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09. Special Revenue Funds - TIFS & OtherAIRPORT TAX INCREMENT DISTRICT "B" FUND: 2185-000-430300/470240/460430 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash Total Beginning Cash REVENUES 335230 State Entitlement 371010 Investment Revenue 383001 Transfer from Debt Service Total Revenue Total Available EXPENDITURES Personal Services M & 0 and Redevelopment Total Expenditures ENDING CASH Cash Carry Over ACTUAL BUDGET ACTUAL I I BUDGET FY15/16 FY16/17 FY16/17 FY 17/18 $963,930 $1)413,508 $1,413,508 $11)786.1485 $9637930 $11-413 508 $1,413,508 $1,786,485 $42,671 $7,891 $450,000 $42,671 $9,000 $350,000 $421)672 $155390 $350,000 $42,671 $155000 $3501)000 $5001>562 $401,671 $4087062 $407fi71 $174647492 $15815J79 $1,821,570 $2, 194,156 $22,308 $28,676 $247765 $12760,843 $23,951 $115134 $24,567 $2,0 115575 $501984 $1,78508 $35,05 $2,03651.42 $1,413,508 $29,571 $1,786,485 $158,014 PROGRAM DESCRIPTION Bonds sold in September 2005 required that all taxes be deposited in the debt service fund. The same will be true of any additional bonds sold for the redevelopment of the airport. Once debt service obligations are met, funds remaining can be transferred to this fund for use with other approved tD ZZ projects. 47 AIRPORT TAX INCREMENT DISTRICT FUND: 2185-000-430300/470240/460430 EXPENDITURE DETAIL ACTUAL FY15/16 BUDGET FY16/17 ACTUAL FY16/17 BUDGET FY17/18 480 470240 Personal Services: FTE's 0.35 0.35 0.35 0.35 110 Salaries $18,227 $20,256 $19,349 $19,988 153 Health $2,07 $2,935 $35058 $2,963 155 Retirement $1,394 $1,526 $ 1 J96 $11-568 Subtotal $221>308 $245717 $231)903 $24:1519 345 Telephone & Communication $48 $48 $48 $48 Subtotal $48 $48 $48 $48 000 430300 Airport 353 Auditing $1,600 $I P600 $1,600 $100 356 Legal Survey/title search/appraisals/ contract services $0 $0 $291 $0 522 Administrative transfer $8!-674 $9,243 $9,243 $9,975 840 Redevelopment activity $18,354 $1,750,000 $0 $2,000,000 Subtotal $28,628 $1 ,3604)843 $11,134 $2,0 1115 75 Total $50,984 $1,785,608 $35P085 $2,036,142 48 WESTSIDE TAX INCREMENT DISTRICT Itctl FUND: 218 8 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Operating Total Cash REVENUES 311100 Real Estate Taxes 311200 Personal Property Taxes 312000 Penalty & Interest 335230 H13 124 Entitlement 341015 Developer payment -Depot Place Apt 365015 FCEDA Contributions to Tiger Grant 371010 Investment Earnings 381030 Proceeds of bonds Total Revenue Total Available EXPENDITURES Personal Services Distribution or Redevelopment Tiger Activity Total Expenditures ENDING CASH Operating 0 I I ACTUAL I BUDGET I ACTUAL I BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $4,008,568 $3,946,859 $3,946.1859 $4,004;p 198 $4,008,568 $33946,859 $3,946,859 $4,004 , 198 $8,176 $260,000 $276,407 $2 1 O,000 $21,890 $20)000 $0 $0 $357 $0 $362 $200 $243,128 $243,128 $243,128 $243,128 $8,461 $8,500 $8574 $8:500 $2,550 $0 $5,325 $0 $28,073 $30,000 $4 L> 119 $15,000 $0 $0 $0 $500,000 $3127635 $561 ,628 $574,915 $5,476,828 $41X1.1203 $4,508,487 $4,521,774 $9,481,026 $45540 $52,877 $50,216 $52,205 $271 ,419 $42,804 $49,200 $1,202,158 $571385 $4,000,000 $418,160 $8,107,000 $374,344 $4,095,681 $517,576 $9,361 ,363 $359461-859 $412,806 $4,004,198 $119,663 PROGRAM DESCRIPTION The Westside Urban Renewal District was created to help redevelop the Gateway Mall area and assist with the Storm drainage problems in the area. Ordinance 1704 expanded and extended the life of the Westside Urban Renewal District for 25 years with the sale of an Urban Renewal Note in the amount of $5001,000 to Rocky Mountain Bank. The District has since been expanded to include the Core Area Redevelopment Boundary. mt WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 EXPENDITURE DETAIL COMMUNITY DEVELOPMENT Personal Services 480470230 110 Salaries-Admin 153 Health 155 Retirement Subtotal 353 Audit 354 Contract services 356 Telephone 840 Transfer to debt service Fund 3188 842 Transfer to debt service Fund 3188 522 Administrative Transfer 720 Redevelopment Subtotal 470240 Tiger Grant Activity 720 Tiger Grant Redevelopment 840 Transfer to Tiger Grant -fund Total I I ACTUAL I BUDGET ACTUAL I I BUDGET FY 15/16 ff 16/17 FY 16/17 FY 17/18 FTE'S 0.66 0.65 0.65 0.65 $37,673 $43,983 $41,500 $43,230 $4,989 $511558 $5509 $55599 $2,878 $3,337 $3,207 $3,375 $45540 $521,1877 $50,216 $52,205 $2,000 $2,000 $212000 $3,000 $0 $51000 $0 $5,Poo $192 $0 $192 $192 $32,340 $32,340 $33,844 $40,000 $0 $0 $0 $200,000 $31)198 $3,464 $3,464 $3,966 $233,689 $0 $9,700 $9501000 $271,419 $427804 $49,200 $ 1 ,20271 5 8 $57,385 $411000,000 $418)160 $0 $0 $0 $0 $87 107,000 $374,344 $4:05fi81 $517,576 $9,361,363 50 2310 OLD SCHOOL STATION TIF-TECHNOLOGY "G11 FUND: 2310-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Operating Cash -Redevelopment REVENUES 311110 Real Estate Property Taxes 311200 Personal Property Taxes 315000 Penalty & Interest 335230 H13 124 Entitlement 371010 Investment Earnings 383001 Transfer from Debt Service -Reimburse Total Revenue Total Available EXPENDITURES 355 Glacier Investment Reimbursement 356 FED -EX Reimbursment/Developer agreement 820 Operating Transfer-FY 14 Debt Service/FY 15 Comm. Dev Total Expenditures ENDING CASH 10100 Operating Cash -Redevelopment I ACTUAL I BUDGET I ACTUAL I I BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $25,429 $9,730 $97730 $16,695 $57,376 $57,000 $541.09 $60,000 $5,221 $5,000 $5,182 $53000 $328 $0 $0 $0 $3,057 $3,056 $3,057 $3,056 $172 $100 $150 $100 $0 $0 $0 $0 $6611 154 $65,156 $63!P088 $%1156 $9 1.5583 $74,886 $725818 $84,851 $11,215 $11,500 $10,841 $11,000 $10,638 $11 *)000 $10;282 $10,500 $60,000 $3500 $35,000 $%00 $81,853 $577500 $56,123 $815500 $9,730 $17,386 $16,695 $3,351 PROGRAM DESCRIPTION The Technology TIF was created to enable the development of the Tech Park by using the taxes paid by the property owners to pay down the Infrastructure SID debt. Additionally the tax revenue generated can be used for other redevelopment activities as provided by Montana law and the developer agreement. City Council, in July 2011, approved an agreement with Glacier Investment Properties, owner of Lot 7, to reimburse the SID costs from their increment. This is a similar agreement as we have with Fed -Ex. 5 t 2311 OLD SCHOOL STATION TIF-INDUSTRIAL "H" FUND: 2311-480-470210 PROJECTED REVENUE AND FUND SUMMARY I ACTUAL I BUDGET I ACTUAL I I BUDGET FY 15/16 FY 16/17 FY 16/17 FY 17/18 BEGINNING CASH 10100 Cash Operating -Redevelopment REVENUES 311.100 Real Estate Taxes 312000 Penalty & Interest 383001 Transfer from Debt Service -Reimburse Total Revenue Total Available EXPENDITURES 820 Operating Transfer-FYI.4 Debt Service/FYI 5 Comm. E Total Expenditures ENDING CASH 10100 Operating Cash -Redevelopment $121927 $121427 $12427 $7,413 $9,183 $317 $0 $9,000 $100 $0 $9,787 $53 $146 $10,000 $100 $0 $9,500 $911)100 $9,986 $10:1100 $22,427 $21)527 $221>413 $17,513 $1 0,000 $15,000 $15,000 $ 10100 $1 ONO $155000 $15,000 $1000 $125427 $6,527 $7,413 $71)513 PROGRAM DESCRIPTION The Industrial TfF was created to enable the development of the Tech Park by Using the taxes paid by the property owners to pay down the infrastructure SID debt. Additionally the tax revenue generated can be used for other redevelopment activities as provided by Montana Law and the developer agreement. 52 HEALTH -permissive levy FLTND: 2372-400-521000-810 REVENUE PROJECTION 21 0 260 260 24-0 BEGINNING CASH 10100 Cash on Hand REVENUE 311100 Real Estate taxes 311200 Personal Property taxes 312000 Penalty & Interest 335230 Entitlement Total Revenue Total Available EXPENDITURES 521000-810 Health Insurance -transfer to General Fund 521000-810 Health Insurance -transfer to PARKS ENDING CASH Cash Carry over ACTUAL FY15/16 I BUDGET FY16/17 I ACTUAL FY 16/17 I BUDGET FY17/18 $ 104P057 $ 53'J47 $ 53,147 $ 63,742 $ 845,333 $ 954,5000 $ 957,119 $ 9781-000 $ 16,427 $ 16,000 $ 21,396 $ 16,000 $ 1,305 $ 1,000 $ 1,367 $ 12000 $ 221025 $ 22,025 $ 22:313 $ 22,025 $ 8857090 $ 993,025 $ 111002,595 $ 1,01716025 $ 9891147 $ 1,046,172 1,055,742 $ 1,080,767 $ 850,i000 $ 9011000 $ 901,000 $ 9017000 $ 8600 $ 91,000 $ 91,000 $ 91,1000 $ 936,000 $ 9921000 $ 9925000 $ 992,000 $ 53,147 $ 54,172 $ 63,742 $ 887767 PROGRAM DESCRIPTION This budget is used to track the revenue from the permissive mill levy which provides funding for health insurance premium increases. Health insurance premiums are budgeted in the General Fund by department. The revenue generated from the permissive levy is used to make an operating transfer to the General Fund and Parks Fund. The State legislature restructured the method for calculating the amount to be levied with the permissive health levy. The calculation sets year 2000 as a base year and calculates the average increase per governmental employee times the number of employees. Since it is an average amount it is not necessary to adjust for single, married, 2 party, etc. The calculation takes into account the number of employees. 53