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06. Community DevelopmentCOMMUNITY DEVELOPMENT Fund # 2188 Tax Increment Fund-Westside $ 3,411,777 2310 Cold School Station Tech TIF $ 3500 2311 Cold School Station Industrial TIF $ 10,500 2880 Community Development Loan Revolving $ 1755088 2886 Community Development Fund $ 405,288 2887 Rural Development Revolving Fund $ 504,928 2944 CDBG--ED Flathead Valley community College $ 1661860 2945 CDBG--Youth Shelter $ 45000 2882 Courtyard Maintenance $ 1001000 $ 592591441 177 WESTSIDE TAX INCREMENT DISTRICT "C" FUND: 2188 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 Operating Total Cash REVENUES 365010 Contributed Capital -Port Authority 381030 URBAN RENEWAL BONDS-15 yr 383001 Operating Transfer from Debt Fund 3188 Total Revenue Total Available EXPENDITURES Redevelopment Activities Construction Total Expenditures ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 $1,431,675 $1,301;576 $1,301,576 $1,573,348 $1,431,675 $1,301,576 $1,3011,576 $1,573,348 $138,379 $0 $4009000 $0 $0 $3203-000 $0 $0 $3201000 $0 $19500,000 $350,000 $538,379 $320,000 $320,000 $1,850,000 $1,970,054 $1,621,576 $11621,576 $3,423,348 $35,244 $633,234 $1451709 $1,435,629 $401)775 $75453 $1,673,506 $1,7381271 $668,478 $1,581,338 $48,228 $3,411,777 $11,301,576 $405238 $1,573,348 $11,571 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 fund it is transferred to this fund. 178 WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 EXPENDITURE SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 Personal Services $27,375 $34,471 $24,199 $361>130 Redevelopment activity $7,869 $1111,238 $165576 $15637,376 Capital Improvements $633,234 $1,435,629 $73453 $1,738,271 $668,478 $11581,338 $48,228 $3,411,777 The Westside 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 in the purchase of a portion of the Mall building and rehabilitation of the site. Stream vacated the site and the site is now occupied by the Teletech organization. All tax increment revenue is directed to the debt service fund (Fund 3188) to pay bonds which the City funded through a State program with the board of investments. Increment in excess of debt needs will be transferred back to the Tif District. FY08 BUDGET ACCOMPLISHMENTS Design work for the Glenwood Drive Storm Drain was completed by City Engineering staff. Lower Spring Creek storm drain design project was awarded in March of 2008. FY09 BUDGET HIGHLIGHTS Budget for Hawthorne Park includes the overlay and resurface of the tennis courts, $44,594. Greenbriar Park - Hard surface Sports court 179 WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 FY09 BUDGET HIGHLIGHTS 950 Meridian Rd/Glenwood Dr Storm Drainage Construction - $135,000 This project is intended to install new facilities in the neighborhoods lying primarily west of Meridian Road to take full advantage of the new improvements installed as part of the Meridian Road Project. The storm drainage facilities in these areas and in other areas lying upstream are inadequate and need improvement. City staff designed project in house FY 07108, construction to take place FY 08109. 951 Street Overlays - $30,000 Carryover 952 PER Lower Spring Creek Storm Drainage - Carryover $40,000 & New Appropriation $65,000 This project has been included in the storm drainage plan for several years. It will relieve pressure on the existing portions of Meridian Road storm facilities lying south of US 2 that are not being improved by the Meridian Road Project, which is north of US 2. The Lower Spring Creek Project will divert flow away from the over -taxed pipe in Meridian Road and will lead it south to the existing drainage south of Appleway Drive. Approximate cost for the preliminary engineering report for this project is $130,000. 