Village Board Meeting Materials (PDF)

VILLA GE BOARD MEETING Monday, August 17, 2026 at 6:00 p.m. Earl McGovern Board Room And Virtually by Computer & Phone PLEAS E TAKE NOTICE that a meeting of the Brown Deer Village Board will be held at the Village Hall of the Village of Brown Deer, 4800 West Green Brook Drive, Brown Deer, Wisconsin in addition to virtually. Public can access this meeting of the Village Board by phone or by computer. The phone number is: 1-301-715-8592. The Zoom Meeting ID is: 842 4929 1353 and the Passcode is: 727092 https://us02web.zoom.us/j/84249291353?pwd=fcTadFWWtvxrBanLk61bPUsojRVbFH.1 The f ollowing items of business will be discussed and possibly acted upon: I. Roll Call II. Pledge of Allegiance III. Persons Desiring to be Heard – Email comments to cbrustmann@browndeerwi.gov by 4:00pm the day of the meeting. IV. Elected Officials & Staff Reports – No Discussion or Actions will be Taken on Reports V. Consent Agenda A) Consideration of Minutes – August 3, 2026 B) Consider Approval of Professional Services Agreement with Ruekert-Mielke for Construction, Admin & Staking Engineering Services for t he N. 47th Street Culvert Replacement Project VI. New Business A) Present and Accept 2025 Annual Comprehensive Financial Report B) Consider Approval of a Developmen t Agreement with Donut Monster LLC for a Restaurant and Bakery at 8725 N. Deerwood Drive C) Consider Approval of Ordinance No. 26-09: An Ordinance to Rezone a Parcel of Land at 8725 N. Deerwood Drive from P-Park t o OVPD – Original Village Planned Development D) Consider Approval of a Development Agreement with Institute of Technology and Academics for a School at 8900 N. Arbon Drive E) Consider Approval of Amendments to Fee Schedule F) Consider Approval of the Contract with J&H Heating to Replace Village Hall Boilers Nos. 1 & 2 VII. Adjournment s/ Ca ren Brustmann Caren Brustmann, Village Clerk August 13, 2026 The Village Board of Brown Deer currently holds meetings in person at Village Hall, or an alternative physical location as allowed by the Village Code. As a courtesy to citizens, Board meetings will also be made available live on the Zoom virtual platform for viewing and possible participation. However, the Village cannot guarantee the technology supporting the virtual viewing option will operate perfectly and continuously, or that the platform will work with every computer or mobile device. The only way to guarantee the ability to offer public comment, or view the Board meeting uninterrupted, is to appear in person. If the Zoom platform fails, the meeting will continue as scheduled. PERSONS REQUIRING SPECIAL ACCOMMODATIONS FOR ATTENDANCE AT THE MEETING SHOULD CONTACT THE VILLAGE CLERK AT LEAST ONE BUSINESS DAY PRIOR TO THE MEETING. PERSONS WHO DON’T COMPLY WITH THE VILLAGE’S VIRTUAL ATTENDANCE RULES MAY BE SUBJECT TO REMOVAL. STAFF Several Meetings with Tyler Burkart, Village Manager BOARD Chaired the Board meeting on August 3rd, 2026 MEETINGS Chaired the Plan Commission meeting on Monday, August 10th, 2026 Attended the Northshore Fire Department monthly meeting on Tuesday, August 11th, 2026 CONSTITUENTS Responding to resident complaints from the Green Court Apartment complex. EVENTS Attended the National Night Out in the Village on Thursday, August 6th at Village Park Attended the MANDI Awards on Thursday, August 13th. The Village is a finalist for The Brewers Community Foundation Public Space Award for public space that helps build the community. OTH ER 8/17/2026 VILLAGE OF BROWN DEER 4800 W. Green Brook Drive Brown Deer, Wisconsin 53223 Phone Number: 414-371-3051 | E-Mail: tburkart@browndeerwi.org | Website: www.browndeerwi.org VI LLAGE MANAGER’S REPORT T he following is a summary of this week(s) activities performed by Village Manager Burkart. O rganizational Management • I led the weekly Administration meeting each Tuesday. This allows all personnel at Village Hall to connect with one another along with the Parks and Recreation team. This meeting allocates time for staff to inform each other on what’s going on in the Village so they can better assist community members when they call and include updates for our communications. • I led our biweekly department head meeting to reflect on the previous Village Board meeting, review the upcoming Village Board agenda, and a roundtable of several department updates for the team. • Due to the resignation of Mark Sterle, Haley Wilkinson has now taken over the code enforcement duties. She is working in collaboration with the Village Manager, Police Department, and Public Works Department on addressing some active and new cases. F iscal / Business Management • I met with business leaders with TAPCO to give them updates on the Village and learn more about current news with their business. • Department heads are finalizing their 2027 budget submissions. Finance Director Derrick Danner and I will be meeting with department heads the week of August 17-21 to review their submissions. • I attended the August 10 Plan Commission meeting as they reviewed development agreements for Donut Monster and a proposed school at the old Rite Hite building. Their recommendations will be considered at the August 17 Village Board meeting. R elationship with Village Board • I talked with President Montgomery regarding Village Board agenda and other updates. L ong Range Planning • Damon Farber shared their focus group summary on Community Square with staff as they begin to put together design concepts based on the recent community and focus group feedback. P ublic Relations • I attended the Bradley Crossing Back to School Barbecue on August 13 to meet residents at the event. • Eight Village staff and officials attended the MANDI awards reception on August 13 for the nomination of Ten Mile Park. Ten Mile Park was up for the public spaces award sponsored by the Brewers Community Foundation. The community also had a chance to vote for Ten Mile Park from August 3-12 for the People’s Choice Award. Intergovernmental Relations • I attended the August 3 Brown Deer Historical Society meeting. The board walked through the Little White School House for the first time. Building Inspector Kirk Radtke identified some building maintenance projects for the board to consider. • I attended the August 11 North Shore Fire Board meeting. They presented their 2027 budget options they are considering given rising costs, especially for duty disability and health insurance for the fire department. VILLAGE OF BROWN DEER 4800 W. Green Brook Drive Brown Deer, Wisconsin 53223 Email: parkrec@browndeerwi.org Phone Number: 414-371-3073 | E-Mail: dmattefs@browndeerwi.gov | Website: www.browndeerwi.org B ROWN DEER PARKS & RECREATION DEPARTMENT REPORT August 2026 The following is a summary of the recent activities performed by the Parks & Recreation Department. G eneral Department News: • Summer Playground wrapped up for the Summer on Friday, July 25 • Swim Lessons to finish, August 12 • Summer Rock Climbing to finish, August 13 • Brown Deer Pond closes, Sunday, August 16 o Make-up day for the Brown Deer Library Board Ice Cream Social • • W PRA Discount Ticket Program – Tickets available at Village Hall during regular business hours o Milwaukee County Zoo o Noah’s Ark o Mt. Olympus • Fall Registration Opening August 14 • Working on 2027 Budget Food Pantry: • Present at Community Vibes, August 11 and August 19 • Donation Collection on Election Day, August 11 • Donation Collection Sites o Village Hall, Brown Deer Library, Lois & Tom Dolan Community Center, and Brown Deer School District Office • Hours of Operation o Wednesdays, 10:30am – 12:00pm o Thursdays, 4:30pm – 6:00pm o Saturdays, 9:30am – 11:00am Park Updates: • Village Park & Pond • Fairy Chasm Park o Brown Deer Kickers Season, August o Bathrooms Tentative Close in October • Badger Meter River Park o Forward Outdoor continue operations for the season. • Community Square o Community Engagement on July 15 (Community Vibes) and July 27 (Focus Group) o Next: Concept Design • North Shore Rotary Park o Fundraising Ongoing o Next: BID • Ten Mile Park o MANDI Awards, August 13 Special Events: Community Vibes August 11, June Make-Up: The Tailspin Band August 19, Back to School Night: The Hot Reds Movies in the Park August 21, Zootopia 2 VILLAGE OF BROWN DEER 4800 W. Green Brook Drive Brown Deer, Wisconsin 53223 Phone Number: 414.371.3021 | E-Mail: mmaederer@browndeerwi.org | Website: www.browndeerwi.org Department of Public Works REPORT – 08/17/2026 The following is a summary of the recent activities performed by: Matthew S. Maederer, PE, Director of Public Works/Village Engineer & DPW Staff GENERAL: The following is a list of the 2026 projects that are in progress: • N. 47th During the August Street Culvert Replacement Project o Contracts have been executed for this project w/ Vinton Construction. o The preconstruction meeting was held on Thursday, 07/30. o Construction will start on Monday, September 21st and the anticipated completion date is October 12th. • N. Sherman Blvd/CTH G (from W. Bradley Road to W. Dean Road) o Milwaukee County is leading the project. o Full reconstruction of Sherman from Bradley to Dean. o Driveway paving and shared-use path paving is on-going. Traffic is scheduled to flip onto the new roadway at the end of August. o Project completion date is mid-November 2026. • N. 51st Street Bridge Replacement o This project is facilitated by WisDOT. o Lunda is the prime contractor. o Most of the storm sewer structures and large/twin 60-inch concrete pipes have been installed. o The existing structure has been demoed. o Upcoming work includes the construction of the north abutment. • Village Hall Parking Lot Reconstruction o The project is substantially complete! Wolf Paving did a great job and completed the project on-time before the 4th of July. o The project was funded with MMSD “green infrastructure funding for stormwater elements like the pervious pavers and bioretention areas. o The only remaining items are the final punch list. • Water Main Relay – W. Woodale Avenue (Teutonia to Sherman) o Work started the week of 07/20 and is expected to be complete by end-August. o Work includes replacing the existing 6-inch Cast Iron Main w/ 8-inch PVC. Services will be reconnected, new valves installed, and new fire hydrants. 2 WINTER OPERATIONS: • The annual salt bid from WisDOT was received. The price of salt for the 2026/2027 season will be $85.61/ton. For reference last year’s price was $83.20/ton. The Village ordered 1,000-tons of guaranteed fill salt and has 200-tons on reserve. SANITARY SEWER: • The Sanitary Sewer Technician started sewer cleaning in the southeast quadrant of the Village in the neighborhood of N. Cedarburg Road, N. 38th Street, and N. 37th Street, etc. • Design work is ongoing as part of the approved work plan with MMSD for a sewer lateral replacement project in the basin tributary to the Lift Station (County Line Estates) in the far NW corner of the Village (N. 67th Street & W. County Line Road). Design work will occur in 2026, and construction is expected to occur in the summer of 2027. • The 2026 Cured-In-Place Pipe (CIPP) lining project will take place on N. 51st Street from W. Brown Deer Road to Beech Court. The project has been awarded to Visu-Sewer. Work will begin in the fall of 2026. STORMWATER: • The crew is completing various ditching operations throughout the Village. In addition to driveway culvert replacements the crew completed a ditch cleaning effort along N. 47th Street from Fountain to Parkland. • The Director met with the North Shore Group and the WDNR to discuss our joint stormwater NR216 permit renewal. This permit guides future stormwater projects with the goal of protecting receiving waterways. BEAUTIFICATION/FORESTRY: • The crew is completing grass mowing operations, and the summer workers are line trimming. Summer workers are also mulching the median planter beds. STREETS &TRAFFIC: • The Village’s asphalt patching contractor, Poblocki, was in the Village on Thursday and Friday (08/06 and 08/07) completing the varies asphalt patches which includes past water main break locations and storm sewer pipe/culvert replacements. The DPW crew prepped each patch area ahead of the paving contractor. • The Director is working on preparing documents for the annual concrete replacements. Locations include damaged sidewalk slabs and curb & gutter replacements. • The Director is working on processing/approving utility right-of-way permits from WE- Energies, AT&T, Spectrum, and various fiber optic/communication companies. Utility permits are processed and approved for work occurring within Village R/W. Plans are reviewed for placement and conflicts with Village owned facilities. 3 REFUSE AND RECYCLING: • DPW continues picking trash in all the medians weekly. Bus Stops are picked free of litter weekly. • The tub grinder was at DPW the week of 07/20 grinding up the existing brush pile and turning it into fresh mulch. PARK & REC DEPT.: • The DPW crew services Fairy Chasm & Ten Mile Park daily. Restrooms are cleaned and all litter is picked. Library: • No Update. Special Events – Farmer’s Market • The crew assists weekly with set-up for the weekly market. Special Events – School District • No Update. DPW Facility • Maintenance and shop cleaning. BROWN DEER VILLAGE BOARD AUGUST 3, 2026 MEETING MINUTES HELD AT THE BROWN DEER VILLAGE HALL 4800 WEST GREEN BROOK DRIVE The m eeting was called to order by President Montgomery at 6:00pm. I. Roll Call Pres ent: President Montgomery, Trustees Edelen, Greaves, Johnson, Owens, Thompson and Woods Also Present: Village Attorney Nathan Bayer, Village Manager Tyler Burkart, Community Services Director Nate Piotrowski, Finance Director Derrick Danner, Director of Public Works Matthew Maederer (zoom) and Village Clerk Caren Brustmann II. Pers ons Desiring to be Heard Debb ie Woods, 3435 W. Pelican Lane; made staff aware that the handicap wheel bumpers are not secured in place in the Village Hall parking lot. III. Elec ted Officials & Staff Reports No ac tion was taken. IV. Cons ent Agenda A) Consideration of Minutes – July 20, 2026 B) Consider Approval of Kim Lechner to Plan Commission It wa s moved by Trustee Thompson and seconded by Trustee Owens to approve the consent agenda as presented. The motion carried unanimously. V. New Business A) Pres ent Update on Recreation Center with Cobalt Partners Scott Yauck, Cobalt Partners, presented an update on the planning and design of a proposed recreation center, including site layout, building components, and parking considerations. The facility will feature ice rinks, a turf field, basketball and volleyball courts, with plans to be used year-round for tournaments and community programming. The next steps include developing a 3D model with architectural renderings and creating a promotional video within the next couple of months for presentation. No action was taken. B) Consider Approval of Service Agreement with BS&A Mr. Danner introduced the service agreement for the Village’s financing, utility billing, and building permit software. The software will be upgraded to a cloud-based model. Many municipalities in the area currently use BS&A software. Steve Bryan, of BS&A, was present via zoom to address any questions or concerns from the Village Board. It was moved by Trustee Owens and seconded by Trustee Greaves to approve the service agreement with BS&A. The motion was carried unanimously. C) C onsider Approval of Retail Sales Application with Wizard Works Brewing Company T his item was not heard as an offer was not accepted for the proposed building. D) C onsider Amendment to the Donut Monster, LLC Offer to Purchase Property at 8725 N. Deerwood Dr M r. Piotrowski explained Atwood LLC, dba Donut Monster, made some minor changes to the previous offer to purchase that was approved. Changes include a closing date no later than November 7, 2026, addition of a financing contingency within offer and addendum, and addition of appraisal and environmental contingency in addendum. I t was moved by Trustee Greaves and seconded by Trustee Woods to approve the amendment to the Donut Monster, LLC offer to purchase property at 8725 N. Deerwood Drive. The motion was carried unanimously. E ) Consider Approval of Resolution No. 26-07: A Resolution Approving 2027-2031 Capital Improvement P lan for the Village of Brown Deer M r. Burkart noted the proposed 2027-2031 Capital Improvement Plan was presented to the Village Board on July 20. The resolution is being considered to adopt the plan to be included in the 2027 budget. I t was moved by Trustee Thompson and seconded by Trustee Edelen to approve resolution no. 26-07 approving 2027-2031 Capital Improvement Plan for the Village of Brown Deer. The motion was carried unanimously by a roll call vote. F) C onsider Approval of Resolution No. 26-08: A Resolution Declaring a Public Emergency Necessitating an Exemption to Public Bidding Requirements M r. Maederer expressed the unprecedented 70 mph winds from March caused damage to the storage bin roof at the DPW facility. Due to this being a public emergency, the resolution would bypass the need for a public bidding process to make necessary repairs to the roof. I t was moved by Trustee Owens and seconded by Trustee Thompson to approve resolution no. 26-08 declaring a public emergency necessitating an exemption to public bidding requirements. The Motion was carried unanimously by a roll call vote. G) C onsider Approval of Contract with New Roofs Inc. for Emergency Repairs at 8950 N. Arbon Drive – DPW Material Storage Bin Roof Repair M r. Maederer reported two contractors submitted quotes for the necessary repair work to the roof. New Roofs, Inc. was selected for the project at a price of $99,901.19. The new roof will include hurricane clips to improve wind resistance, and the quote also includes repair to a fallen light pole. I t was moved by Trustee Woods and seconded by Trustee Thompson to approve the contract with New Roofs, Inc. for emergency repairs at 8950 N. Arbon Drive – DPW material storage bin roof repair. The motion was carried unanimously. V II. Adjournment It w as moved by President Montgomery to adjourn at 6:43 p.m. C aren Brustmann Village Clerk 1 REQUEST FOR CONSIDERATION COMMITTEE: Village Board ITEM DESCRIPTION: N. 47th Street Culvert Replacement – Construction Admin & Staking Services PREPARED BY: Matthew S. Maederer, Director of Public Works REPORT DATE: August 17, 2026 MANAGER'S REVIEW/COMMENTS: No additional comments to this report. See additional comments attached. RECOMMENDATION: Consider Approval of the Professional Services Agreement with Ruekert -Mielke for Construction Admin & Staking Engineering Services for the N. 47th Street Culvert Replacement Project. EXPLANATION: As the design engineer of record, a task order is requested to be entered into w ith R&M for construction admin ( i.e. shop drawing reviews, pay requests, design modifications, etc.) and construction staking services. The project is being funded as follows: Expenses: Task Actual Cost Design Engineering w/ R&M $40,630.00 Construction Contract $322,623.02 Construction Admin & Staking w/ R&M $18,000.00 Total $381,253.02 Budget Funding Source Amount CIP Stormwater Projects $300,000.00 CIP Road Projects (FEMA) $300,000.00 Total $600,000.00 Balance • $218,746.98* *Balance will be used for on -site con struction inspections and project unknowns. Remaining balance will return to the “fund balance” in the stormwater utility. Attachments: 1. Professional Services Agreement w/ R&M (Task Order) Page1 8/3/26 Ruekert & Mielke, Inc. ~8145-00000 > Task Orders > Task Order 2026-02 N47th St Construction Services.docx This is ATTACHMENT 1, consisting of 2 pages, referred to in and part of the Agreement between Client and Consultant for Professional Services – Task Order Edition dated March 11, 2026. Task Order No. 2026-02 In ac cordance with Article 1 of the Agreement Between Client and Consultant for Professional Services – Task Order Edition, dated March 11, 2026 ("Agreement"), Client and Consultant agree as follows: 1. Sp ecific Project Data A. Title: N. 47th Street Culvert Replacement B. Description: The project consists of construction-related services for the N 47th Street culvert replacement project. 2. Services of Consultant • Construction administration: Redesign of 30 -inch culvert outfall that is currently designed to outfall through proposed wingwall, attendance at preconstruction meeting, review and processing of any change order requests, review payment applications, answer Contractor questions, and coordinate compliance with WDNR waterway permit including closing out the permit. • Field Survey: Provide 3 stakeout visits (assume 3 days of 1-person survey or 3 (1/2) days of a 2-person survey crew) including culvert stakeout, paving stakeout and asbuilt survey/miscellaneous. Provide asbuilt record drawing and GIS shapefile. • Construction Review Services: Provide spot check construction review visits during culvert installation, prior to paving, after paving and a final walkthrough/Punchlist visit. Also coordinate with DNR to provide a certified Fisheries Biologist at the time of the stream bypass cofferdam installation per water permit requirements. 3. Client's Responsibilities • Approve of final payment recommendation and change orders. Coordinate with Contractor. 4. Ti mes for Rendering Services • We will work with Contractor and Village with the start date estimated as September 21, 2026. We anticipate all work to be completed by late fall, 2026. 5. Pay ments to Consultant A. Client shall pay Consultant for services rendered as follows: Time and Materials with an estimated amount of $18,000.00 B. The t erms of payment are set forth in Article 4 of the Agreement. 6. Other Modifications to Agreement: NONE. 7. At tachments: NONE. 8. Doc uments Incorporated By Reference: NONE. Page 2 8/3/26 Ruekert & Mielke, Inc. ~8145-00000 > Task Orders > Task Order 2026-02 N47th St Construction Services.docx TASK ORDER Task Order No. 2026-02 N 47thg Street Culvert Replacement Between Village of Brown Deer and Ruekert & Mielke, Inc. Dated July 31, 2026 T erms and Conditions: Execution of this Task Order by Client and Consultant shall make it subject to the terms and conditions of the Agreement (as modified above), which Agreement is incorporated by this reference. Consultant is authorized to begin performance upon its receipt of a copy of this Task Order signed by Client. T he Effective Date of this Task Order is August 3, 2026 CL IENT: CONSULTANT: V illage of Brown Deer Ruekert & Mielke, Inc. S ignature: Signature: N ame: Name: Jason P. Lietha, P.E. T itle: Title: Chief Operating Officer D ESIGNATED REPRESENTATIVE FOR TASK ORDER DESIGNATED REPRESENTATIVE FOR TASK ORDER (Per Paragraph 7.03.A): (Per Paragraph 7.03.A): D esignated Representative: Designated Representative: N ame: Name: Terry Tavera, PE, CFM, CPESC T itle: Title: Senior Civil Engineer P hone Number: Phone Number: (262) 542-5733 E mail: Email: TTavera@ruekert-mielke.com August 6, 2026 Members of the Board of Trustees Village of Brown Deer Brown Deer, Wisconsin We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Village of Brown Deer (the Village), Wisconsin for the year ended December 31, 2025. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards (and, if applicable, Government Auditing Standards and the Uniform Guidance), as well as certain information related to the planned scope and timing of our audit. We have communicated such information to you in our engagement letter. Professional standards also require that we communicate to you the following information related to our audit. Significant Audit Findings Qualitative Aspects of Accounting Practices Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the Village are described in the Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during the year ended December 31, 2025. We noted no transactions entered into by the Village during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the governmental and business-type activities’ financial statements are noted below. Management’s estimates of the: • Depreciation/amortization expense on capital assets is based on estimated useful lives of the underlying capital assets • Net pension related accounts are based on estimated assumptions used by the actuary • Total OPEB related accounts are based on estimated assumptions used by the actuary We evaluated the key factors and assumptions used to develop the above estimates in determining that it is reasonable in relation to the financial statements taken as a whole. The financial statement disclosures are neutral, consistent, and clear. Difficulties Encountered in Performing the Audit We encountered no significant difficulties in dealing with management in performing and completing our audit. Village of Brown Deer, Wisconsin August 6, 2026 Page 2 Corrected and Uncorrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Any material misstatements detected as a result of audit procedures were corrected by management. Disagreements with Management For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit. Management Representations We have requested certain representations from management that are included in the management representation letter dated August 6, 2026. Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the Village’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. Other Audit Findings or Issues We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the Village’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. Other Matters We applied certain limited procedures to the required supplementary information (RSI), as listed in the table of contents, that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the other supplementary information and supplemental schedules, as listed in the table of contents, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with the accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. Village of Brown Deer, Wisconsin August 6, 2026 Page 3 Restrictions on Use This information is intended solely for the use of the Board of Trustees and management of the Village and is not intended to be, and should not be, used by anyone other than these specified parties. We wish to express our gratitude to the Board of Trustees and staff (in particular the Finance Department) of the Village of Brown Deer, Wisconsin for their valuable cooperation throughout the audit engagement. LAUTERBACH & AMEN, LLP VILLAGE OF BROWN DEER, WISCONSIN ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025 4800 W Green Brook Drive Brown Deer, WI 53223 Phone: 414.371.3000 www.browndeerwi.org PAGE FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT 1 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements Statement of Net Position 6 Statement of Activities 8 Fund Financial Statements Balance Sheet - Governmental Funds 10 Reconciliation of Total Governmental Fund Balance to the Statement of Net Position - Governmental Activities 12 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds 14 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities - Governmental Activities 16 Statement of Net Position - Proprietary Funds 18 Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds 20 Statement of Cash Flows - Proprietary Funds 21 Statement of Fiduciary Net Position 22 Statement of Changes in Fiduciary Net Position 23 Notes to the Financial Statements 24 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Employer Contributions - Last Ten Fiscal Years Wisconsin Retirement System 65 Schedule of Proportionate Share of the Net Pension Liability/(Asset) - Last Ten Measurement Years Wisconsin Retirement System 66 Notes to the Required Supplementary Information Wisconsin Retirement System 67 Schedule of Changes in the Employer's Total OPEB Liability Retiree Benefits Plan 70 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual General Fund 72 VILLAGE OF BROWN DEER, WISCONSIN TABLE OF CONTENTS PAGE FINANCIAL SECTION - Continued OTHER SUPPLEMENTARY INFORMATION Schedule of Revenues - Budget and Actual - General Fund 78 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Debt Service Fund 79 TIF No. 4 - Capital Projects Fund 80 TIF No. 5 - Capital Projects Fund 81 Capital Improvements - Capital Projects Fund 82 Combining Balance Sheet - Nonmajor Governmental Funds 83 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds 85 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual Special Assessments - Special Revenue Fund 87 Library Operations - Special Revenue Fund 88 North Shore Health Department - Special Revenue Fund 89 Recycling - Special Revenue Fund 90 Park and Recreation Program - Special Revenue Fund 91 Strehlow Donation - Special Revenue Fund 92 Brown Deer Farmers Market - Special Revenue Fund 93 Tourism Commission - Special Revenue Fund 94 Policing Services - Special Revenue Fund 95 TIF No. 3 - Capital Projects Fund 96 TIF No. 6 - Capital Projects Fund 97 Schedule of Revenues, Expenses, and Changes in Net Position - Budget and Actual Water Utility - Enterprise Fund 98 Sewer Utility - Enterprise Fund 99 Storm Water Utility - Enterprise Fund 100 VILLAGE OF BROWN DEER, WISCONSIN TABLE OF CONTENTS PAGE FINANCIAL SECTION - Continued SUPPLEMENTAL SCHEDULES Long-Term Debt Requirements General Obligation Corporate Purpose Bonds of 2011 102 General Corporate Purpose Bonds of 2012 103 General Obligation Refunding Bonds of 2012 104 General Obligation Corporate Purpose Bonds of 2014 105 General Obligation Corporate Purpose Bonds of 2016 106 General Obligation Refunding Bonds of 2018 107 General Obligation Refunding Bonds of 2018A 108 General Obligation Refunding Bonds of 2019 109 General Obligation Refunding Bonds of 2020 110 General Obligation Promissory Note of 2022 111 General Obligation Promissory Note of 2024 112 Taxable Anticipation Notes of 2025 113 Taxable Anticipation Notes of 2025B 114 VILLAGE OF BROWN DEER, WISCONSIN TABLE OF CONTENTS FINANCIAL SECTION This section includes: Independent Auditor's Report Management’s Discussion and Analysis Basic Financial Statements Required Supplementary Information Other Supplementary Information Supplemental Schedules INDEPENDENT AUDITOR'S REPORT This section includes the opinion of the Village’s independent auditing firm. INDEPENDENT AUDITOR'S REPORT August 6, 2026 Members of the Board of Trustees Village of Brown Deer Brown Deer, Wisconsin Report on the Audit of the Financial Statements Opinion We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Village of Brown Deer (the Village), Wisconsin, as of and for the year ended December 31, 2025 , and the related notes to the financial statements, which collectively comprise the Village’s basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Village of Brown Deer , Wisconsin , as of December 31, 2025 , and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards , issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Village, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Village’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. 1 Village of Brown Deer, Wisconsin August 6, 2026 Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Village’s internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Village’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, the budgetary comparison schedules, and supplementary pension and other post- employment benefit (OPEB) schedules , as listed in the table of contents, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Management has omitted a Management’s Discussion and Analysis t hat accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinions on the basic financial statements are not affected by this missing information. 