Financial Report Fiscal 2001CITY OF KALISPELL
ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
I. Letter of Transmittal................................................................................................................................................... 1-4
H. 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.............................................................................................................................. 14-47
C. Individual Statements by Fund type
1. General Fund................................................................................................................................................
48-52
2. Special Revenue Funds................................................................................................................................
53-69
3. Debt Service Funds......................................................................................................................................
70-79
4. Capital Project Funds..................................................................................................................................
80-82
5. Enterprise Funds..........................................................................................................................................
83-88
6. Internal Service Funds................................................................................................................................
89-92
7. Agency Funds...............................................................................................................................................
93-94
8. Group Accounts............................................................................................................................................
95-97
IV. Supplemental schedules
A. 10 year History of Taxable Valuation............................................................................................................ 98-99
B. General Statistical Information...................................................................................................................... 100
C. Tax Levy Requirements Schedule.................................................................................................................. 101
ffissalng�
Incorporated 1892
Telephone (406) 758-7700
FAX (406) 758-7758
Post Office Box 1997
Kalispell, MT
Zip 59903-1997
December 12, 2001
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, 2001, 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 $10,937,726 in FY 2001 an increase of 5.92% from the 2000 fiscal year. This includes General, Special Revenue,
Debt Service and Capital Project Funds.
FY2001
Percent
increase or
Percent
Revenue
of FY2001
(decrease) FY00
increase or decrease -
Taxes/Assessments
$ 4,429,943
40.50 %
$ (620,486)
-12.29 %
Licenses/Permits
522,917
4.78 %
63,261
13.76 %
Intergovernmental
3,697,442
33.80 %
626,410
20.40 %
Charges for Services
893,572
8.17 %
29,940
3.47 %
Fines and Forfeitures
386,341
3.53 %
6,824
1.80 %
Investment Earnings
838,357
7.66 %
445,239
113.26 %
Other Revenue
169,154
1.55 %
59,865
54.78 %
Total
$ 10,937,726
100.00 %
$ 611,053
5.92 %
Taxable valuation of $21,153,794 represents a decrease from the prior year valuation, which was $21,338,655. The mills levied for FY2001 were 122 which will generate
the same revenue as the prior year levy exclusive of new construction. The total 5.92% increase in revenues is primarily due to investment earnings increasing over 100%.
These increased revenues were the result of higher interest being paid by STIP, along with more funds being invested. Licenses/Permits revenue and Other (misc.) revenue
also contributed to the increase. The Licenses/Permits revenue increase was mainly due to the new vehicle/motorcycle registration fee system implemented by the State.
Other (misc.) revenue was up because of a Fire Equipment Fund Raiser and an increase in the contribution received from Kidsport. Reduced tax revenue primarily in the
Tax Increment Districts was replaced by intergovernmental revenue -personal property reimbursements.
Allocations of property tax levy by purpose for FY2001 and the proceeding five fiscal years are as follows - stated in mills:
P ose
FY01
FY00
FY99
FY98
FY97
FY96
General Fund
76.25
69.54
67.66
74.66
65.94
59.94
Comp. Insurance
12.86
10.28
9.00
10.00
13.22
12.22
Retirement
14.39
14.39
14.00
13.00
15.00
13.34
Health
18.50
18.5
18.00
16.00
19.50
19.50
G. O. Bond
1.54
2.50
2.50
2.50
2.00
Gov't Study Commission
1.00
Total
122
114.25
111.16
116.16
116.16
108.00
Expenditures for general governmental purposes totaled $10,314,369, a decrease of 24.04% or $3,263,763 from 2000. General Fund expenditures decreased by $20,270
while Special Revenue funds decreased by $485,773. Debt service funds increased $200,620. Capital Project Funds decreased by $2,958,340 due to the Capital Project
Fund for the purchase of Gateway Mall and the Stream, Inc. redevelopment project being responsible for $3,000,000 in FY00. General Government expense increases of
$74,179 related to the addition of personnel in the Finance Department, an increase in the cost of legal fees for the City Court, the rising cost to heat City Hall (natural gas),
and higher telephone/communications costs. Public Safety Expenditures increased by $80,483, partially due to the implementation of a new contract for the KPD. Public
Works expenditures increased by $300,312. Some of this increase can be attributed to the reconstruction of Sunnyview Lane. General Fund Parks and Recreation
expenditures were up $47,289 for the year, this increase can be partially attributed to a full year of lease payments on the ball field, and more wages being paid at the pool.
Capital Project funds reflect a decrease in capital expenditures of the Westside Tax Increment District due to the completion of the Stream project. Expenditures include
the General Fund, Special Revenue, Debt Service and Capital Project Funds.
Percent
FY2001 amt.
% FY01 Total
Increase (decrease)
Increase(decrease)
General Government
$ 1,010,690
9.80 %
$ 74,179
7.92 %
Public Safety
3,422,810
33.18 %
80,483
2.41 %
Public Works
1,699,238
16.47 %
300,312
21.47 %
Parks & Recreation
862,953
8.37 %
139,593
19.30 %
Community Development
1,583,421
15.35 %
(435,727)
-21.58 %
Misc.(Insurance)
242,662
2.35 %
(44,770)
-15.58 %
Capital Outlay
773,633
7.50 %
(3,596,991)
-82.30 %
Debt Service
718,962
6.97 %
219,158
43.85 %
Total
$ 10,314,369
100.00 %
$ (3,263,763)
-24.04 %
Debt Administration
$1,798,275 of Special Assessment Bonds are outstanding. This increase of $1,535,373 is attributable to the sale of $1,581,500 for the Sunnyview SID. $240,000 of
Urban Renewal Bonds payable by the Tax Increment District (not general obligations of the City) are outstanding. The City's debt related to the purchase of a portion of
Gateway West Mall is $2,313,042. Governmental funds also are responsible for $276,772 in Montana Board of Investment Intercap loans for equipment, an increase of
$48,174 due to the purchase of a boom truck and leaf mulcher.
Cash Management
The City's demand deposits are interest bearing money market accounts. Interest income recorded by all governmental funds totaled $838,357; interest earned by
Proprietary funds (Enterprise & Internal Service funds) operating funds was $476,913. 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. $2,315 in Sidewald & Curb
warrants were issued this year. A capital Project fund was used for the Sunnyview Project which included the sale of $1,581,500 worth of SID bonds.
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, 2001, the general fixed assets of the City amounted to $18,485,381. 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 FY2001, the water system assets were increased by $1,420,122. The majority of the costs of the new assets were incurred putting
new roofs on the two reservoirs and installing new water main from Center Street to Sunset Blvd on Main Street.
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 $474,849. 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 $80 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 SB184, the ability of the City to raise
revenue for basic services is increasingly difficult. The legislature, with SB184, 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 operations. 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, 2001 for the fiscal year then ended.
Res ctfully submitted,
Date City Accountant
CITY OF KALISPELL
JUNE 30, 2000
H. 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 IH
1/1/2002
Ron Van Natta
Ward I
1/1/2002
Randy Kenyon
Ward IH
1/1/2004
Fred Leistiko
Ward II
1/1/2004
M. Duane Larson
Ward IV
1/1/2004
Dale Haarr
Ward H
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
Randy Brodehl
Finance Director
Amy Robertson
City Judge
Heidi Ulbricht
a
Public Works Director
James Hansz
Parks Director
Michael Baker
Community Development Director
Susan Moyer
City Accountant
Rick Wills
S
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 -Budget v. Actual
-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
0
CITY OF KALISPELL
Combined Balance Sheet - All Fund Types and Account Groups
.June 30, 2001
Governmental
Fund Types
Proprietary
Funds
Fiduciary
Account Groups
TOTALS
COMrONFM
TOTALS
(Memorandum
UNl,l,
(Memorandum
General General
only)
Proprietary
only)
General Special
Debt Capital
Enterprise
Internal
'Trust and
Fixed Long-term
Primary
fund type
Reporting
Fund Revenue
Service Projects
Funds
Service
Agency
Assets Debt
Government
Parking
Entity
ASSETS AND OTHER DEEM I S
Assets:
Cash/investments S
1,165,861 $ 4,898,398
$ 188,533 $ 1,351,720
$ 8,201,919
$ 603,176
S 104,017
S 16,513,624
$ 47,962 S
16,561,586
Receivables:
'faxes
S211,432 261,646
14,710
487,788
487,788
Special Assessments
340 41,459
208,597
55,592
305,988
305,988
Payment in Lieu
9,463
9,463
11,6 3i
9,463
Accounts
476,464
476,464
487,344
Due from other governments 181,752
710,968 58,618
80,576
1,031,914
1,031,914
Due from other funds 1,279
12,041
13,320
13,320
Advance to other funds
75,000
75,000
75,000
Inventories
96,367
96,367
96,367
Loans receivable
2,333,887
2,333,887
2,333,887
Accrued Interest Rec.
70
70
70
Prepaid expenses
55,378
55,378
55,378
Fixed assets (net of accumulated
depreciation, where applicable)
26,579,176 100,288 S 18,538,762
45,218,226 17,267
45,235,493
Other debits:
Amount Available in Debt funds
247,151
247,151
247,151
Amount to be provided for retirement
of general long-term debt
5,484,249
5,484,249 "I i'7 a t0
f d,424,998
5,484,249
Total Assets and other debits $ 1,560,664 $
8,376,806 $ 491,962 $
1,351,720 $ 35,490,094 $ 703,464 $ 104,017 $ 18,538,762 $ 5,731,400 $
72,348,889 $ 1
See accompanying Notes to Financial Statements
7(amended)
CITY OF KALISPELL
Combined Balance Sheet - All Fund Types and Account Groups
June 30, 2001
Governmental
Fund Tunes
Proprietary
Funds
Fiduciary
Account Groups
TOTALS
COMPONENT
TOTALS
(Memorandum
UNIT
(Memorandum
General General
only)
Proprietary
only)
General
Special
Debt
Capital
Enterprise
Internal
Trust and
Fixed Long-term
Primary
fund type
Reporting
Fund
Revenue
Service
Projects
Funds
Service
Agency
Assets Debt
Government
Parking
Entity
LIABILITIES, EOUITY &
OTHER CREDITS
Liabilities:
Accounts payable $
76,658
S 122,763
$
11,606 $
167,979
$ 4,931
S 104,017
$ 487,954
$ 1,903
$ 4897857
Payroll payable
41,554
4,285
45,839
45,839
Purchase contract
11,107
11,107
11,107
Retainage payable
3,281
3,281
3,281
Due to other funds
75,000
12,041
1,279
88,320
88,320
Est. liability for claims
124,219
124,219
124,219
Deferred revenue
211,771
2,635,716
232,771
3,080,258
3,080,258
Liabilities payable from
Restricted assets:
Special assessment debt with
government commitment
1,798,275
1,798,275
1,798,275
Urban renewal bonds payable
240,000
240,000
240,000
Revenue bonds payable
3,230,000
3,230,000
3,230,000
SRF loan payable
3,260,433
3,260,433
3,260,433
Captialleases/loans payable
249,497
2,835,946
3,085,443
3,085,443
Deferred compensation payable
169,816
857,179
1,026,995
4,593
1,031,588
Total Liabilities $
329,983
$ 2,852,152
$ 244,812 $
12,885 $
7,077,725
$ 129,150
$ 104,017
$ 0 $ 5,731,400
$ 16,482,124
$ 6,496
$ 16,488,620
Equity and other credits:
Investment in general fixed assets
18,538,762
18,538,762
18,538,762
Contributed capital
13,148,921
13,148,921
13,148,921
Retained earnings:
Designated for replacement
150,525
28,339
178,864
Reserved
6,556,175
6,556,175
6,556,175
Unreserved
8,556,748
545,975
9,102,723
9,102,723
Fund Balances:
Reserved
Unreserved
241,380 247,150
1,230,681 5,283,274
1,338,835
488,530,r
7,852,790
(�`) i
,
7,92222,40303
Total Equity and other credits $
1,230,681 $ 5,524,654 $ 247,150 $
1,338,835 $ 28,412,369 $
574,314 $ 0 $ 18,538,762 $
0 $ 55,866,765 $
69,613 $
55,936,378
Total Liabilites and Fund Equity $
1,560,664 $ 8,376,806 $ 491,962 S
1,351,720 $ 35,490,094 $
703,464 S 104,017 $ 18,538,762 $
5,731,400 $ 72,348 889 $
S
72,424,998
8(amnded)
CITY OF KALISPELL
ALL GOVERNMENTAL FUNDS
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
June 30, 2001
GOVERNMENTAL FUND TYPES
Special
Debt
Capital
Account
Description
General
Revenue
Service
Projects TOTALS
(Memorandum Only)
Revenues:
310000
Taxes/assessments
$ 1,704,359 $
2,508,408 $
217,176
$ 4,429,943
320000
Licenses and permits
177,476
345,349
92
522,917
330000
Intergovernmental
1,571,158
1,994,603
166,681
3,732,442
340000
Charges for services
879,585
108,921
1,345 989,851
350000
Fines and forfeitures
386,341
5,324
391,665
360000
Miscellaneous revenue
87,302
70,249
157,551
370000
Investment earnings
224,985
428,112
60,260
713,357
Total Revenue
5,031,206
5,460,966
444,209
1,345 10,937,726
Expenditures:
410000
General government
901,080
109,610
1,010,690
420000
Public safety
2,409,829
1,012,981
3,422,810
430000
Public works
541,889
1,157,349
1,699,238
460000
Culture and recreation
654,806
208,147
862,953
470000
Housing/community development
1,583,421
1,583,421
510M
Miscellaneous
565
242,097
242,662
900obj
Capital outlay
154,730
573,101
45,802 773,633
490000
Debt service
30,769
284,652
403,541 718,962
Total Expenditures
4,693,668
5,171,358
403,541 45,802 10,314,369
Excess Revenues over (under) expenditures
337,538
289,608
40,668
(44,457)
623,357
Other Financing Sources (Uses):
380M Sale of assets land
55,100
89,387
144,487 d
381000 Inception of Lease/proceeds
31,250
57,700
1,583,815
1,672,765
383000 Transfer in
40,000
153,790
158,150
351,940
521000 Transfers (out)
(153,790)
(198,150)
(351,940)
Excess revenues and other sources over
(under) expenditures and other uses
310,098
590,485
198,818
1,341,208
2,440,609
Fund Balance July 1, 2000
Prior Period Ad j
907,446
4,935,319
(1,150)
61,469
(2,373)
5 901,86
l /V
Residual equity transfer in (out)
13,137
(13,137)
0
0
Fund Balance June 30, 2001
$ 1,230,681 $
5,524,654 $
247,150 $
1,338,835 $
�z -zz 6
See accompanying Notes to Financial Statements
` °
0
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, 2001 GENERAL FUND SPECIAL REVENUE FUNDS
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 oflease/Loan proceeds
383000
Transfer in
521000
Transfers out
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 2000
Prior Period Adj.
