09. Special Revenue Funds - TIFs & OtherAIRPORT TAX INCREMENT DISTRICT "S"
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
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12113
FY13114
FY13114
FY14115
$1,864,327
$141,337
$141,337
$603,039
$1,864,327
$141,337
$141,337
$603,039
$14.931
$9,956
$540,000
$14,832
$500
$450,000
$42,671
$1,570
$450,000
$14,832
$1,000
$450,000
$564,787
$465,332
$494,241
$465,832
$2,429,114
$606,669
$635,578
$1,068,871
$9,955
$2,277,822
921,941
$119,431
$18,184
$14,355
$25,820
$760,246
$2,287,777
$141,372
$32,539
$786,066
$141,337
$465,297
$603,039
$282,805
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
addition a] 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. 2185-000-430300/470240/460430
EXPENDITURE DETAIL
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12/13
FY13/14
FY13/14
FY14/15
480
470240
Personal Services_ FTE's
0.33
0.33
0.33
0.35
110
Salaries
$8,176
$17,112
$15,001
$19,719
153
Health
$1,240
$3,708
$2,067
$4,579
155
Retirement
$539
$1,12I
$1,115
$1,474
Subtotal
$9,955
$21,941
$18,194
$25,772
345
Telephone & Communication
$0
$0
$0
$48
Subtotal
$0
$0
$0
$48
000
430300
Airport
353
Auditing
$1,200
$1,600
$1,600
$1,600
356
Legal Surveyltitle search/appraisals/ contract services
$951
$10,000
$4,000
$0
522
Administrative transfer
$9,335
$7,831
$7,931
$8,646
840
Redevelopment activity
$2,266,336
$100,000
$924
$750,000
Subtotal
$2,277,822
$119,431
$14,355
$760,246
Total
$2,287,777
$141,372
$32,539
$786,066
43
WESTSIDE TAX INCREMENT DISTRICT "C"
FUND: 2188
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100 Operating
Total Cash
REVENUES
311100
Real Fstate Taxes
311200
Personal Property Taxes
312000
Penalty & Interest
335230
HB 124 Entitlement
341015
Developer payment -Depot Place Apt
371010
Investment Earnings
Total Revenue
Total Available
EXPENDITURES
Loan Revolving Funds
Distribution or Redevelopment
Total Expenditures
ENDING CASH
Operating
PILT-DEPOT PLACE APT COMPLEX
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12/13
FY13114
FY13114
FY14115
$2,275,372 $2,727,603 $2,727,603 $3,165,679
$2,275,372 $2,727,603 $2,727,603 $3,165,679
$307,237
$325,000
$258.560
$285,000
$44,642
$45,000
$16,930
$17,000
$1,655
$1,200
$651
$400
$95,142
$95,0D0
$234,165
$95,000
$58,6I3
$0
$5,945
$5,945
$18,160
$20,000
$15,284
$12,000
$525,449
$486,200
$531,535
$415,345
$2,800,821
$3,213,803
$3,259,138
$3,581,024
$0
$0
$0
$0
$73,218
$2,081,855
$93,459
$2,595,404
$73,218
$2,081,855
$93,459
$2,585,404
$2,727,603 $1,131,948 $3,165,679 $995,620
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 far 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
COMMUNM DEVELOPMENT
Personal Services
490-470230
110 Salaries-Admin
I53 Health
155 Retirement
Subtotal
353
Audit
354
Transfer to Port Authority-bldg maint.
