Finance Committee - Inactive

Village of Weston, Wisconsin ATTENTION – NOTICE OF PUBLIC MEETING Meeting of: FINANCE COMMITTEE (FC) FC Members: Bender, Ermeling {c}, Meinel {vc}, Oldenberg, & Simmons Date/Time: Monday, June 21, 2021 @ 4:30 P.M. Location: Weston Municipal Center (5500 Schofield Ave) – Board Room Agenda: The agenda packet will be emailed out 3 days prior to the meeting and posted on the Village website at www.westonwi.gov. Attendance: All Village officials are encouraged to attend. Trustees, committee members, and Department Directors, please indicate if you will, or will not, be attending so we may determine in advance if there will be a quorum. Questions: Jessica Trautman jtrautman@westonwi.gov 715-359-6114 This notice was posted at the Municipal Center and was e-mailed to local media outlets (Print, TV, and Radio) on 6/15/21 @ 3:00 p.m. A quorum of members from other Village governmental bodies (boards, commissions, and committees) may attend the above noticed meeting to gather information. No actions to be taken by any other board, commission, or committee of the Village, aside from the Finance Committee. Should a quorum of other government bodies be present, this would constitute a meeting pursuant to State ex rel. Badke v. Greendale Village Bd., 173 Wis.2d 553,494 N.W.2d 408 (1993). Wisconsin State Statutes require all agendas for Committee, Commission, or Board meetings be posted in final form, 24 hours prior to the meeting. Any posted agenda is subject to change up until 24 hours prior to the date and time of the meeting. Any person who has a qualifying disability as defined by the Americans with Disabilities Act requires that meeting or material to be in accessible location or format must contact the Weston Municipal Center, by 12 noon the Friday prior to the meeting so any necessary arrangements can be made to accommodate each request.  VILLAGE OF WESTON, MARATHON COUNTY, WISCONSIN OFFICIAL MEETING AGENDA OF THE FINANCE COMMITTEE The Committee will hold a meeting on the date, time and location listed. TO THE HONORABLE TRUSTEE ERMELING AND FOUR (4) APPOINTED MEMBERS OF THE FINANCE COMMITTEE: The following items were listed on the agenda in the Village Clerk’s Office, in accordance with Chapter 2 of the Village’s Municipal Code and will be ready for your consideration at the meeting of the Finance Committee on Monday, June 21, 2021 at 4:30 p.m., in the Board Room, at the Weston Municipal Center. A quorum of members from other Village governmental bodies (boards, commissions, and committees) may/might attend the above-noticed meeting to gather information. If a quorum of other government bodies is present, this would constitute a meeting pursuant to State ex rel. Badke v. Greendale Village Bd., 173 Wis.2d 553,494 N.W.2d 408 (1993). No official actions other than those of the Finance Committee shall take place. Wisconsin State Statutes require all agendas for Committee, Commission, or Board meetings be posted in final form, 24 hours prior to the meeting. Any posted agenda is subject to change up until 24 hours prior to the date and time of the meeting. All items listed on this agenda may be acted upon by the Finance Committee. AGENDA ITEMS. 1. Call to Order & Welcome by Chairperson Ermeling. 2. Roll Call by Recording Secretary. − Bender, Ermeling {c}, Meinel {vc}, Oldenberg, and Simmons 3. Approval of minutes from previous meeting: May 17, 2021 4. Public Comments. Join Zoom Meeting by Computer: https://zoom.us/j/5445915099 Join Zoom Meeting by Phone: +1 312 626 6799 US (Chicago) Meeting ID: 544 591 5099 ACKNOWLEDGE WORK PRODUCT TRANSMITTALS. (Work products identified in this section are for education and information purposes. Items listed in this section should be moved as “Acknowledge receipt of presentation/report and place in file”.) 5. May Budget Status Report EDUCATIONAL PRESENTATIONS & REPORTS. (Work products identified in this section ask the government body a policy questions. Items listed in this section should be moved as “Approve/Not approve . . .”) 6. Government Accounting 101 Finance Committee Meeting – Agenda 6/21/21 Prepared by: Finance Department POLICY ISSUES – DISCUSSIONS/RECOMMENDATIONS. (Work products identified in this section ask the government body a policy questions. Items listed in this section should be moved as “Approve/Not approve . . .”) None. RESOLUTIONS/ORDINANCES. (Work products identified in this section require action by the governmental body.) None. FUTURE ITEMS 7. Next meeting date(s): − Mon, Jul 19, 2021 @ 4:30 p.m. Regular Meeting 8. Topics for future meetings − Budget 9. Remarks from Staff 10. Remarks from Committee Members 11. Announcements ADJOURNMENT OF FINANCE COMMITTEE Finance Committee Meeting – Agenda 6/21/21 Prepared by: Finance Department  Village of Weston, Wisconsin OFFICIAL PROCEEDINGS OF THE FINANCE COMMITTEE held on Monday, May 17, 2021 at 4:30 p.m., in the Board Room at the Municipal Center. AGENDA ITEMS. 1. Finance Committee Call to Order & Welcome by Chairperson Ermeling. Meeting called to order at 4:30 p.m. by Finance Committee Chairperson Ermeling. 2. Roll Call by Recording Secretary. Roll call of Finance Committee indicated 5 members present Member Present Bender, Robert YES Ermeling, Barb YES Meinel, Steve YES Oldenberg, Mark YES Simmons, Ryan YES 3. Approval of minutes from previous meeting: April 19, 2021 Motion by Simmons, second by Bender, to approve previous meeting minutes from April 19, 2021. Yes Vote: 5 No Votes: 0 Abstain: 0 Not Voting: 0 Result: PASS Member Voting Bender, Robert YES Ermeling, Barb YES Meinel, Steve YES Oldenberg, Mark YES Simmons, Ryan YES 4. Public Comments. None. ACKNOWLEDGE WORK PRODUCT TRANSMITTALS. 