Budget and Finance Committee — Agenda Packet
Village of Jackson · Washington County · Budget and Finance Committee · meeting of Jul 14, 2026 · Agenda packets
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July 14, 2026 Village of Jackson - Budget and Finance Committee Meeting Agenda
VILLAGE OF JACKSON
BUDGET AND FINANCE COMMITTEE MEETING AGENDA
Tuesday, July 14, 2026 at 7:00 PM
Jackson Municipal Complex
Village Board Room
N168W19851 Main Street
Jackson, WI 53037
1. Call to Order and Roll Call
2. Citizens/Village Staff to Address the Budget & Finance Committee (Please sign-in with the
Clerk prior to speaking. Please note this is a 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.)
3. Approval of Minutes of the Budget and Finance Committee Meeting of June 9, 2026
4. Approval of June 2026 Check Register and Treasurer's Report
5. 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
6. Pay Request #1 – 2026 Wastewater Treatment Plant Fill Removal Project – BMCI
Construction in the amount of $118,802.25
7. Reimbursement Request #16 - 2024 Wastewater Treatment Plant Tertiary Filters and UV
Disinfection Project - Clean Water Fund Loan in the amount of $39,575.63
8. Pay Request #3 - 2025 Dog Park at Cedar Creek Park - Lowe Underground, Inc. in the
amount of $61,605.51
9. Review of 2025 Audited Financial Statements Report - Lucida, LLC.
10. 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.
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June 9, 2026 Village of Jackson - Budget and Finance Committee Meeting Minutes
Page 1 of 3
VILLAGE OF JACKSON
BUDGET AND FINANCE COMMITTEE MEETING
Tuesday, June 9, 2026 at 7:00 PM
Minutes
1. Call to Order and Roll Call
The meeting was called to order at 7:00 PM by Pres. Heckendorf.
Members Present: Pres. Heckendorf, Tr. Wells, and Tr. Olson
Members Excused: None
Members Absent: None
Staff Present: Administrator Jen Heidtke, Treasurer Darlene Smith, Public Works Director
Jack Straehler, Fire Chief Aaron Swaney, Police Lieutenant Mike Foeger and Interim Clerk
Pamela Wolf
2. Citizens/Village Staff to Address the Budget & Finance Committee (Please sign-in with the
Clerk prior to speaking. Please note this is a 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.
3. Approval of Minutes of the Budget and Finance Committee Meeting of May 12, 2026
The motion to approve Minutes for the Budget and Finance Meeting of May 12, 2026, was
made by Tr. Wells and seconded by Tr. Olson.
Vote: 3 ayes, 0 nays. Motion carried.
4. Approval of May 2026 Check Register and Treasurer's Report
The motion to approve the May 2026 Check Register and Treasurer's Report was made by
Tr. Olson and seconded by Tr. Wells.
Vote: 3 ayes, 0 nays. Motion carried.
5. Letter of Credit Reduction – Maple Fields Subdivision Phase 3 – Neumann Development
Inc. in the amount of $707,841.10
The motion to recommend the Village Board 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. Olson.
Vote: 3 ayes, 0 nays. Motion carried.
6. Proposal Review - Fiber to Public Parks, Municipal Wells, and Municipal Lift Station -
Midwest Fiber Network in the Amount of $133,850.00
DRAFT
arlene Smith, Public Works Director arlene Smith, Public Works Di
eutenant Mike Foeger and Interim Clereutenant Mike Foeger and Interim C
get & Finance Committee (Please sign-inance Commit
s is a business meeting, not a public hes meeting
agenda should present their comments uagenda should present their
mited to a total of 2 minutes.)ted to a total of 2 minutes.)
of the Budget and Finance Committee Mof the Budget and Finance Committee M
pprove Minutes for the Budget and Finapprove Minutes for the Budget
Wells and seconded by Tr. Olson.Wells and seconded by Tr. Olson.
ayes, 0 nays. Motion carried., 0 nays. Motion carried.
pproval of May 2026 Check Register approval of May 2026 Ch
The motion to approve the May 202The motion to approve the May
Tr. Olson and seconded by Tr. WTr. Olson and seconded by Tr. W
Vote: 3 ayes, 0 nays. MotioVote: 3 ayes, 0 nays. M
tter of Credit Redutter of Credit Red
n the amountn the amount
ntnt
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June 9, 2026 Village of Jackson - Budget and Finance Committee Meeting Minutes
Page 2 of 3
The motion to recommend the Village Board approve the proposal for the Fiber to Public
Parks, Municipal Wells and Municipal Lift Station from Midwest Fiber Network in the
amount of $133,850.00 was made by Tr. Olson and seconded by Pres. Heckendorf.
Clarification regarding contract terms and discussion of public Wi-Fi capabilities at the parks
occurred.
Vote: 3 ayes, 0 nays. Motion carried.
7. Proposal Review - Jackson Park Security Cameras - Pros4 Technology in the Amount of
$19,341.28
The motion to recommend the Village Board approve the proposal for the Security Cameras
in Jackson Park from Pros4 Technology in the amount of $19,341.28 was made by Tr. Olson
and seconded by Tr. Wells.
Discussion occurred relative to location of cameras and forthcoming quotes for electrical and
additional cameras near the skate park and pickleball courts.
Vote: 3 ayes, 0 nays. Motion carried.
8. Proposal Review - Hickory Lane Park Security Cameras - Pros4 Technology in the Amount
of $12,800.87
The motion to recommend the Village Board approve the proposal for the Security Cameras
in Hickory Lane Park from Pros4 Technology in the amount of $12,800.87 was made by Tr.
Wells and seconded by Tr. Olson.
Discussion regarding camera location occurred.
Vote: 3 ayes, 0 nays. Motion carried.
9. 2026 Schedule to Prepare the 2027 Municipal Budget and Update the Financial Management
Plan
Administrator Heidtke presented the timeline which plans for budget adoption in November.
No action was taken.
10. Adjourn
The motion to adjourn the meeting was made by Tr. Olson and seconded by Tr. Wells.
Vote: 3 ayes, 0 nays. Motion carried. The meeting adjourned at 7:10 PM.
Respectfully Submitted,
Pamela Wolf
RAFT
ogy in the Amouogy in t
roposal for the Security Cameraoposal for the Secu
f $19,341.28 was made by Tr. Olson f $19,341.28 was made by
eras and forthcoming quotes for electriceras and forthcoming quotes for electric
ckleball courts.kleball
Park Security Cameras - Pros4 Technoark Security Cameras - Pros4 T
nd the Village Board approve the propoe Board approve the propo
from Pros4 Technology in the amount from Pros4 Technology in the amount
d by Tr. Olson.d by Tr. Olson
garding camera location occurred.garding camera location occurred.
ayes, 0 nays. Motion carried. 0 nays. Motion carried.
DRA
026 Schedule to Prepare the 2027 Mun026 Schedule to Prepare t
PlanPlan
Administrator Heidtke presentedAdministrator Heidtke presented
No action was taken.No action was taken.
DR
journjourn
tion to ation to a
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June 9, 2026 Village of Jackson - Budget and Finance Committee Meeting Minutes
Page 3 of 3
Interim Clerk
Village of Jackson
DRAFT
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Reprint Check Register - Quick Report - Regular 13:56 PM ACCT
GENERAL VILLAGE CHECKING Accounting Checks
Posted From:
Thru Account:Thru: 6/30/2026
______________________________________________________________________________________Check Nbr Check Date Payee Amount
From Account:6/01/2026
7/07/2026 Page:
65.5757246 AMAZON CAPITAL SERVICES
MAY 2026 SUPPLIES AND RETURNS
6/04/2026
3,344.6957247 AT&T MOBILITY
CELL PHONES
6/04/2026
106.0057248 AURORA MEDICAL GROUP
DRUG SCREENS (2)
6/04/2026
500.0057249 BARBIERI, JOSEPH
ACTION IN JACKSON BAND / THE STRAYS
6/04/2026
90.0057250 BASSO, CAITLIN
REFUND FOR SUMMER YOUTH SOFTBALL
6/04/2026
100.0057251 BERTELSENM JINNA
REFUND/HICKORY LANE BALL/SOCCER FIELD
6/04/2026
165.2557252 BOUND TREE MEDICAL, LLC
MEDICAL SUPPLIES / JFD
6/04/2026
1,864.0057253 C K C GRAPHICS & SIGNS
WALL GRAPHICS / JPD
6/04/2026
17.8957254 CARRICO AQUATIC RESOURCES
EMERGENCY SHUT OFF VALVE / PARKS
6/04/2026
11,707.4257255 CEDAR CORPORATION
2026 GENERAL SERVICES
6/04/2026
34.8957256 CINTAS CORP
MISC JANITORIAL SUPPLIES / JCC
6/04/2026
181.9057257 DEITSCH, JEFF L.
JUNE HEALTH/DENTAL/VISION - RETIREE
6/04/2026
3,020.5057258 DEMPSEY LAW FIRM, LLP
MONTHLY ATTORNEY FEES
6/04/2026
450.3057259 DIGGERS HOTLINE, INC
STANDARD EMAIL FEES FOR MAY
6/04/2026
1,775.1457260 EAGLE MEDIA, INC.
FUNDRAISER APPAREL / JFD
6/04/2026
4,627.4557261 EAST SIDE MART
MAY 2026 FUEL
6/04/2026
494.6357262 ELAN FINANCIAL SERVICES
COSTCO PURCHASES
6/04/2026
558.0057263 FERGUSON WATERWORKS #1476
MAIN VALVE REPLACEMENT / WATER
6/04/2026
264.6157264 FIRST SUPPLY LLC
PARK MAINTENANCE
6/04/2026
Page 10 of 186
Reprint Check Register - Quick Report - Regular 23:56 PM ACCT
GENERAL VILLAGE CHECKING Accounting Checks
Posted From:
Thru Account:Thru: 6/30/2026
______________________________________________________________________________________Check Nbr Check Date Payee Amount
From Account:6/01/2026
7/07/2026 Page:
205.3657265 FISHER, RENEE
HEALTH/MED/DENTAL/VISION/ JUNE -ADMIN
6/04/2026
5,000.0057266 FLOCK SAFETY
FLOCK SAFETY CAMERA / JPD
6/04/2026
14.0057267 FORWARD TS, LTD
COPIER BLACK TONER / JPD
6/04/2026
10.0057268 FRANZ. NANCY
REFUND / PICKLEBALL TOURNAMENT
6/04/2026
1,353.8757269 FRISTED, TODD A
JUNE HEALTH/DENTAL/VISION - RETIREE
6/04/2026
1,872.1957270 GILLITZER ELECTRICAL CONTRACTORS, INC.
EXTERIOR LIGHTING FOR SIGNS
6/04/2026
355.1157271 GRAINGER
SPLASH PAD BATHROOM MAINTENANCE
6/04/2026
1,032.0057272 GREAT LAKES FIRE PROTECTION LLC
RECERTIFY FIRE SUPPRESSION / JCC
6/04/2026
144.2557273 GREATAMERICA FINANCIAL SVCS
SHARP COPIER / JUNE 26 / JPD
6/04/2026
2,500.0057274 GUYTON ENTERTAINMENT
ACTION IN JACKSON PERFORMANCE FEE
6/04/2026
337.9057275 IMPACT ACQUISITIONS LLC
COLOR COPIES-DPW
6/04/2026
54.8057276 JACKSON AUTO SERVICE INC
2024 EXPLORER MAINTENANCE / JPD
6/04/2026
911.3057277 JACKSON POLICE DEPARTMENT
UNION DUES FOR MAY 2026
6/04/2026
1,020.5157278 KOBER, BRIAN W.
JUNE HEALTH/DENTAL/VISION/ - RETIREE
6/04/2026
341.0057279 KREUTZINGER, JEFF
JUNE HEALTH/DENTAL/VISION - RETIREE
6/04/2026
360.9257280 KRUEGER, LAWRENCE
JUNE 2026 HEALTH/DENTAL - RETIREE
6/04/2026
50.0057281 LAKESIDE EXTINGUISHER LLC
INSPECT AND CERTIFY FIRE EXTINGUISHERS
6/04/2026
462.5057282 LIESENER SOILS INC.
MAY 2026 LAWN & GARDEN INVOICES
6/04/2026
303.0857283 MENARDS - WEST BEND
MISCELLANEOUS SUPPLIES / TOOLS
6/04/2026
Page 11 of 186
Reprint Check Register - Quick Report - Regular 33:56 PM ACCT
GENERAL VILLAGE CHECKING Accounting Checks
Posted From:
Thru Account:Thru: 6/30/2026
______________________________________________________________________________________Check Nbr Check Date Payee Amount
From Account:6/01/2026
7/07/2026 Page:
156.8157284 MID-STATE EQUIPMENT
OIL FILTER AND OIL / WWTP
6/04/2026
44.4957285 MILWAUKEE RUBBER PRODUCTS
MISC TOOL SUPPLIES / WATER
6/04/2026
4,400.0057286 N & J PROFESSIONAL CLEANERS, LLC
MAY 26 MONTHLY CLEANING
6/04/2026
2,600.0057287 OLD SCHOOL PRODUCTIONS, LLC
ACTION IN JACKSON BAND
6/04/2026
387.0057288 PERFORMANCE ROOFING SYSTEMS, INC
ROOF LEAK REPAIR / JCC
6/04/2026
250.0057289 POPP ROCKS PERSONAL ENTERTAINMENT
ACTION IN JACKSON MUSIC BINGO
6/04/2026
945.0057290 PROPHOENIX CORPORATION
NATIONAL USERS CONFERENCE / BRINKS
6/04/2026
4,133.0057291 PROS 4 TECHNOLOGY, INC
AGREEMENT MANAGED SERV. / MAY 2026/ADM
6/04/2026
450.0057292 ROCKFIELD SHORT-POUR LLC
CONCRETE / HICKORY PARK / PARKS
6/04/2026
171.0057293 RUST LOCK, INC.
4 DUPLICATE KEYS / PARKS
6/04/2026
339.1657294 SUPPORT PAYMENT CLEARINGHOUSE
000431284201 / N WELCH / 6/1/26 PAYROLL
6/04/2026
1,391.1057295 TOP PACK DEFENSE
CLOTHING / NEW JPD OFFICERS
6/04/2026
275.0057296 TSR SOLUTIONS, INC.
JUNE 2026 DIAL TONE & DISASTER RECOV
6/04/2026
1,207.6057297 VALENTINO, KELLY
JUNE 2026 HEALTH/DENTAL/VISION - RETIREE
6/04/2026
405.8057298 WALTHER, JOHN M.
JUNE 2026 HEALTH/DENTAL/VISION - RETIREE
6/04/2026
29,269.0057299 WATER WELL SOLUTIONS WISCONSIN LLC
EQUIPMENT REPLACEMENT / WATER
6/04/2026
311.0457300 WAUKESHA COUNTY TECHNICAL COLLEGE
TUITION / MATERIAL FEES / JFD & JPD
6/04/2026
5,000.0057301 WEED MAN
WEED & CRABGRASS CONTROL
6/04/2026
625.0057302 WISCONSIN RURAL WATER ASSOCIATION
CHARTER & WATER INDUSTRY MEMBERSHIPS
6/04/2026
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Reprint Check Register - Quick Report - Regular 43:56 PM ACCT
GENERAL VILLAGE CHECKING Accounting Checks
Posted From:
Thru Account:Thru: 6/30/2026
______________________________________________________________________________________Check Nbr Check Date Payee Amount
From Account:6/01/2026
7/07/2026 Page:
829.2057303 A/E GRAPHICS, INC.
ACTION IN JACKSON BANNERS/POSTERS / JCC
6/11/2026
558.0257304 AMAZON CAPITAL SERVICES
MAY 2026 SUPPLIES
6/11/2026
727.9257305 CARRICO AQUATIC RESOURCES
PARKS
6/11/2026
3,050.0057306 CATALIS LLC
JUNE ASSESSMENT SERVICES / INSTALL #6
6/11/2026
358.1557307 CINTAS CORP
FIRST AID SUPPLIES / DPW
6/11/2026
2,600.0057308 CIVI TEK CONSULTING LLC
ZONING CODE UPDATE THRU 5/30/26
6/11/2026
30.0057309 DENU, SARAH
REFUND / PARK SHELTER
6/11/2026
1,500.0057310 DEPT OF AG, TRADE & CONSUMER PROTECTION
ANNUAL 2026 W&M CONTRACT INSPECTION
6/11/2026
3,411.7857311 EAST SIDE MART
MAY 2026 FUEL
6/11/2026
73.5657312 FOX BROTHER'S PIGGLY WIGGLY
APRIL 2026 SUPPLIES
6/11/2026
61.0057313 GENNRICH, JOHN
REFUND / YOGA CLASS
6/11/2026
219.8957314 GRAINGER
BUILDING MAINTENANCE / TOOLS
6/11/2026
644.5057315 GREATAMERICA FINANCIAL SVCS
MONTHLY COPIER MACHINE PAYMENTS
6/11/2026
608.8257316 IDEXX DISTRIBUTION, INC
LAB SUPPLIES / SEWER
6/11/2026
140.0057317 JESSIFFANY CANINE SERVICES LLC
INUKSHUK MARINE / K-9
6/11/2026
30.0057318 KNOSKE, RACHEL
REFUND / HICKORY PARK
6/11/2026
230.5357319 KUBIAK, PAUL
REFUND / WATER PAYMENT / PAID TWICE
6/11/2026
401.0057320 LAKESIDE EXTINGUISHER LLC
INSPECT/CERTIFY FIRE EXTINGUISHERS
6/11/2026
569.2557321 LAMMSCAPES
JUNE 2026 / MONTHLY LANDSCAPING
6/11/2026
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Reprint Check Register - Quick Report - Regular 53:56 PM ACCT
GENERAL VILLAGE CHECKING Accounting Checks
Posted From:
Thru Account:Thru: 6/30/2026
______________________________________________________________________________________Check Nbr Check Date Payee Amount
From Account:6/01/2026
7/07/2026 Page:
2,750.0057322 LUCIDA LLC
PSC AND FORM C COMPLETION
6/11/2026
713.9557323 MENARDS - WEST BEND
MAY 2026 SUPPLIES
6/11/2026
148.5857324 METLIFE
EMPLOYEE VISION INSURANCE / JUNE 2026
6/11/2026
1,025.2257325 NCL OF WISCONSIN, INC
LAB SUPPLIES / WWTP
6/11/2026
260.0057326 O&W COMMUNICATIONS, LLC
SECURITY SYSTEM MAINTENANCE
6/11/2026
6,781.5057327 PROS 4 TECHNOLOGY, INC
MONTHLY IT SERVICES / JUNE 2026
6/11/2026
1,270.5057328 SCHLOEMER LAW FIRM
MUNICIPAL ORDINANCE VIOLATIONS
6/11/2026
1,025.0057329 STUMP GRINDING BY MIKE, LLC
STUMP GRINDING / PARKS
6/11/2026
610.5257330 TENNIES ACE HARDWARE INC.
MAY 2026 PURCHASES
6/11/2026
56.5357331 TERMINAL SUPPLY CO.
UNIFORMS / STREETS
6/11/2026
409.0057332 TOP PACK DEFENSE
RHO GLO OFFICER BADGE
6/11/2026
5,260.6057333 TOWN & COUNTRY ENGINEERING, INC.
