2012-2013 Budget - City of Saginaw MI

(in millions)REIMBURSEMENTSThe General Fund charges cost allocations to other funds as a part of its internal cost allocation plan. In 2001,2007, 2009, 2010, and 2011 the City hired Maximus to prepare a cost allocation plan. For FY 2013, a total of$2,212,534 is budgeted for the indirect cost allocation plan. The category of reimbursement will equate to$3,014,854, which is $529,194 higher than in FY 2012.OTHER REVENUESOther revenues will decrease $224,713, from 2012 budgeted levels. This includes miscellaneous revenuerelated to police department services, donations, and the sale of assets.USE OF FUND EQUITY AND TRANSFERSIn FY 2013, city administration lists Transfers and Use of Fund Equity separately. In previous fiscal years,these accounts were combined with Other Revenues. For the 2012/2013 Approved Budget, no funds will beallocated to come into the general fund nor have been appropriated to be use from the city’s reserves.ANALYTICAL REVIEW:The three major revenue sources for the City of Saginaw are Property Taxes, Income Taxes, and State SharedRevenues. Pictured below is a graphical representation of the history of these revenues sources from FY 2002through the budgeted FY 2013.16.00General Fund's Major Revenue Source14.0012.0010.008.006.004.002.00-2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013YearsProperty TaxesIncome TaxState Shared Revenues62