Joint Budget Workshop Agenda & Packet

VILLAGE OF WESTON, MARATHON COUNTY, WISCONSIN JOINT BUDGET WORKSHOP MEETING Weston Municipal Center Board Room 4747 Camp Phillips Road, Weston, WI 54476 BOARD OF TRUSTEES MEETING AGENDA Prepared by: Village Staff Monday, October 5, 2026, at 5:00 p.m. A quorum of members from other Village governmental bodies (boards, commissions, and committees) may attend the above-noticed meeting to gather information. If a quorum of other government bodies are present this would constitute a meeting pursuant to “State of Wisconsin ex rel. Badke v. Greendale Village Bd., 173 Wis.2d 553,494 N.W.2d 408 (1993)”. Therefore, no official actions other than those of the BOARD OF TRUSTEES shall take place. Any interested persons may attend the meeting via the Zoom link listed below. Join Zoom Meeting: Join Zoom Meeting by Phone: https://zoom.us/j/5445915099 +1 312 626 6799 US (Chicago) Meeting ID: 544 591 5099 AGENDA ITEMS 1. Joint Budget Workshop Meeting Called to Order and Welcome. 2. Pledge Allegiance to the Flag 3. Roll Call by secretary – Board of Trustees: Maloney{P}, Lopes-Serrao{VP}, Beck, Clark, Ermeling, Olson, and Zeyghami – Finance & Human Resources: Olson {C}, Ermeling {VC}, Daniels, Meinel, Pavelko, Rickert & Vacant PUBLIC COMMENTS – any person who wishes to address the Board for up to three (3) minutes regarding a non-agenda item, time extension permitted per the Chief Presiding Officer’s discretion MINUTES FROM PREVIOUS MEETINGS. 4. Approval of September 21, 2026, Joint Budget Workshop Meeting RESOLUTIONS 5. Resolution 2026-026: A Resolution Authorizing the Issuance and Establishing Parameters for the Sale of Not to Exceed $13,110,000 General Obligation Promissory Notes, Series 2026A UNFINISHED BUSINESS 6. Review and discussion of 2027 budget – Debt Service Fund – Capital Fund – Audited Fund Balance Amounts – General Fund – Benefits Renewal Update, if applicable – Refuse/Recycling Fund and potential increase in garbage fee 7. Discussion and/or action on update to the 2027 Village Pay Grid/Pay Plan 8. Discussion and/or action on 2027 Staff Compensation Increases VILLAGE OF WESTON, WISCONSIN OFFICIAL MEETING AGENDA OF THE BOARD OF TRUSTEES BOARD OF TRUSTEES MEETING AGENDA Prepared by: Village Staff 9. Discussion and/or action on 2027 Merit/Market Reserve NEW BUSINESS. 10. Discussion and/or action on President’s Appointments to Committees and/or Commissions IF NECESSARY, MOTION TO MOVE TO CLOSED SESSION Pursuant to Wis. Stat. § 19.85(1)(c) to consider employment, promotion, compensation, or performance evaluation data of any public employee over which the governmental body has jurisdiction or exercises responsibility to wit:  2027 Staff Compensation Changes RECONVENE TO OPEN SESSION POSSIBLE ACTION ON CLOSED SESSION ITEMS  2027 Staff Compensation Changes REMARKS FROM FINANCE AND HUMAN RESOURCES COMMITTEE. FINANCE AND HUMAN RESOURCES COMMITTEE ADJOURNMENT BOARD OF TRUSTEES CONTINUE FOR MOTION TO MOVE TO CLOSED SESSION Pursuant to Wis. Stat. § 19.85(1)(e), Deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session to wit: Appraisals and Right-of-Way Purchases for the Ross Ave (Metro to Alderson) Project RECONVENE TO OPEN SESSION POSSIBLE ACTION ON CLOSED SESSION ITEMS  Appraisals and Right-of-Way Purchases for the Ross Ave (Metro to Alderson) Project REMARKS FROM STAFF REMARKS FROM TRUSTEES REMARKS FROM THE PRESIDENT FUTURE ITEMS. Next meeting date(s): - Joint Budget Workshop - Monday, October 19, 2026, at 5:30 p.m. Topic: General Fund and circle back to complete any previous items ADJOURNMENT. VILLAGE OF WESTON, WISCONSIN OFFICIAL MEETING AGENDA OF THE BOARD OF TRUSTEES BOARD OF TRUSTEES MEETING AGENDA Prepared by: Village Staff Wisconsin State Statutes require all agendas for Committee, Commission, or Board meetings be posted in final form, 24 hours prior to the meeting. Any posted agenda is subject to change up until 24 hours prior to the date and time of the meeting. All items listed on this agenda may be acted upon by this commission. This Notice was posted at the Village Municipal Center, on www.westonwi.gov and transmitted to media partners on October 1, 2026. JOINT BUDGET WORKSHOP_ MMINUTES_260921 pg. 1 Song Lao, Recording Secretary VI LLAGE OF WESTON, WISCONSIN JOINT BUDGET WORKSHOP MEETING MINUTES September 21, 2026, at 5:00 p.m. AGENDA ITEMS. 1. Joint Budget Workshop Meeting Call to Order & Welcome. Meeting called to order at 5:00 p.m. by President Maloney. 2. Pledge of Allegiance to the Flag. 3. Roll Call by Recording Secretary. -Board of Trustees - Roll call indicated 7 members present and 0 member absent/excused. Member Present Beck, Lisa Y ES Clark, Katrina YES Ermeling, Barbara YES Lopes-Serrao, Luis YES Maloney, Mark YES Olson, Brent YES Zeyghami, Hooshang YES -Finance & HR Committee - Roll call indicated 6 members present and 0 member absent/excused. Member Present Daniels, Stephanie Y ES Ermeling, Barbara YES Meinel, Steve YES Olson, Brent YES Pavelko, Daniel YES Rickert, Christina YES Vacant Position --- PUBLIC COMMENTS. Grace Klopotek, 6003 Jessica Street, recommends the Board think outside the box when discussing wage increases. It was suggested, instead of the standard number of percentages across the board, to consider a one-time bonus or to catch up the staƯ who are at the lower end of the matrix by raising the percentage received and lower the percentage received for staƯ who are on the higher end of the matrix. DRAFT JOINT BUDGET WORKSHOP_ MMINUTES_260921 pg. 2 Song Lao, Recording Secretary Jim Pinsonneault, 5002 Arrow Street, brought up a few points within the packet that he would like the staƯ to discuss and provide clarification on. He stated that department heads ought to budget their own department under the guidance on the Board’s mission and expectations. MINUTES FROM PREVIOUS MEETING. 4. Approval of August 17, 2026, Finance & Human Resources Committee F&HR: Motion by Ermeling, second by Meinel, to approve previous minutes. Motion carried 6-0. Approval of September 8, 2026, Joint Budget Workshop Meeting F&HR: Motion by Daniels, second by Rickert, to approve previous minutes. Motion carried 6-0. BOT: Motion by Ermeling, second by Olson, to approve previous minutes. Motion carried 7-0. ACKNOWLEDGE WORK PRODUCT TRANSMITTALS. 5. August Budget Status Report Finance Director Trautman informed the attendees that an increase in refuse and recycling is beneficial for the ongoing fuel surcharge. F&HR: Motion by Ermeling, second by Pavelko, to acknowledge the August 2026 financial report for all funds. Motion carried 6-0. BOT: Motion by Zeyghami, second by Lopes-Serrao, to acknowledge the August 2026 financial report for all funds. Motion carried 7-0. 6. TIF 1 and TIF 2 Detail Reports for August F&HR: Motion by Meinel, second by Rickert, to acknowledge the August TIF 1 & TIF 2 detail reports. Motion carried 6-0. 7. Legal Details for August F&HR: Motion by Pavelko, second by Daniels, to acknowledge the legal details for August. Motion carried 6-0. UNFINISHED BUSINESS. 8. Review and discussion of 2027 budget -Utilities Funds -General Fund StaƯ shared a PowerPoint presentation to include Utilities Fund and General Funds. Discussion included diƯerent options available for market/merit increases and preliminary adjustments in certain expenditure budget line items. Also discussed was an eƯort to reduce confusion, staƯ are directed to change the police capital amount from $100k to 65% of the $60K budgeted for squad purchases, the remaining expenditure amount will come from the General Fund instead of borrowing for capital, and switch to more borrowing for street projects. DRAFT JOINT BUDGET WORKSHOP_ MMINUTES_260921 pg. 3 Song Lao, Recording Secretary 9. Discussion and/or action on Employee Recognition and Appreciation survey results, including prioritization of potential benefits (summer hours, pay increases, additional holidays, dedicated work time, health insurance, etc.) as requested by the Board Discussion included optional summer hours for the Parks and Utility department as an alternative to oƯice staƯ. It was also discussed that the Board now understands that the financial aspect is preferred and will refer this agenda topic to be revisited by the Finance and Human Resource Committee. NEW BUSINESS. None. REMARKS FROM STAFF. None. REMARKS FROM COMMITTEE MEMBERS. Member Meinel commented about the limited microphone device and/or sound system available. REMARKS FROM TRUSTEES. Trustee Beck commented that staƯ do a good job and that the Board is trying to work as a team to plan for the upcoming year, and questions are a good place to start but feels reprimanded for doing so. REMARKS FROM PRESIDENT President Maloney welcome Trustee Clark back. He second Trustee Beck’s remark, but also mentioned that those feelings, being minimized or ashamed for asking questions, staƯ feels the same way. FUTURE ITEMS. Next meeting date(s): - Joint Budget Workshop - Monday, October 5, 2026, at 5:00 p.m. - Joint Budget Workshop - Monday, October 19, 2026, at 5:30 p.m. ADJOURNMENT. F&HR: Motion by Pavelko, second by Ermeling, to adjourn. Motion carried 6-0. BOT: Motion by Beck, second by Clark, to adjourn. Motion carried 7-0. President Maloney adjourned the Joint Budget Workshop meeting at 6:38 p.m. Song Lao, Recording Secretary. DRAFT October 5, 2026 PRE-SALE REPORT FOR Village of Weston, Wisconsin $13,110,000 General Obligation Promissory Notes, Series 2026A Prepared by: Ehlers N19W24400 Riverwood Drive, Suite 100 Waukesha, WI 53188 Advisors: Greg Johnson, Senior Municipal Advisor Harry Allen, Senior Municipal Advisor BUILDING COMMUNITIES. IT’S WHAT WE DO. Presale Report Village of Weston, Wisconsin October 5, 2026 Page 1 Proposed Issue: $13,110,000 General Obligation Promissory Notes, Series 2026A Purposes: The proposed issue includes financing for 2026 and 2027 Village, water, sewer, and storm water projects. Debt service for Village CIP projects will be repaid by the levy for debt service and revenues from each utility will pay its respective share of debt service for the Notes. Authority: The Notes are being issued pursuant to Wisconsin Statute(s): • 67.12(12) The Notes will be general obligations of the Village for which its full faith, credit and taxing powers are pledged. The Notes count against the Village’s General Obligation Debt Capacity Limit of 5% of total Village Equalized Valuation. Following issuance of the Notes, the Village’s total General Obligation debt principal outstanding will be approximately $49.4 million, which is 47% of its limit. Remaining General Obligation Borrowing Capacity will be approximately $55.2 million. Term/Call Feature: The Notes are being issued for a term of 20 years. Principal on the Notes will be due on April 1 in the years 2027 through 2046. Interest will be due every six months beginning April 1, 2027. The Notes will be subject to prepayment at the discretion of the Village on April 1, 2035 or any date thereafter. Bank Qualification: Because the Village is issuing nmore than $10,000,000 in tax-exempt obligations during the calendar year, the Village will be not able to designate the Notes as “bank qualified” obligations. Rating: The Village’s most recent bond issues were rated by Moody’s Investors Service. The current rating on those bonds is “Aa3”. The Village will request a new rating for the Notes. EXECUTIVE SUMMARY OF PROPOSED DEBT Presale Report Village of Weston, Wisconsin October 5, 2026 Page 2 Basis for Recommendation: Based on your objectives, financial situation and need, risk tolerance, liquidity needs, experience with the issuance of Notes and long-term financial capacity, as well as the tax status considerations related to the Notes and the structure, timing and other similar matters related to the Notes, we are recommending the issuance of Notes as a suitable option. Method of Sale/Placement: We are recommending the Notes be issued as municipal securities and offered through a competitive underwriting process. You will solicit competitive bids, which we will compile on your behalf, for the purchase of the Notes from underwriters and banks. An allowance for discount bidding will be incorporated in the terms of the issue. The discount is treated as an interest item and provides the underwriter with all or a portion of their compensation in the transaction. If the Notes are purchased at a price greater than the minimum bid amount (maximum discount), the unused allowance may be used to reduce your borrowing amount. Premium Pricing: In some cases, investors in municipal bonds prefer “premium” pricing structures. A premium is achieved when the coupon for any maturity (the interest rate paid by the issuer) exceeds the yield to the investor, resulting in a price paid that is greater than the face value of the bonds. The sum of the amounts paid in excess of face value is considered “reoffering premium.” For this issue of Notes, any premium amount received that is in excess of the underwriting discount and any capitalized interest amounts must be placed in the debt service fund and used to pay a portion of the interest payments due on the Notes. The amount of premium allowed can be restricted in the bid specifications. Restrictions on premium may result in fewer bids, but may also eliminate large adjustments on the day of sale and unintended results with respect to debt service payment impacts. Ehlers will identify appropriate premium restrictions for the Notes intended to achieve the Village’s objectives for this financing. Parameters: The Village Board will consider adoption of a Parameters Resolution on October 5, 2026, which delegates authority to the Finance Director or Village Administrator to accept and approve a bid for the Notes so long as the bid meets certain parameters. These parameters are: * Issue size not to exceed $13,110,000 * Minimum Bid of 98.75% * Maximum Bid of 110% * Maximum True Interest Cost (TIC) of 5.01% * Maturity Schedule Adjustments: an increase of up to $560,000 per maturity or a decrease of not more than $460,000 per maturity Presale Report Village of Weston, Wisconsin October 5, 2026 Page 3 Other Considerations: The Notes will be offered with the option of the successful bidder utilizing a term bond structure. By offering underwriters the option to “term up” some of the maturities at the time of the sale, it gives them more flexibility in finding a market for your Notes . This makes your issue more marketable, which can result in lower borrowing costs. In the event that the successful bidder utilizes a term bond structure, we recommend the Village retain a paying agent to handle responsibility for processing mandatory red emption/call notices associated with term bonds. Review of Existing Debt: We have reviewed all outstanding indebtedness for the Village and find that there are no refunding opportunities at this time. We will continue to monitor the market and the call dates for the Village’s outstanding debt and will alert you to any future refunding opportunities. Continuing Disclosure: Because the Village has more than $10,000,000 in outstanding debt subject to a continuing disclosure undertaking (including this issue) and this issue does not meet an available exemption from continuing disclosure, the Village will be agreeing to provide certain updated Annual Financial Information and its Audited Financial Statement annually, as well as providing notices of the occurrence of certain reportable events to the Municipal Securities Rulemaking Board (the “MSRB”), as required by rules of the Securitie s and Exchange Commission (SEC). The Village is already obligated to provide such reports for its existing bonds, and has contracted with Ehlers to prepare and file the reports. Arbitrage Monitoring: The Village must ensure compliance with certain sections of the Internal Revenue Code and Treasury Regulations (“Arbitrage Rules”) throughout the life of the issue to maintain the tax- exempt status of the Notes. These Arbitrage Rules apply to amounts held in construction, escrow, reserve, debt service account(s), etc., along with related investment income on each fund/account. IRS audits will verify compliance with rebate, yield restriction and records retention requirements within the Arbitrage Rules. The Village’s specific arbitrage responsibilities will be detailed in the Tax Exemption Certificate (the “Tax Compliance Documen t”) prepared by your Bond Attorney and provided at closing. The Notes may qualify for one or more exception(s) to the Arbitrage Rules by meeting 1) small issuer exception, 2) spend down requirements, 3) bona fide debt service fund limits, 4) reasonable