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08. Community DevelopmentSPECIAL REVENUE FUNDS Page Fund Dept COMMUNITY DEVELOPMENT 35 2880 CD Revolving Loan $ 4685825 3'6 2886 CD Miscellaneous $ 255865 37 2887 Rural Development Revolving Loan $ 941)018 38 2888 Rural Development Revolving Loan $ 1539146 39 2930 Preserve America Grant $ 195819 40 2945 CDBG $ 359,500 41 2953 EPA Brownfields Assessment Grant $ 1451066 42 2955 EPA Brownfields Revolving Loan $ 9965151 43 2991 NSP Grants #1 $ 685116 44 2994 NSP Grant #3 $ 700,018 $ 3,030,524 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 ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 FY13/14 $2891>888 $3 72, 151 $3 72,151 $394,269 $42,194 $35,329 $35,329 $27,649 $33202 $407,480 $407,480 $421,918 $33,618 $34,825 $40,702 $51,758 $19,878 $22,372 $27,093 $19,798 $16,200 $0 $0 $0 $125567 $500 $41.7753 $31000 $821)263 $625197 $72,548 $74,556 $414,345 $4691677 $4801028 $4961474 $0 $0 $21370 $0 $350,000 $58,110 $466,455 $0 $35000 $58,110 $468,825 $372,151 $84,348 $3941,269 $0 $35,329 $35,329 $27,649 $27,649 $407480 $11%677 $421,918 $27,649 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. 35 Community Development - Miscellaneous FUND: 28 86-480-470210 PROJECTED REVENUE AND FUND SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 FY13/14 BEGINNING CASH 10100 CASH: operating $357,684 $297,441 $297,441 $248,208 REVENUES 331018 CDBG Growth Policy Update (amended) $191)135 $865 $0 $0 341021 Grant Administration $181)277 $1000 $141062 $0 365000 Misc. /Donations $674 $0 $666 $0 371010 Interest/Misc. $3,349 $3,000 $1,893 $1,200 373070 Principal payments (Big Sky Manor) $51524 $61994 $61405 $71.)352 373010 Interest from Loans (Big Sky Manor) $21659 $2,825 $3,415 $2,468 331170 Historic Preservation Grant $0 $0 $0 $0 Total Revenue $49,618 $23,684 $263441 $11,020 Total Available $407,302 $321,125 $323,882 $2591228 EXPENDITURES Personal Services $60,833 $69,30I MOO $0 M & G $49,028 $56,402 $19,674 $25,865 Redevelopment/Grants $0 $5000 $0 $0 Total Expenditures $1091-861 $175,703 $751674 $25,865 ENDING CASH 10100 CASH $2975441 $145,422 $248,208 $2335363 36 RURAL DEVELOPMENT LOAN REVOLVING #61-01 FUND: 2887-480-4702I0 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 Total Expenditure ENDING CASH 10100 CASH: operating 10140 CASH: loan loss reserve (6% ols loans principal) ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 FY13/14 $233,592 $611)667 $615667 $411)285 $14,670 $14,670 $14,670 $24,243 $248,262 $76,337 $76,337 $65,528 $1,002 $1,000 $594 $500 $13,318 $21,999 $201)990 $20,968 $726 $500 $661 $500 $17,884 $20,037 $23,941 $30,824 $321930 $4311536 $46,186 $52,792 $281,192 $119,873 $122,523 $118,320 $201)107 $0 $143 $0 $162,674 $751)000 $34,778 $71418 $17,385 $1800 $177559 $18,000 $4,689 $400 $4,515 $47600 $204,855 $971,600 $56,995 $94,018 $61,667 $703 $41,285 $0 $14,670 $14,670 $24,243 $24,3 02 $76,337 $22,273 $b5,528 $24,302 PROGRAM DESCRIPTION The purpose of the Revolving Loan Fund (RLF) is to provide gap financing or business retention, expansion or startup 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. 37 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 Total Cash 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 Total Expenditures ENDING CASH 10100 CASH: operating 10140 CASH: loan loss reserve (6% of ols prin of loans) ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 I FY13/14 $107,323 $130,636 $130,636 $110,312 $10,259 $10,259 $10,259 $10,259 $117,582 $140,895 $140,895 $120,571 $0 $1,000 $650 $500 $9,266 $8,348 $8,530 $7,757 $549 $550 $880 $300 $23,550 $27,891 $29,689 $34,277 $33,365 $37,789 $39,749 $42,834 $150,947 $178, 684 $180, 644 $163 ,405 $10,025 $10,250 $10,025 $10,250 $27 $100,000 $50,048 $142,896 $10,052 $110,250 $60,073 $153,146 $130,636 $58,175 $110,312 $0 $10,259 $10,259 $10,259 $10,259 $140,895 $68,434 $120,571 $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) of which $257,500 was used. 38 Preserve