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11. Other BudgetsBUDGETSOTHER Page No. FUND No. 1 2927 Cultural Art Grants $ 8,950 2 3000 Debt Service Funds: total $ 1,954,844 4 Sidewalk & Curbs 5 SIDs 341- 344 6 G. O. Bond -Pool 8 G. O. Bond FireHall 10 City Hall Debt Service 11 Airport TIF Debt Service 13 2372 Health Permissive Levy $ 577,326 $ 2,541,120 MONTANA CULTURAL FUND: 2927-400-460452.... 460454 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 010100 CASH: operating REVENUE 334061 Hockaday 334062 Glacier Chorale 334063 NW MT Historical Society Total Revenue Total Available EXPENSES 400 CULTURAL ARTS GRANTS 460452 354 Hockaday grant 460454 354 Glacier Orchestra & Chorale 460456 354 NW MT Historical Society ENDING CASH Cash Carry Over amended estimated ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/11 $0 $0 $0 $0 $0 $0 $3,750 $17,304 $7,500 $1,216 $12,104 $3,750 $1,216 $5,200 $3,750 $0 $3,750 $26,020 $17,070 $8,950 $3,750 $26,020 $17,070 $8,950 $3,750 $0 $0 $17,304 $7,500 $1,216 $12,104 $3,750 $1,216 $5,200 $3,750 $0 $3,750 $26,020 $17,070 $8,950 $0 $26,020 $0 $0 PROGRAM DESCRIPTION The Montana Arts Council provides an annual grant to the Hockaday, the Glacier Chorale and NW Montana Historical Society. The City is the sponsor for these Grants. The funds flow through the City's books and so are budgeted here. These are grant amounts approved by the legislature for the 2010 & 2011 years. 1 FUND PROGRAM OF SERVICES DEBT SERVICE FUNDS REVENUE EXP. CASH 7/1/10 ANTICIPATED PROJECTION CASH CARRY OVER 6/30/2011 AIRPORT TIF DEBT $211,384 $662,500 $680,435 $193,449 NEW CITY HALL DEBT $314 $156,753 $156,757 $310 REVOLVING $245,590 $4,000 $12,000 $237,590 G.O.BOND-POOL $12,072 $284,695 $291,888 $4,879 G.O.BOND-FIRE HALL $31,693 $267,585 $267,358 $31,920 2002 S&C $0 $2,242 $2,242 $0 2003 S&C $0 $1,858 $1,858 $0 2004 S&C $0 $4,557 $4,557 $0 2005 S&C $0 $3,687 $3,687 $0 2007 S&C $0 $2,620 $2,620 $0 2008 S&C $0 $1,379 $1,379 $0 2009 S&C $0 $1,330 $1,330 $0 S& C Totals $0 $17,673 $17,673 $0 SID 341 $7,691 $10,500 $9,310 $8,881 SID 342 $5,450 $5,215 $10,665 $0 SID343 $79,075 $113,800 $113,800 $79,075 SID 344 $273,326 $394,958 $394,958 $273,326 SID Totals $365,542 $524,473 $528,733 $361,282 Total $866,595 $1,917,679 $1,954,844 $829,430 2 11)"EBT SERVICE FUNDS: 3000 DEBT SERVICE 3010-Gen Oblig Bond 2002- Aquatic Facility Principal Interest Fiscal Agent Fees SUBTOTAL 3162-Gen Oblig Bond 2005- Fire Station #62 Principal Interest Fiscal Agent Fees ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/11 $155,000 $135,563 $160,000 $128,588 $300 $160,000 $128,588 $300 $170,000 $121,588 $300 $290,563 $288,888 $288,888 $291,888 $175,000 $180,000 $180,000 $185,000 $97,958 $87,458 $87,458 $82,058 $300 $300 $300 $300 $273258 $267,758 $267,758 $267,358 3170 New City Hall Debt Service Principal (amended Res. 5277-refinance) $68,577 $95,923 $95,925 $100,632 Interest $48 021 $60 830 $60 830 $56 125 3188-Westside TIF Debt Service Principal Interest Operating Transfer 3185-AIRPORT TIF Debt Service Principal Interest & fiscal agent fees Operating Transfer 3600-3609 Sidewalk & Curbs Principal Interest 3641-3642-3643-3644 SID's Principal Interest Fiscal Agent Fees SUBTOTAL $116,598 $156,753 $156,755 $156,757 $74,197 $78,877 $78,877 $0 $8,372 $3,693 $3,693 $0 $350,000 $487,172 $487,172 $0 SUBTOTAL $432,569 $569,742 $569,742 $0 $115,000 $120,000 $120,000 $120,000 $69,603 $65,275 $65,175 $60,435 $300,000 $550,000 $550,000 $500,000 SUBTOTAL $484,603 $735,275 $735,175 $680,435 $12,424 $13,260 $13,259 $14,214 $4,174 $3,423 $3,423 $3,459 SUBTOTAL $16,598 $16,683 $16,682 $17,673 $315,000 $350,000 $345,000 $320,000 $236,953 $224,103 $223,863 $203,833 $900 $1,200 $900 $4,900 SUBTOTAL $552,853 $575,303 $569,763 $528,733 3500 SID Revolving Fund - transfers SUBTOTAL $15,000 $12,000 $0 $12,000 TOTAL $2,182,042 $2,622,400 $2,604,763 $1,954,844 3 "r-4BT SERVICE FUNDS: 3000 DEBT SERVICE ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/11 3602 2000-2002S&C Principal $1,960 $1,671 $1,671 $1,671 Interest $280 $142 $142 $71 close out $500 3603 2003 S & C Principal $1,720 $1,720 $1,720 $1,720 Interest $275 $207 $207 $138 3604 2004 S & C Principal $3,962 $3,963 $3,962 $3,962 Interest $990 $792 $792 $595 3605 2005 S & C Principal $2,856 $2,857 $2,857 $2,857 Interest $1,242 $1,035 $1,035 $830 3607 2007 S & C Principal $1,926 $1,926 $1,926 $1,926 Interest $1,387 $809 $809 $694 3608 2008 S & C Principal $0 $1,123 $1,123 $1,123 Interest $0 $438 $438 $256 3609 2009 S & C Principal $955 Interest $375 Sub Total S&C's $16,598 $16,683 $16,682 $17,673 InW 11"IEBT SERVICE FUNDS: 3000 DEBT SERVICE 3641 SID 341 (final year) Principal Interest closeout to revolving 3642 SID 342 (final year) Principal Interest Fiscal Agent Fees 3643 SID 343 Principal Interest Fiscal Agent Fees 3644 SID 344 Principal Interest Fiscal Agent Fees SID'S Subtotal EXPENDITURE DETAIL ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/11 $5,000 $10,000 $5,000 $5,000 $925 $620 $620 $310 $0 $300 $0 $4,000 $5,000 $5,000 $5,000 $10,000 $1,250 $938 $938 $365 $300 $300 $300 $300 $80,000 $110,000 $110,000 $80,000 $47,570 $44,000 $43,760 $33,500 $300 $300 $300 $300 $225,000 $225,000 $225,000 $225,000 $187208 $178,545 $178,545 $169,658 $300 $300 $300 $300 $552,853 $575,303 $569,763 $528,733 The SID Revolving fund is used to make loans to individual Special Improvement District debt service funds to pay for shortfalls of revenue needed to pay principal and interest. Close out of funds is budget with transfer per GAS1334. We have numerous SID's and Sidewalk & Curb funds which are assessed against the property and billed on the County tax notice to the property owner. 5 2002 G. 0. BOND -Aquatics PROJECTED BEGINNING CASH 10165 Cash, Bond Account REVENUE 311100 Real Estate Taxes (billed) 311200 Personal Property Taxes (billed) 312000 Penalty & Interest 371010 Interest Earnings Total Revenue TOTAL AVAILABLE Debt Service ENDING CASH Cash, Bond Account 7.75 mills 7.5 mills 7.5 mills 7.5 mills ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/11 $24,846 $17,425 $17,425 $12,072 $266,958 $13,124 $1,320 $1,740 $270,000 $13,795 $1,000 $1,000 $267,362 $13,470 $1,398 $1,305 $282,360 $13,500 $500 $400 $283,142 $285,795 $283,535 $296,760 $307,988 $303,220 $300,960 $308,832 $290,563 $288,888 $288,888 $291,888 $17,425 $14,332 $12,072 $16,944 ro 2 G. 0. BOND -Aquatics Facility FUND: 3010-000-490100 ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/011 610 Principal $155,000 $160,000 $160,000 $170,000 620 Interest $135,563 $128,588 $128,588 $121,588 630 Fiscal agent fees $0 $300 $300 $300 Total Debt Service $290,563 $288,888 $288,888 $291,888 The voters of Kalispell approved a General Obligation Bond for the construction of a new aquatics facility and skateboard park. The new pool's first year of operations was the 2004 summer. This is a 20 year bond with final payment 7/1/2022. The interest rate is 4.66%. 7 20050. / -r 000••000 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10165 Cash, Bond Account REVENUE 311100 Real Estate Taxes (billed) 311200 Personal Property Taxes (billed) 312000 Penalty & Interest 371010 Interest Earnings Total Revenue TOTAL AVAILABLE Debt Service ENDING CASH Cash, Bond Account 7.5 mills 7.0 mills 7.0 mills 6.7 mills ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/010 FY09/010 FY10/011 $29,890 $33,260 $33,260 $31,693 $259,223 $252,000 $249,439 $250,302 $13,999 $13,350 $13,706 $14,000 $1,366 $1,000 $1,383 $1200 $2,040 $1200 $1,663 $1,200 $276,628 $267,550 $266,191 $266,702 $306,518 $300,810 $299,451 $298,395 $273,258 $267,758 $267,758 $267,358 $33,260 $33,052 $31,693 $31,037 8 2005BOND ., ACTUAL ACTUAL BUDGET BUDGET FY07/08 FY08/09 FY09/10 FY10/011 610 Principal $165,000 $175,000 $180,000 $185,000 620 Interest $107,858 $97,958 $87,458 $82,058 630 Fiscal agent fees $300 $300 $300 $300 Total Debt Service $273,158 $273,258 $267,758 $267,358 The voters of Kalispell approved a General Obligation Bond for the construction of a new fire hall. This is a $3,000,000 bond ,15 year - final payment 7/l/2020. The interest rate is 3.94%. N TWIV CITY HALL DEBT SERVICE 1 111 4' 1 11 BEGINNING CASH 10100 CASH: REVENUES General Fund - Entitlement FYI 1 361050 Water Water billing Sewer Sewer billing Storm Street Main Garbage Comm Dev. Total Revenue TOTAL AVAILABLE DEBT SERVICE 610 Refinance 610 Principal -12 year $1,420,165 620 Interest -4.85% ENDING CASH 10100 CASH: ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/11 $20,648 $0 $0 $314 $50,500 $97,186 $97,500 $97,184 $6,275 $7,838 $7,838 $7,838 $5,500 $7,838 $7,838 $7,838 $6,275 $7,838 $7,838 $7,838 $5,500 $7,838 $7,838 $7,838 $6,275 $7,838 $7,838 $7,838 $4,650 $7,838 $7,838 $7,838 $6,275 $7,838 $7,838 $7,838 $4,700 $4,703 $4,703 $4,703 $95,950 $156,755 $157,069 $156,753 $116,598 $156,755 $157,069 $157,067 $68,577 $95,925 $95,925 $100,632 $48,021 $60,830 $60,830 $56,125 $116,598 $156,755 $156,755 $156,757 $0 $0 $314 $310 Debt service funded by charges from all departments housed in the new facility. General Fund share funded directly from Entitlement dollars to eliminate double budgeting in the General fund. 10 000,•000 PROJECTED VENUE AND FUND SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/11 BEGINNING CASH 10165 Cash, Bond Account $13,000 $112,010 $112,010 $26,509 10130 Cash, Bond Reserve $184,875 $184,875 $184,875 $184,875 REVENUE 311100 Real Estate Taxes (billed) $524,200 $560,000 $585,080 $600,000 311200 Pers. Property Taxes (budget