UPDATED – 2026 FINAL BUDGET PRESENTATION 11.18.2025

2 0 2 6 B U D G E T P A C K E T 1 1 / 1 8 / 2 0 2 5 C I T Y O F W A U P A C A 5 2 8 3 0 E x e c u t i v e S u m m a r y T a x I n f o r m a t i o n G e n e r a l O b l i g a t i o n D e b t U t i l i t i e s T a x I n c r e m e n t a l D i s t r i c t s 3 4 C o n t e n t s 1 4 9 G e n e r a l F u n d S u m m a r y O t h e r F u n d s 1 9 C a p i t a l I m p r o v e m e n t P l a n s 4 0 4 R e s o l u t i o n N o t i c e o f P u b l i c H e a r i n g 3 CITY OF WAUPACA NOTICE OF PUBLIC HEARING 2026 ANNUAL PROPERTY TAX LEVY AND BUDGET PLEASE TAKE NOTICE that a public hearing is being held before the Common Council of the City of Waupaca on Tuesday, November 18, 2025, at 6:00 p.m. or as soon thereafter as the matter can be heard in Council Chambers of the City Hall of the City of Waupaca, 111 S Main St, Waupaca, Wisconsin. The purpose of the public hearing is to solicit public comment on the City’s 2026 Annual Property Tax Levy and Budget. A copy of the proposed 2026 Annual Budget is available for public inspection in the office of the City Clerk in the City Hall during normal business hours. . PLEASE TAKE FURTHER NOTICE that at such time and place, any interested party may appear in person, by attorney or agent, and be heard on these matters. A summary of the proposed budget and tax levy is listed below. The City may elect to change the proposed budget and tax levy prior to the public hearing. The schedules below summarize the 2026 budget as it is proposed. 2025 2026 DOLLAR % CHANGE APPROVED GENERAL FUND BUDGET BUDGET CHANGE 2025-2026 REVENUES TAXES $4,195,475 $4,257,084 61,609 1 . 4 7 % INTERGOVERNMENTAL REVENUES 2,192,929 2,359,821 166,893 7 . 6 1 % LICENSES & PERMITS 382,935 374,835 (8,100) - 2 . 1 2 % FINES & FORFEITURES 67,600 67,600 – 0 . 0 0 % PUBLIC CHARGES FOR SERVICES 515,373 573,350 57,977 11 . 2 5 % TRANSFERS IN 510,000 573,000 63,000 1 2 . 3 5 % INTEREST 710,000 587,976 (122,024) -17.18% OTHER SOURCES 577,500 587,976 10,476 1 . 8 1 % TOTAL REVENUES 8,161,812 8,675,659 518,878 6 . 3 6 % EXPENDITURES General Government $1,309,025 1,506,509 197,484 1 5 . 0 9 % Public Safety 2,533,003 2,654,715 121,712 4 . 8 1 % Public Works 1,108,328 1,164,897 56,569 5 . 1 0 % Health and Social Services 214,295 219,867 5,572 2 . 6 0 % Park & Recreation 737,705 794,331 56,626 7 . 6 7 % Other Financing Uses 2,254,903 2,302,006 47,103 2 . 0 9 % TOTAL EXPENDITURES 8,161,812 8,675,659 518,878 6 . 3 6 % REVENUES LESS EXPENDITURES $ – $ – BEGINNING FUND BALANCE $3,091,084 ENDING FUND BALANCE $3,091,084 2025 2026 DOLLAR % CHANGE OTHER FUNDS BUDGET BUDGET CHANGE 2025-2026 REVENUES Special Revenue Funds Hotel/Motel 275,500 275,500 - 0 . 0 0 % Airport 327,000 375,150 48,150 1 4 . 7 2 % Transit 598,524 - (598,524) (100.00%) Refuse/Recycling 325,000 335,750 10,750 3 . 3 1 % Library 877,782 889,577 11,795 1 . 3 4 % Adult Recreation Programs 29,875 29,875 - 0 . 0 0 % Youth Programs 348,410 360,648 12,238 3 . 5 1 % Inland Lakes 10,000 10,000 - 0 . 0 0 % Debt Service 1,691,209 1,720,805 29,596 1 . 7 5 % Capital Project Fund 1,558,900 573,000 (985,900) (63.24%) TIF Districts #4 - #12 3,012,303 3,009,258 (3,045) (0.10%) TOTAL REVENUES $9,054,503 $ 7,579,563 $ (1,474,940) (16.29%) EXPENDITURES Special Revenue Funds Hotel/Motel 275,500 275,500 - 0 . 0 0 % Airport 327,450 364,950 37,500 11 . 4 5 % Transit 623,300 10,000 (613,300) (98.40%) Refuse/Recycling 325,000 333,767 8,767 2 . 7 0 % Library 917,481 892,149 (25,332) (2.76%) Adult Recreation Programs 21,677 29,351 7,674 3 5 . 4 0 % Youth Programs 348,410 360,648 12,238 3 . 5 1 % Inland Lakes 10,000 10,000 - 0 . 0 0 % Debt Service 1,732,847 1,792,975 60,128 3 . 4 7 % Capital Project Fund 1,558,900 573,000 (985,900) (63.24%) TIF Districts #4 - #12 3,307,759 2,967,000 (340,759) (10.30%) TOTAL EXPENDITURES $9,448,324 $ 7,609,340 $ (1,838,984) (19.46%) Dollar Amt Percent Taxing Fund 2025 2026 Inc / (Dec) Change General $1,871,059 $1,885,365 $14,306 0 . 7 6 % Library $373,035 $388,706 $15,671 4 . 2 0 % Transit $10,000 $10,000 $- 0 . 0 0 % Airport $50,000 $50,000 $- 0 . 0 0 % Youth Program $130,659 $132,695 $2,036 1 . 5 6 % Debt Service $1,691,209 $1,720,805 $29,596 1 . 7 5 % Total Tax Levy $4,125,962 $4,187,571 $61,609 1.49% Significant Changes: The 2025 budget imposes an increase ($61,609) in the tax levy from 2025 to 2026 which is in compliance with the State’s levy limit. There is a minor increase (1.75%) in the Debt Service Levy to ensure alignment with the City’s long-term financial plan and to maintain growth consistent with natural revenue trends. Several personnel changes will take effect in 2026. These include converting the Deputy Clerk position from part-time to full-time and adding a Building Inspector and an Intern within the Community and Economic Development Department. The 2026 budget continues to support the current level of services and operations provided in 2025, with the exception of a modest increase in contributions to the Library Fund and Youth Program to assist with ongoing operational expenses. An increase in Intergovernmental Revenues (State Aids) and other revenue sources allowed for a tiered wage increase for City Employees. This will be applied with a 2% increase in January and a 2% increase in July, while other employee benefit costs remain the same or with a slight change with the exception of costs associated with health insurance which have risen again by 9%. Stephanie Reif, Finance Director/Treasurer Published: October 30, 2025 WNAXLP 492054 CITY OF WAUPACA WAUPACA COUNTY, WISCONSIN RESOLUTION N0. 1584 -A RESOLUTI N DESIGNATING APPROPRIATIONS AND LEVYING A TAX FOR THE 2026 BUDGET OF THE CITY OF WAUPACA WHEREAS, tlie City Council annually adopts tl'ie City's budget for municipal operations for the next fiscal year (January 1 to December 31) in accordance witl'i Section 3.03 of tlie Municipal Code; and WHEREAS, the City properly adveitised and tl'ie City Council conducted a public hearing to consider tlie Proposed 2026 Budget (January l to December 31, 2026) on November 18, 2025; NOW, THEREFORE, BE IT RESOLVED by tlie City of Waupaca, Wisconsin City Council as follows: I. The City liereby adopts the City's 2026 City Budget commencing on January 1, 2026 and ending December 31, 2026 containing tlie following revenues axid expenditures below. A copy of the complete detail of tlie Adopted 2026 City Budget sl'iall be on file in tlie City Hall. BE IT F{JRTHER RESOLVED, tlie City Council shall adopt a Resohition setting tlie amount of municipal taxes to be levied and assessed on taxable property in the City for the current year; and WHEREAS, in support of tlie City's Adopted 2026 Budget, tlie amount of City tax revenue required is as follows: 2026 Tax Levy General S 1,854,365 Library S 388,706 Transit S :io,ooo Airport S 50,000 Youth Program S 132,695 Debt Service S 1,720,805 Total Tax Levy $ 4,156,571 NOW, THEREFORE, BE IT RESOLVED by the City of Waupaca, Wisconsin City Council as follows: I. The City Council hereby sets the City's tax levy for municipal operations, as identified liereiii, to be levied and assessed on tlie taxable property in the City of Waupaca for tlie year 2026 at $4,156,571. PASSED AND APPROVED, tliis 18'd day of November 2025, by tl'ie City Council, City of Waupaca, County of Waupaca, Wisconsin. Mayor Brian Sm ith Alderperson Paul Mayou Council President ADOPTED: November 18, 2025 ATTEST: Joshua A. Finch, City Administrator 111 S. Main Street • Waupaca, WI 54981 Josh.Finch@waupacawi.gov www.cityofwaupaca.org 715.258.4411 To: Members of City Council From: Mayor Brian Smith Joshua A. Finch, City Administrator Stephanie Reif, Finance Director Date: November 18th, 2025 Re: Summary of 2026 Proposed Budget ____________________________________________________________________________________ The City’s proposed budget for 2026, as summarized in this memo, and further detailed in the attachments, is balanced, supports our mission, conserves financial resources, reduces debt, and preserves our bond rating. This budget balances state and local requirements with the needs of our residents, while positioning the City for a strong and sustainable financial future The 2026 proposed budget provides for all operational and capital departmental requests. Notable highlights of property values: • The equalized value of real and personal property continues to grow. The City’s total equalized value is $699,958,600, up from $647,283,800 ($52,675,400 or 8% increase). Additionally, net new construction came in at $8,056,900 or 1.24%. This measures the net new construction that occurred in 2024. Notable Changes in the Proposed 2026 Budget: • The City will continue