City Council Resolution 2018-96CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2018-96
ADOPTING THE 2019 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 2019; 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
2019 Budget
2019 Budget
Added (Expended)
General Fund
$ 8,586,000
$ 8,586,000
$ -
Special Revenue Funds
Economic Development
1,061,000
899,000
162,000
Cemetery
52,000
91,000
(39, 000)
Minnesota Investment
10,000
-
10,000
Monticello Community Center
2,000,000
2,045,000
(45,000)
Total Special Revenue Funds
3,123,000
3,035,000
88,000
Debt Service Funds
2010A G.O. Improvement Bond
171,523
889,156
(717,633)
2011A G.O. Refunding Bond
395,817
429,150
(33,333)
2014A G.O. Judgment Bond
538,244
512,462
25,782
2015B G.O. Bonds
224,516
213,652
10,864
2016A G.O. Bonds
514,056
529,250
(15,194)
2017A G.O. Bonds
491,366
472,438
18,928
2018A G.O. Bonds
500,000
451,115
48,885
Total Debt Service Funds
2,835,522
3,497,223
(661,701)
Capital Project Funds
Capital Project
9,389,000
10,175,000
(786,000)
Closed Bond Fund
69,000
-
69,000
Park & Pathway Dedication
2,162,000
2,605,000
(443,000)
Stormwater Access
65,000
800,000
(735,000)
Street Lighting Improvement
90,000
160,000
(70,000)
Street Construction
20,000
135,000
(115,000)
Total Capital Project Funds
11,795,000
13,875,000
(2,080,000)
Enterprise Funds
Water
1,561,747
1,513,113
48,634
Sewage
2,570,411
3,303,190
(732,779)
Liquor
5,984,220
7,622,065
(1,637,845)
Deputy Registrar
551,400
451,609
99,791
Fiber Optics
1,945,000
2,099,000
(154,000)
Total Enterprise Funds
12,612,778
14,988,977
(2,376,199)
Internal Service Funds
IT Services
253,300
249,200
4,100
Benefit Accrual
19,500
-
19,500
Central Equipment
301,900
531,600
(229,700)
Total Internal Service Funds
574,700
780,800
(206,100)
Total All Funds
$ 39,527,000
$ 44,763,000
$ (5,236,000)
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 2011 A GO Improvement Bond Fund from EDA/TIF - $200,000.
b. To 2010A GO Improvement Bond Fund from Street Reconstruction Fund $135,000.
c. To FiberNet Fund from Liquor Fund - $100,000.
d. To Park & Pathway Fund from Liquor Fund - $2,100,000.
e. To Capital Projects Fund from Water Fund - $500,000.
f. To the General Fund from the EDA Fund - $2500.
SECTION 3. CAPITAL EQUIPMENT AND IMPROVEMENT ACQUISITION:
a. Appropriates resources for Central Equipment Fund purchases: Streets — bucket truck
($135,000*), sidewalk snow machine ($150,000); Parks — skid loader ($65,000*); Fire —
SUV ($50,000), ladder truck ($1,300,000).
b. Appropriates resources for Enterprise Fund purchases: Sewage Fund — Vactor truck
($450,000), wastewater treatment plant mule ($20,000*); DMV Fund — fleet vehicle
($28,000*).
c. In accordance with the purchasing policy, all capital asset (equipment, buildings, etc.)
purchases included in this section are subject to further review and must be approved by
specific council action. Items with denoted with an (*) require future council action.
SECTION 4. 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 75% of expenditures.
c. Approves Senior Center annual subsidy of $61,800.
d. 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 first
pay period beginning in January 2019 and an additional 1 % commencing on first pay
period beginning in July 2019.
e. Establishes the monthly standard health insurance benefits for union employees at
$1,151.08 with an effective date of March 1. The monthly standard health benefits for
participating non-union employees are $752.02 for the single plan and $1,409.74 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 BY the Monticello City Council this 10th day of December, 2018.
CITY OF NTICELLO
Brian Stumpf, yor
ATTEST:
�-
Jeff-6')eo, City Administrator