Committee-of-the-Whole Budget Workshop Agenda - 5:30 PM

City of Oconomowoc Committee-Of-The-Whole Budget Workshop Tuesday, October 13, 2026 - 5:30 PM City Hall - Council Chambers 174 E. Wisconsin Ave. Oconomowoc, WI 53066 Notice: If a person with a disability requires that the meeting be accessible or that materials at the meeting be in accessible format, call the City Clerk at least 48 hours prior to the meeting to request adequate accommodations. Tel: (262) 569-2186. 1. Call to order and confirmation of appropriate meeting notification 2. Roll Call 3. Committee Business a. Budget Workshop: Consider/act on 2027 City of Oconomowoc Preliminary Budget 4. Adjourn Gina Kozlik, City Clerk City of Oconomowoc Notice is hereby given that a majority of the Common Council will be present at the above scheduled meeting to gather information about a subject over which they have decision-making responsibility. This constitutes a meeting of the Common Council pursuant to State ex rel. Badke v. Greendale Village Board, 173Wis. 2d 553, 494 N.W. 2d 408 (1993) and must be noticed as such, although the Common Council will not take any formal action at this meeting. 1 1 Y:\Budget\Budget 2027\Budget Workshops and Presentations\Budget Memo 09-15-2026.docx MEMORANDUM FINANCE DEPARTMENT Date: October 1, 2026 To: Mayor and Committee of the Whole From: Steve Hatton, Finance Director Re: 2027 Preliminary Operating Budget Workshop RELATES TO THE STRATEGIC PLAN Strategic Goal V. Enhance the Effectiveness of City Government E. Maintain/Improve the City’s Financial Sustainability BACKGROUND The City’s annual budget development has been underway since early May. Department Heads submitted their 2027 operating budget requests during May and June. Requests were then reviewed and adjusted by the Finance department, City Administrator, and Mayor to arrive at a balanced Preliminary budget. A high-level overview of the 2027 Preliminary Budget was presented at the September 15 Council meeting. Workpapers were distributed to Council for their review and questions in advance of tonight’s Budget Workshop. Be sure to bring your computer and your Budget Worksheets. ADDITIONAL ANALYSIS The Budget is the primary tool used to allocate available resources to the various local services provided to residents. FINANCIAL IMPACT 2026 2027 General Fund Budget Budget $ Chg % Chg REVENUES AND OTHER FINANCING SOURCES: Taxes (other than property taxes) $218,050 $228,050 $10,000 4.6% Special Assessments 12,000 12,000 $0 0.0% Intergovernmental Revenues 3,153,893 3,210,759 $56,866 1.8% Licenses and Permits 1,460,200 1,482,700 $22,500 1.5% Fines, Forfeits and Penalties 294,500 287,500 ($7,000) -2.4% Public Charges for Services 773,595 775,843 $2,248 0.3% Interfund Charges for Services 3,950 3,950 $0 0.0% Miscellaneous Revenues 772,285 816,889 $44,604 5.8% Total Revenues Excluding Property Taxes $6,688,473 $6,817,691 $129,218 1.9% General Property Taxes 12,496,181 13,011,059 $514,878 4.1% Other Financing Sources 1,806,000 1,877,795 $71,795 4.0% Fund Balance Applied 600,000 673,500 $73,500 12.3% TOTAL REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE APPLIED $21,590,654 $22,380,045 $789,391 3.7% 2 2 RECOMMENDATION The preliminary budget for Governmental Funds distributed on September 15 was balanced. Any proposed changes should come in the form of a motion to amend the current draft. Staff recommends for approval as amended during workshop for Council action on November 3, 2026. SUGGESTED MOTION Motion to recommend the 2027 City Operating Budget for action by the Common Council at their November 3 meeting. 2026 2027 General Fund Budget Budget $ Chg % Chg EXPENDITURES: General City Government 2,141,095 2,002,919 ($138,176) -6.5% Public Safety 10,124,919 11,468,459 $1,343,539 13.3% Public Works 3,357,979 3,449,901 $91,922 2.7% Health and Welfare 139,905 127,406 ($12,499) -8.9% Library 1,414,967 1,507,826 $92,859 6.6% Parks and Recreation 2,483,698 2,551,766 $68,068 2.7% Conservation and Development 560,094 598,269 $38,175 6.8% TOTAL EXPENDITURES 20,222,658 21,706,545 $1,483,887 7.3% Other Financing Uses 885,850 673,500 ($212,350) -24.0% Fire Reserves 482,146 - ($482,146) -100.0% TOTAL EXPENDITURES and Other Financing Uses 21,590,654 22,380,045 $789,391 3.7% 3