Finance Committee Meeting 06 15 2026 — Agenda

Office of Clerk/Treasurer W240 N3065 Pewaukee Road Pewaukee WI 53072 Phone: 262-691-0770 FINANCE COMMITTEE MEETING NOTICE AND AGENDA Monday, June 15, 2026 1:00 PM Pewaukee City Hall Common Council Chambers W240N3065 Pewaukee Road, Pewaukee, WI 1. Call to Order and Pledge of Allegiance 2. Financial Review and Reporting Updates 2.1 Trial Balance and Financial Results Review a. Review current trial balance status and significant changes since prior review i. Identify any areas of concern b. Review fund balance activity and key year-end adjustments i. Discuss any transfers needed to support ongoing fund operations c. Review status of key balance sheet reconciliations i. Bank reconciliations ii. Utility receivable and billing reconciliations iii. Capital asset activity and additions iv. Interfund balances and due to/from accounts v. Other significant asset and liability reconciliations vi. Identify any outstanding items requiring follow-up 2.2 Baker Tilly 2025 Audit Update a. Review status of audit planning and preliminary fieldwork completed during May b. Discuss audit readiness assessment and outstanding items c. Review additional audit requests and Suralink activity d. Confirm expectations for June fieldwork and final trial balance completion 2.3 Audit Timeline Review a. Review progress against the engagement timeline and key milestones b. Confirm the anticipated final trail balance date c. Identify any potential timing concerns or resource constraints 2.4 Department of Revenue (DOR) Annual Report - Form C a. Confirm submission status b. Discuss any issues identified during preparation or submission c. Identify any follow-up items, if applicable 2.5 Public Service Commission (PSC) Report a. Confirm filing status b. Discuss any follow-up matters or responses 2.6 2026 Financial Results - First Quarter Update a. Review Budget-to-Actual results through March 31, 2026 i. Identify any significant variances or emerging trends ii. Discuss any anticipated impacts on the 2026 Budget 2.7 Management and Lauterbach & Amen (L&A) Coordination and Oversight a. Discuss current coordination, communication, and workflow effectiveness between City staff and L&A b. Review status of year-end close activities and reconciliations c. Highlight successes and areas working well d. Identify opportunities to improve processes, communication, and clarity of responsibilities e. Discuss opportunities to strengthen alignment, support City staff, and enhance overall effectiveness f. Identify practical next steps and expectations for continued improvement 2.8 Upcoming Audit Fieldwork Preparation a. Review expectations for the week of June 22 fieldwork b. Confirm availability of supporting schedules and workpapers c. Review audit readiness status (Green / Yellow / Red assessment) d. Identify any potential obstacles to successful fieldwork completion e. Establish expectations for communication and follow-up prior to fieldwork 2.9 Establish Tentative Time for Next Finance Committee Meeting 3. Adjournment Kelly Tarczewski Clerk/Treasurer June 12, 2026 NOTICE It is possible that members of other governmental bodies of the municipality may be in attendance to gather information that may form a quorum. At the above stated meeting, no action will be taken by any governmental body other than the governmental body specifically referred to above in this notice. Any person who has a qualifying disability under the Americans with Disabilities Act that requires the meeting or materials at the meeting to be in an accessible format must contact the Clerk/Treasurer, Kelly Tarczewski, at (262) 691-0770 three business days prior to the meeting so that arrangements may be made to accommodate your request.