October 7, 2026 Finance Committee Meeting

Meeting AgendaMeeting AgendaMeeting Agenda Finance CommitteeFinance CommitteeFinance Committee A D M I N I S T R A T O R C H R I S T O P H E E . J E N K I N S C L E R K M I C H E L L E T . J O H N S O N D P W D I R E C T O R E R I C P A U L U S F I R E C H I E F B R I A N W E Y K E R M A R S H A L E R I C L E E T T R E A S U R E R J U L I E U P S O N Chairman Richard Abegglen Members P e t e r L e n z J e s s i c a F r a n c k Wednesday, October 7 , 2026 th at 6:00PMFredonia Government Center board room 242 Fredonia Ave, Fredonia WI 53021 The following business will be before theFinance Committee for initiation,discussion, consideration, deliberation,and possible formal action. 1. cALL TO oRDEr 2. pLEDGE OF aLLEGIANCE / ROLL CALL 3. Public comment Please note that public comments are limited to 5 minutesper person. 4. Consent Agenda: a. Approve Minutes of the October 2 , 2025 FinanceCommittee Meeting nd 5. Presentations a. Presentation of DRAFT 2027 Annual Operating Budget 6. Items for action and / ordiscussion a. Discussion and Possible Recommendation to the VillageBoard of Trustees on the DRAFT 2027 Annual OperatingBudget. b. Discussion and Possible Recommendation to the VillageBoard of Trustees on 2027 Water Rate Case Study. Our Mission: “We are a proactive and results- oriented community, continuously moving forward and planning for the future. We are committed to responsibly serving our community and embracing new ideas. By developing and supporting a quality growth strategy, we strive to deliver exceptional services and foster a thriving environment for the betterment of the Village.” Our Vision: “Our vision for the Village of Fredonia is to cultivate a sense of pride among its residents, promoting a vibrant community where people can live, work, and gather. We envision a municipality that experiences continual and steady growth, both in terms of infrastructure and economic opportunities. Our goal is to create an inviting and thriving environment that attracts individuals, families, and businesses, making the Village of Fredonia a place where people can build meaningful lives and contribute to its prosperous future.” 6. Correspondence 7. Items for Future Consideration 8. Motion to Adjourn NOTICE IS HEREBY GIVEN that a majority of the Fredonia Village Board may attend this meeting in order to gather information about a subject over which they have decision- making responsibility. UPON REASONABLE NOTICE, efforts will be made to accommodate the needs of disabled individuals through appropriate aids and services. For additional information or to request this service, contact the village clerk at (262) 692-9125. You are invited to a Zoom meeting. When: Oct 7, 2026 06:00 PM Central Time (US and Canada) Register in advance for this meeting: https://us02web.zoom.us/meeting/register/QpSkcVWQS oCjCZcFwSQMdQ After registering, you will receive a confirmation email containing information about joining the meeting. Our doors are Always open! Do you have a question or concern? We want to hear from you. All elected officials are accessible via email through the Village Board page on the Village’s website. Follow us on Facebook, check out our website, sign up e-notifications, call or stop by Village Hall to stay informed! 242 Fredonia Ave. PO Box 159 Fredonia, WI 53021 (262) 692-9125 www.fredoniawi.gov Mon-Thurs 8AM-4PM Fri 8 AM-12PM StrategicStrategic PrioritiesPriorities Strategic Priorities PO Box 159 242 Fredonia Avenue Fredonia, Wi 53021 Phone: 262-692-9125 Administrator: Christophe Jenkins admin@fredoniawi.gov Clerk: Michelle T. Johnson clerk@fredoniawi.gov Treasurer: Julie Upson treasurer@fredoniawi.gov Finance Committee Meeting Minutes Thursday, October 2nd, 2025 at 7:00 PM Fredonia Government Center - Board Room 242 Fredonia Avenue, Fredonia, Wisconsin 1. Trustee Abegglen called the meeting to order at 7:00 PM, followed by the Pledge of Allegiance. 2. Members Present: Chairman Abegglen, President Lenz, Trustee Franck Staff Present: Administrator Jenkins, Treasurer Upson, Director Paulus, Chief Weyker, Clerk Johnson 3. Public Comments: None 4. Motion to Approve Minutes of Tuesday, July 17th, 2025 Finance Committee Meeting made by President Lenz. Seconded by Trustee Franck. Passed by unanimous voice vote. 5. Presentations a) Administrator Jenkins gave a line-by-line presentation of the 2026 DRAFT Budget. He detailed each fund’s revenues and expenses. He stated there was a very small increase to the levy due to net new construction and anticipated a small drop in the mill rate. He highlighted an increase in state shared revenues, and a decrease in interest earned on debt proceeds. He reviewed audit and assessment costs, increased election cost due to the biennial cycle, and approved FGC maintenance items. In Public Safety, body cameras, slated for purchase in 2025, were pushed to 2026 to accommodate the purchase of new service weapons due to a recall. Street maintenance continues to be a priority, with a 5% increase annually. The new Parks Lead, Simon Bares, created a one-year plan that prioritizes projects to meet the budget’s parks allocation. Administrator Jenkins continues to bulk up the contingency fund. He shared there are two changes to the CIP: the brine tank will be purchased with funds that remain in the 2025 Salt line item and the brush chipper was switched with the reconstruction of the Fillmore St lot to provide for a more competitive borrowing rate in 2026. There will be no borrowing in 2027, except for the potential WWTP upgrade. He shared the Village paid down existing debt in 2025, which will be replaced by new debt, leading to little VILLAGE OF FREDONIA Find Your Moments Here increase in general obligation debt. Treasurer Upson is ensuring that each individual fund has a zero-ending fund balance. There is an outstanding balance in the Fire Fund, which the Chief has requested to be used towards paying down the lease on the pumper truck. Chairman Abegglen asked if the increase to payroll and insurance in the fire fund are anticipating a new hire. Treasurer Upson stated the increase is due to a more accurate split of insurance and payroll. Trustee Franck asked if the budget reflects full staffing. Chief Weyker said it does. Chairman Abegglen asked Chief Weyker if the tweaks to his budget were too difficult to digest easily. Chief Weyker said paying down the pumper truck leaves breathing room in his budget. Administrator Jenkins reviewed the Paramedic budget, reminding the Committee that it had already been approved by the Joint Fire/EMS Advisory Committee. He said the fund balance in TID #3 was spent down on infrastructure. He shared that, even though the Village Board raised water rates by 3% this year, there is only a $7,000 contingency after all revenues and expenses are considered. Administrator Jenkins urged the Committee to continue consideration of the simplified rate increases when available. Trustee Franck expressed concern and stated that continued investment on road and utility maintenance will alleviate water main breaks. The Lab Fund continues to generate a profit. Administrator Jenkins stated if the Village were to hire a future part-time, or even fill-time, DPW staff member, it would be utilizing these dollars. The Sewer fund has a healthy contingency build up with the increase of rates, that can help purchase more needed capital items with cash instead of borrowing. 6. Items for Discussion and/or Action: a) Discussion and Possible Recommendation to the Village Board of Trustees on 2026 Draft Budget. Motion to Recommend Approval to the Village Board of Trustees of the 2026 Draft Budget made by Trustee Franck. Seconded by President Lenz. Passed by unanimous voice vote. b) Discussion and Possible Action on 2026-2028 Fire Protection Contract with the Waubeka Fire Department. Administrator Jenkins shared this agreement between the Waubeka Fire Corporation and the Village of Fredonia which contracts with the Village’s Fire Department to provide coverage to parts of Waubeka along Highway 57. Both he and Chief Weyker expressed concern that the annual increase of 1.5%, which has been the contracted increase since 2020, does not keep up with inflationary costs. Administrator Jenkins said the Draft Budget has a 3% annual increase for this contract. The Committee asked Chief Weyker for a percentage of calls that his team responds to and the cost of those calls to the Village. The Committee directed Chief Weyker to diligently track calls and costs and provide guidance to the Village Board for an increase for the 2029 contract. In the meantime, they directed Chief to negotiate further with Waubeka. 