Document Missoula_doc_10f2b9dbd4

City of Missoula, Montana Comprehensive Annual Financial Report And Audit For Fiscal Year Ended June 30, 2009 435 Ryman St., Missoula, MT. 59802 (406) 552-6110 ▪ www.ci.missoula.mt.us Photo Courtesy of Jessica S. Miller ---PAGE BREAK--- ---PAGE BREAK--- City of Missoula, Montana Comprehensive Annual Financial Report And Audit For Fiscal Year Ended June 30, 2009 Prepared by the Finance Department Photo Courtesy of Jessica S. Miller ---PAGE BREAK--- ---PAGE BREAK--- TABLE OF CONTENTS Introductory Section Letter of Transmittal IS-1- IS-4 GFOA Certificate of Achievement IS-5 City of Missoula Organization Chart IS-6 Elected Officials and Administration Personnel IS-7 Financial Section Independent Auditors’ Report F-S1- F-S2 Management Discussion and Analysis F-S3- FS-10 Basic Financial Statements Government-Wide Financial Statements Statement of Net Assets Statement of Activities Fund Financial Statements Major Governmental Funds - Fund Descriptions Governmental Fund Financial Statements Balance Sheet – Governmental Funds Reconciliation of the Governmental Fund Balance Sheet to Statement of Net Assets Statement of Revenues Expenditures and Changes in Fund Balances– Governmental Funds Reconciliation of the Statement of Revenues Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities– Governmental Funds Proprietary Fund Financial Statements Balance Sheet– Proprietary Funds Statement of Revenues, Expenses and Changes in Fund Net Assets-Proprietary Funds Statement of Cash Flows - Proprietary Fund Types Fiduciary Fund Financial Statements Statement of Fiduciary Net Assets - Fiduciary Funds Notes to Financial Statements (are an integral parts of the basic financial statements) FS-22-FS-53 Required Supplementary Information other than Management Discussion and Analysis Budget to Actual Comparison– General Fund Budgetary Comparison Statement - General Schedule of Funding Status for Retiree Health Insurance Benefit Plan Supplemental Information Combining Financial Statement Nonmajor Governmental Fund Descriptions SI-1-SI-6 Nonmajor Governmental Funds Combining Balance Sheet - Totals for Nonmajor Governmental Funds SI-7 Combining Statement of Revenues, Expenditures, and Changes in Fund Balance - Totals for Nonmajor Governmental Funds SI-8 Combining Balance Sheet - Nonmajor Special Revenue Funds SI-9-SI-14 Combining Balance Sheet - Nonmajor Debt Service Funds to SI-23 Combining Balance Sheet - Nonmajor Capital Project Funds to SI-28 Combining Statement of Revenues, Expenditures and Changes in Fund Balance - Nonmajor Special Revenue Funds to SI-34 Combining Statement of Revenues Expenditures and Changes in Fund Balance - Nonmajor Debt Service Funds to SI-44 Combining Statement of Revenues Expenditures and Changes in Fund Balance - Nonmajor Capital Projects Funds to SI-49 ---PAGE BREAK--- TABLE OF CONTENTS Supplemental Information (Continued) Agency Funds Combining Statement of Changes in Assets and Liabilities - Agency Funds SI-50 - SI-51 Major Governmental Funds - Budget to Actual Schedule of Revenues, Expenditures and changes in Fund Balances - Budget and Actual Budgeted Major Governmental Funds Nonmajor Governmental Funds - Budget to Actual Schedule of Revenues, Expenditures and Changes in Fund Balances –Budget and Actual Budgeted Nonmajor Special Revenue Funds SI-53 - SI-66 Budgeted Nonmajor Debt Service Funds SI-67- SI-93 Budgeted Nonmajor Capital Projects Funds SI-94 - SI-106 Statistical Section Net Assets by Component SS-1 Change in Net Assets SS-2 Fund Balance of Governmental Funds SS-3 Changes in Fund Balances of Governmental Funds SS-4 Overlapping Property Tax Levies SS-5 Estimated Market Value, Taxable Value and Mill Levy SS-6 Assessed Value and Estimated Actual Value of Taxable Property SS-7 Property Value and New Construction SS-8 Principle Property Taxpayers SS-9 Property Tax Levies and Collections SS-10 General Obligation Debt Ratios Required Continuing Disclosure SS-11 Summary of Direct Debt, Indirect Debt and Debt Ratios SS-12 Legal Debt Margin Information SS-13 Ratio of Outstanding Debt by Type SS-14 Ratio of Annual Debt Service Requirements for Last Ten Fiscal Years SS-15 Pledged-Revenue Coverage Wastewater Facility Revenue Bonds SS-16 Revolving Fund Year-End Balance Required Continuing Disclosure SS-17 Revolving Fund Changes in Fund Balance Required Continuing Disclose SS-18 Demographic and Economic Statistics SS-19 Top Ten Employers in City of Missoula SS-20 Full Time Equivalent City Government Employees by Function/Program SS-21 City Services and Employment SS-22 Employment by Major Industry Type SS-23 Operating Indicators by Function/Program SS-24 Capital Asset Statistics by Function/Program SS-25 Special Assessments Billed and Collected SS-26 Special Improvement District 512, 521, 522 SS-27 Missoula Parking Commission Rates and Fees SS-28 Missoula Parking Operations and Facilities SS-29 Missoula Parking Bond Issue Required Continuing Disclosure Component Unit Missoula Redevelopment Agency Historical Value of Tax Increment Districts SS-31 Component Unit Missoula Redevelopment Agency Taxable Value of Districts Compared to City SS-32 Component Unit Missoula Redevelopment Agency Trends in Property Valuation in City SS-33 ---PAGE BREAK--- TABLE OF CONTENTS Single Audit Section Report on Compliance and on Internal Control Over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards SA-1 –SA-2 Report on Compliance with Requirements Applicable to each Major Program on Internal Control over Compliance in Accordance with OMB Circular A– 133 SA3 –SA4 Schedule of Expenditures of Federal Awards SA-5 Notes to Schedule of Expenditures of Federal Awards SA-6 Schedule of Findings and Questioned Costs SA-7-SA-9 Report on Prior Audit Report Recommendations SA-10 ---PAGE BREAK--- ---PAGE BREAK--- INTRODUCTORY INTRODUCTORY SECTION SECTION ---PAGE BREAK--- ---PAGE BREAK--- Budget and Analysis Treasury FINANCE DEPARTMENT Finance and Debt Management Accounting/Utility Billing 435 Ryman Street, Missoula, Montana 59802 (406) 552-6107 FAX (406) 327-2217 DATE: December 22, 2009 TO: Mayor John Engen City Council Citizens of Missoula RE: Annual Financial Statements We are pleased to submit the audited Financial Statements of the City of Missoula, the financial reporting entity, for the fiscal year ended June 30, 2009. This report presents comprehensive financial and operating information about the City's activities that is useful to taxpayers, citizens, and other interested parties. The report includes all funds and account groups of the City of Missoula, the primary government. The Finance Department staff prepares the City's financial statements and is responsible for their integrity and objectivity. These statements are considered to present the City's financial position and results of operations fairly and consistently. The report has been prepared in accordance with generally accepted accounting principles for governments. These statements necessarily include some amounts that are based on our best estimates and professional judgments. We encourage readers to refer to the Management’s Discussion and Analysis section of the report for a more complete overview and analysis of the City’s financial activities. Because the City receives federal grants, it is required to undergo an annual single audit in conformity with the provisions of the Single Audit Act of 1984 and the Office of Management and Budget Circular A-133, Audits of State and Local Governments and Non-Profit Organizations. Information related to the single audit, including the Schedule of Federal Financial Assistance and the auditors' reports on the internal controls and compliance of the applicable laws and regulations are included in the single audit section of this report. CITY OF MISSOULA PROFILE The City was originally incorporated in 1883 and re-incorporated in 1889. It operates under the Mayor-Council form of government and provides a wide range of municipal services including police, fire, recreation, public works improvements and general administration services. Wastewater treatment services are accounted for in an enterprise fund. Private firms provide garbage, water, electric and gas services. The Missoula Parking Commission and Missoula Redevelopment Agency are included in this report as component units. Component units are legally separate entities for which the primary government is financially accountable. All retirement plans are handled by state agencies. Planning, Library and the Health Department are joint City/County agencies that are administered by Missoula County so they are included in the County's annual report, with only the City's contribution to these entities appearing in these statements. The Missoula Housing Authority does not meet the criteria for inclusion in this report. The City of Missoula maintains budgetary controls, the object of which is to ensure compliance with the legal provisions embodied in the annual budget adopted by the City Council each summer. Budgets are legally required and prepared for all of the City's funds. The legal level of budgetary control is established at the fund level. ECONOMIC CONDITION AND OUTLOOK The Bureau of Business and Economic Research (BBER) is the research and public service branch of the University of Montana’s School of Business Administration. The Bureau is regularly involved in a wide variety of activities, including economic analysis and forecasting. Excerpts from the Bureau’s updated forecasts contained in the spring of 2009 relating to Missoula and Missoula County are restated below.  University of Montana economist, Patrick Barkey, has forecast that Missoula’s economic growth for 2009 should be in the 1-2 percent range, well below the 2-3 percent per year from 2003-2005.  Much of the reduction in economic growth can be attributed to the shutdown of a major wood products plant, Stimson plywood and sawmill, along with increased competition from surrounding communities for retail stores Page IS-1 ---PAGE BREAK--- (new chain stores), health care and professional services. Even the opening of Direct TV’s call center in Missoula was unable to offset the other factors noted above.  A more severe than expected U.S. recession is always a risk to BBER’s forecast for the Montana economy, Barkey said. The impacts of the last two recessions (in 2001-02 and 1990-91) have been milder in Montana than the national average.  All of these factors were considered in preparing the City of Missoula’s budget for the 2010 fiscal year. The decline in expected revenues in FY 2009, especially in the fee based services related to the decline in economic expansion (planning and engineering fees, business licenses), investment earnings and in police fines combined with a unwillingness to raise taxes for FY2010 by the city council, necessitated a 3.7% reduction in baseline expenditures for the FY 10 budget.  Sewer utility rates were not increased for the 2009 budget year. They will be increased modestly for the FY 2010 budget year to accommodate an upgrade of the wastewater plant head-works and the fact that sewer utility charges declined 2% for the first time in over a decade due to reduced industrial and commercial billings, reflecting the effect of the current national economic recession. The city continues to grow in population and in new sewer connections at a rate of approximately 1.5 percent per year, although that growth was offset by a slowdown in the commercial and industrial sewer accounts.  Missoula is the second largest trade and service center in the state and the dominant trade center in Western Montana. Like Billings, the Missoula retail industry is being challenged by the opening of “big box” and other specialized retailers in smaller communities. Missoula’s trade center-service industries (such as health care and business and professional services) continue to grow and expand, but they too are being challenged by growth in the outlying areas. MAJOR INITIATIVES Over this past year a number of major projects were either initiated or completed. These included:  A total of $11,766,777 of new construction was completed on additional infrastructure, buildings and equipment that included the compete remodeling of two fire stations and construction of a new fire station (Station serving southwest Missoula.  $6,566,915 of the $11,766,777 of new construction noted above of street and bicycle/pedestrian improvements were completed in FY 2009, mainly for streets in new subdivisions throughout the city.  $5,234,097 of new sewer mains was placed into service due to the completion of the new West Reserve sewer line extension project.  The groundwork was completed to accomplish the move of Safeway from its present location to the old city maintenance shop site, freeing up the current location for the expansion of the campus of St. Patrick Hospital. This was accomplished in the fall of 2008 when Safeway opened its new store in Mid-December of 2008.  Quoted below are excerpts from the Standard & Poor's April 2008 rating upgrade. Standard & Poor’s Ratings Services assigned its ‘AA-’ standard long-term rating, and stable outlook, to all of the City of Missoula's outstanding voted GO debt. The ratings reflect the city’s: The ‘AA-’ rating on Missoula, Mont.’s outstanding voted GO bonds reflects the city’s:  Diverse local economy, which is anchored by the University of Montana and serves as a regional services, health care, and retail hub for the surrounding rural communities;  Expanding property tax and economic bases due to a low cost of living and an educated labor force compared with the rest of the region;  Historically low and stable unemployment levels; and  Low overall debt burden with manageable future capital needs and limited debt issuance. Outlook The stable outlook reflects the expectation of the local economy’s continued diversity and steady economic growth. The city’s low reserves levels preclude a higher rating at this time. The city’s ability to benefit from new retail development and its current sizable base in the future due to changes in state legislation could lead to rating improvement if additional revenue flexibility allows the city to build reserves levels. Page IS-2 ---PAGE BREAK---  The City’s high ratings are an objective indication of sound financial management, recognition that its overall debt profile is characterized by good debt service coverage from pledged revenues and by sound legal provisions ensuring full and timely payment of its debt service obligations. Overall net debt is very low at $724 per capita, or 1.34% of estimated true property value.  The City also recently received an improved credit rating from Standard & Poors for its financial management assessment (FMA) which resulted in an FMA of “strong”, the highest rating a City can receive from Standard & Poors, the city’s credit rating agency. The city’s credit rating is an integral component in financing infrastructure projects.  Standard & Poors has this to say about the City’s “strong” FMA assessment:”A Financial Management Assessment of 'strong' indicates that practices are strong, well embedded, and likely sustainable. The government maintains most ‘best practices’ deemed critical to supporting credit quality and these are well embedded in the government's daily operations and practices. Formal policies support many of these activities, adding to the likelihood that these practices will be continued into the future and transcend changes in the operating environment or personnel.”  Standard & Poor's has established an analytical methodology that evaluates established and ongoing management practices and policies in the seven areas most likely to affect credit quality. These areas are: o Revenue and expenditure assumptions o Budget amendments and updates o Long term financial planning o Long term capital planning o Investment management policies o Debt management policies o Reserve and liquidity policies  The City of Missoula was evaluated as having superior policies and practices in all of the areas above. For the Future  The City Police Department is preparing to request voter referendum approval to support the construction of a new 30,000 square foot public safety facility at a point where the economy has improved such that the voted referendum would be likely to pass. This expansion is needed to accommodate public safety needs as the city continues to grow.  The first phase of redevelopment of the downtown mill site along the Clark Fork River was initiated with the issuance of $3.6 million of tax increment bonds in Urban Renewal District II in FY 08. This project will move into the second phase of development in FY 09. AWARDS The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Missoula for its comprehensive annual financial report (CAFR) for the fiscal year ended June 30, 2008. This was the twelfth consecutive year that the City of Missoula has received this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe our current comprehensive annual financial report continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA for consideration. Page IS-3 ---PAGE BREAK--- CONCLUSION The City of Missoula is in stable financial condition in spite of limitations placed on the growth of property tax revenues. The 1997 state legislature passed Senate Bill 195, which restricts increases in taxable valuation due to increasing property values. Only new construction or newly annexed areas can significantly increase taxable valuation. This area of property taxation was addressed again by the 1999 Legislature, which made numerous changes to the way in which property is valued and taxed in Montana. The Legislature did provide for some replacement revenue for property tax revenue sources that were reduced. In addition, local governments were given the ability to levy the additional mills necessary to generate the same revenue as in the previous year. Careful budgeting and control of expenditures by departments have continued to pay off for the City. The City has annexed contiguous areas in recent years that are of an urban nature. These annexations have expanded the tax base and to some degree expanded costs. Sewer service is being extended to cover more of the developed area with the intent of protecting our aquifer. The City has been prudent in the use of year-end cash balances, but the restriction on property tax levy increases has been challenging. ACKNOWLEDGEMENTS I want to express my sincere appreciation to Leigh Griffing, Lead Accountant, and the Finance Office staff for their excellent work and support in preparing this report. Respectfully submitted, Brentt Ramharter Finance Director Page IS-4 ---PAGE BREAK--- Page IS-5 ---PAGE BREAK--- CITIZENS OF THE CITY OF MISSOULA MUNICIPLE COURT JUDGE MAYOR MISSOULA CITY COUNCIL DENOTES ELECTED OFFICIALS MUNICIPLE COURT BOARDS & COMMISSIONS AGENCIES CHIEF ADMINISTRATIVE OFFICER HEALTH DEPARTMENT MISSOULA REDEVELOPMENT AGENCY PARKING COMMISSION OFFICE OF PLANNING & GRANTS MISSOULA CEMETERY PARKS AND RECREATION PUBLIC WORKS POLICE DEPARTMENT FIRE DEPARTMENT ADMINISTRATIVE DEPARTMENTS MAYOR COMMUNICATIONS CITY ATTORNEY HUMAN RESOURCES FINANCE/ TREASURER CITY CLERK INFORMATION TECHNOLOGIES PARK MAINTENANCE URBAN FORESTRY RECREATION ENGINEERING BUILDING INPSECTION DIVISION STREET DIVISION VEHICLE MAINTENANCE DIVISION WASTEWATER TREATMENT FACILITY ADMINISTRATION PATROL DIVISION DETECTIVE DIVISION City of Missoula Page IS-6 ---PAGE BREAK--- ELECTED OFFICIALS MAYOR, John Engen MUNICIPAL COURT JUDGE, Donald J, Louden ALDERPERSONS FIRST WARD ALDERPERSONS SECOND WARD TERM EXPIRES FIRST MONDAY IN: TERM EXPIRES FIRST MONDAY IN: Dave Strohmaier 2010 John Hendrickson 2010 Jason Wiener 2012 Pam Walzer 2012 ALDERPERSONS THIRD WARD ALDERPERSONS FOURTH WARD TERM EXPIRES FIRST MONDAY IN: TERM EXPIRES FIRST MONDAY IN: Bob Jaffe 2010 Lyn Hellegaard 2012 Stacy Rye 2012 John Wilkins 2010 ALDERPERSONS FIFTH WARD ALDERPERSONS SIXTH WARD TERM EXPIRES FIRST MONDAY IN: TERM EXPIRES FIRST MONDAY IN: Dick Haines 2010 Ed Childers 2012 Renee Mitchell 2012 Marilyn Marler 2010 ADMINISTRATIVE OFFICIALS Bruce Bender, CHIEF ADMINISTRATIVE OFFICER Mike Painter, FIRE CHIEF James P. Nugent, CITY ATTORNEY Mark Muir, POLICE CHIEF Brentt Ramharter, FINANCE DIRECTOR/TREASURER Ellen Buchanan, DIRECTOR, MISSOULA REDEVELOPMENT AGENCY Martha L. Rehbein, CITY CLERK Gail Verlanic, DIRECTOR, HUMAN RESOURCES /EEO OFFICER Carl Horton, DIRECTOR, INFORMATION TECHNOLOGIES Steve King, DIRECTOR, PUBLIC WORKS Kevin Slovarp, CITY ENGINEER Brian Hensel, SUPERINTENDENT, STREET DIVISION Don Verrue, BUILDING OFFICIAL, BUILDING DIVISION Starr Sullivan, SUPERINTENDENT, WASTE WATER TREATMENT DIVISION Jack Stucky, SUPERINTENDENT, VEHICLE MAINTENANCE DIVISION Donna Gaukler, DIRECTOR, PARKS & RECREATION Doug Waters, DIRECTOR, MISSOULA CEMETERY Roger Millar, DIRECTOR, OFFICE OF PLANNING & GRANTS Anne Guest, DIRECTOR, MISSOULA PARKING COMMISSION Ellen Leahy, DIRECTOR, CITY/ COUNTY HEALTH DEPARTMENT Honor Bray, DIRECTOR, CITY/COUNTY LIBRARY Page IS-7 ---PAGE BREAK--- ---PAGE BREAK--- FINANCIAL FINANCIAL SECTION SECTION ---PAGE BREAK--- ---PAGE BREAK--- 1821 SOUTH AVENUE WEST • FIFTH FLOOR • P.O. BOX 2368 • MISSOULA, MONTANA 59806-2368 TEL: [PHONE REDACTED] • FAX: [PHONE REDACTED] • WEB: www.azworld.com ANDERSON ZURMUEHLEN & CO., P.C. • CERTIFIED PUBLIC ACCOUNTANTS & BUSINESS ADVISORS MEMBER: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS • MSI GLOBAL ALLIANCE INDEPENDENT MEMBER FIRM INDEPENDENT AUDITOR’S REPORT Mayor and City Council City of Missoula Missoula, Montana We have audited the accompanying financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of City of Missoula, Montana, as of and for the year ended June 30, 2009, which collectively comprise the City’s basic financial statements as listed in the table of contents. These financial statements are the responsibility of City of Missoula’s management. Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Missoula, Montana, as of June 30, 2009, and the respective changes in financial position and cash flows, where applicable, thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated December 22, 2009 on our consideration of the City of Missoula’s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing and not to provide an opinion on the internal control over financial reporting or compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. Page FS-1 ---PAGE BREAK--- The management’s discussion and analysis and budgetary comparison information are not a required part of the basic financial statements but are supplementary information required by accounting principles generally accepted in the United States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Missoula, Montana’s basic financial statements. The introductory section, combining and individual nonmajor fund financial statements, and statistical tables are presented for purposes of additional analysis and are not a required part of the basic financial statements. The schedule of expenditures of federal awards is presented for purposes of additional analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profits Organizations, and is also not a required part of the basic financial statements of the City of Missoula, Montana. The schedule of expenditures of federal awards and the combining and individual nonmajor fund financial statements have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated, in all material respects, in relation to the basic financial statements taken as a whole. The introductory section and statistical tables have not been audited by us and, accordingly, we express no opinion on them. Missoula, Montana December 22, 2009 Page FS-2 ---PAGE BREAK--- MANAGEMENT DISCUSSION MANAGEMENT DISCUSSION AND ANALYSIS AND ANALYSIS ---PAGE BREAK--- ---PAGE BREAK--- Management’s Discussion and Analysis The City of Missoula (the City) offers the readers of the City’s financial statements this narrative overview and analysis of the City’s financial activities for the fiscal year ended June 30, 2009. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal and the financial statements, which begin on pages IS-1 and FS-11 of this report, respectively. Certain comparative information between the current year and the prior year is also presented. Financial Highlights  The assets of the City of Missoula exceeded its liabilities at the close of the most recent fiscal year by $196,209,018 (net assets). Of this amount, $ 15,904,436 (unrestricted net assets) may be used to meet the government’s ongoing obligations to citizens and creditors.  As of the close of the current fiscal year, the City’s total governmental funds reported combined ending fund balances of $ 3,640,780. The special revenue funds had an unreserved fund balance of $3,814,089, which is available for spending at the government’s discretion (unreserved fund balance), while $3,654,339 of fund balance for debt service funds is restricted for debt payments. The capital project funds had a negative fund balance of ($4,728,035). These funds will be reimbursed by future debt issuance in FY 10.  At the end of the current fiscal year, the total fund balance of the General Fund was $900,387 which represented 2.3 percent of total General Fund expenditures. The unreserved portion of the fund balance was $201,062. The General Fund year-end balance for FY 2009 decreased to $0.9 million from $1.2 million at the end of FY 2008. The City Council budgeted the fund balance to remain the same for FY 2010. The decrease in fund balance in FY 09 was due to a decline in expected revenues, especially in the fee based services related to the decline in economic expansion (planning and engineering fees, business licenses), investment earnings and in police fines. The FY 09 expenditure savings increased to 6% due to mandatory holdbacks required of all General Fund offices, but were insufficient to offset the revenue declines. The city addressed this issue by requiring a mandatory 3.7% reduction in baseline expenditures for the FY 10 budget. The city is prepared to rebuild its fund balance over the next two fiscal years to the level it had at the end of FY 2007 ($2.1 Million). Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the City of Missoula’s basic financial statements. The City’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. Other supplementary information in addition to the basic financial statements is included at the end of the financial section. Government-wide Financial Statements. The government-wide financial statements are designed to provide readers with a broad overview of the City of Missoula’s finances, in a manner similar to a private- sector business. The Statement of Net Assets presents information on all of the City of Missoula’s assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the City of Missoula is improving or deteriorating. The Statement of Activities presents information showing how the government’s net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods uncollected taxes and earned but unused vacation leave). Page FS-3 ---PAGE BREAK--- Both of the government-wide financial statements distinguish functions of the City of Missoula that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business- type activities). The governmental activities of the City include general government, streets, public health, culture and recreation, social and economic services, housing and community development and public safety. The business-type activities of the City include a sewer utility. The government-wide financial statements include not only the City of Missoula itself (known as the primary government), but also a legally separate redevelopment authority (Missoula Redevelopment Authority) and a legally separate parking commission (Missoula Parking Commission) for which the City is financially accountable. Financial information for these component units is reported separately from the financial information presented for the primary government. Fund Financial Statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City of Missoula, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City of Missoula can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. Governmental Funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the Governmental Fund Balance Sheet and the Governmental Fund Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City of Missoula maintains one hundred individual governmental funds. Information is presented separately in the Governmental Fund Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund and the one debt service fund, all of which are considered to be major funds. Data from the other ninety seven governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining schedules elsewhere in this report. The City of Missoula adopts an annual appropriated budget for its General Fund. A budgetary comparison schedule has been provided for the General Fund to demonstrate compliance with this budget. The General Fund is the only major fund required to present budget information in this report. The City of Missoula maintains budgetary control at the fund level. Budget to actual schedules are provided under the supplemental section. Be sure to address the OPEB section added here also. Proprietary Funds. The City of Missoula maintains two different types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its sewer utility. Internal service funds are an accounting device used to accumulate and allocate costs internally among the City of Missoula’s various functions. The City of Missoula uses an internal service fund to account for the health benefit plan. Because this service predominantly benefits governmental rather than business-type functions, it has been included within governmental activities in the government-wide financial statements. Page FS-4 ---PAGE BREAK--- Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the sewer utility and for the health benefit plan, the sewer utility is considered to be a major fund of the City of Missoula Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statement because the resources of those funds are not available to support the City of Missoula’s own programs. The accounting for fiduciary funds is much like that used for proprietary funds. Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found on pages FS-22 to FS-53 of this report. Other information. In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information. Required supplementary information can be found beginning on page FS-54 of this report. The combining statements referred to earlier in connection with nonmajor governmental funds and internal service funds are presented immediately after the required supplementary information. Government-wide Financial Analysis As noted earlier, net assets may serve over time as a useful indicator of a government’s financial position. In the case of the City of Missoula, assets exceeded liabilities by $ 196,209,018 at the close of the most recent fiscal year. By far the largest portion of the City of Missoula’s net assets (89 percent) reflects its investment in capital assets land, buildings, machinery, and equipment); less any related debt used to acquire those assets that are still outstanding. The City of Missoula uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City of Missoula’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. Page FS-5 ---PAGE BREAK--- CITY OF MISSOULA’S NET ASSETS 2009 2008 2009 2008 2009 2008 Current & Other Assets $ 24,939,882 $ 27,624,475 $ 1,632,739 $ 2,906,626 $ 26,572,621 $ 30,531,101 Non-Current Capital Assets 136,177,550 134,430,495 91,348,459 91,190,473 227,526,009 225,620,968 Total Assets 161,117,432 162,054,970 92,981,198 94,097,099 254,098,630 256,152,069 Long-term Liabilities Current Liabilities 7,930,131 7,526,212 1,433,369 1,905,407 9,363,500 9,431,619 Non-Current Other Liabilities 34,579,412 37,350,293 13,946,700 14,891,287 48,526,112 52,241,580 Total Liabilities 42,509,543 44,876,505 15,380,069 16,796,694 57,889,612 61,673,199 Net Assets: Invested in capital assets, net of related debt 100,490,698 95,716,983 74,821,900 73,746,910 175,312,598 169,463,893 Restricted 3,654,339 3,175,573 1,337,645 1,303,028 4,991,984 4,478,601 Unrestricted 14,462,852 18,285,910 1,441,584 2,250,467 15,904,436 20,536,377 Total Net Assets $ 118,607,889 $ 117,178,466 $ 77,601,129 $ 77,300,405 $ 196,209,018 $ 194,478,871 Governmental Activities Business-type Activities Total An additional portion of the City of Missoula’s net assets (2.5 percent) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net assets ($15,904,436) may be used to meet the government’s ongoing obligations to citizens and creditors. At the end of the current fiscal year, the City of Missoula is able to report positive balances in all three categories of net assets, both for the government as a whole, as well as for its separate governmental and business-type activities. Readers are encouraged to refer to the information provided in the Notes to the Financial Statements for more detailed information on the assets and long-term debt activity for the year. Governmental activities: Governmental activity net assets increased in total by $1,429,423 during the current fiscal year, mainly due to an increase in infrastructure constructed within the city. This overall increase in infrastructure more than offset the reduction in unrestricted assets which were used to fund many of these infrastructure projects. Business-type activities: The business-type activity total net assets also only increased by $300,725 even though the amount of capital assets increased by $1,074,990 which was offset by a reduction of $808,883 in unrestricted net assets used to pay for the infrastructure that was built due to the construction completed at the City’s sewer plant as it is being enlarged and upgraded. Developer contributions continued as a major revenue source for the Sewer Fund during the current fiscal year, producing $766,110 in revenue. Page FS-6 ---PAGE BREAK--- CITY OF MISSOULA’S CHANGES IN NET ASSETS Financial Analysis of the Government’s Funds As noted earlier, the City of Missoula uses fund accounting to ensure and demonstrate compliance with finance- related legal requirements. Governmental funds. The focus of the City of Missoula’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City of Missoula’s financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. As of the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $3,640,780, a decrease of $2,474,078 in comparison with the prior year. The majority of this 2009 2008 2009 2008 2009 2008 Revenues: Program revenues: Charges for services $ 8,714,908 $ 9,915,006 $ 7,681,591 $ 7,635,175 $ 16,396,499 $ 17,550,181 Operating grants & contributions 1,978,844 1,264,937 1,435 - 1,980,279 1,264,937 General revenues: Property taxes for general purposes 23,994,499 23,662,238 - - 23,994,499 23,662,238 Intergovernmental revenue 10,600,677 11,370,796 10,600,677 11,370,796 Miscellaneous 468,609 1,383,397 2,405 3,378 471,014 1,386,775 Gain or loss on sale of capital assets 15,979 1,980,388 - 5,778 15,979 1,986,166 Investment earnings 210,232 652,572 47,494 168,312 257,726 820,884 Total revenues 45,983,748 50,229,334 7,732,925 7,812,643 53,716,673 58,041,977 Expenses: General Government 8,492,155 7,164,932 - - 8,492,155 7,164,932 Public Safety 20,993,673 22,864,926 - - 20,993,673 22,864,926 Public Works 10,148,557 11,992,483 6,738,463 6,716,237 16,887,020 18,708,720 Public Health 1,422,347 1,382,490 - - 1,422,347 1,382,490 Social and Economic Services 118,450 115,000 - - 118,450 115,000 Culture and Recreation 3,667,078 3,580,622 1,456,758 1,412,133 5,123,836 4,992,755 Housing & Development 1,336,972 2,189,207 - - 1,336,972 2,189,207 Interest Expense 1,595,937 1,665,936 - - 1,595,937 1,665,936 Total Expenses 47,775,169 50,955,596 8,195,221 8,128,370 55,970,390 59,083,966 Excess/(Deficiency) Before Capital Contributions/Special & Extraordinary Items/Transfers (1,791,421) (726,262) (462,296) (315,727) (2,253,717) (1,041,989) Capital grants & contributions 2,848,638 7,572,822 885,658 1,414,448 3,734,296 8,987,270 Special Items - (13,409,208) - 13,409,207 - - Interfund Transactions 122,637 (64,798) (122,637) 64,798 - - Net contributions/other items 2,971,275 (5,901,184) 763,021 14,888,453 3,734,296 8,987,270 Change in net assets 1,179,854 (6,627,446) 300,725 14,572,726 1,480,579 7,945,281 Restatements 249,569 (117,960) - (4,745) 249,569 (122,705) Ending Net Assets $ 118,607,889 $ 117,178,466 $ 77,601,129 $ 77,300,405 $ 196,209,018 $ 194,478,871 Governmental Activities Business-type Activities Total Page FS-7 ---PAGE BREAK--- decrease was in the capital construction funds waiting to be reimbursed by bond proceeds. The capital construction funds had a year-end fund balance of ($4,646,020), which reflects the fact that certain construction projects will not be fully reimbursed until all final financing is accomplished for the various projects and put in place. Approximately $1.4 million of reimbursement occurred in the fall of 2009 with the remainder scheduled for the spring of 2010. The special revenue funds had an unreserved fund balance of $3,814,089 which is available for spending at the government’s discretion (unreserved fund balance) while $3,654,339 of debt service fund balance is reserved for debt payments. The General Fund is the chief operating fund of the City of Missoula. At the end of the current fiscal year, the total fund balance of the General fund was $900,387 which represented 2.3 percent of total General Fund expenditures. The unreserved portion of the fund balance was $201,062. As a measure of the General Fund’s liquidity, it may be useful to compare the unreserved fund balance to total fund expenditures. At the end of fiscal year 2009 the unreserved fund balance represented 0.5% percent of total General Fund expenditures. The fund balance of the City’s General Fund decreased by $301,686. The decrease in fund balance in FY 09 was primarily due to a decline in expected revenues, especially in the fee based services related to the decline in economic expansion (planning and engineering fees, business licenses), investment earnings and in police fines. The FY 09 expenditure savings increased to 6% due to mandatory holdbacks required of all General Fund offices, but were insufficient to offset the revenue declines. The city addressed this issue by requiring a mandatory 3.7% reduction in baseline expenditures for the FY 10 budget. The city is prepared to rebuild its fund balance over the next two fiscal years to the level it had at the end of FY 2007 ($2.1 Million). Proprietary funds. The City of Missoula’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. Unrestricted net assets of the Sewer Fund at the end of the year amounted to $1,190,005 a reduction of $838,286 due to additional capital expenditures associated with a significant expansion of sewer trunk lines west of Reserve Street. Other factors concerning the finances of this fund have already been addressed in the discussion of the City of Missoula’s business-type activities. General Fund Budgetary Highlights Differences between the original budget and the final amended budget amounted to an increase in budgeted appropriations of $51,330, mainly due to the need to amend the budget for unexpected grants in Fire and Parks. Significant revenue differences between the final amended budget and actual results were due to a decrease in current tax collections ($286,855), a decrease in expected engineering and planning fees and permits and business licenses($323,686), a decline in fees for services ($720,523), and significant reduction in expected fines and forfeits ($182,506) due to staffing shortages in the Police department, and a decline in investment earnings ($192,014) due to declining interest rates. The decrease in fund balance in FY 09 was primarily due to a decline in expected revenues, especially in the fee based services related to the decline in economic expansion (planning and engineering fees, business licenses), investment earnings and in police fines. The FY 09 expenditure savings increased to 6% due to mandatory holdbacks required of all General Fund offices, but were insufficient to offset the revenue declines. The city addressed this issue by requiring a mandatory 3.7% reduction in baseline expenditures for the FY 10 budget. Capital Asset and Debt Administration Capital assets. The City of Missoula’s investment in capital assets for its governmental and business type activities as of June 30, 2009, amounts to $225,869,473 (net of accumulated depreciation). This investment in capital assets includes land, buildings and system improvements, machinery and equipment, park facilities, streets, sidewalks, utilities and storm drain systems. More detailed disclosure on the City's capital assets is Page FS-8 ---PAGE BREAK--- available in section III-E of the Notes to the Financial Statements. Major capital asset events during the current fiscal year included the following:  A total of $11,766,777 of new construction was completed on additional infrastructure, buildings and equipment that included the compete remodeling of two fire stations and construction of a new fire station (Station serving southwest Missoula. $6,566,915 of the $11,766,777 of new construction noted above of street and bicycle/pedestrian improvements were completed in FY 2009, mainly for streets in new subdivisions throughout the city.  $5,234,097 of new sewer mains was placed into service due to the completion of the new West Reserve sewer line extension project. CITY OF MISSOULA’S CAPITAL ASSETS 2009 2008 2009 2008 2009 2008 Land $ 19,342,529 $ 19,342,529 $ 1,333,614 $ 1,333,614 $ 20,676,143 $ 20,676,143 Art 196,500 181,500 65,229 65,229 261,729 - Buildings and Improvements 33,180,701 27,880,251 113,773,909 108,514,872 146,954,610 136,395,123 Machinery and Equipment 20,640,983 19,549,916 6,166,739 5,890,560 26,807,722 25,440,476 Infrastructure 197,911,118 192,996,714 - - 197,911,118 192,996,714 Construction in Progress 1,341,261 4,874,918 2,510,400 5,270,130 3,851,661 10,145,048 Total Capital Assets 272,613,092 264,825,828 123,849,891 121,074,405 396,462,983 385,900,233 Less Accumulated Depreciation (136,435,542) (130,395,332) (34,157,968) (31,509,264) (170,593,510) (161,904,596) Net Capital Assets $ 136,177,550 $ 134,430,495 $ 89,691,923 $ 89,565,141 $ 225,869,473 $ 223,995,636 Governmental Activities Business-type Activities Total Long-term debt. At the end of the current fiscal year, the City of Missoula had a total of $54,203,657 of long term debt outstanding of which $50,556,875 was bonded debt. Of this amount, $16,235,000 comprises debt backed by the full faith and credit of the government and $14,030,295 is special assessment debt for which the government is liable in the event of default by the property owners subject to the assessment, although this debt is collateralized with liens on the properties against which the debt is assessed. The majority of the remainder of the City of Missoula’s bonded debt represents bonds secured solely by specified revenue sources revenue bonds). More detailed disclosure on the City's long-term debt is available in section III-F of the Notes to the Financial Statements. CITY OF MISSOULA’S OUTSTANDING DEBT 2009 2008 2009 2008 2009 2008 General Obligation Bonds $ 16,235,000 $ 17,500,000 $ - $ - $ 16,235,000 $ 17,500,000 Limited Obligation Bonds 5,130,000 5,360,000 - - 5,130,000 5,360,000 Revenue Bonds - - 14,870,023 15,818,230 14,870,023 15,818,230 Spec. Assessment Bonds 14,030,295 15,510,165 - - 14,030,295 15,510,165 Sidewalk & Curb Warrants 100,248 120,923 - - 100,248 120,923 State Board of Investment Loans 191,309 222,425 - - 191,309 222,425 Compensated Absences 3,474,814 3,442,644 171,968 134,916 3,646,782 3,577,560 Total Outstanding Debt $ 39,161,666 $ 42,156,157 $ 15,041,991 $ 15,953,146 $ 54,203,657 $ 58,109,304 Governmental Activities Business-type Activities Total The City of Missoula’s total debt decreased by $3,905,647 (6.7 percent) during the 2009 fiscal year. The key factor in this decrease was the fact that the city paid off more debt than it incurred from new bond issues. The city issued $68,792 of new sewer revenue bonds to assist in the extension of new sewer lines. Page FS-9 ---PAGE BREAK--- State statutes limit the amount of general obligation debt a governmental entity may issue to 2.5 percent of its total assessed valuation. The current debt limitation for the City of Missoula is $93,949,249 which is significantly in excess of the City of Missoula’s outstanding general obligation debt. Section III-F of the Notes to the City's financial statements provides additional disclosure of the City of Missoula's bonded indebtedness. Economic Factors and New Year’s Budgets and Rates  University of Montana economist, Patrick Barkey, has forecast that Missoula’s economic growth for 2009 should be in the 1-2 percent range, well below the 2-3 percent per year from 2003-2005.  Much of the reduction in economic growth can be attributed to the shutdown of a major wood products plant, Stimson plywood and sawmill, along with increased competition from surrounding communities for retail stores (new chain stores), health care and professional services. Even the opening of Direct TV’s call center in Missoula was unable to offset the other factors noted above.  A more severe than expected U.S. recession is always a risk to BBER’s forecast for the Montana economy, Barkey said. The impacts of the last two recessions (in 2001-02 and 1990-91) have been milder in Montana than the national average  All of these factors were considered in preparing the City of Missoula’s budget for the 2010 fiscal year. The decline in expected revenues in FY 2009, especially in the fee based services related to the decline in economic expansion (planning and engineering fees, business licenses), investment earnings and in police fines combined with a unwillingness to raise taxes for FY2010 by the city council, necessitated a 3.7% reduction in baseline expenditures for the FY 10 budget. Sewer utility rates were not increased for the 2009 budget year. They will be increased modestly for the FY 2010 budget year to accommodate an upgrade of the wastewater plant head-works and the fact that sewer utility charges declined 2% for the first time in over a decade due to reduced industrial and commercial billings, reflecting the effect of the current national economic recession. The city continues to grow in population and in new sewer connections at a rate of approximately 1.5 percent per year, although that growth was offset by a slowdown in the commercial and industrial sewer accounts. Requests for Information This financial report is designed to provide a general overview of the City of Missoula’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Office of the Finance Director, 435 Ryman, City of Missoula, Missoula, Montana, 59802. Page FS-10 ---PAGE BREAK--- BASIC FINANCIAL BASIC FINANCIAL STATEMENTS STATEMENTS ---PAGE BREAK--- ---PAGE BREAK--- GOVERNMENT GOVERNMENT-WIDE WIDE FINANCIAL STATEMENTS FINANCIAL STATEMENTS ---PAGE BREAK--- ---PAGE BREAK--- City of Missoula, Montana Statement of Net Assets Primary Government Business Business Missoula Missoula Governmental Type Improvement Parking Redevelopment Activities Activities Total District Commission Agency ASSETS Current Assets Cash and investments $ 3,826,414 $ 637,093 $ 4,463,507 $ 140,040 $ 3,937,318 $ 4,755,503 Taxes/Assessments receivable, net 1,688,731 - 1,688,731 25,883 - 176,404 Internal balances 1,250,627 (1,250,627) - - - - Deferred assessments receivable 14,010,738 - 14,010,738 - - - Accounts receivable 658,816 463,508 1,122,324 369 - - Long term loans receivable - - - - - - Other receivable 25,214 1,517,882 1,543,096 - 72,175 99 Interest receivable 50,829 2,383 53,212 - - - Prepaid expenditures / expenses 222,043 14,820 236,863 - - 3,420 Due from other governments 2,507,145 2,001 2,509,146 8,336 - 184,786 Inventory of supplies 699,325 245,679 945,004 - - - Total Current Assets 24,939,882 1,632,739 26,572,621 174,628 4,009,493 5,120,212 Noncurrent Assets Cash and investments - 1,650,130 1,650,130 - 150,000 250,400 Bond issuance costs, net - 6,406 6,406 - 9,482 - Other assets - - - - 5,770 - Capital assets - depreciable, net 115,297,260 85,782,679 201,079,939 - 2,352,125 - Capital assets - land and construction in progress 20,880,290 3,909,244 24,789,534 - 2,397,866 - Total Noncurrent Assets 136,177,550 91,348,459 227,526,009 - 4,915,243 250,400 Total Assets 161,117,432 92,981,198 254,098,630 174,628 8,924,736 5,370,612 LIABILITIES Current Liabilities Accounts payable 1,879,407 227,653 2,107,060 7,741 8,256 188,840 Accrued expenditures / expenses 706,716 67,311 774,027 - 19,191 17,845 Deferred revenue 310,753 13,125 323,878 25,883 - Compensated absences payable 2,001,891 69,280 2,071,171 - 18,725 34,830 Special assessment debt with government obligation 1,488,870 - 1,488,870 - - - Long-term liabilities - due within one year 1,542,494 1,056,000 2,598,494 - 115,000 90,000 Total Current Liabilities 7,930,131 1,433,369 9,363,500 33,624 161,172 331,515 Noncurrent Liabilities Net Employment Benefit Obligation 451,001 29,989 480,990 11,535 6,921 Long-term portion of compensated absences 1,472,923 102,688 1,575,611 - 5,609 13,971 Special assessment debt with government obligation - long-term 12,541,425 - 12,541,425 - - - Long-term liabilities - due in more than one year 20,114,063 13,814,023 33,928,086 - 835,000 5,865,000 Total Noncurrent Liabilities 34,579,412 13,946,700 48,526,112 - 852,144 5,885,892 Total Liabilities 42,509,543 15,380,069 57,889,612 33,624 1,013,316 6,217,407 NET ASSETS Invested in capital assets, net of related debt 100,490,698 74,821,900 175,312,598 - 3,799,991 - Restricted for debt service 3,654,339 1,337,645 4,991,984 - 150,000 250,400 Unrestricted 14,462,852 1,441,584 15,904,436 141,004 3,961,429 (1,097,195) Total Net Assets $ 118,607,889 $ 77,601,129 $ 196,209,018 $ 141,004 $ 7,911,420 $ (846,795) See accompanying Notes to the Financial Statements June 30, 2009 Component Units Page FS-11 ---PAGE BREAK--- City of Missoula, Montana Statement of Activities For the Fiscal Year Ended June 30, 2009 Net (Expenses) Revenues and Changes in Net Assets Program Revenues Primary Government Component Units Operating Capital Business- Business Missoula Missoula Charges for Grants and Grants and Governmental type Improvement Parking Redevelopment Functions/Programs Expenses Services Contributions Contributions Activities Activities Total District Commission Agency Primary Government: Governmental activities: General government $ 8,492,155 $ 4,369,769 $ 5,000 $ 2,296,584 $ (1,820,802) $ - $ (1,820,802) $ - $ - $ - Public safety 20,993,673 1,581,222 732,421 - (18,680,030) - (18,680,030) - - - Public works 10,148,557 1,825,008 3,094 378,234 (7,942,221) - (7,942,221) - - - Public health 1,422,347 - 1,364 - (1,420,983) - (1,420,983) - - - Social and economic services 118,450 20,338 - 23,798 (74,314) - (74,314) - - - Culture and recreation 3,667,078 537,764 61,970 150,022 (2,917,322) - (2,917,322) - - - Housing and community development 1,336,972 379,530 1,172,995 - 215,553 - 215,553 - - - Conservation of natural resources - 1,277 2,000 - 3,277 - 3,277 - - - Debt service interest expense 1,595,937 - - - (1,595,937) - (1,595,937) - - - Total Governmental Activities 47,775,169 8,714,908 1,978,844 2,848,638 (34,232,779) - (34,232,779) - - - Business-type activities: Sewer 6,738,463 6,735,343 943 766,110 - 763,933 763,933 - - - Aquatics 1,456,758 946,248 492 119,548 - (390,470) (390,470) - - - Total Business-Type Activities 8,195,221 7,681,591 1,435 885,658 - 373,463 373,463 - - - Total Primary Government $ 55,970,390 $ 16,396,499 $ 1,980,279 $ 3,734,296 (34,232,779) 373,463 (33,859,316) $ - $ - $ - Component Units: Business Improvement District $ 455,648 $ - $ - $ - $ (455,648) $ - $ - Missoula Parking Commission 1,259,855 1,448,179 - - - 188,324 - Missoula Redevelopment Agency 1,453,914 - - - - - (1,453,914) Total Component Units $ 3,169,417 $ 1,448,179 $ - $ - (455,648) 188,324 (1,453,914) General Revenues Property taxes for general purposes 23,994,499 - 23,994,499 261,840 - 2,467,288 Intergovernmental revenue, unrestricted 10,600,677 - 10,600,677 119,580 - - Miscellaneous 468,609 2,405 471,014 5,685 - 283,944 Interest income 210,232 47,494 257,726 5,274 148,468 135,515 Sewer fund support of governmental activities 122,637 (122,637) - - - - Gain on sale of capital assets 15,979 - 15,979 - - - Total general revenues and transfers 35,412,633 (72,738) 35,339,895 392,379 148,468 2,886,747 Change in Net Assets 1,179,854 300,725 1,480,579 (63,269) 336,792 1,432,833 Net Assets - July 1, 2008 117,178,466 77,300,405 194,478,871 204,273 7,574,628 (2,279,628) Restatements 249,569 - 249,569 - - - Net Assets - July 1, 2008 - Restated 117,428,035 77,300,405 194,728,440 204,273 7,574,628 (2,279,628) Net Assets - June 30, 2009 $ 118,607,889 $ 77,601,129 $ 196,209,018 $ 141,004 $ 7,911,420 $ (846,795) See accompanying Notes to the Financial Statements Page FS-12 ---PAGE BREAK--- FUND FUND FINANCIAL FINANCIAL STATEMENTS STATEMENTS ---PAGE BREAK--- ---PAGE BREAK--- MAJOR GOVERNMENTAL FUNDS FUND DESCRIPTIONS GENERAL FUND The General Fund accounts for revenues and expenditures for most of the major City functions which are not specifically earmarked for other purposes. These functions include City Council, Finance and Administration, Police, Fire, Public Works (excluding Sewer), Parks and Recreation, and the Cemetery. CAPITAL IMPROVEMENT PROGRAM This fund is a five year planning program designed to guide decisions concerning capital expenditures. The first year of the plan is the current year’s capital budget. This fund accounts for the City’s major capital projects except those that are funded within special funds such as Sewer R&D, the Missoula Redevelopment Agency, or Community Development Block Grants. SID 524 DEBT SERVICE FUND This fund provides for debt service for liabilities incurred to pay the construction costs for special improvement district 524 (South Hills Storm Drain and other infrastructure improvements). MAJOR PROPRIETARY FUNDS FUND DESCRIPTIONS SEWER FUND This fund accounts for financial resources from service charges, allocated by law, contractual agreement, or administrative regulations for, and the payment of, sewer maintenance, sewer construction, and other sewer related costs. AQUATICS FUND This fund accounts for financial resources from service charged to provide quality aquatics programs, opportunities and facilities for citizens of all ages, interests, and abilities thus giving every resident as well as guests an opportunity for lifetime leisure skills, water safety skills and active, healthy life styles. Page FS-13 ---PAGE BREAK--- ---PAGE BREAK--- GOVERNMENTAL FUND GOVERNMENTAL FUND FINANCIAL FINANCIAL STATEMENTS STATEMENTS ---PAGE BREAK--- ---PAGE BREAK--- Capital Other Total General Improvement Governmental Governmental Fund Program SID 524 Funds Funds ASSETS Current Assets Cash and investments $ 177,540 $ - $ - $ 3,559,757 $ 3,737,297 Taxes/Assessments receivable, net 1,164,428 - 11,715 512,588 1,688,731 Deferred assessments receivable - - 2,804,828 11,205,910 14,010,738 Due from other governments 1,645,042 - 4,760 857,343 2,507,145 Accounts receivable 304,291 14,252 - 340,273 658,816 Interest receivable 45,349 (11,849) 1,323 9,653 44,476 Prepaid expenditures 216,913 - - 5,130 222,043 Interfund receivable - 535,953 575,543 5,428,060 6,539,556 Inventory of supplies 699,325 - - - 699,325 Total Assets $ 4,252,888 $ 538,356 $ 3,398,169 $ 21,918,714 $ 30,108,127 LIABILITIES Current Liabilities Accounts payable $ 748,348 $ 27,037 $ - $ 835,949 $ 1,611,334 Accrued expenditures 656,837 - - 49,879 706,716 Deferred revenue 1,411,364 - 2,816,543 11,896,172 16,124,079 Interfund payable 535,952 5,157,339 - 2,331,927 8,025,218 Total Liabilities 3,352,501 5,184,376 2,816,543 15,113,927 26,467,347 FUND BALANCES Reserved for inventories 699,325 - - - 699,325 Reserved for debt service - - 581,626 3,072,713 3,654,339 Unreserved reported in general fund 201,062 - - - 201,062 Unreserved reported in special revenue funds - - - 3,814,089 3,814,089 Unreserved reported in capital projects funds - (4,646,020) - (82,015) (4,728,035) Total Fund Balance 900,387 (4,646,020) 581,626 6,804,787 3,640,780 Total Liabilities and Fund Balance $ 4,252,888 $ 538,356 $ 3,398,169 $ 21,918,714 $ 30,108,127 See accompanying Notes to the Financial Statements City of Missoula, Montana Balance Sheet Governmental Funds June 30, 2009 Page FS-14 ---PAGE BREAK--- Total fund balances - governmental funds $ 3,640,780 Capital assets used in governmental activities are 136,177,550 not financial resources and therefore are not reported as assets in governmental funds. Property taxes receivable will be collected this year, 16,124,079 but are not available soon enough to pay for the current period's expenditures, and therefore are deferred in the funds. An internal service fund is used by management 2,278,147 to charge the costs of employees medical insurance. The governmental portion of the internal service fund are included with governmental activities. Long-term liabilities (current and non-current portions) (39,612,667) are not due and payable in the current period and therefore are not reported as liabilities in the funds. Total net assets - governmental activities $ 118,607,889 See accompanying Notes to the Financial Statements City of Missoula, Montana Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets June 30, 2009 Page FS-15 ---PAGE BREAK--- City of Missoula, Montana Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2009 Capital Other Total Improvement Governmental Governmental General Program SID 524 Funds Funds REVENUES Taxes and assessments $ 18,477,296 $ - $ 357,867 $ 7,814,524 $ 26,649,687 Licenses and permits 1,180,657 - - 1,573,047 2,753,704 Intergovernmental 10,123,957 26,484 - 2,997,497 13,147,938 Charges for services 3,568,065 - - 871,434 4,439,499 Fines and forfeitures 1,086,994 - - 43,183 1,130,177 Miscellaneous 131,153 210,307 - 827,026 1,168,486 Investment earnings 107,986 (80,868) 10,323 119,081 156,522 Total revenues 34,676,108 155,923 368,190 14,245,792 49,446,013 EXPENDITURES Current: General government 7,291,495 6,534 - 454,006 7,752,035 Public safety 20,292,803 - - 1,376,236 21,669,039 Public works 6,326,179 - - 298,633 6,624,812 Public health 1,404,043 - - - 1,404,043 Social and economic services 118,450 - - - 118,450 Culture and recreation 3,231,729 - - 46,346 3,278,075 Housing and community development - - - 1,193,372 1,193,372 Debt service expenditures - 506,606 307,580 3,808,412 4,622,598 Capital outlay 208,801 1,905,523 - 3,287,661 5,401,985 Total expenditures 38,873,500 2,418,663 307,580 10,464,666 52,064,409 Excess (deficiency) of revenues over expenditures (4,197,392) (2,262,740) 60,610 3,781,126 (2,618,396) OTHER FINANCING SOURCES (USES) Transfers in 4,580,071 564,296 - 199,544 5,343,911 Transfers (out) (764,988) - - (4,517,321) (5,282,309) Proceeds from sale of capital assets 80,623 - - 2,093 82,716 Total other financing sources (uses) 3,895,706 564,296 - (4,315,684) 144,318 Net Change in Fund Balance (301,686) (1,698,444) 60,610 (534,558) (2,474,078) Fund Balance - July 1, 2008 1,202,073 (2,947,576) 521,016 7,339,345 6,114,858 Fund Balance - June 30, 2009 $ 900,387 $ (4,646,020) $ 581,626 $ 6,804,787 $ 3,640,780 See accompanying Notes to the Financial Statements Page FS-16 ---PAGE BREAK--- City of Missoula, Montana Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Fiscal Year Ended June 30, 2009 Amounts reported for governmental activities in the statement of activities are different because: Net change in fund balances - total governmental funds $ (2,474,078) Governmental funds report capital outlays as expenditures 8,242,675 In the statement of activities, the cost of capital assets (6,678,452) is allocated over their estimated useful lives as depreciation expense. In the statement of activities, only the loss on the sale of the (66,737) capital assets is reported, whereas in the governmental funds, the proceeds from the sale increase financial resources. Thus the change in net assets differs from the change in fund balance by cost of the assets sold. Revenues in the statement of activities that do not provide (683,318) current financial resources are not reported as revenues in the funds. Repayment of long-term debt principal is an expenditure in the 3,026,661 governmental funds, but the repayment reduces long-term liabilities in the statement of net assets. The change in compensated absences is shown as an addition (32,170) to payroll expense on the statement of activities The change in post employment obligations is shown as an addition (451,001) to payroll expense on the statement of activities Internal service funds are used by management to charge the 296,274 costs of certain activities to individual funds. The net revenue (expense) of the internal service funds is reported with the governmental activities. Change in net assets - statement of activities $ 1,179,854 See accompanying Notes to the Financial Statements Page FS-17 ---PAGE BREAK--- PROPRIETARY FUND PROPRIETARY FUND FINANCIAL FINANCIAL STATEMENTS STATEMENTS ---PAGE BREAK--- ---PAGE BREAK--- Business-Type Activities Governmental Activities Sewer Aquatics Internal Service (Major) (Major) Total Self Insurance ASSETS Current Assets Cash and investments $ 458,567 $ 178,526 $ 637,093 $ 89,117 Accounts receivable 463,508 - 463,508 - Interest receivable 1,971 412 2,383 6,353 Other receivable 1,517,882 - 1,517,882 25,214 Due from other governments 2,001 - 2,001 - Prepaid expenses 11,970 2,850 14,820 - Interfund receivable - - - 2,736,289 Inventory of supplies 70,650 175,029 245,679 - Total Current Assets 2,526,549 356,817 2,883,366 2,856,973 Noncurrent Assets Cash and investments 1,650,130 - 1,650,130 - Art - 65,229 65,229 - Land 1,333,614 - 1,333,614 - Construction - work in progress 1,127,994 1,382,407 2,510,401 - Buildings 8,193,648 12,139,710 20,333,358 - Improvements other than buildings 93,440,549 - 93,440,549 - Machinery and equipment 6,166,739 - 6,166,739 - Allowance for depreciation (33,316,560) (841,407) (34,157,967) - Bond Issuance costs, net 6,406 - 6,406 - Total Noncurrent Assets 78,602,520 12,745,939 91,348,459 - Total Assets $ 81,129,069 $ 13,102,756 $ 94,231,825 $ 2,856,973 LIABILITIES Current Liabilities Accounts payable $ 187,456 $ 40,197 $ 227,653 $ 268,073 Accrued expenses 30,097 37,214 67,311 - Contributions paid in advance - - - 310,753 Interfund payable 1,250,627 - 1,250,627 - Deferred revenue 13,125 - 13,125 - Compensated absences payable 60,393 8,887 69,280 - Long-term liabilities - due within one year 1,056,000 - 1,056,000 - Total Current Liabilities 2,597,698 86,298 2,683,996 578,826 Noncurrent Liabilities Net Employment Benefit Obligation 24,222 5,767 29,989 - Long-Term portion of compensated absences 89,515 13,173 102,688 - Long-term liabilities - due in more than one year 13,814,023 - 13,814,023 - Total Noncurrent Liabilities 13,927,760 18,940 13,946,700 - Total Liabilities 16,525,458 105,238 16,630,696 578,826 NET ASSETS Invested in capital assets, net of related debt 62,075,961 12,745,939 74,821,900 - Restricted for debt service 1,337,645 - 1,337,645 - Unrestricted 1,190,005 251,579 1,441,584 2,278,147 Total Net Assets 64,603,611 12,997,518 77,601,129 2,278,147 Total Liabilities and Net Assets $ 81,129,069 $ 13,102,756 $ 94,231,825 $ 2,856,973 See accompanying Notes to the Financial Statements City of Missoula, Montana Balance Sheet Proprietary Funds June 30, 2009 Page FS-18 ---PAGE BREAK--- Business-Type Activities - Governmental Major Enterprise Funds Activities Internal Service Sewer Aquatics Self-Insurance (Major) (Major) Total Funds Operating Revenues Intergovernmental $ 943 $ 492 $ 1,435 $ - Charges for services 6,735,343 946,248 7,681,591 - Miscellaneous 2,405 - 2,405 - Internal services - - - 4,192,755 Total Operating Revenues 6,738,691 946,740 7,685,431 4,192,755 Operating Expenses Personal services 1,383,708 620,862 2,004,570 - Fixed charges 898,901 - 898,901 - Depreciation 2,244,774 403,929 2,648,703 - Insurance claims and expenses - - - 4,011,227 Maintenance and operations 1,603,922 431,967 2,035,889 - Total Operating Expenses 6,131,305 1,456,758 7,588,063 4,011,227 Operating Income 607,386 (510,018) 97,368 181,528 Non-operating revenues (expenses) Interest revenue 55,063 (7,569) 47,494 53,710 Debt service interest expense (607,158) - (607,158) - Total non-operating revenues (expenses) (552,095) (7,569) (559,664) 53,710 Income (loss) before contributions and transfers 55,291 (517,587) (462,296) 235,238 Contributions and Transfers Contributions 766,110 119,548 885,658 - Transfers in - 168,000 168,000 61,036 Transfers (out) (290,638) - (290,638) - Net Contributions and Transfers 475,472 287,548 763,020 61,036 Change in Net Assets 530,763 (230,039) 300,724 296,274 Net Assets - July 1, 2008 64,072,848 13,227,557 77,300,405 1,981,873 Net Assets - June 30, 2009 $ 64,603,611 $ 12,997,518 $ 77,601,129 $ 2,278,147 See accompanying Notes to the Financial Statements City of Missoula, Montana Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended June 30, 2009 Page FS-19 ---PAGE BREAK--- City of Missoula, Montana Statement of Cash Flows Proprietary Fund Types For the Fiscal Year Ended June 30, 2009 Business-Type Activities - Major Enterprise Funds Sewer Aquatics Total Self-Insurance Cash Flows from Operating Activities: Receipts from customers $ 6,638,074 $ 946,248 $ 7,584,322 $ - Payments to suppliers (3,009,769) (519,705) (3,529,474) - Payments to employees (1,338,328) (594,545) (1,932,873) - Other receipts 2,068 492 2,560 - Receipts from internal services - - - 4,183,985 Benefit payments - - - (3,921,403) Net Cash Provided (Used) by Operating Activities 2,292,045 (167,510) 2,124,535 262,582 Cash Flows from Non-Capital Financing Activities: Transfers to other funds (290,637) - (290,637) - Transfers from other funds - 168,000 168,000 61,036 Receipts from short-term loans from other funds 1,250,626 - 1,250,626 - Net Cash Provided by Non-Capital Financing Activities 959,989 168,000 1,127,989 61,036 Cash Flows from Capital and Related Financing Activities: Proceeds from debt 68,792 - 68,792 - Principal paid on debt (1,017,000) - (1,017,000) - Interest paid on debt (605,558) - (605,558) - Acquisition and construction of capital assets (1,864,887) (24,939) (1,889,826) - Net Cash Used by Capital and Related Financing Activities (3,418,653) (24,939) (3,443,592) - Cash Flows from Investing Activities Interest on investments 68,663 (7,093) 61,570 57,681 Receipts from short-term loans to other funds 2,084,752 - 2,084,752 - Disbursements for short-term loans - - - (2,736,289) Disbursements for long-term loans (1,495,425) - (1,495,425) - Net Cash Provided (Used) by Investing Activities 657,990 (7,093) 650,897 (2,678,608) Net Increase (Decrease) in Cash and Cash Equivalents 491,371 (31,542) 459,829 (2,354,990) Cash and cash equivalents at July 1, 2008 1,617,326 210,068 1,827,394 2,444,107 Cash and cash equivalents at June 30, 2009 $ 2,108,697 $ 178,526 $ 2,287,223 $ 89,117 Cash and cash equivalents consists of: Cash and investments $ 458,567 $ 178,526 $ 637,093 $ 89,117 Restricted cash and investments 1,650,130 - 1,650,130 - Total cash and cash equivalents $ 2,108,697 $ 178,526 $ 2,287,223 $ 89,117 Operating income $ 607,386 $ (510,018) $ 97,368 $ 181,528 Adjustments to reconcile operating income to net cash provided by operating activities: Depreciation 2,244,774 403,929 2,648,703 - Changes in assets and liabilities: Due from other governments (1,280) - (1,280) - Other receivables and notes receivable (94,869) - (94,869) 52,081 Prepaid expense 2,100 (1,510) 590 - Deferred revenue (2,400) - (2,400) - Contributions paid in advance - - - (8,770) Compensated absences payable 14,992 22,060 37,052 - Net employment benefit obligation 24,222 5,767 29,989 Inventories - (57,559) (57,559) - Accounts and other payables (506,946) (37,963) (544,909) 37,743 Accrued expenses 4,066 7,784 11,850 - Net Cash Provided (Used) by Operating Activities $ 2,292,045 $ (167,510) $ 2,124,535 $ 262,582 Disclosure of Non-Cash Items: See accompanying Notes to the Financial Statements The Sewer fund had non-cash transactions that increased assets in the amount of $764,509, developer contributions of capital assets of $766,110, and annual bond issuance cost amortization of $1,601. The Aquatics had fund non-cash transactions that increased capital assets in the amount of $119,548. This was attributed to a contribution of capital assets of $119,548. In addition, the Sewer and Aquatics funds had $24,222 and $5,767, repectively, of personal services expense related to the addition of net employee benefits obligation. Governmental Activities - Internal Service Funds Reconciliation of operating income to net cash provided by operating activities: Page FS-20 ---PAGE BREAK--- ---PAGE BREAK--- FIDUCIARY FUND FIDUCIARY FUND FINANCIAL FINANCIAL STATEMENTS STATEMENTS ---PAGE BREAK--- ---PAGE BREAK--- Agency Funds ASSETS Cash and short-term investments $ 303,000 Due from other governments 5,644 Total assets 308,644 LIABILITIES Accounts payable 14,453 Due to private parties 266,739 Due to other governments 27,452 Total liabilities $ 308,644 See accompanying Notes to the Financial Statements City of Missoula, Montana Fiduciary Funds Statement of Fiduciary Net Assets June 30, 2009 Page FS-21 ---PAGE BREAK--- ---PAGE BREAK--- NOTES TO NOTES TO FINANCIAL FINANCIAL STATEMENTS STATEMENTS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The City of Missoula (the City) follows generally accepted accounting principles (GAAP). GAAP includes all relevant Governmental Accounting Standards Board (GASB) pronouncements. In the government-wide financial statements and the fund financial statements for the proprietary funds, Financial Accounting Standards Board (FASB) pronouncements and Accounting Principles Board (APB) opinions issued on or before November 30, 1989, have been applied unless those pronouncements conflict with or contradict GASB pronouncements, in which case GASB prevails. For enterprise funds, GASB statement Nos. 20 and 34 provide the City the option of electing to apply FASB pronouncements issued after November 30, 1989. The City has elected not to apply those pronouncements. A. Reporting Entity The City was originally incorporated in 1883 and re-incorporated in 1889. It operates under the Mayor-Council form of government and provides a wide range of municipal services including police, fire, recreation, public works improvements, and general administration services. Sanitary sewer services are accounted for in an enterprise fund. Water, gas, electricity and garbage services are provided by the private sector. All retirement plans are handled by state agencies. (See note Planning, library, animal control and health services are provided jointly by the City and Missoula County. Since these joint services are administered by the County, only the City’s contributions appear in these statements. For financial reporting purposes, the City includes those separate governmental entities that are controlled by or are dependent on the City. The determination to include separate governmental entities is based on the criteria of Governmental Accounting Standards Board (GASB) Statement No. 14, as amended by GASB Statement No. 39. GASB defines the reporting entity as the primary government and those component units for which the primary government is financially accountable. To be financially accountable, a voting majority of the component unit’s governing board must be appointed by the City, and either a) the City must be able to impose its will, or b) the City may potentially benefit financially or be financially responsible for the component unit. Based on these criteria, the City has included the following as discretely presented component units: 1. The Missoula Redevelopment Agency (MRA) was established in 1978 by the City as a separate legal entity in accordance with state urban renewal laws (Section 7-15-4201 MCA). MRA has the authority to renovate property within blighted areas legally designated as redevelopment districts, but the authority to exercise the power of eminent domain, acquire and resell property and to issue tax increment bonds remains with the City. Any bonds issued are payable solely from tax increment receipts. The City has established five urban renewal districts: District I in 1978, District II in 1991, District III in 2000, Front Street in 2007, and Riverfront Triangle in 2008. District I has since sunset, after tax increment bonds were paid off. The five member governing board is appointed by the Mayor. MRA has no authority to levy taxes. However, under the City’s Urban Renewal Plans, incremental property taxes which result from increases in the taxable value of property within a redevelopment district are designated for urban renewal purposes and provide the primary funding source for MRA. State law provides that the tax increment provisions applicable to a renewal district established after 1980 be terminated fifteen years after enactment or when all tax increment bonds have been retired. Due to the control exercised by the City, MRA is considered a component unit of the City. Complete financial statements may be obtained from the City Clerk, 435 Ryman St., Missoula, MT 59802 or from Missoula Redevelopment Agency, 140 W. Pine, Missoula, MT 59802. Page FS-22 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 2. The Missoula Parking Commission is a public corporation formed by the City and, as such, is a proprietary component unit of the City. On January 25, 1971, the City Council of Missoula passed Resolution No. 2992 declaring the need for a parking commission. The creation of a commission was subsequently approved by the voters of the City in April 1971 pursuant to Part 46 of the Montana Code. Voters also authorized the Parking Commission to adopt the revenue bond method of financing parking projects provided in Title 7, Chapter 14, Part 46, Montana Code Annotated. As a component unit of the City, the Missoula Parking Commission is exempt from income tax. The Commission currently operates approximately 1,129 parking meters on various streets and in various lots throughout the downtown business area. The Commission operates approximately 800 leased parking spaces in various lots throughout downtown Missoula. The Commission also oversees a residential parking district in the University area of approximately 820 spaces. It also issues tickets for parking violations in the downtown area and the University residential parking district. The Commission operates two parking structures (Central Park and Bank Street Structure) that offer both short-term and long-term parking. It is considered a component unit because the City appoints the Board members, sets the meter rates, determines the parking district and is secondarily liable for the Parking Commission bonds. The City does not provide any operating subsidies nor does it receive any surpluses, but the Parking Commission does pay the City for services such as legal advice, payroll and bill paying. Complete financial statements may be obtained from the City Clerk, 435 Ryman St., Missoula, MT 59802 or from Missoula Parking Commission, 128 W. Main St., Missoula, MT 59802. 