PLANNING PROGRAM A continuing planning program for Saginaw County and its Metropolitan Area is being undertaken collab¬ oratively by existing Local, State and Federal agencies. The basic planning process of Organization and Administration, Inventory, Analysis, Projection and Forecast, and Plan Implementation are the basic elements of this program. The objective is to promote development decisions that will enhance the livability and efficiency of the man-made environment; and, promote the preservation and conservation of the natural environment. COOPERATING AGENCIES The preparation of this report was financed in part through an urban planning grant from the Department of Housing and Urban Development, under the provisions of Section 701 of the Housing Act of 195^, as amended. SAGINAW COUNTY METROPOLITAN PLANNING COMMISSION ABSTRACT TITLE: Finacial Inventory, Analysis, and Forecast AUTHOR: Saginau County Metropolitan Planning Commission SUB3ECT: Provides financial inventory data for Saginau County Governments and makes financial projections through 1990. DATE: 3uly, 1971 LOCAL PLANNING AGENCY: Saginau County Metropolitan Planning Commission SOURCE OF COPIES OF DOCUMENTS: Clearinghouse for Federal Scientific and Tech¬ nical Information, Washington, D.C., Saginau County Metropolitan Planning Commission HUD PROTECT NUMBER: Michigan P-299 NUMBER OF PAGES: 169 ABSTRACT: This report uas prepared by inventorying and analyzing financial information from 1955 to 1969 available for all County Government units. The rate and amount of average annual increase for revenues and expenditures uas determined and projections made through 1990. It assumes that the historical pattern of financing uill remain and that there uill be no dramatic changes in source or use of revenue. It is also assumed that there uill be no change in the reorganization or political-legal status of the governmental units. Houever, a discussion of potential change in uelfare administration, revenue sharing, government reorganization and dimilar developing patterns uill be discussed relative to general impact. Public utility funds, building and site funds, and similar special funds are not included in this initial report. 1)162485 FINANCIAL INVENTORY, ANALYSIS, AND FORECAST CONTENTS INTRODUCTION Scope, Purpose and Limitations of Forecast. .......... . 1 FINANCIAL SUMMARIES . ............... 5 Saginau County Government ......................... 26 Cities in Saginau County ............... 34 City of Saginau .34 City of Frankenmuth . 41 City of Ziluaukee 41 l/illages in Saginau County(5) 46 Tounships in Saginau County (27) ..................... 54 School Districts in Saginau County 113 Delta College 141 Tri-City Airport ....... ............... .142 Analysis . „ ............ ..... .144 Recommendations and Conclusion .146 Appendices ........... . ...... .148 PART I INTRODUCTION INTRODUCTION The key to governmental activity and quality can usually be traced to money. Without the money, the operational aspects of police, fire, public works, recreation and general administration cannot perform at a proper level of service. Without the money, the necessary public im¬ provements in utilities, roads, civic buildings and other capital facilities cannot be built. In short, without the money, governments will often have to compromise on providing the level of services and facilities that citizens would like or need. The purpose of this report is to show where the govern¬ ments in Saginaw County get their money and where they spend it. This will be done for a historical period, for the present, and will also include projections into the future. Not only will revenues and expenditures be studied, but also state equalized valuation, taxing power, levels of outside aid, bonded indebtedness and other aspects of the total financial picture. Although the projection will be based on historical data, some of the possibilities of future changes in local finance will be discussed as will the value of continuous analysis of the county-wide financial pulse. It should be noted that utility funds, building and site funds, and other special funds are not included in this study. Financial Inventory For nearly all of the political units of government the Annual Report that they file with the Michigan Municipal Finance Commission was used as a basis for gathering data on revenues and expenditures. For the most part, this data was gathered for the years 1955 and 1960 and for the consecutive years 1963 to 1968. In reviewing these forms for the analysis it was obvious that they were filled out with varying care and accuracy; which makes the comparison of categories—particularly in expenditures—a somewhat precarious proposition. When¬ ever other forms of inventory data were available, they were uecd. Saginaw County Government data came from the State Department of Treasury's Financial Report of Michigan County Government; City of Saginaw information came from their annual audit reports, and some township audit reports were also utilized. School financial information was taken off annual financial statements filed with the Saginaw County Intermediate School District and were uniformly and carefully done. Financial Analysis The financial analysis consists primarily of charts com¬ paring data for local units and adding totals to get a picture of total financial activity on a county-wide basis. All of the analysis was dor.e by the Saginaw County Metropolitan Planning Commission. This analysis will serve primarily as a base for financial evaluation in the capital improvements program to be developed on a county-wide basis. The analysis uill be a factual presentation and no attempt uill be made to evaluate efficiency of any local govern¬ ments. Financial Projections One purpose of this report is to project the revenue and expenditures of all governmental units in Saginaw County through 1990, in order to determine financial resources available for planning and transportation proposals in that time period. This uill include fore¬ casting governmental revenues for the County, cities, villages, townships, school systems and other regional facilities based on the record of past financial activity The balance or deficit between anticipated revenues and expenditures is also shown. It is assumed that there uill be no millage increase, no significant change in current sources and uses of revenues, and no change in the political or legal status of any of these organizations. Due to the wide variety and varying usefulness of the basic financial data available, the exact methods used in making these forecasts will vary. Each of the different categories of forecasts will include a statement of methodology used in making that specific group of forecasts realistic, there are several basic limitations on the usefulness of this information. It is presumptious to assume that there will be no change in the revenue source or rate; or to assume that there will be stability in the legal and political status of all units of government; or to assume that expenditures will continue to be made in the same way. Revenue sources and rates change rapidly as evidenced by the City of Saginaw income tax, many changes in school millages in local districts, the addition of a community college district (Delta) and other factors in the past twenty (20) years and less. Similarly, the political status of governments is hardly fixed; Frankenmuth and Ziluaukee school district was incorporated into the City of Saginaw School District; even the nature of county government was altered by Michigan's recent constitution, to name a feu changes. The use of revenues is also subject to change depending on the social and economic conditions of the area. Also important is the impact of non-governmental operations on the tax base of the area. Addition of a state-supported college, unanticipated growth, relocation or failure of a major industry, economic recession or other similar .* factors beyond the control of local governments will also have an impact on revenues and expenditures. Changes made by the federal or state government can also change the value of property; A new highway, flood control program or oth&r major change usually precipitates a significant change in the tax base. But, if it is presumptious to assume that there will be no significant changes, it would be even more presumptious to predict the exact nature and influence of all possible changes. Thus, while the forecasts presented are limited, they likely represent a more feasible and, if they err, likely more conservative approach to the problems of forecasting. One final limitation should be mentioned. The histor¬ ical information used generally encompasses no more than a fifteen (15) year period from 1955 to 1970. In a broader perspective, the period may be one of either unusually slow or rapid development and change for any given government. Thus, predictions based on this period of time could give a statistically unsound forecast of the future. Unfortunately, this cannot be quantified or proven with available data, and the only way to deter¬ mine this with certainty will be in retrospect. In addition, the rate of growth for townships in an early stage of development will decrease as they mature. It should also be remembered that while these figures often show continuing gains in financial activity, the actual pattern of growth will vary. Fast growing suburbs, for example, will net their biggest gain every ten (10) years as a result of more money received from census-based tax diversions. Similarly, a change of state equalized valuation for properties is often done on a periodic basis and its impact is also one of sudden change rather than continuing adjustment. Thus, the projected figures—even if accurate on a long-range basis are not necessarily indicative of the budget for any given year. FORMAT In this report information will be consolidated into groupings of like governmental units. Thus there uill be five (5) sections as follows: County-side Governmental Operation Cities in Saginau County l/illages in Saginau County Townships in Saginau County Ten Urban Townships Seventeen Rural Townships Local School Districts Following this will be a section a general analysis and discussion of financial data presented for the entire area including summaries and totals for the county. The final section will deal with conslusions and recommendations for a continuing survey of local govern¬ ment financing in Saginaw County. A large appendix will be included showing a variety of statistical data not included in the report itself. This information is provided primarily as reference for groups or governments that might desire such statistics. -4- SUMMARIES SUMMARIES The following summaries are primarily a comparative condensation of financial data elaborated on further in the report. No analysis is attempted in this summary and all comments are reserved for other portions of the report. This summary is primarily for quick reference uses. Caution is urged'in drawing conclusions from this data because special peculiarities in one governmental unit may make comparisons with another statistically mis¬ leading. Furthermore, while some governments will show deficits in the future, this does not mean this will inevitably happen. This shows only that if the current rate of expenditures continues to grow faster than revenues—and if the situation were unchecked—a deficit would result. From a pragmatic standpoint, however, it is unlikely that this would happen because as soon as a deficit appears immenent, it is likely that local government officials would make necessary adjust¬ ments to prevent this from happening. Consequently, considerable discretion is necessary in drawing conclusions from the data presented in these summaries and data presented elsewhere. -5- FINANCIAL COMPARISONS FOR TEN TOWNSHIP AREA WfcB %*** Pop. Revenue Sources Expenditures Pre. 1970 Political Unit Revenue $*** Expenditures Incr. 1970 SEV Local State Other Opr. Outlay Other Population Saginaw Twp. 520,125 17.5 473,069 17.7 73.7 136,403,015 39.5 43.0 17.5 46.7 17.7 35.6 27,115 Buena Vista Twp. 383,343 11.9 390,606 8.2 17.7 120,724,081 46.7 44.3 9.0 48.3 8.7 42.8 13 ,670 Bridgeport Twp. 158,813 9.3 14: ,507 9.8 48.1 44,030,892 16.3 50.8 33.1 37.7 62.3 12,752 Carrollton Twp. 140,936 7.6 125,426 6.0 26.9 23,129,228 33.2 61.2 5.6 73.5 26.5 8 ,526 Thomas Twp. 102,376 10.3 92,842 9.6 83.6 33,929,870 22.4 62.7 14.9 79.6 10.0 10.4 8,503 Tittabawassee Twp. 60,954 7.0 44,068 8.8 27.3 17,097,347 24.4 60.8 14.8 80.3 19.7 4,009 Spaulding Twp. 58,254 9.5 51,280 10.0 24.5 8,281,850 4.5 81 .0 14.5 64.4 20.8 14.8 3,387 Kochville Tup. 27,059 7.7 27,056 6.5 61 .5 9,641,493 28.2 67.2 4.2 71 .5 1 .3 22.2 2,379 Dames Twp. 29,955 7.5 19,384 7.0 16.7 6,859,158 15.1 72.9 12.0 58.0 3.3 38.7 1 ,990 Zilwaukee Twp.* 6,339 5,350 0.1 1 ,569,816 85.8 13.0 1 .2 95.7 4.3 109 Ten Township Totals and Averages 1 ,488,153 9.8 1,372,588 9.3 42.2 401,666,750 25.6 60.4 14.0 62.2 10.3 27.5 82,440 City of Ziluaukee 121 ,101 7.5 153,938 7.8 15.0 13,800,000 72.0 20.1 7.0 44.2 13.3 42.5 2,062 Ten Township Plus City of Ziluaukee* 1,609,254 9.6 1 ,526,526 9.2 39.4 415,466,750 30.3 56.4 13.3 60.2 7.5 32.3 84,502 City of Saginaw** 9,406,372 6.1 9,187,911 6.2 -7.8 430,081,488 23.3 21.5 55.2 57.3 20.0 22.7 90,603 Ten Township Plus the Cities of- Saginaw And Zilwaukee* 11,015,626 9.3 10,714,437 8.9 35.2 845,548,238 29.7 53.2 17.1 60.0 8.6 31 .4 175,105 *Percent of revenues and expenditure sources as uell as grouth rate for Ziluaukee Township are excluded because the percentages for this small unit differ too dramatically from the "norm" to have them distort the rest of the figures. -6- **City of Saginaw Income Tax listed as miscellaneous ***Percent of annual growth from 1955 to 1968 FINANCIAL COMPARISONS FOR RURAL SAGINAW COUN Political Unit l%6 Revenue i%8 % Expenditures Pop. % Incrfr Chesaning (l/il) 271,344 6.1 ,Birch Run (Uil) 34,389 7.7 Merrill (Uil) 58,599 8.3 iOakley (Uil.) 15,160 3.6 jSt. Charles (Uil) 155,295 5.9 'Frankenmuth (City) 580,000 Rural Incorporated/ Totals & Averages 1,114,787 6.3 .Rural Township/ 'Totals & Averagle 465.501 5.6 All Rural Townships/ Totals & Averages 1,580,288 5.8 Ten Townships & Zilwaukee Totals and Averages 1,609,254 9.6 Out County Totals and Averages 3,189,542 City of Saginaw Totals 9,406,372 6.1 County Totals & Averages (excludes County Gov't) 12,595,914 Saginaw County Government 11,521,080 278,774 31 ,059 51 ,129 8 ,411 131 ,143 580,000 1 ,080,466 409,298 1 .489.764 1 ,526,526 3,016,290 9,187,911 12,204,201 11 ,314,899 4.9 3.32 8.0 10.4 6.7 -1.3 6.5 .5 6.5 4.5 61.3 6.5 13.12 5.8 24.7 6.0 9.2 39.5 6.2 -7.8 14.2 *1960 to 1970 population increase (%) **General Operating Expenditures : INCORPORATED VILLAGES AND CITIES Revenue Sources Expenditures Pre. 19r 1970 SEU Local State Other Oprf* Outlay Other Populat: Included in 33.9 25.6 38.7 48.0 11 .9 40.5 2,862 Individual 8.7 44.8 42.3 15.2 57.5 27.3 932 Townships 39.2 39.8 20.9 36.8 63.2 946 16.7 73.0 10.3 41 .1 58.9 419 28.9 43.4 28.3 21 .0 79.0 2,040 19,336,000 23.8 9.5 66.7 14.3 85.7 2,787 19,336.000 25,2 39.3 34 5 29.4 34.7 59.1 9,986 126.942.056 26.9 66.2 8.4 86.2 4.0 12.5 32.696 126.942,056 25.3 59.2 15.2 7.1 ,4 12.8 24.7 42,682 415,466,750 30.3 56.4 13.3 60.2 7.5 32.3 84,502 542,408,806 127,184 430, 081,488 23.3 26.5 55.2 57.3 20.0 22.7 90.603 972,490,294 217 ,787 991,415,768 51 .2 37.4 21 .4 16.5 15.0 68.5 217, '87 -7- SUMMARY: REVENUES, EXPENDITURES, AND BALANCES FOR INCORPORATED CIT] AND VILLAGES AND TEN URBAN TOWNSHIPS REVENUES 1970 1971 1972 1973 1974 1975 1980 1985 1990 County of 13 Saginau ,624,888 14 ,295,393 14 ,965,446 15 ,635,951 16,306,456 16 ,976,961 20,329,486 23,682,011 27,034,536 City of Saginau 10 ,872,636 11 ,402,991 11 ,953,801 12 ,526,311 13,121 ,847 13 ,741,812 17,263,540 21 ,662,655 27,241,463 City of Ziluaukee 146,537 155,246 163,955 172,664 181 ,373 190,082 233,627 277 ,172 320,717 City of Franksnmuth 553,856 604,761 638,761 672,761 706,761 740,761 910,761 1 ,080,761 1 ,250,761 Village of Birch Run 37,273 38,715 40,157 41 ,599 43,041 44,483 51 ,693 58,903 66,113 Village of Chesaning 290,028 300,396 310,080 319,764 329,448 339 ,132 387,552 435,972 484,392 Village of Merrill 64,117 66,876 69,635 72,394 75,153 77,912 91,707 105,502 119,297 Village of Oakley 15,858 16,207 16,556 16,905 17,254 17,952 19,697 21 ,093 22,838 Village of St. Charles 170,931 178,749 186,567 194,385 202,203 210,021 249,111 288,, 201 327,291 Bridgeport Tup. 183,630 196,718 211 ,930 226,760 243,015 260,357 367,251 521,205 748,566 Buena Vista Tup. 412,911 442,479 472,047 501 ,615 531 ,183 560,751 708 ,591 856,431 1 ,004,271 Carrollton Tup. 153,730 160,127 166,524 172,921 179,318 185,715 217,700 249,685 281,570 James Tup. 32,647 33,993 35,339 36,685 38,031 39,377 46,107 52,837 59,567 Kochville Tup. 31 ,385 33,802 36,404 39,207 42,226 45,478 65,899 95,491 138,369 Saginau Tup. 568 ,100 726,143 861,625 894,206 928,416 964,338 1 ,557 ,223 2,53B,465 4,244,669 Spaulding Tup. 66,573 71,087 75,£18 81 ,095 86,651 92,624 130,243 186,076 270,582 Thomas Tup. 118,861 127,975 137,749 148,252 159,559 171 ,751 249,563 368 ,060 552,981 Tittabauassee Tup. 65,620 67,953 70,286 72,619 74,952 77 ,285 88,950 100,615 112,280 TOTALS 27 ,409,581 28 ,919,611 30 ,412,780 31 .826,094 33,266.887 34 ,736.792 42.968.701 52.581.145 64.280.363 -asss sgsaaEaasssgaa EXPENDITURES 1970 1971 1972 1973 1974 1975 1980 1985 1990 County of Saginau 14 ,127,301 14 ,602,673 15,078,045 15 ,553,417 16,028,789 16 ,504,161 18,528,497 23,024,802 26,630,82? City of Saginau 10 ,644,548 11 ,179,650 11 ,735,426 12 ,313,595 12,914,210 13 ,540,025 17 ,097 ,748 21 ,245,237 27,210,99? City of Ziluaukee 132,537 142,477 152,477 162,477 172,477 182,477 232,477 282,477 332,47 City of Frankenmuth 553,356 604,761 637,639 670,517 703,395 736,273 900,663 1,065,053 1 ,229 ,44. Village of Birch Run 36,519 39,249 41,979 44,709 47,439 50,169 63,819 77,469 91 ,113 Village of Chesaning 293,038 300,170 307,302 314,434 321 ,566 328,698 364,358 400,018 435,67? Village of Merrill 55,055 57,018 58,981 60,944 62,907 64,870 74,685 84,500 94,315 Village of Oakley 9,312 9,790 10,287 10,807 11 ,350 11 ,917 15,176 19 ,329 24,709 Village of St. Charles 142,329 147,922 153,515 159,108 164,701 170,294 198,259 226,224 254,187 Bridgeport Tup. 165,790 178,081 191 ,238 205,350 220,509 236,819 340,058 494,933 732,594 Buena Vista Tup. 419,796 448,986 478,176 507,366 536,556 565,746 711 ,696 857,646 1,003 ,596 Carrollton Tup. 134,684 139,313 143,942 148,571 153,200 157,829 180,974 204,119 227,264 Games Tup. 20,474 21 ,019 21,564 22,109 22,654 23 ,199 25,924 28,649 31 ,374 Kochv/ille Tup. 30,687 32,682 .34,806 37,069 39,478 42,044 57,604 78,923 103,132 Saginau Tup. 516,528 563,863 615,569 672,206 734,406 802,879 1,271,351 2,072,413 3,480,342 Spaulding Tup. 58,736 62,865 67,311 73,845 79,181 84,949 121,908 178,277 235 ,908 Thomas Tup. 106,674 114,274 122,386 131 ,063 140,357 150,325 212,830 305,146 444,609 Tittabauassee Tup. 47,023 48,508 49,988 51,468 52,948 54,428 61 ,828 69,528 6,626 TOTALS 2? ,494,892 2b ,£9.3 ,301 29,900,631 31 ,139,055 32,415,123 33 ,707,103 40,439,855 50,714,843 62, £, 4,699 BALANCES 1970 1971 1972 1973 1974 1 975 1980 1985 1990 County of -502,413 -307,280 -112,599 82,534 277,667 472,800 1 ,800,989 657,209 403,709 Saginau City of Saginau 228,088 223,341 218,375 212,716 207,637 201,787 165,792 417,418 30,466 City of Ziluaukee 14,000 12,769 11,478 10,187 8,896 7,605 1 ,150 -5,305 -11,760 City of Frankenmuth 0 0 1 ,122 2,244 3,366 4,488 10,098 15,708 21 ,318 Village of Birch Run 745 -534 -1 ,822 -3,110 -4,398 -5,686 -12,126 -18,566 -25,006 Village of Chesaning -3,010 226 2,778 5,330 7,882 10,434 23,194 35,954 48,714 Village of Merrill 9,062 9 ,B58 10,654 11,450 12,246 13,042 17,022 21,002 24,932 Village of Oakley 6,546 6,417 6,269 6,098 5,904 6,035 4,521 1 ,764 -1 ,871 Village of St. Charles 28,602 30,827 33,052 35,277 37,502 39,727 50,852 61,977 73,104 Bridgeport Tup. 17,840 18 ,637 20,692 21 ,410 22,506 23,538 27,193 26,272 15,972 Buena Vista Tup. -6,885 -6,507 -6,129 -5,751 -5,373 -4,995 -3,105 -1 ,215 675 Carrollton Tup. 19,046 20,814 22,582 24,350 26,118 27,886 36,726 45,566 54,406 James Tup." 12,173 12,974 13,775 14,576 15,377 16,178 20,183 24,188 28 ,193 Kochville Tup. 698 1 ,120 1 ,598 2,138 2,748 3,434 8,295 16,568 30,237 Saginau Tup. 51 ,572 162,280 246,056 222,000 194,010 161 ,459 285,872 466,052 763 ,827 Spaulding Tup. 7,837 8 ,222 8,607 7,250 7 ,470 7,675 8,335 7,799 4,674 Thomas Tup. 12,187 13 ,701 15,363 17,189 19,202 21,425 36,733 62,914 108 ,372 Tittabauassee Tup. 18,592 19,445 20,298 21 ,151 22,004 22,857 27,122 30,987 35,652 TOTALS -85,320 226.310 512.149 687,039 860.764 1.029.689 2.508 .846 1 .866.292 1 ,605.664 -10- S.E.y. FOR URBAN AREA 1955 1961 1962 1963 1964 1965 1966 1967 Bridgeport $6,049,000 $18,912,234 119,427,391 119,994,151 120,789,384 121,675,655 §23,043,693 $33,417,401 Buena Vi3ta 14,407,400 55,313,827 55,395,537 57,225,222 60,113,197 61,994,9X8 71,240,925 82,933,408 Carrollton 5,627,650 18,097,460 18,288,555 19,021,337 19,334,057 19,875,949 20,703,874 22,141,861 3am e s 1,203,700 2,944,486 3,061,605 3,158,548 3,249 ,334 3,320,026 3,399,669 5,034,410 Kochvilie 1,437,500 5,300,727 5,465,628 5,580,492 5,791,003 6,035,200 6,340,237 8,196,143 Saginaw 10,479,100 65,341,332 69,414,740 73,798,018 78,940,755 83,894,502 91,634,432 104,042,770 Sp&ulding 1,679,930 5,243,158 5,240,523 5,348,005 5,636,157 5,820,394 5,952,851 7,398,939 Thoraas 2,396,800 9,593,925 10,135,816 10,421,152 11,214,960 11,584,308 13,939,501 23,381,033 Tittafaawasse© 2,762,600 8,509,333 8,838,057 9,014,653 9 ,269,868 9,648,960 10,167,558 11,556,169 Ziluauka© 7,136,600 13,525,228 13,655,458 13,124,029 795,584 836,690 883,223 2,030,261 Ziluaukee City UNINC UNIfSC UNINC UNINC 11,373,984 12,513,908 12,612,738 13,727,480 City of Saginaw 332,954,862 348,579,073 350,506,407 352,184,725 356,613,770 363,246,949 377,055,951 373,793,016 Total Rstropolitan Area $ 386,135,112 1551,360,783 S 559,429,717 §568,870,331 1583,167,064 §500,855,459 §536,984,762 1687,598,391 -11- S.E.V. FOR URBAN AREA 1968 1969 1970 1971 1972 1973 1974 1975 Bridgeport 34,150,590 36,514,535 44,030,892 48,432,243 50,430,000 52,430,000 54,430,000 56,430,000 Buena Vista 105,734,306 109,997,332 120,724,081 130,127,080 136,130,000 142,130,000 148,130,000 154,130,000 Carroilton 22,451,013 22,325,754 23,129,228 26,467,706 27,470,000 28,470,000 29,470,000 30,470,000 dames 5,114,460 5,235,291 6,859,158 6,972,437 7,170,000 7,370,000 7,570,000 7,770,000 Kccbville 8,380,564 9,339,794 9,641,493 14,183,450 15,190,450 16,233,500 17,532,200 18,934,800 Saginaw 112,515,498 120,601,567 136,403,015 143,755,721 153,760,000 163,760,000 173,760,000 183,760,BOO Spaulding 7,939,546 8,124,080 8,231,850 10,173,570 10,570,000 10,970,000 11,370,000 11,770,000 Thomas 25,769,030 32,201,350 33,929,870 43,206,675 45,200,000 47,200,000 49,200,000 51,200,000 Tittabauassee 12,033,412 12,852,189 17,097,347 17,772,759 18,770,000 19,770,000 20,770,000 21,770,000 Zilwaukee 1,516,547 1,501,481 1,569,316 1,752,969 1,790,000 1,830,000 1,870,000 1,910,000 Zlluaukes City 14,146,711 14,950,935 13,753,756 13,661,203 13,900,000 13,950,000 14,000,000 14,050,000 City of Saginaw 388,996,914 399,126,835 430,081,448 457,723,558 477,720,000 497,720,000 517,720,000 527,720,000 Total Metropolitan Area $738,768,593 $772,791,143 $845,501,954 $914,229,381 $958,100,450 $1001,833,500 $1,045,822,200 $1,079,914,800 -12- SUMMARIES FOR RURAL TOUNSHII -REUENUES, EXPENDITURES AND BALANCE PROJECTIONS -STATISTICAL COMPARISON -HISTORICAL AND PROJECTED STATE EQUALIZED VALUATION revenues 1970 1971 1972 1973 1974 1975 1980 1985 1990 Albee Tup. 38,090 39,028 39,966 40,904 41,842 42,780 47,470 