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09. Other BudgetsPage No. FUND No. 1 2927 Cultural Art Grants $ 27,000 2 3000 Debt Service Funds: total $ 1,923,349 4 3600 Sidewalk & Curbs 5 3640 SIDS 343- 344 6 3010 G. O. Bond -Pool 7 3162 G. O. Bond Fire Hall 8 3170 City Hall Debt Service 9 3185 Airport TIF Debt Service 10 2372 Health Permissive Levy $ 648,147 Total Debt service & Misc. Budgets $ 2,598,496 CULTURALMONTANA ARTS GRANT 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 Cary Over Estimated ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $0 $0 $0 $0 $12,104 $3,750 $1,216 $5,200 $3,750 $0 $5200 $3,750 $0 $9,000 $13,000 $5,000 $17,070 $8,950 $8,950 $27,000 $17,070 $8,950 $8,950 $27,000 $12,104 $3,750 $1,216 $5,200 $3,750 $0 $5,200 $3,750 $0 $9,000 $13,000 $5,000 $17,070 $8,950 $8,950 $27,000 $0 $0 $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 recommendations in the Governor's budget for the 2012 & 2013 budget to be approved by the legislature. I DEBT SERVICE FUNDS FUND CASH 7/1/11 REVENUE ANTICIPATED EXP. PROJECTION CASH CARRY OVER 6/30/2012 AIRPORT TIF DEBT $243,650 $662,500 $680,875 $225,275 NEW CITY HALL DEBT $310 $156,753 $156,753 $310 REVOLVING $21,343 $2,500 $12,000 $11,843 ROVOLVING -BOND RESERL $226,000 $0 $0 $226,000 G.O.BOND-POOL $19,054 $290,155 $289,450 $19,759 G.O.BOND-FIRE HALL $32,318 $260,000 $266,438 $25,880 2003 S&C $0 $2,289 $2,289 $0 2004 S&C $0 $4,359 $4,359 $0 2005 S&C $0 $3,479 $3,479 $0 2007 S&C $0 $2,503 $2,503 $0 2008 S&C $0 $1,342 $1,342 $0 2009 S&C $0 $1,172 $1,172 $0 2010 S&C $0 $161 $161 $0 S& C Totals $0 $15,305 $15,305 $0 SID 343 $79,075 $113,800 $116,570 $76,305 SID 344 $183,000 $394,958 $385,958 $192,000 SID Totals $262,075 $508,758 $502,528 $268,305 Total $804,750 $1,895,971 $1,923,349 $777,372 r, DEBT SERVICE FUNDS: 3000 DEBT SERVICE EXPENDITURE SUMMARY 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 ACTUAL BUDGET BUDGET FY08/09 FY09/10 FY10/11 FY11/12 $155,000 $135,563 $160,000 $128,588 $300 $170,000 $121,588 $300 $175,000 $114,150 S300 $290,563 $288,888 $291,888 $289,450 $175,000 $180,000 $185,000 $190,000 $97,958 $87,458 $82,058 $76,138 $300 $300 $300 $300 $273258 $267,758 $267,358 $266,438 3170 New City Hall Debt Service Principal (amended Res. 5277-refinance) $68,577 $95,925 $100,632 $105,572 Interest $48,021 $60,830 $56,125 $51,181 SUBTOTAL $116,598 $156,755 $156,757 $156,753 3188-Westside TIF Debt Service Principal $74,197 $78,877 $0 $0 Interest $8,372 $3,693 $0 $0 Operating Transfer $350,000 $487,172 $0 $0 SUBTOTAL $432,569 $569,742 $0 $0 3185-AIRPORT TIF Debt Service Principal $115,000 $120,000 $120,000 $125,000 Interest & fiscal agent fees $69,603 $65,175 $60,435 $55,875 Operating Transfer $300,000 $550,000 $500,000 $500,000 SUBTOTAL $484,603 $735,175 $680,435 $680,875 3600-3609 Sidewalk & Curbs Principal $12,424 $13,259 $14214 $12,661 Interest + closeout $4,174 $3,423 $3,459 $2,644 SUBTOTAL $16,598 $16,682 $17,673 $15,305 3643-3644 SID's