Annual Town Meeting Agenda Packet - 2025

MEETING DATE TIME LOCATION Annual Town Meeting- Amended Tuesday, April 15, 2025 6:30 p.m. Board Room 1900 W. Grand Chute Blvd. **REMOTE AUDIO OPTIONS** Web Access: https://grandchute.my.webex.com/grandchute.my/j.php?MTID=ma00f1d95576889fa02fc616d0358ea69 Access Code: 126 909 3174 Meeting Password: 1900 Telephone Access: Dial: (408) 418-9388 Access Code: 126 909 3174 Meeting Password: 1900 PLEASE STAY CONNECTED AFTER THE ANNUAL MEETING FOR SANITARY COMMISSION AND TOWN BOARD A. CALL TO ORDER B. PLEDGE OF ALLEGIANCE C. MINUTES 1. Approval of Annual Town Meeting Minutes from April 16, 2024. D. FINANCIAL REPORT 1. Annual Financial Report. E. PUBLIC COMMENT PERIOD 1. Members of the public interested in speaking at the Annual Town Meeting will be limited to five minutes. F. TOWN BUSINESS 1. This portion of the meeting is reserved for motions, seconds, and discussion related to matters authorized by statute. G. ADJOURNMENT Mark your calendars for the 2026 Annual Town Meeting: April 21, 2026 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 26 ANNUAL MEETING MINUTES – TOWN OF GRAND CHUTE - 1900 GRAND CHUTE BOULEVARD – APRIL 16, 2024 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; Greg Koch, Interim Public Works Director; Steve Denzien, Fire Chief; Nick Vande Hey, McMahon Engineer; Attorney Andy Rossmeissl, Herrling Clark Law. See sign-in sheet for residents and non-residents in attendance. MINUTES Minutes of the Annual Meeting – April 18, 2023 Motion (Mark Heling/Ron Torrance) to approve minutes of April 18, 2023. Motion carried by voice vote. FINANCIAL REPORTS Annual Financial Report Finance Director Watson provided a summary of the financial report. There were no questions on the annual report. RESOLUTION ELR-01-2024 a resolution of the Electors of the Town of Grand Chute setting the Elected Officials Salaries for the 2025-2027 and 2026-2028 Terms for Town Board Supervisor and Town Chair and the 2025-2029 Term for Municipal Court Judge. Motion (Walt Nocito/Jim Reider) to approve ELR-01-2024 and keep the salaries the same as the current wages. 78 voted in favor and 1 voted against. Motion carried. BUSINESS FROM TOWN ELECTORS The following individuals spoke on various matters: Ed Perkins, 4486 N. White Hawk Drive Mike Kesting, 1330 W. Elsner Road Rex Kessler, 343 W. Capitol Drive Brian Root, 610 W. Capitol Drive Mary Klasen, 4510 W. Red Tamarack Court Jim Reider, 1324 W. Elsner Road Jeff Ings, 4650 N. Gillett Street Carol Kessler, 343 W. Capitol Drive Dave Schowalter, 1821 Margaret Street Karen Weinschrott, 2316 W. Twin Willows Drive David Green, 590 W. Highland Park Avenue Walt Nocito, 3260 N. Spruce Street Dave Van Eperen, 4055 N. McCarthy Road Ron Wolff, 5090 N. Milkweed Trail Page 2 of 26 ANNUAL MEETING MINUTES – TOWN OF GRAND CHUTE - 1900 GRAND CHUTE BOULEVARD – APRIL 16, 2024 Page 2 of 2 ADJOURNMENT Motion (Ed Perkins/Ron Torrance) to adjourn. Motion carried by voice vote. The meeting adjourned at 8:39 p.m. These minutes were taken at a regular meeting held on April 16, 2024 and entered in this record book April 17, 2024 by: _________________________________ Kayla Raatz, Town Clerk Town of Grand Chute Initial Draft Page 3 of 26 TOWN BOARD AGE NDA MEMORANDUM Page 1 of 3 MEETING DATE: April 15, 2025 FROM: Tom Watson, Finance Director RE: Annual Meeting Financial Report TYPE: New Business Bac kground Information: Presented herewith is the Annual Financial Report and Schedule of Outstanding Debt for fiscal year ending December 31, 2024. These statements are unaudited. Her e are some observations for the major funds: General Fund The Town’s main operating fund ended the year with a surplus without the budgeted use of fund balance. Total General Fund revenue came in at 104.7% of budget amount due in large part to unusually high interest income. Although room taxes were below budget, most other major revenue categories ended the year at, or above budget. To tal general fund expenditures came in at 99.9% of budget. Many departments contributed to the overall favorable budget variance. However, Legal, Insurance, Clerk, Municipal Court, Finance and the Fire Department had unfavorable budget outcomes. Capital Project Fund The Town spent approximately $5.1 million