Village Board — Agenda Packet

July 14, 2026 Village of Jackson - Village Board Meeting Agenda VILLAGE OF JACKSON VILLAGE BOARD MEETING AGENDA Tuesday, July 14, 2026 at 7:30 PM (Or immediately following Budget and Finance Committee meeting) Jackson Municipal Complex Village Board Room N168W19851 Main Street Jackson, WI 53037 1. Call to Order and Roll Call 2. Pledge of Allegiance 3. Presentations a. Review 2025 Draft Audit of the Financial Statements - Presentation by Lucida, LLC, with Possible Discussion and Action b. Review of Proposed 2027 Capital Improvement Plan 4. Public Hearings a. Conditional Use and Site Plan Review - N168W20160 Main Street - Freedom Fellowship Church 5. Village Citizen Comment on an Agenda Item (Please sign-in with the Clerk prior to speaking. Please note this is the Village Board's monthly business meeting, not a public hearing. People wishing to speak on an item on the agenda should present their comments under this agenda item. Each commenter will be limited to a total of 2 minutes.) 6. Consent Agenda a. Approval of Minutes of the Village Board Meeting of June 9, 2026 b. Resolution #26-26 - Appreciation of Service to Jeff Froemming - Jackson Fire Department 7. Approval of Licenses a. Cigarette/Tobacco/Vape License i. Wisconsin Horticulture, LLC (Agent: Michelle Bramlett) N168W20542 Main Street 8. Budget and Finance Committee a. Pay Request #1 – 2026 Street Improvement Projects - Eagle Drive, Hawthorn Drive, Aspen Drive, and Linden Drive - Vinton Construction in the amount of $112,803.94 b. Pay Request #1 – 2026 Wastewater Treatment Plant Fill Removal Project – BMCI Construction in the amount of $118,802.25 c. Reimbursement Request #16 - 2024 Wastewater Treatment Plant Tertiary Filter and UV Disinfections Project - Clean Water Fund Loan in the amount of $39,575.63 d. Pay Request #3 - 2025 Dog Park at Cedar Creek Park - Lowe Underground, Inc. in the amount of $61,605.51 Page 1 of 166 July 14, 2026 Village of Jackson - Village Board Meeting Agenda 9. Plan Commission a. Conditional Use and Site Plan Review - N168W20160 Main Street - Freedom Fellowship Church 10. West Bend School District 11. Washington County Board Report 12. Greater Jackson Business Alliance 13. Mid-Moraine Municipal Association Report 14. Closed Session Pursuant to Wis. Stats. §19.85(1)(c) "considering employment, promotion, compensation, or performance evaluation data of any public employee over which the Village has jurisdiction or exercises responsibility" and 19.85(1)(e) “deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session.” The closed session is for the following purposes: a. To Discuss Development Agreement with West Bend School District b. 2026 Village Administrator Performance Review 15. Reconvene in Open Session with Possible Action Related to the Subject of the Preceding Closed Session 16. Adjourn Persons with disabilities requiring special accommodations for attendance at the meeting should contact the Administration Department at the Jackson Municipal Complex at least one (1) business day prior to the meeting. It is possible that members of the Village Board may attend the above meeting. No action will be taken by any governmental body at this meeting other than the governmental body specifically referred to in this meeting notice. This notice is given so that members of the Village Board may attend the meeting without violating the open meeting law. Page 2 of 166 VILLAGE OF JACKSON _____________________________ INDEPENDENT AUDITORS’ REPORT AND FINANCIAL STATEMENTS _____________________________ YEAR ENDED DECEMBER 31, 2025 Page 3 of 166 VILLAGE OF JACKSON TABLE OF CONTENTS PAGE(s) INDEPENDENT AUDITORS’ REPORT 1 - 3 BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS STATEMENT OF NET POSITION 4 STATEMENT OF ACTIVITIES 5 FUND FINANCIAL STATEMENTS BALANCE SHEET - GOVERNMENTAL FUNDS 6 RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION 7 STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS 8 RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES 9 STATEMENT OF NET POSITION - PROPRIETARY FUNDS 10 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - PROPRIETARY FUNDS 11 STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS 12 - 13 STATEMENT OF FIDUCIARY NET POSITION – FIDUCIARY FUND 14 STATEMENT OF CHANGES IN FIDUCIARY NET POSITION – FIDUCIARY FUND 14 NOTES TO FINANCIAL STATEMENTS 15 - 52 REQUIRED SUPPLEMENTARY INFORMATION BUDGETARY COMPARISON SCHEDULE – GENERAL FUND REVENUES 54 - 55 BUDGETARY COMPARISON SCHEDULE – GENERAL FUND EXPENDITURES 56 – 57 BUDGETARY COMPARISON SCHEDULE – FIRE and EMS FUND REVENUES 58 BUDGETARY COMPARISON SCHEDULE – FIRE and EMS FUND EXPENDITURES 59 – 60 Page 4 of 166 VILLAGE OF JACKSON TABLE OF CONTENTS - CONTINUED PAGE(s) REQUIRED SUPPLEMENTARY INFORMATION (CONTINUED) SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY (ASSET) - WISCONSIN RETIREMENT SYSTEM 61 SCHEDULE OF CONTRIBUTIONS - WISCONSIN RETIREMENT SYSTEM 61 SCHEDULE OF PROPORTIONATE SHARE OF NET OPEB LIABILITY (ASSET) 62 SCHEDULE OF CONTRIBUTIONS - OPEB 62 NOTES TO REQUIRED SUPPLEMENTARY INFORMATION 63 - 66 SUPPLEMENTARY INFORMATION COMBINING BALANCE SHEET – NONMAJOR GOVERNMENTAL FUNDS - SPECIAL REVENUE 68 COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS - SPECIAL REVENUE 69 COMBINING BALANCE SHEETS – NONMAJOR GOVERNMENTAL FUNDS - CAPITAL PROJECTS 70 COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS - CAPITAL PROJECTS 71 Page 5 of 166 INDEPENDENT AUDITORS’ REPORT To the Village Board Village of Jackson, Wisconsin Opinions 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 Jackson (the “Village”), as of and for the year ended December 31, 2025, and the related notes to the financial statements, which collectively comprise the Village of Jackson’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, 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. Our responsibilities under those standards are further described in the Auditors’ 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. Change in Accounting Principle As discussed in Note J to the financial statements, in fiscal year 2025, the Village adopted new accounting guidance, GASBS No. 101, Compensated Absences and GASBS No. 102, Certain Risk Disclosures. Our opinions are not modified with respect to these matters. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these 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. Page 6 of 166 To the Village Board Village of Jackson, Wisconsin - 2 - Auditors’ 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 auditors’ 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, 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 budgetary comparison and historical pension information 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. Page 7 of 166 To the Village Board Village of Jackson, Wisconsin - 3 - Management has omitted the Management’s Discussion and Analysis that 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. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Village’s basic financial statements. The combining and individual nonmajor fund financial statements are 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 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, the combining and individual nonmajor fund financial statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole. Lucida LLC Lake Geneva, Wisconsin July 13, 2026 Page 8 of 166 GovernmentalBusiness-type Activities Activities Totals ASSETS Current assets: Cash and investments 11,815,818$ 1,818,840$ 13,634,658$ Taxes receivable 3,237,185 - 3,237,185 Delinquent taxes and special charges 5,044 - 5,044 Accounts receivable (net of allowance of $283,229)165,201 1,005,815 1,171,016 Inventory - 63,860 63,860 Prepaid expenditures 116,461 - 116,461 Non-current assets: Restricted - cash and investments 3,524,988 4,587,451 8,112,439 Special assessments receivable 268,762 - 268,762 Advances to / from utility funds 980,000 (980,000) - Capital assets: Land 2,259,704 384,719 2,644,423 Construction in progress 1,694,467 1,220,205 2,914,672 Capital leases, net of amortization 278,676 - 278,676 Capital assets, net of accumulated depreciation55,849,013 41,399,681 97,248,694 TOTAL ASSETS 80,195,319 49,500,571 129,695,890 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pension 2,163,447 295,015 2,458,462 Deferred outflows related to OPEB 87,564 11,940 99,504 TOTAL DEFERRED OUTFLOWS OF RESOURCES2,251,011 306,955 2,557,966 LIABILITIES Current liabilities: Accounts payable and other accruals 171,122 349,208 520,330 Accrued property tax equivalent - 242,832 242,832 Accrued salaries and benefits 140,817 8,227 149,044 Accrued interest 119,270 54,037 173,307 Deposits held 98,062 - 98,062 Developer agreements, due within one year 717,931 - 717,931 Capital leases, due within one year 47,781 - 47,781 Long-term debt, due within one year 1,511,180 488,687 1,999,867 Non-current liabilities: Developer agreements, due in more than one year3,423,816 - 3,423,816 Capital leases, due in more than one year 117,236 - 117,236 Long-term debt, due in more than one year 24,973,714 9,364,500 34,338,214 Unamortized premium on debt 830,062 204,530 1,034,592 Net OPEB liability 191,471 26,110 217,581 Net pension liability 364,515 49,707 414,222 Accrued compensated absences 326,724 53,400 380,124 TOTAL LIABILITIES 33,033,701 10,841,238 43,874,939 DEFERRED INFLOWS OF RESOURCES Property taxes 7,517,910 - 7,517,910 Deferred inflows related to pension 1,081,562 147,485 1,229,047 Deferred inflows related to OPEB 143,091 19,512 162,603 TOTAL DEFERRED INFLOWS OF RESOURCES 8,742,563 166,997 8,909,560 NET POSITION Net investment in capital assets 35,128,558 33,781,584 68,910,141 Restricted 4,776,661 4,685,274 9,461,935 Unrestricted 764,847 332,433 1,097,281 TOTAL NET POSITION 40,670,066$ 38,799,291$ 79,469,357$ Primary Government VILLAGE OF JACKSON STATEMENT OF NET POSITION DECEMBER 31, 2025 See accompanying notes to basic financial statements. - 4 - Page 9 of 166 Operating Capital Charges forGrants and Grants and GovernmentalBusiness-type Functions/Programs Expenses Services Contributions Contributions Activities Activities Totals PRIMARY GOVERNMENT GOVERNMENTAL ACTIVITIES General government 1,024,520$ 92,251$ -$ 5,119$ (927,150)$ -$ (927,150)$ Public safety 4,660,521 870,291 709,219 196,527 (2,884,484) - (2,884,484) Public works 2,861,819 148,560 366,724 41,531 (2,305,004) - (2,305,004) Culture and recreation 1,116,696 394,535 127,474 - (594,687) - (594,687) Conservation and development 1,880,805 - - 45,253 (1,835,552) - (1,835,552) Interest and fiscal charges 926,975 - - - (926,975) - (926,975) TOTAL GOVERNMENTAL 12,471,336 1,505,637 1,203,417 288,430 (9,473,852) - (9,473,852) BUSINESS-TYPE ACTIVITIES Water 1,992,348 1,684,828 - 103,114 - (204,406) (204,406) Sewer 2,685,499 2,460,107 - 447,381 - 221,989 221,989 TOTAL BUSINESS-TYPE 4,677,847 4,144,935 - 550,495 - 17,583 17,583 TOTAL PRIMARY GOVERNMENT17,149,183$ 5,650,572$ 1,203,417$ 838,925$ (9,473,852) 17,583 (9,456,269) GENERAL REVENUES Property taxes 7,322,599 - 7,322,599 Mobile home fees 83,345 - 83,345 Other taxes 64,920 - 64,920 Payments in lieu of taxes 231,181 - 231,181 State aids - Unrestricted 749,687 - 749,687 Interest income 493,819 200,058 693,877 Miscellaneous 69,915 - 69,915 Rent 69,779 - 69,779 Gain (loss) on sale of Village property 339 - 339 TOTAL GENERAL REVENUES 9,085,584 200,058 9,285,642 CHANGE IN NET POSITION (388,268) 217,641 (170,627) NET POSITION - BEGINNING OF YEAR 41,058,334 38,581,650 79,639,984 NET POSITION - END OF YEAR 40,670,066$ 38,799,291$ 79,469,357$ VILLAGE OF JACKSON STATEMENT OF ACTIVITIES YEAR ENDED DECEMBER 31, 2025 Net (Expense) Revenue and Changes in Net Position Primary Government Program Revenues See accompanying notes to basic financial statements. - 5 - Page 10 of 166 Formerly Formerly Formerly Nonmajor Total General Debt Service Nonmajor Major Nonmajor Governmental Governmental Fund Fund Fire and EMS General TID 4 TID 7 Funds Funds ASSETS Cash and investments 7,126,328$ 1,850,940$ 1,259,365$ 727,719 $ - $ 730,023$ 121,443$ 11,815,818$ Receivables: Taxes 1,987,138 750,337 - 156,108 - 110,737 232,865 3,237,185 Delinquent taxes and special charges 5,044 - - - - - - 5,044 Accounts (net of allowance for doubtful accounts of $283,229) 25,916 - 72,048 33,804 - - 33,433 165,201 Special assessments - - - 264,459 - - 4,303 268,762 Advances to other funds 572,248 300,000 - - 872,248 Advances to utility funds - - - 980,000 - - - 980,000 Prepaid expenditures 116,461 - - - - - - 116,461 Restricted Assets: Cash and investments 82,076 - 17,986 2,744,122 - 311,112 369,692 3,524,988 TOTAL ASSETS 9,915,211 2,601,277 1,349,399 5,206,212 - 1,151,872 761,736 20,985,707 LIABILITIES Accounts payable and other accruals 73,346 401 18,592 59,673 - 2,303 16,807 171,122 Accrued salaries and benefits 114,529 - 21,125 - - - 5,163 140,817 Deposits held 15,124 - - 82,938 - - - 98,062 Advance from other funds - - - - - 872,248 - 872,248 TOTAL LIABILITIES 202,999 401 39,717 142,611 - 874,551 21,970 1,282,249 DEFERRED INFLOWS OF RESOURCES Property taxes 4,642,488 1,754,766 - 321,119 - 258,926 540,611 7,517,910 Special assessments - - - 316,899 - - 5,737 322,636 TOTAL DEFERRED INFLOWS OF RESOURCES 4,642,488 1,754,766 - 638,018 - 258,926 546,348 7,840,546 FUND BALANCES Nonspendable 688,709 - - 1,280,000 - - - 1,968,709 Restricted 20,834 846,110 - 3,145,583 - 18,395 28,369 4,059,291 Assigned - - 1,309,682 - - - 577,814 1,887,496 Unassigned 4,360,181 - - - - - (412,765) 3,947,416 TOTAL FUND BALANCES 5,069,724$ 846,110 $ 1,309,682$ 4,425,583$ - $ 18,395$ 193,418$ 11,862,912$ VILLAGE OF JACKSON BALANCE SHEETS GOVERNMENTAL FUNDS DECEMBER 31, 2025 Capital Projects See accompanying notes to basic financial statements. - 6 - Page 11 of 166 TOTAL FUND BALANCES - GOVERNMENTAL FUNDS 11,862,912$ 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 governmental funds as assets. Capital assets 77,590,088 $ Accumulated depreciation (17,508,228) 60,081,860 Other long-term assets are not available to pay for current period expenditures and, therefore, are reported as deferred inflows of resources in the funds. Special assessments 322,636 The Village's proportionate share of the Wisconsin Retirement System net pension liability is reported on the statement of net position, but is not reported in the governmental funds. (364,515) The Village's proportionate share of the net OPEB liability for the Local Retiree Life Insurance Fund ("LRLIF") administered by the Wisconsin Department of Employee Trust Funds ("ETF") is reported on the statement of net position, but is not reported in the governmental funds. (191,471) Deferred outflows and inflows of resources related to pensions and OPEB are applicable to future periods, and therefore, are not reported in the governmental funds. Deferred outflows related to pensions 2,163,447 Deferred inflows related to pensions (1,081,562) Deferred outflows related to OPEB 87,564 Deferred inflows related to OPEB (143,091) 1,026,358 Long-term debt and related items are not due and payable in the current period and, therefore, are not reported in the governmental funds. Long-term debt and related items at year end consist of: Long-term debt (26,484,894) Capital leases (165,017) Unamortized premium on debt issuance (830,062) Developer agreements (4,141,747) Compensated absences (326,724) (31,948,444) Accrued interest payable on debt is not due and payable in the current period and, therefore, is not reported as a liability in the governmental funds. (119,270) TOTAL NET POSITION - GOVERNMENTAL ACTIVITIES 40,670,066$ VILLAGE OF JACKSON RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION DECEMBER 31, 2025 See accompanying notes to basic financial statements. - 7 - Page 12 of 166 Formerly Formerly Formerly Nonmajor Total General Debt Service Nonmajor Major Nonmajor Governmental Governmental Fund Fund Fire and EMS General TID 4 TID 7 Funds Funds REVENUES Taxes 4,595,781 $ 1,654,695$ - $ 141,862$ - $ 34,078$ 1,275,630$ 7,702,046 Special assessments 11,817 - - 162,670 - - 1,434 175,921 Intergovernmental revenue 1,040,180 - 204,484 41,531 - 54,527 73,720 1,414,442 Licenses and permits 398,229 - - - - - - 398,229 Fines and forfeitures 30,874 - - - - - - 30,874 Charges for services 48,841 - 493,826 196,527 - - 522,009 1,261,203 Intergovernmental charges for services - - 470,938 - - - - 470,938 Interest income 285,628 - 753 192,674 - 6,112 8,654 493,821 Other 122,887 - 28,267 5,120 - 375 - 156,649 TOTAL REVENUES 6,534,237 1,654,695 1,198,268 740,384 - 95,092 1,881,447 12,104,123 EXPENDITURES Current: General government 822,608 - - - - - 513,907 1,336,515 Public safety 2,534,861 - 1,419,924 - - - - 3,954,785 Public works 1,217,677 - - - - - - 1,217,677 Culture and recreation 253,480 - - 46,974 - - 680,525 980,979 Conservation and development 18,701 - - - - 147,130 495,122 660,953 Capital outlay 189,770 - 33,984 4,404,210 - - - 4,627,964 Debt Service: Principal - 1,458,694 - - - - 89,141 1,547,835 Interest and fiscal charges - 789,973 - - - - - 789,973 Debt issuance costs - - - 157,677 - - - 157,677 TOTAL EXPENDITURES 5,037,097 2,248,667 1,453,908 4,608,861 - 147,130 1,778,695 15,274,358 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,497,140 (593,972) (255,640) (3,868,477) - (52,038) 102,752 (3,170,235) OTHER FINANCING SOURCES (USES) Proceeds from sale of capital assets 339 - 6,702 - - - 7,041 Repayment of TID funds - - - 508,256 - - - 508,256 Proceeds on bonds - - - 3,815,000 - - 3,815,000 Proceeds on leased vehicles 49,977 - - - - - - 49,977 Premium on debt issuance - - - 57,941 - 57,941 Transfers in (out) (917,849) 509,929 581,887 (114,019) - 668,027 (727,975) - TOTAL OTHER FINANCING SOURCES (USES) (867,533) 509,929 588,589 4,267,178 - 668,027 (727,975) 4,438,215 NET CHANGE IN FUND BALANCES 629,607 (84,043) 332,949 398,701 - 615,989 (625,223) 1,267,980 FUND BALANCES - BEGINNING OF YEAR As previously stated 4,440,117 930,153 - 4,026,882 346,793 - 850,987 10,594,932 Change within financial reporting entity (nonmajor to major fund) - - 976,733 - - (597,594) (379,139) - (major to nonmajor fund) - - - - (346,793) - 346,793 - FUND BALANCES - BEGINNING AS RESTATED4,440,117 930,153 976,733 4,026,882 - (597,594) 818,641 10,594,932 FUND BALANCES - ENDING 5,069,724$ 846,110 $ 1,309,682$ 4,425,583$ - $ 18,395$ 193,418$ 11,862,912$ VILLAGE OF JACKSON STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS YEAR ENDED DECEMBER 31, 2025 Capital Projects See accompanying notes to basic financial statements. - 8 - Page 13 of 166 NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS 1,267,980$ 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 outlay 4,627,963 $ Depreciation expense (2,084,063) 2,543,900 Receivables not currently available are reported as revenue when collected or currently available in the fund financial statements but are recognized as revenue when earned in the government-wide financial statements. Special assessments (28,091) In the statement of activities, the cost of pension and OPEB benefits earned net of employee contributions is reported as an expense. In the governmental funds, however, expenditures for these items are measured by the amount of financial resources used. Pension (expense) revenue (460,090) Village pension contributions 337,181 OPEB expense (14,380) Village OPEB contributions 3,684 (133,605) Governmental funds report proceeds from the issuance of long-term debt as other financing sources, but issuing debt increases long-term liabilities in the statement of net position. Repayments of long-term debt principal are expenditures in the governmental funds but the repayments reduce long-term liabilities in the statement of net position. Proceeds on issuance of debt (3,815,000) Proceeds on premium (57,941) Proceeds on capital leases (49,977) Developers agreements (2,307,248) Amortization of premium on debt 52,929 Principal payments on developer agreement 629,996 Principal payments on capital leases 60,865 Principal payments on bonds and notes 1,458,694 (4,027,682) Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. Changes in interest accrued on long-term debt (32,255) Changes in compensated absences 21,485 (10,770) CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES (388,268)$ YEAR ENDED DECEMBER 31, 2025 VILLAGE OF JACKSON RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES See accompanying notes to basic financial statements. - 9 - Page 14 of 166 Water Sewer Utility Utility Totals ASSETS Current Assets: Cash and investments 261,713 $ 1,557,127$ 1,818,840$ Customer and other accounts receivable 429,217 576,598 1,005,815 Inventories 63,860 - 63,860 Total Current Assets 754,790 2,133,725 2,888,515 Non-current Assets: Cash and investments - restricted 649,417 3,938,034 4,587,451 Capital Assets: Land 352,219 32,500 384,719 Construction in process 493,982 726,223 1,220,205 Capital assets, net of accumulated depreciation 19,499,662 21,900,019 41,399,681 Total Non-current Assets 20,995,280 26,596,776 47,592,056 TOTAL ASSETS 21,750,070 28,730,501 50,480,571 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pension 122,923 172,092 295,015 Deferred outflows related to OPEB 4,975 6,965 11,940 TOTAL DEFERRED OUTFLOWS OF RESOURCES127,898 179,057 306,955 LIABILITIES Current Liabilities: Accounts payable 46,425 $ 302,783$ 349,208$ Accrued salaries and benefits 3,620 4,607 8,227 Accrued property tax equivalent 242,832 - 242,832 Accrued interest on long-term obligations 12,101 41,936 54,037 Revenue bonds due within 1 year 95,000 393,687 488,687 Total Current Liabilities 399,978 743,013 1,142,991 Non-current liabilities: Net OPEB liability 10,879 15,231 26,110 Net pension liability 20,711 28,996 49,707 Revenue bonds due in greater than 1 year 1,555,000 7,809,500 9,364,500 Advance from other funds 470,000 510,000 980,000 Unamortized premium on issuance 72,537 131,993 204,530 Accrued compensated absences 14,066 39,334 53,400 Total Non-current Liabilities 2,143,193 8,535,054 10,678,247 TOTAL LIABILITIES 2,543,171 9,278,067 11,821,238 DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pension 61,452 86,033 147,485 Deferred inflows related to OPEB 8,130 11,382 19,512 TOTAL DEFERRED INFLOWS 69,582 97,415 166,997 NET POSITION Net investment in capital assets 18,977,333 14,804,251 33,781,584 Restricted for: Capital Projects 649,417 2,729,338 3,378,755 Equipment Replacement - 1,208,696 1,208,696 WRS Pension 40,760 57,063 97,823 Unrestricted (402,295) 734,728 332,433 TOTAL NET POSITION 19,265,215$ 19,534,076$ 38,799,291$ Business-type Activities - Enterprise Funds VILLAGE OF JACKSON STATEMENTS OF NET POSITION PROPRIETARY FUNDS DECEMBER 31, 2025 See accompanying notes to basic financial statements. - 10 - Page 15 of 166 Water Sewer Utility Utility Totals OPERATING REVENUES Charges for service 1,596,741 $ 2,447,446$ 4,044,187$ Other operating revenues 88,087 12,661 100,748 TOTAL OPERATING REVENUES 1,684,828 2,460,107 4,144,935 OPERATING EXPENSES Operation and maintenance 1,067,070 1,372,963 2,440,033 Taxes 269,322 - 269,322 Depreciation 581,771 1,082,459 1,664,230 TOTAL OPERATING EXPENSES 1,918,163 2,455,422 4,373,585 OPERATING INCOME (LOSS) (233,335) 4,685 (228,650) NONOPERATING REVENUES (EXPENSES) Interest income 34,302 165,756 200,058 Interest expense (74,185) (230,077) (304,262) TOTAL NONOPERATING REVENUES (EXPENSES)(39,883) (64,321) (104,204) INCOME BEFORE CONTRIBUTIONS AND TRANSFERS (273,218) (59,636) (332,854) Capital contributions/Impact fees 103,114 447,381 550,495 CHANGE IN NET POSITION (170,104) 387,745 217,641 NET POSITION - BEGINNING OF YEAR 19,435,319 19,146,331 38,581,650 NET POSITION - END OF YEAR 19,265,215$ 19,534,076$ 38,799,291$ Business-type Activities - Enterprise Funds VILLAGE OF JACKSON PROPRIETARY FUNDS YEAR ENDED DECEMBER 31, 2025 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION See accompanying notes to basic financial statements. - 11 - Page 16 of 166 Water Sewer Utility Utility Totals CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers and users 1,640,274$ 2,343,390$ 3,983,664$ Payments to suppliers (854,631) (1,217,987) (2,072,618) Payments to employees (471,398) (581,574) (1,052,972) NET CASH PROVIDED BY OPERATING ACTIVITIES 314,245 543,829 858,074 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital contributions/impact fees 103,114 447,381 550,495 Proceeds of bonds - 2,904,993 2,904,993 Principal paid on bonds (95,000) (175,000) (270,000) Interest paid on bonds (74,185) (230,077) (304,262) Advance from other funds 470,000 510,000 980,000 Acquisition and construction of capital assets (1,139,201) (3,737,563) (4,876,764) NET CASH PROVIDED (USED) BY CAPITAL AND RELATED FINANCING ACTIVITIES (735,272) (280,266) (1,015,538) CASH FLOWS FROM INVESTING ACTIVITIES Interest income 34,302 165,756 200,058 NET CHANGE IN CASH AND INVESTMENTS (386,725) 429,319 42,594 CASH AND INVESTMENTS - BEGINNING OF YEAR1,297,855 5,065,842 6,363,697 CASH AND INVESTMENTS - END OF YEAR 911,130$ 5,495,161$ 6,406,291$ Business-type Activities - Enterprise Funds VILLAGE OF JACKSON STATEMENT OF CASH FLOWS PROPRIETARY FUNDS YEAR ENDED DECEMBER 31, 2025 See accompanying notes to basic financial statements. - 12 - Page 17 of 166 Water Sewer Utility Utility Totals RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH FLOWS FROM OPERATING ACTIVITIES Operating income (loss) (233,335) $ 4,685 $ (228,650)$ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation 613,157 1,082,459 1,695,616 Amortization of premium (4,267) (7,764) (12,031) Changes in assets and liabilities: (Increase) decrease in customer and other receivables (44,554) (116,717) (161,271) (Increase) decrease in inventories (14,460) - (14,460) (Increase) decrease related to pensions and OPEB 7,205 3,302 10,507 Increase (decrease) in accounts payable (2,544) (422,860) (425,404) Increase (decrease) in accrued liabilities 11,639 11,106 22,745 Increase (decrease) in compensated absences payable (18,596) (10,382) (28,978) NET CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES 314,245$ 543,829$ 858,074$ RECONCILIATION OF CASH AND INVESTMENTS TO STATEMENT OF NET POSITION - PROPRIETARY FUNDS Cash and investments reported as current assets 261,713$ 1,557,127$ 1,818,840$ Cash and investments reported as restricted assets 649,417 3,938,034 4,587,451 TOTAL CASH AND INVESTMENTS 911,130$ 5,495,161$ 6,406,291$ NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES Capital outlay paid by developers - $ -$ -$ VILLAGE OF JACKSON STATEMENT OF CASH FLOWS - CONTINUED PROPRIETARY FUNDS YEAR ENDED DECEMBER 31, 2025 Business-type Activities - Enterprise Funds See accompanying notes to basic financial statements. - 13 - Page 18 of 166 Custodial Funds Tax Collection Fund ASSETS Cash and investments 6,566,986 $ Taxes receivable 4,909,022 TOTAL ASSETS 11,476,008 LIABILITIES Due to other governmental units 11,476,008 TOTAL LIABILITIES 11,476,008 NET POSITION -$ Custodial Funds Tax Collection Fund ADDITIONS Collection of property tax 10,359,022 $ TOTAL ADDITIONS 10,359,022 DEDUCTIONS Distributions to other governmental units 10,359,022 TOTAL DEDUCTIONS 10,359,022 NET POSITION, January 1 - NET POSITION, December 31 -$ FIDUCIARY FUND STATEMENT OF FIDUCIARY NET POSITION VILLAGE OF JACKSON VILLAGE OF JACKSON YEAR ENDED DECEMBER 31, 2025 FIDUCIARY FUND STATEMENT OF CHANGES IN FIDUCIARY NET POSITION DECEMBER 31, 2025 See accompanying notes to basic financial statements. - 14 - Page 19 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 - 15 - Note A - Summary of Significant Accounting Policies The basic financial statements of the Village of Jackson (the “Village”) have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) as applied to governmental units. The Governmental Accounting Standards Board (“GASB”) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The significant accounting principles and policies utilized by the Village are described below. Financial Reporting Entity This report includes all of the funds of the Village. The reporting entity for the Village consists of (a) the primary government, (b) organizations for which the primary government is financially accountable and (c) other organizations for which the nature and significance of their relationship with the primary government are such that their exclusion would cause the reporting entity’s financial statements to be misleading or incomplete. A legally separate organization should be reported as a component unit if the elected officials of the primary government are financially accountable to the organization. The primary government is financially accountable if it appoints a voting majority of the organization’s governing body and (1) it is able to impose its will on that organization or (2) there is a potential for the organization to provide specific financial benefits to or burdens on the primary government. The primary government may be financially accountable if an organization is fiscally dependent on the primary government. A legally separate, tax-exempt organization should be reported as a component unit of a reporting entity if all of the following criteria are met: (1) The economic resources received or held by the separate organization are entirely or almost entirely for the direct benefit of the primary government, its component units, or its constituents; (2) The primary government is entitled to, or has the ability to otherwise access, a majority of the economic resources received or held by the separate organization; (3) The economic resources received or held by an individual organization that the specific primary government, or its component units, is entitled to, or has the ability to otherwise access, are significant to that primary government. Blended component units, although legally separate entities are, in substance, part of the government’s operations and are reported with similar funds of the primary government. This report does not contain any component units or blended component units. Basis of Presentation Government-wide Financial Statements The statement of net position and the statement of activities display information about the reporting government as a whole. They include all funds of the reporting entity except for fiduciary funds. The statements distinguish between governmental and business-type activities. Governmental activities generally are financed through taxes, intergovernmental revenue, and other non-exchange revenues. Business-type activities are financed, in whole or in part, by fees charged to external parties for goods and services. Eliminations have been made to avoid double counting of internal activities of the Village. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. The Village does not allocate indirect expenses to functions in the statement of activities. Program revenues include 1) charges to customers or applicants who purchase, use or directly benefit from goods, services, or privileges provided by a given function or segment, and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not included among program revenues are reported as general revenues. Internally dedicated resources are reported as general revenues rather than as program revenues Page 20 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 16 - Note A - Summary of Significant Accounting Policies (continued) Basis of Presentation (continued) Fund Financial Statements Financial statements of the reporting entity are organized into funds, each of which is considered to be a separate accounting entity. Each fund is accounted for by providing a separate set of self- balancing accounts, which constitute its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund equity, revenues, and expenditures/expenses. Funds are organized as major funds or non-major funds within the governmental and proprietary statements. An emphasis is placed on major funds within the governmental and proprietary categories. A fund is considered major if it is the primary operating fund of the Village or meets the following criteria: a. Total assets, deferred outflows of resources, liabilities, deferred inflows of resources, 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 b. The same element of the individual governmental fund or enterprise fund that met the 10 percent test is at least 5 percent of the corresponding total for all governmental and enterprise funds combined. c. In addition, any other governmental or proprietary fund that the Village believes is particularly important to financial statement users may be reported as a major fund. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. Major Funds The Village reports the following major governmental funds: General Fund - The General Fund is the primary operating fund of the Village and is always classified as a major fund. It is used to account for all financial transactions except those legally and/or administratively required to be accounted for in another fund. Debt Service Fund - This fund accounts for the accumulation of resources for, and the payment of, general long-term obligations principal, interest and related costs (other than debt accounted for in the Proprietary Funds). Capital Projects Fund - This fund accounts for the activities involving borrowing for construction or purchase of capital assets. Tax Incremental District No. 7 – This fund accounts for revenues and expenditures associated with the Tax Incremental District No. 7. Fire and EMS Fund – This fund accounts for the related resources and expenditures to support fire protection and emergency medical services. Page 21 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 17 - Note A - Summary of Significant Accounting Policies (continued) Major Funds (continued) The Village reports the following major proprietary funds: Water Utility Enterprise Fund – This fund accounts for the activities of operating the water distribution system. Sewer Utility Enterprise Fund – This fund accounts for the activities of operating the sewage treatment plant, sewage pumping stations, and collections systems. Non-Major Funds The Village reports the following non-major governmental funds: Special Revenue Funds – Special revenue funds are used to account for the proceeds of specific revenue sources that are restricted or assigned to expenditures for specific purposes. The Village reports the following non-major special revenue funds: Recreation Fund Hotel/Motel Tax Fund Park Fund Capital Projects Funds – Capital projects funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditures of funds for capital outlays, including the acquisition or construction of capital facilities and other capital assets. The Village reports the following non-major capital projects funds: Tax Incremental District No. 4 Tax Incremental District No. 5 Tax Incremental District No. 6 Additionally, the Village reports the following fund type: Fiduciary Funds – Custodial funds are used to account for assets held by the Village in a purely custodial capacity. The Village’s custodial fund is used for recording assets collected for other taxing jurisdictions. Since by definition these assets are held for the benefit of a third party and cannot be used to address activities or obligations of the government, these funds are not included in the preparation of the government-wide financial statements. Page 22 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 18 - Note A - Summary of Significant Accounting Policies (continued) Measurement Focus, Basis of Accounting, and Financial Statement Presentation Government-wide Financial Statements The government-wide statement of net position and statement of activities are reported using the economic resources measurement focus and 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. Revenues, expenditures/expenses, gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Property taxes are recognized as revenues in the year for which they are levied. Taxes receivable for the following year are recorded as receivables and deferred inflows of resources. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider are met. Special assessments are recorded as revenue when earned. Unbilled receivables are recorded as revenues when services are provided. As a general rule, the effect of inter-fund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are charges between the Village’s Water and Sewer Utilities, and various other functions of the government. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned. Fund Financial Statements Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recorded when they are both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the Village considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when the related fund liability is incurred, except for unmatured interest on long-term debt, claims, judgments, compensated absences, pension and OPEB expenditures, which are recorded as a fund liability when expected to be paid with expendable available financial resources. Property taxes are recorded in the year levied as receivables and deferred inflows of resources. They are recognized as revenues in the succeeding year when services financed by the levy are being provided. Intergovernmental aids and grants are recognized as revenues in the period the Village is entitled to the resources and the amounts are available. Amounts owed to the Village which are not available, are recorded as receivables and deferred inflows of resources. Amounts received prior to the entitlement period are also recorded as deferred inflows of resources. Amounts received prior to meeting eligibility requirements are recorded as unearned revenue. Special assessments are recorded as revenues when they become measurable and available as current assets. Annual installments due in future years are reflected as receivables and deferred inflows of resources. Delinquent special assessments being held by the county are reported as receivable and deferred inflows of resources. Page 23 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 19 - Note A - Summary of Significant Accounting Policies (continued) Measurement Focus, Basis of Accounting, and Financial Statement Presentation (continued) Fund Financial Statements (continued) Revenues susceptible to accrual include property taxes, miscellaneous taxes, public charges for services, special assessments, and interest. Other general revenues such as fines and forfeitures, inspection fees, recreation fees, and miscellaneous revenues are recognized when received in cash or when measurable and available under the criteria described above. The Village reports deferred inflows of resources on its governmental funds balance sheet. Deferred inflows arise from taxes levied in the current year which are for subsequent years’ operations. For governmental fund financial statements, deferred inflows of resources arise when potential revenue does not meet both the “measurable” and “available” criteria for recognition in the current period. In subsequent periods, when both revenue recognition criteria are met, the liability for deferred inflows of resources is removed from the balance sheet and revenue is recognized. Proprietary and fiduciary fund financial statements (other than agency funds) are reported using the economic resources measurement focus and the accrual basis of accounting, as described previously in this note. Agency funds allow the accrual basis of accounting, and do not have a measurement focus. The proprietary funds distinguish operating revenues and expenses from non-operating 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 are charges to customers for services. Operating expenses for proprietary funds include the cost of services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. Estimates The preparation of the Village’s financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses/expenditures during the reporting period. Actual results could differ from those estimates. Cash and Investments The Village’s cash and cash equivalents consist of cash on hand and demand deposits. Cash balances for individual funds are pooled unless maintained in segregated accounts. For purposes of the statement of cash flows for the enterprise funds, cash equivalents are temporary cash investments with a maturity of three months or less at the date of purchase. Investments are measured at fair value on a recurring basis. Recurring fair value measurements are those that GASB Statements require or permit in the statement of net position at the end of each reporting period. Page 24 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 20 - Note A - Summary of Significant Accounting Policies (continued) Cash and Investments (continued) Wisconsin Statute 66.0603 authorizes the Village to invest in the following types of investments:  Time deposits in any credit union, bank, savings bank, trust company, or savings and loan association which is authorized to transact business in Wisconsin.  Bonds or securities of any county, drainage district, technical college district, Village, City, Town, or school district of the state. Also, bonds issued by a local exposition district, a local professional baseball park district, a local professional football stadium district, a local cultural arts district, the University of Wisconsin Hospitals and Clinics Authority, or by the Wisconsin Aerospace Authority.  Bonds or securities issued or guaranteed by the federal government and its agencies.  The local government investment pool.  Any security maturing in seven years or less and having the highest or second highest rating category of a nationally recognized rating agency.  Securities of an open-end management investment company or investment trust, subject to various conditions and investment options.  Repurchase agreements with public depositories, with certain conditions. As discussed in Note C, the Village categorizes fair value measurements of its investments based on the hierarchy established by GAAP. The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. Exchange Traded Funds: Valued at the closing price reported on the active market on which the individual securities are traded. The preceding method described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Village believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. Interest income is recorded on the accrual basis. Interest income on comingled investments of the Village’s accounting funds is allocated based on average investment balances. Purchases and sales of investments are recorded on a trade-date basis. Realized gains and losses of the Village’s assets are reported in the statement of revenues, expenditures and changes in fund balances. Adjustments necessary to record investments at fair value are recorded in the statement of revenues, expenditures and changes in fund balance as interest income. The Village also has investments in the Local Government Investment Pool (“LGIP”), which is valued at amortized cost and is exempt from fair value disclosure. The Village has adopted an investment policy which permits all investments allowed under the state statutes as described above. Page 25 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 21 - Note A - Summary of Significant Accounting Policies (continued) Receivables In the government-wide statements, receivables consist of all revenues earned or to which the Village is otherwise entitled and has not yet received. In the fund financial statements, material receivables include revenue accruals such as intergovernmental grants and aids and other similar revenues since they are usually both measurable and available. Receivables collectible, but not available, are deferred in the fund financial statements in accordance with the modified accrual basis of accounting but not deferred in the government-wide financial statements in accordance with the accrual basis of accounting. Interest earnings are recorded when earned only if paid within 60 days since they would be considered both measurable and available. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. No provision for uncollectible accounts receivable has been made for the proprietary funds because they have the right by law to place substantially all delinquent bills on the tax roll, and other delinquent bills are generally not significant. Property taxes are recorded in the year levied as receivables and deferred inflows of resources. They are recognized as revenues in the succeeding year when services financed by the levy are provided. In addition to property taxes for the municipality, taxes are collected for and remitted to the state and county governments as well as the local and vocational school districts. Taxes for all state and other local governmental units billed in the current year for the succeeding year are reflected as receivables and as due to other governmental units on the statement of net position – fiduciary (agency) fund. Taxes are levied in December on the assessed value as of the prior January 1. Details of the Village’s property tax calendar for the 2025 tax levy follows: Lien and levy dates December 2025 Real estate collection due dates: First installment due January 31, 2026 Second installment due July 31, 2026 Personal property tax due in full January 31, 2026 Final settlement with county August 2026 Tax sale of 2025 delinquent real estate taxes October 2028 Delinquent real estate taxes as of July 31 are paid in full by the County, which assumes the collection. Therefore, management has determined that no allowance accounts are considered necessary. Inventories Inventories of the utility enterprise funds are generally used in the operation and maintenance of the Water Utility. The inventories are valued at cost using the first-in/first-out method (“FIFO”), which approximates market value. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Prepaid Expenditures Payments made to vendors that will benefit periods beyond the end of the current fiscal year are recorded as prepaid expenditures. Page 26 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 22 - Note A - Summary of Significant Accounting Policies (continued) Restricted Assets Mandatory segregations of assets are presented as restricted assets. Such segregations are required by bond agreements or other external parties. Current liabilities payable from these restricted assets are so classified. The excess of restricted assets over current liabilities payable from restricted assets will be used first for retirement of related long-term debt. The remainder, if generated from earnings, is shown as restricted net position. Cash and equivalents of the Village’s governmental and proprietary funds have been restricted for the following purposes: GovernmentalProprietaryFundsFundsTotalImpact fees689,580$ 128,711$ 818,291$ Unspent debt proceeds2,526,671 834,696 3,361,367 Fire reserves17,986 - 17,986 Municipal complex290,751 - 290,751 Utility reserves- 263,717 263,717 Equipment replacement fund- 1,208,696 1,208,696 Connection fees- 2,151,631 2,151,631 Total Restricted Assets3,524,988$ 4,587,451$ 8,112,439$ Capital Assets Government-wide Statements Capital assets, which include property, plant and equipment and intangible assets, are reported in the government-wide financial statements. Capital assets are defined by the Village as assets with an initial cost of more than $5,000 for general capital assets and infrastructure assets, with an estimated useful life in excess of two years. All capital assets are valued at historical cost or estimated historical costs if actual amounts are unavailable. Donated capital assets are recorded at their estimated fair value at the date of donation. The costs of maintenance and repairs that do not add to the value of the asset or extend the asset life are not capitalized. No interest was capitalized during the current period. Prior to January 2004, infrastructure assets of governmental funds were not capitalized. Upon implementing GASB Statement No. 34, governmental units are required to account for all capital assets, including infrastructure, in the government-wide statements prospectively from the date of implementation. Retroactive reporting of all major general infrastructure assets is encouraged but not required. The Village has not retroactively reported infrastructure acquired by its governmental fund types prior to implementation of GASB Statement No. 34. Additions to, and replacements of, capital assets of business-type activities are recorded at original cost, which includes material, labor, overhead, and an allowance for the cost of funds used during construction when significant. For tax-exempt debt, the amount of interest capitalized equals the interest expense incurred during construction netted against any interest revenue from temporary investment of borrowed funds proceeds. No interest was capitalized during the current year. The cost of renewals and betterments relating to retirement units is added to plant accounts. The cost of property replaced, retired or otherwise disposed of, is deducted from plant accounts and, generally, together with removal costs less salvage, is charged to accumulated depreciation. Page 27 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 23 - Note A - Summary of Significant Accounting Policies (continued) Capital Assets (continued) Government-wide Statements (continued) Depreciation of all exhaustible capital assets is recorded as an allocated expense in the statement of activities, with accumulated depreciation reflected in the statement of net position. Depreciation is provided over the assets’ estimated useful lives using the straight-line method of depreciation. The range of estimated useful lives by type of asset is as follows: Assets Years Buildings 20 - 50 Land improvements 20 - 50 Equipment 5 - 25 Infrastructure 40 Fund Financial Statements In the fund financial statements, capital assets acquired in governmental fund operations are accounted for as capital outlay expenditures of the governmental fund upon acquisition. Capital assets used in proprietary fund operations are accounted for the same way as in the government-wide statements. The Village reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of carrying amount or the fair value less costs to sell. Compensated Absences Employees earn vacation time and compensatory time off in varying amounts in accordance with Village policy. All full-time employees are eligible for paid vacation annually on the anniversary of their date of hire. Payments for vacation will be made at rates in effect when the benefits are used. At December 31, 2025, the total vacation and compensatory benefits accrued were $326,724 for the governmental activities and $53,400 for the business-type activities. Full-time employees may accumulate unused sick leave up to a maximum of 960 hours. Upon retirement from Village employment, in accordance with any provisions of the Wisconsin State Retirement Fund, fifty (50) percent of the value of the accrued sick leave hours, to a maximum of 480 hours based on the last hourly base rate, shall be placed into an account to be used by the retiree or their spouse for medical insurance premiums. All full-time represented employees may accumulate unused sick leave up to a maximum of 1,020 hours. Upon death or retirement, 100% of accumulated sick leave credits converted to its monetary value at the employee’s last rate of pay will be held by the Village and utilized for the sole purpose of paying health insurance premiums for themselves and/or their dependents. Page 28 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 24 - Note A - Summary of Significant Accounting Policies (continued) Compensated Absences (continued) Nonexempt employees shall be allowed to utilize accrued compensatory time off, subject to approval of their immediate supervisor. The choice of compensatory time credit or pay must be made by the employee when the overtime is worked, with the exception of December during which month all overtime worked shall be paid as overtime. Compensatory time off will be allowed to accumulate until the employee has accrued forty (40) hours in a regenerated account. Accumulated compensatory time off must be used in the calendar year in which it is earned. In the event there are extenuating medical or operational reasons an employee cannot utilize all accrued compensatory time in the same calendar year, the employee’s supervisor may grant a one-time allowance for remaining compensatory time to be paid on the last pay period in December of the current calendar year. Exempt employees are not eligible for compensatory time off. All vested vacation and sick leave is accrued when incurred in the government-wide and proprietary fund financial statements. A liability for these amounts is reported in the governmental funds only if they have matured, for example, as a result of employee resignations and retirements. Deferred Outflows / Inflows of Resources In accordance with GASB, the statement of financial position will sometimes report separate sections for deferred outflows and inflows of resources. The separate financial statement element, deferred outflows of resources, represents a decrease in net position or fund balance that applies to future period(s) and thus, will not be recognized as an outflow of resources (expense/expenditure) until then. The Village reports deferred outflows of resources related to pensions and OPEB. The separate financial statement element, deferred inflows of resources, represents an increase in net position or fund balance that applies to a future period(s) and thus, will not be recognized as an inflow of resources (revenue) until then. The Village reports deferred inflows of resources related to property taxes, pensions, and OPEB. Pensions The fiduciary net position of the Wisconsin Retirement System (“WRS”) has been determined using the flow of economic resources measurement focus and the accrual basis of accounting. This includes for purposes of measuring the following:  Net Pension Liability (Asset),  Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions,  Pension Expense (Revenue) Information about the fiduciary net position of the WRS and additions to/deductions from WRS’ fiduciary net position have been determined on the same basis as they are reported by the 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. Page 29 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 25 - Note A - Summary of Significant Accounting Policies (continued) Other Post-Employment Benefits (OPEB) The fiduciary net position of the Local Retiree Life Insurance Fund (“LRLIF”) has been determined using the flow of economic resources measurement focus and the accrual basis of accounting. This includes for purposes of measuring the following:  Net OPEB Liability (Asset)  Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB’s, and  OPEB Expense (Revenue) Information about the fiduciary net position of the LRLIF and additions to/deductions from LRLIF’s fiduciary net position have been determined on the same basis as they are reported by LRLIF. For this purpose, benefit payments (including refunds of member contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. Long-term Obligations All long-term obligations to be repaid from governmental and business-type resources are reported as liabilities in the government-wide statements. The long-term obligations consist primarily of notes and bonds payable, developer agreements, unamortized premium on debt, long-term lease agreements, and accrued compensated absences. Long-term obligations for governmental funds are not reported as liabilities in the fund financial statements. The face value of debt and premiums on issuance are reported as other financing sources. Payments of principle and interest, losses on debt refunding, as well as costs of issuance are reported as expenditures in the period in which they occur. For the government-wide statements, bond premiums are deferred and amortized over the life of the issue using the straight-line method. Gains or losses on refunding are amortized over the remaining life of the old debt, or the life of the new debt, whichever is shorter. Unamortized premiums are shown as a liability on the statement of net position. The balance at year-end for gains/losses, is shown as a deferred outflows or resources or deferred inflow of resources on the statement of net position. The accounting for proprietary fund obligations is the same in the fund financial statements as it is in the government-wide financial statements. Claims and Judgements When applicable, claims and judgments are recorded as liabilities if all of the conditions of GASB pronouncements are met. Claims and judgments that would normally be liquidated with expendable available financial resources are recorded during the year as expenditures in the governmental funds. If they are not to be liquidated with expendable available financial resources, no liability is recognized in the governmental fund statements. The related expenditure is recognized when