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06. Community DevelopmentCOMMUNITY DEVELOPMENT 2185 Tax . ncreme t Fund- Airport $ 1,0441,855 2188 Tax Increment Fund -Westside $ 11816,267 2880 Community Development Loan Revolving 70 2886 Community v l pm nt Udag Fund 3281234 2887 Rural Development ,devolving Fund 143005,200 2942 CDBG Head Start ,1 7 2945 Home Investment Grant 700 2 8 822 Card Maintenance 5,09303 AIRPURT TAX INCREMENT DISTRIG`T' UrrD:alas-aQo43030a/a7azani4604ao PROJECTED REVENUE AND FUND SUMMARY GNNIG .H &,;h Cash,Land and sales Total Ren1g Cash ENS 334032 Mt. Aeronautics Get for fence 335230 State Entitlement 341013 Reals or pymt in lieu-1osauers 341014 Meals or pymt in 1fe -So thfield 311100 Real Estate Faxes 2006 delinquents only) 311200 Personal Property Taxes 312000 Penalty & Interest 383001 Transfer from Debt Service Total Revenue Total Available EXPENDITURES Capital Improvements Transfer S Land Sales to Airport Fund Total Expenditures ENDING CASH Cash Caffy Over Cash Cary Over -Land sale ACTUAL, BUDGET ACTUAL BUDGET FYU4{05 FY05/06 FY05l06 FY06l07 721, 317 S775,950 775 50 $771,845 900,000 $353,476 $353,476 0 ............... 1,621,317 $1,129,326 1,12,326 $771,945 0 $5,000 $5,000 0 5,153 $5,151 $5,153 $5,151 . 7,647 571647 S53,829 S54,000 19,77 0 0 0 261,333 $5,000 21 t 117 $12,000 11,353 100 $10,748 $0 1,4 300 $3,218 $1,859 0 $100,000 $100,000 2005000 6361$173,199 $199,065 $273,010 8 $1,984,935 $1,302,524 $028,391 S 1t044,8 S309,085 $505,239203,0 ! 0 S 1 y044,g 546,524 $353,476 $353,476 so 85 ,609 $858,715 $556,546 $1,044,955 775, 50 $443,809 $771,845 V 353,476 so so 0 AIRPURT TAX INCREMENT DISTRICT FUND: 2 I 8 5-OU0-4 3 €l3 afl/47fl240/46443 Q EXPENDITURE SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY04/45 FY05/06 FY05l06 FY06/07 Personal Services so $49,158 $50,453 $43,312 Airport $691,239 $18,500 $51,929$37, 43 Parks $19,4590,€ 0 $34, 0 $114,500 Community Development 144, 1l S317,581 70, $850,000 OPERATING TRANSFER TO AIRPORT FUND $353,476 $3 3,47 $855,609 $858,71555,4 ,44, 5 PROGRAM DESCRIPTIQN Bonds sold in September 2005 required that all taxes be deposited in the debt service fund. The same will be true of the 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 projects. 184 AIRPORT TAX INCREMENT DISTRICT FUND: 2185-000-4343 (ia/47(}240/4bQ430 FY 07 BUDGET HIGHLIGHTS One-third of the Community Development Director salary and one -quart er the City ,airport Manager and are charged to this T1F Proje t. Airport: Funds in each category of the Airport section of the budget will be used as seed money for the redevelopment of the airport. This will include appraisals, Phase I and It cnvironmental assessments and actual purchases. Each purchase is subject to reimbursement at % from FAA and % MDT. The fencing of sections of the airport will continue until around the airport for security and safety purchases. 