Finance Committee Agenda Packet (PDF)

In compliance with the Americans with Disabilities Act, any person needing assistance to participate in this meeting, should contact the Office of the County Clerk at (920)746 2200. Notification 72 hours prior to a meeting will enable the County to make reasonable arrangements to ensure accessibility to that meeting. ______ AGENDA 1. Call Meeting to Order 2. Establish a Quorum ~ Roll Call 3. Adopt Agenda / Properly Noticed 4. Approve Minutes of the January 20, 2026 Finance Committee Meeting 5. Communications 6. Public Comment 7. Register of Deeds A. Strategic Initiative Grant – GIS Map/Recorded Documents 8. Finance Director Department Update ➢ Investment Report ➢ Comparison of Sales Tax Revenues ➢ Unassigned Fund Balance & Contingency Fund Status ➢ Health Insurance & Workers Comp 9. New Business (Review / Action) A. Resolution 2026-___Transfer of Non-Budgeted Funds for Schauer Road Project 10. Sustainability Matters to be Considered 11. Legislative Matters to be Considered 12. MattersTo Be Placed on A Future Agenda or Referred to A Committee, Official, Or Employee 13. Next Meeting Date • March 17, 2026 – 11:00 a.m. 14. Adjourn Deviation from order shown may occur Notice of Public Meeting Tuesday, February 17, 2026 11:00 a.m. FINANCE COMMITTEE Door County Government Center County Board/ Chambers Room (C101-102) - 1st floor 421 Nebraska Street, Sturgeon Bay, WI Oversight for Finance Department, Register of Deeds, and County Treasurer This meeting will be conducted by teleconference or video conference. Members of the public may join the meeting remotely or in-person. To attend the meeting via computer: Go To: https://us02web.zoom.us/j/85923703025? pwd=9KGODSJY0yeQlEKmaBMQYBWIU kLSjO.1 Meeting/Webinar ID: 859 2370 3025 Passcode: 553664 To Connect via phone: 1-312-626-6799 Page 1 of 15 Call Meeting to Order The Tuesday, January 20, 2026 Finance Committee was called to order by Chairman Jeff Miller at 11:03 a.m. at the Door County Government Center. Establish a Quorum ~ Roll Call Committee Members present: Jeff Miller, Hugh Zettel, Ken Fisher, Dale Vogel, and Morgan Rusnak. David Englebert, and Joel Gunnlaugsson were excused. Others in Attendance: Administrator Ken Pabich, Corporation Counsel Sean Donohue, Finance Director Steve Wipperfurth, Assistant Finance Director Brenda Hawkey, Register of Deeds Carey Petersilka, Real Property Lister Holly Hansen, and County Clerk Jill Lau. Virtual Attendance: Staff & Public. Adopt Agenda / Properly Noticed Motion by Vogel, seconded by Fisher to adopt the agenda. Motion carried by voice vote. Approve Minutes of the December 16, 2025 Finance Committee Meeting Motion by Fisher, seconded by Zettel to approve the minutes of the December 16, 2025 Finance Committee meeting. Motion carried by voice vote. Communications No communications were presented. Public Comment None. Register of Deeds Monument Maintenance Agreement Register of Deeds Carey Petersilka explained this is a 3-year agreement. Included in the contract is a ‘not to exceed’ dollar amount. The contract is with Stantec Consulting Services. Motion by Vogel, seconded by Fisher to approve the 3-year agreement with Stantec Consulting Services as presented. Motion carried by voice vote. Finance Director Department Update Investment Report Comparison of Sales Tax Revenues Unassigned Fund Balance & Contingency Fund Status Health Insurance & Workers Comp Finance Director Steve Wipperfurth provided an overview of the reports which were included in the meeting packet. Wipperfurth noted sales tax revenue is expected to meet budgeted revenue. Staff will continue to monitor sales tax trends to determine future revenue budgeting. Medical Benefits Fund is currently below recommended balance. County is expected to receive Stop Loss payments for 2025 which will increase the fund balance. Staff will continue to monitor. 