01. Resolution 5173 - Budget AmendmentCity of Kalispell.
Post Office Box 1997 - Kalispell., Montana 59903- I997 - Telephone (406)758w7700 Fax (406)758W7758
REPORT To: Mayor Kennedy and City Council Members
FROM: Amy Robertson, Finance Director
James Patrick, City Manager
SUBJECT: 2007 Budget Amendment -- Loan Revolving Fund
MEETING DATE: February 5, 2007
BACKGROUND: The City Council, after accepting public input, is requested to
approve an amendment to the City's budget to allow for budget authority to distribute the
remaining loan repayment money from the Downtown Tax Increment District. This is due to the
settlement with Red Lien. The amount of the budget amendment needed is $149,935.
RECOMMENDATION: adopt resolution 5173 amending the City budget for an additional
$149, 9 3 5 of budget authority.
Amy Robertson
Finance Director
Report compiled: January 30, 2007
James 'c
City Manager
RESOLUTION NO. 5173
A RESOLUTION TO AMEND THE ANNUAL APPROPRIATIONS OF THE CITY OF
KALISPELL, MONTANA, AS SET FORTH IN THE 2006-2007 BUDGET ADOPTED BY
THE CITY COUNCIL.
WHEREAS, on August 21, 2006, the City Council adopted Resolution 5132 adopting the annual
appropriations of the City of Kalispell for fiscal year 2006-2007; and
WHEREAS, in the budget adopted by the City of Kalispell for the 2006-2007 fiscal year, certain
detailed and itemized estimates of expenditures have proven inaccurate in the
operation of said Funds for the 2006-2007 fiscal year; and
WHEREAS, at a public hearing held on July 17, 2006, the City Council did consider all evidence
concerning said budgets; and
WHEREAS, a public hearing Was held on February 5, 2007, for Council to consider and the
Council did consider all evidence concerning said budget amendment.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION I. Amendments to the 2006-2007 fiscal budget as follows:
2880 Community Development Loan Revolving Fund $149,935
SECTION II. That on February 5, 2007 at 7:00 o'clock P.M., the City Council
authorized and directed the Finance Director to increase the
appropriations.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE
CITY OF KALISPELL, THIS 5th DAY OF February, 2007.
Pamela B . Kennedy
Mayor
ATTEST:
Theresa White
City Clerk