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07. Special Revenue Funds - Community DevelopmentSPECIAL REVENUE FUNDS Page Fund Dept COMMUNITY DEVELOPMENT 35 2880 CD Revolving Loan $ 152,00 36 2881 CD Revolving Loan #2 $ 15 500 37-38 2886 CD Miscellaneous $ 342,517 39 2887 Rural Development Revolving Loan $ 172,75 40 2888 Rural Development Revolving Loan $ 120M25 41 2953 EPA Brownfields Assessment Chant 400,000 42 255 EPA Brownfields Revolving Loan $ 5,907 3 21 Tiger Grant $ 100,000 44 2994 Kidsport Grant $ 2,152,726 $ 14M7 ,250 COMMUNITY DEVELOPMENT -REVOLVING FUND FUND: 2880-480-470210 BEGINNING CASH 10100 Cash, Operating 10162 Cash,, Reserve for investment (S&C) REVENUES PPD ADJ - 2881 FY14/2887-2888 FY15 345010 Application/Origination Fee 373020 Loan Proceeds/Principal 373010 Loan Proceeds/ -Interest 371010 Interest Earnings (inc S&C interest) Total Revenue Total Available EXPENDITURES 353 Auditing 354 Contract Services 711 Redevelopment Total Expenditures 10100 Cash, Operating 10162 Cash, Reserve for investment Total Cash I I ACTUAL I BUDGET I ACTUAL I BUDGET FY14/15 FY15/16 FY15/16 FY16/17 $2865075 $138,485 $138,485 $157,433 $36!922 $37,242 $37:1242 $46,514 $3225997 $175.1727 $175,727 $203,947 ($151,706) $0 $0 $0 $200 $0 $0 $0 $23,790 $20,1126 $22,046 $19)073 $5,519 $5,224 $45821 $4,523 $3:1398 $11500 $2,426 $2)000 ($118,799) $26,850 $29:293 $25,596 $204, 198 $202:1577 $205,020 $229,543 $1,370 $1,370 $1,000 $1,000 $0 $1,340 $67 $1)000 $27:1101 $100:1000 $6 $150)000 $28,471 $102,7 10 $1)073 $15200 $1387485 $621625 $157,433 $3 1 X9 $37)242 $37,242 $46,514 $46)514 $175,727 $9907 $203,947 $77)543 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. KR COMMUNITY DEVELOPMENT -REVOLVING FUND #2 FUND: 2881-480-470210 ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 FY15/16 FY16/17 BEGINNING CASH 10100 Cash,, Operating $111 ,417 $138)794 $138,794 $167,393 $111 ,417 $138,794 $138,794 $167,393 373020 Loan Proceeds/Principal $14,956 $15,527 $15,722 $16.1253 373010 Loan Proceeds/ -Interest $12,544 $11 ,973 $11 ,778 $111247 371010 Interest Earnings $877 $500 $1 ,099 $1 ,000 Total Revenue $28,377 $28,000 $28,599 $28,500 Total Available $139,794 $166,394 $167,393 $195,893 EXPENDITURES 353 Auditing $1)000 $ 1,000 $0 $0 711 Redevelopment $0 $150,000 $0 $150)000 Total Expenditures $ 1 ,000 $1511000 $0 $150,000 10100 Cash,, Operating $138)794 $15,794 $1671393 $45,893 Total Cash $138,794 $15,794 $167:1393 $45.1893 w Community Development Miscellaneous FUND: 2886-480-470210 BEGINNING CASH 10100 CASH: operating 10150 CASH: Old School Redevelopment 'n 131 A T1r XTY TIP 0 331018 CDB G Program -Senior Center CFDA# 14.228 371010 Interest/Misc. 373070 Principal payments (Big Sky Manor) 373010 Interest from Loans (Big Sky Manor) Reimburse from Old School TIFs Loan from General Fund (Old School Station) Total Revenue Total Available EXPENDITURES M&O Redevelopment/Grants Total Expenditures FRA-TV ZINK kNrA-0V58V3r%--Jw-1 10100 CASH: operating 10150 CASH: Old School Redevelopment ACTUAL BUDGET ACTUAL BUDGET FY 14/15 FY15/16 FY15/16 FY16/17 $2605828 $257052 $257052 $253462 $0 $369,184 $369:1184 $234,930 $29,613 $30)000 $0 $0 $2,071 $1,300 $4)046 $2!)000 $7,761 $8,024 $7462 $8,399 $21060 $1,798 $ 1 ,540 $15422 $327,649 $70,000 $701000 $50)000 $1)300p000 $0 $0 $0 $11669, 154 $111 , 122 $83,048 $61:1821 $029)982 $737.1358 $709,284 $550,213 $45,281 $70,795 $101138 $42,517 $1)258,465 $350:1000 $210,754 $3001000 $0035746 $420,795 $220)892 $342,517 $257,052 $77)379 $253:462 $122,766 $369,184 $239,184 $234,930 $84,930 KE .10-1-4 community Development - Miscellaneous FUND: 2886-480-470210 Materials and Services: 211 Grant Administration Expenses/project exp 353 Auditing 355 CDBG Senior Center 373 Dues & Training 379 Meetings 396 Studies/Surveys & marketing 522 Administrative Transfers 528 Information Tech. Transfers 532 Office Rent new bldg Total Materials & Services MIN'' ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 FY15/16 FY16/17 $0 $2,000 $28 $2)000 $0 $1,500 $ 1:500 $1)000 $29)613 $30,000 $0 $0 $0 $2)000 $247 $2,000 $0 $ 1 NO $0 $1)000 $9,635 $25!$000 $0 $25!)000 $200 $4,000 $3)000 $21000 $2,858 $4, 120 $4,188 $8,342 $1,175 $ 1, 175 $11175 $1J75 $45)281 $70,795 $10:1138 $42,517 Redevelopment: 620 Interest - Old School (from General Fund) $0 $16!250 $16,250 $16,250 790 Redevelopment Activity $0 $150)000 $6)500 $100,000 795 Old School Lot Purchase FY15/Assessment Payments FY168 $1,258,465 $183,750 $188,004 $1677500 Total Grants & Housing $1,2581465 $3505000 $210,754 $283)750 GRAND TOTALS $ 1 ,3031746 $420,795 $220,892 $342,517 9M RURAL DEVELOPMENT LOAN REVOLVING #61-01 FUND: 2887-480-470210 'NAM A BEGINNING CASH 10100 CASH: operating 10140 CASH: loan loss reserve Total Cash REVENUES PPA - fm 2880 matching loans 345010 Application/Origination Fees 373010 Loan Interest 371010 Other Interest 373030 Principal Total Revenue Amount Available EXPENDITURES Redevelopment Activity Principal Interest Total Expenditure ENDING CASH 10100 CASH: operating 10140 CASH: loan loss reserve (6% o/s loans principal) ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 FY15/16 FY16/17 $73,907 $194,629 $194)629 $228,280 $22,009 $22,009 $22)009 $25:1300 $95,916 $216,638 $216,638 $253,580_ $79,161 $0 $0 $0 $0 $500 $0 $500 $22, 192 $20,366 $20,895 $18,378 $451 $400 $564 $400 $41,002 $41,662 $37,608 $43,644 $142,806 $62,928 $59:-067 $62,922 $238,722 $279,566 $275,705 $316,502 $10 $150,000 $51 $150,000 $17,912 $18,092 $18,091 $18,272 $4,162 $3,983 $3,983 $3,803 $22,084 $172,075 $22,125 $172,075_ $194,629 $82,191 $228,280 $119,127 $22)009 $25,300 $25,300 $25,300 $216,638 $107,491 $253,580 $144,427 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 for $520,000 from the RD Intermediary Relending Program (IRP) on 10/12/04. 1 RURAL DEVELOPMENT LOAN REVOLVING #61-03 FUND: 2888-480-470210 ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 I FY15/ 1/7_j BEGINNING CASH 10100 CASH: operating $94,214 $179,998 $179,998 $190,596 10140 CASH: loan loss reserve $10,845 $10,137 $10,137 $10,000 Total Cash $105,059 $190,135 $190,135 $200,596 REVENUES PPA - fm 2880 matching loans $72,546 $0 $0 $0 373010 Loan Interest $10,418 $10,041 $10,104 $9,466 371010 Other Interest $329 $250 $498 $250 373030 Principal $11,808 $9,713 $9,884 $10,286 Total Revenue $95,101 $20,004 $20,486 $20,002_ Amount Available $200,160 $210,139 $210,621 $220,598_ EXPENDITURES 610 Principal Repayment to IRP 61-03 $0 $8,282 $8,057 $8,135 620 Interest Repayment to IRP 61-03 $10,025 $1,968 $1,968 $1,890 750 Redevelopment Activity $0 $110,000 $0 $110,000 Total Expenditures $10,025 $120,250 $10,025 $120,025_ ENDING CASH 10100 CASH: operating $179,998 $88,171 $190,596 $90,573 10140 CASH: loan loss reserve (6% of o/s prin of loans) $10,137 $10,000 $10,000 $10,000 $190,135 $98,171 $200,596 $100,573 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. EEO