in capital expenditures with almost half that total dedicated to street improvements. $1.6M was spent on Park Improvements. The Town issued two general obligation (GO) notes for a combined $13.18 million to reimburse itself for prior capital expenditures. The Town continues to review and prioritize its capital needs over the next five to ten years. Debt Service Fund As stated above, the Town issued two GO notes totaling $13.18M with twenty year terms. At the end of FY24, the Town is estimated to have used only 21.9% of its allowable debt limit. Special Revenue Funds Special revenue funds are used to record the proceeds from specific revenue sources that are restricted for specific purposes. Interest income was favorable across all special revenue funds. Here are some remarks on certain special revenue funds: Sp ecial Assessments. The Town did not have any new special assessments. However, total Special Assessment revenue on preexisting assessments was 229% of budget. The special assessment fund made its budgeted transfer to the debt service fund for its share of scheduled FY2024 debt service. AR PA Fund. In 2024, the Town recognized approximately $1,380,000 of deferred ARPA revenue, matching its expenditures related to this federal grant. The bulk of the remaining funds Page 4 of 26 Page 2 of 3 are committed to be spent in FY2025. The fund balance shown at the end of 2024 is only an estimate as several projects using ARPA funding have progress billing pending. Federal guidelines state that these funds must be committed by the end of 2024 and expended by the end of 2026. Tax Increment D istricts The Town now has five active tax increment districts (TIDs) in various stages of their life cycles: T ID#1 (Warner Electric Property), had a small deficit but 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. 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 surplus due to relatively strong increment. Infrastructure improvements are on hold pending further development proposals. TID#4, an area including the Champion Center and Holiday Inn issued $1.16M of GO Notes in order to reimburse itself for prior year capital expenditures. TID#4 is early in its life cycle so it will be some time before it generates a positive fund balance from increment. The development of the Strata apartments is expected to be a major contributor to the district. TID#5, is a new mixed-use district comprising approximately 117 acres located south of W. Michaels Drive and north of W. Grande Market Drive. The District is proposed to provide funding for public infrastructure and development incentives as needed to facilitate future development. The first priority infrastructure project includes a regional stormwater pond and associated infrastructure. Additional infrastructure projects would be undertaken as dictated and allowed by additional future development of the District. Utility Funds The Water Utility was able to generate an operating surplus in the wake of a rate increase that was approved by the Wisconsin Public Service Commission earlier in 2024. The Sewer Utility’s operating surplus continues to enable this utility to self-fund capital improvements. The Storm Water Utility’s recurring operating surplus is also allowing this utility to self-fund capital improvements. Page 5 of 26 Page 3 of 3 Conclusion Overall, the Town had a good year, financially. Its relatively healthy financial position will be important as the Town seeks a credit rating ahead of a planned debt issue later in 2025. Interest income was unusually strong. However, staff is of the opinion rates will begin to decline later in 2025. The Town continues to make significant infrastructure improvements. Fiscal Impact: N/A. Recommended Action: No action required. Attachments: Town of Grand Chute Annual Report. Page 6 of 26 BEGINNING FUND BALANCE PER AUDIT JAN 1, 2024 $8,600,867 PLUS: ESTIMATED REVENUES - FY 2024 8,660,427 ESTIMATED TAX LEVY - FY 2024 14,215,456 TOTAL REVENUES - FY 2024 22,875,883 LESS: ESTIMATED EXPENDITURES - FY 2024 21,836,578 OPERATING SURPLUS (DEFICIT) - 2024 1,039,306 ESTIMATED ENDING FUND BALANCE DEC 31, 2024 $9,640,173 (UNAUDITED) TOWN OF GRAND CHUTE GENERAL FUND GENERAL FUND BALANCE PROJECTION FISCAL YEAR 2024 Page 7 of 26 2024 2024 % AMENDED ESTIMATED of 2025 ACCOUNT REVENUE TYPES BUDGET YEAR END Budget BUDGET 41110 General Operations Tax Levy 14,215,456 14,215,456 100.0% 13,916,832 Subtotal - Property Tax Levy 14,215,456 14,215,456 100.0% 13,916,832 Other Taxes 41111 Omitted Taxes - 2,004 N/A - 41150 Woodland/Managed Forest 843 783 92.9% 783 41210 Hotel Room Tax - Town 450,000 363,442 80.8% 430,000 41320 Lieu of Taxes 4,500 1,873 41.6% 1,900 41801 Use Value Penalty - 2,565 N/A 3,000 41900 Rescinded Taxes 15,000 21,625 144.2% 15,000 Subtotal - Taxes 470,343 392,293 83.4% 450,683 Total Tax Revenue 14,685,799 14,607,749 99.5% 14,367,515 Special Assessments 42000 Special Assessments Street Lighting 53,000 70,695 133% 73,500 Subtotal - Special Assessments 53,000 70,695 133.4% 73,500 State Shared Revenue 43410 Shared Revenue from State 837,153 832,134 99.4% 849,146 43411 Expenditure Restraint Program - 4,179 N/A 4,179 43415 Personal Property Aid 128,000 128,048 100.0% 507,907 43420 Fire Insurance from State - - N/A 43430 Exempt Computer Aid - - N/A 43430 Exempt Computer Aid 106,170 106,168 100.0% 106,168 43521 State Aid - Police 5,920 - 0.0% 12,480 43528 State Emergency Gov Aid/Relief - - N/A 43690 Other State Payments - Clerk 1,000 3,513 351.3% 1,000 43690 HR Other State Payments - - N/A 43690 Other - State Aid/Grant - - N/A 43690 Gen Govt State Payments - - N/A 43710 Hwy and Bridge Aids - - N/A Subtotal - State Shared Revenue 1,078,243 1,074,043 99.6% 1,480,880 Licenses - Clerk 44100 Business or Occupation License 45,000 48,385 107.5% 45,000 44101 Business License-Liquor 50,000 52,022 104.0% 50,000 Subtotal - Licenses - Clerk 95,000 100,407 105.7% 95,000 Permits - Inspection 44300 Building Permits 245,000 290,970 118.8% 252,500 44300 Building Permits - Lot Access 2,500 3,384 135.4% 2,500 46223 Tent Inspection Permit 450 750 166.7% 500 Subtotal - Permits - Inspection 247,950 295,104 119.0% 255,500 GENERAL FUND REVENUES TOWN OF GRAND CHUTE GENERAL FUND FISCAL YEAR 2024 (UNAUDITED) Page 8 of 26 2024 2024 % AMENDED ESTIMATED of 2025 ACCOUNT REVENUE TYPES BUDGET YEAR END Budget BUDGET GENERAL FUND REVENUES TOWN OF GRAND CHUTE GENERAL FUND FISCAL YEAR 2024 (UNAUDITED) General Fees 44102 Business License-Franchise Fees 225,000 209,017 92.9% 215,000 44103 Pawn/2nd Hand 1,500 876 58.4% 1,500 44104 Hotel License 600 6,650 1108.3% 6,000 44105 Video Service Provider Aid 58,340 58,338 100.0% 58,340 44200 Dog - Non-business 3,500 356 10.2% 3,100 44201 Non-business License 1,500 1,875 125.0% 1,500 44202 Nonbusiness License/Permit 500 80 16.0% 750 44203 Nonbusiness License/Tent - 25 N/A 44204 Nonbusiness License/Tent - 75 N/A 46100 General Government - - N/A 46100 General Admin Fees 19,500 23,450 120.3% 24,000 46101 Gen Govt - Tax 10 16 155.0% 15 48203 Pole Attachment Rent Revenue - 5,000 N/A 44901 Property Record Mgmt. Fee 23,500 29,750 126.6% 23,000 Subtotal - General Fees 333,950 335,507 100.5% 333,205 Public Safety Fees 44900 Burning Permits 350 400 114.3% 400 45100 Court Penalties & Costs 350,000 356,879 102.0% 400,000 45101 Parking Tickets 17,000 22,290 131.1% 25,000 45210 Ambulance Fees - - N/A 720,000 45221 Judgment & Damages 5,500 4,835 87.9% 4,000 45223 Police Seizures and Forfeitures 500 35 6.9% 46210 Police Department Fees - - N/A 46211 Public Safety Copies - Non Taxable 1,150 4,093 355.9% 2,580 46212 Contract Police Services 4,000 87,014 2175.3% 33,500 46213 Police Abandon Vehicle 12,500 13,059 104.5% 15,000 46214 False Alarms 42,000 25,286 60.2% 25,000 46221 Fire Protection Systems Fee 2,500 2,675 107.0% 2,500 46224 Firework Permit 300 1,875 625.0% 1,400 46225 Fire Department Fees 12,000 29,562 246.3% 14,000 47321 School Liaison Reimbursement 88,325 88,918 100.7% 92,500 Subtotal - Public Safety Fees 536,125 636,919 118.8% 1,335,880 Department of Public Works Fees 46310 Highway Material/Maintenance - Nontax 1,000 935 93.5% 1,000 46311 Highway Material/Maintenance - Tax - - N/A - 46312 Sidewalk Snow Removal - - N/A 46421 Sp Charge-Refuse Collection 555,000 578,570 104.2% 579,552 46422 Sp Charge-Recycle Collection 5,500 500 9.1% 2,715 46440 Weed Control 4,000 6,644 166.1% 4,000 Subtotal - Department of Public Works Fees 565,500 586,649 103.7% 587,267 Parks Fees 46540 Cemetery 200 166 82.9% 160 46720 Parks Rental 45,000 50,584 112.4% 50,000 