7. Correspondence: None 8. Items for future consideration by Finance Committee: none 9. Motion to Adjourn made by President Lenz. Seconded by Trustee Franck. Approved unanimously. 2027 % Change 2026 - 6mo 2026 2025 Actual 1,100,965$ 101% 1,093,217$ 1,093,217$ 1,091,353$ 61,600$ 110% 56,000$ 60,000$ 54,032$ 104$ 133% 78$ 104$ 95$ -$ 0% -$ -$ 98,262$ 1,162,669$ 101% 1,149,295$ 1,153,321$ 1,243,742$ 2027 % Change 2026 - 6mo 2026 2025 Actual -$ 0% -$ -$ -$ -$ 0% 7,513$ -$ -$ -$ 0% 7,513$ -$ -$ 2027 % Change 2026 - 6mo 2026 2025 Actual 286,299$ 102% 280,411$ 280,411$ 271,191$ 144,737$ 115% 125,858$ 125,858$ 109,442$ 6,700$ 100% 6,700$ 6,700$ 6,690$ -$ 0% -$ -$ 640$ -$ 0% -$ -$ 2$ -$ 0% -$ -$ -$ 1,606$ 100% 1,606$ 1,606$ 1,606$ 5,059$ 100% 5,059$ 5,059$ 5,059$ 12,105$ 100% 12,105$ 12,105$ 12,105$ 456,506$ 106% 431,738$ 431,738$ 406,734$ 2027 % Change 2026 - 6mo 2026 2025 Actual 2,850$ 100% 2,850$ 2,600$ 2,598$ 600$ 100% 600$ 600$ 600$ 400$ 100% 400$ -$ 184$ 900$ 100% 900$ 500$ 692$ 50,000$ 125% 40,000$ 20,000$ 22,357$ 1,000$ 100% 1,000$ 500$ 825$ 250$ 102% 245$ 200$ 405$ (15,000)$ 762% (1,968)$ -$ -$ 1,500$ 100% 1,500$ 500$ 250$ 100$ 100% 100$ 100$ 266$ 100$ 100% 100$ 75$ 75$ 16,000$ 100% 16,000$ 20,000$ 16,910$ 58,700$ 95% 61,727$ 45,075$ 45,162$ 2027 % Change 2026 - 6mo 2026 2025 Actual 2,500$ 100% 2,500$ 4,000$ 2,394$ 750$ 100% 750$ -$ -$ TOTAL LICENSES & PERMITS FINES, FORFEITURES, & PENALTIES Account Number Fines & Forfeitures 100-00-45110-000-000 Charges for Services 100-00-45150-000-000 Fredonia First Program 100-00-44399-000-000 Zoning Fees 100-00-44400-000-000 Sign 100-00-44410-000-000 Cigarette Licenses 100-00-44412-000-000 Franchise Fees 100-00-44900-000-000 Other/Misc 100-00-44120-000-000 Dog Licenses 100-00-44220-000-000 Construction & Building 100-00-44300-000-000 Erosion Control 100-00-44310-000-000 Driveway 100-00-44320-000-000 Personal Property Aid 100-00-43660-000-000 TOTAL INTGOV REV LICENSES & PERMITS Account Number Liquor 100-00-44110-000-000 Operator 100-00-44111-000-000 State Aid - Police Training 100-00-43520-000-000 Other State Payments 100-00-43600-000-000 ARPA Local Recovery Funds 100-00-43610-000-000 Computer Aid 100-00-43630-000-000 Video Service Fee 100-00-43650-000-000 TOTAL SPECIAL ASSESSMENTS INTERGOVERNMENTAL REV Account Number State Shared Revenues 100-00-43410-000-000 Local Trans Aid Grant 100-00-43430-000-000 Recycling Grant 100-00-43440-000-000 Other Taxes Omitted 100-00-41190-000-000 TOTAL GEN PROP TAX SPECIAL ASSESSMENTS Account Number Sidewalk Assessment 100-00-42413-000-000 Special Assessment Misc 100-00-42415-000-000 INCOME - General Fund - FUND 100 TAX ROLL Account Number Property Tax Levy 100-00-41110-000-000 Tax Equivalent from Sewer & Water 100-00-41120-000-000 Forest Crop Tax 100-00-41150-000-000 ------ 50$ 200% 25$ 500$ 3$ 3,300$ 101% 3,275$ 4,500$ 2,397$ 2027 % Change 2026 - 6mo 2026 2025 Actual 36,000$ 106% 34,000$ 34,000$ 32,519$ 60,000$ 128% 47,000$ 65,000$ 65,486$ 125$ 100% 125$ 125$ 125$ 500$ 100% 500$ 500$ 1,050$ 5,000$ 100% 5,000$ 5,000$ 25,911$ 30,000$ N/A -$ -$ -$ -$ 0% 3,500$ -$ 93,472$ 1,000$ 29% 3,500$ 2,500$ 5,370$ -$ 0% -$ 10,000$ 4,916$ -$ 0% -$ -$ -$ 5,000$ 67% 7,500$ -$ 4,500$ (5,000)$ 495% (1,011)$ -$ -$ 132,625$ 132% 100,114$ 117,125$ 233,348$ 1,813,800$ 103% 1,753,662$ 1,751,759$ 1,931,382$ 2027 % Change 2026 - 6mo 2026 2025 Actual 12,000$ 109% 11,000$ 12,000$ 12,000$ 918$ 109% 842$ 918$ 918$ 3,000$ 100% 3,000$ 3,000$ 2,402$ 1,500$ 50% 3,000$ 4,500$ 6,594$ 15,000$ 100% 15,000$ 15,000$ 13,393$ 5,000$ 100% 5,000$ 5,000$ 9,081$ 4,000$ 100% 4,000$ 4,000$ 4,000$ 306$ 100% 306$ 306$ 306$ 192,320$ 107% 179,044$ 174,496$ 166,041$ 13,598$ 109% 12,450$ 12,450$ 19,439$ 500$ 50% 1,000$ 1,000$ -$ 13,943$ 108% 12,891$ 12,564$ 11,642$ 71,350$ 104% 68,542$ 68,542$ 49,667$ 14,712$ 107% 13,697$ 13,349$ 12,865$ 7,000$ 88% 8,000$ 8,000$ 13,162$ 1,800$ 100% 1,800$ 1,800$ 3,965$ -$ 0% 500$ -$ 1,541$ Admin Heath Insurance 100-00-51420-132-000 Admin/Clerk/Treasurer SS/Med 100-00-51420-150-000 Admin Office Supplies 100-00-51420-310-000 Publications 100-00-51420-320-000 Admin Other Supplies 100-00-51420-390-000 Village President SS/Med 100-00-51410-150-000 Admin/Clerk/Treasurer Wages 100-00-51420-120-000 Audit & Bookkeeping 100-00-51420-125-000 Admin Mileage/Clothing/Misc 100-00-51420-130-000 Admin/Clerk/Treasurer WRS 100-00-51420-131-000 Assoc, Dues and Conv 100-00-51100-320-000 Village Board Expenses 100-00-51100-390-000 Legal Fees 100-00-51300-210-000 Engineering Services 100-00-51310-210-000 Village President Wages 100-00-51410-120-000 TOTAL GENERAL FUND EXPENSE - General Fund - FUND 100 EXPENSES GENERAL GOVERNMENT ACCOUNT NUMBER Village Board Wages 100-00-51100-120-000 Village Board SS/Med 100-00-51100-150-000 Recreational Revenues 100-00-48615-000-000 Insurance Dividends 100-00-48610-000-000 Parks Impact Fee 100-00-48620-000-000 Fredonia First Program 100-00-48629-000-000 TOTAL MISC Park Rental Fees 100-00-48211-000-000 Sales of Equipment 100-00-48320-000-000 Sales of Property 100-00-48330-000-000 Grants/Gifts 100-00-48500-000-000 Misc Income 100-00-48600-000-000 TOTAL FINES & CHARGES MISCELLANEOUS Account Number Town Reimbursement 100-00-47310-000-000 Interest 100-00-48110-000-000 Rental Income 100-00-48210-000-000 Charges for Services-Copies,Etc 100-00-46911-000-000 ------ I I 2,250$ 50% 4,500$ 4,500$ 1,850$ 172$ 50% 344$ 344$ 35$ 2,000$ 50% 4,000$ 4,000$ 3,104$ 8,100$ 100% 8,100$ 8,100$ 9,228$ -$ 0% - $ -$ 43$ 2,585$ 100% 2,585$ 2,585$ 3,148$ 2,000$ 77% 2,600$ 2,000$ 2,382$ 376$ 100% 376$ 376$ 698$ 800$ 133% 600$ 423$ 559$ 5,000$ 83% 6,000$ 6,000$ 7,576$ 1,000$ 100% 1,000$ 1,000$ 843$ 16,000$ 84% 19,000$ 15,650$ 14,726$ 3,946$ 93% 4,247$ 4,040$ 4,270$ 302$ 93% 325$ 309$ 324$ 13,267$ 103% 12,881$ 9,462$ 10,542$ 2,006$ 41% 4,892$ 6,892$ 7,074$ 2,000$ 100% 2,000$ 2,000$ 1,859$ 418,752$ 101% 413,521 $ 404,606$ 395,278$ 2027 % Change 2026 - 6mo 2026 2025 Actual 50,000$ 100% 50,000$ 60,000$ 61,075$ 1,500$ 100% 1,500$ 1,500$ 880$ 3,825$ 100% 3,825$ 4,590$ 4,896$ 500$ 100% 500$ 500$ 686$ 1,300$ 100% 1,300$ 1,300$ 1,011$ 2,000$ 100% 2,000$ 2,000$ 2,781$ 4,000$ 100% 4,000$ 4,000$ 11,351$ 9,000$ 80% 11,200$ 11,200$ 14,562$ 987$ 391% 252$ 1,010$ 724$ 75$ 391% 19$ 77$ 53$ 2,960$ 150% 1,976$ 3,030$ 2,965$ 226$ 150% 151$ 232$ 222$ 174,661$ 103% 169,574$ 169,574$ 164,635$ 15,000$ 83% 18,000$ 5,000$ 7,203$ -$ 0% 219$ 383$ 498$ 100$ N/A -$ 100$ - $ 266,134$ 101% 264,517 $ 264,496$ 273,540$ 2027 % Change 2026 - 6mo 2026 2025 Actual 9,886$ 100% 9,860$ 30,303$ 11,464$ 756$ 100% 754$ 2,318$ 843$ PUBLIC WORKS ACCOUNT NUMBER Hwy Equipment Wages 100-00-53240-120-000 Hwy Equipment Wages - SS/Med 100-00-53240-150-000 Hydrant Rental 100-00-52210-000-000 Inspection 100-00-52400-120-000 Inspection Med/SS 100-00-52400-150-000 Inspection Expenses 100-00-52400-390-000 TOTAL PUBLIC SAFETY Marshals Supplies/Expenses 100-00-52100-390-000 Marshal Maintenance 100-00-52110-120-000 Marshal Maintenance - SS/Med 100-00-52110-150-000 FD Maintenance 100-00-52200-120-000 FD Maintenance - SS/Med 100-00-52200-150-000 Marshal Med/SS 100-00-52100-150-000 Marshal Water/Sewer 100-00-52100-222-000 Marshal Gas 100-00-52100-223-000 Marshals Office Supplies 100-00-52100-310-000 Marshals Repair/Maintenance 100-00-52100-350-000 Admin/Clerk/Treasurer Life Insurance 100-00-51940-000-000 TOTAL GENERAL GOVERNMENT PUBLIC SAFETY ACCOUNT NUMBER Marshal Wages 100-00-52100-120-000 Marshal Training/Uniforms 100-00-52100-130-000 Technology Equipment 100-00-51600-400-000 Fredonia Gov Wages 100-00-51610-120-000 Fredonia Gov Wages - SS/Med 100-00-51610-150-000 Municipal Insurance 100-00-51930-000-000 Workers Comp 100-00-51931-000-000 Hall Phone 100-00-51600-221-000 Hall Water/Sewer 100-00-51600-222-000 Hall Gas 100-00-51600-223-000 Hall Maintenance 100-00-51600-350-000 Hall Supplies/Expenses 100-00-51600-390-000 Election Inspectors Wages 100-00-51440-120-000 Election Insp SS/Med 100-00-51440-150-000 Election Expenses 100-00-51440-390-000 Assessment/Assessor Contract 100-00-51530-210-000 Hall Electric 100-00-51600-220-000 Assessment/Other Supplies 100-00-51530-390-000 20,000$ 67% 30,000$ 20,000$ 42,587$ 5,000$ 100% 5,000$ 5,000$ 19,690$ 12,000$ 100% 12,000$ 12,000$ 17,748$ 21,724$ 94% 23,085$ 28,282$ 25,407$ 2,500$ 100% 2,500$ 2,500$ 2,605$ 1,662$ 94% 1,766$ 2,164$ 1,979$ 2,750$ 100% 2,750$ 2,750$ 2,775$ 1,500$ 100% 1,500$ 1,500$ 1,645$ 1,600$ 123% 1,300$ 1,600$ 2,628$ 4,500$ 100% 4,500$ 4,500$ 3,972$ 10,000$ 100% 10,000$ 10,000$ 10,000$ 77,030$ 96% 80,187$ 56,565$ 61,765$ 13,545$ 104% 12,989$ 12,367$ 12,656$ 47,152$ 79% 59,798$ 58,370$ 58,002$ 5,893$ 96% 6,134$ 4,327$ 4,876$ 40,000$ 76% 52,500$ 52,500$ 51,538$ 5,000$ 83% 6,000$ 6,000$ 9,608$ 5,000$ 100% 5,000$ 5,000$ 6,267$ 25,670$ 99% 25,965$ 20,202$ 19,289$ 1,964$ 99% 1,986$ 1,545$ 1,724$ 12,000$ 75% 16,000$ 15,000$ 11,949$ 56,000$ 100% 56,000$ 56,000$ 58,311$ 1,973$ 85% 2,313$ 2,020$ 