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08. Special Revenue Funds, Community Development 2018 Prelim BudgetSPECIAL REVENUE FUNDS Page Fund. Dept COMMUNITY DEVELOPMENT 36 2880 CD Revolving Loan $ 102,000 37 2881 CD Revolving Loan #2 $ 150,000 38-39 2886 CD Miscellaneous $ 233,869 40 2887 Rural Development Revolving Loan $ 222,074 41 2888 Rural Development Revolving Loan $ 160,025 42 2944 CDBG Fairgrounds ADA Grant $ 100,469 43 2953 EPA Brownfields Assessment Grant $ 399,174 44 2955 EPA Brownfields Revolving Loan $ 587,424 45 2991 Tiger Grant $ 10,000,000 46 2994 Kidsport Grant $ 1,402,726 $ 13,357,761 COMMUNITY DEVELOPMENT -REVOLVING FUND FUND: 2 8 8 0-4 80-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash, Operating 10162 Cash, Reserve for investment (S&C) REVENUES 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 ENDING CASH 10100 Cash, Operating 10162 Cash, Reserve for investment 6% of o/s prin Total Cash estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $138,485 $157,433 $157,433 $121,939 $37,242 $46,514 $46,51.4 $55,786 $175,727 $203,947 $203,947 $177,725 $22,046 $19,073 $54,000 $19,370 $4,821 $4,523 $4,523 $4,226 $2,426 $2,000 $2,000 $2,000 $29,293 $25,596 $60,523 $25,596 $205,020 $229,543 $264,470 $203,321 $1,000 $1,000 $1,000 $1,000 $67 $1,000 $1,000 $1,000 $6 $150,000 $50,018 $100,000 $1,073 $152,000 $52,018 $102,000 $157,433 $31,029 $121,939 $93,329 $46,514 $46,514 $55,786 $7,992 $203,947 $77,543 $177,725 $101,321 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 audit or monitoring. 36 COMMUNITY DEVELOPMENT -REVOLVING FUND #2 FUND: 2881-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash, Operating REVENUES 373020 Loan Proceeds/Principal 373010 Loan Proceeds/ -Interest 371010 Interest Earnings Total Revenue Total Available EXPENDITURES 711 Redevelopment Total Expenditures ENDING CASH 10100 Cash, Operating Total Cash estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $138,794 $167,393 $167,393 $210,079 $138,794 $167,393 $167,393 $210,079 $15,722 $16,253 $39,000 $32,041 $11,778 $11,247 $1,886 $0 $1,099 $1,000 $1,800 $1,500 $28,599 $28,500 $42,686 $33,541 $167,393 $195,893 $210,079 $243,620 $0 $150,000 $0 $150,000 $0 $150,000 $0 $150,000 $167,393 $45,893 $210,079 $93,620 $167,393 $45,893 $210,079 $93,620 37 Community Development o Miscellaneous FUND: 2886-480-470210 PROTECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH: operating 10150 CASH: Old School Redevelopment REVENUES 371010 Interest/Misc. 373070 Principal payments (Big Sky Manor) 373010 Interest from Loans (Big Sky Manor) Reimburse from Old School TIFs Loan from Old School SID debt service fund Total Revenue Total Available EXPENDITURES M&O Redevelopment/Grants Total Expenditures ENDING CASH 10100 CASH: operating 10150 CASH: Old School Redevelopment estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $257,052 $237,212 $237,212 $226,124 $369,184 $251,180 $251,180 $126,067 $4,046 $7,462 $1,540 $70,000 $0 $2,000 $8,399 $1,422 $50,000 $0 $4,000 $8,399 $1,400 $50,000 $0 $3,000 $8,865 $955 $50,000 $450,000 $83,048 $61,821 $63,799 $512,820 $709,284 $550,213 $552,191 $865,011 $10,138 $210,754 $42,517 $300,000 $20,000 $180,000 $42,517 $191,352 $220,892 $342,517 $200,000 $233,869 $237,2I2 $106,516 $226,124 $196,427 $251,180 $101,180 $126,067 $434,715 38 Community Development - Miscellaneous FUND: 28 86-480-470210 EXPENDITURE DETAIL 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 proposed ACTUAL ACTUAL BUDGET BUDGET FY14/15 FY15/16 FY16/17 FY17/18 $0 $28 $2,000 $2,000 $0 $1,500 $1,000 $1,000 $29,613 $0 $0 $0 $0 $247 $2,000 $2,000 $0 $0 $1,000 $1,000 $9,635 $0 $25,000 $25,000 $2,000 $3,000 $2,000 $2,000 $2,858 $4,188 $8,342 $8,342 $1,175 $1,175 $1,175 $1,175 $45,281 $10,138 $42,517 $42,517 Redevelopment: 620 Interest - Old School (from General Fund) $0 $16,250 $16,250 $16,250 790 Redevelopment Activity $0 $6,500 $100,000 $0 795 Old School Lot Purchase FY15/Assessment Payments FYI 66 $1,258,465 $188,004 $167,500 $175,102 Total Grants & Housing $1,258,465 $210,754 $283,750 $191,352 GRAND TOTALS $1,303,746 $220,892 $326,267 $233,869 39 RURAL DEVELOPMENT LOAN REVOLVING #61-01 FUND: 2887-480-470210 PROJECTED REVENUE AND FUND SUMMARY estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 BEGINNING CASH 10100 CASH: operating $194,629 $232,309 $232,309 $293,980 10140 CASH: loan loss reserve $22,009 $21,271 $21,271 $21,271 Total Cash $216,638 $253,580 $253,580 $315,251 REVENUES 345010 Application/Origination Fees $0 $500 $950 $500 373010 Loan Interest $20,895 $18,378 $10,248 $6,835 371010 Other Interest $564 $400 $544 $500 373030 Principal $37,608 $43,644 $72,003 $41,298 Total Revenue $59,067 $62,922 $83,745 $49,133 Amount Available $275,705 $316,502 $337,325 $364,384 EXPENDITURES Redevelopment Activity $51 $150,000 $0 $200,000 Principal $18,091 $18,272 $18,272 $18,454 Interest $3,983 $3,803 $3,802 $3,620 Total Expenditure $22,125 $172,075 $22,074 $222,074 ENDING CASH 10100 CASH: operating $232,309 $123,156 $293,980 $127,304 10140 CASH: loan loss reserve (6%o/s loans principal) $21,271 $21,271 $21,271 $15,006 $253,580 $144,427 $315,251 $142,310 PROGRAM DESCRIPTION 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. 40 RURAL DEVELOPMENT LOAN REVOLVING #61-03 FUND: 28 8 8-480-470210 PROJECTED REVENUE AND FUND SUMMARY estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 BEGINNING CASH 10100 CASH: operating $179,998 $190,901 $190,901 $279,242 10140 CASH: loan loss reserve $10,137 $9,695 $9,695 $9,695 Total Cash $190,135 $200,596 $200,596 $288,937 REVENUES 373010 Loan Interest $10,104 $9,466 $5,239 $3,948 371010 Other Interest $498 $250 $600 $200 373030 Principal $9,884 $10,286 $92,527 $5,677 Total Revenue $20,486 $20,002 $98,366 $9,825 Amount Available $210,621 $220,598 $298,962 $298,762 EXPENDITURES 610 Principal Repayment to IRP 61-03 $8,057 $8,135 $8,137 $8,219 620 Interest Repayment to IRP 61-03 $1,968 $1,890 $1,888 $1,806 750 Redevelopment Activity $0 $110,000 $0 $150,000 Total Expenditures $10,025 $120,025 $10,025 $160,025 ENDING CASH 10100 CASH: operating $190,901 $90,878 $279,242 $134,634 10140 CASH: loan loss reserve (6% of o/s prin of loans) $9,695 $9,695 $9,695 $4,103 $200,596 $100,573 $288,937 $138,737 PROGRAM DESCRIPTION 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. 41 2944 CDBG - FAIRGROUNDS ADA GRANT FUND: 2944-480-470240 PROJECTED REVENUE AND FUND SUMMARY estimated proposed BUDGET ACTUAL BUDGET FY16/17 FY16/17 FY17/18 BEGINNING CASH CASH: operating $0 $0 $0 REVENUES 331015 CDBG - FAIRGROUNDS ADA GRANT $150,469 $50,000 $100,469 Total Available $150,469 $50,000 $100,469 EXPENDITURES 820 Administration -transfer to General Fund $0 $0 790 Improvements $150,469 $50,000 $100,469 Total Expenditures $150,469 $50,000 $100,469 ENDING CASH CASH: operating $0 $0 $0 PROGRAM DESCRIPTION Pass through grant for Flathead County to make ADA improvements to the fairgrounds. 