2012-2013 Budget - City of Saginaw MI

Community Development Block Grant (CDBG):CDBG revenues will decrease $337,233 from the 2012 Approved Budget. This decrease is due to areduction in the City’s federal entitlement allocation.Community Development Block Grant – Residential Loans:The CDBG – Residential Loans revenue will increase $249,547 from the 2012 Approved Budget. Thisincrease is attributed to an increased allocation of entitlement monies.Community Development Block Grant – Block Grant Home Program:The CDBG – Block Grant Home Program revenue will decrease $575,398 from the 2012 ApprovedBudget. This decrease is due to the reduction in the City’s federal entitlement allocation.SEDC Revolving Loan Fund:The SEDC Revolving Loan Fund will decrease $485,915 from the 2012 Approved Budget. Thisdecrease is due to the reduction in the City’s federal entitlement allocation.Auto Theft Prevention Grant:The Auto Theft Prevention Grant will decrease $15,084, or -11.67% from the previous fiscal year. Thereduction in revenues is attributable to the decrease in the General Fund subsidy.Celebration Park Fund:In FY 2013, Celebration Park Fund will be reclassified to a Special Revenue Fund from an EnterpriseFund. For the 2013 Approved Budget, this fund will be $190,779. This represents an increase from the2012 approved budgeted levels. This increase can be attributed to the additional revenues from Stateand Local Grants as well as an increase in the transfers from other funds.ENTERPRISE FUNDSThe total Enterprise Funds’ revenues will be $49,335,291, for the 2012/2013 Approved Budget. Thisrepresents a $972,238, or 2.01% increase from the previous fiscal year’s budgeted levels. Listed below is adiscussion on major variances within this fund type:Parking Operations and Maintenance Fund:The Parking Operations and Maintenance revenues will decrease by -100%. This reduction is primarilyattributed the Parking Operations and Maintenance Fund reclassification from an Enterprise Fund to adivision of the Department of Development in the General Fund.Sewer Operations and Maintenance Fund:The Sewer Operations and Maintenance revenues will increase by 6.86%. The increase in revenues is adirect result of the continuation of the sewer rate increase in accordance with the City’s rate study;increases to the IPP Testing and Sampling revenues; and a higher allocation of fund equity/retainedearnings due to the continuous wastewater facilities improvements. These increases will be offset by areduction in the grant allocations and IPP Permits revenues.Water Operations and Maintenance Fund:The Water Operations and Maintenance revenues will decrease by $401,751, or -1.78%. The reductionin the 2013 Budget is a direct result of a reduction in the amount of funds appropriated to be use fromretained earnings.37