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Resolution 22-43

THE CITY OF MONTICELLO, IOWA

RESOLUTION # 2022-43

Authorizing the City Clerk to make the Appropriate Transfers of Sums and Record the Same in the Appropriate Manner for FY 2023 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 2023.

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 – $253,900.00 to support operation of the Berndes Center.
  2. Transfer from the General Fund to the Fire Department – $93,886.00 to support the operation of the Fire Department.
  3. Transfer from the General Fund to the Ambulance Fund – $115,000.00 to support the operation of the Ambulance Department.
  4. Transfer from the General Fund to Cemetery Improvement – $10,000.00 for equipment purchases.
  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 General Fund to Park Improvement – $10,000.00 for Pool Set-A-Side.
  7. Transfer from General Fund to Pocket Park – $1,000.00 to support the operation of the Park.
  8. Transfer from the General Fund to the Insurance Fund – $20,000.00 to pay for self-funded insurance payments.
  9. Transfer from the General Fund to General Equipment Set-Aside – $10,000.00 to purchase future police squad car and equipment
  10. Transfer from the General Fund to the Library Fund – $133,685.00 to support the operation of the Library Department.
  11. Transfer from Police Canine to General Fund – $4,426.00 for Canine Unit Officer wage to care for canine.
  12. Transfer from Fire Department to Fire Truck Set-a-Side – $45,000.00 to purchase future Fire Trucks
  13. Transfer from Hotel/Motel Fund to Park Improvement/Trail Set-Aside – $12,000.00 to for Trail Improvements
  14. Transfer from Airport to Capital Improvement – $66,300.00 for Airport AIP and IDOT grant matches.
  15. Transfer Road Use Fund to Road Use Set-Aside fund – $80,000.00 to purchase future vehicles and equipment
  16. Transfer TIF Collections to TIF Debt – $224,160.00 to pay for FY 2023 principal, interest and registration fee payments.
  17. Transfer Water Operating to Water Capital Improvements – $10,000.00 for future capital projects/purchases.
  18. Transfer Water Operating to Debt Service – $24,715.000 to pay for FY 2023 principal, interest and registration fee payments.
  19. Transfer Sewer Operating to Debt Service – $6,676.00 to pay for FY 2023 principal, interest and registration fee payments
  20. Transfer Sewer Operating to Sewer Sinking – $200,000.00 to pay principal, interest, and fees related to the Financing for the Wastewater Treatment Plant Improvements
  21. Transfer Storm Water Fund to Debt Service – $11,213.00 to pay for FY 2023 principal, interest and registration fee payments
  22. 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 4th day of April 2022, that the City Council does hereby approve to make the appropriate transfer of sums listed above for FY 2023.

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 4th day of April 2022.

David Goedken, Mayor

Attest:

Sally Hinrichsen, City Clerk