3,669$ 151$ 85% 177$ 155$ 276$ 68,000$ 97% 70,000$ 3,000$ 5,283$ 98,207$ 104% 94,430$ 94,430$ 98,333$ -$ 0% - $ 1,010$ 6,355$ -$ 0% - $ 77$ 472$ 30,417$ 104% 29,247$ 29,247$ 28,534$ 103$ 15% 694$ 4,040$ 2,861$ 8$ 15% 53$ 309$ 208$ 9,886$ 106% 9,356$ 8,081$ 5,879$ 756$ 106% 716$ 618$ 435$ 592,632$ 93% 634,562 $ 553,780$ 591,632$ 2027 % Change 2026 - 6mo 2026 2025 Actual 49,387$ 98% 50,564$ 40,403$ 55,035$ 3,778$ 98% 3,868$ 3,091$ 4,141$ 2,750$ 92% 3,000$ 3,000$ 2,829$ 1,250$ 125% 1,000$ 1,000$ 1,544$ Parks - Electric 100-00-55200-220-000 Parks - Water/Sewer 100-00-55200-222-000 Branch Chipping Wages - SS/Med 100-00-53623-150-000 TOTAL PUBLIC WORKS PARKS ACCOUNT NUMBER Parks Wages 100-00-55200-120-000 Parks Wages - SS/Med 100-00-55200-150-000 Recycling Wages - SS/Med 100-00-53621-150-000 Recycling Contract 100-00-53621-290-000 Compost Wages 100-00-53622-120-000 Compost Wages - SS/Med 100-00-53622-150-000 Branch Chipping Wages 100-00-53623-120-000 Storm Sewer Wages 100-00-53440-120-000 Storm Sewer Wages -SS/Med 100-00-53440-150-000 Storm Sewer Expenses 100-00-53440-390-000 Garbage Contract 100-00-53620-290-000 Recycling Wages 100-00-53621-120-000 Sidewalk Maintenance 100-00-53300-380-000 Snow Wages 100-00-53310-120-000 Snow Wages - SS/Med 100-00-53310-150-000 Snow Salt 100-00-53310-390-000 Street Lighting 100-00-53420-220-000 Crew WRS 100-00-53300-131-000 DPW Health Insurance 100-00-53300-132-000 Streets Wages - SS/Med 100-00-53300-150-000 Street Maintenance 100-00-53300-350-000 Street Maint Supplies & Expenses 100-00-53300-390-000 Shop Phone 100-00-53270-221-000 Shop Water/Sewer 100-00-53270-222-000 Shop Gas 100-00-53270-223-000 Shop Maintenance 100-00-53270-350-000 Streets Wages 100-00-53300-120-000 PW Fuel 100-00-53240-351-000 Bldgs & Grounds Wages 100-00-53270-120-000 Clothing Allowance 100-00-53270-130-000 Bldgs & Grounds Wages - SS/Med 100-00-53270-150-000 Shop Electric 100-00-53270-220-000 Equipment Maintenance 100-00-53240-350-000 Equipment Replacement - Small Capital 100-00-53240-350-100 22,969$ 62% 37,000$ 37,000$ 42,613$ -$ 0% - $ -$ 120$ -$ 0% - $ -$ -$ 1,973$ 112% 1,766$ 2,020$ 3,133$ 151$ 112% 135$ 155$ 238$ 1,000$ 100% 1,000$ 1,000$ 611$ -$ 0% - $ 25,000$ 18,212$ -$ 0% - $ -$ 20$ 83,258$ 85% 98,333 $ 112,669$ 128,496$ 2027 % Change 2026 - 6mo 2026 2025 Actual 2,500$ 100% 2,500$ 2,500$ 1,030$ -$ 0% - $ -$ -$ -$ 0% - $ -$ -$ 2,500$ 100% 2,500 $ 2,500$ 1,030$ 2027 % Change 2026 - 6mo 2026 2025 Actual 30,000$ N/A - $ 155,566$ - $ 118,000$ 205% 57,429$ 101,000$ 93,500$ 160,810$ 76% 212,448$ 157,143$ 171,891$ 141,714$ N/A -$ -$ 189,800$ -$ N/A 95,472$ -$ -$ -$ N/A -$ -$ 8,001$ 450,524$ 123% 365,349$ 413,709$ 463,193$ 1,813,799$ 102% 1,778,782 $ 1,751,760$ 1,853,169$ 0$ (25,120) $ (1) $ 78,212.74$ TOTAL GENERAL GOVERNMENT General Fund P - L XFER TO RESERVE - "CONTINGENCY" 100-00-59220-000-000 XFER TO CIP - CAPITAL PROJECTS 100-00-59250-000-000 XFER TO FIRE - FIRE DEPT STIPEND 100-00-59300-000-000 Supplies/Exp Misc 100-00-59900-390-000 TOTAL TRANSFERS XFER TO PARA - PARAMEDIC STIPEND TBC Xfer to Parks & Rec Fund TBC Economic Development/Marketing 100-00-56700-000-000 Economic Dev - Supplies/Exp 100-00-56700-390-000 Economic Dev - Engineering 100-00-56700-400-000 TOTAL CONSERVATION & DEVELOPMENT FUND TRANSFERS ACCOUNT NUMBER Forestry Wages - SS/Med 100-00-55201-150-000 Forestry Repair/Maintenance 100-00-55201-350-000 Supplies Summer Recreation 100-00-55210-350-000 TOTAL PARKS CONSERVATION & DEVELOPMENT ACCOUNT NUMBER Village Events 100-00-55210-000-000 Parks Repair/Maintenance 100-00-55200-350-000 Parks Other/Tree Light 100-00-55200-390-000 Forestry Wages 100-00-55201-120-000 Parks & Recreation Other 100-00-55200-390-000 2027 % Change 2026 - 6mo 2026 2025 Actual -$ 0% 57,429$ 101,000$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ 18,000$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ 22,000$ -$ -$ 0% -$ -$ 5,850$ -$ 0% 2,570$ -$ 34,926$ -$ 0% -$ -$ -$ -$ 0% 572,700$ 720,000$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ 93,500$ 118,000$ N/A -$ -$ -$ 118,000$ 19% 632,699$ 843,000$ 152,276$ 2027 % Change 2026 - 6mo 2026 2025 Actual -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ 26,571$ -$ 0% -$ -$ 67,464$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ N/A 380,978$ 452,000$ -$ -$ 0% -$ -$ 16,787$ -$ 0% -$ -$ -$ -$ 0% -$ -$ 198,217$ 118,000$ 57% 205,300$ 235,000$ 263,020$ -$ 0% -$ -$ 33,308$ Street & Hwy Cptl Equipment 110-00-53300-810-000 Street & Hwy Cptl Improvements 110-00-53300-820-000 Engineering Cap Improvements 110-00-53400-820-000 Highway Equipment & Machines 110-00-53240-810-000 Bldgs & Grounds Equipment 110-00-53270-810-000 Bldgs & Grounds Improvements 110-00-53270-820-000 Fire Equipment 110-00-52200-810-000 Fire Improvements 110-00-52200-820-000 Ambulance Equipment 110-00-52300-810-000 Village Hall Improvements 110-00-51600-820-000 Police Equipment 110-00-52100-810-000 Police Improvements 110-00-52100-820-000 Village Board Equipment 110-00-51100-810-000 Election Equipment 110-00-51440-810-000 Village Hall Equipment 110-00-51600-810-000 TOTAL CAPITAL PROJECTS EXPENSE - Capital Projects - FUND 110 CAPITAL PROJECTS Account Number Proceeds from Long Term Debt 110-00-49215-000-000 Premium on Long-term Debt Transfer from Reserve Acct Transfer from General Fund 110-00-49250-000-000 110-00-49150-000-000 110-00-49215-000-000 Sale of Property 110-00-48612-000-000 Misc Income 110-00-49100-000-000 Misc Reimbursement 110-00-49150-000-000 Park Grants 110-00-43610-000-000 ARPA Local Recovery Funds 110-00-48110-000-000 Interest 110-00-48600-000-000 Sidewalk Assessments 110-00-42413-000-000 Intergovernmental Revenues 110-00-43000-000-000 State Hwy Aid - LRIP 110-00-43450-000-000 INCOME - Capital Projects - FUND 110 Capital Projects Account Number Local Tax Cap Projects 110-00-41110-000-000------ ------ -$ 0% 24,000$ - $ -$ -$ 0% 18,171$ 16,000$ 194,648$ -$ N/A - $ -$ -$ -$ 0% 4,250$ - $ -$ -$ N/A - $ 140,000$ - $ 118,000$ 19% 632,699 $ 843,000$ 800,015$ -$ Transfr to Water - Capital Proj 110-00-59923-000-000 TOTAL CAPITAL PROJECTS CAPITAL DEPT P - L Parks Equipment 110-00-55200-810-000 Parks Capital Improvements 110-00-55200-820-000 Issuance Costs 110-00-58200-620-000 Storm Sewer Cap Improvements 110-00-53440-820-000 2027 % Change 2026 - 6mo 2026 2025 Actual -$ 0% 300$ -$ -$ -$ 0% 65,000$ -$ -$ -$ N/A -$ -$ -$ 10,000.00$ 100% 10,000$ -$ -$ -$ 0% 95,472$ -$ -$ -$ N/A -$ -$ -$ 10,000.00$ 6% 170,472$ -$ -$ 2027 % Change 2026 - 6mo 2026 2025 Actual 10,000$ 100% 10,000$ -$ -$ -$ N/A -$ -$ -$ -$ N/A -$ -$ -$ -$ 0% 160,472$ -$ -$ 10,000$ 6% 170,472$ -$ -$ -$ DEBT SERVICE P - L Supplies/Expenses Misc 242-00-59900-390-000 Addition to Fund Bal Reserves 242-00-59990-000-000 TOTAL DEBT SERVICE DEBT SERVICE Account Number Village Events 242-00-55210-000-000 Transfer Out 242-00-59240-000-000 Use of Fund Balance 242-00-49990-000-000 TOTAL DEBT SERVICE EXPENSE - Parks & Recreation - FUND 242 Miscellaneous Income 242-00-48600-000-000 Recreation Revenues 242-00-48615-000-000 Transfer In 242-00-49200-000-000 INCOME - Parks & Recreation - FUND 242 Debt Service Account Number Gifts and Grants 242-00-48500-000-000 Interest Income 242-00-48100-000-000------ ------ 2027 % Change 2026 - 6mo 2026 2025 Actual 266,400$ 102% 260,768$ 260,768$ 260,745$ -$ 0% -$ -$ -$ 24,040$ N/A -$ -$ -$ 290,440$ 111% 260,768$ 260,768$ 260,745$ 2027 % Change 2026 - 6mo 2026 2025 Actual 179,107$ 98% 182,320$ 182,320$ 295,540$ 111,333$ 142% 78,448$ 78,448$ 112,569$ -$ 0% -$ -$ 850$ -$ 0% -$ -$ -$ -$ N/A 210,212$ -$ -$ 290,440$ 62% 470,980$ 260,768$ 408,959$ 0$ Transfer Out 300-00-59999-000-000 TOTAL DEBT SERVICE DEBT SERVICE P - L Interest on Debt 300-00-58200-620-000 Debt Issurance Costs 300-00-58300-000-000 Refunding Payment 300-00-59100-000-000 EXPENSE - Debt Service - FUND 300 DEBT SERVICE Account Number Principal on Debt* 300-00-58100-610-000 Premium on Debt 300-00-49150-000-000 Use of Fund Balance 300-00-49990-000-000 TOTAL DEBT SERVICE INCOME - Debt Service - FUND 300 Debt Service Account Number Revenues - Local Tax Levy 300-00-41110-000-000------ ------ 2027 % Change 2026 - 6mo 2026 2025 Actual -$ 0% -$ -$ 70,691$ 13,580$ 100% 13,580$ 10,991$ 10,991$ -$ 0% -$ -$ 62,169$ 7,777$ 103% 7,550$ 7,550$ 7,330$ -$ 0% -$ -$ -$ -$ N/A 202,171$ 202,171$ -$ 10,000$ 125% 8,000$ 10,000$ 7,128$ -$ 0% -$ -$ 825$ 6,000$ 100% 6,000$ 6,000$ 4,800$ 21,900$ 100% 21,900$ 21,900$ 21,600$ 180,000$ 117% 154,000$ 200,000$ 139,666$ -$ 0% -$ -$ -$ 160,810$ 76% 212,448$ 157,143$ 171,891$ -$ 0% -$ -$ -$ 400,067$ 64% 625,649$ 615,755$ 497,091$ 2027 % Change 2026 - 6mo 2026 2025 Actual 23,000$ 100% 23,000$ 23,000$ 25,440$ 17,000$ 100% 17,000$ 17,000$ 28,879$ 9,300$ 89% 10,500$ 10,500$ 8,205$ 1,000$ 100% 1,000$ 3,000$ 4,187$ 8,000$ 100% 8,000$ 8,000$ 5,321$ 14,083$ 103% 13,673$ 