704 Community Development: ,356 ed vclopment - IRP Loan Match $125,000 40 Redevelopment Activity S15MO 0 Armory Redevelopment Project - Milton $710,000 460430 Parks: 934 Beg Park - Field Li h.tirig upgrade $ 43 00 950 Relocate restroor s to Kidsports (carry over) $90,000 15 AIRPORT TAX INCREMENT DISTRICT FUND: 2185-000-4303 flfl/470240/460430 EXPENDITURE DETAIL ACTUALBUDGET ACTUAL BUDGET FY04/05 FY05/06 FY05/05 FY05/07 Personal Services; FT '0.58 110 Salaries $43,1 3 $43,72 $3 7,273 153 Health $3,396 $4,016 $3,712 155 Retirement $2,599 $2.735 $ ,3 7 $49,158 $50,453 $43, 12 430300 Airport 1 353 Auditing $5 $1,000 $1,000 $1,000 354 Contract Serum $4,108 $5,061 356 LegalSurvey/title search realt r services S737232 $8,8€ 0 357 utility Project/security Bldg. $2 ,998 $11,5 3 910 Airport Land & related costs $573,317 522 Administrative transfer $3 ,043 840 Redevelopment Activity $4,120 920 Security Building $1 554 34 Capital Imp. - Fence $14,9 4 $5,000 S24,514 $ Airport total $ 91,239 $18,500 $51,929 $37,,043 48 47 240 Community Development 356 Redevelopment -11.P match $150,000 $125M 840 Redevelopment $138, 11 155000 910 Appraisal for land acquisition $ 53 0 40 Armory Redevelopment $167,581 $7 , $71 , 0 $144,911 $317,5 1 $70, $850,000 43 430 Parks 950 Relocate restrooms to kidspert Match carryover $120,000 M,4€ O SWPO 950 Lions Park 1rn-igatlon (carryover) $ , 1 34 Begg Park/fence. new dugouts and field improvements $12,540 $24,500 $1 ,459 $120.,000 $3 , $114,500 43 430300 OPERATING ATI "1 ANSFE : 840 Move S ftom lard sales to 5160 Airport Enterprise Fund $353,476 $353,47 Total Airport TIC` S855,609 $ 5 ,715 $55 ,54 $1,044, 55 186 WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH Operating Design aced -Meridian Project Total Casb REVENUES 3 11110 Taxes -del inq uent 38301 Operating Transfer fm Debt. Total Revenue Total ,available EXPENDITURES Redevelopment activities Meridian Road Construction Total Expenditures `add back accrued exp. not cash item) ENDING CAS. Operating Design ated-.ridian Project ACTUAL BUDGET ACTUAL I BUDGET FY04/05 FY05f06 FY05/06 FY06/07 578,474 $35 ,004 $1, 47,8 4 $350,000 S11045,646 $350,000 $1,091,675 S350,000 $8,474 $1,397,864 $113,4 $1,431, 75 $3 S500,000 $1 S400,000 $ S300,000 $ S400,000 $500,036 $400,100 $300, 0 $400,000 $1,4,51 0 $1.77,964 $1,695,646 $1,831 ,675 $3 .864 $ $551, 33 $35 , $263,971 $ $1,466, 67 $350,000 $3 ,864 S901,033 $ .63, 71 $1,816,267 $1,045,646 $896,931 $1 M 1 f675 $15,408 $350, oo $ $35000 $ All Increment is required to be receipted in to the debt Service Fund. If there is excess increment available after meeting all of the requirements of the debt service farad it will be transferred back to this fund. 187 WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 EXPENDITURE SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY04145 'Y05/06 FY05/06 FY06/07 Personal Services $25,233 $26,967 S26467 Redevelopment activity $30,646 S401. 33 $36,512 $933,267 Capital Improvements 350,0I0 S200492 $883,000 $30,646 $751,033 S263,971 S1,816,267 .GRAM DESCRIPTION The' estside Urban Renewal District was created to help redevelop the Gateway Mall area and assist with the Storm drainage problems in the area. The major activity to date has been the Stream project 'which included the City's participation ire the purchase of a portion of the Mall building and rehabilitation of the site. Stream vacated the site a year ago. The site is now occupied by the Tclet eh organization. All tax increment revenue is directed to the debt service fund (Fund 31 to pay bands which the City funded through a State program with the board of investments. Increment in excess of debt needs will be transfe ed back to the `1'if District. FY06 BUDGET ACCOMPLISHMENTS Financial eve wi11 be recon stract d by a developer this summer which wi11 lead to the constru tion of a S 1. 