2026 adjustments were made; future adjustments may be needed and could include a transfer from the Unassigned Fund Balance. MINUTES Tuesday, January 20, 2026 FINANCE COMMITTEE Door County Government Center County Board/ Chambers Room (C101-102) - 1st floor 421 Nebraska Street, Sturgeon Bay, WI Oversight for Finance Department, Register of Deeds, and County Treasurer “These minutes have not been reviewed by the oversight committee and are subject to approval at the next regular committee meeting.” Page 2 of 15 New Business (Review / Action) 980 Housing – ADA Development A memo from Facilities & Parks Director Wayne Spritka was included in the meeting packet for review. CC Donohue explained the County owns 980 homes at the Justice Center. Those homes house sexually violent offenders who are being released. The County has received notification from the State that a 980 offender will be released and ADA housing will be required for the tenant. The plan is to place a new manufactured home on an existing pad at the Justice Center. County Staff are working with manufactured home dealers to determine if ADA modifications can be made to a new manufactured home. Estimated costs are $160,000. Funding sources include the 980 Housing Fund and Special Projects account. Staff is taking into consideration the current tenants needs as well as future tenants of the home. If a manufactured home is unable to be ADA modified the County will need to look at other options including stick built or finding rental alternatives within the county. Time is of essence and Staff continues to actively work on obtaining or finding housing. Door County Fair Association Financial Records of the 12 Months Ended 10/31/2025 The report was included in the meeting packet for review. Brenda Hawkey prepared the information. It was noted this is a review not an audit. Finance Director Wipperfurth and Hawkey highlighted issues found. Finance staff does meet with Fair Board personnel annually following the financial review to review the issues identified and offer fixes and clean-ups to move forward. Sustainability Matters to be Considered No matters were presented. Legislative Matters to be Considered No matters were presented. MattersTo Be Placed on A Future Agenda or Referred to A Committee, Official, Or Employee Nothing as of this meeting. Next Meeting Date February 17, 2026 – 11:00 a.m. Adjourn Motion by Vogel, seconded by Fisher to adjourn. Motion carried. Time: 11:40 a.m. Respectfully submitted by Jill M. Lau, County Clerk Page 3 of 15 Monthly Summary County of Door 1/31/2026 Account Overview Asset Class Allocation Municipal Bond Treasury Bond Money Market-Taxable Agency Bond CD Corporate Bond Cash or Equivalent Accounts Overview Account Market Value Allocation County of Door - General Fund $59,070,232.32 78.71 % County of Door - LGIP General $11,515,249.52 15.34 % County of Door - Associated Bank ICS $3,440,877.73 4.58 % County of Door - ADM $528,202.74 0.70 % County of Door - Ampersand $498,000.00 0.66 % Table Total $75,052,562.31 100.00 % Asset Class Allocation Asset Class Market Value Allocation Municipal Bond $23,277,961.44 31.02 % Treasury Bond $19,536,354.20 26.03 % Money Market-Taxable $18,566,029.02 