G. Public Hrg - Budget AmdCITY 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 2021 Community Development Miscellaneous budget
amendment public hearing
MEETING DATE: September 20, 2021
BACKGROUND: At the September 7, 2021, regular meeting, City Council set a date of
September 20, 2021, for holding a public hearing regarding amending the fiscal year 2021
Community Development Projects 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 $44,074.
On October 4, 2021, 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
2021 Community Development Projects budget.
ATTACHMENTS: Fiscal year 2022 CD Projects budget showing amendment for
fiscal year 2021
Community Development Projects
FUND: 2886-480-470210
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100 CASH:
10150 CASH: Old School Redevelopment
REVENUES
371010 Interest/Misc.
373010 Interest from Old School Lot sale
Old School SID lot sale
Total Revenue
Total Available
EXPENDITURES
M&O
M & O from Old School
Redevelopment/Grants/Transfers
Old School debt transfer (TRAIL) / redev
Total Expenditures
ENDING CASH
10100 CASH:
10150 CASH: Old School Redevelopment
amended
ACTUAL
BUDGET
ACTUAL
BUDGET
FY19/20
FY20/21
FY20/21
FY21/22
$264,880
$255,585
$255,585
$41,293
$68,194
$116,766
$116,766
$646,680
$4,699
$100
$1,993
$2,000
$5,376
$14,820
$14,166
$25,000
$87,900
$0
$672,500
$175,000
$97,975
$14,920
$688,659
$202,000
$431,049
$387,271
$1,061,010
$889,972
$12,994
$6,716
$8,367
$0
$0
$10,017
$8,367
$0
$45,704
$205,085
$207,919
$41,293
$0
$151,220
$148,386
$786,842
$58,698
$373,038
$373,038
$828,135
$255,585
$43,784
$41,293
$0
$116,766
$185,551
$646,680
$0
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Community Development Projects
FUND: 2886-480-470210
EXPENDITURE DETAIL
amended
ACTUAL
BUDGET
ACTUAL
BUDGET
FY19/20
FY20/21
FY20/21
FY21/22
Materials and Services:
353
Auditing
$1,000
$1,000
$1,000
$0
373
Dues & Training
$90
$0
$0
$0
379
Meetings
$164
$0
$0
$0
522
Administrative Transfers
$2,000
$2,000
$500
$0
528
Information Tech. Transfers
$9,094
$15,233
$15,233
$0
532
Office Rent new bldg
$646
$646
$0
$0
Total Materials & Services
$12,994
$18,879
$16,733
$0
Redevelopment:
790
Redevelopment Activity
$1,000
$5,000
$2,834
$0
795
Old School Taxes / other
$44,704
$78,386
$78,386
$0
815
Transfer to WS TIF (trail) from Old School funds (General f
$0
$65,688
$70,000
$786,842
810
Transfer to WS TIF
$0
$205,085
$205,085
$41,293
Total Redevelopment
$45,704
$354,159
$356,305
$828,135
GRAND TOTALS $58,698 $373,038 $373,038 $828,135
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