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07. Community DevelopmentSPECIAL REVENUE FUNDS Page Fund Dept COMMUNITY DEVELOPMENT 36 2880 CD Revolving Loan $ 506,707 37-38 2886 CD Operating $ 25,865 39 2887 Rural Development Revolving Loan $ 95,925 40 2888 Rural Development Revolving Loan $ 155,399 41 2930 Preserve America Grant $ 19,819 42 2953 EPA Brownfields Assessment Grant $ 169,024 43 2955 EPA Brownfields Revolving Loan $ 999,318 44 2991 NSP Grants #1/#3 $ 780,887 $ 2,752,944 COMMUNITY DEVELOPMENT -REVOLVING FUND FUND: 2880-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash, Operating 10162 Cash, Reserve for investment (S&C) REVENUES 373020 Loan Proceeds/Principal 373010 Loan Proceeds/ -Interest 373070 Loan to Street Dept. 1.95% interest rate 371010 Interest Earnings (inc S&C interest) Total Revenue Total Available EXPENDITURES 353 Auditing 711 Redevelopment Total Expenditures ENDING CASH 10100 Cash, Operating 10162 Cash, Reserve for investment TOTAL CASH estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 FY13/14 $289,888 $372,151 $372,151 $432,151 $42,194 $35,329 $35,329 $35,329 $332,082 $407,480 $407,480 $467,480 $33,618 $34,825 $41,000 $51,758 $19,878 $22,372 $26,000 $19,798 $16,200 $0 $0 $0 $12,567 $5,000 $3,000 $3,000 $82,263 $62,197 $70,000 $74,556 $414,345 $469,677 $477,480 $542,036 $0 $0 $0 $2,370 $0 $350,000 $10,000 $504,337 $0 $350,000 $10,000 $506,707 $372,151 $84,348 $432,151 $0 $35,329 $35,329 $35,329 $35,329 $407,480 $119,677 $467,480 $35,329 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. 36 Community Development - Miscellaneous FUND: 28 86-4 80-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH: operating REVENUES 331018 CDBG Growth Policy Update (amended) 341021 Grant Administration 365000 Misc. /Donations 371010 Interest/Misc. 373070 Principal payments (Big Sky Manor) 373010 Interest from Loans (Big Sky Manor) 331170 Historic Preservation Grant Total Revenue Total Available EXPENDITURES Operating Budget Redevelopment/Grants Total Expenditures ENDING CASH 10100 CASH estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 FY13/14 $357,684 $297,441 $297,441 $245,398 $19,135 $865 $865 $0 $18,277 $10,000 $13,208 $0 $674 $0 $667 $0 $3,349 $3,000 $1,600 $1,200 $5,524 $6,994 $6,994 $7,352 $2,659 $2,825 $2,825 $2,468 $0 $0 $0 $0 $49,618 $23,684 $26,159 $11,020 $407,302 $321,125 $323,600 $256,418 $109,861 $125,703 $78,202 $25,865 $0 $50,000 $0 $0 $109,861 $175,703 $78,202 $25,865 $297,441 $145,422 $245,398 $230,553 37 Community Development - Miscellaneous FUND: 28 86-480-470210 EXPENDITURE DETAIL proposed ACTUAL ACTUAL BUDGET BUDGET FY10/11 FY11/12 FY12/13 FY13/14 Personal Services: FTE's 1.00 1.00 1.00 0.00 110 Salaries& Wages $55,512 $51,101 $57,933 $0 153 Health Insurance $6,427 $6,386 $7,634 $0 155 Retirement $3,642 $3,346 $3,734 $0 Total Personal Services $65,581 $60,833 S69,301 $0 Materials and Services: 210 Office Supplies $565 $1,314 $1,500 $0 211 Grant Administration Expenses/project exp $684 $35 $2,000 $0 312 Postage & Printing $1,179 $1,656 $2,000 $0 334 Montana West Membership $500 $0 $500 $0 345 Telephone, Communications $188 $473 $400 $0 353 Auditing $1,200 $1,200 $1,500 $0 354 Contract Services $168 $859 $1,000 $0 355 Prospect Development $0 $0 $3,000 $0 373 Dues & Training $1,874 $2,712 $3,800 $0 379 Meetings $69 $475 $500 $0 395 CDBG Growth Policy Update $3,959 $17,156 $2,845 $865 396 Studies/Surveys & marketing $5,500 $3,220 $25,000 $25,000 510 Property & Liability Ins. $2,975 $2,896 $3,000 $0 522 Administrative Transfers $6,671 $5,651 $3,961 $0 528 Data Processing Transfers $6,680 $6,680 $3,046 $0 531 Office Rent new bldg $4,703 $4,703 $2,350 $0 Total Materials & Services $36,915 $49,028 $56,402 $25,865 Grants: 790 Redevelopment Activity $0 $0 $50,000 $0 Total Grants & Housing $0 $0 $50,000 $0 GRAND TOTALS $102,496 $109,861 $175,703 $25,865 38 RURAL DEVELOPMENT LOAN REVOLVING #61-01 FUND: 2 8 87-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH: operating 10140 CASH: loan loss reserve Total Cash REVENUES 345010 APPLICATION/ORIGINATION FEES 373010 LOAN INTEREST * 371010 OTHER INTEREST 373030 PRINCIPAL TOTAL REVENUE AMOUNT AVAILABLE EXPENDITURES PERSONAL SERVICES REDEVELOPMENT ACTIVITY PRINCIPAL INTEREST ENDING CASH 10100 CASH: operating 10140 CASH: loan loss reserve (6% o/s loans principal) estimated proposed ACTUAL BUDGET ACTUAL BUDGET FYI1/12 FY12/13 FY12/13 FY13/14 $233,592 $61,667 $61,667 $52,765 $14,670 $14,670 $14,670 $14,670 $248,262 $76,337 $76,337 $67,435 $1,002 $1,000 $494 $500 $13,318 $21,999 $21,999 $20,968 $726 $500 $600 $500 $17,884 $20,037 $25,000 $30,824 $32,930 $43,536 $48,093 $52,792 $281,192 $119,873 $124,430 $120,227 $20,107 $0 $0 $0 $162,674 $75,000 $34,921 $73,325 $17,385 $18,000 $17,559 $18,000 $4,689 $4,600 $4,515 $4,600 $204,855 $97,600 $56,995 $95,925 $61,667 $7,603 $52,765 $0 $14,670 $14,670 $14,670 $24,302 $76,337 $22,273 $67,435 $24,302 PROGRAM DESCRIPTION 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. The 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. 39 RURAL DEVELOPMENT LOAN REVOLVING #61-03 FUND: 2888-480-470210 PROJECTED REVENUE AND FUND SUMMARY 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 (6% of o/s prin of loans) estimated proposed ACTUAL BUDGET ACTUAL I BUDGET FYII/12 FY12/13 FY12/13 FY13/14 $107,323 $130,636 $130,636 $112,565 $10,259 $10,259 $10,259 $10,259 $117,582 $140,895 $140,895 $122,824 $0 $1,000 $400 $500 $9,266 $8,348 $9,500 $7,757 $549 $550 $400 $300 $23,550 $27,891 $31,000 $34,277 $33,365 $37,789 $41,300 $42,834 $150,947 $178,684 $182,195 $165,658 $10,025 $10,250 $10,025 $10,250 $27 $100,000 $49,346 $145,149 $10,052 $110,250 $59,371 $155,399 $130,636 $58,175 $112,565 $0 $10,259 $10,259 $10,259 $10,259 $140,895 $68,434 $122,824 $10,259 PROGRAM DESCRIPTION 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. The department was successful in writing a Rural Development (RD) grant application on 11/27/06 from the RD Intermediary Relending Program (IRP) ofwhich $257,500 was used. 40 Preserve America Grant FUND: 2930-480-470240 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH REVENUE 331030 Preserve America Grant ($75,000) Total Revenue TOTAL AVAILABLE EXPENDITURES 354 Grant Contract Services ENDING CASH CASH estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 FY13/14 $0 $0 $0 $0 $39,809 $29,514 $9,696 $19,819 $39,809 $29,514 $9,696 $19,819 $39,809 $29,514 $9,696 $19,819 $39,809 $29,514 $9,696 $19,819 $0 $0 $0 $0 PROGRAM DESCRIPTION The preserve america grant is for the development ofa website and social media marketing campaign for downtown Kalispell working with Hockaday Museum's youth program; 2) development ofa marketing campaggn with youth and local business input to promotre cultural resources in the historic downtown destination; and 3) provide way -finding, historic register building and interpretive signage in the downtown Kalispell. 