42 EPA BROWNFIELDS ASSESSMENT GRANT FUND: 2953-480-470210/470215 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash REVENUE 331090 EPA FUNDING $400,000 Total Revenue Total Available EXPENDITURES 470210-354 Cont. Sery - Petroleum 470210-373 Travel -Petroleum 470215-354 Cont Sery - Hazardous 470215-373 Travel -Petroleum Total Expenditure ENDING CASH Cash estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $0 $o $0 $0 $0 $400,000 $826 $399,174 $0 $400,000 $826 $399,174 $0 $400,000 $826 $399,174 $0 $0 $0 $0 $200,000 $0 $200,000 $0 $16 $397 $16 $397 $195,984 $3,603 $195,984 $3,603 $0 $400,000 $826 $399,174 $0 $0 $0 $0 PROGRAM DESCRIPTION The City has been awarded $400,000 for Brownfields Revitalization Project funds to be used for Phase 1 and Phase 11 Environmental Assessments. 43 EPA BROWNFIELDS REVOLVING LOAN FUND FUND: 2955-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash REVENUE 331090 EPA Funding Loan Principal and Interest Total Revenue Total Available EXPENDITURES 470210 PETROLEUM 229 Supplies 352 Personnel 353 Fringes 354 Contracted Services 373 Travel 720 Loans 721 Subgrants 725 Revolved Funds 470215 HAZARDOUS SUBSTANCES 229 Supplies 354 Contracted Services 373 Travel 720 Loans 721 Subgrants (FC Jail Project) ENDING CASH Cash estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $100,500 $100,500 $100,500 $100,500 $221,807 $488,407 $1,483 $486,924 $221,807 $488,407 $1,483 $486,924 $322,307 $588,907 $101,983 $587,424 $0 $908 $0 $908 $0 $3,505 $0 $3,505 $0 $493 $0 $493 $0 $1,488 $0 $1,488 $0 $35 $35 $0 $0 $62,354 $0 $62,354 $0 $100,000 $0 $100,000 $0 $100,500 $0 $100,500 $0 $1,158 $0 $1,158 $0 $88 $0 $88 $2,184 $3,778 $1,448 $2,330 $0 $314,600 $0 $314,600 $219,623 $0 $0 $0 $221,807 $588,907 $1,483 $587,424 $100,500 $0 $100,500 $0 PROGRAM DESCRIPTION The City has been awarded $1,000,000 for a Brownfields Revolving Loan Program accepted 6/20/11. 44 2991 TIGER GRANT FUND: 2991-4 80-470245 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH CASH: operating REVENUES 331055 Tiger Grant $10,000,000 365020 FCEDA Contribution 365021 BN Contribution 365022 New Market Tax Credits 383000 Transfer from Westside TV Total Revenue from sources Total Available EXPENDITURES 790 Redevelopment Total Expenditures ENDING CASH CASH: operating estimated proposed BUDGET ACTUAL BUDGET FY16/17 FY16/17 FY17/18 $0 $0 $10,000,000 $0 $0 $10,000,000 $10,000,000 $0 $10,000,000 $10,000,000 $0 $10,000,000 $10,000,000 $0 $10,000,000 $10,000,000 $0 $10,000,000 PROGRAM DESCRIPTION $0 $0 $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. 45 2994 KIDSPORTS GRANT FUND: 2994-43 6-46043 6 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH CASH: operating REVENUES 334012 KIDSPORTS Grant $1,412,000 365020 KIDSPORTS Match Total Available 930 Capital Improvements ENDING CASH CASH: operating estimated proposed BUDGET ACTUAL BUDGET FY16/17 FY16/17 FY17/18 $0 $0 $0 $1,412,000 $740,726 $500,000 $250,000 $912,000 $490,726 $2,152,726 $750,000 $1,402,726 $2,152,726 $750,000 $1,402,726 $2,152,726 $750,000 $1,402,726 $0 $0 $0 PROGRAM DESCRIPTION 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. .;