5. April Budget Status Report Motion by Meinel, second by Simmons, to acknowledge the April Budget Status Report. Yes Vote: 5 No Votes: 0 Abstain: 0 Not Voting: 0 Result: PASS Member Voting Bender, Robert YES Ermeling, Barb YES Meinel, Steve YES Oldenberg, Mark YES Simmons, Ryan YES Jenna Trittin updated @ 6/15/2021 9:19 AM Page 1 Mtg_ FC_210517_Minutes P:\GOVERN\COMMITTEES\Finance\2021\210517\Mtg_FIN_210517_Minutes.docx  6. Draft 2020 Fund Financial Statements Trautman let the committee know the financial statements have been forwarded to the auditor and the MD&A is all that is remaining for the Village. Trautman gave some highlights of the 2020 Draft Fund Financial Statements. Meinel asked what is owed of the TIF debt yet. Trautman responded that as of December 31, 2021, TIF 1 owes $14.6 million TIF 2 owes $565,000. Motion by Bender, second by Meinel, to acknowledge the Draft 2020 Fund Financial Statements. Yes Vote: 5 No Votes: 0 Abstain: 0 Not Voting: 0 Result: PASS Member Voting Bender, Robert YES Ermeling, Barb YES Meinel, Steve YES Oldenberg, Mark YES Simmons, Ryan YES EDUCATIONAL PRESENTATIONS & REPORTS. None. POLICY ISSUES – DISCUSSIONS/RECOMMENDATIONS. 7. Discussion and Possible Recommendation Regarding Special Assessment Method for Ryan St/Apache Ln Utility Looping Project Donner gave an overview of the project and stated the main purpose is for system redundancy. Donner stated inquiries are periodically received after current private systems have failed. Donner added that the goal is to get the price close to the cost to replace a private system. Donner stated this is a single option and is up for discussion. The goal is mandatory connection after the 10th year, with the clock not starting until the project is complete. There still need to be public hearings yet on this project. Bender stated he feels the presented option is reasonable. Meinel asked why we would change the prior method used for special assessments where the amount would be assessed now, and each person would have 10 years to pay versus allowing deferral. Donner stated there have been more concerns over hardship from special assessments, so the goal was to ease the financial burden for impacted properties and incentivize connection. There was discussion on the amount of the assessment and the assessment method. The total estimated assessment is around $22,000 and the assessments are being done by lot. Motion by Bender, second by Meinel, to recommend the special assessment method as outlined. Yes Vote: 5 No Votes: 0 Abstain: 0 Not Voting: 0 Result: PASS Member Voting Jenna Trittin updated @ 6/15/2021 9:19 AM Page 2 Mtg_ FC_210517_Minutes P:\GOVERN\COMMITTEES\Finance\2021\210517\Mtg_FIN_210517_Minutes.docx  Bender, Robert YES Ermeling, Barb YES Meinel, Steve YES Oldenberg, Mark YES Simmons, Ryan YES 8. Discussion on American Rescue Plan Act Funds Trautman informed the committee that we are actually getting more funds than anticipated and have been classified as a metropolitan city which means we must apply for the funds and report to the federal government quarterly. There was discussion on what funds can be used for. The guidance is generally broad, so we are waiting on additional guidance and to see what other areas are doing. White asked if the funds will impact expenditure restraint; Trautman stated the WI DOR sent out guidelines stating that if the funds are recorded and expended within a special revenue fund there is no impact to the Expenditure Restraint Program. 9. Discussion and Possible Recommendation on TIF Grant Philosophy Trautman stated generally pay-go’s were done for TIF grants in the past. For pay-go’s the business gets a grant once the project generates the increment to cover the grant request. A developer agreement is put in place and grants may be given for each year based on the increment generated. With the excess funds that the TIF districts have the Village could consider giving grants without limitations based on the increment generated by the project. Trautman added that if the Village does not desire to give grants out, closing the districts should be considered because the Village cannot just hold onto the funds. Meinel stated he was not comfortable with how the last few TIF projects were done because he did not feel the value was there for how much was granted. Meinel also expressed concerns about the application of the but-for test when giving out grants. Meinel stated he would like to see TIF funds used to redevelop and cleanup sites. Donner stated there are some projects being looked at that would fit those criteria. Ermeling stated the original intent of TIF 2 was to make it more attractive for development. Ermeling stated she would like to see grants given to improve that area. There was also discussion on properties being combined to make them more marketable. Donner stated that this discussion rolls into the discussion on the Schofield Avenue Plan and the potential TID 2 amendment. Trautman stated there needs to be a discussion on giving grants with the expectation of payback versus giving grants without the expectation of payback in an effort to improve the area. There was discussion on the tax impact on taxpayers outside the TIF who are picking up the cost of the services for taxpayers within the TIF. There was discussion on Village initiated improvements. There was also discussion on slowly closing the TIF districts versus all at once. Ermeling stated she would still like to see improvements done to TID 2 rather than closing right away. Meinel stated he would like to see a sunset on the TIF where if no plans are in place by that date then the TIF would be closed. Meinel stated ideally, we would set the sunset date and let businesses within TIF 2 know that funds are available to request for improvements until that date. Meinel stated he would like to see Village participation in the improvement process. Higgins added that previously the Village was not given direction to work on things like that. Donner clarified that the goal is to clarify the grant stipulations and the but-for test with professional Jenna Trittin updated @ 6/15/2021 9:19 AM Page 3 Mtg_ FC_210517_Minutes P:\GOVERN\COMMITTEES\Finance\2021\210517\Mtg_FIN_210517_Minutes.docx  help from Ehlers and Mark Roffers. Donner also confirmed that the committee is encouraging contact with developers with ideas for improvements. The committee agreed. No action was taken. RESOLUTIONS/ORDINANCES. None. FUTURE ITEMS. 10. Next meeting date(s): − Mon, Jun 21, 2021 @ 4:30 p.m. Regular Meeting 11. Topics for future meetings. Government Accounting 101 State requirements Levy limits Budget State requirements and reports 12. Remarks from staff. Donner stated there is going to be a coordination meeting with Miron Construction on the municipal building construction next week. Donner added Miron is hoping to start construction in July. 13. Remarks from Committee Members. None. 14. Announcements. None. ADJOURNMENT OF FINANCE COMMITTEE Motion by Meinel, second by Bender, to adjourn the Finance Committee meeting at 5:45 p.m. Yes Vote: 5 No Votes: 0 Abstain: 0 Not Voting: 0 Result: PASS Member Voting Bender, Robert YES Ermeling, Barb YES Meinel, Steve YES Oldenberg, Mark YES Simmons, Ryan YES Next meeting is scheduled for Monday, June 21. Jenna Trittin, Recording Secretary Jenna Trittin updated @ 6/15/2021 9:19 AM Page 4 Mtg_ FC_210517_Minutes P:\GOVERN\COMMITTEES\Finance\2021\210517\Mtg_FIN_210517_Minutes.docx  REQUEST FOR CONSIDERATION Public Mtg/Date: Finance Committee, June 21, 2021 Description: May 2021 Budget Status Report – All Funds From: Jessica Trautman, Finance Director Question: Should the Finance Committee acknowledge the May 2021 budget status report for all funds? Background The May 2021 budget status report for all funds is attached. Attached Docs: May 2021 Budget Status Narrative May 2021 Budget Status Report – All Funds Committee Action: None. FISCAL IMPACT: None. Recommendation: Finance Director recommends acknowledgement. Recommended Language for Official Action I move to acknowledge the May 2021 budget status report for all funds. Additional action: None. VILLAGE OF WESTON 5500 SCHOFIELD AVENUE, WESTON, WI 54476 TO: Village Board and Finance Committee FROM: Finance Department SUBJECT: May 2021 Budget Status Narrative DATE: June 15, 2021 May 2021 Budget Status Reports: A few things to point out (41.7% of the year complete!): • General Fund Revenues to date: 73.2% collected for 2021, compared to 72.7% collected for 2020. o 2021 Revenues = $5,820,550; 2020 Revenues = $5,688,408 o Other State Aids: $24,000 lower than 2020 due to the reallocation of personal property tax aids to the TIF districts. o Fines/Forfeitures/Penalties: $13,000 lower than 2020 due to less court fine revenue. The court fine revenues appear to be increasing as of May though. o Street & highway revenue: At 502% of budget due to sales of materials to contractors. o Interest income: Interest is trending lower due to lower interest rates compared to 2020; the 2021 budget was lowered to account for this. It is looking like we should at least meet the budgeted amount with interest at 57% of budget. o Sales of village property: At 2700% of budget due to selling nine of the Village’s Badger Books to other governments in 2021. • General Fund Expenditures to date: 41.1% is expended for 2021, compared to 46.5% in 2020. o 2021 Expenditures = $3,267,368; 2020 Expenditures = $3,638,607 o Wages/Salaries: Reflected through 5/16. o Attorney: At 65% of budget and reflects services through early May. o Safety Building Maintenance: At 253% of budget due a water heater replacement. We are planning to increase the budget for this expense in the 2022 budget. o Overall, most categories are trending close to or lower than the percent of the year completed. • Special Revenue/Capital Project Funds: o Capital Project Funds: Funds borrowed for capital projects continue to be spent. o Aquatic Center Fund: Pool revenue is looking good so far at 26% of budget. Pool revenues through May in 2019 were 28% of budget so 2021 revenues are pretty close to pre-pandemic revenue for the pre-season. Some of the pool pass revenue is for joint passes, which gets settled at the end of the season with Rothschild where each entity gets 50%. o TIF #1: ATC reimbursed the Village $2.3 million for the utility poles previously purchased for the Camp Phillips Centre development. o Room Tax Fund: Q1 revenues are at 86.7% of what was projected for Q1 in the 2021 budget. That is not including the Baymont Q1 payment that was not received until June. • Water Utility Fund: Water Rev & Exp – Cur Year vs. Prior Year Increase May-21 May-20 % Change (Decrease) Revenues $ 1,047,499 $ 922,430 $ 125,069 13.6% Expenses $ 974,372 $ 884,458 $ 89,914 10.2% Net Income $ 73,127 $ 37,972 $ 35,155 92.6% o Revenues: At 40.9% of budget vs. 36.8% in 2020. Most of the revenues are tracking similarly to last year. Industrial revenues are reflecting an increase over 2020; however, there were billing issues in 2020 that were not resolved until July, so the increase is not as significant as it appears. o Expenses: At 37.7% of budget compared to 36.0% of budget in 2020. Operations & maintenance expenses are higher than 2020 due to the Alta Verde and Bloedel well rehab projects. Interest expense increased due to the new 2020A revenue bonds. • Sewer Utility Fund: Sewer Rev & Exp – Cur Year vs. Prior Year Increase May-21 May-20 % Change (Decrease) Revenues $ 991,216 $ 999,224 $ (8,008) -0.8% Expenses $ 808,449 $ 636,157 $ 172,292 27.1% Net Income $ 182,767 $ 363,067 $ (180,300) -49.7% o Revenues: At 39.0% of budget vs. 40.6% in 2020. Public authority revenues decreased slightly in 2021 and interest income decreased as expected but the decreases are mostly