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Resolution 20-78

THE CITY OF MONTICELLO, IOWA

RESOLUTION #2020-78

Authorizing the City Clerk to make the Appropriate Transfers of Sums and Record the Same in the Appropriate Manner for FY 2021 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 2021.

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 Park Improvements – $30,000.00 for Willow Park Trail and Fountain Park
  2. Transfer from the General Fund to the Monticello Berndes Center – $170,000.00 to support operation of the Berndes Center.
  3. Transfer from the General Fund to the Fire Department – $70,629.00 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 Super MAC Fund – $25,000.00 to support the operation of the Super MAC Department
  6. Transfer from the General Fund to the Insurance Fund – $20,000.00 to pay for self-funded insurance payments.
  7. Transfer from the General Fund to General Equipment Set-Aside – $10,000.00 to purchase future police squad car and equipment
  8. Transfer from the General Fund to the Library Fund – $125,000.00 to support the operation of the Library Department.
  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/Trail Set-Aside  – $12,000.00 to for trail improvements
  12. Transfer from the Library Fund to the Library Capital Improvement fund – $2,000.00 to pay for various Library Building Improvements
  13. Transfer Road Use Fund to Road Use Set-Aside fund – $20,000.00 to purchase future vehicles and equipment
  14. Transfer TIF Collections to TIF Debt – $286,648.00 to pay for FY 2021 principal,  interest and registration fee payments
  15. Transfer Water Operating to Debt Service – $107,880.00 to pay for 2021 principal, interest and registration fee payments
  16. Transfer Water Operating to General Fund – $20,385.00 to pay back Internal Loan payment  (Resolution #19-103)
  17. Transfer Sewer Operating to Debt Service – $94,659 to pay for 2021 principal, interest and registration fee payments
  18. Transfer Storm Water Fund to Debt Service – $11,213.00 to pay for 2021 principal, interest and registration fee payments
  19. Transfer Storm Water Fund to General Fund – $10,000.00 to pay back Internal Loan payment  (Resolution #19-103)

NOW THEREFORE BE IT RESOLVED by the City of Monticello, through its’ City Council, in session this 6th day of July 2020, that the City Council does hereby approve to make the appropriate transfer of sums listed above for FY 2021.

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 6th day of July 2020.

Brian Wolken, Mayor

Attest:

Sally Hinrichsen, City Clerk