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09. Community and Economic DevelopmentPage Fund # 1 2185 Tax Increment Fund -Airport $ 1,044,700 4 2188 Tax Increment Fund-Westside $ 2,553,754 7 2310 Old School Station Tech TIF (G) $ 64,623 8 2311 Old School Station Industrial TIF (H) $ 18,000 9 2880 Community Development Loan Revolving $ 225,000 11 2886 Community Development Fund $ 151,885 14 2887 Rural Development Revolving Fund $ 244,838 16 2888 Rural Development Revolving Fund #2 $ 95,014 17 2920 Information Technology Grant $ 216,257 18 2930 Preserve America Grant $ 69,323 19 2945 CDBG-ED #2 FVCC $ 273,945 20 2953 EPA -Brownfields Assessment Grant $ 268,058 21 2954 EPA-Brownfields Area -wide Planning Grant $ 148,872 22 2955 EPA-Brownfields Revolving Loan Fund $ 1,000,000 23 2991 Neighborhood Stabilization $ 150,000 24 2882 Courtyard Maintenance $ 108,094 Total Community Development Funds $ 6,632,363 AIRPORT TAX INCREMENT DISTRICT rr rr FUND: 2185-000-430300/470240/460430 BEGINNING CASH 10100 Cash Total Beginning Cash REVENUES 334040 Petro Tank Release Reimb. 335230 State Entitlement 341013 Developer agreement-Rosauers (final 2011 ) 341015 Developer agreement -Hilton (done 2010) 383001 Transfer from Debt Service Total Revenue Total Available EXPENDITURES Personal Services M&O Redevelopment Activity Parks Capital Improvements Total Expenditures ENDING CASH Cash Carry Over ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $300,151 $825,460 $870,123 $1,372,945 $300,151 $825,460 $870,123 $1,372,945 $44,662 $5,152 $5,152 $5,153 $4,637 $56,016 $56,000 $58,791 $0 $45,920 $0 $0 $0 $550,000 $500,000 $500,000 $500,000 $701,750 $561,152 $563,944 $504,637 $1,001,901 $1,386,612 $1,434,067 $1,877,582 $49,125 $19,576 $19,760 $21,708 $27,986 $51,200 $41,362 $1,022,992 $0 $0 $0 $0 $42,142 $0 $0 $0 $119,253 $70,776 $61,122 $1,044,700 $882,648 $1,315,836 $1,372,945 $832,882 1 AI"ORT TAX INCREMENT DISTRICT FUND: 218 5-000-43 03 00/470240/46043 0 Personal Services Airport Parks Community Development W14 ►1 ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $50,587 $19,576 $19,760 $21,708 $31,606 $30,149 $20,311 $1,022,992 $49,588 $0 $0 $0 $0 $21,051 $21,051 $0 $131,781 $70,776 $61,122 $1,044,700 Bonds sold in September 2005 required that all taxes be deposited in the debt service fund. The same will be true of any additional bonds sold for the redevelopment of the airport. Once debt service obligations are met, funds remaining can be transferred to this fund for use with other projects. Budget will be amended for any future projects. 2 AIRPORT TAX INCREMENT DISTRICT FUND: 2185-000-430300/470240/460430 EXPENDITURE . DETAIL 480 470240 Personal Services: FTE's 110 Salaries 153 Health 155 Retirement Personal Services Total 000 430300 Airport 353 Auditing 356 Legal Survey/title search/appraisals/ contract services 522 Administrative transfer 820 Transfer to FAA planning grant match 840 Redevelopment activity Airport total 480 470240 Community Development 354 Avail-TVN (amended) Community Development Total 436 460430 Parks 218 Laker's Ball field improvements 950 Relocate restrooms to Kidsport 934 Begg Park improvements Parks Total Total Airport TIF ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 0.66 0.30 0.30 0.33 $43,536 $16,590 $16,765 $18218 $3,939 $1,909 $1,904 $2,305 $3,112 $1,077 $1,091 $1,185 $50,587 $19,576 $19,760 $21,708 $750 $1200 $0 $1,200 $17,302 $10,110 $1,472 $10,000 $13,554 $13,949 $13,949 $11,792 $4,890 $4,890 $0 $0 $0 $0 $1,000,000 $31,606 $30,149 $20,311 $1,022,992 $0 $21,051 $21,051 $0 $0 $21,051 $21,051 $0 $7,446 $0 $0 $0 $0 $0 $0 $0 $42,142 $0 $0 $0 $49,588 $0 $0 $0 $131,781 $70,776 $61,122 $1,044,700 3 WESTSIDE TAX INCREMENT DISTRICT rr rr FUND: 2188 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Operating Total Cash REVENUES 311100 Real Estate Taxes 311200 Personal Property Taxes 312000 Penalty & Interest 335230 HB 124 Entitlement 331158 US 93 Bypass reimbursement 341015 Developer payment-TELETECH 383001 Operating Transfer from Debt Fund 3188 Total Revenue Total Available EXPENDITURES Redevelopment Activities US 93 Bypass construction Construction Total Expenditures ENDING CASH Operating ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $1,674,567 $1,905,717 $1,905,717 $2,256,037 $1,674,567 $1,905,717 $1,905,717 $2,256,037 $29,126 $300,000 $285,685 $315,000 $14,000 $16,801 $16,800 $246 $182 $1,722 $1,000 $41,368 $41,368 $41,368 $91,483 $0 $0 $0 $45,000 $50,699 $50,000 $487,173 $0 $0 $0 $608,028 $400,550 $396,275 $424,168 $2,282,595 $2,306,267 $2,301,992 $2,680,205 $42,179 $2,136,198 $45,292 $2,553,754 $122,117 $0 $0 $0 $212,582 $125,000 $663 $0 $376,878 $2,261,198 $45,955 $2,553,754 $1,905,717 $45,069 $2,256,037 $126,451 4 WESTSIDE TAX INCREMENT DISTRIC'j ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY10/11 Personal Services $7,707 $13,810 $13,113 $22,806 Redevelopment activity $34,472 $2,122,388 $32,179 $2,530,948 Capital improvements $334,780 $125,000 $663 $0 $376,959 $2,261,198 $45,955 $2,553,754 The Westside Urban Renewal District was created to help redevelop the Gateway Mall area and assist with the Storm drainage problems in the area. The major activity to date has been the Stream Project which included the City's participation in the purchase of a portion of the Mall building and rehabilitation of the site. Stream vacated the site and the site is now occupied by the Teletech organization. Tax increment urban renewal bonds were paid off June 30, 2010. Prior to that date all increment was receipted to a debt service fund. Beginning fiscal year 2011 increment will now be receipted to this fund, 2188. The district is scheduled to sunset 3/14/2012 FY 2011 BUDGET ACCOMPLISHMENTS April 2009 intiated the contract for the 3 Mile Drive Road Design within the Westside TIF; completed FYI 1. FY 2012 BUDGET OBJECTIVES The Lower Spring Creek Storm Drainage preliminary design is complete. Currently negotiating for an easement. Easment would be funded out of redevelopment money - however,unlikely to be completed FYI 2. W WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 EXPENDITURE DETAIL COMMUNITY DEVELOPMENT Personal Services FTE'S 480-470230 110 Salaries-Admin 153 Health 155 Retirement Total Personal Services 353 Audit -close out of debt service 354 Transfer to Port Authority-bldg maint. 356 Redevelopment/ contract services 522 Administrative Transfer 720 Redevelopment/Distribution Total Community Development PUBLIC WORKS 453-430246 Construction Projects 950 Glenwood Drive Construction 951 Paving 952 Lower Spring Creek Design carryover 953 3 Mile Drive Road Design carryover 955 Redevelopment/ US 93 bypass Total Public Works PARKS DEPARTMENT 436-460430 Parks Department 930 Greenbriar Park improvements Total Parks TOTAL BUDGET ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 0.15 0.33 0.33 0.355 $6,596 $11,060 $11,145 $19,016 $682 $2,032 $1,243 $2,553 $429 $718 $725 $1237 $7,707 $13,810 $13,113 $22,806 $375 $1,250 $1,200 $1,250 $5,350 $5,000 $5,979 $5,000 $3,747 $0 $0 $25,000 $25,000 $25,000 $17,094 $0 $2,091,138 $2,507,604 $34,472 $2,122,388 $32,179 $2,530,948 $68204 $0 $0 $29,516 $0 $0 $3,846 $70,000 $0 $92,917 $55,000 $663 $0 $122,117 $0 $0 $316,600 $125,000 $663 $0 $18,180 $0 $0 $0 $18,180 $0 $0 $0 $376,959 $2,261,198 $45,955 $2,553,754 R 2310 OLD SCHOOL STATION ® 10 " FUND: 2310-480-470210 WROJECTED REVENUE AND FUND BEGINNING CASH 10100 Operating Cash -Redevelopment REVENUES 311110 Real Estate Property Taxes 311200 Personal Property Taxes 315000 Penalty & Interest 361000 NW Energy Reimbursement Total Revenue Total Available EXPENDITURES 354 Contract Services- Bond Counsel 355 Glacier Investment Reimbursement 356 FED -EX Reimbursment/Developer agreement 820 Operating Transfer -debt service pledge Total Expenditures ENDING CASH 10100 Operating Cash -Redevelopment ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $23,421 $8,624 $8,624 $4,601 $30,314 $1,847 $592 $32,000 $1,200 $500 $46,461 $2,431 $948 $1,633 $50,000 $9,382 $900 $0 $32,753 $33,700 $51,473 $60,282 $56,174 $42,324 $60,097 $64,883 S950 $0 $0 $46,600 $950 $0 $0 $40,000 $0 $0 $11,230 $44,266 $1,000 $12,713 $10,910 $40,000 $47,550 $40,950 $55,496 $64,623 $8,624 $1,374 $4,601 $260 PROGRAM DESCRIPTION The Technology TIF was created to enable the development of the Tech Park by using the taxes paid by the property owners to pay down the infrastructure SID debt. Additionally the tax revenue generated can be used for other redevelopment activities as provided by Montana law and the developer agreement City Council in July 2011 approved an agreement with Glacier Investment Properties, owner of Lot 7 to reimburse the SID costs from their increment. This is a similar agreement as we have with Fed -Ex. 7 2311 OLD SCHOOL STATION TIF-INDUSTRIAL rr rr FUND: 2311480-470210 PROJECTED BEGINNING CASH ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 10100 Cash Operating -Redevelopment $5,072 $7 $7 $7,462 REVENUES 311100 Real Estate Taxes $5,490 $9,000 $11,054 $10,160 311200 Penalty & Interest $277 $275 $700 $600 Total Revenue $5,767 $9,275 $11,754 $10,760 Total Available $10,839 $9,282 $11,761 $18,222 EXPENDITURES 790 Redevelopment activity $0 $0 $0 $0 820 Operating transfer to SID debt Service -pledged $10,832 $0 $4,299 $18,000 Total Expenditures $10,832 $0 $4,299 $18,000 ENDING CASH 10100 Operating Cash -Redevelopment $7 $9,282 $7,462 $222 PROGRAM DESCRIPTION The Industrial TIF was created to enable the development of the Tech Park by using the taxes paid by the property owners to pay down the infrastructure SID debt. Additionally the tax revenue generated can be used for other redevelopment activities as provided by Montana law and the developer agreement. 8 COMMUNITY DEVELOPMENT -REVOLVING FUND FUND: 2880-480-470210 PROJECTED V NU AND FUND SUMMARY BEGINNING CASH 10100 Cash, Operating 10162 Cash, Reserve for investment (S&C) REVENUES 345010 Origination Fees 373020 Loan Proceeds/Principal 373010 Loan Proceeds/ -Interest 373060 *Center Street loan (PAYOFF 2010) 373070 Loan to Street Dept. 1.95% interest rate 371010 Interest Earnings Total Revenue Total Available EXPENDITURES Redevelopment Total Expenditures ENDING CASH 10100 Cash, Operating 10162 Cash, Reserve for investment TOTALCASH ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $138,472 $185,858 $199,334 $289,888 $61,090 $68,939 $55,463 $42,194 $199,562 $254,797 $254,797 $332,082 $500 $1,000 $0 $0 $30,610 $37,345 $30,958 $32,727 $15,327 $24,514 $23,946 $24,474 $25,776 $0 $0 $0 $17,430 $16,910 $16,546 $16,300 $6,379 $2,000 $5,835 $5,000 $96,022 $81,769 S77285 $78,501 $295,584 $336,566 $332,082 $410,583 $40,787 $225,000 $0 $225,000 $40,787 $225,000 $0 $225,000 $199,334 $42,627 $289,888 $143,389 $55,463 $68,939 $42,194 $42,194 $254,797 $111,566 $332,082 $185,583 0 COMMUNITY DEVELOPMENT -REVOLVING FUN1 ..04:0-0 Redevelopment Activity 708 Redevelopment Distribution to County Total Distribution 711 Redevelopment Activity 720 Eagle Transit Total Redevelopment activity Capital Improvements 950 Capital Improvements Hwy 93 & Hwy 2 -Bronzes Total Capital Improvements ACTUAL FY09/10 BUDGET FY10/11 ACTUAL FY10/11 BUDGET FY11/12 $25,776 $0 $0 $0 $11 $15,000 $225,000 $0 $0 $225,000 $0 $15,011 $0 $225,000 $0 $0 $0 $225,000 $0 $0 $0 $0 $0 Total Budget $40,787 $225,000 $0 $225,000 PROGRAM DESCRIPTION This is a fund established in 2005 that consolidates "all" of the various loan types the Department has in existence or will be starting. Each type of loan activity has its own line item number and can be easily identified for the audit or monitoring. FY 2012 BUDGET HIGHLIGHTS Seeking to loan the funds to eligible entities -preference to organizations that serve low -to -moderate income beneficiaries. Continue to manage the current and new CDBG projects with administration duties as outlined by the City/State CDBG Management Contracts. Maintain and improve loan quality. Expand the loan programs to serve a wider sector of businesses. FY 2011 BUDGET ACCOMPLISHMENTS 8 Implemented loan checklist and organized files. Created credit display and underwriting for new credit requests. Maintained credit quality without any losses to the portfolio. Increased marketing of Revolving Loan Fund program to local banks and businesses. 10 Community Development er t FUND: 2886-480470210 (UDAG program income) PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH: operating REVENUES 331018 CDBG Growth Policy Update (amended) 341020 Grant Administration 365000 Misc. /Donations 373070 Principal payments 371010 Interest/Misc. 373010 Interest from Loans 331170 Historic Preservation Grant 383000 Admin. Transfer from 2944 FVCC Grant Total Revenue Total Available EXPENDITURES Operating Budget Redevelopment/Grants* Total Expenditures ENDING CASH 10100 CASH: operating TOTALCASH ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $546,665 $423,428 $423,428 $357,684 $546,665 $423,428 $423,428 $357,684 $20,000 $0 $20,000 $17,352 $10,000 $570 $6,022 $6,330 $6,330 $6,654 $8,333 $5,000 $4,769 $4,000 $3,798 $3,490 $3,490 $3,167 $10,500 $0 $2,000 $0 $2,241 $28,653 $34,820 $36,752 $43,821 $575,318 $458,248 $460,180 $401,505 $116,006 $149,873 $102,496 $149,385 $35,884 $2,500 $2,500 $151,890 $152,373 $102,496 $151,885 $423,428 $305,875 $357,684 $249,620 $423,428 $305,875 $357,684 $249,620 11 Community Development Operating Fund FUND: 2886-480-470210 ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 Personal Services $73,205 $65,969 $65,581 $66,851 Materials and Services $42,801 $83,904 $36,915 $82,534 Grants $35,884 $2,500 $0 $2,500 $151,890 $152,373 $102,496 $151,885 PROGRAM DESCRIPTION The eligible uses of program income include all of the activities currently funded by the UDAG program income budget and could include many other activities related to planning and implementing economic and community development programs. FY 2012 BUDGET HIGHLIGHTS Identify strategies to create jobs and investment in the Community; Partner w/ business and organizations to leverage funds from grants and loans; Administer CDBG Planning Grant; Encourage and promote historic preservation; Improve the department's web based data; Act as liaison to the Business Improvement District Board, Kalispell Downtown Association Chamber of Commerce, and '8 Continue serving on North West Montana Community Land Trust Board of Directors. FY 2011 BUDGET ACCOMPLISHMENTS '8 Submitted three federal grant applications, with two funded. 