THE CITY OF MONTICELLO, IOWA
RESOLUTION #2023-56
Authorizing the City Clerk to make the Appropriate Transfers of Sums and Record the Same in the Appropriate Manner for FY 2024 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 FY2023-2024 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:
- Transfer from General Fund to Park Improvements – Not to exceed $30,000 for future park improvement projects.
- Transfer from General Fund to Monticello Berndes Center – Not to exceed $263,000.00 to support operation of the Berndes Center.
- Transfer from General Fund to Fire Department – Not to exceed $91,123.00 to support the operation of the Fire Department.
- Transfer from General Fund to Ambulance Fund – Not to exceed $190,000.00 to support the operation of the Ambulance Department.
- Transfer from General Fund to Super MAC Fund – Not to exceed $15,000.00 to support the operation of the Super MAC Department.
- Transfer from General Fund to Pool Set-a-Side – Not to exceed $20,000.00 for Future Pool Improvement Projects
- Transfer from General Fund to Insurance Fund – Not to exceed $20,000.00 to pay for self-funded insurance payments.
- Transfer from General Fund to Library Fund – Not to exceed $155,000.00 to support the operation of the Library Department.
- Transfer from General Fund to Capital Improvements – Not to exceed $50,000 for Community Building Improvements.
- Transfer from Berndes Center to Recreation Set-a-Side Fund – Not to exceed $10,000.00 for future recreation projects or equipment.
- Transfer from Fire Department to Fire Truck Set-a-Side – Not to exceed $55,000.00 to purchase future Fire Trucks.
- Transfer Ambulance to Ambulance Set-a-Side – Not to exceed $10,000.00 to purchase future Ambulance or equipment.
- Transfer Police Equipment Set-a-Side to General Fund – Not to exceed $50,000.00 to purchase police squad vehicle.
- Transfer from Airport to Capital Improvement – Not to exceed $19,280.00 for Airport grant matches.
- Transfer Road Use Fund to Road Use Set-Aside fund – Not to exceed $80,000.00 to purchase future vehicles and equipment
- Transfer TIF Collections to TIF Debt – Not to exceed $292,806.00 to pay for FY 2024 principal, interest and registration fee payments.
- Transfer Water Operating to Water Capital Improvements – Not to exceed $50,000.00 for future capital projects/purchases.
- Transfer Water Operating to Debt Service – Not to exceed $87,812.000 to pay for FY 2024 principal, interest and registration fee payments.
- Transfer Sewer Operating to Debt Service – Not to exceed $6,676.00 to pay for FY 2024 principal, interest and registration fee payments
- Transfer Sewer Operating to Sewer Sinking – Not to exceed $350,000.00 to pay principal, interest, and fees related to the Financing for the Wastewater Treatment Plant Improvements
- Transfer Storm Water Fund to Debt Service – Not to exceed $11,213.00 to pay for FY 2023 principal, interest and registration fee payments
- Transfer Storm Water Fund to General Fund – Not to exceed $8,587.00 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 17th day of April 2023, that the City Council does hereby approve to make the appropriate transfer of not to exceed sums listed above for FY 2024.
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 17th day of April 2023.
David Goedken, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer