3. Management's Discussion & Analysisuntitled - FinancialReportbl.pdf
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M110,111
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MANAGEMENT'S DISCUSSION AND ANA1,YSIS
11)
As injar, u--, gement ofthe ('.,.I*ty of KatisjNvll, we ofll�r readers of the, City of 1(callis , pec I 1',,.s 'financlial
# #*fies of the City of statements tbis narrative overview and analysis of tlie financlial actIvi, 1 1
/for the fiscal year ended June 30, 2012. "We encouragnoun readers, to consider the i Ilt"brmat tion
pres,,-ented here, lin con'unctio/n with addidonal * fonnat" n that wc have fii-truished',in, our letterof I M to,
trainstnittaL
FINANCIAL, HIGHLIGHTS
,op
J)"h. assets rah, the City of'K4,ihispell exceeded its, tiabillities at the closse, of th(;%,recent fisical year
by $161,187,596 (net assets),.. Of this amount,,$1, 3,169,786 (u nrestricted, net assets) may be
us d to tneet the government's ongoling obligations to citizvtis, and creditors.
�o ]Fotal net assets decrea-,4.;cd, by $2,008,778 over the prior fiscal year.
of June 30 the Clity's governmetital ftinds rep(")rted (,.*ombined endiing fundbarlances of
$11,170,373, an increase, of $1,898,583 over the p6or year. Of tliis atnotint, $1,553,710 lis
a ilable 1',"br spendling at the government's dliscret*on (commmitted, assignei , z- un ,va 'I J and asisu ned
t,`1-,i,n, d balances).
"rhe City's total deb, t decreased by $1,499,240 (4.8%) dtllriing, fiscal year 2012. The restilt of
millitnal new,N)rroNving.
AN OVERVIEW OF THE F1N',kN,,C1At,, S17ATEMEN'TS
rhere,,are thre,,e matin cotnponents to the City of Kah"'qw,'xi I's fitiancial statemetits: 1) g,'ovemment-
wide :fina,nciial statements, 2) fund ftnancial statements, and 3) notes tothe, /finatic"ial statements.
1#1
Other supplementary rnaterial,/jis includedin this re/Ix)rt tin, addi"tion, to thebas"ic financlial
statementsthe*mselves. "11ic City of Katisp ell, 1*//T1tet'idst`,b#r this, discussioti and, analysis to used
# 4
in CORjunctioti wi,/tli the basoic finat/ticial statements, and other,,t,,iit,,tter,,'tal,,cvts an intt-oduaiion and also
as a ineansto help the user be,tter understand the tinlk)rniat ion.
0
Government -wide Financt"al Statements
'nie govrernment-wide firuincial statements designed to provide readers with a broad
overvlew oftlie Clity of"',K,,all*spell's,,f"i,,na,,n,,Ces. "I"h r�aiat ion "i's presented lill these
s%tatetnents is Comparable to how the financial inibrination o, f'a private -sector busoness would tx
pr(,,%.servted.
"n, stateni nt of net assets presents inibrmation on all of the City ol""K alispe,11's assets atid
liablilit.''ies. "I"he dl*Mt�, nce txtween thc,�se two (assiets minus tiabilities) is reported, as net assels.
N'et assets can, be a useful to,(,,)Iin evatuat-ting the'tinancial health of an entity. A substantlal
decrease. in net o#ayssets niay tv a sign, of deterioratitig t"inanclial po,,sition.
