Financial Report Fiscal 2000CITY OF KALISPELL
ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
I. Letter of Transmittal........................................................................................................................................... 1-4
II. Elected Officials.................................................................................................................................................... 5
III. Financial Statements
A. Combined Statements - All fund types and Account groups.................................................................... 6
1. Combined Balance Sheet...................................................................................................................... 7-8
2. Combined Statement of Revenues, Expenditures and Changes in Fund Balance
AllGovernmental Funds............................................................................................................. 9
3. Combined Statement of Revenues, Expenditures and changes in Fund Balance Budget to Actual
AllGovernmental Funds............................................................................................................. 10-11
4. Combined Statement of Revenue, Expenses and Changes in Retained Earnings
AllProprietary Fund Types....................................................................................................... 12
5. Combined Statement of Cash Flows
AllProprietary Fund types......................................................................................................... 13
B. Notes to Financial Statements....................................................................................................................... 14-39
C. Individual Statements by Fund type
1. General Fund.........................................................................................................................................
40-44
2. Special Revenue Funds.........................................................................................................................
45-59
3. Debt Service Funds...............................................................................................................................
60-69
4. Capital Project Funds...........................................................................................................................
70-72
5. Enterprise Funds...................................................................................................................................
73-78
6. Internal Service Funds.........................................................................................................................
79-82
7. Agency Funds........................................................................................................................................
83-84
8. Group Accounts....................................................................................................................................
85-87
IV. Supplemental schedules
A. 10 year History of Taxable Valuation..................................................................................................... 88-89
B. General Statistical Information............................................................................................................... 90
C. Tax Levy Requirements Schedule........................................................................................................... 91
Incorporated 1892
Telephone (406)758-7700
FAX (406) 758-7758
Post Office Box 1997
Kalispell, MT
Zip 59903-1997
December 19, 2000
Honorable Mayor and City Council
City of Kalispell
Kalispell, Mt. 59901
The Annual Financial Report for the City of Kalispell, Montana for the fiscal year ended June 30, 2000, is submitted for your review. The Finance Office prepared
this report. Responsibility for the accuracy and completeness of the presented data, including all disclosures, rests with the City. We believe the data, as presented,
is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the City as measured
by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain an understanding of the City's financial affairs have been
included.
Accounting System and Budgetary Control
The City's accounting records for general governmental operations are maintained on a modified accrual basis. Under this method, revenues are recorded when
measurable and available; expenditures are recorded when services or goods are received and the liabilities are incurred. Accounting records for enterprise funds
are recorded on the accrual basis. Under this method, revenues are recorded when the services are performed; expenditures are recorded when the goods or
services are received and the liabilities are incurred.
In developing the City's accounting system, consideration is given to the adequacy of internal accounting controls. Internal controls are designed to provide
reasonable assurance regarding the safeguarding of assets and the accuracy and reliability of accounting data used for preparing financial data and maintaining
accountability for assets.
Budgetary control is maintained by an annual appropriation system. The Mayor and Council evaluate the budget proposals of the various City departments to
determine the operating level of the operating and public service programs. After giving due consideration to the input received from the citizens, the City Council
adopts the budget. The budget is appropriately controlled through an on line accounting system. The control is decentralized to the point that individual department
heads are responsible for expending within budgetary limits.
Reporting Entity and Services Provided
All significant operations of the City, as defined by the National Council of Governmental Accounting, Statement #3, have been included in the accompanying
financial statements. The City provides a full range of municipal services including police, fire, building safety, planning and zoning, city court, parks and recreation,
streets, community development and general administrative services. The City also operates as Enterprise funds: water, sewer, ambulance and solid waste.
In addition, the Kalispell Parking Commission Balance Sheet, Statement of Revenues, Expenditures and Changes in Retained Earnings and the Statement of Cash
Flows are presented as a component unit of the City of Kalispell on the combined statements.
General Government Functions
Revenues for general government functions totaled $10,326,673 in FY 2000 a decrease of 3.57% from the 1999 fiscal year. This includes General, Special Revenue,
Debt Service and Capital Project Funds.
FY2000
Percent
increase or
Percent
Revenue
of FY2000
(decrease) FY99
increase or decrease -
Taxes/Assessments
$ 5,050,429
48.91 %
$ (216,823)
-4.12 %
Licenses/Permits
459,656
4.45 %
97,466
26.91 %
Intergovernmental
3,071,032
29.74 %
(244,461)
-7.37 %
Charges for Services
863,632
8.36 %
(38,279)
-4.24 %
Fines and Forfeitures
379,517
3.68 %
27,544
7.83 %
Investment Earnings
109,289
1.06 %
6,795
6.63 %
Other Revenue
393,118
3.81 %
(14,166)
- 3.48 %
Total
$ 10,326,673
100.00 %
$ (381,924)
3.57 %
Taxable valuation of $21,338,655 represents an increase from the prior year valuation, which was $21,171,715. The mills levied for FY2000 were 114.25 which
will generate the same revenue as the prior year levy exclusive of new construction. The total 3.57% decrease is due changes in the tax structure which reduced tax
revenue primarily in the Tax Increment Districts and replaced tax revenue with intergovernmental revenue -personal property reimbursements. However, the
increases in reimbursements were offset but reductions in grant revenue. The City received a million dollars in grants for the Samaritan house in the prior year.
Video gaming revenue was up $123,490, an intergovernmental source. Building permits were up by $78,430; zoning fees were up by $16,682 accounting for most of
the change in licenses and permits. In the Charge for Services function, revenue was down $1,352 for recreation and up by $7,090 for the Pool. Administrative fees
charged to other funds for services were down by $33,472. City Court fines were up 7.8% or $27,544. Other revenue includes Golf Course revenue, the KidSports'
contribution for the Youth Athletic Complex lease and rent receipts for the Courtyard Apartments and rental property acquired south of City hall. Joint venture
income from the Mall is gone, a reduction over last year of $10,626.
Allocations of property tax levy by purpose for FY2000 and the proceeding five fiscal years are as follows - stated in mills:
purpose
FY2000
FY99
FY98
FY97
FY96
FY95
3eneral Fund
69.54
67.66
74.66
65.94
59.94
62.16
�omp.Insurance
10.28
9.00
10.00
13.22
12.22
12.22
ketirement
14.39
14.00
13.00
15.00
13.34
12.34
Health
18.50
18.00
16.00
19.50
19.50
17.28
J. O. Bond
1.54
2.50
2.50
2.50
2.00
3.00
3ov't Study Commission
1.00
.50
Total
114.25
111.16
116.16
116.16
108.00
107.50
Expenditures for general governmental purposes totaled $13,578,132, an increase of 17.88% or $2,059,078 from 1999. General Fund expenditures increased by
$381,838 while Special Revenue funds decreased by $1,256,521. Debt service funds increased $82,306 - the G. O Bond was retired in April 2000. Capital Project
Funds increased by $3,002145 due to the Capital Project Fund for the purchase of Gateway Mall and the Stream, Inc. redevelopment project. General Government
expenses increased related t ontract legal services related to the police contract. Public Safety Expenditures increased by $111,283 that included implementation of
the union contracts. General Fund Parks and Recreation expenditures were up $23,123 for the year, Pool and Parks maintenance remained the same while recreation
increased $27,989 primarily for personnel. The majority of the general fund increase is in the capital outlay category with the purchase of the fire truck for $252,787.
Special Revenue funds reflect a decrease in capital expenditures in the Tax Increment District for the completion of the Central School project. Special Revenue
funds reflect increases in the Community Development category related to redevelopment loans including the $1,000,000 loan to Stream Inc. Expenditures include
the General Fund, Special Revenue, Debt Service and Capital Project Funds. Percent
FY2000 amt % FY99 Total Increase(decrease) Increase(decrease)
General Government
$ 936,511
6.90 %
$ (24,726)
-2.57 %
Public Safety
3,342,327
24.62 %
225,452
7.23 %
Public Works
1,398,926
10.30 %
(102,896)
-6.85 %
Parks & Recreation
723,360
5.33 %
63,001
9.54 %
Community Development
2,019,148
14.87 %
223,685
12.46 %
Misc.(Insurance)
287,432
2.12 %
39,789
16.07 %
Capital Outlay
4,370,624
32.19 %
1,541,478
54,49 %
Debt Service
499,804
3.68 %
93,295
22.95 %
Total
$ 13,578,132
100.00 %
$ 2,059,078
17.88 %
Debt Administration
The city has no General Obligation bonds as of June 30, 2000. G. O. Bonds for the pool were paid off in April of 2000. $262,903 of Special Assessment Bonds are
outstanding and $455,000 of Urban Renewal Bonds payable by the Tax Increment District (not general obligations of the City) are outstanding. The City and the
Montana Board of Investments entered into new debt for the purchase of a portion of the Gateway West Mall complex in the amount of $2,500,000. Westside Urban
Renewal District income and a pledge from the Flathead County Port Authority is financing the debt. Governmental funds also are responsible for $228,597 in
Montana Board of Investment Intercap loans for equipment.
Cash Management
The City's demand deposits are interest bearing money market accounts. Interest income recorded by all governmental funds totaled $393,118; interest earned by
Proprietary funds (Enterprise & Internal Service funds) operating funds was $519,824. The City utilizes the Statewide Investment Pool, S.T.I.P.
Capital Project Funds
Capital project funds are used annually for the construction of sidewalk & curbs financed by special improvement district bonds or warrants. $1,769 in Sidewalk &
Curb warrants were issued this year. No other SID bonds were issued this year. A capital Project fund was used for the Stream, Inc. Project which included the
acquisition of the Gateway West Mall property with a Board of Investment loan for $2,500,000 and a $500,000 CDBG Grant.
General Fixed Assets
The general fixed assets of the City are those assets used in the performance of general governmental functions and do not include fixed assets of the Enterprise
funds. As of June 30, 2000, the general fixed assets of the City amounted to $18,820,046. This amount represents the original cost of the assets and is considerably
less than their estimated fair market value. Depreciation of general fixed assets is not reflected in the City's accounting records.
Enterprise Funds
The Water fund was established to account for the operation of the municipal water utility. The City has a spring at Lawrence Park, a well at Depot Park, the Armory
well, the Buffalo Hill well and standpipe and the new well at Grandview Avenue. There are two covered reservoirs at Buffalo Hill. The City maintains 54 miles of
water lines. Customers are billed for water used. In FY2000, the water system assets were increased by $267,284.
The Sewer fund was established to account for the operation of the wastewater treatment plant, the sanitary sewer operation and the storm sewer system. Storm
sewer maintenance is financed by a citywide assessment. The sewer charge is based on water usage. The sewer system assets increased by $821,121. The City
Wastewater Treatment plant also treats the sewage of the Evergreen Sewer District.
The Ambulance fund was established to account for the operation of the City's ambulance service. The fire department personnel operate this service.
The Solid Waste fund was established to account for the operation of the City's garbage pickup. It is financed by an annual assessment of $70 per residence.
Insurance
The City joined other Montana cities and towns to form a self-insurance pool offering worker's compensation and liability coverage. In March 1993, the Montana
Municipal Insurance Authority issued tax exempt refunding bonds for $4,410,000 to fund the liability program reserves. Debt service on the bonds is expected to be
paid through interest earnings on bond proceeds and other funds of the authority. Refunding Bonds for worker's compensation were sold in February 1994 bringing
the total debt for the MMIA Worker's Compensation pool to $6,614,753.
Prospects for the Future
Since November 1986 and the passage of Initiative 105 (to limit certain property taxes to the 1986 levels) to the recent passage of S13184, the ability of the City to
raise revenue for basic services is increasingly difficult. The legislature, with S13184, has lowered tax rates forcing the City to increase mill levies to maintain the
same level of revenue.
The City's financial position has improved considerably over the last several years. The additional revenue from increased taxable valuation and other sources, such
as gambling, has brought our milled funds out of a deficit position allowing us to build cash reserves. The City's cash reserves vary between 10% and 20% of
Appropriations. State law allows for reserves of 50%. Reserves provide for cash flow between tax revenue receipts to keep the City from having to borrow funds for
o,erations. Additional revenues generated by increased taxable valuation come with the additional costs of an increased service area. The City of Kalispell's Police
and Fire Departments, Courts system, Building Department, Public Works and Parks have felt the increased pressure from the influx of people to Flathead County.
"These pressures impact the budgets of all departments. The outlook for the City of Kalispell is to provide basic services and look for additional ways to fund these
costs.
Acknowledgments
In conclusion, I am able to report that the City of Kalispell is in sound financial conditions and should continue to enjoy good financial health. I wish to express my
thanks to the staff of the Finance office as well as the administrative staff of the various departments. Your help and input is appreciated.
In accordance with Section 7-6-4111, MCA I hereby transmit the City of Kalispell Annual Financial Report as of June 30, 2000 for the fiscal year then ended.
1,22 0
Date
Respects ly submitted,
City Finance Director
4
CITY OF KALISPELL
ANNUAL FINANCIAL REPORT
JUNE 30, 2000
II. ELECTED OFFICIALS
Manager/Council form of Government
Mayor William E. Boharski 1/1/2002
Council members:
Donald Counsell
Ward I
1/1/2004
Jim Atkinson
Ward III
1/1/2002
Ron Van Natta
Ward I
1/1/2002
Randy Kenyon
Ward III
1/1/2004
Fred Leistiko
Ward II
1/1/2004
M. Duane Larson
Ward IV
1/1/2004
Dale Haarr
Ward II
1/1/2002
Douglas Scarff
Ward IV
1/1/2002
Other City Officials:
City Manager Chris Kukulski
Attorney
Glen Neier
Police Chief
Frank Garner
Fire Chief
Ted Waggener
Finance Director
Amy Robertson
City Judge
Heidi Ulbricht
Public Works Director
James Hansz
Parks Director
Michael Baker
Community Development Director
Susan Moyer
5
III. Financial Statements
A. Combined Statements - all fund types and account groups
1. Balance Sheet
2. Revenues, Expenditures and Changes in Fund Balance
-Governmental Fund Types
3. Revenues, Expenditures and Changes in Fund Balance
-General, Special Revenue, Debt Service and
Capital Project Funds
4. Revenues, Expenses and Changes in Retained Earnings
-Proprietary Fund types
5. Statement of Cash Flows
-Proprietary Fund types
CITY OF KALISPELL
Combined Balance Sheet - All Fund Types and Account Groups
June 30, 2000
Governmental Fund
Types
Proprietary
Funds
Fiduciary
Account Groups
TOTALS
COMPONENT
TOTALS
(Mrmo�endtmt
UNIT
(Memo-dwn
General
General
o,dy)
Propdd..y
only)
General
Special
Debt
Capital
Enterprise
Internal
Trust and
Fixed
Long-term
Primary
tm,d type
Reporting
Fund
Revenue
Service
Projects
Funds
Service
Agency
Assets
Debt
Government
Parking
Entity
ASSETS AND OTHER DEBITS
Assets:
Cashllnvestntents S
755,527 S
3,973,395 $
35,860 $
97,000 $
8,276,954
$ 746,207
$ 88,923
$
13,973,866
$ 65,645 $
14,039,511
Receivables:
Taxes
192,317
361,076
4,766
363,385
363,385
Special Assessments
P
290
56,281
248,673
58,141
370,819
565,300
565,3U0
10,880
576,180
576,180
Accounts
194,481
0
Due from other governments
219,414
581,973
9,443
500,000
75,515
1,386,345
510,693
1,386,345
510,693
Due front other funds
2,373
500,000
8,320
22
22,213
Due from other organizations
22,213
1
Advance to other funds
40,000
75,000
102,549
02,549
102549
Inventories
1,553,312
1,553,,312
Loans receivable
1,553,312
31,506
31506
,
Accrued Interest Rec.
