City Council Resolution 2015-91CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2015 -091
ADOPTING THE 2016 BUDGET AND AUTHORIZING SPECIFIC
FINANCE - RELATED ACTIVITIES
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 2016; 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
2016 Budget
2016 Budget
Added (Expended)
General Fund
$ 7,596,000
$ 7,596,000
$ -
Special Revenue Funds
Economic Development
1,096,710
937,909
158,801
Cemetery
27,000
27,000
-
Minnesota Investment
25,000
-
25,000
Monticello Community Center
1,779,326
1,779,326
-
Total Special Revenue Funds
2,928,036
2,744,235
183,801
Debt Service Funds
2007A G.O. Improvement Bond
516,082
619,600
(103,518)
2008A G.O. Sewer Refunding
845,000
1,049,254
(204,254)
2010A G.O. Improvement Bond
327,433
288,350
39,083
2011A G.O. Refunding Bond
1,756,024
2,424,450
(668,426)
2014A G.O. Judgment Bond
545,000
515,362
29,638
20156 G.O. Bonds
273,000
212,468
60,532
Total Debt Service Funds
4,262,539
5,109,484
(846,945)
Capital Project Funds
Capital Project
8,847,000
9,177,000
(330,000)
Closed Bond Fund
105,720
-
105,720
Park & Pathway Dedication
2,000
468,000
(466,000)
Stormwater Access
70,000
-
70,000
Street Lighting Improvement
90,000
335,000
(245,000)i
Street Construction
25,000
1,500,000
(1,475,000)'
Total Capital Project Funds
9,139,720
11,480,000
(2,340,280)
Enterprise Funds
Water
1,331,500
2,790,808
(1,459,308)
Sewage
4,172,950
4,813,358
(640,408)
Liquor
5,372,710
5,238,666
134,044
Deputy Registrar
401,100
371,416
29,684
Fiber Optics
2,040,449
2,035,812
4,637
Total Enterprise Funds
13,318,709
15,250,060
(1,931,351)
Internal Service Funds
IT Services
299,134
298,980
154
Central Equipment
209,710
582,260
(372,550)
Total Internal Service Funds
508,844
881,240
(372,396)
Total All Funds
$ 37,753,848
$ 43,061,019
$ (5,307,171)
SECTION 2. TRANSFERS:
By resolution, the Council can amend or rescind this section as the year progresses. The
following list does not include any transfers for projects that have not received formal council
authorization.
a. To 2011A GO Improvement Bond Fund from Water Fund - $500,000 and EDA/TIF -
$200,000 (Total - $700,000).
b. To 2008A GO Sewer Revenue Refunding Bond Fund from Sewage Fund - $340,000.
c. To 2010A GO Improvement Bond Fund from Sewage Fund - $85,134 and Water Fund
$150,000 (Total - $235,134).
d. To Capital Projects Fund - $1,500,000 Street Reconstruction and $1,000,000 Water Fund
(Total $2,500,000).
e. To FiberNet Fund from Liquor Fund - $350,000.
SECTION 3. CAPITAL EQUIPMENT AND IMPROVEMENT ACQUISITION:
a. Approves substitution of Streets tractor and accessories ($102,000), Parks one -ton truck
($34,000), and Parks one -ton truck with accessories ($65,000) for plow truck listed in
equipment portion of the 2014A G.O. Bonds.
b. No equipment or construction project acquisition is specifically approved by this section.
SECTION 5. OTHER BUDGET AUTHORIZING ACTIONS:
a. Removes prior commitments and assignments, except those required by GASB, from
fund balance classifications.
b. Approves Senior Center annual subsidy of $56,760.
c. Approves a 2% wage adjustment to full -time, part -time (excluding MCC staff and
volunteer fire personnel) and seasonal employees for the pay period commencing on
January 9, 2016 and an additional I% commencing on July 9, 2016.
d. Approves the paid -on -call fire and rescue personnel hourly rate change from $10 per hour
to $12 per hour commencing on January 1, 2016.
e. Approves increasing the hourly pay range to $7.75 - $9.73 for pay grades 4 -7 on the
MCC minor pay scale.
f. Establishes the monthly standard health insurance benefits at $1,085 with an effective
date of March 1. 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 BY the Monticello City Council this 14th day of December, 2015.
CITY OF L O
Br' n S mpf, Mayor
ATTEST:
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JedOeWeill, City Administrator
CERTIFICATION
STATE OF MINNESOTA
COUNTY OF WRIGHT
I hereby certify that the foregoing is a true and correct copy of a resolution duly passed,
adopted and approved by the Monticello City Council at their scheduled meeting on December 14,
2015, and recorded in minutes of said meeting.
nnifer Sc fiber, City Clerk
Notary Public:
Date:
VICKI JAN LEERHOFF
NOTARY PUBLIC
MINNESOTA
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