2 Village of Brown Deer, Wisconsin August 6, 2026 Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Village of Brown Deer , Wisconsin’s basic financial statements. The other supplementary information and supplemental schedules are is presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, other supplementary information and supplemental schedules are is fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated August 6, 2026, on our consideration of the Village’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Village’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Village’s internal control over financial reporting and compliance. LAUTERBACH & AMEN, LLP 3 BASIC FINANCIAL STATEMENTS The basic financial Statements include integrated sets of financial statements as required by the GASB. The sets of statements include: Government-Wide Financial Statements Fund Financial Statements Governmental Funds Proprietary Funds Fiduciary Fund In addition, the notes to the financial statements are included to provide information that is essential to a user’s understanding of the basic financial statements. 4 See Following Page VILLAGE OF BROWN DEER, WISCONSIN Statement of Net Position December 31, 2025 5 Primary Government Governmental Business-Type Activities Activities Totals ASSETS Current Assets Cash and Investments $ 10,347,258 4,180,340 14,527,598 Receivables - Net of Allowances Taxes 8,049,982 506,538 8,556,520 Accounts 1,720,622 853,642 2,574,264 Leases 10,014 654,668 664,682 Accrued Interest 58,112 8,982 67,094 Internal Balances (500,000) 500,000 — Prepaids — 31,363 31,363 Total Current Assets 19,685,988 6,735,533 26,421,521 Noncurrent Assets Capital Assets Nondepreciable 6,029,377 76,349 6,105,726 Depreciable 54,547,991 39,464,859 94,012,850 Accumulated Depreciation (26,902,172) (17,458,202) (44,360,374) Total Noncurrent Assets 33,675,196 22,083,006 55,758,202 Total Assets 53,361,184 28,818,539 82,179,723 DEFERRED OUTFLOWS OF RESOURCES Deferred Items - WRS 3,962,662 107,799 4,070,461 Deferred Items - RBP 130,286 — 130,286 Unamortized Loss on Refunding 167,197 10,047 177,244 Total Deferred Outflows of Resources 4,260,145 117,846 4,377,991 Total Assets and Deferred Outflows of Resources 57,621,329 28,936,385 86,557,714 VILLAGE OF BROWN DEER, WISCONSIN Statement of Net Position December 31, 2025 The notes to the financial statements are an integral part of this statement. 6 Primary Government Governmental Business-Type Activities Activities Totals LIABILITIES Current Liabilities Accounts Payable $ 2,024,033 892,328 2,916,361 Retainage Payable 93,580 16,696 110,276 Accrued Payroll 505,612 3,653 509,265 Deposits Payable 15,645 54,339 69,984 Accrued Interest Payable 213,078 — 213,078 Unearned Revenues 10,926 99,192 110,118 Current Portion of Long-Term Liabilities 2,500,226 768,279 3,268,505 Total Current Liabilities 5,363,100 1,834,487 7,197,587 Noncurrent Liabilities Compensated Absences Payable 367,968 25,114 393,082 Net Pension Liability - WRS 661,364 18,156 679,520 Net OPEB Liability - RBP 636,988 — 636,988 General Obligation Bonds Payable - Net 12,462,486 4,765,114 17,227,600 Notes Payable - Net 11,121,209 1,328,724 12,449,933 Leases Payable 39,588 — 39,588 Due to Developer Payable 280,000 — 280,000 Total Noncurrent Liabilities 25,569,603 6,137,108 31,706,711 Total Liabilities 30,932,703 7,971,595 38,904,298 DEFERRED INFLOWS OF RESOURCES Property Taxes 13,708,037 — 13,708,037 Leases 4,900 623,112 628,012 Deferred Items - WRS 1,932,270 53,045 1,985,315 Deferred Items - RBP 364,223 — 364,223 Total Deferred Inflows of Resources 16,009,430 676,157 16,685,587 Total Liabilities and Deferred Inflows of Resources 46,942,133 8,647,752 55,589,885 NET POSITION Net Investment in Capital Assets 19,424,970 15,479,852 34,904,822 Restricted Police Donations 68,103 — 68,103 Village Grant 8,124 — 8,124 Library 1,103,038 — 1,103,038 Police Asset Forfeiture 12,811 — 12,811 Strehlow Donation 45,163 — 45,163 Brown Deer Farmers Market 10,833 — 10,833 Tourism Commission 93,275 — 93,275 Policing Services 50,594 — 50,594 Unrestricted (Deficit) (10,137,715) 4,808,781 (5,328,934) Total Net Position 10,679,196 20,288,633 30,967,829 The notes to the financial statements are an integral part of this statement. 7 Program Revenues Charges Operating Capital for Grants/ Grants/ Expenses Services Contributions Contributions Governmental Activities General Government $ 2,362,651 1,166,874 198,143 — Public Safety 9,039,727 996,303 — — Public Works 5,930,794 47,047 624,634 1,755,548 Health and Human Services 1,286,138 831,037 351,837 — Culture, Recreation, and Education 4,036,275 364,712 9,000 — Conservation and Development 2,080,561 — 52,132 — Interest on Long-Term Debt 847,949 — — — Total Governmental Activities 25,584,095 3,405,973 1,235,746 1,755,548 Business-Type Activities Water Utility 1,930,120 2,352,221 — 194,300 Sewer Utility 1,768,912 1,941,969 — — Storm Water Utility 1,022,172 1,315,928 — — Total Business-Type Activities 4,721,204 5,610,118 — 194,300 Total Primary Government 30,305,299 9,016,091 1,235,746 1,949,848 General Revenues Taxes Property Taxes Room Taxes Intergovernmental - Unrestricted Shared Taxes from State Shared Revenue Investment Income Miscellaneous Transfers - Internal Activity Change in Net Position Net Position - Beginning Net Position - Ending VILLAGE OF BROWN DEER, WISCONSIN Statement of Activities For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 8 Net (Expenses)/Revenues Primary Government Governmental Business-Type Activities Activities Totals (997,634) — (997,634) (8,043,424) — (8,043,424) (3,503,565) — (3,503,565) (103,264) — (103,264) (3,662,563) — (3,662,563) (2,028,429) — (2,028,429) (847,949) — (847,949) (19,186,828) — (19,186,828) — 616,401 616,401 — 173,057 173,057 — 293,756 293,756 — 1,083,214 1,083,214 (19,186,828) 1,083,214 (18,103,614) 12,486,127 — 12,486,127 398,523 — 398,523 103,529 — 103,529 1,518,857 — 1,518,857 547,642 117,028 664,670 805,816 166,760 972,576 269,694 (269,694) — 16,130,188 14,094 16,144,282 (3,056,640) 1,097,308 (1,959,332) 13,735,836 19,191,325 32,927,161 10,679,196 20,288,633 30,967,829 The notes to the financial statements are an integral part of this statement. 9 Debt General Service ASSETS Cash and Investments $ 3,274,288 1,152,775 Receivables - Net of Allowances Taxes 4,671,154 1,370,977 Accounts 355,262 — Accrued Interest 39,344 128 Leases — — Due from Other Funds 2,702,777 — Advances to Other Funds 6,593,596 — Total Assets 17,636,421 2,523,880 LIABILITIES Accounts Payable 302,773 — Retainage Payable — — Accrued Payroll 462,347 — Deposits Payable 15,645 — Unavailable Revenues — — Due to Other Funds — 888,253 Advances from Other Funds — — Total Liabilities 780,765 888,253 DEFERRED INFLOWS OF RESOURCES Property Taxes 7,617,344 2,487,602 Leases — — Total Deferred Inflows of Resources 7,617,344 2,487,602 Total Liabilities and Deferred Inflows of Resources 8,398,109 3,375,855 FUND BALANCES Nonspendable 6,593,596 — Restricted 68,103 — Committed — — Unassigned 2,576,613 (851,975) Total Fund Balances 9,238,312 (851,975) Total Liabilities, Deferred Inflows of Resources, and Fund Balances 17,636,421 2,523,880 VILLAGE OF BROWN DEER, WISCONSIN Balance Sheet - Governmental Funds December 31, 2025 The notes to the financial statements are an integral part of this statement. 10 Capital Projects TIF No. 5 (Formerly Capital TIF No. 4 Nonmajor) Improvements Nonmajor Totals 678,062 1,671,252 221,963 3,315,265 10,313,605 758,074 26,744 255,722 967,311 8,049,982 28,836 — 876,133 460,391 1,720,622 — — 1,422 17,218 58,112 — — — 10,014 10,014 — 385,788 — — 3,088,565 — — — — 6,593,596 1,464,972 2,083,784 1,355,240 4,770,199 29,834,496 5,329 45,769 1,180,824 489,338 2,024,033 — — 93,580 — 93,580 — — — 43,265 505,612 — — — — 15,645 — — — 10,926 10,926 — — 2,175,748 524,564 3,588,565 6,593,596 — — — 6,593,596 6,598,925 45,769 3,450,152 1,068,093 12,831,957 1,274,579 44,965 464,000 1,819,547 13,708,037 — — — 4,900 4,900 1,274,579 44,965 464,000 1,824,447 13,712,937 7,873,504 90,734 3,914,152 2,892,540 26,544,894 — — — — 6,593,596 — 1,993,050 — 1,323,838 3,384,991 — — — 993,567 993,567 (6,408,532) — (2,558,912) (439,746) (7,682,552) (6,408,532) 1,993,050 (2,558,912) 1,877,659 3,289,602 1,464,972 2,083,784 1,355,240 4,770,199 29,834,496 The notes to the financial statements are an integral part of this statement. 11 Total Governmental Fund Balances $ 3,289,602 Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in Governmental Activities are not financial resources and therefore, are not reported in the funds. 33,675,196 Deferred outflows (inflows) of resources related to the pensions not reported in the funds. Deferred Items - WRS 2,030,392 Deferred Items - RBP (233,937) Long-term liabilities are not due and payable in the current period and therefore are not reported in the funds. Compensated Absences Payable (459,960) Net Pension Liability - WRS (661,364) Net OPEB Liability - RBP (667,774) General Obligation Bonds Payable (13,810,000) Notes Payable (11,420,000) Leases Payable (79,036) Due to Developer Payable (420,000) Unamortized Bond Premium (551,695) Unamortized Loss on Refunding 167,197 Accrued Interest Payable (213,078) Internal service funds are used by the City to charge the costs of health and dental insurance benefits to individual funds. The assets and liabilities of the internal service funds are included in the governmental activities in the Statement of Net Position. 33,653 Net Position of Governmental Activities 10,679,196 VILLAGE OF BROWN DEER, WISCONSIN Reconciliation of the Total Governmental Fund Balance to the Statement of Net Position - Governmental Activities December 31, 2025 The notes to the financial statements are an integral part of this statement. 12 See Following Page VILLAGE OF BROWN DEER, WISCONSIN Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds For the Fiscal Year Ended December 31, 2025 13 Debt General Service Revenues Taxes $ 7,961,035 2,194,511 Intergovernmental 2,296,856 — Licenses and Permits 318,492 — Charges for Services 848,382 — Fines and Forfeitures 368,269 — Public Improvement Revenues — — Investment Income 415,838 — Miscellaneous 241,453 — Total Revenues 12,450,325 2,194,511 Expenditures General Government 1,911,603 — Public Safety 7,842,096 — Public Works 1,682,039 — Health and Human Services 141,791 — Culture, Recreation, and Education 325,025 — Conservation and Development 450,111 — Capital Outlay — — Debt Service Principal Retirement 39,309 1,561,908 Interest and Fiscal Charges 5,169 632,711 Total Expenditures 12,397,143 2,194,619 Excess (Deficiency) of Revenues Over (Under) Expenditures 53,182 (108) Other Financing Sources (Uses) Debt Issuance — — Transfers In 269,694 — Transfers Out (33,653) — 236,041 — Net Change in Fund Balances 289,223 (108) Fund Balances - as Previously Reported 8,949,089 (851,867) Adjustment - Nonmajor to Major — — Fund Balances - as Adjusted 8,949,089 (851,867) Fund Balances - Ending 9,238,312 (851,975) VILLAGE OF BROWN DEER, WISCONSIN Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 14 Capital Projects TIF No. 5 (Formerly Capital TIF No. 4 Nonmajor) Improvements Nonmajor Totals 1,057,591 — 470,500 1,201,013 12,884,650 17,397 — 1,755,548 543,879 4,613,680 — — — 193,675 512,167 — — — 1,630,108 2,478,490 — — — — 368,269 — — — 47,047 47,047 — 68,106 — 63,698 547,642 28,836 — 9,816 525,711 805,816 1,103,824 68,106 2,235,864 4,205,131 22,257,761 — 60,000 — — 1,971,603 — — — 297,041 8,139,137 — 6,219 — 543,985 2,232,243 — — — 1,117,138 1,258,929 — — — 1,562,972 1,887,997 141,477 82,397 — 212,192 886,177 1,193,540 4,469,193 5,653,492 — 11,316,225 108,092 — — 475,000 2,184,309 1,742 220,799 — 18,081 878,502 1,444,851 4,838,608 5,653,492 4,226,409 30,755,122 (341,027) (4,770,502) (3,417,628) (21,278) (8,497,361) — 6,860,000 — — 6,860,000 250,000 — — — 519,694 — — — (250,000) (283,653) 250,000 6,860,000 — (250,000) 7,096,041 (91,027) 2,089,498 (3,417,628) (271,278) (1,401,320) (6,317,505) — 858,716 2,052,489 4,690,922 — (96,448) — 96,448 — (6,317,505) (96,448) 858,716 2,148,937 4,690,922 (6,408,532) 1,993,050 (2,558,912) 1,877,659 3,289,602 The notes to the financial statements are an integral part of this statement. 15 Net Change in Fund Balances - Total Governmental Funds $ (1,401,320) Amounts reported for governmental activities in the Statement of Activities are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. Capital Outlays 5,161,035 Depreciation Expense (1,990,537) Disposals - Cost (144,259) Disposals - Accumulated Depreciation 100,808 The net effect of deferred outflows (inflows) of resources related to the pensions not reported in the funds. Change in Deferred Items - WRS (141,941) Change in Deferred Items - RBP (31,964) The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal on long-term debt consumes the current financial resources of the governmental funds. Change in Compensated Absences Payable 54,626 Change in Net Pension Liability/(Asset) - WRS (63,135) Change in Net OPEB Liability - RBP 11,532 Issuance of Debt (6,860,000) Retirement of Debt 2,184,309 Amortization of Bond Premium 80,055 Changes to accrued interest on long-term debt in the Statement of Activities does not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. (49,502) Internal service funds are used by the City to charge the costs of health and dental insurance benefits to individual funds. The net revenue of certain activities of internal service funds is reported with governmental activities. 33,653 Changes in Net Position of Governmental Activities (3,056,640) VILLAGE OF BROWN DEER, WISCONSIN Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of the Governmental Funds to the Statement of Activities - Governmental Activities For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 16 See Following Page VILLAGE OF BROWN DEER, WISCONSIN Statement of Net Position - Proprietary Funds December 31, 2025 17 Governmental Business-Type Activities - Enterprise Funds Activities Water Sewer Storm Water Internal Utility Utility Utility Totals Service ASSETS Current Assets Cash and Investments $ 1,065,259 2,210,972 904,109 4,180,340 33,653 Receivables - Net of Allowances Taxes 216,818 181,100 108,620 506,538 — Accounts 343,182 310,440 200,020 853,642 — Leases 654,668 — — 654,668 — Accrued Interest 5,371 1,536 2,075 8,982 — Due from Other Funds — 500,000 — 500,000 — Prepaids 31,363 — — 31,363 — Total Current Assets 2,316,661 3,204,048 1,214,824 6,735,533 33,653 Noncurrent Assets Capital Assets Nondepreciable 11,654 — 64,695 76,349 — Depreciable 17,602,030 10,833,987 11,028,842 39,464,859 — Accumulated Depreciation (6,907,619) (5,307,578) (5,243,005) (17,458,202) — Total Noncurrent Assets 10,706,065 5,526,409 5,850,532 22,083,006 — Total Assets 13,022,726 8,730,457 7,065,356 28,818,539 33,653 DEFERRED OUTFLOWS OF RESOURCES Deferred Items - WRS — 34,439 73,360 107,799 — Loss on Refunding 2,561 2,659 4,827 10,047 — Total Deferred Outflows of Resources 2,561 37,098 78,187 117,846 — Total Assets and Deferred Outflows of Resources 13,025,287 8,767,555 7,143,543 28,936,385 33,653 VILLAGE OF BROWN DEER, WISCONSIN Statement of Net Position - Proprietary Funds December 31, 2025 The notes to the financial statements are an integral part of this statement. 18 Governmental Business-Type Activities - Enterprise Funds Activities Water Sewer Storm Water Internal Utility Utility Utility Totals Service LIABILITIES Current Liabilities Accounts Payable $ 649,103 138,245 104,980 892,328 — Retainage Payable 16,696 — — 16,696 — Accrued Payroll 130 678 2,845 3,653 — Accrued Interest 11,000 16,764 26,575 54,339 — Unearned Revenues 99,192 — — 99,192 — Current Portion of Long-Term Debt 230,000 265,972 272,307 768,279 — Total Current Liabilities 1,006,121 421,659 406,707 1,834,487 — Long-Term Liabilities Compensated Absences Payable — 15,889 9,225 25,114 — Net Pension Liability - WRS — 5,801 12,355 18,156 — General Obligation Bonds - Net 650,186 943,564 3,171,364 4,765,114 — Notes Payable - Net 498,724 830,000 — 1,328,724 — Total Long-Term Liabilities 1,148,910 1,795,254 3,192,944 6,137,108 — Total Liabilities 2,155,031 2,216,913 3,599,651 7,971,595 — DEFERRED INFLOWS OF RESOURCES Leases 623,112 — — 623,112 — Deferred Items - WRS — 16,947 36,098 53,045 — Total Deferred Inflows of Resources 623,112 16,947 36,098 676,157 — Total Liabilities and Deferred Inflows of Resources 2,778,143 2,233,860 3,635,749 8,647,752 — NET POSITION Net Investment in Capital Assets 9,313,020 3,752,837 2,413,995 15,479,852 — Unrestricted 934,124 2,780,858 1,093,799 4,808,781 33,653 Total Net Position 10,247,144 6,533,695 3,507,794 20,288,633 33,653 The notes to the financial statements are an integral part of this statement. 19 Governmental Business-Type Activities - Enterprise Funds Activities Water Sewer Storm Water Internal Utility Utility Utility Totals Service Operating Revenues Charges for Services $ 2,352,221 1,941,969 1,315,928 5,610,118 — Operating Expenses Operation and Maintenance 1,575,954 1,525,514 572,829 3,674,297 — Depreciation and Amortization 309,213 180,633 353,904 843,750 — Total Operating Expenses 1,885,167 1,706,147 926,733 4,518,047 — Operating Income 467,054 235,822 389,195 1,092,071 — Nonoperating Revenues (Expenses) Investment Income 82,827 34,201 — 117,028 — Rental Income 152,355 — — 152,355 — Interest Expense (44,953) (62,765) (95,439) (203,157) — Miscellaneous 14,405 — — 14,405 — 204,634 (28,564) (95,439) 80,631 — Income Before Contributions and Transfers 671,688 207,258 293,756 1,172,702 — Capital Contributions 194,300 — — 194,300 — Transfers In — — — — 33,653 Transfers Out (259,298) (10,396) — (269,694) — (64,998) (10,396) — (75,394) 33,653 Change in Net Position 606,690 196,862 293,756 1,097,308 33,653 Net Position - Beginning 9,640,454 6,336,833 3,214,038 19,191,325 — Net Position - Ending 10,247,144 6,533,695 3,507,794 20,288,633 33,653 VILLAGE OF BROWN DEER, WISCONSIN Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 20 Governmental Business-Type Activities - Enterprise Funds Activities Water Sewer Storm Water Internal Utility Utility Utility Totals Service Cash Flows from Operating Activities Receipts from Customers and Users $ 2,670,642 1,423,019 1,341,001 5,434,662 — Payments to Employees (45,771) (85,513) (182,463) (313,747) — Payments to Suppliers (1,093,995) (1,453,143) (353,313) (2,900,451) — 1,530,876 (115,637) 805,225 2,220,464 — Cash Flows from Noncapital Financing Activities Transfers In — — — — 33,653 Transfers Out (259,298) (10,396) — (269,694) — (259,298) (10,396) — (269,694) 33,653 Cash Flows from Capital and Related Financing Activities Purchase of Capital Assets (748,775) (290,464) (140,667) (1,179,906) — Retirement of Debt (140,000) (201,730) (328,270) (670,000) — Interest Expense (44,953) (62,765) (95,439) (203,157) — (933,728) (554,959) (564,376) (2,053,063) — Cash Flows from Investing Activities Investment Income 82,827 34,201 — 117,028 — Net Change in Cash and Cash Equivalents 420,677 (646,791) 240,849 14,735 33,653 Cash and Cash Equivalents - Beginning 644,582 2,857,763 663,260 4,165,605 — Cash and Cash Equivalents - Ending 1,065,259 2,210,972 904,109 4,180,340 33,653 Reconciliation of Operating Income to Net Cash Provided (Used) by Operating Activities Operating Income 467,054 235,822 389,195 1,092,071 — Adjustments to Reconcile Operating Income to Net Cash Provided by (Used in) Operating Activities Depreciation and Amortization 309,213 180,633 353,904 843,750 — Allocation of Meter Depreciation 20,478 (20,478) — — — Other Income (Expense) 166,760 — — 166,760 — (Increase) Decrease in Current Assets 131,183 (498,472) 25,073 (342,216) — Increase (Decrease) in Current Liabilities 436,188 (13,142) 37,053 460,099 — Net Cash Provided by Operating Activities 1,530,876 (115,637) 805,225 2,220,464 — Noncash Capital and Related Financing Activities Capital Contributions 194,300 — — 194,300 — VILLAGE OF BROWN DEER, WISCONSIN Statement of Cash Flows - Proprietary Funds For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 21 Custodial Property Tax ASSETS Cash and Cash Equivalents $ 9,564,177 Receivables Taxes 8,946,014 Total Assets 18,510,191 LIABILITIES Accounts Payable 21,422 Due to Other Governments 18,488,769 Total Liabilities 18,510,191 NET POSITION Net Position Restricted for Individuals, Organizations, and Other Governments — VILLAGE OF BROWN DEER, WISCONSIN Statement of Fiduciary Net Position December 31, 2025 The notes to the financial statements are an integral part of this statement. 22 Custodial Property Tax Additions Collection of Property Tax $ 12,888,946 Deductions Distributions to Other Governments 12,888,946 Change in Fiduciary Net Position — Net Position Restricted for Individuals, Organizations, and Other Governments Beginning — Ending — VILLAGE OF BROWN DEER, WISCONSIN Statement of Changes in Fiduciary Net Position For the Fiscal Year Ended December 31, 2025 The notes to the financial statements are an integral part of this statement. 23 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Village of Brown Deer, Wisconsin, operates under a manager form of government. The Village is governed by an elected president and six-member board of trustees. The Village’s major operations include police, fire, EMS, dispatch, highway and street maintenance and reconstruction, forestry, winter operations, building inspection and code enforcement, public improvements, economic development, planning and zoning, licensing, elections, parks and recreation, municipal court, stormwater and waterworks and sewerage services, and administrative services. The government-wide financial statements are prepared in accordance with generally accepted accounting principles (GAAP). The Governmental Accounting Standards Board (GASB) is responsible for establishing GAAP for state and local governments through its pronouncements (Statements and Interpretations). The more significant of the Village’s accounting policies established in GAAP and used by the Village are described below. REPORTING ENTITY The accompanying financial statements present the government and its component units, entities for which the government is considered to be financially accountable. Blended component units are, in substance, part of the primary government’s operations, even though they are legally separate entities. Thus, blended component units are appropriately presented as funds of the primary government. Each discretely presented component unit is reported in a separate column in the government -wide financial statements to emphasize that it is both legally and substantively separate from the government. Management has determined that there are no fiduciary component units that are required to be included in the financial statements of the Village as pension trust funds and there are no discretely component units to include in the reporting entity. BASIS OF PRESENTATION Government-Wide Statements The Village’s basic financial statements include both government-wide (reporting the Village as a whole) and fund financial statements (reporting the Village’s major funds). Both the government-wide and fund financial statements categorize primary activities as either governmental or business type. The Village’s general government, public safety, public works, health and human, culture, recreation, and education, and conservation and development services are classified as governmental activities. The Village’s water utility, sewer utility, and storm water utility services are classified as business-type activities. In the government-wide Statement of Net Position, both the governmental and business-type activities columns are: (a) presented on a consolidated basis by column, and (b) reported on a full accrual, economic resource basis, which recognizes all long-term assets/deferred outflows and receivables as well as long-term debt/deferred inflows and obligations. The Village’s net position is reported in three parts: net investment in capital assets; restricted; and unrestricted. The Village first utilizes restricted resources to finance qualifying activities. The government-wide Statement of Activities reports both the gross and net cost of each of the Village’s functions and business-type activities (general government, public safety, public works, etc.) The functions are supported by general government revenues (property taxes, room taxes, certain intergovernmental revenues, fines, permits and charges, etc.). The Statement of Activities reduces gross expenses (including depreciation) by related program revenues, operating and capital grants. Program revenues must be directly associated with the function (general government, public safety, public works, etc.) or a business-type activity. Operating grants include operating-specific and discretionary (either operating or capital) grants while the capital grants column reflects capital-specific grants. The net costs (by function or business-type activity) are normally covered by general revenue (property tax, room taxes, intergovernmental revenues, investment income, etc.). VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 24 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued BASIS OF PRESENTATION - Continued Government-Wide Statements - Continued The Village does not allocate indirect costs. An administrative service fee is charged by the General Fund to the other operating funds that is eliminated like a reimbursement (reducing the revenue and expense in the General Fund) to recover the direct costs of General Fund services provided (finance, personnel, purchasing, legal, technology management, etc.). This government-wide focus is more on the sustainability of the Village as an entity and the change in the Village’s net position resulting from the current year’s activities. Fund Financial Statements The financial transactions of the Village are reported in individual funds in the fund financial statements. Each fund is accounted for by providing a separate set of self-balancing accounts that comprises its assets/deferred outflows, liabilities/deferred inflows, fund equity, revenues and expenditures/expenses. Funds are organized into three major categories: governmental, proprietary, and fiduciary. The emphasis in fund financial statements is on the major funds in either the governmental or business-type activities categories. GASB Statement No. 34 sets forth minimum criteria (percentage of the assets/deferred outflows, liabilities/ deferred inflows, revenues or expenditures/expenses of either fund category or the governmental and enterprise combined) for the determination of major funds. The Village may electively add funds, as major funds, which either have debt outstanding or a specific or community focus. The nonmajor funds are combined in a single column in the fund financial statements. A fund is considered major if it is the primary operating fund of the Village or meets the following criteria: Total assets/deferred outflows, liabilities/deferred inflows, revenues, or expenditures/expenses of that individual governmental or enterprise fund are at least 10 percent of the corresponding total for all funds of that category or type; and Total assets/deferred outflows, liabilities/deferred inflows, revenues, or expenditures/expenses of the individual governmental fund or enterprise fund are at least 5 percent of the corresponding total for all governmental and enterprise funds combined. The various funds are reported by generic classification within the financial statements. The following fund types are used by the Village: Governmental Funds The focus of the governmental funds’ measurement (in the fund statements) is upon determination of financial position and changes in financial position (sources, uses, and balances of financial resources) rather than upon net income. The following is a description of the governmental funds of the Village: General Fund is the general operating fund of the Village. It is used to account for all financial resources except those required to be accounted for in another fund. The General Fund is a major fund. Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes. The Village maintains twelve nonmajor special revenue funds. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 25 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued BASIS OF PRESENTATION - Continued Governmental Funds - Continued Debt Service Funds are used to account for the accumulation of funds for the periodic payment of principal and interest on general long-term debt. The Debt Service Fund is treated as a major fund and is used account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by business-type/proprietary funds). The TIF No. 4 Fund, a major fund, accounts for and reports financial resources that are restricted, committed, or assigned to expenditures outlined in the TIF project plan. The TIF No. 5 Fund, also a major fund, accounts for and reports financial resources that are restricted, committed, or assigned to expenditures outlined in the TIF project plan. The Capital Improvements Fund, another major fund, accounts for and report financial resources that are restricted, committed, or assigned to expenditures for capital outlays, including the acquisition or construction of capital facilities and other capital assets for the Capital Improvement Plan. Additionally, the Village maintains three nonmajor capital project funds. Proprietary Funds The focus of proprietary fund measurement is upon determination of operating income, changes in net position, financial position, and cash flows. The generally accepted accounting principles applicable are those similar to businesses in the private sector. The following is a description of the proprietary funds of the Village: Enterprise Funds are required to account for operations for which a fee is charged to external users for goods or services and the activity (a) is financed with debt that is solely secured by a pledge of the net revenues, (b) has third party requirements that the cost of providing services, including capital costs, be recovered with fees and charges or (c) establishes fees and charges based on a pricing policy designed to recover similar costs. The Village maintains three major enterprise funds. The Water Utility fund accounts for the activities of operating the water system. The Sewer Utility fund accounts for the activities of operating the sewer system. The Storm Water Utility Fund accounts for the activities of the operations of the storm water system. Internal Service Funds are used to account for the financing of goods or services provided by an activity to other departments, funds or component units of the Village on a cost-reimbursement basis. The Village maintains one internal service fund. The Self-Funded Health Insurance Fund accounts for the accumulation of resources and payments of claims, by allowing the Village to systematically collect, retain, and manage financial resources that are dedicated exclusively to funding employee healthcare costs. The Village’s internal service fund is presented in the proprietary funds financial statements. Because the principal users of the internal services are the Village’s governmental activities, the financial statements of the internal service funds are consolidated into the governmental column when presented in the government-wide financial statements. To the extent possible, the cost of these services is reported in the appropriate functional activity (general government, public safety, public works, etc.). Fiduciary Funds Fiduciary funds are used to report assets held in a trustee or custodial capacity for others and therefore are not available to support Village programs. The reporting focus is on net position and changes in net position and is reported using accounting principles similar to proprietary funds. Custodial Funds are used to account for assets held by the Village in a purely custodial capacity. The Property Tax Fund accounts for the collection of property taxes for other taxing governmental agencies and the distributions made to those agencies. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 26 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued BASIS OF PRESENTATION - Continued Fiduciary Funds - Continued The Village’s fiduciary funds are presented in the fiduciary fund financial statements. Since by definition these assets are being held for the benefit of a third party (other local governments, private parties, pension participants, etc.) and cannot be used to address activities or obligations of the Village, these funds are not incorporated into the government-wide statements. MEASUREMENT FOCUS AND BASIS OF ACCOUNTING Measurement focus is a term used to describe “which” transactions are recorded within the various financial statements. Basis of accounting refers to “when” transactions are recorded regardless of the measurement focus applied. Measurement Focus On the government-wide Statement of Net Position and the Statement of Activities, both governmental and business-type activities are presented using the economic resources measurement focus as defined below. In the fund financial statements, the “current financial resources” measurement focus or the “economic resources” measurement focus is used as appropriate. All governmental funds utilize a “current financial resources” measurement focus. Only current financial assets/ deferred outflows and liabilities/deferred inflows are generally included on their balance sheets. Their operating statements present sources and uses of available spendable financial resources during a given period. These funds use fund balance as their measure of available spendable financial resources at the end of the period. All proprietary and custodial funds utilize an “economic resources” measurement focus. The accounting objectives of this measurement focus are the determination of operating income, changes in net position (or cost recovery), financial position, and cash flows. All assets/deferred outflows, liabilities/deferred inflows (whether current or noncurrent) associated with their activities are reported. Proprietary and custodial funds equity is classified as net position. Basis of Accounting In the government-wide Statement of Net Position and Statement of Activities, both governmental and business- type activities are presented using the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability/deferred inflow is incurred or economic asset used. Revenues, expenses, gains, losses, assets/deferred outflows, and liabilities/deferred inflows resulting from exchange and exchange-like transactions are recognized when the exchange takes place. In the fund financial statements, governmental funds are presented on the modified accrual basis of accounting. Under this modified accrual basis of accounting, revenues are recognized when “measurable and available.” Measurable means knowing or being able to reasonably estimate the amount. Available means collectible within the current period or within sixty days after year-end. The Village recognizes property taxes when they become both measurable and available in accordance with GASB Codification Section P70. A sixty-day availability period is used for revenue recognition for all other governmental fund revenues. Expenditures (including capital outlay) are recorded when the related fund liability is incurred, except for general obligation bond principal and interest which are recognized when due. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 27 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued MEASUREMENT FOCUS AND BASIS OF ACCOUNTING - Continued Basis of Accounting - Continued In applying the susceptible to accrual concept under the modified accrual basis, those revenues susceptible to accrual are property taxes, room taxes, licenses, permits, investment revenue, and charges for services. All other revenues are not susceptible to accrual because generally they are not measurable until received in cash. All proprietary and custodial funds utilize the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or economic asset used. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the Village’s enterprise funds, and of the Village’s internal service fund are charges to customers for sales and services. The Village also recognizes as operating revenue the portion of tap fees intended to recover the cost of connecting new customers to the system. Operating expenses for enterprise funds and internal service fund include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND FUND BALANCE/ NET POSITION Cash and Investments For the purpose of the Statement of Net Position, cash and cash equivalents are considered to be cash on hand, demand deposits, and cash with fiscal agent. For the purpose of the proprietary funds’ Statement of Cash Flows, cash and cash equivalents are considered to be cash on hand, demand deposits, cash with fiscal agent, and all highly liquid investments with an original maturity of three months or less. Investments are generally reported at fair value. Short-term investments are reported at cost, which approximates fair value. For investments, the Village categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. Interfund Receivables, Payables and Activity Interfund activity is reported as loans, services provided, reimbursements or transfers. Loans are reported as interfund receivables and payables as appropriate and are subject to elimination upon consolidation. Services provided, deemed to be at market or near market rates, are treated as revenues and expenditures/expenses. Internal service fund services provided and used are not eliminated in the process of consolidation. Reimbursements are when one fund incurs a cost, charges the appropriate benefiting fund and reduces its related cost as a reimbursement. All other interfund transactions are treated as transfers. Transfers between governmental or proprietary funds are netted as part of the reconciliation to the government-wide financial statements. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 28 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND FUND BALANCE/ NET POSITION - Continued Receivables In the government-wide financial statements, receivables consist of all revenues earned at year-end and not yet received. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. Major receivables balances for governmental activities include property taxes, notes, and accounts. Business-type activities report utility charges as their major receivables. Prepaids Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaids in both the government-wide and fund financial statements. Prepaids are valued at cost, which approximates market. The costs of governmental fund-type prepaids are recorded as expenditures when consumed rather than when purchased. Capital Assets Capital assets purchased or acquired with an original cost of $5,000, depending on asset class, or more are reported at historical cost or estimated historical cost. Contributed assets are reported at acquisition value as of the date received. Additions, improvements and other capital outlays that significantly extend the useful life of an asset are capitalized. Other costs incurred for repairs and maintenance are expensed as incurred. The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. General capital assets are long-lived assets of the Village as a whole. When purchased, such assets are recorded as expenditures in the governmental funds and capitalized/amortized. Infrastructure such as streets, traffic signals and signs are capitalized. The valuation basis for general capital assets are historical cost, or where historical cost is not available, estimated historical cost based on replacement costs. Capital assets in the proprietary funds are capitalized/amortized in the fund in which they are utilized. The valuation basis for proprietary fund capital assets are the same as those used for the general capital assets. PSC guidelines are followed for depreciation related to the Water Utility. Depreciation/amortization on all assets is computed and recorded using the straight-line method of depreciation/ amortization over the following estimated useful lives: Buildings and Improvements 10 - 40 Years Library Collection 12 Years Machinery and Equipment 5 - 15 Years Utility System 18 - 90 Years Infrastructure 10 - 80 Years Right to Use Leased Asset 5 Years VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 29 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND FUND BALANCE/ NET POSITION - Continued Deferred Outflows/Inflows of Resources Deferred outflow/inflow of resources represents a consumption/acquisition of net assets that applies to a future period and therefore will not be recognized as an outflow of resources (expense)/inflow of resources (revenue) until that future time. Pensions For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Wisconsin Retirement System (WRS) and additions to/deductions from WRS’ fiduciary net position have been determined on the same basis as they are reported by WRS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. Other Post-Employment Benefits (OPEB) For purposes of measuring the total OPEB liability, deferred outflows of resources and deferred inflows of resources related to the OPEB, and OPEB expense, information about the fiduciary net position of the Village OPEB Plan and additions to/deductions from the Village OPEB Plan’s fiduciary net position have been determined on the same basis as they are reported by the Village OPEB Plan. For this purpose, the Village OPEB Plan recognizes benefit payments when due and payable in accordance with the benefit terms. Compensated Absences Under terms of employment, employees are granted sick pay benefits and vacations in varying amounts. Only benefits considered to be vested are disclosed in these statements. All vested vacation and vested sick leave pay is accrued when incurred in the government-wide and proprietary financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements, and are payable with expendable available resources. Payments for vacation and sick leave will be made at rates in effect when the benefits are used. Accumulated vacation and sick leave liabilities at year-end is determined on the basis of current salary rates and included salary related payments. Long-Term Obligations In the government-wide financial statements, and proprietary fund types in the fund financial statements, long- term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund type Statement of Net Position. Bond premiums and discounts, are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as expenses at the time of issuance. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 30 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued ASSETS/DEFERRED OUTFLOWS, LIABILITIES/DEFERRED INFLOWS, AND FUND BALANCE/ NET POSITION - Continued Long-Term Obligations - Continued In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Net Position In the government-wide financial statements, equity is classified as net position and displayed in three components: Net Investment in Capital Assets - Consists of capital assets including restricted capital assets, net of accumulated depreciation/amortization and reduced by the outstanding balances of any bonds, mortgages, notes or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. Restricted - Consists of net position with constraints placed on the use either by (1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments; or (2) law through constitutional provisions or enabling legislations. Unrestricted - All other net position balances that do not meet the definition of “restricted” or “net investment in capital assets.” In the fund financial statements, governmental funds report reservations of fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Designations of fund balance represent tentative management plans that are subject to change. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumption that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 31 NOTE 2 - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY BUDGETARY INFORMATION Budgetary information is derived from the annual operating budget. Budgets are adopted on a basis consistent with GAAP. A budget has been adopted for the General Fund, Special Revenue Funds (excluding Village Grant and Police Asset Forfeiture), Debt Service Fund, and the Capital Projects Funds (excluding TIF No. 2). Wisconsin Statue 65.90 requires that an annual budget be adopted for all funds levying a general property tax. The budgeted amounts presented include any amendments adopted during the year. The Village Manager may authorize transfers of budgeted amounts within the General Fund. Transfers between funds and changes to the total budget must be approved by two-thirds of the Village board. Appropriations lapse at year-end unless specifically carried over. There were no carryovers to the following year. Budgets are adopted at the function level for the General Fund and at the individual fund level for all other funds. EXCESS OF ACTUAL EXPENDITURES OVER BUDGET IN INDIVIDUAL FUNDS The following funds had an excess of actual expenditures over budget as of the date of this report: Fund Excess General $ 82,719 Debt Service 108 TIF No. 5 4,778,608 Capital Improvements 197,273 Special Assessments 10,906 Library 555,283 Recycling 35,920 Brown Deer Farmers Market 6,361 TIF No. 3 4,927 Water Utility 82,754 DEFICIT FUND BALANCES The following funds had deficit fund balance as of the date of this report: Fund Deficit Debt Service $ 851,975 TIF No. 4 6,408,532 Capital Improvements 2,558,912 TIF No. 3 412,996 TIF No. 6 26,750 Deficits will be eliminated by future revenues or transfers. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 32 NOTE 3 - DETAIL NOTES ON ALL FUNDS DEPOSITS AND INVESTMENTS The Village maintains a cash and investment pool that is available for use by all funds except the pension trust funds. Each fund type's portion of this pool is displayed on the financial statements as "cash and investments." In addition, investments are separately held by several of the Village's funds. Permitted Deposits and Investments - Statutes authorize the Village to make deposits/invest in commercial banks, savings and loan institutions, obligations of the U.S. Treasury and U.S. Agencies, obligations of States and their political subdivisions, credit union shares, repurchase agreements, commercial paper rated within the three highest classifications by at least two standard rating services, and the Local Government Investment Pool. The Local Government Investment Pool (LGIP) is an investment pool managed by the Wisconsin Department of Administration, which allows governments within the State to pool their funds for investment purposes. LGIP is not registered with the SEC as an investment company. Investments in LGIP are valued at the share price, which is the price for which the investment could be sold. Deposits. At year-end, the carrying amount of the Village’s deposits for governmental and business-type activities totaled $7,282,774 and the bank balances totaled $6,939,711. Investments. At year-end, the Village has the following investments: Investment Maturities (in Years) Fair Less Than More Than Investment Type Value 1 1-5 6-10 10 U.S. Treasury Securities $ 723,122 723,122 — — — U.S. Agency Securities 1,752,417 1,752,417 — — — Municipal Bonds 4,657,217 2,558,575 2,098,642 — — LGIP 112,068 112,068 — — — Totals 7,244,824 5,146,182 2,098,642 — — The Village has the following recurring fair value measurements as of year-end: • U.S. Treasury Securities of $723,122 are valued using quoted market prices (Level 1 inputs) • U.S. Agency Securities of $1,752,417 are valued using a matrix pricing model (Level 2 inputs) • Municipal Bonds of $4,657,217 are valued using the matric pricing model (Level 2 inputs) • LGIP of $112,068 is measured using the net asset value (NAV) as determined by the pool. Debt Securities classified in Level 2 of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 33 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued DEPOSITS AND INVESTMENTS - Continued Interest Rate Risk. Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The Village’s investment policy addresses interest rate risk by limiting the maturity of any security in accordance with state statutes and structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity. Credit Risk . Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. Besides investing in security instruments authorized under State Statute, the Village’s investment policy further states that safety of principal is the foremost objective of the Village. At year-end, the Village’s investments in U.S. Agency Securities were rated AA+ by Standard and Poor's, municipal bonds were rated AAA to A- by Standard and Poor's, and LGIP were not rated. Custodial Credit Risk - Deposits . In the case of deposits, this is the risk that in the event of a bank failure, the Village’s deposits may not be returned to it. The Village’s investment policy states that the Village shall maintain balances with its banking financial institutions that do not exceed the combined amount FDIC insurance and State Deposit Guarantee Fund insurance, along with the amount of collateralized deposits per an agreement with its primary banking institution. However, deposits may temporarily exceed the insured and collateralized amounts during periods when property taxes are collected. Deposits in local banks and the Wisconsin Government Investment Pool (“LGIP”) are also insured by the State Deposit Guarantee Fund (“SDGF”) in the amount of $400,000 per financial institution. At year-end, the entire amount of the bank balance of deposits was covered by collateral, federal depository or equivalent insurance. Custodial Credit Risk - Investments . For an investment, this is the risk that in the event of the failure of the counterparty, the Village will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. The Village mitigates custodial credit risk for investments by maintaining a list of financial institutions, public depositories, and broker/dealers authorized by resolution or provide deposit and investment services All financial institutions, public depositors, and broker/dealers authorized by resolution to provide deposit and investment services must supply appropriate audited financial statements demonstrating compliance with state and federal capital adequacy guidelines. At year-end, the Village’s investments in U.S. Agency Securities are all insured or registered with the Village or its agent in the Village’s name and the Village’s investment in the LGIP is subject to custodial credit risk. Concentration of Credit Risk . This is the risk of loss attributed to the magnitude of the Village’s investment in a single issuer. The Village’s investment policy does not address concentration of credit risk. At year-end, the Village does not have any investments over 5 percent of the total cash and investment portfolio (other than investments issued or explicitly guaranteed by the U.S. government and investments in mutual funds, external investment pools, and other pooled investments). PROPERTY TAXES Property taxes for 2024 attach as an enforceable lien on January 1, on property values assessed as of the same date. Taxes are levied by December of the subsequent fiscal year (by passage of a Tax Levy Ordinance). Tax bills are prepared by the County and are payable in three installments, on or about January 31, March 31, and May 31. The County collects such taxes and remits them periodically. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 34 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued CAPITAL ASSETS Governmental Activities Governmental capital asset activity for the fiscal year was as follows: Beginning Ending Balances Increases Decreases Balances Nondepreciable Capital Assets Land $ 3,664,123 — — 3,664,123 Construction in Progress 454,278 2,189,043 278,067 2,365,254 4,118,401 2,189,043 278,067 6,029,377 Depreciable/Amortizable Capital Assets Building and Improvements 20,056,683 896,239 70,303 20,882,619 Library Collection 829,331 — — 829,331 Machinery and Equipment 5,760,466 411,490 73,956 6,098,000 Infrastructure 24,598,468 1,942,330 — 26,540,798 Right to Use Leased Assets 197,243 — — 197,243 51,442,191 3,250,059 144,259 54,547,991 Less Accumulated Depreciation/Amortization Building and Improvements 6,922,795 521,502 26,852 7,417,445 Library Collection 749,751 25,067 — 774,818 Machinery and Equipment 4,319,770 503,199 73,956 4,749,013 Infrastructure 12,954,217 901,320 — 13,855,537 Right to Use Leased Assets 65,910 39,449 — 105,359 25,012,443 1,990,537 100,808 26,902,172 Total Net Depreciable/Amortizable Capital Assets 26,429,748 1,259,522 43,451 27,645,819 Total Net Capital Assets 30,548,149 3,448,565 321,518 33,675,196 Depreciation/amortization expense was charged to governmental activities as follows: General Government $ 137,038 Public Safety 286,894 Public Works 1,339,066 Health and Human Services 27,209 Culture, Recreation, and Education 199,486 Conservation and Development 844 1,990,537 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 35 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued CAPITAL ASSETS - Continued Business-Type Activities Business-type capital asset activity for the fiscal year was as follows: Beginning Ending Balances Increases Decreases Balances Nondepreciable Capital Assets Land $ 11,654 — — 11,654 Construction in Progress — 64,695 — 64,695 11,654 64,695 — 76,349 Depreciable Capital Assets Buildings and Improvements 3,085,089 — — 3,085,089 Water Utility System 15,699,505 943,075 63,436 16,579,144 Sewer Utility System 9,251,782 290,464 — 9,542,246 Storm Water Utility System 8,458,266 75,972 — 8,534,238 Machinery and Equipment 1,724,142 — — 1,724,142 38,218,784 1,309,511 63,436 39,464,859 Less Accumulated Depreciation Buildings and Improvements 484,502 97,393 — 581,895 Water Utility System 5,729,254 297,168 63,436 5,962,986 Sewer Utility System 4,780,060 119,184 — 4,899,244 Storm Water Utility System 4,611,038 257,926 — 4,868,964 Machinery and Equipment 1,055,836 89,277 — 1,145,113 16,660,690 860,948 63,436 17,458,202 Total Net Depreciable Capital Assets 21,558,094 448,563 — 22,006,657 Total Net Capital Assets 21,569,748 513,258 — 22,083,006 Depreciation expense was charged to business-type activities as follows: Water Utility $ 315,154 Sewer Utility 185,781 Storm Water Utility 360,013 860,948 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 36 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LEASES RECEIVABLE The Village is a lessor on the following leases at year end: Leases Start Date End Date Payments Interest Rate Armed Forces Contract Lease February 1, 2021 February 1, 2026 $10,314 Monthly 3.00% US Cellular Lease May 20, 2001 May 20, 2026 $20,000 to $ 64,502 Annually 3.00% Verizon Lease July 29, 2021 July 29, 2040 $36,713 to $48,865 Annually 3.00% AT&T Lease June 1, 2006 June 1, 2031 $26,050 to $44,348 Annually 3.00% During the fiscal year, the Village has recognized $ 111,963 of lease revenue. There were no variable or other payments not previously included in the measurement of the lease receivable recognized in the current year. The future principal and interest lease payments as of the year-end were as follows: Fiscal Governmental Activities Business-Type Activities Year Principal Interest Principal Interest 2026 $ 10,014 300 38,748 1,637 2027 — — 38,845 1,540 2028 — — 38,942 1,443 2029 — — 39,039 1,346 2030 — — 39,137 1,248 2031 — — 43,273 1,150 2032 — — 43,381 1,042 2033 — — 43,490 933 2034 — — 43,599 824 2035 — — 43,708 715 2036 — — 48,259 606 2037 — — 48,380 485 2038 — — 48,501 364 2039 — — 48,622 243 2040 — — 48,744 121 10,014 300 654,668 13,697 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 37 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued INTERFUND TRANSFERS Interfund transfers for the fiscal year consisted of the following: Transfer In Transfer Out Amount General Water Utility $ 259,298 (1) General Sewer Utility 10,396 (1) TIF No. 4 Nonmajor Governmental 250,000 (1) Internal Service General 33,653 (2) 553,347 Transfers are used to (1) move revenues from the fund that statute or budget requires to collect them to the fund that statute or budget requires to expend them, (2) to fund the new internal service fund. INTERFUND BALANCES Interfund balances result from the time lag between when transactions are recorded in the accounting system and payments between funds are made. The composition of interfund balances as of the date of this report, is as follows: Receivable Fund Payable Fund Amount General Debt Service $ 888,253 General Capital Improvements 1,675,748 General Nonmajor Governmental 138,776 TIF No. 5 Nonmajor Governmental 385,788 Sewer Utility Capital Improvements 500,000 3,588,565 INTERFUND ADVANCES Interfund advances represent payments of tax increment financing expenditures on behalf of these funds. These amounts will be paid over several years. Interfund advances as of the date of this report are as follows: Receivable Fund Payable Fund Amount General TIF No. 4 $ 6,593,596 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 38 NOTE 3 - DETAIL NOTES ON ALL FUNDS LONG-TERM OBLIGATIONS General Obligation Bonds The government issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities. General obligation bonds have been issued for governmental and business-type activities. General obligation bonds are direct obligations and pledge the full faith and credit of the government. General obligation bonds currently outstanding are as follows: Fund Debt Beginning Ending Issue Retired by Balances Issuances Retirements Balances $1,430,000 General Obligation Corporate Purpose Bonds of 2011, due in annual installments of $30,000 to $130,000, plus interest at 2.00% to 3.35% through maturity on April 1, 2031. Water Utility $ 255,000 — 35,000 220,000 Sewer Utility 70,000 — 10,000 60,000 $1,365,000 General Obligation Corporate Purpose Bonds of 2012, due in annual installments of $30,000 to $145,000, plus interest at 0.65% to 2.50% through maturity on April 1, 2032. Water Utility 235,000 — 25,000 210,000 Sewer Utility 135,000 — 15,000 120,000 $5,345,000 General Obligation Refunding Bonds of 2012, due in annual installments of $75,000 to $550,000, plus interest at 2.00% to 3.25% through maturity on April 1, 2028. Debt Service and TIF 920,000 — 380,000 540,000 $4,400,000 General Obligation Corporate Purpose Bonds of 2014, due in annual installments of $130,000 to $375,000, plus interest at 2.00% to 3.00% through maturity on April 1, 2029. Debt Service 865,000 — 165,000 700,000 Water Utility 110,000 — 20,000 90,000 Sewer Utility 50,000 — 10,000 40,000 Storm Water Utility 735,000 — 140,000 595,000 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 39 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued General Obligation Bonds - Continued Fund Debt Beginning Ending Issue Retired by Balances Issuances Retirements Balances $3,265,000 General Obligation Corporate Purpose Bonds of 2016, due in annual installments of $190,000 to $245,000, plus interest at 1.50% to 2.50% through maturity on April 1, 2031. Debt Service and TIF $ 1,220,000 — 165,000 1,055,000 Water Utility 140,000 — 20,000 120,000 Sewer Utility 95,000 — 10,000 85,000 Storm Water Utility 175,000 — 25,000 150,000 $9,995,000 General Obligation Refunding Bonds of 2018, due in annual installments of $160,000 to $855,000, plus interest at 3.00% to 4.00% through maturity on April 1, 2038. Debt Service 7,115,000 — 445,000 6,670,000 Sewer Utility 908,330 — 31,730 876,600 Storm Water Utility 1,811,670 — 63,270 1,748,400 $3,855,000 General Obligation Refunding Bonds of 2018A, due in annual installments of $125,000 to $630,000, plus interest at 2.00% to 3.50% through maturity on April 1, 2027. Sewer Utility 150,000 — 50,000 100,000 Storm Water Utility 235,000 — 75,000 160,000 $3,475,000 General Obligation Refunding Bonds of 2019, due in annual installments of $220,000 to $420,000, plus interest at 4.00% through maturity on April 1, 2030. Debt Service and TIF 1,540,000 — 345,000 1,195,000 $5,970,000 General Obligation Refunding Bonds of 2020, due in annual installments of $210,000 to $420,000, plus interest at 3.00% through maturity on April 1, 2040. Debt Service 3,945,000 — 295,000 3,650,000 Water Utility 235,000 — 20,000 215,000 Sewer Utility 190,000 — 15,000 175,000 Storm Water Utility 350,000 — 25,000 325,000 21,485,000 — 2,385,000 19,100,000 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 40 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued Notes Payable The Village enters into notes payable to provide funds for acquisition of capital assets. Notes payable have been issued for governmental and business-type activities. Notes payable are direct obligations and pledge the full faith and credit of the Village. Notes payable currently outstanding are as follows: Fund Debt Beginning Ending Issue Retired by Balances Issuances Retirements Balances $3,295,000 General Obligation Promissory Notes of 2022, due in annual installments of $270,000 to $395,000, plus interest at 3.50% to 5.00% through maturity on April 1, 2032. Debt Service $ 1,945,000 — 210,000 1,735,000 Water Utility 210,000 — 20,000 190,000 Sewer Utility 595,000 — 60,000 535,000 $3,575,000 General Obligation Promissory Notes of 2024, due in annual installments of $335,000 to $455,000, plus interest at 4.00% through maturity on April 1, 2034. Capital Improvements 2,825,000 — — 2,825,000 Water Utility 300,000 — — 300,000 Storm Water Utility 400,000 — — 400,000 $4,090,000 Tax Anticipation Notes of 2025, due in an annual installment of $4,090,000, plus interest at 4.85% through maturity on April 1, 2028. TIF No. 5 — 4,090,000 — 4,090,000 $2,770,000 Tax Anticipation Notes of 2025B, due in an annual installment of $2,770,000, plus interest at 4.30% through maturity on October 1, 2027. TIF No. 5 — 2,770,000 — 2,770,000 6,275,000 — 290,000 5,985,000 Leases Payable The Village has the following leases payable outstanding at year end: Leases Start Date End Date Payments Interest Rate Axon Body Cameras December 1, 2022 February 1, 2027 $26,648 Annually 4.25% Axon Body Cameras December 31, 2023 December 31, 2027 $13,080 Annually 4.25% The future principal and interest lease payments as of the year-end were as follows: VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 41 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued Leases Payable - Continued Fiscal Governmental Activities Year Principal Interest 2026 $ 39,448 280 2027 39,588 140 79,036 420 Due to Developer Payable During 2014, the Village entered into a TID redevelopment agreement which includes a MRO to reimburse eligible project costs incurred by the developer. This obligation is payable solely from a portion of the Tax Increment District No. 3 increment as defined by the developer agreement. Should the TID close before the project costs are repaid, the Village is liable for any additional payments. Total costs that could be reimbursed amount to $2,180,000. The Village recognized $ 140,000 in accounts payable and expense on Tax Increment District No. 3 for the amount due the developer at December 31, 2025 . For purpose of the government-wide financial statements the amount has been included in accounts payable and considered a reduction of a long-term liability. The remaining balance due to the developer at December 31, 2025 is $ 420,000. The Village expects to pay $140,000 per year for six additional years. Conduit Debt Obligations To further economic development in the Village, the Village has issued Industrial Development Revenue Bonds (IDRB) that provide capital financing to private-sector entities for the acquisition and construction of industrial and commercial facilities. The properties financed are pledged as collateral, and the bonds are payables solely from payments received from the private-sector entities on the underlying mortgage or promissory notes. In addition, no commitments beyond the collateral, the payments from the private-sector entities, and maintenance of the tax-exempt status of the conduit debt obligation were extended by the Village for any of those bonds. At December 31, 2025, the bonds have an aggregate outstanding principal amount payable of $ 7.735 million, made up of two issues. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 42 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued Long-Term Liabilities Activity Amounts Beginning Ending Due within Type of Debt Balances Additions Deductions Balances One Year Governmental Activities Compensated Absences $ 514,586 — 54,626 459,960 91,992 Net Pension Liability - WRS 598,229 63,135 — 661,364 — Net OPEB Liability - RBP 679,306 — 11,532 667,774 30,786 General Obligation Bonds Payable 15,605,000 — 1,795,000 13,810,000 1,710,000 Plus: Unamortized Premium 418,927 — 56,441 362,486 — Notes Payable 4,770,000 6,860,000 210,000 11,420,000 488,000 Plus: Unamortized Premium 212,823 — 23,614 189,209 — Leases Payable 118,345 — 39,309 79,036 39,448 Due to Developer Payable 560,000 — 140,000 420,000 140,000 23,477,216 6,923,135 2,330,522 28,069,829 2,500,226 Business-Type Activities Compensated Absences $ 33,544 — 2,151 31,393 6,279 Net Pension Liability - WRS 19,249 — 1,093 18,156 — General Obligation Bonds Payable 5,880,000 — 590,000 5,290,000 610,000 Plus: Unamortized Premium 99,934 — 14,820 85,114 — Notes Payable 1,505,000 — 80,000 1,425,000 152,000 Plus: Unamortized Premium 62,949 — 7,225 55,724 — 7,600,676 — 695,289 6,905,387 768,279 For governmental activities, the net pension liability and the net OPEB liability are being expended by the General Fund. The general obligation bonds payable are being expended by the Debt Service and TIF Funds. The notes payable are being expended by the Debt Service, TIF No. 5, and Capital Improvements Funds. Payments on the due to developer payable are being made by the TIF No. 3 Fund. For business type activities, the net pension liability are expended by the Sewer Utility, and the Storm Water Utility Funds. The general obligation bonds payable are expended by the Water Utility, Sewer Utility, and the Storm Water Utility Funds. Payments on the notes payable are being made by the Water Utility ,the Sewer Utility, and the Storm Water Utility Funds. Compensated absences are reported as the net change amount for the fiscal year. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 43 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued Debt Service Requirements to Maturity The annual debt service requirements to maturity, including principal and interest, are as follows: Governmental Activities General Obligation Notes Fiscal Bonds Payable Payable Year Principal Interest Principal Interest 2026 $ 1,710,000 404,397 488,000 177,025 2027 1,440,000 357,199 3,275,000 154,975 2028 1,490,000 312,213 4,620,000 131,925 2029 1,465,000 266,232 550,000 107,875 2030 1,305,000 223,057 570,000 84,863 2031 905,000 189,543 590,000 62,963 2032 740,000 165,331 615,000 40,213 2033 760,000 142,113 350,000 21,600 2034 665,000 119,431 362,000 7,300 2035 685,000 97,684 — — 2036 705,000 74,988 — — 2037 730,000 51,225 — — 2038 755,000 26,313 — — 2039 225,000 10,275 — — 2040 230,000 3,450 — — Totals 13,810,000 2,443,451 11,420,000 788,739 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 44 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued LONG-TERM OBLIGATIONS - Continued Debt Service Requirements to Maturity - Continued Business-Type Activities General Obligation Notes Fiscal Bonds Payable Payable Year Principal Interest Principal Interest 2026 $ 610,000 141,323 152,000 55,475 2027 625,000 125,760 160,000 48,300 2028 630,000 109,477 165,000 40,875 2029 655,000 92,148 175,000 33,075 2030 485,000 76,919 195,000 25,438 2031 500,000 64,019 195,000 18,213 2032 405,000 51,519 205,000 10,800 2033 360,000 39,831 85,000 5,300 2034 240,000 30,281 93,000 1,800 2035 245,000 22,497 — — 2036 170,000 15,644 — — 2037 180,000 9,625 — — 2038 185,000 3,238 — — Totals 5,290,000 782,281 1,425,000 239,276 Legal Debt Margin The Wisconsin Statutes restrict the Village's general obligation debt to 5% of the equalized value of all property in the Village. This amount is compared below with the outstanding debt on December 31, 2025. Equalized Value - 2025 $ 1,535,232,00 Bonded Debt Limit - 5.00% of Equalized Value 76,761,600 Amount of Debt Applicable to Limit 31,945,000 Legal Debt Margin 44,816,600 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 45 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued NET POSITION CLASSIFICATIONS Net investment in capital assets was comprised of the following as of December 31, 2025: Governmental Activities Capital Assets - Net of Accumulated Depreciation $ 33,675,196 Plus: Unamortized Loss on Refunding 167,197 Plus: Unspent Bond Proceeds 1,993,050 Less Capital Related Debt: General Obligation Bonds Payable (13,810,000) Installment Contracts Payable (79,036) Intergovernmental Payable (420,000) Unamortized Premium (551,695) Capital Related Accounts Payable (1,456,162) Retainage Payable (93,580) Net Investment in Capital Assets 19,424,970 Business-Type Activities Capital Assets - Net of Accumulated Depreciation 22,083,006 Plus: Unamortized Loss on Refunding 10,047 Plus: Unspent Bond Proceeds 259,333 Less Capital Related Debt: General Obligation Bonds Payable (5,290,000) Notes Payable (1,425,000) Unamortized Premium (140,838) Retainage Payable (16,696) Net Investment in Capital Assets 15,479,852 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 46 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued FUND BALANCE CLASSIFICATIONS In the governmental fund financial statements, the Village considers restricted amounts to have been spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available. The Village first utilizes committed, then assigned and then unassigned fund balance when an expenditure is incurred for purposes for which all three unrestricted fund balances are available. Nonspendable Fund Balance . Consists of resources that cannot be spent because they are either: a) not in a spendable form; or b) legally or contractually required to be maintained intact. Restricted Fund Balance . Consists of resources that are restricted to specific purposes, that is, when constraints placed on the use of resources are either: a) externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments; or b) imposed by law through constitutional provisions or enabling legislation. Committed Fund Balance. Consists of resources constrained (issuance of an ordinance) to specific purposes by the government itself, using its highest level of decision-making authority, Board of Trustees ; to be reported as committed, amounts cannot be used for any other purpose unless the government takes the same highest-level action to remove or change the constraint. Assigned Fund Balance . Consists of amounts that are constrained by Board of Trustees ’ intent to be used for specific purposes but are neither restricted nor committed. Intent is expressed by a) the Board of Trustees itself or b) a body or official to which the Board of Trustees has delegated the authority to assign amounts to be used for specific purposes. The Village’s highest level of decision-making authority is the Board of Trustees , who is authorized to assign amounts to a specific purpose. Unassigned Fund Balance. Consists of residual net resources of a fund that has not been restricted, committed, or assigned within the General Fund and deficit fund balances of other governmental funds. Minimum Fund Balance Policy . The Village’s policy manual states that the General Fund should maintain a minimum fund balance equal to 15% of budgeted operating expenditures. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 47 NOTE 3 - DETAIL NOTES ON ALL FUNDS - Continued FUND BALANCE CLASSIFICATIONS - Continued The following is a schedule of fund balance classifications for the governmental funds as of the date of this report: Capital Projects Debt Capital General Service TIF No. 4 TIF No. 5 Improvements Nonmajor Totals Fund Balances Nonspendable Advances to Other Funds $ 6,593,596 — — — — — 6,593,596 Restricted Police Donations 68,103 — — — — — 68,103 Village Grant — — — — — 8,124 8,124 Library — — — — — 1,103,038 1,103,038 Police Asset Forfeiture — — — — — 12,811 12,811 Strehlow Donation — — — — — 45,163 45,163 Brown Deer Farmers Market — — — — — 10,833 10,833 Tourism Commission — — — — — 93,275 93,275 Policing Services — — — — — 50,594 50,594 Capital Improvements — — — 1,993,050 — — 1,993,050 68,103 — — 1,993,050 — 1,323,838 3,384,991 Committed Special Assessments — — — — — 288,133 288,133 North Shore Health Department — — — — — 291,350 291,350 Recycling — — — — — 291,881 291,881 Park and Recreation Program — — — — — 122,203 122,203 — — — — — 993,567 993,567 Unassigned 2,576,613 (851,975) (6,408,532) — (2,558,912) (439,746) (7,682,552) Total Fund Balances 9,238,312 (851,975) (6,408,532) 1,993,050 (2,558,912) 1,877,659 3,289,602 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 48 NOTE 4 - OTHER INFORMATION RISK MANAGEMENT The Village is exposed to various risks of loss related to torts; theft of, damage to, or destruction of assets; errors and omissions; natural disasters; employee health claims; and workers’ compensation. The Village purchases general and automobile liability insurance from the Cities and Villages Mutual Insurance Company (CVMIC). The Village purchases commercial insurance for all other risks. There have been no significant reductions in insurance coverage for any risk of loss in the past year and settled claims have not exceeded the commercial coverage in any of the past three fiscal years. In 1987, the Village invested $429,675 for participation in the Wisconsin Municipal Insurance Commission (WMIC), an intergovernmental cooperation commission created in August 1987 by contract under Section 66.30 of the Wisconsin Statutes to facilitate the organization, establishment, and capitalization of CVMIC. CVMIC is a mutual insurance company established on September 19, 1987 under Section 611.23 of the Wisconsin Statutes to provide liability insurance coverage to the cities and villages which make up the membership of WMIC. CVMIC provides the Village with $5,000,000 of liability coverage for losses over its self-insured retention level of $37,500 per occurrence with a $150,000 aggregate stop loss. The Village’s annual cost is its annual premium, claims, and other operating expenses. An annual premium is charged to cover expected claims and administrative costs. The claim component of the premium is determined by independent actuaries and allocated among participating municipalities based on payroll and loss history. The Village and other participating cities and villages are subject to cover loss experiences, which exceed predictions through retrospective assessments. Management of each organization consists of a board of directors or officers comprised of representatives elected by each of three classes of participants based on population. The Village does not exercise any control over the activities of the agencies beyond the election of the officers and board. Percentage participation can be affected by acceptance of new members to WMIC and CVMIC. Upon dissolution, the Village would be entitled to a lump sum payment. As of December 31, 2025, the Village ceased participation in WMIC and CVMIC. The Village records an unpaid claims liability for claims that have occurred but are not settled and for claims incurred but not recorded (IBNR). This liability is based upon estimates from an annual actuarial study. The estimates of claims liability also includes amounts for incremental claim adjustment expenses related to specific claims and other claim adjustment expenses regardless of whether allocated to specific claims. Changes in the unpaid claim liability amount in fiscal years 2024 and 2025 were: 2025 2024 Claims Payable - Beginning $ — 33,759 Incurred Claims — — Claims Paid — (33,759) Claims Payable - Ending — — VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 49 NOTE 4 - OTHER INFORMATION - Continued CONTINGENT LIABILITIES Litigation From time to time, the Village is party to various pending claims and legal proceedings with respect to employment, civil rights, property taxes and other matters. Although the outcome of such matters cannot be forecasted with certainty, it is the opinion of management and the Village attorney that the likelihood is remote that any such claims or proceedings will have a material adverse effect on the Village's financial position or results of operations. Grants Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies, principally the federal government. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor cannot be determined at this time although the Village expects such amounts, if any, to be immaterial. COMMITMENTS Tax Incremental Districts Tax Increment District No. 2 On January 1, 1995, the Village created “Tax Incremental District No. 2, Village of Brown Deer, Wisconsin” to eliminate and prevent areas of blight within the Village by promoting public health, safety and welfare, and by increasing the Village’s tax base, and the number of jobs available in the Village. Project costs are estimated to be $2.0 million, which are being financed through prior years’ bond issuances. Property taxes to be generated in future years, measured by the increment in value of the property in the district over the base year, are to be used to retire the interest and principal of the related debt issues. On March 31, 2024 the Village closed Tax Incremental District No. 2. Tax Increment District No. 3 On March 7, 2005, the Village created “Tax Incremental District No. 3, Village of Brown Deer, Wisconsin” to eliminate areas of blight and stimulate the redevelopment of West Brown Deer Road corridor within the Village. Project costs are estimated to be $7.4 million, which will be financed through future borrowings. Property taxes to be generated in future years, measured by the increment in value of the property in the district over the base year, are to be used to retire the interest and principal of the related debt issues. As of December 31, 2025, the Village has made no amendments to the initial project plan. Tax Increment District No. 4 On March 7, 2005, the Village created “Tax Incremental District No. 4, Village of Brown Deer, Wisconsin” to eliminate and stimulate the redevelopment of the original Village Planned Development District and the Teutonia Avenue corridor within the Village. Project costs are estimated to be $6.2 million, which will be financed through future borrowings. Property taxes to be generated in future years, measured by the increment in value of the property in the district over the base year, are to be used to retire the interest and principal of the related debt issues. As of December 31, 2025, the Village has made no amendments to the initial project plan. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 50 NOTE 4 - OTHER INFORMATION - Continued COMMITMENTS - Continued Tax Incremental Districts - Continued Tax Increment District No. 5 Tax Incremental Financing District (TID) #5 was created in 2024 and amended later that same year. It includes lands located in the Brown Deer Corporate Park on Arbon Drive south of Brown Deer Road, and then lands on the north side of Brown Deer Road from Arbon Drive, east until Kildeer Court. The district also extends north from Brown Deer Road to encompass most of the Brown Deer Business Park and the entire Marketplace Shopping Center. In 2024, F Street Group, began construction on a 156-unit multi-family residential project called Village 43. The project is an approximate 7-acre development at 4300 W. Brown Deer Road and 8989 N. Deerwood Drive. The developer has agreed to a guaranteed value of $21,500,000 when fully improved with an escalation in value to $23,000,000 by the year 2036. The ‘paygo” assistance for this project would total approximately $7,445,526. In 2025, the Village 43 residential development was completed. A 1-acre commercial outlot remains available for development adjacent to the residential development. Also, the Village acquired the former First Citizen’s Bank building at 4000 W. Brown Deer Road for $1,920,000 and undertook demolition of the structure. A Request For Proposals (RFP) was issued and multiple responses were received. A preferred developer selection was ongoing in the fall of 2025. Finally, the Village entered into a redevelopment agreement with Woodsonia Real Estate for the redevelopment of the Marketplace Shopping Center. The new development, called Riverside Landing, will feature a 128,000 square foot Target store, various commercial outlots and a mixed-use building with 128 market- rate apartments. The Village will provide $12,838,720 in “paygo” TIF assistance in exchange for an average guaranteed value that exceeds $40 million. Demolition of the old shopping center began in late summer 2025. Tax Increment District No. 6 Tax Incremental Financing District (TID) #6 was created in 2024. It includes lands on the west side of 47 th Street from the north side of Bradley Road south to Parkland Avenue. The district also includes Algonquin Park and borders Algonquin Manor and Zwaska Funeral Home on its western boundary. In 2025, a development agreement with Atlas Assisted Living was agreed to for the creation of a 20-bed assisted living facility at 4740 W. Bradley Road. The project is currently undergoing final civil and architectural planning. The “paygo” assistance for this project would total approximately $661,000 in exchange for a guaranteed improved value of at least $2.5 million. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 51 NOTE 4 - OTHER INFORMATION - Continued COMMITMENTS - Continued Intermunicipal Agreements North Shore Fire Department The Village is a member of the North Shore Fire Department (the Department) along with the Villages of Bayside, Fox Point, River Hills, Whitefish Bay, and the City of Glendale. The Department was created by an agreement signed in 1994 pursuant to the provisions of Sections 61.65 and 66.30 of the Wisconsin Statutes. The Department, which commenced operations on January 1, 1995, provides fire and emergency medical services to the member communities. Upon dissolution of the Department, assets will be divided by the participants then participating in accordance with the proportion of the previous year’s cost allocation formula percentage. The Department is governed by a seven-member board consisting of one representative and one alternate from each municipality. Only one member from each municipality may vote. The Village has a commitment to the Department to annually finance a portion of the Department’s approved expenditures. In 2025, the Village incurred expenditures of $ 2.91 million for fire protection and emergency medical services under this agreement. Complete 2025 financial statements for the Department are available from the Department at 4401 West River Lane, Brown Deer, Wisconsin 53223. Milwaukee Area Domestic Animal Control Commission The Village is a member of the Milwaukee Area Domestic Animal Control Commission (the Commission) along with 18 other communities within Milwaukee County. The Commission was created by an agreement signed in 1997 pursuant to the provisions of Section 66.30 of the Wisconsin Statutes. The Commission was established to provide a jointly operated animal control services facility for domestic animals. The Commission is governed by a 19-member board consisting of one representative from each municipality, each having one vote. Formulas for the sharing of operating and debt costs, and for the distribution of assets upon termination of participation, are provided within the agreement. North Shore Health Department The North Shore Health Department (NSHD) is comprised of the Villages of Brown Deer, Bayside, Fox Point, Whitefish Bay, and River Hills, as well as the City of Glendale. The NSHD Board of Health is comprised of one member representative from each community, to be appointed by each communities president/mayor. The Village is the fiscal agent for NSHD. Compensation is made to the Village by each individual community using a formula of direct hours and population as well as indirect costs prorated based on each community’s population percentage to all NSHD municipalities’ total population. Bayside Communications Center The Village entered into a 10-year agreement with the Village of Bayside (Bayside) effective January 1, 2018 in which Bayside will provide a unified public safety answering point (PSAP). Bayside provides dispatch service to the Village, including all police and fire emergency calls, transfer calls, calls for medical emergencies, emergency rescue calls, and calls for dispatch services. The operating costs are being based on a formula that is restricted by the lesser of the State imposed levy limit plus any nonpersonnel contractual obligations or the consumer price index increase. The agreement states that the Village will make an annual capital contribution to the Bayside Communications Center with payments ranging from $5,428 to $16,201. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 52 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN Wisconsin Retirement System (WRS) Plan Descriptions Plan Administration. The Wisconsin Retirement System (WRS) is a cost-sharing multiple-employer defined benefit pension plan. WRS benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. Benefit terms may onely be modified by the legislature. The retirement system is administered by the Wisconsin Department of Employee Trust Funds (ETF). The system provides coverage to all eligible State of Wisconsin, local government, and other public employees. All employees, initially employed by a participating WRS employer on or after July 1, 2011, expected to work at least 1,200 hours a year (880 hours for teachers and school district educational support employees) and expected to be employed for at least one year from employee’s date of hire are eligible to participate in the WRS. ETF issues a standalone Annual Comprehensive Financial Report (ACFR), which can be found at https:// etf.wi.gov/about-etf/reports-and-studies/financial-reports-and-statements. Additionally, ETF issued a standalone Wisconsin Retirement System Financial Report, which can also be found using the link above. Vesting. For employees beginning participation on or after January 1, 1990, and no longer actively employed on or after April 24, 1998, creditable service in each of five years is required for eligibility for a retirement annuity. Participants employed prior to 1990 and on or after April 24, 1998, and prior to July 1, 2011, are immediately vested. Participants who initially became WRS eligible on or after July 1, 2011, must have five years of creditable service to be vested. Benefits Provided. Employees who retire at or after age 65 (54 for protective occupations and 62 for elected officials and executive service retirement plan participants, if hired on or before 12/31/2016) are entitled to a retirement benefit based on a formula factor, their final average earnings, and creditable service. Final average earnings is the average of the participant's three highest annual earnings periods. Creditable service includes current service and prior service for which a participant received earnings and made contributions as required. Creditable service also includes creditable military service. The retirement benefit will be calculated as a money purchase benefit based on the employee’s contributions plus matching employer's contributions, with interest, if that benefit is higher than the formula benefit. Vested participants may retire at or after age 55 (50 for protective occupations) and receive an actuarially-reduced benefit. Participants terminating covered employment prior to eligibility for an annuity may either receive employee-required contributions plus interest as a separation benefit or leave contributions on deposit and defer application until eligible to receive a retirement benefit. The WRS also provides death and disability benefits for employees. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 53 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Plan Descriptions - Continued Post-Retirement Adjustments. The Employee Trust Funds Board may periodically adjust annuity payments from the retirement system based on annual investment performance in accordance with s. 40.27, Wis. Stat. An increase (or decrease) in annuity payments may result when investment gains (losses), together with other actuarial experience factors, create a surplus (shortfall) in the reserves, as determined by the system’s consulting actuary. Annuity increases are not based on cost of living or other similar factors. For Core annuities, decreases may be applied only to previously granted increases. By law, Core annuities cannot be reduced to an amount below the original, guaranteed amount (the floor) set at retirement. The Core and Variable annuity adjustments granted during recent years are as follows Core Fund Variable Fund Year Adjustment Adjustment 2015 2.9% 2.0% 2016 0.5% (5.0%) 2017 2.0% 4.0% 2018 2.4% 17.0% 2019 —% (10.0%) 2020 1.7% 21.0% 2021 5.1% 13.0% 2022 7.4% 15.0% 2023 1.6% (21.0%) 2024 3.6% 15.0% VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 54 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Plan Descriptions - Continued Contributions. Required contributions are determined by an annual actuarial valuation in accordance with Chapter 40 of the Wisconsin Statutes. The employee required contribution is one-half of the actuarially determined contribution rate for General category employees, including Teachers, Executives and Elected Officials. Starting on January 1, 2016, the Executives and Elected Officials category was merged into the General Employee Category. Required contributions for protective employees are the same rate as general employees. Employers are required to contribute the remainder of the actuarially determined contribution rate. The employer may not pay the employee required contribution unless provided for by an existing collective bargaining agreement. During the reporting period, the WRS recognized $708,648 in contributions from the employer. Contributions rates as of December 31, 2024 are: Employee Category Employee Employer General (including teachers, executive, and elected official) 6.90% 6.90% Protective Occupation with Social Security 6.90% 14.30% Protective Occupation without Social Security 6.90% 19.10% Pension Liabilties, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At December 31, 2025, the Village reported a net pension liability of $679,520 for its proportionate share of the net pension liability. The net pension liability was measured as of December 31, 2024 , and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of December 31, 2023, rolled forward to December 31, 2024 . No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The Village’s proportion of the net pension liability was based on the Village’s share of contributions to the pension plan relative to the contributions of all participating employers. At December 31, 2024 , the Village’s proportion was 0.04135433%, which was a decrease of 0.00017621% from its proportion measured as of December 31, 2023. For the year ended December 31, 2025, the Village recognized pension expense of $927,505. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 55 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Pension Liabilties, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions - Continued For the year ended December 31, 2025, the Village reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Totals Differences Between Expected and Actual Experience $ 2,110,281 (1,983,002) 127,279 Net Difference Between Projected and Actual Earnings on Pension Plan Investments 1,032,567 — 1,032,567 Changes of Assumptions 201,626 — 201,626 Changes in Proportion and Differences Between Employer Contributions and Proportionate Share of Contributions 17,339 (2,313) 15,026 Total Pension Expense to be Recognized in Future Periods 3,361,813 (1,985,315) 1,376,498 Pension Contributions Made Subsequent to the Measurement Date 708,648 — 708,648 Total Deferred Amounts Related to Pensions 4,070,461 (1,985,315) 2,085,146 $708,648 reported as deferred outflows of resources related to pension resulting from the WRS Employer’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31, 2026. Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense in future periods as follows: Net Deferred Outflows/ Fiscal (Inflows) Year of Resources 2026 $ 413,601 2027 1,415,039 2028 (344,571) 2029 (107,571) 2030 — Thereafter — Total 1,376,498 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 56 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Actuarial Assumptions The total pension liability in the December 31, 2024 , actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Actuarial Valuation Date December 31, 2023 Measurement Date of Net Pension Liability December 31, 2024 Experience Study January 1, 2021 - December 31, Published November 19, 2024 Actuarial Cost Method Entry Age Normal Asset Valuation Method Fair Value Long-Term Expected Rate of Return 6.80% Discount Rate 6.80% Salary Increases Wage Inflation 3.00% Seniority/Merit 0.10% - 5.70% Mortality 2020 WRS Experience Mortality Table Post-Retirement Adjustments* 1.70% *No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience, and other factors. 