[{"_1":2,"_98":-5,"_99":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,74,86],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":56,"_73":56},"mediaId",6158476,"mediaKeyId","5458398-173e800f78fb98de0b641dfa1241208d","parentId",5458398,"title","Committee denies insurance claim on insurer's recommendation","audioSeconds",75,"startMs",1300000,"endMs",1375000,"viewUrl","/Search/View?dp=1&key=5458398-173e800f78fb98de0b641dfa1241208d&start=1300&end=1375","thumbnailUrl","https://assets.pipeline.soar.com/5458398-173e800f78fb98de0b641dfa1241208d/thumbnail_1300000.jpg","articleUrl","/articles/6158476/New-London/Waupaca-County/Wisconsin/Committee-denies-insurance-claim-on-insurers-recommendation","mediaUrl","https://secure.pipeline.soar.com/6158476-b559abb809238cb48fce62089a9584f6/orig.mp4?Expires=1775406904&Signature=LbSoQ7j6yZRbh7dMmiGYHnDXZc0-qhgabijhQmbLifaIrK3M~jAYddtB61fRu27fgFn0jtBCKQCzC3CwZbRiK9r4xs43qbhzag1GznARkdHJ8QmyE3oednTBepPHvAc-C0hZKUfBHgOBfuxUzyOYxIXlSbl3WLwDokEuNEBg~h~FbZ5mzBFyWwuq6SepWokaZnZ3Uq~zcjjONEO~iTA3o2LuCvxb-STe~Hfq5zoGRbPfj3U0w28DGGQnC4s-w6QvIUJExzM3qs41rsd~AM-igr01R6kPlsJ6ctQJXHLIM5AZdi2bKBuGVB1Dq4LZPg9c7Tfh6ewXcnpu2JHySYRWmQ__&Key-Pair-Id=KUT5TJCACFTXG","author","","date","2025-07-24T05:02:13.453Z","article","Finance Director Judy presented a recommendation from Cities and Villages Mutual Insurance Company asking that the committee deny a submitted claim. She said the insurer cited multiple reasons for denial and provided supporting rationale in its recommendation packet.
A motion to deny the claim was made on the floor, seconded by Tim, and the committee voted unanimously \"aye\" to deny the claim. No details about the claimant or the claim's merits were stated on the public record during the committee discussion; Judy said the insurer recommended denial and offered three separate bases for that recommendation.
The committee\u0000s action was limited to the denial recommendation; there was no further public debate recorded and no direction to staff to reopen or reexamine the claim in committee.
The committee's decision is recorded as denial following the insurer\u0000s recommendation; any further appeals or administrative steps, if available, were not discussed on the record at the meeting.","mediaType","Video","parentTitle","Jul 2, 2025 Finance and Personnel Committee Meeting","oneSentenceSummary","Following a recommendation from Cities and Villages Mutual Insurance Company, the Finance Personnel Committee voted to deny a claim; the insurer cited three separate reasons in its recommendation.","taxTitle","New London, Waupaca County, Wisconsin","taxId",72731,"location","headline","shortSummary",{"_33":75,"_35":36,"_37":38,"_39":76,"_41":77,"_43":78,"_45":79,"_47":80,"_49":81,"_51":82,"_53":83,"_55":56,"_57":58,"_59":84,"_61":62,"_63":64,"_65":85,"_67":68,"_69":70,"_71":68,"_72":56,"_73":56},6158481,"Committee approves State Trust Fund loans for DPW bucket truck and Oshkosh Street project",320,1390000,1710000,"/Search/View?dp=1&key=5458398-173e800f78fb98de0b641dfa1241208d&start=1390&end=1710","https://assets.pipeline.soar.com/5458398-173e800f78fb98de0b641dfa1241208d/thumbnail_1390000.jpg","/articles/6158481/New-London/Waupaca-County/Wisconsin/Committee-approves-State-Trust-Fund-loans-for-DPW-bucket-truck-and-Oshkosh-Street-project","https://secure.pipeline.soar.com/6158481-dd862cc83a41b0ab289a8cef0caccc90/orig.mp4?Expires=1775406904&Signature=EF4-a9cQVYWRZ94Lq6mzHdcDfFe~QSiBYb4A7lgSpT-Au9UFvixYfm1QA9vLxaCvNDn3ak~EIlgXX34xRjEkKMWyEVt-W~-l9xuYr81zLsMcItwHyzLe-gpU2gLeHS7mgY1ktLyUb~ZysB8M~9TAh8wSGRHtAYyv-RDvrlxjWYrcVVSMKXYmg8MQY~-nJA6nJgBzAPbRgxQs81S1WfyglKUyJZqHuRo5-0Frn2rL8k0ieo483urQrgAJUx4F~7nbrobBbUe72Ri8j20ARkaY-QabQNsP04DEmAqG6Wd~DyrAXDT2sAyOoBeXaX-ofCG0d7f~4b6o6QlZDzUD9b7Zjg__&Key-Pair-Id=KUT5TJCACFTXG","The Finance Personnel Committee voted to request two State Trust Fund loans to cover vehicle and street work costs, sending resolutions to the full council for final approval. Finance Director Judy presented the loan request paperwork and related resolutions and said the state reserves the funds once requested.