13,673$ 7,976$ 697$ 41% 1,700$ -$ 3,764$ 1,300$ 52% 2,500$ 2,500$ 2,761$ 12,000$ 100% 12,000$ 12,000$ 13,500$ 1,500$ 100% 1,500$ 1,500$ 2,338$ 15,000$ 88% 17,000$ 17,000$ 1,033$ 45,000$ 100% 45,000$ 45,000$ 50,482$ 3,443$ 100% 3,443$ 3,443$ 3,862$ 1,000$ 10% 10,000$ 1,000$ 14,073$ 16,000$ 105% 15,190$ 16,000$ 16,936$ Volunteer SS/Med 350-00-52230-304-100 Miscellaneous 350-00-52230-306-000 Service Award Program (SAP) 350-00-52230-308-000 Water/Sewer 350-00-52230-302-300 Electric 350-00-52230-302-400 Office Supplies 350-00-52230-303-000 Uniforms 350-00-52230-303-500 Volunteer Wages 350-00-52230-304-000 Building Maintenance 350-00-52220-207-000 Fuel (Gas/Diesel) 350-00-52230-302-000 Gas (Natural) 350-00-52230-302-100 Insurance 350-00-52230-302-200 Workers Comp 350-00-52230-302-250 TOTAL FIRE DEPT EXPENSE - Fire - FUND 350 FIRE DEPARTMENT Account Number Maintenance - Trucks 350-00-52220-202-000 Equip Repair/Maintenance 350-00-52220-203-000 Village of Belgium Contract 350-00-49155-000-000 Ambulance Income - Fees 350-00-49160-000-000 Ambulance Income - Misc 350-00-49170-000-000 Transfer In from Gen Fund 350-00-49200-000-000 Transfer In from Capital Projects 350-00-49215-000-000 Saukville Contract 350-00-46210-000-000 Misc Revenues 350-00-48000-000-000 Interest 350-00-48100-000-000 Gifts & Grants 350-00-48500-000-000 Town of Belgium Contract 350-00-49150-000-000 INCOME - Fire Dept - FUND 350 FIRE DEPT Account Number Intergovernmental Revenues 350-00-43000-000-000 Fire 2% Dues 350-00-43420-000-000 Waubeka Contract 350-00-46200-000-000 State Aid - Ambulance 350-00-43530-000-000 ------ ------ 13,500$ 104% 13,000$ 13,000$ 3,172$ 1,103$ N/A - $ -$ -$ 1,500$ 75% 2,000$ 2,000$ 1,000$ 115$ 75% 153$ 153$ 77$ 3,500$ 100% 3,500 $ 3,500$ 2,547$ 8,840$ 100% 8,840$ 8,840$ 8,936$ 672$ 99% 676$ 672$ 684$ 57,930$ 99% 58,774$ 58,774$ 46,923$ 4,200$ 99% 4,232$ 4,232$ 4,102$ 29,729$ 104% 28,559$ 28,559$ 29,335$ 4,432$ 99% 4,496$ 4,496$ 4,138$ 7,500$ 100% 7,500 $ 7,500$ 4,837$ 500$ 100% 500 $ 500$ -$ 1,000$ 100% 1,000 $ 1,000$ - $ 3,400$ 100% 3,400 $ 3,400$ 3,236$ 3,500$ 100% 3,500 $ 3,500$ 3,538$ -$ N/A 202,171$ 202,171$ - $ -$ 0% - $ -$ -$ -$ 0% - $ -$ -$ 5,760$ 109% 5,280$ 5,280$ 4,498$ 6,000$ 100% 6,000 $ 4,000$ 6,352$ 150$ 100% 150 $ 150$ 151$ -$ 0% - $ -$ 34$ 1,913$ 100% 1,913$ 1,913$ 1,883$ 25,000$ 100% 25,000 $ 25,000$ 24,615$ 27,000$ 64% 42,000$ 42,000$ 5,280$ 18,000$ 120% 15,000$ 15,000$ 27,155$ 2,000$ 100% 2,000 $ 2,000$ 1,305$ 4,500$ 100% 4,500 $ 4,500$ 1,731$ -$ 0% - $ -$ -$ 400,066$ 64% 625,650 $ 615,755$ 374,285$ 0$ Ambulance Training 350-00-52280-813-000 Ambulance Capital Expense 350-00-52290-906-000 TOTAL FIRE DEPT FIRE DEPT P - L Ambulance SS/Med 350-00-52280-803-600 Ambulance Wages 350-00-52280-804-000 Ambulance Billing Service 350-00-52280-805-000 Ambulance Med Supplies 350-00-52280-809-000 Ambulance Fuel 350-00-52280-812-000 Capital - Turn Out Gear 350-00-52270-707-000 Ambulance Utilities 350-00-52280-801-000 Ambulance Office Supplies 350-00-52280-802-000 Ambulance STD 350-00-52280-803-000 Amulance Pension 350-00-52280-803-500 Training - Travel 350-00-52250-502-000 Training - Supplies 350-00-52250-503-000 Food/Drink 350-00-52260-601-000 Annual Banquet 350-00-52260-604-000 Capital - Communications 350-00-52270-702-000 Capital - Pumper Truck Lease 350-00-52270-701-000 AEMT Salaries 350-00-52241-120-000 AEMT WRS 350-00-52241-131-000 AEMT Insurance 350-00-52241-132-000 AEMT SS/Med 350-00-52241-150-000 Training/Education 350-00-52250-501-000 Inspection Wages 350-00-52240-401-000 Inspection SS/Med 350-00-52240-401-100 Inspection Supplies 350-00-52240-402-000 Chief Salary 350-00-52240-403-000 Fire Chief - SS/Med 350-00-52240-403-100 Non-Capital Small Equipment 350-00-52230-309-000 Audit Fees 350-00-52230-311-000 2027 % Change 2026 - 6mo 2026 2025 Actual 425,828$ 94% 453,605$ 417,910$ -$ 36,000$ 106% 34,000$ 36,000$ 60,900$ -$ N/A -$ -$ -$ -$ N/A 8,000$ 8,000$ 7,499$ 1,000$ 100% 1,000$ 12,000$ 8,645$ -$ N/A -$ -$ -$ -$ N/A -$ -$ 189,800$ -$ N/A -$ -$ -$ -$ 0% 27,700$ 27,700$ -$ 462,828$ 88% 524,305$ 501,610$ 266,844$ 2027 % Change 2026 - 6mo 2026 2025 Actual 5,740$ 41% 14,000$ 14,000$ 8,108$ 289,622$ 104% 277,775$ 306,795$ 164,378$ 8,840$ 100% 8,840$ 8,840$ 8,936$ 672$ 99% 676$ 672$ 684$ 2,000$ 100% 2,000$ 2,000$ 6,898$ 789$ 103% 766$ 766$ 447$ 339$ 104% 326$ 326$ 190$ 1,500$ 100% 1,500$ 1,500$ 1,812$ 1,000$ 33% 3,000$ 3,000$ 1,189$ 22,156$ 104% 21,250$ 23,470$ 12,047$ 8,000$ 100% 8,000$ 8,000$ 5,868$ 12,000$ 100% 12,000 $ 12,000$ 6,972$ 2,000$ 29% 7,000$ 2,000$ 1,178$ 840$ 0% 35,780$ 97% 36,961$ 32,564$ 22,236$ 71,550$ 100% 71,398$ 85,677$ 56,472$ -$ N/A -$ -$ -$ -$ N/A -$ -$ 101,705$ -$ N/A -$ -$ -$ 462,828$ 99% 465,491$ 501,610$ 399,119$ (0)$ PARAMEDIC P - L Paramedic Capital 351-00-58100-820-000 Paramedic Vehicle Capital 351-00-58100-901-000 TOTAL PARAMEDIC Para - WRS 351-00-52300-803-500 Para - Health Insurance 351-00-52300-803-600 Paramedic - Training 351-00-52300-813-000 Para - Medical Supplies 351-00-52300-301-000 Para Technology 351-00-52300-306-000 Para - Audit Fees 351-00-52300-307-000 Para - Fuel 351-00-52300-147-000 Para - SS/Med 351-00-52300-150-000 Para - Billing Service 351-00-52300-160-000 Para - Gen Liability 351-00-52300-140-000 Para - Vehicle Insurance 351-000-52300-141-000 Para - Vehicle Maintenance 351-00-52300-145-000 Para - Chief Salary 351-00-52300-122-000 Para - Chief SS/Med 351-00-52300-123-000 Para - Uniforms 351-00-52300-130-000 PARAMEDIC Account Number Para - Workers Comp 351-00-52300-000-000 Para - Wages 351-00-52300-120-000 Fund Balance 351-00-34100-000-000 TOTAL PARAMEDIC EXPENSE - Paramedic - FUND 351 Gift & Grant Funding 351-00-43420-500-000 Transfer In from Reserves 351-00-11320-000-000 Transfer In from Capital Projects TBC Paramedic Income - Fees 351-00-43420-100-000 Paramedic Income - Misc 351-00-43420-200-000 Interest 351-00-48110-000-000 Interest - VOF 351-00-48100-000-000 INCOME - Paramedic - FUND 351 PARAMEDIC Account Number Intergovernmental Revenues 351-00-43420-000-000------ ------ 2027 % Change 2026 - 6mo 2026 2025 Actual 131,010$ 113% 116,150$ 125,000$ 121,174$ 35,064$ 100% 35,064$ 35,064$ 35,064$ 20,000$ 154% 13,000$ 25,000$ 44,692$ -$ 0% 207,370$ -$ -$ -$ 0% 13,000$ -$ 1,350$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% 210,212$ -$ -$ 238,434$ 342% 69,764$ 184,048$ 0% -$ 11,711$ -$ 424,508$ 64% 664,560$ 380,823$ 202,280$ 2027 % Change 2026 - 6mo 2026 2025 Actual -$ 0% -$ -$ 172$ 1,785$ 112% 1,600$ 1,600$ 4,123$ -$ 0% 1,075$ -$ 43,258$ -$ 0% 71,300$ -$ 924,975$ -$ 0% -$ -$ -$ 221,947$ 131% 169,372$ 169,372$ 61,896$ -$ 0% -$ -$ -$ 200,776$ 96% 209,851$ 209,851$ 297,009$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% 150$ -$ 150$ 424,508$ 94% 453,348$ 380,823$ 1,331,583$ -$ TOTAL CAPITAL PROJECTS CAPITAL DEPT P - L Debt Issuance Costs 400-00-58300-000-000 Cost of Defeasement 400-00-58500-000-000 Supplies/Expenses Misc 400-00-59900-390-000 Interest on Long Term Debt 400-00-58200-620-000 Paying Agent Fees 400-00-58210-000-000 Debt Discount Costs 400-00-58215-000-000 Storm Water 400-00-53400-820-000 Prinicipal on Long Term Debt 400-00-58100-810-000 Debt Issuance Costs 400-00-58200-000-000 Special Accounting & Auditing 400-00-51510-210-000 Hwy & Street Engineering 400-00-53100-210-000 Capital Improvement Streets 400-00-53300-820-000 EXPENSE - TID #3 - FUND 400 CAPITAL PROJECTS Account Number Legal Counseling 400-00-51510-210-000 Transfer In Use of Fund Balance Debt Issuance Credits TBC TOTAL CAPITAL PROJECTS Miscellaneous Income 400-00-48600-000-000 Proceeds from Long Term Debt 400-00-49100-000-000 Premium on Long Term Debt 400-00-49150-000-000 Personal Property Aid - TID TBC Interest on Investments 400-00-48110-000-000 Lot Sales 400-00-48309-000-000 INCOME - TID #3 - FUND 400 Capital Projects Account Number Revenues - Local Tax Levy 400-00-41110-000-000------ ------ LAB 2027 % Change 2026 - 6mo 2026 2025 Actual Taxes -$ 0% -$ -$ -$ Misc Revenues -$ 0% -$ -$ 170$ Municipal Revenues 65,116$ 100% 65,000$ 55,000$ 53,231$ Residential Revenues 200$ 100% 200$ 200$ 180$ Commercial Revenues 19,000$ 100% 19,000$ 11,000$ 14,974$ Contractor Revenues -$ 0% -$ -$ -$ Village Utility Revenues 18,000$ 101% 17,793$ -$ -$ Transfer In -$ 0% -$ -$ -$ TOTAL LAB 102,316$ 100% 101,993$ 66,200$ 68,554$ LAB 2027 % Change 2026 - 6mo 2026 2025 Actual Lab Chemicals -$ 0% 6,000$ 6,000$ 3,544$ Lab Supplies & Chemicals 35,000$ 130% 27,000$ 27,000$ 29,887$ Lab Certifications 2,500$ 91% 2,750$ 2,750$ 4,452$ Lab Equipment 3,000$ N/A 3,000$ 3,000$ 3,067$ Lab Fund Balance -$ 0% 26,288$ 24,000$ -$ Lab Salary 26,115$ 1299% 2,011$ 1,824$ -$ Lab SS/Med 1,998$ 198% 1,011$ -$ -$ Lab WRS 1,893$ 221% 857$ -$ -$ Lab Health Insurance 7,770$ 23% 33,075$ 1,626$ -$ Fund Transfer Out 24,040$ N/A -$ -$ -$ TOTAL LAB 102,316$ 100% 101,993$ 66,200$ 