1.7% is the assumed annual adjustment based on the investment return assumption and the post-retirement discount rate. Includes the impact of known Market Recognition Account deferred gains/losses on the liability for dividend payments. Actuarial assumptions are based upon an experience study conducted in 2024 that covered a three-year period from January 1, 2021 to December 31, 2023. Based on this experience study, actuarial assumptions used to measure the total pension liability changed from prior year, including seniority (merit) and separation rates. The total pension liability for December 31, 2024 is based upon a roll-forward of the liability calculated from the December 31, 2023 actuarial valuation. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 57 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Long-Term Expected Return on Plan Assets The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table: Long-Term Long-Term Target Expected Nominal Expected Real Core Fund Asset Class Allocation Rate of Return Rate of Return Public Equity 38.0% 7.0% 4.3% Public Fixed Income 27.0% 6.1% 3.4% Private Equity/Debt 20.0% 9.5% 6.7% Inflation Sensitive 19.0% 4.8% 2.1% Real Estate 8.0% 6.5% 3.8% Leverage (12.0%) 3.7% 1.1% Total Core Fund 100.0% 7.5% 4.8% Variable Fund Asset Class U.S. Equities 70.0% 6.5% 3.8% International Equities 30.0% 7.4% 4.7% Total Variable Fund 100.0% 6.9% 4.2% Single Discount Rate A single discount rate of 6.8% was used to measure the total pension liability for the current and prior year. The discount rate is based on the expected rate of return on pension plan investments of 6.8% and a municipal bond rate of 4.08% (Source: "20-Bond GO Index" is the Bond Buyer Index, general obligation, 20 years to maturity, mixed quality as of December 31, 2024. In describing this index, the Bond Buyer notes that the bonds' average quality is roughly equivalent to Moody's Investors Service's Aa2 rating and Standard and Poor's Corp.'s AA.). Because of the unique structure of WRS, the 6.8% expected rate of return implies that a dividend of approximately 1.7% will always be paid. For purposes of the single discount rate, it was assumed that the dividend would always be paid. The projection of cash flows used to determine this single discount rate assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on these assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments (including expected dividends) of current plan members. Therefore, the municipal bond rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 58 NOTE 4 - OTHER INFORMATION - Continued EMPLOYEE RETIREMENT SYSTEM - DEFINED BENEFIT PENSION PLAN - Continued Wisconsin Retirement System (WRS) - Continued Sensitivity of the Village’s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents the Village’s proportionate share of the net pension liability calculated using the discount rate of 6.80%, as well as what the Village’s proportionate share of the net pension liability/(asset) would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate: Current 1% Decrease Discount Rate 1% Increase (5.80%) (6.80%) (7.80%) Village's Proportionate Share of the Net Pension Liability/(Asset) $ 6,374,785 679,520 (3,366,802) Pension Plan Fiduciary Net Position Detailed information about the pension plan’s fiduciary net position is available in separately issued financial statements available at https://etf.wi.gov/aboutetf/reports-and-studies/financial-reports-and-statements. OTHER POST-EMPLOYMENT BENEFITS Retiree Benefit Plan General Information about the Retiree Benefit Plan Plan Description. The Village’s defined benefit OPEB plan, Retiree Benefits Plan (RBP), provides OPEB for retired employees of the Village. RBP is a single-employer defined benefit OPEB plan administered by the Village. Article 11 of the State Compiled Statutes grants the authority to establish and amend the benefit terms and financing requirements to the Town Board . No assets are accumulated in a trust that meets the criteria in paragraph 4 of Statement 75. Benefits Provided. The Village provides continued health insurance coverage at the active employee rate to all eligible employees in accordance with Wisconsin Statutes, which creates an implicit subsidy of retiree health insurance. In addition, the Village provides a monthly contribution toward the premium based upon the union contract or group the retiree was in while employed by the Village. To be eligible for benefits, an employee must qualify for retirement under one of the Village’s retirement plans. Upon a retiree reaching age 65 years of age, Medicare becomes the primary insurer and the retiree can choose to not participate in the plan or continue under the Village’s plan at a Medicare supplement rate. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 59 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Retiree Benefit Plan - Continued General Information about the Retiree Benefit Plan - Continued Plan Membership. As of December 31, 2025, the measurement date, the following employees were covered by the benefit terms: Inactive Plan Members Currently Receiving Benefits 5 Inactive Plan Members Entitled to but not yet Receiving Benefits — Active Plan Members 69 Total 74 Total OPEB Liability The Village’s total OPEB liability was measured as of December 31, 2025 , and was determined by an actuarial valuation as of that date. Actuarial Assumptions. The total OPEB liability in the December 31, 2025 actuarial valuation was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified: Actuarial Valuation Date December 31, 2025 Measurement Date December 31, 2025 Actuarial Cost Method Entry Age Normal (Level Percent of Salary) Inflation 2.50% Discount Rate 4.83% Salary Increases Including Inflation 3.20% Healthcare Cost Trend Rates Initial rate of 7.58% decreasing to an ultimate rate of 5.00% for 2034 and later years. The discount rate was based on the current yield for a 20-year, tax-exempt general obligation municipal bonds with an average rate of AA/Aa2 or higher. Mortality rates are based on rates from the Wisconsi Retirement System Experience Study Report dated November 19, 2024 for general and protective participants. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 60 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Retirement Benefit Plan - Continued Change in the Net OPEB Liability Total OPEB Liability Balance at December 31, 2024 $ 679,306 Changes for the Year: Service Cost 39,923 Interest on the Total OPEB Liability 27,087 Changes of Benefit Terms — Difference Between Expected and Actual Experience — Changes of Assumptions or Other Inputs (47,756) Benefit Payments (30,786) Other Changes — Net Changes (11,532) Balance at December 31, 2025 667,774 Sensitivity of the Total OPEB Liability to Changes in the Discount Rate The discount rate used to measure the total OPEB liability was 4.83%, while the prior valuation used 4.08%. The following presents the total OPEB liability, calculated using the discount rate, as well as what the total OPEB liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher: Current 1% Decrease Discount Rate 1% Increase (3.83%) (4.83%) (5.83%) Total OPEB Liability $ 732,270 667,774 609,601 VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 61 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Retirement Benefit Plan - Continued Sensitivity of the Total OPEB Liability to Changes in the Healthcare Cost Trend Rates The following presents the total OPEB liability, calculated using a variable Healthcare Trend Rate, as well as what the total OPEB liability would be if it were calculated using a Healthcare Trend Rate that is one percentage point lower or one percentage point higher: Healthcare Cost Trend 1% Decrease Rates 1% Increase (Varies) (Varies) (Varies) Total OPEB Liability $ 598,759 667,774 749,743 OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB For the year ended December 31, 2025, the Village recognized OPEB expense of $51,218. At December 31, 2025, the Village reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Totals Difference Between Expected and Actual Experience $ 52,883 (167,562) (114,679) Change in Assumptions 77,403 (196,661) (119,258) Net Difference Between Projected and Actual Earnings on OPEB Plan Investments — — — Total Deferred Amounts Related to OPEB 130,286 (364,223) (233,937) VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 62 NOTE 4 - OTHER INFORMATION - Continued OTHER POST-EMPLOYMENT BENEFITS - Continued Retirement Benefit Plan - Continued OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB - Continued Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Net Deferred Fiscal (Inflows) Year of Resources 2026 $ (15,792) 2027 (15,792) 2027 (15,792) 2027 (15,792) 2027 (15,792) Thereafter (154,977) Total (233,937) SUBSEQUENT EVENT Debt Issuance On April 16, 2026, the Village issued $4,375,000 of General Obligation Promissory Notes, due in annual installments, plus interest at 4.00% - 5.00% through April 1, 2036. VILLAGE OF BROWN DEER, WISCONSIN Notes to the Financial Statements December 31, 2025 63 REQUIRED SUPPLEMENTARY INFORMATION Required supplementary information includes financial information and disclosures that are required by the GASB but are not considered a part of the basic financial statements. Such information includes: • Schedule Employer Contributions - Last Ten Fiscal Years Wisconsin Retirement System Fund • Schedule of Proportionate Share of the Net Pension Liability/(Asset) - Last Ten Measurement Years Wisconsin Retirement System Fund • Notes to the Required Supplementary Information Wisconsin Retirement System Fund • Schedule of Changes in the Employer's Total OPEB Liability Retiree Benefits Plan • Budgetary Comparison Schedule General Fund Notes to the Required Supplementary Information Budgetary Information - Budgets are adopted on a basis consistent with generally accepted accounting principles. 64 Contributions in Relation to Contributions as Contractually the Contractually Contribution Covered- a Percentage of Fiscal Required Required Excess/ Employee Covered-Employee Year Contribution Contributions (Deficiency) Payroll Payroll 2016 $ 397,074 $ 397,074 $ — $ 4,983,360 7.97% 2017 430,918 430,918 — 4,989,401 8.64% 2018 435,197 435,197 — 4,933,700 8.82% 2019 443,093 443,093 — 5,214,755 8.50% 2020 493,612 493,612 — 5,541,702 8.91% 2021 489,326 489,326 — 5,329,801 9.18% 2022 492,368 492,368 — 5,303,205 9.28% 2023 551,864 551,864 — 5,523,542 9.99% 2024 615,523 615,523 — 5,813,277 10.59% 2025 708,648 708,648 — 6,077,176 11.66% VILLAGE OF BROWN DEER, WISCONSIN Wisconsin Retirement System Schedule of Employer Contributions - Last Ten Fiscal Years December 31, 2025 65 Plan Fiduciary Proportionate Contributions as Net Position Proportion of Share of the Covered- a Percentage of as a Percentage Fiscal the Net Pension Net Pension Employee Covered-Employee Of Total Pension Year Liability/(Asset) Liability/(Asset) Payroll Payroll Liability 2015 0.04060769% $ 659,867 $ 4,851,886 13.60% 98.20% 2016 0.04103731% 338,245 4,983,360 6.79% 99.12% 2017 0.14173939% (1,239,291) 4,989,401 (24.84%) 102.93% 2018 0.04196502% 1,492,983 4,933,700 30.26% 96.45% 2019 0.04216961% (1,359,740) 5,214,754 (26.07%) 102.60% 2020 0.04295982% (2,682,041) 5,541,702 (48.40%) 105.26% 2021 0.04305161% (3,470,037) 5,329,801 (65.11%) 106.02% 2022 0.04265045% 2,259,494 5,303,204 42.61% 95.72% 2023 0.04153054% 617,478 5,523,542 11.18% 98.58% 2024 0.04135433% 679,520 5,813,277 11.69% 98.79% VILLAGE OF BROWN DEER, WISCONSIN Wisconsin Retirement System Fund Schedule of Proportionate Share of the Net Pension Liability/(Asset) - Last Ten Measurement Years December 31, 2025 66 Changes in Benefit Terms: There were no changes of benefit terms for any participating employer in WRS. Change in Assumptions: Based on a three-year experience study conducted in 2021 covering January 1, 2018 through December 31, 2020, the ETF Board adopted assumption changes that were used to measure the total pension liability beginning with the year ended December 31, 2021, including the following: • Lowering the long-term expected rate of return from 7.0% to 6.8% • Lowering the discount rate from 7.0% to 6.8% • Lowering the price inflation rate from 2.5% to 2.4% • Lowering the post-retirement adjustments from 1.9% to 1.7% • Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2018 Mortality Table to the 2020 WRS Experience Mortality Table. Based on a three-year experience study conducted in 2018 covering January 1, 2015 through December 31, 2017, the ETF Board adopted assumption changes that were used to measure the total pension liability beginning with the year-ended December 31, 2018, including the following: • Lowering the long-term expected rate of return from 7.2% to 7.0% • Lowering the discount rate from 7.2% to 7.0% • Lowering the wage inflation rate from 3.2% to 3.0% • Lowering the price inflation rate from 2.7% to 2.5% • Lowering the post-retirement adjustments from 2.1% to 1.9% • Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2012 Mortality Table to the Wisconsin 2018 Mortality Table. VILLAGE OF BROWN DEER, WISCONSIN Wisconsin Retirement System Notes to the Required Supplementary Information December 31, 2025 67 Valuation Date December 31, 2022 Actuarial Cost Method Frozen Entry Age Amortization Method Level Percent of Payroll-Closed Amortization Period Amortization Period 30 Years Closed from Date of Participation in WRS Asset Valuation Method Five Year Smoothed Market (Closed) Actuarial Assumptions Net Investment Rate of Return 5.40% Weighted Based on Assumed Rate for: Pre-Retirement 6.80% Post-Retirement 5.00% Salary Increases Wage Inflation 3.00% Seniority/Merit 0.10% - 5.70% Post Retirement Benefit Adjustments* 1.70% Retirement Age Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2021 valuation pursuant to an experience study of the period 2018-2020. Mortality 2020 WRS Experience Tables. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2021 fully generational improvement scale from a base year of 2010. *No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience, and other factors. Value is the assumed annual adjustment based on the investment return assumption and the post-retirement discount rate. VILLAGE OF BROWN DEER, WISCONSIN Wisconsin Retirement System Notes to the Required Supplementary Information - Continued December 31, 2025 68 See Following Page VILLAGE OF BROWN DEER, WISCONSIN Retiree Benefits Plan Schedule of Changes in the Employer's Total OPEB Liability December 31, 2025 69 12/31/2018 Total OPEB Liability Service Cost $ 32,784 Interest 29,980 Changes in Benefit Terms — Differences Between Expected and Actual Experience — Change of Assumptions — Benefit Payments (30,114) Other Changes — Net Change in Total OPEB Liability 32,650 Total OPEB Liability - Beginning 716,727 Total OPEB Liability - Ending 749,377 Employee-Covered Payroll 5,268,457 Total OPEB Liability as a Percentage of Employee-Covered Payroll 14.22% Notes: This schedule is intended to show information for ten years. Information for additional years will be displayed as it becomes available. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement 75. Changes of Assumptions. Changes of assumptions and other inputs reflect the effects of changes in the discount rate from 2018 through 2025. VILLAGE OF BROWN DEER, WISCONSIN Retiree Benefits Plan Schedule of Changes in the Employer's Total OPEB Liability December 31, 2025 70 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 31,798 32,363 44,584 46,025 40,905 46,302 39,923 31,247 29,981 17,406 17,502 29,931 28,342 27,087 — (30,066) — 70,859 — — — — (11,328) — — — (187,268) — — 86,681 4,488 (136,045) 35,472 (58,706) (47,756) (44,075) (37,670) (34,524) (41,222) (45,559) (37,494) (30,786) — — — — — — — 18,970 69,961 31,954 (42,881) 60,749 (208,824) (11,532) 749,377 768,347 838,308 870,262 827,381 888,130 679,306 768,347 838,308 870,262 827,381 888,130 679,306 667,774 5,373,826 5,862,148 6,049,736 4,654,251 5,059,043 6,223,683 6,385,582 14.30% 14.30% 14.39% 17.78% 17.56% 10.91% 10.46% 71 Original Final Budget Budget Actual Revenues Taxes $ 8,008,177 8,008,177 7,961,035 Intergovernmental 2,101,971 2,101,971 2,296,856 Licenses and Permits 316,550 316,550 318,492 Charges for Services 757,396 757,396 848,382 Fines and Forfeitures 370,330 370,330 368,269 Investment Income 150,000 150,000 415,838 Miscellaneous 325,000 325,000 241,453 Total Revenues 12,029,424 12,029,424 12,450,325 Expenditures General Government 2,065,490 2,065,490 1,911,603 Public Safety 7,882,894 7,882,894 7,842,096 Public Works 1,570,439 1,570,439 1,682,039 Health and Human Services 137,770 137,770 141,791 Culture, Recreation, and Education 314,180 314,180 325,025 Conservation and Development 343,651 343,651 450,111 Debt Service Principal Retirement — — 39,309 Interest and Fiscal Charges — — 5,169 Total Expenditures 12,314,424 12,314,424 12,397,143 Excess (Deficiency) of Revenues Over (Under) Expenditures (285,000) (285,000) 53,182 Other Financing Sources (Uses) Transfers In 285,000 285,000 269,694 Transfers Out — — (33,653) 285,000 285,000 236,041 Net Change in Fund Balance — — 289,223 Fund Balance - Beginning 8,949,089 Fund Balance - Ending 9,238,312 VILLAGE OF BROWN DEER, WISCONSIN General Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 72 OTHER SUPPLEMENTARY INFORMATION Other supplementary information includes financial statements and schedules not required by the GASB, nor a part of the basic financial statements, but are presented for purposes of additional analysis. Such statements and schedules include: • Budgetary Comparison Schedules - Major Governmental Funds • Combining Statements - Nonmajor Governmental Funds • Budgetary Comparison Schedules - Nonmajor Governmental Funds • Budgetary Comparison Schedules - Enterprise Funds • Budgetary Comparison Schedule - Internal Service Fund 73 INDIVIDUAL FUND DESCRIPTIONS GENERAL FUND The General Fund is used to account for all financial resources except those required to be accounted for in another fund. SPECIAL REVENUE FUNDS The Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than fiduciary funds or capital projects funds) that are legally restricted to expenditures for specified purposes. Village Grant Fund The Village Grant Fund is used to account for the various grants that the Village does not track in its Health Funds, General Fund, or Capital Improvements Fund. Special Assessments Fund The Special Assessments Fund is used to account for and track the revenue and expenses for all the streetlights in Brown Deer. There are currently 7 street lighting districts. Library Fund The Library Fund is used to account for the day-to-day operations and services provided by the municipal library. North Shore Health Department Fund The North Shore Health Department Fund is used to account for the operation of the North Shore Health Department. Funds are segregated in this special fund because significant portions of revenues are collected from other municipalities that share in the cost of operation of the department. The member municipalities are Bayside, Glendale, Fox Point, River Hills, Shorewood, Whitefish Bay, and Brown Deer. This fund also includes all the grant revenue and grant expenditures that belong to the NSHD. Police Asset Forfeiture Fund The Police Asset Forfeiture Fund is used for assets resulting from police activities. The funds are reported to the State and expenditures must be approved. Recycling Fund The Recycling Fund is used to account for the receipt and disbursement of funds generated by user charges for the operation of the Village recycling center and contracted recycling services. 74 INDIVIDUAL FUND DESCRIPTIONS - Continued SPECIAL REVENUE FUNDS - Continued Park and Recreation Program Fund The Park and Recreation Program Fund is used to account for the operation of the Park & Recreation Programs. Funds are segregated in this special fund to account for the revenues and expenditures of park services, recreational programs, the village pond, and the community center. Strehlow Donation Fund The Strehlow Donation Fund was created when the Village park and recreation department and the Village Library received funds from Naomi Strehlow to use on children’s activities. This fund is used to account for those expenditures. Brown Deer Farmers Market Fund The Brown Deer Farmers Market Fund is used to account for the operations of the Village of Brown Deer, Wisconsin’s farmers market. Funds are segregated in this special fund to account for the revenues and expenditures of the market. Municipal Court Fund The Municipal Court Fund is used to account for fees collected on convictions of Municipal Court citations. It also includes all the correlating Municipal Court expenditures. Tourism Commission Fund The Tourism Commission Fund is used to account for revenues that exceed the amount of room tax revenue a municipality may retain. The room tax revenue must be spent on tourism promotion and tourism development. It cannot be spent directly by the municipality. Policing Services Fund The Policing Services Fund is used to account for policing services provided to Rogers Memorial Hospital because of a developer agreement between the Village and Rogers Memorial Hospital. It also includes an agreement between the Village of Brown Deer and Brown Deer School District over the sharing of a School Liaison Officer. DEBT SERVICE FUND The Debt Service Fund is used account for the accumulation of resources for, and the payment of, general long- term debt principal and interest. Financing is provided by the annual tax levy. The Debt Service Fund is a major fund. 75 INDIVIDUAL FUND DESCRIPTIONS - Continued CAPITAL PROJECTS FUNDS The Capital Projects Funds are used to account for all resources used for the acquisition of capital facilities by a governmental unit except those financed by Proprietary and Trust Funds. TIF No. 4 Fund The TIF No. 4 Fund is used to account for and report financial resources that are restricted, committed, or assigned to expenditures outlined in the TIF project plan. Capital Improvements Fund The Capital Improvements Fund is used to account for and report financial resources that are restricted, committed, or assigned to expenditures for capital outlays, including the acquisition or construction of capital facilities and other capital assets for the Capital Improvement Plan. TIF No. 2 Fund The TIF No. 2 Fund is used to account for and report financial resources that are restricted, committed, or assigned to expenditures outlined in the TIF project plan. TIF No. 3 Fund The TIF No. 3 Fund is used to account for and report financial resources that are restricted, committed, or assigned to expenditures outlined in the TIF project plan. TIF No. 5 Fund The TIF No. 5 Fund is used to account for and report financial resources that are restricted, committed, or assigned to expenditures outlined in the TIF project plan. TIF No. 6 Fund The TIF No. 6 Fund is used to account for and report financial resources that are restricted, committed, or assigned to expenditures outlined in the TIF project plan. ENTERPRISE FUNDS The Enterprise Funds are used to account for operations that are financed and operated in a manner similar to private business enterprises where the intent is that costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges; or where it has been decided that periodic determination of revenues earned, expenses incurred and/or net income is appropriate for capital maintenance, public policy, management control, accountability or other purpose. 76 INDIVIDUAL FUND DESCRIPTIONS - Continued ENTERPRISE FUNDS - Continued Water Utility Fund The Water Utility Fund is used to account for the activities of operating the water system. Sewer Utility Fund The Sewer Utility Fund is used to account for the activities of operating the sewer system. Storm Water Utility Fund The Storm Water Utility Fund is used to account for the activities of the operations of the storm water system. INTERNAL SERVICE FUND The Internal Service Funds are used to account for the financing of goods or services provided by one department or agency of the City, to other departments or agencies or other governmental units, on a cost- reimbursement basis. Self-Funded Health Insurance Fund The Self-Funded Health Insurance Fund is used to account for the accumulation of resources and payment of claims, by allowing the Village to systematically collect, retain, and manage financial resources that are dedicated exclusively to funding employee healthcare costs. This includes the allocation of the costs of providing health insurance insurance coverage to the different departments and funds of the Village of Brown Deer. CUSTODIAL FUND The Custodial Funds are used to account for assets held by the Village in a trustee capacity or as a custodian for individuals, private organizations, and/or other governmental units Property Tax Fund The Property Tax Fund is used to account for the collection of property taxes for other taxing governmental agencies and the distributions made to those agencies. 77 Original Final Budget Budget Actual Taxes Property Taxes $ 7,533,177 7,533,177 7,562,512 Room Tax 475,000 475,000 398,523 8,008,177 8,008,177 7,961,035 Intergovernmental Shared Revenue 1,519,026 1,519,026 1,518,857 General Transportation Aid 576,945 576,945 576,442 Personal Property Aid — — 186,630 CDBG Grant 6,000 6,000 4,414 Other Grants — — 10,513 2,101,971 2,101,971 2,296,856 Licenses and Permits 316,550 316,550 318,492 Charges for Services 757,396 757,396 848,382 Fines, Forfeitures, and Penalties 370,330 370,330 368,269 Investment Income 150,000 150,000 415,838 Miscellaneous 325,000 325,000 241,453 Total Revenues 12,029,424 12,029,424 12,450,325 VILLAGE OF BROWN DEER, WISCONSIN General Fund Schedule of Revenues - Budget and Actual For the Fiscal Year Ended December 31, 2025 78 Original Final Budget Budget Actual Revenues Taxes Property Taxes $ 2,194,511 2,194,511 2,194,511 Expenditures Debt Service Principal Retirement 1,561,908 1,561,908 1,561,908 Interest and Fiscal Charges 632,603 632,603 632,711 Total Expenditures 2,194,511 2,194,511 2,194,619 Net Change in Fund Balance — — (108) Fund Balance - Beginning (851,867) Fund Balance - Ending (851,975) VILLAGE OF BROWN DEER, WISCONSIN Debt Service Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 79 Original Final Budget Budget Actual Revenues Taxes Property Taxes $ 1,091,012 1,091,012 1,057,591 Intergovernmental Grants 6,360 6,360 6,360 Personal Property Aid — — 11,037 Miscellaneous — — 28,836 Total Revenues 1,097,372 1,097,372 1,103,824 Expenditures Conservation and Development 105,000 105,000 141,477 Capital Outlay 1,300,000 1,300,000 1,193,540 Debt Service Principal Retirement 108,092 108,092 108,092 Interest and Fiscal Charges 1,742 1,742 1,742 Total Expenditures 1,514,834 1,514,834 1,444,851 Excess (Deficiency) of Revenues Over (Under) Expenditures (417,462) (417,462) (341,027) Other Financing Sources Transfers In 250,000 250,000 250,000 Net Change in Fund Balance (167,462) (167,462) (91,027) Fund Balance - Beginning (6,317,505) Fund Balance - Ending (6,408,532) VILLAGE OF BROWN DEER, WISCONSIN TIF No. 4 - Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 80 Original Final Budget Budget Actual Revenues Investment Income $ — — 68,106.00 Expenditures General Government 60,000 60,000 60,000 Public Works — — 6,219 Conservation and Development — — 82,397 Capital Outlay — — 4,469,193 Debt Service Interest and Fiscal Charges — — 220,799 Total Expenditures 60,000 60,000 4,838,608 Excess (Deficiency) of Revenues Over (Under) Expenditures (60,000) (60,000) (4,770,502) Other Financing Sources Debt Issuance — — 6,860,000 Net Change in Fund Balance (60,000) (60,000) 2,089,498 Fund Balance - Beginning (96,448) Fund Balance - Ending 1,993,050 VILLAGE OF BROWN DEER, WISCONSIN TIF No. 5 - Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 81 Original Final Budget Budget Actual Revenues Taxes Property Taxes $ 470,500 470,500 470,500 Intergovernmental Grants 3,532,574 3,532,574 1,755,548 Miscellaneous — — 9,816 Total Revenues 4,003,074 4,003,074 2,235,864 Expenditures Capital Outlay 5,456,219 5,456,219 5,653,492 Net Change in Fund Balance (1,453,145) (1,453,145) (3,417,628) Fund Balance - Beginning 858,716 Fund Balance - Ending (2,558,912) VILLAGE OF BROWN DEER, WISCONSIN Capital Improvements - Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 82 Special North Shore Police Village Special Health Asset Grant Assessments Library Department Forfeiture Recycling ASSETS Cash and Investments $ 8,124 291,397 1,269,096 250,723 12,796 714,815 Receivables - Net of Allowances Taxes — 54,848 239,027 — — 194,334 Accounts — — 161,557 97,994 — — Accrued Interest — 249 15,488 153 15 940 Leases — — 10,014 — — — Total Assets 8,124 346,494 1,695,182 348,870 12,811 910,089 LIABILITIES Accounts Payable — 3,513 140,265 28,586 — 86,352 Accrued Payroll — — 13,270 28,934 — 976 Unearned Revenues — 10,926 — — — — Due to Other Funds — — — — — — Total Liabilities — 14,439 153,535 57,520 — 87,328 DEFERRED INFLOWS OF RESOURCES Property Taxes — 43,922 433,709 — — 530,880 Leases — — 4,900 — — — Total Deferred Inflows of Resources — 43,922 438,609 — — 530,880 Total Liabilities and Deferred Inflows of Resources — 58,361 592,144 57,520 — 618,208 FUND BALANCES Restricted 8,124 — 1,103,038 — 12,811 — Committed — 288,133 — 291,350 — 291,881 Unassigned — — — — — — Total Fund Balances 8,124 288,133 1,103,038 291,350 12,811 291,881 Total Liabilities, Deferred Inflows of Resources, and Fund Balances 8,124 346,494 1,695,182 348,870 12,811 910,089 VILLAGE OF BROWN DEER, WISCONSIN Nonmajor Governmental Funds Combining Balance Sheet December 31, 2025 83 Revenue Capital Projects Park and Brown Deer TIF No. 5 Recreation Strehlow Farmers Tourism Policing (Formerly Program Donation Market Commission Services TIF No. 2 TIF No. 3 Nonmajor) TIF No. 6 Totals 161,440 45,163 — 93,275 — 84,240 370,946 — 13,250 3,315,265 41,334 — — — — — 418,321 — 19,447 967,311 — — 18,149 — 182,691 — — — — 460,391 259 — — — — — 114 — — 17,218 — — — — — — — — — 10,014 203,033 45,163 18,149 93,275 182,691 84,240 789,381 — 32,697 4,770,199 5,745 — 637 — — 84,240 140,000 — — 489,338 85 — — — — — — — — 43,265 — — — — — — — — — 10,926 — — 6,679 — 132,097 — 359,038 — 26,750 524,564 5,830 — 7,316 — 132,097 84,240 499,038 — 26,750 1,068,093 75,000 — — — — — 703,339 — 32,697 1,819,547 — — — — — — — — — 4,900 75,000 — — — — — 703,339 — 32,697 1,824,447 80,830 — 7,316 — 132,097 84,240 1,202,377 — 59,447 2,892,540 — 45,163 10,833 93,275 50,594 — — — — 1,323,838 122,203 — — — — — — — — 993,567 — — — — — — (412,996) — (26,750) (439,746) 122,203 45,163 10,833 93,275 50,594 — (412,996) — (26,750) 1,877,659 203,033 45,163 18,149 93,275 182,691 84,240 789,381 — 32,697 4,770,199 84 Special North Shore Police Village Special Health Asset Grant Assessments Library Department Forfeiture Recycling Revenues Taxes $ — — 421,077 — — — Intergovernmental — — — 351,837 — 43,778 Licenses and Permits — — — 180,495 — — Charges for Services — — 207,723 650,542 — 304,060 Public Improvement Revenues — 47,047 — — — — Investment Income — — 47,735 10,266 — — Miscellaneous — — 460,120 1,395 — 9,350 Total Revenues — 47,047 1,136,655 1,194,535 — 357,188 Expenditures Public Safety — — — — — — Public Works — 60,256 — — — 483,729 Health and Human Services — — — 1,117,138 — — Culture, Recreation, and Education — — 1,249,536 — — — Conservation and Development — — — — — — Debt Service Principal Retirement — — — — — — Interest and Fiscal Charges — — — — — — Total Expenditures — 60,256 1,249,536 1,117,138 — 483,729 Excess (Deficiency) of Revenues Over (Under) Expenditures — (13,209) (112,881) 77,397 — (126,541) Other Financing (Uses) Transfers Out — — — — — — Net Change in Fund Balances — (13,209) (112,881) 