City Council discusses $9.5M geothermal HVAC funding within upcoming budget plans

The Dunn County Executive Committee meeting held on June 11, 2025, focused on the county's financial status and upcoming budget considerations. Key discussions included the current debt situation, budget allocations, and capital improvement projects for the upcoming year.

As of the end of 2024, Dunn County reported approximately $23.7 million in debt, maintaining a strong AA credit rating. This rating is crucial as it affects the interest rates for any future borrowing. The committee reviewed a detailed breakdown of existing debts, including their original amounts and remaining balances, highlighting the county's commitment to reducing its debt through annual payments.

The meeting also addressed the upcoming budget, emphasizing that wages constitute over 51% of the total budget. Potential changes to employee benefits and slight increases in the operating budget were noted as important factors to consider. Additionally, a significant highway construction project is projected to cost around $6.8 million, which will be included in the annual budget.

The general fund balance was reported at 53%, exceeding the ordinance requirement of maintaining a balance between 35% and 50%. This healthy fund balance provides a buffer for the county as it prepares for future expenditures.

Looking ahead, the committee discussed the Capital Improvement Plan (CIP) for 2026, which includes a recommendation to issue $9.5 million in debt for a geothermal HVAC system. Other projects were also reviewed, with adjustments made based on recent committee recommendations.

Overall, the meeting underscored Dunn County's proactive approach to managing its finances while planning for essential infrastructure improvements in the coming years. The committee will continue to refine budget proposals and project funding as they move forward.