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04. Resolution 4724 - Budget Resolution - Mill LevyCity of Kalispell Post Office Box 1997 - Kalispell. Montana 59903-1997 - Telephone (406)758-7700 Fax(406)758-7758 REPORT TO: Mayor Kennedy and City Council Members FROM: Amy Robertson, Finance Director Chris Kukulski, City Manager SUBJECT: Mill levy - FY2003 Budget MEETING DATE: July 15, 2002 BACKGROUND: The resolution is adopted annually to provide a levy to fund the City's Budgets for the General Fund, Comprehensive Insurance Fund, Health Insurance Fund and Retirement Fund. Added this year is the voted levy for the G. O. Bond for new pool, 12 mills, and an additional 9 mill levy authorized by the last legislature to deal with the increased cost in health insurance premiums. The mill levy is set at the allowed amount per the calculations on forms provided by the Department of Revenue. The levy calculation adjusts the mill value for changes resulting from SB184, HB260 and HB124. The total City levy is 152.60 mills. The revenue generated by this levy includes the 1.28% inflation factor allowed by HB 124 generating approximately $35,373. It also includes the adjustment for lost revenue due to previous legislation pertaining (SB 184) for personal property reimbursements and motor vehicle. This resolution also adopts the levy for the City -County Health Department at 4.93 mills. This levy is administered by the County but must be adopted by the City Council RECOMMENDATION: Adoption of Resolution 4724 setting the mill levy at 152.60 for the City of Kalispell and 4.93 mills for the City County Health Dept. FISCAL EFFECTS: Levy will generate approximately $3,640,730 in tax revenue for the City Based on a mill value of $23,858. The mill value is subject to change as appeals and other adjustments are made this fall. ALTERNATIVES: As suggested by Council. X&JLv Amy If. Robertson Chris A. Kukulski Finance Director Report compiled: July 10, 2002 City Manager A RESOLUTION MAKING THE ANNUAL TAX LEVIES FOR THE CITY OF KALISPELL, MONTANA, FOR THE FISCAL YEAR 2002-2003. BE IT RESOLVED BY THE CITY 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 2002-2003, the following levies: GENERAL FUND 89.10 MILLS COMPREHENSIVE INSURANCE 11.00 " RETIREMENT 13.00 " HEALTH INSURANCE 27.50 " G. O. BOND - POOL 12.00 IF SUBTOTAL CITY LEVY 152.60 MILLS SECTION II. That there is hereby levied upon each and every dollar of the taxable valuation of the City of Kalispell, Montana, for the fiscal year 2002-2003, the levy for the City - County Health Department, said funds to be collected and administered by Flathead County: CITY - COUNTY HEALTH DEPARTMENT 4.93 MILLS PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL THIS 15TH DAY OF JULY, 2002. Pamela B. Kennedy Mayor ATTEST: Theresa White City Clerk