FILTER & UV CONSTRUCTION SERVICES
6/11/2026
5,440.0057334 TSR SOLUTIONS, INC.
DIALTONE & DISASTER RECOV -8/4/26-8/4/30
6/11/2026
102.5057335 U.S. CELLULAR
SIM CARDS - JPD
6/11/2026
274.1157336 VELOCITY DYNAMICS
CHECK VALVE ASSEMBLY / SEWER
6/11/2026
42,432.4157337 WE ENERGIES
GAS AND ELECTRIC FOR MAY 2026
6/11/2026
3,477.7457338 WEST BEND SCHOOL DISTRICT
MOBILE HOME PARKING FEES FOR MAY 2026
6/11/2026
42.0057339 WISCONSIN DEPT OF JUSTICE
BACKGROUND CHECKS
6/11/2026
1,713.0657340 4IMPRINT, INC.
BEER GLASSES (504) / REC
6/18/2026
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Reprint Check Register - Quick Report - Regular 63:56 PM ACCT
GENERAL VILLAGE CHECKING Accounting Checks
Posted From:
Thru Account:Thru: 6/30/2026
______________________________________________________________________________________Check Nbr Check Date Payee Amount
From Account:6/01/2026
7/07/2026 Page:
810.5057341 A/E GRAPHICS, INC.
SUMMER FESTIVALS SIGNS
6/18/2026
204.5157342 AIRGAS USA, LLC
OXYGEN RENTAL / JFD
6/18/2026
868.7157343 AMAZON CAPITAL SERVICES
MISC DEPARTMENT SUPPLIES
6/18/2026
225.0057344 BADGER FIREMEN'S ASSOCIATION
RIT TRAINING / SILVIS,SCHEER,LAURI/ JFD
6/18/2026
4,281.8557345 BADGER LABORATORIES, INC
QTRLY INDUSTRIAL MONITORING / WWTP
6/18/2026
59.0557346 BAUMGARTNER, RICK
HICKORY LANE PARK SIGN
6/18/2026
2,391.6657347 BMO HARRIS BANK N.A.
MAY 2026 STATEMENT
6/18/2026
1,849.0057348 BUDIAC PLUMBING & HEATING INC
INSTALL WATER CLOSET / PARKS
6/18/2026
1,200.0057349 CASH
CASH / JACKSON JAMS 2026 / REC
6/18/2026
5,664.1557350 CHEMTRADE CHEMICALS US LLC
ALUM SULFATE LIQ- SEWER
6/18/2026
79.6357351 CINTAS CORPORATION
BODY FLUID CLEANUP KIT / SERVICE CHARGE
6/18/2026
8,017.4857352 CLARK DIETZ, INC.
PROFESSIONAL SERVICES / 3/28 - 5/29/26
6/18/2026
2,943.6657353 CORE & MAIN LP
METERS, REGISTERS, WIRES / WATER
6/18/2026
1,171.7057354 DELTA DENTAL OF WISCONSIN
JULY 2026 MONTHLY DENTAL INVOICES
6/18/2026
10.1157355 E.H. WOLF & SONS, INC
2.1 GALLONS OF LP / ACTION IN JACKSON
6/18/2026
479.4257356 FERGUSON WATERWORKS #1476
MAIN, VALVES REPLACEMENT / REPAIR
6/18/2026
7.3657357 FIRST SUPPLY LLC
MISC SUPPLIES / PARK MAINTENANCE
6/18/2026
100.0057358 FROEDTERT HEALTH/WORKFORCE HEALTH
DRUG SCREEN / BUILDING INSPECTION
6/18/2026
2,191.0057359 GOSCHEY MECHANICAL INC.
EQUIPMENT MAINTENANCE / WWTP
6/18/2026
Page 15 of 186
Reprint Check Register - Quick Report - Regular 73:56 PM ACCT
GENERAL VILLAGE CHECKING Accounting Checks
Posted From:
Thru Account:Thru: 6/30/2026
______________________________________________________________________________________Check Nbr Check Date Payee Amount
From Account:6/01/2026
7/07/2026 Page:
557.4057360 GREMMER & ASSOCIATES, INC
PROFESSIONAL SERVICES MAY 26
6/18/2026
190.0057361 HAWKINS, INC
CHEMICALS / WWTP
6/18/2026
18,000.0057362 KL ENGINEERING INC
STREET LIGHTING / HICKORY / RIDGEWAY
6/18/2026
377.5057363 KRUEPKE PRINTING
#10 REGULAR & WINDOW ENVELOPS
6/18/2026
1,381.6557364 MORAINE PARK TECHNICAL COLLEGE DISTRICT
TUITION CHARGES / JFD
6/18/2026
65.2857365 NCL OF WISCONSIN, INC
METAL / BIOASSSAY TEST / WWTP
6/18/2026
80.6657366 NORTHERN LAKE SERVICE, INC.
METAL / BIOASSAY TESTS / WWTP
6/18/2026
1,000.0057367 ONE SWEET DREAM, LLC
LIVE MUSIC / 6-18-26 / THE LAST BEES
6/18/2026
454.3857368 PITNEY BOWES GLOBAL FINANCIAL SRV LLC
LEASE 4/30 - 06/29/26 ADMIN
6/18/2026
250.0057369 POPP, KAYLEE
ACTION IN JACKSON MUSIC BINGO
6/18/2026
339.1657370 SUPPORT PAYMENT CLEARINGHOUSE
000431284201 / N WELCH / 6/15/26 PAYROLL
6/18/2026
697.9457371 WASHINGTON COUNTY HUMANE SOCIETY, INC.
CAT CONTRACT 6/1 - 12/31/26
6/18/2026
5,295.7457372 WE ENERGIES
ELECTRIC RELOCATE / EAGLE DRIVE
6/24/2026
152.966172026 A-1 POOLS
SUPPLIES & CREDIT / PARKS
6/25/2026
10.256172027 A/E GRAPHICS, INC.
EMPLOYEE NAME BADGE / BLDG INSPECT
6/25/2026
138.016172028 AMAZON CAPITAL SERVICES
MISC SUPPLES / JPD, ADMIN
6/25/2026
1,292.436172029 ASC1
SERVICE EVENT LABOR & SUPPLIES / PARKS
6/25/2026
509.356172030 AT&T MOBILITY
CELL PHONES,TABLETS / MAY 2026
6/25/2026
25.006172031 AURORA MEDICAL GROUP
VENIPUNCTURE / E.GASTROW / JPD
6/25/2026
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Reprint Check Register - Quick Report - Regular 83:56 PM ACCT
GENERAL VILLAGE CHECKING Accounting Checks
Posted From:
Thru Account:Thru: 6/30/2026
______________________________________________________________________________________Check Nbr Check Date Payee Amount
From Account:6/01/2026
7/07/2026 Page:
24.536172032 BRAKE & EQUIPMENT COMPANY INC
WIRE HARNESS / STREETS
6/25/2026
528.866172033 COMPANION LIFE INSURANCE COMPANY
DENTAL INSURNACE FOR JULY 2026
6/25/2026
1,560.006172034 EQUIPMENT RENTALS
TENT,LIGHTS,SURGE PROTECT,CORD / REC
6/25/2026
186.716172035 FERGUSON WATERWORKS #1476
SEWER CAP / STORM SEWER REPAIR
6/25/2026
91.006172036 FIRST SUPPLY LLC
STRUT,TUBE CLAMP / PARKS
6/25/2026
40,722.666172037 GFL ENVIRONMENTAL
MONTHLY SERVICES / JUNE 2026
6/25/2026
1,939.506172038 HAWKINS, INC
CHEMICALS / SEWER
6/25/2026
250.006172039 JESSIFFANY CANINE SERVICES LLC
K-9 BOARDING-6/8-6/17/26 / JPD
6/25/2026
908.956172040 KAESTNER AUTO ELECTRIC
A/G RESPONDER,BRAKE MOUNT / SEWER
6/25/2026
219.056172041 MENARDS - WEST BEND
MISC SUPPLIES / PARKS.SEWER,WATER,STREET
6/25/2026
1,282.756172042 MILWAUKEE RUBBER PRODUCTS
SHEET RUBBER / SEWER
6/25/2026
680.666172043 NORTHERN LAKE SERVICE, INC.
WASTEWATER TESTING / SEWER
6/25/2026
2,347.006172044 PROS 4 TECHNOLOGY, INC
DESKTOP & LAPTOP /ADMIN
6/25/2026
304.186172045 U.S. CELLULAR
CELL PHONES,INTERNET / JUNE 2026
6/25/2026
2,541.006172046 VON BRIESEN & ROPER S.C
SVCS THRU 5/31/26 / LABOR & PERSONNEL
6/25/2026
304,854.22Grand Total
Page 17 of 186
Reprint Check Register - Quick Report - Regular 93:56 PM ACCT
GENERAL VILLAGE CHECKING Accounting Checks
Posted From:
Thru Account:Thru: 6/30/2026
______________________________________________________________________________________ Amount
From Account:6/01/2026
7/07/2026 Page:
135,235.40Total Expenditure from Fund # 100 - GENERAL FUND
7,849.70Total Expenditure from Fund # 150 - HOTEL / MOTEL
49,291.66Total Expenditure from Fund # 200 - WATER UTILITY
48,120.81Total Expenditure from Fund # 300 - SEWER UTILITY
2,600.00Total Expenditure from Fund # 450 - ARPA FUND
19,221.71Total Expenditure from Fund # 500 - RECREATION
29,593.95Total Expenditure from Fund # 600 - CAPITAL PROJECT FUND
139.50Total Expenditure from Fund # 670 - TID #7
12,801.49Total Expenditure from Fund # 900 - FIRE & RESCUE
304,854.22Total Expenditure from all Funds
Page 18 of 186
TREASURERS REPORT
(Depository Accounts)
June 30, 2026
BALANCE BALANCE
5/31/2026 6/30/2026
GENERAL:
GENERAL CHECKING $852,917.82 $198,735.68
CREDIT CARD ACCOUNT $13,086.84 $84,662.12
HIPPA ACCOUNT $8,648.70 $40,348.21
MONEY MARKET $10,515,268.57 $10,531,401.58
DONATION ACCOUNT $2,149.73 $2,149.73
PARK FEES $289,904.51 $300,781.64
FIRE/RESCUE RESERVE $14,766.35 $14,810.87
FIRE IMPACT FEE $272,849.93 $281,870.76
POLICE IMPACT FEE $181,011.54 $187,028.10
ANTIQUE FIRE TRUCK $3,494.95 $3,505.49
LAUREL SPRINGS $34,957.40 $35,062.80
PERSHING ADVISOR SOLUTIONS LLC - ARPA $0.00 $0.00
PERSHING ADVISOR SOLUTIONS LLC - GENERAL FUNDS $1,642,540.48 $1,649,429.56
PERSHING ADVISOR SOLUTIONS LLC - MUNI BLDG RESERVE ACCT $292,335.56 $295,160.03
PERSHING ADVISOR SOLUTIONS LLC - 2025A GO PROM NOTES $489,519.50 $371,104.45
PERSHING ADVISOR SOLUTIONS LLC - 2026A GO PROM NOTES $2,469,253.09 $2,474,090.64
PERSHING ADVISOR SOLUTIONS LLC - 2026B WATER/SEWER BOND $1,347,636.31 $1,350,990.71
PERSHING ADVISOR SOLLUTIONS LLC - 2024A GO PROM NOTES $0.00 $0.00
PERSHING ADVISOR SOLUTIONS LLC - DSR REVENUE BOND $541,735.33 $543,067.17
PERSHING ADIVSOR SOLUTIONS LLC - 2023B $0.00 $0.00
---------------------- ----------------------
TOTAL GENERAL $18,972,076.61 $18,364,199.54
---------------------- ----------------------
WATER UTILITY:
WATER UTILITY DEPRECIATION FUND $27,300.90 $27,383.21
WATER UTILITY RESERVE $141,950.73 $142,378.71
WATER IMPACT FEES $145,946.18 $153,974.74
---------------------- ----------------------
TOTAL WATER UTILITY $315,197.81 $323,736.66
---------------------- ----------------------
SEWER UTILITY:
DNR REPLACEMENT FUND $1,273,474.13 $1,277,313.67
SEWER UTILITY RESERVE $88,652.89 $88,920.18
SEWER DEPRECIATION FUND $6,865.23 $6,885.93
SEWER SERVICE FEES $2,250,586.83 $2,290,189.18
SEWER SPECIAL REDEMPTION FUND $2,984.87 $2,993.87
---------------------- ----------------------
$3,622,563.95 $3,666,302.83
TOTAL SEWER UTILITY ---------------------- ----------------------
---------------------- ----------------------
$22,909,838.37 $22,354,239.03
GRAND TOTAL: ---------------------- ----------------------
Page 19 of 186
Budget Comparison - Detail
ADMIN ONLY
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
3:59 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
0.00 4,640,295.54 -4,640,295.54 0.00100-00-41110-000-000 GENERAL PROPERTY TAXES 0.00
57,067.73 90,000.00 -32,932.27 63.41100-00-41140-000-000 MOBILE HOME PARKING FEES 45,251.01
0.00 160,000.00 -160,000.00 0.00100-00-41310-000-000 TAXES FROM UTILITIES 0.00
892.92 0.00 892.92 0.00100-00-41490-000-000 INTEREST ON TAXES 0.00
0.00 230,507.89 -230,507.89 0.00100-00-42210-000-000 SHARED TAXES FROM STATE 0.00
92,563.60 92,563.60 0.00 100.00100-00-42211-000-000 STATE PERSONAL PROPERTY AID 72,223.68
0.00 19,431.01 -19,431.01 0.00100-00-42212-000-000 STATE VIDEO SERVICE AID 0.00
0.00 20,689.13 -20,689.13 0.00100-00-42215-000-000 STATE AIDS-EXEMPT COMPUTER 0.00
10,576.41 10,576.74 -0.33 100.00100-00-42220-000-000 STATE RECYCLING GRANTS 10,576.74
470.20 440.00 30.20 106.86100-00-42620-000-000 STATE AID - IN LIEU OF TAXES 447.29
204,784.48 409,568.97 -204,784.49 50.00100-00-42650-000-000 STATE TRANSPORTATION AIDS 178,073.46
0.00 215,261.92 -215,261.92 0.00100-00-42655-000-000 SUPPLEMENTAL MUNICIPAL AID 0.00
4,237.00 4,200.00 37.00 100.88100-00-43110-000-000 LIQUOR LICENSE 4,332.00
74,000.00 0.00 74,000.00 0.00100-00-43113-000-000 GENERAL - GRANT REVENUES 75,906.20
293.00 300.00 -7.00 97.67100-00-43115-000-000 HOTEL / MOTEL LICENSE 300.00
1,964.00 2,800.00 -836.00 70.14100-00-43120-000-000 OPERATORS LICENSE 2,157.00
376.00 455.00 -79.00 82.64100-00-43160-000-000 CIGARETTE LICENSE 448.00
13,847.02 68,000.00 -54,152.98 20.36100-00-43210-000-000 VIDEO FRANCHISE FEES 15,893.06
4,320.00 4,250.00 70.00 101.65100-00-43320-000-000 DOG LICENSE 3,855.00
612.00 500.00 112.00 122.40100-00-43330-000-000 CAT LICENSE 464.00
1,636.00 1,500.00 136.00 109.07100-00-43500-000-000 GENERAL - OTHER LICENSES 1,964.00
88.00 200.00 -112.00 44.00100-00-43550-000-000 PUBLICATION FEES 96.00
8,948.00 10,608.00 -1,660.00 84.35100-00-45110-000-000 GENERAL - ADMIN FEES 7,217.75
80.00 0.00 80.00 0.00100-00-45790-000-000 NSF CHARGES 0.00
25,918.13 22,500.00 3,418.13 115.19100-00-46850-000-000 AURORA HEALTH CARE PAYMENT 25,179.84
90,120.46 50,000.00 40,120.46 180.24100-00-48110-000-000 INTEREST ON TEMP INVESTMENTS 163,092.81
28,161.00 25,500.00 2,661.00 110.44100-00-48400-000-000 INSURANCE DIVIDENDS 33,901.00
29,284.99 29,284.99 0.00 100.00100-00-48601-000-000 VERIZON LEASE 29,284.99
40,493.72 40,493.72 0.00 100.00100-00-48602-000-000 U.S. CELLULAR LEASE 40,493.72
======================================================================================================================================================
6,149,926.51ADMIN ONLY - REV 711,157.55 11.23-5,459,191.85
======================================================================================================================================================
690,734.66
======================================================================================================================================================
690,734.66 6,149,926.51Total Revenues 711,157.55 11.23-5,459,191.85
======================================================================================================================================================
Page 20 of 186
Budget Comparison - Detail
ADMIN ONLY
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
3:59 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
0.00 37,000.00 37,000.00 0.00100-00-51100-110-000 VILLAGE BOARD - WAGES 12,950.00
0.00 3,500.00 3,500.00 0.00100-00-51100-110-111 APPOINTED COMMITTEE - WAGES 1,440.00
0.00 740.00 740.00 0.00100-00-51100-130-000 VILLAGE BOARD - WRS 262.68
0.00 2,294.00 2,294.00 0.00100-00-51100-135-000 VILLAGE BOARD - SOC SEC 802.90
0.00 536.50 536.50 0.00100-00-51100-140-000 VILLAGE BOARD - MEDICARE 187.81
86.99 500.00 413.01 17.40100-00-51100-310-000 VILLAGE BOARD-OFFICE EXPENSES 109.99
5,516.17 6,200.00 683.83 88.97100-00-51100-340-000 VILLAGE BOARD-EDUC/TRAVEL/DUES 5,257.45
28,844.63 65,000.00 36,155.37 44.38100-00-51300-310-000 ADMIN - PROFESSIONAL SERVICES 24,792.76
0.00 2,200.00 2,200.00 0.00100-00-51320-000-000 ADMIN - DOG LICENSE 0.00
0.00 100.00 100.00 0.00100-00-51330-000-000 ADMIN - CAT LICENSE 0.00
51,133.78 102,175.98 51,042.20 50.04100-00-51410-110-001 ADMINISTRATIVE WAGES 52,642.01
63,450.72 123,441.34 59,990.62 51.40100-00-51410-110-002 TREASURER DEPARTMENT WAGES 53,267.97
42,809.71 90,344.74 47,535.03 47.38100-00-51410-110-003 CLERK DEPARTMENT WAGES 51,078.10
5,259.50 10,171.82 4,912.32 51.71100-00-51410-125-001 ADMISTRATIVE - HEALTH & LIFE 4,239.58
18,160.02 47,759.56 29,599.54 38.02100-00-51410-125-002 TREASURER DEPT - HEALTH & LIFE 13,770.24
15,336.30 40,105.32 24,769.02 38.24100-00-51410-125-003 CLERK DEPT - HEALTH & LIFE 27,213.84
4,360.49 8,736.05 4,375.56 49.91100-00-51410-130-001 ADMINISTRATIVE - WRS 4,308.98
4,390.22 8,887.78 4,497.56 49.40100-00-51410-130-002 TREASURER DEPT - WRS 2,840.14
3,290.06 6,504.82 3,214.76 50.58100-00-51410-130-003 CLERK DEPT - WRS 4,132.26
3,703.42 7,522.71 3,819.29 49.23100-00-51410-135-001 ADMINISTRATIVE -SOC SECURITY 4,009.27
3,763.75 7,653.36 3,889.61 49.18100-00-51410-135-002 TREASURER DEPT-SOCIAL SECURITY 3,170.34
2,573.07 5,601.37 3,028.30 45.94100-00-51410-135-003 CLERK DEPT - SOCIAL SECURITY 2,546.32
866.13 1,759.34 893.21 49.23100-00-51410-140-001 ADMINISTRATIVE - MEDICARE 937.65
880.23 1,789.90 909.67 49.18100-00-51410-140-002 TREASURER DEPT - MEDICARE 741.42
601.78 1,310.00 708.22 45.94100-00-51410-140-003 CLERK DEPT - MEDICARE 595.52
426.16 850.00 423.84 50.14100-00-51410-145-002 TREASURER DEPT - MEDICAL REIMB 251.86
249.99 720.00 470.01 34.72100-00-51410-145-003 CLERK DEPT - MEDICAL REIMB 498.11
824.21 2,000.00 1,175.79 41.21100-00-51410-315-000 ADMIN - OFFICE SUPPLIES 1,053.46
6,984.26 9,250.00 2,265.74 75.51100-00-51410-325-000 ADMIN - PRINTING / PUBLISHING 4,465.12
2,217.02 3,000.00 782.98 73.90100-00-51410-330-000 ADMIN - TELEPHONE / INTERNET 1,441.94
2,358.76 2,900.00 541.24 81.34100-00-51410-335-000 ADMIN - POSTAGE 2,428.54
1,690.69 5,100.00 3,409.31 33.15100-00-51410-340-001 ADMINISTRATOR-EDUC/TRAVEL/DUES 1,611.69
1,000.58 3,000.00 1,999.42 33.35100-00-51410-340-002 TREASURER - EDUC/TRAVEL/DUES 1,260.89
653.50 3,200.00 2,546.50 20.42100-00-51410-340-003 CLERK - EDUC/TRAVEL/DUES 1,045.33
1,989.68 2,500.00 510.32 79.59100-00-51410-350-000 ADMIN - TASC 1,989.68
1,723.10 3,000.00 1,276.90 57.44100-00-51410-400-000 ADMIN - COPIER/SHREDDER 1,559.16
27,807.99 28,000.00 192.01 99.31100-00-51410-402-000 ADMIN - COMPUTER SOFTWARE 27,574.90
