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Resolution 25-73

CITY OF MONTICELLO, IOWA

RESOLUTION #2025-73      

Authorizing the City Clerk to make the Appropriate Transfers of Sums and Record the Same in the Appropriate Manner for FY 2025 for the City of Monticello

WHEREAS, The Council previously approved by Resolution 2024-79, dated May 6, 2024 that the City Clerk be and is hereby authorized by the City Council to make the appropriate transfer of sums as set in FY 2025 budget and record the same in the appropriate manner.

WHEREAS, the transfers approved with Resolution 2024-79 are all not to exceed amounts, and

WHEREAS, Council amended the FY 2025 budget and adjusted the transfer of funds.

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 as approved in the FY 2025 budget amendments and record the same in the appropriate manner.

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 TIF Capital Project Fund to Road Use Fund – Not to exceed $32,740.00 to reimburse for expenses of North Chestnut Street project.
  2. Transfer from TIF Capital Project Fund to General Fund – Not to exceed $2,415.00 to reimburse for expenses of North Chestnut Street project.
  3. Transfer from TIF Capital Project Fund to Capital Improvement Fund – Not to exceed $6,405.00 to reimburse for expenses of North Chestnut Street project.
  • And –
  • Increase Transfer from General Fund to Ambulance Fund – from Not to exceed $290,000.00 to $296,126.00.
  • Increase Transfer from Airport Fund to Capital Improvement – from Not to $25,000.00 to $34,584.00 .
  • Increase Transfer from Youth/Adult Tournament Fund to Tournament Fund – from Not to exceed $27,300.00 to $39,300.00.

NOW THEREFORE BE IT RESOLVED by the City of Monticello, through its’ City Council, in session this 19th day of May  2025, that the City Council does hereby approve to make the appropriate transfer of sums listed above for FY 2025.

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 19th day of May 2025.

Wayne Peach, Mayor

Attest:

Sally Hinrichsen, City Clerk/Treasurer