Common Council Meeting — Agenda Packet

July 27, 2026 Common Council Agenda 1 City of Lake Geneva, 626 Geneva St, Lake Geneva, WI 53147-262.248.3673-www.cityoflakegeneva.gov Amended Common Council Agenda Monday, July 27, 2026 - 6:00 PM Lake Geneva City Hall; Council Chambers Members: Mayor Todd Krause, Council President Cindy Yager, Council Vice President Cathy Stoodley, Alderpersons: JaNelle Powers, Sherri Ames, Linda Frame, Mary Jo Fesenmaier, Brian Smith and Joel Hoiland 1. Call to Order 2. Pledge of Allegiance 3. Roll Call 4. Awards, Presentations, Proclamations, and Announcements 5. Reconsider business from previous meeting 6. Comments from the public as allowed by Wis. Stats. §19.84(2), limited to items on this agenda, except for public hearing items. Comments will be limited to 5 minutes 7. Acknowledgement of Correspondence 8. Review of the 2025 Annual Financial Report and Management Letter; Lauterbach & Amen, LLP 9. City Administrator's Report 10. Comptroller's Report 11. Consent Agenda-Any item listed on the consent agenda may be removed at the request of any member of the Council. The request requires no second, is not discussed, and is not voted upon. a. Approve the Regular Council Minutes from July 13, 2026 b. Approve the Special Council Minutes from July 7 & 20, 2026 c. Acceptance of the Pre-Paid Checks of $361,136.29 and Regular Checks of $561,706.39 d. Temporary Class "B" Beer / "Class B" Wine License application filed by the Lake Geneva Garden Club for the Splash, Sparkle & Bloom, a GCA Flower Show/Preview Party on August 5, 2026, at the Riviera Ballroom, Brianna Manriquez, Agent e. Massage Establishment License Renewal Application filed by Kate's Healing Hands LLC, 601 W Main St 12. Items removed from the Consent Agenda 13. Ordinances and Resolutions a. Resolution 26-R44: A resolution authorizing the receipt of the 2025 City of Lake Geneva Annual Financial Report and Management Letter Page 1 of 226 July 27, 2026 Common Council Agenda 2 b. Resolution 26-R45: A resolution rescinding the City of Lake Geneva Emergency Declaration c. Resolution 26-R46: A resolution authorizing acceptance of City owned parcel for dedication of rights-of-way, shown on the Plat of Right of Way Required for W Main Street (City of Lake Geneva) Forest St. to Grand Geneva Way WisDOT R/W Project Number 3170-09-20 14. Discussion/Action regarding the approval of the 2027 Budget Timeline 15. Discussion/Action regarding the Council meeting schedule for the month of August 2026 due to the 2026 Partisan Primary Election on Tuesday, August 11, 2026 16. Discussion/Action regarding Pay Request #2 from Asphalt Contractors, Inc. for the 2026 Street Program in an amount of $41,975.68 17. Discussion/Action regarding the Intergovernmental Agreement between the WI Department of Transportation (WisDOT) and the City of Lake Geneva for partially Local Roads Improvement Program (LRIP) funded roadway improvements on Cook Street from Main St to Geneva St 18. Motion to go into Closed Session pursuant to Wisconsin Statutes 19.85(1)(b) considering the granting or denial of a bartender’s/operator’s license for Daniel Parks and pursuant to Wisconsin Statutes 19.85(1)(e) deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session regarding: The purchase of portions of properties for the HWY 50 road construction project - 905 W Main St., 685 W Main St., 101 Wells St., 245 Country Club Dr., 148 W Main St., and 300 Peller Rd. 19. Motion to return to open session pursuant to Wisconsin Statutes 19.85 (2) and take action on any items discussed in closed session 20. Adjournment Requests from persons with disabilities, who need assistance to participate in this meeting or hearing, should be made to the City Clerk’s office in advance so the appropriate accommodations can be made. Page 2 of 226 CITY OF LAKE GENEVA, WISCONSIN MANAGEMENT LETTER FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025 626 Geneva Street Lake Geneva, Wisconsin 53147 Phone: 262.248.3673 www.cityoflakegeneva.gov Page 3 of 226 July 21, 2026 The Honorable Mayor Members of the City Council City of Lake Geneva, Wisconsin In planning and performing our audit of the financial statements of the City of Lake Geneva, Wisconsin (the City), for the year ended December 31, 2025, we considered its internal control structure in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control structure. We do not intend to imply that our audit failed to disclose commendable aspects of your system and structure. For your consideration, we herein submit our comments and suggestions which are designed to assist in effecting improvements in internal controls and procedures. Those less-significant matters, if any, which arose during the course of the audit, were reviewed with management as the audit field work progressed. The accompanying comments and recommendations are intended solely for the information and use of the City Council, management, and others within the City of Lake Geneva, Wisconsin. We will review the status of these comments during our next audit engagement. We have already discussed many of these comments and suggestions with various City personnel. We would be pleased to discuss our comments and suggestions in further detail with you at your convenience, to perform any additional study of these matters, or to review the procedures necessary to bring about desirable changes. We commend the finance department for the well prepared audit package and we appreciate the courtesy and assistance given to us by the entire City staff. LAUTERBACH & AMEN, LLP Page 4 of 226 CURRENT RECOMMENDATIONS 1. IT SECURITY AWARENESS AND MONITORING OF EMERGING RISKS Comment Recently, we have noted the increasing importance of information technology (IT) security for local governments. While we did not identify a specific security breach during our auditing procedures, we have noted increased risks to local governments in the following areas of IT security: • Ransomware and Phishing Attacks – Increasingly targeted at local governments due to limited IT staffing and valuable public data. • Multi-Factor Authentication (MFA) – This is now considered a minimum standard of protection for access to email, financial systems and remote logins. • Vendor and Third-Party Risk – Cloud service providers, software vendors, and contractors may present risks if not adequately monitored. • Data Backup and Recovery – Secure, tested backups are critical to minimize downtime and financial loss in the event of an incident. • Staff Awareness and Training – Many breaches in local governments occur due to human error; regular training and simulated testing can help reduce exposure. Recommendation We recommend that the City continue to increase awareness around IT security issues by: • Engaging in ongoing monitoring or cyber security trends affecting local governments. • Incorporating regular staff training on phishing and other social engineering tactics. • Periodically reviewing policies for password strength, MFA, and incident response. • Ensuring vendor contracts address security standards and data protection. • Testing data backup and recovery plans on at least an annual basis. By increasing awareness and preparedness, the City can reduce the likelihood of a security incident, protect sensitive constituent and financial data, and help to ensure continuity of operations. Management Response Management acknowledges this comment and will continue to monitor and strengthen IT security efforts. Page 5 of 226 PRIOR RECOMMENDATIONS 1. COMMINGLED CASH Comment Previously and during our current year-end audit procedures, we noted that the City’s commingled cash allocations between various funds resulted in significant positive and negative cash balances. There are many advantages to cash commingling, such as increasing the funds available for investment opportunities. However, the allocation process should represent accurately each funds’ percentage ownership of the cash balance. Recommendation We recommended that the City review the process for allocation of the commingled cash balances and adjust the balances as appropriate. Status This comment has not been implemented and will be repeated in the future. Management Response The City acknowledges this comment and will review the allocations of commingled cash on a regular basis. The City recognizes limitations in their current software on commingled cash journal entries and is looking into new software that will allow better transparency and adjustments of allocated balances. 2. FUNDS OVER BUDGET Comment Previously and during our current year-end audit procedures, we noted that the following funds had an excess of actual expenditures over budget for the fiscal year: Fund 2024 2025 Public Library $ 16,338 26,254 ARPA 970 — Tourism Commission 74,989 915,943 Recommendation We recommended the City investigate the causes of the funds over budget and adopt appropriate future funding measures. Status This comment has not been implemented and will be repeated in the future. Management Response The City acknowledges this comment and will work with the respective governing boards and department heads on a regular basis to monitor budgeted expenditures to actual. Page 6 of 226 PRIOR RECOMMENDATIONS - Continued 3. COLLATERALIZATION OF DEPOSITS Comment Previously and during our current year-end audit procedures, the City had bank balances that were not fully collateralized. In the prior year, the bank balances totaled $6,195,956, of which only $912,286 was insured or collateralized. The remaining balance of $5,283,670 was uncollateralized at the prior year-end. In the current year bank balances totaled $ 6,773,415, of which $ 3,317,665 was insured or collateralized. The remaining balance of $3,455,750 was uncollateralized at year-end. Recommendation Consideration should be given to having all bank deposits insured or collateralized. Status This comment has not been implemented and will be repeated in the future. Management’s Response The City acknowledges this comment and is aware of the timing issue of when tax payments are received and deposited and the transfer of those deposits into the Local Government Investment Pool for full collateralization a week later. 4. CAPITAL ASSET POLICY Comment Previously and during our current year-end audit procedures, we noted the City does not have a formal capital asset policy to provide guidance on the financial aspects and stewardship of capital assets. With respect to the financial aspects, guidance should be provided on the minimum dollar amount and minimum useful life for an item to be capitalized as a capital asset. Stewardship issues include the physical custody of capital assets. Recommendation We recommended that the City adopt a capital asset policy, which addresses both financial, and stewardship issues. As part of developing the capital asset policy, a review of the current capitalization amount and estimated useful life should be performed for both financial reporting and stewardship. The capital asset policy should also establish standard depreciation methods and useful lives to be applied to specific categories of assets. With respect to stewardship, the policy should address location of assets, tagging, physical access and security and frequency of periodic inventories. Once the policy has been established, we recommended the City undertake a complete inventory and valuation of capital assets to create detail capital asset records that are in compliance with the new policy. Additionally, as part of this process we recommended land be inventoried and valued at its estimated fair value on the date donated. Status This comment has not been implemented and will be repeated in the future. Management Response Management acknowledges this comment and will work to correct it in the coming year. Page 7 of 226 UPCOMING STANDARDS 1. GASB STATEMENT NO. 103 FINANCIAL REPORTING MODEL IMPROVEMENTS In April 2024, the Governmental Accounting Standards Board (GASB) issued Statement No. 103, Financial Reporting Model Improvements , which establishes improvements to key components of the financial reporting model to enhance effectiveness in providing information that is essential for decision making and assessing a government’s accountability. The Statement addresses application issues related to management’s discussion and analysis, unusual or infrequent items, presentation of the proprietary fund statements of revenues, expenses, and changes in fund net position, major component unit information, and budgetary comparison information. GASB Statement No. 103, Financial Reporting Model Improvements is applicable to the City’s financial statements for the year ended December 31, 2026. 2. GASB STATEMENT NO. 104 DISCLOSURE OF CERTAIN CAPITAL ASSETS In September 2024, the Governmental Accounting Standards Board (GASB) issued Statement No. 104, Disclosure of Certain Capital Assets , which provide users of government financial statements with essential information about certain types of capital assets. This statement establishes requirements for (1) Certain types of capital assets to be disclosed separately in the capital assets note disclosures, and (2) Capital assets held for sale, including additional disclosures for those capital assets. GASB Statement No. 104, Disclosure of Certain Capital Assets is applicable to the City’s financial statements for the year ended December 31, 2026. Page 8 of 226 CITY OF LAKE GENEVA, WISCONSIN ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025 626 Geneva Street Lake Geneva, Wisconsin 53147 Phone: 262.248.3673 www.cityoflakegeneva.gov Page 9 of 226 FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT 1 MANAGEMENT’S DISCUSSION AND ANALYSIS 5 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements Statement of Net Position 18 Statement of Activities 20 Fund Financial Statements Balance Sheet - Governmental Funds 22 Reconciliation of Total Governmental Fund Balance to the Statement of Net Position - Governmental Activities 24 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 26 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities - Governmental Activities 28 Statement of Net Position - Proprietary Funds 30 Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds 32 Statement of Cash Flows - Proprietary Funds 33 Statement of Fiduciary Net Position 34 Statement of Changes in Fiduciary Net Position 35 Notes to the Financial Statements 36 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Employer Contributions Wisconsin Retirement System - Last Ten Fiscal Years 75 Local Retiree Life Insurance Fund 76 Schedule of Proportionate Share of the Net Pension Liability/(Asset) Wisconsin Retirement System - Last Ten Fiscal Years 77 Notes to the Required Supplementary Information Wisconsin Retirement System 78 Schedule of Proportionate Share of the Net Pension Liability/(Asset) Local Retiree Life Insurance Fund 80 PAGE CITY OF LAKE GENEVA, WISCONSIN TABLE OF CONTENTS Page 10 of 226 FINANCIAL SECTION - Continued REQUIRED SUPPLEMENTARY INFORMATION - Continued Notes to the Required Supplementary Information Local Retiree Life Insurance Fund 81 Schedule of Changes in the Employer's Total OPEB Liability Retiree Benefit Plan 82 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual General Fund 84 Parking Meters and Lots - Special Revenue Fund 85 Lakefront Operations - Special Revenue Fund 86 OTHER SUPPLEMENTARY INFORMATION Schedule of Revenues - Budget and Actual - General Fund 91 Schedule of Expenditures - Budget and Actual - General Fund 93 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Debt Service Fund 95 Capital Improvements - Capital Projects Fund 96 Combining Balance Sheet - Nonmajor Governmental Funds 98 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds 100 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Public Library - Special Revenue Fund 102 Cemetery Operations - Special Revenue Fund 103 Tourism Commission - Special Revenue Fund 104 Impact Fees - Special Revenue Fund 105 Equipment Replacement - Capital Projects Fund 106 Cemetery Perpetual Care - Permanent Fund 107 Schedule of Revenues, Expenses, and Changes in Net Position - Budget and Actual Water Utility - Enterprise Fund 108 Sewer Utility - Enterprise Fund 109 SUPPLEMENTAL SCHEDULES Long-Term Debt Requirements General Obligation Bonds of 2022A 111 Promissory Notes of 2017 112 Promissory Notes of 2021A 113 Promissory Notes of 2021B 114 Promissory Notes of 2024 115 PAGE CITY OF LAKE GENEVA, WISCONSIN TABLE OF CONTENTS Page 11 of 226 FINANCIAL SECTION This section includes: Independent Auditor's Report Management’s Discussion and Analysis Basic Financial Statements Required Supplementary Information Other Supplementary Information Supplemental Schedules Page 12 of 226 INDEPENDENT AUDITOR'S REPORT This section includes the opinion of the City’s independent auditing firm. Page 13 of 226 INDEPENDENT AUDITOR'S REPORT July 21, 2026 The Honorable Mayor Members of the City Council City of Lake Geneva, Wisconsin Opinions We have audited the accompanying financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the City of Lake Geneva (the City), Wisconsin as of and for the year ended December 31, 2025 , and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the City of Lake Geneva, Wisconsin, as of December 31, 2025, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. 1 Page 14 of 226 City of Lake Geneva, Wisconsin July 21, 2026 Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards, we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, the budgetary comparison schedules, and supplementary pension and other post- employment benefit (OPEB) schedules , as listed in the table of contents, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 2 Page 15 of 226 City of Lake Geneva, Wisconsin July 21, 2026 Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Lake Geneva, Wisconsin ’s basic financial statements. The other supplementary information and supplemental schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the other supplementary information and supplemental schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole. LAUTERBACH & AMEN, LLP 3 Page 16 of 226 MANAGEMENT'S DISCUSSION AND ANALYSIS 4 Page 17 of 226 Our discussion and analysis of the City of Lake Geneva (the City), Wisconsin’s financial performance provides an overview of the City’s financial activities for the fiscal year ended December 31, 2025 . Please read it in conjunction with the City’s financial statements, which can be found in the basic financial statements section of this report. FINANCIAL HIGHLIGHTS • The City’s net position increased as a result of this year’s operations. Net position of the governmental activities decreased by $318,580, or 0.9 percent and net position of business-type activities increased by $4,317,814, or 11.2 percent. • During the year, government-wide revenues for the primary government totaled $35,320,325, while expenses totaled $31,321,091, resulting in an increase to net position of $3,999,234. • The City’s net position totaled $76,679,889 on December 31, 2025 , which includes $45,044,939 net investment in capital assets, $8,798,006 subject to external restrictions, and $22,836,944 unrestricted net position that may be used to meet the ongoing obligations to citizens and creditors. • The General Fund reported an increase this year of $21,339 or 0.2 percent , resulting in ending fund balance of $10,062,098. USING THIS ANNUAL REPORT This annual report consists of a series of financial statements. The Statement of Net Position and the Statement of Activities provide information about the activities of the City as a whole and present a longer-term view of the City’s finances. For governmental activities, these statements tell how these services were financed in the short term as well as what remains for future spending. Fund financial statements also report the City’s operations in more detail than the government-wide statements by providing information about the City’s most significant funds. The remaining statements provide financial information about activities for which the City acts solely as a trustee or agent for the benefit of those outside of the government. The government-wide financial statements provide readers with a broad overview of the City’s finances, in a matter similar to a private-sector business. The Statement of Net Position reports information on all of the City’s assets/deferred outflows and liabilities/ deferred inflows, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. Consideration of other nonfinancial factors, such as changes in the City’s property tax base and the condition of the City’s infrastructure, is needed to assess the overall health of the City. The Statement of Activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 5 Page 18 of 226 USING THIS ANNUAL REPORT - Continued Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, public safety, public works, health and human services, culture and recreation, and conservation and development. The business-type activities of the City include water utility and sewer utility. The City includes one separate legal entity in its report. The Downtown Lake Geneva Business Improvement District is presented as a discretely presented component unit. Although legally separate, this “component unit” is important because the City is financially accountable for it. Financial information for the component unit is reported separately from the financial information presented for the primary government itself. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating the City’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate the comparison between governmental funds and governmental activities. The City maintains thirteen individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General, Parking Meters and Lots, Lakefront Operations, Debt Service, and Capital Improvements funds, which are considered major funds. Data from the other eight governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in this report. The City adopts an annual appropriated budget for all of the governmental funds, except for the ARPA, Public Library Investment and Tax Collection Funds. A budgetary comparison statement for these funds has been provided to demonstrate compliance with this budget. CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 6 Page 19 of 226 USING THIS ANNUAL REPORT - Continued Proprietary Funds The City maintains one proprietary fund type: enterprise. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City utilizes enterprise funds to account for its waterworks and sewerage operations. Proprietary fund financial statements provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the Water Utility and Sewer Utility funds, which are considered to be major funds of the City. Fiduciary Funds Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the City’s own programs. The accounting use for fiduciary funds is much like that used for proprietary funds. Notes to the Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. Other Information In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the City’s WRS obligations, other post-employment retirement benefit obligations, and budgetary comparison schedules for the General Fund and major special revenue funds. The combining statements referred to earlier in connection with nonmajor governmental funds is presented immediately following the required supplementary information on pensions. CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 7 Page 20 of 226 GOVERNMENT-WIDE FINANCIAL ANALYSIS Net position may serve over time as a useful indicator of a government’s financial position. The following tables show that in the case of the City, assets/deferred outflows exceeded liabilities/deferred inflows by $76,679,889. Net Position Governmental Business-Type Activities Activities Totals 2025 2024 2025 2024 2025 2024 Current Assets $ 38,269,594 40,575,876 16,113,327 13,724,595 54,382,921 54,300,471 Capital Assets 35,709,209 34,679,827 28,013,468 26,101,154 63,722,677 60,780,981 Total Assets 73,978,803 75,255,703 44,126,795 39,825,749 118,105,598 115,081,452 Deferred Outflows 6,726,819 7,914,236 536,343 621,833 7,263,162 8,536,069 Total Assets/Deferred Outflows 80,705,622 83,169,939 44,663,138 40,447,582 125,368,760 123,617,521 Long-Term Liabilities 26,168,825 27,981,925 819,281 736,852 26,988,106 28,718,777 Other Liabilities 6,678,718 6,182,684 576,434 685,409 7,255,152 6,868,093 Total Liabilities 32,847,543 34,164,609 1,395,715 1,422,261 34,243,258 35,586,870 Deferred Inflows 14,138,796 14,967,467 306,817 382,529 14,445,613 15,349,996 Total Liabilities/Deferred Inflows 46,986,339 49,132,076 1,702,532 1,804,790 48,688,871 50,936,866 Net Position Net Investment in Capital Assets 17,031,471 16,634,214 28,013,468 26,101,154 45,044,939 42,735,368 Restricted 2,601,887 2,692,296 6,196,119 6,012,020 8,798,006 8,704,316 Unrestricted 14,085,925 14,711,353 8,751,019 6,529,618 22,836,944 21,240,971 Total Net Position 33,719,283 34,037,863 42,960,606 38,642,792 76,679,889 72,680,655 A large portion of the City’s net position, $45,044,939 or 58.7 percent, reflects its investment in capital assets (for example, land, construction in progress, land improvements, buildings and improvements, machinery and equipment, and infrastructure), less any related debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. An additional portion, $8,798,006 or 11.5 percent, of the City’s net position represents resources that are subject to external restrictions on how they may be used. The remaining 29.8 percent , or $22,836,944, represents unrestricted net position and may be used to meet the government’s ongoing obligations to citizens and creditors. CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 8 Page 21 of 226 GOVERNMENT-WIDE FINANCIAL ANALYSIS - Continued Changes in Net Position Governmental Business-Type Activities Activities Totals 2025 2024 2025 2024 2025 2024 Revenues Program Revenues Charges for Services $ 10,656,534 9,299,297 5,607,178 4,351,390 16,263,712 13,650,687 Operating Grants/Contributions 307,841 247,463 — — 307,841 247,463 Capital Grants/Contributions 871,321 813,491 2,186,232 1,701,236 3,057,553 2,514,727 General Revenues Property Taxes 10,121,676 9,587,461 — — 10,121,676 9,587,461 Other Taxes 2,529,421 2,330,447 — — 2,529,421 2,330,447 State Shared Revenue 456,778 351,218 — — 456,778 351,218 General Aid 247,619 41,648 — — 247,619 41,648 Investment Income 1,162,915 1,339,634 562,665 642,449 1,725,580 1,982,083 Miscellaneous 610,145 843,610 — — 610,145 843,610 Total Revenues 26,964,250 24,854,269 8,356,075 6,695,075 35,320,325 31,549,344 Expenses General Government 3,578,507 2,507,125 — — 3,578,507 2,507,125 Public Safety 11,761,735 10,414,262 — — 11,761,735 10,414,262 Public Works 5,554,151 5,184,924 — — 5,554,151 5,184,924 Health and Human Services 882,005 1,205,854 — — 882,005 1,205,854 Culture and Recreation 2,932,802 1,919,665 — — 2,932,802 1,919,665 Conservation and Development 2,230,666 1,343,682 — — 2,230,666 1,343,682 Interest on Long-Term Debt 660,648 556,262 — — 660,648 556,262 Water Utility — — 1,760,295 1,525,099 1,760,295 1,525,099 Sewer Utility — — 1,960,282 1,911,692 1,960,282 1,911,692 Total Expenses 27,600,514 23,131,774 3,720,577 3,436,791 31,321,091 26,568,565 Change in Net Position Before Transfers (636,264) 1,722,495 4,635,498 3,258,284 3,999,234 4,980,779 Transfers 317,684 305,158 (317,684) (305,158) — — Change in Net Position (318,580) 2,027,653 4,317,814 2,953,126 3,999,234 4,980,779 Net Position - Beginning as Previously Reported 34,037,863 31,444,817 38,642,792 35,689,666 72,680,655 67,134,483 Restatement - Error Correction — 565,393 — — — 565,393 Net Position - Beginning as Restated 34,037,863 32,010,210 38,642,792 35,689,666 72,680,655 67,699,876 Net Position - Ending 33,719,283 34,037,863 42,960,606 38,642,792 76,679,889 72,680,655 CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 9 Page 22 of 226 GOVERNMENT-WIDE FINANCIAL ANALYSIS - Continued Net position of the City’s governmental activities decreased by 0.9 percent ($33,719,283 in 2025 compared to a $34,037,863 in 2024). Unrestricted net position, the part of net position that can be used to finance day-to-day operations without constraints, totaled $14,085,925 at December 31, 2025. Net position of business-type activities increased by 11.2 percent ($42,960,606 in 2025 compared to $38,642,792 in 2024). Governmental Activities Revenues for governmental activities totaled $26,964,250, while the cost of all governmental functions totaled $27,600,514. This results in a deficit of $636,264 prior to transfers in of $317,684. In 2024, revenues of $24,854,269 exceeded expenses of $23,131,774, resulting in a surplus of $1,722,495 prior to transfers in of $305,158. The deficit in 2025 was primarily due to expenses increasing by $ 4,468,740, outpacing the $2,109,981 increase in revenues. While the City experienced higher revenues from charges for services which stem from higher EMS and fire services, expenses also increased significantly in all functions except for health and human services. The rise in expenses resulted from the hiring of an additional 5.5 employees, including three firefighters, a Park Director, a Parking Supervisor, and the transition of the Fire Department Administrative Assistant from part-time to full-time status. The following table graphically depicts the major revenue sources of the City. It depicts very clearly the reliance of property taxes and charges for services to fund governmental activities. It also clearly identifies the less significant percentage the City receives from intergovernmental revenues. Revenue by Source - Governmental Activities Charges for Services 39.5% Operating Grants/Contributions 1.1% Capital Grants/Contributions 3.2% Property Taxes 37.6% Other Taxes 9.4% State Shared Revenue 1.7% General Aid 0.9% Investment Income 4.3% Miscellaneous 2.3% CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 10 Page 23 of 226 GOVERNMENT-WIDE FINANCIAL ANALYSIS - Continued Governmental Activities - Continued The ‘Expenses and Program Revenues’ Table identifies those governmental functions where program expenses exceed revenues. Expenses and Program Revenues - Governmental Activities Expenses Program Revenues General Government Public Safety Public Works Health and Human Services Culture and Recreation Conservation and Development Interest on Long-Term Debt $— $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 Business-Type Activities Business-Type activities posted total revenues of $8,356,075, while the cost of all business-type activities totaled $3,720,577. This results in a surplus of $4,635,498 prior to transfers out of $317,684. In 2024, revenues of $6,695,075 exceeded expenses of $3,436,791, resulting in a surplus of $3,258,284 prior to transfers out of $305,158. The operating surplus in 2025 is primarily due to an increase in charges for services of $1,357,237. Expenses and Program Revenues - Business-Type Activities Expenses Program Revenues Water Utility Sewer Utility $— $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 The above graph compares program revenues to expenses for utility operations. CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 11 Page 24 of 226 FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. The City’s governmental funds reported combining ending fund balances of $23,551,571, which is $2,885,883, or 10.9 percent, lower than last year’s total of $ 26,437,454. Of the $23,551,571 total, $8,471,039, or approximately 36.0 percent, of the fund balance constitutes unassigned fund balance. The General Fund is the chief operating fund of the City. At December 31, 2025, unassigned fund balance in the General Fund was $8,471,039, which represents 84.2 percent of the total fund balance of the General Fund. As a measure of the General Fund’s liquidity, it may be useful to compare unassigned fund balance to total fund expenditures. Unassigned fund balance in the General Fund represents approximately 48.2 percent of total General Fund expenditures. The General Fund reported an ending fund balance of $10,062,098, this is an increase of $21,339, or 0.2 percent, from the prior year. The increase is primarily due to an increase of $1,044,455 in charges for services through the fire department and smaller increases in various taxes collected. The Parking Meters and Lots Fund reported an ending fund balance of $1,231,464, this is an increase of $74,999, or 6.5 percent, from the prior year. According to the City ordinance, each year the Parking Meters and Lots Fund must maintain a minimum change in fund balance of $75,000 before transferring any remaining funds to the General Fund. The Lakefront Operations Fund reported an ending fund balance of $1,645,575, this is an increase of $82,641, or 5.3 percent, from the