Residual equity transfers in (ou
Fund Balance uneTO, 2001
See- accompanying Notes to Financial Statements
Budget er Budget A er
transfers Actual Variance transfers Actual Variance
$ 1,738,939 $
1,704,360 $
(34,579)
131,176
177,476
46,300
1,422,347
1,571,158
148,811
902,409
879,585
(22,824)
420,000
386,341
(33,659)
89,291
87,301
(1,990)
75,000
224,986
149,986
4,779,162
5,031,207
252,045
930,385
901,080
29,305
2,403,954
2,409,829
(5,875)
571,866
541,889
29,977
639,497
654,807
(15,310)
0
0
0
1,500
565
935
174,535
154,730
19,805
30,626
30,769
(143)
4,752,363
4,693,669
58,694
26,799
337,538
310,739
90,000
55,100
(34,900)
34,500
319250
(3,250)
0
40,000
40,000
(153,699)
(153,790)
(91)
(92,400)
310,098
402,498
907,446
13,137
$
1,230,681
10
$ 2,367,710 $
2,508,408 $
140,698
246,907
345,349
98,442
2,758,625
1,994,603
(764,022)
130,379
108,921
(21,458)
5,000
5,324
324
61,669
70,249
8,580
402,544
428,112
25,568
5,972,834
5,460,966
(511,868)
116,028
109,610
6,418
1,051,721
1,012,981
38,740
1,576,172
1,157,349
418,823
253,315
208,147
45,168
2,144,215
1,583,421
560,794
315,876
242,097
73,779
1,499,671
573,101
926,570
307,723
284,652
23,071
7,264,721
5,171,358
2,093,363
(1,291,887) 289,608 1,581,495
1,831,111 89,387 (1,741,724)
60,000 57,700 (2,300)
153,699 153,790 91
0 0 0
752,923 590,485 (162,438)
4,935,319
(1,150)
$ 5,524,654
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, 2001
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
460M
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 honds/loans
381050 Sale of assets/land
383000 Transfer in
521000 Transfers out
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 2000
Residual equity transfers in (out)
Fund Balance June 30, 2001
See accompanying Notes to Financial Statements .
DEBT SERVICE FUNDS
nuaget After
transfers Actual Variance
$ 309,884 $ 217,176 $ (92,708)
92
40,818 166,681 125,863
188,176 60,260 (127,916)
538,878 444,209 (94,761)
CAPITAL PROJECT FUNDS
Budget er
transfers Actual Variance
$ 0 $ 1,345 $ 1,345
$ 0 1,345 $ 1,345
1,445,350 45,802 1,399,548
405,566 403,541 2,025
405,566 403,541 2,025 1,445,350 45,802 1,399,548
133,312 40,668 (92,736) (1,445,350) (44,457) 1,400,893
$ 0 158,150 158,150
1,606,500 1,583,815 (22,685)
(198,150) (198,150) $ 0
133,312 198,818 65,414 (379000) 19341,208 1,378,208
61,469
(13,137)
$ 247,150
(2,373)
$ 1,338,835
11
CITY OF KALISPELL
COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES
IN RETAINED EARNINGS - ALL PROPRIETARY FUNDS
June 30, 2001
PROPRIETARY FUND TYPES
TOTALS
COMPONENT
TOTALS
(Memorandum Only)
UNIT
(Memorandum
Only)
ENTERPRISE
INTERNAL
Primary
Proprietary
Reporting
FUNDS
SERVICE
Government
fund Parking
Entity
OPERATING REVENUES
340000
Charge for services
$
4,591,079
$
4,591,079
$ 62,318
$
4,653,397
360000
Miscellaneous
4,430
32
4,462
4,462
363000
Special assessments
265,192
265,192
265,192
351000
Fines & forfeitures
0
43,421
43,421
383000
Internal services
960,266
960,266
960,266
TOTAL OPERATING REVENUES
$
4,860,701
$ 960,298 $
5,820,999
$ 105,739
$
5,926,738
OPERATING EXPENSES
100
Personal services
$
1,781,692
$
1,781,692
$ 73,460
$
1,855,152
200
Supplies
100,930
7,243
108,173
11,649
119,822
300
Purchased services
802,257
1,100,625
1,902,882
21,124
1,924,006
400
Building materials
48,940
48,940
48,940
500
Fixed chgs./Admin transfers
433,034
24,508
457,542
4,427
461,969
810
Loss/bad debt
144,400
144,400
144,400
830
Depreciation
1,538,732
51,370
1,590,102
6,648
1,596,750
TOTAL OPERATING EXPENSES
$
4,849,985
$ 1,183,746 $
6,033,731
$ 117,308
$
6,151,039
Operating Income (loss)
10,716
(223,448)
(212,732
(11,569)
(224,301)
NON -OPERATING REVENUE(EXPENSE)
343000
Hookups
$
208,803
$
208,803
$
208,803
371010
Interest revenue
434,039
42,874
476,913
1,325
478,238
490000
Debt service interest
(343,203)
Total Non -Operating Revenues (Expenses)
$
299,639
$ 42,874 $
685,716
$ 1,325
$
687,041
NET INCOME
$
310,355
S (180,574) $
129,781
$
119,537
Add depreciation on assets acquired by contribution
658,793
543
659,336
0
659,336
Increase in Retained Earnings
$
969,148
$ (180,031) $
789,117
S
778,873
Retained earnings - 7/l/00-as previously reported
14,301,303
754,345
15,055,648
80,064
15,135,712
Restatements/prior period adjustments
(7,004)
(7,004)
(7,004)
Retained Earnings-7/1/00 - restated
14,294,299
754,345
15,048,644
80,064
15,128,708
Retained earnings - 6/30/01
$
15,263,447
$ 574,314 $
15,837,761
S 69,820
$
15,907,581
12(amnded)
CITY OF KALISPELL
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
Cash flows from Operating Acitivies:
Cash Received From Customers
Cash Received From Assessments
Cash Payments to Suppliers for goods & services
Cash Payments to Employees for Services
Cash received from Internal Services
Cash From Other Operating Revenues
Net Cash Provided by Operating Activities
Cash Flows From Capital and Related Financing Activities:
Inception of Lease
Acquisition and Construction of Capital Assets
Board of Investment Loans
Principal Paid on Revenue Bonds, Contracts & leases
Interest Paid on Revenue Bonds, Contracts & leases
Cash received from hookups
Net Cash Used for Capital and Related Financing Activities
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, 2000
Cash and Cash Equivalents at June 30, 2001
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
June 30, 2001 TOTALS COMPONENT TOTALS
(Memorandum Only) UNIT (Memorandum Only)
ENTERPRISE INTERNAL Primary Proprietary Reporting
FUNDS SERVICE Government Fund - Parking Entity
3,804,178
3,804,178
95,262
3,899,440
746,501
746,501
746,501
(1,337,001)
(1,061,410)
(2,398,411)
(39,007)
(2,437,418)
(1,758,058)
(1,758,058)
(73,769)
(1,831,827)
903,355
903,355
903,355
50,459
56,943
107,402
10,477
117,879
1,506,079
(101,112)
1,404,967
(7,037)
1,397,930
159,265
159,265
159,265
(2,074,682) (84,794)
(2,159,476) (11,972)
(2,171,448)
501,009
501,009
501,009
(473,768)
(473,768)
(473,768)
(335,780)
(335,780)
(335,780)
208,803
208,803
208,803
(2,015,153) (84,794)
(2,259,212) (11,972)
(2,271,184)
434,038 42,875 476,913 1,325 478,238
(2,315) (2,315) (2,315)
12,474 12,474 12,474
444,197 42,875 487,072 1,325 488,397
(64,877) (143,031) (207,908) (17,684) (225,592)
8,235,019 746,207 8,981,226 65,646 9,046,872
8,170,142 603,176 8,773,318 47,962 8,821,280
6,171 (222,905) (216,734) (11,569) (228,303)
1,543,277 50,827 1,594,104 6,648 1,600,752
196,289 196,289 196,289
(301,934)
(648)
(302,582)
(302,582)
(9,517)
(9,517)
(9,517)
5,180
5,180
5,180
42,980
42,980 (2,735)
40,245
832
832
832
70,782
70,782
70,782
23,633
23,633 619
24,252
1,506,079
(101,112)
1,404,967 (7,037)
1,397,930
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(amended)
III. Financial Statements - con't.
B. Notes to the Financial Statements
14
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
NNE 30, 2001
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 Accountine
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, 2001
Summary of Sienificant AccountinLy 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 financedby 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.
In
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
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. Budget
appropriation transfers may be made between general classifications of salaries and wages, maintenance and operation and capital outlay. Reported budget amounts
represent the originally adopted budget as amended by resolution of the City Council. It is management's responsibility to see that the budget is followed to the
budgetary line item.
The City Council may amend a final budget when shortfalls in budgeted revenues require reductions in approved appropriations to avert deficit spending; when
savings result from unanticipated adjustments in projected expenditures; when unanticipated state or federal monies are received; or when a public emergency occurs
which could not have been foreseen at the time of adoption. The procedure to amend the budget in total can be made only after the City prepares a resolution, notice is
published of a public hearing, and a public hearing is held in accordance with state law.
Encumbrances
All appropriations lapse at the end of fiscal year. The City has chosen not to use encumbrance accounting.
17
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
1. Summary of Sienificant Accounting Policies - con't.
Receivables and Payables
Advances between funds are offset by a fund balance reserve account in applicable governmental funds to indicate they are not available for appropriation and are not
expendable available financial resources.
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. The
City records contributions to enterprise from City, federal and state sources for property acquisitions as contributed capital.
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.
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 entity.
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.
18
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
1. Summary of Significant Accounting Policies - con't.
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, 2001:
Water $ 4,345
Sewer $ 11,546
Ambulance $ 104,923
Inventories and Prepaid Items
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. Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items.
Vacation and Sick Leave
It is the City's policy and state law to permit employees to accumulate a limited amount of earned but unused vacation benefits, which will be paid to employees upon
separation from City service. Employees are allowed to accumulate and carry over a maximum of two times their annual accumulation of vacation, but no more than
90 days into the new calendar year. There is no restriction on the a mount of sick leave that may be accumulated. Upon separation, employees are paid 100 percent of
accumulated vacation and 25 percent of accumulated sick leave. The liability associated with governmental fund -type employees is reported in the general long-term
debt account group, while the liability associated with proprietary fund -type employees is recorded in the respective fund.
Deferred Revenues
Deferred revenue results when asset recognition criteria have been met and when revenue recognition criteria have not been met. These pertain to the net uncollected
property tax and other receivables and are classified as Deferred Revenues on the combined balance sheet.
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.
19
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
NNE 30, 2001
1. Summary of Significant Accounting Policies - con't.
Fund Equity
Reservations of fund balance represent amounts that are not appropriable or are legally segregated for a specific purpose. Reservations of retained earnings are limited
to outside third -party restrictions. The proprietary funds contributed capital represents equity acquired through capital grants and capital contributions from
developers, customers or other funds or governments.
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 warrant
to be cash equivalents.
Investments are carried at cost, which approximates fair value.
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.
20
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS,
JUNE 30, 2001
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 for various purposes. The taxes levied by the City for the year ended June 30, 2001 were
within legal limits. The tax levies were based upon a taxable value of $ 21,153,794. 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 dates are subject to penalty and interest charges.
3. Deficit Fund Balances
The following Funds had deficit fund balances at June 30, 2001:
Debt Service Funds:
1992 Sidewalk & Curb
$
964
1994 Sidewalk & Curb
$
316
1996 Sidewalk & Curb
$
13
1997 Sidewalk & Curb
$
219
SID 337
$
8,925
Capital Project Funds:
4290 Sidewalk Construction
$
1,279
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.
ABudget Variances
ignificant favorable budget to actual variance existed in the General Fund due to increases in corporation license taxes and gaming revenue. Corporation license
k.' taxes fluctuate annually and are difficult to accurately budget. An unfavorable variance in intergovernmental revenue in special revenue funds related to the timing of a
Montana Air & Congestion (MACI) sidewalk grant. Budget was carried forward to fiscal year 02. Unfavorable miscellaneous revenue variance in the Special
Revenue funds relates to a developer agreement, classified as intergovernmental, in the Airport Tif. Unfavorable investment revenue variance in the Special Revenue
funds relates to fluctuations in funds invested and interest paid on those investments of the UDAG fund.
21
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
4. Budget Variances (cont.)
Favorable variance exists in the SID 343 Capital Project capital improvement expenditure due to the reconstruction project not yet being completed. Gas Tax funds
budgeted for the MACI sidewalk grant match and overlays and chip seals were unexpended causing a positive variance for Special Revenue funds public works
expenditures. The positive expenditure variance in the Special Revenue funds housing and community development related to funds budgeted for downtown projects
in the Downtown Tif, funds budgeted but not expended for commercial redevelopment and loans in the Community Development Loan Revolving fund, and the
progress and billing of projects in the Affordable Housing Program fund.
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, 2001, was as follows:
Primary Gov't.
Component
Reporting Entity
Cash on hand $ 72,990
$ 150
$ 73,140
Cash in Banks: demand deposits 280,951
26,114
307,065
time deposits 50,783
21,697
72,480
Bidders bonds 1,656
1,656
Bonds/Warrants 31,77 5
31,775
STIP $ 16,615,4469
$ 16,075,469
Total $ 16 513 624
$ 47.961
$16 561.585
Deposits - at year end, the carrying amount of the City's deposits was $ 352,616. These deposits include demand and time deposits. Of the bank balances, all were
covered by Federal Depository Insurance or were covered by securities held by the pledging financial institutions trust department or agent in the City's name. The
$ 47,961 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%. State statutes do not specify in whose custody or name the collateral is to be held. 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, 2001.
22
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JtJNE 30, 2001
5. Cash in Treasurv/Investments- con't
Governmental Accounting Standards Board (GASB) Technical Bulletin No. 94-1 requires governmental entities participating in an investment pool to disclose certain
types of securities held in the pool. As noted above, the City invests in the State Short -Term Investment Pool managed by the State of Montana. This pool contains
two types of investments required to be disclosed, which are Asset -backed Securities and Variable Rate (Floating Rate) securities.
