Annual Town Meeting Agenda Packet - 2026

MEETING DATE TIME LOCATION Annual Town Meeting Tuesday, April 21, 2026 6:30 p.m. Board Room 1900 W. Grand Chute Blvd. Livestream the meeting on YouTube at: https://www.youtube.com/@townofgrandchute2739/streams A. CALL TO ORDER B. PLEDGE OF ALLEGIANCE C. MINUTES 1. Approval of Annual Town Meeting Minutes from April 15, 2025. D. FINANCIAL REPORT 1. Annual Financial Report. E. PUBLIC COMMENT PERIOD Members of the public interested in speaking at the Annual Town Meeting will be limited to five minutes. F. TOWN BUSINESS This portion of the meeting is reserved for motions, seconds, and discussion related to matters authorized by statute. 1. ELR-01-2026 A Resolution of the Electors of the Town of Grand Chute setting the Elected Officials Salaries for the 2027-2029 and 2028-2030 Terms for Town Board Supervisor and Town Chair. G. ADJOURNMENT Mark your calendars for the 2027 Annual Town Meeting: April 20, 2027 at 6:30 p.m. Notice of Possible Quorum: A quorum of the Town Board, Sanitary Districts, Plan Commission, Board of Review, Licensing Committee, Parks Commission, Community Development Authority, Joint Review Board, Zoning Board of Appeals and/or Police and Fire Commission may be present at this meeting. However, unless otherwise noted in this agenda, no official action by the Town Board Sanitary Districts, Plan Commission, Board of Review, Licensing Committee, Parks Commission, Joint Review Board, Zoning Board of Appeals and/or Police and Fire Commission will be taken at this meeting. Page 1 of 33 ANNUAL MEETING MINUTES – TOWN OF GRAND CHUTE - 1900 GRAND CHUTE BLVD. – APRIL 15, 2025 The Annual Town Meeting was called to order at 6:32 p.m. by Jason Van Eperen, presiding officer. PLEDGE OF ALLEGIANCE The Pledge of Allegiance was led by Jason Van Eperen. STAFF PRESENT Richard Downey, Town Administrator; Mike Patza, Community Development Director; Greg Peterson, Police Chief; Kayla Raatz, Town Clerk; Tom Watson, Finance Director; Brent Braun, Information Technology Director; Sue Brinkman, Human Resources Director; Jordan Jolma, Public Works Director; Steve Denzien, Fire Chief; Nick Vande Hey, McMahon Engineer; Attorney Andy Rossmeissl, Herrling Clark Law. See sign-in sheets for residents and non-residents in attendance MINUTES Minutes of the Annual Meeting – April 16, 2024. Motion (Mark Heling/Ron Torrance) to approve the minutes from April 16, 2024. Motion carried by voice vote. FINANCIAL REPORT Annual Financial Report. Finance Director Watson provided a summary of the financial report. Motion (Ron Torrance/Walt Nocito) to accept the financial report. Motion carried by voice vote. PUBLIC COMMENT PERIOD The following individuals spoke on various matters: Mary Klasen, 4510 W. Red Tamarack Court Rex Kessler, 343 W. Capitol Drive Jim Krueger, 1700 S. Casaloma Drive Patti Clark-Stojke, 4824 W. Jack Pine Court Rhonda Uschan, 3755 N. Wayside Lane TOWN BUSINESS There was no Town business brought forward. ADJOURNMENT Motion (Mark Heling/John Lyons) to adjourn. Motion carried by voice vote. The meeting adjourned at 6:51 p.m. These minutes were taken at a regular meeting held on April 15, 2025 and entered in this record book April 18, 2025 by: __________________________ Kayla Raatz, Town Clerk Town of Grand Chute Initial Draft Page 2 of 33 Page 1 of 3 TOWN ANNUAL MEETING AGENDA MEMORANDUM MEETING DATE: April 21, 2026 FROM: Hailey Palmquist, Finance Director RE: Annual Meeting Financial Report TYPE: New Business Background Information: Presented herewith is the Annual Financial Report and Schedule of Outstanding Debt for fiscal year ending December 31, 2025. These statements are unaudited. Here are some observations for the major funds: General Fund The Town’s main operating fund closed the year with a surplus, increasing from $10.28 million at the end of FY2024 to an estimated $11.56 million at the end of FY2025. This reflects an operating surplus of approximately $1.28 million. General Fund revenues exceeded budget by roughly $317,000, driven primarily by stronger‑than‑expected ambulance service revenues, room tax, building permits, and investment earnings. On the expenditure side, total General Fund spending came in nearly $1 million below budget. While many departments contributed to the positive variance, the largest savings were in General Government and Parks and Recreation. Public Safety departments managed high service demand; Fire and Ambulance expenditures reflect inflationary pressures and operational needs. Capital Project Fund The Town invested approximately $6.4 million in capital projects this year, with more than half dedicated to street improvements. An additional $1.1 million supported park enhancements. Another larger purchase includes a new fire engine ladder truck. While no debt was issued in 2025, the Town did issue $36 million in general obligation notes in early 2026. The fund balance reflects the intentional use of cash ahead of planned 2026 borrowing, consistent with project timing and the Town’s capital improvement schedule. Debt Service Fund The Town did not issue any new debt in FY2025 so debt service was devoted to existing debt issued in or before 2024. The debt service fund again ended the year with a healthy fund balance as projected so a portion of that fund balance will be applied to FY2026 debt service in order to free up levy capacity for other uses. Special Revenue Funds Special Revenue Funds finished the year at a combined 206 percent of budgeted revenues with a total combined surplus of $98,700. These funds capture revenue sources that are restricted for specific purposes. Interest income performed well across all funds, and the Park Impact Fee Fund saw higher-than-expected revenues driven by park rental