2012-2013 Budget - City of Saginaw MI

Police and Fire Pension Fund:The Police and Fire Pension fund will increase $472,204 or 3.45%. This revenue increase is due to ahigher police and fire pension valuation that must be made by the employer because of the down turn inthe market in FY 2009 and FY 2010.Bliss Park Expenditure Endowment Fund:In FY 2013, the Bliss Park Expenditure Endowment Fund will be inactive. The endowment has beenexhausted and lawn services will be absorbed in under the General Fund’s Facilities Division.Overall, for fiscal year 2012/2013, the City of Saginaw’s budgeted revenues will be $134,482,566, whichrepresents a -1.50% or $2,043,013, decrease from the Approved 2011/2012 Budget.39