to provide the same level of services with no eliminations or reductions. • General Transportation Aids will increase by $92,162 • Budgeted revenues from TID’s to the General Fund increased by $64,250 • Budgeted revenues from Building Permit Fees increased by $130,000. Revenues: • Property Tax Levy General Fund Levy: The proposed 2026 budget remains fully compliant with state- mandated property tax levy limit laws. For 2026, the City is permitted to increase its levy by 1.24%, equivalent to $61,609, based on net new construction. No additional one-time adjustments apply to this year’s calculation. However, the proposed budget levies only $30,609 of the allowable increase, remaining $31,000 below the maximum permitted levy. Joshua A. Finch, City Administrator 111 S. Main Street • Waupaca, WI 54981 Josh.Finch@waupacawi.gov www.cityofwaupaca.org 715.258.4411 Debt Service Levy: The proposed 2026 budget increases the Debt Service Levy from $1,691,209 to $ 1,720,805. • State Shared Revenue State Shared Revenues come from three payments. County and Municipal Aid, Utility Aid, and the Expenditure Restraint Program payment. When combining these three payments, State Shared Revenue will increase by $64,802. • Transportation Aids Transportation Aids come from two payment programs, General Transportation Aids and the Connecting Streets payment. Combined, these payments will increase by $97,091 • Building Permit Revenues Building permits are difficult to budget for due to unknown economic impacts outside of our control. That being said, we have adjusted this revenue up to $435,000 due to confirmed ongoing projects. It is important to note that this is a revenue line that may be adjusted greatly from year to year depending on outside market factors. Personnel Services (Salaries, Wages, and Benefits) Though current municipal funding in the State of Wisconsin is not equipped for large cost-of-living adjustments, this budget seeks to support our employees to the greatest extent possible while remaining financially responsible and focused on long-term sustainability • Wage Adjustments for Full-Time Non-Represented Employees: Total salaries and wages for all full-time non-represented employees are budgeted at a 4% increase. • Wage Adjustments for Full- Time Represented Employees: The current agreement between the City of Waupaca and the Waupaca City Law Enforcement Association remains in effect until the end of 2026. The current agreement calls for the higher of the following… o A 4% increase OR o Increase equal to all other non-represented full-time employees. Given that this budget has built in a 4% increase for non-represented employees, it also accounts for a 4% increase for represented law enforcement employees per the labor contract between the City and the WPPA. Joshua A. Finch, City Administrator 111 S. Main Street • Waupaca, WI 54981 Josh.Finch@waupacawi.gov www.cityofwaupaca.org 715.258.4411 • Health Insurance Our health insurance premiums are increasing by 9%. The City currently covers 90% of premium costs and employees are responsible for 10%. This means that the City’s premium contributions per employee will increase by the following annual amounts in 2026. Individual Plan: $997.04 Single + 1 Plan: $1,994.09 Family Plan: $2,794.73 Based on their 10% contribution, employee annual contributions will increase by the following amounts: Individual Plan: $41.54 Single + 1 Plan: $83.09 Family Plan: $116.45 • Personnel Changes • Creating a new building inspector position • Transitioning from a Part-Time Deputy Clerk to a Full-Time Deputy Clerk • WRS Costs: Both the employer and employee share of Wisconsin Retirement System contribution rates increased by 0.3% from 6.9% to 7.2%. Ambulance/EMS: Contracted ambulance services through Gold Cross are increasing to $89,084-an increase of approximately $0.26 per capita. Fire Department: Contracted Fire Department services are expected to increase by approximately 1.7%, or approximately $1,979, to $116,888. Airport Fund/Library Fund/Youth Program Fund: Transfers from General Fund to the Airport fund are set at the same rate of $50,000 for 2026. Transfers from the General Fund to the Library Fund are proposed to increase by $15,671 in 2026, or approximately 4.2%. Transfers from the General Fund to the Youth Program Fund are budgeted to receive an increase of $2,036 in 2026, or approximately 1.56%. Joshua A. Finch, City Administrator 111 S. Main Street • Waupaca, WI 54981 Josh.Finch@waupacawi.gov www.cityofwaupaca.org 715.258.4411 Water Utility: In the 2026 budget, the water rates remain the same as 2025. Sewer Rates: In the 2026 budget, the sewer rates remain the same as 2025. General Fund Balance: The proposed 2026 budget is balanced without drawing on any General Fund reserves. At the end of 2024, the General Fund balance stood at 36.4% of annual operating expenditures, well above the City’s policy target of 20%–25%. Maintaining a healthy fund balance has been a key factor in supporting the City’s strong A+ credit rating. Total Levy/Mill Rate: This budget is based off a total tax levy of $4,788,285.87, which equates to a City Mill Rate of $7.56. This is a projected $.05 increase from the 2025 rate of $7.71. Future Considerations: 2026 is the final year of the current labor contract with the Wisconsin Professional Police Association (WPPA), with negotiations for a new agreement planned to begin early in the year. At this time, potential impacts on future budgets are unknown but will be evaluated as discussions progress. The City is also operating under a two-year borrowing plan for capital projects, which provides funding stability through 2026. As we move into next year, staff and the Council will begin discussions on capital priorities and borrowing needs for 2027 and beyond. In Conclusion: In 2026, the City is well-positioned to continue providing high-quality services consistent with prior years. The proposed budget maintains current service levels while investing in the people and operations that make those services possible. It includes an overall 4% cost-of-living and wage adjustment (COLA) for employees and continues the City’s commitment to covering 90% of health insurance premiums. This is an important step in supporting workforce stability and competitiveness in a challenging labor market. These accomplishments reflect the collective efforts of the Mayor, both current and past City Councils, the Finance Department, and the many dedicated employees who have consistently found ways to deliver services efficiently and effectively. Their ongoing collaboration and fiscal discipline have allowed the City to balance the budget while maintaining a strong focus on service quality, employee well-being, and long-term financial sustainability. T A X I N F O R M A T I O N CITY OF WAUPACA TAX RATE CALCULATION WORKSHEET 2025 TAXING BODY APPORTIONED LEVY CALCULATED RATE TAX RATE Waupaca County 2,824,435.84$ 0.00457720 4.58$ City of Waupaca 4,788,285.89$ 0.00775976 7.76$ Inland Lakes District 11,519.92$ 0.00001867 0.02$ Waupaca School District 3,744,086.25$ 0.00606756 6.07$ Fox Valley Technical College 479,657.83$ 0.00077732 0.78$ GROSS LEVY 11,847,985.73$ 0.01920050 19.20$ School Levy Credit - (602,035.36)$ (0.00097564) (0.98)$ NET TAX LEVY 11,245,950.37 0.01822486 18.22$ RE PP TOTAL TOTAL ASSESSED VAL-WITH TIF 617,066,500 617,066,500 EQUALIZED TAX VALUES 699,958,600 - 699,958,600 TIF INCREMENT-INCLUDED IN ABOVE 1,563,095.64$ FIRST DOLLAR CREDIT 144.42$ LOTTERY CREDIT 48.14$ FMV 88.1576071% SPECIAL CHARGES & ASSESSMENTS WATER MAINS & LATERALS SEWER MAINS & LATERALS STREET IMPROVEMENTS -$ WEED CUTTING SNOW REMOVAL OTHER TOTAL SPECIAL CHARGES -$ SANITARY DISTRICT DELQ WATER & SEWER -$ TOTAL SPEC CHRGS & ASSESSMTS -$ TOTAL 11,245,950.37 Waupaca County, 23.8% City of Waupaca, 40.4%Inland Lakes District, 0.1% Waupaca School District, 31.6% Fox Valley Technical College 4% 2025 Tax Year Levy Allocation 11/24/2025 CITY OF WAUPACA RATE SUMMARY Taxing Bodies 2022 Rate* 2023 Rate* 2024 Rate* 2025 Rate* Increase Waupaca County 7.08$ 4.67$ 4.59$ 4.58$ (0.01)$ City of Waupaca 9.67$ 7.56$ 7.71$ 7.76$ 0.05$ Inland Lakes District 0.03$ 0.02$ 0.02$ 0.02$ -$ Waupaca School District 7.22$ 4.87$ 5.23$ 6.07$ 0.84$ Fox Valley Technical College 1.03$ 0.72$ 0.76$ 0.78$ 0.02$ Gross Mill Rate 25.03$ 17.84$ 18.31$ 19.20$ 0.89$ School Tax Credit (1.21)$ (0.98)$ (1.02)$ (0.98)$ 0.04$ Net Mill Rate 23.82$ 16.86$ 17.29$ 18.22$ 0.93$ Lottery Credit (Maximum Value) 157.40$ 167.81$ 145.04$ 144.42$ First Dollar Credit 47.95$ 45.08$ 45.05$ 48.14$ Assessed Value Ratio 78.11% 102.89% 94.67% 88.16% TAX RATE SUMMARY 11/24/2025 GENERALFUND 2026 BUDGET WORKSHEET GENERAL