City Council Resolution 2025-79CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2025-79
ADOPTING THE 2026 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 2026; 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):
2026 Budgeted 2026 Budgeted
Fund Balance
Fund
Revenues
Expenditures
Added (Expended)
General Fund
$ 13,886,000
$ 13,886,000
$ -
$RedalRevenue Funds
Cemetery
$ 50,000
$ 34,000
$ 16,000
Small Community Development Grant
30,000
-
30,000
Monticello Community Center
2,145,000
2,145,000
-
Total Special Revenue Funds
$ 2,225,000
$ 2,179 000
$ 46,000
Debt Service Funds
2015E G.O. Bonds
$ 198,000
$ 215,000
$ (17,000)
2016AG.0. Bonds
481,000
529,000
(48,000)
2017AG.0. Bonds
465,000
474,000
(9,000)
2018AG.0. Bonds
437,000
448,000
(11,000)
2019AG.0. Bonds
712,000
712,000
2020AG.0. Bonds
220,000
234,000
(14,000)
Total Debt Service Funds
$ 2,513,000
$ 2,612,000
$ 99,000
Capital Project Funds
Capital Projects
$ 39,668,000
$ 21,681,000
$ 17,987,000
Street Lighting Improvements
175,000
25,000
150,000
Park Dedication
5,000
-
5,000
BCOLSales Tax
2,527,000
1,705,000
822,000
Transportation Improvements
1,405,000
1,260,000
145,000
Total Capital Project Funds
$ 43,780,000
$ 24,671,000
$ 19,109,000
Enterprise Funds
Water
$ 15,778,000
$ 15,472,000
$ 306,000
Sewer
3,870,000
4,756,000
(886,000)
Stormwater
2,865,000
3,257,000
(392,000)
Liquor
6,478,000
6,078,000
400,000
Deputy Registrar
1,149,000
960,000
189,000
Fiber Optics
1,903,000
1,848,000
55,000
Total Enterprise Funds
$ 32,043,000
$ 32,371,000
$ 328,000
Internal Service Funds
Facilities Maintenance
$ 725,000
$ 725,000
$
IT Services
594,000
594,000
-
Central Equipment
719,000
530,000
189,000
Benefit Accrual
30,000
30,000
Total Internal Service Funds
$ 2,068,000
$ 1,879,000
$ 189,000
Comoonent Units
Economic Development Authorit
$ 1,379,000
$ 1,194,000
$ 185,000
Total Component Units
$ 1,379 000
$ 1,194 000
$ 185,000
Total All Funds
$ 97,894,000
$ 78,792,000
$ 19,102,000
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 Street Lighting Improvement Fund - $25,000
c. To Community Center Fund from Deputy Registrar Fund - $100,000
SECTION 3. OTHER BUDGET -RELATED AUTHORIZATIONS:
a. Removes prior commitments and assignments, except those required by GASB, from
fund balance classifications.
b. Retains the General Fund reserve policy at 60-75% of subsequent year's budgeted
expenditures.
c. Approves Senior Center annual subsidy of $70,000.
d. Approves a 3.0% wage adjustment to non -bargaining unit full-time employees (Pay
Grades 1-1100-1-1260, and S100-S260), other part-time and temporary employees (Pay
Grades T01-T04), and paid on call firefighters commencing on first pay period beginning
in January 2026.
e. Approves a 1.0% wage adjustment for part-time Community Center employees (Pay
Grades M01-M06).
f. Retains the monthly fire department officer stipends at $700 for Fire Chief, $465 for
Assistant Fire Chief, $225 each for Fire Captains, $320 for the Fire Secretary, and $225
for Public Relations position(s).
g. Establishes the monthly standard health insurance benefits for participating non -union
employees at $1,127.74 for the single plan and $2,211.42 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 8th day of December, 2025.
ATTEST:
OdW&Akkt�Z
�e�'nifer hre b r, City Clerk
CITY OF MONTICELLO
Lloyd Hilgart, Mayor