8,216.80 58,254.06 50,037.26 14.11100-00-51440-110-000 ADMIN - ELECTION - WAGES 13,594.49
0.00 2,616.05 2,616.05 0.00100-00-51440-130-000 ADMIN - ELECTION - WRS 0.00
480.73 3,611.75 3,131.02 13.31100-00-51440-135-000 ADMIN - ELECTION- SOC SECURITY 740.09
112.47 844.68 732.21 13.32100-00-51440-140-000 ADMIN - ELECTION - MEDICARE 173.11
1,114.83 5,000.00 3,885.17 22.30100-00-51440-301-000 ADMIN - ELECTION POSTAGE 1,033.02
585.64 5,000.00 4,414.36 11.71100-00-51440-305-000 ADMIN - ELECTION SUPPLIES 1,233.48
250.00 1,800.00 1,550.00 13.89100-00-51440-310-000 ADMIN - ELECTION MEALS 466.34
52.00 1,000.00 948.00 5.20100-00-51440-315-000 ADMIN - ELECTION LEGAL ADS 170.93
15,925.00 30,000.00 14,075.00 53.08100-00-51510-310-000 ADMIN - AUDIT / ACCOUNTING 14,100.00
23,295.03 40,000.00 16,704.97 58.24100-00-51530-310-000 ADMIN - ASSESSMENT SERVICES 18,300.00
4,352.96 7,000.00 2,647.04 62.19100-00-51540-311-000 ADMIN - COMPUTER EQUIPMENT 647.98
7,666.76 4,500.00 -3,166.76 170.37100-00-51540-315-000 ADMIN - WEB SITE 42.16
0.00 2,000.00 2,000.00 0.00100-00-51610-310-000 ADMIN - EMPLOYEE APPRECIATION 122.70
1,715.87 7,300.00 5,584.13 23.51100-00-51610-320-000 ADMIN - BUILIDING MAINTENANCE 1,853.22
1,642.50 4,000.00 2,357.50 41.06100-00-51610-321-000 ADMIN - VEHICLE LEASE/MAINT 1,642.50
Page 21 of 186
Budget Comparison - Detail
ADMIN ONLY
2026
Actual Budget
Status Budget
% of
06/30/2025
3
ACCT
3:59 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
6,038.50 12,000.00 5,961.50 50.32100-00-51610-325-000 ADMIN - JANITORIAL 3,593.40
0.00 1,000.00 1,000.00 0.00100-00-51610-330-000 ADMIN - PHONE SYS MAINT 0.00
167.93 1,300.00 1,132.07 12.92100-00-51610-331-000 ADMIN - WATER/SEWER 143.36
5,956.83 17,000.00 11,043.17 35.04100-00-51610-333-000 ADMIN - ELECTRIC/GAS 5,229.36
15,469.00 24,500.00 9,031.00 63.14100-00-51610-334-000 ADMIN - COMPUTER SRVS 11,664.03
510.85 1,700.00 1,189.15 30.05100-00-51807-000-000 ADMIN - NW BUSINESS PARK SIGN 505.37
62,008.98 58,000.00 -4,008.98 106.91100-00-51940-350-000 ADMIN - PROP & LIABILITY INSUR -6,862.22
53.54 200.00 146.46 26.77100-00-51998-000-000 ADMIN - SALES TAX PAID 37.23
80.00 0.00 -80.00 0.00100-00-51999-905-000 ADMIN - BANK SERVICE FEES 175.00
9,427.54 19,158.00 9,730.46 49.21100-00-56340-110-000 ECONOMIC DEVELOPMENT - WAGES 9,357.99
======================================================================================================================================================
953,139.13ADMIN ONLY - EXP 394,441.45 49.11485,062.46
======================================================================================================================================================
468,076.67
======================================================================================================================================================
468,076.67 953,139.13Total Expenses 394,441.45 49.11485,062.46
======================================================================================================================================================
4,974,129.395,196,787.38316,716.10 4.28222,657.99Net Totals
Page 22 of 186
Budget Comparison - Detail
POLICE DEPARTMENT
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:07 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
540.00 10,000.00 -9,460.00 5.40100-00-42540-000-000 POLICE - STATE AID 0.00
1,049.49 0.00 1,049.49 0.00100-00-42545-000-000 POLICE - GRANT REVENUE 0.00
9,291.36 42,558.00 -33,266.64 21.83100-00-44100-000-000 POLICE - COURT PENALTIES 9,545.08
0.00 2,000.00 -2,000.00 0.00100-00-44151-000-000 POLICE - SALE OF PROPERTY 0.00
290.15 300.00 -9.85 96.72100-00-44152-000-000 POLICE - ACCIDENT REPORTS 85.02
972.50 2,500.00 -1,527.50 38.90100-00-44153-000-000 POLICE - OWI TESTS/FINGERPRINT 719.00
4,613.00 4,500.00 113.00 102.51100-00-44200-000-000 POLICE - PARKING FINES 1,634.00
8,534.25 0.00 8,534.25 0.00100-00-44600-000-000 POLICE - DONATIONS 7,831.46
0.00 1,000.00 -1,000.00 0.00100-00-44700-000-000 POLICE - WARRANT FEES -941.00
0.00 100.00 -100.00 0.00100-00-44800-000-000 POLICE - DVDS 57.00
======================================================================================================================================================
62,958.00POLICE DEPARTMENT - REV 18,930.56 40.17-37,667.25
======================================================================================================================================================
25,290.75
======================================================================================================================================================
25,290.75 62,958.00Total Revenues 18,930.56 40.17-37,667.25
======================================================================================================================================================
Page 23 of 186
Budget Comparison - Detail
POLICE DEPARTMENT
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:07 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
736,262.46 1,480,975.28 744,712.82 49.71100-00-52100-110-000 POLICE - PATROL WAGES 634,859.13
187,889.17 407,709.87 219,820.70 46.08100-00-52100-125-000 POLICE - HEALTH & LIFE INSURAN 160,182.52
109,217.81 219,805.44 110,587.63 49.69100-00-52100-130-000 POLICE - WRS 95,042.20
43,069.73 92,080.66 49,010.93 46.77100-00-52100-135-000 POLICE - SOCIAL SECURITY 36,983.74
10,072.82 21,534.99 11,462.17 46.77100-00-52100-140-000 POLICE - MEDICARE 8,649.41
3,743.12 7,500.00 3,756.88 49.91100-00-52100-145-000 POLICE - MEDICAL REIMBURSE 3,014.60
35,034.45 78,508.25 43,473.80 44.63100-00-52102-110-000 POLICE ADMIN - ASST WAGES 32,866.17
13,954.68 27,909.34 13,954.66 50.00100-00-52102-125-000 POLICE ADMIN - HEALTH/LIFE 13,621.85
2,071.16 4,141.69 2,070.53 50.01100-00-52102-130-000 POLICE ADMIN - WRS 1,942.17
1,760.77 4,867.51 3,106.74 36.17100-00-52102-135-000 POLICE ADMIN - SOCIAL SECURITY 1,737.94
411.76 1,138.37 726.61 36.17100-00-52102-140-000 POLICE ADMIN - MEDICARE 406.45
249.04 500.00 250.96 49.81100-00-52102-145-000 POLICE ADMIN - MED REIMBURSE 258.78
3,496.85 7,000.00 3,503.15 49.96100-00-52104-110-000 POLICE CROSSING GUARD - WAGES 4,292.11
216.81 434.00 217.19 49.96100-00-52104-135-000 POLICE CROSSING GUARD -SOC SEC 266.13
50.72 101.50 50.78 49.97100-00-52104-140-000 POLICE CROSSING GUARD-MEDICARE 62.24
2,704.50 8,500.00 5,795.50 31.82100-00-52110-310-000 POLICE - ATTORNEY FEES 4,306.50
1,514.40 1,800.00 285.60 84.13100-00-52110-312-000 POLICE - CRIME PREVENTION 611.90
6,422.24 10,000.00 3,577.76 64.22100-00-52110-314-000 POLICE - UNIFORMS 5,847.14
1,706.00 9,180.00 7,474.00 18.58100-00-52110-315-000 POLICE - EQUIPMENT 1,035.49
1,704.71 2,900.00 1,195.29 58.78100-00-52110-317-000 POLICE - COPYING / PRINTING 576.30
726.12 2,500.00 1,773.88 29.04100-00-52110-318-000 POLICE - OFFICE SUPPLIES/POSTG 845.18
2,006.45 3,500.00 1,493.55 57.33100-00-52110-320-000 POLICE - ELECTRONICS MAINTENCE 1,591.44
0.00 7,000.00 7,000.00 0.00100-00-52110-321-000 POLICE - FIREARMS / SUPPLIES 2,108.80
909.55 3,500.00 2,590.45 25.99100-00-52110-322-000 POLICE - INVESTIGATION/OWI TST 271.00
29,984.86 61,390.06 31,405.20 48.84100-00-52110-323-000 POLICE - FLEET LEASE/SETUP 44,336.05
4,870.57 6,180.00 1,309.43 78.81100-00-52110-324-000 POLICE - EQUIPMENT MAINTENANCE 2,687.97
503.04 5,150.00 4,646.96 9.77100-00-52110-325-000 POLICE - VEHICLE MAINTENANCE 820.27
712.34 1,500.00 787.66 47.49100-00-52110-326-000 POLICE - TIRES 0.00
8,784.36 25,000.00 16,215.64 35.14100-00-52110-327-000 POLICE - FUEL / LUBRICANTS 7,667.83
22,192.66 31,000.00 8,807.34 71.59100-00-52110-328-000 POLICE - COMPUTR EQUIP/SOFTWRE 21,708.72
1,395.87 1,505.00 109.13 92.75100-00-52110-329-000 POLICE - ANIMAL SERVICES 1,462.34
2,358.06 3,000.00 641.94 78.60100-00-52110-330-000 POLICE - SYSTEM / SIM CARDS 2,230.79
2,611.38 4,000.00 1,388.62 65.28100-00-52110-331-000 POLICE - CELL / TELEPHONES 1,789.09
5,007.38 5,006.00 -1.38 100.03100-00-52110-332-000 POLICE - PROPHOENIX SUPPORT 4,861.53
507.62 950.00 442.38 53.43100-00-52110-333-000 POLICE - BROADBAND SERVICE 438.01
2,244.59 7,500.00 5,255.41 29.93100-00-52110-335-000 POLICE - BUILDING MAINTENANCE 3,012.98
13,882.83 28,000.00 14,117.17 49.58100-00-52110-336-000 POLICE - UTILITIES 12,178.12
5,954.12 14,000.00 8,045.88 42.53100-00-52110-338-000 POLICE - CLEANING 5,775.00
6,910.06 12,500.00 5,589.94 55.28100-00-52110-340-000 POLICE - EDUC / TRAVEL / DUES 4,640.55
10,934.61 11,089.00 154.39 98.61100-00-52110-411-000 POLICE-LEXIPOL ANNUAL MAINTENA 10,267.24
734.12 0.00 -734.12 0.00100-00-52110-500-000 POLICE - DONATIONS 613.22
1,940.15 0.00 -1,940.15 0.00100-00-52110-790-000 POLICE - GRANT EXPENSES 2,511.14
======================================================================================================================================================
2,620,856.96POLICE DEPARTMENT - EXP 1,138,380.04 49.101,334,133.02
======================================================================================================================================================
1,286,723.94
======================================================================================================================================================
1,286,723.94 2,620,856.96Total Expenses 1,138,380.04 49.101,334,133.02
======================================================================================================================================================
-1,296,465.77-2,557,898.96-1,119,449.48 49.32-1,261,433.19Net Totals
Page 24 of 186
Budget Comparison - Detail
K-9 ACCOUNT
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
1,550.00 0.00 1,550.00 0.00100-00-44600-100-000 POLICE - K-9 DONATIONS 1,970.88
======================================================================================================================================================
0.00K-9 ACCOUNT - REV 1,970.88 0.001,550.00
======================================================================================================================================================
1,550.00
======================================================================================================================================================
1,550.00 0.00Total Revenues 1,970.88 0.001,550.00
======================================================================================================================================================
Page 25 of 186
Budget Comparison - Detail
K-9 ACCOUNT
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
1,715.34 0.00 -1,715.34 0.00100-00-52115-370-000 POLICE - K-9 EXPENSE 505.00
======================================================================================================================================================
0.00K-9 ACCOUNT - EXP 505.00 0.00-1,715.34
======================================================================================================================================================
1,715.34
======================================================================================================================================================
1,715.34 0.00Total Expenses 505.00 0.00-1,715.34
======================================================================================================================================================
165.340.001,465.88 -165.34Net Totals
Page 26 of 186
Budget Comparison - Detail
BUILDING INSPECTION
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:00 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
156,593.75 200,000.00 -43,406.25 78.30100-00-43510-000-000 BLDG INSP - PERMITS 152,146.40
1,030.00 1,800.00 -770.00 57.22100-00-43512-000-000 BLDG INSP - WI INSPECT SEALS 2,025.00
1,235.00 2,000.00 -765.00 61.75100-00-43520-000-000 BLDG INSP - ADDRESS/FIRE # 1,944.00
6,200.00 5,000.00 1,200.00 124.00100-00-43540-000-000 BLDG INSP - EROSION PERMITS 7,710.00
0.00 35,456.32 -35,456.32 0.00100-00-43545-000-000 BLDG INSP - CONTRACT SERVICES 0.00
======================================================================================================================================================
244,256.32BUILDING INSPECTION - REV 163,825.40 67.58-79,197.57
======================================================================================================================================================
165,058.75
======================================================================================================================================================
165,058.75 244,256.32Total Revenues 163,825.40 67.58-79,197.57
======================================================================================================================================================
Page 27 of 186
Budget Comparison - Detail
BUILDING INSPECTION
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:00 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
59,476.83 187,292.89 127,816.06 31.76100-00-52410-110-000 BLDG INSP - WAGES 63,908.18
5,801.55 22,860.19 17,058.64 25.38100-00-52410-125-000 BLDG INSP - HEALTH/LIFE INSUR 5,657.64
3,221.66 11,843.37 8,621.71 27.20100-00-52410-130-000 BLDG INSP - WRS 3,019.25
3,604.15 11,612.34 8,008.19 31.04100-00-52410-135-000 BLDG INSP - SOCIAL SECURITY 3,885.87
842.89 2,715.79 1,872.90 31.04100-00-52410-140-000 BLDG INSP - MEDICARE 908.75
249.99 1,000.00 750.01 25.00100-00-52410-145-000 BUILD INSP - MEDICAL REIMBURSE 249.99
0.00 1,000.00 1,000.00 0.00100-00-52410-315-000 BLDG INSP - EQUIPMENT MAINT 0.00
247.41 750.00 502.59 32.99100-00-52410-320-000 BLDG INSP - FUEL / MILEAGE 263.09
376.98 900.00 523.02 41.89100-00-52410-325-000 BLDG INSP - OFFICE SUPP/POST 420.16
195.25 300.00 104.75 65.08100-00-52410-330-000 BLDG INSP - CLOTHING 0.00
2,050.25 10,000.00 7,949.75 20.50100-00-52410-335-000 BLDG INSP - CONTRACT INSPECT 1,500.00
1,467.58 2,500.00 1,032.42 58.70100-00-52410-340-000 BLDG INSP - EDUC/TRAVL/DUES 892.12
205.81 1,000.00 794.19 20.58100-00-52410-345-000 BLDG INSP - PRINTING 439.23
0.00 1,000.00 1,000.00 0.00100-00-52410-350-000 BLDG INSP - WI PERMIT SEALS 1,002.80
1,293.04 1,200.00 -93.04 107.75100-00-52410-355-000 BLDG INSP - ADDRESS/FIRE # 1,942.61
206.11 750.00 543.89 27.48100-00-52410-360-000 BLDG INSP - CELL PHONE 202.04
1,033.68 4,000.00 2,966.32 25.84100-00-52410-400-000 BLDG INSP - COMP EQUIP/SOFTWRE 2,397.13
======================================================================================================================================================
260,724.58BUILDING INSPECTION - EXP 86,688.86 30.79180,451.40
======================================================================================================================================================
80,273.18
======================================================================================================================================================
80,273.18 260,724.58Total Expenses 86,688.86 30.79180,451.40
======================================================================================================================================================
-101,253.83-16,468.2677,136.54 -514.8484,785.57Net Totals
Page 28 of 186
Page 29 of 186
Page 30 of 186
Budget Comparison - Detail
D.P.W.
