City Council Resolution 2022-141CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2022-141
ADOPTING THE 2023 BUDGET AND AUTHORIZING CERTAIN
FINANCE -RELATED ACTIONS
WHEREAS, the budget is the fiscal blue print for the entire year where the City Council
has considered and incorporated all foreseeable spending plans for 2023; and
WHEREAS, the City, through sound fiscal policy, establishes that current revenues will
be used to finance current expenditures and regularly occurring capital expenditures; and
WHEREAS, the City Council shall by this resolution set forth the total expenditures and
uses, excluding depreciation, and the total revenues and other sources for each budgeted fund.
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Monticello the following is
hereby approved:
SECTION 1. AUTHORIZATION OF ESTIMATED REVENUES FROM ALL SOURCES,
APPROPRIATIONS, AND FUND BALANCE ADDED (EXPENDED):
Revenues
Expenditures
Fund Balance
Fund
2023 Budget
2023 Budget
Added (Expended)
General Fund
$
11,480,000
$
11,480,000
$
-
Special Revenue Funds
Economic Development
$
987,000
$
1,823,000
$
(836,000)
Cemetery
$
42,000
$
31,000
$
11,000
Small Community Development Grant
$
8,000
$
-
$
8,000
Monticello Community Center
$
2,122,000
$
2,122,000
$
-
Total Special Revenue Funds
$
3,159,000
$
3,976,000
$
(817,000
Debt Service Funds
2015B G.O. Bonds
$
186,000
$
213,000
$
(27,000)
2016A G.O. Bonds
$
357,000
$
528,000
$
(171,000)
2017A G.O. Bonds
$
340,000
$
468,000
$
(128,000)
2018A G.O. Bonds
$
446,000
$
448,000
$
(2,000)
2019A G.O. Bonds
$
712,000
$
712,000
$
-
2020A G.O. Bonds
$
227,000
$
238,000
$
11,000)
Total Debt Service Funds
$
2,268,000
$
2,607,000
$
(339,000)
Capital Project Funds
Capital Project
$
10,615,000
$
11,870,000
$
(1,255,000)
Street Lighting Improvement
$
922,000
$
2,130,000
$
(1,208,000)
Park & Pathway Improvement
$
1,002,000
$
1,375,000
$
(373,000)
Park Dedication
$
1,000
$
-
$
1,000
Total Capital Project Funds
$
12,540,000
$
15,375,000
$
2,835,000
Enterprise Funds
Water
$
1,760,000
$
2,242,000
$
(482,000)
Sewer
$
3,119,000
$
3,679,000
$
(560,000)
Stormwater
$
962,000
$
986,000
$
(24,000)
Liquor
$
7,370,000
$
9,010,000
$
(1,640,000)
Deputy Registrar
$
871,000
$
2,542,000
$
(1,671,000)
Fiber Optics
$
1,880,000
$
1,950,000
$
(70,000)
Total Enterprise Funds
$
15,962,000
$
20,409,000
$
4,447,000
Internal Service Funds
Facilities Maintenance
$
403,000
$
403,000
$
-
ITServices
$
538,000
$
538,000
$
-
Central Equipment
$
752,000
$
1,403,000
$
(651,000)
Benefit Accrual
$
12,000
$
12,000
$
-
Total Internal Service Funds
$
1,705,000
$
2,356,000
$
651,000
Total All Funds
$
47,114,000
$
56,203,000
$
(9,089,000)
SECTION 2. TRANSFERS:
By resolution, the Council can amend or rescind this section as the year progresses. The
following list may include transfers for projects that have not received formal council
authorization. Transfers for these projects can be rescinded any time during the budget year.
a. To EDA Fund from General Fund - $6,000.
b. To Capital Projects Fund from Liquor Fund - $1,000,000
c. To Capital Projects Fund from Deputy Registrar Fund - $1,750,000
d. To Street Lighting Improvement Fund from Liquor Fund - $250,000
e. To Park & Pathway Improvement Fund from Liquor Fund - $1,000,000
SECTION 3. OTHER BUDGET AUTHORIZING ACTIONS:
a. Removes prior commitments and assignments, except those required by GASB, from
fund balance classifications.
b. Sets the General Fund reserve policy at 60-75% of expenditures.
c. Approves Senior Center annual subsidy of $65,000.
d. Approves a 4% wage adjustment to full-time employees (Pay Grades U9 -U11, H100 -
H260, and S100 -S260) and a 4% wage adjustment to the part-time Community Center
employees (Pay Grades M01 -M06) commencing on first pay period beginning in January
2023 and approves an increase in the hourly call rate for the fire department to $14.00.
e. Establishes the monthly standard health insurance benefits for union employees with an
effective date of March 1, 2023 at $1,253.58 for family coverage (single coverage fully
paid by City at $1,420). The monthly standard health benefits for participating non-
union employees are $922.51 for the single plan and $1,711.93 for the family plan.
Premium contributions are required from family/dependent plan participants for the
difference between the standard benefit and coverage costs. No contribution is
required from single -plan and non -plan participants.
ADOPTED BYthe Monticello City Council this 12th day of December, 2022.
CITY OF MONTICELLO
Lloyd Hilgart, Mayor
ATTEST:
Je nifer chr ber, City Clerk