Village of Jackson - Budget and Finance Committee — Agenda Packet

Village of Jackson · Washington County · Budget and Finance Committee · meeting of Aug 12, 2025 · Agenda packets

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August 12, 2025 Village of Jackson - Budget and Finance Committee Meeting Agenda VILLAGE OF JACKSON BUDGET AND FINANCE COMMITTEE MEETING AGENDA Tuesday, August 12, 2025 at 7:00 PM (Or immediately following the Joint Review Board meeting.) Jackson Municipal Complex Village Board Room N168W19851 Main Street Jackson, WI 53037 1. Call to Order and Roll Call 2. Approval of Minutes of the Budget and Finance Committee Meeting of July 8, 2025 3. Approval of Check Register and Treasurer's Report for June 2025 and July 2025 a. Check Register and Treasurer's Report - June 2025 b. Check Register and Treasurer's Report - July 2025 4. Change Order #2–2025 Ridgeway Drive and Chestnut Court Reconstruction Project - Advanced Construction for an increase in the amount of $13,450.00 5. Change Order #1–2025 Oaks of Jackson Surface Course - Spruce Street and Ridgeway Drive - Stark Pavement Corporation for an increase in the amount of $14,340.00 6. Pay Request #3–2025 Ridgeway Drive and Chestnut Court Reconstruction Project - Advanced Construction in the amount of $447,187.01 7. Pay Request #1 -2025 Hickory Lane Reconstruction Project -Vinton Construction in the amount of $356,256.41 8. Pay Request #17 - 2024 Wastewater Treatment Plant Tertiary Filters and Disinfection Project - J.H. Hassinger in the amount of $86,277.10 9. Reimbursement Request #14 - 2024 Wastewater Treatment Plant Tertiary Filters and Disinfection Project - Clean Water Fund Loan in the amount of $110,837.84 10. Change Order #6 - Jackson Community Center Expansion Project - Moore Construction for a decrease in the amount of $31,446.00 11. Pay Request #14 - Jackson Community Center Expansion Project - Moore Construction in the amount of $44,940.70 12. Review of Bids - Dog Park at Cedar Run Park Project - Lowe Underground, Inc. in the amount of $217,614.10 13. 2025-2026 Contract Amendment #1 - Dog Park at Cedar Run Park - MSA in the amount of $15,550.00 14. Review of 2024 Audited Financial Statements Report - Lucida, LLC 15. Renewal of Self-Insured Retention Coverage - Cities and Villages Mutual Insurance Company Page 1 of 212 August 12, 2025 Village of Jackson - Budget and Finance Committee Meeting Agenda 16. Citizens/Village Staff to Address the Budget & Finance Committee 17. Adjourn Persons with disabilities requiring special accommodations for attendance at the meeting should contact the Administration Department at the Jackson Municipal Complex at least one (1) business day prior to the meeting. It is possible that members of the Village Board may attend the above meeting. No action will be taken by any governmental body at this meeting other than the governmental body specifically referred to in this meeting notice. This notice is given so that members of the Village Board may attend the meeting without violating the open meeting law. Page 2 of 212 DRAFT Page 3 of 212 DRAFT Page 4 of 212 DRAFT Page 5 of 212 Page 6 of 212 Page 7 of 212 Page 8 of 212 Page 9 of 212 Page 10 of 212 Page 11 of 212 Reprint Check Register - Quick Report - Regular 14:30 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 6/30/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:6/01/2025 7/01/2025 Page: 455.0055216 A-1 POOLS 18"x18" WHITE FLAT GRATE (2) / PARKS 6/04/2025 355.8055217 A/E GRAPHICS, INC. ACTION IN JACKSON ROAD SIGNS (6) 6/04/2025 20.3955218 ADVANCE AUTO PARTS AIR & CABIN FILTER / JFD 6/04/2025 321.8455219 AMAZON CAPITAL SERVICES MISC DEPARTMENT SUPPLIES 6/04/2025 147.0055220 AURORA MEDICAL GROUP EXPANDED PHYSICAL / P LENHARDT / JPD 6/04/2025 23.0055221 BRAKE & EQUIPMENT COMPANY INC ORINGS (25) / PARKS 6/04/2025 185.0055222 DEITSCH, JEFF L. HEALTH & LIFE INS PREMIUMS / JUNE 2025 6/04/2025 1,500.0055223 DEPT OF AG, TRADE & CONSUMER PROTECTION ANNUAL 2025 W&M CONTRACT INSP/BLDG INSP 6/04/2025 1,070.0055224 EXPRESS NEWS SUMMER FUN GUIDE WASHING CO / 5/17/2025 6/04/2025 110.4955225 FERGUSON WATERWORKS #1476 MAIN VALVE/ BLUE PIPE (100) / WATER 6/04/2025 1,040.8855226 FISHER, RENEE HEALTH INSUR PREMIUM / JUNE 2025 / REC 6/04/2025 852.6255227 FRISTED, TODD A HEALTH/MEDICAL REIMBURSEMENT / JUNE 2025 6/04/2025 761.1055228 GREGG MARTIN INSTRUMENTATION LLC BACK FLOW TEST (6) & BFP REG FEE / WWTP 6/04/2025 645.7055229 JACKSON PROFESSIONAL POLICE ASSOCIATION POLICE UNION DUES / 06-02-25 6/04/2025 830.2855230 KOBER, BRIAN W. HEALTH/MED/DENTAL/VISION - ENG 6/04/2025 467.0655231 LANGE ENTERPRISES, INC. STREET SIGNS (7) / STREETS 6/04/2025 2,921.8455232 MARTELLE WATER TREATMENT, INC. AQUA MAG BULK / WATER 6/04/2025 15.0055233 MASTER PRINTWEAR YOUTH TSHIRTS (2) / REC 6/04/2025 36.9955234 MCMASTER CARR SUPPLY CO SINGLE SCALE PRESSURE GAUGE (2)/ WWTP 6/04/2025 Page 12 of 212 Reprint Check Register - Quick Report - Regular 24:30 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 6/30/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:6/01/2025 7/01/2025 Page: 54.9255235 MENARDS - WEST BEND SHOVEL, LEATHER GLOVES / STREETS 6/04/2025 6,280.2055236 PROS 4 TECHNOLOGY, INC IT SUPPORT / JUNE 2025 6/04/2025 212.2455237 RATHKE, DANIEL R. MEDICAL INSURANCE / JUNE 2025 - FINAL 6/04/2025 205.0055238 S.J. ELECTRO SYSTEMS LLC REMOTE ACCESS HELP / 05-30-25 / WATER 6/04/2025 5,995.0055239 SALGADO, JORGE MONTHLY CLEANING / MAY 2025 / ADMIN 6/04/2025 339.1655240 SUPPORT PAYMENT CLEARINGHOUSE 000431284201 / N WELCH / 06/02/25 6/04/2025 275.0055241 TSR SOLUTIONS, INC. DIAL TONE & DISASTER RECOV/JUNE 25/ADMIN 6/04/2025 143.4255242 USA BLUE BOOK FLANGE GASKET (18) / WWTP 6/04/2025 1,207.6055243 VALENTINO, KELLY HEALTH/DENTAL/VISION JUNE 2025 6/04/2025 252.1555244 VERMEER-WISCONSIN, INC BELT PURCHASE / STREETS 6/04/2025 370.0055245 WALTHER, JOHN M. HEALTH INSURANCE / JOHN / JUNE 2025 6/04/2025 34.9055246 WAUKESHA COUNTY TECHNICAL COLLEGE LEGAL INSERVICE / D TUCEK / JPD 6/04/2025 50.0055247 WENDLAND NURSERY PARENT & TOT #1026 REG FEE (2) / REC 6/04/2025 275.0055248 WISCONSIN POLICE LEADERSHIP FOUNDATION CONFERENCE REGISTRATION / JPD-R VOSSEKUI 6/04/2025 575.0055249 WRWA CHARTER MEMBERSHIP RENEWAL / WATER 6/04/2025 321.8455250 AMAZON CAPITAL SERVICES EMPLOYEE FOLDERS (5) / JPD 6/09/2025 205.0055251 S.J.E REMOTE ACCESS HELP / 05-30-25 / WATER 6/09/2025 299,636.6555252 ADVANCED CONSTRUCTION INC RIDGEWAY DR & CHESTNUT CT PYMT #1 6/12/2025 123.3055253 AT&T MOBILITY ACCT #287298726432 / SQ 6 WI-FI / JPD 6/12/2025 Page 13 of 212 Reprint Check Register - Quick Report - Regular 34:30 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 6/30/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:6/01/2025 7/01/2025 Page: 104.0055254 BRYANT, JUSTIN EXP REIMB NREMT FEE / BRYANT / JFD 6/12/2025 3,050.0055255 CATALIS LLC 2025 ASSESSOR CNTRACT INSTALL #6/ ADMIN 6/12/2025 517.5055256 DIGGERS HOTLINE, INC FAX FEES / MAY 2025 / WATER 6/12/2025 5,525.7055257 EAST SIDE MART MAY 2025 JPD; JRESCUE; JFD; VJ 6/12/2025 354.5055258 GENERAL COMMUNICATIONS, INC. FIRECOM MR-70X / JFD 6/12/2025 149.9455259 GREATAMERICA FINANCIAL SVCS COPIER AGREEMENT / REC 6/12/2025 32.1955260 GRUSZYNSKI, CHARLOTTE CARD HOLDERS & POPCORN REIMB / REC 6/12/2025 74.4055261 HALSNE SERVICE 2023 FORD OIL CHANGE / 05-27-25 / JPD 6/12/2025 12.6655262 HENNING, KAREN SODA FOR SR CARD CLUB REIMB / REC 6/12/2025 501,760.5555263 J.H. HASSINGER, INC. TERTIARY FLTERS & UV PRJ PYMT #15 / WWTP 6/12/2025 473,402.4055264 MOORE CONSTRUCTION SERVICES, LLC COMM CENTER/ PAY REQ #10 & #12 /CAP PRJT 6/12/2025 80.0055265 MORAINE PARK TECHNICAL COLLEGE DISTRICT TUITION CHARGE / AVERILL, L / JFD 6/12/2025 100.0055266 N168W20379 MAIN ST LLC MAIN STREET LIGHTING - 2024 PROJECT 6/12/2025 15.2355267 ODP BUSINESS SOLUTIONS, LLC RETURN PAPER / ENG 6/12/2025 5,513.3155268 RELIANT FIRE APPARATUS, INC. PIERCE REPAIRS MAY 2025 / JFD 6/12/2025 382.0255269 SCHAEFER'S SERVICE CENTER, INC. 15 SILVERADO MAINT / 05-29-25 / JFD 6/12/2025 181.5055270 SCHLOEMER LAW FIRM MAY 2025 / JPD 6/12/2025 1,493.7155271 SECURIAN FINANCIAL GROUP, INC. JULY 2025 Life Insurance 6/12/2025 199.9555272 TIP TOP TAP CLEANING BEER LINE MAINT / REC 6/12/2025 Page 14 of 212 Reprint Check Register - Quick Report - Regular 44:30 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 6/30/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:6/01/2025 7/01/2025 Page: 299.5755273 U.S. CELLULAR MONTHLY PHONE / 5/14 - 6/13/25 / JFD 6/12/2025 2,500.0055274 UTILITY SERVICE CO., INC. PEDISPHERE TOWER - ANNUAL / WATER 6/12/2025 355.3555275 WAUKESHA COUNTY TECHNICAL COLLEGE PARAMEDIC / MINTER, C / JFD 6/12/2025 40,509.3155276 WE ENERGIES ADMIN-ELECTRIC/GAS 6/12/2025 3,150.6255277 WEST BEND SCHOOL DISTRICT MAY 2025 MOBILE HOME PARKING FEES 6/12/2025 1,155.0055278 WTKM MAY 2025 EVENTS / REC 6/12/2025 20.0055279 REGISTRATION FEE TRUST REPLACE TITLE / 2021 FORD D372 / JPD 6/13/2025 24,000.0055280 HILLCREST BUILDERS OAKS OF JACKSON PERMIT FEES 6/13/2025 174.7855281 A/E GRAPHICS, INC. SERVICES PER INVOICE / WATER / JPD 6/19/2025 3,050.0055282 A1 OUTDOOR SERVICES TREE TRIM & REMOVAL / FOX CREEK DR / PAR 6/19/2025 988.0055283 AIR ONE EQUIPMENT INC MID-MATIC NOZZLE / JFD 6/19/2025 133.1255284 AIRGAS USA, LLC OXYGEN RENTAL / MAY 2025 / JFD 6/19/2025 1,064.7855285 AMAZON CAPITAL SERVICES EXPENSES PER INVOICE/ VARIOUS DEPT/FUNDS 6/19/2025 384.5055286 ASC1 HOT SIDE SERVICE LABOR 5-29-25 / PARKS 6/19/2025 50.0055287 AURORA MEDICAL GROUP DOT SCREEN / STREETS 6/19/2025 3,954.0055288 BADGER LABORATORIES, INC SAMPLE 5/19-5/22 / SEWER 6/19/2025 154.5755289 BADGER POPCORN POPCORN & MACHINE SUPPLIES / REC 6/19/2025 7,292.3455290 BMO HARRIS BANK N.A. CREDIT CARD STATEMENT / MAY 2025 6/19/2025 610.0055291 C K C GRAPHICS & SIGNS 4X8 SIGN (2) / JPD 6/19/2025 Page 15 of 212 Reprint Check Register - Quick Report - Regular 54:30 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 6/30/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:6/01/2025 7/01/2025 Page: 131.0055292 CARDIO PARTNERS INC MAN-LAERDAL BABY; JUNIOR / JFD 6/19/2025 0.3655293 CENTURY LINK LONG DISTANCE SERVICE / JUN 2025 / WATER 6/19/2025 5,358.3455294 CHEMTRADE CHEMICALS US LLC ALUM SULFATE LIQ STD BULK / WWTP 6/19/2025 26.4355295 CINTAS CORP SIG AIR SVC / 06-17-25 / REC 6/19/2025 430.9555296 CINTAS CORPORATION MONTHLY FIRST AID SUPPLIES / DPW 6/19/2025 1,606.4555297 CORE & MAIN LP IPERL (8) IPERL ALLY 3 (8) / WATER 6/19/2025 1,400.2055298 DELTA DENTAL OF WISCONSIN JULY 2025 DELTAVISION & DENTAL 6/19/2025 32,100.0055299 EHLERS SERIES 2025A / GEN OB PROMISSORY NOTES 6/19/2025 485.4455300 ENDURACLEAN, INC. TOILET PAPER / DISPOSABLE GLOVES / PARKS 6/19/2025 231.4855301 EUROFINS S-F ANALYTICAL LABS, INC EFFLUENT / 05-27-25 / WWTP 6/19/2025 176.3955302 FASTENAL COMPANY WATER PULL-OUT DRAWERS / WWTP 6/19/2025 550.0055303 FLYRITE LLC US FLAGS (5) / PARKS 6/19/2025 612.0055304 FROEDTERT HEALTH/WORKFORCE HEALTH DRUG SCREEN / MICHALESKO, TUYLS, JFD PHY 6/19/2025 187.9755305 GENERAL COMMUNICATIONS, INC. STORM SPEAKER MIC / JPD 6/19/2025 987.6855306 GILLITZER ELECTRICAL CONTRACTORS, INC. ELECTRIC WORK EST #25-3173 / STREETS 6/19/2025 188.8055307 GREATAMERICA FINANCIAL SVCS COPIER USAGE 06/29/25-07/28/25 / ADMIN 6/19/2025 7,225.5555308 GREMMER & ASSOCIATES, INC HICKORY LANE PROF SVCS 231116 / MAY 2025 6/19/2025 14,150.0055309 HARTLAND OVERHEAD DOOR, INC. OVERHEAD DOOR REPLACEMENT 6-12 / STREETS 6/19/2025 731.9355310 IDEXX DISTRIBUTION, INC LAB GAMMA IRRAD COLILERT (3) / WWTP 6/19/2025 Page 16 of 212 Reprint Check Register - Quick Report - Regular 64:30 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 6/30/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:6/01/2025 7/01/2025 Page: 7,070.0055311 JACKSON CONCRETE INC. STONE SLURRY / WATER 6/19/2025 215.0055312 JESSIFFANY CANINE SERVICES LLC DOG FOOD (2) / JPD 6/19/2025 1,074.7055313 KIESLER POLICE SUPPLY FIREARM SUPPLIES / JPD 6/19/2025 113.0055314 KRUEPKE PRINTING ENVELOPES (1,000) / WWTP 6/19/2025 525.2355315 LAMM GARDENS LANDSCAPE MAINTENANCE / JUNE 2025 / MC 6/19/2025 2,500.0055316 LUCIDA LLC 2024 AUDIT 3RD BILLING 6/19/2025 262.7055317 MACQUEEN COLLECT SYSTEM MAINT JET (4) / WWTP 6/19/2025 287.4455318 MENARDS - WEST BEND GARDEN & SHOP SUPPLIES / PARKS 6/19/2025 7,346.6055319 MILWAUKEE AREA TECHNICAL COLLEGE TUITION / VARIOUS / JFD 6/19/2025 290.6155320 NEU'S BUILDING CENTER, INC. GRINDER; MISC PARTS / WATER 6/19/2025 324.0055321 NICKALLS, ANTHONY YOGA INSTRCTR / 6/3-7/15/2025 / REC 6/19/2025 1,826.5055322 NORTH STAR EMERGENCY VEHICLE SERVICE INC MAIN PUMP MAINT / JFD 6/19/2025 130.7855323 O'REILLY AUTOMOTIVE, INC THERMOSTAT; ANITFREEZE / STREETS 6/19/2025 212.7555324 ODP BUSINESS SOLUTIONS, LLC OFFICE SUPPLIES / REC / WATER 6/19/2025 1,600.0055325 PACE SYSTEMS, INC PACE-SCHEDULER SFTWRE 4/21-5/21/26 / JPD 6/19/2025 454.3855326 PITNEY BOWES GLOBAL FINANCIAL SRV LLC LEASE 04/30 - 07/29/25 ADMIN 6/19/2025 20.0055327 POLICE AND SHERIFFS PRESS, THE ID CARDS (1) / LENHARDT / JPD 6/19/2025 1,186.1755328 ST. LAWRENCE EQUIPMENT, INC. BOBCAT REPAIRS / WWTP 6/19/2025 86.8055329 STERICYCLE, INC. SHRED SERVICE 05-12-2025 / ADMIN 6/19/2025 Page 17 of 212 Reprint Check Register - Quick Report - Regular 74:30 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 6/30/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:6/01/2025 7/01/2025 Page: 241.5755330 SUPERIOR CHEMICAL LLC BATHROOM SUPPLIES / PARKS 6/19/2025 339.1655331 SUPPORT PAYMENT CLEARINGHOUSE 000431284201 / PAY DATE 06/16/25 6/19/2025 798.2955332 TENNIES ACE HARDWARE INC. MAY 2025 ACCTS 51327 & 48714 6/19/2025 2,717.7955333 TOP PACK DEFENSE UNIFORMS & HIGH SPEED GEAR / JPD 6/19/2025 854.8855334 U.S. CELLULAR JUNE 2025 / PHONE/INTERNET 6/19/2025 216.5555335 USA BLUE BOOK FLANGE GASKETS / WWTP 6/19/2025 365.0055336 VON BRIESEN & ROPER S.C SVCS THRU 05-31-25 /MATTER 26359 /ADMIN 6/19/2025 731.1755337 WASHINGTON COUNTY HUMANE SOCIETY, INC. CAT CONTRACT FINAL / JPD 6/19/2025 337.1055338 WI DEPARTMENT OF TRANSPORATION TID #7 EAGLE ROUNDABOUT 05/31/25 6/19/2025 385.0055339 WISCONSIN DEPT OF JUSTICE APRIL & MAY 2025 BACKGROUND CHECKS 6/19/2025 9,073.3155340 ZIMMERMAN ARCHITECTURAL STUDIOS, INC COMMUNITY CENTER EXP MAR & APR 2025 6/19/2025 2,232.0355344 BEER CAPITOL DISTRIBUTING, LLC ACTION IN JACKSON BEER/ALC BEVERAGES 6/27/2025 503.6055345 COMPANION LIFE INSURANCE COMPANY MONTHLY DENTAL INS PREMIUMS / JULY 2025 6/27/2025 1,331.5555346 EBEL IMPRINTS EMBROIDER LOGO ATTIRE / ADMIN, DPW 6/27/2025 820.0055347 EXPRESS NEWS SUMMER FUN GUIDE WAUKESHA CO / 6/16/2025 6/27/2025 42.0655348 FASTENAL COMPANY STAINLESS HEX BOLTS (15) / WWTP 6/27/2025 145.2855349 FIRST SUPPLY LLC CLAMP ALL COUPLING (2) / WWTP 6/27/2025 107.0755350 FOX BROTHER'S PIGGLY WIGGLY ACCOUNT # 1710 / MAY STATEMENT 6/27/2025 39,530.7755351 GFL ENVIRONMENTAL MONTHLY TRASH PICK-UP / JUNE 2025 6/27/2025 Page 18 of 212 Reprint Check Register - Quick Report - Regular 84:30 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 6/30/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:6/01/2025 7/01/2025 Page: 250.0055352 JACKSON HARDWARE, HEATING & AC EXHAUST FAN REPAIR 3-6-25 / REC 6/27/2025 897.1955353 LYNCH BUICK GMC OF WEST BEND 2017 GMC SIERRA SVC 6-20-25 / WATER 6/27/2025 779.6755354 NCL OF WISCONSIN, INC LAB SUPPLIES / WWTP 6/27/2025 240.8355355 O'REILLY AUTOMOTIVE, INC MOTOROIL & FILTER / WATER 6/27/2025 587.5055356 OZAUKEE COUNTY ID #138 CBEG-CFTLYG / CONCESSION STAND 6/27/2025 223.2555357 SUPERIOR CHEMICAL LLC CLEANING SUPPLIES / STREETS 6/27/2025 306.1055358 U.S. CELLULAR INTERNET FAILOVER / JUN 25 / ADMIN 6/27/2025 600.0055359 VON BRIESEN & ROPER S.C SVCS THRU 05-31-25 / 2025-ER01 / ADMIN 6/27/2025 164.4955360 WEST BEND SCHOOL DISTRICT TEACHERS ON CALL SUB / WBSD 4K / REC 6/27/2025 839.1755361 WISCONSIN HYDRANT REPAIR LLC STRUCK HYDRANT REPAIR / 6-25-25 6/27/2025 50.0055362 WRWA SCHLORSHIP MEMBERSHIP RENEWAL / WATER 6/27/2025 1,568,929.88Grand Total Page 19 of 212 Reprint Check Register - Quick Report - Regular 94:30 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 6/30/2025 ______________________________________________________________________________________ Amount From Account:6/01/2025 7/01/2025 Page: 142,722.33Total Expenditure from Fund # 100 - GENERAL FUND 6,130.53Total Expenditure from Fund # 150 - HOTEL / MOTEL 139,931.82Total Expenditure from Fund # 200 - WATER UTILITY 641,659.56Total Expenditure from Fund # 300 - SEWER UTILITY 12,459.73Total Expenditure from Fund # 500 - RECREATION 600,913.12Total Expenditure from Fund # 600 - CAPITAL PROJECT FUND 2,905.10Total Expenditure from Fund # 670 - TID #7 22,207.69Total Expenditure from Fund # 900 - FIRE & RESCUE 1,568,929.88Total Expenditure from all Funds Page 20 of 212 TREASURERS REPORT (Depository Accounts) June 30, 2025 BALANCE BALANCE 5/31/2025 6/30/2025 GENERAL: GENERAL CHECKING $646,163.08 $838,542.31 CREDIT CARD ACCOUNT $23,273.02 $25,693.33 HIPPA ACCOUNT $29,707.21 $13,787.75 MONEY MARKET $12,026,645.61 $11,024,893.12 DONATION ACCOUNT $1,679.72 $1,679.72 PARK FEES $174,136.29 $187,261.44 FIRE/RESCUE RESERVE $14,189.37 $14,240.21 FIRE IMPACT FEE $162,307.93 $184,348.11 POLICE IMPACT FEE $108,342.63 $123,042.59 ANTIQUE FIRE TRUCK $3,358.39 $3,370.42 PERSHING ADVISOR SOLUTIONS LLC - ARPA $60,937.98 $61,132.77 PERSHING ADVISOR SOLUTIONS LLC - GENERAL FUNDS $1,576,784.90 $1,593,151.36 PERSHING ADVISOR SOLUTIONS LLC - MUNI BLDG RESERVE ACCT$281,700.10 $284,944.32 PERSHING ADVISOR SOLUTIONS LLC - 2025A GO PROM NOTES $3,728,725.00 $3,640,709.02 PERSHING ADVISOR SOLLUTIONS LLC - 2024A GO PROM NOTES$1,007,476.71 $538,174.36 PERSHING ADVISOR SOLUTIONS LLC - DSR REVENUE BOND $522,130.67 $523,570.14 PERSHING ADIVSOR SOLUTIONS LLC - 2023B $36,893.68 $37,003.94 ---------------------- ---------------------- TOTAL GENERAL $20,404,452.29 $19,095,544.91 ---------------------- ---------------------- WATER UTILITY: WATER UTILITY DEPRECIATION FUND $26,234.15 $26,328.14 WATER UTILITY RESERVE $136,404.16 $136,892.86 WATER IMPACT FEES $56,388.88 $67,023.00 ---------------------- ---------------------- TOTAL WATER UTILITY $219,027.19 $230,244.00 ---------------------- ---------------------- SEWER UTILITY: DNR REPLACEMENT FUND $1,179,250.63 $1,183,475.55 SEWER UTILITY RESERVE $85,188.86 $85,494.07 SEWER DEPRECIATION FUND $6,596.97 $6,620.61 SEWER SERVICE FEES $1,799,005.91 $1,850,565.09 SEWER SPECIAL REDEMPTION FUND $2,868.24 $2,878.52 ---------------------- ---------------------- TOTAL SEWER UTILITY $3,072,910.61 $3,129,033.84 ---------------------- ---------------------- ---------------------- ---------------------- GRAND TOTAL: $23,696,390.09 $22,454,822.75 ---------------------- ---------------------- Page 21 of 212 Page 22 of 212 Page 23 of 212 Page 24 of 212 Page 25 of 212 Page 26 of 212 Company Name: VILLAGE OF JACKSON Page 6 of6 7 Page 27 of 212 Reprint Check Register - Quick Report - Regular 14:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:7/01/2025 8/04/2025 Page: 60.0055363 A/E GRAPHICS, INC. YARD SIGNS (6) / JPD 7/03/2025 1,530.5055364 AIR ONE EQUIPMENT INC AIR MASK FLOW TESTING (29) / JFD 7/03/2025 253.0855365 AIRGAS USA, LLC OXYGEN CL (2) / JFD 7/03/2025 177.2255366 AMAZON CAPITAL SERVICES ADDING MACHINE PAPER ROLLS / ADMIN 7/03/2025 678.3055367 AURORA HEALTH CARE, INC. EAP 3RD QTR / JULY - SEPT 2025 / JFD 7/03/2025 240.2755368 AURORA MEDICAL CENTER GRAFTON LLC MISC PHARMACY SUP / JUNE 2025 / JFD 7/03/2025 300.0055369 AUTOMATION ARTS, LLC CAFE ROOM WALL PORT SERVICE / REC 7/03/2025 182.9255370 CONLEY MEDIA, LLC - CLASSIFIED 2025-26 LIQUOR LICENSE / CLERK 7/03/2025 83.4755371 CORE & MAIN LP SNAP ON PENTAGON SOCKET (2) / WATER 7/03/2025 92.8255372 COUNTY WIDE EXTINGUISHER, INC. FIRE EXTINGUISHER SVC 6-19-25 / JFD 7/03/2025 185.0055373 DEITSCH, JEFF L. HEALTH & LIFE INS PREMIUMS / JULY 2025 7/03/2025 107.7055374 EAGLE ENGRAVING, INC. TEAM TAGS (17) / JFD 7/03/2025 557.3655375 ENDURACLEAN, INC. WIPES, TOILET PAPER, GLOVES / WWTP 7/03/2025 1,040.8855376 FISHER, RENEE HEALTH INSUR PREMIUM / JULY 2025 / REC 7/03/2025 852.6255377 FRISTED, TODD A HEALTH/MEDICAL REIMBURSEMENT / JULY 2025 7/03/2025 3,103.5955378 IMAGE TREND, INC ELITE RESCUE ANNUAL FEE 2025 / JFD 7/03/2025 117.7055379 IMPACT ACQUISITIONS LLC COPIER 06/24-07/23/25 / WATER 7/03/2025 830.2855380 KOBER, BRIAN W. HEALTH/MED/DENTAL/VISION - ENG 7/03/2025 406.0055381 KRUEPKE PRINTING UTILITY NOTICE JUNE 2025 (3,200) / WATER 7/03/2025 Page 28 of 212 Reprint Check Register - Quick Report - Regular 24:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:7/01/2025 8/04/2025 Page: 773.6055382 LANGE ENTERPRISES, INC. FYG COMPLETE UNIT (2) / STREETS 7/03/2025 238.2255383 MARTIN, JILL UTILITY REFUND / ACCT #000-2281-53 / WTR 7/03/2025 495.6755384 MENARDS - WEST BEND MISC DEPARTMENT SUPPLIES 7/03/2025 805.0055385 MIDWEST FIBER NETWORKS MONTHLY INTERNET / ADMIN / JULY 2025 7/03/2025 3,811.0055386 MIDWEST METER, INC. 6" MAG MATER LOCAL GALLON / WATER 7/03/2025 535.2055387 MULCAHY/SHAW WATER, INC. PUMP TUBING 5800/4700 & 6700 (2) / WWTP 7/03/2025 37.9955388 O'REILLY AUTOMOTIVE, INC WARNING LT / PARKS 7/03/2025 89.9655389 ODP BUSINESS SOLUTIONS, LLC PRINTER TONER, COPY PAPER / JFD 7/03/2025 6,211.7555390 PROS 4 TECHNOLOGY, INC IT SUPPORT / JULY 2025 / ADMIN 7/03/2025 153.4155391 REINDERS, INC. LAWN SEED MIX (2) / PARKS 7/03/2025 1,675.0055392 SALGADO, JORGE MONTHLY CLEANING / JUNE 2025 / MUNI COMP 7/03/2025 140.3155393 SCHAEFER'S SERVICE CENTER, INC. 23 FORD STEER WHEEL MAINT / 6-6-25 / JFD 7/03/2025 339.1655394 SUPPORT PAYMENT CLEARINGHOUSE 000431284201 / N WELCH / 06/30/25 7/03/2025 275.0055395 TSR SOLUTIONS, INC. DIAL TONE & DISASTER RECOV/JULY 25/ADMIN 7/03/2025 1,207.6055396 VALENTINO, KELLY HEALTH/DENTAL/VISION JULY 2025 7/03/2025 370.0055397 WALTHER, JOHN M. HEALTH INSURANCE / JOHN / JULY 2025 7/03/2025 50.0055398 WCFTOA 2025 DUES / JFD 7/03/2025 219,429.5855399 ADVANCED CONSTRUCTION INC PAY REQ #2 / RIDGEWAY & CHESTNUT 7/10/2025 523.5455400 AMAZON CAPITAL SERVICES MISC DEPARTMENT SUPPLIES 7/10/2025 Page 29 of 212 Reprint Check Register - Quick Report - Regular 34:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:7/01/2025 8/04/2025 Page: 129.6555401 AT&T MOBILITY ACCT #287298726432 / SQ 6 WI-FI / JPD 7/10/2025 3,050.0055402 CATALIS LLC 2024 ASSESSOR CNTRACT INSTALL #1/ ADMIN 7/10/2025 24,556.5555403 CEDAR CORPORATION RIDGEWAY/CHESTNUT CT RECON THRU 06-14-25 7/10/2025 353.6855404 CINTAS CORPORATION MONTHLY FIRST AID SUPPLIES / STREETS 7/10/2025 109.8055405 COUNTY WIDE EXTINGUISHER, INC. FIRE XTINGUISHER SVC / 06-19-25 / JPD 7/10/2025 3,867.0055406 DEMPSEY LAW FIRM, LLP MAY 2025 / GENERAL SERVICES 7/10/2025 3,255.0255407 EAST SIDE MART MONTHLY FUEL / JUNE 2025 / JPD 7/10/2025 22.4055408 FASTENAL COMPANY PULL OUT DRAWERS (100) / WATER 7/10/2025 5,885.6555409 FERGUSON WATERWORKS #1476 7'0 HYDRANT REPAIR SUPPLIES / WATER 7/10/2025 541.5155410 GREATAMERICA FINANCIAL SVCS COPIER AGREEMENT & USAGE / REC 7/10/2025 24,000.0055411 HILLCREST BUILDERS OAKS OF JACKSON PERMIT FEES #2 7/10/2025 813.2655412 J L BUSINESS INTERIORS, INC. BREAKROOM REMODEL 7-7-25 / JPD 7/10/2025 99,540.5255413 J.H. HASSINGER, INC. TERTIARY FLTERS & UV PRJ PYMT #16 / WWTP 7/10/2025 660.0055414 KRUEPKE PRINTING CALENDAR & QUARTERLY JUL 2025 7/10/2025 525.2355415 LAMM GARDENS LANDSCAPE MAINTENANCE / JUL 2025 / ADMIN 7/10/2025 1,051.7755416 LANGE ENTERPRISES, INC. MISC VILLAGE STREET SIGNS / STREETS 7/10/2025 592.3355417 LANNON STONE PRODUCTS WASHED MAN SAND / 06-30-25 / WWTP 7/10/2025 784.6155418 LYNCH BUICK GMC OF WEST BEND 2017 GMC SIERRA SVC 6-09-25 / WATER 7/10/2025 2,505.2055419 MARTELLE WATER TREATMENT, INC. AQUA MAG BULK / WATER 7/10/2025 Page 30 of 212 Reprint Check Register - Quick Report - Regular 44:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:7/01/2025 8/04/2025 Page: 110.0055420 MCR SERVICES, LLC PERMIT #25-20489 REFUND / BLDG INSP 7/10/2025 108,416.8555421 MOORE CONSTRUCTION SERVICES, LLC COMM CENTER / PAY REQUEST #13 / CAP PRJT 7/10/2025 10,304.0055422 MSA PROFESSIONAL SERVICES INC DOG PARK DESIGN 4/20 - 5/17/25 7/10/2025 348.8755423 MULCAHY/SHAW WATER, INC. APEX VALVE LINER, NEOPRENE / WWTP 7/10/2025 50.0055424 NORTHERN LAKE SERVICE, INC. LEAD SCREENING 6-25-25 / WATER 7/10/2025 69.0355425 O'REILLY AUTOMOTIVE, INC CABIN, OIL, AIR FILTERS / WATER 7/10/2025 65.0555426 ODP BUSINESS SOLUTIONS, LLC 17" PAPER 5 REAMS / ENG 7/10/2025 5,975.5055427 SABEL MECHANICAL LLC 6/19/25 REPLACE MAG METER / WATER 7/10/2025 2,520.0055428 SALGADO, JORGE MONTHLY CLEANING (84 HRS) / JUNE / REC 7/10/2025 907.5055429 SCHLOEMER LAW FIRM JUNE 2025 / JPD 7/10/2025 1,573.8555430 SECURIAN FINANCIAL GROUP, INC. AUG 2025 Life Insurance 7/10/2025 175.0055431 STUMP GRINDING BY MIKE, LLC STUMP GRINDING / PARKS 7/10/2025 937.2855432 SYSCO EASTERN WISCONSIN MAY BEER GARDEN FOOD / REC 7/10/2025 319.9955433 TOP PACK DEFENSE BOOTS / WELCH, FOEGER / JPD 7/10/2025 30,816.9955434 TOWN & COUNTRY ENGINEERING, INC. FILTER & UV CONST THRU 6-19-25 / WWTP 7/10/2025 298.2155435 U.S. CELLULAR MONTHLY PHONE / 6/14 - 7/13/25 / JFD 7/10/2025 309.0855436 USA BLUE BOOK REPLACEMENT SWING ARM / WWTP 7/10/2025 90,745.0055437 UTILITY SERVICE CO., INC. PEDISPHERE SYSCO TOWER - ANNUAL / WATER 7/10/2025 45,406.2555438 WE ENERGIES ADMIN-ELECTRIC/GAS 7/10/2025 Page 31 of 212 Reprint Check Register - Quick Report - Regular 54:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:7/01/2025 8/04/2025 Page: 3,945.0055439 WOLLNER PLUMBING & EXCAVATING, LLC CREST VIEW DR SVC 6-3-2025 / WATER 7/10/2025 1,767.3055440 ZORN COMPRESSOR & EQUIPMENT, INC. REPAIR WORK 6-2-25 / SEWER 7/10/2025 1,200.0055441 BARBIERI, ERIC JULY BEER GARDEN BAND / ROCKIN' KRAKENS 7/16/2025 80,325.0055442 BURKE TRUCK & EQUIPMENT DOWN PAYMENT PLOW TRUCK / DPW 7/16/2025 1,500.0055443 CASH JULY BEER GARDEN 2025 CASH / REC 7/16/2025 45,153.0055444 EWALD CHEVROLET BUICK LLC 2025 CHEVY SILVERADO / DPW WORK TRUCK 7/16/2025 1,000.0055445 NEIRA, DAVID JULY BEER GARDEN BAND - SUPERDAVE 7/16/2025 169.5055446 REGISTRATION FEE TRUST TITLE & LIC / 25CF800 / 2025 CHEVY / DPW 7/16/2025 2,017.8555447 ALPHA CUSTOM APPAREL, LLC K-9 TSHIRTS / JPD 7/17/2025 209.0555448 AMERICAN METAL & PAPER RECYCLING, INC. RECYCLE PICKUP / SPRING CLEAN UP / TRASH 7/17/2025 25.0055449 AURORA MEDICAL GROUP EVIDENTIARY OWI TEST (1) 06/08/25 / JPD 7/17/2025 175.7055450 BEER CAPITOL DISTRIBUTING, LLC BEER FOR BEER GARDEN/CONCESSIONS / REC 7/17/2025 660.9055451 BOUND TREE MEDICAL, LLC MISC MEDICAL SUPPLIES / JFD 7/17/2025 5,083.2255452 CHEMTRADE CHEMICALS US LLC ALUM SULFATE LIQ STD BULK / WWTP 7/17/2025 26.4355453 CINTAS CORP SIG AIR SVC / 05-20-25 / REC 7/17/2025 1,271.3255454 DELTA DENTAL OF WISCONSIN AUG 2025 DELTAVISION 7/17/2025 473.8055455 DIGGERS HOTLINE, INC FAX FEES / JUNE 2025 / WATER 7/17/2025 3,004.6355456 EAST SIDE MART MONTHLY FUEL / JUNE 2025 / VOJ 7/17/2025 219.9055457 FIREPENNY SMOKE MACHINE SMOKE FLUID (2) / JFD 7/17/2025 Page 32 of 212 Reprint Check Register - Quick Report - Regular 64:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:7/01/2025 8/04/2025 Page: 46.9255458 FOX BROTHER'S PIGGLY WIGGLY VILLAGE OF JACKSON / JUNE 2025 7/17/2025 30.0055459 GEIMAN, EVELYN MOVEMENT & MUSIC REFUND / REC 7/17/2025 15,033.3055460 GREMMER & ASSOCIATES, INC HICKORY LANE PROF SVCS 231116 / JUN 2025 7/17/2025 2,967.5055461 HERO INDUSTRIES, INC K9 DOG PLUSHES / JPD 7/17/2025 1,736.7355462 HORIZON COMMERCIAL POOLS SULFURIC ACID / SPLASH PAD / PARKS 7/17/2025 645.7055463 JACKSON PROFESSIONAL POLICE ASSOCIATION POLICE UNION DUES / 07-14-25 7/17/2025 45.0055464 LOWRY, KATHERINE MOVEMENT & MUSIC REFUND / REC 7/17/2025 9,178.0055465 LUCIDA LLC 2024 AUDIT FINAL BILLING / ADMIN 7/17/2025 349.1855466 MENARDS - WEST BEND DPW SUPPLIES 7/17/2025 40.0055467 MOTOROLA SOLUTIONS 15' HDMI CABLE / JPD 7/17/2025 125.3555468 NASSCO INC SQUEEGEE REBUILD KIT / JFD 7/17/2025 175.4355469 NCL OF WISCONSIN, INC LAB SUPPLIES / WWTP 7/17/2025 600.0055470 NORTHERN LAKE SERVICE, INC. 1633 PFAS (NON-POTABLE) / WWTP 7/17/2025 10.3355471 O'REILLY AUTOMOTIVE, INC MACHINERY/EQUIPMNT / STREETS 7/17/2025 22,476.0055472 POBLOCKI PAVING CORPORATION SIDEWALK CONCRETE / ADA HICKORY / STREET 7/17/2025 363.0255473 STRYKER SALES, LLC KIT, SNGL ELECT / ELECT AED INFANT / JPD 7/17/2025 339.1655474 SUPPORT PAYMENT CLEARINGHOUSE 000431284201 / N WELCH / 07/14/25 7/17/2025 974.7655475 SYSCO EASTERN WISCONSIN JULY 2025 BEER GARDEN FOOD / REC 7/17/2025 104.9055476 TENNIES ACE HARDWARE INC. ACCT #S 48714, 78777 / JUNE 2025 7/17/2025 Page 33 of 212 Reprint Check Register - Quick Report - Regular 74:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:7/01/2025 8/04/2025 Page: 60.0055477 TIP TOP TAP CLEANING BEER LINE MAINT / REC 7/17/2025 293.7555478 U.S. CELLULAR JULY 2025 / PHONE/INTERNET / JPD 7/17/2025 3,150.6255479 WEST BEND SCHOOL DISTRICT JUNE 2025 MOBILE HOME PARKING FEES 7/17/2025 50.0055480 WISCONSIN DNR EXAM FEES / C JANKOWSKI / WATER 7/17/2025 990.0055481 WRWA WATER CLASS/RVW / C JANKOWSI / WATER 7/17/2025 9,494.0055482 A/E GRAPHICS, INC. SCANNER/PRINTER / BLDG INSP 7/23/2025 244.3055483 AIRGAS USA, LLC OXYGEN RENTAL / JUNE 2025 / JFD 7/23/2025 259.0055484 BERGMANN REPAIR SERVICE MICROWAVE / JPD 7/23/2025 30.0055485 CASH BALES OF STRAW (6) / JFD 7/23/2025 40,441.0655486 GFL ENVIRONMENTAL MONTHLY TRASH PICK-UP / JULY 2025 7/23/2025 117,295.1455487 GLACIER HILLS CREDIT UNION DEVELOP AGREEMENT INCENTIVE / JULY 2025 7/23/2025 202.0255488 GREATAMERICA FINANCIAL SVCS COPIER USAGE 07/29/25-08/28/25 / ADMIN 7/23/2025 12.6655489 HENNING, KAREN SODA FOR SR CARD CLUB REIMB / REC 7/23/2025 360.1255490 TENNIES ACE HARDWARE INC. JUNE 2025 - ACCT # 51327 7/23/2025 560.6355491 U.S. CELLULAR MONTHLY PHONE / JULY 2025 7/23/2025 219.0055492 VON BRIESEN & ROPER S.C SVCS THRU 06-30-25 /MATTER 26359 /ADMIN 7/23/2025 119.0055493 WISCONSIN DEPT OF JUSTICE JUNE 2025 7/23/2025 6,798.5655494 BMO HARRIS BANK N.A. JUNE CREDIT CARD CHARGES 7/24/2025 4,500.0055496 HAWKS