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:00 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
0.00 0.00 0.00 0.00100-00-45410-000-000 PUBLIC WORKS REVENUE 22.00
0.00 1,000.00 -1,000.00 0.00100-00-45430-000-000 RECYCLING REVENUE 1,705.63
26,500.00 2,000.00 24,500.00 1,325.00100-00-45720-000-000 STREET OPENING PERMITS 5,300.00
2,900.00 2,000.00 900.00 145.00100-00-45730-000-000 PLANNING / ZONING FEES 2,025.00
======================================================================================================================================================
5,000.00DPW - REV 9,052.63 588.0024,400.00
======================================================================================================================================================
29,400.00
======================================================================================================================================================
29,400.00 5,000.00Total Revenues 9,052.63 588.0024,400.00
======================================================================================================================================================
Page 31 of 186
Budget Comparison - Detail
D.P.W.
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:00 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
89,450.87 181,368.07 91,917.20 49.32100-00-53302-110-000 STREETS OPERATION - WAGES 98,677.55
31,048.53 68,115.52 37,066.99 45.58100-00-53302-125-000 STREETS OPERATION - HEALTH 33,239.13
6,440.49 13,058.50 6,618.01 49.32100-00-53302-130-000 STREETS OPERATION - WRS 6,662.39
5,144.42 11,244.82 6,100.40 45.75100-00-53302-135-000 STREETS OPERATION - SOC SECURI 5,737.82
1,203.17 2,629.84 1,426.67 45.75100-00-53302-140-000 STREETS OPERATION - MEDICARE 1,341.98
636.28 1,575.00 938.72 40.40100-00-53302-145-000 STREETS OPERATION - MED REIMBU 684.15
22,491.40 46,900.00 24,408.60 47.96100-00-53310-310-000 STREETS - MACHINERY / EQUIPMNT 14,627.78
13,080.52 19,350.00 6,269.48 67.60100-00-53310-311-000 STREETS - FUEL / LUBRICANTS 8,292.32
32.77 500.00 467.23 6.55100-00-53310-312-000 STREETS - WEED CONTROL / GRASS 0.00
2,434.75 8,000.00 5,565.25 30.43100-00-53310-313-000 STREETS - STREET SWEEPING 1,324.39
117.10 5,000.00 4,882.90 2.34100-00-53310-314-000 STREETS - SIGNS 2,060.17
1,216.69 2,500.00 1,283.31 48.67100-00-53310-315-000 STREETS - TOOLS 307.81
65,142.44 64,650.00 -492.44 100.76100-00-53310-316-000 STREETS - SALT / SAND 58,740.44
730.80 4,100.00 3,369.20 17.82100-00-53310-317-000 STREETS - ASPHALT PATCHING 1,733.04
0.00 5,150.00 5,150.00 0.00100-00-53310-318-000 STREETS - CURB/GUTTER/SIDEWALK 750.00
0.00 10,300.00 10,300.00 0.00100-00-53310-319-000 STREETS - PAINTING / STRIPING 0.00
1,121.53 1,500.00 378.47 74.77100-00-53310-320-000 STREETS - SNOW / ICE REMOVAL 250.00
665.68 2,000.00 1,334.32 33.28100-00-53310-322-000 STREETS - OPERATING SUPPLIES 1,538.35
1,085.87 23,500.00 22,414.13 4.62100-00-53310-323-000 STREETS - STREET REPAIR 3,166.60
4,977.04 30,500.00 25,522.96 16.32100-00-53310-324-000 STREETS - BLDGS / GROUNDS 6,776.51
333.74 1,000.00 666.26 33.37100-00-53310-325-000 STREETS - COMP SUPT / PHONES 189.44
2,920.58 5,100.00 2,179.42 57.27100-00-53310-326-000 STREETS - UNIFORMS/SUPPLIES 2,763.74
1,077.00 3,050.00 1,973.00 35.31100-00-53310-340-000 STREETS - EDUC / TRAVEL / DUES 935.00
0.00 25,700.00 25,700.00 0.00100-00-53310-412-000 STREETS - CRACK FILLING 0.00
29.98 3,050.00 3,020.02 0.98100-00-53310-416-000 STREETS - PORTABLE RADIOS 0.00
10,473.12 19,350.00 8,876.88 54.12100-00-53310-422-000 STREETS - UTILITIES 8,469.33
59,408.66 137,500.00 78,091.34 43.21100-00-53420-330-000 STREET LIGHTING - ELECTRICITY 57,532.65
916.50 12,200.00 11,283.50 7.51100-00-53420-331-000 STREET LIGHTING - POLES 0.00
186.71 3,050.00 2,863.29 6.12100-00-53441-310-000 STORM SEWER - CLEANING/REPAIR 0.00
19,141.11 41,777.76 22,636.65 45.82100-00-53624-110-000 TRASH CHIPPING/BRUSH - WAGES 10,412.75
7,424.72 7,858.80 434.08 94.48100-00-53624-125-000 TRASH CHIPPING/BRUSH - HEALTH 2,520.40
1,378.18 3,008.00 1,629.82 45.82100-00-53624-130-000 TRASH CHIPPING/BRUSH - WRS 723.68
1,099.49 2,590.22 1,490.73 42.45100-00-53624-135-000 TRASH CHIPPING/BRUSH - SOC SEC 609.62
257.14 605.78 348.64 42.45100-00-53624-140-000 TRASH CHIPPING/BRUSH - MEDICAR 142.56
145.42 200.00 54.58 72.71100-00-53624-145-000 TRASH CHIPPING/BRUSH - MED REI 73.63
131,738.07 269,000.00 137,261.93 48.97100-00-53625-315-000 TRASH - CURBSIDE PICKUP 129,363.10
-40.00 20,000.00 20,040.00 -0.20100-00-53625-325-000 TRASH - CHIPPING / BRUSH 0.00
5,278.50 5,000.00 -278.50 105.57100-00-53625-326-000 TRASH - SPRING CLEANUP DAY 498.35
97,532.15 212,700.00 115,167.85 45.85100-00-53635-325-000 RECYCLING - CURBSIDE PICKUP 103,490.96
0.00 0.00 0.00 0.00100-00-55200-145-000 PARKS - MEDICAL REIMBURSE -85.49
66,305.35 139,590.31 73,284.96 47.50100-00-55202-110-000 PARKS OPERATIONS - WAGES 49,818.67
23,111.40 30,563.96 7,452.56 75.62100-00-55202-125-000 PARKS OPERATION - HEALTH & LIF 10,960.22
4,773.99 10,050.50 5,276.51 47.50100-00-55202-130-000 PARKS OPERATIONS - WRS 3,462.39
3,809.41 8,654.60 4,845.19 44.02100-00-55202-135-000 PARKS OPERATIONS - SOCIAL SECU 2,903.20
890.95 2,024.06 1,133.11 44.02100-00-55202-140-000 PARKS OEPRATIONS - MEDICARE 678.94
468.47 725.00 256.53 64.62100-00-55202-145-000 PARKS OPERATION - MED REIMBURS 372.08
2,440.65 5,050.00 2,609.35 48.33100-00-55210-310-000 PARKS - MACHINERY / EQUIPMENT 1,258.40
6,686.02 6,150.00 -536.02 108.72100-00-55210-311-000 PARKS - BUILDING MAINTENANCE -8,716.27
1,234.75 12,200.00 10,965.25 10.12100-00-55210-312-000 PARKS - TREES / SHRUBS 9,267.63
368.75 500.00 131.25 73.75100-00-55210-313-000 PARKS - TOOLS 58.98
96.46 1,500.00 1,403.54 6.43100-00-55210-314-000 PARKS - OPERATING SUPPLIES 0.00
462.39 1,000.00 537.61 46.24100-00-55210-315-000 PARKS - TABLES / BENCHES 87.43
Page 32 of 186
Budget Comparison - Detail
D.P.W.
2026
Actual Budget
Status Budget
% of
06/30/2025
3
ACCT
4:00 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
558.82 2,550.00 1,991.18 21.91100-00-55210-316-000 PARKS - PAPER/CLEAN PRODUCTS 1,534.84
0.00 3,050.00 3,050.00 0.00100-00-55210-317-000 PARKS - BALLFIELD MAINTENANCE 1,738.32
8.58 500.00 491.42 1.72100-00-55210-319-000 PARKS - PLAY APPARATUS MAINT 55.50
369.43 1,000.00 630.57 36.94100-00-55210-330-000 PARKS - TELEPHONE 171.05
1,702.19 4,050.00 2,347.81 42.03100-00-55210-331-000 PARKS - FUELS / LUBRICANTS 1,218.00
7,522.93 13,250.00 5,727.07 56.78100-00-55210-332-000 PARKS - ELECTRICITY / GAS 6,801.64
1,396.38 9,150.00 7,753.62 15.26100-00-55210-333-000 PARKS - WATER / SEWER 1,156.83
2,995.80 1,500.00 -1,495.80 199.72100-00-55210-334-000 PARKS - GROUNDS MAINTENANCE 344.07
250.00 2,050.00 1,800.00 12.20100-00-55210-340-000 PARKS - EDUC / TRAVEL / DUES 1,726.15
642.69 4,050.00 3,407.31 15.87100-00-55210-422-000 PARKS - SPLASH PAD CHEMICALS 1,944.13
550.00 1,000.00 450.00 55.00100-00-55210-425-000 PARKS - BANNERS / FLAGS 550.00
5,000.00 5,100.00 100.00 98.04100-00-55210-436-000 PARKS - FERTILIZER/WEED CNTRL 0.00
0.00 20,400.00 20,400.00 0.00100-00-55210-439-000 PARKS - CAPITAL PROJECTS 12,762.39
======================================================================================================================================================
1,560,340.74DPW - EXP 663,704.74 46.01842,373.91
======================================================================================================================================================
717,966.83
======================================================================================================================================================
717,966.83 1,560,340.74Total Expenses 663,704.74 46.01842,373.91
======================================================================================================================================================
-866,773.91-1,555,340.74-654,652.11 44.27-688,566.83Net Totals
Page 33 of 186
Budget Comparison - Detail
HOTEL/MOTEL
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
9,219.21 61,385.58 -52,166.37 15.02150-00-41210-000-000 HOTEL/MOTEL - ROOM TAX 9,854.99
======================================================================================================================================================
61,385.58HOTEL/MOTEL - REV 9,854.99 15.02-52,166.37
======================================================================================================================================================
9,219.21
======================================================================================================================================================
9,219.21 61,385.58Total Revenues 9,854.99 15.02-52,166.37
======================================================================================================================================================
Page 34 of 186
Budget Comparison - Detail
HOTEL/MOTEL
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
22,140.17 30,885.58 8,745.41 71.68150-00-51100-395-001 COMMUNITY EVENTS & ADVERTISING 29,031.31
6,000.00 6,000.00 0.00 100.00150-00-51100-395-002 WASHINGTON COUNTY SUPPORT 6,000.00
11,770.92 24,500.00 12,729.08 48.04150-00-51100-395-003 VILLAGE TOURISM/PROMOTION 11,678.79
======================================================================================================================================================
61,385.58HOTEL/MOTEL - EXP 46,710.10 65.0221,474.49
======================================================================================================================================================
39,911.09
======================================================================================================================================================
39,911.09 61,385.58Total Expenses 46,710.10 65.0221,474.49
======================================================================================================================================================
30,691.880.00-36,855.11 -30,691.88Net Totals
Page 35 of 186
Budget Comparison - Detail
WATER
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:04 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
19,866.00 20,000.00 -134.00 99.33200-00-45612-000-632 WATER - IMPACT FEE 52,030.00
135.00 0.00 135.00 0.00200-00-45790-000-000 WATER - NSF CHARGES 0.00
196,821.64 908,350.00 -711,528.36 21.67200-00-46100-451-000 WATER - RESIDENT METERED SALES 190,427.55
22,531.09 119,230.00 -96,698.91 18.90200-00-46100-452-000 WATER - COMMERC METERED SALES 26,565.19
13,966.37 66,220.00 -52,253.63 21.09200-00-46100-453-000 WATER - INDUSTR METERED SALES 14,456.17
3,714.34 18,000.00 -14,285.66 20.64200-00-46100-454-000 WATER - PUBL AUTH METERED SLS 3,431.66
22,922.35 67,530.00 -44,607.65 33.94200-00-46100-455-000 WATER - MULTI FAMILY RESIDENT 22,499.74
601.50 0.00 601.50 0.00200-00-46100-461-000 WATER - PUBL AUTH / PRIV FIRE 478.50
13,436.15 64,330.00 -50,893.85 20.89200-00-46100-462-000 WATER - PRIVATE FIRE PROTECTN 13,102.01
123,579.72 617,950.00 -494,370.28 20.00200-00-46100-463-000 WATER - PUBLIC FIRE PROTECTION 113,266.47
2,365.45 4,000.00 -1,634.55 59.14200-00-46100-470-000 WATER - PENALTIES 2,237.63
10,737.34 23,000.00 -12,262.66 46.68200-00-46200-419-000 WATER - INTEREST ON INVESTMNTS 13,775.07
9,434.40 61,682.00 -52,247.60 15.30200-00-46200-500-000 WATER - BULK WATER USAGE 7,704.80
40.00 0.00 40.00 0.00200-00-46200-550-000 WATER - PRIVATE WELL PERMIT 0.00
48,056.16 0.00 48,056.16 0.00200-00-46500-000-419 WATER - MISC REVENUE 989.98
======================================================================================================================================================
1,970,292.00WATER - REV 460,964.77 24.78-1,482,084.49
======================================================================================================================================================
488,207.51
======================================================================================================================================================
488,207.51 1,970,292.00Total Revenues 460,964.77 24.78-1,482,084.49
======================================================================================================================================================
Page 36 of 186
Budget Comparison - Detail
WATER
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:04 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
466.42 0.00 -466.42 0.00200-00-51104-000-000 WATER - TWIN CREEKS 0.00
0.00 0.00 0.00 0.00200-00-52000-110-000 WATER PUMPING PLANT - WAGES 9,930.24
272.88 0.00 -272.88 0.00200-00-52000-125-000 WATER PUMPING PLANT - HEALTH 2,525.62
0.00 0.00 0.00 0.00200-00-52000-130-000 WATER PUMPING PLANT - WRS 690.16
0.00 0.00 0.00 0.00200-00-52000-135-000 WATER PUMPING PLANT - SOC SEC 586.06
0.00 0.00 0.00 0.00200-00-52000-140-000 WATER PUMPING PLANT - MEDICARE 137.08
0.00 0.00 0.00 0.00200-00-52000-145-000 WATER PUMPING PLANT - MED REIM 56.18
44,345.36 88,550.00 44,204.64 50.08200-00-52000-622-000 WATER -UTILITIES 43,013.53
11,442.89 22,650.00 11,207.11 50.52200-00-52000-623-000 WATER - PUMP PLANT OPERATIONS 10,410.42
9,870.77 16,450.00 6,579.23 60.00200-00-52000-623-300 WATER - PUMP PLANT EQUIPMENT 12,698.62
4,185.03 4,100.00 -85.03 102.07200-00-52000-624-000 WATER - TELEPHONE 1,299.50
29,729.77 154,500.00 124,770.23 19.24200-00-52000-625-301 WATER - BUILDING / GROUNDS 34,875.94
9,756.34 15,450.00 5,693.66 63.15200-00-52000-625-403 WATER - WELL MAINTENANCE 0.00
176,882.00 20,600.00 -156,282.00 858.65200-00-52000-625-405 WATER - WATER TOWER MAINT 2,500.00
2,841.15 6,891.60 4,050.45 41.23200-00-53000-110-000 WATER DIGGERS HOTLINE - WAGES 4,989.27
1,318.72 1,956.45 637.73 67.40200-00-53000-125-000 WATER DIGGERS HOTLINE - HEALTH 1,118.53
204.55 496.20 291.65 41.22200-00-53000-130-000 WATER DIGGERS HOTLINE - WRS 346.77
162.64 427.28 264.64 38.06200-00-53000-135-000 WATER DIGGERS - SOCIAL SECURIT 287.70
38.03 99.93 61.90 38.06200-00-53000-140-000 WATER DIGGERS HOT - MEDICARE 67.29
22.78 62.50 39.72 36.45200-00-53000-145-000 WATER DIGGERS HOTLINE - MED RE 38.88
12,329.94 30,900.00 18,570.06 39.90200-00-53000-631-000 WATER - TREATMENT CHEMICALS 11,343.82
795.20 4,100.00 3,304.80 19.40200-00-53000-632-000 WATER DIGGERS HOTLINE EXPENSES 2,234.85
104,702.35 291,539.72 186,837.37 35.91200-00-54000-110-000 WATER DISTRIBUTION - WAGES 129,071.38
42,228.48 74,249.25 32,020.77 56.87200-00-54000-125-000 WATER DISTRIBUTION - HEALTH 28,247.77
7,538.51 20,990.86 13,452.35 35.91200-00-54000-130-000 WATER DISTRIBUTION - WRS 8,277.78
5,739.59 18,075.46 12,335.87 31.75200-00-54000-135-000 WATER DISTRIBUTION - SOC SECUR 7,487.48
1,342.33 4,227.33 2,885.00 31.75200-00-54000-140-000 WATER DISTRIBUTION - MEDICARE 1,751.12
725.46 1,937.50 1,212.04 37.44200-00-54000-145-000 WATER DISTRIBUTION - MED REIMB 727.27
217.83 6,150.00 5,932.17 3.54200-00-54000-641-300 WATER - TOOLS 2,877.49
0.00 5,150.00 5,150.00 0.00200-00-54000-650-300 WATER - ENERGENICS MONITORING 0.00
1,660.00 3,050.00 1,390.00 54.43200-00-54000-650-301 WATER - CATHODIC PROTECTION 0.00
0.00 3,050.00 3,050.00 0.00200-00-54000-650-404 WATER - THERMAL BONDING 0.00
3,264.83 170,000.00 166,735.17 1.92200-00-54000-651-300 WATER - REPAIR/REPLACE MAINS 67,632.71
3,869.42 20,600.00 16,730.58 18.78200-00-54000-651-402 WATER - SYSTEM STUDY 627.00
25,856.69 25,750.00 -106.69 100.41200-00-54000-651-403 WATER - SYSTEM MAPPING 8,065.63
22,794.82 51,500.00 28,705.18 44.26200-00-54000-653-000 WATER - METERS/REGISTERS/WIRE 17,499.08
0.00 3,600.00 3,600.00 0.00200-00-54000-653-301 WATER - LARGE METER TESTING 0.00
0.00 4,100.00 4,100.00 0.00200-00-54000-654-000 WATER - HYDRANT MAINTENANCE 765.00
0.00 10,300.00 10,300.00 0.00200-00-54000-654-300 WATER - HYDRANT PAINTING 0.00
20,606.56 50,748.36 30,141.80 40.61200-00-55000-110-000 WATER ACCT/BILLING - WAGES 16,484.97
