2012-2013 Budget - City of Saginaw MI

REVENUE/EXPENDITURE BUDGET SUMMARYTREASURE ISLAND LDFAThe Treasure Island LDFA Fund accounts for revenuesand expenditures captured and utilized at Treasure Islanddistrict for qualifying improvements. Projects andimprovements must be approved by City Council priorto the City Assessor capturing these tax dollars. Afterthese dollars have been collected then a portion ofcapturing monies must be utilized on reinvesting in theland development within the district. The CityController and Assessing Offices work with theDepartment of Development to ensure that this district isin compliance with the approved plan and that all dollarscollected are reconciled.During FY 2011, City Council approved the closing ofthis capturing district.SUMMARY OF REVENUES2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedProperty Taxes 6,459 9,331 9,788 0 0 0 0Other Revenues 0 0 0 0 0 0 0Total Revenues 6,459 9,331 9,788 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 0 144 0 0 0 0Capital Outlay 0 0 0 0 0 0 0Miscellaneous 0 0 0 0 0 0 0Total Expenditures 0 0 144 0 0 0 0206