activity. Fire Impact fees came in higher than expected which corresponds with the higher-than-expected building permit revenue. The Public Services Special Revenue Fund also exceeded expectations due to additional grant revenue and Page 3 of 33 Page 2 of 3 donations. Expenditures were slightly higher than budgeted, which aligned with the increase in grant- and donation-funded activity. Special Assessment Fund The Special Assessment Fund decreased to $3.31 million following scheduled transfers supporting debt service, but remains sufficient for its obligations. Tax Increment Districts The Town has five active tax increment districts (TIDs) in various stages of their life cycles: TID#1 (Warner Electric Property), ended the year with a surplus and made a budgeted transfer back to the General Fund as partial repayment of an advance from that fund. TID#2, an area bounded by the railroad tracks east of Town Hall to Hwy 47 on the east, I-41 on the south and Evergreen Drive on the north, including Galaxy Drive, had a smaller than expected deficit as the Town made infrastructure improvements and debt service payments in this still developing district. The TID issued debt in early 2026 for the planned public infrastructure. TID#3, an area bounded by Wisconsin Avenue on its southern border, straddling I-41 and most prominently includes the WG&R development, realized a smaller than budgeted deficit due to relatively strong increment. Infrastructure improvements are budgeted for 2026. TID#4, an area including the Champion Center and Holiday Inn saw over $2 million of Town infrastructure improvements to date. TID#4 had a smaller than budgeted deficit, however, it is early in its life cycle so it will be some time before it generates a positive fund balance. TID#5, an area of approximately 117 acres, located south of Michaels Dr and north of W Grande Market Dr. The district was created to develop public infrastructure and create incentives for multi-family residential development, a potential community based residential facility, and commercial development. The TID issued debt in early 2026 to begin the development of the public infrastructure. Utility Funds The Water Utility generated another operating surplus this year with a +$600,000 surplus. A rate study is planned for 2026 to evaluate whether the Utility’s rate of return aligns with industry norms and to confirm that it can sustain an appropriate fund balance while funding ongoing infrastructure repairs and maintenance. The Sewer Utility closed the year with a modest operating surplus at +$675,000. The 2026 debt issuance included reimbursement for prior sewer infrastructure investments. The scheduled rate study will evaluate the Utility’s rate of return and verify that it can sustain an appropriate fund balance. The Storm Water Utility’s operating surplus of +$3.19 million allows this utility to self-fund capital improvements. The Sanitary Districts continue to demonstrate strong cost control, stable rate structures, and solid operating performance. Updated rate studies will evaluate whether adjustments are needed to maintain financial strength and ensure adequate funding for ongoing infrastructure maintenance and repairs Page 4 of 33 Page 3 of 3 Conclusion Overall, the Town concluded FY2025 in a strengthened financial position compared to FY2024. The General Fund experienced continued growth in reserves due to favorable revenue performance and well-managed expenditures. Most major funds performed better than budgeted, capital investments continued at a planned pace, and utility operations remained stable with positive operating results. The debt issued in early 2026 will support ongoing infrastructure needs, and upcoming rate studies will help ensure long-term sustainability for the Water and Sewer Utilities. As the Town continues to grow and invest in public services, maintaining responsible financial management and forward-looking planning will remain key priorities. Fiscal Impact: N/A. Recommended Action: No action required. Attachments: Town of Grand Chute Annual Report. Page 5 of 33 BEGINNING FUND BALANCE PER AUDIT JAN 1, 2025 $10,279,914 PLUS: ESTIMATED REVENUES - FY 2025 11,185,532 ESTIMATED TAX LEVY - FY 2025 13,916,835 TOTAL REVENUES - FY 2025 25,102,367 LESS: ESTIMATED EXPENDITURES - FY 2025 23,818,134 OPERATING SURPLUS (DEFICIT) - 2025 1,284,232 ESTIMATED ENDING FUND BALANCE DEC 31, 2025 $11,564,146 TOWN OF GRAND CHUTE GENERAL FUND GENERAL FUND BALANCE PROJECTION FISCAL YEAR 2025 (UNAUDITED) Page 6 of 33 2025 2025 AMENDED ESTIMATED % 2026 ACCOUNT REVENUE TYPES BUDGET YEAR END OF BUDGET BUDGET 35 - TAXES (14,367,515) (14,487,169) 100.83% (14,684,557) 41110 - Property Taxes (13,916,832) (13,916,835) 100.00% (14,204,174) 41111 - Omitted Taxes - (4,206) 0.00% - 41150 - Managed Forest Tax (783) (786) 100.33% (783) 41210 - Hotel Room Tax - Town (430,000) (556,486) 129.42% (460,000) 41320 - Payment in Lieu of Taxes (1,900) (2,030) 106.86% (1,900) 41801 - Use Value Penalty (3,000) - 0.00% (2,700) 41900 - Rescinded or Refunded Taxes (15,000) (6,826) 45.51% (15,000) 36 - STATE SHARED REVENUE (1,480,880) (1,501,582) 101.40% (1,519,478) 43410 - State Shared Revenue (849,146) (866,106) 102.00% (891,922) 43411 - Expenditure Restraint Program (4,179) (4,179) 100.01% - 43415 - Personal Property Aid (507,907) (507,908) 100.00% (507,908) 43430 - Exempt Computer Aid (106,168) (106,168) 100.00% (106,168) 43521 - State Aid - Training (12,480) (11,520) 92.31% (12,480) 43690 - Other State Payments (1,000) (1,000) 100.00% (1,000) 43710 - Highway and Bridge Aids - (4,700) 0.00% - 40 - LICENSES - CLERK (95,000) (100,426) 105.71% (106,000) 44100 - Operator License - Bartender (45,000) (43,040) 95.65% (48,000) 44101 - Liquor License (50,000) (57,385) 