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Home My WebLink AboutResolution 4319 Commitment of Special Revenue Fund Balances in accord. with GASB 54COMMISSION RESOLUTION NO. 4319 A RESOLUTION OF THE CITY COMMISSION OF BOZEMAN, MONTANA, TO APPROVE COMMITMENT OF SPECIAL REVENUE FUND BALANCES IN ACCORDANCE WITH GASB STATEMENT NO. 54 WHEREAS, the Governmental Accounting Standards Board (GASB) has issued Statement No. 54 — Fund Balance Reporting and Governmental Fund Type Definitions, which changes the terminology and classifications used for fund balance reporting on balance sheets of Governmental Funds; and WHEREAS, the Finance Department has reviewed the new terminology and classifications; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Americans With Disabilities Special Revenue Fund be committed to support Americans With Disabilities; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Community Housing Special Revenue Fund be committed to support Community Housing; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Development Impacts Special Revenue Fund, also known as the "Big Box Fund", be committed to support community issues such as affordable housing and economic development; and Page 1 of 4 Resolution No, 4319, Adopting GASB Statement 54 for Special Revenue Funds WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Disaster Relief Special Revenue Fund be committed to support disaster relief efforts; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the City of Bozeman - Gallatin County Drug Forfeiture Special Revenue Fund be committed to support joint drug law enforcement efforts; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Fire Department Capital & Equipment Special Revenue Fund be committed to purchase buildings, vehicles, equipment, and property for the Fire Department; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Fish, Wildlife and Parks Management Special Revenue Fund be committed to support parks and recreation areas under joint management by the City of Bozeman and the State of Montana Fish, Wildlife and Parks Department; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Highway Safety Special Revenue Fund be committed to reducing the severity of accidents as well as reducing the number of accidents on all public roads and highways, including intersections; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Insurance Proceeds Special Revenue Fund be committed to the use of insurance claim reimbursements to repair or replace damaged or destroyed City property and equipment; and Page 2 of 4 Resolution No. 4319, Adopting GASB Statement 54 for Special Revenue Funds WHEREAS, the Finance Department recommends that the fund balance in the Law and Justice Lease Special Revenue Fund be committed to the allocation of the lease of space in the Gallatin County Law & Justice center for the City's Police Department and Municipal Court; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Parks Master Plan Development Fund be committed to support Park Improvement Grant projects, AND; WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Police D.A.R.E Special Revenue Fund be committed to support Drug Abuse Resistance Education; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Senior Transportation Special Revenue Fund be committed to support public transportation for senior citizens; and WHEREAS, the Finance Department recommends that the fund balance and all future revenues in the Story Mansion Special Revenue Fund be committed to support operating expenses of the Story Mansion; Page 3 of 4 Resolution No. 4319, Adopting GASB Statement 54 for Special Revenue Funds NOW THEREFORE BE IT RESOLVED that the City Commission of the City of Bozeman hereby accepts the aforementioned recommendations. PASSED AND APPROVED this 13"' day of June, 201 ' C If I, � 0 a AAT 47'r :U" 7 L 1) C ,P SULLIVAN Attorney Page 4 of 4 4 1y L L CW M Y CHANGES IN FUND BALANCE/WORKING CAPITAL -- ---- --------- - - - - -- ----------- -- ---- 12- - - - - -- - - __ - - -- -- - - ---- ------ - - - - -- Projected Beginning Estimated Appropriations Budgeted Ending Fund Balance! Revenues Fund Balance/ Working Capital Working Ca ltal # (General Fund 010 'General Fund 4,505,743 $ 23,587,268 $ 24,121,974 $ 3,971.037 ', Special Revenue Fronds 100 (Planning Fund 218,084 ! 727,260 657,504 287,840 103 iHealth- Medical Insurance 62,113 2,002,219 2,002,269 62,113 104 !Liability Insurance (17,714), - (17,714) 105 I P. E. R.S. Fund 22,601 _ . - 22,601 106 (Police Pension Fund 18,918 18,918 107 Fire Pension Fund _ 10,808 i - 10 _. 