2012-2013 Budget - City of Saginaw MI

REVENUE BUDGET SUMMARYPARKING OPERATIONS AND MAINTENANCEParking Operations and Maintenance Fund is consideredto be an Enterprise Service Fund of the city. EnterpriseFunds are used by a governmental entity to account forservices provided to the general public on a user chargebasis. Revenues and expenditures related to theoperation of the parking system are recorded in theParking Operations and Maintenance Fund. The ParkingOperations and Maintenance Fund will decrease by -100%. This reduction is attributed to the reclassificationof this fund from an Enterprise Fund to a division of theDepartment of Development in the General Fund.SUMMARY OF REVENUES2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedCharges for Service 175,427 154,123 148,656 170,000 170,000 145,510 0Fines and Forfeitures 111,538 147,708 128,976 127,622 127,622 106,860 0Interest and Rents (267) 125 97 0 0 -33 0Other Revenues 0 0 0 0 0 0 0Transfers from Other Funds 420,880 106,611 27,682 0 6,884 0 0REVENUE TRENDSTotal Revenues 707,578 408,567 305,411 297,622 304,506 252,337 0Total Parking Operations andMaintenance Fund Revenues Since 2002800,000700,000600,000500,000400,000300,000200,000100,000-Total Parking OperationsRevenuesThe above graph reflects numerical data from FY 2002 – FY 2011 Actual Revenues, FY 2012 Approved Revenues, andFY 2013 Approved Budget. Revenues in this fund increased over 100% due to the recognition of parking violation finesin the parking fund, instead of the General Fund. In 2008, there was another drop in revenue due to a -82.84% decrease inthe transfer of money from other funds. In 2009, there was another significant increase in revenues due to the GeneralFund subsidizing the Parking Fund, to pay for the last debt service payment on Ramp 1. In 2010, the transfer from theGeneral Fund decrease by -74.66%, causing a sharp drop the in revenue trend line. For fiscal years 2011 and 2012 thefund revenues appear to be leveling out. The Parking Operations and Maintenance Fund will decrease by -100% in FY2013 due to the reclassification of this fund from an Enterprise Fund to a division of the Department of Development inthe General Fund.245