08. TIFs & OtherSPECIAL REVENUE FUNDS
Page
Fund
Dept TIFS & OTHER
42-43
2185
Airport TIF
$
786,066
44-45
2188
Westside TIF
$
2,585,404
46
2310
Old School Tech TIF
$
54,000
47
2311
Old School Industrial TIF
$
13,000
48
2927
MT Cultural Arts Grants
$
22,897
49
2372
Health
$
735,000
$
4,196,367
AIRPORT TAX INCREMENT DISTRICT "B"
FUND: 2185-000-430300/470240/460430
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100 Cash
Total Beginning Cash
REVENUES
335230 State Entitlement
371010 Investment Revenue
383001 Transfer from Debt Service
Total Revenue
Total Available
EXPENDITURES
Personal Services
M & O and Redevelopment
Total Expenditures
ENDING CASH
Cash Carry Over
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12/13
FY13/14
FY13/14
FY14/15
$1,864,327
$141,337
$141,337
$545,797
$1,864,327
$141,337
$141,337
$545,797
$14,831
$14,832
$14,832
$14,832
$9,956
$500
$1,000
$1,000
$540,000
$450,000
$450,000
$450,000
$564,787
$465,332
$465,832
$465,832
$2,429,114
$606,669
$607,169
$1,011,629
$9,955 $21,941 $21,941 $25,820
$2,277,822 $119,431 $39,431 $760,246
$2,287,777 $141,372 $61,372 $786,066
$141,337 $465,297 $545,797 $225,563
PROGRAM DESCRIPTION
Bonds sold in September 2005 required that all taxes be deposited in the debt service fund. The same will be true of any
additional bonds sold for the redevelopment of the airport. Once debt service obligations are met, funds remaining can be
transferred to this fund for use with other approved projects.
42
AIRPORT TAX INCREMENT DISTRICT
FUND: 2185-000430300/470240/460430
EXPENDITURE DETAIL
480
470240 Personal Services: FTE's
110 Salaries
153 Health
155 Retirement
Subtotal
000
430300 Airport
353 Auditing
356 Legal Survey/title search/appraisals/ contract services
522 Administrative transfer
840 Redevelopment activity
Subtotal
Total
proposed
ACTUAL
ACTUAL
BUDGET
BUDGET
FY11/12
FY12/13
FY13/14
FY14/15
0.30
0.33
0.33
0.35
$14,563
$8,176
$17,112
$19,767
$1,914
$1,240
$3,708
$4,579
$949
$539
$1,121
$1,474
$17,426
$9,955
$21,941
$25,820
$0
$1,200
$1,600
$1,600
$1,335
$951
$10,000
$0
$11,792
$9,335
$7,831
$8,646
$0
$2,266,336
$100,000
$750,000
$13,127
$2,277,822
$119,431
$760,246
$30,553 $2,287,777 $141,372 $786,066
43
WESTSIDE TAX INCREMENT DISTRICT "C"
FUND: 2188
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100
Operating
Total Cash
REVENUES
311100
Real Estate Taxes
311200
Personal Property Taxes
312000
Penalty & Interest
335230
1111 124 Entitlement
341015
Developer payment-TELETECH/Depot Place Apt
371010
Investment Earnings
Total Revenue
Total Available
Loan Revolving Funds
Distribution or Redevelopment
Total Expenditures
ENDING CASH
Operating
PILT-DEPOT PLACE APT COMPLEX
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12/13
FY13/14
FY13/14
FY14/15
$2,275,372 $2,727,603 $2,727,603 $3,058,105
$2,275,372 $2,727,603 $2,727,603 $3,058,105
$307,237
$325,000
$281,000
$285,000
$44,642
$45,000
$16,870
$17,000
$1,655
$1,200
$448
$400
$95,142
$95,000
$95,140
$95,000
$58,613
$0
$5,945
$5,945
$18,160
$20,000
$14,000
$12,000
$525,449
$486,200
$413,403
$415,345
$2,800,821
$3,213,803
$3,141,006
$3,473,450
$0 $1,000,000 $82,901 $1,500,000
$73,218 $1,081,855 $0 $1,085,404
$73,218 $2,081,855 $82,901 $2,585,404
$2,727,603 $1,131,948 $3,058,105 $888,046
PROGRAM DESCRIPTION
The Westside Urban Renewal District was created to help redevelop the Gateway Mall area and assist with the Storm drainage problems in the area.
Ordinance 1704 expanded and extended the life of the Westside Urban Renewal District for 25 years with the sale of an Urban Renewal Note in the amount of
$500,000 to Rocky Mountain Bank. The District has since been expanded to include the Core Area Redevelopment Boundary.
44
WESTSIDE TAX INCREMENT DISTRICT
FUND: 2188
COMMUNITY DEVELOPMENT
Personal Services
480-470230
110 Salaries-Admin
153 Health
155 Retirement
Subtotal
EXPENDITURE DETAIL
proposed
ACTUAL
ACTUAL
BUDGET
BUDGET
FY11/12
FY12/13
FY13/14
FY14/15
FTF'S 0.355
0.66
0.66
0.65
$18,667
$26,776
$36,305
$38,544
$2,434
$3,812
$5,823
$6,871
$1,220
$1,764
$2,394
$2,869
$22,321
$32,352
$44,522
$48,284
353
Audit
$1,200
$1,250
$2,000
$2,000
354
Transfer to Port Authority-bldg maint.
