2012-2013 Budget - City of Saginaw MI

CELEBRATION PARKREVENUE BUDGET SUMMARYCelebration Park Fund is considered to be an EnterpriseService Fund of the city. Enterprise Funds are used by agovernmental entity to account for services provided tothe general public on a user charge basis. Revenues andexpenditures related to the construction and operation ofthe Frank N. Andersen – Celebration Park is recorded inthis fund. The Celebration Park Fund will increase by168.22% or $119,652 from the FY 2012 ApprovedBudget. The largest sources of revenue will beoperating transfers from the following funds: GeneralFund, Technical Services-IS, Technical Services-GIS,and Water Maintenance and Operations.SUMMARY OF REVENUES2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedState Grants 0 48,000 429,798 0 0 47,510 50,837Local Grants 0 53,500 50,000 0 160,000 527,000 55,507Services and Sales 29,650 111 13,161 18,000 18,000 94 3,500Interests and Rents 0 213 0 53,127 0 0Transfer from Other Fund 100,000 107,307 2,814 53,127 0 0 80,935Total Revenues 129,650 209,131 495,773 71,127 231,127 574,604 190,779REVENUE TRENDS600,000Total Celebration ParkRevenues Since 2008500,000400,000300,000200,000Total Celebration ParkRevenues100,000-2008 2009 2010 2011 2012 2013The above graph reflects numerical data from FY 2008 – FY 2011 Actual Revenues, FY 2012 Approved Revenues, andFY 2013 Approved Budget. In 2009, transfers from the General Fund supported park development. From 2010 through2011 revenue steadily increases through grants from the state and local entities to complete the park’s construction. In FY2012 the park support from government grants decreased drastically. In FY 2013 revenues are on the rise again due tostate and local grants and increased operating transfers.235