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
$
2,518,736
50
231.0
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
$
6,123,536
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
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY16/17
FY17/18
FY17/18
FY18/19
$1,413,508
$1,786,485
$1,786,485
$2,158,014
$1,413,508
$1,786,485
$1,786,485
$2,158,014
$42,672
$15,390
$350,000
$42,671
$15,000
$350,000
$42,671
$15,000
$350,000
$42,672
$20,000
$600,000
$408,062
$407,671
$407,671
$662,672
$1,821,570
$2,194,156
$2,194,156
$2,820,686
$23,951
$11,134
$24,567
$2,011,575
$24,567
$11,575
$27,197
$2,511,103
$35,085
$2,036,142
$36,142
$2,538,300
$1,786,485 $158,014 $2,158,014 $282,386
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: 2185-000-43 03 00/470240/46043 0
EXPENDITURE DETAIL
480
470240
Personal Services:
110
Salaries
153
Health
155
Retirement
Subtotal
345
Telephone & Communication
Subtotal
proposed
ACTUAL
ACTUAL
BUDGET
BUDGET
FY15/16
FY16/17
FY17/18
FY18/19
FTE's 0.35
0.35
0.35
0.35
$18,227
$19,349
$19,988
$20,501
$2,687
$3,058
$2,963
$5,018
$1,394
$1,496
$1,568
$1,630
$22,308
$23,903
$24,519
$27,149
$48
$48
$48
$48
$48
$48
$48
$48
000
430300 Airport
353 Auditing
356 Legal Survey/title search/appraisals/ contract services
522 Administrative transfer
840 Redevelopment activity
Subtotal
$1,600
$1,600
$1,600
$1,600
$0
$291
$0
$0
$8,674
$9,243
$9,975
$9,503
$18,354
$0
$2,000,000
$2,500,000
$28,628 $11,134 $2,011,575 $2,511,103
Total $50,984 $35,085 $2,036,142 $2,538,300
47
WESTSIDE TAX INCREMENT DISTRICT "C"
FUND: 21.88
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
Personal Services
Distribution or Redevelopment
Tiger Activity
Total Expenditures
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY16/17
FY17/18
FY17/18
FY18/19
$3,946,859 $4,004,198 $4,004,198 $2,356,215
$3,946,859 $4,004,198 $4,004,198 $2,356,215
$276,407
$210,000
$220,000
$220,000
$0
$0
$7,764
$7,500
$362
$200
$376
$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
$40,000
$20,000
$0
$5,000,000
$4,735,000
$0
$574,915
$5,476,828
$5,254,222
$498,978
$4,521,774
$9,481,026
$9,258,420
$2,855,193
$50,216
$52,205
$52,205
$56,544
$49,200
$1,202,158
$50,000
$2,462,192
$418,160
$8,107,000
$6,800,000
$0
$517,576
$9,361,363
$6,902,205
$2,518,736
ENDING CASH
Operating $4,004,198 $119,663 $2,356,215 $336,457
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.
Ordinance 1704 expanded and extended the life of the Westside Urban Renewal District for 25 years with the sale of an Urban Renewal Note in the
amount of $500,000 to Rocky Mountain Bank, The District has since been expanded to include the Core Area Redevelopment Boundary.
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
proposed
ACTUAL
ACTUAL
BUDGET
BUDGET
FY15/16
FY16/17
FY17/18
FY18/19
FT) 'S 0.66
0.65
0.65
0.65
$37,673
$41,500
$43,230
$44,335
$4,989
$5,509
$5,599
$8,701
$2,878
$3,207
$3,375
$3,508
$45,540
$50,216
$52,205
$56,544
$2,000
$2,000
$3,000
$3,000
$0
$0
$5,000
$5,000
$192
$192
$192
$192
$32,340
$33,844
$40,000
$0
$0
$0
$200,000
$450,000
$3,198
$3,464
$3,966
$4,000
$233,689
$9,700
$950,000
$2,000,000
$271,419
$49,200
$1,202,158
$2,462,192
$57,385
$418,160
$0
$0
$0
$0
$8,107,000
$0
$374,344
$517,576
$9,361,363
$2,518,736
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
355 Glacier Investment Reimbursement
356 FED -EX Reimbursment/Developer agreement
820 Operating Transfer-FY14 Debt Service/FYIS Comm. Dev.
Total Expenditures
ENDING CASH
10100 Operating Cash -Redevelopment
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY16/17
FY17/18
FY17/18
FY18/19
$9,730
$16,695
$16,695
$11,508
$54,699
$60,000
$67,000
$67,000
$5,182
$5,000
$5,000
$5,000
$0
$0
$0
$0
$3,057
$3,056
$3,056
$3,056
$150
$100
$150
$100
$0
$0
$0
$0
$63,088
$68,156
$75,206
$75,156
$72,818
$84,851
$91,901
$86,664
$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
$16,695
$3,351
$11,508
$10,164
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
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY16/17
FY17/18
FY17/18
FY18/19
BEGINNING CASH
10100 Cash Operating -Redevelopment
$12,427
$7,413
$7,413
$3,963
REVENUES
311100 RealEstate Taxes
$9,787
$10,000
$6,500
$6,500
312000 Penalty & Interest
$53
$100
$50
$50
383001 Transfer from Debt Service -Reimburse
$146
$0
$0
$0
Total Revenue
$9,986
$10,100
$6,550
$6,550
Total Available
$22,413
$17,513
$13,963
$10,513
EXPENDITURES
820 Operating Transfer-FY14 Debt Service/FYl5 Comm. E $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
$3,963
$513
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
EXPENDITURES
354 Contract Services
790 Redevelopment
820 Operating Transfer
Total Expenditures
ENDING CASH
10100 Operating Cash -Redevelopment
estimated
proposed
BUDGET
ACTUAL
BUDGET
FY17/18
FY17/18
FY18/19
$0
$0
$518
$0
$518
$500
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$518
$500
$0
$518
$1,018
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
PROGRAM DESCRIPTION
$0 $518 $1,018
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: 23 72 -400-5 21000-810
REVENUE PROJECTION
26.0 24.0 240 940
BEGINNING CASH
10100 Cash on Hand
REVENUE
311100
Real Estate taxes
311200
Personal Property taxes
312000
Penalty & Interest
335230
Entitlement
Total Revenue
Total Available
521000-810 Health Insurance -transfer to General Fund
521000-810 Health Insurance -transfer to PARKS
ENDING CASH
Cash Carry over
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY16/17
FY17/18
FY17/18
FY18/19
$ 53,147 $ 63,742 $ 63,742 $ 81,074
$ 957,119 $ 978,000 $ 960,000 $ 950,000
$ 21,396 $ 16,000 $ 25,308 $ 25,000
$ 1,367 $ 1,000 $ 1,192 $ 1,000
$ 22,713 $ 22,025 $ 22,832 $ 22,025
$ 1,002,595 $ 1,017,025 $ 1,009,332 $ 998,025
$ 1,055,742 $ 1,080,767 $ 1,073,074 $ 1,079,099
$
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 $ 81,074 $ 99,099
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 a base year and calculates the average increase per governmental 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.
091