46721 Recreation Fees 8,000 11,275 140.9% 9,000 46723 Recreation Revenue - Taxable 3,700 4,563 123.3% 4,000 48200 Rent - Town Hall - - N/A 46722 Commissions - Soda Machines - - N/A Page 9 of 26 2024 2024 % AMENDED ESTIMATED of 2025 ACCOUNT REVENUE TYPES BUDGET YEAR END Budget BUDGET GENERAL FUND REVENUES TOWN OF GRAND CHUTE GENERAL FUND FISCAL YEAR 2024 (UNAUDITED) 46721 Park Misc. Revenue - - N/A Subtotal - Park Fees 56,900 66,588 117.0% 63,160 Development Fees 44301 Occupancy Inspections 1,500 2,325 155.0% 1,500 44302 Utility/Open Cut Permits 45,000 38,432 85.4% 20,000 44400 Zoning Fees 38,250 35,308 92.3% 40,000 44401 Erosion Control Plan Review Fee 4,050 3,350 82.7% 4,000 44402 Drainage Inspection Fee 25,000 39,700 158.8% 30,000 44403 Wetland Delineations - - N/A 44404 Building Plan Review Fee 22,500 45,793 203.5% 50,000 44405 Erosion Control Inspection Fee 10,800 18,050 167.1% 15,000 44406 Drainage Plan Review Fee 1,350 1,850 137.0% 2,000 44410 Maps and Plans - - N/A - Subtotal - Development Fees 148,450 184,808 124.5% 162,500 Internal Service Fees 47400 Allocated Hwy Labor & Maint 83,000 85,352 102.8% 82,500 47401 Alloc Hwy Shop Maint 166,595 212,167 127.4% 135,595 48201 Rent - San Districts 134,280 134,280 100.0% 134,280 49201 Transfer from Fringe Benefit Fund - - N/A - 49201 Transfer from Other Funds 615,000 615,000 100.0% - 48202 Land Lease Revenue - - N/A - Subtotal -Internal Service Fees 998,875 1,046,799 104.8% 352,375 Other Revenue 41800 Interest on Delinq P.P. Taxes 2,000 3,165 158.2% 2,000 43211 Grants - State/Federal 41,200 98,027 237.9% 75,000 43212 Federal Grant-Fire - - N/A - 43221 Hwy Federal Grants - - N/A 43300 Federal Grant - Clerk - - N/A 43529 Fire State Grants - - N/A 43531 State Transportation Aids 1,321,827 1,322,022 100.0% 1,520,325 43533 Hwy State Grant - - N/A 43534 Highway LRIP Grant - - N/A 43537 Other Transportation-Mass Transit 597,854 660,090 110.4% 600,000 43571 State Grant Park and Recreation - - N/A 43650 Forest Cropland/MFL/Cty Forest 25 27 106.5% 26 43790 Recycling-County Reimbursement - - N/A 48112 Over/Short Account - 2 N/A 48300 Sale of Park Equipment 1,500 1,225 81.7% 8,000 48301 Sale of Police Equipment 44,500 20,559 46.2% 32,000 48302 Sale of Fire Equipment 30,000 - 0.0% 30,000 48303 Sale of Highway Equipment 20,500 3,437 16.8% 13,000 48309 Sale of Town Hall - - N/A 48310 Sale of Other Property - 8,500 N/A 48311 Sale of Bldg Insp Equipment - - N/A 48420 Insurance Recoveries - Police 25,000 486 1.9% 15,000 48425 Insurance Recoveries - Fire 5,000 34,287 685.7% 48430 Insurance Recoveries - Hwy - - N/A - 48435 Insurance Recoveries - Admin - - N/A 48440 Insurance Recoveries - Bldg Insp - - N/A Page 10 of 26 2024 2024 % AMENDED ESTIMATED of 2025 ACCOUNT REVENUE TYPES BUDGET YEAR END Budget BUDGET GENERAL FUND REVENUES TOWN OF GRAND CHUTE GENERAL FUND FISCAL YEAR 2024 (UNAUDITED) 48445 Insurance Recoveries - Park - - N/A 48500 Donations - Park 8,000 7,925 99.1% 3,000 48501 Donations - Crime Prevention - - N/A 48502 Donations - Park Misc. N/A 48510 Donations - Public Safety 1,500 200 13.3% 1,500 48513 Donations - Fire Dept. - 1,348 N/A 48515 Donations - Ambulance 1,005 48800 Police Unclaimed Property 1,000 2,190 219.0% 1,500 48900 Misc. Revenues 6,250 114,949 1839.2% 26,583 48901 Hwy Misc. Revenue - 10,411 N/A 1,000 48902 Street Light Refunds - - N/A 48902 Insurance Dividends 18,000 12,328 68.5% 20,000 48903 Credit Card Rebate 36,000 14,275 39.7% 40,000 48905 Admin Reimbursement - - N/A 49301 Application of Fund Balance 178,545 - N/A 1,407,650 Subtotal - Other Revenue $2,338,701 $2,316,458 99.0% $3,796,584 Investment Revenue 48110 Interest Earnings 550,000 1,341,252 243.9% 715,071 48111 Change in Market Value - - N/A 48120 Interest Income Taxes 125,000 176,334 141.1% 125,000 48130 Interest on Special Assessments - - N/A 48911 Interest Income TIF #1 2,250 2,250 100.0% 48912 Interest Income TIF #2 20,667 19,571 94.7% 19,850 48913 Interest Income TIF #3 14,750 14,750 100.0% 11,833 49200 Transfer from other funds - - N/A 1,000,000 Subtotal -Investment Revenue 712,667 1,554,158 218.1% 1,871,754 Total Non-Tax Revenue 7,165,361 8,268,134 115.4% 10,407,605 TOTAL GENERAL FUND REVENUES $21,851,160 $22,875,883 104.7% $24,775,120 Page 11 of 26 2024 2024 % AMENDED ESTIMATED of 