8` Produced updated and re -styled Community Profile publication for Kalispell; 8 Served on IWT Committee reviewing workforce training grant applications; Managed CDBG Planning Grant; Continued role of liaison with the Montana Department of Environmental Quality as it relates to the Kalispell Pole Yard; Continued serving as member of North West Montana Community Land Trust Board; Continued role of liaison with Kalispell Business Improvement District (BID) and Kalispell Downtown Association (KDA) Boards; Served on KDA Event Committee to implement first annual "Run Through History" attracting 200 participants to downtown Kalispell; • i 1 * Limited staff given department objectives. 12 Community., . 1 Operating ' 1 tttt FUND: 2886-480470210 Personal Services: FTE's 110 Salaries & Wages 153 Health Insurance 155 Retirement Total Personal Services Materials and Services: 210 Office Supplies 211 Grant Administration Expenses/project exp 231 Gas & Oil 312 Postage & Printing 334 Montana West Membership 345 Telephone, Communications 353 Auditing 354 Contract Services 355 Prospect Development 373 Dues & Training 379 Meetings 395 CDBG Growth Policy Update (amended) 396 Studies/Surveys & marketing 510 Property & Liability Ins. 521 Central Garage Transfer 522 Administrative Transfers 528 Data Processing Transfers 531 Office Rent new bldg Total Materials & Services Grants & Housing: 710 Land Trust Project 711 Historic Preservation Project 790 Redevelopment Activity Total Grants & Housing GRAND TOTALS ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 1.2 $62,396 $6,742 $4,067 1.00 $55,988 $6,363 $3,618 1.00 $55,512 $6,427 $3,642 1.00 $56,230 $6,984 $3,638 $73,205 $65,969 $65,581 $66,851 $760 $2,500 $565 $2,500 $942 $2,500 $684 $3,000 $77 $300 $118 $0 $631 $1,800 $1,179 $1,150 $500 $500 $500 $500 $215 $750 $188 $250 $1,875 $1,500 $1,200 $1,800 $0 $1,000 $50 $1,000 $0 $3,000 $3,000 $3,502 $3,200 $1,874 $3,800 $157 $500 $69 $500 $20,000 $3,959 $20,000 $7,969 $25,000 $5,500 $25,000 $2,660 $3,300 $2,975 $3,000 $0 $0 $0 $10,451 $6,671 $6,671 $5,651 $8,359 $6,680 $6,680 $6,680 $4,703 $4,703 $4,703 $4,703 $42,801 $83,904 $36,915 $82,534 13 $18,000 $0 $0 $17,884 $0 $0 $0 $2,500 $2,500 $35,884 $2,500 $0 $2,500 $151,890 $152,373 $102,496 $151,885 RURAL DEVELOPMENT LOAN 2887480-470210 ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 BEGINNING CASH 10100 CASH: operating $284,300 $259,348 $259,348 $233,592 10140 CASH: loan loss reserve $16,094 $15,365 $15,365 $14,670 Total Cash $300,394 $274,713 $274,713 $248,262 REVENUES 345010 APPLICATION/ORIGINATION FEES * $0 $1,000 $0 $1,000 373010 LOAN INTEREST * $15,512 $13,101 $12,513 $12,356 371010 OTHER INTEREST $2,418 $1,000 $2,043 $2,000 373030 PRINCIPAL $13,051 $13,947 $13,653 $14,754 TOTAL REVENUE $30,981 $29,048 $28,209 $30,110 AMOUNT AVAILABLE $331,375 $303,761 $302,922 $278,372 EXPENDITURES PERSONAL SERVICES $34,542 $32,754 $32,552 $22,763 REDEVELOPMENT ACTIVITY $46 $215,000 $34 $200,000 PRINCIPAL $16,975 $17,213 $17,213 $17,386 INTEREST $5,099 $4,861 $4,861 $4,689 $56,662 $269,828 $54,660 $244,838 ENDING CASH 10100 CASH: operating $259,348 $18,568 $233,592 $18,864 10140 CASH: loan loss reserve $15,365 $15,365 $14,670 $14,670 ( Loan split between fund 2887 & 2888 equity $274,713 $33,933 $248,262 $33,534 transfers of $41,260 cash moved to 2888 FY09) ► r, r. ' r r -Wo The purpose of the Revolving Loan Fund (RLF) is to provide gap financing or business retention, expansion or start-up with the focus on job creation. Funding Sources for the RLF come from possible CDBG Economic Development Grants TIF, Rural Development Intermediary relending Program (IRP) funds and the Community Development Revolving Loan Fund. Department was successful in writing a Rural Development (RD) grant application for $520,000 from the RD Intermediary Relending Program (IRP) on 10/12/04. 