52,160 56,850 Birch Run Tup. 54,337 56,276 58,215 60,154 62,093 64,032 73,727 83,422 93,117 Blumfield Tup. 31 ,118 32,075 33,032 33,989 34,946 35,903 40,688 45,473 50,256 Brady Tup. 19,851 20,468 21 ,085 21 ,702 22,319 22,936 26,021 29,106 32,191 Brant Tup. 20,195 20,872 21,549 22,226 22,903 23,580 26,965 30,350 33,735 Chapin Tup. 13,340 13,783 14,226 14,669 15,112 15,555 17,770 19,965 22,200 Chesaning Tup. 42,135 43,902 45,669 47,436 49,203 50,970 59,805 68,640 77,475 Frankenmuth Tup. 28,463 28,853 29,243 29,633 30,023 30,413 32,363 34,313 36,263 Fremont Tup. 19,156 19,720 20,284 20,848 21 ,412 21 ,976 24,796 27,616 30,436 Oonesfield Tup. 22,180 22,780 23,380 23,980 24,580 25,180 28,180 31 ,180 34,180 Lakefield Tup. 13,099 13,508 13,917 14,326 14,735 15,144 17,185 19,230 21 ,275 Maple Grove Tup. 28,734 29,431 30,128 30,825 31.,522 32,219 35,704 39,189 42,674 Marion Tup. 9,994 10,270 10,546 10,822 11 ,098 11 ,374 12,754 14,134 15,514 Richland Tup. 49,276 51 ,310 53,344 55,378 57,412 59,446 69,616 79,786 89,956 St. CharlBS Tup. 30,100 31 ,390 32,680 33,970 35,260 36,550 43,000 49,450 55,900 Suan Creek Tup. 34,839 36,486 38 ,133 39,780 41 ,427 43,074 51,309 59,544 67,779 Taymouth Tup. 41,298 42,739 44,180 45,621 47,062 48,503 55,708 62,913 70,116 totals 496,205 512,891 529,577 546.263 562,949 579 ,635 663,061 746,491 829,921 -13- EXPENDITURES 1970 1971 1972 1973 1974 1975 1980 1985 1990 Albee Tup. 24,171 24,970 25,769 < 26,568 27,367 28,166 32,161 36,156 40,151 Birch Run Tup. 29,462 30,385 31,308 32,231 33,154 34,077 38,692 43,307 47,922 Blumfield Tup. 23,176 23,876 24,576 25,276 25,976 26,676 30,176 33 ,676 37,176 Brady Tup. 18,240 18,629 19,018 19,407 19,796 20,185 22,130 24,075 26,020 Brant Tup. 10,643 19,279 19,915 20,551 21 ,187 21,823 25,003 28 ,183 31 ,363 Chapin Tup. 11,644 11 ,891 12,138 12,385 12,632 12,879 14,114 15,349 16,584 Chesaning Tup. 40,606 41,753 42,900 44,047 45,194 46,341 52,076 57 ,811 63,546 Frankenmuth Tup. 33,806 35,038 36,270 37,502 38,734 39,966 46,126 52,286 58,446 Fremont Tup. 24,655 25,514 26,373 27,232 28,091 28,950 33,245 37,540 41 ,835 Oonesfield Tup. 23,238 24,268 25,298 26,328 27,358 28 ,388 33,538 38,688 43 ,838 Lakefield Tup. 15,083 15,603 16,123 16,643 17,163 18 ,683 21,283 23,883 26,483 Maple Grove Tup. 28,543 29,804 31,065 32,326 33,587 34,848 41 ,153 47,458 53 ,763 Marion Tup. 10,418 10,714 11 ,010 11 ,306 11,602 11 ,898 13 ,378 14,858 16,333 Richland Tup. 48 ,776 50,597 52,418 54,239 56,060 57,881 66,986 76,091 85,196 St. Charles Tup. 27,509 28 ,626 29,743 30,860 31 ,977 33,094 38 ,679 44,264 49,849 Suan Creek Tup. 16,425 16,925 17,425 17,925 18,425 18 ,925 21,425 23,925 26,425 Taymouth Tup. 35,034 36,361 37,688 39 ,015 40,342 41,669 48 ,304 54,939 61 ,574 TOTALS 429,429 444,233 459.037 473 .841 488,645 504.449 578.469 652.489 726.509 -14- BALANCES 1970 1971 1972 1973 1974 1975 1980 1985 1990 AlPee Tup. 13,919 14,058 14,197 14,336 14,475 14,614 15,309 16,004 16,699 Birch Run Tup. 24,875 25,891 26,907 27,923 28,939 29,955 35,035 40,115 45,195 Blumfield Tup. 7,942 8,199 8,456 8,713 0 ,970 9,227 10,512 11,797 13,082 Brady Tup. 1 ,611 1 ,839 2,067 2,295 2,523 2,751 3,891 5,031 6,171 Qrant Tup. 1 ,552 1 ,593 1,634 1 ,675 1 ,716 1 ,757 1 ,962 2,167 2,372 Chapin Tup. 1 ,696 1 ,892 2,088 2,284 2,480 2,676 3,656 4,636 5,616 Chesaning Tup. 1 ,529 2,149 2,769 3,389 4,009 4,629 7,729 10,829 13,929 Frankenmuth Tup. -5,343 -6,185 -7,027 -7,859 -8 ,711 -9,553 -13,763 -17,973 -22,183 Fremont Tup. -5,499 -5,794 -6,089 -6,384 -6,679 -6,974 -8,449 -9,924 -11 ,399 Bonesfield Tup. -1,058 -1,488 -1 ,918 -2,348 -2,778 -3,208 -5,358 -7,508 -9,658 Laksfield Tup. -1,984 -2,095 -2,206 -2,317 -2,428 -3,539 -4,098 -4,653 -5,208 "1aple Grove Tup. 191 -373 -937 -1,501 -2,065 -2,629 -5,449 -8,269 -11,089 larion Tup. -424 -444 -464 -484 -504 -524 -624 -724 -824 Richland Tup. 500 713 926 1 ,139 1 ,352 1 ,565 2,630 3,695 4,760 St. Charles Tup. 2,591 2,764 2,937 3,110 3,283 3,456 4,321 5,186 6,051 Suan Creek Tup. 18,414 19,561 20,708 21 ,855 23,002 24,149 29 ,884 35,619 41 ,354 Taymouth 6,264 6,378 6,492 6,606 6,720 6,834 7,404 7,974 8 ,544 -v,— TOTALS 66.776 68.658 70,540 72.422 74,304 75.186 84.592 94.002 103.412 -15- FINANCIAL COMPARISONS FOR RURAL Political Unit m Revenue % I #2 Expenditures % Pop. Incr Albee Tup. 36,214 7.5 22,573 7.6 15.8 Birch Run Tup. 50,459 27,616 42.6 Blumfield Tup. 29,204 5.1 42,652 5.0 10.9 Brady Tup. 18,617 4.8 17,462 3.2 25.6 Brant Tup. 18 ,841 5.9 17,371 5.8 18.3 Chapin Tup. 12,454 5.3 11 ,150 2.8 28.1 Chesaning Tup. 38,601 8.6 38,312 6.6 41 .5 Frankenmuth Tup. 27,683 — 31,342 25.1 Fremont Tup. 18,028 4.4 22,937 5.0 21 .8 Oonesfield Tup. 20,980 3.7 21 ,178 7.9 3.4 Lakefisld Tup. 12,241 14,043 —— 8.5 Maple Grove Tup. 27,340 3.5 26,021 7.7 34.1 Marion Tup. 9,442 4.2 9,826 4.7 19.2 :ichland Tup. 38,916 9.3 33,685 8.2 36.4 St. Charles Tup. 27,520 5.8 25,275 4.7 24.1 jan Creek Tup. 31,545 — 15,425 —— 36.8 'iymouth Tup. 38,416 5,6 32,380 6.9 28.0 " :ral Tounships: tals & Averages 465,501 5.6 409,298 5.8 24.7 SAGINAU COUNTY: TOWNSHIPS Revenue ources 1970 SEU Local State Qther 8,455,900 35.2 61 .8 10,871,575 23.5 69.3 12,706,879 22.8 67.8 3,886,990 20.8 77.7 2,643,627 18.4 76.3 1 ,511,764 21 .5 70.7 15,517,073 39.0 52.9 11,417,401 36.6 55.6 3,980,000 20.7 77.7 6,928,154 32.1 56.6 2,798,413 24.7 68.9 7,805,489 '79.8 1,059,185 35.9 63.4 11,300,000 26.7 56.1 11,788,283 41.5 48.7 6,582,000 18.6 63.8 7,689,323 12.4 79.3 3.0 7.4 9.4 1 .5 5.3 7.8 8.1 7.8 1.6 11.3 6.3 20.2 .7 17.2 9.7 17.6 8.3 Expenditures Opr. Outlay "nTher' 7o. 3 85.3 91 .7 86.7 80.9 83.4 87.4 76.3 84.9 97.3 88.2 >84 0 99.2 35.8 80.4 92.2 86.5 1 .8 6.2 10.9 1.5 21 .5 8.5 8.3 13.3 19.1 5.7 12.6 22.2 15.1 2.7 11 .8 16.0 .8 14.2 19.6 7.8 13.1 Pre. 1970 Population 2,252 3,718 1 , £47 1 ,517 1 ,362 849 2,400 1 ,904 1 ,462 1 ,045 788 2,523 670 3,499 1 ,703 1 ,959 3 ,198 126,942,056 26.9 66.2 8.4 86.2 4.0 12.5 32,696 -16- STATE EQUALIZED VALUATION FOR RURAL SAGINAW COUNTY 1955 1961 1962 1963 196k 1965 1966 1967 1968 1969 Albee lfU08,700 3,437,641 3,430,074 3,411,774 3,415,650 3,448,388 3,k52,078 7,821,001 8,404,400 8,348,772 Birch Run 2t787,600 6,027,549 6,148,619 6,277,727 6,k97,88l 6,796,633 6,93k,10k 9,635,762 10,162,83k 10,770,090 Blum'field 3,495,550 9,743,404 9,837,900 9,859,259 9,906,337 9,980,840 10,021,145 11,005,362 11,213,858 11,451,359 Brady- i,502,250 2,611,980 2,616,450 2,619,081 2,629,307 2,987,299 2,800,619 3,587,732 3,610,75k 3,907,238 Brant J,185,600 1,818,582 1,827,930 1,819,176 1,828,520 1,841,385 1,896,303 2,119,278 2,k58,379 2,551,948 Chapin 791,300 1,381,302 1,382,911 1,38k,933 1,38k,988 1,396,475 1,39k,123 1,37k,591 1,396,971 1,475,644 Chesaning 4,657,400 9,949,631 10,1.14,716.»,255,421 10,424,851 10,707,949 11,221,978 15,660,519 14,693,032 15,361,930 Frankenmuth S,050,250 7,352,908 7,580,414 7,635,k31 7,739,256 7,984,368 8,lk9,757 10,321,635 10,668,13k 11,019,820 Fremont 1,468,300 2,830,k96 2,80k,970 2,800,168 2,807,830 2,830,732 2,866,88k 3,k80,657 3,896,31k 3,995,267 Jonesfield 2,380,300 4,596,345 4,600,420 4,678,497 4,728,731 4,750,095 5,062,499 6,700,650 6,870,839 6,885,105 Lakefield l,059,500 1,702,978 1,703,717 1,720,626 1,718,503 1,733,117 1,744,444 2,433,268 2,70k,568 2,76k,18k Maple Grove 1,743,100 3,520,199 3,569,57© 3,643,742 3,699,8k3 3,717,903 3,925,130 4,883,142 5,007,844 5,283,414 Marion 530,200 913,675 910,066 919,051 9kk,972 941,388 958,985 976,399 983,953 1,019,741 Richland 2,458,500 7,112,924 7,257,592 7,294,939 7,415,462 7,508,312 8,307,141 9,904,206 10,131,067 10,85k,k06 St. Charles 2,533,100 6,196,18k 6,427,692 6^520,932 6,587,862 6,713,835 6,836,288 9,571,255 10,220,758 11,569,047 Swan Creek 856,200 2,788,65k 2,878,068 2,928,638 3,Ol8,k9k 3,093,997 3,213,536 4,310,001 4,585,497 4,946,295 Taymouth 1,254,500 3,391,301 3,382,837 3,382,837 3,429,221 3,k98,kkO 3,632,67k 5,876,745 6,059,811 6,339,108 City of Frankenmuth Total not 10,373,371 11,483,64512,864,932 incorporated 38,162,750 85,659,124 87,893,886 93,017,164 13,781,303 91,959,011 13,78k,733 93,805,789 14,443,789 16,357,958 17,309,755 17,949,277 96,861,477 326, Offll, 145 130,378.768 136 .'492. 6k«? » * PROJECTED STATE EQUALIZED VALUATION FOR RURAL SAGINAW COUNTY 1970 1971 1972 1973 1974 1975 1980 1985 1*50 Albee 8,455,900 8,555,737 8,660,000 8,760,000 8,860,000 8,896,000 9,460,000 9,960,000 10,460,000 Birch Run 10,871,575 17,262,654 17,800,000 18,100,000 18,400,000 18,700,000 20,200,000 21,700,000 23,200,000 Bluaffield 12,706,879 13,300,230 13,400,000 13,500,000 13,600,000 13,700*000 14,200,000 14,700,000 15,500,000 Brady 3,886,990 5,762,262 5,800,000 5,840,000 5,880,000 5,920,000 6,120,000 6,320,000 6,520,000 Brant 2,6k3,627 2,770,968 3,900,000 3,940,000 3,980,000 . 4,020,000 4,220,000 4,420,000 4,620,000 Chapin 1,511,754 2,472,404 2,520,000 2,570,000 2,630,000 2,670,000 2,820,000 5,170,000 3,420,000 Ohesaning 15,517,073 19,239,784 19,896,000 20,396,000 20,896,000 21,396,000 23,896,000 26,396,000 28,596,000 Frankenmuth 11,417,401 12,960,860 13,260,000 13,560,000 13,860,000 14,160,000 15,660,000 17,160,000 18,660,000 Fremont 3,9S0,O75 4,140,055 4,180,000 4,220,000 4,260,000 4,300,000 4,500,000 4,700,000 4,900,000 Jonesfield 6,928,154 7,080,613 7,180,000 7,230,000 7,280,000 7,330,000 7,580,000 7,830,000 8,080,000 Lakefield 2,800,253 2,827,275 2,900,000 2,950,000 3,000,000 3,050,000 3,309,000 3,550,000 3,800,000 Maple Grove 7,805,484 7,839,339 8,040,000 8,240,000 8,440,000 8,640,000 9,640,009 xa,640,000 11,640,000 Marion 1,059,185 1,173,747 1,214,000 1,254,000 1,294,000 1,334,000 1,534,000 i,734,ooo 1,934,000 Richland 10,933,623 14,074,645 14,500,000 15,000,000 15,500,000 16,000,000 18,500,000 21,000,000 23,500,000 St. Charles 11,788,273 12,682,462 13,080,000 13,480,000 13,880,000 14,280,000 16,280,000 18,280,000 20,280,000 Swan Creek 6,582,132 7,227,800 7,500,000 7,800,000 8,100,000 8,400,000 9,900,000 11,400,000 12,900,000 Taymouth 7,689,323 7,886,204 8,086,000 8,860,000 8,486,000 8,686,000 9,686,000 10,686,000 11,686,000 City of Frankemuuth 19,336,113 22,659,225 23,669,000 "24,660,000 25,660,000 26,660,000 31,660,000 36,660,000 41,660,000 Total i 145,913,814J69,916,264175,576,000179,786,OQOI83,996,OOQ 188,206,000209,256,000230,306,000251,356,000 SUMMARY: STATISTICAL COMPARISON FOR SCHOOL DISTRICT FINANCES n u L M ubi'iJUL biUtniui^ Urban City of Saqinau Saginaw Township Bridgeport- Spaulding Buena Vista Carrollton Township Swan Valley Freeland School District Totals & Averaq 1970 Isvenues 19,434,025 5,279,909 2 , 9 4 4 , 028 2,857,859 1 ,395,739 1 ,222,087 963,319 34,096,967 . Annual Growth 195&--197Q 12.38 18.67 17.50 12.86 14.21 18.73 12.77 15.30 1970 Expenditures 18,561,773 4,888,389 2,910,009 2,838,783 1 ,395,739 1 ,183,221 985,979 32,863,893 Annual Growth 955-1970 12.10 18.31 16.40 12.54 14.32 1S.15 13.04 15.10 1970 State Equalized Jaluation 452,455,173 136,296,435 52,312,742 116,463,476 23,129,228 26,193,440 22,068,357 t 828,958,851 I960 3EV 3er Student 16,854 17,910 9,318 20,954 11,366 7,859 10,065 13,475 1968 Student Population 23 r441 5,809 4,380 3,803 1 ,942 1 ,736 1 ,551 42,662 1EVENUE: % Local 54.02 62.. 04 33.04 54.74 41 .36 33.85 37.01 45.15 % State 42.98 37.08 65.87 44.01 58.09 64.22 59.17 53.06 % Other 3.00 .88 1 .09 1 .25 .55 1 ,93 3.82 1 .79 EXPENDITURES: '• % Admin. 2.62 4.65 25.77 4.37 3.75 5.22 4.92 4.26 % Instr. 75.62 69.40 69.23 59.94 73.25 60.07 68.69 68.03 % Opin. 11 .36 11.46 * 10,87 13.55 8.57 12.59 11 .40 % Plaint. 2.68 1 .45 * 2.60 1 .12 1 .40 1 .54 1 .80 % Capital .72 2.83 2.11 1 .07 1 .48 1 .76 1 .57 1 .65 % Fx. Chg. 1 .39 1 .25 2.52 .94 1 .33 1 .26 .85 1 .36 % Other 5.61 8.56 .37 10.21 5.52 21 .72 9.84 8.90 .968 Expenditur ar Student e 574.70 606.27 503.58 600.92 480.52 538.17 508.52 544.67 -19- RURAL SCHOOL DISTRICTS Chesaning Union Birch Run Area St. Charles Hemlock Public Frankenmuth Plerrill Community Rural School Districts Totals & Average 1970 Revenues 2,052,511 1 ,384,587 1,102,363 1 ,098,144 866,454 813,925 7,317,984 % of 1970 Revenues 13.71 16.55 18.25 13.54 15.06 12.73 14.97 1970 Expenditures 1 ,983,793- 1,390,411 1,050,984 989,452 930,871 795,723 7,141,234 % of 1970 Expenditures 12.44 17.07 17.11 11 .84 16.00 12.44 14.48 1970 State Equal¬ ized Valuation 35,090,995 17,449,245 16,506,972 28,153,491 39,367,384 14,616,738 151 ,184,825 1960 SEV Per Student 10,032 6,543 7,870 14,551 34,202 10,472 13,945 1968 Student Population 3,265 2,186 1 ,558 1 ,440 988 1 ,173 10,610 REVENUE: % Local 27.30 20.95 26.60 39.99 25.69 33.98 29.08 % State 72.58 76.64 71 .13 58.77 73.54 65.11 69.63 % Other .02 2.41 2.27 1 .24 .77 .91 1 .27 EXPENDITURES: % Admin. 4.27 4.06 5.62 5.04 5.01 5.89 4.98 % Instr. 67.29 65.30 65.93 63.65 62.85 66.51 65.26 % Opin. 10.60 8.90 9.43 9.en 9.66 10.69 9.85 % Plaint. 1 .53 2.17 1 .04 1.37 3.18 1 .84 1 .86 % Fx Chg. 1.10 2.60 1 .09 1 .18 2.65 1 .29 1 .48 % Capital 1 .55 2.47 1 .97 1 .34 2.99 1 .95 2.04 % Other 13.66 14.50 14.92 17.62 13.66 11 .83 14.36 1968 Expenditures Per Student 472.80 494.42 518.26 566.30 -20- 708.30 504.09 544.03 SUMMARY: REVENUE, EXPENDITURES, AND BALANCE PROJECTION SUMMARIES FOR SCHOOL DISTRICTS PROJECTED REVENUES 1971 1972 1973 1974 1975 1980 1985 1990 iiirch Run Area Schools 1 ,572,072 1,709,569 1 ,847,066 1,984,563 2,122,060 2,809,545 3,497,030 4,184,515 :;ridgeport-Spaulding Com. Schools 3,404,970 3,710,463 4,015,956 4,321 ,449 4,626,942 6,154,407 7,681,872 9,209,337 3uena Vista Schools 2,865,272 3,076,925 3,208,578 3,500,231 3,711,884 4,770,149 5,828,414 6,886,679 arrollton School District 1 ,561,739 1,667,405 1 ,773,071 1 ,878 ,737 1 ,984,403 2,512,733 3,041,063 3,569,393 ;hesaning Union Schools 2,199,045 2,345,579 2,492,113 2,638,647 2,785,181 3,517,851 4,250,521 4,983,19 i rankenmuth Schools 942,625 1 ,018,796 1 ,094,967 1 ,171 ,138 1 ,247,309 1 ,628,164 2,009,019 2,389,874 reeland Community Schools 1 ,030,252 1,097,185 1 ,164,118 1 ,231 ,051 1 ,297,984 1 ,632,649 1 ,967 ,314 2,301 ,979 -emlock Public Schools 1 ,175,983 1 ,253,822 1,331,661 1,409,500 1 ,487,339 1 ,876,534 2,265,729 2,654,924 errill Community Schools 879,210 944,495 1,006,780 1,069,065 1,131 ,350 1 ,457,775 1 ,784,200 2,110,625 ity of Saginaw School District 20,952,292 22,470,558 23,988,824 25,507,090 27,025,356 34,616,686 42,207,952 49,799,282 ;aginau Township Com. Schools 5,809,030 6,338,151 6,867,272 7,396,393 7,925,514 10,571,119 13,216,724 15,862,329 ■t. Charles Com. Schools 1 ,208,200 1 ,314,037 1,419,874 1,525,711 1,631,548 2,160,733 2,689,918 3,219,103 >uan Valley School District 1 ,342,323 1,462,559 1,582,795 1,703,031 1,823,267 2,424,447 3,025,627 3,626,80? TOTALS 44.943,013 48,409.544 51 .873.075 55,336,606 58 ,800 .137 76.132.792 93,465.383 110,798,038 slta College 6,581,000 7,125,609 7,670,213 8,214,827 8,759,436 11 ,482,481 14,205,526 16,928,571 OTAL 51 .524,013 55.535.153 59.543.293 63.551.433 67,559.573 87.615.273 107.670.909 127.726,609 -21 PROJECTED EXPENDITURES 1971 1972 1973 1974 1975 1980 19e5 1990 Birch Run Area Schools 1 ,550,060 1,687,927 1 ,825,794 1 ,963,661 2,101 ,520 2,790,863 3,480,198 4,169,533 Bridgeport-Spaulding Com. Schools 3,404,970 3,701 ,580 3,998,206 4,294,824 4,591,442 6,074,532 7,557,622 9,040,712 Buena Vista Schools 2,830,783 3,050,955 3,263,127 3,475,299 3,687,471 4,748,331 5,809,191 6,870,051 Carrollton School District 1,561,739 1 ,667,390 1 ,773,057 1 ,878,716 1 ,984,375 2,512,670 3,040,965 3,569,624 Chesaning Union Schools 2,119,157 2,254,521 2,389,885 2,525,249 2,660,613 3,337,433 4,014,253 4,691,073 Frankenmuth Schools 937,509 1,015,018 1,092,527 1 ,170,036 1 ,247,545 1 ,635,090 2,022,635 2,410,180 Freeland Community Schools 1,055,169 1 ,124,359 1 ,193,549 1,262,739 1,331,929 1 ,677,879 2,023,829 2,369,779 Hemlock Public Schools 1,056,392 1 ,123 ,332 1 ,190,372 1 ,257,212 1,324,152 1 ,658,852 1 ,993,552 2,328,252 Merrill Community Schools 858,363 921,003 983,643 1 ,046,283 1 ,108,923 1,422,123 1 ,735,323 2,048,523 City of Saginau School District 20,119,576 21 ,577,379 23,035,182 24,492,985 25,950,788 33,239,803 40,528,818 47,817,833 Saginau Township Com. School 5,364,940 5,841,491 6,318,042 6,794,593 7,271 ,144 9,653,899 12,036,654 14,419,409 St. Charles Com;. Schools 1,150,011 1,249,038 1,348,065 1 ,447,092 1 ,546,119 2,041,254 2,536,389 3,031,524 Swan Valley School District 1,301,426 1,419,631 1 ,537,836 1,656,041 1 ,774,246 2,365,271 2,956,296 3,547,321 TOTALS 43.318.095 46.633.640 49,949.185 53,264.730 56,580,275 73,158,000 89.735.725 106.313.814 Delta College 6,581 ,000 7,120,555 7,660,110 8,199,665 8,739,220 11 ,436,995 14,134,770 16,832,545 TOTALS 49.899,095 53.754.195 57.609,295 61.464.395 65.319.495 84.594.995 103,890,495 123.146.3S9 -22- BALANCES 1971 1972 1973 1974 1975 1980 1985 1990 Birch Run Area Schools 22,012 21,642 21 ,272 20,902 20,532 18,682 16,832 14,962 Bridgeport-Spaulding Com. Schools 0 8 ,875 17,750 26,625 35,500 79,875 124,250 168,625 Buena Vista Schools 26,489 25,970 25,451 24,932 24,413 21 ,818 19,223 16,628 Carrollton School District 0 7 14 21 28 63 98 -231 Chesaning Union Schools 79,888 91,058 102,228 113,398 124,568 180,418 236,268 292,118 Frankenmuth Schools 5,116 3,778 2,440 1 ,102 -236 -6,926 -13,616 -20,306 Freeland Community Schools -24,917 -27,174 -29,431 -31,688 -33,945 -45,230 -56,515 -67 ,800 Hemlock Public Schools 119,591 130,490 141 ,389 152,288 163,187 217,682 272,177 326,672 Merrill Com. Schools 20,847 23,492 23,137 22,782 22,427 35,652 48,877 62,102 City of Saginaw School District 832,716 893,179 953,642 1 ,014,105 1 ,074,568 1 ,376,883 1 ,679,134 1,981,449 Saginaw Township Com. Schools 444,090 496,660 549,230 601,800 654,370 917,220 1 ,180,070 1,442,920 St. Charles Com. Schools 58,189 64,999 71,809 78,619 85,429 119,479 153,529 187,579 Swan Crsek School District 40,897 42,928 44,959 46,990 49,021 59,176 69,331 79,486 TOTALS 1 .624.918 1 ,775.904 1.923.890 2.071 .876 2,219 .862 2,974,792 3,729.658 4,404,224 Delta College 0 5,054 10,108 15,162 20,216 45,486 70,756 96,076 TOTAL 1 ,624.918 1 .780.958 1 ,933,998 2.087.038 2.240,078 3.020.278 3.800.414 4,580,250 i -23 SUMMARY: HISTORICAL AND PROJECTED STATE EQUALIZED VALUATION FOR SCHOOL DISTRICTS 1961 1962 1963 Birch Run Area School 8,538,801 8,696,626 8,810,650 Bridgeport- Spaulding Com. Schools 22,580,031 Busna Vista Schools Carrollton Sch. District 18,097,460 Chesaning Union Schools 19,639,422 Frankenrnuth Corn. Schools ■ 22,418 Freeland Com. Schools \ Hemlock Public Schools lerrill Com. Schools 10,445,055 12,503,472 ity of Saginau Sch. District 360,319,513 aginau Tup. Com. Schools 59,966,170 24,155,392 24,667,914 48,504,568 51,401,995 51,425,450 18,288,555 19,021,337 20,077,591 20,691,379 24,117,841 25,502,430 10,846,771 11,392,002 12,805,799 13,641 ,106 9,387,461 8,846,000 8,914,372 t. Charles Com. Sch. jan Valley ich. Dist. JTAL 8,113,053 8,971 ,987 366,175,231 368,410,669 65,341,332 69,414,740 7,973,725 8,181,330 9,178,905 9,618,275 ■ u . i vj jl jo i !u u l u 10 i ttil fb 1964 1965 1966 1957 1968 1969 8,987,264 9,217,264 9,569,156 9,845,053 14,303,544 15,991,236 25,342,156 26,425,541 27,504,049 28,996,544 40,816,340 44,638,615 53,377,028 56,185,327 58,068,941 67,957,229 79,690,013 106,276,507 19,334,056 19,875,949 20,703,874 22,141,861 22,451,013 22,325,754 21,078,558 21,310,485 22,114,532 22,361,328 32,755,396 34,228,461 26,932,655 28,018,325 28,333,796 29,241,269 33,792,544 36,996,051 11,555,172 11,957,455 12,449,594 13,141,140 15,611,914 17,646,333 13,657,002 14,145,190 14,450,664 15,835,715 20,954,120 27,357,190 8,896,726 8,989,165 9,492,129 9,935,483 12,284,512 14,249,442 369,650,341 373,289,721 381,323,416 395,117,768 395,089,171 422,445,658 73,798,018 79,940,766 83,894,502 91,634,432 104,042,770 120,601,567 8,381,580 8,510,504 8,689,023 9,063,610 12,261,914 14,965,830 9,994,392 10,482,712 11,007,951 12,232,741 13,643,900 23,235,763 -24- S.t.W. tor SCHOOll DISTRICTS 1970 1971 * 1972 1973 1974 1975 1900 1985 1990 Birch Run Area Schools 17,449,245 22,500,000 24,000,000 24,500,000 Bridgeport- Soaulding Com. Schools 52,312,742 55,231,000 58,631,000 61,031,000 25,000,000 25,500,000 27,500,000 30,000,000 32,500,00s 63,431,000 65,831,000 77,831,000 89,631,000 101,831,001 Buena Vista Schools 116,463,476 124,500,000 130,500,000 136,500,000 142,500,000 148,500,000 178,500,000 205,000,000 235,000,00- Carrollton Sch. District 23,129,228 26,598,612 27,600,000 28,600,000 Chesaning Union School 35,090,995 39,500,000 40,200,000 41,100,000 Franksnmuth Sch. 39,367,384 41,500,000 43,500,000 45,500,000 22,068,357 23,050,000 24,050,000 25,100,000 Freeland Com. School Hemlock Public Schools 28,153,491 29,000,000 29,800,000 30,600,000 Plerrill Com. Schools City of Sag. Sch. Dist. Saginaw Tup. Com. Sch. St. Charles Com. Sch. Suan Valley Sch. Dist. 14,616,738 14,750,000 14,875,000 15,000,000 452,495,173 473,600,000 494,700,000 515,800,000 136,296,435 146,403,000 156,403,000 166,403,000 16,506,972 17,000,000 17,500,000 18,000,000 26,193,440 28,700,000 31,200,000 33,700,000 -25- T0TAL fiacres after 1970 are oroiected. 