Finance, Taxes and Insurance

1 VILLAGE OF WATERFORD FINANCE COMMITTEE Monday, September 25, 2023 5:00 pm Village Hall, 123 N River Street 1. Call to Order 2. Roll Call 3. Comments and Correspondence 4. Public Appearances 5. Reading and Approval of Min: 9/11/23 Finance Committee Meeting New Business 1. Review of draft budget sections; consider an appropriate motion for action. 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: 9/22/23, 3:00 PM  2 1 Village of Waterford 2 Finance Committee Meeting Minutes 3 September 11, 2023 4 Village Hall, 123 N River St. 5 6 Chair Jaskie called the meeting to order at 5:00 pm. 7 Present: Chair Adam Jaskie, Don Houston, Troy McReynolds, Andy Ewert, Brian Lauer 8 9 Also present: Rachel Ladewig, Zeke Jackson, Michelle Vandehey, Tammy Pollnow, Rick Huening, Kevin 10 Mullen (via Teleconference) 11 12 Minutes: McReynolds motioned to approve the 8/14/23 Finance Committee Minutes, second by Ewert. 13 All aye. Motion carried. 14 15 New Business: 16 17 Kevin Mullen gave a brief overview of the Village of Waterford Hypothetical Financing Plans for both 15 18 years and 20 years, showing what amount of capital projects could potentially be financed. More review 19 was necessary so no motion was made at this time. 20 21 Jackson briefed the Committee on the TID sections. Ewert motioned to recommend approval of the 22 TID sections with an amendment to TID 3 to include an additional 35K for the Cannon Project. Second 23 by Lauer. All aye. Motion carried. 24 25 Motion by Houston to adjourn at 5:54 pm, second by Ewert. All aye. Motion carried. 26 27 Respectfully submitted by 28 Rachel Ladewig, Clerk 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 September 25, 2023 Treasurer’s Report Included in the packet: • 2024 Proposed Budget for Water, Water Capital, Sewer, Sewer Capital and Debt Service • 2024 Levy Limit Worksheet scenarios Humbly Submitted, Michelle Vandehey Village Treasurer Village of Waterford | 123 North River Street | Waterford WI 53185 | 262.534.3980 4 5 6 7 8 9 10 11 12 13 14 15 16