114.77% (58,000) 42 - PERMITS - INSPECTION (255,500) (355,942) 139.31% (288,000) 44300 - Building Permits (252,500) (355,467) 140.78% (285,000) 44303 - DPW Building Permits & Fees (2,500) - 0.00% (2,500) 46223 - Tent Inspection Permit (500) (475) 95.00% (500) 45 - GENERAL FEES (333,205) (317,788) 95.37% (332,005) 44102 - Cable TV Franchise Fees (215,000) (187,868) 87.38% (210,000) 44103 - Misc. Pawn, 2nd Hand, Taxi (1,500) (669) 44.57% (900) 44104 - Hotel License (6,000) (6,435) 107.25% (6,500) 44105 - Video Service Provider Aid (58,340) (58,338) 100.00% (58,340) 44200 - Dog License (3,100) (321) 10.35% (3,000) 44201 - Nonbusiness License-Special Event (1,500) (1,595) 106.33% (1,000) 44202 - Nonbusiness License/Permits (750) (628) 83.73% (250) 44901 - Property Record Mgmt Fee (23,000) (30,400) 132.17% (27,000) 46100 - Gen Govt Fees (24,000) (30,515) 127.15% (24,000) 46101 - Gen Govt Fees-Taxable (15) (19) 125.00% (15) 48203 - Pole Attachment Rent Revenue - (1,000) 0.00% (1,000) 46 - PUBLIC SAFETY FEES (1,335,880) (2,264,857) 169.54% (1,886,510) 44900 - Fire Burning Permits (400) (350) 87.50% (400) 45100 - Court Forfeitures & Cost (400,000) (308,812) 77.20% (390,000) 45101 - Parking Tickets (25,000) (13,969) 55.88% (21,500) 45210 - Ambulance Fees (720,000) (1,763,776) 244.97% (974,350) 45212 - Federal GEMT Aid - - 0.00% (303,280) 45221 - Judgments for Police (4,000) (5,382) 134.56% (4,000) TOWN OF GRAND CHUTE GENERAL FUND GENERAL FUND REVENUES FISCAL YEAR 2025 (UNAUDITED) Page 7 of 33 2025 2025 AMENDED ESTIMATED % 2026 ACCOUNT REVENUE TYPES BUDGET YEAR END OF BUDGET BUDGET 45223 - Police Seizures & Forfeitures - (12) 0.00% - 46211 - PS Copies & Fingerprinting (2,580) (4,257) 165.00% (2,800) 46212 - Police Contracted Services (33,500) (56,871) 169.77% (33,500) 46213 - Police Abandon Vehicle (15,000) (17,292) 115.28% (15,000) 46214 - Police False Alarms (25,000) (25,500) 102.00% (26,500) 46221 - Fire Protection Systems Fee (2,500) (4,175) 167.00% (2,500) 46224 - Firework Permits (1,400) (1,425) 101.79% (1,400) 46225 - Fire Service Revenue (14,000) (13,668) 97.63% (17,730) 47321 - Police Liaison Services (92,500) (49,368) 53.37% (93,550) 47 - DPW FEES (587,267) (590,724) 100.59% (635,500) 46310 - Sale Hwy Material/Maint NONTAX (1,000) (712) 71.19% (1,000) 46311 - Hwy Material-Taxable - (5,085) 0.00% - 46421 - Special Charge-Garbage (579,552) (583,780) 100.73% (630,000) 46422 - Special Charge-Recycling (2,715) (500) 18.42% (500) 46440 - Weed & Nuisance Control Revenue (4,000) (647) 16.18% (4,000) 48 - PARKS FEES (63,160) (59,361) 93.98% (70,100) 46540 - Cemetery Revenue (160) (78) 49.05% (100) 46720 - Park Rental (50,000) (46,198) 92.40% (53,000) 46721 - Park Recreation Revenue (9,000) (7,841) 87.12% (12,000) 46723 - Park Rec Revenue - Taxable (4,000) (5,243) 131.08% (5,000) 49 - DEVELOPMENT FEES (162,500) (221,892) 136.55% (164,650) 44301 - Occupancy Inspection Fees (1,500) (2,575) 171.67% (1,650) 44302 - Utility/Open Cut Permits (20,000) (50,853) 254.26% (25,000) 44400 - Zoning Permits and Fees (40,000) (41,580) 103.95% (37,500) 44401 - Erosion Control Plan Review Fee (4,000) (2,500) 62.50% (3,500) 44402 - Drainage Inspection Fee (30,000) (38,390) 127.97% (30,000) 44404 - Bldg Plan Review Fee (50,000) (64,044) 128.09% (50,000) 44405 - Erosion Control Inspection Fee (15,000) (20,050) 133.67% (15,000) 44406 - Drainage Plan Review Fee (2,000) (1,900) 95.00% (2,000) 55 - SPECIAL ASSESSMENTS (73,500) (65,069) 88.53% (70,000) 42000 - Special Assessment - Street Lights (73,500) (65,069) 88.53% (70,000) 56 - INTERNAL SERVICE FEE (352,375) (416,442) 118.18% (411,780) 47400 - Alloc Hwy Shop Labor Revenue (82,500) (106,392) 128.96% (87,500) 47401 - Alloc Hwy Shop Maint Revenue (135,595) (175,770) 129.63% (190,000) 48201 - Rent - From San Districts (134,280) (134,280) 100.00% (134,280) 58 - OTHER REVENUE (3,806,584) (2,869,307) 75.38% (3,230,772) 41800 - Interest Income Delinquent PP (2,000) (2,502) 125.10% (1,200) 43211 - Grants - State/Federal (75,000) (70,210) 93.61% (81,965) 43531 - State General Transportation Aid (1,520,325) (1,520,326) 100.00% (1,522,047) 43537 - Other Transportation Grants (600,000) (911,474) 151.91% (630,000) 43650 - Forest Cropland/MFL/Cty Forest (26) (19) 72.08% (25) 48112 - Over/Short Account - 18 0.00% - 48300 - Parks Sale of Equip/Prop (8,000) (7,821) 97.76% - 48301 - Sale of Police Equip/Prop (32,000) (30,034) 93.86% - 48302 - Sale of Fire Equip/Prop (30,000) (24,310) 81.03% - 48303 - Sale of Highway Equip/Prop (13,000) (84,785) 652.19% - 48309 - Sale of Other Equip - (143) 0.00% - 48310 - Sale of Other Prop - (6,000) 0.00% - 48420 - Police Insurance Recovery (15,000) (3,389) 22.59% (5,835) Page 8 of 33 2025 2025 AMENDED ESTIMATED % 2026 ACCOUNT REVENUE TYPES BUDGET YEAR END OF BUDGET BUDGET 48425 - Fire Insurance Recovery - (64,259) 0.00% - 48500 - Donations (3,000) (8,485) 282.83% (3,000) 48510 - Public Safety Donations (11,500) (26,518) 230.59% (6,500) 48513 - Donations - Fire - (5,725) 0.00% - 48800 - Police Unclaimed Property (1,500) (2,829) 188.63% (1,200) 48900 - Miscellaneous/Reimbursement (26,583) (59,889) 225.29% (90,000) 48901 - Highway Misc Revenue (1,000) (7,089) 708.87% (7,000) 48902 - Other Insurance Dividend (20,000) - 0.00% (12,000) 48903 - Credit Card Rebate (40,000) (33,518) 83.80% (40,000) 49301 - Application of Fund Balance (1,407,650) - 0.00% (830,000) 59 - INVESTMENT REVENUE (871,754) (951,808) 109.18% (782,601) 48110 - Interest Income (715,071) (741,257) 103.66% (600,000) 48120 - Interest Income - Taxes (125,000) (178,702) 142.96% (160,000) 48912 - Interest Income - TIF #2 (19,850) (19,850) 100.00% (19,197) 48913 - Interest Income - TIF #3 (11,833) (12,000) 101.41% (3,404) 98 - TRANSFERS (1,000,000) (900,000) 90.00% (1,050,000) 