billed; actual collet $56,473 $60,000 $61,154 $60,000 312000 Penalty & Interest $2,940 $3,500 $3,440 $2,500 Total Revenue $583,613 $623,500 $649,674 $662,500 TOTAL AVAILABLE $596,613 $735,510 $761,684 $689,009 EXPENDITURES Expenditures $484,603 $735,275 $735,175 $680,435 ENDING CASH Total Cash Available for: $296,885 $185,110 $211,384 $193,449 10165 Cash, Bond Account $112,010 $235 $26,509 $8,574 10130 Cash, Bond Reserve $184,875 $184,875 $184,875 $184,875 11 2005 AIRPORTBOND-Debt FUND: 3185-000490700 u : . ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/11 610 Principal $115,000 $120,000 $120,000 $120,000 620 Interest $69,303 $64,875 $64,875 $60,135 630 Fiscal agent fees $300 $400 $300 $300 Total Debt Service $184,603 $185,275 $185,175 $180,435 Operating Transfer to TIF / new bond debt service $300,000 $550,000 $550,000 $500,000 Total Debt Service Fund $484,603 $735,275 $735,175 $680,435 Current debt is a 15 year bond for $2,000,000 with final payment 7/1/2023; 4.11% -3.87% Revenue in excess of the debt service is transferred to the Airport Tax Increment District 12 IREALTH-permissive levy FUND: 23 72400-521000-810 REVENUE PROJECTION 16.22 mills 15.20 mills 15.2 15.2 BEGINNING CASH 10100 Cash on Hand REVENUE 311100 Real Estate taxes 311200 Personal Property taxes 312000 Penalty & Interest Total Revenue Total Available EXPENDITURES 521000 Health Insurance -transfer to General Fund Health Insurance -transfer to PARKS ENDING CASH Cash Carry over Increase in Health Premiums 5 %. Estimated ACTUAL BUDGET ACTUAL BUDGET FY08/09 FY09/10 FY09/10 FY10/11 $ 8,658 $ 15,579 $ 15,579 $ 18,053 $ 555,328 $ 548,000 $ 548,000 $ 547,326 $ 25,896 $ 28,863 $ 29,339 $ 30,000 $ 2,312 $ 2,000 $ 1,750 $ 1,750 $ 583,536 $ 578,863 $ 579,089 $ 579,076 $ 592,194 $ 594,442 $ 594,668 $ 597,129 $ 576,615 $ 576,615 $ 576,615 $ 512,326 $ 65,000 $ 577,326 $ 15,579 $ 17,827 $ 18,053 $ 19,803 Levy amount changed little due to reduced number of employees. 13 IL HEALTH -permissive levy FUND: 2372-400-521000-810 Health Insurance ACTUAL BUDGET BUDGET FY08/09 FY09/10 FY10/11 $ 576,615 $ 576,615 $ 577,326 $ 576,615 $ 576,615 $ 577,326 This budget is used to track the revenue from the permissive mill levy which provides funding for the increased premiums from the rate increase in FY2003. Health insurance premiums are budgeted in the General Fund by department. The revenue generated from the permissive levy is used to make an operating transfer to the General Fund. The last legislature restructured the method for calculating the amount to be levied with the permissive health levy. The new calculation sets year 2000 as a base year and calculates the average increase per governmental employee times the number of employees. Since it is an average amount, currently $422 per employee, it is not necessary to adjust for single, married, 2 party, etc. Although we had a 5 % increase in premiums, the calculation takes into effect the number of employees also. We have 33 less employees than we had in year 2000 in the General Fund and less emplyees than last year. The mill calcuaation will be adjusted when we receive the new values from Department of Revenue. 14