the liability is liquidated. Claims and judgments are recorded in the government-wide statements and proprietary funds as expenses when the related liabilities are incurred. There were no significant claims or judgments at year end. Page 30 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 26 - Note A - Summary of Significant Accounting Policies (continued) Net Position and Fund Balances 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 and reduced by the outstanding balances or any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. Restricted Net Position - Consists of Net Position with constraints placed on their 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 legislation. Unrestricted Net Position – All other net position that does not meet the definition of “restricted” or “net investment in capital assets.” When both restricted and unrestricted resources are available for use, it is the Village’s policy to use restricted resources first unless legal requirements disallow it, then unrestricted resources as they are needed. Governmental Fund Financial Statements Governmental fund equity is classified as fund balance. GASB established fund balance classifications that comprise a hierarchy based primarily on the extent to which a government is bound to observe constraints imposed upon the use of the resources reported in governmental funds. The initial distinction that is made is identifying amounts that are considered nonspendable. Fund balance is further classified as restricted, committed, assigned and unassigned. The Village’s fund balance classification policies and procedures are as follows: Non-spendable Fund Balance - includes amounts that cannot be spent because they are not in a spendable form and cannot be converted to cash or because they are legally or contractually required to remain intact. Restricted Fund Balance - includes amounts that have constraints placed upon the use of the resources either by an external party or imposed by law through a constitutional provision or enabling legislation. Committed Fund Balance - includes amounts that can be used only for the specific purposes pursuant to constraints imposed by a formal action of the Village Board, the Village’s highest level of decision- making authority. This formal action is a Village Board resolution. Assigned Fund Balance - includes amounts that are constrained by the Village’s intent to be used for a specific purpose, but are neither restricted nor committed. For governmental funds, other than the general fund, this is the residual amount within the fund that is not restricted or committed. Assignments of fund balance are created by the Village Administrator. Unassigned Fund Balance - is the residual classification for the general fund. This classification represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the general fund. The general fund should be the only fund that reports an unassigned fund balance amount. Page 31 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 27 - Net Position and Fund Balances (continued) Governmental Fund Financial Statements (continued) When an expenditure/expense is incurred for purposes for which both restricted and unrestricted (committed, assigned, or unassigned) resources are available, it is the Village’s general policy to use restricted resources first. When expenditures/expenses are incurred for purposes for which unrestricted (committed, assigned, and unassigned) resources are available, and amounts in any of these unrestricted classifications could be used, it is the Village’s general policy to spend committed resources first, followed by assigned amounts, and then unassigned amounts. Proprietary fund equity is classified in the same manner as the Government-wide statements. It is the goal of the Village to achieve and maintain an unassigned fund balance in the general fund at fiscal year-end equal to a minimum of 35% and a maximum of 75% of the ensuing year’s total budgeted general fund expenditures. Utility User Rates Water Utility user rates currently in place were approved by the Village Board effective October 1, 2024. Sewer Utility rates currently in place were approved by the Village Board effective October 1, 2024. Note B - Stewardship, Compliance, and Accountability DNR Replacement Fund The Wisconsin Department of Natural Resources required the creation of an equipment replacement fund as a condition of receiving a grant for the sewer utility. The equipment replacement fund has been established and the balance at December 31, 2025 was $1,208,696. Deficit Fund Balance At December 31, 2025 the following funds had a deficit fund balance: Fund AmountTID #7 412,766$ Negative balances will be cured by future collections of tax increment. Page 32 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 28 - Note C - Cash and Investments The Village’s cash and investments at December 31, 2025 consisted of the following: Cash Investments TotalCustodial Risk:Petty cash 150$ -$ 150$ Demand deposits 8,214,477 - 8,214,477 Money market 13,050,344 - 13,050,344 Local government investment pool - 4,460,321 4,460,321 Custodial and Interest Rate Risk:US government bonds/securities - 1,622,849 1,622,849 Municipal bonds - 467,905 467,905 Certificates of deposit - 230,246 230,246 Custodial, Interest Rate and Credit Risk:Mutual funds - Government obligations - 267,791 267,791 Total cash and investments21,264,971$ 7,049,112$ 28,314,083$ The Village's cash and investments are reported in the financial statements as follows:Per Statement of Net PositionCash and investments 13,634,658$ Restricted cash and investments 8,112,439 Per State of Fiduciary Net PositionCash and investments 6,566,986 Total cash and investments28,314,083$ Deposits in local and area banks are insured by the Federal Deposit Insurance Corporation (“FDIC”). All time and savings deposits owned by the Village and held by the Village’s official custodian in an insured depository institution in the state in which the Village is located are added together and insured up to $250,000 per financial institution. Separately, all demand deposits owned by the Village and held by the Village’s official custodian in an insured depository within the state in which the Village is located are added together and insured up to an additional $250,000 per financial institution. Deposits in each local and area bank and in the Wisconsin Local Government Investment Pool (“LGIP”) are also insured by the State Deposit Guarantee Fund in the amount of $1,000,000 per financial institution. However, due to the relatively small size of the Guarantee Fund in relation to the total coverage and other legal implications, recovery of material principal losses may not be significant to individual government entities. Investments in the local government investment pool are covered under a surety bond issued by Financial Security Assurance, Inc. The fund insures against losses arising from principal defaults on substantially all types of securities acquired by the pool. The bond provides unlimited coverage on principal losses, reduced by any FDIC, SDGF insurance, and income on the investment during the calendar quarter a loss occurs. The LGIP does not have a credit quality rating and is also not subject to credit risk disclosures because investments are not issued in securities form. It is part of the State Investment Fund (“SIF”) and is managed by the State of Wisconsin Investment Board. The LGIP is not registered with the Securities and Exchange Commission but operates under the statutory authority of Wisconsin Chapter 25. The SIF reports the fair value of its underlying assets annually and carries investments at amortized cost for purposes of calculating income to participants. At December 31, 2025, the fair value of the Village’s share of the LGIP’s assets was substantially equal to the amount reported in these statements. Page 33 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 29 - Note C - Cash and Investments (continued) In accordance with certain contractual provisions, investment income associated with LGIP is assigned to the corresponding fund in which the assets are held. Participants in LGIP have the right to withdraw their funds in total on one day’s notice. The LGIP does not include any involuntary participants. A separate financial report for SIF is prepared in accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools. Copies of the report can be obtained from HTTP://www.doa.state.wi.us/Division/Budget-and-Financial/LGIP. The Village has investments with Ehlers Investment Partners, through Pershing Advisors LLC consisting money market funds, US Treasury funds, municipal bonds and certificates of deposit. Ehlers has no minimum investment period. Ehlers is the joint marketing name of the following affiliated businesses (collectively, the “Affiliates”): Ehlers & Associates, Inc. (“EA”), a municipal advisor registered with the Municipal Securities Rulemaking Board (“MSRB”) and the Securities and Exchange Commission (“SEC”); Ehlers Investment Partners, LLC (“EIP”), an SEC registered investment adviser; and Bond Trust Services Corporation (“BTS”), holder of a limited banking charter issued by the State of Minnesota. BNY Pershing is a member of the Securities Investor Protection Corporation (“SIPC”) Coverage. Securities are insured up to $500,000. In addition to the SIPC protection, BNY Pershing provides coverage in excess of SIPC limits from certain underwriters in Lloyd’s insurance market and other commercial insurers. The excess of SIPC coverage is valid through February 10, 2026 for Pershing LLC accounts. It provides the following protection for Pershing LLC’s global client assets:  An aggregate loss limit of $1 billion for eligible securities – in total for all client accounts custodied at BNY Pershing  A per-client loss limit of $1.9 million for cash awaiting reinvestment – within the aggregate loss limit of $1 billion. SIPC and the excess of SIPC coverage do not protect against loss due to market fluctuation. An excess of SIPC claim would only arise if BNY Pershing failed financially and client assets for covered accounts, as defined by SIPC, cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules. The Village has adopted an investment policy which permits all investments allowed under the state statutes. Custodial Risk Custodial risk is the risk that, in the event of a financial institution failure, the Village’s deposits may not be returned to the Village. The Village’s carrying value for cash and investments was $28,314,083 at December 31, 2025, and the bank’s carrying value was $28,344,300, of which $4,900,000 was fully insured, $18,731,862 was collateralized by pledges, and $4,712,438 was uninsured and uncollateralized. The Village has policies to minimize custodial risk, which is the risk that in the event of a financial institution failure, the Village’s deposits may not be returned to it, by:  Maintaining a list of financial institutions, public depositories and broker/dealers authorized by resolution to provide deposit and investment services.  All financial institutions, public depositories and broker/dealers authorized by resolution to provide deposit and investment services must supply as appropriate audited financial statements demonstrating compliance with state and federal capital adequacy guidelines. Page 34 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 30 - Note C - Cash and Investments (continued) Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment the greater the sensitivity of its fair value to changes in market interest rates. As a means of limiting its exposure to fair value losses arising from rising interest rates, the Village’s investment policy limits the maturity of any security in accordance with state statutes and structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity. Information regarding the exposure of the Village’s investments to this risk using the segmented time distribution model is as follows: Investment Maturities in YearsType of Investment Fair Value Less than 1 Year 1-5 YearsPershing-Ehlers InvestmentsMutual Funds 267,791$ -$ 267,791$ Municipal Bonds 467,904 - 467,904 Government Bonds/Securities 1,622,848 1,622,848 - Certificates of deposit 230,246 230,246 - 2,588,789$ 1,853,094$ 735,695$ Credit Risk Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligation to the holder of the investment. This is measured by assignment of a rating by a nationally recognized rating organization. U.S. Government Securities or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk exposure. The Village has policies to minimize credit risk, which is the risk of loss due to the failure of the security issuer or backer, by:  Limiting investments to the types of securities listed in the policy resolution.  The Village Board shall by resolution each year approve the public depositories within the Village that are deemed appropriate for use under the state and federal law.  Diversifying the investment portfolio so that the impact of potential losses from any one type of security or from any one individual issuer will be minimized.  Maintain balances with its banking financial institutions that do not exceed the combined amount of 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. Page 35 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 31 - Note C - Cash and Investments (continued) Fair Value Measurements of 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 assets and is described as follows: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities that a government can access at the measurement date. Level 2 Significant inputs other than quoted prices included within Level 1 that are observable for an asset or liability, either directly or indirectly. Level 3 Significant unobservable inputs for an asset or liability. Exempt fromLevel 1Level 2Level 3DisclosureTotalLGIP- - - 4,460,321 4,460,321 Mutual Funds267,791 - - - 267,791 Municipal Bonds467,904 - - - 467,904 US Government Bonds/Securities1,622,849 - - - 1,622,849 Certificates of deposit- - - 230,426 230,426 2,358,544$ -$ -$ 4,690,747$ 7,049,291$ Certificates of deposit are exempt from disclosure due to investments being valued at cost plus accrued interest. The Village also has investments in the Local Government Investment Pool (“LGIP”), which is valued at amortized cost and is exempt from fair value disclosure. Note D - Receivables Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Property taxes levied for the subsequent year are not available and cannot be used to liquidate liabilities of the current period. Special assessments are not available and cannot be used to liquidate liabilities in the current period. Governmental funds also report deferred inflows of resources in connection with resources that have been received, but not yet earned. A provision for uncollectable accounts has been provided for rescue squad receivables as the Village has determined that some accounts will not be collected. The receivable and allowance at year end for these rescue squad services were $355,277 and ($283,229), respectively. A provision for uncollectable accounts has not been provided in the customer accounts receivable of the Water and Sewer utilities as the Village has the statutory authority to collect all delinquent utility bills from the property tax roll. At the end of the current fiscal year, the various components of deferred inflows of resources reported in the governmental funds were as follows: DescriptionUnearned property taxes 7,517,910$ Deferred special assessments 322,636 Total Deferred / Unearned Revenue for Governmental Funds7,840,546$ Page 36 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 32 - Note E - Capital Assets Governmental Activities Governmental capital asset activity for the year ended December 31, 2025 was as follows: Balance BalanceGovernmental 1/1/2025 Additions Transfers PPA Disposals 12/31/2025Activities:Capital assets notbeing depreciated:Land 2,259,704$ -$ -$ -$ -$ 2,259,704$ Construction in process 4,366,119 1,666,848 (4,338,500) - - 1,694,467 Total capital assets notbeing depreciated6,625,823 1,666,848 (4,338,500) - - 3,954,171 Capital assets being depreciated:Buildingand improvements 18,200,390 1,792,628 4,281,053 - 65,641 24,208,430 Machineryand Equipment 6,313,912 184,155 - 518,232 - 7,016,299 Capital leases 321,169 63,320 - - - 384,489 Infrastructure 41,048,240 921,012 57,447 - - 42,026,699 Total capital assetsbeing depreciated:65,883,711 2,961,115 4,338,500 518,232 65,641 73,635,917 Less: accum. depreciation 14,865,761 1,998,508 - 518,232 65,641 17,316,860 Less: accum. amortization 105,813 85,555 - - - 191,368 Total accumulated 14,971,574 2,084,063 - 518,232 65,641 17,508,228 Net capital assetsbeing depreciated:50,912,137 877,052$ 4,338,500$ -$ -$ 56,127,689 Net governmental activitiescapital assets57,537,960$ 60,081,860$ Depreciation expense was charged to governmental activities of the Village as follows: General government99,420$ Public safety641,761 Public works (includes depreciation on infrastructure)1,128,642 Culture and recreation214,240 Total governmental activities depreciation expense2,084,063$ During 2025 the Village added capital assets with a historical cost of $518,232 to its capital asset records within machinery and equipment. These assets were purchased in prior years but were not previously included in the capital asset records. The assets were fully depreciated in the year of addition because their estimated useful lives had expired as of the date they were recorded. The addition increased both historical cost and accumulated depreciation by $518,232. Accordingly, these assets had no net effect on capital assets, net of accumulated depreciation, net investment in capital assets, or net position for the fiscal year ended December 31, 2025. Page 37 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 33 - Note E - Capital Assets (continued) The capital asset activity presented in this note includes the current-year addition of these assets in accordance with the capital asset disclosure framework in GASB Statement No. 34, paragraphs 116– 117, which requires capital asset disclosures by major class, including beginning and ending balances, capital acquisitions, dispositions, and current-period depreciation, with accumulated depreciation presented separately from historical cost. Fully depreciated capital assets remain reported until disposal; therefore, the historical cost and accumulated depreciation of these assets are included in the capital asset balances even though the assets have no net book value. Business-type Activities Capital asset activity in the business type activities for the year ended December 31, 2025 was as follows: Balance BalanceWater Utility 1/1/2025 Additions Transfers Disposals 12/31/2025Capital assets not being depreciated:Land 352,219$ -$ -$ -$ 352,219$ Construction in process 19,080 474,902 - - 493,982 Total capital assetsnot being depreciated371,299 474,902 - - 846,201 Capital assets being depreciated:Infrastructure 28,021,279 664,299 - (110,335) 28,575,243 Less: accumulated depreciation(8,572,759) (613,157) - 110,335 (9,075,581) Net capital assets being depreciated19,448,520 51,142$ -$ -$ 19,499,662 Net water utility capital assets19,819,819$ 20,345,863$ Balance BalanceSewer Utility 1/1/2025 Additions Transfers Disposals 12/31/2025Capital assets not being depreciated:Land 32,500$ -$ -$ -$ 32,500$ Construction in process 2,886,982 3,005,446 (5,166,205) - 726,223 Total capital assetsnot being depreciated2,919,482 3,005,446 (5,166,205) - 758,723 Capital assets being depreciated:Infrastructure 37,660,751 732,117 5,166,205 (52,865) 43,506,208 Less: accumulated depreciation(20,576,595) (1,082,459) - 52,865 (21,606,189) Net capital assets being depreciated17,084,156 (350,342)$ 5,166,205$ -$ 21,900,019 Net sewer utility capital assets20,003,638$ 22,658,742$ Depreciation expense was charged to business-type activities of the Village as follows: Water Utility613,157$ Sewer Utility1,082,459 Total business-type activities depreciation expense1,695,616$ Depreciation expense may differ from business-type activity accumulated depreciation additions due to joint metering costs, salvage and costs associated with disposal of assets. Page 38 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 34 - Note F - Inter-fund Receivables, Payables and Transfers During the course of operations, transactions occur between individual funds that may result in amounts owed between funds. Short-term interfund loans are reported as “due to and from other funds”. Long-term interfund loans (non-current portion) are reported as “advances from and to other funds”. Interfund receivables and payables between funds within governmental activities are eliminated on the statement of net position. Advances from and to other funds consist of the following at December 31, 2025: Receivable Fund Payable Fund Amount PurposeGeneral capital projects Water utility 470,000$ 2025 bond proceedsGeneral capital projects Sewer utility 510,000 2025 bond proceedsGeneral capital projects TID No. 7 300,000 2025 bond proceedsGeneral fund TID No. 7 572,248 To fund negative balance1,852,248$ Advances will be repaid with future tax increment, future borrowings and fund transfers. Due to and from other funds consist of the following at December 31, 2025: Receivable Fund Payable Fund AmountNone in cy -$ Interfund transfers consist of the following at December 31, 2025: Transferred From Transferred To Amount PurposeFire and EMS Debt service 71,454$ Debt paymentsTID No. 7 Debt service 128,565 Debt paymentsTID No. 6 Debt service 309,910 Debt paymentsGeneral fund Recreation fund 264,508 Village contribution to recreationGeneral fund Fire and EMS 653,341 Fund Village portion of Fire & EMSCapital projects TID No. 4 114,019 Debt paymentsTID No. 4 TID No. 7 796,592 Transfer of tax increment2,338,389$ Note G - Long-term Obligations General Obligation Debt General obligation notes and bonds payable are backed by the full faith and credit of the Village. Governmental funds general obligation debt will be retired by future property tax levies and tax increments accumulated in the Debt Service Fund. Business-type activities general obligation debt will be retired by revenues from user fees or, if the revenues are not sufficient to cover debt, by future tax levies. Page 39 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 35 - Note G - Long-term Obligations (continued) Water and Sewer Revenue Bonds During the year ended December 31, 2023, the Village issued $5,250,000 in water and sewer revenue bonds. Proceeds from the bonds provided financing for capital projects within the water and sewer utilities. These bonds carry interest rates ranging from 4.00% to 5.00% and mature on May 1, 2043. There were no principal and interest payments due on these bonds during 2023. Business-type activities revenue bonds are payable solely from revenues derived from the operation of the water and sewer utilities of the Village. By Board resolution, the utilities have pledged future water and sewer revenues to repay revenue bonds. The Village covenants to maintain the utility systems in reasonably good condition and operate the utility system and to establish, charge and collect such lawfully established rates and charges for the services provided by the utility system so that net revenues will be at least 1.25 times the amount of principal and interest coming due on all outstanding bonds payable from the net revenues of the utility system each year. The Village has met this requirement. A reserve requirement was established equal to the least of (a) 10% of the stated principal amount of the bonds; (b) the maximum annual debt service on the bonds in a bonds year; and (c) 125% of average annual debt service on the bonds in a bond year; provided, however, that on an ongoing basis it shall never exceed the remaining maximum annual principal and interest due on the outstanding bonds in any bond year. The Village has met this requirement. During the year ended December 31, 2024, the Village entered into an agreement for a Clean Water Fund Loan. The Village has been approved for a maximum loan amount of $5,709,010. Total disbursements from the loan during 2024 were $2,238,193 and during 2025 were $2,904,994 for a total of $5,143,187. The project was completed during 2025 and the full amount of the loan drawn. The interest rate on this loan is 2.31% with a final maturity date of 05/01/2044. Developer Agreement Obligations The Village has entered into various agreements with developers. The Village is obligated to pay various amounts to developers if certain conditions of the developer agreements are fulfilled that contribute to economic development or otherwise benefit the Village or the citizens of the Village. As of December 31, 2025, the Village was obligated under agreements for a total of $4,141,747. These amounts will be paid out over various time periods. A portion of the annual tax increments levied for TID #5, TID #6 and TID #7 are being used to fund these payments. Developer Deposits The Village has received deposits from two developers for infrastructure advancement in new housing developments. As of December 31, 2025, the Village held deposits totaling $85,306 for the Morning Meadows Phase 3 project, and the Maple Fields Phase 1 project. These amounts will be repaid over various time periods as work on the projects progresses. Compensated Absences Estimated payments of compensated absences are not included in the debt service requirement schedules. The compensated absences liability attributable to governmental activities will be liquidated primarily by the general fund. Page 40 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 36 - Note G - Long-term Obligations (continued) Outstanding debt and other long-term obligations were comprised of the following at December 31, 2025: AmountsBeginning Ending Due WithinBalance Additions Reductions Balance One YearGovernmental ActivitiesGeneral obligation debt:General obligation notes 7,878,734$ 3,815,000$ 427,764$ 11,265,970$ 454,832$ General obligation bonds 15,956,000 - 917,000 15,039,000 939,000 Direct borrowingsState trust fund loans 293,852 - 113,928 179,924 117,348 Capital leases175,905 49,977 60,865 165,017 47,781 Total general obligation debt24,304,491 3,864,977 1,519,557 26,649,911 1,558,961 Other liabilities:Developer agreements 2,464,495$ 2,307,248$ 629,996$ 4,141,747$ 717,931$ Premium on debt issuance 825,050 57,941 52,929 830,062 52,928 Compensated absences 348,210 - 21,485 326,725 - Total other liabilities3,637,755 2,365,189 704,410 5,298,534 770,859 term obligations27,942,246$ 6,230,166$ 2,223,967$ 31,948,445$ 2,329,820$ Business-type ActivitiesOther liabilities:Water and sewer revenue bonds 7,218,193$ 2,904,994$ 270,000$ 9,853,187$ 488,867$ Premium on revenue bond issuance 216,561 - 12,031 204,530 12,031 Compensated absences 82,378 - 28,978 53,400 - Total business-type activities:7,517,132$ 2,904,994$ 311,009$ 10,111,117$ 500,898$ Total Long-Term Obligations35,459,378$ 9,135,160$ 2,534,976$ 42,059,562$ 2,830,718$ The amount of compensated absence liability that is due within one year has not been determined. Page 41 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 37 - Note G - Long-term Obligations (continued) General obligation debt for governmental activities of the Village currently outstanding is as follows: Date of Final Interest Original BalanceGovernmental Activities Issue Maturity Rates Principal 12/31/2025G.O. Promissory Note 4/10/2018 5/1/2028 3.25% 600,000 200,970 G.O. Taxable Promissory Note 6/27/2019 6/1/2028 2.65% - 3.00% 1,020,000 555,000 G.O. Promissory Note 12/30/2019 6/1/2029 1.35% - 2.00% 2,005,000 1,000,000 G.O. Refunding Bond 12/9/2014 6/1/2028 0.40% - 3.55% 3,025,000 649,000 G.O. Community Dev Bond 6/27/2019 6/1/2039 3.00% 1,235,000 1,175,000 G.O. Bond 12/30/2019 6/1/2039 2.00% - 3.00% 6,350,000 5,300,000 State Trust Fund Loan 3/21/2017 3/15/2027 3.00% 550,000 123,327 State Trust Fund Loan 11/28/2016 3/15/2026 3.00% 450,000 56,597 G.O. Bond 2/25/2021 6/1/2030 1.00% - 3.00% 8,030,000 6,500,000 G.O. Bond 2/1/2023 6/1/2039 4.20%-5.00% 1,465,000 1,415,000 G.O Promissory Note 6/28/2024 12/1/2044 4.00%-5.00% 5,695,000 5,695,000 G.O Promissory Note 4/8/2025 5/1/2045 4.00%-5.00% 3,815,000 3,815,000 Total general obligation debt - governmental activities26,484,894$ General obligation debt for business-type activities of the Village currently outstanding