prior year. According to the City ordinance, each year the Lakefront Operations Fund must maintain a minimum change in fund balance of $75,000 before transferring any remaining funds to the General Fund. The Debt Service Fund reported an ending fund balance of $141,733, this is a decrease of $211,763, or 59.9 percent, from the prior year. The decrease is due to an increase $ 744,079 of the debt obligations being met compared to the prior year. The Capital Improvements Fund reported an ending fund balance of $5,047,320, this is a decrease of $2,225,370, or 30.6 percent, from the prior year. The decrease is due to the spending of previously issued bond proceeds for capital improvements. CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 12 Page 25 of 226 FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS - Continued Proprietary Funds The City’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. The City reports the Water Utility Fund and Sewer Utility Fund as major proprietary funds. The City intends to run the fund at a breakeven rate. Periodically, there will be an annual surplus or draw down due to timing of capital projects. The Water Utility Fund reported an ending net position of $21,738,935, this is an increase of $2,838,876, or 15.0 percent, from the prior year. The increase is due to contributed capital and financial contributions from development of $1,309,924, and PFAS funding received of $1,212,800. The Sewer Utility Fund reported an ending net position of $21,221,671, this is an increase of $1,478,938, or 7.5 percent, from the prior year. The increase is due to contributed capital and financial contributions from development of $876,308. GENERAL FUND BUDGETARY HIGHLIGHTS General Fund actual revenues for the year totaled $13,754,971, compared to budgeted revenues of $15,202,391. This is primarily due to miscellaneous income coming in $1,798,016 below budget for the fiscal year. The General Fund actual expenditures for the year were $969,876 lower than budgeted ( $17,575,633 actual compared to $18,545,509 budgeted). All expenditure categories were under budgeted projections except for conservation and development, which exceeded its budget due to staff departures and the completion of tasks by external consultants. CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 13 Page 26 of 226 CAPITAL ASSETS The City’s investment in capital assets for its governmental and business type activities as of December 31, 2025 was $63,722,677 (net of accumulated depreciation). This investment in capital assets includes land, construction in progress, land improvements, building and improvements, machinery and equipment, and infrastructure. Capital Assets - Net of Depreciation Governmental Business-Type Activities Activities Totals 2025 2024 2025 2024 2025 2024 Land $ 9,677,162 9,677,162 933,530 933,530 10,610,692 10,610,692 Construction in Progress 2,530,395 1,925,695 329,039 1,171,793 2,859,434 3,097,488 Land Improvements 665,045 567,662 4,763 8,451 669,808 576,113 Buildings and Improvements 8,366,832 8,805,710 3,799,290 3,876,123 12,166,122 12,681,833 Machinery and Equipment 5,214,328 4,692,320 5,594,698 5,851,652 10,809,026 10,543,972 Infrastructure 9,255,447 9,011,278 17,352,148 14,259,605 26,607,595 23,270,883 Totals 35,709,209 34,679,827 28,013,468 26,101,154 63,722,677 60,780,981 This year’s major additions included: Construction in Progress $ 2,580,816 Land Improvements 134,295 Buildings and Improvements 240,559 Machinery and Equipment 1,818,913 Infrastructure 1,691,847 6,466,430 Additional information on the City’s capital assets can be found in Note 3 of this report. CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 14 Page 27 of 226 DEBT ADMINISTRATION At year-end, the City had total outstanding debt of $21,090,000 as compared to $23,220,000 the previous year, a decrease of 9.2 percent. The following is a comparative statement of outstanding debt: Long-Term Debt Governmental Activities 2025 2024 General Obligation Bonds $ 5,360,000 5,575,000 Notes Payable 15,730,000 17,645,000 Total 21,090,000 23,220,000 State statutes limit the amount of general obligation debt a non-home rule governmental entity may issue to 5.0 percent of its total assessed valuation. The current debt limit for the City is $135,732,670. Additional information on the City’s long-term debt can be found in Note 3 of this report. ECONOMIC FACTORS AND NEXT YEAR’S BUDGET The City’s elected and appointed officials considered a variety of factors when setting the fiscal year 2026 budget. These included evaluating current and projected tax rates, assessing the fees that will be charged for various municipal services, and analyzing anticipated expenditures for the upcoming year. The City’s robust economy continues to be fueled by increased tourism, significant new development projects within the city limits, and a growing local business sector. As a result, the City is well-positioned to invest in infrastructure improvements, public safety initiatives, and community programs that benefit residents and visitors alike. REQUESTS FOR INFORMATION This financial report is designed to provide a general overview of the City’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional information should be directed to City Administrator David De Angelis at 262.248.3673 or City Finance Director/Comptroller Laura Pisarcik at 262.248.3673. CITY OF LAKE GENEVA, WISCONSIN Management's Discussion and Analysis December 31, 2025 (Unaudited) 15 Page 28 of 226 BASIC FINANCIAL STATEMENTS The basic financial Statements include integrated sets of financial statements as required by the GASB. The sets of statements include: Government-Wide Financial Statements Fund Financial Statements Governmental Funds Proprietary Funds Fiduciary Fund In addition, the notes to the financial statements are included to provide information that is essential to a user’s understanding of the basic financial statements. 16 Page 29 of 226 See Following Page CITY OF LAKE GENEVA, WISCONSIN Statement of Net Position December 31, 2025 17 Page 30 of 226 ASSETS Current Assets Cash and Investments $ 27,139,334 7,365,700 34,505,034 98,881 Restricted Cash — 6,573,087 6,573,087 — Receivables - Net of Allowances Taxes 7,392,533 919,257 8,311,790 283,372 Delinquent Taxes 450 — 450 — Accounts 2,136,949 — 2,136,949 10,298 Leases 1,951,255 — 1,951,255 — Special Assessments 147,413 348,490 495,903 — Internal Balances (800,538) 800,538 — — Inventory/Prepaids 302,198 106,255 408,453 — Total Current Assets 38,269,594 16,113,327 54,382,921 392,551 Noncurrent Assets Capital Assets Nondepreciable 12,207,557 1,262,569 13,470,126 — Depreciable 134,037,644 54,404,088 188,441,732 — Accumulated Depreciation (110,535,992) (27,653,189) (138,189,181) — Total Noncurrent Assets 35,709,209 28,013,468 63,722,677 — Total Assets 73,978,803 44,126,795 118,105,598 392,551 DEFERRED OUTFLOWS OF RESOURCES Deferred Items - WRS 5,676,492 411,315 6,087,807 — Deferred Items - LRLIF 261,245 15,495 276,740 — Deferred Items - RBP 789,082 109,533 898,615 — Total Deferred Outflows of Resources 6,726,819 536,343 7,263,162 — Total Assets and Deferred Outflows of Resources 80,705,622 44,663,138 125,368,760 392,551 Component Unit Primary Government Business Governmental Business-Type Development Activities Activities Totals District CITY OF LAKE GENEVA, WISCONSIN Statement of Net Position December 31, 2025 The notes to the financial statements are an integral part of this statement. 18 Page 31 of 226 LIABILITIES Current Liabilities Accounts Payable $ 1,419,021 57,656 1,476,677 — Accrued Payroll 686,850 47,003 733,853 — Deposits Payable 88,900 19,900 108,800 — Other Payables 4,311 — 4,311 — Accrued Interest Payable 298,321 — 298,321 — Unearned Revenues 1,622,427 409,594 2,032,021 — Current Portion of Long-Term Liabilities 2,558,888 42,281 2,601,169 — Total Current Liabilities 6,678,718 576,434 7,255,152 — Noncurrent Liabilities Compensated Absences Payable 459,614 83,623 543,237 — Net Pension Liability - WRS 936,995 67,894 1,004,889 — Net OPEB Liability - LRLIF 534,162 31,683 565,845 — Total OPEB Liability - RBP 4,582,356 636,081 5,218,437 — General Obligation Bonds Payable - Net 5,259,570 — 5,259,570 — Notes Payable 14,396,128 — 14,396,128 — Total Noncurrent Liabilities 26,168,825 819,281 26,988,106 — Total Liabilities 32,847,543 1,395,715 34,243,258 — DEFERRED INFLOWS OF RESOURCES Property Taxes 10,378,170 — 10,378,170 283,372 Deferred Items - WRS 2,817,767 204,173 3,021,940 — Deferred Items - LRLIF 355,173 21,067 376,240 — Deferred Items - RBP 587,686 81,577 669,263 — Total Deferred Inflows of Resources 14,138,796 306,817 14,445,613 283,372 Total Liabilities and Deferred Inflows of Resources 46,986,339 1,702,532 48,688,871 283,372 NET POSITION Net Investment in Capital Assets 17,031,471 28,013,468 45,044,939 — Restricted Public Library 1,068,349 — 1,068,349 — Tourism Commission 756,863 — 756,863 — Impact Fees 776,675 — 776,675 — Equipment Replacement — 2,765,707 2,765,707 — Impact Fees — 3,430,412 3,430,412 — Unrestricted 14,085,925 8,751,019 22,836,944 109,179 Total Net Position 33,719,283 42,960,606 76,679,889 109,179 Component Unit Primary Government Business Governmental Business-Type Development Activities Activities Totals District The notes to the financial statements are an integral part of this statement. 19 Page 32 of 226 Program Revenues Charges Operating Capital for Grants/ Grants/ Expenses Services Contributions Contributions Governmental Activities General Government $ 3,578,507 508,751 213,807 — Public Safety 11,761,735 4,264,173 9,280 — Public Works 5,554,151 4,191,033 29,204 871,321 Health and Human Services 882,005 111,650 — — Culture and Recreation 2,932,802 1,580,927 55,550 — Conservation and Development 2,230,666 — — — Interest on Long-Term Debt 660,648 — — — Total Governmental Activities 27,600,514 10,656,534 307,841 871,321 Business-Type Activities Water Utility 1,760,295 3,378,376 — 1,309,924 Sewer Utility 1,960,282 2,228,802 — 876,308 Total Business-Type Activities 3,720,577 5,607,178 — 2,186,232 Total Primary Government 31,321,091 16,263,712 307,841 3,057,553 Component Unit Business Improvement District 380,719 — 119,722 — General Revenues Taxes Property Tax Room Tax Other Taxes Intergovernmental - Unrestricted State Shared Revenue General Grants Investment Income Miscellaneous Transfers - Internal Activity Change in Net Position Net Position - Beginning Net Position - Ending CITY OF LAKE GENEVA, WISCONSIN Statement of Activities For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 20 Page 33 of 226 Net (Expenses)/Revenues Component Unit Primary Government Business Governmental Business-Type Improvement Activities Activities Totals District (2,855,949) — (2,855,949) — (7,488,282) — (7,488,282) — (462,593) — (462,593) — (770,355) — (770,355) — (1,296,325) — (1,296,325) — (2,230,666) — (2,230,666) — (660,648) — (660,648) — (15,764,818) — (15,764,818) — — 2,928,005 2,928,005 — — 1,144,828 1,144,828 — — 4,072,833 4,072,833 — (15,764,818) 4,072,833 (11,691,985) — — — — (260,997) 10,121,676 — 10,121,676 283,372 2,472,928 — 2,472,928 — 56,493 — 56,493 — 456,778 — 456,778 — 247,619 — 247,619 — 1,162,915 562,665 1,725,580 4,097 610,145 — 610,145 — 317,684 (317,684) — — 15,446,238 244,981 15,691,219 287,469 (318,580) 4,317,814 3,999,234 26,472 34,037,863 38,642,792 72,680,655 82,707 33,719,283 42,960,606 76,679,889 109,179 The notes to the financial statements are an integral part of this statement. 21 Page 34 of 226 General ASSETS Cash and Investments $ 11,688,518 Receivables - Net of Allowances Taxes 4,555,196 Delinquent Taxes 450 Accounts 2,133,261 Leases — Special Assessments 147,413 Due from Other Funds 377,861 Prepaids 300,186 Total Assets 19,202,885 LIABILITIES Accounts Payable 415,729 Accrued Payroll 674,426 Deposits Payable 3,000 Other Payables 4,311 Unearned Revenues — Due to Other Funds 1,178,399 Total Liabilities 2,275,865 DEFERRED INFLOWS OF RESOURCES Property Taxes 6,346,578 Other 518,344 Total Deferred Inflows of Resources 6,864,922 Total Liabilities and Deferred Inflows of Resources 9,140,787 FUND BALANCES Nonspendable 300,636 Restricted — Assigned 1,290,423 Unassigned 8,471,039 Total Fund Balances 10,062,098 Total Liabilities, Deferred Inflows of Resources, and Fund Balances 19,202,885 CITY OF LAKE GENEVA, WISCONSIN Balance Sheet - Governmental Funds December 31, 2025 The notes to the financial statements are an integral part of this statement. 22 Page 35 of 226 Special Revenue Capital Parking Projects Meters Lakefront Debt Capital and Lots Operations Service Improvements Nonmajor Totals 1,279,344 1,428,307 947,855 5,623,473 6,171,837 27,139,334 — — 1,937,470 — 899,867 7,392,533 — — — — — 450 — 3,688 — — — 2,136,949 — 1,951,255 — — — 1,951,255 — — — — — 147,413 — — — — — 377,861 — — — — 2,012 302,198 1,279,344 3,383,250 2,885,325 5,623,473 7,073,716 39,447,993 45,283 60,561 — 576,153 321,295 1,419,021 2,597 1,292 — — — 678,315 — 85,900 — — — 88,900 — — — — 8,535 12,846 — 1,589,922 — — 32,505 1,622,427 — — — — — 1,178,399 47,880 1,737,675 — 576,153 362,335 4,999,908 — — 2,743,592 — 1,288,000 10,378,170 — — — — — 518,344 — — 2,743,592 — 1,288,000 10,896,514 47,880 1,737,675 2,743,592 576,153 1,650,335 15,896,422 — — — — 1,137,952 1,438,588 — — 141,733 3,895,253 2,601,887 6,638,873 1,231,464 1,645,575 — 1,152,067 1,683,542 7,003,071 — — — — — 8,471,039 1,231,464 1,645,575 141,733 5,047,320 5,423,381 23,551,571 1,279,344 3,383,250 2,885,325 5,623,473 7,073,716 39,447,993 The notes to the financial statements are an integral part of this statement. 23 Page 36 of 226 Total Governmental Fund Balances $ 23,551,571 Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in Governmental Activities are not financial resources and therefore, are not reported in the funds. 35,709,209 Revenue that is deferred in the funds financial statement because it is not available and recognized as revenue in the government-wide financial statements. 518,344 Deferred outflows (inflows) of resources related to the pensions not reported in the funds. Deferred Items - WRS 2,858,725 Deferred Items - LRLIF (93,928) Deferred Items - RBP 201,396 Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds. Compensated Absences Payable (574,517) Net Pension Liability - WRS (936,995) Net OPEB Liability - LRLIF (534,162) Total OPEB Liability - RBP (4,736,341) General Obligation Bonds Payable (5,360,000) Notes Payable (15,730,000) Unamortized Bond Premium (855,698) Accrued Interest Payable (298,321) Net Position of Governmental Activities 33,719,283 CITY OF LAKE GENEVA, WISCONSIN Reconciliation of the Total Governmental Fund Balance to the Statement of Net Position - Governmental Activities December 31, 2025 The notes to the financial statements are an integral part of this statement. 24 Page 37 of 226 See Following Page CITY OF LAKE GENEVA, WISCONSIN Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds For the Fiscal Year Ended December 31, 2025 25 Page 38 of 226 General Revenues Taxes $ 6,924,714 Intergovernmental 1,610,390 Licenses and Permits 845,377 Charges for Services 3,724,809 Fines and Forfeitures 231,886 Investment Income 311,883 Miscellaneous 105,912 Total Revenues 13,754,971 Expenditures General Government 2,729,406 Public Safety 11,162,270 Public Works 2,976,762 Health and Human Services 564,299 Culture and Recreation — Conservation and Development 142,896 Capital Outlay — Debt Service Principal Retirement — Interest and Fiscal Charges — Total Expenditures 17,575,633 Excess (Deficiency) of Revenues Over (Under) Expenditures (3,820,662) Other Financing Sources (Uses) Disposal of Capital Assets — Transfers In 4,106,154 Transfers Out (264,153) 3,842,001 Net Change in Fund Balances 21,339 Fund Balances - Beginning 10,040,759 Fund Balances - Ending 10,062,098 CITY OF LAKE GENEVA, WISCONSIN Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 26 Page 39 of 226 Special Revenue Capital Parking Projects Meters Lakefront Debt Capital and Lots Operations Service Improvements Nonmajor Totals — — 2,710,387 — 3,015,996 12,651,097 — 25,550 — — 247,619 1,883,559 — — — — 290,573 1,135,950 3,886,445 1,182,637 — — 483,255 9,277,146 — — — — 11,552 243,438 119,134 74,337 26,411 306,339 324,811 1,162,915 — 402,894 — — 101,339 610,145 4,005,579 1,685,418 2,736,798 306,339 4,475,145 26,964,250 — — — — — 2,729,406 — — — — — 11,162,270 810,171 — — — — 3,786,933 — — — — 311,100 875,399 — 919,716 — — 1,401,859 2,321,575 — — — — 2,087,770 2,230,666 — — — 2,546,709 1,699,303 4,246,012 — — 2,130,000 — — 2,130,000 — — 818,561 — — 818,561 810,171 919,716 2,948,561 2,546,709 5,500,032 30,300,822 3,195,408 765,702 (211,763) (2,240,370) (1,024,887) (3,336,572) — — — — 133,005 133,005 — — — 15,000 286,467 4,407,621 (3,120,409) (683,061) — — (22,314) (4,089,937) (3,120,409) (683,061) — 15,000 397,158 450,689 74,999 82,641 (211,763) (2,225,370) (627,729) (2,885,883) 1,156,465 1,562,934 353,496 7,272,690 6,051,110 26,437,454 1,231,464 1,645,575 141,733 5,047,320 5,423,381 23,551,571 The notes to the financial statements are an integral part of this statement. 27 Page 40 of 226 Net Change in Fund Balances - Total Governmental Funds $ (2,885,883) Amounts reported for governmental activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. Capital Outlays 3,357,506 Depreciation Expense (2,325,984) Disposals - Cost (466,292) Disposals - Accumulated Depreciation 464,152 Some revenues not collected as of the year end are not considered available revenues in the governmental funds. These are the amounts that were not considered available in the current year. (43,603) The net effect of deferred outflows (inflows) of resources related to the pensions not reported in the funds. Change in Deferred Items - WRS 73,397 Change in Deferred Items - LRLIF (95,095) Change in Deferred Items - RBP (80,522) The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal on long-term debt consumes the current financial resources of the governmental funds. Change in Compensated Absences Payable (220,361) Change in Net Pension Liability - WRS (206,326) Change in Net OPEB Liability - LRLIF 47,331 Change in Total OPEB Liability - RBP (224,813) Retirement of Debt 2,130,000 Amortization of Bond Premium 73,985 Changes to accrued interest on long-term debt in the Statement of Activities does not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. 83,928 Changes in Net Position of Governmental Activities (318,580) CITY OF LAKE GENEVA, WISCONSIN Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of the Governmental Funds to the Statement of Activities - Governmental Activities For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 28 Page 41 of 226 See Following Page CITY OF LAKE GENEVA, WISCONSIN Statement of Net Position - Proprietary Funds December 31, 2025 29 Page 42 of 226 ASSETS Current Assets Cash and Investments $ 3,164,469 4,201,231 7,365,700 Restricted Cash and Investments 2,582,688 3,990,399 6,573,087 Receivables - Net of Allowances Accounts 447,510 471,747 919,257 Special Assessments 1,701 346,789 348,490 Due from Other Funds 1,178,399 — 1,178,399 Inventory 91,656 — 91,656 Prepaids 14,599 — 14,599 Total Current Assets 7,481,022 9,010,166 16,491,188 Noncurrent Assets Capital Assets Nondepreciable 487,110 775,459 1,262,569 Depreciable 26,429,033 27,975,055 54,404,088 Accumulated Depreciation (11,829,221) (15,823,968) (27,653,189) Total Noncurrent Assets 15,086,922 12,926,546 28,013,468 Total Assets 22,567,944 21,936,712 44,504,656 DEFERRED OUTFLOWS OF RESOURCES Deferred Items - WRS 215,375 195,940 411,315 Deferred Items - LRLIF 8,683 6,812 15,495 Deferred Items - RBP 60,515 49,018 109,533 Total Deferred Outflows of Resources 284,573 251,770 536,343 Total Assets and Deferred Outflows of Resources 22,852,517 22,188,482 45,040,999 Water Sewer Utility Utility Totals CITY OF LAKE GENEVA, WISCONSIN Statement of Net Position - Proprietary Funds December 31, 2025 The notes to the financial statements are an integral part of this statement. 30 Page 43 of 226 LIABILITIES Current Liabilities Accounts Payable $ 23,880 33,776 57,656 Accrued Payroll 5,642 41,361 47,003 Deposits Payable 19,900 — 19,900 Unearned Revenues 53,645 355,949 409,594 Due to Other Funds 377,861 — 377,861 Current Portion of Long-Term Liabilities 22,275 20,006 42,281 Total Current Liabilities 503,203 451,092 954,295 Long-Term Liabilities Compensated Absences Payable 41,863 41,760 83,623 Net Pension Liability - WRS 35,551 32,343 67,894 Net OPEB Liability - LRLIF 17,754 13,929 31,683 Total OPEB Liability - RBP 351,426 284,655 636,081 Total Long-Term Liabilities 446,594 372,687 819,281 Total Liabilities 949,797 823,779 1,773,576 DEFERRED INFLOWS OF RESOURCES Deferred Items - WRS 106,910 97,263 204,173 Deferred Items - LRLIF 11,805 9,262 21,067 Deferred Items - RBP 45,070 36,507 81,577 Total Deferred Inflows of Resources 163,785 143,032 306,817 Total Liabilities and Deferred Inflows of Resources 1,113,582 966,811 2,080,393 NET POSITION Investment in Capital Assets 15,086,922 12,926,546 28,013,468 Restricted - Equipment Replacement 908,122 1,857,585 2,765,707 Restricted - Impact Fees 1,297,598 2,132,814 3,430,412 Unrestricted 4,446,293 4,304,726 8,751,019 Total Net Position 21,738,935 21,221,671 42,960,606 Water Sewer Utility Utility Totals The notes to the financial statements are an integral part of this statement. 31 Page 44 of 226 Water Sewer Utility Utility Totals Operating Revenues Charges for Services $ 1,905,893 2,203,752 4,109,645 Other 1,472,483 25,050 1,497,533 Total Operating Revenues 3,378,376 2,228,802 5,607,178 Operating Expenses Operation and Maintenance 1,320,881 1,268,984 2,589,865 Depreciation 453,152 742,626 1,195,778 Total Operating Expenses 1,774,033 2,011,610 3,785,643 Operating Income 1,604,343 217,192 1,821,535 Nonoperating Revenues (Expenses) Investment Income 217,233 345,432 562,665 Other Income 58,888 89,371 148,259 Taxes (45,150) (38,043) (83,193) 230,971 396,760 627,731 Income Before Contributions and Transfers 1,835,314 613,952 2,449,266 Capital Contributions 1,309,924 876,308 2,186,232 Transfers Out (306,362) (11,322) (317,684) 1,003,562 864,986 1,868,548 Change in Net Position 2,838,876 1,478,938 4,317,814 Net Position - Beginning 18,900,059 19,742,733 38,642,792 Net Position - Ending 21,738,935 21,221,671 42,960,606 CITY OF LAKE GENEVA, WISCONSIN Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 32 Page 45 of 226 Water Sewer Utility Utility Totals Cash Flows from Operating Activities Receipts from Customers and Users $ 2,337,233 2,291,940 4,629,173 Payments to Employees (274,073) (471,606) (745,679) Payments to Suppliers (987,356) (886,385) (1,873,741) 1,075,804 933,949 2,009,753 Cash Flows from Noncapital Financing Activities Transfers Out (306,362) (11,322) (317,684) Cash Flows from Capital and Related Financing Activities Purchase of Capital Assets (393,276) (529,416) (922,692) Disposal of Capital Assets 832 — 832 (392,444) (529,416) (921,860) Cash Flows from Investing Activities Investment Income 217,233 345,432 562,665 Net Change in Cash and Cash Equivalents 594,231 738,643 1,332,874 Cash and Cash Equivalents - Beginning 5,152,926 7,452,987 12,605,913 Cash and Cash Equivalents - Ending 5,747,157 8,191,630 13,938,787 Reconciliation of Operating Income to Net Cash Provided (Used) by Operating Activities Operating Income 1,604,343 217,192 1,821,535 Adjustments to Reconcile Operating Income to Net Cash Provided by (Used in) Operating Activities Depreciation 453,152 742,626 1,195,778 Share of Meter Depreciation 48,878 (48,878) — Other Income (Expense) 13,738 51,328 65,066 (Increase) Decrease in Current Assets (1,103,759) 60,688 (1,043,071) Increase (Decrease) in Current Liabilities 59,452 (89,007) (29,555) Net Cash Provided by Operating Activities 1,075,804 933,949 2,009,753 Noncash Capital and Related Financing Activities Capital Contributions 1,309,924 876,308 2,186,232 CITY OF LAKE GENEVA, WISCONSIN Statement of Cash Flows - Proprietary Funds For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 33 Page 46 of 226 Custodial Tax Collection ASSETS Cash and Cash Equivalents $ 7,780,102 Receivables Taxes 19,141,335 Total Assets 26,921,437 LIABILITIES Due to Other Governments 26,921,437 NET POSITION Net Position Restricted for Individuals, Organizations, and Other Governments — CITY OF LAKE GENEVA, WISCONSIN Statement of Fiduciary Net Position December 31, 2025 The notes to the financial statements are an integral part of this statement. 34 Page 47 of 226 Custodial Tax Collection Additions Collection of Property Tax $ 15,620,667 Deductions Distributions to Other Governments 15,620,667 Change in Fiduciary Net Position — Net Position Restricted for Individuals, Organizations, and Other Governments Beginning — Ending — CITY OF LAKE GENEVA, WISCONSIN Statement of Changes in Fiduciary Net Position For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 35 Page 48 of 226 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The City of Lake Geneva, Wisconsin (the City), is a municipal corporation represented by eight Alderman and a Mayor. There are four Aldermanic Districts and two representatives per district. The City is managed by a full time City Administrator and has an elected Attorney and Judge. The City’s major operations include public safety, public works, health and human services, culture and recreation, conservation and development, waterworks and sewerage services, and general administrative services. The government-wide financial statements have been prepared in accordance with generally accepted accounting principles (GAAP). The Governmental Accounting Standards Board (GASB) is responsible for establishing GAAP for state and local governments through its pronouncements (Statements and Interpretations). The more significant of the City’s accounting policies established in GAAP and used by the City are described below. REPORTING ENTITY The accompanying financial statements present the government and its component units, entities for which the government is considered to be financially accountable. Blended component units are, in substance, part of the primary government’s operations, even though they are legally separate entities. Thus, blended component units are appropriately presented as funds of the primary government. Each discretely presented component unit is reported in a separate column in th e g o v e r n m e n t - w i d e f i n a n c i a l s t a t e m e n t s t o e m p h a s i z e t h a t i t i s b o t h l e g a l l y a n d substantively separate from the government. Management has determined that there are no fiduciary component units that are required to be included in the financial statements of the City and there is one discretely component units to include in the reporting entity. Discretely Presented Component Unit Discretely presented component units are separate legal entities that meet the component unit criteria described in GASB Statement No. 61 and GASB Statement No. 84 but do not meet the criteria for blending. Downtown Lake Geneva Business Improvement District The Downtown Lake Geneva Business Improvement District (the District), created under the provisions of Wisconsin Statute Section 66.1109, is a discretely presented component unit with a separate eight member board of directors. The District's nomination of the board of directors must be approved by the Common Council. The purpose of the District is to allow businesses within the District's boundaries to develop, manage, and promote the District and to establish an assessment method to finance these activities. The District has its own independent budgetary authority and borrowing capabilities. However, the City can impose its will on the District. The District's financial information is presented for the fiscal year ended December 31, 2025 . Separate financial statements for the District can be obtained from its office at 626 Geneva Street, Lake Geneva, Wisconsin 53147. BASIS OF PRESENTATION Government-Wide Statements The City’s basic financial statements include both government-wide (reporting the City as a whole) and fund financial statements (reporting the City’s major funds). Both the government-wide and fund financial statements categorize primary activities as either governmental or business type. The City’s general government, public safety, public works, health and human services, culture and recreation, and conservation and development services are classified as governmental activities. The City’s water utility and sewer utility services are classified as business-type activities. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 36 Page 49 of 226 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued BASIS OF PRESENTATION - Continued Government-Wide Statements - Continued In the government-wide Statement of Net Position, both the governmental and business-type activities columns are: (a) presented on a consolidated basis by column, and (b) reported on a full accrual, economic resource basis, which recognizes all long-term assets/deferred outflows and receivables as well as long-term debt/deferred inflows and obligations. The City’s net position is reported in three parts: net investment in capital assets; restricted; and unrestricted. The City first utilizes restricted resources to finance qualifying activities. The government-wide Statement of Activities reports both the gross and net cost of each of the City’s functions and business-type activities (general government, public safety, public works, etc.) The functions are supported by general government revenues (property taxes, room taxes, certain intergovernmental revenues, fines, permits and charges, etc.). The Statement of Activities reduces gross expenses (including depreciation) by related program revenues, operating and capital grants. Program revenues must be directly associated with the function (general government, public safety, public works, etc.) or a business-type activity. Operating grants include operating- specific and discretionary (either operating or capital) grants while the capital grants column reflects capital- specific grants. The net costs (by function or business-type activity) are normally covered by general revenue (property tax, room taxes, intergovernmental revenues, investment income, etc.). The City does not allocate indirect costs. An administrative service fee is charged by the General Fund to the other operating funds that is eliminated like a reimbursement (reducing the revenue and expense in the General Fund) to recover the direct costs of General Fund services provided (finance, personnel, purchasing, legal, technology management, etc.). This government-wide focus is more on the sustainability of the City as an entity and the change in the City’s net position resulting from the current year’s activities. Fund Financial Statements The financial transactions of the City are reported in individual funds in the fund financial statements. Each fund is accounted for by providing a separate set of self-balancing accounts that comprises its assets/deferred outflows, liabilities/deferred inflows, fund equity, revenues and expenditures/expenses. Funds are organized into three major categories: governmental, proprietary, and fiduciary. The emphasis in fund financial statements is on the major funds in either the governmental or business-type activities categories. GASB Statement No. 34 sets forth minimum criteria (percentage of the assets/deferred outflows, liabilities/ deferred inflows, revenues or expenditures/expenses of either fund category or the governmental and enterprise combined) for the determination of major funds. The City may electively add funds, as major funds, which either have debt outstanding or a specific or community focus. The nonmajor funds are combined in a single column in the fund financial statements. A fund is considered major if it is the primary operating fund of the City or meets the following criteria: CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 37 Page 50 of 226 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued BASIS OF PRESENTATION - Continued Fund Financial Statements - Continued Total assets/deferred outflows, liabilities/deferred inflows, revenues, or expenditures/expenses of that individual governmental or enterprise fund are at least 10 percent of the corresponding total for all funds of that category or type; and Total assets/deferred outflows, liabilities/deferred inflows, revenues, or expenditures/expenses of the individual governmental fund or enterprise fund are at least 5 percent of the corresponding total for all governmental and enterprise funds combined. The various funds are reported by generic classification within the financial statements. The following fund types are used by the City: Governmental Funds The focus of the governmental funds’ measurement (in the fund statements) is upon determination of financial position and changes in financial position (sources, uses, and balances of financial resources) rather than upon net income. The following is a description of the governmental funds of the City: General Fund is the general operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund. The General Fund is a major fund. Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes. The Parking Meters and Lots Fund is a major fund and is used to account for collections through parking meters and parking violations, to support wages for monitoring operations and providing resources to support City operations. The Lakefront Operations Fund is a major fund and is used to account for collections through lakefront rents and fees, to support wages for monitoring operations and providing resources to support City operations. Additionally, the City maintains five nonmajor special revenue funds. Debt Service Fund is used to for the accumulation of resources for, and the payment of, general long-term debt principal and interest. The Debt Service Fund is a major fund. Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by business-type/proprietary funds). The Capital Improvements Fund is a major fund and is used to account for the design, construction, renovation, and equipping of the City's buildings and other related projects such as acquisition of land and/or land improvements or certain infrastructure projects. Additionally, the City maintains one nonmajor capital projects fund. Permanent Funds are used to report resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the reporting government’s programs, that is, for the benefit of the government or its citizenry. The City maintains two nonmajor permanent funds. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 38 Page 51 of 226 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued BASIS OF PRESENTATION - Continued Proprietary Funds The focus of proprietary fund measurement is upon determination of operating income, changes in net position, financial position, and cash flows. The generally accepted accounting principles applicable are those similar to businesses in the private sector. The following is a description of the proprietary funds of the City: Enterprise Funds are required to account for operations for which a fee is charged to external users for goods or services and the activity (a) is financed with debt that is solely secured by a pledge of the net revenues, (b) has third party requirements that the cost of providing services, including capital costs, be recovered with fees and charges or (c) establishes fees and charges based on a pricing policy designed to recover similar costs. The City maintains two major enterprise funds. The Water Utility Fund accounts for the City’s operation and maintenance of the water distribution system for residents, business entities, and public authorities of the City. The Sewer Utility Fund accounts for the City’s operation and maintenance of the wastewater treatment and disposal system for residents, business entities and public authorities of the City. Fiduciary Funds Fiduciary funds are used to report assets held in a trustee or custodial capacity for others and therefore are not available to support City programs. The reporting focus is on net position and changes in net position and is reported using accounting principles similar to proprietary funds. Custodial Funds are used to account for assets held by the City in a purely custodial capacity. The Tax Collection Fund is used to account for the temporary placeholder for property taxes that will be distributed to governments entities. The City’s fiduciary fund is presented in the fiduciary fund financial statements. Since by definition these assets are being held for the benefit of a third party (other local governments, private parties, pension participants, etc.) and cannot be used to address activities or obligations of the City, these funds are not incorporated into the government-wide statements. MEASUREMENT FOCUS AND BASIS OF ACCOUNTING Measurement focus is a term used to describe “which” transactions are recorded within the various financial statements. Basis of accounting refers to “when” transactions are recorded regardless of the measurement focus applied. Measurement Focus On the government-wide Statement of Net Position and the Statement of Activities, both governmental and business-type activities are presented using the economic resources measurement focus as defined below. In the fund financial statements, the “current financial resources” measurement focus or the “economic resources” measurement focus is used as appropriate. All governmental funds utilize a “current financial resources” measurement focus. Only current financial assets/ deferred outflows and liabilities/deferred inflows are generally included on their balance sheets. Their operating statements present sources and uses of available spendable financial resources during a given period. These funds use fund balance as their measure of available spendable financial resources at the end of the period. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 39 Page 52 of 226 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued MEASUREMENT FOCUS AND BASIS OF ACCOUNTING - Continued Measurement Focus - Continued All proprietary and custodial funds utilize an “economic resources” measurement focus. The accounting objectives of this measurement focus are the determination of operating income, changes in net position (or cost recovery), financial position, and cash flows. All assets/deferred outflows, liabilities/deferred inflows (whether current or noncurrent) associated with their activities are reported. Proprietary and custodial funds equity is classified as net position. Basis of Accounting In the government-wide Statement of Net Position and Statement of Activities, both governmental and business- type activities are presented using the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability/deferred inflow is incurred or economic asset used. Revenues, expenses, gains, losses, assets/deferred outflows, and liabilities/deferred inflows resulting from exchange and exchange-like transactions are recognized when the exchange takes place. In the fund financial statements, governmental funds are presented on the modified accrual basis of accounting. Under this modified accrual basis of accounting, revenues are recognized when “measurable and available.” Measurable means knowing or being able to reasonably estimate the amount. Available means collectible within the current period or within sixty days after year-end. The City recognizes property taxes when they become both measurable and available in accordance with GASB Codification Section P70. A sixty-day availability period is used for revenue recognition for all other governmental fund revenues. Expenditures (including capital outlay) are recorded when the related fund liability is incurred, except for general obligation bond principal and interest which are recognized when due. In applying the susceptible to accrual concept under the modified accrual basis, those revenues susceptible to accrual are property taxes, room taxes, licenses, permits, investment revenue, and charges for services. All other revenues are not susceptible to accrual because generally they are not measurable until received in cash. All proprietary and custodial funds utilize the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or economic asset used. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the City’s enterprise funds are charges to customers for sales and services. The City also recognizes as operating revenue the portion of tap fees intended to recover the cost of connecting new customers to the system. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 40 Page 53 of 226 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND NET POSITION/ FUND BALANCE Cash and Investments For the purpose of the Statement of Net Position, cash and cash equivalents are considered to be cash on hand, demand deposits, and cash with fiscal agent. For the purpose of the proprietary funds’ Statement of Cash Flows, cash and cash equivalents are considered to be cash on hand, demand deposits, cash with fiscal agent, and all highly liquid investments with an original maturity of three months or less. Investments are generally reported at fair value. Short-term investments are reported at cost, which approximates fair value. For investments, the City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. Restricted Cash and Investments Certain resources are set aside to be used for the replacement of capital assets and to account for the impact fees collected to finance system improvements. Interfund Receivables, Payables and Activity Interfund activity is reported as loans, services provided, reimbursements or transfers. Loans are reported as interfund receivables and payables as appropriate and are subject to elimination upon consolidation. Services provided, deemed to be at market or near market rates, are treated as revenues and expenditures/expenses. Internal service fund services provided and used are not eliminated in the process of consolidation. Reimbursements are when one fund incurs a cost, charges the appropriate benefiting fund and reduces its related cost as a reimbursement. All other interfund transactions are treated as transfers. Transfers between governmental or proprietary funds are netted as part of the reconciliation to the government-wide financial statements. Receivables In the government-wide financial statements, receivables consist of all revenues earned at year-end and not yet received. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. Major receivables balances for governmental activities include property taxes, accounts, and leases. Business-type activities report utility charges as their major receivables. Inventory/Prepaids Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaids in both the government-wide and fund financial statements. Inventory/prepaids are valued at cost, which approximates market, using the first-in/first-out (FIFO) method. The costs of governmental fund-type prepaids are recorded as expenditures when consumed rather than when purchased. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 41 Page 54 of 226 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND NET POSITION/ FUND BALANCE - Continued Capital Assets Capital assets purchased or acquired with an original cost of $10,000, depending on asset class, or more are reported at historical cost or estimated historical cost. Contributed assets are reported at acquisition value as of the date received. Additions, improvements and other capital outlays that significantly extend the useful life of an asset are capitalized. Other costs incurred for repairs and maintenance are expensed as incurred. The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. General capital assets are long-lived assets of the City as a whole. When purchased, such assets are recorded as expenditures in the governmental funds and capitalized. Infrastructure such as streets, traffic signals and signs are capitalized. The valuation basis for general capital assets are historical cost, or where historical cost is not available, estimated historical cost based on replacement costs. Capital assets in the proprietary funds are capitalized in the fund in which they are utilized. The valuation basis for proprietary fund capital assets are the same as those used for the general capital assets. PSC guidelines are followed for depreciation related to the Water Utility. Depreciation on all assets is computed and recorded using the straight-line method of depreciation over the following estimated useful lives: Land Improvements 10 - 50 Years Buildings and Improvements 5 - 50 Years Machinery and Equipment 5 - 50 Years Infrastructure 5 - 150 Years Deferred Outflows/Inflows of Resources Deferred outflow/inflow of resources represents a consumption/acquisition of net assets that applies to a future period and therefore will not be recognized as an outflow of resources (expense)/inflow of resources (revenue) until that future time. Pensions For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Wisconsin Retirement System (WRS) and additions to/deductions from WRS’ fiduciary net position have been determined on the same basis as they are reported by WRS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 42 Page 55 of 226 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND NET POSITION/ FUND BALANCE - Continued Other Post-Employment Benefits (OPEB) The fiduciary net position of the Local Retiree Life Insurance Fund (“LRLIF”) has been determined using the flow of economic resources measurement focus and the accrual basis of accounting. This includes for purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to other post-employment benefits, OPEB expense, and information about the fiduciary net position of the LRLIF and additions to/deductions from LRLIF’s fiduciary net position have been determined on the same basis as they are reported by LRLIF. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value. Compensated Absences City employees can accrue up to 31 days of paid time off depending on their length of employment. A maximum of 3 days can be carried over to the following year. If an employee has more than 3 days of PTO at the end of the year, the additional days will be transferred over to their medical leave bank. Employees may accumulate a maximum of 60 days in their medical leave bank, and upon termination all remaining hours will be extinguished. Long-Term Obligations In the government-wide financial statements, and proprietary fund types in the fund financial statements, long- term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund type Statement of Net Position. Bond premiums and discounts, are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as expenses at the time of issuance. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Net Position In the government-wide financial statements, equity is classified as net position and displayed in three components: Net Investment in Capital Assets - Consists of capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances of any bonds, mortgages, notes or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 43 Page 56 of 226 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND NET POSITION/ FUND BALANCE - Continued Net Position - Continued Restricted - Consists of net position with constraints placed on the use either by (1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments; or (2) law through constitutional provisions or enabling legislations. Unrestricted - All other net position balances that do not meet the definition of “restricted” or “net investment in capital assets.” In the fund financial statements, governmental funds report reservations of fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Designations of fund balance represent tentative management plans that are subject to change. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumption that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates. NOTE 2 - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY BUDGETARY INFORMATION Budgetary information is derived from the annual operating budget and is presented using the modified accrual basis of account, the same basis of accounting for each fund as described in Note 1 to the financial statements. Budgets were adopted for all funds, except the ARPA, Public Library Investment and Tax Collection Funds. Budgets are adopted at the functional level of expenditure. The budgeted amounts presented include any amendments made. The City may authorize transfers of budgeted amounts within departments. Transfers between departments and changes to the overall budget must be approved by a two-thirds action. EXCESS OF ACTUAL EXPENDITURES OVER BUDGET IN INDIVIDUAL FUNDS The following funds had an excess of actual expenditures over budget as of the date of this report: Fund Excess Public Library $ 26,254 Tourism Commission 915,943 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 44 Page 57 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS DEPOSITS AND INVESTMENTS The City maintains a cash and investment pool that is available for use by all funds except the pension trust funds. Each fund type's portion of this pool is displayed on the financial statements as "cash and investments." In addition, investments are separately held by several of the City's funds. Permitted Deposits and Investments - Statutes authorize the City to make deposits/invest in commercial banks, savings and loan institutions, obligations of the U.S. Treasury and U.S. Agencies, obligations of States and their political subdivisions, credit union shares, repurchase agreements, commercial paper rated within the three highest classifications by at least two standard rating services, and the Local Government Investment Pool. The Local Government Investment Pool (LGIP) is an investment pool managed by the Wisconsin Department of Administration, which allows governments within the State to pool their funds for investment purposes. LGIP is not registered with the SEC as an investment company. Investments in LGIP are valued at the share price, which is the price for which the investment could be sold. Deposits. At year-end, the carrying amount of the City’s deposits for governmental and business-type activities totaled $6,678,080 and the bank balances totaled $6,773,415. Investments. At year-end, the City has the following investments: Investment Maturities (in Years) Fair Less Than More Than Investment Type Value 1 1-5 6-10 10 Municipal Bonds $ 6,867,971 6,808,517 20,152 — 39,302 LGIP 27,532,070 27,532,070 — — — Totals 34,400,041 34,340,587 20,152 — 39,302 The City has the following recurring fair value measurements as of year-end: • Municipal Bonds of $6,867,971 are valued using the matrix pricing model (Level 2 inputs) • LGIP of $27,532,070 is measured using the net asset value (NAV) per share as determined by the pool. Debt Securities classified in Level 2 of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 45 Page 58 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued DEPOSITS AND INVESTMENTS - Continued Interest Rate Risk. Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The City's investment investment portfolio will remain sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated. Credit Risk . Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The City is limited to investing in security instruments authorized under State Statute. At year-end, the City’s investments in municipal bonds were rated AAAf by Standard and Poor's and LGIP were rated AAAm by Standard and Poor's. Custodial Credit Risk - Deposits . In the case of deposits, this is the risk that in the event of a bank failure, the City’s deposits may not be returned to it. Deposits at each bank in the state of Wisconsin are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 for the combined amount of all time and savings accounts (including NOW accounts) and $250,000 for all demand deposit accounts (interest-bearing and non- interest-bearing). Accounts at each institution outside the state of Wisconsin are insured by the FDIC up to $250,000 for the combined total of all deposit accounts. In addition, the State of Wisconsin Public Depository Guarantee Fund guarantees the City’s deposits up to $400,000 per public depository. The City's deposits must be fully collateralized with US Government backed securities or securities held in the City's name. Consideration may be given to FDIC insurance ($4250,000) and the State appropriation (Stats 20.144 (1) (a) and 34.08) ($400,000). At year-end, $3,455,750 of the bank balance of deposits was not covered by collateral, federal depository or equivalent insurance. Custodial Credit Risk - Investments . For an investment, this is the risk that in the event of the failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. Safety of principal is the foremost objective of the investment program. Investments of the City shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, diversification is required in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio. The City’s investment in the LGIP is not subject to custodial credit risk. Concentration of Credit Risk . This is the risk of loss attributed to the magnitude of the City’s investment in a single issuer. The City will diversify its investments by security type and institution. With the exception of U.S. Treasury securities and authorized pools, no more than 25% of the City's total investment portfolio in any particular fund shall be invested in a single security type with a single financial institution. The percentage held at the LGIP may be as high as 90%. At year-end, the City does not have any investments over 5 percent of the total cash and investment portfolio (other than investments issued or explicitly guaranteed by the U.S. government and investments in mutual funds, external investment pools, and other pooled investments). PROPERTY TAXES Property taxes for 2024 attach as an enforceable lien on January 1, on property values assessed as of the same date. Taxes are levied by December of the subsequent fiscal year (by passage of a Tax Levy Ordinance). Tax bills are prepared by the County and are payable in two installments, on or about January 31, and July 31. The County collects such taxes and remits them periodically. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 46 Page 59 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued CAPITAL ASSETS Governmental Activities Governmental capital asset activity for the fiscal year was as follows: Beginning Ending Balances Increases Decreases Balances Nondepreciable Capital Assets Land $ 9,677,162 — — 9,677,162 Construction in Progress 1,925,695 1,911,094 1,306,394 2,530,395 11,602,857 1,911,094 1,306,394 12,207,557 Depreciable Capital Assets Land Improvements 883,965 134,295 — 1,018,260 Buildings and Improvements 20,752,028 133,665 — 20,885,693 Machinery and Equipment 18,651,197 1,642,997 466,292 19,827,902 Infrastructure 91,463,940 841,849 — 92,305,789 131,751,130 2,752,806 466,292 134,037,644 Less Accumulated Depreciation Land Improvements 316,303 36,912 — 353,215 Buildings and Improvements 11,946,318 572,543 — 12,518,861 Machinery and Equipment 13,958,877 1,118,849 464,152 14,613,574 Infrastructure 82,452,662 597,680 — 83,050,342 108,674,160 2,325,984 464,152 110,535,992 Total Net Depreciable Capital Assets 23,076,970 426,822 2,140 23,501,652 Total Net Capital Assets 34,679,827 2,337,916 1,308,534 35,709,209 Depreciation expense was charged to governmental activities as follows: General Government $ 229,974 Public Safety 599,465 Health and Human Services 6,606 Public Works 878,712 Culture and Recreation 611,227 2,325,984 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 47 Page 60 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued CAPITAL ASSETS - Continued Business-Type Activities Business-type capital asset activity for the fiscal year was as follows: Beginning Ending Balances Increases Decreases Balances Nondepreciable Capital Assets Land $ 933,530 — — 933,530 Construction in Progress 1,171,793 669,722 1,512,476 329,039 2,105,323 669,722 1,512,476 1,262,569 Depreciable Capital Assets Land Improvements 36,877 — — 36,877 Buildings and Improvements 9,088,913 106,894 — 9,195,807 Machinery and Equipment 12,047,763 175,916 12,950 12,210,729 Infrastructure 29,328,167 3,668,868 36,360 32,960,675 50,501,720 3,951,678 49,310 54,404,088 Less Accumulated Depreciation Land Improvements 28,426 3,688 — 32,114 Buildings and Improvements 5,212,790 183,727 — 5,396,517 Machinery and Equipment 6,196,111 432,870 12,950 6,616,031 Infrastructure 15,068,562 575,493 35,528 15,608,527 26,505,889 1,195,778 48,478 27,653,189 Total Net Depreciable Capital Assets 23,995,831 2,755,900 832 26,750,899 Total Net Capital Assets 26,101,154 3,425,622 1,513,308 28,013,468 Depreciation expense was charged to business-type activities as follows: Share of Meter Depreciation Depreciation Depreciation Expense Water Utility $ 502,030 (48,878) 453,152 Sewer Utility 693,748 48,878 742,626 1,195,778 — 1,195,778 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 48 Page 61 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LEASES RECEIVABLE The City has entered into various right-to-use lease agreements as lessor for airport hangars and space rentals. The City used an incremental borrowing rate of 3.00% to 3.50% as the interest rate for these right-to-use asset agreements. The City leases their airport hangars and space for various terms under long-term, noncancellable lease agreements. The leases expire at various dates through 2040. The future principal and interest lease payments as of the year-end were as follows: Fiscal Governmental Activities Year Principal Interest 2026 $ 225,150 67,813 2027 241,164 59,916 2028 129,743 51,457 2029 146,826 46,811 2030 154,495 41,650 2031 - 2035 609,574 159,156 2036 - 2040 444,303 35,697 1,951,255 462,500 During the fiscal year, the City has recognized $ 292,963 of lease revenue. There were no variable or other payments not previously included in the measurement of the leases receivable recognized in the current year. INTERFUND TRANSFERS Interfund transfers for the fiscal year consisted of the following: Transfer In Transfer Out Amount General Lakefront Operations $ 683,061 (1) General Parking Meters and Lots 3,105,409 (1) General Water Utility 306,362 (1) General Sewer Utility 11,322 (1) Capital Improvements Parking Meters and Lots 15,000 (1) Nonmajor Governmental General 264,153 (2) Nonmajor Governmental Nonmajor Governmental 22,314 (1) 4,407,621 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 49 Page 62 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued INTERFUND TRANSFERS - Continued Transfers are used to (1) move revenues from the fund that statute or budget requires to collect them to the fund that statute or budget requires to expend them, and (2) use unrestricted revenues collected in the General Fund to finance various programs accounted for in other funds in accordance with budgetary authorizations INTERFUND BALANCES Interfund balances were due to repay utility tax equivalent that was paid in the subsequent year by the General Fund. Interfund balances for the fiscal year consisted of the following: Receivable Fund Payable Fund Amount General Water Utility $ 377,861 Water Utility General 1,178,399 1,556,260 LONG-TERM OBLIGATIONS General Obligation Bonds The government issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities. General obligation bonds have been issued for governmental activities. General obligation bonds are direct obligations and pledge the full faith and credit of the government. General obligation bonds currently outstanding are as follows: Beginning Ending Issue Balances Issuances Retirements Balances $6,075,000 General Obligation Bonds of 2022A , due in annual installments of $205,000 to $415,000, plus interest at 4.00% - 5.00% through maturity on February 1, 2042 $ 5,575,000 — 215,000 5,360,000 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 50 Page 63 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued Notes Payable The City enters into notes payable to provide funds for acquisition of capital assets. Notes payable have been issued for governmental activities. Notes payable are direct obligations and pledge the full faith and credit of the City. Notes payable currently outstanding are as follows: Beginning Ending Issue Balances Issuances Retirements Balances $3,500,000 Promissory Notes of 2017 , due in quarterly installments of $175,000 including interest at 2.337% through maturity on April 1, 2027. $ 1,750,000 — 700,000 1,050,000 $2,330,000 Promissory Notes of 2021A , due in annual installments of $150,000 to $275,000, plus interest at 0.25% - 1.40% through maturity on February 1, 2031. 1,765,000 — 230,000 1,535,000 $7,040,000 Promissory Notes of 2021B , due in annual installments of $410,000 to $820,000, plus interest at 1.00% - 2.00% through maturity on February 1, 2031. 5,285,000 — 725,000 4,560,000 $8,845,000 Promissory Notes of 2024 , due in annual installments of $260,000 to $505,000, plus interest at 4.00% - 5.00% through maturity on February 1, 2044 8,845,000 — 260,000 8,585,000 17,645,000 — 1,915,000 15,730,000 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 51 Page 64 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued Long-Term Liabilities Activity Amounts Beginning Ending Due within Type of Debt Balances Additions Deductions Balances One Year Governmental Activities Compensated Absences $ 354,156 220,361 — 574,517 114,903 Net Pension Liability - WRS 730,669 206,326 — 936,995 — Net OPEB Liability - LRLIF 581,493 — 47,331 534,162 — Total OPEB Liability - RBP 4,511,528 224,813 — 4,736,341 153,985 General Obligation Bonds Payable 5,575,000 — 215,000 5,360,000 225,000 Plus: Unamortized Premium 131,897 — 7,327 124,570 — Notes Payable 17,645,000 — 1,915,000 15,730,000 2,065,000 Plus: Unamortized Premium 797,786 — 66,658 731,128 — 30,327,529 651,500 2,251,316 28,727,713 2,558,888 Business-Type Activities Compensated Absences $ 104,476 53 — 104,529 20,906 Net Pension Liability - WRS 53,136 14,758 — 67,894 — Net OPEB Liability - LRLIF 31,931 — 248 31,683 — Total OPEB Liability - RBP 587,053 70,403 — 657,456 21,375 776,596 85,214 248 861,562 42,281 For governmental activities, payments on the net pension liability and the net/total OPEB liabilities are being expended by the General Fund. The general obligation bonds payable and the notes payable are being expended by the Debt Service Fund. For business type activities, the net pension liability and the net/total OPEB liabilities are expended by the Water Utility and Sewer Utility Funds. Compensated absences are reported as the net change amount for the fiscal year. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 52 Page 65 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued Debt Service Requirements to Maturity The annual debt service requirements to maturity, including principal and interest, are as follows: Governmental Activities General Obligation Notes Fiscal Bonds Payable Payable Year Principal Interest Principal Interest 2026 $ 225,000 221,763 2,065,000 597,787 2027 230,000 210,388 1,740,000 443,009 2028 240,000 198,638 1,410,000 380,950 2029 250,000 186,388 1,470,000 345,262 2030 250,000 173,888 1,580,000 310,875 2031 275,000 162,138 1,615,000 273,675 2032 275,000 151,138 550,000 240,900 2033 300,000 139,638 570,000 212,900 2034 305,000 127,538 600,000 183,650 2035 320,000 115,038 345,000 160,025 2036 335,000 101,938 365,000 144,100 2037 355,000 88,138 370,000 129,400 2038 370,000 73,638 380,000 114,400 2039 390,000 58,438 390,000 99,000 2040 410,000 42,438 395,000 83,300 2041 415,000 25,678 410,000 67,200 2042 415,000 8,551 475,000 49,500 2043 — — 495,000 30,100 2044 — — 505,000 10,100 Totals 5,360,000 2,085,374 15,730,000 3,876,133 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 53 Page 66 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued Legal Debt Margin The Wisconsin Statutes restrict the City's general obligation debt to 5% of the equalized value of all property in the City. This amount is compared below with the outstanding debt on December 31, 2025. Equalized Value - 2025 $ 2,714,653,400 Bonded Debt Limit - 5.00% of Equalized Value 135,732,670 Amount of Debt Applicable to Limit 21,090,000 Legal Debt Margin 114,642,670 FUND BALANCE CLASSIFICATIONS In the governmental fund financial statements, the City considers restricted amounts to have been spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available. The City first utilizes committed, then assigned and then unassigned fund balance when an expenditure is incurred for purposes for which all three unrestricted fund balances are available. Nonspendable Fund Balance . Consists of resources that cannot be spent because they are either: a) not in a spendable form; or b) legally or contractually required to be maintained intact. Restricted Fund Balance . Consists of resources that are restricted to specific purposes, that is, when constraints placed on the use of resources are either: a) externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments; or b) imposed by law through constitutional provisions or enabling legislation. Committed Fund Balance. Consists of resources constrained (issuance of an ordinance) to specific purposes by the government itself, using its highest level of decision-making authority, City Council; to be reported as committed, amounts cannot be used for any other purpose unless the government takes the same highest-level action to remove or change the constraint. Assigned Fund Balance. Consists of amounts that are constrained by City Council’ intent to be used for specific purposes but are neither restricted nor committed. Intent is expressed by a) the City Council itself or b) a body or official to which the City Council has delegated the authority to assign amounts to be used for specific purposes. The City’s highest level of decision-making authority is the City Council, who is authorized to assign amounts to a specific purpose. Unassigned Fund Balance. Consists of residual net resources of a fund that has not been restricted, committed, or assigned within the General Fund and deficit fund balances of other governmental funds. Minimum Fund Balance Policy . The City’s policy manual states that the General Fund should maintain a minimum fund balance equal to 25% of budgeted operating expenditures. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 54 Page 67 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued FUND BALANCE CLASSIFICATIONS - Continued The following is a schedule of fund balance classifications for the governmental funds as of the date of this report: Special Revenue Capital Parking Projects Meters Lakefront Debt Capital General and Lots Operations Service Improvements Nonmajor Totals Fund Balances Nonspendable Delinquent Taxes $ 450 — — — — — 450 Cemetery Perpetual Care — — — — — 957,442 957,442 Library Endowment — — — — — 180,510 180,510 Prepaids 300,186 — — — — — 300,186 300,636 — — — — 1,137,952 1,438,588 Restricted Public Library — — — — — 1,068,349 1,068,349 Tourism Commission — — — — — 756,863 756,863 Impact Fees — — — — — 776,675 776,675 Debt Service — — — 141,733 — — 141,733 Capital Projects — — — — 3,895,253 — 3,895,253 — — — 141,733 3,895,253 2,601,887 6,638,873 Assigned Fire Department 303,604 — — — — — 303,604 Police Department 98,340 — — — — — 98,340 Parks 33,568 — — — — — 33,568 Ambulance 31,220 — — — — — 31,220 Historical Preservation 1,767 — — — — — 1,767 Avian Committee 6,404 — — — — — 6,404 Carryforwards 307,979 — — — — — 307,979 Post-Employment 507,541 — — — — — 507,541 Parking Meters and Lots — 1,231,464 — — — — 1,231,464 Lakefront Operations — — 1,645,575 — — — 1,645,575 Cemetery Operations — — — — — 136,033 136,033 COVID Expenditures — — — — — 417 417 Capital Improvements — — — — 1,152,067 — 1,152,067 Equipment Replacement — — — — — 1,547,092 1,547,092 1,290,423 1,231,464 1,645,575 — 1,152,067 1,683,542 7,003,071 Unassigned 8,471,039 — — — — — 8,471,039 Total Fund Balances 10,062,098 1,231,464 1,645,575 141,733 5,047,320 5,423,381 23,551,571 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 55 Page 68 of 226 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued NET POSITION CLASSIFICATIONS Net investment in capital assets was comprised of the following as of December 31, 2025: Governmental Activities Capital Assets - Net of Accumulated Depreciation $ 35,709,209 Plus: Unspent Bond Proceeds 3,895,253 Less Capital Related Debt: Capital Related Accounts Payable (627,293) General Obligation Bonds Payable (5,360,000) Notes Payable (15,730,000) Unamortized Premium (855,698) Net Investment in Capital Assets 17,031,471 Business-Type Activities Capital Assets - Net of Accumulated Depreciation 28,013,468 Less Capital Related Debt: None — Investment in Capital Assets 28,013,468 NOTE 4 - OTHER INFORMATION RISK MANAGEMENT The City is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; natural disasters; and injuries to the City’s employees. The City has purchased insurance from private insurance companies. Risks covered included certain types of liabilities and bonds. Premiums have been displayed as expenditures/expenses in appropriate funds. There were no significant changes in insurance coverages from the prior year and settlements did not exceed insurance coverage in any of the past three fiscal years. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 56 Page 69 of 226 NOTE 4 - OTHER INFORMATION - Continued CONTINGENT LIABILITIES Litigation From time to time, the City is party to various pending claims and legal proceedings with respect to employment, civil rights, property taxes and other matters. Although the outcome of such matters cannot be forecasted with certainty, it is the opinion of management and the City attorney that the likelihood is remote that any such claims or proceedings will have a material adverse effect on the City's financial position or results of operations. Grants Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies, principally the federal government. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor cannot be determined at this time although the City expects such amounts, if any, to be immaterial. EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN Wisconsin Retirement System (WRS) Plan Descriptions Plan Administration. The Wisconsin Retirement System (WRS) is a cost-sharing multiple-employer defined benefit pension plan. WRS benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. Benefit terms may onely be modified by the legislature. The retirement system is administered by the Wisconsin Department of Employee Trust Funds (ETF). The system provides coverage to all eligible State of Wisconsin, local government, and other public employees. All employees, initially employed by a participating WRS employer on or after July 1, 2011, expected to work at least 1,200 hours a year (880 hours for teachers and school district educational support employees) and expected to be employed for at least one year from employee’s date of hire are eligible to participate in the WRS. ETF issues a standalone Annual Comprehensive Financial Report (ACFR), which can be found at https:// etf.wi.gov/about-etf/reports-and-studies/financial-reports-and-statements. Additionally, ETF issued a standalone Wisconsin Retirement System Financial Report, which can also be found using the link above. Vesting. For employees beginning participation on or after January 1, 1990, and no longer actively employed on or after April 24, 1998, creditable service in each of five years is required for eligibility for a retirement annuity. Participants employed prior to 1990 and on or after April 24, 1998, and prior to July 1, 2011, are immediately vested. Participants who initially became WRS eligible on or after July 1, 2011, must have five years of creditable service to be vested. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 57 Page 70 of 226 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Plan Descriptions - Continued Benefits Provided. Employees who retire at or after age 65 (54 for protective occupations and 62 for elected officials and executive service retirement plan participants, if hired on or before 12/31/2016) are entitled to a retirement benefit based on a formula factor, their final average earnings, and creditable service. Final average earnings is the average of the participant's three highest annual earnings periods. Creditable service includes current service and prior service for which a participant received earnings and made contributions as required. Creditable service also includes creditable military service. The retirement benefit will be calculated as a money purchase benefit based on the employee’s contributions plus matching employer's contributions, with interest, if that benefit is higher than the formula benefit. Vested participants may retire at or after age 55 (50 for protective occupations) and receive an actuarially-reduced benefit. Participants terminating covered employment prior to eligibility for an annuity may either receive employee-required contributions plus interest as a separation benefit or leave contributions on deposit and defer application until eligible to receive a retirement benefit. The WRS also provides death and disability benefits for employees. Post-Retirement Adjustments. The Employee Trust Funds Board may periodically adjust annuity payments from the retirement system based on annual investment performance in accordance with s. 40.27, Wis. Stat. An increase (or decrease) in annuity payments may result when investment gains (losses), together with other actuarial experience factors, create a surplus (shortfall) in the reserves, as determined by the system’s consulting actuary. Annuity increases are not based on cost of living or other similar factors. For Core annuities, decreases may be applied only to previously granted increases. By law, Core annuities cannot be reduced to an amount below the original, guaranteed amount (the floor) set at retirement. The Core and Variable annuity adjustments granted during recent years are as follows Core Fund Variable Fund Year Adjustment Adjustment 2015 2.9% 2.0% 2016 0.5% (5.0%) 2017 2.0% 4.0% 2018 2.4% 17.0% 2019 —% (10.0%) 2020 1.7% 21.0% 2021 5.1% 13.0% 2022 7.4% 15.0% 2023 1.6% (21.0%) 2024 3.6% 15.0% CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 58 Page 71 of 226 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Plan Descriptions - Continued Contributions. Required contributions are determined by an annual actuarial valuation in accordance with Chapter 40 of the Wisconsin Statutes. The employee required contribution is one-half of the actuarially determined contribution rate for General category employees, including Teachers, Executives and Elected Officials. Starting on January 1, 2016, the Executives and Elected Officials category was merged into the General Employee Category. Required contributions for protective employees are the same rate as general employees. Employers are required to contribute the remainder of the actuarially determined contribution rate. The employer may not pay the employee required contribution unless provided for by an existing collective bargaining agreement. During the reporting period, the WRS recognized $1,141,921 in contributions from the employer. Contributions rates as of December 31, 2024 are: Employee Category Employee Employer General (including teachers, executive, and elected official) 6.90% 6.90% Protective Occupation with Social Security 6.90% 14.30% Protective Occupation without Social Security 6.90% 19.10% Act 4 Protective County Jailers 14.30% 6.90% Pension Liabilties, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At December 31, 2025, the City reported a net pension liability of $1,004,889 for its proportionate share of the net pension liability. The net pension liability was measured as of December 31, 2024, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of December 31, 2023 , rolled forward to December 31, 2024. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The City’s proportion of the net pension liability was based on the City’s share of contributions to the pension plan relative to the contributions of all participating employers. At December 31, 2024 , the City’s proportion was 0.06115573%, which was an increase of 0.00843832% from its proportion measured as of December 31, 2023. For the year ended December 31, 2025, the City recognized pension expense of $1,285,022. For the year ended December 31, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 59 Page 72 of 226 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Pension Liabilties, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions - Continued Deferred Deferred Outflows of Inflows of Resources Resources Totals Differences Between Expected and Actual Experience $ 3,120,732 (2,932,510) 188,222 Net Difference Between Projected and Actual Earnings on Pension Plan Investments 1,526,984 — 1,526,984 Changes of Assumptions 298,170 — 298,170 Changes in Proportion and Differences Between Employer Contributions and Proportionate Share of Contributions — (89,430) (89,430) Total Pension Expense to be Recognized in Future Periods 4,945,886 (3,021,940) 1,923,946 Pension Contributions Made Subsequent to the Measurement Date 1,141,921 — 1,141,921 Total Deferred Amounts Related to Pensions 6,087,807 (3,021,940) 3,065,867 $1,141,921 reported as deferred outflows of resources related to pension resulting from the WRS Employer’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31, 2026. Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense in future periods as follows: Net Deferred Outflows/ Fiscal (Inflows) Year of Resources 2026 $ 570,274 2027 2,055,353 2028 (533,636) 2029 (168,045) 2030 — Thereafter — Total 1,923,946 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 60 Page 73 of 226 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Actuarial Assumptions The total pension liability in the December 31, 2024 , actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Actuarial Valuation Date December 31, 2023 Measurement Date of Net Pension Liability December 31, 2024 Experience Study January 1, 2021 - December 31, 2023 Published November 19, 2024 Actuarial Cost Method Entry Age Normal Asset Valuation Method Fair Value Long-Term Expected Rate of Return 6.80% Discount Rate 6.80% Salary Increases Wage Inflation 3.00% Seniority/Merit 0.10% - 5.70% Mortality 2020 WRS Experience Mortality Table Post-Retirement Adjustments* 1.70% *No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience, and other factors. 1.7% is the assumed annual adjustment based on the investment return assumption and the post-retirement discount rate. Includes the impact of known Market Recognition Account deferred gains/losses on the liability for dividend payments. Actuarial assumptions are based upon an experience study conducted in 2024 that covered a three-year period from January 1, 2021 to December 31, 2023. Based on this experience study, actuarial assumptions used to measure the total pension liability changed from prior year, including seniority (merit) and separation rates. The total pension liability for December 31, 2024 is based upon a roll-forward of the liability calculated from the December 31, 2023 actuarial valuation. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 61 Page 74 of 226 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Long-Term Expected Return on Plan Assets The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table: Long-Term Long-Term Target Expected Nominal Expected Real Core Fund Asset Class Allocation Rate of Return Rate of Return Public Equity 38.0% 7.0% 4.3% Public Fixed Income 27.0% 6.1% 3.4% Private Equity/Debt 20.0% 9.5% 6.7% Inflation Sensitive 19.0% 4.8% 2.1% Real Estate 8.0% 6.5% 3.8% Leverage (12.0%) 3.7% 1.1% Total Core Fund 100.0% 7.5% 4.8% Variable Fund Asset Class U.S. Equities 70.0% 6.5% 3.8% International Equities 30.0% 7.4% 4.7% Total Variable Fund 100.0% 6.9% 4.2% Single Discount Rate A single discount rate of 6.8% was used to measure the total pension liability for the current and prior year. The discount rate is based on the expected rate of return on pension plan investments of 6.8% and a municipal bond rate of 4.08% (Source: "20-Bond GO Index" is the Bond Buyer Index, general obligation, 20 years to maturity, mixed quality as of December 31, 2024. In describing this index, the Bond Buyer notes that the bonds' average quality is roughly equivalent to Moody's Investors Service's Aa2 rating and Standard and Poor's Corp.'s AA.). Because of the unique structure of WRS, the 6.8% expected rate of return implies that a dividend of approximately 1.7% will always be paid. For purposes of the single discount rate, it was assumed that the dividend would always be paid. The projection of cash flows used to determine this single discount rate assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on these assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments (including expected dividends) of current plan members. Therefore, the municipal bond rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 62 Page 75 of 226 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Sensitivity of the City’s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents the City’s proportionate share of the net pension liability calculated using the discount rate, as well as what the City’s proportionate share of the net pension liability/(asset) would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate: Current 1% Decrease Discount Rate 1% Increase (5.80%) (6.80%) (7.80%) City's Proportionate Share of the Net Pension Liability/(Asset) $ 9,427,179 1,004,889 (4,978,904) Pension Plan Fiduciary Net Position Detailed information about the pension plan’s fiduciary net position is available in separately issued financial statements available at https://etf.wi.gov/aboutetf/reports-and-studies/financial-reports-and-statements. OTHER POST-EMPLOYMENT BENEFITS The District contributes to two other post-employment benefit plans, the Local Retiree Life Insurance Fund (LRLIF) and the Retiree Benefit Plan (RBP) . The aggregate amounts recognized for the other post-employment plans are: Net/Total Deferred Deferred Pension OPEB Outflows of Inflows of Expense Liability Resources Resources Local Retiree Life Insurance Fund $ 54,140 565,845 276,740 376,240 Retiree Benefit Plan 559,826 5,393,797 898,615 669,263 613,966 5,959,642 1,175,355 1,045,503 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 63 Page 76 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Local Retiree Life Insurance Fund (LRLIF) Plan Description The LRLIF is a multiple-employer defined benefit OPEB plan. LRLIF benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. The Wisconsin Department of Employee Trust Funds (ETF) and the Group Insurance Board have statutory authority for program administration and oversight. The plan provides post-employment life insurance benefits for all eligible members. OPEB Plan Fiduciary Net Position. ETF issues a standalone Annual Comprehensive Financial Report (ACFR), which can be found at https://etf.wi.gov/about-etf/reports-and-studies/financial-reports-and-statements. Additionally, ETF issued a standalone Retiree Life Insurance Financial Report, which can also be found using the link above. Benefits Provided. The LRLIF plan provides fully paid up life insurance benefits for post-age 64 retired members and pre-65 retirees who pay for their coverage. Contributions. The Group Insurance Board approves contribution rates annually, based on recommendations from the insurance carrier. Recommended rates are based on an annual valuation, taking into consideration an estimate of the present value of future benefits and the present value of future contributions. A portion of employer contributions made during a member’s working lifetime funds a post-retirement benefit. Employers are required to pay the following contributions based on member contributions for active members to provide them with Basic Coverage after age 65. There are no employer contributions required for pre-age 65 annuitant coverage. If a member retires prior to age 65, they must continue paying the member premiums until age 65 in order to be eligible for the benefit after age 65. Contribution rates as of December 31, 2024 are: Coverage Type Employer Contribution 50% Post Retirement Coverage 40% of Member Contribution 25% Post Retirement Coverage 20% of Member Contribution CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 64 Page 77 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Local Retiree Life Insurance Fund (LRLIF) - Continued Plan Description - Continued Contributions - Continued. Member contributions are based upon nine age bands through age 69 and an additional eight age bands for those age 70 and over. Participating members must pay monthly contribution rates per $1,000 of coverage until the age of 65 (age 70 if active). The member contribution rates in effect for the year ended December 31, 2024 are as listed below: Attained Age Basic Supplemental Under 30 0.0500 0.0500 30-34 0.0600 0.0600 35-39 0.0700 0.0700 40-44 0.0800 0.0800 45-49 0.1200 0.1200 50-54 0.2200 0.2200 55-59 0.3900 0.3900 60-64 0.4900 0.4900 65-69 0.5700 0.5700 During the reporting period, the LRLIF recognized $988 in contributions from the employer. OPEB Liabilties, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB At December 31, 2025 , the City reported a liability of $565,845 for its proportionate share of the net OPEB liability. The net OPEB liability was measured as of December 31, 2024 , and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of December 31, 2023 rolled forward to December 31, 2024 . No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The City’s proportion of the net OPEB liability was based on the City’s share of contributions to the OPEB plan relative to the contributions of all participating employers. At December 31, 2024 , the City’s proportion was 0.14463400%, which was an increase of 0.01130000% from its proportion measured as of December 31, 2023. For the year ended December 31, 2025, the City recognized OPEB expense of $54,140. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 65 Page 78 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Local Retiree Life Insurance Fund (LRLIF) - Continued OPEB Liabilties, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB - Continued For the year ended December 31, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Totals Differences Between Expected and Actual Experience $ — (58,869) (58,869) Net Difference Between Projected and Actual Earnings on OPEB Plan Investments 7,771 — 7,771 Changes of Assumptions 138,842 (317,371) (178,529) Changes in Proportion and Differences Between Employer Contributions and Proportionate Share of Contributions 129,139 — 129,139 Total OPEB Expense to be Recognized in Future Periods 275,752 (376,240) (100,488) OPEB Contributions Made Subsequent to the Measurement Date 988 — 988 Total Deferred Amounts Related to OPEB 276,740 (376,240) (99,500) $988 reported as deferred outflows of resources related to OPEB resulting from employer contributions subsequent to the measurement date and will be recognized as a reduction of the net OPEB liability in the reporting year ended December 31, 2026 . Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Net Deferred Outflows/ Fiscal (Inflows) Year of Resources 2026 $ 8,826 2027 (18,670) 2028 (40,315) 2029 (40,822) 2030 2,469 Thereafter (11,976) Total (100,488) CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 66 Page 79 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Local Retiree Life Insurance Fund (LRLIF) - Continued Actuarial Assumptions The Total OPEB Liability in the December 31, 2024 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Actuarial Valuation Date December 31, 2023 Measurement Date of Net OPEB Liability December 31, 2024 Experience Study January 1, 2021 - December 31, 2023 Published November 19, 2024 Actuarial Cost Method Entry Age Normal 20 Year Tax-Exempt Municipal Bond Yield 4.08% Long-Term Expected Rate of Return 4.25% Discount Rate 4.09% Salary Increases Wage Inflation 3.00% Seniority/Merit 0.10% - 5.70% Mortality 2020 WRS Experience Mortality Table Actuarial assumptions are based upon an experience study conducted in 2024 that covered a three-year period from January 1, 2021 to December 31, 2023. The Total OPEB Liability for December 31, 2024 is based upon a roll-forward of the liability calculated from the January 1, 2024 actuarial valuation. Long-Term Expected Return on Plan Assets The long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. Investments for the LRLIF are held with Securian, the insurance carrier. Interest is calculated and credited to the LRLIF based on the rate of return for a segment of the insurance carriers’ general fund, specifically 10-year A- Bonds (as a proxy, and not tied to any specific investments). The overall aggregate interest rate is calculated using a tiered approach based on the year the funds were originally invested and the rate of return for that year. Investment interest is credited based on the aggregate rate of return and assets are not adjusted to fair market value. Furthermore, the insurance carrier guarantees the principal amounts of the reserves, including all interest previously credited thereto. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 67 Page 80 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Local Retiree Life Insurance Fund (LRLIF) - Continued Asset Allocation Targets and Expected Returns Long-Term Expected Target Geometric Real Asset Class Index Allocation Rate of Return US Intermediate Credit Bonds Bloomberg US Interm Credit 40.00% 2.41% US Mortgages Bloomberg US MBS 60.00% 2.71% Inflation 2.30% Long-Term Expected Rate of Return 4.25% The long-term expected rate of return remained unchanged from the prior year at 4.25%. The long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. The expected inflation rate remained unchanged from the prior year at 2.30%. Single Discount Rate A single discount rate of 4.09% was used to measure the total OPEB liability for the current year, as opposed to a discount rate of 3.32% for the prior year. The change in the discount rate was primarily caused by the increase in the municipal bond rate from 3.26% as of December 31, 2023 to 4.08% as of December 31, 2024. The Plan’s fiduciary net position was projected to be insufficient to make all projected future benefit payments of current active and inactive members. Therefore, the discount rate for calculating the total OPEB liability is equal to the single equivalent rate that results in the same actuarial present value as the long-term expected rate of return applied to benefit payments, to the extent that the plan’s fiduciary net position is projected to be sufficient to make projected benefit payments, and the municipal bond rate applied to benefit payment to the extent that the plan’s fiduciary net position is projected to be insufficient. The plan’s fiduciary net position was projected to be available to make projected future benefit payments of current plan members through December 31, 2037. The projection of cash flows used to determine the single discount rate assumed that employer contributions will be made according to the current employer contribution schedule and that contributions are made by plan members retiring prior to age 65. Sensitivity of the City’s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents the City’s proportionate share of the net pension liability calculated using the discount rate, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate: Current 1% Decrease Rate 1% Increase (3.09%) (4.09%) (5.09%) City's Proportionate Share of the Net OPEB Liability $ 756,332 565,845 419,059 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 68 Page 81 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Retiree Benefit Plan General Information about the Retiree Benefit Plan Plan Description. The City’s defined benefit OPEB plan, Retiree Benefits Plan (RBP), provides OPEB for all permanent full-time general and public safety employees of the City. RBP is a single-employer defined benefit OPEB plan administered by the City. Article 11 of the State Compiled Statutes grants the authority to establish and amend the benefit terms and financing requirements to the City Council. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement 75. Benefits Provided. The plan provides healthcare coverage for eligible retirees and their spouses through the City's insurance plan which covers both active and retired members. For non-union, water, and sewer employees at least age 55 with a minimum of 20 years of service and retires under WRS hired prior to January 1, 2014, the City will contribute 50% of the single or family health insurance premiums on behalf of the retiree. The City's contributions, however, will not exceed Medicare or age 65. Non-union employees hired on or after January 1, 2014 are not eligible for an explicit City provided insurance benefit upon retirement. However, they have the opportunity to pay the premium to remain on the City's plan for the duration of COBRA. For police exempt employees at least age 55 with a minimum of 20 years of service and retirees under WRS the City will pay the full amount (100%) of the single health insurance premiums or will contribute 60% of the family health insurance premiums on behalf of the reitree until eligible for Medicare. For police union employees at least age 54 with a minimum of 20 years of service and eligible for WRS or at least age 53 with a minimum of 25 years of service and eligible for WRS, the City will pay the full amount (100%) of the single or will contribute 60% of the family health insurance premiums (City pays 40% if retiree is age 53 - goes to 60% once retiree reaches age 54) on behalf of the retiree until eligible for Medicare. Should the employee choose to retire at age 52, the retiree will be responsible for the full health premium amounts until they reach age 53. In no event will the City's premium contributions commence prior to reaching the age of 53. Plan Membership. As of December 31, 2025 , the measurement date, the following employees were covered by the benefit terms: Inactive Plan Members Currently Receiving Benefits 7 Inactive Plan Members Entitled to but not yet Receiving Benefits — Active Plan Members 111 Total 118 *The employees in the above table include the Commission. A detailed breakdown between the City and the Commission is not available. Total OPEB Liability The City’s total OPEB liability was measured as of December 31, 2025 , and was determined by an actuarial valuation as of December 31, 2024. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 69 Page 82 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Retirement Benefit Plan - Continued Total OPEB Liability - Continued Actuarial Assumptions. The total OPEB liability in the December 31, 2024 actuarial valuation was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified: Actuarial Valuation Date December 31, 2024 Measurement Date December 31, 2025 Reporting Date December 31, 2025 Actuarial Cost Method Entry Age Normal (Level Percent of Salary) Healthcare Trend Rate 7.00% decreasing to 6.50%, then decreasing by 0.10% per year down to 4.50%, and level thereafter Discount Rate* 4.43% Actuarial Assumptions Based on an experience study conducted in 2021 using Wisconsin Retirement System (WRS) experience from 2018-20. Mortality Assumptions 2020 WRS Experience Tables for Active Employees and Healthy Retirees projected with mortality improvements using the fully generational MP-2021 projection scale from a base year of 2010. *Implicit in this rate is an assumed rate of inflation of 2.50% The discount rate is based on the S&P Municipal Bond 20 Year High Grade Index as of the measurement date. CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 70 Page 83 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Retirement Benefit Plan - Continued Change in the Net OPEB Liability Total OPEB Liability Balance at December 31, 2024 $ 5,098,581 Changes for the Year: Service Cost 333,268 Interest on the Total OPEB Liability 221,563 Changes of Benefit Terms — Difference Between Expected and Actual Experience (6,376) Changes of Assumptions or Other Inputs (77,879) Benefit Payments (175,360) Other Changes — Net Changes 295,216 Balance at December 31, 2025 5,393,797 Sensitivity of the Total OPEB Liability to Changes in the Discount Rate The discount rate used to measure the total OPEB liability was 4.43%, while the prior valuation used 4.28%. The following presents the total OPEB liability, calculated using the discount rate, as well as what the total OPEB liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher: Current 1% Decrease Discount Rate 1% Increase (3.43%) (4.43%) (5.43%) Total OPEB Liability $ 5,990,536 5,393,797 4,854,704 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 71 Page 84 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Retirement Benefit Plan - Continued Sensitivity of the Total OPEB Liability to Changes in the Healthcare Cost Trend Rates The following presents the total OPEB liability, calculated using a variable Healthcare Trend Rate, as well as what the total OPEB liability would be if it were calculated using a Healthcare Trend Rate that is one percentage point lower or one percentage point higher: Healthcare Cost Trend 1% Decrease Rates 1% Increase (Varies) (Varies) (Varies) Total OPEB Liability $ 4,680,610 5,393,797 6,248,791 OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB For the year ended December 31, 2025, the City recognized OPEB expense of $559,826. At December 31, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Totals Difference Between Expected and Actual Experience $ 477,201 (95,885) 381,316 Change in Assumptions 421,414 (573,378) (151,964) Net Difference Between Projected and Actual Earnings on OPEB Plan Investments — — — Total Deferred Amounts Related to OPEB 898,615 (669,263) 229,352 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 72 Page 85 of 226 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Retirement Benefit Plan - Continued OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB - Continued Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Net Deferred Fiscal Outflows Year of Resources 2026 $ 4,995 2027 4,995 2028 4,995 2029 4,995 2030 4,995 Thereafter 204,377 Total 229,352 CITY OF LAKE GENEVA, WISCONSIN Notes to the Financial Statements December 31, 2025 73 Page 86 of 226 REQUIRED SUPPLEMENTARY INFORMATION Required supplementary information includes financial information and disclosures that are required by the GASB but are not considered a part of the basic financial statements. Such information includes: • Schedule Employer Contributions Wisconsin Retirement System Fund - Last Ten Fiscal Years Local Retiree Life Insurance Fund • Schedule of Proportionate Share of the Net Pension Liability/(Asset) Wisconsin Retirement System Fund - Last Ten Fiscal Years Local Retiree Life Insurance Fund • Notes to the Required Supplementary Information Wisconsin Retirement System Fund Local Retiree Life Insurance Fund • Schedule of Changes in the Employer's Total OPEB Liability Retiree Benefit Plan • Budgetary Comparison Schedules General Fund Major Special Revenue Funds Notes to the Required Supplementary Information Budgetary Information - Budgets are adopted on a basis consistent with generally accepted accounting principles. 