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09. Special Revenue Funds - TIFS & OtherUWA 45-46 2185 Airport TIF $ 1,785,608 47-48 2188 Westside TIF $ 4,0955681 49 2310 Old School Tech TIF $ 57,500 50 2311 Old School Industrial TIF 15,000 51 2372 Health $ 992,000 6,945,789 AIRPORT TAX INCREMENT DISTRICT FUND: 2185-000-430300/470240/460430 ACTUAL BUDGET I ACTUAL I BUDGET FYI 4/15 FY15/16 FY15/16 FY16/17 BEGINNING CASH 10100 Cash $6031039 $9635930 $963,930 $1.1413,508 Total Beginning Cash $603,039 $963,930 $963,930 $1)413!)508 335230 State Entitlement $42,671 $42,671 $42,671 $42ffl1 371010 Investment Revenue $4,659 $4,500 $7,891 $900 383001 Transfer from Debt Service $45000 $450,000 $450i'000 $35000 Total Revenue $497,330 $497, 171 $500,562 $401fi71 Total Available $IJ00,369 $1,461JOI $ 1 ,464492 $1,815,179 EXPENDITURES Personal Services $19)548 $23,274 $22:)308 $241765 M & 0 and Redevelopment $116,891 $1:1260,274 $28,676 $1,360,843 Total Expenditures $136:1439 $1:1283,548 $50)984 $1,785,08 1—ft "k "a 2111rAWWWWWW"W Cash Carry Over $963,930 $177,553 $1!)413)508 $291571 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. IR AIRPORT TAX INCREMENT DISTRICT FUND: 2185-000-430300/470240/460430 EXPENDITURE DETAIL ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 FY15/16 FY16/17 480 470240 Personal Services: FTE's 0.35 0.35 0.35 0.35 110 Salaries $15,938 $19,067 $18,227 $20:1256 153 Health $2)365 $2,721 $2,687 $2,935 155 Retirement $1,201 $1,438 $1)394 $1,526 Subtotal $19,505 $23,226 $22)308 $24)717 345 Telephone & Communication $44 $48 $48 $48 Subtotal $44 $48 $48 $48 000 430300 Airport 353 Auditing $1,600 $1.1600 $ 1 fi00 $ 100 356 Legal Survey/title search/appraisals/ contract services $0 $0 $0 $0 522 Administrative transfer $8)646 $074 $8,674 $9,243 840 Redevelopment activity $106)645 $1)250,000 $18)354 $1,750:1000 Subtotal $116)891 $1)2601274 $28)628 $11760M3 Total $136,396 $1 ,2831548 $50,984 $1,7851608 M WESTSIDE TAX INCREMENT DISTRICT fIC11 FUND: 218 8 BEGINNING CASH 10100 Operating Total Cash 311100 Real Estate Taxes 311200 Personal Property Taxes 312000 Penalty & Interest 335230 HB 124 Entitlement 341015 Developer payment -Depot Place Apt 365015 FCEDA Contributions to Tiger Grant 371010 Investment Earnings Total Revenue Total Available EXPENDITURES Loan Revolving Funds Distribution or Redevelopment Total Expenditures Operating ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 FY15/16 FY16/17 $3,165,679 $4,008,568 $4,008,568 $3,946,859 $3,165,679 $4,008,568 $4,008,568 $3,946,859 $835,159 $0 $8,176 $260,000 $9)248 $8,500 $21,890 $20,000 $1,1 15 $400 $357 $0 $243,128 $244,000 $243,128 $243,128 $11,320 $6,500 $8,461 $8,500 $0 $0 $2,550 $0 $24,168 $21,000 $28,073 $30,000 $1:1124,138 $280,400 $312:)635 $561,628 $4,289,817 $4,288,968 $4;1321,203 $4,508,487 $0 $1,500,000 $0 $0 $281,249 $2,585,448 $374,344 $4,095,681 $281,249 $4,085,448 $374,344 $4,095,681 $4,008,568 $203,520 $3,946,859 $412,806 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. M WESTSIDE TAX INCREMENT DISTRICT FUND: 218 8 EXPENDITURE DETAIL I I I I I ACTUAL BUDGET ACTUAL BUDGET COMMUNITY DEVELOPMENT FY14/15 FY15/16 FY15/16 FY16/17 Personal Services FTE'S 0.66 0.66 0.66 0.65 480-470230 110 Salaries-Admin 153 Health 155 Retirement Subtotal 353 Audit 354 Contract services 356 Telephone 840 Transfer to debt service Fund 3188 522 Administrative