Document Butte_doc_a9f016eeed

City and County Of Butte-Silver Bow, State of Montana Comprehensive Annual Financial Report For Fiscal Year Ended June 30, 2013 ---PAGE BREAK--- ---PAGE BREAK--- City and County of Butte-Silver Bow, State of Montana Comprehensive Annual Financial Report For Fiscal Year Ended June 30, 2013 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, 2013 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 13 Basic Financial Statements: Government-wide Financial Statements: Statement of Net 27 Statement of 28 Financial Statements: Balances Sheet - Governmental 30 Reconciliation of the Governmental Funds Balance Sheet to the Government-wide Statement of Net 31 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental 32 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Governmental-wide Statement of Activities…………...…………… 33 General Fund 34 ARCO Redevelopment Fund 36 Ramsay 37 Statement of Net Position - Proprietary 39 Statement of Revenues, Expenses and Changes in in Fund Net Position - Proprietary 41 Statement of Cash Flows - Proprietary 42 Statement of Fiduciary Net Position - Fiduciary 45 Statement of Changes in Fiduciary Net Position - Investment Trust 46 Notes to the Basic Financial 47 Combining and Individual Fund Statements and Schedules: Combining Balance Sheet - Nonmajor Governmental 85 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental 86 Combining Balance Sheet - Nonmajor Special Revenue 87 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue 93 Schedules of Revenues, Expenditures, and Changes in Fund Balances-Budget and Actual Combined Special Improvement 99 Divide 100 Melrose 101 SID #1025 Blacktail Loop 102 103 104 Noxious 105 Parking 106 iii ---PAGE BREAK--- Page District Court 107 Civic Center Bond 108 109 110 Public 111 Economic Development 1 Mill 112 Economic Development 113 114 115 Senior 116 Developmentally 117 Damages and 118 119 Comprehensive 120 Crime 121 Land 122 Junk 123 Arco Planning Grant Silver Bow Creek Greenway 124 Super Water Quality 125 126 Uptown 127 Reclamation 128 Urban Revitalization Agency Economic Development………………………………………… 129 Community 130 Hard Rock Mine Trust 131 Community Development Block Grant Projects 132 MT Pole Institutional 133 911 Emergency 134 Community Transportation Enhancement Program 135 Department of Natural Resource & Conservation 136 Local Law Enforcement Block 137 Clark Tailings Operations & Maintenance 138 PIT Watch ED 139 Arco Historic Preservation 140 East Butte 141 East Butte RRA Revolving Loan 142 County Land 143 Department of Justice 144 Montana Historical Preservation 145 Superfund Health Studies 146 ARCO Superfund Land Management/GIS 147 Anaconda-ARCO Community 148 ARCO Lead 149 Superfund Residential Metals 150 Natural Resource Damages Program Greenway Projects 151 East Butte RRA Revolving Loan 152 ARCO Superfund Stormwater Capital Improvement 153 MT Dept of Commerce NSP3 154 Combining Balance Sheet - Nonmajor Debt Service 155 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Debt Service 156 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Tax Increment Bond 157 SID Revolving 158 Civic Center Bond Issue 159 LEA Detention Center & Administration Project 160 Ladder Truck Bond 161 Archives 162 iv ---PAGE BREAK--- Page GO Bonds 163 ASiMi Bond 164 Combining Balance Sheet - Nonmajor Capital Projects 165 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Capital Projects 166 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Capital Improvements 167 Hard Rock Mine Capital Trust 168 Highway Abandonment 169 Emergency Operation 170 Archives Building Project 171 Civic Center Renovation 172 Junk Vehicle Capital 173 TIFID Electrical 174 Silver Lake Water Distribution System Improvements……………………………………… 175 Combining Statement of Net Position - Nonmajor Enterprise 176 Combining Statement of Revenues, Expenses and Changes in Fund Net Position Nonmajor Enterprise 177 Combining Statement of Cash Flows - Nonmajor Enterprise 178 Combining Statement of Cash Flows - Nonmajor Proprietary 179 Combining Statement of Net Position - Internal Services 181 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position - Internal Service 182 Combining Statement of Cash Flows - Internal Service 183 Combining Statement of Fiduciary Net Position Trust 186 Combining Statement of Changes in Fiduciary Net Position - Trust 187 Statement of Changes in Fiduciary Assets and Liabilities.……………………………………. 188 STATISTICAL SECTION 191 Government-wide Net Position by 192 Chart-Government-wide Net Position by 193 Changes in Net Position - Governmental 194 Changes in Net Position - Governmental Activities - Percentage of 195 Changes in Net Position - Business-type 196 Changes in Net Position - Business-type Activities - Percentage of 197 Changes in Net Position - 198 Tax Revenues by Source - Governmental 199 Chart-Tax Revenues by Source - Governmental 200 Fund Balances - Governmental 201 General Governmental Revenues by Source 203 General Governmental Expenditures by Function 204 General Governmental Current Expenditures by Function (Unaudited)…………………………… 205 Changes in Fund Balances - Governmental 206 Chart-Changes in Fund Balances - Governmental 207 Assessed Market 208 Direct and Overlapping Property Tax 209 Principal Property 210 Property Tax Levies and 211 Ratios of Total Debt Oustanding by 212 Ratio of General Bonded Debt 213 Governmental Activities Direct and Overlapping 214 Legal Debt 215 Schedule of Revenue Bond 216 Demographic and Economic 217 Top Twenty Private 218 Full-time Equivalent Employees by 219 Operating Indicators by 220 Capital Asset and Infastructure Statistics by Function/Program…………………………………… 221 v ---PAGE BREAK--- ---PAGE BREAK--- 1 January 24, 2014 To the Honorable Chief Executive, Members of the Council of Commissioners, and the Citizens of the City and County of Butte-Silver Bow: State law requires that all general-purpose local governments publish a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. Pursuant to that requirement, we hereby issue the comprehensive annual financial report of the Butte-Silver Bow Government for the fiscal year ended June 30, 2013. This report consists of management’s representations concerning the finances of the Butte-Silver Bow Government. Consequently, management assumes full responsibility for the completeness and reliability of all of the information presented in this report. To provide a reasonable basis for making these representations, management of the Butte-Silver Bow Government has established a comprehensive internal control framework that is designed both to protect the government’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the Butte-Silver Bow Government’s financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the Butte-Silver Bow Government’s comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material aspects. The Butte-Silver Bow Government’s financial statements have been audited by Newland & Co., a firm of licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of the Butte-Silver Bow Government for the fiscal year ended June 30, 2013, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unqualified opinion that the Butte-Silver Bow Government’s financial statements for the fiscal year ended June 30, 2013, are fairly presented in conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report. The independent audit of the financial statements of the Butte-Silver Bow Government was part of a broader, federally mandated “Single Audit” designed to meet the special needs of federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government’s internal controls and compliance with legal requirements, with special emphasis on internal controls Office of Finance and Budget Administration Butte-Silver Bow Courthouse Butte, Montana 59701 (406) 497-6320 ---PAGE BREAK--- 2 and legal requirements involving the administration of federal awards. These reports are available in the Butte-Silver Bow Government’s separately issued Single Audit Report. GAAP require that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement MD&A and should be read in conjunction with it. The Butte-Silver Bow Government’s MD&A can be found immediately following the report of the independent auditors. Profile of the Government The City-County of Butte-Silver Bow is located in southwestern Montana atop the Continental Divide at an elevation of 5,530 feet above sea level. Butte is the county seat of Silver Bow County, the smallest in area of Montana’s 56 counties. In 2010, it ranked eighth in total population and second in population density, with 48 persons per square mile. Butte-Silver Bow encompasses 718 square miles and has a population of 34,600 as estimated by the U.S. Bureau of the Census. Butte was incorporated on April 7, 1879. In November 1976, the voters of Silver Bow County inclusive of the voters of Butte, but excluding the Town of Walkerville, approved a new charter for a consolidated City-County form of government. The charter became effective May 2, 1977. It provides for a Chief Executive Officer and a twelve member Council of Commissioners. The Chief Executive is elected at large for a four-year term and is responsible for carrying out Council policies and administering the offices of the local government. One of the chief duties of the Chief Executive is to recommend the preliminary annual operating budget to the Council of Commissioners for their approval. In addition to the Chief Executive, the executive branch of Butte-Silver Bow is comprised of all other elected officials with the exception of the Council of Commissioners. Butte-Silver Bow is divided into twelve districts with one commissioner elected from each district for a four-year term. The terms of the commissioners are staggered with at least 6 commission seats elected every two years. The twelve commissioners constitute the Legislative Branch of Butte-Silver Bow. Basic services provided by Butte-Silver Bow include police and fire protection, water and metro sewer treatment and maintenance, solid waste disposal, building and code enforcement, zoning enforcement, construction and maintenance of roads and streets and other infrastructure, recreational activities, and cultural events. Water, sewer and solid waste services are provided through separate departments of the City-County and therefore are included as integral parts of the City-County’s financial statements. All departments of Butte-Silver Bow are required to submit a preliminary annual operating budget request to the Chief Executive by the end of March of each year. The Chief Executive recommends an Executive Budget to the Council by the first week in July and the Council adopts the preliminary operating budget by the middle of August. At that time, the Council also schedules a public hearing on the preliminary operating budget. Once initiated, the public hearing may be continued from day to day but must be concluded and the budget finally approved and adopted by resolution by the later of the first Thursday in August or within 30 calendar days of receiving certified taxable values from the State department of revenue. The appropriated budget is prepared by fund, function and department. Budgetary control is maintained with the encumbrance of approved estimated purchase amounts prior to release to vendors. All unexpended appropriations lapse at fiscal year end, however, encumbrances are generally re- ---PAGE BREAK--- 3 appropriated as part of the following year’s budget. The legal level of budgetary control (that is the level at which expenditures cannot legally exceed the appropriated amount) is the fund level. Budget-to-actual comparisons are provided in this report for each individual governmental fund for which an appropriation has been made. For the general fund and major special revenue funds, this comparison is presented on pages 34-37. For governmental funds other than the general fund and the major special revenue fund, this comparison is presented in the governmental fund subsection of this report, which starts on page 99. Factors Affecting Financial Condition The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the Butte-Silver Bow Government operates. Local economy The Butte-Silver Bow economy has historically been based on mining and mineral extraction and the industries spawned by these activities. However, the economy has diversified over the years and in the past few years has experienced some significant changes. In downtown Butte, Holiday Inn Express completed construction of a new motel complex just off Harrison Avenue behind the recently constructed Walgreens and AutoZone buildings. NorthWestern Energy, a leading energy delivery company, continues to play a vital role as a major employer with approximately 500 employees in the Butte area. Montana Resources (MR) operates a successful open pit copper and molybdenum mine in Butte. The mine currently employs over 300 people and has maintained a strong operation despite recent declines in the market for both copper and molybdenum. MR serves an international market for these metals. St. James Healthcare serves as a regional medical center for southwestern Montana and recently completed a multi-year, multi-million dollar renovation that transformed the hospital into a modern, state-of-the-art healthcare facility. With approximately 500 employees, St. James Healthcare continues to be one of the largest private employers in Butte-Silver Bow. The realty sector of the community reports the Butte real estate market is maintaining a strong and steady pace despite a marked weakness in the national market. Located on the Butte hill, Montana Tech has earned a reputation as one of the finest science, engineering, and technical colleges in the world. Students focus on education and research in minerals, energy engineering, natural science, the environment, technology, nursing, liberal studies, technical communication, and business-economic development. Placement rates for Tech graduates have averaged 97% for the past five years. Since it’s founding in 1900, Montana Tech has been a key pillar of the community. Butte-Silver Bow serves as the regional trade center for southwestern Montana and 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. ---PAGE BREAK--- 4 Long term financial planning The construction and maintenance of the community’s infrastructure and the provision of essential governmental services necessary to provide a favorable business environment are both short-term and long-term goals of the local government. Butte-Silver Bow also aggressively pursues economic development opportunities using a wide variety of tools and incentives making our community an attractive place in which to conduct business. In the past several years, the government has established several tax increment districts, both commercial and industrial to provide a financing vehicle to construct public infrastructure, beneficial for commercial and industrial projects. Butte-Silver Bow is continually in negotiations with prospective companies regarding potential operational sites in the community. In the Port of Montana Business Development District, BSB has partnered with the Montana Department of Transportation in a major project that involves the realignment of German Gulch Road and a bridge replacement. The District is also in the early phases of implementing an enhanced marketing plan. In uptown Butte, the URA (Urban Revitalization Agency) has partnered with several businesses to enhance and renovate historic buildings through a combination of grants and loans. A major renovation project was recently completed at the Hirbour Tower. After a successful ground breaking, the construction of a two million dollar neighborhood center in Emma Park is currently underway. NorthWestern Energy Company has announced it will be constructing a twenty three million dollar office building in the heart of uptown Butte. As the current URA district sunsets, plans are underway to create a new URA to be established in 2014. The initial project in the newly formed URA District will be a six million dollar public parking structure for the uptown area. The East Butte Renovation and Rehabilitation Agency (RRA) experienced yet another year of sustained growth. A local brewery continues construction on a new facility that also includes professional office space. Additional buildings were granted funds for infrastructure rehabilitation. Maintenance and expansion of the community’s general infrastructure also remains a significant focal point for the government. Major projects are accomplished on a continual basis to upgrade and improve the community’s water system and sanitary and storm sewer systems. Cash management policies and practices Cash temporarily idle during the year was invested in time deposits ranging from 30 to 180 days to maturity, overnight repurchase agreements, obligations of the US Treasury, and the State of Montana’s local government investment pool. All investments are required to meet the 50% collateral rule provided by Montana law. The maturities of the investments generally range from 30 days or less to 5 years. Interest earnings for 2013 were $112,087 and the average yield on the majority of investments for the fiscal year was .25%. Investment income includes the fair value of investments. ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- 7 ---PAGE BREAK--- City and County of Butte-Silver Bow City and County Officials June 30, 2013 Title Name Chief Executive Matt Vincent Council of Commissioners Council Chair-District No.11 Cindi Shaw Council Member-District No. 1 Mark Moodry Council Member-District No. 2 Sheryl Ralph Council Member-District No.3 John P. Morgan Council Member-District No.4 John Sorich Council Member-District No.5 Dennis Henderson Council Member-District No.6 Jim Fisher Council Member-District No.7 Bud Walker Council Member-District No.8 Brendan McDonough Council Member-District No.9 Dan Foley Council Member-District No.10 Bill Andersen Council Member-District No.12 Dave Palmer Department Staff Finance & Budget Director Jeff Amerman Human Resource Director Lindsey Moe Planning Director/Superfund Coord. Jon Sesso Civic Center Manager Bill Melvin Fire Coordinator Jeffery Miller Public Works Director Dan Dennehy Health Director (Interim) Dan Powers URA/Community Develop. Director Karen Byrnes Management Information Director Linda Sajor-Joyce Elected Officials County Attorney Eileen Joyce Treasurer Patrick Callaghan Sheriff Ed Lester 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--- ---PAGE BREAK--- ---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, 2013 13 MANAGEMENT’S DISCUSSION AND ANALYSIS Within this section of the City and County of Butte-Silver Bow, Montana’s (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, 2013. 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 $219,677,375 (net position) for the fiscal year reported. • Total net position are comprised of the following: Net investment in capital assets is $143,488,487, 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 position of $59,000,127 is restricted by constraints imposed from outside the City and County such as debt covenants, grantors, laws, or regulations. Unrestricted net position of $17,188,761 represents 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 $65,354,341 this year. This compares to the prior year ending fund balance of $55,207,333 showing an increase of $10,147,008 during the current fiscal year. Total net unassigned fund balance of $4,015,204 at June 30, 2013 shows a $30,828 increase from the prior year. • At the end of the current fiscal year, unassigned fund balance for the general fund was $5,533,497, or 22.12% of total general fund expenditures in fiscal year 2013. The percentage at June 30, 2012 was 19.4%, for a modest 2.7% increase. • 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 Position. 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 position. Over time, increases or decreases in net position 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, 2013 14 The second government-wide statement is the Statement of Activities, which reports how the City and County’s net position 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 27 & 28 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 two major special revenue funds, the Ramsey TIFID Fund and the ARCO Redevelopment Fund. The basic governmental fund financial statements are presented on pages 28-31of this report. Individual fund information for nonmajor governmental funds is found in combining statements in a later section of 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, 2013 15 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 39-43 of this report. Fiduciary funds are classified as Agency Funds and Investment Trust Funds. These funds are reported on pages 45-46 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 47 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 77. (This page continued on the subsequent page) ---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, 2013 16 Financial Analysis of the City and County as a Whole The City and County’s net position at fiscal year-end are $219,810,033. The following table provides a summary of the City and County’s net position comparing June 30, 2013 with June 30, 2012: 2013 2012 2013 2012 2013 2012 2013 2012 Assets: Current assets 71,408 $ 62,232 $ 12,466 $ 14,766 $ 83,874 $ 76,998 $ 31% 30% Non-current assets 96,831 93,043 89,001 86,126 185,832 179,169 69% 70% Total assets 168,239 155,275 101,467 100,892 269,706 256,167 100% 100% Liabilities: Current liabilities 8,909 10,156 4,258 4,611 13,167 14,767 26% 28% Long-term liabilities 32,148 33,890 4,713 4,957 36,861 38,847 74% 72% Total liabilities 41,057 44,046 8,971 9,568 50,028 53,614 100% 100% Net position: Net investment in capital assets 63,076 57,219 80,412 75,369 143,488 132,588 65% 65% Restricted 56,914 50,345 2,087 1,751 59,001 52,096 27% 26% Unrestricted 7,192 3,665 9,997 14,203 17,189 17,868 8% 9% Total net position 127,182 $ 111,229 $ 92,496 $ 91,323 $ 219,678 $ 202,552 $ 100% 100% Summary of Net Position (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 8 to 1 (as compared to 6.1 to 1 at June 30, 2012) and 2.7 to 1 (as compared to 3.3 to 1 at June 30, 2012) for business type activities. For the City and County overall, the current ratio is 6.3 to 1 (as compared to 5.3 to 1 at June 30, 2012). 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 position for both governmental and business-type activities. Net position for governmental activities increased $15,953,132 in this fiscal year as compared to a $9,559,169 increase in fiscal year 2012. Net position increased $1,172,168 in fiscal year 2013 as compared to an increase of $9,703,969 for business-type activities in fiscal year 2012. The City and County's overall financial position improved during fiscal year 2013 by $17,125,300. Note that approximately 50.1% of the governmental activities’ total assets are tied up in capital as compared to 51.4% at June 30, 2012. 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 74.9% of its total assets and 86.9% of its total net position 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 position: ---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, 2013 17 The following chart reports the total net position balances from fiscal year 2004 - 2013. $82,863,923 $89,092,644 $99,138,998 $147,841,932 $155,541,003 $162,538,854 $170,570,314 $100,000,000 $150,000,000 $200,000,000 $250,000,000 Total Net Position Note that over the last ten years, total net position continues 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) ---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, 2013 18 The following table presents the details of the changes in net position for fiscal years 2013 and 2012. 2013 2012 2013 2012 2013 2012 Revenues: Program: Charges for services & fines 7,401 $ 7,138 $ 15,869 $ 15,997 $ 23,270 $ 23,135 $ Operating grants 28,282 17,847 - - 28,282 17,847 Capital grants 3,124 4,182 1,263 8,329 4,387 12,511 General: Taxes 31,678 28,821 - - 31,678 28,821 Investment earnings 236 342 36 39 272 381 Other 1,482 961 482 752 1,964 1,713 Total revenues 72,203 59,291 17,650 25,117 89,853 84,408 Program expenses: General government 16,309 12,902 - - 16,309 12,902 Public safety 15,849 14,977 - - 15,849 14,977 Public works 8,602 7,346 - - 8,602 7,346 Public health 3,378 4,103 - - 3,378 4,103 Social and economic services 270 268 - - 270 268 Culture and recreation 3,729 3,481 - - 3,729 3,481 Housing and community development 7,116 5,299 - - 7,116 5,299 Interest 1,243 1,602 - - 1,243 1,602 Water Utility Division - - 8,607 7,894 8,607 7,894 Metro Sewer Operations - - 3,979 3,854 3,979 3,854 Solid Waste - - 2,511 2,353 2,511 2,353 Other enterprise activities - - 1,134 1,066 1,134 1,066 Total expenses 56,496 49,978 16,231 15,167 72,727 65,145 Excess (deficiency) 15,707 9,313 1,419 9,950 17,126 19,263 Transfers 246 246 (246) (246) - - Change in net position 15,953 9,559 1,173 9,704 17,126 19,263 Beginning net position 111,229 101,670 91,323 81,619 202,552 183,289 Ending net position 127,182 $ 111,229 $ 92,496 $ 91,323 $ 219,678 $ 202,552 $ Summary of Changes in Net Position (in Thousands) Governmental Activities Business-type Activities Total GOVERNMENTAL REVENUES The City and County is heavily reliant on property taxes to support governmental operations. Property taxes equal 42.4% of the revenues for governmental activities, as compared to 46.9% in fiscal year 2012. Property taxes increased $2,825,115 or 10.2% predominantly related to an increase in the mill value. This increase was to fund higher appropriations and to stabilize reserve amounts that had been depleted in prior years. ---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, 2013 19 Operating grant revenue for general government includes an ARCO Redevelopment fund contribution of $9.375 million (see discussion below). The City and County recognized Capital grants for public works included $3.1 million from ARCO superfund remediation funds utilized for storm water structure construction and remediation. Because of the City and County’s healthy financial position, we have been able to earn $235,723 in investment earnings to support governmental activities. Also, note that program revenues cover 68.7% of governmental operating expenses as compared to 58.4% in fiscal year 2012. The capital grant of $3.1 million distorts these percentages as the costs related to this grant are capitalized. These are extremely high percentages. This means that the government’s taxpayers and the City and County’s other general revenues fund only 31% of the governmental activities in fiscal year 2013. GOVERNMENTAL FUNCTIONAL EXPENSES Public safety costs comprise 28.1% of the total governmental expenses, as compared to 30.2% in fiscal year 2012. These public safety costs increased 5.8% or by $871,185 at the government-wide financial reporting level. General government expenses makes up 26.4% of the total governmental expenses, as compared to 26% in fiscal year 2012. Public works is the third largest costly function, totaling over $8.6 million or 15.2% of total expenses, as compared to 14.8% in fiscal year 2012. The following table presents the cost of each of the City and County’s functions, 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 16,309,194 $ (10,669,527) $ 12,901,775 $ (584,344) $ Public safety 15,848,869 13,863,262 14,977,684 11,909,698 Public works 8,601,763 2,591,857 7,345,814 (373,409) Public health 3,378,195 416,578 4,102,699 1,457,858 Social and economic services 269,670 233,290 267,919 217,335 Culture and recreation 3,729,018 3,274,899 3,481,491 2,345,120 Housing and community development 7,116,256 6,736,454 5,299,101 4,236,981 Interest 1,242,890 1,242,890 1,602,014 1,602,014 Total 56,495,855 $ 17,689,703 $ 49,978,498 $ 20,811,254 $ Governmental Activities Fiscal Year 2013 Fiscal Year 2012 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 78.4% of the total amount as compared to 58.2% in fiscal year 2012. The change relates to the operating contribution of $9.4 million in the ARCO redevelopment fund. ---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, 2013 20 BUSINESS-TYPE ACTIVITIES In total, the enterprise funds reported a $1,172,168 increase in net position as compared to $9,703,969 in fiscal year 2012. This year the City and County reported a total operating loss of $28,641 as compared to an operating gain of $1,776,592 in fiscal year 2012. Operating revenues are down $693,255 below fiscal year 2012 or 4.1%. Operating expenses were $1,111,978 more than fiscal year 2012, or 7.4%. The explanations for these changes are highlighted in the proprietary fund section below. 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 $65,221,683. Of this year-end total, $4,015,204 is unassigned indicating availability for continuing City and County service requirements. Legally restricted fund balances include $17.6 million for economic development and $15.0 million for community development. Also $3.7 million is committed to economic development. The total ending fund balances of governmental funds show an increase of $10,014,350 or 18.1% over the prior year. A large portion of this increase relates to the ARCO redevelopment fund or $9,388,768 offset by a general fund deficiency of $71,242. 