74 Page 87 of 226 Contributions in Relation to Contributions as Contractually the Contractually Contribution a Percentage of Fiscal Required Required Excess/ Covered Covered Year Contribution Contributions (Deficiency) Payroll Payroll 2016 $ 369,360 $ 369,360 $ — $ 4,850,466 7.61% 2017 401,833 401,833 — 5,231,345 7.68% 2018 435,752 435,752 — 5,349,498 8.15% 2019 437,175 437,175 — 5,657,922 7.73% 2020 502,139 502,139 — 5,960,234 8.42% 2021 529,086 529,086 — 6,709,612 7.89% 2022 598,795 598,795 — 8,137,928 7.36% 2023 783,110 783,110 — 8,165,253 9.59% 2024 989,720 989,720 — 9,418,638 10.51% 2025 1,141,921 1,141,921 — 10,316,057 11.07% Note: The amounts presented were determined as of the prior fiscal-year end. CITY OF LAKE GENEVA, WISCONSIN Wisconsin Retirement System Schedule of Employer Contributions - Last Ten Fiscal Years December 31, 2025 75 Page 88 of 226 Contributions in Relation to Contributions as Contractually the Contractually Contribution Covered- a Percentage of Fiscal Required Required Excess/ Employee Covered-Employee Year Contribution Contributions (Deficiency) Payroll Payroll 2018 $ 1,999 $ 1,999 $ — $ 5,388,000 0.04% 2019 2,089 2,089 — 5,371,000 0.04% 2020 1,849 1,849 — 6,056,000 0.03% 2021 2,151 2,151 — 6,475,000 0.03% 2022 2,329 2,329 — 6,291,000 0.04% 2023 2,488 2,488 — 7,115,000 0.03% 2024 1,061 1,061 — 8,575,000 0.01% 2025 988 988 — 5,292,000 0.02% Note: This schedule is intended to show information for ten years. Information for additional years will be displayed as it becomes available. CITY OF LAKE GENEVA, WISCONSIN Local Retiree Life Insurance Fund Schedule of Employer Contributions December 31, 2025 76 Page 89 of 226 Plan Fiduciary Proportionate Contributions as Net Position Proportion of Share of the a Percentage of as a Percentage Fiscal the Net Pension Net Pension Covered Covered of Total Pension Year Liability/(Asset) Liability/(Asset) Payroll Payroll Liability 2016 0.03818226% $ 620,454 $ 4,754,696 13.05% 98.20% 2017 0.03802408% 313,409 4,850,466 6.46% 99.12% 2018 0.03870988% (1,149,342) 5,231,345 (21.97%) 102.93% 2019 0.04031268% 1,434,197 5,349,498 26.81% 96.45% 2020 0.04127364% (1,330,851) 5,657,922 (23.52%) 102.96% 2021 0.04289372% (2,677,914) 5,960,234 (44.93%) 105.26% 2022 0.04396286% (3,543,487) 6,709,612 (52.81%) 106.02% 2023 0.04726504% 2,503,961 8,137,928 30.77% 95.72% 2024 0.05271741% 783,805 8,165,253 9.60% 98.85% 2025 0.06115573% 1,004,889 9,418,638 10.67% 98.79% Note: The amounts presented were determined as of the prior fiscal-year end. CITY OF LAKE GENEVA, WISCONSIN Wisconsin Retirement System Fund Schedule of Proportionate Share of the Net Pension Liability/(Asset) - Last Ten Fiscal Years December 31, 2025 77 Page 90 of 226 Changes in Benefit Terms: There were no changes of benefit terms for any participating employer in WRS. Change in Assumptions: Based on a three-year experience study conducted in 2021 covering January 1, 2018 through December 31, 2020, the ETF Board adopted assumption changes that were used to measure the total pension liability beginning with the year ended December 31, 2021, including the following: • Lowering the long-term expected rate of return from 7.0% to 6.8% • Lowering the discount rate from 7.0% to 6.8% • Lowering the price inflation rate from 2.5% to 2.4% • Lowering the post-retirement adjustments from 1.9% to 1.7% • Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2018 Mortality Table to the 2020 WRS Experience Mortality Table. Based on a three-year experience study conducted in 2018 covering January 1, 2015 through December 31, 2017, the ETF Board adopted assumption changes that were used to measure the total pension liability beginning with the year-ended December 31, 2018, including the following: • Lowering the long-term expected rate of return from 7.2% to 7.0% • Lowering the discount rate from 7.2% to 7.0% • Lowering the wage inflation rate from 3.2% to 3.0% • Lowering the price inflation rate from 2.7% to 2.5% • Lowering the post-retirement adjustments from 2.1% to 1.9% • Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2012 Mortality Table to the Wisconsin 2018 Mortality Table. CITY OF LAKE GENEVA, WISCONSIN Wisconsin Retirement System Notes to the Required Supplementary Information December 31, 2025 78 Page 91 of 226 Valuation Date December 31, 2022 Actuarial Cost Method Frozen Entry Age Amortization Method Level Percent of Payroll-Closed Amortization Period Amortization Period 30 Years Closed from Date of Participation in WRS Asset Valuation Method Five Year Smoothed Market (Closed) Actuarial Assumptions Net Investment Rate of Return 5.40% Weighted Based on Assumed Rate for: Pre-Retirement 6.80% Post-Retirement 5.00% Salary Increases Wage Inflation 3.00% Seniority/Merit 0.10% - 5.70% Post Retirement Benefit Adjustments* 1.70% Retirement Age Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2021 valuation pursuant to an experience study of the period 2018-2020. Mortality 2020 WRS Experience Tables. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2021 fully generational improvement scale from a base year of 2010. *No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience, and other factors. Value is the assumed annual adjustment based on the investment return assumption and the post-retirement discount rate. CITY OF LAKE GENEVA, WISCONSIN Wisconsin Retirement System Notes to the Required Supplementary Information - Continued December 31, 2025 79 Page 92 of 226 Plan Fiduciary Proportionate Contributions as Net Position Proportion of Share of the Covered- a Percentage of as a Percentage Fiscal the Net OPEB Net OPEB Employee Covered-Employee of Total OPEB Year Liability Liability Payroll Payroll Liability 2018 0.10013200% $ 301,255 $ 4,854,000 6.21% 44.81% 2019 0.10315000% 266,846 5,388,000 4.95% 48.69% 2020 0.10527300% 448,273 5,371,000 8.35% 37.58% 2021 0.10789600% 593,606 6,056,000 9.80% 31.36% 2022 0.11383500% 672,807 6,475,000 10.39% 29.57% 2023 0.11885300% 452,809 6,291,000 7.20% 38.81% 2024 0.13333400% 613,424 7,115,000 8.62% 33.90% 2025 0.14463400% 565,845 8,575,000 6.60% 37.20% Notes: This schedule is intended to show information for ten years. Information for additional years will be displayed as it becomes available. The amounts presented were determined as of the prior fiscal year-end. CITY OF LAKE GENEVA, WISCONSIN Local Retiree Life Insurance Fund Schedule of Proportionate Share of the Net OPEB Liability December 31, 2025 80 Page 93 of 226 Change in Benefit Terms: There were no recent changes in benefit terms. Change in Assumptions: In addition to the rate changes detailed in the tables above, the State of Wisconsin Employee Trust Fund Board adopted economic and demographic assumption changes based on a three year experience study performed for the Wisconsin Retirement System. These assumptions are used in the actuarial valuations of OPEB liabilities (assets) for the retiree life insurance programs and are summarized below. The assumption changes that were used to measure the December 31, 2021 total OPEB liabilities, including the following: • Lowering the price inflation rate from 2.5% to 2.4% • Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2018 Mortality Table to the 2020 WRS Experience Mortality Table. The assumption changes that were used to measure the December 31, 2018 total OPEB liabilities, including the following: • Lowering the long-term expected rate of return from 5.00% to 4.25% • Lowering the wage inflation rate from 3.2% to 3.0% • Lowering the price inflation rate from 2.7% to 2.5% • Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2012 Mortality Table to the Wisconsin 2018 Mortality Table. CITY OF LAKE GENEVA, WISCONSIN Local Retiree Life Insurance Fund Notes to the Required Supplementary Information December 31, 2025 81 Page 94 of 226 12/31/2018 Total OPEB Liability Service Cost $ 134,430 Interest 97,738 Changes in Benefit Terms — Differences Between Expected and Actual Experience 118,768 Change of Assumptions or Other Inputs (368,054) Benefit Payments (301,133) Other Changes 64,956 Net Change in Total OPEB Liability (253,295) Total OPEB Liability - Beginning 3,068,112 Total OPEB Liability - Ending 2,814,817 Covered-Employee Payroll $ 3,986,408 Total OPEB Liability as a Percentage of Covered-Employee Payroll 70.61 % Notes: This schedule is intended to show information for ten years. Information for additional years will be displayed as it becomes available. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement 75. Changes of Assumptions. Changes of assumptions and other inputs reflect the effects of changes in the discount rate from 2018 through 2025. CITY OF LAKE GENEVA, WISCONSIN Retiree Benefit Plan Schedule of Changes in the Employer's Total OPEB Liability December 31, 2025 82 Page 95 of 226 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 149,141 198,265 268,072 247,267 230,775 240,583 333,268 99,168 95,010 81,567 98,566 150,976 160,494 221,563 — — — — — — — — 382,026 — (150,243) — 596,501 (6,376) 101,579 769,788 (136,043) (838,815) — 526,768 (77,879) (180,836) (139,842) (173,597) (191,966) (161,759) (163,622) (175,360) 371 23,570 — — — — — 169,423 1,328,817 39,999 (835,191) 219,992 1,360,724 295,216 2,814,817 2,984,240 4,313,057 4,353,056 3,517,865 3,737,857 5,098,581 2,984,240 4,313,057 4,353,056 3,517,865 3,737,857 5,098,581 5,393,797 2,714,308 4,519,776 4,027,470 6,664,774 6,664,774 9,642,150 9,642,150 109.94 % 95.43 % 108.08 % 52.78 % 56.08 % 52.88 % 55.94 % 83 Page 96 of 226 Original Final Budget Budget Actual Revenues Taxes $ 6,811,378 6,899,378 6,924,714 Intergovernmental 1,425,304 1,520,304 1,610,390 Licenses and Permits 798,400 870,200 845,377 Charges for Services 3,456,153 3,466,003 3,724,809 Fines and Forfeitures 140,100 230,185 231,886 Investment Income 312,393 312,393 311,883 Miscellaneous 1,903,928 1,903,928 105,912 Total Revenues 14,847,656 15,202,391 13,754,971 Expenditures General Government 2,888,824 3,044,519 2,729,406 Public Safety 11,453,070 11,604,020 11,162,270 Public Works 3,055,705 3,122,404 2,976,762 Culture and Recreation 690,221 671,612 564,299 Conservation and Development 93,404 102,954 142,896 Total Expenditures 18,181,224 18,545,509 17,575,633 Excess (Deficiency) of Revenues Over (Under) Expenditures (3,333,568) (3,343,118) (3,820,662) Other Financing Sources (Uses) Disposal of Capital Assets 10,000 10,000 — Transfers In 3,587,718 3,587,718 4,106,154 Transfers Out (264,153) (264,153) (264,153) 3,333,565 3,333,565 3,842,001 Net Change in Fund Balance (3) (9,553) 21,339 Fund Balance - Beginning 10,040,759 Fund Balance - Ending 10,062,098 CITY OF LAKE GENEVA, WISCONSIN General Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 84 Page 97 of 226 Original Final Budget Budget Actual Revenues Charges for Services $ 3,611,300 3,630,675 3,886,445 Investment Income 101,000 101,000 119,134 Total Revenues 3,712,300 3,731,675 4,005,579 Expenditures Public Works 910,815 930,190 810,171 Excess (Deficiency) of Revenues Over (Under) Expenditures 2,801,485 2,801,485 3,195,408 Other Financing (Uses) Transfers Out (2,726,484) (2,726,484) (3,120,409) Net Change in Fund Balance 75,001 75,001 74,999 Fund Balance - Beginning 1,156,465 Fund Balance - Ending 1,231,464 CITY OF LAKE GENEVA, WISCONSIN Parking Meters and Lots - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 85 Page 98 of 226 Original Final Budget Budget Actual Revenues Intergovernmental Grants $ 32,400 32,400 25,550 Charges for Services 1,183,150 1,222,050 1,182,637 Investment Income 75,000 75,000 74,337 Miscellaneous 395,998 395,998 402,894 Total Revenues 1,686,548 1,725,448 1,685,418 Expenditures Culture and Recreation 1,010,315 1,049,215 919,716 Excess (Deficiency) of Revenues Over (Under) Expenditures 676,233 676,233 765,702 Other Financing (Uses) Transfers Out (601,234) (601,234) (683,061) Net Change in Fund Balance 74,999 74,999 82,641 Fund Balance - Beginning 1,562,934 Fund Balance - Ending 1,645,575 CITY OF LAKE GENEVA, WISCONSIN Lakefront Operations - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 86 Page 99 of 226 OTHER SUPPLEMENTARY INFORMATION Other supplementary information includes financial statements and schedules not required by the GASB, nor a part of the basic financial statements, but are presented for purposes of additional analysis. Such statements and schedules include: • Budgetary Comparison Schedules - Major Governmental Funds • Combining Statements - Nonmajor Governmental Funds • Budgetary Comparison Schedules - Nonmajor Governmental Funds • Budgetary Comparison Schedules - Enterprise Funds 87 Page 100 of 226 GENERAL FUND The General Fund is used to account for all financial resources except those required to be accounted for in another fund. The General Fund is a major Fund. SPECIAL REVENUE FUNDS The Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than fiduciary funds or capital projects funds) that are legally restricted to expenditures for specified purposes. Parking Meters and Lots Fund The Parking Meters and Lots Fund is used to account for collections through parking meters and parking violations, to support wages for monitoring operations and providing resources to support City operations. Lakefront Operations Fund The Lakefront Operations Fund is used to account for collections through lakefront rents and fees, to support wages for monitoring operations and providing resources to support City operations. Public Library Fund The Public Library is used to account for the City’s operation and maintenance of the library. Cemetery Operations Fund The Cemetery Operations Fund is used to account for the operation and maintenance of the City’s two cemeteries. ARPA Fund The ARPA Fund is used for one capital project in 2024. Tourism Commission Fund The Tourism Commission Fund is used to account for the promotion of tourism within the City of Lake Geneva. Impact Fees Fund The Impact Fees Fund is used to account for Parks, Public Works, Library, Water and Sewer expenditures as allowed by Wisconsin State Statue. INDIVIDUAL FUND DESCRIPTIONS 88 Page 101 of 226 DEBT SERVICE FUND The Debt Service Fund is used account for the accumulation of resources for, and the payment of general long- term debt principal, interest, and related costs. CAPITAL PROJECTS FUNDS The Capital Projects Funds are used to account for all resources used for the acquisition of capital facilities by a governmental unit except those financed by Proprietary Funds. Capital Improvements Fund The Capital Improvements Fund is used to account for the design, construction, renovation, and equipping of the City's buildings and other related projects such as acquisition of land and/or land improvements or certain infrastructure projects. Equipment Replacement Fund The Equipment Replacement Fund is used to account for the replacement of existing City equipment. PERMANENT FUNDS Permanent funds are used to account for resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the Fund’s programs, that is, for the benefit of the Fund or its citizenry. Cemetery Perpetual Care Fund The Cemetery Perpetual Care Fund is used to account for the ongoing perpetual care of the Cemeteries. Public Library Investment Fund The Public Library Investment Fund is used to account for investment revenues and expenditure for the Library. INDIVIDUAL FUND DESCRIPTIONS - Continued 89 Page 102 of 226 ENTERPRISE FUNDS The Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises where the intent is that costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or where it has been decided that periodic determination of revenues earned, expenses incurred and/or net income is appropriate for capital maintenance, public policy, management control, accountability or other purpose. Water Utility Fund The Water Utility Fund is used to account for the City’s operation and maintenance of the water distribution system for residents, business entities, and public authorities of the City. Sewer Utility Fund The Sewer Utility Fund is used to account for the City’s operation and maintenance of the wastewater treatment and disposal system for residents, business entities and public authorities of the City. CUSTODIAL FUND The Custodial Funds are used to account for assets held by the City in a trustee capacity or as a custodian for individuals, private organizations, and/or other governmental units Tax Collection Fund The Tax Collection Fund is used to account for the temporary placeholder for property taxes that will be distributed to governments entities. INDIVIDUAL FUND DESCRIPTIONS - Continued 90 Page 103 of 226 Taxes Property Tax $ 6,121,173 6,121,173 6,126,289 Room Tax 650,500 738,500 741,932 Special Assessments Tax 2,439 2,439 25,180 Mobile Home Tax 5,000 5,000 3,719 Sales Tax Discount 1,300 1,300 1,721 Aids in Lieu of Taxes 10,941 10,941 10,941 Interest on Taxes 1,025 1,025 132 Omitted and Miscellaneous Tax 19,000 19,000 14,800 6,811,378 6,899,378 6,924,714 Intergovernmental Municipal Recycling Grant 24,000 24,000 23,857 State Shared Revenue 357,979 452,979 456,778 State Aid for Highways 872,020 872,020 871,321 Municipal Services 3,950 3,950 3,948 State Computer Aid 19,204 19,204 19,204 Video Service Provider Aid 26,741 26,741 26,741 Law Enforcement Training Aid 10,560 10,560 9,280 General Transportation Aid — — 5,347 Historic Preservation Grant — — 30,000 Other State Grants 110,850 110,850 163,914 1,425,304 1,520,304 1,610,390 Licenses and Permits Liquor and Malt Beverage License 38,000 48,000 48,137 Operator License 22,000 22,000 21,505 Cable TV Franchise Fees 105,000 105,000 96,258 Other Licenses 27,500 27,500 17,568 Building Permits 275,000 310,000 310,113 Electrical Permits 98,000 98,000 82,398 Plumbing Permits 65,000 65,000 75,564 Zoning Permits 60,000 60,000 58,220 Other Permits 107,900 134,700 135,614 798,400 870,200 845,377 Original Final Budget Budget Actual CITY OF LAKE GENEVA, WISCONSIN General Fund Schedule of Revenues - Budget and Actual For the Fiscal Year Ended December 31, 2025 91 Page 104 of 226 Charges for Services General Government Fees $ 12,000 12,000 24,483 Police Department 266,965 266,965 235,026 Fire Department 3,153,188 3,153,188 3,440,752 Streets Department 1,000 4,100 4,145 Snow and Ice 10,000 10,000 1,200 Traffic Control 1,500 1,500 1,800 Parks 11,000 16,100 15,133 Other Fees and Charges 500 2,150 2,270 3,456,153 3,466,003 3,724,809 Fines and Forfeitures Court Penalties and Costs 125,100 202,035 203,736 Parking Violations 15,000 28,150 28,150 140,100 230,185 231,886 Investment Income 312,393 312,393 311,883 Miscellaneous 1,903,928 1,903,928 105,912 Total Revenues 14,847,656 15,202,391 13,754,971 Original Final Budget Budget Actual CITY OF LAKE GENEVA, WISCONSIN General Fund Schedule of Revenues - Budget and Actual - Continued For the Fiscal Year Ended December 31, 2025 92 Page 105 of 226 General Government General Government $ 135,145 140,150 35,814 General Insurance 398,296 485,246 468,992 Health Insurance and Other Benefits 317,383 403,933 387,214 Common Council 53,569 53,569 53,108 Municipal Court 177,906 173,506 162,535 City Attorney 101,736 100,986 95,841 Outside Legal Services 100,000 80,000 25,004 Mayor 10,197 10,197 9,386 City Administrator 269,921 269,921 219,500 City Clerk 330,370 330,370 295,247 Accounting and Data Processing 685,657 685,657 661,763 City Assessor 45,100 45,100 46,814 City Hall Building 263,544 265,884 268,188 2,888,824 3,044,519 2,729,406 Public Safety Police 6,050,143 6,050,143 5,864,622 Fire 4,960,924 4,960,924 4,711,241 Building and Zoning 426,909 577,859 575,166 Emergency Management 15,094 15,094 11,241 11,453,070 11,604,020 11,162,270 Public Works DPW and Engineering 65,500 87,350 87,288 Streets 1,475,902 1,459,852 1,382,326 Snow and Ice 234,494 251,844 187,728 Tree and Brush 327,998 324,766 322,543 Compost Operations 33,625 32,425 32,485 Storm Sewer 24,436 34,568 33,368 Traffic Control 168,920 171,549 170,985 Sanitation and Recycling 724,830 760,050 760,039 3,055,705 3,122,404 2,976,762 Original Final Budget Budget Actual CITY OF LAKE GENEVA, WISCONSIN General Fund Schedule of Expenditures - Budget and Actual For the Fiscal Year Ended December 31, 2025 93 Page 106 of 226 Culture and Recreation Museum $ 36,750 61,850 60,633 Parks 492,113 452,804 360,305 Hillmoor Property 43,104 52,324 47,295 Veteran's Park 118,254 104,634 96,066 690,221 671,612 564,299 Conservation and Development Plan Commission 16,000 16,000 36,557 Conservation and Development 77,404 86,954 106,339 93,404 102,954 142,896 Total Expenditures 18,181,224 18,545,509 17,575,633 Original Final Budget Budget Actual CITY OF LAKE GENEVA, WISCONSIN General Fund Schedule of Expenditures - Budget and Actual - Continued For the Fiscal Year Ended December 31, 2025 94 Page 107 of 226 Original Final Budget Budget Actual Revenues Taxes Property Tax $ 2,710,387 2,710,387 2,710,387 Investment Income 20,000 20,000 26,411 Total Revenues 2,730,387 2,730,387 2,736,798 Expenditures Debt Service Principal Retirement 2,130,000 2,130,000 2,130,000 Interest and Fiscal Charges 818,561 818,561 818,561 Total Expenditures 2,948,561 2,948,561 2,948,561 Excess (Deficiency) of Revenues Over (Under) Expenditures (218,174) (218,174) (211,763) Other Financing Sources Transfers In 238,173 238,173 — Net Change in Fund Balance 19,999 19,999 (211,763) Fund Balance - Beginning 353,496 Fund Balance - Ending 141,733 CITY OF LAKE GENEVA, WISCONSIN Debt Service Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 95 Page 108 of 226 Original Final Budget Budget Actual Revenues Investment Income $ 120,000 120,000 306,339 Expenditures Capital Outlay 4,212,215 4,422,215 2,546,709 Excess (Deficiency) of Revenues Over (Under) Expenditures (4,092,215) (4,302,215) (2,240,370) Other Financing Sources Transfers In 15,000 15,000 15,000 Net Change in Fund Balance (4,077,215) (4,287,215) (2,225,370) Fund Balance - Beginning 7,272,690 Fund Balance - Ending 5,047,320 CITY OF LAKE GENEVA, WISCONSIN Capital Improvements - Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 96 Page 109 of 226 See Following Page CITY OF LAKE GENEVA, WISCONSIN Nonmajor Governmental Funds Combining Balance Sheet December 31, 2025 97 Page 110 of 226 Public Cemetery Library Operations ASSETS Cash and Investments $ 1,255,106 200,306 Receivables - Net of Allowances Taxes 370,718 108,287 Prepaids — — Total Assets 1,625,824 308,593 LIABILITIES Accounts Payable 30,682 2,818 Accrued Payroll 6,793 1,742 Unearned Revenues — — Total Liabilities 37,475 4,560 DEFERRED INFLOWS OF RESOURCES Property Taxes 520,000 168,000 Total Liabilities and Deferred Inflows of Resources 557,475 172,560 FUND BALANCES Nonspendable — — Restricted 1,068,349 — Assigned — 136,033 Total Fund Balances 1,068,349 136,033 Total Liabilities, Deferred Inflows of Resources, and Fund Balances 1,625,824 308,593 CITY OF LAKE GENEVA, WISCONSIN Nonmajor Governmental Funds Combining Balance Sheet December 31, 2025 98 Page 111 of 226 Capital Permanent Special Revenue Projects Cemetery Public Tourism Impact Equipment Perpetual Library ARPA Commission Fees Replacement Care Investment Totals 417 975,175 822,923 1,777,370 960,030 180,510 6,171,837 — — — 420,862 — — 899,867 — — — — 2,012 — 2,012 417 975,175 822,923 2,198,232 962,042 180,510 7,073,716 — 218,312 13,743 51,140 4,600 — 321,295 — — — — — — 8,535 — — 32,505 — — — 32,505 — 218,312 46,248 51,140 4,600 — 362,335 — — — 600,000 — — 1,288,000 — 218,312 46,248 651,140 4,600 — 1,650,335 — — — — 957,442 180,510 1,137,952 — 756,863 776,675 — — — 2,601,887 417 — — 1,547,092 — — 1,683,542 417 756,863 776,675 1,547,092 957,442 180,510 5,423,381 417 975,175 822,923 2,198,232 962,042 180,510 7,073,716 99 Page 112 of 226 Public Cemetery Library Operations Revenues Taxes $ 517,000 168,000 Intergovernmental — — Licenses and Permits — — Charges for Services 371,605 84,350 Fines and Forfeitures 11,552 — Investment Income 37,830 8,562 Miscellaneous 101,339 — Total Revenues 1,039,326 260,912 Expenditures Health and Human Services — 311,100 Culture and Recreation 1,199,591 — Conservation and Development — — Capital Outlay — — Total Expenditures 1,199,591 311,100 Excess (Deficiency) of Revenues Over (Under) Expenditures (160,265) (50,188) Other Financing Sources (Uses) Disposal of Capital Assets — — Transfers In 264,153 22,314 Transfers Out — — 264,153 22,314 Net Change in Fund Balances 103,888 (27,874) Fund Balances - Beginning 964,461 163,907 Fund Balances - Ending 1,068,349 136,033 CITY OF LAKE GENEVA, WISCONSIN Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances For the Fiscal Year Ended December 31, 2025 100 Page 113 of 226 Capital Permanent Special Revenue Projects Cemetery Public Tourism Impact Equipment Perpetual Library ARPA Commission Fees Replacement Care Investment Totals — 1,730,996 — 600,000 — — 3,015,996 — — — 247,619 — — 247,619 — — 290,573 — — — 290,573 — — — — 27,300 — 483,255 — — — — — — 11,552 — 38,563 35,609 63,154 117,206 23,887 324,811 — — — — — — 101,339 — 1,769,559 326,182 910,773 144,506 23,887 4,475,145 — — — — — — 311,100 — — 202,268 — — — 1,401,859 — 2,087,770 — — — — 2,087,770 — — — 1,699,303 — — 1,699,303 — 2,087,770 202,268 1,699,303 — — 5,500,032 — (318,211) 123,914 (788,530) 144,506 23,887 (1,024,887) — — — 133,005 — — 133,005 — — — — — — 286,467 — — — — (22,314) — (22,314) — — — 133,005 (22,314) — 397,158 — (318,211) 123,914 (655,525) 122,192 23,887 (627,729) 417 1,075,074 652,761 2,202,617 835,250 156,623 6,051,110 417 756,863 776,675 1,547,092 957,442 180,510 5,423,381 101 Page 114 of 226 Original Final Budget Budget Actual Revenues Taxes Property Tax $ 517,000 517,000 517,000 Charges for Services 385,183 385,183 371,605 Fines and Forfeitures 7,000 7,000 11,552 Investment Income — — 37,830 Miscellaneous — — 101,339 Total Revenues 909,183 909,183 1,039,326 Expenditures Culture and Recreation 1,173,337 1,173,337 1,199,591 Excess (Deficiency) of Revenues Over (Under) Expenditures (264,154) (264,154) (160,265) Other Financing Sources Transfers In 264,153 264,153 264,153 Net Change in Fund Balance (1) (1) 103,888 Fund Balance - Beginning 964,461 Fund Balance - Ending 1,068,349 CITY OF LAKE GENEVA, WISCONSIN Public Library - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 102 Page 115 of 226 Original Final Budget Budget Actual Revenues Taxes Property Tax $ 168,000 168,000 168,000 Charges for Services 50,200 50,200 84,350 Investment Income 8,500 8,500 8,562 Total Revenues 226,700 226,700 260,912 Expenditures Health and Human Services 355,331 355,331 311,100 Excess (Deficiency) of Revenues Over (Under) Expenditures (128,631) (128,631) (50,188) Other Financing Sources Transfers In 13,000 13,000 22,314 Net Change in Fund Balance (115,631) (115,631) (27,874) Fund Balance - Beginning 163,907 Fund Balance - Ending 136,033 CITY OF LAKE GENEVA, WISCONSIN Cemetery Operations - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 103 Page 116 of 226 Original Final Budget Budget Actual Revenues Taxes Room Tax $ 1,400,000 1,400,000 1,730,996 Investment Income 10,000 10,000 38,563 Total Revenues 1,410,000 1,410,000 1,769,559 Expenditures Conservation and Development 1,171,827 1,171,827 2,087,770 Excess (Deficiency) of Revenues Over (Under) Expenditures 238,173 238,173 (318,211) Other Financing (Uses) Transfers Out (238,173) (238,173) — Net Change in Fund Balance — — (318,211) Fund Balance - Beginning 1,075,074 Fund Balance - Ending 756,863 CITY OF LAKE GENEVA, WISCONSIN Tourism Commission - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 104 Page 117 of 226 Original Final Budget Budget Actual Revenues Licenses and Permits $ 80,000 80,000 290,573 Investment Income 15,000 15,000 35,609 Total Revenues 95,000 95,000 326,182 Expenditures Culture and Recreation — — 202,268 Net Change in Fund Balance 95,000 95,000 123,914 Fund Balance - Beginning 652,761 Fund Balance - Ending 776,675 CITY OF LAKE GENEVA, WISCONSIN Impact Fees - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 105 Page 118 of 226 Original Final Budget Budget Actual Revenues Taxes Property Tax $ 600,000 600,000 600,000 Intergovernmental Grants — — 247,619 Investment Income 80,000 80,000 63,154 Total Revenues 680,000 680,000 910,773 Expenditures Capital Outlay 1,999,096 1,999,096 1,699,303 Excess (Deficiency) of Revenues Over (Under) Expenditures (1,319,096) (1,319,096) (788,530) Other Financing Sources Disposal of Capital Assets — — 133,005 Net Change in Fund Balance (1,319,096) (1,319,096) (655,525) Fund Balance - Beginning 2,202,617 Fund Balance - Ending 1,547,092 CITY OF LAKE GENEVA, WISCONSIN Equipment Replacement - Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 106 Page 119 of 226 Original Final Budget Budget Actual Revenues Charges for Services $ 8,000 8,000 27,300 Investment Income 28,000 28,000 117,206 Total Revenues 36,000 36,000 144,506 Expenditures None — — — Excess (Deficiency) of Revenues Over (Under) Expenditures 36,000 36,000 144,506 Other Financing (Uses) Transfers Out (13,000) (13,000) (22,314) Net Change in Fund Balance 23,000 23,000 122,192 Fund Balance - Beginning 835,250 Fund Balance - Ending 957,442 CITY OF LAKE GENEVA, WISCONSIN Cemetery Perpetual Care - Permanent Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 107 Page 120 of 226 Original Final Budget Budget Actual Operating Revenues Charges for Services $ 1,849,500 1,849,500 1,905,893 Other 291,263 291,263 1,472,483 Total Operating Revenues 2,140,763 2,140,763 3,378,376 Operating Expenses Operations and Maintenance 1,508,890 1,508,890 1,320,881 Depreciation — — 453,152 Total Operating Expenses 1,508,890 1,508,890 1,774,033 Operating Income 631,873 631,873 1,604,343 Nonoperating Revenues (Expenses) Investment Income 174,650 174,650 217,233 Other Income (53,130) (53,130) 58,888 Taxes (48,250) (48,250) (45,150) 73,270 73,270 230,971 Income Before Contributions and Transfers 705,143 705,143 1,835,314 Capital Contributions — — 1,309,924 Transfers Out (251,000) (251,000) (306,362) (251,000) (251,000) 1,003,562 Change in Net Position 454,143 454,143 2,838,876 Net Position - Beginning 18,900,059 Net Position - Ending 21,738,935 CITY OF LAKE GENEVA, WISCONSIN Water Utility - Enterprise Fund Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual For the Fiscal Year Ended December 31, 2025 108 Page 121 of 226 Original Final Budget Budget Actual Operating Revenues Charges for Services $ 2,143,700 2,143,700 2,203,752 Other 18,737 18,737 25,050 Total Operating Revenues 2,162,437 2,162,437 2,228,802 Operating Expenses Operations and Maintenance 2,997,197 2,997,197 1,268,984 Depreciation — — 742,626 Total Operating Expenses 2,997,197 2,997,197 2,011,610 Operating Income (Loss) (834,760) (834,760) 217,192 Nonoperating Revenues (Expenses) Investment Income 265,900 265,900 345,432 Other Income (77,211) (77,211) 89,371 Taxes (40,250) (40,250) (38,043) 148,439 148,439 396,760 Income (Loss) Before Contributions and Transfers (686,321) (686,321) 613,952 Capital Contributions — — 876,308 Transfers Out — — (11,322) — — 864,986 Change in Net Position (686,321) (686,321) 1,478,938 Net Position - Beginning 19,742,733 Net Position - Ending 21,221,671 CITY OF LAKE GENEVA, WISCONSIN Sewer Utility - Enterprise Fund Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual For the Fiscal Year Ended December 31, 2025 109 Page 122 of 226 SUPPLEMENTAL SCHEDULES 110 Page 123 of 226 Date of Issue December 7, 2022 Date of Maturity February 1, 2042 Authorized Issue $6,075,000 Interest Rates 4.00% - 5.00% Interest Dates February 1 and August 1 Principal Maturity Date February 1 Payable at Piper Sandler & Co. CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 225,000 221,763 446,763 2027 230,000 210,388 440,388 2028 240,000 198,638 438,638 2029 250,000 186,388 436,388 2030 250,000 173,888 423,888 2031 275,000 162,138 437,138 2032 275,000 151,138 426,138 2033 300,000 139,638 439,638 2034 305,000 127,538 432,538 2035 320,000 115,038 435,038 2036 335,000 101,938 436,938 2037 355,000 88,138 443,138 2038 370,000 73,638 443,638 2039 390,000 58,438 448,438 2040 410,000 42,438 452,438 2041 415,000 25,678 440,678 2042 415,000 8,551 423,551 5,360,000 2,085,374 7,445,374 CITY OF LAKE GENEVA, WISCONSIN Long-Term Debt Requirements General Obligation Bonds of 2022A December 31, 2025 111 Page 124 of 226 Date of Issue May 15, 2017 Date of Maturity April 1, 2027 Authorized Issue $3,500,000 Interest Rate 2.337% Interest Dates Quarterly Principal Maturity Date April 1 Payable at PNC Bank, National Association CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 700,000 141,707 841,707 2027 350,000 23,646 373,646 1,050,000 165,353 1,215,353 CITY OF LAKE GENEVA, WISCONSIN Long-Term Debt Requirements Promissory Notes of 2017 December 31, 2025 112 Page 125 of 226 Date of Issue February 4, 2021 Date of Maturity February 1, 2031 Authorized Issue $2,330,000 Interest Rates 0.25% - 1.40% Interest Dates February 1 and August 1 Principal Maturity Date February 1 Payable at Bankers' Bank CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 235,000 14,605 249,605 2027 250,000 12,963 262,963 2028 250,000 10,900 260,900 2029 250,000 8,462 258,462 2030 275,000 5,500 280,500 2031 275,000 1,925 276,925 1,535,000 54,355 1,589,355 CITY OF LAKE GENEVA, WISCONSIN Long-Term Debt Requirements Promissory Notes of 2021A December 31, 2025 113 Page 126 of 226 Date of Issue February 4, 2021 Date of Maturity February 1, 2031 Authorized Issue $7,040,000 Interest Rates 1.00% - 2.00% Interest Dates February 1 and August 1 Principal Maturity Date February 1 Payable at BOK Financial Securities CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 745,000 59,700 804,700 2027 700,000 45,250 745,250 2028 710,000 31,150 741,150 2029 780,000 20,150 800,150 2030 805,000 12,225 817,225 2031 820,000 4,100 824,100 4,560,000 172,575 4,732,575 CITY OF LAKE GENEVA, WISCONSIN Long-Term Debt Requirements Promissory Notes of 2021B December 31, 2025 114 Page 127 of 226 Date of Issue June 5, 2024 Date of Maturity February 1, 2044 Authorized Issue $8,845,000 Interest Rates 4.00% - 5.00% Interest Dates February 1 and August 1 Principal Maturity Date February 1 Payable at BAIRD CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 385,000 381,775 766,775 2027 440,000 361,150 801,150 2028 450,000 338,900 788,900 2029 440,000 316,650 756,650 2030 500,000 293,150 793,150 2031 520,000 267,650 787,650 2032 550,000 240,900 790,900 2033 570,000 212,900 782,900 2034 600,000 183,650 783,650 2035 345,000 160,025 505,025 2036 365,000 144,100 509,100 2037 370,000 129,400 499,400 2038 380,000 114,400 494,400 2039 390,000 99,000 489,000 2040 395,000 83,300 478,300 2041 410,000 67,200 477,200 2042 475,000 49,500 524,500 2043 495,000 30,100 525,100 2044 505,000 10,100 515,100 8,585,000 3,483,850 12,068,850 CITY OF LAKE GENEVA, WISCONSIN Long-Term Debt Requirements Promissory Notes of 2024 December 31, 2025 115 Page 128 of 226 Memo: To: Common Council From: David De Angelis, City Administrator Date: July 22th, 2026 Re: Council Agenda and Updates AGENDA COMMENTS All of my agenda comments are on the cover memo forms. UPDATES: 1. The Strategic Plan meeting was held on Monday July 20th and the consultant will be working on the updates and implementation matrix with staff to have the document ready for discussion and possible action at the first Council meeting in August. 