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Ci*ty of Kali'spell
Post Office fox 1997 - Ialiil, 59903-1997
" HER
Telephone (406) 7 l~ -- ]- () 758-7758
a
MON TA NA
REPORT Tot Mayor Fisher and City Council Members
FROM: Amy Robertson, Finance Director
.lane Howington., City Manager
SUBJECT: Mill levy - FY2011 Budget
MEETYN DATE* August 16, 2010
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. 0. Bond, the Fire Station G. o. Bond and the mill levy
authorized by the legislature to deal with the increased cost in health insurance premium m . The total City levy
requested is 17034 mills.
The General City levy of 141.50 witis 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 1 4 1.. 5 2
mills. The portion of this levy designated for the Parks & Recreation department is 22.4 mills.
The Fool debt service G. o. Bond levy is remains at 7.5 mills. The origm' al levy was 12 mills in 2005 and
has been reduced due to annexations — more properties supporting the levy.
The Fire Station # 2 G. 0. Bond levy request is 6.70 mills. This is a reduction of .3 mills needed for debt
service in this fund. The original levy was 10.5 mills.
The Health Insurance levy roquest is 14.64 mills, a decrease of .56 mills. There was a % increase in
Premiums for Health insurance purchased through MMIA for this fiscal year. The pernnissive levy is only to
finance the increased cast of premiums since 2003 and not the total cost of insurance as it relates to
govern -mental fund employees. The General Fund budget reflects 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 those
employees. Despite the increased premiums our levy is reduced due to fewer employees.
RECOMMENDATION: Adoption of Resolution setting the mill levy at 170.34.
FISCAL EFFECTS; Levy will generate approximately $6,719,572 of tax revenue for the City
based on a mill value of $39.448. The mill value is subject to change as
appeals and other adjustments are made this fall.
2
Amy H. Robe-t-tson Jane How-in,gton
Finance Director City Manager
Attachments: Mill levy calculation
20 to Certified Taxable valuation Information
5 Year History exhibit
Return to:
Kalispell City Clerk
PO Box 1997
Kalispell, MT 59903
RESOLUTION NO. 5445
RESOLUTION MAKING THE ANNUAL TAX LEVIES FOR THE CITY OF
KALISPELL, M NT N , FOR THE FISCAL YEAR 010-2011,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF I ALI PELL 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
010-- 0119 the following levies:
GENERAL FUND
Designated for Parks & recreation
Total General Levy
Permissive Levies:
HEALTH INS UrAN E
Health Insurance designated Parks & Recreation
Total Health levy
G. 0. BOND -- FOOL
G. 0. BOND — FIRE HALL
MILLS
119.10
.40
141.50
13.04
1.60
14.64
7.50
6.70
170.34 MILLS
PASSED AND APPROVED THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE
CITY OF I ALI PELL THIS 1 TH DAY OF AUGUST, 2010.
Tamrni Fisher
Mayor
ATTEST-.
Theresa. White
City Clerk
AdLMnm ina Departrnenu of
REVENUE
MONTANA
Form AB--72T
Rear. 6-1 0
10 Certified Taxable Valuation Information
(Pursuant to 1 -10- , MCA)
County of Flathead
Taxing .Jurisdiction: Kalispell City
1. 010 Total MarketValue . . ■ . . . . . . . . r • � r � ■ ■ . r . te r ■ . . . . 1 % 1 1 7
. 010 Total Taxable • • ■ . . . . . . . . . . . r ■ r • r r � i 1 1 r0 5_1_4
. 2010 Taxable Value of Newly Taxable Property.....,........... 1,41432.76
4. 2010 Taxable Valueless Incremental Taxable Value* ,448,00
. 2010 Taxable Value of Net and Gross Proceed 0
(Class 1 and Class 2 properties)...... ........ .. , ....
Tax Increment CurrentTaxable Base Taxable Value Incremental Value
w•v �a■rir.rnu.r.rnrrrrr-i i i im im.rarrW.�� wx iirnrr-rmn■uir-.. .
District Name Value .�.
Kalispell B 17497,813 453,612 1,044, 01
Kalispell 114 32221347 47}7
Old School ..,,,.,....---- 71804 390 87,414
Technology
Old Scheel Industrial H 16,381 128 16,253
- Total Incremental Value 14955--Q-5
Preparer Date
*Note: This value is the taxing jurisdiction's taxable value less total incremental value of all tax
increment financing districts.
For Information Purposes Only
010 taxable value of centrally assessed property having a market value of 1 million or more,
which has transferred to a different ownership in compliance with 15-10- 0 (), MCA.
1. Value included in `ine ly taxable" property
11. Total value exclusive of "newly taxable" property
$ 0
a
4 40T
Mill levy calculation -Crept. of Revenue values
for FY 0 1 1
DETERMINATION OF TAX REVENUE AND HIDE LEVY LIMITATIONS
UNDER HOUSE BML 124
MAXIMUM PROPERTY TAXES AUTHORIZED:
Ad valorem tax revenue assessed 00 -2010 51321,581
Add: FISCAL YEAR 2010 INFLATION ADJUSMENT @ 1.14 % Section 94 (1)(a)
60,772 60,772
Property Tax Revenue Assessed 5138r54
CURRENT YEAR LEVY COMPUTATION.,
Taxable value per mill � 1.448
Less Newly taxable property per mill value, (17414,00)
Taxa ble va l ue pe r mil l (eater as negative) (1.414)
Adjusted Taxable value per mill 38,034
Authorized mill levy under HEM 124
141.51
,Adjusted taxable value Per mill
383034
Add* Newly taxable property per mill value 11414
Taxable value per mill of net and gross proceeds (coi 0
1 r414
Taxable value per mill (including nearly taxable property)
39,448
Authorized mill levy under HB 124 (includes floating rills)
141.51
Current property tax revenue limitation
51582,455
RECAPITULATION:
Previous year adjusted Property tax revenue assessed (5)
� 8 , 54
Amount attributable to newly taxable Property and net/gross proceeds
200r'l01
Current property tax revenue
5r582�455
Mill Levy - 5 year Comparison
GENERALFUND
PARKS -designated mills
"Permissive levies.-
G. 0. BOND, series 200 -voted levy POOL
G. 0. BOND, series 2004 -voted levy FIREHALL
Health Iris. levy -premium increases
Parks health
TOTAL CITE` LEVY
2007 2008 2009 2010 2011
134.90
132.60
138.76
117.71
119.10
22.40
22.40
140.11
141.50
9.00
7.50
7.75
7.50
7.50
9.50
8.00
7.50
7.00
6.70
13.50
14.75
16.22
13.60
13.04
1.60
1.601
166.90
162.85
170.23
169.81
170.34
"The legislature provided for the increase in mills necessary to pay higher health
insurance premiums.
The pool debt service levy is voter approved and can go up or down each year depending
on the debt service schedule and the value of the mill. The same is true for the FireHall debt service.
Other Government levies;
City/county Health Fund 5.30 5.10 5.34 5.61
(,administered by the County)
City County Health Fund levy to be provided by County.
Business Improvement District levy
(plus square footage assessment at .015 s , ft)
M
37.50 37.50 0.00 0.00
5.811
37.501