2025 ACCOUNT DEPARTMENT BUDGET YEAR END Budget BUDGET General Government 110110 Town Board 91,050 98,469 108.1% 92,050 110111 General Administration 193,126 185,587 96.1% 179,896 110112 Legal 102,500 128,290 125.2% 120,000 110113 Insurance 449,435 664,870 147.9% 502,617 110120 Town Clerk 197,769 204,956 103.6% 205,824 110121 Elections 153,636 131,354 85.5% 97,826 110130 Human Resources 249,350 226,271 90.7% 346,561 110140 Information Technology 1,076,151 925,510 86.0% 969,972 110150 Municipal Court 188,445 261,530 138.8% 217,538 110160 Finance 507,736 540,135 106.4% 1,809,240 Subtotal - General Government 3,209,198 3,366,971 104.9% 4,541,524 Public Safety 110210 Police Administration 887,639 796,598 89.7% 926,964 110211 Police Field Operations 4,867,344 4,571,953 93.9% 5,165,717 110212 Police Technical Operations 1,284,307 1,275,359 99.3% 1,347,825 110213 Police Animal Control 3,500 4,748 135.7% 3,500 110220 Fire Department 5,532,468 5,913,313 106.9% 5,205,985 110225 Ambulance Department - 5,208 N/A 1,216,537 Subtotal - Public Safety 12,575,258 12,567,179 99.9% 13,866,528 Public Works 110310 Streets 1,446,570 1,412,416 97.6% 1,463,986 110311 Winter Maintenance 359,503 319,266 168.5% 404,214 110312 Fleet Services 536,666 605,698 77.0% 542,344 110313 Street Lights 411,000 413,345 199.6% 421,000 110314 Mass Transit 820,341 820,341 70.1% 844,951 110315 Refuse 575,000 575,122 12.0% 589,800 110316 Recycling 66,760 68,993 18.8% 68,673 110317 Weed Control 7,380 12,575 26.9% 8,140 110318 Cemetery 2,140 1,985 N/A 1,990 Subtotal - Public Works 4,225,360 4,229,740 100.1% 4,345,098 TOWN OF GRAND CHUTE GENERAL FUND GENERAL FUND EXPENDITURES FISCAL YEAR 2024 (UNAUDITED) Page 12 of 26 2024 2024 % AMENDED ESTIMATED of 2025 ACCOUNT DEPARTMENT BUDGET YEAR END Budget BUDGET TOWN OF GRAND CHUTE GENERAL FUND GENERAL FUND EXPENDITURES FISCAL YEAR 2024 (UNAUDITED) Parks & Recreation 110410 Parks Maintenance 519,132 484,459 93.3% 539,709 110411 Recreation 52,661 37,732 71.7% 63,910 110412 Trails Maintenance 88,960 19,920 22.4% 96,705 110413 Forestry 84,410 79,865 94.6% 96,900 110420 Municipal Complex 362,910 313,859 86.5% 370,280 Subtotal - Parks & Recreation 1,108,073 935,835 84.5% 1,167,504 Community Development 110510 Assessor 112,938 112,683 99.8% 113,045 110511 Building Inspection 344,997 344,655 99.9% 374,061 110512 Planning and Zoning 275,336 279,515 101.5% 367,360 Subtotal - Community Development 733,271 736,853 100.5% 854,466 Other Financing Uses Contingency - - N/A - Reserve for Retirement Payouts - - N/A - Subtotal - Other Financing Uses - - N/A - Total - General Fund Operating 21,851,160 21,836,578 99.9% 24,775,120 Transfer to Other Funds GF Contribution to Capital Projects - - N/A - GF Contribution to Tax Increment District - - N/A - TOTAL - GEN'L FUND EXPENDITURES 21,851,160 21,836,578 99.9% 24,775,120 NET SURPLUS (DEFICIT) - 1,039,306 N/A - Page 13 of 26 2024 % 2024 ESTIMATED of 2025 CAPITAL PROJECTS FUND BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE (3,846,268) (3,846,268) 556,975 REVENUES Property Taxes - 335,000 N/A 328,715 Sale Hwy Material/Maint Non-Tax 420,000 2,869 0.7% - Interest Income -Funded Depreciation 405,000 393,249 97.1% 375,000 Park /Rec Grants 398,008 - 0.0% - Recycling Revenue - 10,551 N/A - Other Revenue - 3,757 N/A - Proceeds from Long Term Debt 12,335,000 8,765,000 71.1% 0 Transfers from Other Funds - - N/A 1,100,000 TOTAL REVENUES 13,558,008 9,510,426 70.1% 1,803,715 TOTAL RESOURCES 9,711,740 5,664,158 58.3% 2,360,690 EXPENDITURES Hwy Bldgs 'Capital Equipment 335,000 444,717 132.8% 13,000 Capital Equipment - 322,664 N/A - Information Technology - - N/A 312,200 Paving / Resurfacing Roads 4,310,500 2,206,065 51.2% 13,129,769 New Sidewalk Outlay - 157,770 N/A - Parks Outlay 1,088,500 1,569,625 144.2% 1,204,800 Public Safety Commuinications - - N/A 86,515 Public Safety Vehicles 224,493 228,737 101.9% 3,605,000 Machinery / Equipment - Vehicles - 99,832 N/A 12,000 Building / Building Improvements 596,356 (31,563) -5.3% 7,252,131 Building / Building Improvements (3,500) N/A Other Gen Government Outlays 225,000 - 0.0% - Issuance Expense 75,000 112,836 150.4% - TOTAL EXPENDITURES 6,854,849 5,107,183 74.5% 25,615,415 NET SURPLUS (LOSS) 6,703,159 4,403,243 65.7% (23,811,700) ENDING FUND BALANCE 