Village reports positive financial outlook during 2024 audit briefing

Excitement is building in Cross Plains as the Village Board gears up for a significant milestone—a ribbon-cutting ceremony for a new building anticipated next year. This announcement was made during the Village Board meeting on May 12, 2025, where members reflected on the positive developments in the community.

In addition to the building news, the board discussed the upcoming Memorial Day chicken barbecue, introducing a pre-order system via QR codes to streamline the meal distribution process. This initiative aims to reduce wait times for residents eager to enjoy the annual event.

The meeting also featured a detailed presentation on the 2024 audit financial statements by Fred Hoffmeister from Johnson and Company. He highlighted that the village's financial health remains strong, with a general fund balance increase of approximately $425,000. Revenues exceeded budget expectations by nearly $350,000, while expenses were under budget by about $250,000. Hoffmeister emphasized the importance of conservative budgeting, particularly regarding interest income, which has seen unexpected gains due to high rates.

The audit report is expected to be unmodified, indicating that the financial statements comply with Generally Accepted Accounting Principles (GAAP). Notably, the village's unassigned fund balance is robust, covering nearly 40% of the 2025 budgeted expenses, well above the recommended levels.

Trustees also addressed the village's sewer rates, with recommendations for a review of the rate design, which has not been adjusted since 2018. The board is encouraged to ensure that any changes are thoroughly evaluated to maintain financial stability.

As the village prepares for these exciting developments, residents can look forward to a vibrant community event and continued fiscal responsibility from their local government.