$5,000
$5,000
$0
$0
356
Contract services/note issue costs
$18,337
$840
$0
$0
840
Transfer to debt service Fund 3188
$6,000
$32,000
$32,520
$32,000
522
Administrative Transfer
$17,094
$1,776
$2,813
$3,120
710
Loan Revolving Funds
$0
$0
$1,000,000
$1,500,000
720
Redevelopment
$465,000
$0
$1,000,000
$1,000,000
Subtotal
$512,631
$40,866
$2,037,333
$2,537,120
Total $534,952 $73,218 $2,081,855 $2,585,404
45
2310 OLD SCHOOL STATION TIF-TECHNOLOGY "G"
FUND: 2310-480-470210
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100
Operating Cash -Redevelopment
REVENUES
311110
Real Estate Property Taxes
311200
Personal Property Taxes
315000
Penalty & Interest
335230
HB124 Entitlement
371010
Investment Earnings
Total Revenue
Total Available
EXPENDITURES
354
Contract Services- Bond Counsel
355
Glacier Investment Reimbursement
356
FED -EX Reimbursment/Developer agreement
820
Operating Transfer -debt service pledge
Total Expenditures
ENDING CASH
10100
Operating Cash -Redevelopment
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12/13
FY13/14
FY13/14
FY14/15
$1,120
$4,492
$4,492
$12,429
$44,110
$40,000
$45,000
$45,000
$6,298
$6,000
$6,343
$6,500
$191
$50
$50
$50
$724
$362
$724
$724
$117
$50
$50
$50
$51,440
$46,462
$52,167
$52,324
$52,560
$50,954
$56,659
$64,753
$143
$1,000
$0
$1,000
$12,338
$12,500
$11,964
$12,500
$10,587
$10,750
$10,266
$10,500
$25,000
$22,000
$22,000
$30,000
$48,068
$46,250
$44,230
$54,000
$4,492
$4,704
$12,429
$10,753
PROGRAM DESCRIPTION
The Technology TIF was created to enable the development of the Tech Park by using the taxes paid
by the property owners to pay down the infrastructure SID debt. Additionally the tax revenue
generated can be used for other redevelopment activities as provided by Montana law and the developer agreement
City Council in July 2011 approved an agreement with Glacier Investment Properties, owner of Lot 7 to reimburse
the SID costs from their increment. This is a similar agreement as we have with Fed -Ex.
46
2311 OLD SCHOOL STATION TIF-INDUSTRIAL "H"
FUND: 2311-480-470210
PROJECTED REVENUE AND FUND SUMMARY
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12/13
FY13/14
FY13/14
FY14/15
BEGINNING CASH
10100 Cash Operating -Redevelopment $61
$6,209
$6,209
$2,834
REVENUES
311100 Real Estate Taxes $17,216
$12,000
$9,500
$11,000
311200 Penalty&Interest $1,593
$1,000
$125
$150
Total Revenue $18,809
$13,000
$9,625
$11,150
Total Available $18,870
$19,209
$15,834
$13,984
EXPENDITURES
790 Redevelopment activity $0
$0
$0
$0
820 Operating transfer to SID debt Service -pledged $12,661
$13,000
$13,000
$13,000
Total Expenditures $12,661
$13,000
$13,000
$13,000
ENDING CASH
10100 Operating Cash -Redevelopment $6,209
$6,209
$2,834
$984
PROGRAM DESCRIPTION
The Industrial TIE was created to enable the development of the Tech Park by using the taxes paid
by the property owners to pay down the infrastructure SID debt. Additionally the tax revenue
generated can be used for other redevelopment activities as provided by Montana law and the developer
agreement.
47
MONTANA CULTURAL ARTS GRANT
FUND: 2927-400-460452.... 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
estimated
proposed
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12/13
FY13/14
FY13/14
FY14/15
$0
$0
SO
$0
$3,839
$5,546
$2,133
$0
$11,250
$12,500
$427
$616
$237
$0
$10,634
$12,263
$11,518
$23,750
$1,280
$22,897
$11,518
$23,750
$1,280
$22,897
$3,839
$5,546
$2,133
$0
$11,250
$12,500
$427
$616
$237
$0
$10,634
$12,263
$11,518
$23,750
$1,280
$22,897
$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 2014 & 2015 budget to be approved by the legislature.
48
HEALTH -permissive levy
FUND: 2372-400-521000-810
REVENUE PROJECTION
18.5 18.5 18.5 18.5
BEGINNING CASH
10100 Cash on Hand
REVENUE
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
ACTUAL
FY12/13
BUDGET
FY13/14
estimated
ACTUAL
FY13/14
proposed
BUDGET
FY14/15
$ 34,609 $ 26,849 $ 26,849 $ 28,049
$ 688,066
$ 30,235
$ 2,178
$ 700,000
$ 22,157
$ 2,500
$ 696,000
$ 33,000
$ 1,200
$ 710,000
$ 25,000
$ 1,500
$ 720,479
$ 724,657
$ 730,200
$ 736,500
$ 755,088
$ 751,506
$ 757,049
$ 764,549
$ 660,239
$ 68,000
$ 660,000
$ 69,000
$ 660,000
$ 69,000
$ 665,000
$ 70,000
$ 728,239
$ 729,000
$ 729,000
$ 735,000
$ 26,849
$ 22,506
$ 28,049
$ 29,549
PROGRAM DESCRIPTION
This budget is used to track the revenue from the permissive mill levy which provides funding for health insurance premium increases.
Health insurance premiums are budgeted in the General Fund by department. The revenue generated from the permissive levy is used
to make an operating transfer to the General Fund.
The State legislature restructured the method for calculating the amount to be levied with the permissive health levy. The calculation
sets year 2000 as abase year and calculates the average increase per governmental employee times the number of employees. Since it
is an average amount, currently $985 per employee, it is not necessary to adjust for single, married, 2 party, etc. The calculation takes
into account the number of employees.
49