2 million office building at the corer ofthe entrance into the Crop Hale building. This bulWing wiII be Phase I of a 5 phase development over the next ten years. FY07 BUDGET HIGHLIGHTS Carryovers include Storm sever money for Meridian and Parking lot for the Gateway Wet property. Carr over of funds for parking lot construction for the Telete h facility. 188 WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 EXPENDITURE DETAIL ACTUAL BUDGET ACTUAL BUDGET Persona I Services .iR. TE' . .3 .33 40-470230 1 1 0 Salaties-Admin $2,049 $23,796 $23,115 153 Health $1,809 $1, 1 $1, 09 155 Retirement $1, 75 . . . .. ........ 1,490 $1,443----------- Total Personal Services 353 Audit 354 Transfer to Port Authority-bldg maint. 356 Redevelopment Appraisals 58 Teletech project -cam charges 357 Financial Drive 522 Administrativc Transfer 712 I P loan revolving; procam 814 Redevelopment activity Total Community Development PUBLIC WORKS 453430246 Meridian Project Storm Sewer (carryover) 950 Meridian/Glenwood Drive 952 Lower Spring Creek 910 Parking Lot4a d acquisition 1/2 COST 950 Parking Lot -Construction 1/2 COST Total public Work 36 Parks Department 930 Gr e briar Park improvements 931 Hawthorne ,Park Pavilion $25t233 $2 ,967 $26,467 500 $500 $500 $50 5,000 $5,000 $5,000 $5.,000 $10,000 $21, 12 $25,000 $25J46 $25,000 $10,000 $25.000 $4,500 $1,300 $66,500 $50.000 $800,000 $30,646 $180,733 $36,512 S933,267 0 $350,00 $30,000 $90,000 $65,00 0 $220,300 $199,410 $0 $0 0 S1,082 S350,000 . ..................... . $0 $570,300 $20,492 $855,000 $23,000 $5� 00 $28,000 TOTAL BUDGET $30,646 $751,033 $23,971 $1,16,267 189 COMMUNITY DEVELOPMENT -REVOLVING FUND FUND: O: 2880480-470210 .PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash, Operating 10162 Cash, Reserve for investment 10105 Cash, * Downtown revitalization REVENUES 373025 Housing Loans to be paid off 373026 *Principle Income -B rbr rr 373011 ffitemst Income -Barbieri 373020 Loan Proceeds/Principal C1 373010 loan Proceeds/ -Interest C BG 373027 man Proceeds/Hockaday a 730 *Center Street loan -principal 373070 Loan to Street Dept. 371010 Interest Farm gs 334040 Miscellaneous grants XDI� CDBG Loan Contingency *Redevelopment Distribution Redevelopment ENDING CASH 10100 Cash, Operating 10162 Cash, Deserve for investment 10105 5 Cash, * Downtown own revitalization TOTAL CASH ACTUAL I BUDGET I ACTUAL I BUDGET FY04105 Y05/05 FY05/06 I FY06/07 $54 ,382 $497,731 $497,731 $475, 5 $57,404 $57,404 $7 1,774 $17, 14 $7 $7 $9,4 $722,596 $555, 2 . $555„222 $556,370 0, 19 360,000 $5,293 1,145 $61,000 $ 32,11 t V 12POO9 +y 0 4, ^Ty 0 $3,290 $3, 00 $4,123 $ ,000 $ $2, 54 $2,054 $2, 0 $4,432 $4fiOO $4,566 $4,500 80, 00 $ ,995 $5, 0 $24,954 $ 100 $5,92 $0 $12,12 $ Total Revenue enue $156,372 $144,650 $11 ,41 $37,500 Total Available $ 78,9 $ 9% 72 S674,638 $51 , 70 $197X9 $ 400 $0 $125,7 7 $197,400 $118,268 $29 , 0 $323,746 $262,000 $118,268 $299,000 $497,731 $3571531 $475,650 $134, 5 WA 4 $ €1,254 $70,774 $7 ,774 $7 $7 $9,946 $14,44 $555,222 $437,872 $556,370 $219, 7 190 COMMUNTTY DEVELOPMENT -REVOLVING FUND FUND: 2890-480-470210 EXPENDITURE SUMMARY Loans & grants ACTUAL RUDGET ACTUAL BUDGET 1 /0 $323,746 $124,000 $55,897 $299,000 Capital Improvements 0 $138,000 $62,371 Total $323,746 $262,0001 , ,000 PROGRAM DESCRIPTION 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 annual audit or for field monitoring by the applicable state/federal program officers. Y 06 BUDGET ACCOMPLISHMENTS n going monitoring of the parkins, lots on First Avenue fast and Second Avenue Nest as required by M . Four w busi-ness stark up loans were made and a fifth loan will be completmed right after the d of the current fiscal year. 28 new jobs were cl with another 15 lobs anticipated when the fifth loan is completed FY 07 BUDGET HIGHLIGHTS [fin -going monitoring of the Center Court Manor parking lot, Matching funds are allocated for the Ip loan revolving fund. Eagle transit annual support has been moved to this activity. to expand the facility. COMMUNITY DEVELOPMENT —REVOLVING FUND FUND: 2880-480-470210 EXPENDITURE DETAIL ACTUAL BUDGET ACTUAL I BUDGET FY04/05 FY05/06 FYQSlUS FY06/07 Redevelopment Activity 4 Flarking lot monitoring -CENTER 1 T RIPP TS $12,000 $11,912 $14,000 708 Redevelopment Distribution $197.979 $64,600 709 Redevelopment Activity ,76 " ,4 0 $3,985 711 1 P -Rural Development Match $100,000 $25,000 S25,000 t WOW 710 Hockaday Loan $170,000 720 Eagle Transit $15,000 $15,000 $15,000 Total Redevelopment activi(y $323.7461 4, S55,997 S299,000 Capital Improvements 934 Capital Improvements -Skyline Bowl 0 13 AD $62,371 1�otal Capital Improvements so $138,000 $62,371 Total S323,746 $262,000 $118,268 $299,000 9 UDAG (Community development operations) FUND: 2885-480-4702 i Q PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 1100 CASH: operating 10161 Investment* REVENUES 373075 United Way -loan repayment 373070 Big Sky Manor -loan ay -at 371010 Interest/Misc. 331018 CDBG -survey grant 11324 Advance to Light District (loan) Total Available EXPENDITURES Operating Budget Red velopm nt/Gr ENDING CASH 10100 CASH: operating 10161 Investment* TOTAL CASH F 20 4 Budget uses $175,0 0 of investment. funds. FY2 05 Budget uses $254, 70 of investment funds. FY2006 Budget uses $11,529 of investment revenue FY20 7 Budget uses $32 ,000 of investment revenue ACTUAL BUDGET I ACTUAL BUDGET FY04/05 FY05I06 FY05f06 E'Y06/07 $27,4 12. $42,45) ($79,174 $1,2 4,5 4 $1,029, 94 $1, 29, 94 $ 9 ,1 5 $1,25 ,71 $1,016,998 $9 7,244 $ 1 ,991 $11,477 11,477 $11,475 $11,40 $9,002 S9,920 $9* 22 $ ,000 $40,3 9 $15,000 $.19,792 $25,000 $15,000 $0 $15,000 59,00 ) $60,868 $51,297 $2,9 $0,400 $1,317,5 4 $1,068,295 $9 9,3 3 $ 79, 91 $3 A ,23 $253,159 $ i ! ,3 2 $278..234 $15,1 2 $15,000 $0 $5 ,000 $330,340 $2 8059 $170,342 $32 ,2.34 $42,45 $35,442 $79j 74) $12,992 $1,029, 94 $ 7 4, 94 $ 9 .165 $ 73,1 5 $97,244 $800,136 S818,991 $51,157 193 UDAG FUND: 2886-480-47021 fl EXPENDITURE SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY04/05 FY05/06 FY05/06 FY06/07 Personal Services $227,926 $142,778$102,589 $162,245 Materials and Services $87,312 $125,381 $67,753 $115,989 Grants $1 ,1 o $0 $0700 Capital Outlay so $ $0 $ $330,340 $ ,1 $17 ,3 2 $328234 PROGRAM DESCRIPTION Eligible Use of UDAG Program Income The U.S. Department of Housing and Urban Development(HUD) requires the City of Kalispell to track the use of program income aver close-out of any federal or state funded grant. Wc must assure such use meets a national federal objective of benefiting lover and moderate income persons and complies with the "Provisions of Title 1, of the Community Development