FUND SUMMARY Actual Actual Actual Actual Estimate Budget Budget % Prior Year Prior Year Prior Year Current YTD YTD Approved Request Increase Increase Category 2022 2023 2024 ACTUAL 12/31/2025 2025 2026 (Decrease) (Decrease)2 TAXES 3,832,476 4,132,054 4,672,650 4,198,549 4,618,229 4,620,475 4,649,084 28,609 0.62% INTERGOVERNMENTAL REVENUES 1,642,550 1,720,976 2,024,925 1,159,261 2,110,477 2,192,929 2,359,821 166,893 7.61% LICENSES & PERMITS 319,627 408,135 544,467 662,554 694,194 377,983 538,383 160,400 42.44% FINES & FORFEITURES 54,970 58,390 72,148 52,105 56,600 67,600 67,600 - 0.00% PUBLIC CHARGES FOR SERVICES 154,196 188,492 233,728 154,649 151,020 160,325 161,825 1,500 0.94% INTERGOVERNMENTAL CHARGES 164,429 184,961 230,830 198,024 305,422 304,645 309,871 5,227 1.72% MISCELLANEOUS REVENUE 152,902 523,508 641,667 249,269 473,406 272,355 302,605 30,250 11.11% OTHER SOURCES 680,506 578,242 584,095 583,160 607,000 607,000 672,000 65,000 10.71% TOTAL REVENUES 7,001,658 7,794,759 9,004,508 7,257,570 9,016,349 8,603,312 9,061,190 457,878 5.32% MAYOR-COUNCIL 91,894 76,299 84,688 67,379 94,970 81,408 84,408 3,000 3.69% ADMINISTRATION 157,711 165,064 181,244 189,244 228,433 208,448 209,444 996 0.48% CLERK-ELECTIONS 183,025 117,945 142,270 98,859 137,077 174,004 230,023 56,019 32.19% IT-COMMUNICATIONS 111,971 104,349 99,493 99,637 159,489 159,148 163,125 3,977 2.50% FINANCE DEPARTMENT 118,074 85,541 114,758 110,998 172,544 172,767 177,734 4,967 2.87% LEGAL SERVICES 12,768 27,590 46,768 16,888 37,000 37,000 34,500 (2,500) (6.76%) COMMUNITY DEVELOPMENT 387,281 441,842 379,086 290,017 449,950 423,818 476,956 53,138 12.54% CITY HALL/LIBRARY BUILDING 162,494 150,916 134,368 111,829 163,410 174,176 171,372 (2,804) (1.61%) OTHER GENERAL GOVERNMENT 191,507 200,434 214,139 273,927 221,873 228,843 247,000 18,157 7.93% HUMANE SOCIETY - CEMETERY 75,164 77,012 83,684 52,173 79,966 82,896 86,117 3,221 3.89% POLICE STATION 111,021 77,910 96,110 61,711 88,800 90,530 96,438 5,908 6.53% POLICE DEPARTMENT 1,865,561 1,918,809 2,076,404 1,522,949 2,132,994 2,100,755 2,208,618 107,863 5.13% FIRE-EMS DEPARTMENT 203,561 228,034 235,792 199,066 345,788 341,717 349,659 7,942 2.32% PUBLIC WORKS 939,523 993,153 1,170,902 878,817 1,265,214 1,338,565 1,428,098 89,533 6.69% RECREATION ADMIN & PROGRAMS 203,071 234,759 248,274 209,189 261,696 261,976 273,722 11,746 4.48% RECREATION & YOUTH CENTERS 131,976 126,915 122,213 143,445 147,059 117,111 147,411 30,300 25.87% PARKS & BEACHES 264,207 305,882 324,920 238,614 318,172 318,558 337,001 18,443 5.79% HISTORICAL SOC-CIVIC PROMO 26,059 24,980 33,542 28,045 31,165 31,500 31,500 - 0.00% OTHER USES - TRANSFERS TO OTHER FUNDS 1,510,446 1,683,752 2,201,342 2,254,903 2,254,903 2,254,903 2,302,206 47,303 2.10% CONTINGENCY 5,186 5,858 672 12.96% TOTAL EXPENDITURES 6,747,314 7,012,153 7,960,964 6,818,657 8,590,503 8,603,312 9,061,190 457,878 5.32% REVENUES OVER(UNDER) EXPENDITURES (189,087) 394,626 721,967 425,846 - - BEGINNING FUND BALANCE 2,163,578 1,974,491 2,369,117 3,091,084 3,091,084 3,516,930 % fund bal to Expend ENDING FUND BALANCE 1,974,491 2,369,117 3,091,084 3,516,930 3,091,084 3,516,930 38.81% 11/17/2025 GEN FUND SUMMARY 2026 BUDGET WORKSHEET REVENUES FUND Actual Actual Actual 12/31/2025 Budget Budget % 12/31/202212/31/202312/31/202410/31/2025 12/31/2025 Prior Year Prior Year Prior YearCurrent YTD YTD Approved Request Increase Increase Acct No Account Description 2022 2023 2024 ACTUAL Estimated 2025 2026 (Decrease)(Decrease)2 TAXES 100-41110-000-000TAXES: GENERAL PROPERTY TAXES 3,341,887 3,639,218 4,179,338 4,125,961 4,125,962 4,125,962 4,156,571 30,609 0.74% 100-41140-000-000TAXES: MOBILE HOME PARKING FEE 11,522 11,445 11,671 13,490 11,500 11,500 11,500 0 0.00% 100-41325-000-000TAXES: PAYMENT IN LIEU OF TAX 53,460 52,789 58,247 59,085 59,085 58,000 58,000 0 0.00% 100-41330-000-000TAXES: STATE IN LIEU OF TAX 13 13 13 13 13 13 13 0 0.00% 100-41310-000-000TAXES: WATER TAX EQUIVALENT 175,587 177,076 171,669 0 171,669 175,000 173,000 (2,000) (1.14%) 100-41320-000-000TAXES: SEWER TAX EQUIVALENT 250,008 250,008 250,008 0 250,000 250,000 250,000 0 0.00% 100-41810-000-000TAXES: INTEREST PROPERTY TAXES 0 1,506 1,704 0 0 0 0 0 0.00% TAXES 3,832,476 4,132,054 4,672,650 4,198,549 4,618,229 4,620,475 4,649,084 28,609 0.62% INTERGOVERNMENTAL REVENUES 100-43410-000-000STATE AID: SHARED REVENUE 910,136 957,095 1,188,097 281,389 1,209,725 1,209,725 1,245,115 35,391 2.93% 100-43415-000-000STATE AID: EXPEND RESTRAINT 110,419 120,057 99,930 0 99,930 99,930 129,341 29,411 29.43% 100-43420-000-000STATE AID: COMPUTER AID 34,757 36,021 36,021 36,021 36,020 36,020 36,020 0 0.00% 100-43425-000-000STATE AID: 2% FIRE DUES 19,303 21,918 25,115 28,179 28,179 26,000 26,000 0 0.00% 100-43430-000-000STATE AID: CABLE FRANCHISE FEE (Video Serv. Prov. Aid)14,343 14,343 14,343 14,343 14,343 14,343 14,343 0 0.00% 100-43440-000-000STATE AID: PERSONAL PROPERTY AID 33,639 29,925 29,925 143,306 143,306 136,681 136,681 0 0.00% 100-43510-000-000STATE AID: GEN ADMIN GRANTS 210 0 0 0 0 0 0.00% 100-43520-000-000STATE AID: POLICE TRAINING 2,400 2,400 3,840 265 1,000 4,800 3,800 (1,000) (20.83%) 100-43523-000-000STATE AID: POLICE OTHER 0 6,772 35,442 181 3,000 15,000 15,000 0 0.00% 100-43524-000-000STATE AID: EMS DVA 0 344 0 0 0 0 #DIV/0! 100-43530-000-000STATE AID: GEN TRANSPORTATION 478,068 487,253 534,272 614,413 534,272 614,413 706,575 92,162 15.00% 100-43535-000-000STATE AID: CONNECTING STREETS 24,448 21,066 29,973 30,017 30,017 30,017 34,946 4,929 16.42% 100-43540-000-000STATE AID: WI DISASTER FUND 0 0 6,043 0 0 0 0 0 0.00% 100-43610-000-000STATE AID: MUNICIPAL SERVICES 7,331 21,055 7,694 6,685 6,685 0 6,000 6,000 #DIV/0! 100-43720-000-000OTHER GOVERNMENTS POLICE 7,496 2,727 14,229 4,463 4,000 6,000 6,000 0 0.00% INTERGOVERNMENTAL REVENUES 1,642,550 1,720,976 2,024,925 1,159,261 2,110,477 2,192,929 2,359,821 166,893 7.61% LICENSES & PERMITS 100-44110-000-000LICENSES: LIQUOR & MALT BEV 16,070 16,596 27,397 26,833 26,833 15,000 15,000 0 0.00% 100-44115-000-000LICENSES: OPERATORS 6,465 5,185 5,185 4,445 5,300 6,000 5,000 (1,000) (16.67%) 100-44120-100-000LICENSES: AMUSEMENT DEVICE 8,233 7,482 7,816 7,764 7,640 7,000 7,500 500 7.14% 100-44120-110-000LICENSES: CIGARETTE 1,800 1,900 1,600 1,400 1,800 1,800 1,800 0 0.00% 100-44130-000-000LICENSES: GARBAGE PICKUP 350 320 190 190 200 350 350 0 0.00% 100-44140-000-000LICENSES: MOVIES IN THE PARK 0 0 1,850 1,350 1,400 0 900 900 #DIV/0! 100-44155-000-000LICENSES: MOBILE HOME PARK 364 182 182 0 182 182 182 0 0.00% 100-44220-000-000LICENSES: DOG: CITY SHARE 1,521 1,590 1,253 955 1,500 1,500 1,500 0 0.00% 100-44225-000-000LICENSES: CATS 325 330 295 215 290 290 290 0 0.00% 100-44240-000-000LICENSES: OTHER MISC. 1,957 3,623 3,828 2,061 2,300 3,000 3,000 0 0.00% 100-44305-000-000PERMITS: OTHER DANCE/PARADE 195 275 290 50 275 250 250 0 0.00% 100-44310-000-000PERMITS: BUILDING 209,404 302,316 420,625 578,863 578,863 275,000 435,000 160,000 58.18% 100-44325-000-000PERMITS: STREET EXCAVATION 12,300 10,100 17,240 12,270 11,611 11,611 11,611 0 0.00% 100-44920-000-000PERMITS: CABLE FRANCHISE 60,642 58,237 56,716 26,159 56,000 56,000 56,000 0 0.00% LICENSES & PERMITS 319,627 408,135 544,467 662,554 694,194 377,983 538,383 160,400 42.44% 11/17/2025 2026 BUDGET WORKSHEET REVENUES FUND Actual Actual Actual 12/31/2025 Budget Budget % 12/31/202212/31/202312/31/20249/30/2025 12/31/2025 Prior Year Prior Year Prior YearCurrent YTD YTD Approved Request Increase Increase Acct No Account Description 2022 2023 2024 ACTUAL Estimated 2025 2026 (Decrease)(Decrease)2 FINES & FORFEITURES 100-45110-000-000 COURT: TRAFFIC FINES/PENALTIES 26,654 37,405 41,069 32,796 35,000 40,000 40,000 0 0.00% 100-45130-000-000 POLICE: PARKING VIOLATIONS 19,387 20,196 25,686 15,362 20,600 25,600 25,600 0 0.00% 100-45215-000-000 RESTITUTION/OTHER POLICE REV 8,929 789 5,393 812 1,000 2,000 2,000 0 0.00% FINES & FORFEITURES 54,970 58,390 72,148 48,969 56,600 67,600 67,600 0 0.00% PUBLIC CHARGES FOR SERVICES 100-46110-000-000 FEES: WEIGHTS & MEASURE 10,088 9,897 27,340 4,043 15,625 15,625 15,625 0 0.00% 100-46115-000-000 FEES: LICENSE PUBLICATIONS 137 184 223 133 100 100 100 0 0.00% 100-46120-000-000 FEES: SPECIAL ASSESSMENT LTRS 8,600 7,700 7,675 6,825 7,500 7,500 7,500 0 0.00% 100-46125-000-000 FEES: COPIES/BACKGROUND CHECKS 4,261 4,635 4,354 3,664 4,400 4,400 4,400 0 0.00% 100-46135-000-000 FEES: CLERK/TREASURER 4,038 3,440 4,749 135 200 0 0 0.00% 100-46150-000-000 FEES: NON CITY EVENTS 3,279 2,000 2,000 0 2,000 3,000 3,000 0 0.00% 100-46210-000-000 FEES: POLICE DEPARTMENT 2,576 4,279 2,483 2,945 3,500 3,500 3,500 0 0.00% 100-46310-000-000 FEES: SNOW & ICE CONTROL 2,325 8,400 4,325 2,250 3,000 