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 $71,242 or just 1.2%. In fiscal year 2012, the fund balance decreased by $181,900. The general fund’s ending unassigned fund balance of $5,533,497 is considered adequate, representing the equivalent of 22.1% of annual expenditures. This percentage compares to 19.4% at June 30, 2012. Maintaining an unassigned 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 $2,279,842 or 10% above fiscal year 2012. In fiscal year 2012, total revenues increased Real property tax revenues increased $1,472,281 or 13.3% above the prior year. This increase relates to an increase in the mill value. Fines and forfeitures increased $20,757 or 4.8% due to increased fine collections. Charges for services increased $371,161 or 7.3% over fiscal year 2013. The Board of Prisons funds were up significantly or $367,000. This is due to the City and County housing state and federal prisoners in our detention facility and receiving a per day rate reimbursement. Intergovernmental revenues increased $250,160 or 4.8%. Most other general fund revenues were comparable to fiscal year 2012 amounts. The expenditures side reports an increase of $1,906,999 or 8.3% over the prior year. Last year the expenditures increased $721,851 or 3.2% over the June 30, 2012 amounts. General government expenditures increased $1,292,886 or 13.5%, primarily due to increased health care costs. Public safety expenditures increased $326,664 or 3.5%. The majority of this increase relates to a cost of living increase and the addition of a firefighter and an administrative assistant in fire services. Most other functional expenditures were similar to those amounts reported in fiscal year 2012. ---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, 2013 21 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 (besides 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. The revenues consist primarily of property taxes totaling $6,950,411. Property taxes were $99,431 or 4.4% below those of fiscal year 2012. This is due to the depreciation of taxable properties combined with a reduced tax rate as approved by the Montana Legislature. Before transfers out, this fund incurred expenditures of $4,357,978. The majority of these expenditures relate to: • A tax increment payment back to the taxing jurisdictions million) • TIFID contribution toward German Gulch Road rehabilitation project ($1.8 million) • Grants ($300,000) This fund transferred $2 million to the ASiMI bond fund to retire related revenue bonds. The fund balance in this fund increased $35,458. The ending fund balance in this fund totals $15,461,590. ARCO Redevelopment Fund – The revenue in this fund includes $9,375,000. As part of the Superfund Agreement with ARCO [now British Petroleum a $15 million allocation was to be paid to the City and County under the following timeline: $5 million upon signing the settlement agreement and $10 million plus interest upon completion of the consent decree (CD). The settlement agreement was modified in August 2013 to allow for payment of the 2nd $5 million plus interest of $4.375 million. At June 30, 2013, this fund reports fund balance of $14,880,163. 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 2013 increased $473,988 or 6.2% over the prior fiscal year. This increase is a result of a 10% increase in water rates October 1, 2012. Operating expenses were $738,928 or 9.6% more than fiscal year 2012. Personal services increased $228,858 or 9% over the prior year since the amount of labor costs that were capitalized were less this fiscal year. Depreciation expense increased $521,432 or 17.3% over fiscal year 2012 because of the significant amount capitalized from construction in progress. The operating loss for this fund is $316,901 as compared $51,961 in fiscal year 2012. This fund reported intergovernmental revenue of $1.2 million, which 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. The projects included a transmission line replacement ($1.1 million) and distribution line replacement ($100,000). The unrestricted net position of this fund decreased $1,573,870 from the June 30, 2012 amount. The June 30, 2013 amount is now a deficit of $168,075. ---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, 2013 22 Metro Sewer Operations – Operating revenues decreased $143,541 or 10.2% from the fiscal year 2012. The 2013 operating revenues were $4,707,014. This decrease relates to an energy rebate recognized in fiscal year 2012 that was not duplicated in this fiscal year. Operating expenses were $3,978,771 or $147,088 or 3.8% over the fiscal year 2012 amount. In addition, because of investment earnings, operating grants and a $300,000 debt forgiven, the fund reported a total increase in net position of $1,105,141 before transfers out of $150,000. At June 30, 2013, this fund reported $16,657,725 in net position. Solid Waste Program – The operating revenue in fiscal year 2013 was down $74,654 over the prior fiscal year. Operating expenses were up $157,935 or 6.7% above the fiscal year 2012 amount. Personal services increased $49,560 or 8.2% resulting from the addition of a labor position. Operating and maintenance expenses increased $107,659 due to an $82,000 increase in the waste collection contract. As a result, an operating loss of $287,306 is recognized. Total net position decreased $330,011 from fiscal year 2012. General Fund Budgetary Highlights The total revenue budget was amended upward by $56,166 and the total expenditure appropriation was amended upward by $662,666 or 2.5%. This increase was primarily related to significantly increased expenditures in the health insurance fund. In total, revenues realized were $815,083 over projected revenues. A large portion of this increase was due to the disbursement of increment funds in the Ramsey TIFID. Real property taxes were $487,720 below the final budget amount and personal property and motor vehicle taxes were $132,090 over the budget. This variance relates to uncollected property taxes. Intergovernmental revenue was $323,153 below the final budget. This shortage primary relates to lesser on-behalf payments for pension costs. In addition, a budgeted DES grant did not materialize ($78,177) and a COPS grant ended ($64,298). The charges for services amount were $351,145 above the final budget. Health insurance premiums were $423,277 over budget because of significant claims occurring during year-end. Miscellaneous revenue exceeded the final budget by $640,649 because of the Ramsey distribution discussed above. On the expenditure side, only 92.4% of the budget was expended. The general government function was $443,676 or 3.9% were below the appropriation. This difference relates to conservative budgeting and stringent cost controls. Public safety costs were $929,592 or 8.8% below the final appropriation. This variance relates to two unfilled positions and conservative budgeting. Culture and recreation were $294,963 or 11.7% below the budget. Several budgeted positions were vacant for the balance of the year. Capital Assets and Debt Administration Capital Assets The City and County's net investment in capital assets for governmental and business-type activities as of June 30, 2013, was $96,286,860 and $85,854,278 respectively. The net investment in the governmental activities increased by approximately $3.7 million and the business-type activities increased approximately $2.6 million as compared to the June 30, 2012 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) ---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, 2013 23 The following table provides a summary of capital assets at June 30, 2013 and 2012. 2013 2012 2013 2012 2013 2012 Non-depreciable assets: Land 4,195,170 $ 4,195,170 $ 1,299,935 $ 1,299,935 $ 5,495,105 $ 5,495,105 $ Construction in progress 2,653,547 4,849,955 3,696,268 6,965,370 6,349,815 11,815,325 Total non-depreciable 6,848,717 9,045,125 4,996,203 8,265,305 11,844,920 17,310,430 Depreciable assets: Buildings 35,639,917 35,612,762 31,977,686 31,977,686 67,617,603 67,590,448 Improvements other than buildings 12,588,866 11,017,208 98,866,895 88,221,030 111,455,761 99,238,238 Machinery and equipment 21,619,782 20,643,441 10,293,945 10,056,847 31,913,727 30,700,288 Infrastructure 80,469,085 72,154,423 - - 80,469,085 72,154,423 Total depreciable assets 150,317,650 139,427,834 141,138,526 130,255,563 291,456,176 269,683,397 Less accumulated depreciation 60,879,507 55,857,013 60,280,451 55,263,544 121,159,958 111,120,557 Book value - depreciable assets 89,438,143 83,570,821 80,858,075 74,992,019 170,296,218 158,562,840 Percentage depreciated 41% 40% 43% 42% 42% 41% Total capital assets net 96,286,860 $ 92,615,946 $ 85,854,278 $ 83,257,324 $ 182,141,138 $ 175,873,270 $ Governmental Activities Business Activities Total Capital Assets At June 30, 2013, the depreciable capital assets for governmental activities were 41% depreciated. This amount is about the same as the June 30, 2012 percentage. With the City and County’s business type activities, 43% of the asset values were depreciated at June 30, 2013 compared to 42% at June 30, 2012. In both instances, the minimal change in the percentage depreciated is a positive indicator. The construction in progress amount for governmental activities includes: • New crusher for road department ($636,000) • New rescue unit for fire department ($176,000) • German Gulch road rehabilitation project $1.8 million) The major increase in the governmental activities capital asset costs relate to: • $3.5 million – TIFID Waste Water Transmission Line • $1.1 million – TIFID Electrical Upgrade Project • $2.0 million – Storm Water Upgrades • $700,000 – Storm Water HDD Project • $1.0 million – Greenway Project • $645,000 – Fish Pond Project ---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, 2013 24 The major increase in the business-type activities capital assets includes: • Construction in progress – the major project is the big hole transmission line project year 5 ($1.6 million), Basin Creek water treatment plant ($314,000) and big hole water treatment plant ($1.6 million) • Improvements other than buildings - big hole transmission line project year 4 ($3.9 million), water distribution line year 10 ($2.8 million), metro plant upgrade ($2.3 million), sanitary sewer master plan ($265,000) and metro CIPP project ($433,000). Long-term Debt At the end of the fiscal year, the City and County had total long-term debt outstanding of $42,792,177. Of this amount, $17,398,775 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 $15,510,000 supported by tax increment financing. The following schedule includes the June 30, 2013 and 2012 outstanding long-term debt. Outstanding Borrowings % Change 2013 2012 2013 2012 2013 2012 General obligation bonds 16,155,668 $ 17,394,868 $ - $ - $ 16,155,668 $ 17,394,868 $ -7.1% Tax increment debt 15,510,000 16,830,000 - - 15,510,000 16,830,000 -7.8% Revenue bonds - - 5,442,691 6,688,366 5,442,691 6,688,366 -18.6% General obligation notes 1,243,107 634,109 - - 1,243,107 634,109 96.0% SID bonds 55,000 105,000 - - 55,000 105,000 -47.6% Capital leases 246,817 284,489 - - 246,817 284,489 -13.2% Post closure - - 321,940 292,959 321,940 292,959 9.9% Compensated absences 3,145,469 3,229,529 670,485 685,031 3,815,954 3,914,560 -2.5% Total 36,356,061 $ 38,477,995 $ 6,435,116 $ 7,666,356 $ 42,791,177 $ 46,144,351 $ -7.3% Totals Governmental Activities Business-type Activities 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 had little impact on 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 fluctuations 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. ---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, 2013 25 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. ---PAGE BREAK--- Basic Financial Statements 26 ---PAGE BREAK--- Statement of Net Position Primary Government Component Unit Governmental Business-Type Port of Montana Activities Activities Total Port Authority Assets Current Assets Cash and cash equivalents (Note 3A) 39,351,701 $ 3,086,595 $ 42,438,296 $ 2,525,465 $ Investments 20,630,260 4,782,739 25,412,999 - Receivables (Note 3B): Accounts 3,082,227 2,761,055 5,843,282 137,680 Property taxes 2,680,007 - 2,680,007 17,369 Special assessments 463,845 1,143,945 1,607,790 - Notes 4,982,918 - 4,982,918 - Interfund (354,630) 354,630 - - Primary government - - - 49,650 Inventory (Note 1-E-4) - 6,732 6,732 654 Prepaid items (Note I-E-5) - 9,767 9,767 12,165 Restricted assets (Note 1-E-6) 571,813 320,584 892,397 - Total Current Assets 71,408,141 12,466,047 83,874,188 2,742,983 Non-Current Assets Restricted investments - 3,137,102 3,137,102 - Capital assets (Note 3C) Nondepreciable 6,848,717 4,996,203 11,844,920 353,252 Depreciable, net 89,438,143 80,858,706 170,296,849 4,955,974 Other assets - deferred bond issuance costs 544,090 8,815 552,905 - Total Non-Current Assets 96,830,950 89,000,826 185,831,777 5,309,226 Total Assets 168,239,091 101,466,873 269,705,964 8,052,209 Liabilities Current Liabilities Vouchers payable 1,952,992 1,782,243 3,735,235 - Accounts payable 342,656 - 342,656 36,359 Accrued wages and benefits payable 543,390 136,171 679,561 58,169 Performance bonds payable 285,331 - 285,331 - Accrued interest payable 615,008 16,001 631,009 14,177 Unearned revenue 76,963 438,653 515,616 7,308 Revenue bonds payable - 2,394,387 2,394,387 25,000 Closure and postclosure care payable - 8,048 8,048 - Compensated absences payable 1,349,855 67,049 1,416,904 46,536 Claims payable 884,732 - 884,732 - General obligation bonds payable 1,185,214 - 1,185,214 - General obligation notes payable 243,660 - 243,660 - Tax increment bonds payable 1,340,000 - 1,340,000 - Special improvement districts bonds payable 55,000 - 55,000 - Capital leases payable 39,714 - 39,714 - Total Current Liabilities 8,914,515 4,842,552 13,757,067 187,549 Long-Term Liabilities (net of current portion): Customer deposits - 137,471 137,471 - Accrued interest payable - customer deposits - 25,802 25,802 - Closure and postclosure care payable - 313,892 313,892 - Revenue bonds payable - 3,048,303 3,048,303 677,837 Compensated absences payable 1,795,614 603,437 2,399,051 39,953 General obligation bonds payable 14,970,454 - 14,970,454 - General obligation notes payable 999,447 - 999,447 - Tax increment bonds payable 14,170,000 - 14,170,000 - Capital leases payable 207,103 - 207,103 - Total Long-Term Liabilities 32,142,618 4,128,904 36,271,522 717,790 Total Liabilities 41,057,133 8,971,456 50,028,589 905,339 Net Position Net investment in capital assets (Note 3J) 63,076,268 80,412,219 143,488,487 4,606,389 Restricted for: General government 3,399,725 3,399,725 Public safety 1,197,535 1,197,535 Public Works 19,673,536 19,673,536 Social and economic services 33,085 33,085 Cultural and recreation 450,798 450,798 Housing and community development 19,376,536 19,376,536 Economic development - ceased mining operations 6,714,399 6,714,399 Debt service - bond restrictions 2,582,468 2,086,667 4,669,135 96,068 Capital Projects 2,928,500 2,928,500 Self funded health insurance 473,554 473,554 Code enforcement 83,324 83,324 Unrestricted 7,192,230 9,996,531 17,188,761 2,444,413 Total Net Position 127,181,958 $ 92,495,417 $ 219,677,375 $ 7,146,870 $ City and County of Butte-Silver Bow, Montana June 30, 2013 See accompanying notes to the basic financial statements 27 ---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 16,309,194 $ 6,455,214 $ 20,523,507 $ - $ 10,669,527 $ - $ 10,669,527 $ - $ Public safety 15,848,869 30,879 1,954,728 - (13,863,262) - (13,863,262) - Public works 8,601,763 363,144 2,523,010 3,123,752 (2,591,857) - (2,591,857) - Public health 3,378,195 209,218 2,752,399 - (416,578) - (416,578) - Social and economic services 269,670 - 36,380 - (233,290) - (233,290) - Cultural and recreation 3,729,018 342,049 112,070 - (3,274,899) - (3,274,899) - Housing and community development 7,116,256 - 379,802 - (6,736,454) - (6,736,454) - Interest 1,242,890 - - - (1,242,890) - (1,242,890) - Total Governmental Activities 56,495,855 7,400,504 28,281,896 3,123,752 (17,689,703) - (17,689,703) - Business-Type Activities: Community facilties 61,072 - - - - (61,072) (61,072) - Home health 444,272 365,080 - - - (79,192) (79,192) - Small business incubator 132,124 90,194 - - - (41,930) (41,930) - Water utility division 8,607,362 8,098,141 1,682 1,192,322 - 684,783 684,783 - Metro sewer operations 3,978,771 4,705,056 1,331 67,280 - 794,896 794,896 - Solid waste 2,510,707 2,189,640 402 - - (320,665) (320,665) - Storm water system project 140,020 328,017 - - - 187,997 187,997 Silver lake water system 263,678 92,808 - - - (170,870) (170,870) - MR infrastructure project 92,681 - - - - (92,681) (92,681) - Total Business-Type Activities 16,230,687 15,868,936 3,415 1,259,602 - 901,266 901,266 - Total - Primary Government 72,726,542 $ 23,269,440 $ 28,285,311 $ 4,383,354 $ (17,689,703) 901,266 (16,788,437) - Component Units Port of Montana Port Authority 1,228,318 $ 1,183,255 $ - $ 314,554 $ - - - 269,491 General Revenues Property taxes levied for general purposes 30,637,108 - 30,637,108 208,083 Franchise taxes 398,075 - 398,075 Motor fuel taxes 643,614 - 643,614 Investment earnings 235,723 35,654 271,377 (31,774) Miscellaneous 1,482,050 481,513 1,963,563 7,500 Transfers 246,265 (246,265) - - Total General Revenues and Transfers 33,642,835 270,902 33,913,737 183,809 Change in Net Position 15,953,132 1,172,168 17,125,300 453,300 Net Position Beginning of Year 111,228,826 91,323,249 202,552,075 6,693,570 Net Position End of Year 127,181,958 $ 92,495,417 $ 219,677,375 $ 7,146,870 $ Net (Expense) Revenue and Changes in Net Position City and County of Butte-Silver Bow, Montana Statement of Activities For the Fiscal Year Ended June 30, 2013 See accompanying notes to the basic financial statements 28 ---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. ARCO Redevelopment Fund The ARCO Redevelopment Fund is financed through a superfund settlement agreement between the City and County British Petroleum (BP), formally known as Atlantic Richfield Company (ARCO). 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. 29 ---PAGE BREAK--- ARCO Other Total Ramsay Redevelopment Governmental Governmental General TIFID Fund Funds Funds Assets Cash and cash equivalents 3,963,677 $ 7,242,315 $ 9,375,000 $ 18,545,404 $ 39,126,396 $ Investments 1,247,954 8,090,495 5,505,163 5,786,648 20,630,260 Restricted assets - - - 571,813 571,813 Receivables: Accounts 422,975 - - 2,648,610 3,071,585 Property taxes 920,361 - - 1,759,646 2,680,007 Special assessments - 194 - 463,651 463,845 Loans - - - 4,982,918 4,982,918 Interfund 1,527,651 - - 1,290,000 2,817,651 Total Assets 8,082,618 $ 15,333,004 $ 14,880,163 $ 36,048,690 $ 74,344,475 $ Liabilities and Fund Balances Liabilities Vouchers payable 412,950 $ 1,924 $ - $ 1,347,048 $ 1,761,922 $ Accounts payable 26,529 - - 316,127 342,656 Accrued salaries and benefits 290,556 2,254 - 228,663 521,473 Performance bonds payable 272,884 - - 12,447 285,331 Interfund payable - - - 2,998,595 2,998,595 Deferred revenue 989,324 194 - 2,223,297 3,212,815 Total Liabilities 1,992,243 4,372 - 7,126,177 9,122,792 Fund Balances Restricted 556,878 15,328,632 14,880,163 26,147,787 56,913,460 Assigned - - - 4,293,019 4,293,019 Unassigned 5,533,497 - - (1,518,293) 4,015,204 Total Fund Balances 6,090,375 15,328,632 14,880,163 28,922,513 65,221,683 Total Liabilities and Fund Balances 8,082,618 $ 15,333,004 $ 14,880,163 $ 36,048,690 $ 74,344,475 $ See accompanying notes to the basic financial statements Balance Sheet City and County of Butte-Silver Bow, Montana June 30, 2013 Governmental Funds 30 ---PAGE BREAK--- The Government-wide Statement of Net Position Total Governmental Fund Balances 65,221,683 $ Amounts reported for governmental activities in the government-wide statement of net position 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 151,656,354 $ Less accumulated depreciation (56,668,801) 94,987,553 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. 3,135,852 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 position. 970,890 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 position. Interfund receivables (2,817,651) $ Interfund payables 2,817,651 - 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 position. Exclusive of internal service funds' long-term debt. Long-term debt (33,210,592) $ Compensated absences (2,967,778) Claims (884,732) Accrued interest on long-term debt (615,008) (37,678,110) Bond issuance costs are reported as expenditures in the governmental fund financial statements but capitalized on the government-wide statement of net position. 544,090 Net Position of Governmental Activities 127,181,958 $ See accompanying notes to the basic financial statements 127,181,958 $ City and County of Butte-Silver Bow, Montana Reconciliation of the Governmental Funds Balance Sheet to June 30, 2013 31 ---PAGE BREAK--- ARCO Other Total Ramsay Redevelopment Governmental Governmental General TIFID Fund Funds Funds Revenues Property taxes 12,506,332 $ 6,935,182 $ - $ 11,230,358 $ 30,671,872 $ Special assessments - - - 1,318,172 1,318,172 Licenses and permits 923,446 - - - 923,446 Intergovernmental 4,934,788 38,936 - 10,947,547 15,921,271 Charges for services 5,421,966 - - 918,533 6,340,499 Fines and forfeitures 451,820 - - 82,814 534,634 Private grants and donations 82,036 - 9,375,000 4,561,636 14,018,672 Investment earnings 9,447 20,234 13,768 192,274 235,723 Rent 37,758 - - 19,640 57,398 Miscellaneous 717,375 2,000 - 699,913 1,419,288 Total Revenues 25,084,968 6,996,352 9,388,768 29,970,887 71,440,975 Expenditures Current: General government 10,898,782 - - 4,599,687 15,498,469 Public safety 9,657,796 - - 5,294,683 14,952,479 Public works 502,489 - - 6,672,796 7,175,285 Public health 1,261,207 - - 2,103,996 3,365,203 Social and economic services 111,824 - - 155,845 267,669 Cultural and recreation 2,231,079 - - 1,064,813 3,295,892 Housing and community development - 2,565,664 - 2,346,374 4,912,038 Capital Outlay 303,269 1,792,314 - 6,816,016 8,911,599 Debt Service: Principal 37,672 - - 2,775,510 2,813,182 Interest 14,723 - - 1,265,645 1,280,368 Total Expenditures 25,018,841 4,357,978 - 33,095,365 62,472,184 Excess (Deficiency) of Revenues Over (Under) Expenditures 66,127 2,638,374 9,388,768 (3,124,478) 8,968,791 Other Financing Sources (Uses) Issuance of general obligation notes - - - 799,294 799,294 Transfers in 480,086 - - 5,174,467 5,654,553 Transfers out (617,455) (2,735,574) - (2,055,259) (5,408,288) Total Other Financing Sources (Uses) (137,369) (2,735,574) - 3,918,502 1,045,559 Net Change in Fund Balances (71,242) (97,200) 9,388,768 794,024 10,014,350 Fund Balances Beginning of Year 6,161,617 15,425,832 5,491,395 28,128,489 55,207,333 Fund Balances End of Year 6,090,375 $ 15,328,632 $ 14,880,163 $ 28,922,513 $ 65,221,683 $ 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, 2013 32 ---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: 10,014,350 $ 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 (5,073,050) $ Capital outlay 8,951,162 3,878,112 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 @ 6/30/12 (2,380,485) $ Balance @ 6/30/13 3,135,852 755,367 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 position. (799,294) 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 position. 2,813,182 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 @ 6/30/12 660,135 $ Balance @ 6/30/13 (615,008) 45,127 Compensated absences and comp time 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 @ 6/30/12 3,070,102 $ Balance @ 6/30/13 (2,967,778) 102,324 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 @ 6/30/12 477,423 $ Balance @ 6/30/13 (884,732) (407,309) Amortization of debt issuance costs, deferred bond refunding and debt premiums are not reported at the fund level but are reported in the government wide statement of activities. (7,649) 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. (441,078) Transfers between governmental funds are reported on the governmental fund operating statement but are eliminated on the government-wide statement of net position. Transfers in (5,408,287) $ Transfers out 5,408,287 - Change In Net Position Of Governmental Activities 15,953,132 $ See accompanying notes to the basic financial statements For the Fiscal Year Ended June 30, 2013 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 33 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues: Taxes: Real property 11,580,994 $ 11,580,994 $ 11,093,274 $ (487,720) $ Personal property - - 195,624 195,624 Motor vehicle 1,250,000 1,250,000 1,186,466 (63,534) Tax title and property tax sale - - 30,968 30,968 Total Taxes 12,830,994 12,830,994 12,506,332 (324,662) Licenses and permits 897,680 897,680 923,446 25,766 Intergovernmental 5,257,941 5,257,941 4,934,788 (323,153) Charges for services 1,272,544 1,272,544 1,623,689 351,145 Fines and forfeits 432,000 432,000 451,820 19,820 City/County and employee health insurance contributions 3,375,000 3,375,000 3,798,277 423,277 Investment earnings 30,000 30,000 9,447 (20,553) Private grants and contributions 58,500 58,500 82,036 23,536 Rental 38,500 38,500 37,758 (742) Miscellaneous 81,650 83,150 717,375 634,225 Total Revenues 24,274,809 24,276,309 25,084,968 808,659 Expenditures: Current: General government 10,782,067 11,342,458 10,898,782 443,676 Public safety 10,581,218 10,587,388 9,657,796 929,592 Public works 582,735 575,282 502,489 72,793 Public health 1,460,925 1,475,591 1,261,207 214,384 Social and economic services 130,753 130,753 111,824 18,929 Cultural and recreation 2,516,233 2,526,042 2,231,079 294,963 Capital Outlay 313,818 392,901 303,269 89,632 Debt Service Principal 37,672 37,672 37,672 - Interest 14,723 14,723 14,723 - Total Expenditures 26,420,144 27,082,810 25,018,841 2,063,969 Excess (Deficiency) of Revenues Over (Under) Expenditures (2,145,335) (2,806,501) 66,127 2,872,628 (Continued) For the Fiscal Year Ended June 30, 2013 Statement of Revenues, Expenditures And Changes In Fund Balances - Budget and Actual General Fund City and County of Butte Silver Bow, Montana 34 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Other Financing Sources (Uses) Transfers in: Revolving SID Fund - 54,666 54,666 - Metro Sewer 150,000 150,000 150,000 - Solid Waste 35,000 35,000 35,000 - Water Utility Division 100,000 100,000 100,000 - Ramsay TIFID #2 111,824 111,824 111,824 - Uptown Revitalization Agency fund 28,956 28,956 28,596 (360) Transfers out: Public Archives fund (276,628) (276,628) (260,887) (15,741) Community development fund (94,283) (94,283) (94,283) - Historic Preservation Fund (200,000) (200,000) (200,000) Family Drug Court - (4,800) (4,800) - Parks (20,000) (20,000) - (20,000) DOJ Grant (10,000) (10,000) (10,000) - Small Business Incubator fund (38,735) (38,735) (38,735) - Crime Control fund (8,750) (8,750) (8,750) - Total Other Financing Sources (Uses) (222,616) (172,750) (137,369) (36,101) Net Change in Fund Balances (2,367,951) $ (2,979,251) $ (71,242) 2,836,527 $ Fund Balances Beginning of Year 6,161,617 $ Fund Balances End of Year 6,090,375 $ See accompanying notes to the basic financial statements (Concluded) 35 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Private grants and donations - $ - $ 9,375,000 $ 9,375,000 $ Investment earnings 16,500 16,500 13,768 (2,732) Total Revenues $ 16,500 $ 16,500 $ 9,388,768 $ 9,372,268 Fund Balances Beginning of Year 5,491,395 Fund Balances End of Year 14,880,163 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Arco Redevelopment Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 36 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes - real property 7,000,000 $ 7,000,000 $ 6,873,672 $ (126,328) $ Personal Property - - 61,510 61,510 Rent - - - - Intergovernmental 98 98 38,936 38,838 Interest Revenue 18,000 18,000 20,234 2,234 Miscellaneous 75,000 75,000 2,000 (73,000) Total Revenues 7,093,098 7,093,098 6,996,352 (96,746) Expenditures Current: Housing and community development 8,445,894 6,445,894 2,565,664 3,880,230 Capital Outlay 500,000 2,429,671 1,792,314 637,357 Total Expenditures 8,945,894 8,875,565 4,357,978 4,517,587 Excess (Deficiency) of Revenues Over (Under) Expenditures (1,852,796) (1,782,467) 2,638,374 4,420,841 Other Financing (Uses) Transfers out: General fund (111,824) (111,824) (111,824) - ASiMI bond fund (1,992,078) (1,992,078) (1,992,078) - Fire fund (216,672) (216,672) (216,672) - TIFID revolving loan fund (400,000) (400,000) (400,000) - Small business incubator fund (15,000) (15,000) (15,000) - Total Other Financing (Uses) (2,735,574) (2,735,574) (2,735,574) - Net Change in Fund Balances $ (4,588,370) $ (4,518,041) (97,200) $ 4,420,841 Fund Balances Beginning of Year 15,425,832 Fund Balances End of Year 15,328,632 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Ramsay TIFID Fund Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 37 ---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 2012 was 12,746.. 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 57,096 billable units in fiscal year 2012. 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 12,344 units for collection and 21,641 units for disposal in fiscal year 2012. Citizens outside of the collection district are also assessed for disposal. 