40,950$ LAB P-L 0$ 630-00-54140-000-815 630-00-59990-000-000 630-00-54120-000-930 630-00-54130-000-935 630-00-54140-000-800 630-00-54140-000-805 630-00-54140-000-810 TBC EXPENSE - Laboratory - FUND 630 Account Number 630-00-54100-000-630 630-00-54110-000-827 630-00-48616-000-000 630-00-48617-000-000 630-00-48618-000-000 630-00-48619-000-000 630-00-49200-000-000 INCOME - Laboratory - FUND 630 Account Number 630-00-41000-000-000 630-00-48600-000-000 630-00-48615-000-000 ------ ------ Cash Flow WATER UTILITY 2027 % Change 2026 - 6mo 2026 2025 Actual Special Assessments 0% -$ -$ -$ Residential 189,052$ 103% 183,546$ 183,546$ 176,114$ Multifamily Residential 18,128$ 103% 17,600$ 16,686$ 17,945$ Hydrant Rental Income 174,661$ 103% 169,574$ 169,574$ 164,635$ Public Authority 10,609$ 103% 10,300$ 10,300$ 7,063$ Commercial 13,792$ 103% 13,390$ 13,390$ 12,645$ Industrial 23,690$ 103% 23,000$ 20,000$ 21,046$ Penalties 2,000$ 100% 2,000$ 2,000$ 1,818$ Other Revenues 10,000$ 71% 14,000$ 2,000$ 7,754$ Interest 50,000$ 83% 60,000$ 50,000$ 22,697$ Water Tower Rent -$ 0% 5,808$ -$ 17,228$ Miscellaneous Income 5,000$ 100% 5,000$ 2,000$ 50,000$ Contributions by Developers -$ 0% -$ -$ -$ Contributions by Customers -$ 0% -$ -$ -$ Transfer In -$ N/A -$ 140,000$ -$ Debt Proceeds -$ 0% 119,900$ -$ -$ Sale of Fixed Assets -$ 0% -$ -$ -$ Debt Issuance Credits -$ 0% -$ -$ -$ Applied Surplus -$ 0% -$ -$ -$ TOTAL WATER 496,932$ 80% 624,118$ 609,496$ 498,945$ *3% Simplified Rate Increase through PSC WATER UTILITY 2027 % Change 2026 - 6mo 2026 2025 Actual Xfer to Reserve - Contingency 41,135$ 92% 44,733$ -$ -$ Water Utility SS/Med 8,445$ 99% 8,525$ 3,872$ 6,773$ Tax Equivalent 0% 52,778$ Wages - Water Utility 86,353$ 97% 89,064$ 43,064$ 73,790$ Power for Pumping 24,000$ 126% 19,000$ 11,548$ 22,994$ Chemicals for Water 8,000$ 80% 10,000$ 3,918$ 5,315$ Supplies 20,000$ 67% 30,000$ 29,644$ 20,725$ 600-00-53700-000-640 600-00-53700-000-408 600-00-53700-000-409 600-00-53700-000-600 600-00-53700-000-620 600-00-53700-000-630 600-00-49700-000-000 EXPENSE - Water Utility - FUND 600 Account Number 600-00-48602-000-421 600-00-49200-000-000 600-00-29100-000-000 600-00-49400-000-000 TBC 600-00-46450-000-474 600-00-48100-000-419 600-00-48200-000-000 600-00-48600-000-421 600-00-48601-000-421 600-00-46450-000-463 600-00-46450-000-464 600-00-46450-000-465 600-00-46450-000-466 600-00-46450-000-470 INCOME - Water Utility - FUND 600 Account Number 600-00-42415-000-000 600-00-46450-000-461 600-00-46450-000-462 ------ ------ Repairs 50,000$ 71% 70,000$ 39,417$ 72,743$ Vehicle Maint & Expenses 2,000$ 100% 2,000$ 1,395$ 2,598$ Billing/Accounting 8,511$ 140% 6,100$ 6,150$ - $ Water Wages - Admin/C/T 24,040$ 107% 22,381$ 9,793$ 21,895$ Office Supplies 2,600 $ 100% 2,600$ 1,904$ 2,498$ Contractual Services 20,000$ 50% 40,000$ 23,412$ 48,066$ Grounds Maintenance 5,000$ 100% 5,000$ 4,610$ 1,188$ Insurance 3,822$ 103% 3,711$ 3,993$ 2,165$ Pump Utilities - $ 0% -$ -$ -$ Water - Employee Insurance/WRS 38,427$ 85% 45,035$ 18,061$ 31,876$ Work Comp Insurance 2,050$ 41% 5,000$ 2,925$ 2,896$ Regulatory Comm Expense 300$ 100% 300$ 146$ 704$ Misc 1,000$ N/A -$ -$ -$ Small Capital (Meters) 12,000$ 44% 27,000$ 27,398$ 13,611$ Capital Projects (Water) -$ 0% 119,900$ 104,576$ 32,949$ Water Certification 1,500$ 203% 740$ 739$ 50$ Pension 0% 236$ Depreciation Exp-Contribution 0% -$ Debt - Principal 69,734$ 149% 46,943$ 46,943$ - $ Debt - Interest 32,877$ 126% 26,087$ 13,729$ 29,555$ Depreciation Expense 0% 121,257$ Transfers Out - $ 0% -$ -$ -$ TOTAL WATER UTILITY 461,794$ 74% 624,118 $ 397,237$ 566,660$ WATER UTILITY EXCESS/DEFICIT 35,138$ (0) $ 212,259$ (67,715)$ 600-00-53700-100-403 600-00-59000-000-000 600-00-53700-000-930 600-00-53700-000-999 600-00-53700-100-403 600-00-58100-000-430 600-00-58200-000-430 600-00-53700-000-686 600-00-53700-000-687 600-00-53700-000-688 600-00-53700-000-689 600-00-53700-000-910 600-00-53700-000-682 600-00-53700-000-683 600-00-53700-000-670 600-00-53700-000-684 600-00-53700-000-685 600-00-53700-000-650 600-00-53700-000-660 600-00-53700-000-680 600-00-53700-000-681 Financial Statements WATER UTILITY 2027 % Change 2026 - 6mo 2026 2025 Actual Special Assessments 0% -$ -$ -$ Residential 189,052$ 103% 183,546$ 183,546$ 176,114$ Multifamily Residential 18,128$ 103% 17,600$ 16,686$ 17,945$ Hydrant Rental Income 174,661$ 103% 169,574$ 169,574$ 164,635$ Public Authority 10,609$ 103% 10,300$ 10,300$ 7,063$ Commercial 13,792$ 103% 13,390$ 13,390$ 12,645$ Industrial 23,690$ 103% 23,000$ 20,000$ 21,046$ Penalties 2,000$ 100% 2,000$ 2,000$ 1,818$ Other Revenues 10,000$ 71% 14,000$ 2,000$ 7,754$ Interest 50,000$ 83% 60,000$ 50,000$ 22,697$ Water Tower Rent -$ 0% 5,808$ -$ 17,228$ Miscellaneous Income 5,000$ 100% 5,000$ 2,000$ 50,000$ Contributions by Developers -$ 0% -$ -$ -$ Contributions by Customers -$ 0% -$ -$ -$ Transfer In -$ N/A -$ 140,000$ -$ Debt Proceeds -$ 0% -$ -$ -$ Sale of Fixed Assets -$ 0% -$ -$ -$ Debt Issuance Credits -$ 0% -$ -$ -$ Applied Surplus -$ 0% -$ -$ -$ TOTAL WATER 496,932$ 99% 504,218$ 609,496$ 498,945$ *3% Simplified Rate Increase through PSC WATER UTILITY 2027 % Change 2026 - 6mo 2026 2025 Actual Xfer to Reserve - Contingency 0% 7,921$ Water Utility SS/Med 8,445$ 99% 8,525$ 6,049$ 6,773$ Tax Equivalent 60,000$ 110% 54,400$ 60,000$ 52,778$ Wages - Water Utility 86,353$ 97% 89,064$ 57,256$ 73,790$ Power for Pumping 24,000$ 126% 19,000$ 19,000$ 22,994$ Chemicals for Water 8,000$ 80% 10,000$ 10,000$ 5,315$ Supplies 20,000$ 67% 30,000$ 22,000$ 20,725$ 600-00-53700-000-640 600-00-53700-000-630 600-00-49400-000-000 TBC 600-00-49700-000-000 EXPENSE - Water Utility - FUND 600 Account Number 600-00-53700-000-408 600-00-53700-000-409 600-00-53700-000-600 600-00-53700-000-620 600-00-29100-000-000 600-00-46450-000-464 600-00-46450-000-465 600-00-46450-000-466 600-00-46450-000-470 600-00-46450-000-474 600-00-48100-000-419 600-00-48200-000-000 600-00-48600-000-421 600-00-48601-000-421 600-00-48602-000-421 600-00-49200-000-000 600-00-46450-000-463 INCOME - Water Utility - FUND 600 Account Number 600-00-42415-000-000 600-00-46450-000-461 600-00-46450-000-462 ------ ------ Repairs 50,000$ 71% 70,000$ 70,000$ 72,743$ Vehicle Maint & Expenses 2,000$ 100% 2,000$ 2,000$ 2,598$ Billing/Accounting 8,511$ 140% 6,100$ 6,100$ - $ Water Wages - Admin/C/T 24,040$ 107% 22,381$ 21,812$ 21,895$ Office Supplies 2,600 $ 100% 2,600$ 2,600$ 2,498$ Contractual Services 20,000$ 50% 40,000$ 40,000$ 48,066$ Grounds Maintenance 5,000$ 100% 5,000$ 2,000$ 1,188$ Insurance 3,822$ 103% 3,711$ 3,711$ 2,165$ Pump Utilities - $ 0% -$ -$ -$ Water - Employee Insurance/WRS 38,427$ 85% 45,035$ 33,717$ 31,876$ Work Comp Insurance 2,050$ 41% 5,000$ 5,000$ 2,896$ Regulatory Comm Expense 300$ 100% 300$ 300$ 704$ Misc 1,000$ N/A -$ -$ -$ Small Capital (Meters) 12,000$ N/A 27,000$ 27,000$ 13,611$ Capital Projects (Water) -$ 0% -$ 140,000$ 32,949$ Water Certification 1,500$ 203% 740$ - $ 50$ Pension 240 $ 100% 240$ - $ 236$ Depreciation Exp-Contribution -$ 0% -$ -$ -$ Debt - Principal 0% 46,943$ Debt - Interest 32,877$ 126% 26,087$ 26,087$ 29,555$ Depreciation Expense 125,000$ 100% 125,000$ - $ 121,257$ Transfers Out - $ 0% -$ -$ -$ TOTAL WATER UTILITY 536,166$ 91% 592,182 $ 609,496$ 566,660$ WATER UTILITY P-L (39,234)$ (87,964) $ 0 $ (67,715)$ 600-00-58100-000-430 600-00-58200-000-430 600-00-53700-100-403 600-00-59000-000-000 600-00-53700-100-403 600-00-53700-000-683 600-00-53700-000-670 600-00-53700-000-684 600-00-53700-000-685 600-00-53700-000-686 600-00-53700-000-687 600-00-53700-000-682 600-00-53700-000-688 600-00-53700-000-689 600-00-53700-000-910 600-00-53700-000-930 600-00-53700-000-999 600-00-53700-000-650 600-00-53700-000-660 600-00-53700-000-680 600-00-53700-000-681 Cash Flow 2027 % Change 2026 - 6mo 2026 2025 Actual -$ 0% 17,987$ -$ 18,888$ 893,750$ 125% 715,000$ 711,000$ 571,535$ 80,625$ 125% 64,500$ 64,500$ 49,323$ 67,500$ 125% 54,000$ 54,000$ 41,632$ 116,250$ 125% 93,000$ 87,500$ 71,872$ 5,000$ 100% 5,000$ 5,000$ 5,003$ 5,000$ 50% 10,000$ 5,000$ 22,996$ 15,000$ 176% 8,500$ 8,000$ 7,040$ (5,000)$ 247% (2,022)$ -$ -$ 18,000$ 60% 30,000$ 18,000$ 22,176$ 36,000$ 138% 26,000$ 36,000$ 31,427$ -$ 0% -$ 25,746$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ 6,200,000$ 4817% 128,700$ 210,000$ -$ -$ 0% -$ -$ 6,913$ -$ 0% -$ -$ -$ -$ 0% 350,000$ -$ -$ 7,432,125$ 495% 1,500,665$ 1,224,746$ 829,916$ 2027 % Change 2026 - 6mo 2026 2025 Actual 87,875$ N/A -$ 79,583$ -$ 0% -$ 10,295$ 104% 9,916$ 11,782$ 8,655$ N/A 1,600$ 110,539$ 103% 107,241$ 132,268$ 104,370$ 55,000$ 157% 35,000$ 35,000$ 48,724$ 56,000$ 160% 35,000$ 35,000$ 40,560$ 14,000$ 100% 14,000$ 28,000$ 26,193$ 14,000$ 93% 15,000$ 15,000$ 26,515$ Bio-Solids Disposal 660-00-53610-000-825 Chemicals & Supplies 660-00-53610-000-826 Other Operating Expenses 