2012-2013 Budget - City of Saginaw MI

well as the request to purchase a new radio system. This increase will be offset by reductions to partsand supplies, operating services for maintenance fees, general liability insurance, and general repairs.These reductions are possible because of the purchase of a new radio system.Motor Pool Operations Fund:The Motor Pool Operations Fund will be $923,669, or -31.77% less than in FY 2012. This fund willrealize a reduction in motor vehicle supplies, parts and supplies, indirect costs allocation, internalservice charges for public works building, employment agency fees due to the change to the part timecontract, a reduction in the motor vehicle repairs and motor vehicle charges.Self - Insurance Fund:The Self Insurance Fund will decrease $1,258,338 for FY 2013. This reduction is due in large part tothe reduction in general liability insurance renewal costs as well as a reduction in the amount of moniesthat will be transfer out of the fund in FY 2013.FIDUCIARY SERVICE FUNDSThe total Fiduciary Service Funds’ expenditures will be $15,167,288, for the 2012/2013 Budget. Thisrepresents a $1,310,887, increase to expenditures from the previous fiscal year. Listed below is a discussion onmajor variances within this fund type:Unfunded Liabilities Fund:The Unfunded Liabilities Fund will be $919,876 for FY 2013. In the 2012/2013 Budget, the city hasappropriated $919,876 for the payment of retiree healthcare cost for the General and Motor PoolOperation Funds. This apportionment represents amounts allocated towards the OPEB Liability overthe years from these funds.Forest Lawn Cemetery Fund:Forest Lawn Cemetery Fund will increase by $42,638, or 154.34% from the previous fiscal year.Operating expenditures were included for the first time in this fund to cover expenses for fuel,employment agency fees, and operating services.Oakwood Cemetery Fund:Oakwood Cemetery Fund will increase by $7,712, or 158.19% from the previous fiscal year. OperatingExpenses were included for the first time in this fund to cover fuel and employment agency fees.Police and Fire Pension Fund:The Police and Fire Pension fund will increase $472,204, or 3.45%. This increase is due in large part tothe increase in allocation for Police Pension and Fire Pension payment to retirees due to additionalemployee retiring and utilizing the Police and Fire Pension System as well as an increase to thecustodial fees for the various stock options/managers.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 expenditures will be $134,482,566, whichrepresents a $2,043,013 decrease from the Approved 2011/2012 Budget.47