15,342
16,164
832
56,945
56,945
45
Prepaid expenses
56,113
Fixed assets (net of accumulated
25,816,365
65,580
18,820,046
44,701,991
12,151
44,714,142
depreciation, where applicable)
Other debits:
47,320
47,320
47,320
Amount Available in Debt funds
Amount to be provided for retirement
4,468,473
4,468,473
4,468,473
of general long-term debt
debits $
1,404,4U2 $
7,194,705 $
323,226 $
597,000 $
34,700,343
S 812,619
$ 88,923 $
18,820,046 $
4,515,793 $
68,457,057
$ 88,676 $
68,545,733
Total Assets and other
See accompanying Notes to Financial Statements
F�
CITY OF KALISPELL
Combined Balance Sheet - All Fund Types and Account Groups
June 30, 2000
General
Fund
Governmental Fund
Special
Revenue
Types
Debt
Service
Capital
Projects
Proprietary
Enterprise
Funds
Funds
Internal
Service
Fiduciary
Trust and
Agency
Account Groups
General General
Fixed Long-term
Assets Debt
TOTALS
(Memorandum
only)
Primary
Government
COMPONENT
VM
Proprietary
bmdtype
Parking
TOTALS
(Memorandum
only)
Reporting
Entity
LIABILITIES, EQUITY &
OTHER CREDITS
Liabilities:
Accounts payable
$ 78,534
S 140,215
$ 97,000
$ 247,174
$ 4,293
S 88,923
S 656,139
S 4,637
$ 660,776
Accrued payable
31,334
578
31,912
31,912
Purchase contract
27,751
27,751
27,751
Retainage payable
5,173
5,173
5,173
Due to other funds
115,000
8,320
502,373
625,693
625,693
Est. liability for ciahns
53,437
53,437
53,437
Deferred revenue
387,088
1,970,668
253,437
2,611,193
2,611,193
Liabilities payable from
Restricted assets:
Special assessment debt with
government commitment
262,903
262,903
262,903
Urban renewal bonds payable
455,000
455,000
455,000
Revenue bonds payable
3,515,000
3,515,000
3,515,000
SRF loan payable
2,783,000
2,783,000
2,783,000
Capttal leases/loans payable
248,000
2,979,308
3,227,308
3,227,308
Deferred compensation payable
146,183
818,582
964,765
3,975
968,740
Total Liabilities
S 496,956
S 2,259,385 S
261,757
S 599,373
S 6,939,357
S 57,730
S 88,923 S
0 S 4,515,793
S 15,219,274
S 8,612
S 15,227,886
Equity and other credits:
Investment in general fixed assets
18,820,046
18,820,046
18,820,046
Contributed capital
13,459,683
544
13,460,227
13,460,227
Retained earnings:
Designated for replacement
337,485
51,339
388,824
Reserved
6,129,534
6,129,534
6,129,534
Unreserved
7,834,284
703,006
8,537,290
8,537,290
Fund Balances:
Reserved
152,006
15,450
167,456
167,456
Unreserved
907,446 4,783,314
46,019 -2,373
5,734,406 80,064
5,814,470
Total Equity and other credits S
907,446 S 4,935,320 $
61,469 S (2,373) $
27,760,986 S
754,889 S 0 $ 18,820,046 S 0 S
53,237,783 S 80,064 S
53,317,847
Total Liabilites and Fund Equity S
1,404,402 S 7,194,705 S
323,226 S 597,000 $
34,700,343 S
812,619 S 88,923 $ 18,820,046 S 4,515 793 S
68,457,057 S 88,676 $
68,545,733
8
CITY OF KALISPELL
ALL GOVERNMENTAL FUNDS
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
June 30, 2000
GOVERNMENTAL FUND TYPES
Special
Debt
Capital
Account
Description
General
Revenue
Service
Projects TOTALS
(Memorandum Only)
Revenues:
310000
Taxes/assessments
$ 1,628,440 $
3,283,266 $
138,723
$ 5,050,429
320000
Licenses and permits
133,920
325,397
339
459,656
330000
Intergovernmental
1,426,886
1,140,498
3,648
500,000 3,071,032
340000
Charges for services
850,018
13,614
863,632
350000
Fines and forfeitures
379,517
0
379,517
360000
Miscellaneous revenue
52,019
57,270
109,289
370000
Investment earnings
74,329
282,044
36,745
393,118
Total Revenue
4,545,129
5,102,089
179,455
500,000 10,326,673
Expenditures:
410000
General government
835,638
100,873
936,511
420000
Public safety
2,377,843
964,484
3,342,327
430000
Public works
544,772
854,154
1,398,926
460000
Culture and recreation
607,518
115,842
723,360
470000
Housing/community development
0
2,019,148
2,019,148
510000
Miscellaneous
540
286,892
287,432
900obj
Capital outlay
340,438
1,026,044
3,004,142 4,370,624
490000
Debt service
7,189
289,694
202,921 499,804
Total Expenditures
4,713,938
5,657,131
202,921 3,004,142 13,578,132
Excess Revenues over(under)expenditures (168,809) (555,042) (23,466) (2,504,142) (3,2519459)
Other Financing Sources (Uses):
380000 Sale of assets/land
324,954
324,954
381000 Inception of Lease/proceeds
87,603
122,382
2,501,769
2,711,754
383000 Transfer in
183,281
183,281
521000 Transfers (out)
(40,505)
(142,776)
(183,281)
Excess revenues and other sources over
(under) expenditures and other uses
(121,711)
(67,201)
(23,466)
(2,373)
(214,751)
Fund Balance July 1, 1999
1,029,157
5,531,637
62,662
0
6,623,456
Residual equity transfer in (out)
0
(529,116)
0
0
(529,116)
Fund Balance June 30, 2000
$ 907,446 $
4,935,320 $
39,196 $
(2,373) $
5,879,589
See accompanying Notes to Financial Statements
JUNE 30, 2000
Account Description
Revenues:
310000
Taxes/assessments
320000
Licenses and permits
330000
Intergovernmental
340000
Charges for services
350000
Fines and forfeitures
360000
Miscellaneous revenue
370000
Investment earnings
Total Revenue
Expenditures:
Current:
410000
General Government
420000
Public Safety
430000
Public Works
460000
Culture and Recreation
470000
Housing/Comm. Development
510000
Miscellaneous
900obj
Capital outlay
490000
Debt Service
Total Expenditures
Excess Revenues over
(under) expenditures
Other Financing Sources (Uses):
381000
Sale of assets/land
381000
Inception of lease/Loan proceeds
383000
Transfer in
521000
Transfers out
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1,1999
Residual equity transfers in (out)
Fund Balance June 30, 2000
See accompanying Notes to Financial Statements
CITY OF KALISPELL
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL, SPECIAL REVENUE, DEBT SERVICE AND CAPITAL PROJECTS FUND TYPES
GENERAL FUND
Budget After
transfers Actual Variance
$ 1,607,0.58 $
1,628,440 $
21,382
125,095
133,920
8,825
1,316,300
1,426,886
110,586
854,777
850,018
(4,759)
386,782
379,517
(7,265)
40,477
52,019
11,542
83,940
74,329
(9,611)
4,414,429
4,545,129
130,700
849,220
835,638
13,582
2,382,459
2,377,843
4,616
557,080
544,772
12,308
610,512
607,518
2,994
0
1,550
540
1,010
342,827
340,438
2,389
7,189
7,189
0
4,750,837
4,713,938
36,899
(336,408) (168,809) 167,599
87,603 87,603
(40,505) (40,505) 0
(289,310) (121,711) 167,599
1,029,157
$ 907,446
SPECIAL REVENUE FUNDS
Budget After
transfers Actual Variance
3,333,129 $ 3,283,266 $ (49,863)
245,000 325,397 80,397
1,377,639 1,140,498 (237,141)
15,351 13,614 (1,737)
159,298 57,270 (102,028)
250,152 282,044 31,892
5,380,569 5,102,089 (278,480)
103,714
100,873
2,841
988,808
964,484
24,324
1,505,197
854,154
651,043
136,344
115,842
20,502
2,204,182
2,019,148
185,034
317,345
286,892
30,453
6,457,921
1,026,044
5,431,877
307,423
289,694
17,729
12,020,934
5,657,131
6,363,803
(6,640,365) (555,042) 6,085,323
281,821 324,954 43,133
2,822,630 122,382 (2,700,248)
162,328 163,233 905
(122,728) (122,728) 0
(3,496,314) (67,201) 3,429,113
5,5315637
(529,116)
$ 4,935,320
10
CITY OF KALISPELL
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
GENERAL, SPECIAL REVENUE, DEBT SERVICE AND CAPITAL PROJECTS FUND TYPES
June 30, 2000
DEBT SERVICE FUNDS
CAPITAL PROJECT FUNDS
Budget Aller
Budget After
Account
Description
transfers Actual
Variance
transfers ' Actual Variance
Revenues:
310000
Taxes/assessments
$ 95,871 $ 138,723 $
42,852
320000
Licenses and permits
150 339
330000
Intergovernmental
3,107 3,648
541
$ 500,000 $ 500,000 $ 0
340000
Charges for services
350000
Fines and forfeitures
360000
Miscellaneous revenue
370000
Investment earnings
500 36,745
36,245
Total Revenue
99,628 179,455
79,638
500,000 500,000 $ 0
Expenditures
Current:
410000
General Government
420000
Public Safety
430000
Public Works
460000
Culture and Recreation
470000
Housing/Comm. Development
510000
Miscellaneous
900obj
Capital outlay
490000
Debt Service
Total Expenditures
Excess Revenues over
(under) expenditures
Other Financing Sources (Uses):
380000 Proceeds of bonds/loans
381050 Sale of assets/land
383000 Transfer in
521000 Transfers out
Excess revenues and other sources over
(under) expenditures and other uses
Find Balance July 1, 1999
Residual equity transfers in (out)
Fund Balance June 30, 2000
See accompanying Notes to Financial Statements
204,636 202,921 1,715 3,025,000 3,004,142 20,858
204,636 202,921 1,715 3,025,000 3,004,142 20,858
(105,008) (23,466) 81,353 (2,525,000) (2,504,142) 20,858
2,525,000 2,501,769 (23,231)
(105,008) (23,466) 81,353 0 (2,373) (2,373)
62,662 0
0 0
$ 39,196 $ (2,373)
June 30, 2000
OPERATING REVENUES
335000
Intergovernmental revenue
340000
Charge for services
360000
Miscellaneous
363000
Special assessments
351000
Fines & forfeitures
383000
Internal services
TOTAL OPERATING REVENUES
OPERATING EXPENSES
100
Personal services
200
Supplies
300
Purchased services
400
Building materials
500
Fixed chgs./Admin transfers
810
Loss/bad debt
830
Depreciation
TOTAL OPERATING EXPENSES
Operating Income (loss)
NON -OPERATING REVENUE(EXPENSE)
343000
Hookups
371010
Interest revenue
381050
Debt service interest
490000
Total Non -Operating Revenues (Expenses)
NET INCOME
Add depreciation on assets acquired by contribution
Increase in Retained Earnings
Retained earnings - 711/99-as previously reported
Restatements/prior period adjustments
Retained Earnings-7/1/99 - restated
Retained earnings - 6130100
CITY OF KALISPELL
COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES
IN RETAINED EARNINGS - ALL PROPRIETARY FUNDS
PROPRIETARY FUND TYPES
TOTALS
COMPONENT
TOTALS
(Memornndum Only)
UNIT
(Memornndmn Only)
ENTERPRISE
INTERNAL
Primary
Proprietary
Reporting
FUNDS
SERVICE
Government
fund Parking
Entity
S 0 $
65,730
S 65,730
$ 65,730
4,269,731
4,269,731
58,692
4,328,423
2,355
56
2,411
2,411
258,538
258,538
258,538
0
64,202
64,202
828,233
828,233
828,233
4,530,624
894,019
5,424,643
122,894
5,547,537
1,521,029
1,521,029
65,669
1,586,698
85,497
7,445
92,942
1,317
94,259
678,290
854,291
1,532,581
17,575
1,550,156
23,895
23,895
23,895
397,375
18,379
415,754
6,019
421,773
244,522
244,522
244,522
1,497,374
54,650
1,552,024
5,258
1,557,282
4,447,982
934,765
5,382,747
95,838
5,478,585
82,642
(40,746)
41,896
27,056
68,952
308,416
308,416
308,416
477,126
42,698 519,824
867 520,691
(353,571)
(353,571)
(706) (354,277)
431,971
42,698 474,669
161 474,830
514,613
1,952
516,565
27,217
543,782
660,960
12,292
673,252
0
673,252
1,175,573
14,244
1,189,817
27,217
1,217,034
13,130,230
740,101
13,870,331
88,767
13,959,098
(4,500)
(4,500)
(35,920)
(40,420)
13,125,730 740,101 13,865,831 52,847 13,918,678
$ 14,301,303 $ 754,345 $ 15,055,648 $ 80,064 $ 15,135,712
12
CITY OF KALISPELL
June 30, 2000
TOTALS
COMPONENT
TOTALS
(Memorandum Only)
UNIT
(Memorandum Only)
COMBINED STATEMENT OF CASH FLOWS
ENTERPRISE
INTERNAL
Primary
Proprietary
Reporting
ALL PROPRIETARY FUND TYPES
FUNDS
SERVICE
Government
Fund - Parking
Entity
Cash flows from Operating Acitivies:
Cash Received From Customers
3,649,700
3,649,700
114,569
3,764,269
Cash Received From Assessments
705,308
705,308
705,308
Cash Payments to Suppliers for goods & services
(1,176,798)
(851,445)
(2,028,243)
(24,268)
(2,052,511)
Cash Payments to Employees for Services
(1,523,343)
(1,523,343)
(64,626)
(1,587,969)
Cash received from Internal Services
828,233
828,233
828,233
Cash From Other Operating Revenues
24,411
65,786
909197
8,325
98,522
Net Cash Provided by Operating Activities
1,679,278
42,574
1,721,852
34,000
1,755,852
Cash Flows From Capital and Related Financing Activities:
Acquisition and Construction of Capital Assets
(588,540) (31,998)
(620,538) (1,037)
(621,575)
Board of Investment Loans
248,000
248,000
248,000
Principal Paid on Revenue Bonds, Contracts & leases
(439,000)
(439,000) (6,010)
(445,010)
Interest Paid on Revenue Bonds, Contracts & leases
(353,572)
(353,572)
(353,572)
Cash received from hookups
303,916
303,916
303,916
Net Cash Used for Capital and Related Financing Activities
(829,196) (31,998)
(891,194) (7,047)
(868,241)
Cash Flows From Investing Activities:
Interest on Investments
Advance to other fund net of repayment
Purchase of long term investments
Redemption of long term investments
Net Cash Used in Investing Activities
Net Increase in Cash and Cash Equivalents
Cash and Cash Equivalents at July 1, 1999
Cash and Cash Equivalents at June 30, 2000
Reconciliation of Operating Income to Net Cash provided by operations:
Operating Income
Adjustments to Reconcile Income to net cash provided by operations:
Depreciation
Bad Debt Expense
Change in Assets and Liabilities:
Decrease (Increase) in Accounts Receivable
Decrease (Increase) in Assessmnts Receivable
Decrease (Increase) in Inventory
Increase (Decrease) in Accounts Payable
Decrease (Increase) in Prepaid Maintenance
Decrease (Increase) in Estimated Liabilities
Increase (Decrease) in Compensated Absences
Net Cash Provided by Operating Activities
477,127 42,698
519,825 762
520,587
6,010
6,010
69010
(1,769)
(1,769)
(1,769)
11,844
11,844
11,844
493,212 42,698
535,910 762
536,672
1,343,294 53,274 1,396,568 27,715 1,424,283
6,891,725 692,933 7,584,658 37
8,235,019 746,207 8,981,226 65,646 9,046,872
82,642 (40,746) 41,896 26,455 68,351
1,497,374 54,650 1,552,024 .5,258 1,5579282
198,489 198,489 198,489
(121,991)
(121,991)
(121,991)
16,707
16,707
16,707
5,243
5,243
5,243
3,126
122
3,248 22
3,270
III
III
111
28,437
28,437 2,265
30,702
(2,312)
(2,312)
(2,312)
1,679,278
42,574
1,721,852 34,000
1,755,852
Disclosure of Accounting Policy: For the purposes of the Statement of Cash Flows, the Proprietary Funds consider all highly liquid investments
(including restricted assets) with a maturity of three months or less when purchased to be cash equivalents.
13
III. Financial Statements - con't.
B. Notes to the Financial Statements
14
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
1. Summary of Significant Accounting Policies
The following is a summary of the City of Kalispell's significant accounting policies:
Reporting Entity
The City is governed by an elected Mayor and City Council. The City is considered a primary government because it is a general purpose local government.
Further, it meets the following criteria: (a) It has a separately elected governing body (b) It is legally separate and (c) It is fiscally independent from the State and
other local governments.
The accompanying general-purpose financial statements include all funds, account groups, agencies, boards, commissions and authorities which meet the criteria
for inclusion in the City's financial report. These criteria include financial accountability, appointment of a majority of the secondary government and the
financial benefit or burden derived by the primary government from a secondary government.
As required by generally accepted accounting principles, these financial statements present the City of Kalispell and its component unit. The component unit is
included in the city's reporting entity because of the significance of its operational or financial relationship with the City, as described above.
The discretely presented component unit, the Kalispell Parking Commission, is a legally separate organization of the City, but the City is financially accountable.
The City appoints the governing body of the Parking Commission. The Parking Commission runs a variety of metered and leased parking areas downtown
which are owned by the City. They also issue tickets for parking violations in the parking district downtown. The component unit is reported in a separate
column to emphasize it is legally separate from the City.
Measurement Focus, Basis of Accounting
Fund Accounting
The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of
each fund are accounted for within a separate set of self -balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures, or
expenses, as appropriate. The following types of funds and account groups are maintained by the City.
GOVERNMENTAL FUNDS are used to account for the City's general government activities. Governmental fund types use the flow of current financial
resources measurement focus and the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recognized when
susceptible to accrual. (i.e., when they are "measurable and available ") " Measurable" means the amount of the transaction can be determined and "available"
means collectible within the current period or soon enough thereafter to pay liabilities of the current period. The City considers all revenues available if they are
collected within 60 days after year-end. Expenditures are recorded when the related fund liability is incurred, except for unmatured interest on general long-
term debt which is recognized when due, and certain compensated absences and claims and judgements which are recognized when the obligations are expected
to be liquidated with expendable available financial resources.
15
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
1. Summary of SiLynificant Accounting Policies-con't.
Real and personal property taxes (excluding motor vehicle taxes), special assessments, charges for current services, and interest earnings are susceptible to
accrual. Other receipts and taxes become measurable and available when cash is received by the City and are recognized as revenue at that time. The City
recorded real and personal property taxes and assessments levied for the current year as revenue. Taxes and assessments receivable remaining unpaid at year-
end and not expected to be collected soon enough thereafter to be available to pay obligations of the current year were recorded as deferred revenue, with a
corresponding reduction in revenues, as required by generally accepted accounting principles. In addition, prior period delinquent taxes and assessments
collected in the current period were recorded as revenue in the current period as required by generally accepted accounting principles. Entitlements and shared
revenues are recorded at the time of receipt or earlier if the susceptible to accrual criteria are met. Expenditure driven grants are recognized as revenue when the
qualifying expenditures have been incurred and all other grant requirements have been met.
General Fund is the City's primary operating fund. It accounts for all financial resources except those required to be accounted for in other funds.
Special Revenue Funds used to account for the revenue sources that are legally restricted to expenditures for specific purposes.
Capital Project Funds used to account for financial resources for the acquisition or construction of capital facilities (other than those financed by proprietary
funds).
Debt Service Funds used to account for the accumulation of resources for, and payment of, general long term debt principal, interest and related costs.
PROPRIETARY FUNDS are accounted for on the flow of economic resources measurement focus and use the accrual basis of accounting. Under this method,
revenues are recorded when earned and expenses are recorded at the time liabilities are incurred. The City has elected not to apply FASB pronouncements
issued after November 30, 1989.
Enterprise Funds used to account for operations (a) that are financed and operated in a manner similar to private business enterprises - where the intent of the
governing body is that costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges;
or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital
maintenance, public policy, management control, accountability or other purposes.
Internal Service Funds account for the financing of goods or services provided by one department to other City departments on a cost reimbursement basis.
16
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
1. Summary of Significant Accounting Policies - con't.
FIDUCIARY FUNDS account for assets held by the government as an agent on behalf of others.
Trust and Agency Funds used to account for assets held by the City in a trustee capacity or as an agent for individuals, private organizations, other
governments and/or other funds. These may include (a) expendable trust funds, (b) non expendable trust funds, (c) pension trust funds and (d) agency funds.
FIXED ASSETS AND LONG-TERM LIABILITIES
General Fixed Assets Account Group used to account for the fixed assets of the City which are not accounted for in proprietary funds or in trust funds.
General Long -Term Debt Account Group used to account for all long term debt of the City except that accounted for in the proprietary or trust funds.
Budgets and Budgetary Accounting
An operating budget is adopted each fiscal year for the General Fund, Special Revenue Funds, Debt Service Funds and Capital Projects Funds on the modified
accrual basis. A non -binding management budget is adopted for the Enterprise and Internal Service Funds.
The final budget is legally enacted by the City Council, on the second Monday in August after holding public hearings as required by State statutes. The
operating budgets cannot be increased except by a public emergency which could not have been reasonably foreseen at the time of adoption of the budget.
Budget appropriation transfers may be made between general classifications of salaries and wages, maintenance and operation and capital outlay.
Encumbrances
All appropriations lapse at the end of fiscal year. The City has chosen not to use encumbrance accounting.
Fixed Assets
All purchased fixed assets are valued at cost where historical records are available and at estimated historical cost where no historical records exist. Donated
fixed assets are valued at their estimated fair market value on the date received. The costs of normal maintenance and repairs that do not add to the value of the
assets or extend asset lives are not capitalized. Improvements are capitalized and, in the proprietary funds, depreciated over the remaining useful lives of the
related assets.
General fixed assets are not capitalized in the funds used to acquire or construct them. Instead, capital acquisition and construction are reflected as expenditures
in governmental funds, and the related assets are reported in the general fixed assets account group. Assets in the general fixed assets account group are not
depreciated.
17
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
1. Summary of Significant Accounting Policies - con't.
Public domain or infrastructure fixed assets are excluded from the general fixed assets account group. Public domain or infra -structure assets include roads,
bridges, curbs and gutters, streets and sidewalks, drainage systems, lighting systems and similar assets that are immovable and of value only to the governmental
Fixed assets purchased or acquired by proprietary fund types are recorded in the individual fund making the purchase. Any fixed assets donated specifically for
an enterprise fund are also recorded in that individual fund. Depreciation has been provided for the property, plant and equipment of the proprietary funds using
the straight line method. The useful lives of these assets have been estimated as follows:
Buildings 20-50 years
Improvements Other than buildings 10-50 years
Machinery, vehicles and equipment 5-20 years
Water and Sewer lines, pump stations 10-50 years
Taxes and assessments
An allowance for uncollectible accounts was not maintained for real and personal property taxes and special assessments. The direct write-off method is used
for these accounts.
