2012-2013 Budget - City of Saginaw MI

INTERNAL SERVICE FUNDSThe total Internal Service Funds’ revenues will be $7,235,102, for the 2012/2013 Approved Budget. Thisrepresents a $1,907,119, or -20.86% reductions from FY 2012. Listed below is a discussion on majorvariances within this fund type:Public Works Building Fund:The Public Works Building Fund will decrease by $68,974 from the 2012 Approved Budget. Thisdecline is attributed to a reduction in the contributions to other funds for services provided.Radio Operations Fund:The Radio Operations Fund will be $352,435, higher than in FY 2012. This increase is due to a higherappropriation of fund equity for the purchase of a new radio system for non-public safety departments.These internal customers have been contributing funds for years in order to purchase new radiossystem.Motor Pool Operations Fund:The Motor Pool Operations Fund will be $923,669, or -31.77% less than in FY 2012. This decrease isprimarily attributed to a reduction in the charge for services and use of fund equity.Self-Insurance Fund:The Self Insurance Fund will decrease by $1,258,338, from the 2012 budgeted levels. This is based onan anticipated reduction in the general liability insurance fee from both renewals by Saginaw BayUnderwriters as well as the amount reallocated to contributing funds for healthcare savings.FIDUCIARY SERVICE FUNDSThe total Fiduciary Service Funds’ revenues will be $15,167,288, for the 2012/2013 Approved Budget. Thisrepresents an increase of $1,310,887. Listed below is a discussion on major variances within this fund type:Unfunded Liabilities Fund:The Unfunded Liabilities Fund will increase $797,033 from the 2012 budgeted levels. This increasereflects the appropriation of fund equity to assist with the payment of retiree healthcare for the Generaland Motor Pool Operations Funds. These reserves represent monies allocated from these funds sinceFY 2008. This allocation is a one-time resource.Forest Lawn Cemetery Fund:For FY 2013, the Forest Lawn Cemetery Fund revenues will increase by $42,638 from the 2012Approved Budget. This increase is due to an increase in the expected revenues for the sale of lots andsingle graves at the city-owned cemeteries and the inclusion of the use of unrestricted and uncommittedfund equity to cover FY 2013 cemetery expenditures.Oakwood Cemetery Fund:The Oakwood Cemetery Fund revenues will be $12,587. This is an increase of $7,712, from theprevious fiscal year. A calculation was completed for the percentage breakdown between Forest LawnCemetery and Oakwood Cemetery, based on size of the cemetery, the 25% of the sales of lots andsingle graves were appropriated. In addition, there was an inclusion of the unrestricted anduncommitted fund equity to cover FY 2013 cemetery expenditures.38