Amounts (unaudited) invested by STIP in each type as of June 30, 2000 (June 30, 2001 not yet available), were as follows:
Category I %
Asset -backed $381,789,007 28.85
Variable rate 61,925,774 4.68
Other Securities 879,562,526 66.47
Total $1.323,277.307 100.00
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 and External
investment pool. STIP is also classified a " 2a7-like" pool. A 20-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, 20-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 20-like pool.
Audited financial statements for the State of Montana's Board of Investments are available at 555 Fuller Ave. in Helena, Mt
23
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
6. Property, Plant and Equipment
A summary of changes in general fixed assets follows:
July 1, 2000
Additions Deletions
June 30, 2001
Land
$ 1,773,432
$ 207,174 $
$ 1,980,606
Buildings
9,292,833
88,346
9,381,179
Improvements other than buildings
3,479,220
58,244
3,537,464
Machinery & equipment
3,349,561
274,866 (38,294)
3,586,133
TOTAL
�o
The City Council approved a new capitalization policy for fixed assets, Resoluti ,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 - Capitalization of interest - requires that interest expenditures incurred during construction of assets
be capitalized. During fiscal 2001, no interest costs were capitalized.
A summary of proprietary fund type property, plant, and equipment at June 30, 2001 follows:
Enterprise
Internal
Funds
Service
Land
$ 248,063
Machinery & equipment
2,009,403
$ 296,722
Construction in progress
390,446
Source of supply
767,838
Pumping plant
1,437,905
Treatment plant
14,591,174
Transmission & distribution
18,234,463
General plant/buildings
1,684,674
Storm sewer system
4,144,176
Total
$ 43,508,142
$ 296,722
Less Accum. Depreciation
(16,928,967)
(196,434)
Net
$ 26,579,175
$ 100.288
24
Component unit
Parking Comm.
$ 40,351
9,765
50,116
332,849)
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
7. Long-term Debt
The following is a summary of long term debt transactions of the City for the fiscal year ended June 30, 2001
Balance
Balance
July 1, 2000
Additions
Reductions
June 30, 2001
(2) Board of Inv Loan
103,000
(12,768)
90,232
(2) Revenue Bonds
3,515,000
(285,000)
3,230,000
(2) SRF Loan-WWTP/water
2,783,000
653,433
(176,000)
3,260,433
(1) Assessments
262,903
1,583,818
(48,447)
1,798,2751/
(1) Urban Renewal Bonds
455,000
(215,000)
240,0001"
(1) Contract Debt/loans
2,979,309
88,950
(232,313)
2,835,945
(1+2+4) Comp. Absences
968,740
62,848
1 031 588 —
$11.066�52
$2,3
73
(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, 2001 is comprised of the following individual issues:
1. Revenue Bonds:
Revenue bonds are directly related to and expected to be paid from the Proprietary Fund.
The 2000 Westside Tax Inc. bonds are accounted for in a special revenue
fund.
Issue
Interest
Term of
Final
Bonds
Outstanding
Annual
PpMose
Date
Rate
Bonds
Maturi
issued
June 30, 2001
Pymt.
2000 Solid Waste
3/01
4.75%
5yrs
2006
$ 159,265
$ 159,265"'
varies
1996 Water Bonds
6/96
5.5%
15yrs
2011 c
1 060,000
$ 795,000
varies
1991 WWTP-refunding
4/91
7.18%
20yrs
2011
$2,815,0 0�
$ 1,850,000
varies
1997 Sewer -refunding
5/97
5.08%
9yrs
2006
$ 925,000
$ 585,000
varies
2000 Westside Tax Inc.
3/00
6.21%
1Oyrs
2010
$2,500,000
$ 2,313,042
$339,350
Total Revenue Bonds
$7,4_59>25
15.702.307.
25
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
7. Lone -term Debt-con't
Significant provisions of the 1996 Water System Revenue Bonds are as follows:
Debt Service Account
Monthly an amount equal to not less than 1 /6 of the interest due within the next six months and 1 /12 of the principal to become due within the next twelve months shall
be credited to the debt service account.
Reserve Account
The City shall keep in the reserve account an amount equal to the lesser of 10% of the original principal or the maximum amount of principal and interest
requirements.
Property Insurance
The City will cause all buildings, properties, fixtures, and equipment to be kept insured in amounts that are ordinarily carried.
Liability Insurance
The City will carry insurance against liability of the City and its employees.
Rates and Charges
Net revenues will be at least equal to 125% of the maximum principal and interest requirements for all future fiscal years.
The City complied with the above revenue bond requirements.
Sewer Revenue Bonds Ordinances and Required Information
1. The City will establish a separate revenue bond account into which will be paid each month an amount equal to but not less than the sum of 1/6 of the interest due
within the next six months and 1/12 of the principal due within the next twelve months with respect to aR Bonds secured by the ordinance and payable from that
account, and into which shall be paid each month additional net revenue equal to 1 /60 of the maximum amount of principal and interest to fall due within any
subsequent fiscal year on all such bonds until a reserve equal to such maximum amount of principal and interest is established, which reserve shall thereafter be
maintained.
26
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
7. Long-term Debt-con't
2. 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.
3. The City shall maintain an Operating Reserve equal to one month's operating expenses. The term operating expenses shall mean current expenses, paid or
accrued, or operation, maintenance and current repair of the system and its facilities, and shall include administrative expenses of the City relationg solely to the
system, premiums for insurance on the properties, labor and the cost of materials and supplies used for current operation and for maintenance, and charges for the
accumulation of appropriate reserve for current expenses which are not recurrent monthly but may reasonably be expected to be incurred in accordance with
sound accounting practices. Such expenses shall not include any allowance for depreciation or renewals or replacements of capital assets of the system and shall
not include any portion of the salaries and wages paid to any officer or employee of the City, except such portion as shall represent reasonable compensation for
the performance of duties necessary to the operation of the system.
4. The City shall, within 120 days after the close of each fiscal year, cause to be prepared and supply to the original purchaser or purchasers of Bonds issued
hereunder and the bank or banks designated as agent for the payment of principal of and interest thereon a financial report with respect to the system of such fiscal
year as prepared by an independent certified public accountant.
The audit report shall include the following:
a. a statement in detail of the income and expenditures of the system for the fiscal year, identifying capital expenditures and separating them from operating
expenditures;
b. a balance sheet as of the end of the fiscal year,
c. the number of premises connected to the system at the end of the fiscal year;
d. the amount on hand in account of the Sewer System Fund at the end of the fiscal year;
e. a list of the insurance policies and fidelity bonds in force at the end of the fiscal year, setting out as to each the amount thereof, the risks covered thereby,
the name of the insurer or surety and the expiration date of the policy or bonds; and
27
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
NNE 30, 2001
7. Long-term Debt-con't
f. a determination that the report shows full compliance by the City with the provisions of this ordinance during the fiscal year covered thereby, including
proper segregation of the capital expenditure from operating expenses, maintenance of the required balance in the Revenue Bond account, and the
receipt of net revenue during the fiscal year at least equal to 125% of the maximum amount of principal and interest payable from the Revenue Bond
account in any subsequent fiscal year; or if the report should reveal that the revenues have been insufficient for compliance with this ordinance, or that
the methods used in accounting for such revenues were contrary to any provision of this authorizing ordinance, the report of audit shall include full
explanation thereof, together with the recommendations for such change in rates or accounting practices or in the operation of the system as may be
required.
The following are the required disclosures which are not contained elsewhere in the audited financial statements.
Number of premises connected to the system at the end of the year: 6117
Schedule of Insurance Policies at June 30, 2001:
Montana Municipal Insurance Authority
1. Fidelity bond coverage has a $5,000,000 limit for employee and computer fraud. The fidelity bond also covers messengers with a
$1,000,000 limit. The bond coverage includes a $5,000 deductible. Expires July 1, 2001.
2. Property Insurance: Blanket building policy with $25,000,000 limit and a $2,500 deductible per event. Boiler and machinery policy with
$50,000,000 limit and $2,000 deductible. Expires July 1, 2001.
3. Liability Insurance: $750,000 per occurrence which arises or derives from injury to or death of a single person or damage to property of a
single person regardless of number of persons or entities claiming damages. $1,500,000 per occurrence not covered as stated above. A
$2,500 deductible applies. Expires July 1, 2001.
.) .;?5'0
28
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
7. Long-term Debt-con't
Significant provisions of Series 2000 Westside Urban Renewal Tax Increment Bond
Reserve Account
The City shall keep in the reserve account an amount equal to the maximum amount of principal and interest due on all outstanding bonds of the Westside Tax
Increment District in the then current or any future fiscal year.
O/S Bond
Max Principal and Debt Due in any future fiscal year $339,350
City's Reserve $ 50,346
Pledged Revenues
The City shall generate revenues from: 1) interest repayment of a loan to Stream International, 2) user fee equal to Stream's Montana corporation license tax, 3)
revenues generated from the Westside Tax Increment District, and 4) $125,000 from Flathead County Economic Development Authority levy that will be sufficient to
pay the principal thereof and interest thereon when due.
During fiscal year 2001, the total bond payments due equaled $339,350. The Port Authority contributed $125,000. Westside Tax Increment District generated
$373,532.
The Board of Investments loan for the Stream Project has interest rates dependant 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.
WE
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
NNE 30, 2001
7. Lone -term Debt-con't
Significant provisions of the 2000 Solid Waste System Revenue Bonds
Debt Service Account
Monthly an amount equal to not less than 1 /6 of the interest due within the next six months and 1 /12 of the principal to become due within the next twelve months shall
be credited to the debt service account.
Total Required $ 10,909
City's Reserve $ 10,909
Reserve Account
The City shall keep in the reserve account an amount equal to the lesser of 10% of the original principal or the maximum amount of principal and interest
requirements.
Total Required Reserve $15,927
City's Reserve $16,000
Rates and Charees
Net revenues will be at least equal to 125% of the maximum principal and interest requirements for all future fiscal years.
125% of Maximum Debt $40,909
Net Revenues $76,584
HE
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
7. Long-term Debt-con't
2. 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, 2001 there was $2,453,908 available in the Tax Increment Special Revenue Fund to
service these bonds.
Issue
Interest
Term of
Final
Bonds
P ose Date
Rate
Bonds
Maturity
Issued
Tax Increment 12/85
6.25-9.5%
16 yrs
7/01/02
$2.100.000
Outstanding Annual
June 30, 2001 Pvmt.
$ 240.E varies
31
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
NNE 30, 2001
7. Lon2-term Debt-con't
Special Assessment Bonds:
Issue
Interest
Term of
Final
Bonds
Outstanding
Annual
PjUose
Date
Rate
Bonds
Maturity
Issued
June 30, 2001
Pyrnt.
SID 337-sewer
12/01/86
7.74 %
15 yrs.
2002
$ 110,000
$ 10,000
varies
SID 341-sewer
09/01/95
6.06 %
15 yrs.
2011
100,000
60,000
varies
SID 342-sewer
11/01/95
6.34 %
15 yrs.
2011
209,000
120,000
varies
SID 343-sewer
06/12/01
20 yrs.
2021
1,581,500
1,581,500
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
7,000
varies
1995 Walk & Curb
01/02/96
8.5 %
8 yrs.
2004
22,823
8,556
varies
1996 Walk & Curb
01/02/97
8.5%
8 yrs.
2005
12,148
6,073
varies
1997 Walk & Curb
10/01 /98
8.0%
8 yrs.
2006
8,572
5,358
varies
1998 Walk & Curb
01/01/99
7.75%
8 yrs.
2007
1,687
1,264
varies
1999 Walk & Curb
01/01/00
8.50%
8 yrs
2008
1,769
1,548
varies
2000 Walk & Curb
01 /02/01
9.50%
8 yrs
2009
2,315
2,315
varies
Total Special Assessment Bonds
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.
32
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
7. Long-term Debt-con'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.
In June 2001, the City entered into an agreement with the State Revolving Fund (SRF) to borrow funds to replace the water main at the junction of U.S. Highway 93
and U.S. Highway 2. This obligation is to be repaid from the operating income of the Water Fund.
Sewer-SRF Loan
Water-SRF Loan
Loans/Contracted Debt:
Interest
Rate
Term
4%
20 yrs.
4%
20 yrs.
Amount
Borrowed
$ 3.913.425
$ 653.433
Outstanding
June 30, 2001
$ 2.607.000
$ 653 433
Origination
Interest
Due
Principal
Outstanding
Purpose Date
Rate
Term
Date
Amount
June 30, 2001
General Long Term Debt Group of Accounts:
Board of Housing 3/01 /95
6%
30yr
2/01 /2025
$ 271,000
$ 246,131
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
2/15/2002
$ 26,282
$ 9463 Snow blower/Thermo appl.
Board of Investment loan 2/25/2000
5.6%
7 yrs
2/15/2007
$ 122,382
$ 106,915 Road Grader
Board of Investment loan 2/15/2000
5.6%
5 yrs
2/15/2005
$ 87,603
$ 71,444 Fire Truck
Board of Investment loan 1 /26/2001
varies
5 yrs
2/15/2006
$ 88,950
$ 88,950 Boom Truck/Leaf Loader
Enterprise Funds:
Board of Investment loan 3/10/2000
varies
7yrs
2/15/2007
$ 103,000
90,232 John Deere Loader
Total Loans
$ 699,217
$ 613,135
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 $ 169,816 Parking Commission $ 4,593
General Long Term Debt Group of Accounts $ 857,179 Total
33
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
7. Long-term Debt-con't
Requirements to amortize debt
The annual requirements to amortize all long-term debt outstanding, except compensated absences payable, as of June 30, 2001, including interest
payments are as follows:
Year
Special
Urban
Ending
STREAM
Assessment
Contracted
Revenue
Renewal
SRF
June 30, 2001
Bonds
Bonds
Debt
Bonds
Bonds
Loans
Totals
2002
339,350
213,048
120,827
503,460
262,800
361,456
1,800,941
2003
339,350
188,898
108,812
501,330
362,017
1,500,407
2004
339,350
185,740
107,509
502,790
362,337
1,497,726
2005
339,350
178,000
106,076
507,735
362,337
1,493,498
2006
339,350
181,655
85,348
501,315
362,017
1,469,685
2007-2011
1,357,398
734,899
37,031
1,871,410
1,809,305
5,810,043
2012-2016
571,600
812,042
1,383,642
2017-2021
393,920
307,589
_ 701,509
Total
$3,054,148
2.647.760
�
$ i $ Q�Q
$_26
$ ,739,100
15.657.451
34
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
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 of $5,499,568 for FY01, of which $4,917,638 is covered by PERS, MPORS, or FURS. Component Unit payroll was
$46,411 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, 2001, were:
PERS MPORS FURS
Employee 6.9% 9% 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, 1999, 2000, and 2001, as listed below, were equal to the required contributions for each year.