Enterprise Accounts Receivable
A reserve for estimated uncollectible accounts receivable is maintained for the Water Fund, Sewer Fund and the Ambulance Fund. The reserve balances are as
follows for June 30, 2000:
Water $ 4,845
Sewer $ 10,951
Ambulance $ 131,699
Inventories
Inventories for materials and supplies for governmental fund types are expended at the time of purchase. Enterprise Fund Inventory of materials and supplies are
valued at cost. Inventories are offset by a reserve of equity.
18
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
1. Summary of Significant Accounting Policies - con't.
Vacation and Sick Leave
Liabilities incurred because of unused vacation and sick leave accumulated by employees which are payable upon termination are included in the financial
statements. The liability for unused vacation and sick leave for governmental fund employees is recorded in the general long-term debt account group.
Expenditures for these liabilities are recognized when paid. The liability for unused leave for proprietary fund employees is recorded as a long-term liability in
the proprietary funds. The expenses were recorded when the liability was incurred as required by generally accepted accounting principles.
Long - Term Debt
Unmatured general long-term debt of the City, including special assessment debt for which the government is obligated in some manner, is recorded in a
separate, self balancing set of accounts, the General Long -Term Debt Account. Long-term debt of the proprietary funds, including enterprise related special
assessment debt, is reported as a liability in the specific fund making the debt service payments. For more information on the long-term debt of the City, see
Note 7.
Contributed Capital
Enterprise Fund contributions from grants, customers, special improvement districts and other outside sources restricted for capital acquisition or construction
are reported as contributed capital. Depreciation on assets acquired from contributions is reflected in the statement of revenue, expenses and changes in retained
earnings. The amount of depreciation applicable to assets acquired through contribution from grants, entitlement, and shared revenues is transferred to the related
contribution account instead of retained earnings.
Enterprise Fund resources received from grants, entitlement or shared revenues which may be used for operations are reported as non operating revenues.
Interfund Transactions
Interfund transactions consisting of identified services performed for other funds or costs billed to other funds are treated as expenditures in the fund receiving
the services and as revenue in the fund performing the services. Transactions which constitute reimbursements of a fund for expenditures or expenses initially
made from it which are properly applicable to another fund are recorded as expenditures in the reimbursing fund and as reductions of the expenditures in the
fund that is reimbursed. Advances between funds are accounted for in the appropriate interfund receivable and payable accounts.
Cash and Cash Equivalents
The City considers for the purposes of the statement of cash flows, all investments of the proprietary fund types, except for investments in sidewalk and curb
warrants to be cash equivalents.
19
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
1. Summary of Significant Accounting Policies - con't.
Total Columns on Combined Statements
Total columns on the Combined Statements are captioned Memorandum Only to indicate that they are presented only to facilitate financial analysis. Data in
these columns do not present financial position, results of operations or changes in financial position in conformity with generally accepted accounting
principles. Neither is such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of this data.
2. Property Taxes
The City's real estate property tax is levied on the assessed value listed as of January 1 for all real property located in the City. Assessed values are established
by the State Department of Revenue based on market value. A revaluation of all property is required to be completed on a periodic basis. Taxable value is
defined by State statute as a fixed percentage of market value.
The City is permitted by State statutes to levy taxes up to certain fixed limits fo urposes. The taxes levied by the City for the year ended June 30, 2000
were within legal limits. The tax levies were based upon a taxable value o' Taxes are due in two equal installments on November 30 and May 31
of each fiscal year. The tax billings are considered past due after the due dales are su ect to penalty and interest charges.
3. Deficit Fund Balances
The following Funds had deficit fund balances at June 30, 2000:
Special Revenue Funds:
-r Airport
' Airport Tif District
Istea
Debt Service Funds:
$ 576
50,532
1,784
X 1993 Sidewalk & Curb $ 383 19 9 a-1 %y , 7 V j -
-1 1995 Sidewalk & Curb $ 559
1996 Sidewalk & Curb $ 262
1997 Sidewalk & Curb $ 10
SID 337 $ 5,155 5io'�
Capital Project Funds:
4290 Sidewalk Construction $ 2,373 �i-Ljjj
The deficits in the Debt Service funds were caused by a short -fall in anticipated revenue and will be eliminated as delinquent assessments are collected.
Sidewalk construction will be reimbursed by homeowner or sale of warrants. Airport Tif district anticipates $98,000 revenue from developer which is due but
contested.
20
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
c�
4. Budget Variances
significant favorable budget to actual variances existed in the General Fund due to increased gaming revenue. An unfavorable variance in intergovernmental
Oil,
III i'lll„'' fevenue in special revenue funds related to the timing of the ISTEA grant. Budget was carried forward to the next fiscal year. Unfavorable revenue variance in
IVIVIVII�
Special Revenue fund for Airport Tif relates to a developer agreement —revenue classified as miscellaneous.
Favorable variances exist in the Tax Increment Capital Improvements and Public Works budgets in the Downtown Tax Increment Fund due to projects yet to be
completed. ISTEA funds were unexpended and carried over causing a positive variance, classified as capital outlay.
p P g P P Y
5. Cash in Treasury/Investments
Cash in Treasury may include cash and cash items; demand, time, savings and fiscal agent deposits; investments in the State Short-term Investment Pool
(S.T.I.P.); direct obligations of the United States Government; and repurchase agreements.
The composition of Cash in Treasury on June 30, 2000, was as follows:
Primary Gov't.
Component
Reporting Entity
Cash on hand
$ 56,816
$ 150
$ 56,966
Cash in Banks: demand deposits
133,557
44,878
178,435
time deposits
49,947
20,617
70,564
Bidders bonds
1,000
1,000
Bonds/Warrants
41,833
41,833
STIP
$ 13,690,714
$ 13,690,714
Total
$ 13,9 �867
$ 65 645
$_14 039,512
Deposits - at year end, the carrying amount of the City's deposits was $ 189,247. These deposits include demand and time deposits. Of the bank balances, all
were covered by Federal Depository Insurance or was covered by securities held by the pledging financial institutions trust department or agent in the City's
name. The $ 65,645 belonging to the Parking Commission, a component unit of the City, was completely covered by Federal Depository Insurance.
Montana statutes require that the City obtain securities for the uninsured portion of the deposits as follows: 1. Securities equal to 50% of such deposits if the
institution in which the deposits are made has a net worth to total assets ratio of 6% or more, or 2. Securities equal 100% of the uninsured deposits if the
institution in which the deposits are made has a net worth to total assets ratio of less than 6%. The amount of collateral held for the City deposits at June 30,
exceeded the amount required by State statutes. The City held no investments subject to risk categorization as of June 30, 2000.
21
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
5. Cash in Treasury/Investments- con't.
Governmental Accounting Standards Board (GASB) Technical Bulletin No. 94-1 requires disclosures about certain types of investments. As noted above, the
pity invests in the State Short -Term Investment Pool. The pool portfolio included approximately 40% of asset -backed securities and 28% of variable rate
securities as of June 30, 1998, based on unaudited financial statements provided by the Montana Board of Investments. The City's investment in STIP amounts
to less than 0.00982% of total STIP investments.
Asset backed Securities are collateralized by non -mortgage assets pledged by the insurer. Asset -backed securities have one or more forms of credit enhancement
to raise the quality of the security. Examples of credit enhancement include, but are not limited to, letter of credit, reserve fund, or senior/subordinate
arrangements.
Variable Rate (Floating-rate) Securities provide many advantages of short-term bonds because they are designed to minimize the investor's interest rate risk. As
with variable rate loans issued by banks, the interest rate paid by the issuer of these securities will usually remain at or near par because the interest rates are
reset to maintain a current market yield. STIP's floating rate securities float to either the 91 day US treasury bill or the London Interbank Offering Rate
(LIBOR), which is similar to the European federal funds rate.
Amounts invested by the City in STIP may be redeemed at any date at the carrying value on that date.
According to GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and External Investment Pools, STIP is considered an
external investment pool. STIP is also classified an a "2a7-like" pool. A 2a7-like pool is an external investment pool that is not registered with the Securities
and Exchange Commission (SEC) as an investment company, but has a policy that it will, and does, operate in a manner consistent with the SEC's Rule 2a7 of
the Investment Company Act of 1940. If certain conditions are met, 2a7-like pools are allowed to use amortized cost rather than fair value to report net assets to
compute unit values. The Board of Investments has adopted a policy to treat STIP as a 2a7-like pool.
Audited financial statements for the State of Montana's Board of Investments are available at 555 Fuller Ave. in Helena, Mt.
22
6. Property, Plant and Equipment
A summary of changes in general fixed assets follows:
July 1, 1999
Land $ 1,604,686
Buildings 7,166,034
Improvements other than buildings 3,257,141
Machinery & equipment 2,918,815
TOTAL $ 14.,946,676
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
Additions
Deletions
June 30, 2000
$ 270,430
$ (101,683)
$ 1,773,433
3,051,798
10,217,832
219,989
3,477,130
578,099
(145,263)
3,351,651
$ 4,129,316
$ (2461946)
$ 18,820 046
The City Council approved a new capitalization policy for fixed assets, Resolution #4452. The policy establishes a minimum cost of $2,000.00 and an expected
life of 5 years. Additions do not include capital outlay expenditures for public domain or infrastructure asset acquisitions. The new policy was implemented in
fiscal 1999.
Financial Accounting Standards Board (FASB) Statement No 34 C4pita1* tion of interest - requires that interest expenditures incurred during construction of
assets be capit4t
alized. sm
A summary of proprietary fund type property, plant, and equipment at June 30, 2000 follows:
Enterprise
Internal
Funds
Service
Land
$ 248,063
Machinery & equipment
1,619,431
$ 210,643
Construction in progress
220,134
Source of supply
347,709
Pumping plant
1,431,656
Treatment plant
14,579,942
Transmission & distribution
17,132,155
General plant/buildings
1,536,196
Storm sewer system
4,107,913
Total
$ 41,223,199
$ 210,643
Less Accum. Depreciation
(15,406,834)
(145,063)
Net
$ _ 25,816.,365 _
$___ 65,580
Component unit
Parking Comm.
37,107
$ 37,107
(20,736)
16 371
O
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
7. Long-term Debt
The following is a summary of long term debt transactions of the City for the fiscal year ended June 30, 2000.
Balance Balance
July 1, 1999 Additions Reductions June 30, 2000
1) G.O. Bonds
$ 55,000
$ (55,000)
$ 0
(2) Revenue Bonds
V(
3,785,000
(270,000)
3,515,000
2) SRF Loan-WWTP
2,952,000
( 169,000)
2,783,000
(1) Assessments
288,080 1,769
(26,946)
262,903
(1) Urban Renewal Bonds
655,000
(200,000)
455,000
$ 9,543,969 $ 2,512,518
$ (719,243)
$11,337,244
(1) Long-term debt account group (2) Reported in enterprise fund (3) Reported in internal service fund (4) Reported on Proprietary Component Unit
Bonded debt:
Bonded Debt at June 30, 2000 are comprised of the following individual issues:
2. Revenue Bonds:
Revenue bonds are directly related to and expected to be paid from the Proprietary Fund.
Issue
Interest
Term of
Final
Bonds
Outstanding
Annual
Purpose
Date
Rate
Bonds
Maturity
issued
June 30, 2000
Pymt.
1996 Water Bonds
6/96
5.5%
15yrs
2011
$1 060 000
$ 855,000
varies
1991 WWTP-refunding
4/91
7.18%
20yrs
2011
$2,815,000
$ 1,975,000
varies
1997 Sewer -refunding
5/97
5.08%
9yrs
2006
$ 925,000
$ 685,000
varies
Total Revenue Bonds5
15,_000
3,515 000
24
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
1111M iGZI>f6IlIlIl7
7..Long-term Debt-con't
3. Tax Increment Urban Renewal Bonds:
In December, 1985, the City issued $2,100,000 in Tax Increment Urban Renewal Bonds pursuant to Title 7, Chapter 15, Parts 42 and 43 MA and pursuant to the
Bond Resolution adopted by the Kalispell City Council. These Series 1985 Bonds are considered to be special obligations of the City payable solely from tax
increment generated by the area. The City has irrevocably pledged and appropriated the tax increment to the payment of the Series 1985 Bonds which have a
first lien on all tax increment revenue generated by the area. The series 1985 Bonds do not constitute a general obligation of the City or pledge the ad valorem
taxing power of the City. Although the long-term liability created by the issuance of the bonds is considered a fund -specific liability, it is reported as a liability
in the general long-term debt group as required by generally accepted accounting principles. At June 30, 2000 there was $2,092,314 available in the Tax
Increment Special Revenue Fund to service these bonds.
Issue
Interest
Term of
Final
Bonds
Outstanding
Annual
Purpose Date
Rate
Bonds
Maturi
Issued
June 30, 2000
Pymt.
Tax Increment 12/85
6.25-9.5%
16 yrs
7/01/02
$2,100 000
varies 14, "t
State Revolving Fund
In November 1991, the City entered into an agreement with the State Revolving Fund (SRF) to borrow funds to partially finance the construction of a
wastewater treatment plant facility. This obligation is to be repaid from the operating income of the Sewer Fund.
Interest Amount Outstanding
Rate Term Borrowed June 30 2000
SRF Loan 4% 20 yrs. $ 3 913-,425 _ _
F11
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
7. Long-term Debt-con't
4. Special Assessment Bonds:
Issue
Interest
Term of
Final
Bonds
Outstanding
Annual
Purpose
Date
Rate
Bonds
Maturity
Issued
June 30, 2000
Pymt.
SID 337-sewer
12/01/86
7.74 %
15 yrs.
2002
$ 110,000
$ 20,000
varies
SID 341-sewer
09/01/95
6.06 %
15 yrs.
2011
100,000
65,000
varies
SID 342 -sewer
11/01/95
6.34 %
15 yrs.
2011
209,000
135,000
varies
1992 Walk & Curb
01/02/93
7.0 %
8 yrs.
2001
9,103
3,000
varies
1993 Walk & Curb
01/04/94
6.0 %
8 yrs.
2002
5,112
730
varies
1994 Walk & Curb
12/31/86
8.5 %
8 yrs.
2003
28,513
10,500
varies
1995 Walk & Curb
01/02/96
8.5 %
8 yrs.
2004
22,823
11,408
varies
1996 Walk & Curb
01/02/97
8.5%
8 yrs.
2005
12,148
7,591
varies
1997 Walk & Curb
10/01/98
8.0%
8 yrs.
2006
8,572
6,430
varies
1998 Walk & Curb
01/01/99
7.75%
8 yrs.
2007
1,687
1,475
varies
1999 Walk & Curb
01/01/00
8.50%
8 yrs
2008
1,769
1,769
varies
Total Special Assessment Bonds
$ 5.10,318
$ 262,903
Special assessment bonds are secured by a lien on the assessed properties. The primary source of repayment is the assessments levied against the benefiting
properties. However, the City is liable, to an extent, for repayment of these special assessment bonds. The City is authorized by State law to establish and has
established a revolving fund to ensure the payment of debt service on the bonds in the event that assessed property owners default.
Loans/Contracted Debt:
Origination Interest Due Principal Outstanding
Purpose Date Rate Term Date Amount June 30, 2000
General Long Term Debt Group of Accounts:
Board of Housing 3/01/95 6% 30yr 2/01/25 $ 271,000 $250,711
The Board of Housing loan is paid from the proceeds of the rents on the Courtyard Apartments per the agreement with NW Montana Human Resources.
Board of Investment loan 3/19/1999 5.6% 3 yrs
Board of Investment loan 2/25/2000 5.6% 7 yrs
Board of Investment loan 2/15/2000 5.6% 5 yrs
Board of Investment loan3/8/2000 varies 10 yrs
2/15/2002 $ 26,282 $ 18,613 Snow blower
2/15/2007 $ 122,382 122,382 Road Grader
2/15/2005 $ 87,603 87,603 Fire Truck
7/01/2010 $ 2,500,000 $2,500,000 Stream Project
KI
7. Long-term Debt-con't
4. Special Assessment Bonds:
Issue
Purpose
Date
SID 337-sewer
12/01/86
SID 341-sewer
09/01/95
SID 342 -sewer
11/01/95
1992 Walk & Curb
01/02/93
1993 Walk & Curb
01/04/94
1994 Walk & Curb
12/31/86
1995 Walk & Curb
01/02/96
1996 Walk & Curb
01/02/97
1997 Walk & Curb
10/01/98
1998 Walk & Curb
01/01/99
1999 Walk & Curb
01/01/00
Total Special Assessment Bonds
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
Interest
Term of
Final
Bonds
Outstanding
Annual
Rate
Bonds
Maturity
Issued
June 30, 2000
Pymt.
7.74 %
15 yrs.
2002
$ 110,000
$ 20,000
varies
6.06 %
15 yrs.
2011
100,000
65,000
varies
6.34 %
15 yrs.
2011
209,000
135,000
varies
7.0 %
8 yrs.
2001
9,103
3,000
varies
6.0 %
8 yrs.
2002
5,112
730
varies
8.5 %
8 yrs.
2003
28,513
10,500
varies
8.5 %
8 yrs.
2004
22,823
11,408
varies
8.5%
8 yrs.
2005
12,148
7,591
varies
8.0%
8 yrs.
2006
8,572
6,430
varies
7.75%
8 yrs.
2007
1,687
1,475
varies
8.50%
8 yrs
2008
1,769
1,769
varies
$ 510JI8
$ 262,903
Special assessment bonds are secured by a lien on the assessed properties. The primary source of repayment is the assessments levied against the benefiting
properties. However, the City is liable, to an extent, for repayment of these special assessment bonds. The City is authorized by State law to establish and has
established a revolving fund to ensure the payment of debt service on the bonds in the event that assessed property owners default.
Loans/Contracted Debt:
Origination Interest Due Principal Outstanding
Purpose Date Rate Term Date Amount June 30, 2000
General Long Term Debt Group of Accounts:
Board of Housing 3/01/95 6% 30yr 2/01/25 $ 271,000 $250,711
The Board of Housing loan is paid from the proceeds of the rents on the Courtyard Apartments per the agreement with NW Montana Human Resources.
Board of Investment loan 3/19/1999 5.6%
Board of Investment loan 2/25/2000 5.6%
Board of Investment loan 2/15/2000 5.6%
Board of Investment loan3/8/2000 varies
3 yrs
2/15/2002 $ 26,282
$ 18,613 Snow blower
7 yrs
2/15/2007 $ 122,382
$ 122,382 Road Grader
5 yrs
2/15/2005 $ 87,603
$ 87,603 Fire Truck
10 yrs
7/01/2010 $ 2,500,000
$2,500,000 Stream Project
27
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
7. Long-term Debt-con't.
The Board of Investments loan for the Stream Project has interest rates dependent on the creation of jobs. Stream International, Inc. is a computer
support center anticipating creating over 500 new jobs for the Kalispell area. The Loan of $2,500,000 to the City is for the purchase of 60,000 sq. ft
of the old Gateway West Mall. The area is being rehabilitated as part of a Westside Urban Renewal District (TIF) project The Stream organization is
leasing the property back. Extensive enhancements were provided to entice this company to come to Kalispell. The County Port Authority has also
committed $125,000 per year toward the debt service. This loan has a first lien on the Tax Increment of the District. The Port will be
managing the physical property.