e change in n<.%t assets during the mostrecent fiscal pt,*,riod is presented by the statement of
activitiess. Th, statement of acbvit,,ties repod's ctiangesln net tzis%sets at t , ht,,*. h1ne the event takes
place without regard to ttie coffeqx)nding cash 1"his. results titison'),e revenues and
I%, I
expenses ing reported * ithis statenient unfil 1,,/hat will not result in, cash flow a future't"iscal
period. Some examples of this- wotild be uncollectee but earned, taxest ind earned leave "benefits,),
M
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", ,,. r w nt-w* e iI d, ,"� adN �, �'" :..' '"",» � o,,; a :. , ,I a. "' ' vl w »' �'., "� » "�' ,» , ,, ,,, �"✓ ' , � s
F
tiinctions. supportedpredomi/nantlytaxes, intergovemmental
(governmental »,
and thc,)s, thiat areintended to recover the, *ority of their costs
»�° wn, . I »� : ew,+�ti�,,»F�, ���'°"»�I��.� ..o ` (business -type,
act . »�I , Ir s. , ',. ,, ,e ° rill ° " ,f y�o ,, , v e
of the/ City of Kaflispeffl inchide general, �» L ,
culture, and t ,
tlie City of
K,a,I'I*s"p,,ell,,,*t,/nclt,,,ide water
distriblition, sewer
wr
,'' t
a
y
0 *
described in,the f i)e paragraph, o riseparate a ' g. h N legally ea' separate
BusliTlo,ryy, ss I I o '... ,�'' ""'I!� I� °w I i i�.»+, t. �WW�y, „ t a il*on. of thesse, v im ts iis. �'��I' Gv.
CAI reported
J�
StatementsFund Financial
T"he City, of Kalispell, I'like niost other governn,,,len,"tal ent'ities, uses filnd accounting. Fttnds atre set
up to account,
»w,µ, i; ', ° , : specific
,ecc activities
"fir ivties n ei, s of
the
, :..' n i , "»" aide
, ensuring
compliance
» w o � legal requirements. ° w ( ofq", c t ^ ✓ 1st � � e "itµ
governmental, proprietary, fiduciary.
the govemnient-wide, ti/naticial statements. Governmental ✓
jnd financi'ad statements, by
,ft")CUSing on near -term inflows and outflows of spendable resources, may bx"-,* Tilore us.,-eftll
tn evaluating a govern/m, ent's, short-term, fiscal health ttian tl'ie, government -wide finaricial
sti,itements.
w been prepared toli/elp users moreeasily
f`un° � , » r, s " ' e o u. , " " V, s ttrts*setsiand the governmental
fund statement o and changes infund bieflaticetothe
contrastji,i,ig,
coiliparttigand understandirIg
'rye lorig,,-,tern,i. 'impact (govern/ment-Wide
statements) of near-terrn decisi*ons (goverm/nental 1","bnd statements).
The City xmw Kalispell wa � �
numerous individual
goverti.tnental 'fiund, balance sheet and statement of revenues, exp, end itures, tarid chicinges
'1111i fund „» I : ss ` ti, » » rmion separatelyo» ", which " considered
, governmental assets, liabilifies, cand ex,"IXnd"Itures contajinedtin " » »*dual
(always
»I the Revolving
SpecialFund, 2012 G.O. /Bi,,,,)nd Relinance (debt service) Fund and the
(debt,
"nie City of Kahispell adopts an, annual appropriated budget /1br itsliunds. A budgetary
comparlson statement s been provided tbr the"etic,%,rati'ud and themajorspecial
ON
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0
revenue fund to dennionstrate coinpliannce wifli this budget.
)io"Flie City of'Kiafl,,iispell maintalills/" two d1*t,`fer%,:nt �y/pes of proprieltary ffinds. Enterprise
fands and 111terrual service ffinds. Enterprise ftindsare used to report the sati:ie f *u 11 c, t, ti o n,,.s
presented as bt,,isl*,,tiel,,,,s,,s,-"t,ype,, activities in the government -wide financiial statements.
Water, szewer, ts'-6,11W wa,ste, and the a"firpoti, niake qp the City, of Kahispelf's enterpn*se
funds. The Clftv of Katispe/ll uses an lintemal servike fund to accumulate atid allocate ilts
data processmg tr#11 to J
an, , in nally 4amotig its var*ous funcflons. Under the old
repo,rt,thig inodel tinternal service, ffinds were repo iled as propn'etaryfunds because the y
recovered most of theff" cost through user t'�,esft'om other fiands. tWer this new model
these /t"bnds are efim *nated t1vo, u (11r, 1, , 4 as e1 1 gh an allocauk-m process and catego ized 4her, a
4,
governmental orbusainess-qrpe actlivity. Because the C/ity of Katispel I's internal service
fund, bxnefits governmental more s(",,) t/1, btis.",-iliess-type I'linctiol-is, "it has been included
0
i,/hlttvfi41 ihmidfinilments.