3,500 3,500 0 0.00% 100-46315-000-000 FEES: MACHINERY & EQUIPMENT 20,952 23,159 40,259 19,307 20,000 20,000 20,000 0 0.00% 100-46320-000-000 FEES: OTHER PUBLIC WORKS 0 0 1,550 0 1,550 0 0 0.00% 100-46330-000-000 FEES: PARKING PERMITS 6,428 8,790 9,472 5,502 6,100 5,000 6,500 1,500 0.00% 100-46420-000-000 FEES: REFUSE BAG TAGS 380 140 135 175 100 100 100 0 0.00% 100-46440-000-000 FEES: WEED CONTROL 1,200 270 1,050 5,550 500 500 500 0 0.00% 100-46540-100-000 FEES: CEMETERY BURIALS 20,105 15,980 15,655 11,825 13,000 15,000 15,000 0 0.00% 100-46540-120-000 FEES: CEMETERY 0 1,300 0 0 0 0 0 0.00% 100-46720-000-000 FEES: PARK SHELTER HOUSES 10,718 11,157 8,605 11,945 11,945 10,600 10,600 0 0.00% 100-46725-000-000 FEES: CONCESSIONS SWAN PARK 36,054 47,912 40,828 22,772 23,000 30,000 30,000 0 0.00% 100-46727-000-000 FEES: CONCESSIONS SOUTH PARK 0 200 3,171 2,699 3,000 3,500 3,500 0 0.00% 100-46740-000-000 FEES: REC DEPT: YOUTH PROGRAMS 0 0 0 3,908 0 0 0 0.00% 100-46745-000-000 FEES: CONCESSIONS REC CENTER 3,019 3,536 3,097 2,577 3,000 3,500 3,500 0 0.00% 100-46750-100-000 FEES: SENIOR MEMBERSHIP 9,532 17,831 22,629 17,886 18,000 18,000 18,000 0 0.00% 100-46750-110-000 FEES: SENIOR TRAVEL 7,885 9,932 18,289 15,991 10,000 12,000 12,000 0 0.00% 100-46750-120-000 FEES: SENIOR PROGRAMS 1,894 6,739 6,194 4,529 4,500 4,500 4,500 0 0.00% 100-46750-150-000 FEES: HISTORICAL CONSERV COMM 30 177 0 0 0 0 0 0 #DIV/0! PUBLIC CHARGES FOR SERVICES 154,196 188,492 233,728 144,661 151,020 160,325 161,825 1,500 0.94% INTERGOVERNMENTAL CHARGES FOR SERVICES 100-47220-000-000 INTERGOVT CHRG:SCHOOL LIAISON 147,264 164,059 141,925 76,818 143,346 143,346 148,572 5,227 3.65% 100-47225-000-000 INTERGOVT CHRG:CROSSING GUARDS 6,960 7,697 6,978 4,797 6,963 6,963 6,963 0 0.00% 100-47230-000-000 INTERGOVT CHRG: FIRE DEPT 4,982 5,174 37,295 75,462 111,221 111,221 111,221 0 0.00% 100-47240-000-000 INTERGOVT CHRG: RECYLING DIST 5,223 8,032 8,475 5,741 6,000 5,223 5,223 0 0.00% 100-47250-000-000 INTERGOVT CHRG:SCHOOL LIFE GRD & GRANT WRITER 0 0 36,156 18,850 37,892 37,892 37,892 0 0.00% INTERGOVERNMENTAL CHARGES FOR SERVICES 164,429 184,961 230,830 181,669 305,422 304,645 309,871 5,227 1.72% 10/28/2025 2026 BUDGET WORKSHEET REVENUES FUND Actual Actual Actual 12/31/2025 Budget Budget % 12/31/202212/31/202312/31/202410/31/2025 12/31/2025 Prior Year Prior Year Prior YearCurrent YTD YTD Approved Request Increase Increase Acct No Account Description 2022 2023 2024 ACTUAL Estimated 2025 2026 (Decrease)(Decrease)2 MISCELLANEOUS REVENUE 100-48101-000-000 INTEREST: INTEREST LEASES 0 2,344 3,041 0 0 0 #DIV/0! 100-48110-000-000 INTEREST: INTEREST GENERAL 24,394 357,557 445,712 137,981 250,000 75,000 100,000 25,000 33.33% 100-48114-000-000 INTEREST: TAX SPEC CHRGS 0 55 36 0 36 0 0 0.00% 100-48120-000-000 INTEREST: CEMETERY 25 284 0 0 0 0 0 0.00% 100-48211-000-000 RENT: CITY PROPERTY 7,450 7,450 0 0 3,750 3,750 (3,750) (100.00%) 100-48214-000-000 RENT: CITY PROPERTY: FIRE 14,105 13,708 13,116 14,105 14,105 14,105 14,105 0 0.00% 100-48220-000-000 RENT: 219 W FULTON 19,200 22,255 22,255 19,377 22,255 25,000 25,000 0 0.00% 100-48225-000-000 RENT: WATER PAYMENT TO PUBLIC WORKS FACILITY 0 0 25,000 0 50,000 50,000 50,000 0 0.00% 100-48250-000-000 RENT: REC CENTER 14,884 14,877 27,419 29,350 27,419 15,000 24,000 9,000 60.00% 100-48260-000-000 RENT: UTILITY & STORAGE 33,000 33,000 36,000 0 36,000 36,000 36,000 0 0.00% 100-48405-000-000 INSURANCE DIVIDENDS 11,034 8,941 6,354 7,510 6,400 7,500 7,500 0 0.00% 100-48420-000-000 INSURANCE CLAIMS POLICE 0 10,936 4,607 0 4,607 0 0 0 0.00% 100-48425-000-000 INSURANCE CLAIMS POLICE WC 0 12,219 0 0 0 0 0.00% 100-48430-000-000 INSURANCE CLAIMS STREETS 6,248 2,084 20,423 0 20,423 0 0 0 0.00% 100-48450-000-000 INSURANCE CLAIMS PARKS & REC 1,094 0 0 0 0 0 0 0 0.00% 100-48150-000-000 REBATES 20,931 22,013 18,861 13,180 20,000 20,000 20,000 0 0.00% 100-48900-000-000 OTHER: REVENUE MISCELLANEOUS 538 15,786 18,411 27,476 18,411 26,000 26,000 0 0.00% MISCELLANEOUS REVENUE 152,902 523,508 641,667 249,269 473,406 272,355 302,605 30,250 11.11% OTHER SOURCES (USES) 100-49920-100-000 TRANSFER IN: HOTEL/MOTEL TAX FUND 77,589 76,233 66,836 51,660 75,500 75,500 75,500 0 0.00% 100-49964-000-000 TRANSFER IN: TIF DISTRICTS 156,417 55,509 70,759 85,000 85,000 85,000 150,000 65,000 76.47% 100-49965-000-000 TRANSFER IN: WATER UTILITY 216,500 216,500 216,500 216,500 216,500 216,500 216,500 0 0.00% 100-49966-000-000 TRANSFER IN: SEWER UTILITY 215,000 215,000 215,000 215,000 215,000 215,000 215,000 0 0.00% 100-49967-000-000 TRANSFER IN: WAUPACA ONLINE 15,000 15,000 15,000 15,000 15,000 15,000 15,000 0 0.00% OTHER SOURCES (USES) 680,506 578,242 584,095 583,160 607,000 607,000 672,000 65,000 10.71% TOTAL GENERAL FUND REVENUES 7,001,658 7,794,759 9,004,508 7,257,570 9,016,349 8,603,312 9,061,190 457,878 5.32% 11/17/2025 OTHERFUNDS 2026 BUDGET WORKSHEET ROOM TAX FUND Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year Current YTD YTD Approved Request (Decrease) (Decrease) Account Description 2022 2023 2024 Actual Estimated 2025 2026 Budget % TAXES 381,618 318,993 308,570 267,878 275,500 275,500 297,500 22,000 7.99% - TOTAL REVENUES 381,618 318,993 308,570 267,878 275,500 275,500 297,500 22,000 7.99% - HOTEL/MOTEL TAX 244,513 314,217 249,222 116,632 200,000 200,000 222,000 22,000 11.00% TRANSFERS TO OTHER FUNDS 77,589 76,233 66,836 30,179 75,500 75,500 75,500 - 0.00% - TOTAL EXPENDITURES 322,102 390,450 316,058 146,811 275,500 275,500 297,500 22,000 7.99% EXCESS REVENUES OVER (UNDER) EXPENDITURES 59,517 (71,457) (7,488) - - - BEGINNING FUND BALANCE 34,654 94,170 22,713 15,225 15,225 15,225 15,225 ENDING FUND BALANCE 94,170 22,713 15,225 15,225 15,225 15,225 15,225 10/28/2025 ROOM TAX SUMMARY 2026 BUDGET WORKSHEET AIRPORT FUND Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year Current YTD YTD Approved Request (Decrease) (Decrease) Account Description 2022 2023 2024 Actual Estimated 2025 2026 Budget % REVENUES INTERGOVERNMENTAL 75,000 - 35,757 - 36,000 - 36,000 36,000 TAXES - 60,000 60,000 50,000 50,000 50,000 50,000 - 0.00% PUBLIC CHARGES FOR SERVICES 188,556 252,731 285,858 201,982 258,000 246,000 246,000 - 0.00% MISCELLANEOUS 32,849 41,521 54,846 19,076 31,500 31,000 43,150 12,150 39.19% TOTAL REVENUES 296,405 354,252 436,461 271,058 375,500 327,000 375,150 48,150 14.72% EXPENDITURES MUNICIPAL AIRPORT 284,162 351,123 434,815 281,704 354,425 327,450 364,950 37,500 11.45% TOTAL EXPENDITURES 284,162 351,123 434,815 281,704 354,425 327,450 364,950 37,500 11.45% REVENUES OVER (UNDER) EXPENDITURES 12,243 3,129 1,645 21,075 (450) 10,200 BEGINNING FUND BALANCE (8,264) 3,979 7,109 8,755 8,755 29,830 ENDING FUND BALANCE 3,979 7,109 8,755 29,830 8,305 40,030 10/28/2025 AIRPORT FUND SUMMARY 2026 BUDGET WORKSHEET TRANSIT FUND Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year Current YTD YTD Approved Request (Decrease) (Decrease) Account Description 2022 2023 2024 Actual Estimated 2025 2026 Budget % TAXES 10,000 10,000 10,000 10,000 10,000 10,000 10,000 - 0.00% INTERGOVERNMENTAL REVENUES 304,259 382,606 375,022 122,487 369,756 375,524 - (375,524) (100.00%) MISCELLANEOUS REVENUES 230,331 197,991 192,756 141,806 160,000 213,000 - (213,000) (100.00%) TOTAL REVENUES 544,590 590,597 577,778 274,293 539,756 598,524 10,000 (588,524) (98.33%) - TRANSIT 532,744 574,833 694,424 460,141 675,316 623,300 - (623,300) (100.00%) TOTAL EXPENDITURES 532,744 574,833 694,424 460,141 675,316 623,300 - (623,300) (100.00%) REVENUES OVER (UNDER) EXPENDITURES 11,846 15,764 (116,646) (185,848) (135,560) (24,776) 10,000 BEGINNING FUND BALANCE 13,535 25,381 41,146 (75,500) (75,500) - ENDING FUND BALANCE 25,381 41,146 (75,500) (211,060) (100,276) - 10/28/2025 TRANSIT FUND SUMMARY 2026 BUDGET WORKSHEET REFUSE/RECYCLING FUND Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year Current YTD YTD Approved Request (Decrease) (Decrease) Account Description 2022 2023 2024 Actual Estimated 2025 2026 Budget % - PUBLIC CHARGES FOR SERVICES 295,288 308,545 324,800 260,596 325,000 325,000 334,750 9,750 3.00% OTHER FINANCING SOURCES 918 1,310 1,505 892 1,000 1,000 1,000 0.00% TOTAL REVENUES 296,207 309,855 326,305 261,488 326,000 325,000 335,750 10,750 3.31% SANITATION 302,858 298,778 325,509 250,954 324,392 325,000 333,767 8,767 2.70% TOTAL EXPENDITURES 302,858 298,778 325,509 250,954 324,392 325,000 333,767 8,767 2.70% - REVENUES OVER (UNDER) EXPENDITURES (6,651) 11,077 971 10,534 1,608 - 1,983 BEGINNING FUND BALANCE - (6,651) 4,426 5,397 5,397 7,005 ENDING FUND BALANCE (6,651) 4,426 5,397 7,005 5,397 8,988 10/28/2025 REFUSE FUND SUMMARY 2026 BUDGET WORKSHEET LIBRARY FUND Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year CURRENT YTD