QUINDEL, S.C. SETTLEMENT ATTORNEY FEES / JFD 7/25/2025 Page 34 of 212 Reprint Check Register - Quick Report - Regular 84:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:7/01/2025 8/04/2025 Page: 2,250.0055497 OBST, VICTORIA LYNN SETTLEMENT NON-WAGE DAMAGES / JFD 7/25/2025 32.8055498 ADVANCE AUTO PARTS HD BLADE / JFD 7/31/2025 520.8455499 AMAZON CAPITAL SERVICES PURCHASES PER INVOICES RCVD/VAR DEPTS 7/31/2025 1,972.0055500 AMERICAN INDUSTRIAL MEDICAL HEARING TESTS 07/24/24 / VAR DEPTS 7/31/2025 186.7355501 BADGER POPCORN CONCESSION STAND SUPPLIES / REC 7/31/2025 104.0055502 BECKER, LATHEN EMT APPLICATION FEE / BECKER / JFD 7/31/2025 2,565.8455503 BEER CAPITOL DISTRIBUTING, LLC CONCESSIONS / REC 7/31/2025 125.3255504 BRAKE & EQUIPMENT COMPANY INC HOSE & HOSE ENDS / STREETS 7/31/2025 43.5655505 CAWLEY COMPANY, THE TAGS / JFD 7/31/2025 45,311.8455506 CITIES & VILLAGES MUTUAL INSURANCE CO. WORK COMP PREMIUM / 2024 AUDIT 7/31/2025 503.6055507 COMPANION LIFE INSURANCE COMPANY MONTHLY DENTAL INS PREMIUMS / AUG 2025 7/31/2025 793.5455508 CONLEY MEDIA, LLC - CLASSIFIED 2024 CCR WATER / WATER 7/31/2025 2,212.8855509 CONWAY SHIELD FIRE HELMETS / JFD 7/31/2025 68.5355510 ELAN FINANCIAL SERVICES TOWELS & SOAP / JFD 7/31/2025 1,969.9855511 FERGUSON ENTERPRISES LLC #3326 EXP PER INVOICES / WATER / WWTP 7/31/2025 50.0055512 FISCHER, MELISSA REFUND YOUTH FLAG FOOTBALL / REC 7/31/2025 337.0055513 FROEDTERT HEALTH/WORKFORCE HEALTH PHYSICAL / JFD 7/31/2025 1,218.0055514 GENERAL COMMUNICATIONS, INC. TOUGHBOOK DOCKING STATION / JPD 7/31/2025 667.0055515 GOSCHEY MECHANICAL INC. FIX EXHAUST; CHECK BOILER / WWTP 7/31/2025 Page 35 of 212 Reprint Check Register - Quick Report - Regular 94:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________Check Nbr Check Date Payee Amount From Account:7/01/2025 8/04/2025 Page: 416.4055516 GREATAMERICA FINANCIAL SVCS COPIER USAGE APR-JUNE / JPD 7/31/2025 460.0055517 HILLCREST BUILDERS REFUND - DUPLICATE PERMITS 7/31/2025 6,553.9355518 JACKSON WATER UTILITY 2ND QTR 2025 7/31/2025 40.0055519 KRUEPKE PRINTING WATER BILL FOLDING / JUL 2025 7/31/2025 379.4155520 MARSHALL-BOND PUMPS,INC. ROD GUIDE (4) / WWTP 7/31/2025 277.7555521 MENARDS - WEST BEND PURCHASES ON ACCOUNT / GEN/WATER/WWTP 7/31/2025 254.5255522 NEFF GROUP DISTIBUTORS, INC (3) VALVES / WWTP 7/31/2025 1,782.0055523 OAKLEY, KILEY REFUND MORNING WRAPS / REC 7/31/2025 141.2755524 ODP BUSINESS SOLUTIONS, LLC SUPPLIES PER INVOICE / REC 7/31/2025 1,098.0055525 PROS 4 TECHNOLOGY, INC LENOVO DESKTOP / WATER/WWTP 7/31/2025 307.5055526 S.J.E PROGRAMMING LABOR / 05-30-25 / WWTP 7/31/2025 39.9855527 SUPERIOR CHEMICAL LLC CLR LNR 55-60GL / PARKS 7/31/2025 339.1655528 SUPPORT PAYMENT CLEARINGHOUSE 000431284201 / N WELCH / 07/28/25 7/31/2025 306.1055529 U.S. CELLULAR INTERNET FAILOVER / JULY 25 7/31/2025 1,181,432.55Grand Total Page 36 of 212 Reprint Check Register - Quick Report - Regular 104:00 PM ACCT GENERAL VILLAGE CHECKING Accounting Checks Posted From: Thru Account:Thru: 7/31/2025 ______________________________________________________________________________________ Amount From Account:7/01/2025 8/04/2025 Page: 202,734.55Total Expenditure from Fund # 100 - GENERAL FUND 3,034.43Total Expenditure from Fund # 150 - HOTEL / MOTEL 231,658.57Total Expenditure from Fund # 200 - WATER UTILITY 257,454.24Total Expenditure from Fund # 300 - SEWER UTILITY 19,222.80Total Expenditure from Fund # 500 - RECREATION 329,926.68Total Expenditure from Fund # 600 - CAPITAL PROJECT FUND 118,361.09Total Expenditure from Fund # 670 - TID #7 19,040.19Total Expenditure from Fund # 900 - FIRE & RESCUE 1,181,432.55Total Expenditure from all Funds Page 37 of 212 TREASURERS REPORT (Depository Accounts) July 31, 2025 BALANCE BALANCE 6/30/2025 7/31/2025 GENERAL: GENERAL CHECKING $838,542.31 $638,513.32 CREDIT CARD ACCOUNT $25,693.33 $78,312.10 HIPPA ACCOUNT $13,787.75 $54,495.57 MONEY MARKET $11,024,893.12 $10,547,548.71 DONATION ACCOUNT $1,679.72 $1,679.12 PARK FEES $187,261.44 $210,457.76 FIRE/RESCUE RESERVE $14,240.21 $14,292.98 FIRE IMPACT FEE $184,348.11 $203,473.47 POLICE IMPACT FEE $123,042.59 $135,805.39 ANTIQUE FIRE TRUCK $3,370.42 $3,382.91 PERSHING ADVISOR SOLUTIONS LLC - ARPA $61,132.77 $61,358.51 PERSHING ADVISOR SOLUTIONS LLC - GENERAL FUNDS $1,593,151.36 $1,591,752.95 PERSHING ADVISOR SOLUTIONS LLC - MUNI BLDG RESERVE ACCT$284,944.32 $285,199.21 PERSHING ADVISOR SOLUTIONS LLC - 2025A GO PROM NOTES $3,640,709.02 $3,653,999.35 PERSHING ADVISOR SOLLUTIONS LLC - 2024A GO PROM NOTES $538,174.36 $433,831.63 PERSHING ADVISOR SOLUTIONS LLC - DSR REVENUE BOND $523,570.14 $524,944.22 PERSHING ADIVSOR SOLUTIONS LLC - 2023B $37,003.94 $37,118.91 ---------------------- ---------------------- TOTAL GENERAL $19,095,544.91 $18,476,166.11 ---------------------- ---------------------- WATER UTILITY: WATER UTILITY DEPRECIATION FUND $26,328.14 $26,425.71 WATER UTILITY RESERVE $136,892.86 $137,400.17 WATER IMPACT FEES $67,023.00 $83,393.75 ---------------------- ---------------------- TOTAL WATER UTILITY $230,244.00 $247,219.63 ---------------------- ---------------------- SEWER UTILITY: DNR REPLACEMENT FUND $1,183,475.55 $1,187,861.38 SEWER UTILITY RESERVE $85,494.07 $85,810.90 SEWER DEPRECIATION FUND $6,620.61 $6,645.15 SEWER SERVICE FEES $1,850,565.09 $1,932,194.32 SEWER SPECIAL REDEMPTION FUND $2,878.52 $2,889.19 ---------------------- ---------------------- TOTAL SEWER UTILITY $3,129,033.84 $3,215,400.94 ---------------------- ---------------------- ---------------------- ---------------------- GRAND TOTAL: $22,454,822.75 $21,938,786.68 ---------------------- ---------------------- Page 38 of 212 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Change Order #2 – 2025 Ridgeway Drive and Chestnut Court Reconstruction Project – Advanced Construction for an increase in the amount of $13,450.00 Meeting Date: July 29, 2025 Board of Public Works Background and Analysis: This memo is to inform the Board of Change Order #2 related to the Ridgeway Drive and Chestnut Court Reconstruction Project. This change order addresses necessary field modifications and unforeseen conditions encountered during construction. A breakdown of additional costs is as follows: • Reduction of $2,100.00 for 1050 lineal feet of sanitary sewer lateral material credit using 4-inch in place of 6-inch material for select sanitary sewer laterals that were replaced via pipe bursting. • Additional 34 lineal feet of 12-inch storm sewer pipe $3,230.00. • Increase of $12,320.00 due to lost production time resulting from conflicts with the existing underground watermain. • Contract time extension of seven (7) calendar days due to reduced productivity during installation of sanitary sewer and watermain near the existing storm sewer, to avoid damage to that infrastructure. Funding for this Change Order will come from Account Numbers: 600-00-56700-400-000 (Capital Projects Repairs/Construction) 300-00-17600-000-380 (Sewer Construction Work) 200-00-18600-395-000 (Water Construction Work) Recommendation: Board of Public Works recommend the Budget and Finance Committee and Village Board approve Change Order #2 for an increase in the amount of $13,450.00 to Advanced Construction. Page 39 of 212 SECTION 00 63 63 CHANGE ORDER NO.: 2 Owner: Engineer: Engineer's Project No.: Contractor: Contractor's Project No.: Project: Contract Name: Date Issued: Description: 1 = 2 = 3 = 4 = TOTAL = 5 +/(-) 7 Day(s) 6 +/(-) 7 Day(s) Reason for Change Order: a) b) c) d) e) Attachments: a) b) c) Effective Date of Change Order: Advance Construction Cedar Corporation Ridgeway Dr and Chestnut Ct Reconstruction - REBID July 1, 2025 Change Order Item No. 4: Cost associated with the additional water main isolations, temporary water main feed and the cutting and capping of existing 12" water main. Additional Work associated with Change Order Item No. 3. Change Order Item Nos. 5&6: Contract time extension associated with the proximity of the existing 36" storm sewer main as it relates to sanitary sewer construction on Ridgeway Drive which had significantly lessoned the Contractors lineal foot per day productivity. Village of Jackson Ridgeway Dr and Chestnut Ct Reconstruction - REBID Owner's Project No. Change Order Item No. 1: Email correspondence between Contractor & Engineer dated 6/16/25. Change Order Item Nos. 2, 5 & 6: 1) Email correspondence between Contractor & Engineer dated 6/10/25, 2) Contractor's revised construction schedule dated 6/10/25, 3) Revised Drawing sheet 3 of 24. Change Order Item Nos. 3 & 4: 1) Email correspondence between Contractor & Engineer/Owner dated 6/11/25 & 4/17/25 respectively, 2) Contractor's Invoice dated 6/16/25 with time & material details. CREDIT 1,050 Lineal Feet Sanitary Lateral Pipe Bursting (6" Vs 4" Material Credit) @ $2.00/LF ($2,100.00) $13,450.00 $5,280.00ADD Lump Sum Cutting & Capping Existing 12" Water Main 6/12/25 05789-0020 June 12, 2025 ADD 34 Lineal Feet of 12” Dia RCP Storm Sewer Pipe @ $95.00/LF $3,230.00 Change Order Item No. 1: Many existing sanitary laterals were found to be 4" diameter pipe size. Pipe bursting item quoted at 6" diameter pipe size and therefore, Contractor has provided a material credit. The Contract is modified as follows upon execution of this Change Order: Extension of Contract Times - SUBSTANTIAL COMPLETION: Extension of Contract Times - FINAL COMPLETION: ADD Lump Sum Investingation of Existing Water Main Location 6/11/25 $7,040.00 Change Order Item No. 2: Addition of a 12" diameter storm sewer catch basin lead to accommodate the added installation of storm catch basin 4.0 (CB added to contract via contract change order no. 1) - Ridgeway Dr. Sta. 14+90. Change Order Item No. 3: Cost associated with the Contractor's delay, coordination and additional efforts related to locating the actual location of the existing water main on the north end of Ridgeway Drive . Water main location as indicated on Drawing were based upon on site utility locations which were found to be in error during construction. Page 40 of 212 Page 41 of 212 1 Doug Kroes From: Shane Kofler <skofler@advconst.net> Sent: Monday, June 16, 2025 11:30 AM To: Doug Kroes; Matt Stephan; Logan Myers; Jack Straehler Cc: Paul Kultgen Subject: Jackson - Ridgeway HDPE pricing All, I have below the pricing for the 6” vs 4” HDPE. Based on what the home has currently that is how they will install, and if 4” is installed Advance Construction will issue a $2/lf credit. Please let me know if you have any questions. Thanks Shane Kofler Advance Construction Inc Phone: 920-434-3978 / Fax: 920-434-6228 Direct: 920-593-1016 / Cell: 920-606-5011 From: Gregg.Huth@Ferguson.com <Gregg.Huth@Ferguson.com> Sent: Monday, June 16, 2025 11:22 AM To: Shane Kofler <skofler@advconst.net> Subject: HDPE pricing EXTERNAL EMAIL - This email was sent by a person from outside your organization. Exercise caution when clicking links, opening attachments or taking further action, before validating its authenticity. Shane, Current pricing: 4” DR 17 HDPE pipe 2.60/ft 6” DR17 HDPE [pipe 4.55/ft Let me know if you need anything further. Thanks Gregg Huth, GM - Wisconsin Ferguson Waterworks, 5350 N. Richmond St Appleton Wi 54913 (C): 920-378-4586 (T): 920-731-3252 (F): 920-731-2305 gregg.huth@ferguson.com Change Order Item No. 1 Page 42 of 212 1 Doug Kroes From: Shane Kofler <skofler@advconst.net> Sent: Tuesday, June 10, 2025 3:39 PM To: Doug Kroes Cc: Paul Kultgen; Matt Stephan Subject: RE: Jackson Ridgeway/Chestnut Reconst.: Change Order No. 1 Attachments: Revised Schedule 6-10-25.xlsx Follow Up Flag: Follow up Flag Status: Completed Doug, Attached is revised schedule. Apologies for making you wait, I wanted to work through somethings and try to be as accurate as possible. This pushes us another week out. We have had a tremendous slow down between manhole 5 & 6, as you can reference on the bid plan set it shows the existing 36” storm sewer under the sidewalk away from the new sanitary. As shown on the latest revision the storm sewer is only actually 8’ off the new sewer main, which given the depth of both, and the fact that the existing storm is backfilled with stone chips we have had slow down our operations and work extra cautious to not compromise the storm sewer. Our production is down around 25-35’ per day (which I think you know we are not making any money at that rate). Is there something we can be compensated for with change in conditions? Also one thing I caught on the Change order, one of the new inlets gets new 12” storm sewer laid across the road. It is called out as 12” RCP which I did not provide a price for. We can do that for $95/lf or we can install 12” PVC for the bid price of $85/lf. Let me know if you want to add RCP to CO and if you can change the date and I will get it signed. Thanks Shane Kofler Advance Construction Inc Phone: 920-434-3978 / Fax: 920-434-6228 Direct: 920-593-1016 / Cell: 920-606-5011 Change Order Item Nos. 2,5 & 6 Page 43 of 212 Jackson - Ridgeway Dr 6-10-25 31-Mar 7-Apr 14-Apr 21-Apr 28-Apr 5-May 12-May 19-May 26-May 2-Jun 9-Jun 16-Jun 23-Jun 30-Jun 7-Jul 14-Jul 21-Jul 28-Jul 4-Aug 11-Aug 18-Aug 25-Aug 2-Sep 9-Sep Traffic Control Erosion Control Tree Removal Sanitary Mainline - Ridgeway Dr Sanitary Mainline - Chestnut Ct Water Main - Ridgeway Dr Water Main - Chestnut Dr Water Serices/Transfers Sanitary Laterals Pipe Burst Storm Sewer Grading Curb & Gutter Sidewalks & Driveways Restoration Asphalt Pavement Advance Gordon Work Zones Homer Sommers AllWays Payne & Dolan M&E Change Order Item Nos.5 & 6 Page 44 of 212 C O R P O R A T I O N● ● Change Order Item No. 2 Page 45 of 212 1 Doug Kroes From: Shane Kofler <skofler@advconst.net> Sent: Wednesday, June 11, 2025 12:22 PM To: Doug Kroes; Logan Myers; Jeff Kreutzinger Cc: Paul Kultgen Subject: Jackson - Ridgeway Dr Attachments: 77134698444__FBD0C420-0820-454D-BF4D-E65885DDE117.jpeg; 77134699285__ 8DD9F8E1-052E-4B5F-B30F-BD02ADBDB39B.jpeg; 77134700 967__ 90A3BFF6-1451-4B80-A05C-4842A2088D75.jpeg; 77134700 163__501C62B1- D69E-4F57-8A1E-F3E513BBC450.jpeg Doug, Pat has set San Mh 6 and is working toward Mh 7 currently. As he is moving north the existing wm is creeping over toward the proposed sewer. I have attached pictures, the blue marks are the wm and pink is proposed centerline of the new sewer. They are within 2-3' of each other and at that distance we will not be able to install the sewer. If it was the 7' separation like shown on plans we would be ok. Pat has started discussions with Jeff from water dept as to what he will be ok with. We will have to cut and cap the 12" at approx 18+50 and at approx 20+10. We then need to feed the water main from 18+50 to 16+20, either by feeding hydrant to hydrant, or going on Chestnut ct and making a temporary connection. There will be additional costs associated with this. Hopefully as a group we can come up with a quick solution. Feel free to call me as necessary. Thanks Shane Kofler Advance Construction Inc 920-606-5011 Change Order Item Nos.3&4 Page 46 of 212 Advance Construction, Inc. 2141 Woodale Ave INVOICE # Green Bay, WI 54313 DATE: June 16, 2025 Phone: (920) 434-3978 Fax: (920) 434-6228 Payment terms Net 30 Days Quantity Unit Unit Price Amount 8 Hrs 880.00 7,040.00$ -$ -$ -$ -$ 6 Hrs 880.00 5,280.00$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Subtotal 12,320.00$ Mark Up -$ TOTAL 12,320.00$ Started excavations for cutting and capping, and working Description Advance Construction Rep Shane Kofler From 10am-6pm on 6/11. Time spent on locating and verifiying if existing 12" water main is indeed in conflict. with village to be able to temp feed properties. From 7am-1pm on 6/12. Time spent cutting and capping existing 12" water main on Willow Ridge. Job Ridgeway Dr - Water Main Conflict INVOICE Bill To: Village of Jackson Change Order Item Nos. 3&4 Page 47 of 212 Hours Rate Per RLRW Extended Cost Foreman 8.00 77.39$ 619.12$ Loader Operator 8.00 71.38$ 571.04$ Pipe Layer 8.00 61.78$ 494.24$ Laborer 8.00 55.78$ 446.24$ Truck Driver 8.00 40.18$ 321.44$ Truck Driver 8.00 40.18$ 321.44$ 48 $2,773.52 Added Labor Utility Work Utility Work TOTAL ADDED LABOR Quantity Unit Unit Price Extended Cost 8 Hr 225.00$ 1,800.00$ 8.00 hr 150.00$ 1,200.00$ 8.00 hr 80.00$ 640.00$ 8.00 hr 80.00$ 640.00$ -$ -$ -$ 4,280.00$ TOTAL ADDED LARGE TOOLS AND MAJOR EQUIPMENT Added Large Tools and Major Equipment Description Hitachi Excavator Case Wheel Loader Hired Dump Truck Advance Dump Truck 6/11/25 Cost Breakdown Page 48 of 212 Hours Rate Per RLRW Extended Cost Foreman 6.00 77.39$ 464.34$ Loader Operator 6.00 71.38$ 428.28$ Pipe Layer 6.00 61.78$ 370.68$ Laborer 6.00 55.78$ 334.68$ Truck Driver 6.00 40.18$ 241.08$ Truck Driver 6.00 40.18$ 241.08$ 36 $2,080.14 Added Labor Utility Work Utility Work TOTAL ADDED LABOR Quantity Unit Unit Price Extended Cost 6 Hr 225.00$ 1,350.00$ 6.00 hr 150.00$ 900.00$ 6.00 hr 80.00$ 480.00$ 6.00 hr 80.00$ 480.00$ -$ -$ -$ 3,210.00$ TOTAL ADDED LARGE TOOLS AND MAJOR EQUIPMENT Added Large Tools and Major Equipment Description Hitachi Excavator Case Wheel Loader Hired Dump Truck Advance Dump Truck 6/12/25 Cost Breakdown Page 49 of 212 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Change Order #1 – 2025 Oaks of Jackson Surface Course - Spruce Street and Ridgeway Court - Stark Pavement Corporation for an increase in the amount of $14,340.00 Meeting Date: July 29, 2025 Board of Public Works Background and Analysis: This memo is to inform the Board of Change Order #1 related to the Oaks of Jackson Surface Course, Spruce and Ridgeway Project. This change order addresses necessary field modifications during a construction walk through prior to the project start date. A breakdown of additional costs is as follows: Sidewalk Replacement increase of $7,632.00 The addition of 180 square feet of 4-inch concrete sidewalk is to be removed and replaced. ADA Curb Ramps increase of $5,700.00 The addition of 60 square feet of concrete curb ramps to be removed and replaced, including the reinstallation of existing detectable warning fields. Curb and Gutter increase of $1,008.00 The addition of 6 linear feet of concrete curb and gutter to be removed and replaced. Funding for this Change Order will come from Account Number: 670-00-56700-000-000 (TID #7 – Misc.TID Expense) JS Recommendation: Board of Public Works recommend the Budget and Finance Committee and Village Board approve Change Order #1 in the amount of $14,340.00 to Stark Pavement Corporation. Page 50 of 212 Page 51 of 212 1 Doug Kroes From: Logan Myers <Logan.Myers@villageofjacksonwi.gov> Sent: Thursday, June 19, 2025 3:46 PM To: Jack Straehler Cc: Doug Kroes; Matt Stephan; Jen Heidtke Subject: Re: TID 7 Final Lift Project Follow Up Flag: Follow up Flag Status: Flagged Doug, See below for the measured quantities that were requested. 1. ___ 180 ___Square Feet of Removal & Replacement of 4” Concrete Sidewalk 2. ____ 32 ___Square Feet of Removal & Replacement of Concrete Curb Ramps to include Detectable Warning Fields 3. ____ 5.6 ___Lineal Feet of Removal & Replacement of Concrete Curb and Gutter Logan Myers Engineering Technician Village of Jackson W194 N16660 Eagle Drive Jackson, WI, 53037 Office: (262) 677-0707 ext. 513 Mobile: (414) 573-9137 Email: logan.myers@villageofjacksonwi.gov From: Jack Straehler <jack.straehler@villageofjacksonwi.gov> Sent: Thursday, June 19, 2025 2:57 PM To: Logan Myers <Logan.Myers@villageofjacksonwi.gov> Cc: Doug Kroes <doug.kroes@cedarcorp.com>; Matt Stephan <matt.stephan@cedarcorp.com>; Jen Heidtke <jen.heidtke@villageofjacksonwi.gov> Subject: Fw: TID 7 Final Lift Project Logan, As we discussed, can you please follow up with Doug on the requested information. Thank you, Jack B. Straehler II Director of Public Works Page 52 of 212 2 Village of Jackson W194 N16660 Eagle Drive Jackson, WI 53037 Office: 262-677-0707 Cell: (262) 305-5012 From: Doug Kroes <doug.kroes@cedarcorp.com> Sent: Thursday, June 19, 2025 02:34 PM To: Jack Straehler <jack.straehler@villageofjacksonwi.gov> Cc: Matt Stephan <matt.stephan@cedarcorp.com>; Jen Heidtke <jen.heidtke@villageofjacksonwi.gov> Subject: RE: TID 7 Final Lift Project Jack, Matt is out of the office this week and will be returning Monday but I am more than happy to answer your question. The contract has been bid/awarded so any additions to the contract would be by contract change order which can certainly be done. If you could provide the following estimated units for these items, that would be helpful (I’m assuming that the proposed additional work are replacement items and therefore would be priced as removal and replacement): 1. __________Square Feet of Removal & Replacement of 4” Concrete Sidewalk 2. __________Square Feet of Removal & Replacement of Concrete Curb Ramps to include Detectable Warning Fields 3. __________Lineal Feet of Removal & Replacement of Concrete Curb and Gutter Couple of questions to consider regarding the above items: • Are any of the sidewalk sections through a driveway opening? If so, those areas/units would be 7” concrete. • In regard to the curb ramps, will there be any adjacent curb replacement fronting the ramps? If so, this would be a separate lineal foot item. • In regard to the curb and gutter, is this 30” curb and is it vertical face our mountable type? Also, if you could provide us with the locations of each of the additional items, that would be helpful. Once we receive the requested information, our office can assemble the information in a format that we can request a cost proposal from the Contractor. Please let me know if you have any questions. Thanks Jack, Page 53 of 212 3 Douglas Kroes Senior Construction Manager/Office Manager | Cedar Corporation doug.kroes@cedarcorp.com W61N497 Washington Avenue Cedarburg, WI 53012 Office 262.204.2360 Direct 262.204.2343 Mobile 920.246.6326 www.cedarcorp.com | Facebook | LinkedIn | Instagram This e-mail and any attachments may contain proprietary and confidential information from Cedar Corporation. Please visit our website at http://www.cedarcorp.com/disclaimer for more details. From: Matt Stephan <matt.stephan@cedarcorp.com> Sent: Thursday, June 19, 2025 1:07 PM To: Doug Kroes <doug.kroes@cedarcorp.com> Subject: Fw: TID 7 Final Lift Project Sent from my U.S.Cellular© Smartphone Get Outlook for Android From: Jack Straehler < jack.straehler@villageofjacksonwi.gov > Sent: Thursday, June 19, 2025 1:05:32 PM To: Matt Stephan < matt.stephan@cedarcorp.com > Cc: Jen Heidtke < jen.heidtke@villageofjacksonwi.gov > Subject: TID 7 Final Lift Project Matt, As part of the final lift work for the TID 7 project (Ridgeway & Spruce) with Stark, I’d like to request that we include some additional concrete work. Specifically, we’re looking to add the following items: • (7) sidewalk squares • (4) ADA ramps • (1) section of curb and gutter Can you please confirm whether this work can be handled through a change order, or if it will require a formal contract amendment? Let me know if you need any further details. Thank You, Jack B. Straehler II Director of Public Works Village of Jackson W194 N16660 Eagle Drive Page 54 of 212 4 Jackson, WI 53037 Office: 262-677-0707 X 511 Cell: (262) 305-5012 Page 55 of 212 1 Doug Kroes From: Logan Greve <logang@starkcorp.us> Sent: Tuesday, July 8, 2025 12:03 PM To: Doug Kroes Cc: Matt Stephan; Logan Myers Subject: RE: Jackson Spruce, Ridgeway, Oaks of Jackson: Request for Unit Prices Doug, Please see pricing below. 1. 180 Square Feet of Removal & Replacement of 4” Concrete Sidewalk @ $42.40/SF = $7,632.00 2. 60 Square Feet of Removal & Replacement of Concrete Curb Ramps to include Removal and Reinstallation of Existing Detectable Warning Fields (40sf) @ $95.00/SF = $5,730.00 3. 6 Lineal Feet of Removal & Replacement of Concrete Curb and Gutter @ $168.00/LF = $1,008.00 Assuming all work will be done at the same time as current contracted work. Thank you, Logan Greve Vice President Stark Pavement Corporation Ph: 920-427-3888 Fax: 262-784-6841 logang@starkcorp.us From: Doug Kroes <doug.kroes@cedarcorp.com> Sent: Monday, June 30, 2025 10:40 AM To: Logan Greve <logang@starkcorp.us> Cc: Matt Stephan <matt.stephan@cedarcorp.com>; Logan Myers <Logan.Myers@villageofjacksonwi.gov> Subject: Jackson Spruce, Ridgeway, Oaks of Jackson: Request for Unit Prices Logan: The Owner has directed to have the following items added to the contract Work associated with the subject project. Attached please ﬁnd information indicating the locations of the proposed Work. At your earliest convenience, please provide unit prices for the Work items provided below. Please feel free to contact me should you have any questions. Thank you, 1. 180 Square Feet of Removal & Replacement of 4” Concrete Sidewalk @ $_________________/SF 2. 60 Square Feet of Removal & Replacement of Concrete Curb Ramps to include Removal and Reinstallation of Existing Detectable Warning Fields @ $_________________/SF 3. 6 Lineal Feet of Removal & Replacement of Concrete Curb and Gutter @ $____________________/LF Douglas Kroes Page 56 of 212 2 Senior Construction Manager/O8ice Manager | Cedar Corporation doug.kroes@cedarcorp.com W61N497 Washington Avenue Cedarburg, WI 53012 Oice 262.204.2360 Direct 262.204.2343 Mobile 920.246.6326 www.cedarcorp.com | Facebook | LinkedIn | Instagram This e-mail and any attachments may contain proprietary and confidential information from Cedar Corporation. Please visit our website at http://www.cedarcorp.com/disclaimer for more details. Page 57 of 212 Page 58 of 212 Page 59 of 212 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Pay Request #3 – 2025 Ridgeway Drive and Chestnut Court Reconstruction Project – Advanced Construction in the amount of $447,187.01 Meeting Date: July 29, 2025 Board of Public Works Background and Analysis: This memo is to inform the Board of Pay Request #3 from Advance Construction in the amount of $447,187.01 for work completed on the Ridgeway Drive and Chestnut Court Reconstruction Project. The work has been reviewed and verified for accuracy and completion in accordance with the project contract documents and schedule. Funding for this payment will come from Account Numbers: 600-00-56700-400-000 (Capital Projects Repairs/Construction) $149,062.33 300-00-17600-000-380 (Sewer Construction Work) $149,062.34 200-00-18600-395-300 (Water Construction Work) $149,062.34 If you have any questions, please let me know. JS Recommendation: Board of Public Works recommend the Budget and Finance Committee and Village Board approve Pay Request #3 for Advanced Construction in the amount of $ 447,187.01. Page 60 of 212 Cedarburg • Green Bay • Madison • Menomonie Community Infrastructure • Architecture • Environmental Services W61N497 Washington Avenue Cedarburg, WI 53013 262-204-2360 www.cedarcorp.com July 10, 2025 Village of Jackson N168 W20733 Main Street PO Box 637 Jackson, WI 53037 Attn: Mr. Jack Straehler II, Director of Public Works Subject: Contractor’s Application for Payment No. 3 Ridgeway Drive & Chestnut Court Reconstruction - REBID Cedar Project No. 05789-0020 Dear Mr. Straehler: Enclosed for your use in payment to Advance Construction in the amount of $447,187.01 is Contractor’s Application for Payment No. 3. Please Note: As the Contractor has not yet received payment from the Village related to their Application for Payment No. 2, this application does not include lien waivers from subcontractors and/or material suppliers associated with Application No. 2. These lien waivers will be submitted upon the Contractor’s receipt of payment for the same. Following your review and approval, please complete the application for payment forms within the areas reserved for the Owner. Thereafter, retain one copy for your records, provide the second copy to the Contractor with payment and provide the third copy to our office. Should you have any questions, please feel free to contact me at our Cedarburg office. Sincerely, CEDAR CORPORATION Douglas T. Kroes Senior Construction Manager Enclosed: Contractor’s Application for Payment No. 3 Lien Waivers: Application for Payment No. 1 Cc: Shane Kofler, Advance Construction Page 61 of 212 7/10/25 Page 62 of 212 Page 63 of 212 Page 64 of 212 Page 65 of 212 Page 66 of 212 Page 67 of 212 Page 68 of 212 Page 69 of 212 Page 70 of 212 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Pay Request #1 – 2025 Hickory Lane Reconstruction Project - Vinton Construction in the amount of $356,256.41 Meeting Date: July 29, 2025 Board of Public Works Background and Analysis: This memo is to inform the Board of Pay Request #1 from Vinton Construction in the amount of $356,256.41 for work completed on the Hickory Lane Reconstruction Project. The work has been reviewed and verified for accuracy and completion in accordance with the project contract documents and schedule. Funding for this payment will come from Account Numbers: 600-00-56700-400-000 (Capital Projects – Repairs/Construction) $118,752.13 300-00-17600-000-380 (Sewer Construction Work) $118,752.14 200-00-18600-395-300 (Water Construction Work) $118,752.14 If you have any questions, please let me know. JS Recommendation: Board of Public Works recommend the Bud get and Finance Committee and Village Board approve Pay Request #1 for Vinton Construction in the amount of $356, 256.41. Page 71 of 212 July 21, 2025 Village of Jackson W194 N16660 Eagle Drive Jackson, WI 53037 Attention: Jack Straehler Director of Public Works Subject: Project: VOJ 25-01 Hickory Lane Reconstruction Pay Request #1 Dear Mr. Straehler: Enclosed you will find Pay Request #1 for the Hickory Lane Reconstruction project in the Village of Jackson. The total amount, due to the contractor, has been reduced by five percent (5%) for retainage but not to exceed maximum retainage. This is per Article 6.02.A.1 Progress Payments; Retainage, of Contract Document 00500, Agreement: Work completed, Pay Request #1 = $375,006.75 Retainage, Pay Request #1 (5%) = $18,750.34 Amount due to Contractor, Pay Request #1 = $356,256.41 If you have any questions or comments, please contact me at (262) 343-0351. Sincerely, Ethan Wedemayer Project Inspector Gremmer & Associates, Inc. Page 72 of 212 07/21/2025 $356,256.41 Page 73 of 212 Page 1 of 5Unit Cost Breakdown Project: Jackson Hickory Lane VOJ-25-01 Contractor: Vinton Construction Company Application Date: 07/18/25 VCC Job# 25057 Payment Application #: 1 REVISED ITEM DESCRIPTION OF WORK Scheduled Vs. Percent NO. Actual Complete Quantity UOM Unit Price Amount Quantity Amount Quantity Amount Quantity Amount Add(Deduct) Section 100 Roadway Items 1 100-01 Clearing & Grubbing 1 LS $ 10,000.00 $ 10,000.00 - -$ 1.00 10,000.00$ 1.00 10,000.00$ -$ 100.0% 2 100-02 Removing Curb & Gutter 665 LF $ 5.00 $ 3,325.00 - -$ - -$ - -$ 3,325.00$ 0.0% 3 100-03 Removing Concrete Driveways and Sidewalk 740 SY $ 6.30 $ 4,662.00 - -$ - -$ - -$ 4,662.00$ 0.0% 4 100-04 Removing Guardrail 311 LF $ 2.00 $ 622.00 - -$ 311.00 622.00$ 311.00 622.00$ -$ 100.0% 5 100-05 Excavation Common 7,315 CY $ 24.09 $ 176,218.35 - -$ - -$ - -$ 176,218.35$ 0.0% 6 100-06 Excavation Below Subgrade 1,508 CY $ 18.25 $ 27,521.00 - -$ - -$ - -$ 27,521.00$ 0.0% 7 100-07 Base Aggregate Dense 3/4-Inch 470 TON $ 34.20 $ 16,074.00 - -$ - -$ - -$ 16,074.00$ 0.0% 8 100-08 Base Aggregate Dense 1 1/4-Inch 8,475 TON $ 16.55 $ 140,261.25 - -$ - -$ - -$ 140,261.25$ 0.0% 9 100-09 Base Aggregate Dense 3-Inch 3,320 TON $ 19.47 $ 64,640.40 - -$ - -$ - -$ 64,640.40$ 0.0% 10 100-10 Concrete Driveway 7-Inch 115 SY $ 72.00 $ 8,280.00 - -$ - -$ - -$ 8,280.00$ 0.0% 11 100-11 Drilled Tie Bars 52 EA $ 10.00 $ 520.00 - -$ - -$ - -$ 520.00$ 0.0% 12 100-12 HMA Pavement 3 LT 58-28 S 2,615 TON $ 65.80 $ 172,067.00 - -$ - -$ - -$ 172,067.00$ 0.0% 13 100-13 HMA Pavement 4 LT 58-28 S 1,745 TON $ 71.80 $ 125,291.00 - -$ - -$ - -$ 125,291.00$ 0.0% 14 100-14 Asphaltic Surface Driveways 9 TON $ 120.00 $ 1,080.00 - -$ - -$ - -$ 1,080.00$ 0.0% 15 100-15 Concrete Curb & Gutter 24-Inch 335 LF $ 33.75 $ 11,306.25 - -$ - -$ - -$ 11,306.25$ 0.0% 16 100-16 Concrete Curb & Gutter 30-Inch Type D 835 LF $ 33.75 $ 28,181.25 - -$ - -$ - -$ 28,181.25$ 0.0% 17 100-17 Concrete Sidewalk 4-Inch 9,580 SF $ 6.50 $ 62,270.00 - -$ - -$ - -$ 62,270.00$ 0.0% 18 100-18 Concrete Sidewalk 6-Inch 965 SF $ 7.50 $ 7,237.50 - -$ - -$ - -$ 7,237.50$ 0.0% 19 100-19 Curb Ramp Detectable Warning Field Natural Patina 190 SF $ 28.00 $ 5,320.00 - -$ - -$ - -$ 5,320.00$ 0.0% 20 100-20 Mobilization 1 EA $ 95,500.00 $ 95,500.00 - -$ 0.25 23,875.00$ 0.25 23,875.00$ 71,625.00$ 25.0% 21 100-21 Silt Fence 3,515 LF $ 2.05 $ 7,205.75 - -$ 3,435.00 7,041.75$ 3,435.00 7,041.75$ 164.00$ 97.7% 22 100-22 Temporary Ditch Checks 72 LF $ 8.00 $ 576.00 - -$ 20.00 160.00$ 20.00 160.00$ 416.00$ 27.8% Previous Request This Request To Date Scheduled- Work Completed Total Completed/Stored Page 74 of 212 Page 2 of 5Unit Cost Breakdown Project: Jackson Hickory Lane VOJ-25-01 Contractor: Vinton Construction Company Application Date: 07/18/25 VCC Job# 25057 Payment Application #: 1 REVISED ITEM DESCRIPTION OF WORK Scheduled Vs. Percent NO. Actual Complete Quantity UOM Unit Price Amount Quantity Amount Quantity Amount Quantity Amount Add(Deduct) Previous Request This Request To Date Scheduled- Work Completed Total Completed/Stored 23 100-23 Culvert Pipe Checks 42 EA $ 25.00 $ 1,050.00 - -$ - -$ - -$ 1,050.00$ 0.0% 24 100-24 Inlet Protection Type B 20 EA $ 70.00 $ 1,400.00 - -$ 20.00 1,400.00$ 20.00 1,400.00$ -$ 100.0% 25 100-25 Inlet Protection Type C 25 EA $ 73.00 $ 1,825.00 - -$ 25.00 1,825.00$ 25.00 1,825.00$ -$ 100.0% 26 100-26 Topsoil, Seed, Fertilizer, and Mulch 10,000 SY $ 6.59 $ 65,900.00 - -$ - -$ - -$ 65,900.00$ 0.0% 27 100-27 Topsoil, Seed, Fertilizer, and Erosion Mat 1,100 SY $ 9.99 $ 10,989.00 - -$ - -$ - -$ 10,989.00$ 0.0% 28 100-28 Riprap Medium w/ Geotextile Fabric Type HR 30 CY $ 120.00 $ 3,600.00 - -$ - -$ - -$ 3,600.00$ 0.0% 29 100-29 Geotextile Fabric Type SAS 4,524 SY $ 1.75 $ 7,917.00 - -$ - -$ - -$ 7,917.00$ 0.0% 30 100-30 Traffic Control 1 LS $ 6,000.00 $ 6,000.00 - -$ 0.25 1,500.00$ 0.25 1,500.00$ 4,500.00$ 25.0% 31 100-31 Permanent Signing 1 LS $ 2,300.00 $ 2,300.00 - -$ - -$ - -$ 2,300.00$ 0.0% 32 100-32 Marking Line Epoxy 4-Inch 13,795 LF $ 0.63 $ 8,690.85 - -$ - -$ - -$ 8,690.85$ 0.0% 33 100-33 Marking Stop Line Epoxy 18-Inch 150 LF $ 13.50 $ 2,025.00 - -$ - -$ - -$ 2,025.00$ 0.0% 34 100-34 Marking Crosswalk Epoxy Transverse Line 6-Inch 725 LF $ 10.50 $ 7,612.50 - -$ - -$ - -$ 7,612.50$ 0.0% 35 100-35 Sawing Asphalt 468 LF $ 4.00 $ 1,872.00 - -$ 468.00 1,872.00$ 468.00 1,872.00$ -$ 100.0% 36 100-36 Sawing Concrete 124 LF $ 5.00 $ 620.00 - -$ 70.00 350.00$ 70.00 350.00$ 270.00$ 56.5% 37 100-37 Remove Fallen Trees from Cedar Creek 1 LS $ 5,000.00 $ 5,000.00 - -$ - -$ - -$ 5,000.00$ 0.0% Section 200 Storm Sewer Items - 38 200-01 Removing Manholes 20 EA $ 515.00 $ 10,300.00 - -$ - -$ - -$ 10,300.00$ 0.0% 39 200-02 Removing Inlets 13 EA $ 305.00 $ 3,965.00 - -$ - -$ - -$ 3,965.00$ 0.0% 40 200-03 Removing Storm Sewer 3,207 LF $ 29.00 $ 93,003.00 - -$ 104.00 3,016.00$ 104.00 3,016.00$ 89,987.00$ 3.2% 41 200-04 Abandoning Storm Sewer 40 CY $ 255.00 $ 10,200.00 - -$ - -$ - -$ 10,200.00$ 0.0% 42 200-05 Apron Endwalls for Culvert Pipe Reinforced Concrete 15-Inch 2 EA $ 1,225.00 $ 2,450.00 - -$ - -$ - -$ 2,450.00$ 0.0% 43 200-06 Apron Endwalls for Culvert Pipe Reinforced Concrete 18-Inch 1 EA $ 1,515.00 $ 1,515.00 - -$ - -$ - -$ 1,515.00$ 0.0% Page 75 of 212 Page 3 of 5Unit Cost Breakdown Project: Jackson Hickory Lane VOJ-25-01 Contractor: Vinton Construction Company Application Date: 07/18/25 VCC Job# 25057 Payment Application #: 1 REVISED ITEM DESCRIPTION OF WORK Scheduled Vs. Percent NO. Actual Complete Quantity UOM Unit Price Amount Quantity Amount Quantity Amount Quantity Amount Add(Deduct) Previous Request This Request To Date Scheduled- Work Completed Total Completed/Stored 44 200-07 Apron Endwalls for Culvert Pipe Reinforced Concrete 24-Inch W/ Pipe Grate 1 EA $ 3,565.00 $ 3,565.00 - -$ - -$ - -$ 3,565.00$ 0.0% 45 200-08 Apron Endwalls for Culvert Pipe Reinforced Concrete 60-Inch 1 EA $ 4,060.00 $ 4,060.00 - -$ - -$ - -$ 4,060.00$ 0.0% 46 200-09 Apron Endwalls for Culvert Pipe Reinforced Concrete Horizontal Elliptical 38x60-Inch W/ Pipe Grate 1 EA $ 6,545.00 $ 6,545.00 - -$ 1.00 6,545.00$ 1.00 6,545.00$ -$ 100.0% 47 200-10 Concrete Masonry Endwall 1 EA $ 17,678.00 $ 17,678.00 - -$ - -$ - -$ 17,678.00$ 0.0% 48 200-11 Storm Sewer Pipe Reinforced Concrete Class III 42-Inch 310 LF $ 194.50 $ 60,295.00 - -$ - -$ - -$ 60,295.00$ 0.0% 49 200-12 Storm Sewer Pipe Reinforced Concrete Class III 48-Inch 325 LF $ 240.00 $ 78,000.00 - -$ 35.00 8,400.00$ 35.00 8,400.00$ 69,600.00$ 10.8% 50 200-13 Storm Sewer Pipe Reinforced Concrete Class III 60-Inch 60 LF $ 356.95 $ 21,417.00 - -$ - -$ - -$ 21,417.00$ 0.0% 51 200-14 Storm Sewer Pipe Reinforced Concrete Class IV 12-Inch 34 LF $ 84.00 $ 2,856.00 - -$ - -$ - -$ 2,856.00$ 0.0% 52 200-15 Storm Sewer Pipe Reinforced Concrete Class IV 15-Inch 61 LF $ 84.50 $ 5,154.50 - -$ - -$ - -$ 5,154.50$ 0.0% 53 200-16 Storm Sewer Pipe Reinforced Concrete Class IV 18-Inch 207 LF $ 89.60 $ 18,547.20 - -$ - -$ - -$ 18,547.20$ 0.0% 54 200-17 Storm Sewer Pipe Reinforced Concrete Class IV 24-Inch 43 LF $ 135.00 $ 5,805.00 - -$ - -$ - -$ 5,805.00$ 0.0% 55 200-18 Storm Sewer Pipe Reinforced Concrete Class IV 48-Inch 242 LF $ 278.00 $ 67,276.00 - -$ 228.00 63,384.00$ 228.00 63,384.00$ 3,892.00$ 94.2% 56 200-19 Storm Sewer Pipe Reinforced Concrete Horizontal Elliptical Class HE-IV 38x60-Inch 426 LF $ 357.00 $ 152,082.00 - -$ 420.00 149,940.00$ 420.00 149,940.00$ 2,142.00$ 98.6% 57 200-20 Storm Sewer Pipe Class III-A 12- Inch 186 LF $ 87.35 $ 16,247.10 - -$ - -$ - -$ 16,247.10$ 0.0% 58 200-21 Storm Sewer Pipe Class III-A 15- Inch 188 LF $ 76.30 $ 14,344.40 - -$ - -$ - -$ 14,344.40$ 0.0% 59 200-22 Storm Sewer Pipe Class III-A 18- Inch 152 LF $ 90.85 $ 13,809.20 - -$ - -$ - -$ 13,809.20$ 0.0% 60 200-23 Storm Sewer Pipe Class III-A 24- Inch 506 LF $ 113.00 $ 57,178.00 - -$ - -$ - -$ 57,178.00$ 0.0% 61 200-24 Storm Sewer Pipe Class III-A 30- Inch 25 LF $ 109.20 $ 2,730.00 - -$ - -$ - -$ 2,730.00$ 0.0% 62 200-25 Storm Sewer Pipe Class III-A 36- Inch 576 LF $ 130.00 $ 74,880.00 - -$ - -$ - -$ 74,880.00$ 0.0% 63 200-26 Storm Sewer Pipe PVC 4-Inch 49 LF $ 35.00 $ 1,715.00 - -$ - -$ - -$ 1,715.00$ 0.0% 64 200-27 Storm Sewer Pipe PVC 6-Inch 12 LF $ 35.00 $ 420.00 - -$ - -$ - -$ 420.00$ 0.0% 65 200-28 Storm Sewer Pipe PVC 15-Inch 7 LF $ 127.00 $ 889.00 - -$ - -$ - -$ 889.00$ 0.0% Page 76 of 212 Page 4 of 5Unit Cost Breakdown Project: Jackson Hickory Lane VOJ-25-01 Contractor: Vinton Construction Company Application Date: 07/18/25 VCC Job# 25057 Payment Application #: 1 REVISED ITEM DESCRIPTION OF WORK Scheduled Vs. Percent NO. Actual Complete Quantity UOM Unit Price Amount Quantity Amount Quantity Amount Quantity Amount Add(Deduct) Previous Request This Request To Date Scheduled- Work Completed Total Completed/Stored 66 200-29 Storm Sewer Pipe PVC 18-Inch 5 LF $ 155.00 $ 775.00 - -$ - -$ - -$ 775.00$ 0.0% 67 200-30 Catch Basins 4-FT Diameter w/ Casting 6 EA $ 3,820.00 $ 22,920.00 - -$ - -$ - -$ 22,920.00$ 0.0% 68 200-31 Catch Basins 5-FT Diameter w/ Casting 1 EA $ 5,870.00 $ 5,870.00 - -$ - -$ - -$ 5,870.00$ 0.0% 69 200-32 Catch Basins 2.5x3-FT w/ Casting 13 EA $ 3,670.00 $ 47,710.00 - -$ - -$ - -$ 47,710.00$ 0.0% 70 200-33 Manholes 4-FT Diameter w/ Casting 6 EA $ 3,995.00 $ 23,970.00 - -$ - -$ - -$ 23,970.00$ 0.0% 71 200-34 Manholes 5-FT Diameter w/ Casting 1 EA $ 5,961.00 $ 5,961.00 - -$ - -$ - -$ 5,961.00$ 0.0% 72 200-35 Manholes 6-FT Diameter w/ Casting 3 EA $ 7,414.00 $ 22,242.00 - -$ - -$ - -$ 22,242.00$ 0.0% 73 200-36 Manholes 7-FT Diameter w/ Casting 3 EA $ 9,734.00 $ 29,202.00 - -$ 1.00 9,734.00$ 1.00 9,734.00$ 19,468.00$ 33.3% 74 200-37 Manholes 8-FT Diameter w/ Casting 3 EA $ 12,662.00 $ 37,986.00 - -$ 2.00 25,324.00$ 2.00 25,324.00$ 12,662.00$ 66.7% 75 200-38 Inlets Median 2 Grate w/ Casting 2 EA $ 4,172.00 $ 8,344.00 - -$ - -$ - -$ 8,344.00$ 0.0% 76 200-39 Bulkhead Storm Sewer 15-Inch 4 EA $ 175.00 $ 700.00 - -$ - -$ - -$ 700.00$ 0.0% 77 200-40 Connect to Existing Storm Sewer Lateral 3 EA $ 195.00 $ 585.00 - -$ - -$ - -$ 585.00$ 0.0% 78 200-41 Connect to Existing Storm Sewer Structure 1 EA $ 325.00 $ 325.00 - -$ - -$ - -$ 325.00$ 0.0% 79 200-42 Connect to Existing Storm Sewer Pipe 2 EA $ 850.00 $ 1,700.00 - -$ - -$ - -$ 1,700.00$ 0.0% Section 300 Water Main Items 80 300-01 Connect to Existing Water Main Pipe 2 EA $ 2,635.00 $ 5,270.00 - -$ 2.00 5,270.00$ 2.00 5,270.00$ -$ 100.0% 81 300-02 Remove and Replace Water Service Curb Box 2 EA $ 1,170.00 $ 2,340.00 - -$ - -$ - -$ 2,340.00$ 0.0% 82 300-03 Water Main PVC 8-Inch 16 LF $ 72.00 $ 1,152.00 - -$ 36.50 2,628.00$ 36.50 2,628.00$ (1,476.00)$ 228.1% 83 300-04 Water Service Pipe 1-Inch 42 LF $ 95.00 $ 3,990.00 - -$ - -$ - -$ 3,990.00$ 0.0% 84 300-05 Water Gate Valve 8-Inch 2 EA $ 3,080.00 $ 6,160.00 - -$ 2.00 6,160.00$ 2.00 6,160.00$ -$ 100.0% 85 300-06 Adjusting Water Valve 17 EA $ 300.00 $ 5,100.00 - -$ - -$ - -$ 5,100.00$ 0.0% 86 300-07 Offset Water Main 4 EA $ 7,950.00 $ 31,800.00 - -$ 2.00 15,900.00$ 2.00 15,900.00$ 15,900.00$ 50.0% Page 77 of 212 Page 5 of 5Unit Cost Breakdown Project: Jackson Hickory Lane VOJ-25-01 Contractor: Vinton Construction Company Application Date: 07/18/25 VCC Job# 25057 Payment Application #: 1 REVISED ITEM DESCRIPTION OF WORK Scheduled Vs. Percent NO. Actual Complete Quantity UOM Unit Price Amount Quantity Amount Quantity Amount Quantity Amount Add(Deduct) Previous Request This Request To Date Scheduled- Work Completed Total Completed/Stored Section 400 Sanitary Sewer Items 87 400-01 Sanitary Sewer Manhole Covers Type J-Special 13 EA $ 1,440.00 $ 18,720.00 - -$ 10.00 14,400.00$ 10.00 14,400.00$ 4,320.00$ 76.9% 88 400-02 Sanitary Sewer Manhole Covers Type J-Special - Anchored 1 EA $ 1,540.00 $ 1,540.00 - -$ - -$ - -$ 1,540.00$ 0.0% 89 400-03 Reconstructing Sanitary Sewer Manhole 63 VF $ 450.00 $ 28,350.00 - -$ 34.80 15,660.00$ 34.80 15,660.00$ 12,690.00$ 55.2% 90 400-04 Connect to Existing Sanitary Sewer Pipe 1 EA $ 1,325.00 $ 1,325.00 - -$ - -$ - -$ 1,325.00$ 0.0% 91 400-05 Sanitary Sewer PVC 12-Inch 5 LF $ 88.00 $ 440.00 - -$ - -$ - -$ 440.00$ 0.0% Total: 2,156,363.50$ -$ 375,006.75$ 375,006.75$ 1,781,356.75$ Less: 5% Retainage -$ 18,750.34$ 18,750.34$ Total: -$ 356,256.41$ 356,256.41$ Amount Previously Paid -$ -$ -$ Amount DueThis Request -$ 356,256.41$ 356,256.41$ Page 78 of 212 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Pay Request #17 – 2024 Wastewater Treatment Plant Tertiary Filters and UV Disinfection Project – J.H. Hassinger in the amount of $86,277.10 Meeting Date: July 29, 2025 Board of Public Works Background and Analysis: This memo is to inform the Board of Pay Request #17 from J.H. Hassinger in the amount of $86,277.10 for work completed on the Wastewater Treatment Plant Tertiary Filters and UV Disinfection project. The work has been reviewed and verified for accuracy and completion in accordance with the project contract documents and schedule. Funding for this payment will come from Account Number: 300-00-17600-000-380 (Sewer Construction Work) If you have any questions, please let me know. JS Recommendation: Board of Public Works recommend the Budget and Finance Committee and Village Board approve Pay Request #17 for J.H. Hassinger in the amount of $86,277.10. Page 79 of 212 Page 80 of 212 Page 81 of 212 Page 82 of 212 Taking the lead in Washington County STAFF MEMO Village of Jackson Public Works To: Brian Heckendorf, Village President Jen Heidtke, Village Administrator CC: Board of Public Works; Budget and Finance; Village Board From: Jack Straehler, Director of Public Works Subject: Reimbursement Request #14 – 2024 Wastewater Treatment Plant Tertiary Filters and UV Disinfection Project – Clean Water Fund Loan in the amount of $110,837.84 Meeting Date: July 29, 2025 Board of Public Works Background and Analysis: This memo is to inform the Board of the Clean Water Fund Loan Reimbursement Request #14 in the amount of $110,837.84 for work completed on the Wastewater Treatment Plant Tertiary Filters and UV Disinfection Project. The work has been reviewed and verified for accuracy and completion in accordance with the project contract documents and schedule. Funding from this payment will reimburse Account Number: 300-00-17600-000-380 (Sewer Construction Work) If you have any questions, please let me know. JS Recommendation: Board of Public Works recommend the Budget and Finance Committee and Village Board approve the Clean Water Fund Loan Reimbursement Request #14 in the amount of $110,837.84. Page 83 of 212 Page 84 of 212 Page 85 of 212 Page 86 of 212 Page 87 of 212 $ ēė|:ė>s>ė ±Lßà1É3ė4Ãė¡1JÛĄ4åė ¨w@´<@<ė¥1Læė«ú33ė ¸JÜą4çaėµ tė AėE ėYė M*ė7gė Nė%ė² #\ėA Xė!#6 ė ė5Ù ė ė Ăãė +ė ėĈė öÚ ė÷ èė ė Ï ėÈė Ph%ė kėė ė ûQÐėÄė ė ė ėøėė ü"ėĆ ėÑĉėėºéėý2ėRėÒ ½ ė lė ' 8(ªÓėė)0ėêþė ėÇăė mė ė/)¬ėė » ė6$ R ù&čėÊËn ' 8ėiFė ėWSėñė ėėĊ5ėáëėUėÿIÔ ė&Ā ė+ė%ėÅėĒ% ė& ė&N ė#o ' ],;x^ė (Gėė ÕėOėėĎKėT ėÆė ėG !*ė #- ' 9,y:_ė (Fėė !ėÝė$ėďKėT !ėėė0 ėėP - ' 9Z}.b`ė (¯ėÖė ċė"ėIė ėòėė Ìė #ėV5ė ©ÞX2ėV *%r Ė [~uėj ¿ìÀā¹ ėí¾×ČØóćėî2ė)Á- °ÍėĐ+ ė7=;ė ėėS ė"ė ėėE+ėB!*Â$Ĕė6 ėėėė ïĕė ð¼ėė,c={pė ė¦qė¢Î"ė CėUė®Wdė£¤Bė HėD?.ė Qė&đė Côäė) âeė¶/ėė ³M ėė"õė DH.zė§$ė0 ė O$fė·/ė?vė # !" Page 88 of 212 ` ` ` ` ` ` ` ` ` _ ` &` ` ` ` ` ` ` ` ` ` .(.#` MMB6]LL5` "L6`6`6`B13A` R65>W` R65>X` &LRW=F0J5` $LLR6` %LLR8` !03AULJ`LHHZK>W^`6JV6R`55>V>LK` ']J7R`=0K<6`'R56R``03AZM`*ZHI0R^` )6N0>RU`K60P`:RLJV`7JVR1J36`1;6R`9LRH6R`U><K0<6`Q6HL\65` 5@[UVH6KW`L9`>JD6V`VL`033LHL30W7`R6\?U65`<S056U` BBL]1J36`9LR`-6UV>J<` BBL]0J36`9LR`+L>B`LR>J<U` HL[JV`JLV`ZU75`:LR`7OZ>MH7JV` ,Z2VLV1C` 6K6R1B`LJ5>W>LJU` 86` /JAJL]J`0H0<6`5?U3L\6R75`5ZR>K<`U><J`R6HL\0C` ?\>B`9LR`]6UV`]1U`1EV6R65`MLUV`>KB7W`3LJUVRZ4W?LK` B>6KW`1EBL]1K36`3T65>V` B>6KW`1GBL]0K36`3R65>V` &L`6OZ>MH7JY`LR57R75` Page 89 of 212 c c c c c c bc c c c c c c c c c c c c c c c c c .Y0V=J:cMIY=J:6J2ac cc OOQM]64c3NWc c -6H0=I=I:cMJY=I:6I2ac c ,6J4?I:c cc ,6J4=I:c-7H0=J=I:c cc (02BWMIcMHHZJ=Yac6IX6Qc <0I:6c*Q46Qc.ZHH0Uac .YR[2YZR0Cc2<0I:6c6_=WY=I:c2MI4=Y=MIWc)0XZR0Cc%0WcC=I6c2c Q64=Yc9MRc/c26=E=J:c:R=4c -"DWcWH0ECc044WcH=WW6WcW6]6S0CcWH0CCc464Z2XWc -6]=W64cW=:I0:6c0J4c0WWM2=0Y64cYR046Wc %0Q10:6c6I2GMWZR6c0226WWc2MIYSMCc4MMQc<4^QcWMC=4cW\Q9 c -6Y0=K=I;c^0CCc^6WYc:R04=I:c &#. cO0]6H6IXcOYc '$.cQ6O0=Qc[Y=C=Yac04@ZWYH6IYc0CCM^0I26c2Q64=YWc Wc0I4c-!DWc OOQM]64c /cMOY=MIc6`26OY64c OOQM]64c -"DWc/cc-6P\6WYWc OORM]64c -6]=W65c.=:I0:6c6W=:Ic OOTM]64c -"DWcc-6PZ6WYWc OORM]64c -"FWcc-6P\6WYWc OORM]64c L4cM8c+RMA62Yc ,6I4>I:c Page 90 of 212 Village of Jackson Community Center Addition Application and Certification for Payment July 2025 Summary W146 N5650 Enterprise Avenue | Menomonee Falls, WI 53051 | P: 262-345-1280 | F: 262-345-1281 www.moore-cs.com Village of Jackson Parks and Recreation Department N165W20330 Hickory Lane Jackson, Wisconsin 53037 Attn: Tyler Mentzel, Parks and Recreation Director RE: Jackson Community Center Addition Project Pay Application #14 MCS Project # 23033 Enclosed for your use in payment to Moore Construction Services is Pay Application #14 for $44,940.70. Moore Construction Services has verified the work completed by project contractors and approved the amounts included in column G of the AIA G702 and G703 Application and Certification for Payment. Following your review and approval, please complete the application for payment forms within the areas reserved for the OWNER. Thereafter, retain one copy for your records, provide the second copy to Moore Construction Services. Please feel free to contact me with any questions or concerns. Regards, Jason M. Kruchko Moore Construction Services Project Manager Enclosed: AIA G702-1992 Application and Certificate for Payment #1 dated July 31, 2025 Regards, Jason M. Kruchko Page 91 of 212 Page 92 of 212 Page 93 of 212 Page 94 of 212 Jackson Parks & Recreation N165 W20330Hickory Lane Jackson, WI 53037 (262) 677-9665 parkrec@villageofjacksonwi.gov MEMO DATE 7/15/2025 TO FROM REGARDING Park and Recreation Commission Tyler Mentzel Jackson Parks & Recreation Director tyler.mentzel@villageofjacksonwi.gov Phone Ext: (262) 677-9665 x113 Agenda Item #4 Cedar Run – Dog Park Project Bid Review and Staff Recommendation In 2024, the Village Board approved a budget of $500,000 for the engineering and construction of a dog park in Jackson. The Village subsequently entered a contract with MSA Professional Services to conduct a feasibility study, determine the most suitable location, complete engineering plans, and manage the project through the bid opening phase. Following site analysis and coordination with Village staff, Cedar Run Park was identified as the preferred location for the dog park. Bid openings for the project were held on July 2, 2024, and two bids were received: • Lowe Underground, Inc. – $217,614.10 • C.W. Purpero, Inc. – $310,458.00 After reviewing the bids, MSA recommends awarding the contract to Lowe Underground, Inc., the lowest responsive and responsible bidder. Lowe Underground Inc. has been evaluated and determined to be a qualified contractor capable of meeting the project’s scope and expectations. Project Scope The scope of work for this phase of the project includes: • Installation of a perimeter fence around the park • Tree removal and turf replacement to create open play areas for dogs • Construction of mulched walking paths • Creation of a separate, smaller fenced area for small dogs to be separated from large dogs if desired Page 95 of 212 Jackson Parks & Recreation N165 W20330Hickory Lane Jackson, WI 53037 (262) 677-9665 parkrec@villageofjacksonwi.gov Page 2 Project Timeline • Start is anticipated to begin fall of 2025 • Substantial completion is anticipated by May 15, 2026 • Completion is scheduled for June 15, 2026 Project Funding The project is being funded as part of the Capital Improvement Plan with GO Notes. The project scope does not include amenities such as signage, park benches, or other park features. Village staff are currently developing sponsorship opportunities to include such amenities which will also be used to help with the project. Staff is also working with the Friends of Parks and Recreation on additional fundraising and outreach efforts as part of the next steps in the project. Recommendation Staff recommend that the Village proceed with awarding the construction contract for the Dog Park at Cedar Run Park to Lowe Underground, Inc., in the amount of $217,614.10, contingent on final contract execution and approval of construction oversight services. Attachment: 1. Bid Comparison Spreadsheet 2. Lowe Underground Bid Documents Page 96 of 212 Village of Jackson Cedar Creek Dog Park Project (#9734010) Owner: Village of Jackson Solicitor: MSA Professional Services - Baraboo 07/02/2025 10:00 AM CDT MSA Project #05900007 Item Code Item Description UofM Quantity Unit Price Extension Unit Price Extension General 1 MOBILIZATION, BONDS & INSURANCE LS 1 $16,000.00 $16,000.00 $8,000.00 $8,000.00 2 CONSTRUCTION LAYOUT LS 1 $3,850.00 $3,850.00 $5,000.00 $5,000.00 3 EROSION AND SEDIMENTATION CONTROL LS 1 $7,650.00 $7,650.00 $17,000.00 $17,000.00 4 TURF AND SITE RESTORATION LS 1 $42,841.00 $42,841.00 $55,500.00 $55,500.00 5 CLEARING AND GRUBBING LS 1 $21,244.00 $21,244.00 $31,000.00 $31,000.00 6 UNCLASSIFIED EXCAVATION LS 1 $16,750.00 $16,750.00 $69,000.00 $69,000.00 7 5-INCH CONCRETE SIDEWALK WITH BASE SF 450 $14.50 $6,525.00 $26.00 $11,700.00 8 POST AND WOVEN WIRE FENCE, 4-FOOT LF 1970 $30.24 $59,572.80 $29.00 $57,130.00 9 POST AND WOVEN WIRE FENCE, PEDESTRIAN GATE EA 3 $1,098.00 $3,294.00 $1,036.00 $3,108.00 10 POST AND WOVEN WIRE FENCE, SERVICE GATE EA 2 $2,978.00 $5,956.00 $2,690.00 $5,380.00 11 WOOD CHIP PATH CY 370 $31.69 $11,725.30 $45.00 $16,650.00 12 DENSE GRADED BASE, 1 1/4 INCH TON 450 $35.00 $15,750.00 $55.00 $24,750.00 13 GEOTEXTILE FABRIC, TYPE DF SY 2400 $2.69 $6,456.00 $2.60 $6,240.00 Base Bid Total Lines 1 - 13: $217,614.10 $310,458.00 Lowe Underground, Inc. C.W. Purpero, Inc Page 97 of 212 G:\05\05900\05900007\Spec\Construction Contracts\1_NOA to Owner\NOA Letter_05900007.docx 1230 South Boulevard Baraboo, WI 53913 (800) 362-4505 www.msa-ps.com July 3, 2025 Brian Heckendorf, Village President Village of Jackson N168W19851 Main St. Jackson, WI 53037 Re: Cedar Creek Dog Park Village of Jackson Dear Mr. Heckendorf: Upon review of the bids received on July 2, 2025 for the above -referenced project, it was found that they were submitted by qualified contractors. We received two bids and bids ranged from $217,614.10 to $310,458.00. It is our recommendation that the low responsive bidder listed below be accepted and award made at your next meeting. Lowe Underground, Inc. 13201 W. Silver Spring Rd. Butler, WI 53007 Bid Amount $217,614.10 Please execute the enclosed Notice of Award for the contract . Once the form is signed, please email a copy back to sgranberg@msa-ps.com and mssmith@msa-ps.com. After receiving the executed cop y, we will forward one copy of the Notice of Award and the remaining contract package to the Contractor. Sincerely, MSA Professional Services, Inc. Shelley Granberg, P.E. Project Manager mss Enc. Page 98 of 212 00 51 00 Notice of Award EJCDC® C-510, Notice of Award. Copyright© 2018 National Society of Professional Engineers, American Council of Engineering Companies, and American Society of Civil Engineers. All rights reserved. G:\05\05900\05900007\Spec\Construction Contracts\1_NOA to Owner\NOA Doc_05900007.docx NOTICE OF AWARD Date of Issuance: Owner: Village of Jackson Owner's Contract No.: Engineer: MSA Professional Services, Inc Engineer's Project No.:05900007 Contract: Village of Jackson - Cedar Creek Dog Park Bidder: Lowe Underground, Inc. Bidder's Address: 13201 W. Silver Spring Rd., Butler, WI 53007 You are notified that your Bid dated July 2, 2025 for the above Contract , and that you are the Successful Bidder and are awarded a Contract for Cedar Creek Dog Park Describe Work, alternates, or sections of Work awarded.] The Contract Price of your Contract is two hundred seventeen thousand, six hundred fourteen dollars and ten cents Dollars ($217,614.10). Contract Price is subject to adjustment based on the provisions of the Contract, including but not limited to those governing changes, Unit Price Work, and Work performed on a cost -plus-fee basis, as applicable. 1 unexecuted counterparts of the Agreement accompany this Notice of Award, and one copy of the Contract Documents accompanies this Notice of Award, or has been transmitted or made available to Bidder electronically. ☐ Drawings will be delivered separately from the other Contract Documents. You must comply with the following conditions precedent within 15 days of the date of receipt of this Notice of Award: 1. Deliver to Owner 1 counterparts of the Agreement, signed by Bidder (as Contractor). 2. Deliver with the signed Agreement(s) the Contract security (such as required performance and payment bonds) and insurance documentation, as specified in the Instructions to Bidders and in the General Conditions, Articles 2 and 6. 3. Other conditions precedent (if any): _______________________________________________________________________________ _______________________________________________________________________________ Failure to comply with these conditions within the time specified will entitle Owner to consider you in default, annul this Notice of Award, and declare your Bid security forfeited. Within 10 days after you comply with the above conditions, Owner will return to you one fully signed counterpart of the Agreement, together with any additional copies of the Contract Documents as indicated in Paragraph 2.02 of the General Conditions. Owner: Village of Jackson _____________________________________________________________________ By (signature): _____________________________________________________________________ Name (printed): _____________________________________________________________________ Title: _______________________________________________________________________________________________ Copy to Engineer Page 99 of 212 Page 100 of 212 Page 101 of 212 Page 102 of 212 Page 103 of 212 Page 104 of 212 Page 105 of 212 Page 106 of 212 TO WHOM IT MAY CONCERN: I, Tyler Lowe, hereby warrant that I am the president of Lowe Underground, Inc. and have the sole authority to sign contracts and other construction documents on behalf of the corporation. Signed: _____________________________ Date: 5/14/2025 Lowe Underground, Inc. Tyler Lowe Page 107 of 212 Page 108 of 212 Page 109 of 212 Page 110 of 212 Page 111 of 212 Page 112 of 212 Page 113 of 212 Page 114 of 212 Page 115 of 212 Page 116 of 212 Page 117 of 212 SIMILAR/IMPORTANT PROJECTS Jones Road Parking Lot (2024 Delafield, WI) – Construction of New Parking Lot including storm sewer install, paving, grading, concrete sidewalks, new pond, and excavation for el ectrical conduit. Joe Moravec (DFD) 608-228-7680 State Fair Inﬁeld Storage (2024 West Allis, WI) – Renovation of the Inﬁeld at Milwaukee M ile Speedway including storm sewer install, paving, grading, concrete pads, fencing, and e xcavation for electrical conduit. Heather Beilke (DFD) 414-550-3524 West Allis PD (2023 West Allis, WI) – Site Work for Install of New Generator including fencing, brick patching ,concrete pads, and excavation for electrical conduit. Frank Macino (Donohue) 312-583-7233 Page 118 of 212 Asset List Using (name)Last to use (name)Issues with equipment? Duration of use Volvo Dump Truck Keniworth Dump 650 JD Dozer 2024 JD 135 Excavator JD 210 Excavator 700 JD Dozer 2023 Tag trailer triple axcel Small internatation Dump Sterling Yellow City MKE Dump F750 Red Dump 450 Dump Ford old 450 Dump ford new Chevy Dump 3500 F450 Black flat bed F150 Single Cab Long Bed Mazddddaaaa Shovel Tilt Deck Trailer Old Ramp one (needs repair) Shitty light duty flat bed car carrier Felling Trailer Skid Trailer #1 Felling Trailer Skid Trailer #2 Tag trailer with air brakes Yellow tag trailer Wire reel trailer Big reel trailer Yellow Reel Trailer Cummins reel trailer 20x23 Vermeer 20x23 Vermeer 23x24 Vermeer 20x22 Vermeer Semi Box truck Aldo Automatic drill box truck Jack Drill truck Case front end loader 135 Excavator JD 85 Excavator JD E50 Excavator Bobcat Tint E50 Excavator Bobcat E35 Excavator E35 Excavator JCB excavator Scrubber Page 119 of 212 E10 baby mini JD Skid 770 Track Loader Skid 775 Poblocki #1 Skid 775 Poblocki #2 Skid Pure P skid 250 Bobcat 300 Skid Bobcat Forks Skid #1 Forks Skid #2 Sweeper Skid Steer Trencher Excavator Vac Wagon #1 Vac Wagon #2 Large Hydro Vac Pete White blue digger derrick Newer white digger derrick Red Digger derrick needs fixed F450 Bucket Truck Old Big Bucket truck Newer big bucket truck Pole Tipper Attachement #1 Pole Tipper Attachement #2 Auger truck *** Core drill #1 Jack Core Drill #2 Aldo Core drill #3 Goose Generator #1 Brian Generator #2 Generator #3 Gas Saw #1 Gas Saw #2 Gas Saw #3 Gas Saw #4 Aircompressor trailer Ground rod pounder Page 120 of 212 Location of equipent Page 121 of 212 Balance Sheet Page 1 LOWE UNDERGROUND, INC. 5/2/25 14:37 As of Dec, 2024 Company: L4 Assets PNC CHECKING 161,648.38 ACCOUNTS RECEIVABLE COMMERCIAL 26,400.00 EMPLOYEE ADVANCES 250.00 TRANSPORATION EQUIPMENT 110,000.00 JOB EQUIPMENT 1,554,007.29 ACCUMULATED DEPRECIATION -1,070,658.35 ACCUM DEPREC JOB EQUIPMENT -347,455.57 Total Assets 434,191.75 = Page 122 of 212 Balance Sheet Page 2 LOWE UNDERGROUND, INC. 5/2/25 14:37 As of Dec, 2024 Company: L4 Liabilities & Equity LOANS PAYABLE 396,467.86 ACCOUNTS PAYABLE -1,531.03 FED/FICA/MEDICARE TAXES 941 10,782.15 WI WITHHOLDING WT-6 11,365.00 ACCRUED PAYROLL -0.01 STATE UNEMPLOYMENT TAX 2,640.43 ACCRUED SALES TAX--WI 891.00 Equity COMMON STOCK 500.00 RETAINED EARNINGS 26,620.75 