is as follows: Date of Final Interest Original BalanceBusiness Activities Issue Maturity Rates Principal 12/31/2025Water and sewer revenue bond 7/6/2023 5/1/2043 4.00%-5.00% 5,250,000 4,710,000 Clean Water Fund Loan 7/110/24 5/1/2024 2.31% 2,238,193 5,143,187 Total general obligation debt - business activities9,853,187$ The annual debt service requirements to maturity for general obligation long-term debt for governmental activities as of December 31, 2025, are as follows: Year EndingDecember 31,Principal Interest Principal Interest Principal Interest Principal Interest2026 454,832$ 537,955$ 939,000$ 353,468$ 117,348$ 5,398$ 1,511,180$ 896,821$ 2027 661,967 437,978 961,000 323,868 62,576 1,877 1,685,543 763,723 2028 694,171 417,681 984,000 293,291 - - 1,678,171 710,972 2029 615,000 394,850 930,000 263,215 - - 1,545,000 658,065 2030 390,000 373,850 980,000 235,165 - - 1,370,000 609,015 2031-2035 2,160,000 1,559,600 5,325,000 842,555 - - 7,485,000 2,402,155 2036-2040 2,655,000 1,037,768 4,920,000 245,702 - - 7,575,000 1,283,470 2041-2045 3,635,000 345,644 - - - - 3,635,000 345,644 11,265,970$ 5,105,326$ 15,039,000$ 2,557,264$ 179,924$ 7,275$ 26,484,894$ 7,669,865$ G.O. Notes G.O. Bonds STF Loans TotalsGovernmental Activities Page 42 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 38 - Note G - Long-term Obligations (continued) Year Ending TotalsDecember 31, Principal Interest Principal Interest Principal Interest2026 270,000$ 200,150$ 218,687$ 115,541$ 488,687$ 315,691$ 2027 270,000 186,650 223,739 111,172 493,739 297,822 2028 270,000 173,150 228,908 105,944 498,908 279,094 2029 260,000 159,900 234,195 100,595 494,195 260,495 2030 260,000 146,900 239,605 95,123 499,605 242,023 2031-2035 1,300,000 551,200 1,283,651 388,998 2,583,651 940,198 2036-2040 1,300,000 286,000 1,438,922 231,933 2,738,922 517,933 2041-2045 780,000 46,800 1,275,480 59,768 2,055,480 106,568 4,710,000$ 1,750,750$ 5,143,187$ 1,209,074$ 9,853,187$ 2,959,824$ Business-type ActivitiesRevenue Bonds Clean Water Fund Leases The Village entered into several lease agreements for police and an administrative vehicle during the year ended December 31, 2025. Future minimum required payments under these contracts are as follows: Years Ending Principal InterestDecember 31, Payment Payment2026 47,781$ 12,399$ 2027 33,654 8,172 2028 23,784 5,009 2029 59,798 662 165,017$ 26,242$ Leased vehicles are expected to have a residual value at the end of the lease period, which is included in the principal payment schedule in the final year of the lease agreement. Debt premiums are deferred and amortized using the straight-line method over the life of the debt issuance in the government-wide statements. The unamortized debt premiums are reported in the liability section. Activity for the year ended December 31, 2025 is summarized as follows: Balance BalanceBeginning Additions Amortization EndingGovernmental activities 825,050$ 57,941$ (52,929)$ 830,062$ Balance BalanceBeginning Additions Amortization EndingBusiness Activities 216,561$ -$ (12,031)$ 204,530$ Page 43 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 39 - Note G - Long-term Obligations (continued) Margin of Indebtedness 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 - 20251,431,604,400$ Debt limit (5% of $1,431,604,400)71,580,220 Deduct general obligation debt(26,484,894) Margin of indebtedness45,095,326$ Other Debt Information Estimated payments of compensated absences are not included in the debt service requirement schedules. The compensated absence liability attributable to governmental activities will be liquidated primarily by the general fund. Subsequent Debt Issuances Subsequent to year-end, the Village issued $2,500,000 in General Obligation Promissory Notes, Series 2026A for the purpose of funding capital projects and TID #7 projects. Interest on these notes varies between 3.00% and 5.00%. Final payment will be May 1, 2046. Subsequent to year-end, the Village issued $1,415,000 in Water and Sewer System Revenue Bonds, Series 2026B for the purpose of funding water and sewer capital projects. Interest on these notes varies between 3.00% and 5.00%. Final payment will be May 1, 2046. Note H - Lease Income The Village has entered into various lease agreements with telecommunications companies, wherein the Village has agreed to allow the use of Village property for the purpose of telecommunications relays. Payments received on these leases totaled $69,779 for the year ended December 31, 2025. Future minimum lease payments receivable in conjunction with these leases are as follows: Year Amount2026 72,707$ 2027 72,707 2028 72,707 2029 80,806 2030 80,806 2031-2035 319,730 2036-2040 191,348 2041-2045 38,979 Expected future lease receipts929,790$ Page 44 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 40 - Note I - Net Position and Fund Balances Governmental ActivitiesGovernmental net position at December 31, 2025 consists of the following:Net investment in capital assets:Land 2,259,704$ Construction in process 1,694,467 Other capital assets, net of accumulated depreciation 55,849,013 Leased asset, net of accumulated amortization 278,676 Less: Related long-term debt (26,649,911) Less: Premium on issuance (830,062) Plus: Unspent proceeds on long-term debt 2,526,671 35,128,558$ Restricted for:Debt service 846,110 Capital projects 3,145,583 Police K-9 program 20,834 TID #4 5,700 TID #5 22,669 TID #7 18,395 WRS Pension 717,370 4,776,661 Unrestricted764,847 Total Governmental Activities Net Position40,670,066$ Business-type ActivitiesNet investment in capital assets:Land 384,719$ Construction in process 1,220,205 Capital assets, net of accumulated depreciation 41,529,919 Less: Related long-term debt (9,853,187) Less: Unamortized premium on debt (204,530) Plus: Unspent proceeds on long-term debt 834,696 33,911,822$ Restricted for:Capital projects 3,378,755 Equipment replacement 1,208,696 WRS pension 97,823 4,685,274 Unrestricted332,432 Total Business-type Activities Net Position 38,929,528$ Page 45 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 41 - Note I - Net Position and Fund Balances (continued) Governmental Fund Financial StatementsNonspendable:Prepaid expenditures 116,461$ Advances 1,852,248 1,968,709$ Restricted:Debt service fund 846,110 Capital projects 3,145,583 Police K-9 program 20,834 TID #4 5,700 TID #5 22,669 TID #7 18,395 4,059,291 Assigned:Fire/EMS fund 1,309,682 Recreation fund 98,067 Hotel/Motel tax fund 46,418 Park fund 433,329 1,887,496 Unassigned:3,947,416 Total governmental funds - Fund balance11,862,912$ Note J – Change in Accounting Principle In June 2022, The GASB issued Statement No. 101, Compensated Absences, which is effective for fiscal years beginning after December 15, 2023. This Statement establishes standards of accounting and financial reporting for (a) compensated absences and (b) associated salary-related payments, including certain defined contribution pensions and defined contribution other postemployment benefits (OPEB). The requirements of this statement apply to financial statements of all state and local governments. A compensated absence is a leave for which employees may receive one or more a) cash payments when the leave is used for time off; b) other cash payments, such as payment for unused leave upon termination of employment; c) noncash settlements such as conversion of defined benefit postemployment benefits. The payment or settlement could occur during employment of upon termination of employment. Compensated absences generally do not have a set payment schedule. In December 2023, the GASB issued Statement No. 102, Certain Risk Disclosures, which is effective for fiscal year beginning after June 15, 2024. This statement requires a government to assess whether a concentration or constraint makes the primary government reporting unit or other reporting units that report a liability for revenue debt vulnerable to the risk of a substantial impact. Additionally, this statement requires a government to assess whether an event or events associated with a concentration or constraint that could cause the substantial impact to have occurred, have begun to occur, or are more likely than not to occur begin to occur within 12 months of the date of the financial statements were issued. Page 46 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 42 - Note K - WRS Pension Plan Plan Description. The 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 only 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 http://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. 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. Page 47 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 43 - Note K - WRS Pension Plan (continued) Post-Retirement Adjustments (continued) The Core and Variable annuity adjustments granted during recent years are as follows: Year Core Fund Adjustment (%) Variable Fund Adjustment (%) 2015 2.9 2.0 2016 0.5 (5.0) 2017 2.0 4.0 2018 2.4 17.0 2019 0.0 (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 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 $393,889 in contributions from the employer. Contribution rates as of December 31, 2025 are: Pension Liabilities (Assets), Pension Expense (Revenue), and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions. At December 31, 2025, the Village reported a liability of $414,222 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 0.02520884%, which was an increase of 0.00151563% from its proportion measured as of December 31, 2023. Employee Category Employee EmployerGeneral (including teachers, executives, and elected officials 6.95% 6.95%Protective with Social Security 6.95% 13.90%Protective without Social Security 6.95% 21.96% Page 48 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 44 - Note K - WRS Pension Plan (continued) Pension Liabilities (Assets), Pension Expense (Revenue), and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions (continued). For the year ended December 31, 2025, the Village recognized pension expense (revenue) of $522,829. At December 31, 2025, the Village reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Differences between expected and actual experience 1,286,387$ 1,208,801$ Net differences between projected and actual earnings on pension plan investments 629,435 - Changes in assumptions 122,907 - Changes in proportion and differences between employer contributions and proportionate share of contributions - 20,246 Employer contributions subsequent to the measurement date 419,733 - 2,458,462$ 1,229,047$ The amount of $419,733 reported as deferred outflows related to pension resulting from the Village’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability (asset) in the year ended December 31, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pension will be recognized in pension expense as follows: Year Ended Deferred Outflow Deferred InflowDecember 31,of Resources of Resources2025 2,144,525$ 1,905,030$ 2026 1,749,014 896,482 2027 261,755 476,915 2028 96,097 163,283 Page 49 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 45 - Note K - WRS Pension Plan (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, 2023Measurement Date of Net Pension Liability December 31, 2024Experience Study:January 1, 2021 - December 31, 2023 Published November 19, 2024Actuarial Cost Method: Entry Age NormalAsset Valuation Method: Fair ValueLong-term Expected Rate of Return: 6.80%Discount Rate: 6.80%Salary Increases: Wage Inflation 3.00%Seniority/Merit 0.1% - 5.6%Mortality:2020 WRS Experience Mortality TablePost-retirement Adjustments* 1.7% *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. 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. 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. Page 50 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 46 - Note K - WRS Pension Plan (continued) Long-term Expected Return on Plan Assets (continued). The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table: Asset Allocation Targets and Expected Returns1 As of December 31, 2024 Core Fund Asset Class Asset Allocation % Long-Term Expected Nominal Rate of Return % Long-Term Expected Real Rate of Return %2 Public Equity 38 7.0 4.3 Public Fixed Income 27 6.1 3.4 Private Equity/Debt 20 9.5 6.7 Inflation Sensitive 19 4.8 2.1 Real Estate 8 6.5 3.8 Leverage3 (12) 3.7 1.1 Total Core Fund 100 7.5 4.8 Variable Fund Asset U.S. Equities 70 6.5 3.8 International Equities 30 7.4 4.7 Total Variable Fund 100 6.9 4.2 2New England Pension Consultants Long Term US CPI (Inflation) Forecast: 2.6% 1Asset Allocations are managed within established ranges; target percentages may differ from actual monthly allocations 3The investment policy used for the Core Fund involves reducing equity exposure by leveraging lower-volatility assets, such as fixed income securities. This results in an asset allocation beyond 100%. Currently, an asset allocation target of 12% policy leverage is used, subject to an allowable range of up to 20%. Single Discount rate. A single discount rate of 6.80% was used to measure the total pension liability for the current and prior year. This single discount rate is based on the expected rate of return on pension plan investments of 6.80% and a municipal bond rate of 3.77%. (Source: Fixed-income municipal bonds with 20 years to maturity that include only federally tax-exempt municipal bonds as reported in Fidelity Index’s “20-year Municipal GO AA Index” as of December 31, 2024. In describing this index, Fidelity notes that the Municipal Curves are constructed using option-adjusted analytics of a diverse population of over 10,000 tax-exempt securities.) Because of the unique structure of WRS, the 6.80% 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. Page 51 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 47 - Note K - WRS Pension Plan (continued) Sensitivity of the Village’s proportionate share of the net pension liability (asset) to changes in the discount rate. The following presents the Village’s proportionate share of the net pension liability (asset) calculated using the discount rate of 6.80 percent, as well as what the Village’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.80 percent) or 1-percentage-point higher (7.80 percent) than the current rate: 1% Decrease toCurrent1% Increase toDiscount RateDiscountDiscount Rate(5.80%)Rate (6.80%)(7.80%)3,885,952$ 414,222$ (2,052,341)$ Village's proportionate share of the net pension liability (asset) 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/about- etf/reports-and-studies/financial-reports-and-statements Payables to the Pension Plan. The Village reported a payable of $85,165 for the outstanding amount of contributions to the pension plan for the year ended December 31, 2025. Note L - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) Plan description. The LRLIF is a multiple-employer defined benefit OPEB plan. LRLIF benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. The Wisconsin Department of Employee Trust Funds (“ETF”) and the Group Insurance Board have statutory authority for program administration and oversight. The plan provides post-employment life insurance benefits for all eligible members. OPEB Plan Fiduciary Net Position. 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 Retiree Life Insurance Financial Report, which can also be found using the link above. Benefits provided. The LRLIF plan provides fully paid up life insurance benefits for post-age 64 retired members and pre-65 retirees who pay for their coverage. Contributions. The Group Insurance Board approves contribution rates annually, based on recommendations from the insurance carrier. Recommended rates are based on an annual valuation, taking into consideration an estimate of the present value of future benefits and the present value of future contributions. A portion of employer contributions made during a member’s working lifetime funds a post-retirement benefit. Employers are required to pay the following contributions based on employee contributions for active members to provide them with Basic Coverage after age 65. There are no employer contributions required for pre-age 65 annuitant coverage. If a member retires prior to age 65, they must continue paying the employee premiums until age 65 in order to be eligible for the benefit after age 65. Page 52 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 48 - Note L - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) - (continued) Contributions (continued) Contribution rates as of December 31, 2024 are: Coverage Type Employer Contribution 50% Post Retirement Coverage 40% of employee contribution 25% Post Retirement Coverage 20% of employee contribution Member contributions are based upon nine age bands through age 69 and an additional eight age bands for those age 70 and over. Participating employees must pay monthly contribution rates per $1,000 of coverage until the age of 65 (age 70 if active). The employee contribution rates in effect for the year ended December 31, 2024 are as listed below: Life Insurance Employee Contribution Rates* For the year ended December 31, 2024 Attained Age Basic Supplemental Under 30 $0.05 $0.05 30-34 0.06 0.06 35-39 0.07 0.07 40-44 0.08 0.08 45-49 0.12 0.12 50-54 0.22 0.22 55-59 0.39 0.39 60-64 0.49 0.49 65-69 0.57 0.57 *Disabled members under age 70 receive a waiver-of-premium benefit. During the reporting period, the LRLIF recognized $1,169 in contributions from the employer. OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEBs At December 31, 2025, the Village reported a liability of $217,580 for its proportionate share of the net OPEB liability. The net OPEB liability was measured as of December 31, 2024, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of January 1, 2024 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 OPEB liability was based on the Village’s share of contributions to the OPEB plan relative to the contributions of all participating employers. At December 31 2024, the Village’s proportion was 0.05561500%, which was an increase of 0.003278% from its proportion measured as of December 31, 2023. For the year ended December 31, 2025, the Village recognized OPEB expense of $16,341. Page 53 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 49 - Note L - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) - (continued) OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEBs (continued) At December 31, 2025, the Village’s reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred DeferredOutflows Inflowsof Resources of ResourcesDifferences between expected and actual experience -$ 22,636$ Net differences between projected and actualearnings on OPEB plan investments 2,987 - Changes in assumptions 53,387 122,038 Changes in proportion and differences between employercontributions and proportionate share of contributions 42,027 17,929 Employer contributions subsequent to measurement date 1,103 - 99,504$ 162,603$ The amount of $1,103 reported as deferred outflows related to OPEB resulting from the Village’s contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the year ended December 31, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Year Ended Deferred Outflow Deferred InflowDecember 31, of Resources of Resources2025 36,678$ 40,161$ 2026 24,236 38,594 2027 13,981 37,318 2028 12,571 29,194 2029 8,795 9,891 2030 2,140 7,445 Page 54 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 50 - Note L - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) - (continued) Actuarial assumptions. The total OPEB liability in the January 1, 2024, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Actuarial Valuation Date: January 1, 2024 Measurement Date of Net OPEB Liability (Asset) December 31, 2024 Experience Study: January 1, 2021 – December 31, 2023, Published November 19, 2024 Actuarial Cost Method: Entry Age Normal 20 Year Tax-Exempt Municipal Bond Yield*: 4.08% Long-term Expected Rated of Return: 4.25% Discount Rate: 4.09% Salary Increases Wage Inflation: Seniority/Merit: 3.00% 0.1% - 5.7% Mortality: 2020 WRS Experience Mortality Table * Based on the Bond Buyer GO 20-Bond Municipal index. 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. The Total OPEB Liability for December 31, 2024 is based upon a roll-forward of the liability calculated from the January 1, 2024 actuarial valuation. Long-term expected Return on Plan Assets. The long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. Investments for the LRLIF are held with Securian, the insurance carrier. Interest is calculated and credited to the LRLIF based on the rate of return for a segment of the insurance carriers’ general fund, specifically 10-year A- Bonds (as a proxy, and not tied to any specific investments). The overall aggregate interest rate is calculated using a tiered approach based on the year the funds were originally invested and the rate of return for that year. Investment interest is credited based on the aggregate rate of return and assets are not adjusted to fair market value. Furthermore, the insurance carrier guarantees the principal amounts of the reserves, including all interest previously credited thereto. Page 55 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 51 - Note L - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) - (continued) Long-term expected Return on Plan Assets (continued). Local OPEB Life Insurance Asset Allocation Targets and Expected Returns As of December 31, 2024 Asset Class Index Target Allocation Long-Term Expected Geometric Real Rate of Return US Intermediate Credit Bonds Bloomberg US Interm Credit 40% 2.41% US Mortgages Bloomberg US MBS 60% 2.71% Inflation 2.30% Long-Term Expected Rate of Return 4.25% Single Discount Rate. A single discount rate of 4.09% was used to measure the Total OPEB Liability for the current year, as opposed to a discount rate of 3.32% for the prior year. The change in the discount rate was primarily caused by the increase in the municipal bond rate from 3.26% as of December 31, 2023 to 4.08% as of December 31, 2024. The Plan’s fiduciary net position was projected to be insufficient to make all projected future benefit payments of current active and inactive members. Therefore, the discount rate for calculating the Total OPEB Liability is equal to the single equivalent rate that results in the same actuarial present value as the long-term expected rate of return applied to benefit payments, to the extent that the plan’s fiduciary net position is projected to be sufficient to make projected benefit payments, and the municipal bond rate applied to benefit payment to the extent that the plan’s fiduciary net position is projected to be insufficient. The plan’s fiduciary net position was projected to be available to make projected future benefit payments of current plan members through December 31, 2037. The projection of cash flows used to determine the single discount rate assumed that employer contributions will be made according to the current employer contribution schedule and that contributions are made by plan members retiring prior to age 65. Sensitivity of the Village’s proportionate share of the net OPEB liability to changes in the discount rate. The following presents the Village’s proportionate share of the net OPEB liability calculated using the discount rate of 4.09 percent, as well as what the Village’s proportionate share of the net OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (3.09 percent) or 1-percentage-point higher (5.09 percent) than the current rate: 1% Decrease to Current 1% Increase toDiscount Rate Discount Discount Rate(3.09%) Rate (4.09%) (5.09%)290,826$ 217,581$ 161,137$ Village's proportionate share of the OPEB liability Page 56 of 166 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025 (CONTINUED) - 52 - Note N – Joint Agreements The Village of Jackson, Town of Jackson, and the Town of Polk have a joint agreement for Fire and EMS services. These activities are accounted for in the Fire and EMS Special Revenue Fund. The cost of this fund is shared by the municipalities based on proportionate share of equalized values and other factors. The cost of operations to the Village for the year ended December 31, 2025 was $434,171. Note O - Litigation and Contingencies From time to time, the Village is party to various pending claims and legal proceedings. Although the outcome of such matters cannot be forecasted with certainty, it is the opinion of management and the Village attorney that the likelihood is remote that any such claims or proceedings will have a material adverse effect on the Village’s financial position or result of operations. Note P - Subsequent Events Management has evaluated the need for disclosure or recording of transactions resulting from subsequent events through (July 13, 2026) the date the financial statements were available to be issued.  