2012-2013 Budget - City of Saginaw MI

REVENUE/EXPENDITURE BUDGET SUMMARYSAGINAW TOOL AND DIE LDFAThe Saginaw Tool and Die LDFA Fund accounts forrevenues and expenditures captured and utilized atSaginaw Tool and Die district for qualifyingimprovements. Projects and improvements must beapproved by City Council prior to the City Assessorcapturing these tax dollars. After these dollars havebeen collected then a portion of capturing monies mustbe utilized on reinvesting in Saginaw Tool and Die landdevelopment. The plan requires that updates must bemade in the district. The City Controller and AssessingOffices work with the Department of Development toensure that this district is in compliance with theapproved plan and that all dollars collected arereconciled.During FY 2011, City Council approved the closing ofthis capturing district. Therefore, no monies areappropriated in the 2012/2013 Approved Budget.SUMMARY OF REVENUES2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedProperty Taxes 28,184 25,144 123 0 0 0 0Other Revenues 0 0 0 0 0 0 0Total Revenues 28,184 25,144 123 0 0 0 0FUNDING LEVEL SUMMARY2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected Approved1775 Component Unit 0 0 144 0 0 0 0Total Expenditures 0 0 144 0 0 0 0FUNDING LEVEL BY CATEGORY2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedPersonnel Services 0 0 0 0 0 0 0Operating Expenses 0 0 0 0 0 0 0Capital Outlay 0 0 0 0 0 0 0Miscellaneous 0 0 144 0 0 0 0Total Expenditures 0 0 144 0 0 0 0203