24.74 % Agency Bond $6,805,799.30 9.07 % CD $5,858,516.91 7.81 % Corporate Bond $983,692.23 1.31 % Cash or Equivalent $24,209.21 0.03 % Table Total $75,052,562.31 100.00 % 1 Page 4 of 15 Maturity Year Maturity Y ear Number of Securities Maturity Amount Allocation 2026 29 10,403,000.00 18.81 % 2027 28 7 ,312,000.00 13.24 % 2028 17 6,782,000.00 12.31 % 2029 14 7 ,302,000.00 13.26 % 2030 8 2,469,000.00 4.35 % 2031 4 5,050,000.00 9.11 % 2032 4 4,800,000.00 8.28 % 2033 3 1,500,000.00 2.75 % 2035 1 2,000,000.00 3.61 % 2038 1 2,000,000.00 3.62 % 2039 1 2,000,000.00 3.60 % 2040 1 2,000,000.00 3.47 % 2045 1 2,000,000.00 3.58 % T otal: 55,618,000.00 100.00 % 2 Page 5 of 15 Month Received 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (Sales for Month of) March 172,535$ 161,230$ 161,906$ 155,129$ 162,310$ 182,416$ 171,130$ 195,203$ 211,766$ 198,944$ 211,337$ 229,777$ 255,225$ 330,284$ 324,076$ 315,756$ 365,162$ (Jan) April 141,624$ 164,071$ 155,243$ 124,272$ 154,690$ 169,317$ 218,027$ 287,266$ 185,464$ 178,122$ 193,950$ 209,211$ 331,566$ 318,898$ 304,165$ 288,256$ 321,149$ (Feb) May 174,329$ 138,257$ 140,806$ 209,173$ 203,393$ 205,490$ 217,611$ 185,645$ 231,900$ 254,044$ 253,811$ 222,043$ 351,618$ 346,259$ 382,185$ 459,901$ 481,852$ (March) June 195,264$ 215,690$ 213,900$ 216,350$ 180,364$ 187,608$ 236,927$ 304,099$ 281,925$ 284,725$ 266,349$ 239,267$ 449,426$ 467,142$ 478,444$ 437,399$ 428,388$ (April) July 292,858$ 278,796$ 304,873$ 253,695$ 317,710$ 338,410$ 370,861$ 358,121$ 354,873$ 392,287$ 444,423$ 413,655$ 597,300$ 575,496$ 564,858$ 585,353$ 743,265$ (May) Aug 278,877$ 281,811$ 343,137$ 422,498$ 426,927$ 457,286$ 412,462$ 438,177$ 506,672$ 612,799$ 570,278$ 513,189$ 602,055$ 733,661$ 802,127$ 804,469$ 818,292$ (June) Sept 392,082$ 438,668$ 400,437$ 392,873$ 369,808$ 352,942$ 467,420$ 492,873$ 489,378$ 437,497$ 438,280$ 571,420$ 743,151$ 746,325$ 774,003$ 729,027$ 805,079$ (July) Oct 369,776$ 353,927$ 310,984$ 364,323$ 389,095$ 444,035$ 457,574$ 449,303$ 433,956$ 489,571$ 561,281$ 560,971$ 600,343$ 622,096$ 661,866$ 794,962$ 859,136$ (Aug) Nov 276,142$ 247,201$ 329,297$ 350,025$ 350,974$ 323,406$ 345,890$ 418,609$ 490,129$ 484,654$ 477,028$ 445,384$ 551,975$ 666,578$ 703,686$ 677,852$ 576,662$ (Sept) Dec 240,769$ 245,800$ 245,873$ 208,385$ 218,690$ 266,275$ 343,500$ 318,205$ 297,835$ 290,493$ 302,207$ 399,233$ 474,545$ 511,693$ 485,087$ 483,835$ 545,906$ (Oct) Jan 197,464$ 172,867$ 150,070$ 190,692$ 222,760$ 234,126$ 262,179$ 211,998$ 197,823$ 273,070$ 298,987$ 335,455$ 345,361$ 316,513$ 288,955$ 485,858$ 432,587$ (Nov) Feb 144,826$ 212,513$ 234,896$ 192,825$ 200,069$ 182,565$ 204,410$ 266,561$ 294,339$ 290,852$ 330,913$ 341,315$ 379,656$ 491,915$ 545,928$ 394,632$ (Dec) Annual 25,294$ 25,293$ -$ -$ -$ -$ -$ -$ -$ Total 2,901,840$ 2,936,124$ 2,991,422$ 3,080,240$ 3,196,790$ 3,343,876$ 3,707,991$ 3,926,060$ 3,976,060$ 4,187,058$ 4,348,844$ 4,480,920$ 5,682,221$ 6,126,860$ 6,315,380$ 6,457,300$ 6,377,478$ 314,810$ % to Budget 96.73% 97.87% 103.87% 104.41% 103.74% 106.30% 114.44% 116.50% 115.25% 111.65% 115.97% 119.49% 151.53% 153.17% 128.89% 104.15% 102.86% Year-to-Date Budgeted 3,000,000$ 3,000,000$ 2,880,000$ 2,950,000$ 3,081,590$ 3,145,590$ 3,240,000$ 3,370,000$ 3,450,000$ 3,750,000$ 3,750,000$ 3,750,000$ 3,750,000$ 4,000,000$ 4,900,000$ 6,200,000$ 6,200,000$ 2024 vs 2025 Subsequent Levy Offset -$ -$ 111,422$ 130,240$ 115,200$ 198,286$ 467,991$ 556,060$ 526,060$ 437,058$ 598,844$ 730,920$ 1,932,221$ 2,126,860$ 1,415,380$ 257,300$ 177,478$ (53,271)$ Average % to Date for this time period should