2012-2013 Budget - City of Saginaw MI

The above graph reflects numerical data from FY 2002 – FY 2011 Actual Revenues, and FY 2012 and 2013 ApprovedBudgets. The spike from FY 2010 that continued through FY 2011 is due in large part by the City increasing theresidential, commercial, and industrial water rate that began July 1, 2009 and July 1, 2010. Rate increase will continue forthe next few years. Additionally, as already stated above, in FY 2012 the City issued $10,570,000 Water Supply SystemRevenue Bonds, Series 2011 A for the purpose of paying the cost of acquiring and constructing improvements to theCity’s Water Supply System. The City will utilize these monies during FY 2013 with no rate increase.DETAIL REVENUES ANALYSIS2008/09 2009/10 2010/11 2011/12 2011/12 2011/12 2012/13Actual Actual Actual Approved Adjusted Projected ApprovedEPA Grant 14,487 0 0 0 0 0 0Miscellaneous FederalGrant 0 0 214 0 0 0 0Sale of Junk 980 11,392 17,813 4,000 65,499 74,219 20,000Turn on Charges 3,588 3,553 2,652 3,000 3,000 2,652 4,000Water 11,693,606 13,104,957 14,386,620 14,036,470 14,036,470 13,946,548 15,000,000Water Connections 9,553 4,411 16,812 10,000 10,000 20,620 15,000Materials & Services 389,854 380,373 354,949 400,000 400,000 381,198 375,000Interest on Investments 135,447 34,734 24,062 30,000 30,000 (5,821) 30,000Dividends 0 636 1,868 0 0 1,194 0Interest on Spec. Asmts. 1,772 0 5,415 1,000 1,000 0 1,000Interest and Penalties 120,681 118,646 143,963 110,000 110,000 143,902 110,000Special Assessments 4,297 504 1,704 0 0 2,141 0Surplus Receipts 127 210 169 0 0 135 0Insurance Proceeds 0 5,990 0 0 0 54,379 0Reimbursement (111,066) 0 65,865 0 0 426 0Gain/Loss on Invest. 0 (349) 62 0 0 310 0Bond Proceeds 0 0 0 0 0 10,392,910 0Use of Fund Equity 0 0 0 7,995,693 11,502,085 0 6,633,412Total Revenues 12,263,326 13,665,057 15,022,168 22,590,163 26,158,054 25,014,813 22,188,412267