PROFIT DISTRIBUTION -70,717.00 YEAR TO DATE PROFIT OR LOSS 57,172.60 Total Equity 13,576.35 Total Liabilities & Equity 434,191.75 = Page 123 of 212 Page 124 of 212 CONTRACTS ON HAND NAME: Malone Park Improvements – New Berlin, WI EST. COMPLETION: June 2026 CONTRACT AMOUNT: $1,150,000 NAME: McGaw Park Pickleball Courts – Fitchburg, WI EST. COMPLETION: November 2025 CONTRACT AMOUNT: $225,000 Page 125 of 212 STATEMENT OF BACKGROUND/EXPERIENCE OF PRINCIPAL MEMBERS Tyler Lowe – PM/Estimator 10+ Years Experience Excavation/Earthwork Connor Anderson – PM 10+ Years Excavation/Storm Sewer Max Anderson – Foreman 10+ Years Excavation/Directional Drilling Page 126 of 212 Page 127 of 212 Page 128 of 212 Page 129 of 212 Village of Jackson Cedar Creek Dog Park Project (#9734010) Owner: Village of Jackson Solicitor: MSA Professional Services - Baraboo 07/02/2025 10:00 AM CDT MSA Project #05900007 Item Code Item Description UofM Quantity Unit Price Extension Unit Price Extension General 1 MOBILIZATION, BONDS & INSURANCE LS 1 $16,000.00 $16,000.00 $8,000.00 $8,000.00 2 CONSTRUCTION LAYOUT LS 1 $3,850.00 $3,850.00 $5,000.00 $5,000.00 3 EROSION AND SEDIMENTATION CONTROL LS 1 $7,650.00 $7,650.00 $17,000.00 $17,000.00 4 TURF AND SITE RESTORATION LS 1 $42,841.00 $42,841.00 $55,500.00 $55,500.00 5 CLEARING AND GRUBBING LS 1 $21,244.00 $21,244.00 $31,000.00 $31,000.00 6 UNCLASSIFIED EXCAVATION LS 1 $16,750.00 $16,750.00 $69,000.00 $69,000.00 7 5-INCH CONCRETE SIDEWALK WITH BASE SF 450 $14.50 $6,525.00 $26.00 $11,700.00 8 POST AND WOVEN WIRE FENCE, 4-FOOT LF 1970 $30.24 $59,572.80 $29.00 $57,130.00 9 POST AND WOVEN WIRE FENCE, PEDESTRIAN GATE EA 3 $1,098.00 $3,294.00 $1,036.00 $3,108.00 10 POST AND WOVEN WIRE FENCE, SERVICE GATE EA 2 $2,978.00 $5,956.00 $2,690.00 $5,380.00 11 WOOD CHIP PATH CY 370 $31.69 $11,725.30 $45.00 $16,650.00 12 DENSE GRADED BASE, 1 1/4 INCH TON 450 $35.00 $15,750.00 $55.00 $24,750.00 13 GEOTEXTILE FABRIC, TYPE DF SY 2400 $2.69 $6,456.00 $2.60 $6,240.00 Base Bid Total Lines 1 - 13: $217,614.10 $310,458.00 Lowe Underground, Inc. C.W. Purpero, Inc Page 130 of 212 Page 1 of 4 G:\05\05900\05900007\Contract\Amendment 1\05900007 Jackson Amendment 1.docx Amendment No: 1 MSA Design Project Number: 05900007 MSA Construction Project Number: 05900011 Date of Issuance: 01/16/2024 This is an amendment to the Agreement dated July 7, 2025 and does acknowledge that MSA Professional Services, Inc. (MSA) is authorized to begin work on the following project amendment: MSA PROFESSIONAL SERVICES, INC (MSA) Address: 1230 South Boulevard, Baraboo, WI 53913 Phone: (608) 356-2771 Representative: Marcus Rue, PE Email: mrue@msa-ps.com VILLAGE OF JACKSON (OWNER) Address: N165W20330 Hickory Lane, Jackson, WI 53037 Phone: (262) 677-9665 x 113 Representative: Tyler Mentzel Email: tyler.mentzel@villageofjacksonwi.gov Project Name: Cedar Run Dog Park Improvements The project scope has changed due to: Addition of Construction Related Services The scope of the work authorized is: See Attachment A: Scope of Services The schedule to perform the work is: Approximate Start Date: July 2025 Approximate Completion Date: June 2026 The estimated fee for the work is: $15,550 Any attachments or exhibits referenced in this A mendment are made part of the original Agreement. Payment for these services will be on a time and expense basis. Attachment B: Rate Schedule is attached and made part of this Agreement Approval: MSA shall commence work on this project in accordance with your written authorization. This authorization is acknowledged by signature of the authorized representatives of the parties to this Amendment. A copy of this Amendment signed by the authorized representatives shall be returned for our files. If a signed copy of this Authorization is not received by MSA within seven days from the date of issuance, MSA may stop work on the project. VILLAGE OF JACKSON MSA PROFESSIONAL SERVICES, INC. Tyler Mentzel Marcus Rue, PE Parks & Recreation Director Team Leader Date: Date: 7/21/2025 Page 131 of 212 Page 2 of 4 (Attachment A: Scope of Services) G:\05\05900\05900007\Contract\Amendment 1\05900007 Jackson Amendment 1.docx ATTACHMENT A: SCOPE OF SERVICES PROJECT UNDERSTANDING The bid opening for the Village of Jackson’s Cedar Run Community Dog Park project was held on July 2, 2025, at 10:00 a.m. Per the bidding documents, substantial completion is targeted for May 15, 2026, with final completion set for June 15, 2026. This Amendment authorizes Construction Related Services under a new project number 05900011 associated with the prior Professional Services Agreement Cedar Run Dog Park Improvements for design and bidding services MSA project number 05900007. The construction-related services detailed below will be provided on a time and expense basis and are separate from the lump sum contract of the design and bidding services. Construction Administration/Observation (assumes 4 weeks of active construction activity) 1. Construction Administration a. Manage and coordinate project team, budget and schedules. Maintain communication with Owner and stakeholders on project. b. Facilitate a preconstruction meeting and incidental progress meetings. c. Respond to Contractor Requests for Information and assist in interpretation of contract documents in person, in writing, or by telephone. d. Review Contractor Shop Drawings, Submittals, Schedules and Samples for compliance with Construction Documents. (Assume 20 hours.) e. Review Change Order requests from Contractor; recommend Change Orders to Owner as appropriate. f. Prepare preliminary and final punch list (items to be completed or corrected), and Substantial Completion Certificate. Review Contractor work and completion documents for compliance with construction contract and readiness for final payment (includes warranty documentation and lien waiver review). 2. Construction Observation a. MSA will provide part -time field observation of the construction to observe the progress and quality of the Contractor’s work on the Project. Duties and responsibilities of the CO include: i. Attend meetings with Contractor and job progress meetings as needed. ( Assume 2 meetings.) ii. Assist in communication between Engineer, Contractor and Owner, especially when additional information, interpretation, or clarification is needed regarding existing conditions or contract documents. iii. Perform on -site observations of Contractor’s work in progress to assist Engineer in determining if the Work is in general proceeding in accordance with the Contract Documents. Assume 28 hours including travel time to the site and a total of Four (4) site visits. iv. Maintain and prepare a daily field report recording Contractor’s hours and activities at the site. v. Review applications for payment with regard to Work completed, and materials and equipment delivered at the Site. Assume 2 pay applications total. vi. Participate in visits to the Project to determine punch list items, and readiness for Substantial Completion and Final Completion. Assume 10 hours for this work. vii. Prepare Record Drawings based on addenda, Field Orders, Change Orders and Contractor’s Records. Page 132 of 212 Page 3 of 4 (Attachment A: Scope of Services) G:\05\05900\05900007\Contract\Amendment 1\05900007 Jackson Amendment 1.docx Additional Services: Services that are not included in the above Scope of Services can be provided under separate contract or by amending the scope and fee listed in this Agreement. Examples of additional services that may be needed or desired for completion of the project include: 1. Survey mapping and monumentation 2. Additional meetings not specifically listed in the scope. 3. Additional services required due to active construction schedule extension beyond substantial completion date or the presumed 4-week duration of heavy construction or due to contractor non- performance. 4. Accommodations for environmental hazards, endangered species, or historical or cultural issues at or near the project site. 5. Changes to Owner’s electronic Geographic Information System to reflect changes from project. 6. Public Engagement and Meeting. 7. Permit assistance related to surface waters and wetlands. 8. Floodplain Documents and permitting. 9. Work outside the identified construction limits of this Phase. 10. Environmental impacts discovered construction. 11. Wetland Delineation and Associated Permitting Page 133 of 212 Page 4 of 4 (Attachment B: Rate Schedule) G:\05\05900\05900007\Contract\Amendment 1\05900007 Jackson Amendment 1.docx ATTACHMENT B: RATE SCHEDULE CLASSIFICATION LABOR RATE Administrative $ 85 – $154/hr. Architects $ 85 – $198/hr. Community Development Specialists $137 – $198/hr. Digital Design $115 – $151/hr. Environmental Scientists/Hydrogeologists $110 – $193/hr. Geographic Information Systems (GIS) $100 – $193/hr. Housing Administration $ 97 – $198/hr. Inspectors/Zoning Administrators $110 – $160/hr. IT Support $175 – $193/hr. Land Surveying $ 85 – $198/hr. Landscape Designers & Architects $ 85 – $220/hr. Planners $ 85 – $215/hr. Principals $225 – $314/hr. Professional Engineers/Designers of Engineering Systems $155 – $204/hr. Project Managers $120 – $248/hr. Real Estate Professionals $140 – $193/hr. Staff Engineers $ 85 – $149/hr. Technicians $100 – $151/hr. Wastewater Treatment Plant Operator $ 92 – $118/hr. REIMBURSABLE EXPENSES Copies/Prints ............................................................................................. Rate based on volume Specs/Reports ............................................................................... $10 Copies ........................................................................................... $0.14/page Plots ............................................................................................... $0.01/sq.in. Flash Drive ..................................................................................... $10 GPS Equipment ......................................................................................... $20/hour - $10.75/hour for DOT GPS R2 Equipment .................................................................................. $20/hour - $2/hour for DOT Dini Laser Level ......................................................................................... $85/per day Mailing/UPS ............................................................................................... At cost Mileage – Reimbursement ......................................................................... IRS Rate – IRS Rate + $5/day Mileage – MSA Vehicle.............................................................................. $0.70 mile standard/ .................................................................................................................. $0.69 mile for DOT Nuclear Density Testing ............................................................................. $30/day Organic Vapor Field Meter ......................................................................... $100/day PC/CADD Machine .................................................................................... Included in labor rates Robotic Survey Equipment ........................................................................ $20/hour - $10/hour for DOT Stakes/Lath/Rods ...................................................................................... At cost Travel Expenses, Lodging, & Meals........................................................... At cost Traffic Counting Equipment & Data Processing ......................................... At cost Geodimeter ................................................................................................ $30/hour Drone Flight ............................................................................................... $375/flight - $360/flight for DOT Labor rates represent an average or range for a particular job classification. These rates are in effect until December 31, 2025. Page 134 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON _____________________________ INDEPENDENT AUDITORS’ REPORT AND FINANCIAL STATEMENTS _____________________________ YEAR ENDED DECEMBER 31, 2024 Page 135 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON TABLE OF CONTENTS PAGE(s) INDEPENDENT AUDITORS’ REPORT 1 - 3 BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS STATEMENT OF NET POSITION 4 STATEMENT OF ACTIVITIES 5 FUND FINANCIAL STATEMENTS BALANCE SHEET - GOVERNMENTAL FUNDS 6 RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION 7 STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS 8 RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES 9 STATEMENT OF NET POSITION - PROPRIETARY FUNDS 10 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - PROPRIETARY FUNDS 11 STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS 12 - 13 STATEMENT OF FIDUCIARY NET POSITION – FIDUCIARY FUND 14 STATEMENT OF CHANGES IN FIDUCIARY NET POSITION – FIDUCIARY FUND 14 NOTES TO FINANCIAL STATEMENTS 15 - 52 REQUIRED SUPPLEMENTARY INFORMATION BUDGETARY COMPARISON SCHEDULE – GENERAL FUND REVENUES 54 - 55 BUDGETARY COMPARISON SCHEDULE – GENERAL FUND EXPENDITURES 56 - 57 Page 136 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON TABLE OF CONTENTS - CONTINUED PAGE(s) REQUIRED SUPPLEMENTARY INFORMATION (CONTINUED) SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY (ASSET) - WISCONSIN RETIREMENT SYSTEM 58 SCHEDULE OF CONTRIBUTIONS - WISCONSIN RETIREMENT SYSTEM 58 SCHEDULE OF PROPORTIONATE SHARE OF NET OPEB LIABILITY (ASSET) 59 SCHEDULE OF CONTRIBUTIONS - OPEB 59 NOTES TO REQUIRED SUPPLEMENTARY INFORMATION 60 - 63 SUPPLEMENTARY INFORMATION COMBINING BALANCE SHEET – NONMAJOR GOVERNMENTAL FUNDS - SPECIAL REVENUE 65 COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS - SPECIAL REVENUE 66 COMBINING BALANCE SHEETS – NONMAJOR GOVERNMENTAL FUNDS - CAPITAL PROJECTS 67 COMBINING STATEMENTS OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – NONMAJOR GOVERNMENTAL FUNDS - CAPITAL PROJECTS 68 Page 137 of 212 DRAFT 6/27/2025 INDEPENDENT AUDITORS’ REPORT To the Village Board Village of Jackson, Wisconsin Opinions We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Village of Jackson (the “Village”), as of and for the year ended December 31, 2023, and the related notes to the financial statements, which collectively comprise the Village of Jackson’s basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Village, as of December 31, 2024, and the respective changes in financial position and, where applicable, cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of Financial Statements section of our report. We are required to be independent of the Village and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Change in Accounting Principle As described in Note J to the financial statements, the Village has adopted new accounting guidance, GASB Statement No. 96, Subscription-Based Information Technology Arrangements and GASB Statement No. 100, Accounting Changes and Error Corrections-an Amendment of GASB Statement No. 62. Our opinions are not modified with respect to these matters. Page 138 of 212 DRAFT 6/27/2025 To the Village Board Village of Jackson, Wisconsin - 2 - Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Village’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditors’ Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards, we: x Exercise professional judgment and maintain professional skepticism throughout the audit. x Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. x Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Village’s internal control. Accordingly, no such opinion is expressed. x Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. x Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Village’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. Page 139 of 212 DRAFT 6/27/2025 To the Village Board Village of Jackson, Wisconsin - 3 - Required Supplementary Information Accounting principles generally accepted in the United States of America require that the required supplementary information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Management has omitted the Management’s Discussion and Analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Our opinions on the basic financial statements are not affected by this missing information. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Village’s basic financial statements. The accompanying supplementary information, as listed in the table of contents, is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management as was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the basic financial statements taken as a whole. Lucida LLC Lake Geneva, Wisconsin June 25, 2025 Page 140 of 212 Governmental Business-type Activities Activities Totals ASSETS Current assets: Cash and investments 15,802,247$ 3,157,056$ 18,959,303$ Taxes receivable 4,636,222 - 4,636,222 Delinquent taxes and special charges 8,931 - 8,931 Accounts receivable (net of allowance of $453,828) 100,459 844,544 945,003 Inventory - 49,400 49,400 Prepaid expenditures 128,200 - 128,200 Non-current assets: Restricted - cash and investments 47,176 3,206,640 3,253,816 Special assessments receivable 293,701 - 293,701 Capital assets: Land 2,259,704 384,719 2,644,423 Construction in progress 4,366,119 2,906,062 7,272,181 Capital leases, net of amortization 215,356 - 215,356 Capital assets, net of accumulated depreciation 50,696,781 36,532,676 87,229,457 TOTAL ASSETS 78,554,896 47,081,097 125,635,993 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pension 2,846,252 351,784 3,198,036 Deferred outflows related to OPEB 102,735 12,697 115,432 TOTAL DEFERRED OUTFLOWS OF RESOURCES 2,948,987 364,481 3,313,468 LIABILITIES Current liabilities: Accounts payable, tax equivalent, and other accruals 1,353,197 1,005,793 2,358,990 Accrued salaries and benefits 112,228 6,023 118,251 Accrued interest 87,018 45,147 132,165 Deposits held 1,285,630 - 1,285,630 Developer agreements, due within one year 709,045 - 709,045 Capital leases, due within one year 42,746 - 42,746 Long-term debt, due within one year 1,458,694 270,000 1,728,694 Non-current liabilities: Developer agreements, due in more than one year 1,755,450 - 1,755,450 Capital leases, due in more than one year 133,159 - 133,159 Long-term debt, due in more than one year 22,669,892 6,948,193 29,618,085 Unamortized premium on debt 825,050 216,561 1,041,611 Net OPEB liability 214,299 26,486 240,785 Net pension liability 313,522 38,750 352,272 Accrued compensated absences 348,210 82,378 430,588 TOTAL LIABILITIES 31,308,140 8,639,331 39,947,471 DEFERRED INFLOWS OF RESOURCES Property taxes 7,320,222 - 7,320,222 Deferred inflows related to pension 1,692,451 209,180 1,901,631 Deferred inflows related to OPEB 124,738 15,417 140,155 TOTAL DEFERRED INFLOWS OF RESOURCES 9,137,411 224,597 9,362,008 NET POSITION Net investment in capital assets 36,728,279 32,388,703 69,116,982 Restricted 2,154,789 3,314,016 5,468,805 Unrestricted 2,175,264 2,878,931 5,054,195 TOTAL NET POSITION 41,058,332$ 38,581,650$ 79,639,982$ Primary Government VILLAGE OF JACKSON STATEMENT OF NET POSITION DECEMBER 31, 2024 See accompanying notes to basic financial statements. - 4 - Page 141 of 212 Operating Capital Charges for Grants and Grants and Governmental Business-type Functions/Programs Expenses Services Contributions Contributions Activities Activities Totals PRIMARY GOVERNMENT GOVERNMENTAL ACTIVITIES General government 995,649$ 109,080$ -$ 41,512$ (845,057)$ -$ (845,057)$ Public safety 4,220,213 860,758 560,072 - (2,799,383) - (2,799,383) Public works 2,235,351 247,798 320,277 - (1,667,276) - (1,667,276) Culture and recreation 966,464 353,985 - 119,259 (493,220) - (493,220) Conservation and development 678,193 - - - (678,193) - (678,193) Interest and fiscal charges 644,643 - - - (644,643) - (644,643) TOTAL GOVERNMENTAL 9,740,513 1,571,621 880,349 160,771 (7,127,772) - (7,127,772) BUSINESS-TYPE ACTIVITIES Water 1,807,651 1,548,186 - 1,154,290 - 894,825 894,825 Sewer 2,563,469 2,001,368 - 1,303,801 - 741,700 741,700 TOTAL BUSINESS-TYPE 4,371,120 3,549,554 - 2,458,091 - 1,636,525 1,636,525 TOTAL PRIMARY GOVERNMENT 14,111,633$ 5,121,175$ 880,349$ 2,618,862$ (7,127,772) 1,636,525 (5,491,247) GENERAL REVENUES Property taxes 6,996,077 - 6,996,077 Mobile home fees 77,180 - 77,180 Other taxes 61,511 - 61,511 Payments in lieu of taxes 189,892 - 189,892 State aids - Unrestricted 643,430 - 643,430 Interest income 534,374 - 534,374 Roof retainage 276,045 276,045 Miscellaneous 172,889 - 172,889 Rent 69,779 - 69,779 Gain (loss) on sale of Village property 607,403 - 607,403 TOTAL GENERAL REVENUES 9,628,580 - 9,628,580 CHANGE IN NET POSITION 2,500,808 1,636,525 4,137,333 NET POSITION - BEGINNING OF YEAR 38,557,524 36,765,827 75,323,351 NET POSITION - END OF YEAR 41,058,332$ 38,402,352$ 79,460,684$ VILLAGE OF JACKSON STATEMENT OF ACTIVITIES YEAR ENDED DECEMBER 31, 2024 Net (Expense) Revenue and Changes in Net Position Primary Government Program Revenues See accompanying notes to basic financial statements. - 5 - Page 142 of 212 Nonmajor Total General Debt Service Capital Projects Governmental Governmental Fund Fund General TID 4 Funds Funds ASSETS Cash and investments 5,550,096 $ 1,549,453 $ 5,287,198 $ 1,810,794 $ 1,604,706 $ 15,802,247 $ Receivables: Taxes 2,694,307 1,035,395 125,712 498,477 282,331 4,636,222 Delinquent taxes and special charges 8,931 - - - - 8,931 Accounts (net of allowance for doubtful accounts of $453,828) 26,354 - 1,566 - 72,539 100,459 Special assessments - - 287,964 - 5,737 293,701 Advances to other funds 572,248 1,165,886 - 1,738,134 Prepaid expenditures 123,712 - - - 4,488 128,200 Restricted Assets: Cash and investments 41,904 - 5,272 - - 47,176 TOTAL ASSETS 9,017,552 2,584,848 6,873,598 2,309,271 1,969,801 22,755,070 LIABILITIES Accounts payable and other accruals 202,865 - 1,078,036 - 72,296 1,353,197 Accrued salaries and benefits 93,502 - - - 18,726 112,228 Deposits held 2,368 - 1,283,262 - - 1,285,630 Advance from other funds - - - 1,165,886 572,248 1,738,134 TOTAL LIABILITIES 298,735 - 2,361,298 1,165,886 663,270 4,489,189 DEFERRED INFLOWS OF RESOURCES Property taxes 4,278,700 1,654,695 141,862 796,592 448,373 7,320,222 Special assessments - - 343,556 - 7,171 350,727 TOTAL DEFERRED INFLOWS OF RESOURCES 4,278,700 1,654,695 485,418 796,592 455,544 7,670,949 FUND BALANCES Nonspendable 695,960 - 1,165,886 - 4,488 1,866,334 Restricted 20,899 930,153 - 346,793 16,665 1,314,510 Assigned - - - - 1,442,521 1,442,521 Unassigned 3,723,258 - 2,860,996 - (612,687) 5,971,567 TOTAL FUND BALANCES 4,440,117$ 930,153 $ 4,026,882 $ 346,793 $ 850,987 $ 10,594,932$ VILLAGE OF JACKSON BALANCE SHEETS GOVERNMENTAL FUNDS DECEMBER 31, 2024 See accompanying notes to basic financial statements. - 6 - Page 143 of 212 TOTAL FUND BALANCES - GOVERNMENTAL FUNDS 10,594,932$ Amounts reported for governmental activities in the statement of net position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the governmental funds as assets. Capital assets 72,509,535$ Accumulated depreciation (14,971,575) 57,537,960 Other long-term assets are not available to pay for current period expenditures and, therefore, are reported as deferred inflows of resources in the funds. Special assessments 350,727 The Village's proportionate share of the Wisconsin Retirement System net pension liability is reported on the statement of net position, but is not reported in the governmental funds. (313,522) The Village's proportionate share of the net OPEB liability for the Local Retiree Life Insurance Fund ("LRLIF") administered by the Wisconsin Department of Employee Trust Funds ("ETF") is reported on the statement of net position, but is not reported in the governmental funds. (214,299) Deferred outflows and inflows of resources related to pensions and OPEB are applicable to future periods, and therefore, are not reported in the governmental funds. Deferred outflows related to pensions 2,846,252 Deferred inflows related to pensions (1,692,451) Deferred outflows related to OPEB 102,735 Deferred inflows related to OPEB (124,738) 1,131,798 Long-term debt and related items are not due and payable in the current period and, therefore, are not reported in the governmental funds. Long-term debt and related items at year end consist of: Long-term debt (24,128,586) Capital leases (175,905) Unamortized premium on debt issuance (825,050) Developer agreements (2,464,495) Compensated absences (348,210) (27,942,246) Accrued interest payable on debt is not due and payable in the current period and, therefore, is not reported as a liability in the governmental funds. (87,018) TOTAL NET POSITION - GOVERNMENTAL ACTIVITIES 41,058,332$ VILLAGE OF JACKSON RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION DECEMBER 31, 2024 See accompanying notes to basic financial statements. - 7 - Page 144 of 212 Nonmajor Total General Debt Service Capital Projects Governmental Governmental Fund Fund General TID 4 TID 7 Funds Funds REVENUES Taxes 4,345,626 $ 1,545,216 $ 184,000 $ 762,115 $ - $ 491,315$ 7,328,272 Special assessments - - 79,156 - - 1,434 80,590 Intergovernmental revenue 956,430 - - 24,910 - 91,245 1,072,585 Licenses and permits 507,425 - - - - - 507,425 Fines and forfeitures 32,545 - - - - - 32,545 Charges for services 67,705 - 231,305 - - 841,181 1,140,191 Intergovernmental charges for services - - - - - 434,171 434,171 Interest income 345,917 - 183,356 - - 5,101 534,374 Other 79,014 - 350,066 - - 119,871 548,951 TOTAL REVENUES 6,334,662 1,545,216 1,027,883 787,025 - 1,984,318 11,679,104 EXPENDITURES Current: General government 751,539 - - 1,900 - 8,897 762,336 Public safety 2,419,391 - - - - 1,301,668 3,721,059 Public works 1,204,650 - - - - - 1,204,650 Culture and recreation 244,272 - - - - 597,527 841,799 Conservation and development 17,771 - 61,949 - - 317,907 397,627 Capital outlay 683,241 - 4,217,794 - - 415,203 5,316,238 Debt Service: Principal - 1,427,313 - - - 82,985 1,510,298 Interest and fiscal charges - 479,593 - - - - 479,593 Debt issuance costs - 86,811 87,300 - - 174,111 TOTAL EXPENDITURES 5,320,864 1,993,717 4,367,043 1,900 - 2,724,187 14,407,711 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES 1,013,798 (448,501) (3,339,160) 785,125 - (739,869) (2,728,607) OTHER FINANCING SOURCES (USES) Proceeds from sale of capital assets 741 - - - 641,662 642,403 Proceeds on bonds - - 5,695,000 - - 5,695,000 Proceeds on leased vehicles 77,110 - - - - - 77,110 Premium on debt issuance - 170,353 - - 170,353 Transfers in (out) (880,384) 840,973 - - - 39,411 - TOTAL OTHER FINANCING SOURCES (USES) (802,533) 1,011,326 5,695,000 - - 681,073 6,584,866 NET CHANGE IN FUND BALANCES 211,265 562,825 2,355,840 785,125 - (58,796) 3,856,259 FUND BALANCES - BEGINNING OF YEAR As previously stated 4,228,852 367,328 1,671,042 (438,332) (589,476) 1,499,259 6,738,673 Change within financial reporting entity (major to nonmajor fund) - - - - 589,476 (589,476) - FUND BALANCES - BEGINNING AS RESTATED 4,228,852 367,328 1,671,042 (438,332) - 909,783 6,738,673 FUND BALANCES - ENDING 4,440,117$ 930,153 $ 4,026,882 $ 346,793 $ - $ 850,987$ 10,594,932$ VILLAGE OF JACKSON STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS YEAR ENDED DECEMBER 31, 2024 See accompanying notes to basic financial statements. - 8 - Page 145 of 212 NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS 3,856,259$ Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. Capital outlay 5,316,238$ Depreciation expense (1,945,584) 3,370,654 Receivables not currently available are reported as revenue when collected or currently available in the fund financial statements but are recognized as revenue when earned in the government-wide financial statements. Special assessments (80,189) (80,189) In the statement of activities, the cost of pension and OPEB benefits earned net of employee contributions is reported as an expense. In the governmental funds, however, expenditures for these items are measured by the amount of financial resources used. Pension (expense) revenue (156,341) Village pension contributions 310,062 OPEB expense (18,198) Village OPEB contributions (3,973) 131,550 Governmental funds report proceeds from the issuance of long-term debt as other financing sources, but issuing debt increases long-term liabilities in the statement of net position. Repayments of long-term debt principal are expenditures in the governmental funds but the repayments reduce long-term liabilities in the statement of net position. Proceeds on issuance of debt (5,695,000) Proceeds on premium (170,353) Proceeds on capital leases (77,110) Developers agreements (542,734) Amortization of premium on debt 44,411 Principal payments on developer agreement 191,532 Principal payments on capital leases 45,945 Principal payments on bonds and notes 1,427,313 (4,775,997) Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. Changes in interest accrued on long-term debt (35,342) Changes in compensated absences 33,874 (1,469) CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES 2,500,808$ YEAR ENDED DECEMBER 31, 2024 VILLAGE OF JACKSON RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES See accompanying notes to basic financial statements. - 9 - Page 146 of 212 Water Sewer Utility Utility Totals ASSETS Current Assets: Cash and investments 1,091,203 $ 2,065,853 $ 3,157,056 $ Customer and other accounts receivable 384,663 459,881 844,544 Inventories 49,400 - 49,400 Total Current Assets 1,525,266 2,525,734 4,051,000 Non-current Assets: Cash and investments - restricted 206,652 2,999,988 3,206,640 Capital Assets: Land 352,219 32,500 384,719 Construction in process 19,080 2,886,982 2,906,062 Capital assets, net of accumulated depreciation 19,448,520 17,084,156 36,532,676 Total Non-current Assets 20,026,471 23,003,626 43,030,097 TOTAL ASSETS 21,551,737 25,529,360 47,081,097 