Document Butte_doc_1f6d9ce4fd

City and County Of Butte-Silver Bow, State of Montana Comprehensive Annual Financial Report For Fiscal Year Ended June 30, 2009 ---PAGE BREAK--- City and County of Butte-Silver Bow, State of Montana Comprehensive Annual Financial Report For Fiscal Year Ended June 30, 2009 Prepared by: Office of Finance and Budget Administration ---PAGE BREAK--- ---PAGE BREAK--- City and County of Butte-Silver Bow Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2009 TABLE OF CONTENTS Page I. INTRODUCTORY SECTION Letter of 1 Government Finance Officers Association Certificate of Achievement……………………………… 6 Organizational 7 List of Elected Officials and Department 8 II. FINANCIAL SECTION Independent Auditor's 9 Management's Discussion and 11 Basic Financial Statements: Government-wide Financial Statements: Statement of Net 24 Statement of 25 Financial Statements: Balances Sheet - Governmental 28 Reconciliation of the Governmental Funds Balance Sheet to the Government-wide Statement of Net 29 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental 30 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Governmental-wide Statement of Activities…………...…………… 31 General Fund 32 Ramsay 34 Statement of Net Assets - Proprietary 36 Statement of Revenues, Expenses and Changes in in Fund Net Assets - Proprietary 39 Statement of Cash Flows - Proprietary 40 Statement of Fiduciary Net Assets - Fiduciary 43 Statement of Changes in Fiduciary Net Assets - Investment Trust 44 Notes to the Basic Financial 45 Combining and Individual Fund Statements and Schedules: Combining Balance Sheet - Nonmajor Governmental 81 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental 82 Combining Balance Sheet - Nonmajor Special Revenue 83 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue 89 Schedules of Revenues, Expenditures, and Changes in Fund Balances-Budget and Actual Combined Special Improvement 95 Divide 96 Melrose 97 SID #1025 Blacktail Loop 98 99 100 Noxious 101 Parking 102 iii ---PAGE BREAK--- Page District Court 103 Civic Center Bond 104 105 106 Public 107 Economic Development 1 Mill 108 Economic Development 109 110 111 Senior 112 Developmentally 113 Damages and 114 115 Comprehensive 116 Crime 117 Land 118 Junk 119 Arco Planning Grant Silver Bow Creek Greenway 120 Super Water Quality 121 122 Uptown 123 Urban Revitalization Agency Economic Development………………………………………… 124 Community 125 Hard Rock Mine Trust 126 Community Development Block Grant Projects 127 MT Pole Institutional 128 911 Emergency 129 Community Transportation Enhancement Program 130 Department of Natural Resource & Conservation 131 Local Law Enforcement Block 132 Clark Tailings Operations & Maintenance 133 PIT Watch ED 134 Arco Historic Preservation 135 East Butte 136 County Land 137 Department of Justice 138 Montana Historical Preservation 139 Super Health Studies 140 ARCO Superfund Land Management/GIS 141 Anaconda-ARCO Community 142 ARCO Lead 143 Superfund Residential Metals 144 Natural Resource Damages Program Greenway Projects 145 East Butte RRA Revolving Loan 146 ARCO Redevelopment Trust 147 ARCO Superfund Stormwater Capital Improvement 148 RTP Grants 149 Combining Balance Sheet - Nonmajor Debt Service 150 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Debt Service 151 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Tax Increment Bond 152 SID Revolving 153 Civic Center Bond Issue 154 LEA Detention Center & Administration Project 155 iv ---PAGE BREAK--- Page Ladder Truck Bond 156 Archives 157 ASiMI Bond 158 Combining Balance Sheet - Nonmajor Capital Projects 159 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Capital Projects 160 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Capital Improvements 161 Hard Rock Mine Capital Trust 162 Highway Abandonment 163 Junk Vehicle Capital Improvement 164 Silver Lake Water Distribution System Improvements 165 Civic Center Renovation 166 Detention Center & LEA Administrative Project 167 Archives Building Project 168 Combining Statement of Net Assets - Nonmajor Enterprise 169 Combining Statement of Revenues, Expenses and Changes in Fund Net Assets Nonmajor Enterprise 170 Combining Statement of Cash Flows - Nonmajor Enterprise 171 Combining Statement of Cash Flows - Nonmajor Proprietary 172 Combining Statement of Net Assets - Internal Services 174 Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets - Internal Service 175 Combining Statement of Cash Flows - Internal Service 176 Combining Statement of Fiduciary Net Assets Trust 179 Combining Statement of Changes in Fiduciary Net Assets - Trust 180 Statement of Changes in Fiduciary Assets and Liabilities.……………………………………. 181 STATISTICAL SECTION 185 v ---PAGE BREAK--- ---PAGE BREAK--- Introductory Section ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- Citizens of Butte-Silver Bow Chief Executive Council of Commissioners OTHER ELECTED OFFICIALS County Attorney Assessor Auditor Clerk & Recorder Coroner Public Administrator Sheriff Supt of Schools Treasurer Clerk of Court District Court Judge Justice of the Peace City Court Judge Department Heads, Boards & Commissions Appointment Approval Legislation & Policies Legal Counsel PUBLIC WORKS Water Utility Road Bridge Transit Metro Sewer Solid Waste Traffic Control Parks Animal Control COMMUNITY DEVELOPMENT URA BDC TIFID Building & Code Planning Extension Agency PUBLIC SAFETY Law Enforcement Detention Center Fire Dept of Emergency Services Parking FINANCE & RECORDS Treasurer Auditor Clerk & Recorder Elections Budget MIS Personnel Assessor COMMUNITY SERVICES Health Library Archives Recreation Civic Center Gov’t Dev Disabled LEGAL & JUDICIAL County Attorney Public Administrator Clerk of Court District Court Justice Court City Court Coroner Probation Law Library City & County of Butte-Silver Bow Organizational Chart 7 ---PAGE BREAK--- City and County of Butte-Silver Bow City and County Officials June 30, 2009 Title Name Chief Executive Paul David Babb Council of Commissioners Council Chairman-District No.12 Dave Palmer Council Member-District No. 1 Glen Granger Council Member-District No. 2 Joseph E..Lee Council Member-District No.3 John P. Morgan Council Member-District No.4 Terry L. Schultz Council Member-District No.5 Charlie O’Leary Council Member-District No.6 Wally Frasz Council Member-District No.7 Mark Moodry Council Member-District No.8 Ristene Hall Council Member-District No.9 Dan Foley Council Member-District No.10 Mike Sheehy Council Member-District No.11 Cindi Shaw Department Staff Finance & Budget Director Jeff Amerman Personnel Director Lindsey Ide Planning Director/Superfund Coord. Jon Sesso Civic Center Manager Bill Melvin Fire Coordinator Jeffery Miller Public Works Director Dan Dennehy Health Director Theresa Hocking URA/Community Develop. Director Karen Byrnes Management Information Director Linda Sajor-Joyce Elected Officials County Attorney Eileen Joyce Treasurer Patrick Callaghan Sheriff John Walsh Clerk & Recorder Sally Hollis Clerk of Courts Lori Maloney Auditor Danette Harrington Superintendent of Schools Cathy F Maloney Coroner Lee LaBreche Public Administrator Jeanne Joki Tanner Assessor Dan Fisher 8 ---PAGE BREAK--- Financial Section ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 11 MANAGEMENT’S DISCUSSION AND ANALYSIS Within this section of the City and County of Butte-Silver Bow, Montana’ (the City and County) comprehensive annual financial report, the City and County’s management is pleased to provide this narrative discussion and analysis of the financial activities of the City and County for the fiscal year ended June 30, 2009. We discuss and analyze the City and County’s financial performance within the context of the accompanying financial statements and disclosures following this section. Financial Highlights • The City and County’s assets exceeded its liabilities by $162,882,951 (net assets) for the fiscal year reported. • Total net assets are comprised of the following: Capital assets, net of related debt, is $88,624,162, which includes property and equipment, net of accumulated depreciation, and reduced for outstanding debt related to the purchase or construction of these capital assets. Net assets of $10,008,727 are restricted by constraints imposed from outside the City and County such as debt covenants, grantors, laws, or regulations. Unrestricted net assets of $62,420,498 represent the portion available to maintain the City and County’s continuing obligations to citizens and creditors. • The City and County’s governmental funds reported total ending fund balance of $55,114,888 this year. This compares to the prior year ending fund balance of $50.172.107 showing a substantial increase of $4,942,781 during the current fiscal year. Unreserved fund balance of $40,979,939 at June 30, 2009 shows a $2,810,115 increase from the prior year. • At the end of the current fiscal year, unreserved fund balance for the general fund was $4,193,244, or 20.7% of total general fund expenditures in fiscal year 2009. • Overall, the City and County continues to maintain a strong financial position, in spite of a somewhat depressed, although recovering economy. The above financial highlights are explained in more detail in the “financial analysis” section of this document. Overview of the Financial Statements This Management Discussion and Analysis document introduces the City and County’s basic financial statements. The basic financial statements include: government-wide financial statements, fund financial statements, and notes to the basic financial statements. The City and County also includes in this report additional information to supplement the basic financial statements. Government-wide Financial Statements The City and County’s annual report includes two government-wide financial statements. These statements provide both long-term and short-term information about the City and County's overall financial status. Financial reporting at this level uses a perspective similar to that found in the private sector with its basis in accrual accounting and elimination or reclassification of activities between funds. The first of these government-wide statements is the Statement of Net Assets. This is the government-wide statement of position presenting information that includes all of the City and County’s assets and liabilities, with the difference reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the City and County as a whole is improving or deteriorating. Evaluation of the overall health of the City and County would extend to other nonfinancial factors such as diversification of the taxpayer base or the condition of City and County infrastructure, in addition to the financial information provided in this report. ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 The second government-wide statement is the Statement of Activities, which reports how the City and County’s net assets changed during the current fiscal year. All current year revenues and expenses are included regardless of when we receive or pay out cash. An important purpose of the design of the statement of activities is to show the financial reliance of the City and County's distinct activities or functions on revenues provided by the City and County's taxpayers. Both government-wide financial statements distinguish governmental activities of the City and County that are principally supported by property taxes and from business-type activities that are intended to recover all or a significant portion of their costs through user fees and charges. Governmental activities include general government, public safety, public works, public health, social and economic services, housing and community development and culture and recreation. Business-type activities primarily include the water, sewer and solid waste. The internal service funds are reported with governmental activities at the government-wide financial reporting level. The government-wide financial statements include one discretely presented component unit, the Port of Montana Port Authority. This Authority issued separate financial statements and a copy is available from the City and County. The government-wide financial statements are presented on pages 24 & 25 of this report. Fund Financial Statements A fund is an accountability unit used to maintain control over resources segregated for specific activities or objectives. The City and County uses funds to ensure and demonstrate compliance with finance-related laws and regulations. Within the basic financial statements, fund financial statements focus on the City and County’s most significant funds rather than the City and County as a whole. Major funds are separately reported while all others are combined into a single, aggregated presentation. Individual fund data for nonmajor funds is provided in the form of combining statements in a later section of this report. The City and County has three kinds of funds: Governmental funds are reported in the fund financial statements and encompass the same functions reported as governmental activities in the government-wide financial statements. However, the focus is very different with fund statements providing a distinctive view of the City and County’s governmental funds. These statements report short-term fiscal accountability focusing on the use of spendable resources and balances of spendable resources available at the end of the year. They are useful in evaluating annual financing requirements of governmental programs and the commitment of spendable resources for the near-term. Since the government-wide focus includes the long-term view, comparisons between these two perspectives may provide insight into the long-term impact of short-term financing decisions. Both the governmental fund balance sheet and the governmental fund operating statement provide a reconciliation to assist in understanding the differences between these two perspectives. The budgetary comparison statements are included as “basic financial information” for the general fund and one major special revenue fund, the Ramsey TIFID Fund. The basic governmental fund financial statements are presented on pages 28-31 of this report. Individual fund information for nonmajor governmental funds is found in combining statements in a later section of this report. 12 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 Proprietary funds are reported in the fund financial statements and generally report services for which the City and County charges customers a fee. The City and County proprietary funds are classified as enterprise funds and internal service funds. These enterprise funds essentially encompass the same functions reported as business-type activities in the government-wide statements. Services are provided to customers external to the City and County for a variety of services, primarily utility services. The basic enterprise fund financial statements are presented on pages 39-41 of this report. Fiduciary funds are classified as Agency Funds and Investment Trust Funds. These funds are reported on pages 43-44 of this report. Notes to the Basic Financial Statements The accompanying notes to the basic financial statements provide information essential to a full understanding of the government-wide and fund financial statements. The notes to the basic financial statements begin on page 45 of this report. Supplementary Information In addition to the basic financial statements and accompanying notes, this report also presents certain supplementary information concerning the City and County's budget presentations. Budgetary comparison schedules for the nonmajor special revenues funds and the other governmental funds can be found in the supplementary section of this report. These schedules demonstrate compliance with the City and County’s adopted and final revised budget. In addition, combining statements and schedules for nonmajor funds, including budgetary schedules, are presented in this section of this report beginning on page 73. (This page continued on the subsequent page) 13 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 Financial Analysis of the City and County as a Whole The City and County’s net assets at fiscal year-end are $162,882,951. The following table provides a summary of the City and County’s net assets comparing June 30, 2009 with June 30, 2008: 2009 2008 2009 2008 2009 2008 2009 2008 Assets: Current assets 61,952 $ 58,948 $ 18,556 $ 16,118 $ 80,508 $ 75,066 $ 37% 36% Capital assets 77,797 72,600 61,727 63,018 139,524 135,618 63% 64% Total assets 139,749 131,548 80,283 79,136 220,032 210,684 100% 100% Liabilities: Current liabilities 8,133 7,635 3,306 3,699 11,439 11,334 20% 21% Long-term liabilities 37,922 33,017 7,788 10,792 45,710 43,809 80% 79% Total liabilities 46,055 40,652 11,094 14,491 57,149 55,143 100% 100% Net assets: Invested in capital assets, net of debt 38,442 38,272 50,182 43,758 88,624 82,030 54% 53% Restricted 8,446 5,053 3,392 8,236 11,838 13,289 7% 9% Unrestricted 46,806 47,571 15,615 12,651 62,421 60,222 38% 39% Total net assets 93,694 $ 90,896 $ 69,189 $ 64,645 $ 162,883 $ 155,541 $ 100% 100% Summary of Net Assets (dollars in thousands) Governmental Activities Business-Type Activities Total % of Total The City and County continues to maintain a high current ratio. The current ratio compares current assets to current liabilities and is an indication of the ability to pay current obligations. The current ratio for governmental activities is 7.6 to 1 (as compared to 7.7 to 1 at June 30, 2008) and 5.6 to 1 (as compared to 4.4 to 1 at June 30, 2008) for business type activities. For the City and County overall, the current ratio is 7 to 1 (as compared to 6.6 to 1 at June 30, 2008). These ratios are strong. The classification of assets and liabilities between current and non-current as a percentage, is very similar in both years presented. The City and County reported positive balances in total net assets for both governmental and business-type activities. Net assets for governmental activities increased $2,797,875 in this fiscal year as compared to a $4,145,984 increase in fiscal year 2008. Net assets increased $4,544,073 in fiscal year 2009 as compared to an increase of $3,553,087 for business-type activities in fiscal year 2008. The City and County's overall financial position improved during fiscal year 2009 by $7,341,949. Note that approximately 41% of the governmental activities’ assets are tied up in capital as compared to 42.1% at June 30, 2008. The City and County uses these capital assets to provide services to its citizens. However, with business type activities, the City and County has spent approximately 72.5% of its assets and 67.7% of its total net assets on capital. Capital assets in the business-type activities provide utility services, and they generate revenues for these funds. The following table provides a summary of the City and County’s changes in net assets: 14 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 The following chart reports the total net asset balances from fiscal year 2003 - 2009. Note that over the last six years, total net assets continue to increase, which is a positive financial indicator. The large increase in fiscal 2007 relates to the addition of infrastructure retroactively. (This page continued on the subsequent page) 15 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 The following table presents the details of the changes in net assets for fiscal years 2009 and 2008. 2009 2008 2009 2008 2009 2008 Revenues: Program: Charges for services & fines 6,757 $ 6,742 $ 13,457 $ 13,707 $ 20,214 $ 20,449 $ Operating grants 16,605 13,408 4,419 3,247 21,024 16,655 Capital grants - 754 - - - 754 General: Taxes 23,626 23,056 - - 23,626 23,056 Investment earnings 938 2,146 258 726 1,196 2,872 Other 873 569 215 360 1,088 929 Total revenues 48,799 46,675 18,349 18,040 67,148 64,715 Program expenses: General government 10,866 10,226 - - 10,866 10,226 Public safety 14,106 12,871 - - 14,106 12,871 Public works 6,602 6,138 - - 6,602 6,138 Public health 4,141 3,407 - - 4,141 3,407 Social and economic services 237 216 - - 237 216 Culture and recreation 2,815 2,729 - - 2,815 2,729 Housing and community development 5,272 5,109 - - 5,272 5,109 Interest 2,168 2,132 - - 2,168 2,132 Water Utility Division - - 7,106 7,145 7,106 7,145 Metro Sewer Operations - - 3,415 3,448 3,415 3,448 Solid Waste - - 2,027 2,097 2,027 2,097 Other enterprise activities - - 1,051 1,498 1,051 1,498 Total expenses 46,207 42,828 13,599 14,188 59,806 57,016 Excess (deficiency) 2,592 3,847 4,750 3,852 7,342 7,699 Transfers 206 299 (206) (299) - - Change in net assets 2,798 4,146 4,544 3,553 7,342 7,699 Beginning net assets 90,896 86,750 64,645 61,092 155,541 147,842 Ending net assets 93,694 $ 90,896 $ 69,189 $ 64,645 $ 162,883 $ 155,541 $ Summary of Changes in Net Assets (in Thousands) Governmental Activities Business-type Activities Total 16 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 GOVERNMENTAL REVENUES The City and County is heavily reliant on property taxes to support governmental operations. Property taxes equal 46.4% of the revenues for governmental activities, as compared to 49.4% in fiscal year 2008. Because of the City and County’s healthy financial position, we have been able to earn $938 thousand in investment earnings to support governmental activities. Also, note that program revenues cover 50.6% of governmental operating expenses as compared to 48.8% in fiscal year 2008. These are extremely high percentages. This means that the government’s taxpayers and the City and County’s other general revenues fund only 49.4% of the governmental activities in fiscal year 2009. GOVERNMENTAL FUNCTIONAL EXPENSES Public safety costs comprise 30.5% of the total governmental expenses, as compared to 30.1% in fiscal year 2008. These public safety costs increased 9.6% or by approximately $1,235,000 at the government-wide financial reporting level. General government expenses makes up 23.5% of the total governmental expenses, as compared to 23.9% in fiscal year 2008. Public works is the third largest costly function, totaling over $6.6 million or 14.3% of total expenses the same 14.35% in fiscal year 2008. The following table presents the cost of each of the City and County’s programs, including the net costs total cost less revenues generated by the activities). The net costs illustrate the financial burden that was placed on the City and County’s taxpayers by each of these functions. Total Cost Net Cost Total Cost Net Cost of Services of Services of Services of Services General government 10,866,213 $ (1,385,609) $ 10,226,319 $ 480,201 $ Public safety 14,105,614 10,919,859 12,870,631 9,873,957 Public works 6,601,992 3,608,687 6,138,150 2,916,307 Public health 4,141,100 1,048,768 3,407,409 934,045 Social and economic services 236,774 202,333 216,137 182,843 Culture and recreation 2,815,238 2,152,665 2,729,001 2,073,675 Housing and community development 5,272,460 4,130,710 5,108,680 3,331,686 Interest 2,167,905 2,167,905 2,131,812 2,131,812 Total 46,207,295 $ 22,845,317 $ 42,828,139 $ 21,924,526 $ Governmental Activities Fiscal Year 2009 Fiscal Year 2008 As indicated, we finance a large percentage of the City and County’s costs through program revenues. Of the net costs to taxpayers, public safety makes up over 45% of the total amount as compared to 47% in fiscal year 2008. Note that general government program revenues exceed net costs by approximately $1.4. BUSINESS-TYPE ACTIVITIES In total, the enterprise funds reported a $4,544,073 increase in net assets as compared to $3,553,087 in fiscal year 2008. Operating income in fiscal year 2009 of about $780,000 is down about $200,000 or 26.2% from fiscal year 2008. Operating revenue is down $316,271 from fiscal year 2008 or 2.3%. Operating expenses were $111,216 less than fiscal year 2008, or less than The explanations for these changes are highlighted in the proprietary fund section below. 17 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 Financial Analysis of the City and County’s Funds Governmental Funds As discussed, governmental funds are reported in the fund statements with a short-term, inflow and outflow of spendable resources focus. This information is useful in assessing resources available at the end of the year in comparison with upcoming financing requirements. Governmental funds reported ending fund balances of $55,114,888. Of this year-end total, $40,979,939 is unreserved indicating availability for continuing City and County service requirements. This amount compares to $38,169,824 at June 30, 2008. Legally restricted fund balances the reserved fund balances) include $3.795.510 committed to service debt, $802,002 set aside for an accumulation of reserve pursuant to state law, and $3,848,433 committed to economic development. In addition, $3,542,543 is not available to spend as it is tied up in long- term loans; $2,007,968 is set aside for self-funded employee health insurance and $138,493 for code enforcement activities. The total ending fund balances of governmental funds show an increase of $4,942,781 or 9.9% over the prior year. A large portion of this increase relates to the Archives fund or $5,512,685. Major Governmental Funds The General Fund - The general fund is the City and County’s primary operating fund and the largest source of day-to-day service delivery. The general fund’s fund balance decreased by $93,705 or just 1.5%. In fiscal year 2008, the fund balance decreased by $41,850. The general fund’s ending unreserved fund balance of $4,193,244 is considered adequate, representing the equivalent of 20.7% of annual expenditures. This percentage compares to 24% at June 30, 2008. Although the change is not significant, this is the second year in a row that this amount decreased. Maintaining an unreserved fund balance in the general fund is necessary in order to provide for cash flow problems and provide resources for unforeseen emergency expenditures. Total revenues increased $1,022,334 or 5.3% over fiscal year 2008. In fiscal year 2008, total revenues increased 6.3%. Real property tax revenues increased $1,013,676 or 14.5% above the prior year. This increase relates to combination of an increased mill value and increased appropriations in the tax supported funds Charges for services increased $129,642 over fiscal year 2008, primarily for the health department. Investment earnings were down $528,347 from fiscal year 2008. This decrease relates to lower investment interest rates and fewer resources available for investment. Most other general fund revenues were comparable to fiscal year 2008 amounts. The expenditures side reports an increase of $1,179,096 or 6.2% over the prior year. General government expenditures were approximately $8 million, for an increase of $341,569 or about 4.4%. This increase is due in large part to employee salary increases resulting from the Fox Lawson Compensation study implementation. Public safety costs increased $437,036 or 5.4% over fiscal year 2008. The primary increase relates to salary increases resulting from the above referenced study and substantial overtime due to some large fires. Most other functional expenditures were similar to those amounts reported in fiscal year 2008. Other Major Governmental Funds - The City and County maintains a large number of individual funds, either because they are legally mandated or considered necessary to track the costs of certain programs. The City and County reports one other major governmental fund (other than the general fund) as described briefly below: • Ramsay TIFID Industrial Fund – This fund accounts for the tax collection and economic development activities of the tax increment financing industrial district, located just southwest of the intersection of I-90 and I-15 near the town of Ramsey. 18 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 Ramsey TIFID Fund – The revenues consist primarily of property taxes and investment earnings, totaling $5,245,465 and $213,021 respectively. Property taxes were $763,879 above those of fiscal year 2008. This increase relates to an increase in values due to significant improvements to the REC facilities. Before transfers out, this fund incurred expenditures of $5,016,396. The majority of these expenditures relate to Property Development & Engineering Costs and the construction of the Sea Cast Building. This fund transferred the majority of their revenues, $3,773,061 to the ASiMI bond fund to retire related revenue bonds. The fund balance in this fund decreased $3,164,065 because of the expenditures and the above transfer. In addition, this fund transferred $42,920 to the general fund to cover some of the costs of accounting, budgeting and tax services provided by the general fund to this fund and transferred $15,000 to a nonmajor enterprise fund. The ending fund balance in this fund totals $10,185,111. Proprietary Funds The proprietary fund statements share the same focus as the government-wide statements, reporting both short-term and long- term information about financial status. The City and County maintain eight such funds, with the three major funds being the Water Utility Division, the Metro Sewer Operations and the Solid Waste program. During the year, these three funds transferred cash to the General Fund in the amounts of $100,000, $150,000 and $50,000, respectively. These transfers relate to numerous administrative services provided by the General Fund. Water Utility Division - The operating revenues in fiscal year 2009 decreased $103,259 or 1.4% from the prior fiscal year. Operating expenses were just $46,768 or less than 1% more than fiscal year 2008. Because of these changes, the operating income for this fund is $150,027 or 21.9% less than fiscal year 2008. This fund reported intergovernmental revenue of over $4.2 million relates to the natural resources damages program. The State of Montana sued Arco in 1983 to recover damages for injuries to natural resources caused by historic mining and smelting operations in Butte and Anaconda. This grant relates to the resources recovered. Typically, these resources are spent on water line replacement. The unrestricted net assets of this fund increased over $2.4 million over the June 30, 2008 amount, which now is over $3.4 million. Metro Sewer Operations – For the 4th year in a row, the operating revenue in fiscal year 2009 were very close to the prior fiscal year amount. Operating expenses were almost identical to the 2008 amount as well. As a result, this fund reported an operating loss of $237,422. However, because of investment earnings and operating grants, the fund reported a total increase in net assets of $42,244 before transfers out of $150,000. At June 30, 2009, this fund reported $14,821,494 in net assets. Solid Waste Program – The operating revenue in fiscal year 2009 was down $131,154 or 5% from the prior fiscal year. Operating expenses were down $69,547 or 3.3% from fiscal year 2008. As a result, operating income was down $61,607 or 11.6%. Total net assets increased $489,178 over fiscal year 2008. General Fund Budgetary Highlights The total revenue budget was amended upward $447,105 or 2.3% and the total expenditure appropriation was amended upward by $80,245. In total, revenues realized were $67,149 above projected revenues. Real and personal property taxes were $303,487 above the final budget amount. The motor vehicle taxes were below budget by $228,485. Intergovernmental revenue was $323,005 above the final budget or 7.1%. This difference relates to the payment in lieu of taxes from the Forest Services, which was substantially over the anticipated budget. 19 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 Investment earnings were $388,162 or 73.8% below budget, due to lower interest rates than projected. In total, 100.3% of the final revenue budget was recognized. On the expenditure side, only 93.2% of the budget was expended, above the under spending in fiscal year 2008. The general government function was below the estimated appropriation by over $1 million. This difference relates primarily to conservative budgets. Capital outlay was below budget by $130,300 due to the following: • An animal control truck was not purchased ($21,000) • Land was not purchased as planned ($30,000) • A security system was not purchased ($50,000) Capital Assets and Debt Administration Capital Assets The City and County's investment in capital assets, net of accumulated depreciation, for governmental and business-type activities as of June 30, 2009, was $77,483,719 and $59,190,033 respectively. The net investment in the governmental activities increased by approximately $4.9 million and the business-type activities increased approximately $3.6 million as compared to the June 30, 2008 balances. See Note 3-D for additional information about changes in capital assets during the fiscal year and outstanding at the end of the year. (This page continued on the subsequent page) 20 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 The following table provides a summary of capital assets at June 30, 2009 and 2008. 2009 2008 2009 2008 2009 2008 Non-depreciable assets: Land 3,933,774 $ 3,905,689 $ 1,299,935 $ 1,299,935 $ 5,233,709 $ 5,205,624 $ Construction in progress 2,235,210 961,810 3,595,594 - 5,830,804 961,810 Total non-depreciable 6,168,984 4,867,499 4,895,529 1,299,935 11,064,513 6,167,434 Depreciable assets: Buildings 26,144,239 22,168,212 27,624,131 27,615,592 53,768,370 49,783,804 Improvements other than buildings 7,009,115 6,179,883 60,968,380 58,452,604 67,977,495 64,632,487 Machinery and equipment 18,303,820 16,663,185 9,165,900 8,416,186 27,469,720 25,079,371 Infrastructure 62,251,338 60,825,325 - - 62,251,338 60,825,325 Total depreciable assets 113,708,512 105,836,605 97,758,411 94,484,382 211,466,923 200,320,987 Less accumulated depreciation 42,393,778 38,135,166 43,463,907 40,235,663 85,857,685 78,370,829 Book value - depreciable assets 71,314,734 67,701,439 54,294,504 54,248,719 125,609,238 121,950,158 Percentage depreciated 37% 36% 44% 43% 41% 39% Total capital assets net 77,483,718 $ 72,568,938 $ 59,190,033 $ 55,548,654 $ 136,673,751 $ 128,117,592 $ Governmental Activities Business Activities Total Capital Assets At June 30, 2009, the depreciable capital assets for governmental activities were 37% depreciated. This amount is just 1% more than the June 30, 2008 percentage. With the City and County’s business type activities, 44% of the asset values were depreciated at June 30, 2009 compared to 43% at June 30, 2008. In both instances, the minimal change in the percentage depreciated is a positive indicator. The $3.9 million increase in the governmental activities buildings relates to the completion of the Sea Cast facility. The $1.8 million increase in the investment in machinery and equipment relates to: • Jet truck ($325,000) • Police cruisers ($131,000) • Pumper fire trucks ($700,000) The $1.4 million increase in infrastructure relates to the redesign and reconstruction of a creek (the Greenway project). The majority of the construction in progress account is the Archives building renovation and construction project. Long-term Debt At the end of the fiscal year, the City and County had total long-term debt outstanding of $51,697,734. Of this amount, $20,943,336 is backed by the full faith and credit of the City and County (general obligation bonds and notes) with debt service fully funded by voter-approved property taxes. The other major component is $17,450,000 supported by tax increment financing. 21 ---PAGE BREAK--- MANAGEMENT'S DISCUSSION AND ANALYSIS (Unaudited) City and County of Butte-Silver Bow, Montana As of and For the Year Ended June 30, 2009 The following schedule includes the June 30, 2009 and 2008 outstanding long-term debt. Outstanding Borrowings % Change 2009 2008 2009 2008 2009 2008 General obligation bonds 19,686,844 $ 12,887,058 $ - $ - $ 19,686,844 $ 12,887,058 $ 52.8% Tax increment debt 17,450,000 19,200,000 - - 17,450,000 19,200,000 -9.1% Revenue bonds - - 9,525,000 12,440,000 9,525,000 12,440,000 -23.4% Notes - - - 39,065 - 39,065 -100.0% General obligation notes 1,256,492 1,512,861 - - 1,256,492 1,512,861 -16.9% SID bonds 240,000 280,000 - - 240,000 280,000 100.0% Capital leases 386,274 416,774 - - 386,274 416,774 -7.3% Post closure - - 210,374 187,330 210,374 187,330 12.3% Compensated absences 2,351,498 2,284,549 591,252 554,825 2,942,750 2,839,374 3.6% Total 41,371,108 $ 36,581,242 $ 10,326,626 $ 13,221,220 $ 51,697,734 $ 49,802,462 $ 3.8% Totals Governmental Activities Business-type Activities During this year, the City and County used general obligation bond proceeds for the construction of an archives building. See Note 3-H for additional information about the City and County’s long-term debt. Economic Conditions Affecting the City and County The City and County is located in southwestern Montana with Butte being the county seat. Our county is the smallest county in the state in square miles. The economy of the City and County historically has been based on mining and mineral extraction and the industries they spawned. However, the economy has diversified over the years and in the most recent few years has experienced significant changes. Local businesses are expanding facilities and services, particularly in the areas of engineering and research and development. Fortunately, the housing and mortgage problems facing the rest of the nation have not impacted the local real estate market. The realty sector of the community reports that the City and County real estate market remains strong. Although the worldwide recession has caused a significant drop in the price of copper, Montana Resources, Inc. continues operations and remains a major employer in the area. The City and County serves as the regional trade and medical center for southwestern Montana and it is unique from a transportation infrastructure standpoint in that it is the only location in the state that is at the intersection of the interstate highway system (I-90 and I-15) and is the only area in the state that is served by two railroads, the Union Pacific and Burlington Northern & Santa Fe. Contacting the City and County’s Financial Management This financial report is designed to provide a general overview of the City and County’s finances, comply with finance- related laws and regulations, and demonstrate the City and County’s commitment to public accountability. If you have questions about this report or would like to request additional information, contact the City and County’s Finance and Budget Director at the Butte-Silver Bow Courthouse, Butte, Montana or call 406/497-6320. 