953 3 Mile Drive Road - $1,410,000 Significant development along 3 Mile Drive over the past several years has greatly increased traffic on an inadequate roadway. This project is intended to improve 3 Mile Drive from the end of recent improvements done as part of the Meridian Road Project and will extend to the limits of the Westside Tax Increment District. Preliminary engineering is being done in-house to determine the actual scope of the project and to determine accurate construction and ROW costs. Improvements that are required that extend beyond the limits of the Westside TIF will require funding from alternate sources yet to be identified. .H WESTSIDE TAX INCREMENT DISTRICT FUND: 2188 COMMUNITY DEVELOPMENT Personal Services FTE'S 480-470230 110 Salaries-Admin 153 Health 155 Retirement Total Personal Services 353 Audit 352 Bond Issue Costs 354 Transfer to Port Authority-bldg maint. 356 Redevelopment Appraisals 522 Administrative Transfer 712 IRP loan revolving program 814 Redevelopment/ Housing Land Trust: (bond) Total Community Development PUBLIC ''WORKS 453430246 Construction Projects 951 Street overlays 950 Storm Sewer (carryover) 950 Meridian/Glenwood Drive Construction 952 Lower Spring Creek design (awarded 3/08) 953 3 Mile Drive Road Design 4I0430266 Teletech Project 950 Parking Lot -Construction 1 /2 COST Total Public Works PARKS DEPARTMENT 436-460430 Parks Department 930 Greenbriar Park improvements 934 Hawthorne Park Tennis Court resurface Total Parks TOTAL BUDGET ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 0.34 $23,827 $2,158 $1,390 0.34 $29,327 $3,239 $19905 0.34 $20,446 $21)493 $15260 0.34 $29,323 $4,903 $1,904 $27,375 $34,471 $243P199 $36,130 $500 $500 $500 $500 $30,000 $5,000 $500 $5,000 $5,000 $1,069 $251Y000 $338 $25,000 $1,300 $10,738 $10,738 $26,876 $50,000 $50,000 $20,000 $1,500,000 $7,869 $111,238 $ I 6,576 $1,637,376 $ I,200,000 $305000 $30,000 $343,655 $90,000 $3,653 $135,000 $651)000 $96 $105,000 $1,410,000 $2771)208 $0 $0 $0 $620,863 $1,385,000 $31>749 $1,680,000 $7,371 $15,629 $1,952 $13,677 $5,000 $35,000 $1,752 $44,594 $ 2,371 $50,629 $3,704 $581271 $668,478 $1,581,338 $48,228 $3,411,777 8 2310 OLD SCHOOL STATION TIF-TECHNOLOGY "G" FUND: 2310-480-070210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH Operating Total Cash REVENUES 311110 Real Estate Property Taxes 311200 Personal Property Taxes 315000 Penalty & Interest Total Revenue Total Available EXPENDITURES Redevelopment activities Total Expenditures ENDING CASH Operating Cash ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 $0 $160 $160 $6,239 $0 $160 $160 $6,239 $160 $0 $0 $10,200 $0 $0 $11,023 $42 $14 $285000 $790 $10 $160 $10,200 $11,079 $28,800 $160 $10,360 $11,239 $35,039 $0 $10,000 $5,000 $35,000 $0 $10,000 $5,000 $35,000 $160 $360 $6,239 $39 182 2310 OLD SCHOOL STATION TIF-TECHNOLOGY "G" FUND: 2310-0804702I0 EXPENDITURE DETAIL/Summary COMMUNITY DEVELOPMENT 790 Redevelopment activity Total Community Development 820 Operating transfer to SID debt Service TOTAL BUDGET ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 $5,000 $0 $20,000 $5,000 $5,000 $0 $5,000 $20,000 $15,000 $51000 $51000 $15,000 $0 $10,000 $5,000 $35,000 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. 