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pension 159,902 191,882 351,784 Deferred outflows related to OPEB 5,772 6,925 12,697 TOTAL DEFERRED OUTFLOWS OF RESOURCES 165,674 198,807 364,481 LIABILITIES Current Liabilities: Accounts payable 48,969 $ 725,643 $ 774,612 $ Accrued salaries and benefits 2,842 3,181 6,023 Accrued property tax equivalent 231,181 - 231,181 Accrued interest on long-term obligations 12,891 32,256 45,147 Revenue bonds due within 1 year 95,000 175,000 270,000 Total Current Liabilities 390,883 936,080 1,326,963 Non-current liabilities: Net OPEB liability 12,039 14,447 26,486 Net pension liability 17,614 21,136 38,750 Revenue bonds due in greater than 1 year 1,650,000 5,298,193 6,948,193 Unamortized premium on issuance 76,804 139,757 216,561 Accrued compensated absences 32,662 49,716 82,378 Total Non-current Liabilities 1,789,119 5,523,249 7,312,368 TOTAL LIABILITIES 2,180,002 6,459,329 8,639,331 DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pension 95,082 114,098 209,180 Deferred inflows related to OPEB 7,008 8,409 15,417 TOTAL DEFERRED INFLOWS 102,090 122,507 224,597 NET POSITION Net investment in capital assets 17,998,015 14,390,688 32,388,703 Restricted for: Capital Projects 206,652 1,745,757 1,952,409 Equipment Replacement - 1,254,231 1,254,231 WRS Pension 47,206 60,170 107,376 Unrestricted 1,183,446 1,695,485 2,878,931 TOTAL NET POSITION 19,435,319$ 19,146,331 $ 38,581,650 $ Business-type Activities - Enterprise Funds VILLAGE OF JACKSON STATEMENTS OF NET POSITION PROPRIETARY FUNDS DECEMBER 31, 2024 See accompanying notes to basic financial statements. - 10 - Page 147 of 212 Water Sewer Utility Utility Totals OPERATING REVENUES Charges for service 1,496,169 $ 1,962,146 $ 3,458,315 $ Other operating revenues 52,017 39,222 91,239 TOTAL OPERATING REVENUES 1,548,186 2,001,368 3,549,554 OPERATING EXPENSES Operation and maintenance 912,908 1,458,766 2,371,674 Taxes 245,929 - 245,929 Depreciation 552,210 913,467 1,465,677 TOTAL OPERATING EXPENSES 1,711,047 2,372,233 4,083,280 OPERATING INCOME (LOSS) (162,861) (370,865) (533,726) NONOPERATING REVENUES (EXPENSES) Interest income 24,914 154,384 179,298 Interest expense (96,404) (191,036) (287,440) Bond issuance expense (200) (200) (400) TOTAL NONOPERATING REVENUES (EXPENSES) (71,690) (36,852) (108,542) INCOME BEFORE CONTRIBUTIONS AND TRANSFERS (234,551) (407,717) (642,268) Capital contributions/Impact fees 1,154,290 1,303,801 2,458,091 CHANGE IN NET POSITION 919,739 896,084 1,815,823 NET POSITION - BEGINNING OF YEAR 18,515,580 18,250,247 36,765,827 NET POSITION - END OF YEAR 19,435,319$ 19,146,331 $ 38,581,650 $ Business-type Activities - Enterprise Funds VILLAGE OF JACKSON PROPRIETARY FUNDS YEAR ENDED DECEMBER 31, 2024 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION See accompanying notes to basic financial statements. - 11 - Page 148 of 212 Water Sewer Utility Utility Totals CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers and users 1,530,436 $ 1,984,567 $ 3,515,003 $ Payments to suppliers (664,665) (476,385) (1,141,050) Payments to employees (421,328) (508,823) (930,151) NET CASH PROVIDED BY OPERATING ACTIVITIES 444,443 999,359 1,443,802 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Capital contributions/impact fees 1,154,290 1,303,801 2,458,091 Proceeds of bonds - 2,238,193 2,238,193 Principal paid on bonds (95,000) (175,000) (270,000) Interest paid on bonds (96,404) (191,036) (287,440) Bond issuance costs (200) (200) (400) Acquisition and construction of capital assets (1,271,667) (4,247,240) (5,518,907) NET CASH PROVIDED (USED) BY CAPITAL AND RELATED FINANCING ACTIVITIES (308,981) (1,071,482) (1,380,463) CASH FLOWS FROM INVESTING ACTIVITIES Interest income 24,914 154,384 179,298 NET CHANGE IN CASH AND INVESTMENTS 160,376 82,261 242,637 CASH AND INVESTMENTS - BEGINNING OF YEAR 1,137,479 4,983,580 6,121,059 CASH AND INVESTMENTS - END OF YEAR 1,297,855$ 5,065,841 $ 6,363,696 $ Business-type Activities - Enterprise Funds VILLAGE OF JACKSON STATEMENT OF CASH FLOWS PROPRIETARY FUNDS YEAR ENDED DECEMBER 31, 2024 See accompanying notes to basic financial statements. - 12 - Page 149 of 212 Water Sewer Utility Utility Totals RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH FLOWS FROM OPERATING ACTIVITIES Operating income (loss) (162,861) $ (370,865) $ (533,726) $ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities: Depreciation 582,261 913,467 1,495,728 Amortization of premium (4,267) (7,765) (12,032) Changes in assets and liabilities: (Increase) decrease in customer and other receivables (17,750) (16,801) (34,551) (Increase) decrease in inventories 5,042 - 5,042 (Increase) descrease in prepaid expenses 6,438 7,666 14,104 (Increase) decrease related to pensions and OPEB (1,350) (2,706) (4,056) Increase (decrease) in accounts payable 22,166 507,252 529,418 Increase (decrease) in accrued liabilities 23,053 (20,389) 2,664 Increase (decrease) in compensated absences payable (8,289) (10,500) (18,789) NET CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES 444,443$ 999,359 $ 1,443,802 $ RECONCILIATION OF CASH AND INVESTMENTS TO STATEMENT OF NET POSITION - PROPRIETARY FUNDS Cash and investments reported as current assets 1,091,203 $ 2,065,853 $ 3,157,056 $ Cash and investments reported as restricted assets 206,652 2,999,988 3,206,640 TOTAL CASH AND INVESTMENTS 1,297,855$ 5,065,841 $ 6,363,696 $ NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES Capital outlay paid by developers 1,060,384 $ 887,794 $ 1,948,178 $ VILLAGE OF JACKSON STATEMENT OF CASH FLOWS - CONTINUED PROPRIETARY FUNDS YEAR ENDED DECEMBER 31, 2024 Business-type Activities - Enterprise Funds See accompanying notes to basic financial statements. - 13 - Page 150 of 212 Custodial Funds Tax Collection Fund ASSETS Cash and investments 3,883,570 $ Taxes receivable 6,475,452 TOTAL ASSETS 10,359,022 LIABILITIES Due to other governmental units 10,359,022 TOTAL LIABILITIES 10,359,022 NET POSITION -$ Custodial Funds Tax Collection Fund ADDITIONS Collection of property tax 8,550,578 $ TOTAL ADDITIONS 8,550,578 DEDUCTIONS Distributions to other governmental units 8,550,578 TOTAL DEDUCTIONS 8,550,578 NET POSITION, January 1 - NET POSITION, December 31 -$ FIDUCIARY FUND STATEMENT OF FIDUCIARY NET POSITION VILLAGE OF JACKSON VILLAGE OF JACKSON YEAR ENDED DECEMBER 31, 2024 FIDUCIARY FUND STATEMENT OF CHANGES IN FIDUCIARY NET POSITION DECEMBER 31, 2024 See accompanying notes to basic financial statements. - 14 - Page 151 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 - 15 - Note A - Summary of Significant Accounting Policies The basic financial statements of the Village of Jackson (the “Village”) have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) as applied to governmental units. The Governmental Accounting Standards Board (“GASB”) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The significant accounting principles and policies utilized by the Village are described below. Financial Reporting Entity This report includes all of the funds of the Village. The reporting entity for the Village consists of (a) the primary government, (b) organizations for which the primary government is financially accountable and (c) other organizations for which the nature and significance of their relationship with the primary government are such that their exclusion would cause the reporting entity’s financial statements to be misleading or incomplete. A legally separate organization should be reported as a component unit if the elected officials of the primary government are financially accountable to the organization. The primary government is financially accountable if it appoints a voting majority of the organization’s governing body and (1) it is able to impose its will on that organizati on or (2) there is a potential for the organization to provide specific financial benefits to or burdens on the primary government. The primary government may be financially accountable if an organization is fiscally dependent on the primary government. A legally separate, tax-exempt organization should be reported as a component unit of a reporting entity if all of the following criteria are met: (1) The economic resources received or held by the separate organization are entirely or almost entirely for the direct benefit of the primary government, its component units, or its constituents; (2) The primary government is entitled to, or has the ability to otherwise access, a majority of the economic resources received or held by the separate organization; (3) The economic resources received or held by an individual organization that the specific primary government, or its component units, is entitled to, or has the ability to otherwise access, are significant to that primary government. Blended component units, although legally separate entities are, in substance, part of the government’s operations and are reported with similar funds of the primary government. This report does not contain any component units or blended component units. Basis of Presentation Government-wide Financial Statements The statement of net position and the statement of activities display information about the reporting government as a whole. They include all funds of the reporting entity except for fiduciary funds. The statements distinguish between governmental and business-type activities. Governmental activities generally are financed through taxes, intergovernmental revenue, and other non-exchange revenues. Business-type activities are financed, in whole or in part, by fees charged to external parties for goods and services. Eliminations have been made to avoid double counting of internal activities of the Village. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. The Village does not allocate indirect expenses to functions in the statement of activities. Program revenues include 1) charges to customers or applicants who purchase, use or directly benefit from goods, services, or privileges provided by a given function or segment, and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not included among program revenues are reported as general revenues. Internally dedicated resources are reported as general revenues rather than as program revenues Page 152 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 16 - Note A - Summary of Significant Accounting Policies (continued) Basis of Presentation (continued) Fund Financial Statements Financial statements of the reporting entity are organized into funds, each of which is considered to be a separate accounting entity. Each fund is accounted for by providing a separate set of self- balancing accounts, which constitute its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund equity, revenues, and expenditures/expenses. Funds are organized as major funds or non-major funds within the governmental and proprietary statements. An emphasis is placed on major funds within the governmental and proprietary categories. A fund is considered major if it is the primary operating fund of the Village or meets the following criteria: a. Total assets, deferred outflows of resources, liabilities, deferred inflows of resources, revenues, or expenditures/expenses of that individual governmental or enterprise fund are at least 10 percent of the corresponding total for all funds of that category or type, and b. The same element of the individual governmental fund or enterprise fund that met the 10 percent test is at least 5 percent of the corresponding total for all governmental and enterprise funds combined. c. In addition, any other governmental or proprietary fund that the Village believes is particularly important to financial statement users may be reported as a major fund. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. Major Funds The Village reports the following major governmental funds: General Fund - The General Fund is the primary operating fund of the Village and is always classified as a major fund. It is used to account for all financial transactions except those legally and/or administratively required to be accounted for in another fund. Debt Service Fund - This fund accounts for the accumulation of resources for, and the payment of, general long-term obligations principal, interest and related costs (other than debt accounted for in the Proprietary Funds). Capital Projects Fund - This fund accounts for the activities involving borrowing for construction or purchase of capital assets. Tax Incremental District No. 4 – This fund accounts for revenues and expenditures associated with the Tax Incremental District No. 4. Page 153 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 17 - Note A - Summary of Significant Accounting Policies (continued) Major Funds (continued) The Village reports the following major proprietary funds: Water Utility Enterprise Fund – This fund accounts for the activities of operating the water distribution system. Sewer Utility Enterprise Fund – This fund accounts for the activities of operating the sewage treatment plant, sewage pumping stations, and collections systems. Non-Major Funds The Village reports the following non-major governmental funds: Special Revenue Funds – Special revenue funds are used to account for the proceeds of specific revenue sources that are restricted or assigned to expenditures for specific purposes. The Village reports the following non-major special revenue funds: Recreation Fund Hotel/Motel Tax Fund Park Fund Fire and EMS Capital Projects Funds – Capital projects funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditures of funds for capital outlays, including the acquisition or construction of capital facilities and other capital assets. The Village reports the following non-major capital projects funds: Tax Incremental District No. 5 Tax Incremental District No. 6 Tax Incremental District No. 7 Additionally, the Village reports the following fund type: Fiduciary Funds – Custodial funds are used to account for assets held by the Village in a purely custodial capacity. The Village’s custodial fund is used for recording assets collected for other taxing jurisdictions. Since by definition these assets are held for the benefit of a third party and cannot be used to address activities or obligations of the government, these funds are not included in the preparation of the government-wide financial statements. Page 154 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 18 - Note A - Summary of Significant Accounting Policies (continued) Measurement Focus, Basis of Accounting, and Financial Statement Presentation Government-wide Financial Statements The government-wide statement of net position and statement of activities are reported using the economic resources measurement focus and the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or economic asset used. Revenues, expenses, gains, losses, assets, and liabilities resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Property taxes are recognized as revenues in the year for which they are levied. Taxes receivable for the following year are recorded as receivables and deferred inflows of resources. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider are met. Special assessments are recorded as revenue when earned. Unbilled receivables are recorded as revenues when services are provided. As a general rule, the effect of inter-fund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are charges between the Village’s Water and Sewer Utilities, and various other functions of the government. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned. Fund Financial Statements Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recorded when they are both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the Village considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when the related fund liability is incurred, except for unmatured interest on long-term debt, claims, judgments, compensated absences, pension and OPEB expenditures, which are recorded as a fund liability when expected to be paid with expendable available financial resources. Property taxes are recorded in the year levied as receivables and deferred inflows of resources. They are recognized as revenues in the succeeding year when services financed by the levy are being provided. Intergovernmental aids and grants are recognized as revenues in the period the Village is entitled to the resources and the amounts are available. Amounts owed to the Village which are not available, are recorded as receivables and deferred inflows of resources. Amounts received prior to the entitlement period are also recorded as deferred inflows of resources. Amounts received prior to meeting eligibility requirements are recorded as unearned revenue. Special assessments are recorded as revenues when they become measurable and available as current assets. Annual installments due in future yea rs are reflected as receivables and deferred inflows of resources. Delinquent special assessments being held by the county are reported as receivable and deferred inflows of resources. Page 155 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 19 - Note A - Summary of Significant Accounting Policies (continued) Measurement Focus, Basis of Accounting, and Financial Statement Presentation (continued) Fund Financial Statements (continued) Revenues susceptible to accrual include property taxes, miscellaneous taxes, public charges for services, special assessments, and interest. Other general revenues such as fines and forfeitures, inspection fees, recreation fees, and miscellaneous revenues are recognized when received in cash or when measurable and available under the criteria described above. The Village reports deferred inflows of resources on its governmental funds balance sheet. Deferred inflows arise from taxes levied in the current year which are for subsequent years’ operations. For governmental fund financial statements, deferred inflows of resources arise when potential revenue does not meet both the “measurable” and “available” criteria for recognition in the current period. In subsequent periods, when both revenue recognition criteria are met, the liability for deferred inflows of resources is removed from the balance sheet and revenue is recognized. Proprietary and fiduciary fund financial statements (other than agency funds) are reported using the economic resources measurement focus and the accrual basis of accounting, as described previously in this note. Agency funds allow the accrual basis of accounting, and do not have a measurement focus. The proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the Village’s enterprise funds are charges to customers for services. Operating expenses for proprietary funds include the cost of services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. Estimates The preparation of the Village’s financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses/expenditures during the reporting period. Actual results could differ from those estimates. Cash and Investments The Village’s cash and cash equivalents consist of cash on hand and demand deposits. Cash balances for individual funds are pooled unless maintained in segregated accounts. For purposes of the statement of cash flows for the enterprise funds, cash equivalents are temporary cash investments with a maturity of three months or less at the date of purchase. Investments are measured at fair value on a recurring basis. Recurring fair value measurements are those that GASB Statements require or permit in the statement of net position at the end of each reporting period. Page 156 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 20 - Note A - Summary of Significant Accounting Policies (continued) Cash and Investments (continued) Wisconsin Statute 66.0603 authorizes the Village to invest in the following types of investments: x Time deposits in any credit union, bank, savings bank, trust company, or savings and loan association which is authorized to transact business in Wisconsin. x Bonds or securities of any county, drainage district, technical college district, Village, City, Town, or school district of the state. Also, bonds issued by a local exposition district, a local professional baseball park district, a local professional football stadium district, a local cultural arts district, the University of Wisconsin Hospitals and Clinics Authority, or by the Wisconsin Aerospace Authority. x Bonds or securities issued or guaranteed by the federal government and its agencies. x The local government investment pool. x Any security maturing in seven years or less and having the highest or second highest rating category of a nationally recognized rating agency. x Securities of an open-end management investment company or investment trust, subject to various conditions and investment options. x Repurchase agreements with public depositories, with certain conditions. As discussed in Note C, the Village categorizes fair value measurements of its investments based on the hierarchy established by GAAP. The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. Exchange Traded Funds: Valued at the closing price reported on the active market on which the individual securities are traded. The preceding method described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Village believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. Interest income is recorded on the accrual basis. Interest income on comingled investments of the Village’s accounting funds is allocated based on average investment balances. Purchases and sales of investments are recorded on a trade-date basis. Realized gains and losses of the Village’s assets are reported in the statement of revenues, expenditures and changes in fund balances. Adjustments necessary to record investments at fair value are recorded in the statement of revenues, expenditures and changes in fund balance as interest income. The Village also has investments in the Local Government Investment Pool (“LGIP”), which is valued at amortized cost and is exempt from fair value disclosure. The Village has adopted an investment policy which permits all investments allowed under the state statutes as described above. Page 157 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 21 - Note A - Summary of Significant Accounting Policies (continued) Receivables In the government-wide statements, receivables consist of all revenues earned or to which the Village is otherwise entitled and has not yet received. In the fund financial statements, material receivables include revenue accruals such as intergovernmental grants and aids and other similar revenues since they are usually both measurable and available. Receivables collectible, but not available, are deferred in the fund financial statements in accordance with the modified accrual basis of accounting but not deferred in the government-wide financial statements in accordance with the accrual basis of accounting. Interest earnings are recorded when earned only if paid within 60 days since they would be considered both measurable and available. Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. No provision for uncollectible accounts receivable has been made for the proprietary funds because they have the right by law to place substantially all delinquent bills on the tax roll, and other delinquent bills are generally not significant. Property taxes are recorded in the year levied as receivables and deferred inflows of resources. They are recognized as revenues in the succeeding year when services financed by the levy are provided. In addition to property taxes for the municipality, taxes are collected for and remitted to the state and county governments as well as the local and vocational school districts. Taxes for all state and other local governmental units billed in the current year for the succeeding year are reflected as receivables and as due to other governmental units on the statement of net position – fiduciary (agency) fund. Taxes are levied in December on the assessed value as of the prior January 1. Details of the Village’s property tax calendar for the 2024 tax levy follows: Lien and levy dates December 2024 Real estate collection due dates: First installment due January 31, 2025 Second installment due July 31, 2025 Personal property tax due in full January 31, 2025 Final settlement with county August 2025 Tax sale of 2024 delinquent real estate taxes October 2027 Delinquent real estate taxes as of July 31 are paid in full by the County, which assumes the collection. Therefore, management has determined that no allowance accounts are considered necessary. Inventories Inventories of the utility enterprise funds are generally used in the operation and maintenance of the Water Utility. The inventories are valued at cost using the first-in/first-out method (“FIFO”), which approximates market value. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased. Prepaid Expenditures Payments made to vendors that will benefit period s beyond the end of the current fiscal year are recorded as prepaid expenditures. Page 158 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 22 - Note A - Summary of Significant Accounting Policies (continued) Restricted Assets Mandatory segregations of assets are presented as restricted assets. Such segregations are required by bond agreements or other external parties. Current liabilities payable from these restricted assets are so classified. The excess of restricted assets over current liabilities payable from restricted assets will be used first for retirement of related long-term debt. The remainder, if generated from earnings, is shown as restricted net position. Cash and equivalents of the Village’s governmental and proprietary funds have been restricted for the following purposes: Governmental Proprietary Funds Funds Total Impact fees -$ 28,171$ 28,171$ Unspent debt proceeds 47,176 - 47,176 2023A Bond reserves - 512,972 512,972 Equipment replacement fund - 1,016,433 1,016,433 Connection fees - 1,649,064 1,649,064 Total Restricted Assets 47,176$ 3,206,640$ 3,253,816$ Capital Assets Government-wide Statements Capital assets, which include property, plant and equipment and intangible assets, are reported in the government-wide financial statements. Capital assets are defined by the Village as assets with an initial cost of more than $5,000 for general capital assets and infrastructure assets, with an estimated useful life in excess of two years. All capital assets are valued at historical cost or estimated historical costs if actual amounts are unavailable. Donated capital assets are recorded at their estimated fair value at the date of donation. The costs of maintenance and repairs that do not add to the value of the asset or extend the asset life are not capitalized. No interest was capitalized during the current period. Prior to January 2004, infrastructure assets of governmental funds were not capitalized. Upon implementing GASB Statement No. 34, governmental units are required to account for all capital assets, including infrastructure, in the government-wide statements prospectively from the date of implementation. Retroactive reporting of all major general infrastructure assets is encouraged but not required. The Village has not retroactively reported infrastructure acquired by its governmental fund types prior to implementation of GASB Statement No. 34. Additions to, and replacements of, capital assets of business-type activities are recorded at original cost, which includes material, labor, overhead, and an allowance for the cost of funds used during construction when significant. For tax-exempt debt, the amount of interest capitalized equals the interest expense incurred during construction netted against any interest revenue from temporary investment of borrowed funds proceeds. No interest was capitalized during the current year. The cost of renewals and betterments relating to retirement units is added to plant accounts. The cost of property replaced, retired or otherwise disposed of, is deducted from plant accounts and, generally, together with removal costs less salvage, is charged to accumulated depreciation. Page 159 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 23 - Note A - Summary of Significant Accounting Policies (continued) Capital Assets (continued) Government-wide Statements (continued) Depreciation of all exhaustible capital assets is recorded as an allocated expense in the statement of activities, with accumulated depreciation reflected in the statement of net position. Depreciation is provided over the assets’ estimated useful lives using the straight-line method of depreciation. The range of estimated useful lives by type of asset is as follows: Assets Years Buildings 20 - 50 Land improvements 20 - 50 Equipment 5 - 25 Infrastructure 40 Fund Financial Statements In the fund financial statements, capital assets acquired in governmental fund operations are accounted for as capital outlay expenditures of the governmental fund upon acquisition. Capital assets used in proprietary fund operations are accounted for the same way as in the government-wide statements. The Village reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of carrying amount or the fair value less costs to sell. Compensated Absences Employees earn vacation time and compensatory time off in varying amounts in accordance with Village policy. All full-time employees are eligible for paid vacation annually on the anniversary of their date of hire. Payments for vacation will be made at rates in effect when the benefits are used. At December 31, 2024, the total vacation and compensatory benefits accrued were $348,210 for the governmental activities and $82,378 for the business-type activities. Full-time employees may accumulate unused sick leave up to a maximum of 960 hours. Upon retirement from Village employment, in accordance with any provisions of the Wisconsin State Retirement Fund, fifty (50) percent of the value of the accrued sick leave hours, to a maximum of 480 hours based on the last hourly base rate, shall be placed into an account to be used by the retiree or their spouse for medical insurance premiums. All full-time represented employees may accumulate unused sick leave up to a maximum of 1,020 hours. Upon death or retirement, 100% of accumulated sick leave credits converted to its monetary value at the employee’s last rate of pay will be held by the Village and utilized for the sole purpose of paying health insurance premiums for themselves and/or their dependents. Page 160 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 24 - Note A - Summary of Significant Accounting Policies (continued) Compensated Absences (continued) Nonexempt employees shall be allowed to utilize accrued compensatory time off, subject to approval of their immediate supervisor. The choice of compensatory time credit or pay must be made by the employee when the overtime is worked, with the exception of December during which month all overtime worked shall be paid as overtime. Compensatory time off will be allowed to accumulate until the employee has accrued forty (40) hours in a regenerated account. Accumulated compensatory time off must be used in the calendar year in which it is earned. In the event there are extenuating medical or operational reasons an employee cannot utilize all accrued compensatory time in the same calendar year, the employee’s supervisor may grant a one-time allowance for remaining compensatory time to be paid on the last pay period in December of the current calendar year. Exempt employees are not eligible for compensatory time off. All vested vacation and sick leave is accrued when incurred in the government-wide and proprietary fund financial statements. A liability for these amounts is reported in the governmental funds only if they have matured, for example, as a result of employee resignations and retirements. Deferred Outflows / Inflows of Resources In accordance with GASB, the statement of financial position will sometimes report separate sections for deferred outflows and inflows of resources. The separate financial statement element, deferred outflows of resources, represents a decrease in net position or fund balance that applies to future period(s) and thus, will not be recognized as an outflow of resources (expense/expenditure) until then. The Village reports deferred outflows of resources related to pensions and OPEB. The separate financial statement element, deferred inflows of resources, represents an increase in net position or fund balance that applies to a future period(s) and thus, will not be recognized as an inflow of resources (revenue) until then. The Village reports deferred inflows of resources related to property taxes, pensions, and OPEB. Pensions The fiduciary net position of the Wisconsin Retirement System (“WRS”) has been determined using the flow of economic resources measurement focus and the accrual basis of accounting. This includes for purposes of measuring the following: x Net Pension Liability (Asset). x Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions, x Pension Expense (Revenue) Information about the fiduciary net position of the WRS and additions to/deductions from WRS’ fiduciary net position have been determined on the same basis as they are reported by the WRS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. Page 161 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 25 - Note A - Summary of Significant Accounting Policies (continued) Other Post-Employment Benefits (OPEB) The fiduciary net position of the Local Retiree Life Insurance Fund (“LRLIF”) has been determined using the flow of economic resources measurement focus and the accrual basis of accounting. This includes for purposes of measuring the following: x Net OPEB Liability x Deferred Outflows of Resources and Deferred Inflows of Resources Related to Other Post- Employment Benefits, and x OPEB Expense (Revenue) Information about the fiduciary net position of the LRLIF and additions to/deductions from LRLIF’s fiduciary net position have been determined on the same basis as they are reported by LRLIF. For this purpose, benefit payments (including refunds of member contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. Long-term Obligations All long-term obligations to be repaid from governmental and business-type resources are reported as liabilities in the government-wide statements. The long-term obligations consist primarily of notes and bonds payable, developer agreements, unamortized premium on debt, long-term lease agreements, and accrued compensated absences. Long-term obligations for governmental funds are not reported as liabilities in the fund financial statements. The face value of debt and premiums on issuance are reported as other financing sources. Payments of principle and interest, losses on debt refunding, as well as costs of issuance are reported as expenditures in the period in which they occur. For the government-wide statements, bond premiums are deferred and amortized over the life of the issue using the straight-line method. Gains or losses on refunding are amortized over the remaining life of the old debt, or the life of the new debt, whichever is shorter. Unamortized premiums are shown as a liability on the statement of net position. The balance at year-end for gains/losses, is shown as a deferred outflows or resources or deferred inflow of resources on the statement of net position. The accounting for proprietary fund obligations is the same in the fund financial statements as it is in the government-wide financial statements. Claims and Judgements When applicable, claims and judgments are recorded as liabilities if all of the conditions of GASB pronouncements are met. Claims and judgments that would normally be liquidated with expendable available financial resources are recorded during the year as expenditures in the governmental funds. If they are not to be liquidated with expendable available financial resources, no liability is recognized in the governmental fund statements. The related expenditure is recognized when the liability is liquidated. Claims and judgments are recorded in the government-wide statements and proprietary funds as expenses when the related liabilities are incurred. There were no significant claims or judgments at year end. Page 162 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 26 - Note A - Summary of Significant Accounting Policies (continued) Net Position and Fund Balances Government-wide Financial Statements Equity is classified as net position and displayed in three components: Net Investment in Capital Assets - Consists of capital assets including restricted capital assets, net of accumulated depreciation and reduced by the outstanding balances or any bonds, mortgages, notes, or other borrowings that are attributable to the acquisition, construction, or improvement of those assets. Restricted Net Position - Consists of Net Position with constraints placed on their use either by 1) external groups such as creditors, grantors, contributors, or laws or regulations of other governments or, 2) law through constitutional provisions or enabling legislation. Unrestricted Net Position – All other net position that does not meet the definition of “restricted” or “net investment in capital assets.” When both restricted and unrestricted resources are available for use, it is the Village’s policy to use restricted resources first unless legal requirements disallow it, then unrestricted resources as they are needed. Governmental Fund Financial Statements Governmental fund equity is classified as fund balance. GASB established fund balance classifications that comprise a hierarchy based primarily on the extent to which a government is bound to observe constraints imposed upon the use of the resources reported in governmental funds. The initial distinction that is made is identifying amounts that are considered nonspendable. Fund balance is further classified as restricted, committed, assigned and unassigned. The Village’s fund balance classification policies and procedures are as follows: Non-spendable Fund Balance - includes amounts that cannot be spent because they are not in a spendable form and cannot be converted to cash or because they are legally or contractually required to remain intact. Restricted Fund Balance - includes amounts that have constraints placed upon the use of the resources either by an external party or imposed by law through a constitutional provision or enabling legislation. Committed Fund Balance - includes amounts that can be used only for the specific purposes pursuant to constraints imposed by a formal action of the Village Board, the Village’s highest level of decision- making authority. This formal action is a Village Board resolution. Assigned Fund Balance - includes amounts that are constrained by the Village’s intent to be used for a specific purpose, but are neither restricted nor committed. For governmental funds, other than the general fund, this is the residual amount within the fund that is not restricted or committed. Assignments of fund balance are created by the Village Administrator. Unassigned Fund Balance - is the residual classification for the general fund. This classification represents fund balance that has not been assigned to other funds and that has not been restricted, committed, or assigned to specific purposes within the general fund. The general fund should be the only fund that reports an unassigned fund balance amount. Page 163 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 27 - Net Position and Fund Balances (continued) Governmental Fund Financial Statements (continued) When an expenditure/expense is incurred for purposes for which both restricted and unrestricted (committed, assigned, or unassigned) resources are available, it is the Village’s general policy to use restricted resources first. When expenditures/expenses are incurred for purposes for which unrestricted (committed, assigned, and unassigned) resources are available, and amounts in any of these unrestricted classifications could be used, it is the Village’s general policy to spend committed resources first, followed by assigned amounts, and then unassigned amounts. Proprietary fund equity is classified in the same manner as the Government-wide statements. It is the goal of the Village to achieve and maintain an unassigned fund balance in the general fund at fiscal year-end equal to a minimum of 35% and a maximum of 75% of the ensuing year’s total budgeted general fund expenditures. Utility User Rates Water Utility user rates cu rrently in place were approved by th e Village Board effec tive October 1, 2023. Sewer Utility rates currently in place were app roved by the Village Board effective October 1, 2023. Note B - Stewardship, Compliance, and Accountability DNR Replacement Fund The Wisconsin Department of Natural Resources required the creation of an equipment replacement fund as a condition of receiving a grant for the sewer utility. The equipment replacement fund has been established and the balance at December 31, 2024 was $1,350,924. Deficit Fund Balance At December 31, 2024 the following funds had a deficit fund balance: Fund Amount TID #6 15,093 $ TID #7 597,594 Negative balances will be cured by future collections of tax increment. Page 164 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 28 - Note C - Cash and Investments The Village’s cash and investments at December 31, 2024 consisted of the following: Cash Investments Total Custodial Risk: Petty cash 150 $ - $ 150 $ Demand deposits 8,060,890 - 8,060,890 Money market 9,799,001 - 9,799,001 Local government investment pool - 3,320,736 3,320,736 Custodial and Interest Rate Risk: Fixed income - Government securities - 3,668,441 3,668,441 Certificates of deposit - 919,709 919,709 Custodial, Interest Rate and Credit Risk: Mutual funds - Government obligations - 327,762 327,762 Total cash and investments 17,860,041$ 8,236,648 $ 26,096,689 $ The Village's cash and investments are reported in the financial statements as follows: Per Statement of Net Position Cash and investments 18,959,303 $ Restricted cash and investments 3,253,816 Per State of Fiduciary Net Position Cash and investments 3,883,570 Total cash and investments 26,096,689$ Deposits in local and area banks are insured by the Federal Deposit Insurance Corporation (“FDIC”). All time and savings deposits owned by the Village and held by the Village’s official custodian in an insured depository institution in the state in which the Village is located are added together and insured up to $250,000 per financial institution. Separately, all demand deposits owned by the Village and held by the Village’s official custodian in an insured depository within the state in which the Village is located are added together and insured up to an additional $250,000 per financial institution. Deposits in each local and area bank and in the Wisconsin Local Government Investment Pool (“LGIP”) are also insured by the State Deposit Guarantee Fund in the amount of $400,000 per financial institution. However, due to the relatively small size of the Guarantee Fund in relation to the total coverage and other legal implications, recovery of material principal losses may not be significant to individual government entities. Investments in the local government investment pool are covered under a surety bond issued by Financial Security Assurance, Inc. The fund insures against losses arising from principal defaults on substantially all types of securities acquired by the pool. The bond provides unlimited coverage on principal losses, reduced by any FDIC, SDGF insurance, and income on the investment during the calendar quarter a loss occurs. The LGIP does not have a credit quality rating and is also not subject to credit risk disclosures because investments are not issued in securities form. It is part of the State Investment Fund (“SIF”) and is managed by the State of Wisconsin Investment Board. The LGIP is not registered with the Securities and Exchange Commission but operates under the statutory authority of Wisconsin Chapter 25. The SIF reports the fair value of its underlying assets annually and carries investments at amortized cost for purposes of calculating income to participants. At December 31, 2024, the fair value of the Village’s share of the LGIP’s assets was substantially equal to the amount reported in these statements. Page 165 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 29 - Note C - Cash and Investments (continued) In accordance with certain contractual provisions, investment income associated with LGIP is assigned to the corresponding fund in which the assets are held. Participants in LGIP have the right to withdraw their funds in total on one day’s notice. The LGIP does not include any involuntary participants. A separate financial report for SIF is prepared in accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools. Copies of the report can be obtained from HTTP://www.doa.state.wi.us/Division/Budget-and-Financial/LGIP . The Village has investments through Ehlers Investment Partners, LLC and Pershing Advisor Solutions consisting of money market accounts, fixed income securities and mutual funds. Ehlers is the joint marketing name of the following affiliated businesses (collectively, the “Affiliates”): Ehlers & Associates, Inc. (“EA”), a municipal advisor registered with the Municipal Securities Rulemaking Board (“MSRB”) and the Securities and Exchange Commission (“SEC”); Ehlers Investment Parts, LLC (“EIP”), an SEC registered investment advisor; and Bond Trust Services Corporation (“BTS”), holder of a limited banking charter issued by the State of Minnesota. Funds may be withdrawn from bank deposit accounts and money market accounts upon order. Ehlers Investment Partners, LLC is covered by the Securities Investor Protection Corporation (“SIPC”) which provides protection including loss of cash and securities held by a customer at a financially- troubled SIPC-member brokerage firm. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. The Village has adopted an investment policy which permits all investments allowed under the state statutes. Custodial Risk Custodial risk is the risk that, in the event of a financial institution failure, the Village’s deposits may not be returned to the Village. The Village’s carrying value for cash and investments was $26,096,689 at December 31, 2024, and the bank’s carrying value was $26,156,783, of which $1,800,000 was fully insured, $16,399,952 was collateralized by pledges, and $7,956,831 was uninsured and uncollateralized. The Village has policies to minimize custodial risk, which is the risk that in the event of a financial institution failure, the Village’s deposits may not be returned to it, by: x Maintaining a list of financial institutions, public depositories and broker/dealers authorized by resolution to provide deposit and investment services. x All financial institutions, public depositories and broker/dealers authorized by resolution to provide deposit and investment services must supply as appropriate audited financial statements demonstrating compliance with state and federal capital adequacy guidelines. Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment the greater the sensitivity of its fair value to changes in market interest rates. As a means of limiting its exposure to fair value losses arising from rising interest rates, the Village’s investment policy limits the maturity of any security in accordance with state statutes and structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity. Page 166 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 30 - Note C - Cash and Investments (continued) Interest Rate Risk (continued) Information regarding the exposure of the Village’s investments to this risk using the segmented time distribution model is as follows: Investment Maturities in Years Type of Investment Fair Value Less than 1 Year 1-5 Years Pershing-Ehlers Investments US Government bonds/securities 3,668,441$ 3,668,441 $ - $ Mutual Funds/Government obligations 327,762 327,762 - Certificates of deposit 919,709 919,709 - 4,915,912$ 4,915,912 $ - $ Credit Risk Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligation to the holder of the investment. This is measured by assignment of a rating by a nationally recognized rating organization. U.S. Government Securities or obligations explicitly guaranteed by the U.S. government are not considered to have credit risk exposure. The Village has policies to minimize credit risk, which is the risk of loss due to the failure of the security issuer or backer, by: x Limiting investments to the types of securities listed in the policy resolution. x The Village Board shall by resolution each year approve the public depositories within the Village that are deemed appropriate for use under the state and federal law. x Diversifying the investment portfolio so that the impact of potential losses from any one type of security or from any one individual issuer will be minimized. x Maintain balances with its banking financial institutions that do not exceed the combined amount of FDIC insurance and State Deposit Guarantee Fund insurance, along with the amount of collateralized deposits per an agreement with its primary banking institution. However, deposits may temporarily exceed the insured and collateralized amounts during periods when property taxes are collected. The Village’s deposits were exposed to custodial credit risk as follows: Rating as of Type of Investment Amount 12/31/2024 Pershing-Ehlers Investments Mututal Funds - Government obligations 327,762$ AAAm Page 167 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 31 - Note C - Cash and Investments (continued) Fair Value Measurements of Investments The Village categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the assets and is described as follows: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities that a government can access at the measurement date. Level 2 Significant inputs other than quoted prices included within Level 1 that are observable for an asset or liability, either directly or indirectly. Level 3 Significant unobservable inputs for an asset or liability. Exempt from Level 1 Level 2 Level 3 Disclosure Total LGIP - - - 3,320,736 3,320,736 Mutual funds-Government obligations 327,762 - - - 327,762 US government bonds/securities 3,668,441 - - - 3,668,441 Certificates of deposit 919,709 919,709 4,915,912$ -$ -$ 3,320,736$ 8,236,648$ Note D - Receivables Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Property taxes levied for the subsequent year are not available and cannot be used to liquidate liabilities of the current period. Special assessments are not available and cannot be used to liquidate liabilities in the current period. Governmental funds also report deferred inflows of resources in connection with resources that have been received, but not yet earned. A provision for uncollectable accounts has been provided for rescue squad receivables as the Village has determined that some accounts will not be collected. The receivable and allowance at year end for these rescue squad services were $515,252 and ($453,828), respectively. A provision for uncollectable accounts has not been provided in the customer accounts receivable of the Water and Sewer utilities as the Village has the statutory authority to collect all delinquent utility bills from the property tax roll. At the end of the current fiscal year, the various components of deferred inflows of resources reported in the governmental funds were as follows: Description Unearned property taxes 7,320,222 $ Deferred special assessments 352,161 Total Deferred / Unearned Revenue for Governmental Funds 7,672,383$ Page 168 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 32 - Note E - Capital Assets Governmental Activities Governmental capital asset activity for the year ended December 31, 2024 was as follows: Balance Balance Governmental Activities: 1/1/2024 Additions Transfers Disposals 12/31/2024 Capital assets not being depreciated: Land 2,087,681 $ 172,023 $ - $ - $ 2,259,704$ Construction in process 3,017,897 4,514,855 (3,166,633) - 4,366,119 Total capital assets not being depreciated 5,105,578 4,686,878 (3,166,633) - 6,625,823 Capital assets being depreciated: Buildings and improvements 18,200,390 - - - 18,200,390 Land improvements and structures - - - - - Machinery and Equipment 5,960,413 353,499 - - 6,313,912 Capital leases 189,260 131,909 - - 321,169 Infrastructure 37,737,654 143,953 3,166,633 - 41,048,240 Total capital assets being depreciated: 62,087,717 629,361 3,166,633 - 65,883,711 Less: accumulated depreciation 12,986,152 1,879,609 - - 14,865,761 Less: accumulated amortization on leases 39,838 65,975 - - 105,813 Total accumulated 13,025,990 1,945,584 - - 14,971,574 Net capital assets being depreciated: 49,061,727 (1,316,223) $ - $ - $ 50,912,137 Net governmental activities capital assets 54,167,305$ 57,537,960$ Depreciation expense was charged to governmental activities of the Village as follows: General government 97,742 $ Public safety 640,777 Public works (includes depreciation of infrastructure) 1,072,745 Culture and recreation 134,320 Total governmental activities depreciation expense 1,945,584$ Page 169 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 33 - Note E - Capital Assets (continued) Business-type Activities Capital asset activity in the business type activities for the year ended December 31, 2024 was as follows: Balance Balance Water Utility 1/1/2024 Additions Transfers Disposals 12/31/2024 Capital assets not being depreciated: Land 352,219 $ - $ - $ - $ 352,219$ Construction in process 1,695,633 19,080 (1,695,633) - 19,080 Total capital assets not being depreciated 2,047,852 19,080 (1,695,633) - 371,299 Capital assets being depreciated: Infrastructure 25,145,067 1,252,588 1,695,633 (72,009) 28,021,279 Less: accumulated depreciation (8,062,508) (582,260) - 72,009 (8,572,759) Net capital assets being depreciated 17,082,559 670,328 $ 1,695,633 $ - $ 19,448,520 Net water utility capital assets 19,130,411$ 19,819,819$ Balance Balance Sewer Utility 1/1/2024 Additions Transfers Disposals 12/31/2024 Capital assets not being depreciated: Land 32,500 $ - $ - $ - $ 32,500$ Construction in process 4,018,857 2,580,095 - (3,711,970) 2,886,982 Total capital assets not being depreciated 4,051,357 2,580,095 - (3,711,970) 2,919,482 Capital assets being depreciated: Infrastructure 33,621,424 5,379,116 - (1,339,789) 37,660,751 Less: accumulated depreciation (21,002,917) (913,467) - 1,339,789 (20,576,595) Net capital assets being depreciated 12,618,507.00 4,465,649 $ - $ - $ 17,084,156 Net sewer utility capital assets 16,669,864$ 20,003,638$ Depreciation expense was charged to business-type activities of the Village as follows: Water Utility 582,260$ Sewer Utility 913,467 Total business-type activities depreciation expense 1,495,727$ Depreciation expense may differ from business-type activity accumulated depreciation additions due to joint metering costs, salvage and costs associated with disposal of assets. Note F - Inter-fund Receivables, Payables and Transfers During the course of operations, transactions occur between individual funds that may result in amounts owed between funds. Short-term interfund loans are reported as “due to and from other funds”. Long-term interfund loans (non-current portion) are reported as “advances from and to other funds”. Interfund receivables and payables between funds within governmental activities are eliminated on the statement of net position. Page 170 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 34 - Note F - Inter-fund Receivables, Payables and Transfers (continued) Advances from and to other funds consist of the following at December 31, 2024: Receivable Fund Payable Fund Amount Purpose General capital projects TID No. 4 1,165,886 $ To fund negative balance General fund TID No. 7 572,248 To fund negative balance 1,738,134$ Advances will be repaid with future tax increment, future borrowings and fund transfers. Due to and from other funds consist of the following at December 31, 2024: Receivable Fund Payable Fund Amount None in cy - $ Interfund transfers consist of the following at December 31, 2024: Fund Transferred From Fund Transferred To Amount Purpose Fire and EMS Debt service 71,454$ Debt payments TID #7 Debt service 126,285 Debt payments General Fund Recreation fund 261,021 Village contritions to recreation General Fund Fire and EMS 619,363 Fund Village portion of Fire and EMS General Fund Debt service 643,234 Debt payments 1,721,357$ Note G - Long-term Obligations General Obligation Debt General obligation notes and bonds payable are backed by the full faith and credit of the Village. Governmental funds general obligation debt will be retired by future property tax levies and tax increments accumulated in the Debt Service Fund. Business-type activities general obligation debt will be retired by revenues from user fees or, if the revenues are not sufficient to cover debt, by future tax levies. Water and Sewer Revenue Bonds During the year ended December 31, 2023, the Village issued $5,250,000 in water and sewer revenue bonds. Proceeds from the bonds provided financing for capital projects within the water and sewer utilities. These bonds carry interest rates ranging from 4.00% to 5.00% and mature on May 1, 2043. There were no principal and interest payments due on these bonds during 2023. Business-type activities revenue bonds are payable solely from revenues derived from the operation of the water and sewer utilities of the Village. By Board resolution, the utilities have pledged future water and sewer revenues to repay revenue bonds. The Village covenants to maintain the utility systems in reasonably good condition and operate the utility system and to establish, charge and collect such lawfully established rates and charges for the services provided by the utility system so that net revenues will be at least 1.25 times the amount of principal and interest coming due on all outstanding bonds payable from the net revenues of the utility system each year. The Village has met this requirement. Page 171 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 35 - Note G - Long-term Obligations (continued) Water and Sewer Revenue Bonds (continued) A reserve requirement was established equal to the least of (a) 10% of the stated principal amount of the bonds; (b) the maximum annual debt service on the bonds in a bonds year; and (c) 125% of average annual debt service on the bonds in a bond year; provided, however, that on an ongoing basis it shall never exceed the remaining maximum annual principal an d interest due on the outstanding bonds in any bond year. The Village has met this requirement. During the year ended December 31, 2024, the Village entered into an agreement for a Clean Water Fund Loan. The Village has been approved for a maximum loan amount of $5,709,010. Total disbursements from the loan during 2024 were $2,238,193. The project is anticipated to be completed during 2025 and the full amount of the loan drawn. The interest rate on this loan is 2.31% with a final maturity date of 05/01/2044. Developer Agreement Obligations The Village has entered into various agreements with developers. The Village is obligated to pay various amounts to developers if certain conditions of the developer agreements are fulfilled that contribute to economic