PERS
MPORS
FURS
Component unit PERS
1999 $ 164,757
$ 141,716
$ 113,580
$ 2,514
2000 $ 177,833
$ 153,004
$ 118,148
$ 3,066
2001 $ 194,590
$ 167,019
$ 128,806
$ 3,156
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 which would result in
additional costs to the insurance program. There are no other post -employment benefits provided by the City.
35
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUKE 30, 2001
10. Amounts due to and from other Funds/Advances
Amounts due to and from other funds consist of the following:
Advance from UDAG
$7�,900
Advance to Westside TIF
Due from: Capital Projects:
Due from: Sidewalk Construction
&L27-9
Due to: General Fund
Due From: Debt Service
Due to:
1992 S&C Fund
1,153
SID Revolving Fund
1994 S&C Fund
422
1996 S&C Fund
263
1997 S&C Fund
324
SID 337
9.879
SID & S&C total
$ 12,.041
11. Amounts due from other Governments/Entities
Due from County: for May tax collections
$ 929,282
General Fund
181,752
Tax Increment Airport
Comprehensive Insurance
28,278
Decorative Lights
Retirement Fund
24,960
Light Maint. Fund
Health Insurance Fund
35,954
SID Funds
Tax Increment Fund
488,618
UDAG
Urban Forestry
6,041
Solid Waste
Street Maint. Fund
49,120
Storm Sewer Maint.
Westside Tif Debt Service
54,133
36
11,769
558
7,377
4,485
4,707
49,534
31,042
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
11. Amounts due from other Governments/Entities —con't.
Due from other Governments: $$ 53,�$� Due to other Entities: S1
County -Drug Enforcement Grant 4,609
State- for ISTEA 25,128 Due to Village Green Sewer 1,500
Justice -Resource Officer Grant 11,349
Justice -Universal Grant 12,500
12. Restricted Cash/Investments
The following Restricted Cash/Investments were held as of June 30, 2001:
Special Revenue Funds
Enterprise Funds
Community Development -Rehab Int. Subsidy
$ 92,916
Water - Sinking & Interest $
1,649
Community Development - Courtyard Reserve
25,344
- Bond Reserve
106,000
Tax Increment 2180 - Bond Reserve
123,046
- Replacement
454,301
Special Revenue Funds Total
- SRF Loan
48,083
Sewer - Operating Reserve
106,500
- Replacement
3,046,949
Debt Service Funds
- Sinking & Interest
922
SID 341
$ 5,000
- Contingency
685,500
SID342
$ 10,450
- Capital Improvement
1,162,816
SID 343
$ 79,075
- Storm Sewer
744,754
Debt Service Total
I—IIX5
Ambulance - Replacement -designation
64,764
Garbage - Replacement -designation
85,761
- Bond Reserve
16,000
Enterprise Total
6,523,999
Agency Funds
Bidders Bonds
Internal Service Fund
Data Processing $2$
replacement designation
37
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
13. Fund Eauit
Enterprise Funds:
Reserves and/or Designations of the City at June 30, 2001 consisted
of:
Water - Reserve for Revenue Bond
$ 106,000
- Reserve for Sinking & Interest
1,649
Special Revenue Funds:
- Reserve for Replacement
454,301
Tax Increment - Reserve for Bond Contingency $
123,046
- Reserve for Inventory supplies
96,367
Community Development - Interest Subsidy
92,916
- Reserve for SRF Loan
48,083
Community Development -Courtyard Reserve
25,414
Sewer - Reserve for Operations
$ 114,000
Special Revenue Funds Total $
241,306
- Reserve for Replacement -Sanitary
1,197,087
Debt Service:
- Reserve for Revenue Bond
685,500
Reserve for Bond Contingency $_49
- Reserve for Sinking & Interest
922
- Reserve for Capital Improv/WWTP
1,162,816
- Reserve for Replacement/WWTP
1,849,862
Internal Service:
- Reserve for Storm Sewer
812,678
Designated for Replacement
Ambulance -Designated for Replacement
$ 64,764
Garbage - Designated for Replacement
$ 85,761
- Reserve for Revenue Bond
16,000
- Reserve for Sinking & Interest
10,909
Enterprise Funds Total
16 QG 22
14. Chanjes in Contributed Capital
A schedule of changes in contributed capital is presented below:
WATER
SEWER DATA PROC. TOTAL
Contributed Capital 7/1/00
$3,294,002
$ 10,165,681 $ 544 $ 13,460,227
Add:
Contributions
200,614
147,413 348,027
Depreciation on assets acquired by grants/contributions
$ 60,086
$ 598,707 544 $ 659,337
Total Contributed Capital 6/30/2001
$
$ 9 714.387 $-� $ 13 148 917
38
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
RUNE 30, 2001
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
Westside Tif ($5,000) Close reserve acct/booked at Port Authority
Sewer Fund ($7,004) Storm Sewer tax voids and abates
Downtown Tif $3,850 Correct retainage due to Swank
16. Residual Equitv 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 tykes and total net transfers:
G.O. Bond General ($13,137) (2) Debt /General ($13,137)
17. Segment Information for Enterprise Funds
The City maintains four Enterprise Funds which provide water, sewer, garbage and ambulance services. Segment information for 6/30/01 was as follows:
Operating Revenue
Depreciation expense
Operating Income (loss)
Current Capital:
Contributions
Plant, Property & Equip:
Additions
Deletions
Net Increase in Cash & Cash
Equivalents
Total Assets
Long-term Liabilities:
Payable from Operating Revenues
Total Equity
WATER
SEWER
AMBULANCE
GARBAGE
TOTAL
$ 1,090,993
$ 2,570,895
$ 704,378
$ 494,435
$ 4,860,701
256,120
1,167,045
37,922
82,190
1,543,277
(20,818)
44,218
(11,623)
(5,606)
6,171
200,614
147,413
0
0
348,027
1,419,899
325,907
78,663
311,309
2,135,778
21,145
0
0
0
21,145
(328,763)
586,539
(92,079)
(230,574)
(64,877)
10,075,471
23,935,393
436,234
1,042,995
35,490,093
1,560,581
5,272,316
51,357
34,206
6,918,460
8.514.890
18,663,077
$28,571.633
39
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
RUNE 30, 2001
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 Countycharges the Cityfor
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, 2001 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 Commissioners. 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 shall receive during the ensuing fiscal year. The financial activities of the CAB are accounted for by Flathead County. The
City's contribution for CAB for FY01 was $77,241.
FY01 will be the final year of the CAB. On June 30, 2001, Flathead County pulled out of the agreement. CAB functions, beginning July 1, 2001, will be carried out by the
new Tri-City Planning Board. This new Board is an agreement between the three cities which were part of CAB. It will be accounted for by the City of Kalispell in a Special
Revenue Fund beginning in FY02.
.M
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
NNE 30, 2001
19. Joint Ventures (coot.)
Courtyard Avartments/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 Resources. NWMHR maintains a trust fund in
the City's name to record the revenues and expenses of the housing complex. As of June 30, 2001 the equity in the fund was $46,402. The 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- term Debt Group of Accounts.
The original amount of the loan was $271,000. The balance as of June 30, 2001 is $246,132.
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.
41
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
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.
Claims Payable, June 30, 2000 $53,437
Claims Incurred $989,135
Claims Paid $997,331
Claims Payable, June 30, 2001
22. Pending Litieation
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.
Grey vs. City of Kalispell
Broad vs. City of Kalispell
NuPac vs. City of Kalispell
KPA vs. City of Kalispell
Storli vs. City of Kalispell
Olson vs. ABC/City of Kalispell
Damages reauested
$ 50,000
not stated
$70,000
$40,000
$1,000,000
$1,000
Potential of Loss Status
unknown 9`s Circuit appeal
remote
remote
possible
remote
possible Justice Court
42
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
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, 2001 balance $ 0
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, 2001 balance $ 61,847
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.
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 $ 186,708 recorded as loans receivable as of June 30, 2001 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".
43
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
23. Loans Receivable-con't.
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, 2001 balance $ 117,384
The City entered into a 20 year redevelopment loan @ 6% with United Way in January 2000.
Original Loan amount $ 133,500
June 30, 2001 balance $ 128,387
On March 8, 2000, the City entered into a 10 year loan with Stream, Inc. at 11 % 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, 2001 balance $ 942,547
On October 1, 2000, the City entered into a 12 year, 9% loan with West Coast Inns. This agreement originated in 1998 and involved West Coast Inns development
agreement with the City regarding the Equity Supply Company property.
Original Loan amount $ 890,900
June 30, 2001 balance $ 858,837
24. City Court Contracts Receivable
Contracts receivable of the City Court, because of the uncertainty regarding when and if they will be collected, will no longer be booked as an asset on the balance sheet of the
General Fund. These receivables, at June 30, 2001, amounted to $278,537.
44
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUKE 30, 2001
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 Coverage
Sewer Service Charges
$
2,309,187
Storm Sewer Assessments
261,583
Total Operating Revenue
$
2,570,895
Less: Operating Expense (before Depreciation)
1,359,632
Available for Debt Service
$
1,211,263
Maximum Debt Service
$
685,500
Coverage
177%
Reserve for Operating Expenses is maintained equal to 1/12 of the annual cost of operations. Operating expenses for FY01 were $1,359,632.
$1,359,632 divided by 12 = $114,000. 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, 2001 is $1,849,862 of which Evergreen's interest is $388,471. The City of Kalispell has sole
responsibility for the use of these funds.
M
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
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 $106,000. The SRF loan reserve account contains
$48,083.
Cash Flow Coverage
Water Service Charges
$ 1,040,684
Miscellaneous revenue
$ 50,309
Total Operating Revenue
$ 1,090,993
Less: Operating Expense (before Depreciation)
$ 855,691
Available for Debt Service
$ 235,302
Maximum Debt Service
$ 154,083
Coverage
153%
28. Component unit -Kalispell Panting 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 42 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.
46
CITY OF KALISPELL
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2001
29. Stream International
Flathead County Economic Development Authority, Flathead County and the City of Kalispell entered into an inter -local agreement to purchase 59,000 square feet of the
Gateway West Mall for $2.5 million and sign a ten-year lease with Stream International, Ltd. The City of Kalispell agreed to acquire the property by issuing a $2.5 mi tax
increment urban renewal bond. The City then conveyed the property to the Authority as "tenants in common". The County through the Authority became vested with an
undivided 37% interest in the property with the City vested with the remaining 63% interest. As a result of this conveyance, the Authority recognized its portion of the
building and the related debt on their books.
The Authority is responsible for the operation maintenance of the property during the term of the initial ten-year lease. The Authority is also responsible for the carrying of
property insurance against the property. The City has agreed to reimburse the Authority for its proportionate share of these costs.
The Authority has agreed to levy up to two mills or $156,000 for the term of the bond, and has pledged $125,000 of the revenue generated each year to be remitted to the City
of Kalispell in two equal installments of $62,500 that will be used toward the retirement of the tax increment bond. The authority shall also set up and contribute $3,000 to a
building reserve fund each year of the lease. The reserve will be used for any repair or construction work deemed necessary in maintaining the properly.
The City issued the tax increment bonds in its name and agrees to be punctual in all debt payments, and will keep all proper records and meet all necessary requirements of
the bond resolution. The City shall also set up and contribute $5,000 to a building reserve fund for each year of the lease. The reserve will be used for any repair or
construction work deemed necessary in maintaining the property. The Authority shall manage this building reserve.
The City has pledged the following revenues towards the repayment of the $2.5 million bond:
I. Half of the interest revenues generated from a million dollar loan to Stream ($38,000 per year).
2. An annual user fee that will be paid by Stream to the City equal to the amount of Stream's Montana corporate license tax obligation.
3. Tax increment money generated from the Westside Tax Increment District until the City reaches their share of the debt payment or $214,350.
4. The Authority's annual contribution of $125,000.
The County has agreed that it will approve the Authority's levy for an ad valorem property tax of up to two mills on all taxable property in the County, until the tax increment
bond is paid.
Within 180 days of the payment in full of the Bond, either the authority or the City may give notice to each other of intent to purchase the property. The purchase price to be
paid will be equal to the total debt service paid by the other party. The Authority has the first option of buying the property from the City. If neither the Authority nor the City
want to purchase the property outright, then the City has granted American Capital a right of first refusal to purchase the property. The proceeds from the sale of the property
shall be distributed based on the equity interest each entity holds.
47
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
48
CITY OF KALISPELL
GENERAL FUND
BALANCESHEET
JUNE 30, 2001
ASSETS:
LIABILITIES AND FUND EQUITY
10100
Cash Investments -unrestricted
$
1,164,986
LIABILITIES:
1020o
Petty Cash
$
875
20210
Accounts Payable
$
76,658
20620
Payroll Payable
$
41,554
Total Cash/investments
$
1,165,861
22310
Deferred revenue - real
$
127,654
Receivables:
2232o
Deferred revenue - personal
$
83,778
11300
Taxes receivable - real estate
$
127,477
22310
Deferred revenue - protested
$
340
11500
Taxes receivable - personal property
$
83,778
11600
Taxes receivable - protested
$
177
11810
Weed cutting assessment
$
340
Total deferred revenue
$
211,772
13100
Due from 1999 S&C Const. Fund
$
1,279
TOTAL LIABILITIES
$
329,984
Total receivables
$
213,051
FUND EQUITY:
1320o
Due from other County
$
181,752
2710o
Fund Balance
$
1,230,681
TOTAL FUND EQUITY
$
1,230,681
TOTAL ASSETS
$
1,560,664
TOTAL LIABILITIES & FUND BALANCE
$
1,560,664
49
CITY OF KALISPELL
GENERAL FUND
JUNE 30, 2001
REVENUES:
Account
311100
Real property taxes
311200
Personal property taxes
312000
Pen/int. on del. taxes
'
314000
Light vehicle tax
TOTAL TAXES
321010
M.V. plate fees
321030
Title reg fee
YS�
321070
REGRAT/MC FEES
ti. U
321005
Flat fees
322101
Alcohol bev licenses
322300
Business licenses
322500
Amusement Lisc.
323100
Building & Zoning fees
323300
Animal licenses
TOTAL LICENSES/PERMITS
ACTUAL
$ 1,568,725
$ 47,681
$ 7,115
$ 80,839
T01 1, 04
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET
a
AFTER
TRANSFERS
f .'v '
o
Account
" L-
$
1,544,444
341010
$
68,300
341020
$
7,500
`341025
$
118,695
rn J 341080
- 342010
1, ,
T24 $ 61,780 `/ $ 58,808
T24
$ 3,495 V
$
3,212
$ 38,907 `-'
$
0
T24
$ 13,240 "�
$
12,491
T99
$ 20,156✓
$
20,865
T99
$ 2,172"
It
2,000
$ 500✓;
$
550
T99
$ 35,851 ✓
$
32,250
T99
$ 1,374"x
$
1,000
1,1
334015
STATE SHARED REVENUES:
Highway Traffic Safety
$ 9,793
$
12,000
331156
DUI Task Force Reimb.
