Finance Committee

900 Quay Street City of Manitowoc Manitowoc, WI 54220 www.manitowoc.org Meeting Agenda Finance Committee Tuesday, October 29, 2024 5:30 PM Council Chambers / Virtual (Via Zoom) Pursuant to Section 19.84(2) and (3) of the Wisconsin Statutes, notice is hereby given to the public, to the Herald-Times-Reporter, the official newspaper of Manitowoc, and to those news media who have filed a written request for this notice that a meeting of the above-referenced will be held at the date, time and location listed above. Notice is hereby given that a majority of the Common Council of the City of Manitowoc, or a standing committee of that body, may be present at this meeting to gather information about the subject matter over which they have decision making responsibility. This meeting is being conducted both in Council Chambers at City Hall and via remote conferencing software (Zoom) to maximize opportunities for residents to attend. Members of the public may call in at 888 475 4499 US Toll-free, Meeting ID: 821 2146 0481 Passcode: 256629 Public input will be accepted at this meeting. The above governmental body will meet to discuss and possibly take action on the agenda items set forth below. 1. Call to Order 2. Roll Call 3. Public Comment 4. Consent Agenda These items will be approved by one motion unless any Committee Member wishes to remove an item for discussion. REMOVAL OF CONSENT AGENDA ITEMS: Any Committee Member may request removal of any item from the Consent Agenda, and such item shall be removed without debate or vote. Any item or part thereof removed from the Consent Agenda shall be separately considered. City of Manitowoc Page 1 Printed on 10/30/2024 Finance Committee Meeting Agenda October 29, 2024 24-1958 Minutes of the October 1, 2024 Finance Committee meeting, recommending approval and place on file Attachments: 10-1-2024 Finance Committee Minutes 5. Discussion and Action Items 24-1957 Discussion and possible action on City of Manitowoc's 2025 Budget Attachments: 2025 Mayor Proposed Budget 2024 Tax Levy for 2025 Budget - Mayor Proposal - Update State MFG Tax Rates by Property Value Downtown 2025 Proposed Budget Projects 2025 GF Unassigned Balance Illustration 2025 GF Unassigned Balance Budget vs. Actual Analysis Lowering Fund Balance and Increasing Tax Rate Analysis 6. Adjournment In accordance with the requirements of Title II of the Americans with Disabilities Act (ADA), the City of Manitowoc will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities. If you need assistance or reasonable accommodations in participating in this meeting or event due to a disability as defined under the ADA, please call the City Clerk's office at 920-686-6950 or the City’s ADA Coordinator at (920) 686-6990 or e-mail cityattorney@manitowoc.org at least 48 hours prior to the scheduled meeting or event to request an accommodation. For additional assistance, individuals with hearing or speech disabilities can call 711 and be connected to a telephone relay system. City of Manitowoc Page 2 Printed on 10/30/2024