Act of 1 74" (Act). The ity's Community Development Department as administrator of the HUD Urban Development Action Grant and other stag and federal grants, is charged with the responsibility to ensure that a minimum of 5 1 % of the funds be used for activities that are clearly designated to meet the iden ti fled needs of persons of low and moderate income, Section 1 a fTitle 1, of the Act lists eligible activities and there are published guidelines. Program income is and will continue to be monitored by the State Department of Commerce and its auditors. The eligible uses include all of the activities currently funded by the UDAG program income budget and could also include many other activities related to planning and implementing economic and community development programs. 194 UDAG FUND: 2886-480-47021 Q FY 07 BUDGET HIGHLIGHTS Line Item Details: UPAG in Salaries The Administrative Aide position is being reinstated and the Redevelopment Manager is budgeted at full time. 396 Studies/Surveys - $20,000 The staff will be conducting a housing/commercial/retail survey of structures in the core area as well as the older residential areas ofthe city. The results oft h is survey will allow sta#"fto develop a mixed -use housing proiect. FY06 BUDGET ACCOMPLISHMENTS The n-going First Time Hornebuyer assistance program; the recently completed Head Start Facility} Grant for the Head Start Project, and the identification and assistance provided to applicants under of the the I R P loan Pro ra . wh€ ch provides assistance to applicants for business creation or expansion the 2006 accomplishments. 195 UDAG FUND: 2886-480-47021 fl EXPENDITURE DETAIL ACTUAL BUDGET ACTUAL BUDGET FY04i05 FY05/06 FY05/06 FY06/07 Personal Services, FT' 4.5 1.63 1.63. 110 al afi es & Wages $192,326 $117,373 $867499 $134,752 153 Healtb Insurance $25,330 $ t , 93 $1 ,345 $19,0 3 155 Retirement - P RD $10,270 $7,312$3,745 $8,400 Total personal Services $227,926 $142,778 $102,589 $1 2, 45 Materials and rvie : 210 Office Supplies S 1 t546 $1,300 $1,440 $1,3 0 212 Project Expenses $3,077 $5,000 $1,541 S51000 213 Small Office Equip. $1, 26 $2,0 0 $3,160 $2,000 215 Computer Supplies $ 1,500 2 ?5 S l M 218 Mer Equipment. n. -capital) $o $1, 0 $0 $1,800 231 Gas &. Oil $1.379 $1,2 0 $1,334 $1,200 12 Postage $302 $1, 0 $ 29 $1,0 0 320 ,Printing $21 50 $98 $2 0 335 Membership & Dues S444 $1,509 S352 S1.500 341 Electficity $998 $1,200 $915 $75 342 SeweT &. Water 490 7 0 $34 $300 44 Gas (Heat) $1, 00 1 ,250 $1,4 4 $ 0 45 Telephone, Communications $3,851 $4,2 10 $4,058 $1, 0 353 Auditing 2.5[f4+ $2,500 S2,500 $2,500 354 Contract Services $18,609 $10,000 S2,248 S10,000 363 Office Equip Maintenance $1, 5 $2,000 $1 1 $2,€ 0 373 School and Travel S3,820 $6500 $2,254 $5, 0 379 Meetings S1.,596 $1,7 $371 $ l ,700 396 Studies/Surveys0 $35,000 so S35,000 510 Property & Liability Iris. $7, 3 $8,000 $9, 2 $4,93 521 Central Garage Transfer $ 50 $75 $75 $500 522 Administrative Transfers $1.5,153 $13,501 $13,501 $14,009 528 Data Prmessing Tmnsfers $5,200 $6,430 $6,430 $ .494 531 Office Rent $14,536 $16,00014, 94 $ l 6,00 Total Materials &. Services $87,312 $125,381 $67,753 S115,989 19 UDAG FUND: 2886-480-470210 EXPENDITURE DETAIL-con't. Grants & Housing. 733 Eagle Transit -moved 2880 0 Redevelopment Activity Total Grants & Housing CapitalOutlay: 944 Vehicles Total Capital OuflaY GRAND TOTALS ACTUAL BUDGET ACTUAL BUDGET . .............