Subsequent to year-end, the Village issued new debt. See Note G for additional information. Note Q - Effect of New Accounting Standards on Financial Statements The Government Accounting Standards Board (GASB) has approved the following:  Statement No. 103, Financial Reporting Model Improvements  Statement No. 104, Disclosures of Certain Capital Items When they become effective, application of these standards may restate portions of these financial statements. Note R – Prior Period Adjustment due to Change Within Financial Reporting Entity The Village made a change to report activity of the TID #7 fund and the Fire and EMS Fund from nonmajor funds to a major funds and the TID #4 Fund from a major fund to a nonmajor fund. These changes represent changes within the reporting entity, affecting the beginning fund balance of the governmental funds. Changes to beginning fund balance are as follows: Major to Nonmajor NonmajorNonmajor to Major to MajorBeginning TID #4 TID #7 Fire and RestatedBalance Fund Fund EMS Fund BalanceMajor Funds 9,743,945$ (346,793)$ (597,594)$ 976,733$ 9,776,291$ Nonmajor Funds - Special Revenue 1,447,009 - - (976,733) 470,276 Nonmajor Funds - Capital Projects (596,022) 346,793 597,594 - 348,365 10,594,932$ -$ -$ -$ 10,594,932$ Page 57 of 166 REQUIRED SUPPLEMENTARY INFORMATION Page 58 of 166 Variance Original Final Positive Budget Budget Actual (Negative) TAXES General property taxes 4,267,404$ 4,267,404$ 4,267,404$ - $ Ag use-value penalties - - 10,426 10,426 Mobile home parking fees 80,000 80,000 83,345 3,345 Taxes from Utilities 169,000 169,000 231,181 62,181 Interest on personal property taxes - - 3,425 3,425 Special Assessments - - 11,817 11,817 TOTAL TAXES 4,516,404 4,516,404 4,607,598 91,194 INTERGOVERNMENTAL Shared taxes from state 269,223 269,223 477,996 208,773 State personal property aid 72,224 72,224 72,224 - State video service aid 19,431 19,431 19,431 - Exempt computer aid 20,689 20,689 20,689 - Recycling grants 10,584 10,584 10,577 (7) Police - State/Federal aids 10,000 10,000 6,763 (3,237) State Aid - in lieu of taxes 458 458 447 (11) State transportation aid 356,147 356,147 356,147 - Fire and EMS grant - Washington County - - 75,906 75,906 Other state payments 208,183 208,183 - (208,183) TOTAL INTERGOVERNMENTAL 966,939 966,939 1,040,180 73,241 LICENSES AND PERMITS Liquor license 4,200 4,200 4,332 132 Hotel/Motel license 286 286 286 - Operators license 3,000 3,000 2,607 (393) Cigarette license 434 434 441 7 Video franchise fees 68,000 68,000 60,403 (7,597) Dog license 4,250 4,250 5,945 1,695 Cat license 500 500 710 210 Other licenses 1,500 1,500 3,830 2,330 Building permits 304,302 304,302 295,474 (8,828) Planning/Zoning application fees 3,500 3,500 3,975 475 WI permit seals 1,750 1,750 3,510 1,760 Address/Fire # 2,000 2,000 3,449 1,449 Erosion control permits 5,000 5,000 13,260 8,260 Publication fees 170 170 7 (163) TOTAL LICENSES AND PERMITS 398,892$ 398,892$ 398,229$ (663) $ VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE GENERAL FUND REVENUES YEAR ENDED DECEMBER 31, 2025 See accompanying notes to required supplementary information. - 54 - Page 59 of 166 Variance Original Final Positive Budget Budget Actual (Negative) FINES AND FORFEITURES Police - Court penalties 55,000 $ 55,000$ 28,387$ (26,613)$ Police - Parking fines 4,500 4,500 2,487 (2,013) TOTAL FINES AND FORFEITURES 59,500 59,500 30,874 (28,626) CHARGES FOR SERVICES Police - Accident reports 250 250 324 74 Police - OWI test/fingerprinting 2,500 2,500 1,812 (688) Police - DVD's 100 100 204 104 Police - Warrant fees 200 200 (941) (1,141) Clerks fees 5,000 5,000 13,650 8,650 Public works revenue 100 100 23 (77) Recycling revenue - - 2,849 2,849 Street opening permits 1,000 1,000 5,700 4,700 NSF charges 400 400 40 (360) Aurora Healthcare payment 30,000 30,000 25,180 (4,820) TOTAL CHARGES FOR SERVICES 39,550 39,550 48,841 9,291 MISCELLANEOUS AND INTEREST Interest on temporary investments 38,317 38,317 285,628 247,311 Insurance dividends 7,000 7,000 - (7,000) Verizon lease 29,285 29,285 29,285 - US Cellular lease 39,952 39,952 40,494 542 Police - Donations - - 20,534 20,534 Miscellaneous general revenue 160,000 140,000 32,574 (107,426) TOTAL MISCELLANEOUS AND INTEREST 274,554 254,554 408,515 153,961 TOTAL REVENUES 6,255,839$ 6,235,839$ 6,534,237$ 298,398 $ GENERAL FUND REVENUES YEAR ENDED DECEMBER 31, 2025 VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE See accompanying notes to required supplementary information. - 55 - Page 60 of 166 Variance Original Final Positive Budget Budget Actual (Negative) GENERAL GOVERNMENT Village board 41,006 $ 41,006$ 40,228$ 778 $ Appointed committee wages 4,406 4,406 3,488 918 Village attorney 65,000 65,000 27,111 37,889 Administrative wages 469,462 469,462 469,763 (301) Administration 217,550 197,550 55,777 141,773 Elections 26,337 26,337 14,020 12,317 Admin - audit and accounting 30,000 30,000 31,966 (1,966) Assessments 40,000 40,000 36,600 3,400 Insurance 58,000 58,000 58,868 (868) Utilities 31,300 31,300 19,269 12,031 Supplies 2,000 2,000 322 1,678 Computer and internet 36,000 36,000 23,661 12,339 Repairs and maintenance 11,300 11,300 11,653 (353) Signs 1,700 1,700 1,143 557 Licenses and fees 2,500 2,500 2,071 429 ARPA expenses - - 26,668 (26,668) TOTAL GENERAL GOVERNMENT 1,036,561 1,016,561 822,608 193,953 PUBLIC SAFETY Police department 2,370,675 2,370,675 2,351,778 18,897 Emergency government 5,227 5,227 3,032 2,195 Building inspector 257,089 257,089 180,051 77,038 TOTAL PUBLIC SAFETY 2,632,991 2,632,991 2,534,861 98,130 PUBLIC WORKS Engineering 60,077 60,077 73,214 (13,137) Streets 599,595 599,595 621,979 (22,384) Storm sewers 3,000 3,000 3,000 - Trash 367,152 367,152 312,750 54,402 Recycling 206,534 206,534 206,734 (200) TOTAL PUBLIC WORKS 1,236,358 1,236,358 1,217,677 18,681 CULTURE AND RECREATION Parks 240,298 240,298 253,480 (13,182) CONSERVATION AND DEVELOPMENT Conservation and development 18,600$ 18,600$ 18,701$ (101)$ VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE GENERAL FUND EXPENDITURES YEAR ENDED DECEMBER 31, 2025 See accompanying notes to required supplementary information. - 56 - Page 61 of 166 BUDGETARY COMPARISON SCHEDULE GENERAL FUND EXPENDITURES YEAR ENDED DECEMBER 31, 2025 Variance Original Final Positive Budget Budget Actual (Negative) CAPITAL OUTLAY Police 59,602 $ 59,602$ 72,190$ (12,588)$ Public works - contributed and purchased - 117,580 117,580 - TOTAL CAPITAL OUTLAY 59,602 177,182 189,770 (12,588) TOTAL EXPENDITURES 5,224,410 5,321,990 5,037,097 284,893 OTHER FINANCING SOURCES (USES) Transfers out (917,849) (917,849) (917,849) - Proceeds on leases - - 49,977 49,977 Police - Sale of property 4,000 4,000 339 (3,661) TOTAL OTHER FINANCING SOURCES (USES) (913,849) (913,849) (867,533) 46,316 NET CHANGE IN FUND BALANCE 117,580 - 629,607 59,821$ FUND BALANCES - BEGINNING OF YEAR 1,969,744 1,969,744 4,440,117 FUND BALANCES - END OF YEAR 2,087,324$ 1,969,744$ 5,069,724$ VILLAGE OF JACKSON See accompanying notes to required supplementary information. - 57 - Page 62 of 166 Variance Original Final Positive Budget Budget Actual (Negative) INTERGOVERNMENTAL State 2% dues 81,377 81,377 94,305 12,928 EMS FAP funds 7,800 7,800 110,179 102,379 Other state payments 12,000 12,000 - (12,000) TOTAL INTERGOVERNMENTAL 101,177 101,177 204,484 103,307 CHARGES FOR SERVICES CPR training 2,500 2,500 2,630 130 EMS billing 375,000 375,000 487,295 112,295 Haz Mat incidents 500 500 400 (100) Occupancy permits 1,000 1,000 1,407 407 Office fees - - 10 10 Permit fees 1,000 1,000 2,084 1,084 TOTAL CHARGES FOR SERVICES 380,000 380,000 493,826 113,826 INTERGOVERNMENTAL CHARGES FOR SERVICES Town of Jackson contribution 340,910 340,910 351,444 10,534 Town of Polk contribution 108,960 108,960 108,960 - Germantown contribution 21,068 21,068 10,534 (10,534) TOTAL INTERGOVERNMENTAL CHARGES FOR SERVICES 470,938$ 470,938$ 470,938$ - $ MISCELLANEOUS AND INTEREST Interest on temporary investments 250 250 753 503 Donations 6,000 6,000 11,981 5,981 Sale of Village property - - 6,702 6,702 Fire reserve 30,880 30,880 - (30,880) Miscellaneous revenues 1,000 1,000 16,284 15,284 TOTAL MISCELLANEOUS AND INTEREST 38,130 38,130 35,720 (2,410) TOTAL REVENUES 990,245$ 990,245$ 1,204,968$ 214,723 $ VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE FIRE AND EMS FUND REVENUES YEAR ENDED DECEMBER 31, 2025 See accompanying notes to required supplementary information. - 58 - Page 63 of 166 Variance Original Final Positive Budget Budget Actual (Negative) PUBLIC SAFETY Salaries/wages 808,654 808,654 804,863 3,791 Health and life insurance 167,598 167,598 125,409 42,189 Wisconsin retirement system 86,845 86,845 94,022 (7,177) Social security 50,137 50,137 48,700 1,437 Medicare 11,460 11,460 11,389 71 Medical reimbursement 3,000 3,000 2,493 507 Equipment repair 10,200 10,200 5,717 4,483 Fuel and lubricants 18,169 18,169 18,883 (714) Buildings and grounds maintenance 10,300 10,300 11,378 (1,078) Computer software and support 20,910 20,910 22,331 (1,421) New and replacement equipment 14,104 14,104 17,232 (3,128) Truck and equipment maintenance 23,690 23,690 24,483 (793) Office supplies, PC support, postage 3,800 3,800 2,167 1,633 Pre-employment physical 4,120 4,120 6,338 (2,218) Length of service program 13,390 13,390 13,390 - Intercept/Health Care billing 30,900 30,900 19,589 11,311 Fire prevention 6,901 6,901 7,686 (785) Scene assistance 3,311 3,311 - 3,311 Turn-out gear and uniforms 25,500 25,500 20,970 4,530 SCBA testing and repair 3,090 3,090 2,742 348 Ladder testing 2,329 2,329 1,773 556 Audit and accounting 1,000 1,000 - 1,000 Utilities 50,184 50,184 43,003 7,181 Telephone 5,610 5,610 4,945 665 Attorney fees 1,000 1,000 25,211 (24,211) Medical supplies 27,300 27,300 26,810 490 FAP funding 12,000 12,000 13,614 (1,614) Donations 1,500 1,500 - 1,500 Dues 2,000 2,000 1,312 688 Education and travel 13,000 13,000 11,784 1,216 Property and liability insurance 25,750 25,750 22,858 2,892 Equipment replacement fund 30,880 30,880 4,743 26,137 Truck replacement fund 80,000 80,000 33,984 46,016 EMS equipment replacement 3,500 3,500 4,087 (587) TOTAL PUBLIC SAFETY 1,572,132 1,572,132 1,453,906 118,226 TOTAL EXPENDITURES 1,572,132 1,572,132 1,453,906 118,226 VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE FIRE AND EMS FUND EXPENDITURES YEAR ENDED DECEMBER 31, 2025 See accompanying notes to required supplementary information. - 59 - Page 64 of 166 Variance Original Final Positive Budget Budget Actual (Negative) OTHER FINANCING SOURCES (USES) Village contribution (transfer in) 653,341 653,341 653,341 - Transfer to debt service fund (71,454) (71,454) (71,454) - TOTAL OTHER FINANCING SOURCES (USES) 581,887 581,887 581,887 - NET CHANGE IN FUND BALANCE - - 332,949 96,497$ FUND BALANCES - BEGINNING OF YEAR 976,733 976,733 976,733 FUND BALANCES - END OF YEAR 976,733$ 976,733$ 1,309,682$ BUDGETARY COMPARISON SCHEDULE FIRE AND EMS FUND EXPENDITURES YEAR ENDED DECEMBER 31, 2025 VILLAGE OF JACKSON See accompanying notes to required supplementary information. - 60 - Page 65 of 166 Net pension Plan fiduciary net (asset) liability position as a Proportion of the Proportionate share as a percentage percentage of total WRS net pension (asset) of the net pension Covered-employee of employee pension (asset) Year End liability (asset) liability payroll payroll liability 2024 0.02520884% 414,222$ 3,653,782$ 11.34% 98.79% 2023 0.02369321% 352,272$ 3,277,081$ 10.75% 98.85% 2022 0.02273110% 1,204,226$ 2,963,207$ 40.64% 95.72% 2021 0.02175548% (1,753,531)$ 2,858,709$ -61.34% 106.02% 2020 0.02083029% (1,300,463)$ 2,784,138$ -46.71% 105.26% 2019 0.01972279% (635,952)$ 2,541,523$ -25.02% 102.96% 2018 0.01903829% 677,322$ 2,388,882$ 28.36% 96.45% 2017 0.01831388% (543,760)$ 2,278,882$ -23.86% 102.93% 2016 0.01780272% 145,947$ 2,221,840$ 6.57% 99.12% 2015 0.01782027% 289,291$ 2,128,161$ 13.59% 98.20% Contributions as a Contractually Contributions in relation Covered percentage of WRS required to the contractually Contribution employee covered-employee Year End contributions required contributions deficiency (excess) payroll payroll 2024 393,889$ 393,889$ - $ 3,653,782$ 10.78% 2023 330,651$ 330,651$ - $ 3,277,081$ 10.09% 2022 275,167$ 275,167$ - $ 2,963,207$ 9.29% 2021 262,567$ 262,567$ - $ 2,858,709$ 9.18% 2020 251,023$ 251,023$ - $ 2,784,138$ 9.02% 2019 213,126$ 213,126$ - $ 2,541,523$ 8.39% 2018 203,618$ 203,618$ - $ 2,388,882$ 8.52% 2017 192,405$ 192,405$ - $ 2,278,882$ 8.44% 2016 173,975$ 173,975$ - $ 2,221,840$ 7.83% 2015 170,215$ 170,215$ - $ 2,128,161$ 8.00% *GASB Pronouncements 67 and 68 require the presentation of the last 10 prior fiscal years completed under these pronouncements. SCHEDULE OF CONTRIBUTIONS Wisconsin Retirement System Last 10 Fiscal Years* VILLAGE OF JACKSON SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET) Wisconsin Retirement System Last 10 Fiscal Years* *The amounts presented for each fiscal year were determined as of the prior calendar year-end. DECEMBER 31, 2025 See accompanying notes to required supplementary information. - 61 - Page 66 of 166 Net OPEB Plan fiduciary net (asset) liability position as a Proportion of the Proportionate share as a percentage percentage of total LRLIF net OPEB (asset) of the net OPEB Covered-employee of employee OPEB (asset) Year End liability (asset) liability payroll payroll liability 2024 0.05561500% 217,580$ 3,349,000$ 6.50% 37.20% 2023 0.05233700% 240,784$ 3,135,000$ 7.68% 33.90% 2022 0.04870500% 185,558$ 2,864,000$ 6.48% 38.81% 2021 0.04466600% 263,993$ 2,727,000$ 9.68% 29.57% 2020 0.05541700% 304,834$ 2,728,000$ 11.17% 31.36% 2019 0.05223100% 222,746$ 2,379,000$ 9.36% 37.58% 2018 0.51101000% 131,858$ 2,305,000$ 5.72% 48.69% 2017 0.04788100% 144,054$ 2,013,533$ 7.15% 44.81% Contributions as a Contractually Contributions in relation percentage of LRLIF required to the contractually Contribution Covered-employee covered-employee Year End contributions required contributions deficiency (excess) payroll payroll 2024 1,169$ 1,169$ -$ 3,349,000$ 0.03% 2023 1,066$ 1,066$ -$ 3,135,000$ 0.03% 2022 977$ 977$ -$ 2,864,000$ 0.05% 2021 1,105$ 1,105$ -$ 2,727,000$ 0.04% 2020 1,105$ 1,105$ -$ 2,728,000$ 0.04% 2019 945$ 945$ -$ 2,379,000$ 0.04% 2018 1,673$ 1,673$ -$ 4,126,000$ 0.04% 2017 1,802$ 1,802$ -$ 3,991,195$ 0.05% Local Retiree Life Insurance Last 10 Fiscal Years* *The amounts presented for each fiscal year were determined as of the prior calendar year-end. *GASB Pronouncement 75 require the presentation of the last 10 prior fiscal years completed under these pronouncements. The fiscal years completed prior to the enactment of these pronouncements are not required to be presented for this schedule. VILLAGE OF JACKSON DECEMBER 31, 2025 SCHEDULE OF PROPORTIONATE SHARE OF THE NET OPEB LIABILITY (ASSET) Local Retiree Life Insurance Last 10 Fiscal Years* SCHEDULE OF CONTRIBUTIONS - OPEB See accompanying notes to required supplementary information. - 62 - Page 67 of 166 VILLAGE OF JACKSON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION DECEMBER 31, 2025 - 63 - Note 1. Budgetary Information The Village creates a budget for the General Fund. The Village reviews and adopts its annual budget by December or earlier of the preceding year. The budgetary information included in the accompanying financial statements is comprised of the originally approved budget plus or minus approved revisions of budgeted revenues and expenditures. These budgets are adopted on a basis consistent with GAAP. Management control of the budgetary process has been established at the departmental level of expenditure. A department can be a fund, cost center, program or other activity for which control of expenditures is considered desirable. Budget appropriations for certain capital projects funds are project oriented, often possessing multi-year lives; consequently, budgeted capital projects expenditures are controlled through fund balances. The budget may be amended for supplemental appropriations periodically during the year. Budget changes require a two-thirds approval by the Village Board. The 2024 general fund budget was amended by the Village Board. Note 2. Excess Expenditures over Appropriations The Village had the following expenditures in excess of appropriations as presented in the “Budgetary Comparison Schedule – General Fund Expenditures”. AmountCapital outlay 12,588$ Conservation and development 101 Culture and recreation 13,182 The excess expenditures were absorbed by revenues in excess of budget and expenditures under budget in other areas. The Fire and EMS fund did not have any expenditures in excess of appropriations. Note 3. OPEB Information Changes of benefit terms. There were no recent changes in benefit terms. Changes of assumptions. In addition to the rate changes detailed in the tables above, the State of Wisconsin Employee Trust Fund Board adopted economic and demographic assumption changes based on a three year experience study performed for the Wisconsin Retirement System. These assumptions are used in the actuarial valuations of OPEB liabilities (assets) for the retiree life insurance programs and are summarized below. The assumption changes that were used to measure the December 31, 2021 total OPEB liabilities, including the following:  Lowering price inflation rate from 2.5% to 2.4%  Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2018 Mortality Table to the 2020 WRS Experience Mortality Table. The assumption changes that were used to measure the December 31, 2018 total OPEB liabilities, including the following:  Lowering the long-term expected rate of return from 5.00% to 4.25%  Lowering the wage inflation rate from 3.2% to 3.0%  Lowering the price inflation rate from 2.7% to 2.5%  Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2012 Mortality Table to the Wisconsin 2018 Mortality Table. Page 68 of 166 VILLAGE OF JACKSON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION DECEMBER 31, 2025 (CONTINUED) - 64 - Note 4. Wisconsin Retirement Systems Pensions Changes of benefit terms. There were no changes of benefit terms for any participating employer in WRS. Changes of assumptions. Based on a three-year 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-end 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 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 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. Page 69 of 166 Note 4 - Wisconsin Retirement System Pensions - (continued) 2024 2023 2022 2021 2020 Valuation Date: December 31, 2022December 31, 2021December 31, 2020December 31, 2019December 31, 2018 Actuarial Cost Method: Frozen Entry Age Frozen Entry Age Frozen Entry Age Frozen Entry Age Frozen Entry Age Amortization Method: Level Percent of Payroll- Closed Amortization Period Level Percent of Payroll- Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Amortization Period: 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS Asset Valuation Method: Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Actuarial Assumptions Net Investment Rate of Return 5.4% 5.4% 5.4% 5.4% 5.4% Weighted based on assumed rate for: Pre-retirement 6.8% 7.0% 7.0% 7.0% 7.0% Post-retirement 5.0% 5.0% 5.0% 5.0% 5.0% Salary Increases Wage Inflation 3.0% 3.0% 3.0% 3.0% 3.0% Seniority/Merit 0.1%-5.7% 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% Post Retirement Benefit Adjustments*: 1.7% 1.9% 1.9% 1.9% 1.9% 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. 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. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2018 valuation pursuant to an experience study of the period 2015-2017. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2018 valuation pursuant to an experience study of the period 2015- 2017. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2018 valuation pursuant to an experience study of the period 2015-2017. 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. 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. Wisconsin 2018 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2018 fully generational improvement scale (multiplied by 60%). Wisconsin 2018 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2018 fully generational improvement scale (multiplied by 60%). Wisconsin 2018 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2018 fully generational improvement scale (multiplied by 60%). *No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience, and other factors. Value is assumed annual adjustment based on the investment return assumption and the post-retirement discount rate. VILLAGE OF JACKSON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2025 (CONTINUED) Significant methods and assumptions used in calculating Wisconsin Retirement System Actuarially Determined Contributions: - 65 - Page 70 of 166 Note 4 - Wisconsin Retirement System Pensions - (continued) 2019 2018 2017 2016 2015 Valuation Date: December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014December 31, 2013 Actuarial Cost Method: Frozen Entry Age Frozen Entry Age Frozen Entry Age Frozen Entry Age Frozen Entry Age Amortization Method: Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll- Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Amortization Period: 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS Asset Valuation Method: Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Actuarial Assumptions Net Investment Rate of Return 5.5% 5.5% 5.5% 5.5% 5.5% Weighted based on assumed rate for: Pre-retirement 7.2% 7.2% 7.2% 7.2% 7.2% Post-retirement 5.0% 5.0% 5.0% 5.0% 5.0% Salary Increases Wage Inflation 3.2% 3.2% 3.2% 3.2% 3.2% Seniority/Merit 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% Post Retirement Benefit Adjustments*:2.1% 2.1% 2.1% 2.1% 2.1% Retirement Age: Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2015 valuation pursuant to an experience study of the period 2012-2014. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2015 valuation pursuant to an experience study of the period 2012-2014. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2015 valuation pursuant to an experience study of the period 2012-2014. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2012 valuation pursuant to an experience study of the period 2009-2011. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2012 valuation pursuant to an experience study of the period 2009-2011. Mortality: Wisconsin 2012 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2015 fully generational improvement scale (multiplied by 50%). Wisconsin 2012 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2015 fully generational improvement scale (multiplied by 50%). Wisconsin 2012 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2015 fully generational improvement scale (multiplied by 50%). Wisconsin 2012 Mortality Table. The rates based on actual WRS experience projected to 2017 with scaled BB to all future improvements (margin) in mortality. Wisconsin 2012 Mortality Table. The rates based on actual WRS experience projected to 2017 with scaled BB to all future improvements (margin) in mortality. *No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience, and other factors. Value is assumed annual adjustment based on the investment return assumption and the post-retirement discount rate. VILLAGE OF JACKSON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2025 (CONTINUED) Significant methods and assumptions used in calculating Wisconsin Retirement System Actuarially Determined Contributions - 66 - Page 71 of 166 SUPPLEMENTARY INFORMATION Page 72 of 166 VILLAGE OF JACKSON COMBINING BALANCE SHEETS NONMAJOR GOVERNMENTAL FUNDS - SPECIAL REVENUE DECEMBER 31, 2025 Total Formerly Nonmajor Hotel/ Nonmajor Funds Recreation Motel Tax Fire and Park Special Fund Fund EMS Fund Revenue Funds ASSETS Cash and investments 94,027 $ 40,242$ - $ 164,708$ 298,977$ Receivables: Accounts (net of allowance for doubtful accounts of $283,229) 20,625 11,561 - 1,247 33,433 Restricted Assets: Cash and investments - 267,374 267,374 TOTAL ASSETS 114,652 51,803 - 433,329 599,784 LIABILITIES Accounts payable and accrued expenses 11,422 5,385 - - 16,807 Accrued salaries and fringes 5,163 - - - 5,163 TOTAL LIABILITIES 16,585 5,385 - - 21,970 FUND BALANCES Assigned 98,067 46,418 - 433,329 577,814 TOTAL FUND BALANCES 98,067$ 46,418$ -$ 433,329$ 577,814$ Special Revenue Funds - 68 - Page 73 of 166 VILLAGE OF JACKSON COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS - SPECIAL REVENUE YEAR ENDED DECEMBER 31, 2025 Total Formerly Nonmajor Hotel/ Nonmajor Funds Recreation Motel Tax Fire Park Special Fund Fund and EMS Fund Revenue Funds REVENUES Taxes - $ 64,743$ - $ -$ 64,743$ Charges for services 394,535 - - 127,474 522,009 Interest income - - - 8,365 8,365 TOTAL REVENUES 394,535 64,743 - 135,839 595,117 EXPENDITURES Current: Culture and recreation 680,525 - - - 680,525 Conservation and development - 71,562 - - 71,562 TOTAL EXPENDITURES 680,525 71,562 - - 752,087 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES(285,990) (6,819) - 135,839 (156,970) OTHER FINANCING SOURCES (USES) Transfers in (out) 264,508 - - - 264,508 NET CHANGE IN FUND BALANCES(21,482) (6,819) - 135,839 107,538 FUND BALANCES - BEGINNING As previously stated 119,549 53,237 976,733 297,490 1,447,009 Change within financial reporting entity (nonmajor to major fund) - - (976,733) - (976,733) FUND BALANCES - BEGINNING AS RESTATED 119,549 53,237 - 297,490 470,276 FUND BALANCES - ENDING 98,067$ 46,418$ -$ 433,329$ 577,814$ Special Revenue Funds - 69 - Page 74 of 166 VILLAGE OF JACKSON COMBINING BALANCE SHEETS NONMAJOR GOVERNMENTAL FUNDS - CAPITAL PROJECTS DECEMBER 31, 2025 Total Formerly Formerly Nonmajor Major Nonmajor Capital TID 4 TID 5 TID 6 TID 7 Projects Funds ASSETS Cash and investments 5,700 $ 77,039$ (260,273)$ - $ (177,534)$ Receivables: Taxes - 40,608 192,257 - 232,865 Special assessments - - 4,303 - 4,303 Restricted Assets: Cash and investments - - 102,318 - 102,318 TOTAL ASSETS 5,700 117,647 38,605 - 161,952 DEFERRED INFLOWS OF RESOURCES Property taxes - 94,978 445,633 - 540,611 Special assessments - - 5,737 - 5,737 TOTAL DEFERRED INFLOWS OF RESOURCES - 94,978 451,370 - 546,348 FUND BALANCES Restricted 5,700 22,669 - - 28,369 Unassigned - - (412,765) - (412,765) TOTAL FUND BALANCES 5,700$ 22,669$ (412,765)$ -$ (384,396)$ Capital Projects Funds - 70 - Page 75 of 166 VILLAGE OF JACKSON COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS - CAPITAL PROJECTS YEAR ENDED DECEMBER 31, 2025 Total Formerly Formerly Nonmajor Major Nonmajor Capital TID 4 TID 5 TID 6 TID 7 Projects Funds REVENUES Taxes 796,592 $ 94,831 $ 319,464$ - $ 1,210,887$ Intergovernmental 54,644 1,965 17,111 - 73,720 Special assessments - - 1,434 - 1,434 Interest income - - 289 - 289 TOTAL REVENUES 851,236 96,796 338,298 - 435,094 EXPENDITURES Current: General government 509,756 1,651 2,500 - 513,907 Conservation and development - - 423,560 - 423,560 Debt Service: Principal - 89,141 - - 89,141 TOTAL EXPENDITURES 509,756 90,792 426,060 - 1,026,608 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 341,480 6,004 (87,762) - 259,722 OTHER FINANCING SOURCES (USES) Transfer out (682,573) - (309,910) - (992,483) TOTAL FINANCING SOURCES (USES)(682,573) - (309,910) - (992,483) NET CHANGE IN FUND BALANCES (341,093) 6,004 (397,672) - (1,583,997) FUND BALANCES - BEGINNING OF YEAR As previously stated - 16,665 (15,093) (597,594) (596,022) Change within financial reporting entity (nonmajor to major fund) - - - 597,594 597,594 (major to nonmajor fund) 346,793 - - - 346,793 FUND BALANCES - BEGINNING AS RESTATED 346,793 16,665 (15,093) - 348,365 FUND BALANCES - ENDING 5,700$ 22,669$ (412,765)$ -$ (1,237,204)$ Capital Projects Funds - 71 - Page 76 of 166 Taking the lead in Washington County. MEMO TO: Brian Heckendorf, Village President FROM: Jen Heidtke, Village Administrator RE: Discussion of Proposed 2027 Capital Projects Schedule MEETING DATE: July 14, 2026 Background Staff are seeking Village Board review of proposed Capital projects for 2027. Projects deemed only eligible for cash at a future date will have to be reconsidered later in the budgeting process as cash projects shall be subject to remainder of levy availability after establishing an operational budget. The Fire Department does not have proposed projects. Streets/Parks/Engineering - $1,300,000 Georgetown Drive. This project is debt eligible. - $610,000 Jackson Drive (North). This project is debt eligible. - $125,000 Jackson Drive (South). This project is debt eligible. - $85,000 1 Ton Dump Truck. This project is debt eligible. Police - $137,500 Squad and Body Cameras. Clerk - $6,000 Ice Machine. IT - $24,000 Server Replacement. Treasurer - $100,000 ERP Parks and Recreation - $15,000 year 4 of 7 for HVAC rooftop unit replacement. - $3,500,000 year 2 of 2 for Hasmer Lake Park Development, delaying park improvements from 2026 to 2027 for the purpose of engineering plans and applying for grant funds first, then bidding the work. This project is debt and impact fee eligible. - $20,000 year 2 of 4 for Splash Park equipment replacement. Pumps, chemicals system, and functionality was priority. Feature replacement will be next phase of replacements Wastewater Utility - $50,000 for Pick-up Truck. - $1,300,000 WWTP Aeration Basin Upgrade Phase 2A, CWFL application submitted, revenue debt eligible. - $3,200,000 WWTP Service Building Upgrades Phase 2A, CWFL application submitted, revenue debt eligible Page 77 of 166 Taking the lead in Washington County. Potential Motion: Directing Staff to proceed with Capital Project Planning as proposed, or with amendments, for the purpose of creating a draft 2027 budget and capital projects plan for review by the Board at the August meeting. Attachments: 1. 