03. Resolution 5681 - Budget Resolution - Mill LevyCity of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997
Telephone (406) 758-7000 Fax - (406) 758-7758
�1t 1-17
t
REPORT TO: Doug Russell, City Manager ,t
FROM: Rick Wills, Finance Director
SUBJECT: FY2015 Budget - Mill Levy
MEETING DATE: August 18, 2014
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 187.80 mills.
The General City levy of 156.80 mills is based upon the calculation of the mill value provided by the
State Department of Revenue. The City of Kalispell has 1.6 mills authorized but not levied in fiscal year
2015 available to be levied in a future fiscal year. Of the 156.80 general levy, 22.4 mills are designated for
the operations of the Parks & Recreation department.
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: It is recommended the City Council approve Resolution 5681 setting the
mill levy at 187.80.
FISCAL EFFECTS: Levy should generate approximately $7,420,000 of tax revenue for the City
based on a mill value of $39,522. However, the mill value is subject to change as appeals and other
adj�jgments are made throughout the year.
�w
Rick Wi is
Finance Director
Background: Mill levy calculation
2014 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 2014-2015.
BE 1T RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS:
SECTION 1. That there is hereby levied upon each and every dollar of the taxable
valuation of the City of Kalispell, Montana, for the fiscal year 2014-2015, the
following levies:
MILLS
GENERAL FUND 134.40
Designated for Parks & Recreation 22.40
Total General Levy 1.56.80
Permissive Levies:
HEALTH INSURANCE 16.8
Health Insurance — designated Parks & Recreation 1.7
Total Health levy 18.50
G. O. BOND — REFINANCED POOLIFIRE HALL 12.50
TOTAL CITY LEVY — all funds MILLS 187.80
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE
CITY OF KALISPELL THIS 18TH DAY OF AUGUST, 2014.
Mark Johnson
Mayor
ATTEST:
Theresa White
City Clerk
Mill levy calculation - Dept. of Revenue values
for FY2016
DETERMINATION OF TAX REVENUE AND MILL LEVY LIMITATIONS
UNDER HOUSE BILL 124
Ad valorem tax revenue authorized to be assessed 2013-2014
Add: FISCAL YEAR 2014 INFLATION ADJUSMENT @ 01.03% Section 94 (1)(a)
63,089
Less: FYI SB96 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 HB 124
Adjusted taxable value per mill
Add: Newly taxable property per mill value
Taxable value per mill of net and gross proceeds (coun
Taxable value per mill (including newly taxable property)
Authorized mill levy under 1-I13 124 (includes floating mills)
Current property tax revenue limitation
KtGAPIIULA 1 IUN:
Previous year adjusted property tax revenue assessed (5)
Amount attributable to newly taxable property
Current property tax revenue
(766)
00.
6,125,136
63,089
(109,583)
6,078,642
39,522
(766)
38,756
156.8
38,756
766
39,522
156.8
6,198,784
6,078,642
120,142
6,198,784
2014 Certified Taxable Valuation Information
(1S-10'202, MCA)
Flathead County
CITY OFK4L/SPELL
MONTANA
Form AB-7ZT
Rev.3-12
1,587,574,165
2.2U14Total Taxable Value .......... ..................................... ........... .............. --........ ---
3�2014Taxable Value of Newly Taxable Property ... .............. --............................. .........
4. 2OI4Taxmb>eValue less Incremental Taxable Va|ue**............. -------....... 39,522,550
S.2DI4Taxable Value ufNet and Gross Prnceeds***
6. 7lF Districts
Tax Increment Current Taxable Base Taxable
District Name Value Value
Kalispell 1'339,930 455'612
Kalispell
Kalispell G 112,113
Incremental
Value
886,318
'Total Incremental Value $ 2'229'816
Prepaner Holly Dale Date 7124/2014
*K8arkeivalue does not include class 1and class 2value
"This value is the taxinQ jurisdicLion's taxable value less total incrennental value of tax increment
financing districts.
~*~Thetaxable value. o[class 1and class 2bindu�dedin�het�xab|eva|uetota�
For Information Purposes Only
2Ol4taxable value ofcentrally assessed property having market value of' $lrniUion or more, which has
transferred to different ownership in compliance with 1.5'I0-202(2)' MCA.
!. Value Included in "newly taxable" property
11, Total value eXCIUSiVe of "newly taxable" propertv $
Mill Levy - 5 year Comparison
FY2011 FV2012
FY2013
FY2014
FY2015
GENERAL FUND
119.10 123.48
132.20
131.70
134.40
PARKS -designated mills
22.40 22.40
22.40
22.40
22.40
141.50 145.88
154.60
154.10
156.80
"Permissive levies:
G. O. BOND, series 2012 refunding bonds
14.2 13.5
12.5
12.5
12.50
TOTAL CITY LEVY
155.70 159.38
167.10
166.60
169.30
Health Ins. levy -premium increases
13.04 14.95
16.90
16.80
16.80
Parks health
1.60 1.60
1.60
1.70
1.70
TOTAL CITY LEVY w/PERMISSIVE
170.34 175.93
185.60
185.10
187.80
"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
5.81 5.75
5.75
5.74
5.74
(Administered by the County)
Business Improvement District Levy
(plus square footage assessment at .015 sq. ft.)
37.5 37.5
37.5
37.5
37.5