7,823.34 18,191.00 10,367.66 43.01200-00-55000-125-000 WATER ACCT/BILLING - HEALTH 6,842.10
1,330.96 2,708.90 1,377.94 49.13200-00-55000-130-000 WATER ACCT/BILLING -WRS 995.67
1,193.56 3,146.40 1,952.84 37.93200-00-55000-135-000 WATER ACCT/BILLING - SOC SEC 928.54
279.15 735.85 456.70 37.94200-00-55000-140-000 WATER ACCT/BILLING - MEDICARE 217.21
162.25 325.00 162.75 49.92200-00-55000-145-000 WATER ACCT/BILLING - MED REIMB 124.67
503.64 1,600.00 1,096.36 31.48200-00-55000-923-300 WATER - CELL PHONES 271.04
11,337.50 15,450.00 4,112.50 73.38200-00-55000-923-301 WATER - AUDIT / ACCOUNTNG 7,050.00
20,579.44 42,005.50 21,426.06 48.99200-00-57000-110-000 WATER ADMIN - WAGES 19,505.49
7,656.15 14,390.10 6,733.95 53.20200-00-57000-125-000 WATER ADMIN - HEALTH & LIFE 6,221.87
1,481.71 3,024.40 1,542.69 48.99200-00-57000-130-000 WATER ADMIN - WRS 1,355.65
1,213.29 2,604.34 1,391.05 46.59200-00-57000-135-000 WATER ADMIN - SOCIAL SECURITY 1,150.44
283.76 609.08 325.32 46.59200-00-57000-140-000 WATER ADMIN - MEDICARE 269.07
Page 37 of 186
Budget Comparison - Detail
WATER
2026
Actual Budget
Status Budget
% of
06/30/2025
3
ACCT
4:04 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
93.75 187.50 93.75 50.00200-00-57000-145-000 WATER ADMIN - MED REIMBURSE 116.56
164.48 2,050.00 1,885.52 8.02200-00-57000-921-000 WATER - OFFICE SUPPLIES 316.82
2,843.80 12,350.00 9,506.20 23.03200-00-57000-921-300 WATER - POSTAGE/COPIES 4,087.69
1,477.18 6,150.00 4,672.82 24.02200-00-57000-922-000 WATER - UNIFORMS/SAFETY EQUIP 3,660.47
82,678.64 86,800.00 4,121.36 95.25200-00-57000-924-000 WATER - PROP/LIABLTY INSURANCE 72,578.48
699.42 3,600.00 2,900.58 19.43200-00-57000-928-000 WATER - REGULATORY COMM 0.00
3,211.29 10,300.00 7,088.71 31.18200-00-57000-930-000 WATER - GENERAL EXPENSES 5,086.28
4,411.01 9,250.00 4,838.99 47.69200-00-57000-930-300 WATER - EDUC / TRAVEL / DUES 6,962.12
2,845.13 2,050.00 -795.13 138.79200-00-57000-930-301 WATER - EMERGNCY RESPNSE REPTS 1,375.00
914.50 3,050.00 2,135.50 29.98200-00-57000-931-000 WATER - FORMS/PRINTING 770.00
3,118.61 10,300.00 7,181.39 30.28200-00-57000-933-000 WATER - FUEL / LUBRICANTS 3,409.31
100.33 9,250.00 9,149.67 1.08200-00-57000-933-300 WATER - VEHICLE MAINT / EQUIP 2,531.90
0.00 36,000.00 36,000.00 0.00200-00-57000-933-400 WATER - NEW EQUIPMENT 0.00
8,411.90 20,600.00 12,188.10 40.83200-00-57000-933-452 WATER - SCADA SYSTEM 6,093.75
0.00 200,000.00 200,000.00 0.00200-00-58000-408-301 WATER - PYMNT IN LIEU OF TAXES 0.00
25.00 0.00 -25.00 0.00200-00-59000-000-000 WATER - BANK SERVICE FEES 0.00
22,879.42 0.00 -22,879.42 0.00200-00-59000-001-000 WATER - DEBT ISSUANCE EXPENSE 0.00
0.00 0.00 0.00 0.00200-00-59000-005-000 2023B REVENUE INTEREST EXPENSE -12,891.00
======================================================================================================================================================
1,648,980.51WATER - EXP 567,694.27 44.45916,049.96
======================================================================================================================================================
732,930.55
======================================================================================================================================================
732,930.55 1,648,980.51Total Expenses 567,694.27 44.45916,049.96
======================================================================================================================================================
566,034.53321,311.49-106,729.50 -76.16-244,723.04Net Totals
Page 38 of 186
Budget Comparison - Detail
SEWER
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:03 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
489,815.26 1,619,195.00 -1,129,379.74 30.25300-00-45611-610-622 SEWER - RESIDENTIAL METERED 399,235.62
64,933.62 251,330.00 -186,396.38 25.84300-00-45611-611-622 SEWER - COMMERCIAL METERED 67,228.10
25,148.94 82,600.00 -57,451.06 30.45300-00-45611-612-622 SEWER - INDUSTRIAL METERED 21,127.40
14,340.88 94,400.00 -80,059.12 15.19300-00-45611-613-622 SEWER - INDUSTRIAL SURCHARGES 15,452.81
6,946.71 33,000.00 -26,053.29 21.05300-00-45611-615-622 SEWER - PUBLIC AUTHORITIES 5,664.18
81,769.50 236,000.00 -154,230.50 34.65300-00-45611-616-622 SEWER - HOLDING / SEPTIC TANK 69,806.25
55,042.07 135,120.00 -80,077.93 40.74300-00-45611-617-622 SEWER - MULTI FAMILY METERED 35,762.09
3,782.16 0.00 3,782.16 0.00300-00-45612-000-631 SEWER - FORFEITED DISCOUNTS 2,925.25
85,911.00 200,000.00 -114,089.00 42.96300-00-45612-000-632 SEWER - CONNECTION FEES 230,042.00
1,240.00 0.00 1,240.00 0.00300-00-45614-000-420 SEWER - PRIVATE WELL TESTING 320.00
64,660.06 138,000.00 -73,339.94 46.86300-00-48110-000-419 SEWER - INTERST ON TEMP INVEST 77,537.09
======================================================================================================================================================
2,789,645.00SEWER - REV 925,100.79 32.03-1,896,054.80
======================================================================================================================================================
893,590.20
======================================================================================================================================================
893,590.20 2,789,645.00Total Revenues 925,100.79 32.03-1,896,054.80
======================================================================================================================================================
Page 39 of 186
Budget Comparison - Detail
SEWER
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:03 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
134,554.34 377,624.55 243,070.21 35.63300-00-57310-110-000 SEWER SUPERVISION/LABOR -WAGES 174,250.50
2,958.59 11,891.60 8,933.01 24.88300-00-57310-110-001 SEWER DIGGERS HOTLINE -WAGES 4,510.10
39,067.29 83,071.07 44,003.78 47.03300-00-57310-125-000 SEWER SUPERVISION/LABOR-HEALTH 46,176.23
1,318.72 1,956.45 637.73 67.40300-00-57310-125-001 SEWER DIGGERS HOTLINE - HEALTH 1,059.84
9,333.58 25,685.00 16,351.42 36.34300-00-57310-130-000 SEWER SUPERVISION/LABOR - WRS 11,520.68
213.01 856.20 643.19 24.88300-00-57310-130-001 SEWER DIGGERS HOTLINE - WRS 313.48
7,910.93 23,412.72 15,501.79 33.79300-00-57310-135-000 SEWER SUPERVISION/LABOR - SS 10,652.63
169.47 737.28 567.81 22.99300-00-57310-135-001 SEWER DIGGERS HOTLINE- SOC SEC 260.31
1,850.15 5,475.56 3,625.41 33.79300-00-57310-140-000 SEWER SUPERVISION/LABOR-MEDICA 2,491.26
39.63 172.43 132.80 22.98300-00-57310-140-001 SEWER DIGGERS HOTLINE-MEDICARE 60.89
23.72 12.50 -11.22 189.76300-00-57310-145-001 SEWER DIGGERS HOTLINE - MED RE 34.57
862.37 1,987.50 1,125.13 43.39300-00-57310-145-002 SEWER SUPERVISION - MED REIMBU 1,082.38
651.99 10,300.00 9,648.01 6.33300-00-57310-822-000 SEWER DIGGERS HOTLINE EXPENSES 1,180.99
1,038.74 3,600.00 2,561.26 28.85300-00-57310-823-300 SEWER - CHLORINE 431.65
22,510.29 57,400.00 34,889.71 39.22300-00-57310-823-301 SEWER - ALUMINUM SULFATE 20,132.23
10,740.50 12,100.00 1,359.50 88.76300-00-57310-823-302 SEWER - POLYMER 1,939.50
333.90 1,540.00 1,206.10 21.68300-00-57310-823-304 SEWER - CHEMICALS 141.61
7,010.60 14,400.00 7,389.40 48.68300-00-57310-825-000 SEWER - LAB TIME / SUPPLIES 7,033.48
1,752.28 8,200.00 6,447.72 21.37300-00-57310-827-000 SEWER - OPERATION SUPPLIES 986.70
3,085.20 16,450.00 13,364.80 18.76300-00-57310-828-000 SEWER - TRANSPORTATION 3,984.22
94,297.24 169,950.00 75,652.76 55.49300-00-57310-829-000 SEWER - UTILITIES 82,999.32
1,451.99 8,225.00 6,773.01 17.65300-00-57310-830-000 SEWER - UNIFORMS/SAFETY EQUIP 1,911.09
0.00 2,050.00 2,050.00 0.00300-00-57310-831-000 SEWER - SLUDGE TESTING 1.99
16,608.97 82,400.00 65,791.03 20.16300-00-57320-831-000 SEWER - COLLECT SYSTEM MAINT 6,460.06
38,553.14 61,800.00 23,246.86 62.38300-00-57320-833-000 SEWER - EQUIPMENT MAINTENANCE 1,275.43
31,159.81 128,750.00 97,590.19 24.20300-00-57320-834-000 SEWER - BLDGS / GROUNDS MAINT 12,108.24
20,579.49 42,005.50 21,426.01 48.99300-00-57340-110-000 SEWER ADMIN - WAGES 19,505.49
20,621.25 50,748.36 30,127.11 40.63300-00-57340-110-001 SEWER ACCT/BILLING - WAGES 16,485.21
7,656.85 14,390.10 6,733.25 53.21300-00-57340-125-000 SEWER ADMIN - HEALTH & LIFE 4,378.65
7,835.28 18,191.00 10,355.72 43.07300-00-57340-125-001 SEWER ACCT/BILLING - HEALTH 6,841.98
1,481.77 3,024.40 1,542.63 48.99300-00-57340-130-000 SEWER ADMIN - WRS 1,355.56
1,332.56 2,708.90 1,376.34 49.19300-00-57340-130-002 SEWER ACCT/BILLING - WRS 995.67
1,213.29 2,604.34 1,391.05 46.59300-00-57340-135-000 SEWER ADMIN - SOCIAL SECURITY 1,150.45
1,194.25 3,146.40 1,952.15 37.96300-00-57340-135-003 SEWER ACCT/BILLING - SOC SECUR 928.56
283.81 609.08 325.27 46.60300-00-57340-140-000 SEWER ADMIN - MEDICARE 269.06
279.36 735.85 456.49 37.96300-00-57340-140-004 SEWER ACCT/BILLING - MEDICARE 217.06
93.76 187.50 93.74 50.01300-00-57340-145-000 SEWER ADMIN - MEDICAL REIMBURS 117.49
161.56 325.00 163.44 49.71300-00-57340-145-001 SEWER ACCT/BILLING - MED REIMB 125.32
376.41 1,000.00 623.59 37.64300-00-57340-851-000 SEWER - OFFICE SUPPLIES 50.36
83,970.49 88,500.00 4,529.51 94.88300-00-57340-853-000 SEWER - PROP / LIAB INSURANCE 73,712.52
7,462.50 15,450.00 7,987.50 48.30300-00-57340-860-000 SEWER - AUDIT / ACCOUNTNG FEES 7,050.00
0.00 5,150.00 5,150.00 0.00300-00-57340-861-000 SEWER - METER CALIBRATION 0.00
63,291.74 150,000.00 86,708.26 42.19300-00-57340-862-000 SEWER - SLUDGE HAULING 49,780.00
8,481.85 16,000.00 7,518.15 53.01300-00-57340-863-000 SEWER - INDUSTRIAL MONITORING 7,908.00
2,164.30 4,100.00 1,935.70 52.79300-00-57340-867-000 SEWER - CELL/TELEPHONES 1,405.91
6,261.00 6,150.00 -111.00 101.80300-00-57340-870-000 SEWER - SCADA SYSTEMS 3,253.59
2,843.80 12,300.00 9,456.20 23.12300-00-57340-872-000 SEWER - POSTAGE 4,056.25
11,825.43 14,400.00 2,574.57 82.12300-00-57340-877-000 SEWER - METAL / BIOASSAY TESTS 5,871.99
2,533.36 8,225.00 5,691.64 30.80300-00-57350-864-000 SEWER - EDUCATION/TRAVEL/DUES 2,561.31
11,974.23 12,350.00 375.77 96.96300-00-57350-865-000 SEWER - DNR ENVIRONMENTAL FEE 11,450.20
563.75 550.00 -13.75 102.50300-00-57350-866-000 SEWER - EMERGENCY RESPONSE BRD 550.00
34,956.00 315,368.00 280,412.00 11.08300-00-58300-701-000 SEWER - REPLACEMENT FUND 89,035.40
Page 40 of 186
Budget Comparison - Detail
SEWER
2026
Actual Budget
Status Budget
% of
06/30/2025
3
ACCT
4:03 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
4,127.00 12,350.00 8,223.00 33.42300-00-58300-715-000 SEWER - COMPUTER SOFTWRE UPGRD 6,171.89
458.09 4,100.00 3,641.91 11.17300-00-58300-716-000 SEWER - TOOLS 271.51
0.00 3,050.00 3,050.00 0.00300-00-58300-722-000 SEWER - THERMAL BONDING 0.00
0.00 123,600.00 123,600.00 0.00300-00-58300-729-000 SEWER - DIGESTER FILTER STUDY 255.00
104,078.84 0.00 -104,078.84 0.00300-00-59000-001-000 SEWER - DEBT ISSUANCE EXPENSE 0.00
0.00 0.00 0.00 0.00300-00-59000-005-000 2023B REVENUE INTEREST EXPENSE -23,843.00
======================================================================================================================================================
2,041,367.29SEWER - EXP 684,910.81 40.931,205,768.82
======================================================================================================================================================
835,598.47
======================================================================================================================================================
835,598.47 2,041,367.29Total Expenses 684,910.81 40.931,205,768.82
======================================================================================================================================================
690,285.98748,277.71240,189.98 7.7557,991.73Net Totals
Page 41 of 186
Budget Comparison - Detail
APRA
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:00 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
411.33 0.00 411.33 0.00450-00-48100-000-000 ARPA - INTEREST ON INVES 3,130.24
0.00 35,000.00 -35,000.00 0.00450-00-49000-000-000 ARPA - FUND BALANCE APPLIED 0.00
======================================================================================================================================================
35,000.00APRA - REV 3,130.24 1.18-34,588.67
======================================================================================================================================================
411.33
======================================================================================================================================================
411.33 35,000.00Total Revenues 3,130.24 1.18-34,588.67
======================================================================================================================================================
Page 42 of 186
Budget Comparison - Detail
APRA
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:00 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
21,303.00 35,000.00 13,697.00 60.87450-00-57001-000-000 ARPA - EXPENDITURES 102,950.51
======================================================================================================================================================
35,000.00ARPA - EXP 102,950.51 60.8713,697.00
======================================================================================================================================================
21,303.00
======================================================================================================================================================
21,303.00 35,000.00Total Expenses 102,950.51 60.8713,697.00
======================================================================================================================================================
20,891.670.00-99,820.27 -20,891.67Net Totals
Page 43 of 186
Budget Comparison - Detail
RECREATION DEPARTMENT
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
16,585.62 10,000.00 6,585.62 165.86500-00-45620-204-000 REC - GRANTS/DONATIONS/SPONSRS 6,979.13
10,316.06 24,000.00 -13,683.94 42.98500-00-45620-206-000 REC - ADULT PROGRAM FEES 13,078.14
34,144.73 45,000.00 -10,855.27 75.88500-00-45620-208-000 REC - YOUTH PROGRAM FEES 34,989.80
2,131.75 3,000.00 -868.25 71.06500-00-45620-209-000 REC - SENIOR PROGRAMS 3,799.73
1,100.00 5,000.00 -3,900.00 22.00500-00-45620-210-000 REC - ADULT LEAGUES FEES 4,100.00
625.00 2,500.00 -1,875.00 25.00500-00-45620-211-000 REC - YOUTH LEAGUE FEES 0.00
2,073.00 9,000.00 -6,927.00 23.03500-00-45620-214-000 REC - CONCESSIONS 1,717.00
23,657.35 70,000.00 -46,342.65 33.80500-00-45620-224-000 REC - SPECIAL EVENTS 27,746.00
30,000.00 30,000.00 0.00 100.00500-00-45620-232-000 REC - BOYS & GIRLS CLUB RENT 15,000.00
3,222.19 6,000.00 -2,777.81 53.70500-00-45620-234-000 REC - WASH CTY AGING RENT 600.00
18,789.60 55,000.00 -36,210.40 34.16500-00-45620-236-000 REC - BLDG / SHELTER RENTALS 33,257.50
1,092.00 1,000.00 92.00 109.20500-00-45620-237-000 REC - OPEN GYM FEES 165.00
9,563.33 15,000.00 -5,436.67 63.76500-00-45620-238-000 REC - FITNESS MEMBERSHIPS 7,903.75
15,180.00 30,000.00 -14,820.00 50.60500-00-45620-240-000 REC - KETTLEBROK CHURCH RENT 7,500.00
475.42 600.00 -124.58 79.24500-00-45620-243-000 REC - POSTAGE / COPY MACHINES 3.40
108,955.50 115,000.00 -6,044.50 94.74500-00-45620-250-000 REC - WBSC 4K PROGRAM 45,891.72
0.00 1,500.00 -1,500.00 0.00500-00-45620-252-000 REC - VILLAGE WELLNESS PROGRAM 12.66
0.00 15,000.00 -15,000.00 0.00500-00-45620-260-000 REC - FUND BALANCE APPLIED 0.00
142,435.50 284,871.00 -142,435.50 50.00500-00-47210-000-000 REC- GENERAL FUND TRANSFER 132,254.00
0.00 11,000.00 -11,000.00 0.00500-00-49500-000-000 REC-TRANSFER FROM OTHER FUNDS 0.00
======================================================================================================================================================
733,471.00RECREATION - REV 334,997.83 57.31-313,123.95