�YQ4/OS �Y�5/05 FY051U6 FYdb/0'7......... MP $15,000 $102 $0 $0 so $0,0 $15,102 $0 $ $ $50000 0 0 so $o $0 S330,340 $268,159 $170,342 $32 ,23 17 RURAL DEVELOPMENT LOAN REVOLTING FUND: 28$7-480-4702i 0 PROJECTED REVENUE AND FUND SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY04/05 FY05106 FYUSiOb FY06/07 .j BEGINNING CASH CASH: operating $0 $35,488 $28,565 $43,654 CASH; interest $6,922 $24,745 REVENUES 331044 S.1 A GRANT 331 45 USDA GRANT 345010 APPLICATION/ORIGINATION FEES 373010 LOAN INTEREST 373030 PRINCIPAL 3832 OPERATING TRANSFER (match) AMOUNT AVAILABLE EXPENDITURES ENDING CASH CASH: operating 35,488 $68,395 €1000 $430,000 $387,500 $42,500 $750,000 $2,650 $5,975 $2,875 $8,750 4,272 $28,400 $14,94943,464 3, 66 $6,153 $15,892 $56,454 200,488 S470.528 $421,216 S1,088,668 2€ 0,4 8 $506,016 S456,704 $11157,063 $165,000 $438,891 $388,309 $1,005,200 5,488 S67,125 $68,395 $151,863 198 RURAL DEVELOPMENT LOAN REVOLVING FUND: 2887480470210 EXPENDITURE DETAIL/ SUMMARY Grants & Loans: 750 Redevelopment Activity 620 l .terest Expense to Rural development 1 % TOTAL ACTUAL BUDGET I ACTUAL I BUDGET FY04/05 FYU5106 LFY05/06 I FY06/07_j $165,000 $438,891 $1 65NO $438,891 PROGRAM DESCRIPTION The purpose of the Devolving Loan Fund (L is to provide gap financing or business retention, expansion or start-up vith the focus on job creation. Funding Sources for the RLF come from possible CDBG Economic Development Grants, TIF, and the Conimunity Develop ea( Re voIving Loan Fund. FY 06 BUDGET ACCOMPLISHMENTS 3 7 500 $992,500 80$121700 $388,309 $1,005,200 .lour new businesses have been established to date and a fifth will occur shortly after the beginning of the new fiscal year. As a result, 28 new full-time employees positions have been crcat d, and it is anticipated that 15 additional jobs wi1i be created wi tb the closing off" the fifth loan. FY 07 BUDGET HIGHLIGHTS A 7 5 0,0 00 Dural Development appIieation is being prepared for the 200 7/ 005 fiscal year. Sta ff projects that a ttmini u ." of five new loans will be funded with an esti ated ob creation of 50 new full-time employees. CDBG HEAD START FUND: 2942-4 8fl-47 a242 PROJECTED REVENUE AND FUND SUMMARY BUDGET FY05/06 ACTUAL FY05106 BUDGET FY06/07 BEGINNING CASH CASH: operating so $o $3,1 7 REVENUES GRAN' $500,000 $474,050 $25,950 Total Available $ 00,000 $474,050 $ .9,1 7 EXPENDITURES Administration $30,000 63 ,137 $470MOO $470,000$0 MONO 70,963 S29,137 ENDING CASH CASH: operating $o $3,7 $ 200 CDBG HEAD START FUND: 2942-480-470242 EXPENDITURE DETAIL/SUMMARY BUDGET ACTUAL I BUDGET I FY05l06 FY05/06 FY06l07 Materials and Services; 10 Supplies 30 30 320 Nntirx t Duplication, , Postage$1 ,350 $1, 243 330 advertising 7 1 350 Auditing 1, 0 1 $1,429 34 Contract Services $24,700 41-0 373 School and Travel 1,4 ,465 Total Materials & Scrvices3 ,0 3 $29,137 Grants & Housing: 790 Redevelopment Activity $470,000 $470,000 RGRA-M DESCRIPTION The City of Kalispell ll wo-n a CDBG .Public Facilities Grant From the Montana Department of Commerce to help construct a educational facility for pre-school age, low income children participating in the Head Start Program, The facility will provide space for the administrati ve staff~ as we11 provide a fully -access i l school for over 110 children. 