2,856,891 556,975 (23,254,725) TOWN OF GRAND CHUTE CAPITAL PROJECTS FUND FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 (UNAUDITED) Page 14 of 26 2024 % 2024 ESTIMATED of 2025 DEBT SERVICE FUND BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 930,262 930,262 898,941 REVENUES Property Tax 2,100,000 2,100,000 100.0% 2,553,109 From Special Assessments 1,179,368 1,179,368 100.0% 1,479,325 Premium on Debt Issue - 520,026 N/A - TOTAL REVENUES 3,279,368 3,799,394 115.9% 4,032,434 EXPENDITURES Contractual Services 3,600 4,250 118.1% 3,600 Issuance Fees - 117,994 N/A - Debt Principal Expense 3,155,000 3,155,000 100.0% 3,424,509 Debt Interest Expense 553,471 553,471 100.0% 604,325 N/A TOTAL EXPENDITURES 3,712,071 3,830,715 103.2% 4,032,434 NET SURPLUS (LOSS) (432,703) (31,321) 7.2% - ENDING FUND BALANCE 497,559 898,941 898,941 TOWN OF GRAND CHUTE DEBT SERVICE FUND FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 (UNAUDITED) Page 15 of 26 2024 % 2024 ESTIMATED of 2025 SPECIAL ASSESSMENTS BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 4,681,873 4,681,873 4,086,686 REVENUES Special Assessments 200,000 457,865 228.9% 276,146 Investment Revenue 150,000 126,316 84.2% 142,000 Transfer from Other Funds - - N/A TOTAL REVENUES 350,000 584,181 166.9% 418,146 TOTAL RESOURCES 5,031,873 5,266,054 104.7% 4,504,832 EXPENDITURES Transfer to Debt Service Fund 1,179,368 1,179,368 0.0% 1,179,325 TOTAL EXPENDITURES 1,179,368 1,179,368 100.0% 1,179,325 NET SURPLUS (LOSS) (829,368) (595,187) 71.8% (761,179) ENDING FUND BALANCE 3,852,505 4,086,686 3,325,507 (UNAUDITED) TOWN OF GRAND CHUTE SPECIAL ASSESSMENT FUND FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 Page 16 of 26 . 2024 % 2024 ESTIMATED of 2025 PARK DEVELOPMENT BUDGET YEAR END Budget BUDGET # BEGINNING FUND BALANCE 358,665 358,665 448,708 REVENUES Park Development / Rental Fees 30,000 19,600 65.3% 35,000 Park Donations - 1,200 N/A Interest 11,000 5,231 47.6% 5,000 TOTAL REVENUES 41,000 26,031 63.5% 40,000 Park Fund Expense - 64,011 N/A - TOTAL EXPENDITURES - 64,011 N/A - ENDING FUND BALANCE 399,665 448,708 488,708 2024 % 2024 ESTIMATED of 2025 FIRE STATION DEVELOPMENT BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 546,695 546,695 611,617 # REVENUES Impact Fee 40,000 56,935 142.3% 45,000 Interest 15,000 7,987 53.2% 7,500 TOTAL REVENUES 55,000 64,922 118.0% 52,500 TOTAL RESOURCES 601,695 611,617 101.6% 664,117 EXPENDITURES Fire Capital Outlay - - N/A - TOTAL EXPENDITURES - - N/A - ENDING FUND BALANCE 601,695 611,617 664,117 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 TOWN OF GRAND CHUTE SPECIAL REVENUE FUNDS (UNAUDITED) Page 17 of 26 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 TOWN OF GRAND CHUTE SPECIAL REVENUE FUNDS (UNAUDITED) 2024 % 2024 ESTIMATED of 2025 2% FIRE DUES BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 10,014 10,014 72,420 REVENUES # Fire Insurance Dues 137,118 161,310 117.6% 171,000 TOTAL REVENUES 137,118 161,310 117.6% 171,000 EXPENDITURES Fire Length of Service Prg 23,000 - 0.0% - Publication/Printing 17,750 18,546 104.5% - Dues/Subscriptions 3,500 4,315 123.3% - Meeting Expense 1,500 2,730 182.0% - Fire Prevention 9,000 3,980 44.2% - Conferences / Training 25,000 16,871 67.5% - Hand Tool / Small Equip 7,500 3,897 52.0% - Equipment Maint 15,000 11,196 74.6% - Miscellaneous Expense 1,000 314 31.4% - 2% Protect Gear / Uniforms 32,000 35,818 111.9% 15,762 Hose Replacement 5,000 1,237 24.7% - TOTAL EXPENDITURES 140,250 98,904 70.5% 15,762 ENDING FUND BALANCE 6,882 72,420 227,658 2024 % 2024 ESTIMATED of 2025 FIRE PREVENTION /SAFETY DAY BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 15,542 15,542 16,855 REVENUES # Donations - 7,500 N/A - TOTAL REVENUES - 7,500 N/A - EXPENDITURES - 6,187 N/A - TOTAL EXPENDITURES - 6,187 N/A - ENDING FUND BALANCE 15,542 16,855 16,855 Page 18 of 26 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 TOWN OF GRAND CHUTE SPECIAL REVENUE FUNDS (UNAUDITED) 2024 % 2024 ESTIMATED of 2025 POLICE K-9 BUDGET YEAR END Budget BUDGET # BEGINNING FUND BALANCE 47,660 47,660 40,886 REVENUES Investment Revenue 675 712 105.5% 1,000 Donations 1,000 10,668 1066.8% 1,400 Other Revenue - 5,000 TOTAL REVENUES 1,675 11,380 679.4% 7,400 EXPENDITURES Contractual Services 250 - 0.0% 250 Conferences / Training 1,000 - 0.0% 1,000 Operating Supplies 750 - 0.0% 6,250 Vet Expenses 1,500 18,154 1210.3% - TOTAL EXPENDITURES 3,500 18,154 518.7% 7,500 ENDING FUND BALANCE 45,835 40,886 40,786 2024 % 2024 ESTIMATED of 2025 OFFICER SAFETY BUDGET YEAR END Budget BUDGET # BEGINNING FUND BALANCE 15,413 15,413 15,253 REVENUES Donations 1,000 50 5.0% 500 TOTAL REVENUES 1,000 50 5.0% 500 EXPENDITURES - 210 N/A 1,000 TOTAL EXPENDITURES - 210 N/A 1,000 ENDING FUND BALANCE 16,413 15,253 14,753 Page 19 of 26 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 TOWN OF GRAND CHUTE SPECIAL REVENUE FUNDS (UNAUDITED) 2024 % 2024 ESTIMATED of 2025 ARPA BUDGET YEAR END Budget BUDGET # BEGINNING FUND BALANCE 116,290 116,290 139,200 REVENUES Federal Grant 1,244,547 1,380,050 110.9% 102,361 Investment Income 2,500 22,910 916.4% 0 TOTAL REVENUES 1,247,047 1,402,960 112.5% 102,361 EXPENDITURES Capital Equipment - IT - 55,628 N/A 102,361 Capital Equipment - Police - 315,811 N/A - Capital Equipment - PS Vehicles 357,008 6,715 1.9% - Capital Equipment - Fire 757,539 281,703 37.2% - Capital Equipment - Municipal Complex 130,000 700,394 N/A - Repair & Maint - Municipal Complex 0 19,800 15.2% - TOTAL EXPENDITURES 1,244,547 1,380,050 110.9% 102,361 ENDING FUND BALANCE 118,790 139,200 139,200 Page 20 of 26 2024 % 2024 ESTIMATED of 2025 TAX INCREMENT DISTRICT NO. 1 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 11,892 11,892 (49,962) REVENUES Taxes 339,319 307,866 90.7% 158,000 Personal Property Aid - 1,532 N/A 6,500 Interest 121,717 121,717 100.0% 136,920 Sale of Land 100,000 - 0.0% - TOTAL REVENUES 561,036 431,114 76.8% 301,420 TOTAL RESOURCES 572,928 443,006 77.3% 251,458 EXPENDITURES Salary 5,620 5,768 102.6% 5,980 Benefits 2,030 864 42.6% 1,010 Professional Services - 1,625 N/A 1,500 Misc Expense 150 150 100.0% 150 Transfer to General Fund 300,000 300,000 100.0% - Debt Principal 170,000 170,000 100.0% 170,000 Debt Interest 12,311 12,311 100.0% 13,656 Interest to Gen Fund 2,375 2,250 94.7% - TOTAL EXPENDITURES 492,486 492,968 100.1% 192,296 NET SURPLUS (LOSS) 68,550 (61,854) -90.2% 109,124 ENDING FUND BALANCE 80,442 (49,962) 59,162 TOWN OF GRAND CHUTE TAX INCREMENTAL DISTRICT NO. 1 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 (UNAUDITED) Page 21 of 26 2024 % 2024 ESTIMATED of 2025 TAX INCREMENT DISTRICT NO. 2 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 936,957 936,957 480,056 REVENUES Taxes 1,141,333 960,221 84.1% 653,500 State Shared Revenue - - N/A 133,409 Investment Revenue (40,000) (32,491) 81.2% (50,000) Sale of Land - 34,918 N/A - TOTAL REVENUES 1,101,333 962,648 87.4% 736,909 TOTAL RESOURCES 2,038,290 1,899,605 93.2% 1,216,965 EXPENDITURES Salaries 28,120 17,837 63.4% 29,910 Fringe Benefits 10,520 2,680 25.5% 5,010 Purchased Services 20,000 13,164 65.8% 111,500 Contractual Services 300,000 215,135 71.7% - Materials & Supplies 200,000 953.00 0.5% - Misc Expense 150 150 100.0% 150 Developer Contributed Facility & Plant 90,000 (19,327) -21.5% 1,529,000 Land Sales 75,000 65,000 86.7% - Debt Principal 615,000 615,000 100.0% 680,000 Debt Interest 157,733 157,733 100.0% 156,933 Interest to Gen Fund 19,000 21,225 111.7% 21,225 Transfer to General Fund 165,000 165,000 100.0% - TOTAL EXPENDITURES 1,680,523 1,254,549 74.7% 2,533,728 NET SURPLUS (LOSS) (744,190) (456,901) 61.4% (1,796,819) ENDING FUND BALANCE 192,767 480,056 (1,316,763) TOWN OF GRAND CHUTE TAX INCREMENTAL DISTRICT NO. 2 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 (UNAUDITED) Page 22 of 26 2024 % 2024 ESTIMATED of 2025 TAX INCREMENT DISTRICT NO. 3 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE 873,415 873,415 1,081,573 REVENUES Taxes 395,226 378,139 95.7% 192,400 Investment Revenue 28,000 14,337 51.2% 23,000 TOTAL REVENUES 423,226 392,476 92.7% 215,400 TOTAL RESOURCES 1,296,641 1,265,891 97.6% 1,296,973 EXPENDITURES Salaries 11,250 11,535 102.5% 11,960 Fringe Benefits 4,150 1,726 41.6% 2,010 Purchased Services 10,000 1,979 19.8% - Contractual Services 195,000 5,832 3.0% 195,000 Materials & Supplies - - N/A 180,000 Misc Expense 150 150 100.0% 150 Developer Contributed Facility & Plant 168,782 - 0.0% - Interest to Gen Fund 14,750 13,096 88.8% 11,667 Transfer to General Fund 150,000 150,000 100.0% 900,000 N/A