reserve requirements, 5) expenditure within an available period limitations, 6) investments yield restrictions, 7) de minimis rules, or; 8) borrower limited requirements. An Ehlers arbitrage expert will contact the Village within 30 days after the sale date to review the Village’s specific responsibilities for the Notes. The Village is currently receiving arbitrage services from Ehlers in relation to the Notes. Presale Report Village of Weston, Wisconsin October 5, 2026 Page 4 Investment of Note Proceeds: Ehlers can assist the Village in developing a strategy to invest your Note proceeds until the funds are needed to pay project costs. Risk Factors: G.O. with Planned Abatement: The issuer is abating a portion of G.O. debt service payments for the issue with water utility revenues, sewer utility revenues, and storm water utility revenues. In the event these revenues are not available, the Village is obligated to levy property taxes in an amount sufficient to make all debt payments. Other Service Providers: This debt issuance will require the engagement of other public finance service providers. This section identifies those other service providers, so Ehlers can coordinate their engagement on your behalf. Where you have previously used a particular firm to provide a service, we have assumed that you will continue that relationship. For services you have not previously required, we have identified a service provider. Fees charged by these service providers will be paid from proceeds of the obligation, unless you notify us that you wish to pay them from other sources. Our pre-sale bond sizing includes a good faith estimate of these fees, but the final fees may vary. If you have any questions pertaining to the identified service providers or their role, or if you would like to use a different service provider for any of the listed services please contact us. Bond Counsel and Disclosure Counsel: Quarles & Brady LLP Paying Agent: Issuer. Rating Agency: Moody's Ratings Parameter Resolution Consideration by Village Board: October 5, 2026 Conference with Rating Agency: Week of October 12, 2026 Distribute Official Statement: October 20, 2026 Designated Officials Award Sale of the Notes: October 27, 2026 Estimated Closing Date: November 19, 2026 PROPOSED DEBT ISSUANCE SCHEDULE Presale Report Village of Weston, Wisconsin October 5, 2026 Page 5 Attachments • Table 1: Existing Debt Service Fund Summary • Table 2: Village CIP • Table 3: Water CIP • Table 4: Sewer CIP • Table 5: Storm Water CIP • Table 6: Sources and Uses • Table 7: Estimated Debt Service Schedule • Table 8: Tax Impact Analysis • Table 9: G.O. Debt Capacity projection • Table 10: Water Debt Coverage • Table 11: Sewer Debt Coverage • Table 12: Water Debt Coverage Greg Johnson, Senior Municipal Advisor (262) 796-6168 Harry Allen, Senior Municipal Advisor (262) 796-6182 Sue Porter, Lead Public Finance Analyst (262) 796-6167 Beth Mueller, Senior Financial Analyst (651) 697-8553 EHLERS’ CONTACTS Table 1 Existing Debt: Debt Service Fund (includes estimated bank note for police station) Village of Weston, WI Annual Taxes Year New Debt Less: Less: Less: Less: Tax Rate $300,000 Year Ending Contingency TID #1 Special Assessment Fund Balance Investment income Per $1,000 of Value Ending 2026 4,237,426 232,175 (1,551,180) (7,000) (147,606) (750) 2,763,065 1,645,513,200 $1.68 $504 2026 2027 2,863,078 2,863,078 2,070,232,900 $1.38 $415 2027 2028 2,850,718 2,850,718 2,152,083,365 $1.32 $397 2028 2029 2,836,041 2,836,041 2,237,169,938 $1.27 $380 2029 2030 2,757,441 2,757,441 2,325,620,566 $1.19 $356 2030 2031 2,740,175 2,740,175 2,417,568,252 $1.13 $340 2031 2032 2,726,775 2,726,775 2,513,151,259 $1.09 $326 2032 2033 2,706,243 2,706,243 2,612,513,315 $1.04 $311 2033 2034 2,698,211 2,698,211 2,715,803,834 $0.99 $298 2034 2035 2,539,031 2,539,031 2,823,178,133 $0.90 $270 2035 2036 2,357,757 2,357,757 2,934,797,672 $0.80 $241 2036 2037 2,007,923 2,007,923 3,050,830,295 $0.66 $197 2037 2038 1,991,854 1,991,854 3,171,450,481 $0.63 $188 2038 2039 1,978,838 1,978,838 3,296,839,608 $0.60 $180 2039 2040 1,963,673 1,963,673 3,427,186,225 $0.57 $172 2040 2041 1,655,768 1,655,768 3,562,686,335 $0.46 $139 2041 2042 900,459 900,459 3,703,543,691 $0.24 $73 2042 2043 296,800 296,800 3,849,970,101 $0.08 $23 2043 2044 285,600 285,600 4,002,185,749 $0.07 $21 2044 2045 0 0 4,160,419,523 $0.00 $0 2045 Total 42,393,809 232,175 (1,551,180) (7,000) (147,606) (750) 40,919,448 Total Notes: Legend: Represents +/- 25% Change over previous year Principal and Interest Net Tax Levy Equalized Value (TID OUT) Existing Debt Table 2 Village CIP Projects Plan Issue 2026 2027 2028 2029 2030 Totals Bloedel Ave 2026 G.O. Notes, 20 Years, Levy 470,000 470,000 Concord Ave and Bayberry St 2026 G.O. Notes, 20 Years, Levy 935,000 935,000 Jelinek and Alderson Intersection 2026 G.O. Notes, 20 Years, Levy 450,000 450,000 Aquatic Center Repairs 2026 G.O. Notes, 20 Years, Levy 118,000 118,000 Pedestrian Bridge Lighting Replacement 2026 G.O. Notes, 20 Years, Levy 100,000 100,000 Safety Building Updates - HVAC 2026 G.O. Notes, 20 Years, Levy 75,000 75,000 Safety Building Updates - Interior 2026 G.O. Notes, 20 Years, Levy 10,000 10,000 Park Upgrades 2026 G.O. Notes, 20 Years, Levy 100,000 100,000 Public Works Equipment 2026 G.O. Notes, 5 Years, Levy 400,000 400,000 Parks Equipment 2026 G.O. Notes, 5 Years, Levy 75,000 75,000 Fire/EMS and Police Equipment 2026 G.O. Notes, 20 Years, Levy 100,000 100,000 Ross Ave (Metro to Alderson) 2026 G.O. Notes, 20 Years, Levy 408,497 408,497 Post Ave and Ferge St 2026 G.O. Notes, 20 Years, Levy 575,000 575,000 Howland Ave 2026 G.O. Notes, 20 Years, Levy 1,035,000 1,035,000 Street Repaving and Overlays 2026 G.O. Notes, 20 Years, Levy 200,000 200,000 Public Works Equipment - 2027 2026 G.O. Notes, 5 Years, Levy 400,000 400,000 Parks Equipment - 2027 2026 G.O. Notes, 5 Years, Levy 75,000 75,000 Plow Truck Replacement 2026 G.O. Notes, 5 Years, Levy 350,000 350,000 Fire/EMS and Police Equipment - 2027 2026 G.O. Notes, 5 Years, Levy 400,000 400,000 Ross Ave and CR-X Intersection 2028 G.O. Notes, 20 Years, Levy 400,000 400,000 Ross Ave (River Bend Rd to Pauls Ave) 2028 G.O. Notes, 20 Years, Levy 575,000 575,000 Everest Ave 2028 G.O. Notes, 20 Years, Levy 520,000 520,000 Street Repaving and Overlays 2028 G.O. Notes, 20 Years, Levy 300,000 300,000 Sternberg and CR-X Ped Crossing 2028 G.O. Notes, 20 Years, Levy 80,000 80,000 Municipal Street Connection (Stella to Connie) 2028 G.O. Notes, 20 Years, Levy 150,000 150,000 Park Upgrades 2028 G.O. Notes, 20 Years, Levy 300,000 300,000 Public Works Equipment - 2028 2028 G.O. Notes, 5 Years, Levy 400,000 400,000 Parks Equipment - 2028 2028 G.O. Notes, 5 Years, Levy 75,000 75,000 Fire/EMS and Police Equipment - 2028 2028 G.O. Notes, 5 Years, Levy 300,000 300,000 Pine Park St (Schofield Ave to Jelinek) 2028 G.O. Notes, 20 Years, Levy 650,000 650,000 Radtke St (W of Alderson) 2028 G.O. Notes, 20 Years, Levy 142,000 142,000 Birch St (Schofield to Community Center) 2028 G.O. Notes, 20 Years, Levy 1,428,160 1,428,160 Willow and Cherry St 2028 G.O. Notes, 20 Years, Levy 360,000 360,000 Street Repaving and Overlays 2028 G.O. Notes, 20 Years, Levy 300,000 300,000 Public Works Equipment - 2029 2028 G.O. Notes, 5 Years, Levy 400,000 400,000 Parks Equipment - 2029 2028 G.O. Notes, 5 Years, Levy 75,000 75,000 Fire/EMS and Police Equipment - 2029 2028 G.O. Notes, 5 Years, Levy 200,000 200,000 Schofield Ave (Birch to CR-X) 2030 G.O Notes, 20 years, Levy 1,500,000 1,500,000 Heuss Ave 2030 G.O Notes, 20 years, Levy 600,000 600,000 Street Repaving and Overlays 2030 G.O Notes, 20 years, Levy 300,000 300,000 Public Works Equipment - 2030 2030 G.O Notes, 5 years, Levy 400,000 400,000 Parks Equipment - 2030 2030 G.O Notes, 5 years, Levy 75,000 75,000 Fire/EMS and Police Equipment - 2030 2030 G.O Notes, 5 years, Levy 200,000 200,000 Actual CIP Costs 2,833,000 3,443,497 3,100,000 3,555,160 3,075,000 16,006,657 Notes: Table 3 Water CIP Village of Weston, WI Projects Plan Issue 2026 2027 2028 2029 2030 Totals Bloedel Ave 2026 G.O. Notes 10 year, Water 750,000 750,000 Concord Ave and Bayberry St 2026 G.O. Notes 10 year, Water 100,000 100,000 Jelinek and Alderson Intersection 2026 G.O. Notes 10 year, Water 110,000 110,000 Well 3 PFAS/Fe/Mn Removal and Treatment Plant 2026 SDWFL 20 year, Water 1,291,283 1,291,283 Bellewood Ave Watermain Replacement 2026 G.O. Notes 10 year, Water 400,000 400,000 Utility Van Replacement 2026 G.O. Notes 10 year, Water 61,303 61,303 Military Rd Watermain Relay 2026 G.O. Notes 10 year, Water 110,000 110,000 Shorey Ave Sanitary Sewer Extension 2026 G.O. Notes 10 year, Water 5,000 5,000 Ross Ave (Metro to Alderson) 2026 G.O. Notes 10 year, Water 100,000 100,000 Post Ave and Ferge St 2026 G.O. Notes 10 year, Water 422,000 422,000 Howland Ave 2026 G.O. Notes 10 year, Water 100,000 100,000 Ross Ave and CR-X Intersection 2028 Revenue Bonds, 20 year, Water 100,000 100,000 Ross Ave (River Bend Rd to Pauls Ave) 2028 Revenue Bonds, 20 year, Water 1,100,000 1,100,000 Everest Ave 2028 Revenue Bonds, 20 year, Water 486,000 486,000 Municipal Street Connection (Stella to Connie) 2028 Revenue Bonds, 20 year, Water 15,000 15,000 Pine Park St (Schofield Ave to Jelinek) 2028 Revenue Bonds, 20 year, Water 450,000 450,000 Radtke St (W of Alderson) 2028 Revenue Bonds, 20 year, Water 133,000 133,000 Birch St (Schofield to Community Center) 2028 Revenue Bonds, 20 year, Water 50,000 50,000 Willow and Cherry St 2028 Revenue Bonds, 20 year, Water 336,000 336,000 Well 1 and 5 PFAS/Fe/Mn Removal 2028 Revenue Bonds, 20 year, Water 5,000,000 5,000,000 BUS 51 Utility Replacements 2028 Revenue Bonds, 20 year, Water 717,000 717,000 Schofield Ave (Birch to CR-X) 2030 G.O. Notes, 10 year, Water 100,000 100,000 Heuss Ave 2030 G.O. Notes, 10 year, Water 500,000 500,000 Actual CIP Costs 2,827,586 622,000 1,701,000 6,686,000 600,000 12,436,586 Notes: Table 4 Sewer CIP List Village of Weston, WI Projects Plan Issue 2026 2027 2028 2029 2030 Totals Bloedel Ave 2026 G.O. Notes 20 year, sewer 235,000 235,000 Concord Ave and Bayberry St 2026 G.O. Notes 20 year, sewer 100,000 100,000 Jelinek and Alderson Intersection 2026 G.O. Notes 20 year, sewer 150,000 150,000 Utility Van Replacement 2026 G.O. Notes 5 year, sewer 31,303 31,303 Military Rd Watermain Relay 2026 G.O. Notes 20 year, sewer 10,000 10,000 Shorey Ave Sanitary Sewer Extension 2026 G.O. Notes 20 year, sewer 75,000 75,000 Ross Ave (Metro to Alderson) 2026 G.O. Notes 20 year, sewer 156,000 156,000 Post Ave and Ferge St 2026 G.O. Notes 20 year, sewer 646,000 646,000 Howland Ave 2026 G.O. Notes 20 year, sewer 150,000 150,000 Kathleen LS Upgrade 2026 G.O. Notes 20 year, sewer 75,000 75,000 MH and Sewer Lining 2026 G.O. Notes 20 year, sewer 250,000 250,000 Ross Ave and CR-X Intersection 2028 G.O. Notes, 20 year, sewer 50,000 50,000 Ross Ave (River Bend Rd to Pauls Ave) 2028 G.O. Notes, 20 year, sewer 1,000,000 1,000,000 Everest Ave 2028 G.O. Notes, 20 year, sewer 429,000 429,000 Municipal Street Connection (Stella to Connie) 2028 G.O. Notes, 20 year, sewer 10,000 10,000 MH and Sewer Lining 2028 G.O. Notes, 20 year, sewer 250,000 250,000 Fox St LS Upgrade 2028 G.O. Notes, 20 year, sewer 750,000 750,000 Pine Park St (Schofield Ave to Jelinek) 2028 G.O. Notes, 20 year, sewer 550,000 550,000 Radtke St (W of Alderson) 2028 G.O. Notes, 20 year, sewer 117,000 117,000 Birch St (Schofield to Community Center) 2028 G.O. Notes, 20 year, sewer 25,000 25,000 Willow and Cherry St 2028 G.O. Notes, 20 year, sewer 296,000 296,000 BUS 51 Utility Replacements 2028 G.O. Notes, 20 year, sewer 753,000 753,000 MH and Sewer Lining 2028 G.O. Notes, 20 year, sewer 250,000 250,000 Schofield Ave (Birch to CR-X) 2030 G.O. Notes, 10 year, sewer 100,000 100,000 Heuss Ave 2030 G.O. Notes, 10 year, sewer 500,000 500,000 Actual CIP Costs 601,303 1,277,000 2,489,000 1,991,000 600,000 6,958,303 Table 5 Storm Water CIP Village of Weston, WI Projects Plan Issue 2026 2027 2028 2029 2030 Totals Bloedel Ave 2026 G.O. Notes, 20 year, Storm Water 290,000 290,000 Concord Ave and Bayberry St 2026 G.O. Notes, 20 year, Storm Water 566,000 566,000 Jelinek and Alderson Intersection 2026 G.O. Notes, 20 year, Storm Water 215,000 215,000 Ross Ave (Metro to Alderson) 2026 G.O. Notes, 20 year, Storm Water 363,000 363,000 Post Ave and Ferge St 2026 G.O. Notes, 20 year, Storm Water 457,000 457,000 Howland Ave 2026 G.O. Notes, 20 year, Storm Water 874,000 874,000 BUS 51 Storm Pond 2027 CWFL 2,089,905 2,089,905 Ross Ave and CR-X Intersection 2028 G.O. Notes, 20 year, Storm Water 50,000 50,000 Ross Ave (River Bend Rd to Pauls Ave) 2028 G.O. Notes, 20 year, Storm Water 100,000 100,000 Everest Ave 2028 G.O. Notes, 20 year, Storm Water 440,000 440,000 Municipal Street Connection (Stella to Connie) 2028 G.O. Notes, 20 year, Storm Water 20,000 20,000 Pine Park St (Schofield Ave to Jelinek) 2028 G.O. Notes, 20 year, Storm Water 400,000 400,000 Radtke St (W of Alderson) 2028 G.O. Notes, 20 year, Storm Water 120,000 120,000 Birch St (Schofield to Community Center) 2028 G.O. Notes, 20 year, Storm Water 176,000 176,000 Willow and Cherry St 2028 G.O. Notes, 20 year, Storm Water 304,000 304,000 Schofield Ave (Birch to CR-X) 2030 G.O. Notes, 10 year, Storm Water 50,000 50,000 Heuss Ave 2030 G.O. Notes, 10 year, Storm Water 600,000 600,000 Actual CIP Costs 1,071,000 3,783,905 610,000 1,000,000 650,000 7,114,905 Table 6 Sources and Uses Village of Weston, WI 2026 G.O. Notes Water 20 year Portion Sewer 20 Year Portion Sewer 5 Year Portion Storm Water 20 Year Portion Levy 20 year Portion Levy 5 Year Portion CIP Projects Project Costs 13,078,103 2,158,303 1,847,000 31,303 2,765,000 4,576,497 1,700,000 Subtotal Project Costs 13,078,103 2,158,303 1,847,000 31,303 2,765,000 4,576,497 1,700,000 CIP Projects 13,078,103 2,158,303 1,847,000 31,303 2,765,000 4,576,497 1,700,000 Estimated Issuance Expenses Municipal Advisor 62,100 10,255 8,763 166 13,097 21,742 8,076 Bond Counsel 35,000 5,780 4,939 93 7,382 12,254 4,552 Disclosure Counsel 24,500 4,046 3,457 65 5,167 8,578 3,186 Rating Fee 33,000 5,450 4,657 88 6,960 11,554 4,292 Underwriter's Discount 12.50 163,875 27,063 23,125 438 34,563 57,375 21,313 Paying Agent 900 149 127 2 190 315 117 Subtotal Issuance Expenses 319,375 52,742 45,068 853 67,359 111,818 41,536 TOTAL TO BE FINANCED 13,397,478 2,211,044 1,892,068 32,156 2,832,359 4,688,315 1,741,536 Estimated Interest Earnings (292,000) (47,000.00) (44,250.05) (749.95) (68,000.00) (96,247.57) (35,752.43) Rounding 4,523 956 2,182 3,594 641 (2,067) (783) NET ISSUE SIZE 13,110,000 2,165,000 1,850,000 35,000 2,765,000 4,590,000 1,705,000 Table 7 Allocation of Debt Service - 2026 G.O. Notes Village of Weston, WI Year Ending Principal Est. Rate Interest Total Principal Interest Total Principal Interest Total 2026 2027 3.30% 86,986 86,986 70,000 72,377 142,377 5,000 993 5,993 2028 75,000 3.38% 99,101 174,101 60,000 81,521 141,521 5,000 992 5,992 2029 75,000 3.50% 96,521 171,521 65,000 79,369 144,369 5,000 820 5,820 2030 80,000 3.60% 93,768 173,768 65,000 77,062 142,062 10,000 552 10,552 2031 85,000 3.72% 90,747 175,747 70,000 74,590 144,590 10,000 186 10,186 2032 90,000 3.81% 87,452 177,452 70,000 71,954 141,954 2033 90,000 3.93% 83,969 173,969 75,000 69,147 144,147 2034 95,000 4.04% 80,281 175,281 80,000 66,057 146,057 2035 100,000 4.16% 76,282 176,282 80,000 62,777 142,777 2036 105,000 4.30% 71,945 176,945 85,000 59,286 144,286 2037 110,000 4.46% 67,234 177,234 90,000 55,451 145,451 2038 115,000 4.61% 62,130 177,130 95,000 51,254 146,254 2039 120,000 4.74% 56,636 176,636 100,000 46,695 146,695 2040 125,000 4.87% 50,748 175,748 105,000 41,768 146,768 2041 130,000 4.97% 44,474 174,474 110,000 36,478 146,478 2042 140,000 5.16% 37,631 177,631 115,000 30,777 145,777 2043 145,000 5.26% 30,206 175,206 120,000 24,654 144,654 2044 155,000 5.36% 22,238 177,238 125,000 18,148 143,148 2045 165,000 5.46% 13,580 178,580 130,000 11,249 141,249 2046 165,000 5.50% 4,538 169,538 140,000 3,850 143,850 Total 2,165,000 1,256,462 3,421,462 1,850,000 1,034,461 2,884,461 35,000 3,542 38,542 Notes: 1) Estimated Rate assumes current rate plus 50 basis points. 