Principal $315,000 $345,000 $320,000 $305,000 Interest $236,953 $223,863 $203,833 $196,928 Fiscal Agent Fees $900 $900 $4,900 $600 SUBTOTAL $552,853 $569,763 $528,733 $502,528 3500 SID Revolving Fund - transfers SUBTOTAL $15,000 $0 $12,000 $12,000 TOTAL $2,182,042 $2,604,763 $1,954,844 $1,923,349 3 IDIEBT SERVICE FUNDS: 3000 DEBT SERVICE EXPENDITURE DETAIL ACTUAL ACTUAL BUDGET BUDGET FY08/09 FY09/10 FY10/11 FY11/12 3602 2000-2002 S & C Principal $1,960 $1,671 $1,671 $0 Interest S280 $142 $71 $0 close out $500 3603 2003S&C Principal $1,720 $1,720 $1,720 $1,720 Interest $275 $207 $138 $69 close out $500 3604 2004 S & C Principal $3,962 $3,962 $3,962 $3,962 Interest $990 $792 $595 $397 3605 2005 S & C Principal $2,856 $2,857 $2,857 $2,857 Interest $1,242 $1,035 $830 $622 3607 2007S&C Principal $1,926 $1,926 $1,926 $1,926 Interest $1,387 $809 $694 $577 3608 2008 S & C Principal $0 $1,123 $1,123 $1,123 Interest $0 $438 $256 $219 3609 2009 S & C Principal $955 $955 Interest $375 $217 3610 2010 S & C Principal $118 Interest $43 Sub Total S&C's $16,598 $16,682 $17,673 $15,305 4 DEBT SERVICE FUNDS: 3000 DEBT SERVICE 3641 SID 341 (final year 2010) Principal Interest closeout to revolving 3642 SID 342 (final year 2010) Principal Interest Fiscal Agent Fees 3643 SID 343 Principal Interest Fiscal Agent Fees 3644 SID 344 Principal Interest Fiscal Agent Fees SID'S Subtotal 1*114901017 1 r ACTUAL ACTUAL BUDGET BUDGET FY08/09 FY09/10 FY10/11 FY11/12 $5,000 $5,000 $5,000 $0 $925 $620 $310 $0 $0 $0 $4,000 $0 $5,000 $5,000 $10,000 $0 $1250 $938 $365 $0 $300 $300 $300 $0 $80,000 $110,000 $80,000 $80,000 $47,570 $43,760 $33,500 $36,270 $300 $300 $300 $300 $225,000 $225,000 $225,000 $225,000 $187,208 $178,545 $169,658 $160,658 $300 $300 $300 $300 $552,853 $569,763 $528,733 $502,528 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 . 0BOND-Aquatics 000•000 12 11-011 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 EXPENDITURES Debt Service 610 Principal 620 Interest 630 Fiscal agent fees ENDING CASH Cash, Bond Account 7.5 mills 7.5 mills Estimated mills ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $17,425 $12,072 $10,397 $17,379 $267,362 $13,470 $1,398 $1,305 $282,360 $13,500 $500 $400 $283,555 $13,315 $1,500 $500 $283,555 $5,000 S1,200 $400 $283,535 $296,760 $298,870 $290,155 $300,960 $308,832 $309,267 $307,534 $155,000 $135,563 $0 $160,000 $128,588 $300 $170,000 $121,588 $300 $175,000 $114,150 $300 $290,563 $288,888 $291,888 $289,450 $10,397 $19,944 $17,379 $18,084 PROGRAM ESC PTI N 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%. ON 2005 G. 0. BOND -Fire Hall -, 0004•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 EXPENDITURES Debt Service 610 Principal 620 Interest 630 Fiscal agent fees ENDING CASH Cash, Bond Account 7.0 mills 6.7 mills Estimated 6.7 mills ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $33260 $26,193 $26,193 $26,818 $249,439 $13,706 $1,383 $1,663 $250,302 $14,000 $1,200 $1200 $253,300 $12,433 $1,500 $750 $253,300 $5,000 $1200 $500 $266,191 $266,702 $267,983 $260,000 $299,451 $292,895 $294,176 $286,818 $175,000 $97,958 $300 $180,000 $87,458 $300 $185,000 $82,058 $300 $190,000 $76,138 $300 $273,258 $267,758 $267,358 $266,438 $26,193 $25,137 $26,818 $20,380 PROGRAM DESCRIPTION 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%. 