38 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Net Position Proprietary Funds June 30, 2013 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 410,259 $ 384,841 $ 1,341,966 $ 949,529 $ 3,086,595 $ 225,305 $ Investments 171,100 1,366,911 2,755,980 488,748 4,782,739 - Restricted: Cash and cash equivalents 320,584 - - - 320,584 - Receivables: Accounts 2,128,169 69,423 166,955 396,508 2,761,055 10,642 Special assessments 9,469 763,102 320,518 50,856 1,143,945 - Interfund - 180,000 1,240,144 - 1,420,144 - Inventory - - - 6,732 6,732 - Prepaid expenses 9,767 - - - 9,767 - Total Current Assets 3,049,348 2,764,277 5,825,563 1,892,373 13,531,561 235,947 Noncurrent Assets: Restricted investments 2,109,540 - 1,027,562 - 3,137,102 - Deferred bond issuance costs 8,815 - - - 8,815 - Capital assets: Nondepreciable 4,083,444 166,800 740,526 5,433 4,996,203 40,000 Depreciable, net 60,189,035 14,343,542 3,129,388 3,196,741 80,858,706 1,259,307 Total Noncurrent Assets 66,390,834 14,510,342 4,897,476 3,202,174 89,000,826 1,299,307 Total Assets 69,440,182 17,274,619 10,723,039 5,094,547 102,532,387 1,535,254 (Continued) Business-type Activities 39 ---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 1,266,481 $ 338,233 $ 118,955 $ 58,574 $ 1,782,243 $ 191,070 $ Accrued wages and benefits payable 67,401 47,574 12,832 8,364 136,171 21,917 Compensated absences payable 35,278 23,109 5,977 2,685 67,049 17,769 Accrued interest payable 16,001 - - - 16,001 - Interfund payable 1,000,000 - - 65,514 1,065,514 173,686 Unearned revenue 383,180 - - 55,473 438,653 - Closure and postclosure care payable - - 8,048 - 8,048 - Revenue bonds payable 2,394,387 - - - 2,394,387 - Total Current Liabilities 5,162,728 408,916 145,812 190,610 5,908,066 404,442 Long-Term Liabilities (net of current portion): Customer deposits payable 137,471 - - - 137,471 - Accrued interest payable-customer deposits 25,802 - - - 25,802 - Closure and postclosure care payable - - 313,892 - 313,892 - Compensated absences payable 317,498 207,978 53,792 24,169 603,437 159,922 Revenue bonds payable 3,048,303 - - - 3,048,303 - Total Long-Term Liabilities 3,529,074 207,978 367,684 24,169 4,128,904 159,922 Total Liabilities 8,691,801 616,894 513,496 214,779 10,036,970 564,364 Net Position Net Investment in capital assets (Note 3J) 58,829,789 14,510,342 3,869,914 3,202,174 80,412,219 1,299,307 Restricted for debt service 2,086,667 - - - 2,086,667 - Unrestricted (168,075) 2,147,383 6,339,629 1,677,594 9,996,531 (328,417) Total Net Position 60,748,381 $ 16,657,725 $ 10,209,543 $ 4,879,768 $ 92,495,417 $ 970,890 $ See accompanying notes to the basic financial statements (Concluded) 40 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Revenues, Expenses and Changes in Fund Net Position Proprietary Funds For the Fiscal Year Ended June 30, 2013 Governmental Enterprise Funds Activities Water Metro Other Internal Utility Sewer Solid Enterprise Service Division Operations Waste Funds Total Funds Operating Revenues Charges for services 8,098,141 $ 4,646,573 $ 696,547 $ 876,099 $ 14,317,360 $ 2,303,375 $ Special assessments - 58,483 1,493,093 - 1,551,576 - Private Grants and Donations - - - - - - Miscellaneous 40,723 1,958 33,761 105,071 181,513 5,361 Total Operating Revenues 8,138,864 4,707,014 2,223,401 981,170 16,050,449 2,308,736 Operating Expenses Personal services 2,759,232 1,824,224 604,540 501,282 5,689,278 1,459,956 Operation and maintenance 2,005,447 1,151,639 1,575,684 452,672 5,185,442 1,098,198 Depreciation 3,531,752 1,002,908 330,483 179,893 5,045,036 192,678 Amortization 159,334 - - - 159,334 - Total Operating Expenses 8,455,765 3,978,771 2,510,707 1,133,847 16,079,090 2,750,832 Operating Income (Loss) (316,901) 728,243 (287,306) (152,677) (28,641) (442,096) Non-Operating Revenues (Expenses) Interest expense (151,597) - - - (151,597) - Bond debt forgiven - 300,000 - - 300,000 - Investment earnings 19,466 8,287 6,893 1,008 35,654 - Intergovernmental 1,682 1,331 402 - 3,415 1,018 Total Non-Operating Revenues (Expenses) (130,449) 309,618 7,295 1,008 187,472 1,018 Income (Loss) Before Capital Grants & Transfers (447,350) 1,037,861 (280,011) (151,669) 158,831 (441,078) Capital grants 1,192,322 67,280 - - 1,259,602 - Transfers in - - - 53,735 53,735 - Transfers out (100,000) (150,000) (50,000) - (300,000) - Change in Net Position 644,972 955,141 (330,011) (97,934) 1,172,168 (441,078) Total Net Position Beginning of Year 60,103,409 15,702,584 10,539,554 4,977,702 91,323,249 1,411,968 Total Net Position End of Year 60,748,381 $ 16,657,725 $ 10,209,543 $ 4,879,768 $ 92,495,417 $ 970,890 $ See accompanying notes to the basic financial statements Business-type Activities 41 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2013 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 8,246,810 $ 4,718,094 $ 2,291,642 $ 1,161,365 $ 16,417,911 $ - $ Cash received from interfund services provided - - - - - 2,304,794 Cash payments for personal services (2,799,088) (1,818,713) (610,243) (506,311) (5,734,355) (1,443,842) Cash payments for goods and services (1,308,159) (1,180,943) (1,588,506) (447,263) (4,524,871) (1,012,806) Net Cash Provided by Operating Activities 4,139,563 1,718,438 92,893 207,791 6,158,685 (151,854) Cash Flows from Noncapital Financing Activities Receipt of interfund loan proceeds - 421,464 731,164 - 1,152,628 1,018 Interest expense on customer deposits (7,820) - - - (7,820) - Transfers in - - - 65,363 65,363 - Transfers out (100,000) (150,000) (50,000) - (300,000) - Net Cash Flows from Noncapital Financing Activities (107,820) 271,464 681,164 65,363 910,171 1,018 Cash Flows from Capital and Related Financing Activities Capital grants 1,418,689 67,143 - - 1,485,832 - Principal paid on revenue bonds payable (1,753,000) (741,322) - - (2,494,322) - Interest paid on revenue bonds (150,773) (40,354) - - (191,127) - Proceeds from issuance of bonds 1,429,069 - - - 1,429,069 - Proceeds (payment) on interfund loan (200,000) - - - (200,000) 173,686 Proceeds from the sale of capital assets - - 7,062 - 7,062 - Payments for capital acquisitions (4,010,682) (3,222,384) (314,621) (65,040) (7,612,727) (133,997) Net Cash (Used in) Capital and Related Financing Activities (3,266,697) (3,936,917) (307,559) (65,040) (7,576,213) 39,689 Cash Flows from Investing Activities Investment earnings 19,466 8,287 6,893 1,008 35,654 - Net Increase (Decrease) in Cash and Cash Equivalents 784,512 (1,938,728) 473,391 209,122 (471,703) (111,147) Cash and Cash Equivalents - Beginning of Year 2,226,971 3,690,480 4,652,117 1,229,155 11,798,723 336,452 Cash and Cash Equivalents - End of Year 3,011,483 $ 1,751,752 $ 5,125,508 $ 1,438,277 $ 11,327,020 $ 225,305 $ Reconciliation to Statement of Net Position Cash and cash equivalents 410,259 $ 384,841 $ 1,341,966 $ 949,529 $ 3,086,595 $ 225,305 $ Investments 171,100 1,366,911 2,755,980 488,748 4,782,739 - Restricted cash and investments 2,430,124 - 1,027,562 - 3,457,686 - Total 3,011,483 $ 1,751,752 $ 5,125,508 $ 1,438,277 $ 11,327,020 $ 225,305 $ (continued) Business-type Activities 42 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2013 Governmental Enterprise Funds Activities Water Metro Other Internal Utility Sewer Solid Enterprise Service Division Operations Waste Funds Total Funds Reconciliation of Operating Income (Loss) to Net Cash Provided by Operating Activities Operating Income (Loss) (316,901) $ 728,243 $ (287,306) $ (152,677) $ (28,641) $ (442,096) $ Adjustments: Depreciation 3,531,752 1,002,908 330,483 179,893 5,045,036 192,678 Amortization 159,334 - - - 159,334 - Intergovernmental revenue on-behalf payments 1,682 1,331 402 - 3,415 - (Increase) Decrease in Assets: Accounts receivable 71,735 82,017 30,010 164,933 348,695 (3,944) Special assessments receivables 8,937 (70,957) 38,231 - (23,789) - Inventory - - - (177) (177) - Prepaid expenses (4,630) - - - (4,630) - Increase (Decrease) in Liabilities: Vouchers payable 700,236 (6,921) (41,803) 5,275 656,787 90,965 Accounts payable - (19,944) - - (19,944) - Accrued expenses - - 28,981 - 28,981 (8,057) Accrued wages and benefits payable (27,493) (1,875) (8,793) (3,899) (42,060) - Customer deposits 12,932 - - - 12,932 - Compensated absences (12,363) 3,636 2,688 (1,235) (7,274) 18,600 Unearned revenue 14,342 - - 15,678 30,020 - Net Cash Provided by Operating Activities 4,139,563 $ 1,718,438 $ 92,893 $ 207,791 $ 6,158,685 $ (151,854) $ Noncash Capital Activities: None - $ - $ - $ - $ - $ - $ See accompanying notes to the basic financial statements (concluded) Business-type Activities 43 ---PAGE BREAK--- Fiduciary Funds 44 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Statement of Fiduciary Net Position Fiduciary Funds June 30, 2013 Investment Trust Agency Assets Cash and cash equivalents 11,919,999 $ 22,000,285 $ Investments - 996,036 Receivables - 1,793,159 Land acquired by tax deed - 229,726 Total Assets 11,919,999 25,019,206 $ Liabilities Accounts payable - 2,661,553 Vouchers payable - 6,721 Accrued interest payable - 237,626 Due to others 11,919,999 20,840 Due to other governments - 22,042,309 Due to component unit - 50,157 Total Liabilities 11,919,999 $ 25,019,206 $ See accompanying notes to the basic financial statements 45 ---PAGE BREAK--- Additions Shares and investments purchased 175,186,854 $ Investment earnings 135,661 Total Additions 175,322,515 Deductions Shares and investments redeemed 172,717,540 Investment earnings distributed - Total Deductions 172,717,540 Change in Net Position 2,604,975 Net Position Beginning of Year 9,315,024 Net Position End of Year 11,919,999 $ See accompanying notes to the basic financial statements For the Fiscal Year Ended June 30, 2013 Investment Trust Funds Statement of Changes in Fiduciary Net Position City and County of Butte-Silver Bow, Montana 46 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2013 47 Index Summary of Significant Accounting Policies 1 Reporting Entity 1-A Basis of Presentation 1-B Measurement Focus 1-C Basis of Accounting 1-D Assets, Liabilities and Fund Equity 1-E Cash, Cash Equivalents and 1-E-1 Receivables 1-E-2 Interfund 1-E-3 Consumable Inventories 1-E-4 Restricted Assets 1-E-5 Capital Assets 1-E-6 Accrued Liabilities and Long-term Obligations 1-E-7 Bond Premiums, Discounts, Issuance Costs and Bond Refunding Gains and Losses 1-E-8 Fund Equity 1-E-9 Operating Revenues and Expenses 1-E-10 Contributions of Capital 1-E-11 Interfund Activity 1-E-12 On-behalf Payments for Fringe Benefits 1-E-13 Estimates 1-E-14 Comparative Data 1-E-15 Concentration of Credit Risk – Component Unit 1-E-16 Implementation of New GASB Standards 1-E-17 Stewardship, Compliance and Accountability 2 Budgetary Information 2-A Excess of Expenditures over Appropriations 2-B Deficit Fund Equities 2-C Detailed Notes on All Funds 3 Deposits and Investments 3-A Receivables 3-B Property Taxes 3-C Capital Assets 3-D Interfund Balances and Transfers 3-E Landfill Post-Closure Care 3-F Compensated Absences 3-G Long-Term Debt 3-H Pensions 3-I Fund Balances 3-J Other Notes 4 Risk Management 4-A Subsequent 4-B Contingent Liabilities 4-C Construction Commitments 4-D External Investment Pool 4-E ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2013 48 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 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. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2013 49 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 position 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, 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 position 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: (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, 2013 50 General Fund - The general fund accounts for and reports all financial resources not accounted for and reported 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. ARCO Redevelopment Fund – This fund is financed through an agreement between the City and County and Atlantic Richfield Company. These resources will be utilized for development of mine waste source areas, historic preservation, open space and recreational areas, health initiatives and other activities as outlined in the agreement. No expenditures were budgeted or authorized in fiscal year 2013. 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. Proprietary Funds - Proprietary fund reporting focuses on the determination of operating income, changes in net position, 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. 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 position. 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 position. The statement of activities reports revenues and expenses. (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, 2013 51 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 position. The statements of changes in fund net position present increases revenues) and decreases expenses) in net total position. 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. 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. (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, 2013 52 Deferred revenue is reclassified as “unearned revenue” on the government-wide statement of net position. 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. 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, 2013. 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 position, 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 position 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, 2013 53 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 position 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 position and in the proprietary funds’ statement of net position. 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 position and the proprietary fund type statement of net position, 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. 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. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2013 54 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 position.” Fund Balance – Generally, fund balance represents the difference between the current assets and current liabilities. GASB Statement 54 requires governmental fund balances to be allocated to categories as follows: • Nonspendable – funds that are not spendable in form (i.e. Inventory); • Restricted – externally enforceable legal restrictions exist, such as state law or bond covenants; • Committed – constraint formally imposed by the Council of Commissioners by the end of the reporting period; • Assigned – constraint imposed at a level below the Council of Commissioners by the reporting date; • Unassigned – remaining balance. Net Position - Net position in the government wide and proprietary funds represent the difference between assets and liabilities. Net investment in capital assets 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 position 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 position is 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 position are available. The Council of Commissioners is the highest body in the City and County and any constraints on funds set by it must be reported as committed if action is taken by fiscal year end. The Chief Executive, in conjunction with the Finance & Budget Director, can impose constraints that would cause amounts to be assigned. Assigned fund balances are generally designated as such in accordance with the purpose of the fund. 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. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2013 55 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) 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. 1-E-17 Implementation of New GASB Standards In fiscal year 2013, the City/County implemented the following GASB Statements: Statement No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. The adoption of this statement does not have any impact on the City/County’s financial statements. Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources and Net Position. The adoption of this statement resulted in the statement of net assets being renamed the statement of net position. Additionally, the “invested in capital assets, net of related debt” component of net position was redefined as “net investment in capital assets.” 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. An 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. (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, 2013 56 The appropriated budget is prepared by fund, function, department and object. In accordance with Montana Code Annotated, Section 7-6-4030, 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 and must conform to the legal requirements of Montana Code Annotated, Section 7-6-4031. All appropriations lapse on June 30th. Although state law mandates the legal level of budgetary control is the fund, management of the City and County are authorized to make transfers of appropriations among objects within a fund or department subject to the approval of the Council of Commissioners. Per GAAP, this creates a legal level of budgetary control at the object level. In compliance with state law, Butte-Silver Bow reports budget versus actual comparisons at the functional level by fund. This does not, however, demonstrate compliance with the lower GAAP legal level of budgetary control. A separately issued report demonstrating compliance with the GAAP legal level of budgetary control has been issued and may be obtained at the City and County’s administrative offices. 2-B. Excess of Expenditures over Appropriations There were no funds that had expenditures in excess of the fund budget. 2-C. Deficit Fund Equities The following funds had fund balance deficits Parking Commission Fund – ($85,353) – 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. Damages and Judgments Fund – ($92,623) – This fund accounts for judgments made against the local government. Property taxes will be levied in fiscal year 2013-2014 to cover this deficit as indicated by State Law. East Butte RRA Fund – ($284,871) – 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. GO Bond Refunding Fund – ($22,725) – This fund accounts for all activities related to the refunding of several General Obligation bonds. The general fund has made an interim loan to the fund to cover all operating expenditures. The deficit is considered temporary and property taxes will be levied in fiscal year 2013-2014 to cover this deficit Health Fund – ($809,599) – This fund covers activities related to community health issues. These include immunization, air quality, drug and alcohol treatment, as well as a multitude of federal and state contract/grant health programs. The general fund has made an interim loan to the fund to avoid delays. This interim loan may be converted to a long term loan or grant from the general fund and is currently under evaluation. Planning-ARCO Grant Fund ($55,033) – This fund accounts for the activities associated with the first several miles of the trail system development of Greenway project. The State of Montana Natural Resource and Damages funding has funded for the majority of this project. The general fund has made an interim loan to the project to avoid delays. This project will be fully funded prior to closeout. NRDP – Greenway Project ($212,959) – This fund accounts for the activities associated with the construction of the Greenway project. The State of Montana Natural Resource and Damages funding has funded for the majority of this project. The solid waste fund has made an interim loan to the project to avoid delays. This project will be fully funded prior to closeout. Central Equipment Fund – ($424,648) – This fund accounts for the maintenance of the city-county fleet of vehicles. Also included are fuel charges for the vehicles. The general fund has made an interim loan to this internal service fund to ensure continuity of operations. Internal service charges have been adjusted upward to cover the deficit in future periods. (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, 2013 57 Central Administrative Services Fund – ($59,937) – This fund accounts for the Human Resource and Payroll functions for the city-county. The general fund has made an interim loan to this internal service fund to ensure continuity of operations. Internal service charges have been adjusted upward to cover the deficit in future periods.. 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, 2013, the carrying amount of the City and County's deposits, including certificates of deposit was $69,684,228 and the related bank balances totaled $69,993,307. Of the bank balance, $3,343,334 was covered by Federal Depository Insurance; $63,302,972 was collateralized by the pledging financial institution’s trust department or an agent in the City and County’s name and $3,347,001 was uncollateralized. Component Unit’s Deposits At June 30, 2013, the carrying amount of the Port Authority's deposits, including certificates of deposit of $2,525,365 and the related bank balances totaled $2,546,230. Of the bank balance, $2,082,545 was secured by Federal Depository Insurance; $463,685 was guaranteed or collateralized by government securities. 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, 2013 the City and County had the following investments presented by maturity period: Fair Investment Type Value U.S. Government Securities 7,554,930 $ Wells Fargo Restricted Investmments 1,201,405 Montana Investment Pool "2a7 like" 30,706,107 Total Investments 39,462,442 $ (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, 2013 58 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. Wells Fargo Bank, National Association has short term debt ratings of P1 from Moody’s Investors Service and A1+ from Standard & Poor’s Rating Services. 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, 2013 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. The State of Montana Short Term Investment Pool (STIP) Credit Quality ratings by the NRSRO as of June 30, 2013 are: Security Investment Type Amortized Cost Credit Quality Rating Asset Backed Commercial Paper 907,892,295 $ A1 Corporate Commercial Paper 150,768,775 A1 Corporate Variable Rate 663,143,336 A3 Certificates of Deposit Fixed Rate 50,000,000 A1 Certificates of Deposit Variable Rate 435,974,196 A2 Other Asset Backed 17,987,295 BBB- U.S. Government Agency Fixed 25,000,000 A1 U.S. Government Agency Variable 182,700,345 A1 Money Market Funds (Unrated) 168,232,935 NR Money Market Funds (Rated) 15,000,000 A1+ Structured Investment Vehicles (SIV) 29,561,449 NR Total Investments 2,646,260,626 $ A2 Securities Lending Collateral Investment Pool 7,182,928 $ NR 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. (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, 2013 59 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 39,126,396 $ 20,630,260 $ 59,756,656 $ Governmental Funds - Balance Sheet - Restricted 571,813 - 571,813 Proprietary Fund Type Statement of Net Position 3,311,900 4,782,739 8,094,639 Proprietary Fund Type Statement of Net Position - Restricted 320,584 3,137,102 3,457,686 Fiduciary Fund 24,377,760 12,916,035 37,293,795 Less cash on hand (27,920) (27,920) Total 67,680,533 $ 41,466,136 $ 109,146,669 $ Cash and cash equivalents 69,684,227 $ Investments 39,462,442 Total 109,146,669 $ 3-B. Receivables Receivables at June 30, 2013, 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, 2013, the amount of allowance for uncollectibles was $150,996. This is a significant decrease from the prior year and was due to the settlement of a Silver Lake receivable by a major customer. The remaining Silver Lake receivable is currently being negotiated. Management believes the current allowance ($74,496) reflects a reasonable estimate of the probable settlement amount. The allowance in the Health Department ($45,500) and Water Utility ($31,000) remained stable from the prior year. 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, 2011. The property taxes were due and recognized as an enforceable lien on January 31, 2013. 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, 2013 60 3-D. Capital Assets Capital asset activity for the year ended June 30, 2013, was as follows: Balance Balance 6/30/2012 Additions Deductions 6/30/2013 Governmental activities Nondepreciable capital assets Land 4,195,170 $ - $ - $ 4,195,170 $ Construction in progress 4,701,771 2,639,519 4,687,743 2,653,547 Total nondepreciable capital assets 8,896,941 2,639,519 4,687,743 6,848,717 Depreciable capital assets Buildings 35,612,762 27,155 - 35,639,917 Improvements other than buildings 11,017,208 1,571,658 - 12,588,866 Machinery and equipment 20,643,441 1,219,573 243,232 21,619,782 Infrastructure 72,154,423 8,314,662 - 80,469,085 Total depreciable capital assets 139,427,834 11,133,048 243,232 150,317,650 Total capital assets 148,324,775 13,772,567 4,930,975 157,166,367 Accumulated depreciation Buildings 8,707,715 871,522 - 9,579,237 Improvements other than buildings 4,266,371 445,012 - 4,711,383 Machinery and equipment 14,720,376 1,100,112 243,232 15,577,256 Infrastructure 28,162,550 2,849,081 - 31,011,631 Total accumulated depreciation 55,857,012 5,265,727 243,232 60,879,507 Governmental activities capital assets, net 92,467,763 $ 8,506,840 $ 4,687,743 $ 96,286,860 $ Governmental activities depreciation expense General government 841,757 $ Public safety 826,854 Public works 943,549 Public health 20,841 Culture and recreation 399,332 Housing and community development 2,233,394 Total governmental activities depreciation expense 5,265,727 $ (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, 2013 61 Balance Balance 6/30/2012 Additions Deductions 6/30/2013 Business-type activities Nondepreciable capital assets Land 1,299,935 $ - $ - $ 1,299,935 $ Construction in progress 6,965,370 3,960,483 7,229,585 3,696,268 Total nondepreciable capital assets 8,265,305 3,960,483 7,229,585 4,996,203 Depreciable capital assets Buildings 31,977,686 - - 31,977,686 Improvements other than buildings 88,221,030 10,645,865 - 98,866,895 Machinery and equipment 10,056,847 263,545 26,447 10,293,945 Total depreciable assets 130,255,563 10,909,410 26,447 141,138,526 Total capital assets 138,520,868 14,869,893 7,256,032 146,134,729 Accumulated depreciation Buildings 14,073,482 773,236 - 14,846,718 Improvements other than buildings 34,013,144 3,772,996 - 37,786,140 Machinery and equipment 7,176,918 499,438 28,763 7,647,593 Total accumulated depreciation 55,263,544 5,045,670 28,763 60,280,451 Business-type activities capital assets, net 83,257,324 $ 9,824,223 $ 7,227,269 $ 85,854,278 $ (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, 2013 62 The following are the changes in component unit’s capital assets: Balance Balance 6/30/2012 Additions Deductions 6/30/2012 Component unit Nondepreciable capital assets Land 353,252 $ - $ - $ 353,252 $ Construction in progress 32,227 - 32,227 - Total nondepreciable capital assets 385,479 - 32,227 353,252 Depreciable capital assets Warehouse and improvements 753,094 - - 753,094 Machinery and equipment 1,164,504 51,045 31,524 1,184,025 HUB Transportation facility Buildings and improvements 5,495,593 544,947 - 6,040,540 Tracks 1,469,325 - - 1,469,325 Total depreciable capital assets 8,882,516 595,992 31,524 9,446,984 Total capital assets 9,267,995 595,992 63,751 9,800,236 Accumulated depreciation Warehouse and improvements 559,882 12,474 - 572,356 Machinery and equipment 907,140 35,066 28,754 913,452 HUB Transportation facility Buildings and improvements 2,122,499 123,680 - 2,246,179 Tracks 725,964 33,060 - 759,024 Total accumulated depreciation 4,315,485 204,280 28,754 4,491,010 Component unit capital assets, net 4,952,511 $ 391,712 $ 34,997 $ 5,309,226 $ 3-E. Interfund Balances and Transfers Interfund balances at June 30, 2013, 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 Nonmajor Governmental enterprise Payable to: Funds funds Total General fund 1,462,137 $ 65,514 $ 1,527,651 $ Nonmajor governmental funds 1,290,000 1,290,000 Metro sewer fund 180,000 180,000 Solid waste fund 1,240,144 1,240,144 4,172,281 $ 65,514 $ 4,237,795 $ Payable from: (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, 2013 63 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 post-closure 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 post-closure 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 post-closure care as of the balance sheet date is $2,202,211 and estimated total current cost remaining to be recognized is $1,880,272. These amounts are based on what it would cost to perform all closure and post-closure care in 2013. Percentage of landfill capacity used to date is about 14.62%. 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 - $ 578,720 $ 38,735 $ 617,455 $ Ramsey TIFID 111,824 2,608,750 15,000 2,735,574 Nonmajor governmental funds 83,262 1,971,996 - 2,055,258 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 480,086 $ 5,174,466 $ 53,735 $ 5,708,287 $ Transfers to: ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2013 64 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 three outstanding general obligation bond issues. 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 had 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 interest rate as of June 30, 2013 was 1.00%. The total bonds outstanding related to this project, as of June 30, 2013 are $450,988. 