======================================================================================================================================================
420,347.05
======================================================================================================================================================
420,347.05 733,471.00Total Revenues 334,997.83 57.31-313,123.95
======================================================================================================================================================
Page 44 of 186
Budget Comparison - Detail
RECREATION DEPARTMENT
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
102,136.09 231,913.28 129,777.19 44.04500-00-55310-110-000 REC ADMIN - WAGES 143,597.98
18,936.45 43,750.00 24,813.55 43.28500-00-55310-110-001 REC EVEN/WEEKEND - WAGES 22,808.02
14,352.65 21,000.00 6,647.35 68.35500-00-55310-110-002 REC PART-TIME SEASONAL - WAGES 10,412.40
48,768.93 95,040.00 46,271.07 51.31500-00-55310-110-004 REC WBSD 4K - WAGES 19,278.00
43,326.72 77,805.71 34,478.99 55.69500-00-55310-125-000 REC ADMIN - HEALTH/LIFE INSUR 33,014.65
31.92 0.00 -31.92 0.00500-00-55310-125-002 REC PART-TIME/SEAS-HEALTH/LIFE 23.94
7,060.81 16,697.76 9,636.95 42.29500-00-55310-130-000 REC ADMIN - WRS 9,382.53
98.82 164.70 65.88 60.00500-00-55310-130-001 REC EVEN/WEEKEND - WRS 48.48
36.24 0.00 -36.24 0.00500-00-55310-130-002 REC PART-TIME/SEASONAL - WRS 33.36
2,177.28 3,888.00 1,710.72 56.00500-00-55310-130-004 REC WBSD 4K - WRS 997.37
6,741.92 14,378.62 7,636.70 46.89500-00-55310-135-000 REC ADMIN - SOCIAL SECURITY 9,303.63
1,174.10 3,208.78 2,034.68 36.59500-00-55310-135-001 REC EVEN/WEEKEND - SOC SEC 1,414.15
889.88 1,302.00 412.12 68.35500-00-55310-135-002 REC PART-TIME/SEASON - SOC SEC 645.57
2,991.77 5,892.48 2,900.71 50.77500-00-55310-135-004 REC WBSD 4K - SOCIAL SECURITY 1,195.24
1,576.82 3,362.74 1,785.92 46.89500-00-55310-140-000 REC ADMIN - MEDICARE 2,175.92
274.59 634.38 359.79 43.28500-00-55310-140-001 REC EVEN/WEEKEND - MEDICARE 330.77
208.16 304.50 96.34 68.36500-00-55310-140-002 REC PART-TIME/SEASON -MEDICARE 151.00
699.66 1,378.08 678.42 50.77500-00-55310-140-004 REC WBSD 4K - MEDICARE 279.57
326.91 1,000.00 673.09 32.69500-00-55310-145-000 REC ADMIN - MEDICAL REIMBURSE 521.14
1,423.58 5,500.00 4,076.42 25.88500-00-55310-202-000 REC - EDUCATION/TRAVEL/DUES 2,378.61
2,655.25 5,000.00 2,344.75 53.11500-00-55310-204-000 REC - PROGRAM / ACCT REFUNDS 3,564.00
3,875.56 6,500.00 2,624.44 59.62500-00-55310-205-000 REC - PROP/LIABLTY INSURANCE 3,402.12
2,629.23 5,000.00 2,370.77 52.58500-00-55310-206-000 REC - COMPUTER EQUIPMENT 2,494.00
16,572.35 48,000.00 31,427.65 34.53500-00-55310-207-000 REC - GAS / ELECTRIC 16,572.33
438.77 3,500.00 3,061.23 12.54500-00-55310-208-000 REC - OFFICE SUPPLIES 1,367.51
838.00 3,500.00 2,662.00 23.94500-00-55310-209-000 REC - WATER / SEWER 813.78
552.39 1,800.00 1,247.61 30.69500-00-55310-210-000 REC - CELL PHONES 962.06
1,481.07 3,500.00 2,018.93 42.32500-00-55310-211-000 REC - PHONE / INTERNET 3,924.32
8,144.25 8,000.00 -144.25 101.80500-00-55310-212-000 REC - IT SUPPORT 3,331.34
3,920.90 15,000.00 11,079.10 26.14500-00-55310-213-000 REC - BLDG EQUIPMENT / REPAIRS 11,878.88
1,852.70 3,000.00 1,147.30 61.76500-00-55310-214-000 REC - YOUTH PROGRAM SUPPLIES 833.15
1,922.83 3,500.00 1,577.17 54.94500-00-55310-215-000 REC - JANITORIAL/BLDG SUPPLIES 2,100.64
851.84 1,500.00 648.16 56.79500-00-55310-216-000 REC - ADULT PROGRAM SUPPLIES 188.68
547.19 1,200.00 652.81 45.60500-00-55310-217-000 REC - SENIOR PROGRAMS 3,000.87
10,773.34 25,000.00 14,226.66 43.09500-00-55310-220-000 REC - SPECIAL EVENTS 10,921.35
3,421.15 3,500.00 78.85 97.75500-00-55310-222-000 REC - PRINTING 2,283.25
336.56 4,500.00 4,163.44 7.48500-00-55310-224-000 REC - POSTAGE / COPIER 1,215.30
0.00 1,000.00 1,000.00 0.00500-00-55310-228-000 REC - STAFF UNIFORMS 923.80
2,829.02 5,000.00 2,170.98 56.58500-00-55310-230-000 REC - CONCESSIONS-RESALEABLE 1,431.10
224.94 2,000.00 1,775.06 11.25500-00-55310-254-000 REC - ADULT LEAGUES 247.37
19,065.67 38,000.00 18,934.33 50.17500-00-55310-258-000 REC - CONTRACTUAL SERVICES 18,046.06
313.35 750.00 436.65 41.78500-00-55310-262-000 REC - CONTINGENCY 527.46
295.00 1,000.00 705.00 29.50500-00-55310-268-000 REC - CONCESSION STAND MAINT 266.45
2,222.92 6,000.00 3,777.08 37.05500-00-55310-269-000 REC - FIRE/SECURITY MONITORING 298.34
2,460.77 4,500.00 2,039.23 54.68500-00-55310-270-000 REC - SALES & USE TAX 970.05
2,608.52 5,000.00 2,391.48 52.17500-00-55310-280-000 REC - WBSD 4K PROGRAM SUPPLIES 686.22
0.00 1,000.00 1,000.00 0.00500-00-55310-282-000 REC - VILLAGE WELLNESS PROGRAM 316.44
======================================================================================================================================================
733,471.03RECREATION - EXP 350,559.20 46.91389,404.16
======================================================================================================================================================
344,066.87
======================================================================================================================================================
344,066.87 733,471.03Total Expenses 350,559.20 46.91389,404.16
======================================================================================================================================================
Page 45 of 186
Budget Comparison - Detail
RECREATION DEPARTMENT
2026
Actual Budget
Status Budget
% of
06/30/2025
3
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
-76,280.21-0.03-15,561.37 76,280.18Net Totals
Page 46 of 186
Budget Comparison - Detail
CAPITAL PROJECTS
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:00 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
0.00 321,119.00 -321,119.00 0.00600-00-41110-000-000 CAP PRJT - TAX LEVY 0.00
16,980.16 0.00 16,980.16 0.00600-00-44155-100-000 CAP PRJT - POLICE IMPACT FEE 45,959.64
25,469.43 0.00 25,469.43 0.00600-00-44155-900-000 CAP PRJT - FIRE IMPACT FEE 68,889.20
4,414.00 0.00 4,414.00 0.00600-00-46000-000-000 CAP PRJT - SPEC ASSESS PRINCIP 1,124.07
30.42 0.00 30.42 0.00600-00-46100-000-000 CAP PRJT - SPECIAL ASSESS INT 21.40
2,500,000.00 0.00 2,500,000.00 0.00600-00-49500-000-000 CAP PRJT - LT DEBT PROCEEDS 3,815,000.00
28,090.28 10,000.00 18,090.28 280.90600-00-49500-300-000 CAP PRJT - INTEREST 94,213.87
0.00 0.00 0.00 0.00600-00-49700-000-000 CAP PRJT - MISC REVENUE 5,000.00
74,111.70 0.00 74,111.70 0.00600-00-49800-000-000 CAP PRJT - PREMIUM LT DEBT 57,941.15
======================================================================================================================================================
331,119.00CAPITAL PROJECTS - REV 4,088,149.33 800.042,317,976.99
======================================================================================================================================================
2,649,095.99
======================================================================================================================================================
2,649,095.99 331,119.00Total Revenues 4,088,149.33 800.042,317,976.99
======================================================================================================================================================
Page 47 of 186
Budget Comparison - Detail
CAPITAL PROJECTS
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:00 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
1,651.33 20,000.00 18,348.67 8.26600-00-53310-416-000 CAP PRJT - HICKORY LANE PARK 75,423.00
120,273.00 172,000.00 51,727.00 69.93600-00-53310-450-000 CAP PRJT - STREETS MACHINERY 23,838.49
4,845.83 35,000.00 30,154.17 13.85600-00-56700-000-000 CAP PRJT - MISC PROJECT COSTS 20,100.00
154,588.49 0.00 -154,588.49 0.00600-00-56700-400-000 CAP PRJT - REPAIRS/CONSTRUCT 56,450.75
0.00 12,000.00 12,000.00 0.00600-00-56700-810-003 CAP PRJT - ELECTION EQUIPMENT 0.00
0.00 0.00 0.00 0.00600-00-56700-820-001 CAP PRJT - CHESTNUT COURT 167,890.39
2,584.68 0.00 -2,584.68 0.00600-00-56700-820-002 CAP PRJT - COMM CENTER EXPANSE 1,389,533.05
0.00 120,000.00 120,000.00 0.00600-00-56700-820-005 CAP PRJT - MIDWEST FIBER RELOC 0.00
0.00 18,000.00 18,000.00 0.00600-00-56700-820-006 CAP PRJT - COMM CENTER HVAC 0.00
14,160.08 17,000.00 2,839.92 83.29600-00-56700-820-007 CAP PRJT - JACKSON PARK TABLES 16,998.49
0.00 10,000.00 10,000.00 0.00600-00-56700-820-008 CAP PRJT - DOG PARK FEASABILTY 13,761.00
111,539.20 0.00 -111,539.20 0.00600-00-58300-000-000 CAP PRJT - ISSUANCE EXPENSES 173,726.75
======================================================================================================================================================
404,000.00CAPITAL PROJECTS - EXP 1,937,721.92 101.40-5,642.61
======================================================================================================================================================
409,642.61
======================================================================================================================================================
409,642.61 404,000.00Total Expenses 1,937,721.92 101.40-5,642.61
======================================================================================================================================================
-2,312,334.38-72,881.002,150,427.41 -3,072.752,239,453.38Net Totals
Page 48 of 186
Page 49 of 186
Budget Comparison - Detail
TID 5
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:03 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
0.00 91,230.00 -91,230.00 0.00650-00-41120-000-000 TID #5 - TAX INCREMENT 0.00
1,964.74 1,964.74 0.00 100.00650-00-42220-000-000 TID #5 - STATE PERS PROP AID 1,964.74
======================================================================================================================================================
93,194.74TID 5 - REV 1,964.74 2.11-91,230.00
======================================================================================================================================================
1,964.74
======================================================================================================================================================
1,964.74 93,194.74Total Revenues 1,964.74 2.11-91,230.00
======================================================================================================================================================
Page 50 of 186
Budget Comparison - Detail
TID 5
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:03 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
44,639.55 85,756.00 41,116.45 52.05650-00-56700-000-000 TID #5 - DEVELOPER AGREEMNTS 44,570.75
150.00 1,850.00 1,700.00 8.11650-00-56700-460-000 TID #5 - MISC TID EXPENSES 150.00
======================================================================================================================================================
87,606.00TID 5 - EXP 44,720.75 51.1342,816.45
======================================================================================================================================================
44,789.55
======================================================================================================================================================
44,789.55 87,606.00Total Expenses 44,720.75 51.1342,816.45
======================================================================================================================================================
48,413.555,588.74-42,756.01 -766.27-42,824.81Net Totals
Page 51 of 186
Budget Comparison - Detail
TID 6
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:04 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
0.00 469,817.00 -469,817.00 0.00660-00-41120-000-000 TID #6 - TAX INCREMENT 0.00
17,111.40 17,111.40 0.00 100.00660-00-42220-000-000 TID #6 - STATE PERS PROP AID 17,111.40
======================================================================================================================================================
486,928.40TID 6 - REV 17,111.40 3.51-469,817.00
======================================================================================================================================================
17,111.40
======================================================================================================================================================
17,111.40 486,928.40Total Revenues 17,111.40 3.51-469,817.00
======================================================================================================================================================
Page 52 of 186
Budget Comparison - Detail
TID 6
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:04 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
150.00 2,000.00 1,850.00 7.50660-00-56700-000-000 TID #6 - MISC TID EXPENSES 999.50
345,580.00 686,660.00 341,080.00 50.33660-00-56700-460-000 TID #6 - DEVELOPER AGREEMNTS 211,780.00
0.00 323,610.00 323,610.00 0.00660-00-59200-000-000 TID #6 - TRANS TO DEBT SRV 0.00
======================================================================================================================================================
1,012,270.00TID 6 - EXP 212,779.50 34.15666,540.00
======================================================================================================================================================
345,730.00
======================================================================================================================================================
345,730.00 1,012,270.00Total Expenses 212,779.50 34.15666,540.00
======================================================================================================================================================
-196,723.00-525,341.60-195,668.10 62.55-328,618.60Net Totals
Page 53 of 186
Budget Comparison - Detail
TID 7
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:04 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
0.00 154,008.00 -154,008.00 0.00670-00-41120-000-000 TID #7 - TAX INCREMENT 0.00
9,274.21 9,274.21 0.00 100.00670-00-42220-000-000 TID #7 - STATE PERS PROP AID 9,274.21
0.00 5,253.22 -5,253.22 0.00670-00-46750-100-000 TID #7 - INFASTRUCTURE OAKS 5,253.22
1,438.48 0.00 1,438.48 0.00670-00-49500-100-000 TID #7 - INTEREST 2,025.88
6,910.00 0.00 6,910.00 0.00670-00-49700-000-000 TID #7 - MISC REVENUE 0.00
======================================================================================================================================================
168,535.43TID 7 - REV 16,553.31 10.46-150,912.74
======================================================================================================================================================
17,622.69
======================================================================================================================================================
17,622.69 168,535.43Total Revenues 16,553.31 10.46-150,912.74
======================================================================================================================================================
Page 54 of 186
Budget Comparison - Detail
TID 7
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:04 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
214,738.60 20,000.00 -194,738.60 1,073.69670-00-56700-000-000 TID #7 - MISC TID EXPENSES 9,375.86
0.00 117,295.14 117,295.14 0.00670-00-56700-460-000 TID #7 - DEVELOPER AGREEMNTS 0.00
0.00 91,200.00 91,200.00 0.00670-00-56700-480-000 TID #7 - LT DEBT PRINCIPAL 0.00
0.00 59,432.00 59,432.00 0.00670-00-56700-490-000 TID #7 - LT DEBT INTEREST 0.00
6,099.25 5,000.00 -1,099.25 121.99670-00-56750-000-000 TID #7 - OAKS OF JACKSON 1,702.00
8,058.75 40,000.00 31,941.25 20.15670-00-56760-000-000 TID #7 - RIDGEWAY COMMERCIAL 10,304.01
0.00 0.00 0.00 0.00670-00-56770-000-000 TID #7 - EAGLE DR ROUNDABOUT 520.50
0.00 0.00 0.00 0.00670-00-58300-000-000 TID #7 - DEBT ISSUANCE EXP 2,568.00