29,600,000 30,600,000 35,600,000 41,600,000 46,600,001 41,700,000 42,400,000 55,000,000 80,000,000 92,000,00r 47,500,000 49,500,000 59,500,000 69,500,000 79,500,001 26,100,000 27,100,000 33,500,000 40,000,000 50,000,001 31,400,000 32,200,000 36,200,000 40,200,000 44,200,Q0C 15,125,000 15,250,000 15,875,000 16,500,000 1?,125,00C 536,900,000 548,000,000 653,500,000 758,000,000 864,500,000 176,403,000 186,403,000 250,000,000 315,000,000 365,000,000 18,500,000 19,000,000 21,500,000 24,000,000 26,50Q,00C 36,200,000 38,700,000 41,200,000 53,700,000 66,200,000 #■ FINANCIAL INVENTORY AND ANALYSIS()FOR SAGINAU COUNTY GOVERNMENT FINANCIAL INVENTORY AND ANALYSIS FOR SAGINAU COUNTY GOVERNMENT The chart on page 33 shows historical data on total revenues from 1959 to 1969 for Saginaw County govern¬ ment. Due to the fact that the State Department of Treasury did not publish reports on county government in 1962 and 1963, no data is available for these.two years. On the same page are summaries portraying the source of revenues and pattern of expenditures as expressed in percentages for the years 1967, 68, and 69. Complete breakdowns of revenues and expenditures from 1960 to 1969 are shown on pages 29 and 30 As can be seen from this data, the greatest share of county revenue comes from property taxes—the actual percentage increasing to reflect the courthouse complex tax. The only other major source of funds is revenue from other agencies. This includes a returned share of state sales tax, state income tax, and other state taxes. It also includes a return on gasoline tax for County Road Commission purposes and the federal aid used by the county. The proportional increase in revenues from I960 to 1969 is approximately shared by county taxes and revenue from other agencies. Expenditures heve generally risen evenly for the various county functions with the exception of capital outlay— which has increased tremendously with the construction of the new governmental complex. Operational expenses have also increased considerably with one major reason probably being the increased wage demands made by public employees. This is in keeping with nationwide trends where public employees are beginning to catch up with the consider¬ able wage increases received by employees in the private sector. Expenditures are currently beginning to top revenues, but this problem will likely cease to be critical once the courthouse complex is completed, The increased tax revenue is net solely due to the courthouse millage. A considerable share can also be attributed to the increased tax base as shown by state equalized valuation. The chart on page 28 shows that state equalized valuation has, increased nearly a full third from 1960 to 1969. Much of this is due to the development a full time staffed equalization department that has made studies to bring state equalized valuation closer to state standards. Some of the increase, however, is due to the natural growing tax base caused by new develo ments in the county. With most of the county having been reevaluated by the county equalization department, short term growth should continue, but primarily on the basis of new developments rather than further studies. -27- Year 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (10% of S.E.V.) Available 619,379,bOO 1970 991,415,768 99,141,577 637,019,900 1971 1,041,415,768 104,141,577 647,323,600 1972 1,091,hi 5,768 109,141,577 658,887,500 1973 1,141,415,768 114,141,577 675,018,100 1974 1,191,415,768 119,141,577 694,661,248 1975 1,241,415,768 124,141,577 733,846,239 1980 1,441,415,768 144,141,577 813,710,036 1985 1,641,415,768 164,141,577 869,147,361 19 90 1,841,415,768 184,141,577 909,263,788 -28- SAGINAU COUNTY REVENUES 1950 1961* 1964 1965 1966 1967 1968 1969 Taxes 2,689,721 3,011,488 3,062,922 3,566,773 3,771,906 4,650,188 5,345,359 5,924,447 Non-Business Licenses2 and Permits 55,164 48 ,083 88,487 Susiness Licenses anc£ Permits 149,935 164,315 214,548 239,484 244,642 3,544 22,437 74,169 fines, Forfetures, and2 Penalties 56,751 59,554 84,025 Use of Money and Property^ 429,841 687,562 766,570 Revenue From Other Agencies^ 3,876,231 4,584,722 5,387,038 Revenue From Current^ Services 313,091 458,714 410,023 Sales^ 79,286 .6,357 23,332 Reimbursements 7,285 10,592 14,977 8,891 5,270 205,011 292,829 274,621 Refund and Rebates 559,330 311 ,173 389,633 474,366 1,049,844 3,789 15,453 10,158 Highways (State Aid^ 1 ,823,991 1 ,808,168 2,015,102 2,172,686 2,217,435 Health & Uelfare (State Aid)^ 663,445 817,366 1 ,565,103 1 ,565,375 1 ,448,363 Other (State Aid)4 13,502 12,200 4,056 3,145 3,218 Miscellaneous 753,153 762,288 930,635 548,176 578,785 TOTAL 6,660.360 6.897.590 7 ,787 ,976 8 ,528 ,896 9,319,463 9.672,080 11 .521,080 12.954.383 3EV 619,379,400 S37 ,019,900 675,081,100 694,661,248 733,846,279 813,710,036 869,147,361 909,263,783 ^ f\io Report for the years 1962 and 1963 Prior to 1967 all these were included as Miscellaneous "Prior to 1967 all these uere included under Business ^Prior to 1967 "Revenue from other Agencies" was broken doun into \ a o h d = r> m ■; 4- o Hinhuavs. Health & Uelfare, and Other State Aid. SAGINAW COUNTY DISBURSEMENTS 1950 1 961 ^ 1964 1965 1956 1967 1968 1969 ? Legislative 45,702 59,471 102,262 9 Judicial^ 623,265 634,507 833,568 General County Govern-2 ment 1,044,287 1 ,079,491 1 ,169,765 1 ,348,961 1 ,582,472 595,698 774,149 816,095 Public Safety2 476,020 513,285 585,597 Health^ 2,596,345 2,897,421 3,497,847 3,660,156 3,960,478 1 ,036,854 1,301,506 1,625,343 Uelfare^ -• 2,478,870 1,942,560 2,330,932 Roads 1,981,261 2,123,466 2,215,080 2,118,974 2,442,234 2,571,613 2,724,039 2,982,111 Drains 462,520 623,391 236,643 359,689 263,152 306,425 554,490 771,412 Libraries 52,875 53,891 41 ,514 Recreation, Retire, and Social Security 96,069 115,409 147,833 Advert and Promotion, Other 1 ,052 8,607 6,793 11 ,335 50,007 1 ,000 89,802 126,160 Total by Function 6,085,475 6,732,377 7,126,128 7,499,115 8,298,343 8,397,018 8,763,109 10,363,827 Capital Outlay 250,692 278 ,019 673,349 376,049 910,501 3,386,748 2,275,520 3,022,819 Interest on Debt 1 ,233 918 " 3,822 3,078 161 ,194 276,270 265,283 1959 Expenditures by Function u/ith Capital & Interest 6,337,400 7,011 ,313 7,803,299 7,878,242 9,208,844 11 ,944,960 11 ,314,899 13,651,929 ^No Report for 1952 and 1963 2 Grouped as Admin, from 1960 to 1966 & Operating • I expenses "^Grouped Medical as Hlth. , expenses Wlfre. , & from 1960 to FINANCIAL FORECAST FOR SAGINAU COUNTY GOVERNMENT 1970 TO 1990 The following estimates for the County's future financial activity are based primarily on the County's financial history from 1959 to 1969 as detailed in the annual Financial Report of Michigan County Government prepared by the State Deparment of Treasury. As with all projections in this report it is assumed that this historical pattern will continue without significant change for the next two (2) d ecades. Many pttempts were made to make the projections and the results varied widely. Projections were made based on the average rate of annual change during the 60's and again on the average amount of change. Different vari¬ ables such as per capita expenditures, operating costs versus capital costs, current tax levy versus special millages, and population change were considered at one time or another. The following procedures were finally considered the most satisfactory. Projecting Revenues; Revenue projection is based on an average increase of $670,505 annually from 1959 to 1969. Using the alternative of a 1.12% annual increase resulted in a 1990 figure more than twice as large because of the compounding nature of such a rate. The annual increase includes the considerable boost to county income by the special courthouse millage from 1967 to 1969. However, this is a twenty (20) year millage and it is not con¬ sidered detrimental for the forecast. Even when the mill- age drops off, it can be expected that increased valuation of county property, inflation, and increases in state and federal aid will at least make up fur the lost revenue, Projecting Expenditures; Expenditures projection was more difficult and finally resulted in one method being used through 1975 and another for the following fifteen (15) years. Through 1975 as annual increase of $478,372 was used as determined from 1959 to 1969 records. This rrndthoti was used because it more closely approximated the current expenditures related with the new Court Hpuae Complex. The following fifteen (15) years, however, were projected by determining the average rate of general operating expenditures per capita during the 1960's, projecting this rate for the next two (2) decades and multiplying the figure by the anticipated population. Population was determined by using 8Q$ the additional growth projected by Real Estate Research Corporations This is compatible with their accuracy in the 1970 census. Added to the general operating costs were the estimated long-term obligations for the Court House Complex and existing bonded issues. 'his latter method provided the best available data interrelationships for long-range projection. State Equalized Valuation Projections; Using the 1970 County SEV as a base, SE\l was projectec as an annual increase of 050,000,000*' through 1975, and 0200,000,000 for each five (5) year period thereafter. Projections for SEV beyond 1975 prove difficult. Borrowing power for the County is shown on two (2) charts: One for general obligation bonds and another for special assessment and revenue bonds. The existing bonded in¬ debtedness reflects committed projects for the next twenty (20) year period. It would appear as though county financos are adequate for the next two (2) decades but that flexibility and innovation are limited by the relatively low balance between revenues and expenditures. 1 Source: County Equalization Department -32- FINANCIAL DATA HISTORICAL DATA Year Revenues Expenditures 1959 6,249,339 5,899,075 1960 6,660,360 6,337,400 1961 6,897,590 7,011,313 1962 No Data No Data 1963 No 'Data No Data 1964 7,787,976 7,803,299 1965 8,528,896 7,878,242 1966 9,319,463 9,208,844 1967 9,672,896 11,944,960 1968 11,521,080 11,314,899 1969 12,954,383 13,651,929 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 46.57 40.51 12.92 PROJECTION FOR SAGINAU COUNTY PROJECTIONS Year Revenue Expend! tures Balance 1970 13,624,888 14,127,301 -502,413 1971 14,295,393 14,602,673 -307,280 1972 14,965,446 15,078,045 -112,599 1973 15,635,951 15,553,417 82,534 1974 16,306,456 16,028,789 277,667 1975 16,976,961 16,504,161 472,800 1980 20,329,486 18,528,497 1,800,989 1985 23,682,011 23,024,802 657,209 1990 27,034,536 26,630,827 403,709 PATTERN OF EXPENDITURES (3.955-1969) Percent General Operating Costs Capital Outlay 16.5 15.0 Miscellaneous 30.6 Annual Increase 36.8 Amount of Annual Increase 1.1 *» CITIES IN SAGINAU COUNTY CITIES IN SAGINAU COUNTY In this section basic inventory, analysis and forecasts are presented for each of the three cities in Saginaw County. The cities are the City of Saginaw, City of Frankenmuth, and City of Zilwaukee. For eaoh city data will be shown on revenues and expenditures, state equalized valuation, bonded indebtedness, tax rates and other information that is relevant. This data will be in historical existing, and projected financial data. The data for the City of Saginaw is from their annual audit reports; For the cities of Frankenmuth and Zilwaukee the data base is primarily from annual reports to the Michigan Municipal Finance Commission. A statistical analysis comparing the cities will be made but this will not be made in attempt to evaluate the effectiveness of one city compared with another. It should be cautioned that any attempt to utilize the data in this fashion would be misleading because differing, resources, local objectives, even basic differences in scale of operations make such comparison virtually useless. City of Saginaw Inventory and Analysis The following breakdown of revenues and expenditures from the City of Saginaw is extracted from their Annual Financial Report, prepared after their audit. It should be noted that this includes only general fund revenues and expenditures and does not include water, sewer, parking, or other funds that are, or should be, self-supporting. City property tax rates are shown on page 46 for a brief historical period. The City Income Tax, however, now exceeds the general property tax as the largest source or revenue. Property taxes did go up for the 1971-1972 fiscal year. Bonded Indebtedness data is summarized on page 39 . This is directly reproduced from the City Financial Report. The most important factor to be noted in relation to the City of Saginaw is the increase in revenue beginning in 1966 reflecting the income tax levied since then. The past fiscal year, however, has shown a problem that can result in reliance on this tax. The 1970-71 budget suffered severely when the General Motors strike reduced taxable income for a several month period. This perhaps best illustrates the desirability of a fairly well balanced tax structure. Without still having some property tax base to assist during this austers period, the blow to the city would have been devestating. State equalized valuation for the City of Saginaw is shown on page 39 . The city SEl/ growth is at a lesser rate than the county as a whole. One reason is that it is already intensely developed. Another explanation is" the turnover of considerable private property to the publi sector for 1-675, the Civic Center, County Governmental Complex and similar functions. City of Saginaw Financial Forecast 'The chart on page 38 shows the financial projection for the,City of Saginaw. The following procedures were developed for projecting this financial data; Revenues; Revenues were projected for the City of Saginaw with some difficulty. After using many methods to make them, projections were eventually based on per capita increase in revenues from 1960 to 1970, projecting this increase to 1990,° and multiplying by the projected population. 1975, 1980, and 1985 figures were arrived at by interpolating 1970 and 1990 data. This method seemed to be the most reasonable approach to forecasting revenues Expenditure projections were based on an average balance of revenues over expenditures from 1955-1970 and this balance kept constant through 1990. This is because no other reliable index could be made for forecasting expenditures and because it is anticipated that public needs will require nearly complete use of limited revenues at all times. REVENUES AND EXPENDITURES FOR THE CITY OF SAGINAW 1955-1956 1956-1957 1955-1961 1957-1958 1958-1359 1959-1960 1960-1961 1961-1962 General Property Tax 1 1 ,835,556 $ 1 ,904,604 $ 2,400,455 $ 2,500,350 $ 2,967,814 $ 2,994,967 $ 2,928,415 Gas & Weight Tax (state) 846,440 848,743 841,184 817,523 Sales Tax (state) 747,775 749,558 737,483 704,974 774,636 634,309 649,380 Intangible Property Tax (state) 138,448 138,448 139,377 138,448 138,557 118,378 120,406 Liquer Licenses (state) 49,173 48,644 48,810 51,006 49,206 49,164 49,800 Franchise Tax 1 ,806 1 ,806 1 ,698 486 City Income Tax Dept. & Misc. Revenues 1,501,467 1 ,296,000 1 ,249,972 1,286,722 2,124,102 2,436,058 1 ,867,532 Write-off Deductions 1 ,472 3,285 3,393 3,857 3,587 5,169 4,492 Total Revenues 5,119,192 4,984,517 5,415,586 5,495,653 6,050,727 6,232,706 5,631,040 Public Improvements 1 ,264,587 1,018,844 586,131 332,722 580,855 301,473 610,839 Operating'Expenses 3,691,775 4,282,803 4,689,981 5,005,391 5,074,930 5,288,652 5,671,150 Total Expenditures 4,956,361 5,301,647 5,276,112 5,338,113 5,655,785 5,590,125 6,281,989 Balance of Revenues 162,831 -317,130 139,474 157,540 394,941 642,581 -650,949 over Expenditures -36- REVENUES AND EXPENDITURES FOR THE CITY OF SAGINAU 1962- -1969 1952-1963 1963-1964 1964-1965 1965-1966 196S-1967 1967-1968 1968-1969 1969-1970 General Property Tax $ 3,502,507 $ 3,522,655 | I 3,567,539 $ 2,179,754 $ 2,262,998 I 2,254,873 $ 2,344,952 1 2,405,729 State Income Tax 74,634 321 ,124 411,471 to! .Sales Tax (state) 702,151 746,343 812,139 907,396 940,785 995,778 1 ,100,856 1 ,163,706 LJf gjlntangible Property Tax ujj (state) Pi 118,900 118 ,901 119,883 118,901 119,883 118,901 118,901 118,883 U3 tc'Liquor Licenses 50,205 49,945 50,302 52,003 50,703 50,125 50,144 48,255 City Income Tax 2,292,048 3,105,458 3,367,490 3,691,598 3,653,553 Dept. & Misc. Revenue 2,031,667 2,111 ,911 2,164,986 2,004,912 2,359,774 2,540,569 2,733,983 2,747,862 Write-off Deductions 5,338 3,489 2,300 5,214 12,598 6,355 4,536 7,592 coj [Total Revenues 6,399,793 6,546,275 6,712,549 7,549,800 8,827,003 9,396,015 10,356,022 10,542,867 u| cc H Public Improvement 626,432 601,430 1 ,053 ,896 1 ,215,851 1,558,649 1 ,845,507 1 ,956,343 M! 5 A i'i! | :Opcrating Expenses 5,799,988 5,769,793 5,813,054 6,026,588 6,800,604 7,342,404 3,172,572 9,579,931 i A.! -• 19722 13,057,650 13,057,650 Budgeted 1961 6,232,706 5,590,125 1973 13,822,085 13,700,637 121,450 1962 5,631,040 6,281,989 1974 14,586,520 14,465,072 121,450 1963 6,399,79.3 6,426,421 1975 15,350,955 15,299,507 121,450 196k 6,5^6,275 6,371,224 19 80 20,311,102 20,189,654 121^450 1965 6,712,549 6,867,750 1985 29,558,192 29,4-36,744 121,450 1966 7,549,800 7,242,539 1990 39,090,240 38,968,792 121,450 1967 8,827,003 8,359,253 1968 9,396,015 9,187,911 Historical 1969 10,356,022 10,128,915 Historical Includes gas and weight fund of 810,000 and grants and 1970 10,542,867 10,454,851 Historical donations of 202,000 as in previous years. SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 23.3 21.5 55.2 6.1 $390.101 PATTERN OF EXPENDITURES (.1955-1969) percent Gonoral Operating Costs Capital Outlay (public improvements) Miqcellanoous Annual Increase Amount of Annual Increase 57.3 15.3 27.4 .4 6.2 $>403,275 Year 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY FOR CITY OF SAGINAU HISTORICAL DATA State Equalized Valuation Indebtedness Year State Equalized Valuation Committed Bonded Indebtedness Bonding Capacity (10% of S.E.V.) Balance Available 348,579,073 350,506,407 352,184,725 356,613,770 363,246,949 377,065,951 373,789,016 388,996,91b 399,126,835 430,081,448 1971 453,000,000 45,300,000 1972 473,000,000 47,300,000 "'973 493,000,000 49,300,000 197k 513,000,000 51,300,000 197 5 533,000,000 53,300,000 1980 623,000,000 62,300,000 1985 723,000,000 72,300,000 19 90 823,000,000 82,300,000 -39- Lines or rrariKenmutn ana iiiuauKee; Inventory and Analysis The primary source of financial data for Frankenmuth and Ziluaukee are their annual reports to the Michigan Municipal Finance Commission. Additional information for 1969 and 1970 was obtained from their budgets of those years. An evaluation of Ziluaukee is not possible in much detail as the City has been incorporated for such a relatively brief time. The City of Frankenmuth, houever, presents a longer, though still limited period for evaluation. Financial data for Frankenmuth and Ziluaukee are on pages 42 and 44 respectively. State equalized valuation historical record and fixed annual projections are shown on pages 43 and 45 . City of Ziluaukee SE\l has dropped some recently and v 1 can expect to drop some more until Consumers Pouer finally phases out its power plant. This data is from the county equalization director. Tax rates are shoun on page 46 Cities of Frankenmuth and Ziluaukee; Forecast Forecasts for these cities are shoun on the same pages as the financial inventory. These projections are based on an annual average increase as determined from past experience rather than being determined by an annual percentage increase. The fixed amount is noted uith the projections. In addition, the financial projections of all three cities are compared on page 8.- FINANCIAL DATA AND PROJECTION FOR CITY OF FRANKENMUTH HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 (i year) 109,579 94,981 1972 638,761 637,633 1 ,122 1959 207,591 162,535 1973 672,761 670,517 2,244 1963 333,461 264,618 1974 706,761 703,395 3,366 1964 485,379 407,490 1975 740,761 736,273 4,488 1965 430,616 426,597 1980 910,761 900,663 10,098 1970 553,856 553,856 Budget 1985 1,080,761 1,065,053 15,708 1971 604,761 604,761 Budget 1990 1,250,761 1,229,443 21,318 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 034,000 PATTERN OF EXPENDITURES (.1955-1969) percent Gonoral Operating Costs Capital Oqtlay Miscellaneous Annual Increase Amount of Annual Increase $32,878 1961 ?962 1963 1964 1965 1966 1967 1968 1969 1970 1971 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY FOR CITY OF FRANKENMUTH HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (10$ of S.E.V.) Available 10,373,371 1972 23,500,000 11,483,645 1973 24,500,000 12,864,932 1974 25,500,000 13,781,303 1975 26,500,000 13,784,733 1980 31,500,000 14,437,789 1985 36,500,000 16,357,958 1990 41,500,000 17,949,277 19,236,113 22,659,225 -43- FINANCIAL DATA AND PROJECTION FOR CITY OF ZILUAUKEE HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1965 64,663 47,184 1971 155,246 142,477 12,769 1966 73,451 54,606 1972 164,000 152,500 12,000 1967 74,064 76,923 1973 172,664 162,500 10,164 1968 121,101 153,938 1974 181,373 172,500 8,873 1969 143,643 108,377 1975 190,082 182,500 7,582 1970 146,537 132,537 1980 233,625 232,500 1,125 1985 277,172 282,500 -5,328 1990 320,717 332,500 -11,783 SOURCE OF REVENUE (1955-196B) Percent Local Tax Collection 72.9 State Collected Taxes 20.1 Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 7.0 :,709 7.5 PATTERN OF EXPENDITURES (1955-1969) percent General Operating Costs 44.2 Capifc§i Outlay 13.3 Miscellaneous Annual Increase Amount of Annual Increase 42.5 $10,000 /. /. STATE EQUALIZED UALUflTIQIM AND BONDED DEBT CAPACITY FOR CITY 0F _Z ILUAUKEE HISTORICAL DATA State Equalized Year Valuation Indebtedness 1964 11,373,984 1965 12,513,908 1966 12,612,738 1967 13,727,480 1968 1969 14,950,935 1970 13,753,000 1971 13,661,203 State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (10% of 5.E.V.) Available 1972 13,900,000 1973 13,950,000 1974 14,000,000 1975 14,050,000 1980 14,250,000 1985 14,500,000 1990 14,750,000 -45- APPROXIMATE EQUALIZED PROPERTY TAX RATES IN MILLS FOR CITIES County Tax 1970 City Tax School Tax Total Tax County Tax 1969 City Tax School Tax Total Tax 1968 Total Tax SAGINAW Total 43.49 42.15 41 .19 Summer — 10.24 25.80 36.54 __ 9.30 25.80 35.10 34.34 Winter 7,25 — 7.25 7.05 7.05 6.85 FRANKENMUTH Total 42.77 37.36 35.75 Summer — 10,87 10.87 — 9.76 -— 9.76 9.35 Winter 8.00 23,90 31 .90 7.80 19.80 27.36 26.40 ZILWAUKEE Total 53.90 50.50 46.65 Summer — 20.85 20.85 — 17.65 17.65 13.00 Winter 7.25 25.80 33.05 7.05 25.80 32.85 32.65 Source: County Equalization Department -46- VILLAGES VILLAGES Inventory and Analysis The data used in the financial inventory for villages was extracted from their annual reports filed with the Michigan Municipal Finance Commission. The analysis and forecast uas based on this data. Because they are legally a part of the tuonship in which they are located State Equalized Valuation is not normally separated from the tounehip-at-large. The chart on page 47, however, shows data for the year 1970 as available in the Saginaw County Treasurer's Office. Both assessed and State equalized valuation are included here as well as a break¬ down of tax levies. The figure for total taxes to the villages in 1970 is lower than the historical revenue data presented for each village, but this is due to t-he fact that total revenues includes all state-returned taxes and miscellaneous sources of revenue. Reliable data was not readily available on bonded indebtedness for the villages, but it should be noted that sewer and water system construction and expansion being financed through the County Department of Public Dorks is resulting in considerable obligations in Birch Run, Merrill, and St. Charles. Precise data on tax rates in villages could not be easily found. In fact some villages apparently levy taxes on assessed valuation rather than state equalized. In general, greater research is necessary to get comprehensive and more detailed financial data for the villages. Financial Forecast The financial forecast for all villages uas made by determining the amount of annual increase in revenues or {expenditures and adding this to consecutive years. Using the average annual percentage of increase compounded revenues too much to be realistic. However, the more conservative approach of average amount of increase per year is likely to make these forecasts similarly conservative. In evaluating these forecasts it should be remembered that the current revenue sharing proposals would make at least the Village of Chesaning elgible for a share of federal returned money. 