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, 2013 are $6,625,000. On September 27, 2011, the General Obligation Bonds Series 1999, Series 2002 and Series 2003 were called and a Series 2011 General Obligation Refunding Bonds were issued in the amount of $9,505,000. The Bonds bear interest at varying annual rates between 2.0% and 3.5%, payable semiannually on January 1 and July 1 of each year, commencing January 1, 2012, will mature on July 1, 2022. Bonds with stated maturities in the years 2012 through 2016 will not be subject to optional redemption prior to their stated maturities. Bonds maturing July 1, 2017 and thereafter shall be subject to redemption at the option of the City-County on July 1, 2016. This bond refunding was undertaken to reduce total debt services for the remainder of the life of the bonds. This refunding resulted in a reduction of debt payments by $792, 011 and resulted in a net present value savings of $693,803. The total bonds outstanding on June 30, 2013 are $8,660,000. Annual debt service requirements to amortize the bonds are as follows: Fiscal Year Principal Interest Total 2014 1,185,214 $ 499,349 $ 1,684,563 $ 2015 1,220,214 369,222 1,589,436 2016 1,260,214 437,758 1,697,972 2017 1,310,214 404,998 1,715,212 2018 1,285,132 369,147 1,654,279 2019-2023 6,295,000 1,207,847 7,502,847 2024-2028 2,400,000 437,786 2,837,786 2029 780,000 27,947 807,947 Total 15,735,988 $ 3,754,054 $ 19,490,042 $ (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, 2013 65 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. 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, 2013 of $155,000. On December 22, 2010, the Tax Increment Industrial Infrastructure Development Revenue Bonds, Series 1996 and Series 1997 were called and a Series 2010 Taxable Tax Increment Industrial Infrastructure Development Improvement and Refunding Revenue Bonds were issued in the amount of $13,705,000. The Bonds will bear interest at the annual rate of 4.5%, payable semiannually on January 1 and July 1 of each year, commencing July 1, 2011, will mature on July 1, 2022, and will be subject to optional redemption at any time. The previous letter of credit was not renewed at time of refunding. The purchaser of the bonds is REC Advanced Silicon Materials LLC, a Delaware limited liability company. The total bonds outstanding on June 30, 2013 are $11,650,000. On September 27, 2011, Tax Increment Bond, Series 2011 was issued with a final maturity date July 1, 2022. Future revenue from the Tax Increment Industrial Infrastructure District No. 2 has been pledged to pay bond principal and interest as due. This series of bonds was issued in the amount of $4,050,000 with variable interest rate between 3.00% and 5.14%. The total bonds outstanding on June 30, 2013 are $3,705,000 Annual debt service requirements to amortize the bonds are as follows: Fiscal Year Principal Interest Total 2014 1,340,000 $ 662,581 $ 2,002,581 $ 2015 1,395,000 597,518 1,992,518 2016 1,370,000 542,056 1,912,056 2017 1,425,000 483,622 1,908,622 2018 1,485,000 421,418 1,906,418 2019-2023 8,495,000 1,017,342 9,512,342 Total 15,510,000 $ 3,724,537 $ 19,234,537 $ 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. The total bonds outstanding on June 30, 2013 are $55,000. Annual debt service requirements to amortize the bonds are as follows: (This page continued on the subsequent page) Fiscal Year Principal Interest Total 2014 55,000 $ 1,183 $ 56,183 $ 55,000 $ 1,183 $ 56,183 $ ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2013 66 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 $2,265,350 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. The interest rate for these notes was 1.00% at June 30, 2013. Annual debt service requirements to amortize the notes are as follows: 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. The outstanding balance of the corresponding liabilities is included in governmental activities long-term debt. Future minimum lease payments are as follows: Fiscal Year Principal 2014 243,660 $ 2015 186,039 2016 191,133 2017 187,527 2018 84,067 2019-2023 317,985 2024 32,648 1,243,059 $ Fiscal Year Principal Interest Total 2014 39,714 $ 11,618 $ 51,332 $ 2015 41,867 10,527 52,395 2016 44,137 8,258 52,395 2017 46,530 5,865 52,395 2018 49,053 3,342 52,395 2019 25,515 683 26,197 246,817 $ 40,292 $ 287,109 $ ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2013 67 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, 2013 were 179 percent of the annual debt service payment. Also, all bond covenants relating to the reserve requirements have been met. 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 $780,000 and 2008 Series Bonds with variable rates between 3.13% and 3.25% outstanding balance of $2,090,000. 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, 2012, net of unamortized discount, are $5,442,691. Annual debt service requirements to amortize the revenue bonds are as follows: Fiscal Year Principal Interest Total 2014 2,394,387 $ 121,268 $ 2,515,655 $ 2015 1,140,000 83,090 1,223,090 2016 98,000 63,225 161,225 2017 101,000 60,270 161,270 2018 104,000 57,210 161,210 2019-2023 567,000 237,090 804,090 2024-2028 659,000 146,010 805,010 2029-2033 417,831 41,445 459,276 Total 5,481,218 $ 809,608 $ 6,290,826 $ On October 7, 2011 the City and County of Butte-Silver Bow closed on $1,046,322 in Revenue Bonds issued through the Montana State Revolving Fund (SRF). The bonds were issued with bonds in the amount of $300,000, bonds in the amount of $290,000, and bonds in the amount of $456,322 with an interest rate of 3.75% to fund a portion of the Metro Waste Water Plant upgrade project. The entire amount of the bonds was forgiven in March 2013 per the terms of the agreement. The and bonds were paid off and there is no liability for these bonds at June 30, 2013. On December 1, 2011 the City and County of Butte-Silver Bow closed on $4,860,000 in Revenue Bonds issued through the Montana State Revolving Fund (SRF). The bonds were issued with bonds in the amount of $500,000 and bonds in the amount of $4,360,000 with an interest rate of 3.75% fund engineering costs for various water system improvements. The amount owed on the bonds as of June 30, 2013 was $500,000 on the bonds, and $2,124,218 on the bonds. It is anticipated the entire amount of the bonds will be forgiven in fiscal year 2014 per the terms of the agreement. The bonds are noted as a short term liability and the Bonds are noted as long term liabilities at June 30, 2013. (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, 2013 68 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, 2013: Outstanding Outstanding Amounts Due Governmental Activities 6/30/2012 Additions Reductions 6/30/2013 in One Year General obligation bonds 16,951,202 $ - $ 1,215,214 $ 15,735,988 $ 1,185,214 $ Add unamortized: Premium 443,666 - (23,986) 419,680 - Total bonds payable 17,394,868 - 1,191,228 16,155,668 1,185,214 General obligation notes 634,109 799,294 190,296 1,243,107 243,660 Tax increment 16,830,000 - 1,320,000 15,510,000 1,340,000 SID bonds 105,000 - 50,000 55,000 55,000 Capital leases 284,489 - 37,672 246,817 39,714 Compensated absences 3,229,529 1,226,479 1,310,539 3,145,469 1,349,855 Total Governmental Activities 38,477,995 $ 2,025,773 $ 4,099,735 $ 36,356,061 $ 5,398,657 $ Business-Type Activities Revenue bonds 6,846,471 $ 1,429,069 $ 2,794,322 $ 5,481,218 $ 2,394,387 $ Less unamortized: Refunding loss (148,912) - 112,443 (36,469) - Premium 25,938 - (19,213) 6,725 - Discount (35,131) - 26,348 (8,783) - Total bonds payable 6,688,366 1,429,069 2,913,900 5,442,691 2,394,387 Compensated absences 685,031 301,882 316,428 670,485 325,921 Landfill postclosure costs 292,959 28,981 - 321,940 8,049 Total Business-Type Activities 7,666,356 $ 1,759,932 $ 3,230,328 $ 6,435,116 $ 2,728,356 $ Component Unit Revenue Bond 727,025 $ - $ 24,188 $ 702,837 $ 25,000 $ Compensated absences 79,779 52,017 45,307 86,489 46,536 Total Component Unit 806,804 $ 52,017 $ 69,495 $ 789,326 $ 71,536 $ The debt service funds are retiring the general obligation bonds, the tax increment bonds and the SID bonds. The general fund is retiring 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 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, 2013 69 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, 2013 was $22,250,875. 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 hired prior to July 1, 2011are required to contribute 6.9% of their compensation and the local government is required to contribute 7.07% of the member’s compensation. Plan members hired after July 1, 2011are required to contribute 7.9% of their compensation and the local government is required to contribute 7.07% of the member’s compensation. City and County’s contributions to this plan for the years ended June 30, 2013, 2012 and 2011 were $1,143,524, $1,125,389 and $1,134,531, 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, 2013 was $16,448. 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%, the employers’ rate was 7.07% in 2012. The Plan is administered by the State of Montana. The Authority and employee contribution for the year ended June 30, 2013, 2012 and 2011 was $31,170, $29,229and $34,039. This represents 6.90% 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, 2013 was $215. 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, 2013 70 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, 2013, 2012 and 2011 were, $300,878, $281,186 and $256,209 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, 2013 was $769,368. 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, 2013, 2012 and 2011 were $356,440, $363,717 and $355,635, 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, 2013 was $1,023,789. 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, 2013 71 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, 2013, 2012, and 2011 were $112,249, $98,866 and $85,209 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, 2013, 2012, and 2011 were $25,300, $22,624, and $20,666 respectively. ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Notes to the Basic Financial Statements For the Year Ended June 30, 2013 72 3-J. Fund Balances In the basic financial statements, the fund balance classifications are presented in the aggregate. The table below further displays the funds balances by major purposes. Major Special Major Special Revenue Fund Revenue Fund Ramsay ARCO Other General Fund TIFID Redevelopment Funds Fund balances: Nonspendable: - $ - $ - $ Restricted for: Self funded health insurance 473,554 Code enforcement 83,324 Revolving/LT Loans 935,256 Special Improvement Districts 811,735 Weed Control 111,469 District Courts 194,178 Economic Development 15,328,632 2,145,592 Transit 88,994 Comprehensive Insurance 203,598 Crime Control 113,125 Junk Vehicle 5,956 Superfund 877,457 Reclamation 1,245,044 Urban Revitalization 4,306,300 Hard Rock Mining Trust 6,714,399 911 Emergency Program 242,743 CTEP Grants 63,198 Law Enforcement Grants 25,554 Public Works 1,204,249 Civic Center 337,633 Library/Archives 113,165 Sr Citizens 16,291 Developmentally Disabled 16,794 Fire Protection 621,935 Land Planning 115,278 Parking 1 Community Development 14,880,163 126,875 Debt Service 2,582,468 Capital Projects 2,928,500 Committed: - - - Assigned to: Community Development 3,745,485 Urban Revitalization 215,295 Highway Project 332,239 Unassigned: 5,533,497 (1,518,293) Total fund balances 6,090,375 $ 15,328,632 $ 14,880,163 $ 28,922,513 $ (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, 2013 73 The Chief Executive and Council of Commissioners are the highest level of decision-making authority for the City and County, and must adopt a resolution to establish (and modify or rescind) a fund balance commitment. Assigned fund balance may be modified by request of the department head when approved by the Chief Executive. The City and County has not established a policy for use of unrestricted fund balance amounts, and therefore fund balances are reduced in the following order when expenditures are incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used: committed, assigned, and then unassigned. The City and County currently reports two major special revenue funds. The first is the Ramsey TIFID. The purpose of this fund is to promote industrial development within the TIFID boundary via infrastructure improvements and/or economic development incentives. The second is the ARCO Redevelopment Fund. The purpose of this fund is account for specific redevelopment funds deposited with the City and County pursuant to a Superfund Agreement with ARCO [now British Petroleum GASB Statement 54 requires disclosure of revenues for each major special revenue fund. Revenues are as follows: ARCO Ramsey Redevelopment TIFID Fund Taxes - real property 6,950,411 $ - $ Intergovernmental 38,936 - Private grants and donations - 9,375,000 Miscellaneous 119,429 - Investment earnings 20,234 13,768 7,129,010 $ 9,388,768 $ 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. (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, 2013 74 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. Claims incurred but not reported (IBNR's) have been considered when determining the claims liability. That reserve was $473,554 at June 30, 2013. 4-B. Subsequent Events Management has evaluated subsequent events for the period from June 30, 2012 through the date the financial statements were available to be issued, and no subsequent events have been identified. 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, 2013. 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. 2013 2012 Claims payable, beginning of year 477,423 $ 620,410 $ Claims incurred during the year 4,961,146 3,540,650 Claims paid during the year (4,553,837) (3,683,637) Claims payable, end of year 884,732 $ 477,423 $ 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, 2013 75 4-D. Construction Commitments As of June 30, 2013, the City has made the following construction commitments: Project Expended to Future Authorized June 30, 2013 Financing Landfill north leachate pond lining 64,310 $ 22,586 $ 41,724 $ Wyoming street metro project 174,406 - 174,406 238,716 $ 22,586 $ 216,130 $ 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, 2012. 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, 2011 the pooled investment’s fair value was $11,919,999, 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--- ---PAGE BREAK--- Combining Financial Statements 77 ---PAGE BREAK--- 78 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 1 Mill Levy – 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--- 79 . 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--- 80 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--- 81 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. East Butte 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. Montana 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: 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--- 82 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. NRDP 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--- 83 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. GO Refunding Bond – This fund accounts for the annual debt service requirements relating to the issue of $9,505,000 in General Obligation Bonds for the purpose of refunding the Civic Center and LEA Detention Center & Administration Project bond issues. 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. ---PAGE BREAK--- 84 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 and was substantially complete by August 2011. 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. REC Expansion Project – Accounts for the upgrades to the electrical substation near the REC facility. The project is funded with $1.552 million in tax increment bond funds resulting from a refunding of the 1996 & 1997 tax increment bonds. Waste Waterline Construction Fund – Accounts for the construction of a waste water line through the Ramsey TIFID. A portion of the project was funded by the issuance of $4,050,000 in tax increment bonds, a portion was funded by a federal grant, and the remainder was funded with TIFID revenues. The line was substantially complete, although not operational by June 30, 2012. ---PAGE BREAK--- Nonmajor Nonmajor Nonmajor Total Special Debt Capital Nonmajor Revenue Service Projects Governmental Funds Funds Funds Funds Assets Cash and cash equivalents 15,032,885 $ 2,227,706 $ 1,284,813 $ 18,545,404 $ Investments 3,796,116 20,969 1,969,563 5,786,648 Restricted assets - investments - 571,813 - 571,813 Receivables: Accounts 2,648,610 - - 2,648,610 Property taxes 694,397 1,065,249 - 1,759,646 Special assessments 463,651 - - 463,651 Loans 4,968,431 - 14,487 4,982,918 Interfund 1,290,000 - - 1,290,000 Total Assets 28,894,090 $ 3,885,737 $ 3,268,863 $ 36,048,690 $ Liabilities and Fund Balances Liabilities Vouchers payable 1,340,519 $ - $ 6,529 $ 1,347,048 $ Accounts payable 314,532 - 1,595 316,127 Accrued salaries and benefits payable 228,663 - - 228,663 Interfund payable 2,975,870 22,725 - 2,998,595 Performance bonds payable 12,447 - - 12,447 Deferred revenue 1,158,048 1,065,249 - 2,223,297 Total Liabilities 6,030,079 1,087,974 8,124 7,126,177 Fund Balances Restricted 20,636,819 2,582,468 2,928,500 26,147,787 Assigned 3,745,485 215,295 332,239 4,293,019 Unassigned (1,518,293) - - (1,518,293) Total Fund Balances 22,864,011 2,797,763 3,260,739 28,922,513 Total Liabilities and Fund Balances 28,894,090 $ 3,885,737 $ 3,268,863 $ 36,048,690 $ City and County of Butte-Silver Bow, Montana June 30, 2013 Nonmajor Governmental Funds - By Fund Type Combining Balance Sheet 85 ---PAGE BREAK--- Nonmajor Nonmajor Nonmajor Total Special Debt Capital Nonmajor Revenue Service Projects Governmental Funds Funds Funds Funds Revenues Property taxes 8,618,233 $ 2,612,125 $ - $ 11,230,358 $ Special assessments 1,318,172 - - 1,318,172 Intergovernmental 10,628,903 288,687 29,957 10,947,547 Charges for services 918,533 - - 918,533 Fines and forfeitures 48,529 - 34,285 82,814 Private grants and donations 4,561,636 - - 4,561,636 Investment earnings 189,976 668 1,630 192,274 Rent 19,640 - - 19,640 Miscellaneous 648,889 51,024 - 699,913 Total Revenues 26,952,511 2,952,504 65,872 29,970,887 Expenditures Current: General government 4,599,687 - - 4,599,687 Public safety 5,294,383 300 - 5,294,683 Public works 6,672,796 - - 6,672,796 Public health 2,103,996 - - 2,103,996 Social and economic services 155,845 - - 155,845 Cultural and recreation 1,064,263 550 - 1,064,813 Housing and community development 2,346,074 300 - 2,346,374 Capital Outlay 6,570,276 - 245,740 6,816,016 Debt Service: Principal 190,296 2,585,214 - 2,775,510 Interest 7,335 1,258,310 - 1,265,645 Total Expenditures 29,004,951 3,844,674 245,740 33,095,365 (Deficiency) of Revenues (Under) Expenditures (2,052,440) (892,170) (179,868) (3,124,478) Other Financing Sources (Uses) Issuance of general obligation notes payable 799,294 - - 799,294 Transfers in 2,975,023 2,199,444 - 5,174,467 Transfers out (519,921) (1,535,338) - (2,055,259) Total Other Financing Sources (Uses) 3,254,396 664,106 - 3,918,502 Net Change in Fund Balances 1,201,956 (228,064) (179,868) 794,024 Fund Balances Beginning of Year 21,662,055 3,025,827 3,440,607 28,128,489 Fund Balances End of Year 22,864,011 $ 2,797,763 $ 3,260,739 $ 28,922,513 $ 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, 2013 86 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2013 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 772,882 $ 1,742 $ 7,394 $ 41,083 $ 1,158,717 $ 202,494 $ 52,530 $ - $ 284,722 $ 358,366 $ Investments - 1,979 - - - - - - - - Receivables: Taxes 526 - - - 99,747 30,095 17,066 - 74,878 38,173 Accounts - - - 57,522 - 83,143 6,776 4,284 8,282 Special assessments 199,044 713 3,468 1,785 - - 133,745 - - - Loans - - - - - - - - - - Interfund - - - - - - - - Restricted assets - investments - - - - - - - - - - Total Assets 972,452 $ 4,434 $ 10,862 $ 42,868 $ 1,315,986 $ 232,589 $ 286,484 $ 6,776 $ 363,884 $ 404,821 $ Liabilities and Fund Balances Liabilities Vouchers payable 11,267 $ - $ - $ - $ 167,694 $ 207 $ 5,628 $ 1,587 $ 82,750 $ 23,928 $ Accounts payable - - - - 35,000 - - - 3,813 - Accrued salaries and benefits payable 2,078 - - - 23,489 6,694 6,129 2,668 8,265 5,087 Performance bonds payable - - - - - - 12,447 - - - Interfund payable - - - - - - - 87,874 - - Deferred revenue 199,570 713 3,468 1,785 99,747 30,095 150,811 - 74,878 38,173 Total Liabilities 212,915 713 3,468 1,785 325,930 36,996 175,015 92,129 169,706 67,188 Fund Balances Restricted 759,537 3,721 7,394 41,083 990,056 195,593 111,469 - 194,178 337,633 Assigned - - - - - - - - - Unassigned - - - - - (85,353) - - Total Fund Balances 759,537 3,721 7,394 41,083 990,056 195,593 111,469 (85,353) 194,178 337,633 Total Liabilities and Fund Balances 972,452 $ 4,434 $ 10,862 $ 42,868 $ 1,315,986 $ 232,589 $ 286,484 $ 6,776 $ 363,884 $ 404,821 $ 87 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2013 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 payable Performance bonds payable Interfund payable Deferred revenue Total Liabilities Fund Balances Restricted Assigned Unassigned 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 18,600 $ 19,335 $ 95,726 $ 12,404 $ 320,047 $ 111,763 $ - $ 16,291 $ - $ - $ - - 14,421 - 816,141 - - - - - - - - 5,030 - 27,429 - 5,535 4,636 7,495 - - 1,949 - - 184,657 263,161 - 20,000 - - - - - - - - - - - - - - - - - - - - - - - - - 1,000,000 - - - - - - - - - - - - - - - 18,600 $ 19,335 $ 112,096 $ 17,434 $ 2,136,188 $ 323,849 $ 263,161 $ 21,826 $ 24,636 $ 7,495 $ - $ 4,754 $ 8,418 $ - $ 3,000 $ 17,867 $ 49,509 $ - $ 89 $ - $ - - - - - - 125 - - - - - 5,094 - - 9,559 65,686 - 1,508 - - - - - - - - - - - - - - - - 180,000 957,400 - 1,609 92,623 - - - 5,030 - 27,429 - 5,535 4,636 7,495 - 4,754 13,512 5,030 3,000 234,855 1,072,720 5,535 7,842 100,118 18,600 14,581 98,584 12,404 2,133,188 88,994 - 16,291 16,794 - - - - - - - - - - - - - - - - (809,559) - - (92,623) 18,600 14,581 98,584 12,404 2,133,188 88,994 (809,559) 16,291 16,794 (92,623) 18,600 $ 19,335 $ 112,096 $ 17,434 $ 2,136,188 $ 323,849 $ 263,161 $ 21,826 $ 24,636 $ 7,495 $ 88 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2013 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 payable Performance bonds payable Interfund payable Deferred revenue Total Liabilities Fund Balances Restricted Assigned Unassigned 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 696,571 $ 138,685 $ 101,839 $ 53,719 $ 7,630 $ - $ 145,239 $ 22,105 $ 1 $ 60,016 $ - 68,110 - - - - - - - - 304,908 78,879 - - - - - - - - 32,291 12,668 - - - - - - - - - - - - - - 20,796 2,729 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,033,770 $ 285,674 $ 114,507 $ 53,719 $ 7,630 $ - $ 145,239 $ 42,901 $ 2,730 $ 60,016 $ 40,557 $ 3,197 $ 250 $ - $ 1,058 $ - $ - $ - $ - $ - $ - - - - - - - - - - 66,370 - 1,132 - 616 - 1,065 - - - - - - - - - - - - - - - - - - 55,033 - - - - 304,908 78,879 - - - - - 20,796 2,729 - 411,835 82,076 1,382 - 1,674 55,033 1,065 20,796 2,729 - 621,935 203,598 113,125 53,719 5,956 - 144,174 - 1 60,016 - - - - - - - - - - - - - - - (55,033) - 22,105 - - 621,935 203,598 113,125 53,719 5,956 (55,033) 144,174 22,105 1 60,016 1,033,770 $ 285,674 $ 114,507 $ 53,719 $ 7,630 $ - $ 145,239 $ 42,901 $ 2,730 $ 60,016 $ 89 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2013 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 payable Performance bonds payable Interfund payable Deferred revenue Total Liabilities Fund Balances Restricted Assigned Unassigned 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 691,442 $ 75,489 $ 6,708,019 $ 88,738 $ 375,467 $ - $ 11,024 $ - $ 783 $ 17,976 $ 2,317,635 10,970 6,380 - 332 10,617 - - - 99,831 - - - - - - - - - - - 9,290 - - - 309,546 97,256 21,097 - - 41,724 - - - - - - - - - 4,306,300 71,065 - 55,810 - - - - - - 290,000 - - - - - - - - - - - - - - - - - - - 7,647,101 $ 166,814 $ 6,714,399 $ 144,548 $ 375,799 $ 320,163 $ 108,280 $ 21,097 $ 783 $ 117,807 $ 115,751 $ 2,381 $ - $ 11 $ - $ 16,264 $ 13,029 $ 4,300 $ - $ - $ - - - - 230,000 - 32,053 - - - 2,855 1,834 - - - 3,203 - - - - - - - - - - - - - - - - - - - 57,953 - 13,234 - - 41,724 - - - - - - - - - 160,330 4,215 - 11 230,000 77,420 45,082 17,534 - - 4,306,300 71,065 6,714,399 55,810 145,799 242,743 63,198 3,563 783 117,807 3,180,471 91,534 - 88,727 - - - - - - - - - - - - - - - - 7,486,771 162,599 6,714,399 144,537 145,799 242,743 63,198 3,563 783 117,807 7,647,101 $ 166,814 $ 6,714,399 $ 144,548 $ 375,799 $ 320,163 $ 108,280 $ 21,097 $ 783 $ 117,807 $ 90 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2013 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 payable Performance bonds payable Interfund payable Deferred revenue Total Liabilities Fund Balances Restricted Assigned Unassigned Total Fund Balances Total Liabilities and Fund Balances Arco East Butte Anaconda PIT Historic Renovation & TIFID County Department Montana Superfund ARCO ARCO Watch ED Preservation Rehabilitation Revolving Land of Justice Historical Health Superfund Community Program Grant Agency Loan Planning Grant Preservation Studies Land Mgt-GIS Readjustment 178,302 $ 209,145 $ 26,553 $ 400,000 $ 61,559 $ 1,356 $ 174,760 $ 23,289 $ 11,363 $ 299,929 $ 292 370,110 575 - - - - - - 63,113 - - - - - - - - - - - - - - - 26,095 43,359 - - 37,547 - - 59,647 - - - - - - - - - - - - - - - - 314,958 - - - - - - - - - - - - - - - - - - - - 178,594 $ 579,255 $ 86,775 $ 400,000 $ 61,559 $ 27,451 $ 218,119 $ 23,289 $ 11,363 $ 715,547 $ 2,200 $ 9 $ 21,999 $ - $ - $ 2,680 $ 42,359 $ - $ 1,535 $ 17,500 $ - 13,541 - - - - - - - - - - - - - - - - 1,752 - - - - - - - - - - - - - 290,000 - - - - - - - - - 59,647 - - - - - - - 2,200 13,550 371,646 - - 2,680 42,359 - 3,287 17,500 176,394 565,705 - 400,000 61,559 24,771 175,760 23,289 8,076 314,958 - - - - - - - - 383,089 - - (284,871) - - - - - - - 176,394 565,705 (284,871) 400,000 61,559 24,771 175,760 23,289 8,076 698,047 178,594 $ 579,255 $ 86,775 $ 400,000 $ 61,559 $ 27,451 $ 218,119 $ 23,289 $ 11,363 $ 715,547 $ 91 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Special Revenue Funds June 30, 2013 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 payable Performance bonds payable Interfund payable Deferred revenue Total Liabilities Fund Balances Restricted Assigned Unassigned Total Fund Balances Total Liabilities and Fund Balances East Butte Total ARCO Superfund NRDP RRA Superfund MT DOC- Nonmajor Lead Residential Greenway Revolving Storm Water NSP3 Special Revenue Program Metals Project Loan System Grant Funds 7,404 $ 348,222 $ - $ 1,150 $ 621,014 $ - $ 15,032,885 $ 15,096 - - 514 - - 3,796,116 - - - - - - 694,397 - - 913,380 - 67,401 448,906 2,648,610 - - - - - - 463,651 - - - 220,298 - - 4,968,431 - - - - - - 1,290,000 - - - - - - - 22,500 $ 348,222 $ 913,380 $ 221,962 $ 688,415 $ 448,906 $ 28,894,090 $ - $ 142,828 $ 309,047 $ - $ 201,661 $ 25,205 $ 1,340,519 $ - - - - - - 314,532 - 8,987 849 - 3,743 - 228,663 - - - - - - 12,447 - - 816,443 - - 423,701 2,975,870 - - - - - - 1,158,048 - 151,815 1,126,339 - 205,404 448,906 6,030,079 22,500 196,407 - 220,298 483,011 - 20,636,819 - - - 1,664 - - 3,745,485 - - (212,959) - - - (1,518,293) 22,500 196,407 (212,959) 221,962 483,011 - 22,864,011 22,500 $ 348,222 $ 913,380 $ 221,962 $ 688,415 $ 448,906 $ 28,894,090 $ 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 June 20,2013 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 11,172 $ - $ - $ - $ 1,325,632 $ 331,701 $ 183,855 $ - $ 1,131,759 $ 495,583 $ Special assessments 1,176,957 15,693 319 46,295 - - - - - - Intergovernmental 18,959 - - - 1,402,213 45,347 19,886 101 194,802 40,025 Charges for services - - 8,958 - - - 134,628 74,510 14,368 331,732 Fines and forfeitures - - - - - - - 48,529 - - Private grants and donations - - - - - - - - - 5,500 Investment earnings - - - - - - - - - - Rent 8,640 Miscellaneous - 5 - - 185,763 18,310 9,592 - 63,317 30,574 Total Revenues 1,207,088 15,698 9,277 46,295 2,913,608 395,358 347,961 123,140 1,404,246 912,054 Expenditures Current: General government 402,983 - - - - - - - 854,956 - Public safety - - - - - - - - 143,468 - Public works 880,381 19,000 4,750 - 2,200,144 346,304 325,843 164,946 - - Public health 13,600 - - - - - - - 17,877 - Social and economic services - - - - - - - - - - Cultural and recreation - - - - - - - - - 761,089 Housing and community development - - - - - - - - - - Capital Outlay 9,160 - - - 954,775 - 29,899 - - 30,433 Debt Service: - Principal - - - - 75,109 - - - - - Interest - - - - 4,834 - - - - - Total Expenditures 1,306,124 19,000 4,750 - 3,234,862 346,304 355,742 164,946 1,016,301 791,522 Excess (Deficiency) of Revenues Over (Under) Expenditures (99,036) (3,302) 4,527 46,295 (321,254) 49,054 (7,781) (41,806) 387,945 120,532 Other Financing Sources (Uses) Transfers in 112,064 - - - 45,000 - - 17,384 4,800 - Issuance of general obligation notes 623,681 Transfers out (97,064) - - (49,715) - - - - - - Total Other Financing Sources (Uses) 15,000 - - (49,715) 668,681 - - 17,384 4,800 - Net Change in Fund Balances (84,036) (3,302) 4,527 (3,420) 347,427 49,054 (7,781) (24,422) 392,745 120,532 Fund Balances Beginning of Year 843,573 7,023 2,867 44,503 642,629 146,539 119,250 (60,931) (198,567) 217,101 Fund Balances End of Year 759,537 $ 3,721 $ 7,394 $ 41,083 $ 990,056 $ 195,593 $ 111,469 $ (85,353) $ 194,178 $ 337,633 $ 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 June 20,2013 Revenues