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Resolution 26-98

CITY OF MONTICELLO, IOWA

RESOLUTION #2026-98   

Authorizing the City Clerk to make the Appropriate Transfers

of Sums and Record the Same in the Appropriate Manner for

FY 2027 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 FY2026-2027 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 for future tree planting and maintenance.
  3. Transfer from General Fund to Park & Rec Department – Not to exceed $270,300.00 to support operation of the Park & Rec Department.
  4. Transfer from General Fund to Fire Department – Not to exceed $165,062.00 to support the operation of the Fire Department.
  5. Transfer from General Fund to Ambulance Fund – Not to exceed $ 90,000.00 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 $117,558.00 to support the operation of the Library Department.
  11. Transfer from General Fund to Road Use Set-a-Side Fund – Not to exceed $50,000.00 for future truck and equipment purchases.
  12. Transfer from Berndes Center to Recreation Set-a-Side Fund – Not to exceed $5,000.00 for future recreation projects or equipment.
  13. Transfer Youth/Adult Tournament Fund to Park Improvement Fund – Not to exceed $16,000.00 for future recreation projects or equipment.
  14. Transfer Youth/Adult Tournament Fund to Tournament Fund – Not to exceed $26,500.00 to support the operation of the Tournament Fund.
  15. Transfer Police Canine Unit Fund to General Fund – Not to exceed $1,862.00 to reimburse K-9 Handler compensation.
  16. Transfer from Fire Department to Fire Improvement Truck Set-a-Side – Not to exceed $65,000.00 to purchase future Fire Trucks.
  17. Transfer from Fire Department to Fire Improvement Truck Set-a-Side – Not to exceed $22,569.00 to pay back set-a-side for expenses in prior budget.
  18. Transfer from Fire Department to Fire Improvement Equipment Set-a-Side – Not to exceed $75,000.00 to purchase future Equipment purchases.
  19. Transfer Ambulance to Ambulance Improvement Set-a-Side – Not to exceed $10,000.00 to purchase future Ambulance or equipment.
  20. Transfer Equipment Set-a-Side to General Fund  – Not to exceed $63,000.00 for purchase of Police vehicle.
  21. Transfer from Airport to Capital Improvement – Not to exceed $10,000.00 for Airport grant matches.
  22. Transfer Road Use Set-a-Side Fund to Debt Service Fund – Not to exceed $33,409.00 to pay for FY 2027 principal and interest payments on Street Sweeper loan
  23. Transfer TIF Collections to TIF Debt – Not to exceed $373,220.00 to pay for FY 2027 principal, interest and registration fee payments.
  24. Transfer Water Operating to Debt Service – Not to exceed $68,918.00 to pay for FY 2027 principal, interest and registration fee payments.
  25. Transfer Water Capital Improvements to Capital Improvement – Not to exceed $303,089.00 transfer excess bond proceeds from Water Tower Project
  26. Transfer Water Capital Improvement to Debt Service  – Not to exceed $36,017.00 for a portion of the FY 2027 sewer jet principal and interest payments.
  27. Transfer Sewer Operating to Sewer Debt Service – Not to exceed $1,308,956.00 to pay principal, interest, and fees related to the Financing for the Wastewater Treatment Plant Improvements
  28. Transfer Sewer Operating to Sewer Debt Service Reserve – Not to exceed $80,904.00 for future Debt Service payment for Wastewater Treatment facility, as required by the USDA
  29. Transfer Sewer Operating to Sewer Short-Lived Asset Reserve – Not to exceed $123,865.00 for future Short-Lived Assets/Equipment for Wastewater Treatment facility, as required by the USDA
  30. Transfer Sewer Capital Improvement to Debt Service  – Not to exceed $72,033.00 for a portion of the FY 2027 sewer jet principal and interest payments.
  31. Transfer Storm Water Fund to Debt Service – Not to exceed $12,006.00 to pay a portion of the FY 2027 sewer jet principal and interest payments.

NOW THEREFORE BE IT RESOLVED by the City of Monticello, through its’ City Council, in session this 15th day of June 2026, that the City Council does hereby approve to make the appropriate transfer of not to exceed sums listed above for FY 2027.

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 15th day of June 2026.

Jake Ellwood, Mayor

Attest:

Sally Hinrichsen, City Clerk/Treasurer