11. Resolution 5044 - Budget Resolution - Business Improvement District BudgetClity of Kalispell
Past Office Box 1997 - Kalispell, Montana 5990 5-1997 - Telephone (406)758-7700 Fax f406)758-7758
REPORT TO:
Mayor Kennedy and City Council Members
FROM:
Amy Robertson, Finance Director
James H. Patrick, City Manager
SUBJECT:
2006 Business Improvement District budget
MEETING DATE:
August 15, 2005
BACKGROUND:
The annual appropriations for the Business Improvement District
budget are presented for Council consideration. The budget
requested is $75,078.
Note: The City Finance Director increased this budget in order to
present a "budget remaining„ carryover less the 50% of
appropriations as required by statute. The Preliminary budget
request was $71,578. This statute is to prevent the accumulation of
funds. We may receive an audit comment for 2005 as our ending
cash balance was in excess of 50% of appropriations. The auditors
may consider the law suit an extenuating circumstance. However,
upon settling of the suit, funds need to be spent if they are levied.
RECOMMENDATION: Adoption of Resolution
FISCAL EFFECTS: $75,078
� s
Amy H. Robertson
Finance Director
Report compiled: August 8, 2005
ames . atric
City Manager
RESOLUTION NO.5044
A RESOLUTION SETTING THE ANNUAL APPROPRIATION FOR THE BID (Business
Improvement District) OF THE CITY OF KALISPELL, MONTANA, AS SET FORTH IN
THE 2005-2006 BUDGET ADOPTED BY THE CITY COUNCIL.
SECTION I. That the annual appropriations for the Business Improvement District of the City of
Kalispell, Montana are hereby fixed as follows:
BUSINESS IMPROVEMENT DISTRICT $ 75,078
SECTION II. The Business Improvement District Board of Directors is hereby authorized
to transfer any part of an unencumbered balance of an appropriation to a
purpose or object for which the appropriation for the current year is
insufficient or to transfer between items appropriated within the fund.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE
CITY OF KALISPELL, THIS 15TH DAY OF AUGUST, 2005
Pamela B. Kennedy
Mayor
ATTEST:
Theresa White
City Clerk