77,397 — (126,541) Fund Balances - as Previously Reported 8,124 301,342 1,215,919 213,953 12,811 418,422 Adjustment - Nonmajor to Major — — — — — — Fund Balances - as Adjusted — — — — — — Fund Balances - Ending 8,124 288,133 1,103,038 291,350 12,811 291,881 VILLAGE OF BROWN DEER, WISCONSIN Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures and Changes in Fund Balances For the Fiscal Year Ended December 31, 2025 85 Revenue Capital Projects Park and Brown Deer TIF No. 5 Recreation Strehlow Farmers Tourism Policing (Formerly Program Donation Market Commission Services TIF No. 2 TIF No. 3 Nonmajor) TIF No. 6 Totals 73,000 — — — — — 706,936 — — 1,201,013 9,000 — 1,000 — — — 138,264 — — 543,879 13,180 — — — — — — — — 193,675 125,919 — 17,890 — 323,974 — — — — 1,630,108 — — — — — — — — — 47,047 5,697 — — — — — — — — 63,698 45,794 — 9,052 — — — — — — 525,711 272,590 — 27,942 — 323,974 — 845,200 — — 4,205,131 — — — — 297,041 — — — — 297,041 — — — — — — — — — 543,985 — — — — — — — — — 1,117,138 267,317 5,008 31,361 9,750 — — — — — 1,562,972 — — — — — 84,240 112,952 — 15,000 212,192 — — — — — — 475,000 — — 475,000 — — — — — — 18,081 — — 18,081 267,317 5,008 31,361 9,750 297,041 84,240 606,033 — 15,000 4,226,409 5,273 (5,008) (3,419) (9,750) 26,933 (84,240) 239,167 — (15,000) (21,278) — — — — — — (250,000) — — (250,000) 5,273 (5,008) (3,419) (9,750) 26,933 (84,240) (10,833) — (15,000) (271,278) 116,930 50,171 14,252 103,025 23,661 84,240 (402,163) (96,448) (11,750) 2,052,489 — — — — — — — 96,448 — 96,448 116,930 50,171 14,252 103,025 23,661 84,240 (402,163) — (11,750) 2,148,937 122,203 45,163 10,833 93,275 50,594 — (412,996) — (26,750) 1,877,659 86 Original Final Budget Budget Actual Revenues Public Improvement Revenues $ 50,200 50,200 47,047 Expenditures Public Works 49,350 49,350 60,256 Net Change in Fund Balance 850 850 (13,209) Fund Balance - Beginning 301,342 Fund Balance - Ending 288,133 VILLAGE OF BROWN DEER, WISCONSIN Special Assessments - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 87 Original Final Budget Budget Actual Revenues Taxes $ 421,077 421,077 421,077 Charges for Services 240,735 240,735 207,723 Investment Income 24,441 24,441 47,735 Miscellaneous 8,000 8,000 460,120 Total Revenues 694,253 694,253 1,136,655 Expenditures Culture, Recreation, and Education 694,253 694,253 1,249,536 Net Change in Fund Balance — — (112,881) Fund Balance - Beginning 1,215,919 Fund Balance - Ending 1,103,038 VILLAGE OF BROWN DEER, WISCONSIN Library - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 88 Original Final Budget Budget Actual Revenues Intergovernmental $ 305,536 305,536 351,837 Licenses and Permits 179,140 179,140 180,495 Charges for Services 683,385 683,385 650,542 Investment Income 10,000 10,000 10,266 Miscellaneous 250 250 1,395 Total Revenues 1,178,311 1,178,311 1,194,535 Expenditures Health and Human Services 1,209,535 1,209,535 1,117,138 Net Change in Fund Balance (31,224) (31,224) 77,397 Fund Balance - Beginning 213,953 Fund Balance - Ending 291,350 VILLAGE OF BROWN DEER, WISCONSIN North Shore Health Department - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 89 Original Final Budget Budget Actual Revenues Intergovernmental $ 40,000 40,000 43,778 Charges for Services 304,200 304,200 304,060 Miscellaneous 6,500 6,500 9,350 Total Revenues 350,700 350,700 357,188 Expenditures Public Works 447,809 447,809 483,729 Net Change in Fund Balance (97,109) (97,109) (126,541) Fund Balance - Beginning 418,422 Fund Balance - Ending 291,881 VILLAGE OF BROWN DEER, WISCONSIN Recycling - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 90 Original Final Budget Budget Actual Revenues Taxes $ 73,000 73,000 73,000 Intergovernmental Grants — — 9,000 Licenses and Permits 12,000 12,000 13,180 Charges for Services 176,700 176,700 125,919 Investment Income — — 5,697 Miscellaneous 43,000 43,000 45,794 Total Revenues 304,700 304,700 272,590 Expenditures Culture, Recreation, and Education 301,350 301,350 267,317 Net Change in Fund Balance 3,350 3,350 5,273 Fund Balance - Beginning 116,930 Fund Balance - Ending 122,203 VILLAGE OF BROWN DEER, WISCONSIN Park and Recreation Program - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 91 Original Final Budget Budget Actual Revenues Charges for Services $ — — — Expenditures Culture, Recreation, and Education 6,000 6,000 5,008 Net Change in Fund Balance (6,000) (6,000) (5,008) Fund Balance - Beginning 50,171 Fund Balance - Ending 45,163 VILLAGE OF BROWN DEER, WISCONSIN Strehlow Donation - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 92 Original Final Budget Budget Actual Revenues Intergovernmental Grants $ — — 1,000 Charges for Services 10,000 10,000 17,890 Miscellaneous 15,000 15,000 9,052 Total Revenues 25,000 25,000 27,942 Expenditures Culture, Recreation, and Education 25,000 25,000 31,361 Net Change in Fund Balance — — (3,419) Fund Balance - Beginning 14,252 Fund Balance - Ending 10,833 VILLAGE OF BROWN DEER, WISCONSIN Brown Deer Farmers Market - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 93 Original Final Budget Budget Actual Revenues Investment Income $ — — — Expenditures Culture, Recreation, and Education 10,000 10,000 9,750 Net Change in Fund Balance (10,000) (10,000) (9,750) Fund Balance - Beginning 103,025 Fund Balance - Ending 93,275 VILLAGE OF BROWN DEER, WISCONSIN Tourism Commission - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 94 Original Final Budget Budget Actual Revenues Charges for Services $ 314,430 314,430 323,974 Expenditures Public Safety 314,430 314,430 297,041 Net Change in Fund Balance — — 26,933 Fund Balance - Beginning 23,661 Fund Balance - Ending 50,594 VILLAGE OF BROWN DEER, WISCONSIN Policing Services - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 95 Original Final Budget Budget Actual Revenues Taxes Property Taxes $ 729,275 729,275 706,936 Intergovernmental Grants 45,772 45,772 45,772 Personal Property Aid — — 92,492 Total Revenues 775,047 775,047 845,200 Expenditures Conservation and Development 112,952 112,952 112,952 Debt Service Principal Retirement 475,000 475,000 475,000 Interest and Fiscal Charges 13,154 13,154 18,081 Total Expenditures 601,106 601,106 606,033 Excess (Deficiency) of Revenues Over (Under) Expenditures 173,941 173,941 239,167 Other Financing (Uses) Transfers Out (250,000) (250,000) (250,000) Net Change in Fund Balance (76,059) (76,059) (10,833) Fund Balance - Beginning (402,163) Fund Balance - Ending (412,996) VILLAGE OF BROWN DEER, WISCONSIN TIF No. 3 - Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 96 Original Final Budget Budget Actual Revenues Taxes Property Taxes $ — — — Expenditures General Government 15,000 15,000 15,000 Net Change in Fund Balance (15,000) (15,000) (15,000) Fund Balance - Beginning (11,750) Fund Balance - Ending (26,750) VILLAGE OF BROWN DEER, WISCONSIN TIF No. 6 - Capital Projects Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2025 97 Original Final Budget Budget Actual Operating Revenues Charges for Services $ 2,231,100 2,231,100 2,352,221 Operating Expenses Operations and Maintenance 1,493,200 1,493,200 1,575,954 Depreciation and Amortization 309,760 309,760 309,213 Total Operating Expenses 1,802,960 1,802,960 1,885,167 Operating Income 428,140 428,140 467,054 Nonoperating Revenues (Expenses) Investment Income 1,000 1,000 82,827 Rental Income 168,300 168,300 152,355 Interest Expense (42,950) (42,950) (44,953) Miscellaneous 3,500 3,500 14,405 129,850 129,850 204,634 Income Before Contributions and Transfers 557,990 557,990 671,688 Capital Contributions — — 194,300 Transfers Out (275,000) (275,000) (259,298) (275,000) (275,000) (64,998) Change in Net Position 282,990 282,990 606,690 Net Position - Beginning 9,640,454 Net Position - Ending 10,247,144 VILLAGE OF BROWN DEER, WISCONSIN Water Utility - Enterprise Fund Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual For the Fiscal Year Ended December 31, 2025 98 Original Final Budget Budget Actual Operating Revenues Charges for Services $ 1,827,974 1,827,974 1,941,969 Operating Expenses Operations and Maintenance 1,544,082 1,544,082 1,525,514 Depreciation and Amortization 180,333 180,333 180,633 Total Operating Expenses 1,724,415 1,724,415 1,706,147 Operating Income 103,559 103,559 235,822 Nonoperating Revenues (Expenses) Investment Income 15,000 15,000 34,201 Interest Expense (80,000) (80,000) (62,765) (65,000) (65,000) (28,564) Income Before Transfers 38,559 38,559 207,258 Transfers Out — — (10,396) Change in Net Position 38,559 38,559 196,862 Net Position - Beginning 6,336,833 Net Position - Ending 6,533,695 VILLAGE OF BROWN DEER, WISCONSIN Sewer Utility - Enterprise Fund Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual For the Fiscal Year Ended December 31, 2025 99 Original Final Budget Budget Actual Operating Revenues Charges for Services $ 1,387,207 1,387,207 1,315,928 Operating Expenses Operations and Maintenance 771,407 771,407 572,829 Depreciation and Amortization 320,500 320,500 353,904 Total Operating Expenses 1,091,907 1,091,907 926,733 Operating Income 295,300 295,300 389,195 Nonoperating Revenues (Expenses) Interest Expense (57,924) (57,924) (95,439) Miscellaneous 41,312 41,312 — (16,612) (16,612) (95,439) Change in Net Position 278,688 278,688 293,756 Net Position - Beginning 3,214,038 Net Position - Ending 3,507,794 VILLAGE OF BROWN DEER, WISCONSIN Storm Water Utility - Enterprise Fund Schedule of Revenues, Expenses and Changes in Net Position - Budget and Actual For the Fiscal Year Ended December 31, 2025 100 SUPPLEMENTAL SCHEDULES 101 Date of Issue December 2, 2011 Date of Maturity April 1, 2031 Authorized Issue $1,430,000 Interest Rates 2.00% - 3.35% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 45,000 8,390 53,390 2027 45,000 7,040 52,040 2028 45,000 5,612 50,612 2029 45,000 4,104 49,104 2030 50,000 2,513 52,513 2031 50,000 838 50,838 280,000 28,497 308,497 Water Utility 220,000 Sewer Utility 60,000 280,000 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Corporate Purpose Bonds of 2011 December 31, 2025 102 Date of Issue November 26, 2012 Date of Maturity April 1, 2032 Authorized Issue $1,365,000 Interest Rates 0.65% - 2.50% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 40,000 7,365 47,365 2027 45,000 6,451 51,451 2028 45,000 5,484 50,484 2029 45,000 4,438 49,438 2030 50,000 3,250 53,250 2031 50,000 2,000 52,000 2032 55,000 688 55,688 330,000 29,676 359,676 Water Utility 210,000 Sewer Utility 120,000 330,000 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Corporate Purpose Bonds of 2012 December 31, 2025 103 Date of Issue November 26, 2012 Date of Maturity April 1, 2028 Authorized Issue $5,345,000 Interest Rates 2.00% - 3.25% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 390,000 10,627 400,627 2027 75,000 3,656 78,656 2028 75,000 1,219 76,219 540,000 15,502 555,502 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Refunding Bonds of 2012 December 31, 2025 104 Date of Issue October 27, 2014 Date of Maturity April 1, 2029 Authorized Issue $4,400,000 Interest Rates 2.00% - 3.00% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 340,000 35,075 375,075 2027 345,000 26,513 371,513 2028 365,000 16,725 381,725 2029 375,000 5,625 380,625 1,425,000 83,938 1,508,938 Debt Service 700,000 Water Utility 90,000 Sewer Utility 40,000 Storm Water Utility 595,000 1,425,000 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Corporate Purpose Bonds of 2014 December 31, 2025 105 Date of Issue June 27, 2016 Date of Maturity April 1, 2031 Authorized Issue $3,265,000 Interest Rates 1.50% - 2.50% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 220,000 31,377 251,377 2027 230,000 26,587 256,587 2028 235,000 21,064 256,064 2029 240,000 15,127 255,127 2030 240,000 9,127 249,127 2031 245,000 3,064 248,064 1,410,000 106,346 1,516,346 Debt Service and TIF 1,055,000 Water Utility 120,000 Sewer Utility 85,000 Storm Water Utility 150,000 1,410,000 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Corporate Purpose Bonds of 2016 December 31, 2025 106 Date of Issue April 4, 2018 Date of Maturity April 1, 2038 Authorized Issue $9,995,000 Interest Rates 3.00% to 4.00% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 565,000 286,137 851,137 2027 585,000 268,887 853,887 2028 725,000 249,237 974,237 2029 765,000 226,887 991,887 2030 785,000 203,637 988,637 2031 810,000 179,711 989,711 2032 835,000 155,037 990,037 2033 855,000 128,619 983,619 2034 630,000 104,487 734,487 2035 650,000 83,281 733,281 2036 670,000 61,007 731,007 2037 700,000 37,450 737,450 2038 720,000 12,601 732,601 9,295,000 1,996,978 11,291,978 Debt Service 6,670,000 Sewer Utility 876,600 Storm Water Utility 1,748,400 9,295,000 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Refunding Bonds of 2018 December 31, 2025 107 Date of Issue November 26, 2018 Date of Maturity April 1, 2027 Authorized Issue $3,855,000 Interest Rates 2.00% to 3.50% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 130,000 5,850 135,850 2027 130,000 1,950 131,950 260,000 7,800 267,800 Sewer Utility 100,000 Storm Water Utility 160,000 260,000 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Refunding Bonds of 2018A December 31, 2025 108 Date of Issue April 18, 2019 Date of Maturity April 1, 2030 Authorized Issue $3,475,000 Interest Rate 4.00% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 220,000 43,400 263,400 2027 230,000 34,400 264,400 2028 240,000 25,000 265,000 2029 250,000 15,200 265,200 2030 255,000 5,100 260,100 1,195,000 123,100 1,318,100 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Refunding Bonds of 2019 December 31, 2025 109 Date of Issue April 20, 2020 Date of Maturity April 1, 2040 Authorized Issue $5,970,000 Interest Rate 3.00% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 370,000 125,400 495,400 2027 380,000 114,150 494,150 2028 390,000 102,600 492,600 2029 400,000 90,750 490,750 2030 410,000 78,600 488,600 2031 250,000 68,700 318,700 2032 255,000 61,125 316,125 2033 265,000 53,325 318,325 2034 275,000 45,225 320,225 2035 280,000 36,900 316,900 2036 205,000 29,625 234,625 2037 210,000 23,400 233,400 2038 220,000 16,950 236,950 2039 225,000 10,275 235,275 2040 230,000 3,450 233,450 4,365,000 860,475 5,225,475 Debt Service 3,650,000 Water Utility 215,000 Sewer Utility 175,000 Storm Water Utility 325,000 4,365,000 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Refunding Bonds of 2020 December 31, 2025 110 Date of Issue June 6, 2022 Date of Maturity April 1, 2032 Authorized Issue $3,295,000 Interest Rates 3.50% - 5.00% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 305,000 98,200 403,200 2027 320,000 82,575 402,575 2028 335,000 66,200 401,200 2029 355,000 48,950 403,950 2030 370,000 33,601 403,601 2031 380,000 20,476 400,476 2032 395,000 6,913 401,913 2,460,000 356,915 2,816,915 Debt Service 1,735,000 Water Utility 190,000 Sewer Utility 535,000 2,460,000 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Promissory Note of 2022 December 31, 2025 111 Date of Issue April 8, 2024 Date of Maturity April 1, 2034 Authorized Issue $3,525,000 Interest Rate 4.00% Interest Dates April 1 and October 1 Principal Maturity Date October 1 Payable at State of Wisconsin CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ 335,000 134,300 469,300 2027 345,000 120,700 465,700 2028 360,000 106,600 466,600 2029 370,000 92,000 462,000 2030 395,000 76,700 471,700 2031 405,000 60,700 465,700 2032 425,000 44,100 469,100 2033 435,000 26,900 461,900 2034 455,000 9,100 464,100 3,525,000 671,100 4,196,100 Capital Improvements 2,825,000 Water Utility 300,000 Storm Water Sewer 400,000 3,525,000 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements General Obligation Promissory Note of 2024 December 31, 2025 112 Date of Issue March 26, 2025 Date of Maturity April 1, 2028 Authorized Issue $4,090,000 Interest Rate 4.85% Interest Dates April 1 and October 1 Principal Maturity Date April 1 Payable at Associated Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ — 198,366 198,366 2027 — 198,366 198,366 2028 4,090,000 99,183 4,189,183 4,090,000 495,915 4,585,915 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements Taxable Anticipation Notes of 2025 December 31, 2025 113 Date of Issue December 23, 2025 Date of Maturity October 1, 2027 Authorized Issue $2,770,000 Interest Rate 4.30% Interest Dates April 1 and October 1 Principal Maturity Date October 1 Payable at Associate Trust Company CURRENT AND LONG-TERM PRINCIPAL AND INTEREST REQUIREMENTS Fiscal Year Principal Interest Totals 2026 $ — 91,979 91,979 2027 2,770,000 119,110 2,889,110 2,770,000 211,089 2,981,089 VILLAGE OF BROWN DEER, WISCONSIN Long-Term Debt Requirements Taxable Anticipation Notes of 2025B December 31, 2025 114 1 Development Agreement By and Between Donut Monster, LLC. And The Village of Brown Deer THIS AGREEMENT is entered into as of this _____ day of __________________, 2026, by and between Donut Monster, LLC. a Wisconsin Limited Liability Corporation hereinafter called "Owner" and the VILLAGE OF BROWN DEER, a municipal corporation in Milwaukee County, Wisconsin. WITN ESSETH: WHEREAS, Do nut Monster, LLC . owns the property at 8725 N. Deerwood Drive located in the Northwest 1/4 of the Northwe st ¼ of Section 11, T8N, R21E Milwaukee County Wisconsin. Legal ly described as: (See Exhibit A) WHE REAS, a request has been made to the Village Board of the Village of Brown Deer, Milwaukee County, Wisconsin, by Owner for approval of a Development Agreement authorizing the establishment of a bakery and restaurant on said property at 8725 N. Deerwood Drive (hereinafter referred to as the “Property”); and Thi s proposal embodies the attributes of coordinated area site planning which is central to the Original Village Planned Development District in that it:  Insures substantial compliance with the intent of the regulations of the various business districts.  Allows diversification and variation in the relationship of uses, structures, open spaces, and heights of structures in a comprehensive and cohesive unified project.  Encourages rational economic development in proper relationship to public services. WHEREAS, the covenants contained herein are necessary to provide for the harmonious, orderly and consistent development of the neighborhood involved. NOW, THEREFORE, following review and consideration by the Plan Commission on August 10, 2026 and after review and consideration by the Village Board of the Village of Brown Deer on August 17, 2026, the Donut Monster, LLC. (parcel identification number: ___________) Planned Development Agreement is hereby appro ved in accordance with Section 121 of the Village of Brown Deer Code, the attached Exhibit A and covenanted and agreed as follows: 1. Out side storage of merchandise, equipment or inventory is strictly prohibited on this site. 2. The property shall be kept free and clear of litter and debris. 3. Sign location, size, design shall be in accord with Chapter 121 of the Village of Brown Deer Code and shall be approved by the Village of Brown Deer Building Board. 2 4. Delivery driver or delivery vehicle parking is allowed on the subject property overnight. 5. Patio furniture shall be of adequate weather resistance and weight to avoid damage or dislodgement from the property. 6. The use shall obtain all required permits and/or licenses prior to occupancy. 7. Any hazardous conditions or deficiencies identified by the Village of Brown Deer shall be corrected by the owner to the satisfaction of the Village within thirty (30) days of written notification. 8. Owner shall provide a private trash removal system requiring no service by or cost to the Village. All trash, storage and collection shall be within the building interior or within an enclosure that screens trash and removal system from public view. The trash removal system shall be rodent-proof, covered and maintained in accordance with the direction of the North Shore Health Department. Trash removal services shall not violate the Village of Brown Deer’s Noise Ordinance, where no noise which unreasonably interferes with or disrupts the peaceful use and enjoyment of surrounding properties between the hours of 11:00pm and 6:00am are allowed. 9. Any significant modifications to the site or existing building and/or expansion of the business , shall be reviewed and approved by the Plan Commission and Village Board pursuant to section 121 of the Village of Brown Deer code. 10. Changes to e xterior dusk to dawn building security lighting systems must be submitted to the Brown Deer Police Department for review and approval. These security lights must be shielded to prevent light or glare from being directed toward adjacent properties. 11. Entry keys must be provided to the North Shore Fire Department for placement in the building’s Knox Box. In addition, a n accurate key holder list should be provided and maintained with the Brown Deer Police Department for emergency contact information. 12. That as long as the property is used for the purposes that are authorized by this Agreement, all covenants, agreements, restrictions and provisions herein contained constitute covenants running with the land and shall be binding on all parties, their heirs, assigns and successors having an interest in the land affected hereby for a period of twenty -five (25) years from the date this instrument is recorded, after which time this instrument shall automatically be extended for successive periods of ten (10) years. However, upon a showing of reasonable cause, the Village Board of the Village of Brown Deer may relieve the Operator from such covenants, agreements, restrictions, or any of them, before the expiration of twenty- five (25) years or thereafter by the adoption of a resolution so doing. The covenants herein contained may be enforced by proceedings at law or in equity by the Village against any person or persons violating or attempting to violate the same. 13. The invalidity of any of the covenants herein contained declared by any judgment or court order shall in no way affect any of the other 3 provisions herein contained which shall remain in full force and effect. 14. Exhibit A, attached, is the legal description of the property. 4 IN WITNESS WHEREOF, the parties hereunto set their respective hands and seals on the date first written above. Donut Monster, LLC. By: _______________________________ , [Member] STATE OF WISCONSIN ) ) ss MILWAUKEE COUNTY ) Personally came before me this _ ____ day of ______________, 2026, the above -named SARA WOODS to me known to be a Member of Donut Monster, LLC . and to me known to be the person(s) who executed the foregoing instrument and acknowledged the same. __________________________________ *_________________________________, Notary Public, ______________ County, Wisconsin My commission expires: ___________________ * Print Name of Notary Public 5 VILLAGE OF BROWN DEER: ____________________________ Wanda Montgomery, Village President _______________________________ Tyler Burkart, Village Manager STATE OF WISCONSIN ) ) ss MILWAUKEE COUNTY ) Personally came before me this _____ day of ______________, 2026, the above-named WANDA MONTGOMERY, Village President and TYLER BURKART, Village Manager to me known to be the persons who executed the foregoing instrument and acknowledge the same. _____________________________________ *____________________________________, Notary Public, Milwaukee County, Wisconsin My commission expires: _________________ * Print Name of Notary Public This instrument was drafted by Nathaniel Piotrowski, Community Development Director. Return to: Nathaniel Piotrowski Village of Brown Deer 4800 W. Green Brook Dr. Brown Deer, WI 53223 6 Exhibit A Legal Description Lot 1 of Certified Survey Map 9764 being all of Lot 1 of Certified Survey Map 9356, being a part of the Northwest ¼ of the Northwest ¼ of Section 12, Township 8 North, Range 21 East, in the Village of Brown Deer, Milwaukee County, Wisconsin. STATE OF WISCONSIN MILWAUKEE COUNTY VILLAGE OF BROWN DEER In the Matter of Rezoning land at 8725 N. Deerwood Drive from P – Park to OVPD - Original Village Planned Development Or dinance No. 26-09 THE V ILLAGE BOARD OF THE VILLAGE OF BROWN DEER DOES HEREBY ORDAIN AS FOLLOWS: SEC TION I. AMENDMENT. Th e Village Code of the Village of Brown Deer, and in particular, the Zoning District Map thereunto appe rtaining, adopted by Section 121-7 , is hereby amended to depict the following described parcel of real estate as being in the OVPD – Original Village Planned Development district: 8725 N. Deerwood Drive Lo t 1 of Certified Survey Map No. ______, recorded in the office of the Register of Deeds for Milwaukee County, Wisconsin as Document No. _______________, said certified survey map being all of Lot 1 of Certified Survey Map 9356, being a part of the Northwest ¼ of the Northwest ¼ of Section 12, Town 8 North, Range 21 East, in the Village of Brown Deer, County of Milwaukee, State of Wisconsin. PI N: 028-0020-003 A m ap detailing the property affected by the ordinance may be obtained at the Brown Deer Village Hall, 4800 W. Green Brook Drive, Brown Deer Wisconsin during normal business hours. SEC TION II. EFFECTIVE DATE. Thi s Ordinance shall be in full force and effective after its passage and publication according to law. PAS SED AND ADOPTED by the Village Board of the Village of Brown Deer this _____ day of _____________, 2026. _______ _____________________________ Wanda Montgomery, Village President _______ _____________________________ Caren Brustmann, Village Clerk \\bdg-p-fs-01\groups\Committees\VB\Packets\2026\08.17.2026\Aug10_26PC_RPT.doc REQUEST FOR CONSIDERATION COMMITTEE: Village Board ITEM DESCRIPTION: August 10, 2026 Plan Commission Agenda Items PREPARED BY: Nate Piotrowski, Community Development Director REPORT DATE: August 17, 2026 RECOMMENDATION: See Item Below EXPLANATION: There are three items from the Plan Commission that require action. Included with this memo are the meeting minute s, the respective development agreements, plan documents, and rezoning ordinance. Plan C ommission Agenda items requiring action: A) Revi ew and recommendation of a Development Agreement with Donut Monster LLC for a restaurant and bakery at 8725 N. Deerwood Drive Recommendation: Recommend approval of the development agreement Requested Action: A motion to approve the development agreement B) Pub lic Hearing, review and recommendation of a rezoning of a parcel of land at 8725 N. Deerwood Drive from P-Park to OVPD – Original Village Planned Development Recommendation: Recommend approval of the ordinance Requested Action: A motion to approve the ordinance C) Review and recommendation of a Development Agreement with Institute of Technology and Academics for a school at 8900 N. Arbon Drive Re commendation: Recommend denial of the development agreement Requested Action: A motion to deny the development agreement BROWN DEER PLAN COMMISSION AUGUST 10, 2026 MEETING MINUTES HELD IN PERSON AT BROWN DEER VILLAGE HALL & VIRTUALLY AT 1-312-626-6799 Meeting ID: 878 6395 9954 https://us02web.zoom.us/j/87863959954 Th e meeting was called to order at 6:30 P.M. I. ROLL CALL Pre sent: President Wanda Montgomery; Trustees: Darryl Johnson; Commissioners: Dan Kass, Jalin Phelps, Bill Hoffmann, Jesse Greenlee Als o Present: Tyler Burkart, Village M anager; Nate Piotrowski, Community Development Director ; Nathan Bayer, Village Attorney Ex cused: Trustee: Priscilla Hightower-Thompson; Commissioners: Kim Lechner, Jennifer Boehm II. PERS ONS DESIRING TO BE HEARD No ne III. CO NSIDERATION OF MINUTES: June 8, 2026 – Regular Meeting It wa s moved by Commissioner Hoffmann and seconded by Commissioner Kass to approve the meeting minutes of June 8, 2026. The motion carried unanimously. IV. REP ORT OF STAFF/COMMISSION MEMBERS Mr. Piotrowski provided statu s updates on various construction projects including Target, Starbucks, and 7Brew Coffee. He also noted that he recently resigned from the position of Brown Deer Development Director to take a new role as the Development Director for the City of Wauwatosa. V. UNFI NISHED BUSINESS No ne VI. NEW BUSINESS A) Re view and recommendation of a Development Agreement with Donut Monster LLC for a restaurant and bakery at 8725 N. Deerwood Drive Mr . Piotrowski reviewed the proposal and introduced the applicant Sara Woods, of Donut Monster. Mr. Piotrowski noted the reason for the new development agreement and subsequent rezoning and stated that Donut Monster was buying the property from the Village. Co mmissioner Phelps asked about the amount of traffic and noise during the early morning baking hours. Ms. Woods noted that most activity would be internal to the building with only one delivery person entering and exiting. Tr ustee Johnson asked for some information about the proposed pizza restaurant. Ms. Woods described the Brute Pizza concept and indicated that this was a way for the property to be activated throughout the day and not just morning hours as the pizza offering would include lunch and dinner service. It wa s moved by Commissioner Greenlee and seconded by Commissioner Hoffmann to recommend approval of the development agreement to the Village Board. The motion carried unanimously. Plan Commission ___________ ___ A ugust 10, 2026 Page 2 B) Public Hearing, review and recommendation of a rezoning of a parcel of land at 8725 N. Deerwood Drive from P-Park to OVPD – Original Village Planned Development P resident Montgomery opened the public hearing at 6:44 P.M. M r. Piotrowski provided information as to why the rezoning was required. There were no additional public comments. P resident Montgomery closed the public hearing at 6:45 P.M. It w as moved by Commissioner Kass and seconded by Commissioner Hoffmann to recommend approval of the rezoning to the Village Board. The motion carried unanimously. C) R eview and recommendation of a Development Agreement with Institute of Technology and Academics for a school at 8900 N. Arbon Drive M r. Piotrowski reviewed the proposal, the site plan changes and how the land use was not identified in the Village comprehensive plan. He also introduced the applicant Kulbir Singh of the Institute of Technology and Academics. P resident Montgomery provided further background on pre-application discussions held with the applicant where concerns over the possible school were discussed. M r. Singh elaborated on the proposal and indicated the intent was to consolidate operations at the Arbon Drive location for greater efficiency and enrollment growth. He noted that up to 5 million dollars were proposed for improvements to the building. Mr. Singh also discussed how the Institute could only serve students from the City of Milwaukee as part of the parental choice program. P resident Montgomery asked if the school had always operated at their current Milwaukee location near 85 th and Brown Deer Road. Mr. Singh replied in the affirmative. President Montgomery asked where students went after finishing 8 th grade at the Institute. Mr. Singh replied that currently they try to assist with placement in other area high schools but they would like to offer their own high school program. C ommissioner Kass asked about the existing school the Institute operates in the Village on Bradley Road and if the Village would pursue enforcement action for the lack of zoning conformity. Mr. Piotrowski replied that since the Village issued occupancy to the Institute many years ago, and there has been no identified issues, it was determined by counsel to not pursue the conflicting