49200 - Transfer from Other Funds (1,000,000) (900,000) 90.00% (1,050,000) Grand Total (24,785,120) (25,102,367) 101.28% (25,231,953) Page 9 of 33 2025 2025 AMENDED ESTIMATED % 2026 ACCOUNT DEPARTMENT BUDGET YEAR END OF BUDGET BUDGET 10 - General Government 4,559,215 4,069,723 89.62% 4,323,703 110 - Town Board 92,050 95,175 103.39% 93,639 111 - General Administration 179,896 188,992 105.06% 249,669 112 - Legal 120,000 130,874 109.06% 120,000 113 - Insurance 502,617 448,853 89.30% 557,000 120 - Clerk 205,824 163,062 79.22% 277,523 121 - Elections 97,826 68,608 70.13% 193,190 130 - Human Resources 346,561 339,241 100.16% 382,496 140 - Information Technology 997,191 899,218 91.00% 990,440 150 - Municipal Court 217,538 217,392 99.93% 236,342 160 - Finance 1,799,712 1,518,308 84.36% 1,223,404 20 - Public Safety 13,876,528 13,708,804 99.38% 14,214,464 210 - Police Administration 926,964 970,480 106.38% 972,601 211 - Police Field Operations 5,175,717 4,873,685 94.41% 5,479,137 212 - Police Technical Operations 1,347,825 1,202,923 89.25% 1,257,643 213 - Police Animal Control 3,500 3,804 108.69% 5,000 220 - Fire 5,205,985 5,337,605 103.36% 4,863,027 225 - Ambulance 1,216,537 1,320,307 109.29% 1,637,056 30 - Public Works 4,345,098 4,274,908 98.77% 4,705,341 310 - Streets 1,463,986 1,471,509 101.65% 1,711,358 311 - Winter Maintenance 404,214 432,600 107.04% 396,180 312 - Fleet Services 542,344 598,998 110.45% 638,531 313 - Street Lights 421,000 313,047 74.36% 420,000 314 - Mass Transit 844,951 791,650 93.69% 819,586 315 - Refuse 589,800 595,688 101.00% 639,000 316 - Recycling 68,673 70,517 102.69% 72,150 317 - Weed Control 8,140 486 5.97% 6,376 318 - Cemetery 1,990 412 20.71% 2,160 40 - Parks and Recreation 1,177,032 958,089 83.39% 1,155,653 410 - Parks 571,500 527,647 92.50% 542,698 411 - Recreation 63,910 43,163 73.30% 69,412 412 - Trails Maintenance 64,914 41,874 73.64% 41,526 413 - Forestry 96,900 88,493 97.88% 97,551 420 - Municipal Complex 379,808 256,912 69.36% 404,466 50 - Conservation & Development 854,466 806,611 94.40% 832,792 510 - Assessor 113,045 97,275 86.05% 113,166 511 - Building Inspection 374,061 360,592 96.40% 385,006 512 - Planning and Zoning 367,360 348,744 94.93% 334,620 Grand Total 24,812,339 23,818,134 96.55% 25,231,953 TOWN OF GRAND CHUTE GENERAL FUND GENERAL FUND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 10 of 33 CAPITAL PROJECTS 2025 2025 AMENDED ESTIMATED % 2026 ACCOUNT DEPARTMENT BUDGET YEAR END OF BUDGET BUDGET BEGINNING FUND BALANCE (205,550)$ (205,550)$ (4,829,677)$ REVENUES 41110 - Property Taxes (328,715) (328,715) 100.00% (457,715) 41902 - Capital Projects Sales Tax Revenue (375,000) (414,617) 43.90% (380,000) 43211 - Grants - State/Federal - (432,618) 0.00% (483,163) 48110 - Interest Income - 6,457 0.00% (6,000) 48900 - Miscellaneous/Reimbursement - (11,061) 0.00% - 49100 - Proceeds from Long Term Debt - - 0.00% (12,464,184) 49200 - Transfer from Other Funds (1,100,000) (1,100,000) 100.00% (842,000) TOTAL REVENUES (1,803,715) (2,280,554) 126.44% (14,633,062) EXPENDITURES 50810 - Capital Equipment 135,000 303,115 225.58% 351,000 50814 - IT Capital Equipment 312,200 175,132 56.48% 329,700 57203 - Paving / Resurfacing Roads 13,129,769 2,725,839 22.00% 5,877,347 57209 - Street (Hwy) Lighting Outlay - 144,845 0.00% 90,000 57301 - Parks Outlay 1,204,800 1,149,599 95.54% 680,000 57401 - PS Communication Equipment 86,515 260,973 332.84% 85,015 57402 - PS Vehicles 3,605,000 1,262,353 36.27% 705,000 57602 - Mach / Equip - Vehicles 12,000 - 100.00% - 57701 - Buildings / Bldg Improvements 7,117,131 285,146 4.13% 6,500,000 57702 - Other Gen Govt Outlays 13,000 - 0.00% 15,000 57801 - Machinery / Equipment - 3,150 0.00% - TOTAL EXPENDITURES 25,615,415 6,310,152 24.63% 14,633,062 NET SURPLUS (LOSS) (23,811,700) (4,029,598) - ENDING FUND BALANCE (24,017,250) (4,235,148) (4,829,677) TOWN OF GRAND CHUTE CAPITAL PROJECTS FUND FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 11 of 33 DEBT SERVICE FUND 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 898,941$ 898,841$ 635,017 REVENUES 41110 - Property Taxes (2,553,109) (2,553,109) 100.00% (2,385,722) 48110 - Interest Income - (65,011) 0.00% (50,000) 49110 - Premium on Debt Issue - - 0.00% (144,741) 49200 - Appropriation of Fund Balance (300,000) - 0.00% (400,000) 49225 - Transfer from Sp Assessments (1,179,325) (1,179,325) 100.00% (1,177,225) TOTAL REVENUES (4,032,434) (3,797,445) 94.17% (4,157,688) EXPENDITURES 50290 - Contractual Services 3,600 7,450 206.94% 6,900 59640 - Debt Principal Expense 3,215,000 3,215,000 100.00% 3,480,000 59650 - Debt Interest Expense 813,834 838,819 103.07% 670,788 TOTAL EXPENDITURES 4,032,434 4,061,269 100.72% 4,157,688 NET SURPLUS (LOSS) - (263,824.14) - ENDING FUND BALANCE 898,941.00$ 635,016.86$ 635,016.86$ TOWN OF GRAND CHUTE DEBT SERVICE FUND FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 12 of 33 SPECIAL ASSESSMENTS FUND 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 4,047,728$ 4,047,728$ 3,307,970$ REVENUES 42000 - Special Assessment - Street Lights (276,146) (230,225) 83.37% (375,000) 48110 - Interest Income (142,000) (209,342) 147.42% (175,000) TOTAL REVENUES (418,146) (439,567) 105.12% (550,000) EXPENDITURES 58310 - Transfer to Debt Service Fund 1,179,325 1,179,325 100.00% 1,177,225 TOTAL EXPENDITURES 1,179,325 1,179,325 100.00% 1,177,225 NET SURPLUS (LOSS) (761,179) (739,758) (627,225) ENDING FUND BALANCE 3,286,549$ 3,307,970$ 2,680,745$ TOWN OF GRAND CHUTE SPECIAL ASSESSMENT FUND FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 13 of 33 ROOM TAX 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE -$ -$ 282 REVENUES 41212 - Room Tax Town Development - (282) 0.00% - TOTAL REVENUES - (282) 0.00% - EXPENDITURES TOTAL EXPENDITURES - - 