$ 10,075
$
12,000
331162
Independ. Living Grant
$ 4,000
$
4,000
333040
PILT-Flathead Elec. Coop.
$ 22,011
$
0
335010
Liquor tax apport.
C89
$ 89,138
$
85,000
335015
Wine tax apport.
C89
$ 3,111
$
2,576
k
335020
Beer tax apport.
C89
$ 82,273
$
70,000
`
335030
M.V. tax -Ad valorem
C30
$ 3,111
$
2,875
{
334055
Corp license tax
C30
$ 88,039
$
27,432
334016
Justice -Law Enforce
C30
$
3,000
335075
Video Mach. Appor.
$ 1,116,390
$
1,064,777
335076
State Gaming Lic App
C89
$ 49,825
$
46,000
335077
Live Keno & Bingo
$ 3,692
$
1,000
' �P
335110
Live card game permits
C30
$ 2,800
$
2,500
' 335200
Pers. Prop. Reimbursements
C30
$ 86,901
$
89,187
TOTALINTERGOVERNMENTAL
_FT57rTMr1,422,j47-
50
BUDGET
ACTUAL AFTER TRANSFER
CHARGE FOR SERVICES:
Sale of pub., maps
$ 523
$
2,000
Admin charges A89
$ 531,233
$
536,209
City collections
$ 5,346
$
0
Board of Adjustment fees
$ 700
$
500
Police services
$ 20,452
$
7,000
Public works charges__
343005-Central-karage charge
343012 Public works charges
343015 TSS Reimbursement
A89
$ 129,550 $ 129,550
$ 2,881 $ 3,050
$ 15,560 $ 20,000
Parks & ce atiun_...
A61
346030
ool
$ 64,745
$
70,000
346050
Parks usage
$ 8,769
$
6,500
346051
Recreation
$ 22,447
$
27,000
346052
Basketball
$ 10,206
$
14,800
346053
Rec Scholarships
$ 1,414
$
5,000
346060
Outdoor Scholarships
$ 806
$
3,300
346CO54
Seniors
$ 10,329
$
13,000
346057
Day camp
$ 41,895
$
51,500
346059
Picnic in the Park
$ 12,729
$
13,000
TOTAL CHARGES FOR SERVICES
$ 879,59F
$
902,-4W
MUNICIPAL COURT FEES:
351000
Court fines
U99
$ 347,473
$
385,000
351030
Court fees/chgs
$ 38,868
$
35,000
TOTAL FINES & FORFEITURES
,
362000
Rents/leases (golf course)
A89
$ 26,795
$
27,836
365000
Donations
U99
$ 18,385
$
19,000
365015
Kidsport contribution
U99
$ 37,955
$
37,955
364030
Sale of miscellaneous
U99
$ 4,166
$
45
TOTAL MISCELLANEOUS -$7,bT• ,
371000 Investment earnings U20-�- ,
TOTAL REVENUES $ 5,031,206 , ,
CITY OF KALISPELL
GENERAL FUND
JUNE 30, 2001
EXPENDITURES:
GENERAL GOVERNMENT
410100
Mayor/Council
410200
City Manager
410300
Judicial services
410500
Finance department
410600
Elections
410800
Personnellrecruitment
410900
Records administration
411000
Planning
411100
Legal services
411200
Facilities administration
411300
Central communications
410000
TOTAL GENERAL GOVERNMENT
Public Safety:
420100
Law enforcement
420400
Fire protection
420540
Zoning Enforcement
420000
TOTAL PUBLIC SAFETY
Public Works:
430100
Administration
430200
Sign/signal
430300
Street department
431300
Central garage
430000
TOTAL PUBLIC WORKS
Culture & Recreation:
460430
Parks & Forestry
460440
Recreation
460452
Hockaday Art
460445
Pool
460000 TOTAL CULTURE & RECREATION
490500 Debt Service
510100 Special Assessments
TOTAL EXPENDITURES
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE (Continued)
Personal
Supplies, services
Purchase of
Total Actual
Budget
services
materials, other
equip, land
expenditures
after
(100)
(200-800)
(900)
(All Objects)
transfers
E29
$ 90,578
E29
$ 12,815
G29
F29
$ 103,393
$
105,157
E29
$ 98,103
E29
$ 6,744
G29
F29
$ 104,846
$
105,626
E25
$ 96,521
E25
$ 49,083
G25
F25
$ 145,605
$
146,347
E23
$ 169,471
E23
$ 28,105
G23
F23
$ 197,576
$
197,895
E89
E89
G89
F89
$ -
$
2,000
E29
E29
$ 26,512
G29
F29
$ 26,512
$
25,798
E29
E29
$ 5,748
G29
F29
$ 5,748
$
5,500
E29
E29
$ 38,620
G29
F29
$ 38,620
$
50,175
E25
$ 127,546
E25
$ 14,089
G25
F25
$ 141,635
$
148,802
E31
$ 24,838
E31
$ 75,747
G31
F31
$ 100,585
$
100,585
E89
E89
$ 36,560
G89
F89
$ 36,560
$
42,500
$ 607,056
$ 0
$ 901,080
$
930,385
$ 294,024
E62
$ 1,429,042
E62
$ 99,447
G62
$ 47,065
F62
$ 1,575,554
$
1,570,811
E24
$ 799,873
E24
$ 43,646
G24
$ 17,800
F24
$ 861,319
$
863,125
$ 35,785
$ 2,036
$ 37,821
$
39,818
$ 2,264,700
$ 64,865
$ 29474,694
$
2,473,754
$ 145,129
E89
$ 66,271
E89
$ 10,060
G89
F89
$ 76,331
$
79,465
E44
$ 68,100
E44
$ 26,521
G44
$ 15,878
F44
$ 110,498
$
122,544
E01
$ 77,422
E01
$ 3,319
GOl
F01
$ 80,741
$
84,136
NE
$ 96,627
NE
$ 193,570
NE
$ 18,445
NE
$ 308,642
$
321,306
$ 308,420
$ 34,323
$ 576,212
$
607,451
$ 233,469
E61
$ 273,761
E61
$ 90,641
G61
$ 55,542
F61
$ 419,945
$
437,086
E61
$ 84,041
E61
$ 66,601
G61
F61
$ 150,642
$
143,062
E61
E61
$ 6,600
G61
F61
$ 6,600
$
6,600
E61
$ 99,278
E61
$ 33,884
G61
F61
$ 133,162
$
121,899
$ 457,080
$ 55,542
$ 197,726
$ 710,349
$
708,647
$ 0
$ 30,769
$ 0
$ 30,769
$
30,626
$ 0
$ 565
$ 0
$ 565
$
1,500
$ 3,637,256
$ 901,681
$ 154,730
$ 4,693,668
$
4,752,363
51
CITY OF KALISPELL
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE (continued)
TOTAL REVENUES:
TOTAL EXPENDITURES:
Excess Revenues over (under) Expenditures
OTHER FINANCING SOURCES (USES):
JUNE 30, 2001
ACTUAL
$ 5,031,206
4,693,668
$ 337,538
BUDGET AFTER
TRANSFERS
$ 4,779,162
4,752,363
$ 26,799
Transfers in
$
40,000
$
0
Transfers (out)
$
(153,790)
$
(153,699)
Inception of Lease
$
31,250
$
34,500
Sale of Right of Way -Lions Park
$
55,100
$
90,000
Excess revenues and other sources
over (under) expenditures and other uses
$
310,098
$
(2,400)
FUND BALANCE
July 1, 2000
Residual Equity Transfer
FUND BALANCE
JUNE 30, 2001
$ 907,446
$ 13,137
$ 1,230,681
52
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
53
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
June 30, 2001
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
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
2170 2180 2185 2188 2210
AIRPORT TAX INCR. AIRPORT WESTSIDE PARKS IN LIEU
INCREMENT INCREMENT
$ 3,685 $ 1,905,467 $ 86,300 $ 354,191 $ 0
123,046
$ 3,685 29028,513 86,300 354,191 0
75,965 3,218 3,249
42,307 3,989 890
$ 0 118,272 7,207 4,139 0
98,747
488,618 11,769
$ 3,685 $ 2,734150 $ 105,276 $ 358,330 $ 0
$ 116 $ 59,943 $ 1,204 $ 1,204
11,107
326
3,281
75,000
$ 442 63,224 12,311 76,204 0
98,747
75,965 3,218 3,249
42,306 3,990 890
$ 0 217,018 7,208 4,139 0
$ 442 $ 280,242 $ 19,519 $ 80,343 $ 0
025000 Reserved Fund Balance 123,046
027100 Unreserved Fund Balance 3,243 2,330,862 85,757 277,987
Total Equity $ 3,243 2,453,908 85,757 277,987 0
TOTAL LIABILITIES AND FUND EQUITY $ 3,685 $ 2,734,150 $ 105,276 $ 358,330 $ 0
54
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
June 30, 2001
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
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
LIGHT
COMP. INS.
RETIREMENT
HEALTH
ENFORCEMENT
MAINTENANCE
$ 212,434
$ 149,773 $
242,235
$ 291,089
$ 14,280
212,434
149,773
242,235
291,089
14,280
18,536
29,043
33,452
13,875
15,849
20,560
18
20
26
4,551
32,429
44,912
54,038
0
4,551
28,278 24,960 35,954 7,377
55,378
$ 328,519 $ 219,645 $ 332,227 $ 291,089 $ 26,208
$ 1,510 $ 5,497 $ 5,366
1,510 0 0 5,497 5,366
18,555 29,063 33,479
13,874 15,849 20,560
4,551
32,429 44,912 54,039 0 4,551
$ 33,939 $ 44,912 $ 54,039 S 5,497 $ 9,917
025000 Reserved Fund Balance
027100 Unreserved Fund Balance 294,580 174,733 278,188 285,592 16,291
Total Equity 294,580 174,733 278,188 285,592 16,291
TOTAL LIABILITIES AND FUND EQUITY $ 328,519 $ 219,645 $ 332,227 $ 291,089 $ 26,208
55
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
June 30, 2001
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
013300
Advance to other tLnds
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
2401 2420 2500 2600 2880
DECORATIVE GAS TAX SPECIAL URBAN FORESTRY COMM. DEV.
LIGHT MAINT. STREET MAINT. DISTRICT LOAN REVOLVING
$ 3,615 $ 291,650 $ 102,540 $ 22,895 $ 21,735
92,916
3,615 291,650 102,540 22,895 114,651
649
232 33,828 2,848
232 0 34,477 2,848 0
558
49,120 6,041
1,046,822
$ 4,405 $ 291,650 $ 186137 $ 57,527 $ 1,161 473
$ 138 $ 2,365 $ 11598 $ 122 $ 941
138 2,365 1,598 122 941
1,045,545
231 34,478 2,848
231 0 34,478 2,848 1,045,545
TOTAL LIABILITIES $ 369 $ 2,365 $ 36,076 $ 2,970 $ 1,046,486
025000 Reserved Fund Balance 92,920
027100 Unreserved Fund Balance 4,036 289,285 150,061 28,814 22,067
Total Equity 4,036 289,285 150,061 28,814 114,987
TOTAL LIABILITIES AND FUND EQUITY $ 4,405 $ 291,650 $ 186,137 $ 34,754 $ 1,161,473
56
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
June 30, 2001
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
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
2882 2886 2910 2914 2916
COURTYARD UDAG CRIME VICTIM POLICE DRUG ENFORCE.
