2008-2009 - Saginaw County

SPECIAL REVENUE FUNDS (Concluded)
Revenue Sharing Reserve Fund - This fund is used to account for the collection and distribution of
property taxes in accordance with Public Act 357 of 2004 which provides a funding
mechanism to serve as a substitute to county revenue sharing payments. This substitute
funding mechanism involves a gradual shift of county property tax millage from a winter
tax levy to a summer tax levy over a course of three consecutive years. It is subject to the
budgetary requirements of Act 2 of the Public Acts of 1968, as amended.
Special Projects Fund – MSU Extension - This fund is used to account for the operations of the
various grant-in-aid programs and administration of the Saginaw County MSU
Cooperative Extension. Money for the operation of this fund is supplied from federal and
state grants and contributions from other County funds. It is subject to the budgetary
requirements of Act 2 of the Public Acts of 1968, as amended.
Social Services Fund - This fund is used to record and account for the operations of the Saginaw
County Department of Human Services. The Saginaw County Department of Human
Services has a separate accounting system which is prescribed by the State Department of
Treasury and the State Department of Human Services. It receives revenues from federal
and state grants for welfare recipients and reimbursements from recipients. In addition, it
receives general fund appropriations for the operation of the Department of Human
Services Board. It is subject to the budgetary requirements of Act 2 of the Public Acts of
1968, as amended.
Child Care Fund - This fund is used to account for the foster care of children under the authority
and administration of the Saginaw County Department of Human Services and the
Saginaw County Probate Court-Juvenile Division. Money for the operation of this fund is
supplied from federal and state grants, reimbursements for services performed, and
general fund contributions. It is subject to the budgetary requirements of Act 2 of the
Public Acts of 1968, as amended.
Veterans' Relief Fund - This fund is used to account for services provided to indigent veterans.
Money for the operation of this fund is supplied from contributions from the General
Fund. It is subject to the budgetary requirements of Act 2 of the Public Acts of 1968, as
amended.
Veterans' Trust Fund - This fund is used to account for the operations of the Saginaw County
Authorized Agent for the Michigan Veterans Trust Fund. Money for the operation of this
fund is supplied from state grants. It is subject to the budgetary requirements of Act 2 of
the Public Acts of 1968, as amended.
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