83 2311 OLD SCHOOL STATION TIF-INDUSTRIAL "H" FUND: 2311-480-4702I0 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH Operating Total Cash REVENUES 311110 Real Estate Taxes 311200 Personal Property Taxes 315000 Penalty & Interest Total Revenue Total Available EXPENDITURES Redevelopment activities Total Expenditures ENDING CASH Operating Cash ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 $o $160 $160 $3,106 $o $160 $160 $3,106 $160 $0 $o $7,150 $o $0 $6,318 $0 $17 $7,500 $0 $o $160 $7,150 $6,335 $7,500 $160 $7,310 $6,495 $ 10,606 $0 $3,500 $3,389 $10,500 $0 $3,500 $3,389 $10,500 $160 $35810 $3,106 $106 1.84 2311 OLD SCHOOL STATION TIF-INDUSTRIAL "H" FUND: 231 1-480-4702I0 EXPENDITURE DETAIL/Summary ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 COMMUNITY DEVELOPMENT 790 Redevelopment activity $0 $3,500 $3,500 $7,000 Total Community Development $0 $3,500 $3,500 $7,000 820 Operating transfer to SID debt Service $0 $0 $31,500 $31,500 $0 $0 $3,500 $31500 TOTAL BUDGET $0 $31500 $7,000 $10,500 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. 185 COMMUNITY DEVELOPMENT -REVOLVING FUND FUND: 2880-080-470210 PROJECTED REVENUE AND FUND SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 BEGINNING CASH 10100 Cash, Operating $475,650 $206,119 $207,121 $110,858 10162 Cash, Reserve for investment (S&C) $70,774 $59,844 $59,844 $75,251 10105 Cash, * Downtown revitalization $91,946 $3,127 $25,666 $7,185 $556,370 $269,090 $269,631 $193,294 REVENUES 373026 *Principal Income -Barbieri $66,717 $0 $0 $0 373011 Interest Income -Barbieri $291253 $0 $0 $0 373020 Loan Proceeds/Principal (CDBG) $41465 $4,500 $14,893 $3,134 373010 Loan Proceeds/ -Interest (CDBG } $2,508 $35700 $23471 $1,614 373021 Loan Proceeds/Hilton-Principal $14,025 $18,274 373022 Loan Proceeds/Distinctive Countertops $1,008 $1,072 373023 Loan Proceeds/Flathead Health & Fitness $3,802 $4,066 373012 Interest/IRP loans (Hilton, Flathead Fitness) $13,461 $13,416 373013 Interest CDBG-ED Distinctive Countertops $%496 $13,679 373027 Loan Proceeds/Hockaday $25125 $178 $0 $0 373030 Loan Proceeds/ CDBG-ED $111>129 $13,820 373060 *Center Street loan $41)705 $4,500 $4,519 $4,996 373070 Loan to Street Dept, 4.85% interest rate ($80,000) $19,880 $16,000 $20,000 371010 Interest Earnings $25,882 $ 10,000 $010 $6,000 27100 Transfer to IRP loan revolving - match share $0 $0 $19,249 $0 Total Revenue $55,655 $42,758 $118,663 $100,071 Total Available $612,025 $311,848 $388,294 $293,365 EXPENDITURES *Redevelopment Distribution $149,935 $7,422 $0 $51X8 Redevelopment $1931000 $240,000 $195,000 $170,000 Total Expenditures $342,935 $247,422 $195,000 $175,088 ENDING CASH 10100 Cash, Operating $2061119 $4,377 $110,858 $35,933 10162 Cash, Reserve for investment $59,844 $59,844 $75,251 $75,251 10105 Cash, * Downtown revitalization $3,127 $205 $7,185 $7,093 TOTAL CASH $26%090 $645426 $193,294 $118,277 COMMUNITY DEVELOPMENT -REVOLVING FUND FUND: 2850-480-470240 ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 Loans & Grants $342,935 $1721422 $165,000 $120,088 Capital improvements $0 $751)000 $30,000 $55,000 Total $342,935 $247,422 $195,000 $175,088 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. FY 08 BUDGET ACCOMPLISHMENTS Supported Eagle Transit for another year. FY 09 BUDGET HIGHLIGHTS Funds have been appropriated for the site work and casting of two bronzes for the Hwy93 and Hwy 2 pocket park. 187 COMMUNITY DEVELOPMENT -REVOLVING FUND FUND: 2880-480470240 EXPENDITURE DETAIL Redevelopment Activity 708 Redevelopment Distribution to County 709 Redevelopment Activity 711. IRP -Rural Development Match 710 Hockaday Grant 720 Eagle Transit Total Redevelopment activity Capital Improvements 934 Capital