Compensated Absences Payable
Compensated absences payable, which represent vacation, sick leave and compensatory time earned by employees which is payable upon termination, were as
follows:
Enterprise Funds $ 146,183 Parking Commission $ 1,222
General Long Term Debt Group of Accounts $ 818,582
uirements to amortize debt
annual requirements to amortize all long-term debt outstanding, except compensated absences payable, as of June 30, 2000, including interest
ments are as follows:
Year
Urban
Ending
STREAM
SID
SID
Revenue
Renewal
S
7e 30, 2000
Bonds
Bonds
Warrants
Bonds
B�s
an
Totals
2001
339,350
43,622
15,468
504,960
258,225
285,580
1,447,205
2002
339,350
41,718
12,222
503,460
282,800
284,480
1,464,030
2003
339,350 i
29,792
10,696
501,330
285,120
1,166,288
2004
339,350
33,598
6,573
502,790
285,440
1,167,751
2005
339,350
32,100
3,358
507,735
285,440
1,167,983
2006-2010
1,696,748
101,180
2,3
1,998,900
1,424,640
5,223,829
2011-2015
`
373,825
712,860
1,086,685
Total
L3 393 498
$ 282�0 __
�50 678
$�893,00.0
$ 541.0253
563.560
$ 12 723 771
28
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
8. State -Wide Retirement Plans
Substantially all full-time City employees are eligible for one of three retirement plans: Montana Public Employees' Retirement System(PERS); Municipal
Police Officer's Retirement System(MPORS): and the Firefighters' Unified Retirement System(FURS). The plans are established by State law and administered
by the State of Montana. The plans are cost -sharing multiple -employer defined benefit plans that provide retirement, disability and death benefits to plan
members and beneficiaries. The City had a total payroll *NNW, or FY00, of which $4,499,736 is covered by PERS, MPORS, or FURS. Component Unit
payroll was $45,094 for the Parking Commission.
Contribution rates for the plans are required and determined by State law. The contribution rates, expressed as a percentage of covered payroll for the fiscal year
ended June 30, 2000, were:
PERS MPORS FURS
Employee 6.9% 11% 9.5 %- 10.7%
Employer 6.8% 14.41% 14.36%
The Retirement System issues a publicly available financial report that includes financial statements and required supplementary information for all three plans.
That report may be obtained by writing to Public Employees Retirement Division, P. O. Box 200131, Helena, Mt.58620-0131 or by calling 1-406-444-3154.
The City's contributions for the years ending June 30, 1998, 1999, and 2000, as listed below, were equal to the required contributions for each year.
PERS MPORS FURS Component unit PERS
1998 $ 158,377 $ 135,930 $ 112,195 $ 3,990
1999 757 $ 141,716
9. Post Employment Health Insurance Benefits
Terminated employees may remain on the City's health insurance plan for up to 18 months if they pay the monthly premiums. This benefit is required under
federal C.O.B.R.A. law. Retirees may remain on the City's health plan as long as they wish, provided they pay the monthly premiums. State law requires the
City to provide this benefit. No cost can be estimated for the above benefits, although there is the probability that there are higher medical costs for retirees that
would result in additional costs to the insurance program. There are no other post -employment benefits provided by the City.
29
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
10. Amounts due to and from other Funds/Advances
Amounts due to and from other funds consist of the following:
Advance from General Fund $40,000
Advance from UDAG $75,00.0
Due from: Capital Projects:
JUNE 30, 2000
Advance to Airport TIF $40,000
Advance to Westside TIF $75,000
Due from: Sidewalk Construction
$2,373
Due to: General Fund
4188 Stream Construction
$ 500,000
Due to: UDAG Special Revenue
(note: Stream Construction interim
financing —CDBG
grant due)
Due From: Debt Service
Due to:
SID Revolving Fund
1992 S&C Fund
83
1993 S&C Fund
544
1994 S&C Fund
63
1995 S&C Fund
586
1996 S&C Fund
305
1997 S&C Fund
75
SID 337
6,664
SID & S&C total
$_ 8,320
11. Amounts due from other Governments/Entities
Due from County: for May tax collections
$_.816,201
General Fund
219,414
Comprehensive Insurance
30,239
Retirement Fund
42,903
Health Insurance Fund
55,132
Tax Increment Fund
276,523
Decorative Lights
707
Street Maint. Fund
30,716
Tax Increment Airport
Tax Increment Westside
Light Maint. Fund
SID Funds
G.O. Bond Fund
Solid Waste
Storm Sewer Maint.
$2,373
$ 500,000
$_ 8„ 320
11,289
59,041
5,279
4,471
4,972
42,638
32,877
30
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
11. Amounts due from other Governments/Entities —con't.
Due from other Governments:
$ 570 1.44 Due from other Entities: $ 22.213
County -Drug Enforcement Grant
10,568 Due from other funding -Samaritan 16,547
State- for ISTEA
6,929 Due from Pacific Power 5,666
State — Gas Tax
24,794
Justice -Resource Officer Grant
12,134
Justice -Universal Grant
12,500
MDOT-Law Enforcement Grant
3,219
CDBG
500,000
12. Restricted Cash/Investments
The following Restricted Cash/Investments were held as of June 30, 2000:
Special Revenue Funds
Enterprise Funds
Community Development -Rehab Int. Subsidy $ 2,464
Water - Sinking & Interest
$ 2,800
Community Development - Courtyard Reserve
21,496
- Bond Reserve
106,000
Tax Increment 2180 - Bond Reserve
123,046
- Replacement
780,837
Tax Increment 2188- Mall Bldg Reserve
5,000
Sewer - Operating Reserve
106,500
Special Revenue Funds Total $_
152L0_0.6
- Replacement
2,541,792
- Sinking & Interest
918
Debt Service Funds
- Contingency
686,437
SID 341 $
5,000
- Capital Improvement
1,106,907
SID 342 $
10,450
- Storm Sewer
694,794
_15 4_50 Ambulance - Replacement -designation 103,430
Garbage - Replacement -designation 234,055
Enterprise Total % 643470
Agency Funds
Bidders Bonds 12000
Internal Service Fund
Data Processing _$51.339
replacement designation
31
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
13. Fund Equity
Reserves and/or Designations of the City at June 30, 2000 consisted of:
Special Revenue Funds:
Tax Increment - Reserve for Bond Contingency $ 123,046
Tax Increment — Mall Bldg Reserve 5,000
Community Development - Interest Subsidy 2,464
Community Development - Courtyard Reserve 21,496
Special Revenue Funds Total $ 152,006
Debt Service:
Reserve for Bond Contingency
$ ,__15,450
14. Changes in Contributed Capital
A schedule of changes in contributed capital is presented below:
WATER
Contributed Capital 7/1/99 $3,318,763
Add:
Contributions 72,528
Depreciation on assets acquired by grants/contributions $ 97,289
Total Contributed Capital 6/30/2000 $ 3,_294,002
Enterprise Funds:
Water - Reserve for Revenue Bond $
106,000
- Reserve for Sinking & Interest
2,800
- Reserve for Replacement
780,837
- Reserve for Inventory supplies
102,549
Sewer - Reserve for Operations $
106,500
- Reserve for Replacement -Sanitary
1,094,271
- Reserve for Revenue Bond
686,437
- Reserve for Sinking & Interest
918
- Reserve for Capital Improv/WWTP
1,106,907
- Reserve for Replacement/WWTP
1,447,521
- Reserve for Storm Sewer
694,794
Ambulance - Designated for Replacement $
103,430
Garbage - Designated for Replacement $
234,055
Enterprise Funds Total $ 6,467,019
SEWER DATA PROC. TOTAL
$ 10,185,992 $ 12,836 $ 13,517,591
543,360 615,888
$ 563,671 $ 12,292 $ 673,252
$_ 10,165,681 $ __544 $ 13,460,227
15. Prior Period Adjustments
During the current fiscal year, adjustments relating to prior year transactions were made to the following funds:
Fund Amount Reason for Adjustment
Water ($1,500) correct hookup revenue due to Village Greens Sewer
Sewer Fund ($3,000) correct hookup revenue due to Village Greens Sewer
Parking Commission (35,920) uncollectable accounts receivable (Component Unit)
32
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
16. Residual Equity Transfers
Residual Equity transfers are made to transfer the remaining equity balance of a discontinued fund to another fund.
Fund making Transfer Fund receiving Transfer Amount Fund types and total net transfers:
SID Revolving SID Revolving 110 (1) Debt Service 0
1990 S & C SID Revolving (327)
1991 S & C SID Revolving 217
An Equity transfer of $522,435 & $12,348 from the Tax Increment Special Revenue funds is recorded in the Enterprise funds as Contributed capital
for the assets constructed with Urban Renewal funds.
17. Segment Information for Enterprise Funds
The City maintains four Enterprise Funds which provide water, sewer, garbage and ambulance services. Segment information for 6/30/00 was as follows:
WATER
SEWER
AMBULANCE
GARBAGE
TOTAL
Operating Revenue $
991,168
$ 2,445,169
$ 660,707
$ 433,580
$ 4,530,624
Depreciation expense
249,825
1,145,436
34,378
67,735
1,497,374
Operating Income (loss)
48,567
66,679
(27,836)
(4,768)
82,642
Current Capital:
Contributions
72,528
543,360
0
0
615,888
Plant, Property & Equip:
Additions
232,008
822,313
9,317
193,863
1,608,193
Deletions
23,393
0
18,817
0
121,781
Net Increase in Cash & Cash
Equivalents
213,019
968,423
102,849
59,003
1,343,294
Total Assets
9,202,721
24,030,729
439,998
1,032,895
34,700,343
Long-term Liabilities:
Payable from Operating Revenues
967,746
5,741,300
43,629
186,682
6,939,357
Total Equity $__
8.234,975
289 429
$ -
_, 846,213
$ 2.7 760,986
[V
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
18. County Provided Services
The City of Kalispell is provided various financial services by Flathead County. The County serves as cashier and treasurer for the City for tax assessment collections
and other revenues received by the County which are subject to distribution to the various taxing jurisdictions located in the County. The collections made by the
County on behalf of the City are accounted for in an agency fund in the City's name and are periodically remitted to the City by the County Treasurer. The County
charges the City for fees associated with City Special Assessments.
19. Joint Ventures
Joint ventures are independently constituted entities generally created by two or more governments for a specific purpose.
City -County Health Department - is operated under an interlocal agreement between Flathead County and The City of Kalispell. The Department operates under the
supervision and control of the City -County Health Board. The Board consists of seven members, six of whom are appointed by the Board of County Commissioners.
The County taxed the property owners directly for the City's contribution for the fiscal year ended June 30, 2000 at an equivalent rate of mills.
County -wide Administrative Board
The City of Kalispell along with Flathead County, the City of Columbia Falls, and the City of Whitefish, participate in a County -wide Administrative Board (CAB) that
was established by an interlocal agreement in December, 1979. The CAB was formed for the purpose of coordinating all land use planning, subdivision reviews and
approval, and zoning application and enforcement in Flathead County, as well as to assist in annexation by the cities. The Board consists of four members, the Mayor
of each of the three cities and the Chairman of the Flathead County Board of County C issioners. The CAB is financed by a tax levied by each of the parties of the
interlocal agreement in the proportion to the expected benefits that each party shah„ c i during the ensuing fiscal year. The financial activities of the CAB are
accounted for by Flathead County. The City's contribution for CAB for FY00 w s" p
Courtyard Apartments/Northwest Montana Human Resources
The City entered into an agreement with Northwest Montana Human Resources for a joint venture construction project of the Courtyard Apartments. The City owns 16
units of the apartment complex built with Home Grant and CDGB funds. NWMHR has built 16 units also. The agreement provides for the management of the housing .
complex for low income housing . All operations and maintenance of the housing complex are managed by Northwest Montana Human Resource
maintains a trust fund in the City's name to record the revenues and expenses of the housing complex. As of June 30, 2000 the equity in the fund wa 1 `- he
debt payments on the mortgage are paid from the proceeds of the rents by NWMHR. The principal balance is recorded on the City's books in the Long- erm Debt
Group of Accounts.
\ �
The original amount of the loan was $271,000. The balance as of June 30, 2000 is $250,711.
34
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
DUNE 30, 2000
20. Risk Management
The City faces a considerable number of risks of loss, including a) damage to and loss of property and contents, b) employee torts, c) professional liability, i.e., errors
and omissions, d) environmental damage, e) workers' compensation, i.e. employee injuries, and f) medical insurance costs of employees. A variety of methods are
used to provide insurance for these risks. Commercial policies, transferring all risks of loss, except for relatively small deductible amounts are purchased for property
and content damage and professional liabilities. The City participates in two statewide public risk pools operated by the Montana Municipal Insurance Authority, for
workers' compensation and for tort liability coverage. Employee medical insurance is provided through a privately administered, self -insured plan. Given the lack of
coverage available, the City has no coverage for potential losses from environmental damages.
Effective July 1, 1987 The City of Kalispell joined with other Montana cities to form the Montana Municipal Insurance Authority, a self-insurance pool offering
Worker's Compensation and Liability Coverage. Both public entity risk pools currently operate as common risk management and insurance programs for the member
governments. The liability limits for damages in tort action are $750,000 per claim and $1.5 million per occurrence with a $7,500 deductible per occurrence. State tort
law limits the City's liability to $1.5 million. The city pays an annual premium for its employee injury insurance coverage, which is allocated to the employer funds
based on total salaries and wages. The agreements for formation of the pools provide that they will be self-sustaining through member premiums. The tort liability
plan and workers' compensation program issued bonds in the amount of $4.41 million and $7.610 million, respectively, to immediately finance the necessary insurance
reserves. All members signed a contingent note for a pro rata share of this liability in case operating revenue was insufficient to cover the debt service. The City's
share is $201,445 for liability and $281,715 for Workers' Compensation to finance the necessary insurance reserves. Based on the plan's current financial position, the
City doesn't expect to make any payment on these notes.
Separate financial statements are available from the Montana Municipal Insurance Authority.
21. Health Insurance
In October 1993, The City established an internal service fund for the City's self -insured health insurance plan. The plan is administered by Blue Cross/Blue Shield of
Montana. The City pays premiums recommended by Blue Cross into the City Health Fund. The claims are submitted weekly by Blue Cross and paid out of this fund.
The City pays the total monthly premium for all full-time employees and their dependents. Vision is optional and paid by the employee. The plan pays 80% of the
medical claims after the $100 deductible for each employee and covered dependent has been satisfied, up to a total of $200 maximum family deductible. Generic
prescription drugs are 100% covered. Dental claims are paid 100% if the dentist is a participating Blue Cross dentist, otherwise 80% of the claims are paid. A "stop -
loss" policy has been purchased to cover any claims that exceed $75,000 per individual or aggregate claims of 115% of claims projected by Blue Cross. No individual
reached the stop loss amount nor did the City total reach the projected amount.
35
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
22. Pending Litigation
The following is a list of litigation pending against the City and the amount of damages claimed by the Plaintiff. The City Attorney has made no evaluation as to the
outcome of each case. The City has liability insurance that may cover all or part of the damages. Accordingly, no provision has been made in the financial statements
for these contingent liabilities.
Damages requested
Potential of Loss Status
Grey vs. City of Kalispell
$ 50,000
unknown 9" Circuit appeal
Broad vs. City of Kalispell
not stated
remote
NuPac vs. City of Kalispell
$70,000
remote
KPA vs. City of Kalispell
$40,000
possible
Storli vs. City of Kalispell
$1,000,000
remote
Squires vs. City of Kalispell
not stated
possible Human Rights Commission
Cervantes vs. City of Kalispell
not stated
remote 9" Circuit appeal
23. Loans Receivable
Tax Increment Fund Loan to the 2nd Avenue West Professional Building, a partnership, in the amount of $67,000 dated Dec. 30, 1985. Interest will accrue at the rate
of 5% for the first 5 years. For years 6 through 15 the interest rate will accrue at the rate paid on U.S. Treasury Bills as of the 15th day of January of the year in which
said payments are due. The loan is authorized pursuant to Title 7, Chapter 15, Parts 42 and 43, MCA and an ordinance #933 enacted by the City of Kalispell creating
the Kalispell Downtown Redevelopment Plan. The City is authorized to eliminate and prevent the spread of blight by encouraging the redevelopment of land by
private enterprise. The loan is for the acquisition of real property for development as a parking lot.
Original Loan amount $ 67,000
June 30, 2000 balance $ 3,643
March 1, 1999 the City entered into a loan with the Center Street Plaza. $70,529. The term of the loan is 15 years at a rate of 3%.
Original Loan amount $ 70,529
June 30, 2000 balance $ 65,778
The City entered into a community development program, which includes funding from a community development block grant, to make available to eligible applicants
(low -to -moderate income residents), a loan for at least one-half of the required rehabilitation cost. These funds from the City, together with loans from the First Federal
Savings Bank (now Glacier Bank) of Montana, the lender, must provide the total funds required for the purchase and rehabilitation of the housing unit. At the time the
bank loans are closed with the borrower, the proceeds of the City's loan will be deposited into the borrower's construction account at First Federal. The City's loan is
secured by the property, and filed in a third lien position. Repayment of the City loan will not begin until 30 days after the Lender's loan (second lien) for construction
of the unit has been paid off. The City's loan is interest free until such time as repayment begins. The maximum amount of a private lender loan cannot exceed $20,000
per property with a ten-year pay back.
36
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
23. Loans Receivable-con't.
In addition, when an owner -occupant is unable to afford a private lender loan at the pre -determined interest rate agreed to by the City and lender, he or she may qualify
for City financing. The City may provide a direct loan of up to $25,000 with a varying interest rate (as low as zero percent) or with a longer amortization period
(maximum of fifteen years) or a deferred loan to be repaid simultaneously, at a later date, with a balloon payment, or to be released at the end of ten years.
The City has $ 193,720 recorded as loans receivable as of June 30, 2000 in the Community Development Loan Revolving Fund. Housing loans leveraged with Tax
Increment Funds are recorded in the Tax Increment Fund in the amount of $ 36,900. The above mentioned loans are offset with deferred revenue accounts.
Uncollected taxes receivables in governmental funds are offset with deferred revenue accounts as explained in the "basis of accounting".
The City entered into a 20 year redevelopment loan at 5% with Big Sky Manor using UDAG funds in August 1999.
Original Loan amount $ 124,000
June 30, 2000 balance $ 121,230
The City entered into a 20 year redevelopment loan @ 6% with United Way in January 2000.
Original Loan amount $ 133,500
June 30, 2000 balance $ 132,041
On March 8, 2000, the City entered into a 10 year loan with Stream, Inc. at 11.5% as part of the package to bring Stream Jobs to Kalispell.
The interest earnings are to be split with 5.6% committed to the debt service fund to pay off the Stream Bonds. The remaining 5.9% interest and the principal will be
returned to the UDAG fund.