356
Contract services/note issue costs
840
Transfer to debt service Fund 3188
522
Administrative Transfer
710
Loan Revolving Funds
720
Redevelopment
Subtotal
EXPENDITURE DETAIL
FTITS
ACTUAL
BUDGET
ACTUAL
BUDGET
k Y12/13
FY13/14
FY13114
FY14115
0.66 0.66 0.66 0.65
$26,776
$36,305
$34,006
$38,544
$3,812
$5,823
$4,410
$6,871
$1,764
$2,394
$2,535
$2,869
$32,352
$44,522
$40,951
$48,284
$1,250
$2,000
$2,000
$2,000
$5,000
$0
$0
$0
$840
$D
$159
$0
$32,000
$32,520
$32,520
$32,000
$1,776
$2,813
$2,813
$3, i 2D
$0
$1,000,000
$0
$1,500,000
$o
$1,000,000
$15,017
$1,000,000
$40,866
$2,037,333
$52,509
$2,537,120
Total $73�218 $2,081,855 $93,459 $2,585,404
45
2310 OLD SCHOOL STATION TIF-TECHNOLOGY "G11
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
3I5000
Penalty & Interest
335230
HB 124 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
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12113
FY13114
FY13114
FY14/15
$1,120 $4,492 $4,492 $13,209
$44,110
$40,000
$43,471
$45,000
$6,298
$6,000
$6,343
$6,500
$191
$50
$t7
$50
$724
$362
$3,056
$724
$117
$50
$77
SSG
$51,440
$46,462
$52,947
$52,324
$52,560
$50,954
$57,439
$65,533
$143
$12,338
$10,587
S25,000
$1,000
$12,500
$10,750
$22,000
$0
$11,964
$10,266
$22,000
$1,000
$12,500
$10,500
$30,000
$49,068
$46,250
$44,230
$54,000
$4,492
S4,704
$13,209
$11,533
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.
.O
2311 OLD SCHOOL STATION TIF-INDUSTRIAL "H"
FUND: 2311-480-470210
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100 Cash Operating -Redevelopment
REVENUES
311100 Real Estate Taxes
312000 Penalty & Interest
Total Revenue
Total Available
EXPENDITURES
790 Redevelopment activity
820 Operating transfer to SII] debt Service -pledged
Total Expenditures
ENDING CASH
10100 Operating Cash -Redevelopment
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12113
FY13114
FY13114
FY14115
$61
$6,209
$6,209
$0
$17,216
$1.593
$12,000
$1,000
$2,485
$103
$2,500
$100
$18,809
$13,000
$2,588
$2,600
$18,870
$19,209
$8,797
$2,600
$o
$12,661
$0
$13,000
$0
$8,797
$o
$2,000
$12,661
$13,000
$8,797
$2,000
$6,209
$6,209
$0
$600
PROGRAM DESCRIPTION
The Industrial 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.
47
MONTANA CULTURAL ARTS GRANT
FUND: 2927-400-460452.... 460454
PROJECTED REVENUE AND FUND SUMMARY
BEGDUgNG 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
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12113
FY13114
FY13114
FY14115
$0 $0 $n $0
$3,839
$o
S427
$0
$5,546
$11,250
$616
$10,634
$2,I33
$12,500
$237
$12,263
$11,518
$23,750
$1,280
$22,897
$11,518
$23,750
$1,280
$22,897
$3,839
$0
S427
$0
$5,546
$11.250
$616
$10,634
$2,133
$12,500
$237
$12,263
$11,518
$23,750
$1,280
$22,897
$0
$0
$0
$o
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.
Thcsc arc grant recommcndations in the Govcmor's budget for the 2014 & 2015 budget to be approved by Elie legisiaturc.
48
HEALTH -permissive levy
FUND: 23 72-400-521000-810
REVENUE PROJECTION
BEGINNING CASH
10100 Cash on Hand
REVENUE
311100
Real Estate taxes
311200
Personal Property taxes
312000
Penalty & Interest
Total Revenue
Total Available
EXPENDITURES
521000-8 1 0 Health Insurance -transfer to General Fund
521000-810 Health Insurance -transfer to PARKS
ENDING CASH
Cash Carry over
18.5 18.5 18.5 M5
ACTUAL
BUDGET
ACTUAL
BUDGET
FY12113
FY13114
FY13114
FY14115
$ 34,609 $ 26,849 $ 26,849 $ 41,055
$ 688,066
$ 700,000
$ 693,043
$
710,000
$ 30,235
$ 22,157
$ 47,669
$
25,000
$ 2,178
$ 2,500
$ 1,495
$
1,500
$ 720,479
$ 724,657
$ 742,206
$
736,500
$ 755,088
$ 751,506
$ 769,055
$
777,555
$ 660,239
$ 660,000
$
660,000
$
665,000
$ 68,000
$ 69,000
$
68,000
$
70,000
$ 728,239
$ 729,000
$
728,000
$
735,000
$ 26,849 $ 22,506 5 41,055 $ 42,555
PROGRAM DESCRIPTION
This budget is used to track the revenue from the permissive mill levy which provides funding for health insurance premiurn increases.
Health insurance premiums are budgeted in the General Fund by deparanent. The revenue generated from the permissive levy is used
to main 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 a base 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