Finance Committee Meeting

Finance Committee Meeting Whitewater Municipal Building City Manager's Conference Room, 312 West Whitewater St., Whitewater, WI 53190 *In Person and Virtual Tuesday, August 26, 2025 - 5:00 PM Citizens are welcome (and encouraged) to join our webinar via computer, smart phone, or telephone. Citizen participation is welcome during topic discussion periods. Please click the link below to join the webinar: https://us06web.zoom.us/j/83198282604?pwd=cDdLWjUvTTRqRUQ4UVcwQWcrcW1BUT09 Telephone: +1 (312) 626-6799 US (Chicago) (Houston) Webinar ID: 831 9828 2604 Passcode: 137945 Please note that although every effort will be made to provide for virtual participation, unforeseen technical difficulties may prevent this, in which case the meeting may still proceed as long as there is a quorum. Should you wish to make a comment in this situation, you are welcome to call this number: (262) 473-0108. AGENDA Amended as of August 25, 2025 at 10:15 a.m. to add: 1. Waiver of 72-Hour Transparency Ordinance and 2. Discussion with Whitewater Arts Alliance and possible direction regarding future partnership opportunities with the City of Whitewater. CALL TO ORDER The meeting was called to order at 5:01 p.m. by Brian Schanen. Request for authorization to waive the 72-hour notice required by the City of Whitewater Transparency Ordinance to amend the Agenda to 1. Add item number 2 Discussion with Whitewater Arts Alliance and possible direction regarding future partnership opportunities with the City of Whitewater. Motion to waive the 72-hour notice made by Patrick Singer, Seconded by Mike Smith. Voting Yes: Patrick Singer, Mike Smith and Brian Schanen Voting No: None. ROLL CALL Present: Patrick Singer, Mike Smith and Brian Schanen. Absent: None. Additional Attendees: Rachelle Blitch, Director of Finance; Mason Becker, Economic Development Director Finance Committee Meeting Minutes August 26, 2025 Page 2 CONSENT AGENDA Items on the Consent Agenda will be approved together unless any committee member requests that an item be removed for individual consideration. 1. July 22, 2025 Finance Committee Meeting Minutes Motion made to approve the consent agenda by Patrick Singer, Seconded by Mike Smith. Voting Yes: Patrick Singer, Mike Smith and Brian Schanen Voting No: None. HEARING OF CITIZEN COMMENTS No formal Committee action will be taken during this meeting although issues raised may become a part of a future agenda. Participants are allotted a three minute speaking period. Specific items listed on the agenda may not be discussed at this time; however, citizens are invited to speak to those specific issues at the time the Committee discusses that particular item. To make a comment during this period, or during any agenda item: On a computer or handheld device, locate the controls on your computer to raise your hand. You may need to move your mouse to see these controls. On a traditional telephone, dial *6 to unmute your phone and dial *9 to raise your hand. CONSIDERATIONS / DISCUSSIONS / REPORTS 2. Review of Sample Tax Increment Financing (TIF) Analyses Presentation from Ehler's Inc. on sample Tax Increment Financing analyses conducted in other Wisconsin communities. 3. Discussion with Whitewater Arts Alliance and possible direction regarding future partnership opportunities with the City of Whitewater 4. July 2025 Financials 5. Discussion and possible action to recommend an amendment to the Procurement Policy Motion made to approve and recommend the amendment to the Procurement Policy to Common Council made by Patrick Singer, Seconded by Mike Smith. Voting Yes: Patrick Singer, Mike Smith and Brian Schanen Voting No: None. 6. Discussion and possible action to schedule special budget meetings for the Finance Committee FUTURE AGENDA ITEMS 7. Discussion and updated financial status of the City's health insurance fund ADJOURNMENT Motion to adjourn was made by Patrick Singer, Seconded by Mike Smith. Voting Yes: Patrick Singer, Mike Smith and Brian Schanen Voting No: None. The meeting adjourned at 6:31 p.m. Finance Committee Meeting Minutes August 26, 2025 Page 3 A quorum of the Common Council may be present. This notice is given to inform the public that no formal action will be taken at this meeting. Anyone requiring special arrangements is asked to call the Office of the City Manager / City Clerk (262-473-0102) at least 72 hours prior to the meeting.