3. The Downtown Business Improvement District (BID) was created through the efforts of the Missoula Downtown Association to address the challenges created by the termination of the Downtown Urban Renewal District (URD I) on June 30, 2005. Implementation began in 2001 with committee development, community education, local media campaigns, meetings with property and business owners, creation of a comprehensive database of property owners, and the required petition process. The process of verifying the petition was finalized at the end of 2004 and the BID was approved by the City Council in April 2005. The BID serves as an advocate for property owners in the district and address areas such as safety, cleanliness, appearance, marketing, business retention and recruitment, public and private investment in buildings and infrastructure. Complete financial statements may be obtained from the City Clerk, 435 Ryman St., Missoula, MT 59802 or from the Business Improvement District, 218 E. Main Street, Suite Missoula, MT 59802. Related Organizations: The City is also responsible for appointing members of the Missoula Housing Authority Board, but the City’s accountability does not extend beyond making the appointments. Members may be removed only for cause and the City can suggest actions, but not impose them. The City does not have authority to set rents or policies and does not receive any surpluses nor contribute any funds to operations, except to pay city special assessments on Housing Authority property. B. Measurement Focus, Basis of Accounting, and Basis of Presentation Government-wide Statements Basis of Presentation The Government-wide Financial Statements (the Statement of Net Assets and the Statement of Activities) display information about the reporting government as a whole and its component units. They include all funds of the reporting entity except fiduciary funds. The statements distinguish between governmental and business-type activities. Governmental activities generally are financed through taxes, intergovernmental revenues, and other non-exchange revenues. Business-type activities are financed in whole or in part by fees charged to external parties for goods or services. Eliminations have been made to minimize the double-counting of internal activities. Page FS-23 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 The Statement of Activities presents a comparison between direct expenses and program revenues for each function of the City’s governmental activities. Direct expenses are those that are specifically associated with a program or function. The City does not charge indirect expenses to programs or functions. The types of transactions reported as program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or activity and 2) operating grants and contributions, and 3) capital grants and contributions. Revenues that are not classified as program revenues, including all property taxes, are presented as general revenues. Certain eliminations have been made as prescribed by GASB 34 in regards to inter-fund activities, payables and receivables. All internal balances in the Statement of Net Assets have been eliminated except those representing balances between the governmental activities and the business-type activities, which are presented as internal balances and eliminated in the total primary government column. In the Statement of Activities, internal service fund transactions have been eliminated; however, those transactions between governmental and business-type activities have not been eliminated. Measurement Focus and Basis of Accounting On the government-wide Statement of Net Assets and the Statement of Activities, both governmental and business-type activities are presented using the economic resources measurement focus and the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred regardless of the timing of the cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. The City generally applies restricted resources to expenses incurred before using unrestricted resources when both restricted and unrestricted net assets are available. Fund Financial Statements Basis of Presentation Fund financial statements of the reporting entity are organized into funds, each of which is considered to be separate accounting entities. Each fund is accounted for by providing a separate set of self-balancing accounts. Fund accounting segregates funds according to their intended purpose and is used to aid management in demonstrating compliance with finance-related legal and contractual provisions. The minimum number of funds is maintained consistent with legal and managerial requirements. Funds are organized into three categories: governmental, proprietary, and fiduciary. An emphasis is placed on major funds within the governmental and proprietary categories. Each major fund is displayed in a separate column in the fund financial statements. All of the remaining funds are aggregated and reported in a single column as non-major funds. A fund is considered major if it is the primary operating fund of the City or meets the following criteria: a. Total assets, liabilities, revenues, or expenditures/expenses of that individual governmental or enterprise fund are at least 10 percent of the corresponding total for all funds of that category or type; and b. Total assets, liabilities, revenues, or expenditures/expenses of that individual governmental or enterprise fund are at least 5 percent of the corresponding total for all governmental and enterprise funds combined. Page FS-24 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Governmental Funds: Measurement Focus and Basis of Accounting These statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recognized when susceptible to accrual when they are measurable and available). Measurable means the amount of the transaction can be determined and available means collectible within the current period or soon enough thereafter to pay liabilities of the current period. The City considers all revenues available if they are collected within 60 days after year-end. When collections are delayed due to highly unusual circumstances the City will recognize revenues collected up to 75 days after year-end. Expenditures are recorded when the related fund liability is incurred, except for unmatured interest on general long-term debt which is recognized when due, and certain compensated absences and claims and judgments which are recognized when the obligations are expected to be liquidated with expendable available financial resources. General capital asset acquisitions are reported as expenditures in governmental funds and proceeds of general long-term debt and acquisitions under capital leases are reported as other financing sources. Real and personal property taxes (excluding motor vehicle taxes), special assessments, charges for current services, and interest earnings are susceptible to accrual. Other receipts and taxes become measurable and available when cash is received by the City and are recognized as revenue at that time. The City recorded real and personal property taxes and assessments levied for the current year as revenue. Taxes and assessments receivable remaining unpaid at year-end and not expected to be collected soon enough thereafter to be available to pay obligations of the current year were recorded as deferred revenue, with a corresponding reduction in revenues, as required by generally accepted accounting principles. In addition, prior period delinquent taxes and assessments collected in the current period were recorded as revenue in the current period as required by generally accepted accounting principles. Entitlements and shared revenues are recorded at the time of receipt or earlier if the susceptible to accrual criteria are met. Expenditure driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other grant requirements have been met. Under the terms of the City’s grant agreements, certain programs are funded by specific cost- reimbursement grants and general revenues. Generally, the City applies cost-reimbursement funds first to finance such programs with remaining costs paid for with general revenues. The City reports the following major governmental funds: General Fund - This is the City of Missoula’s primary operating fund and it accounts for all financial resources of the City except those required to be accounted for in other funds. Capital Improvement Program – This fund is a five year planning program designed to guide decisions concerning capital expenditures. The first year of the plan is the current year’s capital budget. This fund accounts for the City’s major capital projects except those that are funded within special funds such as Sewer R&D, the Missoula Redevelopment Agency, or Community Development Block Grants. SID 524 Debt Service Fund – This fund accounts for assessment collections and the payment of SID debt for the South Hills Storm Drain and other infrastructure improvements. Page FS-25 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Proprietary Funds: Measurement Focus and Basis of Accounting All proprietary funds are accounted for using the accrual basis of accounting. These funds account for operations that are primarily financed by user charges. The economic resource focus concerns determining costs as a means of maintaining capital investment and management control. Revenues are recognized when earned and expenses are recognized when incurred. Allocations of costs, such as depreciation, are recorded in the proprietary funds. The receivables and revenue from assessments are reported as accounts receivable and user charges, respectively. Proprietary funds include enterprise funds and internal service funds. Proprietary funds distinguish operating revenues and expenses from non-operating 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. Internal service funds are used to account for the financing of goods and services provided by one department or agency to other departments or agencies of the City on a cost- reimbursement basis. The principal operating revenues for the enterprise funds are charges to customers for sales and services. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. The City reports the following enterprise funds: Sewer Fund (Major Fund) – This fund accounts for financial resources from service charges, allocated by law, contractual agreement, or administrative regulations for, and the payment of, sewer maintenance, sewer construction, and other sewer related costs. Aquatics Fund (Major Fund) – This fund accounts for financial resources from service charges to provide quality aquatics programs, opportunities and facilities for citizens of all ages, interests, and abilities thus giving every resident as well as guests an opportunity for lifetime leisure skills, water safety skills and active, healthy life styles. Fiduciary Funds: Measurement Focus and Basis of Accounting Fiduciary funds are used to account for assets held by the City in a trustee capacity or as an agent for individuals, private organizations or other governments. Agency funds are custodial in nature (assets equals liabilities) and do not involve measurement of results of operations. The City reports the following fiduciary funds for the related purposes: Court Surcharge – Accommodates the court surcharge fees charged and owed to the State of Montana. County Clearing – Accounts for the dog license fees that are collected on behalf of the County. Sewer Rebate – Accounts for the sewer rebates authorized by City Council for sewer connections. Youth Programs – Records the transactions held for County Youth Programs. County Park Board – Records the transactions held for the County Park Board. Elk Hills Subdivision – Records the transactions held for the Elk Hills Subdivision. Residential Inspection – Accounts for transactions related to the Voluntary Residential Inspection program. Municipal Court Restitution – Accumulates restitution payments to victims from court proceedings. Page FS-26 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 C. Budgets and Budgetary Accounting 1. Budget Process Operating budgets are adopted each year for the General Fund, all Special Revenue Funds, Debt Service Funds, Enterprise Funds, Internal Service Fund and Capital Project Funds. All budgets are presented on the budgetary basis appropriate for the fund type consistent with generally accepted accounting principles (i.e. all governmental funds are budgeted on a modified accrual basis and all proprietary funds are budgeted on the accrual basis). A preliminary budget is presented in June, budget hearings are held, and the final budget is adopted by the second Monday in August. Budget appropriations may be transferred between line items or increased by budget amendment only upon adoption of a resolution by the governing body. The operating fund budgets cannot be increased except by a public hearing for the following reasons: a public emergency which could not have been reasonably foreseen at the time of adoption of the original budget; debt service funds for obligations related to debt approved by the governing body; trust funds for obligations authorized by trust covenants; any fund for federal, state, local, or private grants and shared revenue accepted and approved by the governing body; any fund for special assessments approved by the governing body; the proceeds from the sale of land; any fund for gifts or donations; and money borrowed during the fiscal year. The annual appropriations and transfers out for various departments are controlled and monitored for budgetary compliance at the fund level. Management does not make transfers of appropriations or overexpend appropriations at the department level within a fund without approval of the city council. D. Assets, Liabilities, and Equity 1. Cash, Cash Equivalents, and Investments Cash and investments are under the management of the City’s Treasurer and consist primarily of investments in U.S. Government agency obligations. Interest income earned as a result of pooling of City deposits is distributed to the appropriate funds utilizing a formula based on the average balance of cash and investments of each fund. Investments in government securities are reported at fair value, based on market prices. Certificates of deposit are reported at cost. Montana State statutes authorize the City to invest in interest-bearing savings accounts, certificates of deposits, and time deposits, which are insured up to $250,000 by the Federal Deposit Insurance Corporation or fully collateralized. Also authorized are U.S. government and U.S. agency obligations, STIP and repurchase agreements where there is a master repurchase agreement and collateral held by a third party. The investment program of the City is divided into two tiers, an operational portfolio and a core portfolio. The operational portfolio is invested in short-term securities and is designed to handle the day to day cash needs of the City. The core portfolio is composed of securities with longer maturities with the objective of obtaining an optimal return for the City over a longer investment horizon. Page FS-27 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 For purposes of the statement of cash flows, the enterprise and internal services funds consider all funds (including restricted assets) held in the City’s cash management pool to be cash equivalents. For the proprietary component unit, the commission considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Negative cash balances are required to be reported as interfund payables. 2. Receivables Transactions between funds that are representative of lending/borrowing arrangements outstanding at fiscal year end, are short term loans and are reported as “due to/from other funds.” Tax and special assessment receivables are recorded in the appropriate funds. Property tax levies are set in August at the time the City budget is approved and are billed November 1 by the County. Taxes are due 50% by November 30 and 50% by May 31 of each year. After those dates, they become delinquent (and a lien is placed upon the property). After three years the County can exercise the lien and take title to the property. Special assessments are billed November 1 of each year as a component of the County property tax billing. The first part (50%) is due November 30th and the second part (50%) is due May 31st. After those dates, the bills are delinquent (and a lien is placed on the property). Delinquent assessments receivable at June 30, 2009 were $203,402. Lighting, park maintenance and street maintenance assessments are determined by the estimated cost of operating these districts for the next year. The other special improvement districts (SID’s) are billed for a portion of the principal owed plus interest on the unpaid balance. Each SID also has deferred assessments to account for the unbilled portion of the principal. Sewer fees are billed in July and January. They are due the last day of the month in which they are billed. A small number of commercial accounts are billed quarterly. Accounts that are delinquent as of June 30th are turned over to the County Treasurer to be included on the property tax bills sent out November 1. No allowance for uncollectibles is made because unpaid bills on these receivables become liens against the properties and it is assumed that the proceeds from the sale of any tax deed property will meet or exceed the lien amount. 3. Inventories Inventories of materials and supplies are accounted for using the consumption approach for governmental and enterprise funds. That is, inventory purchases are considered an asset until the period in which they are actually consumed. Inventories are carried at the lower of cost (first-in, first-out) or market. 4. Warrants Payable The City pays its claims by issuing a check. The only warrants appearing in the City’s accounts this fiscal year are Sidewalk and Curb interest bearing warrants. 5. Capital Assets Capital assets purchased are recorded as expenditures in the governmental funds. All purchased capital assets are valued at cost when historical records are available and at an estimated historical cost when no historical records exist. Donated capital assets (including infrastructure acquired through developer’s contributions and annexations) are recorded at their estimated fair value at the date of donation. The City capitalizes all capital assets with a value of $5,000 or greater. Property, plant, and equipment in the proprietary funds of the government are recorded at cost. Property, plant, and equipment donated to these proprietary fund type operations are recorded at their estimated fair value at the date of donation. Page FS-28 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Depreciation on general government capital assets is provided over their estimated useful lives on the straight-line method. Buildings have an estimated useful life of 30 years; machinery and equipment 4 to 20 years. Public domain ("infrastructure") capital assets (e.g. roads, bridges, curbs and gutters, and other assets that are immovable and of value only to the government) are capitalized and depreciated on the straight-line method. Useful lives of infrastructure assets are from 20 to 75 years. Pavement has an estimated useful life of 20 years; curbs and sidewalks 50 years; storm sewers 75 years; sumps 30 years; signs 60 years; bridges and pedestrian crossings 50 years; and street lights 50 years. Major outlays for capital assets and improvements are capitalized in proprietary funds as projects are constructed. Interest incurred during the construction phase of proprietary fund capital assets is reflected in the capitalized value of the asset constructed, net of interest earned on the invested proceeds over the same period. Capital assets purchased or acquired by proprietary fund types are recorded in the individual fund making the purchase. Any capital assets donated specifically for an enterprise fund are also recorded in that individual fund. Depreciation on proprietary fund capital assets is provided over their estimated useful lives on the straight-line method. Buildings, major land improvements and pipelines have an estimated useful life of 50 years; pumping stations and equipment 25 years; leasehold improvements and other equipment 5 to 30 years. Useful lives of the proprietary component unit assets are from 5 to 40 years. 6. Deferred Revenues Deferred revenue results when asset recognition criteria have been met and when revenue recognition criteria have not been met. These pertain to the net uncollected property tax and other receivables and are classified as Deferred Revenues on the Balance Sheet of governmental funds. 7. Compensated Absences It is the City’s policy and state law to permit employees to accumulate a limited amount of earned but unused vacation benefits, which will be paid to employees upon separation from City service. Employees are allowed to accumulate and carry over a maximum of two times their annual accumulation of vacation. There is no restriction on the amount of sick leave that may be accumulated. Upon separation, employees are paid 100 percent of accumulated vacation and 25 percent of accumulated sick leave. The liability associated with governmental fund-type employees is reported in the governmental activities column of the statement of net assets, while the liability associated with proprietary fund-type employees is recorded in the respective fund and the business-type activities column of the statement of net assets. 8. Other Post Employment Benefits The City recognizes and reports its post employment health care benefits in accordance with GASB Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions. 9. Long-Term Obligations The City reports long-term debt of governmental funds at face value in the governmental activities column of the statement of net assets. Certain other governmental fund obligations not expected to be financed with current available financial resources are also reported in the governmental activities column in the statement of net assets. Long-term debt and other obligations financed by proprietary funds are reported as liabilities in the appropriate funds and the business-type activities column of the statement of net assets. Page FS-29 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 For governmental fund types, bond premiums and discounts, as well as issuance costs are recognized during the current period. Bond proceeds are reported as other financing sources net of the applicable premium or discount. Issuance costs, even if withheld from the actual net proceeds received, are reported as debt service expenditures. For proprietary fund types, bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. 10. Fund Equity Reservations of fund balance represent amounts that are not appropriable or are legally segregated for a specific purpose. Designations of fund balance represent tentative management plans that are subject to change. Restricted net assets are limited to outside third-party restrictions. 11. Interfund Transactions Interfund transactions consisting of identified services performed for other funds or costs billed to other funds are treated as expenditures in the fund receiving the services and as revenue in the fund performing the services. Transactions which constitute reimbursements of a fund for expenditures or expenses initially made from it which are properly applicable to another fund are recorded as expenditures in the reimbursing fund and as reductions of expenditures in the fund that is reimbursed. 12. Pledged Revenues The City has pledged sewer charges for services revenue to pay for the revenue bonds outstanding in the sewer fund. The revenue bonds have been used for sewer system improvements and expansion. The revenues are pledged until the revenue bonds are paid in full. During fiscal year 2009, principal and interest payments on revenue bonds totaled $1,624,158 and charges for services revenue was $6,735,343. 13. Estimates Used in Financial Statement Preparation The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. II. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY A. Deficit Fund Balances Six special revenue funds with deficit fund balances were identified as of June 30, 2009. The Employee Health Insurance Levy fund ($520,523), the Street Maintenance fund ($8,347), the Russell Park Maintenance fund ($2,478), the Community Development fund ($8,857), the Law Enforcement Grant fund ($1,076), and the Federal Transportation fund ($18,407) all carried deficit fund balances which will be covered by future assessments and grant revenue in fiscal year 2010. Four general obligation bond fund balances were identified as having negative fund balances as of June 30, 2009. All of these deficits will be covered by tax revenues collections in the next fiscal year. These funds are 1998 Safety Bond Fund ($4,774), 2004 Aquatics Bonds Fund ($11,546), the 2004 Refunding Bond Fund ($11,612), and the 2007 Refunding Bond Fund ($97,593). Page FS-30 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Three Sidewalk and Curb bond funds had negative fund balances at the end of the fiscal year. These fund deficits will be covered by assessments collected in future fiscal years. These funds are the 99 Sidewalk and Curb fund ($761), the 03 Sidewalk and Curb fund ($29,431), and the 08 Sidewalk and Curb fund ($5,872). One SID sinking fund, SID 515 ($15,773), had a deficit fund balance at June 30, 2009. This deficit will decrease as assessments are collected. Any deficit remaining after assessments are collected will be covered by the Revolving Fund. The following SID Construction funds have deficit fund balances. SID 530 $ (115) SID 539 (20,321) SID 531 (43,954) SID 541 (332,842) SID 533 (6,653) SID 542 (131,149) SID 535 (67,075) SID 543 (71,853) SID 538 (4,995) These deficits will be covered by SID bond proceeds as bonds are issued for these projects. The capital projects 08 Sidewalk and Curb Fund ($3,097), 09 Sidewalk and Curb Fund ($532,434), 10 Sidewalk and Curb Fund ($380,270), Miller Creek Mitigation ($2,709), Rattlesnake Sewer Collection ($54,188), and Phillips St. Traffic Calming ($145) had deficit balances which will be mitigated in FY 2010. The Capital Improvement fund reported a negative fund balance ($4,646,020) due to upcoming internal and external financing activities. B. Expenditures in Excess of Appropriations The following funds had an excess of actual expenditures over budget, at the level of budgetary control (fund level), for the year ended June 30, 2009: Debt Service Sidewalk & Curb $ 80,227 Construction Funds Rattlesnake Sewer Collection 43,471 III. DETAILED NOTES ON ALL THE PRIMARY GOVERNMENT’S FUNDS A. Cash and Cash Equivalents At June 30, 2009, cash and investments consisted of the following: Primary Government Component Units Total Petty Cash and Cash on Hand 16,165 $ 10,588 $ 26,753 $ Repurchase Agreements 141,369 210,174 351,543 Demand Deposits 284,445 129,924 414,369 Certificates of Deposit 201,069 298,931 500,000 Marketable Government Securities 5,773,589 8,583,644 14,357,233 Total 6,416,637 $ 9,233,261 $ 15,649,898 $ Page FS-31 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 At June 30, 2009, the carrying amount of the City’s deposits in local banks was $657,314 and the bank balances were $1,251,322. Of the bank balance, $786,499 was covered by federal depository insurance and $464,823 was covered by collateral held by the pledging bank’s agent in the City’s name. The City’s cash and investments are reported as follows: Unrestricted Restricted Total Governmental Activities $3,826,414 $ - $3,826,414 Business-Type Activities 637,093 1,650,130 2,287,223 Fiduciary Funds 303,000 - 303,000 Component Units 8,832,861 400,400 9,233,261 Total $13,599,368 $2,050,530 $ 15,649,898 Custodial credit risk for deposits is the risk that in the event of a financial institution failure, the City’s deposits may not be returned or the City will not be able to recover the collateral securities in the possession of the outside party. The City minimizes custodial credit risk by restrictions set forth in City policy and state law. The City’s policy requires deposits to be 102 percent secured by collateral valued at market value. The City Treasurer maintains a listing of financial institutions, which are approved for investment purposes. Types of securities that may be pledged as collateral are detailed in Section 17-6-103 of the Montana Code Annotated (MCA). City policy requires that specific safeguards against risk of loss be evidenced when the City does not physically hold the securities. The City of Missoula’s investment policy states that the City will minimize the risk that the market value of securities in the portfolio will fall due to changes in general interest rates, by structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity. Further, investments are structured varying maturity dates on Certificates of Deposits and limiting long-term investments. The following table provides information about the interest rate risks associated with the City’s deposits and investments. Investment Maturities Credit Risk Rating Fair Value U.S. Government Agency Obligations 5/2010-7/2011 AAA 14,357,234 $ Certificates of Deposits 11/2009-12/2010 NA 500,000 Demand deposits NA NA 414,369 Repurchase Agreements NA NA 351,542 Petty Cash and Cash on Hand NA NA 26,753 Total 15,649,898 $ Credit risk is defined as the risk that an issuer or other counterpart to an investments will not fulfill its obligation. The above credit risk rating indicates the probability that the issuer may default in making timely principal and interest payments. The credit ratings presented are provided by Standard and Poor’s Corporation Page FS-32 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 B. Receivables Other Receivables A summary of the City’s accounts receivable and other receivables as of June 30, 2009, follows: Proprietary Funds: Sewer (major fund) – Sewer Fees $ 463,508 Sewer (major fund) – Mountain Water Notes 1,245,425 Sewer (major fund) – Glenn Eagle Note 250,000 Sewer (major fund) – Lease receivable 13,125 Sewer (major fund) – Disposal and Development Fees 9,332 Internal Service – Flexible Benefits 14,612 Internal Service – Prescription Rebates 10,602 Total Proprietary Funds $ 2,006,604 Governmental Funds: General (major fund) – Various Licenses, Services and Fees $ 50,087 General (major fund) – Mountain Water Notes 224,178 General (major fund) – Sidewalk & Curb 30,026 Impact Fee – Impact Fees 1,561 Cable TV Franchise – Franchise Fees 137,194 Building Inspection – Permit Fees 4,115 Program Income – Mountain Water Notes 5,162 SID Revolving Fund – Mountain Water Notes 181,233 Capital Improvement – Miscellaneous reimbursement 14,252 Total Government Funds $ 647,808 Long Term Loans Receivable A summary of the City’s long-term loans receivable as of June 30, 2009, follows: Primary Government: Title One - Extended Family Services $ 11,008 $18,000 at 0% interest to be repaid in installments of $600 per year, with final payment due by 2021; $9,000 at $346.15 per year, with final payment due by 2021. $9,000 was forgiven April 1996. C. Due From/To Other Funds, Due to Other Governments, and Due to Private Parties Due From/To Other Funds: Negative cash balances are required to be reported as interfund loans. Material checks that are on the bank reconciliation but are held until after the balance sheet date should be reclassified as accounts payable. Loans are recorded as Interfund Receivable in the lending fund and as Interfund Payable in the loanee fund. The principal purpose of the interfund transfers is to provide funds for cash deficits. Page FS-33 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 ^indicates a major fund (Interfund (Interfund Receivable) Payable) Due From Due To ^ SID 524 $ 575,543 $ - ^ General Fund - 535,952 ^ Capital Improvement Program 535,953 5,157,339 Nonmajor governmental funds 5,428,060 2,331,927 Internal Service fund 2,736,289 - ^ Sewer - 1,250,627 $ 9,275,845 $ 9,275,845 Due From Other Governments: Primary Government General Fund Due from Missoula County – Taxes Receivable $ 1,173,136 Due from Missoula County – DUI Task Force 2,962 Due from Missoula County – Postage 39 Due from Missoula County – Parks and Recreation maintenance 25,850 Due from Missoula County – Reimburse Fire Department Fuel Mitigation Overtime 8,288 Due from Missoula County Public Schools – School Resource Officer 180,000 Due from Montana Department of Transportation – Public Works Projects 3,099 Due from Montana Department of Transportation – Pedestrian Safety Grant 8,798 Due from Montana Department of Transportation – Safe Routes to Schools 19,753 Due from State of Montana – Reimburse Fire Department for Forest Fire Services 1,311 Due from Victor Fire District - Reimburse for Truck Maintenance 225 Due from University of Montana – Reimburse Overpayment of Bike/Ped Intern 1,312 Due from Federal Government – SAFER Grant 118,308 Due from City Municipal Court 101,961 Total General Fund 1,645,042 Special Revenue Funds: Due from Missoula County – Taxes Receivable 164,363 Due from City Municipal Court – Drug Forfeiture 1,733 Due from City Municipal Court – Crime Victim Surcharge 6,896 Due from Montana Department of Transportation – CMAQ/CTEP grants 107,188 Due from State of Montana – Equipment Grant 19,310 Due from State of Montana – Seatbelt Overtime Grant 10,001 Due from Federal Government – HOME Grant 287,426 Due from Federal Government – JAG Police Grant 5,525 Due from Federal Government – ICAC Grant 7,986 Due from Federal Government – Bulletproof Vest Program 2,187 Due from Federal Government – HIDTA Task Force grant 28,266 Due from Federal Government – EPA Brownfields grant 2,805 Due from Federal Government – CDBG Grant 81,453 Total Special Revenue Funds 725,139 Page FS-34 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Debt Service Funds Major fund – Due from Missoula County – Taxes Receivable 4,760 Non-major funds – Due from Missoula County – Taxes Receivable 132,204 Total Debt Service Funds 136,964 Total, Due From Other Governments, Governmental Funds $ 2,507,145 Proprietary Funds Due from Missoula County – Delinquent Sewer Collections $ 2,001 Agency Funds Due from City Municipal Court – Court Surcharge $ 5,644 Due to Other Governments: Agency Funds Supreme Court $ 21,641 County Park Board 5,500 County Clearing 311 Total Due to Other Governments $ 27,452 Due to Private Parties: Agency Funds Sewer Rebates $ 64,589 Youth Programs 473 Municipal Court Restitution 197,055 Residential Inspection 754 Elk Hills Subdivision 3,868 Total Due to Private Parties $ 266,739 D. Bond Issuance Costs The following bond costs are being amortized over the life of the bonds: Primary Government, Sewer Revenue Bond Costs (Major Fund) $ 6,406 Component Unit, Parking Commission Revenue Bond Costs 9,481 Total Deferred Expense, Reporting Entity $ 15,887 E. Capital Assets The City has identified three types of street infrastructure: 1. Arterial/collector streets 2. Commercial streets 3. Residential streets Estimating construction costs Arterial/Collector & Commercial & Residential Streets- The City estimated costs for these streets using a bid from the 39th street project for 2002/2003 (used for all projects prior to FY2007) and from the England Boulevard bid on 9/18/2006 for FY2007 and future projects. Page FS-35 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Estimating overhead 1. Arterial/collector - 40% of estimated construction costs 2. Commercial - 25% of estimated construction costs 3. Residential - 25% of estimated construction costs Total estimates per square yard The total estimated construction and overhead costs per square yard of street are shown below for fiscal year 2009: Construction Overhead Total Arterial/Collector $41/Sq Yard $16.40/Sq Yard $57.40/Sq Yard Commercial $38/Sq Yard $9.50/Sq Yard $47.50/Sq Yard Residential $26/Sq Yard $6.50/Sq Yard $32.50/Sq Yard Depreciation Depreciation is calculated on a straight-line basis with a full month convention for all governmental assets except infrastructure. Capital Asset activity for the fiscal year ended June 30, 2009, is summarized as follows: CAPITAL ASSETS Capital asset activity for the year ended June 30, 2009 was as follows: Beginning Prior Period Ending Balance Adjustment Additions Deletions Balance Governmental Activities: Capital Assets not being Depreciated: Art 181,500 $ 15,000 $ - $ - $ 196,500 $ Land 19,342,529 - - - 19,342,529 Work-In-Progress 4,874,917 (9,554) 1,676,983 (5,201,085) 1,341,261 Total Capital Assets not being Depreciated 24,398,946 5,446 1,676,983 (5,201,085) 20,880,290 Capital Assets being Depreciated: Buildings 27,880,251 - 5,300,450 - 33,180,701 Infrastructure 192,996,714 24,472 4,889,932 - 197,911,118 Machinery & Equipment 19,549,916 - 1,576,395 (485,328) 20,640,983 Total Capital Assets being Depreciated 240,426,881 24,472 11,766,777 (485,328) 251,732,802 Less Accumulated Depreciation for: Buildings (10,078,438) - (833,461) - (10,911,899) Infrastructure (108,741,557) 217,464 (4,483,774) - (113,007,867) Machinery & Equipment (11,575,337) 2,187 (1,361,217) 418,591 (12,515,776) Total Accumulated Depreciation (130,395,332) 219,651 (6,678,452) 418,591 (136,435,542) Page FS-36 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Depreciation expense was charged to functions as follows: Governmental Activities: General Government $ 342,710 Public Safety 824,759 Public Works 4,860,126 Public Health 18,304 Culture and Recreation 488,953 Housing & Community Development 143,600 Total Governmental Activities Depreciation Expense $ 6,678,452 The following is a summary of business-type capital assets for the year ended June 30, 2009: Depreciation is calculated on a straight line basis. Beginning Ending Balance Additions Deletions Balance Business-type Activities: Capital Assets not being Depreciated: Art 65,229 $ - $ - $ 65,229 $ Land 1,333,614 - - 1,333,614 Work In Process 5,270,130 2,601,422 (5,361,151) 2,510,401 Total Capital Assets not being Depreciated 6,668,973 2,601,422 (5,361,151) 3,909,244 Capital Assets being Depreciated: Buildings 20,308,421 24,939 - 20,333,360 Improvements 88,206,452 5,234,097 - 93,440,549 Machinery & Equipment 5,890,560 276,179 - 6,166,739 Total Capital Assets being Depreciated 114,405,433 5,535,215 - 119,940,648 Less Accumulated Depreciation for: Buildings (3,999,771) (611,416) - (4,611,187) Improvements (23,095,228) (1,797,047) - (24,892,275) Machinery & Equipment (4,414,265) (240,241) - (4,654,506) Total Accumulated Depreciation (31,509,264) (2,648,704) - (34,157,968) Total Capital Assests being Depreciated, Net 82,896,168 2,886,511 - 85,782,679 Capital Assets, Net 89,565,141 $ 5,487,934 $ (5,361,151) $ 89,691,924 $ Depreciation expense was charged to functions as follows: Business-type activities: Sewer $ 2,244,774 Aquatics 403,929 Total Business-type activities Depreciation Expense $ 2,648,703 Page FS-37 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Beginning Ending Balance Additions Deletions Balance Component Unit: MPC Capital Assets not being Depreciated: Parking Lots 2,397,866 $ - $ - $ 2,397,866 $ Capital Assets being Depreciated: Parking Structures 2,265,634 - - 2,265,634 Furniture, Fixtures & Computers 46,367 - - 46,367 Machinery, equipment and vehicles 477,487 26,000 (34,003) 469,484 Parking Lot improvements 1,165,976 - - 1,165,976 Capitalized Interest 409,007 - - 409,007 4,364,471 4,356,468 Less Accumulated Depreciation (1,894,264) (144,082) 34,003 (2,004,343) Total Capital Assets being depreciated, net 2,470,207 (144,082) 34,003 2,352,125 Capital Assets, net 4,868,073 $ (144,082) $ 34,003 $ 4,749,991 $ F. Long-Term Obligations During the year ended June 30, 2009 the following changes occurred in long-term liabilities reported in the governmental activities, the City’s proprietary funds and component units: Balance Due Within July 1, 2008 Additions Reductions June 30, 2009 One Year Governmental Activities: General Obligation Bonds 17,500,000 $ - $ 1,265,000 $ 16,235,000 $ 1,170,000 $ Limited Obligation Bonds 5,360,000 - 230,000 5,130,000 240,000 Special Assessment Bonds 15,510,165 - 1,479,870 14,030,295 1,488,870 Sidewalk and Curb Warrants 120,923 - 20,675 100,248 100,248 Intercap Loans 222,425 - 31,116 191,309 32,246 Compensated Absences 3,442,644 2,105,354 2,073,184 3,474,814 2,001,891 Total Governmental Activities 42,156,157 $ 2,105,354 $ 5,099,845 $ 39,161,666 $ 5,033,255 $ Proprietary Funds/ Business-type Activities: Revenue Bonds 15,818,231 $ 68,792 $ 1,017,000 $ 14,870,023 $ 1,056,000 $ Compensated Absences 134,916 104,193 67,141 171,968 69,280 Total Proprietary Funds 15,953,147 $ 172,985 $ 1,084,141 $ 15,041,991 $ 1,125,280 $ Component Units: Revenue Bonds 7,100,000 $ - $ 195,000 $ 6,905,000 $ 205,000 $ Compensated Absences 91,735 44,312 62,911 73,136 62,638 Total Component Units 7,191,735 $ 44,312 $ 257,911 $ 6,978,136 $ 267,638 $ Included in Balance June 30, 2009 Page FS-38 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Primary Government Compensated Absences For governmental activities, compensated absences are generally liquidated by the general fund. General Obligation Bonds Payable Paid from property tax revenues deposited in Debt Service Funds: Date Date Amount Balance Bonds Issued Matures Rate Issued June 30, 2009 2004 Aquatics 2004 2024 3.0-4.5% 8,100,000 $ 6,545,000 $ 2004 Refunding 2004 2013 3.0-3.8% 2,705,000 950,000 2005 Fire Station 2006 2026 3.95-4.5% 5,740,000 5,145,000 2007 Refunding 2007 2018 3.6-4.0% 4,355,000 3,595,000 Total GO Bonds 20,900,000 $ 16,235,000 $ Annual debt service requirements to maturity for General Obligation Bonds as of June 30, 2009, were as follows: Fiscal Year Ending June 30 Principal Interest Total 2010 1,170,000 $ 656,883 $ 1,826,883 $ 2011 1,225,000 614,833 1,839,833 2012 1,270,000 569,748 1,839,748 2013 1,320,000 521,133 1,841,133 2014 1,115,000 470,433 1,585,433 2015-2019 4,955,000 1,703,381 6,658,381 2020-2024 4,360,000 777,800 5,137,800 2025-2026 820,000 55,300 875,300 Total 16,235,000 $ 5,369,511 $ 21,604,511 $ Limited Obligation Bonds Paid from General Fund revenues: Date Date Amount Balance Bonds Issued Matures Rate Issued June 30, 2009 2001 A Maintenance 2000 2020 4.25-5.20% 1,600,000 $ 1,110,000 $ 2006 Council/MRA Remodel 2006 2026 4.25-4.55% 1,100,000 985,000 2006 Aquatics Support 2006 2026 3.625-4.0% 1,860,000 1,635,000 2007B Fire Subsidy 2007 2026 3.70-4.20% 680,000 630,000 2007C 50 Meter Pool 2008 2027 3.50-4.40% 840,000 770,000 Total Limited Obligation Bonds 6,080,000 $ 5,130,000 $ Page FS-39 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Annual debt service requirements to maturity for Limited Obligation Bonds as of June 30, 2009, were as follows: Fiscal Year Ending June 30 Principal Interest Total 2010 240,000 $ 217,746 $ 457,746 $ 2011 255,000 208,046 463,046 2012 265,000 197,621 462,621 2013 280,000 186,678 466,678 2014 290,000 175,008 465,008 2015-2019 1,645,000 680,196 2,325,196 2020-2024 1,470,000 325,790 1,795,790 2025-2027 685,000 48,220 733,220 Total 5,130,000 $ 2,039,305 $ 7,169,305 $ Revenue Bonds Paid from sewer utility revenues: Date Date Amount Balance Bonds Issued Matures Rate Issued June 30, 2009 1992 Sewer, A 1/23/1992 7/1/2013 4.00% 1,177,000 $ 315,000 $ 1992 Sewer, B 7/15/1992 1/1/2013 4.00% 2,221,000 523,000 1999 Sewer Bonds 6/24/1999 7/1/2019 4.00% 1,820,000 464,000 2000(B) Sewer Bonds 10/3/2000 7/1/2020 4.00% 718,000 305,000 2001 Sewer Bonds - Bellevue & Reserve 4/27/2001 1/1/2021 4.00% 459,162 913,000 2002 Sewer Bonds - 39th St. 5/16/2002 1/1/2022 4.00% 1,395,000 1,088,000 2002 Missoula Treatment Plant A 11/21/2002 7/1/2022 4.00% 5,000,000 3,678,000 2002 Missoula Treatment Plant B 10/15/2003 7/1/2023 3.75% 3,800,000 2,939,000 2002 Missoula Treatment Plant C 3/23/2004 7/1/2024 3.75% 3,688,000 2,939,000 2005 Sewer Bonds - 11/28/2005 7/1/2025 3.75% 1,997,000 1,440,833 2006 Sewer Bonds - Lincolnwood Ph. II 9/21/2006 7/1/2026 3.75% 419,000 265,190 Total Revenue Bonds 22,694,162 $ 14,870,023 $ Annual debt service requirements to maturity for revenue bonds as of June 30, 2009, were as follows: Fiscal Year Ending June 30 Principal Interest Total 2010 1,056,000 $ 565,637 $ 1,621,637 $ 2011 1,099,000 523,622 1,622,622 2012 1,141,000 480,812 1,621,812 2013 1,102,000 435,817 1,537,817 2014 978,000 394,925 1,372,925 2015-2019 5,495,000 1,369,706 6,864,706 2020-2024 3,999,023 327,747 4,326,770 Total 14,870,023 $ 4,098,266 $ 18,968,289 $ Page FS-40 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Revenue Bond Covenants The Sewer Revenue Bonds require: 1. Segregated cash accounts with restrictions on their use. 2. Accounting for the sewer fund in accordance with generally accepted accounting principles and issuing audited statements annually. 3. Billing quarterly, no free services and legal action to collect delinquencies. 4. Reserves in operating account and Revenue Bond accounts (maximum due in any future calendar year). 5. Net revenues at least equal to 125% of the maximum annual debt service. 6. The bonds may be redeemed early if approval is sought from the Department of Natural Resources and all payments are current. The City of Missoula is in substantial compliance with all of the above requirements except for quarterly billing. For residential and some commercial accounts, the City bills every six months to conserve on postage costs and personnel time. Special Assessment Debt with Government Commitment Property owners are assessed for principal and interest to repay special assessment bonds. If sufficient funds are not received, loans are made from the SID Revolving fund. This fund is financed by fees paid by each new SID, by cash transferred from the general fund if needed and by any surplus remaining in completed SID’s. The cash balance in the Revolving Fund must equal at least 5% of the principal amount of debt outstanding. If the cash balance is less than a levy is required to bring the cash balance to the required minimum. The required minimum for the City at June 30, 2009 is $701,515. The Revolving Fund cash at June 30, 2009 is $702,257. The following table lists all outstanding special assessment bond issues and the outstanding balance as of June 30, 2009: Date Date Amount Balance Bonds Issued Matures Rate Issued June 30, 2009 498 1992 2012 4.00% 2,465,000 $ 284,000 $ 501 1992 2012 4.00% 943,000 81,[PHONE REDACTED] 2013 4.00% 324,000 44,[PHONE REDACTED] 2014 4.00% 304,000 65,[PHONE REDACTED] 2018 4.00-5.25% 1,724,000 731,[PHONE REDACTED] 2007 5.90% 41,000 8,[PHONE REDACTED] 2012 5.90% 213,000 46,[PHONE REDACTED] 2007 5.90% 9,800 2,[PHONE REDACTED] 2012 4.20-5.50% 91,000 17,[PHONE REDACTED] 2012 4.20-5.50% 39,000 7,[PHONE REDACTED] 2012 4.20-5.50% 109,000 21,[PHONE REDACTED] 2019 4.00% 2,634,000 1,304,[PHONE REDACTED] 2018 4.50-5.25% 7,900 3,[PHONE REDACTED] 2018 4.50-5.25% 11,200 4,[PHONE REDACTED] 2023 4.00% 4,577,000 3,260,[PHONE REDACTED] 2020 4.00% 658,000 390,[PHONE REDACTED] 2021 4.00% 2,671,000 1,716,[PHONE REDACTED] 2011 2.70-3.80% 22,400 6,[PHONE REDACTED] 2016 3.80-4.75% 6,706 4,[PHONE REDACTED] 2024 3.50-5.00% 556,000 430,000 Page FS-41 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 533 2006 2025 3.75% 244,000 209,[PHONE REDACTED] 2026 3.75% 254,000 227,[PHONE REDACTED] 2026 3.75% 438,000 391,[PHONE REDACTED] 2027 3.75-4.65% 1,570,000 1,465,000 FY99 S&C 1999 2011 3.20-4.60% 644,000 50,000 FY00 S&C 2000 2012 4.625-5.50% 840,000 105,000 FY01 S&C 2001 2013 3.00-4.50% 340,000 60,000 FY02 S&C 2002 2014 2.00-4.40% 430,000 85,000 FY03 S&C 2003 2015 2.00-3.80% 805,000 270,000 FY04 S&C 2004 2016 2.00-4.75% 710,000 280,000 FY05 S&C 2005 2017 3.50-4.65% 765,000 445,000 FY06 S&C 2006 2018 3.75-4.25% 1,145,000 750,000 FY07 S&C 2007 2027 4.00-4.75% 920,000 760,000 FY08 S&C 2008 2028 2.5-5.00% 560,000 505,000 Total Special Assessment Bonds 27,072,006 $ 14,030,295 $ Annual debt service requirements to maturity for special assessment bonds as of June 30, 2009, were as follows: Fiscal Year Ending June 30 Principal Interest Total 2010 1,488,870 $ 574,429 $ 2,063,299 $ 2011 1,488,870 514,337 2,003,207 2012 1,402,869 453,271 1,856,140 2013 1,162,670 395,970 1,558,640 2014 1,067,670 347,531 1,415,201 2015-2019 4,381,346 1,138,734 5,520,080 2020-2024 2,510,000 371,196 2,881,196 2025-2028 528,000 45,421 573,421 Total 14,030,295 $ 3,840,889 $ 17,871,184 $ Sidewalk and Curb Interest Bearing Warrants Issued for sidewalk, curb and gutter improvements. Paid for through property assessments. Issue Interest Outstanding Date Rate Term June 30, 2009 1999 6.50% 12 yrs $ 100,248 Annual debt service requirements to maturity for Sidewalk and Curb warrants as of June 30, 2009, were as follows: Fiscal Year Ending June 30 Principal Interest Total 2010 $ 100,248 $ 6,519 $ 106,770 Intercap Loans Intercap loans are loans for capital equipment from the Montana Board of Investments. Payments are due in August and February. The interest rate varies annually based on calculations provided by the State Board of Investments and was 4.85% for fiscal year 2009. Page FS-42 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Original Loan Balance Issue Date Maturity Date Amount June 30, 2009 2004 2014 $ 300,000 $ 191,309 Annual debt service requirements to maturity for Intercap loan as of June 30, 2009, were as follows: Fiscal Year Ending June 30 Principal Interest Total 2010 32,246 $ 5,955 $ 38,201 $ 2011 33,417 7,162 40,579 2012 34,631 5,560 40,191 2013 35,888 3,901 39,789 2014 37,194 2,180 39,374 2015 17,933 426 18,359 Total 191,309 $ 25,184 $ 216,493 $ Component Units Revenue Bonds Missoula Parking Commission: Revenue bonds paid from parking revenues. Date Date Amount Balance Bonds Issued Matures Rate Issued June 30, 2009 Parking Commission 5/1/2001 11/1/2016 4.6-5.5% $1,700,000 $ 950,000 Minimum annual payments on principal and interest for bonds payable are shown below. Fiscal Year Ending June 30 Principal Interest Total 2010 115,000 $ 46,788 $ 161,788 $ 2011 120,000 40,970 160,970 2012 130,000 34,655 164,655 2013 135,000 27,830 162,830 2014 140,000 20,610 160,610 2015-2016 310,000 17,250 327,250 Total 950,000 $ 188,103 $ 1,138,103 $ Missoula Redevelopment Agency: Revenue bonds paid from tax increment revenues. Date Date Amount Balance Bonds Issued Matures Rate Issued June 30, 2009 MAEDC Note Payable 8/10/2006 2031 1.50% 1,125,000 $ 1,125,000 $ 2006 Tax Increment 8/15/2006 2031 4.89% 3,600,000 3,330,000 2007 Tax Increment 10/15/2007 2031 6.95% 1,500,000 1,500,000 Total 6,225,000 $ 5,955,000 $ The City of Missoula applied for and received a $1 million grant from the U.S. Environmental Protection agency (EPA) to create a revolving loan fund to be used for brownfields remediation of the Old Sawmill District located within URD II. The City entered into a subrecipient agreement with the Missoula Area Economic Development Corporation (MAEDC) to manage the revolving loan fund. MAEDC provided $200,000 in matching funds required under the EPA grant, creating a total loan fund of $1.2 million. In August 2006, MAEDC made a loan of $1,000,000 bearing interest at 1.5% to MRP LLC, the developer of Page FS-43 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 the Old Sawmill District, with MRA and the City identified as co-borrowers. The loan will be repaid solely from tax increment revenue resulting from the increased taxable value of the property within the Old Sawmill District, and is not a general obligation of the City. For these reasons, the loan is reflected as a liability of MRA. In August 2007, the loan was increased from $1 million to $1.125 million. Minimum annual payments on principal and interest for the bonds payable are shown below: Fiscal Year Ending June 30 Principal Interest Total 2010 90,000 $ 405,733 $ 495,733 $ 2011 125,000 257,529 382,529 2012 135,000 251,169 386,169 2013 145,000 244,063 389,063 2014 150,000 236,558 386,558 2015-2019 1,720,000 1,014,635 2,734,635 2020-2024 635,000 607,568 1,242,568 2025-2029 1,110,000 417,480 1,527,480 2030-2032 720,000 56,121 776,121 Total 4,830,000 $ 3,490,856 $ 8,320,856 $ Debt service requirements to maturity for the MAEDC loan follow: Fiscal Year Ending June 30 Principal Interest Total 2010 - $ 16,875 $ 16,875 $ 2011 - 16,875 16,875 2012 - 16,875 16,875 2013 - 16,875 16,875 2014 - 16,875 16,875 2015-2019 - 84,375 84,375 2020-2024 265,691 80,419 346,110 2025-2029 562,108 45,737 607,845 2030-2031 297,201 6,455 303,656 Total 1,125,000 $ 301,361 $ 1,426,361 $ Conduit Debt Obligations The City has participated in several issues of industrial revenue bonds issued for the purpose of constructing privately operated facilities within the City. These bonds are not direct or contingent liabilities of the City. Revenues from lease agreements and property purchased with the bond proceeds are pledged for the total payment of principal and interest on the bonds and the bondholders can look only to these sources for repayment. Neither the City, the State, nor any political subdivision thereof is obligated in any manner for repayment of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. As of June 30, 2009, there were three series of industrial revenue bonds outstanding, with an aggregate principal amount payable of $6,248,124. Page FS-44 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 G. Employee Benefits 1. Statewide Retirement Plans Substantially all full-time City employees are eligible for one of three state-wide cost-sharing multiple-employer retirement plans. The City had a total payroll of $22,494,767 for 2009, of which $20,819,710 is covered by PERS, MPORS, or FURS. The financial information for all three retirement plans are reported in the Public Employees’ Retirement Board’s published “Comprehensive Annual Financial Report” for the fiscal year end. It is available from MPERA at 100 North Park Ave, P.O. Box 200131, Helena, MT 59620-0131, (406) 444-3154. Retirement expenditures are reported in the fund incurring the expense. Public Employees’ Retirement System (PERS) PERS is a statewide retirement plan established in 1945 and is governed by Title 19, Chapters 2 and 3 of the Montana Code Annotated providing retirement services for substantially all public employees. The PERS is a mandatory multiple-employer, cost sharing plan administered by the Montana Public Employees’ Retirement Administration (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 of years of service times the final average salary. A guaranteed annual benefit adjustment (GABA) of 1.5% or depending on date of hire, is provided each January for benefit recipients if they have been receiving a benefit for at least 12 months. 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 State legislature has the authority to establish and amend contribution rates to the plan. Plan members are required to contribute 6.90% of compensation. Local government entities are required to contribute 6.935% of members’ compensation. The State of Montana contributes 0.1% of members’ compensation on behalf of local government entities. Firefighters’ Unified Retirement System (FURS) The City contributes to the Firefighters’ Unified Retirement System (FURS). The FURS was established in 1981 and is governed by Title 19, Chapter 13 of the Montana Code Annotated providing retirement services for fully-paid firefighters. The FURS is a mandatory multiple-employer, cost sharing plan administered by the Montana Public Employees’ Retirement Administration (MPERA). 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, who did not elect to be covered under GABA is equal to ½ 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, and members hired prior to July 1, 1997 who have elected to be covered by GABA, the retirement allowance is equal to 2.5% of the highest average compensation for the last consecutive 36 months of service. For members hired after June 30, 1997, and members hired prior to July 1, 1997 who have elected to be covered by GABA, a guaranteed annual benefit adjustment (GABA) of 3.0% is provided each January for benefit recipients if they have been receiving a benefit for at least 12 months. Rights become vested after 5 years of service. The authority to establish, amend and provide cost of living adjustments for the plan is assigned to the State legislature. Page FS-45 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 The State legislature has the authority to establish and amend contribution rates to the plan. Plan members are required to contribute 9.5% of compensation if hired prior to July 1, 1997 and not electing GABA coverage. The contribution for plan members hired after June 30, 1997 and members hired prior to July 1, 1997 and electing GABA coverage is 10.7% of compensation. Employers are required to contribute 14.36% of members’ compensation. The State is required to contribute 32.61% of members’ compensation. One hundred percent of required contributions were received. Municipal Police Officers’ Retirement System (MPORS) The City contributes to the Municipal Police Officers’ Retirement System (MPORS). The MPORS was established in 1975 and is governed by Title 19, Chapter 2 and 9 of the Montana Code Annotated providing retirement services for all municipal police officers of cities covered by the plan. The MPORS is a mandatory multiple-employer, cost sharing plan administered by the Montana Public Employees’ Retirement Administration (MPERA). 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% of final average compensation per year of service. Officers hired prior to July 1, 1997, not electing GABA, shall receive a minimum of ½ of the compensation of a newly hired officer. For members hired after June 30, 1997, and members hired prior to July 1, 1997 who have elected GABA coverage a guaranteed annual benefit adjustment (GABA) of 3.0% is provided each January if the benefit recipient has been receiving a benefit for 12 months prior to January 1. Rights become vested after 20 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 are required to contribute 5.8% (for members hired prior to July 1, 1975 and not electing GABA), 7.0% (for members hired between July 1, 1975 and June 30, 1979 and not electing GABA), 8.5% (for members hired on and after July 1, 1979 and not electing GABA), and 9.0% (for new hires after June 30, 1997 and members electing GABA) of compensation. Employers are required to contribute 14.41% of members’ compensation. The State is required to contribute 29.37% of members’ compensation. One hundred percent of required contributions were received. All of the on-behalf payments for fringe benefits for the City’s employees were recognized as revenues and expenditures/expenses during the period. Contribution rates for the plans are required and determined by State law. The contribution rates, expressed as a percentage of covered payroll for the fiscal year ended June 30, 2009, were: PERS MPORS FURS Employee 6.90% 5.8 – 9.0% 9.5-10.7% Employer 6.935% 14.41% 14.36 % State 0.10% 29.37% 32.61% 5.0% for members hired prior to July 1, 1975 7.0% for members hired between July 1, 1975 and June 30, 1979 (not covered by GABA) 8.5% for members hired on or after July 1, 1979 9.0% for members hired after June 30, 1997 From July 1, 1997 to January 1, 1998 existing members could join the new plan (GABA) 9.5% for members hired prior to July 1, 1997 10.7% for members hired after June 30, 1997 From July 1, 1997 to January 1, 1998 existing members could join the new plan (GABA) Page FS-46 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 The City of Missoula and the State of Montana contributions (including component units) for the years ended June 30, 2007, 2008 and 2009 as listed below, were equal to the required contributions for each year. City State City State City State City State 2007 606,774 $ 8,923 $ 678,509 $ 1,382,916 $ 676,155 $ 1,535,474 $ 42,925 $ 631 $ 2008 656,741 9,564 731,885 1,670,873 677,821 1,538,654 45,[PHONE REDACTED] 689,774 10,320 750,166 1,608,246 715,942 1,667,135 47,295 684 Primary Government Component Units PERS MPORS FURS PERS 2. Insurance The City has a self-insured medical, dental and life insurance plan which provides benefits for all permanent employees electing to be covered. City and employee contribution rates depend on whether the employee is full or part time. City contributions were $503 for a half time employee to $670 for a full time employee. Employee contributions were $10 for full time employees up to $178 for half time employees. Retirees may also participate in the plan. The City subsidizes the retiree’s premium cost at 15%. They paid $539 per month, for medical coverage only. They are not covered by the dental and life insurance plans. City contributions to the plan for the year ended June 30, 2009 were $3,428,102, employee contributions were $408,635 and retiree contributions were $331,336. Premium expenses are charged to the appropriate departments, than deposited into the Employee Benefit Fund, an internal service fund. This fund is used to pay claims, stop loss insurance and an administrator to process claims. An operating transfer in the amount of $61,036 from the General Fund was made to the Employee Benefit Fund during fiscal year 2009. Following is a summary of the changes in the balances of claim liabilities (based on calculations provided by the plan administrator) during fiscal 2007, 2008 and 2009. Claims Payable Beginning of Fiscal Year Claims Incurred Claims Paid Claims Payable End of Fiscal Year 2007 152,339 $ 3,041,420 $ 3,022,700 $ 171,059 $ 2008 171,059 3,146,703 3,095,689 222,073 2009 222,073 3,425,982 3,383,784 264,271 3. Postemployment Benefits Terminated employees may remain on the City’s health insurance plan for up to 18 months if they pay the premiums. This benefit is required under the federal C.O.B.R.A. law. Retirees may remain on the City’s health plan as long as they wish, provided they pay the premiums. State law requires the City to provide this benefit. There are no other post-employment benefits provided by the City. Out of 484 individuals covered by the plan at June 2009, there were 50 retirees and 1 C.O.B.R.A. participant. The City of Missoula sponsors a defined benefit plan for health insurance, which includes coverage for retirees. This plan is named the Health Benefits Plan for the Employees of City of Missoula. The City administers this single-employer plan. The plan provides medical insurance for retirees with the retiree paying a premium for this benefit. Benefits and contribution rates are established and may be amended by the City of Missoula’s Employee Benefits Committee. The plan’s financial information is included as part of the City’s self insurance internal service fund. The City has considered whether the provisions of GASB Statement 43, “Financial Reporting for Postemployment Benefit Plans other than Pension Plans” are applicable to its self-insured plan. Under GASB 43, the City’s plan is not administered as a trust and is a single-employer plan. Accordingly, the City has determined that Statement 43 does not apply. Page FS-47 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 GASB 45 amended GASB 10 to require that retiree amounts be excluded from internal service funds used for medical benefits. However, the City has determined that these amounts are not material; and accordingly, the internal service fund includes amounts related to retirees. The City has adopted the provisions of GASB Statement 45, “Accounting and Financial Reporting by Employers for Postemployment Benefits other than Pension Plans,” in fiscal year 2009. GASB 45 requires employers to calculate the actuarial liability for future retiree benefits and the annual required contribution (ARC) for retirees. The provisions of this statement were applied prospectively. Information on the City’s health benefits plan for retirees in included below. The retiree and the City contribute to the plan. The plan is financed on a pay-as-you-go basis with City contributions ensuring that adequate reserves are maintained in the plan. The City’s contribution is not contributed to a trust for only retiree benefits so it is not considered a contribution towards the annual required contribution under GASB 45. The contributions to the plan are as follows for July 1, 2008. Based on an actuarial study prepared as of June 30, 2009, the City’s annual other post-employment benefit cost was $499,446 for the fiscal year ended June 30, 2009. This cost and the related net other post-employment benefit obligation consisted of the annual required contribution for the year. There were no additional components since fiscal year 2009 was the first year of implementation of GASB 45. There were no qualified contributions made toward this cost. The net other post-employment benefit obligation increased from zero to $499,446 at June 30, 2009. Annual information for previous years will be provided in future years. Retiree City Total Coverage Contribution Contribution Premium Retiree $ 539.24 $ 140.76 $ 680.00 Retiree, spouse 594.49 150.51 745.00 Retiree, spouse, child 617.87 154.63 772.50 Retiree, spouse, 2 children 641.24 158.76 800.00 Retiree, spouse, 3 children 664.62 162.88 827.50 Retiree, spouse, 4 children 687.99 167.01 855.00 Retiree, child 562.62 144.88 707.50 Retiree, 2 children 585.99 149.01 735.00 Retiree, 3 children 609.37 153.13 762.50 Retiree, 4 children 632.74 157.26 790.00 Page FS-48 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 As of June 30, 2009, the most recent actuarial valuation date, the plan had a unfunded accrued actuarial liability of $5,399,965. This liability is not funded under GASB 45 since there are no assets allocated to an irrevocable trust for the retiree benefit plan. Therefore, the funded status of the plan is 0% funded. The annual covered payroll was $7,538,451 for fiscal year 2009, the unfunded actuarial liability was 71.6% of covered payroll. The annual required contribution and the unfunded actuarial liability is allocated to the applicable component units and funds as follows: Component Units Governmental Parking Activities Sewer Aquatics MRA Commission Total Annual Required Contribution $ 451,001 $ 24,222 $ 5,767 $ 6,921 $ 11,535 $ 499,446 Unfunded Actuarial Liability 4,876,181 261,892 62,355 74,826 124,711 5,399,965 Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of events far into the future, and actuarially determined amounts are subject to continual revision as actual results are compared to past expectations and new estimates are made about the future. Projections of benefits for the plan are based on types of benefits provided under the substantive plan at the time of the actuarial valuation and on the pattern of sharing of benefit costs between the employer and plan members to that point. Actuarial calculations reflect a long-term prospective and, consistent with that perspective, actuarial methods and assumptions used include techniques that are designed to reduce short-term volatility in actuarial accrued liabilities. For the actuarial valuation performed at June 30, 2009 the projected unit credit actuarial cost method was used. The health care cost trend rate was 7% for 2009 decreasing to 5% for 2013 and after. The assumed discount and long-term rate of return was 1.64%. The unfunded actuarial liability was amortized on a level- dollar basis over an open period of 30 years. 4. Deferred Compensation Plan The City offers its employees deferred compensation plans created in accordance with Internal Revenue Code Section 457. The plans, available to all City employees, permit them to defer a portion of their salary until future years. The pay out of deferred compensation is not available to employees until termination, retirement, death, or unforeseeable emergency. As the result of a change in federal law effective January 1, 1997, all of the City’s deferred compensation plans have converted to hold the assets in trust for the exclusive benefit of participants and their beneficiaries. As such, the City no longer recognizes the assets of the deferred compensation plans. H. Restricted Cash/Investments/Assets The following restricted cash/investments were held by the City as of June 30, 2009: Description Amount Primary Government Sewer Fund - Restricted for debt service $1,650,130 Component Units Missoula Redevelopment Agency - Restricted for debt service 250,400 Page FS-49 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 Missoula Parking Commission - Restricted for debt service 150,000 Total Restricted Cash $ 2,050,530 The following net assets were restricted by the City for the reasons stated below as of June 30, 2009: Description Amount Primary Government Governmental Funds - Restricted for debt service $3,654,339 Sewer - Restricted for debt service 1,337,645 Component Units Missoula Redevelopment Agency - Restricted for debt service 250,400 Missoula Parking Commission - Restricted for debt service 150,000 Total Restricted Net Assets $5,392,384 Page FS-50 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 I. Interfund Transfers - The City has the following transfers: Transfer To: Transfer From: Amount Explanation General Fund Street Maintenance 55,265 Reimburse General Fund for costs incurred within the flushing district General Fund Gas Tax 564,000 For street maintenance work by City street staff General Fund Employee Health Insurance 3,355,565 Reimburse General Fund from special health levy funds for health insurance premiums paid General Fund Cable TV Franchise 165,837 For right of way maintenance General Fund Russell Park Maintenance 2,932 Reimburse General Fund for costs incurred within the Russell Park Maintenance District General Fund Title I 18,400 Special budget request to support Partnership Health Center General Fund Willowwood Park Maintenance 2,434 Reimburse General Fund for costs incurred within the Willowwood Park Maintenance District $ 4,164,433 Total Non-major Special Revenue transfers to General Fund General Fund SID Revolving 125,000 To reimburse General Fund for SID costs $ 125,000 Total Non-major Debt Service transfers to General Fund General Fund Sewer 290,638 Reimburse General Fund for proportionate share of various technology improvements $ 290,638 Total Major Proprietary fund transfers to General Fund SID Revolving Sidewalk & Curb Warrants 36,812 To appropriate fund activity to correct fund $ 36,812 Total Non-major Debt Service transfers to Non-major Debt Service New Fire Station DS New Fire Station CP 162,732 To appropriate fund activity to correct fund $ 162,732 Total Non-major Capital Project transfers to Non-major Debt Service Capital Improvement General Fund 535,952 Support for capital projects $ 535,952 Total General Fund transfers to Major Capital Project Capital Improvement Park Enterprise 28,344 Support for capital projects $ 28,344 Total Non-major Special Revenue transfers to Major Capital Project Aquatics General Fund 168,000 Support for aquatics activities $ 168,000 Total General Fund transfers to Major Enterprise Funds Employee Benefit Plan General Fund 61,036 Retiree subsidizing of heath insurance premium approved by the City council $ 61,036 Total General Fund transfers to Internal Service Page FS-51 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 J. Joint Operations with the County Through interlocal agreements between the City of Missoula and Missoula County services are provided jointly for Health, Office of Planning and Grants, Library, Animal Control and Missoula Art Museum. Members of the governing boards for these operations are appointed by both the City and County with the exception of the Art Museum. In all cases, the County is responsible for handling the administration and accounting for these service areas and includes them in their financial statements. The City provides office space within City Hall for the Office of Planning and Grants. The Art Museum building is included in the City’s general capital assets. Health, Animal Control and Library are located in County facilities and are recorded on the County’s capital asset records. In all cases, should the interlocal agreements be dissolved, the furniture and equipment will be returned to each unit of government on an equal basis. Buildings will remain in the custody of the government currently reporting them. The City and County meet each year to determine budgetary support. All of the above services have had sufficient funding to carry out their intended purposes. K. Risk Management The City faces a considerable number of risks of loss, including: a) damage to and loss of property and contents, b) citizen and employee tort claims, 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. Commercial policies, transferring all risks of loss, except for relatively small deductible amounts are purchased for property and content damage and professional liabilities. The City participates in three statewide public risk pools operated by the Montana Municipal Insurance Authority (MMIA), for property insurance, workers’ compensation and for tort liability coverage. Employee medical insurance is provided through a privately administered, self-insured plan. The City of Missoula has an addendum through MMIA in its property coverage termed pollution coverage for environmental damages. Coverage limits and the deductibles on the commercial policies have stayed relatively constant for the last several years. The premiums for the policies are paid from the General Fund. Settled claims resulting from these risks have not exceeded commercial insurance coverage in the last three years. In 1986 the City joined together with other Montana cities to form the Montana Municipal Insurance Authority which established a workers’ compensation plan and a tort liability plan. Both public entity risk pools currently +operate as common risk management and insurance programs for the member governments. The liability limits for damages in tort action for claims brought pursuant to state law are $750,000 per claim and $1.5 million per occurrence with a $15,000 deductible per occurrence. State tort law limits the City’s liability to $1.5 million. There are no liability limits for claims filed pursuant to federal law. The city pays an annual premium for its employee injury insurance coverage, which is allocated to the employer funds based on total salaries and wages. The agreements for formation of the pools provide that they will be self-sustaining through member premiums. Complete financial statements can be obtained by contacting MMIA at PO Box 6669, Helena, MT 59604-6669. The City provides medical insurance coverage for its employees via a self-insured plan administered by Allegiance Benefit Plan Management, Inc. It provides medical, dental and vision benefits and is operated as an Internal Service Fund, funded by premiums charged to each department, based on the employees in that department, premiums from employees for their spouses, dependents, premiums from retirees electing to remain under the City’s plan, and pro rated premiums from part-time and seasonal eligible employees. A commercial "stop-loss" policy has been purchased to cover any claims that exceed $110,000 per individual or in aggregate for the plan in excess of 95% of the first aggregate attachment point times 12. Page FS-52 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2009 L. Pending Litigation The City of Missoula is party to certain litigation under which it may be required to pay certain monies upon the decision of the courts. The office of the City Attorney reports various contingent liabilities based on the amount of damages alleged in various cases. It is the opinion of the City Attorney that the City’s liability in the cases not covered by insurance will not be material to the financial statements, except one case in which it is reasonably possible that the amount of uninsured loss could be material. However, because the amount of the loss, if any, is not reasonably determinable no provision has been made in the financial statements for these contingent liabilities. M. Construction Commitments The City has entered into the following contracts for the design, construction or renovation of the following capital projects: Expended Remaining Sewer Funds to Date Commitment Headworks Upgrade 205,087 485,882 Linda Vista Maloney Ranch Sewer 169,529 86,692 East Broadway Lift Station 5,172 9,750 Dickens Lift Station 38,029 20,303 Expended Remaining Governmental Funds to Date Commitment Fort Missoula Regional Park $ 137,567 $ 3,500 Silvers Lagoon & Silver Park 194,705 485,979 Pineview Park 319,379 6,737 Playfair 7,521 14,038 Grant Creek Trail 78,883 13,139 Milwaukee Trail 72,765 254 SID 544 Rattlesnake Project - 47,556 Lolo Street project - 68,275 N. Restatements Governmental capital assets were restated for calculation errors in the amount of $249,569, which increased capital assets and net assets of governmental activities in the government-wide financial statements. O. Subsequent Events The following bond issues were competitively sold and closed on August 10, 2009: $750,000 SID #541 – Pineview Park $645,000 Pooled Special Sidewalk, Curb, Gutter, and Alley approach Bonds Series 2009 The following equipment financing was closed on October 15, 2009: $1,378,124 Master Governmental Lease Purchase Agreement – heavy equipment/rolling stock. On August 10, 2006 the Missoula Revitalization Project LLC, the City of Missoula and the MRA entered into a Loan Agreement with the Missoula Area Economic Development Corp for a $1,000,000 loan, later increased to $1,125,000, from the Missoula Brownfields Revolving Loan Fund. Subsequent to year end the loan was again increased to $1,525,000. Page FS-53 ---PAGE BREAK--- BUDGET TO ACTUAL BUDGET TO ACTUAL COMPARISON COMPARISON GENERAL FUND GENERAL FUND ---PAGE BREAK--- ---PAGE BREAK--- REQUIRED REQUIRED SUPPLEMENTARY INFORMATION SUPPLEMENTARY INFORMATION OTHER THAN MANAGEMENT OTHER THAN MANAGEMENT DISCUSSION AND ANALYSIS DISCUSSION AND ANALYSIS ---PAGE BREAK--- ---PAGE BREAK--- General Fund Variance Budgeted Amounts Actual with Final Original Final Amounts Budget Revenues Taxes and assessments 18,764,151 $ 18,764,151 $ 18,477,296 $ (286,855) $ Licenses and permits 1,504,343 1,504,343 1,180,657 (323,686) Intergovernmental 9,727,847 10,203,854 10,123,957 (79,897) Charges for services 3,718,090 4,288,588 3,568,065 (720,523) Fines and forfeitures 1,269,500 1,269,500 1,086,994 (182,506) Miscellaneous 194,700 242,623 131,153 (111,470) Investment earnings 300,000 300,000 107,986 (192,014) New Requests 1,108,098 - - - Total revenues 36,586,729 36,573,059 34,676,108 (1,896,951) Expenditures General government 8,615,439 7,853,872 7,291,495 562,377 Public safety 20,730,020 21,388,505 20,292,803 1,095,702 Public works 6,652,626 6,771,885 6,326,179 445,706 Public health 1,419,977 1,419,977 1,404,043 15,934 Social and economic services 118,450 118,450 118,450 - Culture and recreation 3,456,322 3,531,152 3,231,729 299,423 Capital outlay 245,798 206,121 208,801 (2,680) Total Expenditures 41,238,632 41,289,962 38,873,500 2,416,462 Excess of revenues over expenditures (4,651,903) (4,716,903) (4,197,392) (4,313,413) Other Financing Sources (Uses) Transfers in 4,588,286 4,653,285 4,580,071 (73,214) Transfers out (1,058,348) (1,058,348) (764,988) (293,360) Proceeds from sale of capital assets - - 80,623 80,623 Total Other Financing Sources (Uses) 3,529,938 3,594,937 3,895,706 (285,951) Net change in fund balance (1,121,965) (1,121,966) (301,686) (4,599,364) Fund balances - beginning 1,127,844 1,127,844 1,202,073 1,202,073 Fund balances - ending 5,879 $ 5,878 $ 900,387 $ (3,397,291) $ Note: The City prepares its budget on the basis of generally accepted accounting principles. City of Missoula, Montana Budgetary Comparison Schedule June 30, 2009 Page FS-54 ---PAGE BREAK--- Governmental Parking Actuarial Valuation Date: 6/30/09 Activities Sewer Aquatics MRA Commission Total Accrued Actuarial Liability 4,876,181 $ 261,892 $ 62,355 $ 74,826 $ 124,711 $ 5,399,965 $ Actuarial Value of Assets - - - - - Unfunded Actuarial Liability 4,876,181 $ 261,892 $ 62,355 $ 74,826 $ 124,711 $ 5,399,965 $ Funded Ratio 0% 0% 0% 0% 0% 0% Annual Covered Payroll 6,584,303 $ 511,639 $ - $ 176,481 $ 266,028 $ 7,538,451 $ Unfunded Actuarial Liability to Covered Payroll 74% 51% N/A 42% 47% 72% City of Missoula, Montana Schedule of Funding Status for Retiree Health Insurance Benefit Plan June 30, 2009 Component Units Page FS-55 ---PAGE BREAK--- SUPPLEMENTAL INFORMATION SUPPLEMENTAL INFORMATION ---PAGE BREAK--- ---PAGE BREAK--- COMBINING FINANCIAL COMBINING FINANCIAL STATEMENTS STATEMENTS ---PAGE BREAK--- ---PAGE BREAK--- NONMAJOR GOVERNMENTAL FUNDS FUND DESCRIPTIONS SPECIAL REVENUE FUNDS Special revenue funds account for resources and expenditures which are designated by law or contractual agreement for specified functions or activities and are legally required to be accounted for in separate funds. Such resources are derived from specific taxes, federal grants and entitlements. Park Acquisition & Development Fund – Accounts for the revenues and expenditures of money received from developers as “Payment In Lieu of” park land dedications. This money is earmarked for park acquisition and initial development. It is often used as local match money for development grants from the Heritage Conservation and Recreation Service (HCRS). Park Enterprise Fund – Accounts for fees from adult recreation programs for purchases and improvements to benefit those programs directly. Revenue sources are “Field Use Fees” from organized recreation leagues and fees received from the School Districts for their use of park facilities. Parks & Trails Development Fund – This fund provides a means to budget and account for donation and bequests for Caras Park Improvements. This fund also receives annual lease payments from the Carousel which must be used for parks and trails improvements and enhancements. Cemetery Cremain Wall and Memorials Fund – This fund accounts for the sale of niche plates and miscellaneous donations that become available. Expenditures from this fund are primarily for the improvements related to niche walls. Cemetery Care Fund – Accounts for proceeds from the sale of cemetery lots. The fund receives 25% of all moneys realized from the sale of cemetery lots, and this money as well as investment interest is used for the care and maintenance of the City Cemetery. Title I Projects Fund – The City began receiving revenues in FY86 from projects done in the Central Business District which used the U.S. Department of Housing and Urban Development’s Urban Development Action Grants. The revenues will be loan repayments from the Central Square office building and from the Sheraton Hotel Project. All expenditures have to be for eligible projects of the Housing and Community Development Act of 1974 as amended. Impact Fee Fund – The City enacted general impact fees effective October 1, 2004. The revenues received in this fund will be used to fund public costs and facilities that have additional demands placed on them by new development. Page SI-1 ---PAGE BREAK--- NONMAJOR GOVERNMENTAL FUNDS FUND DESCRIPTIONS (Cont.) SPECIAL REVENUE FUNDS (Cont.) Public Art Fund – This fund is used to further public accessibility to the arts through educational programs, dissemination of information, development of public art projects, development of public art funding sources, and to serve an advisory /advocacy role with public art sponsors and media. Employee Health Insurance Agency – This fund receives tax revenues from the All Purpose Levy for the costs of the City’s self-insurance plan and transfers funds to the general fund to offset the cost of health insurance for City employees. Cable Television Franchise Fund – Accounts for revenue from cable television franchise agreements, pursuant to the Cable TV Franchise Enabling Ordinance (#2617) and a Non- exclusive Cable TV Franchise Ordinance (#2618). The City receives 5% of gross revenues after 50% advertising revenue is deducted for the exclusive ordinance (#2617) and 5% of gross revenues for the non-exclusive ordinance (#2618) for franchise fees. Drug Forfeiture Fund – This fund accounts for property, money from sales of seized property, and cash payments resulting from Justice of the Peace verdicts, and seized cash from drug related crimes. Money received in this fund has to be spent on drug related expenditures. Building Inspection Fund – Accounts for revenues and expenditures relating to the administration and enforcement of building regulations in the City of Missoula and the jurisdictional area, which is approximately four and one-half miles beyond the City limits. City Grants and Program Income Fund – This fund is used to aid qualified landlords for rehabilitation work, in an effort to improve the rental housing stock in Missoula, and also to assist low to moderate income individuals. Revolving Loan Fund – This fund derives its funding from sewer assistance grants that have been repaid to the City, in addition to a water quality district appropriation. The money is used to provide sewer connection assistance to limited income persons within Missoula County. Street Lighting Districts – The purpose of this fund is to pay 100% of the utility bills for the City’s street lighting districts. Street Maintenance – This fund pays for the costs of services associated with the maintenance and care of Street Maintenance District Page SI-2 ---PAGE BREAK--- NONMAJOR GOVERNMENTAL FUNDS FUND DESCRIPTIONS (Cont.) SPECIAL REVENUE FUNDS (Cont.) Russell Park West Maintenance – This fund pays for the services associated with the maintenance and care of Russell Park West. Willowwood Park Maintenance – This fund pays for the services associated with the maintenance of Willowwood Park. Gas Tax Fund – This fund receives and distributes gasoline tax revenues from the State of Montana. Expenditures are restricted to labor and materials for street improvements and cannot be used for equipment purchases. Crime Victim Surcharge Fund - Accounts for revenues and expenditures related to the office of Crime Victim Advocates. Revenue comes from fees collected ($24 per criminal citation, except traffic citations) and is disbursed to the Office of Planning and Grants to be used for the staffing of Crime Victim Advocates. Law Enforcement Block Grant Fund – Accounts for funds received and expended from a Local Law Enforcement Block Grant authorized by the Omnibus FY 96 Appropriations Act. HIDTA (High Intensity Drug Trafficking Area) Grant Fund – Accounts for funds received and expended by the HIDTA Task Force. Reimbursement for this multi- jurisdictional task force is provided by Office of National Drug Control Policy. Community Development Block Grant – Accounts for transactions related to Community Development Block Grants that are awarded to the City. HOME Grant – Accounts for transactions related to HOME Grants that are awarded to the City. ADDI (American Dream Downpayment Initiative) - Accounts for funds received and expended to provide first-time homebuyer assistance for Missoulians with annual incomes between 50% and 80% of the area median income. Federal Transportation – Accounts for Federal CTEP grant funds and matching money from other City Funds that is to be expended for projects identified by the City’s Capital Improvement Program and approved by the State. Grants and Donations – This fund accounts for the receipt and expenditure of a variety of grant and donation funds. Page SI-3 ---PAGE BREAK--- NONMAJOR GOVERNMENTAL FUNDS FUND DESCRIPTIONS (Cont.) DEBT SERVICE FUNDS The debt service funds account for the accumulation of resources for the payment of principal and interest in debt such as general obligation, tax increment, and special assessment. SID Revolving Funds – These funds account for moneys designated as revolving funds for debt service for loans incurred for special improvement districts. 1998 Public Safety Bond – Provides debt service related to the issuance of the bonds to purchase Police, Fire, and Communications Equipment. 1996 Open Space Bond - This fund was created to provide debt service related to the issuance of general obligation bonds to purchase open space and conservation easements. The interest rate on this bond issue varies from 3.8% to 7.25%. 1997 Open Space Bond - This fund was created to provide debt service related to the issuance of general obligation bonds to purchase open space and conservation easements. The interest rate on this bond issue varies from 3.9% to 5.2%. 1994 City Hall & Fire Bonds – Provides debt service for bonds sold to finance improvements to City Hall and to purchase fire equipment. 1993 Fire Station Bonds – Issued to purchase land and build a new fire station on the west side of Missoula as well as replace the downtown headquarters fire station. The interest rate on the amortization bonds is 5.48%. 2004 Aquatics Bonds – Issued to construct a new aquatics facility that will be located at McCormick Park and repair the public swimming pools. The interest rate on the amortization bonds varies from 3.00% to 4.50%. 2004 GO Refunding Bonds – Issued in 2004 to provide funds for refunding on July 1, 2004 the City’s outstanding General Obligation Bonds, Series 1993 and Series 1994. The interest rate varies from 3.0% to 3.8%. 2006 Fire Station GO Bonds – Issued in 2005 to provide funds for expanding, upgrading and making improvements to the City’s firefighting facilities and capacity, including: designing, constructing, and acquiring equipment, including a fire pumper and a wildland fire engine for a new fire station (Fire Station Five) in the Linda Vista Miller Creek area to serve the southwest part of the city; demolishing existing Fire Station Two and designing, constructing, and equipping on the site a new Fire Station Two; remodeling, expanding and equipping Fire Station Three (the “Project”) and paying costs associated with the sale and issuance of the bonds. Page SI-4 ---PAGE BREAK--- NONMAJOR GOVERNMENTAL FUNDS FUND DESCRIPTIONS (Cont.) DEBT SERVICE FUNDS (Cont.) 2007 GO Refunding Bonds - Issued in 2007 to provide for refunding the City’s outstanding General Obligation Bonds, Series 1996, Series 1997 and Series 1998. The interest rate varies from 3.6% to 4.0%. Sidewalk & Curb Funds - These funds are used to account for and provide debt service for various bond issues to make sidewalk and curb improvements. SID Funds – These funds provide debt service for debt incurred to create, construct and maintain special improvement districts within the City. CAPITAL PROJECTS FUNDS The capital projects funds account for the financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by proprietary and trust funds). 1997 Open Space Purchase Fund – Missoula voters approved a $5,000,000 general obligation bond referendum in November 1997 allowing the City to purchase open space land and conservation easements. 2006 Fire Station GO Bond - Missoula voters approved a $5,740,000 general obligation bond referendum in November 2005 for the purpose of expanding, upgrading, and making improvements to the City of Missoula’s firefighting facilities and capacity. This includes designing, constructing, and acquiring equipment, including a fire pumper and a wildland fire engine for a new fire station (Fire Station Five) in the Linda Vista Miller Creek area to serve the southwest part of the city; demolishing existing Fire Station Two and designing, constructing, and equipping on the site a new Fire Station Two; remodeling, expanding, and equipping Fire Station Three; related improvements; and paying costs associated with the sale and issuance of the bonds. Page SI-5 ---PAGE BREAK--- NONMAJOR GOVERNMENTAL FUNDS FUND DESCRIPTIONS (Cont.) CAPITAL PROJECTS FUNDS (Cont.) Sidewalk and Curb – Accounts for various sidewalk and curb improvements funded through various bond issues. SID Funds – These funds account for the creation, construction and maintenance of special improvement districts within the City. Miller Creek Mitigation Funds – These funds account for fees collected by the County from new developments to pay for road improvements in the Miller Creek area. Page SI-6 ---PAGE BREAK--- NONMAJOR GOVERNMENTAL NONMAJOR GOVERNMENTAL FUNDS FUNDS ---PAGE BREAK--- ---PAGE BREAK--- TOTALS FOR TOTALS FOR COMBINING BALANCE SHEET COMBINING BALANCE SHEET AND AND COMBINING SCHEDULE OF COMBINING SCHEDULE OF REVENUES, REVENUES, EXPENDITURES AND CHANGES EXPENDITURES AND CHANGES IN FUND BALANCE IN FUND BALANCE FOR NONMAJOR FOR NONMAJOR GOVERNMENTAL FUNDS GOVERNMENTAL FUNDS ---PAGE BREAK--- ---PAGE BREAK--- --TOTALS-- NONMAJOR SPECIAL DEBT CAPITAL GOVERNMENTAL REVENUE SERVICE PROJECTS FUNDS ASSETS Cash and Investments 909,162 $ 1,757,387 $ 893,208 $ 3,559,757 $ Taxes Receivable 211,474 135,310 - 346,784 Special Assessments Receivable 17,865 147,939 - 165,804 Interest Receivable 2,020 8,201 (568) 9,653 Prepaid Expense 5,130 - - 5,130 Other Receivables 148,032 181,233 - 329,265 Long Term Loans 11,008 - - 11,008 Interfund Receivable 3,322,707 1,417,109 688,244 5,428,060 Due From Other Governments 725,139 132,204 - 857,343 Deferred Assessments Receivable - 11,205,910 - 11,205,910 TOTAL ASSETS 5,352,537 $ 14,985,293 $ 1,580,884 $ 21,918,714 $ LIABILITIES Accounts Payable 425,812 $ 1,857 $ 408,280 $ 835,949 $ Accrued Payroll 49,879 - - 49,879 Interfund Payable 817,473 259,835 1,254,619 2,331,927 Deferred Revenues 245,284 11,650,888 - 11,896,172 TOTAL LIABILITIES 1,538,448 11,912,580 1,662,899 15,113,927 FUND EQUITY Fund Balance Reserved For Debt Service - 3,072,713 - 3,072,713 Undesignated 3,814,089 - (82,015) 3,732,074 TOTAL EQUITY AND OTHER CREDITS 3,814,089 3,072,713 (82,015) 6,804,787 TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS 5,352,537 $ 14,985,293 $ 1,580,884 $ 21,918,714 $ CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET TOTALS FOR NONMAJOR GOVERNMENTAL FUNDS June 30, 2009 Page SI-7 ---PAGE BREAK--- --TOTALS-- SPECIAL DEBT CAPITAL NONMAJOR REVENUE SERVICE PROJECTS GOVERNMENTAL REVENUES Taxes 3,276,546 $ 2,221,860 $ - $ 5,498,406 $ Special Assessments 361,870 1,954,248 - 2,316,118 Licenses & Permits 1,573,047 - - 1,573,047 Intergovernmental 2,967,497 - 30,000 2,997,497 Charges for Services 871,434 - - 871,434 Fines and Forfeitures 43,183 - - 43,183 Miscellaneous 117,049 - 709,977 827,026 Investment Earnings 26,013 92,956 112 119,081 TOTAL REVENUES 9,236,639 4,269,064 740,089 14,245,792 EXPENDITURES General Government 373,778 80,228 - 454,006 Public Safety 1,376,236 - - 1,376,236 Public Works 298,633 - - 298,633 Culture and Recreation 46,346 - - 46,346 Community Development 1,193,372 - - 1,193,372 Debt Service - 3,808,412 - 3,808,412 Capital Outlay 1,152,010 - 2,135,651 3,287,661 TOTAL EXPENDITURES 4,440,375 3,888,640 2,135,651 10,464,666 Excess (Deficiency) of Revenues Over Expenditures 4,796,264 380,424 (1,395,562) 3,781,126 OTHER FINANCING SOURCES (USES) Operating Transfers In - 199,544 - 199,544 Operating Transfers Out (4,192,777) (161,812) (162,732) (4,517,321) Sale of Capital Assets 2,093 - - 2,093 TOTAL OTHER FINANCING SOURCES (USES) (4,190,684) 37,732 (162,732) (4,315,684) Excess (Deficiency) of Revenues and Other Sources Over Expenditures and Other Uses 605,580 418,156 (1,558,294) (534,558) Fund Balance, July 1, 2008 3,208,509 2,654,557 1,476,279 7,339,345 Fund Balance, June 30, 2009 3,814,089 $ 3,072,713 $ (82,015) $ 6,804,787 $ CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE TOTALS FOR NONMAJOR GOVERNMENTAL FUNDS June 30, 2009 Page SI-8 ---PAGE BREAK--- COMBINING BALANCE SHEET COMBINING BALANCE SHEET FOR NONMAJOR FOR NONMAJOR GOVERNMENTAL GOVERNMENTAL SPECIAL REVENUE SPECIAL REVENUE FUNDS FUNDS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL SPECIAL REVENUE FUNDS JUNE 30, 2009 Park Park Trail Cremain Acquisition Enterprise Development Wall ASSETS AND OTHER DEBITS Cash and Investments - $ - $ - $ 38,234 $ Taxes Receivable - - - - Special Assessments Receivable - - - - Interest Receivable - - - - Prepaid Expenses - - - - Other Receivables Vendors - - - - Mountain Water Notes - - - - Interfund Receivable 331,064 182,135 236,986 - Long Term Loans Extended Family Services - - - - Due From Other Governments - - - - TOTAL ASSETS 331,064 $ 182,135 $ 236,986 $ 38,234 $ - $ - $ 367 $ - $ - - - - - - - - - - - - - - 367 - 331,064 182,135 236,619 38,234 331,064 182,135 236,619 38,234 331,064 $ 182,135 $ 236,986 $ 38,234 $ Continued Undesignated TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Accrued Payroll Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Page SI-9 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL SPECIAL REVENUE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Prepaid Expenses Other Receivables Vendors Mountain Water Notes Interfund Receivable Long Term Loans Extended Family Services Due From Other Governments TOTAL ASSETS Undesignated TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Accrued Payroll Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Cemetery Title One Impact Public Employee Cable TV Care Projects Fee Art Health Ins Franchise - $ - $ - $ 58,978 $ - $ 36,716 $ - - - - 211,474 - - - - - - - - 1,334 1,871 - (1,552) - - - - - - - - - 1,561 - - 137,194 - - - - - - 291,852 580,818 814,429 - - - - 11,008 - - - - - - - - 156,856 - 291,852 $ 593,160 $ 817,861 $ 58,978 $ 366,778 $ 173,910 $ - $ 5,149 $ 8,635 $ - $ - $ 928 $ - - - - - - - - - - 675,827 - - 11,008 - - 211,474 - - 16,157 8,635 - 887,301 928 291,852 577,003 809,226 58,978 (520,523) 172,982 291,852 577,003 809,226 58,978 (520,523) 172,982 291,852 $ 593,160 $ 817,861 $ 58,978 $ 366,778 $ 173,910 $ Continued Page SI-10 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL SPECIAL REVENUE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Prepaid Expenses Other Receivables Vendors Mountain Water Notes Interfund Receivable Long Term Loans Extended Family Services Due From Other Governments TOTAL ASSETS Undesignated TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Accrued Payroll Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Drug Building Program Revolving Street Street Forfeiture Division Income Loan Program Lighting Maintenance 55,382 $ - $ 2,241 $ 48,727 $ - $ - $ - - - - - - - - - - 12,713 5,152 - 416 (213) 112 - - - 5,130 - - - - - 4,115 - - - - - - 5,162 - - - - 181,206 - - 252,470 - - - - - - - 4,840 - - - 3,320 1,079 60,222 $ 190,867 $ 7,190 $ 48,839 $ 268,503 $ 6,231 $ 1,152 $ 1,749 $ - $ - $ - $ 1,764 $ - 13,790 - - - - - - - - - 7,662 - - 4,937 - 12,713 5,152 1,152 15,539 4,937 - 12,713 14,578 59,070 175,328 2,253 48,839 255,790 (8,347) 59,070 175,328 2,253 48,839 255,790 (8,347) 60,222 $ 190,867 $ 7,190 $ 48,839 $ 268,503 $ 6,231 $ Continued Page SI-11 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL SPECIAL REVENUE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Prepaid Expenses Other Receivables Vendors Mountain Water Notes Interfund Receivable Long Term Loans Extended Family Services Due From Other Governments TOTAL ASSETS Undesignated TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Accrued Payroll Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Russell Willowwood State Gas Crime Victim Law Enforcement Park Mtnc Maintenance Tax Surcharge Grant - $ 43 $ - $ 12,377 $ - $ - - - - - - - - - - - - - 28 (14) - - - - - - - - - - - - - - - - - 113,373 - - - - - - - - - - 6,896 5,525 - $ 43 $ 113,373 $ 19,301 $ 5,511 $ - $ - $ 62,089 $ 17,737 $ - $ - - - - - 2,478 - - - 6,587 - - - - - 2,478 - 62,089 17,737 6,587 (2,478) 43 51,284 1,564 (1,076) (2,478) 43 51,284 1,564 (1,076) - $ 43 $ 113,373 $ 19,301 $ 5,511 $ Continued Page SI-12 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL SPECIAL REVENUE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Prepaid Expenses Other Receivables Vendors Mountain Water Notes Interfund Receivable Long Term Loans Extended Family Services Due From Other Governments TOTAL ASSETS Undesignated TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Accrued Payroll Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance HIDTA Comm. Devel. Community HOME Federal Grant Program Income Development Grant Transportation 636,196 $ 16,436 $ - $ - $ - $ - - - - - - - - - - - 38 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 81,453 287,426 102,834 636,196 $ 16,474 $ 81,453 $ 287,426 $ 102,834 $ 840 $ - $ - $ 255,698 $ 56,668 $ - - - - 34,507 - - 90,310 4,543 30,066 - - - - - 840 - 90,310 260,241 121,241 635,356 16,474 (8,857) 27,185 (18,407) 635,356 16,474 (8,857) 27,185 (18,407) 636,196 $ 16,474 $ 81,453 $ 287,426 $ 102,834 $ Continued Page SI-13 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL SPECIAL REVENUE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Prepaid Expenses Other Receivables Vendors Mountain Water Notes Interfund Receivable Long Term Loans Extended Family Services Due From Other Governments TOTAL ASSETS Undesignated TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Accrued Payroll Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Grants & Donations TOTALS 3,832 $ 909,162 $ - 211,474 - 17,865 - 2,020 - 5,130 - 142,870 - 5,162 338,374 3,322,707 - 11,008 74,910 725,139 417,116 $ 5,352,537 $ 13,036 $ 425,812 $ 1,582 49,879 - 817,473 - 245,284 14,618 1,538,448 402,498 3,814,089 402,498 3,814,089 417,116 $ 5,352,537 $ Page SI-14 ---PAGE BREAK--- COMBINING BALANCE SHEET COMBINING BALANCE SHEET FOR NONMAJOR FOR NONMAJOR GOVERNMENTAL GOVERNMENTAL DEBT SERVICE DEBT SERVICE FUNDS FUNDS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS JUNE 30, 2009 SID 1998 1996 Open 1997 Open 1994 City Hall 1993 Fire 2004 Aquatics Revolving Safety Bond Space Bonds Space Bond & Fire Bonds Bonds Bonds ASSETS AND OTHER DEBITS Cash and Investments 702,257 $ - $ 376 $ 50,599 $ 286 $ 505 $ - $ Taxes Receivable - 2,570 4,607 1,431 2,395 3,951 39,763 Special Assessments Receivable - - - - - - - Interest Receivable 1,611 (11) 1 994 - 1 (102) Other Receivables Mountain Water Notes 181,233 - - - - - - Interfund Receivable - - - - - - - Due From Other Governments - 72 65 30 - - 33,067 Deferred Assessments - - - - - - - TOTAL ASSETS 885,101 $ 2,631 $ 5,049 $ 53,054 $ 2,681 $ 4,457 $ 72,728 $ Accounts Payable - $ - $ - $ - $ - $ - $ - $ Interfund Payable - 4,835 - - - - 44,511 Deferred Revenues 165,702 2,570 4,607 1,431 2,395 3,951 39,763 TOTAL LIABILITIES 165,702 7,405 4,607 1,431 2,395 3,951 84,274 FUND EQUITY AND OTHER CREDITS Fund Balance Reserved For Debt Service 719,399 (4,774) 442 51,623 286 506 (11,546) TOTAL EQUITY AND OTHER CREDITS 719,399 (4,774) 442 51,623 286 506 (11,546) AND OTHER CREDITS 885,101 $ 2,631 $ 5,049 $ 53,054 $ 2,681 $ 4,457 $ 72,728 $ Continued LIABILITIES, EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY Page SI-15 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Other Receivables Mountain Water Notes Interfund Receivable Due From Other Governments Deferred Assessments TOTAL ASSETS Accounts Payable Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Reserved For Debt Service TOTAL EQUITY AND OTHER CREDITS AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY 2004 2006 2007 Sidewalk FY99 Sidewalk FY00 Sidewalk FY01 Sidewalk Refunding Fire Station GO Refunding Bonds & Curb & Curb & Curb & Curb - $ 45,614 $ - $ 58,499 $ - $ 2,781 $ 36,207 $ 26,908 26,397 27,288 - - - - - - - 8,683 19,315 10,295 2,993 (79) 548 (284) 321 6 83 - - - - - - - - - - - - - - 22,650 24,526 26,314 - - 1,751 - - - - 7,073 54,559 103,058 61,517 49,479 $ 97,085 $ 53,318 $ 74,576 $ 73,872 $ 117,891 $ 100,800 $ - $ - $ - $ - $ - $ - $ - $ 34,183 - 123,623 - 759 - - 26,908 26,397 27,288 15,756 73,874 113,353 64,510 61,091 26,397 150,911 15,756 74,633 113,353 64,510 (11,612) 70,688 (97,593) 58,820 (761) 4,538 36,290 (11,612) 70,688 (97,593) 58,820 (761) 4,538 36,290 49,479 $ 97,085 $ 53,318 $ 74,576 $ 73,872 $ 117,891 $ 100,800 $ Continued Page SI-16 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Other Receivables Mountain Water Notes Interfund Receivable Due From Other Governments Deferred Assessments TOTAL ASSETS Accounts Payable Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Reserved For Debt Service TOTAL EQUITY AND OTHER CREDITS AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY FY02 Sidewalk FY03 Sidewalk FY04 Sidewalk FY05 Sidewalk FY06 Sidewalk FY07 Sidewalk FY08 Sidewalk & Curb & Curb & Curb & Curb & Curb & Curb & Curb 23,010 $ - $ 35,188 $ 86,613 $ 137,019 $ 63,197 $ - $ - - - - - - - 2,382 4,768 9,084 8,888 8,858 3,306 8,922 54 (67) 80 199 315 145 (16) - - - - - - - - - - - - - - 2,586 163 881 2,064 3,608 381 2,361 72,505 270,351 287,389 397,775 679,067 715,265 515,302 100,537 $ 275,215 $ 332,622 $ 495,539 $ 828,867 $ 782,294 $ 526,569 $ 300 $ 250 $ - $ - $ - $ - $ 1,307 $ - 29,277 - - - - 6,910 74,887 275,119 296,473 406,663 687,925 718,571 524,224 75,187 304,646 296,473 406,663 687,925 718,571 532,441 25,350 (29,431) 36,149 88,876 140,942 63,723 (5,872) 25,350 (29,431) 36,149 88,876 140,942 63,723 (5,872) 100,537 $ 275,215 $ 332,622 $ 495,539 $ 828,867 $ 782,294 $ 526,569 $ Continued Page SI-17 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Other Receivables Mountain Water Notes Interfund Receivable Due From Other Governments Deferred Assessments TOTAL ASSETS Accounts Payable Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Reserved For Debt Service TOTAL EQUITY AND OTHER CREDITS AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY FY09 Sidewalk & Curb SID 495 SID 497 SID 498 SID 501 SID 503 SID 505 - $ 222 $ 3,575 $ - $ 90,642 $ 25,233 $ 12,789 $ - - - - - - - - - 242 2,711 3,618 281 - - 1 8 416 209 58 30 - - - - - - - - - - 180,956 - - - - - - 896 635 - - 645,000 - - 310,135 102,177 35,113 - 645,000 $ 223 $ 3,825 $ 495,114 $ 197,281 $ 60,685 $ 12,819 $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - 645,000 - (79) 312,456 105,795 35,394 - 645,000 - (79) 312,456 105,795 35,394 - - 223 3,904 182,658 91,486 25,291 12,819 - 223 3,904 182,658 91,486 25,291 12,819 645,000 $ 223 $ 3,825 $ 495,114 $ 197,281 $ 60,685 $ 12,819 $ Continued Page SI-18 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Other Receivables Mountain Water Notes Interfund Receivable Due From Other Governments Deferred Assessments TOTAL ASSETS Accounts Payable Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Reserved For Debt Service TOTAL EQUITY AND OTHER CREDITS AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY SID 506 SID 507 SID 508 SID 510 SID 511 SID 512 SID 513 1,371 $ 7,286 $ 841 $ 109,317 $ 25,764 $ - $ 29,912 $ - - - - - - - - - - 999 1,046 3,798 - 3 17 2 251 59 526 69 - - - - - - - - - - - - 229,175 - - - - 347 127 (3,743) - - - 902 63,849 63,112 660,006 - 1,374 $ 7,303 $ 1,745 $ 174,763 $ 90,108 $ 889,762 $ 29,981 $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - - - 902 64,848 64,158 663,804 - - - 902 64,848 64,158 663,804 - 1,374 7,303 843 109,915 25,950 225,958 29,981 1,374 7,303 843 109,915 25,950 225,958 29,981 1,374 $ 7,303 $ 1,745 $ 174,763 $ 90,108 $ 889,762 $ 29,981 $ Continued Page SI-19 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Other Receivables Mountain Water Notes Interfund Receivable Due From Other Governments Deferred Assessments TOTAL ASSETS Accounts Payable Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Reserved For Debt Service TOTAL EQUITY AND OTHER CREDITS AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY SID 514 SID 515 SID 517 SID 518 SID 519 SID 520 SID 521 78,970 $ - $ 6,370 $ 5,630 $ 11,492 $ - $ 4,837 $ - - - - - - - 1,181 - 2,860 323 282 14,401 14 182 (36) 15 13 26 311 11 - - - - - - - - - - - - 135,147 - 208 - 118 - 110 5,482 - 27,680 - 10,725 4,641 16,364 1,202,750 - 108,221 $ (36) $ 20,088 $ 10,607 $ 28,274 $ 1,358,091 $ 4,862 $ - $ - $ - $ - $ - $ - $ - $ - 15,737 - - - - - 28,861 - 13,585 4,964 16,646 1,215,409 1 28,861 15,737 13,585 4,964 16,646 1,215,409 1 79,360 (15,773) 6,503 5,643 11,628 142,682 4,861 79,360 (15,773) 6,503 5,643 11,628 142,682 4,861 108,221 $ (36) $ 20,088 $ 10,607 $ 28,274 $ 1,358,091 $ 4,862 $ Continued Page SI-20 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Other Receivables Mountain Water Notes Interfund Receivable Due From Other Governments Deferred Assessments TOTAL ASSETS Accounts Payable Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Reserved For Debt Service TOTAL EQUITY AND OTHER CREDITS AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY SID 522 SID 525 SID 526 SID 527 SID 530 SID 531 SID 532 4,966 $ - $ - $ 7,248 $ 5,009 $ 15,262 $ - $ - - - - - - - - 2,948 18,065 172 13 293 2,452 11 463 936 16 11 35 92 - - - - - - - - 201,536 407,654 - - - 39,730 - 160 2,953 52 14 134 964 - 290,034 1,259,404 5,799 2,897 18,000 401,274 4,977 $ 495,141 $ 1,689,012 $ 13,287 $ 7,944 $ 33,724 $ 444,512 $ - $ - $ - $ - $ - $ - $ - $ - - - - - - - - 292,375 1,276,614 5,926 2,910 18,293 403,726 - 292,375 1,276,614 5,926 2,910 18,293 403,726 4,977 202,766 412,398 7,361 5,034 15,431 40,786 4,977 202,766 412,398 7,361 5,034 15,431 40,786 4,977 $ 495,141 $ 1,689,012 $ 13,287 $ 7,944 $ 33,724 $ 444,512 $ Continued Page SI-21 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Other Receivables Mountain Water Notes Interfund Receivable Due From Other Governments Deferred Assessments TOTAL ASSETS Accounts Payable Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Reserved For Debt Service TOTAL EQUITY AND OTHER CREDITS AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY SID 533 SID 534 SID 535 SID 536 SID 539 SID 540 SID 541 - $ 24,571 $ 19,617 $ - $ 8,501 $ - $ - $ - - - - - - - 482 1,317 260 551 50 1,657 - 92 56 45 139 20 281 - - - - - - - - 39,894 - - 60,861 - 122,156 - - 858 133 525 102 1,398 - 157,646 201,950 29,623 341,838 10,718 1,357,117 750,000 198,114 $ 228,752 $ 49,678 $ 403,914 $ 19,391 $ 1,482,609 $ 750,000 $ - $ - $ - $ - $ - $ - $ - - - - - - 158,128 203,267 29,883 342,389 10,768 1,358,774 750,000 158,128 203,267 29,883 342,389 10,768 1,358,774 750,000 39,986 25,485 19,795 61,525 8,623 123,835 39,986 25,485 19,795 61,525 8,623 123,835 - 198,114 $ 228,752 $ 49,678 $ 403,914 $ 19,391 $ 1,482,609 $ 750,000 $ Continued Page SI-22 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Taxes Receivable Special Assessments Receivable Interest Receivable Other Receivables Mountain Water Notes Interfund Receivable Due From Other Governments Deferred Assessments TOTAL ASSETS Accounts Payable Interfund Payable Deferred Revenues TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance Reserved For Debt Service TOTAL EQUITY AND OTHER CREDITS AND OTHER CREDITS LIABILITIES, EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY SID 543 TOTALS 15,811 $ 1,757,387 $ - 135,310 429 147,939 36 8,201 - 181,233 - 1,417,109 212 132,204 73,295 11,205,910 89,783 $ 14,985,293 $ - $ 1,857 $ - 259,835 73,724 11,650,888 73,724 11,912,580 16,059 3,072,713 16,059 3,072,713 89,783 $ 14,985,293 $ Page SI-23 ---PAGE BREAK--- ---PAGE BREAK--- COMBINING BALANCE SHEET COMBINING BALANCE SHEET FOR NONMAJOR FOR NONMAJOR GOVERNMENTAL GOVERNMENTAL CAPITAL PROJECT CAPITAL PROJECT FUNDS FUNDS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS JUNE 30, 2009 1997 Open 06 Fire Station 06 Sidewalk 07 Sidewalk 08 Sidewalk Space GO Bond & Curb & Curb & Curb ASSETS AND OTHER DEBITS Cash and Investments - $ - $ 25,872 $ 9,038 $ - $ Interest Receivable - - 59 21 Interfund Receivable 382,102 192,656 - - - TOTAL ASSETS 382,102 $ 192,656 $ 25,931 $ 9,059 $ $ LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable - $ - $ - $ - $ - $ Interfund Payable - - - - 3,090 TOTAL LIABILITIES - - - - 3,090 FUND EQUITY AND OTHER CREDITS Fund Balance 382,102 192,656 25,931 9,059 (3,097) TOTAL EQUITY AND OTHER CREDITS 382,102 192,656 25,931 9,059 (3,097) TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS 382,102 $ 192,656 $ 25,931 $ 9,059 $ $ Continued Page SI-24 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Interest Receivable Interfund Receivable TOTAL ASSETS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Interfund Payable TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS 09 Sidewalk 10 Sidewalk SID 530 SID 531 SID 532 SID 533 & Curb & Curb Construction Construction Construction Construction - $ - $ - $ - $ 38,974 $ - $ (1,220) (368) - (101) 90 (15) - - - - - - (1,220) $ (368) $ - $ (101) $ 39,064 $ (15) $ - $ 219,622 $ - $ - $ - $ - $ 531,214 160,280 115 43,853 - 6,638 531,214 379,902 115 43,853 - 6,638 (532,434) (380,270) (115) (43,954) 39,064 (6,653) (532,434) (380,270) (115) (43,954) 39,064 (6,653) (1,220) $ (368) $ - $ (101) $ 39,064 $ (15) $ Continued Page SI-25 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Interest Receivable Interfund Receivable TOTAL ASSETS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Interfund Payable TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS SID 534 SID 535 SID 536 SID 538 SID 539 Construction Construction Construction Construction Construction 8,372 $ - $ 2,201 $ - $ - $ (146) (154) 5 (11) (47) - - - - - 8,226 $ (154) $ 2,206 $ (11) $ (47) $ - $ - $ - $ - $ - $ - 66,921 - 4,984 20,274 - 66,921 - 4,984 20,274 8,226 (67,075) 2,206 (4,995) (20,321) 8,226 (67,075) 2,206 (4,995) (20,321) 8,226 $ (154) $ 2,206 $ (11) $ (47) $ Continued Page SI-26 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Interest Receivable Interfund Receivable TOTAL ASSETS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Interfund Payable TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS SID 540 SID 541 SID 542 SID 543 Miller Creek Construction Construction Construction Construction Mitigation - $ - $ - $ - $ 3,490 $ 261 (462) (300) - 8 113,486 - - - - 113,747 $ (462) $ (300) $ - $ 3,498 $ - $ 131,371 $ - $ - $ - $ - 201,009 130,849 71,853 - - 332,380 130,849 71,853 - 113,747 (332,842) (131,149) (71,853) 3,498 113,747 (332,842) (131,149) (71,853) 3,498 113,747 $ (462) $ (300) $ - $ 3,498 $ Continued Page SI-27 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS JUNE 30, 2009 ASSETS AND OTHER DEBITS Cash and Investments Interest Receivable Interfund Receivable TOTAL ASSETS LIABILITIES, EQUITY AND OTHER CREDITS Accounts Payable Interfund Payable TOTAL LIABILITIES FUND EQUITY AND OTHER CREDITS Fund Balance TOTAL EQUITY AND OTHER CREDITS TOTAL LIABILITIES, FUND EQUITY AND OTHER CREDITS Miller Creek Miller Creek Miller Creek Rattlesnake Phillips St Mitigation Mitigation Mitigation (Mc) Sewer Collection Traffic Calming Totals - $ 447,120 $ 358,141 $ - $ - $ 893,208 $ 1,027 823 (25) - (568) - - - - 688,244 $ 448,147 $ 358,964 $ (25) $ - $ 1,580,884 $ - $ 13,815 $ - $ 43,472 $ - $ 408,280 $ 2,703 - - 10,691 145 1,254,619 2,703 13,815 - 54,163 145 1,662,899 (2,709) 434,332 358,964 (54,188) (145) (82,015) (2,709) 434,332 358,964 (54,188) (145) (82,015) $ 448,147 $ 358,964 $ (25) $ - $ 1,580,884 $ Page SI-28 ---PAGE BREAK--- ---PAGE BREAK--- COMBINING STATEMENT OF COMBINING STATEMENT OF REVENUE, EXPENDITURES AND REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE CHANGES IN FUND BALANCE FOR NONMAJOR FOR NONMAJOR GOVERNMENTAL GOVERNMENTAL SPECIAL REVENUE SPECIAL REVENUE FUNDS FUNDS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 Park Park Trail Cremain Cemetery Acquisition Enterprise Development Wall & Memorial Care REVENUES Taxes - $ - $ - $ - $ - $ Special Assessments - - - - - Licenses & Permits - - - - - Intergovernmental - - - - - Charges for Services 117,116 33,244 - 7,250 60,300 Fines and Forfeitures - - - - - Miscellaneous 3,460 - 45,870 1,364 - Investment Earnings - - - 1,305 10,419 Total Revenues 120,576 33,244 45,870 9,919 70,719 EXPENDITURES Current General Government - - - - - Public Safety - - - - - Public Works - - - - - Culture and Recreation 5,655 2,134 34,686 - - Community Development - - - - - Capital Outlay - - - 1,616 22,000 Total Expenditures 5,655 2,134 34,686 1,616 22,000 Excess (Deficiency) of Revenue Over Expenditures 114,921 31,110 11,184 8,303 48,719 Other Financing Sources (Uses) Operating Transfers Out - (28,344) - - - Sale of Capital Assets - - - - 2,093 Total Other Financing Sources (Uses) - (28,344) - - 