0.00% - NET (SURPLUS) LOSS -$ 282$ (282) ENDING FUND BALANCE -$ 282$ - TOWN OF GRAND CHUTE SPECIAL REVENUE FUNDS FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 14 of 33 PARK IMPACT FEES 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 320,685$ 320,685$ 340,223 REVENUES 46720 - Park Rental (35,000) (94,800) 270.86% (38,000) 48110 - Interest Income (5,000) (13,881) 277.63% (14,000) TOTAL REVENUES (40,000) (108,681) 271.70% (52,000) EXPENDITURES 57301 - Parks Outlay - 89,144 0% - TOTAL EXPENDITURES - 89,144 0% - NET SURPLUS (LOSS) 40,000$ 19,538$ 52,000 ENDING FUND BALANCE 360,685$ 340,223$ 392,223 TOWN OF GRAND CHUTE SPECIAL REVENUE FUNDS FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 15 of 33 FIRE IMPACT FEES 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 611,617$ 611,617$ 737,807 REVENUES 46220 - Impact Fee Revenue (45,000) (98,726) 219.39% (48,000) 48110 - Interest Income (7,500) (27,464) 366.19% (26,000) TOTAL REVENUES (52,500) (126,190) 240.36% (74,000) EXPENDITURES TOTAL EXPENDITURES - - 0.00% - NET SURPLUS (LOSS) 52,500$ 126,190$ 74,000 ENDING FUND BALANCE 664,117$ 737,807$ 811,807 TOWN OF GRAND CHUTE SPECIAL REVENUE FUNDS FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 16 of 33 2% FIRE DUES 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 72,421$ 72,421$ 127,939 REVENUES 43420 - Fire Insurance Dues (171,000) (177,514) 103.81% (185,000) TOTAL REVENUES (171,000) (177,514) 103.81% (185,000) EXPENDITURES 50134 - Health Insurance - 234 0.00% - 50135 - Dental Insurance - 14 0.00% - 50320 - Publication/Printing 3,500 2,045 58.43% 2,500 50321 - Dues/Subscriptions 4,500 2,261 50.24% 2,920 50322 - Meeting Expense 2,500 1,919 76.76% 2,500 50323 - Fire Prevention 9,000 9,416 104.62% 10,000 50330 - Conferences/Training 28,000 25,588 94.24% 28,000 50346 - Hand Tool/Small Equipment 22,500 23,302 103.56% 22,500 50380 - Equipment Maintenance 10,000 10,476 111.93% 10,000 50390 - Miscellaneous Expense 1,000 140 13.98% 1,000 50391 - 2% Protect Gear/Uniforms 40,000 41,298 104.05% 50,000 50393 - Hose Replacement 55,000 5,302 9.64% 55,000 TOTAL EXPENDITURES 176,000 121,996 69.32% 184,420 NET SURPLUS (LOSS) (5,000)$ 55,518$ 580 ENDING FUND BALANCE 67,421$ 127,939$ 128,519 TOWN OF GRAND CHUTE SPECIAL REVENUE FUNDS FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 17 of 33 FIRE DONATIONS 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 5,631$ 5,631$ 4,999 REVENUES 48110 - Interest Income - (335) 0.00% (250) 48513 - Donations - Fire - (7,395) 0.00% (7,100) TOTAL REVENUES - (7,730) 0.00% (7,350) EXPENDITURES 50390 - Miscellaneous Expense - 8,362 0.00% 7,500 TOTAL EXPENDITURES - 8,362 0.00% 7,500 NET SURPLUS (LOSS) -$ (632)$ (150)$ ENDING FUND BALANCE 5,631$ 4,999$ 4,849$ TOWN OF GRAND CHUTE SPECIAL REVENUE FUNDS FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 18 of 33 PS SPECIAL REVENUES 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 42,174$ 42,174$ 90,791 REVENUES 43529 - Fire State Grants (5,000) (83,890) 1677.80% (83,889) 48110 - Interest Income (1,400) (4,009) 286.38% (2,500) 48500 - Donations (1,000) (31,433) 3143.31% (6,000) TOTAL REVENUES (7,400) (119,332) 1612.60% (92,389) EXPENDITURES 50290 - Contractual Services 250 - 0.00% - 50325 - Crime Prevention Supplies - 2,315 0.00% - 50330 - Conferences/Training 1,000 - 0.00% 21,000 50340 - Operating Supplies 750 43,038 5738.34% 12,723 50346 - Hand Tool/Small Equipment - 24,080 0.00% 50,000 50370 - Veterinary Expense 5,500 1,282 23.32% - 50390 - Miscellaneous Expense - - 0.00% 1,000 TOTAL EXPENDITURES 7,500 70,715 942.87% 84,723 NET SURPLUS (LOSS) (100)$ 48,617$ 7,666$ ENDING FUND BALANCE 42,074$ 90,791$ 98,457$ TOWN OF GRAND CHUTE SPECIAL REVENUES FUNDS FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 19 of 33 OFFICER SAFETY 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 15,253$ 15,253$ 15,915 REVENUES 48500 - Donations (500) (662) 132.33% - TOTAL REVENUES (500) (662) 132.33% - EXPENDITURES 50810 - Capital Equipment 1,000 - 0.00% - TOTAL EXPENDITURES 1,000 - 0.00% - NET SURPLUS (LOSS) (500)$ 662$ -$ ENDING FUND BALANCE 14,753$ 15,915$ 15,915$ TOWN OF GRAND CHUTE SPECIAL REVENUES FUNDS FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 20 of 33 OFFICER SAFETY 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 139,200$ 139,200$ (12,277) REVENUES 43300 - Federal Grant (102,361) - 0.00% - 48110 - Interest Income - (5,494) 0.00% (1,000) TOTAL REVENUES (102,361) (5,494) 5.37% (1,000) EXPENDITURES 50360 - Repair & Maintenance 50,000 31,100 62.20% - 50810 - Capital Equipment 91,361 66,624 120.74% 79,724 50820 - Capital Improvements - 59,247 0.00% - TOTAL EXPENDITURES 141,361 156,971 111.04% 79,724 NET SURPLUS (LOSS) (39,000)$ (151,477)$ (78,724)$ ENDING FUND BALANCE 100,200$ (12,277)$ (91,001)$ TOWN OF GRAND CHUTE SPECIAL REVENUES FUNDS FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 21 of 33 CDA 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 2,657,154$ 2,657,154$ 2,537,009 REVENUES 35 - TAXES (2,225,000) (2,668,795) 119.95% (2,500,000) 58 - OTHER REVENUE - (94,008) 0.00% (90,000) 59 - INVESTMENT REVENUE (200,000) (137,088) 68.54% (110,610) TOTAL REVENUES (2,425,000) (2,899,891) 119.58% (2,700,610) EXPENDITURES 83 - PURCHASED SERVICES 6,000 6,000 100.00% 4,500 96 - NON-OPERATING EXPENSE 1,534,977 3,014,036 196.36% 2,395,000 TOTAL EXPENDITURES 1,540,977 3,020,036 195.98% 2,399,500 NET SURPLUS (LOSS) 884,023 (120,145) 301,110 ENDING FUND BALANCE 3,541,177$ 2,537,009$ 2,838,119$ TOWN OF GRAND CHUTE COMMUNITY DEVELOPMENT AUTHORITY FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 22 of 33 TIF #1 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 49,961$ 49,961$ 227,509$ REVENUES 41120 - TIF Mil Tax (158,000) (288,161) 182.38% (248,365) 43415 - Personal Property Aid (136,920) (136,920) 100.00% (136,920) 48110 - Interest Income (6,500) 55,036 -846.71% (40,000) TOTAL REVENUES (301,420) (370,045) 122.77% (425,285) EXPENDITURES 50110 - Salaries 5,980 5,728 95.78% - 50130 - Misc Fringe Benefits - 1 0.00% - 50131 - FICA 460 438 95.25% - 50132 - WRS Expense 420 391 93.20% - 50134 - Health Insurance 100 - 0.00% - 50135 - Dental Insurance - 45 0.00% - 50136 - Life Ins/Disability 30 8 27.53% - 50210 - Professional Services 1,500 2,173 144.83% 1,500 50320 - Publication/Printing - 56 0.00% - 59640 - Debt Principal Expense 175,000 175,000 100.00% 180,000 59650 - Debt Interest Expense 8,656 8,656 100.00% 4,500 TOTAL EXPENDITURES 192,146 192,497 100.18% 186,000 NET SURPLUS (LOSS) 109,274 177,548 239,285 ENDING FUND BALANCE 159,235$ 227,509$ 466,794$ TOWN OF GRAND CHUTE TAX INCREMENTAL DISTRICT #1 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 23 of 33 TIF #2 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 645,056$ 645,056$ 324,069$ REVENUES 41120 - TIF Mil Tax (653,500) (1,258,128) 192.52% (1,269,274) 43415 - Personal Property Aid (133,409) (133,409) 100.00% (133,409) 48110 - Interest Income 50,000 23,197 46.39% (50,000) TOTAL REVENUES (736,909) (1,368,341) 185.69% (1,452,683) EXPENDITURES 50110 - Salaries 29,910 29,884 99.91% 25,587 50130 - Misc Fringe Benefits 140 5 3.55% - 50131 - FICA 2,290 2,286 99.83% 1,957 50132 - WRS Expense 2,080 2,044 98.27% 1,778 50134 - Health Insurance 500 - 0.00% - 50135 - Dental Insurance - 238 0.00% 220 50136 - Life Ins/Disability - 42 0.00% 34 50210 - Professional Services 1,500 24,568 1637.85% 9,000 50290 - Contractual Services 110,000 29,062 38.69% 110,000 50311 - Postage - 3 0.00% - 50320 - Publication/Printing - 83 0.00% - 50390 - Miscellaneous Expense 150 1,150 766.67% 150 50901 - Street Outlays 900,000 - 0.00% 165,000 50906 - Traffic Signals - 559,011 0.00% 600,000 50907 - Developer Contributions 200,000 182,794 91.40% 700,000 50908 - Water Outlay 75,000 - 0.00% 198,000 50909 - Sewer Outlay 34,000 - 0.00% 165,000 50910 - Storm Outlay 320,000 - 0.00% 110,000 58110 - Transfer to General Fund - - 0.00% 600,000 59640 - Debt Principal Expense 705,000 705,000 100.00% 725,000 59650 - Debt Interest Expense 133,308 133,308 100.00% 111,680 59651 - Capitalized Interest 19,850 19,850 100.00% 17,197 TOTAL EXPENDITURES 2,533,728 1,689,327 66.67% 3,540,603 NET SURPLUS (LOSS) (1,796,819) (320,987) (2,087,920) ENDING FUND BALANCE (1,151,763)$ 324,069$ (1,763,851)$ TOWN OF GRAND CHUTE TAX INCREMENTAL DISTRICT #2 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 24 of 33 TIF #3 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 1,081,573$ 1,081,573$ 602,202$ REVENUES 41120 - TIF Mil Tax (192,400) (350,298) 182.07% (343,864) 43415 - Personal Property Aid - (50,155) 0.00% (50,155) 48110 - Interest Income (23,000) (62,453) 271.54% (60,000) TOTAL REVENUES (215,400) (462,906) 214.91% (454,019) EXPENDITURES 50110 - Salaries 11,960 12,078 100.99% 12,794 50130 - Misc Fringe Benefits - 1 0.00% - 50131 - FICA 920 924 100.42% 979 50132 - WRS Expense 830 826 99.54% 889 50134 - Health Insurance 200 - 0.00% - 50135 - Dental Insurance - 96 0.00% 110 50136 - Life Ins/Disability 60 17 28.03% 16 50210 - Professional Services 5,000 2,173 43.45% 9,000 50290 - Contractual Services 190,000 2,850 1.50% - 50320 - Publication/Printing - 56 0.00% - 50390 - Miscellaneous Expense 150 150 100.00% 150 50901 - Street Outlays 180,000 11,105 6.17% 1,860,500 50908 - Water Outlay - - 0.00% 520,000 50909 - Sewer Outlay - - 0.00% 520,000 50910 - Storm Outlay - - 0.00% 520,000 58110 - Transfer to General Fund 900,000 900,000 100.00% 450,000 59651 - Capitalized Interest 11,667 12,000 102.85% 3,404 TOTAL EXPENDITURES 1,300,787 942,277 72.44% 3,897,842 NET SURPLUS (LOSS) (1,085,387) (479,371) (3,443,823) ENDING FUND BALANCE (3,814)$ 602,202$ (2,841,621)$ TOWN OF GRAND CHUTE TAX INCREMENTAL DISTRICT #3 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 25 of 33 TIF #4 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE (732,843)$ (732,843)$ (951,123)$ REVENUES 41120 - TIF Mil Tax (163,000) (298,274) 182.99% (281,652) 43415 - Personal Property Aid - (28,278) 0.00% (28,278) 48110 - Interest Income (10,000) 3,731 -37.31% (6,000) 48900 - Miscellaneous/Reimbursement (5,000) (6,870) 137.39% - 49400 - Sale of Land (100,000) - 0.00% - TOTAL REVENUES (278,000) (329,691) 118.59% (315,930) EXPENDITURES 50110 - Salaries 5,980 6,351 106.20% 12,794 50130 - Misc Fringe Benefits - 1 0.00% - 50131 - FICA 460 486 105.60% 979 50132 - WRS Expense 420 435 103.50% 889 50134 - Health Insurance 100 - 0.00% - 50135 - Dental Insurance - 51 0.00% 110 50136 - Life Ins/Disability 30 9 28.93% 16 50210 - Professional Services 5,000 2,645 52.90% 9,000 50290 - Contractual Services 60,000 - 0.00% 10,000 50320 - Publication/Printing - 56 0.00% - 50390 - Miscellaneous Expense 150 150 100.00% 150 50909 - Sewer Outlay 400,000 - 0.00% - 59640 - Debt Principal Expense 310,000 310,000 100.00% 315,000 59650 - Debt Interest Expense 46,665 227,788 488.13% 219,688 TOTAL EXPENDITURES 828,805 547,970 66.12% 568,626 NET SURPLUS (LOSS) (550,805) (218,280) (252,696) ENDING FUND BALANCE (1,283,648)$ (951,123)$ (1,203,819)$ TOWN OF GRAND CHUTE TAX INCREMENTAL DISTRICT #4 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 26 of 33 TIF #5 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 5,191$ 5,191$ (122,203)$ REVENUES 48110 - Interest Income 5,000 174 3.47% - TOTAL REVENUES 5,000 174 3.47% - EXPENDITURES 50110 - Salaries - 6,351 0.00% 12,794 50131 - FICA - 486 0.00% 979 50132 - WRS Expense - 435 0.00% 889 50135 - Dental Insurance - 51 0.00% 110 50136 - Life Ins/Disability - 9 0.00% 16 50210 - Professional Services - 3,179 0.00% 9,000 50290 - Contractual Services - 