22 ---PAGE BREAK--- Basic Financial Statements 23 ---PAGE BREAK--- Statement of Net Assets Primary Government Component Unit Governmental Business-Type Port of Montana Activities Activities Total Port Authority Assets Current Assets Cash and cash equivalents (Note 3A) 13,082,990 $ 2,571,780 $ 15,654,770 $ 1,171,786 $ Investments 31,893,814 11,228,122 43,121,936 - Receivables (Note 3B): Accounts 3,393,493 3,581,382 6,974,875 150,055 Property taxes 1,877,290 - 1,877,290 16,878 Special assessments 660,942 1,243,654 1,904,596 - Notes 3,563,921 - 3,563,921 16,048 Interfund 225,529 (225,529) - - Primary government - - - 38,541 Inventory (Note 1-E-4) - 6,706 6,706 8,886 Prepaid items - 10,194 10,194 9,530 Restricted assets (Note 1-E-5) 7,254,297 139,498 7,393,795 - Total Current Assets 61,952,276 18,555,807 80,508,083 1,411,724 Non-Current Assets Notes receivable 47,983 Restricted investments - 2,364,784 2,364,784 - Capital assets (Note 3D) Nondepreciable 6,266,989 4,895,529 11,162,518 353,252 Depreciable, net 71,314,735 54,294,504 125,609,239 3,613,892 Other assets - deferred bond issuance costs 215,599 171,808 387,407 - Total Non-Current Assets 77,797,323 61,726,625 139,523,949 4,015,127 Total Assets 139,749,599 80,282,432 220,032,031 5,426,851 Liabilities Current Liabilities Vouchers payable 1,424,403 195,046 1,619,449 - Accounts payable 275,307 147,181 422,488 15,476 Contracts payable - 109,180 109,180 - Accrued wages and benefits payable 1,245,865 249,572 1,495,437 54,736 Performance bonds payable 54,111 - 54,111 - Accrued interest payable 1,084,174 145,753 1,229,927 Unearned revenue 166,725 297,679 464,404 3,375 Revenue bonds payable - 1,580,000 1,580,000 - Closure and postclosure care payable - 5,259 5,259 - Compensated absences payable 1,003,040 576,123 1,579,163 39,806 Claims payable 313,870 - 313,870 - General obligation bonds payable 875,214 - 875,214 - General obligation notes payable 268,072 - 268,072 - Tax increment bonds payable 1,350,000 - 1,350,000 - Special improvement districts bonds payable 40,000 - 40,000 - Capital leases payable 32,154 - 32,154 - Total Current Liabilities 8,132,935 3,305,793 11,438,728 113,393 Long-Term Liabilities (net of current portion): Customer deposits - 119,808 119,808 - Accrued interest payable - customer deposits - 19,690 19,690 - Closure and postclosure care payable - 205,115 205,115 - Revenue bonds payable - 7,428,158 7,428,158 - Compensated absences payable 1,348,457 15,127 1,363,584 54,798 General obligation bonds payable 18,931,457 - 18,931,457 - General obligation notes payable 988,420 - 988,420 - Tax increment bonds payable 16,100,000 - 16,100,000 - Special improvement districts bonds payable 200,000 - 200,000 - Capital leases payable 354,120 - 354,120 - Total Long-Term Liabilities 37,922,454 7,787,898 45,710,352 54,798 Total Liabilities 46,055,389 11,093,691 57,149,080 168,191 Net Assets Invested in capital assets, net of related debt (Note 3J) 38,442,287 50,181,875 88,624,162 3,967,144 Restricted for: Economic development - ceased mining operations 3,848,433 - 3,848,433 Debt service - bond restrictions 3,795,510 2,364,784 6,160,294 - Accumulation authorized by law 802,002 - 802,002 - Unrestricted 46,805,978 16,642,082 63,448,060 1,291,516 Total Net Assets 93,694,210 $ 69,188,741 $ 162,882,951 $ 5,258,660 $ City and County of Butte-Silver Bow, Montana June 30, 2009 See accompanying notes to the basic financial statements 24 ---PAGE BREAK--- Program Revenues Charges for Primary Government Services and Sales Operating Grants Capital Grants Governmental Business-Type Component Function/Program Expenses and Fines and Contributions and Contributions Activities Activities Total Unit Primary Government General government 10,866,213 $ 4,241,383 $ 8,010,439 $ - $ 1,385,609 $ - $ 1,385,609 $ - $ Public safety 14,105,614 1,134,235 2,051,520 - (10,919,859) - (10,919,859) - Public works 6,601,992 140,185 2,853,120 - (3,608,687) - (3,608,687) - Public health 4,141,100 693,112 2,399,220 - (1,048,768) - (1,048,768) - Social and economic services 236,774 - 34,441 - (202,333) - (202,333) - Cultural and recreation 2,815,238 548,383 114,190 - (2,152,665) - (2,152,665) - Housing and community development 5,272,460 - 1,141,750 - (4,130,710) - (4,130,710) - Interest 2,167,905 - - - (2,167,905) - (2,167,905) - Total Governmental Activities 46,207,295 6,757,298 16,604,680 - (22,845,317) - (22,845,317) - Business-Type Activities: Community facilties 96,146 - - - - (96,146) (96,146) - Home health 477,407 412,287 - - - (65,120) (65,120) - Small business incubator 145,363 98,477 - - - (46,886) (46,886) - Water utility division 7,105,960 7,102,346 4,230,618 - - 4,227,004 4,227,004 - Metro sewer operations 3,415,305 3,126,532 188,343 - - (100,430) (100,430) - Solid waste 2,027,230 2,478,040 - - - 450,810 450,810 - Silver lake water system 237,431 239,763 - - - 2,332 2,332 - MR infrastructure project 94,806 - - - - (94,806) (94,806) - Total Business-Type Activities 13,599,648 13,457,445 4,418,961 - - 4,276,758 4,276,758 - Total - Primary Government 59,806,943 $ 20,214,743 $ 21,023,641 $ - $ (22,845,317) 4,276,758 (18,568,559) - Component Units Port of Montana Port Authority 1,205,592 $ 1,177,518 $ - $ - $ - - - (28,074) General Revenues Property taxes levied for general purposes 22,661,639 - 22,661,639 189,292 Franchise taxes 321,282 - 321,282 Motor fuel taxes 643,665 - 643,665 Gain on sale of capital assets - 8,024 8,024 - Investment earnings 937,855 258,092 1,195,947 30,881 Miscellaneous 872,978 206,973 1,079,951 - Transfers 205,774 (205,774) - - Total General Revenues and Transfers 25,643,193 267,315 25,910,508 220,173 Change in Net Assets 2,797,875 4,544,073 7,341,949 192,099 Net Assets Beginning of Year 90,896,334 64,644,668 155,541,002 5,066,561 Net Assets End of Year 93,694,210 $ 69,188,741 $ 162,882,951 $ 5,258,660 $ Net (Expense) Revenue and Changes in Net Assets City and County of Butte-Silver Bow, Montana Statement of Activities For the Fiscal Year Ended June 30, 2009 See accompanying notes to the basic financial statements 25 ---PAGE BREAK--- ---PAGE BREAK--- Governmental Funds Major Governmental Funds General Fund The general fund is used to account for resources traditionally associated with government, which are not required legally or by sound financial management to be accounted for in another fund. Principal sources of revenue are property taxes, state and local shared revenues, licenses and permits and charges for services provided to other funds. Principal expenditures in the general fund are made for public safety, public works and general government operations. Ramsay Tax Increment Financing District (TIFID) The Ramsay TIFID was established by resolution for a twenty-year period on May 20, 1992 to allow for the development of infrastructure to attract industrial development within the TIFID. The TIFID is located south of the city adjacent to the Port of Montana, Port Authority, an intermodal transportation facility, which has been reported within the financial statements as a discretely presented component unit. The major source of revenue is the property taxes generated from within the boundaries of the TIFID. All property tax with the exception of seven mills exempt per state statue and Butte-Silver Bow ordinance is captured within this fund. The major expenditure is a transfer to the debt service fund for repayment of the debt with the remaining expenditures related to further development of infrastructure for economic development activities. 27 ---PAGE BREAK--- Other Total Ramsay Governmental Governmental General TIFID Funds Funds Assets Cash and cash equivalents 1,732,648 $ - $ 10,181,726 $ 11,914,374 $ Investments 2,037,066 10,991,769 18,864,979 31,893,814 Restricted assets - - 7,254,297 7,254,297 Receivables: Accounts 148,014 125 3,210,184 3,358,323 Property taxes 751,453 - 1,125,837 1,877,290 Special assessments 162 - 660,780 660,942 Loans - - 3,563,921 3,563,921 Interfund 3,402,865 - 410,000 3,812,865 Total Assets 8,072,208 $ 10,991,894 $ 45,271,724 $ 64,335,826 $ Liabilities and Fund Balances Liabilities Vouchers payable 120,358 $ 558,093 $ 730,619 $ 1,409,070 $ Accounts payable 9,483 100 265,724 275,307 Accrued salaries and benefits 771,443 3,256 415,459 1,190,158 Performance bonds payable 23,602 - 30,509 54,111 Interfund payable - 245,334 3,342,002 3,587,336 Deferred revenue 807,617 - 1,897,339 2,704,956 Total Liabilities 1,732,503 806,783 6,681,652 9,220,938 Fund Balances Reserved for: Debt service - - 3,795,510 3,795,510 Long-term notes and loans receivable - - 3,542,543 3,542,543 Economic development - ceased mining operation - - 3,848,433 3,848,433 Accumulation of reserve authorized by state law - - 802,002 802,002 Self-funded employee health insurance plan 2,007,968 - - 2,007,968 Code enforcement activities 138,493 - - 138,493 Unreserved: Undesignated, reported in: General fund 4,193,244 - - 4,193,244 Special revenue funds - 10,185,111 16,846,752 27,031,863 Capital projects funds - - 9,754,832 9,754,832 Total Fund Balances 6,339,705 10,185,111 38,590,072 55,114,888 Total Liabilities and Fund Balances 8,072,208 $ 10,991,894 $ 45,271,724 $ 64,335,826 $ See accompanying notes to the basic financial statements Balance Sheet City and County of Butte-Silver Bow, Montana June 30, 2009 Governmental Funds 28 ---PAGE BREAK--- The Government-wide Statement of Net Assets For the Fiscal Year Ended June 30, 2009 Total Governmental Fund Balances 55,114,888 $ Amounts reported for governmental activities in the government-wide statement of net assets are different because: Capital assets used in governmental activities are not current financial resources and therefore are not reported in the funds (exclusive of internal service funds' capital assets). Cost 115,188,360 $ Less accumulated depreciation (39,173,967) 76,014,393 Other long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds - special assessments sales and property taxes. 2,538,231 The internal service funds are used by management to charge the costs of the maintenance of the vehicle fleet, janitorial services, the personnel and payroll functions, computer operations, and the telephone and GIS to individual funds. The assets and liabilities of the internal service funds are included in governmental activities column on the government-wide statement of net assets. 2,594,924 Interfund receivables and payables between governmental funds are reported on the governmental fund's balance sheet but eliminated on the government-wide statement of net assets. Interfund receivables (3,567,531) $ Interfund payables 3,567,531 - Liabilities not due and payable in the current period and therefore are not reported in the governmental fund balance sheets but are reported on the government-wide statement of net assets. Long-term debt (39,139,437) $ Compensated absences (2,246,344) Claims (313,870) Accrued interest on long-term debt (1,084,174) (42,783,825) Bond issuance costs are reported as expenditures in the governmental fund financial statements but capitalized on the government-wide statement of net assets. 215,599 Net Assets of Governmental Activities 93,694,210 $ See accompanying notes to the basic financial statements City and County of Butte-Silver Bow, Montana Reconciliation of the Governmental Funds Balance Sheet to 29 ---PAGE BREAK--- Other Total Ramsay Governmental Governmental General TIFID Funds Funds Revenues Property taxes 9,359,443 $ 5,245,465 $ 10,252,530 $ 24,857,438 $ Special assessments - - 1,287,271 1,287,271 Licenses and permits 830,666 - - 830,666 Intergovernmental 4,845,792 53 9,539,738 14,385,583 Charges for services 4,467,243 2,100 1,146,218 5,615,561 Fines and forfeitures 436,261 - 196,092 632,353 Private grants and donations 41,219 - 1,329,615 1,370,834 Investment earnings 137,838 213,021 586,996 937,855 Miscellaneous 104,975 222,673 481,569 809,217 Total Revenues 20,223,437 5,683,312 24,820,029 50,726,778 Expenditures Current: General government 8,034,939 - 2,422,558 10,457,497 Public safety 8,470,546 - 4,690,721 13,161,267 Public works 412,061 - 5,365,078 5,777,139 Public health 1,187,314 - 2,891,611 4,078,925 Social and economic services 100,175 - 134,806 234,981 Cultural and recreation 1,722,483 - 871,696 2,594,179 Housing and community development - 759,926 2,458,309 3,218,235 Capital Outlay 276,203 4,256,470 4,476,750 9,009,423 Debt Service: Principal 30,500 - 2,746,583 2,777,083 Interest 21,895 - 2,099,132 2,121,027 Bond issuance costs - - 193,760 193,760 Total Expenditures 20,256,116 5,016,396 28,351,004 53,623,516 Excess (Deficiency) of Revenues Over (Under) Expenditures (32,679) 666,916 (3,530,975) (2,896,738) Other Financing Sources (Uses) Insurance proceeds - - 9,110 9,110 Issuance of general obligation bonds - - 7,500,000 7,500,000 Bond premiums - - 124,635 124,635 Transfers in 367,103 - 6,551,617 6,918,720 Transfers out (428,129) (3,830,981) (2,453,836) (6,712,946) Total Other Financing Sources (Uses) (61,026) (3,830,981) 11,731,526 7,839,519 Net Change in Fund Balances (93,705) (3,164,065) 8,200,551 4,942,781 Fund Balances Beginning of Year 6,433,410 13,349,176 30,389,521 50,172,107 Fund Balances End of Year 6,339,705 $ 10,185,111 $ 38,590,072 $ 55,114,888 $ See accompanying notes to the basic financial statements City and County of Butte-Silver Bow, Montana Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2009 30 ---PAGE BREAK--- Net Changes In Fund Balances - Total Governmental Funds Amounts reported for governmental activities in the government- wide statement of activities are different because: 4,942,781 $ Governmental funds report capital outlays as expenditures on the governmental fund type operating statement. However, in the government-wide statement of activities, the cost of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which capitalized capital outlay exceeded depreciation expense in the current period. Depreciation expense (4,108,480) $ Capital outlay 9,009,423 4,900,943 The book value of capital assets sold are reported on the government-wide statement of activities but not reported in the governmental funds. (1,728) Certain special assessment revenues and property tax revenues in the government-wide statement of activities do not provide current financial resources and are not reported as revenues in the governmental fund operating statement. Balance @ 6/30/08 (4,530,313) $ Balance @ 6/30/09 2,538,231 (1,992,082) The issuance of bonds are reported as an other financing sources on the governmental fund's operating statements but reported as a liability on the government-wide statement of net assets. (7,500,000) Repayment of long-term debt principal is reported as an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the government-wide statement of net assets. 2,777,083 Accrued interest on long-term debt is reported in the government- wide statement of activities, but does not require the use of financial resources and therefore is not reported as reported as an expenditures in governmental funds. Balance @ 6/30/08 1,041,796 $ Balance @ 6/30/09 (1,084,174) (42,378) Compensated absences are reported in the government-wide statement of activities, but do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds. Balance @ 6/30/08 2,139,641 $ Balance @ 6/30/09 (2,246,344) (106,703) Claims payable are reported in the government-wide statement of activities, but do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds. Balance @ 6/30/08 212,499 $ Balance @ 6/30/09 (313,870) (101,371) Bond related costs are reported in the governmental fund's operating statement because these transactions requires or provides the use of current financial resources but are capitalized on the government-wide statement of net assets. Bond issuance costs 193,760 $ Bond premiums (124,635) 69,125 Amortization of debt issuance costs and debt premiums are not reported at the fund level but are reported in the government wide statement of activities. (4,500) The internal service funds used by management to charge the costs of the operation of the vehicle fleet, janitorial services, the personnel and payroll functions, computer operations, and the telephone and GIS to individual funds are not reported in the government-wide statement of activities. Governmental fund expenditures and related internal service fund revenues are eliminated. (143,295) Transfers between governmental funds are reported on the governmental fund operating statement but are eliminated on the government-wide statement of net assets. Transfers in (6,618,720) $ Transfers out 6,618,720 - Change In Net Assets Of Governmental Activities 2,797,875 $ See accompanying notes to the basic financial statements For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-wide Statement of Activities 31 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues: Taxes: Real property 6,470,419 $ 6,470,419 $ 7,999,755 $ 1,529,336 $ Personal property 1,429,859 1,429,859 204,010 (1,225,849) Motor vehicle 1,384,163 1,384,163 1,155,678 (228,485) Tax title and property tax sale 25,000 25,000 - (25,000) Total Taxes 9,309,441 9,309,441 9,359,443 50,002 Licenses and permits 918,515 918,515 830,666 (87,849) Intergovernmental 4,108,602 4,522,787 4,845,792 323,005 Charges for services 1,148,925 1,181,845 1,214,788 32,943 Fines and forfeits 453,000 453,000 436,261 (16,739) City/County and employee health insurance contributions 3,152,000 3,152,000 3,213,761 61,761 Investment earnings 526,000 526,000 137,838 (388,162) Private grants and contributions 20,000 20,000 41,219 21,219 Rental 31,600 31,600 38,694 7,094 Miscellaneous 41,100 41,100 104,975 63,875 Total Revenues 19,709,183 20,156,288 20,223,437 67,149 Expenditures: Current: General government 9,083,191 9,077,451 8,034,939 1,042,512 Public safety 8,597,263 8,637,283 8,470,546 166,737 Public works 416,696 416,696 412,061 4,635 Public health 1,184,496 1,191,496 1,187,314 4,182 Social and economic services 104,115 104,115 100,175 3,940 Cultural and recreation 1,854,349 1,840,974 1,722,483 118,491 Capital Outlay 354,163 406,503 276,203 130,300 Debt Service Principal 30,500 30,500 30,500 - Interest 21,895 21,895 21,895 - Bond issuance costs - - - - Total Expenditures 21,646,668 21,726,913 20,256,116 1,470,797 Excess (Deficiency) of Revenues Over (Under) Expenditures (1,937,485) (1,570,625) (32,679) 1,537,946 (Continued) Statement of Revenues, Expenditures And Changes In Fund Balances - Budget and Actual City and County of ButteSilver Bow, Montana For the Fiscal Year Ended June 30, 2009 General Fund 32 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Other Financing Sources (Uses) Transfers in: Water Utility Division fund 100,000 100,000 100,000 - Metro Sewer Operations fund 150,000 150,000 150,000 - Solid Waste fund 35,000 35,000 35,000 - Ramsay TIFID #2 fund 42,920 42,920 42,920 - Uptown Revitalization Agency fund 39,183 39,183 39,183 - Transfers out: Public Archives fund (137,866) (137,866) (137,866) - Community development fund (94,287) (94,287) (94,287) - Community Facilities (40,491) (40,491) (40,491) - Belmont Senior fund (108,000) (108,000) (108,000) - Small Business Incubator fund (38,735) (38,735) (38,735) - Crime Control fund (8,750) (8,750) (8,750) - Total Other Financing Sources (Uses) (61,026) (61,026) (61,026) - Net Change in Fund Balances (1,998,511) $ (1,631,651) $ (93,705) 1,537,946 $ Fund Balances Beginning of Year 6,433,410 Fund Balances End of Year 6,339,705 $ See accompanying notes to the basic financial statements (Concluded) 33 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes - real property 5,351,331 $ 5,351,331 $ 5,245,465 $ (105,866) $ Intergovernmental 62 62 53 Rent - - 2,100 2,100 Investment earnings 400,000 400,000 213,021 (186,979) Miscellaneous - - 222,673 222,673 Total Revenues 5,751,393 5,751,393 5,683,312 (68,081) Expenditures Current: Housing and community development 1,602,088 1,602,088 759,926 842,162 Capital Outlay 12,000,000 12,000,000 4,256,470 7,743,530 Total Expenditures 13,602,088 13,602,088 5,016,396 8,585,692 Excess (Deficiency) of Revenues Over (Under) Expenditures (7,850,695) (7,850,695) 666,916 8,517,611 Other Financing (Uses) Transfers out: General fund (42,920) (42,920) (42,920) - ASiMI bond fund (3,769,237) (3,769,237) (3,773,061) (3,824) Small business incubator fund (15,000) (15,000) (15,000) - Total Other Financing (Uses) (3,827,157) (3,827,157) (3,830,981) (3,824) Net Change in Fund Balances $(11,677,852) $(11,677,852) (3,164,065) $ 8,513,787 Fund Balances Beginning of Year 13,349,176 Fund Balances End of Year 10,185,111 $ See accompanying notes to the basic financial statements For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Ramsay TIFID Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 34 ---PAGE BREAK--- Proprietary Fund Financial Statements Major Funds Business Type Activities-Enterprise Funds Water Utility Division The Water Utility Division accounts for the local government’s activities of the construction and maintenance of the Butte-Silver Bow water system. Revenues are derived from user fees. The Water Utility Divisions average active connection in fiscal year 2008 was 12,531. Metro Sewer Division The Metro Sewer Division accounts for the local government’s sewage treatment and disposal operations. Revenue is derived from special assessments. The metro sewer had 56,765 billable units in fiscal year 2008. Solid Waste Division The Solid Waste Division was established to account for the construction and operation of the County’s landfill and solid waste collection activities. Revenues are derived from user fees and special assessments. The Solid Waste Department special assessment billing includes 12,059 units for collection and 20,564 units for disposal. Citizens outside of the collection district are also assessed for disposal. 35 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Net Assets Proprietary Funds June 30, 2009 Governmental Enterprise Funds Activities Water Metro Other Internal Utility Sewer Solid Enterprise Service Division Operations Waste Funds Total Funds Assets Current Assets: Cash and cash equivalents 1,063,544 $ 656,907 $ - $ 851,329 $ 2,571,780 $ 1,168,616 $ Investments 153,458 5,322,964 5,249,156 502,544 11,228,122 - Restricted: Cash and cash equivalents 139,498 - - - 139,498 - Receivables: Accounts 3,205,355 1,223 147,357 227,447 3,581,382 35,170 Special assessments 122,304 692,085 429,265 - 1,243,654 - Interfund - 291,081 31,421 - 322,502 - Inventory - - - 6,706 6,706 - Prepaid expenses 10,194 - - - 10,194 - Total Current Assets 4,694,353 6,964,260 5,857,199 1,588,026 19,103,838 1,203,786 Noncurrent Assets: Restricted investments 2,364,784 - - - 2,364,784 - Deferred bond issuance costs 171,808 - - - 171,808 - Capital assets: Nondepreciable 3,982,770 166,800 740,526 5,433 4,895,529 40,000 Depreciable, net 40,250,746 7,949,650 3,645,853 2,448,255 54,294,504 1,527,331 Total Noncurrent Assets 46,770,108 8,116,450 4,386,379 2,453,688 61,726,625 1,567,331 Total Assets 51,464,461 15,080,710 10,243,578 4,041,714 80,830,463 2,771,117 (Continued) Business-type Activities 36 ---PAGE BREAK--- Governmental Enterprise Funds Activities Water Metro Other Internal Utility Sewer Solid Enterprise Service Division Operations Waste Funds Total Funds Business-type Activities Liabilities Current Liabilities: Vouchers payable 138,626 $ 19,340 $ 25,870 $ 11,210 $ 195,046 $ 12,453 $ Accounts payable 147,105 - 76 - 147,181 2,880 Contracts payable 109,180 - - - 109,180 - Accrued wages and benefits payable 132,406 73,368 21,104 22,694 249,572 55,707 Compensated absences 339,585 166,508 57,652 12,378 576,123 47,319 Accrued interest payable 145,753 - - - 145,753 - Interfund payable - - 548,031 - 548,031 - Unearned revenue 293,062 - - 4,617 297,679 - Closure and postclosure care payable - - 5,259 - 5,259 - Revenue bonds payable 1,580,000 - - - 1,580,000 - Total Current Liabilities 2,885,717 259,216 657,992 50,899 3,853,824 118,359 Long-Term Liabilities (net of current portion): Customer deposits 119,808 - - - 119,808 - Accrued interest payable-customer deposits 19,690 - - - 19,690 - Closure and postclosure care - - 205,115 - 205,115 - Compensated absences payable - - - 15,127 15,127 57,834 Revenue bonds payable 7,428,158 - - - 7,428,158 - Total Long-Term Liabilities 7,567,656 - 205,115 15,127 7,787,898 57,834 Total Liabilities 10,453,373 259,216 863,107 66,026 11,641,722 176,193 Net Assets Invested in capital assets, net of related debt (Note 3J) 35,225,358 8,116,450 4,386,379 2,453,688 50,181,875 1,567,331 Restricted for debt service 2,364,784 - - - 2,364,784 - Unrestricted 3,420,946 6,705,044 4,994,092 1,522,000 16,642,082 1,027,593 Total Net Assets 41,011,088 $ 14,821,494 $ 9,380,471 $ 3,975,688 $ 69,188,741 $ 2,594,924 $ See accompanying notes to the basic financial statements (Concluded) 37 ---PAGE BREAK--- ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended June 30, 2009 Governmental Enterprise Funds Activities Water Metro Other Internal Utility Sewer Solid Enterprise Service Division Operations Waste Funds Total Funds Operating Revenues Charges for services 7,102,346 $ 3,126,532 $ 2,478,040 $ 750,527 $ 13,457,445 $ 2,210,098 $ Miscellaneous 52,535 51,351 19,428 83,659 206,973 54,651 Total Operating Revenues 7,154,881 3,177,883 2,497,468 834,186 13,664,418 2,264,749 Operating Expenses Personal services 2,375,236 1,686,081 357,819 420,571 4,839,707 1,301,528 Operation and maintenance 1,891,666 1,076,689 1,362,988 480,880 4,812,223 855,835 Depreciation 2,175,243 652,535 306,423 147,576 3,281,777 251,620 Amortization 154,314 - - - 154,314 - Total Operating Expenses 6,596,459 3,415,305 2,027,230 1,049,027 13,088,021 2,408,983 Operating Income (Loss) 558,422 (237,422) 470,238 (214,841) 576,397 (144,234) Non-Operating Revenues (Expenses) Interest expense (509,501) - - (2,126) (511,627) - Investment earnings 94,591 86,623 68,700 8,178 258,092 - Intergovernmenal 4,230,618 - - 4,230,618 940 Gain on disposition of capital assets 3,084 4,700 240 - 8,024 - Operating grants - 188,343 - - 188,343 - Total Non-Operating Revenues (Expenses) 3,818,792 279,666 68,940 6,052 4,173,450 940 Income (Loss) Before Transfers 4,377,214 42,244 539,178 (208,789) 4,749,847 (143,294) Transfers in - - - 94,226 94,226 - Transfers out (100,000) (150,000) (50,000) - (300,000) - Change in Net Assets 4,277,214 (107,756) 489,178 (114,563) 4,544,073 (143,294) Total Net Assets Beginning of Year 36,733,874 14,929,250 8,891,293 4,090,251 64,644,668 2,738,218 Total Net Assets End of Year 41,011,088 $ 14,821,494 $ 9,380,471 $ 3,975,688 $ 69,188,741 $ 2,594,924 $ See accompanying notes to the basic financial statements Business-type Activities 39 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2009 Governmental Enterprise Funds Activities Water Metro Other Internal Utility Sewer Solid Enterprise Service Division Operations Waste Funds Total Funds Increase (Decrease) in Cash and Cash Equivalents Cash Flows from Operating Activities Cash received from customers 7,044,043 $ 3,041,583 $ 2,484,281 $ 834,150 $ 13,404,057 $ - $ Cash received from interfund services provided - - - - - 2,176,582 Cash payments for personal services (2,294,439) (1,670,979) (353,554) (420,571) (4,739,543) (1,302,660) Cash payments for goods and services (2,411,849) (903,645) (1,504,841) (522,936) (5,343,271) (839,660) Net Cash Provided by Operating Activities 2,337,755 466,959 625,886 (109,357) 3,321,243 34,262 Cash Flows from Noncapital Financing Activities Operating grants - 187,142 - - 187,142 - Receipt of interfund loan - - 548,031 - 548,031 - Payments made on interfund payable - - (699,574) - (699,574) 940 Interest expense on customer deposits (6,289) - - - (6,289) - Transfers in - - - 94,226 94,226 - Transfers out (100,000) (150,000) (50,000) - (300,000) - Net Cash Flows from Noncapital Financing Activities (106,289) 37,142 (201,543) 94,226 (176,464) 940 Cash Flows from Capital and Related Financing Activities Operating grants 2,657,660 - - - 2,657,660 - Principal paid on revenue bonds payable (8,795,000) - - (39,066) (8,834,066) - Interest paid on revenue bonds (446,439) - - (2,126) (448,565) - Proceeds from issuance of bonds 5,993,567 - - - 5,993,567 - Payments for bond issuance costs (128,430) - - - (128,430) - Principal payments on main extension contracts (13,906) - - - (13,906) - Proceeds from the sale of capital assets 16,095 - - - 16,095 - Payments for capital acquisitions (6,042,836) (440,546) (424,343) (22,972) (6,930,697) (373,296) Net Cash (Used in) Capital and Related Financing Activities (6,759,289) (440,546) (424,343) (64,164) (7,688,342) (373,296) Cash Flows from Investing Activities Investment earnings 94,591 86,623 68,700 8,178 258,092 - Net Increase (Decrease) in Cash and Cash Equivalents (4,433,232) 150,178 68,700 (71,117) (4,285,471) (338,094) Cash and Cash Equivalents - Beginning of Year 8,154,520 5,829,693 5,180,456 1,424,990 20,589,659 1,506,710 Cash and Cash Equivalents - End of Year 3,721,288 $ 5,979,871 $ 5,249,156 $ 1,353,873 $ 16,304,188 $ 1,168,616 $ Reconciliation to Statement of Net Assets Cash and cash equivalents 1,063,544 $ 656,907 $ - $ 851,329 $ 2,571,780 $ 1,168,616 $ Investments 153,458 5,322,964 4,221,594 502,544 10,200,560 - Restricted cash and investments 2,504,286 - 1,027,562 - 3,531,848 - Total 3,721,288 $ 5,979,871 $ 5,249,156 $ 1,353,873 $ 16,304,188 $ 1,168,616 $ (continued) Business-type Activities 40 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2009 (continued) Governmental Enterprise Funds Activities Water Metro Other Internal Utility Sewer Solid Enterprise Service Division Operations Waste Funds Total Funds Reconciliation of Operating Income to Net Cash Provided by Operating Activities Operating Income 558,422 $ (237,422) $ 470,238 $ (214,841) $ 576,397 $ (144,234) $ Adjustments: Depreciation 2,175,243 652,535 306,423 147,576 3,281,777 251,620 Amortization 154,314 - - - 154,314 - Capital asset adjustment - - - - - 8,104 (Increase) Decrease in Assets: Accounts receivable (48,089) 107,972 38,980 33,030 131,893 (11,601) Special assessments receivables (48,647) (77,409) (43,176) - (169,232) - Inventory - - 4,364 4,364 - Prepaid expenses 3,348 - - - 3,348 - Increase (Decrease) in Liabilities: Vouchers payable (507,630) (71,190) (157,698) (83,344) (819,862) (7,619) Accounts payable (15,901) - 76 - (15,825) (11,620) Accrued expenses - - - - - (10,633) Accrued wages and benefits payable 5,688 (3,131) 2,764 2,247 7,568 - Customer deposits (8,264) - - - (8,264) - Compensated absences 75,110 95,604 8,279 1,611 180,604 (39,755) Unearned revenue (5,839) - - - (5,839) - Net Cash Provided by Operating Activities 2,337,755 $ 466,959 $ 625,886 $ (109,357) $ 3,321,243 $ 34,262 $ Noncash Capital Activities: Construction costs included in accounts payable 264,933 $ - $ - $ - $ 264,933 $ - $ See accompanying notes to the basic financial statements Business-type Activities 41 ---PAGE BREAK--- Fiduciary Funds 42 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Fiduciary Net Assets Fiduciary Funds June 30, 2009 Investment Trust Agency Assets Cash and cash equivalents 8,678,336 $ 23,548,457 $ Investments - 1,388,745 Receivables - 2,049,764 Land acquired by tax deed - 275,521 Total Assets 8,678,336 27,262,487 $ Liabilities Accounts payable - 1,565,684 Vouchers payable - - Accrued interest payable - 230,362 Due to others - 20,840 Due to other governments - 25,407,062 Due to component unit - 38,539 Total Liabilities - 27,262,487 $ Net Assets Net assets held in trust for pool participants 8,678,336 $ See accompanying notes to the basic financial statements 43 ---PAGE BREAK--- Additions Shares and investments purchased 151,857,393 $ Investment earnings 458,158 Total Additions 152,315,551 Deductions Shares and investments redeemed 162,057,688 Investment earnings distributed 2,948,207 Total Deductions 165,005,895 Change in Net Assets (12,690,344) Net Assets Beginning of Year 21,368,680 Net Assets End of Year 8,678,336 $ See accompanying notes to the basic financial statements For the Fiscal Year Ended June 30, 2009 Investment Trust Funds Statement of Changes in Fiduciary Net Assets City and County of Butte-Silver Bow, Montana 44 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 45 Index Summary of Significant Accounting 1 Reporting Entity Basis of Presentation Measurement Basis of Assets, Liabilities and Fund Cash, Cash Equivalents and Interfund Consumable Restricted Assets Capital Accrued Liabilities and Long-term Bond Premiums, Discounts, Issuance Costs and Bond Refunding Gains and Fund Operating Revenues and Contributions of Interfund On-behalf Payments for Fringe Benefits Estimates Comparative Concentration of Credit Risk – Component Stewardship, Compliance and 2 Budgetary Excess of Expenditures over Appropriations Deficit Fund Equities Detailed Notes on All 3 Deposits and Receivables Property Taxes Capital Interfund Balances and Landfill Post-Closure 3-F Compensated Long-Term 3-H 3-I Net Other Notes 4 Risk Subsequent Contingent Construction External Investment Pool ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 46 The City and County of Butte-Silver Bow, State of Montana (City and County) was incorporated as a municipal corporation in 1977. Under the charter an elected Chief Executive and twelve-member Council of Commissioners govern the City and County. The day-to-day affairs of the government are conducted under the supervision of the Chief Executive and several other elected and appointed administrative positions. Note 1 - Summary of Significant Accounting Policies The financial statements of the City and County have been prepared in conformity with accounting principles generally accepted in the United States (GAAP) as applied to governments. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for governmental accounting and financial reporting. The City and County also applies Financial Accounting Standards Board (FASB) statements and interpretations issued on or before November 30, 1989, to its governmental and business-type activities at the government-wide financial reporting level and to its enterprise funds at the fund reporting level, provided they do not conflict with or contradict GASB pronouncements. The City and County elected not to apply FASB statements and interpretations issued after November 30, 1989 for its enterprise fund. The most significant of the City and County’s accounting policies are described below. 1-A. Reporting Entity The reporting entity is comprised of the primary government, component units and other organizations that are included to ensure that the financial statements are not misleading. The primary government of the City and County consists of all funds, departments, boards and agencies that are not legally separate from the City and County. Component units are legally separate organizations for which the City and County is financially accountable. The City and County is financially accountable for an organization if the City and County appoints a voting majority of the organization's governing board and the City and County is able to significantly influence the programs or services performed or provided by the organizations; or the City and County is legally entitled to or can otherwise access the organization's resources; the City and County is legally obligated or has otherwise assumed the responsibility to finance the deficits of, or provide financial support to, the organization; or the City and County is obligated for the debt of the organization. Component units also may include organizations that are fiscally dependent on the City and County in that the City and County approves the budget, levies their taxes or issues their debt. The component unit columns included on the government-wide financial statements identifies the financial data of the City and County’s discretely presented component unit. It is reported separately to emphasize that it is legally separate from the County. A brief description of the discretely presented component unit follows: The Port of Montana Authority (Port Authority) - The Port Authority is an intermodal transportation facility, which provides transloading services to over-the-road and rail carriers within the county region. The Port Authority was created by resolution on May 7, 1986, pursuant to authority granted by the 1985 Montana Legislative Assembly. A board appointed by the City and County’s Chief Executive and confirmed by the Council of Commissioners manages the Port. The Port Authority is fiscally dependent upon the City and County to levy taxes if necessary and further, the City and County has secured a revenue bond issued by the Port Authority. Separately issued financial statements for the Authority may be obtained at the City and County’s administrative offices. 1-B. Basis of Presentation The City and County’s basic financial statements consist of government-wide statements which include aggregated fund data and fund financial statements, which provide a more detailed level of financial information. Government-wide Financial Statements - The government-wide financial statements include a statement of net assets and a statement of activities. These statements report financial information for the City and County as a whole. The primary government and the discretely presented component units are presented separately within these financial statements with the focus on the primary government. All City and County funds, excluding the fiduciary activities, are included at the government-wide reporting level. Individual funds are not displayed but the statements distinguish governmental activities, ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 47 generally supported by taxes and City and County general revenues, from business-type activities, generally financed in whole or in part with fees charged to external customers. The statement of net assets presents the financial position of the governmental and business-type activities of the City and County and it’s discretely presented component unit at year-end. This statement is presented in a classified format. The statement of activities presents a comparison between direct expenses and program revenues for each function of the City and County’s governmental activities and for each identifiable activity of the business-type activities of the City and County. Direct expenses are those that are specifically associated with a function and therefore clearly identifiable to that particular function. The City and County does not allocate indirect expenses to functions in the statement of activities. The statement of activities reports the expenses of a given function offset by program revenues directly connected with the functional program. A function is an assembly of similar activities and may include portions of a fund or summarize more than one fund to capture the expenses and program revenues associated with a distinct functional activity. Program revenues include: charges for services which report fees and other charges to users of the City and County's services; operating grants and contributions which finance annual operating activities including restricted investment income; and capital grants and contributions which fund the acquisition, construction, or rehabilitation of capital assets. These revenues are subject to externally imposed restrictions to these program uses. For identifying to which function program revenue pertains, the determining factor for charges for services is which function generates the revenue. For grants and contributions, the determining factor is to which functions the revenues are restricted. Taxes and other revenue sources not properly included with program revenues are reported as general revenues of the City and County. The comparison of direct expenses with program revenues identifies the extent to which each governmental function and each identifiable business activity is self-financing or draws from the general revenues of the City and County. Fund Financial Statements - During the year, the City and County segregates transactions related to certain City and County functions or activities in separate funds in order to aid financial management and to demonstrate legal compliance. Fund financial statements are designed to present financial information of the City and County at this more detailed level. Fund financial statements are provided for governmental, proprietary, and fiduciary funds. Major individual governmental and enterprise funds are reported in separate columns with composite columns for non-major funds. Fiduciary funds are reported by type. Fund Accounting - The City and County uses funds to maintain its financial records during the year. A fund is a fiscal and accounting entity with a self-balancing set of accounts. The City and County uses three categories of funds: governmental, proprietary and fiduciary. Governmental Funds - Governmental funds are those through which most governmental functions typically are financed. Governmental fund reporting focuses on the sources, uses and balances of current financial resources. Expendable assets are assigned to the various governmental funds according to the purposes for which they may or must be used. Fund liabilities are assigned to the fund from which they will be liquidated. The City and County reports the difference between governmental fund assets and liabilities as fund balance. The following are the City and County's major governmental funds: General Fund - The general fund accounts for all financial resources except those required to be accounted for in another fund. The general fund balance is available to the City and County for any purpose provided it is expended or transferred according to the general laws of Montana. Ramsay TIFID Industrial Fund- The Ramsay TIFID industrial fund is a special revenue fund that accounts for the tax collection and economic development activities of the Tax Increment Financing Industrial District (TIFID). The TIFID was formed as a major economic development site where the City and County has been able to attract one of the top employers and tax payers for the City and County. Economic development efforts are continuing to attract new interests within the district. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 48 Proprietary Funds - Proprietary fund reporting focuses on the determination of operating income, changes in net assets, financial position and cash flows. The City and County’s proprietary funds are classified as enterprise funds and internal service funds. The following are the City and County’s major enterprise funds: Water Utility Division Fund - The water utility division fund is a business-like enterprise fund that accounts for the local government’s expansion and maintenance of the City and County water system. Revenues are derived from user fees and are structured to allow for continuing capital projects such as main replacement projects while complying with a debt service coverage ratio of 125%. Metro Sewer Operations Fund - The metro sewer operations fund is a business-like enterprise fund that accounts for the local government’s sewage treatment and disposal operations. Revenue is derived from special assessments. A component of the rate of the assessments also allows for continuing repair and replacement projects. Solid Waste Fund - The solid waste fund is also a business-like enterprise fund established to account for the construction and operation of the City and County’s landfill and solid waste collection activities. Revenues are derived from special assessments and gate fees. The revenues are sufficient to comply with 125% debt service coverage ratio per bond indentures. Internal Service Funds – These funds account for data processing, fleet management, payroll and personnel services provided to other departments or agencies of the government, or to other governments, on a cost reimbursement basis Fiduciary Funds - Fiduciary fund reporting focuses on net assets. The City and County’s fiduciary funds include a variety of agency funds, an investment trust fund and various individual investment funds for school districts. Agency Funds - The agency funds consist of property tax funds that the City and County has not yet distributed to local school districts, the State of Montana, other cities and towns, and special districts. The fund also contains fees and judgments due to the State of Montana, garnishments and child support payable through the court system, public administrator functions, and Superfund monies of groups named in a Priority Soils Operable Unit. External Investment Trust Fund – This fund accounts for the resources held in investments on behalf of the local school districts. Under the direction of the various school district business managers, funds are invested per state law. 1-C. Measurement Focus Government-wide Financial Statements - The government-wide financial statements are prepared using the economic resources measurement focus. All assets and all liabilities associated with the operation of the City and County are included on the statement of net assets. The statement of activities reports revenues and expenses. Fund Financial Statements - All governmental funds are accounted for using a flow of current financial resources measurement focus. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. The statement of revenues, expenditures and changes in fund balances reports the sources revenues and other financing sources) and uses expenditures and other financing uses) of current financial resources. This approach differs from the manner in which the governmental activities of the government-wide financial statements are prepared. Governmental fund financial statements therefore include a reconciliation with brief explanations to better identify the relationship between the government-wide statements and the governmental fund statements. Like the government-wide statements, all proprietary fund types are accounted for on a flow of economic resources measurement focus on both financial reporting levels. All assets and all liabilities associated with the operation of these funds are included on the statements of net assets. The statements of changes in fund net assets present increases revenues) and decreases expenses) in net total assets. The statement of cash flows provides information about how the City and County finances and meets the cash flow needs of its proprietary activities. The agency funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 49 1-D. Basis of Accounting Basis of accounting determines when transactions are recorded in the financial records and reported on the financial statements. Government-wide financial statements are prepared using the accrual basis of accounting. At the fund reporting level, governmental funds use the modified accrual basis of accounting and fiduciary funds use the accrual basis of accounting. Proprietary funds use the accrual basis of accounting at both reporting levels. Differences in the accrual and the modified accrual basis of accounting arise in the recognition of revenue, the recording of deferred revenue, and in the presentation of expenses versus expenditures. Revenues – Exchange Transactions - Revenue resulting from exchange transactions, in which each party gives and receives essentially equal value, is recorded on the accrual basis when the exchange takes place. On the modified accrual basis, revenue is recorded when the exchange takes place and in the fiscal year in which the resources are measurable and become available. Available means that the resources will be collected within the current fiscal year or are expected to be collected soon enough thereafter to be used to pay liabilities of the current fiscal year. For the City and County, the phrase “available for exchange transactions” means expected to be received within 60 days of the balance sheet date. Revenues - Non-exchange Transactions - Non-exchange transactions in which the City and County receives value without directly giving equal value in return, include property taxes, grants, and donations. Revenue from property taxes is recognized in the fiscal year for which the taxes are levied. (Note 3-C) Revenue from grants and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. Eligibility requirements include timing requirements, which specify the year when the resources are required to be used or the year when use is first permitted, matching requirements, in which the City and County must provide local resources to be used for a specified purpose, and expenditure requirements, in which the resources are provided to the City and County on a reimbursement basis. On a modified accrual basis, revenue from non-exchange transactions also must be available collected within 60 days) before it can be recognized. However, property taxes accrued under the modified accrual basis use a 60 day collection period. Under the modified accrual basis, the following primary revenue sources are considered to be susceptible to accrual: property taxes, special assessments, investment earnings and charges for services. Deferred/Unearned Revenue - Deferred revenue arises when assets are recognized before revenue recognition criteria have been satisfied. On governmental fund financial statements on the modified accrual basis), receivables that will not be collected within the available period have been reported as deferred revenue they are measurable but not available) rather than as revenue. Property taxes not collected within 60 days of year-end have been recorded as deferred revenue at the fund reporting level. Grants and entitlements received before the eligibility requirements are met cash advances) also are recorded as deferred revenue at both reporting levels. Deferred revenue is reclassified as “unearned revenue” on the government-wide statement of net assets. Expenses/Expenditures - On the accrual basis of accounting, expenses are recognized at the time they are incurred. On the modified accrual basis, expenditures generally are recognized in the accounting period in which the related fund liability is incurred and due, if measurable. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 50 1-E. Assets, Liabilities and Fund Equity 1-E-1 Cash, Cash Equivalents, and Investments Cash and cash equivalents include amounts in demand deposits, time deposits, savings accounts, fiscal agent deposits as well as short-term investments with a maturity date within three months of the date acquired by the City and County. Generally, investments are stated at fair value based on quoted market prices. Montana statutes authorize the City and County to invest in the following types of obligations: • Interest-bearing savings accounts • Certificates of deposit and time deposits insured up to $250,000 by the Federal Deposit Insurance Corporation or fully collateralizeed • U.S. government and U.S. agency obligations • Montana State Short-term Investment Pool • Repurchase agreements where there is a master repurchase agreement and collateral held by a third party Cash resources of individual funds are combined to form a pool of cash and investments, which the Treasurer's Office manages. The investment earnings are statutorily distributed to the general fund. The City and County issues warrants in payment of its obligations. When the warrants are presented to the Treasurer's Office, the City and County will issue a check to pay the warrants. Cash balances are reported net of outstanding warrants except in the trust/agency fund and for registered warrants. 1-E-2 Receivables All trade and property tax receivables are reported net of an allowance for uncollectibles, where applicable. Unbilled utility charges are accrued as receivables and revenue at June 30, 2009. 1-E-3 Interfund Balances On the fund financial statements, receivables and payables resulting from short-term interfund loans are classified as "interfund receivables/payables." These amounts are eliminated in the governmental and business-type activities columns of the statement of net assets, except for any net residual amounts due between governmental and business-type activities, which are reclassified and presented as internal balances. 1-E-4 Consumable Inventories On the government-wide financial statements and the fund financial statements, enterprise fund inventories are presented at cost on a first-in, first-out basis and are expensed when used the consumption method). 1-E-5 Restricted Assets Certain proceeds of the water utility division, as well as certain resources set aside for their repayment, are classified as restricted assets on the statement of net assets because their use is limited by applicable bond covenants. The "Debt Service Cash" account is used to segregate resources accumulated for debt service payments over the next twelve months. The "Debt Service Reserve Cash" account is used to report resources set aside that are equal to the largest debt service payment occurring in any fiscal year over the life of the bonds. The "Operations and Maintenance" account is used to report resources accumulated to subsidize potential deficiencies from the water utility division operation that could adversely affect debt service payments. The "Replacement and Depreciation" account is used to report resources set aside to fund asset acquisition, renewals and replacements. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 51 1-E-6 Capital Assets General capital assets are those assets not specifically related to activities reported in the proprietary funds. These assets generally result from expenditures in governmental funds. The City and County reports these assets in the governmental activities column of the government-wide statement of net assets but does not report these assets in the governmental fund financial statements. Capital assets utilized by enterprise funds are reported both in the business-type activities column of the government-wide statement of net assets and in the proprietary funds’ statement of net assets. All capital assets are capitalized at cost (or estimated historical cost) and updated for additions and retirements during the year. Donated capital assets are recorded at their fair market values as of the date received. The City and County maintains a capitalization threshold of five thousand dollars. The City and County’s infrastructure consists primarily of roads and water and sewer lines. The City and County governmental activities infrastructure has been capitalized since fiscal year 1981. Improvements to capital assets are capitalized. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend an asset’s life are expensed. Interest incurred during the construction of capital assets utilized by the enterprise funds is capitalized. All reported capital assets are depreciated except for land and construction in progress. Improvements are depreciated over the remaining useful lives of the related capital assets. Useful lives for infrastructure were estimated based on the City and County’s historical records of necessary improvements and replacement. Depreciation is computed using the straight-line method over the following useful lives: Governmental Business-type Component Asset Class Activities Activities Unit Buildings 30-60 Years 15-40 years Improvements other than buildings 25-50 Years 25-50 Years 15-40 years HUB transportation facility 25-40 years Machinery and equipment 10-20 years 10-20 years 3-15 Years Infrastructure 30-60 Years Estimated Lives At the inception of capital leases at the governmental fund reporting level, expenditures and an “other financing source” of an equal amount are reported at the net present value of future minimum lease payments. 1-E-7 Accrued Liabilities and Long-term Obligations All payables, accrued liabilities and long-term obligations are reported in the government-wide financial statements. In general, governmental fund payables and accrued liabilities that, once incurred, are paid in a timely manner and in full from current financial resources, are reported as obligations of the these funds. However, compensated absences, claims and unfunded pension benefits that will be paid from governmental funds are reported as a liability in the fund financial statements only to the extent that they are “due for payment” during the current year. Bonds and capital leases are recognized as a liability in the governmental fund financial statements “when due”. 1-E-8 Bond Premiums, Discounts, Issuance Costs and Bond Refunding Gains and Losses On the government-wide statement of net assets and the proprietary fund type statement of net assets, bond premiums and discounts and refunding gains and losses are netted against bonds payable and bond issuance costs are reported as deferred charges. On the government-wide and proprietary fund type statement of activities, bond premiums and discounts, bond issuance costs and bond refunding gains and losses are deferred and amortized over the life of the bonds using the effective interest method. Bond issuance costs are reported as deferred charges and premiums, discounts and bond refunding gains and losses are offset against the applicable bonds payable. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 52 At government fund reporting level, bond premiums and discounts are reported as other financing sources and uses, separately from the face amount of the bonds issued. Bond issuance costs are reported debt service expenditures. 1-E-9 Fund Equity Fund equity at the governmental fund financial reporting level is classified as “fund balance.” Fund equity for all other reporting is classified as “net assets.” Fund Balance – Generally, fund balance represents the difference between the current assets and current liabilities. The City and County reserves those portions of fund balance which are legally segregated for a specific future use or which do not represent available, spendable resources and therefore are not available for appropriation or expenditure. Unreserved fund balance indicates that portion of fund balance that is available for appropriation in future periods. Designations are management’s intent to set aside these resources for specific services. Net Assets - Net assets represent the difference between assets and liabilities. Net assets invested in capital assets, net of related debt, consists of capital assets, net of accumulated depreciation, plus any outstanding balances of borrowings not yet expended, but restricted for the acquisition, construction or improvement of those assets. Net assets are reported as restricted when there are limitations imposed on their use either through the enabling legislation adopted by the City and County or through external restrictions imposed by creditors, grantors or laws or regulations of other governments. All other net assets are reported as unrestricted. The City and County applies restricted resources first when an expense is incurred for purposes for which both restricted and unrestricted net assets are available. 1-E-10 Operating Revenues and Expenses Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses, including operating grants, investment earnings, interest expense and gains and losses on dispositions of capital assets. 1-E-11 Contributions of Capital Contributions of capital in proprietary fund financial statements arise from transfers from capital assets of governmental activities, outside contributions of capital assets, tap-in fees to the extent they exceed the cost of the connection to the system, or from grants or outside contributions of resources restricted to capital acquisition and construction. 1-E-12 Interfund Activity Exchange transactions between funds are reported as revenues in the seller funds and as expenditures/expenses in the purchaser funds. Flows of cash or goods from one fund to another without a requirement for repayment are reported as interfund transfers. Interfund transfers are reported as other financing sources/uses in governmental funds and after non- operating revenues/expenses section in proprietary funds. Repayments from funds responsible for particular expenditures/expenses to the funds that initially paid for them are not presented on the financial statements. Transfers between governmental and business-type activities on the government-wide statement of activities are reported as general revenues. Transfers between funds reported in the governmental activities column are eliminated. Transfers between funds reported in the business type activities column are eliminated. I-E-13 On-Behalf Payments for Fringe Benefits On-behalf payments for fringe benefits are direct payments made by one entity to a third-party recipient for the employees of another, legally separate entity. On-behalf payments include pension plan contributions made directly to the various cost- sharing pension plans by the State of Montana. The State’s pension contribution is recorded as intergovernmental revenue with an offsetting expenditure in the related funds. (Note 3I) ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 53 . 1-E-14 Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates. 1-E-15 Comparative Data Comparative total data for the prior year have been presented only for individual funds in the fund financial statements in order to provide an understanding of the changes in the financial position and operations of these funds. I-E-16 Concentration of Credit Risk – Component Unit The Port of Montana Port Authority, a discretely presented component unit, receives revenues from shipping, storage and switching in Silver Bow, Montana. The Port Authority grants credit on some of these sales and generally requires no collateral from its customers. Note 2 – Stewardship, Compliance and Accountability 2-A. Budgetary Information Budgets are adopted on a basis consistent with GAAP for all budgeted funds of the government in accordance with the Local Government Budget Act (Title 7, Chapter 6, part 40, MCA). Per the Local Government Budget Act, the City and County has excluded the damages and judgments fund, a special revenue fund. Because the amounts of possible judgments are unknown, no expenditure budget is included for this fund. Revenues are budgeted because prior year expenditures are levied for in the current year. In accordance with state law judgments against a local government not covered by insurance may be levied for over a 3-year period to pay the current fiscal years judgments. Also, a budget was not necessary for the ARCO redevelopment fund. A soon to be appointed oversight board will be created prior to any appropriations being approved from this fund. The Council of Commissioners under the Local Budget Act made several supplementary budget appropriations during the year for a variety of state and federal grants, fund reserves and unbudgeted revenues or as otherwise authorized per Montana Code Annotated, Section 7-6-4006. The appropriated budget is prepared by fund, function, department and object. However, the legal level of control (the level at which expenditures may not legally exceed appropriations) for each adopted annual operating budget is the individual fund. Any change in total to a fund or departmental appropriation within a fund requires approval of the Council of Commissioners. The Council of Commissioners also must approve budget transfers within departments. Management of City and County may make transfers of appropriations among objects within a function or department subject to the approval of the Council of Commissioners. All appropriations lapse on June 30th. 2-B. Excess of Expenditures over Appropriations The following funds had expenditures in excess of the fund budget: Fire Fund – public safety $78,222 Tax Increment Bond Fund $1,980 2-C. Deficit Fund Equities The following funds had fund balance deficits Parking Commission Fund – ($8,420) – The City and County is funding this operation in the interim with a loan from the general fund so operations can continue without delays. Fees earned from parking tickets and parking lot rental will offset this negative balance. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 54 Sidewalk Special Fund – ($69,994) – The City and County is funding this operation in the interim with a loan from the general fund so operations can continue without delays. The deficit balance is considered a temporary timing difference between charges incurred for sidewalk replacement and the five year payback period. Damages and Judgments Fund – ($176,082) – This fund accounts for judgments made against the local government. Property taxes will be levied in fiscal year 2009-2010 to cover this deficit as indicated by State Law. Montana Historical Preservation Fund – ($1,751) – The City and County is funding the project in the interim with a loan from the general fund so the project could continue as planned without delays. The MT Historical Preservation projects will remain active with private grants expected to offset this negative balance prior to the closure of these projects. East Butte RRA Fund – ($395,291) – The East Butte RRA is new tax financing district and is currently operating via a loan from the Urban Revitalization Agency (URA). As the district market values expand, the tax increment will be utilized to pay off the loan to URA. This will offset the negative balance. Superfund Residential Metals Fund – ($74,018) – This fund covers activities under the Superfund Residential Metals program through a settlement agreement with British Petroleum (BP) (formerly ARCO). BP funds the program through a trust. The general fund has made an interim loan to the program to avoid delays. This project will be fully funded prior to closeout. Natural Resources Damages Program Project Fund ($164,094) – The Natural Resource Damages Program Projects covers the activities associated with the Greenway project. This fund accounts for several miles of trail system development, land acquisition for the trail access, and cleanup around this system. The State of Montana Natural Resource and Damages funding have funded for the most part these projects. The general fund has made an interim loan to the project to avoid delays. This project will be fully funded prior to closeout. Archives Debt Service Fund – ($804) – This fund accounts for the debt payments on $7.5 million in bonds issued in FY 2009. The City and County is funding this operation in the interim with a loan from the general fund so payments can proceed without delay. Property taxes will be levied in fiscal year 2009-2010 to cover this deficit. RTP Grants Fund – ($8,745) – The City and County is funding the project in the interim with a loan from the general fund so the project could continue as planned without delays. The RTP projects will remain active with private grants expected to offset this negative balance prior to the closure of these projects. Note 3 - Detailed Notes on All Funds 3-A. Deposits and Investments Primary Government’s Deposits State statutes require that all deposits in financial institutions be 50% collateralized as outlined in Montana Code Annotated, 17-6-103. Custodial Credit Risk – Deposits – the custodial credit risk for deposits is the risk that, in the event of a bank failure, the City and County’s deposits may not be recovered. Butte-Silver Bow policy related to custodial risk is to remain in conformity with MCA 17-6-103 as described above. At June 30, 2009, the carrying amount of the City and County's deposits, including certificates of deposit was $46,992,014 and the related bank balances totaled $47,279,940. Of the bank balance, $37,916,776 was covered by Federal Depository Insurance; $6,275,849 was collateralized by the pledging financial institution’s trust department or an agent in the City and County’s name and $380,630 was uncollateralized. Component Unit’s Deposits At June 30, 2009, the carrying amount of the Port Authority's deposits, including certificates of deposit of $1,171,711 and the related bank balances totaled $1,177,057 and were fully secured by Federal Depository Insurance or guaranteed or collateralized by government securities. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 55 Primary Government’s Investments Interest Rate Risk – Interest rate risk is the risk that changes in interest rates of debt investments will adversely affect the fair value of an investment. In compliance with the City and County’s Investment Policy, the City and County minimized the interest rate risk, related to the decline in the market value of securities due to rising interest rates in the portfolio by; limiting the duration of the investment of security types with the expectation of securities purchases related to reserve funds; structuring the investment portfolio so that the securities matured to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the secondary market. The City and County has invested operating funds primarily in short-term securities or the State of Montana investment pool. At June 30, 2009 the City and County had the following investments presented by maturity period: Fair Investment Type Value U.S. Government Securities 14,797,541 $ Wells Fargo Restricted Investmments 1,076,649 Montana Investment Pool "2a7 like" 44,474,580 Total Investments 60,348,770 $ Wells Fargo Restricted Investments consists of government money market funds which meet the requirements of Rule 2A-7 under the Investment Company Act of 1940. The investments consist of collateralized money market accounts (CMMA) which are insured by up to $250,000 by the FDIC. To the extent funds on deposit exceeds the FDIC limit, the uninsured amounts are covered by pledged collateral set aside by Wells Fargo Bank. Credit Quality Risk – Credit quality risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The City and County invest in the State of Montana Short Term Investment Pool (STIP). This pool has been deemed a 2a7 like pool. As of June 30, 2009 all STIP securities were registered in the nominee name for the Montana Board of Investments and held in the possession of the Board’s custodial bank, State Street Bank. In accordance with STIP Investments Policy, “repurchase agreements require electronic delivery of U.S. Government Treasury collateral, priced at 102 percent of market value, to the designated State of Montana Federal Reserve Bank account.” STIP contained two types of investments required to be disclosed, which are asset-backed securities and variable rate securities, which are described below. Corporate Asset-backed securities are based on cash flows from principal and interest payments on underlying auto loan receivables, credit card receivables, and other assets. These securities, while sensitive to prepayments due to interest rate changes, have less credit risk than securities not backed by pledged assets. Variable rate (floating-rate) securities have credit risk identical to similar fixed-rate securities; their interest rate risk is more sensitive to interest rate change. However, their face value may be less volatile than fixed rate securities because their value will usually remain at or near par as a result of their interest rates being periodically reset to maintain a current market yield. Amounts invested by the City and County in STIP may be redeemed at any date at the carrying value on that date. Additional information on the State of Montana Short-term Investment Pool may be obtained by writing to Montana Board of Investments, Department of Commerce, 2401 Colonial Drive, 3rd floor, Helena, MT, 59620-0126 or by calling (406) 444- 0001. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 56 Custodial Credit Risk - Custodial credit risk is the risk that, in the event of a bank failure, the City and County’s investments may not be recovered. None of the City and County’s investments are subject to custodial credit risk. Concentration of Credit Risk – Concentration of credit risk is the risk of loss attributed to the magnitude of the City and County’s investment in a single issuer. In compliance with the City and County Investment Policy, the City and County diversify its investment portfolio so that potential losses on individual securities are minimized. The only investments in excess of 5% of the City and County’s investment portfolio are invested in the State of Montana Short Term Investment Pool (STIP) as described above. Cash and Investment Reconciliation: Cash and Cash Equivalents Investments Total Fund Reporting Level: Governmental Funds - Balance Sheet 13,082,990 $ 31,893,814 $ 44,976,804 $ Governmental Funds - Balance Sheet - Restricted 7,254,297 - 7,254,297 Proprietary Fund Type Statement of Net Assets 2,571,780 11,228,122 13,799,902 Proprietary Fund Type Statement of Net Assets - Restricted 139,498 2,364,784 2,504,282 Fiduciary Fund 26,341,780 10,067,080 36,408,860 Less cash on hand (22,120) - (22,120) Total 49,368,225 $ 55,553,800 $ 104,922,025 $ Cash and cash equivalents 44,573,255 $ Investments 60,348,770 Total 104,922,025 $ 3-B. Receivables Receivables at June 30, 2009, consisted of taxes, interest, accounts (billings for user charges, including unbilled utility receivables), and intergovernmental receivables arising from grants. Receivables and payables are recorded on the City and County’s financial statements to the extent that the amounts are determined to be material and substantiated not only by supporting documentation, but also by a reasonable, systematic method of determining their existence, completeness, valuation, and in the case of receivables, collectibility. At June 30, 2009, the amount of allowance for uncollectibles was $31,000. 3-C. Property Taxes Generally, property taxes attach as an enforceable lien on property as of January 1. Taxes for each year are levied in October and are due at the earliest of December 31 or sixty days after the tax bill mailing. During the current year, the taxes were levied on November 30, 2009. The property taxes were due and recognized as an enforceable lien on January 31, 2009. The City real property taxes, special assessments and certain utility fees are assessed on November 1st of each year. Payments are due in two equal installments on November 30th and May 31st. Taxes and special assessments receivable are recorded the first working day of December. Tax liens are enforced for real property with taxes which are three years delinquent. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 57 3-D. Capital Assets Capital asset activity for the year ended June 30, 2009, was as follows: Balance Balance 6/30/2008 Additions Deductions 6/30/2009 Governmental activities Nondepreciable capital assets Land 3,905,689 $ 28,085 $ - $ 3,933,774 $ Construction in progress 961,811 2,151,008 779,604 2,333,215 Total nondepreciable capital assets 4,867,500 2,179,093 779,604 6,266,989 Depreciable capital assets Buildings 22,168,211 3,976,028 - 26,144,239 Improvements other than buildings 6,179,883 829,232 - 7,009,115 Machinery and equipment 16,663,184 1,753,379 112,743 18,303,820 Infrastructure 60,825,324 1,426,014 - 62,251,338 Total depreciable capital assets 105,836,603 7,984,653 112,743 113,708,513 Total capital assets 110,704,103 10,163,746 892,347 119,975,502 Accumulated depreciation Buildings 5,730,511 592,705 - 6,323,216 Improvements other than buildings 3,114,110 247,725 - 3,361,835 Machinery and equipment 10,686,208 1,263,791 99,147 11,850,852 Infrastructure 18,604,336 2,253,538 - 20,857,874 Total accumulated depreciation 38,135,166 4,357,759 99,147 42,393,778 Governmental activities capital assets, net 72,568,937 $ 5,805,987 $ 793,200 $ 77,581,724 $ Governmental activities depreciation expense General government 619,303 $ Public safety 799,435 Public works 691,339 Public health 20,092 Culture and recreation 179,153 Housing and community development 2,048,437 Total governmental activities depreciation expense 4,357,759 $ (This page continued on the subsequent page) ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 58 Balance Balance 6/30/2008 Additions Deductions 6/30/2009 Business-type activities Nondepreciable capital assets Land 1,299,935 $ - $ - $ 1,299,935 $ Construction in progress - 3,595,594 - 3,595,594 Total nondepreciable capital assets 1,299,935 3,595,594 - 4,895,529 Depreciable capital assets Buildings 27,615,592 8,539 - 27,624,131 Improvements other than buildings 58,452,604 2,515,776 - 60,968,380 Machinery and equipment 8,416,186 902,641 152,927 9,165,900 Total depreciable assets 94,484,382 3,426,956 152,927 97,758,411 Total capital assets 95,784,317 7,022,550 152,927 102,653,940 Accumulated depreciation Buildings 11,372,276 663,946 - 12,036,222 Improvements other than buildings 23,096,536 2,256,724 - 25,353,260 Machinery and equipment 5,766,851 442,590 135,016 6,074,425 Total accumulated depreciation 40,235,663 3,363,260 135,016 43,463,907 Business-type activities capital assets, net 55,548,654 $ 3,659,290 $ 17,911 $ 59,190,033 $ (This page continued on the subsequent page) ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 59 The following are the changes in component unit’s capital assets: Balance Balance 6/30/2008 Additions Deductions 6/30/2009 Component unit Nondepreciable capital assets Land 353,253 $ - $ - $ 353,253 $ Depreciable capital assets Warehouse and improvements 753,184 - - 753,184 Machinery and equipment 1,198,757 - - 1,198,757 HUB Transportation facility Buildings and improvements 4,105,172 14,200 - 4,119,372 Tracks 1,469,324 - - 1,469,324 Total depreciable capital assets 7,526,437 14,200 - 7,540,637 Total capital assets 7,879,690 14,200 - 7,893,890 Accumulated depreciation Warehouse and improvements 508,605 13,498 - 522,103 Machinery and equipment 924,825 35,261 - 960,086 HUB Transportation facility Buildings and improvements 1,719,689 98,083 - 1,817,772 Tracks 593,725 33,060 - 626,785 Total accumulated depreciation 3,746,844 179,902 - 3,926,746 Component unit capital assets, net 4,132,846 $ (165,702) $ - $ 3,967,144 $ 3-E. Interfund Balances and Transfers Interfund balances at June 30, 2009, consisted of the following amounts and represent charges for services or reimbursable expenses. These remaining balances resulted from the time lag between the dates that interfund goods or services are provided or reimbursable expenditures occur, transactions are recorded in the accounting period, payments between funds are made and to the reclassification of a cash overdraft in the City’s cash and investment pool. The City and County expects to repay most interfund balances within one year. Nonmajor Solid Internal Governmental Waste Service Payable to: Funds Fund Funds Total General Fimd 2,609,500 $ 245,334 $ 548,031 $ 3,402,865 $ Nonmajor Governmental Funds 410,000 - - 410,000 Metro Sewer Operations Fund 291,081 - - 291,081 Solid Waste Fund 31,421 - - 31,421 3,342,002 $ 245,334 $ 548,031 $ 4,135,367 $ Payable from: ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 60 The following is a summary of the interfund transfers: Transfers are used to move receipts restricted for debt service from the funds collecting the receipts to the debt service funds per bond covenants, and use unrestricted revenues in the general fund to finance various programs accounted for in other funds in accordance with budgetary authorization and for administrative functions related to the major business-type funds. 