06. Resolution 5639 - Budget Resolution - Mill LevyCity of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997
Telephone (406) 758-7000 Fax - (406) 758-7758
REPORT TO: Doug Russell, City Manager
FROM: Rick Wills, Finance Director
SUBJECT: FY2014 Budget - Mill Levy
MEETING DATE: August 19, 2013
BACKGROUND: This resolution is adopted annually to provide a levy to fund the City's
budget for the General Fund, the voted levies for the refinanced Pool and Fire Hall 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 185.10 mills.
The General City levy of 154.10 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 155.70 mills. The portion of this levy designated for the Parks & Recreation department is 22.4
mills.
The G. O. Bond levy request is 12.5 mills, the same request as last fiscal year. The original levy for
the 2 separate G.O. Bonds was 20.5 mills in 2006 and has been reduced due to annexations — more
properties supporting the levy, and refinancing.
The Health Insurance levy request is 18.5 mills, the same request as last fiscal year. This 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 1.7 mills of this
levy for insurance costs related to Parks and Recreation employees.
RECOMMENDATION: Approve Resolution 5639 setting the mill levy at 185.10.
FISCAL EFFECTS: Levy should generate approximately $7,281,000 of tax revenue for the
City based on a mill value of $39,335. However, the mill value is subject to change as appeals and
other adjustments are made throughout the year.
dick Wills
Finance Director
Background: Mill levy calculation (see FY2014 Budget -Final Numbers Memo)
2013 Certified Taxable Valuation Information
5 Year History exhibit
A RESOLUTION MAKING THE ANNUAL TAX LEVIES FOR THE CITY OF
KALISPELL, MONTANA, FOR THE FISCAL YEAR 2013-2014.
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
2013-2014, the following levies:
MILLS
GENERAL FUND 131.70
Designated for Parks & Recreation 22.40
Total General Levy 154.10
Permissive Levies:
HEALTH INSURANCE 16.8
Health Insurance —designated Parks & Recreation 1.7
Total. Health levy 18.50
a N E43 9C! i j �b I �60 �211
TOTAL CITY LEVY — all funds MILLS 185.10
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE
CITY OF KALISPELL THIS 19TH DAY OF AUGUST, 2013.
Tammi Fisher
Mayor
ATTEST:
Theresa White
City Clerk
Mill levy calculation - Dept. of Revenue values
for FY2014
DETERMINATION OF TAX REVENUE AND MILL LEVY LIMITATIONS
UNDER HOUSE BILL 124
1 Ad valorem tax revenue assessed 2012-2013
Add: FISCAL YEAR 2014 INFLATION ADJUSMENT @ 01.03% Section 94 (1)(a)
62,131
Less: FY13 SB372 Reimbursement through Entitlement Share
Property Tax Revenue Assessed
Taxable value per mill
Less: Newly taxable property per mill value,
Taxable value per mill (enter as negative)
Adjusted Taxable value per mill
Authorized mill levy under H13 124
Adjusted taxable value per mill
Add: Newly taxable property per mill value
Taxable value per mill of net and gross proceeds (coup
Taxable value per mill (including newly taxable property)
Authorized mill levy under 1-113 124 (includes floating mills)
Current property tax revenue limitation
RECAPITULATION:
Previous year adjusted property tax revenue assessed (5)
Amount attributable to newly taxable property
Current property tax revenue
(198)
I
U
032.173 1
62,131
FY14 N/A
6,094,304
39,335
(198)
39,137
155.7
39,137
198
39,335
155.7
6,125,136
6,094,304
30,832
6,125,136
&4ONT&NA
FonmAB-7ZT
Rev.3-1Z
2013 Certified Taxable Valuation Information
/15-10'202,K4CA\
Flathead County
CITY C}FKAL|SPELL
l.2O13Total Market Value ........................................................................................................
2.2O13Total Taxable Value .......................................................................................................
3.2Ol3Taxable Value ofNewly Taxable Property .................................................................
4.2013Taxable Value less Incremental Taxable Value*
.................................................. —
$
39,334,849
5.2OI3Taxable Value ofNet and Gross Proceeds"
(Class 1and Class 2L'--------.-------
......................................
$
6TIFDistricts
Tax Increment Current Taxable
Base Taxable
Incremental
District Name Value
Value
Value
Kalispell B 1390231
453613
836609
Kalispell C
Kalispell H 21,408
126
21282
Kalispell G 111616
]SO
111,226
Total Incremental Value
$
1,463,599
Preparer -Holly Dale
Date 8/5/2013
*This value is the taxing jurisdiction's taxable value less total incremental value of all tax increment financina
districts.
"The taxable value of class 1 and class 2 is included in the taxable value totals.
For(nfcrcd;�[anFui,,��osas cr,:-y
2013 taxable value of centrally assessed property having a market value ol $1 million or more, vihich has
transferred to a different ownership in compliance with 15-10-202/2\, MCA.
iValue Included in"newly taxab|o"property
11. Total value exclusive of "newly taxable" property
Mill Levy - 5 year Comparison
FY2010 FY2011
FY2012
FY2013
FY2014
GENERAL FUND
117.71 119.10
123.48
132.20
131.70
PARKS -designated mills
22.40 22.40
22.40
22.40
22.40
140.11 141.50
145.88
154.60
154.10
"Permissive levies:
G. O. BOND, series 2012 refunding bonds
14.5 14.2
13.5
12.5
12.5
TOTAL CITY LEVY
154.61 155.70
159.38
167.10
166.60
Health Ins. levy -premium increases
13.60 13.04
14.95
16.90
16.80
Parks health
1.60 1.60
1.60
1.60
1.70
TOTAL CITY LEVY w/PERMISSIVE
169.81 170.34
175.93
185.60
185.10
"The legislature provided for the increase in mills necessary to pay higher health
insurance premiums.
The G.O. Bond 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.
Other Government levies:
City/County Health Fund
5.61 5.81
5.75
5.75
5.74
(Administered by the County)
Business Improvement District Levy
(plus square footage assessment at .015 sq. ft.)
0.00 37.5
37.5
37.5
37.5