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09. Special Revenue Funds, TIFS & Other 2018 Prelim BudgetSPECIAL REVENUE FUNDS Page Fund Dept TIFS & OTHER 47-48 2185 Airport TIF $ 2,036,142 49-50 2188 Westside TIF $ 4,596,703 51 2310 Old School Tech TIF $ 81,500 52 2311 Old School Industrial TIF $ 10,000 53 2372 Health $ 992,000 $ 7,716,345 AIRPORT TAX INCREMENT DISTRICT "B" FUND: 218 5-000-43 03 00/47 0240/46043 0 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Cash Total Beginning Cash REVENUES 335230 State Entitlement 371010 Investment Revenue 383001 Transfer from Debt Service Total Revenue Total Available EXPENDITURES Personal Services M & O and Redevelopment Total Expenditures ENDING CASH Cash Cant' Over estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FYI 6/17 FY16/17 FY17/18 $963,930 $1,413,508 $1,413,508 $1,776,414 $963,930 $1,413,508 $1,413,508 $1,776,414 $42,671 $42,671 $42,671 $42,671 $7,891 $9,000 $15,000 $15,000 $450,000 $350,000 $350,000 $350,000 $500,562 $401,671 $407,671 $407,671 $1,464,492 $1,815,179 $1,821,179 $2,184,085 $22,356 $24,765 $24,765 $24,567 $28,628 $1,760,843 $20,000 $2,011,575 $50,984 $1,785,608 $44,765 $2,036,142 $1,413,508 $29,571 $1,776,414 $147,943 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. 47 AIRPORT TAX INCREMENT DISTRICT FUND: 2185-000-43 03 00/470240/46043 0 480 470240 Personal Services: 110 Salaries 153 Health 155 Retirement Subtotal 345 Telephone & Communication Subtotal 000 430300 Airport 353 Auditing 522 Administrative transfer 840 Redevelopment activity Subtotal Total EXPENDITURE DETAIL proposed ACTUAL ACTUAL BUDGET BUDGET FY14/15 FY15/16 FY16/17 FY17/18 FTE's 0.35 0.35 0.35 0.35 $15,938 $18,227 $20,256 $19,988 $2,365 $2,687 $2,935 $2,963 $1,201 $1,394 $1,526 $1,568 $19,505 $22,308 $24,717 $24,519 $44 $48 $48 $48 $44 $48 $48 $48 $1,600 $1,600 $1,600 $1,600 $8,646 $8,674 $9,243 $9,975 $106,645 $18,354 $1,750,000 $2,000,000 $116,891 $28,628 $1,760,843 $2,011,575 $136,396 $50,984 $1,785,608 $2,036,142 48 WESTSIDE TAX INCREMENT DISTRICT "C" FUND: 2188 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 365015 FCEDA Contributions to Tiger Grant 371010 Investment Earnings Total Revenue Total Available EXPENDITURES Personal Services Distribution or Redevelopment Tiger Activity Total Expenditures ENDING CASH Operating estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $4,008,568 $3,946,859 $3,946,859 $4,252,423 $4,008,568 $3,946,859 $3,946,859 $4,252,423 $8,176 $260,000 $300,000 $300,000 $21,890 $20,000 $380 $20,000 $357 $0 $200 $200 $243,128 $243,128 $243,128 $243,128 $8,461 $8,500 $8,574 $8,500 $2,550 $0 $4,163 $0 $28,073 $30,000 $40,000 $30,000 $312,635 $561,628 $596,445 $601,828 $4,321,203 $4,508,487 $4,543,304 $4,854,251 $45,540 $52,877 $53,077 $52,205 $271,419 $42,804 $37,804 $44,498 $57,385 $4,000,000 $200,000 $4,500,000 $374,344 $4,095,681 $290,881 $4,596,703 $3,946,859 $412,806 $4,252,423 $257,548 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. 