3-F. Landfill Post-closure Care State and federal laws and regulations require the City and County of City and County to place a final cover on its landfill site at Rocker when it stops accepting waste and to perform certain maintenance and monitoring functions at the site for thirty years after closure. Although closure and postclosure care costs will be paid only near or after the date that the landfill stops accepting waste, City and County reports a portion of these closure and postclosure care costs as an operating expense in each period based on landfill capacity used as of each balance sheet. The total estimated current cost of closure and postclosure care as of the balance sheet date is $1,956,636 and estimated total current cost remaining to be recognized is $1,746,262. These amounts are based on what it would cost to perform all closure and postclosure care in 2009. Percentage of landfill capacity used to date is about 10.75%. City and County expects to close the landfill in the year 2047. Actual cost may be higher due to inflation, changes in technology, or changes in regulations. City and County has elected to use the Local Government Financial test to assure financial requirements are met. 3-G. Compensated Absences Employees earn vacation leave at the rate of 15 days per year for the first 10 years. Between 10 and 20 years, employees earn vacation leave at an increasing rate, reaching 24 days per year after 20 years. There is no requirement that annual leave be taken, but the maximum permissible accumulation per Montana Code Annotated 2-8-617 is equal to twice the amount of the individuals’ annual leave. Any excess leave not taken used within 90 days of the calendar year-end is removed from the individuals annual leave account. At termination, employees are paid for any accumulated annual leave. Employees earn sick leave at the rate of 12 days per year. There is no limit on the accumulation of sick leave. At termination, employees are paid one day for every four days of accumulated sick leave earned after 1970. Nonmajor Nonmajor General governmental enterprise Transfers from: fund funds funds Total General fund - $ 348,903 $ 79,226 $ 428,129 $ Ramsey TIFID 42,920 3,773,061 15,000 3,830,981 Nonmajor governmental funds 39,183 2,414,653 - 2,453,836 Water utility division fund 100,000 - - 100,000 Metro sewer operations fund 150,000 - 150,000 Solid waste fund 35,000 15,000 - 50,000 Total 367,103 $ 6,551,617 $ 94,226 $ 7,012,946 $ Transfers to: ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 61 3-H. Long-Term Debt Governmental Activities Debt – The following is a summary of the outstanding debt for the City and County’s governmental activities. General Obligation Bonds – The City and County has four outstanding general obligation bond issues. On November 3, 1998, the voters of the City and County approved a referendum to issue $2,400,000 in general obligation bonds for the purpose of renovating the local Civic Center, a multi-use recreation, cultural, and social facility. The bonds were issued July 15, 1999 with varying rates of interest 4.65% to 6.00%. The total bonds outstanding on June 30, 2009 are $1,590,000. On November 6, 2001 the voters of the City and County approved a ballot measure to issue $12.574 million in general obligation bonds to construct a 75-bed detention facility, remodel the old historical jail facility into office space, and updated 911-dispatch center. On July 15, 2002 the City and County issued $4,990,000 of general obligation bonds with varying interest rates of 3.90% to 4.60% with average coupon of 4.31% and final maturity of July 1, 2022. On January 14, 2003 the City and County issued the remaining $7,584,000 of General Obligation Bonds. These bonds had varying interest rates of 2.00% to 4.75% with average coupon rate of 4.14% and carry a final maturity on July 1, 2022. The total bonds outstanding related to this project, as of June 30, 2009 are $9,745,000. On November 7, 2006 the voters of the City and County approved a ballot measure to sell up to $1.1 million in general obligation bonds for the purpose of financing the purchase of a 100’ Super HD Aerial Ladder Truck and associated equipment. On September 28, 2007 the City and County issued a $978,554 General Obligation Bond to the Montana Board of Investments (MBOI). The Bond has an initial interest rate of 4.85% and this will vary annually on the unpaid principal installments until the Bond is paid off on August 15, 2017. The total bonds outstanding related to this project, as of June 30, 2009 are $851,844. On November 14, 2007 the voters of the City and County approved a ballot measure to issue $7.5 million in general obligation bonds to construct an archives vault, and remodel and renovate the historic archives building. On July 9, 2008 the City and County issued $4,500,000 of general obligation bonds with varying interest rates of 3.50% to 5.50% with average coupon of 4.18% and final maturity of July 1, 2028. On February 18, 2009 the City and County issued the remaining $3,000,000 of General Obligation Bonds. These bonds had varying interest rates of 3.00% to 4.65% with average coupon rate of 4.06% and carry a final maturity on July 1, 2029. The total bonds outstanding related to this project, as of June 30, 2009 are $7,500,000. Annual debt service requirements to amortize the bonds are as follows: Fiscal Year Principal Interest Total 2010 875,214 $ 755,993 $ 1,631,207 $ 2011 960,214 745,053 1,705,267 2012 1,045,214 706,411 1,751,625 2013 1,085,214 665,570 1,750,784 2014 1,130,214 625,046 1,755,260 2015-2019 6,240,774 2,404,204 8,644,978 2020-2024 5,880,000 1,111,813 6,991,813 2025-2029 2,470,000 339,283 2,809,283 Total 19,686,844 $ 7,353,373 $ 27,040,217 $ (This page continued on the subsequent page) ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 62 Tax Increment Revenue Bonds – The City and County has three outstanding tax increment revenue bond issues. Tax Increment Bond, Series 1994 were issued with a final maturity date July 1, 2014 was issued. Future revenue from the tax increment financing district has been pledged to pay bond principal and interest as due. This series of bonds was originally issued in the amount of $915,000 with variable interest rate between 4.25% and 7.50% and a balance at June 30, 2009 of $405,000. Tax Increment Industrial Infrastructure Development Revenue Bonds, Series 1996, consisting of three different terms and rates. Future revenues from the industrial tax increment finance district have been pledged to pay bond principal and interest as due. Original amount of the issue is $26,785,000 consisting of: $13,285,000 at 6.89% with a final maturity of July 1, 2005; $2,715,000 at 7.185% with a final maturity of July 1, 2007 and $10,785,000 at 7.61% with a final maturity of July 1, 2021. The balance at June 30, 2009 was $9,720,000. Tax Increment Industrial Infrastructure Development Revenue Bonds, Series 1997, consisting of two different terms and rates. Future revenue from the industrial tax increment finance district has been pledged to pay bond principal and interest as due. Original amount of issue is $16,135,000 consisting of: $5,690,000 at 7.00% with final maturity of July 1, 2004 and $10,445,000 at 7.63% with final maturity of July 1, 2022. The balance at June 30, 2009 was $7,325,000. The Series 1996 and 1997 bonds were secured by a Reimbursement Agreement between the City and County of City and County (the issuer), Advanced Silicon Materials, Inc. and the Bank of Tokyo-Mitsubishi, LTD. In January 2006 Advanced Silicon Materials, Inc. was purchased by REC, Incorporated (Renewable Energy Corporation), a Norwegian Corporation. The letter of credit agreement was renewed on July 29, 2005 and assumed by REC, Incorporated. In Section 2 of this agreement the Bank of Tokyo-Mitsubishi, LTD agreed to issue a Letter of Credit to the Trustee for the joint and several account of the obligors in the amount of $23,050,000 to pay the principal of the bonds and 205 days of interest not exceeding $993,382.31 on the bonds. The amount available under the Letter of Credit is reduced to extent of principal payments paid per the Indenture or by which there is a drawing upon the maturity, redemption or acceleration of all of the bonds. The Reimbursement Obligation shall be paid on each Reimbursement Obligation Payment Date from the Trust Money per the Bond Indenture and from the pledged revenues, if not deposited in the Trust Funds. Provided the bank does not receive payment in full on each Reimbursement Obligation Payment date, REC, Incorporated, shall immediately pay to the Bank on demand the unpaid amount of such Reimbursement Obligation. There were no draws on the letter of credit for fiscal year ending June 30, 2009. Annual debt service requirements to amortize the bonds are as follows: Fiscal Year Principal Interest Total 2010 1,350,000 $ 1,277,464 $ 2,627,464 $ 2011 1,080,000 1,185,066 2,265,066 2012 875,000 1,110,710 1,985,710 2013 925,000 1,042,234 1,967,234 2014 990,000 972,384 1,962,384 2015-2019 5,820,000 3,600,283 9,420,283 2020-2024 6,410,000 1,154,837 7,564,837 Total 17,450,000 $ 10,342,978 $ 27,792,978 $ (This page continued on the subsequent page) ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 63 Special Improvement District (SID) Bonds - On July 15, 2003 the City and County of Butte-Silver issued $400,000 in Special Improvement District bonds referred to SID #1025. The special improvement district was created by Council Resolution #00-74 on December 20, 2000 in accordance with Section 7-12-4113, MCA. The proceeds from the bonds were used to pave 2.6 miles of the Blacktail Loop, a primary roadway through the McGuinness Tracts. The bonds carry an interest rate varying of 1.85%-4.30% with a final maturity of July 1, 2013. Annual debt service requirements to amortize the bonds are as follows: General Obligation Notes - Notes payable consist of State of Montana, Intercap Loan Program with final maturity date February 15, 2017. The original amount of notes was $2,519,234 with interest at a variable interest rate between 2.80% and 5.60%. Because the interest rates are variable, as a result it is not feasible to present the projected interest payable. Annual debt service requirements to amortize the notes are as follows: (This page continued on the subsequent page) Fiscal Year Principal Interest Total 2010 40,000 $ 8,465 $ 48,465 $ 2011 45,000 7,028 52,028 2012 50,000 5,303 55,303 2013 50,000 3,365 53,365 2014 55,000 1,183 56,183 240,000 $ 25,343 $ 265,343 $ Fiscal Year Principal 2010 268,072 $ 2011 172,911 2012 181,399 2013 190,296 2014 192,346 2015-2017 251,467 1,256,491 $ ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 64 Capital Leases During fiscal year ended June 30, 2001, the City and County acquired a new boiler system under the provisions of a long- term capital lease. This lease has a twenty-year term at a rate of 6.810%. For financial statement purposes minimum lease payments have been capitalized. Leases payable related to the acquisition appear in the governmental activities. The total cost of the boiler system was $577,685, with a current book value of $68,141. The outstanding balance of the corresponding liabilities is included in governmental activities long-term debt. Future minimum lease payments are as follows: (This page continued on the subsequent page) Fiscal Year Principal Interest Total 2010 32,154 $ 20,241 $ 52,395 $ 2011 33,897 18,498 52,395 2012 35,735 16,660 52,395 2013 37,672 14,723 52,395 2014 39,714 11,618 51,332 2015-2019 207,104 28,674 235,778 386,274 $ 110,415 $ 496,689 $ ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 65 Business-type Activities Debt – The following is a summary of the outstanding debt for the City and County’s business-type activities. Revenue Bonds The Water Utility Division has issued bonds where it has pledged income derived from the acquired or constructed assets to pay debt service. The bonds are payable solely from and secured by the net revenues of the Water Utility Division and certain accounts maintained pursuant to the indenture. Bond covenants require that Water Utility net revenues must at least equal or exceed 125 percent of the annual debt service payment during the term of the bonds. Net revenues for fiscal year ended June 30, 2009 were 133 percent of the annual debt service payment. Also, all bond covenants relating to the reserve requirements have been met. On September 24, 2008, the City and County of Butte-Silver Bow issued $5,880,000 in Water System Refunding Bonds with an interest rate between 3.125% and 3.25% to refund $7,135,000 of outstanding 1998 Series bonds with an interest rate of 2.0% to 3.6%. The net proceeds of $5,849,533 (after payment of $128,430 underwriting fees, insurance, and other issuance costs) plus an additional $1,460,000 of 1998 Series Reserve Fund monies were used to extinguish the remaining Series 1998 bonds. The reacquisition price exceeded the net carrying amount of the old debt by $621,995. This amount is netted against the new debt amortized over the new debt’s life, which is equal to the refunded debt. The transaction also resulted in an economic gain of $390,887 and a reduction of $559,429 in future debt service payments. Revenue bonds outstanding consisted of Water System acquisition and improvements: 2003 Series Bonds with variable rates between 2.00% and 3.60% outstanding balance of $3,645,000 and 2008 Series Bonds with variable rates between 3.13% and 3.25% outstanding balance of $5,880,000. The 2003 Series has a final maturity of November 1, 2013and the 2008 Series has a final maturity of November 1, 2014. The total revenue bonds, issued by the Water Utility Division, outstanding on June 30, 2009, net of unamortized discount, are $9,008,159. Annual debt service requirements to amortize the revenue bonds are as follows: Fiscal Year Principal Interest Total 2010 1,580,000 $ 293,924 $ 1,873,924 $ 2011 1,645,000 241,881 1,886,881 2012 1,690,000 190,332 1,880,332 2013 1,740,000 130,763 1,870,763 2014 1,810,000 81,965 1,891,965 2015-2019 1,060,000 34,450 1,094,450 Total 9,525,000 $ 973,315 $ 10,498,315 $ (This page continued on the subsequent page) ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 66 Changes in Long-term Debt - Changes in the City and County’s long-term obligations consisted of the following for the year ended June 30, 2009: Outstanding Outstanding Amounts Due Governmental Activities 6/30/2008 Additions Reductions 6/30/2009 in One Year General obligation bonds 12,887,058 $ 7,500,000 $ 700,214 $ 19,686,844 $ 875,214 $ Less unamortized bond premium - 124,635 4,808 119,827 - Total bonds payable 12,887,058 7,624,635 705,022 19,806,671 875,214 General obligation notes 1,512,861 - 256,369 1,256,492 268,072 Tax increment 19,200,000 - 1,750,000 17,450,000 1,350,000 SID bonds 280,000 - 40,000 240,000 40,000 Capital leases 416,774 - 30,500 386,274 32,154 Compensated absences 2,284,549 1,040,774 973,825 2,351,498 1,003,040 Total Governmental Activities 49,468,300 $ 16,290,044 $ 4,460,738 $ 61,297,606 $ 4,443,693 $ Business-Type Activities Revenue bonds 12,440,000 $ 5,880,000 $ 8,795,000 $ 9,525,000 $ 1,580,000 $ Less unamortized: Refunding loss (492,189) (81,823) 87,771 (486,241) - Premium - 97,983 14,409 83,574 - Discount (195,948) - 81,773 (114,175) - Total bonds payable 11,751,863 $ 5,896,160 $ 8,978,953 $ 9,008,158 $ 1,580,000 $ Notes payable 39,065 - 39,065 - - Compensated absences 554,825 307,192 270,767 591,250 278,888 Landfill postclosure costs 187,330 23,044 - 210,374 5,259 Total Business-Type Activities 12,533,083 $ 6,226,396 $ 9,288,785 $ 9,809,782 $ 1,864,147 $ Component Unit Revenue bonds payable 78,550 $ - $ 78,550 $ - $ - $ Compensated absences 93,424 38,653 37,473 94,604 39,806 Total Component Unit 247,420 $ 38,653 $ 116,023 $ 94,604 $ 39,806 $ The debt service funds are retiring the general obligation bonds, the tax increment bonds and the SID bonds. The general retired the capital lease. Amounts on landfill closure costs are being repaid from the solid waste enterprise fund. Principal and interest payments related to the City and County’s revenue bonds are financed from income derived from the operation of the water system and the solid waste program. The community facilities fund is retiring the business-type activities notes payable. The compensated absences are being paid by the fund where the employee works, primarily the general fund and the each enterprise fund. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 67 3-I. Pensions Primary Government - All City and County full-time employees participate in one of four state-wide cost-sharing multiple-employer retirement benefit plans administered by the Montana Public Employee Retirement Agency (MPERA). Contributions to the four plans are as required by state statute. Total City and County payroll for employees covered by a retirement plan for fiscal year ended June 30, 2009 was $18,644,134. The MPERA issues a Comprehensive Annual Financial Report for all State of Montana Retirement Systems. That report may be obtained by writing to MPERA at 1712 Ninth Avenue, PO Box 200131, Helena, MT 59620-0131, or by calling [PHONE REDACTED]. Information about the four plans the City and County participates in is presented below: Public Employees' Retirement System (PERS) All City and County employees, except firefighters and police officers, are provided pension benefits by this plan. The Public Employees’ Retirement System (PERS) is a statewide retirement plan established in 1945 and governed by Title 19, chapters 2 & 3 of the Montana Code Annotated providing retirement services to substantially all public employees. The PERS is a mandatory multiple-employer, cost-sharing plan administered by the Montana Public Employee Retirement Agency (MPERA). The PERS offers retirement, disability and death benefits to plan members and their beneficiaries. Benefit eligibility is age 60 with at least five years of service; age 65 regardless of service; or 30 years of service regardless of age. Actuarial reduced benefits may be taken with 25 years of service or at age 50 with at least five years of service. retirement benefits are determined by taking 1/56 times the number years of service times the final average salary. Members’ rights become vested after five years of service. The authority to establish, amend and provide cost of living adjustments for the plan is assigned to the State Legislature. The Board of Directors for MPERA issues a publicly available financial report that includes financial statements and required supplementary information for MPERA. That report is available from the MPERA at 1712 Ninth Avenue, PO Box 200131, Helena, MT 59620-0131, or by calling [PHONE REDACTED]. The State Legislature has the authority to establish and amend contribution rates to the plan. Plan members are required to contribute 6.9% of their compensation and the local government is required to contribute the same 6.8% of the member’s compensation. City and County’s contributions to this plan for the years ended June 30, 2009, 2008 and 2007 were $987,609, $898,989 and $836,730, respectively, equal to the required contributions for each year. The State of Montana on behalf of the City and County of City and County contributed .10% of the covered wages to the Public Employees Retirement System. The on behalf payment for fiscal year ending June 30, 2009 was $14,230. The financial statements reflect the related revenue and expenditure for this on behalf payment. The Port of Montana Port Authority, a discretely presented component unit, also participates in the State of Montana cost sharing multiple employer plan (PERS) for all employees not participating in collective bargaining labor contracts. The contribution rate for employees was 6.9% in 2009. The Plan is administered by the State of Montana. The Authority contribution for the year ended June 30, 2009, 2008, and 2007 was $34,021, $34,772 and $32,418. This represents 6.80% of covered payroll, and also includes additional voluntary contributions permitted by State Law. The State of Montana on behalf of the Port of Montana Port Authority contributed .10% of the covered wages to the Public Employees Retirement System. The on behalf payment for fiscal year ended June 30, 2009 was $246. Participants become eligible for benefits after age 60 and 5 years of service, after age 65 regardless of service, or 30 years of service regardless of age. The benefit is 1/60 of the final compensation for each year of credited service, paid as a modified cash refund annuity. A participant is eligible for early retirement benefits after age 50 and 5 years of service or after 25 years of service regardless of age. (This page continued on the subsequent page) ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 68 Firefighters' Unified Retirement System (FURS) The Firefighters’ Unified Retirement System (FURS) was established in 1981 and governed by Title 19; Chapter 13 of the Montana Code Annotated provides retirement services for fully paid firefighters. FURS is a mandatory multiple-employer, cost sharing plan by the Public Employees’ Retirement Division (PERD). The FURS offers retirement, disability and death benefits to plan members and their beneficiaries. A member may retire with a normal retirement benefit after completing 20 years of service, regardless of age. The service retirement benefit, for members hired before July 1, 1981 is equal to 1/2 of the last compensation received. An additional amount equal to 2% of the last compensation earned for each year in excess of 20 years can be received. For those hired on or after July 1, 1981, the retirement allowance is equal to 2% of the final average compensation for each year of service. Post retirement benefits are 50% of a current firefighter’s salary. Rights become vested after ten years of service. The authority to establish, amend and provide cost of living adjustments for the plan is assigned to the State Legislature. The State Legislature has the authority to establish and amend contribution rates to the plan. Plan members with a hire date prior to July 1, 1997 under the 1997 State Legislature had the option to elect to stay under the existing FURS plan or by December 31, 1997 could elect the amended plan, which contains a Guaranteed Annual Benefit Adjustment (GABA). All employees hired after July 1, 1997 are under the amended FURS plan. Plan members not electing GABA are required to contribute 9.50% of their compensation. Plan members electing GABA and those employees hired after July 1, 1997 are required to contribute 10.70% of their compensation. The local government is required to contribute 14.36% of the member’s compensation. City and County’s contributions to this plan for the years ended June 30, 2009, 2008, and 2007 were, $236,091, $222,132 and $206,164 respectively, equal to the required contributions for each year. The State of Montana on behalf of the City and County of City and County contributed 32.61% to FURS. The on behalf payment for fiscal year ended June 30, 2009 was $622,842. The financial statements reflect the related revenue and expenditures for this on behalf payment. Municipal Police Officers' Retirement System (MPORS) The Municipal Police Officers’ Retirement System (MPORS) was established in 1975 and governed by Title 19, chapters 2 & 9 of the Montana Code Annotated covers all municipal police officers of cities covered by the plan. MPORS is a mandatory multiple-employer, cost sharing benefit plan administered by the Public Employees’ Retirement Division (PERD). The MPORS offers retirement, disability and death benefits to plan members and their beneficiaries. Minimum years of service are 20 for benefit eligibility. The retirement benefit is calculated as follows: 2.5% x Final Average Salary x Years of Service. Any officers meeting the service year retirements shall receive 1/2 of the final average salary. Rights become vested after 10 years of service. The authority to establish, amend and provide cost of living adjustments for the plan is assigned to the State Legislature. The State Legislature has the authority to establish and amend contribution rates to the plan. Plan members with a hire date prior to July 1, 1997 under the 1997 State Legislature had the option to elect to stay under the existing MPORS plan or by December 31, 1997 could elect the amended plan which contains a guaranteed annual Benefit Adjustment (GABA). All employees hired after July 1, 1997 are under the amended MPORS plan. Plan members not electing GABA are required to contribute 5.80% (for members prior to July 1, 1975), 7% (for members hired between July 1, 1975 and June 30, 1979) and 8.5% (for members hired on and after July 1, 1979) of their compensation. Plan members electing GABA and those employees hired after July 1, 1997 are required to contribute 9% of their compensation. Employers are required to contribute 14.41% of member’s compensations. City and County’s contributions to this plan for the years ended June 30, 2009, 2008, and 2007 were $292,412, $288,716 and $250,382, respectively, equal to the required contributions for each year. The State of Montana on behalf of the City and County of City and County contributed 29.37% to MPORS. The on behalf payment for fiscal year ended June 30, 2009 was $961,634. The financial statements reflect the related revenue and expenditures for this on behalf payment. (This page continued on the subsequent page) ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 69 Sheriff's Retirement System (SRS) The Sheriffs’ Retirement System (SRS) was established in 1974 and governed by Title 19; Chapter 7 of the Montana Code Annotated covers all persons employed as sheriffs. SRS is mandatory multiple-employer, cost sharing benefit plan administered by the Public Employees’ Retirement Division (PERD). The SRS offers retirement, disability and death benefits to plan members and their beneficiaries. Minimum years of service are 20 regardless of age for a normal retirement benefit. The service retirement is calculated as follows: 2.0834% of the final salary for each year of creditable service; members with more than 24 years of service shall receive an additional 1.35% of the final average salary for each year of creditable service in excess of 24 years. After 10 years of service, an employee has vested right to service retirement benefits. The authority to establish, amend and provide cost of living adjustments for the plan is assigned to the State Legislature. The State Legislature has the authority to establish and amend contribution rates to the plan. Plan members are required to contribute 9.245% of compensation and employers are required to contribute 9.535% of member’s compensations. City and County’s contributions to this plan for the years ended June 30, 2009, 2008, and 2007 were $73,626, $67,898and $55,080 respectively, equal to the required contributions for each year. Component Unit - The Port of Montana, Port Authority participates in a multi-employer pension plan. The Multi-Employer Pension Plan Amendments Act of 1980 amended ERISA to establish funding requirements and obligations for employers participating in multi-employer plans, principally related to employer withdrawal from or termination of such plans. The Authority may be liable on termination of withdrawal from the plan, for an allocated share of the plan’s unfunded vested liabilities. Separate actuarial calculations of the Authority’s position are not available with respect to the multi-employer plan. Contributions to the multi-employer plan were for fiscal years ended June 30, 2009, 2008, and 2007 were $23,824, $20,895, and $21,943 respectively. 3-J. Net Assets Net assets on the government-wide statement of net assets as of June 30, 2009 are as follows: Business Governmental Type Component Invested in capital assets, net of related debt: Activities Activities Unit Cost of capital assets 119,975,502 $ 102,653,940 $ 7,893,890 $ Less accumulated depreciation 42,393,778 43,463,907 3,926,746 Book value 77,581,724 59,190,033 3,967,144 Less capital related debt 39,259,264 9,525,000 - Less bond discounts 119,827 516,542 - Invested in capital assets, net of related debt 38,442,287 $ 50,181,575 $ 3,967,144 $ (This page continued on the subsequent page) ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 70 Governmental Activities – The following are net assets restricted for specific purposes: Governmental Activities: Restriction/Fund Amount Accumulation Authorized by Law: Tax increment bond fund 710,605 $ SID revolving fund 91,395 Total 802,000 $ Debt Service/Bond Restrictions: Tax increment bond fund 341,963 $ AsiMi bond fund 3,247,841 Ladder truck bond fund 2,514 Civic center fund 35,705 LEA detention center & admin. project 168,291 Total 3,796,314 $ Economic Development* Ceased Mining Operations: Hard rock mind trust 3,848,433 $ *These restricted assets are to be used in accordance with Montana Code Annotated, (MCA) 7-6-2225 which includes for the use of planning and economic development activities if mining operation has ceased or the number of employees is less than one half of the average number of perons employed full-time in mining activities by the mining operation in the previous 5-year period. Business-type Activities - The following are net assets restricted for specific purposes: Business-type Activities: Restriction/Fund Amount Debt Service/Bond Restrictions: Water utility division fund: Operations and maintenance 464,000 $ Current debt service 958,941 Replace and depreciation 941,843 Total 2,364,784 $ ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 71 Note 4 - Other Notes 4-A. Risk Management The City and County faces a considerable number of risks of loss, including a) damage to and loss of property and contents, b) employee torts, c) professional liability, i.e. errors and omissions, d) environmental damage, e) workers' compensation i.e. employee injuries, and f) medical insurance costs of employees. A variety of methods are used to provide insurance for these risks. The City and County participate in two statewide public risk pools operated by the Montana Municipal Insurance Authority, for workers' compensation and for tort liability coverage. Given the lack of coverage available, the City and County have no coverage for potential losses from environmental damages. The City and County participates in a statewide property insurance pool also operated by the Montana Municipal Insurance Authority, transferring all risk of loss except for small deductible amounts. Coverage limits and the deductibles on the commercial policies have stayed relatively constant for the last several years. The premiums for the policies are allocated among enterprise and other funds on the basis of various risk exposures. The Comprehensive Insurance Fund makes a special purpose property tax levy for this purpose as it relates to the governmental activities. Settled claims resulting from these risks have not exceeded commercial insurance coverage in any of the past three fiscal years. In late 1985, City and County joined with over 70 other Montana cities and towns to form a self-insurance pool offering worker's compensation and general liability. Liability limits of $750,000 per person and $1,500,000 per accident based on the memorandum of liability coverage obtained through the insurance pool, both public entity risk pools currently operating as common risk management and insurance programs for the member governments. The City and County has a $10,000,000 umbrella policy for excess liability coverage. The City and County pays an annual premium for its employee injury insurance coverage, which is allocated to the employer funds based on total budgeted salaries and wages and an annual premium for tort liability. The agreements for formation of the pools provide that they will be self-sustaining through member premiums. The tort liability plan and workers' compensation program issued a $7.610 million, to finance the necessary insurance reserves. All members signed a contingent note for a pro rata share of this liability in case operating revenues were insufficient to cover the debt service. The City and County's share is $701,243 for the workers' compensation program. Based on both plans' current financial position, the City and County does not expect to make any payments on the note. The pool uses an actuarial calculation. Claims incurred but not reported (IBNR's) have been considered when determining the claims liability. City and County began a self-insurance medical program in October of 1990. This plan provides employee health benefits up to a $2,500,000 in a lifetime maximum. City and County purchases commercial insurance for individual claims in excess of $120,000. This coverage is provided by the fund. All funds of the local government participate in the program and make payments to the insurance plan based on actuarial estimates of the amounts needed to pay prior and current year claims and to establish a reserve for catastrophic losses. That reserve was $2,007,968 at June 30, 2009. 2009 2008 Claims payable, beginning of year 212,499 $ 367,996 $ Claims incurred during the year 3,050,337 2,660,948 Claims paid during the year (2,948,967) (2,816,445) Claims payable, end of year 313,869 $ 212,499 $ Reconciliation of Claims Payable ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2009 72 4-B. Subsequent Events On December 7, 2009, the Urban Revitalization Agency (URA) granted a $1,350,000 loan to Kujawa Development LLC to assist in funding the renovation of the historic Sears building. As part of the financing, $450,000 that was previously granted to Kujawa Development LLC was required to be paid back at closing, effectively reducing the loan amount to $900,000. The entity evaluated subsequent events through the date the accompanying financial statements were issued, which was January 6, 2010. 4-C. Contingent Liabilities Grants - Amounts received or receivable from grantor agencies are, subject to audit and adjustment by grantor agencies. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor cannot be determined at this time although the City and County expects such amounts, if any, to be immaterial. Lawsuits - The City and County was a defendant in several lawsuits at June 30, 2009. In the opinion of City and County management, the outcome of these contingencies will not have a material effect on the financial position of the City and County. Superfund - The City and County is a potentially responsible party (PRP) in the Superfund site designated as Butte Priority Soils Operable Unit (BPSOU). Butte-Silver Bow (BSB) is a participating member of PRP group. A settlement agreement regarding responsibilities for remedial actions has been approved between British Petroleum (BP), (successor to Arco) and BSB. The effect of the settlement agreement is to assign financial responsibilities to BP and the majority of cleanup and maintenance responsibilities to Butte-Silver Bow. The consent degree regarding this matter has not yet been finalized. In the opinion of City and County management, the outcome of any contingencies regarding Superfund BPSOU will not have a material effect on the financial position of the City and County. 