be 91.67% DOOR COUNTY WISCONSIN 0.5% Sales Tax Rebate Collection History For, January, 2009 thru November, 2025 Ahead (behind) same month in prior year 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 $2,901,840 $2,936,124 $2,991,422 $3,080,240 $3,196,790 $3,343,876 $3,707,991 $3,926,060 $3,976,060 $4,187,058 $4,348,844 $4,480,920 $5,682,221 $6,126,860 $6,315,380 $6,457,300 $6,377,478 2/11/202610:28 AMM:\Sales Tax -- Receipts and Payments\NEW Half Percent Sales Tax Rebate Collection Report by Sales YearNEW Half Percent Sales Tax Rebate Collection Report by Sales Year STW Page 6 of 15 The following information on the General Fund is being provided to the Door County Board of Supervisors pursuant to Rule 19: Audited Unassigned Fund Balance--General Fund as of 12/31/2024 33,441,650.48$ 2025 Approved Changes to Unassigned Fund Balance: 2025 CIP Project - Rural Addressing (201,120.00) Millers Art Foundation - Building Occupancy Agreement (500,000.00) Land Use Services Special Project (650,000.00) (1,351,120.00) Projected 2025 Unassigned Fund Balance 32,090,530.48$ Unaudited Steve Wipperfurth, Finance Director As of 12/31/2022 As of 12/31/2023 As of 12/31/2024 As of 12/31/2025 Unassigned Fund Balance 26,571,920.84$ 27,383,135.48$ 33,441,650.48$ 32,090,530.48$ Unassigned Fund Balance is designed to serve as a measure of the fund's financial resources available for appropriation and has a direct impact on bond ratings and borrowing power of the county. Current Unassigned Fund Balance 32,090,530.48$ General Fund Budgeted Expenditures - 2025 43,964,392.00$ All Other Budgeted Funds Requiring Tax Levy - 2025 43,528,325.00$ The County's current unassigned fund balance of 32,090,530.48$ represents approximately 36.67794% of its governmental funds budgeted expenditures. This level of funding is above the the 12%-15% reserve funding levels set forth in Resolution 72-03 adopted August 26, 2003. From the policy: 12% is the base per County Board Policy at which point the County would never want to let the unassigned fund balance reserved for working capital go below. Note: The amount above (below) the upper limit of 15% which, if above, could be a consideration for unforeseen expenditures 18,966,622.93$ 15% Upper Limit would equate to an unassigned fund balance of 13,123,907.55$ 12% Lower Limit would equate to an unassigned fund balance of 10,499,126.04$ DOOR COUNTY UNASSIGNED FUND BALANCE (located within the General Fund) As of December 31, 2025 Page 7 of 15 The following information on the General Fund is being provided to the Door County Board of Supervisors pursuant to Rule 19: Unaudited Unassigned Fund Balance--General Fund as of 12/31/2025 32,090,530.48$ 2026 Approved Changes to Unassigned Fund Balance: CIP Project - Tower/Communication Project (13,000,000.00) Transfer to Building Equipment Replacement Fund for JC Roof Project in 2030 (2,600,000.00) (15,600,000.00) Projected 2026 Unassigned Fund Balance 16,490,530.48$ Unaudited Steve Wipperfurth, Finance Director As of 12/31/2022 As of 12/31/2023 As of 12/31/2024 As of 1/31/2026 Unassigned Fund Balance 26,571,920.84$ 27,383,135.48$ 33,441,650.48$ 16,490,530.48$ Unassigned Fund Balance is designed to serve as a measure of the fund's financial resources available for appropriation and has a direct impact on bond ratings and borrowing power of the county. Current Unassigned Fund Balance 16,490,530.48$ General Fund Budgeted Expenditures - 2026 59,074,587.00$ All Other Budgeted Funds Requiring Tax Levy - 2026 28,475,111.00$ The County's current unassigned fund