offset by the increase in commercial and industrial revenue. o Expenses: At 30.4% of budget vs. 25.4% in 2020. The majority of the difference is due to timing differences in bill payments and because Rothschild has not been billed for the portion they used yet. 2021 includes Rib Mountain Sewer Dist. bills through April; 2020 only included bills through February. The operations and administration categories are running higher than 2020 as well. Most categories are looking good compared to percent of budget completed. • Stormwater Utility Fund: Stormwater Rev & Exp – Cur Year vs. Prior Year Increase May-21 May-20 % Change (Decrease) Revenues $ 256,142 $ 258,232 $ (2,090) -0.8% Expenses $ 256,835 $ 232,548 $ 24,287 10.4% Net Income $ (693) $ 25,684 $ (26,377) -102.7% o Revenues: At 38.7% of budget vs. 39.7% in 2020 and are close to percent of year completed. o Expenses: At 39.6% of budget vs. 38.5% in 2020. Street sweeping and drainage maintenance increased over 2020 due to the timing of supply and maintenance expenses. Program management and interest expense also increased. The increase in program management is related to the Stormwater Quality Management Plan study that is ongoing. Interest expense increased due to the 2020B G.O. Bond interest payment.  FINANCIAL STATEMENTS May 31, 2021 • GENERAL FUND • Balance Sheet • Operating Budget Status Report • Statement of Revenues • Statement of Expenditures • Contingency Reserve Balance • DEBT SERVICE FUND • Operating Budget Status Report - Debt Service Fund • SPECIAL REVENUE FUNDS • Weston Aquatic Center Fund • Room Taxes Fund • Recycling Program Fund • TIF District #1 Fund • TIF District #2 Fund • Community Development Authority – TIF #1 Fund • Community Development Authority – TIF #2 Fund • Civic & Social Trust Funds • Park & Recreation Trust Funds • ENTERPRISE FUNDS • Water Utility Fund • Sewer Utility Fund • Stormwater Utility Fund • CAPITAL PROJECTS FUNDS – Capital Improvements Program • TIF District #1 Fund • Facilities Fund • Streets & Utilities Fund • Capital Equipment Fund  VILLAGE OF WESTON BALANCE SHEET MAY 31, 2021 GENERAL FUND ASSETS 10-00-11110-001-000 XPRESS DEPOSIT ACCOUNT 432.00 10-00-11312-011-000 INVEST-INTERCITY-MONEY MKT #60 1,909,748.43 10-00-11312-082-000 INTERCITY-MUNICIPAL COURT FINE 126,177.82 10-00-11313-095-000 INVEST-TAX ACCT- INCREDIBLE 535,001.79 10-00-11314-091-021 INVEST- TAX ACCT-BMO HARRIS BK 266,473.21 10-00-11315-092-000 INVEST-TAX ACCT- ASSOCIATED 305,141.56 10-00-11316-084-000 INVEST-BROKAW CU-CD/REPO/OTHER 255,438.17 10-00-11316-093-000 INVEST-TAX ACCT- BROKAW CU 653,210.02 10-00-11318-097-000 INVEST-TAX ACCT - US BANK 159,080.05 10-00-11322-088-000 INVEST-TAX ACCT- PEOPLES 1,113,493.18 10-00-11323-084-000 INVEST-CLOVERBELT CU-CD/REPO/O 268,003.81 10-00-11323-099-000 INVEST-TAX ACCT-CLOVERBELT CU 549,831.27 10-00-11325-089-000 INVEST-TAX ACCT-COVANTAGE CU 1,304,003.95 10-00-11326-086-000 INVEST-TAX ACCT- ABBY BANK 244,432.59 10-00-11327-083-000 NICOLET BANK-MONEY MARKET 1,184.20 10-00-11327-084-000 INVEST-NICOLET BANK-CD/OTHER 272,956.28 10-00-11328-083-000 WISC-MONEY MARKET 186,899.59 10-00-11328-084-000 INVEST-WISC-CD/OTHER 248,700.00 10-00-11329-084-000 MORGAN STANLEY-CD/OTHER 911.83 10-00-11512-009-000 INTERCITY-SUNSHINE/SODA FUND 3,869.48 10-00-11512-017-000 RESTRICT INV- FLEX CHKING #116 5,319.61 10-00-11800-000-000 PETTY CASH-GENERAL FUND 300.00 10-00-11800-082-000 PETTY CASH-MUNICIPAL COURT FIN 200.00 10-00-12110-000-000 R/E PROP TAXES RECEIVABLE-CURR 1,524,879.87 10-00-12320-000-000 P/P PROP TAXES RECEIVABLE-DELI 9,056.87 10-00-13100-000-000 BILLED ACCTS RECEIVABLE-CUSTOM 7,912.00 10-00-13150-000-000 ACCTS RECEIVABLE-MUNICIPAL COU 340,159.47 10-00-13300-000-000 INTEREST RECEIVABLE 1,477.05 10-00-13611-000-000 UNBILLED ACCTS RECEIV-BILLABLE ( 971.00) 10-00-13800-000-000 OTHER RECEIVABLES-MISCELLANEOU 49.68 10-00-13801-000-000 OTHER RECEIVABLES-MOBILE HOME 16,713.55 10-00-13802-000-000 OTHER RECEIVABLES-FROM EMPLOYE 27.49 10-00-14410-000-000 DUE FROM TOWN OF WESTON 1,725.58 10-00-14510-000-000 DUE FROM EVEREST METRO POLICE 38,288.70 10-00-14520-000-000 DUE FROM SAFER DISTRICT 210,469.28 10-00-14530-000-000 DUE FROM MUNICIPAL COURT 27.80 10-00-15660-000-000 DUE FROM ENTERPRISE-WATER UTIL 465,433.86 10-00-15661-000-000 DUE FROM ENTERPRISE-SEWER UTIL 15,154.14 10-00-16110-000-000 INVENTORY-MATERIALS & SUPPLIES 7,461.99 10-00-17500-000-000 HEALTH CARE COOP DEPOSIT 65,332.98 TOTAL ASSETS 11,114,008.15 LIABILITIES AND EQUITY  VILLAGE OF WESTON BALANCE SHEET MAY 31, 2021 GENERAL FUND LIABILITIES 10-00-21000-000-000 ACCOUNTS PAYABLE-CLEARING ACCO 59.22 10-00-21111-000-000 VOUCHERS PAYABLE 9,577.98 10-00-21120-000-000 OCCUPANCY PERMITS 63,000.00 10-00-21530-000-000 EMPLOYEE HEALTH INS W/H PAYABL ( 39,895.17) 10-00-21531-000-000 ETF LIFE INS WITHHOLDING PAYAB ( 14.78) 10-00-21532-000-000 EYE CARE DEDUCTION PAYABLE 17.23 10-00-21537-000-000 ACCID/LIFE/ST DISABILITY LIAB ( 164.35) 10-00-21540-000-000 WORKERS COMP PAYABLE ( 4,758.42) 10-00-21561-000-000 AFLAC DEDUCTION PAYABLE 1,950.10 10-00-21562-000-000 FLEX UNREIMB MED DEDUCT PAYAB 7,577.59 10-00-21566-000-000 PREPAID LEGAL SERVICES .05 10-00-21590-000-000 EAP PAYABLE 125.45 10-00-23160-000-000 SECURITY DEPOSITS-PARK RENTALS 725.00 10-00-24213-000-000 DUE TO STATE OF WIS/SALES TAXE 78.96 10-00-24310-000-000 DUE TO MARATHON COUNTY/CURRENT 1,353,268.38 10-00-24425-000-000 DUE TO OTHER GOVTS-COURT FINES 3,054.20 10-00-24510-000-000 DUE TO NORTHCENTRAL TECH/CURR 379,780.14 10-00-24610-000-000 DUE TO DC EVEREST SCHOOLS/CURR 2,917,380.30 10-00-26603-000-000 DEFERRED REV-MUNIC COURT FINES 310,621.34 TOTAL LIABILITIES 5,002,383.22 FUND EQUITY 10-00-34120-000-000 NONSPEND FUND BAL-INVENTORIES 4,622.95 10-00-34121-000-000 RESERVED FUND BAL-PREPAID ITEM 104,252.14 10-00-34130-000-000 NONSPEND FUND BAL-ADVANC/OTHER 520,880.93 