Public Budget Hearing — Agenda

NOTICE OF PUBLIC BUDGET HEARING FOR TOWN OF GIBSON, MANITOWOC COUNTY Notice is hereby given that on Monday, October 26, 2026 at 6:30 p.m. at the Gibson Town Hall a PUBLIC HEARING on the PROPOSED 2027 BUDGET of Town of Gibson will be held. The proposed budget in detail is available for inspection by contacting the town clerk/treasurer at 920-973-2212 to schedule an appointment. The following is a summary of the proposed 2027 budget. BUDGET SUMMARY FOR TOWN OF GIBSON 2026 2027 % Change REVENUES: TAXES - GENERAL LEVY 381,079 458,742 20.38% SPECIAL ASSESSMENTS 0 0 0.00% INTERGOVERNMENTAL REVENUES 378,927 1,325,324 249.76% LICENSES AND PERMITS 2,580 2,480 -3.88% FINES, FORFEITURES, PENALTIES 0 0 0.00% PUBLIC CHARGES FOR SERVICES 12,000 12,000 0.00% OTHER FINANCIAL SOURCES 0 0 0.00% MISCELLANEOUS REVENUE 33,550 30,875 -7.97% APPLIED FUND BALANCE 0 406,848 ______ TOTAL REVENUES 808,136 2,236,269 176.72% EXPENDITURES: GENERAL GOVERNMENT 143,340 117,406 -18.09% PUBLIC SAFETY 220,000 299,000 35.91% PUBLIC WORKS 436,796 1,811,863 314.81% CONSERVATION AND DEVELOPMENT 2,000 2,000 0% DEBT SERVICE 0 0 0.00% CULTURE, RECREATION & EDUCATION 0 0 0.00% CAPITAL OUTLAY 0 0 0.00% HEALTH AND HUMAN SERVICES 6,000 6,000 0.00% OTHER FINANCING USES 0 0 0.00% TOTAL EXPENDITURES 808,136 2,236,269 176.72% ALL GOVERNMENTAL & PROPRIETORY FUNDS Property Tax Contribution Beginning Fund Balance 1,726,867 1,726,867 Ending Fund Balance 1,726,867 1,320,019 $ 458,742 Town anticipates receiving Agricultural Roads Improvement Program (ARIP) grant funds in the amount of $940,215.67 for the Jambo Creek/Hillview Road project in 2027. This amount is shown on the Intergovernmental Revenue line as a receipt and on the Public Works line as an expenditure. The Town portion of the ARIP project of $406,848 will be funded with fund balance applied and is included in the Public Works line as an expenditure.