Approved Request (Decrease) (Decrease) Account Description 2022 2023 2024 ACTUAL Estimated 2025 2026 Budget % REVENUES INTERGOVERNMENTAL 394,166 424,712 408,915 23,781 426,555 425,547 420,671 (4,876) (1.15%) PUBLIC CHARGES FOR SERVICE 8,734 8,809 14,686 13,995 18,939 16,100 17,100 1,000 6.21% MISCELLANEOUS 388,195 431,366 415,123 386,306 410,280 436,135 451,803 15,668 3.59% TOTAL REVENUES 791,095 864,887 838,723 424,082 855,774 877,782 889,574 11,792 1.34% EXPENDITURES LIBRARY FULL-TIME 483,522 529,670 528,602 411,728 578,956 605,727 520,799 (84,928) (14.02%) LIBRARY: PART-TIME 134,032 113,264 127,847 94,972 139,151 120,081 169,406 49,325 41.08% LIBRARY: OPERATING EXPENSES 71,700 64,081 68,514 48,813 61,633 61,809 68,195 6,386 10.33% LIBRARY: DONATION EXPENSES 37,049 78,986 43,592 26,361 35,148 61,500 61,500 - 0.00% LIBRARY: PROGRAMS 5,433 5,574 5,504 2,978 5,500 5,500 5,500 - 0.00% LIBRARY: BOOKS 41,926 44,548 41,570 30,566 43,775 43,775 42,475 (1,300) (2.97%) LIBRARY: A/V 15,952 15,560 16,584 15,777 19,289 19,089 21,699 2,610 13.67% TOTAL EXPENDITURES 789,615 851,683 832,213 631,195 883,452 917,481 889,574 (27,907) (3.04%) REVENUES OVER(UNDER) EXPENDITURES 1,480 13,204 6,511 (27,678) (39,699) 0 BEGINNING FUND BALANCE 45,657 44,531 57,735 64,246 36,568 ENDING FUND BALANCE 44,531 57,735 64,246 36,568 36,569 10/28/2025 LIBRARY FUND SUMMARY 2026 BUDGET WORKSHEET ADULT RECREATION PROGRAM FUND Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year Current YTD YTD Approved Request (Decrease) (Decrease) Account Description 2022 2023 2024 Actual Estimated 2025 2026 Budget % PUBLIC CHARGES FOR SERVICES 15,591 19,838 31,064 19,898 29,233 29,875 29,875 - 0.00% MISCELLANEOUS REVENUE - - - - - - - - 0.00% TOTAL REVENUES 15,591 19,838 31,064 19,898 29,233 29,875 29,875 - 0.00% ADULT VOLLEYBALL 4,760 4,530 5,568 3,437 4,950 6,200 6,450 250 4.03% ADULT BASKETBALL 4,774 3,801 4,787 3,392 5,477 5,477 5,477 - 0.00% ADULT SOFTBALL 7,590 3,600 4,022 4,015 7,000 7,000 7,000 - 0.00% ADULT KICKBALL - 143 6,096 1,616 3,206 200 200 - 0.00% ADULT TENNIS/OTHER - - 8,491 5,478 8,600 9,000 10,224 CAPITAL OUTLAY PARKS: SWAN PARK - - - - - - - - 100.00% TRANSFERS OUT: GENERAL FUND - - - - - - - - 100.00% ADULT PROGRAMS 17,124 12,074 28,964 17,938 29,233 27,877 29,351 250 0.90% TOTAL EXPENDITURES 17,124 12,074 28,964 17,938 29,233 27,877 29,351 1,474 5.29% REVENUES OVER (UNDER) EXPENDITURES (1,533) 7,764 2,101 1,959 - 1,998 524 BEGINNING FUND BALANCE 27,938 26,456 34,220 36,320 34,220 34,220 36,218 ENDING FUND BALANCE 26,456 34,220 36,320 34,220 36,218 36,742 10/28/2025 ADULT REC PROG SUMMARY 2026 BUDGET WORKSHEET YOUTH PROGRAM FUND Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year Current YTD YTD Amended Request (Decrease) (Decrease) Account Description 2022 2023 2024 Actual Estimated 2025 2026 Budget % REVENUES TAXES 102,323 101,698 101,698 130,659 111,221 130,659 136,781 6,122 4.69% INTERGOVERNMENTAL CHARGES FOR SERVICE 130,405 133,423 128,786 100,774 132,698 132,698 137,617 4,919 3.71% PUBLIC CHARGES FOR SERVICES 65,642 78,668 107,748 85,251 83,933 85,000 86,250 1,250 1.47% MISCELLANEOUS - 4,467 494 - - - - - 0.00% TOTAL REVENUES 298,370 318,255 338,726 316,684 327,852 348,357 360,648 12,291 3.53% EXPENDITURES YOUTH PROGRAMS 124,407 95,246 108,140 83,503 101,904 104,898 102,696 (2,202) (2.10%) YOUTH CENTER 50,880 53,367 59,247 41,231 58,800 59,064 64,216 5,152 8.72% RECREATION ADMINISTRATION 80,906 112,794 116,430 87,406 121,983 119,135 126,153 7,018 5.89% BEACHES 11,735 31,186 19,583 13,325 14,358 20,383 20,959 576 2.83% PARK S 32,774 43,739 44,140 42,828 47,056 44,930 46,624 1,694 3.77% TOTAL EXPENDITURES 300,701 336,331 347,540 268,292 344,102 348,410 360,648 12,238 3.51% REVENUES OVER (UNDER) EXPENDITURES (20,041) (18,075) (8,814) 48,391 (16,250) (53) (0) BEGINNING FUND BALANCE 37,487 17,446 (629) - (9,443) - - ENDING FUND BALANCE 17,446 (629) (9,443) - (25,693) (53) (0) 11/4/2025 YOUTH PROG FUND SUMMARY 2026 BUDGET WORKSHEET INLAND LAKES FUND Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year Current YTD YTD Approved Request (Decrease) (Decrease) Account Description 2022 2023 2024 Column1 Estimated 2025 2026 Budget % TAXES 10,000 10,194 10,000 10,271 10,000 10,000 10,000 - 0.00% INTERGOVERNMENTAL REVENUES - 15,412 - - - - - - 0.00% MISCELLANEOUS REVENUES (147) - - - - - - - 0.00% TOTAL REVENUES 9,853 25,606 10,000 10,271 10,000 10,000 10,000 - 0.00% INLAND LAKES 7,286 4,831 8,475 4,111 6,700 10,000 10,000 - 0.00% TOTAL EXPENDITURES 7,286 4,831 8,475 4,111 6,700 10,000 10,000 - 0.00% REVENUES OVER (UNDER) EXPENDITURES 2,566 20,775 1,525 6,160 3,300 - - BEGINNING FUND BALANCE 12,603 15,169 35,944 37,469 37,469 35,944 40,769 ENDING FUND BALANCE 15,169 35,944 37,469 43,629 40,769 35,944 40,769 10/28/2025 INLAND LAKES FUND SUMMARY GENERALOBLIGATIONDEBT 2026 BUDGET WORKSHEET DEBT SERVICE FUND Actual Actual Actual Budget Budget Budget Budget Budget Budget Budget Budget * 12/31/202212/31/202312/31/20249/30/2025 * Prior Year Prior Year Prior Year Actual Request Request Request Request Request Request Request Request * Acct No Account Description 2022 2023 2024 CURRENT 2026 2027 2028 2029 2030 2031 2032 2033 * REVENUES * 300-49210-000-000TRANSFER IN: GEN FUND 1,051,569 1,165,500 1,662,122 1,691,209 1,720,805 1,750,919 1,781,560 1,812,738 1,844,461 1,876,739 1,909,582 1,942,999 * 300-49220-000-000TRANSFER IN: TIF #3 838,493 - - * 300-49215-000-000TRANSFER IN: TIF #6 320,000 - - * 300-49230-000-000TRANSFER IN: TIF #8 - - 232,817 232,293 241,290 250,558 245,104 229,936 119,815 95,733 * 300-49235-000-000TRANSFER IN: TIF #10 - - - - * 300-49211-000-000DEBT ISSUANCE 103,903 * 300-49212-000-000DEBT ISSUANCE - PREMIUM * TOTAL REVENUES 2,313,965 1,165,500 1,662,122 1,691,209 1,953,622 1,983,212 2,022,850 2,063,296 2,089,565 2,106,675 2,029,397 2,038,732 * * EXPENDITURES * 300-58100-400-111PRINCIPAL: SUB 99 GO 2011 - * 300-58100-410-116PRINCIPAL: CAPITAL 2016A-2016B 96,565 - - - * 300-58100-410-117PRINCIPAL: CAPITAL 2017 157,675 - - - * 300-58100-400-118PRINCIPAL: GO 2018 300,000 570,000 470,000 485,000 * 300-58100-400-119PRINCIPAL: GO 2019 135,000 140,000 145,000 150,000 155,000 160,000 165,000 170,000 * 300-58100-400-120PRINCIPAL: GO 2020 365,000 405,000 260,000 180,000 515,000 535,000 545,000 555,000 570,000 * 300-58100-400-121PRINCIPAL: GO 2022A (PW Gargage) 25,000 25,000 25,000 25,000 25,000 25,000 25,000 100,000 100,000 100,000 100,000 * 300-58100-400-122PRINCIPAL: GO 2022B 310,000 165,000 175,000 175,000 180,000 260,000 230,000 * 300-58100-400-123PRINCIPAL: GO 2023 - 175,000 110,000 110,000 115,000 120,000 125,000 125,000 135,000 140,000 145,000 * 300-58100-400-124PRINCIPAL: GO 2024 - - 225,000 75,000 75,000 75,000 75,000 75,000 100,000 105,000 110,000 * 300-58100-400-128PRINCIPAL: GO 2025A (PW NAN) - - 300-58100-400-125PRINCIPAL: GO 2025 & 2026 - - 200,000 300,000 175,000 175,000 200,000 375,000 390,000 420,000 * 300-58100-400-127PRINCIPAL: GO 2027 & 2028 270,000 405,000 420,000 435,000 455,000 * PRINCIPAL: GO 2029 & 2030 120,000 485,000 150,000 160,000 * PRINCIPAL: GO 2031 & 2032 245,000 295,000 * PRINCIPAL: GO 2033 & 2034 * 300-58100-440-118PRINCIPAL: LINE OF CREDIT FSB - - - * PRINCIPAL 1,054,240 1,450,000 1,240,000 1,350,000 1,255,000 1,390,000 1,365,000 1,625,000 1,595,000 1,615,000 1,565,000 1,685,000 * * 300-58200-400-111INTEREST: SUB 99 GO 2011 - - * 300-58200-410-116INTEREST: CAPITAL 2016A-2016B 2,897 * 300-58200-410-117INTEREST: CAPITAL 2017 4,730 * 300-58200-400-118INTEREST: GO 2018 27,375 37,200 21,600 7,275 * 300-58200-400-119INTEREST: GO 2019 39,600 34,100 28,400 22,500 17,175 12,450 7,575 2,550 * 300-58200-400-120INTEREST: GO 2020 95,725 83,879 74,200 67,600 57,175 41,425 27,950 16,950 5,700 * 300-58200-400-121INTEREST: GO 2022A 287,413 203,625 202,875 202,125 201,375 200,500 199,500 197,000 193,500 190,500 187,500 * 300-58200-400-122INTEREST: GO 2022B 65,276 37,975 32,875 27,625 22,300 14,400 4,600 * 300-58200-400-123INTEREST: GO 2023 - 62,194 38,100 34,250 30,875 27,350 23,675 19,300 14,100 8,600 2,900 * 300-58200-400-124INTEREST: GO 2024 61,721 35,075 31,325 27,575 23,825 20,075 15,700 11,100 6,800 * 300-58200-400-127INTEREST: GO 2025A (PW NAN) 163,703 119,268 84,950 84,325 83,700 82,825 77,325 67,450 62,305 * 300-58200-400-125INTEREST: GO 2025 & 2026 128,560 78,500 67,250 59,125 50,625 41,750 32,500 27,133 * 300-58200-400-128INTEREST: GO 2027 & 2028 226,667 154,600 141,100 124,600 107,500 89,700 * INTEREST: GO 2029 & 2030 110,933 65,500 52,800 46,600 * INTEREST: GO 2031 & 2032 108,433 64,300 * INTEREST: GO 2033 & 2034 * 300-58210-210-000DEBT SERVICING: MISC 192,746 1,340 2,850 - * 300-49212-000-000DEBT ISSUANCE - PREMIUM (5,873) (50,099) (83,277) * INTEREST 