1970 FINANCIAL DATA FOR VILLAGES IN SAGINAW COUNTY ILLAGE VALUATION TAXATION 970 Pop.) Assessed State Equalized Unit Factor Total Taxes General Fund ¥ater Sewer Highway Other rch Run 32) $1,015,450 $2,843,210 2.80 $ 25,396.56 $ 8,465.52 $8,465.52 $8,465.52 — — esaning ,278) 4,118,537 9,184,346 2.23 95,953.31 37,197.31 37,197.31 $16,532.05 $ 5,026.64 rrlll 61) 975,600 2,439,000 2.50 31,936.97 31,707.00. — 229.97 kley 18) 226,500 552,782 2.44 3,401.10 3,401.10 -- — — . Charles ,046) 1,463,145 4,933,192 3.38 111,427.80 44,261.24 27,273.88 — 38,836.42 Sewer Int TAL >6?5) $7.399,282 $19.957.530 $268.115.74 S125.032.17 $8.465.52$72.936.71$16.532.05 $44.093.03 FINANCIAL DATA AND PROJECTION FOR VILLAGE OF BIRCH RUN HISTORICAL DATA PROJECTIONS Year Rev/enues 1960 1963 1964 1965 1966 1967 1968 1969 1970 22,652 98,057 26,b9b 26,458 72,213 3b,9bb 3b,389 35,831 37,273 Expenditures Year Revenues Expenditures Balance 10,402 1971 38,715 39,249 -53b 94,192 1972 bo,157 b 1,9 79 -1,822 40,024 1973 4i,599 44,709 -3,110 53,662 1974 43,041 47,439 -^,398 71,420 1975 44,483 50,169 -5,686 29,563 1980 51,693 63,819 -12,126 31,059 1985 58,903 77,469 -18,566 33,789 1990 66,113 91,119 -25,006 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous ^ Annual Increase Amount of Annual Increase Percent ,442 7.7 PATTERN OF EXPENDITURES (1955-1969) Gonoral Operating Costs Capital Outlay Miscellaneous Annual Increase -48- Amount of Annual Increase Percent 15.5 *2.730 FINANCIAL DATA AND HISTORICAL DATA Year Revenues Expenditu res 1955 142,451 186,052 1960 198,221 221,913 1963 204,161 182,134 1964 229,067 242,087 1965 207,840 219,887 1966 213,612 188,098 1967 229,121 236,269 1968 271,344 278,7 1969 281,344 285,9c 1970 290,028 293,038 SOURCE OF REVENUE (1955-196B) Percent Local Tax Collection State Collected Taxes Federal Aid 33.9 25.6 Miscellaneous 40.5 Annual Increase Amount of Annual Increase 6.1 ,684 PROJECTION FOR l/ILLAGE OF CHESANING PROJECTIONS Year Revenues Expenditures Balance 1971 300,396 285,906 +22 6 1972 310,080 307,302 +2,778 1973 319,764 314,434 +5,330 1974 329,448 321,566 +7,882 1975 339,132 328,698 +10,434 1980 387,552 364,358 +23,194 1985 435,972 400,018 +35,954 1990 484,392 ^35,678 +48,714 PATTERN OF EXPENDITURES (1955-1969) Percent Gonoral Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase 40.1 4.9 $7,132 -49- FINANCIAL DATA AND PROJECTION FDR WTIIflRF nr MFRRTI I HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 22,735 25,609 1971 66,876 57,018 +9,858 1960 31,652 24,795 1972 69,635 58,981 +10,654 1963 42,561 38,897 1973 72,394 60,944 +11,450 1964 44,624 49,959 1974 75,153 62,907 +12,246 1965 51,529 50,047 1975 77,912 64,870 +13,042 1966 53,624 59,378 1980 91,707 74,665 +17,022 1967 1985 105,502 84,500 +21,002 1968 58,599 51,129 1990 119,297 94,315 +24,982 •969 61,358 53,092 1970 64,117 55,055 SOURCE OF REVENUE (1955-1968) Percent PATTERN OF EXPENDITURES (1955-1969) Percent Local Tax Collection 39.2 GonGral Operating Costs 36.8 State Collected Taxes 39.8 Capital Outlay Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 8.3 $2,759 Miscellaneous Annual Increase Amount of Annual Increase 63.2 6 $1,963 -50- FINANCIAL DATA AMD PROJECTION FOR VILLAGE OF OAKLEY HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 10,619 10,805 1971 16,207 9,790 +6,417 1963 12,868 6,3 47 1972 16,556 10,287 +6,269 1964 12,797 6,219 1973 16,905 10,807 +6,098 1965 14,131 5,96 4 1974 17,254 11,350 +5,904 1966 14,663 6,221 1915 17,952 11,917 +6,035 1967 15,982 5,897 1980 19,697 15,176 +4,521 1968 15,160 8,411 1985 21,093 19,329 +1,764 1969 15,509 8,852 1990 22,838 24,709 -1,871 1970 15,858 9,312 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection 16.7 73.0 State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 10.3 "ifcnZia 3.6 PATTERN OF EXPENDITURES (.1955-1969) percent GonGTal Operating Costs Capital Outlay 41.1 Miscellaneous Annual Increase Amount of Annual Increase -51- 58.9 #336 6.5 FINANCIAL DATA AND PROJECTION FOR ■—————- — v/ILLAUE Uh b I I LHARLES HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 53,656 58,428 1971 178,749 147,922 +30,827 i960 62,782 81,456 1972 186,567 153,515 +33,052 1963 74,001 83,150 1973 19b,385 159,108 +35,277 1964 74,897 88,438 1974 202,203 164,701 +37,502 1965 82,919 86,251 1975 201,021 170,294 +39,727 1966 85,609 6b,689 1980 249,111 198,259 +50,852 1967 97,223 101,325 1985 288,201 226,224 +61,977 1968 155,295 131,143 1990 327,291 254,187 +73,10b 1969 163,413 136,736 1970 170,931 142,329 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection State Collected Taxes Federal Aid 2 8.9 43.4 3.6 Miscellaneous Annual Increase Amount of Annual Increase 24,1 ,818 5.9 PATTERN OF EXPENDITURES (.1955-1969) percent Gonoral Operating Costs Capital Outlay 21.0 4 3.8 Miqcellanoous Annual Increase Amount of Annual Increase 35.2 #5,593 -52- 6.5 VILLAGE FINANCIAL COMPARISONS (PROJECTED) REVENUES 1970 .>71 • 1972 1973 1974 1975 1980 1985 1990 Village of Birch Run 37,273 38,715 40,157 41,599 43,041 44,483 51,693 58,903 06,113 Village of Chesaning 290,028 300,396 310,080 319,764 329,448 339,132 387,552 435,972 484,392 Village of Merrill 64,117 66,876 69,635 72,394 75,153 77,912 91,707 105,502 119,297 Village of Oakley 15,858 16,207 16,556 16,905 17,254 17,952 19,697 21,093 22,838 Village of St. Charles 170,931 178,749 186,567 19b,385 202,203 210,021 249,111 288,201 327,291 ■ < EXPENDITURES Village of Birch Run 36,519 39,249 41,979 44,709 47,439 50,169 63,819 77,469 91,119 Village of Chesaning 293,038 300,170 307,302 314,434 321,566 328,693 36b,358 boo,018 435,678 Village of Merrill 55,055 57,018 58,981 60,944 62,907 64,870 7b,685 8b,500 94,315 Village of Oakley 9*312 9,790 10,287 10,807 11,350 11,917 15,176 19,329 24,709 Village of St. Charles 142,329 147,922 153,515 159,108 164,701 170,294 198,259 226,22b 25b,187 BALANCES Village of Birch Run 745 -534 -1,822 -3,110 -4,398 -5,686 -12,126 -18,566 -25,006 Village of Chesaning -3*010 226 2,778 5,330 7,882 10,434 23,19b 35,95b 48,714 Village of Merrill 9,062 9,858 10,654 11,450 12,246 13,042 17,022 21,002 2b,982 Village of Oakley 6,5U6 6,417 6,269 6,098 5,904 6,035 4,521 1,764 -1,871 Village of St. Charles 28,602 30,827 33,052 35,277 37,502 39,727 50,852 61,977 73,104 53 THE URBAN TOUNSHIPS THE URBAN TOUNSHIPS The Saginau County Metropolitan Planning Commission uses the ten townships and one city surrounding the 1 City of Saginau to define the metropolitan area. These governments are all part of a single economic community and share the problems and hopes of the urban area. Consequently, they are best studied as a group with shared interests. The City of Saginau and City of Ziluaukee, however, have greater powers and resources to deal with their problems and consequently are not a valid comparison with the townships when financial data is being analyzed. Even among the town¬ ships there are two charter townships (Buena Uista and Bridgeport) which have somewhat different and wider powers than the other eight. Inventory and Analysis For the most part, revenue and expenditure data for the ten townships was extracted from the annual reports to the Michigan Municipal Finance Commission. State equalized valuation and tax data is from the County Equalization Department. As with villages it is not easy to acquire centralized information on bonded indebtedness for any single township. Consequently, this data is not included except for Saginaw Township, for which data wa3 gathered in the preparation of a Capital Improve¬ ments program. In some cases, a known endebtedness of a township will be shown, but it probably is not the total indebtedness. These are in townships where a sewage or water project has been financed through the County Department of Public dorks. Two townships—Saginaw and Buena Uista—account for over half of the revenues, expenditures, and state equalized valuation. The high proportion of these for Saginaw Township is due to the large residential and commercial developments in township, where as the same factors in Buean Uista are due to its very large industrial base and its higher tax rate. The importance of Buena Uista tax base is underscored by comparing it to neighboring Bridgeport. Uith almost equal populations Buena Uista has nearly three times Bridgeport's SEU and well over twice as much total revenue (including state returned taxes based on population). An interesting approach is to compare the revenues per capita in the townships because this more dramatically reveals how tax base can affect the financial capability of a township. 1 ~ = Thus the metropolitan area consits of the City of Saginaw, City of Ziluaukee, Bridgeport, Buena Uista, Carrollton, James, Kochville, Saginau, Spaulding, Thomas, Tittabauassee and Ziluaukee Townships. Townships (by Population rank) 1. Saginaw Township 2. Buena Vista 3. Bridgeport 4. Carrollton 5. Thomas 6. Tittabauassee 7. Spaulding 8. Kochv/ille 9. Barnes 10. Zilwaukee average $18 Approximate Per Capita Revenue (1970' $19. 28. 12. 17. 12. 15. 17. 11. 15. 58. Buena Vista and Bridgeport levy 3 and 2 mills tax respectively while other townships levy a 1 mill tax (except Spaulding, which does not levy a property tax.) As is obvious, population—a major key in expenses does not relate to the amount of funds available. This is the type of argument often used to support a metropolitan form of government; Spread the tax base throughout the entire area so that all will benefit from a metropolitan industry or development that just happens to have located in one particular geographic portion of the metropolitan complex. This argument is often further substantiated by the fact that the problems generaged by the industrial or commercial tax < * base often overflow to or can be even greatest in another political jurisdiction. Another point is that these 10 tounohips try to provide public services on a combined budget of about $1,500,000 for a population over 80,000. The City of Saginau, on the other hand, requires over $9,000,000 to provide services for 92,000 people. It should be kept in mind that the city handles this money efficiently and that the key difference is the wider variety of public services it furnishes its citizens. The method used in making the financial forecast is shown on each as an asterisk at either Annual Increase, or as Amount of Annual Increase. In those cases where each has an asterisk, both methods were used and the amounts were averaged. Fi_na_ncial Forecast In making forecast for the ten townships, one of three methods was used depending on the data available, expected growth in population or tax base, and other variables which impute a value judgement. The three methods are; 1. Determine the average annual percentage of growth in revenues or expenditures and extropolate this annual rate for 20 years. 2. Determine the average annual amount of growth in dollars per year and add this figure to each succeeding years until 1990. 3. Determine both percent of annual growth and amount of annual growth and average them for each year. Generally? the present growth could be considered liberal increases in revenues for fast growiny townships, annual dollar;.- amount conservative for less rapidly developing areas, and the averaging a compromise for moderately growing townships. One additional exception is the forecast for Saginaw Township, in which forecast through 1977 are based on a more intensive analysis done by this staff as a part of a capital improvements program under the township's Federal 701 Funds. The 1980, 1985, and 1990 figures for Saginaw Township, however, were made on the basis of averaging growth rate and average annual amount The estimates for State Equalized Valuation are made on the basis of information received from the Saginaw County Equalization Director. Estimates of growth in SEV are hampered by the inablility to foresee shifts in the private economy that would result in new or increased tax base. Most SEV estimates are made on the assumption that a fixed average annual increase of some amou nt will occur. -56. FINANCIAL COMPARISONS FOR TEN TOWNSHIP AREA Pop. Revenue Sources Expenditures Pre. 1970 Political Unit Revenue 55*** Expenditures $*** Incr. 1970 SEV Local State Other Opr. Outlay Other Population Saginaw Twp. 520,125 17.5 473,069 17.7 73.7 136,403,015 39.5 43.0 17.5 45.7 17.7 35.6 27,115 Buena Vista Tup. 383,343 11.9 390,606 8.2 17.7 120,724,081 46,7 44.3 9.0 4e.3 8.7 42.8 13 ,670 Bridgeport Tup. 158,813 9.3 14: ,507 9.8 48.1 44,030,892 16.3 50.8 33.1 37.7 62.3 12,752 Carrollton Twp. 140,936 7.6 125,426 6.0 26.9 23,129,228 33.2 61 .2 5,6 73.5 26.5 8 ,526 Thomas Twp. 102,376 10.3 92,842 9.6 83.6 33,929,870 22.4 62.7 14.9 79.6 10.0 10.4 8 ,503 Tittabawassee Twp. 60,954 7.0 44,063 8.8 27.3 17,097,347 24.4 60.8 14.8 80.3 19.7 4,009 Spaulding Twp. 58,254 9.5 51 ,280 10.0 24.5 8,281 ,850 4.5 81 .0 14.5 64.4 20.8 14.8 3,387 Kochville Twp. 27,058 7.7 27,056 6.5 61 .5 9,641,493 28.2 67.2 4.2 71 .5 1 .3 22.2 2,379 James Twp. 29,955 7.5 19,384 7.0 16.7 6,859,158 15.1 72.9 12.0 58.0 3.3 38.7 1 ,990 Zilwaukee Twp.* 6,339 5,350 0.1 1 ,569,816 85.8 13.0 1 .2 95.7 4,3 109 Ten Township Totals and Averages 1,488,153 9.8 1 ,372,588 9.3 42.2 401,666,750 25.6 60.4 14.0 62.2 10.3 27.5 82,440 City of Zilwaukee 121 ,101 7.5 153,938 7.8 15.0 13,800,000 72.0 20.1 7.0 44.2 13.3 42.5 2,052 Ten Township Plus City of Zilwaukee* 1 ,609 ,254 9.6 1 ,526,526 9.2 39.4 415,466,750 30.3 56.4 13.3 60.2 7.5 32,3 84,502 City of Saginaw** 9,406,372 6.1 9,187,911 6.2 -7.8 430,081,488 23.3 21.5 55.2 57.3 20.0 22.7 90,603 Ten Township Plus the Cities of- Saginaw And Zilwaukee* 11 ,015,626 9.3 10,714,437 8.9 35.2 845,548,238 29.7 53.2 17.1 60.0 8.6 31 .4 175,105 *Percent of revenues and expenditure sources as well as growth rate for Zilwaukee Township are excluded because the percentages for this small unit differ too dramatically from the "norm" to have them distort the rest of the figures. **City of Saginaw Income Tax listed as miscellaneous ***Percent of annual growth from 1955 to 1968 -57- FINANCIAL DATA AND PR03ECTI0N FOR BRIDGEPORT TOWNSHIP HISTORICAL DATA PROOECTIONS Year Revenues Expenditures Year Revenues Expenditures 1955 57,545 48,746 1971 196,718 178,081 1960 83,414 80,956 1972 211,990 191,298 1962 121,959 125,305 1973 226,760 205,550 1963 144,371 149,100 1974 243,015 220,509 1964 143,839 143,000 1975 260,357 256,819 1965 146,207 142,747 1980 367,251 3b0,058 1966 232,301* 232,647* 1985 521,205 4-94,933 1967 287,595* 280,024* 1990 748,566 732,594 1968 158,813 1^3,507 1969 170,873 154,290 1970 185,630 165,790 Balance +18,637 +20,692 +21,410 +22,506 +23,538 +27,193 +26,193 +15,972 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collec tion 16,9 State Collected Taxes 50.8 Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 32.9 $9,139 9.3 •53- PATTERN OF EXPENDITURES (1955-1969) percent Goneral Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase 37.7 62.3 $7,053 9.9 1 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY BRIDGEPORT TOIJNSHIP HISTORICAL DATA Year State Equalized Valuation Indebtedness Year State Equalized Valuation Committed Bonded Indebtedness Bonding Capacity (10% of S.E.V.) Balance Available 1955 6,049,000 1971 48,432,243 1961 18,912,234 1972 50,430,000 1963 19,994,151 1973 52,430,000 1964 20,789,384 1974 54,430,000 1965 21,675,655 1975 56,430,000 1966 23,043,693 1980 1967 33,417,401 1985 1968 34 ,'l50,590 1990 1969 36,514,535 1970 44,030,892 4,843,224 5,043,000 5,243,000 5,443,000 5,643,000 -59- FINANCIAL DATA AND PROJECTION FOR BUENA VISTA TOTOTSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 123,412 110,497 1971 442,479 448,986 -6,507 1960 117,234 115,402 1972 472,047 478,176 -6,129 1963 173,271 176,454 1973 501,615 507,366 -5,751 1964 218,464 218,526 1974 531,183 536,556 -5,373 1965 236,106 292,973 1975 560,751 565,746 -4,995 1966 228,851 165,519 1980 780,591 711,696 -3,105 1967 330,316 210,625 1985 856,431 ■857,646 -1,215 1968 141,411* 325,398** 1990 1,004,271 1,003,596 +675 1969 606,932* 519,169** 1970 412,911 419,796 *141,411 and 606,932 were adjusted to 383,343 **325,398 and 519,169 were adjusted to 390,606 SOURCE OF REUENUE (1955-1966) Percent Local Tax Collection 46,7 State Collected Taxes 44,3 Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 8.9 11.9 $29,568 PATTERN OF EXPENDITURES (.1955-1969) perCent Gonoral Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase -60-, 48.3 8.7 42.8 #29,190 8.2 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY BUENA VISTA TOWNSHIP HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness Year Valuation Indebtedness (10% of 5.E.V.) Available 1955 14,407,400 1970 120,724,081 12,072,408 1960 55,313,827 1971 130,127,080 13,012,708 1963 57,225,222 1972 136,130,000 13,613,000 1964 60,113,197 1973 142,130,000 14,213,000 1965 61,994,918 1974 148,130,000 14,813,000 1966 71,240,925 1975 154,130,000 15,413,000 1967 82,933,408 1980 1968 105,734,308 1985 1969 109,997,332 1990 \ -61- FINANCIAL DATA AND PROJECTION FOR ££BHQLL£Q£I TOWSFfTP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 57,772 65,25b 1971 160,127 139,313 +20,814 I960 73,597 66,201 1972 166,524 143,942 +22,582 1963 88,754 99,369 1973 172,921 148,571 +24,350 1964 98,125 100,112 1974 179,318 153,200 +26,118 1965 103,120 103,478 1975 185,715 157,829 +27,886 1966 111,513 91,378 1980 217,700 180,974 +36,726 1967 110,812 103,001 1985 249,685 204,119 +45,566 1968 1 bo,936 125,426 1990 281,670 227,264 +54,406 1969 147,333 130,055 1970 153,730 134,684 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 33.2 61 .2 5.6 ',397 7.6 PATTERN OF EXPENDITURES (1955-1969) percent Gonoral Operating Costs Capital Outlay 73.5 Miscellaneous Annual Increase Amount of Annual Increase 26.5 6.0 ,627 -62- ear 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY CAKROLLTON TOWNSHIP HISTORICAL DATA State Equalized Valuation Indebtedness 5,627,650 18,097,460 19 ,021,337 19,334,057 19,875,949 20,703,874 22,141,861 22,451,013 22,325,754 23,129,228 Year 1971 1972 1973 1974 1975 1980 1985 1990 State Equalized Valuation 26,467,706 27,470,000 28,470,000 29,470,000 30,470,000 Committed Bonded Indebtedness Bonding Capacity (10% of S.E.V.) 2,646,77C 2,747,000 2,847,000 2,947,000 3,047,000 Balance Available -63- FINANCIAL DATA AND PROJECTION FOR 2NHL3, T0UNS.HI.P, Year HISTORICAL DATA Revenues PROJECTIONS Expenditures 1955 12,450 12,085 1960 12,306 14,684 1963 16,956 22,407 1964 19,948 19,538 1965 20,976 17,985 1966 23,099 22,703 1967 27,679 12,297 1968 29,955 19,384 1969 51,301 19,929 1970 32,647 20,474 Year Revenue ■ Expenditures Balance 1971 33,993 31,019 +12,974 1972 35,339 21,564 +13,775 1973 36,685 22,109 +14,576 1974 38,031 22,654 +15,377 1975 39,377 23,199 +16,178 1980 46,107 25,924 +20,183 1985 52,837 28,649 +24,188 1990 59,567 31,374 +28,193 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 15.1 72.9 12.0 ,346 7.5 PATTERN OF EXPENDITURES (1955-1969) General Operating- Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase -64- Percent 58.0 3.3 38.7 #545 7.0 1955 1960 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY JAMES TOITIJS HIP HISTORICAL DATA State Equalized Valuation Indebtedness 1,203,700 2,944,486 3,158,548 3,249,334 3,320,026 3,399,569 5,034,410 5,114,460 5,235,291 6,859,158 Year 1971 1972 1973 1974 1975 1980 1985 1990 State Equalized Valuation Committed Bonded Indebtedness Bonding Capacity (10% of 5.E.V. 6,972,437 7,170,000 7,370,000 7,570,000 7,770,000 697,243 717,000 737,000 757,000 777,000 Balance Available -65- FINANCIAL DATA AND PROJECTION FOR KOCHV/ILLE TOWNSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenue Expenditures Balance 1955 11,137 14,468 1971 33,802 32,682 +1,120 1960 14,157 12,037 1972 36,404 34,806 +1,598 1963 18,824 17,786 1973 39,207 37,069 +2,138 1964 19,900 20,065 1974 42,226 39,478 +2,748 1965 21,753 21,888 1975 45,473 42,044 +3,434 1966 26,081 23,015 1980 65,899 57,604 +8,295 1967 23,665 22,929 1985 95,491 78,923 +16,568 1968 27,058 27,056 1990 138,369 108,132 • +30,237 1969 29,141 28,814 1970 31,385 30,687 SOURCE OF REVENUE (1955-1968) Percent PATTERN OP EXPENDITURES (1955-1969) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 28.2 67.2 4.2 #1,224 7.7 General Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase 71.5 1.3 27.2 6.5 ,109 -66- Year 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY KOCHVILLE TOWNSHIP HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (10% of S.E.V. Avail able 1,437,500 1971 14,183,450 1,418,345 5,301,727 1972 15,190,450 1,519,045 5,580,492 1973 16,233,500 1,632,350 5,791,003 1974 17,532,200 1,753,220 6,035,200 1975 18 ,934,800 1,893,480 6,340,237 1980 27,821,500 2,782,150 8,186,143 1985 40,878,900 4,087,890 8,380,564 1990 55,615,300 5,561,530 9,339,794 9,641,493 -67- FINANCIAL DATA AND PROJECTION FOR SAGINAW TOWNSHIP HISTORICAL DATA Year Revenues Expend!tures 1955 87,097 103,937 1960 157,090 90,729 1962 246,075 281,936 1953 300,408 250,931 1964 319,722 196,755 1955 351,929 316,627 1966 425,608 401,409 1967 57^,963 728,717 1968 449,443 489,493 1969 520,125 473,069 1970 568,100 516,528 PROJECTIONS Year Revenue Expenditures Balance 1971 726 ,143 "5^3,553 162 ,280 1972 861,625 615,569 246,056 1973 894,206 672,206 222,000 1974 928,416 734,406 194,010 1975 964,338 802,879 161,459 1980 1 ,557,223 1,271,351 285,872 1985 2,538,465 2,072,413 466,052 1990 4,244,669 3,480,842 763,827 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 39.5 43.0 17.5 12,5 $30,935 PATTERN OF EXPENDITURES (3.955-1969) General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase Percent 46.7 17.7 4 5.6 $26,366 12.8 -68- Year 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AMD BONDED DEBT CAPACITY SAGINAW TOWNSHIP HISTORICAL DATA State Equalized Valuation 10 , 479,100 65,341,332 73,789,018 78,940,766 83,894,502 91,634,432 104,042,770 112,515,494 120,601,567 136,403,015 Indebtedness Year State Equalized Valuation Committed Bonded Indebtedness Bonding Capacity ( 1096 of S.E.V. 1971 143,755,721 14,375,572 1972 153,760,000 15,376,000 1973 163,760,000 16,376,000 1974 173,760,000 17,376,000 1975 183,760,000 18,376,000 1980 1985 1990 Balance Available 13,640,300 -69- FINANCIAL DATA AND PROJECTION FOR SBAULDJM1 XQHH3EXE HISTORICAL DATA Year Revenues Expenditures 1955 20,493 24,427 1963 35,186 29,274 1964 37,106 53,541 1965 32,131 19,920 1966 52,123 36,619 1967 42,875 53,550 1968 58,254 51,280 1969 62,349 54,877 1970 66,573 58,73^ PROJECTIONS Year Revenue Expenditures Balance 1971 71,087 62,865 +8,222 1972 75,918 67,311 +8,607 1973 81,095 73,845 +7,250 1974 86,651 79,181 +7,470 1975 92,624 84,949 +7,675 1980 130,243 121,908 +8,335 1985 186,076 178,277 +7,799 1990 270,582 265,908 +4,674 SOURCE OF REVENUE (1955-1968) Percent PATTERN OF EXPENDITURES (1955-1969) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase /amount of Annual Increase 4.5 81.0 14.5 General Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase $2,361 9.5 64.4 20.8 14.8 #2,066 10.0 -70- Year 1955 1960 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AMD BONDED DEBT CAPACITY SPAULDING TOWNSHIP HISTORICAL DATA State Equalized Valuation Indebtedness 1,679,900 5,243,158 5,348,005 5,636,157 5,828,394 5,952,851 7,398,939 7,939,546 8,124,080 8,281,850 State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (10% of S.E.V, Available 1971 10,173,570 1,017,357 1972 10,570,000 1,057,000 1973 10,970,000 1,097,000 1974 11,370,000 1,137,000 1975 11,770,000 1,177,000 1980 1985 1990 -71- FINANCIAL DATA AND PROJECTION FOR THOMAS TOWNSHIP HISTORICAL DATA Year Revenues Expenditures 1955 32,207 34,441 1963 59,286 54,147 1964 62,916 65,327 1965 75,099 62,887 1966 77,111 58,430 1967 78,947 89,826 1968 102,376 92,842 , 1969 110,347 99,544 1970 118,861 106,674 Year Revenue PROJECTIONS Expenditures Balance 1971 127,975 114,274 +13,701 1972 137,749 122,386 +15,363 1973 148,252 131,063 +17,189 1974 159,559 140,357 +19,202 1975 171,751 150,326 +21,425 1980 249,563 212,830 +36,733 1985 368,060 305,146 +62,914 1990 552,981 444,609 +108,372 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 22 A 62.7 14.9 #5,398 10.3 PATTERN OF EXPENDITURES (1955-1969) General Operating Costs Capital Outlay Miscellaneous Annual Increase Amount ol Annual Increase Percent 79.6 10.0 10.4 9.6 .,492 -72- ear 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY THOMAS TOWNSHIP HISTORICAL DATA State Equalized Valuation Indebtedness Year State Equalized Valuation Committed Bonded Indebtedness Bonding Capacity (10% of S.E.V. 2,396,800 1971 43,206,675 9,593,925 1972 45,200,000 10,421,152 1973 47,200,000 11,214,960 1974 49,200,000 11,984,308 1975 51,200,000 13,939,501 1980 23,381,033 1985 25,789,030 1990 32,201,350 33,929,870 4 ,320,667 4,520,000 4,720,000 4,920,000 5,120,000 Balance Available -73- ftoancxal data AND projection for TITTflBAUASSEF TOI.INSHTP historical data projections Year Revenues Expend!tures Year Revenue Expend!tures Balance 1955 26,123 24,359 19 71 67,953 48,508 +I9,bb5 1963 66,439 61,078 1972 70,286 49,988 +20,298 196b 46,363 48,007 1973 72,619 51,468 +21,151 1965 44,247 33,738 1974 74,952 52,948 +22,004 1966 48,545 53,530 1975 77,285 54,428 +22,857 1967 58,621 42,588 1980 88,950 61,828 +27,122 1968 60,95b 44,068 1985 100,615 69,628 +30,927 1969 63,287 45,5^3 1990 112,280 76,628 +35,652 1970 65,620 47,028 SOURCE OP REVENUE (1955-1968) Percent PATTERN OF EXPENDITURES (1955-1969) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 12,333 7.0 General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase 8.8 #1,480 -74- ar T955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE FOUALIZED VALUATION AND BONDED DEBT CAPACITY TITTABAUASSEE TOWNSHIP HISTORICAL DATA State Equalized Valuation Indebtedness 2,762,600 8,509,333 9,014,653 9,269,868 9,648,960 10,167,668 11,556,169 12,033,412 12,852,189 17,097,347 Year 1971 1972 1973 1974 1975 1980 1985 1990 State Equalized Ualuation Committed Bonded Indebtedness 17,772,759 18,770,000 19,770,000 20,770,000 21,770,000 Bonding Capacity (10% of S.E.V. 1,777,275 1,877,000 1,977,000 2,077,000 2,177,000 Balance Available -75- FINANCIAL DATA AND PROJECTION FOR ZILUflUKEE TOUNSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenue Expenditures Balance Since the City of Zilwaukee incorporated most of what was formerly Zilwaukee Township in 19^3, the existing township is smaller geographically and greatly reduced in population^' The short span of time since the incorporation makes pro¬ jection of doubtful value. Furthermore, it has been pro¬ posed that the remaining township be dissolved with ad¬ jacent governmental units assuming jurisdiction over various parts. At any rate, both the financial history and political future of the remaining township are suf¬ ficiently questionable that any projection is unwarranted* SOURCE OF REVENUE (1955-1968) Percent PATTERN OF EXPENDITURES Percent Local Tax Collection General Operating Costs Capital Outlay State Collected Taxes Federal Aid Miscellaneous Miscellaneous Annual Increase Amount of Annual Increase Annual Increase Amount of Annual Increase ar 1955 1960 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY ZILUAUKEE TOWNSHIP HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (10% of S.E.V. Available 7,136,600 1970 1,569,816 156,981 13,525,228 1971 1,752,969 175,296 13,124,029 1972 1,790,000 179,000 City Incorp. 