4-D. Construction Commitments As of June 30, 2009, the City has made the following construction commitments: Project Expended to Future Authorized June 30, 2009 Financing Seacast building 4,965,984 $ 3,920,095 $ 1,045,889 $ Archives building and renovation 5,586,892 1,495,382 4,091,510 High service water tank replacement 1,809,143 1,596,202 212,941 12,362,019 $ 7,011,679 $ 5,350,340 $ Project Description 4-E. External Investment Pool The City and County maintained an external investment pool for one entity outside of the City and County reporting entity for fiscal year ended June 30, 2009. The pool consists solely of investments in the State of Montana Investment Pool, which has been deemed 2a7 like. These investments are reported at amortized cost. On June 30, 2009 the pooled investment’s fair value was $8,678,335, which is the value of the pooled shares. In the State of Montana there is no regulatory oversight for this pool of investments. A separately issued report exists for the external investment pool maintained by the City and County. This report can be obtained by writing to the City and County, Finance and Budget office, at 155 West Granite Street, Butte, MT 59701, or by calling 406/497-6322. ---PAGE BREAK--- Combining Financial Statements 73 ---PAGE BREAK--- 74 Non-major Governmental Funds Special Revenue Funds Special revenue funds are used to account for specific revenues that are legally restricted to expenditure for a particular purpose. Combined Special Improvement District – Accounts for revenues received through special assessments, which are expended in specific districts for street lighting, maintenance, and fire hydrants etc… Divide Garbage – Accounts for the revenue and expenditures for the collection and disposal of solid waste within the unincorporated community of Divide. Melrose Garbage – Accounts for monies received and expended for the collection and disposal of solid waste within the unincorporated community of Melrose. SID #1025 Blacktail Loop – Accounts for the construction special assessments being collected for a 2.6 mile paving project in the McGinnis subdivision. The district was created by council resolution #00-74 on December 20, 2000. Road Fund – Accounts for revenues and expenditures related to street maintenance and improvement within the city/county. Bridge – Accounts for revenues and expenditures for bridge maintenance and improvements within the city/county. Noxious Weed – Accounts for revenues and expenditures for the control of noxious weeds within the city/county. Parking Commission – Accounts for revenues and expenditures for the regulating of parking and lot maintenance. District Court – Accounts for revenues and expenditures for the operation of the District Court System. Civic Center – Accounts for revenues and expenditures for the operation of the Butte-Silver Bow Civic Center. Parks – Accounts for revenues and expenditures for upkeep and improvements at specified parks. Library – Accounts for grants and donations received by the library to assist with their operations. Public Archives – Accounts for revenues and expenditures for the operation of the Public Archives. Economic Development – Voter approved one mill levy for Economic Development purposes. Economic Development (HR) - This fund accounts for monies received as a result of distributions from Fund 2391 (Hard Rock Mine Trust Reserve). The monies are to be expended in accordance with MCA 7-6-2225 . ---PAGE BREAK--- 75 Non-major Governmental Funds Special Revenue Funds Transit – Accounts for revenues and expenditures for the operation of the city-county transit system Health – Accounts for federal and state revenues utilized for health programs within the local government. Senior Citizens – Accounts for property tax revenues to be utilized for senior citizens’ activities within the community. Developmentally Disabled – Accounts for revenues and expenditures for developmentally disabled programs within the community. Damages and Judgments – Accounts for property tax and other revenues received and expended for claims and judgments against the city-county. Fire – Accounts for property and other tax revenues received and expended for fire protection and prevention. Comprehensive Insurance – Accounts for property taxes and other revenues received and expended for property and liability insurance for the local government. Crime Control – Accounts for grants received from the State Board of Crime Control for various projects within the community. Land Planning – Accounts for revenues received from the State of Montana coal tax fund, which must be utilized for land planning projects Junk Vehicle – Accounts for revenues received from the State of Montana for the removal of junk vehicles within the city-county. ARCO Planning Greenway Project - This fund accounts for the planning, design, construction, maintenance and operation of the Silver Bow Greenway, under the authority of the multi- jurisdictional Anaconda-Deer Lodge and Butte-Silver Bow counties Greenway Service District. The fund also includes authority to spend anticipated revenues from Montana Department of Transportation to build the first one to two miles of the Greenway. Superfund Water Quality District - This fund was established to monitor the activities of the Water Quality District established by the Council of Commissioners. The accounts are funded through the allocation agreement between Butte-Silver Bow and Arco. Sidewalks – Accounts for revenues received through special assessments and expended for sidewalk reconstruction throughout the city-county. Uptown Parking – Accounts for revenues from special assessments within the Uptown Business District to be expended for parking lot maintenance. Reclamation Fund – Accounts for revenues received from the State of Montana for land reclamation projects within the city-county. From the Montana Resources Indemnity Trust Fund. ---PAGE BREAK--- 76 Non-major Governmental Funds Special Revenue Funds URA Economic Development – Accounts for revenues received and expended for the tax increment district located within the uptown area of the city-county. Community Development – Accounts for loans and grants and economic development for neighborhood revitalization established from balances remaining from discontinued federal and state programs and grants. Hard Rock Mine Trust – Accounts for revenues resulting from the metalliferous mines tax. Funds are held in reserve and cannot be utilized until a reduction or closure of a major mining operation occurs within the jurisdiction. Community Development Block Grant Projects – Accounts for revenues received from the federal government through the State Department of Commerce to be expended for housing rehabilitation and economic development for selected projects in selected areas within the city-county. Montana Pole Institutional – Accounts for revenues received by ARCO, Burlington Northern Railroad and Montana Resources, Inc. The funds will be used to reclaim and maintain lands at the Montana Pole Superfund Site and to install a modest park in the area. 911 Emergency Service – Accounts for a tax imposed on all phone calls. Revenues generated from this source are used to finance improvements to the emergency dispatch centers and communication systems. CTEP Grants – State grants and private matching funds for Interstate Signage Project, Landscaping associated with community corridor entrances and the construction of walking track along Continental Drive. DNRC Grants – These grants provide for the capability to respond to mine waste subsidence problems on properties owned by Butte-Silver Bow or properties that have been abandoned by previous owners. Local Law Enforcement Block Grants – Grants aimed at preventing violence in the community. Funds are used to enhance security in schools by providing training and equipment for school resource officers. Also, purchasing of devices to maintain security throughout the schools. Clark Tailings Operation & Maintenance Trust – Funds received from ARCO as part of an agreement for the purpose of making improvements to existing American Legion baseball field and for the maintenance of new parkland reclaimed by ARCO. PIT Watch Education Program - Through an advisory committee appointed by the Chief Executive, Butte-Silver Bow sponsors the Berkeley Pit Public Education Program, which has been designed to keep citizens informed on the water levels in the Berkeley Pit and surrounding mine shafts. The Committee's work includes publishing PITWATCH twice per year and conducting education presentations at local schools. Since 1996, the program has been funded on an annual basis. In 2002, a trust fund of $170,000 was established to support the Committee's work for a minimum of 15 years, or until all water treatment plant operations are fully operable at the Berkeley Pit. An annual appropriation of approximately $15,000 is made from the trust to cover expenses of the Committee. ---PAGE BREAK--- 77 Non-major Governmental Funds Special Revenue Funds ARCO Historic Preservation Grant - Butte-Silver Bow has received funds from BP-Atlantic Richfield to fulfill certain obligations and projects associated with the mitigation of the loss or impacts to historic resources during the environmental cleanup activities within the Butte Priority Soils Operable Unit of the Butte/Silver Bow Creek Superfund Site. In this program account, Butte- Silver Bow will make improvements to the historic mine yards along the BA&P pedestrian trail, such as replacing roofs on mine yard buildings, installing restrooms, and installing interpretive displays. Renovation & Rehabilitation Agency - The East Butte Renovation and Rehabilitation Agency was created by in January 2005 with final establishment of the district and board taking place in early 2006. The mission of the East Butte RRA is to promote the re-development and stimulate capital investment in the East Butte area. County Land Planning – This fund was created by Montana Code Annotated 90-1-108 to account for the funds generated by recording fees to assist in the management of land records. Department of Justice Grants – These Grants, known as JAG, are federally funded to be used by the local law enforcement to assist in the capital needs of law enforcement. Mt Historical Preservation Grants - Grants from the State Historic Preservation Office to the City and County of Butte-Silver Bow in the amount of $15,000 to advance heritage tourism activities in Butte and southwest Montana by developing a "Trail system" of historic and cultural sites. Superfund Health Studies - This fund is part of the superfund trust agreement with British Petroleum, formally known as Atlantic Richfield Company (Arco) and Butte-Silver Bow. The funds are allocated to perform health studies related to mine waste. Superfund Health Studies – This fund is part of the superfund trust agreement with British Petroleum, formally known as Atlantic Richfield Company (ARCO) and Butte-Silver Bow. The funds are allocated to perform health studies related to mine waste. ARCO Superfund Land Mgt (GIS) - Butte-Silver Bow has entered into an allocation agreement with BP-Atlantic Richfield to perform certain duties associated with the long-term stewardship of the Butte Priority Soils Operable Unit of the Butte/Silver Bow Creek Superfund Site. In this program account, Butte-Silver Bow will perform GIS mapping and data management services, as well as legal and land records management services. Anaconda ARCO - Community Readjustment-Anaconda/Arco: the Community Readjustment Fund was established with a $500,000 grant from ARCO following the suspension of mining operations in 1985. The funds were used to make venture loans to new or expanding businesses in the community. The revolving loan fund continues to flow loans throughout the community as approved by the Anaconda-Arco Loan Committee through the Butte Local Development Corporation upon Butte-Silver Bow Council approval. ARCO Lead Program – Accounts for revenues received through a grant from ARCO in a designated superfund site. The grant is to be used to test mining impact on residences for the presence of concentrated levels of lead. ---PAGE BREAK--- 78 Non-major Governmental Funds Special Revenue Funds Superfund Residential Metals - This fund relates to the Superfund Residential Metals program. British Petroleum, formally known as Atlantic Richfield Company (Arco), funds the program through settlement trust funds which are payable to Butte-Silver Bow. Butte-Silver Bow is responsible under the program to conduct time critical soil removal in the city of Walkerville where soils exceed safe levels of lead, arsenic, and/or mercury. Resources Damages Greenway Project - Natural Resource Damage Program grant funds the design, engineering and construction costs associated with the Greenway Service District. These funds account for the year 4 grant submittal. East Butte RRA Revolving Loan - This fund relates to the Loan activity of the East Butte Renovation and Rehabilitation Agency. The loans are issued to promote the re-development and stimulate capital investment in the East Butte area. This fund is a revolving loan fund and will remain in existence after the East Butte RRA District sunsets. ARCO Redevelopment Trust - ARCO Redevelopment Fund – This fund is financed through an agreement between the City and County and Atlantic Richfield Company. These resources are being used for land management, time critical soils removal, the establishment of water quality testing, conduct health studies, study the municipal underground water system, and for the operation and maintenance of reclaimed mine site (source areas) and storm water structures. Superfund Storm Water System - Butte-Silver Bow has entered into an allocation agreement with BP- Atlantic Richfield to perform certain duties associated with the long-term stewardship of the Butte Priority Soils Operable Unit of the Butte/Silver Bow Creek Superfund Site. In this program account, Butte-Silver Bow will perform operation and maintenance of reclaimed mine sites (source areas) and storm water structures on the Butte Hill. ---PAGE BREAK--- Debt Service Funds The debt service funds are used to account for the accumulation of resources and payment of general obligation bond principal and interest from governmental resources and special assessment bond principal and interest from special assessment levies when the government is obligated in some manner for the payment. Tax Increment Bond District – This fund exists to service the debt for the Urban Revitalization Agency’s Tax Increment Urban Renewal Bonds. SID Revolving – Accounts for property tax revenue received and expended for the payment of special improvement district bond principal and interest. Civic Center Bond Issue – This fund was established per the bond indenture to account for the debt service payments related to the Civic Center General Obligations Bond Issue. LEA Detention Center & Administration Project – General obligation bonds funding the renovation of the Local Law Enforcement Agency administrative offices, 911-Dispatch Center and the new 75-bed Detention Center. Ladder Truck Debt Service – This fund accounts for the annual debt service requirements relating to the issue of $978,554 in General Obligation Bonds for the purchase of an aerial ladder truck approved by voters in November 2006. ASIMI Bond - This fund accounts for the Principle and Interest payments related to the TIFID bond issues for the purpose of constructing infrastructure in the Ramsay TIFID. Archives Debt Service – This fund accounts for the annual debt service requirements relating to the issue of $7,500,000 in General Obligation Bonds for the renovation of the old Archives building and construction of the new storage vault. 79 ---PAGE BREAK--- Capital Project Funds Capital project funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary funds and trust funds. Capital Improvements – Accounts for various capital acquisitions and/or improvements by the city-county. Highway Abandonment Fund – Accounts for monies received from the State of Montana for road reconstruction projects. Revenues for this fund are derived from a payment made by the Anaconda Company for a road closure. Junk Vehicle Capital Reserve – Accounts for Butte-Silver Bow’s collection of motor vehicle license fees assessed for the purpose of transporting and disposing of abandoned vehicles. The State of Montana Junk Vehicle Program allows a 10% carryover to a capital reserve fund for future capital expenditures to operate the program. Silver Lake Water Distribution System Improvements – Accounts for a capital project constructing the Silver Lake Water System for supply and distribution of water from Silver Lake. The capital is financed through funds received from ARCO. Archives Building Fund – This capital project improvement fund was established to account for the costs of renovating and expanding the Butte-Silver Bow Public Archives Building. The project is funded by a voter approved General Obligation Bond Issue totaling $7.5 million. Construction began in the fall of 2008. The bonds will be issued in two different issues. The first issue will have a sale date of July 9, 2008 in the amount of $4,500,000. Civic Center Renovation Project – Accounts for the renovation and construction of multi-use public facility funded by a voter approved General Obligation Bond Issue. Detention Center and LEA Administration Project – Accounts for the renovation of a historical jail facility into Law Enforcement Agency Offices and modernization of the 911 Dispatch Center with the major portion of the funds being directed to the construction of a new 75-bed detention facility. The project is funded by the passage of a $12.574 million in voter approved general obligation bonds. The offices and 911 Dispatch Center were completed in the fall of 2003. The Detention Center was completed and began to house inmates in the fall of 2004. 80 ---PAGE BREAK--- Nonmajor Nonmajor Nonmajor Total Special Debt Capital Nonmajor Revenue Service Projects Governmental Funds Funds Funds Funds Assets Cash and cash equivalents 6,411,769 $ 1,144,486 $ 2,625,471 $ 10,181,726 $ Investments 11,277,534 47,967 7,539,478 18,864,979 Restricted assets - investments 3,848,433 3,405,864 - 7,254,297 Receivables: Accounts 3,209,729 - 455 3,210,184 Property taxees 624,426 501,411 - 1,125,837 Special assessments 571,661 - 89,119 660,780 Loans 3,542,543 - 21,378 3,563,921 Interfund 410,000 - - 410,000 Total Assets 29,896,095 $ 5,099,728 $ 10,275,901 $ 45,271,724 $ Liabilities and Fund Balances Liabilities Vouchers payable 330,227 $ - $ 400,392 $ 730,619 $ Accounts payable 236,785 - 28,939 265,724 Accrued salaries and benefits 412,840 - 2,619 415,459 Interfund payable 3,341,198 804 - 3,342,002 Performance bonds payable 30,509 - - 30,509 Deferred revenue 1,306,808 501,412 89,119 1,897,339 Total Liabilities 5,658,367 502,216 521,069 6,681,652 Fund Balances Reserved for: Debt service - 3,795,510 - 3,795,510 Long-term loans 3,542,543 - - 3,542,543 Accumulation of reserve authorized by State Law - 802,002 - 802,002 Economic development - ceased mining operation 3,848,433 - - 3,848,433 Unreserved, undesignated, reported in: Special revenue funds 16,846,752 - - 16,846,752 Capital projects funds - - 9,754,832 9,754,832 Total Fund Balances 24,237,728 4,597,512 9,754,832 38,590,072 Total Liabilities and Fund Balances 29,896,095 $ 5,099,728 $ 10,275,901 $ 45,271,724 $ City and County of Butte-Silver Bow, Montana June 30, 2009 Nonmajor Governmental Funds - By Fund Type Combining Balance Sheet 81 ---PAGE BREAK--- Nonmajor Nonmajor Nonmajor Total Special Debt Capital Nonmajor Revenue Service Projects Governmental Funds Funds Funds Funds Revenues Property taxes 6,809,949 $ 3,442,581 $ - $ 10,252,530 $ Special assessments 1,287,271 - - 1,287,271 Intergovernmental 9,219,854 308,634 11,250 9,539,738 Charges for services 1,146,218 - - 1,146,218 Fines and forfeitures 66,323 - 129,769 196,092 Private grants and donations 1,329,615 - - 1,329,615 Investment earnings 455,152 4,385 127,459 586,996 Miscellaneous 186,111 277,902 17,556 481,569 Total Revenues 20,500,493 4,033,502 286,034 24,820,029 Expenditures Current: General government 2,422,558 - - 2,422,558 Public safety 4,677,530 - 13,191 4,690,721 Public works 5,365,078 - - 5,365,078 Public health 2,891,611 - - 2,891,611 Social and economic services 134,806 - - 134,806 Cultural and recreation 855,114 1,450 15,132 871,696 Housing and community development 2,447,489 10,820 - 2,458,309 Capital Outlay 2,188,710 - 2,288,040 4,476,750 Debt Service: Principal 256,369 2,490,214 - 2,746,583 Interest 61,581 2,037,551 - 2,099,132 Bond issuance costs - - 193,760 193,760 Total Expenditures 21,300,846 4,540,035 2,510,123 28,351,004 (Deficiency) of Revenues (Under) Expenditures (800,353) (506,533) (2,224,089) (3,530,975) Other Financing Sources (Uses) Insurance proceeds 9,110 - - 9,110 Issuance of general obligation bonds - - 7,500,000 7,500,000 Bond premiums - - 124,635 124,635 Transfers in 2,726,289 3,822,776 2,552 6,551,617 Transfers out (365,240) (2,088,596) - (2,453,836) Total Other Financing Sources (Uses) 2,370,159 1,734,180 7,627,187 11,731,526 Net Change in Fund Balances 1,569,806 1,227,647 5,403,098 8,200,551 Fund Balances Beginning of Year 22,667,922 3,369,865 4,351,734 30,389,521 Fund Balances End of Year 24,237,728 $ 4,597,512 $ 9,754,832 $ 38,590,072 $ City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds - By Fund Type For the Fiscal Year Ended June 30, 2009 82 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2009 Combined Special SID#1025 Improvement Divide Melrose Blacktail Noxious Parking District Civic District Garbage Garbage Loop Road Bridge Weed Commission Court Center Assets Cash and cash equivalents 827,122 $ 3,078 $ 6,125 $ 38,653 $ 1,144,689 $ 98,798 $ 21,173 $ 3,210 $ 381,804 $ 307,831 $ Investments - 1,956 - - - - - - - - Receivables: Taxes 426 - - - 73,126 31,344 10,441 - 63,140 42,168 Accounts - - - - 38,095 - 43,908 - 39,465 15,479 Special assessments 238,312 648 1,728 212,570 - - 11,463 - - - Loans - - - - - - - - - - Interfund - - - - - - - - - - Restricted assets - investments - - - - - - - - - - Total Assets 1,065,860 $ 5,682 $ 7,853 $ 251,223 $ 1,255,910 $ 130,142 $ 86,985 $ 3,210 $ 484,409 $ 365,478 $ Liabilities and Fund Balances Liabilities Vouchers payable 71,917 $ - $ - $ - $ 9,975 $ 300 $ 229 $ 106 $ 35,944 $ 2,537 $ Accounts payable - - - - 115 - - - 113 2,366 Accrued salaries and benefits 5,238 - - - 42,967 12,461 13,616 11,524 23,143 11,771 Performance bonds payable - - - - - - 30,509 - - - Interfund payable - - - - - - - - - - Deferred revenue 238,737 648 1,728 212,570 73,126 31,345 21,904 - 63,138 42,168 Total Liabilities 315,892 648 1,728 212,570 126,183 44,106 66,258 11,630 122,338 58,842 Fund Balances Reserved for: Long-term loans - - - - - - - - - - Economic development - ceased mining operation - - - - - - - - - - Unreserved, undesignated 749,968 5,034 6,125 38,653 1,129,727 86,036 20,727 (8,420) 362,071 306,636 Total Fund Balances 749,968 5,034 6,125 38,653 1,129,727 86,036 20,727 (8,420) 362,071 306,636 Total Liabilities and Fund Balances 1,065,860 $ 5,682 $ 7,853 $ 251,223 $ 1,255,910 $ 130,142 $ 86,985 $ 3,210 $ 484,409 $ 365,478 $ 83 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2009 Assets Cash and cash equivalents Investments Receivables: Taxes Accounts Special assessments Loans Interfund Restricted assets - investments Total Assets Liabilities and Fund Balances Liabilities Vouchers payable Accounts payable Accrued salaries and benefits Performance bonds payable Interfund payable Deferred revenue Total Liabilities Fund Balances Reserved for: Long-term loans Economic development - ceased mining operation Unreserved, undesignated Total Fund Balances Total Liabilities and Fund Balances Damages Public Econ Dev Economic Senior Developmentally And Parks Library Archives 1 Mill Levy Dev (HR) Transit Health Citizens Disabled Judgments 9,838 $ 6,927 $ 24,518 $ 16,163 $ 150,685 $ 127,688 $ - $ 29,366 $ 1,266 $ - $ - - 16,984 - 2,293,260 - - - - - - - - 5,944 - 27,746 - 7,151 4,045 42,069 - - 457 - - 180,399 386,246 - 20,000 - - - - - - - - - - - - - - - 240,728 - - - - - - - - - - - - - - - - - - - - - - - - - 9,838 $ 6,927 $ 41,959 $ 22,107 $ 2,684,673 $ 335,833 $ 386,246 $ 36,517 $ 25,311 $ 42,069 $ - $ 516 $ 13 $ - $ 5,285 $ 18,057 $ 36,075 $ - $ - $ - $ - - - - - - 24 - - - - - 7,825 - - 20,564 87,751 - 2,885 - - - - - - - - - - - - - - - - 251,421 14,236 - - 176,082 - - - 5,944 110,728 27,747 - 7,151 4,043 42,069 - 516 7,838 5,944 116,013 317,789 138,086 7,151 6,928 218,151 - - - - 240,728 - - - - - - - - - - - - - - - 9,838 6,411 $ 34,121 16,163 2,327,932 18,044 248,160 29,366 18,383 (176,082) 9,838 6,411 34,121 16,163 2,568,660 18,044 248,160 29,366 18,383 (176,082) 9,838 $ 6,927 $ 41,959 $ 22,107 $ 2,684,673 $ 335,833 $ 386,246 $ 36,517 $ 25,311 $ 42,069 $ 84 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2009 Assets Cash and cash equivalents Investments Receivables: Taxes Accounts Special assessments Loans Interfund Restricted assets - investments Total Assets Liabilities and Fund Balances Liabilities Vouchers payable Accounts payable Accrued salaries and benefits Performance bonds payable Interfund payable Deferred revenue Total Liabilities Fund Balances Reserved for: Long-term loans Economic development - ceased mining operation Unreserved, undesignated Total Fund Balances Total Liabilities and Fund Balances ARCO Planning Superfund Comprehensive Crime Land Junk Greenway Wtr Quality Uptown Reclamation Fire Insurance Control Planning Vehicle Project District Sidewalks Parking Projects 832,958 $ 40,343 $ 121,437 $ 2,295 $ 1,227 $ 76,448 $ 144,842 $ 1,087 $ 222 $ 60,023 $ - 166,993 - - - - - - - - 253,572 63,254 - - - - - - - - 17,332 - - - - - - - - - - - - - - - 49,806 5,309 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,103,862 $ 270,590 $ 121,437 $ 2,295 $ 1,227 $ 76,448 $ 144,842 $ 50,893 $ 5,531 $ 60,023 $ 30,278 $ 6,460 $ 14 $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - 114,187 - 2,554 - 1,227 - 2,941 - - - - - - - - - - - - - - - - - - - - 71,081 - - 253,569 63,253 - - - - - 49,806 5,309 - 398,034 69,713 2,568 - 1,227 - 2,941 120,887 5,309 - - - - - - - - - - - - - - - - - - - - - 705,828 200,877 118,869 2,295 - 76,448 141,901 (69,994) 222 60,023 705,828 200,877 118,869 2,295 - 76,448 141,901 (69,994) 222 60,023 1,103,862 $ 270,590 $ 121,437 $ 2,295 $ 1,227 $ 76,448 $ 144,842 $ 50,893 $ 5,531 $ 60,023 $ 85 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2009 Assets Cash and cash equivalents Investments Receivables: Taxes Accounts Special assessments Loans Interfund Restricted assets - investments Total Assets Liabilities and Fund Balances Liabilities Vouchers payable Accounts payable Accrued salaries and benefits Performance bonds payable Interfund payable Deferred revenue Total Liabilities Fund Balances Reserved for: Long-term loans Economic development - ceased mining operation Unreserved, undesignated Total Fund Balances Total Liabilities and Fund Balances Community URA Hard-Rock Development Montana Local Law Clark Economic Community Mine Trust Block Grants Pole 911 CTEP DNRC Enforcement Tailings Development Development Reserve Projects Institution Emergency Grants Grants Block Grant O & M Trust 730,615 $ - $ - $ 10,157 $ 202,527 $ 173,475 $ 2,329 $ - $ 782 $ - $ 1,894,408 10,906 - - 192,438 183,436 - - - 123,803 - - - - - - - - - - - 439,435 - - - 67,220 41,964 14,496 - - 50,279 - - - - - - - - - 2,483,703 109,716 - 62,437 - - - - - - 410,000 - - - - - - - - - - - 3,848,433 - - - - - - - 5,569,005 $ 560,057 $ 3,848,433 $ 72,594 $ 394,965 $ 424,131 $ 44,293 $ 14,496 $ 782 $ 123,803 $ 118 $ - $ - $ - $ - $ 14,990 $ 15,580 $ - $ - $ - $ - - - - 230,000 - 4,112 55 - - 6,000 5,741 - - - 7,075 - 883 - - - - - - - - - - - - - 312,221 - - - - - 6,937 - 443 50,279 - - - - - - - - - 56,397 317,962 - - 230,000 22,065 19,692 7,875 - 443 2,483,703 109,716 - 62,437 - - - - - - - - 3,848,433 - - - - - - - 3,028,905 132,379 - 10,157 164,965 402,066 24,601 6,621 782 123,360 5,512,608 242,095 3,848,433 72,594 164,965 402,066 24,601 6,621 782 123,360 5,569,005 $ 560,057 $ 3,848,433 $ 72,594 $ 394,965 $ 424,131 $ 44,293 $ 14,496 $ 782 $ 123,803 $ 86 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2009 Assets Cash and cash equivalents Investments Receivables: Taxes Accounts Special assessments Loans Interfund Restricted assets - investments Total Assets Liabilities and Fund Balances Liabilities Vouchers payable Accounts payable Accrued salaries and benefits Performance bonds payable Interfund payable Deferred revenue Total Liabilities Fund Balances Reserved for: Long-term loans Economic development - ceased mining operation Unreserved, undesignated Total Fund Balances Total Liabilities and Fund Balances East Butte Arco Renovation PIT Historic and County Department Montana Superfund ARCO ARCO Watch ED Preservation Rehabilitation Land of Justice Historical Health Superfund Anaconda Lead Program Grant Agency Planning Grant Preservation Studies Land Mgt-GIS ARCO Program 199,684 $ 249,480 $ 4,761 $ 34,270 $ 256 $ - $ 70,286 $ 7,221 $ 176,087 $ 7,405 $ 289 859,879 14,979 - - - - - 62,371 14,918 - - - - - - - - - - - - - - - 20,000 - - 6,975 - - - 1,546 - - - - - - - - - - - - - - - 375,375 - - - - - - - - - - - - - - - - - - - - - 199,973 $ 1,109,359 $ 21,286 $ 34,270 $ 256 $ 20,000 $ 70,286 $ 7,221 $ 620,808 $ 22,323 $ 10,609 $ 24,840 $ 5,031 $ - $ - $ 20,000 $ 2,300 $ - $ - $ - $ - - - - - - - - - - - - - - - - - 4,824 - - - - - - - - - - - - - - 410,000 - 1,751 - - - - - - 1,546 - - - - - - - 10,609 24,840 416,577 - - 21,751 2,300 4,824 - - - - - - - - - - 375,375 - - - - - - - - - - - 189,364 1,084,519 (395,291) 34,270 256 (1,751) 67,986 2,397 245,433 22,323 189,364 1,084,519 (395,291) 34,270 256 (1,751) 67,986 2,397 620,808 22,323 199,973 $ 1,109,359 $ 21,286 $ 34,270 $ 256 $ 20,000 $ 70,286 $ 7,221 $ 620,808 $ 22,323 $ 87 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2009 Resources East Butte Total Superfund Damages RRA ARCO Superfund Nonmajor Residential Greenway Revolving Redevelopment Storm Water Special Revenue Metals Project Loan Trust System RTP Grants Funds Assets Cash and cash equivalents - $ - $ 1,678 $ - $ 60,940 $ - $ 6,411,769 $ Investments - - 531 5,440,383 - - 11,277,534 Receivables: Taxes - - - - - - 624,426 Accounts - 1,878,258 - - - - 3,209,729 Special assessments - - - - - - 571,661 Loans - - 270,584 - - - 3,542,543 Interfund - - - - - - 410,000 Restricted assets - investments - - - - - - 3,848,433 Total Assets - $ 1,878,258 $ 272,793 $ 5,440,383 $ 60,940 $ - $ 29,896,095 $ Liabilities and Fund Balances Liabilities Vouchers payable 13,026 $ 600 $ - $ - $ 5,427 $ - $ 330,227 $ Accounts payable - - - - - - 236,785 Accrued salaries and benefits 12,821 1,642 - - 13,200 - 412,840 Performance bonds payable - - - - - - 30,509 Interfund payable 48,171 2,040,110 - - - 8,745 3,341,198 Deferred revenue - - - - - - 1,306,808 Total Liabilities 74,018 2,042,352 - - 18,627 8,745 5,658,367 Fund Balances Reserved for: Long-term loans - - 270,584 - - - 3,542,543 Economic development - ceased mining operation - - - - - - 3,848,433 Unreserved, undesignated (74,018) (164,094) 2,209 5,440,383 42,313 (8,745) 16,846,752 Total Fund Balances (74,018) (164,094) 272,793 5,440,383 42,313 (8,745) 24,237,728 Total Liabilities and Fund Balances - $ 1,878,258 $ 272,793 $ 5,440,383 $ 60,940 $ - $ 29,896,095 $ 88 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds For the Fiscal Year Ended June 30, 2009 Combined Special SID#1025 Improvement Divide Melrose Blacktail Noxious Parking District Civic District Garbage Garbage Loop Road Bridge Weed Commission Court Center Revenues Property taxes 8,901 $ - $ - $ - $ 798,170 $ 351,395 $ 114,745 $ - $ 728,566 $ 472,744 $ Special assessments 1,149,927 32 253 51,579 - - - - - - Intergovernmental 5,150 - - - 1,232,853 40,022 80,183 99 117,065 35,197 Charges for services - 9,285 7,848 - - - 110,045 74,811 12,889 272,671 Fines and forfeitures - - - - - - - 66,323 - - Private grants and donations - - - - - - - - - - Investment earnings - - - - - - - - - - Miscellaneous - - - - 150,525 - - - 308 9,352 Total Revenues 1,163,978 9,317 8,101 51,579 2,181,548 391,417 304,973 141,233 858,828 789,964 Expenditures Current: General government 52,175 - - - - - - - 584,273 - Public safety - - - - - - - - 173,537 - Public works 1,145,017 10,304 6,984 - 2,081,825 357,372 336,727 172,476 - - Public health 9,750 - - - - - - - - - Social and economic services - - - - - - - - - - Cultural and recreation - - - - - - - - - 638,847 Housing and community development - - - - - - - - - - Capital Outlay - - - - 31,013 - - - - 39,331 Debt Service: - Principal - - - - 62,008 - - - - - Interest - - - - 27,916 - - - - - Total Expenditures 1,206,942 10,304 6,984 - 2,202,762 357,372 336,727 172,476 757,810 678,178 Excess (Deficiency) of Revenues Over (Under) Expenditures (42,964) (987) 1,117 51,579 (21,214) 34,045 (31,754) (31,243) 101,018 111,786 Other Financing Sources (Uses) Insurance proceeds - - - - - - - - - - Transfers in 101,849 - - - 45,000 - - 14,641 - - Transfers out (86,849) - - (49,715) - - - - - - Total Other Financing Sources (Uses) 15,000 - - (49,715) 45,000 - - 14,641 - - Net Change in Fund Balances (27,964) (987) 1,117 1,864 23,786 34,045 (31,754) (16,602) 101,018 111,786 Fund Balances Beginning of Year 777,932 6,021 5,008 36,789 1,105,941 51,991 52,481 8,182 261,053 194,850 Fund Balances End of Year 749,968 $ 5,034 $ 6,125 $ 38,653 $ 1,129,727 $ 86,036 $ 20,727 $ (8,420) $ 362,071 $ 306,636 $ 89 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds For the Fiscal Year Ended June 30, 2009 Revenues Property taxes Special assessments Intergovernmental Charges for services Fines and forfeitures Private grants and donations Investment earnings Miscellaneous Total Revenues Expenditures Current: General government Public safety Public works Public health Social and economic services Cultural and recreation Housing and community development Capital Outlay Debt Service: Principal Interest Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses) Insurance proceeds Transfers in Transfers out Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances Beginning of Year Fund Balances End of Year Damages Public Econ Dev Economic Senior Developmental And Parks Library Archives 1 Mill Levy Dev (HR) Transit Health Citizens Disabled Judgements - $ - $ - $ 64,181 $ - $ 328,449 $ - $ 77,568 $ 48,666 $ 464,513 $ - - - 340 - 1,714 - - - 2,366 - 12,106 101 8,457 - 518,653 1,800,483 10,511 23,930 16,846 - 2,199 - 110,185 489,567 - - - - - - - - - - - - - - 14,060 - - - 24,320 - - - - - 276 - 90,978 - - - - - - - 230 - - 22,610 328 - - - - 12,106 16,866 72,978 90,978 981,611 2,314,698 88,079 72,596 483,725 - - - - - - - - - 206,767 - - - - - - - - - - - - - - - 936,659 - - - - - - - - - - 2,360,807 - - - - - - - - - - 69,709 65,097 - 2,595 7,429 160,213 - - - - - - - - - - 65,000 176,981 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,595 7,429 160,213 65,000 176,981 936,659 2,360,807 69,709 65,097 206,767 (2,595) 4,677 (143,347) 7,978 (86,003) 44,952 (46,109) 18,370 7,499 276,958 - - - - - - - - - - - - 152,866 - - 15,000 - - - - - - - - - - - - - - - - 152,866 - - 15,000 - - - - (2,595) 4,677 9,519 7,978 (86,003) 59,952 (46,109) 18,370 7,499 276,958 12,433 1,734 24,602 8,185 2,654,663 (41,908) 294,269 10,996 10,884 (453,040) 9,838 $ 6,411 $ 34,121 $ 16,163 $ 2,568,660 $ 18,044 $ 248,160 $ 29,366 $ 18,383 $ (176,082) $ 90 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds For the Fiscal Year Ended June 30, 2009 ARCO Planning Superfund URA Comprehensive Crime Land Junk Greenway Water Quality Uptown Reclamation Economic Fire Insurance Control Planning Vehicle Project District Sidewalks Parking Projects Development Revenues Property taxes 2,649,114 $ 702,937 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Special assessments 10,720 - - - - - - 28,579 14,683 - 27,144 Intergovernmental 1,412,338 35,421 32,000 3,992 42,615 - 35 - - - 75 Charges for services - - 49,250 - - - - - - - - Fines and forfeitures - - - - - - - - - - - Private grants and donations 21,128 - - - - - 52,165 - - - - Investment earnings - 2,718 - - - - - - - - 137,323 Miscellaneous 102 - - - - - - - - - 275 Total Revenues 4,093,402 741,076 81,250 3,992 42,615 - 52,200 28,579 14,683 - 164,817 Expenditures Current: General government - 752,364 - 1,450 - 20 55,420 - - - - Public safety 4,165,326 - 60,717 - - - - - - - - Public works - - - - 42,621 - - 75,277 - - - Public health - - - - - - - - - - - Social and economic services - - - - - - - - - - - Cultural and recreation - - - - - - - - - - - Housing and community development - - - - - - - - - - 1,251,161 Capital Outlay 29,168 - - - - - - - - - - Debt Service: Principal 95,099 - - - - - - - - - - Interest 26,107 - - - - - - - - - - Total Expenditures 4,315,700 752,364 60,717 1,450 42,621 20 55,420 75,277 - - 1,251,161 Excess (Deficiency) of Revenues Over (Under) Expenditures (222,298) (11,288) 20,533 2,542 (20) (3,220) (46,698) 14,683 - (1,086,344) Other Financing Sources (Uses) Insurance proceeds 9,110 - - - - - - - - - - Transfers in - - 8,750 - - - - - - - 2,088,596 Transfers out - - - - (2,552) - - - (14,641) - (84,183) Total Other Financing Sources (Uses) 9,110 - 8,750 - (2,552) - - - (14,641) - 2,004,413 Net Change in Fund Balances (213,188) (11,288) 29,283 2,542 (2,558) (20) (3,220) (46,698) 42 - 918,069 Fund Balances Beginning of Year 919,016 212,165 89,586 (247) 2,558 76,468 145,121 (23,296) 180 60,023 4,594,539 Fund Balances End of Year 705,828 $ 200,877 $ 118,869 $ 2,295 $ - $ 76,448 $ 141,901 $ (69,994) $ 222 $ 60,023 $ 5,512,608 $ 91 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds For the Fiscal Year Ended June 30, 2009 Revenues Property taxes Special assessments Intergovernmental Charges for services Fines and forfeitures Private grants and donations Investment earnings Miscellaneous Total Revenues Expenditures Current: General government Public safety Public works Public health Social and economic services Cultural and recreation Housing and community development Capital Outlay Debt Service: Principal Interest Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses) Insurance proceeds Transfers in Transfers out Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances Beginning of Year Fund Balances End of Year Community Community ARCO Hard-Rock Development Montana Transportation Local Law Clark PIT Historic Community Mine Trust Block Grants Pole 911 Enhancement DNRC Enforcement Tailings Watch ED Preservation Development Reserve Projects Institution Emergency Program Grants Block Grant O & M Trust Program Grant - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - - - 825,884 829,083 - - 313,189 123,299 38,944 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 34,781 - - - - 940 25,526 28 15,758 2,985 - - - 2,015 1,984 23,749 - - - - 2,381 - - - - - - 826,824 854,609 28 15,758 318,555 123,299 73,725 - 2,015 1,984 23,749 - - - - - 114,498 65,012 - - 10,609 194,593 - - - - 270,368 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 22,972 - - 933,501 - 61 - - - - - - - - - - - - 12,200 5,432 - - - - - 99,262 - - - - - - - - - - 7,558 - - - - - - - - - - 1,040,321 - 61 - 282,568 119,930 65,012 - 22,972 10,609 194,593 (213,497) 854,609 (33) 15,758 35,987 3,369 8,713 - (20,957) (8,625) (170,844) - - - - - - - - - - - 269,587 - - - - - - - - - - - - (67,300) - - - - - - - - 269,587 - (67,300) - - - - - - - - 56,090 854,609 (67,333) 15,758 35,987 3,369 8,713 - (20,957) (8,625) (170,844) 186,005 2,993,824 139,927 149,207 366,079 21,232 (2,092) 782 144,317 197,989 1,255,363 242,095 $ 3,848,433 $ 72,594 $ 164,965 $ 402,066 $ 24,601 $ 6,621 $ 782 $ 123,360 $ 189,364 $ 1,084,519 $ 92 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds For the Fiscal Year Ended June 30, 2009 Revenues Property taxes Special assessments Intergovernmental Charges for services Fines and forfeitures Private grants and donations Investment earnings Miscellaneous Total Revenues Expenditures Current: General government Public safety Public works Public health Social and economic services Cultural and recreation Housing and community development Capital Outlay Debt Service: Principal Interest Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses) Insurance proceeds Transfers in Transfers out Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances Beginning of Year Fund Balances End of Year East Butte Natural Renovation Resources and County Department Montana Superfund ARCO Ana-ARCO ARCO Superfund Damages Rehabilitation Land of Justice Historical Health Superfund Community Lead Residential Greenway Agency Planning Grant Preservation Studies Land Mgt-GIS Readjustment Grant Metals Project - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ (66) - - - - - - - - - 14,884 - 7,838 - - 73 - - 210 1,638,235 - 7,468 - - - - - - - - - - - - - - - - - - - - - 20,000 - 107,681 - - 488,960 - 30,642 - - 307 - - 22,591 241 - - - - - - - - - - - - 45,460 7,468 7,838 20,307 - 107,754 22,591 241 489,170 1,638,235 - - - - - 112,252 - - - 264,380 - - 7,582 - - - - - - - - - - - - - - - - - - - - - 12,734 - - - 508,320 - - - - - - - - - - - - - - 23,058 - - - - - - 20,785 - - - - - - - - - - - - - - - - - 47,697 1,454,099 - - - - - - - - - - - - - - - - 20,785 - 7,582 23,058 12,734 112,252 - - 556,017 1,718,479 24,675 7,468 256 (2,751) (12,734) (4,498) 22,591 241 (66,847) (80,244) - - - - - - - - - - 30,000 - - - - - - - - - (30,000) - - - - - - - - - - - - - - - - - - - 24,675 7,468 256 (2,751) (12,734) (4,498) 22,591 241 (66,847) (80,244) (419,966) 26,802 - 1,000 80,720 6,895 598,217 22,082 (7,171) (83,850) (395,291) $ 34,270 $ 256 $ (1,751) $ 67,986 $ 2,397 $ 620,808 $ 22,323 $ (74,018) $ (164,094) $ 93 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds For the Fiscal Year Ended June 30, 2009 East Butte Total RRA ARCO Superfund Nonmajor Revolving Redevelopment Storm Water Special Revenue Loan Trust System RTP Grants Funds Revenues Property taxes - $ - $ - $ - $ 6,809,949 $ Special assessments - - - - 1,287,271 Intergovernmental - - 83 - 9,219,854 Charges for services - - - - 1,146,218 Fines and forfeitures - - - - 66,323 Private grants and donations - - 566,520 - 1,329,615 Investment earnings 8,558 88,533 - - 455,152 Miscellaneous - - - - 186,111 Total Revenues 8,558 88,533 566,603 - 20,500,493 Expenditures Current: General government - - - 8,745 2,422,558 Public safety - - - - 4,677,530 Public works - - 199,816 - 5,365,078 Public health - - - - 2,891,611 Social and economic services - - - - 