MAINTENANCE ADVOCATE FUND RESOURCE OFFICEN GRANT
$ 23,772 $ 882,373 $ 1,251 $ (10,423) $ 433
25,344
49,116 882,373 1,251 (10,423) 433
0 0 0 0 0
1,188,318
70
4,707 11,349 4,609
75,000
$ 49,116 $ 2,075,398 $ 1,251 $ 926 $ 5 042
$ 0 $ 3,617 $ 1,251
926
3,471
985
0 3,617 1,251 926 4,456
1,188,318
0 1,188,318 0 0 0
$ 0 $ 1,191,935 $ 1,251 $ 926 $ 4,456
025000 Reserved Fund Balance 25,414
027100 Unreserved Fund Balance 23,772 958,463 0 0 586
Total Equity 49,186 958,463 0 0 586
TOTAL LIABILITIES AND FUND EQUITY $ _ 49,186 $ 2,150,398 $ 1,251 $ 926 $ 5 042
57
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
June 30, 2001
ASSETS:
010100 Cash/Investments (unrestricted)
CashAnvestments (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
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
2945 2950
2917 2918 2927 CDBG-ED GRANT AFFORDABLE
UNIVERSAL LAW ENFORCE. MT. CULTURAL STREAM PROD. HOUSING
POLICE GRANT BLOCK GRANT ARTS GRANT GRANT
$ (8,430) $ 0 $ 0 $ 0 $ 32,077
(8,430) 0 0 0 32,077
0 0 0
12,500
0
0
$ 4,070 $ 0 $ 0 $ 0 $ 32,077
$ 24,152
2,048
2,048 0 0 0 24,152
0 0 0 0 0
$ 2,048 $ 0 $ 0 S 0 $ 24,152
025000 Reserved Fund Balance
027100 Unreserved Fund Balance 2,022 7,925
Total Equity 2,022 0 0 0 7,925
TOTAL LIABILITIES AND FUND EQUITY $ 4,070 $ 0 $ 0 $ 0 $ 32,077
58
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
ALL FUNDS -COMBINING BALANCE SHEET
June 30, 2001
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
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
025000 Reserved Fund Balance
027100 Unreserved Fund Balance
Total Equity
TOTAL LIABILITIES AND FUND EQUITY
2975
ISTEA
$ 34,150
34,150
0
25,128
$
59,278
$
10,268
10,268
0
$
10,268
49,010
49,010
$
59,278
59
SPECIAL
REVENUE FUNDS
TOTAL OF ALL
FUNDS
$ 4,657,092
241,306
$ 4,898,398
163,463
97,470
713
41,459
$ 303,105
2,333,887
70
710,968
75,000
55,378
$ 8,376,806
S 122,763
11,107
4,285
3,281
75,000
$ 216,436
2,332,610
163,529
97,469
42,108
$ 2,635,716
$ 2,852,152
241,380
5,283,274
$ 5,524,654
$ 8,376,806
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Totaltaxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000
Total debt service
510000
Total miscellaneous
900
Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000
Other financing sources (uses):
382014
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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
2170
2180
2185
AIRPORT
Budget after
TAX
INCREMENT
Budget after
AIRPORT TIF
Budget after
Actual
Transfers
Actual
Transfers
Actual
Transfers
$
849,568
$ 735,504
$
48,953
$
50,000
888,128
906,125
^
18,754
8,832
12,642
18,700
o')
90,000
100,000
138,221
97,732
759
500
$
12,642
$ 18,700
$
1,875,917
$ 1,739,361
$
158,466
$
159,332
8,823
18,441
203,255
240,631
6,249
78,574
49,018
60,000
639,890
830,063
259,050
259,050
1,428
18,073
3669960
735,401
14,500
0
$
8,823
$ 18,441
$
1,518,173
$ 2,125,145
$
22,177
$
96,647
$
3,819
$ 259
$
357,744
$ (385,784)
$
136,289
$
62,685
1,720,000
$
$ (385,784)
$
$
3,819
$ 259
357,744
136,289
$
1,782,685
(576)
2,092,314
(50,532)
$
3,850
$
3,243
$
2,453,908
$
85,757
60
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Totaltaxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000
Total debt service
510000
Total miscellaneous
900
Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
382014 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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
2188
WESTSIDE TIF Budget after
Actual Transfers
$ 22,516 $ 0
2210
PARKS IN LIEU Budget after
Actual Transfers
2360
COMP. INS. Budget after
Actual Transfers
$ 284,667 $ 287,230
1,000�\48,691
5,732 20,327
y C C-- 6,279 11,679
5,960 5,000
5,621 15,000
$ 28,137 $ 15,000 $ 12,239 $ 16,679 $ 319,090 $ 308,557
4,999
5,000
517
7,000
21,838
43,454
0
5,600
241,597 314,226
0
350,000
22,893
16,679
$ 26,837 $
404,054 $
23,410 $
23,679 $ 241,597 $ 314,226
$ 1,300 $
(389,054) $
(11,171) $
(7,000) $ 77,493 $ (5,669)
$ 1,300 $ (389,054) $ (11,171) $ (7,000) $ 77,493 $ (5,669)
281,687
$ (51000)
$ 277,987
61
11,171
$ 0
217,087
$ 294,580
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Total taxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000 Total debt service
510000 Total miscellaneous
900 Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
382014 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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
2370
RETIREMENT Budget after
Actual Transfers
$ 320,880 $ 325,629
9,930 2,585
35,672 24,043
2380
HEALTH Budget after
Actual Transfers
$ 416,098 $ 421,872
12,758 3,322
45,834 28,663
2394
BUILDING CODE Budget after
Actual Transfers
313,970 240,000
$ 366,482 $
352,257 $
474,690 $
453,857 $ 313,970 $ 240,000
37,725
38,450
66,561
72,578
271,518
279,100
259,742
282,198 275,468 277,958
20,641
20,200
49,349
50,363
19,178
22,000
43,703
49,875
1,000
500 1,650
16,895 20,000
$ 349,562 $ 361,400 $ 419,355 $ 456,014 $ 292,363 $ 297,958
$ 16,920 $ (9,143) $ 55,335 $ (2,157) $ 21,607 $ (57,958)
$ 16,920 $ (9,143) $ 55,335 $ (2,157) $ 21,607 $ (57,958)
157,813 222,853 263,985
$ 174,733
$ 278,188
$ 285,592
62
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Total taxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000
Total debt service
510000
Total miscellaneous
900
Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
382014 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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
2400
LIGHT MAINT. Budget after
Actual Transfers
80,073 76,997
2401
DECK. LIGHT Budget after
Actual Transfers
4,425 4,359
2420
GAS TAX Budget after
Actual Transfers
302,652 298,026
$ 80,073 $ 76,997 $ 4,425 $ 4,359 $ 302,652 S 298,026
77,772 83,763
25,000 25,000
$ 102,772 $ 108,763
$ (22,699) $ (31,766)
2,869 5,502
$
2,869
$ 5,502
$
1,556
$ (1,143)
361,240 641,631
$ 361,240 $ 641,631
$ (58,588) S (343,605)
$ (22,699) $ (31,766) $ 1,556 $ (1,143) $ (58,588) $ (343,605)
38,990
$ 16,291
2,480
$ 4,036
347,873
$ 289,285
63
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Totaltaxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000
Total debt service
510000
Total miscellaneous
900
Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000
Other financing sources (uses):
382014
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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
2500
STREET MAINT. Budget after
Actual Transfers
432,883 414,821
2600=
URB FORESTki--- ~'' Budget after
Actual Transfers
48,345 51,298
$ 432,883 $ 414,821 # $ 48,345 $ 51,298
422,152 432,067
69,531 77,118
87,142 91,500
$ 509,294 $ 523,567 # $ 69,531 $ 77,118
$ (76,411) $ (108,746) # $ (21,186) $ (25,820)
57,700 60,000
50,000 50,000
2825
MACI Budget after
GRANT Transfers
607,682
$ 0 $ 607,682
$ 0 $ 0
$ 0 $ 607,682
$ (18,711) $ (48,746) # $ 28,814 $ 24,180 $ 0 $ 607,682
168,772 0 0
$ 150,061
# $ 28,814
$ 0
64
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Totaltaxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000
Total debt service
510000
Total miscellaneous
900
Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
382014 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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
2880
COMM. DEV.-Uudget after
Loan Revolving Transfers
100,456 110,341
$ 100,456 $ 110,341
19,925 141,555
-..2882 f
COURTYARD Budget after
Actual Transfers
64,289 56,669
616
$ 64,905 $ 56,669
34,029 42,000
24,174 24,000
2886
UDAG Budget after
Actual Transfers
$ 14,522 $ 0
182,314 178,938
$ 196,836 $ 178,938
276,014 348,242
15,391 15,500
$ 19,925 $ 141,555 $ 58,203 $ 66,000 $ 291,405 $ 363,742
$ 80,531 $ (31,214) $ 6,702 $ (9,331) $ (94,569) $ (184,804)
$ 80,531 $ (31,214) $ 6,702 $ (9,331) $ (94,569) $ (184,804)
34,456
$ 114,987
42,484
$ 49,186
1,053,032
$ 958,463
65
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Total taxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000 Total debt service
510000 Total miscellaneous
900 Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
382014 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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
2910
Crime Victints®--�""" Budget after
Actual Transfers
5,324 5,000
2914
Police Resource Budget after
Actual Transfers
46,082 46,925
2916
Drug Ent. Budget after
Actual Transfers
34,473 39,282
$ 5,324 $
5,000 $
46,082 $
46,925 $
34,473 $
39,282
5,324
5,000
46,856
46,925
50,243
55,638
$ 5,324 $
5,000 $
46,856 $
46,925 $
50,243 $
55,638
$ 0 $
0 $
(774) $
0 $
(15,770) $
(16,356)
10,000 10,000
$ 0 $ 0 $ (774) $ 0 $ (5,770) $ (6,356)
0
$ 0
774
$ 0
6,356
$ 586
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Totaltaxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000 Total debt service
510000 Total miscellaneous
900 Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
382014 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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
2917
Universal Police Budget after
Actual Transfers
45,000 45,000
2918
Law Ent. Grant Budget after
Actual Transfers
9,890 12,959
2927
MT. CULTURAL Budget after
ARTS GRANT Transfers
20,200 20,200
125 33
$ 45,000 $ 45,000 $ 10,015 $ 12,992 $ 20,200 $ 20,200
95,832 95,902 13,322 14,000
20,200 20,200
$ 95,832
$ 95,902
$
13,322
$ 14,000
$
20,200
$ 20,200
$ (50,832)
$ (50,902)
$
(3j07)
$ (1,008)
$
0
$ 0
49,041 49,041 1,099 1,008
$ (1,791) $ (1,861) $ (2,208) $ 0 $ 0 $ 0
3,813 2,208 0
$ 2,022
$ 0
$ 0
37
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Total taxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000
Total debt service
510000
Total miscellaneous
900
Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000
Other financing sources (uses):
382014
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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
2945
CDBG/ED GRANT Budget after
STREAM PROJ. Transfers
470,000 470,000
$ 470,000 $ 470,000 $
490,000 490,000
2950
HOUSING Budget after
Actual Transfers
200
200 $
101,725
200
2975
ISTEA Budget after
Actual Transfers
37,464 230,361
200 $ 37,464 $ 230,361
248,901
6,000 17,122
24,320 245,591
$ 490,000 $ 490,000 $ 101,725 $ 248,901 $ 30,320 $ 262,713
$ (20,000) $ (20,000) $ (101,525) $ (248,701) $ 79144 $ (32,352)
89,387 111,111
43,650 43,650
$ (20,000) $ (20,000) $ (12,138) $ (137,590) $ 50,794 $ 11,298
20,000 20,063 (1,784)
$ 0
$ 7,925
$ 49,010
M
CITY OF KALISPELL
SPECIAL REVENUE FUNDS
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
June 30, 2001
REVENUES:
310000
Total taxes
363000
Total assessments
320000
Total licenses/permits
330000
Total intergovernmental
340000
Total charges for services
351000
Total fines & forfeitures
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 community development
490000
Total debt service
510000
Total miscellaneous
900
Capital Outlay
TOTAL EXPENDITURES
Excess revenue over (under) expenditures
380000 Other financing sources (uses):
382014 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, 2000
Equity Transfers
Prior Period Adj
Fund Balance June 30, 2001
TOTAL
Budget After
Actual Transfers
$
1,942,682
$ 1,820,235
$
565,726
$ 547,475
$
345,349
$ 246,907
$
1,994,603
$ 2,758,625
$
108,921
$ 130,379
$
5,324
$ 5,000
$
70,249
$ 61,669
$
428,112
$ 402,544
$
5,460,966
$ 5,972,834
109,610
116,028
1,012,981
1,051,721
1,157,349
1,576,172
208,147
253,315
1,583,421
2,144,215
284,652
307,723
242,097
315,876
573,101
1,499,671
$ 5,171,358 $
7,264,721
$ 289,608 $ (1,291,887)
89,397
1,831,111
57,700
60,000
153,790
153,699
0
0
$ 590,485 $ 752,923
4,935,319
0
(1,150)
5,524,654
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
m
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET - ALL FUNDS
June 30, 2001
ASSETS:
010100 Cash/Invest-unrestricted
010130 Cash Reserve for Bond contingency
011300 Taxes receivable - real
011500 Taxes receivable - personal
011700 Payment in Lieu receivable
011800 Assessments receivable
011900 Assessments receivable- deferred
Total for combined statement
013000 Due from Sidewalk & Curb funds
013230 Due from County
Total for combined statement
TOTAL ASSETS
LIABILITIES:
021134 Due to SID Revolving Fund
Total for combined statement
022310 Deferred revenue -real taxes
022320 Deferred revenue -personal
022330 Deferred revenue -assessment
022300 Deferred revenue
Total for combined statement
TOTAL LIABILITIES
FUND EQUITY
027100 Fund Balance -reserved
TOTAL LIABILITY & FUND BALANCE
3010 3188 3500 3592 3593 3594
G.O. BOND WESTSIDE TIF SID REVOLVING 1992 S & C 1993 S & C 1994 S & C
SERIES 2000
$ 0 $ (3,786) S 87,155 S 0 $ 56 $ 0
5,177 1
9,521 11
9,463
516 35 64
543 6,419
$ 0 24,161 12 516 578 6,483
12,041
54,133 190 138 105
$ 0 54,133 12,041 190 138 105
$ 0 $ 74,508 $ 99,208 $ 706 $ 772 $ 6,588
1,153 422
$ 0 0 0 1,153 0 422
5,178 1
9,521 11
517 579 6,482
9,463
$ 0 24,162 12 517 579 6,482
$ 0 $ 24,162 $ 12 $ 1,670 S 579 $ 6,904
$ 0 50,346 99,196 (964) 193 (316)
$ 0 $ 74,508 $ 99,208 $ 706 $ 772 $ 6,588
71(amended)
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET - ALL FUNDS
