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H2. Res. of Intent 5997, Budget Amendment Community DevelopmentCITY OF City of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1997 KALISPELL Telephone (406) 758-7000 Fax - (406) 758-7758 REPORT TO: Doug Russell, City Manager FROM: SUBJECT: MEETING DATE: Rick Wills, Finance Director Call for Public Hearing Budget Amendments for FY2020 September 8, 2020 BACKGROUND: A public hearing is necessary prior to amending the City's fiscal year 2020 budget for the following fund. The Community Development Miscellaneous (2886) special revenue fund exceeded budget authority by $31,958. These costs which resulted from the closing cost of a lot sale at Old School Station, were not anticipated in the budget and require a corresponding amendment. RECOMMENDATION: It is recommended that the Kalispell City Council adopt Resolution 5997, a resolution of intent calling for a public hearing to amend the Community Development Miscellaneous Special Revenue Fund Budget of the City of Kalispell, Montana, as set forth in the 2019-2020 budget adopted by the City Council. FISCAL IMPACT: $31,958 fy20 budget amendment for fund 2886. ALTERNATIVES: Decline budget amendment request. ATTACHMENTS: Resolution 5997 Fiscal year 2021 CD Misc. budget with amendment. RESOLUTION NO. 5997 A RESOLUTION OF INTENT CALLING FOR A PUBLIC HEARING TO AMEND THE COMMUNITY DEVELOPMENT MISCELLANEOUS SPECIAL REVENUE FUND BUDGET OF THE CITY OF KALISPELL, MONTANA, AS SET FORTH IN THE 2019-2020 BUDGET ADOPTED BY THE CITY COUNCIL. WHEREAS, in the budget adopted by the City of Kalispell for the 2019-2020 fiscal year, certain detailed and itemized estimates of expenditures of the Community Development Miscellaneous Fund were not included at the time of adoption. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION 1. On the 21st day of September, 2020 at 7:00 o'clock P.M., in the Council Chambers, City Hall, 201 1st Avenue East, Kalispell, Montana, the City Council of the City of Kalispell shall hold a Public Hearing on the following amendment to the 2019-2020 fiscal budget: Community Development Miscellaneous Fund Redevelopment 2886-480-470210-795 $31,958 For the purpose of paying closing costs associated with the sale of Old School Station Property. SECTION 2. That notice of the passage of this resolution shall be published pursuant to Section 7-1-4127, MCA. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 8TH DAY OF SEPTEMBER, 2020. Mark Johnson Mayor ATTEST: Aimee Brunckhorst, CMC City Clerk Community Development - Miscellaneous FUND: 2886-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH: operating 10150 CASH: Old School Redevelopment REVENUES 371010 Interest/Misc. 373010 Interest from Old School Lot sale Reimburse from Old School TIFs Old School SID lot sale Total Revenue Total Available EXPENDITURES M&O Redevelopment/Grants/Transfers Total Expenditures ENDING CASH 10100 CASH: operating 10150 CASH: Old School Redevelopment amended ACTUAL BUDGET ACTUAL BUDGET FY18/19 FY19/20 FY19/20 FY20/21 $273,676 $264,880 $264,880 $255,585 $12,418 $68,194 $68,194 $116,766 $4,410 $740 $0 $75,000 $3,000 $0 $0 $65,000 $4,699 $5,376 $0 $87,900 $100 $14,820 $0 $0 $80,150 $68,000 $97,975 $14,920 $366,244 $401,074 $431,049 $387,271 $13,206 $19,964 $12,994 $45,704 $12,994 $45,704 $18,879 $310,085 $33,170 $58,698 $58,698 $328,964 $264,880 $254,886 $255,585 $31,621 $68,194 $87,490 $116,766 $26,686 38 Community Development - Miscellaneous FUND: 2886-480-470210 EXPENDITURE DETAIL amended ACTUAL BUDGET ACTUAL BUDGET FY18/19 FY19/20 FY19/20 FY20/21 Materials and Services: 210 Grant Administration Expenses/project exp 353 Auditing 373 Dues & Training 379 Meetings 396 Studies/Surveys & marketing 522 Administrative Transfers 528 Information Tech. Transfers 532 Office Rent new bldg Total Materials & Services Redevelopment: 620 Interest - Old School (to General Fund) 790 Redevelopment Activity 795 Old School Lot Purchase FY15/Assessment Payments FY16&1 815 Transfer to SID 344 debt service 810 Transfer to WS TIF Total Grants & Housing GRAND TOTALS $0 $0 $0 $0 $1,000 $1,000 $1,000 $1,000 $0 $90 $90 $0 $0 $164 $164 $0 $0 $0 $0 $0 $2,000 $2,000 $2,000 $2,000 $9,559 $9,094 $9,094 $15,233 $647 $646 $646 $646 $13,206 $12,994 $12,994 $18,879 $0 $0 $0 $0 $1,400 $1,000 $1,000 $5,000 $18,564 $44,704 $44,704 $0 $0 $0 $0 $100,000 $0 $0 $0 $205,085 $19,964 $45,704 $45,704 $310,085 $33,170 $58,698 $58,698 $328,964 39