363,073 509,208 594,548 432,946 537,975 503,200 683,592 568,525 627,558 532,475 578,883 487,238 * * TOTAL EXPENDITURES 1,417,313 1,959,208 1,834,548 1,732,847 1,792,975 1,893,200 2,048,592 2,193,524 2,222,558 2,147,475 2,143,883 2,172,238 * * EXCESS REVENUES OVER (UNDER) EXPENDITURES 896,652 (793,708) (172,426) (41,638) 160,647 90,012 (25,741) (130,229) (132,993) (40,800) (114,486) (133,506) * * BEGINNING FUND BALANCE 597,918 1,567,367 773,660 601,234 559,596 720,243 810,255 784,514 654,284 521,291 480,490 366,004 * * ENDING FUND BALANCE 1,567,367 773,660 601,234 559,596 720,243 810,255 784,514 654,284 521,291 480,490 366,004 232,498 * 10/16/2025 DEBT SERVICE (PAYOFF) (PW NAN) UTILITIES 2026 BUDGET WORKSHEET WATER UTILITY FUND Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior YearCurrent YTD YTD Current Request (Decrease)(Decrease) Account Description 2022 2023 2024 Actual Estimated 2025 2026 Budget % REVENUES WATER SALES REVENUES 1,265,194 1,329,691 1,441,267 1,142,463 1,549,998 1,549,998 1,565,575 15,577 1.00% MISCELLANEOUS REVENUE 333,340 82,818 163,495 1,057,690 1,073,500 1,075,500 1,074,616 (884) (0.08%) TOTAL REVENUES 1,598,534 1,412,509 1,604,763 2,200,154 2,623,498 2,625,498 2,640,191 14,693 0.56% EXPENDITURES DEPRECIATION & TAXES 414,069 402,887 401,221 42 405,000 405,000 405,000 - 0.00% MAINTENANCE-WELLHEADS & WELLS - 209 162 795 574 7,074 7,074 - 0.00% MAINTENANCE-SUPPLY 13,072 33,675 39,266 11,280 23,902 39,507 24,877 (14,631) (37.03%) FUEL FOR POWER 104,726 101,370 99,146 77,929 101,000 102,500 102,500 - 0.00% PUMPING 13,598 14,318 12,785 8,176 12,059 11,897 13,512 1,615 13.57% MAINTENANCE OPERATIONS MISCELLANEOUS27,374 55,277 71,638 29,775 63,315 61,422 71,912 10,490 17.08% MAINTENANCE-STRUCTURES 13,168 20,866 11,205 3,934 8,940 11,274 10,091 (1,183) (10.49%) MAINTENANCE-POWER PROD 454 2,874 160 7 1,000 1,000 1,000 - 0.00% MAINTENANCE-PUMPING EQUIPMENT 4,012 4,988 6,647 4,606 8,092 8,140 8,574 434 5.33% CHEMICALS 15,804 13,236 13,444 10,661 15,000 18,000 16,000 (2,000) (11.11%) LABOR EXPENSE 9,722 3,662 3,359 3,049 3,680 3,876 4,400 524 13.52% MAINTENANCE-WATER TREATMENT 10,621 19,143 24,274 10,955 19,560 20,826 21,258 432 2.07% OPERATIONS-STORAGE FACILITY 12,348 3,117 2,373 1,051 3,003 8,317 8,368 51 0.61% OPERATIONS-METER EXPENSE 132,795 113,216 114,751 61,108 126,548 118,978 157,358 38,380 32.26% CUSTOMER INSTALLATION 4,428 5,849 7,542 3,508 6,110 5,093 6,484 1,391 27.30% OPERATIONS-MISCELLANEOUS 20,469 6,810 10,646 6,800 12,860 14,050 14,060 10 0.07% TRANSMISSION & DISTRIBUTION 48,853 39,132 53,678 57,672 45,782 49,241 52,261 3,020 6.13% MAINTENANCE-SERVICES 60,393 75,245 65,014 27,925 56,200 54,029 75,780 21,751 40.26% MAINTENANCE-HYDRANTS 12,299 14,395 18,440 6,112 14,070 20,704 25,762 5,058 24.43% METER READING 2,162 361 293 - 1,175 2,253 1,227 (1,026) (45.54%) RECORDS & COLLECTION 101,493 48,868 127,702 30,526 150,855 154,502 158,811 4,309 2.79% ADMINSTRATION & GENERAL 134,758 133,847 160,717 64,485 164,774 161,948 166,311 4,363 2.69% OFFICE SUPPLIES & EXPENSE 3,344 1,671 1,793 1,138 2,500 3,350 3,350 - 0.00% OUTSIDE SERVICES 12,085 15,012 14,075 14,940 15,000 15,000 15,000 - 0.00% PROPERTY INSURANCE & INJURY - DAMAGES13,049 13,239 13,304 14,448 13,300 13,300 13,300 - 0.00% FRINGE BENEFITS 61,009 71,660 73,221 38,596 65,405 70,822 57,616 (13,206) (18.65%) MISCELLANEOUS GENERAL EXPENSES 35,622 54,222 65,492 86,797 91,219 46,913 109,611 62,698 133.65% TRANSPORTATION EXPENSES 21,115 11,438 10,124 5,248 11,500 9,500 9,500 - 0.00% CAPITAL OUTLAY 15,880 19,296 32,083 245,899 520,400 535,000 705,000 170,000 31.78% DEBT SERVICE - LONG TERM DEBT 57,290 57,884 53,476 42,399 58,427 58,427 58,427 - 0.00% TOTAL EXPENDITURES 1,376,011 1,357,764 1,508,030 869,863 2,021,251 2,031,945 2,324,424 292,479 14.39% NET INCOME 222,523 54,746 96,732 1,330,290 602,247 593,553 315,767 10/16/2025 FUND 610 WATER-SUMMARY 2026 BUDGET WORKSHEET SEWER UTILITY FUND Actual Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year Current YTD YTD Current Request (Decrease)(Decrease) Account Description 2022 2023 2024 Actual Estimated 2025 2026 Budget % REVENUES CUSTOMER SERVICE REVENUES 2,177,855 2,149,701 2,122,820 1,632,354 2,167,304 2,167,304 2,163,472 (3,832) (0.18%) MISC REVENUES 77,918 158,526 410,889 146,838 1,417,520 1,367,395 2,699,195 1,331,800 97.40% TOTAL REVENUES 2,255,773 2,308,227 2,533,709 1,779,193 3,584,824 3,534,699 4,862,667 1,327,968 37.57% EXPENSES OPERATION PLANT 156,023 186,251 189,669 152,938 198,973 208,671 221,756 13,085 6.27% PROCESS CONTROL 65,544 69,476 68,002 42,979 76,150 78,917 87,151 8,234 10.43% SLUDGE DISPOSAL 80,138 64,440 73,682 60,588 65,000 65,250 100,250 35,000 53.64% COLLECTION SYSTEM 1,729 2,037 16,397 4,081 6,500 6,500 7,500 1,000 15.38% LIFT STATIONS 26,458 28,701 26,004 22,909 31,920 31,920 31,920 - 0.00% TRANSPORATION EQUIPMENT 9,854 8,767 9,443 4,494 8,500 10,640 10,640 - 0.00% MAINTENANCE OF BLDG & GROUNDS 30,939 17,983 25,541 11,587 25,981 27,081 26,134 (947) (3.50%) MAINTENANCE OF PLANT EQUIPMENT 119,826 121,418 134,549 87,729 121,806 128,650 140,416 11,766 9.15% MAINTENANCE OF COLLECTION SYSTEM 77,409 38,539 103,672 69,934 69,930 50,141 85,738 35,597 70.99% MAINTENANCE OF LIFT STATIONS 36,384 50,428 30,587 17,556 39,512 43,012 51,638 8,626 20.05% MAINTENANCE OF METERS 56,921 35,104 31,694 14,310 30,765 30,915 37,680 6,765 21.88% ACCOUNTING & COLLECTION 125,809 144,577 150,806 62,691 147,348 147,098 131,071 (16,027) (10.90%) METER READING 2,162 365 293 - 1,322 1,322 683 (639) (48.34%) GENERAL SUPERVISION & ENGINEERING 135,204 131,593 139,615 31,025 117,774 117,774 139,973 22,199 18.85% TAXES 255,841 256,101 256,088 - 256,000 256,000 256,000 - 0.00% PROP & LIAB: INS & BOND 34,966 35,510 35,695 37,675 36,000 36,000 36,000 - 0.00% OTHER GENERAL EXPENSE 20,225 23,553 32,098 21,007 27,430 27,430 27,574 144 0.52% FRINGE BENEFITS 50,968 60,447 70,610 47,821 49,269 49,269 51,229 1,960 3.98% DEPRECIATION 729,941 739,670 756,799 - 740,000 740,000 740,000 - 0.00% DEBT SERVICE COSTS 73,285 137,870 194,532 75,138 76,327 75,402 76,402 1,000 1.33% SEWER CAPITAL OUTLAY 374 245,824 6,596 828,971 1,291,900 1,261,000 2,802,800 1,541,800 122.27% TOTAL SEWER FUND EXPENSES 2,090,000 2,398,654 2,352,374 1,593,432 3,418,407 3,392,992 5,062,556 1,669,564 49.21% NET REVENUES OVER(UNDER) EXPENSES165,773 (90,427) 181,335 185,760 166,417 141,707 (199,889) 10/16/2025 FUND 620-SEWER UTILITY SUMMARY 2026 BUDGET WORKSHEET FUND 650 WAUPACA ONLINE UTILITY Actual Actual Actual 12/31/2025 Budget Budget Increase Increase Prior Year Prior Year Prior Year Current YTD YTD Current Request (Decrease) (Decrease) Account Description 2022 2023 2024 Actual Estimated 2025 2026 Budget % REVENUES SERVICE REVENUES 275,592 309,357 316,539 243,776 311,200 311,200 292,700 (18,500) (5.94%) MISCELLANEOUS 7,260 21,784 18,618 2,383 3,052 2,952 2,952 - 0.00% TOTAL REVENUES 282,852 331,142 335,157 246,159 314,252 314,152 295,652 (18,500) (5.89%) EXPENSES OPERATION EXPENSE 88,419 108,978 120,857 102,624 131,264 134,149 133,849 (300) (0.22%) ADMINISTRATION EXPENSE 47,918 53,898 57,605 36,881 60,691 59,096 61,736 2,640 4.47% SUPPLIES & SERVICES 105,522 97,476 97,049 63,979 89,616 93,180 95,380 2,200 2.36% GRANT EXPENSES - 13,568 - 123 678 - - - 0.00% TOTAL EXPENSES 241,859 273,919 275,511 203,607 282,249 286,425 290,965 4,540 1.58% NET REVENUES 46,221 53,604 59,646 42,552 32,003 27,727 4,687 (23,040) 11/5/2025 FUND 650 ONLINE SUMMARY TAXINCREMENTALDISTRICTS Distressed Donor TID As of 10/8/2025 City of Waupaca Tax Increment District No. 4 Cash Flow Proforma Analysis Assumptions Annual Inflation During Life of TID…………………………………………………………………………………………………………………1.00% 2024 Gross Tax Rate (per $1000 Equalized Value)………………………………………………………………………$17.31 Data above dashed line are actual DONOR TID Background Data Revenues Expenditures TID Status (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) Transfer to Admin/ Year End TIF District Inflation ConstructionTIF Increment Tax Tax Shared Total Transfers toTransfers toTransfers toAffordable Professional Combined Annual Cumulative Year Valuation Increment Increment Over Base Rate Revenue Revenue Revenues TID 8 TID 10 General FundHousing FundServices Expenditures Balance Balance Cost Recovery (January 1) (December 31) (December 31) (December 31) (3) (1) (1) (2) (2) (December 31) Base Value $2,901,600 $25,803,600 2024 $49,195,300 $3,926,100 $50,219,800$17.31 $742,914 $5,882 $748,796 $96,048 $7,382 $11,919 $115,349 $633,447 $3,059,396Per 2024 Audit 2024 2025 $53,121,400 $531,214 $50,751,014$17.31 $801,344 $801,344 $1,500,000 $11,920 $1,511,920 ($710,576)$2,348,820 2025 2026 $53,652,614 $536,526 $51,287,540$17.31 $869,305 $869,305 $1,400,000 $150,000 $1,550,000 ($680,695)$1,668,125 2026 2027 $54,189,140 $541,891 $51,829,432$17.31 $878,500 $878,500 $1,400,000 $150,000 $1,550,000 ($671,500) $996,625 2027 2028 $54,731,032 $547,310 $52,376,742$17.31 $887,787 $887,787 $1,300,000 $150,000 $1,450,000 ($562,213) $434,412 2028 2029 $55,278,342 $552,783 $52,929,525$17.31 $897,167 $897,167 $1,100,000 $150,000 $1,250,000 ($352,833) $81,580 2029 2030 $55,831,125 $558,311 $53,487,837$17.31 $906,641 $906,641 $800,000 $125,000 $925,000 ($18,359) $63,221 2030 2031 $56,389,437 $563,894 $54,051,731$17.31 $916,210 $916,210 $850,000 $100,000 $950,000 ($33,790) $29,431 2031 2032 $56,953,331 $569,533 $54,621,264$17.31 $925,874 $925,874 $850,000 $75,000 $925,000 $874 $30,305 2032 2033 $57,522,864 $575,229 $55,196,493$17.31 $935,635 $935,635 $900,000 $50,000 $950,000 ($14,365) $15,941 2033 2034 $58,098,093 $17.31 $945,494 $945,494 $900,000 $25,000 $925,000 $20,494 $36,435 2034 2035 $955,451 $955,451 $33,000 $25,000 $58,000 $897,451 $933,886Expenditures Recovered 2035 2036 $955,451 $955,451 $955,451 $955,451 $0 $933,886Expenditures Recovered 2036 $4,976,693$16,114,000 $11,617,776 $5,882$11,623,658 $11,096,048 $7,382 $33,000 $955,451 $1,023,839$13,115,720 Type of TID: Blight Elimination (1) Per Ehlers Report 2/2016. 