08. Special Revenue Funds - TIFS & OthersSPECIAL REVENUE FUNDS
Page
Fund
Dept TIFS & OTHER
42-43
2185
Airport TIF
$
19283,548
44-45
2188
Westside TIF
$
49085A48
46
2310
Old School Tech TIF
$
89NO
47
2311
Old School Industrial TIF
$
1000
48
23 72
Health
$
9365000
$
65403 5996
AIRPORT TAX INCREMENT DISTitICT "B"
FUND: 2185-000-4303 00/470240/46043 0
PROJECTED REVENUE AND FUND SUMMARI
BEGINNING CASH
10100 Cash
Total Beginning Cash
REVENUES
335230 State Entitlement
3 71010 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
FY13/14
FY14/15
FY14/15
FY15/16
$141,337
$603,039
$603,039
$9637930
$141,337
$603,039
$603,039
$963,930
$42,671
$11570
$450,000
$14,832
$1,000
$450,000
$42,671
$4,659
$450,000
$42,671
$4,500
$45000
$494,241
$465,832
$497,330
$497,171
$635,578
$1,068,871
$15100,369
$1,461301
$18,184
$14,355
$251)820
$760,246
$191548
$116,891
$23,274
$1,260,274
$32,539
$786,066
$136,439
$1,283,548
$6031P039
$282,805
$963,930
$177,553
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: 2185-000-4303 00/470240/46043 0
11,,XPEADITURE DETAIL
ACTUAL
BUDGET
ACTUAL
BUDGET
FY13/14
FY14/15
FY14/15
FY15/16
480
470240
Personal Services: FTE's
0.33
0.35
0.35
0.35
110
Salaries
$151)001
$1 %719
$15,93 8
$1 %067
153
Health
$2,067
$4,579
$2,365
$2,721
155
Retirement
$15115
$1,474
$1,201
$1,438
Subtotal
$18,184
$25,772
$19,504
$23,226
345
Telephone &. Communication
$0
$48
$44
$48
Subtotal
$0
$48
$44
$48
000
430300
Airport
353
Auditing
$1,600
$100
$1,600
$1,600
356
Legal Survey/title search/appraisals/ contract services
$4,000
$0
$0
$0
522
Administrative transfer
$7,831
$8,646
$8,646
$81fi74
840
Redevelopment activity
$924
$7505000
$106,645
$1,250,000
Subtotal
$14,355
$760,246
$116,891
$15260,274
Total
$32,539
$786,066
$136439
$112831)548
43
WESTSIDE TAX INCREMENT DISTRICT "C"
FUND: 2788
PROJECTED REVENUE AND FUND SUMMARY
BEGINNING CASH
10100 Operating
Total Cash
REVENUES
311100 Real Estate 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
PILT-DEPOT PLACE APT COMPLEX
ACTUAL
BUDGET
ACTUAL
BUDGET
FY13/14
FY14/15
FY14/15
FY15/16
$2,727,603
$3,1651.b79
$3,165,679
$4,008,568
$2,727,603
$3,165,679
$3,165,679
$4,008,568
$258,560
$161>930
$651
$234,165
$5,945
$15,284
$285,000
$17,000
$400
$95,000
$5,945
$12,000
$835,159
$9,248
$1,115
$243,128
$115320
$24,168
$0
$8,500
$400
$244,000
$6,500
$21,000
$531,535
$415,345
$1,124,138
$280,400
$3,259,138
$3,5811.5024
$41)289,817
$4,288,968
$0
$93,459
$1,500,000
$15085,404
$0
$281,249
$1,500,000
$2,585,448
$93,459
$2,585,404
$281,249
$4,085,448
$3,165,679
$995,620
$4,0081)568
$203,520
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.
