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11. 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 MONTANA CULTURAL , ARTS 2927-400-460452....460454 PROJECTED REVENUE 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 ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $0 $0 $0 $0 $12,104 $5,200 $0 $9,000 $3,750 $3,750 $0 $13,000 $1216 $0 $0 $5,000 $17,070 $8,950 $0 $27,000 $17,070 $8,950 $0 $27,000 $12,104 $5200 $0 $9,000 $3,750 $3,750 $0 $13,000 $1,216 $0 $0 $5,000 $17,070 $8,950 $0 $27,000 $o $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 Governors budget for the 2012 & 2013 budget to be approved by the legislature. 1 DEBT SERVICE FUND CASH 7/1/11 REVENUE ANTICIPATED EXP. PROJECTION CASH CARRY OVER 6/30/2012 AIRPORT TIF DEBT $225,504 $662,500 $680,875 $207,129 NEW CITY HALL DEBT $314 $156,753 $156,753 $314 REVOLVING $30,522 $2,500 $12,000 $21,022 REVOLVING -BOND RESERV $226,000 $0 $0 $226,000 G.O.BOND-POOL $17,357 $287,241 $289,450 $15,148 G.O.BOND-FIRE HALL $31,642 $266,757 $266,438 $31,961 2003 S&C S99 $2,289 $2,289 $0 2004 S&C $712 $4,359 $4,359 $99 2005 S&C $241 $3,479 $3,479 $712 2007 S&C $241 $2,503 $2,503 $241 2008 S&C $53 $1,342 $1,342 $241 2009 S&C $29 $1,172 $1,172 $53 2010 S&C $0 $161 $161 $29 S& C Totals $l ,052 $15,305 $15,305 $1,293 SID 343 $80,750 $113,800 $116,570 $77,980 SID 344 $291,313 $394,958 $385,958 $300,313 SID Totals $372,063 $508,758 $502,528 $378,293 Total $904,777 $1,899,814 $1,923,349 $881,242 Ir 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 FY09/10 FY10/11 F'Y10/11 FY11/12 $160,000 $160,000 $170,000 $175,000 $128,588 $128,588 $121,588 $114,150 $300 $300 $300 $300 $288,888 $288,888 $291,888 $289,450 $180,000 $180,000 $185,000 $190,000 $87,458 $87,458 $82,058 $76,138 $300 $300 $300 $300 $267,758 $267,758 $267,358 $266,438 3170 New City Hall Debt Service Principal (amended Res. 5277-refinance) $95,925 $100,632 $100,632 $105,572 Interest $60,830 $56,125 $56,121 $51,181 SUBTOTAL $156,755 $156,757 $156,753 $156,753 3188-WestsideTIF Debt Service Principal $78,877 $0 $0 $0 Interest $3,693 $0 $0 $0 Operating Transfer $487,172 $0 $0 $0 SUBTOTAL $569,742 $0 $0 $0 3185-AIRPORT TIF Debt Service Principal $120,000 $120,000 $120,000 $125,000 Interest& fiscal agent fees $65,175 $65,175 $60,435 $55,875 Operating Transfer $550,000 $550,000 $500,000 $500,000 SUBTOTAL $735,175 $735,175 $680,435 $680,875 3600-3609 Sidewalk & Curbs Principal $13,259 $14,214 $14,213 $12,661 Interest + closeout $3,423 $3,459 $2,951 $2644 SUBTOTAL $16,682 $17,673 $17,164 $15,305 3643-3644 SID's Principal $345,000 $320,000 $320,000 $305,000 Interest $223,863 $203,833 $208,993 $196,928 Fiscal Agent Fees/close out $900 $4,900 $7,818 $600 SUBTOTAL $569,763 $528,733 $536,811 $502,528 3500 SID Revolving Fund - transfers SUBTOTAL $0 $12,000 $0 $12,000 TOTAL $2,604,763 $2,006,984 $1,950,409 $1,923,349 3 DEBT SERVICE FUNDS: 3000 DEBT SERVICE ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 3602 2000-2002 S & C Principal $1,671 $1,671 $1,671 $0 Interest $142 $71 $71 $0 close out $500 3603 2003S&C Principal $1,720 $1,720 $1,720 $1,720 Interest $207 $138 $138 $69 close out $500 3604 2004 S & C Principal $3,962 $3,962 $3,962 $3,962 Interest $792 $595 $594 $397 3605 2005 S & C Principal $2,857 $2,857 $2,857 $2,857 Interest $1,035 $830 $828 $622 3607 2007S&C Principal $1,926 $1,926 $1,926 $1,926 Interest $809 S694 $693 $577 3608 2008S&C Principal $1,123 $1,123 $1,123 $1,123 Interest $438 $256 S255 $219 3609 2009 S & C Principal $955 $954 $955 Interest $375 $372 $217 3610 2010 S & C Principal S 118 Interest $43 Sub Total S&C's $16,682 $17,673 $17,164 $15,305 ei 3641 SID 341 (final year 2011) Principal Interest closeout to revolving 3642 SID 342 (final year 2011) Principal Interest Fiscal Agent Fees 3643 SID 343 Principal Interest Fiscal Agent Fees 3644 SID 344 Principal Interest Fiscal Agent Fees SID'S Subtotal 0 0 ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $5,000 $5,000 $5,000 $0 $620 $310 $310 $0 $0 $4,000 $6,918 $0 $5,000 $10,000 $10,000 $0 $938 $365 $625 SO $300 $300 $300 $0 $110,000 $80,000 $80,000 $80,000 $43,760 $33,500 $38,400 $36,270 $300 $300 $300 $300 $225,000 S225,000 $225,000 $225,000 $178,545 $169,658 $169,658 $160,658 $300 $300 $300 $300 $569,763 $528,733 $536,811 $502,528 The SID Revolving fund is used to make loans to individual Special hnprovement 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 FUND: 3010-000-490100 BEGINNING CASH 10165 Cash, Bond Account REVENUE 311100 Real Estate Taxes (billed) 311100 Westside Tif Distribution 311200 Personal Property Taxes (billed) 312000 Penalty & Interest 371010 Interest Earnings Total Revenue TOTAL AVAILABLE Debt Service 610 Principal 620 Interest 630 Fiscal agent fees ENDING CASH Cash, Bond Account 7.5 mills ACTUAL FY09/10 7.5 mills BUDGET FY10/11 7.5 mills ACTUAL FY10/11 7 mills BUDGET FY11/12 $17,425 $12,072 $12,072 $17,357 $267,362 $282,360 $280,718 $267,360 $5,158 $13,470 $13,500 $13,390 $13,123 $1,398 $500 $2,351 $1,200 $1,305 $400 $714 $400 $283,535 $296,760 $297,173 $287,241 $300,960 $308,832 $309245 $304,598 $160,000 $160,000 $170,000 $175,000 $128,588 $128,588 $121,588 $114,150 $300 $300 $300 $300 $288,888 $288,888 $291,888 $289,450 $12,072 $19,944 $17,3 57 $15,148 PROGRAM DESCRIPTION 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/l/2022. The interest rate is 4.66%. 0• 2005 G. 0BOND-Fire#62 FUND: 3162-000-490100 PROJECTED VENUE 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 6.7 mills 6.5 mills ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $33,260 $31,693 $31,693 $31,642 $249,439 $13,706 $1,383 $1,663 $250,302 $14,000 $1,200 $1,200 $251,609 $12,502 $2,237 $959 $248,723 $4,608 $11,726 $1,200 $500 $266,191 $266,702 $267,307 $266,757 $299,451 $298,395 $299,000 $298,399 $180,000 $87,458 $300 $180,000 $87,458 $300 $185,000 $82,058 $300 $190,000 $76,138 $300 $267,758 $267,758 $267,358 $266,438 $31,693 $30,637 $31,642 $31,961 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 7/1/2020. The interest rate is 3.94%. 7 NEW CITY HALL DEBT SERVICE 1 1114'! i! 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% ENDING CASH 10100 CASH: ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $0 $314 $314 $314 $97,500 $97,184 $97,184 $97,184 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $7,838 $4,703 $4,703 $4,703 $4,703 $157,069 $156,753 $156,753 $156,753 $157,069 $157,067 $157,067 $157,067 $95,925 $100,632 $100,632 $105,572 $60,830 $56,125 $56,121 $51,181 $156,755 $156,757 $156,753 $156,753 $314 $310 $314 $314 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 BOND - Debt rvice FUND: 3185-000-490700 PROJECTED REVENUE AND FUND SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 BEGINNING CASH 10165 Cash, Bond Account $112,010 $277,081 $26,509 $40,629 10130 Cash, Bond Reserve $184,875 $184,875 $184,875 $184,875 REVENUE 311100 Real Estate Taxes (billed) $585,080 $600,000 $638,625 $600,000 311200 Pers. Property Taxes (budget billed; actual collet $61,154 $60,000 $49,710 $60,000 312000 Penalty & Interest $3,440 $2,500 $6,220 $2,500 Total Revenue $649,674 $662,500 $694,555 $662,500 TOTAL AVAILABLE $761,684 $939,581 $721,064 $703,129 EXPENDITURES 610 Principal $120,000 $120,000 $120,000 $125,000 620 Interest $64,875 $64,875 $60,135 $55,575 630 Fiscal agent fees $300 $300 $300 $300 Total Debt Service $185,175 $185,175 $180,435 $180,875 Operating Transfer to TIF $550,000 $550,000 $500,000 $500,000 TOTAL EXPENDITURES $735,175 $735,175 $680,435 $680,875 ENDING CASH Total Cash Available for: $211,384 $389,281 $225,504 $207,129 10165 Cash, Bond Account $26,509 $204,406 $40,629 $22,254 10130 Cash, Bond Reserve $184,875 $184,875 $184,875 $184,875 PROGRAM DESCRIPTION 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. W HEALTH - permissive levy FUND: 23 72-400-521000-810 "VENUE PROJECTION 15.2 mills 14.6 mills 14.6 mills 16.55 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 BUDGET ACTUAL BUDGET FY09/10 FY10/11 FY10/11 FY11/12 $ 15,579 $ 12,054 $ 12,054 $ 15,234 $ 540,721 $ 547,326 $ 548,599 $ 637,578 $ 29,603 $ 30,000 $ 27,145 $ 25,000 $ 2,766 $ 1,750 $ 4,762 $ 3,000 $ 573,090 $ 579,076 $ 580,506 $ 665,578 $ 588,669 $ 591,130 $ 592,560 S 680,812 $ 576,615 $ 512,326 $ 512,326 $ 583,147 $ 65,000 $ 65,000 $ 65,000 $ 577,326 $ 577,326 $ 648,147 $ 12,054 $ 13,804 $ 15,234 $ 32,665 Levy amount determined based on values received from the Department of Revenue results in a levy of 16.55 mills. 10