EPA BROWNFIELDS 2953-480-470210/470215 BEGII®NING CASH 10100 Cash REVENUE 331090 EPA FUNDING $400,000 Total Revenue Total Available EXPENDITURES 470210-3 54 Petroleum 470215-354 Hazardous Total Expenditure ENDING CASH Cash WAS W INKS 1 116,' 1 ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 FY15/16 FY16/17 $o $0 $o $o $400,000 $0 $0 $0 $400,000 $0 $0 $0 $40000 $200,000 $200,000 $0 $0 $0 $400,000 $0 $0 $0 $0 The City has been awarded $400,000 for Brownfield Revitalization Project funds to be used for Phase 1 and Phase II Environmental Assessments. M EPA BROWNFIELDS REVOLVING LOAN FUND FUND: 2955-480-470210 PROJECTED REVENUE AND FUND SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 FY15/16 FY16/17 BEGINNING CASH 10100 Cash $0 $100,500 $100,500 $100:500 REVENUE 331090 EPA Funding $158,376 $7105213 $221 ,807 $4881407 Loan Principal and Interest $1001500 Total Revenue $258,876 $7 1 O,213 $221,807 $488,407 Total Available $258,876 $810,713 $322i,307 $588)907 EXPENDITURES 470210 PETROLEUM 229 Supplies $0 $908 $0 $908 352 Personnel $0 $3,505 $0 $31505 353 Fringes $0 $493 $0 $493 354 Contracted Services $3,612 $ 1!-605 $0 $15488 373 Travel $0 $35 $0 $35 720 Loans $31436 $62,354 $0 $62,354 721 Subgrants $0 $ 1 W1000 $0 $10000 725 Revolved Funds $0 $100,500 $0 $100,500 470215 HAZARDOUS SUBSTANCES 229 Supplies $0 $2)458 $0 $I,158 354 Contracted Services $%1335 $91921 $0 $88 373 Travel $290 $5)961 $2,184 $3)778 720 Loans $0 $314)600 $0 $31400 721 Subgrants (FC Jail Project) $90)703 $208,373 $219,623 $0 $1581376 $810:)713 $221:1807 $588,907 ENDING CASH Cash $I00,500 $0 $100:500 $0 PROGRAM DESCRIPTION The City has been awarded $ 1,000,000 for a Brownfields Revolving Loan Program accepted 6/20/11. 2991 TIGER GRANT FUND: 2991-480-470245 BUDGET FY16/17 BEGINNING CASH CASH: operating $0 REVENUES 331055 Tiger Grant $10,000,000 365020 FCEDA Contribution 365021 BN Contribution 365022 New Market Tax Credits 383000 Transfer from Westside TIF Total Revenue from sources $100000 Total Available $10)000)000 EXPENDITURES 790 Redevelopment $ 10100000 Total Expenditures $10,000:1000 ENDING CASH CASH: operating $0 The City of Kalispell was awarded a $ 10 million Transportation Income Generating Economic Recovery (TIGER) grant from U.S. Department of Transportation for the Kalispell Core and Rail Redevelopment Project. The project begins with the construction of a rail park at a reclaimed gravel pit, then relocating rail served businesses to the rail park and converting the old rail line through Kalispell into a bike and pedestrian trail and opening up a number of north and south connection streets that are currently blocked by the rail line. IN 2994 KIDSPORTS GRANT FUND: 2994-436-460436 401 BUDGET FY16/17 BEGINNING CASH CASH: operating $0 REVENUES 334012 KIDSPORTS Grant $1 A1200 $1)412)000 365020 KIDSPORTS Match $740,726 Total Available $2, 152)726 1-0674VAL111,11 N 11,111, 930 Capital Improvements $2, 152,726 $2) 1 52,726 ENDING CASH CASH: operating $0 The purpose of this grant, from the Montana Department of Commerce, is to provide funding for the infrastructure necessary to support the development of eight new playing fields at the Kidsports facility. This includes irrigation, water main extension, sewer system extension, stormwater management system and access roads including parking lot areas and approach connections approved by the Department under the Youth Recreational Facilities Grants Program. M