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Resolution 25-74

CITY OF MONTICELLO, IOWA

RESOLUTION #2025-74  

Authorizing the City Clerk to make the Appropriate Transfers of Sums and Record the Same in the Appropriate Manner for FY 2026 for the City of Monticello

WHEREAS, the City Council has held budget workshop and given direction for budget decisions; and,

WHEREAS, the City Clerk has prepared the FY2025-2026 budget according to City Council direction as required by the State of Iowa; and,

WHEREAS, it is recommended by the State of Iowa that the City Council approve

the Budget and specify approved transfers.  Transfers amounts included in approved budget are as follows:

  1. Transfer from General Fund to Park Improvements – Not to exceed $60,000 for future park improvement projects.
  2. Transfer from General Fund to Trees Forever – Not to exceed $5,000
  3. Transfer from General Fund to Monticello Berndes Center – Not to exceed $265,000.00 to support operation of the Berndes Center.
  4. Transfer from General Fund to Fire Department – Not to exceed $113,492.00 to support the operation of the Fire Department.
  5. Transfer from General Fund to Ambulance Fund – Not to exceed $290,000.00 to support the operation of the Ambulance Department.
  6. Transfer from General Fund to Super MAC Fund – Not to exceed $25,000.00 to support the operation of the Super MAC Department.
  7. Transfer from General Fund to Pool Set-a-Side – Not to exceed $40,000.00 for Future Pool Improvement Projects 
  8. Transfer from General Fund to Insurance Fund – Not to exceed $20,000.00 to pay for self-funded insurance payments.
  9. Transfer from General Fund to Police Car Set-a-Side – Not to exceed $25,000.00 to purchase squad car.
  10. Transfer from General Fund to Library Fund – Not to exceed $165,261.00 to support the operation of the Library Department.
  11. Transfer from Berndes Center to Recreation Set-a-Side Fund – Not to exceed $5,000.00 for future recreation projects or equipment.
  12. Transfer Youth/Adult Tournament Fund to Park Improvement Fund – Not to exceed $16,300.00 for future recreation projects or equipment.
  13. Transfer Youth/Adult Tournament Fund to Tournament Fund – Not to exceed $23,700.00 to support the operation of the Tournament Fund.
  14. Transfer from Fire Department to Fire Truck Set-a-Side – Not to exceed $65,000.00 to purchase future Fire Trucks.
  15. Transfer from Fire Department to Fire Truck Set-a-Side – Not to exceed $14,165.00 to pay back set-a-side for radios in prior budget.
  16. Transfer Ambulance to Ambulance Set-a-Side – Not to exceed $10,000.00 to purchase future Ambulance or equipment.
  17. Transfer from Airport to Capital Improvement – Not to exceed $60,000.00 for Airport grant matches.
  18. Transfer Road Use Fund to Road Use Set-Aside fund – Not to exceed $50,000.00 to purchase future vehicles and equipment
  19. Transfer Road Use Set-a-Side Fund to Debt Service Fund – Not to exceed $51,796.00 to pay for FY 2026 principal and interest payments on Street Sweeper loan
  20. Transfer TIF Collections to TIF Debt – Not to exceed $378,578.00 to pay for FY 2026 principal, interest and registration fee payments.
  21. Transfer Water Operating to Water Capital Improvements – Not to exceed $25,000.00 for future capital projects/purchases.
  22. Transfer Water Operating to Debt Service – Not to exceed $95,683.00 to pay for FY 2026 principal, interest and registration fee payments.
  23. Transfer Sewer Operating to Debt Service – Not to exceed $6,476.00 to pay for FY 2026 principal, interest and registration fee payments
  24. Transfer Sewer Operating to Sewer Debt Service – Not to exceed $800,000.00 to pay principal, interest, and fees related to the Financing for the Wastewater Treatment Plant Improvements
  25. Transfer Sewer Operating to Sewer Debt Service Reserve – Not to exceed $53,160.00 for future Debt Service payment for Wastewater Treatment facility, as required by the USDA
  26. Transfer Sewer Operating to Sewer Short-Lived Asset Reserve – Not to exceed $125,933.00 for future Short-Lived Assets/Equipment for Wastewater Treatment facility, as required by the USDA
  27. Transfer Storm Water Fund to Debt Service – Not to exceed $11,013.00 to pay for FY 2026 principal, interest and registration fee payments

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 not to exceed sums listed above for FY 2026.

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