Transfer 710 Loan Revolving Funds 720 Redevelopment Subtotal 470240 Tiger Grant Activity 720 Tiger Grant Redevelopment Total $34,246 $39,760 $37,673 $43,983 $4,519 $5,161 $4,989 $5,558 $2,582 $2,989 $2,878 $3,337 $41,347 $47,910 $45,540 $52,877 $2,000 $2,000 $2,000 $2,000 $189 $0 $0 $5,000 $0 $0 $192 $0 $32,000 $32,340 $32,340 $32,340 $3,120 $3,198 $3,198 $3,464 $0 $1,500,000 $0 $0 $202,593 $2,500,000 $233,689 $0 $239,902 $4,037,538 $271 ,419 $42,804 $0 $0 $57,385 $4,000,000 $281,249 $4,085,448 $374,344 $4,095,681 2310 OLD SCHOOL STATION TIF-TECHNOLOGY "G11 FUND: 2310-480-470210 1111R, ........ ... Z 111111 1 BEGINNING CASH 10100 Operating Cash -Redevelopment I' ON ra' - 0 � 311110 Real Estate Property Taxes 311200 Personal Property Taxes 315000 Penalty & Interest 335230 HB 124 Entitlement 371010 Investment Earnings 383001 Transfer from Debt Service -Reimburse Total Revenue Total Available EXPENDITURES, ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 FY15/16 FY16/17 $13,209 $25,429 $25,429 $9,730_ $128,974 $63,000 $57,376 $57,000 $3,989 $3,989 $5,221 $5,000 $417 $0 $328 $0 $3,057 $3,056 $3,057 $3,056 $182 $50 $172 $100 $180,366 $0 $0 $0 $316,985 $70,095 $66,154 $65,156_ $330,194 $95,524 $91,583 $74,886 354 Contract Services- Bond Counsel $0 $0 $0 $0 355 Glacier Investment Reimbursement $11,589 $12,000 $11,215 $11,500 356 FED -EX Reimbursment/Developer agreement $16,886 $17,000 $10,638 $11,000 820 Operating Transfer -FYI 4 Debt Service/FYI 5 Comm. Dev. $276,290 $60,000 $60,000 $35,000 Total Expenditures $304,765 $89,000 $81,853 $57,500_ ENDING CASH 10100 Operating Cash -Redevelopment $25,429 $6,524 $9,730 $17,386 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. 2`311 OLD SCHOOL STATION TIF-INDUSTRIAL "H" FUND: 2311-480-470210 ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/16 FY15/16 FY16/17 BEGINNING CASH 10100 Cash Operating -Redevelopment $0 $12,927 $12,927 $125427 REVENUES 311100 Real Estate Taxes $18)732 $6:1500 K, 183 $9,000 312000 Penalty & Interest $177 $100 $317 $100 383001 Transfer from Debt Service -Reimburse $53,378 $0 $0 $0 Total Revenue $72,287 $6,600 $9,500 K, 100 Total Available $725287 $19,527 $225427 $21,527 EXPENDITURES 820 Operating Transfer-FY 14 Debt Service/FY 15 Comm. E $59)360 $ 10!1000 $ 1 0,000 $155000 Total Expenditures $59,360 $10,1000 $ 1 0,000 $151000 ENDING CASH 10100 Operating Cash -Redevelopment $12,927 $9,527 $12,427 $6,527 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. W HEALTH -permissive levy FUND: 2372-400-521000-810 18.5 23.0 23.0 26.0 ACTUAL BUDGET ACTUAL BUDGET FY14/15 FY15/1t_J FY15/16 FY16 BEGINNING CASH 10100 Cash on Hand $ 41:1055 $ 104.7057 $ 104,057 $ 53.1147 REVENUE 311100 Real Estate taxes $ 758,265 $ 855)000 $ 845)333 $ 9541000 311200 Personal Property taxes $ 151885 $ 15,000 $ 16,427 $ 1600 312000 Penalty & Interest $ 2,468 $ 21500 $ 1,305 $ 100 335230 Entitlement $ 21,384 $ 22,132 $ 22,025 $ 22.1025 Total Revenue $ 798)002 $ 894,632 $ 885,090 $ 993,025 Total Available $ 839:1057 $ 998,689 $ 98% 147 $ 1)046, 172 EXPENDITURES 521000-810 Health Insurance -transfer to General Fund $ 665,000 $ 850)000 $ 850)000 $ 901,000 521000-810 Health Insurance -transfer to PARKS $ 701000 $ 86)000 $ 86,000 $ 91,000 $ 735,000 $ 936!)000 $ 936,000 $ 992)000 Cash Carry over 104,057 $ 6209 $ 53,147 $ 54,172 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. a]