June 30, 2001
ASSETS:
010100
Cash/Invest-unrestricted
010130
Cash Reserve for Bond contingency
011300
Taxes receivable - real
011500
Taxes receivable - personal
011700
Payment in Lieu receivable
011800
Assessments receivable
011900
Assessments receivable- deferred
Total for combined statement
013000
Due from Sidewalk & Curb funds
013230
Due from County
Total for combined statement
TOTAL ASSETS
LIABILITIES:
021134
Due to SID Revolving Fund
Total for combined statement
022310
Deferred revenue -real taxes
022320
Deferred revenue -personal
022330
Deferred revenue -assessment
022300
Deferred revenue
Total for combined statement
TOTAL LIABILITIES
FUND EQUITY
027100
Fund Balance -reserved
TOTAL LIABILITY & FUND BALANCE
3595 3596 3597 3598 3599 3600
1995 S& C 1996 S& C 1997 S& C 1998 S& C 1999 S& C 2000 S& C
$ 798 $ 34 $ 0 $ 0 $ 0 $ 0
539 40 174
7,919 6,074 4,360 1,265 3,317 2,315
8,458 6,114 4,534 1,265 3,317 2,315
25 215 105
25 215 105 0 0 0
$ 9,281 $ 6,363 $ 4,639 $ 1,265 $ 3,317 $ 2,315
263 324
0 263 324 0 0
8,458 6,113 4,534 1,265 3,317
2,315
8,458 6,113 4,534 1,265 3,317 2,315
$ 8,458 $ 6,376 $ 4,858 $ 1,265 $ 3,317 $ 2,315
823 (13) (219) 0 0 0
$ 9,281 $ 6,363 $ 4,639 $ 1,265 $ 3,317 $ 2,315
72
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET - ALL FUNDS
June 30, 2001
ASSETS:
010100
Cash/Invest-unrestricted
010130
Cash Reserve for Bond contingency
011300
Taxes receivable - real
011500
Taxes receivable - personal
011700
Payment in Lieu receivable
011800
Assessments receivable
011900
Assessments receivable- deferred
Total for combined statement
013000 Due from Sidewalk & Curb funds
013230 Due from County
Total for combined statement
TOTAL ASSETS
LIABILITIES:
021134
Due to SID Revolving Fund
Total for combined statement
022310
Deferred revenue -real taxes
022320
Deferred revenue -personal
022330
Deferred revenue -assessment
022300
Deferred revenue
Total for combined statement
TOTAL LIABILITIES
FUND EQUITY
027100
Fund Balance -reserved
TOTAL LIABILITY & FUND BALANCE
3637
3641
3642
3643
TOTAL OF ALL
SID 337
SID 341
SID 342
SID 343
DEBT SERVICE FUNDS
$ 0 $
408 $
7,031 $
2,312
$ 94,008
5,000
10,450
79,075
94,525
5,178
9,532
9,463
514
1,146
3,028
6,485
54,930
111,942
205,569
6,999
56,076
111,942
0
232,770
12,041
953
321
2,433
58,618
953
321
2,433
0
70,659
$ 7,952 $
61,805 $
131,856 $
81,387
$ 491,962
9,879
12,041
9,879
0
0 0
12,041
5,179
9,532
6,998
56,076
111,943
208,597
9,463
6,998
56,076
111,943 0
232,771
$ 16,877 $
56,076 $
111,943 $ 0
$ 244,812
(8,925) 5,729 19,913 81,387 247,150
$ 7,952 $ 61,805 $ 131,856 $ 81,387 $ 491,962
73(amended)
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
June 30, 2001
REVENUE:
310000 Total taxes
363000 Taxes/Assessments
320000 Total licenses/Permits
330000 Total Intergovernmental
370000 Total investment
TOTAL REVENUE
EXPENDITURES:
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
380000 Other financing sources (uses):
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 2000
Residual equity transfers
Fund Balance June 30, 2001
3010
G.O. BOND
BUDGET AFTER
ACTUAL TRANSFERS
T01 $ 3,841
U01
T24 92
C89 1,769
3188
WESTSIDE TIF
SERIES 2000
BUDGET AFTER
ACTUAL TRANSFERS
$ 151,944 $ 309,884
164,912 40,818
3500
SID REVOLVING FUND
BUDGET AFTER
ACTUAL TRANSFERS
$ 171
U20 109 56,676 188,176 1,163
5,811 0 373,532 538,878 1,334 0
NE
I89
186,958 186,958
152,392 152,392
0
0
0
0
339,350
339,350
0
5,811
34,182
199,528
1,334
0
79,075
5,811 0 34,182 199,528 80,409 0
7,326 16,164 18,787
(13,137) 0 0
$ (0) $ 50,346 $ 99,196
74
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
June 30, 2001
3592
1992 SIDEWALK & CURB
BUDGET AFTER
ACTUAL TRANSFERS
REVENUE:
310000
Total taxes
363000
Taxes/Assessments $
1,939 $
3,205
320000
Total licenses/Permits
330000
Total intergovernmental
370000
Total investment
TOTAL REVENUE
1,939
3,205
EXPENDITURES:
490300
S.I.D. bond principal
3,000
3,000
S.I.D. bond interest
105
205
S.I.D. bond agent fees
490000
TOTAL debt service
3,105
3,205
Excess revenues over (under) expenditures
(1,166)
0
380000
Other financing sources (uses):
383000
Operating transfers in
521000
Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
(1,166)
0
Fund Balance July 1, 2000
202
Residual equity transfers
0
Fund Balance June 30, 2001 $
(964)
3593
3594
1993 SIDEWALK & CURB
1994 SIDEWALK & CURB
BUDGET AFTER
BUDGET AFTER
ACTUAL TRANSFERS
ACTUAL TRANSFERS
$ 620 $ 144
$ 3,878 $ 4,333
620 144
3,878 4,333
3,500 3,500
44 144
744 844
44 144
4,244 4,344
576 0
(366) (11)
576 0
(366) (11)
(383)
50
0
0
$ 193
$ (316)
79
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
June 30, 2001
REVENUE:
310000 Total taxes
363000 Taxes/Assessments
320000 Total licenses/Permits
330000 Total intergovernmental
370000 Total investment
TOTAL REVENUE
EXPENDITURES:
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
380000 Other financing sources (uses):
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 2000
Residual equity transfers
Fund Balance June 30, 2001
3595 3596 3597
1995 SIDEWALK & CURB 1996 SIDEWALK & CURB 1997 SIDEWALK & CURB
BUDGET AFTER BUDGET AFTER BUDGET AFTER
ACTUAL TRANSFERS ACTUAL TRANSFERS ACTUAL TRANSFERS
$ 5,033 $ 3,751 $ 2,374 S 2,225 $ 1,318 $ 1,627
5,033
3,751
2,374
2,225
1,318
1,627
2,852
2,852
1,518
1,518
1,072
1,072
799
899
607
707
455
555
3,651
3,751
2,125
2,225
1,527
1,627
1,382
0
249
0
(209)
0
1,382 0
(559)
0
$ 823
76
249 0 (209) 0
(262) (10)
0 0
$ (13) $ (219)
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
3598
3599
3600
June 30, 2001
1998 SIDEWALK & CURB
1999 SIDEWALK & CURB
2000 SIDEWALK & CURB
BUDGET AFTER
BUDGET AFTER
BUDGET AFTER
ACTUAL TRANSFERS
ACTUAL TRANSFERS
ACTUAL TRANSFERS
REVENUE:
310000
Total taxes
363000
Taxes/Assessments
$ 325 $ 425
$ 447 $ 547
320000
Total licenses/Permits
330000
Total Intergovernmental
370000
Total investment
TOTAL REVENUE
325 425
447 547
0 0
EXPENDITURES:
490300
S.I.D. bond principal
211 211
221 221
S.I.D. bond interest
114 214
226 326
S.I.D. bond agent fees
490000
TOTAL debt service
325 425
447 547
0 0
Excess revenues over (under) expenditures
0 0
0 0
0 0
380000
Other financing sources (uses):
383000
Operating transfers in
521000
Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
0 0
0 0
0 0
Fund Balance July 1, 2000
0
0
0
Residual equity transfers
0
0
0
Fund Balance .June 30, 2001
$ 0
$ 0
$ 0
77
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
June 30, 2001
REVENUE:
310000 Total taxes
363000 Taxes/Assessments
320000 Total licenses/Permits
330000 Total intergovernmental
370000 Total investment
TOTAL REVENUE
EXPENDITURES:
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
380000 Other financing sources (uses):
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 2000
Residual equity transfers
Fund Balance June 30, 2001
3637
3641
3642
SID 337
SID 341
SID 342
BUDGET AFTER
BUDGET AFTER
BUDGET AFTER
ACTUAL TRANSFERS
ACTUAL TRANSFERS
ACTUAL TRANSFERS
$ 7,730 $
11,600
$ 9,393 $
15,183
$ 28,163 $
21,265
11,600
15,183
7,730
9,393
28,163
21,265
10,000
10,000
10,000
10,000
15,000
15,000
1,500
1,600
3,820
4,083
8,303
9,165
100
100
100
11,500
11,600
13,820
14,083
23,403
24,265
(3,770)
0
(4,427)
1,100
4,760
(3,000)
0
(3,770)
(4,427)
1,100
4,760
(3,000)
(5,155)
10,156
15,153
0
0
0
$ (8,925)
$ 5,729
$ 19,913
78
CITY OF KALISPELL
DEBT SERVICE FUNDS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
June 30, 2001
REVENUE:
310000 Total taxes
363000 Taxes/Assessments
320000 Total licenses/Permits
330000 Total intergovernmental
370000 Total Investment
TOTAL REVENUE
EXPENDITURES:
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
380000 Other financing sources (uses):
383000 Operating transfers in
521000 Operating transfers (out)
Excess revenues and other sources over
(under) expenditures and other uses
Fund Balance July 1, 2000
Residual equity transfers
Fund Balance June 30, 2001
3643
SID 343
BUDGET AFTER
ACTUAL TRANSFERS
2,312
2,312 0
0 0
2,312 0
79,075
81,387 0
0
0
$ 81,387
TOTAL
DEBT SERVICE FUNDS
BUDGET AFTER
ACTUAL
TRANSFERS
$ 155,785
$ 309,884
$ 61,391
$ 64,305
$ 92
$ 0
$ 166,681
$ 40,818
$ 60,260
$ 188,176
$ 444,209
$ 603,183
$ 234,332 $ 234,332
$ 169,109 $ 171,134
$ 100 $ 200
$ 403,541 $ 405,566
40,668 197,617
$ 158,150 $ 0
198,818 197,617
$ 61,469
$ (13,137)
$ 247,150
W
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
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
FUND EQUITY
27100 Fund balance
TOTAL LIABILITIES
AND FUND BALANCE
CITY OF KALISPELL
CAPITAL PROJECT FUNDS
ALL FUNDS - COMBINING BALANCE SHEET
June 30, 2001
4343
SID 343 CONST
$ 1,351,720
4290
1999 Walk & Curb
Construction
$ 1,351,720 $ 0
$ 11,606
$ 1,279
$ 11,606 $ 1,279
1,340,114 (1,279)
$ 1,351,720 $ 0
TOTAL
CAPITAL
PROJECT FUNDS
$ 1,351,720
0
$ 1,351,720
$ 11,606
$ 1,279
0
$ 12,885
1,338,835
$ 1,351,720
JUNE 30, 2001
REVENUES:
343017 S&C Construction Charge
TOTAL REVENUES
EXPENDITURES:
430200 Capital Improvements
TOTAL EXPENDITURES
Revenues over (under) expenditures
Other financing sources (uses):
381004 Bond Proceeds
Transfers Out
Revenue and other financing
sources over (under) expenditures
and other financing uses
Fund Balance July 1, 2000
Fund Balance June 30, 2001
CITY OF KALISPELL
CAPITAL PROJECT FUNDS -ALL FUNDS
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
TOTAL
4343
BUDGET
4290
BUDGET
BUDGET
SID 343 CONST
AFTER
2000 Walk & Curb
AFTER
ACTUAL
AFTER
TRANSFERS
Construction
TRANSFERS
TRANSFERS
1,345
1,345
0
1,345
0
0
0
1,345
0
43,236
1,420,350
2,566
25,000
45,802
1,445,350
2,566
25,000
43,236
1,420,350
45,802
1,445,350
(1,221)
(25,000)
(44,457)
(1,445,350)
(43,236)
(1,420,350)
1,581,500
1,581,500
2,315
25,000
1,583,815
1,606,500
(198,150)
(198,150)
(198,150)
(198,150)
1,094
1,340,114
1,341,208
(37,000)
0
(2,373)
(2,373)
$ 1,340,114
$ (1,279)
$ 1,338,835
82
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
N-W
June 30, 2001
ASSETS
Current Assets:
10100
Cash - unrestricted
10120
Cash -replacement
10180
Cash -Sinking & interest
10130
Cash -Bond Reserve
10131
Cash -Invest R & D
10132
Cash-SRF Loan Reserve
10135
Cash -Operating Reserve
10125
Cash -Replacement /Evergreen
10100
Cash -Capital Improvement
10100
Cash -Storm Maintenance
Total Cash
Receivables:
11800
Assessments Receivable
12200
Accounts Receivable
13230
Due from County
15200
Operating Inventory
Total Current Assets
Property, Plant & Equipment:
18100
Land
18200
Buildings & Structures
18600
Machinery & equipment
18800
Construction in Progress
18910
Source of Supply
18920
Pumping plant
18930
Treatment Plant
18940
Transmission & Distribution
18950
General Plant/buildings
18960
Storm Sewer System
Total Property, Plant & Equipment
less Accumulated Depreciation
Net Property & Equipment
TOTAL ASSETS
CITY OF KALISPELL
ENTERPRISE FUNDS - ALL FUNDS
COMBINING BALANCE SHEET
5210
WATER
5310
SEWER
5410
AMBULANCE
5510
GARBAGE
TOTAL
$ 615,200 $
890,755 $
41,135 $
112,421 $
1,659,511
454,301
1,197,087
64,764
85,761
1,801,913
1,649
922
10,909
13,480
106,000
685,500
16,000
807,500
31,875
31,875
48,083
48,083
114,000
114,000
1,849,862
1,849,862
1,130,941
1,130,941
744,754
744,754
1,225,233
6,645,696
105,899
225,091
8,201,919
19,015
36,577 55,592
92,302 188,975
195,187 476,464
31,042
49,534 80,576
96,367
96,367
1,413,902 6,884,728
301,086 311,202 8,910,918
248,063
248,063
316,731
316,731
426,626
369,512
1,213,265
2,009,403
102,606
287,840
390,446
767,838
767,838
1,437,905
1,437,905
14,591,174
14,591,174
9,535,407
8,699,056
18,234,463
748,221
619,722
1,367,943
4,144,176
4,144,176
12,591,977
29,016,657
369,512
1,529,996
43,508,142
(3,930,408)
(11,965,992)
(234,364)
(798,203)
(16,928,967)
8,661,569
17,050,665
135,148
731,793
26,579,175
$ 10,075,471
$ 23,935,393 $
436,234 $
1,042,995 $
35,490,093
84
June 30, 2001
LIABILITIES AND FUND EOUITY
Current Liabilities:
20200
Accounts Payable
21255
Due Village Green Swr
Subtotal current liabilities
Noncurrent Liabilities:
23100
Bonds Payable
23100
SRF Loan Payable
23625
Board of Investment Loans
23900
Comp. Absences Payable
Subtotal long-term
liabilities
TOTAL LIABILITES
ENTERPRISE FUNDS - ALL FUNDS
COMBINING BALANCE SHEET
5210 5310 5410 5510
WATER SEWER AMBULANCE GARBAGE TOTAL
42,004 $ 114,017 $ 8,412 $ 2,046 $ 166,479
S 1,500 $ 1,500
795,000
2,435,000
3,230,000
653,433
2,607,000
3,260,433
30,078
60,154
159,265 249,497
40,066
54,645
42,945 32,160 169,816
1,518,577
51562799
42,945 191,425 6,909,746
,
, ,
> , ,
FUND EQUITY:
26300 Contributed Capital
From Government
193,030
5,849,420
From SiD's
100,928
231,480
From Developers
2,456,429
2,478,931
Prom'1'aa Increment
684 145
i 154,558
Subtotal Contributed Capital
, ,
,389
RETAINED EARNINGS:
25000 Reserve for Inventory
96,367
Reserve for Meter Replacement
16,8451
Reserve sinking & int.
1,649 ,
922
Reserve Revenue Bond
106,000-
685,500
Reserve for SRF Loan
48,083
Reserve Capital Improv./Construction
1,162,816
Reserve for Operations
114,000
Reserve for wwtp replacement/Evergreen
1,849,862
Reserve Replace & Depr.
437,457-
1,197,087
Reserve Storm Maint.