2025 Financial Management Plan – Final Report with Appendix Table 2 2. Memo RE Proposed 2027 Capital Road, Vehicle and Equipment Replacement, Board of Public Works meeting 6.30.2026 Page 78 of 166 Table 2 Capital Improvement Plan & Funding Uses VVillage of Jackson, WI Projects Department Purpose Plan Issue Funding 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 Totals STH 60 (Northside) Industrial Dr to Hasmer Lake parking lot Cap. Projects Pathway None Cash 144,000 144,000 STH 60 (Northside) Ridgeway Dr to Eagle Dr Cap. Projects Pathway None Cash 39,000 39,000 Jackson Drive (North) (2036) Cap. Projects Pathway None Cash 100,000 100,000 STH 60 (Southside) (2047) Cap. Projects Pathway None Cash 0 STH 60 (Northside) (2043) CTH P to Tillie Lake Court Cap. Projects Pathway None Cash 125,000 125,000 Linden Drive - Hickory Lane to Dead End Cap. Projects Streets - Improvements 2026 G.O. Notes G.O. Debt 340,909 340,909 Linden Drive - Hickory Lane to Dead End Water Water - Improvements 2026 Revenue BonRevenue Debt 340,909 340,909 Linden Drive - Hickory Lane to Dead End Sewer Sewer - Improvements 2026 Revenue BonRevenue Debt 340,909 340,909 Aspen Drive - Hickory Lane to Dead End Cap. Projects Streets - Improvements 2026 G.O. Notes G.O. Debt 402,519 402,519 Aspen Drive - Hickory Lane to Dead End Water Water - Improvements 2026 Revenue BonRevenue Debt 402,519 402,519 Aspen Drive - Hickory Lane to Dead End Sewer Sewer - Improvements 2026 Revenue BonRevenue Debt 402,519 402,519 Hawthorne Drive - Hickory Lane to Dead End Cap. Projects Streets - Improvements 2026 G.O. Notes G.O. Debt 433,617 433,617 Hawthorne Drive - Hickory Lane to Dead End Water Water - Improvements 2026 Revenue BonRevenue Debt 433,617 433,617 Hawthorne Drive - Hickory Lane to Dead End Sewer Sewer - Improvements 2026 Revenue BonRevenue Debt 433,617 433,617 Eagle Drive - Hickory Lane to STH 60 Cap. Projects Streets - Improvements 2026 G.O. Notes G.O. Debt 2,031,109 2,031,109 Eagle Drive - Hickory Lane to STH 60 Sewer Sewer - Improvements 2026 Revenue BonRevenue Debt 1,015,555 1,015,555 Industrial Drive - STH 60 to north 2000 ft Cap. Projects Streets - Improvements 2028 G.O. Notes G.O. Debt 684,467 684,467 Industrial Drive - STH 60 to north 2000 ft Water Water - Improvements 2028 G.O. Notes G.O. Debt 684,467 684,467 Industrial Drive - STH 60 to north 2000 ft Sewer Sewer - Improvements 2028 G.O. Notes G.O. Debt 684,467 684,467 Jackson Drive (South) - 260 ft south of STH 60 to 1,000 ft south of 60Water Water - Improvements 2030 G.O. Notes G.O. Debt 418,817 418,817 Jackson Drive (South) - 260 ft south of STH 60 to 1,000 ft south of 60Sewer Sewer - Improvements 2030 G.O. Notes G.O. Debt 418,871 418,871 Jackson Drive (North) - STH 60 to Georgetown Drive Cap. Projects Streets - Improvements 2030 G.O. Notes G.O. Debt 209,183 209,183 Jackson Drive (North) - STH 60 to Georgetown Drive Water Water - Improvements None Cash 209,183 209,183 Jackson Drive (North) - STH 60 to Georgetown Drive Sewer Sewer - Improvements None Cash 209,183 209,183 Georgetown Drive - Jackson Drive to Wilshire Drive Cap. Projects Streets - Improvements 2032 G.O. Notes G.O. Debt 461,330 461,330 Georgetown Drive - Jackson Drive to Wilshire Drive Water Water - Improvements None Cash 461,330 461,330 Georgetown Drive - Jackson Drive to Wilshire Drive Sewer Sewer - Improvements 2032 G.O. Notes G.O. Debt 461,330 461,330 N. Center Street - STH 60 to Tower Drive Cap. Projects Streets - Improvements 2033 G.O. Notes G.O. Debt 576,554 576,554 N. Center Street - STH 60 to Tower Drive Water Water - Improvements 2033 G.O. Notes G.O. Debt 576,554 576,554 N. Center Street - STH 60 to Tower Drive Sewer Sewer - Improvements 2033 G.O. Notes G.O. Debt 576,554 576,554 Forest View Drive - Hickory Lane to Dead End Cap. Projects Streets - Improvements Future Issuance G.O. Debt 193,538 193,538 Forest View Drive - Hickory Lane to Dead End Water Water - Improvements Future Issuance Revenue Debt 193,538 193,538 Forest View Drive - Hickory Lane to Dead End Sewer Sewer - Improvements None Cash 193,538 193,538 Eastwood Circle - Forest View to Dead End Cap. Projects Streets - Improvements Future Issuance G.O. Debt 178,174 178,174 Eastwood Circle - Forest View to Dead End Water Water - Improvements Future Issuance Revenue Debt 178,174 178,174 Eastwood Circle - Forest View to Dead End Sewer Sewer - Improvements Future Issuance Revenue Debt 178,174 178,174 Clover Lane - Hickory Lane to Dead End Cap. Projects Streets - Improvements Future Issuance G.O. Debt 113,376 113,376 Clover Lane - Hickory Lane to Dead End Water Water - Improvements Future Issuance Revenue Debt 113,376 113,376 Clover Lane - Hickory Lane to Dead End Sewer Sewer - Improvements Future Issuance Revenue Debt 113,376 113,376 Heather Lane - Hickory Lane to Dead End Cap. Projects Streets - Improvements Future Issuance G.O. Debt 224,045 224,045 Heather Lane - Hickory Lane to Dead End Water Water - Improvements Future Issuance Revenue Debt 224,045 224,045 Heather Lane - Hickory Lane to Dead End Sewer Sewer - Improvements Future Issuance Revenue Debt 224,045 224,045 Stonehedge Drive - Forest View to Hickory Lane Cap. Projects Streets - Improvements Future Issuance G.O. Debt 912,559 912,559 Stonehedge Drive - Forest View to Hickory Lane Water Water - Improvements Future Issuance Revenue Debt 912,559 912,559 Stonehedge Drive - Forest View to Hickory Lane Sewer Sewer - Improvements Future Issuance Revenue Debt 912,559 912,559 Hickory Lane - Heather Drive to Sherman Road Cap. Projects Streets - Improvements Future Issuance G.O. Debt 556,652 556,652 Hickory Lane - Heather Drive to Sherman Road Water Water - Improvements Future Issuance Revenue Debt 556,652 556,652 Hickory Lane - Heather Drive to Sherman Road Sewer Sewer - Improvements Future Issuance Revenue Debt 556,652 556,652 Cedar Run Drive - Hickory Lane to Dead End Cap. Projects Streets - Improvements Future Issuance G.O. Debt 680,977 680,977 Cedar Run Drive - Hickory Lane to Dead End Water Water - Improvements Future Issuance Revenue Debt 680,977 680,977 Cedar Run Drive - Hickory Lane to Dead End Sewer Sewer - Improvements Future Issuance Revenue Debt 680,977 680,977 Hemlock Street - Spruce Street to Hickory Lane Cap. Projects Streets - Improvements Future Issuance G.O. Debt 681,468 681,468 Hemlock Street - Spruce Street to Hickory Lane Water Water - Improvements Future Issuance Revenue Debt 681,468 681,468 Hemlock Street - Spruce Street to Hickory Lane Sewer Sewer - Improvements Future Issuance Revenue Debt 681,468 681,468 CPR Training Equipment - Manikins/AED Trainers Fire/EMS Fire - Building None Cash 3,400 4,000 4,900 12,300 CPR Training Equipment - Manikins/AED Trainers Fire/EMS Fire - Building None Cash 0 CPR Training Equipment - Manikins/AED Trainers Fire/EMS Fire - Building None Cash 0 Paging System Updates/Upgrades Fire/EMS Fire - Building 2028 G.O. Notes G.O. Debt 120,500 120,500 Replace Gear Washers Fire/EMS Fire - Building None Cash 10,000 10,000 Replace Gear Washers Fire/EMS Fire - Building None Cash 13,000 13,000 Gear Dryers Fire/EMS Fire - Building None Cash 20,200 20,200 IT Updates/Upgrades - Classroom Fire/EMS Fire - Building None Cash 13,500 13,500 Replace TV monitors - Bay, Offices, Bunkrooms, Kitchen, Dayroom Fire/EMS Fire - Building None Cash 21,800 21,800 Landscaping refresh/pond maintenace Fire/EMS Fire - Building None Cash 72,600 72,600 Furniture replacement - recliners, kitchen chairs, office chairs Fire/EMS Fire - Building None Cash 14,500 14,500 Water Heater Replacement Fire/EMS Fire - Building None Cash 31,300 31,300 Replace Carpet - Offices, Training Rooms, Dayroom, Bunkrooms Fire/EMS Fire - Building None Cash 17,500 17,500 Replace Flooring - Admin, Reception, Kitchen Fire/EMS Fire - Building None Cash 17,500 17,500 Appliance Replacment Fire/EMS Fire - Building None Cash 14,000 14,000 HVAC Maintenance/Upgrades Fire/EMS Fire - Building Future Issuance G.O. Debt 524,900 524,900 Buildng Fire Alarm System Updates/Upgrades Fire/EMS Fire - Building None Cash 17,500 17,500 Parking Lot Repairs/Seal coating Fire/EMS Fire - Building Future Issuance G.O. Debt 175,000 175,000 Vehicle Exhaust Sytem Repairs/Updates Fire/EMS Fire - Building Future Issuance G.O. Debt 87,500 87,500 Replace mobile radios in station Fire/EMS Fire - Building None Cash 35,000 35,000 Rescue Structs Fire/EMS Fire - Equip. None Cash 0 Heart Montiors - 1250, 1251, Paramedic First Responder Fire/EMS Fire - Equip. None Grants/Aids 112,000 0 112,000 Fire Hose Fire/EMS Fire - Equip. None Cash 0 Loose Equipment Engine 1261 Fire/EMS Fire - Equip. None Cash 100,000 100,000 Loose Equipment Engine 1262 Fire/EMS Fire - Equip. None Cash 67,400 67,400 Loose Equipment Engine 1263 Fire/EMS Fire - Equip. None Cash 81,200 81,200 Replace Ventilation Saws Fire/EMS Fire - Equip. None Cash 0 0 Power Cot and Loading Systems Fire/EMS Fire - Equip. 2028 G.O. Notes G.O. Debt 157,000 157,000 AED's - first responders, 1285 Fire/EMS Fire - Equip. None Cash 18,600 18,600 Replace Ventilation Vents Fire/EMS Fire - Equip. None Cash 0 0 Stair Chairs Fire/EMS Fire - Equip. None Cash 24,100 24,100 Air Bags Fire/EMS Fire - Equip. None Cash 0 0 Replace SCBA's Fire/EMS Fire - Equip. Future Issuance G.O. Debt 452,000 452,000 Brush Rig Skid Unit Fire/EMS Fire - Equip. None Cash 32,500 32,500 Replace Generators - 1270 Fire/EMS Fire - Equip. None Cash 4,900 4,900 Mobile/Portable Radios Fire/EMS Fire - Equip. Future Issuance G.O. Debt 487,000 487,000 1290 (1992 IHC 4900) Tender Fire/EMS Fire - Apparatus None Cash 0 1261 (2005 Pierce Lance) Engine Fire/EMS Fire - Apparatus 2029 G.O. Notes G.O. Debt 1,209,907 1,209,907 1250 (2015 Braun) Ambulance Fire/EMS Fire - Apparatus 2028 G.O. Notes G.O. Debt 340,342 340,342 1281 (2012 Chevy Tahoe) Utility Fire/EMS Fire - Apparatus None Cash 85,988 85,988 1291 (2011 IHC 4000) Tender Fire/EMS Fire - Apparatus 2026 G.O. Notes G.O. Debt 525,000 0 525,000 1282 (2010 Chevy 3500) Truck Fire/EMS Fire - Apparatus None Cash 93,362 93,362 1283 (2015 Chevy 2500) Truck Fire/EMS Fire - Apparatus None Cash 97,284 97,284 1260 (2008 Pierce Enforcer) Engine Fire/EMS Fire - Apparatus 2032 G.O. Notes G.O. Debt 1,547,450 1,547,450 1285 (2008 GMC 5500) Utility Fire/EMS Fire - Apparatus 2033 G.O. Notes G.O. Debt 386,048 386,048 1251 (2023 Lifeline) Ambulance Fire/EMS Fire - Apparatus Future Issuance G.O. Debt 367,384 367,384 Appendix B Page 3 of 12 Page 79 of 166 1280 (2023 Chevy Tahoe) Utility Fire/EMS Fire - Apparatus None Cash 0 1270 (2019 Pierce Velocity) Quint Fire/EMS Fire - Apparatus Future Issuance G.O. Debt 129,752 129,752 Third Ambulance Fire/EMS Fire - Apparatus None Cash 0 Plow #1 - International Snow Plow (2009) Cap. Projects Streets - Equip./Vehicle 2028 G.O. Notes G.O. Debt 300,000 300,000 Plow #2 - International Snow Plow (2013) Cap. Projects Streets - Equip./Vehicle 2033 G.O. Notes G.O. Debt 330,000 330,000 Plow #5 - International Snow Plow (2025) Replace 2044 Cap. Projects Streets - Equip./Vehicle None Cash 0 EQS #5 - Backhoe/Loader Caterpillar (2012) Cap. Projects Streets - Equip./Vehicle None Cash 250,000 250,000 Dump #1 - 1 ton Dump Truck (2005) Cap. Projects Streets - Equip./Vehicle None Cash 0 Dump #2 - 1 ton Dump Truck (2009) Cap. Projects Streets - Equip./Vehicle 2029 G.O. Notes G.O. Debt 85,000 85,000 Dump #3 - 1 ton Dump Truck (2013) Cap. Projects Streets - Equip./Vehicle 2032 G.O. Notes G.O. Debt 90,000 90,000 Dump #4 - 1 ton Dump Truck (2022) Cap. Projects Streets - Equip./Vehicle None Cash 95,000 95,000 Bucket #1 - bucket truck (2002) Cap. Projects Streets - Equip./Vehicle None Cash 0 EQS #1 - John Deer Loader (1992) Cap. Projects Streets - Equip./Vehicle None Cash 325,000 325,000 Truck S #1 - Street Pick-up Cap. Projects Streets - Equip./Vehicle 2027 G.O. Notes G.O. Debt 65,000 65,000 Trailer S #1 - Equipment Trailer (1992) Cap. Projects Streets - Equip./Vehicle None Cash 12,000 12,000 Inspection Vehicle Chevy Colorado (2024) Cap. Projects Building Inspection - Equip./VehNone Cash 0 EQS #7 - Sand-Pro Ball Field Groomer (2015) Cap. Projects Streets - Equip./Vehicle None Cash 50,000 50,000 EQS #8 - Skid Steer Loader (2015) Cap. Projects Streets - Equip./Vehicle 2029 G.O. Notes G.O. Debt 75,000 75,000 EQS #9 - Turf Mower (2018) Cap. Projects Streets - Equip./Vehicle None Cash 16,000 16,000 EQS #10 - Turf Mower (2019) Cap. Projects Streets - Equip./Vehicle None Cash 16,000 16,000 ENG #1 - Director Public Works Vehicle Cap. Projects Streets - Equip./Vehicle None Cash 30,000 30,000 ENG #2 - Engineering Tech Vehicle Cap. Projects Streets - Equip./Vehicle None Cash 30,000 30,000 EQS #12 - Case Front End Loader (2023) Replace 2045 Cap. Projects Streets - Equip./Vehicle None Cash 0 Plow #3 - International Snow Plow (2019) Cap. Projects Streets - Equip./Vehicle Future Issuance G.O. Debt 345,000 345,000 EQS #6 - Vermeer Chipper Cap. Projects Streets - Equip./Vehicle None Cash 110,000 110,000 Plow #4 - International Snow Plow (2022) Cap. Projects Streets - Equip./Vehicle Future Issuance G.O. Debt 360,000 360,000 EQS #4 - SnoGo Snowblower (2000) Cap. Projects Streets - Equip./Vehicle 2030 G.O. Notes G.O. Debt 150,000 150,000 EQS #3 - JLG Electric Boom Lift (2000) Cap. Projects Streets - Equip./Vehicle None Cash 65,000 65,000 EQS #2 - Water Reel (1999) Cap. Projects Streets - Equip./Vehicle None Cash 10,000 10,000 Sweep #1 - Isuzu (2009) Cap. Projects Streets - Equip./Vehicle 2030 G.O. Notes G.O. Debt 315,000 315,000 Sweep #1 - Isuzu (2009) Cap. Projects Streets - Equip./Vehicle None Cash 32,509 32,509 Sweep #1 - Isuzu (2009) Cap. Projects Streets - Equip./Vehicle None Cash 32,509 32,509 EQS #11 - Bobcat Tool Cat (2023) Replace in 2045 Cap. Projects Streets - Equip./Vehicle None Cash 0 CJIS Server replacement Cap. Projects Police None Cash 10,844 10,844 CJIS Server replacement Cap. Projects Police None Cash 10,844 10,844 CJIS Server replacement Cap. Projects Police None Cash 10,844 10,844 Motorola Server replacement Cap. Projects Police None Cash 10,000 10,000 Lexipol Policies Management Software Cap. Projects Police None Cash 0 Taser Replacements (every 5 years) Cap. Projects Police None Cash 20,000 20,000 20,000 60,000 Body Cameras Replacement (every 5 years) Cap. Projects Police None Cash 32,000 32,000 32,000 32,000 128,000 In-squad Motorola Watchguard cameras Cap. Projects Police None Cash 80,000 80,000 80,000 80,000 320,000 Midwest Fiber relocation Cap. Projects Municipal Complex None Cash 0 Server Replacement Cap. Projects Municipal Complex None Cash 0 11,000 11,000 22,000 Ice Machine Cap. Projects Clerk None Cash 0 6,000 6,000 4 Badger Books Cap. Projects Treasurer None Cash 12,000 12,000 ERP Install Cap. Projects Treasurer None Cash 165,115 165,115 ERP Annual Maintenance Cap. Projects Treasurer None Cash 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 400,000 VB Streaming System Cap. Projects Administration 2029 G.O. Notes G.O. Debt 150,000 150,000 VB Streaming System Cap. Projects Administration None Cash 150,000 150,000 Admin Conference Teams room Cap. Projects Administration None Cash 15,000 15,000 30,000 Card Readers Cap. Projects Municipal Complex None Cash 34,200 34,200 68,400 Strikes Cap. Projects Municipal Complex None Cash 30,000 30,000 60,000 Door Controllers Cap. Projects Municipal Complex None Cash 20,000 20,000 40,000 Network Switches Cap. Projects Municipal Complex None Cash 15,000 15,000 30,000 Access Points Cap. Projects Municipal Complex None Cash 13,000 13,000 26,000 JCC Replace Roof on existing building Cap. Projects Community Center 2029 G.O. Notes G.O. Debt 100,000 100,000 JCC HVAC Unit Replacement Cap. Projects Community Center None Cash 18,000 18,000 18,000 18,000 18,000 90,000 JCC Weight Room Cap. Projects Community Center None Grants/Aids 50,000 50,000 Fiber Internet and Security Cameras - Hickory Lane Park and Splash PCap. Projects Parks & Rec None Cash 45,000 45,000 Fiber Internet and Security Cameras - Jackson Park Cap. Projects Parks & Rec None Cash 75,000 75,000 Hickory Lane Park - path lighting and replacement of benches Cap. Projects Parks & Rec None Grants/Aids 0 Jackson Park - Picnic Table Replacement Cap. Projects Parks & Rec None Cash 17,000 17,000 Hasmer Lake Park - Acquisition of 2 adjacent properties Cap. Projects Parks & Rec None Grants/Aids 0 Hasmer Lake Park - Park Development per Master Plan (shelter, trails,Cap. Projects Parks & Rec None Grants/Aids 0 0 Hasmer Lake Park - Park Development Engineering Cap. Projects Parks & Rec None Special Assessment/Impact F 100,000 100,000 Hasmer Lake Park - Park Development per Master Plan (shelter, trails,Cap. Projects Parks & Rec 2027 G.O. Notes G.O. Debt 3,500,000 3,500,000 Dog Park Feasibilty Cap. Projects Parks & Rec 0 Dog Park Development Cap. Projects Parks & Rec 0 Jackson Park Master Plan, Long Range Planning Cap. Projects Parks & Rec 0 Jackson Park Skate Park, Equipment Replacement Cap. Projects Parks & Rec None Cash 50,000 50,000 100,000 Jackson Park South Playground (Equip replacement) Cap. Projects Parks & Rec 2030 G.O. Notes G.O. Debt 200,000 200,000 Jackson Park North Playground Cap. Projects Parks & Rec 2030 G.O. Notes G.O. Debt 50,000 50,000 Jackson Park Kitchen/Shelter #3 TBD Cap. Projects Parks & Rec None Cash 0 Jackson Park Concession Building TBD Cap. Projects Parks & Rec None Cash 0 Jackson Park Pickleball/Tennis/Basketball Court Surface ReplacemenCap. Projects Parks & Rec 2030 G.O. Notes G.O. Debt 150,000 150,000 Hickory Lane Inclusive Playground Cap. Projects Parks & Rec 2033 G.O. Notes G.O. Debt 400,000 400,000 Hickory Lane Splash Park Equipment Replacement Cap. Projects Parks & Rec None Cash 20,000 20,000 20,000 20,000 80,000 Meadowview Park Playground Cap. Projects Parks & Rec 2033 G.O. Notes G.O. Debt 100,000 100,000 Reis Park Playground Cap. Projects Parks & Rec None Cash 50,000 50,000 Trailer W #1 - Equipment Trailer (2044) Water Water - Equip./Vehicle None Cash 0 Truck W #1 - 5 Yard Dump Truck Water Water - Equip./Vehicle None Cash 225,000 225,000 Truck W #2 -Sierra 2500 Pick Up Truck Water Water - Equip./Vehicle None Cash 0 35,000 35,000 Truck W #3 - Sierra 2500 Pick Up Truck Water Water - Equip./Vehicle None Cash 35,000 35,000 Truck W #4 - Silverado Service 3500 Truck Water Water - Equip./Vehicle None Cash 90,000 90,000 Truck W #5 - Silverado Service 3500 Truck with Plow Water Water - Equip./Vehicle None Cash 105,000 105,000 EQW2 - Takeuchi TB 250 (2045) Water Water - Equip./Vehicle None Cash 0 Trailer W2 - Hydraulic Trailer (hydraulics, breaker, generator) Water Water - Equip./Vehicle None Cash 0 15,000 15,000 Fiber and Cameras to Well 1, 4 and 5 Water Water - Improvements None Cash 170,000 170,000 Addition to DPW and Water Utility Vehicle Garage Water Water - Equip./Vehicle 2027 G.O. Notes G.O. Debt 325,000 325,000 Addition to DPW and Water Utility Vehicle Garage Cap. Projects Public Works Facility 2027 G.O. Notes G.O. Debt 325,000 325,000 EQWW1-Portable 6" Pump Sewer Sewer - Equip./Vehicle None Cash 35,000 35,000 EQWW2 - Bobcat Skid Steer Loader Sewer Sewer - Equip./Vehicle None Cash 85,000 85,000 EQWW3 - Case IH Tractor and Mower Sewer Sewer - Equip./Vehicle None Cash 65,000 65,000 Truck WW #1 -Sterling 24' Stake Bed Truck Sewer Sewer - Equip./Vehicle None Cash 115,000 115,000 Truck WW #2 - GMC Pick up Truck Sewer Sewer - Equip./Vehicle None Cash 35,000 35,000 Trailer WW1- Sno-Bird Trailer Sewer Sewer - Equip./Vehicle None Cash 12,000 12,000 EQWW#4 -Aries Sewer Camera Sewer Sewer - Equip./Vehicle None Cash 15,000 15,000 Truck WW #3 - Chevy Service Truck Sewer Sewer - Equip./Vehicle None Cash 0 EQWW5 - Electric Scissors Lift Sewer Sewer - Equip./Vehicle None Cash 25,000 25,000 TrailerWW2 - Equipment Trailer Sewer Sewer - Equip./Vehicle None Cash 10,000 10,000 EQWW6 - Walk Behind Concrete Saw Sewer Sewer - Equip./Vehicle None Cash 9,000 9,000 EQWW7 - Lateral Push Camera Sewer Sewer - Equip./Vehicle None Cash 15,000 15,000 EQWW8 - Toro Turf Mower Sewer Sewer - Equip./Vehicle None Cash 16,000 16,000 EQWW9 - Kubota UTV Sewer Sewer - Equip./Vehicle None Cash 75,000 75,000 Truck WW #4 -Ford Bucket Truck Sewer Sewer - Equip./Vehicle None Cash 250,000 250,000 Truck WW #5 - International Vac Truck Sewer Sewer - Equip./Vehicle None Cash 450,000 450,000 EQWW10-Toro Mower Sewer Sewer - Equip./Vehicle None Cash 19,000 19,000 EQWW11 - Hathom Push Camera Sewer Sewer - Equip./Vehicle None Cash 15,000 15,000 2026 Fleet Addition - Pick Up Truck Sewer Sewer - Equip./Vehicle None Cash 35,000 35,000 Appendix B Page 4 of 12 Page 80 of 166 Fiber and Cameras to Lift Station Sherman Road Sewer Sewer - Improvements None Cash 35,000 35,000 Digitizing Clerk files, Treasurer Files, DPW files Cap. Projects Admininstration None Cash 25,000 25,000 Digitizing Clerk files, Treasurer Files, DPW files Cap. Projects Admininstration None Cash 25,000 25,000 Digitizing Clerk files, Treasurer Files, DPW files Cap. Projects Admininstration None Cash 25,000 25,000 Digitizing Clerk files, Treasurer Files, DPW files Cap. Projects Admininstration None Cash 25,000 25,000 Future Commercial Site Utility Improvements TID 7 TID 7 2027 G.O. Notes G.O. Debt 1,200,000 1,200,000 WWTP Improvements Phase 2A - Aeration Basin Sewer Sewer - Improvements None Cash 800,000 800,000 WWTP Improvements Phase 1 - Service Building Sewer Sewer - Improvements 2027 CWF Loan Revenue Debt 3,800,000 3,800,000 WWTP Improvements Phase 2A Sewer Sewer - Improvements 2028 CWF Loan Revenue Debt 13,600,000 13,600,000 WWTP Improvements Phase 2B Sewer Sewer - Improvements 2029 CWF Loan Revenue Debt 8,470,000 8,470,000 WWTP Improvements Phase 2B Sewer Sewer - Improvements None Cash 0 Actual CIP Costs 8,801,800 9,767,115 16,948,331 10,438,751 1,722,250 1,370,932 3,552,440 3,226,610 1,640,842 1,060,822 1,593,862 3,289,678 3,280,508 2,507,975 2,207,403 264,000 539,509 182,509 0 72,395,335 Sources of Funding G.O. Debt 3,733,154 5,415,000 2,971,243 1,619,907 1,237,688 674,183 2,560,110 2,945,710 1,012,922 178,174 337,421 912,559 1,960,804 1,025,977 681,468 0 360,000 0 0 27,626,319 Water 0 325,000 684,467 0 418,817 0 0 576,554 0 0 0 0 0 0 0 0 0 0 0 2,004,838 Sewer 0 0 684,467 0 418,871 0 461,330 576,554 0 0 0 0 0 0 0 0 0 0 0 2,141,222 Cap. Projects 3,208,154 3,890,000 984,467 410,000 400,000 674,183 551,330 1,406,554 193,538 178,174 337,421 912,559 556,652 1,025,977 681,468 0 360,000 0 0 15,770,476 Fire/EMS 525,000 0 617,842 1,209,907 0 0 1,547,450 386,048 819,384 0 0 0 1,404,152 0 0 0 0 0 0 6,509,783 TID 7 0 1,200,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,200,000 Revenue Debt 3,369,645 3,800,000 13,600,000 8,470,000 0 0 0 0 193,538 356,348 674,841 1,825,119 1,113,304 1,361,954 1,362,935 0 0 0 0 36,127,684 Water 1,177,045 0 0 0 0 0 0 0 193,538 178,174 337,421 912,559 556,652 680,977 681,468 0 0 0 0 4,717,834 Sewer 2,192,600 3,800,000 13,600,000 8,470,000 0 0 0 0 0 178,174 337,421 912,559 556,652 680,977 681,468 0 0 0 0 31,409,851 Cap. Projects 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Fire/EMS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TID 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Grants/Aids 112,000 0 50,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 162,000 Water 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sewer 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cap. Projects 0 0 50,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50,000 Fire/EMS 112,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 112,000 TID 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Special Assessment/Impact Fees 100,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100,000 Water 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sewer 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cap. Projects 100,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100,000 Fire/EMS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TID 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cash 1,487,000 552,115 327,088 348,844 484,562 696,749 992,330 280,900 434,382 526,300 581,600 552,000 206,400 120,044 163,000 264,000 179,509 182,509 0 8,379,332 Water 170,000 35,000 35,000 0 225,000 209,183 461,330 0 15,000 0 0 0 0 0 90,000 105,000 0 0 0 1,345,513 Sewer 911,000 80,000 44,000 125,000 19,000 209,183 0 97,000 258,538 450,000 0 250,000 75,000 0 0 0 0 0 0 2,518,721 Cap. Projects 384,000 437,115 138,000 113,844 147,200 76,000 531,000 75,000 160,844 45,000 450,000 302,000 25,000 120,044 73,000 159,000 179,509 182,509 0 3,599,065 Fire/EMS 22,000 0 110,088 110,000 93,362 202,384 0 108,900 0 31,300 131,600 0 106,400 0 0 0 0 0 0 916,034 TID 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total 8,801,800 9,767,115 16,948,331 10,438,751 1,722,250 1,370,932 3,552,440 3,226,610 1,640,842 1,060,822 1,593,862 3,289,678 3,280,508 2,507,975 2,207,403 264,000 539,509 182,509 0 72,395,335 Water 1,347,045 360,000 719,467 0 643,817 209,183 461,330 576,554 208,538 178,174 337,421 912,559 556,652 680,977 771,468 105,000 0 0 0 8,068,184 Sewer 3,103,600 3,880,000 14,328,467 8,595,000 437,871 209,183 461,330 673,554 258,538 628,174 337,421 1,162,559 631,652 680,977 681,468 0 0 0 0 36,069,793 Cap. Projects 3,692,154 4,327,115 1,172,467 523,844 547,200 750,183 1,082,330 1,481,554 354,382 223,174 787,421 1,214,559 581,652 1,146,021 754,468 159,000 539,509 182,509 0 19,519,541 Fire/EMS 659,000 0 727,930 1,319,907 93,362 202,384 1,547,450 494,948 819,384 31,300 131,600 0 1,510,552 0 0 0 0 0 0 7,537,817 TID 7 0 1,200,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,200,000 Debt Obligations 2026 G.O. Notes 3,733,154 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,733,154 2026 Revenue Bonds 3,369,645 0 0 0 0 0 0 0 0 0 3,369,645 2027 CWF Loan 0 3,800,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,800,000 2027 G.O. Notes 0 5,415,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,415,000 2028 G.O. Notes 0 0 2,971,243 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,971,243 2028 CWF Loan 0 0 13,600,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13,600,000 2029 G.O. Notes 0 0 0 1,619,907 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,619,907 2030 G.O. Notes 0 0 0 0 1,237,688 674,183 0 0 0 0 0 0 0 0 0 0 0 0 0 1,911,871 2032 G.O. Notes 0 0 0 0 0 0 2,560,110 0 0 0 0 0 0 0 0 0 0 0 0 2,560,110 2033 G.O. Notes 0 0 0 0 0 0 0 2,945,710 0 0 0 0 0 0 0 0 0 0 0 2,945,710 2029 CWF Loan 0 0 0 8,470,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,470,000 Future Issuance 0 0 0 0 0 0 0 0 1,206,460 534,522 1,012,262 2,737,678 3,074,108 2,387,931 2,044,403 0 360,000 0 0 13,357,363 None 1,699,000 552,115 377,088 348,844 484,562 696,749 992,330 280,900 434,382 526,300 581,600 552,000 206,400 120,044 163,000 264,000 179,509 182,509 0 8,641,332 Total 8,801,800 9,767,115 16,948,331 10,438,751 1,722,250 1,370,932 3,552,440 3,226,610 1,640,842 1,060,822 1,593,862 3,289,678 3,280,508 2,507,975 2,207,403 264,000 539,509 182,509 0 72,395,335 Notes: CIP as of November 2025. Appendix B Page 5 of 12 Page 81 of 166 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Review Updated 15-Year Capital Road Improvements Schedule (2027-2042) Meeting Date: June 30, 2026 – Board of Public Works Background and Analysis: This memo is intended to inform and remind the Board that during calendar year 2025, the Village contracted with Cedar Corporation to conduct the biennial PASER roadway ratings. During the Board's initial review of the results in January, members provided observations and recommendations regarding roads that should be added to, removed from, or moved within the Village's 15-Year Capital Roads Improvement Schedule (2027–2042). As a result, the schedule has been updated based on the PASER rating results, the Board's recommendations, and coordinated utility improvement needs. PASER (Pavement Surface Evaluation and Rating) scores roadways on a scale of 1 to 10, with 1 indicating failed pavement and 10 representing excellent condition. Following the 2025 assessment, staff are pleased to report that no Village roads received a rating of 1 or 2, and a significant number of roads were rated 6 or higher. The updated improvement schedule prioritizes roadways with PASER ratings of 3 and 4, which represent the lowest-rated roads within the Village. These projects began in 2026. As the plan progresses, roadways requiring less immediate attention are scheduled for improvement through 2042. Two notable changes to the schedule include the addition of the Village-owned portion of Jackson Drive between Sherman Road and Western Avenue, approximately 1,555 feet in length, which is proposed for improvement in 2027. Additionally, Glen Brooke Drive, beginning at Sherman Road and extending north approximately 2,800 feet to Glen Hill Drive, has been added to the schedule for future improvements. This updated schedule ensures that both roadway and underground utility infrastructure needs are strategically coordinated and addressed, maximizing efficiency, minimizing future disruptions, and providing long-term value to the Village. Please let me know if you have any questions or require additional information. JS Page 27 of 39 Page 82 of 166 Taking the lead in Washington County Recommendation: Board of Public Works reccommends the proposed 15-year Capital Road Improvements schedule be incorporated with the Financial Management Plan and Capital Projects plan in 2027. Page 28 of 39 Page 83 of 166 Improvement Year Improvement Project Description of Project Limits Year Installed Road Rating Length of Project (ft) Approximate Cost per foot Construction Cost Engineering Design & Inspection Total Cost of Project Scope of Work Funding Source Georgetown Drive Jackson Drive to Wilshire Drive 1993 3 1,109 $800.00 $887,200.00 $266,160.00 $1,300,000.00 Sanitary, Water, Storm with laterals, Streetlights Jackson Sewer and Water Utilities & General Fund Jackson Drive (North) 250 ft north of STH 60 to Park Road 1978 3 528 $775.00 $409,200.00 $122,760.00 $610,000.00 Sanitary, Water, Storm with laterals, Streetlights Jackson Sewer and Water Utilities & General Fund Jackson Drive (South) Jackson Drive & Twin Creeks Road 2015 5 & 6 1,555 $0.00 $125,000.00 Pulverize and Pave with gravel shoulder Capital Projects Glen Brooke Drive Sherman Road to Glen Hill Drive 2004 5 2,800 $0.00 $750,000.00 Pulverize and Pave, Curb & Gutter, Street Lights Capital Projects Industrial Drive STH 60 to north 2000 ft 2002 3 2,000 $806.00 $1,612,000.00 $483,600.00 $2,095,600.00 Sanitary, Water, Storm with laterals, Streetlights Jackson Sewer and Water Utilities & General Fund Westfield Drive Parkview Drive to Francis Drive 1994 3 1,640 $838.00 $1,374,320.00 $412,296.00 $1,786,616.00 Sanitary, Water, Storm with laterals, Streetlights Jackson Sewer and Water Utilities & General Fund Colonial Lane Hazelwood Lane to Westfield Drive 1994 4 620 $872.00 $540,640.00 $162,192.00 $702,832.00 Sanitary, Water, Storm with laterals, Streetlights Jackson Sewer and Water Utilities & General Fund Jackson Drive (South) 260 ft south of STH 60 to 1,000 ft south of 60 1986 6 740 $907.00 $671,180.00 $201,354.00 $872,534.00 Sanitary under creek, water main to 12 inch Jackson Sewer and Water Utilities Ridgeway Drive Willow Ridge to