2012-2013 Budget - City of Saginaw MI

approved by City Council. In all other funds, line item budget transfers from one account to anotherwithin the same department and fund can be made without City Council approval.Budget Controls:At the beginning of each quarterly period during the fiscal year, and more often if required by council,the City Manager shall submit to the council data showing the relation between the estimated and actualrevenue and expenditure to date; and if it shall appear that the revenue is less than anticipated, thecouncil or City Manager may reduce appropriations for any item or items, except amounts required fordebt and interest charges, to such a degree as may be necessary to keep expenditures within the cashrevenues. If revenues exceed the amounts estimated in the budget, the council may make supplementalappropriations. The City Manager may provide for monthly or quarterly allotments of appropriations todepartments, funds, or agencies under his control.REVENUE POLICIES:The City will attempt to maintain a diversified and stable revenue base to shelter itself againstshort-term and long-term fluctuations.Annual revenues will be projected by an objective and thorough analytical process.The City will establish user charges and shall set fees for services for enterprise funds at a levelthat fully supports operational and capital outlay costs and activitiesACCOUNTING, AUDITING, AND FINANCIAL REPORTING POLICIES:An independent audit will be performed annually.The City will complete an annual audit report in accordance with Generally AcceptedAccounting Principles (GAAP).CAPITAL IMPROVEMENT PLANThe City’s Capital Improvement Plan shall be developed to reflect the strategic objectives ofCity Council and City Administration.The City shall on an annual basis update its multi-year capital improvement plan includingApproved fund sources.The City will coordinate decision-making for capital improvement budget with the operatingbudget to make effective use of the City’s limited resources for operating and maintainingexisting services and facilities.STRATEGIC PLANNING AND VISIONING STATEMENTThe City of Saginaw’s City Council and Management Team meet twice a year to discuss and prioritizethe city’s goals and objectives. In fiscal year 2012, the aforementioned team took the city’s guidinggoals and objectives and created a vision for the city which stretches ten years into the future, to 2021.With an intense focus on 1) Crime and Public Safety Awareness Efforts, 2) Neighborhood Revitalizationand City Beautification, 3) Recreational Offerings and Youth Activities, 4) Revenue Enhancement, and5) Organizational Development, this team has laid the foundation for improving, reforming, andreinventing the City of Saginaw. The City Council and Management Team envision a city in 202119