Original Loan amount $ 1,000,000
June 30, 2000 balance $ 1,000,000
Contracts receivable for the City Court have b e boo ed as an asset on the balance sheet of the General Fund. The contracts are offset with deferred revenue
as required by GAAP accounting. The estimat collectible receivable is $19 5481'
-7
M
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
25. Sewer Revenue Bond cash flow requirements
Rates and charges will be made and kept sufficient to provide gross income and revenues adequate to pay promptly the reasonable and current expenses of operating
and maintaining the system and to produce in each fiscal year net revenues in excess of such current expenses, equal to 125% of the maximum amount of principal and
interest payable from the Revenue Bond Account in any subsequent fiscal year.
Cash Flow Coveraee
Sewer Service Charges
$
2,190,148
Storm Sewer Assessments
255,021
Total Operating Revenue
$
2,445,169
Less: Operating Expense (before Depreciation)
1,233,054
Available for Debt Service
$
1,212,115
Maximum Debt Service
$
686,438
Coverage
177%
Reserve for Operating Expenses is maintained equal to 1/12 of the annual cost of operations. Operating expenses for FY00 were $1,233,054.
$1,233,054 divided by 12 = $102,755. The Sewer operating Reserve balance is $106,500.
Additionally, the Evergreen agreement requires $302,727 annually be placed in a replacement reserve. Considering this requirement the actual
Bond coverage is 133%.
26. Wastewater Treatment Plant agreement with Evergreen
The City of Kalispell entered into an Interlocal Agreement with the Evergreen Sewer District #1 for treatment of sewage from the district at the City's plant. The
Evergreen district sewer went into operation in July 1994. The City bills Evergreen monthly for debt service at 22% of the principle and interest due for the plant. The
City also bills for maintenance and operation and replacement costs per the agreement based on metered flows. Evergreen Sewer District has an equity interest in the
replacement account carried on the City's books. The balance of the account as of June 30, 2000 is $1,447,521 of which Evergreen' s interest is $304,130. The City of
Kalispell has sole responsibility for the use of these funds.
38
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
27. Water Bond Cash Flows
Rates and charges will be made and kept sufficient to provide gross income and revenues adequate to pay promptly the reasonable and current expenses of operating
and maintaining the system and to produce in each fiscal year net revenues in excess of such current expenses, equal to 125% of the maximum amount of principal and
interest payable from the Revenue Bond Account in any subsequent fiscal year. The debt service reserve account contains $108,524.
Cash Flow Coverage
Water Service Charges
$ 968,960
Miscellaneous revenue
$ 22,208
Total Operating Revenue
$ 991,168
Less: Operating Expense (before Depreciation)
$ 92 776
Available for Debt Service
98,398
Maximum Debt Service
Ili }t
Coverage
28. Component unit -Kalispell Parking Commission
The Kalispell City Council passed Resolution 4103, a Resolution of intention to create Special Parking District #2 on June 21, 1993. Also passed was Resolution 4104,
a resolution of intention to provide for funding the cost of maintaining, operating, repairing, and improving Special Parking Maintenance District #2 and Resolution
4105, a Resolution declaring the need for a Parking Commission to function in the City of Kalispell and declaring a jurisdictional area wherein said Parking
Commission is authorized to function. The Mayor and City Council appointed the Board of Directors composed of City residents who operate businesses within the
district. It is the intention of the City of Kalispell that the downtown business community manages the parking for the downtown district. The Parking Commission
opened their doors on February 1st 1994. The City transferred $53,000 in Fiscal 1994 to the district as start up money, no further City funds have been given to the
district. It is intended that the Parking Commission be operated as an Proprietary type fund and has been classified as such in the City's financial statements.
39
III. Financial Statements - by Fund type
C. Individual Statement - by Fund type
1. General Fund
a. Balance Sheet
b. Statement of Revenues, Expenditures
and Changes in Fund Balance
40
ASSETS:
loloo
Cash Investments -unrestricted $
10200
Petty Cash $
Total Cash/investments $
Receivables:
11300
Taxes receivable - real estate $
11500
Taxes receivable - personal property $
11600
Taxes receivable - protested $
11810
Weed cutting assessment $
12750
City Court tines receivable $
13100
Due from other Funds $
13385
Advance to Airport $
Total receivables $
1320o Due from other County $
TOTAL ASSETS
CITY OF KALISPELL
GENERAL FUND
BALANCESHEET
JUNE 30, 2000
754,652
875
755,527
128,321
63,139
857
290
194,481
2,373
40,000
LIABILITIES AND FUND EQUITY
LIABILITIES:
20210
Accounts Payable
$
78,534
20620
Payroll Payable
$
31,334
22310
Deferred revenue - real
$
128,321
2232o
Deferred revenue - personal
$
63,139
22310
Deferred revenue - protested
$
857
2230o
Deferred revenue
$
194,771
Total deferred revenue
$
387,088
TOTAL LIABILITIES
$
496,956
429,461 FUND EQUITY:
27100 Fund Balance $ 907,446
219,414 TOTAL FUND EQUITY $ 907,446
$ 1,404,402 TOTAL LIABILITIES & FUND BALANCE $ 1,404,402
41
CITY OF KALISPELL
GENERAL FUND
.TUNE 30, 2000
BUDGET
REVENUES:
ACTUAL
AFTERTRANSFERS
Account
311100
Real property taxes
$
1,401,138
$
1,404,860
311200
Personal property taxes
$
90,853
$
79,139
312000
Pentint. on del. taxes
$
8,221
$
6,500
314000
Light vehicle tax
$
128,227
$
116,559
TOTAL TAXES
T01
$
1,628,440
$
1,607,058
321010
M.V. plate fees
T24
$
58,808
$
56,697
321030
Title reg fee
T24
$
3,212
$
3,338
321005
Flat fees
T24
$
12,491
$
12,100
322101
Alcohol bev licenses
T99
$
20,865
$
21,823
322300
Business licenses
T99
$
1,915
$
2,137
322500
Amusement Lisc.
$
550
$
650
323100
Building & Zoning fees
T99
$
34,847
$
27,450
323300
Animal licenses
T99
$
1,232
$
880
323800
Bicycle licenses
T99
$
2
$
20
TOTAL LICENSES/PERNHTS
$
1 33,920
$
125,095
STATE SHARED REVENUES:
334015
Highway Traffic Safety
$
16,813
$
11,000
331156
DUI Task Force Reimb.
$
10,400
$
10,400
331162
Imlepeml. Living Grant
$
4,000
$
0
333040
PILT-Flathead Elec. Coop.
$
12,009
$
0
335010
Liquor tax apport.
C89
$
86,306
$
74,733
335015
Wine tax apport.
C89
$
2,782
$
2,576
335020
Beer tax apport.
C89
$
72,471
$
70,849
335030
M.V. tax -Ad valorem
C30
$
3,131
$
3,461
334055
Corp license tax
C30
$
26,432
$
68,602
334016
Justice -Law Enforce
C30
$
4,210
$
4,210
335075
Video Mach. Appor.
$
1,064,777
$
950,000
335076
State Gaining Lie App
C89
$
47,300
$
4.5,025
335077
Live Keno & Bingo
$
1,048
$
727
335110
Live card game permits
C30
$
2,500
$
1,000
335200
Pers. Prop. Reimbursements
C30
$
72,706
$
73,717
TOTAL INTERGOVERNMENTAL
$
1,426,886
$
1,316,300
42
STATEMENT OF REVENUES, E<X'PENDITURES
AND CHANGES IN FUND BALANCE
BUDGET
ACTUAL AFTER TRANSFER
Account
CHARGE FOR SERVICES:
341010
Sale of pub., maps
$
3,340
$
500
341020
Admin charges
A89
$
513,932
$
517,624
341025
City collections
$
1,277
$
0
341041
Fees from I.R Bond
$
17,275
$
17,570
341080
Board of AdJustrnent fees
$
52.5
$
1,000
342010
Police services
$
7,985
$
7,000
Public works charges
A89
343005
Central garage charge
$
116,157
$
116,000
343012
Public works charges
$
3,448
$
3,050
343015
TSS Reimbursement
$
10,869
$
8,000
Parisi & recreation
A61
346030
Pool
$
71,886
$
65,000
346050
Parks usage
$
7,475
$
6,000
346051
Recreation
$
25,275
$
24,728
346052
Basketball
$
9,862
$
13,665
346055
Ice skating
$
105
$
100
346056
Tennis
$
3,159
$
6,880
346054
Seniors
$
11,534
$
18,000
346057
Day camp
$
32,887
$
36,660
346059
Picnic in the Park
$
13,026
$
13,000
TOTAL CHARGES FOR SERVICES
$
850,018
$
854,777
MUNICIPAL COURT FEES:
351000
Court fines
U99
$
342,287
$
358,000
351030
Court fees/chgs
$
37,230
$
28,782
TOTAL FINES & FORFEITURES
$
379,517
$
386,782
360000
Miscellaneous.
$
2,803
$
400
362000
Rents/leases (golf course)
A89
$
27,311
$
15,477
365000
Donations
U99
$
121
$
0
365015
Kidsport contribution
U99
$
11,838
$
24,000
364030
Sale of miscellaneous
U99
$
9,946
$
600
TOTAL MISCELLANEOUS
$
52,019
$
40,477
371000
Investment earnings
U20
$
74,329
$
83,940
TOTAL REVENUE, S5I5T29-
CITY OF KALISPELL
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND
BALANCE
(Continued)
GENERAL FUND
JUNE 30, 2000
Personal
Supplies, services
Purchase of
Total Actual
Budget
services
materials, other
equip, laud
expenditures
after
EXPENDITURES:
(100)
(200-800)
(900)
(All Objects)
transfers
GENERAL GOVERNMENT
410100
Mayor/Council
E29
$ 86,441
E29
$ 11,375
G29
F29
$ 97,816
$
100,822
410200
City Manager
E29
$ 96,182
E29
$ 6,495
G29
F29
$ 102,677
$
102,861
410300
Judicial services
E25
$ 95,800
E25
$ 39,491
G25
F25
$ 135,291
$
138,121
410500
Finance department
E23
$ 143,833
E23
$ 27,090
G23
F23
$ 170,922
$
172,674
410600
Elections
E89
E89
$ 1,435
G89
F89
$ 19435
$
2,000
410800
Personnel/recruitment
E29
E29
$ 28,312
G29
F29
$ 28,312
$
28,312
410900
Records adn"stration
E29
E29
$ 4,245
G29
F29
$ 4,245
$
5,850
411000
Planning
E29
E29
$ 37,336
G29
F29
$ 37,336
$
37,350
411100
Legal services
E25
$ 125,454
E25
$ 12,443
G25
F25
$ 137,898
$
137,898
411200
Facilities administration
E31
$ 23,137
E31
$ 67,725
G31
F31
$ 90,862
$
94,332
411300
Central conmrunications
E89
E89
$ 28,844
G89
F89
$ 28,844
$
29,000
410000
TOTAL GENERAL GOVERNMENT
$ 570,848
$ 264,791
$ 0
$ 835,638
$
849,220
Public Safety:
420100
Law enforcement
E62
$ 1,382,789
E62
$ 104,770
G62
$ 18,260
F62
$ 1,505,820
$
1,505,820
420400
Fire protection
E24
$ 815,479
E24
$ 40,959
G24
$ 252,787
F24
$ 1,109,225
$
1,114,827
420540
'Luting Enforcement
$ 32,608
$ 1,237
$ 33,845
$
35,245
420000
TOTAL PUBLIC SAFETY
$ 2,230,876
$ 146,967
$ 271,047
$ 2,648,890
$
2,655,892
Public Works:
430100
Adntinistration
E89
$ 64,110
E89
$ 8,619
G89
F89
$ 72,729
$
74,980
430200
Sign/signal
E44
$ 68,306
E44
$ 23,942
G44
F44
$ 92,248
$
93,688
430300
Street department
E01
$ 104,178
E01
$ 7,054
G01
$ 13,386
F01
$ 124,618
$
133,238
431300
Central garage
NE
$ 93,277
NE
$ 175,286
NE
NE
$ 268,563
$
268,563
430000
TOTAL PUBLIC WORKS
$ 329,871
$ 214,902
$ 13,386
$ 558,158
$
570,469
Culture & Recreation:
460430
Parks & Forestry
E61
$ 266,036
E61
$ 48,959
G61
$ 36,005
F61
$ 351,000
$
351,001
460440
Recreation
E61
$ 111,791
E61
$ 68,512
G61
F61
$ 180,303
$
182,747
460452
Hockaday Art
E61
E61
$ 6,600
G61
$ 20,000
F61
$ 26,600
$
26,600
460445
Pool
E61
$ 78,803
E61
$ 26,816
G61
F61
$ 105,619
$
106,169
460000
TOTAL CULTURE & RECREATION
$ 456,630
$ 150,887
$ 56,005
$ 663,523
$
666,517
490500
Debt Service
$ 0
$ 7,189
$ 0
$ 7,189
$
7,189
510100
Special Assessments
$ 0
$ 540
$ 0
$ 540
$
1,550
TOTAL EXPENDITURES
$ 3,588,224
$ 785,275
$ 340,438
$ 4,713,938
$
4,750,837
43
CITY OF KALISPELL
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE (continued)
JUNE 30, 2000
BUDGET AFTER
ACTUAL
TRANSFERS
TOTAL REVENUES:
$
4,545,129
$
4,414,429
TOTAL EXPENDITURES:
$
4,713,938
$
4,750,837
Excess Revenues over (under) Expenditures
$
(168,809)
$
(336,408)
OTHER FINANCING SOURCES (USES):
Transfers in
$
0
$
0
Transfers (out)
$
(40,505)
$
(40,505)
Inception of Lease
$
87,603
$
87,603
Excess revenues and other sources
over (under) expenditures and other uses
$
(121,711)
$
(289,310)
FUND BALANCE
July 1, 1999
FUND BALANCE
JUNE 30, 2000
$ 1,029,157
$ 907,446
LIV
III. Financial Statements - by Fund type
C. Individual Statement - by Fund type
2. Special Revenue Funds
a. Combining Balance Sheet
b. Statement of Revenues, Expenditures
and Changes in Fund Balance
45
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
June 30, 2000
2170
2180
2185
2188
2210
AIRPORT
TAX INCR.
AIRPORT
WESTSIDE
PARKS IN LIEU
ASSETS:
INCREMENT
INCREMENT
010100
Cash/Investments (mtrestrieted)
$ 496 $
1,727,909 $
7,248 $
293,646
$ 11,171
Cash/Investments (restricted)
123,046
5,000
Total for combined statement
496
1,850,955
7,248
2989646
11,171
011300
Taxes receivable - real estate
141,831
2,126
18,996
011500
Taxes receivable - personal property
59,462
1,076
7,012
011600
Taxes receivable - protested taxes
011800
Special Assessments receivable
Total for combined statement
0
201,293
3,202
26,008
0
012000
Loans receivable
1069321
012910
Accrued Interest Receivable
013000
Due from other govermuents
276,523
11,289
59,041
013100
Due from other funds
013205
Due from other organizations
013300
Advance to other funds
014100
Prepaid expenditures
TOTAL ASSETS
$ 496 $
2,435,092 $
21,739 $
3839695
$ 11,171
LIABILITIES AND FUND EQUITY:
020200
Accounts payable $
494 $
30,891 $
1,318 $
1,000
020420
Purchase contract
27,751
020600
Accrued payable
578
021249
Retainage - due to contractor
4,273
023300
Advance from Other Fund
40,000
75,000
Total for combined statement
1,072
35,164
69,069
76,000 0
022300
Deferred revenue - loans receivable
106,321
022310
Deferred revenue - real & protest taxes
141,831
2,126
18,996
022320
Deferred revenue - personal property taxes
59,462
1,076
7,012
022330
Deferred revenue - special assessments
Total for combined statement
0
307,614
3,202
26,008 0
TOTAL LIABILITIES
1,072
342,778
72,271
102,008 0
025000 Reserve for Debt Service
027100 Fund Balance
Total Equity
TOTAL LIABILITIES AND FUND EQUTI'Y
123,046 5,000
(576) 1,969,268 (50,532) 276,687 11,171
(576) 2,092,314 (50,532) 281,687 11,171
$ 496 $ 2,435,092 $ 21,739 $ 383,695 $ 11,171
M.
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
June 30, 2000
ASSETS:
010100 Cash/Investments (unrestricted)
Cash/Investments (restricted)
Total for combined statement
011300 Taxes receivable - real estate
011500 Taxes receivable - personal property
011600 Taxes receivable - protested taxes
011800 Special Assessments receivable
Total for combined statement
012000 Loans receivable
012910 Accrued Interest Receivable
013000 Due from other governments
013100 Due from other funds
013205 Due from other organizations
013300 Advance to other funds
014100 Prepaid expenditures
TOTAL ASSETS
LIABILITIES AND FUND EQUITY:
020200 Accounts payable
020420 Purchase contract
020600 Accrued payable
021249 Retainage - due to contractor
023300 Advance from Other Fund
Total for combined statement
022300 Deferred revenue - loans receivable
022310 Deferred revenue - real & protest taxes
022320 Deferred revenue - personal property taxes
022330 Deferred revenue - special assessments
Total for combined statement
TOTAL LIABILITIES
2394 2400
2360 2370 2380 BUILDING LIGIiT
COMP. INS. RETIREMENT HEALTH ENFORCEMENT MAINTENANCE
$ 168,154 $ 118,769 $ 167,721 $ 268,352 $ 39,070
168,154
118,769
167,721 268,352 39,070
18,894
26,482
34,039
9,491
12,916
16,791
118
172
199
9,252
28,503
39,570
51,029 0 9,252
30,239 42,903 55,132
5,279
56,113
$ 283,009 $ 201,242 $ 273,882 $ 268,352 $ 53,601
$ 37,419 $ 3,859
37,419 3,859
$ 4,367 $ 5,359
0 4,367 5,359
9,252
19,011
9,491
26,653
12,916
34,239
16,791
28,502
39,569
51,030 0 9,252
65,921
43,428
51,030 4,367 14,611
025000 Reserve for Debt Service
027100 Fund Balance 217,087 157,813 222,853 263,985 38,990
Total Equity 217,087 157,813 222,853 263,985 38,990
TOTAL LIABILITIES AND FUND EQUITY $ 283,008 $ 201,241 $ 273,883 $ 268,352 $ 53,601
47
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
2401
2420
2500
2880
2882
June 30, 2000
DECORATIVE
GAS TAX
SPECIAL
COMM. DEV.
COURTYARD
LIGHT MAINT.
STREET MAINT.