2. The County Highway H project phase 3 is starting this week with traffic changes continuing with curb and sidewalk and base course paving work. They are currently on schedule. 3. Highway 50 reconstruction land acquisition is continuing and the last of the property acquisition approvals are on tonight’s agenda. 4. July 3rd storm updates continue to be put out on an as needed basis. The DRT is still functioning but is not operating remotely for the coordination of the volunteers and the handing out of supplies. At this time, they are doing this from the Town of Geneva town hall. DRT is also doing the follow up assessments of damaged property that show significant damage. They will be reaching out to the property owners who are in this position as well as continuing to work with those people in need to hopefully get them volunteer services. The first pass of brush and tree stabilization should be completed by July 24th. We will no longer be using outside contractors after the 24th as the initial clean-up will be complete. Work has begun in some of the parks for tree and brush removal as well and will continue for the foreseeable future. We will start the next round of brush pick up as well, but this will not necessarily be a continuous operation as we have to start to get back to some of our other work as well as prepare for Art in the Park and Venetian Fest. The brush drop off center hours have now been reduced to our regular schedule during the week 6am-3:30pm Monday to Thursday, Friday 5am-9am and Saturday from 8am-12pm. We are now working on getting our preliminary estimates of cost for the disaster fund submittal which will allow us to seek reimbursement of expenses up to 70% of our costs. Page 129 of 226 Institution Account Name Balances Institution Account Name Balances Cash on Hand Cash Drawer-Change Bank 248.26 General Fund Cash Drawer-Change Bank 248.26 Municipal Court-Petty Cash 60.00 General Checking-shared cash 1,452,395.10 Police-Petty Cash 150.00 Donations Checking 44,658.23 Police-Cash Drawer 175.00 Credit Card Account 29,351.11 Police-Bond Change Fund 500.00 Stripe Account 5,505.02 Launch Ramp Change Fund 100.00 Investment Pool #1 - General 12,015,721.12 Parking Dept Petty Cash 100.00 Investment Pool #4 - Tax 3,500.10 Library-Petty Cash 350.00 Investment Pool #7 - Parks 55,970.28 Tax-Petty Cash - Municipal Court-Petty Cash 60.00 1,683.26 Police-Petty Cash 150.00 Police-Cash Drawer 175.00 Police-Bond-Change Fund 500.00 First National Bank General Fund Checking 1,452,395.10 13,608,234.22 Donations Checking 44,658.23 Credit Card Account 29,351.11 Debt Service LGIP #12-Debt Service 373,792.19 Certified Payment Checking 5,505.02 Pershing-Debt Svc 2024 GO Notes 49,149.67 Library Checking 71,546.41 Tax Checking Account 33,072.06 422,941.86 Parking Fund Checking 5,993.82 1,642,521.75 Lakefront Launch Ramp Change Fund 100.00 100.00 Local Government Investment Pool Investment Pool #1-General 12,015,721.12 Parking Parking Fund Checking 5,993.82 Investment Pool #3-2021 GO Notes-2021B 179,719.72 Parking-Petty Cash 100.00 Investment Pool #4-Treasurer 3,500.10 6,093.82 Investment Pool #5 - Park Impact Fees 90,460.28 Investment Pool #6 - Library Special Projects 620,952.33 Capital Projects Investment Pool #11 - Capital Projects 116.97 Investment Pool #7 - Parks 55,970.28 Investment Pool #3-2021 GO Notes-2021B 179,719.72 Investment Pool #8 - Equip Replacement 629,881.51 Investment Pool #13 GO Bonds 2022A 115.97 Investment Pool #11 - Capital Projects 116.97 Pershing-2024 GO Notes 3,765,845.71 Investment Pool #12 - Debt Service 373,792.19 3,945,798.37 Investment Pool #13 - GO Bonds 2022A 115.97 Investment Pool #14-Library Impact Fees 113,937.52 Impact Fees Investment Pool #5 - Park Impact Fees 90,460.28 Investment Pool #15-DPW Impact Fees 650,565.43 Investment Pool #14-Library Impact Fees 113,937.52 14,734,733.42 Investment Pool #15-DPW Impact Fees 650,565.43 854,963.23 Cemetery Edward Jones Cemetery Perpetual Care 997,613.38 Perpetual Care Cemetery Pepetual Care-Edward Jones 997,613.38 Library Special Projects 232.39 Library Designated Youth Account 30,690.88 Equip Replacement Investment Pool #8 - Equipment Replacement 629,881.51 Library Steffgen Account 93,070.25 Library Foundation Account 279.72 Tax Agency Fund Tax-Petty Cash - 1,121,886.62 Tax Checking Account 33,072.06 33,072.06 Fidelity Investments Investments-Swanson Fund 184,491.54 184,491.54 Library Operating Library-Petty Cash 350.00 Library Investments Investment Pool #6 - Library Special Projects 620,952.33 Pershing Solutions Debt Svc 2024 GO Notes 49,149.67 Library Donations 71,546.41 Capital-2024 GO Notes 3,765,845.71 Investments-Edward Jones 232.39 3,814,995.38 Investments-Swanson Fund 184,491.54 Library Designated Youth Account 30,690.88 Library Steffgen Account 93,070.25 Library Foundation Account 279.72 1,001,263.52 Total Cash and Investments 21,500,311.97 Total Cash and Investments 21,500,311.97 CITY OF LAKE GENEVA TREASURER'S REPORT - BALANCES BY INSTITUTION 5/31/2026 CITY OF LAKE GENEVA TREASURER'S REPORT - BALANCES BY FUND 5/31/2026 Page 130 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 1 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget GENERAL FUND GENERAL FUND GENERAL FUND 11-00-00-41110 GENERAL PROPERTY TAXES .00 2,868,164.68 6,293,229.00 3,425,064.32 45.58 11-00-00-41130 OMITTED & MISC TAX REVENUE .00 5,897.62 18,328.00 12,430.38 32.18 11-00-00-41140 MOBILE HOME PARK FEES 498.67 2,370.50 4,000.00 1,629.50 59.26 11-00-00-41160 USE VALUE CONVERSION TAX .00 .00 .00 .00 .00 11-00-00-41210 ROOM TAX 21,636.77 260,839.76 525,000.00 264,160.24 49.68 11-00-00-41212 ROOM TAX-MARKETPLACE PROVIDE 25,098.61- 153,952.10 185,000.00 31,047.90 83.22 11-00-00-41220 SALES TAX DISCOUNT 77.27 779.04 1,500.00 720.96 51.94 11-00-00-41310 TAXES FROM WATER UTILITY 20,561.11 123,366.66 275,000.00 151,633.34 44.86 11-00-00-41800 INT & PENALTY ON TAXES .00 12.53 500.00 487.47 2.51 11-00-00-41810 ROOM TAX LATE FEES .00 .00 .00 .00 .00 11-00-00-41820 ROOM TAX INTEREST .00 .00 .00 .00 .00 11-00-00-42630 SPEC ASSMTS-ROADS .00 .00 .00 .00 .00 11-00-00-42640 SPEC ASSMTS-SIDEWALKS .00 .00 6,505.00 6,505.00 .00 11-00-00-43400 MUNICIPAL RECYCLING GRANT .00 23,856.37 23,857.00 .63 100.00 11-00-00-43410 STATE SHARED REVENUE .00 .00 344,287.00 344,287.00 .00 11-00-00-43430 EXPENDITURE RESTRAINT PROGRA .00 .00 .00 .00 .00 11-00-00-43530 STATE AID FOR HIGHWAYS .00 472,483.02 945,483.00 472,999.98 49.97 11-00-00-43540 OTHER STATE GRANTS .00 .00 .00 .00 .00 11-00-00-43600 PYMT MUNI SERVICES-CONSERVATN .00 5,008.05 5,006.00 2.05- 100.04 11-00-00-43610 STATE COMPUTER AID .00 .00 19,204.00 19,204.00 .00 11-00-00-43612 STATE PERSONAL PROPERTY AID 122,986.51 122,986.51 24,260.00 98,726.51- 506.95 11-00-00-43615 VIDEO SERVICE PROVIDER AID .00 .00 26,741.00 26,741.00 .00 11-00-00-43620 AIDS IN LIEU OF TAXES-PILOT .00 940.56 10,941.00 10,000.44 8.60 11-00-00-43695 OTHER FEDERAL AIDS .00 .00 .00 .00 .00 11-00-00-44100 LIQUOR & MALT BEVERAGE LICENSE 12,159.50 58,504.50 38,000.00 20,504.50- 153.96 11-00-00-44110 OPERATOR LICENSES 7,535.00 23,760.00 22,000.00 1,760.00- 108.00 11-00-00-44120 BUS LIC-CIG,TAXI,AMUSE,BILLARD 5,385.00 14,705.00 20,000.00 5,295.00 73.53 11-00-00-44130 PERMITS- SELL,CAFE,ROOM,MASSAG 3,575.00 7,690.00 9,000.00 1,310.00 85.44 11-00-00-44140 PERMITS-SHORT-TERM RENTALS .00 .00 .00 .00 .00 11-00-00-44150 CABLE TV FRANCHISE FEES 22,511.74 22,521.74 105,000.00 82,478.26 21.45 11-00-00-44200 NONBUS LIC-DOGS/CATS 139.00 1,540.00 1,500.00 40.00- 102.67 11-00-00-44250 OTHER LICENSES $ FEES-WEIGHTS 950.00 1,995.00 6,000.00 4,005.00 33.25 11-00-00-44900 WORK PERMITS .00 .00 .00 .00 .00 11-00-00-44950 OTHER PERMITS- PARADES,BANNER .00 304.00 .00 304.00- .00 11-00-00-45100 ANNEXATION FILING FEES .00 .00 .00 .00 .00 11-00-00-46000 CASH DRAWER OVERAGES/UNDERA .00 .00 .00 .00 .00 11-00-00-46100 GENERAL GOV'T MISC REVENUE .00 6,099.68 2,000.00 4,099.68- 304.98 11-00-00-46110 SPECIAL ASSMT LETTERS FEES 1,540.00 6,785.00 10,000.00 3,215.00 67.85 11-00-00-46900 MISCELLANEOUS SALES .00 .00 .00 .00 .00 11-00-00-47300 DONATIONS .00 900.00 .00 900.00- .00 11-00-00-47350 GOAT SPONSORSHIP .00 .00 .00 .00 .00 11-00-00-47400 DONATIONS-FIRST RESPOND FUND .00 .00 .00 .00 .00 11-00-00-47450 MEMORIAL BRICKS 783.30- 6,258.46 6,000.00 258.46- 104.31 11-00-00-47900 INTDEPART CHGS FOR SVC UTILITY .00 .00 .00 .00 .00 11-00-00-48110 INTEREST INCOME 25,617.83 151,530.70 300,627.00 149,096.30 50.40 11-00-00-48130 INTEREST ON SPECIAL ASSESSMENT .00 .00 2,000.00 2,000.00 .00 11-00-00-48350 ROOM RENTAL FEES .00 1.00 .00 1.00- .00 11-00-00-48400 INSURANCE REIMBURSEMENTS 8,000.00 8,000.00 20,000.00 12,000.00 40.00 11-00-00-48450 INSURANCE REBATE-LEAGUE 6,843.00 6,843.00 7,500.00 657.00 91.24 11-00-00-48500 MISC. REVENUE .00 .00 .00 .00 .00 11-00-00-48510 OTHER PARK DONATIONS .00 .00 .00 .00 .00 11-00-00-49100 APPL.PRIOR YRS APPROPRIATION .00 .00 1,979,685.00 1,979,685.00 .00 Page 131 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 2 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-00-00-49300 TRANSFER FROM LAKEFRONT .00 .00 771,534.00 771,534.00 .00 11-00-00-49500 TRANSFER FROM PARKING FUND .00 .00 2,767,318.00 2,767,318.00 .00 Total GENERAL FUND: 234,134.49 4,358,095.48 14,777,005.00 10,418,909.52 29.49 Total GENERAL FUND: 234,134.49 4,358,095.48 14,777,005.00 10,418,909.52 29.49 GENERAL GOVERNMENT GENERAL GOVERNMENT 11-10-00-51330 LIFE INSURANCE POLICY FEES 292.87 2,000.63 3,300.00 1,299.37 60.63 11-10-00-51390 STAFF APPRECIATION 10,269.62- 7,090.55- 5,500.00 12,590.55 128.92- 11-10-00-51395 CUSTOMER SERVICE TRAINING .00 .00 .00 .00 .00 11-10-00-51400 CYBER SECURITY TRAINING .00 .00 1,000.00 1,000.00 .00 11-10-00-51500 OTHER PROFESSIONAL SERVICES .00 .00 .00 .00 .00 11-10-00-51540 UNEMPLOYMENT COMPENSATION .00 .00 10,000.00 10,000.00 .00 11-10-00-52450 EXPENSES SUBJECT TO INS CLAIM .00 .00 7,500.00 7,500.00 .00 11-10-00-53140 OFFICIAL PUBLICATIONS & NOTICE 1,350.00 .00 .00 .00 .00 11-10-00-53150 PUBLICATION FEES REIMBURSABLE .00 .00 .00 .00 .00 11-10-00-53160 RECORDING FEES .00 30.00 .00 30.00- .00 11-10-00-53980 BANK CHARGES 1.50- 163.70 500.00 336.30 32.74 11-10-00-53990 GENERAL GOV'T MISC EXPENSES .00 .00 .00 .00 .00 11-10-00-55000 COVID-19 EXPENDITURES .00 .00 .00 .00 .00 11-10-00-57400 PERSONAL PROPERTY WRITEOFFS .00 .00 .00 .00 .00 11-10-00-57410 ILLEGAL TAXES & REFUNDS .00 .00 .00 .00 .00 11-10-00-57430 A/R WRITE-OFFS .00 .00 .00 .00 .00 11-10-00-57800 CONTINGENCY ACCOUNT .00 2,500.00 50,000.00 47,500.00 5.00 11-10-00-58000 STORM EXPENDITURES .00 73,333.50 .00 73,333.50- .00 11-10-00-59350 TRANSFER TO TOURISM .00 .00 .00 .00 .00 11-10-00-59400 TRANSFER TO CAPITAL FUND .00 .00 .00 .00 .00 11-10-00-59500 TRANSFER TO LIBRARY FUND .00 .00 282,443.00 282,443.00 .00 11-10-00-59600 TRANSFER TO EQUIP REPLACEMENT .00 .00 .00 .00 .00 Total GENERAL GOVERNMENT: 8,628.25- 70,937.28 360,243.00 289,305.72 19.69 INSURANCE 11-10-10-55090 INS REIMB-OTHER DEPTS .00 .00 112,950.00- 112,950.00- .00 11-10-10-55120 GENERAL LIABILITY INSURANCE .00 180,583.01 248,026.00 67,442.99 72.81 11-10-10-55130 BOILER & MACHINERY INS 568.80 568.80 1,700.00 1,131.20 33.46 11-10-10-55160 WORKERS COMPENSATION .00 208,199.25 159,921.00 48,278.25- 130.19 Total INSURANCE: 568.80 389,351.06 296,697.00 92,654.06- 131.23 HEALTH INSURANCE 11-10-20-51110 HEALTH & DENTAL REIMBURSABLE 1,174.82- 16,938.90- 42,057.00- 25,118.10- 40.28 11-10-20-51320 HEALTH AND DENTAL ADMIN CHGS 3,670.36 24,629.82 38,000.00 13,370.18 64.82 11-10-20-51335 EBC/DIFFERENCE CARD CLAIMS .00 114,933.36 177,726.00 62,792.64 64.67 11-10-20-51337 RETIREE HEALTH INS PREMIUMS 11,305.49 56,527.45 140,000.00 83,472.55 40.38 11-10-20-51350 EAP PROGRAM .00 937.50 3,875.00 2,937.50 24.19 Total HEALTH INSURANCE: 13,801.03 180,089.23 317,544.00 137,454.77 56.71 Total GENERAL GOVERNMENT: 5,741.58 640,377.57 974,484.00 334,106.43 65.71 COMMON COUNCIL COMMON COUNCIL 11-11-00-51140 COUNCIL SALARIES 4,800.00 22,400.00 41,622.00 19,222.00 53.82 Page 132 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 3 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-11-00-51200 PART TIME WAGES .00 .00 .00 .00 .00 11-11-00-51520 COUNCIL SOCIAL SECURITY 367.20 1,713.60 3,184.00 1,470.40 53.82 11-11-00-52140 VIDEOTAPING EXPENSES .00 .00 .00 .00 .00 11-11-00-53200 COUNCIL WIS LEAGUE MEMBERSHIP .00 7,450.67 7,451.00 .33 100.00 11-11-00-53310 COUNCIL MEALS & LODGING .00 .00 500.00 500.00 .00 11-11-00-53320 COUNCIL CONFERENCES & SCHOOL .00 .00 500.00 500.00 .00 11-11-00-53990 COUNCIL MISCELLANEOUS EXPENSE .00 .00 750.00 750.00 .00 Total COMMON COUNCIL: 5,167.20 31,564.27 54,007.00 22,442.73 58.44 Total COMMON COUNCIL: 5,167.20 31,564.27 54,007.00 22,442.73 58.44 MUNICIPAL COURT MUNICIPAL COURT 11-12-00-45100 COURT PENALTIES & FINES 9,751.11 55,227.93 170,000.00 114,772.07 32.49 11-12-00-45120 CIRCUIT COURT FORFEITURES .00 712.13 .00 712.13- .00 11-12-00-45130 PARKING CITATION COLLECTIONS 850.00 11,666.30 23,000.00 11,333.70 50.72 11-12-00-45140 COURT CITATION COLLECTN-STARK .00 86.50 100.00 13.50 86.50 11-12-00-46400 REIMBURSEMENTS BY DEFENDANTS 274.00 996.06 1,800.00 803.94 55.34 Total MUNICIPAL COURT: 10,875.11 68,688.92 194,900.00 126,211.08 35.24 MUNICIPAL COURT 11-12-00-51140 MUNICIPAL COURT JUDGE WAGES 1,824.12 8,512.56 16,584.00 8,071.44 51.33 11-12-00-51200 MUNICIPAL COURT WAGES-CLERK 7,982.40 37,317.60 74,672.00 37,354.40 49.98 11-12-00-51220 MUNICIPAL COURT WAGES-PT 2,876.84 12,389.44 32,230.00 19,840.56 38.44 11-12-00-51250 MUNICIPAL CT OVERTIME 99.78 898.02 2,000.00 1,101.98 44.90 11-12-00-51340 MUNICIPAL CT LIFE INSURANCE 37.51 266.91 390.00 123.09 68.44 11-12-00-51345 MUNICIPAL CT HEALTH INSURANCE 1,944.41 13,610.87 27,948.00 14,337.13 48.70 11-12-00-51350 MUNICIPAL CT DENTAL INSURANCE 128.46 899.22 1,100.00 200.78 81.75 11-12-00-51355 MUNICIPAL CT VISION INSURANCE 5.71 39.97 69.00 29.03 57.93 11-12-00-51360 MUNICIPAL CT RETIREMENT FUND 581.92 2,751.54 5,493.00 2,741.46 50.09 11-12-00-51370 MUNICIPAL CT DISABILITY INS 13.25 92.75 159.00 66.25 58.33 11-12-00-51520 MUNICIPAL CT SOCIAL SECURITY 928.38 4,297.91 9,511.00 5,213.09 45.19 11-12-00-52140 COLLECTION FEES 125.00 375.00 1,000.00 625.00 37.50 11-12-00-52210 MUNICIPAL CT TELEPHONE 101.36 593.86 1,200.00 606.14 49.49 11-12-00-52900 CARE OF PRISONERS .00 220.00 2,500.00 2,280.00 8.80 11-12-00-53100 MUNICIPAL CT OFFICE SUPPLIES 190.53 769.56 1,700.00 930.44 45.27 11-12-00-53120 POSTAGE-MUNICIPAL COURT .00 523.33 2,000.00 1,476.67 26.17 11-12-00-53240 DUES, BOOKS, PUBLICATIONS .00 1,060.00 1,600.00 540.00 66.25 11-12-00-53300 MUNICIPAL CT TRAVEL-MILEAGE 60.90 60.90 1,000.00 939.10 6.09 11-12-00-53310 MUN CT-MEALS & LODGING 298.31 298.31 1,500.00 1,201.69 19.89 11-12-00-53320 MUN CT CONFERENCES & SCHOOL .00 .00 2,500.00 2,500.00 .00 11-12-00-53610 EQUIPMENT MAINT SERVICE COSTS .00 11,682.86 8,700.00 2,982.86- 134.29 11-12-00-53810 MUNICIPAL COURT OPERATIONS 176.43 1,460.50 500.00 960.50- 292.10 11-12-00-53990 MUNICIPAL CT MISCELLANEOUS EXP .00 .00 500.00 500.00 .00 Total MUNICIPAL COURT: 17,375.31 98,121.11 194,856.00 96,734.89 50.36 Total MUNICIPAL COURT: 28,250.42 166,810.03 389,756.00 222,945.97 42.80 CITY ATTORNEY CITY ATTORNEY 11-13-00-51130 CITY ATTORNEY SALARY 9,501.57 44,340.66 90,929.00 46,588.34 48.76 11-13-00-51300 CITY ATTORNEY OFFICE SUPPLIES .00 .00 1,000.00 1,000.00 .00 11-13-00-51340 CITY ATTORNEY LIFE INSURANCE .00 .00 .00 .00 .00 Page 133 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 4 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-13-00-51360 CITY ATTORNEY RETIREMENT FUND 684.12 3,192.56 6,547.00 3,354.44 48.76 11-13-00-51520 CITY ATTORNEY SOCIAL SECURITY 726.84 3,391.92 6,956.00 3,564.08 48.76 11-13-00-53100 CITY ATTORNEY OFFICE SUPPLIES 119.84 658.94 1,000.00 341.06 65.89 11-13-00-53240 DUES, BOOKS, PUBLICATIONS .00 .00 2,100.00 2,100.00 .00 11-13-00-53310 CITY ATTORNEY MEALS & LODGING .00 .00 1,000.00 1,000.00 .00 11-13-00-53320 CITY ATTORNEY SCHOOL/CONFER .00 .00 325.00 325.00 .00 11-13-00-53990 CITY ATTORNEY MISC EXPENSES .00 .00 300.00 300.00 .00 Total CITY ATTORNEY: 11,032.37 51,584.08 110,157.00 58,572.92 46.83 OUTSIDE ATTORNEYS EXPENDITURES 11-13-10-52140 OUTSIDE ATTORNEYS FEES 1,553.50 15,238.59 100,000.00 84,761.41 15.24 Total OUTSIDE ATTORNEYS EXPENDITURES: 1,553.50 15,238.59 100,000.00 84,761.41 15.24 Total CITY ATTORNEY: 12,585.87 66,822.67 210,157.00 143,334.33 31.80 GENERAL ADMINISTRATION MAYOR 11-14-10-51140 MAYOR SALARY 900.00 4,200.00 7,800.00 3,600.00 53.85 11-14-10-51520 MAYOR SOCIAL SECURITY 45.90 344.25 596.70 252.45 57.69 11-14-10-53100 MAYOR OFFICE SUPPLIES 31.99 31.99 300.00 268.01 10.66 11-14-10-53310 MAYOR MEALS,LODGING,ETC .00 .00 500.00 500.00 .00 11-14-10-53990 MAYOR MISC EXPENSE .00 295.75 750.00 454.25 39.43 Total MAYOR: 977.89 4,871.99 9,946.70 5,074.71 48.98 CITY ADMINISTRATOR 11-14-20-51100 SALARIES AND WAGES 32,209.50 131,548.06 276,509.00 144,960.94 47.57 11-14-20-51340 LIFE INSURANCE 107.12 675.12 647.00 28.12- 104.35 11-14-20-51345 HEALTH INSURANCE 1,740.79 6,963.16 40,665.00 33,701.84 17.12 11-14-20-51350 DENTAL INSURANCE 127.73 894.11 3,083.00 2,188.89 29.00 11-14-20-51355 VISION INSURANCE 5.68 39.76 137.00 97.24 29.02 11-14-20-51360 RETIREMENT FUND (WRS) 2,346.09 9,660.49 19,908.00 10,247.51 48.53 11-14-20-51370 DISABILITY INSURANCE 33.58 169.14 348.00 178.86 48.60 11-14-20-51520 SOCIAL SECURITY 2,462.11 10,121.81 21,152.00 11,030.19 47.85 11-14-20-53100 OFFICE SUPPLIES 263.14 365.19 500.00 134.81 73.04 11-14-20-53240 DUES,BOOKS,PUBLICATIONS 267.80 1,392.80 2,000.00 607.20 69.64 11-14-20-53300 TRAVEL 547.55 3,061.19 5,500.00 2,438.81 55.66 11-14-20-53310 MEALS & LODGING .00 20.78 1,500.00 1,479.22 1.39 11-14-20-53320 CONFERENCES & SEMINARS 231.40 1,051.40 1,300.00 248.60 80.88 11-14-20-53500 STRATEGIC PLAN 76.74 23,223.00 10,000.00 13,223.00- 232.23 11-14-20-53990 MISCELLANEOUS EXPENSES 5,722.86 8,214.71 12,236.00 4,021.29 67.14 11-14-20-54500 COMPUTER IT SVC & EQUIPMENT 11,792.02 93,306.18 130,000.00 36,693.82 71.77 Total CITY ADMINISTRATOR: 57,934.11 290,706.90 525,485.00 234,778.10 55.32 CITY CLERK 11-14-30-51100 SALARIES AND WAGES 13,492.95 91,557.82 191,027.00 99,469.18 47.93 11-14-30-51110 ASSISTANT CLERK WAGES .00 .00 .00 .00 .00 11-14-30-51200 STAFF WAGES .00 .00 .00 .00 .00 11-14-30-51340 LIFE INSURANCE 18.07 127.83 250.00 122.17 51.13 11-14-30-51345 HEALTH INSURANCE 3,616.94 25,318.58 44,276.00 18,957.42 57.18 11-14-30-51350 DENTAL INSURANCE 165.16 1,156.12 1,980.00 823.88 58.39 11-14-30-51355 VISION INSURANCE 11.55 80.85 144.00 63.15 56.15 11-14-30-51360 RETIRMENT FUND (WRS) 971.48 6,592.08 13,754.00 7,161.92 47.93 Page 134 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 5 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-14-30-51370 DISABILITY INSURANCE 48.14 336.98 578.00 241.02 58.30 11-14-30-51520 SOCIAL SECURITY 980.45 7,145.24 14,614.00 7,468.76 48.89 11-14-30-51900 POLL WORKERS FEES 28.86 4,977.89 30,000.00 25,022.11 16.59 11-14-30-52180 MUNICIPAL CODIFICATION .00 2,045.00 7,500.00 5,455.00 27.27 11-14-30-52190 CONTRACTS-WEIGHTS & MEASURES .00 4,500.00 4,500.00 .00 100.00 11-14-30-53100 OFFICE SUPPLIES 575.76 1,302.31 2,500.00 1,197.69 52.09 11-14-30-53110 BALLOTS/OTHER ELECTION EXPENS 1,031.90 2,099.08 15,000.00 12,900.92 13.99 11-14-30-53120 POSTAGE .00 10.36 9,000.00 8,989.64 .12 11-14-30-53140 OFFICIAL PUBLICATIONS & NOTICE .00 5,083.44 8,000.00 2,916.56 63.54 11-14-30-53150 PUBLICATION FEES REIMBURSABLE .00 .00 1,500.00 1,500.00 .00 11-14-30-53160 RECORDING FEES .00 .00 150.00 150.00 .00 11-14-30-53200 PROFESSIONAL DUES .00 .00 250.00 250.00 .00 11-14-30-53300 TRAVEL .00 .00 1,000.00 1,000.00 .00 11-14-30-53310 MEALS & LODGING .00 .00 1,000.00 1,000.00 .00 11-14-30-53320 CONFERENCES/TRAINING .00 165.00 1,250.00 1,085.00 13.20 11-14-30-53820 LICENSE/SUPPORT EXPENSE 1,059.90 26,272.43 30,000.00 3,727.57 87.57 11-14-30-53990 MISCELLANEOUS EXPENSES .00 .00 250.00 250.00 .00 Total CITY CLERK: 22,001.16 178,771.01 378,523.00 199,751.99 47.23 Total GENERAL ADMINISTRATION: 80,913.16 474,349.90 913,954.70 439,604.80 51.90 ACCOUNTING ACCOUNTING 11-15-10-51100 SALARIES AND WAGES 42,288.51 197,294.37 366,550.00 169,255.63 53.82 11-15-10-51200 FINANCE WAGES .00 .00 .00 .00 .00 11-15-10-51260 PART-TIME WAGES .00 .00 .00 .00 .00 11-15-10-51340 LIFE INSURANCE 93.69 669.60 1,159.00 489.40 57.77 11-15-10-51345 HEALTH INSURANCE 5,728.68 40,100.78 68,745.00 28,644.22 58.33 11-15-10-51350 DENTAL INSURANCE 396.39 2,774.73 3,651.00 876.27 76.00 11-15-10-51355 VISION INSURANCE 15.64 109.48 256.00 146.52 42.77 11-15-10-51360 RETIREMENT EXP 3,044.82 14,205.38 26,392.00 12,186.62 53.82 11-15-10-51370 DISABILITY INS 72.80 509.60 874.00 364.40 58.31 11-15-10-51520 SOCIAL SECURITY 3,130.47 14,624.07 28,041.00 13,416.93 52.15 11-15-10-52120 CONSULTANT FEES .00 1,600.00 5,500.00 3,900.00 29.09 11-15-10-52130 INDEPENDENT AUDIT FEES 875.00 25,875.00 28,000.00 2,125.00 92.41 11-15-10-53100 OFFICE SUPPLIES 407.76 2,144.25 3,500.00 1,355.75 61.26 11-15-10-53200 PROFESSIONAL DUES 299.00 869.00 1,000.00 131.00 86.90 11-15-10-53300 TRAVEL 239.25 239.25 500.00 260.75 47.85 11-15-10-53310 MEALS & LODGING 361.49 361.49 1,000.00 638.51 36.15 11-15-10-53320 CONFERENCES/TRAINING .00 1,943.00 2,500.00 557.00 77.72 11-15-10-53990 MISCELLANEOUS EXPENSES .00 .00 500.00 500.00 .00 11-15-10-54500 COMPUTER IT SVC & EQUIPMENT .00 .00 .00 .00 .00 Total ACCOUNTING: 56,953.50 303,320.00 538,168.00 234,848.00 56.36 ASSESSOR 11-15-40-52100 ASSESSOR CONTRACTED SERVICES 3,750.00 26,250.00 43,080.00 16,830.00 60.93 11-15-40-52130 MANUFACTURING ASSESSMENT .00 .00 2,995.00 2,995.00 .00 11-15-40-53100 ASSESSOR OFFICE SUPPLIES .00 .00 .00 .00 .00 11-15-40-53980 BOARD OF REVIEW MISC EXPENSES .00 .00 150.00 150.00 .00 Total ASSESSOR: 3,750.00 26,250.00 46,225.00 19,975.00 56.79 Total ACCOUNTING: 60,703.50 329,570.00 584,393.00 254,823.00 56.40 Page 135 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 6 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget CITY HALL BUILDING CITY HALL BUILDING 11-16-10-51200 CITY HALL MAINT WAGES 8,205.60 38,241.56 71,074.00 32,832.44 53.81 11-16-10-51250 CITY HALL MAINT OVERTIME .00 448.75 1,025.00 576.25 43.78 11-16-10-51340 CITY HALL MAINT LIFE INS 26.64 184.17 314.00 129.83 58.65 11-16-10-51345 CITY HALL MAINT HEALTH INSUR 2,639.68 17,973.73 27,948.00 9,974.27 64.31 11-16-10-51350 CITY HALL MAINT DENTAL INSUR 129.19 879.80 1,541.00 661.20 57.09 11-16-10-51355 CITY HALL MAINT VISION INS .03 .21 .00 .21- .00 11-16-10-51360 CITY HALL MAINT RETIREMENT 593.67 2,805.85 5,191.00 2,385.15 54.05 11-16-10-51370 CITY HALL MAINT DISABILITY INS 19.81 138.67 237.00 98.33 58.51 11-16-10-51520 CITY HALL MAINT SOCIAL SEC 604.86 2,870.34 5,515.00 2,644.66 52.05 11-16-10-52210 CITY HALL TELEPHONE 1,905.00 8,885.81 16,000.00 7,114.19 55.54 11-16-10-52220 CITY HALL ELECTRICITY 3,348.61 19,188.08 45,000.00 25,811.92 42.64 11-16-10-52240 CITY HALL GAS HEAT 1,268.37 10,818.34 15,000.00 4,181.66 72.12 11-16-10-52260 CITY HALL WATER & SEWER EXP .00 1,183.05 2,800.00 1,616.95 42.25 11-16-10-52400 CITY HALL BUILDING REPAIRS .00 14,073.50 45,000.00 30,926.50 31.27 11-16-10-53100 CITY HALL OFFICE SUPPLIES 151.81 1,518.75 3,250.00 1,731.25 46.73 11-16-10-53500 CITY HALL BLDG MAINT SUPPLIES 430.62 5,393.23 5,800.00 406.77 92.99 11-16-10-53600 CITY HALL MAINT SERVICE COSTS 4,895.52 14,727.32 25,000.00 10,272.68 58.91 11-16-10-55310 CH OFFICE EQUIPMENT CONTRACTS 425.05 3,434.89 8,500.00 5,065.11 40.41 11-16-10-55320 CH POSTAGE METER RENT & EXP 543.15 1,499.40 2,500.00 1,000.60 59.98 Total CITY HALL BUILDING: 25,187.61 144,265.45 281,695.00 137,429.55 51.21 Total CITY HALL BUILDING: 25,187.61 144,265.45 281,695.00 137,429.55 51.21 POLICE DEPARTMENT POLICE DEPARTMENT 11-21-00-43520 LAW ENFORCEMENT TRAINING AIDS .00 .00 10,560.00 10,560.00 .00 11-21-00-43530 FEDERAL GRANTS & REIMBURSEME .00 .00 .00 .00 .00 11-21-00-43540 STATE GRANTS & REIMBURSEMENTS .00 .00 30,666.00 30,666.00 .00 11-21-00-46200 SEIZURES .00 23.00 1,000.00 977.00 2.30 11-21-00-46210 MISCELLANEOUS REVENUE 113.78 1,273.36 1,000.00 273.36- 127.34 11-21-00-46220 WAGE REIMBURSEMENTS 1,056.99 42,777.48 165,809.00 123,031.52 25.80 11-21-00-46222 TRAINING REIMBURSEMENTS .00 11,000.00 .00 11,000.00- .00 11-21-00-46230 MISC TAXABLE REVENUES .00 .00 .00 .00 .00 11-21-00-46240 FINGERPRINTING 28.44 341.25 500.00 158.75 68.25 11-21-00-46250 VEHICLE LOCKOUT FEE 426.60 1,815.42 3,400.00 1,584.58 53.39 11-21-00-46260 BLOOD DRAW REIMBURSEMENT 157.50 1,002.21 2,500.00 1,497.79 40.09 11-21-00-47300 DONATIONS 5,000.00 8,520.72 500.00 8,020.72- 1,704.14 11-21-00-47310 DONATIONS-SHOP WITH A COP .00 306.00 6,000.00 5,694.00 5.10 11-21-00-47350 COMMUNICATIONS REIMB-FIRE DEPT .00 69,059.00 69,059.00 .00 100.00 11-21-00-47370 SOFTVEST DONATIONS/GRANTS .00 .00 2,072.00 2,072.00 .00 11-21-00-48300 SALE OF POLICE EQUIPMENT .00 .00 15,000.00 15,000.00 .00 Total POLICE DEPARTMENT: 6,783.31 136,118.44 308,066.00 171,947.56 44.18 POLICE DEPARTMENT 11-21-00-51100 POLICE FT SALARIES 409,208.81 1,904,419.70 3,592,198.00 1,687,778.30 53.02 11-21-00-51200 POLICE PT WAGES 12,409.98 54,217.96 121,850.00 67,632.04 44.50 11-21-00-51250 POLICE OVERTIME WAGES 7,096.89 24,765.17 49,585.00 24,819.83 49.94 11-21-00-51270 PD COMPENSATION PER CONTRACT 23,698.15 123,926.44 205,756.00 81,829.56 60.23 11-21-00-51340 PD LIFE INSURANCE 391.81 2,804.45 5,535.00 2,730.55 50.67 11-21-00-51345 PD HEALTH INSURANCE 66,939.56 464,075.94 894,769.00 430,693.06 51.87 11-21-00-51347 PD HEALTH INS OPT OUT 975.00 4,225.00 15,600.00 11,375.00 27.08 11-21-00-51350 PD DENTAL INSURANCE 3,617.43 25,344.10 43,449.00 18,104.90 58.33 Page 136 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 7 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-21-00-51355 PD VISION INSURANCE 172.94 1,211.56 2,771.00 1,559.44 43.72 11-21-00-51360 PD RETIREMENT FUND 59,470.07 278,062.61 503,928.00 225,865.39 55.18 11-21-00-51370 PD DISABILITY INS 822.76 5,679.72 11,179.00 5,499.28 50.81 11-21-00-51380 PD UNIFORM ALLOWANCE 11,556.94 33,644.73 42,565.00 8,920.27 79.04 11-21-00-51390 PART TIME UNIFORM EXPENSE 734.68 2,149.74 5,900.00 3,750.26 36.44 11-21-00-51395 STAFF APPERICATION 735.00 809.80 3,500.00 2,690.20 23.14 11-21-00-51400 PD INTERPRETERS FEES .00 51.13 1,000.00 948.87 5.11 11-21-00-51410 PD OUTSIDE OFFICERS .00 .00 .00 .00 .00 11-21-00-51520 PD SOCIAL SECURITY 33,907.41 157,715.46 304,852.00 147,136.54 51.74 11-21-00-51900 PFC COMMISSION EXPENSES 57.38 172.82 600.00 427.18 28.80 11-21-00-52140 OUTSIDE LEGAL EXPENSES .00 .00 1,200.00 1,200.00 .00 11-21-00-52210 PD TELEPHONE EXPENSE 2,784.53 16,881.81 35,312.00 18,430.19 47.81 11-21-00-52220 POLICE IMPOUND BLDG ELECTRIC 87.21 560.37 1,400.00 839.63 40.03 11-21-00-52450 EQUIPMENT REPAIRS-INS CLAIMS .00 .00 5,000.00 5,000.00 .00 11-21-00-52620 PD COMMUNICATION SYS MAINT FEE 3,279.94 28,312.56 52,100.00 23,787.44 54.34 11-21-00-52900 CARE OF PRISONERS .00 28.57 1,000.00 971.43 2.86 11-21-00-52910 CARE OF STRAY ANIMALS .00 .00 400.00 400.00 .00 11-21-00-53050 DATA PROCESSING 2,591.00 18,826.32 51,387.00 32,560.68 36.64 11-21-00-53100 PD OFFICE SUPPLIES 46.00 1,580.13 8,000.00 6,419.87 19.75 11-21-00-53120 PD POSTAGE 52.60- 1,084.74 2,800.00 1,715.26 38.74 11-21-00-53160 CRIME PREVENTION PROGRAM .00 1,426.00 6,000.00 4,574.00 23.77 11-21-00-53300 PD MILEAGE/TRAVEL .00 .00 1,500.00 1,500.00 .00 11-21-00-53310 PD MEALS & LODGING 554.81 6,470.71 11,000.00 4,529.29 58.82 11-21-00-53410 PD FUEL EXPENSE 3,599.41 23,472.59 62,500.00 39,027.41 37.56 11-21-00-53420 PD SPECIAL EQUIPMENT 37.90 2,360.48 17,238.00 14,877.52 13.69 11-21-00-53610 PD EQUIP MAINT SERV COSTS 1,966.25 12,536.98 40,640.00 28,103.02 30.85 11-21-00-53700 PD MEDICAL SUPPLIES .00 1,394.07 3,500.00 2,105.93 39.83 11-21-00-53750 POLICE CANINE CARE .00 .00 .00 .00 .00 11-21-00-53800 PD SPECIAL INVESTIGATIONS 209.15 2,181.57 13,520.00 11,338.43 16.14 11-21-00-53990 PD MISCELLANEOUS EXP 35.00 2,050.39 5,000.00 2,949.61 41.01 11-21-00-54100 PD TRAINING EXPENSES 2,976.11 32,412.60 53,810.00 21,397.40 60.24 11-21-00-54110 PD APPLICATION PROCESS 271.89 1,333.89 8,000.00 6,666.11 16.67 11-21-00-54120 TRNG & TRAVEL-REIMBURSEABLE .00 .00 .00 .00 .00 11-21-00-54150 TUITION & BOOKS PER CONTRACT 3,723.44 5,220.46 9,100.00 3,879.54 57.37 11-21-00-54500 PRO-PHOENIX MAINT CONTRACT .00 21,000.00 36,500.00 15,500.00 57.53 11-21-00-55000 COVID-19 EXPENDITURES .00 .00 .00 .00 .00 11-21-00-55310 COPY MACHINE & SHREDDING SVC 332.72 2,717.13 6,200.00 3,482.87 43.82 11-21-00-55330 TELETYPE EXPENSE .00 9,741.00 11,353.00 1,612.00 85.80 11-21-00-57310 SHOP WITH A COP PURCHASES .00 .00 .00 .00 .00 11-21-00-57350 GRANT PURCHASES-STATE .00 .00 .00 .00 .00 11-21-00-57360 DONOR PURCHASES 100.00 3,085.28 .00 3,085.28- .00 11-21-00-57365 DONATION PURCHASES-FIRST RESP .00 .00 .00 .00 .00 11-21-00-57370 BODY ARMOR EXPENDITURES .00 5,554.00 9,684.00 4,130.00 57.35 11-21-00-57375 AXON CAMERAS/TASERS .00 54,133.78 68,210.00 14,076.22 79.36 11-21-00-57376 PUBLIC SAFETY CAMERA SYSTEM .00 11,300.00 27,000.00 15,700.00 41.85 11-21-00-58100 EQUIPMENT OUTLAY 17,076.00 40,857.49 86,250.00 45,392.51 47.37 Total POLICE DEPARTMENT: 671,413.57 3,389,799.25 6,440,641.00 3,050,841.75 52.63 Total POLICE DEPARTMENT: 678,196.88 3,525,917.69 6,748,707.00 3,222,789.31 52.25 FIRE DEPARTMENT FIRE DEPARTMENT 11-22-00-43400 EMS PROV SUPP-ACT 102 EQUIP .00 52,428.38 4,109.00 48,319.38- 1,275.94 11-22-00-43410 EMS PROV SUPP-ACT 102 TRAIN .00 .00 2,398.00 2,398.00 .00 11-22-00-43420 FIRE DUES FROM STATE .00 101,999.29 98,250.00 3,749.29- 103.82 Page 137 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 8 