2012-2013 Budget - City of Saginaw MI

REVENUE/EXPENDITURE BUDGET SUMMARYSEXTON LDFAThe Sexton LDFA Fund accounts for revenues andexpenditures captured and utilized at Sexton district forqualifying improvements. Projects and improvementsmust be approved by City Council prior to the CityAssessor capturing these tax dollars. After these dollarshave been collected then a portion of capturing moniesmust be utilized on reinvesting in the land developmentwithin the district. The City Controller and AssessingSUMMARY OF REVENUESOffices 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.2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedProperty Taxes 22,074 13,563 13,433 0 0 0 0Other Revenues 0 0 0 0 0 0 0Total Revenues 22,074 13,563 13,433 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 0 0 0 0 0Total Expenditures 0 0 0 0 0 0 0204