795,584 1973 1,830,000 183,000 836,690 1974 1,870,000 187,000 883,223 1975 1,910,000 191,000 2,090,261 1980 1,516,547 1985 1,501,481 1990 -77- THE RURAL T0UN5HIPS Of the twenty-seven townships in Saginaw County, seventeen are essential rural. They share in common problems such as serving a low density population, a relatively small tax base, and a lack of available public services. Their problems, including those of finance, are similar and they can be analyzed in a comparative framework. Inventory and Analysis All revenue and expenditure data is from the annual reports each township makes to the Plichigan Municipal Finance Commission. The County Equalization Department furnished data on state equalized valuation including the amount of annual increase to be expected. Information on bonded indebtedness was not available although some rural townships are indebted. Richland Township, for example, has just completed a sewage system. Financial Forecast Financial forecasts are based on either the average annuel growth by percentage by amount or by a combination of the two. SEV forecasts are based on a fixed estimate of average annuel amount of increased foreseen by the County Equalization Director. In most respects, then, i data for rural townships has been handled identical to the data for urban townships. FINANCIAL DATA AND PROJECTION FOR flLBEE TOWNSHIP HISTORICAL DATA ' ' PROJECTIONS Year Revenues Expenditures Year Revenue. Expenditures Balance 1955 24,022 28,354 1971 39,028 24,970 +14,058 1960 16,816 16,186 1972 39,966 25,769 +14,197 1963 37,679 28,391 1973 40,904 26,568 +14,336 1964 38,008 31,885 1974 41,842 27,367 +14,475 1965 26,854 21,374 1975 42,780 23,166 +14,614 1966 29,327 24,011 1980 47,470 32,161 +15,309 1967 31,213 1985 52,160 36,156 +16,004 1968 36,214 22,573 1969 37,152 23,372 1970 38,090 24,171 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of" Annual Increase 35.2 61.8 3.0 $938 PATTERN OF EXPENDITURES (1955-1969) General Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase 7.5 Percent 76.3 23.7 1799 7.6 -79- ar 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY ALBEE TOWNSHIP HISTORICAL DATA State Equalized Valuation Indebtedness Year State Equalized Committed Bonded Valuation Indebtedness 1,498,700 1971 8,555,800 3,437,641 1972 8,655,800 3.411,774 1973 8,755,800 3,415,650 1974 8,855,800 3,448,388 1975 8,955,800 3,452,078 1980 9,455,800 7,821,001 1985 9,955,800 8,404,400 1990 10,455,800 8,348,772 8,455,900 Bonding Capacity (10% of S.E.V. 855,580 865,580 875,580 885,580 895,580 945,580 995,580 1,045,580 Balance Available -80- FINANCIAL DATA AND PROJECTION FOR RTRRH RUN TQUN2HIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenue Expenditures Balance 1955 25,255 22,474 1971 56,276 30,385 +25,891 I960 22,546 39,625 1972 58,215 31,308 +26,907 1963 33,240 32,774 1973 60,154 32,231 +27,923 1964 33,261 35,412 1974 62,093 33,154 +28,939 1965 34,600 26,492 1975 64,032 34,077 +29,955 1966 38,404 21,855 1980 73,727 38,692 +35,035 1967 42,818 14,608 1985 83,422 43,307 +40,115 1968 50,459 27,616 1990 93,117 47,922 +45,195 1969 52,398 28,539 1970 54,337 29,462 SOURCE OF REVENUE (1955-1968) Percent PATTERN OF EXPENDITURES (1955-1969) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 23.5 69.3 7.3 #f,939 General Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase 85.3 6.2 #923 -81- ear 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STflTE EQUALIZED VALUATION AND BONDED DEBT CAPACITY BIRCH RUN TOUNSHIP HISTORICAL DATA State Equalized Valuation Indebtedness Year State Equalized Committed Bonded Valuation Indebtedness Bonding Capacity (10# of 5.E.V. 2,787,600 1971 17 ,500,000 6,027,549 1972 17,800,000 6,277,727 1973 18,100,000 6,497,881 1974 18,400,000 6,796,633 1975 18 ,700,000 6,934,104 1980 20,200,000 9,635,762 1985 21,700,000 10,162,834 1990 23,200,000 10,770,090 10,877,575 1,750,000 1,780,000 1,810,000 1,840,000 1,870,000 2,020,000 2,170,000 2,320,000 Balance Available -82- FINANCIAL DATA AND PROJECTION FOR BLUMFIELD TOUNSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenue Expenditures Balance 1955 16,767 11,975 1971 32,075 23,876 +8,199 1960 23,932 18,045 1972 33,032 24,576 +8,456 1963 21,400 18,218 1973 33,989 25,276 +8,713 1964 25,236 38,032 1974 34,946 25,976 +8,970 1965 24,819 20,751 1975 35,903 26,676 +9,227 1966 25,910 20,561 1980 40,688 30,176 +10,512 1967 29,683 21,076 1985 45,473 33,676 +11,797 1968 29,204 42,652 1990 50,258 37,176 +13,082 1989 30,161 22,476 1970 31,118 23,176 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of;Annual Increase Percent 22.8 67.8 9.4 $957 5.1 PATTERN OP EXPENDITURES (1955-1969) General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase -83- Percent 91.7 8.3 #700 9.0 i 1955 1961 1963 1964 1965 1966 1967 1968 1969 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State, Equalized Valuation 3,495,550 9,793,404 9,859,259 9,906,337 • 9,980,840 10,021,145 11,005,362 11,213,858 11,451,359 12,706,879 Indebtedness BLUMFIELD State Equalized Year Valuation 1971 13,300,000 1972 13,400,000 1973 13,500,000 1974 13,600,000 1975 13,700,000 1980 14,200,000 1985 14,700,000 1990 15,500,000 Committed Bonded Indebtedness Bonding Capacity (10% of 5.E.V. 1,330,000 1,340,000 1,350,000 1,360,000 1,370,000 1,420,000 1,470,000 1,550,000 Balance Available -84- FINANCIAL DATA AND PROJECTION FOR BRADY TOIJNSHIP Year HISTORICAL DATA Revenues Expenditures Year Revenue PROJECTIONS Ex.p endi tunes Balance 1955 10,598 12,408 1971 20,468 18,629 +1,839 1960 13,106 12,764 1972 21,085 19,018 +2,067 1963 14,487 17,753 1973 21,702 19,407 +2,295 1964 16,559 16,139 1974 22,319 19,796 +2,523 1965 1975 22,936 20,185 +2,751 1966 198O 26,021 22,130 +3,891 1967 18,000 17,073 1985 29,106 24,075 +5,031 1968 18,617 17,462 1969 19,234 17,851 1970 19,851 18,240 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Arynual Increase Percent 20,8 77.7 1.5 4.8 PATTERN OF EXPENDITURES (1955-1969) General Operating- Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase b -85- Percent 86.7 13.3 #389 3.2 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED UALUPTTPN AMD BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 1,502,250 2,611,980 2,619,081 2,629,307 2,987,299 2,800,619 3,587,732 3,610,754 3,907,238 3,586,990 BRADY TOWNSHIP State Equalized Committed Bonded Bonding Capacity Balance Year \laluation Indebtedness (10% of S.E.V. Available 1971 5,762,262 576,226 1972 5,800,000 580,000 1973 5,840,000 584,000 1974 5,880,000 588,000 1975 5,920,000 592,000 1980 6,120,000 612,000 1985 6,320,000 632,000 1990 6,520,000 652,000 -8 6- FINANCIAL DATA AND PROJECTION FOR BRANT TOWNSHIP Year HISTORICAL DATA Revenues Expenditures Year Revenue j PROJECTIONS expenditures Balance 1955 10,042 9,861 1971 20,872 19,279 +1,593 1960 11,841 11,600 1972 21,549 19,915 +1,634 1963 13,939 14,543 1973 22,226 20,551 +1,675 1964 13,940 ( 11,765 1974 22,903 21,187 +1,716 1965 13,797 11,802 1975 23,580 21,823 +1,757 1986 19,820 16,359 1980 26,965 25,003/ +1,962 1967 16,290 16,982 1985 30,350 28,183 +2,167 1968 18,841 17,371 1990 33,735 31,363 +2,372 1969 19,518 18,007 1970 20,195 18,643 SOURCE OF REVENUE (1955-1968) Percent PATTERN OF EXPENDITURES (1955-1969) Percent Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase 18.4 76.3 5.3 $677 5.9 General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase 8O.9 19.1 #636 5.8 -87- ear 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY BRANT TOWNSHIP HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness {IQ% of S.E.V. Available 1,185,600 1971 3,900,000 390,000 1,818,582 1972 3,940,000 394,000 1,819,176 1973 3,980,000 398,000 1,828,520 1974 4,020,000 402,000 1,841,285 1975 4,060,000 406,000 1,896,303 1980 4,260,000 426,000 2,119,272 1985 4,460,000 446,000 2,458,379 1990 4,660,000 466,000 2,551,948 2,643,627 -88- FINANCIAL DATA AND PROJECTION FOR CHAPIN TOUNSHIP Year HISTORICAL DATA Revenues Expenditures Year Revenue PROJECTIONS Expenditures Balance 1955 6,698 7,566 1971 13,783 11,891 +1,892 1960 7,577 7,670 1972 14,226 12,138 +2,088 1963 7,886 8,038 1973 14,669 12,385 +2,284 1964 8,517 8,543 1974 15,112 12,632 +2,480 1965 8,290 8,314 1975 15,555 12,879 +2,676 1966 8,765 8,672 1980 17,770 14,114 +3,656 1967 9,083 10,264 1985 19,985 15,349 +4,636 1968 12,454 11,150 1990 22,200 16,584 +5,616 1969 12,397 11,397 1970 13,3^0 11,644 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 21 .5 70.7 7.8 #443 5.3 PATTERN OF EXPENDITURES (1955-1969) General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase -89- Percent 83.4 16.6 #247 2.8 Year 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AMD BONDED DEBT CAPACITY CHAPIN TOWNSHIP HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (10% of S.E.V.) Available 791,300 1971 2,472,406 247,241 1,381,302 1972 2,520,000 252,000 1,384,833 1973 2,570,000 257,000 1,384,988 1974 2,620,000 262,000 1,396,475 1975 2,670,000 267,000 1,394,123 1980 2,920,000 292,000 1,374,591 1985 3,170,000 317,000 1,396,971 1990 3,420,000 342,000 1,475,644 1,511,764 -90- FINANCIAL DATA AND PROJECTION FOR CHESANING TOWNSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 15,634 23,396 1971 43,902 41,753 +2,149 1960 26,046 24,854 1972 4 5,669 42,900 +2,769 1963 29,870 40,906 1973 47,436 44,047 +3,389 1964 32,509 24,336 1974 49,203 45,194 +4,009 1965 27,254 32,612 1975 50,970 46,341 +4,629 1966 27,964 26,750 1980 59t805 52,076 +7,729 1967 31,068 30,610 1985 68,640 57,811 +10,829 1968 38,601 38,312 1990 77,475 63,5^6 +13,929 1969 40,368 39,459 1970 42,135 40,606 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 39.0 52.9 8.1 8.6 PATTERN OF EXPENDITURES fl955-1969) General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase ,767 -91- Percent 87.4 12.6 6.6 ,1^7 ear 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 4,657,400 9,949,631 10,255,421 10,424,851 10,797,949 11,221,978 15,660,519 14,693,032 15,361,930 15,517,073 CHESANING TOWNSHIP State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (10^ of S.E.V.) Available 1971 19,396,000 1,939,600 1972 19,896,000 1,989,600 1973 20,396,000 2,039,600 1974 20,896,000 2,089,600 1975 21,396,000 2,139,600 1980 23,896,000 2,389,600 1985 26,396,000 2,639,600 1990 28,596,000 2,859,600 -92- FINANCIAL DATA AND PROJECTION FOR _______— FMHEMUTH" T0TO5HIF ~" HISTORICAL DATA PROJECTIONS Year ; Revenues Expend! t tores Year Revenues Expenditures Balance 1955 30,983 2b,65b 1971 28,853 35,038 -6,185 1960 36,583 39,781 1972 29,243 36,270 -7,027 1962 INCORPORATION 1973 29,633 37,502 -7,869 1963 25,732 25,181 1974 30,023 38,73b -8,711 196b 27,228 19,299 1975 30,413 29,966 -9,553 1965 25,768 31,296 198O 32,363 46,126 -13,763 1966 27,670 28,618 1985 34,313 52,286 -17,973 1967 26,880 22,356 1990 36,263 58,446 -22,183 1968 27,683 31,342 1969 28,073 1 32,574 1970 28,b63 33,806 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 36.6 . 55.6 7.8 $390 1.6 PATTERN OF EXPENDITURES (1955-1969) General Operating Costs Capital Outlay- Miscellaneous I Annual Increase Amount of Annual Increase -94- Percent 76.3 23.7 9.7 ,232 ear 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BOIMDED DEBT CAPACITY FRANKENMUTH TOWNSHIP HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (10% of S.E.V.) Available 8,050,250 1971 12,960,860 1,960,860 7,352,408 1972 13,300,000 1,330,000 7,635,431 1973 13,600,000 1,360,000 7,739,256 1974 13,900,000 1,390,000 7,797,949 1975 14,200,000 1,420,000 8,149,757 1980 15,700,000 1,570,000 10,321,625 1985 17,200,000 1,720,000 10,668,134 1990 18,700,000 1,870,000 11,019,820 11,417,401 -94- FINANCIAL DATA AND PROJECTION FOR FREMONT TOWNSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues - Expenditures Balance . 1955 10,688 11,770 1971 19,720 25,514 -5,794 i960 14,052 14,894 1972 20,284 26,737 -6,089 1963 15,533 16,776 1973 20,848 27,232 -6,384 1964 15,372 14,078 1974 21,412 28,091 -6,679 1965 15,257 16,727 1975 21,976 28,950 -6,974 1966 16,936 9,169 1980 24,796 33,245 -8,449 1967 17,648 1985 27,616 37,5^0 -9,924 1968 18,028 22,937 1990 130,436 41,835 -11,399 1969 18,592 23,796 1970 19,156 24,655 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of" Annual Increase Percent 20.7 77.7 1.6 #564 4.4 PATTERN OF EXPENDITURES (l955-1969) General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase -95- Percent 84.9 15.1 #859 11 .3 ar 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 1,468,300 2,830,496 2,800,168 2,807,830 2,830,732 2,866,884 3,480,657 3,896,314 3,995,267 3,980,000 FREMONT TOWNSHIP State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (105 i of S.E.V.) 1971 4,140,055 414,006 1972 4,180,000 418,000 1973 4,220,000 422,000 1974 4,260,000 426,000 1975 4,300,000 430,000 1980 4,500,000 450,000 1985 5 ,000,000 500,000 1990 5,500,000 550,000 -96- FINANCIAL DATA AND PROJECTION FOR u oneisp ■ ' ■ - ■ ■ ■ HISTORICAL DATA PROJECTIONS Year Revenues Expend!tures Year Revenues Expenditures Balance 1960 16,183 12,942 1971* 22,780 24,268 -1,058 1963* 1972* 23,380 25,298 -1,918 1964* 1973* 23,980 26,328 -2,348 1965* 1974* 24,580 27,358 -2,778 1966* 1975* 25,180 28,388 -3,208 1967* 1980* 28,180 33,538 -5,358 1968* 20,980 21,178 1985* 31,180 38,688 -7,508 1969* 21,580 22,208 I ' 1990* 34,180 43,835 -9,658 1970* 22,180 i 23,238 Inadequate data SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 32.1 56.6 11.3 $6oo 3.7 PATTERN OF EXPENDITURES (1955-1969) General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase -97- Percent 97.3 2.7 7.4 ,030 i ear 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AMD BONDED DEBT CAPACITY HTSTORICAL DATA State Equalized Valuation Indebtedness 2,380,300 4,496,345 4,678,497 4,728,731 4,750,095 5,062,499 6,700,650 6,870,839 6,885,109 6,928,154 001MESFIELD TOWNSHIP State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (10^ of 5.E.V.) Available 1971 8,103,520 810,352 1972 8,153,520 815,352 1973 8,203,520 820,352 1974 8,253,520 825,352 1975 8,303,520 830,352 1980 8,553,520 855,352 1985 8,803,520 880,352 1990 9,053,520 905,352 -93- FINANCIAL DATA ANDPROJECTION FOR LAKEFIELD TOWNSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 7,201 7,374 1971 13,508 15,603 -2,095 1960 9,671 9,707 1972 13,917 16,123 -2,206 1963 8,821 9,793 1973 14,326 16,643 -2,317 1964 9,396 9,872 1974 1^,735 17,163 -2,428 1965 9,992 9,299 1975 15,144 18,683 -3,539 1966 11,171 7,387 1980 17,185 21,283 -4,098 1967 11,092 7,193 1985 19,230 23,883 -4,653 1968 12,241 14,043 1990 21,275 26,483 -5,208 1969 12,650 14,563 1970 13,099 15,083 SOURCE OF REVENUE fl955-1968) Percent Local Tax Collection 24,7 68.9 6.4 PATTERN OF EXPENDITURES State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase General Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase $k09 -99- Percent 88.2 11 .8 $520 Year 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 1,059, 500 1,702,978 1,720,626 1,718,503 1,733,117 1,744,444 2,433,268 2,704,568 2,764,184 2,800,253 LAKEFIELD TOWNSHIP State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (10?6 of S.E.V.) 1971 2,850,000 285,000 1972 2,900,000 290,000 1973 2,950,000 295,000 1974 3,000,000 300,000 1975 3,050,000 305,000 1980 3,300,000 330,000 1985 3,550,000 355,000 1990 3,800,000 380,000 -100- FINANCIAL DATA AND PROJECTION FOR MAPLE GROVE Year HISTORICAL DATA Revenues Expenditures Year Revenues PROJECTIONS Expenditures Balance 1955 18,284 17,186 1971 29,431 29,804 -373 i960 20,113 ' 20,519 1972 30,128 31,065 -937 1963 22,884 22,978 1973 30,825 32,326 -1,501 1964 19,184 20,121 1974 31,522 33,587 -2,065 1965 19,874 20,462 1975 32,219 34,846 -2,629 1966 21,855 16,685 198O 35,704 41,153 -5,449 1967 23,766 28,271 1985 39,189 47,458 -8,269 1968 27,340 26,021 1990 42,674 53,763 -11,089 1969 28,037 27,282 1970 28,734 28,543 I SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 79.76 20.24 $691 3.45 PATTERN OF EXPENDITURES fl 955-1969) General Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase -101- Percent 84.05 15.95 7.74 ,261 Poor financial records ear 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 1,743,100 3,520,199 3,643,742 3.699.843 3,717,903 3,925,130 4,883,142 5.007.844 5,283,414 7,805,489 MAPLE GROVE TOWNSHIP State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (10S& of S.E.V.) 1971 8,005,489 800,549 1972 8 ,205,489 820,549 1973 8,40 5,489 840,549 1974 9,605,489 860,549 1975 8 ,805,489 880,549 1980 9,905,489 980,549 1985 10,805,489 1,080,549 1990 11,805,489 1,180,549 -102- FINANCIAL DATA AND PROJECTION FOR MARION TOWNSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 . 5,447 5,978 1971 10,270 10,714 -444 1960 6,281 7,071 1972 10,546 11,010 -464 1963 8,695 8,856 1973 10,822 11,306 -484 1964 9,481 9,270 1974 11,098 11,602 -504 1965 9,072 9,738 1975 11,374 11,898 -62 4 1966 8,439 8,939 1980 12,754 13,378 -724 1967 7,961 9,595 1985 14,134 14,858 -824 1968 9,442 9,826 1990 15,514 16,338 -824 1969 9,718 10,122 1970 9,994 10,418 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 35.90 63.40 .70 4.21 PATTERN OF EXPENDITURES (1955-1969) General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase -103- Percent 99.12 79.00 $276 4.65 aar 1955 1953 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED l/ALUATIOM AND BONDED DEBT CAPACITY MARION TOUNSHIP HISTORICAL DATA State Equalized Valuation Indebtedness 530,200 913,675 919,051 944,972 941,388 958,985 976,399 983,953 1,019,741 1,059,105 Year State Equalized Valuation Committed Bonded Indebtedness Bonding Capacity (10% of S.E.V.) 1971 1,099,185 109,918 1972 1,139,185 113,918 1973 1,179,185 117,918 1974 1,219,185 121,918 1975 1,259,185 125,918 1980 1,359,185 135,918 1985 1,459,185 145,918 1990 1,559,185 155,918 Balance Available -104- FINANCIAL DATA AND PROJECTION FOR . ■ — —RicmOTTTOTTJSHTF HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expend!tures Balance 1955 20,804 23,286 1971 51,310 50,597 +713 1960 28,537 27,193 1972 53,344 52,418 +926 1963 50,821 51,178 1973 55,378 54,239 +1,139 1964 61,033 61,776 1974 57,412 56,060 +1,352 1965 42,897 43,180 1975 59,446 57,881 +1,565 1966 44,300 40,874 1980 69,616 66,986 +2,630 1967 45,208 45,134 1985 79,786 76,091 +3,695 1968 38,916 33,685 1990 89,956 85,196 +4,760 1969 47,242 46,955 1970 49,276 48,776 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 26.72 56.13 17.15 9.3 $2,034 PATTERN OF EXPENDITURES General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase Percent 85.80 14.20 ,821 8.2 -105- ear 1955 1961 1953 1964 1965 1956 1967 1963 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 2,458,500 7,112,924 7,294,939 7,415,462 7,508,312 8,307,141 9,904,206 10,131,067 10,854,406 11,300,000 RICHLAND TOWNSHIP State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness of S.E.V.) Available 1971 14,000,000 1,400,000 1972 14,500,000 1,450,000 1973 15,000,000 1,500,000 1974 15,500,000 1,550,000 1975 16,000,000 1,600,000 1980 16,500,000 1,850,000 1985 21,000,000 2,100,000 1990 23,500,000 2,350,000 -106- FINANCIAL DATA AND PROJECTION FOR 3F7 CII&RLES TOWNSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 21,062 24,442 1971 31,390 28,626 +2,764 I960 25,370 26,171 1972 32,680 29,743 +2,937 1963 26,669 27,648 1973 33,970 30,860 +3,110 1964 33,307 24,180 1974 35,260 31,977 +3,282 1965 26,551 36,615 1975 36,550 33,094 +3,456 1966 24,940 23,041 1980 43,000 58,679 +4,321 1967 26,230 24,158 1985 49,450 44,264 +5,186 1968 27,520 25,275 1990 55,900 49,849 +6,051 1969 28,810 26,392 1970 30,100 27,509 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 41 .52 48.70 9.78 5.83 Si,290 PATTERN OF EXPEI General Operating Costs Capital Outlay- Miscellaneous Annual Increase Amount of Annual Increase Percent 80.39 19.61 #1,117 4.74 -107- aar 1955 1961 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED WflLUfiTIOM AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 2 ,533 s100 6,196,184 6,520,932 6,587,862 6,713,835 6,836,288 9,571,255 10,220,758 11,569,047 11,788,283 ST. CHARLES TOWNSHIP Year 1971 1972 1973 1974 1975 1980 1985 1990 State Equalized Valuation Committed Bonded Indebtedness 12,682,500 13,082,500 13,482,500 13,882,500 14,282,500 17,382,500 20,182,500 22,982,500 Bonding Capacity (10% of S.E.V.) Balance Available 1,268,250 1,308,250 1,348,250 1,388,250 1,428,250 1,738,250 2,018,250 2,298,250 -108- FINANCIAL DATA AND PROJECTION FOR SWAN CREEK TOWNSHIP HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1955 10,124 14,921 1971 36,486 16,925 +19,561 1960 14,828 11,505 1972 38,133 17,425 +20,708 1963 18,732 16,212 1973 39,780 17,925 +21,855 1964 23,121 19,126 1974 41,427 18,425 +23,002 1965 26,202 11,881 1975 43,074 18,925 +24,149 1966 41,140 23,711 1980 51,309 21,425 +29,884 1967 29,895 14,925 1985 59,544 23,925 +35,619 1968 31,545 15,425 1990 67,779 26,425 +41,354 1969 33,192 15,925 1970 34,839 16,425 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 18.58 63.80 17.62 11 .60 $1,647 PATTERN OF EXPENDITURES General Operating Costs Gapital Outlay- Miscellaneous Annual Increase Amount of Annual Increase Percent 92.27 7.73 11.93 -109- #500 ear 1955 1961 1963 1964 1965 1966 1967 1968 1959 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY SUAN CREEK TOWNSHIP HISTORICAL DATA State Equalized Valuation Indebtedness 856,200 2,788,654 2,928,638 3,018,494 3,093,997 3,213,536 4,301,001 4,585,497 4,946,295 6,582,000 Year 1971 1972 1973 1974 1975 1980 1985 1990 State Equalized Valuation Committed Bonded Indebtedness 7,000,000 7,300,000 7,600,000 7,900,000 8,200,000 9,700,000 11,200,000 12,700,000 Bonding Capacity (10% of S.E.V.I Balance Available 700,000 730,000 760,000 790,000 820,000 970,000 1,120,000 1,270,000 -11 FINANCIAL DATA AND PROJECTION FOR —— TAYMOUTH' "TOWNSHIP ~ Year HISTORICAL DATA Revenues Expend!tures Year Revenues PROJECTIONS Expend! tur e s Balance 1955 19,677 15,132 1971 42,739 36,361 +6,378 1960 20,414 24,221 1972 44,180 37,688 +6,492 1963 27,216 25,476 1973 45,621 39,015 +6,606 1964 28,610 25,708 1974 47,062 40,342 +6,720 1965 28,831 26,271 1975 b8,503 41,669 +6,834 1966 33,444 31,243 1980 55,708 48,304 +7,404 1967 36,443 31,615 1985 62,913 54,939 +7,974 1968 38,416 32,380 1990 70,118 61,574 +8,544 1969 39,857 33,707 1970 41,295 35,034 SOURCE OF REVENUE fl955-1968) Local Tax Collection State Collected Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 12.4 _ 79,3 8.3 5.63 $1,441 PATTERN OF EXPENDITURES 0955-1969) General Operating Costs Capital Outlay Miscellaneous Annual Increase Amount of Annual Increase -111- Percent 86.9 13.1 6,99 ,327 i Year 1955 1951 1963 1964 1965 1966 1567 