10-00-34202-000-000 ASSIGN FUND BAL-ST LIGHT/BIRCH 85,850.00 10-00-34270-000-000 ASSIGNED FUND BAL-APL BDGT S 60,000.00 10-00-34300-000-000 UNASSIGNED FUND BALANCE 2,782,836.88 UNAPPROPRIATED FUND BALANCE: REVENUE OVER EXPENDITURES - YTD 2,553,182.03 BALANCE - CURRENT DATE 2,553,182.03 TOTAL FUND EQUITY 6,111,624.93 TOTAL LIABILITIES AND EQUITY 11,114,008.15  VILLAGE OF WESTON OPERATING BUDGET STATUS REPORT - General Fund only May 31, 2021 *** 58.3% of Year Remaining *** May 2020 REMAINING PERCENT PERCENT APPROPRIATION AREA BUDGET ACTUAL BALANCE LEFT BUDGET ACTUAL LEFT GENERAL FUND: General Government $1,166,445 $479,682 $686,763 58.9% $1,169,711 $516,862 55.8% Public Safety 3,940,490 1,960,406 1,980,084 50.2% 4,087,340 2,324,198 43.1% Public Works 2,093,789 587,262 1,506,527 72.0% 1,946,279 590,921 69.6% Human Services 15,000 9,733 5,267 35.1% 11,517 5,412 53.0% Culture & Recreation 415,647 142,817 272,830 65.6% 340,151 113,818 66.5% Community Development 233,324 82,817 150,507 64.5% 214,259 80,021 62.7% Misc. Programs 6,055 2,987 3,068 50.7% 20,000 5,711 71.4% Transfer to Other Funds 32,724 1,664 31,060 94.9% 32,758 1,664 94.9% Contingency Reserve 46,062 - 46,062 100.0% - - N/A TOTAL APPROPRIATION $7,949,536 $3,267,368 $4,682,168 58.9% $7,822,015 $3,638,607 53.5% REVENUES Property Taxes $4,977,300 $4,977,300 $ - 0.0% $4,837,344 $4,837,343 0.0% Other Taxes 626,140 238,005 388,135 62.0% 629,140 238,152 62.1% State Shared Revenues 1,060,400 - 1,060,400 100.0% 1,060,400 - 100.0% Other Grants & Aids 634,701 269,327 365,374 57.6% 643,426 293,809 54.3% Interest Income 24,000 13,765 10,235 42.6% 55,000 35,247 35.9% Munic. Services-Town/All Other 81,150 59,541 21,609 26.6% 77,150 61,051 20.9% Applied Fund Balance/Reserve 60,000 - 60,000 100.0% - - N/A All Other Revenue 485,845 262,612 223,233 45.9% 519,555 222,805 57.1% TOTAL RESOURCES $7,949,536 $5,820,550 $2,128,986 26.8% $7,822,015 $5,688,408 27.3% FUND BALANCE ANALYSIS Prelim Fund Balance, 1/1/21 3,558,443 Revenues Over (Under) Expenditures 2,553,182 Less: Applied Fund Balance - Fund Balance, 5/31/2021 6,111,625 FINANCE 6/14/2021  VILLAGE OF WESTON STATEMENT OF REVENUES May 31, 2021 (41.7% Y-T-D completed) REMAINING Y-T-D Y-T-D ADJUSTED BALANCE BUDGET ACCOUNT DESCRIPTION ACTUAL % REV. BUDGET (SURPLUS) % LEFT GENERAL FUND Property Taxes 4,977,300 100% 4,977,300 - 0% Pmt. In Lieu of Taxes-Water Utility 195,665 41% 480,000 284,335 59% Pmt. In Lieu of Taxes-Rothschild - 0% 94,000 94,000 100% Mobile Home Fees 34,677 69% 50,000 15,323 31% Other Taxes 7,663 358% 2,140 (5,523) -258% Special Assessments 2,480 45% 5,500 3,020 55% State Shared Revenues - 0% 1,060,400 1,060,400 100% Transportation Aids 241,352 50% 483,338 241,986 50% Other State & Federal Aids 27,975 18% 151,363 123,388 82% License Revenue 89,546 40% 224,895 135,349 60% Permits Revenue 71,766 61% 117,800 46,034 39% Fines/Forfeitures/Penalties 33,988 36% 93,700 59,712 64% Ambulance Fees - 0% 150 150 100% Street & Highway Revenue 12,047 502% 2,400 (9,647) -402% Misc. Other Fees 918 35% 2,600 1,682 65% Econ Dev Pub Fees - 0% 50 50 100% Park Rental Fees/Park Maint. Fees 2,538 43% 5,850 3,312 57% Munic. Services-General Gov't 4,033 128% 3,150 (883) -28% Munic. Services-Public Safety 14,583 42% 35,000 20,417 58% Munic. Services-Public Works 34,165 98% 35,000 835 2% Munic. Services-Inspections 6,760 85% 8,000 1,240 15% Interest Income 13,765 57% 24,000 10,235 43% Sales of Village Property 13,500 2700% 500 (13,000) -2600% Insurance Recoveries 10,533 N/A - (10,533) N/A Contributions - All Other 250 N/A - (250) N/A Miscellaneous Revenue 25,046 77% 32,400 7,354 23% Fund Balance - Applied Budget Surplus - 0% 60,000 60,000 TOTAL $5,820,550 73.2% $7,949,536 $2,128,986 26.8%  VILLAGE OF WESTON STATEMENT OF EXPENDITURES May 31, 2021 (41.7% Y-T-D completed) Y-T-D Y-T-D ADJUSTED REMAINING BUDGET ACCOUNT DESCRIPTION ACTUAL % EXP. BUDGET BALANCE % LEFT GENERAL FUND Village Board Trustees 13,065 26% 49,505 36,440 74% Village Municipality Dues 2,726 45% 6,000 3,274 55% Personnel Committee - 0% 1,567 1,567 100% Board of Review 64 16% 400 336 84% Municipal Court 28,536 50% 57,072 28,536 50% Village Attorney 22,680 65% 35,000 12,320 35% Administrator 22,860 31% 72,762 49,902 69% Clerk 110,347 34% 323,797 213,450 66% Personnel 2,243 23% 9,750 7,507 77% Elections 14,475 41% 35,398 20,923 59% Data Processing/Central Services 62,833 43% 146,580 83,747 57% Information Technology 28,662 43% 67,115 38,453 57% Finance/Audit & Budgeting/Tax Collection 64,806 35% 185,618 120,812 65% Village Assessor 18,425 51% 36,350 17,925 49% Finance Committee - 0% 1,572 1,572 100% Risk Management/Insurance 71,096 91% 78,499 7,403 9% Municipal Building/Misc. Gen'l Gov't. 16,763 29% 57,460 40,697 71% Illegal Taxes/Tax Refunds/Bad Debt 101 5% 2,000 1,899 95% Everest Metro Police Dept. 1,384,920 51% 2,738,789 1,353,869 49% Safety Building Maintenance 9,857 253% 3,900 (5,957) -153% Other Public Safety 508 19% 2,650 2,142 81% SAFER 488,332 50% 976,665 488,333 50% Building Inspections 76,789 35% 218,486 141,697 65% Director of Public Works 6,321 39% 16,039 9,718 61% Deputy Director of Public Works 10,651 37% 28,852 18,201 63% Street Operations - Village 224,164 19% 1,180,038 955,874 81% Traffic Control 8,490 23% 37,500 29,010 77% Winter Street Maintenance - Village 252,886 48% 521,977 269,091 52% Hard Materials Handling 6,832 14% 50,560 43,728 86% Street Irrigation Maintenance 5,507 16% 35,264 29,757 84% Street Operations - Town 4,235 79% 5,386 1,151 21% Winter Street Maintenance - Town 5,129 35% 14,614 9,485 65% Street Lighting 63,047 31% 203,000 139,953 69% Public Works/Utilities Committee - 0% 559 559 100% Human Services 9,733 65% 15,000 5,267 35% Parks-Administration 89,286 33% 271,165 181,879 67% Parks-Grounds Maintenance 27,797 27% 103,523 75,726 73% Roadside Maintenance 25,186 77% 