Finance, Taxes and Insurance

1 VILLAGE OF WATERFORD FINANCE COMMITTEE Monday October 4, 2021 5:00 pm Village Hall, 123 N River Street *or attend via teleconference at https://www.gotomeet.me/VillageofWaterford Or call in at: 1-872-240-3212, access code: 562-426-325 1. Call to Order 2. Roll Call 3. Comments and Correspondence 4. Public Appearances 5. Reading and Approval of Min: 09.13.21 New Business 1. Review of Sections of the 2022 Draft Budget; Consider a motion to recommend approval to the Village Board as a part of the 2022 Budget Adoption Process. 2. Consider a motion to convene into Executive Session pursuant to Wisconsin State Statutes, Section 19.85(1)(c) to discuss personnel and employee benefits and, 19.85(e) Deliberating or negotiating the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session. 3. Consider a motion to reconvene into open session. 4. Consider a motion for action related to items deliberated in closed session. Adjournment Public Notice Questions regarding the nature of the agenda items or more detail on the agenda items listed above scheduled to be considered by the governmental body listed above can be directed to Zeke Jackson, Village Administrator at 262-806-1750 or at zjackson@waterfordwi.org. It is possible that members of and possibly a quorum of members of other governmental bodies of the municipality may be in attendance at the above-stated meeting to gather information; no action will be taken by any governmental body at the above-stated meeting other than the governmental body specifically referred to above in this notice. Upon reasonable notice, a good faith effort will be made to accommodate the needs of disabled individuals through sign language interpreters or other auxiliary aid at no cost to the individual to participate in public meetings. Due to the difficulty in finding interpreters, requests should be made as far in advance as possible preferably a minimum of 48 hours. For additional information or to request this service, contact the Village Staff at 262-534-1851, or by writing to the Village Administrator at the Village Administration Building, 123 N. River St, Waterford WI, 53185 Copies of reports and other supporting documentation are available for review at the Village Administrator’s Office, Administration Building, 123 N. River St, Waterford WI 53185 during operating hours. (8 a.m. – 5 p.m. weekdays). Posted: 10/1/2021; 11:30 AM  2 1 Village of Waterford 2 Finance Committee Meeting Minutes 3 September 13th, 2021 4 Held via Teleconference and at Village Hall 5 6 Chair Jaskie called the meeting to order at 5:05 pm. 7 Present: Don Houston, Troy McReynolds, Adam Jaskie, Brian Lauer 8 Excused: Andrew Ewert 9 10 Also present: Michelle Vandehey, Colleen Schauer, Heather Kinkade, Danielle Brown, Rick Huening, 11 Chief Rick Mueller, Mike Sponholtz 12 13 Minutes: McReynolds motioned to approve the 7-12-2021 minutes. Second by Lauer. Motion carried. 14 15 1- Financials: Administrator Jackson presented the financial status of the Village as a whole and reviewed 16 YTD Financials, no questions arose. 17 18 2- Draft Budget: Discussion was had on the 2022 Draft Budget: Special Funds, Special Fund Detail, 19 Pavement Management Plan, Debt Service (with subordinate amortization schedules), Curb Appeal, 20 Conservation and Development, Hotel Room Tax, Flex Plan, Riverside Docks. 21 Supervisor Huening and Chief Mueller addressed the committee regarding their departments budget and 22 debt service. 23 Treasurer Vandehey gave the board an overview of the proposed 2022 budget. 24 Motion by Lauer to recommend approval to the Village Board for the discussed sections of the 2022 25 Budget as part of the 2022 Budget Adoption Process, excluding Debt Service. Second by 2). All aye. 26 Motion carried. 27 28 3 – 2020 Audit: Treasurer Vandehey presented the 2020 Audited Financial Statements with supporting 29 discussion. 30 31 Motion by Lauer to adjourn at 5:42 pm. Second by McReynolds. All aye. Motion carried. 32 33 Respectfully submitted by 34 Colleen Schauer, PIO Village of Waterford | 123 North River Street | Waterford WI 53185 | 262.534.3980  3 VILLAGE OF WATERFORD TREASURER’S REPORT For additional information, visit www.waterfordwi.org October 4, 2021 Treasurer’s Report 2022 Proposed Budget Sheets: Fund 100 Parks Fund 275 Park Impact Fees Fund 100 Public Works Fund 225 Recycling Fund 600 Water / Water Capital Fund 610 Sewer / Sewer Capital Water & Sewer Sum All Page DPW/Parks Wage Sheet Fund 205 Special Funds / Capital and Special Funds Capital Detail Fund 300 Debt Service Debt Master Schedule and corresponding amortization schedules Future meetings: Wednesday October 6, 2021 Monday, October 11, 2021 Wednesday, October 13, 2021 Village of Waterford | 123 North River Street | Waterford WI 53185 | 262.534.3980  4 VILLAGE OF WATERFORD TREASURER’S REPORT For additional information, visit www.waterfordwi.org Humbly Submitted, Michelle Vandehey Village Treasurer Village of Waterford | 123 North River Street | Waterford WI 53185 | 262.534.3980 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62