2012-2013 Budget - City of Saginaw MI

EXPENDITURE BUDGET SUMMARYThe total CDBG Residential Loan Fund expenditureswill be $714,596 for FY 2013. This represents a 53.63%increase from the FY 2012 Approved Budget. PersonnelServices Expenditures for personnel services willincrease by 52.39% or $62,579 due to the reallocation ofthe Block Grant Administrator to the fund and anincreased allocation of the Block Grant Specialist. Intotal, the CDBG Residential Loan Fund personnelcomplement will increase by .27 positions. OperatingExpenses for the CDBG Residential Loans Funddecrease by $3,675, or -4.21%. This decrease can beattributed to incremental decreases in line itemsthroughout the fund. Capital Outlay There are no capitalexpenditures budgeted for this fund. The category ofMiscellaneous Expenditures will be $449,019; thisrepresents an increase of $190,553, or 73.72%, whichcan be attributed to a rise in federal loan funds.FUNDING LEVEL SUMMARY2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected Approved6540 Residential Loans 392,863 293,717 187,470 357,153 299,270 171,815 615,0476550 Single Families 172,999 48,718 59,295 107,986 186,486 162,930 99,5499660 Transfers 0 14394 0 0 0 0 0Total Expenditures 565,862 356,829 246,765 465,139 485,756 334,745 714,596FUNDING LEVEL BY CATEGORY2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedPersonnel Services 144,601 104,812 101,170 119,439 127,950 108,123 182,018Operating Expenses 57,184 69,506 52,123 87,234 86,814 49,502 83,559Capital Outlay 675 266 0 0 700 498 0Miscellaneous 363,402 182,245 93,472 258,466 270,292 176,622 449,019Total Expenditures 565,862 356,829 246,765 465,139 485,756 334,745 714,596SUMMARY OF POSITIONS2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected Approved6540 Residential Loans 1.70 0.00 1.50 1.50 1.50 1.50 1.77Total Positions 1.70 0.00 1.50 1.50 1.50 1.50 1.77The following “Expenditure Detail” page will outline the total amounts allocated in FY 2012/2013 by employee cost,operating expenses, capital outlay, and miscellaneous cost. Please refer to “How To Use the Budget Document” forbetter clarification for the Operating Expenses categories.218