2). Maximum TIC of 5.01% Water 20 year Portion Sewer 20 Year Portion Sewer 5 Year Portion Table 7 Allocation of Debt Service - 2026 G.O. Notes Year Principal Est. Rate Interest Total Principal Interest Total Principal Interest Total Ending Principal (4/1) Interest Total 2026 0 0 0 125,000 3.30% 107,823 232,823 186,579 186,579 265,000 47,667 312,667 2027 465,000 502,424 967,424 85,000 3.38% 121,229 206,229 205,000 211,820 416,820 325,000 45,808 370,808 2028 755,000 560,469 1,315,469 95,000 3.50% 118,130 213,130 35,000 207,743 242,743 335,000 34,453 369,453 2029 610,000 537,034 1,147,034 95,000 3.60% 114,758 209,758 125,000 204,880 329,880 355,000 22,200 377,200 2030 730,000 513,219 1,243,219 100,000 3.72% 111,188 211,188 80,000 201,142 281,142 425,000 7,905 432,905 2031 770,000 485,757 1,255,757 105,000 3.81% 107,327 212,327 215,000 195,558 410,558 2032 480,000 462,291 942,291 110,000 3.93% 103,166 213,166 205,000 187,434 392,434 2033 480,000 443,715 923,715 115,000 4.04% 98,681 213,681 215,000 179,063 394,063 2034 505,000 424,082 929,082 120,000 4.16% 93,862 213,862 220,000 170,144 390,144 2035 520,000 403,065 923,065 125,000 4.30% 88,679 213,679 230,000 160,623 390,623 2036 545,000 380,532 925,532 135,000 4.46% 82,981 217,981 245,000 150,215 395,215 2037 580,000 355,880 935,880 140,000 4.61% 76,743 216,743 255,000 138,873 393,873 2038 605,000 329,001 934,001 145,000 4.74% 70,080 215,080 265,000 126,715 391,715 2039 630,000 300,125 930,125 155,000 4.87% 62,869 217,869 280,000 113,617 393,617 2040 665,000 269,001 934,001 165,000 4.97% 54,994 219,994 295,000 99,468 394,468 2041 700,000 235,413 935,413 170,000 5.16% 46,508 216,508 310,000 84,139 394,139 2042 735,000 199,055 934,055 180,000 5.26% 37,388 217,388 325,000 67,594 392,594 2043 770,000 159,841 929,841 190,000 5.36% 27,562 217,562 345,000 49,800 394,800 2044 815,000 117,748 932,748 200,000 5.46% 17,010 217,010 365,000 30,590 395,590 2045 860,000 72,428 932,428 210,000 5.50% 5,775 215,775 375,000 10,313 385,313 2046 890,000 24,475 914,475 2,765,000 1,546,750 4,311,750 4,590,000 2,776,307 7,366,307 1,705,000 158,032 1,863,032 Total 13,110,000 6,775,553 19,885,553 Notes: 1) Estimated Rate assumes current rate plus 50 basis points. 2) Maximum TIC of 5.01% Storm Water 20 Year Portion TotalsLevy 20 year Portion Levy 5 Year Portion Table 8 Financing Plan Tax Impact Village of Weston, WI 2026 G.O. Notes 2028 G.O. Notes 2030 G.O. Notes Net Debt 13,110,000 12,820,000 5,005,000 Total Levy Change Total Tax Annual Taxes Annual Taxes Year Service Dated: 11/19/2026 Dated: 10/1/2028 Dated: 10/1/2030 Less: Less: Less: Net Debt from Prior Rate for $300,000 New Debt Year Ending Levy Total P&I Total P&I Total P&I Water Sewer Storm Water Service Levy Year Debt Service of value Only Ending 3.30%-5.50% 5.00% 5.25% 2026 2,763,065 1,645,513,200 0 0 0 0 0 0 2,763,065 $1.68 $504 $0 2026 2027 2,863,078 2,070,232,900 967,424 0 0 (86,986) (148,370) (232,823) 3,362,324 599,259 $1.62 $487 $72 2027 2028 2,850,718 2,152,083,365 1,315,469 0 0 (174,101) (147,512) (206,229) 3,862,078 499,754 $1.79 $538 $141 2028 2029 2,836,041 2,237,169,938 1,147,034 709,250 0 (171,521) (375,439) (294,130) 4,063,949 201,870 $1.82 $545 $165 2029 2030 2,757,441 2,325,620,566 1,243,219 1,047,000 0 (173,768) (465,614) (344,383) 4,266,590 202,641 $1.83 $550 $195 2030 2031 2,740,175 2,417,568,252 1,255,757 1,108,875 408,825 (256,460) (548,863) (426,400) 4,475,514 208,924 $1.85 $555 $215 2031 2032 2,726,775 2,513,151,259 942,291 1,298,125 741,763 (255,539) (548,167) (412,409) 4,678,216 202,702 $1.86 $558 $233 2032 2033 2,706,243 2,612,513,315 923,715 1,276,500 608,400 (254,300) (532,228) (413,228) 4,493,050 (185,166) $1.72 $516 $205 2033 2034 2,698,211 2,715,803,834 929,082 903,125 622,006 (252,725) (526,251) (432,969) 4,111,743 (381,307) $1.51 $454 $156 2034 2035 2,539,031 2,823,178,133 923,065 1,000,375 624,038 (255,707) (622,327) (436,493) 3,937,248 (174,496) $1.39 $418 $149 2035 2036 2,357,757 2,934,797,672 925,532 999,000 434,875 (253,220) (620,186) (434,272) 3,569,396 (367,851) $1.22 $365 $124 2036 2037 2,007,923 3,050,830,295 935,880 991,500 444,519 (255,228) (622,070) (436,281) 3,221,394 (348,003) $1.06 $317 $119 2037 2038 1,991,854 3,171,450,481 934,001 992,750 438,244 (251,712) (617,961) (432,493) 3,205,628 (15,765) $1.01 $303 $115 2038 2039 1,978,838 3,296,839,608 930,125 992,500 441,181 (252,673) (622,732) (432,898) 3,181,596 (24,032) $0.97 $290 $109 2039 2040 1,963,673 3,427,186,225 934,001 985,875 462,544 (257,848) (626,118) (442,106) 3,164,070 (17,526) $0.92 $277 $105 2040 2041 1,655,768 3,562,686,335 935,413 992,625 204,288 (174,474) (545,353) (357,369) 2,852,190 (311,880) $0.80 $240 $101 2041 2042 900,459 3,703,543,691 934,055 992,500 202,331 (177,631) (545,527) (354,008) 2,091,135 (761,056) $0.56 $169 $96 2042 2043 296,800 3,849,970,101 929,841 990,625 200,113 (175,206) (544,529) (354,763) 1,479,893 (611,242) $0.38 $115 $92 2043 2044 285,600 4,002,185,749 932,748 982,125 197,631 (177,238) (542,398) (349,687) 1,464,218 (15,675) $0.37 $110 $88 2044 2045 0 4,160,419,523 932,428 981,875 194,888 (178,580) (539,124) (348,760) 1,176,933 (287,285) $0.28 $85 $85 2045 2046 0 4,324,909,360 914,475 989,375 187,013 (169,538) (544,475) (351,775) 1,158,375 (18,558) $0.27 $80 $80 2046 2047 0 4,495,902,605 0 984,625 179,138 0 (397,500) (134,875) 764,086 (394,288) $0.17 $51 $51 2047 2048 0 4,673,656,382 0 958,375 171,263 0 (374,125) (138,375) 617,138 (146,949) $0.13 $40 $40 2048 2049 0 4,858,437,982 0 0 173,125 0 0 0 173,125 (444,013) $0.04 $11 $11 2049 2050 0 5,050,525,263 0 0 174,463 0 0 0 174,463 1,338 $0.03 $10 $10 2050 2051 0 5,250,207,067 0 0 0 0 (174,463) $0.00 $0 $0 2051 Total 40,919,448 19,885,553 20,177,000 7,110,644 (4,204,449) (11,056,865) (7,766,725) 2,758 Total Notes: Proposed DebtExisting Debt Equalized Value (TID OUT) Abatements Debt Service Levy Taxes Table 9 General Obligation Debt Capacity Analysis - Impact of Financing Plan Village of Weston, WI Projected Existing Combined Principal Year Equalized Principal Existing Year Ending Value (TID IN) Debt Limit Outstanding % of Limit 2026 G.O. Notes 2028 G.O. Notes 2030 G.O. Notes & Proposed Ending 2026 2,092,555,000 104,627,750 36,270,132 34.67% 13,110,000 $49,380,132 47.20% $55,247,618 2026 2027 2,136,527,046 106,826,352 34,019,829 31.85% 12,645,000 $46,664,829 43.68% $60,161,523 2027 2028 2,181,423,102 109,071,155 31,644,190 29.01% 11,890,000 12,820,000 $56,354,190 51.67% $52,716,965 2028 2029 2,227,262,584 111,363,129 29,186,522 26.21% 11,280,000 12,750,000 $53,216,522 47.79% $58,146,607 2029 2030 2,274,065,318 113,703,266 26,856,470 23.62% 10,550,000 12,330,000 5,005,000 $54,741,470 48.14% $58,961,796 2030 2031 2,321,851,543 116,092,577 24,448,190 21.06% 9,780,000 11,825,000 4,855,000 $50,908,190 43.85% $65,184,387 2031 2032 2,370,641,928 118,532,096 21,946,071 18.51% 9,300,000 11,100,000 4,355,000 $46,701,071 39.40% $71,831,025 2032 2033 2,420,457,573 121,022,879 19,343,648 15.98% 8,820,000 10,360,000 3,965,000 $42,488,648 35.11% $78,534,231 2033 2034 2,471,320,022 123,566,001 16,730,208 13.54% 8,315,000 9,965,000 3,540,000 $38,550,208 31.20% $85,015,793 2034 2035 2,523,251,273 126,162,564 14,399,730 11.41% 7,795,000 9,450,000 3,090,000 $34,734,730 27.53% $91,427,833 2035 2036 2,576,273,784 128,813,689 12,160,000 9.44% 7,250,000 8,910,000 2,810,000 $31,130,000 24.17% $97,683,689 2036 2037 2,630,410,488 131,520,524 10,205,000 7.76% 6,670,000 8,350,000 2,505,000 $27,730,000 21.08% $103,790,524 2037 2038 2,685,684,797 134,284,240 8,200,000 6.11% 6,065,000 7,760,000 2,190,000 $24,215,000 18.03% $110,069,240 2038 2039 2,742,120,616 137,106,031 6,140,000 4.48% 5,435,000 7,140,000 1,855,000 $20,570,000 15.00% $116,536,031 2039 2040 2,799,742,354 139,987,118 4,025,000 2.88% 4,770,000 6,495,000 1,480,000 $16,770,000 11.98% $123,217,118 2040 2041 2,858,574,929 142,928,746 2,205,000 1.54% 4,070,000 5,810,000 1,350,000 $13,435,000 9.40% $129,493,746 2041 2042 2,918,643,787 145,932,189 1,090,000 0.75% 3,335,000 5,090,000 1,215,000 $10,730,000 7.35% $135,202,189 2042 2043 2,979,974,906 148,998,745 550,000 0.37% 2,565,000 4,335,000 1,075,000 $8,525,000 5.72% $140,473,745 2043 2044 3,042,594,811 152,129,741 0 0.00% 1,750,000 3,550,000 930,000 $6,230,000 4.10% $145,899,741 2044 2045 3,106,530,583 155,326,529 0.00% 890,000 2,725,000 780,000 $4,395,000 2.83% $150,931,529 2045 2046 3,171,809,874 158,590,494 0.00% 0 1,850,000 630,000 $2,480,000 1.56% $156,110,494 2046 2047 3,238,460,916 161,923,046 0.00% 0 935,000 480,000 $1,415,000 0.87% $160,508,046 2047 2048 3,306,512,534 165,325,627 0.00% 0 0 330,000 $330,000 0.20% $164,995,627 2048 2049 3,375,994,159 168,799,708 0.00% 0 0 170,000 $170,000 0.10% $168,629,708 2049 2050 3,446,935,841 172,346,792 0.00% 0 0 0 $0 0.00% $172,346,792 2050 Notes: % of Limit Residual Capacity Proposed DebtExisting Debt Table 10 Debt Coverage - Water Utility with 2026 debt issues Village of Weston, WI Year Existing G.O. Debt Existing Revenue Debt Proposed 2026 G.O. Debt Proposed 2026 SDWFL Total Debt Coverage Existing Revenue Debt Proposed 2026 SDWFL Total Debt Coverage Year 1,432,259 1,900,251.00 2025 Net Revenues 2025 Net Revenues 2026 217,844 351,675 0 0 569,519 2.51 351,675 0 351,675 5.40 2026 2027 224,029 368,767 86,986 83,718 763,499 1.88 368,767 83,718 452,485 4.20 2027 2028 229,117 374,196 174,101 81,159 858,573 1.67 374,196 81,159 455,355 4.17 2028 2029 228,159 374,700 171,521 81,145 855,524 1.67 374,700 81,145 455,845 4.17 2029 2030 156,275 435,389 173,768 81,130 846,562 1.69 435,389 81,130 516,519 3.68 2030 2031 156,400 440,498 175,747 81,114 853,759 1.68 440,498 81,114 521,612 3.64 2031 2032 156,275 441,367 177,452 81,098 856,191 1.67 441,367 81,098 522,465 3.64 2032 2033 155,900 462,943 173,969 81,082 873,893 1.64 462,943 81,082 544,025 3.49 2033 2034 116,275 463,969 175,281 81,066 836,591 1.71 463,969 81,066 545,035 3.49 2034 2035 117,400 464,637 176,282 81,048 839,367 1.71 464,637 81,048 545,685 3.48 2035 2036 118,700 474,840 176,945 81,032 851,516 1.68 474,840 81,032 555,872 3.42 2036 2037 115,300 469,648 177,234 81,014 843,196 1.70 469,648 81,014 550,662 3.45 2037 2038 116,800 464,301 177,130 80,996 839,227 1.71 464,301 80,996 545,297 3.48 2038 2039 118,100 355,948 176,636 80,978 731,661 1.96 355,948 80,978 436,926 4.35 2039 2040 119,200 354,391 175,748 80,959 730,297 1.96 354,391 80,959 435,349 4.36 2040 2041 115,200 30,983 174,474 80,939 401,595 3.57 30,983 80,939 111,922 16.98 2041 2042 116,100 30,975 177,631 80,919 405,625 3.53 30,975 80,919 111,894 16.98 2042 2043 116,800 30,967 175,206 80,899 403,871 3.55 30,967 80,899 111,866 16.99 2043 2044 117,300 30,958 177,238 80,878 406,374 3.52 30,958 80,878 111,836 16.99 2044 2045 0 0 178,580 80,856 259,436 5.52 0 80,856 80,856 23.50 2045 2046 169,538 80,835 250,372 5.72 80,835 80,835 23.51 2046 Total 2,811,174 6,421,149 3,421,462 1,622,865 14,276,649 6,421,149 1,622,865 8,044,014 Total Notes: 1. Water all in coverage net revenues reduced by PILOT. Water All In Coverage Water Revenue Coverage Table 11 Debt Coverage - Sewer Utility with 2026 issue Village of Weston, WI Year Existing G.O. Debt Proposed 2026 G.O. Debt Total Debt Coverage Year 1,285,155 2025 Net Revenues 2026 304,289 304,289 4.22 2026 2027 304,080 142,377 446,457 2.88 2027 2028 300,452 141,521 441,972 2.91 2028 2029 300,685 144,369 445,054 2.89 2029 2030 225,500 142,062 367,562 3.50 2030 2031 226,250 144,590 370,840 3.47 2031 2032 226,500 141,954 368,454 3.49 2032 2033 226,250 144,147 370,397 3.47 2033 2034 225,500 146,057 371,557 3.46 2034 2035 0 142,777 142,777 9.00 2035 2036 144,286 144,286 8.91 2036 2037 145,451 145,451 8.84 2037 2038 146,254 146,254 8.79 2038 2039 146,695 146,695 8.76 2039 2040 146,768 146,768 8.76 2040 2041 146,478 146,478 8.77 2041 2042 145,777 145,777 8.82 2042 2043 144,654 144,654 8.88 2043 2044 143,148 143,148 8.98 2044 2045 141,249 141,249 9.10 2045 2046 143,850 143,850 8.93 2046 Total 2,339,505 2,884,461 5,223,966 Total Notes: Sewer All In Coverage Table 12 Debt Coverage - Storm Water Utility with 2026 & 2027 debt issues Village of Weston, WI Year Existing G.O. Debt Existing Revenue Debt Less Debt Reserve Proposed 2026 G.O. Debt Proposed Revenue Debt (2027 CWFL) Total Debt Coverage Existing Debt Less Debt Reserve Proposed Debt (2027 CWFL) Total Debt Coverage Year 841,911 841,911 2025 Net Revenues 2025 Net Revenues 2026 215,745 238,425 454,170 1.85 238,425 0 238,425 3.53 2026 2027 224,130 236,900 (189,000) 232,823 504,853 1.67 236,900 (189,000) 47,900 17.58 2027 2028 267,605 206,229 223,733 697,567 1.21 223,733 223,733 3.76 2028 2029 270,446 213,130 212,712 696,288 1.21 212,712 212,712 3.96 2029 2030 273,488 209,758 202,694 685,939 1.23 202,694 202,694 4.15 2030 2031 266,123 211,188 193,604 670,914 1.25 193,604 193,604 4.35 2031 2032 263,398 212,327 185,377 661,101 1.27 185,377 185,377 4.54 2032 2033 270,216 213,166 177,948 661,330 1.27 177,948 177,948 4.73 2033 2034 212,940 213,681 171,263 597,884 1.41 171,263 171,263 4.92 2034 2035 211,755 213,862 165,266 590,883 1.42 165,266 165,266 5.09 2035 2036 215,800 213,679 159,910 589,389 1.43 159,910 159,910 5.26 2036 2037 215,100 217,981 155,150 588,231 1.43 155,150 155,150 5.43 2037 2038 214,200 216,743 150,945 581,888 1.45 150,945 150,945 5.58 2038 2039 213,100 215,080 147,256 575,436 1.46 147,256 147,256 5.72 2039 2040 211,800 217,869 144,050 573,718 1.47 144,050 144,050 5.84 2040 2041 160,800 219,994 141,293 522,087 1.61 141,293 141,293 5.96 2041 2042 160,100 216,508 138,956 515,564 1.63 138,956 138,956 6.06 2042 2043 159,200 217,388 137,012 513,600 1.64 137,012 137,012 6.14 2043 2044 158,100 217,562 135,436 511,098 1.65 135,436 135,436 6.22 2044 2045 0 217,010 134,206 351,216 2.40 134,206 134,206 6.27 2045 2046 215,775 133,300 349,075 2.41 133,300 133,300 6.32 2046 2047 0 132,699 132,699 6.34 132,699 132,699 6.34 2047 2048 0 0 0 N/A 0 0 N/A 2048 Total 4,184,045 475,325 (189,000) 4,311,750 3,242,810 12,024,930 475,325 (189,000) 3,242,810 3,529,135 Total Notes: Storm Water All In Coverage Storm Water Revenue Coverage QB\104917707.1 RESOLUTION NO.2026-026 RESOLUTION AUTHORIZING THE ISSUANCE AND ESTABLISHING PARAMETERS FOR THE SALE OF NOT TO EXCEED $13,110,000 GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2026A WHEREAS, the Village Board of the Village of Weston, Marathon County, Wisconsin (the "Village") hereby finds and determines that it is necessary, desirable and in the best interest of the Village to raise funds for public purposes, including paying the cost of street improvement, water system, sewer system, storm water system, public works, safety building, park, aquatic center and other capital projects in the Village, and acquisition of vehicles and equipment (the "Project"); WHEREAS, the Village Board hereby finds and determines that the Project is within the Village's power to undertake and therefore serves a "public purpose" as that term is defined in Section 67.04(1)(b), Wisconsin Statutes; WHEREAS, the Village is authorized by the provisions of Section 67.12(12), Wisconsin Statutes, to borrow money and issue general obligation promissory notes for such public purposes; WHEREAS, it is the finding of the Village Board that it is in the best interest of the Village to direct its financial advisor, Ehlers & Associates, Inc. ("Ehlers"), to take the steps necessary for the Village to offer and sell such general obligation promissory notes designated as "General Obligation Promissory Notes, Series 2026A" (the "Notes") at public sale and to obtain bids for the purchase of the Notes; and WHEREAS, in order to facilitate the sale of the Notes in a timely manner, the Village Board hereby finds and determines that it is necessary, desirable and in the best interest of the Village to delegate to the Finance Director/Treasurer or the Village Administrator (each, an "Authorized Officer") the authority to accept on behalf of the Village the bid for the Notes that results in the lowest true interest cost for the Notes (the "Proposal") and meets the terms and conditions provided for in this Resolution by executing a certificate in substantially the form attached hereto as Exhibit A and incorporated herein by this reference (the "Approving Certificate"). NOW, THEREFORE, BE IT RESOLVED by the Village Board of the Village that: Section 1. Authorization and Sale of the Notes; Parameters. For the purpose of paying the cost of the Project, the Village is authorized to borrow pursuant to Section 67.12(12), Wisconsin Statutes, the principal sum of not to exceed THIRTEEN MILLION ONE HUNDRED TEN THOUSAND DOLLARS ($13,110,000) upon the terms and subject to the conditions set forth in this Resolution. Subject to satisfaction of the condition set forth in Section 16 of this Resolution, the President and Village Clerk are hereby authorized, empowered and directed to make, execute, issue and sell to the financial institution that submitted the Proposal (the "Purchaser") for, on behalf of and in the name of the Village, the Notes aggregating the principal QB\104917707.1 -2- amount of not to exceed THIRTEEN MILLION ONE HUNDRED TEN THOUSAND DOLLARS ($13,110,000). The purchase price to be paid to the Village