N/A TOTAL EXPENDITURES 554,082 184,318 33.3% 1,300,787 NET SURPLUS (LOSS) (130,856) 208,158 -159.1% (1,085,387) ENDING FUND BALANCE 742,559 1,081,573 (3,814) TOWN OF GRAND CHUTE TAX INCREMENTAL DISTRICT NO. 3 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 (UNAUDITED) Page 23 of 26 2024 % 2024 ESTIMATED of 2025 TAX INCREMENT DISTRICT NO. 4 BUDGET YEAR END Budget BUDGET BEGINNING FUND BALANCE (3,846,268) (3,846,268) 14,934 REVENUES Taxes 217,247 212,866 130.6% 163,000 Other Revenue 100,000 26,797 26.8% 100,000 Investment Revenue (90,000) (65,451) -654.5% 10,000 Debt Proceeds - 4,160,000 N/A - TOTAL REVENUES 227,247 4,334,212 1907.3% 273,000 TOTAL RESOURCES (3,619,021) 487,944 -13.5% 287,934 EXPENDITURES Salaries 5,620 16,768 298.4% 5,980 Fringe Benefits 2,030 2,504 123.3% 1,010 Purchased Services 10,000 40,124 401.2% 65,000 Contractual Services 20,000 15,240 76.2% - Materials & Supplies 100,000 - 0.0% 400,000 Misc Expense 150 150 100.0% 150 Developer Contributed Facility & Plant - - N/A - Land Sales Svc Exp 8,000 - 0.0% - Debt Principal 300,000 300,000 100.0% 300,000 Debt Interest 41,200 41,200 100.0% 56,665 Debt Issuance Fee - 57,024 N/A - Interest to Gen Fund - - N/A - Transfer to General Fund - - N/A - TOTAL EXPENDITURES 487,000 473,010 97.1% 828,805 NET SURPLUS (LOSS) (259,753) 3,861,202 -1486.5% (555,805) ENDING FUND BALANCE (4,106,021) 14,934 (540,871) . TAX INCREMENTAL DISTRICT NO. 4 FUND REVENUES AND EXPENDITURES TOWN OF GRAND CHUTE FISCAL YEAR 2024 (UNAUDITED) Page 24 of 26 2024 % SANITARY DISTRICT #1 2024 ESTIMATED of 2025 WATER UTILITY BUDGET YEAR END Budget BUDGET EXPENSES PERSONNEL 940,582 950,605 101.1% 971,895 OPERATIONS & MAINTENANCE 5,684,305 5,155,374 90.7% 5,788,687 Subtotal-Operating Expense 6,624,887 6,105,980 92.2% 6,760,582 DEBT SERVICE 128,965 152,373 118.2% 395,000 CAPITAL IMPROVEMENTS 7,412,500 7,412,500 100.0% 2,186,830 Subtotal-Capital Expenses 7,541,465 7,564,873 100.3% 2,581,830 TOTAL EXPENSE 14,166,352 13,670,852 96.5% 9,342,412 REVENUES Operating Revenues 6,746,454 6,677,098 99.0% 7,784,328 Capital Revenues 17,000 34,036 200.2% 17,000 TOTAL REVENUES 6,763,454 6,711,134 99.2% 7,801,328 Net Operating Income 121,567 571,118 469.8% 1,023,746 2024 % SANITARY DISTRICT #2 2024 ESTIMATED of 2025 SEWER UTILITY BUDGET YEAR END Budget BUDGET EXPENSES PERSONNEL 692,363 639,798 92.4% 753,714 OPERATIONS & MAINTENANCE 2,772,371 2,211,117 79.8% 3,703,046 Subtotal-Operating Expense 3,464,734 2,850,914 82.3% 4,456,760 DEBT SERVICE 487,872 562,344 115.3% 45,000 CAPITAL IMPROVEMENTS 4,111,650 4,111,650 100.0% 934,000 Subtotal-Capital Expenses 4,599,522 4,673,994 101.6% 979,000 TOTAL EXPENSE 8,064,256 7,524,908 93.3% 5,435,760 REVENUES Operating Revenues 3,735,033 3,573,839 95.7% 3,258,492 Capital Revenues 0 6,193 NA 400,300 TOTAL REVENUES 3,735,033 3,580,031 95.9% 3,658,792 Net Operating Income 270,299 722,924 267.5% (1,198,268) TOWN OF GRAND CHUTE SANITARY DISTRICT 1 AND 2 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 (UNAUDITED) Page 25 of 26 2024 % SANITARY DISTRICT #3 2024 ESTIMATED of 2025 STORMWATER UTILITY BUDGET YEAR END Budget BUDGET EXPENSES PERSONNEL 725,460 478,565 66.0% 813,169 OPERATIONS & MAINTENANCE 1,635,906 405,860 24.8% 1,765,844 Subtotal-Operating Expense 2,361,366 884,425 37.5% 2,579,013 DEBT SERVICE 80,642 121,575 150.8% 750,000 CAPITAL IMPROVEMENTS 1,235,000 1,235,000 100.0% 1,340,000 Subtotal-Capital Expenses 1,315,642 1,356,575 103.1% 2,090,000 TOTAL EXPENSE 3,677,008 2,241,000 60.9% 4,669,013 REVENUES Operating Revenues 3,811,233 3,501,832 91.9% 3,699,900 Capital Revenues 0 (6,143) NA - TOTAL REVENUES 3,811,233 3,507,975 92.0% 3,699,900 Net Operating Income 1,449,867 2,617,407 180.5% 1,120,887 2024 % SANITARY DISTRICT #4 2024 ESTIMATED of 2025 EAST SIDE UTILITY BUDGET YEAR END Budget BUDGET EXPENSES PERSONNEL 10,775 - 0.0% 10,950 OPERATIONS & MAINTENANCE 23,865 14,313 60.0% 24,900 Subtotal-Operating Expense 34,640 14,313 41.3% 35,850 CAPITAL IMPROVEMENTS - - - Subtotal-Capital Expenses - - - REVENUES Operating Revenues 55,756 44,322 79.5% 48,746 TOTAL REVENUES 55,756 44,322 79.5% 48,746 Net Operating Income 21,116 30,009 142.1% 12,896 (UNAUDITED) TOWN OF GRAND CHUTE SANITARY DISTRICT 3 AND 4 FUND REVENUES AND EXPENDITURES FISCAL YEAR 2024 Page 26 of 26