32,652 7,466 23% Parks-Ice Rinks 486 7% 6,966 6,480 93% Park & Recreation Committee 62 5% 1,341 1,279 95% Community Development 80,194 38% 210,321 130,127 62% Planning Commission 1,003 14% 7,013 6,010 86% Board of Appeals - 0% 2,389 2,389 100% Extra Limits/Smart Growth/Land Use 1,620 12% 13,601 11,981 88% Newsletter 2,987 49% 6,055 3,068 51% Interfund Transfers - Refuse/Recycling - 0% 31,060 31,060 100% Interfund Transfers - Debt Service 1,664 100% 1,664 - 0% Contingency Reserve - 0% 46,062 46,062 100% TOTAL - General Fund $3,267,368 41.1% $7,949,536 $4,682,168 58.9%  VILLAGE OF WESTON Contingency Reserve - General Fund 5/31/2021 Salaries/ Misc. Wages Exps. TOTAL Original Budget $20,200 $25,862 $46,062  VILLAGE OF WESTON Debt Service Fund 5/31/2021 2021 2021 YTD ANNUAL ACTUAL BUDGET Fund Balance, January 1 $ 267,025 REVENUES Property Tax Levy $ 1,468,000 $ 1,468,000 Special Assessments 12,258 13,064 Interest Income 1,267 500 Transfer from General Fund 1,664 1,664 Transfer from Recycling Fund 56,103 56,103 Transfer from TIF #1 Fund 105,954 109,332 Transfer from CDA Fund - TIF #1 189,836 1,539,673 Transfer from CDA Fund - TIF #2 16,356 157,713 Transfer from Capital Equipment Fund 74,966 74,965 Transfer from Water 4,767 4,768 Transfer from Sewer 4,767 4,768 Transfer from Stormwater 1,664 1,664 TOTAL REVENUES $1,937,602 $3,432,214 EXPENDITURES Principal Payments $ 1,431,499 $2,698,912 Interest Payments 331,928 749,046 TOTAL EXPENDITURES $1,763,427 $3,447,958 NET REVENUES OVER (UNDER) EXPENDITURES $174,175 ($15,744) Fund Balance, 5/31/2021 $441,200 FINANCE 6/14/2021  VILLAGE OF WESTON Weston Aquatic Center Fund 5/31/2021 (***41.7% Year Completed ***) 2021 2020 YTD 2021 YTD 2020 ACTUAL BUDGET ACTUAL BUDGET Balance, January 1 $ 76,288 $ 76,288 REVENUES Taxes $ 40,000 $ 40,000 $ 40,000 $ 40,000 Daily Fees - 89,000 - 89,000 Season Passes 9,942 21,700 - 21,700 Pool Rentals-Evening 355 3,100 237 3,100 Birthday Party Packs - 1,250 - 1,250 Group Rate Discounts-Daily 19 2,000 - 2,000 Concessions - 6,050 - 6,050 Locker Rentals - 120 - 120 Special Events - 1,000 - 1,000 Swimming Lessons 2,299 2,900 256 2,900 Total Swimming Fees 12,615 127,120 493 127,120 Interest Income 37 65 202 65 Insurance Recoveries 1,722 - - - Miscellaneous 187 1,200 17 1,200 Transfer from other funds - 40,000 - 40,000 TOTAL REVENUES $ 54,561 $ 208,385 $ 40,712 $ 208,385 26.18% 19.54% EXPENSES Wages/Fringe Benefits $ - 20 $ - 121,707 Utilities 2,455 37,100 1,708 38,750 Contracted Services/Repairs 11,244 149,620 18,096 37,600 Supplies & Materials 3,007 21,575 1,385 21,575 Capital Outlay-Equipment 1,938 2,400 - - Capital Outlay-Computer Software 3,435 2,400 2,200 2,400 TOTAL EXPENSES $ 22,079 $ 213,115 $ 23,389 $ 222,032 10.36% 10.53% NET INCOME (LOSS) $ 32,482 $ (4,730) $ 17,323 $ (13,647) Balance, 5/31/2021 $ 108,770 $ 93,611 FINANCE  VILLAGE OF WESTON Room Taxes Fund 5/31/2021 2021 YTD 2021 Annual Actual Budget Fund Balance, 1/1/21 $ 106,969 Revenues Room Taxes Revenue $ 74,678 $ 311,569 74,678 311,569 Expenditures Payment to Wausau Visitor's Convention Bureau $ - $ 217,408 Legal Services 2,128 - Other Economic Development (Wayfinding signs) 69,906 37,659 Transfer to Capital Improvement Fund - 53,471 Transfer to Aquatic Center Fund (Repairs/Capital Equipment) - 40,000 72,034 348,538 Revenues over (under) Expenditures 2,644 (36,969) Fund Balance, 5/31/2021 $ 109,613 HOTEL-MOTEL ROOM TAX COLLECTIONS: 2021 Distribution of Collections 2021 8% Room Room Tax Tourism Village of Receipts Collections Activities Weston Baymont $ - $ - $ - $ - AmericInn & Suites 160,763 12,861 9,003 3,858 Air BNB 13,138 1,051 736 315 Homeaway.com 4,625 370 259 111 Expedia 53,025 4,242 2,969 1,273 Fairfield Inn 260,925 20,874 14,612 6,262 Holiday Inn Express 441,000 35,280 24,696 10,584 TOTALS $ 933,476 $ 74,678 $ 52,275 $ 22,403 ** No payments have been made to the CVB since Q1 2020. Waiting on contract resolution. FINANCE 6/14/2021  VILLAGE OF WESTON Refuse/Recycling Program Fund 5/31/2021 Total 2021 2021 Annual Refuse Recycling Landfill Actual Budget Fund Balance, 1/1/21 $ (5,034) $ 72,404 $ - $ 67,370 Revenues Recycling Grant $ - $ 79,452 $ - $ 79,452 $ 78,650 Garbage Fees/Sticker sales - Village 414,765 - - 414,765 414,300 Recycling Collection Fees - Village - 363,402 - 363,402 362,840 Garbage Fees - Town 21,716 - - 21,716 21,540 Recycling Collection Fees/Bin Sales - Town - 19,032 - 19,032 18,876 Landfill - Town - - 3,000 3,000 3,000 Miscellaneous 21 18 - 39 240 Transfer from General Fund - - - - 31,060 Total Revenues $ 436,502 $ 461,904 $ 3,000 $ 901,406 $ 930,506 Expenditures Garbage $ 151,546 $ - $ - $ 151,546 $ 458,500 Landfill - - 4,734 4,734 34,060 Recycling - Curbside/Village - 58,940 - 58,940 265,447 Recycling/Compost/StumpDump - 6,042 - 6,042 50,840 Recycling - Curbside/Town - 113 - 113 - Recycling - Program Administration - 4,599 - 4,599 36,784 Recycling - Educational Programs - 7,160 - 7,160 15,200 Transfers to Debt Service (Capital Leases) - 31,035 - 31,035 56,105 Total Expenditures $ 151,546 $ 107,889 $ 4,734 $ 264,169 $ 916,936 Revenues over(under) Expenditures $ 284,956 $ 354,015 $ (1,734) $ 637,237 Fund Balance, 5/31/2021 $ 279,922 $ 426,419 (1,734) $ 704,607 Finance 6/14/2021 Note: The budget column was pulling 2020 data on the previously distributed reports. I apologize for the error. It is now corrected to reflect the 2021 data.  