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-22-00-43430 FIRE DUES FROM TOWN OF LINN .00 .00 90,338.00 90,338.00 .00 11-22-00-43440 FIRE DUES FROM TOWN OF GENEVA .00 .00 38,942.00 38,942.00 .00 11-22-00-43450 TOWN OF LINN REIMBURSEABLES 275,975.70 275,975.70 1,652,321.00 1,376,345.30 16.70 11-22-00-43455 TOWN OF LINN ADMIN FEE .00 .00 280,000.00 280,000.00 .00 11-22-00-43540 STATE GRANTS & REIMBURSEMENTS .00 .00 .00 .00 .00 11-22-00-44710 FIRE DEPT BURNING PERMIT .00 .00 .00 .00 .00 11-22-00-46100 MISCELLANEOUS REVENUE .00 5.00 1,000.00 995.00 .50 11-22-00-46230 INSPECTION FEES 7,890.00 23,310.00 64,000.00 40,690.00 36.42 11-22-00-46240 FIRE/EMS BILLING REVENUE 59,155.60 611,072.93 850,000.00 238,927.07 71.89 11-22-00-46245 ALS INTERCEPT FEE .00 2,400.00 3,000.00 600.00 80.00 11-22-00-46250 PLAN REVIEW/SPRINKLER SYSTEMS .00 6,278.00 9,000.00 2,722.00 69.76 11-22-00-47300 TOWNSHIPS FIRE SERVICES 150,485.89 150,485.89 723,674.00 573,188.11 20.79 11-22-00-48110 INTEREST .00 .00 1,000.00 1,000.00 .00 11-22-00-48300 SALE OF FIRE DEPT EQUIPMENT .00 .00 .00 .00 .00 11-22-00-48510 FIRE DEPT DONATIONS 5,000.00 5,000.00 1,000.00 4,000.00- 500.00 11-22-00-48550 DONATIONS-CPR CLASSES .00 .00 500.00 500.00 .00 Total FIRE DEPARTMENT: 498,507.19 1,228,955.19 3,819,532.00 2,590,576.81 32.18 FIRE DEPARTMENT 11-22-00-51130 FIRE OFFICER SALARIES 16,190.40 77,857.52 138,070.00 60,212.48 56.39 11-22-00-51135 FIRE PREVENTION DIVISION CHIEF 13,545.60 60,384.80 116,796.00 56,411.20 51.70 11-22-00-51140 FIRE/EMS STIPEND PAY .00 .00 .00 .00 .00 11-22-00-51150 FIRE SAFETY/PUBLIC ED WAGES 357.04 2,500.15 9,715.00 7,214.85 25.73 11-22-00-51155 FIRE SAFETY/PUBLIC ED EXP 251.00 779.14 1,000.00 220.86 77.91 11-22-00-51160 FIRE/EMS OTHER PAY .00 1,601.35 6,654.00 5,052.65 24.07 11-22-00-51220 PAID ON PREMISE WAGES 68,777.18 336,118.35 468,520.00 132,401.65 71.74 11-22-00-51225 APPRENTICESHIP PROGRAM 1,377.75 8,492.00 20,000.00 11,508.00 42.46 11-22-00-51230 FULL-TIME WAGES 183,481.82 761,482.62 1,242,309.00 480,826.38 61.30 11-22-00-51235 TOWN OF LINN STAFFING REIMBURS .00 275,975.70 .00 275,975.70- .00 11-22-00-51240 TOWN OF LINN STAFFING WAGES 54,176.32 136,952.65 825,847.00 688,894.35 16.58 11-22-00-51250 OVERTIME WAGES 1,505.40 10,642.19 35,000.00 24,357.81 30.41 11-22-00-51260 FULL-TIME VACATION WAGES 13,591.20 70,230.31 166,667.00 96,436.69 42.14 11-22-00-51270 FULL-TIME SICK TIME WAGES 11,236.84 41,188.55 216,435.00 175,246.45 19.03 11-22-00-51280 FULL TIME HOLIDAY WAGES 8,805.58 29,123.86 52,825.00 23,701.14 55.13 11-22-00-51300 EMS CITY CALL PAY .00 .00 .00 .00 .00 11-22-00-51310 EMS GENEVA TWP CALL PAY .00 .00 .00 .00 .00 11-22-00-51330 FD LIFE INSURANCE EXP 251.44 1,633.30 2,572.00 938.70 63.50 11-22-00-51340 FD WORKMEN DISABILITY INS 26,366.09 26,643.93 29,904.00 3,260.07 89.10 11-22-00-51345 FD HEALTH INSURANCE 43,654.94 274,080.71 621,222.00 347,141.29 44.12 11-22-00-51350 FD DENTAL INSURANCE 2,312.26 14,640.54 29,289.00 14,648.46 49.99 11-22-00-51355 FD VISION INSURANCE 135.83 862.40 1,769.00 906.60 48.75 11-22-00-51360 FIRE/EMS RETIREMENT EXP 56,546.23 237,937.76 419,534.00 181,596.24 56.71 11-22-00-51370 FD DISABILITY INS 562.92 3,461.58 2,053.00 1,408.58- 168.61 11-22-00-51380 FIRE DEPT UNIFORMS 1,437.27 17,886.38 26,000.00 8,113.62 68.79 11-22-00-51400 FIRE CITY CALL PAY .00 .00 .00 .00 .00 11-22-00-51410 FIRE GENEVA TWP CALL PAY .00 .00 .00 .00 .00 11-22-00-51420 FIRE LINN TWP CALL PAY .00 .00 .00 .00 .00 11-22-00-51440 FD TRAVEL/MEAL EXPENSES 1,557.24 5,397.35 5,000.00 397.35- 107.95 11-22-00-51520 FD SOCIAL SECURITY EXP 29,505.20 124,216.49 215,405.00 91,188.51 57.67 11-22-00-52140 OUTSIDE BILLING SERVICES 5,193.94 27,699.01 46,750.00 19,050.99 59.25 11-22-00-52150 FIRE INSPECTORS WAGES 6,815.82 29,611.56 60,648.00 31,036.44 48.83 11-22-00-52160 FIRE/EMS DATA ENTRY WAGES 7,209.60 33,586.40 60,424.00 26,837.60 55.58 11-22-00-52175 2% FIRE DUES EXPENSES 4,691.38 46,670.98 .00 46,670.98- .00 11-22-00-52190 OTHER PROFESSIONAL SERVICES .00 .00 40,000.00 40,000.00 .00 11-22-00-52210 FIRE TELEPHONE EXPENSE 3,710.88 9,576.11 12,742.00 3,165.89 75.15 Page 138 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 9 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-22-00-52220 FIREHOUSE ELECTRICITY 1,342.50 8,750.71 18,501.00 9,750.29 47.30 11-22-00-52240 FIREHOUSE GAS HEAT 401.50 6,926.85 9,284.00 2,357.15 74.61 11-22-00-52260 FIREHOUSE WATER/SEWER BILLS .00 1,198.18 1,707.00 508.82 70.19 11-22-00-52400 EQUIPMENT REPAIRS-FIRE DEPT 3,018.41 42,946.57 81,000.00 38,053.43 53.02 11-22-00-52410 FIREHOUSE REPAIRS .00 21,188.90 15,000.00 6,188.90- 141.26 11-22-00-52500 PROPERTY INSURANCE .00 26,621.00 40,000.00 13,379.00 66.55 11-22-00-52620 FD-COMMUNICATION SYS MAINT FEE 128.96 596.22 3,751.00 3,154.78 15.89 11-22-00-52650 PD COMMUNICATION SERVICES .00 69,059.00 66,548.00 2,511.00- 103.77 11-22-00-53100 OFFICE SUPPLIES 51.85 1,019.43 3,000.00 1,980.57 33.98 11-22-00-53120 POSTAGE EXPENSE 87.22 664.47 1,000.00 335.53 66.45 11-22-00-53200 MEMBERSHIP DUES & FEES 231.00 444.00 3,200.00 2,756.00 13.88 11-22-00-53320 FIRE DEPT CONFERENCES/SCHOOLS 84.99 746.61 5,000.00 4,253.39 14.93 11-22-00-53400 OPERATING SUPPLIES 1,049.28 3,114.36 5,000.00 1,885.64 62.29 11-22-00-53410 FD FUEL EXPENSE 3,685.65 19,728.30 26,000.00 6,271.70 75.88 11-22-00-53420 FIRE DUES FROM STATE EXPENSES .00 .00 .00 .00 .00 11-22-00-53500 BLDG MAINT SUPPLIES-FIREHOUSE 1,481.05 10,068.34 15,000.00 4,931.66 67.12 11-22-00-53510 EQUIP MAINT SUPPLIES-FIRE DEPT 850.93 2,537.60 7,000.00 4,462.40 36.25 11-22-00-53600 FIREHOUSE MAINT SERVICE COSTS .00 1,137.50 7,083.00 5,945.50 16.06 11-22-00-53610 FD-EQUIP MAINT SERV COST .00 .00 .00 .00 .00 11-22-00-53970 BAD DEBT EXPENSE/ADJUSTMENTS .00 .00 .00 .00 .00 11-22-00-53990 FIRE MISCELLANEOUS EXP 35.88 53.88 1,000.00 946.12 5.39 11-22-00-53995 STAFF APPRECIATION 2,564.38 5,205.82 5,000.00 205.82- 104.12 11-22-00-54100 FIRE TRAINING PAY 6,277.44 47,177.99 95,503.00 48,325.01 49.40 11-22-00-54120 TUITION REIMB PER CONTRACT .00 .00 5,000.00 5,000.00 .00 11-22-00-54150 EXPENSE REIMB PER CONTRACT .00 .00 1,500.00 1,500.00 .00 11-22-00-54500 FIRE IT SERVICES 5,310.38 30,020.11 46,817.00 16,796.89 64.12 11-22-00-54550 LEXIPOL .00 6,862.37 6,863.00 .63 99.99 11-22-00-54600 PRO PHOENIX SUPPORT CONTRACT .00 6,991.83 8,636.00 1,644.17 80.96 11-22-00-55000 COVID-19 EXPENDITURES .00 .00 .00 .00 .00 11-22-00-55100 EMS TRAINING PAY 8,116.59 32,618.73 50,077.00 17,458.27 65.14 11-22-00-56100 CPR CLASS PAY .00 .00 .00 .00 .00 11-22-00-57350 GRANT PURCHASES .00 .00 .00 .00 .00 11-22-00-57360 DONATION PURCHASES .00 5,253.45 .00 5,253.45- .00 11-22-00-57365 DONATION PURCHASES-FIRST RESP .00 .00 .00 .00 .00 11-22-00-57500 SPRINKLER SYSTEMS EXPENSES .00 1,687.50 7,500.00 5,812.50 22.50 11-22-00-58000 FIRE EQUIPMENT/SUPPLIES 718.94 3,594.10 7,500.00 3,905.90 47.92 11-22-00-58100 EMS EQUIPMENT/SUPPLIES 207.42- 15,938.99 42,000.00 26,061.01 37.95 11-22-00-58110 SPECIALIZED TEAMS EQUIP/SUP 1,437.01 9,132.43 10,000.00 867.57 91.32 11-22-00-58200 STATE MANDATED EQUIP TESTING 8,683.27 25,268.30 109,700.00 84,431.70 23.03 11-22-00-58300 ACT 102 EXPENSES 387.33 16,659.33 7,309.00 9,350.33- 227.93 11-22-00-58400 PRE-EMPLOYMENT TESTING 513.00 1,754.63 3,000.00 1,245.37 58.49 11-22-00-58410 EMPLOYEE HEALTH & WELLNESS .00 .00 5,795.00 5,795.00 .00 11-22-00-58500 EQUIPMENT OUTLAY .00 13,576.33 20,800.00 7,223.67 65.27 Total FIRE DEPARTMENT: 609,497.31 3,105,777.52 5,615,224.00 2,509,446.48 55.31 Total FIRE DEPARTMENT: 1,108,004.50 4,334,732.71 9,434,756.00 5,100,023.29 45.94 BUILDING AND ZONING BUILDING AND ZONING 11-24-00-44300 BUILDING PERMITS 20,508.48 152,181.85 255,000.00 102,818.15 59.68 11-24-00-44310 ELECTRICAL PERMITS 4,437.40 35,538.80 85,000.00 49,461.20 41.81 11-24-00-44320 PLUMBING PERMITS 5,855.00 36,370.00 60,000.00 23,630.00 60.62 11-24-00-44330 HVAC PERMITS 8,114.16 31,089.52 55,000.00 23,910.48 56.53 11-24-00-44400 ZONING PERMITS & FEES 5,950.00 28,440.00 55,000.00 26,560.00 51.71 11-24-00-44410 PERMITS-SHORT-TERM RENTALS 14,300.00 100,166.00 143,750.00 43,584.00 69.68 Page 139 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 10 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-24-00-46300 TRASH PICK-UP REVENUE .00 .00 .00 .00 .00 Total BUILDING AND ZONING: 59,165.04 383,786.17 653,750.00 269,963.83 58.71 BUILDING AND ZONING 11-24-00-51100 WAGES AND SALARIES 21,976.75 94,233.28 186,137.00 91,903.72 50.63 11-24-00-51200 CODE ENFORCER WAGES 8,004.00 25,430.81 71,065.00 45,634.19 35.79 11-24-00-51340 LIFE INSURANCE 81.74 458.06 804.00 345.94 56.97 11-24-00-51345 HEALTH INSURANCE 3,484.96 24,394.71 49,009.00 24,614.29 49.78 11-24-00-51350 DENTAL INSURANCE 287.20 1,625.02 3,171.00 1,545.98 51.25 11-24-00-51355 VISION INSURANCE 11.12 77.84 173.00 95.16 44.99 11-24-00-51360 RETIREMENT FUND(WRS) 2,081.40 8,516.85 18,769.00 10,252.15 45.38 11-24-00-51370 DISABILITY INSURANCE 46.36 368.46 741.00 372.54 49.72 11-24-00-51520 SOCIAL SECURITY 2,258.59 9,002.50 19,943.00 10,940.50 45.14 11-24-00-52170 CONTRACT-ELEVATOR INSPECTION .00 .00 .00 .00 .00 11-24-00-52180 CONTRACTS-WEIGHTS & MEASURES .00 .00 .00 .00 .00 11-24-00-52190 CONTRACT BUILDING INSPECTOR 19,158.80 126,867.13 295,750.00 168,882.87 42.90 11-24-00-52500 ZONING CODE ENFORCEMENT 5,444.86 20,930.50 40,000.00 19,069.50 52.33 11-24-00-52620 TELEPHONE EXPENSE 35.48 106.44 250.00 143.56 42.58 11-24-00-53100 OFFICE SUPPLIES 777.35 1,630.82 1,000.00 630.82- 163.08 11-24-00-53120 STATE SEALS .00 2,071.49 2,100.00 28.51 98.64 11-24-00-53130 COPIER EXPENSES 118.91 594.55 1,440.00 845.45 41.29 11-24-00-53140 POSTAGE .00 .00 500.00 500.00 .00 11-24-00-53150 ZONING CODES .00 .00 1,000.00 1,000.00 .00 11-24-00-53200 MEMBERSHIP DUES & FEES 693.40 693.40 700.00 6.60 99.06 11-24-00-53300 TRAVEL .00 .00 1,000.00 1,000.00 .00 11-24-00-53310 MEALS AND LODGING .00 .00 500.00 500.00 .00 11-24-00-53320 CONFERENCES & SCHOOL .00 198.00 2,000.00 1,802.00 9.90 11-24-00-53350 OTHER PROFESSIONAL FEES .00 11,339.14 10,500.00 839.14- 107.99 11-24-00-53410 VEHICLE-FUEL & OIL 33.98 231.64 500.00 268.36 46.33 11-24-00-53990 MISCELLANEOUS EXPENSES .00 222.00 .00 222.00- .00 11-24-00-54500 COMPUTER IT SVC & EQUIPMENT .00 4,575.00 4,750.00 175.00 96.32 11-24-00-58100 EQUIPMENT OUTLAY .00 .00 .00 .00 .00 Total BUILDING AND ZONING: 64,494.90 333,567.64 711,802.00 378,234.36 46.86 Total BUILDING AND ZONING: 123,659.94 717,353.81 1,365,552.00 648,198.19 52.53 EMERGENCY MANAGEMENT EMERGENCY MANAGEMENT 11-29-00-51200 EMER MGMT PART TIME WAGES .00 .00 .00 .00 .00 11-29-00-51360 EMER MGMT RETIREMENT .00 .00 .00 .00 .00 11-29-00-51520 EMER MGMT SOCIAL SEC .00 .00 .00 .00 .00 11-29-00-52100 STORM SIRENS MAINT. & REPAIRS .00 3,776.00 7,466.00 3,690.00 50.58 11-29-00-52210 EMER MGMT TELEPHONE EXP .00 .00 .00 .00 .00 11-29-00-52220 SIRENS ELECTRICTY 69.62 415.19 637.00 221.81 65.18 11-29-00-53100 EMER MGMT OFFICE SUPPLIES .00 .00 .00 .00 .00 11-29-00-53310 EMER MGMT MEALS,LODGING,ETC .00 .00 500.00 500.00 .00 11-29-00-53400 EMER MGMT SUPPLIES .00 3,740.95 4,900.00 1,159.05 76.35 11-29-00-53600 ONE CALL NOW PROGRAM .00 .00 .00 .00 .00 11-29-00-53610 EMER MGMT VEHICLE MAINT/SVC .00 .00 .00 .00 .00 11-29-00-53990 EMER MGMT MISC EXP .00 .00 .00 .00 .00 11-29-00-54100 EMER MGMT TRAINING EXP .00 .00 .00 .00 .00 11-29-00-54130 PUBLIC EDUCATION .00 .00 800.00 800.00 .00 11-29-00-54140 MEDICAL RESERVE CORPS .00 .00 .00 .00 .00 11-29-00-54150 OUTSOURCED-COOP/COG .00 .00 .00 .00 .00 Page 140 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 11 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-29-00-55310 EMER MGMT COPYING COSTS .00 .00 .00 .00 .00 11-29-00-58100 EQUIPMENT OUTLAY 3,450.48 3,450.48 .00 3,450.48- .00 Total EMERGENCY MANAGEMENT: 3,520.10 11,382.62 14,303.00 2,920.38 79.58 Total EMERGENCY MANAGEMENT: 3,520.10 11,382.62 14,303.00 2,920.38 79.58 DPW AND ENGINEERING DPW AND ENGINEERING 11-30-00-52160 CITY ENGINEERING FEES 430.50 21,525.65 55,000.00 33,474.35 39.14 11-30-00-52170 SURVEYING .00 .00 5,000.00 5,000.00 .00 Total DPW AND ENGINEERING: 430.50 21,525.65 60,000.00 38,474.35 35.88 Total DPW AND ENGINEERING: 430.50 21,525.65 60,000.00 38,474.35 35.88 STREET DEPARTMENT STREET DEPARTMENT 11-32-10-43550 MISC STREET DEPT GRANTS .00 11,168.00 .00 11,168.00- .00 11-32-10-44350 PUBLIC WORKS CONST PERMIT 420.00 2,490.00 5,000.00 2,510.00 49.80 11-32-10-45220 RESTITUTION-STREET DEPT PROP .00 .00 .00 .00 .00 11-32-10-46300 MISC STREET DEPT REVENUE .00 586.70 1,000.00 413.30 58.67 11-32-10-46440 GRASS/WEED CUTTING .00 .00 .00 .00 .00 Total STREET DEPARTMENT: 420.00 14,244.70 6,000.00 8,244.70- 237.41 STREET DEPARTMENT 11-32-10-51000 DIRECTOR OF PUBLIC WORKS .00 .00 .00 .00 .00 11-32-10-51200 SALARIES AND WAGES 59,852.50 366,514.43 656,040.00 289,525.57 55.87 11-32-10-51250 ST DEPT OVERTIME WAGES 5,474.69 14,582.13 26,560.00 11,977.87 54.90 11-32-10-51260 ST DEPT SEASONAL LABOR 11,179.71 50,681.20 80,000.00 29,318.80 63.35 11-32-10-51270 ST DEPT OFFICE ADMIN ASST 3,716.42 16,903.26 31,618.00 14,714.74 53.46 11-32-10-51340 ST DEPT LIFE INSURANCE 149.04 1,163.57 1,525.00 361.43 76.30 11-32-10-51345 ST DEPT HEALTH INSURANCE 10,400.34 89,776.49 162,665.00 72,888.51 55.19 11-32-10-51350 ST DEPT DENTAL INSURANCE 769.09 6,671.96 10,758.00 4,086.04 62.02 11-32-10-51355 ST DEPT VISION INSURANCE 25.23 210.41 565.00 354.59 37.24 11-32-10-51360 ST DEPT RETIREMENT FUND 4,910.59 29,330.12 51,424.00 22,093.88 57.04 11-32-10-51370 ST DEPT DISABILITY INS 246.82 1,727.74 2,800.00 1,072.26 61.71 11-32-10-51380 ST DEPT UNIFORM ALLOW .00 12,418.56 13,000.00 581.44 95.53 11-32-10-51520 ST DEPT SOCIAL SECURITY 6,019.90 34,720.80 60,758.00 26,037.20 57.15 11-32-10-52050 DRUG AND MEDICAL TESTING 508.00 1,131.00 1,700.00 569.00 66.53 11-32-10-52210 ST DEPT TELEPHONE EXPENSE 796.33 3,055.17 5,500.00 2,444.83 55.55 11-32-10-52220 ST DEPT BLDG ELECTRICITY 769.27 5,239.91 11,750.00 6,510.09 44.59 11-32-10-52240 ST DEPT BLDG GAS HEAT 573.13 12,319.08 12,000.00 319.08- 102.66 11-32-10-52260 ST DEPT BLDG-WATER & SEWER .00 1,014.38 1,500.00 485.62 67.63 11-32-10-52400 ST DEPT BUILDING REPAIRS .00 3,814.50 14,200.00 10,385.50 26.86 11-32-10-52500 ST DEPT EQUIPMENT REPAIRS 316.73 20,786.09 80,000.00 59,213.91 25.98 11-32-10-52620 ST DEPT COMM SYSTEM MAINT FEES 31.78 31.78 1,500.00 1,468.22 2.12 11-32-10-52700 SIDEWALK REPAIRS .00 4,480.00 30,000.00 25,520.00 14.93 11-32-10-53300 MILEAGE/TRAVEL .00 .00 800.00 800.00 .00 11-32-10-53310 MEALS/LODGING .00 .00 200.00 200.00 .00 11-32-10-53320 CONFERENCES/DUES .00 .00 2,000.00 2,000.00 .00 11-32-10-53400 OPERATING SUPPLIES-STREET DEPT 2,472.60 8,484.80 27,000.00 18,515.20 31.43 11-32-10-53410 VEHICLE-FUEL & OIL 12,190.91 59,662.01 90,000.00 30,337.99 66.29 11-32-10-53420 MOSQUITO CONTROL .00 .00 .00 .00 .00 11-32-10-53440 WEED CUTTING .00 .00 .00 .00 .00 Page 141 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 12 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-32-10-53450 SAFETY GRANT EXPENDITURES 1,149.90 2,224.90 1,100.00 1,124.90- 202.26 11-32-10-53500 BLDG MAINT SUPPLIES-STR DEPT 242.31 3,116.70 4,500.00 1,383.30 69.26 11-32-10-53510 VEHICLE/EQUIPMENT MAINTENANCE 330.43 37,138.40 39,500.00 2,361.60 94.02 11-32-10-53600 ST DEPT BLDG MAINT SERV COSTS 812.07 2,557.45 6,500.00 3,942.55 39.35 11-32-10-53700 ROAD MAINTENANCE SUPPLIES 1,945.32 15,149.98 110,000.00 94,850.02 13.77 11-32-10-53750 STREET CRACK FILLING .00 .00 .00 .00 .00 11-32-10-53900 FIRST AID AND SAFETY SUPPLIES 217.97 1,651.66 4,200.00 2,548.34 39.33 11-32-10-53990 ST DEPT MISCELLANEOUS EXP .00 1,154.21 5,000.00 3,845.79 23.08 11-32-10-57360 DONATION PURCHASES .00 721.97 .00 721.97- .00 Total STREET DEPARTMENT: 125,101.08 808,434.66 1,546,663.00 738,228.34 52.27 SNOW AND ICE 11-32-12-46310 SNOW & ICE CONTROL .00 6,600.00 10,000.00 3,400.00 66.00 Total SNOW AND ICE: .00 6,600.00 10,000.00 3,400.00 66.00 SNOW AND ICE 11-32-12-51200 SNOW & ICE CONTROL WAGES .00 34,586.18 39,540.00 4,953.82 87.47 11-32-12-51250 SNOW & ICE CONTROL OVERTIME .00 10,167.22 25,000.00 14,832.78 40.67 11-32-12-51340 SNOW & ICE LIFE INSURANCE .00 72.48 75.00 2.52 96.64 11-32-12-51345 SNOW & ICE HEALTH INSURANCE .00 8,000.35 10,500.00 2,499.65 76.19 11-32-12-51350 SNOW & ICE DENTAL INSURANCE .00 641.26 750.00 108.74 85.50 11-32-12-51355 SNOW & ICE VISION INSURANCE .00 20.78 30.00 9.22 69.27 11-32-12-51360 SNOW & ICE RETIREMENT FUND .00 3,256.39 4,646.00 1,389.61 70.09 11-32-12-51370 SNOW & ICE DISABILITY INS .00 .00 50.00 50.00 .00 11-32-12-51520 SNOW & ICE SOCIAL SECURITY .00 3,394.35 4,937.00 1,542.65 68.75 11-32-12-52200 CONTRACT HAULING SERVICES .00 15,978.20 35,000.00 19,021.80 45.65 11-32-12-52500 SNOW & ICE CONTROL-REPAIRS .00 1,165.00 8,500.00 7,335.00 13.71 11-32-12-53400 OPERATING SUPPLIES-SNOW & ICE .00 21,647.96 79,543.00 57,895.04 27.22 11-32-12-53440 SNOW REMOVAL EXPENSES .00 6,600.00 .00 6,600.00- .00 11-32-12-53510 EQUIP MAINT SUPPL-SNOW & ICE .00 370.03 9,200.00 8,829.97 4.02 Total SNOW AND ICE: .00 105,900.20 217,771.00 111,870.80 48.63 TREE AND BRUSH 11-32-13-46440 BRUSH PICKUP CHARGES .00 .00 .00 .00 .00 11-32-13-48510 DONATIONS TO TREE PROGRAM .00 370.00 750.00 380.00 49.33 Total TREE AND BRUSH: .00 370.00 750.00 380.00 49.33 TREE AND BRUSH 11-32-13-51200 TREE, BRUSH & COMPOST WAGES 42,800.38 148,625.55 176,908.00 28,282.45 84.01 11-32-13-51250 TREE, BRUSH & COMPOST OT 403.47 8,200.19 2,600.00 5,600.19- 315.39 11-32-13-51340 TREE, BRUSH & COMPOST LIFE INS 64.07 387.30 500.00 112.70 77.46 11-32-13-51345 TREE,BRUSH & COMPOST HEALTH IN 7,968.75 41,617.96 48,000.00 6,382.04 86.70 11-32-13-51350 TREE, BRUSH & COMPOST DENTAL 528.39 2,788.96 2,600.00 188.96- 107.27 11-32-13-51355 TREE, BRUSH & COMPOST VISION 20.34 115.44 200.00 84.56 57.72 11-32-13-51360 TREE, BRUSH & COMPOST RETIRE 3,110.67 11,291.48 13,361.00 2,069.52 84.51 11-32-13-51370 TREE, BRUSH & COMPOST DISB. IN 17.96 125.72 300.00 174.28 41.91 11-32-13-51520 TREE, BRUSH & COMPOST SOC SEC 3,224.98 11,733.05 14,196.00 2,462.95 82.65 11-32-13-52200 FORESTRY SERVICES .00 .00 2,500.00 2,500.00 .00 11-32-13-53440 BRUSH PICKUP EXPENSES .00 .00 .00 .00 .00 11-32-13-53460 PURCHASE OF TREES .00 255.00 20,000.00 19,745.00 1.28 11-32-13-53470 TREE TREATMENTS .00 .00 10,000.00 10,000.00 .00 11-32-13-54100 TRAINING & SEMINARS 1,202.00 4,023.80 2,500.00 1,523.80- 160.95 Page 142 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 13 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-32-13-54200 TREE & BRUSH-REPAIR .00 10,828.57 7,500.00 3,328.57- 144.38 11-32-13-54300 TREE, BRUSH & COMPOST OPER SU 1,355.67 8,067.83 20,000.00 11,932.17 40.34 11-32-13-56810 MEMORIAL TREE PURCHASES .00 .00 .00 .00 .00 Total TREE AND BRUSH: 60,696.68 248,060.85 321,165.00 73,104.15 77.24 COMPOST OPERATIONS 11-32-14-51200 COMPOSTING ST DEPT WAGES .00 .00 .00 .00 .00 11-32-14-51360 COMPOSTING RETIREMENT FUND .00 .00 .00 .00 .00 11-32-14-51370 COMPOSTING DISABILITY INS .00 .00 .00 .00 .00 11-32-14-51520 COMPOSTING SOCIAL SECURITY .00 .00 .00 .00 .00 11-32-14-52200 COMPOSTING SERVICES .00 .00 .00 .00 .00 11-32-14-54300 COMPOSTING OPERATING SUPPLIES .00 .00 .00 .00 .00 Total COMPOST OPERATIONS: .00 .00 .00 .00 .00 STORM SEWER 11-32-15-51200 STORM SEWER WAGES 408.16 765.30 4,557.00 3,791.70 16.79 11-32-15-51230 STORM SEWER WAGES DIG HOT 1,862.23 4,403.02 6,145.00 1,741.98 71.65 11-32-15-51250 STORM SEWER OVERTIME .00 .00 .00 .00 .00 11-32-15-51340 STORM SEWER LIFE INS 2.34 7.52 20.00 12.48 37.60 11-32-15-51345 STORM SEWER HEALTH INSURANCE .00 .00 1,945.00 1,945.00 .00 11-32-15-51350 STORM SEWER DENTAL INSURANCE 21.87 70.32 250.00 179.68 28.13 11-32-15-51355 STORM SEWER VISION INSURANCE .00 .00 15.00 15.00 .00 11-32-15-51360 STORM SEWER RETIREMENT 163.47 372.09 1,036.00 663.91 35.92 11-32-15-51370 STORM SEWER DISABILITY INS .00 .00 15.00 15.00 .00 11-32-15-51520 STORM SEWER SOC SEC 173.70 395.38 1,100.00 704.62 35.94 11-32-15-54500 STORM SEWER MAINTENANCE 2,771.54 4,432.57 12,000.00 7,567.43 36.94 11-32-15-54600 STORM SEWER DIGGERS HOTLINE .00 1,363.90 2,000.00 636.10 68.20 Total STORM SEWER: 5,403.31 11,810.10 29,083.00 17,272.90 40.61 Total STREET DEPARTMENT: 191,621.07 1,195,420.51 2,131,432.00 936,011.49 56.09 TRAFFIC CONTROL TRAFFIC CONTROL 11-34-10-46390 CAR TOWING REIMBURSEMENTS .00 920.00 1,500.00 580.00 61.33 Total TRAFFIC CONTROL: .00 920.00 1,500.00 580.00 61.33 TRAFFIC CONTROL 11-34-10-51200 TRAFFIC CONTROL WAGES 510.20 612.24 1,700.00 1,087.76 36.01 11-34-10-51250 TRAFFIC CONTROL OVERTIME .00 .00 250.00 250.00 .00 11-34-10-51340 TRAFFIC CONTROL LIFE INS .50 .67 5.00 4.33 13.40 11-34-10-51345 TRAFFIC CONTROL HEALTH INSUR .00 .00 250.00 250.00 .00 11-34-10-51350 TRAFFIC CONTROL DENTAL INSUR 4.69 6.30 25.00 18.70 25.20 11-34-10-51355 TRAFFIC CONTROL VISION INS .00 .00 .00 .00 .00 11-34-10-51360 TRAFFIC CONTROL RETIREMENT 36.74 44.09 125.00 80.91 35.27 11-34-10-51370 TRAFFIC CONTROL DISABILITY INS .00 .00 10.00 10.00 .00 11-34-10-51520 TRAFFIC CONTROL SOCIAL SEC 39.04 46.85 149.00 102.15 31.44 11-34-10-52220 ELECTRICITY-FLASHERS 433.52 2,668.33 5,000.00 2,331.67 53.37 11-34-10-52230 STREET LIGHTS ELECTRICITY 9,260.37 57,170.54 110,000.00 52,829.46 51.97 11-34-10-52600 REPAIRS-TRAFFIC SIGNALS,ETC .00 4,998.58 9,500.00 4,501.42 52.62 11-34-10-52610 STREET LIGHTS REPAIRS 5,126.30 6,881.05 7,500.00 618.95 91.75 11-34-10-52900 CAR TOWING .00 1,520.00 4,000.00 2,480.00 38.00 11-34-10-53700 MARKING PAINT 10,406.56 10,539.12 17,000.00 6,460.88 61.99 Page 143 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 14 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-34-10-53740 STREET IDENTIFICATION SIGNS .00 2,193.43 2,650.00 456.57 82.77 11-34-10-53750 TRAFFIC CONTROL STREET SIGNS 515.18 7,381.91 5,500.00 1,881.91- 134.22 11-34-10-53940 STREET DECORATIONS 542.66 8,413.84 5,000.00 3,413.84- 168.28 Total TRAFFIC CONTROL: 26,875.76 102,476.95 168,664.00 66,187.05 60.76 Total TRAFFIC CONTROL: 26,875.76 103,396.95 170,164.00 66,767.05 60.76 SANITATION AND RECYCLING SANITATION AND RECYCLING 11-36-00-52940 SOLID WASTE-RESIDENTIAL 42,150.78 294,715.26 469,350.00 174,634.74 62.79 11-36-00-52960 SOLID WASTE-STREET DEPT .00 4,799.56 12,500.00 7,700.44 38.40 11-36-00-52970 SOLID WASTE-RECYCLING 23,119.74 161,651.58 264,350.00 102,698.42 61.15 Total SANITATION AND RECYCLING: 65,270.52 461,166.40 746,200.00 285,033.60 61.80 Total SANITATION AND RECYCLING: 65,270.52 461,166.40 746,200.00 285,033.60 61.80 MUSEUM MUSEUM 11-51-10-52220 MUSEUM-ELECTRICITY 563.80 4,948.05 11,500.00 6,551.95 43.03 11-51-10-52240 MUSEUM-GAS HEAT 202.03 4,661.93 5,250.00 588.07 88.80 11-51-10-52260 MUSEUM-WATER & SEWER EXP .00 660.47 1,750.00 1,089.53 37.74 11-51-10-52400 MUSEUM-MAINTENANCE & REPAIRS .00 3,138.50 10,000.00 6,861.50 31.39 11-51-10-57350 MUSEUM-OPERATIONS SUBSIDY .00 6,500.00 13,000.00 6,500.00 50.00 Total MUSEUM: 765.83 19,908.95 41,500.00 21,591.05 47.97 Total MUSEUM: 765.83 19,908.95 41,500.00 21,591.05 47.97 PARKS PARKS 11-52-00-46740 PARK APPLICATION FEE .00 .00 .00 .00 .00 11-52-00-46750 PARK USE FEES .00 4,271.25 15,000.00 10,728.75 28.48 11-52-00-48000 SPONSORSHIPS .00 .00 .00 .00 .00 11-52-00-48500 PARK DONATIONS .00 6,421.95 5,000.00 1,421.95- 128.44 11-52-00-48510 PARK DONATIONS-YMCA .00 .00 .00 .00 .00 11-52-00-48600 PARK FUND GRANTS .00 .00 5,000.00 5,000.00 .00 11-52-00-48910 PARK FUND COLLECTIONS .00 .00 .00 .00 .00 Total PARKS: .00 10,693.20 25,000.00 14,306.80 42.77 PARKS 11-52-00-51000 PARKS DIRECTOR .00 .00 .00 .00 .00 11-52-00-51100 SALARIES AND WAGES 13,836.00 64,568.00 119,850.00 55,282.00 53.87 11-52-00-51200 PARKS WAGES 18,470.68 50,373.94 120,635.00 70,261.06 41.76 11-52-00-51250 PARKS OVERTIME WAGES 1,159.13 3,447.93 11,120.00 7,672.07 31.01 11-52-00-51340 PARKS LIFE INSURANCE 34.29 162.91 300.00 137.09 54.30 11-52-00-51345 PARKS HEALTH INSURANCE 4,556.42 29,520.54 36,000.00 6,479.46 82.00 11-52-00-51350 PARKS DENTAL INSURANCE 315.30 1,680.84 2,120.00 439.16 79.28 11-52-00-51355 PARKS VISION INSURANCE 12.28 83.33 225.00 141.67 37.04 11-52-00-51360 PARKS RETIREMENT FUND 2,409.51 8,523.99 17,315.00 8,791.01 49.23 11-52-00-51370 PARKS DISABILITY INS 34.20 233.12 475.00 241.88 49.08 11-52-00-51520 PARKS SOCIAL SECURITY 2,506.42 8,847.46 19,248.00 10,400.54 45.97 11-52-00-52165 PARK PLAN .00 .00 .00 .00 .00 11-52-00-52220 PARKS ELECTRICITY 633.83 5,119.75 10,000.00 4,880.25 51.20 Page 144 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 15 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-52-00-52240 PARKS GAS HEAT .00 336.77 1,500.00 1,163.23 22.45 11-52-00-52260 PARKS WATER & SEWER EXP .00 1,592.87 5,500.00 3,907.13 28.96 11-52-00-52270 FOUNTAINS/STATUES-WATER/SEWER .00 622.95 3,500.00 2,877.05 17.80 11-52-00-52410 BLDG MAINT&REPAIR-PARKS 2,429.51 4,263.82 6,500.00 2,236.18 65.60 11-52-00-52500 EQUIPMENT REPAIR SERVICES .00 3,650.50 6,500.00 2,849.50 56.16 11-52-00-53400 PARKS OPERATING SUPPLIES 689.35 2,062.50 6,500.00 4,437.50 31.73 11-52-00-53500 BLDG MAINT SUPPLIES-PARKS 442.00 12,877.71 30,000.00 17,122.29 42.93 11-52-00-53520 GROUNDS MAINT SUPPLIES 80.91 15,944.02 25,000.00 9,055.98 63.78 11-52-00-53620 GROUNDS FERTILIZER/WEED CONTR 1,152.24 5,971.34 7,500.00 1,528.66 79.62 11-52-00-53990 PARKS MISCELLANEOUS EXPENSES .00 1,028.88 5,000.00 3,971.12 20.58 11-52-00-57360 PARK DONATION PURCHASES 4,065.00 13,945.00 .00 13,945.00- .00 11-52-00-57370 PARK DONATION PURCHASES-YMCA .00 .00 .00 .00 .00 11-52-00-58400 4 SEASON NATURE PRESERVE .00 3,000.00 14,800.00 11,800.00 20.27 11-52-00-59220 DUNN FIELD ELECTRIC 169.41 1,177.36 2,100.00 922.64 56.06 11-52-00-59500 BLDG MAINT SUPPLIES-RECREATION .00 .00 2,200.00 2,200.00 .00 11-52-00-59510 EQUIP MAINT SUPPL-RECREATION 392.60 1,177.60 1,000.00 177.60- 117.76 Total PARKS: 53,389.08 240,213.13 454,888.00 214,674.87 52.81 VETERANS PARK 11-52-01-51200 VETS PARKS WAGES 7,627.64 17,800.75 60,759.00 42,958.25 29.30 11-52-01-51250 VETS PARKS OVERTIME .00 1,120.13 3,500.00 2,379.87 32.00 11-52-01-51340 VETS PARK LIFE INSURANCE 6.48 28.96 75.00 46.04 38.61 11-52-01-51345 VETS PARK HEALTH INSURANCE 2,639.68 9,419.52 18,000.00 8,580.48 52.33 11-52-01-51350 VETS PARK DENTAL INSURANCE 128.46 479.23 1,541.00 1,061.77 31.10 11-52-01-51355 VETS PARK VISION INSURANCE 8.69 31.01 55.00 23.99 56.38 11-52-01-51360 VETS PARKS RETIREMENT FUND 549.19 1,399.02 4,375.00 2,975.98 31.98 11-52-01-51370 VETS PARKS DISABILITY INS .00 .00 50.00 50.00 .00 11-52-01-51520 VETS PARKS SOCIAL SECURITY 558.48 1,392.15 4,916.00 3,523.85 28.32 11-52-01-52220 VETS PARKS ELECTRICITY 653.71 5,316.07 9,000.00 3,683.93 59.07 11-52-01-52240 VETS PARK GAS HEAT 120.14 1,684.15 1,000.00 684.15- 168.42 11-52-01-52260 VETS PARK WATER & SEWER .00 994.17 2,400.00 1,405.83 41.42 11-52-01-53400 VETS PARK OPERATING SUPPLIES 183.97 1,750.06 6,500.00 4,749.94 26.92 11-52-01-53500 BLDG MAINT & REPAIR .00 .00 3,000.00 3,000.00 .00 11-52-01-59520 GROUNDS MAINTENANCE SUPPLIES .00 3,050.97 8,000.00 4,949.03 38.14 Total VETERANS PARK: 12,476.44 44,466.19 123,171.00 78,704.81 36.10 Total PARKS: 65,865.52 295,372.52 603,059.00 307,686.48 48.98 HILLMOOR HILLMOOR 11-62-01-51200 HILLMOOR WAGES 2,660.41 6,193.87 40,427.00 34,233.13 15.32 11-62-01-51250 HILLMOOR OVERTIME 27.26 27.26 .00 27.26- .00 11-62-01-51340 HILLMOOR LIFE INSURANCE .00 .20 20.00 19.80 1.00 11-62-01-51345 HILLMOOR HEALTH INSURANCE .00 23.44 4,000.00 3,976.56 .59 11-62-01-51350 HILLMOOR DENTAL INSURANCE .00 3.08 195.00 191.92 1.58 11-62-01-51355 HILLMOOR VISION INSURANCE .00 .00 20.00 20.00 .00 11-62-01-51360 HILLMOOR RETIREMENT FUND 36.52 121.11 1,100.00 978.89 11.01 11-62-01-51370 HILLMOOR DISABILITY INS .00 .00 .00 .00 .00 11-62-01-51520 HILLMOOR SOCIAL SECURITY 204.96 473.77 3,552.00 3,078.23 13.34 11-62-01-53400 HILLMOOR OPERATING SUPPLIES .00 .00 5,000.00 5,000.00 .00 11-62-01-53500 BLDG MAINT & REPAIR .00 .00 .00 .00 .00 11-62-01-59520 GROUNDS MAINTENANCE SUPPLIES .00 37.95 3,500.00 3,462.05 1.08 11-62-01-59530 ECOLOGICAL RESTORATION PLAN .00 .00 .00 .00 .00 11-62-01-59540 PARK PLAN-ZONE 1 .00 .00 .00 .00 .00 Page 145 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 16 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 11-62-01-59900 OTHER PROFESSIONAL SERVICES 3,000.00 19,500.00 36,000.00 16,500.00 54.17 Total HILLMOOR: 5,929.15 26,380.68 93,814.00 67,433.32 28.12 Total HILLMOOR: 5,929.15 26,380.68 93,814.00 67,433.32 28.12 PARKS PROGRAMS PARKS PROGRAMS 11-65-02-46750 ADULT SPORTS PROGRAM .00 1,286.41 .00 1,286.41- .00 Total PARKS PROGRAMS: .00 1,286.41 .00 1,286.41- .00 Total PARKS PROGRAMS: .00 1,286.41 .00 1,286.41- .00 PLAN COMMISSION PLAN COMMISSION 11-69-30-52130 IMPACT FEES STUDY .00 .00 .00 .00 .00 11-69-30-52165 PARK PLAN .00 .00 .00 .00 .00 11-69-30-53320 PLAN COMMISSION CONF & SCHOOL .00 .00 .00 .00 .00 11-69-30-53990 PLAN COMMISSION MISC EXP .00 .00 .00 .00 .00 Total PLAN COMMISSION: .00 .00 .00 .00 .00 Total PLAN COMMISSION: .00 .00 .00 .00 .00 MISCELLANEOUS MISCELLANEOUS 11-70-00-47210 HISTORIC PRESERVATION DONATION .00 54.00 100.00 46.00 54.00 11-70-00-47230 HISTORIC PLAQUE REIMBURSEMENT .00 .00 .00 .00 .00 11-70-00-47300 AVIAN DONATIONS .00 .00 250.00 250.00 .00 Total MISCELLANEOUS: .00 54.00 350.00 296.00 15.43 MISCELLANEOUS 11-70-00-57200 HISTORIC PRESERVATION .00 3,229.23 19,000.00 15,770.77 17.00 11-70-00-57220 HISTORICAL GRANT-(PASS THRU) .00 .00 .00 .00 .00 11-70-00-57230 HISTORIC PLAQUE PURCHASES .00 .00 1,000.00 1,000.00 .00 11-70-00-57450 MEMORIAL BRICK EXPENSES .00 .00 .00 .00 .00 11-70-00-57600 YMCA-YOUTH ATHLETIC PROGRAM .00 42,436.00 63,654.00 21,218.00 66.67 11-70-00-57800 AVIAN COMMITTEE EXPENSES 534.74 1,984.74 3,500.00 1,515.26 56.71 Total MISCELLANEOUS: 534.74 47,649.97 87,154.00 39,504.03 54.67 Total MISCELLANEOUS: 534.74 47,703.97 87,504.00 39,800.03 54.52 GENERAL FUND Revenue Total: 809,885.14 6,209,812.51 19,796,853.00 13,587,040.49 31.37 GENERAL FUND Expenditure Total: 1,913,473.20 10,763,591.73 19,885,589.70 9,121,997.97 54.13 Net Total GENERAL FUND: 1,103,588.06- 4,553,779.22- 88,736.70- 4,465,042.52 5,131.79 Page 146 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 17 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget DEBT SERVICE FUND DEBT SERVICE DEBT SERVICE 20-81-00-41110 PROPERTY TAX LEVY .00 2,743,592.00 2,743,592.00 .00 100.00 20-81-00-48110 INTEREST INCOME 1,216.36 8,938.44 20,000.00 11,061.56 44.69 20-81-00-48140 PORTFOLIO GAIN/LOSSES 27.54- 139.96- 4,000.00 4,139.96 3.50- 20-81-00-49050 PREMIUM ON DEBT ISSUANCE .00 .00 .00 .00 .00 20-81-00-49100 APPLIED PRIOR YR APPROPRIATION .00 .00 .00 .00 .00 20-81-00-49600 TRANSFER IN FROM TOURISM FUND .00 .00 242,655.00 242,655.00 .00 Total DEBT SERVICE: 1,188.82 2,752,390.48 3,010,247.00 257,856.52 91.43 DEBT SERVICE 20-81-00-56240 2011 PROM NOTE-PRINCIPAL .00 .00 .00 .00 .00 20-81-00-56260 2014 PROM NOTE-PRINCIPAL .00 .00 .00 .00 .00 20-81-00-56270 2017 GO LOAN-PRINCIPAL .00 350,000.00 700,000.00 350,000.00 50.00 20-81-00-56280 2021 GO LOAN 2021A-PRINCIPAL .00 235,000.00 235,000.00 .00 100.00 20-81-00-56290 2021 GO LOAN 2021B-PRINCIPAL .00 745,000.00 745,000.00 .00 100.00 20-81-00-56300 2022 GO LOAN 2022-PRINCIPAL .00 225,000.00 225,000.00 .00 100.00 20-81-00-56400 2024A GO NOTES 2024A-PRINCIPAL .00 385,000.00 385,000.00 .00 100.00 20-81-00-56560 2011 PROM NOTE-INTEREST .00 .00 .00 .00 .00 20-81-00-56570 2014 PROM NOTE-INTEREST .00 .00 .00 .00 .00 20-81-00-56580 2017 GO LOAN-INTEREST .00 11,246.81 18,404.00 7,157.19 61.11 20-81-00-56590 2021 GO LOAN 2021A-INTEREST .00 7,655.00 14,605.00 6,950.00 52.41 20-81-00-56600 2021 GO LOAN 2021B-INTEREST .00 33,575.00 59,700.00 26,125.00 56.24 20-81-00-56700 2022 GO LOAN 2022-INTEREST .00 113,693.75 221,763.00 108,069.25 51.27 20-81-00-56800 2024A GO NOTES 2024A-INTEREST .00 195,700.00 381,775.00 186,075.00 51.26 Total DEBT SERVICE: .00 2,301,870.56 2,986,247.00 684,376.44 77.08 Total DEBT SERVICE: 1,188.82 5,054,261.04 5,996,494.00 942,232.96 84.29 DEBT SERVICE FUND Revenue Total: 1,188.82 2,752,390.48 3,010,247.00 257,856.52 91.43 DEBT SERVICE FUND Expenditure Total: .00 2,301,870.56 2,986,247.00 684,376.44 77.08 Net Total DEBT SERVICE FUND: 1,188.82 450,519.92 24,000.00 426,519.92- 1,877.17 Page 147 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 18 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget LAKEFRONT FUND LAKEFRONT FUND LAKEFRONT FUND 40-00-00-48110 INTEREST INCOME 4,479.44 30,118.58 75,000.00 44,881.42 40.16 40-00-00-49100 APPL. PRIOR YR APPROPRIATIONS .00 .00 100,000.00 100,000.00 .00 Total LAKEFRONT FUND: 4,479.44 30,118.58 175,000.00 144,881.42 17.21 Total LAKEFRONT FUND: 4,479.44 30,118.58 175,000.00 144,881.42 17.21 BUOYS AND BOAT STALLS BUOYS AND BOAT STALLS 40-52-10-46750 BUOY/BOAT STALL WAITING LIST 50.00 250.00 .00 250.00- .00 40-52-10-46755 KAYAK WAITING LIST 5.00 40.00 50.00 10.00 80.00 40-52-10-46760 BUOY/STALL LATE FEES .00 375.00 400.00 25.00 93.75 40-52-10-46770 BUOY & SLIP LEASES-CITY 1,103.32 197,371.41 200,000.00 2,628.59 98.69 40-52-10-46780 KAYAK RACK SPACE RENTAL 174.41 8,731.87 8,500.00 231.87- 102.73 40-52-10-47250 DONATIONS - LAKEFRONT .00 142.18 .00 142.18- .00 Total BUOYS AND BOAT STALLS: 1,332.73 