LOAN REVOLVING
MAINTENANCE
ASSETS:
010100
Cash/Investments (unrestricted)
$ 1,872
$
343,778
$ 139,266
$ 289956
$
20,988
Cash/Investments (restricted)
2,464
21,496
Total for combined statement
1,872
343,778
139,266
31,420
42,484
011300
Taxes receivable - real estate
011500
Taxes receivable - personal property
011600
Taxes receivable - protested taxes
11,471
011800
Special Assessments receivable
381
46,648
Total for combined statement
381
0
58,119
0
0
012000
Loans receivable
193,720
012910
Accrued Interest Receivable
013000
Due from other govermuents
707
24,794
30,716
013100
Due from other fouls
013205
Due front other org,.mizatimns
5,666
013300
Advance to other funds
014100
Prepaid expenditures
TOTAL ASSETS
$ 2,960
$
368,572
$ 228,101
$ 230,806
$
42,484
LIABILPl'IES AND FUND EQUITY:
020200
Accounts payable
$ 99
$
19,799
$ 1,210
$ 2,630
$
0
020420
Purchase contract
020600
Accrued payable
021249
Retainage - due to contractor
900
023300
Advance from Other Fund
Total for combined statement
99
20,699
1,210
2,630
0
022300
Deferred revenue - loans receivable
193,720
022310
Deferred revenue - real & protest taxes
022320
Deferred revenue - personal property taxes
022330
Deferred revenue - special assessments
381
58,119
Total for combined statement
381
0
58,119
193,720
0
TOTAL LIABILITIES
480
20,699
59,329
196,350
0
025000
Reserve for Debt Service
2,464
21,496
027100
Fund Balance
2,480
347,873
168,772
31,992
20,988
Total Equity
2,480
347,873
168,772
34,456
42,484
TOTAL LIABILITIES AND FUND EQUITY
$ 2,960
$
368,572
$ 228,101
$ 230,806
$
42,484
48
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
.Tune 30, 2000
ASSETS:
010100 Cash/Investments (unrestricted)
Cash/Investments (restricted)
Total for combined statement
011300 Taxes receivable - real estate
011500 Taxes receivable - personal property
011600 Taxes receivable - protested taxes
011800 Special Assessments receivable
Total for combined statement
012000 Loans receivable
012910 Accrued Interest Receivable
013000 Due from other governments
013100 Due from other funds
013205 Due from other organizations
013300 Advance to other funds
014100 Prepaid expenditures
TOTAL ASSETS
LIABILPTIES AND FUND EQUITY:
020200 Accounts payable
020420 Purchase contract
020600 Accrued payable
021249 Retainage - due to contractor
023300 Advance from Other Fund
Total for combined statement
022300 Deferred revenue - loans receivable
022310 Deferred revenue - real & protest taxes
022320 Deferred revenue - personal property taxes
022330 Deferred revenue - special assessments
Total for combined statement
TOTAL LIABILITIES
2886
2914
2916
2917
2918
UDAG
POLICE
DRUG ENFORCE.
UNIVERSAL
LAW ENFORCE.
RESOURCE OFFICER
GRANT
POLICE GRANT
BLOCK GRANT
$ 468,825
$ (9,823)
$ 760
$ (5,317) $
1,848
468,825
(9,823)
760
(5,317)
1,848
0
0
0
0
0
1,253,271
15,342
12,134
10,568
12,500
3,219
500,000
75,000
$ 2,312,438 $ 2,311 $ 11,328 $ 7,183 $ 5,067
$ 6,135 $ 1,537 $ 4,972 $ 3,370 $ 2,859
6,135 1,537 4,972 3,370 2,859
1,253,271
1,253,271 0 0 0 0
1,259,406 1,537 4,972 3,370 2,859
025000 Reserve for Debt Service
027100 Fund Balance 1,053,032 774 6,356 3,813 2,208
Total Equity 1,053,032 774 6,356 3,813 2,208
TOTAL LIABILITIES AND FUND EQUITY $ 2,312,438 $ 2,311 $ 11,328 $ 7,183 $ 5,067
49
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
June 30, 2000
ASSETS:
010100
Cash/Investments (unrestricted)
Cash/Investments (restricted)
Total for combined statement
011300
Taxes receivable - real estate
011500
Taxes receivable - personal property
011600
Taxes receivable - protested taxes
011800
Special Assessments receivable
Total for combined statement
012000
Loans receivable
012910
Accrued Interest Receivable
013000
Due from other govern vents
013100
Due from other funds
013205
Due from other organizations
013300
Advance to other funds
014100
Prepaid expenditures
TOTAL ASSETS
LIABILITIES AND FUND EQUITY:
020200
Accounts payable
020420
Purchase contract
020600
Accrued payable
021249
Retainage - due to contractor
023300
Advance from Other Fund
Total for combined statement
022300
Deferred revenue - loans receivable
022310
Deferred revenue- real & protest taxes
022320
Deferred revenue - personal property taxes
022330
Deferred revenue - special assessments
Total for combined statement
TOTAL LIABILITIES
2940
2927 SAMARITAN
NIT. CULTURAL HOUSE
ARTSGRANT GRANTS
2945 2950
CDBG-ED GRANT AFFORDABLE
STREAM PROJ. HOUSING
GRANT
SPECIAL
2975 REVENUE FUNDS
ISTEA TOTAL OF ALL
FUNDS
$ 0 $ (16,547) $ 20,000 $ 32,960 $ (8,713) $ 3,821,389
152,006
0 (16,547) 20,000 32,960 (8,713) 3,973,395
242,368
106,748
11,960
56,281
0 0 0 0 0 417,357
1,553,312
15,342
6,929 581,973
500,000
16,547 22,213
75,000
56,113
$ 0 $ 0 $ 20,000 $ 32,960 $ (1,784) $ 7,194,705
$ 0 $ 0 $ 0 $ 12,897 $ 0 $ 140,215
27,751
578
5,173
115,000
0 0 0 12,897 0 288,717
1,562,564
242,856
106,748
58,500
0 0 0 0 0 1,970,668
0 0 0 12,897 0 2,259,385
025000 Reserve for Debt Service 152,006
027100 Fund Balance 0 0 20,000 20,063 (1,784) 4,783,314
Total Equity 0 0 20,000 20,063 (1,784) 4,935,320
TOTAL LIABILITIES AND FUND EQUITY $ 0 $ 0 $ 20,000 $ 32,960 $ (1,784) $ 7,194,705
GU17
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
2170
2180
2185
AIRPORT
Budget after
TAX INCREMENT
Budget after
AIRPORT
TIF
Budget after
June 30, 2000
Actual
Transfers
Actual
Transfers
Actual
Transfers
REVENUES:
310000 Total taxes
$
1,588,433
$ 1,617,263
$
24,957
$ 27,000
363000 Total assessments
320000 Total licenses/permits
330000 Total intergovernmental
287,256
286,579
21,636
25,381
340000 Total charges for services
11,583
15,351
360000 Total miscellaneous
100,000
370000 Total investments
98,790
97,732
535
10,000
TOTAL REVENUES
$
11,583 $
15,351
$
1,9749479
$ 2,001,574
$
47,128
$ 162,381
EXPENDITURES:,
410000 Total general government
420000 Total public safety
430000 Total public works
18,313
22,083
121,931
393,401
19,317
40,234
460000 Total culture & recreation
39,261
39,261
470000 Total housing & comm development
389,299
5395355
490000 Total debt service
262,850
262,850
2,719
18,073
510000 Total miscellaneous
900 Capital Outlay
333,893
3,392,841
58,175
1,862,077
TOTAL EXPENDITURES
$
18,313 $
22,083
$
191479234
$ 4,627,708
$
809210
$ 1,920,384
Excess revenue over (under) expenditures
$
(6,730) $
(6,732)
$
8279245
$ (2,626,134)
$
(33,082)
$ (1,758,003)
380000 Other financing sources (uses):
392014 Sale of land
381070 Proceeds of loan
0
962,630
0
1,7209000
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
$
(6,730) $
(6,732)
$
827,245
$ (19663,504)
$
(33,082)
$ (38,003)
Fund Balance July 1, 1999
69154
1,7879504
(5,102)
Equity Transfers
(522,435)
(12,348)
Fund Balance June 30, 2000
$
(576)
$
2,092,314
$
(50,532)
51
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
2188
2210
2360
WESTSIDE TIF
Budget after
PARKS IN LIEU
Budget after
COMP. INS.
Budget after
June 30, 2000
Actual
Transfers
Actual
Transfers
Actual
Transfers
REVENUES:
310000 Total taxes
$
188,054
$
229,668
$
236,644 $
237,652
363000 Total assessments
320000 Total licenses/permits
1,783
1,000
330000 Total intergovernmental
39,574
39,561
13,190
20,871
340000 Total charges for services
2,031
360000 Total miscellaneous
3,264
5,000
370000 Total investments
11,509
2,500
TOTAL REVENUES
$
239,137
$
271,729
$
5,295 $
5,000
$
251,617 $
259,523
EXPENDITURES:
410000 Total general government
420000 Total public safety
430000 Total public works
460000 Total culture & recreation
1,390
1,400
470000 Total housing & comm development
66,971
75,000
490000 Total debt service
510000 Total miscellaneous
286,392
316,570
900 Capital Outlay
0
272,865
10,600
TOTAL EXPENDITURES
$
66,971
$
347,865
$
1,390 $
12,000
$
286,392 $
316,570
Excess revenue over (under) expenditures
$
172,166
$
(76,136)
$
3,905 $
(7,000)
$
(34,775) $
(57,047)
380000 Other financing sources (uses):
392014 Sale of land
381070 Proceeds of loan
383000 Operating transfers in
521000 Operating transfers (out)
(20,048)
(20,048)
Excess revenues and other sources over
(under) expenditures and other uses
$
172,166
$
(76,136)
$
(16,143) $
(27,048)
$
(34,775) $
(57,047)
Fund Balance July 1, 1999
109,521
27,314
251,862
Equity Transfers
Fund Balance June 30, 2000
$
281,687
$
11,171
$
217,087
52
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2000
REVENUES:
310000 Total taxes
363000 Total assessments
320000 Total licenses/permits
330000 Total intergovernmental
340000 Total charges for services
360000 Total miscellaneous
370000 Total investments
TOTAL REVENUES
EXPENDITURES:
410000 Total general government
420000 Total public safety
430000 Total public works
460000 Total culture & recreation
470000 Total housing & comm development
490000 Total debt service
510000 Total miscellaneous
900 Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
392014 Sale of land
381070 Proceeds of loan
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 1999
Equity Transfers
Fund Balance June 30, 2000
2370
RETIREMENT
Budget after
Actual
Transfers
$ 336,790
$ 332,512
2,585
1,000
20,501
27,632
2380
HEALTH Budget after
Actual Transfers
$ 432,779 $ 427,211
3,322 3,000
26,364 34,819
$ 359,876 $ 361,144 $
2394
BUILDING CODE Budget after
Actual Transfers
462,465 $ 465,030 $
317,707 240,000
317,707 $ 240,000
34,771
36,432
66,102
67,282
268,306
275,055
265,139
283,808
243,813
266,791
20,689
21,462
56,229
56,230
18,507
18,510
39,684
44,173
0
500
0
1,000
500
775
$ 342,773 $
352,734 $
427,154 $
452,493 $
243,813 $
266,791
$ 17,103 $
8,410 $
35,311 $
12,537 $
73,894 $
(26,791)
$ 17,103 $
8,410 $
35,311 $
12,537 $
73,894 $
(26,791)
140,710
187,542
190,091
$ 157,813 $ 222,853 $ 263,985
53
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2000
REVENUES:
310000 Total taxes
363000 Total assessments
320000 Total licenses/permits
330000 Total intergovernmental
340000 Total charges for services
360000 Total miscellaneous
370000 Total investments
TOTAL REVENUES
EXPENDITURES:
410000 Total general government
420000 Total public safety
430000 Total public works
460000 Total culture & recreation
470000 Total housing & comm development
490000 Total debt service
510000 Total miscellaneous
900 Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
392014 Sale of land
381070 Proceeds of loan
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 1999
Equity Transfers
Fund Balance June 30, 2000
2400 2401
LIGHT MAINT. Budget after DECR. LIGHT Budget after
Actual Transfers Actual Transfers
76,175 70,106 4,315 4,284
2420
GAS TAX Budget after
Actual Transfers
297,859 298,859
$ 76,175 $ 70,106 $ 4,315 $ 4,284 $ 297,859 $ 298,859
71,498 71,502 3,209 5,514 204,359 512,979
$ 71,498 $ 71,502 $ 3,209 $ 5,514 $ 204,359 $ 512,979
$ 4,677 $ (1,396) $ 1,106 $ (1,230) $ 93,500 $ (214,120)
$ 4,677 $ (1,396) $ 1,106 $ (1,230) $ 93,500 $ (214,120)
34,313 1,374 254,373
$ 38,990 $ 2,480 $ 347,873
54
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2000
REVENUES:
310000 Total taxes
363000 Total assessments
320000 Total licenses/permits
330000 Total intergovernmental
340000 Total charges for services
360000 Total miscellaneous
370000 Total investments
TOTAL REVENUES
EXPENDITURES:
410000 Total general government
420000 Total public safety
430000 Total public works
460000 Total culture & recreation
470000 Total housing & comm development
490000 Total debt service
510000 Total miscellaneous
900 Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
392014 Sale of land
381070 Proceeds of loan
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 1999
Equity Transfers
Fund Balance June 30, 2000
2500
STREET MAINT. Budget after
Actual Transfers
395,119 387,433
2825 2880
MACI Budget after COMM. DEV. Budget after
GRANT Transfers Loan Revolving Transfers
86,363 86,383
52,399
8,463
$ 395,119 $
387,433
$
86,363 $
86,383 $
52,399
$ 8,463
338,611
381,792
31,270
31,270
122,389
140,000
86,363
86,383
$ 461,000 $
521,792
$
86,363 $
86,383 $
31,270
$ 31,270
$ (65,881) $
(134,359)
$
0 $
0 $
219129
$ (22,807)
122,382
140,000
(63,190)
(63,190)
$ 56,501 $
5,641
$
0 $
0 $
(42,061)
$ (85,997)
112,271
0
76,517
$ 168,772 $ 0 $ 34,456
55
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2000
REVENUES:
310000 Total taxes
363000 Total assessments
320000 Total licenses/permits
330000 Total intergovernmental
340000 Total charges for services
360000 Total miscellaneous
370000 Total investments
TOTAL REVENUES
EXPENDITURES:
410000 Total general government
420000 Total public safety
430000 Total public works
460000 Total culture & recreation
470000 Total housing & comm development
490000 Total debt service
510000 Total miscellaneous
900 Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
392014 Sale of land
381070 Proceeds of loan
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1,1999
Equity Transfers
Fund Balance June 30, 2000
2882 2886 2914
COURTYARD Budget after UDAG Budget after Police Resource Budget after
Actual Transfers Actual Transfers Actual Transfers
41,611 48,676
54,006
54,298
118,660
130,000
$
54,006 $
54,298
$
118,660 $
130,000
$
41,611 $
48,676
40,837
48,676
42,830
35,000
1,488,778
1,523,557
24,124
25,000
$
66,954 $
60,000
$
1,488,778 $
1,523,557
$
40,837 $
48,676
$
(12,948) $
(5,702)
$
(1,370,118) $
(1,393,557)
$
774 $
0
(59,538)
(59,538)
$
(12,948) $
(5,702)
$
(1,429,656) $
(1,453,095)
$
774
49,765
2,482,688
5,667
$
42,484
$
1,053,032
$
774
56
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2000
REVENUES:
310000 Total taxes
363000 Total assessments
320000 Total licenses/permits
330000 Total intergovernmental
340000 Total charges for services
360000 Total miscellaneous
370000 Total investments
TOTAL REVENUES
EXPENDITURES:
410000 Total general government
420000 Total public safety
430000 Total public works
460000 Total culture & recreation
470000 Total housing & comm development
490000 Total debt service
510000 Total miscellaneous
900 Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
392014 Sale of land
381070 Proceeds of loan
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 1999
Equity Transfers
Fund Balance June 30, 2000
2916 2917 2918
Drug Enf. Budget after Universal Police Budget after Law Ent. Grant Budget after
Actual Transfers Actual Transfers Actual Transfers
35,180
39,418
52,500
55,000
12,292
16,781
1,457
151
$ 35,180
$ 39,418
$
52,500 $
56,457
$
12,443 $
16,781
48,902
54,138
85,548
92,235
11,939
16,781
$ 48,902
$ 54,138
$
85,548 $
92,235
$
11,939 $
16,781
$ (13,722)
$ (14,720)
$
(33,048) $
(35,778)
$
504 $
0
12,250
12,250
27,247
26,342
1,008
1,008
$ (1,472)
$ (2,470)
$
(5,801) $
(9,436)
$
1,512 $
1,008
7,828
9,614
696
$ 6,356
3,813
$ 2,208
57
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
2927
2945
2950
MT. CULTURAL
Budget after
CDBG/ED GRANT Budget after
HOUSING
Budget after
June 30, 2000
ARTS GRANT Transfers
STREAM
PROD. Transfers
Actual
Transfers
REVENUES:
310000 Total taxes
363000 Total assessments
320000 Total licenses/permits
330000 Total intergovernmental
17,000 33,000
20,000 400,000
200
340000 Total charges for services
360000 Total miscellaneous
370000 Total investments
TOTAL REVENUES
$
17,000 $ 33,000
$
20,000 $ 400,000
$
0 $
200
EXPENDITURES:
410000 Total general government
420000 Total public safety
430000 Total public works
460000 Total culture & recreation
17,000 33,000
470000 Total housing & comm development
490000 Total debt service
510000 Total miscellaneous
900 Capital Outlay
229,211
241,251
TOTAL EXPENDITURES
$
17,000 $ 33,000
$
0 $ 0
$
229,211 $
241,251
Excess revenue over (under) expenditures
$
0 $ 0
$
20,000 $ 400,000
$
(229,211) $
(241,051)
380000 Other financing sources (uses):
392014 Sale of land
324,954
281,821
381070 Proceeds of loan
383000 Operating transfers in
122,728
122,728
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
$
0 $ 0
$
20,000 $ 400,000
$
218,471 $
163,498
Fund Balance July 1,1999
0
(198,408)
Equity Transfers
Fund Balance June 30, 2000
$
0
$
20,000
$
20,063
58
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
2975
TOTAL
ISTEA
Budget after
Budget After
June 30, 2000
Actual
Transfers
Actual
Transfers
REVENUES:
310000 Total taxes
$
2,807,657
$
2,871,306
363000 Total assessments
475,609
461,823
320000 Total licenses/permits
325,397
245,000
330000 Total intergovernmental
169,172
413,155
1,140,498
1,377,639
340000 Total charges for services
13,614
15,351
360000 Total miscellaneous
57,270
159,298
370000 Total investments
282,044
250,152
TOTAL REVENUES
$
169,172
$ 413,155
$