0.00 150,632.00 150,632.00 0.00670-00-59200-000-000 TID #7 - TRANS TO DEBT SERVICE 0.00
======================================================================================================================================================
483,559.14TID 7 - EXP 24,470.37 47.34254,662.54
======================================================================================================================================================
228,896.60
======================================================================================================================================================
228,896.60 483,559.14Total Expenses 24,470.37 47.34254,662.54
======================================================================================================================================================
-103,749.80-315,023.71-7,917.06 67.07-211,273.91Net Totals
Page 55 of 186
Budget Comparison - Detail
DEBT FUND
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:01 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
0.00 1,754,766.00 -1,754,766.00 0.00700-00-41115-000-000 DEBT SRV - TAX LEVY 0.00
0.00 323,610.00 -323,610.00 0.00700-00-49203-000-000 DEBT SRV - TRANSFER FROM TID 6 0.00
0.00 150,632.00 -150,632.00 0.00700-00-49204-000-000 DEBT SRV - TRANSFR FROM TID 7 0.00
71,454.29 71,454.29 0.00 100.00700-00-49205-000-000 DEBT SRV - TRANSFER FROM FIRE 71,454.29
0.00 54,619.00 -54,619.00 0.00700-00-49206-000-000 DEBT SRV - TRANSFER FROM WATER 0.00
0.00 54,619.00 -54,619.00 0.00700-00-49207-000-000 DEBT SRV - TRANSFER FROM SEWER 0.00
======================================================================================================================================================
2,409,700.29DEBT SERVICE - REV 71,454.29 2.97-2,338,246.00
======================================================================================================================================================
71,454.29
======================================================================================================================================================
71,454.29 2,409,700.29Total Revenues 71,454.29 2.97-2,338,246.00
======================================================================================================================================================
Page 56 of 186
Budget Comparison - Detail
DEBT FUND
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:01 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
1,781,179.73 1,511,180.00 -269,999.73 117.87700-00-59100-000-000 DEBT SRV - LT DEBT PRINCIPAL 1,728,693.72
609,662.93 896,820.00 287,157.07 67.98700-00-59200-000-000 DEBT SRV - LT DEBT INTEREST 573,179.66
2,100.00 1,700.00 -400.00 123.53700-00-59450-000-000 DEBT SRV - PAYING AGENT FEE 1,700.00
======================================================================================================================================================
2,409,700.00DEBT SERVICE - EXP 2,303,573.38 99.3016,757.34
======================================================================================================================================================
2,392,942.66
======================================================================================================================================================
2,392,942.66 2,409,700.00Total Expenses 2,303,573.38 99.3016,757.34
======================================================================================================================================================
2,321,488.660.29-2,232,119.09 -2,321,488.37Net Totals
Page 57 of 186
Budget Comparison - Detail
PARKS
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
26,187.00 10,000.00 16,187.00 261.87800-00-45830-000-000 PARK FUND - FEES COLLECTED 66,369.00
4,241.01 1,000.00 3,241.01 424.10800-00-48110-000-000 PARK FUND - INT ON INVESTMENTS 3,490.08
======================================================================================================================================================
11,000.00PARK - REV 69,859.08 276.6219,428.01
======================================================================================================================================================
30,428.01
======================================================================================================================================================
30,428.01 11,000.00Total Revenues 69,859.08 276.6219,428.01
======================================================================================================================================================
Page 58 of 186
Budget Comparison - Detail
PARKS
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
525.00 100,000.00 99,475.00 0.53800-00-55210-420-000 PARK FUND - IMPACT PROJECTS 0.00
======================================================================================================================================================
100,000.00PARK - EXP 0.00 0.5399,475.00
======================================================================================================================================================
525.00
======================================================================================================================================================
525.00 100,000.00Total Expenses 0.00 0.5399,475.00
======================================================================================================================================================
-118,903.01-89,000.0069,859.08 -33.6029,903.01Net Totals
Page 59 of 186
Budget Comparison - Detail
FIRE DEPARTMENT
2026
Actual Budget
Status Budget
% of
06/30/2025
1
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
91,428.52 81,377.17 10,051.35 112.35900-00-42230-000-000 FIRE - STATE 2% DUES 0.00
0.00 60,747.16 -60,747.16 0.00900-00-42240-000-000 FIRE - EMS FAP FUNDS 60,747.16
1,037.84 0.00 1,037.84 0.00900-00-42250-000-000 FIRE - GRANT REVENUE 0.00
0.00 12,000.00 -12,000.00 0.00900-00-42260-000-000 FIRE - OTHER STATE AID 0.00
1,050.00 2,500.00 -1,450.00 42.00900-00-43510-000-000 FIRE - CPR TRAINING 1,990.00
186,572.98 375,000.00 -188,427.02 49.75900-00-43530-000-000 FIRE - EMS BILLING 204,087.99
0.00 500.00 -500.00 0.00900-00-43550-000-000 FIRE - HAZ MAT INCIDENTS 0.00
52.70 50.00 2.70 105.40900-00-43560-000-000 FIRE - INTEREST 72.30
0.00 1,000.00 -1,000.00 0.00900-00-43570-000-000 FIRE - MISCELLANEOUS 661.68
200.00 1,000.00 -800.00 20.00900-00-43580-000-000 FIRE - OCCUPANCY PERMITS 800.00
0.00 0.00 0.00 0.00900-00-43590-000-000 FIRE - OFFICE FEES 10.00
699.00 1,000.00 -301.00 69.90900-00-43600-000-000 FIRE - PERMIT FEES 1,790.00
355,328.64 710,657.22 -355,328.58 50.00900-00-47210-000-000 FIRE - GENERAL FUND TRANSFER 326,670.47
187,381.68 374,763.37 -187,381.69 50.00900-00-47220-000-000 FIRE - TOWN/JACKSON TRANSFER 170,455.02
56,857.26 113,714.51 -56,857.25 50.00900-00-47220-001-000 FIRE - TOWN/POLK TRANSFER 54,479.98
10,550.96 21,101.91 -10,550.95 50.00900-00-47220-002-000 FIRE - TOWN/GERMANTOWN TRANSFR 10,534.06
4,241.06 1,000.00 3,241.06 424.11900-00-48100-000-000 FIRE - DONATIONS 2,677.53
222.68 200.00 22.68 111.34900-00-48110-000-000 FIRE - INTEREST ON INVESTMENTS 305.49
5,550.00 5,000.00 550.00 111.00900-00-48200-000-000 FIRE - FIRE PREVENT DONATIONS 6,500.00
0.00 0.00 0.00 0.00900-00-48610-000-000 FIRE - SALE OF EQUIPMENT 1,707.24
0.00 77,991.22 -77,991.22 0.00900-00-49997-000-000 FIRE - RESERVE FUND BALANCE 0.00
======================================================================================================================================================
1,839,602.56FIRE DEPT - REV 843,488.92 48.99-938,429.24
======================================================================================================================================================
901,173.32
======================================================================================================================================================
901,173.32 1,839,602.56Total Revenues 843,488.92 48.99-938,429.24
======================================================================================================================================================
Page 60 of 186
Budget Comparison - Detail
FIRE DEPARTMENT
2026
Actual Budget
Status Budget
% of
06/30/2025
2
ACCT
4:02 PM7/07/2026
2025
Actual 2026
Account Number 06/30/2026 Budget
Page:
441,923.09 902,946.65 461,023.56 48.94900-00-52210-110-000 FIRE - SALARIES / WAGES 378,562.50
67,447.26 157,294.25 89,846.99 42.88900-00-52210-125-000 FIRE - HEALTH & LIFE INSURANCE 60,355.26
51,039.71 100,402.87 49,363.16 50.83900-00-52210-130-000 FIRE - WRS 44,451.68
26,855.74 55,982.69 29,126.95 47.97900-00-52210-135-000 FIRE - SOCIAL SECURITY 23,061.58
6,280.80 13,092.73 6,811.93 47.97900-00-52210-140-000 FIRE - MEDICARE 5,393.35
1,249.95 3,000.00 1,750.05 41.67900-00-52210-145-000 FIRE - MEDICAL REIMBURSEMENT 999.96
4,257.70 10,404.00 6,146.30 40.92900-00-52210-310-000 FIRE - ELECTRONIC EQUIPMENT 1,405.08
10,125.00 18,532.70 8,407.70 54.63900-00-52210-311-000 FIRE - FUEL / LUBRICANTS 7,878.69
3,530.18 10,609.00 7,078.82 33.28900-00-52210-312-000 FIRE - BLDG & GROUNDS MAINT 5,657.20
15,335.42 21,328.20 5,992.78 71.90900-00-52210-313-000 FIRE - COMPUTER SUPRT/SOFTWARE 12,002.64
6,180.65 14,385.67 8,205.02 42.96900-00-52210-314-000 FIRE - NEW & REPLACEMENT EQUIP 5,843.60
32,360.13 25,111.40 -7,248.73 128.87900-00-52210-315-000 FIRE - TRUCK & EQUIPMENT MAINT 11,198.50
3,370.05 3,876.00 505.95 86.95900-00-52210-317-000 FIRE - OFFICE SUPPLIES/POSTAGE 818.83
2,865.00 4,408.40 1,543.40 64.99900-00-52210-319-000 FIRE - PRE-EMPLOYMENT PHYSICAL 2,173.00
13,657.80 13,657.80 0.00 100.00900-00-52210-320-000 FIRE - LENGTH OF SRVCE PROGRAM 13,390.00
11,014.84 31,827.00 20,812.16 34.61900-00-52210-321-000 FIRE - INTERCPT/HEALTHCR BLNG 8,718.34
2,146.87 7,108.03 4,961.16 30.20900-00-52210-322-000 FIRE - FIRE PREVENTION 2,840.15
0.00 3,600.00 3,600.00 0.00900-00-52210-324-000 FIRE - SCENE ASSISTANCE 0.00
11,736.55 27,030.00 15,293.45 43.42900-00-52210-325-000 FIRE - TURN OUT GEAR/UNIFORMS 11,909.95
1,863.54 3,182.70 1,319.16 58.55900-00-52210-327-000 FIRE - SCBA TESTING / REPAIR 852.00
0.00 2,398.68 2,398.68 0.00900-00-52210-328-000 FIRE - LADDER TESTING 0.00
0.00 1,030.00 1,030.00 0.00900-00-52210-329-000 FIRE - AUDIT / ACCOUNTING 0.00
21,331.86 51,187.68 29,855.82 41.67900-00-52210-330-000 FIRE - UTILITIES 18,705.22
2,496.48 5,800.00 3,303.52 43.04900-00-52210-331-000 FIRE - TELEPHONE 2,311.11
0.00 1,030.00 1,030.00 0.00900-00-52210-332-000 FIRE - ATTORNEY FEES 1,000.00
9,624.62 27,846.00 18,221.38 34.56900-00-52210-333-000 FIRE - MEDICAL SUPPLIES 6,436.23
61,524.08 60,747.16 -776.92 101.28900-00-52210-334-000 FIRE - FAP FUNDING 10,843.18
0.00 1,545.00 1,545.00 0.00900-00-52210-336-000 FIRE - DONATIONS 0.00
470.00 2,060.00 1,590.00 22.82900-00-52210-339-000 FIRE - DUES 460.00
3,827.95 13,390.00 9,562.05 28.59900-00-52210-340-000 FIRE - EDUC / TRAVEL /TRAINING 2,397.49
25,837.08 26,522.50 685.42 97.42900-00-52210-350-000 FIRE - PROP/LIABILTY INSURANCE 22,680.78
0.00 12,000.00 12,000.00 0.00900-00-52210-500-000 FIRE - EQUIP REPLCEMENT FUND 35,711.51
0.00 80,000.00 80,000.00 0.00900-00-52210-510-000 FIRE - TRUCK REPLACEMENT FUND 0.00
55,689.42 54,811.16 -878.26 101.60900-00-52210-540-000 FIRE - EMS EQUIP REPLACEMENT 0.00
71,454.29 71,454.29 0.00 100.00900-00-59200-000-000 FIRE - TRANSFR TO DEBT SRV FND 71,454.29
======================================================================================================================================================
1,839,602.56FIRE DEPT - EXP 769,512.12 52.48874,106.50
======================================================================================================================================================
965,496.06
======================================================================================================================================================
965,496.06 1,839,602.56Total Expenses 769,512.12 52.48874,106.50
======================================================================================================================================================
64,322.740.0073,976.80 -64,322.74Net Totals
Page 61 of 186
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 62 of 186
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 63 of 186
6/2/26
Page 64 of 186
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 65 of 186
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 66 of 186
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 67 of 186
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 68 of 186
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 69 of 186
6/9/26
Page 70 of 186
Page 71 of 186
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 72 of 186
Page 73 of 186
Page 74 of 186
Page 75 of 186
Page 76 of 186
[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 $61,605.51 from
Lowe Underground, Inc. for work completed on the Village’s Cedar Creek Dog Park project. Once approved please
retain a copy of the pay application for your records and return a copy of the signed pay application to MSA.
Summary of Work:
Clearing, Grubbing, and Tree Removal
x Additional clearing and tree removal was performed by the Contractor at the request of the Village.
Trail Installation Progress
x Additional dense graded base 1/14 inch was delivered and installed on all trails at the request of the
Village.
x Fencing has been installed throughout most of the park with some yet to be installed along Hickory
Lane.
Project Schedule
x Substantial completion is May 15, 2026; final completion is June 15, 2026. Both dates have passed and
the Contractor has been notified that they have not met substantial or final completion.
Page 77 of 186
From
1.
2.
3.
4.
5.
a. X
b. X
c.
6.
7.
8.
9.
PAYMENT OF:
Contractor: Lowe Underground, Inc. Contractor's Project No.:
Project: Village of Jackson Cedar Creek Dog Park
Contractor's Application for Payment
Owner: Village of Jackson Owner's Project No.:
Engineer: MSA Professional Services, Inc. Engineer's Project No.: 059000007/-11
Contract:
Application No.: 03 Application Date: 6/30/2026
Original Contract Price 217,614.10$
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 78 of 186
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
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DRAFT 6/12/2026
VI
LLAGE OF JACKSON
_____________________________
INDEPENDENT AUDITORS’ REPORT
AND
FINANCIAL STATEMENTS
_____________________________
YEAR ENDED DECEMBER 31, 2025
Page 113 of 186
DRAFT 6/12/2026
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 114 of 186
DRAFT 6/12/2026
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 115 of 186
DRAFT 6/12/2026
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 116 of 186
DRAFT 6/12/2026
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 117 of 186
DRAFT 6/12/2026
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
June 12, 2026
Page 118 of 186
DRAFT 6/12/2026
Governmental Business-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 depreciation 55,849,013 41,529,919 97,378,932
TOTAL ASSETS 80,195,319 49,630,809 129,826,128
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 RESOURCES 2,251,011 306,955 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 8,228 149,045
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 year 3,423,816 - 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 10,841,239 43,874,940
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 33,911,822 69,040,379
Restricted 4,776,661 4,685,274 9,461,935
Unrestricted 764,847 332,432 1,097,280
TOTAL NET POSITION 40,670,066$ 38,929,528$ 79,599,594$
Primary Government
VILLAGE OF JACKSON
STATEMENT OF NET POSITION
DECEMBER 31, 2025
See accompanying notes to basic financial statements.