Highland 1995 3 1,200 $907.00 $1,088,400.00 $326,520.00 $1,414,920.00 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2031 N. Center Street STH 60 to Tower Drive 1990 4 1,320 $943.00 $1,244,760.00 $373,428.00 $1,618,188.00 Sanitary, Water, Storm with laterals, Streetlights Jackson Sewer and Water Utilities & General Fund 2032 Forest View Drive Hickory Lane to Dead End 1987 5 422 $981.00 $413,982.00 $124,194.60 $538,176.60 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2033 Eastwood Circle Forest View to Dead End 1987 4 370 $1,020.00 $377,400.00 $113,220.00 $490,620.00 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2034 Clover Lane Hickory Lane to Dead End 1988 5 422 $1,060.00 $447,320.00 $134,196.00 $581,516.00 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2035 Heather Drive Hickory Lane to Dead End 1987 5 422 $1,103.00 $465,466.00 $139,639.80 $605,105.80 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2036 Stonehedge Drive Forest View to Hickory Lane 1989 4 1,637 $1,147.00 $1,877,639.00 $563,291.70 $2,440,930.70 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2037 Hickory Lane Heather Drive to Sherman Road 1987 4 951 $1,193.00 $1,134,543.00 $340,362.90 $1,474,905.90 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund Old Orchard Court Ridgeway Drive to Dead End 1995 4 310 $1,241.00 $384,710.00 $115,413.00 $500,123.00 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund Cherry Hill Court Ridgeway Drive to Dead End 1995 5 300 $1,290.00 $387,000.00 $116,100.00 $503,100.00 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund Cherry Hill Circle Ridgeway Drive to Dead End 1995 5 300 $1,342.00 $402,600.00 $120,780.00 $523,380.00 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2039 Cedar Run Drive Hickory Lane to Dead End 1988 5 1,108 $1,396.00 $1,546,768.00 $464,030.40 $2,010,798.40 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2040 Hemlock Street Spruce Street to Hickory Lane 1991 5 1,056 $1,452.00 $1,533,312.00 $459,993.60 $1,993,305.60 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2041 Meadow Lane Industrial Drive to Dead End 1983 4 1,320 $1,510.00 $1,993,200.00 $597,960.00 $2,591,160.00 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2042 Spruce Street 600' West of Ridgeway to Termini 1993 5 550 $1,570.00 $863,500.00 $259,050.00 $1,122,550.00 Curb boxes, Manholes, storm laterals, streetlights Jackson Sewer and Water Utilities & General Fund 2028 2029 2038 Village of Jackson 15 year Capital Road Improvements (2027 to 2042) General Fund (Storm Sewer and Roadway), Sewer Utility, & Water Utility Proposed as of June 2026 2027 2030 Page 29 of 39 Page 84 of 166 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Review Updated 15-Year Capital Path Improvements Schedule (2027-2042) Meeting Date: June 30, 2026 – Board of Public Works Background and Analysis: This memo is intended to inform the Board of the updated Capital Path Improvements Plan for 2027–2042. The plan outlines the maintenance and replacement needs of the community’s paths to improve their longevity and ensure timely replacement once they reach the end of their useful life. A few key items to note: x In 2026, I anticipate completing maintenance on the Highway 60 south-side path and the Highway 60 north-side path at an approximate cost of $5,074. This work will be funded through the Streets Operating Budget. x In 2027, I am proposing maintenance of the Hickory Lane Park path. Funding for this project will also come from the General Operating Budget. x The first scheduled path replacement is not anticipated until 2030. The next path identified for replacement is the Jackson Drive south path along the east side, between White Oak Circle and Sherman Road, which received crack filling and seal coating maintenance in 2025. The attached Capital Path Improvements Plan provides a long-term schedule for maintaining and replacing the Village’s path infrastructure. This proactive approach will help preserve path conditions, extend service life, and support future budget planning. Please let me know if you have any questions or require additional information. JS Recommendation: Board of Public Works reccommends the proposed 15-year Capital Path Improvements schedule be incorporated with the Financial Management Plan and Capital Projects plan in 2027. Page 30 of 39 Page 85 of 166 Scheduled Year for Replacement Scheduled Year for Maintanance Improvement Project / Description Year Constructed Length of Path (ft) Width of Path (ft) Square Footage of path (SF) Maintenance Cost 2025/2026 Complete Construction Cost Maintenance Completed Replacement Completed Year 2024 2027 Hickory Lane Park - Path Around Outside of Hickory Park 1999 3,320 10 33,200 $5,757.00 $166,000.00 Full reconstrction 2024 2025 2028 Glen Brooke Drive (South) - Path From Glen Hill Drive to Sherman Road 2004 2,800 10 28,000 N/A $140,000.00 Full reconstrction 2025 2030 2025 Jackson Drive (South) - Path From White Oak Circle to Sherman Road 2000 2,500 10 25,000 $7,300.00 $150,000.00 Crack Fill & Seal Coat - 2025 2032 Hasmer Lake Path - Path From Industrial Drive to Hasmer Lake Parking Lot 2007 3,400 10 34,000 $6,833.00 $170,000.00 2038 Tilly Lake Path - Path From Apple Lane to Hwy P to Main St to Tilly Lake Rd to Tilly Lake CT 2012 - 2014 2,800 10 28,000 $8,568.00 $140,000.00 2041 2026 STH 60 (North side) - Path From Ridgeway Drive to Eagle Drive 2016 1,100 6 6,600 $1,556.00 $40,000.00 Crack Fill & Seal Coat - 2026 2043 Jackson Drive (North) - Path From Crestview Drive to Cedar Creek Road 2018 1,400 10 14,000 $3,433.00 $100,000.00 2047 2026 STH 60 (South side) - Path From Main Street Market to Eagle Drive 2022 1,900 10 19,000 $3,518.00 $100,000.00 Crack Fill & Seal Coat - 2026 19,220 187,800 $36,965.00 $1,006,000.00 Note: Cost is pulverizing the asphalt and paving 4 inches of asphalt. Note: A twenty-five (25) year life is being used for replacement. Note: All paths should receive maintenance to extend the life of the path. Village of Jackson 15 Year Capital Pathway Improvements (2027 to 2042) All funding through the General Fund Proposed as of June 2026 Page 31 of 39 Page 86 of 166 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Review Updated 15-Year Capital Vehicle and Equipment Improvements Schedule (2027-2042) Meeting Date: June 30, 2026 – Board of Public Works Background and Analysis: This memo is intended to inform the Board of the updated Vehicle and Equipment Capital Improvement Plan for 2027–2042. The plan outlines the anticipated vehicle and equipment replacement needs for each department and is based on the age, mileage, condition, and repair history of the Village's assets. Equipment is scheduled for replacement as it reaches the end of its useful service life. Key updates to the plan include: x The 2007 Chevrolet Impala, which was pr eviously scheduled for replacement in 2027, has been removed from the plan and will be retained as a spare vehicle. x Truck S#1, originally scheduled for r eplacement in 2027 for the Streets and Parks Supervisor, has been deferred to 2029. In its place, Dump Truck #2 has been moved forward for replacement in 2027. Replacing a frontline dump truck used by the crew was determined to be a higher priority than replacing a supervisor pickup truck. This change results in an approximate increase of $20,000 in funding for 2027. x Both Water Department pickup trucks hav e been deferred by one year, as neither vehicle has yet reached the end of its expected useful life based on condition and operational needs. Truck W#2 is now scheduled for replacement in 2028, and Truck W#3 is scheduled for replacement in 2029. In addition, the estimated replacement cost for each vehicle has increased from $35,000 to $50,000 to reflect current market conditions. x The replacement budget for Truck WW#2 has been increased from $35,000 to $50,000 to better reflect current vehicle acquisition costs. x Sewer Camera EQWW #5 has been removed from the replacement schedule entirely. Of the remaining cameras, EQWW #11 has been deferred from 2027 to 2028, and EQWW #4 has been deferred from 2027 to 2030. These cameras remain in good condition, have a longer anticipated service life, and only one unit is used regularly. Page 32 of 39 Page 87 of 166 Taking the lead in Washington County The attached Vehicle and Equipment Capital Improvement Plan provides a long-term strategy for maintaining and replacing the Village's vehicle and equipment assets. This proactive approach will help ensure the continued reliability of critical equipment, maximize asset service life, and support effective long-range budget planning. Please let me know if you have any questions or require additional information. JS Recommendation: Board of Public Works reccommends the proposed 15-year Capital Vehicle and Equipment Improvements schedule be incorporated with the Financial Management Plan and Capital Projects plan in 2027. Page 33 of 39 Page 88 of 166 Unit Number VIN Number Year Make Model Purchase Price Mileage / Hours N/A 2G4WS52J821270782 2002 Buick Century $5,000 81,886 Auction in 2026 ENG #1 2G1WS55R679289936 2007 Chevrolet Impala $17,663 83,423 Spare Remove ENG #2 1GCCS145X28229597 2002 Chevrolet S-10 Pick Up $7,444 72,250 ENG #3 2026 Chevrolet Colarado $34,956 N/A Trailer S #1 1F9FS182P1072283 1992 Feiling Tandem Axel Equipment Trailer $3,243 N/A Evaluate in 2030 $12,000.00 EQS #1 DW544EH536158 1992 John Deere 554EH Loader $117,000 4,363 $325,000.00 EQS #2 331323 1999 Kifco B140 Water Reel $5,900 N/A $10,000.00 EQS #3 111-8450300047630 2000 JLG Electric Boom Lift E300AJP $2,045 1,443 $65,000.00 EQS #4 3759 2000 Sno Go WK80 Snow Blower $113,734 278 $125,000.00 Bucket # 1 1GDJC34U12E298330 2002 GMC Sierra 3500 Bucket Truck $40,000 32,994 Evaluate in 2030 to take used WWTP truck $0.00 Dump #1 1GDJC34205E287385 2005 GMC Sierra 3500 1-Ton Dump Truck $32,000 81,843 Auction in 2026 Truck S#1 1GTEC14C77Z584121 2007 GMC Sierra 2500 Pick Up $18,000 77,972 $65,000.00 Plow #1 1HTWDAZR99J176240 2009 International 7400 Plow Truck $139.336.00 25,265 $300,000.00 Dump #2 1GDJK74KX9E142516 2009 GMC Sierra 3500 1-Ton Dump Truck $54,500 55,347 $85,000.00 Sweep #1 4GTM7F1B69F700324 2009 Isuzu RT 655/JT7F042 Street Sweeper $14,960 12,349 $315,000.00 EQS #5 CAT-0420ECDJL013T 2011 Caterpillar 420E Loader / Back Hoe $86.040.00 1,847 $250,000.00 EQS #6 1VR2161VXB10026 2011 Vermeer BC1500 Wood Chipper $36,311 2,180 Auction in 2026 Plow #2 1HTWDAZR9DJ352647 2013 International 7401 Plow Truck $158,000 18,857 330.00.00 Dump #3 1GD322CG2DF130825 2013 GMC Sierra 3500 1-Ton Dump Truck $25,806 41,075 $90,000.00 EQS #7 315000286 2015 Toro Sand-Pro Ball Field Groomer 3040 $16,442 420 $50,000.00 EQS #8 ARGR13503 2015 Bobcat Skid Steer Loader S590 $32,998 1,467 $75,000.00 EQS #9 402521243 2018 Exmark Turf Mower LZX921 $12,445 1,548 Auction in 2026 EQS #10 404821743 2019 Exmark Turf Mower LZX921 $12,390 1,421 Auction in 2026 Plow #3 3HAWDTAR5KL563835 2019 International 7402 Plow Truck $178,210 11,927 $345,000.00 Dump #4 1GB3YSE79NF214551 2022 Chevrolet Silverado 3500 1-Ton Dump Truck $64,640 14,877 $95,000.00 Plow #4 1HTEDTAR1NH876371 2022 International HV507 Plow Truck $195,000 6,108 $360,000.00 EQS #11 B4RC13082 2023 Bobcat Tool Cat M1225-P01-C01 $66,200 983 EQS #12 NPF260179 2023 Case 621 G Loader $270,500 292 Dump #5 1GB3KSE75SF335364 2025 Chevrolet 3500 HD 1-Ton Dump Truck $77,284 1,938 $100,000.00 Plow #5 3HAEDTAR5SL773203 2025 International HV507 Plow Truck (Truck Only) $126,789 1,736 Waiting on Final Build from Burke EQS #13 1VRD18AEXT1053343 2026 Vermeer BC1500 Wood Chipper $88,273 12 EQS #14 Z3400130 2026 Scag 72" Turf Tiger $16,000 17 $20,000.00 EQS #15 Z3400051 2026 Scag 72" Turf Tiger $16,000 32 $20,000.00 Truck W #1 1HTGBADR0WH533812 1998 International Dump Truck (Rehab in 2025, moved from streets to water) $84,878 50,873 Evaluate in 2030 $225,000.00 Truck W #2 1GTN1LEH5HZ232412 2017 GMC Sierra 2500 Pick Up $21,197 41,002 $50,000.00 Truck W #3 1GTN1LEN6HZ228322 2017 GMC Sierra 2500 Pick Up $21,197 40,373 $50,000.00 Truck W #4 1GB3YSE74LF343245 2020 Chevrolet SILVERADO 3500 Service Truck $46,363 39,586 $90,000.00 Truck W #5 1GB3WRE75MF226161 2021 Chevrolet SILVERADO 3500 Service Truck $43,233 34,501 $105,000.00 EQ W#2 125104451 2023 Takeuchi TB-250 $85,800 136 Trailer W #1 4L5FB282XRF07197 2024 Behnke Enterprises GDFB8X22TPT-20E (Equipment Trailer) $17,830 N/A Evaluate in 2045 Trailer W #2 4TCSU1065TH000560 1996 Triton Corp / Racine Hydraulics Hydraulic Trailer (hydraulics, breaker, generator) 476 $15,000.00 EQ WW #1 2909 1997 CH&E Portable 6" Pump $16,150 N/A $35,000.00 EQ WW #2 519025002 2002 Bobcat Skid Steer Loader 773 $22,000 3,080 $85,000.00 EQ WW #3 I843-C-290-1 2005 Case IH Tractor & Ruff Cut Mower & Brush Hog DX29 $10,000 970 $65,000.00 Truck WW #1 2FZACGDC75AU1318 2005 Sterling Acterra 24' Stake Bed Truck $20,625 85,160 $115,000.00 Truck WW #2 1GTEC14C57Z583212 2007 GMC Sierra 2500 Pick Up $18,000 86,496 $50,000.00 Trailer WW #1 139K81826 2011 Sno-Bird Trailer N/A $12,000.00 EQ WW #4 FT09033101 2014 Aries Pathfinder TR3300 Mainline Sewer Camera N/A $20,000.00 Truck WW #3 1GB3KYCG0FF146844 2015 Chevrolet Silverado 3500 Service Truck $24,605 62,944 Moving Tuck to Water Utility Fall 2026 EQ WW #5 EM81854 2016 Economy 2032 Electric Scissor Lift $16,000 N/A Auction in 2026 Trailer WW #2 16VFX1628G2076153 2016 Bix Tex Trailer Equipment Trailer $5,595 N/A $10,000.00 EQ WW #6 2800054 2018 Husqvarna Walk Behind Concrete Saw 20" $2,400 N/A $9,000.00 EQ WW #7 VTGTF1547D / OCB422 2018 Insight Vision Lateral Push Camera N/A Auction in 2026 Remove EQ WW #8 404452510 2019 Toro Turf Mower ZT60 (74926) $10,249 2,132 Spare EQ WW #9 A5KGZ6DBALG056691 2020 Kubota X1100C UTV $18,500 286 $75,000.00 Truck WW #4 1FDUF5HN9NDA19381 2022 Ford F550 Bucket Truck $136,559 3,365 2037 - Transfer to streets then sell 2002 from streets $250,000.00 Truck WW #5 3HAEGTAT4PL566098 2023 International HV 507 Vac Truck $122,582.0 0 Truck Only 2,403 $450,000.00 EQ WW #10 416252908 2023 Toro Turf Mower ZT60 (72967) 547 $19,000.00 EQ WW #11 HB-6781 2024 Hathorn Push Camera N/A $15,000.00 Truck WW #6 1FDFF5HN1SDA09447 2025 Ford F-550 (Truck Only) $57,316 100 Waiting on Final Build from Jackson Truck EQ WW #12 146D00084 2026 Scag 61" Turf Tiger $15,218 30 $20,000.00 Truck WW #7 1GCPTBEK2T1225160 2026 Chevrolet Colarado $34,956 309 EQ WW #13 2026 JLG 2632 Electric Scissors Lift $23,900 N/A Grand Total $135,000.00 $409,000.00 $315,000.00 $382,000.00 $334,000.00 $340,000.00 $117,000.00 $245,000.00 $450,000.00 $325,000.00 $250,000.00 $75,00 0.00 $345,000.00 $190,000.00 $200,000.00 $360,000.00 100 Fund $85,000.00 $300,000.00 $140,000.00 $137,000.00 $315,000.00 $340,000.00 $20,000.00 $145,000.00 $0.00 $325,000.00 $0.00 $0.00 $345,00 0.00 $100,000.00 $95,000.00 $360,000.00 200 Fund $0.00 $50,000.00 $50,000.00 $225,000.00 $0.00 $0.00 $0.00 $15,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $90,000.00 $105,000.00 $0.00 300 Fund $50,000.00 $59,000.00 $125,000.00 $20,000.00 $19,000.00 $0.00 $97,000.00 $85,000.00 $450,000.00 $0.00 $250,000.00 $75,000.00 $0.00 $0.00 $0.0 0$ 0 . 0 0 Notes 2029 2030 2031 15 Year Capital Vehicle & Equipment Improvements (2027 to 2042) 2037 2038 2039 2040 2041 Notes all replacement vales are an estimate based on 2026 dollars and subject to change with market conditions Village of Jackson Proposed as of June 2026 Engineering - Administration Vehicles Streets - Parks Vehicles & Equipment Water Utility Vehicles & Equimpent Wastewater Utility Vehicles & Equipment Totals for vehicle replacement by year 20422032 2033 2034 2035 20362027 2028 Page 34 of 39 Page 89 of 166 Taking the lead in Washington County. VILLAGE OF JACKSON WASHINGTON COUNTY, WISCONSIN Notice of Public Hearings PLEASE TAKE NOTICE: Notice is hereby given, pursuant to Section 19.84, Wis. Stats., and provisions of the Village of Jackson Code of ordinances, that the Village Board will conduct public hearings at 7:30 p.m. on Tuesday, July 14, 2026, at the Jackson Municipal Complex, located at N168W19851 Main Street, Jackson, WI, 53037 on: 1. Conditional Use and Site Plan Review for N168W20160 Main Street for Freedom Fellowship Church The hearing is open to the public and all interested parties are encouraged to attend the hearing and be heard. Requests from persons with disabilities who need assistance to participate in this meeting or hearings should be made to the Village Clerk’s Office with as much advanced notice as possible. A copy of the application and related materials are available for review by contacting the Zoning Director at 262-677-0707. You may also find a link of information on the Village Website (www.villageofjacksonwi.gov under Agendas & Minutes) Dated this 19th day of June 2026. Pamela Wolf Pamela Wolf Village Interim Clerk/Deputy Clerk Village of Jackson N168W19851 Main Street Jackson, WI 53037 (262) 677-9001 Ext. 210 pam.wolf@villageofjacksonwi.gov Posted: Friday, June 19, 2026 Published: Tuesday, June 30, 2026, and Tuesday, July 7, 2026 N168W19851 Main Street Jackson, WI 53037 Phone: 262-677-9001 Fax: 262-677-1710 www.villageofjacksowi.gov Page 90 of 166 June 9, 2026 Village of Jackson - Village Board Meeting Minutes Page 1 of 7 VILLAGE OF JACKSON VILLAGE BOARD MEETING Tuesday, June 9, 2026 at 7:30 PM Minutes 1. Call to Order and Roll Call The meeting was called to order at 7:30 PM by Pres. Heckendorf. Members Present: Pres. Heckendorf, Tr. Emmrich, Tr. Engelhardt, Tr. Kurtz, Tr. Olson, Tr. Schlenz and Tr. Wells Members Excused: None Members Absent: None Staff Present: Administrator Jen Heidtke, Inspections and Zoning Director Collin Johnson, Treasurer Darlene Smith, Public Works Director Jack Straehler, Fire Chief Aaron Swaney, Police Lieutenant Mike Foeger and Interim Clerk Pamela Wolf 2. Pledge of Allegiance The Pledge of Allegiance was recited by those in attendance. 3. Public Hearings a. Ordinance #26-03 - Amending Section 48-156 for PUD-04, Oaks of Jackson - Hillcrest Builders Pres. Heckendorf opened the floor for the public hearing. Nobody present wished to speak. Pres. Heckendorf closed the public hearing. 4. Village Citizen Comment on an Agenda Item (Please sign-in with the Clerk prior to speaking. Please note this is the Village Board's monthly business meeting, not a public hearing. People wishing to speak on an item on the agenda should present their comments under this agenda item. Each commenter will be limited to a total of 2 minutes.) None. 5. Consent Agenda a. Approval of Minutes of the Village Board Meeting of May 12, 2026 b. Resolution #26-23 - Adopting the 2025 Compliance Maintenance Annual Report for the Jackson Wastewater Treatment Facility c. Approval of Rental Request - Jackson Community Center - Democratic Party of Washington County Fundraiser d. Resolution #26-24 - Appreciation of Service to Brian Heckendorf - Jackson Fire Department e. Ordinance #26-07 Amending Chapter 2 of the Code of Ordinances of the Village of Jackson - Election Wards The motion to approve items 5a through 5c on the consent agenda, and to remove items 5d and 5e to address separately, was made by Tr. Olson and seconded by Tr. Emmrich. DRAFT Page 91 of 166 June 9, 2026 Village of Jackson - Village Board Meeting Minutes Page 2 of 7 Vote: 7 ayes, 0 nays. Motion carried. Pres. Heckendorf announced he's recusing himself from action on item 5d and the board needs to select an acting chair for action on the Resolution. Tr. Olson made a motion to serve as acting chair, Tr. Wells seconded. Vote: 6 ayes, 0 nays. Motion carried. Acting Chair Olson read the Resolution to all present. The motion to approve Resolution #26-24, a Resolution for the Appreciation of Service to Brian Heckendorf for his service on the Jackson Fire Department was made by Tr. Emmrich and seconded byTr. Engelhardt. Vote: 6 ayes, 0 nays. Pres. Heckendorf abstained. Motion carried. The motion to introduce Ordinance #26-07 was made by Tr. Olson and seconded by Tr. Engelhardt. Votes: 7 ayes, 0 nays. Motion carried. The motion to suspend the rules for a second reading of Ordinance #26-07 was made by Pres. Heckendorf and seconded by Tr. Emmrich. A roll call vote was taken: Pres. Heckendorf: Aye Tr. Emmrich: Aye Tr. Engelhardt: Aye Tr. Kurtz: Aye Tr. Schlenz: Aye Tr. Wells: Aye Tr. Olson: Aye Vote: 7 ayes, 0 nays. Motion carried. A motion to approve the second reading of Ordinance #26-07 was made by Tr. Olson and seconded by Tr. Emmrich. Vote: 7 ayes, 0 nays. Motion carried. 6. Approval of Licenses a. Class "A" Fermented Malt Beverages and "Class A" Intoxicating Liquors i. Center Village LLC (dba Village Mart, Agent Mandeep Dran) W213N16770 Glen Brooke Drive ii. Fox Bros. Piggly Wiggly, Inc. (dba Piggly Wiggly Supermarket 90, Agent Michael S. Olwig) W194N16774 Eagle Drive iii. Jackson Ellahi LLC (dba Hwy Store, Agent Mandeep Dran) N168W22224 Main Street DRAFT Page 92 of 166 June 9, 2026 Village of Jackson - Village Board Meeting Minutes Page 3 of 7 iv. K&A Petroleum, LLC (dba East Side Mart, Agent Kurt Kruepke) N168W19490 Main Street v. Walgreen Co. (dba Walgreens #11676, Agent Gregory Fechter) N168W21330 Main Street The motion to approve the Class "A" Fermented Malt Beverages and "Class A" Intoxicating Liquors Licenses for applicants 6a(i - v) as listed, conditional upon terms set forth in Village Code Sec. 4-24 was made by Tr. Emmrich and seconded by Tr.Engelhardt. Vote: 7 ayes, 0 nays. Motion carried. b. Class "B" Fermented Malt Beverages and "Class B" Intoxicating Liquors i. Barbara L. Holtz (dba Pizza Station, Agent Barbara Holtz) N168W22224 Main Street Suite D ii. Jackson Pub LLC (dba Jackson Pub, Agent: Jon Zandi) N168W20594 Main St. iii. KHD Ltd (dba Jimmy's Restaurant & Bar, Agent: Angie Koutsios) N168W21212 Main Street The motion to approve the Class "B" Fermented Malt Beverages and "Class B" Intoxicating Liquors Licenses for applicants 6b(i -iii) as listed, conditional upon terms set forth in Village Code Sec. 4-24 was made by Tr. Olson and seconded by Tr. Emmrich. Vote: 7 ayes, 0 nays. Motion carried. c. Cigarette/Tobacco/Vape Licenses i. Center Village LLC (dba Village Mart, Agent Mandeep Dran) W213N16770 Glen Brooke Drive ii. Fox Bros. Piggly Wiggly, Inc. (dba Piggly Wiggly Supermarket 90, Agent Michael S. Olwig) W194N16774 Eagle Drive iii. Jackson Ellahi LLC (dba Hwy Store, Agent Mandeep Dran) N168W22224 Main Street iv. K&A Petroleum, LLC (dba East Side Mart, Agent Annette Kruepke) N168W19490 Main Street v. TruVibe INC. (dba The Supply Plus, Agent Zachary Rozenboom) W213N16806 Industrial Drive vi. Walgreen Co. (dba Walgreens #11676, Agent Gregory Fechter) N168W21330 Main Street The motion to approve the Cigarette, Tobacco and Electronic Vaping licenses for applicants 6c(i -vi) as listed, conditional upon terms set forth in Village Code Sec. 4-24 was made by Tr. Wells and seconded by Tr. Kurtz. Vote: 7 ayes, 0 nays. Motion carried. d. Hotel/Motel Licenses i. AMA Hospitality, Inc. (dba Comfort Inn & Suites), W227N16890 Tillie Lake Court, Owner: AMA Hospitality, Inc. Corporate Agent: Alkesh Patel ii. Jackson Main Street Motel, W208N16831 N. Center Street, Owner: Larry Hamlin DRAFT Page 93 of 166 June 9, 2026 Village of Jackson - Village Board Meeting Minutes Page 4 of 7 The motion to approve Hotel/Motel Licenses for applicants 6d(i - ii) as listed, conditional upon terms set forth in Village Code Sec. 4-24 was made by Tr. Emmrich and seconded by Tr. Engelhardt. Vote: 7 ayes, 0 nays. Motion carried. 7. Budget and Finance Committee a. Letter of Credit Reduction - Maple Fields Subdivision Phase 3 - Neumann Development Inc. in the amount of $707,841.10 The motion to approve the Letter of Credit Reduction for Maple Fields Subdivision Phase 3 for Neumann Development in the amount of $707,841.10 was made by Tr. Wells and seconded by Tr. Emmrich. Vote: 7 ayes, 0 nays. Motion carried. b. Proposal Review - Fiber to Public Parks, Municipal Wells, and Municipal Lift Station - Midwest Fiber Network in the Amount of $133,850.00 The motion to approve the proposal for Fiber to the Public Parks, Municipal Wells and Municipal Lift Stationi from Midwest Fiber Network in the amount of $133,850.00 was made by Tr. Wells and seconded by Tr. Kurtz. Vote: 7 ayes, 0 nays. Motion carried. c. Proposal Review - Jackson Park Security Cameras - Pros4 Technology in the Amount of $19,341.28 The motion to approve the proposal from Pros4 Technology for Security Cameras for Jackson Park in the amount of $19,341.28 was made by Tr. Wells and seconded by Tr. Kurtz. Dir. Straehler made the board aware of forthcoming quotes for electric and additional cameras for the skateboard park and pickleball courts. The project is currently under budget, so there should still be enough funds to cover these additional expenses. Vote: 7 ayes, 0 nays. Motion carried. d. Proposal Review - Hickory Lane Park Security Cameras - Pros4 Technology in the Amount of $12,800.87 The motion to approve the proposal from Pros4 Technology for the Security Cameras at Hickory Lane Park in the amount of $12,800.87 was made by Tr. Schlenz and seconded byTr. Kurtz. Vote: 7 ayes, 0 nays. Motion carried. e. 2026 Schedule to Prepare the 2027 Municipal Budget and Update the Financial Management Plan A brief discussion regarding the proposed budgeting timeline took place. Pres. Heckendorf advised Administrator Heidtke to proceed with the schedule as proposed. DRAFT Page 94 of 166 June 9, 2026 Village of Jackson - Village Board Meeting Minutes Page 5 of 7 8. Plan Commission a. Ordinance #26-03 - Amending Section 48-156 for PUD-04, Oaks of Jackson - Hillcrest Builders The motion to introduce Ordinance #26-03 was made by Tr. Olson and seconded by Pres. Heckendorf. Votes: 7 ayes, 0 nays. Motion carried. The motion to suspend the rules for a second reading of Ordinance #26-03 was made by Pres. Heckendorf and seconded by Tr. Olson. A roll call vote was taken: Pres. Heckendorf: Aye Tr. Emmrich: Aye Tr. Engelhardt: Aye Tr. Kurtz: Aye Tr. Schlenz: Aye Tr. Wells: Aye Tr. Olson: Aye Vote: 7 ayes, 0 nays. Motion carried. A motion to approve the second reading of Ordinance #26-03 was made by Tr. Olson and seconded by Pres. Heckendorf. Vote: 7 ayes, 0 nays. Motion carried. 9. Board of Public Works a. Ordinance #26-06 - Amending Chapter 8 of Village Code, Regarding Sec. 8-167 - Cross Connection Control The motion to introduce Ordinance #26-06 was made by Tr. Wells and seconded by Tr. Emmrich. Votes: 7 ayes, 0 nays. Motion carried. The motion to suspend the rules for a second reading of Ordinance #26-06 was made by Pres. Heckendorf and seconded by Tr. Emmrich. A roll call vote was taken: Pres. Heckendorf: Aye Tr. Emmrich: Aye Tr. Engelhardt: Aye Tr. Kurtz: Aye Tr. Schlenz: Aye Tr. Wells: Aye Tr. Olson: Aye Vote: 7 ayes, 0 nays. Motion carried. A motion to approve the second reading of Ordinance #26-06 was made by Tr. Wells and DRAFT Page 95 of 166 June 9, 2026 Village of Jackson - Village Board Meeting Minutes Page 6 of 7 seconded by Tr. Emmrich. Vote: 7 ayes, 0 nays. Motion carried. 10. West Bend School District Tr. Wells reported the end of the school year. The upcoming school year is the last of the high school split into two high schools one building. 11. Washington County Board Report No report. 12. Greater Jackson Business Alliance Pres. Heckendorf reported Action in Jackson as a three-day event was well received. He thanked all the volunteers. 13. Mid-Moraine Municipal Association Report Last meeting was a dinner meeting in Saukville, upcoming next meeting will be September 9th and dinner meeting September 23rd. 14. Closed Session Pursuant to Wis. Stats. §19.85(1)(c) "considering employment, promotion, compensation, or performance evaluation data of any public employee over which the Village has jurisdiction or exercises responsibility." §19.85(1)(e) "deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session," and §19.85(1)(g) "Conferring with legal counsel for the governmental body who is rendering oral or written advice concerning strategy to be adopted by the body with respect to litigation in which it is or is likely to become involved". The closed session is for the following purposes: 1. Insurance Liability Claim - Ryan Ganshow 2. To Discuss Pending Employment Matters with Specific Employees 3. To Discuss a Development Agreement with West Bend School District 4. To Discuss Village Square Development The motion to proceed into closed session pursuant to Wis. Stats. §19.85(1)(c), (e) and (g) was made by Pres. Heckendorf and seconded by Tr. Emmrich. A roll call vote was taken: Pres. Heckendorf: Aye Tr. Emmrich: Aye Tr. Engelhardt: Aye Tr. Kurtz: Aye Tr. Schlenz: Aye Tr. Wells: Aye Tr. Olson: Aye DRAFT Page 96 of 166 June 9, 2026 Village of Jackson - Village Board Meeting Minutes Page 7 of 7 Vote: 7 ayes, 0 nays. Motion carried. The meeting proceeded into closed session at 7:52 PM. Those present in the closed session were the Board members, Administrator Heidtke and Director Straehler for item 1 of closed session. 