5,102,089
$
5,380,569
EXPENDITURES:
410000 Total general government
100,873
103,714
420000 Total public safety
964,484
988,808
430000 Total public works
854,155
1,505,197
460000 Total culture & recreation
115,842
136,344
470000 Total housing & comm development
2,019,148
2,204,182
490000 Total debt service
289,693
307,423
510000 Total miscellaneous
286,892
317,345
900 Capital Outlay
196,014
451,904
1,026,045
6,457,921
TOTAL EXPENDITURES
$
1969014
$ 451,904
$
5,657,131
$
12,020,934
Excess revenue over (under) expenditures
$
(26,842)
$ (38,749)
$
(555,042)
$
(6,640,365)
380000 Other financing sources (uses):
392014 Sale of land
324,954
281,821
381070 Proceeds of loan
122,382
2,822,630
383000 Operating transfers in
20,048
20,048
183,281
182,376
521000 Operating transfers (out)
(142,776)
(142,776)
Excess revenues and other sources over
(under) expenditures and other uses
$
(6,794)
$ (18,701)
$
(67,201)
$
(3,496,314)
Fund Balance July 1, 1999
5,010
5,531,637
Equity Transfers
(529,116)
Fund Balance June 30, 2000
$
(1,784)
$
4,935,320
59
III. Financial Statements - by Fund type
C. Individual Statement - by Fund type
3. Debt Service Funds
a. Combining Balance Sheet
b. Statement of Revenues, Expenditures
and Changes in Fund Balance
60
DEBT SERVICE FUNDS
COMBINING
BALANCE SHEET - ALL FUNDS
3010
3188 3500
3590 3591 3592
June 30, 2000
G.O. BOND
WESTSIDE TIF SID REVOLVING
1990 S&C 1991 S&C 1992 S & C
SERIES 2000
ASSETS:
010100
Cash/Invest-unrestricted
$ 2,354
$ 0 $ 10,006 $
0 $ 0 $ 0
010130
Cash Reserve for Bond contingency
011300
Taxes receivable - real
3,071
1
011500
Taxes receivable - personal
1,656
10
011600
Taxes receivable - protested
28
011800
Assessments receivable
1,064
011900
Assessments receivable- deferred
1,138
"Total for combined statement
4,755
0 11
0 0 2,202
012910
Accrued Int. Rec. / Stream
16,164
Total for combined statement
16,164
013000
Due from Sidewalk &Curb funds
8,320
013230
Due from County
4,972
461
285
Total for combined statement
4,972
0
8,781
0
0
285
TOTAL ASSETS $
12,081 $
16,164 $
18,798 $
0 $
0 $
2,487
LIABILITIES:
020500
Matured bonds payable
020550
Matured interest payable
Total for combined statement
0
0
0
0
0
0
021134
Due to SID Revolving Fund
0
0
0
83
Total for combined statement
0
0
0
0
0
83
022310
Deferred revenue -real taxes
3,071
1
022320
Deferred revenue -personal
1,656
10
022330
Deferred revenue -assessment
2,202
022340
Deferred revenue -protested
28
Total for combined statement
4,755
0
11
0
0
2,202
TOTAL LIABILITIES
4,755
0
11
0
0
2,285
FUND EQUITY
025320
Reserve for bond contigency
027100
Fund Balance
7,326
16,164
18,787
0
0
202
TOTAL LIABILITY & FUND BALANCE $
12,081 $
16,164 $
18,798 $
0 $
0 $
2,487
61
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET - ALL FUNDS
3.593
3594
3595
3596
3597
3598
June 30, 2000
1993 S & C
1994 S & C
1995 S & C
1996 S & C
1997 S & C
1998 S & C
ASSETS:
010100
Cash/Invest-unrestricted
$ 0 $
0 $
0
$ 0
$ 0 $
0
010130
Cash Reserve for Bond contingency
011300
Taxes receivable - real
011500
Taxes receivable - personal
011600
Taxes receivable - protested
011800
Assessments receivable
43
92
1,800
253
174
011900
Assessments receivable- deferred
1,088
9,480
10,558
7,593
5,233
1,476
Total for combined statement
1,131
9,572
12,358
7,846
5,407
1,476
012910
Accrued Int. Rec. / Stream
Total for combined statement
013000
Due from Sidewalk &Curb funds
013230
Due from County
161
113
27
42
64
0
Total for combined statement
161
113
27
42
64
0
TOTAL ASSETS
$ 1,292 $
9,685 $
12,385
$ 7,888
$ 5,471 $
1,476
LIABILITIES:
020500
Matured bonds payable
020550
Matured interest payable
Total for combined statement
0
0
0
0
0
0
021134
Due to SID Revolving Fund
544
63
586
305
75
Total for combined statement
544
63
586
305
75
0
022310
Deferred revenue -real taxes
022320
Deferred revenue -personal
022330
Deferred revenue -assessment
1,131
9,572
12,358
7,845
5,406
1,476
022340
Deferred revenue -protested
Total for combined statement
1,131
9,572
12,358
7,845
5,406
1,476
TOTAL LIABILITIES
1,675
9,635
12,944
8,150
5,481
1,476
FUND EQUITY
025320
Reserve for bond contigency
027100
Fund Balance
(383)
50
(559)
(262)
(10)
0
TOTAL LIABILITY & FUND BALANCE
$ 1,292 $
9,685 $
12,385
$ 7,888
$ 5,471 $
1,476
62
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET - ALL FUNDS
3599
3637
3641
3642
TOTAL OF ALL
June 30, 2000
1999 S & C
SID 337
SID 341
SID 342
DEBT SERVICE FUNDS
ASSETS:
010100
Cash/Invest-unrestricted
$ 0 $
0 $
4,461 $
3,589
$ 20,410
010130
Cash Reserve for Bond contingency
5,000
10,450
15,450
011300
Taxes receivable - real
3,072
011500
Taxes receivable - personal
1,666
011600
Taxes receivable - protested
28
011800
Assessments receivable
680
1,016
5,122
011900
Assessments receivable- deferred
1,769
13,039
60,424
131,753
243,551
Total for combined statement
131,753
253,439
1,769
13,719
61,440
012910
Accrued Int. Rec. / Stream
16,164
Total for combined statement
16,164
013000
Due from Sidewalk &Curb funds
8,320
013230
Due from County
0
1,509
695
1,114
9,443
Total for combined statement
1,114
17,763
0
1,509
695
TOTAL ASSETS
$ 1,769 $
15,228 $
71,596 $
146,906
$ 323,226
LIABILITIES:
020500
Matured bonds payable
0
020550
Matured interest payable
0
Total for combined statement
0
0
0
0
0
021134
Due to SID Revolving Fund
6,664
8,320
Total for combined statement
0
8,320
0
6,664
0
022310
Deferred revenue -real taxes
3,072
022320
Deferred revenue -personal
1,666
022330
Deferred revenue -assessment
1,769
13,719
61,440
131,753
248,671
022340
Deferred revenue -protested
28
Total for combined statement
131,753
253,437
1,769
13,719
61,440
TOTAL LIABILITIES
131,753
261,757
1,769
20,383
61,440
FUND EQUITY
025320
Reserve for bond contigency
5,000
10,450
15,450
027100
Fund Balance
0
(5,155)
5,156
4,703
46,019
TOTAL LIABILITY & FUND BALANCE
$ 1,769 $
15,228 $
71,596 $
146,906
$ 323,226
63
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
June 30, 2000
REVENUE:
310000
Total taxes
363000
Taxes/Assessments
320000
Total licenses/Permits
330000
Total intergovernmental
370000
Total investment
TOTAL REVENUE
EXPENDITURES:
490100
G.O. bond principal
G.O. bond interest
G.O. bond agent fees
490300
S.I.D. bond principal
S.I.D. bond interest
S.I.D. bond agent fees
490000
TOTAL debt service
Excess revenues over
(under) expenditures
Fund Balance July 1, 1999
Residual equity transfers
Fund Balance June 30, 2000
3010 3188
G.O. BOND WESTSIDE TIF
SERIES 2000
BUDGET AFTER BUDGET AFTER
ACTUAL TRANSFERS ACTUAL TRANSFERS
T01 S 40,274 $ 35,335 S 43,222
U01
T24 339 150
C89 3,648 3,107
U20 1,263 500 41,548
3500
SID REVOLVING FUND
BUDGET AFTER
ACTUAL TRANSFERS
S 936
757
45,524 39,092 84,770 0 1,693
NE 55,000 55,000
I89 2,805 2,805
E23 250 250
NE
189 68,606 68,606
58,055 58,055 68,606 68,606 0
(12,531) (18,963) 16,164 (68,606) 1,693
19,857 0 16,984
0 0 110
S 7,326 S 16,164 $ 18,787
0
0
0
0
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURE
AND CHANGES IN FUND BALANCES
3590
3591
3592
June 30, 2000
1990 SIDEWALK & CURB
1991 SIDEWALK & CURB
1992 SIDEWALK & CURB
BUDGET AFTER
BUDGET AFTER
BUDGET AFTER
ACTUAL TRANSFERS
ACTUAL
TRANSFERS
ACTUAL
TRANSFERS
REVENUE:
310000
Total taxes
363000
Taxes/Assessments
$ 484
$ 454 $
1,347
$ 1,416 $
1,395
320000
Total licenses/Permits
330000
Total intergovernmental
370000
Total investment
TOTAL REVENUE
454
1,347
1,416
1,395
484 0
EXPENDITURES:
490100
G.O. bond principal
G.O. bond interest
G.O. bond agent fees
490300
S.I.D. bond principal
638
1,133
1,000
1,000
S.I.D. bond interest
114
214
245
395
S.I.D. bond agent fees
490000
TOTAL debt service
752
1,347
1,245
1,395
0 0
Excess revenues over
(under) expenditures
484 0
(298)
0
171
0
Fund Balance July 1, 1999
(157)
81
31
Residual equity transfers
(327)
217
0
Fund Balance June 30, 2000
$ 0
$ 0
$ 202
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURE
AND CHANGES IN FUND BALANCES
3593
3594
3595
June 30, 2000
1993 SIDEWALK
& CURB
1994 SIDEWALK & CURB
1995 SIDEWALK & CURB
BUDGET AFTER
BUDGET AFTER
BUDGET AFTER
ACTUAL
TRANSFERS
ACTUAL
TRANSFERS
ACTUAL
TRANSFERS
REVENUE:
310000
Total taxes
363000
Taxes/Assessments
$ 651 S
915
$ 4,644
$ 4,791
S 3,266 $
4,129
320000
Total licenses/Permits
330000
Total intergovernmental
370000
Total investment
TOTAL REVENUE
915
4,644
4,791
3,266
4,129
651
EXPENDITURES:
490100
G.O. bond principal
G.O. bond interest
G.O. bond agent fees
490300
S.I.D. bond principal
730
730
3,500
3,500
2,852
2,852
S.I.D. bond interest
66
185
1,041
1,291
1,027
1,277
S.I.D. bond agent fees
490000
TOTAL debt service
4,541
4,791
3,879
4,129
796
915
Excess revenues over
(under) expenditures
(145)
0
103
0
(613)
0
Fund Balance July 1, 1999
(238)
(53)
54
Residual equity transfers
0
0
0
Fund Balance June 30, 2000
$ (383)
$ 50
$ (559)
66
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURE
AND CHANGES IN FUND BALANCES
3596 3597 3598
June 30, 2000 1996 SIDEWALK & CURB 1997 SIDEWALK & CURB 1998 SIDEWALK & CURB
BUDGET AFTER BUDGET AFTER BUDGET AFTER
ACTUAL TRANSFERS ACTUAL TRANSFERS ACTUAL TRANSFERS
REVENUE:
310000 Total taxes
363000 Taxes/Assessments $ 2,133 $ 2,498 $ 1,391 $ 1,540 $ 407 $
320000 Total licenses/Permits
330000 Total intergovernmental
370000 Total investment
TOTAL REVENUE
EXPENDITURES:
490100 G.O. bond principal
G.O. bond interest
G.O. bond agent fees
490300 S.I.D. bond principal
S.I.D. bond interest
S.I.D. bond agent fees
490000 TOTAL debt service
Excess revenues over
(under) expenditures
Fund Balance July 1, 1999
Residual equity transfers
Fund Balance June 30, 2000
2,133 2,498
1,518 1,519
729 979
2,247
(114)
(148)
0
$ (262)
1,391 1,540
1,000 1,000
540 540
2,498 1,540
0 (149)
139
0
$ (10)
67
1,540
0
508
407
508
211
211
196
296
407
0
0
0
$ 0
507
1
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURE
AND CHANGES IN FUND BALANCES
June 30, 2000
REVENUE:
310000
Total taxes
363000
Taxes/Assessments
320000
Total licenses/Permits
330000
Total intergovernmental
370000
Total investment
TOTAL REVENUE
EXPENDITURES:
490100
G.O. bond principal
G.O. bond interest
G.O. bond agent fees
490300
S.I.D. bond principal
S.I.D. bond interest
S.I.D. bond agent fees
490000
TOTAL debt service
Excess revenues over
(under) expenditures
Fund Balance July 1, 1999
Residual equity transfers
Fund Balance June 30, 2000
3637 3641 3642
SID 337 SID 341 SID 342
BUDGET AFTER BUDGET AFTER BUDGET AFTER
ACTUAL TRANSFERS ACTUAL TRANSFERS ACTUAL TRANSFERS
$ 7,700 S 12,250 $ 10,615 $ 10,073 $ 21,130 $ 21,090
7,700
12,250
10,615
10,073
21,130
21,090
10,000
10,000
20,000
20,000
15,000
15,000
2,250
2,250
4,338
4,338
9,165
9,165
100
100
100
24,265
24,265
24,338
24,338
12,250
12,250
(4,550)
0
(13,723)
(14,265)
(3,135)
(3,175)
(605)
18,879
7,838
0
0
0
$ (5,155)
$
5,156
$
4,703
68
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURE
AND CHANGES IN FUND BALANCES
TOTAL
June 30, 2000
DEBT SERVICE FUNDS
BUDGET AFTER
ACTUAL
TRANSFERS
REVENUE:
310000
Total taxes
$ 83,496
S 35,335
363000
Taxes/Assessments
55,227
60,536
320000
Total licenses/Permits
339
150
330000
Total intergovernmental
3,648
3,107
370000
Total investment
43,568
500
TOTAL REVENUE
$ 186,278
$ 99,628
EXPENDITURES:
490100
G.O. bond principal
55,000
55,000
G.O. bond interest
2,805
2,805
G.O. bond agent fees
250
250
490300
S.I.D. bond principal
56,449
56,945
S.I.D. bond interest
88,317
89,536
S.I.D. bond agent fees
100
200
490000
TOTAL debt service
$ 202,921
$ 204,636
Excess revenues over
(under) expenditures
(16,643)
Fund Balance July 1, 1999
62,662
Residual equity transfers
0
Fund Balance June 30, 2000
$ 46,019
69
III. Financial Statements - by Fund type
C. Individual Statement - by Fund type
4. Capital Project Funds
a. Combining Balance Sheet
b. Statement of Revenues, Expenditures
and Changes in Fund Balance
70
ASSETS:
10100 Cash/Investments
13165 Due from E.D.A.
TOTAL ASSETS
LIABILITIES:
20200 Accounts payable
21101 Due to General Fund
21186 Due to UDAG Fund
TOTAL LIABILITIES
CITY OF KALISPELL
CAPITAL PROJECT FUNDS
ALL FUNDS - COMBINING BALANCE SHEET
June 30, 2000
4188
WESTSIDE TIF
CAPITAL PROJECT
STREAM
$ 97,000
500,000
4290
1999 Walk & Curb
Construction
$ 597,000 $ 0
$ 97,000
$ 2,373
500,000
$ 597,000 $ 2,373
FUND EQUITY
27100 Fund balance 0 (2,373)
TOTAL LIABILITIES
AND FUND BALANCE $ 597,000 $ 0
71
TOTAL
CAPITAL
PROJECT FUNDS
$
97,000
500,000
$
597,000
$
$
97,000
2,373
500,000
$
599,373
(2,373)
$ 597,000
JUNE 30, 2000
REVENUES:
331040 E.D.A. GRANT
TOTAL REVENUES
EXPENDITURES:
430240 Public Works
Capital Improvements
470330 Conmunuty Development
Building
TOTAL EXPENDITURES
Revenues over (under) expenditures
Other financing sources (uses):
Proceeds of Urban Renewal Bonds
S & C Warrant Proceeds
Revenue and other financing
sources over (under) expenditures
and other financing uses
Fund Balance July 1, 1999
Fund Balance June 30, 2000
CITY OF KALISPELL
CAPITAL PROJECT FUNDS -ALL FUNDS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
4188 BUDGET 4290 BUDGET
WESTSIDE TIF AFTER 99 Walk & Curb AFTER
CAPITAL PROJECT TRANSFERS Construction TRANSFERS
STREAM
TOTAL
BUDGET
ACTUAL AFTER
TRANSFERS
$ 500,000 $
500,000
$ 500,000 $
500,000
0
0
0
500,000
500,000
500,000
500,000
4,142
25,000
4,142
25,000
3,000,000
3,000,000
3,000,000
3,000,000
4,142
25,000
3,000,000
3,000,000
3,004,142
3,025,000
(2,500,000)
(2,500,000)
(4,142)
(25,000)
(2,504,142)
(2,525,000)
2,500,000
2,500,000
2,500,000
2,500,000
1,769
25,000
1,769
25,000
0
0
$ 0
0 (2,373) 0 (2,373) 0
0 0
$ (2,373) $ (2,373)
72
III. Financial Statements - by Fund type
C. Individual Statement - by Fund type
5. Enterprise Funds
a. Combining Balance Sheet
b. Statement of Revenues, Expenditures
and Changes in Retained Earnings
C. Statement of Cash Flows
73
CITY OF KALISPELL
ENTERPRISE FUNDS - ALL FUNDS
COMBINING BALANCE SHEET
June 30, 2000
5210
5310
5410
5510
ASSETS
WATER
SEWER
AMBULANCE
GARBAGE
TOTAL
Current Assets:
10100
Cash - unrestricted
$ 664,361 $
975,843 $
94,547 $
221,609 $
1,956,360
10120
Cash -replacement
780,836
1,094,271
103,430
234,055
2,212,592
10180
Cash -Sinking & interest
2,800
918 f
3,718
10130
Cash -Bond Reserve
106,000
686,437 V
792,437
10132
Cash -Invest R & D
41,934
41,934
10135
Cash -Operating Reserve
106,500 r
106,500
10125
Cash -Replacement /Evergreen
1,447,521
1,447,521
10100
Cash -Capital Improvement
1,064,973
1,064,973
10100
Cash -Storer Maintenance
650,919
650,919
Total Cash
1,553,997
6,069,316
197,977
455,664
8,276,954
Receiva bles:
11800
Assessments Receivable
26,222
31,919
58,141
12200
Accounts Receivable
69,752
159,453
141,614
370,819
13230
Due from County
32,877
42,638
75,515
15200
Operating Inventory
102,549
102,549
Total Current Assets
1,726,298
6,287,868
339,591
530,221
8,883,978
Property, Plant & Equipment:
18100
Land
248,063
248,063
18200
Buildings & Structures
316,731
316,731
18600
Machinery & equipment
426,626
290,849
901,956
1,619,431
18800
Construction in Progress
81,237
138,897
220,134
18910
Source of Supply
347,709
347,709
18920
Pumping plant
1,431,656
1,431,656
18930
Treatment Plant
14,579,942
14,579,942
18940
Transmission & Distribution
8,667,175
8,464,980
17,132,155
18950
General Plant/buildings
644,078
575,387
1,219,465
18960
Storm Sewer System
4,107,913
4,107,913
Total Property, Plant & Equipment
11,171,855
28,541,808
290,849
1,218,687
41,223,199
less Accumulated Depreciation
(3,695,432)
(10,798,947)
(196,442)
(716,013)
(15,406,834)
Net Property & Equipment
7,476,423
17,742,861
94,407
502,674
25,816,365
TOTAL ASSETS
$ 9,202,721 $
24,030,729 $
433,998 $
1,032,895 $
34,700,343
74
ENTERPRISE FUNDS - ALL FUNDS
COMBINING BALANCE SHEET
June 30, 2000
5210
5310
5410
5510
LIABILITIES AND FUND EQUITY
WATER
SEWER
AMBULANCE
GARBAGE
TOTAL
Current Liabilities:
20200
Accounts Payable
$ 41,398 $
179,326 $
10,733 $
15,717 $
247,174
Subtotal current liabilities
->
Noncurrent Liabilities:
23100
Bonds Payable
855,000
2,660,000
3,515,000
23100
SRF Loan Payable
2,783,000
2,783,000
23625
Board of Investment Loans
34,333
68,667
145,000
248,000
23900
Comp. Absences Payable
37,015
50,307
32,896
25,964
146,182
Subtotal long-term
liabilities
926,348
5,561,974
32,896
170,964
6,G92,182
TOTAL LIABILITES
-
FUND EQUITY:
26300
Contributed Capital
From Government
196,778
6,294,283
6,491,061
From SID's
107,587
242,515
350,102
From Developers
2,290,822
2,442,814
4,733,636
From Tax Increment
698,815
1,186,069
1,884,884
Subtotal Contributed Capital
- 9,683
25000
RETAINED EARNINGS:
Reserve for Inventory
102,549
102,549
Reserve sinking & int.