zoning issue. C ommissioner Phelps asked about the enrollment goals for the new location. Mr. Singh replied that the target was 500 students. T rustee Johnson asked about busing and traffic circulation at the site. Mr. Singh detailed plans to use Neitzel Way for all vehicular access. Mr. Johnson stated that he was concerned this could conflict with users of the recycling center and Arbon Drive. Mr. Singh stated that he did not foresee much conflict as the school would have only a short peak traffic period in the morning and midafternoon. T rustee Greenlee asked if the Institute would recruit students that would otherwise attend the Brown Deer School District. Mr. Singh replied that they would only recruit from the City of Milwaukee because the Institute would only be able to receive payment for City students due to the choice program. President Montgomery stated that in her experience the parental choice program can change regulations at any time. C ommissioner Greenlee asked if the Institute has ever collaborated with the Brown Deer School District or discussed the new proposal with them. Mr. Singh stated that they had not discussed either issue with the Brown Deer School District. Plan Commission ___________ ___ A ugust 10, 2026 Page 3 Commissioner Kass asked if staff were aware of other development or occupancy interest in the property. Mr. Piotrowski discussed the limited history of interest in the property . He added that future redevelopment potential may hinge on plans for a large recreation center at the former Bank Mutual property. A discussion ensued as how much or little the property was being marketed for sale or lease . P resident Montgomery stated that she was concerned with the school locating adjacent to Otto’s liquor store and the Village Public Works yard. She asked if the Institute was purchasing the building outright and if the site was within a Tax Incremental Financing (TIF) District. Mr. Singh replied that they were purchasing the building. Mr. Piotrowski replied that the site was in TIF District #5 and indicated that added value was positive for the district. He noted that it was important for the property to remain taxable, hence the prohibition on tax exempt status in the development agreement. C ommissioner Phelps asked if there w ere any public comment s or feedback regarding the proposal since the application was received. Mr. Piotrowski replied that staff did not receive any public feedback either for or against. T rustee Johnson stated that he was concerned about the school operating in Brown Deer and utilizing Village resources and property while benefitting only individuals from outside of the community. Mr. Singh replied that the school had the opportunity to provide employment to Village residents and give back to the community in other ways. It w as moved by Commissioner Kass to recommend approval of the development agreement to the Village Board. There was no second and the motion failed. It w as moved by Commissioner Greenlee and seconded by Commissioner Hoffmann to recommend denial of the development agreement to the Village Board. The motion carried unanimously. A ttorney Dino Antonopoulus, representing the Institute of Technology and Academics, asked for clarification from Village Attorney Bayer as to the basis for the denial. Mr. Bayer stated the discussion and questions surrounding safety, traffic, adjacency/compatibility of land uses and the comprehensive plan supported the rationale for denial. V II. ADJOURNMENT It w as moved by President Montgomery to adjourn at 7:29 P.M. _ ____________________________ Nate Piotrowski, Community Development Director UP UP MAIN ENTRY 4K 4K 5K 5K 1 1 STEM/TECH ED ST. FLEX CAF./GYM KIT. 22REC. OFFICES FRONT OFFICE CONF. SICK TLT. TLT. J. VAULT BG BG ST. T T T T T N E S W Abacus Architects, Inc. holds all rights of copyright in and to these prints, drawings and documents. No reproduction, copying, alteration, modification, usage, incorporation into other documents, or assignment of the same may occur without the prior written permission of Abacus Architects, Inc. © 2026 Abacus Architects, Inc. PROPOSED NEW ADDITIONS AND REMODELING FOR: I.T.A SCHOOL PROJ. NO. 2022-75 07/17/2026 8900 N ARBON DRIVE, MILWAUKEE, WI 53223 SCALE: 1" = 30'-0" FIRST FLOOR DN DN OPEN TO BELOW SCI. PREP STAFF T. SCI/8 8 7 7 6 6 FLEX ART ST. MUSIC ST. ST. 3 3 4 4 5 5 SP. ED. B G B G JAN. N E S W Abacus Architects, Inc. holds all rights of copyright in and to these prints, drawings and documents. No reproduction, copying, alteration, modification, usage, incorporation into other documents, or assignment of the same may occur without the prior written permission of Abacus Architects, Inc. © 2026 Abacus Architects, Inc. PROPOSED NEW ADDITIONS AND REMODELING FOR: I.T.A SCHOOL PROJ. NO. 2022-75 07/17/2026 8900 N ARBON DRIVE, MILWAUKEE, WI 53223 SCALE: 1" = 30'-0" SECOND FLOOR Play Area 9 BUSES 23 PARKING SPACES 65 PARKING SPACES 124 car parking spaces RECIEVING MAIN ENTRY BUS ENTRY EXISTING BUILDING 11 bus parking spaces N Arbon Dr. Neitzal Way 2 BUSES 30 PARKING SPACES PARENT PICK UP DROP OFF DROP OFF LANE PASSING LANE BUS PICK-UP/DROP-OFF EXISTING BUILDING NEW ADDITION EXISTING TREE GRASS KEY NEW MAIN ENTRANCE/STREET ADDRESS N E S W SCALE: 1" = 50'-0" SITE PLAN Abacus Architects, Inc. holds all rights of copyright in and to these prints, drawings and documents. No reproduction, copying, alteration, modification, usage, incorporation into other documents, or assignment of the same may occur without the prior written permission of Abacus Architects, Inc. © 2026 Abacus Architects, Inc. PROPOSED NEW ADDITIONS AND REMODELING FOR: I.T.A SCHOOL PROJ. NO. 2022-75 07/17/2026 8900 N ARBON DRIVE, MILWAUKEE, WI 53223 INSTITUTE OF TECHNOLOGY AND ACADEMICS, INC. (Est. 2006) PLAN OF OPERATION PROPOSED BROWN DEER CAMPUS 8900 N ARBON DRIVE | BROWN DEER, WISCONSIN Adaptive Reuse | Community Investment | Educational Opportunity Submitted in support of the proposed use and operation approval. Prepared for Village of Brown Deer Plan Commission and Village Board of Trustees Prepared July 20, 2026 INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 2 of 11 To the Members of the Plan Commission and Village Board of Trustees: The Institute of Technology and Academics, Inc. (ITA) respectfully requests approval to occupy and renovate the property at 8900 N Arbon Drive, Brown Deer, Wisconsin, which the applicant understands has remained vacant for more than three years. ITA understands and respects the Village's commitment to the School District of Brown Deer. This application does not ask the Village to choose one educational institution over another. It asks whether an established local operator may place a long-vacant property into safe, productive, tax-paying use and maintain traffic, parking, safety, hours, occupancy and property maintenance. ITA is not new to Brown Deer. For approximately five years, ITA has operated a location in the Village serving students in K4 through grade 2. That history is an important part of this request: the proposed campus is an expansion of an existing local relationship, not the arrival of an unknown operator. The proposed project will replace prolonged vacancy with substantial renovation, daily supervision, jobs, local purchasing, permit activity, improved building systems and continued tax obligations. ITA is not requesting operating funds from the Village or use of School District facilities. Public schools will remain essential to Brown Deer, and ITA seeks coexistence and constructive partnership - not displacement. ITA welcomes reasonable approval conditions that are tied to the actual land-use impacts of the proposal. The commitments in this Plan of Operation include on-site traffic management, no public-street stacking, controlled access, emergency coordination, code-compliant renovations, screened waste handling, property maintenance, and being a positive and responsible operator. The preliminary site concept further demonstrates the property's capacity by identifying an on-site parent drop-off route, separate bus circulation, 124 car parking spaces, 11 bus parking spaces, designated visitor/accessible parking, play areas and service access, all subject to final professional plans and Village approval. Respectfully submitted, Institute of Technology and Academics, Inc. School Leadership INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 3 of 11 Executive Summary Why this proposal is in Brown Deer's interest • Proven local presence: ITA has already operated a Brown Deer K4-2 location for approximately five years. • Adaptive reuse: the project will reactivate a property that has been vacant for more than three years and reduce the risks associated with prolonged vacancy. • Private investment: ITA will fund code compliance, life-safety upgrades, building systems, classroom build-out, technology infrastructure and exterior/site improvements. • Tax and fee contribution: the proposed transaction is intended to keep the property tax -paying; this application does not request a property-tax exemption. • Employment and local spending: prior expansion planning contemplated up to 30+ additional full-time and 6+ part- time positions over three years, phased with enrollment and budget, plus renovation and vendor spending. • Manageable site profile: the preliminary concept plan identifies 124 car parking spaces, 11 bus parking spaces, an on-site parent drop-off route, designated staff/visitor areas, separate bus circulation, play areas and service access, subject to final professional review and Village approval. • Logical consolidation of nearby campuses: ITA currently operates a K4 -2 campus in Brown Deer and a grades 3-8 campus in the City of Milwaukee approximately two miles from 8900 N Arbon Drive. The proposed property will consolidate these nearby operations into one appropriately sized K4-8 campus, improving safety, transportation, supervision, staffing efficiency and family access. • Complementary educational role: approval is not an endorsement of one school over another. ITA will serve families through its distinct model that service children of the City of Milwaukee while respecting the essential role of the School District of Brown Deer. Proposal at a glance Applicant Institute of Technology and Academics, Inc. Business / institutional use Private not-for-profit elementary and middle school supporting ITA's K4-8 educational program Proposed property 8900 N Arbon Drive, Brown Deer, Wisconsin Existing Brown Deer presence Approximately five years; existing Village location serves K4 through grade 2 Property vacancy More than three years, based on applicant information Requested approvals Educational use Regular hours Monday-Friday, 7:00 a.m.-4:30 p.m. Limited Saturday use Occasional games, family activities or school events, generally 8:00 a.m.-2:00 p.m. Sunday use Closed, except emergency access or separately approved activity Opening target Fall 2027 INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 4 of 11 Document Guide Section Contents 1 Applicant Profile and Brown Deer Operating History 2 Educational and Business Model 3 Public Interest, Fiscal Impact and Adaptive Reuse 4 Detailed Operating Plan 5 Traffic, Parking and Circulation Management 6 Safety, Security and Emergency Preparedness 7 Property Stewardship and Neighborhood Compatibility 8 Complementary Role in Brown Deer's Educational Ecosystem Exhibit A Preliminary Conceptual Site and Floor Plan - 8900 N Arbon Drive Project and Business Information Legal applicant Institute of Technology and Academics, Inc. Entity type Private not-for-profit educational organization Applicant representative KULBIR SINGH, Founder and President Property owner / authorized agent Robert Chandler, Synergy Development Group, LLC Proposed property address 8900 N Arbon Drive, Brown Deer, Wisconsin Existing Brown Deer K4-2 campus address 5051 W Brown Deer Rd Plans Proposed Site and Floor plan attached Lease / ownership interest Institute of Technology and Academics Current campus configuration Brown Deer campus serving K4-2 and Milwaukee campus serving grades 3-8, located approximately two miles from the proposed property. Purpose of proposed campus Consolidation of existing K4-8 operations into one appropriately sized and more efficient facility. Renovation investment 3-5 MIL Tax status commitment Property is intended to remain taxpaying; all applicable taxes, assessments, permits, utilities and fees will be paid. 1. Applicant Profile and Brown Deer Operating History 1.1 Established educational organization ITA was founded in 2006 to provide exceptional 21st-century educational opportunities, particularly for families seeking a safe, caring, technology-rich and academically focused school environment. The organization began with approximately 40 students and historically grew to a sustained enrollment of approximately 345-350 INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 5 of 11 students across its campuses. This history demonstrates demand, operating experience and the ability to manage a multi-grade educational program. ITA's mission is to educate and inspire students through technological learning opportunities supported by school, family and community partnerships. Its vision places student achievement first and calls for qualified staff, research-informed and project-based instruction, safe facilities, family participation and accountability. The school's long-standing creed is: "Success is the Only Option." 1.2 Five-year operating history in Brown Deer Existing Brown Deer campus For approximately five years, ITA has operated a location within the Village serving K4 through grade 2. The proposed project therefore expands an established local presence rather than introducing an unknown operator. This existing presence is relevant to the Village's review for three reasons: • It provides a direct, local operating history that Village staff and officials can evaluate. • It demonstrates that ITA's educational mission and the School District of Brown Deer have already coexisted in the same community for several years. • It creates continuity for families and employees already connected to Brown Deer and supports a deeper, longer - term commitment to the Village. 1.3 Existing Campuses and Purpose of Consolidation ITA currently operates two nearby campuses serving its established K4-8 school community. Its existing Brown Deer campus, located at 5051 W Brown Deer Road, has served students in K4 through grade 2 for approximately five years. ITA's second campus is located in the City of Milwaukee, approximately two miles from the proposed property at 8900 N Arbon Drive, and currently serves students in grades 3 through 8. The proximity of both campuses to the proposed property demonstrates that this application is not an effort to enter a new geographic market. Rather, the proposed campus will consolidate an existing school community that already operates in and immediately adjacent to Brown Deer. Consolidation will create a more cohesive K4-8 educational environment and improve student supervision, staff collaboration, transportation coordination, family access, safety planning and the delivery of academic and student-support services. ITA currently has families awaiting enrollment, and much of the school's growth has resulted from word-of- mouth referrals from current and former families rather than extensive advertising or recruitment campaigns. The proposed facility will provide appropriate space to serve ITA's existing students and accommodate a reasonable number of waitlisted students that are residents of the City of Milwaukee. Following consolidation, ITA may evaluate its existing Milwaukee facility for a future high school program primarily intended to provide continuity for current ITA students after eighth grade. The high school would remain located in Milwaukee, would principally serve ITA’s established Milwaukee-based families. 1.4 Governance, staffing and organizational capacity ITA is governed by a Board of Directors and operated by school leadership and qualified instructional, administrative and support staff. The school will maintain all registrations, insurance, background-screening practices and operational approvals required by applicable law and its educational programs. ITA currently employs 38 full-time and 7 part-time staff positions and contemplates up to 30+ additional full- time and 6 part-time positions over a three-year expansion period. The final Brown Deer campus staffing plan will be phased with enrollment, grade configuration, student needs and approved occupancy. Positions may include teachers, instructional aids, school leadership, office staff, student services, food service, facilities, transportation and security/supervision personnel. INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 6 of 11 2. Educational and Business Model 2.1 Proposed use The proposed use is a private not-for-profit elementary and middle school facility supporting ITA's K4-8 program. The precise grades assigned to the proposed building may be phased, but all enrollments will remain within the grade span and occupancy. 2.2 Program characteristics • Technology-rich instruction and project-based learning that allows students to demonstrate knowledge through academic and applied work. • Strong student support, including academic intervention, social-emotional support and family engagement. • A consistent school culture centered on Curiosity, Reflection, Grit, Respect, Integrity and Compassion. • Clear classroom and common-area expectations, including ITA's SHINE learner routine: Sit tall, Hands and feet to self, Involve yourself, Never give up, and Eyes tracking. • Structured supervision, family handbooks, staff training and behavior procedures designed to maintain a safe and orderly environment. • Service to families from City of Milwaukee; the proposed campus is not dependent upon recruiting students from the School District of Brown Deer. 2.3 Family and community engagement ITA expects families to be active partners in student success. Parent conferences, family education activities, student performances, leadership activities and other school events will occur within the approved hours and parking plan. Larger or atypical events will be separately planned and, if required, submitted for additional approval. 2.4 Academic Performance and Accountability Context 2023-24 Accountability Result 2024-25 Accountability Context Overall score: 81.6 Accountability rating: Exceeds Expectations Star rating: Four stars Growth score: 95.4 Target Group Outcomes: 77.8 ITA rating: Meets Expectations (three stars), based on the school’s 2024-25 accountability report information. Statewide benchmark update: Wisconsin DPI updated the performance benchmarks used to assign accountability ratings beginning with the 2024-25 report cards. Comparison limitation: DPI stated that 2024-25 overall accountability scores cannot be directly compared with prior years and that the reports establish a new baseline. ITA has a demonstrated record of academic accountability. In 2023–24, the school earned an overall Wisconsin DPI accountability score of 81.6 and a four-star Exceeds Expectations rating, including a 95.4 Student Growth score, while serving a student population reported as 99.5% economically disadvantaged. In 2024–25, ITA received a three-star Meets Expectations rating under revised statewide accountability benchmarks and score ranges. Because these standards changed, the difference in star categories should not be interpreted by itself as a direct measure of year-to-year academic decline. Viewed together, the results demonstrate strong historic student growth and continued satisfactory performance under Wisconsin’s current accountability system. ITA has also received independent recognition for its established enrollment and service to a predominantly underserved student population. Private School Review identifies ITA among the top 20% of Wisconsin private schools for student-body size and percentage of students of color. School Choice Wisconsin has separately profiled the school’s positive influence on students facing significant personal and economic challenges, highlighting ITA’s stable environment, character development, committed educators and long-term investment in student success. INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 7 of 11 3. Public Interest, Fiscal Impact and Adaptive Reuse Reuse of a long-vacant property and Community-development value The project is more than a change of occupant. It is an adaptive-reuse investment that can convert an underperforming asset into a stable institutional employer and family-serving destination. Employees and families will purchase fuel, meals, supplies and services in the area; the school will participate in Village life; and visibly maintained property will replace an extended vacancy. 4. Detailed Operating Plan Activity Days Hours Description Regular school operations Monday-Friday 7:00 a.m.-4:30 p.m. Instruction, staff preparation, student arrival/dismissal, after-school support and normal administration. Saturday activity Occasional Generally, 8:00 a.m.-2:00 p.m. Games, family activities, staff development or special school programming within parking capacity. Sunday Closed N/A No routine operations. Emergency access and separately approved activity only. Evening activity Limited / not routine Within approval conditions Any larger or later event will be planned for parking, supervision and noise; Summer / break periods As scheduled Within approved weekday hours Limited academic support, staff development, enrollment and building preparation. 4.1 Staffing and supervision The school will maintain staff levels appropriate to enrollment, grade level, student support needs, building layout and arrival/dismissal operations. Students will be supervised during school hours, transitions, outdoor activity, transportation loading and events. Staff responsibilities will include designated arrival/dismissal posts. 4.2 Deliveries and service activity • Routine deliveries will be scheduled outside peak arrival and dismissal periods whenever practical. • Delivery and service vehicles will use the designated truck receiving/service access area shown east of the existing building, or another location approved on the final site plan. • Snow removal, landscape care, pest control, building maintenance and janitorial services will be privately arranged. • No manufacturing, warehousing, heavy truck activity is proposed. 4.3 Noise, odors, lighting and other impacts The use will generate ordinary school activity but no industrial smoke, vibration, production odor or hazardous process. The proposed use will not be a nuisance to the community. 5. Traffic, Parking and Circulation Management The preliminary concept plan for 8900 N Arbon Drive provides a substantial on-site parking supply and separates parent drop-off, bus operations, staff/visitor parking, outdoor play and service access. The drawing labels 124 total car parking spaces and 11 bus parking spaces. Final dimensions, striping, ADA counts, fire lanes, queuing capacity, signage and control devices will be confirmed at the final plan approval. INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 8 of 11 Staff vehicles at peak Assigned within the 124-space on-site car parking supply; final peak staff count and space assignment to be confirmed. School buses / vans at peak 11 designated bus parking spaces are shown on the preliminary concept plan; the actual daily fleet and schedule will be confirmed before opening. On-site queuing capacity A dedicated on-site parent drop-off loop is shown; Total parking spaces 124 total car parking spaces shown on the preliminary concept plan. Estimated parent vehicles during arrival/dismissal Accessible/visitor parking is shown adjacent to the main entry; the final code-required count, dimensions, signage and route will be verified. 5.1 Site layout and traffic-management The attached conceptual Site plan drawing establishes the following preliminary operating layout. • Routine family loading and unloading will occur in the on-site parent drop-off route west of the building; bus loading and unloading will occur in the separate designated bus area shown on the site plan. • Family vehicles, buses/vans, staff vehicles and service traffic will follow the separate routes shown and will not block public travel lanes, neighboring drives, fire lanes, crosswalks, sidewalks or student pedestrian routes. • No routine stacking or standing on residential streets will be permitted. Families will receive written traffic instructions and reminders. • Trained staff will direct vehicles during arrival and dismissal until traffic patterns are stable and whenever conditions require. • Arrival, dismissal or grade-group schedules may be staggered if necessary to remain within the site's queueing and parking capacity. • Staff parking will be assigned within designated on-site areas; visitors and people using accessible spaces will park near the main entry; ADA access, fire lanes and supervised pedestrian routes to the building and play areas will remain clear. • Deliveries and waste service will be scheduled outside peak periods when practical. • ITA will monitor the first weeks of operation and promptly adjust staffing, timing, lane assignments or family procedures if needed. 5.2 Special events Events expected to attract attendance beyond ordinary school-day levels will be scheduled with advance parking and supervision planning. ITA will use on-site capacity first, coordinate lawful overflow arrangements only with written permission, and seek any special-event approval required by the Village. 6. Safety, Security and Emergency Preparedness Student and community safety will be integrated into building design, staffing, training and daily procedures. The final safety plan will be coordinated with the building layout and applicable legal requirements. Safety element Operational approach Controlled access A designated public entrance, secure vestibule where feasible, staff-controlled access and visitor check-in. Visitor management Identification, sign-in, authorization and visitor badges or equivalent procedures. Video and access systems Cameras and access controls focused on entrance, circulation and common areas, used consistently with law and school policy. Staff screening and training Background checks and training appropriate to role, including supervision and emergency procedures. INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 9 of 11 Safety element Operational approach Emergency operations Written plans for fire, severe weather, medical events, evacuation, lockdown, reunification and communications. Police / fire coordination Pre-opening walk-throughs or plan coordination as requested; prompt reporting and cooperation during incidents. Student supervision Assigned adult supervision during arrival, dismissal, transitions, meals, outdoor periods and events, including supervised access to the play areas east of the building and separation from active vehicle routes. 6.1 Student conduct and neighborhood expectations ITA's student culture emphasizes respect, responsibility and accountability. Students will not be permitted to loiter on neighboring property or unsupervised public areas during the school day. Dismissal and transportation procedures will move students promptly to approved destinations. The school will investigate and address substantiated off-site conduct concerns involving students when they are connected to school operations. 7. Property Stewardship and Neighborhood Compatibility ITA recognizes that approval carries an ongoing obligation to maintain the site as a positive community asset. The following commitments apply throughout occupancy: • Maintain the building exterior, parking areas, sidewalks, landscaping, drainage facilities, signs and lighting in good condition. • Remove snow and ice in a timely manner and keep fire lanes, accessible routes and hydrants unobstructed. • Keep waste and recycling in approved, screened containers; prevent overflow and litter; schedule collection appropriately. • Use shielded, energy-efficient lighting and avoid unnecessary illumination after operations conclude if required and needed. • Obtain separate sign permits and use signage consistent with approved size, location, materials and illumination. • Prohibit outdoor storage except approved school equipment maintained in designated areas. • Maintain pest-control, building-cleanliness and preventive-maintenance programs. 8. Complementary Role in Brown Deer's Educational Ecosystem ITA recognizes that Village officials and residents value the School District of Brown Deer and may be concerned that approval of another school could be viewed as competition. ITA respectfully offers a different framing: this is a land-use and community-investment proposal by an organization that has already operated in Brown Deer for approximately five years. The proposed campus primarily consolidates two existing nearby ITA operations and is not based on establishing a new enrollment market in Brown Deer. 8.1 Principles of coexistence Principle Application to this request The strongest evidence is existing coexistence. ITA has served K4-2 students in Brown Deer for about five years while the public school district has continued its work. The proposal deepens an established presence rather than creating a new condition. ITA serves the city of Milwaukee families. ITA historically serves families from the City of Milwaukee. The project is driven by the need for suitable facilities and continuity for ITA families, not by an exclusive effort to draw students from Brown Deer district. INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 10 of 11 Principle Application to this request Different schools can serve different needs. Families consider school size, educational model, support services, technology, culture, location and other factors. It seeks permission to responsibly use private property, invest private resources, employ people and serve families through an established mission. A strong public district and a responsible private school can coexist in the same Village. Community benefits. Renovation, taxes, jobs, local spending and activation of a long-vacant property benefit. 