Finance Committee Meeting

CITY OF MINERAL POINT 137 HIGH STREET, SUITE 1 MINERAL POINT, WI 53565 608-987-2361 MINUTES CITY OF MINERAL POINT FINANCE COMMITTEE MEETING Monday, April 13, 2026, 4:00 PM City Hall Community Room Call to Order, Roll Call, and Confirmation of Compliance with the Open Meetings Law. Chair Burrows called the meeting to order at 4:00 pm. Clerk Skelding confirmed compliance with the open meetings laws. Keith Burrows, Chair Present Mike Christensen Present Chris Goodney Present Others Present: Administrator Matt Honer, Clerk-Treasurer Christy Skelding, Deputy Clerk-Treasurer Renee Rolli APPROVAL OF MARCH 9, 2026 MINUTES Motion (Goodney/Christensen) to approve the March 9, 2026, minutes. Motion carried, all voting aye (3-0). CONSIDERATION OF THE OFFER TO PURCHASE FOR THE SALE OF TAX PARCEL 251-0871.A ON COMMERCE STREET TO RON AND DONNA HUGHES. The Property Committee received a request one year ago to sell this parcel. The buyers negotiated the price to buy from the City for $7,000. The Property Committee believes the City has no use for this parcel. Committee members agree that there is no good use for this parcel, and agree to sell. Motion (Burrows/Christensen) to recommend Council approval of the Offer to Purchase for the sale of tax parcel 251-0871.A on Commerce Street to Ron and Donna Hughes. Motion carried, all voting aye (3-0). REVIEW MONTHLY TREASURER’S AND BUDGET REPORTS AND MONTHLY BILLS. Rolli walked through the treasurer’s report as well as the budget report. All expenses are tracking as expected. The check report is higher than usual due to the capital borrowing that was done for TID #2. Administrator Honer would like to close the Summer Recreation checking account at budget time. This money will still be tracked, but will go into Pooled Cash. Motion (Christensen/Goodney) to approve the treasurer’s and budget reports and recommend council pay the bills. Motion carried, all voting aye (3-0). DISCUSSION OF OTHER FINANCE MATTERS Honer discussed the TID #2 financials. This year, the City is anticipating a balance of approximately $810,000. OFFICE OF THE CITY CLERK-TREASURER Mayor – Danny Clark City Administrator | Matthew Honer | administrator@cityofmineralpointwi.gov City Clerk-Treasurer | Christy Skelding | cityclerk@cityofmineralpointwi.gov  CITY OF MINERAL POINT 137 HIGH STREET, SUITE 1 MINERAL POINT, WI 53565 608-987-2361 Honer would like to put the TID revenues in a separate own account at LGIP to earn interest on the borrowing, then potentially use the earned interest toward helping finance the proposed Tennis/Pickleball Court and Soldiers Memorial parking lot project. Committee members agree with this plan. The Joint Review Board has their annual meeting on April 22, 2026. ADJOURN Motion (Christensen/Goodney) to adjourn at 4:22 pm. Motion carried, all voting aye (3-0). OFFICE OF THE CITY CLERK-TREASURER Mayor – Danny Clark City Administrator | Matthew Honer | administrator@cityofmineralpointwi.gov City Clerk-Treasurer | Christy Skelding | cityclerk@cityofmineralpointwi.gov