1n,t`brn,m,'zfion iin the propn"etary fbnd, finat,,icial statements I*s of the same type as that
provided 1*11, tht,%. goverrinient-wide financlial statements, however, it more det,ai'led.
1ndJ*v,:1*d/t/,ia1 ftmd data iis provided r the water ffind,, a, /nd, the wer tiln, d. I 11d"I'val dau,,I,
is not, requi'lled fi-,),r the a irport fund or tbe li,,xx*, cause they are not classifiled
as niz�jor f,"l,'trids.
)o- The C"ity of Kah"s"pell malitita i"ns. 'three 1"unds.,,", to accoun'tt,"br r sottrces held bythe
govern/.nient fior the, b, enefit of out',s"i'de pa, rt-ile S-. "I"'hese fidue I'ary; 1"unds are not reflected, 1"I"I'l
the govemment-wide financial sitatements tx cause the resources are not available to
supl.,),rort, the Clity ofKallispell's owti prograins. The City of Katis, 11 must enssurt,:, that the
asse%ts rej)(".Med, lin these fund s are used fi:)r their intended purposse*. 71"he accountiingy
method used 1`Z,,)r fiducliaryfunds lis slim,flar toth t usedl:br pr(,)I.)r"'I'et,a.,ry,,I,,"Iinds.
Notes to the Flinandial Statements
The in,,f,'Z)rnwtion contained in the goveminent-wide and fund fiinancial statements is nwant, to be,
e notes present fitrther detafl, of us,ed, in concurrence with the, n(tes to the financial sto,"',iternents.,
the data pr(:'),vided by tliest% statemetits.
Other Inforniafi*on
All reqtrired supplementary other th, n GA,SB Statement 45 -- (),ther Posstemployment
Benefits (OPEB)scliedtfles and tl/ie general and rnajor s,pect*al revenuet'li-tids budgetary
comparison sschedules lis M*el/tjd,ed thi thebasic financial statetnents or the acconilmnying n(,Aes.
1"here,fore,the mily I'llR),rniation presented /iin the sie cfiontbr requu-ed supplementary infiormafioll
is the OPEBli-n-forinat"ioti and, requlred budgetary comparkon schedules oti pages 71-72.
'The comb"injing statements for non -major govemnienus,�i,l and, non -major proprietictry 'funds are,
presentedinimedliately /,fifllowing flitet- qtrired supplementary,1*16o. rtnation section. Com
fit* naing
and 't"ndi'v'idual fttmi sticttemetits and schedtiles can'be,%A`,'Z),u,,,i,,id Ivagiinning on paget 7-3 ofthis report.
A cash flow statement lis also presented tt'br tlw Kalispell ParkM&! Com,mission with the
comb,ining statement's si"T"Icle it does not preparesepar, efinanclial statements.
UR
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ANALYZING THE CtTV AS A WHOLE
As nitentib"ned p rior, netassets can be antiniportatit indicator of an entities fituncia] well-being.
For the period endting June 30, 2012, t/he City, of Kafispe/fl's asisets e,/x/cet,,odedliab"Itit,,."*Ie./sby
$1611,187t596.