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY TAYF10UTH TOWNSHIP HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (l0/£ of S.E.V.) Available 1,254,900 1971 7,889,1100 788,900 3,301,301 1972 8,089,000 808,900 3,382,837 1973 8,289,000 828,900 3,429,221 1974 8,489,000 848,900 3,495,440 1975 8,689,000 868,900 3,632,674 1980 9,689,000 968,900 5,876,745 1985 10,689,000 1,068,900 6,059,811 1990 11,689,000 1,168,900 6,339,108 7,689,323 -112- SCHOOL DISTRICTS SCHOOL DISTRICTS Though the political governments in Saginaw County typically are more in the spotlight or papular attention and though they are more likely to be held responsible for high taxes, the local school districts are actually Far bigger as taxing and spending units then political govern¬ ments. In general expenditures for 1968 all county schools spent approximately $40,000,000 while all political units spent only about $23,000,000. Further¬ more, schools frequently use special millages to expand their investment in physical facilities. To show the scale of school operations in the county, the following charts how the revenues and expenditures from 1960 to 1970, state equalized valuation from 1961 to 1970, and projections through 1990 for all of these. Also shown are statistics for their Debt Retirement and Building Site Funds through 1970. The source of this data is the School District Summajr_i.es and Information Report that each local district must submit to the State through the Intermediate School District. -113- FIMANCXAL DATA AMD PROJECTION FOR HISTORICAL DATA Year Revenues Expenditures 1960 1961 1962 1963 472,095 447,120 1964 503,438 509,824 1965 538,577 540,292 1966 715,006 682,210 1967 923,174 835,209 1968 1,051,681 1,050,807 1969 1,195,499 1,172,277 1970 1,384,587 1,390,41-1 1971 1,572,072 1,550,060 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collect Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 20.95 76.64 .33 2.08 16.55 $137,497 BIRCH RUM SCHOOL DISTRICT PROJECTIONS Year Revenues 1972 1,709,569 1973 1,847,066 1974 1,984,563 1975 2,122,060 1980 2,809,545 1985 3,497,030 1990 4,184,515 Expenditures Balance 1,687,927 +21,642 1,825,794 +21,272 1,963,661 +20,902 2,101,528 +20,532 2,790,863 +18,682 3,480,198 +16,832 4,169,533 +14,982 PATTERN OF EXPENDITURES (1955-1968) Percent General Administration Costs Instruction Operation Maintenance Fixed Charges Capital Outlay- Auxiliary Services Miscellaneous 4.06 65.30 8.90 2.17 2.60 2.47 14.50 17.07 ^ Annual Increase $137,867 Amount of Annual Increase ear 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 69-90 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 8,538,881 8,696,626 8 ,810,650 8,987,961 9,217,264 9,569,156 9,845,053 14,303,544 15,991,236 17,449,245 BIRCH RUN SCHOOL DISTRICT State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (10% of S.E.V. Available 1971 22,500,000 2,250,000 1972 24,000,000 2,400,000 1973 24,500,000 2,450,000 1974 25,000,000 2,500,000 1975 25,500,000 2,550,000 1980 27,500,000 2,750,000 1985 30,000,000 3,000,000 1990 32,500,000 3,250,000 Estimate based on approximate addition of Taymouth and Birch Run townships. -11 5- HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1960 1972 3,710,463 3,701,588 +8,875 1961 1973 4,015,956 3,998,206 +17,750 1962 1974 4,321,449 4,294,824 +26,625 1963 961,028 1,032,327 1975 4,626,942 4,591,442 +35,500 1964 1,220,642 1,123,913 1 1980 6,154,407 6,074,532 +79,875 1965 1,295,485 1,253,207 1985 7,681,87-2 7,557,622 +124,250 1966 1,552,931 1,531,300 1990 9,209,337 9,040,712 +168,625 1967 2,017,164 2,031,914 1968 2,067,580 2,205,667 1969 2,598,472 2,406,912 1970 2,944,028 2,910,009 1971 3,404,970, 3,404,970 t SOURCE OF REUENUE (1955-1968) Percent PATTERN OF EXPENDITURES (1S55-1968) Dprr.pnf. Local Tax Collection 33.04 General Administration Costs 25.77 State Collect Taxes 65,81 Instruction 32.60 Federal Aid ,35 Operation 33.48 Miscellaneous Maintenance 3.15 Annual Increase .74 Fixed Charges 2.52 Amount of Annual Increase 17.4 Capital Outlay 2.11 $305,493 Auxiliary Services .36 Miscellaneous -116- Annual Increase Amounn of Annual Increase .16.4 $296,618 k ear 1961 1962 1963 196R 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation uiuu^Lrun I OKHULUllVb S L11U U L DISTRICT Indebtedness 22,580,031 24,155,392 24,667,914 25,342,156 26,425,541 27,504,049 28,996,544 40,816,390 44,638,615 52,312,742 Year 1971 1972 1973 1974 1975 1980 1985 1990 State Equalized Valuation Committed Bonded Indebtedness Bonding Capacity (10% of S.E.V. Balance Av/ailable 56,231,000 58,631,000 61,031,000 63,431,000 65,831,000 77,831,000 89,831,000 101,031,000 5,623,100 5,863,100 6,103,100 6,343,100 6,583,100 7,783,100 8,983,100 10,103,100 -117- FINANCIAL DATA AND PROJECTION 1 HISTORICAL DATA Year Revenues Expenditures 1960 1961 1962 1963 1,172,045 1,141,410 1964 1,211,082 1,207,862 1965 1,243,527 1,328,541 1966 1,840,757 1,772,078 1967 2,003,344 1,864,058 1968 • 2,148,219 2,285,299 1969 i 2,811,528 2,582,-3- 1970 • 2,857,859 2,931,066 1971 1 2,865,272 2,838 ,783 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collect Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 54.74 44.01 .25 1.00 12.86 $211,654 4k BUENA VISTA SCHOOL DISTRICT PROJECTIONS Year Revenues Expenditures Balance 1972 3,076,925 3,050,955 +25,970 1973 3,288,578 3,263,127 +25,451 1974 3,500,231 3,475,299 +24,932 1975 3,711,884 3,687,471 +24,413 1980 4,770,149 4,748,331 +21,818 1985 5,828,414 5,809,1919 +19,223 1990 6,886,679 6,870,051 +16,628 ) f PATTERN OF EXPENDITURES (1955-1968) Percent General Administration Costs Instr uction Operation Maintenance Fixed Charges Capital Outlay Auxiliary Services Miscellaneous 4.37 59.94 10,87 2.60 .94 1.07 10.21 12, Annual Increase $212 1* Amount of Annual Increase ar 1961 1962 1963 1964 1965 1966 1967 1958 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY BUENA VISTA SCHOOL DISTRICT HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (10% of S.E.V. Av/ailable 48,504,568 1971 124,500,000 12,450,000 51,401,995 1972 130,500,000 13,050,000 51,425,450 1973 136,500,000 13,650,000 53,377,028 1974 142,500,000 14,240,000 56,185,327 1975 148,500,000 14,850,000 58,068,941 1980 178,500,000 17,850,000 67,957,229 1985 205,000,000 20,500,000 79,690,013 1990 235,000,000 23,500,000 106,276,507 116,463,476 --11 9- FINANCIAL DftTfl AND PROJECTION FOR HISTORICAL DATA Year Revenues Expenditures 1960 399,405 399,485 1961 378,381 339,791 1962 367,626 433,308 1963 524,698 481,945 1964 564,817 550,874 1965 597,991 600,041 1966 764,020 789,385 1967 868,823 875,207 1968 992,285 933,173 1969 1970 1,395,759 1,395,739 1971 1,561,739 1,561,759 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collect Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 41 .36 58.09 .40 .15 14.21 $105 j 666 -120 CARROLLT0N ..SCUOQL DISTRICT PROJECTIONS Year Revenues Expenditures Balance 1972 1,667,405 1,667,398 +7 1973 1,773,071 1,773,057 + 14 1974 1,878,737 1,878,716 +21 1975 1,984,405 1,984,375 +28 1980 2,512,733 2,512,670 +63 1985 3,041,063 3,040,965 +98 1990 3,569,393 3,569,624 -231 ) i PATTERN OF EXPENDITURES (1955-1968) Percent General Administration Costs Instr uction Operation Maintenance Fixed Charges Capital Outlay Auxiliary Services Miscellaneous Annual Increase Amount of Annual Increase 3.75 73.25 13.55 1.12 1.33 1.48 5.20 .32 : 14.32 $105,659 Year 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY CARROLLTON SCHOOL DISTRICT HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (10^ of S.E.V.) • Available 17,217,524 1971 26,598,612 2,659,861 18,097,460 1972 27,600,000 2,760,000 18,288,555 1973 28,600,000 2,860,000 19,021,337 1974 1 29,600,000 2,960,000 19,334,057 i 1975 30,600,000 3,060,000 19,875,949 1980 35,600,000 s 3,560,000 20,703,874 1985 41,600,000 4,160,000 22,141,861 1990 46,600,000 4,660,000 22,451,013 22,325,754 23,129,228 -121- FINANCIAL DATA AND PROJECTION HISTORICAL DATA Year Revenues Expenditures 1960 587,173 630,150 1961 663,911 667,352 1962 745,844 764,681 1963 805,147 787,193 1964 827,640 830,045 1965 878,933 874,152 1966 1,201,565 1,143,977 1967 1,451,121 1,255,255 1968 1,525,527 1,543,704 1969 1,698,500 1,768 ,157 1970 2,052,511 1,983,793 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection 27.30 State Collect Taxes 72,58 Federal Aid Miscellaneous Annual Increase Amount of Annual Increase .02 13.71 $146,534 CHESANING UNION SCHOOL DISTRICT PROJECTIONS Year Revenues Expenditures Balance 1971 2,199,045 2,119,157 +79,888 1972 2,345,579 2,254,521 +91,058 1973 2,492,113 2,389,885 +102,228 1974 2,638,647 2,525,249 +113,398 1975 2,785,181 2,660,613 +124,568 1980 3,517,851 3,337,433 +180,418 1985 4,250,521 4,014,253 +236,268 1990 4,983,191 4,691,073 +292,110 PATTERN OF EXPENDITURES (1955-1968) Percent General Administration Costs 4.27 Instruction 67.29 Operation 10.60 Maintenance 1.53 Fixed Charges 1.10 Capital Outlay 1.55 Auxiliary Services 13.66 Miscellaneous Annual Increase - I A/- 12.44 Amount of Annual Increase $135,364 ear 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY CHESANING UNION SCHOOL DISTRICT HISTORICAL DATA State Equalized Valuation Indebtedness 19,639,422 20,077,591 20,691,379 21,078,558 21,310,485 22,114,532 22,361,328 32,755,396 34,228,461 35,090,995 Year 1971 1972 1973 1974 1975 1980 1985 1990 State Equalized Valuation Committed Bonded Indebtedness Bonding Capacity (10% of S.E.V.) Balance Available 39,500,000 40,200,000 41,100,000 41,700,000 42,400,000 55,000,000 80,000,000 92,000,000 3,950,000 4,020,000 4,110,000 4,170,000 4,240,000 5,500,000 8,000,000 9,200,000 -123- FINANCIAL DATA AND PROJECTION FOR HISTORICAL DATA Year Revenues Expend!tures 1960 411,196 411,196 1961 451,815 : 394,416 1962 320,695 396,958 1963 333,254 317,437 1964 358,130 317,680 1965 373,273 348,971 1966 460,892 469,705 1967 613,543 544,135 1968 748,286 ' 699,803 1969 819,912 , 823,515 1970 866,454 5 930,871 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection 73.54 State Collect Taxes 25.69 Federal Aid Miscellaneous ( Annual Increase ■ ,77 Amount of Annual Increase 15.06 $76,171 FRANKENMUTH SCHOOL DISTRICT PROJECTIONS Year Revenues Expend! tunes Balance 1971 942,625 937,507 +5116 1972 1,018,796 1,015,018 +3778 1973 1,094,967 1,092,527 +2440 1974 1,171,138 1,170,036 +1102 1975 1,247,309 1,247,545 -236 1980 1,628,164 1,635,090 -6926 1985 2,009,019 2,022,635 -13,616 1990 2,389,874 2,410,180 -20,306 < J I PATTERN OF EXPENDITURES (1955-1968) General Administration Costs Instruction Operation Maintenance Fixed Charges Capital Outlay- Auxiliary Services Miscellaneous 124- Annual Increase Amount of Annual Increase Percent 5.01 62.85 9.66 3.18 2.65 2.99 13.66 16.00 $77,509 Year 1961 1962 1963 1964 1965 1966 1967 1963 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 22,418,431 24,117,841 25,502,430 26,932,655 28,018,225 28,333,796 29,241,269 33,792,544 36,991,051 39,367,384 FRANKENMUTH SCHOOL DISTRICT State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (*10% of S.E.V.) Available 1971 41,500,.000 4,150,000 1972 43,500,000 4,350,000 1973 45,500,000 4,550,000 1974 47,500,000 4,750,000 1975 49,500,000 4,950,000 1980 59,500,000 5,950,000 1985 69,500,000 6,950,000 1990 79,500,000 7,950,000 -125- FINANCIAL DATA AND PROJECTION FOR HISTORICAL DATA Year Revenues Expenditures 1960 294,077 294,077 1961 320,458 302,432 1962 315,200 338,357 1963 364,541 352,336 1964 386,420 392,401 1965 459,197 448,770 1966 581,803 562,040 1967 710,904 .668,552 1968 783,469 788,717 1969 878,441 910,380 1970 963,319 985,929 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collect Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 37.01 59.17 3.82 " 12.77 $66, 933 FREELAIMD SCHOOL DISTRICT PROJECTIONS Year Revenues Expenditures Balance 1971 1,030,252 1,055,169 -24,91? 1972 1,097,185 1,124,359 -27,174 1973 1,164,118 1,193,549 -29,431 1974 1,231,051 1,262,739 -31,688 1975 1,297,984 1,331,929 -33,945 1980 1,632,649 1,677,879 -45,230 1985 1,967,314 2,023,829 -56,515 1990 2,301,979 2,369,779 -67,800 PATTERN OF EXPENDITURES (1955-1968) General Administration Costs Instruction Operation Maintenance Fixed Charges Capital Outlay Auxiliary Services Miscellaneous Annual Increase Araoxnit of Annual Increase Percent 4.92 68.69 12.59 1.54 .85 1.57 9.84 13.04 $69,190 i ear 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AMD BONDED DEBT CAPACITY FREBLAND SCHOOL DISTRICT HISTORICAL DATA State Equalized State Equalized Committed Bonded Bonding Capacity Balance Valuation Indebtedness Year Valuation Indebtedness (10% of S.E.V.) Available 10,445,055 1971 23,050,000 2,305,000 10,846,771 1972 24,050,000 2,405,000 11,392,002 1973 25,100,000 2,510,000 11,555,172 1974 26,100,000 2,610,000 11,957,455 1975 27,100,000 2,710,000 12,449,594 1980 33,500,000 3,350,000 13,141,140 1985 40,000,000 4,000,000 15,611,914 1990 50,000,000 5,000,000 17,646,333 22,068,357 FINANCIAL DATA AND PROJECTION FOR HISTORICAL DATA Year Revenues Expenditures 1960 320,051 320,051 1961 340,229 342,476 1962 338,070 339,471 1963 370,057 372,552 1964 378,957 420,935 1965 450,164 421,819 1966 584,160 569,564 1967 612,452 612,372 1968 737,515 815,474 1969 898,737 867,753 1970 1,098,144 989,452 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection 39.99 State Collect Taxes 58.77 Federal Aid Miscellaneous Annual Increase 1.24 Amount of Annual Increase 13.54 $77 j 839 HEMLOCK PUBLIC SCHOOL DISTRICT PROJECTIONS Year Revenues Expend!tur e s Balance 1971 1,175,983 1,056,392 +119,591 1972 1,253,822 1,123,332 +130,490 1973 1,331,661 1,190,272 +141,389 1974 1,409,500 1,257,212 +152,288 1975 1,487,339 1,324,152 +163,187 1980 1,876,534 1,658,852 +217,682 1985 2,265,729 1,993,552 +272,177 1990 2,654,924 2,328,252 +326,672 PATTERN OF EXPENDITURES (l955-1968) Percent General Administration Costs Instruction Operation Maintenance Fixed Charges Capital Outlay Auxiliary Services Miscellaneous 5.04 63.65 9.80 1.37 1.18 1.34 17.62 Annual Increase 11.84 128- Amount of Annual Increase $66,940 Yaar 1961 1962 1963 1964 1965 1965 1967 1968 1959 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 12 , 502,472 12,805,799 13,641,106 13,657,002 14,145,190 14,450,664 15,835,715 20,954,120 27,357,190 28,153,491 HEMLOCK PUBLIC SCHOOL DISTRICT State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (10% of S.E.V.) Available 1971 29,000,000 2,900,000 1972 29,800,000 2,980,000 1973 30,600,000 3,060,000 1974 31,400, 000 3,140,000 1975 32,200,000 3,220,000 1980 36,200,000 3,620,000 1985 40,200,000 4,020,000 1990 44,200,000 4,420,000 -129- FINANCIAL DATA AND PROJECTION FOR HISTORICAL DATA Year Revenues Expenditures 1960 415,148 377,412 1961 377,892 355,990 1962 309,242 340,020 1963 356,929 357,242 1964 364,815 361,348 1965 426,062 376,853 1966 497,498 479,384 1967 555,982 552,578 1968 569,245 591,295 1969 659,007 656,436 1970 813,925 795,723 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection 33.98 State Collect Taxes 65.11 Federal Aid .91 Miscellaneous Annual Increase Amount of Annual Increase 12,73 $65 j 285 MERRILL COMMUNITY SCHOOL DISTRICT Year PROJECTIONS Revenues Expenditures Balance 1971 879,210 858,363 +20,847 1972 944,495 921,003 +23,492 1973 1,006,780 983,643 +23,137 1974 1,069,065 1,046,283 +22,782 1975 1,131,350 1,108,923 +22,427 1980 1,457,775 1,422,123 +35,652 1985 1,784,200 1,735,323 +48,877 1990 2,110,625 2,048,523 +62,102 PATTERN OF EXPENDITURES (1955-1968) Percent General Administration Costs 5.89 Instruction 66.51 Operation 10.69 Maintenance 1.84 Fixed Charges 1.29 Capital Outlay 1.95 Auxiliary Services 11.83 Miscellaneous -130- Annual Increase Amount of Annual Increase 12.44 $62,640 Year 1961 1952 1963 1964 1965 1966 1967 1968 1959 1970 STATE EQUALIZED VALUATION AMD BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 9,587,461 8,846,000 8,914,372 8,896,726 8,989,165 9,492,129 9,935,483 12,284,512 14,249,442 14,616,738 MERRILL COMMUNITY SCHOOL DISTRICT State Equalized Committed Bonded Bonding Capacity Balance Year Valuation Indebtedness (10% of S.E.V.) Available 1971 14,750,000 1,475,000 1972 14,875,000 1,487,500 1973 15,000,000 1,500,000 1974 15,125,000 1,512,500 1975 15,250,000 1,525,000 1980 15,875,000 1,587,500 1985 16,500,000 1,650,000 1990 17,125,000 1,712,500 -131- FINANCIAL DATA AND PROJECTION FOR — -7— 1 ■ HISTORICAL DATA Year Revenues Expenditures 1960 8,868,652 8,749,758 1961 9,310,853 9,321,686 1962 9,722,431 9,799,211 1963 8,805,764 8,457,151 1964 9,365,810 9,270,730 1965 9,525,738 9,712,562 1966 11,646,492 11,474,486 1967 12,890,175 12,866,412 1968 13,471,672 13,749,493 1969 17,716,203 16,726,804 1970 19,434,026 18,661,773 SOURCE Off REVENUE (1955-1968) Percent Local Tax Collection 54.02 State Collect Taxes 42.98 Federal Aid Miscellaneous Annual Increase 3.00 Amount of Annual Increase 13.38 $1,518,266 CITY OF SAGINAW SCHOOL DISTRICT PROJECTIONS Year Revenues Expenditures Balance 1971 20,952,292 20,119,576 +832,716 1972 22,470,558 21,577,379 +893,179 1973 23,988,824 23,035,182 +953,642 1974 24,507,090 24,492,985 +1,014,105 1975 27,025,356 25,950,789 +1,074,568 1980 34,616,686 33,239,803 +1,376,883 1985 42,207,952 40,528,818 +1,679,134 1990 49,799,282 47,817,833 +1,981,449 PATTERN OF EXPENDITURES (l955-1968) General Administration Costs Instruction Operation Maintenance Fixed Charges Capital Outlay- Auxiliary Services Miscellaneous *132- Annual Increase Amount of Annual Increase Percent 2.62 75.62 11.36 2.68 1.39 .72 5.61 12.10 $1,457,803 Year 1961 1962 1963 1964 1965 1966 1967 1968 1959 1970 STATE EQUALIZED VALLIATION AMD BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 360,319,513 366,175,231 368,410,669 369,650,341 373,289,721 381,323,416 395,117,768 395,089,171 422,445,658 452,495,173 i CITY OF SAGINAU SCHOOL DISTRICT Year 1971 1972 1973 1974 1975 1980 1985 1990 State Equalized Valuation Committed Bonded Indebtedness 473,600,000 494,700,000 515,800,000 536,900,000 548,000,000 653,500,000 759,000,000 864,500,000 Bending Capacity (10% of S.E.V.) 47,360,000 49,470,000 51,580,000 53,690,000 54,800,000 65,350,000 75,900,000 86,450,000 Balance flvai1a b1e -133- FINANCIAL DATA AND PROJECTION FOR HISTORICAL DATA Year Revenues Expenditures 1960 1,409,132 1,409,132 1961 1,131,384 1,226,252 1962 1,816,170 1,764,114 1963 1,576,059 1,552,530 1964 2,188,789 2,042,445 1965 2,479,759 2,477,152 1966 2,896,161 2,934,676 1967 3,388,098 3,576,958 1968 3,564,382 3,521,841 1969 3,982,776 3,795,244 1970 5,279,909 4,888,389 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection 62.04 State Collect Taxes 37.08 Federal Aid Miscellaneous • ~ Annual Increase .88 Amount of Annual Increase 18.67 1529,121 SAGINAW TOWNSHIP COMMUNITY PROJECTIONS SCHOOLS Year Revenues Expenditures Balance 1971 5,809,030 5,364,940 +444,090 1972 6,339,151 5,841,491 +496,660 1973 6,867,272 6,318,042 +549,230 1974 7,396,393 6,794,593 +601,800 1975 7,925,514 7,271,144 +654,370 1980 10,571,119 9,653,899 +917,220 1985 13,216,724 12,036,654 +1,180,070 1990 15,862,329 14,419,409 +1,442,920 PATTERN OF EXPENDITURES fl955-1968) General Administration Costs Instruction Operation Maintenance Fixed Charges Capital Outlay Auxiliary Services Miscellaneous Percent 4.65 69.40 11.46 1.45 1.25 2.83 0.96 134- Amnual Increase Amount of Annual Increase 18.31 $476 5 551 ear 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED UALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Ualuation Indebtedness 59 ,966,170 65,341,332 69,414,740 73,798,018 79,940,766 83,894,502 91,634,432 104,042,770 120,601,567 136,296,435 SAGINAW TOWNSHIP COMMUNITY SCHOOLS Year 1971 1972 1973 1974 1975 1980 1985 1990 State Equalized Ualuation Committed Bonded Indebtedness 146,403,000 156,403,000 166,403,000 176,403,000 186,403,000 250,000,000 315,000,000 365,000,000 Bonding Capacity (10% of S.E.U.) 14,640,300 15,640,300 16,640,300 17,640,300 18,640,300 25,000,000 31,500,000 36,500,000 Balance Available -135- FINANCIAL DATA AN.D PROJECTION FOR HISTORICAL DATA Year Revenues Expenditures 1960 383 j, 011 368,459 1961 406,847 418,430 1962 358,679 347,662 1963 361,506 357,797 1964 382,901 403,725 1965 419,988 423,908 1966 655,065 598,632 1967 779,543 730,225 1968 809,235 807,454 1969 938,146 938,582 1970 1,102,363 1,050,984 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection 26.60 State Collect Taxes 71.13 Federal Aid Miscellaneous Annual Increase 2.27 Amount of Annual Increase 18.25 $105 s 837 ST. CHARLES COMMUNITY SCHOOLS PROJECTIONS Year Revenues Expenditure s Balance 1971 1,208,200 1,150,011 +58,189 1972 1,314,037 1,249,038 +64,999 1973 1,419,874 1,348,065 +71,809 1974 1,525,711 1,447,092 +78,619 1975 1,631,548 1,546,119 +85,429 1980 2,160,733 2,041,254 +119,479 1985 2,689,918 2,536,389 +153,529 1990 3,219,103 3,031,524 +187,579 ■ : PATTERN OF EXPENDITURES (1955-1968) General Administration Costs Instruction Operation Maintenance Fixed Charges Capital Outlay- Auxiliary Services Miscellaneous -I36r Annual Increase Amount of Annual Increase Percent 5.62 65.93 9.43 1.04 1.09 1.97 14.92 17. $99,027 ar 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY ST. CHARLES COMMUNITY SCHOOLS HISTORICAL DATA State Equalized Valuation Indebtedness 8., 113,053 7,973,725 8,181,339 8,381,580 8,510,504 8,680,023 9,063,810 12,261,914 14,965,830 16,506,972 Year State Equalized Committed Bonded Valuation Indebtedness Bending Capacity C\0% of S.E.V.) 1971 17,000,000 1,700,000 1972 17,500,000 1,750,000 1973 18,000,000 1,800,000 1974 18,500,000 1,850,000 1975 19,000,000 1,900,000 1980 21,500,000 2,150,000 1985 24,000,000 2,400,000 1990 26,500,000 2,650,000 Balance Available -137- FINANCIAL DATA AND PROJECTION FOR HISTORICAL DATA Year Revenues Expenditures 1960 354,057 335,050 1961 364,666 358,321 1962 321,670 354,996 1963 380,429 355,782 1964 389,437 374,414 1965 416,105 437,661 1966 558,482 544,610 1967 749,958 718,057 1968 897,259 934,266 1969 990,090 984,700 1970 1,222,087 1,183,221 SOURCE OF REVENUE (1955-1968) Local Tax Collection State Collect Taxes Federal Aid Miscellaneous Annual Increase Amount of Annual Increase Percent 33.85 64.22 1.93 18.73 $120 ,236 SUAN VALLEY SCHOOL DISTRICT PROJECTIONS Year Revenues Expenditures Balance 1971 1,342,323 1,301,426 +40,897 1972 1,462,559 1,419,631 +42,928 1973 1,582,795 1,537,836 +44,959 1974 1,703,031 1,656,041 +46,990 1975 1,823,267 1,774,246 +49,021 1980 2,424,447 2,365,271 +59,176 1985 3,025,627 2,956,296 +69,331 1990 3,626,807 3,437,321 +79,486 PATTERN OF EXPENDITURES (1955-1968) General Administration Costs Instruction Operation Maintenance Fixed Charges Capital Outlay Auxiliary Services Miscellaneous Annual Increase Amount of Annual Increase Percent 5.22 60.07 8.57 1.40 1.26 1.76 32.16 19.15 $118,205 ar 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 STATE EQUALIZED VALUATION AND BONDED DEBT CAPACITY HISTORICAL DATA State Equalized Valuation Indebtedness 8,971,987 9,178,905 9,618,275 9,994,392 10,482,712 11,007,951 12,232,741 13,643,900 23,235,763 26,143,440 SUAN VALLEY SCHOOL DISTRICT State Equalized Committed Bonded Year Valuation Indebtedness (10& of S.E.V.) 1971 28,700,000 2,870,000 1972 31,200,000 3,120,000 1973 33,700,000 3,370,000 1974 36,200,000 3,620,000 1975 38,700,000 3,870,000 1980 41,200,000 4,120,000 1985 53,700,000 5,370,000 1990 66,200,000 6,620,000 Balance Available -139- DELTA COLLEGE FINANCIAL DATA AND PROJECTION FOR HISTORICAL DATA Year Revenues Expenditures 1960 1961 627,370 861,346 1962 1,679,522 1,718,556 1963 1,765,222 1,761,517 1964 1,723,280 1,666,140 1965 1,871,966 1,810,263 1966 2,287,268 2,254,190 1967 2,737,423 2,730,971 1968 3,291,000 3,291,000 19*69 4,360,000 4,360,000 1970 5,772,000 5,772,000 1971 6,581,000 6,581,000 SOURCE OF REVENUE (1955-1968) Percent Local Tax Collection 33.3 State Collect Taxes 28.6 Federal Aid 32.0 Miscellaneous 3#g Annual Increase *3 Amount of Ar.nual Increase 2.1 17.0 $544 s609 PROJECTIONS Year Revenues Expenditures Balance 1972 7,125,609 7,120,555 +5054 1973 7,670,218 