- 4 -
Page 119 of 186
DRAFT 6/12/2026
Operating Capital
Charges for Grants and Grants and Governmental Business-type
Functions/Programs Expenses Services Contributions Contributions Activities Activities Totals
PRIMARY GOVERNMENT
GOVERNMENTAL ACTIVITIES
General government 1,062,277$ 92,251$ -$ 5,119$ (964,907)$ -$ (964,907)$
Public safety 4,660,521 870,291 709,219 - (3,081,011) - (3,081,011)
Public works 2,861,819 345,087 366,724 41,531 (2,108,477) - (2,108,477)
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 12,509,093 1,702,164 1,203,417 91,903 (9,511,609) - (9,511,609)
BUSINESS-TYPE ACTIVITIES
Water 1,992,348 1,684,828 - 103,114 - (204,406) (204,406)
Sewer 2,555,262 2,460,107 - 447,381 - 352,226 352,226
TOTAL BUSINESS-TYPE 4,547,610 4,144,935 - 550,495 - 147,820 147,820
TOTAL PRIMARY GOVERNMENT 17,056,703$ 5,847,099$ 1,203,417$ 642,398$ (9,511,609) 147,820 (9,363,789)
GENERAL REVENUES
Property taxes 7,322,599 - 7,322,599
Mobile home fees 121,102 - 121,102
Other taxes 64,920 - 64,920
Payments in lieu of taxes 231,628 - 231,628
State aids - Unrestricted 749,240 - 749,240
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 9,123,341 200,058 9,323,399
CHANGE IN NET POSITION (388,268) 347,878 (40,390)
NET POSITION - BEGINNING OF YEAR 41,058,334 38,581,650 79,639,984
NET POSITION - END OF YEAR 40,670,066$ 38,929,528$ 79,599,594$
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 -
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DRAFT 6/12/2026
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 -
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DRAFT 6/12/2026
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 122 of 186
DRAFT 6/12/2026
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 RESTATED 4,440,117 930,153 976,733 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 123 of 186
DRAFT 6/12/2026
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 124 of 186
DRAFT 6/12/2026
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 22,030,257 41,529,919
Total Non-current Assets 20,995,280 26,727,014 47,722,294
TOTAL ASSETS 21,750,070 28,860,739 50,610,809
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 RESOURCES 127,898 179,057 306,955
LIABILITIES
Current Liabilities:
Accounts payable 46,425$ 302,783$ 349,208$
Accrued salaries and benefits 3,620 4,608 8,228
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 399,978 743,014 1,142,992
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 9,278,068 11,821,239
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 14,934,489 33,911,822
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) 734,727 332,432
TOTAL NET POSITION 19,265,215$ 19,664,313$ 38,929,528$
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 125 of 186
DRAFT 6/12/2026
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 581,771 952,222 1,533,993
TOTAL OPERATING EXPENSES 1,918,163 2,325,185 4,243,348
OPERATING INCOME (LOSS) (233,335) 134,922 (98,413)
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) 70,601 (202,617)
Capital contributions/Impact fees 103,114 447,381 550,495
CHANGE IN NET POSITION (170,104) 517,982 347,878
NET POSITION - BEGINNING OF YEAR 19,435,319 19,146,331 38,581,650
NET POSITION - END OF YEAR 19,265,215$ 19,664,313$ 38,929,528$
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 126 of 186
DRAFT 6/12/2026
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 YEAR 1,297,855 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 127 of 186
DRAFT 6/12/2026
Water Sewer
Utility Utility Totals
RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income (loss) (233,335)$ 134,922$ (98,413)$
Adjustments to reconcile operating income (loss) to net
cash provided (used) by operating activities:
Depreciation 613,157 952,222 1,565,379
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 128 of 186
DRAFT 6/12/2026
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 129 of 186
DRAFT 6/12/2026
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 130 of 186
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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 131 of 186
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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 132 of 186
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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 133 of 186
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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.
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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 135 of 186
DRAFT 6/12/2026
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 136 of 186
DRAFT 6/12/2026
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:
Governmental Proprietary
Funds Funds Total
Impact fees 689,580$ 128,711$ 818,291$
Unspent debt proceeds 2,526,671 834,696 3,361,367
Fire reserves 17,986 - 17,986
Municipal complex 290,751 - 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 Assets 3,524,988$ 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.
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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.
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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.
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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.
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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.
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DRAFT 6/12/2026
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 $1,208,696.
Deficit Fund Balance
At December 31, 2025 the following funds had a deficit fund balance:
Fund Amount
TID #7 412,766$
Negative balances will be cured by future collections of tax increment.
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DRAFT 6/12/2026
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 Total
Custodial 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 investments 21,264,971$ 7,049,112$ 28,314,083$
The Village's cash and investments are reported in the financial statements as follows:
Per Statement of Net Position
Cash and investments 13,634,658$
Restricted cash and investments 8,112,439
Per State of Fiduciary Net Position
Cash and investments 6,566,986
Total cash and investments 28,314,083$
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.
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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 $4,712,438 was uninsured and
uncollateralized.
The Village has policies to minimize custodial risk, which is the risk that in the event of a financial
institution failure, the Village’s deposits may not be returned to it, by:
Maintaining a list of financial institutions, public depositories and broker/dealers authorized
by resolution to provide deposit and investment services.
All financial institutions, public depositories and broker/dealers authorized by resolution to
provide deposit and investment services must supply as appropriate audited financial
statements demonstrating compliance with state and federal capital adequacy guidelines.
Page 144 of 186
DRAFT 6/12/2026
VILLAGE OF JACKSON
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025
(CONTINUED)
- 30 -
Note C - Cash and Investments (continued)
Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value
of an investment. Generally, the longer the maturity of an investment the greater the sensitivity of its
fair value to changes in market interest rates. As a means of limiting its exposure to fair value losses
arising from rising interest rates, the Village’s investment policy limits the maturity of any security in
accordance with state statutes and structuring the investment portfolio so that securities mature to
meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the
open market prior to maturity.
Information regarding the exposure of the Village’s investments to this risk using the segmented time
distribution model is as follows:
Investment Maturities in Years
Type of Investment Fair Value Less than 1 Year 1-5 Years
Pershing-Ehlers Investments
Mutual Funds 267,791$ -$ 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 145 of 186
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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 from
Level 1 Level 2 Level 3 Disclosure Total
LGIP - - - 4,460,321 4,460,321
Mutual Funds 267,791 - - - 267,791
Municipal Bonds 467,904 - - - 467,904
US Government Bonds/Securities 1,622,849 - - - 1,622,849
Certificates of deposit 230,426 - - - 230,426
2,588,970$ -$ -$ 4,460,321$ 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 ($283,229), respectively.
A provision for uncollectable accounts has not been provided in the customer accounts receivable of
the Water and Sewer utilities as the Village has the statutory authority to collect all delinquent utility
bills from the property tax roll.
At the end of the current fiscal year, the various components of deferred inflows of resources reported
in the governmental funds were as follows:
Description
Unearned property taxes 7,517,910$
Deferred special assessments 322,636
Total Deferred / Unearned Revenue for Governmental Funds 7,840,546$
Page 146 of 186
DRAFT 6/12/2026
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 Balance
Governmental 1/1/2025 Additions Transfers PPA Disposals 12/31/2025
Activities:
Capital assets not
being 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 not
being depreciated 6,625,823 1,666,848 (4,338,500) - - 3,954,171
Capital assets
being depreciated:
Building
and improvements 18,200,390 1,792,628 4,281,053 - 65,641 24,208,430
Machinery
and 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 assets
being 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 assets
being depreciated: 50,912,137 877,052$ 4,338,500$ -$ -$ 56,127,689
Net governmental activities
capital assets 57,537,960$ 60,081,860$
Depreciation expense was charged to governmental activities of the Village as follows:
General government 99,420$
Public safety 641,761
Public works (includes depreciation on infrastructure) 1,128,642
Culture and recreation 214,240
Total governmental activities depreciation expense 2,084,063$
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 $518,232. Accordingly,
these assets had no net effect on capital assets, net of accumulated depreciation, net investment in
capital assets, or net position for the fiscal year ended December 31, 2025.
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VILLAGE OF JACKSON
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025
(CONTINUED)
- 33 -
Note E - Capital Assets (continued)
The capital asset activity presented in this note includes the current-year addition of these assets in
accordance with the capital asset disclosure framework in GASB Statement No. 34, paragraphs 116–
117, which requires capital asset disclosures by major class, including beginning and ending balances,
capital acquisitions, dispositions, and current-period depreciation, with accumulated depreciation
presented separately from historical cost. Fully depreciated capital assets remain reported until
disposal; therefore, the historical cost and accumulated depreciation of these assets are included in
the capital asset balances even though the assets have no net book value.
Business-type Activities
Capital asset activity in the business type activities for the year ended December 31, 2025 was as
follows:
Balance Balance
Water Utility 1/1/2025 Additions Transfers Disposals 12/31/2025
Capital assets not being depreciated:
Land 352,219$ -$ -$ -$ 352,219$
Construction in process 19,080 474,902 - - 493,982
Total capital assets
not being depreciated 371,299 474,902 - - 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 depreciated 19,448,520 51,142$ -$ -$ 19,499,662
Net water utility capital assets 19,819,819$ 20,345,863$
Balance Balance
Sewer Utility 1/1/2025 Additions Transfers Disposals 12/31/2025
Capital 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 assets
not being depreciated 2,919,482 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) (952,221) - 52,865 (21,475,951)
Net capital assets being depreciated 17,084,156 (220,104)$ 5,166,205$ -$ 22,030,257
Net sewer utility capital assets 20,003,638$ 22,788,980$
Depreciation expense was charged to business-type activities of the Village as follows:
Water Utility 613,157$
Sewer Utility 952,221
Total business-type activities depreciation expense 1,565,378$
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 148 of 186
DRAFT 6/12/2026
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 Purpose
General capital projects Water utility 470,000$ 2025 bond proceeds
General capital projects Sewer utility 510,000 2025 bond proceeds
General capital projects TID No. 7 300,000 2025 bond proceeds
General fund TID No. 7 572,248 To fund negative balance
1,852,248$
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 Amount
None in cy -$
Interfund transfers consist of the following at December 31, 2025:
Transferred From Transferred To Amount Purpose
Fire and EMS Debt service 71,454$ Debt payments
TID No. 7 Debt service 128,565 Debt payments
TID No. 6 Debt service 309,910 Debt payments
General fund Recreation fund 264,508 Village contribution to recreation
General fund Fire and EMS 653,341 Fund Village portion of Fire & EMS
Capital projects TID No. 4 114,019 Debt payments
TID No. 4 TID No. 7 796,592 Transfer of tax increment
2,338,389$
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 149 of 186
DRAFT 6/12/2026
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 $85,306 for the Morning
Meadows Phase 3 project, and the Maple Fields Phase 1 project. These amounts will be repaid over
various time periods as work on the projects progresses.
Compensated Absences
Estimated payments of compensated absences are not included in the debt service requirement
schedules. The compensated absences liability attributable to governmental activities will be liquidated
primarily by the general fund.
Page 150 of 186
DRAFT 6/12/2026
VILLAGE OF JACKSON
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025
(CONTINUED)
- 36 -
Note G - Long-term Obligations (continued)
Outstanding debt and other long-term obligations were comprised of the following at December 31,
2025:
Amounts
Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Governmental Activities
General obligation debt:
General obligation notes 7,878,734$ 3,815,000$ 427,764$ 11,265,970$ 454,832$
General obligation bonds 15,956,000 - 917,000 15,039,000 939,000
Direct borrowings
State trust fund loans 293,852 - 113,928 179,924 117,348
Capital leases 175,905 49,977 60,865 165,017 47,781
Total general obligation debt 24,304,491 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 liabilities 3,637,755 2,365,189 704,410 5,298,534 770,859
term obligations 27,942,246$ 6,230,166$ 2,223,967$ 31,948,445$ 2,329,820$
Business-type Activities
Other 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 Obligations 35,459,378$ 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 151 of 186
DRAFT 6/12/2026
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 Balance
Governmental Activities Issue Maturity Rates Principal 12/31/2025
G.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 activities 26,484,894$
General obligation debt for business-type activities of the Village currently outstanding is as follows:
Date of Final Interest Original Balance
Business Activities Issue Maturity Rates Principal 12/31/2025
Water 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 activities 9,853,187$
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 Ending
December 31, Principal Interest Principal Interest Principal Interest Principal Interest
2026 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 Totals
Governmental Activities
Page 152 of 186
DRAFT 6/12/2026
VILLAGE OF JACKSON
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025
(CONTINUED)
- 38 -
Note G - Long-term Obligations (continued)
Year Ending Totals
December 31, Principal Interest Principal Interest Principal Interest
2026 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 Activities
Revenue 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 Interest
December 31, Payment Payment
2026 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 Balance
Beginning Additions Amortization Ending
Governmental activities 825,050$ 57,941$ (52,929)$ 830,062$
Balance Balance
Beginning Additions Amortization Ending
Business Activities 216,561$ -$ (12,031)$ 204,530$
Page 153 of 186
DRAFT 6/12/2026
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 - 2025 1,431,604,400$
Debt limit (5% of $1,431,604,400) 71,580,220
Deduct general obligation debt (26,484,894)
Margin of indebtedness 45,095,326$
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 $69,779 for the year ended December 31, 2025.
Future minimum lease payments receivable in conjunction with these leases are as follows:
Year Amount
2026 72,707$
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 receipts 929,790$
Page 154 of 186
DRAFT 6/12/2026
VILLAGE OF JACKSON
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025
(CONTINUED)
- 40 -
Note I - Net Position and Fund Balances
Governmental Activities
Governmental 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
Unrestricted 764,847
Total Governmental Activities Net Position 40,670,066$
Business-type Activities
Net 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
Unrestricted 332,432
Total Business-type Activities Net Position 38,929,528$
Page 155 of 186
DRAFT 6/12/2026
VILLAGE OF JACKSON
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025
(CONTINUED)
- 41 -
Note I - Net Position and Fund Balances (continued)
Governmental Fund Financial Statements
Nonspendable:
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 balance 11,862,912$
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 156 of 186
DRAFT 6/12/2026
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 157 of 186
DRAFT 6/12/2026
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 Employer
General (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 158 of 186
DRAFT 6/12/2026
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 $419,733 reported as deferred outflows related to pension resulting from the Village’s
contributions subsequent to the measurement date will be recognized as a reduction of the net pension
liability (asset) in the year ended December 31, 2025.
Other amounts reported as deferred outflows of resources and deferred inflows of resources related
to pension will be recognized in pension expense as follows:
Year Ended Deferred Outflow Deferred Inflow
December 31, of Resources of Resources
2025 2,144,525$ 1,905,030$
2026 1,749,014 896,482
2027 261,755 476,915
2028 96,097 163,283
Page 159 of 186
DRAFT 6/12/2026
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, 2023
Measurement Date of Net Pension Liability December 31, 2024
Experience Study:
January 1, 2021 - December
31, 2023 Published November
19, 2024
Actuarial Cost Method: Entry Age Normal
Asset Valuation Method: Fair Value
Long-term Expected Rate of Return: 6.80%
Discount Rate: 6.80%
Salary Increases:
Wage Inflation 3.00%
Seniority/Merit 0.1% - 5.6%
Mortality: 2020 WRS Experience Mortality
Table
Post-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 160 of 186
DRAFT 6/12/2026
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 Returns 1
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
Leverage 3 (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 161 of 186
DRAFT 6/12/2026
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 to Current 1% Increase to
Discount Rate Discount Discount 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 162 of 186
DRAFT 6/12/2026
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 $16,341.
Page 163 of 186
DRAFT 6/12/2026
VILLAGE OF JACKSON
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2025
(CONTINUED)
- 49 -
Note L - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) -
(continued)
OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows
of Resources Related to OPEBs (continued)
At December 31, 2025, the Village’s reported deferred outflows of resources and deferred inflows of
resources related to OPEB from the following sources:
Deferred Deferred
Outflows Inflows
of Resources of Resources
Differences between expected and actual experience -$ 22,636$
Net differences between projected and actual
earnings on OPEB plan investments 2,987 -
Changes in assumptions 53,387 122,038
Changes in proportion and differences between employer
contributions and proportionate share of contributions 42,027 17,929
Employer contributions subsequent to measurement date 1,103 -
99,504$ 162,603$
The amount of $1,103 reported as deferred outflows related to OPEB resulting from the Village’s
contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB
liability in the year ended December 31, 2025.
Other amounts reported as deferred outflows of resources and deferred inflows of resources related
to OPEB will be recognized in OPEB expense as follows:
Year Ended Deferred Outflow Deferred Inflow
December 31, of Resources of Resources
2025 36,678$ 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 164 of 186
DRAFT 6/12/2026
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 165 of 186
DRAFT 6/12/2026
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 to
Discount 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 166 of 186
DRAFT 6/12/2026
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 $434,171.
Note O - Litigation and Contingencies
From time to time, the Village is party to various pending claims and legal proceedings. Although the
outcome of such matters cannot be forecasted with certainty, it is the opinion of management and the
Village attorney that the likelihood is remote that any such claims or proceedings will have a material
adverse effect on the Village’s financial position or result of operations.
Note P - Subsequent Events
Management has evaluated the need for disclosure or recording of transactions resulting from
subsequent events through (June 12, 2026) the date the financial statements were available to be
issued.
Subsequent to year-end, the Village issued new debt. See Note G for additional information.
Note Q - Effect of New Accounting Standards on Financial Statements
The Government Accounting Standards Board (GASB) has approved the following:
Statement No. 103, Financial Reporting Model Improvements
Statement No. 104, Disclosures of Certain Capital Items
When they become effective, application of these standards may restate portions of these financial
statements.
Note R – Prior Period Adjustment due to Change Within Financial Reporting Entity
The Village made a change to report activity of the TID #7 fund and the Fire and EMS Fund from
nonmajor funds to a major funds and the TID #4 Fund from a major fund to a nonmajor fund. These
changes represent changes within the reporting entity, affecting the beginning fund balance of the
governmental funds. Changes to beginning fund balance are as follows:
Major to Nonmajor Nonmajor
Nonmajor to Major to Major
Beginning TID #4 TID #7 Fire and Restated
Balance Fund Fund EMS Fund Balance
Major Funds 9,743,945$ (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 167 of 186
DRAFT 6/12/2026
REQUIRED SUPPLEMENTARY INFORMATION
Page 168 of 186
DRAFT 6/12/2026
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 169 of 186
DRAFT 6/12/2026
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 170 of 186
DRAFT 6/12/2026
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 171 of 186
DRAFT 6/12/2026
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 172 of 186
DRAFT 6/12/2026
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 173 of 186
DRAFT 6/12/2026
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.
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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$
VILLAGE OF JACKSON
BUDGETARY COMPARISON SCHEDULE
FIRE AND EMS FUND EXPENDITURES
YEAR ENDED DECEMBER 31, 2025
See accompanying notes to required supplementary information.
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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.
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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$ 0.0
Text truncated. Open the original for the full document.
Source: Village of Jackson website. First collected Oct 7, 2026.