balance of 16,490,530.48$ represents approximately 18.83562% of its governmental funds budgeted expenditures. This level of funding is above the the 12%-15% reserve funding levels set forth in Resolution 72-03 adopted August 26, 2003. From the policy: 12% is the base per County Board Policy at which point the County would never want to let the unassigned fund balance reserved for working capital go below. Note: The amount above (below) the upper limit of 15% which, if above, could be a consideration for unforeseen expenditures 3,358,075.78$ 15% Upper Limit would equate to an unassigned fund balance of 13,132,454.70$ 12% Lower Limit would equate to an unassigned fund balance of 10,505,963.76$ DOOR COUNTY UNASSIGNED FUND BALANCE (located within the General Fund) As of January 31, 2026 Page 8 of 15 General Contingency #100.06.1161.59103 2025 Contingency Balance Carryforward (Estimated) Unaudited 398,337.68$ 2026 Budget for Contingency Expense 100,000.00$ Total General Contingency Available for 2026 498,337.68$ NOTE: The 2025 Contingency Balance Carryforward (Estimated)" shown above does not include the close out of final expenses for 2025 to the General Contingency Balance; this should be completed in May, 2026. Uses - 2026 Subtotal -$ Available Balance--General Contingency Expense Unaudited 498,337.68$ Payroll Contingency Payroll Reserve - #100.32106 Unaudited 4,871,597.28$ 2026 Budget for Payroll Contingency - #100.06.1161.59101 1,329,795.00$ Total Payroll Contingency Available for 2026 6,201,392.28$ Uses - 2026 Estimated Cost for 2026 of Compensation Plan and Increases for General Municipal Employees (519,370.00)$ Subtotal (519,370.00)$ Available Balance--Payroll Contingency Expense/Payroll Reserve Unaudited 5,682,022.28$ Door County Contingency Accounts January 31, 2026 Page 9 of 15 2024 Ending Balance Audited 5,426,118.29$ 2025 Revenues: Retired Employees Medical 83,494.75$ County Share Medical 7,152,887.51$ Employee Share Medical 872,379.62$ County Share Dental 328,773.68$ Pro-rated Employee Dental (part-time) 2,185.44$ Miscellaneous -$ Sub-Total All Contributions 8,439,721.00$ Insurance Reimbursements 362,792.70$ Total Revenues to Date 8,802,513.70$ 2025 Expenditures: Claims Paid Medical 7,089,320.01$ Claims Paid Dental 390,254.74$ Prescription/Drug Claims 106.96$ Total Claims 7,479,681.71$ Specific Premium (Stop Loss Insurance) 1,636,143.91$ Administrative and Miscellaneous Fees 144,786.43$ Wellness Program 14,626.70$ Transfers to Other Funds -$ Total Expenditures to Date 9,275,238.75$ 2025 Net Gain/(Loss) to Date (472,725.05)$ Current Fund Balance to Date Unaudited 4,953,393.24$ Notes: 2024 -- Same Time Period Net Gain or (Loss) (357,987.67)$ Difference between same time period-- current year verses prior year (114,737.38)$ Target Reserve to be maintained--based on consultant's recommendations 7/22/2024 5,200,000.00$ Door County Medical Benefits Fund For Period thru December 31, 2025 As of 01/13/2026 Page 10 of 15 2025 Ending Balance Unaudited 4,953,393.24$ 2026 Revenues: Retired Employees Medical 9,185.24$ County Share Medical 584,417.88$ Employee Share Medical 69,935.02$ County Share Dental 26,967.24$ Pro-rated Employee Dental (part-time) 214.08$ Miscellaneous -$ Sub-Total All Contributions 690,719.46$ Insurance Reimbursements -$ Total Revenues to Date 690,719.46$ 2026 Expenditures: Claims Paid Medical 431,282.51$ Claims Paid Dental 29,965.61$ Prescription/Drug Claims -$ Total Claims 461,248.12$ Specific Premium (Stop Loss Insurance) 38,296.60$ Administrative and Miscellaneous Fees 27,363.70$ Wellness Program -$ Transfers to Other Funds -$ Total Expenditures to Date 526,908.42$ 2026 Net Gain/(Loss) to Date 163,811.04$ Current Fund Balance to Date Unaudited 5,117,204.28$ Notes: 2025 -- Same Time Period Net Gain or (Loss) 4,542.29$ Difference between same time period-- current year verses prior year 159,268.75$ Target Reserve to be maintained--based on consultant's recommendations 7/22/2024 5,200,000.00$ Door County Medical Benefits Fund For Period thru January 31, 2026 As of 02/11/2026 Page 11 of 15 2025 Ending Fund Balance Unaudited 1,326,658.42$ 37,475.60$ -$ 37,475.60$ (433,590.00)$ -$ (433,590.00)$ (396,114.40)$ Unaudited 930,544.02$ Notes: The Workers' Compensation Modification Rate of 1.0 represents the industry average. A lower rate indicates better safety performance, while a higher rate indicates more frequent or costly claims. The Modification Rates from prior 10 years are shown below: 2016 - 0.76 2021 - 0.75 2017 - 0.78 2022 - 0.77 2018 - 0.77 2023 - 0.77 2019 - 0.80 2024 - 0.81 2020 - 0.68 2025 - 0.83 Expenditures Transfers Out Total 2026 Expenditures and Transfers Out to Date 2026 Net Gain/(Loss) to Date Current Fund Balance, to Date Door County Workers' Compensation Fund For Period thru January 31, 2026 As of 2/11/26 Revenues Insurance Reimbursements/Dividends Total 2026 Revenues to Date Page 12 of 15 ROLL CALL Board Members Aye Nay Exc. Dist. 1 D. Englebert Dist. 2 T. Thayse Dist. 3 vacant Dist. 4 N. Robillard Dist. 5 J. Miller Dist. 6 K. Fisher Dist. 7 C. Morkin Dist. 8 C. Jeanquart Dist. 9 R. Shaw Dist. 10 P. Rockwell Dist. 11 M. Rusnak Dist. 12 N. Norton Dist. 13 D. Vogel Dist. 14 H. Zettel Dist. 15 E. Gauger Dist. 16 D. Enigl Dist. 17 B. Bultman Dist. 18 V. Hancock Dist. 19 vacant Dist. 20 W. Kalms Dist. 21 J. Gunnlaugsson BOARD ACTION Vote Required: Two Thirds of Members Elect Motion to Approve Adopted 1st Defeated 2nd Yes: No: Exc: Reviewed by: , Corp. Counsel Reviewed by: , Administrator FISCAL IMPACT: The fiscal impact is a decrease of $40,000 to the CIP Highway Reserve which leaves a balance in this line item of $1,001,701.84. STW Certification: I, Jill M. Lau, Clerk of Door County, hereby certify that the above is a true and correct copy of a resolution that was adopted on the 24th day of February , 2025 by the Door County Board of Supervisors. Jill M. Lau County Clerk, Door County Resolution No. 2026-___ SCHAUER ROAD REDESIGN AND RECONSTRUCTION PROJECT TRANSFER OF NON-BUDGETED FUNDS TO THE DOOR COUNTY BOARD OF SUPERVISORS: WHEREAS, In accordance with Section 65.90(5)(a r) Wisconsin Statutes and 1 Rules of Order #19 the amounts of the various appropriations and the purposes for 2 such appropriations stated in a budget may not be changed unless authorized by a 3 vote of two-thirds of the entire membership of the County Board of Supervisors; and 4 5 WHEREAS, On December 16, 2026, the Door County Board of Supervisors 6 approved an Intergovernmental Agreement with the Towns of Jacksonport and 7 Sevastopol pertaining to the redesign and reconstruction of Schauer Road (“Project”); 8 and 9 10 WHEREAS, The Intergovernmental Agreement required monetary contributions 11 toward the Project from each party as follows: 12 • Town of Jacksonport: $18,000 13 • Town of Sevastopol: $50,000 14 • County of Door: $25,000, 15 with the remainder of the Project to be grant funded; and 16 17 WHEREAS, Grant funding is insufficient to complete the Project; and 18 19 WHEREAS, The Towns of Jacksonport and Sevastopol have informally agreed 20 to increase their total monetary contribution to the