116,560 0.00% 10,000 50390 - Miscellaneous Expense - 150 0.00% 150 50910 - Storm Outlay - - 0.00% 2,450,000 57203 - Paving / Resurfacing Roads - - 0.00% 156,000 TOTAL EXPENDITURES - 127,220 0.00% 2,639,938 NET SURPLUS (LOSS) (5,000) (127,394) (2,639,938) ENDING FUND BALANCE 191$ (122,203)$ (2,762,141)$ TOWN OF GRAND CHUTE TAX INCREMENTAL DISTRICT #5 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 27 of 33 SANITARY DISTRICT NO. 1 2025 2025 AMENDED ESTIMATED % of 2026 BUDGET YEAR END Budget BUDGET BEGINNING NET POSITION 19,988,333$ 19,988,333$ 20,587,712$ REVENUES 35 - TAXES (56,828) (22,131) 38.94% (24,828) 36 - STATE SHARED REVENUE (6,153) (6,153) 100.01% (6,154) 45 - GENERAL FEES (1,400) (1,716) 122.60% (3,800) 47 - DPW FEES (87,000) (79,272) 91.12% (81,000) 56 - INTERNAL SERVICE FEE (8,500) (76,618) 90.86% (8,500) 58 - OTHER REVENUE (2,000) - 0.00% (2,000) 59 - INVESTMENT REVENUE (17,000) 268,238 -1577.87% (17,000) 62 - WATER - SALES (7,447,464) (7,163,313) 96.22% (7,651,374) 63 - WATER - OTHER OPERATING (64,150) (129,753) 202.27% (96,295) 64 - WATER - NON OPERATING (110,833) (108,372) 97.78% (109,500) TOTAL REVENUES (7,801,328) (7,319,090) 93.82% (8,000,451) EXPENDITURES 70 - SALARIES 704,575 745,082 105.75% 757,346 73 - FRINGE BENEFITS 267,320 290,673 108.74% 286,210 75 - OTHER STAFF COSTS 6,000 3,291 54.86% 8,000 80 - MATERIALS & SUPPLIES 4,791,630 4,587,270 96.63% 5,154,500 83 - PURCHASED SERVICES 154,197 115,237 75.85% 146,172 86 - FACILITY & PLANT 7,008 48,068 685.91% 51,424 96 - NON-OPERATING EXPENSE 829,852 930,090 15.76% 905,000 98 - TRANSFERS - - 0.00% - TOTAL EXPENDITURES 6,760,582 6,719,711 88.23% 7,308,652 NET SURPLUS (LOSS) 1,040,746 599,379 691,799 ENDING NET POSITION 21,029,079$ 20,587,712$ 21,279,511$ TOWN OF GRAND CHUTE SANITARY DISTRICT NO. 1 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 28 of 33 SANITARY DISTRICT NO. 2 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING NET POSITION 33,539,731$ 33,539,731$ 34,214,951$ REVENUES 35 - TAXES (3,500) (462) 13.19% (3,000) 59 - INVESTMENT REVENUE (389,000) (436,451) 112.20% (483,000) 60 - SEWER - OPERATING (1,686,784) (1,807,121) 107.13% (1,752,300) 61 - SEWER - NON OPERATING (11,300) (7,144) 63.22% (9,000) 62 - WATER - SALES (1,568,208) (1,711,116) 109.11% (1,622,000) TOTAL REVENUES (3,658,792) (3,962,294) 108.30% (3,869,300) EXPENDITURES 70 - SALARIES 552,862 467,776 84.61% 721,772 73 - FRINGE BENEFITS 198,352 180,749 91.13% 275,041 75 - OTHER STAFF COSTS 2,500 927 37.06% 2,500 80 - MATERIALS & SUPPLIES 515,250 336,513 54.21% 455,050 83 - PURCHASED SERVICES 1,423,886 1,288,850 90.64% 1,611,087 86 - FACILITY & PLANT 52,727 48,048 91.13% 52,499 96 - NON-OPERATING EXPENSE 1,711,183 964,211 51.88% 1,655,775 TOTAL EXPENDITURES 4,456,760 3,287,074 70.79% 4,773,724 NET SURPLUS (LOSS) (797,968) 675,220 (904,424) ENDING NET POSITION 32,741,763$ 34,214,951$ 33,310,527$ TOWN OF GRAND CHUTE SANITARY DISTRICT NO. 2 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 29 of 33 SANITARY DISTRICT NO. 3 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 49,580,547$ 49,580,547$ 52,770,845$ REVENUES 35 - TAXES - 272 0.00% - 59 - INVESTMENT REVENUE (482,500) (786,105) 162.92% (607,000) 60 - SEWER - OPERATING (3,215,200) (3,284,825) 102.16% (3,282,300) 61 - SEWER - NON OPERATING (2,200) (286,507) 13023.03% (2,200) TOTAL REVENUES (3,699,900) (4,357,164) 117.76% (3,891,500) EXPENDITURES 70 - SALARIES 598,862 426,210 71.17% 580,985 73 - FRINGE BENEFITS 210,307 157,632 74.95% 206,135 75 - OTHER STAFF COSTS 4,000 2,818 70.46% 5,000 80 - MATERIALS & SUPPLIES 297,100 127,851 43.03% 632,000 83 - PURCHASED SERVICES 383,455 316,224 85.80% 134,819 86 - FACILITY & PLANT 71,236 73,507 103.19% 83,782 96 - NON-OPERATING EXPENSE 1,014,303 62,625 6.17% 1,179,644 TOTAL EXPENDITURES 2,579,263 1,166,867 45.24% 2,822,365 NET SURPLUS (LOSS) 1,120,637 3,190,298 1,069,135 ENDING NET POSITION 50,701,184$ 52,770,845$ 53,839,980$ TOWN OF GRAND CHUTE SANITARY DISTRICT NO. 3 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 30 of 33 EAST SIDE UTILITY 2025 2025 % AMENDED ESTIMATED of 2026 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 1,114,213$ 1,114,213$ 1,163,814$ REVENUES 35 - TAXES (19,696) (19,696) 100.00% (19,696) 59 - INVESTMENT REVENUE (12,000) (25,165) 209.71% (20,000) 60 - SEWER - OPERATING (17,050) (17,453) 102.36% (17,050) TOTAL REVENUES (48,746) (62,314) 127.83% (56,746) EXPENDITURES 70 - SALARIES 9,600 - 0.00% 600 73 - FRINGE BENEFITS 1,350 - 0.00% - 80 - MATERIALS & SUPPLIES 900 532 59.16% 1,000 83 - PURCHASED SERVICES 14,100 12,181 86.39% 18,100 96 - NON-OPERATING EXPENSE 9,900 - 0.00% 10,000 TOTAL EXPENDITURES 35,850 12,713 35.46% 29,700 NET SURPLUS (LOSS) 12,896 49,601 27,046 ENDING FUND BALANCE 1,127,109$ 1,163,814$ 1,190,860$ TOWN OF GRAND CHUTE EAST SIDE UTILITY FUND REVENUES AND EXPENDITURES FISCAL YEAR 2025 (UNAUDITED) Page 31 of 33 All General Obligation debt - General, Assessable, Water & TIDs Dec-25 Principal 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 Balance 2016 Principal-Dec 1,065,000.00 - - - - - - 1,065,000.00 38527UHB6 Interest-Jun 13,312.50 - - - - - - Interest-Dec 13,312.50 - - - - - - 2018A Principal - Jun 940,000.00 965,000.00 985,000.00 - - - - 2,890,000.00 Interest - June 43,350.00 29,250.00 14,775.00 - - - - Interest - Dec 29,250.00 14,775.00 - - - - - 2018B Principal - Jun 330,000.00 345,000.00 355,000.00 - - - - 1,030,000.00 Interest - Jun 17,516.25 11,988.75 6,123.75 - - - - Interest - Dec 11,988.75 6,123.75 - - - - - 2019 Principal - Dec 1,535,000.00 2,355,000.00 2,300,000.00 2,345,000.00 - - - 8,535,000.00 38527UJE8 Interest - Jun 93,025.00 70,000.00 46,450.00 23,450.00 - - - Interest - Dec 93,025.00 70,000.00 46,450.00 23,450.00 - - - 2021 Principal - Dec 1,435,000.00 