for the Notes shall not be less than 98.75% nor more than 110.00% of the principal amount of the Notes. Section 2. Terms of the Notes. The Notes shall be designated "General Obligation Promissory Notes, Series 2026A"; shall be issued in the aggregate principal amount of up to $13,110,000; shall be dated as of their date of issuance; shall be in the denomination of $5,000 or any integral multiple thereof; shall be numbered R-1 and upward; and shall mature or be subject to mandatory redemption on the dates and in the principal amounts set forth below, provided that the principal amount of each maturity or mandatory redemption amount may be increased by up to $560,000 or decreased by up to $460,000 per maturity or mandatory redemption amount and that the aggregate principal amount of the Notes shall not exceed $13,110,000. The schedule below assumes the Notes are issued in the aggregate principal amount of $13,110,000. Date Principal Amount April 1, 2027 $465,000 April 1, 2028 755,000 April 1, 2029 610,000 April 1, 2030 730,000 April 1, 2031 770,000 April 1, 2032 480,000 April 1, 2033 480,000 April 1, 2034 505,000 April 1, 2035 520,000 April 1, 2036 545,000 April 1, 2037 580,000 April 1, 2038 605,000 April 1, 2039 630,000 April 1, 2040 665,000 April 1, 2041 700,000 April 1, 2042 735,000 April 1, 2043 770,000 April 1, 2044 815,000 April 1, 2045 860,000 April 1, 2046 890,000 Interest shall be payable semi-annually on April 1 and October 1 of each year commencing on April 1, 2027. The true interest cost on the Notes (computed taking the Purchaser's compensation into account) shall not exceed 5.01%. Interest shall be computed upon the basis of a 360-day year of twelve 30-day months and will be rounded pursuant to the rules of the Municipal Securities Rulemaking Board. Section 3. Redemption Provisions. The Notes shall not be subject to optional redemption or shall be callable as set forth in the Approving Certificate. If the Proposal specifies that certain of the Notes shall be subject to mandatory redemption, the terms of such mandatory redemption shall be set forth in an attachment to the Approving Certificate labeled as Schedule MRP. Upon the optional redemption of any of the Notes subject to mandatory QB\104917707.1 -3- redemption, the principal amount of such Notes so redeemed shall be credited against the mandatory redemption payments established in the Approving Certificate in such manner as the Village shall direct. Section 4. Form of the Notes. The Notes shall be issued in registered form and shall be executed and delivered in substantially the form attached hereto as Exhibit B and incorporated herein by this reference. Section 5. Tax Provisions. (A) Direct Annual Irrepealable Tax Levy. For the purpose of paying the principal of and interest on the Notes as the same becomes due, the full faith, credit and resources of the Village are hereby irrevocably pledged, and there is hereby levied upon all of the taxable property of the Village a direct annual irrepealable tax in the years 2026 through 2045 for the payments due in the years 2027 through 2046 in the amounts as are sufficient to meet the principal and interest payments when due. (B) Tax Collection. So long as any part of the principal of or interest on the Notes remains unpaid, the Village shall be and continue without power to repeal such levy or obstruct the collection of said tax until all such payments have been made or provided for. After the issuance of the Notes, said tax shall be, from year to year, carried onto the tax roll of the Village and collected in addition to all other taxes and in the same manner and at the same time as other taxes of the Village for said years are collected, except that the amount of tax carried onto the tax roll may be reduced in any year by the amount of any surplus money in the Debt Service Fund Account created below. (C) Additional Funds. If at any time there shall be on hand insufficient funds from the aforesaid tax levy to meet principal and/or interest payments on said Notes when due, the requisite amounts shall be paid from other funds of the Village then available, which sums shall be replaced upon the collection of the taxes herein levied. Section 6. Segregated Debt Service Fund Account. (A) Creation and Deposits. There shall be and there hereby is established in the treasury of the Village, if one has not already been created, a debt service fund, separate and distinct from every other fund, which shall be maintained in accordance with generally accepted accounting principles. Debt service or sinking funds established for obligations previously issued by the Village may be considered as separate and distinct accounts within the debt service fund. Within the debt service fund, there hereby is established a separate and distinct account designated as the "Debt Service Fund Account for General Obligation Promissory Notes, Series 2026A" (the "Debt Service Fund Account") and such account shall be maintained until the indebtedness evidenced by the Notes is fully paid or otherwise extinguished. There shall be deposited into the Debt Service Fund Account (i) all accrued interest received by the Village at the time of delivery of and payment for the Notes; (ii) any premium which may be received by the Village above the par value of the Notes and accrued interest thereon; (iii) all money raised QB\104917707.1 -4- by the taxes herein levied and any amounts appropriated for the specific purpose of meeting principal of and interest on the Notes when due; (iv) such other sums as may be necessary at any time to pay principal of and interest on the Notes when due; (v) surplus monies in the Borrowed Money Fund as specified below; and (vi) such further deposits as may be required by Section 67.11, Wisconsin Statutes. (B) Use and Investment. No money shall be withdrawn from the Debt Service Fund Account and appropriated for any purpose other than the payment of principal of and interest on the Notes until all such principal and interest has been paid in full and the Notes canceled; provided (i) the funds to provide for each payment of principal of and interest on the Notes prior to the scheduled receipt of taxes from the next succeeding tax collection may be invested in direct obligations of the United States of America maturing in time to make such payments when they are due or in other investments permitted by law; and (ii) any funds over and above the amount of such principal and interest payments on the Notes may be used to reduce the next succeeding tax levy, or may, at the option of the Village, be invested by purchasing the Notes as permitted by and subject to Section 67.11(2)(a), Wisconsin Statutes, or in permitted municipal investments under the pertinent provisions of the Wisconsin Statutes ("Permitted Investments"), which investments shall continue to be a part of the Debt Service Fund Account. Any investment of the Debt Service Fund Account shall at all times conform with the provisions of the Internal Revenue Code of 1986, as amended (the "Code") and any applicable Treasury Regulations (the "Regulations"). (C) Remaining Monies. When all of the Notes have been paid in full and canceled, and all Permitted Investments disposed of, any money remaining in the Debt Service Fund Account shall be transferred and deposited in the general fund of the Village, unless the Village Board directs otherwise. Section 7. Proceeds of the Notes; Segregated Borrowed Money Fund. The proceeds of the Notes (the "Note Proceeds") (other than any premium and accrued interest which must be paid at the time of the delivery of the Notes into the Debt Service Fund Account created above) shall be deposited into a special fund (the "Borrowed Money Fund") separate and distinct from all other funds of the Village and disbursed solely for the purpose or purposes for which borrowed. Monies in the Borrowed Money Fund may be temporarily invested in Permitted Investments. Any monies, including any income from Permitted Investments, remaining in the Borrowed Money Fund after the purpose or purposes for which the Notes have been issued have been accomplished, and, at any time, any monies as are not needed and which obviously thereafter cannot be needed for such purpose(s) shall be deposited in the Debt Service Fund Account. Section 8. No Arbitrage. All investments made pursuant to this Resolution shall be Permitted Investments, but no such investment shall be made in such a manner as would cause the Notes to be "arbitrage bonds" within the meaning of Section 148 of the Code or the Regulations and an officer of the Village, charged with the responsibility for issuing the Notes, shall certify as to facts, estimates, circumstances and reasonable expectations in existence on the date of delivery of the Notes to the Purchaser which will permit the conclusion that the Notes are not "arbitrage bonds," within the meaning of the Code or Regulations. QB\104917707.1 -5- Section 9. Compliance with Federal Tax Laws. (a) The Village represents and covenants that the projects financed by the Notes and the ownership, management and use of the projects will not cause the Notes to be "private activity bonds" within the meaning of Section 141 of the Code. The Village further covenants that it shall comply with the provisions of the Code to the extent necessary to maintain the tax-exempt status of the interest on the Notes including, if applicable, the rebate requirements of Section 148(f) of the Code. The Village further covenants that it will not take any action, omit to take any action or permit the taking or omission of any action within its control (including, without limitation, making or permitting any use of the proceeds of the Notes) if taking, permitting or omitting to take such action would cause any of the Notes to be an arbitrage bond or a private activity bond within the meaning of the Code or would otherwise cause interest on the Notes to be included in the gross income of the recipients thereof for federal income tax purposes. The Village Clerk or other officer of the Village charged with the responsibility of issuing the Notes shall provide an appropriate certificate of the Village certifying that the Village can and covenanting that it will comply with the provisions of the Code and Regulations. (b) The Village also covenants to use its best efforts to meet the requirements and restrictions of any different or additional federal legislation which may be made applicable to the Notes provided that in meeting such requirements the Village will do so only to the extent consistent with the proceedings authorizing the Notes and the laws of the State of Wisconsin and to the extent that there is a reasonable period of time in which to comply. Section 10. Execution of the Notes; Closing; Professional Services. The Notes shall be issued in printed form, executed on behalf of the Village by the manual or facsimile signatures of the President and Village Clerk, authenticated, if required, by the Fiscal Agent (defined below), sealed with its official or corporate seal, if any, or a facsimile thereof, and delivered to the Purchaser upon payment to the Village of the purchase price thereof, plus accrued interest to the date of delivery (the "Closing"). The facsimile signature of either of the officers executing the Notes may be imprinted on the Notes in lieu of the manual signature of the officer but, unless the Village has contracted with a fiscal agent to authenticate the Notes, at least one of the signatures appearing on each Note shall be a manual signature. In the event that either of the officers whose signatures appear on the Notes shall cease to be such officers before the Closing, such signatures shall, nevertheless, be valid and sufficient for all purposes to the same extent as if they had remained in office until the Closing. The aforesaid officers are hereby authorized and directed to do all acts and execute and deliver the Notes and all such documents, certificates and acknowledgements as may be necessary and convenient to effectuate the Closing. The Village hereby authorizes the officers and agents of the Village to enter into, on its behalf, agreements and contracts in conjunction with the Notes, including but not limited to agreements and contracts for legal, trust, fiscal agency, disclosure and continuing disclosure, and rebate calculation services. Any such contract heretofore entered into in conjunction with the issuance of the Notes is hereby ratified and approved in all respects. Section 11. Payment of the Notes; Fiscal Agent. The principal of and interest on the Notes shall be paid by the Village Clerk or the Village Treasurer (the "Fiscal Agent") unless a fiscal agent is specified in the Approving Certificate. QB\104917707.1 -6- Section 12. Persons Treated as Owners; Transfer of Notes. The Village shall cause books for the registration and for the transfer of the Notes to be kept by the Fiscal Agent. The person in whose name any Note shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes and payment of either principal or interest on any Note shall be made only to the registered owner thereof. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Note to the extent of the sum or sums so paid. Any Note may be transferred by the registered owner thereof by surrender of the Note at the office of the Fiscal Agent, duly endorsed for the transfer or accompanied by an assignment duly executed by the registered owner or his attorney duly authorized in writing. Upon such transfer, the President and Village Clerk shall execute and deliver in the name of the transferee or transferees a new Note or Notes of a like aggregate principal amount, series and maturity and the Fiscal Agent shall record the name of each transferee in the registration book. No registration shall be made to bearer. The Fiscal Agent shall cancel any Note surrendered for transfer. The Village shall cooperate in any such transfer, and the President and Village Clerk are authorized to execute any new Note or Notes necessary to effect any such transfer. Section 13. Record Date. The 15th day of the calendar month next preceding each interest payment date shall be the record date for the Notes (the "Record Date"). Payment of interest on the Notes on any interest payment date shall be made to the registered owners of the Notes as they appear on the registration book of the Village at the close of business on the Record Date. Section 14. Utilization of The Depository Trust Company Book-Entry-Only System. In order to make the Notes eligible for the services provided by The Depository Trust Company, New York, New York ("DTC"), the Village agrees to the applicable provisions set forth in the Blanket Issuer Letter of Representations, which the Village Clerk or other authorized representative of the Village is authorized and directed to execute and deliver to DTC on behalf of the Village to the extent an effective Blanket Issuer Letter of Representations is not presently on file in the Village Clerk's office. Section 15. Payment of Issuance Expenses. The Village authorizes the Purchaser to forward the amount of the proceeds of the Notes allocable to the payment of issuance expenses to a financial institution selected by Ehlers at Closing for further distribution as directed by Ehlers. Section 16. Condition on Issuance and Sale of the Notes. The issuance of the Notes and the sale of the Notes to the Purchaser are subject to approval by an Authorized Officer of the principal amount, definitive maturities, redemption provisions, interest rates and purchase price for the Notes, which approval shall be evidenced by execution by an Authorized Officer of the Approving Certificate. The Notes shall not be issued, sold or delivered until this condition is satisfied. Upon satisfaction of this condition, the Authorized Officer is authorized to execute a Proposal with the Purchaser providing for the sale of the Notes to the Purchaser. QB\104917707.1 -7- Section 17. Official Statement. The Village Board hereby directs the Authorized Officer to approve the Preliminary Official Statement with respect to the Notes and deem the Preliminary Official Statement as "final" as of its date for purposes of SEC Rule 15c2-12 promulgated by the Securities and Exchange Commission pursuant to the Securities and Exchange Act of 1934 (the "Rule"). All actions taken by the Authorized Officer or other officers of the Village in connection with the preparation of such Preliminary Official Statement and any addenda to it or final Official Statement are hereby ratified and approved. In connection with the Closing, the