41 EPA BROWNFIELDS ASSESSMENT GRANT FUND: 2953-480-470210 PROJECTED REVENUE AND FUND SUMMARY estimated proposed ACTUAL ACTUAL BUDGET ACTUAL BUDGET FY10/11 FY11/12 FY12/13 FY12/13 FY13/14 BEGINNING CASH 10100 CASH $320 $0 $0 $0 $0 REVENUE 331090 EPA FUNDING $400,000 $127,774 $97,539 $170,519 $1,494 $169,024 Total Revenue $127,774 $97,539 $170,519 $1,494 $169,024 TOTAL AVAILABLE $128,094 $97,539 $170,519 $1,494 $169,024 EXPENDITURES 480 470210 Petroleum Assessments $128,094 $23,376 $137,777 $2,104 $126,956 480 270215 Hazardous Substance Assessments $74,163 $32,742 ($610) $42,068 Total Expenditure $128,094 $97,539 $170,519 $1,494 $169,024 ENDING CASH CASH $0 $0 $0 $0 $0 PROGRAM DESCRIPTION The City has been awarded $400,000 for Brownfield Revitalization Project funds to be used for Phase 1 and Phase II Environmental Assessments. 42 EPA BROWNFIELDS REVOLVING LOAN FUND FUND: 2955-480-470210 PROJECTED REVENUE AND FUND SUMMARY estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 FY13/14 BEGINNING CASH 10100 CASH $0 $0 $0 $0 REVENUE 331090 EPA FUNDING $682 $999,318 $0 $999,318 Total Revenue $682 $999,318 $0 $999,318 TOTAL AVAILABLE $682 $999,318 $0 $999,318 EXPENDITURES 470210 PETROLEUM 229 Supplies $0 $950 $0 $950 352 Personnel $258 $16,942 $0 $16,942 353 Fringes $110 $5,050 $0 $5,050 354 Contracted Services $0 $234,790 $0 $234,790 373 Travel $0 $1,900 $0 $1,900 720 Loans $0 $40,000 $0 $40,000 470215 HAZARDOUS SUBSTANCES $0 $0 229 Supplies $0 $2,500 $0 $2,500 352 Personnel $220 $47,780 $0 $47,780 353 Fringes $94 $14,306 $0 $14,306 354 Contracted Services $0 $572,600 $0 $572,600 373 Travel $0 $2,500 $0 $2,500 720 Loans $0 $60,000 $0 $60,000 $682 $999,318 $0 $999,318 ENDING CASH CASH $0 $0 $0 $0 PROGRAM DESCRIPTION The City has been awarded $1,000,000 for a Brownfields Revolving Loan Program accepted 6/20/11. 43 2991/2994 NEIGHBORHOOD STABILIZATION GRANT FUND: 2991-480-470242 PROJECTED REVENUE AND FUND SUMMARY estimated proposed ACTUAL ACTUAL BUDGET ACTUAL BUDGET FY10/11 FY11/12 FY12/13 FY12/13 FY13/14 BEGINNING CASH CASH: operating $0 $0 $0 $0 $0 REVENUES 331011 NSP Grant $4,000,000 41 $1,457,475 $59,649 $90,351 $22,274 $68,077 331012 NSP Grant $1,500,000 #3 $1,500,000 $787,190 $712,810 Total Available $1,457,475 $59,649 $1,590,351 $809,464 $780,887 EXPENDITURES 354 Contract Services - NSP Grant $1,457,475 $59,649 $90,351 $22,274 $68,077 355 Contract Services - NSP Grant #3 $1,500,000 $787,190 $712,810 $1,457,475 $59,649 $1,590,351 $809,464 $780,887 ENDING CASH CASH: operating $0 $0 $0 $0 $0 PROGRAM DESCRIPTION The Neighborhood Stabilization Program is intended to stabilize foreclosure affected neighborhoods by purchasing foreclosed/abandoned homes and 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). 44