Property taxes Special assessments Intergovernmental Charges for services Fines and forfeitures Private grants and donations Investment earnings Rent 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) Transfers in Issuance of general obligation notes 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 - $ - $ - $ 58,215 $ - $ 302,212 $ - $ 63,746 $ 55,415 $ 14,649 $ - - - 371 - 2,377 - - - 1,159 - 1 2,293 9,589 - 591,412 1,507,887 11,919 24,461 19,147 - 10,317 - 96,520 209,218 - - - - - - - - - - - - - 9,455 11,438 - - - 13,364 - - - - - 36 - 3,283 - - - - - 11,000 - - 25 3,276 - 79,798 - 3,566 3,116 - - 9,456 24,109 71,451 3,283 1,083,319 1,730,469 79,231 82,992 34,955 - - - - - - - - - 118,723 - - - - - - - - - - - - - - - 1,099,451 - - - - - - - - - - 2,057,000 - - - - - - - - - - 76,044 79,801 - - 21,981 281,193 - - - - - - - - - - 68,000 167,800 - - - - - - - - - - - 36,126 - - - - - - - - - - - - - - - - - - - - - - - - 21,981 281,193 68,000 167,800 1,099,451 2,093,126 76,044 79,801 118,723 - (12,525) (257,084) 3,451 (164,517) (16,132) (362,657) 3,187 3,191 (83,768) - - 275,887 - - - - - - - - - - - - - - - - - - - 275,887 - - - - - - - - (12,525) 18,803 3,451 (164,517) (16,132) (362,657) 3,187 3,191 (83,768) 18,600 27,106 79,781 8,953 2,297,705 105,126 (446,902) 13,104 13,603 (8,855) 18,600 $ 14,581 $ 98,584 $ 12,404 $ 2,133,188 $ 88,994 $ (809,559) $ 16,291 $ 16,794 $ (92,623) $ 94 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds June 20,2013 Revenues Property taxes Special assessments Intergovernmental Charges for services Fines and forfeitures Private grants and donations Investment earnings Rent 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) Transfers in Issuance of general obligation notes Transfers out Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances Beginning of Year Fund Balances End of Year ARCO Planning Superfund Comprehensive Crime Land Junk Greenway Water Quality Uptown Reclamation Fire Insurance Control Planning Vehicle Project District Sidewalks Parking Projects 3,620,669 $ 932,971 $ - $ - $ - $ - $ - $ - $ - $ - $ 14,761 - - - - - - 21,847 16,303 - 1,118,099 40,163 65,417 14,856 43,947 - 42 - - - - - 26,834 - - - - - - - - - - - - - - - - - - - - - - - 58,902 - - - - 170 - - - - - - - - 141,456 52,234 - - - - - - - - 4,894,985 1,025,538 92,251 14,856 43,947 - 58,944 21,847 16,303 - - 953,415 - 4,000 - - 57,985 - - - 4,675,752 - 65,044 - - - - - - - - - - - 42,096 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 325,646 - 48,450 - - - - - - - 115,187 - - - - - - - - - 2,501 - - - - - - - - - 5,119,086 953,415 113,494 4,000 42,096 - 57,985 - - - (224,101) 72,123 (21,243) 10,856 1,851 - 959 21,847 16,303 - 433,344 - 8,750 - - - - - - - 175,613 (216,672) - - - - - - - (17,384) - 392,285 - 8,750 - - - - - (17,384) - 168,184 72,123 (12,493) 10,856 1,851 - 959 21,847 (1,081) - 453,751 131,475 125,618 42,863 4,105 (55,033) 143,215 258 1,082 60,016 621,935 $ 203,598 $ 113,125 $ 53,719 $ 5,956 $ (55,033) $ 144,174 $ 22,105 $ 1 $ 60,016 $ 95 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds June 20,2013 Revenues Property taxes Special assessments Intergovernmental Charges for services Fines and forfeitures Private grants and donations Investment earnings Rent 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) Transfers in Issuance of general obligation notes Transfers out Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances Beginning of Year Fund Balances End of Year Community URA Hard-Rock Development Montana Local Law Clark PIT Economic Community Mine Trust Block Grants Pole 911 CTEP DNRC Enforcement Tailings Watch ED Development Development Reserve Projects Institution Emergency Grants Grants Block Grant O & M Trust Program 932 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 19,189 - - - - - - - - - - 109 34,304 763,777 - - 593,030 319,697 66,551 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 158,699 447 331 - 45 462 - - - 313 27 3,604 - - 13,864 - 239 - - - - - 182,533 34,751 764,108 13,864 45 593,731 319,697 66,551 - 313 27 - - - - - - 13,115 36,709 - - 2,749 - - - - - 315,513 - - - - - - - - - - - - - - - - - - - - - - - - - 3,512 - - - - - - - - - - - - - - - - - - - - - - - 1,892,970 130,841 - 546 - - - - - - - - - - - - 358,795 237,387 23,443 - - - - - - - - - - - - - - - - - - - - - - - - - 1,892,970 130,841 - 546 - 674,308 250,502 60,152 - 3,512 2,749 (1,710,437) (96,090) 764,108 13,318 45 (80,577) 69,195 6,399 - (3,199) (2,722) 1,353,022 94,283 - - - - - - - - - (88,597) - - - - - - - - - 1,264,425 94,283 - - - - - - - - - (446,012) (1,807) 764,108 13,318 45 (80,577) 69,195 6,399 - (3,199) (2,722) 7,932,783 164,406 5,950,291 131,219 145,754 323,320 (5,997) (2,836) 783 121,006 179,116 7,486,771 $ 162,599 $ 6,714,399 $ 144,537 $ 145,799 $ 242,743 $ 63,198 $ 3,563 $ 783 $ 117,807 $ 176,394 $ 96 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds June 20,2013 Revenues Property taxes Special assessments Intergovernmental Charges for services Fines and forfeitures Private grants and donations Investment earnings Rent 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) Transfers in Issuance of general obligation notes Transfers out Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances Beginning of Year Fund Balances End of Year East Butte ARCO Renovation Anaconda Historic and TIFID County Department Montana Superfund ARCO ARCO Preservation Rehabilitation Revolving Land of Justice Historical Health Superfund Community Grant Agency Loan Planning Grant Preservation Studies Land Mgt-GIS Readjustment - $ 89,722 $ - $ - $ - $ - $ - $ - $ - 2,901 - - - - - - - 1,153 - 101,932 43,359 - 59 - - - 7,403 4,045 - - - - - - - - - - - - - - - - - - 117,277 - 2,168 1 - - - - - 17,132 1,500 29,424 - - - - 9,226 - 3,668 123,201 7,403 105,977 43,359 - 126,562 17,132 136,614 - - - - - 125,412 - - - - 94,606 - - - - - - - - - - - - - - - - - 12,007 - - - - - - - - - - - - - - - - - - - 85,917 - - - - - - - - - 8,903 42,359 - - - - - - - - - - - - - - - 136,614 85,917 - 103,509 42,359 12,007 125,412 - (132,946) 37,284 7,403 2,468 1,000 (12,007) 1,150 17,132 - 20,489 400,000 - 10,000 200,000 - - - - (30,000) - - - - - - - (9,511) 400,000 - 10,000 200,000 - - - (132,946) 27,773 400,000 7,403 12,468 201,000 (12,007) 1,150 17,132 698,651 (312,644) - 54,156 12,303 (25,240) 35,296 6,926 680,915 565,705 $ (284,871) $ 400,000 $ 61,559 $ 24,771 $ 175,760 $ 23,289 $ 8,076 $ 698,047 $ 97 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Special Revenue Funds June 20,2013 Revenues Property taxes Special assessments Intergovernmental Charges for services Fines and forfeitures Private grants and donations Investment earnings Rent 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) Transfers in Issuance of general obligation notes Transfers out Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances Beginning of Year Fund Balances End of Year Natural Resources East Butte Total ARCO Superfund Damages RRA Superfund MT DOC- Nonmajor Lead Residential Greenway Revolving Storm Water NSP3 Special Revenue Grant Metals Project Loan System Grant Funds - $ - $ - $ - $ - $ - $ 8,618,233 $ - - - - - - 1,318,172 - 344 1,944,622 - 294 1,589,106 10,628,903 - - - - - - 918,533 - - - - - - 48,529 - 1,211,948 10,000 - 3,123,752 - 4,561,636 38 - - 6,824 - - 189,976 19,640 - - - - - - 648,889 38 1,212,292 1,954,622 6,824 3,124,046 1,589,106 26,952,511 - - 303,920 - - 1,589,106 4,599,687 - - - - - - 5,294,383 - 843,599 - - 746,282 - 6,672,796 - - - - - - 2,103,996 - - - - - - 155,845 - - - - - - 1,064,263 - - - - - - 2,346,074 - 91,388 1,666,018 - 2,707,494 - 6,570,276 - - - - - - 190,296 - - - - - - 7,335 - 934,987 1,969,938 - 3,453,776 1,589,106 29,004,951 38 277,305 (15,316) 6,824 (329,730) - (2,052,440) - - - - - - 2,975,023 799,294 - - - (20,489) - - (519,921) - - - (20,489) - - 3,254,396 38 277,305 (15,316) (13,665) (329,730) - 1,201,956 22,462 (80,898) (197,643) 235,627 812,741 - 21,662,055 22,500 $ 196,407 $ (212,959) $ 221,962 $ 483,011 $ - $ 22,864,011 $ 98 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property - $ - $ 11,172 $ 11,172 $ Special assessments 1,006,836 1,006,836 1,176,957 170,121 Intergovernmental 9,792 9,792 18,959 9,167 Total Revenues 1,016,628 1,016,628 1,207,088 190,460 Expenditures Current: General government 465,637 465,637 402,983 62,654 Public works 4,092,756 4,092,756 880,381 3,212,375 Public health 17,650 17,650 13,600 4,050 Capital Outlay 10,000 10,000 9,160 840 Total Expenditures 4,586,043 4,586,043 1,306,124 3,279,919 Excess (Deficiency) of Revenues Over (Under) Expenditures (3,569,415) (3,569,415) (99,036) 3,470,379 Other Financing Sources (Uses) Transfers in 106,064 106,064 112,064 6,000 Transfers out (91,064) (97,064) (97,064) - Total Other Financing Sources (Uses) 15,000 9,000 15,000 6,000 Net Change in Fund Balances $ (3,554,415) $ (3,560,415) (84,036) $ 3,476,379 Fund Balances Beginning of Year 843,573 Fund Balances End of Year 759,537 $ For the Fiscal Year Ended June 30, 2013 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 99 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 5 $ 5 $ Special assessmenets 14,000 14,000 15,693 1,693 Total Revenues 14,000 14,000 15,698 1,698 Expenditures Current: Public works 14,000 19,000 19,000 - Excess (Deficiency) of Revenues Over (Under) Expenditures - $ (5,000) $ (3,302) 1,698 $ Fund Balances Beginning of Year 7,023 Fund Balances End of Year 3,721 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Divide Garbage 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 Charges for services 10,000 $ 10,000 $ 8,958 $ (1,042) $ Special assessmenets - - 319 319 Total Revenues 10,000 10,000 9,277 (723) Expenditures Current: Public works 10,000 10,000 4,750 5,250 Excess (Deficiency) of Revenues Over (Under) Expenditures - $ - $ 4,527 4,527 $ Fund Balances Beginning of Year 2,867 Fund Balances End of Year 7,394 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Melrose Garbage 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 Special assessments 45,715 $ 45,715 $ 46,295 $ 580 $ Other Financing (Uses) Transfers out - Blacktail Loop debt service fund (49,715) (49,715) (49,715) - Excess (Deficiency) of Revenues Over (Under) Expenditures (4,000) $ (4,000) $ (3,420) 580 $ Fund Balances Beginning of Year 44,503 Fund Balances End of Year 41,083 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana SID #1025 Blacktail Loop Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 102 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 1,240,874 $ 1,240,874 $ 1,184,093 $ (56,781) $ Personal property - - 22,892 22,892 Motor vehicle 125,000 125,000 118,647 (6,353) Intergovernmental 1,218,804 1,266,304 1,402,213 135,909 Charges for Services - - - - Miscellaneous 50,000 50,000 185,763 135,763 Total Revenues 2,634,678 2,682,178 2,913,608 231,430 Expenditures Current: Public works 2,408,755 2,413,745 2,200,144 213,601 Capital Outlay 1,095,000 1,137,500 954,775 182,725 Debt Service Principal 225,338 225,338 75,109 150,229 Interest 4,834 4,834 4,834 - Total Expenditures 3,733,927 3,781,417 3,234,862 546,555 Excess (Deficiency) of Revenues Over (Under) Expenditures (1,099,249) (1,099,239) (321,254) 777,985 Other Financing Sources Issuance of general obligation notes 710,000 710,000 623,681 86,319 Transfers in: URA Fund 45,000 45,000 45,000 - Total Other Financing Sources 755,000 755,000 668,681 86,319 Net Change in Fund Balances $ (344,249) $ (344,239) 347,427 $ 864,304 Fund Balances Beginning of Year 642,629 Fund Balances End of Year 990,056 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Road 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 338,927 $ 338,927 $ 323,518 $ (15,409) $ Personal property - - 8,183 8,183 Intergovernmental 43,448 43,448 45,347 1,899 Miscellaneous - - 18,310 18,310 Total Revenues 382,375 382,375 395,358 12,983 Expenditures Current: Public works 419,611 419,611 346,304 73,307 Capital Outlay 50,000 50,000 - 50,000 Total Expenditures 469,611 469,611 346,304 123,307 Excess of Revenues Over Expenditures (87,236) $ (87,236) $ 49,054 136,290 $ Fund Balances Beginning of Year 146,539 Fund Balances End of Year 195,593 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Bridge 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 Revenues Taxes: Real property 185,628 $ 185,628 $ 179,188 $ (6,440) $ Personal property - - 4,667 4,667 Intergovernmental 24,610 24,610 19,886 (4,724) Miscellaneous - - 9,592 9,592 Charges for services 142,000 142,000 134,628 (7,372) Total Revenues 352,238 352,238 347,961 (4,277) Expenditures Current: Public works 374,727 381,628 325,843 55,785 Capital Outlay 57,064 50,163 29,899 20,264 Total Expenditures 431,791 431,791 355,742 76,049 Excess (Deficiency) of Revenues Over (Under) Expenditures (79,553) $ (79,553) $ (7,781) 71,772 $ Fund Balances Beginning of Year 119,250 Fund Balances End of Year 111,469 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Noxious Weed Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 105 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 109 $ 109 $ 101 $ $ Charges for services 75,000 75,000 74,510 (490) Fines and forfeitures 50,000 50,000 48,529 (1,471) Total Revenues 125,109 125,109 123,140 (1,969) Expenditures Current: Public works 178,002 178,002 164,946 13,056 Excess (Deficiency) of Revenues Over (Under) Expenditures (52,893) (52,893) (41,806) 11,087 Other Financing Sources Transfers in: Uptown parking fund 17,500 17,500 17,384 (116) Total Other Financing Sources 17,500 17,500 17,384 (116) Net Change in Fund Balances $ (35,393) $ (35,393) (24,422) $ 10,971 Fund Balances Beginning of Year (60,931) Fund Balances End of Year (85,353) $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Parking Commission 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 Taxes: Real property 1,120,448 $ 1,120,448 $ 1,080,356 $ (40,092) $ Personal property - - 7,255 7,255 Motor vehicle 45,000 45,000 44,148 (852) Intergovernmental 90,000 285,738 194,802 (90,936) Miscellaneous - - 63,317 63,317 Charges for services 13,000 13,000 14,368 1,368 Total Revenues 1,268,448 1,464,186 1,404,246 (59,940) Expenditures Current: General government 840,289 840,289 854,956 (14,667) Public safety 159,700 159,700 143,468 16,232 Public Health - 187,738 17,877 169,861 Total Expenditures 999,989 1,187,727 1,016,301 171,426 (Deficiency) of Revenues (Under) Expenditures 268,459 276,459 387,945 111,486 Other Financing (Uses) Transfers in: General fund - 4,800 4,800 - Net Change in Fund Balances 392,745 Fund Balances Beginning of Year (198,567) Fund Balances End of Year 194,178 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana District Court Revenue 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 511,253 $ 511,253 $ 487,731 $ (23,522) $ Personal property - - 7,852 7,852 Intergovernmental 39,036 39,036 40,025 989 Charges for services 300,500 300,500 331,732 31,232 Private grants and donations - - 5,500 5,500 Rent 22,000 22,000 8,640 (13,360) Miscellaneous 12,000 12,000 30,574 18,574 Total Revenues 884,789 884,789 912,054 27,265 Expenditures Current: Culture and recreation 932,012 931,812 761,089 170,723 Capital Outlay 66,500 66,700 30,433 36,267 Total Expenditures 998,512 998,512 791,522 206,990 Excess (Deficiency) of Revenues Over (Under) Expenditures (113,723) $ (113,723) $ 120,532 234,255 $ Fund Balances Beginning of Year 217,101 Fund Balances End of Year 337,633 $ For the Fiscal Year Ended June 30, 2013 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 108 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Miscellaneous - $ - $ - $ - $ Expenditures Current: Culture and recreation 11,529 11,529 0 11,529 Excess (Deficiency) of Revenues Over (Under) Expenditures (11,529) (11,529) - 11,529 Other Financing (Sources/Uses) Transfers in 20,000 20,000 - (20,000) Net Change in Fund Balances $ 8,471 $ 8,471 0 $ (8,471) Fund Balances Beginning of Year 18,600 $ Fund Balances End of Year 18,600 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Parks Fund Schedule of Expenditures and Changes in Fund Balances - Budget and Actual 109 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 4 $ 4 $ 1 $ $ Private grants and donations 5,000 5,000 9,455 4,455 Total Revenues 5,004 5,004 9,456 4,452 Expenditures Current: Culture and recreation 26,400 23,553 21,981 1,572 Excess (Deficiency) of Revenues Over (Under) Expenditures (21,396) (18,549) (12,525) 6,024 Other Financing Sources Transfers in: General fund - - - - Net Change in Fund Balances $ (21,396) $ (18,549) (12,525) $ 6,024 Fund Balances Beginning of Year 27,106 Fund Balances End of Year 14,581 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Library 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 2,546 $ 2,546 $ 2,293 $ (253) $ Charges for services 5,500 5,500 10,317 4,817 Private grants and donations 3,500 3,500 11,438 7,938 Miscellaneous Revenue - - 25 25 Investment earnings - - 36 36 Total Revenues 11,546 11,546 24,109 12,563 Expenditures Current: Culture and recreation 331,405 336,405 281,193 55,212 Capital Outlay - - - - Total Expenditures 331,405 336,405 281,193 55,212 Excess (Deficiency) of Revenues Over (Under) Expenditures (319,859) (324,859) (257,084) 67,775 Other Financing Sources Transfers in: Urban revitalization agency fund 15,000 15,000 15,000 - General fund 276,628 276,628 260,887 (15,741) Total Other Financing Sources 291,628 291,628 275,887 (15,741) Net Change in Fund Balances $ (28,231) $ (33,231) 18,803 $ 52,034 Fund Balances Beginning of Year 79,781 Fund Balances End of Year 98,584 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Public Archives 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 59,699 $ 59,699 $ 57,071 $ (2,628) $ Personal property - - 1,144 1,144 Miscellaneous - - 3,276 3,276 Special assessments - - 371 371 Intergovernmental 9,349 9,349 9,589 240 Total Revenues 69,048 69,048 71,451 2,403 Expenditures Current: Housing and community development 68,000 68,000 68,000 - (Deficiency) of Revenues (Under) Expenditures 1,048 $ 1,048 $ 3,451 2,403 $ Fund Balances Beginning of Year 8,953 Fund Balances End of Year 12,404 $ For the Fiscal Year Ended June 30, 2013 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 112 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 16,000 $ 16,000 $ 3,283 $ (12,717) $ Miscellaneous - - - - Total Revenues 16,000 16,000 3,283 (12,717) Expenditures Current: Housing and community development 481,058 481,058 167,800 313,258 (Deficiency) of Revenues (Under) Expenditures (465,058) $ (465,058) $ (164,517) 300,541 $ Fund Balances Beginning of Year 2,297,705 Fund Balances End of Year 2,133,188 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Economic Development Fund (HR) 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 305,405 $ 305,405 $ 297,547 $ (7,858) $ Personal property - - 4,665 4,665 Special assessments - - 2,377 2,377 Intergovernmental 2,092,222 2,092,222 591,412 (1,500,810) Charges for services 66,497 66,497 96,520 30,023 Rent 12,000 12,000 11,000 (1,000) Miscellaneous 5,000 5,000 79,798 74,798 Total Revenues 2,481,124 2,481,124 1,083,319 (1,397,805) Expenditures Current: Public works 1,282,473 1,282,473 1,099,451 183,022 Capital Outlay 1,750,000 1,750,000 - 1,750,000 Debt Service Principal 40,000 40,000 - 40,000 Total Expenditures 3,072,473 3,072,473 1,099,451 1,973,022 Excess (Deficiency) of Revenues Over (Under) Expenditures $ (591,349) $ (591,349) (16,132) $ 575,217 Fund Balances Beginning of Year 105,126 Fund Balances End of Year 88,994 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Transit 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 Intergovernmental 1,567,927 $ 1,735,864 $ 1,507,887 $ (227,977) $ Charges for services 408,682 408,682 209,218 (199,464) Miscellaneous - - - - Private grants and donations 28,000 28,000 13,364 (14,636) Total Revenues 2,004,609 2,172,546 1,730,469 (442,077) Expenditures Current: Public health 2,337,498 2,505,110 2,057,000 448,110 Capital Outlay - 325 36,126 (35,801) Total Expenditures 2,337,498 2,505,435 2,093,126 412,309 (Deficiency) of Revenues (Under) Expenditures (332,889) $ (332,889) $ (362,657) (854,386) $ Other Financing Sources Transfers Out: General Fund - - - - Net Change in Fund Balances (332,889) $ (332,889) $ (362,657) (854,386) $ Fund Balances Beginning of Year (446,902) Fund Balances End of Year (809,559) $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Health 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 65,332 $ 65,332 $ 62,481 $ (2,851) $ Personal property - - 1,265 1,265 Miscellaneous - - 3,566 3,566 Intergovernmental 11,620 11,620 11,919 299 Total Revenues 76,952 76,952 79,231 2,279 Expenditures Current: Social and economic services 76,044 76,044 76,044 - (Deficiency) of Revenues (Under) Expenditures 908 $ 908 $ 3,187 2,279 $ Fund Balances Beginning of Year 13,104 Fund Balances End of Year 16,291 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Senior Citizens 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 Taxes Real property 56,348 $ 56,348 $ 54,406 $ (1,942) $ Personal property - - 1,009 1,009 Miscellaneous - - 3,116 3,116 Intergovernmental 24,351 24,351 24,461 110 Total Revenues 80,699 80,699 82,992 2,293 Expenditures Current: Social and economic services 80,654 80,654 79,801 853 (Deficiency) of Revenues (Under) Expenditures 45 $ 45 $ 3,191 3,146 $ Fund Balances Beginning of Year 13,603 Fund Balances End of Year 16,794 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Developmentally Disabled 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 Taxes Real property 11,958 $ 11,958 $ 9,135 $ (2,823) $ Personal property - - 5,514 5,514 Special assessments - - 1,159 1,159 Intergovernmental 18,668 18,668 19,147 479 Total Revenues 30,626 30,626 34,955 4,329 Expenditures Current: General government - - 118,723 (118,723) Excess (Deficiency) of Revenues Over (Under) Expenditures 30,626 $ 30,626 $ (83,768) (114,394) $ Fund Balances Beginning of Year (8,855) Fund Balances End of Year (92,623) $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Damages and Judgments 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 Taxes: Real property 4,051,385 $ 4,051,385 $ 3,550,327 $ (501,058) $ Personal property - - 70,342 70,342 Special assessments - - 14,761 14,761 Intergovernmental 1,220,346 1,220,346 1,118,099 (102,247) Miscellaneous - - 141,456 141,456 Total Revenues 5,271,731 5,271,731 4,894,985 (376,746) Expenditures Current: Public safety 4,716,909 4,872,058 4,675,752 196,306 Capital Outlay 319,672 428,297 325,646 102,651 Debt Service: Principal 115,187 115,187 115,187 - Interest 2,502 2,502 2,501 1 Total Expenditures 5,154,270 5,418,044 5,119,086 298,958 (Deficiency) of Revenues (Under) Expenditures 117,461 (146,313) (224,101) (77,788) Other Financing Sources Transfers In 433,344 433,344 433,344 - Issuance of general obligation notes - 175,613 175,613 - Transfers Out (216,672) (216,672) (216,672) - Other Financing Sources 216,672 392,285 392,285 - Net Change in Fund Balances $ 334,133 $ 245,972 168,184 $ (77,788) Fund Balances Beginning of Year 453,751 Fund Balances End of Year 621,935 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Fire 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 Taxes Real property 942,110 $ 942,110 $ 915,217 $ (26,893) $ Personal property - - 17,754 17,754 Miscellaneous - - 52,234 52,234 Intergovernmental 38,712 38,712 40,163 1,451 Investment earnings 200 200 170 (30) Total Revenues 981,022 981,022 1,025,538 44,516 Expenditures Current: General government 989,997 989,997 953,415 36,582 (Deficiency) of Revenues (Under) Expenditures (8,975) $ (8,975) $ 72,123 81,098 $ Fund Balances Beginning of Year 131,475 Fund Balances End of Year 203,598 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Comprehensive Insurance Fund 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 36,513 $ 36,513 $ 65,417 $ 28,904 $ Charges for services 24,300 24,300 26,834 2,534 Total Revenues 60,813 60,813 92,251 31,438 Expenditures Current: Public safety 90,315 90,315 65,044 25,271 Capital 74,875 74,875 48,450 26,425 Total Expenditures 165,190 165,190 113,494 51,696 Excess (Deficiency) of Revenues Over (Under) Expenditures (104,377) (104,377) (21,243) 83,134 Other Financing Sources Transfers in - General Fund 8,750 8,750 8,750 - Net Change in Fund Balances $ (95,627) $ (95,627) (12,493) $ 83,134 Fund Balances Beginning of Year 125,618 Fund Balances End of Year 113,125 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Crime Control Fund 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 Intergovernmental 4,165 $ 4,165 $ 14,856 $ 10,691 $ Expenditures Current: General Government 4,000 4,000 4,000 - Excess of Revenues Over Expenditures 165 $ 165 $ 10,856 10,691 $ Fund Balances Beginning of Year 42,863 Fund Balances End of Year 53,719 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Land Planning 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 Intergovernmental 48,139 $ 48,139 $ 43,947 $ (4,192) $ Expenditures Current: Public works 48,005 48,005 42,096 5,909 Excess of Revenues Over Expenditures 134 $ 134 $ 1,851 1,717 $ Fund Balances Beginning of Year 4,105 Fund Balances End of Year 5,956 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Junk Vehicle Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 123 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental - $ - $ - $ - $ Expenditures Current: General government - - - - Capital Outlay - - - - Total Expenditures - - - - (Deficiency) of Revenues (Under) Expenditures - $ - $ - - $ Fund Balances Beginning of Year (55,033) Fund Balances End of Year (55,033) $ For the Fiscal Year Ended June 30, 2013 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 124 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 46 $ 46 $ 42 $ $ Private grants and donations - - 58,902 58,902 Total Revenues 46 46 58,944 58,898 Expenditures Current: General government 61,940 61,940 57,985 3,955 Excess (Deficiency) of Revenues Over (Under) Expenditures (61,894) $ (61,894) $ 959 62,853 $ Fund Balances Beginning of Year 143,215 Fund Balances End of Year 144,174 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Superfund Water Quality District 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 Special assessments 25,500 $ 25,500 $ 21,847 $ (3,653) $ Fund Balances Beginning of Year 258 Fund Balances End of Year 22,105 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Sidewalks 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 Special assessments 17,500 $ 17,500 $ 16,303 $ (1,197) $ Other Financing (Uses) Transfers out - parking commission fund (17,500) (17,500) (17,384) 116 Net Change in Fund Balances $ - $ - (1,081) $ (1,081) Fund Balances Beginning of Year 1,082 Fund Balances End of Year 1 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Uptown Parking Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 127 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental - $ - $ - $ - $ Expenditures Current: Conservation of Natural Resources - - - - Capital Outlay - - - - Total Expenditures - - - - Excess (Deficiency) of Revenues Over (Under) Expenditures - $ - $ - - $ Fund Balances Beginning of Year 60,016 Fund Balances End of Year 60,016 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Reclamation Projects Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 128 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Real Property 500 $ 500 $ 932 $ 432 $ Special assessments 25,000 25,000 19,189 (5,811) Intergovernmental 112 112 109 Investment earnings 150,250 150,250 158,699 8,449 Miscellaneous 500 500 3,604 3,104 Total Revenues 176,362 176,362 182,533 6,171 Expenditures Current: Housing and community development 4,665,484 4,665,484 1,892,971 2,772,513 Excess (Deficiency) of Revenues Over (Under) Expenditures (4,489,122) (4,489,122) (1,710,438) 2,778,684 Other Financing Sources (Uses) Transfers in: Tax increment bond fund 2,002,670 2,002,670 1,353,022 (649,648) Transfers out: Road fund (45,000) (45,000) (45,000) - General fund (28,956) (28,956) (28,596) 360 Public archives fund (15,000) (15,000) (15,000) - East Butte RRA - - - - Total Other Financing Sources (Uses) 1,913,714 1,913,714 1,264,426 (649,288) Net Change in Fund Balances $ (2,575,408) $ (2,575,408) (446,012) $ 2,129,396 Fund Balances Beginning of Year 7,932,783 Fund Balances End of Year 7,486,771 $ For the Fiscal Year Ended June 30, 2013 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 129 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 133,044 $ 133,044 $ 34,304 $ (98,740) $ Rent 350 350 - (350) Investment earnings 3,210 3,210 447 (2,763) Total Revenues 136,604 136,604 34,751 (101,853) Expenditures Current: Housing and community development 296,139 296,139 130,841 165,298 Capital Outlay - - - - Total Expenditures 296,139 296,139 130,841 165,298 Excess (Deficiency) of Revenues Over (Under) Expenditures (159,535) (159,535) (96,090) (267,151) Other Financing Sources: Transfers in: Community development block grant fund 92,000 92,000 94,283 2,283 Transfers 0ut: CDBG Revolving Loan Fund - - - - Total Other Financing Sources 92,000 92,000 94,283 2,283 Net Change in Fund Balances $ (67,535) $ (67,535) (1,807) $ (264,868) Fund Balances Beginning of Year 164,406 Fund Balances End of Year 162,599 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Community Development 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 800,000 $ 800,000 $ 763,777 $ (36,223) $ Investment earnings 500 500 331 (169) Total Revenues 