660-00-53610-000-827 Depreciation Expense Sewer SS/Med 660-00-53610-000-408 Tax Equivalent 660-00-53610-000-409 Wages - Sewer Utility 660-00-53610-000-820 Fuel & Power 660-00-53610-000-821 660-00-53610-000-403 Applied Surplus/Use of Fund Balance 660-00-49700-000-000 TOTAL SEWER UTILITY EXPENSE - Sewer Utility - FUND 660 SEWER UTILITY Account Number Xfer to Reserve - Contingency Transfer In 660-00-49200-000-000 Use of WWTP Replacement Funds 660-00-49240-000-000 Use of Debt Funds 660-00-49250-000-000 Sale of Fixed Assets 660-00-46400-000-000 Debt Issuance Credits 660-00-46411-000-635 Fredonia First 660-00-46411-000-635 Public Authority 660-00-47341-000-629 Interest 660-00-48100-000-419 Interest Rate Subsidy 660-00-48100-000-421 Contributions by Developers 660-00-48601-000-421 Commercial 660-00-46410-000-627 Industrial 660-00-46410-000-628 Penalties 660-00-46410-000-631 Misc Revenues 660-00-46410-000-635 Hookup Fees 660-00-46411-000-635 INCOME - Sewer Utility - FUND 660 SEWER UTILITY Account Number Intergovernmental Revenues 660-00-43000-000-000 Residential 660-00-46410-000-622 Multifamily Residential 660-00-46410-000-623 ------ ------ 1,500$ 100% 1,500$ 1,000$ 1,538$ 10,000$ 67% 15,000$ 15,000$ 15,906$ 5,000$ 100% 5,000$ 5,000$ 7,002$ 8,000$ 80% 10,000$ 10,000$ 9,648$ 12,000$ 75% 16,000$ 16,000$ 13,184$ 4,961$ 110% 4,500$ 4,500$ 4,516$ 24,040$ 107% 22,381$ 21,812$ 21,895$ 3,120$ 104% 3,000$ 3,000$ 4,478$ 100,000$ 29% 350,000$ 150,000$ 137,767$ 15,450$ 103% 15,000$ 5,302$ 7,738$ 55,025$ 96% 57,196$ 66,900$ 50,888$ 3,055$ 41% 7,450$ 7,450$ 4,343$ 3,000$ 100% 3,000$ 2,000$ 3,278$ 174,437$ 107% 162,431$ 162,431$ - $ 6,300,000$ 2639% 238,700$ 320,000$ (5,950)$ 0% -$ 99,330$ 103% 96,120$ 96,120$ 88,774$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ 7,166,626$ 586% 1,223,434$ 1,224,746$ 620,024$ 265,499$ 277,231 $ (0) $ 209,892$ Transfers Out 660-00-60000-000-000 TOTAL SEWER UTILITY SEWER UTILITY EXCESS/DEFICIT Miscellaneous 660-00-53610-000-856 Debt - Principal 660-00-53610-000-890 Capital Projects (Sewer) 660-00-53610-000-900 Debt - Interest 660-00-58200-000-427 Issuance Costs 660-00-58200-000-427 Pension 660-00-53610-000-999 Office Expenses 660-00-53610-000-851 Outside Services 660-00-53610-000-852 Insurance 660-00-53610-000-853 Sewer - Employee Insurance/WRS 660-00-53610-000-854 Workers Comp 660-00-53610-000-855 Maintenance- Pumps 660-00-53610-000-832 Maintenance- WWTP Equipment 660-00-53610-000-833 Maintenance- Buildings/Grounds 660-00-53610-000-834 Billing/Accounting 660-00-53610-000-840 Wages - Admin/C/T 660-00-53610-000-850 Vehicle Maint & Expenses 660-00-53610-000-828 Maintenance- Collection System 660-00-53610-000-831 Financial Statements 2027 % Change 2026 - 6mo 2026 2025 Actual -$ 0% 17,987$ -$ 18,888$ 893,750$ 125% 715,000$ 711,000$ 571,535$ 80,625$ 125% 64,500$ 64,500$ 49,323$ 67,500$ 125% 54,000$ 54,000$ 41,632$ 116,250$ 125% 93,000$ 87,500$ 71,872$ 5,000$ 100% 5,000$ 5,000$ 5,003$ 5,000$ 50% 10,000$ 5,000$ 22,996$ 15,000$ 176% 8,500$ 8,000$ 7,040$ (5,000)$ 247% (2,022)$ -$ -$ 18,000$ 60% 30,000$ 18,000$ 22,176$ 36,000$ 138% 26,000$ 36,000$ 31,427$ -$ 0% -$ 25,746$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ 0% 210,000$ -$ -$ 0% -$ -$ 6,913$ -$ 0% -$ -$ -$ -$ 0% 350,000$ -$ -$ 1,232,125$ 90% 1,371,965$ 1,224,746$ 829,916$ 2027 % Change 2026 - 6mo 2026 2025 Actual N/A 365,000$ N/A 365,000$ -$ 355,756$ 10,295$ 104% 9,916$ 11,782$ 8,655$ 1,600$ N/A -$ 1,600$ 1,254$ 110,539$ 103% 107,241$ 132,268$ 104,370$ 55,000$ 157% 35,000$ 35,000$ 48,724$ 56,000$ 160% 35,000$ 35,000$ 40,560$ 14,000$ 100% 14,000$ 28,000$ 26,193$ 14,000$ 93% 15,000$ 15,000$ 26,515$ INCOME - Sewer Utility - FUND 660 SEWER UTILITY Account Number Intergovernmental Revenues 660-00-43000-000-000 Residential 660-00-46410-000-622 Penalties 660-00-46410-000-631 Misc Revenues 660-00-46410-000-635 Hookup Fees 660-00-46411-000-635 Multifamily Residential 660-00-46410-000-623 Commercial 660-00-46410-000-627 Industrial 660-00-46410-000-628 Interest Rate Subsidy 660-00-48100-000-421 Contributions by Developers 660-00-48601-000-421 Transfer In 660-00-49200-000-000 Fredonia First 660-00-46411-000-635 Public Authority 660-00-47341-000-629 Interest 660-00-48100-000-419 Debt Issuance Credits 660-00-46411-000-635 Applied Surplus/Use of Fund Balance 660-00-49700-000-000 TOTAL SEWER UTILITY Use of WWTP Replacement Funds 660-00-49240-000-000 Use of Debt Funds 660-00-49250-000-000 Sale of Fixed Assets 660-00-46400-000-000 Sewer SS/Med 660-00-53610-000-408 Tax Equivalent 660-00-53610-000-409 Wages - Sewer Utility 660-00-53610-000-820 EXPENSE - Sewer Utility - FUND 660 SEWER UTILITY Account Number Xfer to Reserve - Contingency Depreciation Expense 660-00-53610-000-403 Other Operating Expenses 660-00-53610-000-827 Fuel & Power 660-00-53610-000-821 Bio-Solids Disposal 660-00-53610-000-825 Chemicals & Supplies 660-00-53610-000-826 ------ 1,500$ 100% 1,500$ 1,000$ 1,538$ 10,000$ 67% 15,000$ 15,000$ 15,906$ 5,000$ 100% 5,000$ 5,000$ 7,002$ 8,000$ 80% 10,000$ 10,000$ 9,648$ 12,000$ 75% 16,000$ 16,000$ 13,184$ 4,961$ 110% 4,500$ 4,500$ 4,516$ 24,040$ 107% 22,381$ 21,812$ 21,895$ 3,120$ 104% 3,000$ 3,000$ 4,478$ 100,000$ 29% 350,000$ 150,000$ 137,767$ 15,450$ 103% 15,000$ 5,302$ 7,738$ 55,025$ 96% 57,196$ 66,900$ 50,888$ 3,055$ 41% 7,450$ 7,450$ 4,343$ 3,000$ 100% 3,000$ 2,000$ 3,278$ 0% 162,431$ 0% 320,000$ (5,950)$ 450$ 100% 450$ - $ 445$ 99,330$ 103% 96,120$ 96,120$ 88,774$ -$ 0% -$ -$ -$ -$ 0% -$ -$ -$ 971,364$ 82% 1,187,753$ 1,145,163$ 977,479$ 260,761$ 184,212 $ 79,583$ (147,563)$ Vehicle Maint & Expenses 660-00-53610-000-828 Maintenance- Collection System 660-00-53610-000-831 Billing/Accounting 660-00-53610-000-840 Wages - Admin/C/T 660-00-53610-000-850 Office Expenses 660-00-53610-000-851 Maintenance- Pumps 660-00-53610-000-832 Maintenance- WWTP Equipment 660-00-53610-000-833 Maintenance- Buildings/Grounds 660-00-53610-000-834 Workers Comp 660-00-53610-000-855 Miscellaneous 660-00-53610-000-856 Debt - Principal 660-00-53610-000-890 Outside Services 660-00-53610-000-852 Insurance 660-00-53610-000-853 Sewer - Employee Insurance/WRS 660-00-53610-000-854 SEWER UTILITY P-L Issuance Costs 660-00-58200-000-427 Transfers Out 660-00-60000-000-000 TOTAL SEWER UTILITY Capital Projects (Sewer) 660-00-53610-000-900 Pension 660-00-53610-000-999 Debt - Interest 660-00-58200-000-427 PO Box 159 242 Fredonia Avenue Fredonia, Wi 53021 Phone: 262-692-9125 Administrator: Christophe Jenkins admin@fredoniawi.gov Clerk: Michelle T. Johnson clerk@fredoniawi.gov Treasurer: Julie Upson treasurer@fredoniawi.gov Water Rate Study Requested Investment: $9,500-$10,000 in FY2027 Village should analyze historical financial data and project future operating, capital, and debt-service needs to determine the rates necessary to maintain the financial sustainability of the Water Utility. The resulting rate study would then be submitted to the Public Service Commission of Wisconsin (PSC) for review and approval. To assist with this effort, the Village solicited proposals from two experienced firms with knowledge of municipal utility finance: our auditors, CliftonLarsonAllen LLP (CLA), and our financial advisors, Ehlers. Both firms provided proposals outlining their respective approaches to completing a water rate study. Based on the proposals received, CLA estimated the cost of the study at $9,500–$10,500, while Ehlers provided a proposal of $16,000. Staff recommends selecting CLA to complete the water rate study based on its lower estimated cost and its existing familiarity with the Village’s financial and utility information. CLA’s existing knowledge of the Village’s financial records should also provide efficiencies as the study is developed. Staff recommend that the Finance Committee recommend approval by the Village Board to retain CliftonLarsonAllen LLP to conduct the water rate study. Completing the study will provide the Village with a sound financial basis for future water rates and assist with utility planning, budgeting, and capital needs over the next several years. Julie Upson Village Treasurer VILLAGE OF FREDONIA Find Your Moments Here BUILDING COMMUNITIES. IT’S WHAT WE DO. September 30, 2026 Proposal to Provide a Water Rate Study to the: Village of Fredonia, WI Prepared by: Ehlers N19W24400 Riverwood Drive, Suite 100 Waukesha, WI 53188 Advisors: Brian Roemer Senior Municipal Advisor Paul Boening Associate Municipal Advisor Peter Curtin Senior Fiscal Consultant ~EHLERS - PUBLIC FINANCE ADVISORS Village of Fredonia, WI Page 1 2027 WRS Proposal Ehlers Transmittal Letter Re: Proposal to Provide a Water Rate Study to the Village of Fredonia We are pleased to present this proposal to the Village of Fredonia. We believe our expertise and reputation, our dedication to proactive client service, and our