8.2 Potential partnership opportunities Subject to mutual interest and separate agreement, ITA is open to cooperate with the Village, School District, library, parks and recreation, public-safety agencies, businesses and community organizations in areas such as: Technology, literacy, family-resource or student showcase events open to the community. • Business mentoring, career awareness and local employer engagement. • Coordination with library and recreation programming to avoid duplication and expand access. • An annual liaison conversation with Village and, if interested, School District representatives to identify practical collaboration and resolve concerns. Closing Statement ITA respectfully requests approval of the proposed campus at 8900 N Arbon Drive as a compatible adaptive reuse, meaningful private investment and a long-term community opportunity. The project will replace vacancy with accountability, renovation, employment and educational service. The preliminary site concept demonstrates substantial on-site parking and separated circulation for families, buses, staff, visitors and service vehicles. ITA has been for past five years and will be for future a responsible Brown Deer business operator. INSTITUTE OF TECHNOLOGY AND ACADEMICS | BROWN DEER PLAN OF OPERATION Prepared July 2026 | Village of Brown Deer | Page 11 of 11 Exhibit A – Preliminary Conceptual Site and Floor Plan 1 Development Agreement By and Between Institute of Technology and Academics And The Village of Brown Deer TH IS AGREEMENT is entered into as of this _____ day of __________________, 2016, by and between Institute of Technology and Academics hereinafter called "Owner" and the VILLAGE OF BROWN DEER, a municipal corporation in Milwaukee County, Wisconsin. W ITNESSETH: W HEREAS, Institute of Technology and Academics owns the property at 8900 N. Arbon Drive located in the Southwest ½ of the Southeast ¼ of Section 02, T8N, R21E, Brown Deer, Milwaukee County, Wisconsin. L egally described as: (See Exhibit A) W HEREAS, a request has been made to the Village Board of the Village of Brown Deer, Milwaukee County, Wisconsin, by Owner for approval of a Development Agreement authorizing the establishment of a school on said property at 8900 N. Arbon Drive (hereinafter referred to as the “Property”); and W HEREAS, on March 8, 1988, BLAKE FINANCIAL HOLDINGS and BROWN DEER entered into a Development Agreement for an office building on a certain property identified as 8900 N. Arbon Drive, said Agreement being recorded in the office of the Register of Deeds, Milwaukee County, Wisconsin on August 25, 1988, as Document #06203472; and W HEREAS, on June 11, 1990, RITE HITE CORPORATION and BROWN DEER entered into a entered into a Development Agreement for a travel bureau and ticket office on a certain property identified as 8900 N. Arbon Drive, said Agreement being recorded in the office of the Register of Deeds, Milwaukee County, Wisconsin on October 2, 1991 , as Document #06528083; and W HEREAS, the March 8, 1988, Agreement, and the June 11, 1990, Agreement shall be released and replaced by this Agreement; and W HEREAS, the covenants contained herein are necessary to provide for the harmonious, orderly and consistent development of the neighborhood involved. NO W, THEREFORE, following review and consideration by the Plan Commission on August 10, 2026, and after review and consideration by the Village Board of the Village of Brown Deer on August 17, 20 26, the Institute of Technology and Academics Planned Development Agreement is hereby approved in accordance with Section 121 of the Village of Brown Deer Code, the attached Exhibit A and B and covenanted and agreed as follows: 1. O utside storage of merchandise, equipment or inventory is strictly prohibited on this site. 2. The property shall be kept free and clear of litter and debris. 2 3. Sign location, size, design shall be in accord with Chapter 121 of the Village of Brown Deer Code and shall be approved by the Village of Brown Deer Building Board. 4. Off street parking and loading shall conform to the requirements of the Village of Brown Deer Code. All drives and parking areas shall be paved by the Owner at its expense with asphaltic concrete and maintained free of holes, substantial alligator cracks or other deficiencies. Parking on landscaped areas is prohibited. 5. Parking and/or storing of any vehicles, other than those needed for the approved use, is strictly prohibited on the site. 6. The use shall obtain all required permits and/or licenses prior to occupancy. 7. Any hazardous conditions or deficiencies identified by the Village of Brown Deer shall be corrected by the owner to the satisfaction of the Village within thirty (30) days of written notification. 8. Owner shall provide a private trash removal system requiring no service by or cost to the Village. All trash, storage and collection shall be within the building interior or within an enclosure that screens trash and removal system from public view. The trash removal system shall be rodent-proof, covered and maintained in accordance with the direction of the North Shore Health Departmen t. Trash removal s ervices shall not violate the Village of Brown Deer’s Noise Ordinance, where no noise which unreasonably interferes with or disrupts the peaceful use and enjoyment of surrounding properties between the hours of 11:00pm and 6:00am are allowed. 9. Any significant modifications to the site or existing building and/or expansion of the business, shall be reviewed and approved by the Plan Commission and Village Board pursuant to Section 121 of the Village of Brown Deer code. 10. Illumination of off-street parking and loading areas shall be arranged to shield the adjacent properties and streets from d irect rays of light and glare. All lighting, except security lighting shall be extinguished no later than thirty (30) minutes after the close of business, except as may otherwise be authorized by the Village Board. 11. The owner shall meet with the Brown Deer Police Department pursuant to Wis. Stat. 118.07 for school safety planning 12. Entry keys must be provided to the North Shore Fire Department for placement in the building’s Knox Box. In addition, an accurate key holder list should be provided and maintained with the Brown Deer Police Department for emergency contact information. 13. That as long as the property is used for the purposes that are authorized by this Agreement, all covenants, agreements, restrictions and provisions herein contained constitute covenants running with the land and shall be binding on all parties, their hei rs, assigns and successors having an interest in the land affected hereby for a period of twenty -five (25) years from the date this instrument is recorded, after which time this instrument shall automatically be extended for successive periods of ten 3 (10) years. However, upon a showing of reasonable cause, the Village Board of the Village of Brown Deer may relieve the Operator from such covenants, agreements, restrictions, or any of them, before the expiration of twenty-five (25) years or thereafter by the adoption of a resolution so doing. The covenants herein contained may be enforced by proceedings at law or in equity by the Village against any person or persons violating or attempting to violate the same. 13. The invalidity of any of the covenants herein contained declared by any judgment or court order shall in no way affect any of the other provisions herein contained which shall remain in full force and effect. 14. Developer agrees that the Property in whole or in part, shall not be used for any purpose which would render the Property, or any part thereof, exempt from real property taxes. This restriction shall govern the Property in perpetuity. 15. Exhibit A, attached, is the legal description of the property. 16. Exhibit B, is the civil site plan for the property and shall be reviewed and approved by Village staff prior to construction. 4 IN WITNESS WHEREOF, the parties hereunto set their respective hands and seals on the date first written above. In stitute of Technology and Academics B y: _______________________________ , [Member] STA TE OF WISCONSIN ) ) ss MILWAUKEE COUNTY ) P ersonally came before me this _ ____ day of ______________, 2026, the above- named _____________________to me known to be a Member of Institute of Technology and Academics and to me known to be the person(s) who executed the foregoing instrument and acknowledged the same. _________ _________________________ *_________________________________, Notary Public, ______________ County, Wisconsin My commission expires: ___________________ * P rint Name of Notary Public 5 VILLAGE OF BROWN DEER: _________ ___________________ Wanda Montgomery, Village President _________ ______________________ Tyler Burkart, Village Manager STA TE OF WISCONSIN ) ) ss MILWAUKEE COUNTY ) P ersonally came before me this _____ day of ______________, 2026, the above-named WANDA MONTGOMERY, Village President and TYLER BURKART, Village Manager to me known to be the persons who executed the foregoing instrument and acknowledge the same. _________ ____________________________ *____________________________________, Notary Public, Milwaukee County, Wisconsin My commission expires: _________________ * P rint Name of Notary Public T his instrument was drafted by Nathaniel Piotrowski, Community Development Director. R eturn to: Nathaniel Piotrowski Village of Brown Deer 4800 W. Green Brook Dr. Brown Deer, WI 53223 6 Exhibit A Legal Description L ot 2 of CSM 9648 - 1 - \\bdg-p-f s-01\groups\Committees\VB\Packets\2026\08.17.2026\Feescheduleupdate2026_VB.doc REQUEST FOR CONSIDERATION COMMI TTEE CONSIDERATION: Village Board ITEM DESCRIPTION: Consider approval of amendment to fee schedule PREPARED BY: Nate Piotrowski, Development Director REPORT DATE: August 17, 2026 BACKGROUND: Village staff are bringing several updates to the fee schedule for consideration. The updates are as follows: • Ad ministration Fee for all permits of 20%. o This is being implemented to help the Village offset the major increase in permitting software cost from BS&A. This additional administration fee will not be split with North Shore Inspection but rather retained entirely by the Village. Similar admin fees are in place in Glendale and River Hills. The admin fee will make permit fee minimums, and the bulk of all issued permits, $90 dollars total • Addition of an option to charge $12.50 per $1,000 valuation on commercial or manufacturing building permits. o The recent 7Brew development identified a challenge of only having a price per square foot fee because the building and fee was so small , but the number of required inspections was just as much as a much larger building. This effectively made the permit fees a net loss when factoring time and expense for the inspections. The new fee option will allow the Village to cover costs in similar future instances • Zoning Compliance Letter cost increased to $100. o The letters often require multiple hours of staff time, and the new fee is more in line with staff benefit pay rates. • Update utility inspection fee rates to reflect a “pass-through” condition. o Current staffing levels require our utilities to hire outside contractors for inspection. Clearly stating that the hired contractor rates will apply is necessary Recommended Motion: A motion to approve the updated fee schedule. 2026 Fee Schedule Whenever language in this Code provides that a charge or fee shall be as established by the Village Board or otherwise ties a fee or charge to action of the Village Board, such language means that the fee or charge shall be as established by resolution of the Village Board, except that if state law or charter ordinance requires that such a fee or charge be established by ordinance, such language shall mean that the fee or charge shall be as established by ordinance. Department Description 2026 Fee Administration Dog/cat license - spayed or neutered $12.00 Administration Dog/cat license - not spayed or neutered $24.00 Administration Dog/cat late fee - spayed or neutered $6.00 Administration Dog/cat late fee - not spayed or neutered $12.00 Administration Alarm Fee calls First response is free, each subsequent follows the following scale with a cap at $2500 for additional alarms: $30/$60/$90/$120/$150/$2500 Administration Photocopying/page (B&W) $0.25 Administration Photocopying/page (color) $0.25 Administration Open record requests Photocopying $0.25 CD/DVD $0.25 Flash drive $3.50/16 GB Electronic – email, PDF, or other existing medium No Charge Note: In rare instances, specialized skills, equipment, or technology, may result in additional copy costs. The Village may impose a fee upon the requester of a copy of a record which may not exceed the actual, necessary, and direct cost of reproduction and tran scription of the record, unless a fee is otherwise specifically established or authorized to be established by law. Wis. Stat §19.35(3)(a). The Village may require prepayment of any fee imposed if the total amount exceeds $5. Administration State/village taxes late fee 1-1/2% per month after January 31 Administration Non-sufficient funds $25.00 Administration Special assessment letters - 5-day period $25.00 Administration Special assessment letters - 3-day period $35.00 Administration Property tax file request $50.00 Administration Notary services No Charge Building Inspection Minimum fee for ALL permits (unless otherwise noted) $75.00 + 20% Administration fee Building Inspection Administration Fee 20% of full permit cost Building Inspection Residence - one & two family dwelling and attached garages $0.35/sq. ft. or fraction thereof Building Inspection Residences - Apartments, three family & over, row housing, multiple family dwellings, institutional $0.35/sq. ft. or fraction thereof Building Inspection Residences - Additions, accessory buildings, garages $0.35/sq. ft. or fraction thereof Building Inspection Local businesses, office buildings or additions thereto $0.35/sq. ft. or fraction thereof or $12.50 per $1,000 valuation or fraction thereof Building Inspection Manufacturing or industrial buildings or additions thereto $0.35/sq. ft. or fraction thereof or $12.50 per $1,000 valuation or fraction thereof Building Inspection Permit to start construction of footings & foundations $190.00 one- & two-family dwellings Building Inspection Permit to start construction of footings & foundations $245.00 multi-family & commercial buildings Building Inspection Commercial garages, parking, & apartment garages $0.35/sq. ft. or fraction thereof Building Inspection Vacant Property Registration $250 residential, .15/sq ft. commercial to a max of $20,000 Building Inspection All other buildings, structures, alterations, repairs, where sq. footage cannot be calculated $12.50 per $1,000 valuation or fraction thereof Building Inspection Heating & incineration units, room heaters, stoves & wood burning appliances and energy recovery ventilators $75.00 per unit, up to and including 150,000 input BTU units. Additional fee of $16 each 50,000 BTU or fraction thereof $750 maximum per unit. Building Inspection Heating & A/C distribution systems (ductwork) $1.80 per 100 sq. ft. of area heated/cooled ($75.00 minimum) Building Inspection Air conditioning - other than wall units $75.00 per unit up to and including 3-ton capacity. Additional fee of $16 per ton over 3-tons. $750 max per unit Building Inspection Commercial & Industrial Exhaust Systems including but not limited to: kitchen exhaust hoods, garage exhaust systems, and paint booth exhaust systems $155.00 Building Inspection Wrecking or razing $75.00 minimum plus $0.10/sq. ft. or fraction thereof $750 max per bldg Building Inspection Moving buildings over public ways $200.00 plus $0.10/sq. ft. per bldg. Building Inspection Re-inspection $75.00 per inspection Building Inspection Special inspection & reports $150.00 per inspection Building Inspection Plan examination - one & two family residence $220.00 Building Inspection Plan examination - apartments, 3 - family & over, row housing, multi-family $270.00 plus $25.00 per unit Building Inspection Plan examination - new commercial/industrial $270.00 Building Inspection Plan examination - commercial/industrial alterations & additions $270.00 Building Inspection Plan examination - additions to one & two family residence and apartments, 3-family & over, row housing, multi-family $75.00 Building Inspection Plan examination - alterations to one & two family residence and apartments, 3- family & over, row housing, multi-family $75.00 Building Inspection Plan examination - accessory buildings greater than 200 sq. ft. $75.00 Building Inspection Plan examination - heating plans submitted separately $75.00 Building Inspection Plan examination - architectural review fee (building board) $75.00 Note: Plan examination - priority plan review: at the discretion of the building inspector and, depending upon workload of the department, two (2) day priority plan review may be provided at double the regular rate for plan review. Building Inspection Wisconsin uniform building permit seal $75.00 Building Inspection Occupancy permit - residential $75.00 per unit, addition, alteration Building Inspection Occupancy permit - commercial/industrial $190.00 Building Inspection Energy inspection - new one & two family dwellings $75.00 Building Inspection Decks & swimming pools $100.00 (includes plan review) Building Inspection Fence $100.00 (includes plan review) Building Inspection Storage shed up to 200 sq. ft. $100.00 (includes plan review) Building Inspection Storage shed 200-400 sq. ft. $0.35 per sq. ft. plus $75.00 plan review Building Inspection Signs, Banners $1.00 per sq. ft. or $75.00 min Building Inspection Solar array $12.50 per $1,000 valuation or fraction thereof Building Inspection Roofing, residing & trim – residential $75.00 Building Inspection Roofing, residing & trim – commercial $12.50 per $1,000 valuation or fraction thereof, $250 maximum per building Building Inspection Erosion control - one & two family dwellings $180.00/lot Building Inspection Erosion control - multi-family units, commercial and industrial $180.00/building plus $5/1,000 sq. ft. or distributed lot area with $2,000 max. Building Inspection Certificate of compliance inspection $150.00 Building Inspection Failure to call for required inspections $100.00/inspection, 2nd offense - double fee, subsequent offenses - triple fee Building Inspection Work not complete at time of scheduled inspection $100.00 Note: Performance Deposits will be refunded upon satisfactory completion of construction and issuance of Occupancy Certificate. Performance Deposits will be forfeited only after the permit holder/property owner has been notified via Certified Mail. Forfeitures of Performance Deposits may be contested before the Brown Deer Board of Appeals. Building Inspection Occupancy completion performance deposit - residential - new $5,000.00 Building Inspection Occupancy completion performance deposit - residential - major alterations/additions $5,000.00 Building Inspection Occupancy completion performance deposit - commercial - new $10,000.00 Building Inspection Occupancy completion performance deposit - commercial - major alterations/additions $10,000.00 Note: Double Fees: Upon failure to obtain a permit before work on a building has started, except in emergency cases, the total fee shall be double the regular charged for the first offense and triple the regular fees will be charged for subsequent offenses. Note: Gross square footage calculations are based on exterior dimensions, including garage and each finished floor level. Unfinishe d basement or portions thereof are not included. Note: All fee categories shall be rounded up to next full dollar amount. Fees cannot be refunded once the permit has been issued. I n determining costs, all construction shall be included except for H.V.A.C., electrical or plumbing permit. Building Inspection Zoning appeal & variation or special exception $350.00 Building Inspection Rezoning $550.00 Building Inspection Conditional use permit $500.00 Building Inspection Certified survey map $350.00 Building Inspection Development agreement $350.00 Building Inspection Zoning code amendment $325.00 Building Inspection Plan, Agreement or Permit Modification Request $150.00 Building Inspection Preliminary plat $550.00 Building Inspection Final plat $350.00 Building Inspection Conceptual plan review $250.00 Building Inspection Planned development project plan $700.00 Building Inspection Final site and operational plan $700.00 Building Inspection Original Village Residential Building Expansion $150.00 Building Inspection Zoning compliance letter $100.00 Note: The above fees are intended to cover the costs associated with public notification, postage, copies, document recording, and other handling/filing charges that the Village may incur during the review process. Note: Applicants agree to pay all expenses that the Village may incur by virtue of contracted plan review services including but not limited to; legal, surveying, and engineering costs and studies. Fees cannot be refunded once a public hearing has been held or a permit has been issued. Building Inspection Village maps - 34" x 44" $10.00 Building Inspection Village maps - 22" x 34" $8.00 Building Inspection Village maps - 17" x 22" $5.00 Building Inspection Village maps - 11" x 17" & 8 1/2" x 11" $2.00 Building Inspection Other maps/custom maps $46.00/hour minimum 1/2 hour Building Inspection Right of way permits $100.00/application; $100.00/excavation; includes 100 l.f. of trenching in Right of Way, plus $0.30 per l.f. greater than 100 l.f.; $75.00 hour/inspection, min 1 hr Building Inspection Stormwater Maintenance Agreement Permit $500.00 Farmer’s Market Weekly food vendor (10’ x 10’ space) $30.00 Farmer’s Market Weekly non-food vendor (10’ x 10’ space) $50.00 Farmer’s Market Weekly food truck vendor (10’x 30’ space) $50.00 Farmer’s Market 1 space (10’ x 10’ space) – Entire season $200.00 Farmer’s Market 2 spaces (10’ x 20’ space) – Entire season $300.00 Farmer’s Market 3 spaces (10’ x 30’ space) – Entire season $375.00 Farmer’s Market Returning vendor discount $50.00 Parks & Recreation Fairy Chasm Park (Youth/Adult Athletic Groups) Annual use (up to 3 dates per week) per team $400.00 + tax Clinics/special events (up to 5 dates per week) per clinic/special event $100.00 + tax Parks & Recreation Fairy Chasm Park (Use of Play Space) Hourly rate (by hour/max 5 hours) – Resident $35.00 + tax Hourly rate (by hour/max 5 hours) – Non-Resident $40.00 + tax Parks & Recreation Village Park Shelter Permit Weekday Daily Rate (Monday – Thursday) $260.00 + tax Weekend Daily Rate (Friday – Sunday) $300.00 + tax Deposit $150.00 Equipment Rental: Volleyball Net w/Ball $45.00 + tax Equipment Rental: Horseshoes $30.00 + tax Equipment Rental: Water Access w/Hose $30.00 + tax Equipment Rental: Bags Set (max 3) $20.00/set + tax Parks & Recreation Pond Admission - children 3 to 7 $4.00 - Brown Deer residents $5.00 - non-residents $7.00 - Seniors (55+) & Veterans (w/verification) $4.00 Parks & Recreation Pond Membership - resident - individual $55.00 - resident - family $105.00 - resident - family plus $115.00 - non-resident – individual $65.00 - non-resident - family $125.00 - non-resident – family plus $140.00 - senior – individual $45.00 Parks & Recreation Pond Rentals 1-25 People $250.00 26-50 People $275.00 51-75 People $300.00 76-100 People $325.00 Parks & Recreation Community Center Permit Hourly Rental (minimum 3 hours) $80.00/hr + tax Deposit $300.00 Entertainment Package (1) (AV equipment – projector, screen, and microphone) $50.00 + tax Entertainment Package (2) (Easels & backdrop stand) $30.00 + tax Late Fee $60.00 assessed to deposit Parks & Recreation Community Square Ice Rink Child Admission $5.00 Adult (Ages 13+) Admission $10.00 Senior (55+)/Veteran $5.00 Skate Rental $3.00 Skate Aid Free Police Department Bicycle license Free Police Department Service charge for taking payments of other agencies warrants - Any Amount $25.00 Police Department Animal impound fee (per animal) $35.00 Police Department Vehicles impound fee (per day) $50.00 Police Department Fingerprint card (any number of cards for one person) $25 and $10 for each additional card Public Works Small Mulch Delivery (3 yards) $55.00 per load Public Works Large Mulch Delivery (5 yards) $65.00 per load Public Works Contractor Mulch Purchase $8.00 per cubic yard Public Works Recycling Services Fee $140.00 per year Public Works Stormwater - Equivalent Run-off Unit (ERU) $14.51 per ERU per month Public Works Sanitary Sewer - Volumetric Charge $1.88 per 1,000 gallons Public Works Sanitary Sewer - Connection Charge $15.82 per quarter Public Works Driveway Approach $35.00 Public Works Culvert $40.00 plus installation cost Public Works Curb Cut $50.00 Public Works Fill Permit $10.00 for the first 500 cubic yards, plus $5.00 per each additional 1000 cubic yards and shall be submitted with application. Public Works Mailbox Replacement (winter ops, purchase) $150.00 per unit Public Works Refuse Cart Service Plan (per year, no refund) Business at the residence $200.00 CBRF $200.00 School Use $200.00 Daycare (not in home) $200.00 Medical Need (Doctor's statement) No Charge Senior Center No Charge Church (not parsonage) $174.00 Single Family Unit $174.00 Single Family Unit (5+ children) proof required No Charge Public Works Weed Cutting Cost of cut plus additional 15% admin charge Public Works Sign in ROW (ie - church location sign) $40.00 plus installation cost Public Works Recycling Center Access Card Replacement $10.00 Public Works Additional Recycling Center Access Card or Resident Non - Property Owner $80.00 Public Works Illegal Dumping at Recycling Center $100 Village Clerk Class A fermented malt beverage $100.00 Village Clerk Class A intoxicating liquor $500.00 Village Clerk Class B fermented malt beverage $100.00 Village Clerk Class B intoxicating liquor $500.00 Village Clerk Retail "Class C" (bar room) $100.00 Village Clerk Liquor License Agent Change $30.00 Village Clerk Wholesaler's fermented malt beverage (issued by Department of Revenue) $25.00 Village Clerk Alcohol Beverages - Operator's License $35.00 Village Clerk Tavern Amusement Device $200 plus a $25 per device fee Village Clerk Reserve “Class B” Intoxicating Liquor $10,000.00 Village Clerk Special events permit $100.00 per event Village Clerk Instrumental Music $50 annual Village Clerk Live Entertainment $500 annual Village Clerk Cigarette Dealers $100 Village Clerk Peddlers, Canvassers, Solicitors, Transient and Seasonal Merchants $200 with a $20 limited background check for each employee Village Clerk Class B picnic license $10.00 Village Clerk Non-profit organization No charge with a $20 limited background check for each Village Clerk Transient and Outdoor Entertainment $25.00 Village Clerk Adult Oriented Business Regulations - License $500.00 Village Clerk Adult Oriented Business Regulations - Permit $100.00 Village Clerk Fill/Excavation Permit $10.00 for the first 500 cubic yards, plus $5.00 per each additional 1000 cubic yards and shall be submitted with application. Village Clerk Vicious Dog License $250.00 Village Clerk Pet Shops & Pet Grooming Shops $20.00 Village Clerk Food Truck Permit $100.00 Village Clerk Keeping of Chickens Permit $100.00 Village Clerk Keeping of Chickens Permit – Annual Renewal $50.00 Village Clerk Operating a Kennel Permit $100.00 per first 12 dogs + $4.00 per dog thereafter Village Clerk Operating a Kennel Permit – Annual Renewal $50.00 Water/Utilities Missed Meter Exchange Appointment $20.00 *$30.00 (after hours) Water/Utilities Water Utility Inspection $billed at hourly rate of Village’s contracted provider Sewer/Utilities Sanitary Sewer Inspection $billed at hourly rate of Village’s contracted provider Storm Water/Utilities Storm Sewer or Systems Inspection $billed at hourly rate of Village’s contracted provider 1 REQUEST FOR CONSIDERATION COMMITTEE: Village Board ITEM DESCRIPTION: Village Hall Boiler Replacement PREPARED BY: Matthew S. Maederer, Director of Public Works REPORT DATE: August 17, 2026 MANAGER'S REVIEW/COMMENTS: No additional comments to this report. See additional comments attached. RECOMMENDED MOTION: “I move to approve the contract with J&H Heating to replace both boilers in Village Hall and to authorize staff to borrow funds in our next debt issuance to pay for this expense” EXPLANATION: On Monday, 08/10 DPW was called over to Village Hall due to a maintenance issue with the air conditioni ng and temperatu re of the H all. It was disc overed that Boiler No. 1 wasn’t in operation. A service call was made to J&H Heating and the technician diagnosed that the heat exchanger wasn ’t working in Boiler No. 1. The component s to repair the heat exc hanger are no longer available due to the age of the boilers and equipment (17+ years old). The cost to repair the heat exchanger with new parts would approach the replacement cost of the entire boiler. Boiler replacements at Village Hall ( Nos. 1 & 2 ) were included in the CIP and scheduled for replacement in 2028. The Village Ha ll boilers not only control the heat, but also the air conditioning in combination with the A/C chiller ( which is also sch eduled for replacement in 2030 but was recent ly repaired ). Unfortunately, because Boiler No. 1 failed this means the Hall is only running on Boiler No. 2 and if th is goes out for any needed repairs then the Hall is without air and/or heat. Boiler Nos. 1 & 2 are in the Village Hall basement and control the temperature for approximately 75% of t he Hall. Two (2) other boilers are in the PD and co ntrol that area. Those bo ilers were both replaced in 2025. FUNDING: Staff anticipate another debt issuance in the coming months due to the relocation order resolution for the properties on Green Bay Rd. north of the Riverside Landing site (which we also anticipate being paid back through a development agreement like First Citizens). If this occurs, staff recommend including this project in the debt issuance to reimburse the boiler replacement costs Attachments: 1. CIP Excerpt – Village Hall Boiler Replacement 2. J&H Heating Quote FY 2027-2031 Capital Improvement Plan Project Description D epartment: Public Works Project Name: Replace Village Hall Basement boiler system Total Project Cost: $120,000 Estimated Life of Project: 30 years Priority (1–Absolutely necessary | 2–Strong preference | 3–Nice to have but can get by without it): 1 Expenditure Detail: Year 2027 2028 2029 2030 2031 Budget $ $120,000 $ $ $ Funding Sources: Levy ☒ Debt ☐ Grant ☐ Donations ☐ Fund Balance ☐ Project Description: The boiler system is located in the basement of Village Hall and supplies heat to approx. 75% of the building. The boiler system is also tied to the A/C chiller unit which will be replaced in 2030. Project Justification: It is approaching its 30-year life span and building maintenance identified a need to replace the system. Each year there are more maintenance needs to keep the boiler operable. The boiler system was originally installed in 1994. 1220 Mineral Springs Drive Port Washington, WI 53074 Phone: (262) 284-5589 chrisw@jhheating.co INCORPORATED To: Brown Deer Admin Attn: Dan Bishop Email: dbishop@browndeerwi.org From: Chris Wittig Date: February 9, 2026 Re: Admin HWS Q020926-2085 This quote is a result of your request and service request. Current system has been in service for 17 years and replacement should be considered over repair. J&H provided scope listed below. Scope Travel to site and gain access to equipment Isolate and Demo existing System HWS and Electric DHW Provide a new Dual Boiler High Eff. Plant to match most recent PD Project Return and Supply piping connections Boiler Trim Kit with all new Specialties (2) pc Taco Boiler Pumps (2) pc Taco Main System Pumps Provide a new 50 Gallon Indirect Heater 2” insulated jacket Boiler Return and Supply piping connections with control valve and specialties DHW piping connections with relief (1) pc Taco recirculation pump with flanges Controls with DHW Priority Upgrade main system controller for IP communication Venting, Condensate and Gas piping Line and Low Voltage Fill and Vent system Start up and Commissioning First Year Parts and Labor Warranty Notes: Current 3-week lead time on materials Base Bid less Tax: $ 106,245.00 Thank you. Chris Wittig Service Manager J & H Heating, Inc.