206,910.46 208,950.00 2,039.54 99.02 BUOYS AND BOAT STALLS 40-52-10-51100 HARBORMASTER SALARY .00 .00 .00 .00 .00 40-52-10-51200 PIERS WAGES .00 .00 .00 .00 .00 40-52-10-51340 HARBOR LIFE INSURANCE .00 .00 .00 .00 .00 40-52-10-51360 HARBOR RETIREMENT EXP .00 .00 .00 .00 .00 40-52-10-51520 HARBOR SOCIAL SECURITY .00 .00 .00 .00 .00 40-52-10-52110 PIER MAINTENANCE CONTRACT .00 50,000.00 50,000.00 .00 100.00 40-52-10-52640 BUOYS & BOAT STALLS-REPAIRS .00 51,022.81 65,000.00 13,977.19 78.50 40-52-10-53140 LIABILITY & PROPERTY INSURANCE .00 14,538.74 19,385.00 4,846.26 75.00 40-52-10-53510 EQUIP MAINT SUPP-BUOYS,STALLS .00 .00 2,000.00 2,000.00 .00 40-52-10-53980 WEST PIER REPLACEMENT FUND .00 .00 50,000.00 50,000.00 .00 40-52-10-53990 BUOY/STALL MISC. EXPENSES .00 777.50 2,500.00 1,722.50 31.10 Total BUOYS AND BOAT STALLS: .00 116,339.05 188,885.00 72,545.95 61.59 BOAT LAUNCH 40-52-11-46000 LAUNCH RAMP OVERAGE/SHORTAGE .00 4.00 .00 4.00- .00 40-52-11-46750 LAUNCH PASS FEES 1,796.21 6,990.55 8,000.00 1,009.45 87.38 40-52-11-46760 BOAT LAUNCH RAMP INCOME 2,627.25 7,801.40 22,000.00 14,198.60 35.46 40-52-11-46770 KAYAK LAUNCH INCOME .00 212.33 500.00 287.67 42.47 Total BOAT LAUNCH: 4,423.46 15,008.28 30,500.00 15,491.72 49.21 BOAT LAUNCH 40-52-11-51200 LAUNCH RAMP WAGES 1,853.86 8,747.30 17,500.00 8,752.70 49.98 40-52-11-51520 LAUNCH RAMP SOC SEC 141.81 483.87 1,339.00 855.13 36.14 40-52-11-52520 LAUNCH RAMP REPAIRS .00 .00 2,000.00 2,000.00 .00 40-52-11-53520 LAUNCH RAMP MAINT SUPPLIES .00 .00 500.00 500.00 .00 40-52-11-53990 LAUNCH RAMP MISCELLANEOUS .00 21.90 500.00 478.10 4.38 Total BOAT LAUNCH: 1,995.67 9,253.07 21,839.00 12,585.93 42.37 Total BUOYS AND BOAT STALLS: 7,751.86 347,510.86 450,174.00 102,663.14 77.19 Page 148 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 19 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget BEACH BEACH 40-54-10-43660 DNR LAKE PATROL GRANT 23,272.59 23,272.59 .00 23,272.59- .00 40-54-10-43670 CLEAN BOATS CLEAN WATER GRANT .00 .00 2,400.00 2,400.00 .00 40-54-10-46100 MISC BEACH REVENUE .00 .00 .00 .00 .00 40-54-10-46730 BEACH REVENUE 33,461.62 153,376.32 565,000.00 411,623.68 27.15 40-54-10-46735 BEACH REVENUE-VIPLY .00 .00 .00 .00 .00 40-54-10-46740 BEACH PASS RESIDENTS 5,001.42 23,804.48 24,000.00 195.52 99.19 40-54-10-46750 BEACH PASS - SEASONAL 189.58 782.02 2,000.00 1,217.98 39.10 Total BEACH: 61,925.21 201,235.41 593,400.00 392,164.59 33.91 BEACH 40-54-10-51100 HARBORMASTER WAGES 9,025.67 33,843.22 82,032.00 48,188.78 41.26 40-54-10-51200 BEACH MTCE WAGES 978.87 3,263.97 6,200.00 2,936.03 52.64 40-54-10-51250 BEACH MTCE OVERTIME WAGES 1,454.63 8,036.94 8,000.00 36.94- 100.46 40-54-10-51260 BEACH SEASONAL WAGES 5,244.70 45,189.84 97,000.00 51,810.16 46.59 40-54-10-51340 BEACH MTCE LIFE INS 11.27 29.48 74.00 44.52 39.84 40-54-10-51345 BEACH MTCE HEALTH INSURANCE 1,944.41 7,242.96 34,176.00 26,933.04 21.19 40-54-10-51350 BEACH MTCE DENTAL INSURANCE 130.02 465.84 1,641.00 1,175.16 28.39 40-54-10-51355 BEACH MTCE VISION INSURANCE 5.71 21.77 110.00 88.23 19.79 40-54-10-51360 BEACH MTCE RETIREMENT FUND 720.35 2,037.08 7,023.00 4,985.92 29.01 40-54-10-51370 BEACH MTCE DISABILITY INS 24.77 74.31 189.00 114.69 39.32 40-54-10-51380 UNIFORMS .00 .00 2,000.00 2,000.00 .00 40-54-10-51520 BEACH SOCIAL SECURITY 1,255.87 6,872.17 14,883.00 8,010.83 46.17 40-54-10-52210 BEACH TELEPHONE 34.48 103.44 500.00 396.56 20.69 40-54-10-52220 BEACH ELECTRIC 259.38 2,088.22 4,700.00 2,611.78 44.43 40-54-10-52640 LAKE SPRAYING .00 2,465.00 5,000.00 2,535.00 49.30 40-54-10-53100 BEACH OFFICE SUPPLIES 250.07 2,624.64 5,000.00 2,375.36 52.49 40-54-10-53130 WORKER'S COMPENSATION INS .00 .00 4,500.00 4,500.00 .00 40-54-10-53140 LIABILITY & PROPERTY INSURANCE .00 .00 10,000.00 10,000.00 .00 40-54-10-53400 CALE OPERATING AND CC EXP .00 .00 20,000.00 20,000.00 .00 40-54-10-53520 BEACH MAINTENANCE SUPPLIES .00 191.94 5,000.00 4,808.06 3.84 40-54-10-53620 BEACH MAINTENANCE SERVICE COS .00 .00 2,500.00 2,500.00 .00 40-54-10-53720 BEACH DREDGING .00 .00 .00 .00 .00 40-54-10-53990 BEACH MISCELLANEOUS 24.99 548.88 3,000.00 2,451.12 18.30 40-54-10-57200 WATER SAFETY PATROL .00 .00 41,758.00 41,758.00 .00 40-54-10-57210 GLAKE LAW ENFORCEMENT AGENCY .00 .00 .00 .00 .00 40-54-10-57300 GLAKE ENVIRONMENTAL AGENCY .00 22,500.00 45,000.00 22,500.00 50.00 40-54-10-57350 GENEVA LAKE LEVEL CORP .00 .00 4,000.00 4,000.00 .00 40-54-10-57800 VENETIAN FESTIVAL FIREWORKS 10,000.00 10,000.00 10,000.00 .00 100.00 40-54-10-58000 OUTLAY - BEACH EQUIPMENT .00 .00 19,500.00 19,500.00 .00 Total BEACH: 31,365.19 147,599.70 433,786.00 286,186.30 34.03 Total BEACH: 93,290.40 348,835.11 1,027,186.00 678,350.89 33.96 UPPER RIVIERA UPPER RIVIERA 40-55-10-46740 UPPER RIVIERA REVENUE 22,684.37 334,093.14 305,000.00 29,093.14- 109.54 40-55-10-46750 UPPER RIVIERA CATERING REV 2,142.10 20,530.10 42,000.00 21,469.90 48.88 40-55-10-46760 UPPER RIVIERA MISC REVENUE .00 .00 500.00 500.00 .00 Total UPPER RIVIERA: 24,826.47 354,623.24 347,500.00 7,123.24- 102.05 Page 149 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 20 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget UPPER RIVIERA 40-55-10-51200 RIVIERA MTCE WAGES 9,398.71 42,593.75 77,457.00 34,863.25 54.99 40-55-10-51250 RIVIERA MTCE OVERTIME 1,317.28 5,159.01 9,500.00 4,340.99 54.31 40-55-10-51260 RIVIERA EVENT STAFF WAGES 4,141.70 10,788.24 22,000.00 11,211.76 49.04 40-55-10-51270 RIVIERA EVENT STAFF WAGES .00 .00 .00 .00 .00 40-55-10-51340 RIVIERA MTCE LIFE INSURANCE 7.01 50.84 82.00 31.16 62.00 40-55-10-51345 RIVIERA MTCE HEALTH INSURANCE 1,944.41 13,556.13 26,063.00 12,506.87 52.01 40-55-10-51350 RIVIERA MTCE DENTAL INSURANCE 130.01 916.04 1,621.00 704.96 56.51 40-55-10-51355 RIVIERA MTCE VISION INSURANCE .00 .83 5.00 4.17 16.60 40-55-10-51360 RIVIERA MTCE RETIREMENT FUND 765.81 3,449.23 5,576.00 2,126.77 61.86 40-55-10-51370 RIVIERA MTCE DISABILITY INS 14.74 103.18 180.00 76.82 57.32 40-55-10-51520 RIVIERA SOCIAL SECURITY 1,116.24 4,394.53 8,335.00 3,940.47 52.72 40-55-10-52210 TELEPHONE EXPENSE 242.28 1,143.61 1,500.00 356.39 76.24 40-55-10-52240 UPPER RIVIERA GAS HEAT 92.48 1,811.14 4,200.00 2,388.86 43.12 40-55-10-52260 UPPER RIV WATER & SEWER BILLS .00 442.28 2,000.00 1,557.72 22.11 40-55-10-52400 UPPER RIVIERA REPAIRS .00 .00 2,900.00 2,900.00 .00 40-55-10-53120 POSTAGE EXPENSE .00 .00 .00 .00 .00 40-55-10-53160 PUBLICATIONS & PROMOTIONS .00 .00 .00 .00 .00 40-55-10-53500 BLDG MAINT SUPPLIES-UPPER RIV 386.44 1,348.99 4,000.00 2,651.01 33.72 40-55-10-53600 UPPER RIVIERA MAINTENANCE 685.00 7,750.32 9,200.00 1,449.68 84.24 Total UPPER RIVIERA: 20,242.11 93,508.12 174,619.00 81,110.88 53.55 LOWER RIVIERA CONCOURSE 40-55-20-46790 RIVIERA CONCOURSE ELECTRIC .00 12,708.26 12,150.00 558.26- 104.59 40-55-20-48200 RIVIERA CONCOURSE LEASES .00 58,441.13 120,172.00 61,730.87 48.63 40-55-20-48230 RIVIERA PROMOTIONAL REVENUE .00 .00 .00 .00 .00 40-55-20-48250 DONATIONS-FOUNTAIN .00 3.75 1,350.00 1,346.25 .28 Total LOWER RIVIERA CONCOURSE: .00 71,153.14 133,672.00 62,518.86 53.23 LOWER RIVIERA CONCOURSE 40-55-20-51200 LAKEFRONT SECURITY PD WAGES 1,468.64 4,783.19 36,000.00 31,216.81 13.29 40-55-20-51520 LAKEFRONT SECURITY PD FICA 112.36 365.93 2,754.00 2,388.07 13.29 40-55-20-52210 RIVIERA ELEVATOR PHONE EXPENSE 669.77 4,013.56 4,800.00 786.44 83.62 40-55-20-52260 LOWER RIV WATER & SEWER BILLS .00 1,976.68 4,000.00 2,023.32 49.42 40-55-20-52400 LOWER RIVIERA REPAIRS .00 1,053.35 33,100.00 32,046.65 3.18 40-55-20-53130 WORKERS COMP INSURANCE .00 .00 2,000.00 2,000.00 .00 40-55-20-53140 LIABILITY & PROPERTY INSURANCE .00 .00 9,450.00 9,450.00 .00 40-55-20-53500 BLDG MAINT SUPPLIES-LOWER RIV 928.05 3,734.13 8,000.00 4,265.87 46.68 40-55-20-53550 FOUNTAIN MAINT EXP .00 213.93 1,500.00 1,286.07 14.26 40-55-20-53600 RIV MAINTENANCE SERVICE COSTS 2,594.00 14,184.51 15,000.00 815.49 94.56 40-55-20-53990 MISCELLANEOUS EXPENSES 32.00 243.98 500.00 256.02 48.80 40-55-20-58000 OUTLAY - RIVIERA EQUIPMENT .00 .00 9,000.00 9,000.00 .00 40-55-20-59300 TRANSFER TO GENERAL FUND .00 .00 771,534.00 771,534.00 .00 40-55-20-59350 TRANSFER TO CAPITAL PROJECTS .00 .00 .00 .00 .00 Total LOWER RIVIERA CONCOURSE: 5,804.82 30,569.26 897,638.00 867,068.74 3.41 RIVIERA PIERS AND DOCKS 40-55-30-48210 RIVIERA DOCKS LEASES .00 88,932.20 160,105.00 71,172.80 55.55 40-55-30-48220 BUOY & SLIP LEASES-RIVIERA .00 99,604.06 123,108.00 23,503.94 80.91 Total RIVIERA PIERS AND DOCKS: .00 188,536.26 283,213.00 94,676.74 66.57 Page 150 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 21 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget RIVIERA PIERS AND DOCKS 40-55-30-52220 PIER ELECTRIC 2,611.05 22,627.75 35,000.00 12,372.25 64.65 40-55-30-52640 PIER REPAIRS .00 .00 45,000.00 45,000.00 .00 Total RIVIERA PIERS AND DOCKS: 2,611.05 22,627.75 80,000.00 57,372.25 28.28 RIVIERA MISCELLANEOUS 40-55-40-49000 TRANSFER FROM TOURISM-GRANT .00 .00 .00 .00 .00 Total RIVIERA MISCELLANEOUS: .00 .00 .00 .00 .00 RIVIERA MISCELLANEOUS 40-55-40-53000 TOURISM GRANT FUNDS EXP .00 .00 .00 .00 .00 Total RIVIERA MISCELLANEOUS: .00 .00 .00 .00 .00 Total UPPER RIVIERA: 53,484.45 761,017.77 1,916,642.00 1,155,624.23 39.71 LAKEFRONT FUND Revenue Total: 96,987.31 1,067,585.37 1,772,235.00 704,649.63 60.24 LAKEFRONT FUND Expenditure Total: 62,018.84 419,896.95 1,796,767.00 1,376,870.05 23.37 Net Total LAKEFRONT FUND: 34,968.47 647,688.42 24,532.00- 672,220.42- 2,640.18- Page 151 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 22 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget PARKING FUND PARKING PARKING 42-34-50-46100 PARKING MISC REVENUE 20.00 680.07 300.00 380.07- 226.69 42-34-50-46320 PARKING TICKET PENALTIES 15,600.00 72,850.00 125,000.00 52,150.00 58.28 42-34-50-46330 PARKING STALL COLLECTIONS 170,654.05 695,395.54 1,800,000.00 1,104,604.46 38.63 42-34-50-46340 PARKING STALL TICKETS 76,369.00 409,570.00 655,000.00 245,430.00 62.53 42-34-50-46350 PARKING TICKETS-COLL AGENCY .00 30,671.55 62,000.00 31,328.45 49.47 42-34-50-46360 PARKING STICKERS-WALCO,OVER 4 4,331.87 35,280.62 6,000.00 29,280.62- 588.01 42-34-50-46370 PARKING LOT PERMITS .00 10,995.35 12,500.00 1,504.65 87.96 42-34-50-46380 BUSINESS PARKING PASSES 995.19 8,814.54 1,000.00 7,814.54- 881.45 42-34-50-46400 RESERVED PARKING PERMITS/BAGS 303.31 4,180.32 5,000.00 819.68 83.61 42-34-50-46410 PARKING APP NET COLLECTIONS 67,471.56 507,219.43 935,000.00 427,780.57 54.25 42-34-50-46900 MISC SALES .00 8.34 .00 8.34- .00 42-34-50-48110 INTEREST INCOME 4,696.36 47,228.15 95,000.00 47,771.85 49.71 42-34-50-49100 APPL OF PRIOR YR APPROPRIATION .00 .00 75,000.00 75,000.00 .00 Total PARKING: 340,441.34 1,822,893.91 3,771,800.00 1,948,906.09 48.33 PARKING 42-34-50-51100 PARKING MANAGER SALARY 10,240.80 46,083.61 87,575.00 41,491.39 52.62 42-34-50-51160 PARKING WAGES-CLERK/DISPATCH 14,611.54 68,308.43 128,059.00 59,750.57 53.34 42-34-50-51180 PARKING FT WAGES 6,031.20 28,145.62 52,197.00 24,051.38 53.92 42-34-50-51200 PARKING PT WAGES 19,194.33 76,339.30 147,136.00 70,796.70 51.88 42-34-50-51340 PARKING LIFE INSURANCE 35.68 250.97 410.00 159.03 61.21 42-34-50-51345 PARKING HEALTH INSURANCE 6,494.67 45,083.46 55,009.00 9,925.54 81.96 42-34-50-51350 PARKING DENTAL INSURANCE 511.61 3,556.19 4,625.00 1,068.81 76.89 42-34-50-51355 PARKING VISION INSURANCE 25.84 179.77 311.00 131.23 57.80 42-34-50-51360 PARKING RETIREMENT FUND 2,401.45 10,854.38 20,076.00 9,221.62 54.07 42-34-50-51370 PARKING DISABILITY INS 56.86 398.02 682.00 283.98 58.36 42-34-50-51380 PARKING UNIFORMS 72.34 3,465.31 6,000.00 2,534.69 57.76 42-34-50-51520 PARKING SOCIAL SECURITY 3,765.75 16,350.14 32,352.00 16,001.86 50.54 42-34-50-52160 CALE CC AND COLLEC FEES 13,860.77 40,885.17 90,000.00 49,114.83 45.43 42-34-50-52200 PARKING LOT PLANTING/MAINT 265.30 11,402.98 25,000.00 13,597.02 45.61 42-34-50-52210 TELEPHONE EXPENSE 254.96 847.82 2,500.00 1,652.18 33.91 42-34-50-52500 KIOSK REPAIRS/SUPPLIES 15.18 8,031.66 12,500.00 4,468.34 64.25 42-34-50-53100 OFFICE SUPPLIES 285.00 882.07 2,000.00 1,117.93 44.10 42-34-50-53120 POSTAGE EXPENSE .00 745.92 4,200.00 3,454.08 17.76 42-34-50-53130 WORKERS COMPENSATION INSURAN .00 .00 3,750.00 3,750.00 .00 42-34-50-53140 LIABILITY & PROPERTY INSURANCE .00 .00 4,200.00 4,200.00 .00 42-34-50-53320 CONFERENCES/TRAINING .00 2,266.30 2,200.00 66.30- 103.01 42-34-50-53400 OPERATING SUPPLIES- ENFORCEME 7,035.67 10,363.67 17,000.00 6,636.33 60.96 42-34-50-53410 VEHICLE SUPPLIES-FUEL 72.54 685.13 1,500.00 814.87 45.68 42-34-50-53510 VEHICLE/EQUIPMENT MAINT .00 1,426.55 5,000.00 3,573.45 28.53 42-34-50-53990 PARKING MISC EXPENSES 84.00 908.65 18,000.00 17,091.35 5.05 42-34-50-54500 SUPPORT CONTRACTS 6,239.95 98,728.53 115,000.00 16,271.47 85.85 42-34-50-58500 PARKING LOT REV SHARE .00 .00 38,000.00 38,000.00 .00 42-34-50-58600 EQUIPMENT-BODY CAMERAS .00 13,733.20 14,000.00 266.80 98.09 42-34-50-58700 OUTLAY-PARKING .00 20,900.00 25,200.00 4,300.00 82.94 42-34-50-59400 TRANSFER TO CAPITAL PROJECTS .00 .00 15,000.00 15,000.00 .00 42-34-50-59500 TRANSFER TO GENERAL FUND .00 .00 2,767,318.00 2,767,318.00 .00 Total PARKING: 91,555.44 510,822.85 3,696,800.00 3,185,977.15 13.82 Page 152 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 23 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget Total PARKING: 431,996.78 2,333,716.76 7,468,600.00 5,134,883.24 31.25 PARKING FUND Revenue Total: 340,441.34 1,822,893.91 3,771,800.00 1,948,906.09 48.33 PARKING FUND Expenditure Total: 91,555.44 510,822.85 3,696,800.00 3,185,977.15 13.82 Net Total PARKING FUND: 248,885.90 1,312,071.06 75,000.00 1,237,071.06- 1,749.43 Page 153 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 24 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget CAPITAL PROJECTS FUND CAPITAL PROJECTS FUND CAPITAL PROJECTS FUND 43-00-00-43750 ARPA FUNDS-COUNTY .00 .00 .00 .00 .00 43-00-00-43790 STATE AIDS-LRIP GRANTS .00 .00 .00 .00 .00 43-00-00-48110 INTEREST EARNED 16,607.23 96,761.66 50,000.00 46,761.66- 193.52 43-00-00-48140 PORTFOLIO GAINS/LOSSES 1,027.06- 30,516.01- .00 30,516.01 .00 43-00-00-48500 TRAFFIC SIGNAL IMPROVEMENTS .00 140,000.00 .00 140,000.00- .00 43-00-00-49000 PROCEEDS FROM BORROWING .00 .00 .00 .00 .00 43-00-00-49050 PREMIUM ON DEBT ISSUANCE .00 .00 .00 .00 .00 43-00-00-49100 APPL. PRIOR YR APPROPRIATIONS .00 .00 4,568,457.00 4,568,457.00 .00 43-00-00-49500 TRANSFER FROM GENERAL FUND .00 .00 .00 .00 .00 43-00-00-49510 TRANSFER FROM LAKEFRONT FUND .00 .00 .00 .00 .00 43-00-00-49520 TRANSFER FROM PARKING FUND .00 .00 15,000.00 15,000.00 .00 43-00-00-49525 TRANSFER FROM TOURISM FUND .00 .00 .00 .00 .00 Total CAPITAL PROJECTS FUND: 15,580.17 206,245.65 4,633,457.00 4,427,211.35 4.45 CAPITAL PROJECTS FUND 43-00-00-52160 DEBT ISSUANCE COSTS .00 .00 .00 .00 .00 43-00-00-52175 PURCHASE OF HILLMOOR PROPERT .00 .00 .00 .00 .00 Total CAPITAL PROJECTS FUND: .00 .00 .00 .00 .00 Total CAPITAL PROJECTS FUND: 15,580.17 206,245.65 4,633,457.00 4,427,211.35 4.45 CITY HALL CAPITAL PROJECTS CITY HALL CAPITAL PROJECTS 43-16-10-17010 CITY HALL CAPITAL PROJECTS .00 37,429.28 58,000.00 20,570.72 64.53 Total CITY HALL CAPITAL PROJECTS: .00 37,429.28 58,000.00 20,570.72 64.53 Total CITY HALL CAPITAL PROJECTS: .00 37,429.28 58,000.00 20,570.72 64.53 PD CAPITAL PROJECTS PD CAPITAL PROJECTS 43-21-00-17010 PD CAPITAL PROJECTS 2,347.43 240,555.00 791,757.00 551,202.00 30.38 Total PD CAPITAL PROJECTS: 2,347.43 240,555.00 791,757.00 551,202.00 30.38 Total PD CAPITAL PROJECTS: 2,347.43 240,555.00 791,757.00 551,202.00 30.38 FIRE DEPT CAPITAL PROJECTS FIRE DEPT CAPITAL PROJECTS 43-22-00-17010 FD CAPITAL PROJECTS 76,317.15 120,719.27 179,000.00 58,280.73 67.44 Total FIRE DEPT CAPITAL PROJECTS: 76,317.15 120,719.27 179,000.00 58,280.73 67.44 Total FIRE DEPT CAPITAL PROJECTS: 76,317.15 120,719.27 179,000.00 58,280.73 67.44 STREET IMPROVEMENT PROGRAM STREET IMPROVEMENT PROGRAM 43-32-10-17010 STREET IMP PROGRAM 37,505.67 566,575.04 1,306,800.00 740,224.96 43.36 43-32-10-17020 DPW CAPITAL PROJECTS 8,939.30 234,962.76 412,900.00 177,937.24 56.91 Page 154 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 25 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget Total STREET IMPROVEMENT PROGRAM: 46,444.97 801,537.80 1,719,700.00 918,162.20 46.61 Total STREET IMPROVEMENT PROGRAM: 46,444.97 801,537.80 1,719,700.00 918,162.20 46.61 DEPARTMENT: 40 PROGRAM: 00 43-40-00-17010 RIVIERA RENOVATION PHASE 1 .00 .00 .00 .00 .00 43-40-00-17012 RIVIERA RENOVATION 1ST FLOOR .00 .00 .00 .00 .00 43-40-00-17014 RIVIERA RENOVATION 2ND FLOOR .00 .00 .00 .00 .00 43-40-00-17015 LAKEFRONT CAPITAL PROJECTS .00 .00 315,000.00 315,000.00 .00 Total PROGRAM: 00: .00 .00 315,000.00 315,000.00 .00 Total DEPARTMENT: 40: .00 .00 315,000.00 315,000.00 .00 DEPARTMENT: 48 PROGRAM: 00 43-48-00-17010 CEMETERY CAPITAL PROJECTS .00 27,196.82 352,500.00 325,303.18 7.72 Total PROGRAM: 00: .00 27,196.82 352,500.00 325,303.18 7.72 Total DEPARTMENT: 48: .00 27,196.82 352,500.00 325,303.18 7.72 DEPARTMENT: 51 PROGRAM: 00 43-51-00-17010 MUSEUM CAPITAL PROJECTS .00 8,111.41 180,000.00 171,888.59 4.51 Total PROGRAM: 00: .00 8,111.41 180,000.00 171,888.59 4.51 Total DEPARTMENT: 51: .00 8,111.41 180,000.00 171,888.59 4.51 PARKS CAPITAL PROJECTS PARKS CAPITAL PROJECTS 43-52-00-53000 PARKS AND REC CAPITAL PROJECTS 3,279.75 35,882.25 392,500.00 356,617.75 9.14 43-52-00-53100 TAP GRANT CAPITAL PROJECTS .00 .00 .00 .00 .00 Total PARKS CAPITAL PROJECTS: 3,279.75 35,882.25 392,500.00 356,617.75 9.14 Total PARKS CAPITAL PROJECTS: 3,279.75 35,882.25 392,500.00 356,617.75 9.14 DEPARTMENT: 99 PROGRAM: 00 43-99-00-17010 LIBRARY CAPITAL PROJECTS 2,734.49 494,020.71 645,000.00 150,979.29 76.59 Total PROGRAM: 00: 2,734.49 494,020.71 645,000.00 150,979.29 76.59 Total DEPARTMENT: 99: 2,734.49 494,020.71 645,000.00 150,979.29 76.59 CAPITAL PROJECTS FUND Revenue Total: 15,580.17 206,245.65 4,633,457.00 4,427,211.35 4.45 CAPITAL PROJECTS FUND Expenditure Total: 131,123.79 1,765,452.54 4,633,457.00 2,868,004.46 38.10 Net Total CAPITAL PROJECTS FUND: 115,543.62- 1,559,206.89- .00 1,559,206.89 .00 Page 155 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 26 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget IMPACT FEES FUND IMPACT FEES FUND IMPACT FEES FUND 45-00-00-44520 PARK IMPACT FEES 1,637.00 40,025.00 20,000.00 20,025.00- 200.13 45-00-00-44530 DPW IMPACT FEES 14,358.00 90,934.00 120,000.00 29,066.00 75.78 45-00-00-44550 LIBRARY IMPACT FEES 2,556.00 15,762.00 25,000.00 9,238.00 63.05 45-00-00-47300 PARK FUND DONATIONS .00 .00 .00 .00 .00 45-00-00-48110 INTEREST EARNED 2,621.01 15,255.11 20,000.00 4,744.89 76.28 Total IMPACT FEES FUND: 21,172.01 161,976.11 185,000.00 23,023.89 87.55 IMPACT FEES FUND 45-00-00-59610 PARK IMPACT EXPENDITURES .00 .00 .00 .00 .00 Total IMPACT FEES FUND: .00 .00 .00 .00 .00 Total IMPACT FEES FUND: 21,172.01 161,976.11 185,000.00 23,023.89 87.55 IMPACT FEES FUND Revenue Total: 21,172.01 161,976.11 185,000.00 23,023.89 87.55 IMPACT FEES FUND Expenditure Total: .00 .00 .00 .00 .00 Net Total IMPACT FEES FUND: 21,172.01 161,976.11 185,000.00 23,023.89 87.55 Page 156 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 27 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget TOURISM TOURISM TOURISM 47-00-00-41210 ROOM TAX 69,052.61 82,913.88 1,600,000.00 1,517,086.12 5.18 47-00-00-46100 TOURISM MISC REVENUE .00 .00 .00 .00 .00 47-00-00-48110 INTEREST INCOME 1,547.67 9,733.14 20,000.00 10,266.86 48.67 47-00-00-49100 APPL. PRIOR YR APPROPRIATIONS .00 .00 64,655.00 64,655.00 .00 47-00-00-49350 TRANSFER FROM GENERAL FUND .00 .00 .00 .00 .00 Total TOURISM: 70,600.28 92,647.02 1,684,655.00 1,592,007.98 5.50 TOURISM 47-00-00-57100 HOTEL/MOTEL ASSN-CHAM OF COM .00 50,311.73 800,000.00 749,688.27 6.29 47-00-00-57210 EVENTS COORDINATOR .00 .00 .00 .00 .00 47-00-00-57212 RIVIERA MARKETING COORDINATOR 5,833.34 40,833.38 70,000.00 29,166.62 58.33 Total TOURISM: 5,833.34 91,145.11 870,000.00 778,854.89 10.48 Total TOURISM: 76,433.62 183,792.13 2,554,655.00 2,370,862.87 7.19 DEPARTMENT: 70 PROGRAM: 00 47-70-00-57150 PROMOTIONAL GRANT 25,000.00 224,214.17 150,000.00 74,214.17- 149.48 47-70-00-57155 TOURISM MUNICIPAL DEVELOPMENT 6,050.24 81,913.90 422,000.00 340,086.10 19.41 47-70-00-59500 TRANSFER TO LAKEFRONT FUND .00 .00 .00 .00 .00 47-70-00-59600 TRANSFER TO DEBT SERVICE FUND .00 .00 242,655.00 242,655.00 .00 Total PROGRAM: 00: 31,050.24 306,128.07 814,655.00 508,526.93 37.58 Total DEPARTMENT: 70: 31,050.24 306,128.07 814,655.00 508,526.93 37.58 TOURISM Revenue Total: 70,600.28 92,647.02 1,684,655.00 1,592,007.98 5.50 TOURISM Expenditure Total: 36,883.58 397,273.18 1,684,655.00 1,287,381.82 23.58 Net Total TOURISM: 33,716.70 304,626.16- .00 304,626.16 .00 Page 157 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 28 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget CEMETERY FUND CEMETERY FUND CEMETERY FUND 48-00-00-41110 PROPERTY TAX LEVY .00 168,000.00 168,000.00 .00 100.00 48-00-00-46100 MISC REVENUE 250.00 5,125.00 3,500.00 1,625.00- 146.43 48-00-00-46540 SALE OF GRAVES/NICHES 2,730.00 12,590.00 20,000.00 7,410.00 62.95 48-00-00-46550 FOUNDATIONS/STAKE-OUTS 350.00 750.00 900.00 150.00 83.33 48-00-00-46560 BURIAL INTERMENTS 5,160.00 20,870.00 30,000.00 9,130.00 69.57 48-00-00-48110 INVESTMENT INCOME 580.13 2,655.43 8,500.00 5,844.57 31.24 48-00-00-49100 APPL OF PRIOR YEARS APPROP .00 .00 119,821.00 119,821.00 .00 48-00-00-49400 TRANSFER FROM PERPETUAL CARE 1,154.30 11,972.89 14,000.00 2,027.11 85.52 Total CEMETERY FUND: 10,224.43 221,963.32 364,721.00 142,757.68 60.86 CEMETERY FUND 48-00-00-51200 CEM WAGES 16,368.00 76,642.31 142,611.00 65,968.69 53.74 48-00-00-51250 CEM OVERTIME 858.21 2,529.13 4,100.00 1,570.87 61.69 48-00-00-51260 CEM SEASONAL LABOR 6,028.48 11,979.27 32,339.00 20,359.73 37.04 48-00-00-51270 CEM ADMIN ASSISTANT 3,716.39 16,903.20 31,618.00 14,714.80 53.46 48-00-00-51340 CEM LIFE INSURANCE EXP 44.05 313.92 550.00 236.08 57.08 48-00-00-51345 CEM HEALTH INSURANCE 3,893.87 26,735.82 46,726.00 19,990.18 57.22 48-00-00-51350 CEM DENTAL INSURANCE 229.39 1,574.35 2,753.00 1,178.65 57.19 48-00-00-51355 CEM VISION INSURANCE 11.54 79.24 139.00 59.76 57.01 48-00-00-51360 CEM RETIREMENT EXPENSE 1,507.85 7,018.11 10,268.00 3,249.89 68.35 48-00-00-51370 CEM DISABILITY EXP 37.72 264.04 500.00 235.96 52.81 48-00-00-51380 CEM UNIFORM ALLOWANCE .00 1,400.00 1,400.00 .00 100.00 48-00-00-51520 CEM FICA EXPENSE 2,012.02 8,150.08 16,116.00 7,965.92 50.57 48-00-00-52210 CEM TELEPHONE EXP 105.89 521.56 1,250.00 728.44 41.72 48-00-00-52220 CEM ELECTRICITY EXP 312.27 1,253.34 1,900.00 646.66 65.97 48-00-00-52240 CEM GAS HEAT EXP 63.39 886.09 2,800.00 1,913.91 31.65 48-00-00-52260 CEM WATER/SEWER EXP 4,340.00 5,063.33 3,500.00 1,563.33- 144.67 48-00-00-52400 CEM BUILDING REPAIRS .00 .00 15,000.00 15,000.00 .00 48-00-00-52500 CEM EQUIP MAINT/REPAIRS .00 443.15 3,300.00 2,856.85 13.43 48-00-00-53100 CEM OFFICE SUPPLIES .00 90.07 100.00 9.93 90.07 48-00-00-53120 CEM POSTAGE EXP .00 .00 .00 .00 .00 48-00-00-53130 CEM WORKERS COMP INS .00 .00 4,000.00 4,000.00 .00 48-00-00-53140 CEM LIABILITY/PROPERTY INS .00 .00 2,350.00 2,350.00 .00 48-00-00-53200 CEM MEMBERSHIP DUES .00 216.00 200.00 16.00- 108.00 48-00-00-53320 CEM CONFERENCE .00 .00 2,000.00 2,000.00 .00 48-00-00-53400 CEM OPERATING SUPPLIES 226.62 1,880.96 2,500.00 619.04 75.24 48-00-00-53410 CEM FUEL EXPENSE 610.22 2,638.39 4,500.00 1,861.61 58.63 48-00-00-53500 CEM BLDG MAINT SUPPLIES .00 .00 250.00 250.00 .00 48-00-00-53510 CEM VEHICLE MAINT/REPAIR .00 .00 3,750.00 3,750.00 .00 48-00-00-53600 CEM MAINT SERVICE EXP 73.00 432.59 1,200.00 767.41 36.05 48-00-00-53620 CEM GROUNDS/LANDSCAPING 174.50 2,687.30 10,000.00 7,312.70 26.87 48-00-00-53990 CEM MISC EXP .00 .00 1,000.00 1,000.00 .00 48-00-00-54200 CEM GRAVES/FOUNDATIONS .00 .00 15,000.00 15,000.00 .00 48-00-00-54300 CEM COLUMBARIUM EXPENSES .00 .00 2,000.00 2,000.00 .00 48-00-00-58100 CEM EQUIPMENT OUTLAY .00 3,750.00 4,000.00 250.00 93.75 Total CEMETERY FUND: 40,613.41 173,452.25 369,720.00 196,267.75 46.91 Total CEMETERY FUND: 50,837.84 395,415.57 734,441.00 339,025.43 53.84 CEMETERY FUND Revenue Total: 10,224.43 221,963.32 364,721.00 142,757.68 60.86 Page 158 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 29 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget CEMETERY FUND Expenditure Total: 40,613.41 173,452.25 369,720.00 196,267.75 46.91 Net Total CEMETERY FUND: 30,388.98- 48,511.07 4,999.00- 53,510.07- 970.42- Page 159 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 30 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget EQUIPMENT REPLACEMENT FUND EQUIPMENT REPLACEMENT FUND EQUIPMENT REPLACEMENT FUND 50-00-00-41110 PROPERTY TAX LEVY .00 600,000.00 600,000.00 .00 100.00 50-00-00-43520 GRANTS .00 .00 .00 .00 .00 50-00-00-48110 INTEREST EARNED 1,934.18 11,397.84 70,000.00 58,602.16 16.28 50-00-00-49100 APPL. PRIOR YR APPROPRIATIONS .00 .00 1,499,001.00 1,499,001.00 .00 50-00-00-49400 TRANSFER FROM GENERAL FUND .00 .00 .00 .00 .00 Total EQUIPMENT REPLACEMENT FUND: 1,934.18 611,397.84 2,169,001.00 1,557,603.16 28.19 EQUIPMENT REPLACEMENT FUND 50-00-00-58000 MISC/COMP EQUIP PURCHASES 2,623.28 170,677.88 303,000.00 132,322.12 56.33 Total EQUIPMENT REPLACEMENT FUND: 2,623.28 170,677.88 303,000.00 132,322.12 56.33 Total EQUIPMENT REPLACEMENT FUND: 4,557.46 782,075.72 2,472,001.00 1,689,925.28 31.64 POLICE DEPARTMENT POLICE DEPARTMENT 50-21-00-48300 SALE OF POLICE EQUIPMENT .00 .00 .00 .00 .00 Total POLICE DEPARTMENT: .00 .00 .00 .00 .00 POLICE DEPARTMENT 50-21-00-58000 POLICE EQUIPMENT PURCHASES 517.00 195,429.97 248,000.00 52,570.03 78.80 Total POLICE DEPARTMENT: 517.00 195,429.97 248,000.00 52,570.03 78.80 Total POLICE DEPARTMENT: 517.00 195,429.97 248,000.00 52,570.03 78.80 FIRE DEPARTMENT FIRE DEPARTMENT 50-22-00-48200 TOWN OF GENEVA CIP AGREEMENT .00 .00 .00 .00 .00 50-22-00-48300 SALE OF FIRE EQUIPMENT .00 2,500.00 .00 2,500.00- .00 Total FIRE DEPARTMENT: .00 2,500.00 .00 2,500.00- .00 FIRE DEPARTMENT 50-22-00-58000 FIRE EQUIPMENT PURCHASES 52,463.25 373,125.43 1,121,500.00 748,374.57 33.27 Total FIRE DEPARTMENT: 52,463.25 373,125.43 1,121,500.00 748,374.57 33.27 Total FIRE DEPARTMENT: 52,463.25 375,625.43 1,121,500.00 745,874.57 33.49 EMERGENCY MANAGEMENT EMERGENCY MANAGEMENT 50-29-00-58000 EMERG MGMT EQUIPMENT PURCHA .00 .00 .00 .00 .00 Total EMERGENCY MANAGEMENT: .00 .00 .00 .00 .00 Total EMERGENCY MANAGEMENT: .00 .00 .00 .00 .00 DPW Page 160 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 31 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget DPW 50-32-00-48300 SALE OF DPW EQUIPMENT .00 .00 .00 .00 .00 Total DPW: .00 .00 .00 .00 .00 DPW 50-32-00-58000 DPW EQUIPMENT PURCHASES .00 357,512.50 294,501.00 63,011.50- 121.40 Total DPW: .00 357,512.50 294,501.00 63,011.50- 121.40 Total DPW: .00 357,512.50 294,501.00 63,011.50- 121.40 DEPARTMENT: 42 PROGRAM: 00 50-42-00-58000 PARKING EQUIPMENT PURCHASES .00 .00 .00 .00 .00 Total PROGRAM: 00: .00 .00 .00 .00 .00 Total DEPARTMENT: 42: .00 .00 .00 .00 .00 CEMETERY CEMETERY 50-48-00-58000 CEMETERY EQUIPMENT REPLACEME 1,130.00 72,598.50 202,000.00 129,401.50 35.94 Total CEMETERY: 1,130.00 72,598.50 202,000.00 129,401.50 35.94 Total CEMETERY: 1,130.00 72,598.50 202,000.00 129,401.50 35.94 DEPARTMENT: 51 PROGRAM: 00 50-51-00-58000 MUSEUM EQUIPMENT REPLACEMEN .00 .00 .00 .00 .00 Total PROGRAM: 00: .00 .00 .00 .00 .00 Total DEPARTMENT: 51: .00 .00 .00 .00 .00 EQUIPMENT REPLACEMENT FUND Revenue Total: 1,934.18 613,897.84 2,169,001.00 1,555,103.16 28.30 EQUIPMENT REPLACEMENT FUND Expenditure Total: 56,733.53 1,169,344.28 2,169,001.00 999,656.72 53.91 Net Total EQUIPMENT REPLACEMENT FUND: 54,799.35- 555,446.44- .00 555,446.44 .00 Page 161 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 32 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget LIBRARY LIBRARY LIBRARY 99-00-00-41110 PROPERTY TAX LEVY .00 520,000.00 520,000.00 .00 100.00 99-00-00-45120 LIBRARY FINES AND FEES 110.20 950.33 2,400.00 1,449.67 39.60 99-00-00-45150 COPIES,PRINTS,FAXES 624.21 2,966.31 5,600.00 2,633.69 52.97 99-00-00-46210 LIBRARY MISC REVENUE .00 .00 .00 .00 .00 99-00-00-47310 KENOSHA COUNTY REVENUES .00 .00 14,101.00 14,101.00 .00 99-00-00-47320 RACINE COUNTY REVENUES .00 .00 5,774.00 5,774.00 .00 99-00-00-47330 WALWORTH COUNTY REVENUES .00 196,037.16 371,861.00 175,823.84 52.72 99-00-00-47340 WAUKESHA COUNTY REVENUES .00 .00 271.00 271.00 .00 99-00-00-47350 ROCK COUNTY (ARROWHEAD) REV .00 .00 82.00 82.00 .00 99-00-00-47360 JEFFERSON COUNTY REVENUES .00 70.34 70.00 .34- 100.49 99-00-00-48110 INTEREST EARNED .00 .00 .00 .00 .00 99-00-00-48190 DISCOUNTS EARNED .00 .00 .00 .00 .00 99-00-00-48920 DONATIONS .00 .00 .00 .00 .00 99-00-00-49100 APPL OF PR YR APPROPRIATIONS .00 .00 100,000.00 100,000.00 .00 99-00-00-49500 TRANSFER FROM GENERAL FUND .00 .00 282,443.00 282,443.00 .00 99-00-00-49550 TRF FROM LIBRARY DONATIONS .00 .00 25,000.00 25,000.00 .00 Total LIBRARY: 734.41 720,024.14 1,327,602.00 607,577.86 54.23 LIBRARY 99-00-00-51100 LIBRARY FT SALARIES 94,123.47 380,919.87 704,521.00 323,601.13 54.07 99-00-00-51200 LIBRARY PT WAGES 13,082.82- .00 .00 .00 .00 99-00-00-51340 LIBRARY LIFE INSURANCE 122.71 872.29 1,500.00 627.71 58.15 99-00-00-51345 LIBRARY HEALTH INSURANCE 14,044.37 98,310.59 181,587.00 83,276.41 54.14 99-00-00-51350 LIBRARY DENTAL INSURANCE 752.40 5,266.80 7,529.00 2,262.20 69.95 99-00-00-51355 LIBRARY VISION INSURANCE 25.95 181.65 554.00 372.35 32.79 99-00-00-51360 LIBRARY RETIREMENT 5,516.97 25,782.20 47,044.00 21,261.80 54.80 99-00-00-51370 LIBRARY DISABILITY PREMIUMS 121.81 852.67 1,975.00 1,122.33 43.17 99-00-00-51520 LIBRARY SOCIAL SECURITY 6,025.57 28,374.49 55,392.00 27,017.51 51.22 99-00-00-52110 GENERAL ADMIN EXPENSES 2,634.27- 3,635.47- 3,000.00 6,635.47 121.18- 99-00-00-52160 PROFESSIONAL SERVICES .00 .00 .00 .00 .00 99-00-00-52210 LIBRARY TELEPHONE EXP 847.42 3,240.23 4,200.00 959.77 77.15 99-00-00-52220 LIBRARY UTILITIES 1,361.38 11,190.70 22,000.00 10,809.30 50.87 99-00-00-52500 LIBRARY BLDG REPAIR 1,530.00 1,530.00 3,000.00 1,470.00 51.00 99-00-00-53100 LIBRARY OFFICE SUPPLIES 472.81 2,058.42 3,000.00 941.58 68.61 99-00-00-53120 LIBRARY POSTAGE 26.21 100.78 750.00 649.22 13.44 99-00-00-53130 WORKERS COMP INSURANCE .00 .00 1,750.00 1,750.00 .00 99-00-00-53140 LIABILITY & PROPERTY INSURANCE .00 .00 10,500.00 10,500.00 .00 99-00-00-53320 STAFF CONTINUING EDUCATION 292.49 1,945.28 3,000.00 1,054.72 64.84 99-00-00-53410 VEHICLE AND FUEL EXPENSES .00 67.96 2,000.00 1,932.04 3.40 99-00-00-53500 LIBRARY MAINT SUPPLIES 382.37 2,876.64 4,000.00 1,123.36 71.92 99-00-00-53600 LIBRARY BLDG MAINT SERVICES 784.00 23,508.95 55,000.00 31,491.05 42.74 99-00-00-53990 LIBRARY MISCELLANEOUS .00 .00 .00 .00 .00 99-00-00-54100 LIBRARY ADULT MATERIALS 7,649.83 58,677.71 82,000.00 23,322.29 71.56 99-00-00-54110 LIBRARY YOUTH MATERIALS 1,790.10 16,800.97 43,000.00 26,199.03 39.07 99-00-00-54120 LIBRARY MAGAZINES & NEWSPAPER .00 .00 .00 .00 .00 99-00-00-54140 LIBRARY NONPRINT MATERIALS .00 .00 .00 .00 .00 99-00-00-54150 LIBRARY PROGRAMS 313.87 8,241.15 15,000.00 6,758.85 54.94 99-00-00-54155 LIBRARY MARKETING 168.50 1,567.77 2,500.00 932.23 62.71 99-00-00-55000 COVID-19 EXPENDITURES .00 .00 .00 .00 .00 99-00-00-55100 LIBRARY SIRSI .00 .00 .00 .00 .00 99-00-00-55110 CIRCULATION SUPPLIES & SERVICE 41.20 1,052.10 3,000.00 1,947.90 35.07 Page 162 of 226 CITY OF LAKE GENEVA Finance Worksheet - Budget vs. Actual - FLR Review Page: 33 Period: 05/26 Jul 23, 2026 12:38PM 2026-26 2026-26 2026-26 2026 2026 Current Month Current year Current year Current Year Current Year Account Number Account Title Actual Actual Budget Variance % of Budget 99-00-00-55120 LIBRARY PROCESSING SUPPLIES 2,830.02 6,584.99 5,000.00 1,584.99- 131.70 99-00-00-55130 PRAIRIE LAKES LIBRARY SYSTEM .00 19,867.43 20,000.00 132.57 99.34 99-00-00-55140 LIBRARY COMPUTER HARDWARE 136.55 270.95 5,000.00 4,729.05 5.42 99-00-00-55150 LIBRARY COMPUTER SOFTWARE 502.78 4,454.72 7,500.00 3,045.28 59.40 99-00-00-55160 LIBRARY IT CONSULTING SERVICES .00 .00 .00 .00 .00 99-00-00-55170 LIBRARY OUTREACH 856.58 5,743.51 25,000.00 19,256.49 22.97 99-00-00-55320 LIBRARY EQUIP LEASES & MAINT 388.87 3,347.42 7,300.00 3,952.58 45.86 99-00-00-59000 LGIP EXPENDITURES .00 97,035.80 .00 97,035.80- .00 Total LIBRARY: 125,391.14 807,088.57 1,327,602.00 520,513.43 60.79 Total LIBRARY: 126,125.55 1,527,112.71 2,655,204.00 1,128,091.29 57.51 LIBRARY Revenue Total: 734.41 720,024.14 1,327,602.00 607,577.86 54.23 LIBRARY Expenditure Total: 125,391.14 807,088.57 1,327,602.00 520,513.43 60.79 Net Total LIBRARY: 124,656.73- 87,064.43- .00 87,064.43 .00 Net Grand Totals: 1,089,044.84- 4,439,356.56- 165,732.30 4,605,088.86 2,678.63- Page 163 of 226 July 13, 2026 Common Council Minutes 1 City Of Lake Geneva Common Council Minutes Monday, July 13, 2026 - 6:00 PM Lake Geneva City Hall; Council Chambers Call to Order by Mayor Krause at 6:00 pm. Pledge of Allegiance by Alder Yager. Roll Call Present: Todd Krause, Sherri Ames, JaNelle Powers, Mary Jo Fesenmaier, Linda Frame, Brian Smith (via zoom), Joel Hoiland, Cathy