JRB (Joint Review Board) — Agenda packet

BUILDING COMMUNITIES. IT’S WHAT WE DO. September 11, 2025 ANNUAL TAX INCREMENTAL DISTRICT REPORT FOR: Village of Cameron, Wisconsin Tax Incremental District No. 1 Prepared by: Ehlers 3001 Broadway Street, Suite 320 Minneapolis, MN 55413 Annual TID Report for Village of Cameron, WI Tax Incremental District No. 1 1 Annual Tax Incremental District Report Village of Cameron , Wisconsin Tax Incremental District No. 1 Purpose: State law requires municipalities with an active Tax Incremental District (TID) to electronically file an Annual Report for each TID by July 1 of each calendar year. This is a summary of that filing to be used at the annually required meeting of the standing Joint Review Board. District Summary: Tax Incremental District No. 1 (“District”) was created on August 8, 2005 as a mixed-use district. The District has not been amended but the Joint Review Board approved extending TID No. 1 in 2020 to allow for an additional three years due to 2013 Wisconsin Act 145. The Act reduced local property taxes for tech colleges and consequently reduced tax increment district revenues throughout the state. The TID’s expenditure period ended on August 8, 2020 and has a mandatory termination date of August 8, 2028. The Village will seek to close the District in 2026 to receive a final year of increment in 2027. There are outstanding payments due on the 2020 Bonds, however the Village may prepay these beginning in October 2026. Background Data: Base Value Incremental Value (as of January 1, 2025) Year End Cash Balance (2024) Projected Closure (based on current cash flow*) Original Projected Closure** $2,317,500 $22,010,900 $926,698 2026 2029 * The projected closure year identified is based on current cash flow projections only. ** Reflects the projected closure date at the time of TID creation, or most recent Project Plan amendment. Annual TID Report for Village of Cameron, WI Tax Incremental District No. 1 2 Joint Review Board Action: Resolution acknowledging filing of Annual TID Report and compliance with annual meeting requirements. Attachments: • TID Boundary Map • TID Cash Flow Projection (Detail) • State Submittal (DOR Form PE -300) For Discussion Only Village of Cameron, WI Tax Increment Forecast TID No. 1 District Classification Mixed-Use 2024 Audit Balance: 926,695 Creation Year 2005 Vouchers Payable: Creation Date 8/8/2005 End of Expenditure Period 8/8/2020 Estimated Cash Balance: 926,695 Maximum Life of District (Final Year w_extension) 8/8/2028 Callable Callable Final Revenue Year 2029 4/1/2024 12/1/2026 End of 2016 2020 Year Total G.O. G.O. Total Construction Valuation Revenue Prior Yea r TID Value Projected Other Projected Prom. Note Prom. Note Other Projected Annual Cumulativ e Principal Year Year Year Correction Incremen t Tax Rate Tax Revenu e Revenues Revenue $1,305,000 $1,690,000 Expenses Expenses Balance Balance Outstanding 2022 2023 2024 - - - - 926,695 1,145,000 2023 2024 2025 26,944,100 16.14 434,916 434,916 107,710 198,600 2,500 308,810 126,106 1,052,801 860,000 2024 2025 2026 22,010,900 16.14 355,287 355,287 110,935 195,000 2,500 308,435 46,852 1,099,653 570,000 2025 2026 2027 2,584,500 24,595,400 16.14 397,005 397,005 196,400 2,500 198,900 198,105 1,297,758 385,000 2026 2027 2028 - 24,595,400 16.14 397,005 397,005 197,700 2,500 200,200 196,805 1,494,563 195,000 2027 2028 2029 - 24,595,400 16.14 397,005 397,005 198,900 2,500 201,400 195,605 1,690,168 - Notes: 1) This forecast does not account for any growth in TID No. 1 or change in the tax rate. 2) TID 1 balance sheet also includes $178,701 in Land Held for Resale. YEAR REVENUE EXPENSES BALANCE Prepared by Ehlers 9/5/2025 WI Dept of Revenue TID Annual Report Form PE-300 2024 Section 1 – Municipality and TID Co-muni code Municipality County Due date Report type TID number TID type TID name Creation date Mandatory termination date Anticipated termination date Section 2 – Beginning Balance Amount TID fund balance at beginning of year 03111 CAMERON BARRON 07/01/2025 ORIGINAL 001 6 TID 1 08/08/2005 08/08/2028 09/08/2025 $1,071,299 Section 3 – Revenue Amount Tax increment Investment income Debt proceeds Special assessments Shared revenue Sale of property Allocation from another TID $384,713 $13,021 TID number Developer guarantees Developer name Transfer from other funds Source Grants Source Other revenue Source Total Revenue (deposits) $397,734 Page of 1 4 WI Dept of Revenue TID Annual Report Form PE-300 2024 Section 4 – Expenditures Amount Capital expenditures Administration Professional services Interest and fiscal charges DOR fees Discount on long-term debt Debt issuance costs Principal on long-term debt Environmental costs Real property assembly costs Allocation to another TID $874 $26,438 $280,000 TID number Developer grants Developer name None $0 Transfer to other funds Fund Other expenditures Name Development - Land Purchase $56,325 Total Expenditures $363,637 Section 5 – Ending Balance Amount TID fund balance at end of year Future costs Future revenue Surplus or deficit $1,105,396 $1,200,000 $940,000 $845,396 Page of 2 4 WI Dept of Revenue TID Annual Report Form PE-300 2024 Current Year TID New Construction Values TID TID New Construction Increase TID New Construction Decrease Prior Year Correction TID Net New Construction (NNC) Section 6 – TID New Construction 001 $525,600 $0 $0 $525,600 Total $525,600 $0 $0 $525,600 Current Year Allowable Levy Increase Attributable to TID NNC TID TID Net New Construction Prior Year Municipal Equalized Value TID Net New Construction % Prior Year Adjusted Actual Levy Allowable Levy Increase Attributable to TID Net New Construction 001 $525,600 $170,174,600 0.31 $583,453 $1,809 Total $525,600 $170,174,600 0.31 $583,453 $1,809 Current Year Actual TID NNC Impact to Municipal Levy Levy Increase Attributable to TID Net New Construction Increase per $100,000 $0 $0 Historical Allowable Levy Increase Attributable to TID NNC Year TID TID Net New Construction TID Net New Construction % Allowable Levy Increase Attributable to TID Net New Construction Prior Year Adjusted Actual Levy Prior Year Municipal Equalized Value 2023 001 $0 $154,952,100 0.00 $581,227 $0 2023 Total $0 $154,952,100 0.00 $581,227 $0 Page of 3 4 WI Dept of Revenue TID Annual Report Form PE-300 2024 Section 7 – Contact Information Contact name Contact title Contact email Contact phone Ardith Story Clerk-Treasurer (715) 458-2117astory@cameronwi.gov Page of 4 4