14 R-URAL DEVELOPMENT , EVOLVINI 2887-480-470210 Personal Services: 110 Salaries 153 Health 155 Retirement Total Personal Services Grants & Loans: 750 Redevelopment Activity Total Redevelopment activity Debt Service: 610 Principal 620 Interest of Rural Dev. Loans 1 % Total Debt Service Total budget ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 0.5 0.5 0.5 0.34 $28,875 $27,777 $27,583 $18,868 $3,788 $3,182 $3,174 $2,675 $1,879 $1,795 $1,795 $1,221 $34,542 $32,754 $32,552 $22,763 $46 $215,000 $34 $200,000 $46 $215,000 $34 $200,000 $16,975 $17,213 $17,213 $17,386 $5,099 $4,861 $4,861 $4,689 $22,074 $22,074 $22,074 $22,075 $56,662 $269,828 $54,660 $244,838 FY 2011 BUDGET HIGHLIGHTS Continue seeking applications of bank qualified loans to assist in "gap financing" to business creating jobs and investment utilizing program income from past loans. 8 Manage the existing loan portfolio. Maintain and improve credit quality. Expand the loan program to serve a wider sector of businesses. FY 2010 BUDGET ACCOMPLISHMENTS Maintained the credit quality without any losses to the portfolio. # Updating files and improving financial management of the loan financial portfolio. Successful audit from USDA-RD of the program. Increased marketing of Revolving Loan Fund program to local banks and businesses. Converted one loan from a workout status to a perfonning loan. 15 RURAL DEVELOPMENT w FUND: 2888480-470210 BEGINNING CASH 10100 CASH: operating 10140 CASH: loan loss reserve REVENUES 345010 APPLICATION/ORIGINATION FEES 373010 LOAN INTEREST * 371010 OTHER INTEREST 373030 PRINCIPAL TOTAL REVENUE AMOUNT AVAILABLE EXPENDITURES 610 Principal & Interest Repayment to IRP 750 REDEVELOPMENT ACTIVITY ENDING CASH 10100 CASH: operating 10140 CASH: loan loss reserve ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $59,801 $101,402 $101,402 $107,323 $12,910 $11,514 $11,514 $10,259 $72,711 $112,916 $112,916 $117,582 $250 $1,000 $0 $1,000 $18,331 $11,125 $11,734 $10,181 $1,076 $500 $869 $750 $23,260 $24,511 $23,901 $25,605 $42,917 $37,136 $36,504 $37,536 $115,628 $150,052 $149,420 $155,118 $2,575 $10,930 $31,838 $10,014 $137 $85,000 $0 $85,000 $2,712 $95,930 $31,838 $95,014 $101,402 $42,608 $107,323 $49,845 $11,514 $11,514 $10,259 $10,259 $112,916 $54,122 $117,582 $60,104 The purpose of the Revolving Loan Fund (RLF) is to provide gap financing or business retention, expansion or start-up with the focus on job creation. Funding Sources for the RLF come from possible CDBG Economic Development Grants TIF, Rural Development Intermediary relending Program (IRP) funds and the Community Development Revolving Loan Fund. Department was successful in writing a Rural Development (RD) grant application on 11/27/06 from the RD Intermediary Relending Program (IRP) of which $257,500 was used. FY 2012 BUDGET HIGHLIGHTS Continue seeking qualified applicants to assist in "gap financing" to businesses, creating jobs & investment. Manage the existing loan portfolio. Expand the loan program to serve a wider sector of businesses. FY 2011 BUDGET ACCOMPLISHMENTS Maintained the credit quality without any losses to the portfolio. Updating files and improving financial management of the loan financial portfolio. 