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08. Special Revenue Funds - TIFS & OtherSPECIAL REVENUE FUNDS Page Fund Dept TIFS & OTHER 46-47 2185 Airport TIF $ 2,538,300 48-49 2188 Westside TIF $ 1,923,736 50 2310 Old School Tech TIF $ 76,500 51 2311 Old School Industrial TIF $ 10,000 52 2312 Glacier Rail Park TEDD $ - 53 2372 Health $ 980,000 $ 5,528,536 AIRPORT TAX INCREMENT DISTRICT "B" FUND: 2185-000-430300,'470240/460430 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash Total Beginning Cash REVENUES 335230 State Entitlement 371010 Investment Revenue 383001 Transfer from Debt Service Total Revenue Total Available EXPENDITURES Personal Services M & O and Redevelopment Total Expenditures ENDING CASH Cash Carry Over ACTUAL BUDGET ACTUAL BUDGET FY16/17 FY17/18 FY17/18 FY18/19 $1,413,508 $1,786,485 $1,786,485 $2,073,847 $1,413,508 $1,786,485 $1,786,485 $2,073,847 $42,672 $15,390 $350,000 $42,671 $15,000 $350,000 $42,671 $20,778 $350,000 $42,672 $20,000 $600,000 $408,062 $407,671 $413,449 $662,672 $1,821,570 $2,194,156 $2,199,934 $2,736,519 $23,951 $11,134 $24,567 $2,011,575 $25,665 $100,422 $27,197 $2,511,103 $35,085 $2,036,142 $126,087 $2,538,300 $1,786,485 $158,014 $2,073,847 $198,219 PROGRAM DESCRIPTION Bonds sold in September 2005 required that all taxes be deposited in the debt service fund. The same will be true of any additional bonds sold for the redevelopment of the airport. Once debt service obligations are met, funds remaining can be transferred to this fund for use with other approved projects. 46 AIRPORT TAX INCREMENT DISTRICT FUND: 2185-000-430300/470240/46043 0 480 470240 Personal Services: 110 Salaries 153 Health 155 Retirement Subtotal 345 Telephone & Communication Subtotal EXPENDITURE DETAIL ACTUAL BUDGET ACTUAL BUDGET FY16/17 FY17/18 FY17/18 FY18/19 FTE's 0.35 0.35 0.35 0.35 $19,349 $19,988 $19,807 $20,501 $3,058 $2,963 $4,255 $5,018 $1,496 $1,568 $1,555 $1,630 000 430300 Airport 353 Auditing 356 Legal Survey/title search/appraisals/ contract services 522 Administrative transfer 840 Redevelopment activity Subtotal Total $23,903 $48 $24,519 $48 $25,617 $48 $27,149 $48 $48 $48 $48 $48 $1,600 $1,600 $1,600 $1,600 $291 $0 $0 $0 $9,243 $9,975 $9,975 $9,503 $0 $2,000,000 $88,847 $2,500,000 $11,134 $2,011,575 $100,422 $2,511,103 $35,085 $2,036,142 $126,087 $2,538,300 47 WESTSIDE TAX INCREMENT DISTRICT "C" FUND: 2188 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Operating Total Cash REVENUES 311100 Real Estate Taxes 311200 Personal Property Taxes 312000 Penalty & Interest 335230 HB 124 Entitlement 341015 Developer payment -Depot Place Apt 365015 FCEDA Contributions to Tiger Grant 371010 Investment Earnings 381030 Proceeds of bonds Total Revenue Total Available EXPENDITURES Personal Services Transfer to Debt Service Fund Distribution or Redevelopment Transfer to Tiger Grant Fund Tiger Activity Total Expenditures amended ACTUAL BUDGET ACTUAL BUDGET FY16/17 FY17/18 FY17/18 FY18/19 $3,946,859 $4,004,198 $4,004,198 $1,638,150 $3,946,859 $4,004,198 $4,004,198 $1,638,150 $276,407 $210,000 $224,125 $60,000 $0 $0 $8,562 $7,500 $362 $200 $469 $350 $243,128 $243,128 $243,128 $243,128 $8,574 $8,500 $7,954 $8,000 $5,325 $0 $0 $0 $41,119 $15,000 $45,791 $20,000 $0 $5,000,000 $0 $0 $574,915 $5,476,828 $530,029 $338,978 $4,521,774 $9,481,026 $4,534,227 $1,977,128 $50,216 $52,205 $53,099 $56,544 $360,000 $49,200 $1,202,158 $605,836 $7,192 $2,915,725 $2,200,000 $0 $418,160 $0 $37,142 $1,500,000 $517,576 $4,170,088 $2,896,077 $1,923,736 ENDING CASH Operating $4,004,198 $5,310,938 $1,638,150 $53,392 PROGRAM DESCRIPTION The Westside Urban Renewal District was created to help redevelop the Gateway Mall area and assist with the Storm drainage problems in the area. 48 WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 COMMUNITY DEVELOPMENT Personal Services 480-470230 110 Salaries-Admin 153 Health 155 Retirement Subtotal 353 Audit 354 Contract services 356 Telephone 840 Transfer to debt service Fund 3188 842 Transfer to debt service Fund 3188 522 Administrative Transfer 720 Redevelopment Subtotal 470240 Tiger Grant Activity 720 Tiger Grant Redevelopment 840 Transfer to Tiger Grant fund Total EXPENDITURE DETAIL FTE'S amended ACTUAL BUDGET ACTUAL BUDGET FY16/17 FY17/18 FY17/18 FY18/19 0.65 0.65 0.65 0.65 $41,500 $43,230 $42,543 $44,335 $5,509 $5,599 $7,219 $8,701 $3,207 $3,375 $3,337 $3,508 $50,216 $52,205 $53,099 $56,544 $2,000 $3,000 $3,000 $3,000 $0 $5,000 $0 $0 $192 $192 $192 $192 $33,844 $40,000 $40,000 $0 $0 $200,000 $0 $360,000 $3,464 $3,966 $3,966 $4,000 $9,700 $950,000 $558,678 $0 $49,200 $1,202,158 $605,836 $367,192 $418,160 $0 $0 $2,915,725 $37,142 $2,800,000 $1,500,000 $0 $517,576 $4,170,088 $3,496,077 $1,923,736 49 2310 OLD SCHOOL STATION TIF-TECHNOLOGY "G" FUND: 2310-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Operating Cash -Redevelopment REVENUES 311110 Real Estate Property Taxes 311200 Personal Property Taxes 315000 Penalty & Interest 335230 HB124 Entitlement 371010 Investment Earnings 383001 Transfer from Debt Service -Reimburse Total Revenue Total Available EXPENDITURES 355 Glacier Investment Reimbursement 356 FED -EX Reimbursment/Developer agreement 820 Operating Transfer-FY14 Debt Service/FY15 Comm Dev. Total Expenditures ACTUAL BUDGET ACTUAL BUDGET FY16/17 FY17/18 FY17/18 FY18/19 $9,730 $16,695 $16,695 $10,888 $54,699 $60,000 $66,405 $67,000 $5,182 $5,000 $4,911 $5,000 $0 $0 $0 $0 $3,057 $3,056 $3,057 $3,056 $150 $100 $213 $100 $0 $0 $0 $0 $63,088 $68,156 $74,586 $75,156 $72,818 $84,851 $91,281 $86,044 $10,841 $11,000 $10,466 $11,000 $10,282 $10,500 $9,927 $10,500 $35,000 $60,000 $60,000 $55,000 $56,123 $81,500 $80,393 $76,500 ENDING CASH 10100 OperatingCash-Redevelopment $16,695 $3,351 $10,888 $9,544 PROGRAM DESCRIPTION The Technology TIF was created to enable the development of the Tech Park by using the taxes paid by the property owners to pay down the infrastructure SID debt. Additionally the tax revenue generated can be used for other redevelopment activities as provided by Montana law and the developer agreement. City Council, in July 2011, approved an agreement with Glacier Investment Properties, owner of Lot 7, to reimburse the SID costs from their increment. This is a similar agreement as we have with Fed -Ex 50 2311 OLD SCHOOL STATION TIF-INDUSTRIAL "H" FUND: 2311-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash Operating -Redevelopment REVENUES 311100 Real Estate Taxes 312000 Penalty & Interest 371010 Investment interest Total Revenue Total Available ACTUAL BUDGET ACTUAL BUDGET FY16/17 FY17/18 FY17/18 FY18/19 $12,427 $7,413 $7,413 $4,855 $9,787 $10,000 $7,381 $6,500 $53 $0 $0 $0 $146 $100 $61 $50 $9,986 $10,100 $7,442 $6,550 $22,413 $17,513 $14,855 $11,405 EXPENDITURES 820 Operating Transfer-FY14 Debt Service/FY15 Comm. C $15,000 $10,000 $10,000 $10,000 Total Expenditures $15,000 $10,000 $10,000 $10,000 ENDING CASH 10100 Operating Cash -Redevelopment $7,413 $7,513 $4,855 $1,405 PROGRAM DESCRIPTION The Industrial TIF was created to enable the development of the Tech Park by using the taxes paid by the property owners to pay down the infrastructure SID debt. Additionally the tax revenue generated can be used for other redevelopment activities as provided by Montana Law and the developer agreement. 51 2312 GLACIER RAIL PARK TEDD FUND: 2312-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Operating Cash -Redevelopment REVENUES 311110 Real Estate Property Taxes 311200 Personal Property Taxes 315000 Penalty & Interest 371010 Investment Earnings Total Revenue Total Available 354 Contract Services 790 Redevelopment 820 Operating Transfer Total Expenditures ENDING CASH 10100 Operating Cash -Redevelopment BUDGET ACTUAL BUDGET FY17/18 FY17/18 FY18/19 $0 $0 $520 $0 $0 $0 $0 $518 $0 $0 $2 $500 $0 $0 $0 $0 $520 $500 $0 $520 $1,020 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $520 $1,020 PROGRAM DESCRIPTION Ordinance No 1770, adopted by the Kalispell City Council on May 2, 2016, adopted the Glacier Rail Park Development Plan and established a targeted economic development district (TEDD) within the Glacier Rail Park Development Plan area. The purpose of the TEDD is to develop necessary infrastructure as needed and to encourage the location and development of value -adding industries within the Glacier Rail Park boundaries. The cost of which may be paid by the TEDD 52 HEALTH -permissive levy FUND: 2372-400-521000-810 REVENUE PROJECTION BEGINNING CASH 10100 Cash on Hand REVENUE 311100 Real Estate taxes 311200 Personal Property taxes 312000 Penalty & Interest 335230 Entitlement Total Revenue Total Available EXPENDITURES 521000-810 Health Insurance -transfer to General Fund 521000-810 Health Insurance -transfer to PARKS ENDING CASH Cash Carry over 21; 0 240 240 230 ACTUAL BUDGET ACTUAL BUDGET FY16/17 FY17/18 FY17/18 FY18/19 $ 53,147 $ 63,742 $ 63,742 $ 90,721 $ 957,119 $ 978,000 $ 968,076 $ 950,000 $ 21,396 $ 16,000 $ 26,402 $ 25,000 $ 1,367 $ 1,000 $ 1,670 $ 1,000 $ 22,713 $ 22,025 $ 22,831 $ 22,025 $ 1,002,595 $ 1,017,025 $ 1,018,979 $ 998,025 $ 1,055,742 $ 1,080,767 $ 1,082,721 $ 1,088,746 $ 901,000 $ 901,000 $ 901,000 $ 889,000 $ 91,000 $ 91,000 $ 91,000 $ 91,000 $ 992,000 $ 992,000 $ 992,000 $ 980,000 $ 63,742 $ 88,767 $ 90,721 $ 108,746 PROGRAM DESCRIPTION This budget is used to track the revenue from the permissive mill levy which provides funding for health insurance premium increases. Health insurance premiums are budgeted in the General Fund by department. The revenue generated from the permissive levy is used to make an operating transfer to the General Fund and Parks Fund. The State legislature restructured the method for calculating the amount to be levied with the permissive health levy. The calculation sets year 2000 as abase year and calculates the average increase per govemmental employee times the number of employees. Since it is an average amount it is not necessary to adjust for single, married, 2 party, etc. The calculation takes into account the number of employees. 53