= "'M = "N' Liz�mvf K a *. . . . . ..........z ..... ... . . .4 ....... t ... . . . . .. I ... .... .......... 0
U*WS
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S c
capial, "Sch,
S7,036.5317
�f 0.0. 1 �, 3.1 ,, 5 10
7/4.3
77. 1 23.,"
4, "'PSY7, "Ir.4
Ttml *M"d'"S
,2,84
10*ff.� /3 261
1 2/,�I Ir
04'. 1
S9,717,245IWIUIUI
f
1 1411�'NIIWII V#Xj X.N
UxWta" 4dx ot9youift,
S 13,135,311
rv�
S 13,526.277
S S 17,,$)7SJ, 17 S I k S),A/V
POW
S N. 101
Odw, labbics
2 497#9 69
v9i 474
182"I'll
TOW Wbftn
YmM
5,$,
1,6OfVI1
IS/467.9915
Ift"'Md it capiAl, vwwb�' . ixt
71.5,67111 112,
718.29/5. 88/31
.16 4, 3 11
S � 92,68 6f
6,,9
58"713 1"
t I
ROVICM11
9 1 " 2" %"' " $1, 3
8,12,19"'57/7
1 1
16, 107,4""),
$,914,,,)/3%5'
14101 ) 111/kS 31
Ockt)
5,34,91.3,119
5,,92 1,7 17
7.32044,417
6,,22 1,456
1 J/11,M)
T4#1
S, K)" 71#5 77 1, OX"M
S 11�2,1111417'1/110/711
S I'llf"WAZIP S
S
S 4 /,,?,,1/,6 5!5, IbdWIMNIMti
An additio'nal fx)rtI*(I,,n of the,, City"'s nc;t as/.sets ($15,403,972 or 9.5%) rep resents resources that are
#1 v
,subject to extema] res"trictif'o) ns, on how t hey may be wie d. The refma,.tn,/,tnfg badatwe of unrestricted
net assets ($13,169,786 or 8.5%))maybe usf)ed to meet th.#."* Clity's ongou*lg, obligatio" ns to ciduns
an,d, creditor .1
# * 10
At June 30, tlx* City'lis ableto report pos"Itive balancesin all three categorws of net asses, both
for the City as a wtiole, as wel/I as for ft/s separate governmental at/W, business -type. activiticM.,
Net. asses of the C ity decreased by, Just ove, r I % for fitscal year 2012 i/n, compartson to fistal year
2011 ($161.2 inillion comparcid, to $163.2 M.1*111"on).
S
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Governmental Activities.,purl activities 'gym '' ,
vemmental
ll
vacal year 2012 decreased, the
's net
RISISLIAS byr $1,580,123. The key elements of /the detreaw werfe.
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'The tab, le and ch arts; b, elow and on, Ow fbilo, wing page he,,,Ip 1*11wit"mte'dw. in,,fi(,',),rma',tuon presented
above. 'The ta, ble aM bar chart present tbe cost and/ wt cost (total cost less revenms generated
- -------- - - - Goveram, tittal Act',tvittes
( 0
m millions)
Tot,al (."'.*ost NetC'Ost
of , SSenfltts of Strvim
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B. usiness.-typt activities. Bus;inewss-type, activities decremsed, the City ofKallispell's net assets by"
$428,655. The fiactors Ic ading to this, result were,,*
The charts on the fo,, flowing page help infibrmation pres;cmed at ,. x"),ve related, to
4 *
business -type activil"tiels. net aassvets.
KE
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RE
'in CA#wgn for w0ces
9;.
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AN,,A,,I,,,4YZI'NG r.F1`1E CITYS INU IDUAL R JNDS
Governmemal Ftinds
The f6cus of the, Cl*ty of Kall*spefl's govern/tTiental ftinds "I"s to provide 1i'nf6rt,-nao*on on r ar-term
tnflows,, outf1(,,)ws, and bal ainces of spendable resou'rces (fund Intlance). Spendable ,/nd balance
(restri"cu'A, comm.14ted, assIgned, -and unvassigned) i*s a use,ftfl tool when as-sesslngy the net
resources a government has available to spend at the end of a fiscal perl*lod.