812,678
27200 Unreserved Retained Earnings
10,909
16,000
6,042,450
1
96,367
16,845
13,480
807,500
48,083
1,162,816
114,000
1,849,862
1,634,544
812,678
Designated for Replacement
64,764
85,761
150,525
Undesignated Retained Earnings 4,373,958 3,125,823
320,113
736,854
8,556,748
TOTAL RETAINED EARNINGS 5,080,358 8,948,688
384,877
849,524
15,263,448
TOTAL LIABILITIES AND FUND EQUITY $ 10,075,471 $ 23,935,393 $
436,234 $
1,042 995 $
35 490,093
E-19
ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES
IN RETAINED EARNINGS - ALL ENTERPRISE FUNDS
June 30, 2001
WATER SEWER AMBULANCE
GARBAGE
TOTAL
OPERATING REVENUE:
340000 Charge for Water/Sewer
$ 1,040,684 $ 2,309,187
$
3,349,871
340000 Charge for services
46,029 704,353
490,826
1,241,208
360000 Miscellaneous
4,280 125 25
4,430
360000 Special Assessments
261,583
3,609
265,192
TOTAL OPERATING REVENUE 1,090,993 2,570,895 704,378
494,435
4,860,701
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
381050 Inception of Lease
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 Earnings
Retained earnings - 7/l/00
Prior Period Adjustments
Retained earnings - 6/30/01
464,273
600,544
420,002
296,873
1,781,692
21,714
53,442
11,448
14,326
100,930
223,998
498,113
56,834
23,312
802,257
42,992
5,948
48,940
101,215
199,190
49,289
83,340
433,034
1,499
2,395
140,506
144,400
251,575
1,167,045
37,922
82,190
1,538,732
1,1071266
2,526,677
716,001
500,041
4,849,985
(16,273) 44,218 (11,623) (5,606) 10,716
59,025 149,778 208,803
84,747 326,820 6,131 16,341 434,039
(48,200) (287,579) (7,424) (343,203)
95,572 189,019 6,131 8,917 299,639
79,299 233,237 (5,492) 3,311 310,355
60,086 598,707 658,793
139,385 831,944 (5,492) 3,311 969,148
4,940,973 8,123,748 390,369 846,213 14,301,303
(7,004) (7,004)
$5,080,358 $8,948,688 $384,877 $849,524 15,263,447
86
CITY OF KALISPELL
JUNE 30, 2001
COMBINED STATEMENT OF CASH FLOWS
WATER
SEWER
AMBULANCE
GARBAGE
TOTAL
FUND
FUNDS
FUND
FUND
FUNDS
Cash flows from Operating Acitivies:
Cash Received From Customers
$1,016,634
$2,277,271
$510,273
$3,804,178
Cash Received From Assessments
$263,621
$482,880
$746,501
Cash Payments to Suppliers for Goods & Services
($379,580)
($711,687)
($119,892)
($125,842)
($1,337,001)�
Cash Payments to Employees for Services
($461,222)
($596,206)
($409,953)
($290,677)
($1,758,OS8j
Cash From Other Operating Revenues
$50,309
$125
$25
$50945
Net Cash Provided by Operating Activities
$226,141
$1,233,124
($19,547),$1,506,U75-
Cash Flows From Capital and Related Financing
Activities:
Acquisition and Construction of Capital Assets
($1,239,652)
($436,251)
($78,663)
($320,116)
($2,074,682)
Board of Investment loans
$653,433
$159,265
$812,698
Principal Paid on Debt Service
($64,256)
($409,512)
($145,000)
($618,768)
Interest Paid on Debt Service
($48,201)
($287,579)
($7,424)
($3439204)
Cash Received From Hookups
$59,025
$1499778
$208,803
Net Cash Used for Capital and Related
Financing Activities
($639,651)
($983,564)
($78,663)
($313 275)
($2,015,153)
Cash Flows From Investing Activities:
Interest on Investments
$84,747
$3269820
$69131
$16,340
$434,038
Advance to other funds net of repayments
$0
Purchase of Sidewalk and Curb Warrants
($2,315)
($2,315)
Redemption of Sidewalk and Curb Warrants
$12,474
$12,474
Net Cash Used in Investing Activities
$84J47
$336,979
$6,131
$16,340
$444,197-
Net Increase in Cash and Cash Equivalents
($328,763)
$586,539
($92,079)
($230,574)
($64,877)
Cash and Cash Equivalents at July 1, 2000
$1,553,996
$6,027,382
$197,977
$455,664
$8,235,019
Cash and Cash Equivalents at June 30, 2001
$1,225,233
$6,613,921
$105,898
$225,090
$891709142
Note: Water Fund non cash developers' contributions were $ 200,614.
Sewer/storm developers' conrtibutions were $147,413.
CITY OF KALISPELL
COMBINED STATEMENT OF CASH FLOWS-con't.
JUNE 30, 2001
Reconciliation of Operating Income to Net Cash
ftavided 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 he
casbwe4itivaleut&
WATER SEWER
FUND FUNDS
($20,818) $44,218
$256,120 $1,167,045
$1,499 $2,395
($24,050)
($31,916)
$2,038
$5,180
$5,159
$45,006
$3,051
$4,338
AMBULANCE GARBAGE TOTAL
FUND FUND FUNDS
($11,623)
($5,606)
$6,171
$37,922
$82,190
$1,543,277
$192,395
$196,289
($245,968)
($301,934)
($11,555)
($9,517)
$5,180
($2,321)
($4,864)
$42,980
$10,048
$6,196
$23,633
$226,141 $1,233,124 $19,547 $66,361 $1,506,079
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
CITY OF KALISPELL
INTERNAL SERVICE FUNDS
COMBINING BALANCE SHEET
June 30, 2001
6030
6050
DATA
EMPLOYEE
ASSETS
PROCESSING
HEALTH FUND
TOTAL
Current Assets:
10100 Cash - unrestricted
$
72,339
$
502,498
$
574,837
10120 Cash - Replacement
$
28,339
$
0
$
28,339
Total Cash
$
100,678
$
502,498
$
603,176
18600 Machinery & equipment
$
296,722
$
0
$
296,722
18700 less Accumulated Depreciation
$
(196,434)
$
0
$
(196,434)
Net Property & Equipment
$
100,288
$
0
$
100,288
TOTAL ASSETS
LIABILITIES AND FUND EQUITY
Current Liabilities:
20200 Accounts Payable
20820 Est. liability for claims
Subtotal current liabilities
TOTAL LIABILITES
FUND EQUITY:
27200 Unreserved Retained Earnings
Designated for Replacement
Undesignated Retained Earnings
TOTAL RETAINED EARNINGS
TOTAL FUND EQUITY
$ 200,966 $ 502,498 $ 703,464
$ 4,931 $ 0 $ 4,931
$ 124,219 $ 124,219
$ 4,931 $ 124,219 $ 129,150
$ 4,931 $ 124,219 $ 129,150
$ 28,339 $ 28,339
$ 167,696 $ 378,279 $ 545,975
$ 196,035 $ 457,257 $ 653,292
$ 196,035 $ 378,279 $ 574,314
TOTAL LIABILITIES AND FUND EQUITY $ 200,966 $ 502,498 $ 703,464
90 (amended)
CITY OF KALISPELL
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES
IN RETAINED EARNINGS - ALL INTERNAL SERVICE FUNDS
June 30, 2001
OPERATING REVENUES
383000 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, 2000
Retained earnings- June 30, 2001
DATA EMPLOYEE
PROCESSING HEALTH TOTAL
FUND FUND FUNDS
$ 118,724 $ 841,542 $ 960,266
$ 32 $ 32
$ 118,756 $ 841,542 $ 960,298
$
0
$
0
$
7,243
$
7,243
$
32,512 $
1,068,113 $
1,100,625
$
24,508
$
24,508
$
51,370
$
51,370
$
115,633 $
1,068,113 $
1,183,746
$
3,123 $
(M,571) $
(223,448)
$ 6,248 $ 36,626 $ 42,874
$ 6,248 $ 36,626 $ 42,874
$ 9,371 $ (189,945) $ (180,574)
$ 543 $ 0 $ 543
$ 9,914 $ (189,945) $ (180,031)
$ 186,121 $ 568,224 $ 754,345
$ 196,035 $ 378,279 $ 574,314
91(amen('ecl )
CITY OF KALISPELL
INTERNAL SERVICE FUNDS - STATEMENT OF CASH FLOWS
June 30, 2001
Cash flows from Operating Activities:
Cash received from Internal Services
Cash payments to suppliers
Net cash provided by operating activities
Cash flows from Capital and related financing activites:
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, 2000
Cash & cash equivalents at June 30, 2001
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
$118,756 $841,542 $960,298
($64,079) ($997,331) ($1,061,410)
$54,677 ($155,789) ($101,112)
($84,794) $0 ($84,794)
($84,794) $0 ($84,794)
$6,249 $36,626 $42,875
$6,249 $36,626 $42,875
($23,868)
$124,546
($119,163)
$621,661
($143,031)
$746,207
$100,678 $502,498 $603,176
$3,666
$50,827
($648)
$832
($226,571)
($222,905)
$50,827
($648)
$832
$70,782 $70,782
$51,011 $70,782 $121,793
$54,677 ($155,789) ($101,112)
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.
9 2 (am-_P1Oed )
III. Financial Statements - by Fund type
C. Individual Statement - by Fund type
7. Trust and Agency Funds
a. Combining Balance Sheet
93
ASSETS:
10000 Cash/Investments
TOTAL ASSETS
LIABILITIES:
20000 Short-term payable
TOTAL LIABILITIES
CITY OF KALISPELL
TRUST AND AGENCY FUNDS
June 30, 2001
7910 7940
Payroll Performance
Clearing Bonds TOTAL
$102,361 $1,656 $104,017
$102,361 $1,656 $104,017
$102,361 $1,656 $104,017
$102,361 $1,656
$104,017
94
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
95
18100
18200
18400
18600
18800
LAND
BUILDINGS
IMPROV. OTHER
MACHINERY
CONSTRUCTION
TOTAL
THAN
BUILDINGS &
EQUIPMENT
IN PROGRESS
BALANCE
July 1, 2000 $
1,773,432
$
9,292,833
$
3,479,220
$
3,349,561
$
0
$
17,895,046
Additions from:
General Fund
$
3,626
$
13,989
$
130,438
$
10,145
$
158,198
Special Revenue Fund,4 $
207,174
$
38,720
$
38,820
$
144,428
$
429,142
Capital Projects
$
43,236
$
43,236
Donations
$
46,000
$
5,435
$
51,435
Grants
$
0
$
0
TOTAL ADDITIONS $
207,174
$
88,346
$
58,244
$
274,866
$
53,381
$
682,010
Deduct:
Disposition of fixed assets
$
(38,294)
$
(38,294)
TOTAL DEDUCTIONS $
-
$
0
$
0
$
(38,294)
$
-
$
(38,294)
BALANCE
June 30, 2001 $
1,980,606
$
9,381,179
$
3,537,464
$
3,586,133
$
53,381
$
18,538,762
96(amended)
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
DEBT PAYABLE:
23100
G.O. Bond payable
23280
Urban Renewal Bonds
23100
SID Bonds payable
23620
Board of Housing Loan
23625
Board of Investments -Equip Loans
23630
Board of Investments -Stream Loan
23900
Compensated Absenses payable
June 30, 2001
Balance Additions
July 1, 2000 (Deductions)
$0
$37,979
$158,825
$9,341
$41,006
$0
$224,923
$1,376,548
$2,490,659
($227,964)
$455,000
($215,000)
$1,297,891
$82,192
Balance
June 30, 2001
$0
$196,804
$50,347
$0
$1,601,471
$2,262,695
$240,000
$1,380,083
$4,515,793 $1,215,607 $5,731,400
$0
$0
$455,000
($215,000)
$240,000
$262,902
$1,535,373
$1 798 27
$250,711
($4,579)
w $246,132
$228,598
$48,174
$276,772
$2,500,000
($186,958)
$2,313,042
$818,582
$38,597
$857,179
TOTAL DEBT PAYABLE $4,515,793 $1,215,607 $5,731,400
97
IV. Supplemental Schedules
A. 10 year history of taxable valuation
B. General Statistical Information
C. Tax Levy Requirements Schedule
CITY OF KALISPELL
10 YEAR HISTORY
OF TAXABLE VALUATION
2000/2001 $21,153,794
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
CITY OF KALISPELL
GENERAL STATISTICAL INFORMATION
Class of City First
County Located In Flathead County
Year Organized 1892
Registered Voters 7,148 active
1,018 inactive
Population of City 14,223
Form of Government Manager/Council
No. of Employees (Elected) 10
No of Employees (Non -Elected) 149
Miles of Streets & Alleys 95
Municipal Water/Sewer
Number of Consumers 6,117
Water Rate per 1,000 Gallons $1.39
Sewer Rate per 1,000 Gallons $3.28
Customer service costs $2.65 each per billing period
100
City of Kalispell
Budgets
F/Y 2001
Tax Levy Requirements Schedule
Taxable Valuation $21,153,794
One Mill Yields $21,154
Anticpated
FY2001
Reserves
Total
Available
Non -tax
Tax
Total
Fund
Appropriation
6/30/2001
Requirements
Cash 7/1/00
Revenues
Revenues
Requirements
Mills
EXP DET
REV DET
1000 General
$4,906,087
$921,976
$5,828,063
$920,776
$3,168,348
$1,738,939
$5,828,063
76.25
REV PROD
REV PROJ
2360 Comprehensive Ins.
$314,226
$155,108
$469,334
$160,777
$21,327
$287,230
$469,334
12.86
2370 Retirement
$361,400
$148,670
$510,070
$157,813
$26,628
$325,629
$510,070
14.39
2380 Health Insurance
$456,014
$220,696
$676,710
$222,853
$31,985
$421,872
$676,710
18.50
TOTAL
$6,037,727
$1,446,450
$7,484,177
$1,462,219
$3,248,288
$2,773,670
$7,484,177
122
101
City of Kalispell
Budgets
F/Y 2001
Tax Levy Requirements Schedule
Taxable Valuation $21,153,794
One Mill Yields $21,154
Anticpated
FY2001
Reserves
Total
Available
Non -tax
Tax
Total
Fund
Appropriation
6/30/2001
Requirements
Cash 7/l/00
Revenues
Revenues
Requirements
Mills
1000 General
$4,906,087
$796,014
$5,702,101
$920,776
$3,168,348
$1,612,977
$5,702,101
76.25
2360 Comprehensive Ins.
$314,226
$155,108
$469,334
$160,777
$36,519
$272.038
$469,334
12.86
2370 Retirement
$361,400
$148,514
$509,914
$157,813
$47,698
$304,403
$509,914
14.39
2380 Health Insurance
$456,014
$220,760
$676,774
$222,853
$62,576
$391,345
$676,774
18.50
TOTAL
$6,037,727
$1,320,396
$7,358,123
$1,462,219
$3,315,141
$2,580,763
$7,358,123
122