2000 TID Inception (4/21/2000) 2022 Final Year to Incur TIF Related Costs (1) Under Distressed TID legislation, Industrial TIDs could receive tax increment from Donor TIDs until expenses are paid off. 2034 Maximum Legal Life of TID (27 Years + 7 Years as Donor to Distressed TID) Assumes transfers to TID #8 in the amount of the excess. 2035 Final Tax Collection Year if closed after 4/15/2034 (2) Per City 2036 1 Year Extension for Affordable Housing Fund (3) Per WI DOR Form PE-300 TID Annaul Report Prepared by Robert W. Baird & Co. Incorporated S:\Public Finance\municipalities\waupaca cy wi\tif\tif combined proformas\tif proforma39 (current status) combined waupaca cy upd 031622.xlsx /tjw 10/8/2025 Distressed Recipient TID As of 07/08/2025 City of Waupaca Tax Increment District No. 8 Cash Flow Proforma Analysis Assumptions Annual Inflation During Life of TID…………………………………………………………………………………………………………………1.00% 2024 Gross Tax Rate (per $1000 Equalized Value)………………………………………………………………………$17.31 Data above dashed line are actual RECIPIENT TID Background Data Revenues Expenditures TID Status (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (l) (m) (n) (o) (p) (q) (r) (s) (t) Transfer to Year End TIF District Inflation ConstructionTIF IncrementTax Tax Shared Transfers from Total Existing G.O. Affordable Transfer to Transfer to Transfer toTransfer to Admin Combined Annual Cumulative Year Valuation Increment Increment Over Base Rate Revenue Revenue TID 4 Revenues Debt Service Premier Housing FundGeneral FundDebt Service Water Sewer Expenses Expenditures Balance Balance Cost Recovery (January 1) (December 31) (December 31) (December 31) (4) (1) (3) (2) (2) (2) (2) (2) (2) (December 31) Base Value $1,772,600 New Base Value $1,698,400 $2,670,700 2024 $29,063,500 $3,503,400$30,868,500$17.31 $448,783 $4,256 $96,048 $549,087 $507,275 $2,128 $39,684 $549,087 $0 ($7,513,501)Per 2024 Audit 2024 2025 $32,566,900 $325,669 $31,194,169$17.31 $473,690 $4,256 $1,500,000$1,977,946 $507,500 $63,887 $37,009 $1,000,000 $2,500 $1,610,896 $367,050($7,146,451) 2025 2026 $32,892,569 $328,926 $31,523,095$17.31 $534,334 $4,256 $1,400,000$1,938,590 $37,009 $232,817 $1,000,000 $2,500 $1,272,326 $666,264($6,480,187) 2026 2027 $33,221,495 $332,215 $31,855,310$17.31 $539,971 $4,256 $1,400,000$1,944,227 $37,009 $232,293 $942,888 $500,000 $2,500 $1,714,690 $229,537($6,250,650) 2027 2028 $33,553,710 $335,537 $32,190,847$17.31 $545,665 $4,256 $1,300,000$1,849,921 $37,009 $241,290 $500,000 $2,500 $780,799 $1,069,122($5,181,529) 2028 2029 $33,889,247 $338,892 $32,529,739$17.31 $551,415 $4,256 $1,100,000$1,655,671 $250,558 $500,000 $2,500 $753,058 $902,613($4,278,915) 2029 2030 $34,228,139 $342,281 $32,872,021$17.31 $557,224 $4,256 $800,000 $1,361,480 $245,104 $500,000 $2,500 $747,604 $613,876($3,665,040) 2030 2031 $34,570,421 $345,704 $33,217,725$17.31 $563,090 $4,256 $850,000 $1,417,346 $229,936 $500,000 $2,500 $732,436 $684,910($2,980,130) 2031 2032 $34,916,125 $349,161 $33,566,886$17.31 $569,015 $4,256 $850,000 $1,423,271 $119,815 $500,000 $2,500 $622,315 $800,956($2,179,174) 2032 2033 $35,265,286 $352,653 $33,919,539$17.31 $574,999 $4,256 $900,000 $1,479,255 $95,733 $330,000 $2,500 $428,233 $1,051,022($1,128,152) 2033 2034 $35,617,939 $17.31 $581,043 $4,256 $900,000 $1,485,299 $330,000 $2,500 $332,500 $1,152,799 $24,646Expenditures Recovered2034 2035 $587,147 $4,256 $591,403 $10,000 $10,000 $581,403 $606,050Expenditures Recovered2035 2036 $587,147 $587,147 $587,147 $587,147 $0 $606,050Expenditures Recovered2036 $3,051,039$18,141,500 $7,113,522 $51,072 $11,096,048$18,260,642 $1,014,775 $66,015 $587,147 $148,036 $1,647,546$2,942,888$3,660,000 $74,684$10,141,091 Type of TID: Industrial 2001 TID Inception (6/19/2001) 2019 Final Year to Incur TIF Related Costs 2034 Maximum Legal Life of TID (23 Years + 10 Years as Distressed TID) 2035 Final Tax Collection Year if closed after 4/15/2034 (2) Per City. 2036 1 Year Extension for Affordable Housing Fund (3) Net of current refunding of 11/9/10 Bonds. Assumes TID #8 portions of 2018 Bonds dated 3/5/18 are Utiliy Enterprise supported. (4) Per WI DOR website Form PE-300 TID Annual Report Per 2024 Audit interfund advances pg. 53 (1) Under Distressed TID legislation, Industrial TIDs could receive tax increment from Donor TIDs until expenses are paid off. Prepared by Robert W. Baird & Co. Incorporated S:\Public Finance\municipalities\waupaca cy wi\tif\tif combined proformas\tif proforma39 (current status) combined waupaca cy upd 031622.xlsx /tjw 10/8/2025 TID # 10 Current Status As of 10/17/2025 City of Waupaca Tax Increment District No. 10 Cash Flow Proforma Analysis Assumptions Annual Inflation During Life of TID…………………………………………………………………………………………………………………1.00% 2024 Gross Tax Rate (per $1000 Equalized Value)………………………………………………………………………$17.31 Annual Adjustment to tax rate………………………………………………………………………………………………………………………0.00% Investment rate…………………………………………………………………………………………………………………….0.00% Data above dashed line are actual RECIPIENT TID Background Data Revenues TID Status (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (r) General Fund Transfers Year End TIF District Inflation ConstructionTIF IncrementTax Tax Transfers forTransfers from Shared Total BTS Developer Back to Transfers toProfessional Combined Annual Cumulative Year Valuation Increment Increment Over Base Rate Revenue Dev Incentive TID 4 Revenue Revenues Incentive TID 4 General Fund Services Expenditures Balance Balance Cost Recovery (January 1) (December 31) (December 31) (December 31) (1) (1) (1) (1) (December 31) Base Value $281,800 $2,746,200 2024 $4,735,900 $47,359 $204,700 $4,706,159$17.31 $62,165 $7,382 $1,304 $70,851 $53,025 $17,826 $70,851 $0 $0 Per 2024 Audit 2024 2025 $4,987,959 $49,880 $3,200,000 $7,956,039$17.31 $77,100 $100,000 $1,304 $178,404 $146,975 $10,500 $5,000 $162,475 $15,929 $15,929 2025 2026 $8,237,839 $82,378 $8,038,417$17.31 $81,464 $1,304 $82,768 $10,500 $15,000 $25,500 $57,268 $73,197 2026 2027 $8,320,217 $83,202 $8,121,619$17.31 $137,719 $1,304 $139,023 $10,500 $15,000 $25,500 $113,523 $186,720 2027 2028 $8,403,419 $17.31 $139,145 $1,304 $140,449 $10,500 $15,000 $25,500 $114,949 $301,669 2028 2029 $140,585 $1,304 $141,889 $190,000 $121,000 $15,000 $326,000 ($184,111) $117,558Expenditures Recovered 2029 $262,819 $3,404,700 $638,178 $100,000 $7,382 $7,824 $753,384 $200,000 $190,000 $163,000 $82,826 $635,826 Type of TID: Blight Elimination 2001 TID Inception (6/19/2001) 2023 Final Year to Incur TIF Related Costs (1) Per City 2028 Maximum Legal Life of TID (27 Years) BTS Development Group Apartment project 2029 Final Tax Collection Year if closed after 4/15/2028 Estimated transfer back to TID 4 Expenditures Prepared by Robert W. Baird & Co. Incorporated S:\Public Finance\municipalities\waupaca cy wi\tif\tif combined proformas\tif proforma (current status) combined waupaca cy.xlsx /amr 10/17/2025 TID # 11 Current Status As of 8/11/2025 City of Waupaca Tax Increment District No. 11 Cash Flow Proforma Analysis Overall Proforma Assumptions Annual Inflation During Life of TID…………………………………………………………………………………………………………………1.00% 2024 Gross Tax Rate (per $1000 Equalized Value)………………………………………………………………………$17.31 Annual Adjustment to tax rate………………………………………………………………………………………………………………………0.00% Investment rate…………………………………………………………………………………………………………………….0.00% Data above dashed line are actual Background Data Revenues TID Status (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) (n) (o) Sale PAYGO Year End TIF District Inflation ConstructionTIF IncrementTax Tax of Investment Total Payment to Admin Combined Annual Cumulative Year Valuation Increment Increment Over Base Rate Revenue Property Proceeds Revenues Developer Expenses Expenditures Balance Balance Cost RecoveryYear (January 1) (1) (2) (December 31) Base Value $12,361,300 2024 $15,788,700 $3,017,800 $6,445,200$17.31 $60,890 $4,142 $0 $65,032 $26,420 $26,420 $38,612 $31,056Per 2024 Audit 2024 2025 $18,806,500 $188,065 $6,610,000$13,243,265$17.31 $59,328 $4,142 $0 $63,470 $30,000 $30,000 $33,470 $64,526 2025 2026 $25,604,565 $256,046 $5,610,000$19,109,311$17.31 $111,566 $4,142 $0 $115,708 $86,674 $30,000 $116,674 ($965) $63,561 2026 2027 $31,470,611 $314,706 $5,610,000$25,034,017$17.31 $229,241 $4,142 $0 $233,383 $177,475 $30,000 $207,475 $25,908 $89,469 2027 2028 $37,395,317 $373,953 $3,366,000$28,773,970$17.31 $330,782 $4,142 $0 $334,924 $268,276 $30,000 $298,276 $36,648 $126,116 2028 2029 $41,135,270 $411,353 $1,836,000$31,021,323$17.31 $433,339 $4,142 $0 $437,481 $359,078 $30,000 $389,078 $48,403 $174,520 2029 2030 $43,382,623 $433,826 $31,455,149$17.31 $498,077 $4,142 $0 $502,219 $413,558 $30,000 $443,558 $58,661 $233,181 2030 2031 $43,816,449 $438,164 $31,893,313$17.31 $536,979 $4,142 $0 $541,121 $443,275 $30,000 $473,275 $67,846 $301,027 2031 2032 $44,254,613 $442,546 $32,335,859$17.31 $544,489 $4,142 $0 $548,631 $443,275 $30,000 $473,275 $75,356 $376,383 2032 2033 $44,697,159 $446,972 $32,782,831$17.31 $552,073 $4,142 $0 $556,215 $443,275 $30,000 $473,275 $82,940 $459,323 2033 2034 $45,144,131 $451,441 $33,234,272$17.31 $559,734 $4,142 $0 $563,876 $443,275 $30,000 $473,275 $90,601 $549,924 2034 2035 $45,595,572 $455,956 $33,690,228$17.31 $567,471 $4,142 $0 $571,613 $443,275 $30,000 $473,275 $98,338 $648,261 2035 2036 $46,051,528 $460,515 $34,150,743$17.31 $575,285 $4,142 $0 $579,427 $443,275 $30,000 $473,275 $106,152 $754,414 2036 2037 $46,512,043 $465,120 $34,615,864$17.31 $583,178 $4,142 $0 $587,320 $443,275 $30,000 $473,275 $114,045 $868,458 2037 2038 $46,977,164 $469,772 $35,085,635$17.31 $591,149 $4,142 $0 $595,291 $443,275 $30,000 $473,275 $122,016 $990,475 2038 2039 $47,446,935 $474,469 $35,560,105$17.31 $599,201 $4,142 $0 $603,343 $443,275 $30,000 $473,275 $130,068 $1,120,542 2039 2040 $47,921,405 $479,214 $36,039,319$17.31 $607,332 $4,142 $0 $611,474 $443,275 $30,000 $473,275 $138,199 $1,258,742Expenditures Recovered2040 2041 $48,400,619 $484,006 $36,523,325$17.31 $615,545 $4,142 $0 $619,687 $443,275 $30,000 $473,275 $146,412 $1,405,154Expenditures Recovered2041 2042 $48,884,625 $17.31 $623,841 $4,142 $0 $627,983 $581,283 $30,000 $611,283 $16,700 $1,421,854Expenditures Recovered2042 2043 $632,219 $4,142 $0 $636,361 $0 $636,361 $2,058,215Expenditures Recovered2043 $7,046,125$26,159,000 $9,311,720 $82,840 $0 $9,401,838 $6,762,369 $572,332 $7,334,701 Type of TID: Mixed-Use 2022 TID Inception (5/3/2022) (1) Increment per City Estimates 2037 Final Year to Incur TIF Related Costs (2) PayGo incentive related to Tycore project 2042 Maximum Legal Life of TID (20 Years) 2043 Final Tax Collection Year Expenditures Prepared by Robert W. Baird & Co. Incorporated S:\Public Finance\municipalities\waupaca cy wi\tif\tif 11\Proformas\tif11 proforma 010524_Tycore overall 4 nan pos.xlsx /tjw 8/11/2025 TID # 12 Current Status As of 10/17/2025 City of Waupaca Tax Increment District No. 12 Cash Flow Proforma Analysis Assumptions Annual Inflation During Life of TID…………………………………………………………………………………………………………………1.00% 2024 Gross Tax Rate (per $1000 Equalized Value)………………………………………………………………………$17.31 Annual Adjustment to tax rate………………………………………………………………………………………………………………………0.00% Investment rate…………………………………………………………………………………………………………………….0.00% Data above dashed line are actual Background Data Revenues TID Status (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) Year End TIF District Inflation ConstructionTIF IncrementTax Tax Total Admin Combined Annual Cumulative Year Valuation Increment Increment Over Base Rate Revenue Revenues Expenses Expenditures Balance Balance Cost RecoveryYear (January 1) (1) (December 31) Base Value $818,600 2024 $854,500 $130,900 $166,800$17.31 $2,015 $2,015 $2,476 $2,476 ($461) ($10,211)Per 2024 Audit 2024 2025 $985,400 $9,854 $176,654$17.31 $621 $621 $2,000 $2,000 ($1,379) ($11,590) 2025 2026 $995,254 $9,953 $186,607$17.31 $2,887 $2,887 $2,000 $2,500 $387 ($11,202) 2026 2027 $1,005,207 $10,052 $196,659$17.31 $3,058 $3,058 $2,000 $2,500 $558 ($10,644) 2027 2028 $1,015,259 $10,153 $206,811$17.31 $3,230 $3,230 $2,000 $2,500 $730 ($9,914) 2028 2029 $1,025,411 $10,254 $217,065$17.31 $3,404 $3,404 $2,000 $2,500 $904 ($9,010) 2029 2030 $1,035,665 $10,357 $227,422$17.31 $3,580 $3,580 $2,000 $2,500 $1,080 ($7,930) 2030 2031 $1,046,022 $10,460 $237,882$17.31 $3,757 $3,757 $2,000 $2,500 $1,257 ($6,673) 2031 2032 $1,056,482 $10,565 $248,447$17.31 $3,937 $3,937 $2,000 $2,500 $1,437 ($5,236) 2032 2033 $1,067,047 $10,670 $259,117$17.31 $4,118 $4,118 $2,000 $2,500 $1,618 ($3,618) 2033 2034 $1,077,717 $10,777 $269,895$17.31 $4,301 $4,301 $2,000 $2,500 $1,801 ($1,818) 2034 2035 $1,088,495 $10,885 $280,780$17.31 $4,485 $4,485 $2,000 $2,500 $1,985 $168Expenditures Recovered2035 2036 $1,099,380 $10,994 $291,773$17.31 $4,672 $4,672 $2,000 $2,500 $2,172 $2,339Expenditures Recovered2036 2037 $1,110,373 $11,104 $302,877$17.31 $4,860 $4,860 $2,000 $2,500 $2,360 $4,700Expenditures Recovered2037 2038 $1,121,477 $11,215 $314,092$17.31 $5,051 $5,051 $2,000 $2,500 $2,551 $7,250Expenditures Recovered2038 2039 $1,132,692 $11,327 $325,419$17.31 $5,243 $5,243 $2,000 $2,500 $2,743 $9,993Expenditures Recovered2039 2040 $1,144,019 $11,440 $336,859$17.31 $5,437 $5,437 $2,000 $2,500 $2,937 $12,930Expenditures Recovered2040 2041 $1,155,459 $11,555 $348,414$17.31 $5,633 $5,633 $2,000 $2,500 $3,133 $16,063Expenditures Recovered2041 2042 $1,167,014 $17.31 $5,831 $5,831 $2,000 $2,500 $3,331 $19,394Expenditures Recovered2042 2043 $6,031 $6,031 $0 $6,031 $25,425Expenditures Recovered2043 $181,614 $166,800 $82,151 $82,151 $48,226 $56,726 Type of TID: Mixed-Use 2022 TID Inception (5/3/2022) (1) Increment per City Estimates. 2037 Final Year to Incur TIF Related Costs 2042 Maximum Legal Life of TID (20 Years) 2043 Final Tax Collection Year Expenditures Prepared by Robert W. Baird & Co. Incorporated S:\municipalities\waupaca cy wi\tif\tif 11\Proformas\tif11 proforma (project plan) v2.xlsx 10/17/2025 2025-2026CAPITALIMPROVEMENTPLANS Recap of 2025-2026 G.O. Bond Projects • T Hanger Storage Building (Airport) In progress, will be completed 2026 • Cemetery Mower Replacement (Parks) Completed within budget in 2025 • South Park Lift Station Replacement (Parks) Completed within budget in 2025 • Replace Irrigation Controller at Swan Park (Parks) Completed within budget in 2025 • Rec Center Boiler Replacement (Parks) Completed within budget in 2025 • 2 Patrol Squads (PD) Completed within budget in 2025 • Professional Planning Services (Comm Development) Completed within budget in 2025 • Pedestrian Footbridge Planning and Design (Pubic Works) In progress – 30% Design phase • Fulton Street Planning and Design (Public Works) In progress – 30% Design phase • Elm Street Reconstruction (Public Works) In progress – 96% Construction phase • Seal Coat Roads Maintenance Program (Public Works) Will begin in 2026 • Replace Plow Truck (Public Works) Completed within budget in 2025 • Replace Mower (Public Works) Completed within budget in 2025 • Annual Computer Replacements (IT) Completed in 2025, in progress 2026 • Update Adobe Acrobat Program (IT) Completed within budget 2025 • General Government Server Replacement (IT) Will begin in 2026 Capital projects to be funded by Sewer Revenue Bonds in 2025-2026: • Bowlby Lift Station Design and Reconstruction In progress – 90% Design, 10% Const. • Activate Sludge Slide Gates In progress – 50% Construction • Elm Street Project Sewer In progress – 99% Construction • Mower (1/3 PW share) Completed within budget in 2025 Capital projects to be funded by Water Reserve Funds in 2025-2026: • Leak Location In progress • Cross Connection Control In progress • Elm Street Project Water In progress – 90% Construction • Bowlby Lift Station (Water Main Loop) In progress – 90% Construction • 660 Hillcrest Re-Alignment Not yet started • Mower (1/3 PW Share) Completed within budget in 2025 City capital projects are currently trending within budgeted amounts. As mentioned at our last Committee of the Whole meeting, our next planned borrow will be in 2027 so we will have a more thorough CIP budget workshop next year to review the capital projects being considered.