134,806 Cultural and recreation - - - - 855,114 Housing and community development - - - - 2,447,489 Capital Outlay - - 569,770 - 2,188,710 Debt Service: Principal - - - - 256,369 Interest - - - - 61,581 Total Expenditures - - 769,586 8,745 21,300,846 Excess (Deficiency) of Revenues Over (Under) Expenditures 8,558 88,533 (202,983) (8,745) (800,353) Other Financing Sources (Uses) Insurance proceeds - - - - 9,110 Transfers in - - - - 2,726,289 Transfers out (30,000) - - - (365,240) Total Other Financing Sources (Uses) (30,000) - - - 2,370,159 Net Change in Fund Balances (21,442) 88,533 (202,983) (8,745) 1,569,806 Fund Balances Beginning of Year 294,235 5,351,850 245,296 - 22,667,922 Fund Balances End of Year 272,793 $ 5,440,383 $ 42,313 $ (8,745) $ 24,237,728 $ 94 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property - $ - $ 8,901 $ 8,901 $ Special assessments 1,377,446 1,377,446 1,149,927 (227,519) Intergovernmental 5,188 5,188 5,150 (38) Total Revenues 1,382,634 1,382,634 1,163,978 (218,656) Expenditures Current: General government 84,578 84,578 52,175 32,403 Public works 1,500,397 1,500,397 1,145,017 355,380 Public health 10,000 10,000 9,750 250 Total Expenditures 1,594,975 1,594,975 1,206,942 388,033 Excess (Deficiency) of Revenues Over (Under) Expenditures (212,341) (212,341) (42,964) 169,377 Other Financing Sources (Uses) Transfers in: SID funds 86,848 86,848 86,849 1 Solid waste fund 15,000 15,000 15,000 - Transfers out: SID administration fund (86,849) (86,849) (86,849) - Total Other Financing Sources (Uses) 14,999 14,999 15,000 1 Net Change in Fund Balances $ (197,342) $ (197,342) (27,964) $ 169,378 Fund Balances Beginning of Year 777,932 Fund Balances End of Year 749,968 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Combined Special Improvement District Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 95 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Charges for services 7,920 $ 7,920 $ 9,285 $ 1,365 $ Special assessmenets - - 32 32 Total Revenues 7,920 7,920 9,317 1,397 Expenditures Current: Public works 12,280 12,280 10,304 1,976 Excess (Deficiency) of Revenues Over (Under) Expenditures (4,360) $ (4,360) $ (987) 3,373 $ Fund Balances Beginning of Year 6,021 Fund Balances End of Year 5,034 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Divide Garbage Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 96 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Charges for services 6,200 $ 6,200 $ 7,848 $ 1,648 $ Special assessmenets - - 253 253 Total Revenues 6,200 6,200 8,101 1,901 Expenditures Current: Public works 11,500 11,500 6,984 4,516 Excess (Deficiency) of Revenues Over (Under) Expenditures (5,300) $ (5,300) $ 1,117 6,417 $ Fund Balances Beginning of Year 5,008 Fund Balances End of Year 6,125 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Melrose Garbage Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 97 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Special assessments 51,500 $ 51,500 $ 51,579 $ 79 $ Other Financing (Uses) Transfers out - Blacktail Loop debt service fund (49,715) (49,715) (49,715) - Net Change in Fund Balances $ 1,785 $ 1,785 1,864 $ 79 Fund Balances Beginning of Year 36,789 Fund Balances End of Year 38,653 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana SID #1025 Blacktail Loop Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 98 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 519,594 $ 519,594 $ 657,609 $ 138,015 $ Personal property 111,195 111,195 25,658 (85,537) Motor vehicle 106,398 106,398 114,903 8,505 Intergovernmental 1,148,056 1,148,056 1,232,853 84,797 Miscellaneous - - 150,525 150,525 Total Revenues 1,885,243 1,885,243 2,181,548 296,305 Expenditures Current: Public works 2,470,026 2,459,726 2,081,825 377,901 Capital Outlay 25,000 35,300 31,013 4,287 Debt Service Principal 64,559 64,559 62,008 2,551 Interest 29,306 29,306 27,916 1,390 Total Expenditures 2,588,891 2,588,891 2,202,762 386,129 Excess (Deficiency) of Revenues Over (Under) Expenditures (703,648) (703,648) (21,214) 682,434 Other Financing Sources Transfers in: URA fund 45,000 45,000 45,000 - Total Other Financing Sources 45,000 45,000 45,000 - Net Change in Fund Balances $ (658,648) $ (658,648) 23,786 $ 682,434 Fund Balances Beginning of Year 1,105,941 Fund Balances End of Year 1,129,727 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Road Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 99 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 280,585 $ 299,975 $ 342,976 $ 43,001 $ Personal property 62,191 62,191 8,419 (53,772) Intergovernmental 40,001 40,001 40,022 21 Total Revenues 382,777 402,167 391,417 (10,750) Expenditures Current: Public works 369,638 369,638 357,372 12,266 Excess of Revenues Over Expenditures 13,139 $ 32,529 $ 34,045 1,516 $ Fund Balances Beginning of Year 51,991 Fund Balances End of Year 86,036 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Bridge Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 100 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 87,080 $ 87,080 $ 112,257 $ 25,177 $ Personal property 19,472 19,472 2,488 (16,984) Intergovernmental 104,930 104,930 80,183 (24,747) Charges for services 113,128 113,128 110,045 (3,083) Total Revenues 324,610 324,610 304,973 (19,637) Expenditures Current: Public works 340,847 342,247 336,727 5,520 Capital Outlay 12,840 11,440 - 11,440 Total Expenditures 353,687 353,687 336,727 16,960 (Deficiency) of Revenues (Under) Expenditures (29,077) $ (29,077) $ (31,754) (2,677) $ Fund Balances Beginning of Year 52,481 Fund Balances End of Year 20,727 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Noxious Weed Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 101 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 110 $ 103 $ 99 $ $ Charges for services 78,000 68,000 74,811 6,811 Fines and forfeitures 74,000 64,000 66,323 2,323 Total Revenues 152,110 132,103 141,233 9,130 Expenditures Current: Public works 188,344 188,344 172,476 15,868 Excess (Deficiency) of Revenues Over (Under) Expenditures (36,234) (56,241) (31,243) 24,998 Other Financing Sources Transfers in: Uptown parking fund 15,000 15,000 14,641 (359) Total Other Financing Sources 15,000 15,000 14,641 (359) Net Change in Fund Balances $ (21,234) $ (41,241) (16,602) $ 24,639 Fund Balances Beginning of Year 8,182 Fund Balances End of Year (8,420) $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Parking Commission Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 102 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 529,727 $ 529,727 $ 668,759 $ 139,032 $ Personal property 117,687 117,687 17,129 (100,558) Motor vehicle 39,519 39,519 42,678 3,159 Intergovernmental 115,168 115,168 117,065 1,897 Miscellaneous - - 308 308 Charges for services 8,000 8,000 12,889 4,889 Total Revenues 810,101 810,101 858,828 48,727 Expenditures Current: General government 757,190 757,190 584,273 172,917 Public safety 190,000 190,000 173,537 16,463 Total Expenditures 947,190 947,190 757,810 189,380 Excess (Deficiency) of Revenues Over (Under) Expenditures (137,089) $ (137,089) $ 101,018 238,107 $ Fund Balances Beginning of Year 261,053 Fund Balances End of Year 362,071 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana District Court Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 103 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 371,024 $ 371,024 $ 462,930 $ 91,906 $ Personal property 83,208 83,208 9,814 (73,394) Intergovernmental 35,252 35,252 35,197 (55) Charges for services 265,000 265,000 272,671 7,671 Rent 10,000 10,000 8,640 (1,360) Miscellaneous - - 712 712 Total Revenues 764,484 764,484 789,964 25,480 Expenditures Current: Culture and recreation 764,744 762,244 638,847 123,397 Capital Outlay 53,000 55,500 39,331 16,169 Total Expenditures 817,744 817,744 678,178 139,566 Excess (Deficiency) of Revenues Over (Under) Expenditures (53,260) $ (53,260) $ 111,786 165,046 $ Fund Balances Beginning of Year 194,850 Fund Balances End of Year 306,636 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Civic Center Bond Issue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 104 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Expenditures Current: Culture and recreation 12,400 $ 12,400 $ 2,595 $ (9,805) $ Fund Balances Beginning of Year 12,433 Fund Balances End of Year 9,838 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Parks Fund Schedule of Expenditures and Changes in Fund Balances - Budget and Actual 105 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 10,000 $ 10,000 $ 12,106 $ 2,106 $ Expenditures Current: Culture and recreation 12,000 12,000 7,429 4,571 Excess (Deficiency) of Revenues Over (Under) Expenditures (2,000) $ (2,000) $ 4,677 6,677 $ Fund Balances Beginning of Year 1,734 Fund Balances End of Year 6,411 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Library Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 106 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 100 $ 100 $ 101 $ 1 $ Charges for services 5,000 5,000 2,199 (2,801) Private grants and donations 50,589 50,589 14,060 (36,529) Investment earnings 350 350 276 (74) Miscellaneous - - 230 230 Total Revenues 56,039 56,039 16,866 (39,173) Expenditures Current: Culture and recreation 214,266 214,266 160,213 54,053 Capital Outlay 40,329 40,329 - 40,329 Total Expenditures 254,595 254,595 160,213 94,382 Excess (Deficiency) of Revenues Over (Under) Expenditures (198,556) (198,556) (143,347) 55,209 Other Financing Sources Transfers in: Urban revitalization agency fund 15,000 15,000 15,000 - General fund 137,866 137,866 137,866 - Total Other Financing Sources 152,866 152,866 152,866 - Net Change in Fund Balances $ (45,690) $ (45,690) 9,519 $ 55,209 Fund Balances Beginning of Year 24,602 Fund Balances End of Year 34,121 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Public Archives Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 107 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 50,193 $ 50,193 $ 62,601 $ 12,408 $ Personal property 11,166 11,166 1,580 (9,586) Special assessments - - 340 340 Intergovernmental 8,457 8,457 8,457 - Total Revenues 69,816 69,816 72,978 3,162 Expenditures Current: Housing and community development 68,000 68,000 65,000 3,000 Excess of Revenues Over Expenditures 1,816 $ 1,816 $ 7,978 6,162 $ Fund Balances Beginning of Year 8,185 Fund Balances End of Year 16,163 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Economic Development 1 Mill Levy Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 108 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 90,978 $ 90,978 $ Expenditures Current: Housing and community development 244,029 319,029 176,981 142,048 Excess (Deficiency) of Revenues Over (Under) Expenditures (244,029) $ (319,029) $ (86,003) 233,026 $ Fund Balances Beginning of Year 2,654,663 Fund Balances End of Year 2,568,660 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Economic Development Fund (HR) Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 109 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 254,493 $ 254,493 $ 324,539 $ 70,046 $ Personal property 58,105 58,105 3,910 (54,195) Special assessments 1,792 1,792 1,714 (78) Intergovernmental 564,415 564,415 518,653 (45,762) Charges for services 104,600 104,600 110,185 5,585 Miscellaneous 12,000 12,000 22,610 10,610 Total Revenues 995,405 995,405 981,611 (13,794) Expenditures Current: Public works 1,072,636 1,072,636 936,659 135,977 Debt Service Principal 40,000 40,000 - 40,000 Total Expenditures 1,112,636 1,112,636 936,659 175,977 Excess (Deficiency) of Revenues Over (Under) Expenditures (117,231) (117,231) 44,952 162,183 Other Financing Sources Transfers in: Urban revitalization agency fund 15,000 15,000 15,000 - Net Change in Fund Balances $ (102,231) $ (102,231) 59,952 $ 162,183 Fund Balances (Deficits) Beginning of Year (41,908) Fund Balances End of Year 18,044 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Transit Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 110 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 1,980,179 $ 1,980,179 $ 1,800,483 $ (179,696) $ Charges for services 524,991 524,991 489,567 (35,424) Miscellaneous - - 328 328 Private grants and donations 21,000 21,000 24,320 3,320 Total Revenues 2,526,170 2,526,170 2,314,698 (211,472) Expenditures Current: Public health 2,617,468 2,617,468 2,360,807 256,661 Excess (Deficiency) of Revenues Over (Under) Expenditures (91,298) $ (91,298) $ (46,109) 45,189 $ Fund Balances Beginning of Year 294,269 Fund Balances End of Year 248,160 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Health Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 111 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes Real property 60,151 $ 60,151 $ 75,716 $ 15,565 $ Personal property 13,399 13,399 1,852 (11,547) Intergovernmental 10,511 10,511 10,511 - Total Revenues 84,061 84,061 88,079 4,018 Expenditures Current: Social and economic services 76,044 76,044 69,709 6,335 Excess of Revenues Over Expenditures 8,017 $ 8,017 $ 18,370 10,353 $ Fund Balances Beginning of Year 10,996 Fund Balances End of Year 29,366 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Senior Citizens Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 112 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes Real property 38,592 $ 38,592 $ 47,827 $ 9,235 $ Personal property 8,715 8,715 839 (7,876) Intergovernmental 22,930 22,930 23,930 1,000 Total Revenues 70,237 70,237 72,596 2,359 Expenditures Current: Social and economic services 67,476 67,476 65,097 2,379 Excess of Revenues Over Expenditures 2,761 $ 2,761 $ 7,499 4,738 $ Fund Balances Beginning of Year 10,884 Fund Balances End of Year 18,383 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Developmentally Disabled Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 113 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes Real property 355,729 $ 355,729 $ 456,769 $ 101,040 $ Personal property 80,428 80,428 7,744 (72,684) Special assessments - - 2,366 2,366 Intergovernmental 16,866 16,866 16,846 (20) Total Revenues 453,023 453,023 483,725 30,702 Expenditures Current: General government - - 206,767 (206,767) Excess (Deficiency) of Revenues Over (Under) Expenditures 453,023 $ 453,023 $ 276,958 (176,065) $ Fund Balances Beginning of Year (453,040) Fund Balances End of Year (176,082) $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Damages and Judgments Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 114 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 2,252,902 $ 2,252,902 $ 2,578,452 $ 325,550 $ Personal property 498,838 498,838 70,662 (428,176) Special assessments - - 10,720 10,720 Intergovernmental 1,403,778 1,403,778 1,412,338 8,560 Private grants and donations - - 21,128 21,128 Miscellaneous - - 102 102 Total Revenues 4,155,518 4,155,518 4,093,402 (62,116) Expenditures Current: Public safety 4,116,271 4,101,213 4,165,326 (64,113) Capital Outlay - 15,058 29,168 (14,110) Debt Service: Principal 95,100 95,100 95,099 1 Interest 26,108 26,108 26,107 1 Total Expenditures 4,237,479 4,237,479 4,315,700 (78,221) (Deficiency) of Revenues (Under) Expenditures (81,961) (81,961) (222,298) (140,337) Other Financing Sources Insurance proceeds - - 9,110 9,110 Net Change in Fund Balances $ (81,961) $ (81,961) (213,188) $ (131,227) Fund Balances Beginning of Year 919,016 Fund Balances End of Year 705,828 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Fire Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 115 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes Real property 533,890 $ 533,890 $ 689,343 $ 155,453 $ Personal property 119,988 119,988 13,594 (106,394) Intergovernmental 35,421 35,421 35,421 - Investment earnings - - 2,718 2,718 Total Revenues 689,299 689,299 741,076 51,777 Expenditures Current: General government 769,464 769,464 752,364 17,100 Excess (Deficiency) of Revenues Over (Under) Expenditures (80,165) $ (80,165) $ (11,288) 68,877 $ Fund Balances Beginning of Year 212,165 Fund Balances End of Year 200,877 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Comprehensive Insurance Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 116 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 35,056 $ 35,056 $ 32,000 $ (3,056) $ Charges for services 30,000 30,000 49,250 19,250 Total Revenues 65,056 65,056 81,250 16,194 Expenditures Current: Public safety 82,987 82,987 60,717 22,270 Excess (Deficiency) of Revenues Over (Under) Expenditures (17,931) (17,931) 20,533 38,464 Other Financing Sources Transfers in - general fund 8,750 8,750 8,750 - Net Change in Fund Balances $ (9,181) $ (9,181) 29,283 $ 38,464 Fund Balances Beginning of Year 89,586 Fund Balances End of Year 118,869 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Crime Control Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 117 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 3,992 $ 3,992 $ 3,992 $ - $ Expenditures Current: General government 1,450 1,450 1,450 - Excess of Revenues Over Expenditures 2,542 $ 2,542 $ 2,542 - $ Fund Balances Beginning of Year (247) Fund Balances End of Year 2,295 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Land Planning Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 118 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 45,157 $ 45,157 $ 42,615 $ (2,542) $ Expenditures Current: Public works 46,678 46,678 42,621 4,057 Excess (Deficiency) of Revenues Over (Under) Expenditures (1,521) (1,521) 1,515 Other Financing (Uses) Transfers out - junk vehicle cap replace fund - - (2,552) (2,552) Net Change in Fund Balances $ (1,521) $ (1,521) (2,558) $ (1,037) Fund Balances Beginning of Year 2,558 Fund Balances End of Year - $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Junk Vehicle Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 119 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 310,530 $ 310,530 $ - $ (310,530) $ Expenditures Current: General government 300 300 20 280 Capital Outlay 386,690 386,690 - 386,690 Total Expenditures 386,990 386,990 20 386,970 Excess (Deficiency) of Revenues Over (Under) Expenditures (76,460) $ (76,460) $ (20) 76,440 $ Fund Balances Beginning of Year 76,468 Fund Balances End of Year 76,448 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Arco Planning Grant Fund Silver Bow Creek Greenway Project Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 120 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 31 $ 32 $ 35 $ 3 $ Private grants and donations - - 52,165 52,165 Total Revenues 31 32 52,200 52,168 Expenditures Current: General government 56,077 56,077 55,420 657 Excess (Deficiency) of Revenues Over (Under) Expenditures (56,046) $ (56,045) $ (3,220) 52,825 $ Fund Balances Beginning of Year 145,121 Fund Balances End of Year 141,901 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Superfund Water Quality District Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 121 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Special assessments 45,500 $ 45,500 $ 28,579 $ (16,921) $ Expenditures Current: Public works 100,000 100,000 75,277 24,723 Excess (Deficiency) of Revenues Over (Under) Expenditures (54,500) $ (54,500) $ (46,698) 7,802 $ Fund Balances Beginning of Year (23,296) Fund Balances End of Year (69,994) $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Sidewalks Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 122 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Special assessments 14,500 $ 14,500 $ 14,683 $ 183 $ Other Financing (Uses) Transfers out - parking commission fund (15,000) (15,000) (14,641) 359 Net Change in Fund Balances $ (500) $ (500) 42 $ 542 Fund Balances Beginning of Year 180 Fund Balances End of Year 222 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Uptown Parking Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 123 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Special assessments 15,000 $ 15,000 $ 27,144 $ 12,144 $ Intergovernmental 3,241 3,241 75 (3,166) Investment earnings 211,000 211,000 137,323 (73,677) Miscellaneous 500 500 275 (225) Total Revenues 229,741 229,741 164,817 (64,924) Expenditures Current: Housing and community development 2,916,811 2,916,811 1,251,161 1,665,650 Excess (Deficiency) of Revenues Over (Under) Expenditures (2,687,070) (2,687,070) (1,086,344) 1,600,726 Other Financing Sources (Uses) Transfers in: Tax increment bond fund 2,088,596 2,088,596 2,088,596 - RRA fund 30,000 30,000 30,000 - Transfers out: Road fund (45,000) (45,000) (45,000) - General fund (39,183) (39,183) (39,183) - Public archives fund (15,000) (15,000) (15,000) - Transit fund (15,000) (15,000) (15,000) - Total Other Financing Sources (Uses) 2,004,413 2,004,413 2,004,413 - Net Change in Fund Balances $ (682,657) $ (682,657) 918,069 $ 1,600,726 Fund Balances Beginning of Year 4,594,539 Fund Balances End of Year 5,512,608 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Urban Revitalization Agency Economic Development Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 124 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 830,053 $ 1,087,553 $ 825,884 $ (261,669) $ Rent 250 250 - (250) Investment earnings 3,050 3,050 940 (2,110) Miscellaneous 10,865 10,865 - (10,865) Total Revenues 844,218 1,101,718 826,824 (274,894) Expenditures Current: Housing and community development 918,618 1,364,476 933,501 430,975 Capital Outlay 188,357 - - - Debt Service: Principal 99,263 99,263 99,262 1 Interest 7,559 7,559 7,558 1 Total Expenditures 1,213,797 1,471,298 1,040,321 430,977 Excess (Deficiency) of Revenues Over (Under) Expenditures (369,579) (369,580) (213,497) 156,083 Other Financing Sources: Transfers in: Community development block grant fund 67,300 67,300 67,300 - General fund 202,287 202,287 202,287 - Total Other Financing Sources 269,587 269,587 269,587 - Net Change in Fund Balances $ (99,992) $ (99,993) 56,090 $ 156,083 Fund Balances Beginning of Year 186,005 Fund Balances End of Year 242,095 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Community Development Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 125 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 800,000 $ 800,000 $ 829,083 $ 29,083 $ Investment earnings 150,000 150,000 25,526 (124,474) Total Revenues 950,000 $ 950,000 $ 854,609 (95,391) $ Fund Balances Beginning of Year 2,993,824 Fund Balances End of Year 3,848,433 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Hard Rock Mine Trust Reserve Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 126 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 750 $ 750 $ 28 $ (722) $ Expenditures Current: Housing and community development 16,596 16,596 61 16,535 Excess (Deficiency) of Revenues Over (Under) Expenditures (15,846) (15,846) (33) 15,813 Other Financing (Uses) Transfers out - community development fund (67,300) (67,300) (67,300) - Net Change in Fund Balances $ (83,146) $ (83,146) (67,333) $ 15,813 Fund Balances Beginning of Year 139,927 Fund Balances End of Year 72,594 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Community Development Block Grant Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 127 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 15,758 $ 15,758 $ Fund Balances Beginning of Year 149,207 Fund Balances End of Year 164,965 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana MT Pole Institutional Control Schedule of Revenues and Changes in Fund Balances - Budget and Actual 128 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 184,259 $ 184,259 $ 313,189 $ 128,930 $ Investment earnings - - 2,985 2,985 Miscellaneous - - 2,381 2,381 Total Revenues 184,259 184,259 318,555 134,296 Expenditures Current: Public safety 279,694 332,333 270,368 61,965 Capital Outlay 104,932 52,293 12,200 40,093 Total Expenditures 384,626 384,626 282,568 102,058 Excess (Deficiency) of Revenues Over (Under) Expenditures (200,367) $ (200,367) $ 35,987 236,354 $ Fund Balances Beginning of Year 366,079 Fund Balances End of Year 402,066 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana 911 Emergency Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 129 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 524,036 $ 524,036 $ 123,299 $ (400,737) $ Expenditures Current: General government 236,944 236,944 114,498 122,446 Capital Outlay 400,000 400,000 5,432 394,568 Total Expenditures 636,944 636,944 119,930 517,014 Excess (Deficiency) of Revenues Over (Under) Expenditures (112,908) $ (112,908) $ 3,369 116,277 $ Fund Balances Beginning of Year 21,232 Fund Balances End of Year 24,601 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Community Transportation Enhancement Program Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 130 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 385,013 $ 385,013 $ 38,944 $ (346,069) $ Private grants and donations - - 34,781 34,781 Total Revenues 385,013 385,013 73,725 (311,288) Expenditures Current: General government 376,645 376,645 65,012 311,633 Excess of Revenues Over Expenditures 8,368 $ 8,368 $ 8,713 345 $ Fund Balances Beginning of Year (2,092) Fund Balances End of Year 6,621 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Department of Natural Resource and Conservation Grants Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 131 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ - $ - $ Expenditures Current: Public safety - - - - Excess (Deficiency) of Revenues Over (Under) Expenditures - $ - $ - - $ Fund Balances Beginning of Year 782 Fund Balances End of Year 782 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Local Law Enforcement Block Grants Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 132 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 4,500 $ 4,500 $ 2,015 $ (2,485) $ Expenditures Current: Culture and recreation 22,975 22,975 22,972 3 (Deficiency) of Revenues (Under) Expenditures (18,475) $ (18,475) $ (20,957) (2,482) $ Fund Balances Beginning of Year 144,317 Fund Balances End of Year 123,360 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Clark Tailings Operations & Maintenance Trust Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 133 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 7,750 $ 7,750 $ 1,984 $ (5,766) $ Expenditures Current: General government 15,600 15,600 10,609 4,991 (Deficiency) of Revenues (Under) Expenditures (7,850) $ (7,850) $ (8,625) (775) $ Fund Balances Beginning of Year 197,989 Fund Balances End of Year 189,364 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana PIT Watch ED Program Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 134 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 50,000 $ 50,000 $ 23,749 $ (26,251) $ Expenditures Current: General government 271,827 281,827 194,593 87,234 Excess (Deficiency) of Revenues Over (Under) Expenditures (221,827) $ (231,827) $ (170,844) 60,983 $ Fund Balances Beginning of Year 1,255,363 Fund Balances End of Year 1,084,519 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Arco Historic Preservation Grant Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 135 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Special assessments - $ - $ (66) $ (66) $ Intergovernmental - - 14,884 14,884 Investment earnings 500 500 265 (235) Miscellaneous - - 30,377 30,377 Total Revenues 500 500 45,460 44,960 Expenditures Current: Housing and community development 27,250 27,250 20,785 6,465 Excess (Deficiency) of Revenues Over (Under) Expenditures (26,750) (26,750) 24,675 51,425 Other Financing Sources (Uses) Transfer from URA 32,091 32,091 30,000 (2,091) Transfer to revolving loan fund (30,000) (30,000) (30,000) - Total Other Financing Sources (Uses) 2,091 2,091 - (2,091) Net Change in Fund Balances $ (24,659) $ (24,659) 24,675 $ 49,334 Fund Balances Beginning of Year (419,966) Fund Balances End of Year (395,291) $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana East Butte RRA Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 136 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Charges for services 8,500 $ 8,500 $ 7,468 $ (1,032) $ Fund Balances Beginning of Year 26,802 Fund Balances End of Year 34,270 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana County Land Planning Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 137 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 7,840 $ 8,506 $ 7,838 $ (668) $ Expenditures Current: Public safety 7,174 7,840 7,582 258 Excess (Deficiency) of Revenues Over (Under) Expenditures 666 $ 666 $ 256 (410) $ Fund Balances Beginning of Year - Fund Balances End of Year 256 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Department of Justice Grants Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 138 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 20,000 $ 20,000 $ 20,000 $ - $ Private grants and contributions 6,005 6,005 307 (5,698) Total Revenues 26,005 26,005 20,307 (5,698) Expenditures Current: Culture and recreation 26,005 26,005 23,058 2,947 (Deficiency) of Revenues (Under) Expenditures - $ - $ (2,751) (2,751) $ Fund Balances Beginning of Year 1,000 Fund Balances End of Year (1,751) $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Montana Historical Preservation Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 139 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Private grants and donations 65,000 $ 65,000 $ - $ (65,000) $ Expenditures Current: Housing and community development 65,000 65,000 12,734 52,266 (Deficiency) of Revenues (Under) Expenditures - $ - $ (12,734) (12,734) $ Fund Balances Beginning of Year 80,720 Fund Balances End of Year 67,986 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Superfund Health Studies Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 140 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 68 $ 68 $ 73 $ 5 $ Private grants and donations 114,444 114,444 107,681 (6,763) Total Revenues 114,512 114,512 107,754 (6,758) Expenditures Current: General government 125,649 125,649 112,252 13,397 Excess (Deficiency) of Revenues Over (Under) Expenditures (11,137) $ (11,137) $ (4,498) 6,639 $ Fund Balances Beginning of Year 6,895 Fund Balances End of Year 2,397 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana ARCO Superfund Land Management/GIS Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 141 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 15,000 $ 15,000 $ 22,591 $ 7,591 $ Fund Balances Beginning of Year 598,217 Fund Balances End of Year 598,217 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Anaconda-ARCO Community Readjustment Schedule of Revenues and Changes in Fund Balances - Budget and Actual 142 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 241 $ 241 $ Fund Balances Beginning of Year 22,082 Fund Balances End of Year 22,323 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Arco Lead Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 143 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 209 $ 209 $ 210 $ 1 $ Private grants and donations 515,100 515,100 488,960 (26,140) Total Revenues 515,309 515,309 489,170 (26,139) Expenditures Current: Public health 521,185 521,185 508,320 12,865 Capital Outlay 48,000 48,000 47,697 303 Total Expenditures 569,185 569,185 556,017 13,168 (Deficiency) of Revenues (Under) Expenditures (53,876) $ (53,876) $ (66,847) (12,971) $ Fund Balances Beginning of Year (7,171) Fund Balances End of Year (74,018) $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Superfund Residential Metals Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 144 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 4,212,879 $ 4,212,879 $ 1,638,235 $ (2,574,644) $ Expenditures Current: General government 735,983 735,983 264,380 471,603 Capital Outlay 3,243,735 3,243,735 1,454,099 1,789,636 Total Expenditures 3,979,718 3,979,718 1,718,479 2,261,239 Excess (Deficiency) of Revenues Over (Under) Expenditures 233,161 $ 233,161 $ (80,244) (313,405) $ Fund Balances Beginning of Year (83,850) Fund Balances End of Year (164,094) $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Natural Resource Damages Program Greenway Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 145 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 9,052 $ 9,052 $ 8,558 $ (494) $ Expenditures Current: Housing and community development 8,766 8,766 - 8,766 Excess of Revenues Over Expenditures 286 286 8,558 8,272 Other Financing (Uses) Transfers out - East butte RRA (30,000) (30,000) (30,000) - Net Change in Fund Balances $ (29,714) $ (29,714) (21,442) $ 8,272 Fund Balances Beginning of Year 294,235 Fund Balances End of Year 272,793 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana East Butte RRA Revolving Loan Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 146 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 200,000 $ 200,000 $ 88,533 $ (111,467) $ Fund Balances Beginning of Year 5,351,850 Fund Balances End of Year 5,440,383 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Arco Redevelopment Trust Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 147 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 146 $ 146 $ 83 $ (63) $ Private grants and donations 579,537 579,537 566,520 (13,017) Total Revenues 579,683 579,683 566,603 (13,080) Expenditures Current: Public works 272,019 266,602 199,816 66,786 Capital Outlay 567,712 573,129 569,770 3,359 Total Expenditures 839,731 839,731 769,586 70,145 Excess (Deficiency) of Revenues Over (Under) Expenditures (260,048) $ (260,048) $ (202,983) 57,065 $ Fund Balances Beginning of Year 245,296 Fund Balances End of Year 42,313 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana ARCO Superfund Stormwater Capital Improvement Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 148 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental - $ 46,189 $ - $ (46,189) $ Expenditures Current: General government 8,745 46,189 8,745 37,444 (Deficiency) of Revenues (Under) Expenditures (8,745) $ - $ (8,745) (8,745) $ Fund Balances Beginning of Year - Fund Balances End of Year (8,745) $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana RTP Grants Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 149 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Debt Service Funds LEA Detention Total Tax Civic Center and Nonmajor Increment SID Center Adminstration Ladder Truck Debt Service Bond Revolving Bond Issue Projects Debt Service Archives ASIMI Bond Funds Assets Cash and cash equivalents 846,578 $ 91,397 $ 35,705 $ 168,292 $ 2,514 $ - $ - $ 1,144,486 $ Investments 47,967 - - - - - - 47,967 Restricted assets - investments 158,023 - - - - - 3,247,841 3,405,864 Property taxes receivable 396,049 - 10,467 80,948 8,555 5,392 - 501,411 Total Assets 1,448,617 $ 91,397 $ 46,172 $ 249,240 $ 11,069 $ 5,392 $ 3,247,841 $ 5,099,728 $ Liabilities and Fund Balances Liabilities Interfund payable - $ - $ - $ - $ - $ 804 $ - $ 804 $ Deferred revenue 396,049 - 10,467 80,949 8,555 5,392 - 501,412 Total Liabilities 396,049 - 10,467 80,949 8,555 6,196 - 502,216 Fund Balances Reserved for: Debt service 341,963 - 35,705 168,291 2,514 (804) 3,247,841 3,795,510 Accumulation of reserve authorized by State Law 710,605 91,397 - - - - - 802,002 Total Fund Balances 1,052,568 91,397 35,705 168,291 2,514 (804) 3,247,841 4,597,512 Total Liabilities and Fund Balances 1,448,617 $ 91,397 $ 46,172 $ 249,240 $ 11,069 $ 5,392 $ 3,247,841 $ 5,098,924 $ June 30, 2009 150 ---PAGE BREAK--- LEA Detention Total Tax Civic Center and Ladder Nonmajor Increment SID Center Adminstration Truck Archives Debt Service Bond Revolving Bond Issue Projects Bond Issue Bond Issue ASiMI Bond Funds Property taxes 2,396,085 $ - $ 39,103 $ 814,705 $ 108,818 $ 83,870 $ - $ 3,442,581 $ Intergovernmental 283,801 - 20,841 - - 3,992 - 308,634 Miscellaneous 277,902 - - - - - - 277,902 Investment earnings 3,072 - - - - - 1,313 4,385 Total Revenues 2,960,860 - 59,944 814,705 108,818 87,862 1,313 4,033,502 Expenditures Current: Culture and recreation - - 500 350 - 600 - 1,450 Housing and community development - - - - - - 10,820 10,820 Debt Service: Principal retirement 55,000 40,000 105,000 495,000 100,214 - 1,695,000 2,490,214 Interest and fiscal charges 32,185 9,715 83,324 422,087 39,027 88,066 1,363,147 2,037,551 Total Expenditures 87,185 49,715 188,824 917,437 139,241 88,666 3,068,967 4,540,035 Excess (Deficiency) of Revenues Over (Under) Expenditures 2,873,675 (49,715) (128,880) (102,732) (30,423) (804) (3,067,654) (506,533) Other Financing Sources (Uses) Transfers in - 49,715 - - - - 3,773,061 3,822,776 Transfers out (2,088,596) - - - - - - (2,088,596) Total Other Financing Sources (Uses) (2,088,596) 49,715 - - - - 3,773,061 1,734,180 Net Change in Fund Balances 785,079 - (128,880) (102,732) (30,423) (804) 705,407 1,227,647 Fund Balances Beginning of Year 267,489 91,397 164,585 271,023 32,937 - 2,542,434 3,369,865 Fund Balances End of Year 1,052,568 $ 91,397 $ 35,705 $ 168,291 $ 2,514 $ (804) $ 3,247,841 $ 4,597,512 $ City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Debt Service Funds For the Fiscal Year Ended June 30, 2009 151 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 1,980,000 $ 1,980,000 $ 2,396,085 $ 416,085 $ Tax title and property tax sale 2,500 2,500 - (2,500) Intergovernmental 283,801 283,801 283,801 - Investment earnings 7,500 7,500 3,072 (4,428) Miscellaneous - - 277,902 277,902 Total Revenues 2,273,801 2,273,801 2,960,860 687,059 Expenditures Debt Service: Principal 55,000 55,000 55,000 - Interest 30,205 30,205 32,185 (1,980) Total Expenditures 85,205 85,205 87,185 (1,980) Excess of Revenues Over Expenditures 2,188,596 2,188,596 2,873,675 685,079 Other Financing (Uses) Transfers out: Urban revitalization agency economic development fund (2,088,596) (2,088,596) (2,088,596) - Net Changes in Fund Balances 100,000 $ 100,000 $ 785,079 685,079 $ Fund Balances Beginning of Year 267,489 Fund Balances End of Year 1,052,568 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Tax Increment Bond Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 152 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Debt Service: Principal 40,000 $ 40,000 $ 40,000 $ - $ Interest 9,715 9,715 9,715 - Total Expenditures 49,715 49,715 49,715 - Other Financing Sources Transfers in: Combined special improvement district 49,715 49,715 49,715 - Net Change in Fund Balances - $ - $ - - $ Fund Balances Beginning of Year 91,397 Fund Balances End of Year 91,397 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana SID Revolving Fund Schedule of Expenditures and Changes in Fund Balances - Budget and Actual 153 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes Real property 40,684 $ 40,684 $ 32,311 $ (8,373) $ Personal property 1,377 1,377 6,792 5,415 Intergovernmental 20,841 20,841 20,841 - Total Revenues 62,902 62,902 59,944 (2,958) Expenditures Current: Culture and recreation 1,000 1,000 500 500 Debt Service: Principal 105,000 105,000 105,000 - Interest 83,324 83,324 83,324 - Total Expenditures 189,324 189,324 188,824 500 (Deficiency) of Revenues (Under) Expenditures (126,422) $ (126,422) $ (128,880) (2,458) $ Fund Balances Beginning of Year 164,585 Fund Balances End of Year 35,705 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Civic Center Bond Issue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 154 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 898,489 $ 898,489 $ 789,824 $ (108,665) $ Personal property 22,909 22,909 24,881 1,972 Total Revenues 921,398 921,398 814,705 (106,693) Expenditures Current: Public safety 1,500 1,500 350 1,150 Debt Service: Principal 495,000 495,000 495,000 - Interest 422,087 422,087 422,087 - Total Expenditures 918,587 918,587 917,437 1,150 Excess (Deficiency) of Revenues Over (Under) Expenditures 2,811 $ 2,811 $ (102,732) (105,543) $ Fund Balances Beginning of Year 271,023 Fund Balances End of Year 168,291 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana LEA Detention Center & Administration Project Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 155 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 77,492 $ 77,492 $ 106,407 $ 28,915 $ Personal property 2,052 2,052 2,218 166 Miscellaneous - - 193 193 Total Revenues 79,544 79,544 108,818 29,274 Expenditures Debt Service: Principal 100,214 100,214 100,214 - Interest 39,027 39,027 39,027 - Total Expenditures 139,241 139,241 139,241 - Excess (Deficiency) of Revenues Over (Under) Expenditures (59,697) $ (59,697) $ (30,423) 29,274 $ Fund Balances Beginning of Year 32,937 Fund Balances End of Year 2,514 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Ladder Truck Bond Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 156 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 94,957 $ 74,957 $ 83,729 $ 8,772 $ Personal property 17,343 17,434 141 (17,293) Intergovernmental - - 3,992 3,992 Total Revenues 112,300 92,391 87,862 (4,529) Expenditures Current: Cultural and recreation 1,200 1,200 600 600 Debt Service: Interest 88,066 88,066 88,066 - Total Expenditures 89,266 89,266 88,666 600 Excess (Deficiency) of Revenues Over (Under) Expenditures 23,034 $ 3,125 $ (804) (3,929) $ Fund Balances Beginning of Year - Fund Balances End of Year - $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Archives Bond Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 157 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Letter of credit in lieu of taxes 500,000 $ 500,000 $ - $ (500,000) $ Investment earnings 8,500 8,500 1,313 (7,187) Total Revenues 508,500 508,500 1,313 (507,187) Expenditures Current: Housing and community development 225,000 225,000 10,820 214,180 Debt Service: Principal 1,695,000 1,695,000 1,695,000 - Interest 1,363,148 1,363,148 1,363,147 1 Total Expenditures 3,283,148 3,283,148 3,068,967 214,181 (Deficiency) of Revenue (Under) Expenditures (2,774,648) (2,774,648) (3,067,654) (293,006) Other Financing Sources Transfers in - Ramsey TIFID#2 fund 3,769,237 3,769,237 3,773,061 3,824 Net Change in Fund Balances $ 994,589 $ 994,589 705,407 $ (289,182) Fund Balances Beginning of Year 2,542,434 Fund Balances End of Year 3,247,841 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana ASiMI Bond Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 158 ---PAGE BREAK--- Silver Lake Civic Detention Center Total Hard Rock Junk Vehicle Water Distribution Archives Center and LEA Nonmajor Capital Mine Capital Highway Capital System Building Renovation Administration Capital Projects Improvements Trust Abandonment Reserve Improvements Fund Project Projects Funds Assets Cash and cash equivalents 169,455 $ - $ 228 $ 3,527 $ 278,154 $ 2,161,645 $ 675 $ 11,787 $ 2,625,471 $ Investments 3,658,705 126,615 144,991 3,044 - 3,559,593 - 46,530 7,539,478 Receivables: Accounts 455 - - - - - - - 455 Special assessments - - - - - 89,119 - - 89,119 Loans 21,378 - - - - - - - 21,378 Total Assets 3,849,993 $ 126,615 $ 145,219 $ 6,571 $ 278,154 $ 5,810,357 $ 675 $ 58,317 $ 10,275,901 $ Liabilities and Fund Balances Liabilities Vouchers payable - $ - $ - $ - $ - $ 400,392 $ - $ - $ 400,392 $ Accounts payable - - - - - - 28,939 28,939 Accrued salaries and benefits 2,619 - - - - - - 2,619 Deferred revenue - - - - - 89,119 - - 89,119 Total Liabilities 2,619 - - - - 489,511 - 28,939 521,069 Fund Balances Unreserved, undesignated 3,847,374 126,615 145,219 6,571 278,154 5,320,846 675 29,378 9,754,832 Total Liabilities and Fund Balances 3,849,993 $ 126,615 $ 145,219 $ 6,571 $ 278,154 $ 5,810,357 $ 675 $ 58,317 $ 10,275,901 $ City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Capital Projects Funds June 30, 2009 159 ---PAGE BREAK--- Silver Lake Civic Detention Center Total Hard Rock Junk Vehicle Water Distribution Archives Center and LEA Nonmajor Capital Mine Capital Highway Capital System Building Renovation Administration Capital Projects Improvements Trust Abandonment Reserve Improvements Fund Project Projects Funds Revenues Intergovernmental - $ - $ - $ - $ - $ 11,250 $ - $ - $ 11,250 $ Fines and forfeitures 129,769 - - - - - - - 129,769 Miscellaneous 17,556 - - - - - - - 17,556 Investment earnings 62,640 2,059 2,360 50 - 59,593 - 757 127,459 Total Revenues 209,965 2,059 2,360 50 - 70,843 - 757 286,034 Expenditures Current General government 13,191 - - - - - - - 13,191 Culture and recreation - - - - - 15,132 - - 15,132 Capital Outlay 291,503 - - - - 1,989,033 7,504 - 2,288,040 Debt Service: Bond issuance costs - - - - - 193,760 - - 193,760 Total Expenditures 304,694 - - - - 2,197,925 7,504 - 2,510,123 Excess (Deficiency) of Revenues Over (Under) Expenditures (94,729) 2,059 2,360 50 - (2,127,082) (7,504) 757 (2,224,089) Other Financing Sources Issuance of general obligation bonds - - - - - 7,500,000 - - 7,500,000 Bond premiums - - - - - 124,635 - - 124,635 Transfers in - - - 2,552 - - - - 2,552 Total Other Financing Sources - - - 2,552 - 7,624,635 - - 7,627,187 Net Change in Fund Balances (94,729) 2,059 2,360 2,602 - 5,497,553 (7,504) 757 5,403,098 Fund Balances Beginning of Year 3,942,103 124,556 142,859 3,969 278,154 (176,707) 8,179 28,621 4,351,734 Fund Balances End of Year 3,847,374 $ 126,615 $ 145,219 $ 6,571 $ 278,154 $ 5,320,846 $ 675 $ 29,378 $ 9,754,832 $ City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Capital Projects Funds For the Fiscal Year Ended June 30, 2009 160 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Fines and forfeitures 90,000 $ 90,000 $ 129,769 $ 39,769 $ Miscellaneous - - 17,556 17,556 Investment earnings 60,000 60,000 62,640 2,640 Total Revenues 150,000 150,000 209,965 59,965 Expenditures Current: General government - 28,372 13,191 15,181 Capital Outlay: Public safety 120,000 120,000 131,664 (11,664) General government 1,000,000 950,000 159,839 790,161 Total Expenditures 1,120,000 1,098,372 304,694 793,678 Excess (Deficiency) of Revenues Over (Under) Expenditures (970,000) $ (948,372) $ (94,729) 853,643 $ Fund Balances Beginning of Year 3,942,103 Fund Balances End of Year 3,847,374 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Capital Improvements Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 161 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 2,059 $ 2,059 $ Fund Balances Beginning of Year 124,556 Fund Balances End of Year 126,615 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Hard Rock Mine Capital Trust Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 162 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 1,400 $ 1,400 $ 2,360 $ 960 $ Expenditures Capital Outlay: Public works 100,000 100,000 - 100,000 Excess (Deficiency) of Revenues Over (Under) Expenditures (98,600) $ (98,600) $ 2,360 100,960 $ Fund Balances Beginning of Year 142,859 Fund Balances End of Year 145,219 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Highway Abandonment Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 163 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 50 $ 50 $ Other Financing Sources (Uses) Transfers in - Junk Vehicle Fund - - 2,552 2,552 Net Change in Fund Balances - $ - $ 2,602 2,602 $ Fund Balances Beginning of Year 3,969 Fund Balances End of Year 6,571 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Junk Vehicle Capital Improvement Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 164 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Expenditures Capital Outlay Public works - $ - $ - $ - $ Fund Balances Beginning of Year 278,154 Fund Balances End of Year 278,154 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Silver Lake Water Distribution System Improvements Fund Schedule of Expenditures and Changes in Fund Balances - Budget and Actual 165 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Expenditures Capital Outlay: Culture and recreation 8,179 $ 8,179 $ 7,504 $ 675 $ Fund Balances Beginning of Year 8,179 Fund Balances End of Year 675 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Civic Center Renovation Fund Schedule of Expenditures and Changes in Fund Balances - Budget and Actual 166 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 757 $ 757 $ Expenditures Capital Outlay: 4,100 4,100 - 4,100 Excess (Deficiency) of Revenues Over (Under) Expenditures (4,100) $ (4,100) $ 757 4,857 $ Fund Balances Beginning of Year 28,621 Fund Balances End of Year 29,378 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Detention Center & LEA Administrative Project Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 167 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 60,000 $ 60,000 $ 11,250 $ (48,750) $ Investment earnings - - 59,593 59,593 Total Revenues 60,000 60,000 70,843 10,843 Expenditures Current: Culture and recreation - - 15,132 (15,132) Capital Outlay: Culture and recreation 7,385,617 7,385,617 1,989,033 5,396,584 Debt Service: Bond issuance costs - - 193,760 (193,760) Total Expenditures 7,385,617 7,385,617 2,182,793 5,202,824 (Deficiency) of Revenues (Under) Expenditures (7,325,617) (7,325,617) (2,111,950) 5,213,667 Other Financing Sources Issuance of general obligation bonds 7,412,325 7,412,325 7,500,000 87,675 Bond premiums - - 124,635 124,635 Total Other Financing Sources 7,412,325 7,412,325 7,624,635 212,310 Net Change in Fund Balances 86,708 $ 86,708 $ 5,512,685 5,425,977 $ Fund Balances Beginning of Year (176,707) Fund Balances End of Year 5,335,978 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Archives Building Project Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 168 ---PAGE BREAK--- Small Silver Lake MR Total Nonmajor Community Home Business Water Infrastructure Enterprise Facilities Health Incubator System Project Funds Assets Current Assets: Cash and cash equivalents 66,350 $ 39,590 $ 150,307 $ 595,082 $ - $ 851,329 $ Investments - - 84,522 418,022 - 502,544 Accounts receivable - 82,987 7,885 136,575 - 227,447 Inventory - 6,706 - - - 6,706 Total Current Assets 66,350 129,283 242,714 1,149,679 - 1,588,026 Noncurrent Assets: Capital assets: Nondepreciable - - 5,433 - - 5,433 Depreciable, net 383,023 14,912 260,655 13,289 1,776,376 2,448,255 Total Noncurrent Assets 383,023 14,912 266,088 13,289 1,776,376 2,453,688 Total Assets 449,373 144,195 508,802 1,162,968 1,776,376 4,041,714 Liabilities Current Liabilities: Vouchers payable - 8,587 1,191 1,432 - 11,210 Accrued wages and benefits payable 80 14,909 3,952 3,753 - 22,694 Compensated absences - 12,177 201 - - 12,378 Deferred revenue - - 4,617 - - 4,617 Total Current Liabilities 80 35,673 9,961 5,185 - 50,899 Long-Term Liabilities: Compensated absences 14,882 245 - - 15,127 Total Liabilities 80 50,555 10,206 5,185 - 66,026 Net Assets Invested in capital assets 383,023 14,912 266,088 13,289 1,776,376 2,453,688 Unrestricted 66,270 78,728 232,508 1,144,494 - 1,522,000 Total Net Assets 449,293 $ 93,640 $ 498,596 $ 1,157,783 $ 1,776,376 $ 3,975,688 $ Combining Statement of Net Assets City and County of Butte-Silver Bow, Montana Nonmajor Enterprise Funds June 30, 2009 169 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenses and Changes in Fund Net Assets Nonmajor Enterprise Funds For the Fiscal Year Ended June 30, 2009 Small Silver Lake MR Total Nonmajor Community Home Business Water Infrastructure Enterprise Facilities Health Incubator System Project Funds Operating Revenues Charges for services - $ 412,287 $ 98,477 $ 239,763 $ - $ 750,527 $ Miscellaneous 75,646 3,823 4,190 - - 83,659 Total Operating Revenues 75,646 416,110 102,667 239,763 - 834,186 Operating Expenses Personal services 10,323 310,875 49,432 49,941 - 420,571 Operation and maintenance 67,749 165,100 67,955 180,076 - 480,880 Depreciation 18,074 1,432 27,976 7,414 92,680 147,576 Total Operating Expenses 96,146 477,407 145,363 237,431 92,680 1,049,027 Operating Income (Loss) (20,500) (61,297) (42,696) 2,332 (92,680) (214,841) Non-Operating Revenues (Expenses) Interest and fiscal charges (2,126) - - - - (2,126) Investment earnings - - 1,375 6,803 - 8,178 Loss on Disposal of Assets - - - - - Total Non-Operating Revenues (Expenses) (2,126) - 1,375 6,803 - 6,052 Income (Loss) Before Tranfers In (Out) (22,626) (61,297) (41,321) 9,135 (92,680) (208,789) Transfers in (out): General fund 40,491 - 38,735 - - 79,226 Ramsay TIFID #2 fund - - 15,000 - - 15,000 Change in Net Assets 17,865 (61,297) 12,414 9,135 (92,680) (114,563) Net Assets Beginning of Year 431,428 154,937 486,182 1,148,648 1,869,056 4,090,251 Net Assets End of Year 449,293 $ 93,640 $ 498,596 $ 1,157,783 $ 1,776,376 $ 3,975,688 $ 170 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Cash Flows Nonmajor Enterprise Funds For the Fiscal Year Ended June 30, 2009 Small Silver Lake MR Total Nonmajor Community Home Business Water Infrastructure Enterprise Facilities Health Incubator System Project Funds Increase (Decrease) in Cash and Cash Equivalents Cash Flows from Operating Activities Cash received from customers 75,646 $ # 416,110 $ # 102,631 $ # 239,763 $ - $ 834,150 $ Cash payments for personal services (10,323) (310,875) (49,432) (49,941) - (420,571) Cash payments for goods and services (142,053) (128,256) (72,775) (179,852) - (522,936) Net Cash Provided by (Used in) Operating Activities (76,730) (23,021) (19,576) 9,970 - (109,357) Cash Flows from Noncapital Financing Activities Transfers in 40,491 - 53,735 - - 94,226 Cash Flows from Capital and Related Financing Activities Principal paid on notes payable (39,066) - - - - (39,066) Interest paid on notes (2,126) - - - - (2,126) Payments for capital acquisitions (8,378) (14,594) - - - (22,972) Net Cash Provided by (Used in) Capital and Related Financing Activities (49,570) (14,594) - - - (64,164) Cash Flows from Investing Activities Interest on investments - - 1,375 6,803 - 8,178 Net Increase (Decrease) in Cash and Cash Equivalents (85,809) (37,615) 35,534 16,773 - (71,117) Cash and Cash Equivalents Beginning of Year 152,159 77,205 199,295 996,331 - 1,424,990 Cash and Cash Equivalents End of Year 66,350 $ 39,590 $ 234,829 $ 1,013,104 $ - $ 1,353,873 $ Reconciliation to Combining Statement of Net Assets Cash and cash equivalents 66,350 $ 39,590 $ 150,307 $ 595,082 $ - $ 851,329 $ Investments - - 84,522 418,022 - 502,544 Total 66,350 $ 39,590 $ 234,829 $ 1,013,104 $ - $ 1,353,873 $ 171 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Cash Flows Nonmajor Proprietary Funds For the Fiscal Year Ended June 30, 2009 Small Silver Lake MR Total Nonmajor Community Home Business Water Infrastructure Enterprise Facilities Health Incubator System Project Funds Reconciliation of Operating Income (Loss) to Net Cash Provided by (Used in) Operating Activities Operating Income (Loss) (20,500) $ (61,297) $ (42,696) $ 2,332 $ (92,680) $ (214,841) $ Adjustments: Depreciation 18,074 1,432 27,976 7,414 92,680 147,576 (Increase) Decrease in Assets: Accounts receivable - 31,439 (831) 2,422 - 33,030 Inventory - 4,364 - - - 4,364 Increase (Decrease) in Liabilities: Accounts payable (73,913) (1,338) (3,739) (4,354) - (83,344) Accrued wages and benefits payable (391) 201 281 2,156 - 2,247 Compensated absences payable - 2,178 (567) - - 1,611 Net Cash Provided by (Used in) Operating Activities (76,730) $ (23,021) $ (19,576) $ 9,970 $ - $ (109,357) $ 172 ---PAGE BREAK--- 173 Internal Service Funds Internal service funds are used to account for the financing of goods or services provided by one department to other departments of the Government on a cost reimbursement basis. Central Equipment – Accounts for the city-county vehicles and equipment maintenance shop as well as a janitorial service provided to some departments. Central Administrative Services – Accounts for the personnel and payroll function of the local government. Central EDP & Communications – Accounts for the computer operations and centralized phone system of the local government. GIS Services – Accounts for the accumulation and allocation of costs associated with the government’s geographical information system (GIS). ---PAGE BREAK--- Central Equipment Central Administration Services Central EDP & Communications GIS Services Total Assets Current Assets: Cash and cash equivalents 523,050 $ 78,119 $ 358,600 $ 208,847 $ 1,168,616 $ Accounts receivable 4,330 - 1,596 29,244 35,170 Total Current Assets 527,380 78,119 360,196 238,091 1,203,786 Noncurrent Assets: Capital Assets: Nondepreciable 40,000 - - - 40,000 Depreciable, net 1,509,719 54 11,700 5,858 1,527,331 Total Noncurrent Assets 1,549,719 54 11,700 5,858 1,567,331 Total Assets 2,077,099 78,173 371,896 243,949 2,771,117 Liabilities Current Liabilities: Vouchers payable 4,290 2,069 6,009 85 12,453 Accounts payable - - 2,880 - 2,880 Accrued wages and benefits payable 26,336 11,368 14,179 3,824 55,707 Compensated absences payable 24,194 8,953 11,774 2,398 47,319 Total Current Liabilities 54,820 22,390 34,842 6,307 118,359 Long-term Liabilities Compensated absences payable 29,571 10,943 14,390 2,930 57,834 Total Liabilities 84,391 33,333 49,232 9,237 176,193 Net Assets Invested in capital assets 1,549,719 54 11,700 5,858 1,567,331 Unrestricted 442,989 44,786 310,964 228,854 1,027,593 Total Net Assets 1,992,708 $ 44,840 $ 322,664 $ 234,712 $ 2,594,924 $ City and County of Butte-Silver Bow, Montana June 30, 2009 Internal Service Funds Combining Statement of Net Assets 174 ---PAGE BREAK--- Central Equipment Central Administration Services Central EDP & Communications GIS Services Total Operating Revenues Charges for services 1,364,207 $ 360,573 $ 420,280 $ 65,038 $ 2,210,098 $ Miscellaneous 23,534 29,638 249 1,230 54,651 Total Operating Revenues 1,387,741 390,211 420,529 66,268 2,264,749 Operating Expenses Personal services 685,819 319,636 247,078 48,995 1,301,528 Operations and maintenance 607,856 75,825 160,334 11,820 855,835 Depreciation 226,630 1,651 22,054 1,285 251,620 Total Operating Expenses 1,520,305 397,112 429,466 62,100 2,408,983 Operating Income (Loss) (132,564) (6,901) (8,937) 4,168 (144,234) Non-Operating Revenues Intergovernmental 473 238 194 35 940 Change in Net Assets (132,091) (6,663) (8,743) 4,203 (143,294) Total Net Assets Beginning of Year 2,124,799 51,503 331,407 230,509 2,738,218 Total Net Assets End of Year 1,992,708 $ 44,840 $ 322,664 $ 234,712 $ 2,594,924 $ City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenses and Changes in Fund Net Assets For the Fiscal Year Ended June 30, 2009 Internal Service Funds 175 ---PAGE BREAK--- Central Equipment Central Administration Services Central EDP & Communications GIS Services Total Increase (Decrease) in Cash and Cash Equivalents Cash Flows from Operating Activities Cash receipts from interfund services provided 1,364,207 $ 361,568 $ 413,776 $ 37,031 $ 2,176,582 $ Cash payments for personnel services (685,346) (332,001) (237,946) (47,367) (1,302,660) Cash payments for goods and services (603,679) (68,241) (160,334) (7,406) (839,660) Net Cash Provided by Operating Activities 75,182 (38,674) 15,496 (17,742) 34,262 Cash Flows from Noncapital Financing Activities Intergovernmental 473 0 238 194 35 940 Cash Flows from Capital and Related Financing Activities Payments for capital acquisitions (373,296) - - - (373,296) Net Increase (Decrease) in Cash and Cash Equivalents (297,641) (38,436) 15,690 (17,707) (338,094) Cash and Cash Equivalents Beginning of Year 820,691 116,555 342,910 226,554 1,506,710 Cash and Cash Equivalents End of Year 523,050 $ 78,119 $ 358,600 $ 208,847 $ 1,168,616 $ Combining Statement of Cash Flows City and County of Butte-Silver Bow, Montana For the Fiscal Year Ended June 30, 2009 Internal Service Funds 176 ---PAGE BREAK--- Central Equipment Central Administration Services Central EDP & Communications GIS Services Total Reconciliation of Operating Income (Loss) to Net Cash Provided by Operating Activities Operating Income (Loss) (132,564) $ (6,901) $ (8,937) $ 4,168 $ (144,234) $ Adjustments: Depreciation 226,630 1,651 22,054 1,285 251,620 Capital asset adjustments - 7,584 520 - 8,104 (Increase) Decrease in Assets: Accounts receivable 14,988 93 2,562 (29,244) (11,601) Increase (Decrease) in Liabilities: Vouchers payable (11,213) 1,229 2,280 85 (7,619) Accounts payable - (14,500) 2,880 - (11,620) Accrued wages and benefits payable 475 1,052 (14,995) 2,835 (10,633) Compensated absences payable (23,134) (28,882) 9,132 3,129 (39,755) Net Cash Provided by Operating Activities 75,182 $ (38,674) $ 15,496 $ (17,742) $ 34,262 $ City and County of Butte-Silver Bow, Montana Combining Statement of Cash Flows Internal Service Funds For the Fiscal Year Ended June 30, 2009 177 ---PAGE BREAK--- 178 Trust & Agency Funds Trust funds are used to account for assets held by the government in a trustee capacity. Agency funds are used to account for assets held by the government as an agent for individuals, private organizations, other government and/or other funds. Property Tax Fund – Accounts for all property taxes collected by the county for schools, state, other cities and towns, and districts. School District Trust Fund – To account for revenues collected and cash and investments for various school districts within the City and County of Butte-Silver Bow. Fees and Judgments Due to State – To account for various fees and judgments collected by the local government which are due to the state. Payroll & Claims Fund – Accounts for the County’s payroll fund and outstanding claims. Tax Deed Land & Redemption Fund – To account for land that has been tax deeded by Butte-Silver Bow until which time a tax sale of property is held. It also accounts for the land which is under contract to be redeemed. Butte-Silver Bow Trust Funds – Accounts for funds collected which the county is an agent. Such things include a portion of parking fees which revert to an outside entity, garnishment of child support, alimony and other awards of the court, public administrator functions and court ordered operation of a cemetery. PRP Group Trust Funds – Accounts for funds collected by Butte-Silver Bow from Burlington Northern Railroad, Santa Fe Railroad and ARCO to be distributed for superfund activities per contract. The two projects are entitled the Priority Soils Operable Unit (BPSOU) and Time Critical Removal Action. School District #1 Individual Investment Funds – Accounts for individual investments made on behalf of School District #1 by the City and County of Butte-Silver Bow, under the direction of School District #1 Business Manager. School District #3 Individual Investment Funds – Accounts for individual investments made on behalf of School District #3 by the City and County of Butte-Silver Bow, under the direction of the Clerk of School District School District #4 Individual Investment Funds – Accounts for individual investments made on behalf of School District #4 by the City and County of Butte-Silver Bow, under the direction of Clerk of School District School District #5 Individual Investment Funds – Accounts for individual investments made on behalf of School District #5 by the City and County of Butte-Silver Bow, under the direction of Clerk of School District School District #1 External Investment Pool – Accounts for funds invested in the State of Montana Investment Pool. This pool is administered by the Montana Board of Investments and has been deemed 2a7-like. Funds are invested under the direction of the School District #1 Business Manager by Butte-Silver Bow. ---PAGE BREAK--- School District #1 School District #1 Individual External Investment Investment Funds Pool Total Assets Investments 7,431,784 $ 1,246,552 $ 8,678,336 $ Net Assets Net assets held in trust for pool participants 7,431,784 $ 1,246,552 $ 8,678,336 $ City and County of Butte-Silver Bow, Montana June 30, 2009 Trust Funds Combining Statement of Fiduciary Net Assets 180 ---PAGE BREAK--- School District #1 School District #1 Individual External Investment Investment Funds Pool Total Additions Shares and investments purchased 4,892,024 $ 146,965,369 $ 151,857,393 $ Investment earnings 229,685 228,473 458,158 Total Additions 5,121,709 147,193,842 152,315,551 Deductions Shares and investments redeemed 4,848,000 157,209,688 162,057,688 Investment earnings distributed to School District #1 2,948,207 - 2,948,207 Total Deductions 7,796,207 157,209,688 165,005,895 Increase (Decrease) in Net Assets (2,674,498) (10,015,846) (12,690,344) Net Assets Held in Trust For Pool Participants Beginning of Year 10,106,283 11,262,397 21,368,680 Net Assets Held in Trust For Pool Participants End of Year 7,431,785 $ 1,246,551 $ 8,678,336 $ City and County of Butte-Silver Bow, Montana For the Fiscal Year Ended June 30, 2009 Trust Funds Combining Statement of Changes in Fiduciary Net Assets 180 ---PAGE BREAK--- Balance Balance July 1, 2008 Additions Deductions June 30, 2009 Property Tax Fund Assets Cash and cash equivalents 1,021,850 $ 486,072 $ 1,346,866 $ 161,056 $ Investments 3,470,880 53,095 2,522,300 1,001,675 Receivables 3,658,120 26,407,071 28,033,960 2,031,232 Total Assets 8,150,850 $ 26,946,238 $ 31,903,126 $ 3,193,963 $ Liabilities Accounts payable 4,136,121 $ 797,436 $ 4,187,203 $ 746,354 $ Interest payable 185,444 53,095 8,177 230,362 Intergovernmental payable: Due to special districts 298,502 279,248 181,182 396,568 Due to state 983,753 8,391,382 8,936,473 438,662 Due to schools 2,471,207 17,937,783 19,247,816 1,161,174 Due to component unit 38,459 868,152 868,070 38,541 Due to cities and towns 37,366 1,049,137 904,200 182,303 Total Liabilities 8,150,852 $ 29,376,233 $ 34,333,121 $ 3,193,963 $ Balance Balance School District Trust Fund July 1, 2008 Additions Deductions June 30, 2009 Assets Cash and cash equivalents 9,239,893 $ 212,211,940 $ 198,863,397 $ 22,588,436 $ Liabilities Due to schools 9,239,893 $ 212,211,940 $ 198,863,397 $ 22,588,436 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Statement of Changes in Fiduciary Assets and Liabilities 181 ---PAGE BREAK--- Balance Balance July 1, 2008 Additions Deductions June 30, 2009 Fees & Judgments Due to State Assets Cash and cash equivalents 486,584 $ 11,718,593 $ 11,581,167 $ 624,010 $ Receivables - 15,908 - 15,908 Total Assets 486,584 $ 11,734,501 $ 11,581,167 $ 639,918 $ Liabilities Due to state 486,584 $ 11,734,501 $ 11,581,167 $ 639,918 $ Balance Balance Tax Deed Land & Redemption Fund July 1, 2008 Additions Deductions June 30, 2009 Assets Cash and cash equivalents 2,050 $ 61,343 $ 37,835 $ 25,558 $ Contracts receivable 3,916 18,133 19,423 2,626 Land acquired by tax deed 277,727 - 2,206 275,521 Total Assets 356,306 $ 79,476 $ 59,464 $ 303,705 $ Liabilities Accounts payable 283,693 $ 56,581 $ 36,569 $ 303,705 $ Vouchers payable - 42,947 42,947 - Total Liabilities 356,306 $ 99,528 $ 79,516 $ 303,705 $ Balance Balance Butte-Silver Bow Trust Funds July 1, 2008 Additions Deductions June 30, 2009 Assets Cash and cash equivalents 114,358 $ 58,288 $ 44,091 $ 128,555 $ Investments 380,771 6,299 - 387,070 Total Assets 636,825 $ 64,587 $ 44,091 $ 515,625 $ Liabilities Accounts payable 492,251 $ 64,587 $ 41,213 $ 515,625 $ Vouchers payable 2,878 - 2,878 - Total Liabilities 636,825 $ 64,587 $ 44,091 $ 515,625 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Statement of Changes in Fiduciary Assets and Liabilities 182 ---PAGE BREAK--- Balance Balance July 1, 2008 Additions Deductions June 30, 2009 PRP Group Trust Funds Assets Cash and cash equivalents 20,840 $ - $ - $ 20,840 $ Liabilities Due to others 20,840 $ - $ - $ 20,840 $ For the Fiscal Year Ended June 30, 2009 City and County of Butte-Silver Bow, Montana Statement of Changes in Fiduciary Assets and Liabilities 183 ---PAGE BREAK--- ---PAGE BREAK--- Statistical Section ---PAGE BREAK--- Contents Exhibits Financial Trends I - XIIA Page 185 Government-wide Net Assets by Category I 186 Chart-Government-wide Net Assets by Category IA 187 Changes in Net Assets - Governmental Activities II 188 Changes in Net Assets - Governmental Activities - Percentage of Total III 189 Changes in Net Assets - Business-type Activities IV 190 Changes in Net Assets - Business-type Activities - Percentage of Total V 191 Changes in Net Assets - Total VI 192 Tax Revenues by Source - Governmental Funds VII 193 Chart-Tax Revenues by Source - Governmental Funds VIIA 194 Fund Balances - Governmental Funds VIII 195 General Governmental Revenues by Source (Unaudited) IX 196 General Governmental Expenditures by Function (Unaudited) X 197 General Governmental Current Expenditures by Function (Unaudited) XI 198 Changes in Fund Balances - Governmental Funds XII 199 Chart-Changes in Fund Balances - Governmental Funds XIIA Revenue Capacity XIII - XVI Page 200 Assessed Market Value XIII 201 Direct and Overlapping Property Tax Rates XIV 202 Principal Property Taxpayers XV 203 Property Tax Levies and Collections1 XVI Debt Capacity XVII - XXI Page 204 Ratios of Total Debt Oustanding by Type XVII 205 Ratio of General Bonded Debt Outstanding XVIII 206 Governmental Activities Direct and Overlapping Debt XIX 207 Legal Debt Margin XX 208 Schedule of Revenue Bond Coverage XXI Demographic and Economic Information XXII - XXIII Page 209 Demographic and Economic Statistics XXII 210 Top Twenty Private Employers XXIII Operating Information XXIV - XXVI Page 211 Full-time Equivalent Employees by Function XXIV 212 Operating Indicators by Function/Program XXV 213 Capital Asset and Infastructure Statistics by Function/Program XXVI Data Source: City and County of Butte-Silver Bow, Montana Schedule Schedule These exhibits contain service and infrastructure indicators that can inform one's understanding how the information in the City and County's financial statements relates to the services the City and County provides and the activities it performs. Schedule Statistical Section Summary ( Unaudited) This part of the City and County of Butte-Silver Bow, Montana's (City and County) comprehensive annual financial report presents detailed information as a context for understanding this year's financial statements, note disclosures, and supplementary information. This information has not been audited. 1 Unless otherwise noted, the information in these exhibits is derived from the comprehensive annual financial reports for the relevant year. The County implemented GASB Statement No. 34 in fiscal year 2003, therefore exhibits presenting government- wide information includes only six years of data. These exhibits contain trend information that may assist the reader in assessing the City and County's current financial performance by placing it in an historical perspective. These exhibits contain information that may assist the reader in assessing the viability of the City and County's most significant "own-source" revenue sources. Property taxes are the City and County's primary "own revenue source." These exhibits present information that may assist the reader in analyzing the affordability of the City and County's current levels of outstanding debt and the City and County's ability to issue additional debt in the future. This exhibit offers demographic and economic indicators that are commonly used for financial analysis and that can inform one's understanding the City and County's present and ongoing financial status. Schedule Schedule 185 ---PAGE BREAK--- Exhibit I June 30, 2003 June 30, 2004 June 30, 2005 June 30, 2006 June 30, 2007 June 30, 2008 June 30, 2009 Governmental Activities Invested in capital assets, net of related debt3 (19,914,298) $ (8,224,231) $ (4,973,943) $ (1,301,770) $ 37,880,187 $ 38,272,244 $ 38,442,287 $ Restricted 18,333,209 7,631,881 6,760,614 8,542,508 5,052,725 6,363,688 8,445,945 Unrestricted 26,777,127 31,141,617 32,703,998 33,877,440 43,817,437 46,260,401 46,805,978 Subtotal Governmental Activities Net Assets 25,196,038 30,549,267 34,490,669 41,118,178 86,750,349 90,896,333 93,694,210 Business-type Activities Invested in capital assets, net of related debt 28,021,931 $ 31,528,695 $ 34,731,910 $ 38,249,353 $ 39,663,322 43,757,726 50,181,875 Restricted 8,617,497 6,382,764 6,928,035 9,029,159 8,087,767 8,235,735 3,392,346 Unrestricted 12,690,753 14,403,197 12,942,030 10,742,308 13,340,494 12,651,209 15,614,520 Subtotal Business-type Activities Net Assets 49,330,181 52,314,656 54,601,975 58,020,820 61,091,583 64,644,670 69,188,741 Primary Government Invested in capital assets, net of related debt 8,107,633 23,304,464 29,757,967 36,947,583 77,543,509 82,029,970 88,624,162 Restricted 26,950,706 14,014,645 13,688,649 17,571,667 13,140,492 14,599,423 11,838,291 Unrestricted 39,467,880 45,544,814 45,646,028 44,619,748 57,157,931 58,911,610 62,420,498 Total Primary Government Net Assets 74,526,219 $ 82,863,923 $ 89,092,644 $ 99,138,998 $ 147,841,932 $ 155,541,003 $ 162,882,951 $ June 30, 2003 June 30, 2004 June 30, 2005 June 30, 2006 June 30, 2007 June 30, 2008 June 30, 2009 Governmental Activities Invested in capital assets, net of related debt -79.0% -26.9% -14.4% -3.2% 43.7% 42.1% 41.0% Restricted 72.8% 25.0% 19.6% 20.8% 5.8% 7.0% 9.0% Unrestricted 106.2% 101.9% 94.8% 82.4% 50.5% 50.9% 50.0% Subtotal Governmental Activities Net Assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Business-type Activities Invested in capital assets, net of related debt 56.8% 60.3% 63.6% 65.9% 64.9% 67.7% 72.5% Restricted 17.5% 12.2% 12.7% 15.6% 13.2% 12.7% 4.9% Unrestricted 25.7% 27.5% 23.7% 18.5% 21.8% 19.6% 22.6% Subtotal Business-type Activities Net Assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Primary Government Invested in capital assets, net of related debt 10.9% 28.1% 33.4% 37.3% 52.5% 52.7% 54.4% Restricted 36.1% 16.9% 15.4% 17.7% 8.9% 9.4% 7.3% Unrestricted 53.0% 55.0% 51.2% 45.0% 38.7% 37.9% 38.3% Total Primary Government Net Assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Notes: 3 A deficit was reported in fiscal years 2003 - 2006 since the City and County had not reported its infrastructure retroactively, although there was outstanding debt related to infrastructure. In fiscal year 2007, over $37.3 million of book value of infrastructure was added to the government-wide statement of net assets. 2 Accounting standards require that net assets be reported in three components in the financial statements: invested in capital assets, net of related debt; restricted; and unrestricted. Net assets are considered restricted only when an external party, such as the State of Montana or the federal government, places a restriction on how the resources may be used, or enabling legislation is enacted by the City and County. There are no restrictions currently reported as a result of enabling legislation. 