appropriate Village official shall certify the Preliminary Official Statement and any addenda or final Official Statement. The Village Clerk shall cause copies of the Preliminary Official Statement and any addenda or final Official Statement to be distributed to the Purchaser. Section 18. Undertaking to Provide Continuing Disclosure. The Village hereby covenants and agrees, for the benefit of the owners of the Notes, to enter into a written undertaking (the "Undertaking") if required by the Rule to provide continuing disclosure of certain financial information and operating data and timely notices of the occurrence of certain events in accordance with the Rule. The Undertaking shall be enforceable by the owners of the Notes or by the Purchaser on behalf of such owners (provided that the rights of the owners and the Purchaser to enforce the Undertaking shall be limited to a right to obtain specific performance of the obligations thereunder and any failure by the Village to comply with the provisions of the Undertaking shall not be an event of default with respect to the Notes). To the extent required under the Rule, the President and Village Clerk, or other officer of the Village charged with the responsibility for issuing the Notes, shall provide a Continuing Disclosure Certificate for inclusion in the transcript of proceedings, setting forth the details and terms of the Village's Undertaking. Section 19. Record Book. The Village Clerk shall provide and keep the transcript of proceedings as a separate record book (the "Record Book") and shall record a full and correct statement of every step or proceeding had or taken in the course of authorizing and issuing the Notes in the Record Book. Section 20. Bond Insurance. If the Purchaser determines to obtain municipal bond insurance with respect to the Notes, the officers of the Village are authorized to take all actions necessary to obtain such municipal bond insurance. The President and Village Clerk are authorized to agree to such additional provisions as the bond insurer may reasonably request and which are acceptable to the President and Village Clerk including provisions regarding restrictions on investment of Note proceeds, the payment procedure under the municipal bond insurance policy, the rights of the bond insurer in the event of default and payment of the Notes by the bond insurer and notices to be given to the bond insurer. In addition, any reference required by the bond insurer to the municipal bond insurance policy shall be made in the form of Note provided herein. QB\104917707.1 -8- Section 21. Conflicting Resolutions; Severability; Effective Date. All prior resolutions, rules or other actions of the Village Board or any parts thereof in conflict with the provisions hereof shall be, and the same are, hereby rescinded insofar as the same may so conflict. In the event that any one or more provisions hereof shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provisions hereof. The foregoing shall take effect immediately upon adoption and approval in the manner provided by law. Adopted, approved and recorded October 5, 2026. _____________________________ Mark Maloney President ATTEST: ____________________________ Pamela S. Brehm Village Clerk (SEAL) QB\104917707.1 EXHIBIT A APPROVING CERTIFICATE The undersigned [Finance Director/Treasurer][Village Administrator] of the Village of Weston, Marathon County, Wisconsin (the "Village"), hereby certifies that: 1. Resolution. On October 5, 2026, the Village Board of the Village adopted a resolution (the "Resolution") authorizing the issuance and establishing parameters for the sale of not to exceed $13,110,000 General Obligation Promissory Notes, Series 2026A of the Village (the "Notes") after a public sale and delegating to me the authority to approve the Preliminary Official Statement, to approve the purchase proposal for the Notes, and to determine the details for the Notes within the parameters established by the Resolution. 2. Preliminary Official Statement. The Preliminary Official Statement with respect to the Notes is hereby approved and deemed "final" as of its date for purposes of SEC Rule 15c2- 12 promulgated by the Securities and Exchange Commission pursuant to the Securities and Exchange Act of 1934. 3. Proposal; Terms of the Notes. On the date hereof, the Notes were offered for public sale and the bids set forth on the Bid Tabulation attached hereto as Schedule I and incorporated herein by this reference were received. The institution listed first on the Bid Tabulation, _________________ (the "Purchaser") offered to purchase the Notes in accordance with the terms set forth in the Proposal attached hereto as Schedule II and incorporated herein by this reference (the "Proposal"). Ehlers & Associates, Inc. recommends the Village accept the Proposal. The Proposal meets the parameters and conditions established by the Resolution and is hereby approved and accepted. The Notes shall be issued in the aggregate principal amount of $__________, which is not more than the $13,110,000 approved by the Resolution, and shall mature on April 1 of each of the years and in the amounts and shall bear interest at the rates per annum as set forth in the Pricing Summary attached hereto as Schedule III and incorporated herein by this reference. The amount of each annual principal or mandatory redemption payment due on the Notes is not more than $560,000 more or $460,000 less per maturity or mandatory redemption amount than the schedule included in the Resolution as set forth below: Date Resolution Schedule Actual Amount April 1, 2027 $465,000 $___________ April 1, 2028 755,000 ___________ April 1, 2029 610,000 ___________ April 1, 2030 730,000 ___________ April 1, 2031 770,000 ___________ April 1, 2032 480,000 ___________ April 1, 2033 480,000 ___________ April 1, 2034 505,000 ___________ April 1, 2035 520,000 ___________ QB\104917707.1 -2- Date Resolution Schedule Actual Amount April 1, 2036 $545,000 $___________ April 1, 2037 580,000 ___________ April 1, 2038 605,000 ___________ April 1, 2039 630,000 ___________ April 1, 2040 665,000 ___________ April 1, 2041 700,000 ___________ April 1, 2042 735,000 ___________ April 1, 2043 770,000 ___________ April 1, 2044 815,000 ___________ April 1, 2045 860,000 ___________ April 1, 2046 890,000 ___________ The true interest cost on the Notes (computed taking the Purchaser's compensation into account) is _________%, which is not in excess of 5.01%, as required by the Resolution. 4. Purchase Price of the Notes. The Notes shall be sold to the Purchaser in accordance with the terms of the Proposal at a price of $_________, plus accrued interest, if any, to the date of delivery of the Notes, which is not less than 98.75% nor more than 110.00% of the principal amount of the Notes, as required by the Resolution. 5. Redemption Provisions of the Notes. [The Notes are not subject to optional redemption.][The Notes maturing on April 1, ______ and thereafter are subject to redemption prior to maturity, at the option of the Village, on April 1, ______ or on any date thereafter. Said Notes are redeemable as a whole or in part, and if in part, from maturities selected by the Village, and within each maturity, by lot (as selected by the Depository), at the principal amount thereof, plus accrued interest to the date of redemption.] [The Proposal specifies that [some of] the Notes are subject to mandatory redemption. The terms of such mandatory redemption are set forth in an attachment hereto as Schedule MRP and incorporated herein by this reference.] 6. [Payment of the Notes; Fiscal Agent. Pursuant to the Resolution, ______________________________, _________________, _________________, is named fiscal agent for the Notes.] 7. Direct Annual Irrepealable Tax Levy. For the purpose of paying the principal of and interest on the Notes as the same respectively falls due, the full faith, credit and taxing powers of the Village have been irrevocably pledged and there has been levied on all of the taxable property in the Village, pursuant to the Resolution, a direct, annual irrepealable tax in an amount and at the times sufficient for said purpose. Such tax shall be for the years and in the amounts set forth on the debt service schedule attached hereto as Schedule IV. QB\104917707.1 -3- 8. Approval. This Certificate constitutes my approval of the Proposal, and the principal amount, definitive maturities, interest rates, purchase price and redemption provisions for the Notes and the direct annual irrepealable tax levy to repay the Notes, in satisfaction of the parameters set forth in the Resolution. IN WITNESS WHEREOF, I have executed this Certificate on ________________, 2026 pursuant to the authority delegated to me in the Resolution. [ Jessica Trautman Finance Director/Treasurer] OR [ Jami Gebert Village Administrator] QB\104917707.1 SCHEDULE I TO APPROVING CERTIFICATE Bid Tabulation To be provided by Ehlers & Associates, Inc. and incorporated into the Certificate. (See Attached) QB\104917707.1 SCHEDULE II TO APPROVING CERTIFICATE Proposal To be provided by Ehlers & Associates, Inc. and incorporated into the Certificate. (See Attached) QB\104917707.1 SCHEDULE III TO APPROVING CERTIFICATE Pricing Summary To be provided by Ehlers & Associates, Inc. and incorporated into the Certificate. (See Attached) QB\104917707.1 SCHEDULE IV TO APPROVING CERTIFICATE Debt Service Schedule and Irrepealable Tax Levies To be provided by Ehlers & Associates, Inc. and incorporated into the Certificate. (See Attached) QB\104917707.1 [SCHEDULE MRP TO APPROVING CERTIFICATE Mandatory Redemption Provision The Notes due on April 1, ____, ____ and ____ (the "Term Bonds") are subject to mandatory redemption prior to maturity by lot (as selected by the Depository) at a redemption price equal to One Hundred Percent (100%) of the principal amount to be redeemed plus accrued interest to the date of redemption, from debt service fund deposits which are required to be made in amounts sufficient to redeem on April 1 of each year the respective amount of Term Bonds specified below: For the Term Bonds Maturing on April 1, 20 Redemption Date Amount ____ $______ ____ ______ ____ ______ (maturity) For the Term Bonds Maturing on April 1, 20 Redemption Date Amount ____ $______ ____ ______ ____ ______ (maturity) For the Term Bonds Maturing on April 1, 20 Redemption Date Amount ____ $______ ____ ______ ____ ______ (maturity) For the Term Bonds Maturing on April 1, 20 Redemption Date Amount ____ $______ ____ ______ ____ ______ (maturity) ] QB\104917707.1 EXHIBIT B (Form of Note) UNITED STATES OF AMERICA REGISTERED STATE OF WISCONSIN DOLLARS MARATHON COUNTY NO. R-___ VILLAGE OF WESTON $_______ GENERAL OBLIGATION PROMISSORY NOTE, SERIES 2026A MATURITY DATE: ORIGINAL DATE OF ISSUE: INTEREST RATE: CUSIP: April 1, _____ _________________ ____% ______ DEPOSITORY OR ITS NOMINEE NAME: CEDE & CO. PRINCIPAL AMOUNT: _______________________ THOUSAND DOLLARS ($__________) FOR VALUE RECEIVED, the Village of Weston, Marathon County, Wisconsin (the "Village"), hereby acknowledges itself to owe and promises to pay to the Depository or its Nominee Name (the "Depository") identified above (or to registered assigns), on the maturity date identified above, the principal amount identified above, and to pay interest thereon at the rate of interest per annum identified above, all subject to the provisions set forth herein regarding redemption prior to maturity. Interest shall be payable semi-annually on April 1 and October 1 of each year commencing on April 1, 2027 until the aforesaid principal amount is paid in full. Both the principal of and interest on this Note are payable to the registered owner in lawful money of the United States. Interest payable on any interest payment date shall be paid by wire transfer to the Depository in whose name this Note is registered on the Bond Register maintained by [________________, ___________, ______][the Village Clerk or the Village Treasurer] (the "Fiscal Agent") or any successor thereto at the close of business on the 15th day of the calendar month next preceding each interest payment date (the "Record Date"). This Note is payable as to principal upon presentation and surrender hereof at the office of the Fiscal Agent. For the prompt payment of this Note together with interest hereon as aforesaid and for the levy of taxes sufficient for that purpose, the full faith, credit and resources of the Village are hereby irrevocably pledged. This Note is one of an issue of Notes aggregating the principal amount of $13,110,000, all of which are of like tenor, except as to denomination, interest rate, maturity date and redemption provision, issued by the Village pursuant to the provisions of Section 67.12(12), Wisconsin Statutes, for public purposes, including paying the cost of street improvement, water system, sewer system, storm water system, public works, safety building, park, aquatic center and other capital projects in the Village, and acquisition of vehicles and equipment, as authorized by a resolution adopted on October 5, 2026, as supplemented by an Approving Certificate, dated QB\104917707.1 -2- ______________, 2026 [(the "Approving Certificate")] (collectively, the "Resolution"). Said Resolution is recorded in the official minutes of the Village Board for said date. [This Note is not subject to optional redemption.] [The Notes maturing on April 1, ________ and thereafter are subject to redemption prior to maturity, at the option of the Village, on April 1, ________ or on any date thereafter. Said Notes are redeemable as a whole or in part, and if in part, from maturities selected by the Village, and within each maturity, by lot (as selected by the Depository), at the principal amount thereof, plus accrued interest to the date of redemption.] [The Notes maturing in the years ________ are subject to mandatory redemption by lot as provided in the Approving Certificate, at the redemption price of par plus accrued interest to the date of redemption and without premium.] [In the event the Notes are redeemed prior to maturity, as long as the Notes are in book-entry-only form, official notice of the redemption will be given by mailing a notice by registered or certified mail, overnight express delivery, facsimile transmission, electronic transmission or in any other manner required by the Depository, to the Depository not less than thirty (30) days nor more than sixty (60) days prior to the redemption date. If less than all of the Notes of a maturity are to be called for redemption, the Notes of such maturity to be redeemed will be selected by lot. Such notice will include but not be limited to the following: the designation, date and maturities of the Notes called for redemption, CUSIP numbers, and the date of redemption. Any notice provided as described herein shall be conclusively presumed to have been duly given, whether or not the registered owner receives the notice. The Notes shall cease to bear interest on the specified redemption date provided that federal or other immediately available funds sufficient for such redemption are on deposit at the office of the Depository at that time. Upon such deposit of funds for redemption the Notes shall no longer be deemed to be outstanding.] It is hereby certified and recited that all conditions, things and acts required by law to exist or to be done prior to and in connection with the issuance of this Note have been done, have existed and have been performed in due form and time; that the aggregate indebtedness of the Village, including this Note and others issued simultaneously herewith, does not exceed any limitation imposed by law or the Constitution of the State of Wisconsin; and that a direct annual irrepealable tax has been levied sufficient to pay this Note, together with the interest thereon, when and as payable. This Note is transferable only upon the books of the Village kept for that purpose at the office of the Fiscal Agent, only in the event that the Depository does not continue to act as depository for the Notes, and the Village appoints another depository, upon surrender of the Note to the Fiscal Agent, by the registered owner in person or his duly authorized attorney, together with a written instrument of transfer (which may be endorsed hereon) satisfactory to the Fiscal QB\104917707.1 -3- Agent duly executed by the registered owner or his duly authorized attorney. Thereupon a new fully registered Note in the same aggregate principal amount shall be issued to the new depository in exchange therefor and upon the payment of a charge sufficient