Improvements -Skyline Bowl 950 Capital Improvements Hwy 93 & Hwy 2 -Bronzes Total Capital Improvements Total ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 $1491,935 $7,422 $0 $5,088 $0 $0 $o $100,000 $0 $ 150,000 $150,000 $0 $178,000 $0 $0 $0 $15,000 $15,000 $15,000 $15 5000 $3421)935 $1723422 $1651000 $ 120,088 $75,000 $30,000 $55,000 $0 $75,000 $30,000 $55,000 $342,935 $247,422 $195,000 $1751)088 1.88 Community Development operations (old UDAG) FUND: 2886-480-4702 l 0 PROJECTED REVENUE AND FUND SUMMARY BEGINNING GASH 10100 CASH: operating 10161 Investment* REVENUES 373075 United Way -loan repayment 373070 Big Sky Manor -loan repayment 371010 Interest/Misc. 373010 Interest from Loans 331018 CDBG -survey grant 331019 CDBG grant Admin - Youth shelter 11324 Advance to Light District (loan) Total Revenue Total Available EXPENDITURES Operating Budget Redevelopment/G rants * Total Expenditures ENDING CASH 10100 CASH: operating 10161 Investment* TOTAL CASH ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 ($80,068) ($1,823) ($1,835) $18,436 $8983,165 $68% 165 $689,165 $4891j165 $818,097 $687,342 $687,330 $507,601 $111477 $11 NO $5,555 $5,899 $9,820 $9,000 $5,450 $51)729 $28,755 $20,000 $28,793 $1500 $10,880 $10,000 $10,292 $9,670 $0 $15,000 $15,000 $0 $275000 $15,000 $15,000 $153,000 $15,000 $75,932 $80,000 $801)090 $78,298 $894,029 $767,342 $767,420 $5859899 $206,699 $332,625 $255,230 $331,288 $0 $55,000 $41,589 $741,000 $206,699 $387,625 $259,819 $405,288 ($1,835) $15,552 $18,436 $1,446 $689,165 $3 89,165 $489,165 $1791,165 $687,330 $379,717 $507,601 MOM 1 :I Community Development operations (old UDAG) FUND: 2886-480-470210 EXPENDITURE SUMMARY ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 _J Personal Services $131,955 $210,592 $145,218 $219,328 Materials and Services $74,744 $122,033 $110,012 $111,960 Grants $0 $55,000 $41589 $74,000 $20509 $387,625 $259,819 $405,288 PROGRAM DESCRIPTION The eligible uses of program income 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. FYUS BUDGET ACCOMPLISHMENTS The department completed a Core area housing survey, is developing a City Community Land Trust not -for -profit organization and project and continues to house the Glacier Affordable Housing Foundations' First Time home buyer's Program. Efforts are underway to work with BNSF to remove the railroad tracks downtown and relocate Cenex and Northwest Drywall. Under the economic development ann, the department finalized an incentive policy which is retrievable via the City website, updated the department website, created a new logo for the City, developed a marketing plan to create prospect activity, hosted several prospects, and initiated a senior leadership peer to peer group for technology business owners. There are five loans through the Rural Development Intermediary Relending Program, one CDBG-ED business loan, one CDBG Public Facilities grant for the Youth Home, and one CDBG-ED Grant in partnership with the Flathead Valley Community College. FY 09 BUDGET HIGHLIGHTS Anticipate two businesses to construct and operate out of the business park. Continue efforts in internal and external prospect activity, establishment of the CLT development, create affordable housing plan, and partner with community organizations to assist in obtaining grants or loans for funding projects. In an effort to create an urban renewal district downtown to remove the tracks, enhance the housing, and encourage redevelopment investment, the Department will continue to work on its recommendation to establish a BNSF TIF. In coordination with the Business Improvement District and Kalispell Downtown Association, the Department will continue to encourage a Main Street (downtown) Manager. Work continues with the County Library Board and Facilities Committee to form a recommendation for the new Library location. The Community Development Department is a member of the facilities committee. 