800,500 $ 800,500 $ 764,108 (36,392) $ Fund Balances Beginning of Year 5,950,291 Fund Balances End of Year 6,714,399 $ For the Fiscal Year Ended June 30, 2013 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 131 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Miscellaneous - $ - $ 13,864 $ 13,864 $ Expenditures Current: Housing and community development 65,835 65,835 546 65,289 Excess (Deficiency) of Revenues Over (Under) Expenditures (65,835) (65,835) 13,318 79,153 Other Financing (Uses) Transfers In - community development fund - - - - Net Change in Fund Balances $ (65,835) $ (65,835) 13,318 $ 79,153 Fund Balances Beginning of Year 131,219 Fund Balances End of Year 144,537 $ For the Fiscal Year Ended June 30, 2013 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 132 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 45 $ 45 $ 45 $ - $ Expenditures Current: Public Health 45,000 45,000 - 45,000 Excess (Deficiency) of Revenues Over (Under) Expenditures (44,955) $ (44,955) $ 45 (45,000) $ Fund Balances Beginning of Year 145,754 Fund Balances End of Year 145,799 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana MT Pole Institutional Control Schedule of Revenues and Changes in Fund Balances - Budget and Actual 133 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 245,000 $ 642,000 $ 593,030 $ (48,970) $ Investment earnings 500 500 462 (38) Miscellaneous - - 239 239 Total Revenues 245,500 642,500 593,731 (48,769) Expenditures Current: Public safety 327,618 393,396 315,513 77,883 Capital Outlay 322,000 653,222 358,795 294,427 Total Expenditures 649,618 1,046,618 674,308 372,310 Excess (Deficiency) of Revenues Over (Under) Expenditures (404,118) $ (404,118) $ (80,577) 323,541 $ Fund Balances Beginning of Year 323,320 Fund Balances End of Year 242,743 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana 911 Emergency 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 Intergovernmental 1,147,952 $ 1,147,952 $ 319,697 $ (828,255) $ Miscellaneous Revenue - $ Total Revenues 1,147,952 1,147,952 319,697 (828,255) Expenditures Current: General government 242,241 256,241 13,115 243,126 Capital Outlay 928,174 1,058,174 237,387 820,787 Total Expenditures 1,170,415 1,314,415 250,502 1,063,913 Excess (Deficiency) of Revenues Over (Under) Expenditures (22,463) (166,463) 69,195 235,658 Other Financing Sources Transfers in: Arco fund 134,200 134,200 - (134,200) Net Change in Fund Balances $ 111,737 $ (32,263) 69,195 $ 101,458 Fund Balances Beginning of Year (5,997) Fund Balances End of Year 63,198 $ For the Fiscal Year Ended June 30, 2013 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 135 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 458,004 $ 458,004 $ 66,551 $ (391,453) $ Private grants and donations - - - - Total Revenues 458,004 458,004 66,551 (391,453) Expenditures Current: General government 208,000 229,500 36,709 192,791 Capital Outlay 250,000 228,500 23,443 205,057 Total Expenditures 458,000 458,000 60,152 397,848 Excess (Deficiency) of Revenues Over (Under) Expenditures 4 $ 4 $ 6,399 6,395 $ Fund Balances Beginning of Year (2,836) Fund Balances End of Year 3,563 $ For the Fiscal Year Ended June 30, 2013 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 136 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental - $ - $ - $ - $ Expenditures Current: Public safety - - - - Capital Outlay - - - - Total Expenditures - - - - Excess (Deficiency) of Revenues Over (Under) Expenditures - $ - $ - - $ Fund Balances Beginning of Year 783 Fund Balances End of Year 783 $ For the Fiscal Year Ended June 30, 2013 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 137 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 313 $ 313 $ Expenditures Current: Public Health 12,000 12,000 3,512 8,488 (Deficiency) of Revenues (Under) Expenditures (12,000) $ (12,000) $ (3,199) (8,175) $ Fund Balances Beginning of Year 121,006 Fund Balances End of Year 117,807 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Clark Tailings Operations & Maintenance Trust Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 138 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 27 $ 27 $ Expenditures Current: General government 15,600 15,600 2,749 12,851 Excess (Deficiency) of Revenues Over (Under) Expenditures (15,600) $ (15,600) $ (2,722) 12,878 $ Fund Balances Beginning of Year 179,116 Fund Balances End of Year 176,394 $ For the Fiscal Year Ended June 30, 2013 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 139 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 2,168 $ 2,168 $ Miscellaneous Revenue - - 1,500 1,500 Intergovernmental 12 12 - (12) Total Revenues 12 12 3,668 3,656 Expenditures Current: General government 212,746 292,746 136,614 156,132 Capital Outlay 100,000 20,000 - 20,000 Total Expenditures 312,746 312,746 136,614 176,132 Excess (Deficiency) of Revenues Over (Under) Expenditures (312,734) $ (312,734) $ (132,946) (172,476) $ Fund Balances Beginning of Year 698,651 Fund Balances End of Year 565,705 $ For the Fiscal Year Ended June 30, 2013 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 140 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 245,895 $ 245,895 $ 85,203 $ (160,692) $ Personal property 7,803 7,803 4,519 (3,284) Special assessments - - 2,901 2,901 Intergovernmental - 1,153 1,153 Investment earnings 76 76 1 (75) Miscellaneous - - 29,424 29,424 Total Revenues 253,774 253,774 123,201 (130,573) Expenditures Current: Housing and community development 178,075 178,075 85,917 92,158 Excess (Deficiency) of Revenues Over (Under) Expenditures 75,699 75,699 37,284 (38,415) Other Financing Sources (Uses) Transfer from revolving loan fund 23,134 23,134 20,489 (2,645) Transfer to URA (30,000) (30,000) (30,000) - Total Other Financing Sources (Uses) (6,866) (6,866) (9,511) (2,645) Net Change in Fund Balances $ 68,833 $ 68,833 27,773 $ (41,060) Fund Balances Beginning of Year (312,644) Fund Balances End of Year (284,871) $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana East Butte RRA 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 - $ - $ - $ - $ Other Financing (Uses) Transfers in - Ramsey TIFID 400,000 400,000 400,000 - Net Change in Fund Balances $ 400,000 $ 400,000 400,000 $ - Fund Balances Beginning of Year - Fund Balances End of Year 400,000 $ 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 For the Fiscal Year Ended June 30, 2013 142 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Charges for services 6,500 $ 6,500 $ 7,403 $ 903 $ Fund Balances Beginning of Year 54,156 Fund Balances End of Year 61,559 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana County Land Planning 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 185,126 $ 185,126 $ 101,932 $ (83,194) $ Private Grants & Donations - - - - Charges For Services - - 4,045 4,045 Total Revenues 185,126 185,126 105,977 (79,149) Expenditures Current: Public safety 211,084 211,084 94,606 116,478 Capital Outlay 7,900 9,904 8,903 1,001 Total Expenditures 218,984 220,988 103,509 117,479 Excess (Deficiency) of Revenues Over (Under) Expenditures (33,858) (35,862) 2,468 (196,628) Other Financing Sources Transfer from DUI Court 10,000 100,000 10,000 (90,000) Net Change in Fund Balances $ (23,858) $ 64,138 12,468 $ (286,628) Fund Balances Beginning of Year 12,303 Fund Balances End of Year 24,771 $ For the Fiscal Year Ended June 30, 2013 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 144 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 183,000 $ 183,000 $ 43,359 $ (139,641) $ Expenditures Current: Culture and recreation 228,500 228,500 - 228,500 Capital Outlay 155,000 155,000 42,359 112,641 Totall Expenditures 383,500 383,500 42,359 341,141 Excess (Deficiency) of Revenues Over (Under) Expenditures (200,500) $ (200,500) $ 1,000 201,500 $ Other Financing Sources Transfers in: General fund 200,000 200,000 200,000 - Net Change in Fund Balances $ (500) $ (500) 201,000 $ 201,500 Fund Balances Beginning of Year (25,240) Fund Balances End of Year 175,760 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Montana Historical Preservation 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 Private grants and donations 100,000 $ 100,000 $ - $ (100,000) $ Expenditures Current: Public Health 25,000 25,000 12,007 12,993 (Deficiency) of Revenues (Under) Expenditures 75,000 $ 75,000 $ (12,007) (87,007) $ Fund Balances Beginning of Year 35,296 Fund Balances End of Year 23,289 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Superfund Health Studies 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 Intergovernmental 62 $ 62 $ 59 $ $ Miscellaneous - - 9,226 9,226 Private grants and donations 121,000 121,000 117,277 (3,723) Total Revenues 121,062 121,062 126,562 5,500 Expenditures Current: General government 125,178 125,178 125,412 (234) Excess (Deficiency) of Revenues Over (Under) Expenditures (4,116) $ (4,116) $ 1,150 5,266 $ Fund Balances Beginning of Year 6,926 Fund Balances End of Year 8,076 $ For the Fiscal Year Ended June 30, 2013 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 147 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 20,000 $ 20,000 $ 17,132 $ (2,868) $ Fund Balances Beginning of Year 680,915 Fund Balances End of Year 698,047 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Anaconda-ARCO Community Readjustment Schedule of Revenues and Changes in Fund Balances - Budget and Actual 148 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 38 $ 38 $ Fund Balances Beginning of Year 22,462 Fund Balances End of Year 22,500 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Arco Lead Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 149 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 473 $ 473 $ 344 $ (129) $ Private grants and donations 1,160,000 1,160,000 1,211,948 51,948 Total Revenues 1,160,473 1,160,473 1,212,292 51,819 Expenditures Current: Public health 1,043,104 1,021,104 843,599 177,505 Capital outlay 110,000 132,000 91,388 40,612 Total Expenditures 1,153,104 1,153,104 934,987 218,117 Excess (Deficiency) of Revenues Over (Under) Expenditures 7,369 $ 7,369 $ 277,305 (166,298) $ Fund Balances Beginning of Year (80,898) Fund Balances End of Year 196,407 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Superfund Residential Metals Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 150 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Private Grants & Donations - $ - $ 10,000 $ 10,000 $ Intergovernmental 5,180,438 5,180,438 1,944,622 (3,235,816) Total Revenues 5,180,438 5,180,438 1,954,622 (3,225,816) Expenditures Current: General government 521,764 522,441 303,920 218,521 Capital outlay 4,648,638 4,647,961 1,666,018 2,981,943 Total Expenditures 5,170,402 5,170,402 1,969,938 3,200,464 Excess (Deficiency) of Revenues Over (Under) Expenditures 10,036 $ 10,036 $ (15,316) (25,352) $ Fund Balances Beginning of Year - As Restated (197,643) Fund Balances End of Year (212,959) $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana NRDP Greenway Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 151 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 6,826 $ 6,826 $ 6,824 $ $ Other Financing (Uses) Transfers out - East butte RRA (20,489) (20,489) (20,489) - Net Change in Fund Balances $ (13,663) $ (13,663) (13,665) $ Fund Balances Beginning of Year 235,627 Fund Balances End of Year 221,962 $ For the Fiscal Year Ended June 30, 2013 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 152 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 440 $ 440 $ 294 $ (146) $ Miscellaneous revenue - - - - Private grants and donations 4,119,223 4,119,223 3,123,752 (995,471) Total Revenues 4,119,663 4,119,663 3,124,046 (995,617) Expenditures Current: Public works 1,120,197 1,190,697 746,282 444,415 Capital Outlay 2,999,026 2,928,526 2,707,494 221,032 Total Expenditures 4,119,223 4,119,223 3,453,776 665,447 Excess of Revenues Over Expenditures 440 $ 440 $ (329,730) (330,170) $ Fund Balances Beginning of Year 812,741 Fund Balances End of Year 483,011 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Superfund Stormwater System Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 153 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 2,131,000 $ 2,131,000 $ 1,589,106 $ (541,894) $ Expenditures Current: General government 2,131,000 2,131,000 1,589,106 541,894 Capital Outlay - - - - Total Expenditures 2,131,000 2,131,000 1,589,106 541,894 Excess (Deficiency) of Revenues Over (Under) Expenditures - $ - $ - (1,083,788) $ Fund Balances Beginning of Year - Fund Balances End of Year - $ City and County of Butte-Silver Bow, Montana MT Dept of Commerce NSP3 Grants Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Fiscal Year Ended June 30, 2013 154 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Debt Service Funds LEA Detention Total Tax Civic Center and GO Nonmajor Increment SID Center Adminstration Ladder Truck Bonds Debt Service Bond Revolving Bond Issue Projects Debt Service Archives Refunding ASIMI Bond Funds Assets Cash and cash equivalents 194,333 $ 28,025 $ - $ 101 $ 16,702 $ 73,077 $ - $ 1,915,468 $ 2,227,706 $ Investments 20,962 - - 7 - - - - 20,969 Restricted assets - investments 166,813 - - - - - - 405,000 571,813 Property taxes receivable 320,342 - 5,351 28,647 9,465 44,453 656,991 - 1,065,249 Total Assets 702,450 $ 28,025 $ 5,351 $ 28,755 $ 26,167 $ 117,530 $ 656,991 $ 2,320,468 $ 3,885,737 $ Liabilities and Fund Balances Liabilities Interfund payable 22,725 22,725 Deferred revenue 320,342 - 5,351 28,647 9,465 44,453 656,991 - 1,065,249 Total Liabilities 320,342 - 5,351 28,647 9,465 44,453 679,716 - 1,087,974 Fund Balances Restricted 166,813 28,025 - 108 16,702 73,077 (22,725) 2,320,468 2,582,468 Assigned 215,295 - - - - - - 215,295 Total Fund Balances 382,108 28,025 - 108 16,702 73,077 (22,725) 2,320,468 2,797,763 Total Liabilities & Fund Balances 702,450 $ 28,025 $ 5,351 $ 28,755 $ 26,167 $ 117,530 $ 656,991 $ 2,320,468 $ 3,885,737 $ June 30, 2013 155 ---PAGE BREAK--- LEA Detention Total Tax Civic Center and Ladder GO Nonmajor Increment SID Center Adminstration Truck Archives Bonds Debt Service Bond Revolving Bond Issue Projects Bond Issue Bond Issue Refunding ASiMI Bond Funds Property taxes 1,156,732 $ - $ 10,731 $ 57,051 $ 107,658 $ 535,305 $ 744,648 $ - $ 2,612,125 $ Intergovernmental 265,056 - - - - 23,631 - - 288,687 Miscellaneous 127 - - - 5,654 5,035 40,208 - 51,024 Investment earnings 551 - - 117 - - - - 668 Total Revenues 1,422,466 - 10,731 57,168 113,312 563,971 784,856 - 2,952,504 Expenditures Current: Public Safety - - - - 300 300 Culture and recreation - - - - - 550 - - 550 Housing & Community Development - - - - - - - 300 300 Debt Service: Principal retirement 70,000 50,000 - - 100,214 270,000 845,000 1,250,000 2,585,214 Interest and fiscal charges 14,250 1,770 - - 6,575 273,695 259,613 702,407 1,258,310 Bond issuance costs - - - - - - - - - Total Expenditures 84,250 51,770 - - 106,789 544,245 1,104,913 1,952,707 3,844,674 Excess (Deficiency) of Revenues Over (Under) Expenditures 1,338,216 (51,770) 10,731 57,168 6,523 19,726 (320,057) (1,952,707) (892,170) Other Financing Sources (Uses) Transfers in - 49,715 - - - - 157,650 1,992,079 2,199,444 Transfers out (1,323,022) (54,666) (28,630) (129,020) - - - - (1,535,338) Total Other Financing Sources (Uses) (1,323,022) (4,951) (28,630) (129,020) - - 157,650 1,992,079 664,106 Net Change in Fund Balances 15,194 (56,721) (17,899) (71,852) 6,523 19,726 (162,407) 39,372 (228,064) Fund Balances Beginning of Year 366,914 84,746 17,899 71,960 10,179 53,351 139,682 2,281,096 3,025,827 Fund Balances End of Year 382,108 $ 28,025 $ - $ 108 $ 16,702 $ 73,077 $ (22,725) $ 2,320,468 $ 2,797,763 $ 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, 2013 156 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 1,234,550 $ 1,234,550 $ 1,156,732 $ (77,818) $ Tax title and property tax sale 500 500 - (500) Intergovernmental 255,421 255,421 265,056 9,635 Investment earnings 1,250 1,250 551 (699) Miscellaneous - - 127 127 Total Revenues 1,491,721 1,491,721 1,422,466 (69,255) Expenditures Debt Service: Principal 70,000 70,000 70,000 - Interest 14,250 14,250 14,250 - Total Expenditures 84,250 84,250 84,250 - Excess (Deficiency) of Revenues Over (Under) Expenditures 1,407,471 1,407,471 1,338,216 (69,255) Other Financing (Uses) Transfers out: Urban revitalization agency economic development fund (1,323,022) (1,323,022) (1,323,022) - Net Changes in Fund Balances 84,449 $ 84,449 $ 15,194 (69,255) $ Fund Balances Beginning of Year 366,914 Fund Balances End of Year 382,108 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Tax Increment 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 Debt Service: Principal 50,000 $ 50,000 $ 50,000 $ - $ Interest 5,303 5,303 1,770 3,533 Total Expenditures 55,303 55,303 51,770 3,533 Other Financing Sources (Uses) Transfers in(out): Combined special improvement district 49,715 49,715 49,715 - General fund (54,666) (54,666) (54,666) - Other Financing Sources (4,951) (4,951) (4,951) - Net Change in Fund Balances (60,254) $ (60,254) $ (56,721) 3,533 $ Fund Balances Beginning of Year 84,746 Fund Balances End of Year 28,025 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana SID Revolving Fund Schedule of Expenditures and Changes in Fund Balances - Budget and Actual 158 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes Real property - $ - $ 7,570 $ 7,570 $ Personal property - - 3,161 3,161 Intergovernmental - - - - Total Revenues - - 10,731 10,731 Expenditures Current: Culture and recreation - - - - Debt Service: Principal - - - - Interest - - - - Total Expenditures - - - - (Deficiency) of Revenues (Under) Expenditures - - 10,731 10,731 Other Financing Sources (Uses) Issuance of general obligation refunding bonds - - - - Payment to refunded bond escrow agent - - - - Transfers out (33,458) (33,458) (28,630) - Other Financing Sources (Uses) (33,458) (33,458) (28,630) - Net Change in Fund Balances (33,458) $ (33,458) $ (17,899) 10,731 $ Fund Balances Beginning of Year 17,899 Fund Balances End of Year - $ For the Fiscal Year Ended June 30, 2013 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 159 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property - $ - $ 40,554 $ 40,554 $ Personal property - - 16,497 16,497 Investment earnings - - 117 117 Total Revenues - - 57,168 57,168 Expenditures Current: Public safety - - - - Debt Service: Principal - - - - Interest - - - - Bond issuance costs - - - - Total Expenditures - - - - (Deficiency) of Revenues (Under) Expenditures - - 57,168 57,168 Other Financing Sources (Uses) Issuance of general obligation refunding bonds - - - - Bond premiums - - - - Payment to refunded bond escrow agent - - - - Transfers out (153,637) (153,637) (129,020) 24,617 Total Other Financing Sources (Uses) (153,637) (153,637) (129,020) 24,617 Net Change in Fund Balance (153,637) $ (153,637) $ (71,852) 81,785 $ Fund Balances Beginning of Year 71,960 Fund Balances End of Year 108 $ For the Fiscal Year Ended June 30, 2013 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 160 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 118,950 $ 118,950 $ 104,531 $ (14,419) $ Personal property - - 2,316 2,316 Special assessments - - 811 811 Miscellaneous revenue - - 5,654 5,654 Total Revenues 118,950 118,950 113,312 (5,638) Expenditures Debt Service: Principal 100,214 100,214 100,214 - Interest 6,576 6,576 6,575 1 Total Expenditures 106,790 106,790 106,789 1 Excess (Deficiency) of Revenues Over (Under) Expenditures 12,160 $ 12,160 $ 6,523 (5,637) $ Fund Balances Beginning of Year 10,179 Fund Balances End of Year 16,702 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Ladder Truck Bond 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 Taxes: Real property 544,666 $ 544,666 $ 526,607 $ (18,059) $ Personal property - - 8,698 8,698 Intergovernmental - - 23,631 Miscellaneous revenue - - 5,035 5,035 Total Revenues 544,666 544,666 563,971 (4,326) Expenditures Current: Cultural and recreation 1,200 1,200 550 650 Debt Service: Principal 270,000 270,000 270,000 - Interest 273,695 273,695 273,695 - Total Expenditures 544,895 544,895 544,245 650 Excess (Deficiency) of Revenues Over (Under) Expenditures (229) (229) 19,726 (3,676) Other Financing Sources Transfers In - - - - Net Change in Fund Balance (229) $ (229) $ 19,726 (3,676) $ Fund Balances Beginning of Year 53,351 Fund Balances End of Year 73,077 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Archives Bond Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 162 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Taxes: Real property 793,147 $ 793,147 $ 721,017 $ (72,130) $ Personal property 23,039 23,039 23,631 592 Miscellaneous revenue - - 40,208 40,208 Total Revenues 816,186 816,186 784,856 (31,330) Expenditures Current: Public safety 1,350 1,350 300 1,050 Debt Service: Principal 845,000 845,000 845,000 - Interest 259,613 259,613 259,613 - Total Expenditures 1,105,963 1,105,963 1,104,913 1,050 Excess (Deficiency) of Revenues City and County of Butte-Silver Bow, Montana GO Bonds Refunding Schedule of Expenditures and Changes in Fund Balances - Budget and Actual For the Fiscal Year Ended June 30, 2013 163 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Expenditures Current: Housing and community development 25,000 $ 25,000 $ 300 $ 24,700 $ Debt Service: Principal 1,150,000 1,150,000 1,250,000 (100,000) Interest 606,269 648,822 702,407 (53,585) Total Expenditures 1,781,269 1,823,822 1,952,707 (128,885) Other Financing Sources Issuance of tax increment bonds - - - - Transfers in - Ramsey TIFID#2 fund 1,952,407 1,952,407 1,992,079 39,672 Total Other Financing Sources 1,952,407 1,952,407 1,992,079 39,672 Net Change in Fund Balances $ 171,138 $ 128,585 39,372 $ 168,557 Fund Balances Beginning of Year 2,281,096 Fund Balances End of Year 2,320,468 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana ASiMI Bond Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 164 ---PAGE BREAK--- Civic Silver Lake Total Hard Rock Archives Center Junk Vehicle TIFID Water Distribution Nonmajor Capital Mine Capital Highway Emergency Building Renovation Capital Electrical System Capital Projects Improvements Trust Abandonment Ops Center Fund Project Reserve Upgrade Improvements Funds Assets Cash and cash equivalents 545,293 $ - $ - $ 188,248 $ 47,223 $ 676 $ 3,526 $ 251,693 $ 248,154 $ 1,284,813 $ Investments 1,686,575 128,123 146,945 - 4,840 - 3,080 - - 1,969,563 Loans receivable 14,487 - - - - - - - - 14,487 Total Assets 2,246,355 $ 128,123 $ 146,945 $ 188,248 $ 52,063 $ 676 $ 6,606 $ 251,693 $ 248,154 $ 3,268,863 $ Liabilities and Fund Balances Liabilities Vouchers payable 2,938 $ - $ - $ 2,954 $ 637 $ - $ - $ - $ - $ 6,529 $ Accounts payable 1,595 - - - - - - - 1,595 Total Liabilities 4,533 - - 2,954 637 - - - - 8,124 Fund Balances Restricted 2,241,822 128,123 - - 51,426 676 6,606 251,693 248,154 2,928,500 Assigned - - 146,945 185,294 - - - - 332,239 Total Fund Balances 2,241,822 128,123 146,945 185,294 51,426 676 6,606 251,693 248,154 3,260,739 Total Liabilities and Fund Balances 2,246,355 $ 128,123 $ 146,945 $ 188,248 $ 52,063 $ 676 $ 6,606 $ 251,693 $ 248,154 $ 3,268,863 $ City and County of Butte-Silver Bow, Montana Combining Balance Sheet Nonmajor Capital Projects Funds June 30, 2013 165 ---PAGE BREAK--- Civic TIFID Silver Lake Total Hard Rock Archives Center Junk Vehicle Electrical Water Distribution Nonmajor Capital Mine Capital Highway Emergency Building Renovation Capital Upgrade System Capital Projects Improvements Trust Abandonment Ops Center Fund Project Reserve Project Improvements Funds Revenues Intergovernmental - $ - $ - $ 29,957 $ - $ - $ - $ - $ 29,957 $ Fines and forfeitures 34,285 - - - - - - - 34,285 Miscellaneous - - - - - - - - - Investment earnings 761 320 367 - 174 - 8 - - 1,630 Total Revenues 35,046 320 367 29,957 174 - 8 - - 65,872 Expenditures Capital Outlay 129,080 - - 36,135 21,999 - - 58,526 - 245,740 Debt Service: - Bond issuance costs - - - - - - - - - - Total Expenditures 129,080 - - 36,135 21,999 - - 58,526 - 245,740 Excess (Deficiency) of Revenues Over (Under) Expenditures (94,034) 320 367 (6,178) (21,825) - 8 (58,526) - (179,868) Other Financing Sources (Uses) Transfers In - - Transfers Out - - - - - - - - - - Bond Proceeds - - - - - - - - - - Total Other Financing Sources (Uses) - - - - - - - - - - Net Change in Assets (94,034) 320 367 (6,178) (21,825) - 8 (58,526) - (179,868) Fund Balances Beginning of Year 2,335,856 127,803 146,578 191,472 73,251 676 6,598 310,219 248,154 3,440,607 Fund Balances End of Year 2,241,822 $ 128,123 $ 146,945 $ 185,294 $ 51,426 $ 676 $ 6,606 $ 251,693 $ 248,154 $ 3,260,739 $ 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, 2013 166 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Fines and forfeitures - $ - $ 34,285 $ 34,285 $ Intergovernmental - - - - Miscellaneous - - - - Investment earnings - - 761 761 Total Revenues - - 35,046 35,046 Expenditures Capital Outlay: 237,000 237,000 129,080 107,920 Excess (Deficiency) of Revenues Over (Under) Expenditures (237,000) (237,000) (94,034) 142,966 Other Financing Sources Transfers Out - - - - Net Change in Fund Balances $ (237,000) $ (237,000) (94,034) $ 142,966 Fund Balances Beginning of Year 2,335,856 Fund Balances End of Year 2,241,822 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Capital Improvements 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 Investment earnings 350 $ 350 $ 320 $ (30) $ Fund Balances Beginning of Year 127,803 Fund Balances End of Year 128,123 $ For the Fiscal Year Ended June 30, 2013 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 168 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings 400 $ 400 $ 367 $ (33) $ Expenditures Capital Outlay: Public works 100,000 100,000 - 100,000 Excess (Deficiency) of Revenues Over (Under) Expenditures (99,600) $ (99,600) $ 367 99,967 $ Fund Balances Beginning of Year 146,578 Fund Balances End of Year 146,945 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Highway Abandonment Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 169 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Intergovernmental 913,941 $ 1,382,791 $ 29,957 $ (1,352,834) $ Miscellaneous - - - - Investment earnings - - - - Total Revenues 913,941 1,382,791 29,957 (1,352,834) Expenditures Capital Outlay: 1,105,413 1,574,263 36,135 1,538,128 Excess (Deficiency) of Revenues Over (Under) Expenditures (191,472) (191,472) (6,178) 185,294 City and County of Butte-Silver Bow, Montana Emergency Operation Center Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Fiscal Year Ended June 30, 2013 170 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 174 $ 174 $ Expenditures Capital Outlay: Culture and recreation 67,311 67,311 21,999 45,312 (Deficiency) of Revenues (Under) Expenditures (67,311) (67,311) (21,825) 45,486 Other Financing Sources Transfers Out - - - - Net Change in Fund Balances $ (67,311) $ (67,311) (21,825) $ 45,486 Fund Balances Beginning of Year 73,251 Fund Balances End of Year 51,426 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Archives Building Project Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 171 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Fund Balances Beginning of Year $ - $ - $ 676 $ - Fund Balances End of Year 676 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Civic Center Renovation Fund Schedule of Expenditures and Changes in Fund Balances - Budget and Actual 172 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Revenues Investment earnings - $ - $ 8 $ 8 $ Fund Balances Beginning of Year 6,598 Fund Balances End of Year 6,606 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Junk Vehicle Capital Improvement Fund Schedule of Revenues and Changes in Fund Balances - Budget and Actual 173 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Expenditures Capital Outlay 310,001 310,001 58,526 251,475 Excess (Deficiency) of Revenues Over (Under) Expenditures 310,001 $ 310,001 $ 58,526 251,475 $ Other Financing Sources Transfers In - - - - Net Change in Fund Balances $ (310,001) $ (310,001) (58,526) $(251,475) Fund Balances Beginning of Year 310,219 Fund Balances End of Year 251,693 $ City and County of Butte-Silver Bow, Montana TIFID Electrical Upgrade Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Fiscal Year Ended June 30, 2013 174 ---PAGE BREAK--- Variance Original Final With Final Budget Budget Actual Budget Expenditures Capital Outlay: - $ $ - $ - - $ Fund Balances Beginning of Year 248,154 Fund Balances End of Year 248,154 $ For the Fiscal Year Ended June 30, 2013 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 175 ---PAGE BREAK--- Small Silver Lake Storm Water MR Total Nonmajor Community Home Business Water System Infrastructure Enterprise Facilities Health Incubator System Project Project Funds Assets Current Assets: Cash and cash equivalents 154,605 $ - $ 161,495 $ 255,914 $ 377,515 $ - $ 949,529 $ Investments - - 85,529 403,219 - - 488,748 Accounts receivable - 74,822 12,463 309,223 - - 396,508 Special assessments receivable - - - - 50,856 - 50,856 Inventory - 6,732 - - - 6,732 Total Current Assets 154,605 81,554 259,487 968,356 428,371 - 1,892,373 Noncurrent Assets: Capital assets: Nondepreciable - - 5,433 - - 5,433 Depreciable, net 310,512 9,081 177,799 1,231,205 62,490 1,405,654 3,196,741 Total Noncurrent Assets 310,512 9,081 183,232 1,231,205 62,490 1,405,654 3,202,174 Total Assets 465,117 90,635 