16 Information 1 1 1 FUND:' 1 4:i i i BEGINNING CASH 10100 CASH REVENUE 331024 Bureau ofJustice-IT Technology Total Revenue TOTAL AVAILABLE 922 Building energy improvements ($250,000) ENDING CASH CASH amended BUDGET ACTUAL BUDGET FY10/11 FY10/11 FY11/12 $0 $0 $0 $250,000 $33,743 $216257 $250,000 $33,743 $216,257 $250,000 $33,743 $216,257 $250,000 $33,743 $216,257 $0 $0 $0 PROGRAM OF SERVICES The City has been awarded a Bureau of Justice Grant for Information Technology upgrades to the public safety building in the amount of $250,000. Resolution #5457 amends the FYI I budget. 17 Im Preserve AmericaGrant FUND: 2930-480-470240 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH REVENUE 331030 Preserve America Grant Total Revenue TOTAL AVAILABLE EXPENDITURES 354 Grant Contract Services ENDING CASH CASH Amended BUDGET ACTUAL BUDGET FY10/11 FY10/11 FY11/12 $75,000 $5,677 $69,323 $75,000 $5,677 $69,323 $75,000 $5,677 $69,323 $75,000 $5,677 $69,323 $0 $0 $0 Purpose of project is to: 1) Develop website and social media marketing campaign for downtown Kalispell working with Hockaday Museum's youth program; 2) Develop marketing campaign with youth and local business input to promote cultural resources and historic downtown as destination; 3) Way finding, historic register building and interpretive signage in downtown Kalispell. FY 2012 BUDGET HIGHLIGHTS Marketing and signage will be created and produced per grant project. FY 2011 BUDGET ACCOMPLISHMENTS Hockaday Museum youth group has met and concept priorities are being developed with downtown businesses Resolution #5474 amends the FYI I budget. 18 2945 CDBG ® ED for Flathead Community College #2 FUND: 2945-480-470242 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH CASH: operating REVENUES 331011 CDBGEDGRANT09-04carryover Total Available EXPENDITURES Expenditures ENDING CASH CASH: operating BUDGET ACTUAL BUDGET FY10/11 FY10/11 FY11/12 $o $0 $0 $273,945 $0 $273,945 $273,945 $0 $273,945 $273,945 $0 $273,945 $0 $o $0 EXPENDITURE/DETAIL SUMMARY ED Grant: 820 Administration -transfer to Community Development $12,145 780 Training Costs $15,000 790 Machinery/Equipment $246,800 $273,945 Pass thru grant for the college to purchase equipment used in training programs. 19 $o $12,145 $0 $15,000 $0 $246,800 $o $273,945 2953-480-470210 PROJECTED VENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH REVENUE 331090 EPA FUNDING $400,000 Total Revenue TOTAL AVAILABLE 780 Site Assessment Grants ENDING CASH CASH ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $0 $320 $320 $0 $4,168 $395,832 $127,774 $268,058 $4,168 $395,832 $127,774 $268,058 $4,168 $396,152 $128,094 $268,058 $3,848 $396,152 $128,094 $268,058 $320 $0 $0 $0 The City has been awarded $400,000 for Brownfield Revitalization Project funds to be used for Phase I and Phase II Environmental Assessments. FY 2012 BUDGET HIGHLIGHTS The Kalispell Brownfields Program will continue to consider Kalispell sites for Phase I and Phase 11 Environmental Site Assessments per funding priorities and eligibility. FY 2011 BUDGET ACCOMPLISHMENTS Phase I Environmental Site Assessments have been completed at three locations, and three more are in process. Phase II Environmental Site Assessments are in process at two locations. PILOT PROG-17-7-MN i2954-480-470210 Amended BUDGET ACTUAL BUDGET FY10/11 FY10/11 FY11/12 BEGINNING CASH 10100 CASH REVENUE 331090 EPA FUNDING Total Revenue TOTAL AVAILABLE EXPENDITURES 354 Planning Grant ENDING CASH CASH PROGRAM OF SERVICES The City has been awarded $175,000 for Brownfields area -wide planning pilot program Resolution #5465 accepted grant $175,000 $26,128 $148,872 $175,000 $26,128 $148,872 $175,000 $26,128 $148,872 $175,000 $26,128 $148,872 $0 $0 $0 FY 2012 BUDGET HIGHLIGHTS Community process functions and data collection will continue in compliance with the grant. FY 2011 BUDGET ACCOMPLISHMENTS Community and Economic Development Department with the Planning Department has begun meeting with area property owners and mapping area infrastructure. 