November 3, 2025

1 TOWN OF PORT EDWARDS BUDGET PREP BOARD MEETING MINUTES Date: November 3, 2025 Call to Order: Chairman Randy Moody called the budget prep meeting to order at 5:01 p.m. in the Town Hall. The meeting began with the Pledge of Allegiance. Meeting Certification: This meeting has been properly posted (on the Town Hall door, and published on the Town’s website), to notify the public of date, place, time, and agenda. Attendance: Chairman Randy Moody, Supervisors Tim Schmidt and Trevor Jensen, Clerk Tracey Draper, and Treasurer Kathy Reese. Three members of the public were also in attendance. Agenda: Pledge of allegiance Discuss, prepare, and draft 2026 Town of Port Edwards budget Discuss and possibly draft and pass a Resolution to borrow money to pay for 2026 ambulance service and road projects Adjourn Schmidt motioned to approve the agenda, Jensen seconded, motion carried. Budget Preparation: Budget worksheets were reviewed. The Board reviewed the budget sheets where questions had been raised previously. Explanation and discussion of these budget items followed. Line items were discussed with adjustments in the budget. Discussion and Draft of a Resolution: Discussion followed regarding the need to obtain a loan for budgetary purposes. Jensen motioned to draft a Resolution to borrow $151,629.05 from the Nekoosa Port Edwards State Bank for the purpose of purchasing fire and ambulance services. Resolution #2025-01 to borrow money from the Nekoosa Port Edwards State Bank was drafted. The Board reviewed the Resolution. Schmidt motioned to approve Resolution #2025-01, Jensen seconded, motion carried. It was mentioned that due to the requirement of noticing a Public Hearing at least 15 days prior to the meeting, there will be no meeting on Monday, November 17, 2025 as previously intended, due to insufficient time for notice. Adjourn: Being there was no other business to conduct, Schmidt made a motion to adjourn the meeting at 5:59 p.m. and Jensen seconded. All were in favor and the motion carried. Respectfully submitted, Tracey Draper, Clerk