7,660,110 +10,108 1974 8,214,827 8,199,665 +15,162 1975 8,759,436 8,739,220 +20,216 1980 11,482,481 11,436,995 +45,486 1985 14,205,526 14,134,770 +70,756 1990 16,928,571 16,832,545 +96,026 PATTERN OF EXPENDITURES (1955-1968) Percent General Administration Costs g^ Instruction 57.2 Operation t 14.5 Maintenance 4^5 Fixed Charges ^.6 Capital Outlay ^5 Auxiliary Services 12.5 Miscellaneous 16.7 Annual Increase $539,555 141- Amount of Annual Increase TRI-CITY AIRPORT TRI-CITY AIRPORT COMMISSION Tri-City Airport occupies a relatively unique position for local governments. For one thing they—like Delta College—are a product of an area uider than the county, namely two separate cities and still another distinct county. But instead of utilizing these as a property tax base, they request authorization for grants from these governments for capital improvements. Operating expenses generally come from an assortment of fees including landing fees, concession fees, parking fees,etc. Because of the varied sources of funds, both analysis and forecasting is precarious. This becomes even more apparent when the possible development of a regional air cargo facility was included in Tri-City airport plans. Their master plan also includes airport development of industrial parks and other activities not currently contributing to their financial well-being. Since there is no property tax base as such for the air¬ port, this is not included in either the inventory or forecast. Revenues and expenditures are shoun from ^Commission records from 1963 to 1969. These are then projected through 1990 according to the average dollar amount that each increased from 1963 to 1969. -142- FINANCIAL DATA AND PROJECTION FOR TRI-CITY AIRPORT HISTORICAL DATA PROJECTIONS Year Revenues Expenditures Year Revenues Expenditures Balance 1960 1970 390,639 379,670 +10,929 1961 1971 427,002 416,062 +10,940 1962 1972 463,365 452,454 +10,911 1963 136,099 124,925 1973 499,728 488,846 +10,882 1964 149,327 135,830 1974 536,091 525,238 +10,853 1965 190,652 174,913 1975 572,454 561,630 +10,824 1966 222,354 212,644 1980 754,269 743,590 +10,679 1967 229,414 220,758 1985 936,084 925,550 +10,534 1968 291,904 320,653 1990 1,117,899 1,107,510 +10,$89 1969 354,276 343,278 SOURCE OF REVENUE (1963-1969) Airfield Area Hangar Area Old Terminal Area New Terminal Area Annual Increase Amount of Annual Increase 32.0% 12.2% 2.0% 54.0/o not determined $36 j 363 PATTERN OF EXPENDITURES (1963-^X969] General Administration 22.2% Operation and Maintenance 50.8^ Contingency 23.1% Debt Service 3.9% Amount of Annual Increase $36,392 -143- * * ANALYSIS It should again be cautioned that the projections made are limited by the information available and the assumption that all other factors uill represent': only an extension and expansion of the status quo. Unfortunately for these projections, but fortunately for local governments, the financial picture is not so fixed. The reasons for the likely changes are well described in the Saginaw County Metropolitan Planning Commission's report, "Goals and Objectives" (March 1970, p. 66); "A primary local obstacle in dealing with problems of community qrouth is lack of finances. The property tax - is overworked, and present methods of returning federal resource to the State and Local units under the categorical grant-in-aid programs has proven to be inefficient, duplicative and confusing. For the most, actions in responses to local problems have been motivated and dictated by the federal programs, however, the red tape has been long and the funds very short. Appropriate local solutions have not been forth coming which are coordinated and up-to-date challenge faced. The array of programs have served, however, to point up the need for coordination and current efforts as grant consolidation and revenue sharing offer hope for greater capacity to deal locally with the problems manifested at +-he local level." If any of the proposed changes occur it is likely that Saginaw County government could have greater resources available if current federal concepts of national welfare reform become law. Under most existing proposals the county would be freed of some or most of its contributions to, or administration of, welfare programs. Under existing patterns, this would free considerable funds for other purposes. The exact nature and amounts are highly subject to the final law passed by Congress. The county would also benefit from the proposed five ($5) billion dollar revenue sharing fund. In February, 1971, the United States Department of Treasury estimated that Saginaw County government would receive $564,220 in Federal Aid. Some aid, of course, merely replaces existing federal aid programs, but there would be a net gain. A further proposed special eleven ($11) billion dollar revenue sharing plan would naturally increase the gain considerably. Although cities, villages and townships would receive no direct benefits from welfare reform, they would get a slice from the revenue sharing program. It must be rem¬ embered, however, that these are not 'nbt gains in most cases because revenue sharing would replace existing functional programs of the federal government. These revenue shares are incomplete and based on 1960 census breakdown, and are therefore only guidelines. Governmental structures and organization should also'bo highly dynamic in the next twenty (20) years. Certainly Saginaw, Carrollton, Bridgeport and possible other town¬ ships will have to consider incorporation, annexation or some other approach to a truly urban government. Similarly discussion and study abounds regarding the reorganization of county government ot give it the authority and resources it needs. Naturally, a change in structure or form of the government would result in great changes in revenue sources, expenditures, and amounts. For school districts, it should be understood that the state is considering further consolidations and reorgan¬ ization of local school districts. Furthermore, the governor's recent proposals would make education almost entirely a state function by eliminating local property taxes for schools and substituting an increased state income tax. It is within these dynamic conditions that the financial projections must be considered. But, if they do nothing else, they provide the basis for understanding why such changes are necessary. -145 15 BILHI ON GENERAL REVENUE SHARING FUND Saqinaw County 564,220 4,792,000 Chesaing l/illage 14,247 121,000 Saginaw City 1,338,020 11,354,000 Birch Run Twp. 1,648 14,000 Bridgeport Twp. 35,911 305,000 Buena Uist Twp. 27,552 234,000 Carrollton Twp. 25,903 220,000 Chesaning Twp. 1,413 12,000 Richland Twp. 1,060 9,000 Saginaw Twp. 70,056 595,000 St. Charles Twp. 235 2,000 Spaulding Twp. 706 6,000 Thomas Twp. 6,476 55,000 Tittabawassee Twp. 4,121 35,000 Rev. Sharing 1966-1967 Revenues in first 12 raised by months government Only towns with more than 2,500 population in 1960 are listed. 1970 data not yet available. Sources U.S. Department of the Treasury, February, 1971. Reprinted bys State of Michigan Executive Office of the Governor TABLE IV-1 COMPARISON OP SAGINAW COUNTY REVENUES WITH THOSE OF GENESEE AND KENT COUNTIES FOR THE 1968 FISCAL YEAR Saginaw County Genesee County Kant County ~ Per T^SroanT Per Percent Per Percent Revenue Category Afsssunt Capita Total Amount Capita Total Ammant Capita Total 1. Property Taxes $ 5,34S,359 124.82 46.4 % 9,737,974 $22.47 38.3 I §,968,840 $24.71 43.6 2. Revenue from Other Agencies 4,584,722 21,28 39.8 9,494,204 21,91 37.4 8,109,438 20.12 35.5 3. Non-Business License and Permits 48,083 .22 0.4 234,648 .54 0.9 122,770 .30 .5 4. Business Licene3e and Permits 22,437 .10 0.2 28,439 .07 0.1 19,029 .04 .2 5, Fines, Forfeitures and Penalties 59,554 .28 Q.5 150,914 .35 0.6 106,620 .26 .5 6, Use of Money and Property 687,562 . 3.19 6.0 1,377,216 3.18 5.4 611,602 1,52 2.7 7. Revenue from Current Services 458,714 2.13 4.0 1,277,042 2,95 5.0 1,§10,159 4.74 8.4 8. Sales 9 6,367 .03 0.1 71,141 .16 0.3 635,390 1.58 2.7 9. Reimbursements 292,829 1.36 2.5 2,043,723 6.79 11.6 1,275,058 3.16 5.6 10. Refunds and Rebates 15.543 .07 0.1 94.153 .21 0.4 76*170 .19 , • ? Total Revenues 811,521,080 853.46 100.0 $25,409,454 $58.63 100.0 122,824,076 $56.62 100.0 Source: Michigan County Government Financial Repart for the Year Ended December 31, 1968 State of Michigan, Department of Treasury, Local Audit Division SCMPC 7./71 . i -145a- CONCLUSIONS AND RECOMMENDATIONS CONCLUSIONS AND RECOMMENDATIONS Collection of Financial Data One of the major problems in this analysis has been acquiring the data and structuring it in a usable fashion. The data comes from a uide variety of sources; The annual reports to the Michigan Municipal Financial Commission; annual summaries and audits of individual local govern¬ ments; the Saginau County Intermediate School District; statistical abstracts of financial data for the state; Michigan County Government Financial Reports from the State Department of Treaurys and even local newspaper articles on finances and budgeting. Because of the uide variety of sources, and equally uide variety of structuring of financial data uas faced. This results in problems uhen trying to compare and collate the information. Because of these problems, the value of having such information must be fully explored before attempting to streamline the input of information. There is no value in accumulating the data if it is not used for some purpose sufficiently valuable to justify the expense and work involved. After exploring the uses of financial information, the Saginau County Metropolitan Planning Commission staff determined the following goals and purposes for centralizing financial information on a county-uide basiss 1. To serve as a clearinghouse of community data and statistics; to assemble and record community commitments on a continuing basis and to show their relationship to the community's fiscal potential; 2. To maintain an up-to-date accounting of existing revenue sources and to pinpoint new sources of revenues to make five-year projections per¬ taining to total requirements. 3. To assist local bodies in coordinating fiscal plans to suggest priorities for projects of area-wide scope; to recommend area-wide fiscal goals. 4. To analyze StaTe and Federal legislation with bearing on area-wide fiscal situation, and recommend changes deemed necessary. 5. To suggest reorganization of certain service functions with area-wide impact. 6. To prepare and release annual statements on the state of the region's financial health.* * The first six objectives are identical to those proposed in "Fiscal Planning for an Urban Community", 1965, Urban Redevelopment Authority of Pittsburgh and Redevelopment Authority of Allegheny County. 7. To provide the necessary financial data for annually updating the proposed county-wide capital improvements program. Without the financial data, no realistic capital improve¬ ments program could be made. If these reasons justify the coordination of financial information (as this office believes it does). A more complete analysis of data available uill have to be made, and procedures developed to insure the information is available and properly used. Administration of Financial Programming If a data input system is developed, the informationuill have to be utilized by a responsible official or group to develop the necessary programs and reports that uill be made available. The exact nature of reports should result from discussions uith interested local officials. Since a similar coordination uill be recommended for the captial improvements program, it would be logical that the same officials or group would work with the two (2) interrelated programs.* * See Appendix for discussion of alternative methods of .administering such a program. Because of the quality and nature of the data involved, tho use of electronic data processing equipment would add to the speed and quality of summaries and reports. A computer program for financial inventory data could be matched with a similar program for capital improvements. Great care must be taken, however, to insure that all relevant information is gathered without cluttering the process. Of tremendous value in any future financial studies, particularly on an annual basis, would be inclusion of all aspects of public finance in Saginaw County. This would include public utility funds, building and site funds, building authorities, debt retirement funds, and other special functional funds that have not been included in this report because of the tremendous volume of data to be condensed and budgetary and time constraints in preparing the initial study. Utilization of electronic data processing would greatly alleviate some of those problems and permit this more broad data base to be inventoried, analyzed and forecasted. At any rate, a great deal of care is necessary in establishing an annual program of financial study, but the data is available and would be well worth the effort of establishing a method of properly analyzing and utilizing it. APPENDIX A MICHIGAN STATUTES PERMITTING FINANCING OF PUBLIC WORKS ON A COOPERATIVE BASIS County Department of Public IJorks Act 185 of the Public Acts of 1957 The agency of the county may handle the following works 1. Acquire a water supply system within any one or more areas in a county, and to improve, enlarge, extend, operate and main¬ tain such system. 2. Acquire a sewage disposal system within any one or more areas in a county and to improve, enlarge, extend, operate and main¬ tain such system. 3. Acquire a refuse system within any one or more areas in a county and to improve, enlarge, extend, operate and maintain such system. A department of Public works can contract with any county, city, village, township, charter township, drainage district,, or authority existing under the laws of this state. A department of public works is formed by a resolution of the county board of commissioners approved by a 2/3rds vote of the total membership of the board. The county board of commissioners has general control and the board of public works has immediate control over the operation of a department of public works. A board of public works is appointed!by the county board of commissioners and may consist of three, five, or seven citizens of the county and are appointed for-'three- year staggered terms. Members of the board of commissioners may be appointed to the board of public works and their term on this board expires with their term on the board of commissioners. The county drain commissioner is also a member of the board of public works during his term. The county board of commissioners sets the compensation of the board of public works. Said board may employ a director and employees and set budgets. The county board of commissioners may appropriate money to the department of public works. As an alternate, a county board of commissioners may, by a 2/3rds vote of the total membership, designate (or remove) the county road commission as the board of public works in any county. Ulhen a board of public works is so organized, the drain commissioner is not a member of the governing board. The county may acquire outside its corporate limits; water, sewage, or refuse systems — "upon the consent pressed by a contract with or resolution of the governing body of the municipality or municipalities in such adjoining County or Counties in which such part of such system is to be located or which is to be served by such part of such system." (NOTE: This enables an area to cooperate for any or all of the three services.) If a department of public works were formed . in only one county, they could contract with municipalities in another county for services. However, when it comes to bonding for facilities, tho municipalities in the other county would have to raise their funds through revenues from the system or systems. Once a department of public works has been established by a 2/3rds vote of the county board of commissioners, it takes only a majority vote of the county board of commissioners to approve the individual systems as they are established. It takes a 3/5ths vote of the members-elect of the county board of commissioners to issue general obligation bonds and to pledge the full faith and credit of the county as supporting the bond issues. (NOTE: This enables the bonds obtained by any constituient municipality, or lower. Such full faith and credit bonds will not require the extra fifty percent "cover" that is required of straight revenue bonds.) For example, if $100,000 is needed to pay bonds and interest in any year, it is necessary to raise #150,000 (or fifty percent cover) and deposit $50,000 in the bank or invested until sufficient reserves are set aside for the protection of bond buyers. This means that water or sewer rates have to be sufficient -149- to cover $150,000 and, therefore, uater and sewer rates are likely to ba fifty percent higher to the customer. Uhereas, uith a general obligation bond, the "fifty percent cover" is not necessary and the water and sewer rates, therefore, would be lower. A department of public works may finance facilities they are going to construct by any of the following methods or combinations thereof; 1. Revenue bonds under the provisions of Act 94 of P.A. of 1933. 2. Bonds secured by payments becoming due under contracts from municipalities participating in the work. 3. Bonds issued in anticipation of special assessments. 4. By monies advanced by the county under agreements that municipality or municpalities will repay same. 5. By monies advanced by public or private corporations, firms or individuals. Suon monies can ba repaid with interest not to exceed six percent (or without interest as may be agreed). The monies advanced can be repaid when conds are issued pursuant to this act. (MOTE; This would permit municipalities, developers, or individuals to advance funds to get plans and specificaticnsprepared toward getting the project underway or getting construction started .r 6. As mentioned above, the county board of commissioners, by 3/5ths vot.3 of the total membership, can issue bonds and pledge the full faith and credit of the county. The bonds and interest would be paid from revenues obtained from the municipalities who contracted for die work. Bonds can be issued for no longer than forty years and at not more than six percent interest. A department of public works may negotiate up to forty year contracts with municipalities. The municipalities, in turn, may raise funds by; 1. Service charges to users of the system or systems. 2. Special assessments on land benefited. 3. By connection charges. -150- 4, By setting aside state collected and returned reueues 5. Setting aside other available monies. "In each such contracts each contracting municipality shall pledge its full faith and credit for payment of its obligations thereunder and if the municipality has taxing power, shall each year levy a tax, which shall not be within any statutory or charter limitation, in an amount ... sufficient for prompt payment of that portion of the contract obligations as shall fall due before the following years tax collections." Any municipality may agree to raise all or any part of its contract obligation by one or more of the foregoing methods which may be available. The various powers in this Act granted to apy municipality shall be exercised through its governing body. Special assessments in one earlier version of the Act were permitted to not exceed thirty in number. In a version passed recently, as an amendment in include refuse disposal, the section permitting bonding up to forty years follows with this statement: "The foregoing provisions shall apply to special assessment bonds as well as other bonds." Either thirty or forty years seem enough for special assessments. A department of public works may make contracts with a city or other municipal corporation to transport water or sewage through their system or purchase of water from or disposal of sewage through the municipality for a period not exceeding fifty years. This also applies to purchase of refuse services. Special assessment procedures by the department of public works itself and condemnation procedures are established in the Act. There may be included (by the department of public works) as a cost of any project, engineering and legal fees, administrative expense during construction financing costs, reasonable contingencies, interest on bonds during construction (net to exceed six months) as cost of the project and supervising the work. Uith the approval of Act 63 of the Public Acts of 1957 , and approved by the Governor on 3une 20, 1967, a department of public works can nou be approved for any county in Michigan. (Previously only for counties over 75,000 population.) However, for refuse disposal only, a county above 400,000 cannot utilize Act 185, P.A., 1957. This prohibits Oakland and Macomb and Genesee Counties from providing refuse disposal service through a department of public uorks. They can, however, handle water and sewers through the department of public uorks. Act 342 of the P.A. of 1939, which is the county improvements act permits the department of public works to handle the refuse problem in counties of over one million. This would only apply to Uayne County at the present time. (NOTE; The drain commission can also handle refuse disposal under Act 342 of 1939, a description of which follows.) The County Public Improvement Act of 1939 Act 342, Public Acts of 1939 The Act provides for counties to establish and provide connecting water, sewer and/or sewage disposal improvements and services and garbage and/or rubbish collection and disposal facilities and services within or between cities villages, townships and township improvement districts, either within or without county limits. The Act permits the use of revenue bonds to finance facilities or with a 2/3rds vote of the members-elect of the county board of commissioners, bonds may be authorized pledging the full faith and crodit of a county or counties for such facilities. The general obligagion procedure is subject to referendum if petitions containing signatures of ten percent of che electors in the county -152- who voted for Governor at the last presidential election are submitted within , sixty days of the board of commissioners action. Bonds may be issued for up to forty yeers. In counties of over one million population the county board of commissioners may designate the county road commissions, the county drain commissioner, or the county department of public uorks to be the contracting agency with the municipalities. The county board of commissioners may designate a committee of the county board of auditors to sit as a board of review if complaints are received about the fees charged to any municipality. Bonds may be issued under authority of the Revenue Bond Act 94, P.A. 1933 or Act 202, P.A. of 1943. Act 342 also permits "any two or more adjoining counties to contracts, by resolution of their respective boards of supervisors, for establishment of any of the improvements facilities or services authorized by this Act and may contract for the joint establishment operation or maintaiance of any such improvements. Such contract shall provide for the establishment of an administrative agency to be composed from the membership of the respective county agencies, and such administrative agency shall have and pxercise all the powers and duties conferred upon a county agency under the provisions of this Act, except as the same may be specifically limited by the provisions of said contract. Any bonds issued to finance the construction of improvements under such contract shall be the joint