development or otherwise benefit the Village or the citizens of the Village. As of December 31, 2024, the Village was obligated under agreements for a total of $2,464,495. These amounts will be paid out over various time periods. A portion of the annual tax increments levied for TID #5, TID #6 and TID #7 are being used to fund these payments. Developer Deposits The Village has received deposits from two developers for infrastructure advancement in new housing developments. As of December 31, 2024, the Village held deposits totaling $1,285,630 for the Morning Meadows Phase 3 project, and the Maple Fields Phase 1 project. These amounts will be repaid over various time periods as work on the projects progresses. Compensated Absences Estimated payments of compensated absences are not included in the debt service requirement schedules. The compensated absences liability attributable to governmental activities will be liquidated primarily by the general fund. Page 172 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 36 - Note G - Long-term Obligations (continued) Outstanding debt and other long-term obligations were comprised of the following at December 31, 2024: Amounts Beginning Ending Due Within Balance Additions Reductions Balance One Year Governmental Activities General obligation debt: General obligation notes 2,579,468 $ 5,695,000 $ 395,734 $ 7,878,734 $ 427,764 $ General obligation bonds 16,877,000 - 921,000 15,956,000 917,000 Direct borrowings State trust fund loans 404,431 - 110,579 293,852 113,930 Capital leases 144,740 77,110 45,945 175,905 42,738 Total general obligation debt 20,005,639 5,772,110 1,473,258 24,304,491 1,501,432 Other liabilities: Developer agreements 2,113,293 $ 542,734 $ 191,532 $ 2,464,495 $ 709,045 $ Premium on debt issuance 699,107 170,353 44,410 825,050 52,928 Compensated absences 382,083 - 33,873 348,210 - Total other liabilities 3,194,483 713,087 269,815 3,637,755 761,973 term obligations 23,200,122$ 6,485,197 $ 1,743,073 $ 27,942,246 $ 2,263,405 $ Business-type Activities Other liabilities: Water and sewer revenue bonds 5,250,000$ 2,238,193 $ 270,000 $ 7,218,193 $ 270,000 $ Premium on revenue bond issuance 228,592 - 12,031 216,561 12,032 Compensated absences 101,167 - 18,789 82,378 - Total business-type activities: 5,579,759$ 2,238,193 $ 300,820 $ 7,517,132 $ 282,032 $ Total Long-Term Obligations 28,779,881$ 8,723,390 $ 2,043,893 $ 35,459,378 $ 2,545,437 $ The amount of compensated absence liability that is due within one year has not been determined. Page 173 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 37 - Note G - Long-term Obligations (continued) General obligation debt for governmental activities of the Village currently outstanding is as follows: Date of Final Interest Original Balance Governmental Activities Issue Maturity Rates Principal 12/31/2024 G.O. Promissory Note 4/10/2018 5/1/2028 3.25% 600,000 263,734 G.O. Taxable Promissory Note 6/27/2019 6/1/2028 2.65% - 3.00% 1,020,000 700,000 G.O. Promissory Note 12/30/2019 6/1/2029 1.35% - 2.00% 2,005,000 1,220,000 G.O. Refunding Bond 12/9/2014 6/1/2028 0.40% - 3.55% 3,025,000 851,000 G.O. Community Dev Bond 6/27/2019 6/1/2039 3.00% 1,235,000 1,195,000 G.O. Bond 12/30/2019 6/1/2039 2.00% - 3.00% 6,350,000 5,570,000 State Trust Fund Loan 3/21/2017 3/15/2027 3.00% 550,000 182,309 State Trust Fund Loan 11/28/2016 3/15/2026 3.00% 450,000 111,543 G.O. Bond 2/25/2021 6/1/2030 1.00% - 3.00% 8,030,000 6,900,000 G.O. Bond 2/1/2023 6/1/2039 4.20%-5.00% 1,465,000 1,440,000 G.O Promissory Note 6/28/2024 12/1/2044 4.00%-5.00% 5,695,000 5,695,000 Total general obligation debt - governmental activities 24,128,586$ General obligation debt for business-type activities of the Village currently outstanding is as follows: Date of Final Interest Original Balance Business Activities Issue Maturity Rates Principal 12/31/2024 Water and sewer revenue bond 7/6/2023 5/1/2043 4.00%-5.00% 5,250,000 4,980,000 Clean Water Fund Loan 7/110/24 5/1/20424 2.31% 2,238,193 2,238,193 Total general obligation debt - business activities 7,218,193$ The annual debt service requirements to maturity for general obligation long-term debt for governmental activities as of December 31, 2024, are as follows: Year Ending December 31, Principal Interest Principal Interest Principal Interest Principal Interest 2025 427,764$ 396,985 $ 917,000 $ 382,073 $ 113,930 $ 8,816 $ 1,458,694$ 787,874 $ 2026 454,832 284,005 939,000 353,468 117,348 5,398 1,511,180 642,871 2027 551,968 271,428 961,000 323,868 62,574 1,877 1,575,542 597,173 2028 584,170 256,631 984,000 293,291 - - 1,568,170 549,922 2029 500,000 239,425 930,000 263,215 - - 1,430,000 502,640 2030-2034 1,375,000 984,375 5,220,000 954,043 - - 6,595,000 1,938,418 2035-2039 1,500,000 650,450 5,555,000 366,005 - - 7,055,000 1,016,455 2040-2044 2,485,000 258,100 450,000 3,375 - - 2,935,000 261,475 7,878,734$ 3,341,399 $ 15,956,000 $ 2,939,338 $ 293,852 $ 16,091 $ 24,128,586$ 6,296,828 $ G.O. Notes G.O. Bonds STF Loans Totals Governmental Activities Page 174 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 38 - Note G - Long-term Obligations (continued) Year Ending Totals December 31, Principal Interest Principal Interest Principal Interest 2025 270,000$ 213,650 $ - $ 51,090$ 270,000 $ 264,740 $ 2026 270,000 200,150 95,168 50,603 365,168 250,753 2027 270,000 186,650 97,366 48,379 367,366 235,029 2028 270,000 173,150 99,615 46,104 369,615 219,254 2029 260,000 159,900 101,916 43,777 361,916 203,677 2030-2034 1,300,000 609,700 546,002 182,041 1,846,002 791,741 2035-2039 1,300,000 338,000 612,046 115,234 1,912,046 453,234 2040-2044 1,040,000 83,200 686,080 40,345 1,726,080 123,545 4,980,000$ 1,964,400 $ 2,238,193 $ 577,573 $ 7,218,193 $ 2,541,973 $ Business-type Activities Revenue Bonds Clean Water Fund Leases The Village entered into several lease agreement for police vehicles during the year ended December 31, 2024. Future minimum required payments under these contracts are as follows: Years Ending Principal Interest December 31, Payment Payment 2025 42,748$ 12,707 $ 2026 39,012 11,016 2027 24,436 7,237 2028 14,094 4,546 2029 55,616 617 175,906$ 36,123 $ Leased vehicles are expected to have a residual value at the end of the lease period, which is included in the principal payment schedule in the final year of the lease agreement. Debt premiums are deferred and amortized using the straight-line method over the life of the debt issuance in the government-wide statements The unamortized debt premiums are reported in the liability section. Activity for the year ended December 31, 2024 is summarized as follows: Balance Balance Beginning Additions Amortization Ending Governmental activities 699,107$ 170,353 $ (44,410) $ 825,050 $ Balance Balance Beginning Additions Amortization Ending Business Activities 228,592$ - $ (12,031)$ 216,561 $ Page 175 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 39 - Note G - Long-term Obligations (continued) Margin of Indebtedness The Wisconsin Statutes restrict the Village’s general obligation debt to 5% of the equalized value of all property in the Village. This amount is compared below with the outstanding debt on December 31, 2024: Equalized Value - 2024 1,308,958,400$ Debt limit (5% of $1,308,958,400) 65,447,920 Deduct general obligation debt (24,128,586) Margin of indebtedness 41,319,334$ Other Debt Information Estimated payments of compensated absences are not included in the debt service requirement schedules. The compensated absence liability attributable to governmental activities will be liquidated primarily by the general fund. Subsequent Debt Issuances Subsequent to year-end, the Village issued $3,815,000 in General Obligation Promissory Notes, Series 2025A for the purpose of funding capital projects, TID #7 projects, water system projects and sewer system projects. Interest on these bonds varies between 4.50% and 5.00%. Final payment will be November 1, 2045. Note H - Lease Income The Village has entered into various lease agreements with telecommunications companies, wherein the Village has agreed to allow the use of Village property for the purpose of telecommunications relays. Payments received on these leases totaled $69,779 for the year ended December 31, 2024. Future minimum lease payments receivable in conjunction with these leases are as follows: Year Amount 2025 69,779 $ 2026 72,707 2027 72,707 2028 72,707 2029 80,806 2030-2034 365,101 2035-2039 187,805 2040-2041 77,957 Expected future lease receipts 999,569$ Page 176 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 40 - Note I - Net Position and Fund Balances Governmental Activities Governmental net position at December 31, 2024 consists of the following: Net investment in capital assets: Land 2,259,704 $ Construction in process 4,366,119 Other capital assets, net of accumulated depreciation 50,696,781 Leased asset, net of accumulated amortization 215,356 Less: Related long-term debt (24,304,491) Less: Premium on issuance (825,050) Plus: Unspent proceeds on long-term debt 4,319,860 36,728,279$ Restricted for: Debt service 930,153 Police K-9 program 20,899 TID #4 346,793 TID #5 16,665 WRS Pension 840,279 2,154,789 Unrestricted 2,175,264 Total Governmental Activities Net Position 41,058,332$ Business-type Activities Net investment in capital assets: Land 384,719 $ Construction in process 2,906,062 Capital assets, net of accumulated depreciation 36,532,676 Less: Related long-term debt (7,218,193) Less: Unamortized premium on debt (216,561) 32,388,703$ Restricted for: Capital projects 1,952,409 Equipment replacement 1,254,231 WRS pension 107,376 3,314,016 Unrestricted 2,878,931 Total Business-type Activities Net Position 38,581,650 $ Page 177 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 41 - Note I - Net Position and Fund Balances (continued) Governmental Fund Financial Statements Nonspendable: Prepaid expenditures 128,200 $ Advances 1,738,134 1,866,334$ Restricted: Debt service fund 930,153 Police K-9 program 20,899 Tid #4 346,793 TID #5 16,665 1,314,510 Assigned: Fire/EMS fund 976,733 Recreation fund 115,061 Hotel/Motel tax fund 53,237 Park fund 297,490 1,442,521 Unassigned: 5,971,567 Total governmental funds - Fund balance 10,594,932$ Note J – Change in Accounting Principle In May 2020, The GASB issued Statement No. 96, Subscription-Based Information Technology Arrangements, which is effective for fiscal years beginning after June 15, 2022. This Statement provides guidance on the accounting and financial reporting for subscription-based information technology arrangements (“SBITAs”) for government end users (governments). This Statement (1) defines a SBITA; (2) establishes that a SBITA results in a right-to-use subscription asset—an intangible asset—and a corresponding subscription liability; (3) provides the capitalization criteria for outlays other than subscription payments, including implementation costs of a SBITA; and (4) requires note disclosures regarding a SBITA. The Village reviewed potential SBITAs and determined there were no subscriptions that required recognition under the standard. The statement did not have an effect on the financial reporting of the Village. In June 2022, the Governmental Accounting Standards Board issued GASB Statement No. 100, Accounting Changes and Error Corrections an amendment of GASB Statement No. 62 ( GASB 100) which is effective for fiscal years beginning after June 15, 2023. This statement identifies accounting changes as changes in accounting principles, changes in accounting estimates, and changes to or within the financial reporting entity and describes various transactions or events included in these changes. GASB 100 established accounting and financial reporting requirements for each type of accounting changes and correction of an error in previously issued financial statements (error correct). A prior period adjustment was made to include changes in the financial reporting entity for the year ended December 31, 2024. Page 178 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 42 - Note K – Prior Period Adjustment due to Change in Accounting Principle The Village made a change to report activity TID #7 from a major fund to a nonmajor fund. This change represents changes within the reporting entity, affecting the beginning fund balance of the governmental funds. Changes to beginning fund balance are as follows: Major to Nonmajor Beginning Stormwater Restated Balance Fund Balance Major Funds 5,239,414$ 589,476 $ 5,828,890 $ Nonmajor Funds 1,499,259 (589,476) 909,783 6,738,673$ 6,738,673 $ Note L - WRS Pension Plan Plan Description. The WRS is a cost-sharing multiple-employer defined benefit pension plan. WRS benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. Benefit terms may only be modified by the legislature. The retirement system is administered by the Wisconsin Department of Employee Trust Funds (“ETF”). The system provides coverage to all eligible State of Wisconsin, local government, and other public employees. All employees, initially employed by a participating WRS employer on or after July 1, 2011, expected to work at least 1,200 hours a year (880 hours for teachers and school district educational support employees), and expected to be employed for at least one year from employee’s date of hire are eligible to participate in the WRS. ETF issues a standalone Annual Comprehensive Financial Report (ACFR), which can be found at http://etf.wi.gov/about-etf/reports-and-studies/financial-reports-and-statements . Additionally, ETF issued a standalone Wisconsin Retirement System Financial Report, which can also be found using the link above. Vesting. For employees beginning participation on or after January 1, 1990, and no longer actively employed on or after April 24, 1998, creditable service in each of five years is required for eligibility for a retirement annuity. Participants employed prior to 1990 and on or after April 24, 1998, and prior to July 1, 2011, are immediately vested. Participants who initially became WRS eligible on or after July 1, 2011 must have five years of creditable service to be vested. Benefits provided. Employees who retire at or after age 65 (54 for protective occupations and 62 for elected officials and executive service retirement plan participants, if hired on or before 12/31/2016) are entitled to a retirement benefit based on a formula factor, their final average earnings, and creditable service. Final average earnings is the average of the participant's three highest annual earnings periods. Creditable service includes current service and prior service for which a participant received earnings and made contributions as required. Creditable service also includes creditable military service. The retirement benefit will be calculated as a money purchase benefit based on the employee’s contributions plus matching employer's contributions, with interest, if that benefit is higher than the formula benefit. Page 179 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 43 - Note L - WRS Pension Plan (continued) Benefits provided (continued) Vested participants may retire at or after age 55 (50 for protective occupations) and receive an actuarially-reduced benefit. Participants terminating covered employment prior to eligibility for an annuity may either receive employee-required contributions plus interest as a separation benefit or leave contributions on deposit and defer application until eligible to receive a retirement benefit. The WRS also provides death and disability benefits for employees. Post-Retirement Adjustments . The Employee Trust Funds Board may periodically adjust annuity payments from the retirement system based on annual investment performance in accordance with s. 40.27, Wis. Stat. An in crease (or decrease) in annuity payments may result when investment gains (losses), together with other actuarial experience factors, create a surplus (shortfall) in the reserves, as determined by the system’s consulting actuary. Annuity increases are not based on cost of living or other similar factors. For Core annuities, decreases may be applied only to previously granted increases. By law, Core annuities cannot be reduced to an amount below the original, guaranteed amount (the “floor”) set at retirement. The Core and Variable annuity adjustments granted during recent years are as follows: Year Core Fund Adjustment Variable Fund Adjustment 2014 4.7% 25% 2015 2.9 2 2016 0.5 (5) 2017 2.0 4 2018 2.4 17 2019 0. (10) 2020 1.7 21 2021 5.1 13 2022 7.4 15 2023 1.6 (21) Contributions. Required contributions are determined by an annual actuarial valuation in accordance with Chapter 40 of the Wisconsin Statutes. The employee required contribution is one-half of the actuarially determined contribution rate for General category employees, including Teachers, Executives and Elected Officials. Starting on January 1, 2016, the Executives and Elected Officials category was merged into the General Employee Category. Required contributions for protective employees are the same rate as general employees. Employers are required to contribute the remainder of the actuarially determined contribution rate. The employer may not pay the employee required contribution unless provided for by an existing collective bargaining agreement. During the reporting period, the WRS recognized $330,651 in contributions from the employer. Page 180 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 44 - Note L - WRS Pension Plan (continued) Contributions (continued) Contribution rates as of December 31, 2023 are: Pension Liabilities (Assets), Pension Expense (Revenue), and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions. At December 31, 2024, the Village reported a liability of $352,272 for its proportionate share of the net pension liability. The net pension liability was measured as of December 31, 2023, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of December 31, 2022 rolled forward to December 31, 2023. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The Village’s proportion of the net pension liability was based on the Village’s share of contributions to the pension plan relative to the contributions of all participating employers. At December 31, 2023, the Village’s proportion was 0.02369321%, which was an increase of 0.00096211% from its proportion measured as of December 31, 2022. For the year ended December 31, 2024, the Village recognized pension expense (revenue) of $175,664. At December 31, 2024, the Village reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Differences between expected and actual experience 1,420,356 $ 1,881,272 $ Net differences between projected and actual earnings on pension plan investments 1,227,612 - Changes in assumptions 153,545 - Changes in proportion and differences between employer contributions and proportionate share of contributions 2,251 20,358 Employer contributions subsequent to the measurement date 396,272 - 3,200,036$ 1,901,630 $ The amount of $396,272 reported as deferred outflows related to pension resulting from the Village’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability (asset) in the year ended December 31, 2024. Employee Category Employee Employer General (including Teachers, Executives, and Elected Officals) 6.80% 6.80% Protective with Social Security 6.80% 13.22% Protective without Social Security 6.80% 18.12% Page 181 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 45 - Note L - WRS Pension Plan (continued) Pension Liabilities (Assets), Pension Expense (Revenue), and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions (continued). Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pension will be recognized in pension expense as follows: Year Ended Deferred Outflow Deferred Inflow December 31, of Resources of Resources 2024 2,245,102$ 2,062,658 $ 2025 1,826,396 1,636,342 2026 1,454,664 688,204 2027 56,823 293,647 Actuarial assumptions. The total pension liability in the December 31, 2023, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Actuarial Valuation Date: December 31, 2022 Measurement Date of Net Pension Liability December 31, 2023 Experience Study: January 1, 2018 - December 31, 2020 Published November 19, 2021 Actuarial Cost Method: Entry Age Normal Asset Valuation Method: Fair Value Long-term Expected Rate of Return: 6.80% Discount Rate: 6.80% Salary Increases: Wage Inflation 3.00% Seniority/Merit 0.1% - 5.6% Mortality: 2020 WRS Experience Mortality Table Post-retirement Adjustments* 1.7% *No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience and other factors. 1.7% is the assumed annual adjustment based on the investment return assumption and the post-retirement discount rate. Actuarial assumptions are based upon an experience study conducted in 2021 that covered a three- year period from January 1, 2018 to December 31, 2020. The Total Pension Liability for December 31, 2023 is based upon a roll-forward of the liability calculated from the December 31, 2022 actuarial valuation. Long-term Expected Return on Plan Assets. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long- term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Page 182 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 46 - Note L - WRS Pension Plan (continued) Long-term Expected Return on Plan Assets (continued). The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table: Asset Allocation Targets and Expected Returns1 As of December 31, 2023 Core Fund Asset Class Asset Allocation % Long-Term Expected Nominal Rate of Return % Long-Term Expected Real Rate of Return %2 Public Equity 40 % 7.3 % 4.5 % Public Fixed Income 27 5.8 3.0 Inflation Sensitive Assets 19 4.4 1.7 Real Estate 8 5.8 3.0 Private Equity/Debt 18 9.6 6.7 Leverage 3 (12) 3.7 1.0 Total Core Fund 100 % 7.4 % 4.6 % Variable Fund Asset Class U.S. Equities 70 % 6.8 % 4.0 % International Equities 30 7.6 4.8 Total Variable Fund 100 % 7.3 % 4.5 % 1Asset Allocations are managed within established ranges; target percentages may differ from actual monthly allocations 2New England Pension Consultants Long Term US CPI (Inflation) Forecast: 2.5% 3The investment policy used for the Core Fund involves reducing equity exposure by leveraging lower-volatility assets, such as fixed income securities. This results in an asset allocation beyond 100%. Currently, an asset allocation target of 12% policy is used, subject to an allowable range of up to 20%. Single Discount rate. A single discount rate of 6.80% was used to measure the Total Pension Liability for the current and prior year. This single discount rate is based on the expected rate of return on pension plan investments of 6.80% and a municipal bond rate of 3.77%. (Source: Fixed-income municipal bonds with 20 years to maturity that include only federally tax-exempt municipal bonds as reported in Fidelity Index’s “20-year Municipal GO AA Index” as of December 31, 2023. In describing this index, Fidelity notes that the Municipal Curves are constructed using option-adjusted analytics of a diverse population of over 10,000 tax-exempt securities.). Because of the unique structure of WRS, the 6.80% expected rate of return implies that a dividend of approximately 1.7% will always be paid. For purposes of the single discount rate, it was assumed that the dividend would always be paid. The projection of cash flows used to determine this single discount rate assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on these assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments (including expected dividends) of current plan members. Therefore, the municipal bond rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Page 183 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 47 - Note L - WRS Pension Plan (continued) Sensitivity of the Village’s proportionate share of the net pension liability (asset) to changes in the discount rate. The following presents the Village’s proportionate share of the net pension liability (asset) calculated using the discount rate of 6.80 percent, as well as what the Village’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.80 percent) or 1-percentage-point higher (7.80 percent) than the current rate: 1% Decrease to Current 1% Increase to Discount Rate Discount Discount Rate (5.80%) Rate (6.80%) (7.80%) 3,404,879$ 352,272$ (1,783,766)$ Village's proportionate share of the net pension liability (asset) Pension plan fiduciary net position. Detailed information about the pension plan’s fiduciary net position is available in separately issued financial statements available at https://etf.wi.gov/about- etf/reports-and-studies/financial-reports-and-statements Payables to the Pension Plan. The Village reported a payable of $79,157 for the outstanding amount of contributions to the pension plan for the year ended December 31, 2024. Note M - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) Plan description. The LRLIF is a multiple-employer defined benefit OPEB plan. LRLIF benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. The Wisconsin Department of Employee Trust Funds (ETF) and the Group Insurance Board have statutory authority for program administration and oversight. The plan provides post-employment life insurance benefits for all eligible employees. OPEB Plan Fiduciary Net Position. ETF issues a standalone Annual Comprehensive Financial Report (ACFR), which can be found at https://etf.wi.gov/about-etf/reports-and-studies/financial-reports-and- statements. Additionally, ETF issued a standalone Retiree Life Insurance Financial Report, which can also be found the link above. Benefits provided . The LRLIF plan provides fully paid up life insurance benefits for post-age 64 retired employees and pre-65 retirees who pay for their coverage. Contributions. The Group Insurance Board approves contribution rates annually, based on recommendations from the insurance carrier. Recommended rates are based on an annual valuation, taking into consideration an estimate of the present value of future benefits and the present value of future contributions. A portion of employer contributions made during a member’s working lifetime funds a post-retirement benefit. Employers are required to pay the following contributions based on employee contributions for active members to provide them with Basic Coverage after age 65. There are no employer contributions required for pre-age 65 annuitant coverage. If a memb er retires prior to age 65, they must continue paying the employee premiums until age 65 in order to be eligible for the benefit after age 65. Page 184 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 48 - Note M - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) - (continued) Contributions (continued) Contribution rates as of December 31, 2023 are: Coverage Type Employer Contribution 50% Post Retirement Coverage 40% of employee contribution 25% Post Retirement Coverage 20% of employee contribution Member contributions are based upon nine age bands through age 69 and an additional eight age bands for those age 70 and over. Participating employees must pay monthly contribution rates per $1,000 of coverage until the age of 65 (age 70 if active). The employee contribution rates in effect for the year ended December 31, 2023 are as listed below: Life Insurance Employee Contribution Rates* For the year ended December 31, 2023 Attained Age Basic Supplemental Under 30 $0.05 $0.05 30-34 0.06 0.06 35-39 0.07 0.07 40-44 0.08 0.08 45-49 0.12 0.12 50-54 0.22 0.22 55-59 0.39 0.39 60-64 0.49 0.49 65-69 0.57 0.57 *Disabled members under age 70 receive a waiver-of-premium benefit. During the reporting period, the LRLIF recognized $1,066 in contributions from the employer. OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEBs At December 31, 2024, the Village reported a liability of $240,784 for its proportionate share of the net OPEB liability. The net OPEB liability was measured as of December 31, 2023, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of January 1, 2023 rolled forward to December 31, 2023. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The Village’s proportion of the net OPEB liability was based on the Village’s share of contributions to the OPEB plan relative to the contributions of all participating employers. At December 31 2023, the Village’s proportion was 0.05233700%, which was an increase of 0.003632% from its proportion measured as of December 31, 2022. For the year ended December 31, 2024, the Village recognized OPEB expense of $20,447. Page 185 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 49 - Note M - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) - (continued) OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEBs (continued) At December 31, 2024, the Village’s reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Differences between expected and actual experience - $ 21,310$ Net differences between projected and actual earnings on OPEB plan investments 3,251 - Changes in assumptions 75,319 94,816 Changes in proportion and differences between employer contributions and proportionate share of contributions 35,660 24,028 Employer contributions subsequent to measurement date 1,203 - 115,433$ 140,154 $ The amount of $1,203 reported as deferred outflows related to OPEB resulting from the Village’s contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the year ended December 31, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Year Ended Deferred Outflow Deferred Inflow December 31, of Resources of Resources 2024 34,950 $ 34,770 $ 2025 32,330 29,814 2026 20,583 28,339 2027 10,849 27,124 2028 9,507 19,136 2029 6,011 971 Page 186 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 50 - Note M - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) - (continued) Actuarial assumptions . The total OPEB liability in the January 1, 2023, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement: Actuarial Valuation Date: January 1, 2023 Measurement Date of Net OPEB Liability (Asset) December 31, 2023 Experience Study: January 1, 2018 – December 31, 2020, Published November 19, 2021 Actuarial Cost Method: Entry Age Normal 20 Year Tax-Exempt Municipal Bond Yield: 3.72% Long-term Expected Rated of Return: 4.25% Discount Rate: 3.76% Salary Increases Wage Inflation: Seniority/Merit: 3.00% 0.1% - 5.6% Mortality: 2020 WRS Experience Mortality Table Actuarial assumptions are based upon an experience study conducted in 2021 that covered a three- year period from January 1, 2018 to December 31, 2020. The Total OPEB Liability for December 31, 2023 is based upon a roll-forward of the liability calculated from the January 1, 2023 actuarial valuation. Long-term expected Return on Plan Assets. The long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. Investments for the LRLIF are held with Securian, the insurance carrier. Interest is calculated and credited to the LRLIF based on the rate of return for a segment of the insurance carriers’ general fund, specifically 10-year A- Bonds (as a proxy, and not tied to any specific investments). The overall aggregate interest rate is calculated using a tiered approach based on the year the funds were originally invested and the rate of return for that year. Investment interest is credited based on the aggregate rate of return and assets are not adjusted to fair market value. Furthermore, the insurance carrier guarantees the principal amounts of the reserves, including all interest previously credited thereto. Page 187 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 51 - Note M - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) - (continued) Long-term expected Return on Plan Assets (continued). Local OPEB Life Insurance Asset Allocation Targets and Expected Returns As of December 31, 2023 Asset Class Index Target Allocation Long-Term Expected Geometric Real Rate of Return US Intermediate Credit Bonds Bloomberg US Interm Credit 40% 2.32% US Mortgages Bloomberg US MBS 60% 2.52% Inflation 2.30% Long-Term Expected Rate of Return 4.25% The long-term expected rate of return remained unchanged from the prior year at 4.25%. The long- term expected rate of return is determined by adding the expected inflation to expected long-term real returns and reflecting expected volatility and correlation. The expected inflation rate remained unchanged from the prior year at 2.30%. Single Discount rate. A single discount rate of 3.32% was used to measure the total OPEB liability for the current year, as opposed to a discount rate of 3.76% for the prior year. The significant change in the discount rate was primarily caused by the decrease in the municipal bond rate from 3.72% as of December 31, 2022 to 3.26% as of December 31, 2023. The Plan’s fiduciary net position was projected to be insufficient to make all projected future benefit payments of current active and inactive employees. Therefore, the discount rate for calculating the total OPEB liability is equal to the single equivalent rate that results in the same actuarial present value as the long-term expected rate of return applied to benefit payments, to the extent that the plan’s fiduciary net position is projected to be sufficient to make projected benefit payments, and the municipal bond rate applied to benefit payment to the extent that the plan’s fiduciary net position is projected to be insufficient. The plan’s fiduciary net position was projected to be available to make projected future benefit payments of current plan members through December 31, 2036. The projection of cash flows used to determine the single discount rate assumed that employer contributions will be made according to the current employer contribution schedule and that contributions are made by plan members retiring prior to age 65. Page 188 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 (CONTINUED) - 52 - Note M - Other Post-Employment Benefits – Local Retiree Life Insurance Fund (“LRLIF”) - (continued) Sensitivity of the Village’s proportionate share of the net OPEB liability to changes in the discount rate. The following presents the Village’s proportionate share of the net OPEB liability calculated using the discount rate of 3.32 percent, as well as what the Village’s proportionate share of the net OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (2.32 percent) or 1-percentage-point higher (4.32 percent) than the current rate: 1% Decrease to Current 1% Increase to Discount Rate Discount Discount Rate (2.32%) Rate (3.32%) (4.32%) 323,527$ 240,784 $ 177,625 $ Village's proportionate share of the OPEB liability Note N – Joint Agreements The Village of Jackson, Town of Jackson, and the Town of Polk have a joint agreement for Fire and EMS services. These activities are accounted for in the Fire and EMS Special Revenue Fund. The cost of this fund is shared by the municipalities based on proportionate share of equalized values and other factors. The cost of operations to the Village for the year ended December 31, 2024 was $434,171. Note O - Litigation and Contingencies From time to time, the Village is party to various pending claims and legal proceedings. Although the outcome of such matters cannot be forecasted with certainty, it is the opinion of management and the Village attorney that the likelihood is remote that any such claims or proceedings will have a material adverse effect on the Village’s financial position or result of operations. Note P - Subsequent Events Management has evaluated the need for disclosure or recording of transactions resulting from subsequent events through (June 26, 2025) the date the financial statements were available to be issued. x Subsequent to year-end, the Village issued new debt. See Note G for additional information. Note Q - Effect of New Accounting Standards on Financial Statements The Government Accounting Standards Board (GASB) has approved the following: x Statement No. 101, Compensated Absences x Statement No. 102, Certain Risk Disclosures x Statement No. 103, Financial Reporting Model Improvements When they become effective, application of these standards may restate portions of these financial statements. Page 189 of 212 DRAFT 6/27/2025 REQUIRED SUPPLEMENTARY INFORMATION Page 190 of 212 Variance Original Final Positive Budget Budget Actual (Negative) TAXES General property taxes 4,058,981 $ 4,058,981 $ 4,058,982 $ 1 $ Ag use-value penalties - - 13,084 13,084 Mobile home parking fees 140,000 140,000 77,180 (62,820) Taxes from Utilities 260,000 260,000 189,434 (70,566) Interest on personal property taxes 100 100 6,946 6,846 TOTAL TAXES 4,459,081 4,459,081 4,345,626 (113,455) INTERGOVERNMENTAL Shared taxes from state 265,160 265,160 468,118 202,958 State personal property aid 19,976 19,976 19,976 - State video service aid 19,431 19,431 19,431 - Exempt computer aid 20,689 20,689 20,689 - Recycling grants 10,569 10,569 10,584 15 Police - State/Federal aids 5,000 5,000 33,481 28,481 State Aid - in lieu of taxes 500 500 458 (42) State transportation aid 309,647 309,647 309,693 46 Fire and EMS grant - Washington County - - 74,000 74,000 Other state payments 203,502 203,502 - (203,502) TOTAL INTERGOVERNMENTAL 650,972 650,972 956,430 101,956 LICENSES AND PERMITS Liquor license 3,380 3,380 5,394 2,014 Hotel/Motel license 300 300 286 (14) Operators license 3,400 3,400 3,293 (107) Cigarette license 300 300 587 287 Video franchise fees 75,000 75,000 70,088 (4,912) Dog license 5,500 5,500 6,605 1,105 Cat license 600 600 714 114 Other licenses 1,000 1,000 3,574 2,574 Building permits 180,000 180,000 384,740 204,740 Special assessments - - - - Planning/Zoning application fees 3,500 3,500 3,540 40 WI permit seals 1,500 1,500 3,960 2,460 Address/Fire # 2,000 2,000 3,962 1,962 Erosion control permits 5,000 5,000 20,412 15,412 Publication fees 170 170 270 100 TOTAL LICENSES AND PERMITS 281,650 281,650 507,425 225,775 VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE GENERAL FUND REVENUES YEAR ENDED DECEMBER 31, 2024 See accompanying notes to required supplementary information. - 54 - Page 191 of 212 Variance Original Final Positive Budget Budget Actual (Negative) FINES AND FORFEITURES Police - Court penalties 55,000 55,000 30,117 (24,883) Police - Parking fines 4,500 4,500 2,428 (2,072) TOTAL FINES AND FORFEITURES 59,500 59,500 32,545 (26,955) CHARGES FOR SERVICES Police - Accident reports 500 500 125 (375) Police - OWI test/fingerprinting 2,500 2,500 1,879 (621) Conceal carry class - - 850 850 Police - DVD's - - 40 40 Police - Warrant fees 250 250 1,011 761 Clerks fees 7,000 7,000 18,164 11,164 Public works revenue 100 100 105 5 Recycling revenue - - 886 886 Street opening permits 1,000 1,000 11,560 10,560 NSF charges 160 160 105 (55) Aurora Healthcare payment 30,000 30,000 32,980 2,980 TOTAL CHARGES FOR SERVICES 41,510 41,510 67,705 26,195 MISCELLANEOUS AND INTEREST Interest on temporary investments 25,703 25,703 345,917 320,214 Insurance dividends 7,218 7,218 - (7,218) Verizon lease 29,285 29,285 29,285 - US Cellular lease 33,745 33,745 40,494 6,749 Police - Donations - - 8,141 8,141 Police - Fundraiser - - 1,146 1,146 Miscellaneous general revenue 130,000 130,000 (52) (130,052) TOTAL MISCELLANEOUS AND INTEREST 225,950 225,950 424,931 198,981 TOTAL REVENUES 5,718,663$ 5,718,663 $ 6,334,662 $ 412,497 $ GENERAL FUND REVENUES YEAR ENDED DECEMBER 31, 2024 VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE See accompanying notes to required supplementary information. - 55 - Page 192 of 212 Variance Original Final Positive Budget Budget Actual (Negative) GENERAL GOVERNMENT Village board 39,350 $ 39,350 $ 29,642 $ 9,708 $ Appointed committee wages 6,150 6,150 3,206 2,944 Village attorney 62,000 62,000 37,259 24,741 Administrative wages 448,409 448,409 401,779 46,630 Administration 236,750 236,750 49,958 186,792 Elections 31,269 31,269 40,721 (9,452) Admin - audit and accounting 30,000 30,000 36,075 (6,075) Assessments 40,000 40,000 40,753 (753) Insurance 58,000 58,000 49,976 8,024 Utilities 32,600 32,600 18,511 14,089 Supplies 2,000 2,000 325 1,675 Computer and internet 25,000 25,000 28,467 (3,467) Repairs and maintenance 11,300 11,300 10,413 887 Signs 1,500 1,500 1,430 70 Licenses and fees 2,425 2,425 2,262 163 ARPA expenses - - 762 (762) TOTAL GENERAL GOVERNMENT 1,026,753 1,026,753 751,539 275,214 PUBLIC SAFETY Police department 2,276,108 2,276,108 2,258,780 17,328 Emergency government 5,220 5,220 3,225 1,995 Building inspector 186,304 186,304 157,386 28,918 TOTAL PUBLIC SAFETY 2,467,632 2,467,632 2,419,391 48,241 PUBLIC WORKS Engineering 59,161 59,161 37,238 21,923 Streets 676,134 676,134 658,320 17,814 Storm sewers 3,000 3,000 10,679 (7,679) Trash 340,108 340,108 296,426 43,682 Recycling 196,584 196,584 201,987 (5,403) TOTAL PUBLIC WORKS 1,274,987 1,274,987 1,204,650 70,337 CULTURE AND RECREATION Parks 256,111 256,111 244,272 11,839 CONSERVATION AND DEVELOPMENT Conservation and development 16,800 16,800 17,771 (971) VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE GENERAL FUND EXPENDITURES YEAR ENDED DECEMBER 31, 2024 See accompanying notes to required supplementary information. - 56 - Page 193 of 212 BUDGETARY COMPARISON SCHEDULE GENERAL FUND EXPENDITURES YEAR ENDED DECEMBER 31, 2024 Variance Original Final Positive Budget Budget Actual (Negative) CAPITAL OUTLAY General government - $ - $ 201,158$ (201,158) $ Culture, Recreation and Education - - 148,996 (148,996) Police - - 102,773 (102,773) Public works - contributed and purchased - - 230,314 (230,314) TOTAL CAPITAL OUTLAY - - 683,241 (683,241) TOTAL EXPENDITURES 5,042,283 5,042,283 5,320,864 (278,581) OTHER FINANCING SOURCES (USES) Transfers out (880,384) (880,384) (880,384) - Proceeds on leased vehicles - - 77,110 77,110 Police - Sale of property 500 500 741 241 TOTAL OTHER FINANCING SOURCES (USES) (879,884) (879,884) (802,533) 77,351 NET CHANGE IN FUND BALANCE (203,504) (203,504) 211,265 768,429 $ FUND BALANCES - BEGINNING OF YEAR 1,969,744 1,969,744 4,228,852 FUND BALANCES - END OF YEAR 1,766,240$ 1,766,240 $ 4,440,117 $ VILLAGE OF JACKSON See accompanying notes to required supplementary information. - 57 - Page 194 of 212 Note: Not needed for 2023 audit. Fire and EMS is not a major fund. Variance Original Final Positive Budget Budget Actual (Negative) INTERGOVERNMENTAL State 2% dues 74,000 74,000 82,515 8,515 Grant revenue - - 1,148 1,148 EMS FAP funds 12,000 12,000 7,581 (4,419) Other state payments 12,000 12,000 - (12,000) TOTAL INTERGOVERNMENTAL 98,000 98,000 91,244 (6,756) CHARGES FOR SERVICES CPR training 2,500 2,500 2,090 (410) EMS billing 350,000 350,000 361,216 11,216 Haz Mat incidents 500 500 186 (314) Occupancy permits 1,000 1,000 1,400 400 Permit fees 1,000 1,000 3,035 2,035 TOTAL CHARGES FOR SERVICES 355,000 355,000 367,927 12,927 INTERGOVERNMENTAL CHARGES FOR SERVICES Town of Jackson contribution 329,016 329,016 329,016 - Town of Polk contribution 105,156 105,156 105,156 - TOTAL INTERGOVERNMENTAL CHARGES FOR SERVICES 434,172$ 434,172 $ 434,172 $ - $ MISCELLANEOUS AND INTEREST Interest on temporary investments 250 250 875 625 Donations 6,000 6,000 11,463 5,463 Sale of Village property 35,000 35,000 35,000 - Miscellaneous revenues 1,000 1,000 4,997 3,997 TOTAL MISCELLANEOUS AND INTEREST 42,250 42,250 52,335 10,085 TOTAL REVENUES 929,422$ 929,422 $ 945,678 $ 16,256 $ VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE FIRE AND EMS FUND REVENUES YEAR ENDED DECEMBER 31, 2024 See accompanying notes to required supplementary information. - 56 - Page 195 of 212 Variance Original Final Positive Budget Budget Actual (Negative) PUBLIC SAFETY Salaries/wages 762,215 762,215 711,361 50,854 Health and life insurance 135,647 135,647 113,759 21,888 Wiscosin retirement system 79,971 79,971 80,601 (630) Social security 48,908 48,908 45,346 3,562 Medicare 11,438 11,438 10,605 833 Medical reimbursement 2,500 2,500 1,990 510 Equipment repair 10,000 10,000 8,546 1,454 Fuel and lubricants 17,640 17,640 20,059 (2,419) Buildings and grounds maintenance 10,000 10,000 10,688 (688) New and replacement equipment 14,000 14,000 17,478 (3,478) Truck and equipment maintenance 23,000 23,000 26,408 (3,408) Office supplies, PC support, postage 3,605 3,605 4,534 (929) Pre-employment physical 4,000 4,000 6,000 (2,000) Length of service program 13,000 13,000 13,000 - Intercept/Health Care billing 30,000 30,000 26,513 3,487 Fire prevention 6,700 6,700 9,567 (2,867) Scene assistance 2,000 2,000 216 1,784 Turn-out gear and uniforms 25,000 25,000 38,703 (13,703) SCBA testing and repair 3,000 3,000 5,572 (2,572) Ladder testing 2,261 2,261 734 1,527 Audit and accounting 600 600 - 600 Utilities 49,200 49,200 40,033 9,167 Telephone 5,500 5,500 6,409 (909) Attorney fees 500 500 600 (100) Medical supplies 26,500 26,500 23,999 2,501 FAP funding 12,000 12,000 10,190 1,810 Donations 1,500 1,500 4,327 (2,827) Education, travel and dues 12,500 12,500 8,802 3,698 Antique fire truck - - 102 (102) property and liability insurance 25,000 25,000 21,667 3,333 Equipment replacement fund 12,000 12,000 10,682 1,318 EMS equipment replacement 3,500 3,500 1,414 2,086 TOTAL PUBLIC SAFETY 1,353,685 1,353,685 1,278,491 73,780 TOTAL EXPENDITURES 1,353,685 1,353,685 1,278,491 73,780 VILLAGE OF JACKSON BUDGETARY COMPARISON SCHEDULE FIRE AND EMS FUND EXPENDITURES YEAR ENDED DECEMBER 31, 2024 See accompanying notes to required supplementary information. - 57 - Page 196 of 212 Variance Original Final Positive Budget Budget Actual (Negative) OTHER FINANCING SOURCES (USES) Village contribution (transfer in) 619,363 619,363 619,363 - Transfer to debt service fund (71,500) (71,500) (71,454) 46 TOTAL OTHER FINANCING SOURCES (USES) 547,863 547,863 547,909 46 NET CHANGE IN FUND BALANCE 123,600 123,600 215,096 (57,478) $ FUND BALANCES - BEGINNING OF YEAR 645,167 645,167 784,804 FUND BALANCES - END OF YEAR 768,767$ 768,767 $ 999,900 $ BUDGETARY COMPARISON SCHEDULE FIRE AND EMS FUND EXPENDITURES YEAR ENDED DECEMBER 31, 2024 VILLAGE OF JACKSON See accompanying notes to required supplementary information. - 58 - Page 197 of 212 Net pension Plan fiduciary net (asset) liability position as a Proportion of the Proportionate share as a percentage percentage of total WRS net pension (asset) of the net pension Covered-employee of employee pension (asset) Year End liability (asset) liability payroll payroll liability 2023 0.02369321% 352,272 $ 3,277,081 $ 10.75% 98.85% 2022 0.02273110% 1,204,226 $ 2,963,207 $ 40.64% 95.72% 2021 0.02175548% (1,753,531) $ 2,858,709 $ -61.34% 106.02% 2020 0.02083029% (1,300,463) $ 2,784,138 $ -46.71% 105.26% 2019 0.01972279% (635,952) $ 2,541,523 $ -25.02% 102.96% 2018 0.01903829% 677,322 $ 2,388,882 $ 28.36% 96.45% 2017 0.01831388% (543,760) $ 2,278,882 $ -23.86% 102.93% 2016 0.01780272% 145,947 $ 2,221,840 $ 6.57% 99.12% 2015 0.01782027% 289,291 $ 2,128,161 $ 13.59% 98.20% 2014 0.00178682% (438,892) $ 2,005,966 $ -21.88% 102.74% Contributions as a Contractually Contributions in relation Covered percentage of WRS required to the contractually Contribution employee covered-employee Year End contributions required contributions deficiency (excess) payroll payroll 2023 330,651$ 330,651 $ - $ 3,277,081$ 10.09% 2022 275,167$ 275,167 $ - $ 2,963,207$ 9.29% 2021 262,567$ 262,567 $ - $ 2,858,709$ 9.18% 2020 251,023$ 251,023 $ - $ 2,784,138$ 9.02% 2019 213,126$ 213,126 $ - $ 2,541,523$ 8.39% 2018 203,618$ 203,618 $ - $ 2,388,882$ 8.52% 2017 192,405$ 192,405 $ - $ 2,278,882$ 8.44% 2016 173,975$ 173,975 $ - $ 2,221,840$ 7.83% 2015 170,215$ 170,215 $ - $ 2,128,161$ 8.00% 2014 169,291$ 169,291 $ - $ 2,005,966$ 8.44% *GASB Pronouncements 67 and 68 require the presentation of the last 10 prior fiscal years completed under these pronouncements. SCHEDULE OF CONTRIBUTIONS Wisconsin Retirement System Last 10 Fiscal Years* VILLAGE OF JACKSON SCHEDULE OF PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET) Wisconsin Retirement System Last 10 Fiscal Years* *The amounts presented for each fiscal year were determined as of the prior calendar year-end. DECEMBER 31, 2024 See accompanying notes to required supplementary information. - 58 - Page 198 of 212 Net OPEB Plan fiduciary net (asset) liability position as a Proportion of the Proportionate share as a percentage percentage of total LRLIF net OPEB (asset) of the net OPEB Covered-employee of employee OPEB (asset) Year End liability (asset) liability payroll payroll liability 2023 0.05233700% 240,784 $ 3,135,000 $ 7.68% 33.90% 2022 0.04870500% 185,558 $ 2,864,000 $ 6.48% 38.81% 2021 0.04466600% 263,993 $ 2,727,000 $ 9.68% 29.57% 2020 0.05541700% 304,834 $ 2,728,000 $ 11.17% 31.36% 2019 0.05223100% 222,746 $ 2,379,000 $ 9.36% 37.58% 2018 0.51101000% 131,858 $ 2,305,000 $ 5.72% 48.69% 2017 0.04788100% 144,054 $ 2,013,533 $ 7.15% 44.81% Contributions as a Contractually Contributions in relation percentage of LRLIF required to the contractually Contribution Covered-employee covered-employee Year End contributions required contributions deficiency (excess) payroll payroll 2023 1,066$ 1,066 $ - $ 3,135,000$ 0.03% 2022 977 $ 977 $ - $ 2,864,000$ 0.05% 2021 1,105$ 1,105 $ - $ 2,727,000$ 0.04% 2020 1,105$ 1,105 $ - $ 2,728,000$ 0.04% 2019 945 $ 945 $ - $ 2,379,000$ 0.04% 2018 1,673$ 1,673 $ - $ 4,126,000$ 0.04% 2017 1,802$ 1,802 $ - $ 3,991,195$ 0.05% Local Retiree Life Insurance Last 10 Fiscal Years* *The amounts presented for each fiscal year were determined as of the prior calendar year-end. *GASB Pronouncement 75 require the presentation of the last 10 prior fiscal years completed under these pronouncements. The fiscal years completed prior to the enactment of these pronouncements are not required to be presented for this schedule. VILLAGE OF JACKSON DECEMBER 31, 2024 SCHEDULE OF PROPORTIONATE SHARE OF THE NET OPEB LIABILITY (ASSET) Local Retiree Life Insurance Last 10 Fiscal Years* SCHEDULE OF CONTRIBUTIONS - OPEB See accompanying notes to required supplementary information. - 59 - Page 199 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION DECEMBER 31, 2024 - 60 - Note 1. Budgetary Information The Village creates a budget for th e General Fund. The Vi llage reviews and adopts its annual budget by December or earlier of the preceding year. The budgetary information included in the accompanying financial statements is comprised of the originally approved budget plus or minus approved revisions of budgeted revenues and expenditures. These budgets are adopted on a basis consistent with GAAP. Management control of the budgetary process has been established at the departmental level of expenditure. A department can be a fund, cost center, program or other activity for which control of expenditures is considered desirable. Budget appropriations for certain capital projects funds are project oriented, often possessing multi-year lives; consequently, budgeted capital projects expenditures are controlled through fund balances. The budget may be amended for supplemental appropriations periodically during the year. Budget changes require a two-thirds approval by the Village Board. The 2024 general fund budget was amended by the Village Board. Note 2. Excess Expenditures over Appropriations The Village had the following expenditures in excess of appropriations as presented in the “Budgetary Comparison Schedule – General Fund Expenditures”. Amount Capital outlay 683,241 $ The excess expenditures were absorbed by revenues in excess of budget and expenditures under budget in other areas. Note 3. OPEB Information Changes of benefit terms. There were no recent changes in benefit terms. Changes of assumptions. In addition to the rate changes detailed in the tables above, the State of Wisconsin Employee Trust Fund Board adopted economic and demographic assumption changes based on a three year experience study performed for the Wisconsin Retirement System. These assumptions are used in the actuarial valuations of OPEB liabilities (assets) for the retiree life insurance programs and are summarized below. The assumption changes that were used to measure the December 31, 2021 total OPEB liabilities, including the following: x Lowering price inflation rate from 2.5% to 2.4% x Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2018 Mortality Table to the 2020 WRS Experience Mortality Table. The assumption changes that were used to measure the December 31, 2018 total OPEB liabilities, including the following: x Lowering the long-term expected rate of return from 5.00% to 4.25% x Lowering the wage inflation rate from 3.2% to 3.0% x Lowering the price inflation rate from 2.7% to 2.5% x Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2012 Mortality Table to the Wisconsin 2018 Mortality Table. Page 200 of 212 DRAFT 6/27/2025 VILLAGE OF JACKSON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION DECEMBER 31, 2024 (CONTINUED) - 61 - Note 4. Wisconsin Retirement Systems Pensions Changes of benefit terms. There were no changes of benefit terms for any participating employer in WRS. Changes of assumptions. Based on a three-year study conducted in 2021 covering January 1, 2018 through December 31, 2020, the ETF Board adopted assumption changes that were used to measure the total pension liability beginning with the year-end December 31, 2021, including the following: x Lowering the long-term expected rate of return from 7.0% to 6.8% x Lowering the discount rate from 7.0% to 6.8% x Lowering price inflation rate from 2.5% to 2.4% x Lowering the post-retirement adjustments from 1.9% to 1.7% x Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2018 Mortality Table to the 2020 WRS Experience Mortality Table. Based on a three-year experience study conducted in 2018 covering January 1, 2015 through December 31, 2017, the ETF Board adopted assumption changes that were used to measure the total pension liability beginning with the year-ended December 31, 2018, including the following: x Lowering the long-term expected rate of return from 7.2% to 7.0% x Lowering the discount rate from 7.2% to 7.0% x Lowering the wage inflation rate from 3.2% to 3.0% x Lowering the price inflation rate from 2.7% to 2.5% x Lowering post-retirement adjustments from 2.1% to 1.9% x Mortality assumptions were changed to reflect updated trends by transitioning from the Wisconsin 2012 Mortality Table to the Wisconsin 2018 Mortality Table. Page 201 of 212 Note 4 - Wisconsin Retirement System Pensions - continued 2023 2022 2021 2020 2019 Valuation Date: December 31, 2020 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 Actuarial Cost Method: Frozen Entry Age Frozen Entry Age Frozen Entry Age Frozen Entry Age Frozen Entry Age Amortization Method: Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Amortization Period: 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS Asset Valuation Method: Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Actuarial Assumptions Net Investment Rate of Return 5.4% 5.4% 5.4% 5.4% 5.5% Weighted based on assumed rate for: Pre-retirement 7.0% 7.0% 7.0% 7.0% 7.2% Post-retirement 5.0% 5.0% 5.0% 5.0% 5.0% Salary Increases Wage Inflation 3.0% 3.0% 3.0% 3.0% 3.2% Seniority/Merit 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% Post Retirement Benefit Adjustments*: 1.9% 1.9% 1.9% 1.9% 2.1% Retirement Age: Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2018 valuation pursuant to an experience study of the period 2015- 2017. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2018 valuation pursuant to an experience study of the period 2015- 2017. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2018 valuation pursuant to an experience study of the period 2015- 2017. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2018 valuation pursuant to an experience study of the period 2015- 2017. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2015 valuation pursuant to an experience study of the period 2012- 2014. Mortality: Wisconsin 2018 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2018 fully generational improvement scale (multiplied by 60%). Wisconsin 2018 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2018 fully generational improvement scale (multiplied by 60%). Wisconsin 2018 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2018 fully generational improvement scale (multiplied by 60%). Wisconsin 2018 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2018 fully generational improvement scale (multiplied by 60%). Wisconsin 2012 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2015 fully generational improvement scale (multiplied by 50%). *No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience, and other factors. Value is assumed annual adjustment based on the investment return assumption and the post-retirement discount rate. VILLAGE OF JACKSON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2024 (CONTINUED) Significant methods and assumptions used in calculating Wisconsin Retirement System Actuarially Determined Contributions: - 62 - Page 202 of 212 Note 4 - Wisconsin Retirement System Pensions - continued 2018 2017 2016 2015 2014 2013 Valuation Date: December 31, 2016 December 31, 2015 December 31, 2014 December 31, 2013 December 31, 2012 December 31, 2011 Actuarial Cost Method: Frozen Entry Age Frozen Entry Age Frozen Entry Age Frozen Entry Age Frozen Entry Age Frozen Entry Age Amortization Method: Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll- Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Level Percent of Payroll-Closed Amortization Period Amortization Period: 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS 30 Year closed from date of participation in WRS Asset Valuation Method: Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Five Year Smoothed Market (Closed) Actuarial Assumptions Net Investment Rate of Return 5.5% 5.5% 5.5% 5.5% 5.5% 5.5% Weighted based on assumed rate for: Pre-retirement 7.2% 7.2% 7.2% 7.2% 7.2% 7.2% Post-retirement 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% Salary Increases Wage Inflation 3.2% 3.2% 3.2% 3.2% 3.2% 3.2% Seniority/Merit 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% 0.1%-5.6% Post Retirement Benefit Adjustments*: 2.1% 2.1% 2.1% 2.1% 2.1% 2.1% Retirement Age: Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2015 valuation pursuant to an experience study of the period 2012-2014. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2015 valuation pursuant to an experience study of the period 2012- 2014. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2012 valuation pursuant to an experience study of the period 2009- 2011. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2012 valuation pursuant to an experience study of the period 2009- 2011. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2012 valuation pursuant to an experience study of the period 2009- 2011. Experience-based table of rates that are specific to the type of eligibility condition. Last updated for the 2009 valuation pursuant to an experience study of the period 2006- 2008. Mortality: Wisconsin 2012 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2015 fully generational improvement scale (multiplied by 50%). Wisconsin 2012 Mortality Table. The rates based on actual WRS experience adjusted for future mortality improvements using the MP-2015 fully generational improvement scale (multiplied by 50%). Wisconsin 2012 Mortality Table. The rates based on actual WRS experience projected to 2017 with scaled BB to all future improvements (margin) in mortality. Wisconsin 2012 Mortality Table. The rates based on actual WRS experience projected to 2017 with scaled BB to all future improvements (margin) in mortality. Wisconsin 2012 Mortality Table. The rates based on actual

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Source: Village of Jackson website. First collected Oct 18, 2026.