49 WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 COMMUNITY DEVELOPMENT Personal Services 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 720 Redevelopment Subtotal 470240 Tiger Grant Activity 720 Tiger Grant Redevelopment Total EXPENDITURE DETAIL proposed ACTUAL ACTUAL BUDGET BUDGET FY14/15 FY15/16 FY16/17 FY17/18 FTE'S 0.66 0.66 0.65 0.65 $34,246 $37,673 $43,983 $43,230 $4,519 $4,989 $5,558 $5,599 $2,582 $2,878 $3,337 $3,375 $41,347 $45,540 $52,877 $52,205 $2,000 $2,000 $2,000 $3,000 $189 $0 $5,000 $5,000 $0 $192 $0 $192 $32,000 $32,340 $32,340 $32,340 $3,120 $3,198 $3,464 $3,966 $202,593 $233,689 $0 $0 $239,902 $271,419 $42,804 $44,498 $0 $57,385 $4,000,000 $4,500,000 $281,249 $374,344 $4,095,681 $4,596,703 50 2310 OLD SCHOOL STATION TIF-TECHNOLOGY "G" FUND: 2310-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Operating Cash -Redevelopment REVENUES 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 354 Contract Services- Bond Counsel 355 Glacier Investment Reimbursement 356 FED -EX Reimbursment/Developer agreement 820 Operating Transfer-FY14 Debt Service/FY15 Comm. Dev Total Expenditures ENDING CASH 10100 Operating Cash -Redevelopment estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $25,429 $9,730 $9,730 $22,444 $57,376 $57,000 $60,500 $60,000 $5221 $5,000 $5,181 $5,000 $328 $0 $0 $0 $3,057 $3,056 $3,056 $3,056 $172 $100 $100 $100 $0 $0 $0 $0 $66,154 $65,156 $68,837 $68,156 $91,583 $74,886 $78,567 $90,600 $0 $0 $0 $0 $11,215 $11,500 $10,841 $11,000 $10,638 $11,000 $10,282 $10,500 $60,000 $35,000 $35,000 $60,000 $81,853 $57,500 $56,123 $81,500 $9,730 $17,386 $22,444 $9,100 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. 51 2311 OLD SCHOOL STATION TIF-INDUSTRIAL "H" FUND: 2311-480-470210 PROJECTED REVENUE AND FUND SUMMARY estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 BEGINNING CASH 10100 Cash Operating -Redevelopment REVENUES 311100 Real Estate Taxes 312000 Penalty & Interest 383001 Transfer from Debt Service -Reimburse Total Revenue Total Available EXPENDITURES 820 Operating Transfer-FY14 Debt Service/FYI5 Comm. E Total Expenditures ENDING CASH $12,927 $12,427 $12,427 $11,852 $9,183 $317 $0 $9,000 $100 $0 $14,300 $125 $0 $10,000 $100 $0 $9,500 $9,100 $14,425 $10,100 $22,427 $21,527 $26,852 $21,952 $10,000 $15,000 $15,000 $10,000 $10,000 $15,000 $15,000 $10,000 10100 OperatingCash-Redevelopment $12,427 $6,527 $11,852 $11,952 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. 52 HEALTH -permissive levy FUND: 2372-400-521000-810 REVENUE PROJECTION 23.0 26.0 26.0 26.0 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 estimated proposed ACTUAL BUDGET ACTUAL BUDGET FY15/16 FY16/17 FY16/17 FY17/18 $ 104,057 $ 53,147 $ 53,147 $ 70,172 $ 845,333 $ 954,000 $ 965,000 $ 978,000 $ 16,427 $ 16,000 $ 21,000 $ 16,000 $ 1,305 $ 1,000 $ 1,000 $ 1,000 $ 22,025 $ 22,025 $ 22,025 $ 22,025 $ 885,090 $ 993,025 $ 1,009,025 $ 1,017,025 $ 989,147 $ 1,046,172 $ 1,062,172 $ 1,087,197 $ 850,000 $ 901,000 $ 901,000 $ 901,000 $ 86,000 $ 91,000 $ 91,000 $ 91,000 $ 936,000 $ 992,000 $ 992,000 $ 992,000 Cash Carry over $ 53,147 $ 54,172 $ 70,172 $ 95,197 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 and Parks 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 it is not necessary to adjust for single, married, 2 party, etc. The calculation takes into account the number of employees. 53