unique project approach provide a compelling relationship option for the Village to consider. For more than 60 years, Ehlers has helped its municipal clients build strong and vibrant communities through its municipal advisory services. The following qualitative factors separates us from competing firms: Expertise . Ehlers has staff dedicated to the specialized work of completing utility rate studies. We serve clients across Wisconsin and throughout the upper Midwest. In the last five years (8/1/20 21-7/31/26), our firm has completed over 100 utility rate studies and 78 conventional rate case applications to the Wisconsin Public Service Commission (PSC). Process. Our process is designed to facilitate effective decision-making. Our rate studies are completed in phases with the first phase being a Long-Range Cash Flow Analysis. To our knowledge, our competitors cannot complete an analysis to the level of detail we strive for due to their lack of Municipal Advisor designation, or do not complete this vital step. The analysis will provide decision makers with the framework for options on how to fund ongoing and future financial obligations. In addition, we evaluate and educate the ways to navigate Conventional Rate Cases to their individual utility needs and not simply following the PSC math. Client-First Values . Ehlers prides itself on transparent communication, proactive service, and an unwavering dedication to deploying client resources most efficiently and effectively. At the core, we will provide the Village with ongoing dialogue and idea-sharing, independent analysis, customized water rate options, and a competitive, value-oriented fee structure. Our team will be led by Brian Roemer and supported by Paul Boening and Peter Curtin. Thank you for including us in this process. We appreciate your consideration and look forward to discussing how Ehlers can best serve the Village of Fredonia. Respectfully submitted, Brian Roemer Senior Municipal Advisor broemer@ehlers-inc.com 262-796-6178 Paul Boening Associate Municipal Advisor pboening@ehlers-inc.com 262-796-6199 Peter Curtin Senior Fiscal Consultant pcurtin@ehlers-inc.com 262-796-6187 FINANCIAL MANAGEMENT PLANNING ----------- , ~ Village of Fredonia, WI Page 2 2027 WRS Proposal Ehlers Scope of Service - Water Utility Rate Study The project team proposes to undertake the following steps for the Water utility. Our approach is flexible and has proven to deliver the information, recommendations, and facilitated discussions essential to setting utility rates with confidence and accuracy. Ehlers proposes and agrees to provide the following scope of services for the water utility rate study (“Study”): Phase I – Information Request, Review, and Long-Range Cash Flow Analysis • Under this phase we will assess the need for a Conventional Rate Case with the PSC using a long-range cash flow analysis. This analysis will make projections on future operation expenses, future capital funding, and identify future rate increases. • Prepare a cash flow analysis for the next 10 years, including the test year and beyond. The analysis will include: o Calculation of the return on net investment rate base (ROI) adequate to finance the appropriate share of debt service, equipment replacement and capital outlay expenses. o Benchmarking of key financial metrics that the PSC, rating agencies, and prospective lenders analyze. o Capital planning and debt schedules with corresponding coverage requirements. • This phase includes a meeting with the Village Board or other designated meeting to present the outcome of the Long -Range Cash Flow Analysis before starting the application. • In order to complete this phase , Ehlers will need to r equest and review the following: o Capital planning documents identifying estimated costs for future water projects o Annual audits for the past three years (we have on file) o 2026 Water Fund actual expenses and revenues. o 2027 Water Fund line-item budget. Phase II – Information Request, Review, and Test Year 2027 PSC Conventional Rate Case Application (as necessary) • If the governing body approves Phase 2 after review of the Phase 1 analysis, under this phase we will complete the Test Year 2027 PSC Conventional Rate Case Application , including all attachments of the application and supplementary information. • In order to complete this phase , Ehlers will need to r equest and review the following: FINANCIAL MANAGEMENT PLANNING ------------ , ~ Village of Fredonia, WI Page 3 2027 WRS Proposal Ehlers o PSC annual reports for the last three years (available on the PSC website). o Current annual debt service schedules for existing utility debt (we currently have this information). o For calendar years 2024, 2025, and 2026, d etailed water billing records showing billed water consumption by customer class and rate block and number of customers by class and meter size.  Based on the time of filing the Application, we may request a similar report for the previous twelve months to the time of filing. o Water billing records which list the 4 largest users in each customer class (i.e. residential, commercial, industrial, public authority) including the name of the customer, meter size, and total billed consumption for the largest quarter over the last 12-month period. o A water tower repainting schedule showing when the last time the tower(s) were repainted, the cost for repainting and whether the utility is on a 15 or 20-year repainting schedule. o Current number of un-metered customers within the utility, if any. o Most current depreciation schedule for all water utility assets, showing current year depreciation expense, depreciation rates, and accumulated depreciation for all water utility financed assets. o The current number of private fire protections by the size of connection, if any. o For municipal financed utility plant in service and contributed plant in service, the estimated 202 6 and 2027 asset additions, retirements and adjustments. o The current percentage allocated to the sewer utility’s portion of meter costs and assets. (Usually the depreciation of the meters is split 50/50 between water and sewer). o Estimated materials and supplies inventory for 2026 and 2027, if any. o For 2026 and 2027 (estimated) the number of feet of main and hydrants added and retired. Please classify additions and retirements as routine or major. o If employees perform work for more than one function, please explain how costs are assigned to the water utility. For example, when an employee performs work for municipal parks, sewer, water, and private lead service lines, describe how the salary and wages dollars are assigned to the regulated water utility. o Water utility credit card billing offering information (details to follow) • This phase includes a meeting with the Village Board or other designated meeting to present the outcome of the Application before filing the Application. • Ehlers will file the Application upon receiving desired recommendation to do so from the Client’s desired governing body or staff. FINANCIAL MANAGEMENT PLANNING ------------ , ~ Village of Fredonia, WI Page 4 2027 WRS Proposal Ehlers Phase III –Test Year 2027 PSC Conventional Rate Case Proceedings (as necessary) • Assist utility with Data Request Portion of proceedings • Review Revenue Requirement to check for PSC errors or omissions based on Application and Data Request(s) period. Provide disagreement correspondence as necessary • Review PSC Cost of Service Study & Rate Design • Represent the Utility at required PSC public hearing o Be present at the required telephonic public hearing and provide testimony in support of the proposed water rates for the test year on behalf of the Village. • File Rate Implementation Letter Compensation In return for the services set forth in the “Scope of Service,” Client agrees to compensate Ehlers as follows based on the following Scope of Service Events: Phase Scope of Service Event Fee I LRCFA Delivered to Client $ 5,500 II CRC Application Filed with PSC* $ 6,000 III Completion of PSC Rate Implementation Letter* $ 4,500 Total (All Phases) $ 16,000 *As necessary. Phase I may indicate the remainder of the Study is not needed at this time. In the event the Client determines not to proceed with additional Phases Ehlers will send the invoice for Phases completed. In the event Client determines not to proceed with the Study once a Phase has been authorized, but prior to that Phase’s completion, the compensation due for that Phase will be prorated to reflect the percentage of the work completed. For any service directed by Client and not covered by this, or another applicable Appendix, Ehlers & Associates will bill Client at an hourly rate that is dependent upon the task/staff required to meet Client request at no less than $175.00/hour and not to exceed $40 0.00/hour. This may include, for example, additional scenarios for the Long-Range Cash Flow Analysis. FINANCIAL MANAGEMENT PLANNING ------------ , ~ Village of Fredonia, WI Page 5 2027 WRS Proposal Ehlers Payment for Services Ehlers will invoice Client after the completion of each Scope of Service Event noted above. Our fees include our normal travel, printing, computer services, and mail/delivery charges. The invoice is due and payable upon receipt by the Client. Client Engagement If the Village finds this proposal suitable, please take the appropriate action and/or governing body approval. Please inform us of the decision and we will provide our required disclosures for signature. FINANCIAL MANAGEMENT PLANNING ------------ , ~ ©2025 CliftonLarsonAllen LLP Cost Proposal Proposal Requirements Request for proposals subject Water Rate Study Name of firm CLA (CliftonLarsonAllen LLP) Name and title of contact Bryan Grunewald, CPA, Principal Telephone 920-803-3147 Email bryan.grunewald@CLAconnect.com Confirmation Our proposal is valid for a period of 90 days. CLAconnect.com CPAS | CONSULTANTS | WEALTH ADVISORS CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer. Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor. ©2025 CliftonLarsonAllen LLP Scope of Services The following services are part of our standard operations for water rate studies: 1. (Phase 1) CLA will utilize informational resources provided by the Village as follows: - Obtain historical information and review estimated Village growth - Consumer analysis by customer class including Public and Private Fire Protection analysis - Capital Improvement Plan - Debt service with repayment schedules - Operating budgets - Annual Reports filed with the PSC & Annual Financial Report 2. (Phase 2) Perform financial sensitivity analysis on utility operations, with consideration given to capital improvement implementation, operating costs, regulatory changes and other issues that may impact financial operations. 3. (Phase 2) Review fees and any other service charges required for the Water Utility to meet current and capital plan goals and operational expenses. 4. (Phase 3) Provide a recommendations for ongoing analysis, timing and methods for future rate adjustments, taking into consideration capital plans. 5. (Throughout) CLA will attend a minimum of three meetings with the Village to provide communication, discuss findings, present options, and make decisions related to the study. 6. (Phase 3) Provide a report with recommendations for the financial forecast and data to be used for the PSC rate application process for the presentation governance. 7. (Throughout) Answer questions and perform other financial consulting tasks related to the Water Utility, as authorized by Village staff. 8. (Phase 4 & 5) CLA will develop and submit the final PSC rate application, review PSC exhibits, proposed rates and work papers, assist Village staff with responses to PSC questions, attend the rate hearing (if requested), review and advise on final PSC rate orders. ©2025 CliftonLarsonAllen LLP | 3 Proposed project schedule and staffing efforts Phases are based on the scope of services above and are noted accordingly before each service. Questions will be answered throughout the process with monthly status update calls in each phase in addition to the four meetings required; kickoff, interim, governance presentation, and rate hearing. Professional Staff Hours Time Frame Phase 1: Project Kickoff Meeting and Information Requests Engagement Principal 1 June 2027 Director 2 Phase 2: Review of Data, Rate Study Preparation, Capital Plan Strategy, Future Rate Increase Plan and Interim Meeting for Draft Review Engagement Principal 8 August 31, 2027 Director 22 Phase 3: Present Recommendations, including financial forecast Engagement Principal 4 September 2027 Director 8 Phase 4: Final PSC Rate Study Submission Engagement Principal 5 No later than October 15, 2027 Phase 5: Respond to PSC Application Questions and Rate Hearing Engagement Principal/ Director 10 To be determined by PSC Total Hours Proposed 60 ©2025 CliftonLarsonAllen LLP | 4 Similar Engagement with Other Government Entities Our firm has significant experience providing PSC rate case studies and financial analysis projects to our clients. Below is a partial listing of the clients we’ve served with similar services to your proposed project. In an effort to protect client information, we have included the public docket provided by the Public Service Commission for which can be found on the public Electronic Records Filing System (ERF) within the Public Service Commission’s website. PSC - Electronic Records Filing (ERF) Government PSC Docket # Professional Services Provided Town of Ledgeview 1615-WR-103 Water Utility Rate Case Village of Ripon 5105-WR-102 Water Utility Rate Case Village of Pulaski n/a Detailed purchased water analysis and feasibility Village of Pulaski 4890-WR-104 Water Utility Rate Case Village of DeForest 1580-WR-106 Water Utility Rate Case Village of Sister Bay n/a Sewer Rate Case Village of Hurley n/a Sewer Rate Case Town of Lawrence 3095-WR-104 Water Utility Rate Case Village of Denmark 1600-WR-103 Water Utility Rate Case Village of Denmark n/a Detailed purchased water analysis and feasibility Village of Brillion 710-WR-109 Water Utility Rate Case Village of Suamico 5795-WR-103 Water Utility Rate Case, Impact Fee Analysis, detailed purchased water analysis and feasibility, Sewer Rate Case Town of Scott 5296-WR-104 Water Utility Rate Case Village of Fox Crossing 3550-WR-106 Water Utility Rate Case ©2025 CliftonLarsonAllen LLP | 5 Your Investment Having upfront conversations builds relationships. The value we can provide your organization goes beyond meeting your compliance needs. We can help you discover opportunities to enhance your performance and achieve your strategic goals. Our insights and strategies are tailored to your specific situation and represent a return on your investment. Our fees are based on the timely delivery of services provided, the experience of personnel assigned to the engagement, and our commitment to meeting your deadlines. The charts below outline our all-inclusive fees and expenses to conduct each service for the Village as outlined in your request for proposal. The fees include all estimated out-of-pocket expenses, as well as overhead charges. Professional Services Fixed Fees* Water Rate Study $9,500- 10,500 *Like most firms, we are investing heavily in technology to enhance the client experience, protect our data environment, and deliver quality services. We believe our clients deserve clarity around our Technology and Client Support Fee, and we will continue to be transparent with our fee structure. We have included this technology fee consideration in the fee listed above. ©2025 CliftonLarsonAllen LLP | 6 Our fixed-fee quote is designed with an understanding that: • The Village personnel will provide documents and information requested in a timely fashion. • There are not significant changes to the scope • The technology and client support fee (see * above) supports our continuous investment in technology and innovation to enhance your experience and protect your data. Fee increase Our fees are based on professional standards and regulations currently in effect and barring any changes in the nature or requirements of the engagement, our annual fees will increase in accordance with the increases in our payroll and overhead costs. In addition, costs could increase due to substantial changes in your office locations, asset size and/or operational structure. If fee increases are expected outside of the ranges provided above, we would discuss with management prior to the completion of the work. No surprises Our clients don’t like fee surprises. Neither do we. If changes or complexities occur — or any "out-of-scope" work is required — we'll discuss a revised proposal with you first. It's not our policy or practice to bill our clients every time we receive a phone call or email. We’re invested in our relationships and strongly encourage intentional and frequent communication. Contact us year-round as changes or questions arise. Terms of payment Our invoices for these fees will be rendered each month as work progresses and are payable on presentation. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and will not be resumed until your account is paid in full. Our last word on fees: we’re committed to serving you and creating a long- standing relationship. If fees are a deciding factor in your selection of a professional services firm, give us a call and let’s discuss. Transparent: Clear, authentic communication and market-based fees.