At the end of fiscal yeai- '24WO 1 2,the o, f /Kaft*spell's governmental fiinds reported coled
W
endi ng 1'.1d ba lances of $/'1,, 1, 170,373, an increas,*e of $ 1 898,583 in coniparison w1iflithe pri*,or
fiscal yeamr. Of the endi'lig Ibnd b, 'krince, $9,384,555 (84%)1*511 restricted, indkating that
constratillts placed on the use of resources ar extertially 'j"inpo.sed, ori',tnposed by law'N";*cause-,
assets are him"Ifted by speel"fic grant agreements ($1,067,561); �,,,issets are timl*ted by cl",fic voter
approved bonds ($54,313) assets are linitited by specIffic speclial asSass ments ($2,279,289). as.°'ts
are litnited 'by, state law 904); assets are, limited by con'trINit"I"on restrl*cfionail ($40,488).
$1,553,710 or IM/6 "I's avadable tbr speridi"'ng at the ClRy's dliscrell"on. Below J*'s a sh(,),rt analyst"S of
jor each miad governmental fi,,,,j,,nd.
The general fitrid1k the chI*cf op rating, liund of tlie CiRy of At the end of "litscal year
2012 unioiss "I,&/! ned, fund balance of the getienid 1undwtas $1,415,486, w1ifle, total f"Und tyalatice was
$1,749,255., 71/1e..'t"'und balancetincreased $11606,992 durlifig fiscal yeat- 2012. Taxes and
as.w;-, ssments reventic inn rerased 6% or $303,140. Intergovernmental revenue was also up,
$106,154 andfinies and tbrfe`itures revenue increasedor$44,940. Overalt, the tl[ncreased
revenue was enough to off'set an',iticreas', i I n getu,.%ral governmetrit, exp, ,ndl*ftirels. of $481,656
. The* illCreased, general goven,,irnent expendftttres 'were the d1irect, result, oflthe fees
associated vNrfth Flathead Cottnty's 911 center. In the prior yetttr the t eslior the. 911, cetuer were
c 1*"dered publl*c sat"'ety for financlial reporting PllffKOWSaz ons so thei[ticre setti, general governent
exj,dR"fil y12 were, pallia fly, offsiebyd�e i pbhs-.afety ex"pendit ,vurnaer20ct suures o15hd f fisl y1s"fdnp1% ftaf$2,263. At oa102,unasgned,unbdaetits3otol
gene,ral f',1,ind expet"id1hures, a 40,,% t*mpro, Nrement t5rom 'fiscal Year 201 L
he Comm/tin-14y Development 1.,oati Revolvl*ng f"'Lind i*s a speci"alrevejtue /1"u/nd, us,.,,-/eWd to n".U."ke low
'in ,t In tnterest housing and comtnercl*al lowis within the C.14y of KaIlspe.11. PH c*pal and * �terest tirom
these loans or ttie Purchase and subsequent resale of a fixed asset are the milysources ofrevenue
11i thl*sfUnd. At June 30, 2012, theftindbalance of this fund was $407,480, a 170%,iiticrease fronn
fiscal year 2011. For, fiscal year 2012, there were no new projects in, the communtky
developmetit loan rev(,flvingfii/nd resulfing iin n/o e,,x"pendftures.
Special Improvement DIstrIct, 344 (dcbt, service) 1"Wid was, established, by t1lie, City ofKallspell 1.111
fiscal year 20,06 f(,,)r the purp<,.),s,,e ofservi*6/ng the debt att6butable to the construct'll"on, of the
/r*asti,,-u,cture needed lin the I*nd/u,str1*a1,/conun, ercl"al development known as.,�; Old Scho, ol Stati"on.
Fund, balance at June 30, 2012, fir,,,)r SID 344 was $109,217, a decrease, of 62% 'fro in frisca] year
2011. "rh'*Vs extraord,,ii/nary reduct,ilon 'I"'n "'I"Undb/alatice 1*.s thel, result of the ownc r ofmany
w lkhiti, the d1k,tri"etbeing . y� ars dehnquent on the taxes, fi:)r the propertl* S.
"17h,e 2012 G.O. Bond Refinance (debtserve) ffind Nvas establj*,shed by the Cfty of Kall"spell
0
m fiscal year 2012 f'*(,),r the purpow.-, of servt*,ci',n,gthe debt attri,butable to the refin anciing of the
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Clity's two oIt" stand'ing G.O. O issues. The new bonds were issued f'6r the pu./rp<,,)ses of
reducing the City's total debt service paymenfis over 'the ncxt 10 years by approminwely
$600,000, thereby reducm*g the taxes necessary to pay the principal of an(,'! linterest on the
Re/Iii/nded Bonds.