following amounts: 21 • Town of Jacksonport: $53,000 22 • Town of Sevastopol: $70,000; and 23 24 WHEREAS, the County of Door must increase its total monetary contribution from 25 $25,000 to $90,000 in order to provide the estimated funding necessary to complete 26 the Project; and 27 28 WHEREAS, The Administrative Committee has reviewed and recommends 29 approval of the Amendment to the Intergovernmental Agreement (attached as 30 Addendum A), providing for the additional funding; and 31 32 WHEREAS, The County of Door budgeted $50,000 for the Project, requiring an 33 additional appropriation of $40,000 to meet the funding needs; and 34 35 WHEREAS, The Finance Committee recommends that $40,000 be transferred 36 from the CIP Highway Reserve Account #401.32137 to the Capital Outlay Expense 37 County Roads and Bridges Account #401.51.7190.71101.205 to fund the increased 38 contribution to the Project. 39 40 NOW, THEREFORE, BE IT RESOLVED, That the Door County Board of 41 Supervisors does hereby approve the transfer of $ 40,000 from the CIP Highway 42 Reserve Account #401.32137 to the Capital Outlay Expense County Roads and 43 Bridges Account #401.51.7190.71101.205 to fund the increased contribution to the 44 Project. 45 46 BE IT FURTHER RESOLVED, That the Door County Board of Supervisors does 47 hereby approve the Amendment to the Intergovernmental Agreement attached hereto 48 as Addendum A. 49 SUBMITTED BY: FINANCE COMMITTEE Jeff Miller, Chairperson Joel Gunnlaugsson David Englebert Dale Vogel Ken Fisher Hugh Zettel Morgan Rusnak Page 13 of 15 AMENDMENT TO INTERGOVERNMENTAL AGREEMENT REGARDING THE SCHAUER ROAD REDESIGN AND RECONSTRUCTION PROJECT This Amendment ("Amendment") is made and entered into by and between the County of Door, the Town of Sevastopol, and the Town of Jacksonport (individually a "Party" and collectively the "Parties"). RECITALS WHEREAS, the Parties entered into an Intergovernmental Agreement last signed on _______________ ("Agreement") regarding the redesign and reconstruction of Schauer Road; and WHEREAS, the Agreement set forth the contributions of each Party toward the cost of the project; and WHEREAS, the Parties have determined that increased contributions are necessary to make up the difference between grant funding obtained and the total cost of the project; and WHEREAS, the Parties desire to amend the Agreement to reflect the increased contributions. AMENDMENT 1. Section 2(b) of the Agreement (Town of Sevastopol) is hereby amended to read as follows: • To contribute Seventy Thousand Dollars ($70,000) toward the cost of the project. 2. Section 3(b) of the Agreement (Town of Jacksonport) is hereby amended to read as follows: • To contribute Fifty-Three Thousand Dollars ($53,000) toward the cost of the project. 3. Section 4(c) of the Agreement (County of Door) is hereby amended to read as follows: • To contribute Ninety Thousand Dollars ($90,000) toward the cost of the project. 4. Except as expressly amended herein, all other terms and conditions of the Agreement remain in full force and effect. [This Space Left Intentionally Blank] AUTHORIZATION Page 14 of 15 Each Party represents that it has duly approved this Amendment and is authorized to execute it. IN WITNESS WHEREOF, the Parties have executed this Amendment as of the dates set forth below. County of Door By: ________________________________ Name: Title: Date: Town of Sevastopol By: ________________________________ Name: Title: Date: Town of Jacksonport By: ________________________________ Name: Title: Date: Page 15 of 15