to reimburse the Village for any tax, fee or other governmental charge required to be paid with respect to such registration. The Fiscal Agent shall not be obliged to make any transfer of the Notes [(i)] after the Record Date[, (ii) during the fifteen (15) calendar days preceding the date of any publication of notice of any proposed redemption of the Notes, or (iii) with respect to any particular Note, after such Note has been called for redemption]. The Fiscal Agent and Village may treat and consider the Depository in whose name this Note is registered as the absolute owner hereof for the purpose of receiving payment of, or on account of, the principal or redemption price hereof and interest due hereon and for all other purposes whatsoever. The Notes are issuable solely as negotiable, fully-registered Notes without coupons in the denomination of $5,000 or any integral multiple thereof. [This Note shall not be valid or obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Fiscal Agent.] No delay or omission on the part of the owner hereof to exercise any right hereunder shall impair such right or be considered as a waiver thereof or as a waiver of or acquiescence in any default hereunder. QB\104917707.1 -4- IN WITNESS WHEREOF, the Village of Weston, Marathon County, Wisconsin, by its governing body, has caused this Note to be executed for it and in its name by the manual or facsimile signatures of its duly qualified President and Village Clerk; and to be sealed with its official or corporate seal, if any, all as of the original date of issue specified above. VILLAGE OF WESTON MARATHON COUNTY, WISCONSIN By: ______________________________ Mark Maloney President (SEAL) By: ______________________________ Pamela S. Brehm Village Clerk QB\104917707.1 -5- [Date of Authentication: _______________, ______. CERTIFICATE OF AUTHENTICATION This Note is one of the Notes of the issue authorized by the within-mentioned Resolution of the Village of Weston, Marathon County, Wisconsin. _______________________ _________, _____________ By____________________________ Authorized Signatory ] QB\104917707.1 -6- ASSIGNMENT FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto ____________________________________________________________________________ (Name and Address of Assignee) ____________________________________________________________________________ (Social Security or other Identifying Number of Assignee) the within Note and all rights thereunder and hereby irrevocably constitutes and appoints ______________________________________, Legal Representative, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. Dated: _____________________ Signature Guaranteed: _____________________________ ________________________________ (e.g. Bank, Trust Company (Depository or Nominee Name) or Securities Firm) NOTICE: This signature must correspond with the name of the Depository or Nominee Name as it appears upon the face of the within Note in every particular, without alteration or enlargement or any change whatever. ____________________________ (Authorized Officer) REQUEST FOR CONSIDERATION VILLAGE OF WESTON 4747 CAMP PHILLIPS ROAD, WESTON, WI 54476 Public Mtg/Date: Finance & Human Resource Committee and Board of Trustees, Joint Budget Workship Meeting, October 05, 2026 Description: Debt Fund From: Administration and Finance Department Question: Background The Village usually approves a 2-year CIP plan and staff work off of that approved plan to move forward with projects and purchases. We are at the point where we need to borrow to fund the 2026-2027 CIP plan. We just saw the presentation by Greg outlining the items we are borrowing for and the impact on our future levies to fund that borrowing. Attached to this RFC is the budget for Debt Service. The attached includes the estimated debt schedules for the 2026A GO Note and the 2026 Bank Note. Even with the proposed increase in the debt service levy we are still hinting toward a slight decrease in the tax rate. Attached Docs: Debt Service Fund Budget Committee Action: None FISCAL IMPACT: See attached sheets Recommendation: N/A Recommended Language for Official Action Additional action: None. 2026 2027 2025 Y-T-D 2026 2026 Proposed Actual 9/30/2026 Estimate Budget Budget Fund Balance, January 1 453,056 243,875$ 243,875$ 243,875$ 98,453$ REVENUES 30-00-41110-000-000Property Tax Levy 2,158,667 2,763,065 2,763,052 2,763,065 3,324,575 30-00-42300-000-000Special Assessments 9,458 8,121 8,200 7,000 7,000 30-00-49227-000-000Transfer from CDA/TIF District #1 1,548,163 133,090 10,091,180 1,551,180 - 30-00-49228-000-000Transfer from CDA/TIF District #2 157,125 - - - - 30-00-48130-000-000Interest Income 2,079 1,747 1,747 750 750 Total Revenues 3,875,492 2,906,023 12,864,179$ 4,321,995$ 3,332,325$ EXPENDITURES Principal 30-08-58102-612-0002020C GO Notes 205,000 205,000 205,000 205,000 205,000 30-08-58108-611-0002020B GO Bond 80,000 140,000 140,000 140,000 155,000 30-08-58124-612-0002019A GO Notes 344,539 351,792 351,792 351,792 362,672 30-08-58125-612-0002023A GO Bonds 280,000 255,000 255,000 255,000 265,000 30-08-58126-612-0002022A GO Bond 200,000 200,000 200,000 200,000 200,000 30-08-58132-612-0002024A GO Bond 285,000 390,000 390,000 390,000 255,000 30-08-58128-611-0002004B CDA Bonds 150,000 - - - - 30-08-58142-611-0002017A CDA Bonds 1,255,000 - 9,825,000 1,285,000 - 2026 Bank Note ** 400,000 325,303 2026A GO Bonds** 265,000 - - - - Total Principal 2,799,539 1,541,792 11,766,792 2,826,792 2,032,975 Interest 30-08-58302-622-0002020C GO Note 27,573 11,736 19,373 19,373 11,173 30-08-58308-621-0002020B GO Bond 51,002 24,701 46,603 46,603 40,703 30-08-58324-622-0002019A GO Notes 54,147 40,220 40,220 40,220 27,744 30-08-58325-622-0002023A GO Bonds 487,400 474,025 474,025 474,025 461,025 30-08-58326-622-0002022A GO Bond 142,107 138,108 138,108 138,108 134,108 30-08-58332-622-0002024A GO Bond 220,283 134,025 258,300 258,300 242,175 30-08-58328-621-0002004B CDA Bonds 7,125 - - - - 30-08-58342-621-0002017A CDA Bonds 293,162 133,090 266,180 266,180 - 2026 Bank Note** 178,176 2026A GO Bonds** 234,246 - - - - - Total Interest 1,282,799 955,905 1,242,809 1,242,809 1,329,350 Total Expenditures 4,084,673 2,497,697 13,009,601 4,069,601 3,362,325 Excess Revenues Over (Under) Expenditures (209,181) 408,326 (145,422) 252,394 (30,000) Fund Balance, December 31 243,875 652,201 98,453 496,269 68,453 VILLAGE OF WESTON DEBT SERVICE FUND 2027 BUDGET VILLAGE OF WESTON DEBT SERVICE SCHEDULE Village Debt Funded by Debt Service Levy $3,851,579 $2,210,000 2019A G.O. Notes 2020C G.O. Notes Year Principal Interest Principal Interest Due (10/1) 3.765% (11/1) 1-4% 2027 362,672 27,744 205,000 11,173 2028 369,926 16,756 205,000 6,048 2029 373,552 5,604 205,000 3,844 2030 205,000 1,333 1,106,150 50,104 820,000 22,398 $3,155,000 $7,335,000 $11,695,000 2020B G.O. Bonds 2022A G.O. Bonds 2023A G.O. Bonds Principal Interest Principal Interest Principal Interest (10/1) .55% - 2.3% (9/1) 1.85% - 2.55 (2/1) 4-5% 2027 155,000 40,703 200,000 134,107.50 265,000 461,025.00 2028 155,000 34,502 100,000 131,182.50 395,000 444,525.00 2029 130,000 30,655 100,000 129,332.50 450,000 423,400.00 2030 140,000 28,998 160,000 126,807.50 725,000 394,025.00 2031 155,000 26,964 155,000 123,657.50 840,000 354,900.00 2032 155,000 24,639 165,000 120,457.50 875,000 312,025.00 2033 155,000 22,159 205,000 116,655.00 885,000 268,025.00 2034 155,000 19,485 210,000 112,297.50 930,000 222,650.00 2035 155,000 16,695 585,000 103,657.50 600,000 187,400.00 2036 155,000 13,750 575,000 90,753.75 650,000 162,400.00 2037 155,000 10,650 575,000 77,672.50 690,000 135,600.00 2038 155,000 7,550 575,000 64,303.75 730,000 107,200.00 2039 155,000 4,450 580,000 50,587.50 770,000 77,200.00 2040 145,000 1,450 580,000 36,522.50 825,000 45,300.00 2041 580,000 22,167.50 720,000 14,400.00 2042 585,000 7,458.75 2,120,000 282,650 5,930,000 1,447,621 10,350,000 3,610,075.00 $6,150,000 $6,295,000 $4,000,000 2024A GO 2026A GO 2026 Bank Note - Police Building Principal Interest Principal Interest Principal Interest (4/1) 4.00%-5.00% 5.01% 4.69% 2027 255,000 242,175 265,000 234,246 325,303 178,176 2028 260,000 229,300 530,000 257,628 340,639 162,840 2029 265,000 216,175 370,000 242,196 357,669 145,810 2030 270,000 202,800 480,000 227,080 375,052 128,427 2031 395,000 186,175 505,000 209,047 393,280 110,199 2032 405,000 166,175 215,000 195,558 412,119 91,360 2033 405,000 145,925 205,000 187,434 432,423 71,055 2034 420,000 125,300 215,000 179,063 453,440 50,038 2035 280,000 107,800 220,000 170,144 475,478 28,001 2036 280,000 95,200 230,000 160,623 329,730 5,923 2037 280,000 84,000 245,000 150,215 2038 280,000 72,800 255,000 138,873 2039 280,000 61,600 265,000 126,715 2040 280,000 50,400 280,000 113,617 2041 280,000 39,200 295,000 99,468 2042 280,000 28,000 310,000 84,139 2043 280,000 16,800 325,000 67,594 2044 280,000 5,600 345,000 49,800 2045 365,000 30,590 2046 375,000 10,313 5,475,000 2,075,425 6,295,000 2,934,343 3,895,133 971,829 Total Levy Debt Principal Interest 2027 2,032,975 1,329,350 2028 2,355,565 1,282,782 2029 2,251,221 1,197,017 2030 2,355,052 1,109,471 2031 2,443,280 1,010,943 2032 2,227,119 910,215 2033 2,287,423 811,253 2034 2,383,440 708,834 2035 2,315,478 613,698 2036 2,219,730 528,650 2037 1,945,000 458,138 2038 1,995,000 390,727 2039 2,050,000 320,553 2040 2,110,000 247,290 2041 1,875,000 175,236 2042 1,175,000 119,598 2043 605,000 84,394 2044 625,000 55,400 2045 365,000 30,590 2046 375,000 10,313 35,991,283 11,394,445 35,991,283 11,394,445 Total Less: Net Net Wisconsin General Percentage Assets in General Percentage Statutory Obligation of Village's Debt Obligation of Village's Calendar Year Equalized Debt Debt Legal Service Debt Legal Ending 12/31 Valuation Limit Outstanding Debt Limit Fund Outstanding Debt Limit 2013 966,473,000 48,323,650 15,601,554 32.29% (716,680) 14,884,874 30.80% 2014 1,000,982,900 50,049,145 12,890,086 25.75% (530,380) 12,359,706 24.70% 2015 1,031,617,400 51,580,870 10,141,970 19.66% (115,456) 10,026,514 19.44% 2016 1,091,885,500 54,594,275 9,878,097 18.09% - 9,878,097 18.09% 2017 1,125,232,700 56,261,635 7,371,927 13.10% - 7,371,927 13.10% 2018 1,193,258,600 59,662,930 7,232,548 12.12% - 7,232,548 12.12% 2019 1,276,454,100 63,822,705 9,654,529 15.13% (132,848) 9,521,681 14.92% 2020 1,344,927,200 67,246,360 14,867,717 22.11% (267,025) 14,600,692 21.71% 2021 1,402,109,500 70,105,475 21,345,000 30.45% (138,157) 21,206,843 30.25% 2022 1,531,100,600 76,555,030 26,588,200 34.73% 26,588,200 34.73% 2023 1,682,640,200 84,132,010 26,045,000 30.96% 26,045,000 30.96% 2024 1,751,733,000 87,586,650 36,535,000 41.71% (453,056) 36,081,944 41.20% 2025 1,928,048,300 96,402,415 36,935,000 38.31% (239,464) 36,695,536 38.06% 2026 2,092,955,000 104,647,750 49,380,132 47.19% (68,453) 49,311,679 47.12% PRESENT DEBT POLICY: Max. G.O. Debt Limit = 50% VILLAGE OF WESTON, WISCONSIN RATIO OF GENERAL OBLIGATION DEBT OUTSTANDING TO STATUTORY DEBT LIMIT 10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%50.00% - 3,000,000 6,000,000 9,000,000 12,000,000 15,000,000 18,000,000 21,000,000 24,000,000 27,000,000 30,000,000 33,000,000 36,000,000 39,000,000 42,000,000 45,000,000 48,000,000 51,000,000 Debt Debt Limit REQUEST FOR CONSIDERATION VILLAGE OF WESTON 4747 CAMP PHILLIPS ROAD, WESTON, WI 54476 Public Mtg/Date: Finance & Human Resource Committee and Board of Trustees, Joint Budget Workship Meeting, October 05, 2026 Description: 2026-2027 CIP From: Administration and Finance Department Question: Background The Village usually approves a 2-year CIP plan and staff work off of that approved plan to move forward with projects and purchases. We are at the point where we need to borrow to fund the 2026-2027 CIP plan. We just saw the presentation by Greg outlining the items we are borrowing for and the impact on our future levies to fund that borrowing. Attached to this RFC are the Capital Project Fund budgets for 2026 and 2027. At the next meeting we will formally adopt an amended 2026 Capital Funds budget and then approve the 2027 Capital Funds budget that will be part of the 2027 Village budget. Attached Docs: Capital Funds Budget Committee Action: None FISCAL IMPACT: See attached sheets Recommendation: N/A Recommended Language for Official Action Additional action: None. VILLAGE OF WESTON CAPITAL IMPROVEMENTS - FACILITIES FUND 2027 BUDGET SUMMARY FUND 41 - FACILITIES 12/31/2026 2027 PROPOSED PROPOSED BUDGET BUDGET Fund Balance (Deficit), January 1 18,517$ (18,797)$ REVENUES Other Financing Sources 466,245 100,000 Total Revenues 466,245 100,000 EXPENDITURES Public Safety 93,765 0 Parks 409,794 118,000 Total Expenditures 503,559 118,000 Revenues Over(Under) Expenditures (37,314) (18,000) Fund Balance (Deficit), December 31 (18,797) (36,797) VILLAGE OF WESTON CAPITAL IMPROVEMENTS - FACILITIES FUND 2027 BUDGET DETAIL PROPOSED 2027 ACCOUNT 12/31/2026 PROPOSED # ACCOUNT DESCRIPTION BUDGET BUDGET REVENUES OTHER FINANCING SOURCES 41-00-49110-000-000Proceeds from debt 75,000 100,000 41-00-49244-000-000Transfer from Cap Projects - Equipment prior year borrowing 174,336 0 prior year fund balance 216,909 0 OTHER FINANCING SOURCES 466,245 100,000 TOTAL REVENUES 466,245 100,000 EXPENDITURES PUBLIC SAFETY BUILDING 41-07-52110-290-000Capital Improvement 0 0 HVAC 75,000 0 Flooring 18,765 0 PUBLIC SAFETY BUILDING 93,765 0 KENNEDY PARK 41-07-55402-290-000Outside Contracted Services 0 0 PGA pay app 7 and retainage 208,581 0 park furnishings 9,217 0 KENNEDY PARK 217,798 0 AQUATIC CENTER 41-07-55420-290-000Outside Contracted Services Slide maint 3,800 0 Neuman pools leak detection/repair 12,000 100,000 Filter covers/grids 0 18,000 Neuman Pools AC Valves & Pumps 144,336 0 AQUATIC CENTER 160,136 118,000 PARK IMPROVEMENTS 41-07-57629-390-000Park Improvements Playground balance 31,860 0 31,860 0 CAPITAL IMPROVEMENTS - FACILITIES 503,559 118,000 VILLAGE OF WESTON CAPITAL IMPROVEMENTS -STREETS 2027 BUDGET SUMMARY FUND 42 - STREETS 12/31/2026 2027 PROPOSED PROPOSED BUDGET BUDGET Fund Balance (Deficit), January 1 32,505$ - $ REVENUES Intergovernmental 97,553 151,494 Miscellaneous 13,220 0 Other Financing Sources 2,287,722 2,218,497 Total Revenues 2,398,495 2,369,991 EXPENDITURES General Government 0 0 Public Safety 0 0 Public Works 2,431,000 2,298,497 Parks 0 Other Financing Uses 0 0 Total Expenditures 2,431,000 2,298,497 Revenues Over(Under) Expenditures (32,505) 71,494 Fund Balance (Deficit), December 31 -$ 71,494$ VILLAGE OF WESTON CAPITAL IMPROVEMENTS -STREETS 2027 BUDGET DETAIL 4 4 12/31/2026 2026 2027 ACCOUNT PROPOSED PROPOSED # ACCOUNT DESCRIPTION BUDGET BUDGET REVENUES INTERGOVERNMENTAL REVENUE 42-00-43531-000-000State Transportation Grant 97,553 151,494 42-00-43538-000-000State Grant - Other/Bike Trails 0 0 MISCELLANEOUS REVENUE 42-00-48110-001-000Interest 12,820 0 42-00-48309-000-000Sale of Equip/Prop 400 0 42-00-48540-000-000Contributions 0 0 OTHER FINANCING SOURCES 42-00-49110-000-000Proceeds from debt 1,855,000 2,218,497 42-00-49110-010-000Premium on Debt 0 0 42-00-49244-000-000Transfer from Equipment 0 0 Fund balance 26,000 0 Prior years debt 432,722 0 TOTAL REVENUES 2,424,495 2,369,991 VILLAGE OF WESTON CAPITAL IMPROVEMENTS - EQUIPMENT FUND 2027 BUDGET SUMMARY FUND 44 - EQUIPMENT 12/31/2026 2027 PROPOSED PROPOSED BUDGET BUDGET Fund Balance (Deficit), January 1 2,538,449$ $1,942,843 REVENUES Intergovernmental 50,000 0 Public Charges for Services 100,000 100,000 Miscellaneous Income 43,095 0 Other Financing Sources 941,568 752,568 Total Revenues 1,134,663 852,568 EXPENDITURES General Government 16,700 0 Public Safety 334,000 254,320 Public Works 454,602 720,000 Parks 75,000 75,000 Other financing Uses 849,967 0 Total Expenditures 1,730,269 1,049,320 Revenues Over(Under) Expenditures (595,606) (196,752) Fund Balance (Deficit), December 31 1,942,843$ $1,746,091 VILLAGE OF WESTON CAPITAL IMPROVEMENTS - EQUIPMENT FUND 2027 BUDGET DETAIL 2026 2027 ACCOUNT PROPOSED PROPOSED # ACCOUNT DESCRIPTION BUDGET BUDGET REVENUES INTERGOVERNMENTAL REVENUE 44-00-43411-000-000Expenditure restraint 50,000 0 INTERGOVERNMENTAL REVENUE 50,000 0 PUBLIC CHARGES FOR SERVICES 44-00-46311-000-000Equipment Rental 100,000 100,000 PUBLIC CHARGES FOR SERVICES100,000 100,000 MISCELLANEOUS INCOME 44-00-48110-001-000Interest Income 32,800 0 44-00-48309-000-000 Equipment Sale - All Other 10,295 0 MISCELLANEOUS INCOME 43,095 0 OTHER FINANCING SOURCES 44-00-49110-000-000Proceeds from debt 809,000 620,000 44-00-49229-000-000Transfer from Room Tax Fund 132,568 132,568 OTHER FINANCING SOURCES 941,568 752,568 TOTAL REVENUES 1,134,663 852,568 EXPENDITURES 2026 2027 PROPOSED PROPOSED BUDGET BUDGET OTHER GENERAL GOVT