Propriewtaty Ftinds
he City ofKallispell's propr"ietary fly. nds fimanc,"lial statements pr(,,)vide th .4,;ame t)rpe of
in-'tb91tlict,,n fbund in the govemment-wide /11'ancial staxtements, but iin moredetail. Unrestricted
net assetsand the total growthin net ass,-ets of the propr*en tar� I y ffids by 't,"und are:
Propnietaq Fund Net Assets
1/0 of
Unrestricted,", IJnrestriate d Change lin % Change 'in
Net Asiss&ts N et, Assset, Net Assets Net Assets
Water,
$ 3j,5(Aj 1
48% $
87�359
-201,4
Sewer
2�9761184,
41%
(,5(,,)% 105)
119111,710'
Other
8,40* 159
1 11,1101'
(6) ,
"J"Otal
I S 71,3201,,47
I O(M $
(428,1,655)
100, 1/16
For the dlisetiss,,ion regarditi niajjor changres in net assets of ttte proprit'll.tary fiInds s;ee fl,"ie,
0
explanat,ion aix"we in the btisiness-t)e (Ictivitiels of the s.-tateinent of actlivi'tie'S.
GENERAL FUND BUDGETARY HIGH1.41GHT'S
T'he City of Kalispt:41's general t4nd, exj btidget lbr fis,,cal year 2012 was $10,482,395.
Actual ex, I tatice o. ,pend*tures, 't"br the year were $10,2(54,208, afilvorable vI f$218,187. Actual
pt,ibtlic safety expendittt/rIes were $106,120 less thaan budgeted, due to lower thall, expected
personnel cost f/",rom vacancysiwings an(II staff ttimover mid variotts other �,,t'hctors. Actual general
governn,Iie,jit expetiditures were $97,028 less than bt,'idgeted, the result of"n"lost genexal
govertiment" depatlm nts ma, k,I'/tlg el: , forts to hold down e;�plemd,'iture�s wh, re posslible.
Acaml revenues of the general und were $10,871,200, which exceeded the budgetvd, amount of
214at,'t,t�vor.,able'va.r,*iatieco�,,fl',$'11,(/,,).,986. Licensesand
pertnit re'venue, was $51,645, 35%
less thwan the bud is was the reSLIft ofthe confinued const/ruct"'on, lull geted, owit of $78,350. I'M
,10
j,/n/ the City of Kah"spell. Howcver, taxes and assessments revenue shoNved a favorablIGGe variance
of $86,225, and charges /f'br set -,vices revenue emceeded budget expectationss by $72,885. The
0 *
chardes fbr w.—mlices canb patitially attributed tot,,'Ihe parking commisston 1xv.1*11ig absorbed linto t1w
gene,t.-,al ffind.
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CAPITAL, A865SETS AND DEBT ADMINKFRATION
'0 At tht end of 2012, the City, of Kalispell Ims $161 362,224., net of depreciati"on, investediin a
b road range of capital assets, inctuding police, and fitre equipment, streets, buildin, gs' tand, park
flacifities, garbage's collection equtpment, and watcr and, scwer lines,
CITY OF KALISPELL'S CAPITAL ASSETS
(NET Of DEPRECIATION)
Gavemm'"al 1P, 0 TOAd
ma ing dw fiscal year 2012 'ncluded the following, jor capita, I as set ev ents dur* I
01
Additional infiormation on capdal assets can bc tioundin o noc te/s of the ba, sic fin, /ncia]
(Note D. CapitalA, ssets pages 5 1-52)*
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Total
20122,
22011
Z012 2/011
2012
Genecal
Revenue/Urban Rene"I bonds
$ '1700 000
1
'1254000, 1: 348 0001
$ 2 964 000
SRF logns
16,079000 17 002, 9, � I § 079 000
Aimmments
'
$ 31845329
4, 0717 194
3184,
32'91'eta
Contract diebwoam, 6
i� 2,422, 191
SIR 566
2,42,2191
To/41
$12.112.5,20
S/12.534,760,
$17.3,33.000 S18,410/M
S29.44-5.5,20 S
()t/hem obligatlions of the, City of /Katt*�pwlltinclude accrued vacation pay and sick lea, ve
4j
(comp, ensated absences).re dctailed information atvutthc City"s long-tenin liabilitie., / is,
pre/sented,''tin thenows to the fitia,/ti,,c,,/*tal,,.s*ta/tements ("N''otc E. Long -Term, pages 53-59).
