5-12-26 Finance Committee – FULL PACKET

Please note that, upon reasonable notice at least 24 hours in advance, efforts will be made to accommodate the needs of disabled individuals through appropriate aids and services or provide a video link for meetings. For additional information, or to request this service, please contact the City Clerk's Office at 715-479-8682 ext. 224,525 E. Maple Street, P.O. Box 1269, Eagle River WI 54521. Date of posting 5/11/2026 AGENDA NOTICE THE FINANCE COMMITTEE OF THE CITY OF EAGLE RIVER WILL HOLD A MEETING ON TUESDAY, MAY 12, 2026, 5:15 P.M. AT CITY HALL, 525 E. MAPLE STREET IN EAGLE RIVER. 1) Call To Order. 2) Roll Call. 3) Approve Minutes of Previous Finance Committee Meeting 4) Treasurer confirmation that all bank accounts are reconciled. 5) Treasurer report of any and all late payments and penalties 6) Treasurer’s monthly update 7) April 2026 Financial Review. 8) Review & Approval of Accounts Payable 9) Adjourn. April 14, 2026 A meeting of the Finance Committee of the City of Eagle River was called to order at 5:15PM by Mayor Deb Brown. Roll Call: Dan Dumas, Kim Schaffer, and Washelesky. Jerry Burkett arrived at 5:23PM. Also in attendance: Robin Ginner, Cory Hoffmann and Becky Bolte. Motion by Dumas, 2nd by Schaffer to approve minutes of the March 10, 2026, meeting. Carried with Washelesky abstaining. Treasurer confirmation that all bank accounts are reconciled: Hoffmann reported that accounts are reconciled through March. Treasurer report of any and all late payments and penalties. None for March but Hoffmann reported receiving past due notice from Calloway for 2025 invoices that had not been presented to her for payment, but Calloway has removed penalties. Treasurers monthly update: None March 2026 Financial Review: Hoffmann provided City and Golf Course bank account balances, City of Eagle River and Golf Course budget reports as of 3-31-2026, and 2025 to 2026 budget comparisons through March were presented for both the City of Eagle River and the Eagle River Golf Course. 2026 Capital Improvement Loan and 2025 GO Promissory Note breakdowns of transactions were provided. Review and approval of Accounts Payable for City and Golf Course: March Check Registers were provided for both the City of Eagle River and Eagle River Golf Course along with supporting checks and invoices. Motion by Burkett, 2nd by Washelesky to recommend payment of presented City and Golf Course payables to City Council. Carried on a roll call vote, all. Motion by Burkett, 2nd by Schaffer to adjourn at 5:43PM. Carried, all. Becky Bolte - Clerk