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10. Other BudgetsOTHER BUDGETS Page No. FUND No. 1 2927 Cultural Art Grants $ 13,500 2 3000 Debt Service Funds: SID Revolving transfer $ 100,000 4 3600 Sidewalk & Curbs $ 13,441 5 3640 SIDs 343- 344 $ 489,275 6 3010 G. O. Bond -Pool $ 292,100 7 3162 G. O. Bond Fire Hall $ 270,075 8 3170 City Hall Debt Service $ 156,755 9 3185 Airport TIF Debt Service $ 181,000 3185 Airport TIF Transfer to operating 2185 $ 750,000 10 3188 Westside TIF Note - Debt Service $ 32,000 11 2372 Health Permissive Levy $ 728,239 Total Debt service & Misc. Budgets $ 3,026,385 MONTANA CULTURAL ARTS GRANT I • 'il 4a1.460454 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 ACTUAL ACTUAL BUDGET BUDGET FY09/10 FY10/11 FY11/12 FY12/13 $0 $0 $0 $0 $12,104 $3,750 $1,216 $0 $0 $0 $9,000 $13,000 $5,000 $4,500 $6,500 $2,500 $17,070 $0 $27,000 $13,500 $17,070 $0 $27,000 $13,500 $12,104 $3,750 $1,216 $0 $0 $0 $9,000 $13,000 $5,000 $4,500 $6,500 $2,500 $17,070 $0 $27,000 $13,500 $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. 1 FUND PROGRAM E VICES DEBT SERVICE FUNDS REVENUE EXP. CASH 7/1/12 ANTICIPATED PROJECTION CASH CARRY OVER 6/30/2013 AIRPORT TIF DEBT $348,559 $802,500 $931,000 $220,059 WESTSIDE TIF DEBT $0 $32,400 $32,000 $400 NEW CITY HALL DEBT $317 $156,756 $156,754 $319 REVOLVING $30,522 $2,500 $0 $33,022 REVOLVING-BONDRESEWv $226,000 $0 $100,000 $126,000 G.O.BOND-POOL $14,802 $282,083 $292,100 $4,785 G.O.BOND-FIRE HALL $31,516 $262,700 $270,075 $24,141 2004 S&C $99 $4,162 $4,162 $99 2005 S&C $712 $3,271 $3,271 $712 2007 S&C $241 $2,388 $2,388 $241 2008 S&C $53 $1,306 $1,306 $53 2009 S&C $29 $1,141 $1,141 $29 2010 S&C $0 $143 $143 $0 2011 S&C $0 $1,030 $1,030 $0 S& C Totals $1,134 $13,441 $13,441 $1,134 SID 343 $77,980 $113,800 $112,540 $79,240 SID 344 $300,313 $394,958 $376,735 $318,536 SID Totals $378,293 $508,758 $489,275 $397,776 Total $1,031,143 $2,061,138 $2,284,645 $807,636 I 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 3170 New City Hall Debt Service Principal (amended Res. 5277-refinance) Interest SUBTOTAL 3188-Westside TIF Debt Service Principal Interest Operating Transfer 3185-AIRPORT TIF Debt Service Principal Interest & fiscal agent fees Operating Transfer 3604-3611 Sidewalk & Curbs Principal Interest + closeout 3643-3644 SID's Principal Interest Fiscal Agent Fees/close out ACTUAL ACTUAL BUDGET BUDGET FY09/10 FY10/11 FY11/12 FY12/13 $160,000 $170,000 $175,000 $185,000 $128,588 $121,588 $114,150 $106,800 $300 S300 $300 $300 $288,888 $291,888 $289,450 $292,100 $180,000 $185,000 $190,000 $200,000 $87,458 $82,058 $76,138 $69,775 $300 $300 $300 $300 $267,758 $267,358 $266,438 $270,075 $95,925 $100,632 $105,572 $110,754 $60,830 $56,121 $51,181 $46,000 $156,755 $156,753 $156,753 $156,754 $78,877 $0 $0 $12,000 $3,693 $0 $0 $20,000 $487,172 $0 $0 $0 SUBTOTAL $569,742 $0 $0 $32,000 $120,000 $120,000 $125,000 $130,000 $65,175 $60,435 $55,875 $51,000 $550,000 $500,000 $500,000 $750,000 SUBTOTAL $735,175 $680,435 $680,875 $931,000 $13,259 $14,213 $12,661 $11,666 $3,423 $2,951 $2,644 $1,775 SUBTOTAL $16,682 $17,164 $15,305 $13,441 $345,000 $320,000 $305,000 $305,000 $223,863 $208,993 $196,928 $183,675 $900 $7,818 $600 $600 SUBTOTAL $569,763 $536,811 $502,528 $489,275 3500 SID Revolving Fund - transfers to SID 344 $0 $0 $12,000 $100,000 TOTAL $2,604,763 $1,950,409 $1,923,349 $2,284,645 3 is `r � iii i C 3602 2000-2003 S & C 3604 2004 S & C 3605 2005 S & C 3607 2007 S & C 3608 2008 S & C 3609 2009 S & C 3610 2010S&C 3611 2011 S & C Sub Total S&C's ACTUAL ACTUAL BUDGET BUDGET FY09/10 FY10/11 FYY11/12 FY12/13 Princi Interest close out Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest $3,391 $349 $3,962 $792 $2,857 $1,035 $1,926 $809 $1,123 $438 $16,682 $3,391 $209 $3,962 $594 $2,857 $828 $1,926 $693 $1,123 $255 $954 $372 $1,720 $69 $500 $3,962 $397 $2,857 $622 $1,926 $577 S1,123 $219 $955 $217 $118 $43 $3,962 $200 $2,857 $414 $1,926 $462 $1,123 $183 $955 $186 S118 $25 S725 $305 $17,164 $15,305 $13,441 Ell DEBT SERVICE FUNDS: 3000 DEBT SERVICE 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 ACTUAL ACTUAL BUDGET BUDGET FY09/10 FY10/11 FYll/12 FY12/13 $5,000 $5,000 $0 $0 $620 $310 $0 $0 $0 $6,918 $0 $0 $5,000 $10,000 $0 $0 $938 $625 $0 $0 $300 $300 $0 $0 $110,000 $80,000 $80,000 $80,000 $43,760 $38,400 $36,270 $32,240 $300 $300 $300 $300 $225,000 $225,000 $225,000 $225,000 $178,545 $169,658 $160,658 $151,435 $300 $300 $300 $300 $569,763 $536,811 $502,528 $489,275 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. R 2002 G. 0. BOND -Aquatics Facility FUND: 3010-000-490100 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10165 Cash, Bond Account VENUE 311100 Real Estate Taxes (billed) 311100 Westside Tif Distribution 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 mills Estimated 7 mills ACTUAL BUDGET ACTUAL BUDGET FY10/11 FY11/12 FY11/12 FY12/13 $12,072 $17,357 $17,357 $14,802 $280,718 $267,360 $267,335 $267,360 $5,158 $5,158 $13,390 $13,123 $12,802 $13,123 $2,351 $1,200 $1,200 $1,200 $714 $400 $400 S400 $297,173 $287,241 $286,895 $282,083 $309,245 $304,598 $304,252 $296,885 $170,000 $175,000 $175,000 $185,000 $121,588 $114,150 $114,150 $106,800 $300 $300 $300 $300 $291,888 $289,450 $289,450 $292,100 $17,357 $15,148 $14,802 $4,785 PROGRAMESC TI 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/l /2022. The interest rate is 4.66%. T i is - . ` 000-•000 PROJECTED REVENUE 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 EXPENDITURES Debt Service 610 Principal 620 Interest 630 Fiscal agent fees ENDING CASH Cash, Bond Account 6.7 mills 6.5 mills Estimated 6.5 mills ACTUAL BUDGET ACTUAL BUDGET FY10/11 FY11/12 FY11/12 FY12/13 $31,693 $31,642 $31,642 $31,516 $251,609 $12,502 $2,237 $959 $248,723 $4,608 $11,726 $1200 $500 $248,569 $4,608 $11,435 $1,200 $500 $250,000 $0 $11,000 $1,200 $500 $267,307 $266,757 $266,312 $262,700 $299,000 $298,399 $297,954 $294,216 $185,000 $82,058 $300 $190,000 $76,138 $300 $190,000 $76,138 $300 $200,000 $69,775 $300 $267,358 $266,438 $266,438 $270,075 $31,642 $31,961 $31,516 $24,141 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 SERVICI 1 111 • i 11 BEGINNING CASH 10100 CASH: VENUES General Fund - Entitlement FYI 361050 Water Rent 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: Estimated ACTUAL BUDGET ACTUAL BUDGET FY10/11 FY11/12 FY11/12 FY12/13 $317 $314 $317 $317 $97,184 $97,184 $97,184 $99,540 $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 $2,350 $156,753 $156,753 $156,753 $156,756 $157,070 $157,067 $157,070 $157,073 $100,632 $105,572 $105,572 $110,755 $56,121 $51,181 $51,181 $46,000 $156,753 $156,753 $156,753 $156,755 $317 $314 $317 $318 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 Service Estimated ACTUAL BUDGET ACTUAL BUDGET FY10/11 FY11/12 FY11/12 FY12/13 BEGINNING CASH 10165 Cash, Bond Account $26,509 $40,629 $40,629 $163,684 10130 Cash, Bond Reserve $184,875 $184,875 $184,875 $184,875 REVENUE 311100 Real Estate Taxes (billed) $638,625 $600,000 $750,000 $750,000 311200 Pers. Property Taxes (budget billed; actual collect $49,710 $60,000 $51,400 $50,000 312000 Penalty & Interest $6,220 $2,500 $2,530 $2,500 Total Revenue $694,555 $662,500 $803,930 $802,500 TOTAL AVAILABLE $721,064 $703,129 $844,559 $966,184 EXPENDITURES 610 Principal $120,000 $125,000 $125,000 $130,000 620 Interest $60,135 $55,575 $55,575 $50,700 630 Fiscal agent fees $300 $300 $300 $300 Total Debt Service $180,435 $180,875 $180,875 $181,000 Operating Transfer to TIF $500,000 $500,000 $500,000 $750,000 TOTAL. EXPENDITURES $680,435 $680,875 $680,875 $931,000 ENDING CASH Total Cash Available for: $225,504 $207,129 $348,559 $220,059 10165 Cash, Bond Account $40,629 $22,254 $163,684 $35,184 10130 Cash, Bond Reserve $184,875 $184,875 $184,875 $184,875 I�.Z�7l�7_ ►j�i17�T.�� :: �I Current debt is a 15 year bond for $2,000,000 with final payment 7/l/2023; 4.11%-3.87% Revenue in excess of the debt service is transferred to the Airport Tax Increment District. 9 2012 WESTSIDE TIF NOTE ® Debt Service FUND: 318 8-000-490700 PROJECTED REVENUE AND FUNDSUMMARY ACTUAL BUDGET FYll/12 FY12/13 BEGINNING CASH 10100 Cash, Bond Account $0 $0 VENUE 382188 Operating Transfer from TIF $6,000 $32,000 371010 Interest $0 $400 Total Revenue $6,000 $32,400 TOTAL AVAILABLE $6,000 $32,400 EXPENDITURES 610 Principal $12,000 620 Interest $6,000 $20,000 Total Debt Service $6,000 $32,000 TOTAL EXPENDITURES $6,000 $32,000 ENDING CASH Total Cash Available for : $0 $400 10100 Cash, Bond Account Current debt service is a $500,000 Note 2012. The rate is a variable rate .75 basis points above prime adjusted semi-annually on each interest payment date. (Wall Street Journal) The initial interest rate is 4%. There is no bond reserve requirement, however, the balance in the TIF Development Fund 2188 muut be at least equivalent to the outstanding principal on the bond at fiscal year end. RESOLUTION 5550, Dated March 5, 2012 10 HEALTH - permissive FUND: 2372-400-521000-810 VENUE PROJECTION 14.6 mills 16.55 16.55 18.0 BEGINNING CASK 10100 Cash on Hand VENUE 311100 Real Estate taxes 311200 Personal Property taxes 312000 Penalty & Interest Total Revenue Total Available EXPENDITURES 521000-810 Health Insurance -transfer to General Fund 521000-810 Health Insurance -transfer to PARKS ENDING CASH Cash Carry over Estimated ACTUAL BUDGET ACTUAL BUDGET FY10/11 FY11/12 FY11/12 FY12/13 $ 12,054 $ 15,234 $ 15,234 $ 30,587 $ 548,599 $ 637,578 $ 635,000 $ 700,000 $ 27,145 $ 25,000 $ 25,000 $ 27,000 $ 4,762 $ 3,000 $ 3,500 $ 3,000 S 580,506 $ 665,578 $ 663,500 $ 730,000 $ 592,560 $ 680,812 $ 678,734 $ 760,587 $ 512,326 $ 583,147 $ 583,147 $ 660,239 $ 65,000 $ 65,000 $ 65,000 $ 68,000 $ 577,326 $ 648,147 $ 648,147 $ 728,239 $ 15,234 $ 32,665 $ 30,587 $ 32,348 PROGRAM DESCRIPTION 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 us 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 $583 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 35 less employees than we had in year 2000 in the General Fund and less emplyees than last year. The mill calcuaition will be adjusted when we receive the new values from Department of Revenue. Increase in Health Premiums projected at 5 %. Levy amount determined based on values received from the Department of Revenue results in a estimated levy of 18 mills. Final numbers available in August. 11