VILLAGE OF WESTON Special Revenue Funds - TIF #1 5/31/2021 2021 2021 Annual Actual Budget Fund Balance, 1/1/21 $ 3,782,654 REVENUES Property Tax Increments $ 5,911,973 $ 5,820,000 Computer Exemption State Aids - 30,190 Personal Property Tax Aid 177,506 50,614 Investment Income 3,924 1,000 Misc Rev - ATC Utility Pole Reimb 2,308,953 - 8,402,356 5,901,804 EXPENDITURES Administration Expenses $ 83,975 $ 300,746 Rents/Leases-TIF Land 189,836 1,539,673 LOC Repayments to Developers - 500,000 Transfer to Debt Service Fund 105,954 109,332 Transfer to Cap Proj-TIF #1 - 955,355 379,765 3,405,106 NET REVENUES OVER (UNDER) EXPENDITURES 8,022,591 2,496,698 Fund Balance, 5/31/2021 $ 11,805,245 $ 2,496,698 FINANCE 6/14/2021  VILLAGE OF WESTON Special Revenue Funds - TIF #2 5/31/2021 2021 2021 Annual Actual Budget Fund Balance, 1/1/21 $ 162,014 REVENUES Property Tax Increments $ 566,459 $ 557,000 Computer Exemption State Aids - 11,944 Personal Property Tax Aid 20,396 - Investment Income 204 1,000 587,059 569,944 EXPENDITURES Administration Expenses $ 20,297 $ 106,044 Rents/Leases-TIF Land 16,356 157,713 Transfer to CDA - TIF #2 - 2,504 36,653 266,261 NET REVENUES OVER (UNDER) EXPENDITURES 550,406 303,683 Fund Balance, 5/31/2021 $ 712,420 $ 303,683 FINANCE 6/14/2021  VILLAGE OF WESTON Special Revenue Funds - CDA TIF #1 5/31/2021 2021 2021 Annual Actual Budget Fund Balance, 1/1/21 $ 1,718,297 REVENUES Investment Income $ 9,728 $ 25,000 Market Adj (8,477) - Rents/Leases-TIF Land 189,836 1,539,673 191,087 1,564,673 EXPENDITURES Administration Expenses $ 255 $ 4,979 Fiscal Charges - 612 Transfer to TIF Spec Revenue - 19,409 Transfer to Debt Service Fund 189,836 1,539,673 190,091 1,564,673 NET REVENUES OVER (UNDER) EXPENDITURES 996 - Fund Balance, 5/31/2021 $ 1,719,293 $ - FINANCE 6/14/2021  VILLAGE OF WESTON Special Revenue Funds - CDA TIF #2 5/31/2021 2021 2021 Annual Actual Budget Fund Balance, 1/1/21 $ 257,041 REVENUES Investment Income $ 5 $ 180 Rents/Leases-TIF Land 16,356 157,713 Transfer from TIF 2 - 2,504 16,361 160,397 EXPENDITURES Administration Expenses $ 170 $ 2,159 Fiscal Charges - 525 Transfer to Debt Service Fund 16,356 157,713 16,526 160,397 NET REVENUES OVER (UNDER) EXPENDITURES (165) - Fund Balance, 5/31/2021 $ 256,876 $ - FINANCE 6/14/2021  VILLAGE OF WESTON Civic and Social - Special Revenue Funds 5/31/2021 Weston Total Centennial Farmers 2021 2021 (Scholarships) Market Actual Budget Fund Balance, 1/1/21 $ 5,808 $ 12,618 $ 18,426 REVENUES Farmers Market License - 5,290 5,290 6,000 Interest on Investments - 9 9 24 Contributions-Farmer's Market - - - - Miscellaneous - 1,574 1,574 4,100 - 6,873 6,873 10,124 EXPENDITURES Farmers Market - 1,962 1,962 14,906 - 1,962 1,962 14,906 NET REVENUES OVER (UNDER) EXPENDITURES - 4,912 4,912 (4,782) Fund Balance, 5/31/2021 $ 5,808 $ 17,530 $ 23,338 VILLAGE OF WESTON Park & Recreation - Special Revenue Funds 5/31/2021 Parkland Kennedy E.C. Trail/ Dog Total Dedication Park/Rec. Park Fun Run/Walk Park 2021 2021 Fees Donations Memorial Donations Donations Actual Budget Fund Balance, 1/1/21 $ 25,762 $ 11,138 $ 2,011 $ 1,059 $ 227 $ 40,197 REVENUES Parkland Dedication Fees - - - - - - Donations - Park - - - - - - - Donations - Dog Park - - - - - - 150 Interest on Investments - 20 - - 20 300 - 20 - - - 20 450 EXPENDITURES Dog Park Maintenance Expenses - - - - - 500 - - - - - - 500 NET REVENUES OVER (UNDER) EXPS. - 20 - - - 20 (50) Fund Balance, 5/31/2021 $ 25,762 $ 11,158 $ 2,011 $ 1,059 $ 227 $ 40,217 FINANCE 6/14/2021  VILLAGE OF WESTON Enterprise Fund - Water Utility 5/31/2021 (*** 41.7% Year Completed ***) 2021 2020 YTD ANNUAL % YTD ANNUAL % ACTUAL BUDGET completed ACTUAL BUDGET completed REVENUES Metered/Unmetered Sales: Residential $ 385,516 $ 1,040,000 37.07% $ 372,179 $ 1,000,000 37.22% Commercial 107,145 275,000 38.96% 113,841 260,000 43.78% Industrial 218,513 420,000 52.03% 57,911 390,000 14.85% Public Authority 12,844 50,000 25.69% 14,158 65,000 21.78% Multi-Family 85,518 190,000 45.01% 80,968 190,000 42.61% Other 2,794 2,000 139.72% 2,947 2,000 147.36% Private Fire Protection 17,076 46,000 37.12% 17,095 46,000 37.16% Public Fire Protection 194,639 468,000 41.59% 194,685 467,210 41.67% Subtotal Sales 1,024,045 $ 2,491,000 41.11% 853,784 $ 2,420,210 35.28% Interest Income 19,426 36,000 53.96% 48,566 50,000 97.13% Interest Market Adj - - N/A 17,109 - N/A Misc. Other Revenue 4,028 34,500 11.67% 2,971 34,500 8.61% SUBTOTAL REVENUES 1,047,499 2,561,500 40.89% 922,430 2,504,710 36.83% Capital Contributions - - N/A - - N/A TOTAL REVENUES $ 1,047,499 $ 2,561,500 40.89% $ 922,430 $ 2,504,710 36.83% EXPENSES Operations & Maintenance $ 269,825 $ 763,912 35.32% $ 220,919 $ 734,583 30.07% Administration 161,812 603,941 26.79% 159,100 579,510 27.45% Payment in Lieu of Taxes 191,665 460,000 41.67% 193,750 465,000 41.67% Depreciation 250,000 600,000 41.67% 250,000 600,000 41.67% Interest/Fiscal Agent Exps. 96,303 151,847 63.42% 55,922 72,375 77.27% 969,605 2,579,700 37.59% 879,691 2,451,468 35.88% Interfund Transfers Out 4,767 4,770 99.94% 4,767 6,431 74.13% TOTAL EXPENSES $ 974,372 $ 2,584,470 37.70% $ 884,458 $ 2,457,899 35.98% NET INCOME $ 73,127 $ (22,970) $ 37,972 $ 46,811 (per GAAP/GASB basis) Less: Add'l Capital Contribs. - - - - NET INCOME $ 73,127 $ (22,970) $ 37,972 $ 46,811 (per budget basis) FINANCE 6/15/2021  VILLAGE OF WESTON Enterprise Fund - Sewer Utility 5/31/2021 (*** 41.7% Year Completed ***) 2021 2020 YTD ANNUAL % YTD ANNUAL % ACTUAL BUDGET completed ACTUAL BUDGET completed REVENUES Metered/Unmetered Sales: Residential $ 508,643 $ 1,500,000 33.91% $ 506,033 $ 1,440,000 35.14% Commercial 331,318 720,000 46.02% 300,581 700,000 42.94% Industrial 92,649 183,000 50.63% 76,729 175,000 43.85% Public Authority 22,329 60,500 36.91% 26,949 62,000 43.47% Other - - N/A - 150 0.00% Subtotal Sales $ 954,939 $ 2,463,500 38.76% $ 910,292 $ 2,377,150 38.29% Hook-up Fees 12,140 20,000 60.70% 7,605 25,000 30.42% Interest Income 22,389 42,600 52.56% 78,169 50,600 154.48% Misc. Other Revenue 1,748 8,900 19.64% 3,158 8,900 35.49% SUBTOTAL REVENUES 991,216 2,535,000 39.10% 999,224 2,461,650 40.59% Capital Contributions - 2,000 0.00% - 2,000 0.00% TOTAL REVENUES $ 991,216 $ 2,537,000 39.07% $ 999,224 $ 2,463,650 40.56% EXPENSES Operations & Maintenance $ 98,934 $ 531,842 18.60% $ 76,013 $ 509,297 14.93% Administration 121,288 366,654 33.08% 101,398 328,253 30.89% Payment in Lieu of Taxes 4,000 9,600 41.67% 4,000 9,600 41.67% Rib Mt. Sewer Dist.