City Council Resolution 2024-127CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2024-127
ADOPTING THE 2025 BUDGET, TRANSFERS AND OTHER
BUDGET -RELATED AUTHORIZATIONS
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 2025; 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):
2025 Budgeted 2025 Budgeted
Fund Balance
Fund
Revenues
Expenditures
Added (Expended)
General Fund
$ 13,181,000
$ 13,181,000
$ -
Special Revenue Funds
Cemetery
$ 52,000
$ 36,000
$ 16,000
Small Community Development Grant
27,000
-
27,000
Monticello Community Center
2,067,000
2,067,000
-
Total Special Revenue Funds
$ 2,146,000
$ 2,103,000
$ 43,000
Debt Service Funds
2015B G.O. Bonds
$ 184,000
$ 214,000
$ (30,000)
2016A G.O. Bonds
502,000
529,000
(27,000)
2017A G.O. Bonds
441,000
472,000
(31,000)
2018A G.O. Bonds
422,000
448,000
(26,000)
2019A G.O. Bonds
696,000
714,000
(18,000)
2020A G.O. Bonds
204,000
235,000
(31,000)
Total Debt Service Funds
$ 2,449,000
$ 2,612,000
$ (163,000)
Capital Project Funds
Capital Project
$ 4,667,000
$ 5,787,000
$ (1,120,000)
Street Lighting Improvement
160,000
380,000
(220,000)
Park & Pathway Improvement
687,000
916,000
(229,000)
Park Dedication
6,000
-
6,000
BCOL Sales Tax
1,000,000
215,000
785,000
Total Capital Project Funds
$ 6,520,000
$ 7,298,000
$ (778,000)
Enterprise Funds
Water
$ 2,084,000
$ 3,372,000
$ (1,288,000)
Sewer
4,595,000
7,902,000
(3,307,000)
Stormwater
2,203,000
3,156,000
(953,000)
Liquor
7,441,000
7,166,000
275,000
Deputy Registrar
1,134,000
1,312,000
(178,000)
Fiber Optics
1,948,000
1,981,000
(33,000)
Total Enterprise Funds
$ 19,405,000
$ 24,889,000
$ (5,484,000)
Internal Service Funds
Facilities Maintenance
$ 700,000
$ 700,000
$
IT Services
594,000
594,000
-
Central Equipment
665,000
645,000
20,000
Benefit Accrual
15,000
15,000
-
Total Internal Service Funds
$ 1,974,000
$ 1,954,000
$ 20,000
Component Units
Economic Development Authority
$ 896,000
$ 757,000
$ 139,000
Total Component Units
$ 896,000
$ 757,000
$ 139,000
Total All Funds
$ 46,571,000
$ 52,794,000
$ (6,223,000)
SECTION 2. TRANSFERS:
By resolution, the Council can amend or rescind transfers in this section as the year progresses.
The following list may include transfers for projects that have not received formal council
authorization.
a. To EDA Fund from General Fund - $6,000
b. To Capital Projects Fund from Liquor Fund - $500,000
c. To Capital Projects Fund from Street Lighting Improvement Fund - $380,000
d. To Community Center Fund from Deputy Registrar Fund - $100,000
e. To Parks & Pathway Improvement Fund from Deputy Registrar Fund - $402,000
SECTION 3.OTHER BUDGET -RELATED AUTHORIZATIONS:
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 $70,000.
d. Approves a 3.5% wage adjustment to full-time employees (Pay Grades U9-U11, H100-
H260, and S100-S260), part-time Community Center employees (Pay Grades M01-M06),
other part-time and temporary employees (Pay Grades T01-T04), and paid on call
firefighters commencing on first pay period beginning in January 2025.
e. Sets the monthly fire department officer stipends at $700 for Fire Chief, $465 for
Assistant Fire Chief, $225 for Fire Captains, $320 for the Fire Secretary.
f. Establishes the monthly standard health insurance benefits for union employees with an
effective date of March 1, 2025 at $1,326.08 for family coverage (single coverage fully
paid by City at $1,565). The monthly standard health benefits for participating non-
union employees are $988.54 for the single plan and $1,959.67 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 9th day of December, 2024.
ATTEST:
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,Jen fifer S hrety Clerk
CITY OF MONTICELLO
Lloyd iH Igart,' Aayor