TO: Trustees and Board Members of Fire Districts FROM: Gallatin County Finance Office RE: FY 2019 Budget - Maximum Mill Levy Date: August 15, 2018 ‘Attached isthe spreadsheet showing our caloulations for the Maximum Mill Levy allowed by State Statute MCA 15-10-420, Please review all information prior fo sending your written response to the County Finance Office. The following calculations are based on the Maximum Mill Levy and the budget you requested. Special District Name: Maximum Mills Mill Value REVENUE: ‘Maximum Taxes to be Levied Other County - Taxes to be Levied 7 Bond/Debt Levy Non-Tax Cash TOTAL BUDGET PROPOSED BUDGET Cash Reserved Amount Available (short) Calculations, based on current information, shows your budget may need changing increase or (decrease) based on state law. Ifthe calculations show a decrease you will have to decrease the budget. Please provide the following inviting, * Resolution indicating the boards decision to not lavy the maximum mills or to levy ‘tha maximum mall ey; * Indicato in your information where you want the budgot to be amonded - Personnel ‘Operating Expenses or Capital Qulay/ Capital Reserves; ‘All changes need to be to the Finance Office, 311 West Main, Room 304 A, by ‘Aug. 20th, 20187. The Commission will adopt the Final Budget on Tuesday, August 28th at 9:00 a.m. I you have any questions please call the Finance Office at 582-3004, or email us at justine.swanson@gallatin.mt.gov or ed.blackman@galletin.nt.gov. ‘Cash has been reduced by —> for outstanding warrants 8/15/2018 ‘Special District Mill Levy 2018 Story Mill Fire 53.48 513 27,439 ‘The PROPOSED BUDGET of $26,955, requires levying of $3.48 mili, which Is ‘the maximum allowed by state law, ‘you want to change this budget please ‘send your request in writing by August 20,2018 s01 can present the budget to the County Commisigon. 28,162,708 $309,700 FiresDetermination of Tax Revenue and Mill Levy Limitations Section 15-10-420, MCA FRE DISTRICT: Story - Gallatin County Fire Districts _ Canin COUNTYICITY/TOWN OF _Gallatin County Fire Districts cw. Se me ont cara Enter Ad valorem tx revenue ACTUALLY assessed inthe prlor yar (Fom Prior Yea’ form Lin 47) s arse} § — zra00 ‘Ad Curent yar intiation adhstment @ 02% $ ‘22 Subtract: Ad valor tex revere ACTUALLY assessed inthe prior yea for Class and 2 propery, (et and {res proceeds) (tom Prir Year form Line 20} (enter as negate) ; f Adjusted a valorem tax revenue —rz ENTERING TAXABLE VALUES. Enter "otl Taxable Value’ tom Deparment of Revenue Cried Tanabe Vahtion Infrmatonforn,506#2 [5 aisaoa| g BIB Subtract otal Incremental Vale of lax increment financing dsc (TF Districts) rom Deparment of Revenue Certifed Taxable Vehtion Information form line #6 {entra negate) s | ‘Teanbe value per mil ater adjustment for moval ot TF per mil incremental tic value) paren Subtract: Total Value of Nowy Taxable Property = from Department of Revenue Ceri Taxable Velution Information form, line # 3 (enter as negative) s s (2.04) Subtract: Taxable Value of Net and Gross Proceeds, (Cass 1 &2 properties) rom Department of Revenue Certted Table Vluaon Information fom, te 5 (enter as negative) -| $ _ Adjust Texeble value pr mit =—a7r (CURRENT YEAR calculated rail levy uae CURRENT YEAR calculated ad valorem tax revenue $ (27,440 ‘CURRENT YEAR AUTHORED LEVVIASSESSMENT. Enter total number af carry forward mills from prior year (from Prior Year's form Line 22) read a Total current year suthortzed mill, Ichdng Prior Years cary forward mils o=33) Total curen year authorized ad valorem tax revenue assessment Voted is Voted Sot Amount et Taxes Permissive Medial Levy Taxes Authorized Entr number of mils actully loviod in curont year (Number shoul equal total non-veted mile which Includes the number ‘of car forward mille, ectually imposed pe the final approved current year budget document. Oo Not Include voted or ‘erie mils impoved inthe current year) Total a valorem tax revenue actualy assessed in current year ‘RECAPITULATION OF ACTUAL: ‘Ad valorem tax reverue actualy assessed $2331 ‘Ad valorem tax revenue actually assessed for newly taxable property s 109 [Ad valorem tax revenue actually assessed for Class 1 & 2 properties (net-gross proceeds) s e ‘Total ad valorem tax revenue actually assessed In current year —z Total cary forward mis that may be levied ina subsequent year (Number shouldbe equal to or greater than ro, (wegatve} number indicates an over ley) nea hm Pr Yor + 3 “ex erete eocatewishety Tsa Property Bando Mama le : ie “axieons eed wth Net Tana Property badd nova ale * “08 dod Teme .MONTANA REvEI Form AB-72T Rev. 3-12, 2018 Certified Taxable Valuation Information (15-10-202, MCA) Gallatin County STORY MILL FIRE DISTRICT 1. 2018 Total Market Value’. $ 28,162,708 2. 2018 Total Taxable Value’. $ 513,096 3. 2018 Taxable Value of Newly Taxable Property. $ 2,042, 4, 2018 Taxable Value less incremental Taxable Value”. $ 513,096 5. 2018 Taxable Value of Net and Gross Proceeds* (Class 1 and Class 2).. 6. TIF Districts ‘Tax Increment. Current Taxable Base Taxable Incremental District Name Value” Value Value Total Incremental Value_$ Preparer Pam Moor Date 8/1/2018 ‘Market value does not include class 1 and class 2 value *Taxable value is calculated after abatements have been applied *This value is the taxable value less total incremental value of all tax increment financing districts “The taxable value of class 1 and class 2 is included in the taxable value totals For information Purposes Only 2018 taxable value of centrally assessed property having a market value of $1 million or more, which has transferred to a different ownership in compliance with 15-10-202(2), MCA. |. Value Included in "newly taxable" property $ Il, Total value exclusive of "newly taxable" property $