JEJ
WESTSIDE TAX INCREMENT DISTRICT
FUND: 2188
COMMUNITY DEVELOPMENT
Personal Services
480-470230
110
Salaries-Admin
153
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
Total
ACTUAL
BUDGET
ACTUAL
BUDGET
FY13/14
FY14/15
FY14/15
FY15/16
FTE'S 0.66
0.66
0.66
0.65
$34,006
$38,544
$34,246
$39,760
$4,410
$6,871
$4,519
$5,161
$2,535
$2,869
$2,582
$2,989
$40,951
$481>284
$411.1347
$47,910
$2,000
$2,000
$2,000
$2,000
$0
$0
$0
$0
$158
$0
$189
$0
$32,520
$32,000
$32,000
$32,340
$2,813
$31>120
$3,120
$3,198
$0
$1500,000
$1,500,000
$15,017
$1,000,000
$202,5 93
$2,50071000
$52,508
$2537,120
$239,902
$4,037,538
$93,459
$2,585,404
$281,249
$4,0851,448
45
2310 OLD SCHOOL STATION TIF-TECHNOLOGY "G"
FUND: 2310-480-470210
L"ROJECTED 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
383001 Transfer from Debt Service -Reimburse
Total Revenue
Total Available
EXPENDITURES
354 Contract Services- Bond Counsel
355 Glacier Investment Reimbursement
356 FED -EX Reimbursment/Developer agreement
820 Operating Transfer-FY14 Debt Service1FY15 Comm. Dev.
Total Expenditures
ENDING CASH
101.00 Operating Cash -Redevelopment
amended
ACTUAL
BUDGET
ACTUAL
BUDGET
FY13/14
FY14/15
I FY14I15
FY15/16
$4492
$13,209
$13,209
$25,429
$43471
$45,000
$128,974
$6300
$6,343
$6,500
$3,989
$3,989
$0
$50
$417
$0
$31)056
$724
$3,057
$3,056
$77
$50
$182
$50
$0
$180,366
$180,366
$0
$52,947
$23200
$316,985
$70,095
$574)439
$245409
$3305194
$951)524
$0
$1,000
$0
$0
$11,964
$12,500
$114)589
$12,000
$10,266
$101)500
$16,886
$17,000
$22,000
$280,765
$276,290
$60,000
$44,230
$304,765
$304,765
$89,000
$13,209
($58,866)
$25429
$6,524
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 SUMMARI
BEGINNING CASH
10100 Cash Operating -Redevelopment
REVENUES
311100 Real Estate Taxes
312000 Penalty & Interest
383001 Transfer from Debt Service -Reimburse
Total Revenue
Total Available
EXPENDITURES
820 Operating Transfer-FY 14 Debt Service/FY 15 Comm. E
Total Expenditures
ENDING CASH
10100 Operating Cash -Redevelopment
amended
ACTUAL
BUDGET
ACTUAL
BUDGET
FY 13114
FY 14/ 15
FY 14115
FY 15116
$6,209
$0
$0
$12,927
$2,485
$103
$0
$2,500
$100
$53,378
$18,732
$177
$53,378
$6,500
$100
$0
$2,588
$55,978
$721)287
$6,600
$8,797
$55,978
$72.1287
$19,527
$8,797
$595360
$59,360
$10,000
$8,797
$5%360
$5%360
$10,000
$0
($3,382)
$12,927
$9,527
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
HEALTH -permissive levy
FUND: 2372-400-521000-810
REVENUE PROJECTION
ixs ivs ias nn
BEGINNING CASH
10100 Cash on Hand
REVENUE
311100
Real Estate taxes
311200
Personal Property taxes
312000
Penalty & Interest
335230
Entitlement
Total Revenue
Total Available
EXPENDITURES
521000-810 Health Insurance -transfer to General Fund
521000-810 Health Insurance -transfer to PARKS
ENDING CASH
Cash Garry over
ACTUAL
FY13/14
BUDGET
FY14/15
ACTUAL
FY14/15
BUDGET
FY15/16
$ 26,849 $ 41,055 $ 41,055 $ 1041)057
$
693,043
$
710,000
$
758,265
$
855,000
$
47,669
$
251000
$
15,885
$
15,000
$
11)495
$
11>500
$
2,468
$
2,500
$
-
$
-
$
21 ,3 84
$
22,132
$
742,207
$
7365500
$
798,002
$
894,632
$
76%055
$
777,555
$
8391057
$
998,689
$
660,000
$
665,000
$
66500
$
850,000
$
6800
$
70,000
$
7000
$
861)000
$
728,000
$
735,000
$
735,000
$
93600
$
41,055
$
42,555
$
1041057
$
62,689
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 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.
48