808 108 :Community Transportation 49,645 22.160 10,51,5 61,290 109 Highway Safety Improvement Projects 21,877 _ ............. 21,877 110 Gas Tax Apportionment 601,684 668,460 656,500 ,, 613,644 111 Street Maintenance District 237,219 4,197,972 3,883,679 551,512 112 Tree Maintenance 156,784 ! 431,500 439,452 148,832 113 Fire Impact Fee 17,500 150,000 167,500 µ__ 114 Street Impact Fee 7,589,881 700,000 .......... 879,400 7,410,481 115 Building Inspection Special Revenue 636,517 869,600 803,136 702,981 116 Dowtown Improvement District 656,312 1,100,158 1,242,878 513,592 118 HUD Projects - _ 119 Economic Development Loan Fund -.. _ 120 Community Horsing 319,432 50,000 40,000 329,432 121 Housing Revolving Loan Fund 63,219 7,000 14,400 55,819 122 (Blast Clean Up Loans - .1-25. Drug Forfeiture (65,832) 187,000 166,601 ' (45,433) 128 Fish Wildlife And Park Management Area: 26,635 26,635 129 (Special Projects - Recovery Act, ARRA _ - 130 Americans With Disability Act 4,210 - - 4,210 131 (Beautification Of Bozeman 1,389 1,389 133 !Recreation Department Special Revenue 17,330 1,000 1,000 17,330 135 (Cemetery Department Special Revenue 2,280 2,280 136 ;Park Department Special Revenue 10,270 5,500 1 12,000 3,770 137 Library Department Special Revenue 11,436 5,200 I 7,900 $,736 138 Law & Justice Center 445,374 20,000 425,374 139 Police Department Special Revenue 11 288,933 104,500: 82,322 311,111 140 Police Domestic Violence 1,250 1,250 142 Sustainabi6ity Grant 143 TI N 7th Corridor 23,545 274,000 505,000 (207,455) 144 'TIF 'NE Urban Renewal 116,5621 i 63,900 75,000 105,462 145 TIF Mandeville Industrial (172,853)! 34,000 - (138,853) 146 Lighting Dist.'s (146-170,181,182,200-224) 492,275 315,000 315,000 492,275 174 Victim Witness Advocate 369,091 76,000 113,020 332.071 175. Senior Transportation 31,018 j 82,400 82,400 31,018 176 Business Improvement District 3,588 114,000 114,000 3,588 177 Neighborhood Special Revenue 969 - 969 179 Diaster Relief Fund 87,560 2,000 - 89 „560 CHANGES IN FUND BALANCE/WORKING CAPITAL ----------------- --------------------- ---- - - - -FY 12s ---------------------------------------------- Projected Beginning Estimated !appropriations � Budgeted Ending _ Fund Balance/ Revenues _ Fund Balance/ Working Ca ital Working Ca ital 183 'Fire Department Special Revenue 32,569 - _ 32,569 184 'Parks Master Plan Develop 146,464 ! - 146 „464 185 Insurance Proceeds - - - 186 iDevelopment Impacts 655,722 8,000 I - 663,722 187 'Fire Department Equipment (122,117)1 334,600 - 212,483 188 (City /County Drug Forfeiture 263,592 , 55,000 ! - 318,592 189 ',Story Mansion Special Revenue 35,515 40,000 ! 34,675 40,840 191 ,Tourism BID 20,955 I - - 20,955 850 1 Park Land - Cash in Lieu 190,563 - 190,563 Total S ecial Revenue Funds 13 12 628 429 12 326 101 13.841 217 # Debt Service Funds 300 .Special Improvement District Revolt', Fund 1,228,196 '; 20,000 - 1,248,196 301 ,Library Bonds 192,143 1 314,849 316,132 190,860 302 !Bond P & 11995 Transportation Projects (237,611)! 469,088 428,066 (196,589) 305 ITIF 2007 Downtown Bonds (3,384)1 424,878 424,878 (3,384) 3101SID Funds 2,096,424 1,500,000 1,500,000 2,096,424 Dotal Debt Service Funds 3,275,768 ! 2,728,815 2,669,076 3,335 „507 ; Construction Funds Capital Projects - - - Pntergrise_Funds 600 ,Water 10,916 „509 6,127,297 14,542,098 2,501,708 610 Water Impact Fee - Net Assets 7,791,746 ! 475,000 5,250,000 3,016,746 620 'Waste Water 6,698,497 6,253,452 7,021,864 j 5,930,085 630 Waste Water Impact Fee -Net Assets - 404,000 404 „000 - 640 Solid Waste 752,500 2,496,811 2,587,042 , 662,269 650 ,Parkin Enterprise 22,639 336,35f1 392,690 78,979 ',Total Enterprise Funds 26,136,613 16,092,910 30,197,694 12,031,829 internal Service Funds 710 - "Vehicle Maintenance Shop 37,240 794,164 748,716 82,688 720 iHealth- M®dicat Self - Insurance Fund (18,055)1 i 3,480,000 ( i 3,490,000 _ (28,055) �Total Internal Service Funds 19,185 ( 4,274,164 4,238,716 t 54,633 Permanent Funds I _ 800 (Cemete Per etual Care 581,071 92 „000 -_. 673,071 !Total Permanent Funds 581,071 92,000 ?; - ( 673,071 'Total All Funds 48,057,269 59,403,586 73,553,561 1 33,907,294 49 FY12 City Manager's Recommended Budget City of Bozeman, Montana z � °z Z2 Do W 0 m f1 ' O O O N 000000000000000000000000000000 w W > - W W.w W W W W W w W W W Z Z Z Z Z Z. 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