2,093 Excess (Deficiency) of Revenue Over Expenditures 114,921 2,766 11,184 8,303 50,812 Fund Balance, June 30, 2008 216,143 179,369 225,435 29,931 241,040 Fund Balance, June 30, 2009 331,064 $ 182,135 $ 236,619 $ 38,234 $ 291,852 $ Continued Page SI-29 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses & Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Investment Earnings Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Title One Impact Public Employee Cable TV Projects Fee Art Health Insurance Franchise - $ - $ - $ 3,276,546 $ - $ - - - - - - - - - 546,144 - - - - - - 608,481 - - - - - - - - - - - - - 15,817 12,898 - (35,818) - 15,817 621,379 - 3,240,728 546,144 29,652 - - - 339,165 - - - - - - - - - - - - 3,871 - - - - - - - - 156,201 1,275 - 31,079 29,652 156,201 5,146 - 370,244 (13,835) 465,178 (5,146) 3,240,728 175,900 (18,400) - - (3,355,565) (165,837) - - - - - (18,400) - - (3,355,565) (165,837) (32,235) 465,178 (5,146) (114,837) 10,063 609,238 344,048 64,124 (405,686) 162,919 577,003 $ 809,226 $ 58,978 $ (520,523) $ 172,982 $ Continued Page SI-30 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses & Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Investment Earnings Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Drug Building Program Revolving Loan Street Forfeiture Division Income Program Lighting - $ - $ - $ - $ - $ - - - - 291,176 - 1,026,903 - - - - 513 - - - - 726 - - - 36,287 - - - - - 8,750 224 2,625 - - (3,261) (104) 902 - 36,287 1,033,631 120 3,527 291,176 - - - - - 37,510 1,006,636 - - - - - - - 281,537 - - - - - - - - 29 - 3,725 3,285 - - - 41,235 1,009,921 - 29 281,537 (4,948) 23,710 120 3,498 9,639 - - - - - - - - - - - - - - - (4,948) 23,710 120 3,498 9,639 64,018 151,618 2,133 45,341 246,151 59,070 $ 175,328 $ 2,253 $ 48,839 $ 255,790 $ Continued Page SI-31 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses & Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Investment Earnings Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Street Russell Willowwood State Gas Crime Victim Maintenance Park Mtnc Park Mtnc Tax Surcharge - $ - $ - $ - $ - $ 62,889 3,351 4,454 - - - - - - - - - - 1,070,443 - - - - - - - - - - 6,896 - - - - - - - - - (132) 62,889 3,351 4,454 1,070,443 6,764 - - - - - - - - - - 7,550 - - - - - - - - - - - - - - - - - 480,448 - 7,550 - - 480,448 - 55,339 3,351 4,454 589,995 6,764 (55,265) (2,932) (2,434) (564,000) - - - - - - (55,265) (2,932) (2,434) (564,000) - 74 419 2,020 25,995 6,764 (8,421) (2,897) (1,977) 25,289 (5,200) (8,347) $ (2,478) $ 43 $ 51,284 $ 1,564 $ Continued Page SI-32 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses & Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Investment Earnings Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Law Enforcement HIDTA Comm. Devel. Community HOME Grant Grant Program Income Development Grant - $ - $ - $ - $ - $ - - - - - - - - - - 26,337 - 3,300 443,498 726,047 - 42,077 - - - - - - - - - - - - - (99) 23,810 276 - - 26,238 65,887 3,576 443,498 726,047 - - - - - 26,337 24,706 - - - - - - - - - - - - - - - - 443,498 726,047 - - - - - 26,337 24,706 - 443,498 726,047 (99) 41,181 3,576 - - - - - - - - - - - - - - - - - (99) 41,181 3,576 - - (977) 594,175 12,898 (8,857) 27,185 (1,076) $ 635,356 $ 16,474 $ (8,857) $ 27,185 $ Continued Page SI-33 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses & Permits Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Investment Earnings Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Federal Grants & Transportation Donations TOTALS - $ - $ 3,276,546 $ - - 361,870 - - 1,573,047 320,468 376,891 2,967,497 - 2,240 871,434 - - 43,183 41,156 13,600 117,049 - - 26,013 361,624 392,731 9,236,639 - 4,961 373,778 - 281,047 1,376,236 - 9,546 298,633 - - 46,346 - 23,798 1,193,372 360,220 92,161 1,152,010 360,220 411,513 4,440,375 1,404 (18,782) 4,796,264 - - (4,192,777) - - 2,093 - - (4,190,684) 1,404 (18,782) 605,580 (19,811) 421,280 3,208,509 (18,407) $ 402,498 $ 3,814,089 $ Page SI-34 ---PAGE BREAK--- COMBINING STATEMENT OF COMBINING STATEMENT OF REVENUES, EXPENDITURES REVENUES, EXPENDITURES AND AND CHANGES IN FUND BALANCE CHANGES IN FUND BALANCE FOR NONMAJOR FOR NONMAJOR GOVERNMENTAL GOVERNMENTAL DEBT SERVICE DEBT SERVICE FUNDS FUNDS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 SID 1998 Safety 1996 Open 1997 Open 1994 City Hall 1993 Fire Revolving Bonds Space Space & Fire Bonds Bonds REVENUES Taxes - $ 1,797 $ (1,361) $ (571) $ 53 $ 72 $ Special Assessments 15,531 - - - - - Investment Earnings 12,090 (72) 29 7,812 5 9 Total Revenues 27,621 1,725 (1,332) 7,241 58 81 EXPENDITURES General Government - - - - - - Debt Service - - - - - - Total Expenditures - - - - - - Excess (Deficiency) of Revenue Over Expenditures 27,621 1,725 (1,332) 7,241 58 81 Other Financing Sources (Uses) Operating Transfers In 36,812 - - - - - Operating Transfers Out (125,000) - - - - - Total Other Financing Sources (Uses) (88,188) - - - - - Excess (Deficiency) of Revenue Over Expenditures (60,567) 1,725 (1,332) 7,241 58 81 Fund Balance, June 30, 2008 779,966 (6,499) 1,774 44,382 228 425 Fund Balance, June 30, 2009 719,399 $ (4,774) $ 442 $ 51,623 $ 286 $ 506 $ Continued Page SI-35 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 2004 Aquatics 2004 2006 2007 Sidewalk FY99 Sidewalk Bond Refunding Fire Station GO Refunding Bonds & Curb & Curb 692,000 $ 470,681 $ 511,783 $ 547,406 $ - $ - $ - - - - 15,220 33,063 267 1,930 4,351 16,389 3,207 149 692,267 472,611 516,134 563,795 18,427 33,212 - - - - 80,228 - 606,445 416,700 432,263 511,915 28,537 33,895 606,445 416,700 432,263 511,915 108,765 33,895 85,822 55,911 83,871 51,880 (90,338) (683) - - 162,732 - - - - - - - (36,812) - - - 162,732 - (36,812) - 85,822 55,911 246,603 51,880 (127,150) (683) (97,368) (67,523) (175,915) (149,473) 185,970 (78) (11,546) $ (11,612) $ 70,688 $ (97,593) $ 58,820 $ (761) $ Continued Page SI-36 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 FY00 Sidewalk FY01 Sidewalk FY02 Sidewalk FY03 Sidewalk FY04 Sidewalk FY05 Sidewalk & Curb & Curb & Curb & Curb & Curb & Curb - $ - $ - $ - $ - $ - $ 41,295 35,516 50,314 94,554 94,081 97,236 286 971 766 (64) 1,176 2,161 41,581 36,487 51,080 94,490 95,257 99,397 - - - - - - 42,788 39,312 50,465 96,482 100,115 102,520 42,788 39,312 50,465 96,482 100,115 102,520 (1,207) (2,825) 615 (1,992) (4,858) (3,123) - - - - - - - - - - - - - - - - - - (1,207) (2,825) 615 (1,992) (4,858) (3,123) 5,745 39,115 24,735 (27,439) 41,007 91,999 4,538 $ 36,290 $ 25,350 $ (29,431) $ 36,149 $ 88,876 $ Continued Page SI-37 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 FY06 Sidewalk FY07 Sidewalk FY08 Sidewalk SID 495 SID 497 SID 498 & Curb & Curb & Curb - $ - $ - $ - $ - $ - $ 220,729 130,374 62,390 - 78 117,528 2,815 1,779 398 4 65 3,177 223,544 132,153 62,788 4 143 120,705 - - - - - - 165,329 116,840 79,392 - - 100,980 165,329 116,840 79,392 - - 100,980 58,215 15,313 (16,604) 4 143 19,725 - - - - - - - - - - - - - - - - - - 58,215 15,313 (16,604) 4 143 19,725 82,727 48,410 10,732 219 3,761 162,933 140,942 $ 63,723 $ (5,872) $ 223 $ 3,904 $ 182,658 $ Continued Page SI-38 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 SID 501 SID 503 SID 505 SID 506 SID 507 SID 508 - $ - $ - $ - $ - $ - $ 42,954 11,060 12,343 - 4,483 257 1,547 474 262 25 80 15 44,501 11,534 12,605 25 4,563 272 - - - - - - 27,960 12,060 10,650 - - - 27,960 12,060 10,650 - - - 16,541 (526) 1,955 25 4,563 272 - - - - - - - - - - - - - - - - - - 16,541 (526) 1,955 25 4,563 272 74,945 25,817 10,864 1,349 2,740 571 91,486 $ 25,291 $ 12,819 $ 1,374 $ 7,303 $ 843 $ Continued Page SI-39 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 SID 510 SID 511 SID 512 SID 513 SID 514 SID 515 - $ - $ - $ - $ - $ - $ 15,560 15,476 112,697 - 11,429 - 1,831 469 5,133 592 1,579 (273) 17,391 15,945 117,830 592 13,008 (273) - - - - - - - 14,960 145,441 3,320 17,244 802 - 14,960 145,441 3,320 17,244 802 17,391 985 (27,611) (2,728) (4,236) (1,075) - - - - - - - - - - - - - - - - - - 17,391 985 (27,611) (2,728) (4,236) (1,075) 92,524 24,965 253,569 32,709 83,596 (14,698) 109,915 $ 25,950 $ 225,958 $ 29,981 $ 79,360 $ (15,773) $ Continued Page SI-40 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 SID 517 SID 518 SID 519 SID 520 SID 521 SID 522 - $ - $ - $ - $ - $ - $ 4,310 1,950 6,763 163,771 19 - 190 134 272 2,739 97 104 4,500 2,084 7,035 166,510 116 104 - - - - - - 7,431 3,179 8,894 160,320 660 954 7,431 3,179 8,894 160,320 660 954 (2,931) (1,095) (1,859) 6,190 (544) (850) - - - - - - - - - - - - - - - - - - (2,931) (1,095) (1,859) 6,190 (544) (850) 9,434 6,738 13,487 136,492 5,405 5,827 6,503 $ 5,643 $ 11,628 $ 142,682 $ 4,861 $ 4,977 $ Continued Page SI-41 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 SID 525 SID 526 SID 527 SID 530 SID 531 SID 532 - $ - $ - $ - $ - $ - $ 38,331 185,758 3,482 923 4,218 51,894 3,754 7,665 78 77 241 946 42,085 193,423 3,560 1,000 4,459 52,840 - - - - - - 44,440 180,920 3,539 884 - 51,097 44,440 180,920 3,539 884 - 51,097 (2,355) 12,503 21 116 4,459 1,743 - - - - - - - - - - - - - - - - - - (2,355) 12,503 21 116 4,459 1,743 205,121 399,895 7,340 4,918 10,972 39,043 202,766 $ 412,398 $ 7,361 $ 5,034 $ 15,431 $ 40,786 $ Continued Page SI-42 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 SID 533 SID 534 SID 535 SID 536 SID 539 SID 540 - $ - $ - $ - $ - $ - $ 16,711 21,428 6,130 41,931 2,349 154,192 757 444 293 1,102 130 2,360 17,468 21,872 6,423 43,033 2,479 156,552 - - - - - - 18,119 18,794 - 31,473 - 121,293 18,119 18,794 - 31,473 - 121,293 (651) 3,078 6,423 11,560 2,479 35,259 - - - - - - - - - - - - - - - - - - (651) 3,078 6,423 11,560 2,479 35,259 40,637 22,407 13,372 49,965 6,144 88,576 39,986 $ 25,485 $ 19,795 $ 61,525 $ 8,623 $ 123,835 $ Continued Page SI-43 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 SID 543 TOTALS - $ 2,221,860 $ 15,920 1,954,248 139 92,956 16,059 4,269,064 - 80,228 - 3,808,412 - 3,888,640 16,059 380,424 199,544 - (161,812) - 37,732 16,059 418,156 - 2,654,557 16,059 $ 3,072,713 $ Page SI-44 ---PAGE BREAK--- COMBINING STATEMENT OF COMBINING STATEMENT OF REVENUES, EXPENDITURES REVENUES, EXPENDITURES AND AND CHANGES IN FUND BALANCE CHANGES IN FUND BALANCE FOR NONMAJOR FOR NONMAJOR GOVERNMENTAL GOVERNMENTAL CAPITAL PROJECT CAPITAL PROJECT FUNDS FUNDS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 1997 Open New Fire Station 06 Sidewalk 07 Sidewalk 08 Sidewalk Space GO Bond & Curb & Curb & Curb REVENUES Intergovernmental - $ - $ - $ - $ - $ Miscellaneous 32,381 - - - - Investment Earnings - - 468 164 (174) Total Revenues 32,381 - 468 164 (174) EXPENDITURES Capital Outlay 39,906 853,883 - - - Total Expenditures 39,906 853,883 - - - Excess(Deficiency) of Revenue Over Expenditures (7,525) (853,883) 468 164 (174) Other Financing Sources (Uses) Operating Transfers Out - (162,732) - - - Total Other Financing Sources(Uses) - (162,732) - - - Excess(Deficiency) of Revenues Over Expenditures (7,525) (1,016,615) 468 164 (174) Fund Balance, June 30, 2008 389,627 1,209,271 25,463 8,895 (2,923) Fund Balance, June 30, 2009 382,102 $ 192,656 $ 25,931 $ 9,059 $ (3,097) $ Continued Page SI-45 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers Out Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 09 Sidewalk 10 Sidewalk SID 530 SID 531 SID 532 SID 533 & Curb & Curb Construction Construction Construction Construction - $ - $ - $ - $ - $ 10,000 $ 126,238 - - - - - (10,129) (448) 13 (795) 611 (176) 116,109 (448) 13 (795) 611 9,824 351,723 379,822 - - - - 351,723 379,822 - - - - (235,614) (380,270) 13 (795) 611 9,824 - - - - - - - - - - - - (235,614) (380,270) 13 (795) 611 9,824 (296,820) - (128) (43,159) 38,453 (16,477) (532,434) $ (380,270) $ (115) $ (43,954) $ 39,064 $ (6,653) $ Continued Page SI-46 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers Out Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 SID 534 SID 535 SID 536 SID 538 SID 539 Construction Construction Construction Construction Construction 10,000 $ - $ 10,000 $ - $ - $ - - - - - (69) (1,214) 25 (105) (367) 9,931 (1,214) 10,025 (105) (367) - - 2,474 - - - - 2,474 - - 9,931 (1,214) 7,551 (105) (367) - - - - - - - - - - 9,931 (1,214) 7,551 (105) (367) (1,705) (65,861) (5,345) (4,890) (19,954) 8,226 $ (67,075) $ 2,206 $ (4,995) $ (20,321) $ Continued Page SI-47 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers Out Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 SID 540 SID 541 SID 542 SID 543 Miller Creek Construction Construction Construction Construction Mitigation - $ - $ - $ - $ - $ - - - - - 2,058 (2,396) (2,372) (1,143) (194) 2,058 (2,396) (2,372) (1,143) (194) - 218,750 - - 71 - 218,750 - - 71 2,058 (221,146) (2,372) (1,143) (265) - - - - - - - - - - 2,058 (221,146) (2,372) (1,143) (265) 111,689 (111,696) (128,777) (70,710) 3,763 113,747 $ (332,842) $ (131,149) $ (71,853) $ 3,498 $ Continued Page SI-48 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers Out Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Miller Creek Miller Creek Miller Creek Rattlesnake Phillips St TOTALS Mitigation Mitigation Mitigation (Mc) Sewer Collection Traffic Calming - $ - $ - $ - $ - $ 30,000 $ - 551,358 - - - 709,977 155 9,728 6,493 (21) - 112 155 561,086 6,493 (21) - 740,089 107,956 126,754 - 54,167 145 2,135,651 107,956 126,754 - 54,167 145 2,135,651 (107,801) 434,332 6,493 (54,188) (145) (1,395,562) - - - - - (162,732) - - - - - (162,732) (107,801) 434,332 6,493 (54,188) (145) (1,558,294) 105,092 - 352,471 - - 1,476,279 (2,709) $ 434,332 $ 358,964 $ (54,188) $ (145) $ (82,015) $ Page SI-49 ---PAGE BREAK--- ---PAGE BREAK--- AGENCY FUNDS AGENCY FUNDS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS JUNE 30, 2009 Balance Balance 07/01/2008 Additions Deletions 06/30/2009 COURT SURCHARGE ASSETS Cash 31,696 $ 83,676 $ 87,282 $ 28,090 $ Due From Other Governments 7,022 5,644 7,022 5,644 TOTAL ASSETS 38,718 $ 89,320 $ 94,304 $ 33,734 $ LIABILITIES Accounts Payable 22,725 $ 76,650 $ 87,282 $ 12,093 $ Due to Other Governments 15,993 5,648 - 21,641 TOTAL LIABILITIES 38,718 $ 82,298 $ 87,282 $ 33,734 $ COUNTY CLEARING ASSETS Cash 2,001 $ 11,065 $ 10,395 $ 2,671 $ LIABILITIES Accounts Payable 1,690 $ 11,065 $ 10,395 $ 2,360 $ Due to Other Governments 311 - - 311 TOTAL LIABILITIES 2,001 $ 11,065 $ 10,395 $ 2,671 $ SEWER REBATE ASSETS Cash 53,456 $ 20,265 $ 9,132 $ 64,589 $ LIABILITIES Due to Private Parties 53,456 $ 20,265 $ 9,132 $ 64,589 $ YOUTH PROGRAMS ASSETS Cash 473 $ - $ - $ 473 $ LIABILITIES Due to Private Parties 473 $ - $ - $ 473 $ Continued Page SI-50 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - ALL AGENCY FUNDS JUNE 30, 2009 Balance Balance 07/01/2008 Additions Deletions 06/30/2009 COUNTY PARK BOARD ASSETS Cash 5,500 $ - $ - $ 5,500 $ LIABILITIES Due to Other Governments 5,500 $ - $ - $ 5,500 $ ELK HILLS SUBDIVISION ASSETS Cash 3,868 $ - $ - $ 3,868 $ LIABILITIES Due to Private Parties 3,868 $ - $ - $ 3,868 $ MUNICIPAL COURT RESTITUTION ASSETS Cash 232,332 $ 1,724,396 $ 1,759,673 $ 197,055 $ LIABILITIES Due to Private Parties 232,332 $ 1,724,396 $ 1,759,673 $ 197,055 $ RESIDENTIAL INSPECTION FUND ASSETS Cash 1,600 $ 5,555 $ 6,401 $ 754 $ LIABILITIES Accounts Payable 43 $ 6,238 $ 6,281 $ - $ Due to Private Parties 1,557 11,055 11,858 754 TOTAL LIABILITIES 1,600 $ 17,293 $ 18,139 $ 754 $ TOTALS - ALL AGENCY FUNDS ASSETS Cash 330,926 $ 1,844,957 $ 1,872,883 $ 303,000 $ Due From Other Governments 7,022 5,644 7,022 5,644 TOTAL ASSETS 337,948 $ 1,850,601 $ 1,879,905 $ 308,644 $ LIABILITIES Accounts Payable 24,458 $ 93,953 $ 103,958 $ 14,453 $ Due to Other Governments 21,804 5,648 - 27,452 Due to Private Parties 291,686 1,755,716 1,780,663 266,739 TOTAL LIABILITIES 337,948 $ 1,855,317 $ 1,884,621 $ 308,644 $ Page SI-51 ---PAGE BREAK--- MAJOR GOVERNMENTAL MAJOR GOVERNMENTAL FUNDS FUNDS BUDGET TO ACTUAL BUDGET TO ACTUAL ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) MAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2009 Variance - Original and Variance - Original Final Over Final Over Budget Budget Actual (Under) Budget Actual (Under) REVENUES Special Assessments - $ - $ - $ - $ 365,739 $ 357,867 $ (7,872) $ Intergovernmental 180,519 180,519 26,484 (154,035) - - - Miscellaneous 25,468 208,167 210,307 2,140 - - - Investment Earnings - - (80,868) (80,868) - 10,323 10,323 Total Revenues 205,987 388,686 155,923 (232,763) 365,739 368,190 2,451 EXPENDITURES General Government 114,000 114,000 6,534 107,466 - - - Debt Service 498,314 498,314 506,606 (8,292) 307,580 307,580 - Capital Outlay 2,038,596 4,272,720 1,905,523 2,367,197 - - - Total Expenditures 2,650,910 4,885,034 2,418,663 2,466,371 307,580 307,580 - Excess(Deficiency) of Revenue (2,444,923) (4,496,348) (2,262,740) 2,233,608 58,159 60,610 2,451 Over Expenditures Other Financing Sources (Uses) Operating Transfers In 884,973 1,334,823 564,296 (770,527) - - - Issuance of long term debt 1,559,950 3,186,526 - (3,186,526) - - - Proceeds from sale of capital assets - - - - - - - Total Other Financing Sources(Uses) 2,444,923 4,521,349 564,296 (3,957,053) - - - Excess(Deficiency) of Revenues Over Expenditures - 25,001 (1,698,444) (1,723,445) 58,159 60,610 2,451 Fund Balance, June 30, 2008 (2,947,576) (2,947,576) (2,947,576) - 521,016 521,016 - Fund Balance, June 30, 2009 (2,947,576) $ (2,922,575) $ (4,646,020) $ (1,723,445) $ 579,175 $ 581,626 $ 2,451 $ SID 524 Capital Improvement Page SI-52 ---PAGE BREAK--- ---PAGE BREAK--- NONMAJOR GOVERNMENTAL NONMAJOR GOVERNMENTAL FUNDS FUNDS BUDGET TO ACTUAL BUDGET TO ACTUAL ---PAGE BREAK--- ---PAGE BREAK--- NONMAJOR GOVERNMENTAL NONMAJOR GOVERNMENTAL FUNDS FUNDS BUDGET TO ACTUAL BUDGET TO ACTUAL SPECIAL REVENUE FUNDS SPECIAL REVENUE FUNDS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) REVENUES Taxes - $ - $ - $ - $ - $ - $ Special Assessments - - - - - - Licenses - - - - - - Intergovernmental - - - - - - Charges for Services 76,000 117,116 41,116 18,000 33,244 15,244 Fines and Forfeitures - - - - - - Miscellaneous 20,000 3,460 (16,540) - - - Interest - - - - - - Total Revenues 96,000 120,576 24,576 18,000 33,244 15,244 EXPENDITURES Current General Government - - - - - - Public Safety - - - - - - Public Works - - - - - - Culture and Recreation 45,000 5,655 39,345 45,000 2,134 42,866 Community Development - - - - - - Capital Outlay 155,000 - 155,000 75,000 - 75,000 Total Expenditures 200,000 5,655 194,345 120,000 2,134 117,866 Excess (Deficiency) of Revenue Over Expenditures (104,000) 114,921 218,921 (102,000) 31,110 133,110 Other Financing Sources (Uses) Operating Transfers In - - - - - - Operating Transfers Out - - - - (28,344) (28,344) Sale of Capital Assets - - - - - - Total Other Financing Sources (Uses) - - - - (28,344) (28,344) Excess (Deficiency) of Revenue Over Expenditures (104,000) 114,921 218,921 (102,000) 2,766 104,766 Fund Balance, June 30, 2008 216,143 216,143 - 179,369 179,369 - Fund Balance, June 30, 2009 112,143 $ 331,064 $ 218,921 $ 77,369 $ 182,135 $ 104,766 $ Park Acquisition Park Enterprise Continued Page SI-53 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - 9,000 7,250 (1,750) - - - - - - 393,000 45,870 (347,130) 2,000 1,364 (636) - - - - 1,305 1,305 393,000 45,870 (347,130) 11,000 9,919 (1,081) - - - - - - - - - - - - - - - - - - 335,000 34,686 300,314 - - - - - - - - - 270,000 - 270,000 4,500 1,616 2,884 605,000 34,686 570,314 4,500 1,616 2,884 (212,000) 11,184 223,184 6,500 8,303 1,803 - - - - - - - - - - - - - - - - - - - - - - - - (212,000) 11,184 223,184 6,500 8,303 1,803 225,435 225,435 - 29,931 29,931 - 13,435 $ 236,619 $ 223,184 $ 36,431 $ 38,234 $ 1,803 $ Trail Development Cremain Wall Continued Page SI-54 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - 71,500 60,300 (11,200) - - - - - - - - - 500 - (500) 1,696 - (1,696) 3,000 10,419 7,419 - 15,817 15,817 75,000 70,719 (4,281) 1,696 15,817 14,121 - - - 51,600 29,652 21,948 - - - - - - - - - - - - - - - - - - - - - - - - 22,000 22,000 - - - - 22,000 22,000 - 51,600 29,652 21,948 53,000 48,719 (4,281) (49,904) (13,835) 36,069 - - - - - - - - - (525,096) (18,400) 506,696 - 2,093 2,093 - - - - 2,093 2,093 (525,096) (18,400) 506,696 53,000 50,812 (2,188) (575,000) (32,235) 542,765 241,040 241,040 - 609,238 609,238 - 294,040 $ 291,852 $ (2,188) $ 34,238 $ 577,003 $ 542,765 $ Cemetery Care Title One Projects Continued Page SI-55 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - 1,525,000 608,481 (916,519) - - - - - - - - - - - - 18,000 - (18,000) - 12,898 12,898 - - - 1,525,000 621,379 (903,621) 18,000 - (18,000) - - - - - - - - - - - - - - - - - - - - 50,000 3,871 46,129 - - - - - - 1,525,000 156,201 1,368,799 - 1,275 (1,275) 1,525,000 156,201 1,368,799 50,000 5,146 44,854 - 465,178 465,178 (32,000) (5,146) 26,854 - - - - - - - - - - - - - - - - - - - - - - - - - 465,178 465,178 (32,000) (5,146) 26,854 344,048 344,048 - 64,124 64,124 - 344,048 $ 809,226 $ 465,178 $ 32,124 $ 58,978 $ 26,854 $ Impact Fee Public Art Continued Page SI-56 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) 3,313,332 $ 3,276,546 (36,786) $ - $ - $ - $ - - - - - - - - - 529,822 546,144 16,322 - - - - - - - - - - - - - - - - - - - - - - - - - (35,818) (35,818) - - - 3,313,332 3,240,728 (72,604) 529,822 546,144 16,322 - - - 334,244 339,165 (4,921) - - - - - - - - - - - - - - - - - - - - - - - - - - - 36,000 31,079 4,921 - - - 370,244 370,244 - 3,313,332 3,240,728 (72,604) 159,578 175,900 16,322 - - - - - - (3,355,565) (3,355,565) - (165,838) (165,837) 1 - - - - - - (3,355,565) (3,355,565) - (165,838) (165,837) 1 (42,233) (114,837) (72,604) (6,260) 10,063 16,323 (405,686) (405,686) - 162,919 162,919 - (447,919) $ (520,523) $ (72,604) $ 156,659 $ 172,982 $ 16,323 $ Employee Health Insurance Cable TV Franchise Continued Page SI-57 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - - - 1,432,119 1,026,903 (405,216) - - - - 513 513 - - - - 726 726 260,150 36,287 (223,863) - - - - - - - 8,750 8,750 - - - - (3,261) (3,261) 260,150 36,287 (223,863) 1,432,119 1,033,631 (398,488) - - - - - - 96,500 37,510 58,990 1,174,915 1,006,636 168,279 - - - - - - - - - - - - - - - - - - 163,650 3,725 159,925 79,800 3,285 76,515 260,150 41,235 218,915 1,254,715 1,009,921 244,794 - (4,948) (4,948) 177,404 23,710 (153,694) - - - - - - - - - - - - - - - - - - - - - - - - - (4,948) (4,948) 177,404 23,710 (153,694) 64,018 64,018 - 151,618 151,618 - 64,018 $ 59,070 $ (4,948) $ 329,022 $ 175,328 $ (153,694) $ Building Division Drug Forfeiture Continued Page SI-58 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 224 224 5,000 2,625 (2,375) - (104) (104) - 902 902 - 120 120 5,000 3,527 (1,473) - - - - - - - - - - - - - - - - - - - - - - - 3,600 - 3,600 49,000 29 48,971 - - - - - - 3,600 - 3,600 49,000 29 48,971 (3,600) 120 3,720 (44,000) 3,498 47,498 - - - - - - - - - - - - - - - - - - - - - - - - (3,600) 120 3,720 (44,000) 3,498 47,498 2,133 2,133 - 45,341 45,341 - (1,467) $ 2,253 $ 3,720 $ 1,341 $ 48,839 $ 47,498 $ Revolving Loan Program Program Income Continued Page SI-59 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 361,378 291,176 (70,202) 79,816 62,889 (16,927) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 361,378 291,176 (70,202) 79,816 62,889 (16,927) - - - - - - - - - - - - 361,378 281,537 79,841 21,288 7,550 13,738 - - - - - - - - - - - - - - - - - - 361,378 281,537 79,841 21,288 7,550 13,738 - 9,639 9,639 58,528 55,339 (3,189) - - - - - - - - - (58,528) (55,265) 3,263 - - - - - - - - - (58,528) (55,265) 3,263 - 9,639 9,639 - 74 74 246,151 246,151 - (8,421) (8,421) - 246,151 $ 255,790 $ 9,639 $ (8,421) $ (8,347) $ 74 $ Street Lighting Street Maintenance Continued Page SI-60 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 2,932 3,351 419 2,434 4,454 2,020 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,932 3,351 419 2,434 4,454 2,020 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,932 3,351 419 2,434 4,454 2,020 - - - - - - (2,932) (2,932) - (2,434) (2,434) - - - - - - - (2,932) (2,932) - (2,434) (2,434) - - 419 419 - 2,020 2,020 (2,897) (2,897) - (1,977) (1,977) - (2,897) $ (2,478) $ 419 $ (1,977) $ 43 $ 2,020 $ Russell Park Maintenance Willowwood Park Maintenance Continued Page SI-61 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 1,213,500 1,070,443 (143,057) - - - - - - - - - - - - - 6,896 6,896 - - - - - - - - - - (132) (132) 1,213,500 1,070,443 (143,057) - 6,764 6,764 - - - - - - - - - - - - 5,000 - 5,000 - - - - - - - - - - - - - - - 644,500 480,448 164,052 - - - 649,500 480,448 169,052 - - - 564,000 589,995 25,995 - 6,764 6,764 - - - - - - (564,000) (564,000) - - - - - - - - - - (564,000) (564,000) - - - - - 25,995 25,995 - 6,764 6,764 25,289 25,289 - (5,200) (5,200) - 25,289 $ 51,284 $ 25,995 $ (5,200) $ 1,564 $ 6,764 $ State Gas Tax Crime Victim Surcharge Continued Page SI-62 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 181,141 26,337 (154,804) - - - - - - 14,000 42,077 28,077 - - - - - - - - - 1,000 - (1,000) - (99) (99) - 23,810 23,810 181,141 26,238 (154,903) 15,000 65,887 50,887 - - - - - - 101,141 26,337 74,804 286,200 24,706 261,494 - - - - - - - - - - - - - - - - - - 80,000 - 80,000 - - - 181,141 26,337 154,804 286,200 24,706 261,494 - (99) (99) (271,200) 41,181 312,381 - - - - - - - - - - - - - - - - - - - - - - - - - (99) (99) (271,200) 41,181 312,381 (977) (977) - 594,175 594,175 - (977) $ (1,076) $ (99) $ 322,975 $ 635,356 $ 312,381 $ Law Enforcement Grant HIDTA Grant Continued Page SI-63 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 7,940 3,300 (4,640) 1,625,923 443,498 (1,182,425) - - - - - - - - - - - - - - - - - - - 276 276 - - - 7,940 3,576 (4,364) 1,625,923 443,498 (1,182,425) - - - - - - - - - - - - - - - - - - - - - - - - 15,940 - 15,940 1,625,923 443,498 1,182,425 - - - - - - 15,940 - 15,940 1,625,923 443,498 1,182,425 (8,000) 3,576 11,576 - - - - - - - - - - - - - - - - - - - - - - - - - - - (8,000) 3,576 11,576 - - - 12,898 12,898 - (8,857) (8,857) - 4,898 $ 16,474 $ 11,576 $ (8,857) $ (8,857) $ - $ Community Development Community Development Program Income Continued Page SI-64 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - - - - - - 947,476 726,047 (221,429) 2,112,605 320,468 (1,792,137) - - - - - - - - - - - - - - - 657,650 41,156 (616,494) - - - - - - 947,476 726,047 (221,429) 2,770,255 361,624 (2,408,631) - - - - - - - - - - - - - - - - - - - - - - - - 947,476 726,047 221,429 - - - - - - 3,080,255 360,220 2,720,035 947,476 726,047 221,429 3,080,255 360,220 2,720,035 - - - (310,000) 1,404 311,404 - - - 310,000 - (310,000) - - - - - - - - - - - - - - - 310,000 - (310,000) - - - - 1,404 1,404 27,185 27,185 - (19,811) (19,811) - 27,185 $ 27,185 $ - $ (19,811) $ (18,407) $ 1,404 $ Federal Transportation Home Grant Continued Page SI-65 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR SPECIAL REVENUE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Licenses Intergovernmental Charges for Services Fines and Forfeitures Miscellaneous Interest Total Revenues EXPENDITURES Current General Government Public Safety Public Works Culture and Recreation Community Development Capital Outlay Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Sale of Capital Assets Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Over Budget Actual (Under) - $ - $ - $ - - - - - - 1,390,980 376,891 (1,014,089) 20,367 2,240 (18,127) - - - 62,876 13,600 (49,276) - - - 1,474,223 392,731 (1,081,492) 3,570 4,961 (1,391) 925,044 281,047 643,997 67,831 9,546 58,285 10,036 - 10,036 649,338 23,798 625,540 179,483 92,161 87,322 1,835,302 411,513 1,423,789 (361,079) (18,782) 342,297 - - - - - - - - - - - - (361,079) (18,782) 342,297 421,280 421,280 - 60,201 $ 402,498 $ 342,297 $ Grants & Donations Page SI-66 ---PAGE BREAK--- NONMAJOR GOVERNMENTAL NONMAJOR GOVERNMENTAL FUNDS FUNDS BUDGET TO ACTUAL BUDGET TO ACTUAL DEBT SERVICE DEBT SERVICE ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) REVENUES Taxes - $ - $ - $ - $ 1,797 $ 1,797 $ Special Assessments 35,000 15,531 (19,469) - - - Miscellaneous - - - - - - Investment Earnings - 12,090 12,090 - (72) (72) Total Revenues 35,000 27,621 (7,379) - 1,725 1,725 EXPENDITURES General Government - - - - - - Debt Service - - - - - - Total Expenditures - - - - - - Excess (Deficiency) of Revenue Over Expenditures 35,000 27,621 (7,379) - 1,725 1,725 Other Financing Sources (Uses) Operating Transfers In - 36,812 36,812 - - - Operating Transfers Out (125,000) (125,000) - - - - Total Other Financing Sources (Uses) (125,000) (88,188) 36,812 - - - Excess (Deficiency) of Revenue Over Expenditures (90,000) (60,567) 29,433 - 1,725 1,725 Fund Balance, June 30, 2008 779,966 779,966 - (6,499) (6,499) - Fund Balance, June 30, 2009 689,966 $ 719,399 $ 29,433 $ (6,499) $ (4,774) $ 1,725 $ Continued SID Revolving 1998 Safety Bonds Page SI-67 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ (1,361) $ (1,361) $ - $ (571) $ (571) $ - - - - - - - - - - - - - 29 29 - 7,812 7,812 - (1,332) (1,332) - 7,241 7,241 - - - - - - - - - - - - - - - - - - - (1,332) (1,332) - 7,241 7,241 - - - - - - - - - - - - - - - - - - - (1,332) (1,332) - 7,241 7,241 1,774 1,774 - 44,382 44,382 - 1,774 $ 442 $ (1,332) $ 44,382 $ 51,623 $ 7,241 $ Continued 1996 Open Space 1997 Open Space Page SI-68 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ 53 $ 53 $ - $ 72 $ 72 $ - - - - - - - - - - - - - 5 5 - 9 9 - 58 58 - 81 81 - - - - - - - - - - - - - - - - - - - 58 58 - 81 81 - - - - - - - - - - - - - - - - - - - 58 58 - 81 81 228 228 - 425 425 - 228 $ 286 $ 58 $ 425 $ 506 $ 81 $ Continued 1994 City Hall & Fire Bonds 1993 Fire Bonds Page SI-69 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) 698,645 $ 692,000 $ (6,645) $ 478,960 $ 470,681 $ (8,279) $ - - - - - - - - - - - - - 267 267 - 1,930 1,930 698,645 692,267 (6,378) 478,960 472,611 (6,349) - - - - - - 606,445 606,445 - 416,700 416,700 - 606,445 606,445 - 416,700 416,700 - 92,200 85,822 (6,378) 62,260 55,911 (6,349) - - - - - - - - - - - - - - - - - - 92,200 85,822 (6,378) 62,260 55,911 (6,349) (97,368) (97,368) - (67,523) (67,523) - (5,168) $ (11,546) $ (6,378) $ (5,263) $ (11,612) $ (6,349) $ Continued 2004 Aquatics Bonds 2004 Refunding Bonds Page SI-70 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) 521,759 $ 511,783 $ (9,976) $ 561,854 $ 547,406 $ (14,448) $ - - - - - - - - - - - - - 4,351 4,351 - 16,389 16,389 521,759 516,134 (5,625) 561,854 563,795 1,941 - - - - - - 432,263 432,263 - 511,915 511,915 - 432,263 432,263 - 511,915 511,915 - 89,496 83,871 (5,625) 49,939 51,880 1,941 - - - - - 162,732 162,732 - - - - - - - - - - 162,732 162,732 - - - 89,496 246,603 157,107 49,939 51,880 1,941 (175,915) (175,915) - (149,473) (149,473) - (86,419) $ 70,688 $ 157,107 $ (99,534) $ (97,593) $ 1,941 $ Continued 2006 Fire Station GO 2007 Refunding Bonds Page SI-71 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - 15,220 15,220 34,261 33,063 (1,198) - - - - - - - 3,207 3,207 - 149 149 - 18,427 18,427 34,261 33,212 (1,049) - 80,228 (80,228) - - - 28,538 28,537 1 33,895 33,895 - 28,538 108,765 (80,227) 33,895 33,895 - (28,538) (90,338) (61,800) 366 (683) (1,049) - - - - - - (35,812) (36,812) (1,000) - - - (35,812) (36,812) (1,000) - - - (64,350) (127,150) (62,800) 366 (683) (1,049) 185,970 185,970 - (78) (78) - 121,620 $ 58,820 $ (62,800) $ 288 $ (761) $ (1,049) $ Continued FY99 Sidewalk & Curb Sidewalk & Curb Page SI-72 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 98,122 41,295 (56,827) 39,909 35,516 (4,393) - - - - - - - 286 286 - 971 971 98,122 41,581 (56,541) 39,909 36,487 (3,422) - - - - - - 42,788 42,788 - 39,313 39,312 1 42,788 42,788 - 39,313 39,312 1 55,334 (1,207) (56,541) 596 (2,825) (3,421) - - - - - - - - - - - - - - - - - - 55,334 (1,207) (56,541) 596 (2,825) (3,421) 5,745 5,745 - 39,115 39,115 - 61,079 $ 4,538 $ (56,541) $ 39,711 $ 36,290 $ (3,421) $ Continued FY00 Sidewalk & Curb FY01 Sidewalk & Curb Page SI-73 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 52,683 50,314 (2,369) 101,909 94,554 (7,355) - - - - - - - 766 766 - (64) (64) 52,683 51,080 (1,603) 101,909 94,490 (7,419) - - - - - - 50,465 50,465 - 96,483 96,482 1 50,465 50,465 - 96,483 96,482 1 2,218 615 (1,603) 5,426 (1,992) (7,418) - - - - - - - - - - - - - - - - - - 2,218 615 (1,603) 5,426 (1,992) (7,418) 24,735 24,735 - (27,439) (27,439) - 26,953 $ 25,350 $ (1,603) $ (22,013) $ (29,431) $ (7,418) $ Continued FY02 Sidewalk & Curb FY03 Sidewalk & Curb Page SI-74 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 98,836 94,081 (4,755) 107,533 97,236 (10,297) - - - - - - - 1,176 1,176 - 2,161 2,161 98,836 95,257 (3,579) 107,533 99,397 (8,136) - - - - - - 100,115 100,115 - 102,520 102,520 - 100,115 100,115 - 102,520 102,520 - (1,279) (4,858) (3,579) 5,013 (3,123) (8,136) - - - - - - - - - - - - - - - - - - (1,279) (4,858) (3,579) 5,013 (3,123) (8,136) 41,007 41,007 - 91,999 91,999 - 39,728 $ 36,149 $ (3,579) $ 97,012 $ 88,876 $ (8,136) $ Continued FY04 Sidewalk & Curb FY05 Sidewalk & Curb Page SI-75 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 174,748 220,729 45,981 116,840 130,374 13,534 - - - - - - - 2,815 2,815 - 1,779 1,779 174,748 223,544 48,796 116,840 132,153 15,313 - - - - - - 165,329 165,329 - 116,840 116,840 - 165,329 165,329 - 116,840 116,840 - 9,419 58,215 48,796 - 15,313 15,313 - - - - - - - - - - - - - - - - - - 9,419 58,215 48,796 - 15,313 15,313 82,727 82,727 - 48,410 48,410 - 92,146 $ 140,942 $ 48,796 $ 48,410 $ 63,723 $ 15,313 $ Continued FY07 Sidewalk & Curb FY06 Sidewalk & Curb Page SI-76 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - 62,390 62,390 - - - - - - - - - - 398 398 - 4 4 - 62,788 62,788 - 4 4 - - - - - - 79,393 79,392 1 - - - 79,393 79,392 1 - - - (79,393) (16,604) 62,789 - 4 4 - - - - - - - - - - - - - - - - - - (79,393) (16,604) 62,789 - 4 4 10,732 10,732 - 219 219 - (68,661) $ (5,872) $ 62,789 $ 219 $ 223 $ 4 $ Continued FY08 Sidewalk & Curb SID 495 Page SI-77 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - 78 78 118,263 117,528 (735) - - - - - - - 65 65 - 3,177 3,177 - 143 143 118,263 120,705 2,442 - - - - - - - - - 100,980 100,980 - - - - 100,980 100,980 - - 143 143 17,283 19,725 2,442 - - - - - - - - - - - - - - - - - - - 143 143 17,283 19,725 2,442 3,761 3,761 - 162,933 162,933 - 3,761 $ 3,904 $ 143 $ 180,216 $ 182,658 $ 2,442 $ Continued SID 498 SID 497 Page SI-78 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 45,200 42,954 (2,246) 12,097 11,060 (1,037) - - - - - - - 1,547 1,547 - 474 474 45,200 44,501 (699) 12,097 11,534 (563) - - - - - - 27,960 27,960 - 12,060 12,060 - 27,960 27,960 - 12,060 12,060 - 17,240 16,541 (699) 37 (526) (563) - - - - - - - - - - - - - - - - - - 17,240 16,541 (699) 37 (526) (563) 74,945 74,945 - 25,817 25,817 - 92,185 $ 91,486 $ (699) $ 25,854 $ 25,291 $ (563) $ Continued SID 503 SID 501 Page SI-79 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 13,827 12,343 (1,484) 2,387 - (2,387) - - - - - - - 262 262 - 25 25 13,827 12,605 (1,222) 2,387 25 (2,362) - - - - - - 10,650 10,650 - - - - 10,650 10,650 - - - - 3,177 1,955 (1,222) 2,387 25 (2,362) - - - - - - - - - - - - - - - - - - 3,177 1,955 (1,222) 2,387 25 (2,362) 10,864 10,864 - 1,349 1,349 - 14,041 $ 12,819 $ (1,222) $ 3,736 $ 1,374 $ (2,362) $ Continued SID 505 SID 506 Page SI-80 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 4,670 4,483 (187) 283 257 (26) - - - - - - - 80 80 - 15 15 4,670 4,563 (107) 283 272 (11) - - - - - - - - - - - - - - - - - - 4,670 4,563 (107) 283 272 (11) - - - - - - - - - - - - - - - - - - 4,670 4,563 (107) 283 272 (11) 2,740 2,740 - 571 571 - 7,410 $ 7,303 $ (107) $ 854 $ 843 $ (11) $ Continued SID 507 SID 508 Page SI-81 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 16,855 15,560 (1,295) 16,719 15,476 (1,243) - - - - - - - 1,831 1,831 - 469 469 16,855 17,391 536 16,719 15,945 (774) - - - - - - - - - 14,960 14,960 - - - - 14,960 14,960 - 16,855 17,391 536 1,759 985 (774) - - - - - - - - - - - - - - - - - - 16,855 17,391 536 1,759 985 (774) 92,524 92,524 - 24,965 24,965 - 109,379 $ 109,915 $ 536 $ 26,724 $ 25,950 $ (774) $ Continued SID 511 SID 510 Page SI-82 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 124,281 112,697 (11,584) - - - - - - - - - - 5,133 5,133 - 592 592 124,281 117,830 (6,451) - 592 592 - - - - - - 145,441 145,441 - 3,321 3,320 1 145,441 145,441 - 3,321 3,320 1 (21,160) (27,611) (6,451) (3,321) (2,728) 593 - - - - - - - - - - - - - - - - - - (21,160) (27,611) (6,451) (3,321) (2,728) 593 253,569 253,569 - 32,709 32,709 - 232,409 $ 225,958 $ (6,451) $ 29,388 $ 29,981 $ 593 $ Continued SID 512 SID 513 Page SI-83 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 13,170 11,429 (1,741) - - - - - - - - - - 1,579 1,579 - (273) (273) 13,170 13,008 (162) - (273) (273) - - - - - - 17,245 17,244 1 802 802 - 17,245 17,244 1 802 802 - (4,075) (4,236) (161) (802) (1,075) (273) - - - - - - - - - - - - - - - - - - (4,075) (4,236) (161) (802) (1,075) (273) 83,596 83,596 - (14,698) (14,698) - 79,521 $ 79,360 $ (161) $ (15,500) $ (15,773) $ (273) $ Continued SID 514 SID 515 Page SI-84 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 4,866 4,310 (556) 2,106 1,950 (156) - - - - - - - 190 190 - 134 134 4,866 4,500 (366) 2,106 2,084 (22) - - - - - - 7,431 7,431 - 3,180 3,179 1 7,431 7,431 - 3,180 3,179 1 (2,565) (2,931) (366) (1,074) (1,095) (21) - - - - - - - - - - - - - - - - - - (2,565) (2,931) (366) (1,074) (1,095) (21) 9,434 9,434 - 6,738 6,738 - 6,869 $ 6,503 $ (366) $ 5,664 $ 5,643 $ (21) $ Continued SID 518 SID 517 Page SI-85 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 7,476 6,763 (713) 151,274 163,771 12,497 - - - - - - - 272 272 - 2,739 2,739 7,476 7,035 (441) 151,274 166,510 15,236 - - - - - - 8,894 8,894 - 160,320 160,320 - 8,894 8,894 - 160,320 160,320 - (1,418) (1,859) (441) (9,046) 6,190 15,236 - - - - - - - - - - - - - - - - - - (1,418) (1,859) (441) (9,046) 6,190 15,236 13,487 13,487 - 136,492 136,492 - 12,069 $ 11,628 $ (441) $ 127,446 $ 142,682 $ 15,236 $ Continued SID 520 SID 519 Page SI-86 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 568 19 (549) 916 - (916) - - - - - - - 97 97 - 104 104 568 116 (452) 916 104 (812) - - - - - - 660 660 - 954 954 - 660 660 - 954 954 - (92) (544) (452) (38) (850) (812) - - - - - - - - - - - - - - - - - - (92) (544) (452) (38) (850) (812) 5,405 5,405 - 5,827 5,827 - 5,313 $ 4,861 $ (452) $ 5,789 $ 4,977 $ (812) $ Continued SID 522 SID 521 Page SI-87 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 44,328 38,331 (5,997) 183,102 185,758 2,656 - - - - - - - 3,754 3,754 - 7,665 7,665 44,328 42,085 (2,243) 183,102 193,423 10,321 - - - - - - 44,440 44,440 - 180,920 180,920 - 44,440 44,440 - 180,920 180,920 - (112) (2,355) (2,243) 2,182 12,503 10,321 - - - - - - - - - - - - - - - - - - (112) (2,355) (2,243) 2,182 12,503 10,321 205,121 205,121 - 399,895 399,895 - 205,009 $ 202,766 $ (2,243) $ 402,077 $ 412,398 $ 10,321 $ Continued SID 526 SID 525 Page SI-88 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 3,845 3,482 (363) 829 923 94 - - - - - - - 78 78 - 77 77 3,845 3,560 (285) 829 1,000 171 - - - - - - 3,580 3,539 41 909 884 25 3,580 3,539 41 909 884 25 265 21 (244) (80) 116 196 - - - - - - - - - - - - - - - - - - 265 21 (244) (80) 116 196 7,340 7,340 - 4,918 4,918 - 7,605 $ 7,361 $ (244) $ 4,838 $ 5,034 $ 196 $ Continued SID 527 SID 530 Page SI-89 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 4,230 4,218 (12) 53,272 51,894 (1,378) - - - - - - - 241 241 - 946 946 4,230 4,459 229 53,272 52,840 (432) - - - - - - - - - 51,098 51,097 1 - - - 51,098 51,097 1 4,230 4,459 229 2,174 1,743 (431) - - - - - - - - - - - - - - - - - - 4,230 4,459 229 2,174 1,743 (431) 10,972 10,972 - 39,043 39,043 - 15,202 $ 15,431 $ 229 $ 41,217 $ 40,786 $ (431) $ Continued SID 531 SID 532 Page SI-90 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 19,241 16,711 (2,530) 23,505 21,428 (2,077) - - - - - - - 757 757 - 444 444 19,241 17,468 (1,773) 23,505 21,872 (1,633) - - - - - - 18,119 18,119 - 18,794 18,794 - 18,119 18,119 - 18,794 18,794 - 1,122 (651) (1,773) 4,711 3,078 (1,633) - - - - - - - - - - - - - - - - - - 1,122 (651) (1,773) 4,711 3,078 (1,633) 40,637 40,637 - 22,407 22,407 - 41,759 $ 39,986 $ (1,773) $ 27,118 $ 25,485 $ (1,633) $ Continued SID 534 SID 533 Page SI-91 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 7,019 6,130 (889) 40,531 41,931 1,400 - - - - - - - 293 293 - 1,102 1,102 7,019 6,423 (596) 40,531 43,033 2,502 - - - - - - - - - 31,473 31,473 - - - - 31,473 31,473 - 7,019 6,423 (596) 9,058 11,560 2,502 - - - - - - - - - - - - - - - - - - 7,019 6,423 (596) 9,058 11,560 2,502 13,372 13,372 - 49,965 49,965 - 20,391 $ 19,795 $ (596) $ 59,023 $ 61,525 $ 2,502 $ Continued SID 535 SID 536 Page SI-92 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR DEBT SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Taxes Special Assessments Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Debt Service Total Expenditures Excess (Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Excess (Deficiency) of Revenue Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ 2,548 2,349 (199) 119,068 154,192 35,124 - - - - - - - 130 130 - 2,360 2,360 2,548 2,479 (69) 119,068 156,552 37,484 - - - - - - - - - 121,293 121,293 - - - - 121,293 121,293 - 2,548 2,479 (69) (2,225) 35,259 37,484 - - - - - - - - - - - - - - - - - - 2,548 2,479 (69) (2,225) 35,259 37,484 6,144 6,144 - 88,576 88,576 - 8,692 $ 8,623 $ (69) $ 86,351 $ 123,835 $ 37,484 $ SID 540 SID 539 Page SI-93 ---PAGE BREAK--- ---PAGE BREAK--- NONMAJOR GOVERNMENTAL NONMAJOR GOVERNMENTAL FUNDS FUNDS BUDGET TO ACTUAL BUDGET TO ACTUAL CAPITAL PROJECT FUNDS CAPITAL PROJECT FUNDS ---PAGE BREAK--- ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) REVENUES Intergovernmental - $ - $ - $ - $ - $ - $ Miscellaneous - 32,381 32,381 - - - Investment Earnings - - - - - - Total Revenues - 32,381 32,381 - - - EXPENDITURES General Government - - - - - - Public Safety - - - - - - Public Works - - - - - - Culture & Recreation - - - - - - Debt Service - - - - - - Capital Outlay 389,626 39,906 349,720 1,433,736 853,883 579,853 Total Expenditures 389,626 39,906 349,720 1,433,736 853,883 579,853 Excess(Deficiency) of Revenue Over Expenditures (389,626) (7,525) 382,101 (1,433,736) (853,883) 579,853 Other Financing Sources (Uses) Operating Transfers In - - - - - - Operating Transfers Out - - - - (162,732) (162,732) Issuance of Long Term Debt - - - - - - Total Other Financing Sources(Uses) - - - - (162,732) (162,732) Excess(Deficiency) of Revenues Over Expenditures (389,626) (7,525) 382,101 (1,433,736) (1,016,615) 417,121 Fund Balance, June 30, 2008 389,627 389,627 - 1,209,271 1,209,271 - Fund Balance, June 30, 2009 1 $ 382,102 $ 382,101 $ (224,465) $ 192,656 $ 417,121 $ Continued 1997 Open Space Fire Station GO Bond Page SI-94 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - 468 468 - 164 164 - 468 468 - 164 164 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 468 468 - 164 164 - - - - - - - - - - - - - - - - - - - - - - - - - 468 468 - 164 164 25,463 25,463 - 8,895 8,895 - 25,463 $ 25,931 $ 468 $ 8,895 $ 9,059 $ 164 $ Continued 06 Sidewalk & Curb 07 Sidewalk & Curb Page SI-95 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - 126,238 126,238 - (174) (174) - (10,129) (10,129) - (174) (174) - 116,109 116,109 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 351,723 351,723 - - - - 351,723 351,723 - - (174) (174) (351,723) (235,614) 116,109 - - - - - - - - - - - - - - - 351,723 - (351,723) - - - 351,723 - (351,723) - (174) (174) - (235,614) (235,614) (2,923) (2,923) - (296,820) (296,820) - (2,923) $ (3,097) $ (174) $ (296,820) $ (532,434) $ (235,614) $ Continued 08 Sidewalk & Curb 09 Sidewalk & Curb Page SI-96 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - (448) (448) - 13 13 - (448) (448) - 13 13 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 379,822 379,822 - - - - 379,822 379,822 - - - - (379,822) (380,270) (448) - 13 13 - - - - - - - - - - - - 379,822 - (379,822) - - - 379,822 - (379,822) - - - - (380,270) (380,270) - 13 13 - - - (128) (128) - - $ (380,270) $ (380,270) $ (128) $ (115) $ 13 $ Continued 10 Sidewalk & Curb SID 530 Page SI-97 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - (795) (795) - 611 611 - (795) (795) - 611 611 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (795) (795) - 611 611 - - - - - - - - - - - - - - - - - - - - - - - - - (795) (795) - 611 611 (43,159) (43,159) - 38,453 38,453 - (43,159) $ (43,954) $ (795) $ 38,453 $ 39,064 $ 611 $ Continued SID 531 SID 532 Page SI-98 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ 10,000 $ 10,000 $ - $ 10,000 $ 10,000 $ - - - - - - - (176) (176) - (69) (69) - 9,824 9,824 - 9,931 9,931 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 9,824 9,824 - 9,931 9,931 - - - - - - - - - - - - - - - - - - - - - - - - 9,824 9,824 - 9,931 9,931 (16,477) (16,477) - (1,705) (1,705) - (16,477) $ (6,653) $ 9,824 $ (1,705) $ 8,226 $ 9,931 $ Continued SID 533 SID 534 Page SI-99 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ 10,000 $ 10,000 $ - - - - - - - (1,214) (1,214) - 25 25 - (1,214) (1,214) - 10,025 10,025 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,475 2,474 1 - - - 2,475 2,474 1 - (1,214) (1,214) (2,475) 7,551 10,026 - - - - - - - - - - - - - - - 2,475 - (2,475) - - - 2,475 - (2,475) - (1,214) (1,214) - 7,551 7,551 (65,861) (65,861) - (5,345) (5,345) - (65,861) $ (67,075) $ (1,214) $ (5,345) $ 2,206 $ 7,551 $ Continued SID 536 SID 535 Page SI-100 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - (105) (105) - (367) (367) - (105) (105) - (367) (367) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (105) (105) - (367) (367) - - - - - - - - - - - - - - - - - - - - - - - - (105) (105) - (367) (367) (4,890) (4,890) - (19,954) (19,954) - (4,890) $ (4,995) $ (105) $ (19,954) $ (20,321) $ (367) $ Continued SID 538 SID 539 Page SI-101 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - 2,058 2,058 - (2,396) (2,396) - 2,058 2,058 - (2,396) (2,396) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 218,750 218,750 - - - - 218,750 218,750 - - 2,058 2,058 (218,750) (221,146) (2,396) - - - - - - - - - - - - - - - 218,750 - (218,750) - - - 218,750 - (218,750) - 2,058 2,058 - (221,146) (221,146) 111,689 111,689 - (111,696) (111,696) - 111,689 $ 113,747 $ 2,058 $ (111,696) $ (332,842) $ (221,146) $ Continued SID 541 SID 540 Page SI-102 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - (2,372) (2,372) - (1,143) (1,143) - (2,372) (2,372) - (1,143) (1,143) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (2,372) (2,372) - (1,143) (1,143) - - - - - - - - - - - - - - - - - - - - - - - - - (2,372) (2,372) - (1,143) (1,143) (128,777) (128,777) - (70,710) (70,710) - (128,777) $ (131,149) $ (2,372) $ (70,710) $ (71,853) $ (1,143) $ Continued SID 542 SID 543 Page SI-103 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - - - - - - - (194) (194) - 155 155 - (194) (194) - 155 155 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 72 71 1 107,956 107,956 - 72 71 1 107,956 107,956 - (72) (265) (193) (107,956) (107,801) 155 - - - - - - - - - - - - - - - - - - - - - - - - (72) (265) (193) (107,956) (107,801) 155 3,763 3,763 - 105,092 105,092 - 3,691 $ 3,498 $ (193) $ (2,864) $ (2,709) $ 155 $ Continued Miller Creek Construction Miller Creek Mitigation Page SI-104 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Variance - Over Over Budget Actual (Under) Budget Actual (Under) - $ - $ - $ - $ - $ - $ - 551,358 551,358 - - - - 9,728 9,728 - (21) (21) - 561,086 561,086 - (21) (21) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 126,754 126,754 - 10,696 54,167 (43,471) 126,754 126,754 - 10,696 54,167 (43,471) (126,754) 434,332 561,086 (10,696) (54,188) (43,492) - - - - - - - - - - - - - - - 10,696 - (10,696) - - - 10,696 - (10,696) (126,754) 434,332 561,086 - (54,188) (54,188) - - - - - - (126,754) $ 434,332 $ 561,086 $ - $ (54,188) $ (54,188) $ Continued Miller Creek Construction Rattlesnake Sewer Collection Page SI-105 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (BUDGETARY BASIS) NONMAJOR CAPITAL PROJECTS FUNDS FOR THE YEAR ENDED JUNE 30, 2009 REVENUES Intergovernmental Miscellaneous Investment Earnings Total Revenues EXPENDITURES General Government Public Safety Public Works Culture & Recreation Debt Service Capital Outlay Total Expenditures Excess(Deficiency) of Revenue Over Expenditures Other Financing Sources (Uses) Operating Transfers In Operating Transfers Out Issuance of Long Term Debt Total Other Financing Sources(Uses) Excess(Deficiency) of Revenues Over Expenditures Fund Balance, June 30, 2008 Fund Balance, June 30, 2009 Variance - Over Budget Actual (Under) - $ - $ - $ - - - - - - - - - - - - - - - - - - - - - - - - 145 145 - 145 145 - (145) (145) - - - - - - - 145 - (145) 145 - (145) - (145) (145) - - - - $ (145) $ (145) $ Phillips St Traffic Calming Page SI-106 ---PAGE BREAK--- ---PAGE BREAK--- STATISTICAL SECTION STATISTICAL SECTION ---PAGE BREAK--- ---PAGE BREAK--- Sources: Unless otherwise noted the information in these schedules is derived from the Comprehensive Annual Financial Reports for the relevant years. STATISTICAL SECTION This part of the city of Missoula’s Comprehensive Annual Financial Report presents detailed information as a context for understanding what the information in the financial statements note disclosures ad required supplementary information says about the government’s overall financial health. Contents Page Financial Trends SS-1 to 4 These schedules contain trend information to help the reader understand how the government’s financial performance and well-being have changed over time. Revenue Capacity SS-5 to 10 These schedules contain information to help the reader assess the government’s most significant local revenue source, the property tax. Debt Capacity SS-11 to 19 These schedules present information to help the reader assess the affordability of the government’s current levels of outstanding debt and the government’s ability to issue additional debt in the future. Demographic and Economic Information SS-20 to 24 These schedules offer demographic and economic indicators to help the reader understand how the information in the government’s financial Activities take place. Operating Information SS-25 to 33 These schedules contain service and infrastructure data to help the reader understand how the information in the government’s financial report related to the services the government provides and the activities it performs. ---PAGE BREAK--- ---PAGE BREAK--- 2004 2005 2006 2007 2008 2009 Government activities Investment in capital assets, net of related debt 84,425,320 $ 85,219,599 $ 97,908,705 $ 103,905,986 $ 95,716,983 $ 100,490,698 $ Restricted 13,144,514 3,280,061 3,602,376 3,007,558 3,175,573 3,654,339 Unrestricted 6,552,715 18,145,146 11,552,345 17,010,325 18,285,910 14,462,852 Total government activities net assets 104,122,549 $ 106,644,806 $ 113,063,426 $ 123,923,869 $ 117,178,466 $ 118,607,889 $ Business-type activities Investment in capital assets, net of related debt 50,437,434 $ 54,728,019 $ 53,483,675 $ 55,807,247 $ 73,746,920 $ 74,821,900 $ Restricted 1,307,315 2,525,370 1,303,028 1,320,306 1,303,028 1,337,645 Unrestricted 4,949,789 2,432,543 6,053,027 5,604,871 2,250,457 1,441,584 Total business-type activities net assets 56,694,538 $ 59,685,932 $ 60,839,730 $ 62,732,424 $ 77,300,405 $ 77,601,129 $ Primary Government Investment in capital assets, net related debt 134,862,754 $ 139,947,618 $ 151,392,380 $ 159,713,233 $ 169,463,903 $ 175,312,598 $ Restricted 14,451,829 5,805,431 4,905,404 4,327,864 4,478,601 4,991,984 Unrestricted 11,502,504 20,577,689 17,605,372 22,615,196 20,536,367 15,904,436 Total primary government net assets 160,817,087 $ 166,330,738 $ 173,903,156 $ 186,656,293 $ 194,478,871 $ 196,209,018 $ Source: City of Missoula (accrual basis of accounting) Fiscal Year Typically this statistical table presents information on a ten year basis, however, the City converted to the GASB 34 reporting format in FY 03. Thus there is only information presented since that time. CITY OF MISSOULA, MONTANA NET ASSETS BY COMPONENT Last Six Fiscal Years Page SS-1 ---PAGE BREAK--- 2004 2005 2006 2007 2008 2009 Expenses Governmental activities: General government 4,814,217 $ 5,447,966 $ 7,670,901 $ 7,947,585 $ 7,164,932 $ 8,492,155 $ Public safety 15,774,300 17,596,888 18,706,533 20,685,934 22,864,926 20,993,673 Public works 9,728,383 5,880,778 6,019,601 3,102,523 11,992,483 10,148,557 Public health 1,033,396 1,118,946 1,178,646 1,275,114 1,382,490 1,422,347 Social and economic 245,802 131,017 138,564 165,849 115,000 118,450 Culture and recreation 2,712,280 3,346,471 3,795,635 4,687,707 3,580,622 3,667,078 Housing & development 669,857 1,494,654 1,391,082 1,416,594 2,189,207 1,336,972 Conservation of natural resources - 108,599 169,228 296,617 - - Miscellaneous 590,225 910,387 - - - Interest on long-term debt 1,235,533 1,867,190 1,429,993 1,675,186 1,665,936 1,595,937 Total governmental activities expenses 36,803,993 37,902,896 40,500,183 41,253,109 50,955,596 47,775,169 Business-type activities Wastewater treatment 5,400,406 5,904,344 6,084,445 6,239,307 $ 6,716,237 $ 6,738,463 $ Aquatics - - - - 1,412,133 1,456,758 Total business-type activities expenses 5,400,406 5,904,344 6,084,445 6,239,307 8,128,370 8,195,221 Total primary government expenses 42,204,399 $ 43,807,240 $ 46,584,628 $ 47,492,416 $ 59,083,966 $ 55,970,390 $ Program Revenues Government activities Program revenues: Charges for services 8,558,269 $ 7,333,406 $ 7,658,546 $ 9,165,744 $ 9,915,006 $ 8,714,908 $ Operating grants & contributions 5,248,503 2,532,942 2,986,691 1,789,207 1,264,937 1,978,844 Capital grants & contributions 300,948 4,744,999 3,594,855 7,785,160 7,572,822 2,848,638 Total governmental activities program revenues 14,107,720 14,611,347 14,240,092 18,740,111 18,752,765 13,542,390 Business-type activities Charges for services 6,306,775 7,265,855 6,620,032 6,510,110 7,635,175 7,681,591 Operating grants & contributions - - - - - 1,435 Capital grants & contributions 1,121,104 1,283,828 827 1,208,512 1,414,448 885,658 Total business-type activities program revenues 7,427,879 8,549,683 6,620,859 7,718,622 9,049,623 8,568,684 Total primary governmental program revenues 21,535,599 $ 23,161,030 $ 20,860,951 $ 26,458,733 $ 27,802,388 $ 22,111,074 $ Net (expense) revenue Governmental activities: (22,696,273) $ (23,291,549) $ (26,260,091) $ (22,512,998) $ (32,202,831) $ (34,232,779) $ Business-type activities 2,027,473 2,645,339 536,414 1,479,315 921,254 373,463 Total primary government expenses (20,668,800) $ (20,646,210) $ (25,723,677) $ (21,033,683) $ (31,281,577) $ (33,859,316) $ General Revenues and Other Changes In Net Assets Governmental activities Property taxes for general purposes 19,972,703 $ 17,967,026 $ 17,869,988 $ 21,003,491 $ 23,662,238 $ 23,994,499 $ Annexation & developer contributions 9,964,080 5,772,066 4,935,983 - - - State contribution for retirement - - - - - - Intergovernmental revenue 5,191,107 9,048,644 9,789,157 10,078,402 11,370,796 10,600,677 Investment earnings 381,380 209,628 203,490 695,655 652,572 210,232 Gain on sale of capital assets - - - (54,070) 1,980,388 15,979 Miscellaneous 545,714 684,960 517,530 959,284 1,383,397 468,609 Interfund transactions 242,188 220,635 224,539 233,065 (64,798) 122,637 Special Items - - - - (13,409,208) - Total governmental activities 36,297,172 33,902,959 33,540,687 32,915,827 25,575,385 35,412,633 Business-type activities Annexation & developer contributions - - 775,800 - - - Investment earnings 369,797 299,782 63,237 330,545 168,312 47,494 Miscellaneous 23,773 8,749 2,886 2,337 3,378 2,405 Gain or loss on sale of capital assets - - - 9,860 5,778 - Interfund transactions (242,188) (220,635) (224,539) (233,065) 64,798 (122,637) Special Items - - - - 13,409,208 - Total business-type activities 151,382 87,896 617,384 109,677 13,651,474 (72,738) Total primary government 36,448,554 $ 33,990,855 $ 34,158,071 $ 33,025,504 $ 39,226,859 $ 35,339,895 $ Change in Net Assets Governmental activities 13,600,899 $ 10,611,410 $ 7,280,596 $ 10,402,829 $ (6,627,446) $ 1,179,854 $ Business-type activities 2,178,855 2,733,235 1,153,798 1,588,992 14,572,728 300,725 Total primary government 15,779,754 $ 13,344,645 $ 8,434,394 $ 11,991,820 $ 7,945,282 $ 1,480,579 $ Source: City of Missoula Fiscal Year CITY OF MISSOULA, MONTANA CHANGE IN NET ASSETS Last Six Fiscal Years (accrual basis of accounting) Page SS-2 ---PAGE BREAK--- 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 General Fund Reserved 10,928 $ 8,202 $ 6,826 $ - $ 396,988 $ 639,060 $ 588,145 $ 759,606 $ 558,624 $ 699,325 $ Unreserved 2,573,821 2,427,933 1,645,837 1,011,574 1,450,347 1,167,446 1,341,370 1,365,053 643,449 201,062 Total General Fund $2,584,749 $2,436,135 $1,652,663 $1,011,574 $1,847,335 $1,806,506 $1,929,515 $2,124,659 $1,202,073 900,387 $ All other governmental funds Reserved $1,207,657 $1,980,958 $3,602,376 $2,054,790 $2,993,025 $3,280,061 $3,602,376 $3,007,558 $3,175,573 3,654,339 $ Unreserved, reported in: Special revenue funds 2,749,470 3,057,184 1,939,572 2,952,039 2,458,951 2,124,775 1,939,572 1,462,685 3,208,509 3,814,089 Debt service funds - 1,980,958 1,939,572 (35,775) - - - - - - Capital projects funds 1,758,329 332,583 (5,290,370) (912,811) 7,692,538 7,181,073 (5,290,370) 521,612 (1,471,297) (4,728,035) Total other governmental funds $5,715,456 $7,351,683 $2,191,150 $4,058,243 $13,144,514 $12,585,909 $251,578 $4,991,855 $4,912,785 2,740,393 $ Source: City of Missoula CITY OF MISSOULA, MONTANA FUND BALANCES OF GOVERNMENTAL FUNDS Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year Page SS-3 ---PAGE BREAK--- 2003 2004 2005 2006 2007 2008 2009 Revenues Taxes and assessments 16,515,528 $ 18,956,194 $ 19,470,666 $ 22,340,804 $ 24,128,385 $ 25,071,209 $ 26,649,687 $ Licenses and permits 2,287,385 2,318,146 3,165,413 2,839,058 2,927,474 4,054,474 2,753,704 Intergovernmental 11,846,177 11,091,624 14,238,028 13,208,755 13,035,698 12,747,140 13,147,938 Charges for services 2,336,424 2,700,372 3,298,503 3,625,225 4,540,977 3,911,813 4,439,499 Fines and forfeitures 795,329 857,707 1,223,864 1,178,920 1,421,588 1,215,955 1,130,177 Miscellaneous 420,425 520,337 309,781 949,537 975,534 1,699,515 1,168,486 Interest earnings 231,951 449,387 226,538 192,758 538,418 584,698 156,522 Total revenues 34,433,219 36,893,767 41,932,793 44,335,057 47,568,074 49,284,804 49,446,013 Expenditures General government 4,005,055 4,718,579 4,501,423 6,334,244 5,745,356 6,515,738 7,752,035 Public safety 14,588,393 15,420,765 16,957,739 18,138,794 19,880,732 21,637,023 21,669,039 Public works 4,929,802 5,239,404 5,765,617 5,803,509 6,161,928 6,670,377 6,624,812 Public health 1,030,253 1,008,837 1,096,344 1,152,195 1,249,223 1,364,663 1,404,043 Social and economic 105,100 100,706 105,238 108,395 132,897 115,000 118,450 Culture and recreation 2,206,720 2,468,401 2,719,381 3,011,054 3,676,479 3,118,438 3,278,075 Community development 709,847 681,088 2,129,109 2,379,741 2,202,392 2,041,498 1,193,372 Miscellaneous 788,987 795,362 910,387 - 947,093 - - Debt service - principal 2,734,737 4,369,674 2,432,981 2,783,319 6,127,301 2,973,898 3,026,661 Debt service - interest 1,044,657 1,126,448 1,428,517 1,357,860 1,671,508 1,665,936 1,595,937 Capital outlay 6,800,610 6,514,225 4,980,661 18,496,532 9,116,240 7,575,647 5,401,985 Total expenditures 38,944,161 42,443,489 43,027,397 59,565,643 56,911,149 53,678,218 52,064,409 Excess of revenues over (under) expenditures (4,510,942) (5,549,722) (1,094,604) (15,230,586) (9,343,075) (4,393,414) (2,618,396) Other financing sources (uses) Transfers in 4,864,269 5,474,240 4,833,042 5,338,325 7,003,875 4,551,456 5,343,911 Transfers out (4,898,223) (5,283,345) (4,675,148) (5,170,043) (6,821,059) (4,665,834) (5,282,309) Payments to Refunded Bond Escrow Agent - - - - (2,037,769) - Refunding Bond Proceeds - - - - 4,355,000 - Proceeds from sale of capital assets 48,921 228,088 46,347 100 - 840,620 82,716 Proceeds from long term debt 2,461,724 18,759,366 994,921 2,850,881 11,574,351 2,378,354 - Total other financing sources (uses) 2,476,691 19,178,349 1,199,162 3,019,263 14,074,398 3,104,596 144,318 Net change in fund balances (2,034,251) $ 13,628,627 $ 104,558 $ (12,211,323) $ 4,731,323 $ (1,288,818) $ (2,474,078) $ Debt service as a percentage of non-capital expenditures 13% 18% 15% 12% 23% 12% 12% Source: City of Missoula Typically this statistical table presents information on a ten year basis, however, the City converted to the GASB 34 reporting format in FY 03. Thus there is only information presented since that time. Fiscal Year CITY OF MISSOULA, MONTANA CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS Six Fiscal Years (modified accrual basis of accounting) Page SS-4 ---PAGE BREAK--- Taxing Authority 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 City of Missoula 146.63 159.15 165.19 169.48 176.32 182.57 196.39 204.73 212.23 222.45 County of Missoula County Wide 89.24 100.15 117.80 123.97 122.79 127.12 129.11 133.64 136.19 138.94 County Wide Schools 93.52 99.86 96.56 100.75 108.34 101.59 102.26 104.26 104.04 104.62 Total 182.76 200.01 214.36 224.72 231.13 228.71 231.37 237.90 240.23 243.56 District Schools School District One 138.20 136.72 149.04 153.24 159.27 158.29 150.66 150.26 145.45 142.75 High Schools 66.17 71.28 77.30 84.65 84.27 83.16 83.40 82.21 77.05 76.46 Total 204.37 208.00 226.34 237.89 243.54 241.45 234.06 232.47 222.50 219.21 State Levies University 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 Welfare 9.00 9.00 - - - - - Education Foundation 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 Total 55.00 55.00 46.00 46.00 46.00 46.00 46.00 46.00 46.00 46.00 Urban Transportation District 10.37 10.94 11.31 11.66 11.93 12.23 12.38 13.91 14.62 16.30 Total Levy on City Residents 599.13 633.10 663.20 689.75 708.92 710.96 720.20 735.01 735.58 747.52 Other Levies of Interest County Only 21.91 24.48 24.54 27.32 25.33 33.97 31.83 34.50 35.68 35.800 Missoula Rural Fire 62.14 71.27 73.97 74.25 77.37 78.26 79.64 80.89 91.13 94.130 Source: County of Missoula Accounting Office Note: MRA doesn't get University mills. CITY OF MISSOULA, MONTANA OVERLAPPING PROPERTY TAX LEVIES Last Ten Fiscal Years Page SS-5 ---PAGE BREAK--- Ratio of Total Estimated Taxable Value Assessed Value to Taxable Value Fiscal Market City Without Total Estimated Tax Increment Mill Year Value Tax Increment Market Value Districts Levy 2000 1,985,298,106 $ 77,024,392 $ 3.88% 3,737,101 $ 139.84 2001 2,111,624,637 76,698,959 3.63% 1,964,011 159.15 2002 2,247,822,357 78,961,906 3.51% 2,317,883 165.19 2003 2,403,250,454 82,076,104 3.42% 2,652,385 169.48 2004 2,636,857,585 84,586,453 3.21% 3,603,495 176.30 2005 2,805,424,077 91,358,406 3.26% 3,844,866 182.57 2006 2,901,638,641 93,533,579 3.22% 1,446,959 196.39 2007 3,195,587,513 99,332,558 3.11% 1,806,159 204.73 2008 3,369,424,088 103,000,436 3.06% 1,909,938 212.23 2009 3,757,969,949 104,408,018 2.78% 4,507,159 222.45 Source: Missoula County Assessors Office CITY OF MISSOULA, MONTANA ESTIMATED MARKET VALUE, TAXABLE VALUE AND MILL LEVY Last Ten Fiscal Years Page SS-6 ---PAGE BREAK--- Fiscal Year Real Property Equipment & Fixtures Electric, Airline & Telecommunic ations Railroad Electric, Phone Co- ops & Pollution Control Other Tax Increment District Total Taxable Assessed Value 2000 63,363 $ 6,579 $ 7,862 $ 682 $ 275 $ 32 $ (3,464) $ 75,329 $ 2001 68,232 3,561 5,970 568 307 25 (1,964) 76,699 2002 70,987 3,745 5,528 521 347 16 (2,315) 78,829 2003 74,393 4,145 5,313 389 399 8 (2,612) 82,035 2004 78,436 4,362 4,902 372 363 (246) (3,603) 84,586 2005 81,061 4,529 4,999 363 380 27 (3,845) 87,514 2006 84,231 4,697 5,291 346 379 61 (1,471) 93,534 2007 91,045 4,474 7,475 313 382 - (1,806) 101,883 2008 ^ - - - - - - - - 2009 96,352 5,133 3,585 348 380 3,117 (4,507) 104,408 *Property in the City is assessed at actual value; therefore, the assessed values are equal to actual value. ^ 2008 Values were not available at time of publication. Source: Missoula County Assessor's Office and Department of Revenue. *This table presents taxable property assessments at values calculated after certified values were received from the Department of Revenue. These values will not articulate to certified values. CITY OF MISSOULA, MONTANA ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY Last Ten Fiscal Years (in thousands of dollars) Page SS-7 ---PAGE BREAK--- % Change Fiscal Assessed Value Value Value Value Over Last Year City Property Number Estimate Number Estimate Number Estimate Year 2000 1,985,298,106 $ 288 29,407,617 $ 181 8,841,540 $ 1,895 120,150,936 $ 1.98% 2001 2,111,624,637 285 28,288,095 282 12,361,447 1,694 135,701,353 12.94% 2002 2,247,822,357 365 34,135,109 335 13,880,421 1,930 102,287,782 -24.62% 2003 2,403,250,454 419 38,976,115 1,111 47,410,182 2,180 193,963,792 89.63% 2004 2,636,857,585 367 31,611,232 359 15,081,537 1,663 109,963,100 -43.31% 2005 2,805,424,077 457 38,970,878 194 8,157,757 1,677 113,217,490 2.96% 2006 2,901,638,641 374 35,521,132 79 4,393,527 1,494 99,855,627 -11.80% 2007 3,195,587,513 303 31,466,438 125 5,675,665 1,613 89,139,379 -21.27% 2008 3,369,424,088 229 21,554,764 138 8,566,097 1,530 133,165,009 33.36% 2009 3,757,969,949 142 11,627,586 57 2,011,857 1,291 63,987,567 -28.22% Source: City of Missoula Building Inspection Office and Missoula County Assessor CITY OF MISSOULA, MONTANA Last Ten Fiscal Years New Construction All Construction PROPERTY VALUE AND NEW CONSTRUCTION Single Family Multi-Family Page SS-8 ---PAGE BREAK--- Taxpayer Taxable Assessed Value Rank Percentage of City Taxable Assessed Value Taxable Assessed Value Rank Percentage of City Taxable Assessed Value NORTHWESTERN CORPORATION 3,030,470 $ 1 2.90% QWEST COMMUNICATIONS 2,022,489 2 1.94% MOUNTAIN WATER COMPANY 1,049,135 3 1.00% 841,267 $ 3 1.07% SOUTHGATE MALL 909,923 4 0.87% 795,803 4 1.01% GATEWAY LIMITED PARTNERSHIP 763,174 5 0.73% 610,067 5 0.77% CELLCO PARTNERSHIP DBA VERIZON 484,352 6 0.46% MOUNTAIN STATES LEASING 446,133 7 0.43% WESTERN HOSPITALITY GROUP 410,986 8 0.39% WW HOLDING CO INC/ALLTELL CORP 396,445 9 0.38% MONTANA RAIL LINK INC 355,644 10 0.34% 570,061 6 0.72% MONTANA POWER COMPANY 3,085,159 1 3.91% US WEST 2,378,881 2 3.01% NATIONWIDE HOSPITALITY LTD PARTNERSHIP 223,377 8 0.28% W.C. LEASING CORPORATION 243,197 9 0.31% VILLAGE MOTOR INN RED LION HOTEL INC 211,249 10 0.27% CREEKSIDE APARTMENTS 234,279 7 0.30% Total 9,868,751 $ 9.45% 9,193,340 $ 11.64% Source: Department of Revenue - Missoula County Finance Office 2009 2000 CITY OF MISSOULA, MONT ANA PRINCIPAL PROPERTY TAXPAYERS Current and Ten Years Ago Page SS-9 ---PAGE BREAK--- Fiscal Year Ended June 30th Total Tax Levy for Fiscal Year Amount Percentage of Levy Collections in Subsequent Years Amount Percentage of Levy Percentage of Delinquencies 2000 11,045,658 $ 10,137,825 $ 91.78% 401,463 $ 10,539,288 $ 95.42% 8.22% 2001 12,206,430 12,041,824 98.65% 371,989 12,413,813 101.70% 1.35% 2002 13,043,228 12,359,529 94.76% 399,678 12,759,207 97.82% 5.24% 2003 13,897,789 13,233,442 95.22% 387,103 13,620,545 98.01% 4.78% 2004 14,911,332 14,943,191 100.21% 281,762 15,224,953 102.10% -0.21% 2005 15,976,238 15,900,407 99.53% 208,969 16,109,376 100.83% 0.47% 2006 18,368,735 17,935,902 97.64% 366,878 18,302,780 99.64% 2.36% 2007 19,967,941 19,806,028 99.19% 220,890 20,026,918 100.30% 0.81% 2008 21,454,303 20,926,264 97.54% 56,389 20,982,653 97.80% 2.46% 2009 22,915,155 21,901,904 95.58% 887,073 22,788,977 99.45% 4.42% Source: City of Missoula Collected within the Fiscal Year of the Levy Total Collections to Date CITY OF MISSOULA, MONTANA PROPERTY TAX LEVIES AND COLLECTIONS GOVERNMENTAL FUND TYPES Last Ten Fiscal Years Page SS-10 ---PAGE BREAK--- Market Valuation 3,757,969,949 $ Market Valuation (Less Tax Increment) 3,756,060,011 $ Taxable Valuation 108,915,177 $ Taxable Valuation (Less Tax Increment) 104,408,018 $ Population 69,279 Direct Debt Per Capita 234 $ Direct and Overlapping Debt Per Capita 724 $ Direct Debt to Market Valuation 0.43% Direct and Overlapping Debt to Market Valuation 1.34% Direct Debt to Taxable Valuation 14.91% Direct and Overlapping Debt to Taxable Valuation 46.12% Market Valuation per Capita 54,244 $ Taxable Valuation per Capita 1,507 $ Source: City of Missoula GENERAL OBLIGATION DEBT RATIOS REQUIRED CONTINUING DISCLOSURE CITY OF MISSOULA, MONTANA The following general obligation debt ratios are provided as of June 30, 2009 Page SS-11 ---PAGE BREAK--- Gross Debt Less: Debt Service Funds Net Direct Debt General Obligation Debt Supported by Taxes 16,235,000 $ (51,766) $ 16,183,234 $ Debt Supported by General Fund 5,130,000 - 5,130,000 Revenue Debt (Sewer) 14,801,231 ( b ) 14,801,231 Revenue Debt (TIF and Parking) 6,905,000 ( c ) 6,905,000 Subtotal of Direct Debt 43,071,231 $ 43,019,465 $ Debt Service funds are as of June 30th. Includes money to pay both principal and interest. Monies are transferred from the Sewer Enterprise Fund to make the principal and interest payments on these bonds. Monies from the Missoula Parking Commission and tax increment revenues are used to make principal and interest payments on these bonds. G.O. Debt as of June 30, 2009 Percentage^ Amount Taxing Unit: Missoula County Elementary School District 740,000 $ 52.85% 391,080 $ Missoula County High School District 14,363,520 91.03% 13,074,823 Hellgate Elementary School District 13,485,000 15.16% 2,043,657 Target Range Elementary School District 355,000 4.55% 16,151 Missoula County 19,056,000 96.93% 18,471,620 Subtotal of Indirect Debt 47,999,520 $ 33,997,331 $ 77,016,796 $ G.O. Net Direct Debt G.O. Indirect & Net Direct Debt Current Year Estimated Value 0.43% 1.34% Per Capita 234 $ 724 $ *Includes general obligation debt and debt supported by general fund revenues, excludes revenue supported debt. Source: City of Missoula Source: Missoula County Assessors Office Source: Local Schools Summary of Indirect Debt AS OF JUNE 30, 2009 Total of Direct and Indirect Debt ^The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of the county's taxable assessed value that is within the government's boundaries and dividing it by the county's total taxable assessed value. Debt Ratios* SUMMARY OF DIRECT DEBT, INDIRECT DEBT AND DEBT RATIOS REQUIRED CONTINUING DISCLOSURE Debt Applicable to Tax Capacity of City Summary of Direct Debt Page SS-12 ---PAGE BREAK--- 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Debt Limit 21,476 $ 33,942 $ 36,289 $ 39,817 $ 42,362 $ 43,815 $ 48,253 $ 84,236 $ 85,308 $ 93,949 Total net debt applicable to limit 10,455 9,754 9,279 8,438 15,995 15,566 14,511 18,972 16,426 16,426 Legal debt Margin 11,021 $ 24,188 $ 27,010 $ 31,379 $ 26,367 $ 28,249 $ 33,742 $ 65,264 $ 68,882 $ 77,523 $ Total net debt applicable to the limit as a percentage of debt limit 48.68% 28.74% 25.57% 21.19% 37.76% 35.53% 30.07% 22.52% 19.26% 17.48% Legal Debt Margin Calculation for Fiscal Year 2009 Assessed Value of Taxable Property as Ascertained by the last Assessment for Taxes 3,757,970 $ Debt Limit 2.5% of Assessed Value 2.50% General Obligation Debt Limit 93,949 Less: Outstanding General Obligation Debt, June 30, 2008 16,426 Total net debt applicable to limit 77,523 L l D bt M i 77 523 $ (amounts expressed in thousands) Fiscal Year CITY OF MISSOULA, MONTANA LEGAL DEBT MARGIN INFORMATION Last Ten Fiscal Years Legal Debt Margin 77,523 $ Source: City of Missoula Source: Missoula County Assessors Office Montana Statute (7-7-4201) prescribes a legal debt limit of 2.5% of the total assessed value of taxable property, which was increased in the FY 2007 legislature from 1.51%. Page SS-13 ---PAGE BREAK--- Business- Type Activities Fiscal Year General Obligation Bonds Limited Obligation Bonds Special Assessment Bonds State Board of Investment Loans Sidewalk and Curb Warrants Revenue Bonds Total Primary Government Total Personal Per capita Income* Total Population Debt as a Percentage of Personal Income Debt Per Capita Debt as a Percentage of Market Value 2000 9,794,077 $ - $ 8,705,000 $ 661,136 $ 857,258 $ 250,000 $ 20,267,471 $ 24,361 $ 57,725 1.44% 351 0.84% 2001 9,319,628 160,000 8,504,698 434,858 670,865 1,700,000 20,790,049 26,296 58,939 1.34% 353 0.87% 2002 8,822,432 1,550,000 11,457,860 456,971 478,911 5,007,021 27,773,195 26,973 60,306 1.71% 461 1.16% 2003 8,302,060 1,495,000 12,928,173 236,290 327,830 8,693,367 31,982,720 27,815 61,774 1.86% 518 1.33% 2004 15,895,000 1,440,000 14,649,201 100,179 316,409 15,215,987 47,616,776 29,004 63,123 2.60% 754 1.81% 2005 15,020,000 1,380,000 14,226,402 546,373 228,628 16,586,138 47,987,541 30,101 64,389 2.48% 745 1.71% 2006 14,070,000 1,315,000 15,594,203 440,972 120,923 17,079,212 48,620,310 31,535 65,885 2.34% 738 1.68% 2007 18,720,000 4,760,000 15,455,681 252,453 120,923 16,797,231 56,106,288 32,386 57,141 3.03% 982 1.76% 2008 17,500,000 5,360,000 15,510,165 222,425 120,923 15,818,231 54,531,744 33,261 68,202 2.40% 800 1.62% 2009 16,235,000 5,130,000 14,030,295 191,309 100,248 14,801,231 50,488,083 33,587 69,279 2.17% 729 1.34% Source: City of Missoula Source: Missoula County Assessors Office Source: Montana Department of Labor - Research and Analysis Bureau *2007 is the most recent data available. Succeeding years are City estimates. Governmental Activities CITY OF MISSOULA, MONTANA RATIO OF OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years Page SS-14 ---PAGE BREAK--- Fiscal Year General Obligation Bonds Total Taxable Assessed Valuation Percentage of Taxable Value of Property Estimated Population Per Capita 2000 9,794 $ 77,024 $ 13% 57,725 169.67 2001 9,320 76,699 12% 58,939 158.13 2002 8,822 78,962 11% 60,306 146.29 2003 8,302 82,076 10% 61,774 134.39 2004 15,895 84,586 19% 63,123 251.81 2005 15,020 91,358 16% 64,389 233.27 2006 14,070 93,534 15% 65,885 213.55 2007 18,720 99,333 19% 65,311 286.63 2008 17,500 103,000 17% 68,202 256.59 2009 16,235 104,408 16% 69,279 234.34 Source: City of Missoula Source: Missoula County Assessors Office Source: Bureau of Economic Analysis CITY OF MISSOULA, MONTANA RATIO OF ANNUAL DEBT SERVICE REQUIREMENTS FOR Last Ten Fiscal Years Amounts expressed in thousands, except population and per capita Page SS-15 ---PAGE BREAK--- Fiscal Year Gross Revenue Direct Operating Expenses Net Revenue Available for Debt Principal Interest Total Current Year Coverage Max Annual Debt Service Coverage 2000 3,663,812 $ 2,356,463 $ 1,307,349 $ 206,000 $ 175,576 $ 381,576 $ 343% 301% 2001 4,383,126 2,554,575 1,828,551 247,000 206,338 453,338 403% 421% 2002 5,137,531 3,266,074 1,871,457 289,000 188,532 477,532 392% 390% City Operating* 2003 4,955,880 2,555,053 2,400,827 489,162 231,961 721,123 333% 379% Legal Calculation 2003 6,234,505 2,555,053 3,679,452 489,162 231,961 721,123 510% 580% City Operating* 2004 5,274,686 3,036,426 2,238,260 689,000 503,234 1,192,234 188% 151% Legal Calculation 2004 6,308,650 3,036,426 3,272,224 689,000 503,234 1,192,234 274% 221% City Operating* 2005 5,550,626 3,151,625 2,399,001 797,233 655,716 1,452,949 165% 162% Legal Calculation 2005 7,265,854 3,151,625 4,114,229 797,233 655,716 1,452,949 283% 278% City Operating* 2006 5,665,706 3,263,652 2,402,054 894,751 660,341 1,555,092 154% 135% Legal Calculation 2006 6,620,032 3,263,652 3,356,380 894,751 660,341 1,555,092 216% 189% City Operating* 2007 5,975,248 3,492,891 2,482,357 941,000 682,728 1,623,728 153% 150% Legal Calculation 2007 6,778,103 3,492,891 3,285,211 941,000 682,728 1,623,728 202% 199% City Operating* 2008 6,191,033 3,900,755 2,290,278 979,000 641,677 1,620,677 141% 141% Legal Calculation 2008 6,848,299 3,900,755 2,947,544 979,000 641,677 1,620,677 182% 181% City Operating* 2009 5,904,035 3,860,411 2,043,624 1,017,000 605,558 1,622,558 126% 126% Legal Calculation 2009 6,543,754 3,860,411 2,683,343 1,017,000 605,558 1,622,558 165% 166% *City baseline does not include sewer development fees. Legal calculation is based on revenue bond covenant details, section 2.3. Information for both calculations is only available from 2003-present. Does not include depreciation or bond interest. Net revenues divided by the maximum debt payment due in any future calendar year. Source: City of Missoula Annual Financial Reports Debt Service Requirements CITY OF MISSOULA, MONTANA PLEDGED-REVENUE COVERAGE WASTEWATER FACILITY REVENUE BONDS Last Ten Fiscal Years Page SS-16 ---PAGE BREAK--- Revolving Principal Fiscal Fund Cash Amount Year Balance of Bonds Percentage 2000 608,463 $ 8,705,000 $ 7.0% 2001 718,011 8,504,698 8.4% 2002 794,248 11,457,860 6.9% 2003 778,049 12,928,174 6.0% 2004 955,785 14,357,629 6.7% 2005 808,460 14,226,402 5.7% 2006 889,718 15,594,203 5.7% 2007 954,148 15,455,681 6.2% 2008 779,966 15,510,165 5.0% 2009 719,399 14,030,295 5.1% Source: City of Missoula REVOLVING FUND YEAR-END BALANCES Last Ten Fiscal Years CITY OF MISSOULA, MONTANA REQUIRED CONTINUING DISCLOSURE Page SS-17 ---PAGE BREAK--- 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Beginning Balance 792,077 $ 608,463 $ 718,011 $ 794,248 $ 778,049 $ 955,785 $ 808,460 $ 889,718 $ 954,148 $ 779,966 $ Disbursements/Transfers (183,614) 109,548 76,237 (16,199) 177,736 (147,325) 81,258 64,430 (174,182) (60,567.0) Ending Balance 608,463 $ 718,011 $ 794,248 $ 778,049 $ 955,785 $ 808,460 $ 889,718 $ 954,148 $ 779,966 $ 719,399 $ Assets: Cash 537,639 $ 687,189 $ 765,477 $ 742,524 $ 852,799 $ 808,460 $ 885,738 $ 928,632 $ 776,343 $ 702,257 $ Due from SID Funds 70,824 30,822 28,771 35,525 72,062 - - - - Other Receivables 365,984 348,414 330,525 310,660 320,488 227,828 218,910 222,281 184,856 182,844 Total Assets 974,447 1,066,425 1,124,773 1,088,709 1,245,349 1,036,288 1,104,648 1,150,913 961,200 885,101 Liabilities: Deferred Revenue 365,984 348,414 330,525 310,660 289,564 227,828 214,930 196,765 181,233 165,702 Total Liabilities 365,984 348,414 330,525 310,660 289,564 227,828 214,930 196,765 181,233 165,702 Total Fund Balance 608,463 $ 718,011 $ 794,248 $ 778,049 $ 955,785 $ 808,460 $ 889,718 $ 954,148 $ 779,966 $ 719,399 $ Source: City of Missoula Fiscal Year CITY OF MISSOULA, MONTANA REVOLVING FUND CHANGES IN FUND BALANCE REQUIRED CONTINUING DISCLOSURE Last Ten Years Page SS-18 ---PAGE BREAK--- Fiscal Year Estimated City Population County Population Total Personal Income Per Capita Income State Unemployment Rate Unemployment Rate 2000 57,725 96,167 2,342,773 $ 24,361 $ 4.8% 4.2% 2001 58,939 97,398 2,561,445 26,296 4.5% 3.9% 2002 60,306 98,925 2,669,139 26,973 4.5% 4.1% 2003 61,774 99,854 2,778,940 27,815 4.4% 3.9% 2004 63,123 100,810 2,926,024 29,004 4.3% 4.0% 2005 64,389 102,140 3,105,831 30,408 4.0% 3.7% 2006 65,885 103,973 3,310,016 31,835 3.5% 3.3% 2007 57,141 105,638 3,548,086 33,587 2.5% 2.3% 2008 68,202 107,320 3,701,168 42,538 4.1% 4.1% 2009 69,279 109,246 * 3,736,329 43,000 5.9% 5.6% 2000 population is from the US Census. 2008 City Population is from State of Montana Department of Labor and Industry. All other years are estimated. Only Missoula County information available. * Estimate for 2009 based on average increase of prior years. Source - Bureau of Economic Analysis and Department of Labor & Industry, Research & Analysis Bureau N/A - Not available CITY OF MISSOULA, MONTANA DEMOGRAPHIC AND ECONOMIC STATISTICS Last Ten Fiscal Years Population Income Statistics Page SS-19 ---PAGE BREAK--- Employer Type of Product or Service 2009 Number of Employees Percentage of Total City Employment 2000 Number of Employees Percentage of Total City Employment University of Montana Higher Education 3,651 5.27% 2291 3.97% St. Patrick Hospital Healthcare 1,600 2.31% 1250 2.17% Missoula County Public Schools Public Education 1,424 2.06% 1161 2.01% Community Medical Center Healthcare 1,200 1.73% 1045 1.81% DirectTV Customer Service Service 1,000 1.44% U.S. Forest Service Government 800 1.15% 560 0.97% Missoula County County Government 775 1.12% 600 1.04% Wal-Mart Retail 524 0.76% City of Missoula City Government 514 0.74% 384 0.67% Smurfit-Stone Container Corporation Wood Products 432 0.62% 670 1.16% Montana Rail Link Rail Transportation 254 0.37% 391 0.68% Western Montana Clinic Healthcare 252 0.36% 450 0.78% Source - Bureau of Economic Analysis and Department of Labor & Industry, Research & Analysis Bureau CITY OF MISSOULA, MONTANA TOP EMPLOYERS IN CITY OF MISSOULA Current and Ten Years Ago Page SS-20 ---PAGE BREAK--- Function/Program 2007 2008 2009 General Government City Council 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 12.00 Mayor's Office 3.65 3.65 4.00 4.00 4.00 4.00 4.00 5.00 5.00 5.00 Human Resources 3.03 3.78 3.90 3.90 3.90 3.90 4.15 4.15 4.15 4.00 Communications 1.00 1.00 1.00 1.00 1.00 1.00 1.00 - - - City Clerk 2.03 3.25 3.25 3.25 3.25 3.50 4.00 4.50 4.50 4.50 Information Systems 4.00 4.00 4.00 4.50 4.50 5.00 5.50 6.00 6.00 6.00 Finance/Treasurer 12.72 12.72 13.22 12.97 13.13 12.75 12.75 16.00 16.00 16.00 Public Safety Municipal Court 7.11 8.11 8.11 8.50 9.00 10.50 10.50 10.50 13.00 14.25 City Attorney 8.42 8.90 9.90 9.90 9.90 9.90 12.40 14.40 14.40 14.90 Police Department 98.19 102.00 102.00 102.00 108.00 116.00 119.00 125.50 125.50 125.50 Fire Department 74.02 76.00 76.00 76.00 76.00 78.00 78.00 82.00 83.00 95.00 Building Inspection 14.37 14.37 14.37 14.37 13.50 13.86 14.34 14.36 13.34 13.00 Parking Commission 11.50 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00 Public Works Engineering 25.47 25.92 25.92 25.92 27.12 28.12 28.62 28.82 29.82 29.87 Street Division 27.53 28.25 28.29 28.29 28.29 28.54 28.54 28.54 28.54 28.54 Vehicle Maintenance 8.50 9.00 10.50 10.50 10.50 10.50 11.00 11.00 11.00 11.00 Public Health Wastewater 20.20 20.20 20.20 20.20 20.20 22.20 22.20 22.20 22.20 22.20 Social Services City Cemetery 9.26 8.93 8.93 8.50 8.50 8.50 8.50 8.50 8.92 8.92 Community Development MRA 7.14 7.14 6.14 6.14 6.14 6.14 6.00 6.00 6.00 6.00 Culture and Recreation Parks and Recreation 48.15 48.72 47.89 48.80 49.94 52.94 54.02 55.70 54.24 56.27 Aquatics 4.75 26.36 30.81 30.81 Total 398.29 408.94 410.62 411.74 419.87 438.35 452.27 492.53 499.42 514.76 Source: City of Missoula 2003 2004 2005 2000 2001 CITY OF MISSOULA, MONTANA Full Time Equivalent Employees FULL TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM Last Ten Fiscal Years 2006 2002 Page SS-21 ---PAGE BREAK--- Bargaining Unit Number of Members Date of Expired Contract International Association of Firefighters, Local No. 271 91 June 30, 2012 Missoula Police Protective Association 95 June 30, 2012 Montana Public Employees Association Maintenance Technicians in Parks and Recreation Dept 9 June 30, 2011 Wastewater Lab Techs 2 June 30, 2012 Parking Commission 6 June 30, 2009 Teamsters Union, Local No. 2 16 June 30, 2012 Operators' Union, Local No. 4000 9 June 30, 2012 Machinists Union, Local No. 88, District No. 86 8 June 30, 2012 Teamsters, Parks and Recreation Seasonal 19 June 30, 2011 Wastewater Operator's Union, Local 400 15 June 30, 2012 Source: City of Missoula CITY OF MISSOULA, MONTANA CITY SERVICES AND EMPLOYMENT Note: Basic Services provided through City government include Police and Fire protection, Municipal Sewer and Sanitation, street Maintenance and Construction, Building Inspection, Zoning Enforcement, Public Works, and Parks and Recreation. As of June 30, 2008, the City employed approximately 639 workers, including Seasonal and Intermittent. Of the total City workforce, approximately 40% were members of organized bargaining units. State law requires Montana Cities to bargain collectively with formally recognized bargaining units. The City considers relations with its bargaining groups to be satisfactory. Page SS-22 ---PAGE BREAK--- 2008(A) 2007 2006 2005 2004 2003 2002 2001 2000 1999 Agriculture, Forestry, Fisheries 394 404 399 392 1,490 1,485 1,656 1,451 299 244 Mining 36 36 28 21 96 82 64 31 48 Construction 3,430 3,265 3,187 3,161 4,820 4,695 4,343 4,373 2,485 2,340 Manufacturing 2,435 2,579 2,700 2,784 3,168 3,144 3,182 3,118 3,347 3,331 Transportation, Commun, and Public Utilities 2,805 2,929 3,026 3,066 4,189 4,341 4,499 4,561 2,734 2,830 Wholesale Trade 2,003 2,108 2,056 1,989 2,385 2,381 2,334 2,347 2,243 2,180 Retail Trade 8,368 8,517 8,225 8,114 10,120 9,707 9,513 9,371 11,250 11,028 Financial, Insurance and Real Estate 2,586 2,627 2,595 2,484 5,363 5,287 5,031 4,920 2,241 2,194 Services 24,942 24,733 23,299 22,530 31,225 30,392 29,886 28,999 15,538 14,693 Government 8,461 8,303 8,639 8,167 10,254 10,352 9,714 9,741 8,717 8,117 55,460 55,501 54,154 52,708 73,110 71,866 70,158 68,945 48,885 47,005 Source: Missoula Area Economic Development Corp (1999 to 2000) Montana Department of Labor and Industry (2001 to 2008) Most recent data available through the 4th quarter 2008. Not shown to avoid disclosure of confidential information, but estimates are included in the totals CITY OF MISSOULA, MONTANA EMPLOYMENT BY MAJOR INDUSTRY TYPE ANNUAL AVERAGE Last Ten Fiscal Years Page SS-23 ---PAGE BREAK--- Function/Program 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 General Government Business Licenses Issued 5,892 7,782 7,791 7,823 7,907 4,484 5,173 5,290 6,386 5,141 Amount of SID's Billed 1,298,209 $ 1,676,420 $ 1,865,265 $ 1,947,490 $ 2,275,546 $ 2,241,307 $ 2,748,200 $ 2,793,604 $ 2,802,979 $ 2,781,168 $ # Sewer Bills 30,094 30,094 32,642 35,124 35,448 36,641 38,728 41,002 41,818 42,323 Public Safety Activities Citations issued No data No data No data 21,809 25,136 31,008 33,262 38,468 32,219 31,700 Orders of Protection issued No data No data 447 523 298 586 604 417 400 385 Attorney's Office - Lawsuits & Claims No data No data 21 41 51 53 51 47 49 41 Attorney - Opened criminal files No data No data 1,605 1,890 2,476 2,179 4,235 3,181 2,708 2,372 Officers/1,000 population 1.39 1.39 1 1.38 1.39 1 2 2 1.48 1.48 Total sworn officers 80 82 82 85 88 96 100 102 101 101 Police calls for Service 34,868 34,328 36,256 36,221 37,398 37,494 43,778 40,515 40,981 42,141 Total Fire Department Incident Responses* 4,244 4,266 4,451 4,729 4,701 5,259 5,497 5,805 5,850 6,485 Public Works Miles of sidewalk installed 11.30 5.70 8.53 11.03 17.45 24.74 9.34 9.19 7.00 4.00 Building Permits Issued 1,895 1,694 1,930 2,180 1,663 1,677 1,494 1,613 1,530 1,291 Construction Value of Bldg permits issued 120,150,936 135,701,353 102,287,782 193,963,792 109,963,100 113,217,490 99,855,627 89,139,379 133,165,009 63,987,567 Miles of Street - per State Gas Tax Report 326.76 327.61 327.61 344.42 349.24 358.57 358.87 337.98 312 383 Population 57,725 58,939 60,306 61,774 63,123 64,389 65,885 57,141 68,202 69,279 Source: City of Missoula * Fire Department Incident Responses are based on Calendar Years. Current Year number through 12/18/08. CITY OF MISSOULA, MONTANA OPERATING INDICATORS BY FUNCTION/PROGRAM Last Ten Fiscal Years Page SS-24 ---PAGE BREAK--- 2009 2008 2007 GENERAL GOVERNMENT Vehicles 4 7 5 Buildings 3 3 2 PUBLIC SAFETY ACTIVITIES Fire Stations 5 5 5 Fire Engines/Trucks/Vehicles/Vans 26 26 27 Police 6 6 6 Police Patrol Cars/Passenger Vehicles/Other Vehicles 62 58 47 PUBLIC WORKS Streets (sq. yards) 6,837,927 6,826,850 6,761,248 Curbs (lineal feet) 1,957,574 1,997,728 1,957,574 Sidewalks (sq. feet) 10,232,017 10,015,638 9,830,923 Storm Sewer (lineal feet) 157,826 153,275 153,275 Sumps 5,307 5,307 5,160 Signs 56,635 53,768 54,901 Vehicles 161 107 98 Buildings 4 4 7 PUBLIC HEALTH ACTIVITIES Cemetery & Buildings 7 7 7 CITY OF MISSOULA, MONTANA CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM Last Three Fiscal Years Function Fiscal Year Cemetery & Buildings 7 7 7 Vehicles/Tractors/Trucks/Mowers 14 16 17 CULTURE AND RECREATION Parks 67 51 46 Trails 22 20 18.2 Park Shelter/Band Shells/Pavillions 10 10 10 Buildings 23 23 20 Vehicles 58 55 57 HOUSING & COMMUNITY DEVELOPMENT Vehicles 1 10 10 Buildings 0 2 2 Capital Asset Statistics by Function information prior to 2006 is not readily available in this format. Source: City of Missoula Fixed Asset Accounting Module Source: City of Missoula Parks Dept. Website Source: Various City of Missoula Departments Page SS-25 ---PAGE BREAK--- Current Delinquent Total Penalty and Fiscal Assessments Assessments Percent Assessments Assessments Interest Year Billed Paid Collected Paid Paid Paid 2000 1,298,209 $ 1,200,303 $ 92.46% 96,792 $ 1,297,095 $ 11,402 2001 1,676,420 1,589,981 94.84% 102,967 1,692,948 10,190 2002 1,865,265 1,726,973 92.59% 84,933 1,811,906 10,758 2003 1,947,490 2,424,156 124.48% 75,325 2,499,481 17,909 2004 2,275,546 2,105,570 92.53% 306,209 2,411,779 9,728 2005 2,241,307 2,132,336 95.14% 119,277 2,251,613 16,761 2006 2,748,200 2,638,272 96.00% 149,327 2,787,599 10,807 2007 2,793,604 2,695,269 96.48% 106,930 2,802,199 11,629 2008 2,802,979 2,690,299 95.98% 107,817 2,798,116 11,653 2009 2,870,277 2,666,875 92.91% 168,518 2,835,392 8,568 Source: City of Missoula Note: Property tax levies are set in August at the time the City budget is approved and billed November 1 by the County. Half of the taxes are due by November 30 and the other half by May 31. After those dates, the bills are delinquent (and a lien is placed on the property). The interest charged on delinquent taxes is one percent per month, with a two percent penalty. CITY OF MISSOULA, MONTANA SPECIAL ASSESSMENTS BILLED AND COLLECTED Last Ten Fiscal Years Page SS-26 ---PAGE BREAK--- Average Ratio Highest Ratio Lowest Ratio Median Ratio Combined of Market Value of Market Value of Market Value of Market Value Fiscal Market Value to Assessments of to Assessments of to Assessments of to Assessments of Year of All Districts Individual Parcels Individual Parcels Individual Parcels Individual Parcels 2000 116,582,168 $ 77.00 1,304.70 6.40 72.10 2001 135,469,759 180.80 1,529.10 6.90 57.10 2002 146,667,428 196.60 1,586.20 6.20 52.10 2003 136,898,208 127.17 2,887.04 9.01 39.80 2004 158,065,283 89.06 1,154.30 6.30 79.15 2005 166,871,500 95.60 2,692.30 2.07 117.52 2006 158,701,080 757.82 10,797.00 5.82 221.17 2007 191,613,295 1,219.98 13,841.43 6.35 221.37 2008 211,405,977 317.09 4,977.27 5.04 141.94 2009 234,349,048 346.51 4,917.51 4.96 160.49 Source: City of Missoula and Missoula County Assessor's Office CITY OF MISSOULA, MONTANA SPECIAL IMPROVEMENT DISTRICT 512, 521 AND 522 REQUIRED CONTINUING DISCLOSURE Page SS-27 ---PAGE BREAK--- Parking Average On-Street Garage Garage Off-Street Off-Street Fiscal Hourly Hourly Lease Space Lease Space and Garage Year Parking Parking Range Range Lease Rate 2000 0.20 0.25 $45.00 TO $50.00 $ 20.00 TO $50.00 35.00 2001 0.50 0.25 $50.00 TO $55.00 $ 25.00 TO $ 50.00 38.00 2002 0.50 0.25 $55.00 TO $65.00 $ 25.00 TO $ 50.00 38.00 2003 0.50 0.25 $55.00 TO $65.00 $ 35.00 TO $ 50.00 44.00 2004 0.50 0.25 $55.00 TO $65.00 $ 30.00 TO $ 50.00 44.00 2005 0.50 0.25 $55.00 TO $65.00 $ 30.00 TO $ 50.00 44.00 2006 0.50 0.25 $55.00 TO $65.00 $ 30.00 TO $ 50.00 44.00 2007 0.50 0.25 $55.00 TO $65.00 $30.00 TO $50.00 45.00 2008 0.50 0.25 $55.00 TO $65.00 $30.00 TO $50.00 45.00 2009 0.50 0.25 $55.00 TO $65.00 $30.00 TO $50.00 45.00 Source: Missoula Parking Commission CITY OF MISSOULA, MONTANA MISSOULA PARKING COMMISSION RATES AND FEES Last Ten Fiscal Years Page SS-28 ---PAGE BREAK--- Percentage of Parking Lots Leased University Percentage Percentage Percentage Leased Parking Leased Throughout Parking District of Parking of Parking of Garage Revenue other Percentage Fiscal Parking Parking Downtown Garage Parking Ticket Meter Parking than Parking of Other Year Meters Spaces Missoula Spaces Permits Revenue Revenue Revenue Garage Revenue 2000 1,061 1,275 14 167 1,000 24% 29% 16% 27% 4% 2001 1,112 1,256 14 167 1,158 27% 27% 16% 27% 3% 2002 1,116 1,295 16 168 1,148 27% 27% 16% 27% 3% 2003 1,122 1,107 14 172 1,381 27% 33% 16% 27% 3% 2004 1,064 829 13 259 1,097 20% 32% 18% 24% 6% 2005 1,161 816 13 257 1,145 17% 36% 20% 23% 3% 2006 1,075 801 13 257 1,124 20% 34% 14% 28% 5% 2007 1,075 801 13 257 1,124 20% 34% 14% 27% 4% 2008 1,075 801 13 257 1,592 18% 31% 16% 21% 14% 2009 1,129 800 12 257 1,011 19% 35% 16% 21% 10% Source: Missoula Parking Commission CITY OF MISSOULA, MONTANA MISSOULA PARKING COMMISSION OPERATIONS AND FACILITIES Last Ten Fiscal Years Page SS-29 ---PAGE BREAK--- NET OPERATING AVAILABLE TOTAL FISCAL OPERATING SID 470 EXPENSES FOR DEBT PRINCIPAL INTEREST DEBT COVERAGE YEAR REVENUES REVENUES SERVICE PAID PAID SERVICE 1996 733,011 $ 97,706 $ 536,052 $ 294,665 $ 115,000 $ 43,950 $ 158,950 $ 1.85 1997 718,140 91,638 576,418 233,360 120,000 38,512 158,512 1.47 1998 769,969 86,322 600,557 255,734 130,000 32,413 162,413 1.57 1999 821,000 62,776 595,263 288,513 135,000 39,000 174,000 1.66 2000 998,245 63,164 596,400 465,009 140,000 30,982 170,982 2.72 2001 1,116,247 91,465 651,889 555,823 250,000 54,366 304,366 1.83 2002 1,284,171 67,849 686,730 665,290 80,000 82,405 162,405 4.10 2003 1,351,253 58,982 916,166 494,069 85,000 78,754 163,754 3.02 2004 1,407,378 2,838 964,510 445,706 85,000 74,950 159,950 2.79 2005 1,369,511 1,450 864,335 506,626 90,000 70,990 160,990 3.15 2006 1,474,651 - 921,281 553,370 95,000 66,230 161,230 3.43 2007 1,391,368 - 867,403 523,965 100,000 63,237 163,237 3.21 2008 1,595,982 - 961,782 634,200 105,000 58,345 163,345 3.88 2009 1,600,513 - 956,477 644,036 110,000 53,162 163,162 3.95 Does not include depreciation or bond interest. Net available divided by debt service. Source: City of Missoula Annual Reports CITY OF MISSOULA, MONTANA COMPONENT UNIT REVENUE BOND COVERAGE PARKING COMMISSION REVENUE BONDS Page SS-30 ---PAGE BREAK--- Real Property & Personal Property Fiscal Personal Attached (Unattached) Total Year Taxable Value Taxable Value Taxable Value 2000 1,987,052 $ 203,295 $ 2,190,347 $ 2001 1,950,339 78,955 2,029,294 2002 2,077,215 100,216 2,177,431 2003 2,197,855 93,163 2,291,018 2004 2,243,639 128,090 2,371,729 2005 2,377,104 190,777 2,567,881 2006 2,444,439 197,268 2,641,707 2007 2,660,473 311,261 2,971,734 2008 2,718,817 342,487 3,061,304 2009 3,162,083 358,422 3,520,505 Real Property & Personal Property Fiscal Personal Attached (Unattached) Total Year Taxable Value Taxable Value Taxable Value 2002 * 6,701,861 $ 437,851 $ 7,139,712 $ 2003 6,665,087 466,103 7,131,190 2004 6,739,549 469,329 7,208,878 2005 6,809,431 621,899 7,431,330 2006 6,991,926 677,495 7,669,421 2007 7,111,962 586,632 7,698,594 2008 7,306,424 406,379 7,712,803 2009 8,468,861 468,589 8,937,450 Real Property & Personal Property Fiscal Personal Attached (Unattached) Total Year Taxable Value Taxable Value Taxable Value 2009 1,362,450 $ 51,225 $ 1,413,675 $ * First year data available as district was created in FY 2001. First year data available as district was created in FY 2009 Source: City of Missoula and Missoula County Assessor's Office Front Street URD Urban Renewal District II Urban Renewal District III CITY OF MISSOULA, MONTANA COMPONENT UNIT MISSOULA REDEVELOPMENT AGENCY HISTORICAL VALUE OF TAX INCREMENT DISTRICTS For the Last Ten Fiscal Years Page SS-31 ---PAGE BREAK--- Tax Total Taxable Incremental Increment Value Within Taxable Value as Percentage Fiscal Total City Tax Increment Within Tax of City's Year Taxable Value District Increment District Taxable Value 2000 80,761,493 $ 2,190,347 $ 330,524 $ 0.4% 2001 78,662,970 2,029,294 169,471 0.2% 2002 81,279,789 2,177,431 318,674 0.4% 2003 84,728,489 2,291,018 440,310 0.5% 2004 88,189,948 2,371,729 511,906 0.6% 2005 91,358,406 2,567,881 708,058 0.8% 2006 93,533,579 2,641,707 781,884 0.8% 2007 99,332,558 2,971,734 1,111,911 1.1% 2008 103,000,436 3,061,304 1,201,481 1.2% 2009 106,334,891 3,520,504 1,392,741 1.3% Tax Total Taxable Incremental Increment Value Within Taxable Value as Percentage Fiscal Total City Tax Increment Within Tax of City's Year Taxable Value District Increment District Taxable Value 2002 * 81,279,789 $ 7,139,712 $ 137,634 $ 0.2% 2003 84,728,489 7,131,190 140,662 0.2% 2004 88,189,948 7,208,878 204,532 0.2% 2005 91,358,406 7,431,330 426,984 0.5% 2006 93,533,579 7,669,421 665,075 0.7% 2007 99,332,558 7,698,594 694,248 0.7% 2008 103,000,436 7,712,803 708,457 0.7% 2009 106,334,891 8,937,450 1,933,104 1.8% Tax Total Taxable Incremental Increment Value Within Taxable Value as Percentage Fiscal Total City Tax Increment Within Tax of City's Year Taxable Value District Increment District Taxable Value 2009** 106,334,891 $ 1,413,675 $ 640 $ 0.0% * First year data available as district was created in FY 2001. First year data availabe as district was created in FY 2009 Source: City of Missoula and Missoula County Assessor's Office Front Street URD Urban Renewal District III Urban Renewal District II For the Last Ten Fiscal Years CITY OF MISSOULA, MONTANA COMPONENT UNIT MISSOULA REDEVELOPMENT AGENCY TAXABLE VALUE OF DISTRICTS COMPARED TO CITY Page SS-32 ---PAGE BREAK--- City Net CITY OF MISSOULA, MONTANA COMPONENT UNIT MISSOULA REDEVELOPMENT AGENCY TRENDS IN PROPERTY VALUATION IN CITY For the Last Ten Fiscal Years City Net City Taxable Incremental Incremental Incremental Taxable Value Fiscal Appraised Value Taxable Value Taxable Value Taxable Value (excluding Year Value (includes district) of District I of District II of District III district) 2000 1,985,298,106 $ 80,761,493 $ 3,133,084 $ 330,524 $ - $ 77,297,885 $ 2001 2,111,624,637 78,662,970 1,794,540 169,471 - 76,698,959 2002 2 247 822 357 81 279 789 1 861 575 318 674 137 634 78 [PHONE REDACTED] 2,247,822,357 81,279,789 1,861,575 318,674 137,634 78,961,906 2003 2,403,250,454 84,728,489 2,071,413 440,310 140,662 82,076,104 2004 2,636,857,585 88,189,948 2,887,057 511,906 204,532 84,586,453 2005 2,805,424,077 91,358,406 2,709,824 708,058 426,984 87,513,540 2006 2,901,638,641 94,980,538 not applicable 781,884 665,075 93,533,579 2007 3,195,587,513 101,138,717 not applicable 1,111,911 694,248 99,332,558 2008 3 369 424 008 103 000 436 not applicable 1 201 481 708 457 101 [PHONE REDACTED] 3,369,424,008 103,000,436 not applicable 1,201,481 708,457 101,090,498 2009 3,412,313,560 106,334,891 not applicable 1,392,741 1,933,104 103,008,406 Source: City of Missoula and Missoula County Assessor's Office Page SS-33 ---PAGE BREAK--- ---PAGE BREAK--- SINGLE AUDIT SINGLE AUDIT SECTION SECTION ---PAGE BREAK--- ---PAGE BREAK--- 1821 SOUTH AVENUE WEST • FIFTH FLOOR • P.O. BOX 2368 • MISSOULA, MONTANA 59806-2368 TEL: [PHONE REDACTED] • FAX: [PHONE REDACTED] • WEB: www.azworld.com ANDERSON ZURMUEHLEN & CO., P.C. • CERTIFIED PUBLIC ACCOUNTANTS & BUSINESS ADVISORS MEMBER: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS • MSI GLOBAL ALLIANCE INDEPENDENT MEMBER FIRM INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Mayor and City Council City of Missoula Missoula, Montana We have audited the financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of City of Missoula, Montana, as of and for the year ended June 30, 2009, which collectively comprise the City’s basic financial statements and have issued our report thereon dated December 22, 2009. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Internal Control Over Financial Reporting In planning and performing our audit, we considered the City’s internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control over financial reporting. A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the entity’s ability to initiate, authorize, record, process, or report financial data reliably in accordance with generally accepted accounting principles such that there is a more than a remote likelihood that a misstatement of the entity’s financial statements that is more than inconsequential will not be prevented or detected by the entity’s internal control. We consider the deficiencies identified in the accompanying schedule of findings and questioned costs as findings 2009-1 and 2009-2 to be significant deficiencies. Page SA-1 ---PAGE BREAK--- A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected by the entity’s internal control. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and would not necessarily identify all deficiencies in internal control that might be significant deficiencies or material weaknesses. However, we consider the significant deficiencies described as findings 2009-1 and 2009-2 above to be material weaknesses. The City’s responses to the findings identified in our audit are described in the accompanying schedule of findings and questioned costs. We did not audit the City’s responses and, accordingly, we express no opinion on them. Compliance and Other Matters As part of obtaining reasonable assurance about whether the City’s financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. This report is intended solely for the information and use of the Mayor and City Council, management, the Montana Department of Administration, and federal awarding agencies and pass-through entities, and is not intended to be and should not be used by anyone other than these specified parties. Missoula, Montana December 22, 2009 Page SA-2 ---PAGE BREAK--- 1821 SOUTH AVENUE WEST • FIFTH FLOOR • P.O. BOX 2368 • MISSOULA, MONTANA 59806-2368 TEL: [PHONE REDACTED] • FAX: [PHONE REDACTED] • WEB: www.azworld.com ANDERSON ZURMUEHLEN & CO., P.C. • CERTIFIED PUBLIC ACCOUNTANTS & BUSINESS ADVISORS MEMBER: AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS • MSI GLOBAL ALLIANCE INDEPENDENT MEMBER FIRM REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 Mayor and City Council City of Missoula Missoula, Montana Compliance We have audited the compliance of City of Missoula, Montana, with the types of compliance requirements described in the U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement, and the requirements described in the compliance supplement for Montana local governmental entities, that are applicable to each of its major federal programs for the year ended June 30, 2009. The City’s major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs. Compliance with the requirements of laws, regulations, contracts, and grants applicable to each of its major federal programs is the responsibility of the City’s management. Our responsibility is to express an opinion of the City’s compliance based on our audit. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local Governments and Non- Profit Organizations. Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the City’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination on the City’s compliance with those requirements. In our opinion, the City complied, in all material respects, with the requirements referred to above that are applicable to each of its major federal programs for the year ended June 30, 2009. Page SA-3 ---PAGE BREAK--- Internal Control Over Compliance The management of the City of Missoula, Montana, is responsible for establishing and maintaining effective internal control over compliance with requirements of laws, regulations, contracts, and grants applicable to federal programs. In planning and performing our audit, we considered the City’s internal control over compliance with requirements that could have a direct and material effect on a major federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control over compliance. A control deficiency in an entity’s internal control over compliance exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect noncompliance with a type of compliance requirement of a federal program on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the entity’s ability to administer a federal program such that there is more than a remote likelihood that noncompliance with a type of compliance requirement of a federal program that is more than inconsequential will not be prevented or detected by the entity’s internal control. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that material noncompliance with a type of compliance requirement of a federal program will not be prevented or detected by the entity’s internal control. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and would not necessarily identify all deficiencies in internal control that might be significant deficiencies or material weaknesses. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. This report is intended for the information of the Mayor and City Council, management, others within the organization, the Montana Department of Administration, and federal awarding agencies and pass-through entities, and is not intended to be and should not be used by anyone other than these specified parties. Missoula, Montana December 22, 2009 Page SA-4 ---PAGE BREAK--- Federal Pass-Through Program or Beginning Ending Federal Grantor/Pass-Through CFDA Grantor's Award Balance Federal Match/Other Federal Match/Other Balance Grantor/Program Title Number Number Amount July 1, 2008 Revenue Revenue Expenditures Expenditures June 30, 2009 Office of National Drug Control Policy Direct: High Intensity Drug Trafficking Area 2007 07.Unknown I7PRMP604Z 163,220 - 74,208 - 74,208 - - High Intensity Drug Trafficking Area 2008 07.Unknown I8PRMP604Z 152,249 - 91,607 - 91,607 - - High Intensity Drug Trafficking Area 2009 07.Unknown G09RM0037A 100,121 - 32,778 - 32,778 - - Total Office of National Drug Control Policy 415,590 - 198,593 - 198,593 - - U.S. Department of Housing and Urban Development Direct: Community Development Block Grant 14.218 B-08/09-MC-30-0003 1,255,500 - 443,498 - 443,498 - - Home Investment Partnership Program 14.239 M-07/08/09-MC-30-0219 1,708,106 - 726,047 - 726,047 - - Total U.S. Department of Housing and Urban Development 2,963,606 - 1,169,545 - 1,169,545 - - U.S. Department of the Interior Passed through the Montana Historical Society: Historic Preservation Fund Grant 15.904 07-022 5,500 - 5,500 - 5,500 - - U.S. Department of Justice Direct: Bulletproof Vest Partnership Grant 16.[PHONE REDACTED] 9,737 - 2,187 - 2,187 - - JAG Grant 2005 16.738 2005DJBX0563 75,879 - 12,596 - 12,596 - - JAG Grant 2008 16.738 2008DJBX0632 13,741 - 13,741 - 13,741 - - Internet Crimes Against Children 16.541 2008-DD-BX-K082 552,260 - 13,840 - 13,840 - - Firearms Training Simulator 16.580 2008-DD-BX-0491 71,548 - 71,547 8,862 71,547 8,862 - Passed through State of Montana Board of Crime Control: Underage Drinking Enforcement 16.727 06-U01-90080 42,327 - 8,365 - 8,365 - - Total U.S. Department of Justice 765,492 - 122,276 8,862 122,276 8,862 - U.S. Department of Transportation Passed through the Montana Department of Transportation: Congestion Mitigation and Air Quality 20.205 CM 8199(83) 27,767 - 27,767 39,780 27,767 39,780 - Congestion Mitigation and Air Quality 20.205 CM 8117(3) CN 4498 267,609 - 91,612 13,848 91,612 13,848 - Surface Transportation Planning Urban Funds 20.205 STPU 8105(8) CN 4128 768,574 - 237,539 - 237,539 - - Safe Routes to School (Non-infrastructure) 20.205 104040 31,300 - 28,752 - 28,752 - - State and Community Highway Safety 20.600 2008-13-13-25/2008-09-08-25 25,000 - 8,588 - 8,588 - - State and Community Highway Safety 20.600 2009-11-04-19/2009-17-04-19 39,700 - 21,188 - 21,188 - - Alcohol Traffic Safety and Drunk Driving Prevention Incentive Grant 20.601 2008-02-18-01 5,964 - 1,168 - 1,168 - - Alcohol Traffic Safety and Drunk Driving Prevention Incentive Grant 20.601 2009-14-09-05/2009-19-06-09 29,500 - 19,310 - 19,310 - - Total U.S. Department of Transportation 1,195,414 - 435,924 53,628 435,924 53,628 - Environmental Protection Agency Direct: Brownfields Assessment and Cleanup-RLF 66.818 BF 98102-01 1,000,000 - 17,087 - 17,087 - - Brownfields Assessment and Cleanup 66.818 BF 978119-01 182,483 - 6,711 - 6,711 - - Total Environmental Protection Agency 1,182,483 - 23,798 - 23,798 - - U.S. Department of Homeland Security Direct: SAFER 97.044 EMW-2007-FF-01110 843,400 - 290,741 97,901 290,741 97,901 - Assistance to Firefighters Grant 97.044 EMW-2007-FO-11018 46,339 - 46,330 24,838 46,330 24,838 - Total U.S. Department of Homeland Security 889,739 - 337,071 122,739 337,071 122,739 - Total Federal Financial Assistance $ 7,417,824 $ - $ 2,292,707 $ 185,229 $ 2,292,707 $ 185,229 $ - City of Missoula, Missoula County, Montana Schedule of Expenditures of Federal Awards For Fiscal Year Ended June 30, 2009 Page SA-5 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS Fiscal Year Ended June 30, 2009 BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of City of Missoula, Montana, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements. Page SA-6 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA SCHEDULE OF FINDINGS AND QUESTIONED COSTS Fiscal Year Ended June 30, 2009 Section I – Summary of Auditors’ Results Financial Statements Type of auditor’s report issued Unqualified Internal control over financial reporting: Material weaknesses identified? Yes Significant deficiencies identified not considered to be material weaknesses None reported Noncompliance material to financial statements noted? No Federal Awards Internal control over major programs: Material weaknesses identified? No Significant deficiencies identified not considered to be material weaknesses None reported Type of auditor’s report issued on compliance for major programs: Unqualified Any audit findings disclosed that are required to be reported in accordance with Circular A-133, Section .510(a)? No Identification of major programs: CFDA Number Name of Federal Program or Cluster 20.205 Highway Planning & Construction 97.044 SAFER & Firefighter’s Assistance Dollar threshold used to distinguish between Type A and Type B programs: $ 300,000 Auditee qualified as low-risk auditee? Yes Page SA-7 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) Fiscal Year Ended June 30, 2009 Section II – Financial Statement Findings Finding 2009-1 Property Taxes, Special Assessments and Deferred Revenue Condition – During our testing of taxes receivable, special assessments receivable, deferred assessments receivable, and deferred revenue, we noted that the general ledger detail did not agree to supporting documentation. These audit differences resulted in material adjustments being recorded in the government wide and certain individual fund financial statements. Criteria – When material audit adjustments are recorded, it indicates a material weakness in internal control over financial reporting due to the quantitative impact on the fund and government-wide financial statements. Effect – Material audit adjustments were noted in the other debt service fund, general fund and government-wide financial statements Cause – We understood that certain audit areas were complete and we began auditing those areas, specifically taxes and assessments receivable and deferred revenue. In later discussions with City Finance staff it was brought to our attention that certain audit areas had not in fact been finalized and were not ready to be audited. During the time between when we began audit procedures and when we were notified that certain areas were not complete, we noted that the general ledger detail did not agree to the supporting documentation. These discrepancies were brought to the attention of the Finance Department and were immediately corrected. We appreciate the effort that was made to correct these differences; unfortunately, current auditing standards require that when it is represented to the auditor that audit areas are ready to be tested, any material audit differences identified after that point must be assessed to determine whether there is an internal control deficiency. Due to the fact that the adjustments were material, they resulted in a material weakness finding. Recommendation – We believe that had the City personnel not indicated that taxes and assessments were ready for audit, they likely would have found the errors. As a result, we believe this error is not likely to occur in the future if sufficient time is spent reconciling the accounts before presenting it to the auditors for their testing. Client response and Corrective actions – The finance office was understaffed as the audit began, with the result that communication was compromised between finance staff members right at the start of the audit due to heavier than normal staff responsibilities. We are hopeful that our office will be fully staffed at the onset of next year's audit, which should allow more time for clearer communication between staff members working to get the financial statements ready to be audited. Page SA-8 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED) Fiscal Year Ended June 30, 2009 Finding 2009-2 Capital Assets Condition – During our testing of capital assets we noted that there was an error in the supporting schedule for infrastructure. The correction in this spreadsheet resulted in the recording of a material audit adjustment to capital assets. Criteria – When material audit adjustments are recorded, it indicates a material weakness in internal control over financial reporting due to the quantitative impact on the government-wide financial statements. Effect – Material audit adjustments were noted in the government-wide financial statements. Cause – The capital assets supporting schedule had been updated by the Finance Director prior to the preparation of the comprehensive annual financial report (CAFR). The City of Missoula’s Information Technology Department had corrected a network problem that same time by performing a restore function on the network, and this process eliminated certain changes that had been made to the capital assets supporting schedule. The schedule was provided to the auditors without City staff realizing that the file did not include the most recent changes. Correcting the formula on the spreadsheet resulted in a material audit adjustment, including an adjustment to the prior year. Unfortunately, the capital assets information was presented to the auditors as ready for testing without the error being detected. Due to the fact that the adjustment was considered to be material, it resulted in a material weakness. Recommendation – The error in the infrastructure schedule appears to have occurred because the capital asset information was not given a final review before being presented to us for testing. In the future, efforts should be made to give all information a thorough review before presenting it to us for audit testing. Client response and Corrective actions – This situation is not likely to be repeated in the future, as the network problem requiring a restore function on the network has rarely occurred at the city. City finance office staff will definitely exercise heightened awareness should any network problems occur during future audit time frames. Page SA-9 ---PAGE BREAK--- CITY OF MISSOULA, MONTANA Section III – Federal Award Findings and Questioned Costs The audit reported no findings which constitute:  Significant deficiencies in internal control over major programs.  Material noncompliance with laws, regulations, contracts or grant agreements related to a major program.  Known questioned costs in excess of $10,000 for any major program.  Known questioned costs in excess of $10,000 for any program which was not audited as a major program.  Circumstances which would cause the auditor’s report on major program compliance to be other than unqualified.  Known fraud affecting any federal award.  Circumstances which disclose that the auditor’s summary schedule of prior audit findings materially misrepresents the status of any prior audit finding. Summary Schedule of Prior Audit Findings The audit report for the year ended June 30, 2008, contained no audit findings. Page SA-10