-Services 231,881 860,802 26.94% 111,788 773,200 14.46% Rib Mt. Sewer Dist.-Debt Serv. 29,428 120,000 24.52% 17,803 106,274 16.75% Depreciation 282,085 712,000 39.62% 282,085 712,000 39.62% Interest/Fiscal Agent Exps. 36,066 35,394 101.90% 38,303 35,060 109.25% Amortization Expense - 22,010 0.00% - 22,010 0.00% SUBTOTAL EXPENSES 803,682 2,658,302 30.23% 631,390 2,495,694 25.30% Interfund Transfers Out 4,767 4,768 99.98% 4,767 6,431 74.13% TOTAL EXPENSES $ 808,449 $ 2,663,070 30.36% $ 636,157 $ 2,502,125 25.42% NET INCOME $ 182,767 $ (126,070) $ 363,067 $ (38,475) (per GAAP/GASB basis) Less: Add'l Capital Contribs. - (2,000) - (2,000) NET INCOME $ 182,767 $ (128,070) $ 363,067 $ (40,475) (per budget basis) FINANCE 6/14/2021  VILLAGE OF WESTON Enterprise Fund - Stormwater Utility 5/31/2021 (*** 41.7% Year Completed ***) 2021 % 2020 % YTD ANNUAL of year YTD ANNUAL of year ACTUAL BUDGET completed ACTUAL BUDGET completed REVENUES Metered/Unmetered Sales: Residential $ 85,663 $ 223,000 38.41% $ 85,008 $ 220,000 38.64% Commercial 122,810 309,700 39.65% 121,008 308,000 39.29% Industrial 24,824 75,600 32.84% 24,824 69,000 35.98% Public Authority 17,066 38,500 44.33% 17,066 38,200 44.68% Tax-Exempt Properties 3,536 7,900 44.76% 3,536 7,900 44.76% Other - 1,000 0.00% 336 1,000 33.60% Subtotal Sales $ 253,899 $ 655,700 38.72% $ 251,778 $ 644,100 39.09% Drainage Fees 1,300 2,100 61.90% 1,200 1,000 120.00% Interest Income 943 5,000 18.86% 3,196 5,000 63.92% Misc. Other Revenue - - N/A 2,058 - N/A SUBTOTAL REVENUES 256,142 662,800 38.65% 258,232 650,100 39.72% Capital Contributions - - N/A - - N/A TOTAL REVENUES $ 256,142 $ 662,800 38.65% $ 258,232 $ 650,100 39.72% EXPENSES Program Management $ 18,767 $ 59,090 31.76% $ 13,301 $ 24,918 53.38% DPW - Drainage Maintenance 37,312 133,510 27.95% 30,436 139,592 21.80% DPW - Sweeping 17,190 30,052 57.20% 10,567 20,120 52.52% Depreciation 154,165 370,000 41.67% 154,165 370,000 41.67% Interest/Fiscal Agent Exps. 27,737 52,782 52.55% 22,415 46,808 47.89% Interfund Transfers Out - General Fund 1,664 3,328 50.00% 1,664 3,328 50.00% TOTAL EXPENSES $ 256,835 $ 648,762 39.59% $ 232,548 $ 604,766 38.45% NET INCOME (LOSS) $ (693) $ 14,038 $ 25,684 $ 45,334 (per GAAP/GASB basis) Less: Add'l Capital Contribs. - - - - NET INCOME (LOSS) $ (693) $ 14,038 $ 25,684 $ 45,334 (per budget basis) FINANCE 6/14/2021  VILLAGE OF WESTON OPERATING BUDGET STATUS REPORT - TIF 1 CIP FUND 5/31/2021 *** 41.7% of Year Completed *** REMAINING PERCENT EXPENDITURES BUDGET ACTUAL BALANCE LEFT TIF 1 CIP FUND: Administration $0 $18,675 ($18,675) N/A Business Park 88,900 2,889 86,011 96.8% Barbican 800,000 - 800,000 100.0% Stone Ridge - West View Boulevard 200,000 - 200,000 100.0% Weston Avenue 100,000 14,379 85,621 85.6% TOTAL EXPENDITURES $1,188,900 $35,943 $1,152,957 97.0% REVENUES Land Sales $0 $282,200 ($282,200) N/A Transfer In - TIF #1 Special Revenue Fund 955,355 - 955,355 100.0% TOTAL RESOURCES $955,355 $282,200 $673,155 70.5% Revenues Over (Under) Expenditures $246,257 FUND BALANCE ANALYSIS Fund Balance, 1/1/21 - Revenues Over (Under) Expenditures 246,257 Fund Balance, 5/31/2021 246,257 FINANCE 6/14/2021  VILLAGE OF WESTON OPERATING BUDGET STATUS REPORT - FACILITIES CIP FUND 5/31/2021 *** 41.7% of Year Completed *** REMAINING PERCENT EXPENDITURES BUDGET ACTUAL BALANCE LEFT FACILITIES CIP FUND: Weston Public Safety Bldg $0 $321,235 ($321,235) N/A Aquatic Center 452,000 157,773 294,227 65.1% Municpal Center Bldg 13,884,439 203,978 13,680,461 98.5% Yellow Banks Park 175,000 - 175,000 100.0% Kennedy Park 64,000 - 64,000 100.0% TOTAL EXPENDITURES $14,575,439 $682,986 $13,892,453 95.3% REVENUES Proceeds from G.O. Bonds $15,142,363 $0 $15,142,363 100.0% TOTAL RESOURCES $15,142,363 $0 $15,142,363 100.0% Revenues Over (Under) Expenditures ($682,986) FUND BALANCE ANALYSIS Fund Balance, 1/1/21 72,638 Revenues Over (Under) Expenditures (682,986) Fund Balance, 5/31/2021 (610,348) FINANCE 6/14/2021  VILLAGE OF WESTON OPERATING BUDGET STATUS REPORT - STREETS CIP FUND 5/31/2021 *** 41.7% of Year Completed *** REMAINING PERCENT EXPENDITURES BUDGET ACTUAL BALANCE LEFT STREETS CIP FUND: Street Maintenance $140,000 $0 $140,000 100.0% Weston School Addition - 936 (936) N/A Ryan St River Crossing 468,475 - 468,475 100.0% Birch Street - 9,200 (9,200) N/A Crestwood Acres Reconstruct 1,238,089 - 1,238,089 100.0% TOTAL EXPENDITURES $1,846,564 $10,136 $1,836,428 99.5% REVENUES Interest Income $0 $2,046 ($2,046) N/A Proceeds from GO Bonds/Notes 1,846,564 - 1,846,564 100.0% TOTAL RESOURCES $1,846,564 $2,046 $1,844,518 99.9% Revenues Over (Under) Expenditures ($8,090) FUND BALANCE ANALYSIS Fund Balance, 1/1/21 1,817,650 Revenues Over (Under) Expenditures (8,090) Fund Balance, 5/31/2021 1,809,560 FINANCE 6/14/2021  VILLAGE OF WESTON OPERATING BUDGET STATUS REPORT - CAPITAL EQUIPMENT CIP FUND 5/31/2021 *** 41.7% of Year Completed *** REMAINING PERCENT EXPENDITURES BUDGET ACTUAL BALANCE LEFT CAPITAL EQUIPMENT CIP FUND: SAFER Capital Outlay $568,702 $579,838 -$11,136 -2.0% Highway Equipment 250,000 67,202 182,798 73.1% Transfers to Other Funds 74,965 100,034 (25,069) -33.4% TOTAL EXPENDITURES $893,667 $747,074 $146,593 16.4% REVENUES Property Taxes $93,326 $93,326 $0 0.0% State Shared Taxes-Expenditure Re 54,000 - 54,000 100.0% Equipment Rental Fees 100,000 - 100,000 100.0% Proceeds from GO Bonds/Notes 728,484 - 728,484 100.0% Transfers from Other Funds 53,471 - 53,471 100.0% TOTAL RESOURCES $1,029,281 $93,326 $935,955 90.9% Revenues Over (Under) Expenditures ($653,748) FUND BALANCE ANALYSIS Fund Balance, 1/1/21 2,122,622 Revenues Over (Under) Expenditures (653,748) Fund Balance, 5/31/2021 1,468,874 FINANCE 6/14/2021