21 k EPA BROWNFIELDS REVOLVING LOAN FUNT FUND: 2955-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH REVENUE 331090 EPA FUNDING Total Revenue TOTAL AVAILABLE EXPENDITURES 470210 720 PETROLEUM 470215 720 HAZARDOUS SUBSTANCES ENDING CASH CASH Amended BUDGET ACTUAL BUDGET FY10/11 FY10/11 FY11/12 $1,000,000 $0 $1,000,000 $1,000,000 $0 $1,000,000 $1,000,000 $o $1,000,000 $300,000 $700,000 $300,000 $700,000 $1,000,000 $0 $1,000,000 $o $0 $0 PROGRAM OF SERVICES The City has been awarded $1,000,000 for a Brownfields Revolving Loan Program accepted 6/20/11. 22 NEIGHBORHOOD2991 STABILIZATION GRAN] 2991480-470242 PROJECTED REVENUE AND FUND SU MMARAY BEGINNING CASK CASH: operating REVENUES 331011 NSP Grant $4,000,000 Total Available EXPENDITURES 354 Contract Services - NSP Grant ENDING CASH CASH: operating Amended BUDGET FY09/10 ACTUAL FY09/10 BUDGET FY10/11 ACTUAL FY10/11 BUDGET FY11/12 $0 $0 $0 $0 $0 $4,000,000 $1,167,024 $2,832,976 $1,457,475 $150,000 $4,000,000 $1,167,024 $2,832,976 $1,457,475 $150,000 $4,000,000 $1,167,024 $2,832,976 $1,457,475 $150,000 $4,000,000 $1,167,024 $2,832,976 $1,457,475 $150,000 $0 $0 $0 $0 $0 The Neighborhood Stabilization Program is intended to stabilize foreclosure affected neighborhoods by purchasing foreclosed upon/abandoned homes, selling these homes to income qualified households according to grant requirements. Of these qualifying households, 25% must demonstrate household income of 50% of the area median income and 75% will have household income between 80% and 120% of area median income (addressing what is commonly referred to as workforce housing). FY 2012 BUDGET HIGHLIGHTS Homes in the Northwest Montana Community Land Trust will be sold to income qualifying households. FY 2011 BUDGET ACCOMPLISHMENTS Sixteen homes in four neighborhoods have been purchased under this program and rehabilitation completed as necessary. Purchased homes have been placed into the North West Montana Community Land Trust. 23 FUND: 2882-480-470240 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH CASH: operating REVENUES Other funding source - to be determined Gross Rent Receipts Total Available 354 Property Management Cost: 620 Debt Service: Total Expenditures ENDING CASH CASH: operating ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $36,284 $2,259 $2,259 $0 $65,009 $15,525 $69,735 $44,241 $61,000 $38,359 $69,735 $101,293 $87,519 $107,500 $108,094 $77,926 $21,108 $62,859 $24,660 $88,000 $19,500 $82,954 $25,140 $99,034 $87,519 $107,500 $108,094 $2,259 $0 $0 $0 The Courtyard Maintenance Reserve Fund is budgeted to reflect those costs which are incurred related to our 16 units of housing managed by Community Action Partnership of Northwest Montana. The revenues reflect rent received. The utilities and debt services costs will all be paid by Community Action Partnership per the joint venture agreement with them to manage this housing complex. We need budget authority to simply record the City's share. This is the City's equity in the project. Community Action Partnership is working on refinancing the debt to allow them to purchase the city's units 24