Reserve Revenue Bond
2,800
106,0001
918 -
686,437-'
3,718
792,437
Reserve Capital Improv./Construction
1,106,907 /
1,106,907
Reserve for Operations
Reserve for wwtp replacement/Evergreen
106,500 -
1,447,521 --
106,500
1,447,521
1,875,108
Reserve Replace & Depr.
780,837
1,094,271
694,794
Reserve Storm Maint.
694,794
27200
Unreserved Retained Earnings
Designated for Replacement
103,430
234,055
337,485
Undesignated Retained Earnings
3,948,787
2,986,400
286,939
612,158
7,834,284
TOTAL RETAINED EARNINGS
4,940,973
8,123,748
390,369
846,213
14,301,303
TOTAL LIABILITIES AND FUND EQUITY
$ 9,202,721 $
24,030,729 $
433,998 $
1,032,895 $
34,700,343
75
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES
IN RETAINED EARNINGS - ALL ENTERPRISE FUNDS
OPERATING REVENUE:
340000
Charge for Water/Sewer
340000
Charge for services
360000
Miscellaneous
360000
Special Assessments
TOTAL OPERATING REVENUE
OPERATING EXPENSES:
100 Personal Services
200 Supplies
300 Purchased Services
400 Building Materials
500 Fixed chgs./Admin transfers
810 Loss/bad debt
830 Depreciation
TOTAL OPERATING EXPENSES
Operating Income (loss)
NON -OPERATING REV.(EXP).
343000 Hookups
371010 Interest Revenue
490000 Debt Service Interest
Total Non -Operating Revenue(expense)
NET INCOME (LOSS)
Add depreciation on property and equipment
acquired with capital contributions
Increase (decrease) in Retained Earrings
Retained earnings - 7/1/99
Prior Period Adjustments
Retained earnings - 6/30/00
June 30, 2000
WATER SEWER AMBULANCE GARBAGE TOTAL
$ 968,960a $ 2,190,148
$ 3,159,108
22,056
658,504 430,063 1,110,623
152 ,�
2,203 2,355
255,021
3,517 258,538
991,168 2,445,169
660,707 433,580 4,530,624
403,067
557,179
299,025
261,758
1,521,029
17�3
38,830
14,525
14,239l
85,497
167,299
430,156
62,746
18,089
678,290
19,386
4,509
23,895
83,970
200,274
40,937
72,194
397,375
1,151
2,106
236,932
4,332
244,521
249,82i p
1,145,436
34,378
67,735
1,497,374
942,601,
2,378,490
688,543
438,348
4,447,982
48,567 66,679 (27,836) (4,768) 82,642
93,154
215,262
308,416
86,320
359,789
8,803 22,214 477,126
(50,038)
(303,187)
(346) (353,571)
129,436
271,864
8,803 21,868 431,971
178,003 338,543 (19,033) 17,100 514,613
97,289 563,671 $0 $0 660,960
275,292 902,214 (19,033) 17,100 1,175,573
4,667,181 7,224,534 409,402 829,113 13,130,230
(1,500) (3,000) (4,500)
$4,940,973 $8,123,748 $390,369 $846,213 114,301,303
76
CITY OF KALISPELL
JUNE 30, 2000
COMBINED STATEMENT OF CASH FLOWS
WATER
SEWER
AMBULANCE
GARBAGE
TOTAL
FUND
FUNDS
FUND
FUND
FUNDS
Cash flows from Operating Acitivies:
Cash Received From Customers
$965,699
$2,185,804
$498,197
$3,649,700
Cash Received From Assessments
$257,014
$448,294
$705,308
Cash Payments to Suppliers for Goods & Services
($282,980)
($677,840)
($111,352)
($104,626)
($1,176,798)
Cash Payments to Employees for Services
($402,160)
($562,820)
($285,685)
($272,678)
($1,523,343)
Cash From Other Operating Revenues
$22,208
$0
$2,203
$24,411
Net Cash Provided by Operating Activities
$302,767
$1,202,158
$103,363
$70,990
$1,679,278
Cash Flows From Capital and Related Financing
Activities:
Acquisition and Construction of Capital Assets
($197,017)
($197,341)
($9,317)
($184,865)
($588,540)
Board of Investment loans
$34,333
$68,667
$1.45,000
$248,000
Principal Paid on Debt Service
($55,000)
($384,000)
($439,000)
Interest Paid on Debt Service
($50,038)
($303,188)
($346)
($353,572)
Cash Received From Hookups
$91,654
$212,262
$303,916
Net Cash Used for Capital and Related
Financing Activities
($176,068)
($603,600)
($9,317)
($40,211)
($829,196)
Cash Flows From Investing Activities:
Interest on Investments
$86,320
$359,790
$8,803
$22,214
$477,127
Advance to other funds net of repayments
$6,010
$6,010
Purchase of Sidewalk and Curb Warrants
($1,769)
($1,769)
Redemption of Sidewalk and Curb Warrants
$11,844
$11,844
Net Cash Used in Investing Activities
$86,320
$369,865
$8,803
$28,224
$493,212
Net Increase in Cash and Cash Equivalents
$213,019
$968,423
$102,849
$59,003
$1,343,294
Cash and Cash Equivalents at July 1, 1999
$1,340,977
$5,058,959
$95,128
$396,661
$6,891,725
Cash and Cash Equivalents at June 30, 2000 �nL�
$1,553,996
$6,027,382
$197,977
$455,664
$8,235,019
Note: Water Fund non cash developers' contributions were $ 16,428
Tax Incremen co
Sewer/storm developers' com-tibutions were $59,092 mid $ 484,267 from Tax Increment Districts.
77
CITY OF KALISPELL
COMBINED STATEMENT OF CASH FLOWS-con't.
JUNE 30, 2000
Reconciliation of Operating Income to Net Cash
Provided by Operating Activities:
Operating Income
Adjustments to Reconcile Operating Income to
Net Cash Provided by Operating Activities:
Depreciation
Bad Debt Expense
Change in Assets and Liabilities:
Decrease (Increase) in Accounts Receivable
Decrease (Increase) in Assessments Receivable
Decrease (Increase) in Inventory
Increase (Decrease) in Accounts Payable
Increase (Decrease) in Compensated Absences
Net Cash Provided by Operating Activities
Disclosure of Accounting Policy:
For purposes of the statement of cash flows, the Enterprise Funds
consider all highly liquid investments (including restricted assets)
with a maturity of three months or less when purchased to be
cash equivalents.
WATER SEWER AMBULANCE GARBAGE TOTAL
FUND FUNDS FUND FUND FUNDS
$48,567 $66,679 ($27,836) ($4,768) $82,642
$249,825
$1,145,436
$34,378
$67,735
$1,497,374
$1,151
$2,106
$195,232
$198,489
($3,261)
($4,344)
($118,614)
$4,228
($121,991)
$1,993
$14,714
$16,707
$5,243
$5,243
$335
($4,071)
$6,862
$3,126
$907
($5,641)
$13,341
($10,919)
($2,312)
$302,767
$1,202,158
$103,363
$70,990
$1,679,278
78
III. Financial Statements - by Fund type
C. Individual Statement - by Fund type
6. Internal Service Funds
a. Combining Balance Sheet
b. Statement of Revenues, Expenditures
and Changes in Retained Earnings
C. Statement of Cash Flows
79
ASSETS
Current Assets:
10100 Cash - unrestricted
10120 Cash - Replacement
Total Cash
14130 Prepaid Maintenance contracts
18600 Machinery & equipment
18700 less Accumulated Depreciation
Net Property & Equipment
TOTAL ASSETS
LIABILITIES AND FUND EQUITY
Current Liabilities:
20200 Accounts Payable
20820 Est. liability for claims
Subtotal current liabilities
TOTAL LIABILITES
FUND EQUITY:
26300 Contributed Capital -from Gov't.
27200 Unreserved Retained Earnings
Designated for Replacement
Undesignated Retained Earnings
TOTAL RETAINED EARNINGS
TOTAL FUND EQUITY
TOTAL LIABILITIES AND FUND EQUITY
CITY OF KALISPELL
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
June 30, 2000
6030 6050
DATA EMPLOYEE
PROCESSING HEALTH FUND TOTAL
$ 73,207 $ 621,661 $ 694,868
$ 51,339 $ 0 $ 51,339
$ 124,546 $ 621,661 $ 746,207
$ 832 $ 832
$ 210,643 $ 0 $ 210,643
$ (145,063) $ 0 $ (145,063)
$ 65,580 $ 0 $ 65,580
$ 190,958 $ 621,661 $ 812,619
$ 4,293 $ 0 $ 4,293
$ 53,437 $ 53,437
$ 4,293 $ 53,437 $ 57,730
$ 4,293 $ 53,437 $ 57,730
544 $ 0 $ 544
$ 51,339 $ 51,339
$ 134,782 $ 568,224 $ 703,006
$ 186,121 $ 568,224 $ 754,345
$ 186,665 $ 568,224 $ 754,889
$ 190,958 $ 621,661 $ 812,619
80
CITY OF KALISPELL
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES
IN RETAINED EARNINGS - ALL INTERNAL SERVICE FUNDS
June 30, 2000
OPERATING REVENUES
335000 Intergovernmental revenue
340000 Internal services
360000 Misc.
TOTAL OPERATING REVENUES
OPERATING EXPENSES
100
Personal Services
200
Supplies
300
Purchased Services
500
Fixed chgs./Admin transf.
830
Depreciation
TOTAL OPERATING EXPENSES
Operating Income
NON -OPERATING REV.(EXP).
371010 Interest Revenue
Total non -operating revenue(exp)
NET INCOME
Add depreciation on equipment acquired with
capital contributions
Increase in Retained Earnings
27200 Retained earnings- July 1, 1999
Prior Period Adjustment
Retained earnings- June 30, 2000
81
DATA EMPLOYEE
PROCESSING HEALTH TOTAL
FUND FUND FUNDS
$ 65,730 $ 65,730
$ 52,470 $ 775,763 $ 828,233
$ 56 $ 56
$ 118,256 $ 775,763 $ 894,019
$
0
$
0
$
7,445
$
7,445
32,787 $
821,504 $
854,291
$
18,379
$
18,379
$
54,650
$
54,650
$
113,261 $
821,504 $
934,765
$
4,995 $
(45,741) $
(40,746)
$
6,712
$
35,986
$
42,698
$
6,712
$
35,986
$
42,698
$
11,707
$
(9,755)
$
1,952
$ 12,292 $ 0 $ 12,292
$ 23,999 $ (9,755) $ 14,244
$ 162,122 $ 577,979 $ 740,101
$ 186,121 $ 568,224 $ 754,345
CITY OF KALISPELL
INTERNAL SERVICE FUNDS - STATEMENT OF CASH FLOWS
June 30, 2000
Cash flows from Operating Activities:
Cash received from Internal Services
Cash payments to suppliers
Cash from other revenue sources
Net cash provided by operating activities
Cash flows from Capital and related financing activates:
Acquisition of capital assets
Net cash used for capital and related financing activites
Cash flows from investing activities:
Interest on Investments
Net cash used in investing activities
Net Increase in cash & cash equivalents
Cash & cash equivalents at July 1, 1999
Cash & cash equivalents at June 30, 2000
Reconciliation of operating income to net cash
provided by operating activities:
Operating Income
Adjustments to reconcile operating income
to net cash provided by operating activities:
Depreciation
Change in assets & liabilities:
Increase in Accounts payable
Decrease in Prepaid Maintenance
Decrease in Estmated Liability
Net cash provided by operating activities
DATA EMPLOYEE TOTAL
PROCESSING HEALTH FUND
$52,470
$775,763 $828,233
($58,378)
($793,067) ($851,445)
$65,786
$65,786
$59,878
($17,304) $42,574
($31,998) $0 ($31,998)
($31,998) $0 ($31,998)
$6,712 $35,986 $42,698
$6,712 $35,986 $42,698
$34,592 $18,682 $53,274
$89,954 $602,979 $692,933
$124,546 $621,661 $746,207
$4,995 ($45,741) ($40,746)
$54,650 $54,650
$122 $122
$ill $111
$28,437 $28,437
$54,883 $28,437 $83,320
$59,878 ($17,304) $42 574
Disclosure of accounting policy: For purposes of the Statement of Cash Flows, the Internal Service Funds consider all highly liquid
investments (including restricted assets) with a maturity of three months or less when purchased to be cash equivalents.
82
III. Financial Statements - by Fund type
C. Individual Statement - by Fund type
7. Trust and Agency Funds
a. Combining Balance Sheet
83
ASSETS:
10000 Cash/Investments
TOTAL ASSETS
LIABILITIES:
20000 Short-term payable
TOTAL LIABILITIES
CITY OF KALISPELL
TRUST AND AGENCY FUNDS
June 30, 2000
7910
7940
Payroll
Performance
Clearing
Bonds
$87,923 $1,000
$87,923 $1,000
$87,923 $1,000
$87,923 $1,000
TOTAL
$88,923
$88,923
$88,923
$88,923
84
III. Financial Statements - by Fund type
C. Individual Statement - by Fund type
8. Group Accounts
a. Statement of Changes in General Fixed Assets
-by Source
b. Statement of Changes in Long-term Debt
85
BALANCE
July 1, 1999
Additions from:
CITY OF KALISPELL
GENERAL FIXED ASSETS
STATEMENT OF CHANGES ON GENERAL FIXES ASSETS - by source
18100 18200 18400 18600
LAND BUILDINGS IMPROV.OTHER MACHINERY TOTAL
THAN BUILDINGS & EQUIPMENT
S 1,604,686 $ 7,166,034 $ 3,257,141 $ 2,918,815 $ 14,946,676
General Fund $
24,900 $
23,975 $ 291,564 S
340,439
Special Revenue Funds S 270,430 S
2,506,898 $
196,014 S 177,777 $
3,151,119
Donations $
20,000
$ 22,395 S
42,395
Grants $
500,000
$ 86,363 $
586,363
TOTAL ADDITIONS $ 270,430 S 3,051,798 S 219,989 $ 578,099 S 4,120,316
Deduct:
Disposition of fixed assets S (101,683)
S
(145,263) $
(246,946)
TOTAL DEDUCTIONS S (101,683) $ 0 S 0 $ (145,263) $ (246,946)
BALANCE
June 30, 2000 $ 1,773,433 S 10,217,832 $ 3,477,130 $ 3,351,651 $ 18,820,046
86
CITY OF KALISPELL
LONG TERM DEBT GROUP OF ACCOUNTS
STATEMENT OF CHANGES IN LONG-TERM DEBT
ASSETS:
17310
Amount available for G.O. Debt
17320
Amount available for SID debt
17330
Amount available for Stream debt
17410
Amount to be provided G.O. debt
17420
Amount to be provided SID debt
17430
Amount to be provided STREAM
17480
Amount to be provided TIF BOND
17400
Amount to be provided/other debt
TOTAL ASSETS
June 30, 2000
Balance
Additions
Balance
July 1, 1999
(Deductions)
June 30, 2000
$19,857
($19,857)
$0
$58,429
($20,450)
$37,979
$0
$9,341
$9,341
$35,143
($35,143)
$0
$229,650
($4,727)
$224,923
$0
$2,490,659
$2,490,659
$655,000
($200,000)
$455,000
$1,039,513
$258,378
$1,297,891
$2,037,592 $2,478,201 $4,515,793
DEBT PAYABLE:
23100
G.O. Bond payable
$55,000
($55,000)
$0
23280
Urban Renewal Bonds
$655,000
($200,000)
$455,000
23180
SID Bonds payable
$288,080
($25,177)
$262,903
23620
Board of Housing Loan
$255,024
($4,313)
$250,711
23625
Board of Investments -Equip Loans
$228,597
$228,597
23630
Board of Investments -Stream Loan
$2,500,000
$2,500,000
23900
Compensated Absenses payable
$784,489
$34,093
$818,582
TOTAL DEBT PAYABLE
$2,037,593
$2,478,200
$4,515,793
87
IV. Supplemental Schedules
A. 10 year history of taxable valuation
B. General Statistical Information
C. Tax Levy Requirements Schedule
88
10 YEAR HISTORY
OF TAXABLE VALUATION
1999/2000 $21,338,655
1998/1999 $21,171,715
1997/1998 $21,473,297
1996/1997 $20,799,501
1995/1996 $20,224,154
1994/1995 $19,391,590
1993/1994 $19,093,874
1992/1993 $16,664,525
1991 / 1992 $16,346,409
1990/1991 $15,703,078
89
CITY OF KALISPELL
GENERAL STATISTICAL INFORMATION
Class of City
County Located In
Year Organized
Registered Voters
Population of City
Form of Govermnent
No. of Employees (Elected)
No of Employees (Non -Elected)
First
Flathead County
1892
<6,242 active
4,176 inactive
16,089 .
�=
Manager/Council
10
144.5 (�
Miles of Streets & Alleys 95
Municipal Water/Sewer—/
Number of Consumers 5,987
1
i
Water Rate per 1,000 Gallons $1.26 ;'
Sewer Rate per 1,000 Gallons $2.98
Customer service costs $2.65 each per billing period
90
City of Kalispell
Budgets
F/Y 2000
Tax Levy Requirements Schedule
Taxable Valuation $21,338,655
One Mill Yields $21,339
Fund
FY2000
Appropriation
Anticpated
Reserves
6/30/00
Total
Requirements
Available
Cash 7/l/99
Non -tax
Revenues
Tax
Revenues
Total
Requirements
Mills
1000 General
$4,791,342
$766,254
$5,557,596
$1,047,564
$2,902,974
$1,607,058
$5,557,596
69.54
2360 Comprehensive Ins.
$316,570
$129,565
$446,135
$186,612
$21,871
$237,652
$446,135
10.28
2370 Retirement
$352,735
$149,119
$501,854
$140,710
$28,632
$332,512
$501,854
14.39
2380 Health Insurance
$452,493
$200,077
$652,570
$187,542
$37,819
$427,209
$652,570
18.50
3010 G.O. Bond
$58,055
$894
$58,949
$19,857
$3,757
$35,335
$58,949
1.54
TOTAL $5,971,195 $1,245,909 $7,217,104 $1,582,285 $2,995,053 $2,639,766 $7,217,104 114.25
N