190 Community Development operations (old UDAG) FUND: 2886-480-470210 Personal Services: FTE's 110 Salaries & Wages 153 Health Insurance 155 Retirement - PERD Total Personal Services Materials and Services: 210 Office Supplies 212 Project Expenses 213 Small Office Equip. 215 Computer Supplieslwebsite 218 Other Equipment (non -capital) 231 Gas & Oil 312 Postage 320 Printing 335 Membership & Dues 341 Electricity, gas & water 345 Telephone, Communications 353 Auditing 354 Contract Services 362 Recruitment & Moving Expense 363 Office Equip Maintenance 373 School and Travel 379 Meetings 381 Training 396 Studies/Surveys & marketing 510 Property & Liability ins. 521 Central Garage Transfer 522 Administrative Transfers 528 Data Processing Transfers 531 Office Rent new bldg Total Materials & Services Grants & Housing: 710 Land Trust donation 790 Redevelopment Activity Total Grants & Housing GRAND TOTALS EXPENDITURE DETAIL ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 2.84 3.07 3.07 2.90 $114,236 $172,105 $124,698 $179,780 $121434 $27,334 $15,112 $27,902 $5,285 $11,153 $5,408 $11,646 $1311955 $210,592 $145,218 $219,328 $722 $1,300 $1,037 $11100 $7,493 $5,000 $3,248 $10,000 $2,707 $2,000 $460 $200 $921 $1,000 $919 $3,000 $0 $8,000 $7,320 $1,200 $951 $1,200 $230 $1,200 $392 $1,000 $436 $11500 $100 $500 $1,025 $10,000 $593 $1,500 $2,231 $5,000 $3,464 $1,000 $559 $0 $5,169 $21500 $4,925 $500 $2,500 $2,500 $2,500 $2,500 $402 $5,000 $3,655 $2,000 $12,686 $15,000 $15,865 $0 $345 $2,000 $0 $350 $1,806 $5,000 $4,887 $10,000 $526 $1,700 $2,283 $1,700 $3,000 $0 $35,000 $30,729 $35,000 $4,555 $5,000 $4,870 $3,000 $500 $500 $500 $500 $14,009 $6,965 $6,965 $8,311 $6,494 $10,718 $10,718 $7,199 $4,119 $7,650 $4,650 $4,700 $74,744 $122,033 $110,012 $111,960 $0 $20,000 $0 $20,000 $0 $35,000 $4,589 $54,000 $0 $55,000 $4,589 $74,000 $206,699 $387,625 $2591819 $405,288 IRF RURAL DEVELOPMENT LOAN REVOLVING FUND: 2887-480-470210 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH 10100 CASH: operating 10120 CASH: interest REVENUES 331044 USDA LOAN # 1 331045 USDA LOAN #2 345010 APPLICATION/ORIGINATION FEES 373010 LOAN INTEREST * 371010 OTHER INTEREST 373030 PRINCIPAL transfer to 2880 revolving fund - PPA TOTAL REVENUE AMOUNT AVAILABLE EXPENDITURES ENDING CASH 10100 CASH: operating 10120 CASH: interest * Valley Linen paid off $124,787 FY 08 ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 $43,650 $67,926 $67,926 $234,379 $24,745 $59,894 $59,894 $97,591 $68,395 $127,820 $127,820 $331,970 $42,500 $107,500 $642,500 $150,000 $492,500 $3,750 $35500 $3,300 $3,250 $31,399 $25,000 $431,406 $32,754 $2,107 $2,000 $27,832 $37,600 $184,332 $461)417 ($19,248) $2121981 $708,600 $363,897 $576,921 $281,376 $836,420 $491,717 $908,891 $153,556 $6631213 $159,747 $504,928 $67,926 $84,813 $234,379 $270,368 $59,894 $881,394 $97,591 $133,595 $127,820 $173,207 $331,970 $403,963 192 RURAL DEVELOPMENT LOAN REVOLVING FUND: 2887-480-470210 EXPENDITURE DETAIL/ SUMMARY Administration: 110 Salaries 153 Health 155 Retirement Grants & Loans: 750 Redevelopment Activity 610 Principal 620 Interest Expense to Rural Development 1 % TOTAL FTE's ACTUAL FY06/07 BUDGET FY07/08 ACTUAL FY07/08 BUDGET FY08/. .09 0.1 0.1 0.1 $4,841 $3,115 $5,471 $559 $466 $604 $313 $199 $353 $5371.3 $3,780 $6,428 $150,037 $642,500 $150,021 $475,623 $16,877 $3,519 $15,000 $5,946 $6,000 $153,556 $657,500 $1551967 $498,500 $153,556 $663,213 $159,747 $5045928 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. Department was successful in writing a second Rural Development (RD) grant application for $750,000 from the RD Intermediary Relending Program (IRP). Funds will be used to provide gap financing to businesses in need of expansion or start-up. The additional RD funds along with revenue from 5 existing loans, provide access to slightly over I million dollars for gap financing purposes. PY DS BUDGET ACCOMPLISHMENTS One new loan was completed for a business expansion that will result in the creation of 16 new jobs. FY 09 BUDGET HIGHLIGHTS Staff is projecting a minimum of 2 new loans to be funded in this fiscal year with an estimated job creation of up to 120 jobs. Administration costs added to account for 10% of the salary of the program administrator. 93 CDBG -ED for Flathead Valley Community College FUND: 2944-480-470242 PROJECTED REVENUE AND FUND SUMMARY BUDGET PY0SID9 BEGINNING CASH CASH: operating $0 REVENUES 331015 GRANT $166,860 Total Available $166,860 EXPENDITURES Total Expenditures $166,860 $166,860 ENDING CASH CASH: operating $0 EXPENDITURE DETAIL/SUMMARY ...................... BUDGET FY08/09 Materials and Services: 820 Administration transfer $o Total Materials & Services $0 ED Grant : 790 Redevelopment Activity $166,860 GRAND TOTALS $1669860 PROGRAM DESCRIPTION Pass thru grant for the College to purchase equipment used in training programs. 194 CDBG -Public Facilities (Youth Shelter) FUND: 2945480470242 PROJECTED REVENUE AND FUND SUMMARY BUDGET FY08/09 BEGINNING CASH CASH: operating $0 REVENUES 331015 GRANT $450,000 Total Available $450,000 EXPENDITURES Total Expenditures $450,000 $450,000 ENDING CASH CASH: operating $0 EXPENDITURE DETAIL/SUMMARY BUDGET FY08/09 Materials and Services: 820 Administration transfer (6% of $450,000) $27,000 Total Materials & Services $27,000 Grants & Housing: 790 Redevelopment Activity $423,000 GRAND TOTALS $450,000 PROGRAM DESCRIPTION Construction of a New Youth Shelter Facility: CDBG Amount $450,000 1 st Interstate Bank W loan $525,496 Daybreak Rotary Contribution $20,000 Mt Youth Homes Fund raising $38,433 $1,033,929 The proposed budget will assist in constructing a ten -bedroom home that will be designed specifically for shelter care. Property has been purchased within an established neighborhood of Kalispell and the requisite conditional use permit has already been approved. 195 COURTYARD MAINTENANCE FUND: 2882-480-470240 PROJECTED REVENUE AND FUND SUMMARY BEGINNING CASH CASH: operating REVENUES Gross Rent Receipts Total Available EXPENDITURES Property Management Cost: Debt Service: Total Expenditures ENDING CASH CASH: operating ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 $35,486 $371,661 $45,279 $47,932 $71,548 $75,000 $77,311 $85,000 $107,034 $112,661 $122,590 $132,932 $46,013 $60,000 $23,360 $30,000 $481568 $70,000 $26,090 $30,000 $699373 $9000 $74,658 $100,000 $37,661 $22,661 $47,932 $32,932 COURTYARD MAINTENANCE FUND: 2882-480-470240 EXPENDITURE SUMMARY 1 DETAIL ACTUAL BUDGET ACTUAL BUDGET FY06/07 FY07/08 FY07/08 FY08/09 480 470240 354 Maintenance & Operations $46,013 $605000 $48,568 $70,000 480 490500 620 Debt Service $23,360 $303,000 $26,090 $30,000 $69,373 $90,000 $74,658 $100,000 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 City's share. This is the City's equity in the project. 97