Budget Hearing Notice

2026 2027 Percent Budget Budget Change 218,050$ 228,050$ 12,000 12,000 3,153,893 3,210,759 1,460,200 1,482,700 294,500 287,500 773,595 775,843 3,950 3,950 772,285 816,889 Total Revenues Excluding Property Taxes 6,688,473 6,817,691 1.9% 12,496,181 13,011,059 4.1% 1,806,000 1,877,795 600,000 673,500 TOTAL REVENUES, OTHER FINANCING SOURCES & FUND BALANCE APPLIED 21,590,654$ 22,380,045$ 3.7% EXPENDITURES, OTHER FINANCING USES & FIRE RESERVES: 2,141,095$ 2,002,919$ 10,124,919 11,468,459 3,357,979 3,449,901 139,905 127,406 1,414,967 1,507,826 2,483,698 2,551,766 560,094 598,269 20,222,658 21,706,545 7.3% 885,850 673,500 482,146 - TOTAL EXPENDITURES, OTHER FINANCING USES & FIRE RESERVES 21,590,654$ 22,380,045$ 3.7% The 2027 proposed budgets for all funds combined: 2026 Budget 2027 Budget General Fund $14,071,942 $21,706,545 $22,380,045 $13,398,442 $12,496,181 $13,011,059 Fire & Ambulance Reserve Fund 1,292,617 5,000 150,000 1,147,617 Garbage & Refuse Special Revenue Fund 525,244 1,363,225 1,476,513 411,956 Woodcreek Stormwater Fund 123,108 8,451 8,599 122,960 River Watershed Fund 191,903 432,754 432,754 191,903 Transportation Facilities Impact Fee Fund (833,974) 159,000 30,000 (704,974) Law Enforcement Facilities Impact Fee Fund 460,819 157,000 314,100 303,719 Park & Recreation Facilities Impact Fee Fund 2,735,988 710,000 515,000 2,930,988 Police Equipment Donations Fund 8,116 - 400 7,716 K9 Fund 9,288 500 9,514 274 Community Development Authority Fund 49,664 100 10,000 39,764 Tourism Fund 615,579 567,100 736,344 446,334 Debt Service Fund 337,412 4,974,564 4,974,564 337,412 2,306,231 2,634,181 T.I.D. #8 Capital Projects Fund (1,644) - 150 (1,794) T.I.D. #4 Capital Projects Fund 803,957 5,000 808,957 - T.I.D. #5 Capital Projects Fund (294,697) 857,386 42,013 520,676 T.I.D. #6 Capital Projects Fund (69,430) 509,735 1,202,763 (762,459) T.I.D. #7 Capital Projects Fund 7,404,330 1,659,903 6,757,451 2,306,782 Capital Improvements Fund 6,345,575 3,517,286 5,983,799 3,879,062 2,100,000 2,314,905 Wastewater Utility 90,332,135 9,196,717 6,686,196 92,842,656 Water Utility 52,124,394 7,696,329 5,635,374 54,185,349 Electric Utility 64,818,600 32,222,929 29,375,958 67,665,571 Technology Internal Service Fund 1,008,257 1,054,350 1,154,282 908,325 Risk Management Internal Service Fund 256,418 798,286 798,286 256,418 Fleet Maintenance Internal Service Fund 274,798 893,576 893,576 274,798 TOTAL ALL FUNDS $242,590,400 $88,495,736 $90,376,638 $240,709,496 $16,902,412 $17,960,145 PERCENT CHANGE -0.8% 6.3% 2026 2027 $ Change % Change Estimated Equalized Value Property Tax Rate $4.11 $4.05 -$0.06 -1.6% Estimated Assessed Value Property Tax Rate $4.16 $4.16 $0.00 0.0% The City's outstanding debt at December 31, 2026 is projected to be: General Obligation Notes & Bonds $41,185,000 Unsecured Debt - Mortgage Revenue Bonds - Utility Revenue Bonds - TOTAL DEBT $41,185,000 Total Expenditures Other Financing Uses Fire Reserves SUMMARY BY FUND If a person with a disability requires the meeting be accessible or materials at the meeting be in an accessible format call the Clerk's office at 262-569-2186 at least 48 hours prior to the meeting to request adequate accommodations. Interested persons may attend the hearing in person or submit their opinions to the City Clerk in writing prior to the hearing. Gina Kozlik, City Clerk Fund Balance January 1 Total Revenues Total Expend Fund Balance December 31 Property Tax Contribution Public Charges for Services Interfund Charges for Services Miscellaneous Revenues Conservation & Development General Property Taxes Other Financing Sources Fund Balance Applied General City Government Public Safety Public Works Health & Human Services Library Parks and Recreation Taxes (other than property taxes) Special Assessments Intergovernmental Revenues Licenses and Permits Fines, Forfeits and Penalties RESIDENTS & TAXPAYERS please take notice the City of Oconomowoc Common Council has scheduled a Public Hearing on the proposed 2027 budget to be held in Council Chambers, 2nd floor of City Hall, 174 E Wisconsin Ave, Oconomowoc WI at 7:30pm on November 3, 2026. CITY OF OCONOMOWOC PROPOSED BUDGET SUMMARY GENERAL FUND SUMMARY BY CATEGORY The 2026 adopted & 2027 proposed General Fund budgets are as follows: REVENUES, OTHER FINANCING SOURCES & FUND BALANCE APPLIED: