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Resolution 19-39

THE CITY OF MONTICELLO, IOWA

RESOLUTION #19-39  

Authorizing the City Clerk to make the Appropriate Transfers of Sums and Record the Same in the Appropriate Manner for FY 2020 for the City of Monticello

IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA

NOW THEREFORE BE IT RESOLVED by the City Council of the City of Monticello, Iowa as follows:

SECTION 1:  Authorize the City Clerk to Transfer Funds.  That the City Clerk be and is hereby authorized by the City Council to make the appropriate transfer of sums and record the same in the appropriate manner for FY 2020.

SECTION 2:  Transfer of Funds. The City Clerk will transfer the following sums and to record the same in the appropriate manner:

  1. Transfer from the General Fund to the Monticello Berndes Center – $170,000.00 to support operation of the Berndes Center.
  2. Transfer from the General Fund to the Insurance Fund – $20,000.00 to pay for self-funded insurance payments.
  3. Transfer from the General Fund to the Fire Department – $66,364.00 to support the operation of the Fire Department
  4. Transfer from the General Fund to the Ambulance Fund – $225,000.00 to support the operation of the Ambulance Department.
  5. Transfer from the General Fund to the Library Fund – $122,500.00 to support the operation of the Library Department.
  6. Transfer from the General Fund to General Equipment Set-Aside – $10,000.00 to purchase future police squad car and equipment
  7. Transfer from the General Fund to Super MAC fund – $25,000.00 to support the operation of the Super MAC Department
  8. Transfer from the General Fund to Baty Disc Golf – $10,000.00 to support the operation and maintenance of the disc golf course
  9. Transfer from Fire Department to C.P. Fire Department – $45,000.00 to purchase future Fire Trucks
  10. Transfer from the Ambulance Fund to General Equipment Set-Aside – $10,000.00 to purchase future Ambulance and equipment
  11. Transfer from Hotel/Motel Fund to Park Improvement – $10,000.00 to for trail improvements
  12. Transfer from the Library Fund to the Library Capital Improvement fund – $3,000.00 to pay for various Library Building Improvements
  13. Transfer Airport Fund to C.P. – Airport Funds – $3,000.00 for Airport AIP Grant match for Master Plan
  14. Transfer TIF Collections to TIF Debt – $289,615.00 to pay for FY 2020 principal,  interest and registration fee payments
  15. Transfer Water Operating to Debt Service – $105,505.00 to pay for 2020 principal, interest and registration fee payments
  16. Transfer Sewer Operating to Debt Service – $97,321.00 to pay for 2020 principal, interest and registration fee payments
  17. Transfer Storm Water Fund to Debt Service – $11,213.00 to pay for 2020 principal, interest and registration fee payments

NOW THEREFORE BE IT RESOLVED by the City of Monticello, through its’ City Council, in session this 4th day of March 2019, that the City Council does hereby approve to make the appropriate transfer of sums listed above for FY 2020.

IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed.  Done this 18th day of March 2019.

Brian Wolken, Mayor

Attest:

Sally Hinrichsen, City Clerk