09. Debt Service & Capital Project FundsDEBT SERVICE FUNDS
Page
Fund
1
various
Debt Service Funds
$
1,826,190
CAPITAL PROJECT FUNDS
2
4290
Sidewalk & Curb Construction
$
25,000
3
4312
FAA Grant
$
45,000
4
4345
SID 345 "The Willows"
$
128,000
Total
$
198,000
PROGRAM OF SERVICES
DEBT SERVICE FUNDS
CASH
REVENUE
EXP.
CASH
RATE FUND
7/1/2013
ANTICIPATED
PROJECTIO
6/30/2014
3.83% 2005 AIRPORT TIF $2,000,000 15 yr
$213,843
$640,000
$630,800
$223,043
4%v 2012 WESTSIDE TIF $ 500,000 25 yr
$120
$32,400
$32,520
$0
4.85% 2007 CITY HALL $1,420,165 12 yr (3/2015 earliest refi)
$318
$156,756
$156,752
$322
1.59% 2012 G. O. BOND $4,145,000 10 yr
$37,173
$492,000
$502,313
$26,860
DEBT SERVICE REVOLVING
$38,540
$0
$o
$38,540
7.75% 2005 S&C $22,850
$0
$3,063
$3,063
$0
6.50% 2007 S&C $15,407
$0
$2,273
$2,273
$0
3.5o% 2008 S&C $ 8,980
$0
$1,269
$1,269
$0
3.50% 2009 S&C $ 7,629
$0
$1,109
$1,109
$0
3.25% 2010 S&C $ 942
$0
$140
$140
$o
3.25% 2011 S&C $ 5,792
$0
$890
$890
$0
3.25% 2012 S&C $ 3,982
$0
$628
$628
$0
$9,372
$9,372
$0
S& C Totals $0
5.60% 2001 SID 343 - Sunnyview KRMC $1,518,500
20 yr
$65,547
$113,800
$108,510
$70,837
5.27% 2006 SID 344 - Old School Station $4,520,000
20 yr
$230,000
$200,000
$367,283
$62,717
SID 344 - BOND RESERVE
$226,000
$0
$0
$226,000
3.5o% 2013 SID 345 - The "Willows" $ 228,000
15 yr
$0
$20,000
$18,640
$1,360
$333,800
$494,433
$360,914
SID Totals $521,547
Total $811,541 1 $1,664,328 1 $1,826,190 ( $649,679
For a comprehensive list of the City of Kalispell debt, see page 14 of the Exhibits section.
il
SIDEWALK & CURB CONSTRUCTION
ACCOUNT # 4290-410
PURPOSE OF THIS FUND: Why does this fund exist?
This program is a means of encouraging the replacement of deteriorating sidewalks in order to maintain a
safe pedestrian network.
GOALS OF THIS DEPARTMENT: What are the departmental goals that support the purpose?
1. Provide the means for residents to participate in a cost sharing program for sidewalk improvements.
2. Provide the City and its residents access to competitive bids for sidewalk replacement.
INTENDED OUTCOMES FROM BUDGET EXPENDITURES:
The FY2014 budget represents a plan to continue the 50150 curb and sidewalk program to encourage the
replacement of deteriorating curbing and sidewalks to create a more aesthetically pleasing and functional
pedestrian community.
SIDEWALK & CURB CONSTRUCTION
FUND: 4290-410-430234-93 7
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100 CASH:
REVENUES
381004 Proceeds S & C Warrants
Total Revenue
TOTAL AVAILABLE
EXPENDITURES
937 Sidewalk Construction Costs
ENDING CASH
10100 CASH:
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY11/12
FY12/13
FY12/13
FY13/14
$0
$0
$0
$0
$5,793
$25,000
$4,500
$25,000
$5,793
$25,000
$4,500
$25,000
$5,793
$25,000
$4,500
$25,000
$5,793
$25,000
$4,500
$25,000
$0
$0
$0
$0
2
FAA AIRPORT GRANT - PLANNING GRANT &
FUND: 4312-430-430310 ENVIRONMENTAL ASSESSMENT UPDATE
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100 Cash
REVENUES
331128 FAA Planning Grant DOT -FA IONM-2032
5%City Match
331130 FAA Environmental Grant FY2013
Total Revenue
Total Available
354 Master Plan Update/Environmental Assessment
940 Capital Improvements
Total Expenses
ENDING CASH
10100 Cash: Operating
ACTUAL
FY11/12
BUDGET
FY12/13
estimated
ACTUAL
FY12/13
proposed
BUDGET
FY13/14
$2,498
$258
$258
$0
$42,560
$0
$0
$0
$0
$45,000
$4,917
$0
$0
$0
$4,500
$40,500
$42,560
$45,000
$4,917
$45,000
$45,058
$45,258
$5,175
$45,000
$44,800
$45,000
$258
$5,175
$45,000
$44,800
$45,258
$5,175
$45,000
$258 $0 $0 $0
BUDGET HIGHLIGHTS
Pending the outcome ofthe November election, an engineering firm may be selected to prepare an Environmental Assessment on the airport update.
The EA will be funded 90% by the FAA. (331130)
3
SID 345 "THE WILLOWS"
ACCOUNT# 4345-453
PURPOSE OF THIS FUND: Why does this fund exist?
A Special Improvement District has been created to participate in the cost of the Willows Subdivision
Stormwater Improvements.
GOALS OF THIS DEPARTMENT: What are the departmental goals that support the purpose?
Design and construct improved stormwater quality and flood management system for the Willows
Subdivision.
INTENDED OUTCOMES FROM BUDGET EXPENDITURES
The FYI budget address the design and construction improvements to alleviate the flooding issues in the
Willows Subdivision. The expenditures will include water quality practices to ensure minimal impacts to
the environment from urban stormwater runoff.
SID 345 THE WILLOWS
FUND: 4345-453-43 0246
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100 CASH:
REVENUES
381004 Proceeds SID BONDS
Total Revenue
TOTAL AVAILABLE
950 STORM SEWER Construction Costs
ENDING CASH
10100 CASH:
estimated
proposed
BUDGET
ACTUAL
BUDGET
FY12/13
FY12/13
FY13/14
$0
$0
$128,000
$392,556
$228,000
$0
$392,556
$228,000
$0
$392,556
$228,000
$128,000
$392,556
$100,000
$128,000
$0
$128,000
$0
4