City Council Resolution 2013-101CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2013 -101
ADOPTING THE 2014 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 2014; 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 RESOL VED, by the City Council of the City of Monticello the
following is hereby approved:
SECTION 1. AUTHORIZATION OF APPROPRIATIONS:
Fund
2014 Bud etl
General Fund
$ 6,760,000
Special Revenue Funds
Economic Development
720,957
.. D Pu ty Re gistrar..
380
• Minnesota Investment
-
_Monticello Comm Ln4 Center
_
2,815,000
Park & Pathway Dedication
494,500
Total Special Revenue Funds
4,411,040 1
Debt Service Fu=_
2007A G.O. Improvement Bond
_ _ _,
_ _ 736,100 1
!2008A G.O. Sewer Refunding
1049,593 ;
�2008A G.O. Revenue Refunding
1 1,037,860
2010A G.O. Improvement Bond
_ 360,650
2011A G.O. Refunding Bond
2,880,650
ITotal Debt Service Funds
6,064,8§1j
Capital Prole9J Funds
,Capital Project
i 11785,000
'Closed Bond Fund _ _
494,500
iStormwater Access
366,300
Street Lighting Improvement
i _75,000 C
;Street Construction
400,000
Total Capital Project Funds
! 3,120,800
i Enterprise Funds_
;.Water
j 1,430,452
_
3,170,564 ,
"Liquor -
:.. 4,998,455
^Cemetery - _
-I.
29,172 '•
:Fiber Optics
! 1,820,000
;Total Enter rise Funds
11,448,643
Internal Service Funds
IT Services (Authorized)
252,711
Central Equipment Authorized
750,317
;Total Internal Service Funds
1,003,028
:Total All Funds
$ 32,808,364
SECTION 2. ESTIMATED REVENUES FROM ALL SOURCES:
Fund
2014 Bud 4
iGeneral Fund
$ 6,760,000 .
'Special Revenue Funds
Economic Development
967,908
IDepuiy Registrar -
_ 381,050
:Minnesota Investment
25,000, I
- _._.. _ - -- - --
!Monticello Communes Center
--
` 2,815,000
_
Park & Pathway Dedication
499,500 I
Total Special Revenue Funds
4,688,458
Debt Service Funds____
2007A G.O. Improvement Bond
_
662,022
2008A G.O. Sewer Refunding
_._ ..__... _ -_-
2008A G.O. Revenue Refunding
_955,000
0,500 )
2010A G. O_Improvement Bond
r_ 296,948 i
2011A G.O. Refunding Bond
2,774,093
Total Debt Service Funds
5,728,563
! Capltal PrgeW Funds
Capital Project
1_,670,000 I
;Closed Bond Fund
288,000
Storm-vater Access
70,000 1
(Street Lighting Improv_em_ent
130,000 1
i Street Construction
25,000 �
Total Capital Project Funds
2,183,000 ,
. Enterprise Funds
• Water
�1,373,620 I
4,954,5001
Cemetery.._
25,608
EFiber Optics
1,820,000 1
Total Enterprise Funds
10,346,678
Internal fgrvicg Funds
IT Services (Authorized)
252,808 1
Central EqIui pmant Authorized
129,330
I Total Internal Service Funds
382,138
Total All Funds
$ 30, 088, 837
SECTION 3. 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 Community Center Fund from Deputy Registrar (DMV) Fund - $50,000.
b. To 2011A GO Improvement Bond Fund from Sewage Fund - $704,540, Storm Sewer
Access Fund - $266,500, Water Fund - $500,000, and EDA/TIF - $278,353 (Total -
$1,749,393).
c. To 2008A GO Sewer Revenue Refunding Bond Fund from Sewage Fund - $450,000.
d. To 2008A Revenue Refunding Bond Fund from Community Center Fund - $1,040,000.
e. To 2010A GO Improvement Bond Fund from Sewage Fund - $128,795, Storm Sewer
Access Fund - $59,800 and Water Fund $51,000 (Total - $239,595).
f. To EDA Fund from General Fund - $93,000.
g. To FiberNet Fund from Liquor Fund - $350,000.
SECTION 4. CAPITAL EQUIPMENT AND IMPROVEMENT ACQUISITION:
a) Items listed in section below authorizing issuance of capital equipment debt.
SECTION 5. OTHER BUDGET AUTHORIZING ACTIONS:
a. Removes prior commitments and assignments, except those required by GASB, from
fund balance classifications.
b. Amends the list of reimbursable equipment in Resolution #2013 -018 to include with
approximate costs as follows: 1) blacktop planer - $22,000; 2) router - $22,000; 3) air
compressor - $20,000.
c. Approves a 1% cost -of- living adjustment to full -time, part-time (excluding MCC staff
and volunteer fire personnel), and seasonal employees for the pay period commencing on
January 11, 2014.
d. Establishes the 2014 monthly family health and dental insurance benefits at $1218.20 and
$120.72, respectively; and the 2014 monthly single health and dental insurance benefits
at $515.50 and $41.59, respectively.
ADOPTED BYthe Monticello City Council this 9h day of December, 2013.
CITY OF MONTICELLO
Clint Herbst, Mayor
ATTEST:
' eill, City Administrator