442,719 2,199,561 490,861 1,405,654 5,094,547 Liabilities Current Liabilities: Vouchers payable 4,915 10,198 1,002 1,639 40,820 - 58,574 Accrued wages and benefits payable - 5,396 1,269 1,699 - - 8,364 Compensated absences - 2,669 16 - - - 2,685 Interfund payable - 65,514 - - - - 65,514 Deferred revenue - - 4,617 - 50,856 - 55,473 Total Current Liabilities 4,915 83,777 6,904 3,338 91,676 - 190,610 Long-Term Liabilities: Compensated absences - 24,022 147 - - - 24,169 Total Liabilities 4,915 107,799 7,051 3,338 91,676 - 214,779 Net Position Invested in capital assets 310,512 9,081 183,232 1,231,205 62,490 1,405,654 3,202,174 Unrestricted 149,690 (26,245) 252,436 965,018 336,695 - 1,677,594 Total Net Position 460,202 $ (17,164) $ 435,668 $ 2,196,223 $ 399,185 $ 1,405,654 $ 4,879,768 $ Combining Statement of Net Position City and County of Butte-Silver Bow, Montana Nonmajor Enterprise Funds June 30, 2013 176 ---PAGE BREAK--- City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenses and Changes in Fund Net Position Nonmajor Enterprise Funds For the Fiscal Year Ended June 30, 2013 Small Silver Lake Storm Water MR Total Nonmajor Community Home Business Water System Infrastructure Enterprise Facilities Health Incubator System Project Project Funds Operating Revenues Charges for services - $ 365,080 $ 90,194 $ 92,808 $ 328,017 $ - $ 876,099 $ Miscellaneous 75,647 28,420 917 58 29 - 105,071 Total Operating Revenues 75,647 393,500 91,111 92,866 328,046 - 981,170 Operating Expenses Personal services - 290,342 65,742 95,434 49,764 - 501,282 Operation and maintenance 42,944 152,433 56,752 112,442 88,101 - 452,672 Depreciation 18,128 1,497 9,630 55,802 2,155 92,681 179,893 Total Operating Expenses 61,072 444,272 132,124 263,678 140,020 92,681 1,133,847 Operating Income (Loss) 14,575 (50,772) (41,013) (170,812) 188,026 (92,681) (152,677) Non-Operating Revenues (Expenses) Investment earnings - - - 1,008 - - 1,008 Total Non-Operating Revenues (Expenses) - - - 1,008 - - 1,008 Income (Loss) Before Tranfers In (Out) 14,575 (50,772) (41,013) (169,804) 188,026 (92,681) (151,669) Transfers in (out): General fund - - 38,735 - - - 38,735 Ramsay TIFID #2 fund - - 15,000 - - - 15,000 Change in Net Position 14,575 (50,772) 12,722 (169,804) 188,026 (92,681) (97,934) Net Position Beginning of Year 445,627 33,608 422,946 2,366,027 211,159 1,498,335 4,977,702 Net Position End of Year 460,202 $ (17,164) $ 435,668 $ 2,196,223 $ 399,185 $ 1,405,654 $ 4,879,768 $ 177 ---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, 2013 Small Silver Lake Storm Water MR Total Nonmajor Community Home Business Water System Infrastructure Enterprise Facilities Health Incubator System Project Project Funds Increase (Decrease) in Cash and Cash Equivalents Cash Flows from Operating Activities Cash received from customers 75,646 $ 437,867 $ 88,307 $ 231,499 $ 328,046 $ - $ 1,161,365 $ Cash payments for personal services - (293,784) (67,409) (95,354) (49,764) - (506,311) Cash payments for goods and services (41,567) (155,316) (56,418) (120,198) (73,764) - (447,263) Net Cash Provided by (Used in) Operating Activities 34,079 (11,233) (35,520) 15,947 204,518 - 207,791 Cash Flows from Noncapital Financing Activities Transfers in (out) - 11,628 53,735 - - - 65,363 Cash Flows from Capital and Related Financing Activities Payments for capital acquisitions - (395) - - (64,645) - (65,040) Net Cash Provided by (Used in) Capital and Related Financing Activities - (395) - - (64,645) - (65,040) Cash Flows from Investing Activities Interest on investments - - - 1,008 - - 1,008 Net Increase (Decrease) in Cash and Cash Equivalents 34,079 - 18,215 16,955 139,873 - 209,122 Cash and Cash Equivalents Beginning of Year 120,526 - 228,809 642,178 237,642 - 1,229,155 Cash and Cash Equivalents End of Year 154,605 $ - $ 247,024 $ 659,133 $ 377,515 $ - $ 1,438,277 $ Reconciliation to Combining Statement of Net Position Cash and cash equivalents 154,605 $ - $ 161,495 $ 255,914 $ 377,515 $ - $ 949,529 $ Investments - - 85,529 403,219 - - 488,748 Total 154,605 $ - $ 247,024 $ 659,133 $ 377,515 $ - $ 1,438,277 $ 178 ---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, 2013 Small Silver Lake Storm Water MR Total Nonmajor Community Home Business Water System Infrastructure Enterprise Facilities Health Incubator System Project Project Funds Reconciliation of Operating Income (Loss) to Net Cash Provided by (Used in) Operating Activities Operating Income (Loss) 14,575 $ (50,772) $ (41,013) $ (170,812) $ 188,026 $ (92,681) $ (152,677) $ Adjustments: Depreciation 18,128 1,497 9,630 55,802 2,155 92,681 179,893 (Increase) Decrease in Assets: Accounts receivable - 44,678 (2,758) 138,691 (15,678) - 164,933 Inventory - (177) - - - (177) Increase (Decrease) in Liabilities: Accounts payable 1,376 (3,016) 334 (7,756) 14,337 - 5,275 Accrued wages and benefits payable - (2,443) (1,478) 22 - - (3,899) Unearned revenue - - - - 15,678 15,678 Compensated absences payable - (1,000) (235) - - - (1,235) Net Cash Provided by (Used in) Operating Activities 34,079 $ (11,233) $ (35,520) $ 15,947 $ 204,518 $ - $ 207,791 $ 179 ---PAGE BREAK--- 180 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 - $ - $ 9,535 $ 215,770 $ 225,305 $ Accounts receivable 6,611 - 1,146 2,885 10,642 Total Current Assets 6,611 - 10,681 218,655 235,947 Noncurrent Assets: Capital assets: Nondepreciable 40,000 - - - 40,000 Depreciable, net 1,041,064 192,590 23,716 1,937 1,259,307 Total Noncurrent Assets 1,081,064 192,590 23,716 1,937 1,299,307 Total Assets 1,087,675 192,590 34,397 220,592 1,535,254 Liabilities Current Liabilities: Vouchers payable 163,671 13,637 13,762 - 191,070 Accounts payable - - - - - Accrued wages and benefits payable 13,977 178 6,072 1,690 21,917 Interfund payable 173,047 639 173,686 Compensated absences payable 8,056 4,548 4,223 941 17,769 Total Current Liabilities 358,751 19,002 24,057 2,631 404,442 Long-term Liabilities Compensated absences payable 72,508 40,935 38,008 8,472 159,922 Total Liabilities 431,259 59,937 62,065 11,103 564,364 Net Position Net Investment in capital assets 1,081,064 192,590 23,716 1,937 1,299,307 Unrestricted (424,648) (59,937) (51,384) 207,552 (328,417) Total Net Position 656,416 $ 132,653 $ (27,668) $ 209,489 $ 970,890 $ City and County of Butte-Silver Bow, Montana June 30, 2013 Internal Service Funds Combining Statement of Net Position 181 ---PAGE BREAK--- Central Equipment Central Administration Services Central EDP & Communications GIS Services Total Operating Revenues Charges for services 1,490,686 $ 350,123 $ 403,905 $ 58,661 $ 2,303,375 $ Miscellaneous - 4,866 - 495 5,361 Total Operating Revenues 1,490,686 354,989 403,905 59,156 2,308,736 Operating Expenses Personal services 757,055 312,515 340,463 49,923 1,459,956 Operations and maintenance 891,339 83,929 117,019 5,911 1,098,198 Depreciation 182,463 7,930 1,581 704 192,678 Total Operating Expenses 1,830,857 404,374 459,063 56,538 2,750,832 Operating (Loss) (340,171) (49,385) (55,158) 2,618 (442,096) Non-Operating Revenues Intergovernmental 508 242 242 26 1,018 Income (Loss) Before Tranfers In (Out) (339,663) (49,143) (54,916) 2,644 (441,078) Transfers in (out): Central EDP - - Central admin services - - Change in Net Position (339,663) (49,143) (54,916) 2,644 (441,078) Total Net Position Beginning of Year 996,079 181,796 27,248 206,845 1,411,968 Total Net Position End of Year 656,416 $ 132,653 $ (27,668) $ 209,489 $ 970,890 $ City and County of Butte-Silver Bow, Montana Combining Statement of Revenues, Expenses and Changes in Fund Net Position For the Fiscal Year Ended June 30, 2012 Internal Service Funds 182 ---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 1,489,632 $ 354,989 $ 403,901 $ 56,272 $ 2,304,794 $ Cash payments for personnel services (753,891) (305,999) (336,093) (47,859) (1,443,842) Cash payments for goods and services (805,319) (88,351) (113,200) (5,936) (1,012,806) Net Cash Provided by Operating Activities (69,578) (39,361) (45,392) 2,477 (151,854) Cash Flows from Noncapital Financing Activities Intergovernmental 508 242 242 26 1,018 Receipt of interfund loan proceeds 173,047 639 - 173,686 Net Cash Flows from Noncapital Financing Activities 173,555 881 242 26 174,704 Cash Flows from Capital and Related Financing Activities Payments for capital acquisitions (46,295) (72,820) (14,882) - (133,997) Net Increase (Decrease) in Cash and Cash Equivalents 57,682 (111,300) (60,032) 2,503 (111,147) Cash and Cash Equivalents Beginning of Year (57,682) 111,300 69,567 213,267 336,452 Cash and Cash Equivalents End of Year - $ - $ 9,535 $ 215,770 $ 225,305 $ Combining Statement of Cash Flows City and County of Butte-Silver Bow, Montana For the Fiscal Year Ended June 30, 2012 Internal Service Funds 183 ---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) (340,171) $ (49,385) $ (55,158) $ 2,618 $ (442,096) $ Adjustments: Depreciation 182,463 7,930 1,581 704 192,678 Capital asset adjustments - - - - (Increase) Decrease in Assets: Accounts receivable (1,054) - (2,884) (3,944) Increase (Decrease) in Liabilities: Vouchers payable 85,685 1,216 4,064 - 90,965 Accounts payable - - - - - Accrued wages and benefits payable (334) (5,816) (1,973) 66 (8,057) Compensated absences payable 3,833 6,694 6,100 1,973 18,600 Net Cash Provided by Operating Activities (69,578) $ (39,361) $ (45,392) $ 2,477 $ (151,854) $ City and County of Butte-Silver Bow, Montana Combining Statement of Cash Flows Internal Service Funds For the Fiscal Year Ended June 30, 2012 184 ---PAGE BREAK--- 185 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 7,975,193 $ 3,944,806 $ 11,919,999 $ Net Position Net position held in trust for pool participants 7,975,193 $ 3,944,806 $ 11,919,999 $ . City and County of Butte-Silver Bow, Montana June 30, 2013 Trust Funds Combining Statement of Fiduciary Net Position 186 ---PAGE BREAK--- School District #1 School District #1 Individual External Investment Investment Funds Pool Total Additions Shares and investments purchased 2,071,168 $ 173,115,686 $ 175,186,854 $ Investment earnings 95,367 40,294 135,661 Total Additions 2,166,535 173,155,980 175,322,515 Deductions Shares and investments redeemed 2,105,000 170,612,540 172,717,540 Increase (Decrease) in Net Position 61,535 2,543,440 2,604,975 Net Position Held in Trust For Pool Participants Beginning of Year 7,913,658 1,401,366 9,315,024 Net Position Held in Trust For Pool Participants End of Year 7,975,193 $ 3,944,806 $ 11,919,999 $ City and County of Butte-Silver Bow, Montana For the Fiscal Year Ended June 30, 2013 Trust Funds Combining Statement of Changes in Fiduciary Net Position 187 ---PAGE BREAK--- Balance Balance June 30, 2012 Additions Deductions June 30, 2013 Property Tax Fund Assets Cash and cash equivalents 1,110,342 $ 3,169,996 $ 2,573,718 $ 1,706,620 $ Investments 602,826 $ 1,511 $ - $ 604,337 $ Receivables 1,969,976 $ 26,952,382 $ 27,142,853 $ 1,779,505 $ Total Assets 3,683,144 $ 30,123,889 $ 29,716,571 $ 4,090,462 $ Liabilities Accounts payable 1,299,187 $ 959,726 $ 372,078 $ 1,886,835 $ Interest payable 236,115 $ 1,511 $ - $ 237,626 $ Intergovernmental payable: Due to special districts 110,723 $ 687,871 $ 715,018 $ 83,576 $ Due to state 535,102 $ 7,098,235 $ 7,010,594 $ 622,743 $ Due to schools 1,327,247 $ 17,378,321 $ 17,674,641 $ 1,030,927 $ Due to component unit 33,801 $ 263,210 $ 246,852 $ 50,159 $ Due to cities and towns 140,970 $ 2,793,551 $ 2,755,924 $ 178,597 $ Total Liabilities 3,683,144 $ 29,182,425 $ 28,775,107 $ 4,090,462 $ Balance Balance School District Trust Fund June 30, 2012 Additions Deductions June 30, 2013 Assets Cash and cash equivalents 21,896,742 $ 218,796,140 $ 221,242,317 $ 19,450,565 $ Liabilities Due to schools 21,896,742 $ 218,796,140 $ 221,242,317 $ 19,450,565 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Statement of Changes in Fiduciary Assets and Liabilities 188 ---PAGE BREAK--- Balance Balance Fees & Judgments Due to State June 30, 2012 Additions Deductions June 30, 2013 Assets Cash and cash equivalents 382,544 $ 14,069,023 $ 13,775,666 $ 675,901 $ Accounts receivable 197 $ - $ 197 $ - $ Total Assets 382,741 $ 14,069,023 $ 13,775,863 $ 675,901 $ Liabilities Due to state 382,741 $ 14,069,023 $ 13,775,863 $ 675,901 $ Balance Balance Tax Deed Land & Redemption Fund June 30, 2012 Additions Deductions June 30, 2013 Assets Cash and cash equivalents 947 $ 134,943 $ 129,491 $ 6,399 $ Contracts receivable 5,645 $ 118,281 $ 110,269 $ 13,657 $ Land acquired by tax deed 229,726 $ - $ - $ 229,726 $ Total Assets 236,318 $ 253,224 $ 239,760 $ 249,782 $ Liabilities Accounts payable 235,464 $ 142,255 $ 134,243 $ 243,476 $ Vouchers payable 854 $ 19,328 $ 13,876 $ 6,306 $ Total Liabilities 236,318 $ 161,583 $ 148,119 $ 249,782 $ Balance Balance Butte-Silver Bow Trust Funds June 30, 2012 Additions Deductions June 30, 2013 Assets Cash and cash equivalents 104,674 $ 48,818 $ 13,534 $ 139,958 $ Investments 390,719 $ 980 $ - $ 391,699 $ Total Assets 495,393 $ 49,798 $ 13,534 $ 531,657 $ Liabilities Accounts payable 495,322 $ 48,987 $ 13,067 $ 531,242 $ Vouchers payable 71 $ 811 $ 467 $ 415 $ Total Liabilities 495,393 $ 49,798 $ 13,534 $ 531,657 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Statement of Changes in Fiduciary Assets and Liabilities 189 ---PAGE BREAK--- Balance Balance PRP Group Trust Funds June 30, 2012 Additions Deductions June 30, 2013 Assets Cash and cash equivalents 20,840 $ - $ - $ 20,840 $ Liabilities Due to others 20,840 $ - $ - $ 20,840 $ For the Fiscal Year Ended June 30, 2013 City and County of Butte-Silver Bow, Montana Statement of Changes in Fiduciary Assets and Liabilities 190 ---PAGE BREAK--- Contents Exhibits Financial Trends I - XIIA Exhibits Page I Government-wide Net Position by Category 192 IA Chart-Government-wide Net Position by Category 193 II Changes in Net Position - Governmental Activities 194 III Changes in Net Position - Governmental Activities - Percentage of Total 195 IV Changes in Net Position - Business-type Activities 196 V Changes in Net Position - Business-type Activities - Percentage of Total 197 VI Changes in Net Position - Total 198 VII Tax Revenues by Source - Governmental Funds 199 VIIA Chart-Tax Revenues by Source - Governmental Funds 200 VIII Fund Balances - Governmental Funds Fiscal Years 2004 - 2010 201 VIIIA Fund Balances - Governmental Funds Fiscal Years 2011 - 2013 202 IX General Governmental Revenues by Source (Unaudited) 203 X General Governmental Expenditures by Function (Unaudited) 204 XI General Governmental Current Expenditures by Function (Unaudited) 205 XII Changes in Fund Balances - Governmental Funds 206 XIIA Chart-Changes in Fund Balances - Governmental Funds 207 Revenue Capacity XIII - XVI Exhibits Page XIII Assessed Market Value 208 XIV Direct and Overlapping Property Tax Rates 209 XV Principal Property Taxpayers 210 XVI Property Tax Levies and Collections 211 Debt Capacity XVII - XXI Exhibits Page XVII Ratios of Total Debt Oustanding by Type 212 XVIII Ratio of General Bonded Debt Outstanding 213 XIX Governmental Activities Direct and Overlapping Debt 214 XX Legal Debt Margin 215 XXI Schedule of Revenue Bond Coverage 216 Demographic and Economic Information XXII - XXIII Exhibits Page XXII Demographic and Economic Statistics 217 XXIII Top Twenty Private Employers 218 Operating Information XXIV - XXVI Exhibits Page XXIV Full-time Equivalent Employees by Function 219 XXV Operating Indicators by Function/Program 220 XXVI Capital Asset and Infastructure Statistics by Function/Program 221 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. 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 191 ---PAGE BREAK--- Exhibit I June 30, 2004 June 30, 2005 June 30, 2006 June 30, 2007 June 30, 2008 June 30, 2009 June 30, 2010 June 30,2011 June 30,2012 June 30,2013 Governmental Activities Net ivestment in capital assets3 (8,224,231) $ (4,973,943) $ (1,301,770) $ 37,880,187 $ 38,272,244 $ 38,442,287 $ 47,028,355 $ 50,401,892 57,219,300 63,076,268 Restricted 7,631,881 6,760,614 8,542,508 5,052,725 6,363,688 8,445,945 9,159,399 48,008,881 50,344,473 56,913,460 Unrestricted 31,141,617 32,703,998 33,877,440 43,817,437 46,260,401 46,805,978 40,833,029 3,258,886 3,665,055 7,192,230 Subtotal Governmental Activities Net Position 30,549,267 34,490,669 41,118,178 86,750,349 90,896,333 93,694,210 97,020,783 101,669,659 111,228,828 127,181,958 Business-type Activities Net ivestment in capital assets 31,528,695 $ 34,731,910 $ 38,249,353 $ 39,663,322 43,757,726 50,181,875 55,900,034 65,748,260 76,568,957 80,412,219 Restricted 6,382,764 6,928,035 9,029,159 8,087,767 8,235,735 3,392,346 2,903,981 1,887,333 1,751,107 2,086,667 Unrestricted 14,403,197 12,942,030 10,742,308 13,340,494 12,651,209 15,614,520 15,100,428 13,983,687 13,003,185 9,996,531 Subtotal Business-type Activities Net Position 52,314,656 54,601,975 58,020,820 61,091,583 64,644,670 69,188,741 73,904,443 81,619,280 91,323,249 92,495,417 Primary Government Net ivestment in capital assets 23,304,464 29,757,967 36,947,583 77,543,509 82,029,970 88,624,162 102,928,389 116,150,152 133,788,257 143,488,487 Restricted 14,014,645 13,688,649 17,571,667 13,140,492 14,599,423 11,838,291 12,063,380 49,896,214 52,095,580 59,000,127 Unrestricted 45,544,814 45,646,028 44,619,748 57,157,931 58,911,610 62,420,498 55,933,457 17,242,573 16,668,240 17,188,761 Total Primary Government Net Position 82,863,923 $ 89,092,644 $ 99,138,998 $ 147,841,932 $ 155,541,003 $ 162,882,951 $ 170,925,226 $ 183,288,939 $ 202,552,077 $ 219,677,375 $ June 30, 2004 June 30, 2005 June 30, 2006 June 30, 2007 June 30, 2008 June 30, 2009 June 30, 2010 June 30,2011 June 30,2012 June 20,2013 Governmental Activities Net ivestment in capital assets3 -26.9% -14.4% -3.2% 43.7% 42.1% 41.0% 48.5% 49.6% 51.4% 49.6% Restricted 25.0% 19.6% 20.8% 5.8% 7.0% 9.0% 9.4% 47.2% 45.3% 44.7% Unrestricted 101.9% 94.8% 82.4% 50.5% 50.9% 50.0% 42.1% 3.2% 3.3% 5.7% Subtotal Governmental Activities Net Position 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Business-type Activities Net ivestment in capital assets 60.3% 63.6% 65.9% 64.9% 67.7% 72.5% 75.6% 80.6% 83.8% 86.9% Restricted 12.2% 12.7% 15.6% 13.2% 12.7% 4.9% 3.9% 2.3% 1.9% 2.3% Unrestricted 27.5% 23.7% 18.5% 21.8% 19.6% 22.6% 20.4% 17.1% 14.2% 10.8% Subtotal Business-type Activities Net Position 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Primary Government Net ivestment in capital assets 28.1% 33.4% 37.3% 52.5% 52.7% 54.4% 60.2% 63.4% 66.1% 65.3% Restricted 16.9% 15.4% 17.7% 8.9% 9.4% 7.3% 7.1% 27.2% 25.7% 26.9% Unrestricted 55.0% 51.2% 45.0% 38.7% 37.9% 38.3% 32.7% 9.4% 8.2% 7.8% Total Primary Government Net Position 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Notes: (accrual basis of accounting) 2 Accounting standards require that net position be reported in three components in the financial statements: invested in capital assets, net of related debt; restricted; and unrestricted. Net position is 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. 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 position. City and County of Butte-Silver Bow, Montana Government-wide Net Position by Category 2 Last Ten Fiscal Years 192 ---PAGE BREAK--- 30,549,267 34,490,669 41,118,178 86,750,349 90,896,333 93,694,210 97,020,783 101,669,659 111,228,828 127,181,958 52,314,656 54,601,975 58,020,820 61,091,583 64,644,670 69,188,741 73,904,443 81,619,280 91,323,249 92,495,417 0 20000000 40000000 60000000 80000000 100000000 120000000 140000000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Governmental Activities Business‐type Activities 193 ---PAGE BREAK--- Exhibit II Source 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Expenses: General government 8,409,683 $ 9,194,426 $ 9,840,663 $ 9,827,805 $ 10,226,319 $ 10,866,213 $ 12,091,322 $ 13,176,267 $ 12,901,775 16,309,194 Public safety 10,239,596 10,170,498 10,841,488 11,501,342 12,870,631 14,105,614 14,293,718 14,411,049 14,977,684 15,848,869 Public works 4,711,806 4,064,908 4,821,961 5,505,350 6,138,150 6,601,992 6,870,507 6,711,497 7,345,814 8,601,763 Public health 2,598,355 2,700,993 2,928,719 3,024,805 3,407,409 4,141,100 4,530,875 4,292,094 4,102,699 3,378,195 Social and economic services 195,594 179,827 202,267 201,839 216,137 236,774 237,155 248,113 267,919 269,670 Culture and recreation 2,133,316 2,179,222 2,287,724 2,509,329 2,729,001 2,815,238 2,993,172 3,393,276 3,481,491 3,729,018 Housing and community development 4,224,211 2,858,609 4,293,088 7,417,989 5,108,680 5,272,460 4,781,874 7,180,028 5,299,101 7,116,256 Interest and fiscal charges 2,813,359 2,622,195 2,401,422 2,211,530 2,131,812 2,167,905 2,072,750 1,597,707 1,602,014 1,242,890 Total Expenses 35,325,920 33,970,678 37,617,332 42,199,989 42,828,139 46,207,295 47,871,373 51,010,030 49,978,498 56,495,855 Program Revenues: Charges for services: General government 3,303,496 3,563,888 3,863,468 1,909,372 4,445,776 4,241,383 4,426,863 4,579,421 4,858,792 6,455,214 Public safety 1,520,777 1,215,863 1,391,633 1,307,795 1,053,947 1,134,235 1,089,915 1,079,128 1,079,128 30,879 Public works 1,957,266 1,385,091 1,367,840 6,547,889 367,210 140,185 114,812 125,918 125,918 363,144 Other activities 859,098 825,649 783,641 597,152 573,947 1,241,495 1,125,064 1,073,583 1,073,583 551,267 Operating grants and contributions 11,361,076 11,199,969 13,635,961 12,719,370 12,752,094 16,604,680 16,455,376 14,512,131 17,847,412 28,281,896 Capital grants and contributions 719,935 1,659,303 2,629,319 312,124 753,789 - - 4,678,246 4,182,411 3,123,752 Total Program Revenues 19,721,648 19,849,763 23,671,862 23,393,702 19,946,763 23,361,978 23,212,030 26,048,427 29,167,244 38,806,152 Net (Expense) Revenue (15,604,272) (14,120,915) (13,945,470) (18,806,287) (22,881,376) (22,845,317) (24,659,343) (24,961,603) (20,811,254) (17,689,703) General Revenues and Transfers In: Taxes: Property 20,057,184 16,387,508 18,382,499 22,622,589 23,056,407 22,661,639 26,272,299 26,787,812 27,827,222 30,637,108 Franchise 228,647 240,923 261,119 288,216 300,714 321,282 330,218 350,428 350,428 398,075 Motor fuel 706,957 685,844 668,036 665,350 656,136 643,665 - 625,158 643,505 643,614 Investment earnings 480,856 1,076,240 1,758,245 2,504,774 2,145,787 937,855 396,421 355,257 342,376 235,723 Miscellaneous 188,198 326,261 180,734 789,360 569,371 872,978 1,084,810 1,600,472 960,627 1,482,050 Transfers in 231,265 272,308 251,501 246,265 298,945 205,774 246,265 246,264 246,265 246,265 General Revenues and Transfers In: 21,893,107 18,989,084 21,502,134 27,116,554 27,027,360 25,643,193 28,330,013 29,965,391 30,370,423 33,642,835 Change in Net Position 6,288,835 $ 4,868,169 $ 7,556,664 $ 8,310,267 $ 4,145,984 $ 2,797,876 $ 3,670,670 $ 5,003,788 $ 9,559,169 15,953,132 Fiscal Year Ended June 30, City and County of Butte-Silver Bow, Montana Changes in Net position - Governmental Activities Last Ten Fiscal Years (accrual basis of accounting) 194 ---PAGE BREAK--- Exhibit III Source 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Expenses: General government 23.8% 27.1% 26.2% 23.3% 23.9% 23.5% 25.3% 25.8% 25.8% 28.9% Public safety 29.0% 29.9% 28.8% 27.3% 30.1% 30.5% 29.9% 28.3% 30.0% 28.1% Public works 13.3% 12.0% 12.8% 13.0% 14.3% 14.3% 14.4% 13.2% 14.7% 15.2% Public health 7.4% 8.0% 7.8% 7.2% 8.0% 9.0% 9.5% 8.4% 8.2% 6.0% Social and economic services 0.6% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% Culture and recreation 6.0% 6.4% 6.1% 5.9% 6.4% 6.1% 6.3% 6.7% 7.0% 6.6% Housing and community development 12.0% 8.4% 11.4% 17.6% 11.9% 11.4% 10.0% 14.1% 10.6% 12.6% Interest and fiscal charges 8.0% 7.7% 6.4% 5.2% 5.0% 4.7% 4.3% 3.1% 3.2% 2.2% Total Expenses 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Program Revenues: Charges for services: General government 16.8% 18.0% 16.3% 8.2% 22.3% 18.2% 19.1% 17.6% 16.7% 16.6% Public safety 7.7% 6.1% 5.9% 5.6% 5.3% 4.9% 4.7% 4.1% 3.7% 0.1% Public works 9.9% 7.0% 5.8% 28.0% 1.8% 0.6% 0.5% 0.5% 0.4% 0.9% Other activities 4.4% 4.2% 3.3% 2.6% 2.9% 5.3% 4.8% 4.1% 3.7% 1.4% Operating grants and contributions 57.6% 56.4% 57.6% 54.4% 63.9% 71.1% 70.9% 55.7% 61.2% 72.9% Capital grants and contributions 3.7% 8.4% 11.1% 1.3% 3.8% 0.0% 0.0% 18.0% 14.3% 8.0% Total Program Revenues 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% General Revenues and Transfers In: Taxes: Property 91.6% 86.3% 85.5% 83.4% 85.3% 88.4% 92.7% 89.4% 91.6% 91.1% Franchise 1.0% 1.3% 1.2% 1.1% 1.1% 1.3% 1.2% 1.2% 1.2% 1.2% Motor fuel 3.2% 3.6% 3.1% 2.5% 2.4% 2.5% 0.0% 2.1% 2.1% 1.9% Investment earnings 2.2% 5.7% 8.2% 9.2% 7.9% 3.7% 1.4% 1.2% 1.1% 0.7% Miscellaneous 0.9% 1.7% 0.8% 2.9% 2.1% 3.4% 3.8% 5.3% 3.2% 4.4% Transfers in 1.1% 1.4% 1.2% 0.9% 1.1% 0.8% 0.9% 0.8% 0.8% 0.7% General Revenues and Transfers In: 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Fiscal Year Ended June 30, City and County of Butte-Silver Bow, Montana Changes in Net Position - Governmental Activities - Percentage of Total Last Ten Fiscal Years (accrual basis of accounting) 195 ---PAGE BREAK--- Exhibit IV Source 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Expenses: Community facilities 136,777 $ 77,479 $ 93,005 $ 132,174 $ 550,183 $ 96,146 $ 84,988 $ 82,468 $ 63,155 $ 61,072 $ Home health 455,989 452,745 455,245 478,038 463,873 477,407 455,141 431,861 481,204 444,272 Small business incubator 148,147 153,460 166,836 163,866 159,863 145,363 159,511 155,872 138,603 132,124 Water utility division 6,477,498 6,614,912 6,780,770 6,860,855 7,144,643 7,105,960 7,148,937 7,763,105 7,894,275 8,607,362 Metro sewer operations 2,945,589 3,144,561 3,342,055 3,451,722 3,447,702 3,415,305 3,458,844 3,686,853 3,853,671 3,978,771 Solid waste 1,710,038 1,773,813 1,807,043 1,847,420 2,096,777 2,027,230 2,181,947 2,170,407 2,352,772 2,510,707 Silver lake water system 371,617 560,408 509,674 325,308 229,247 237,431 228,506 416,201 198,485 263,678 Water distribution systems improvements 256,670 - - - - - - - - - Storm Water System Project - - - - - - - - 91,693 140,020 MSE-TA mariah project 25,467 482,537 - - - - - - - - MR infrastructure project 134,063 152,510 120,197 94,298 94,107 94,806 92,681 92,680 92,680 92,681 Total Expenses 12,661,855 13,412,425 13,274,825 13,353,681 14,186,395 13,599,648 13,810,555 14,799,447 15,166,538 16,230,687 Program Revenues: Charges for services: Water utility division 6,901,705 $ 6,581,500 $ 7,013,614 $ 7,022,225 7,091,827 7,102,346 6,802,722 6,107,699 7,248,235 8,098,141 Metro sewer operations 3,233,383 3,129,620 3,139,392 3,136,061 3,129,455 3,126,532 3,144,573 2,993,824 4,669,526 4,705,056 Solid waste 2,320,635 2,445,974 2,362,245 2,460,317 2,618,059 2,478,040 2,698,390 2,941,414 2,259,390 2,189,640 Other activities 1,752,888 1,960,876 1,938,562 1,800,880 868,096 750,527 727,752 1,259,049 774,766 783,291 Silver lake water system - - - - - - - - 1,045,280 92,808 Operating grants and contributions 198,146 244,340 15,425 1,196,557 3,246,789 4,418,961 5,117,876 230 230 3,415 Capital grants and contributions 1,168,842 1,302,889 1,763,404 - - - - 8,678,630 8,328,536 1,259,602 Total Program Revenues 15,575,599 15,665,199 16,232,642 15,616,040 16,954,226 17,876,406 18,491,313 21,980,846 24,325,963 17,131,953 Net (Expense) Revenue 2,913,744 2,252,774 2,957,817 2,262,359 2,767,831 4,276,758 4,680,758 7,181,399 9,159,425 901,266 General Revenues and Transfers : Restricted investment earnings 137,738 234,081 684,335 889,296 725,949 258,092 50,062 42,948 38,508.00 35,654.00 Miscellaneous 164,258 72,772 28,194 165,373 358,252 214,997 231,147 736,754 752,138.00 481,513.00 Transfers (231,265) (272,308) (251,501) (246,265) (298,945) (205,774) (246,265) (246,264) (246,265.00) (246,265.00) Total General Revenues and Transfers 70,731 34,545 461,028 808,404 785,256 267,315 34,944 533,438 544,381 270,902 Change in Net Position 2,984,475 $ 2,287,319 $ 3,418,845 $ 3,070,763 $ 3,553,087 $ 4,544,073 $ 4,715,702 $ 7,714,837 $ 9,703,806 $ 1,172,168 $ City and County of Butte-Silver Bow, Montana Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year Ended June 30, Changes in Net Position - Business-type Activities 196 ---PAGE BREAK--- Exhibit V Source 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Expenses: Community facilities 1.1% 0.6% 0.7% 1.0% 3.9% 0.7% 0.6% 0.6% 0.4% 0.38% Home health 3.6% 3.4% 3.4% 3.6% 3.3% 3.5% 3.3% 2.9% 3.2% 2.74% Small business incubator 1.2% 1.1% 1.3% 1.2% 1.1% 1.1% 1.2% 1.1% 0.9% 0.81% Water utility division 51.2% 49.3% 51.1% 51.4% 50.4% 52.3% 51.8% 52.5% 52.1% 53.03% Metro sewer operations 23.3% 23.4% 25.2% 25.8% 24.3% 25.1% 25.0% 24.9% 25.4% 24.51% Solid waste 13.5% 13.2% 13.6% 13.8% 14.8% 14.9% 15.8% 14.7% 15.5% 15.47% Silver lake water system 2.9% 4.2% 3.8% 2.4% 1.6% 1.7% 1.7% 2.8% 1.3% 1.62% Water distribution systems improvements 2.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00% Storm Water System Project 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.6% 0.86% MSE-TA mariah project 0.2% 3.