Adopted Budgets & Audits

Adopted Budgets

The City of Monticello operates on a financial year that runs from July 1 to June 30. This means that in May and June, the Council will review the current year’s revised budget, which includes adjustments, and approve a budget for the upcoming financial year. These drafted budgets are presented at a public hearing, where the public may make recommendations to the Council for their consideration before the final approval of both budgets at the end of June.

The City operates from multiple funds, each with its own unique budget. These budgets indicate the current priorities for the year and reflect the expected costs associated with providing city services. Fund 10 is the General Fund, which encompasses police services, fire services, the justice court, recreation, parks, the golf course, the swimming pool, the visitor center, the airport, and overall government administration. Fund 25 is designated for Special Events and committees, which can be funded through transit room or other taxes. Fund 40 is the Capital Projects fund, outlining capital projects for the upcoming year. These projects exceed the $5,000 limit or have been pre-planned, such as certain airport maintenance projects. Funds 51 (Water), 52 (Sewer), and 53 (Sanitation) are classified as enterprise funds, each possessing its own capital projects budget and fee-based revenue sources. Fund 54 is an enterprise fund for the Municipal Building Authority (MBA), which incurs debt to construct buildings and has lease contracts with other city services (for instance, the swimming pool is an MBA building that has a lease to the general swimming pool fund). As you can see, each fund serves a specific purpose but may require a different budgeting approach. If you have any questions about the budget or cannot find the budget you are looking for, please use the contact form below to request more information. 

The following budgets are labeled based on the year they end, so, for example, the FY 2025 budget is from July 1, 2024, to June 30, 2025.

FY 2026 Budget w/ FY 2025 Revised - Proposed


FY 2025 Budget w/ FY 2024 Revised


FY 2024 Budget  w/ FY 2023 Revised


FY 2023 Budget w/ FY 2022 Revised