1t will begin operations in September 2006. CDBG,,ED FUND: 2944-480-470242 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH ASK operating REVENUES GRANT Total Available EXPENDITURES Total Expenditures .ENDING CAS CASH: operating BUDGET FY06/07 $ 400MO 400,€00 S400, 000 $400,000 $ 202 CDBGmED FUND: 2944-480-470242 EXPENDITURE DETAIL/SUMMARY F�� I BUDGET FY06/07 Materials and Services: 54 Administration $24,000 Total Materials & Services $24,000 Grants & Housing; 790 Redevelopment Activity ity 7 , 0 GRAND TOTALS 40,00 .GRAM DESCRIPTION The DBG- D Grant is a direct grant to the City of Kalispell. We will utilize $24,000 of it for administrative services and the remaining $376,000 will be for ak single activity to acquire new machinery/equipment for the expansion of Distinctive Countertops into the solid surface phase of manufacturing countertops. The $376,000 will be a % loan to Distinctive CounteTtopsover a ten-year term. The first year of the loan will be interest only. 203 HOME INVESTMENT GRANT (Ist Time Rome Buyer) FUND: 2945480470242 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH CASH: operating I EVENT IDS GRANT Total Available EXPENDITURES Administration Re&velopment Activity ]ENDING CAS CASH, operating 204 BUDGET ACTUAL BUDGET FY05/06 FY05/05 FY06/07 2,55 21 ,33 $122,575 $87,000 21 ,333 $122,575 $89,855 1,23 2 1, 1 30 $119,621 $87,000 $216,333 $119,720, so 2,55 $2,855 HOME INVESTMENT GRANT (lit Time Hone Buyer) 'ND: ?445480-470242 BUDGET ACTUAL BUDGET FY05f06 FY05/06 FY06/07 Materia)s and Services; 0 Auditing 1 ,050 ,050 354 Grant Administration $14053 $99 $5,950 Total Materials & Services S15,203 $997, Grants & Housing: 790 Redevelopment Activity $201.130 S119,621 SW000 GRANDTOTALS S216,333 S 119, 720 S87,000 PROGRAM DESCRIPTION The HOME Gent will be completed shortly after the new fiscal year begins. These funds have been used to provide down payment and closing cost assitance to eight, low -to -moderate income First Time Ho buyers residing within the city units of Kalispell. 205 COURTYARD MAINTENANCE FUND: 2 8 $ 2-4 Sfl-4'7 Q240 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH CASH. operating REVENUES Gross Rent Receipts EXPENDITURES Property Management Cost: Debt Service: ENDING CASH CASH: operating ACTUAL BUDGET ACTUAL BUDGET FY04/05 FY05/06 FY05106 RY06l07 4,964 $40,209 $40,209 $35,486 S64,120 $65,000 $66,054 $70,000 Total Available $105,084 $105,209 $106,263 $105,486 $40,731 $41,000 $46,309 $54,000 24,144 $30,000 $24,468. , 6 , 7 7110 70j777 $84,000 4,29 S34!209 S35,4862 1 , 206 COURTYARD MAINTENANCE FUND: 28 R2-480-470240 EXPENDITURE SUMMARY DETAIL ACTUAL. BUDGET ACTUAL BUDGET FY04/05 FYOS/Ob FY05/06 FY06/07 480470240 354 Maintenance & Operations $40,731 41 po $39,006 S54,000 480490500 620 Debt Service $24,144 $30,000 $30,000 $30,000 $64,875 $71,0009,00 84,00 PROGRAM DESCRIPTION The Courtyard Maintenance Reserve Fund is budgeted to reflect those costs which are incurred related to our 16 units of housing managed by Northwest Mt. Human Resources. The revenues reflect rent received. The utilities and debt services costs will all be, paid by Northwest Montana Human Resources per the joint venture agreement with them to manage this housing complex. We need budget authority to simply record the ity's share. This is the ity's equity in the project. 207