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ECONOMIC FACTOW AND NEXT'VFAR'S BUDGETS. AND RATE S,
The City's elected, ajid appointed, o/tTilob ials considered many &ctors, when satting the. fisca/1 year
2013 tmdget, tax rates, -'*,and, fiees that Will ben charged, for the bus,"i,,,ness-t/ypea,,,ct"*Ivit"l*,es. These,
e0- Capita''I need,&- inflation'."; status, ofdw City's agreementswit,'.h the, bargain —mg factors c lud.,
units,; local eco. nomics, including the cittZTn's abillity to pay. In some instames, City, datalis
flable uand Flathead Cnty data was used. naval
Unemployment Data
12.0%
Illii�
iulil`'
IIIIIII
111101
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Flathead County" s miemploynient rate (j,,inadju,sted) stod at 7.5, %as of September of 2012,
which "is an improvement over the Septemtxx%,r 2011 rate of 9.1 j.)x,,%,rcent# "nuis is wors," t1unn the
State's unernployment rate of 5. IOX0, and the Nat, ik",ni"S rZo,tte of"7.6,ptL*,,,,t'centf(,/,)r,tliL, same month
t a.tid year.
)i,- Apphic4oations fbr buildingperm its and other Ii/tItemal indicators of growth Ii/nIproved', but
re,mained lowinfiscal year 2012. Shorwertnffiture forecast atre tnore optilnistic than lit"I the
recent pawst.
)0- Therapid pi.),pulation growth whic'h, Flathead Coittity and Nortbwest Motitana experieticed fi,)r
many years rematns slow.
Energy costs conuinue to nke.
#tY
)iio Cost of IaK,,)r, health, liabill. alt,id pt-operty inswr*ttnce c(:)ntinue to ri,IWII.
During "fiscal year 2012, :t'und balance 1"11, the General Fund i/ncre,,r,�is;ed to $1.749,255. The C lity of
W� #
K'adispell has not ap,,,pr( )priated atiy, of this amount for spending jin the 2013 fiscal year budget.
The CRY has detern�i*ned fluatpreserv* g this avaHable ftind baIa,nce/t,-vserveis necessary. "I"he
Gity contli'mes to levy, ttie niaxr/iimuj,rn mills pertnitted by law.
The Ci`ty Counclil approved, th R,,)JIowi`,ng rate increases ti,).r fiscal yea,'ir 201J.,,
)�o Governmental: no ratei'nereases
)�� Water blLin,onthly admillistrat/ive (basws) c1large 'increased ftom $3.75 to $9.38.
)i�p Sewer charge /pewr 1000 galloivs,',; increased firorn S4.19 to $4.78.
There w re no other riciteiii,"icreases.
Request for 106rniation
This fttiati, i"al repon "is designed to p,,r(:)vIide a general overview oftlie. City of Katis'pell's finatices
,t'," r aflthos;e with tztti 1*11terest "i'lith/c govemme/nt's firu,,,inces. Question, conceming anyoftfie
S, I I 11,1/nanc*al * 11,)rtnaflon shouldhL%,
fi)rmatiton provided liti thil's /r(,,�.port or req'i.,test., I )r addh*ona i, in I
address-ed to the City of Katigv-41, Finance Uirectol-, R.O. Box 1997, Kalispell, m"r 59903-1997.
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