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Impact Fees January Financial Report
City of Kalispell Post Office Box 1997 Kalispell, Montana 59903.1997 Telephone (406) 758-7000 Fax (406) 758.7758 REPORT TO: Impact Fee Committee Members FROM: Rick Wills, Finance Director V Terri Loudermilk, Budget Resource Manager " SUBJECT: Impact Fee Detail for Period July 1, 2010 to June 30, 2013 MEETING DATE: January 28, 2014 This report was compiled using the records of the City of Kalispell and is for the review of impact fee revenues and expenses. Each impact fee (Police, Fire. Storm Water, Sanitary Sewer, Wastewater Treatment) has been compiled individually and detailed by fiscal year. IMPACT FEE REVIEW PROCESS Impact Fee Review Police, Fire, Storm Water, Water, Sanitary Sewer, Wastewater Treatment Review Fees For; FY 10/11 July 1, 2010 -June 30, 2011 FY 11/12 July 1, 2011 - June 30, 2012 FY 12/13 July 1, 2012 -June 30, 2013 FIRE PROTECTION IMPACT FEES CASH JUNE 30, 2010 $203,485 REVENUE IMPACT FEES: $ 70,778 INTEREST: $ 2,147 EXPENSE CAPITAL OUTLAY: FIRE PUMPER TENDER $ (75,975) DEBT SERVICE: $ (35,057) ADMINISTRATIVE FEES 5%. $ (3,539) FY11 CHANGE IN IMPACT FEE CASH: $ (41,646) CASH JUNE 30, 2011 $161,839 REVENUE IMPACT FEES: $ 119,209 INTEREST: $ 1,936 EXPENSE CAPITAL OUTLAY DEBT SERVICE $ (35,375) ADMINISTRATIVE FEES - 5% $ (5,960) FY12 CHANGE IN IMPACT FEE CASH. $ 79,810 CASH JUNE 30, 2012 $241,649 REVENUE IMPACT FEES: $ 89,497 INTEREST: $ 1,588 EXPENSE CAPITAL OUTLAY DEBT SERVICE. $ (35,411) ADMINISTRATIVE FEES - 5% $ (4,475) FY13 CHANGE IN IMPACT FEE CASH $ 51,199 CASH JUNE 30, 2013 $292,848 POLICE PROTECTION IMPACT FEES CASH JUNE 30- 2010 $29,249 REVENUE IMPACT FEES: $ 5,037 INTEREST: $ 393 EXPENSE ADMINISTRATIVE FEES - 5%. $ (252) FY11 CHANGE IN IMPACT FEE CASH: $ 5,178 CASH JUNE 30, 2011 $34,427 REVENUE IMPACT FEES: $ 6,278 INTEREST: $ 378 EXPENSE ADMINISTRATIVE FEES 5% $ (314) FY12 CHANGE IN IMPACT FEE CASH $ 6,342 CASH JUNE 30, 2012 $40,770 REVENUE IMPACT FEES: $ 6,281 INTEREST: $ 264 EXPENSE ADMINISTRATIVE FEES - 5% $ (314) FY13 CHANGE IN IMPACT FEE CASH $ 6,231 CASH JUNE 30, 2013 $47,001 WATER SERVICE IMPACT FEES CASH JUNE 30, 2010 $764,190 REVENUE IMPACT FEES: $ 262,817 IMPACT FEES FINANCED (5 YEARS): (INCREASE) DECREASE $ (6,197) INTEREST: $ 8,469 EXPENSE CAPITAL OUTLAY METERS FOR NEW CONST. $ (65,000) SECTION 36 WELL $ (92,626) PRIOR PERIOD ADJ OWL CORP SETTLEMENT $ (313,467) DEBT SERVICE. $ (100,000) ADMINISTRATIVE FEES - 5%: $ (12,831) FY11 CHANGE IN IMPACT FEE CASH: $ (318,835) CASH JUNE 30, 2011 $445,355 REVENUE IMPACT FEES: $ 208,627 IMPACT FEES FINANCED (5 YEARS) (INCREASE) DECREASE $ 1,106 INTEREST: $ 3,696 EXPENSE CAPITAL OUTLAY: METERS FOR NEW CONST. $ (65,000) SECTION 36 WELL $ (12,884) DEBT SERVICE: $ (100,000) ADMINISTRATIVE FEES - 5%. $ (10,487) FY12 CHANGE IN IMPACT FEE CASH: $ 25,058 CASH JUNE 30, 2012 $470,413 REVENUE IMPACT FEES: $ 273,006 IMPACT FEES FINANCED (5 YEARS) (INCREASE) DECREASE $ (11,840) INTEREST: $ 4,130 EXPENSE CAPITAL OUTLAY METERS FOR NEW CONST. $ (43,550) DEBT SERVICE $ (100,000) ADMINISTRATIVE FEES 5%: $ (13,058) FY13 CHANGE IN IMPACT FEE CASH $ 108,688 CASH JUNE 30, 2013 $579,101 SANITARY SEWER IMPACT FEES CASH JUNE 30, 2010 $1,635,962 REVENUE IMPACT FEES: $ 137,121 IMPACT FEES FINANCED (5 YEARS) (INCREASE) DECREASE $ (3,284) INTEREST: $ 21,011 EXPENSE GRANDVIEW PUMP STATION - GRAVITY MAIN $ (8,028) DEBT SERVICE: $ (25,000) ADMINISTRATIVE FEES: $ (6,692) FY11 CHANGE IN IMPACT FEE CASH: $ 115,129 CASH JUNE 30, 2011 $1,751,091 REVENUE IMPACT FEES: $ 124,117 IMPACT FEES FINANCED (5 YEARS)• (INCREASE) DECREASE $ 621 INTEREST: $ 18,335 EXPENSE DEBT SERVICE: $ (25,000) ADMINISTRATIVE FEES• $ (6,237) FY12 CHANGE IN IMPACT FEE CASH: $ 111,836 CASH JUNE 30, 2012 $1,862,927 REVENUE IMPACT FEES: $ 183,413 IMPACT FEES FINANCED (5 YEARS)- (INCREASE) DECREASE $ (15,691) INTEREST: $ 14,459 EXPENSE DEBT SERVICE: $ (25,000) ADMINISTRATIVE FEES• $ (8,386) FY13 CHANGE IN IMPACT FEE CASH $ 148,795 CASH JUNE 30, 2013 $2,011,722 WASTE WATER TREATMENT IMPACT FEES CASH JUNE 30, 2010 $447,048 REVENUE IMPACT FEES: $ 179,101 IMPACT FEES FINANCED (5 YEARS): (INCREASE) DECREASE $ (4,925) INTEREST: $ 5,722 EXPENSE DEBT SERVICE: $ (225,000) ADMINISTRATIVE FEES: $ (8,709) FY11 CHANGE IN IMPACT FEE CASH: $ (53,811) CASH JUNE 30, 2011 $393,236 REVENUE IMPACT FEES: $ 165,171 IMPACT FEES FINANCED (5 YEARS). (INCREASE) DECREASE $ 932 INTEREST: $ 4,304 EXPENSE DEBT SERVICE: $ (225,000) ADMINISTRATIVE FEES: $ (8,305) FY12 CHANGE IN IMPACT FEE CASH $ (62,898) CASH JUNE 30, 2012 $330,338 REVENUE IMPACT FEES: $ 286,618 IMPACT FEES FINANCED (5 YEARS) (INCREASE) DECREASE $ (23,537) INTEREST: $ 3,195 EXPENSE DEBT SERVICE: $ (225,000) ADMINISTRATIVE FEES $ (13,154) FY13 CHANGE IN IMPACT FEE CASH: $ 28,122 CASH JUNE 30, 2013 $358,460 STORM WATER IMPACT FEE CASH JUNE 30, 2010 $454,668 REVENUE IMPACT FEES• $ 125,119 IMPACT FEES FINANCED (5 YEARS) (INCREASE) DECREASE $ (4,932) INTEREST: $ 4,683 EXPENSE ADMINISTRATIVE FEES - 5% $ (6,009) FY11 CHANGE IN IMPACT FEE CASH: $ 118,861 CASH JUNE 30, 2011 $573,529 REVENUE IMPACT FEES $ 101,830 IMPACT FEES FINANCED (5 YEARS) (INCREASE) DECREASE $ 999 INTEREST: $ 6,205 EXPENSE ADMINISTRATIVE FEES 5%. $ (5,141) FY12 CHANGE IN IMPACT FEE CASH: $ 103,893 CASH JUNE 30, 2012 $677,421 REVENUE IMPACT FEES: $ 195,759 IMPACT FEES FINANCED (5 YEARS)• (INCREASE) DECREASE $ 1,402 INTEREST: $ 6,501 EXPENSE ADMINISTRATIVE FEES - 5% $ (9,858) FY13 CHANGE IN IMPACT FEE CASH• $ 193,804 CASH JUNE 30, 2013 $871,225