OUTLAY 44-07-57190-808-000IT upgrades 10,500 0 44-07-57190-809-000IT upgrades HVAC in server room 6,200 0 GENERAL GOVERNMENT 16,700 0 LAW ENFORCEMENT OUTLAY 44-07-57210-802-000Capital Equipment 100,000 0 LAW ENFORCEMENT 100,000 0 SAFER OUTLAY 234,000 254,320 HIGHWAY EQUIPMENT OUTLAY 44-07-57324-814-000Capital Equipment Ped bridge lighting 100,000 Truck 10 Chassis 177,391 Truck 9 Chassis 177,391 Truck 59 40,000 strobe lights 259 1,293 Front End Loader 250,000 Plow Truck 0 370,000 Misc 50,000 44-07-57324-815-000Shop Equipment 0 0 Cave in Protection 8,527 HIGHWAY EQIUPMENT 454,602 720,000 PARKS EQUIPMENT OUTLAY 44-07-57620-811-000Capital Equipment 75,000 75,000 PARKS EQUIPMENT 75,000 75,000 TRANSFER TO OTHER FUNDS 44-09-59241-900-000Transfer to Facility 391,245 0 44-09-59242-900-000Transfer to Street 458,722 0 TRANSFER TO OTHER FUNDS 849,967 0 CAPITAL IMPROVEMENTS - EQUIPMENT 1,730,269 1,049,320 REQUEST FOR CONSIDERATION VILLAGE OF WESTON 4747 CAMP PHILLIPS ROAD, WESTON, WI 54476 Public Mtg/Date: Finance & Human Resource Committee and Board of Trustees, Joint Budget Workship Meeting, October 05, 2026 Description: Fund Balance From: Administration and Finance Department Question: Background The Village has a Fund balance policy that states the Village will maintain an unassigned fund balance for cash flow in a range equal to 20%-33.33% of the General Fund Operating expenditures of the ensuing budget year. In 2025 the unassigned fund balance decreased by $768,144 because of the advance to TIF 2 for the deficit in the capital projects fund decreasing that percentage from 46.18% in 2024 to 37.58% for 2025. All advances are considered nonspendable funds because they are not available for use. Attached Docs: Fund Balance graph Committee Action: None FISCAL IMPACT: See attached sheets Recommendation: N/A Recommended Language for Official Action Additional action: None. Fund Balance (Nonspendable) General Fund Percent of Reserved for Assigned Budget for Next Year's At Total Inventory/Prepaid for Specific NEXT Operating increase December 31 Fund Balance Items/Advances Purposes Unassigned Year Budget # 13,962 2017 2,616,804 1,417,175 157,500 1,042,129 7,222,056 14.43% # 279,996 2018 2,896,800 1,100,592 53,500 1,742,708 7,593,723 22.95% # 491,604 2019 3,388,404 842,380 19,572 2,526,452 7,768,015 32.52% 170,039 2020 3,558,443 629,756 145,850 2,782,837 7,949,536 35.01% 407,766 2021 3,966,209 198,374 26,500 3,741,335 8,187,241 45.70% 404,041 2022 4,370,250 91,205 27,500 4,251,545 8,511,203 49.95% 27,622 2023 4,397,872 75,954 51,500 4,270,418 9,188,645 46.47% 74,703 2024 4,472,575 12,075 112,500 4,348,000 9,416,197 46.18% 31,458 2025 4,504,033 814,238 57,500 3,632,295 9,665,956 37.58% ** ** Our policy states that the Village will maintain an unassigned fund balance for cash flow in a range equal to 20%-33.33% of Gneral Fund operating expenditures of the ensuing budge year In 2017 $1,417,175 of fund balance was considered nonspendable because the general fund advance money to both for debt, TIF, and SAFER In 2025 $768,144 of fund balance was considered nonspendable because the general fund advance money to TIF #2 VILLAGE OF WESTON HISTORY OF GENERAL FUND BALANCES: 2017-2025 10.00%12.00%14.00%16.00%18.00%20.00%22.00%24.00%26.00%28.00%30.00%32.00%34.00%36.00%38.00%40.00%42.00%44.00%46.00%48.00%50.00%52.00% 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000Fund Balance% of Fund% of Fund Balance to Unassigned Fund Historical Unassigned General Fund REQUEST FOR CONSIDERATION VILLAGE OF WESTON 4747 CAMP PHILLIPS ROAD, WESTON, WI 54476 Public Mtg/Date: Finance & Human Resource Committee and Board of Trustees, Joint Budget Workship Meeting, October 05, 2026 Description: General Fund From: Administration and Finance Department Question: Background At the last meeting it was requested we pull back the amount put in capital for Mountain Bay. In addition to increasing Mountain Bay’s expense by $53,840 we added the reimbursement (revenue) we will receive from Mountain Bay for payment of the building. The excess of the mountain bay reimbursement was put to contingency, an increase of $36,160. Attached Docs: General Fund Budget Committee Action: None FISCAL IMPACT: See attached sheets Recommendation: N/A Recommended Language for Official Action Additional action: None. VILLAGE OF WESTON REVENUE AND EXPENDITURE SUMMARY 2027 OPERATING BUDGET - General Fund only 2026 2027 2025 Y-T-D 2026 2026 PROPOSED BUDGET ACCOUNT DESCRIPTION ACTUAL 6/30/2026 ESTIMATE BUDGET BUDGET CHANGE Property Taxes 5,601,967 5,733,358 5,733,357 5,733,357 6,561,401 828,044 14.44% Other Taxes 549,248 400,254 527,490 523,090 523,040 (50) -0.01% Special Assessments 5,965 4,350 5,500 5,500 5,500 0 0.00% Intergovernmental Revenues 2,556,503 1,287,670 2,738,372 2,706,965 2,895,126 188,161 6.95% Licenses & Permits 408,417 284,194 343,002 367,960 358,665 (9,295) -2.53% Fines and Forfeitures 115,340 76,631 102,340 32,600 102,600 70,000 214.72% Public Charges for Services 17,702 14,554 14,720 30,450 30,425 (25) -0.08% Intergov't Charges for Services 84,914 80,031 85,740 70,550 80,550 10,000 14.17% Miscellaneous Revenue 432,108 228,333 230,797 144,984 232,600 87,616 60.43% Other Financing Sources 9,536 2,031 2,031 500 1,000 500 100.00% Applied Fund Balances 0 0 0 50,000 0 (50,000) -100.00% TOTAL REVENUES 9,781,700 8,111,406 9,783,349 9,665,956 10,790,907 1,124,951 Percent Budget Change11.64% EXPENDITURES General Government 1,266,556 863,220 1,303,929 1,277,675 1,446,867 169,192 13.24% Public Safety 4,933,852 3,865,563 5,234,196 5,253,040 5,843,116 590,076 11.23% Public Works 2,257,219 1,155,678 2,205,743 2,217,683 2,448,664 230,981 10.42% Health & Human Services 7,345 9,878 9,878 8,000 8,000 0 0.00% Culture & Recreation 519,212 354,545 562,873 571,531 598,729 27,198 4.76% Conservation & Development238,692 154,962 272,947 296,568 362,911 66,343 22.37% Miscellaneous 0.00% Other Financing Uses 527,360 0 27,000 25,000 30,000 5,000 20.00% Contingency Reserve 0 0 0 16,459 52,620 36,161 219.70% Total Expenditures 9,750,236 6,403,846 9,616,566 9,665,956 10,790,907 1,124,951 Percent Budget Change 11.64% VILLAGE OF WESTON 2027 BUDGET SUMMARY 2026 2026 2027 2027 2027 2025 Y-T-D 2026 Amended Dept. Dollar % Budget Budget Account Actual 8/31/2026 Estimate Budget Request Change Change GENERAL GOVERNMENT Personnel Services 56,233 32,789 61,654 62,345 61,945 (400) Contractual Services 240 455 455 150 400 250 Supplies & Materials 309 219 300 1,025 750 (275) Board Trustees 56,782 33,463 62,409 63,520 63,095 (425) Supplies & Materials 6,553 3,301 6,700 7,100 8,300 1,200 Municipality Dues 6,553 3,301 6,700 7,100 8,300 1,200 Village Board 63,335 $ 36,764$ 69,109$ 70,620$ 71,395$ 775 $ 1.10% Personnel Services 1,025 - 1,078 1,078 1,079 1 Supplies & Materials - - - - - - Personnel Committee 1,025 - 1,078 1,078 1,079 1 Personnel Services - 58 60 50 50 - Supplies & Materials 168 147 150 250 250 - Board of Review 168 205 210 300 300 - General Gov Committees 1,193$ 205$ 1,288$ 1,378$ 1,379$ 1 $ 0.07% Everest Metro Municipal Court 57,199 37,673 60,000 - 60,000 60,000 Municipal Court 57,199 $ 37,673$ 60,000$ - $ 60,000$ 60,000$ #DIV/0! Contractual Services 29,884 12,724 30,000 40,000 40,000 - Village Attorney 29,884 $ 12,724$ 30,000$ 40,000$ 40,000$ - $ 0.00% Personnel Services 62,243 40,768 63,887 64,780 124,067 59,287 Contractual Services 501 389 600 1,630 1,630 - Supplies & Materials 2,639 1,475 3,945 8,140 8,500 360 Administrator 65,383 $ 42,632$ 68,432$ 74,550$ 134,197$ 59,647$ 80.01% Personnel Services 255,602 152,755 235,633 235,035 243,083 8,048 Contractual Services 907 4,199 4,199 1,250 4,500 3,250 Supplies & Materials 3,252 1,526 3,060 8,500 8,050 (450) Clerk's Office 259,761 158,480 242,892 244,785 255,633 10,848 Personnel Services 1,477 - - 700 - (700) Contractual Services 4,880 623 650 1,000 1,000 - Supplies & Materials 1,925 1,818 3,000 3,585 3,585 - Personnel/Human Resources 8,282 2,441 3,650 5,285 4,585 (700) Personnel Services 17,110 19,934 55,320 60,340 36,503 (23,837) Contractual Services 695 200 500 1,200 800 (400) Supplies & Materials 7,803 4,870 18,838 24,200 13,700 (10,500) Capital Outlay 10,109 - - - 17,000 17,000 Elections 35,717 25,004 74,658 85,740 68,003 (17,737) Contractual Services - - - - - - Supplies & Materials 24,963 12,520 25,485 29,500 29,000 (500) Newsletter 24,963 12,520 25,485 29,500 29,000 (500) Clerk's Office / H/R 328,723 $ 198,445$ 346,685$ 365,310$ 357,221$ (8,089)$ -2.21% Personnel Services 75,048 50,153 78,340 78,158 81,829 3,671 Contractual Services 862 9 - 1,050 1,050 - Supplies & Materials 1,808 - - 3,275 3,275 - Capital Outlay - - - - - - IT Director 77,718 50,162 78,340 82,483 86,154 3,671 VILLAGE OF WESTON 2027 BUDGET SUMMARY 2026 2026 2027 2027 2027 2025 Y-T-D 2026 Amended Dept. Dollar % Budget Budget Account Actual 8/31/2026 Estimate Budget Request Change Change Personnel Services 269 - 350 350 350 - Contractual Services 105,610 118,252 129,720 100,306 108,836 8,530 Supplies & Materials 20,782 13,015 20,930 26,089 25,450 (639) Capital Outlay 12,133 11,090 15,000 15,000 15,000 - Data Processing/Central Services 138,794 142,357 166,000 141,745 149,636 7,891 Information Technology 216,512$ 192,519$ 244,340$ 224,228$ 235,790$ 11,562$ 5.16% Personnel Services 184,307 123,662 189,308 191,190 213,456 22,266 Contractual Services 1,800 210 300 1,200 300 (900) Supplies & Materials 2,089 909 5,670 5,620 5,190 (430) Administration 188,196 124,781 195,278 198,010 218,946 20,936 Contractual Services 15,223 13,819 - 13,200 20,200 7,000 Supplies & Materials 191 - 300 500 500 - Financial Audit/Budget Exp 15,414 13,819 300 13,700 20,700 7,000 Personnel Services 6,225 7,074 8,364 8,624 8,380 (244) Contractual Services - - - - - - Supplies & Materials 5,637 744 6,980 7,400 7,400 - Tax Collection 11,862 7,818 15,344 16,024 15,780 (244) Contractual Services 103,258 100,657 105,000 105,600 119,600 14,000 Risk Management/Insurance 103,258 100,657 105,000 105,600 119,600 14,000 Personnel Services 1,401 - 1,078 970 1,079 109 Supplies & Materials - - - 20 20 - Finance Committee 1,401 - 1,078 990 1,099 109 Finance 320,131 $ 247,075$ 317,000$ 334,324$ 376,125$ 41,801$ 12.50% Contractual Services 44,053 24,284 59,240 52,105 55,200 3,095 Supplies & Materials 172 186 186 600 600 - Village Assessor 44,225 $ 24,470$ 59,426$ 52,705$ 55,800$ 3,095$ 5.87% Personnel Services 8,781 5,521 5,630 - - 0 Contractual Services 122,990 60,421 95,000 105,960 106,360 400 Supplies & Materials 6,620 4,458 6,419 7,300 7,300 - Capital Outlay 176 - - - - - Municipal Building 138,567 $ 70,400$ 107,049$ 113,260$ 113,660$ 400 $ 0.35% Supplies & Materials 1,404 313 600 1,300 1,300 - Illegal Taxes/Tax Refunds 1,404$ 313$ 600$ 1,300$ 1,300$ - $ 0.00% Total General Government 1,266,556$ 863,220$ 1,303,929$ 1,277,675$ 1,446,867$ 169,192$ 13.24% PUBLIC SAFETY Operations 3,376,067 2,585,262 3,480,349 3,480,349 3,641,599 161,250 EMPD/Mountain Bay Police 3,376,067$ 2,585,262$ 3,480,349$ 3,480,349$ 3,641,599$ 161,250$ 4.63% VILLAGE OF WESTON 2027 BUDGET SUMMARY 2026 2026 2027 2027 2027 2025 Y-T-D 2026 Amended Dept. Dollar % Budget Budget Account Actual 8/31/2026 Estimate Budget Request Change Change Operations 1,289,742 1,109,458 1,479,277 1,479,277 1,904,393 425,116 SAFER 1,289,742 $ 1,109,458$ 1,479,277$ 1,479,277$ 1,904,393$ 425,116$ 28.74% Personnel Services 236,971 156,911 248,089 256,505 260,752 4,247 Contractual Services 2,022 1,262 2,200 5,200 5,200 - Supplies & Materials 6,990 3,700 7,315 9,665 9,665 - Capital Outlay - - - - - - Building Inspector 245,983 161,873 257,604 271,370 275,617 4,247 Contractual Services 6,000 6,000 6,000 6,200 6,200 - Weights & Measures 6,000 6,000 6,000 6,200 6,200 - Building Inspections 251,983$ 167,873$ 263,604$ 277,570$ 281,817$ 4,247$ 1.53% Personnel Services 1,725 - 2,156 2,694 2,157 (537) Supplies & Materials - - - - - - Community Life/Public Safety Committee1,725$ - $ 2,156$ 2,694$ 2,157$ (537)$ -19.93% Contractual Services 7,606 2,175 4,510 6,500 6,500 - Supplies & Materials 3,724 122 2,500 4,000 4,000 - Public Safety Building Maintenance 11,330$ 2,297$ 7,010$ 10,500$ 10,500$ - $ 0.00% Contractual Services 80 - 100 250 250 - Village Public Safety 80 $ -$ 100$ 250$ 250$ - $ 0.00% Contractual Services 2,925 673 1,700 2,400 2,400 - Warning Sirens 2,925 $ 673$ 1,700$ 2,400$ 2,400$ - $ 0.00% Public Safety 4,933,852$ 3,865,563$ 5,234,196$ 5,253,040$ 5,843,116$ 590,076$ 11.23% PUBLIC WORKS Personnel Services 12,475 10,327 15,071 12,660 50,283 37,623 Contractual Services 3,814 200 3,500 3,950 3,750 (200) Supplies & Materials 1,108 419 1,152 1,900 1,900 - Director of Public Works 17,397 10,946 19,723 18,510 55,933 37,423 Personnel Services 43,763 17,150 7,860 7,925 8,251 326 Contractual Services 450 425 600 600 600 - Supplies & Materials 359 340 340 1,100 1,100 - Engineer 44,572 17,915 8,800 9,625 9,951 326 Personnel Services 29,391 20,345 27,315 27,389 41,601 14,212 Contractual Services 1,915 1,865 2,065 2,600 2,600 - Supplies & Materials 2,409 - 300 1,750 1,750 - Street Superintendent 33,715 22,210 29,680 31,739 45,951 14,212 Personnel Services 498,450 360,418 528,699 517,081 604,182 87,101 Contractual Services 756,957 75,494 685,950 712,625 766,125 53,500 Supplies & Materials 215,936 147,310 227,380 205,650 225,650 20,000 Capital Outlay - - - - - - Street Operations 1,471,343 583,222 1,442,029 1,435,356 1,595,957 160,601 Contractual Services 21,266 31,069 45,000 37,500 37,500 - Supplies & Materials 118 1,613 2,500 2,500 2,500 - Traffic Control 21,384 32,682 47,500 40,000 40,000 - Personnel Services 206,422 168,319 209,377 197,669 217,897 20,228 Contractual Services 110,555 137,735 140,466 159,700 159,700 - Supplies & Materials 56,503 21,005 50,750 50,950 50,950 - Winter Maintenance 373,480 327,059 400,593 408,319 428,547 20,228 Personnel Services 39,138 7,905 8,988 8,956 9,452 496 Contractual Services 11,211 13,366 14,000 15,000 15,000 - Supplies & Materials - - - - - - VILLAGE OF WESTON 2027 BUDGET SUMMARY 2026 2026 2027 2027 2027 2025 Y-T-D 2026 Amended Dept. Dollar % Budget Budget Account Actual 8/31/2026 Estimate Budget Request Change Change Hard Materials Handling 50,349 21,271 22,988 23,956 24,452 496 Personnel Services 4,174 - - - - - Contractual Services 4,970 1,736 2,000 9,840 9,840 - Street Irrigation Maintenance 9,144 1,736 2,000 9,840 9,840 - Personnel Services 5,311 2,571 7,905 9,521 8,292 (1,229) Contractual Services - - - - - - Street Operations-Town of Weston 5,311 2,571 7,905 9,521 8,292 (1,229) Personnel Services 21,880 12,427 14,628 17,196 16,120 (1,076) Winter Maintenance-Town of Weston 21,880 12,427 14,628 17,196 16,120 (1,076) Personnel Services 1,752 118 - - - - Contractual Services 206,375 123,521 209,000 212,500 212,500 - Supplies & Materials - - - 500 500 - Street Lighting 208,127 123,639 209,000 213,000 213,000 - Public Works 2,256,702$ 1,155,678$ 2,204,846$ 2,217,062$ 2,448,043$ 230,981$ 10.42% represents street maint & salt Other Public Works Personnel Services 1,779 - 2,142 2,142 2,143 1 Supplies & Materials - - - - - - Other Uses (1,262) - (1,245) (1,521) (1,522) (1) Public Works/Utilities Committee 517 - 897 621 621 - Total Public Works 2,257,219$ 1,155,678$ 2,205,743$ 2,217,683$ 2,448,664$ 230,981$ 10.42% HEALTH & HUMAN SERVICES Public Health Services Contractual Services 7,345 9,878 9,878 8,000 8,000 - Pet Licensing 7,345 9,878 9,878 8,000 8,000 - Total Health & Human Services 7,345$ 9,878$ 9,878$ 8,000$ 8,000$ -$ 0.00% CULTURE AND RECREATION Personnel Services 308,013 212,133 374,838 374,028 394,971 20,943 Contractual Services 1,045 1,000 1,500 1,500 1,500 - Supplies & Materials 2,512 656 3,486 3,550 3,950 400 Administration 311,570 213,789 379,824 379,078 400,421 21,343 Personnel Services 32,348 38,744 48,580 50,494 50,043 (451) Contractual Services 43,356 29,686 43,880 50,850 50,850 - Supplies & Materials 18,980 15,068 22,500 27,500 27,500 - Parks Maintenance 94,684 83,498 114,960 128,844 128,393 (451) Personnel Services 37,271 22,833 53,967 45,376 56,549 11,173 Supplies & Materials 8,163 4,087 9,000 9,000 9,000 - ROW Mowing 45,434 26,920 62,967 54,376 65,549 11,173 Contractual Services - 5,286 - - - - Landscaping/Accident Maint - 5,286 - - - - Personnel Services 22,016 5,157 - - - - Contractual Services 161 - - - - - Supplies & Materials 592 - - - - - Park Mowing 22,769 5,157 - - - - VILLAGE OF WESTON 2027 BUDGET SUMMARY 2026 2026 2027 2027 2027 2025 Y-T-D 2026 Amended Dept. Dollar % Budget Budget Account Actual 8/31/2026 Estimate Budget Request Change Change Personnel Services 32,869 14,821 - - - - Pool 32,869 14,821 - - - - Personnel Services 8,314 3,757 354 354 356 2 Tree City 8,314 3,757 354 354 356 2 Personnel Services - - - 4,421 - (4,421) Contractual Services 1,120 762 1,400 1,300 1,300 - Supplies & Materials 16 - 450 450 450 - Ice Rinks 1,136 762 1,850 6,171 1,750 (4,421) Culture and Recreation 516,776$ 353,990$ 559,955$ 568,823$ 596,469$ 27,646$ 4.86% Other Park & Recreation Personnel Services 2,436 555 2,918 2,708 2,260 (448) Supplies & Materials - - - - - - Park & Recreation Committee 2,436 555 2,918 2,708 2,260 (448) Total Culture and Recreation 519,212$ 354,545$ 562,873$ 571,531$ 598,729$ 27,198$ 4.76% COMMUNITY DEVELOPMENT Personnel Services 204,465 137,943 223,306 243,046 309,487 66,441 Contractual Services 4,025 2,930 3,000 4,500 4,500 - Supplies & Materials 3,856 1,295 2,555 3,900 3,900 - Capital Outlay - - - - - - Planning & Development 212,346 142,168 228,861 251,446 317,887 66,441 Personnel Services 2,134 - 5,174 5,174 5,176 2 Contractual Services 645 450 450 450 450 - Supplies & Materials 2,084 832 1,800 1,950 1,850 (100) Planning Commission 4,863 1,282 7,424 7,574 7,476 (98) Personnel Services - - 754 755 755 - Contractual Services - - - 60 60 - Supplies & Materials - - - 275 275 - Zoning Board of Appeals - - 754 1,090 1,090 - Personnel Services 841 - 808 808 808 - Contractual Services - - - 150 150 - Supplies & Materials 379 33 100 500 500 - Extraterritorial Zoning Committee 1,220 33 908 1,458 1,458 - Contractual Services 20,263 11,479 35,000 35,000 35,000 - Supplies & Materials - - - - - - Comprehensive Planning 20,263 11,479 35,000 35,000 35,000 - Total Community Development 238,692$ 154,962$ 272,947$ 296,568$ 362,911$ 66,343$ 22.37% MISCELLANEOUS Other Uses 527,360 - 27,000 25,000 30,000 5,000 Transfers to Other Funds 527,360 - 27,000 25,000 30,000 5,000 Personnel Services - - - 15,000 15,000 - Supplies & Materials - - - 1,459 37,620 36,161 Contingency - - - 16,459 52,620 36,161 Miscellaneous 527,360$ -$ 27,000$ 41,459$ 82,620$ 41,161$ 99.28% TOTAL GENERAL FUND BUDGET 9,750,236$ 6,403,846$ 9,616,566$ 9,665,956$ 10,790,907$ 1,124,951$ 11.64% 1,124,951$ Budget Increase REQUEST FOR CONSIDERATION VILLAGE OF WESTON 4747 CAMP PHILLIPS ROAD, WESTON, WI 54476 Public Mtg/Date: Finance & Human Resource Committee and Board of Trustees, Joint Budget Workship Meeting, October 05, 2026 Description: Refuse/Recycling Fund From: Administration and Finance Department Question: Background We talked about the refuse/recycling fund a while ago, since then the diesel prices have risen quite a bit. We have a few different options for rate increases. One represents an increase of $19.50 the other is an increase of $24.50 and $30.50. The budget for this fund has a lot of estimates, and we are not confident with them. There is no good guess on where diesel prices are going, and it is not clear what the state is going to do with the DOT rates for equipment. Both have significant impacts on the expenses in the fund. We do not have to pick one or the other for options but have a discussion during the meeting. We can bring up the spreadsheet to show the impact of different rate options. We also can wait till budget adoption- the 3rd Monday in October for the final decision. Attached Docs: Refuse recycling possible rates Committee Action: None FISCAL IMPACT: See attached sheets Recommendation: N/A Recommended Language for Official Action Additional action: None. Leave rate the same, proposed 2027 Fund Balance ($94,531) Proposed 2027 Fund Balance $5,172 Proposed 2027 Fund Balance $30,737 Proposed 2027 Fund Balance $61,415 REQUEST FOR CONSIDERATION VILLAGE OF WESTON 4747 CAMP PHILLIPS ROAD, WESTON, WI 54476 Public Mtg/Date: Finance & Human Resource Committee and Board of Trustees, Joint Budget Workship Meeting, October 05, 2026 Description: 2027 Compensation From: Administrator and Department Directors Question: Would the Committee and Board support establishing a total budget for 2027 wage adjustments and authorizing the Village Administrator, in consultation with department directors, to allocate those funds based on employee performance reviews and each employee’s placement within the pay matrix? Background Staff developed three options for 2027 wage increases as asked at the last meeting. Even though each option distributes the increases differently, the total cost is similar, approximately $156,000 to $162,500 (Includes all funds). Department directors generally support a blended approach using all scenarios because it would allow the Village to recognize performance while also addressing employee placement within the pay matrix and maintaining internal pay equity. Also attached to this RFC is the pay matrix increased by different percentages as requested by the board/committee. Depending on discussion/action, some agenda items regarding wages, like #7-9, may or may not been necessary. Additionally, if more specific wage discussion is necessary, a Closed Session is included on the agenda. Attached Docs: Examples Committee Action: None. REQUEST FOR CONSIDERATION VILLAGE OF WESTON 4747 CAMP PHILLIPS ROAD, WESTON, WI 54476 FISCAL IMPACT: Estimated fiscal impact: $156,000–$162,500 across all funds. Recommendation: N/A Recommended Language for Official Action Additional action: None. Scenario 1 Flat 3% increase - potential for merit increase depending upon review Position 2026 Rate 2026 salary 2027 Rate 3% CPI increase 2027 salary 2027 Mid- Point (with 3% wage increase) increase rate below mid-point 1.03 Position H 26.70$ 55,536.00$ 27.50$ 57,200.00$ 29.58$ 0.80$ 2.08$ 1,664.00$ Scenario 2 Flat 3% increase base on the midpoint wage- potential for merit increase depending upon review Position 2026 Rate 2026 salary 2027 Rate 3% CPI increase based of Mid-Point2027 salary 2027 Mid- Point (with 3% wage increase) increase rate below mid-point 0.03 Position H 26.70$ 55,536.00$ 27.59$ 57,387.20$ 29.58$ 0.89$ 1.99$ 1,851.20$ Scenario 3 A 1% increase base on the 2026 rate, an additional increase of 75% of the variance betweeen the cpi adjusted rate and the market rate Position 2026 Rate 2026 salary 2027 Rate 1% CPI increase based of Mid-Point 75% of variance from market increase 2027 Rate2027 salary 2027 Mid- Point (with 3% wage increase) increase rate below mid-point 1.01 0.75 Position H 26.70$ 55,536.00$ 26.97$ 1.96 28.93$ 60,174.40$ 29.58$ 2.23$ 0.65$ 4,638.40$ Scenario 1 Flat 3% increase - potential for merit increase depending upon review Position 2026 Rate 2026 salary 2027 Rate 3% CPI increase 2027 salary increase 2027 Mid- Point (with 3% wage increase) rate below (above)mi d-point 1.03 Position K 37.00$ 76,960.00$ 38.11 $ 79,268.80$ 1.11$ 37.64$ (0.47)$ 2,308.80$ Scenario 2 Flat 3% increase base on the midpoint wage- potential for merit increase depending upon review Position 2026 Rate 2026 salary 2027 Rate 3% CPI increase based of Mid-Point2027 salary increase 2027 Mid- Point (with 3% wage increase) rate below mid-point 3% Position K 37.00$ 76,960.00$ 38.13 $ 79,310.40$ 1.13$ 37.64$ (0.49)$ 2,350.40$ Scenario 3 A 1% increase base on the 2026 rate, an additional increase of 75% of the variance betweeen the cpi adjusted rate and the market rate Position 2026 Rate 2026 salary 2027 Rate 1% CPI increase based of Mid-Point 75% of variance from market increase 2027 Rate2027 salary increase 2027 Mid- Point (with 3% wage increase) rate below mid-point 1.01 0.75 Position K 37.00$ 76,960.00$ 37.37 $ 0.20 37.57$ 78,145.60$ 0.57 $ 37.64$ 0.07$ 1,185.60$ Market AVG Grade Position Minimum Mid-Point Maximum Administrator 124,107.54 $ 141,837.19$ 170,204.63$ 59.67$ 68.19$ 81.83$ 114,050.68$ 130,343.63$ 156,412.36$ 54.83$ 62.67$ 75.20$ Director of Public Works 103,993.80 $ 118,850.06$ 142,620.07$ 50.00$ 57.14$ 68.57$ 99,084.35$ 113,239.26$ 135,887.11$ 47.64$ 54.44$ 65.33$ Director of Finance 94,174.89$ 107,628.45$ 129,154.14$ Director of Planning & Development 45.28$ 51.74$ 62.09$ Director of GIS & Technology 90,418.20 $ 103,335.08$ 124,002.10$ Director of Parks & Recreation 43.47 $ 49.68$ 59.62$ N Deputy Director of Public Works 86,733.40 $ 99,123.89$ 118,948.67$ Utility Superintendent 41.70 $ 47.66$ 57.19$ Staff Engineer M Street Superintendent 82,650.26 $ 94,457.44$ 113,348.93$ 39.74$ 45.41$ 54.49$ L Clerk 76,798.71 $ 87,769.95$ 105,323.94$ Building Inspector/Building Manager 36.92 $ 42.20$ 50.64$ K Fleet Foreman 67,834.33 $ 77,524.95$ 93,029.94$ Street Foreman 32.61 $ 37.27$ 44.73$ Q VILLAGE OF WESTON, WISCONSIN DRAFT PAY PLAN 2027 - 2% T S R P O Property/Residential Inspector Utility Foreman Aquatic Center Manager AP, Payroll and HR Specialist Deputy Director of Finance Associate Planner Engineering Technician 62,134.13 $ 71,010.43$ 85,212.52$ Utility Senior Operator 29.87 $ 34.14$ 40.97$ Mechanic Public Works Crew Leader Assistant Planner Assistant Zoning Administrator/Code Enforcement Officer Arborist/Forester 56,515.08 $ 64,588.66$ 77,506.39$ Utility Operator 27.17 $ 31.05$ 37.26$ Public Works Senior Operator Planning/Development Technician 53,309.99 $ 60,925.70$ 73,110.84$ Public Works Operator 25.63 $ 29.29$ 35.15$ Administrative Support Specialist/Deputy Clerk 3 Utility Clerk Utility Maintainer Public Works Maintainer 47,386.66 $ 54,156.18$ 64,987.42$ Administrative Support Specialist/Deputy Clerk 2 22.78$ 26.04$ 31.24$ Finance Support Specialist Administrative Support Specialist/Deputy Clerk 1 41,463.33$ 47,386.66$ 56,863.99$ 19.93$ 22.78$ 27.34$ E 38,136.52 $ 43,584.59$ 52,301.51$ 18.33$ 20.95$ 25.14$ D Seasonal Maintenance Worker 35,540.00 $ 40,617.14$ 48,740.57$ Office Assistant 17.09 $ 19.53$ 23.43$ H J I G F Market AVG Grade Position Minimum Mid-Point Maximum Administrator 124,715.91 $ 142,532.47$ 171,038.96$ 59.96$ 68.53$ 82.23$ 114,609.75$ 130,982.57$ 157,179.08$ 55.10$ 62.97$ 75.57$ Director of Public Works 104,503.58 $ 119,432.66$ 143,319.19$ 50.24$ 57.42$ 68.90$ 99,570.06$ 113,794.35$ 136,553.22$ 47.87$ 54.71$ 65.65$ Director of Finance 94,636.54$ 108,156.04$ 129,787.25$ Director of Planning & Development 45.50$ 52.00$ 62.40$ Director of GIS & Technology 90,861.42 $ 103,841.62$ 124,609.94$ Director of Parks & Recreation 43.68 $ 49.92$ 59.91$ N Deputy Director of Public Works 87,158.57 $ 99,609.79$ 119,531.75$ Utility Superintendent 41.90 $ 47.89$ 57.47$ Staff Engineer M Street Superintendent 83,055.40 $ 94,920.46$ 113,904.55$ 39.93$ 45.63$ 54.76$ L Clerk 77,175.17 $ 88,200.19$ 105,840.23$ Building Inspector/Building Manager 37.10 $ 42.40$ 50.88$ K Fleet Foreman 68,166.85 $ 77,904.97$ 93,485.96$ Street Foreman 32.77 $ 37.45$ 44.95$ Q VILLAGE OF WESTON, WISCONSIN DRAFT PAY PLAN 2027 - 2.5% T S R P O Property/Residential Inspector Utility Foreman Aquatic Center Manager AP, Payroll and HR Specialist Deputy Director of Finance Associate Planner Engineering Technician 62,438.71 $ 71,358.52$ 85,630.22$ Utility Senior Operator 30.02 $ 34.31$ 41.17$ Mechanic Public Works Crew Leader Assistant Planner Assistant Zoning Administrator/Code Enforcement Officer Arborist/Forester 56,792.12 $ 64,905.28$ 77,886.34$ Utility Operator 27.30 $ 31.20$ 37.45$ Public Works Senior Operator Planning/Development Technician 53,571.32 $ 61,224.36$ 73,469.23$ Public Works Operator 25.76 $ 29.43$ 35.32$ Administrative Support Specialist/Deputy Clerk 3 Utility Clerk Utility Maintainer Public Works Maintainer 47,618.94 $ 54,421.65$ 65,305.98$ Administrative Support Specialist/Deputy Clerk 2 22.89$ 26.16$ 31.40$ Finance Support Specialist Administrative Support Specialist/Deputy Clerk 1 41,666.58$ 47,618.95$ 57,142.74$ 20.03$ 22.89$ 27.47$ E 38,323.46 $ 43,798.24$ 52,557.89$ 18.42$ 21.06$ 25.27$ D Seasonal Maintenance Worker 35,714.22 $ 40,816.25$ 48,979.50$ Office Assistant 17.17 $ 19.62$ 23.55$ H J I G F Market AVG Grade Position Minimum Mid-Point Maximum Administrator 125,324.28 $ 143,227.75$ 171,873.30$ 60.25$ 68.86$ 82.63$ 115,168.82$ 131,621.51$ 157,945.81$ 55.37$ 63.28$ 75.94$ Director of Public Works 105,013.35 $ 120,015.26$ 144,018.31$ 50.49$ 57.70$ 69.24$ 100,055.77$ 114,349.45$ 137,219.34$ 48.10$ 54.98$ 65.97$ Director of Finance 95,098.18$ 108,683.63$ 130,420.36$ Director of Planning & Development 45.72$ 52.25$ 62.70$ Director of GIS & Technology 91,304.65 $ 104,348.17$ 125,217.80$ Director of Parks & Recreation 43.90 $ 50.17$ 60.20$ N Deputy Director of Public Works 87,583.73 $ 100,095.69$ 120,114.83$ Utility Superintendent 42.11 $ 48.12$ 57.75$ Staff Engineer M Street Superintendent 83,460.55 $ 95,383.49$ 114,460.19$ 40.13$ 45.86$ 55.03$ L Clerk 77,551.64 $ 88,630.44$ 106,356.53$ Building Inspector/Building Manager 37.28 $ 42.61$ 51.13$ K Fleet Foreman 68,499.38 $ 78,285.00$ 93,942.00$ Street Foreman 32.93 $ 37.64$ 45.16$ P O Q VILLAGE OF WESTON, WISCONSIN DRAFT PAY PLAN 2027 - 3% T S R Property/Residential Inspector Utility Foreman Aquatic Center Manager AP, Payroll and HR Specialist Deputy Director of Finance Associate Planner Engineering Technician 62,743.28 $ 71,706.61$ 86,047.93$ Utility Senior Operator 30.17 $ 34.47$ 41.37$ Mechanic Public Works Crew Leader Assistant Planner Assistant Zoning Administrator/Code Enforcement Officer Arborist/Forester 57,069.15 $ 65,221.89$ 78,266.27$ Utility Operator 27.44 $ 31.36$ 37.63$ Public Works Senior Operator Planning/Development Technician 53,832.63 $ 61,523.01$ 73,827.61$ Public Works Operator 25.88 $ 29.58$ 35.49$ Administrative Support Specialist/Deputy Clerk 3 Utility Clerk Utility Maintainer Public Works Maintainer 47,851.23 $ 54,687.12$ 65,624.54$ Administrative Support Specialist/Deputy Clerk 2 23.01$ 26.29$ 31.55$ Finance Support Specialist Administrative Support Specialist/Deputy Clerk 1 41,869.84$ 47,851.24$ 57,421.49$ 20.13$ 23.01$ 27.61$ E 38,510.40 $ 44,011.89$ 52,814.27$ 18.51$ 21.16$ 25.39$ D Seasonal Maintenance Worker 35,888.43 $ 41,015.35$ 49,218.42$ Office Assistant 17.25 $ 19.72$ 23.66$ H G F J I Market AVG Grade Position Minimum Mid-Point Maximum Administrator 125,932.65 $ 143,923.03$ 172,707.64$ 60.54$ 69.19$ 83.03$ 115,727.89$ 132,260.45$ 158,712.54$ 55.64$ 63.59$ 76.30$ Director of Public Works 105,523.13 $ 120,597.86$ 144,717.43$ 50.73$ 57.98$ 69.58$ 100,541.47$ 114,904.54$ 137,885.45$ 48.34$ 55.24$ 66.29$ Director of Finance 95,559.82$ 109,211.22$ 131,053.46$ Director of Planning & Development 45.94$ 52.51$ 63.01$ Director of GIS & Technology 91,747.87 $ 104,854.71$ 125,825.65$ Director of Parks & Recreation 44.11 $ 50.41$ 60.49$ N Deputy Director of Public Works 88,008.89 $ 100,581.59$ 120,697.91$ Utility Superintendent 42.31 $ 48.36$ 58.03$ Staff Engineer M Street Superintendent 83,865.71 $ 95,846.52$ 115,015.82$ 40.32$ 46.08$ 55.30$ L Clerk 77,928.10 $ 89,060.68$ 106,872.82$ Building Inspector/Building Manager 37.47 $ 42.82$ 51.38$ K Fleet Foreman 68,831.89 $ 78,665.02$ 94,398.02$ Street Foreman 33.09 $ 37.82$ 45.38$ VILLAGE OF WESTON, WISCONSIN DRAFT PAY PLAN 2027 - 3.5% T S R Q P O Property/Residential Inspector Utility Foreman Aquatic Center Manager AP, Payroll and HR Specialist Deputy Director of Finance Associate Planner Engineering Technician 63,047.86 $ 72,054.70$ 86,465.64$ Utility Senior Operator 30.31 $ 34.64$ 41.57$ Mechanic Public Works Crew Leader Assistant Planner Assistant Zoning Administrator/Code Enforcement Officer Arborist/Forester 57,346.19 $ 65,538.50$ 78,646.20$ Utility Operator 27.57 $ 31.51$ 37.81$ Public Works Senior Operator Planning/Development Technician 54,093.96 $ 61,821.67$ 74,186.00$ Public Works Operator 26.01 $ 29.72$ 35.67$ Administrative Support Specialist/Deputy Clerk 3 Utility Clerk Utility Maintainer Public Works Maintainer 48,083.52 $ 54,952.59$ 65,943.11$ Administrative Support Specialist/Deputy Clerk 2 23.12$ 26.42$ 31.70$ Finance Support Specialist Administrative Support Specialist/Deputy Clerk 1 42,073.08$ 48,083.52$ 57,700.22$ 20.23$ 23.12$ 27.74$ E 38,697.35 $ 44,225.54$ 53,070.65$ 18.60$ 21.26$ 25.51$ D Seasonal Maintenance Worker 36,062.65 $ 41,214.46$ 49,457.35$ Office Assistant 17.34 $ 19.81$ 23.78$ J I H G F From: Stephen Winkels To: Jami Gebert Subject: Tourism Commission Date: Tuesday, September 29, 2026 11:24:24 PM Hi Jami Per your request, here is a little info about me: I was born and raised in Austin, MN and went to college in Milwaukee. After college, I worked as an estimator/project manager for a general contractor in Sheboygan. My wife, daughter, and I moved from Sheboygan Falls to Weston in the spring of 2005 to be closer to family in Rib Lake. A couple of weeks after moving here my son was born. I have been a member of the Weston CDA since 2014. I currently work as Director of Project Management at Central Wisconsin Woodworking Corp. (CWWC). CWWC moved their operations from the north side of Wausau to Weston in 2016. I have been with CWWC for 17 years. My hobbies include gardening, landscaping, woodworking, hunting, fishing, and spending time with my family. Thanks, Steve Winkels 715-432-2362