1 The City and County implemented GASB Statement No. 34 in fiscal year 2003, therefore, only seven years of government-wide data is presented. Amounts Percentage of Total City and County of Butte-Silver Bow, Montana Government-wide Net Assets by Category 2 Last Seven Fiscal Years 1 (accrual basis of accounting) 186 ---PAGE BREAK--- Exhibit IA Chart-Government-wide Net Assets by Category City and County of Butte-Silver Bow, Montana Last Seven Fiscal Years (accrual basis of accounting) $25,196,038 $30,549,267 $34,490,669 $41,118,178 $86,750,349 $90,896,333 93,694,210 $49,330,181 $52,314,656 $54,601,975 $58,020,820 $61,091,583 $64,644,670 69,188,741 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 2003 2004 2005 2006 2007 2008 2009 Fiscal Year Governmental Activities Business-type Activities 187 ---PAGE BREAK--- Exhibit II Source 2003 2004 2005 2006 2007 2008 2009 Expenses: General government 8,127,184 $ 8,409,683 $ 9,194,426 $ 9,840,663 $ 9,827,805 $ 10,226,319 $ 10,866,213 $ Public safety 9,194,549 10,239,596 10,170,498 10,841,488 11,501,342 12,870,631 14,105,614 Public works 3,962,130 4,711,806 4,064,908 4,821,961 5,505,350 6,138,150 6,601,992 Public health 2,537,524 2,598,355 2,700,993 2,928,719 3,024,805 3,407,409 4,141,100 Social and economic services 172,573 195,594 179,827 202,267 201,839 216,137 236,774 Culture and recreation 2,137,504 2,133,316 2,179,222 2,287,724 2,509,329 2,729,001 2,815,238 Housing and community development 2,448,733 4,224,211 2,858,609 4,293,088 7,417,989 5,108,680 5,272,460 Interest and fiscal charges 3,005,400 2,813,359 2,622,195 2,401,422 2,211,530 2,131,812 2,167,905 Total Expenses 31,585,597 35,325,920 33,970,678 37,617,332 42,199,989 42,828,139 46,207,295 Program Revenues: Charges for services: General government 3,062,190 3,303,496 3,563,888 3,863,468 1,909,372 4,445,776 4,241,383 Public safety 1,237,658 1,520,777 1,215,863 1,391,633 1,307,795 1,053,947 1,134,235 Public works 1,374,640 1,957,266 1,385,091 1,367,840 6,547,889 367,210 140,185 Other activities 796,941 859,098 825,649 783,641 597,152 573,947 1,241,495 Operating grants and contributions 12,050,840 11,361,076 11,199,969 13,635,961 12,719,370 12,752,094 16,604,680 Capital grants and contributions 610,273 719,935 1,659,303 2,629,319 312,124 753,789 - Total Program Revenues 19,132,542 19,721,648 19,849,763 23,671,862 23,393,702 19,946,763 23,361,978 Net (Expense) Revenue (12,453,055) (15,604,272) (14,120,915) (13,945,470) (18,806,287) (22,881,376) (22,845,317) General Revenues and Transfers In: Taxes: Property 18,231,045 20,057,184 16,387,508 18,382,499 22,622,589 23,056,407 22,661,639 Franchise 216,207 228,647 240,923 261,119 288,216 300,714 321,282 Motor fuel 731,704 706,957 685,844 668,036 665,350 656,136 643,665 Investment earnings 913,867 480,856 1,076,240 1,758,245 2,504,774 2,145,787 937,855 Miscellaneous 202,290 188,198 326,261 180,734 789,360 569,371 872,978 Transfers in 130,862 231,265 272,308 251,501 246,265 298,945 205,774 General Revenues and Transfers In: 20,425,975 21,893,107 18,989,084 21,502,134 27,116,554 27,027,360 25,643,193 Change in Net Assets 7,972,920 $ 6,288,835 $ 4,868,169 $ 7,556,664 $ 8,310,267 $ 4,145,984 $ 2,797,876 $ Notes: 1 The City and County implemented GASB Statement No. 34 in fiscal year 2003, therefore, only seven years of government-wide data is presented. City and County of Butte-Silver Bow, Montana Changes in Net Assets - Governmental Activities Last Seven Fiscal Years 1 (accrual basis of accounting) Fiscal Year Ended June 30, 2009 188 ---PAGE BREAK--- Exhibit III Source 2003 2004 2005 2006 2007 2008 2009 Expenses: General government 25.7% 23.8% 27.1% 26.2% 23.3% 23.9% 23.5% Public safety 29.1% 29.0% 29.9% 28.8% 27.3% 30.1% 30.5% Public works 12.5% 13.3% 12.0% 12.8% 13.0% 14.3% 14.3% Public health 8.0% 7.4% 8.0% 7.8% 7.2% 8.0% 9.0% Social and economic services 0.5% 0.6% 0.5% 0.5% 0.5% 0.5% 0.5% Culture and recreation 6.8% 6.0% 6.4% 6.1% 5.9% 6.4% 6.1% Housing and community development 7.8% 12.0% 8.4% 11.4% 17.6% 11.9% 11.4% Interest and fiscal charges 9.5% 8.0% 7.7% 6.4% 5.2% 5.0% 4.7% Total Expenses 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Program Revenues: Charges for services: General government 16.0% 16.8% 18.0% 16.3% 8.2% 22.3% 18.2% Public safety 6.5% 7.7% 6.1% 5.9% 5.6% 5.3% 4.9% Public works 7.2% 9.9% 7.0% 5.8% 28.0% 1.8% 0.6% Other activities 4.2% 4.4% 4.2% 3.3% 2.6% 2.9% 5.3% Operating grants and contributions 63.0% 57.6% 56.4% 57.6% 54.4% 63.9% 71.1% Capital grants and contributions 3.2% 3.7% 8.4% 11.1% 1.3% 3.8% 0.0% Total Program Revenues 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% General Revenues and Transfers In: Taxes: Property 89.3% 91.6% 86.3% 85.5% 83.4% 85.3% 88.4% Franchise 1.1% 1.0% 1.3% 1.2% 1.1% 1.1% 1.3% Motor fuel 3.6% 3.2% 3.6% 3.1% 2.5% 2.4% 2.5% Investment earnings 4.5% 2.2% 5.7% 8.2% 9.2% 7.9% 3.7% Miscellaneous 1.0% 0.9% 1.7% 0.8% 2.9% 2.1% 3.4% Transfers in 0.6% 1.1% 1.4% 1.2% 0.9% 1.1% 0.8% General Revenues and Transfers In: 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Notes: 1 The City and County implemented GASB Statement No. 34 in fiscal year 2003, therefore, only seven years of government-wide data is presented. City and County of Butte-Silver Bow, Montana Changes in Net Assets - Governmental Activities - Percentage of Total Last Seven Fiscal Years 1 (accrual basis of accounting) Fiscal Year Ended June 30, 2009 189 ---PAGE BREAK--- Exhibit IV Source 2003 2004 2005 2006 2007 2008 2009 Expenses: Community facilities 82,723 $ 136,777 $ 77,479 $ 93,005 $ 132,174 $ 550,183 $ 96,146 $ Home health 443,873 455,989 452,745 455,245 478,038 463,873 477,407 Small business incubator 139,231 148,147 153,460 166,836 163,866 159,863 145,363 Water utility division 6,302,532 6,477,498 6,614,912 6,780,770 6,860,855 7,144,643 7,105,960 Metro sewer operations 2,792,393 2,945,589 3,144,561 3,342,055 3,451,722 3,447,702 3,415,305 Solid waste 1,635,632 1,710,038 1,773,813 1,807,043 1,847,420 2,096,777 2,027,230 Silver lake water system 199,266 371,617 560,408 509,674 325,308 229,247 237,431 Water distribution systems improvements 256,670 256,670 - - - - - MSE-TA mariah project 35,229 25,467 482,537 - - - - MR infrastructure project - 134,063 152,510 120,197 94,298 94,107 94,806 Total Expenses 11,887,549 12,661,855 13,412,425 13,274,825 13,353,681 14,186,395 13,599,648 Program Revenues: Charges for services: Water utility division 6,703,566 $ 6,901,705 $ 6,581,500 $ 7,013,614 $ 7,022,225 7,091,827 7,102,346 Metro sewer operations 3,095,490 3,233,383 3,129,620 3,139,392 3,136,061 3,129,455 3,126,532 Solid waste 2,221,839 2,320,635 2,445,974 2,362,245 2,460,317 2,618,059 2,478,040 Other activities 1,038,995 1,752,888 1,960,876 1,938,562 1,800,880 868,096 750,527 Operating grants and contributions 2,707 198,146 244,340 15,425 1,196,557 3,246,789 4,418,961 Capital grants and contributions 1,165,795 1,168,842 1,302,889 1,763,404 - - - Total Program Revenues 14,228,392 15,575,599 15,665,199 16,232,642 15,616,040 16,954,226 17,876,406 Net (Expense) Revenue 2,340,843 2,913,744 2,252,774 2,957,817 2,262,359 2,767,831 4,276,758 General Revenues and Transfers : Restricted investment earnings 183,510 137,738 234,081 684,335 889,296 725,949 258,092 Miscellaneous 190,862 164,258 72,772 28,194 165,373 358,252 214,997 Transfers (130,862) (231,265) (272,308) (251,501) (246,265) (298,945) (205,774) Total General Revenues and Transfers 243,510 70,731 34,545 461,028 808,404 785,256 267,315 Change in Net Assets 2,584,353 $ 2,984,475 $ 2,287,319 $ 3,418,845 $ 3,070,763 $ 3,553,087 $ 4,544,073 $ Notes: 1 The City and County implemented GASB Statement No. 34 in fiscal year 2003, therefore, only seven years of government-wide data is presented. City and County of Butte-Silver Bow, Montana Changes in Net Assets - Business-type Activities Last Seven Fiscal Years 1 (accrual basis of accounting) Fiscal Year Ended June 30, 2009 190 ---PAGE BREAK--- Exhibit V Source 2003 2004 2005 2006 2007 2008 2009 Expenses: Community facilities 0.7% 1.1% 0.6% 0.7% 1.0% 3.9% 0.7% Home health 3.7% 3.6% 3.4% 3.4% 3.6% 3.3% 3.5% Small business incubator 1.2% 1.2% 1.1% 1.3% 1.2% 1.1% 1.1% Water utility division 53.0% 51.2% 49.3% 51.1% 51.4% 50.4% 52.3% Metro sewer operations 23.5% 23.3% 23.4% 25.2% 25.8% 24.3% 25.1% Solid waste 13.8% 13.5% 13.2% 13.6% 13.8% 14.8% 14.9% Silver lake water system 1.7% 2.9% 4.2% 3.8% 2.4% 1.6% 1.7% Water distribution systems improvements 2.2% 2.0% 0.0% 0.0% 0.0% 0.0% 0.0% MSE-TA mariah project 0.2% 0.2% 3.6% 0.0% 0.0% 0.0% 0.0% MR infrastructure project 0.0% 1.0% 1.2% 0.9% 0.7% 0.6% 0.6% Total Expenses 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Program Revenues: Charges for services: Water utility division 47.1% 44.3% 42.0% 43.2% 45.0% 41.8% 39.7% Metro sewer operations 21.8% 20.8% 20.0% 19.3% 20.1% 18.5% 17.5% Solid waste 15.6% 14.9% 15.6% 14.6% 15.8% 15.4% 13.9% Other activities 7.3% 11.3% 12.5% 11.9% 11.5% 5.1% 4.2% Operating grants and contributions 0.0% 1.3% 1.6% 0.1% 7.7% 19.2% 24.7% Capital grants and contributions 8.2% 7.4% 8.3% 10.9% 0.0% 0.0% 0.0% Total Program Revenues 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Notes: 1 The City and County implemented GASB Statement No. 34 in fiscal year 2003, therefore, only seven years of government-wide data is presented. City and County of Butte-Silver Bow, Montana Changes in Net Assets - Business-type Activities - Percentage of Total Last Seven Fiscal Years 1 (accrual basis of accounting) Fiscal Year Ended June 30, 191 ---PAGE BREAK--- Exhibit VI Source 2003 2004 2005 2006 2007 2008 2009 Expenses: Governmental activities 2 31,585,597 $ 35,325,920 $ 33,970,678 $ 37,617,332 $ 42,199,989 $ 42,828,139 $ 46,207,295 $ Business-type activities 3 11,887,549 12,661,855 13,412,425 13,274,825 13,353,681 14,186,395 13,599,648 Total Expenses 43,473,146 47,987,775 47,383,103 50,892,157 55,553,670 57,014,534 59,806,943 Program Revenues: Governmental activities 2 19,132,542 19,721,648 19,849,763 23,671,862 23,393,702 19,946,763 23,361,978 Business-type activities 3 14,228,392 15,575,599 15,665,199 16,232,642 15,616,040 16,954,226 17,876,406 Total Program Revenues 33,360,934 35,297,247 35,514,962 39,904,504 39,009,742 36,900,989 41,238,384 Net (Expense) Revenue (10,112,212) (12,690,528) (11,868,141) (10,987,653) (16,543,928) (20,113,545) (18,568,559) General Revenues and Transfers: Governmental activities 2 20,425,975 21,893,107 18,989,084 21,502,134 27,116,554 27,027,360 25,643,193 Business-type activities 3 243,510 70,731 34,545 461,028 808,404 785,256 267,315 Total General Revenues and Transfers 20,669,485 21,963,838 19,023,629 21,963,162 27,924,958 27,812,616 25,910,508 Change in Net Assets 10,557,273 $ 9,273,310 $ 7,155,488 $ 10,975,509 $ 11,381,030 $ 7,699,071 $ 7,341,949 $ Notes: Data Source: 3 See Exhibit IV 1 The City and County implemented GASB Statement No. 34 in fiscal year 2003, therefore, only seven years of government-wide data is presented. 2 See Exhibit II Fiscal Year Ended June 30, City and County of Butte-Silver Bow, Montana Changes in Net Assets - Total Last Seven Fiscal Years 1 (accrual basis of accounting) 192 ---PAGE BREAK--- Exhibit VII Fiscal Year Motor Ended June 30, Property Franchise Fuel Total 2000 19,295,680 $ 124,055 $ 756,482 $ 20,176,217 $ 2001 15,701,866 126,162 748,753 16,576,781 2002 16,591,649 148,422 732,335 17,472,406 2003 18,231,045 216,207 731,704 19,178,956 2004 20,057,184 228,647 706,957 20,992,788 2005 16,387,508 240,923 685,844 17,314,275 2006 18,382,499 261,119 668,036 19,311,654 2007 22,622,589 288,216 665,350 23,576,155 2008 23,056,407 300,714 656,136 24,013,257 2009 23,453,849 402,621 643,665 24,500,135 Percentage Change In Dollars Over 10 Years ago 21.5% 224.6% -14.9% 21.4% Fiscal Year Motor Ended June 30, Property Franchise Fuel Total 2000 95.6% 0.6% 3.7% 100.0% 2001 94.7% 0.8% 4.5% 100.0% 2002 95.0% 0.8% 4.2% 100.0% 2003 95.1% 1.1% 3.8% 100.0% 2004 95.5% 1.1% 3.4% 100.0% 2005 94.6% 1.4% 4.0% 100.0% 2006 95.2% 1.4% 3.5% 100.0% 2007 96.0% 1.2% 2.8% 100.0% 2008 96.0% 1.3% 2.7% 100.0% 2009 95.7% 1.6% 2.6% 100.0% Data Source: Applicable years' comprehensive annual financial report. Percentage of Total Tax Revenues by Source - Governmental Funds City and County of Butte-Silver Bow, Montana Last Ten Fiscal Years (accrual basis of accounting) Amounts 193 ---PAGE BREAK--- Exhibit VIIA Chart-Tax Revenues by Source - Governmental Funds City and County of Butte-Silver Bow, Montana Last Ten Fiscal Years (modified accrual basis of accounting) $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Fiscal Year Motor Fuel Taxes Franchise Taxes Property Taxes 194 ---PAGE BREAK--- Exhibit VIII 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 General Fund Reserved 1,699,788 $ 1,877,434 $ 1,896,150 $ 1,614,326 $ - $ 1,010,921 $ 1,301,210 $ 1,374,435 $ 1,850,364 $ 2,146,461 $ Unreserved 4,542,917 4,633,632 5,656,324 4,923,356 7,069,850 4,839,324 4,922,303 5,100,825 4,583,046 4,193,244 Subtotal General Fund 6,242,705 6,511,066 7,552,474 6,537,682 7,069,850 5,850,245 6,223,513 6,475,260 6,433,410 6,339,705 General Fund Percentage Change -3.3% 4.3% 16.0% -13.4% 8.1% -17.3% 6.4% 4.0% -0.6% -1.5% All Other Governmental Funds Reserved 14,979,942 13,844,305 14,065,494 16,717,068 7,631,881 7,740,375 9,949,927 8,464,836 10,151,918 11,988,488 Unreserved Special Revenue Funds1 8,617,120 9,360,328 9,889,817 10,127,987 19,358,505 21,043,519 20,901,824 28,613,794 29,235,044 27,031,863 Debt Service Funds (15,163) - - - - - - - - - Capital Projects Fund 5,588,568 4,026,683 2,842,386 11,083,586 4,464,972 4,220,666 4,287,624 4,375,157 4,351,734 9,754,832 Subtotal All Other Governmental Funds 29,170,467 27,231,316 26,797,697 37,928,641 31,455,358 33,004,560 35,139,375 41,453,787 43,738,696 48,775,183 Total Governmental Funds Reserved 16,679,730 15,721,739 15,961,644 18,331,394 7,631,881 8,751,296 11,251,137 9,839,271 12,002,282 14,134,949 Unreserved 18,733,442 18,020,643 18,388,527 26,134,929 30,893,327 30,103,509 30,111,751 38,089,776 38,169,824 40,979,939 Total Governmental Funds 35,413,172 $ 33,742,382 $ 34,350,171 $ 44,466,323 $ 38,525,208 $ 38,854,805 $ 41,362,888 $ 47,929,047 $ 50,172,106 $ 55,114,888 $ All Governmental Funds Percentage Change 23.9% -4.7% 1.8% 29.5% -13.4% 0.9% 6.5% 15.9% 4.7% 9.9% Notes: 1 In fiscal year 2007, the City and County received a $5 million contribution from ARCO, which was unspent at June 30, 2007. June 30, City and County of Butte-Silver Bow, Montana Fund Balances - Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) 195 ---PAGE BREAK--- Exhibit IX Source 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Revenues: Taxes 19,295,680 $ 15,701,866 $ 16,591,649 $ 17,914,887 $ 20,443,558 $ 16,542,024 $ 17,926,699 $ 21,278,904 $ 21,626,722 $ 24,857,438 $ Licenses and permits 2,760,128 2,658,823 609,549 642,358 658,653 713,484 774,343 805,522 877,399 830,666 Intergovernmental 6,477,973 8,186,188 11,956,307 10,193,270 10,477,598 11,162,197 12,211,119 10,294,681 12,176,008 14,385,583 Charges for services 1,538,382 1,620,514 1,960,056 1,883,086 2,156,006 1,786,644 2,065,963 2,048,223 2,044,757 5,615,561 Fines and forfeitures 570,991 572,154 641,242 717,581 815,727 671,442 604,964 582,229 643,978 632,353 Special assessments 1,007,097 963,135 1,109,032 1,110,766 1,180,835 1,245,539 1,181,701 1,259,772 1,306,335 1,287,271 Health insurance contributions 1,944,803 1,967,930 2,092,903 2,100,952 2,318,251 2,612,512 2,842,499 2,895,136 3,175,460 3,213,761 Other grants and donations 1,224,867 709,935 827,582 774,183 709,832 829,506 1,589,605 6,840,412 703,469 1,370,834 Letter of credit in lieu of taxes - - - 1,710,322 955,116 867,569 2,503,021 260,560 352,075 - Investment earnings 1,766,088 2,292,720 1,212,518 913,868 480,857 1,076,240 1,758,247 2,504,774 2,145,787 937,855 Miscellaneous 1,008,720 233,889 433,534 214,615 223,945 335,503 225,007 378,402 567,440 809,217 Total Revenues 37,594,729 34,907,154 37,434,372 38,175,888 40,420,378 37,842,660 43,683,168 49,148,615 45,619,430 53,940,539 % change from prior year 10.2% -7.1% 7.2% 2.0% 5.9% -6.4% 15.4% 12.5% -7.2% 18.2% Taxes 51.3% 45.0% 44.3% 46.9% 50.6% 43.7% 41.0% 43.3% 47.4% 46.1% Licenses and permits 7.3% 7.6% 1.6% 1.7% 1.6% 1.9% 1.8% 1.6% 1.9% 1.5% Intergovernmental 17.2% 23.5% 31.9% 26.7% 25.9% 29.5% 28.0% 20.9% 26.7% 26.7% Charges for services 4.1% 4.6% 5.2% 4.9% 5.3% 4.7% 4.7% 4.2% 4.5% 10.4% Fines and forfeitures 1.5% 1.6% 1.7% 1.9% 2.0% 1.8% 1.4% 1.2% 1.4% 1.2% Special assessments 2.7% 2.8% 3.0% 2.9% 2.9% 3.3% 2.7% 2.6% 2.9% 2.4% Health insurance contributions 5.2% 5.6% 5.6% 5.5% 5.7% 6.9% 6.5% 5.9% 7.0% 6.0% Other grants and donations 3.3% 2.0% 2.2% 2.0% 1.8% 2.2% 3.6% 13.9% 1.5% 2.5% Letter of credit in lieu of taxes 0.0% 0.0% 0.0% 4.5% 2.4% 2.3% 5.7% 0.5% 0.8% 0.0% Investment earnings 4.7% 6.6% 3.2% 2.4% 1.2% 2.8% 4.0% 5.1% 4.7% 1.7% Miscellaneous 2.7% 0.7% 1.2% 0.6% 0.6% 0.9% 0.5% 0.8% 1.2% 1.5% Total revenues 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Notes: Data Source: Applicable years' comprehensive annual financial For the Fiscal Year Ended June 30, General Governmental Revenues by Source (Unaudited) 1 City and County of Butte-Silver Bow, Montana Last Ten Fiscal Years (modified accrual basis of accounting) 1 Includes all governmental fund types. 196 ---PAGE BREAK--- Exhibit X Function 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Expenditures: Current: General government 5,949,542 $ 6,168,650 $ 6,824,045 $ 6,469,559 $ 7,562,354 $ 8,483,889 $ 8,953,630 $ 9,481,676 $ 10,018,640 $ 10,457,497 $ Public safety 8,519,763 8,482,924 8,539,499 8,955,757 9,978,594 9,699,778 10,197,642 10,876,965 12,311,497 13,161,267 Public works 3,623,379 3,594,238 3,751,730 3,915,817 4,473,862 4,174,413 4,576,959 4,866,008 5,413,879 5,777,139 Public health 2,223,104 2,278,258 2,570,134 2,465,793 2,553,622 2,680,162 2,890,485 3,010,363 3,423,381 4,078,925 Social and economic services 185,808 190,960 189,653 171,391 194,230 179,334 199,749 201,889 213,651 234,981 Culture and recreation 1,852,848 1,834,420 2,069,003 1,964,093 1,996,867 2,005,594 2,161,833 2,344,638 2,563,341 2,594,179 Housing and community development 2,078,054 1,425,847 1,416,698 1,158,655 2,932,454 1,564,992 2,998,699 5,409,237 3,083,104 3,218,235 Total Current 24,432,498 23,975,297 25,360,762 25,101,065 29,691,983 28,788,162 31,978,997 36,190,776 37,027,493 39,522,223 % Change From Prior Year 0.3% -1.9% 5.8% -1.0% 18.3% -3.0% 11.1% 13.2% 2.3% 6.7% Capital Outlay 2,061,667 3,253,617 3,565,061 6,029,366 8,611,622 2,486,879 3,373,209 3,911,062 2,430,736 9,009,423 % Change From Prior Year -71.4% 57.8% 9.6% 69.1% 42.8% -71.1% 35.6% 15.9% -37.8% 270.6% Debt Service2 Principal 6,860,197 9,306,143 8,728,751 8,131,939 8,157,860 6,147,031 5,668,811 3,069,620 3,047,950 2,777,083 Interest and fees 1,133,426 1,140,031 1,170,256 1,302,799 531,293 505,979 537,306 2,304,627 2,180,758 2,121,027 Bond issuance costs - - - - - - - - - 193,760 Total Debt Service 7,993,623 10,446,174 9,899,007 9,434,738 8,689,153 6,653,010 6,206,117 5,374,247 5,228,708 5,091,870 % Change From Prior Year 141.6% 30.7% -5.2% -4.7% -7.9% -23.4% -6.7% -13.4% -2.7% -2.6% Total Expenditures 34,487,788 37,675,088 38,824,830 40,565,169 46,992,758 37,928,051 41,558,323 45,476,085 44,686,937 53,623,516 Debt Service as a % of Noncapital Expenditures 24.7% 30.3% 28.1% 27.3% 22.6% 18.8% 16.3% 12.9% 12.4% 11.0% Notes: Data Source: Applicable years' comprehensive annual financial report. For the Fiscal Year Ended June 30, General Governmental Expenditures by Function (Unaudited) 1 City and County of Butte-Silver Bow, Montana Last Ten Fiscal Years (modified accrual basis of accounting) 2 The classification between principal and interest is not available for fiscal years 1999-2006, 1 Includes all governmental fund types. 197 ---PAGE BREAK--- Exhibit XI Function 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Expenditures: Current: General government 5,949,542 $ 6,168,650 $ 6,824,045 $ 6,469,559 $ 7,562,354 $ 8,483,889 $ 8,953,630 $ 9,481,676 $ 10,018,640 $ 10,457,497 $ Public safety 8,519,763 8,482,924 8,539,499 8,955,757 9,978,594 9,699,778 10,197,642 10,876,965 12,311,497 13,161,267 Public works 3,623,379 3,594,238 3,751,730 3,915,817 4,473,862 4,174,413 4,576,959 4,866,008 5,413,879 5,777,139 Public health 2,223,104 2,278,258 2,570,134 2,465,793 2,553,622 2,680,162 2,890,485 3,010,363 3,423,381 4,078,925 Social and economic services 185,808 190,960 189,653 171,391 194,230 179,334 199,749 201,889 213,651 234,981 Culture and recreation 1,852,848 1,834,420 2,069,003 1,964,093 1,996,867 2,005,594 2,161,833 2,344,638 2,563,341 2,594,179 Housing and community development 2,078,054 1,425,847 1,416,698 1,158,655 2,932,454 1,564,992 2,998,699 5,409,237 3,083,104 3,218,235 Total Current 24,432,498 $ 23,975,297 $ 25,360,762 $ 25,101,065 $ 29,691,983 $ 28,788,162 $ 31,978,997 $ 36,190,776 $ 37,027,493 $ 39,522,223 $ Current: General government 24.4% 25.7% 26.9% 25.8% 25.5% 29.5% 28.0% 26.2% 27.1% 26.5% Public safety 34.9% 35.4% 33.7% 35.7% 33.6% 33.7% 31.9% 30.1% 33.2% 33.3% Public works 14.8% 15.0% 14.8% 15.6% 15.1% 14.5% 14.3% 13.4% 14.6% 14.6% Public health 9.1% 9.5% 10.1% 9.8% 8.6% 9.3% 9.0% 8.3% 9.2% 10.3% Social and economic services 0.8% 0.8% 0.7% 0.7% 0.7% 0.6% 0.6% 0.6% 0.6% 0.6% Culture and recreation 7.6% 7.7% 8.2% 7.8% 6.7% 7.0% 6.8% 6.5% 6.9% 6.6% Housing and community development 8.5% 5.9% 5.6% 4.6% 9.9% 5.4% 9.4% 14.9% 8.3% 8.1% Total Current 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Notes: Data Source: City and County of Butte-Silver Bow, Montana Last Ten Fiscal Years (modified accrual basis of accounting) Applicable years' comprehensive annual financial report. 1 Includes all governmental fund types. For the Fiscal Year Ended June 30, General Governmental Current Expenditures by Function (Unaudited) 1 198 ---PAGE BREAK--- Exhibit XII 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Total Revenues - Exhibit IX 37,594,729 $ 34,907,154 $ 37,434,372 $ 38,175,888 $ 40,420,378 $ 37,842,660 $ 43,683,168 $ 49,148,615 $ 45,619,430 $ 53,940,539 $ Total Expenditures - Exhibit X 34,487,788 37,675,088 38,824,830 40,565,169 46,992,758 37,928,051 41,558,323 45,476,085 44,686,937 53,623,516 Excess (Deficiency) of Revenues Over (Under) Expenditures 3,106,941 (2,767,934) (1,390,458) (2,389,281) (6,572,380) (85,391) 2,124,845 3,672,530 932,493 317,023 Other Financing Sources (Uses) Installment contract inception 1,147,167 787,711 - - - - - - - - Revenue bonds issued - - - - - - - - - - General obligation bonds issued 2,400,000 - - 12,574,000 - - - - 978,554 7,500,000 Bond premiums - - - - - - - - - 124,635 General obligation notes issues - - - - - - - 1,432,989 33,067 - Insurance reimbursement 193,823 - 19,760 15,780 - - - 96,663 - 9,110 Special improvement district bonds issued - - - - 400,000 - - - - - Advance letter of credit - - 1,738,647 - - - - - - - Sale of capital assets 23,500 64,015 - - - 25,612 - - - - Transfers in 12,363,779 8,342,611 9,292,293 9,606,428 13,056,293 6,324,257 5,837,567 10,173,684 6,340,104 6,918,720 Transfers out (12,406,583) (8,097,352) (9,052,436) (9,475,566) (12,825,028) (5,934,880) (5,454,329) (9,997,919) (6,041,159) (6,712,946) Total Other Financing Sources (Uses) 3,721,686 1,096,985 1,998,264 12,720,642 631,265 414,989 383,238 1,705,417 1,310,566 7,839,519 Net Change in Fund Balances 6,828,627 $ (1,670,949) $ 607,806 $ 10,331,361 $ (5,941,115) $ 329,598 $ 2,508,083 $ 5,377,947 $ 2,243,059 $ 8,156,542 $ Data Source: Applicable years' comprehensive annual financial report. For the Fiscal Year Ended June 30, Changes in Fund Balances - Governmental Funds City and County of Butte-Silver Bow, Montana Last Ten Fiscal Years (modified accrual basis of accounting) 199 ---PAGE BREAK--- Exhibit XIIA Chart-Changes in Fund Balances - Governmental Funds City and County of Butte-Silver Bow, Montana Last Ten Fiscal Years (modified accrual basis of accounting) $6,828,627 $607,806 $10,331,361 $(5,941,115) $329,598 $2,508,083 $2,243,059 $8,156,542 $(1,670,949) $5,377,947 $(8,000,000) $(6,000,000) $(4,000,000) $(2,000,000) $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Fiscal Year Net Change in Fund Balances 200 ---PAGE BREAK--- Exhibit XIII Fiscal Less: Total Total Year Tax Assessed Direct Ending Tax Real Mobile Personal Motor Exempt Market Tax June 30, Year Property Home Property Vehicle Property Value Rate1 2000 1999 1,496,341,149 11,403,695 36,301,743 21,595 45,103,690 1,498,964,492 159.00 2001 2000 1,522,796,413 10,710,944 35,213,994 21 48,049,093 1,520,672,279 175.29 2002 2001 1,565,937,536 10,749,471 35,302,695 1,736 50,859,744 1,561,131,694 184.05 2003 2002 1,510,197,258 10,485,852 33,436,423 1,428 50,303,459 1,503,817,502 219.00 2004 2003 1,522,233,956 10,397,595 28,527,746 1,255 47,796,617 1,513,363,935 223.62 2005 2004 1,317,164,163 11,041,565 29,773,087 2,260 50,317,847 1,307,663,228 242.54 2006 2005 1,560,551,015 10,199,975 28,719,197 94,240 53,134,397 1,546,430,030 255.20 2007 2006 1,817,623,590 10,939,722 29,215,183 65,375 58,140,238 1,799,703,632 302.27 2008 2007 1,994,573,633 10,388,921 31,971,153 76,284 59,146,227 1,977,863,764 298.00 2009 2008 2,104,765,106 10,373,592 36,058,107 72,795 64,113,888 2,087,155,712 296.66 40.7% -9.0% -0.7% 237.1% 42.1% 39.2% 86.6% 2000 1999 96.9% 0.7% 2.4% 0.0% 100.0% 2001 2000 97.1% 0.7% 2.2% 0.0% 100.0% 2002 2001 97.1% 0.7% 2.2% 0.0% 100.0% 2003 2002 97.2% 0.7% 2.2% 0.0% 100.0% 2004 2003 97.5% 0.7% 1.8% 0.0% 100.0% 2005 2004 97.0% 0.8% 2.2% 0.0% 100.0% 2006 2005 97.6% 0.6% 1.8% 0.0% 100.0% 2007 2006 97.8% 0.6% 1.6% 0.0% 100.0% 2008 2007 97.9% 0.5% 1.6% 0.0% 100.0% 2009 2008 97.8% 0.5% 1.7% 0.0% 100.0% 1: These are the number of mills levied to provide funding for local government operations Souce: Mt Dept of Revenue;Butte-Silver Bow Budget Office % Change from 2000 to 2009 City and County of Butte-Silver Bow, Montana Assessed Market Value Last Ten Fiscal Years 201 ---PAGE BREAK--- Exhibit XIV Fiscal Debt Debt Special Year Operating Service Total Operating Service Total Districts 2000 154.61 4.39 159.00 324.32 12.37 336.69 19.89 2001 171.51 3.78 175.29 331.65 12.91 344.56 20.40 2002 182.03 2.02 184.05 326.95 12.67 339.62 20.95 2003 190.60 28.40 219.00 349.08 12.53 361.61 21.49 2004 211.18 12.44 223.62 327.34 14.87 342.21 23.13 2005 217.71 24.83 242.54 394.62 18.49 413.11 25.80 2006 230.84 24.36 255.20 365.21 16.79 382.00 26.26 2007 279.50 22.77 302.27 369.47 15.52 384.99 26.02 2008 272.77 25.23 298.00 356.67 14.98 371.65 25.51 2009 278.39 18.27 296.66 355.85 1.00 356.85 23.97 % Change From 2000-2009 80.1% 316.2% 86.6% 9.7% -91.9% 6.0% 20.5% Data Source: City and County of Butte-Silver Bow, Montana Direct and Overlapping Property Tax Rates 1 Last Ten Fiscal Years City and County Budget Office Direct Rate Notes: 2 Overlapping rates are those of governments that overlap the City and County's geographic boundaries. 1 Tax rates expressed in rate per $1,000 of annual taxes values mills). School District Overlapping Rates 2 202 ---PAGE BREAK--- Exhibit XV Percentage Percentage of Total of Total Taxable Taxable Taxable Taxable Assessed Assessed Assessed Assessed Principal Taxpayer Value Rank Value Principal Taxpayer Value Rank Value REC (Formerly ASiMI) 10,097,295 $ 1 16.67% ASiMI 1 9,192,624 $ 1 15.88% Northwestern Energy 1 9,477,664 2 15.64% Montana Power Company 2 8,722,959 2 15.07% Montana Resources, Inc. 9,038,803 3 14.92% Sumitomo Bank Capital Markets Inc 3,516,751 3 6.07% Qwest Corporation 902,079 4 1.49% Montana Resources, Inc. 3,279,085 4 5.66% Butte Senior Living Property 3 353,135 5 0.58% US West Communication 1,131,921 5 1.95% Wal-mart Real Estate Business 341,096 6 0.56% Hyman David L. & Anne Trustees 356,836 6 0.62% Hyman David L. & Anne Trustees 291,783 7 0.48% TRI Touch America, Inc. 324,794 7 0.56% Praxair, Inc. - REC Affiliated 1 287,294 8 0.47% Praxair Inc 301,419 8 0.52% Verizon Wireless 218,923 9 0.36% Sky West Airlines 233,017 9 0.40% WWC Holdings AllTell 188,441 10 0.31% WETO Non-Profit Corporation 216,713 10 0.37% Total Principal Taxpayers 31,196,513 51.49% Total Principal Taxpayers 27,276,119 47.11% All Other Taxpayers 29,392,627 48.51% All Other Taxpayers 30,624,397 52.89% Total 60,589,140 $ 100.00% Total 57,900,516 $ 100.00% Notes: 1 Taxable valuation lies in whole or in part in the Uraban Revitalization District or Tax Increment Financing District. 2 Acquired by Northwestern Energy, LLC in 2002. 3 Formerly Waterford. Data Source: City and County Tax Records 2009 2000 City and County of Butte-Silver Bow, Montana Principal Property Taxpayers Current Year and Nine Years Ago 203 ---PAGE BREAK--- Exhibit XVI Fiscal Year Taxes Levied Collections Ended for the Percentage in Subsequent Percentage Percentage June 30, Fiscal Year Amount of Levy Years 2, 3 Amount of Levy Amount of Levy 2000 9,952,871 8,366,904 84.07% 415,704 8,782,608 88.24% 1,170,263 11.76% 2001 7,794,546 7,096,930 91.05% 906,413 8,003,343 102.68% (208,797) -2.68% 2002 8,286,848 7,505,277 90.57% 348,000 7,853,277 94.77% 433,571 5.23% 2003 9,145,764 8,383,279 91.66% 454,256 8,837,535 96.63% 308,229 3.37% 2004 10,814,847 10,027,701 92.72% 507,638 10,535,339 97.42% 279,508 2.58% 2005 9,137,671 8,346,991 91.35% 532,136 8,879,127 97.17% 258,544 2.83% 2006 10,693,128 9,591,368 89.70% 662,712 10,254,080 95.89% 439,048 4.11% 2007 13,693,649 12,953,606 94.60% 697,894 13,651,500 99.69% 42,149 0.31% 2008 14,095,937 13,537,503 96.04% 524,801 14,062,304 99.76% 33,633 0.24% 2009 14,771,870 13,554,188 91.76% 1,613,353 15,167,541 102.68% (395,671) -2.68% Notes: Data Source: - City and County Tax Collection Records 1 Does not include Tax Increment Financing Industrial Districts or Urban Revitilization Agency Districts. 2 The City and County did not implement GASB Statement No. 44, retroactively. 3 Delinquent tax collections are reported in the year collected. Fiscal Year of the Levy Total Collections to Date Uncollected Taxes City and County of Butte-Silver Bow, Montana Property Tax Levies and Collections 1 Last Ten Fiscal Years Collected Within the Total 204 ---PAGE BREAK--- Exhibit XVII General Special Solid Percentage Debt Fiscal Obligation Assessment Capital Notes & Sewer Water Waste Notes & of Personal Estimated Per Year Bonds 3 Bonds Leases Loans Bonds Bonds Bonds Loans Total Income2 Population2 Capita 2000 2,400,000 $ - $ 555,302 $ 1,477,489 $ 2,894,390 $ 23,920,000 $ 2,220,000 $ - $ 33,467,181 $ 4.27% 34,[PHONE REDACTED] 2,320,000 - 1,026,847 1,690,654 2,094,390 22,810,000 2,115,000 639,980 32,696,871 3.91% 33,[PHONE REDACTED] 2,240,000 - 866,372 1,417,650 1,344,390 21,640,000 2,005,000 492,975 30,006,387 3.48% 33,[PHONE REDACTED] 14,734,000 - 861,116 1,187,075 894,408 20,415,000 1,890,000 326,644 40,308,243 4.46% 33,193 1,214 2004 14,090,000 400,000 683,716 943,718 - 18,490,000 1,765,000 2,053,957 38,426,391 3.98% 33,038 1,163 2005 13,590,000 380,000 499,180 687,860 - 17,040,000 1,635,000 1,287,274 35,119,314 3.41% 32,076 1,095 2006 13,060,000 350,000 473,149 481,504 - 15,565,000 1,495,000 385,885 31,810,538 2.91% 32,[PHONE REDACTED] 12,510,000 315,000 445,705 1,762,317 - 13,243,800 - 78,130 28,354,952 2.44% 33,[PHONE REDACTED] 12,887,058 280,000 416,774 1,512,861 - 11,751,863 - 39,065 26,887,621 1.96% 32,[PHONE REDACTED] 19,806,671 240,000 386,274 1,256,492 - 9,008,158 - - 30,697,595 2.62% 32,602 942 Notes: Data Source: 2 Exhibit XXII 3 Beginning in fiscal year 2007, unamortized bond discounts and bond premiums are adjusted through the bonds payable. 1 Details regarding the City and County's outstanding debt can be found in the notes to the basic financial statements. City and County of Butte-Silver Bow, Montana Ratios of Total Debt Oustanding by Type 1 Last Ten Fiscal Years Business-type Activities Governmental Activities 205 ---PAGE BREAK--- Percentage of General Less: Amounts Assessed Market Fiscal Year Obligation Available in Debt Assessed Market Value of Debt Per Year Bonds Service Funds Total Population1 Value2 Property Capita 2000 2,400,000 $ 88,827 $ 2,311,173 $ 34,527 1,498,964,492 $ 0.15% 67 $ 2001 2,320,000 85,865 2,234,135 33,766 1,520,672,279 $ 0.15% 66 2002 2,240,000 10,897 2,229,103 33,431 1,561,131,694 $ 0.14% 67 2003 14,734,000 699,025 14,034,975 33,193 1,503,817,502 $ 0.93% 423 2004 14,090,000 180,085 13,909,915 33,038 1,513,363,935 $ 0.92% 421 2005 13,590,000 91,492 13,498,508 32,076 1,307,663,228 $ 1.03% 421 2006 13,060,000 88,995 12,971,005 32,982 1,546,430,030 $ 0.84% 393 2007 12,510,000 370,227 12,139,773 33,905 1,799,703,632 $ 0.67% 358 2008 12,887,058 468,545 12,418,513 32,486 1,977,863,764 $ 0.63% 382 2009 19,806,671 206,511 19,600,160 32,602 2,087,155,712 $ 0.94% 601 Data Source: 1 Exhibit XXII 2 Exhibit XIII Exhibit XVIII City and County of Butte-Silver Bow, Montana Ratio of General Bonded Debt Outstanding Last Ten Fiscal Years 206 ---PAGE BREAK--- Exhibit XIX Estimated Estimated Share of Debt Percentage Overlapping Governmental Unit Outstanding Applicable 2 Debt Debt Repaid With Property Taxes Overlapping Debt1 Butte School District Number One, Montana 3 - $ 100.0% - $ City and County Direct Debt General obligation bonds 19,806,671 Special assessment bonds 240,000 Capital leases 386,274 Notes and loans 1,256,492 Total City and County Direct Debt 21,689,437 $ 100.0% 21,689,437 Total Direct and Overlapping Debt 21,689,437 $ Notes: Data Source: 3 Butte School District Number One, Montana City and County of Butte-Silver Bow, Montana Governmental Activities Direct and Overlapping Debt June 30, 2009 2 For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of another government's taxable assessed value that is within the City's boundaries and dividing it by the City and County's total taxable assessed value. 1 Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City and County. 207 ---PAGE BREAK--- Exhibit XX 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Legal Debt Margin Debt limit (2.5% of total assessed value) 27,659,388 $ 26,389,889 $ 27,281,132 $ 26,505,642 $ 26,865,022 $ 29,021,581 $ 38,500,598 $ 40,702,665 $ 49,237,905 $ 52,178,893 $ Net debt applicable to limit: 3,810,435 4,499,478 4,204,272 15,774,399 14,978,823 14,305,550 13,575,657 12,510,000 12,887,058 19,806,671 Legal debt margin 23,848,953 $ 21,890,411 $ 23,076,860 $ 10,731,243 $ 11,886,199 $ 14,716,031 $ 24,924,941 $ 28,192,665 $ 36,350,847 $ 32,372,222 $ As a percentage of debt limit 86.22% 82.95% 84.59% 40.49% 44.24% 50.71% 64.74% 69.26% 73.83% 62.04% 2,087,155,712 $ Debt limit (2.5% of total assessed value) 52,178,893 $ Total bonded debt 20,046,671 Less special assessement bonds (240,000) Total debt applicable to limitation 19,806,671 Total legal debt margin 32,372,222 $ Legal Debt Margin Calculation for Fiscal Year 2009 Total assessed value June 30, City and County of Butte-Silver Bow, Montana Legal Debt Margin Last Ten Fiscal Years (Amounts presented in $1,000) 208 ---PAGE BREAK--- Less Net Revenue Fiscal Operating Operating Depreciation & Available for Times Year Revenues Expenses Amortization Debt Service Principal Interest Total Coverage 1999 2,110,089 $ 1,415,628 $ 289,690 $ 984,151 $ 100,000 $ 130,300 $ 230,300 $ 4.27 2000 2,116,908 1,512,501 322,988 927,395 105,000 124,000 229,000 4.05 2001 2,143,474 1,563,348 298,545 878,671 110,000 118,225 228,225 3.85 2002 2,247,929 1,549,684 243,191 941,436 110,000 118,225 228,225 4.13 2003 2,243,208 1,523,616 290,383 1,009,975 115,000 112,015 227,015 4.45 2004 2,339,333 1,603,374 294,787 1,030,746 125,000 105,140 230,140 4.48 2005 2,447,010 1,675,952 275,824 1,046,882 130,000 97,860 227,860 4.59 2006 2,364,395 1,717,163 315,095 962,327 140,000 89,880 229,880 4.19 2007 2,462,087 1,847,420 296,559 911,226 1,495,000 - 1,495,000 0.61 2008 1 2,628,622 2,096,777 335,552 867,397 - - - - 2009 3,177,883 3,415,305 652,535 415,113 - - - - Less Net Revenue Fiscal Operating Operating Depreciation & Available for Times Year Revenues Expenses Amortization Debt Service Principal Interest Total Coverage 1999 6,984,446 $ 5,026,620 $ 1,440,377 $ 3,398,203 $ 1,055,000 $ 1,320,516 $ 2,375,516 $ 1.43 2000 7,140,925 4,933,061 1,475,170 3,683,034 1,055,000 1,205,813 2,260,813 1.63 2001 6,995,751 4,845,672 1,492,089 3,642,168 1,110,000 1,151,735 2,261,735 1.61 2002 6,710,741 4,984,220 1,515,612 3,242,133 1,170,000 1,093,322 2,263,322 1.43 2003 6,781,339 5,251,346 1,697,585 3,227,578 1,225,000 1,025,380 2,250,380 1.43 2004 6,967,125 5,557,567 1,786,537 3,196,095 1,290,000 912,074 2,202,074 1.45 2005 6,841,415 5,866,743 2,005,511 2,980,183 1,450,000 739,047 2,189,047 1.36 2006 7,017,603 6,084,499 2,147,751 3,080,855 1,475,000 688,882 2,163,882 1.42 2007 7,106,007 6,224,999 2,201,284 3,082,292 1,530,000 635,855 2,165,855 1.42 2008 1 7,258,140 6,572,564 2,267,677 2,953,253 1,595,000 564,359 2,159,359 1.37 2009 7,154,881 6,596,459 2,329,557 2,887,979 1,660,000 508,775 2,168,775 1.33 Notes: 1 The revenue bonds were fully retired in fiscal year 2007. Data Source: Exhibit XXI City andCounty of Butte-Silver Bow Schedule of Revenue Bond Coverage Applicable years' comprehensive annual financial report. Water Utility Solid Waste Last Ten Fiscal Years 209 ---PAGE BREAK--- Exhibit XXII (in thousands of dollars) County as City Personal City & United a % of Median School City & State of United Year Population1 Income1 County States U.S. Age Enrollment3 County Montana States 2000 34,527 783,410 $ 22,690 29,843 76% 36.0 5,125 5.4% 4.7% 4.1% 2001 33,766 836,831 24,783 30,562 81% 38.9 5,026 5.1% 4.3% 4.7% 2002 33,431 861,938 25,783 30,795 84% 39.5 4,969 5.3% 4.5% 6.0% 2003 33,193 904,772 27,256 31,466 87% 37.5 4,912 4.9% 4.5% 6.5% 2004 33,038 964,483 29,163 33,090 88% 38.9 4,708 4.7% 4.2% 5.8% 2005 32,076 1,029,823 31,324 34,471 91% 38.9 4,676 4.1% 3.8% 5.2% 2006 32,982 1,094,702 33,641 35,919 94% 41.6 4,593 3.6% 3.3% 4.8% 2007 33,905 1,163,668 36,130 37,356 97% 41.6 4,431 3.3% 3.1% 4.7% 2008 32,486 1,372,284 38,376 40,941 94% 42.0 4,373 4.3% 4.1% 5.7% 2009 32,602 1,170,662 35,908 38,615 93% 42.0 4,323 6.1% 6.4% 9.7% City and County of Butte-Silver Bow, Montana Demographic and Economic Statistics Last Ten Years 4 Montana Department of Labor & Industry, not seasonally adjusted, http://www.ourfactsyourfuture.org/cgi/dataanalysis/AreaSelection.asp?tableName=Labforce Per Capita Income1 Unemployment Rates4 Data Sources: 3 Butte School District Number One 1 U.S. Bureau, of Census, http://www.bea.gov/regional/reis/default.cfm?catable=CA1-3§ion=2 2007 & 2008, management estimates, most current data available. 2 Based upon management's estimates. 210 ---PAGE BREAK--- Exhibit XXIII COMPANY NAME PRODUCT OR SERVICE Acadia Montana Advanced Silicon Materials Polysilicon Production Aware, Inc. Human Services Butte Convalescent Center Health Services Butte GM Auto Center Retail Community Counseling & Correctional Service Adult Social Services Crest Nursing Home Health Services Easter Seals - Goodwill Retail Harrington Restaurant Supply Wholesale Herberger's Retail MSE Technology Applications, Inc. Technology/Engineering Services Mercury Street Medical Health Services Montana Resources Mining Montana Standard Media Northwestern Energy Utilities Safeway Retail Silver House Mental Health Services St. James Community Hospital Health Services Town Pump Retail/Fuel Services Wal-Mart Retail Source: Montana Department of Labor and Industry Note: Due to confidentiality laws, top employer lists are provided in alphabetical order only. The listing cannot be ranked in order of employment and no employment data can be provided for individual businesses. Data is derived from the most current information available at this time. City and County of Butte-Silver Bow, Montana Top Twenty Private Employers Year Ended June 30, 2009 211 ---PAGE BREAK--- Exhibit XXIV Function 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 General Government 277 258 223 244 248 256 187 201 195 199 Public Safety Police Sheriff 1 1 1 1 1 1 1 1 1 1 Undersheriff 1 1 1 1 1 1 1 1 1 1 Officers 44 42 44 46 46 41 41 44 44 44 Civilians 20 17 17 16 17 21 21 20 21 21 Detention Officers 9 14 17 18 18 25 26 27 27 27 Fire Chief 1 1 1 1 1 1 1 1 1 1 Assistant Chief 1 1 1 1 1 1 1 1 1 1 Firefighters and Officers 32 31 31 31 31 30 30 32 32 32 Civilians 1 1 1 1 1 1 1 1 1 1 Highways and Streets Engineering 2 2 2 2 2 2 2 2 2 2 Maintenance 22 21 21 21 20 17 17 17 21 24 Sanitation 6 6 6 6 5 5 5 5 6 6 Culture and Recreation 8 8 8 8 8 7 7 10 8 8 Water 43 44 44 45 44 46 44 41 45 45 Sewer 27 27 27 27 27 27 27 25 28 28 Total 495 475 445 469 471 482 412 429 434 441 Percentage Change From Prior Year 1.4% -4.0% -6.3% 5.4% 0.4% 2.3% -14.5% 4.1% 1.2% 1.6% As of June 30 City and County of Butte-Silver Bow, Montana Full-time Equivalent Employees by Function Last Ten Fiscal Years 212 ---PAGE BREAK--- Exhibit XXV Function 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Police Physical arrests 2,096 2,389 2,594 1,641 2,065 1,837 1,080 2,414 2,346 2,976 Parking violations 4,468 4,330 7,043 13,102 14,480 12,527 13,886 15,288 20,695 14,769 Traffic violations 3,329 3,937 4,228 5,540 5,502 3,958 2,589 4,273 5,195 5,401 Fire Inspections 170 165 155 161 149 152 168 125 117 132 Highway and streets Street resurfacing (miles) 2.9 2.9 2.9 2.9 2.9 2.9 2.9 4.0 3.5 4 Potholes repaired 1,400 1,400 1,400 1,400 1,400 1,400 1,400 1,500 2300 2500 Sanitation Refuse collected (tons/day) 177.92 176.12 188.13 178.20 190.18 238.30 207.77 219.93 232.77 233.43 Recyclables collected (tons/day) 26.97 21.24 22.32 21.55 22.27 25.37 25.31 23.49 27.26 24.56 Water Connections 12,086 11,932 11,969 11,962 11,950 11,953 11,983 11,971 12,273 12,313 Water main breaks 327 305 247 261 228 240 258 200 268 284 Average daily consumption (thousands of gallons) 7,000 6,650 6,740 7,310 6,950 7,340 8,280 7,590 7,500 6,653 Wastewater Average daily sewage treatment (million of gallons/day) 4.39 4.09 3.75 3.33 3.19 3.19 3.17 3.60 3.56 3.21 Data Source: Various City/County departments City and County of Butte-Silver Bow, Montana Operating Indicators by Function/Program Last Ten Fiscal Years 213 ---PAGE BREAK--- Exhibit XXVI Function 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Public Safety Police: Stations 1 1 1 1 1 1 1 1 1 1 Patrol Units 23 25 25 25 25 23 24 24 25 25 Fire stations 11 11 11 11 11 11 11 11 11 11 Sanitation Collection trucks 6 6 6 6 6 7 8 8 10 10 Highways and streets Streets (miles) 710 710 710 710 715 715 715 715 715 715 Streetlights 3,195 3,197 3,200 3,230 3,234 3,241 3,258 3,311 3,326 3,327 Traffic signals 39 39 39 39 40 40 40 40 40 40 Culture and recreation Parks acreage 3,762 3,897 3,897 3,897 3,897 3,895 4,195 4,195 4,195 4,195 Parks 43 43 44 44 44 44 44 44 44 44 Swimming pools 1 1 1 1 1 1 - - - - Tennis courts 14 14 14 14 14 14 14 14 14 14 Community centers 1 1 1 1 1 1 1 1 1 1 Water Water mains (miles) 217 217 217 217 217 217 217 217 217 217 Fire hydrants 986 984 1,017 1,024 1,026 1,026 1,030 1,030 1,050 1,078 Maximum daily capacity (millions of gallons) 23 23 23 23 23 23 23 23 23 23 Sewer Sanitary sewers (miles) 201.20 201.60 202.00 202.40 202.80 203.20 203.60 203.60 203.60 203.60 Storm sewers (miles) 50.10 50.10 50.20 50.20 50.20 50.30 50.30 50.30 50.30 50.30 Maximum daily treatment capacity (million of gallons/day) 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 Data Source: Various City/County departments Fiscal Year Ended June 30, City and County of Butte-Silver Bow, Montana Capital Asset and Infastructure Statistics by Function/Program Last Ten Fiscal Years 214 ---PAGE BREAK--- Comprehensive Annual Financial Report and Audit City and County of Butte-Silver Bow, State of Montana For Fiscal Year Ended June 30, 2009 155 West Granite Street Butte, MT 59701 (406) 497-6320 Email:[EMAIL REDACTED] Prepared by: City and County of Butte-Silver Bow-Finance & Budget Department