15. Reconvene in Open Session with Possible Action Related to the Subject of the Preceding Closed Session The motion to reconvene in open session was made by Pres. Heckendorf and seconded by Tr. Emmrich. Vote: 7 ayes, 0 nays. Motion carried. The meeting proceeded into open session at 9:36 PM The motion to disallow the insurance liability claim was made by Tr. Olson and seconded by Tr. Schlenz. Vote: 7 ayes, 0 nays. Motion carried. 16. Adjourn The motion to adjourn the meeting was made by Tr. Emmrich and seconded by Tr. Engelhardt. Vote: 7 ayes, 0 nays. Motion carried. The meeting adjourned at 9:37 PM. Respectfully Submitted, Pamela Wolf Interim Clerk Village of Jackson DRAFT Page 97 of 166 Resolution #26-26 1 STATE OF WISCONSIN VILLAGE OF JACKSON WASHINGTON COUNTY RESOLUTION #26-26 HONORING CAPTAIN JEFF FROEMMING FOR 26 YEARS OF SERVICE TO THE JACKSON FIRE DEPARTMENT The Village Board of the Village of Jackson, Washington County, Wisconsin, does resolve as follows: WHEREAS, Captain Jeff Froemming has faithfully served the residents of the Village of Jackson and the Jackson Fire Department for 26 years with dedication, professionalism, and integrity; and WHEREAS, throughout his tenure with the Jackson Fire Department, Captain Froemming has consistently demonstrated outstanding commitment to the protection of life and property, serving not only as a firefighter and officer, but also as a trusted leader, mentor, and active member of the department; and WHEREAS, Captain Froemming’s service has extended beyond the community through his distinguished military career, during which he honorably served his country with multiple deployments around the world; and WHEREAS, over the course of more than two decades, Captain Froemming has responded to countless emergencies, Commanded numerous fires, assisted residents in times of need, and contributed significantly to the success of the Jackson Fire Department; and WHEREAS, department records demonstrate Captain Froemming attended meetings, trainings, emergency responses, classes, and on-call hours, dedicating approximately 30,000 hours of service to the Jackson Fire Department and the community; and WHEREAS, Captain Froemming has earned the respect and appreciation of his fellow firefighters, Village officials, and the community through his steady leadership, dependability, and unwavering dedication; NOW, THEREFORE, BE IT RESOLVED, by the Village Board of the Village of Jackson, Wisconsin, hereby expresses its sincere gratitude and appreciation to Captain Jeff Froemming for 26 years of service to the Jackson Fire Department and to the community. BE IT FURTHER RESOLVED, that the Village Board extends its congratulations and best wishes to Captain Froemming on his retirement from both the Jackson Fire Department and military service, and thanks him for the lasting impact he has made through his years of faithful and honorable service. Page 98 of 166 Resolution #26-26 2 Introduced by: _____________________ Seconded by: _________ Vote: Ayes Nays Passed and Approved: ____________________________________ Brian J. Heckendorf – Village President Attest: Lisa Heiser – Village Clerk Proof of Posting: I the undersigned, certify that I posted this Resolution on posting boards at the Jackson Municipal Complex, Post Office, and one other location in the Village. Village Official Date Page 99 of 166 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Pay Request #1 - 2026 Street Improvement Projects - Eagle Drive, Hawthorn Drive, Aspen Drive, and Linden Drive - Vinton Construction in the amount of $112,803.94 Meeting Date: June 30, 2026 - Board of Public Works Background and Analysis: This memo is to inform the Board of Pay Request #1 from Vinton Construction in the amount of $112,803.94 for work completed on the 2026 Street Improvement Projects of Eagle Drive, Hawthorn Drive, Aspen Drive, and Linden Drive. The work has been reviewed and verified for accuracy and completion in accordance with the project contract documents and schedule. Funding for this payment will come from Account Numbers: 600-00-56700-400-000 (Capital Projects Repairs/Construction) 54% $60,914.13 300-00-17600-000-380 (Sewer Construction Work) 39% $43,993.54 200-00-18600-395-000 (Water Construction Work) 7% $7,896.27 If you have any questions, please let me know. JS Recommendation: Board of Public Works recommends the Budget and Finance Committee and the Village Board approve Pay Request #1 for Vinton Construction in the amount of $112,803.94. Page 100 of 166 Cedarburg • Green Bay • Madison • Menomonie Community Infrastructure • Architecture • Environmental Services W61N497 Washington Avenue Cedarburg, WI 53012 262-204-2360 www.cedarcorp.com June 2, 2026 Village of Jackson N168 W20733 Main Street PO Box 637 Jackson, WI 53037 Attn: Mr. Jack Straehler II, Director of Public Works Subject: Contractor’s Application for Payment No. 1 Eagle Drive, Hawthorn Drive, Aspen Drive & Linden Drive Reconstruction 2026 Cedar Project No. 05789-0029 Dear Mr. Straehler: Enclosed for your use in payment to Vinton Construction Company in the amount of $112,803.94 is Contractor’s Application for Payment No. 1. Following your review and approval, please complete the application for payment forms within the areas reserved for the Owner. Thereafter, retain one copy for your records, provide the second copy to the Contractor with payment and provide the third copy to our office. Should you have any questions, please feel free to contact me at our Cedarburg office. Sincerely, CEDAR CORPORATION Douglas T. Kroes Senior Construction Manager Enclosed: Contractor’s Application for Payment No. 1 Cc: Grant Manion, Vinton Construction Company Page 101 of 166 6/2/26 Page 102 of 166 Unit Price Progress Estimate B C D E F G H I J Quantity Amount Quantity Amount Quantity Amount Quantity Amount 100-01 1 LS $5,750.00 1 $5,750.00 1 $5,750.00 100.0% 100-02 3790 LF $4.60 100-03 3805 SY $7.16 100-04 7685 CY $26.97 100-05 755 CY $24.00 100-06 1685 SY $7.12 100-07 795 TON $16.50 100-08 7800 TON $16.50 100-09 1660 TON $21.37 100-10 1755 TON $69.00 100-11 1170 TON $65.90 100-12 545 TON $98.20 100-13 10 SY $59.00 100-14 40 LF $50.00 100-15 5405 LF $18.55 100-16 60 LF $45.00 100-17 23645 SF $6.80 100-18 140 SF $8.20 100-19 50 SF $35.00 100-20 2605 SY $75.75 100-21 8 CY $1,200.00 100-22 1 EA $200,000.00 0.25 $50,000.00 0.25 $50,000.00 25.0% 100-23 885 LF $2.11 885 $1,867.35 885 $1,867.35 100.0% 100-24 40 LF $9.06 40 $362.40 40 $362.40 100.0% 100-25 30 EA $34.07 30 $1,022.10 30 $1,022.10 100.0% 100-26 6 EA $104.50 6 $627.00 6 $627.00 100.0% 100-27 10 EA $71.50 10 $715.00 10 $715.00 100.0% 100-28 27 EA $71.50 27 $1,930.50 27 $1,930.50 100.0% 100-29 11400 SY $7.01 100-30 2700 SY $8.23 100-31 4 CY $500.00 100-32 2380 SY $2.00 100-33 1 LS $28,000.00 0.25 $7,000.00 0.25 $7,000.00 25.0% 100-34 1 LS $3,500.00 100-35 2 EA $7,000.00 100-36 4492 LF $2.40 100-37 17 LF $16.00 Topsoil, Seed, Fertilizer, and Mulch Riprap Medium w/ Geotextile Fabric Type HR Geotextile Fabric Type SAS Traffic Control Permanent Signing Rectangular Rapid Flashing Beacon (STA 67+18) Marking Line Epoxy 4-Inch Marking Stop Line Epoxy 18-Inch % Comp.Bid No. Description Previous Applications This Application Materials Stored Total Completed & Stored to Date (C+E+G) Contractor's Application 1 3/1/26 - 5/31/26 May 29, 2026 Eagle Drive, Hawthorn Drive, Aspen Drive, Linden Drive A Item Estimated Bid Quantity Unit Price Quantity Completed Project: Application Period: Application Number: Application Date: HMA Pavement 3 LT 58-28 S HMA Pavement 4 LT 58-28 S Asphaltic Surface Driveways Asphaltic Flumes Concrete Curb & Gutter 18-Inch Type D Concrete Curb Pedestrian Concrete Sidewalk 4-Inch Concrete Sidewalk 6-Inch Clearing & Grubbing Removing Curb & Gutter Removing Concrete Driveways and Sidewalk Excavation Common Excavation Below Subgrade Pulverize and Relay Base Aggregate Dense 3/4-Inch Base Aggregate Dense 1 1/4-Inch Base Aggregate Dense 3-Inch Concrete Curb & Gutter 30-Inch Type D Temporary Ditch Checks Culvert Pipe Checks Inlet Protection Type A Inlet Protection Type B Inlet Protection Type C Curb Ramp Detectable Warning Field Natural Patina Concrete Driveway 7-Inch Concrete Surface Drains Mobilization Silt Fence Topsoil, Seed, Fertilizer, and Erosion Mat 00 62 76 - 2 Page 103 of 166 Unit Price Progress Estimate B C D E F G H I J Quantity Amount Quantity Amount Quantity Amount Quantity Amount % Comp.Bid No. Description Previous Applications This Application Materials Stored Total Completed & Stored to Date (C+E+G) Contractor's Application 1 3/1/26 - 5/31/26 May 29, 2026 Eagle Drive, Hawthorn Drive, Aspen Drive, Linden Drive A Item Estimated Bid Quantity Unit Price Quantity Completed Project: Application Period: Application Number: Application Date: 100-38 12 LF $8.00 100-39 145 LF $10.75 100-40 675 LF $2.50 675 $1,687.50 675 $1,687.50 100.0% 100-41 1085 LF $3.00 62 $186.00 62 $186.00 5.7% 200-01 12 EA $400.00 200-02 3 EA $400.00 200-03 254 LF $30.00 200-04 1 CY $400.00 200-05 1 EA $300.00 200-06 8 EA $400.00 200-07 6 EA $520.00 200-08 1 EA $1,840.00 200-09 196 LF $56.07 200-10 907 LF $64.52 200-11 681 LF $66.68 320 $21,337.60 320 $21,337.60 47.0% 200-12 291 LF $121.54 200-13 98 LF $142.59 200-14 70 LF $51.81 34 $1,761.54 34 $1,761.54 48.6% 200-15 1063 LF $52.10 260 $13,546.00 260 $13,546.00 24.5% 200-16 29 LF $57.68 200-17 2807 LF $24.70 120 $2,964.00 120 $2,964.00 4.3% 200-18 151 LF $50.00 200-19 15 EA $3,784.00 1 $3,784.00 1 $3,784.00 6.7% 200-20 7 EA $4,200.00 1 $4,200.00 1 $4,200.00 14.3% 200-21 3 EA $5,000.00 200-22 7 EA $3,075.95 200-23 2 EA $950.00 200-24 33 EA $100.00 200-25 1 EA $150.00 200-26 3 EA $250.00 300-01 4 EA $2,000.00 300-02 3 EA $500.00 300-03 40 LF $75.00 300-04 4 EA $815.00 300-05 44 EA $528.00 300-06 44 LF $115.76 300-07 2 EA $3,000.00 Marking Diagonal Epoxy 12-Inch Marking Crosswalk Epoxy Transverse Line 6-Inch Sawing Concrete Removing Small Pipe Culverts Removing Storm Sewer Structures Removing Storm Sewer Connect to Existing Water Main Fitting Connect to Existing Storm Sewer Lateral Apron Endwalls For Pipe Arch Steel 24X18-Inch Apron Endwalls For Culvert Pipe Reinforced Concrete 12-Inch Apron Endwalls For Culvert Pipe Reinforced Concrete Horizontal Elliptical 19x30-Inch Sawing Asphalt Remove and Replace Water Service Curb Box Water Main PVC 6-Inch Water Gate Valve 6-Inch Connect to Existing Storm Sewer Pipe Remove Hydrant Remove Gate Valve Remove Water Main Manholes 5-FT Diameter w/ Casting Inlets Median 1 Grate w/ Casting Adjusting Inlet Covers Connect to Existing Sump Pump Discharge Catch Basins 2.5x3-FT w/ Casting Storm Sewer Pipe PVC 4-Inch - Trenched Storm Sewer Pipe HDPE 4-Inch - Directionally Drilled Manholes 4-FT Diameter w/ Casting Storm Sewer Pipe Class III-A 12-Inch Storm Sewer Pipe Class III-A 15-Inch Storm Sewer Pipe HDPE 12-Inch Pipe Arch Corrugated Steel 24X18-Inch Storm Sewer Pipe Reinforced Concrete Class IV 12-Inch Storm Sewer Pipe Reinforced Concrete Class IV 15-Inch Storm Sewer Pipe Reinforced Concrete Horizontal Elliptical Class HE-IV 14x23-Inch Storm Sewer Pipe Reinforced Concrete Horizontal Elliptical Class HE-IV 19x30-Inch Abandoning Storm Sewer Apron Endwalls For Pipe Steel 12-Inch 00 62 76 - 3 Page 104 of 166 Unit Price Progress Estimate B C D E F G H I J Quantity Amount Quantity Amount Quantity Amount Quantity Amount % Comp.Bid No. Description Previous Applications This Application Materials Stored Total Completed & Stored to Date (C+E+G) Contractor's Application 1 3/1/26 - 5/31/26 May 29, 2026 Eagle Drive, Hawthorn Drive, Aspen Drive, Linden Drive A Item Estimated Bid Quantity Unit Price Quantity Completed Project: Application Period: Application Number: Application Date: 300-08 1 EA $3,734.00 300-09 4 EA $7,500.00 300-10 1 EA $2,000.00 300-11 21 EA $200.00 300-12 192 SF $5.00 400-01 12 EA $1,000.00 400-02 12 VF $436.00 500-01 4218 LF $9.00 500-02 1012 LF $15.00 500-03 4044 LF $1.10 500-04 3753 LF $2.00 500-05 15429 LF $2.75 500-06 23 EA $3,000.00 500-07 2 EA $3,000.00 500-08 1 EA $3,300.00 500-09 1 EA $2,500.00 500-10 23 EA $900.00 500-11 3 EA $1,200.00 A1-01 2665 TON $16.50 A1-02 705 TON $66.80 A1-03 470 TON $71.00 A1-04 2080 LF $18.15 A2-01 1775 TON $16.50 A2-02 4010 SY $75.75 A2-03 2080 LF $18.65 $118,740.99 $118,740.99TOTAL Conduit Rigid Nonmetallic 2-Inch Conduit Special 2-Inch Electrical Wire Lighting 12 AWG Electrical Wire Lighting 6 AWG Water Gate Valve 8-Inch Hydrant Furnish and Install Lighting Unit Type A Furnish and Install Lighting Unit Type B - Single Furnish and Install Lighting Unit Type B - Twin Electrical Service Meter Breaker Pedestal Special Quazite Pull Boxes 12X12X24-Inch Electrical Wire Lighting 4 AWG Hydrant Extension Adjusting Water Valves Polystyrene Insulation Sanitary Sewer Manhole Covers Type J-Special Reconstructing Sanitary Sewer Manhole Concrete Base Type 5 Tall Base Aggregate Dense 1 1/4-Inch HMA Pavement 3 LT 58-28 S Base Aggregate Dense 1 1/4-Inch Concrete Pavement 8-Inch Concrete Curb & Gutter 30-Inch Type A HMA Pavement 4 LT 58-28 H Concrete Curb & Gutter 30-Inch Type D 00 62 76 - 4 Page 105 of 166 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Pay Request #1 – 2026 Wastewater Treatment Plant Fill Removal Project – BMCI Construction in the amount of $118,802.25 Meeting Date: June 30, 2026 – Board of Public Works Background and Analysis: This memo is to inform the Board of Pay Request #1 from BMCI Construction in the amount of $118,802.25 for work completed on the 2026 Wastewater Treatment Plant Fill Removal Project. The work has been reviewed and verified for accuracy and completion in accordance with the project contract documents and schedule. Funding for this payment will come from Account Numbers: 300-00-57320-834-000 (Sewer - Building / Grounds Maintenance) $59,401.12 200-00-52000-625-301 (Water – Building / Grounds Maintenance) $59,401.13 If you have any questions, please let me know. JS Recommendation: Board of Public Works recommends the Budget and Finance Committee and the Village Board approve Pay Request #1 for BMCI Construction in the amount of $118,802.25. Page 106 of 166 Cedarburg • Green Bay • Madison • Menomonie Community Infrastructure • Architecture • Environmental Services W61N497 Washington Avenue Cedarburg, WI 53012 262-204-2360 www.cedarcorp.com June 9, 2026 Village of Jackson N168 W20733 Main Street PO Box 637 Jackson, WI 53037 Attn: Mr. Jack Straehler II, Director of Public Works Subject: Contractor’s Application for Payment No. 1 WWTP Fill Permitting Cedar Project No. 05789-0026 Dear Mr. Straehler: Enclosed for your use in payment to BMCI Construction, Inc. in the amount of $118,802.25 is Contractor’s Application for Payment No. 1. Following your review and approval, please complete the application for payment forms within the areas reserved for the Owner. Thereafter, retain one copy for your records, provide the second copy to the Contractor with payment and provide the third copy to our office. Should you have any questions, please feel free to contact me at our Cedarburg office. Sincerely, CEDAR CORPORATION Douglas T. Kroes Senior Construction Manager Enclosed: Contractor’s Application for Payment No. 1 Cc: Mark Foyse, BMCI Construction, Inc. Page 107 of 166 6/9/26 Page 108 of 166 Page 109 of 166 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Reimbursement Request #16 - 2024 Wastewater Treatment Plant Tertiary Filters and UV Disinfection Project - Clean Water Fund Loan in the amount of $39,575.63 Meeting Date: June 30, 2026 – Board of Public Works Background and Analysis: This memo is to inform the Board of the C lean Water Fund Loan Reimbursement Request #16 in the amount of $39,575.63 for professional engineering service and work completed on the Wastewater Treatment Plant Tertiary Filters and UV Disinfection Project. The work has been reviewed and verified for accuracy and completion in accordance with the project contract documents and schedule. Funding from this payment will reimburse Account Number: 300-00-17600-000-380 (Sewer Construction Work) If you have any questions, please let me know. JS Recommendation: Board of Public Works recommends the Budget and Finance Committee and the Village Board approve the Clean Water Fund Loan Reimbursement Request #16 in the amount of $39,575.63. Page 110 of 166 Page 111 of 166 Page 112 of 166 Page 113 of 166 Page 114 of 166 [OFFICE STREET ADDRESS], [OFFICE ADDRESS2] [OFFICE CITY], [OFFICE STATE] [OFFICE ZIP] P [OFFICE PHONE] x TF [OFFICE TOLL FREE] x F [OFFICE FAX] [OFFICE WEBSITE] Page 1 of 1 G:\05\05900\05900011\_Construction\11-Pay Apps_Change Orders\Pay App No. 03\05900011 Pay App No. 3 Memo.docx Memo To: Tyler Mentzel, Parks & Recreation Director From: Shelley Granberg, Project Manager Subject: Cedar Creek Dog Park Pay Application No. 2 Date: July 8, 2026 MSA recommends review and processing of the attached Pay Application No. 3 in the amount of $61,605.51 from Lowe Underground, Inc. for work completed on the Village’s Cedar Creek Dog Park project. Once approved please retain a copy of the pay application for your records and return a copy of the signed pay application to MSA. Summary of Work: Clearing, Grubbing, and Tree Removal x Additional clearing and tree removal was performed by the Contractor at the request of the Village. Trail Installation Progress x Additional dense graded base 1/14 inch was delivered and installed on all trails at the request of the Village. x Fencing has been installed throughout most of the park with some yet to be installed along Hickory Lane. Project Schedule x Substantial completion is May 15, 2026; final completion is June 15, 2026. Both dates have passed and the Contractor has been notified that they have not met substantial or final completion. Page 115 of 166 From 1. 2. 3. 4. 5. a. X b. X c. 6. 7. 8. 9. PAYMENT OF: Contractor: Lowe Underground, Inc. Contractor's Project No.: Project: Village of Jackson Cedar Creek Dog Park Contractor's Application for Payment Owner: Village of Jackson Owner's Project No.: Engineer: MSA Professional Services, Inc. Engineer's Project No.: 059000007/-11 Contract: Application No.: 03 Application Date: 6/30/2026 Original Contract Price 217,614.10$ Net change by Change Orders -$ Application Period: 2/28/2026 to 6/30/2026 Retainage 5% $ 163,320.60 Work Completed 8,166.03$ Current Contract Price (Line 1 + Line 2) 217,614.10$ Total Work completed and materials stored to date (Sum of Column G Lump Sum Total and Column G Unit Price Total) 163,320.60$ Amount eligible to date (Line 4 - Line 5.c) 155,154.57$ Less previous payments (Line 6 from prior application) 93,549.06$ Amount due this application 61,605.51$ $ - Stored Materials -$ Total Retainage (Line 5.a + Line 5.b) 8,166.03$ Contractor: Signature: Date: Balance to finish, including retainage (Line 3 - Line 4, plus 5c) 62,459.53$ Contractor's Certification The undersigned Contractor certifies, to the best of its knowledge, the following: 61,605.51$ (line 8 or other - attach explanation of the other amount) Recommended by Engineer Approved by Owner By: By: Title: Project Manager Title: Date: 7/8/2026 Date: Approved by Funding Agency By: By: Date: Date: Title: Title: EJCDC® C-620 Contractor's Application for Payment © National Society of Professional Engineers for EJCDC. All rights reserved. 00 62 76 - 1 of 1G:\05\05900\05900011\_Construction\11-Pay Apps_Change Orders\Pay App No. 03\Pay App 3 Wilsurge Electric 07/08/2026 Page 116 of 166 Progress Estimate - Unit Price Work Contractor's Application Application Number: Application Date: 1 MOBILIZATION, BONDS & INSURANCE 1 LS $16,000.00 $16,000.00 1.00 0.0 $0.00 1.00 $16,000.00 $0.00 $16,000.00 100.0% $0.00 2 CONSTRUCTION LAYOUT 1 LS $3,850.00 $3,850.00 0.00 0.0 $0.00 $0.00 $0.00 $0.00 0.0% $3,850.00 3 EROSION AND SEDIMENTATION CONTROL 1 LS $7,650.00 $7,650.00 1.00 0.0 $0.00 1.00 $7,650.00 $0.00 $7,650.00 100.0% $0.00 4 TURF AND SITE RESTORATION 1 LS $42,841.00 $42,841.00 0.80 0.0 $0.00 0.80 $34,272.80 $0.00 $34,272.80 80.0% $8,568.20 5 CLEARING AND GRUBBING 1 LS $21,244.00 $21,244.00 0.75 0.00 $0.00 0.75 $15,933.00 $0.00 $15,933.00 75.0% $5,311.00 6 UNCLASSIFIED EXCAVATION 1 LS $16,750.00 $16,750.00 0.70 0.0 $0.00 0.70 $11,725.00 $0.00 $11,725.00 70.0% $5,025.00 7 5-INCH CONCRETE SIDEWALK WITH BASE 450 SF $14.50 $6,525.00 $0.00 $0.00 $0.00 $0.00 0.0% $6,525.00 8 POST AND WOVEN WIRE FENCE, 4-FOOT 1,970 LF $30.24 $59,572.80 1500.0 $45,360.00 1500.00 $45,360.00 $0.00 $45,360.00 76.1% $14,212.80 9 POST AND WOVEN WIRE FENCE, PEDESTRIAN GATE 3 EA $1,098.00 $3,294.00 $0.00 $0.00 $0.00 $0.00 0.0% $3,294.00 10 POST AND WOVEN WIRE FENCE, SERVICE GATE 2 EA $2,978.00 $5,956.00 $0.00 $0.00 $0.00 $0.00 0.0% $5,956.00 11 WOOD CHIP PATH 370 CY $31.69 $11,725.30 $0.00 $0.00 $0.00 $0.00 0.0% $11,725.30 12 DENSE GRADED BASE, 1 1/4 INCH 450 TON $35.00 $15,750.00 368.34 372.34 $13,031.90 740.68 $25,923.80 $0.00 $25,923.80 164.6% -$10,173.80 13 GEOTEXTILE FABRIC, TYPE DF 2,400 SY $2.69 $6,456.00 2400.0 $6,456.00 2400.00 $6,456.00 $0.00 $6,456.00 100.0% $0.00 Contract Totals $217,614.10 $64,847.90 $163,320.60 $0.00 $163,320.60 75.1% $54,293.50 CHANGE ORDERS 1 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 2 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 3 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 4 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 5 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 6 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 7 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 8 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 9 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 10 $ - $0.00 $0.00 $0.00 $0.00 #DIV/0! $0.00 Change OrderTotals $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 TOTALS $217,614.10 $64,847.90 $163,320.60 $0.00 $163,320.60 75.1% $54,293.50 Quantities from Previous Pay Applications Estimated Quantities Installed this Pay Period C D Value of Work Installed this Pay Period E % (I / B) Bid Item No. Description Balance to Finish (B - I) Contract Information Item Quantity Units Unit Price Total Value of Item ($) Item Materials Presently Stored (not in F) Total Completed and Stored to Date (G + H) Specials Item No. Total Estimated Quantity Installed Value of Work Installed to Date Work Completed to Date A B F G H I J For (Contract): Application Period: Village of Jackson Cedar Creek Dog Park EJCDC® C-620 Contractor's Application for Payment © National Society of Professional Engineers for EJCDC. All rights reserved. 00 62 76 - 1 of 1 G:\05\05900\05900011\_Construction\11-Pay Apps_Change Orders\Pay App No. 03\Pay App 3 3 07/08/2026 Page 117 of 166 Page 118 of 166 Page 119 of 166 Page 120 of 166 Page 121 of 166 Page 122 of 166 Page 123 of 166 Page 124 of 166 Page 125 of 166 Page 126 of 166 Page 127 of 166 Page 128 of 166 Page 129 of 166 Page 130 of 166 Page 131 of 166 Page 132 of 166 Page 133 of 166 Page 134 of 166 Page 135 of 166 Page 136 of 166 Page 137 of 166 Page 138 of 166 Page 139 of 166 Page 140 of 166 Page 141 of 166 Page 142 of 166 Page 143 of 166 Page 144 of 166 Page 145 of 166 Page 146 of 166 Page 147 of 166 Page 148 of 166 Page 149 of 166 Page 150 of 166 STAFF MEMO Meeting Date: June 18, 2026 A genda Item: Item #4 T o: Brian Heckendorf, Village President Village of Jackson Plan Commission Jen Heidtke, Village Administrator Fr om: Collin Johnson, Director of Inspections and Zoning S ubject: Conditional Use and Site Plan Review – N168 W20160 Main Street – Freedom Fellowship Church – Brent Weide, Pastor B ackground and Analysis: The applicant, Freedom Fellowship Church currently operates within a multi -tenant building located at W227 N16833 Tillie Lake Court. Over the years, their congregation and services have grown to the point where they can no longer expand within their current building and have found the Christ Lutheran Church and related facilities to meet their current and future needs. Freedom Fellowship Church intends to purchase the land and related buildings currently owned by Christ Lutheran Church and relocate their entire operation to the new location. The property will continue to be used as a church for worship services, related religious activities, and small group meetings. Operational hours are Wednesdays from 7:00am to 9:00pm and Sundays from 10:00am to 2:00pm. Daily on - site activities are also expected an d will include bible study, educational classes, and other related church activities. The existing buildings consists of the nave and chancel areas as well as an adjacent attached building containing traditional Sunday school classrooms and office areas. The site also includes an outbuilding approximately 22’ x 22’ in size located in the northeast corner of the property that is used for ancillary storage. Remaining site conditions include green space along the north and northwest areas of the property and a large parking lot providing an estimated 55 parking spaces including three accessible ADA spaces . Current ordinance requires a minimum of one space for each three seats provided. Based on the occupancy information provided, a minimum of 37 parking spaces would be required along with two accessible ADA spaces with one being van accessible. Total available occupant load information is not currently available. According to the buyer’s representative, there are between 60 to 110 individuals, including children , who attend the Sunday worship service. Children services include three classrooms based on age with total attendance ranging between eight to twenty -five children as well as Sunday adult bible studies with roughly four to twelve adults in attendance and Wednesday evening bible study with approximately six to twenty adults attending. An existing monument or ground sign with interchangeable lettering exists within the frontage area. The existing sign will be rebranded. A permit will be required for the signage updates. An adjacent parcel containing the parsonage (single-family home) will also be included as part of the sale. Adjacent occupancies include a dental office to the east, single -family residential to the north and south, and Jackson elementary school to the west. Village of Jackson Plan Commission Page 151 of 166 Page 2 __________________________________ Com prehensive Plan & Zoning Impacts: The property is designated as Government and Institutional under the current Comprehensive Plan and zoned Planned Unit Development (PUD). There are no a nticipated current or future impacts to the Comprehensive Plan. Zoning designation will change to Institutional under the proposed Zoning Code Update. A conditional use approval is required to operate the proposed entity within the current Planned Unit Development District. Site Plan: See attached location map and site plan Additional Staff Comments: None Building Inspection and Zoning: Staff recommends approval of the Conditional Use Permit and Site Plan as submitted. Review Procedures: The Plan Commission is advisory; and the Village Board makes the final decision. Notice Requirements: • Posting on the agenda • Notification of all contiguous property owners • Publication of a Class II Legal Notice is required prior to the Public Hearing Potential Action: Motion to recommend the Village Board approve the conditional use request and site plan for Freedom Fellowship Church, to operate a worship facility and related uses at N168 W20152 Main Street , as submitted. Att achments: 1. Plan Commission Application 2. Location Map and Site Plan Page 152 of 166 Page 153 of 166 Page 154 of 166 Page 155 of 166 Page 156 of 166 Page 157 of 166 Page 158 of 166 Page 159 of 166 Page 160 of 166 Page 161 of 166 Page 162 of 166 Page 163 of 166 N168 W20160 Main Street Address Point Road Centerline STH, CTH State Highway Current Parcel Parcel Taxkey & Acreage Leader Lines Subdivision Name Condominium Name Certified Survey Number Lot Number Landhook Local Road Labels Local Road Municipality Right-of-Way Plat Certified Survey Map Condominium Assessor Plat; Cemetery Plat; Subdivision Lot PLSS Quarter PLSS Section PLSS Boundary Ortho2024 Red: Red Green: Green Blue: Blue 6/8/2026, 4:16:55 PM 0 150 30075 ft 0 40 8020 m 1:1,200 Page 164 of 166 Page 165 of 166 Page 166 of 166