America Grant FUND: 293 0-480-470240 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash REVENUE 331030 Preserve America Grant ($75,004) Total Revenue Total Available EXPENDITURES 354 Grant Contract Services ENDING CASH Cash ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 FY13/14 $0 $0 $0 $0 $3%809 $3%809 $29,514 $2%514 $9,696 $9,696 $1 %819 $19,819 $39,809 $2%514 $91)696 $19,819 $39,809 $2%514 $91696 $19,819 $0 $0 $0 $0 PROGRAM DESCRIPTION The preserve america grant is for the development of a website and social media marketing campaign for downtown Kalispell working with Hockaday Museum's youth program; 2) development of a marketing campagin 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. 39 2945 CDBG - ED FUND: 2945-480-470242 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASK CASH: operating REVENUES 331011 CDBG ED GRANT Total Available EXPENDITURES 820 Administration -transfer to General Fund 790 Machinery/Equipment Expenditures ENDING CASH CASH: operating ACTUAL FY11/12 BUDGET FY12/13 ACTUAL FY12/13 BUDGET FY13/14 $0 $0 $0 $0 $661.4119 $359,500 $0 $0 $66,119 $359,500 $5,392 $60,727 $1 0,000 $349,504 $66,119 $359,500 $0 $0 $0 $0 Pass thru grant for the college to purchase equipment used in training programs. ►o EPA BROWNFIELDS ASSESSMENT GRANT FUND: 2953-480-470210/470215 PROJECTED REVENUE AND FUND SUMMARY ACTUAL ACTUAL BUDGET ACTUAL BUDGET TY10/11 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 $975539 $170,519 $25453 $145,066 Total Revenue $127,774 $97,539 $170,519 $25453 $145,066 Total Available $128,094 $971539 $170,519 $25,453 $1451066 EXPENDITURES 480 470210 Petroleum Assessments $128,094 $23,376 $1371)777 $15,582 $107,038 480 470215 Hazardous Substance Assessments $741P163 $325742 $%871 $38,028 Total Expenditure $1281)094 $97,539 $170,519 $251)453 $145,066 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. 41 EPA BROWNFIELDS REVOLVING LOAN FUND FUND: 2955-480-4702I0 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash REVENUE 331090 EPA Funding Total Revenue Total Available EXPENDITURES 229 Supplies 352 Personnel 353 Fringes 354 Contracted Services 373 Travel 720 Loans 470215 HAZARDOUS SUBSTANCES 229 Supplies 352 Personnel 353 Fringes 354 Contracted Services 373 Travel 720 Loans ENDING CASH Cash ACTUAL BUDGET ACTUAL BUDGET FY11/12 FY12/13 FY12/13 FY13/14 $0 $0 $0 $0 $682 $999,318 $3,167 $996,151 $682 $999,318 $3,167 $9961151 $682 $999,318 $3,167 $996,151 $0 $950 $42 $908 $258 $161>942 $456 $16,486 $110 $51050 $211 $4,839 $0 $234,790 $0 $234,790 $0 $1,900 $1,066 $834 $0 $40,000 $0 $401>000 $0 $0 $0 $2,500 $42 $25458 $220 $475780 $465 $47,315 $94 $14,306 $210 $14,097 $0 $572,600 $0 $5721>600 $0 $25500 $676 $1,824 $0 $60,000 $0 $6000 $682 $999,318 $3,167 $996,151 $0 $0 ($0) $0 PROGRAM DESCRIPTION The City has been awarded $1,000,000 for a Brownfields Revolving Loan Program accepted 6/20/11. 42 2991 ILIZATIOTT-GPvi�� NEIGHBORHOOD FUND:9i 4 i0 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH CASH: operating REVENUES 331011 NSP Grant $4,000,000 41 Total Available EXPENDITURES 354 Contract Services - NSP Grant ENDING CASH CASH: operating ACTUAL ACTUAL BUDGET ACTUAL BUDGET FY10/11 FY11/12 FY12/13 I FY12/13 j FY1.3/14 $0 $0 $0 $0 $0 $1545 7,475 $59,649 $90,3 51 $22523 5 $% 116 $1,457,475 $59,649 $90,351 $22,235 $%116 $1,457,475 $59,649 $90,351 $22,235 $68,116 $1457,475 $5%649 $901P351 $22,235 $687116 $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). 43 2994 NEIGHBORHOOD FUND:"■ ■:0■ 1 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH CASH: operating REVENUES 331012 NSP Grant $1,500,000 #3 Total Available EXPENDITURES 355 Contract Services - NSP Grant 93 ENDING CASH CASH: operating ACTUAL FY10/11 ACTUAL FY11/12 BUDGET FY12/13 ACTUAL FY12/13 BUDGET FY13/14 $0 $0 $0 $0 $0 $1,500,000 $799,982 $700,018 $0 $0 $1,5007000 $799,982 $700,018 $0 $1,500,000 $799,982 $700,018 $0 $0 $1,50000 $799,982 $7002018 $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