02. Resolution 5514 - Budget Resolution - Mill LevyFROM: Amy Robertson, Finance Director
Jane Howington, City Manager
SUBJECT: Mill levy - FY2012 Budget
MEETING DATE: August 15, 2011
BACKGROUND: The resolution is adopted annually to provide a levy to fund the City's budget for the
General Fund, the voted levies for the pool G. O. Bond, the Fire Station G. O. Bond and the mill levy
authorized by the legislature to deal with the increased cost in health insurance premiums. The total City levy
requested is 175.93 mills.
The General City levy of 145.88 mills is based upon the calculation of the mill value provided by the State
Department of Revenue. The City has a dollar cap which computes to a maximum allowed levy of 145.88
mills. The portion of this levy designated for the Parks & Recreation department is 22.4 mills.
The Pool debt service G. O. Bond levy request is 7.0 mills, a reduction of .5 mills. The original levy was
12 mills in 2005 and has been reduced due to annexations — more properties supporting the levy.
The Fire Station #62 G. O. Bond levy request is 6.50 mills. This is a reduction of .2 mills. The original levy
was 10.5 mills.
The Health Insurance levy request is 16.55 mills, an increase of 1.91 mills. There was a 10% increase in
premiums for Health insurance purchased through MM1A for this fiscal year. The permissive levy is only to
finance the increased cost of premiums since 2003 and not the total cost of insurance as it relates to
governmental fund employees. The General Fund budget health line items reflect the total cost of health
insurance in each budget. The Parks & Recreation fund is designated 1.6 mills of this levy for insurance
costs related to Parks and Recreation employees.
RECOMMENDATION: Adoption of Resolution setting the mill levy at 175.93.
FISCAL EFFECTS: Levy should generate approximately $7,049,515 of tax revenue for the City
based on a mill value of $40,070. However, the mill value is subject to change as
appeals and other adjustments are made throughout the year.
Amy H. Robertson Jane Howington
ti
Finance Director City Manager
Background: Mill levy calculation (see FY2012 Budget -Final Numbers Memo)
2011 Certified Taxable Valuation Information "
5 Year History exhibit
1. RESOLUTION MAKING
.. Ai ...<... ANNUAL
'.::;. `:; `:.
OF
KALISPELL, MONTANA, FOR THE FISCAL YEAR 2011-2012.
BE IT RESOLVED BY THE CITE'" COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS:
SECTION I. That there is hereby levied upon each and every dollar of the taxable
valuation of the City of Kalispell, Montana, for the fiscal year
2011-2012, the following levies:
C ENER.A.L FUND
Designated for Parrs & Recreation
Permissive Levies:
123.48
Total General Levy 22.40
HEALTH INSURANCE
Health Insurance — designated Parrs & Recreation
Total Health levy
TOTAL CITY LEVY all funds
14.95
1 4n
MILLS
145.88
16.55
7.00
6.50
MILLS 175.93
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR. OF THE
CITY OF KA.LISPELL, THIS 15TH DAY OF AUGUST, 2011.
Tarn.rni Fisher
Mayor
ryWY�I.YI�
"Theresa White
City Clerk