obligation of all participating counties." A county must be paid by the participating municipalities for the facilities built for them through the revenues of the systems. The municipalities may use the various methods for raising funds as described under Act 185 (although the County Improvement Act does not list these in the same order.) The specific language in regard to taxes is as follows; "the levy of a tax on a taxable property in the city, village, or township, which tax, as to any municipal corporation, shall not be subject to any charter or statutory tax limitation." This gives broad powers to local government to finance their shares. This is an excellent Act for cooperation between counties and gives as much authority as any Act for accomplishing water, sewer or refuse disposal facilities or improve¬ ments . Sewage Disposal and Water Supply System Authorities Act 233 of the Public Acts of 1955 The Act provides for the incorporation of sewage disposal and water supply authority and is very comprehensive Municipalities who may form such authority (two or more) may include any county, township, charter township, incorporated city or village. The extent of facilities which may be constructed include a sewage disposal system and includes all interceptor sewers, storm sewers, sanitary sewers combined sanitary and storm sewers, sewage treatment plants, and all other plants, works, instrumentalities and properties uses or useful in connection with the collection, treatment or disposal of sewage or industrial wastes. The water supply system includes all plants, works, instrumentalities and properties used or useful in connection with obtaining a water supply, th9 treatment of water or the distribution of water. The Act contains the term "constitutient municipality". To be a "constituient municipality" means that the community has signed the articles of incorporation creating such authority. The "constituients" may be in one or more counties. After all constituients have signed, the articles must be published, filed with the clerk of the county in which the major portion of the territory lies, and the secretary of state. Incorporation is valid if no court of competent jurisdiction questions them within sixty days after filing with the county and state. -154- (NOTE: Some authorities have one vote for each constituient municipality. Some have representation of one person from each municipality who has voting pouer agreed upon equal to one vote for "x" million gallons of uater purchases from the authority during the last fiscal year. Generally, there is limitation on this so that one municipality will not eventually control the votes. In both types of representation, municipality uill not eventually control the votes. In both types of representation, there does not seem to have been any difficulty. The authority is a cooperative arrangement for the good of an area as uell as the constituient municipalities individually. The representative on the authority from each municipality is appointed by the governing body of each). The authority has broad powers. It may acquire and dispose of property in connection with its services and may condemn property needed. It may issue revenue bonds and construct facilities on authority of its governing body. There are certain safe¬ guards in the Act which protect the bond purchasers. Constituient municipalities pire authorized to make forty year contracts with the authority; are authorized to pay necessary charges through revenues charged to their own customers, special assessments, connection charges, and may pledge the full faith and credit of the municipality. Before the time of each annual tax levy the contracting municipality may levy an amount sufficient to pay that portion of the obligation due before the time of the following years collection. No limitation in any statute or charter shall prevent the levy and collection by each contracting municipality of the full amount of taxes necessary for the payment of said contractual obligation. Other funds of the city may also be used to pay the obligations to the authority. Other municipalites who may contract with the authority may do so by resolution of its governing body, but subject to referendum if petitions are signed by ten percent of the registered electors within thirty days after publications of the resolution by the governing body. Additional municipalities may join the authority by proper resolution of their governing body and providing every other governing body of constituient municipalites approve. If Amendment is needed to the articles of incorporations each governing body of the constituient municipalites must approve and the Admendment published and procedure followed as in the first instance of incorporation. "The legislative body of each municipality which is a member of the Authority is authorized to raise, by tax or pay, from its general funds, any moneys required to be paid by the articles of incorporation for administrative expenses or for the purpose of obtaining maps, plans, designs, specifications and cost estimates of a proposes seuage disposal system or water supply system. The authority shall have no direct taxing power." The purpose of this section of the Act is to enable constituient municipalities to advance funds to obtain plans and specifications for proposed construction before a bond issue is sold. The funds advanced may be repaid to the constituient municipalities and applied toward their obligation in the construction project. Incorporation of Municipal Authorities to Acquire Own and Operate Uater Supply Systems Act 196, Public Acts of 1952 Any two or more cities, villages, or townships may incorporate an authority for the purpose of acquiring, owning, and/or operating a water supply system or systems. Articles of incorporation must be approved by each constituient municipality and should contain the purpose, name, voting power of constituient municipalities. The governing body may vote to join such authority by resolution. -156- The authority has as much power to acquire property as within Act 233 of 1955. However, the authority may only issue rev/enue bonds under authority of Act 94 of the P.A. of 1933. These bonds will require "qover" of fifty percent above the bond and interest requirements each year as security to the bond holders, until sufficient reserves are set aside. It may contract with other local government units to purchase or sell water and it may charge more to nonconstituient units if it so desires (this may also be done under Act 233 of 1955). Municipalities may raise monies to pay their share of the obligation through the same methods as permitted for revenue bond financing in their oun community, by service charges, rates, and by tax funds if necessary. However, there is no provision in this Act permitting any community to go beyond charter or statute limitations. This is one of the "earlier" authority acts and broader powers are granted in Act 233 of 1955. Metropolitan District Act Act 312, of the Public Acts of 1929 This Act was one of the first acts providing for intergovernmental cooperation through the formation of water supply, sewage disposal, parks or transportation districts that have taxing power and bonding authority in order to supply these services to areas voting (by the people) to join such a district. In voting to join such a district, the voters automatically authorize up to 5 mills property tax rate to finance the services desired. The services may also be paid for by special assessment or service charges. The Beecher Metropolitan District was formed under this Act. Garbage or Rubbish Collection and Disposal Authority: Operation of Dog Pound Act 179 of the Public Acts of 1947 This Act permits the governing bodies of two or more cities, villages or townships to collect or dispose of garbage and rubbish through an authority formed for that purpose. The adoption, publication and approval of the articles of incorporation are the same as mentioned in the previous acts. Bonds may be issued for a period of thirty years. They are revenue bonds and require "cover" as outlined previously. The constituient municipalities may pay for the service through charges or from within the tax limit of each municipality. This authority may also operate a dog pound. County Drain Commissioner Under what is known as "Chapter 20" (and also Chapter 21), a county drain commissioner may be petitioned by the governing body of one or more municipalities to establish sewers or drainage facilities. Financing may be by special assess¬ ment' by the municipality against the property benefited in their community or it may be spread as an assessment at large and paid through the general tax roll of the community. Such tax levy may be over and beyond any charter or statute limitation of the municipality. Debt incurred is also beyond any statute limitation of the individual communities, as to bonded debt limit. After the petition to the drain commissioner, a public hearing is held by the drainage board which consists of the chairman of the county board of commissioners, the chairman of the finance committee of the county board and the drain commissioner. If they approve of the petition, the county drain commissioner then has full power to proceed. The procedure from this point on is solely under his control. -158- The full faith and credit of the county is pledged for repayment of bonds just as in the Department of Public Works Act or the County Improvement Act of 1939. Provisions of the Michigan Constitution Providing for Cooperation between Governmental Units Article VII, Section 27 provides; "Notwithstanding any other provision of this Constitution, the legislature may establish in metropolitan areas additional forms of government or authorities with powers, duties and jurisdictions as the legislature shall provide. Wherever possible, such additional forms of govern¬ ment or authorities shall be designed to perform multi-purpose functions rather than a single function." Article VII, Section 28, encourages the cooperative approach between local govern¬ ment units and suggests that they enter into contracts "or agreements with one another or with the State of which any combination thereof for the joining administration of any of the functions or powers which each would have the power to perform separately 5" There is advantage to having multi-purpose authorities as the cost of administration will be lower for each. For example, the Southeastern Oakland County Incinerator Authority is composed of fourteen municipalities and is controlled by a board of directors appointed by the governing bodies of these municipalities. The South¬ eastern Oakland County Water Authority is composed of ten municipalities (some of the same fourteen in the Incinerator Authority). The same representatives are sometimes appointed to both authorities and they share the same administrative staff, office building and personnel. The shares of administrative cost are agreed upon by both authorities' board of directors and there has been excellent cooperation. -159- APPENDIX B DATA TO BE MAINTAINED AND UPDATED It is recommended that certain data items inventoried during the process of conducting the Financial Inventory and Analysis be maintained and up-dated on a continued basis. By doing so, a data base will be provided which will enable continued evaluation of the government and financial character¬ istics of the various governmental jurisdictions in Saginaw County. It is not necessary that the data be tabulated in the manner as shown in this report. However, if similar tabulations are deemed desirable, all necessary data can then be obtained from the files of the Saginaw County Metropolitan Planning Commission. Following is a list of data items which should be up-dated and maintained on an annual basis: 1. Equalized valuation for all governmental jurisdictions. 2. Annual tax millages levied by each governmental jurisdiction. 3. Revenues and expenditures by each governmental jurisdiction. U. Bond issues and resolutions authorizing such issues passed by each governmental jurisdiction. 5. Changes in state law or local charter provisions which would affect governmental jurisdiction's ability to operate and/or provide services and facilities. In order to inventory the above data on an annual basis, it will be necessary to collect reports and data from the following sources: 1. Saginaw County Equalization Department Data on equalized valuation for local governmental units and agencies and data on tax millages levied by all governmental jurisdictions in the county. -160- 2. Local Governmental Units and the Saginaw County Treasurer's Office A. Annual financial statements or audit reports, indicating revenues and expenditures for each year. B. Information on changes in charter provisions for cities and home rules villages which affect their ability to provide services and facilities. 3. Saginaw County Intermediate School District A. Annual financial statement indicating sources of revenues and types of expenditures for the district. B. Copy of the School District Summaries and Information Report, indicating financial statistics for each local school district, 4. Saginaw County Controller's Office Information on revenues and expenditures for county government. 5. Compiled Laws of Michigan Information concerning changes in state legislation which might affect the operation and-or provisions of facilities and services by governmental jurisdictions. By collecting and maintaing the information listed above, the Saginaw County Metropolitan Planning Commission can maintain an up to date base uppn which future decisions can be made concerning the organization and financial characteristics of governmental jurisdictions in the county as related to each jurisdiction's ability to finance facilities and services as they become necessary. -161- PROGRAM CONSIDERATIONS Possible solutions to the community-wide fiscal dilemma must be weighed in the light of two observations which merit emphasis: 1. Many different units of government and many different agencies will continue, in the foreseeable future, to carry out the management of the urban public sector in the Saginaw Metropolitan Area. Mo evidence is on hand to indicate that any significant consolidation of com¬ munity services can be anticipated. But it is now imperative that local communities beset by mutual problems bo given an opportunity to study and plan together both in their own interest and in the broad interest of the total community. 2. There is every reason to believe that Saginaw County on the basis of existing sources of capital, now has—and will have in the years just ahead sufficient ability to maintain, improve and enlarge the total community service effort. But to do so, the community must learn how to adopt the right resources to the right problem at the right time. This moans that responsibility for community services must be allocated to governmental and private units most qualified and best suited to meet the specific need. It is not suggested here that an official body be set up to exercise dictatorial authority over all or any of the autonomies operating in the community service field. Rather, the basic proposal is that there be developed for Saginaw County a sort of public forum for dispensing information, creating broad understanding of fiscal matters and building a reserve of sound public opinion. -162- Whether it takes the form of a commission, a committee, a council, or a seminar, is not of primary- importance . It is important that all segments of the community service field be represented. In Saginaw, for example, it might include representatives of: The central city and county governments; suburban and rural governments; the City, County, and Parochial school systems; public and private institutions of higher leaning; Hospital Council or Planning Association; United Fund and/or Community Chest; Health and Welfare Association; local private foundations. This group would not bo empowered to initiate projects, to order revisions of local programs, or to veto any local projects. Nor would it raise or disburse funds except perhaps relatively small amounts necessary to engage in modern data collection and processing practices. As envisioned in this study, its prime functions would be: 1. To serve as a clearinghouse of community data and statistics; to assemble and record community commitments on a continuing basis and to show their relationship to the community's fiscal potential. 2. To maintain an up-to-date accounting of existing revenue sources and to pinpoint new sources of revenue; to make five-year project!ons pertaining to total requirements. 3. To assist local bodies in coordinating fiscal plans, to suggest priorities for projects of areawide scope; to recommend areawide fiscal goals. 4. To analyze State and Federal legislation with bearing on areawide fiscal situation, and recommend changes deemed necessary. 5. To suggest reorganization of certain service functions with area- wide impact. 6. To prepare and release annual statements on the state of the region's financial health. -163- TAX RATES FOR GOVERNMENTS IN SAGINAW COUNTY AS PERMITTED BY THE STATE CONSTITUTION AND STATUTES County Governments Saginaw County governments basic operating funds come from the fifteen mill property tax allowed by the state and which must be divided with school districts and townships. Saginaw County government currently collects eight mills which is divided as follows: County Operating 5.00 mills Court House Complex .70 mills Saginaw Inter. School .15 mills Saginaw Special Ed. .75 mills Delta College 1.bo mills Currently, this allottment is frozen by the electorate and does not change from year to year. Townships Twenty-five of the twenty-seven townships in Saginaw County are regular townships and receive one mill for 2 operation as guaranteed by state statute . In addition to this mill, townships may levy additional millage 1 ' ~ ' " ~ "Government and Finance Conclusions Report" Feb. 1970, Donald M. Oakes, Consultant to Genesee County Metropolitan Planning Commission. 2 Except Spaulding Township which does not levy its per- missable one mill. for specific services, providing there is a termin¬ ation data and providing it is approved by the electorate. The types of services permissible under special rnillago include fire, police, libraries, parks and recreation, and roads when the receipts are turned over to the Saginaw County Road Commission. Normally, these millages are for fifteen to twenty years. Charter Townships Charter townships are considered municipal corporations and are authorized to levy up to five mills without voter approval. There are currently two charter town¬ ships in the county. These are Bridgeport Charter Township and Buena Vista Charter Township, and they levy two and throe mills respectively at this time. Vrll lagos Villages are limited by law to twelve and a half mills of tax. Furthermore, there are categorical limits within which this money may be allocated. These are: Streets and Highways 5 mills Cemeteries 1 mill Debt Sinking Fund 5 mills Garbage Disposal 2 mills Homo rule villages (none in Saginaw County) can vary their tax rate up to twenty mills and have more flexibility in expenditures. -165- Cities All three cities in Saginaw County are Home Rule Cities, which means that charters are individually written with a broad framework; the maximum permitted is twenty mills. The City of Saginaw Charter limits the City 10 mills for operating purposes. The City of Frankenmuth uses the full 20 mill limit and the City of Zilwuakeo is limited to 10 mills for operating purposes. Additional millage is available. -166- STATE TAX 1960-1961 1961-1962 Sales Tax $8,738,088 $10,317,238 Tax " 503,530 Business Activities Tax 829 ,191 758,954 Intangibles Tax 464s041 498,502 Inheritance Tax 219,867 440,559 Income Tax TOTAL COLLECT I QMS $10,251,187 $12,578 ,783 COLLECTIONS IN SAGINAU COUNTY 1962-1963 1963-1964 1964-1965 1965-1966 1966-1967 $11,089,429 $12,093,701 $12,353,353 $14,755,636 $15,077,333 482,233 627,111 694,015 1,031,030 789,296 828,155 887,283 1,067,066 1,289,675 1,379,337 547,817 558,424 637,221 699,024 735,819 178,375 264,536 506,970 392,047 383,431 $13,126,009 $14,431,055 $16,258,625 $18,167,412 $18,365,261 -167- DATA SOURCES (PUBLISHED) Fiscal Planning for an Urban Community, 1965, Urban Redevelopment Authority of Pittsburgh and Redevelopment Authority of Allegheny County. Financial Report of Michigan County Government, 1960, 1961, 1964-^1969 issues, Auditor General's Office, State of Michigan Annual Fiscal Report to Michigan Municipal Finance Commission generally the years 1955, 1960, 1963-1968, all local political units of government. School District Summaries and Information Report , generally the years 1955, 1960, 1963-1968, filed by individual school districts to the state through the Saginau County Intermediate Board of Education. Annual Report on Saqinau County Equalized Value, 1955, 1961, 1963-1971, County of Saginau, Office of the Equalization Director. Approximate Saqinau County TSx Rates , 1968, 1969, 1970 Saginau County, Office of the Equalization Director. Genesee County Government and Finance Conclusions Report February 1970, Donald M. Oakes, Consultant to Genesee County Metropolitan Planning Commission. Estimated Allocation of 5 Million Dollar General Revenue Sharing Fund, Feb. 1971, U.S. Department of Treasury, reprinted and circulated by State of Michigan, Executive Office of the Governor. Tounship of Saqinau, Audit Reports, March 1960 to March 1971, Uager, Lunt, and Hehmann for Saginau Tounship. Capital Improvements Program, Tounship of Saqinau 1971-1977 June 1971, Saginau County Metropolitan Planning Commission for Saginau Tounship Planning Commission. Annual Report, Department of Finance, 1955-1970, City of Saginau. Goals and Objectives , March 1970., Saginau County Metropolitan Planning Commission. (UNPUBLISHED) Laus, Ordinances and Financial Inventory and Analysis, November 1969, Saginau County Metropolitan Planning Commission. Village Financial Data, Other Information, Oune 1970, from files of Saginau County Treasurer. 68- ACKNOWLEDGEMENTS In addition to the data sources cited previously,, a great deal of information uas received over the phone from cooperative local government officials. The cooperation of these officials is greatly appreciated, though—of course—they bear no responsibility for the use of the data. Additional data uas also obtained from numerous articles in editions of the Saginau Neus, but the instances of this are too numerous to warrant listing. Appreciation is due to the Michigan Municipal Finance Commission, Saginau County Intermediate School District, and Saginau County Treasurers Office for the personal assistance they frequently gave. It is hoped that the cooperation uith all individuals uas mutually beneficial and that continuing relations can be maintained for the preparation of annual financial reports in greater depth. -169- SAGINAW COUNTY METROPOLITAN PLANNING COMMISSION Charles H. Stevens, Chairman Daniel Toshach, Mice Chairman James Collison Robert Denison Elmer Frahm Ronald Heinlein H. C. Huggins (Rev.) Robert Loomis- Chris Peterson Julius Sutt,jo^ Grant Man Buskirk » Martin R. Cramton, Jr. A. Howard Kundinger Gary Calame Paul LeBlanc Armand J. Armstrong Michael R. Mikolajski Mito DeFrancesco Marceline Ferris Vicki Korbein Lynn Krueger* Ron Reisig* Jonita Byrd* Wayne Garchou* Pam Webster* *Part-time STAFF Director Senior Planner Associate Planner Research Planner Planning Technician Draftsman Draftsman Principal Clerk Senior Clerk Student Helper Student Helper Student Helper Student Helper Student Helper