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00% MR infrastructure project 1.0% 1.2% 0.9% 0.7% 0.6% 0.6% 0.6% 0.6% 0.6% 0.57% Total Expenses 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.00% Program Revenues: Charges for services: Water utility division 44.3% 42.0% 43.2% 45.0% 41.8% 39.7% 36.8% 27.8% 29.8% 47.27% Metro sewer operations 20.8% 20.0% 19.3% 20.1% 18.5% 17.5% 17.0% 13.6% 19.2% 27.46% Solid waste 14.9% 15.6% 14.6% 15.8% 15.4% 13.9% 14.6% 13.4% 9.3% 12.78% Other activities 11.3% 12.5% 11.9% 11.5% 5.1% 4.2% 3.9% 5.7% 3.2% 4.57% Silver lake water system 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 4.3% 0.54% Operating grants and contributions 1.3% 1.6% 0.1% 7.7% 19.2% 24.7% 27.7% 0.0% 0.0% 0.02% Capital grants and contributions 7.4% 8.3% 10.9% 0.0% 0.0% 0.0% 0.0% 39.5% 34.2% 7.35% Total Program Revenues 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.00% Fiscal Year Ended June 30, Changes in Net Position - Business-type Activities - Percentage of Total Last Ten Fiscal Years (accrual basis of accounting) City and County of Butte-Silver Bow, Montana 197 ---PAGE BREAK--- Exhibit VI Source 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Expenses: Governmental activities 2 35,325,920 $ 33,970,678 $ 37,617,332 $ 42,199,989 $ 42,828,139 $ 46,207,295 $ 47,871,373 $ 51,010,030 $ 49,978,498 $ 56,495,855 Business-type activities 3 12,661,855 13,412,425 13,274,825 13,353,681 14,186,395 13,599,648 13,810,555 14,799,447 15,166,538 16,230,687 Total Expenses 47,987,775 47,383,103 50,892,157 55,553,670 57,014,534 59,806,943 61,681,928 65,809,477 65,145,036 72,726,542 Program Revenues: Governmental activities 2 19,721,648 19,849,763 23,671,862 23,393,702 19,946,763 23,361,978 23,212,030 26,048,427 29,167,244 38,806,152 Business-type activities 3 15,575,599 15,665,199 16,232,642 15,616,040 16,954,226 17,876,406 18,491,313 21,980,846 24,326,126 17,131,953 Total Program Revenues 35,297,247 35,514,962 39,904,504 39,009,742 36,900,989 41,238,384 41,703,343 48,029,273 53,493,370 55,938,105 Net (Expense) Revenue (12,690,528) (11,868,141) (10,987,653) (16,543,928) (20,113,545) (18,568,559) (19,978,585) (17,780,204) (11,651,666) (16,788,437) General Revenues and Transfers: Governmental activities 2 21,893,107 18,989,084 21,502,134 27,116,554 27,027,360 25,643,193 28,330,013 29,965,391 30,370,423 33,642,835 Business-type activities 3 70,731 34,545 461,028 808,404 785,256 267,315 34,944 533,438 544,381 270,902 Total General Revenues and Transfers 21,963,838 19,023,629 21,963,162 27,924,958 27,812,616 25,910,508 28,364,957 30,498,829 30,914,804 33,913,737 Change in Net Position 9,273,310 $ 7,155,488 $ 10,975,509 $ 11,381,030 $ 7,699,071 $ 7,341,949 $ 8,386,372 $ 12,718,625 $ 19,263,138 $ 17,125,300 Data Source: City and County of Butte-Silver Bow, Montana 3 See Exhibit IV 2 See Exhibit II Fiscal Year Ended June 30, Changes in Net Posityion - Total Last Ten Fiscal Years (accrual basis of accounting) 198 ---PAGE BREAK--- Exhibit VII Fiscal Year Motor Ended June 30, Property Franchise Fuel Total 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 22,661,639 321,282 643,665 23,626,586 2010 26,272,299 330,218 631,574 26,602,517 2011 26,787,812 350,428 625,158 27,763,398 2012 27,827,222 350,428 643,505 28,821,155 2013 30,637,108 398,075 643,614 31,678,797 Percentage Change In Dollars Over 10 Years ago 52.7% 74.1% -9.0% 50.9% Fiscal Year Motor Ended June 30, Property Franchise Fuel Total 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 95.9% 1.4% 2.7% 100.0% 2010 98.8% 1.2% 2.4% 100.0% 2011 96.5% 1.3% 2.3% 100.0% 2012 96.6% 1.2% 2.2% 100.0% 2013 96.7% 1.3% 2.0% 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 199 ---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 $35,000,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Fiscal Year Motor Fuel Taxes Franchise Taxes Property Taxes 200 ---PAGE BREAK--- Exhibit VIII 2004 2005 2006 2007 2008 2009 2010 General Fund Reserved - $ 1,010,921 $ 1,301,210 $ 1,374,435 $ 1,850,364 $ 2,146,461 $ 1,869,470 $ Unreserved 7,069,850 4,839,324 4,922,303 5,100,825 4,583,046 4,193,244 4,606,908 Subtotal General Fund 7,069,850 5,850,245 6,223,513 6,475,260 6,433,410 6,339,705 6,476,378 General Fund Percentage Change 8.1% -17.3% 6.4% 4.0% -0.6% -1.5% 2.2% All Other Governmental Funds Reserved 7,631,881 7,740,375 9,949,927 8,464,836 10,151,918 11,988,488 14,031,410 Unreserved Special Revenue Funds1 19,358,505 21,043,519 20,901,824 28,613,794 29,235,044 27,031,863 24,767,997 Debt Service Funds - - - - - - - Capital Projects Fund 4,464,972 4,220,666 4,287,624 4,375,157 4,351,734 9,754,832 5,320,398 Subtotal All Other Governmental Funds 31,455,358 33,004,560 35,139,375 41,453,787 43,738,696 48,775,183 44,119,805 Total Governmental Funds Reserved 7,631,881 8,751,296 11,251,137 9,839,271 12,002,282 14,134,949 15,900,880 Unreserved 30,893,327 30,103,509 30,111,751 38,089,776 38,169,824 40,979,939 34,695,303 Total Governmental Funds 38,525,208 $ 38,854,805 $ 41,362,888 $ 47,929,047 $ 50,172,106 $ 55,114,888 $ 50,596,183 $ All Governmental Funds Percentage Change -13.4% 0.9% 6.5% 15.9% ₁ 4.7% 9.9% -8.2% Notes: ₁ In fiscal year 2007, the City and County received a $5 million contribution from ARCO, which was unspent at June 30, 2007. ₂ The City and County implemented GASB Statement No. 54 in fiscal year 2011, therefore the fund balances for 2011 - 2013 are presented on a subsequent table. Data Source: Applicable years' comprehensive annual financial report. City and County of Butte-Silver Bow, Montana Fund Balances - Governmental Funds Fiscal Years 2004 - 2010 ₂ (modified accrual basis of accounting) For Fiscal Year Ending June 30, 201 ---PAGE BREAK--- Exhibit VIIIA 2011 2012 2013 General Fund Restricted 1,472,578 $ 1,688,036 $ 556,878 $ Unassigned 4,870,939 4,473,581 5,533,497 Total General Fund 6,343,517 6,161,617 6,090,375 General Fund Percentage Change -2.1% -2.9% -1.2% All Other Governmental Funds Restricted Special Revenue Funds 39,268,276 42,739,475 50,845,614 Debt Service Funds 2,168,637 2,814,405 2,582,468 Capital Projects Funds 5,099,390 3,102,557 2,928,500 Assigned Special Revenue Funds 298,714 329,012 3,745,485 Debt Service Funds 347,638 211,422 215,295 Capital Projects Funds 146,139 338,050 332,239 Unassigned Special Revenue Funds (1,344,413) (489,205) (1,518,293) Subtotal All Other Governmental Funds 45,984,381 49,045,716 59,131,308 All Other Governmental Funds Percentage Change 4.2% 6.7% 20.6% Total Governmental Funds Restricted 48,008,881 50,344,473 56,913,460 Assigned 792,491 878,484 4,293,019 Unassigned 3,526,526 3,984,376 4,015,204 Total Governmental Funds 52,327,898 $ 55,207,333 $ 65,221,683 $ All Governmental Funds Percentage Change 3.4% 5.5% 18.1% Notes: The County implemented GASB Statement No. 54 in fiscal year 2011. ₁ In fiscal year 2013, the City and County received a $9.75 million contribution from ARCO, which was unspent at June 30, 2013. Data Source: Applicable years' comprehensive annual financial report. City and County of Butte-Silver Bow, Montana Fund Balances - Governmental Funds Last Three Fiscal Years (modified accrual basis of accounting) June 30, 202 ---PAGE BREAK--- Exhibit IX Source 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Revenues: Taxes 20,443,558 $ 16,542,024 $ 17,926,699 $ 21,278,904 $ 21,626,722 $ 24,857,438 $ 25,497,819 $ 27,298,789 $ 28,089,986 $ 11,230,358 Licenses and permits 658,653 713,484 774,343 805,522 877,399 830,666 928,139 915,665 908,840 0 Intergovernmental 8,159,347 8,549,685 9,368,620 7,399,545 9,000,547 11,171,822 10,212,639 11,683,405 12,490,588 7,149,270 Charges for services 2,156,006 1,786,644 2,065,963 4,943,359 5,220,217 5,615,561 5,483,436 5,688,730 6,065,730 918,533 Fines and forfeitures 815,727 671,442 604,964 582,229 643,978 632,353 675,297 604,083 513,279 82,814 Special assessments 1,180,835 1,245,539 1,181,701 1,259,772 1,306,335 1,287,271 1,375,779 1,383,897 1,271,343 1,318,172 Health insurance contributions 2,318,251 2,612,512 2,842,499 2,895,136 3,175,460 3,213,761 3,295,629 3,276,856 3,746,273 3,798,277 Other grants and donations 709,832 829,506 1,589,605 6,840,412 703,469 1,370,834 1,683,976 3,518,458 5,118,977 4,561,636 Letter of credit in lieu of taxes 955,116 867,569 2,503,021 260,560 352,075 - - - - - Investment earnings 480,857 1,076,240 1,758,247 2,504,774 2,145,787 937,855 396,421 355,257 342,376 192,274 Miscellaneous 223,945 335,503 225,007 378,402 567,440 809,217 1,080,856 1,591,208 994,491 719,553 Total Revenues 38,102,127 35,230,148 40,840,669 49,148,615 45,619,430 50,726,778 50,629,991 56,316,348 59,541,883 29,970,887 % change from prior year 1.8% -7.5% 15.9% 20.3% -7.2% 11.2% -0.2% 11.2% 5.7% -49.7% Taxes 53.7% 47.0% 43.9% 43.3% 47.4% 49.0% 50.4% 48.5% 47.2% 37.47% Licenses and permits 1.7% 2.0% 1.9% 1.6% 1.9% 1.6% 1.8% 1.6% 1.5% 0.00% Intergovernmental 21.4% 24.3% 22.9% 15.1% 19.7% 22.0% 20.2% 20.7% 21.0% 23.85% Charges for services 5.7% 5.1% 5.1% 10.1% 11.4% 11.1% 10.8% 10.1% 10.2% 3.06% Fines and forfeitures 2.1% 1.9% 1.5% 1.2% 1.4% 1.2% 1.3% 1.1% 0.9% 0.28% Special assessments 3.1% 3.5% 2.9% 2.6% 2.9% 2.5% 2.7% 2.5% 2.3% 4.40% Health insurance contributions 6.1% 7.4% 7.0% 5.9% 7.0% 6.3% 6.5% 5.8% 6.3% 12.67% Other grants and donations 1.9% 2.4% 3.9% 13.9% 1.5% 2.7% 3.3% 6.2% 8.6% 15.22% Letter of credit in lieu of taxes 2.5% 2.5% 6.1% 0.5% 0.8% 0.0% 0.0% 0.0% 0.0% 0.00% Investment earnings 1.3% 3.1% 4.3% 5.1% 4.7% 1.8% 0.8% 0.6% 0.6% 0.64% Miscellaneous 0.6% 1.0% 0.6% 0.8% 1.2% 1.6% 2.1% 2.8% 1.7% 2.40% Total revenues 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.2% 100.00% Notes: Data Source: (modified accrual basis of accounting) Applicable years' comprehensive annual financial report. 1 Includes all governmental fund For the Fiscal Year Ended June 30, City and County of Butte-Silver Bow, Montana General Governmental Revenues by Source (Unaudited) Last Ten Fiscal Years 203 ---PAGE BREAK--- Exhibit X Function 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Expenditures: Current: General government 7,562,354 $ 8,483,889 $ 8,953,630 $ 9,481,676 $ 10,018,640 $ 10,457,497 $ 11,458,574 $ 12,474,199 $ 12,287,148 $ 4,599,687 $ Public safety 9,978,594 9,699,778 10,197,642 10,876,965 12,311,497 13,161,267 12,997,523 13,509,599 14,156,543 5,294,683 Public works 4,473,862 4,174,413 4,576,959 4,866,008 5,413,879 5,777,139 5,878,676 5,853,713 6,289,553 6,672,796 Public health 2,553,622 2,680,162 2,890,485 3,010,363 3,423,381 4,078,925 4,398,727 4,314,569 4,089,051 2,103,996 Social and economic services 194,230 179,334 199,749 201,889 213,651 234,981 232,947 244,450 266,718 155,845 Culture and recreation 1,996,867 2,005,594 2,161,833 2,344,638 2,563,341 2,594,179 2,823,045 2,985,930 3,204,264 1,064,813 Housing and community development 2,932,454 1,564,992 2,998,699 5,409,237 3,083,104 3,218,235 2,637,652 4,977,792 3,134,041 2,346,374 Total Current 29,691,983 28,788,162 31,978,997 36,190,776 37,027,493 39,522,223 40,427,144 44,360,252 43,427,318 22,238,194 % Change From Prior Year 18.3% -3.0% 11.1% 13.2% 2.3% 6.7% 2.3% 9.7% -2.1% -48.8% Capital Outlay 8,611,622 2,486,879 3,373,209 3,911,062 2,430,736 9,009,423 9,109,766 6,025,536 13,594,069 6,816,016 % Change From Prior Year 42.8% -71.1% 35.6% 15.9% -37.8% 270.6% 1.1% -33.9% 125.6% -49.9% Debt Service2 Principal 8,157,860 6,147,031 5,668,811 3,069,620 3,047,950 2,777,083 3,730,440 4,082,022 2,527,347 2,775,510 Interest and fees 531,293 505,979 537,306 2,304,627 2,180,758 2,121,027 2,132,612 1,890,566 1,652,584 1,265,645 Bond issuance costs - - - - - 193,760 - 272,160 260,644 - Total Debt Service 8,689,153 6,653,010 6,206,117 5,374,247 5,228,708 5,091,870 5,863,052 6,244,748 4,440,575 4,041,155 % Change From Prior Year -7.9% -23.4% -6.7% -13.4% -2.7% -2.6% 15.1% 6.5% -28.9% -9.0% Total Expenditures 46,992,758 37,928,051 41,558,323 45,476,085 44,686,937 53,623,516 55,399,962 56,630,536 61,461,962 33,095,365 Debt Service as a % of Noncapital Expenditures 22.6% 18.8% 16.3% 12.9% 12.4% 11.0% 12.7% 11.8% 8.7% 15.4% Notes: Data Source: Applicable years' comprehensive annual financial report. 2 The classification between principal and interest is not available for fiscal years 1999-2006, City and County of Butte-Silver Bow, Montana General Governmental Expenditures by Function (Unaudited) 1 Last Ten Fiscal Years (modified accrual basis of accounting) For the Fiscal Year Ended June 30, 1 Includes all governmental fund types. 204 ---PAGE BREAK--- Exhibit XI Function 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Expenditures: Current: General government 7,562,354 $ 8,483,889 $ 8,953,630 $ 9,481,676 $ 10,018,640 $ 10,457,497 $ 11,458,574 $ 12,474,199 $ 12,287,148 $ 4,599,687 $ Public safety 9,978,594 9,699,778 10,197,642 10,876,965 12,311,497 13,161,267 12,997,523 13,509,599 14,156,543 5,294,683 Public works 4,473,862 4,174,413 4,576,959 4,866,008 5,413,879 5,777,139 5,878,676 5,853,713 6,289,553 6,672,796 Public health 2,553,622 2,680,162 2,890,485 3,010,363 3,423,381 4,078,925 4,398,727 4,314,569 4,089,051 2,103,996 Social and economic services 194,230 179,334 199,749 201,889 213,651 234,981 232,947 244,450 266,718 155,845 Culture and recreation 1,996,867 2,005,594 2,161,833 2,344,638 2,563,341 2,594,179 2,823,045 2,985,930 3,204,264 1,064,813 Housing and community development 2,932,454 1,564,992 2,998,699 5,409,237 3,083,104 3,218,235 2,637,652 4,977,792 3,134,041 2,346,374 Total Current 29,691,983 $ 28,788,162 $ 31,978,997 $ 36,190,776 $ 37,027,493 $ 39,522,223 $ 40,427,144 $ 44,360,252 $ 43,427,318 $ 22,238,194 $ Current: General government 25.5% 29.5% 28.0% 26.2% 27.1% 26.5% 28.3% 28.1% 28.3% 20.7% Public safety 33.6% 33.7% 31.9% 30.1% 33.2% 33.3% 32.2% 30.5% 32.6% 23.8% Public works 15.1% 14.5% 14.3% 13.4% 14.6% 14.6% 14.5% 13.2% 14.5% 30.0% Public health 8.6% 9.3% 9.0% 8.3% 9.2% 10.3% 10.9% 9.7% 9.4% 9.5% Social and economic services 0.7% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.6% 0.7% Culture and recreation 6.7% 7.0% 6.8% 6.5% 6.9% 6.6% 7.0% 6.7% 7.4% 4.8% Housing and community development 9.9% 5.4% 9.4% 14.9% 8.3% 8.1% 6.5% 11.2% 7.2% 10.6% Total Current 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% (modified accrual basis of accounting) For the Fiscal Year Ended June 30, City and County of Butte-Silver Bow, Montana General Governmental Current Expenditures by Function (Unaudited) 1 Last Ten Fiscal Years 205 ---PAGE BREAK--- Exhibit XII 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Total Revenues - Exhibit IX 38,102,127 $ 35,230,148 $ 40,840,669 $ 49,148,615 $ 45,619,430 $ 50,726,778 $ 50,629,991 $ 56,316,348 $ 59,541,883 $ 29,970,887 $ Total Expenditures - Exhibit X 46,992,758 37,928,051 41,558,323 45,476,085 44,686,937 53,623,516 55,399,962 56,630,536 61,461,962 33,095,365 Excess (Deficiency) of Revenues Over (Under) Expenditures (8,890,631) (2,697,903) (717,654) 3,672,530 932,493 (2,896,738) (4,769,971) (314,188) (1,920,079) (3,124,478) Other Financing Sources (Uses) Installment contract inception - - - - - - - - - - Tax increment bonds issued - - - - - - - 13,705,000 4,050,000 - General obligation bonds issued - - - - 978,554 7,500,000 - - 9,505,000 799,294 Bond premiums - - - - - 124,635 - - 355,770 - General obligation notes issues - - - 1,432,989 33,067 - - - - - Insurance reimbursement - - - 96,663 - 9,110 3,000 - 2,482 - Special improvement district - - - bonds issued 400,000 - - - - - - - - - Payment to refunding bond escrow agent - - - - - - - (11,655,000) (9,721,820) - Advance letter of credit - - - - - - - - - - Sale of capital assets - 25,612 - - - - 2,000 104,550 - - Transfers in 13,056,293 6,324,257 5,837,567 10,173,684 6,340,104 6,918,720 6,979,676 7,479,978 5,084,279 5,174,467 Transfers out (12,825,028) (5,934,880) (5,454,329) (9,997,919) (6,041,159) (6,712,946) (6,733,411) (7,233,714) (4,838,014) (2,055,259) Total Other Financing Sources (Uses) 631,265 414,989 383,238 1,705,417 1,310,566 7,839,519 251,265 2,400,814 4,437,697 3,918,502 Net Change in Fund Balances (8,259,366) $ (2,282,914) $ (334,416) $ 5,377,947 $ 2,243,059 $ 4,942,781 $ (4,518,706) $ 2,086,626 $ 2,517,618 $ 794,024 $ Data Source: Applicable years' comprehensive annual financial report. City and County of Butte-Silver Bow, Montana Changes in Fund Balances - Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) 206 ---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) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 ‐10,000,000 ‐8,000,000 ‐6,000,000 ‐4,000,000 ‐2,000,000 0 2,000,000 4,000,000 6,000,000 8,000,000 1 2 3 4 5 6 7 8 9 10 Fiscal Year Series1 Series2 207 ---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 2004 2003 1,522,233,956 10,397,595 28,527,746 1,255 47,796,617 1,513,363,935 219.00 2005 2004 1,317,164,163 11,041,565 29,773,087 2,260 50,317,847 1,307,663,228 223.62 2006 2005 1,560,551,015 10,199,975 28,719,197 94,240 53,134,397 1,546,430,030 242.54 2007 2006 1,817,623,590 10,939,722 29,215,183 65,375 58,140,238 1,799,703,632 255.20 2008 2007 1,994,573,633 10,388,921 31,971,153 76,284 59,146,227 1,977,863,764 302.27 2009 2008 2,104,765,106 10,373,592 36,058,107 72,795 64,113,888 2,087,155,712 298.00 2010 2009 2,647,331,033 10,001,273 35,204,322 72,798 78,211,071 2,614,398,355 296.66 2011 2010 2,484,377,269 9,697,511 39,178,191 50,229 84,798,691 2,448,504,509 349.84 2012 2011 2,164,702,570 9,155,794 40,245,654 63,925 93,796,301 2,120,371,642 351.28 2013 2012 2,247,995,319 8,784,542 40,912,963 104,278 160,655,750 2,137,141,352 375.25 47.7% -15.5% 43.4% 8209.0% 236.1% 41.2% 71.3% 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% 2010 2009 98.3% 0.4% 1.3% 0.0% 100.0% 2011 2010 98.1% 0.4% 1.5% 0.0% 100.0% 2012 2011 97.8% 0.4% 1.8% 0.0% 100.0% 2013 2012 97.8% 0.4% 1.8% 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 2004 to 2013 City and County of Butte-Silver Bow, Montana Assessed Market Value Last Ten Fiscal Years 208 ---PAGE BREAK--- Exhibit XIV Fiscal Debt Debt Special Year Operating Service Total Operating Service Total Districts 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 278.24 18.42 296.66 367.66 1.00 368.66 25.26 2010 320.67 29.17 349.84 353.80 15.32 369.12 25.39 2011 322.67 28.61 351.28 332.36 13.43 345.79 23.60 2012 350.65 24.60 375.25 332.71 2.16 334.87 41.84 2013 343.24 28.24 371.48 363.06 2.46 365.52 39.98 % Change From 2004-2013 62.5% 127.0% 66.1% 10.9% -83.5% 6.8% 72.8% 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 2 209 ---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 Montana Resources, Inc. 14,106,619 $ 1 20.19% Northwestern Energy 1 19,182,480 $ 1 30.21% Northwestern Energy 1 10,560,137 2 15.12% ASiMI 1 12,546,871 2 19.76% REC (Formerly ASiMI) 1 10,280,682 3 14.72% Qwest Corporation 1,070,529 3 1.69% Basin Creek Equity Partners, LLC 1,071,356 4 1.53% Montana Resources, Inc. 952,855 4 1.50% Qwest Corporation 857,780 5 1.23% Waterford 361,870 5 0.57% Praxair, Inc. - REC Affiliated 1 833,859 6 1.19% Wal-mart Real Estate Business 347,276 6 0.55% Bresnan Broadband 751,459 7 1.08% Hyman David L. & Anne Trustees 335,766 7 0.53% Verizon Wireless 398,999 8 0.57% Praxair, Inc. 1 321,074 8 0.51% Wal-mart Real Estate Business 282,346 9 0.40% TRI Touch America, Inc. 283,811 9 0.45% Hyman David L. & Anne Trustees 268,435 10 0.38% Wilder Resorts, Inc. 182,332 10 0.29% Total Principal Taxpayers 39,411,672 56.42% Total Principal Taxpayers 35,584,864 56.05% All Other Taxpayers 30,445,413 43.58% All Other Taxpayers 27,901,880 43.95% Total 69,857,085 $ 100.00% Total 63,486,744 $ 100.00% Notes: 1 Taxable valuation lies in whole or in part in the Uraban Revitalization District or Tax Increment Financing District. Data Source: City and County Tax Records 2013 2003 City and County of Butte-Silver Bow, Montana Principal Property Taxpayers Current Year and Ten Years Ago 210 ---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 Amount of Levy Amount of Levy 2004 19,945,357 17,444,786 87.46% 594,912 18,039,698 90.45% 1,905,659 9.55% 2005 17,794,594 13,878,313 77.99% 532,136 14,410,449 80.98% 3,384,145 19.02% 2006 16,449,191 14,960,052 90.95% 1,169,078 16,129,130 98.05% 320,061 1.95% 2007 20,507,320 18,344,207 89.45% 697,894 19,042,101 92.86% 1,465,219 7.14% 2008 20,946,106 18,649,250 89.03% 1,265,254 19,914,504 95.07% 1,031,602 4.93% 2009 21,268,467 20,258,669 95.25% 838,643 21,097,312 99.20% 171,155 0.80% 2010 24,293,595 22,425,319 92.31% 739,963 23,165,282 95.36% 1,128,313 4.64% 2011 26,019,644 23,679,327 91.01% 363,911 24,043,238 92.40% 1,976,406 7.60% 2012 25,949,206 24,512,204 94.46% 640,988 25,153,192 96.93% 796,014 3.07% 2013 40,693,555 39,123,831 96.14% - 39,123,831 96.14% 1,569,724 3.86% 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. 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 211 ---PAGE BREAK--- Exhibit XVII General Special Tax Increment Solid Percentage Debt Fiscal Obligation Assessment Capital Notes & Financing Water Waste Sewer Notes & of Personal Per Year Bonds 3 Bonds Leases Loans Bonds Bonds Bonds Bonds Loans Total Income2 Population2 Capita 2004 14,090,000 400,000 683,716 943,718 28,800,000 18,490,000 1,765,000 - 2,053,957 67,226,391 6.97% 33,038 2,035 2005 13,590,000 380,000 499,180 687,860 26,080,000 17,040,000 1,635,000 - 1,287,274 61,199,314 5.94% 32,076 1,908 2006 13,060,000 350,000 473,149 481,504 23,605,000 15,565,000 1,495,000 - 385,885 55,415,538 5.06% 32,982 1,680 2007 12,510,000 315,000 445,705 1,762,317 21,300,000 13,243,800 - - 78,130 49,654,952 4.27% 33,905 1,465 2008 12,887,058 280,000 416,774 1,512,861 19,200,000 11,751,863 - - 39,065 46,087,621 3.36% 32,486 1,419 2009 19,806,671 240,000 386,274 1,256,492 17,450,000 9,008,158 - - - 48,147,595 4.11% 32,602 1,477 2010 18,811,630 200,000 354,120 988,420 14,935,000 8,354,837 - - - 43,644,007 3.54% 32,949 1,325 2011 17,851,416 155,000 320,223 815,507 13,995,000 6,772,316 - - - 39,909,462 3.21% 34,234 1,166 2012 16,951,202 105,000 284,489 634,109 16,830,000 5,647,044 - 1,041,322 - 41,493,166 3.12% 34,383 1,207 2013 15,735,988 55,000 246,817 1,243,059 15,510,000 5,481,218 - - - 38,272,081 2.49% 34,403 1,112 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 212 ---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 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 2010 18,811,630 89,377 18,722,253 32,949 2,614,398,355 $ 0.72% 568 2011 17,851,416 163,220 17,688,196 34,234 2,448,504,509 $ 0.72% 517 2012 16,951,202 293,279 16,657,923 34,383 2,120,371,642 $ 0.79% 484 2013 15,735,988 89,887 15,646,101 34,403 2,137,141,352 $ 0.73% 455 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 213 ---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 16,155,668 Special assessment bonds 55,000 Tax increment bonds 15,510,000 Capital leases 246,817 Notes and loans 1,243,059 Total City and County Direct Debt 33,210,543 $ 100.0% 33,210,543 Total Direct and Overlapping Debt 33,210,543 $ 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, 2013 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. 214 ---PAGE BREAK--- Exhibit XX 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Legal Debt Margin Debt limit (2.5% of total assessed value) 26,865,022 $ 29,021,581 $ 38,500,598 $ 40,702,665 $ 49,237,905 $ 52,178,893 $ 65,359,959 $ 61,212,613 $ 53,009,291 $ 53,428,534 $ Net debt applicable to limit: 14,978,823 14,305,550 13,575,657 12,510,000 12,887,058 19,806,671 18,811,630 17,851,416 16,951,202 15,735,988 Legal debt margin 11,886,199 $ 14,716,031 $ 24,924,941 $ 28,192,665 $ 36,350,847 $ 32,372,222 $ 46,548,329 $ 43,361,197 $ 36,058,089 $ 37,692,546 $ As a percentage of debt limit 44.24% 50.71% 64.74% 69.26% 73.83% 62.04% 71.22% 70.84% 68.02% 70.55% 2,137,141,352 $ Debt limit (2.5% of total assessed value) 53,428,534 $ Total bonded debt 15,790,988 Less special assessement bonds (55,000) Total debt applicable to limitation 15,735,988 Total legal debt margin 37,692,546 $ Legal Debt Margin Calculation for Fiscal Year 2010 Total assessed value City and County of Butte-Silver Bow, Montana Legal Debt Margin Last Ten Fiscal Years Fiscal Year Ended June 30, 215 ---PAGE BREAK--- Less Net Revenue Fiscal Operating Operating Depreciation & Available for Times Year Revenues Expenses Amortization Debt Service Principal Interest Total Coverage 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 2,497,468 2,027,230 306,423 776,661 - - - - 2010 2,712,168 2,181,947 318,325 848,546 - - - - 2011 2,975,870 2,170,407 323,721 1,129,184 - - - - 2012 2,298,055 2,352,772 329,767 275,050 - - - - 2013 2,223,401 2,510,707 330,483 43,177 - - - - Less Net Revenue Fiscal Operating Operating Depreciation & Available for Times Year Revenues Expenses Amortization Debt Service Principal Interest Total Coverage 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 2010 6,904,199 6,867,426 2,582,629 2,619,402 1,580,000 274,425 1,854,425 1.41 2011 6,802,283 7,533,610 3,121,916 2,390,589 1,645,000 222,402 1,867,402 1.28 2012 7,664,876 7,716,837 3,170,978 3,119,017 1,690,000 170,228 1,860,228 1.68 2013 8,138,864 8,455,765 3,691,086 3,374,185 1,753,000 150,773 1,903,773 1.77 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 216 ---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 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% 2010 32,949 1,234,337 34,622 40,166 86% 42.5 4,328 5.7% 7.2% 9.8% 2011 34,234 1,244,179 34,828 39,635 88% 41.8 4,227 7.1% 7.0% 9.3% 2012 34,383 1,329,445 38,666 41,560 93% 39 4,246 6.2% 6.3% 8.2% 2013 34,403 1,535,776 44,641 43,735 102% 41.3 3,882 4.8% 5.4% 7.2% 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. 217 ---PAGE BREAK--- Exhibit XXIII COMPANY NAME PRODUCT OR SERVICE Acadia Montana Health Services Advanced Silicon Materials Polysilicon Production Aware, Inc. Human Services Butte Sheltered Workshop Retail Butte Convalescent Center Health Services Community Counseling & Correctional Service Adult Social Services Community Health Center Health Services Easter Seals - Goodwill Human Services Harrington Restaurant Supply Wholesale Human Resources Council Dist XII Human Services Lady of the Rockies Rehab and Living Center Human Services Montana Resources Mining Northwestern Energy Utilities Optimum Cable/Telecommunications Safeway Retail Silver House Human Services St. James Community Hospital Health Services Town Pump Retail/Fuel Services Wal-Mart Retail YMCA of Butte Fitness 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, 2013 218 ---PAGE BREAK--- Exhibit XXIV Function 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 General Government 248 256 187 201 195 199 200 207 203 227 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 46 41 41 44 44 44 47 48 47 47 Civilians 17 21 21 20 21 21 22 21 23 22 Detention Officers 18 25 26 27 27 27 27 28 27 28 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 31 30 30 32 32 32 31 30 30 32 Civilians 1 1 1 1 1 1 1 1 1 1 Highways and Streets Engineering 2 2 2 2 2 2 2 3 3 2 Maintenance 20 17 17 17 21 24 24 21 24 19 Sanitation 5 5 5 5 6 6 6 8 8 8 Culture and Recreation 8 7 7 10 8 8 8 8 10 10 Water 44 46 44 41 45 45 50 45 47 45 Sewer 27 27 27 25 28 28 26 27 29 27 Total 471 482 412 429 434 441 448 451 456 472 Percentage Change From Prior Year 0.0% 2.3% -14.5% 4.1% 1.2% 1.6% 1.6% 0.7% # 1.1% 3.5% As of June 30, City and County of Butte-Silver Bow, Montana Full-time Equivalent Employees by Function Last Ten Fiscal Years 219 ---PAGE BREAK--- Exhibit XXV Function 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Police Physical arrests 2,065 1,837 1,080 2,414 2,346 2,976 3,839 3,577 3,651 4,011 Parking violations 14,480 12,527 13,886 15,288 20,695 14,769 7,335 9,576 11,149 11,235 Traffic violations 5,502 3,958 2,589 4,273 5,195 5,401 4,350 3,848 3,461 3,864 Fire Inspections 149 152 168 125 117 132 177 185 243 230 Highway and streets Street resurfacing (miles) 2.9 2.9 2.9 4.0 3.5 4 6.8 6.1 22.9 4.3 Potholes repaired 1,400 1,400 1,400 1,500 2300 2500 2500 2800 2650 2497 Sanitation Refuse collected (tons/day) 190.18 238.30 207.77 219.93 232.77 233.43 176.59 207.34 208.43 178 Recyclables collected (tons/day) 22.27 25.37 25.31 23.49 27.26 24.56 20.92 21.43 18.94 17.84 Water Connections 11,950 11,953 11,983 11,971 12,273 12,313 12,358 12,399 12,746 12,774 Water main breaks 228 240 258 200 268 284 240 232 212 231 Average daily consumption (thousands of gallons) 6,950 7,340 8,280 7,590 7,500 6,653 5,874 6,559 7,978 7,367 Wastewater Average daily sewage treatment (million of gallons/day) 3.19 3.19 3.17 3.60 3.56 3.21 3.58 3.94 3.78 3.75 Data Source: Various City/County departments Fiscal Year Ended June 30, City and County of Butte-Silver Bow, Montana Operating Indicators by Function/Program Last Ten Fiscal Years 220 ---PAGE BREAK--- Exhibit XXVI Function 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Public Safety Police: Stations 1 1 1 1 1 1 1 1 1 1 Patrol Units 25 23 24 24 25 25 26 34 33 33 Fire stations 11 11 11 11 11 11 11 11 11 11 Sanitation Collection trucks 6 7 8 8 10 10 10 16 16 16 Highways and streets Streets (miles) 715 715 715 715 715 715 715 715 715 715 Streetlights 3,234 3,241 3,258 3,311 3,326 3,327 3,330 3,329 3,330 3,330 Traffic signals 40 40 40 40 40 40 40 48 48 46 Culture and recreation Parks acreage 3,897 3,895 4,195 4,195 4,195 4,195 4,195 4,195 4,195 4,195 Parks 44 44 44 44 44 44 44 44 44 44 Swimming pools 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 1,026 1,026 1,030 1,030 1,050 1,078 1,185 1,197 1,197 1,295 Maximum daily capacity (millions of gallons) 23 23 23 23 23 23 23 23 23 23 Sewer Sanitary sewers (miles) 202.80 203.20 203.60 203.60 203.60 203.60 170.80 176.74 172.04 174.00 Storm sewers (miles) 50.20 50.30 50.30 50.30 50.30 50.30 69.61 69.61 81.27 81.27 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 City and County of Butte-Silver Bow, Montana Capital Asset and Infastructure Statistics by Function/Program Last Ten Fiscal Years Fiscal Year Ended June 30, 221 ---PAGE BREAK--- ---PAGE BREAK--- Comprehensive Annual Financial Report and Audit City and County of Butte-Silver Bow, State of Montana For Fiscal Year Ended June 30, 2013 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