City Council Resolution 2019-95CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2019-95
ADOPTING THE 2020 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 2020; 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 2020 Budget 2020 Budget
Added (Expended)',
General Fund $ 8,903,000 $ 8,903,000
$ -
Snecial Revenue Funds
Economic Development 1,066 000 904,000
162,000
Cemetery 33,o6- 33, 000
- -
_ -
_
Minnesota Investment 15,0
15,000
Monticello Community Center j 2,008 000: 2,008,000
-
Total Special Revenue Funds
3,122,000 2,945,000
177,000
Debt Service Funds
2011A G.O. Refunding Bond
425,402 1,271,450
(846,048)
2014A G.O. Judgment Bond
536,501 510,801
25,700
20156 G.O. Bonds220,594
^�
__ --- ! 211,250
9,344
-
2016A G.O. Bonds _-_-
-------_ ____
503,798 525,350
(21,552)'„
G.O. Bonds
485,742 470,140
15,602
2018A G.O. Bonds
472,634 450,737
, 21,897
2019A G.O. Bonds
728,620 709,046
19,574
Notal Debt Service Funds
3,373,291 4,148,774
775,483
Capital Project Funds
Capital Project - _- _�__
3,460 013 ;
-- _- - _2875,000_..--__-_.
585,013
_W
Closed Bond Fund
_ 75,000 �
5,000
7 '
Park & Pathway Dedication
- 467,000 515,000
(48,000)
Stormwater Access -
-�^ 65,000 360,000
_ (295,000)'
Street Lighting Improvement
90,000 160,000
(70,000) j
Street Construction
20,000 -
, 20,000
Total Capital Project Funds
4,177,013 3,910,000
267,013
Enterprise Funds ---- ---
_--
-�
Water
1,524,139 2,535,322
(1,011,183)']
Sewage
2,776,509 3,351,136
(574,627);
Water Quality -_-._
207,000 168,013
38,987 j
Liquor
6,269,651 6,159,541
110,110
Deputy Registrar
627,000 461,814
165,186
'Fiber Optics
1,850,000 2,054,000
! 204,000
Total Enterprise Funds
( 13,254,299 ! 14,729,826
(1,475,527);
Internal Service Funds
IT Services
226,097 225,000 1,097
Benefit Accrual
19,500 - 19,500
Central Equipment
E 333,800 i 636,400 (302,600);
Total Internal Service Funds
579,397 861,400 (282,003)!
.Total All Funds
$ 33,409,000 ; $ 35,498,000 $ (2,089,000)',
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 2011 A GO Improvement Bond Fund from EDA/TIF - $200,000.
b. To FiberNet Fund from Liquor Fund - $50,000.
c. To Park & Pathway Fund from Liquor Fund - $420,000.
d. To Capital Projects Fund from Water Fund - $900,000.
SECTION 3. CAPITAL EQUIPMENT AND IMPROVEMENT ACQUISITION:
a. Appropriates resources for Central Equipment Fund purchases: Streets — plow truck
($270,000*); Parks — mower ($112,000), water wheel ($13,000*), Kawasaki mule
(12,000*), one -ton truck ($65,000*), Toro workman ($30,000*); Public Safety - n/a.
b. Appropriates resources for Enterprise Fund equipment purchases: Sewage Fund — n/a;
Water Fund — n/a; DMV Fund — n/a; Water Quality Fund — n/a; Liquor Fund — n/a.
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 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. Retains the General Fund reserve policy at 75% of expenditures and the revenue (cost
recovery) policy for the community center where customer charges shall provide for 85%
of operating costs, which includes on-going capital and non -capital items, such as
equipment acquisitions and repairs and maintenance.
c. Approves Senior Center annual subsidy of $63,300.
d. Approves a 2% wage adjustment to full-time, part-time (excluding MCC staff and
volunteer fire personnel) and seasonal employees commencing on first pay period
beginning in January 2020 and an additional 1 % commencing on first pay period
beginning in July 2020.
e. Establishes the monthly standard health insurance benefits for union employees at
$1,163.58 with an effective date of March 1. The monthly standard health benefits for
participating non-union employees are $778.09 for the single plan and $1,438.79 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.
f. Adds one full-time park position starting no earlier than June 15, 2020.
g. Staff will consider the budget impact of agenda items before making staff
recommendations.
ADOPTED BY the Monticello City Council this 9ch day of December, 2019.
CITY OF MONTICELLO
rian Stump ,
ATTEST:
Jeff O ll, City Administrator