2012-2013 Budget - City of Saginaw MI

UNASSIGNED FUND BALANCE ANALYSIS2012/2013 BUDGETSPECIALINTERNALGENERAL REVENUE ENTERPRISE SERVICE FIDUCIARYFUND FUNDS FUNDS FUNDS FUNDSUnassigned Fund Balance (Deficit)- June 30, 2011 2,685,121 (790,486) 23,666,866 4,237,799 123,216,441FY 2012 Projected Revenues 30,070,474 17,482,363 46,951,141 7,594,975 4,056,125FY 2012 Projected Expenditures (w/ Encumb) 33,578,660 16,952,064 39,436,385 10,960,455 14,347,899Est. Unassigned Fund Balance (Deficit) - June 30,2012 (823,065) (260,187) 31,181,622 872,319 112,924,667FY 13 Estimated Revenues:Property Taxes 5,055,427 3,360,888 0 0 0City Income Taxes 12,022,879 0 0 0 0State Revenue Sharing 7,108,207 4,429,415 0 0 0Grants 634,240 1,246,752 0 0 0Licenses, Permits, and Fees 1,222,700 2,850 400 0 0Charge for Services 937,790 3,597,145 36,644,000 5,959,989 6,000,000Fines and Forfeitures 884,522 0 72,000 0 0Interest 368,000 69,489 608,500 5,850 2,982,624Rents 32,000 0 0 0 0Reimbursements 3,014,854 561,098 0 0 0Other Revenues 523,537 1,746,563 12,010,391 1,269,263 6,101,814Total FY 13 Estimated Revenues 31,804,156 15,014,200 49,335,291 7,235,102 15,084,438Total Resources Available for Appropriation 30,981,091 14,754,013 80,516,913 8,107,421 128,009,105FY 13 Expenditure Appropriations:General Government 1,816,553 0 0 0 0Fiscal Services 2,865,304 0 0 0 0Police 12,302,143 3,415,204 0 0 8,004,562Fire* 7,614,314 1,651,415 0 0 6,160,000Highways and Streets 0 5,277,851 0 0 0Garbage and Rubbish 0 4,061,207 0 0 0Public Works 0 559,636 49,335,291 451,903 0Development 1,465,443 22,036 0 0 0Public Services (GF) 3,002,966 0 0 0 0Other General Services 2,896,309 0 0 6,783,199 919,876Total FY 13 Expenditure Appropriations 31,963,032 14,987,349 49,335,291 7,235,102 15,084,438Estimated Unassigned Fund Balance - June 30,2013 (981,941) (233,336) 31,181,622 872,319 112,924,667*SAFER Grant Expenditures were budgeted to be $635,503 for FY13. The City did not receive the Grant; the General Fund will have to cover thecost of these Expenditures. However, now that the City is not receiving the Grant revenue, changes will be made and layoffs will likely occur.Conclude to only include 3 months of expenditures in the General Fund Budgeted Expenditures.56