2,025,000.00 2,070,000.00 2,645,000.00 3,575,000.00 3,560,000.00 - 15,310,000.00 38527UJN8 Interest - Jun 135,262.50 120,912.50 100,662.50 79,962.50 53,512.50 26,700.00 - Interest - Dec 135,262.50 120,912.50 100,662.50 79,962.50 53,512.50 26,700.00 - 2022 Principal - Dec 440,000.00 450,000.00 470,000.00 490,000.00 510,000.00 530,000.00 555,000.00 3,445,000.00 Interest - Jun 68,900.00 60,100.00 51,100.00 41,700.00 31,900.00 21,700.00 11,100.00 Interest - Dec 68,900.00 60,100.00 51,100.00 41,700.00 31,900.00 21,700.00 11,100.00 2024A Principal - Nov 85,000.00 105,000.00 130,000.00 190,000.00 165,000.00 135,000.00 345,000.00 550,000.00 560,000.00 570,000.00 575,000.00 580,000.00 590,000.00 600,000.00 520,000.00 525,000.00 505,000.00 510,000.00 510,000.00 7,750,000.00 Interest - May 163,525.00 161,400.00 158,775.00 155,525.00 150,775.00 146,650.00 143,275.00 134,650.00 120,900.00 109,700.00 98,300.00 86,800.00 75,200.00 63,400.00 51,400.00 41,000.00 30,500.00 20,400.00 10,200.00 Interest - Nov 163,525.00 161,400.00 158,775.00 155,525.00 150,775.00 146,650.00 143,275.00 134,650.00 120,900.00 109,700.00 98,300.00 86,800.00 75,200.00 63,400.00 51,400.00 41,000.00 30,500.00 20,400.00 10,200.00 2024B Principal - Nov 95,000.00 100,000.00 195,000.00 215,000.00 255,000.00 345,000.00 485,000.00 465,000.00 465,000.00 465,000.00 460,000.00 465,000.00 460,000.00 460,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 5,430,000.00 Interest - May 129,487.50 127,112.50 124,612.50 119,737.50 114,362.50 107,987.50 99,362.50 87,237.50 75,612.50 65,440.63 54,978.13 44,628.13 33,875.00 22,950.00 12,025.00 9,650.00 7,250.00 4,850.00 2,425.00 Interest - Nov 129,487.50 127,112.50 124,612.50 119,737.50 114,362.50 107,987.50 99,362.50 87,237.50 75,612.50 65,440.63 54,978.13 44,628.13 33,875.00 22,950.00 12,025.00 9,650.00 7,250.00 4,850.00 2,425.00 Annual Principal 5,925,000.00 6,345,000.00 6,505,000.00 5,885,000.00 4,505,000.00 4,570,000.00 1,385,000.00 1,015,000.00 1,025,000.00 1,035,000.00 1,035,000.00 1,045,000.00 1,050,000.00 1,060,000.00 620,000.00 625,000.00 605,000.00 610,000.00 610,000.00 45,455,000.00 Annual Interest 1,309,130.00 1,141,187.50 984,098.75 840,750.00 701,100.00 606,075.00 507,475.00 443,775.00 393,025.00 350,281.26 306,556.26 262,856.26 218,150.00 172,700.00 126,850.00 101,300.00 75,500.00 50,500.00 25,250.00 Jun - Principal 1,270,000.00 1,310,000.00 1,340,000.00 - - - - - - - - - - - - - - - - - Jun - Interest 371,366.25 292,251.25 219,111.25 145,112.50 85,412.50 48,400.00 11,100.00 - - - - - - - - - - - - - Total June 1,641,366.25 1,602,251.25 1,559,111.25 145,112.50 85,412.50 48,400.00 11,100.00 - - - - - - - - - - - - - Dec - Principal 4,475,000.00 4,830,000.00 4,840,000.00 5,480,000.00 4,085,000.00 4,090,000.00 555,000.00 - - - - - - - - - - - - - Dec - Interest 351,738.75 271,911.25 198,212.50 145,112.50 85,412.50 48,400.00 11,100.00 - - - - - - - - - - - - - Total Dec 4,826,738.75 5,101,911.25 5,038,212.50 5,625,112.50 4,170,412.50 4,138,400.00 566,100.00 - - - - - - - - - - - - - May - Principal May - Interest 293,012.50 288,512.50 283,387.50 275,262.50 265,137.50 254,637.50 242,637.50 221,887.50 196,512.50 175,140.63 153,278.13 131,428.13 109,075.00 86,350.00 63,425.00 50,650.00 37,750.00 25,250.00 12,625.00 - Total May 293,012.50 288,512.50 283,387.50 275,262.50 265,137.50 254,637.50 242,637.50 221,887.50 196,512.50 175,140.63 153,278.13 131,428.13 109,075.00 86,350.00 63,425.00 50,650.00 37,750.00 25,250.00 12,625.00 - Nov - Principal 180,000.00 205,000.00 325,000.00 405,000.00 420,000.00 480,000.00 830,000.00 1,015,000.00 1,025,000.00 1,035,000.00 1,035,000.00 1,045,000.00 1,050,000.00 1,060,000.00 620,000.00 625,000.00 605,000.00 610,000.00 610,000.00 - Nov - Interest 293,012.50 288,512.50 283,387.50 275,262.50 265,137.50 254,637.50 242,637.50 221,887.50 196,512.50 175,140.63 153,278.13 131,428.13 109,075.00 86,350.00 63,425.00 50,650.00 37,750.00 25,250.00 12,625.00 - Total Nov 473,012.50 493,512.50 608,387.50 680,262.50 685,137.50 734,637.50 1,072,637.50 1,236,887.50 1,221,512.50 1,210,140.63 1,188,278.13 1,176,428.13 1,159,075.00 1,146,350.00 683,425.00 675,650.00 642,750.00 635,250.00 622,625.00 - TOWN OF GRAND CHUTE SCHEDULE OF ALL GENERAL OUTSTANDING DEBT As of December 31, 2025 Page 32 of 33 TOWN OF GRAND CHUTE ELR-01-2026 A RESOLUTION OF THE ELECTORS OF THE TOWN OF GRAND CHUTE SETTING THE ELECTED OFFICIALS SALARIES FOR THE 2027 – 2029 AND 2028-2030 TERMS FOR TOWN BOARD SUPERVISOR AND TOWN CHAIR WHEREAS, pursuant to Wis. Stat. 60.32(1)(a) the town meeting shall establish the compensation of elective town offices; and WHEREAS, said compensation under Wis. Stat. 60.32(4) shall be established prior to the latest date and time for filing nomination papers for the offices; and WHEREAS, the electors of the Town of Grand Chute desire to set salaries of the elected officials for the terms 2027-2029 and 2028-2030 for Town Board Supervisors and the Town Chair; and NOW THEREFORE, BE IT RESOLVED, by the electors of the Town of Grand Chute, that the salaries for elected officials in the Town of Grand Chute are set as follows to take effect as of the new term of office. Office Current Wages Proposed Wages Town Supervisor $10,812 ____________ (annually for a two-year term) Town Chair $20,500 ____________ (annually for a two-year term) Motion/Second made by: __________________________________________ Voted for: ________________ Voted against: _____________ I, ______________, Town Clerk, Town of Grand Chute, hereby certify that the above resolution was formally adopted and approved at the Annual Town Meeting held on the 21st day of April, 2026. __________________________, Town Clerk Town of Grand Chute (SEAL) Dated and adopted this 21st day of April, 2026. Page 33 of 33