G2. Comm. Dev. Misc. Fund Amendment HearingCITY OF City of Kalispell
ALISPELL post Office Box 1997 -Kalispell, Montana 59903-1997
Telephone (406) 758-7000 Fax - (406) 758-7758
REPORT TO: Doug Russell, City Manager
FROM: Rick Wills, Finance Director
SUBJECT: Fiscal year 2020 Community Development Miscellaneous budget
amendment public hearing
MEETING DATE: September 21, 2020
BACKGROUND: At the September 8, 2020, regular meeting, City Council set a date of
September 21, 2020, for holding a public hearing regarding amending the fiscal year 2020
Community Development Miscellaneous special revenue fund budget. Unanticipated closing
cost related to the sale of property at the Old School Station industrial/technological park
resulted in an appropriation shortage in the fund of $31,958.
On October 5, 2020 Council will consider the amendment.
RECOMMENDATION: It is recommended that the Kalispell City Council hold a public
hearing and accept public comment on amending the fiscal year
2020 Community Development Miscellaneous budget.
ATTACHMENTS: Fiscal year 2021 CD Misc. budget showing amendment for fiscal
year 2020
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