Saginaw’s City Budget Showing Signs Of Improvement

Saginaw’s fiscal health is improving.

Several years ago, the city a fund balance of $245,000. City Manager Tim Morales says that amount would not last too long with a general fund budget of $34 million. Morales said as of June 30th, the city’s rainy day account, or fund balance, was $6 million, about 20% of the city’s budget.

At the end of the 2017-2018 budget year on June 30th, the city’s Andersen Enrichment Center had a deficit of just over $24,000. City Manager Tim Morales says the current year’s budget will be the last one with a deficit. Morales said by June 30th, 2020, the facility at 120 Ezra Rust Drive, is expected to show a
$14,000, plus, surplus.

The Saginaw City Council, Monday night, authorized Morales and city staff to submit a revised deficit elimination plan to the state treasury department.

SHARE

RELATED CONTENT

Saginaw School District Focusing On Elementary Reading Kansas Man Held Without Bond in CSC Case Involving Teen Girl Saginaw County Approves New Legal Aid Service Bay County Executive Supports Bay City Plan On Bridges Governor Whitmer visits Nexteer Saginaw Police Introduce New K-9 Member
Comments