7 NEW CITY HALL DEBT SERVICE FUND: 3170-000-490100 BEGINNING CASH 10100 CASH: REVENUES Rent Proceeds of Loan General Fund - Entitlement FY 12 361050 Water Water billing Sewer Sewer billing Storm Street Main Garbage Comm Dev. Total Revenue TOTAL AVAILABLE EXPENDITURES DEBT SERVICE 610 Principal-12 year $1,420,165 620 Interest -4.85% ACTUAL ACTUAL BUDGET BUDGET FY08/09 FY09/10 FY10/11 FY11/12 $20,648 $0 $314 $310 $50,500 $97,500 $97,184 $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 $157,069 $156,753 $156,753 $116,598 $157,069 $157,067 $157,063 $68,577 $95,925 $100,632 $105,572 $48,021 $60,830 $56,125 $51,181 $116,598 $156,755 $156,757 $156,753 ENDING CASH 10100 CASH: $0 $314 $310 $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. 8 2005 ► , BOND -Debt iii 4'i 11 MR11951OWWOMIR DAM DI 111WAMIMILMOMR111 BEGINNING CASH 10165 Cash, Bond Account 10130 Cash, Bond Reserve REVENUE 311100 Real Estate Taxes (billed) 311200 Pers. Property Taxes (budget billed; actual coll 312000 Penalty & Interest Total Revenue TOTAL AVAILABLE EXPENDITURES 610 Principal 620 Interest 630 Fiscal agent fees Total Debt Service Operating Transfer to TIF TOTAL EXPENDITURES ENDING CASH Total Cash Available for: 10165 Cash, Bond Account 10130 Cash, Bond Reserve Estimated ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $112,010 $277,081 $277,081 $309,346 $184,875 $184,875 $184,875 $184,875 $585,080 ec $600,000 $650,000 $600,000 $61,154 $60,000 $60,000 $60,000 $3,440 $2,500 $2,700 $2,500 $649,674 $662,500 $712,700 $662,500 $761,684 $939,581 $989,781 $971,846 $115,000 $120,000 $120,000 $125,000 $69,303 $64,875 $60,135 $55,575 $300 $300 $300 $300 $184,603 $185,175 $180,435 $180,875 $300,000 $550,000 $500,000 $500,000 $484,603 $735,175 $680,435 $680,875 $461,956 $389,281 $494,221 $475,846 $277,081 $204,406 $309,346 $290,971 $184,875 $184,875 $184,875 $184,875 Current debt is a IS 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. 0' HEALTH -permissive FUND: 2372400-521000-810 REVENUE PROJECTION 16.22 mills 15.2 14.6 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 projected at 10 %. ACTUAL ACTUAL BUDGET BUDGET FY08/09 FY09/10 FY10/11 FY11/12 $ 8,658 $ 15,579 $ 18,053 $ 18,053 $ 555,328 $ 548,000 $ 547,326 $ 637,578 $ 25,896 $ 29,339 $ 30,000 $ 25,000 $ 2,312 $ 1,750 $ 1,750 $ 3,000 $ 583,536 $ 579,089 $ 579,076 $ 665,578 $ 592,194 $ 594,668 $ 597,129 $ 683,631 $ 576,615 $ 576,615 $ 512,326 $ 583,147 $ 65,000 $ 65,000 $ 577,326 $ 648,147 $ 15,579 $ 18,053 $ 19,803 $ 35,484 Levy amount will be determined when values are received from the Department of Revenue and the billing fir July helath premiums is complete. 10