Monona approves budget
By Audrey Posten, North Iowa Times Editor
The city of Monona approved its proposed fiscal year 2015 budget at the council’s March 3 meeting. The budget runs from July 1, 2014 through June 30, 2015. As of June 30, 2015, the city has budgeted to have an ending fund balance of $1,639,064.
The estimated total tax levy rate per $1,000 valuation on regular property is $14.54757, with a total of $534,812 in taxes levied on property.
For expenditures, Monona saw the biggest jump in culture and recreation, going from an estimated $298,806 at the end of fiscal year 2014 to $959,032 in 2015. City Administrator Dan Canton said that is largely attributed to a $750,000 library expansion project.
The highest amount in expenditures comes through capital projects. For the upcoming fiscal year, Monona looks to spend $1,602,000 on capital projects, which is Canton’s guesstimate cost for the Phase II sewer project.
“It’s the best guess you can do at the moment,” said Canton. “You have no idea where things are going to end.”
Canton said each year brings unforeseeable circumstances and that cities make budget amendments each spring to account for some of those. The current fiscal budget year (2014) will end June 30, and amendments have yet to be made.
New police officer
At the meeting, the Monona Council approved the appointment of Brian Berger as the city’s newest police officer. Berger, who lives in Monona, officially began work on March 3. He said everything is going well so far and that he has already started a few cases.
Pool parking lot project
The final total project costs for the city’s wastewater treatment plant project is $2,602,632.30, including engineering, construction and all other costs included with the project.
Using $250,000 from the interest savings on an SRF loan for the project, the city is able to also fund the Monona Aquatic Center pavement project.
Canton said estimated costs for the project are a bit higher than that funding, but that the amount may change depending on the bids that come in once the project is let.
The council approved a resolution to set March 28 as the date for the public hearing and bid letting for the project. Canton said that is an open session, so the public is welcome to attend.
On April 7, Monona plans to hold a public hearing on project plans and specifications. The council will also adopt a resolution awarding a construction contract and set the public hearing date for the loan and disbursement agreement.
By May 5, the city plans to hold that public hearing and adopt a resolution approving the loan and disbursement agreement.
Canton and the council remarked how lucky the city is to be able to use that $250,000 in funding, explaining that there was a small window of opportunity that made it possible.
“I don’t know who dreamed it up, but it’s perfect,” Canton said. “We’re essentially financing two projects for the price of one.”
Phase II sewer project
The council authorized an engineering agreement with IIW for Phase II sanitary sewer evaluation.