The first loan is for $214,000 to purchase a Department of Public Works bucket truck. The committee approved a three-year note and committee members noted the interest rate of about 5.5 percent. Judy said those payments are general fund obligations and will be included on the tax roll.
The second loan is for $386,000 for the Oshkosh Street project. The committee approved a 10-year note, and members referenced a roughly 6 percent interest rate for the longer-term loan. Judy said the Oshkosh loan will be paid from a TID (tax increment financing) district rather than the general tax roll; she explained that a portion of the project was paid by the sewer utility and the remaining eligible portion can be charged to the TID. Committee members and the auditor\u0000s representative said they had consulted with the city\u0000s financial advisor (Ehlers), who suggested the state trust fund loan option because projects below $1 million avoid the costs and fees associated with bond issuance.
Motions to borrow were made and seconded on the floor. The motion to borrow $214,000 for the DPW bucket truck was made by Tim and seconded by John; the motion passed with unanimous \"aye\" votes. The motion to borrow $386,000 for the Oshkosh Street project was made by Bob and seconded by Mike; that motion also passed with unanimous \"aye\" votes. Judy said once the committee forwards the resolutions, the state board meets and the funds are disbursed to the city.
The committee discussed term length options and the need to monitor TID performance; Judy said if the TID performs well in future years the city can consider early payoff. She also said staff had coordinated with auditors to confirm that charging the eligible portion to the TID was appropriate for this project.
The committee's decision replaces a planned bond issuance; Judy said the switch to the state trust fund loan avoids bond issuance fees for amounts below $1 million.","The Finance Personnel Committee approved requests to borrow $214,000 for a DPW bucket truck (3-year note, ~5.5% interest; general fund/tax roll) and $386,000 for the Oshkosh Street project (10-year note, ~6% interest; paid from TID increment). The loans will be submitted to the state for disbursement.",{"_33":87,"_35":36,"_37":38,"_39":88,"_41":89,"_43":90,"_45":91,"_47":92,"_49":93,"_51":94,"_53":95,"_55":56,"_57":58,"_59":96,"_61":62,"_63":64,"_65":97,"_67":68,"_69":70,"_71":68,"_72":56,"_73":56},6158487,"City audit: unmodified opinion; general fund healthy as TIFs show early deficits",952,158000,1110000,"/Search/View?dp=1&key=5458398-173e800f78fb98de0b641dfa1241208d&start=158&end=1110","https://assets.pipeline.soar.com/5458398-173e800f78fb98de0b641dfa1241208d/thumbnail_158000.jpg","/articles/6158487/New-London/Waupaca-County/Wisconsin/City-audit-unmodified-opinion-general-fund-healthy-as-TIFs-show-early-deficits","https://secure.pipeline.soar.com/6158487-8c837275a085392ec4238c57e4466811/orig.mp4?Expires=1775406904&Signature=MJym0PukTOIFOaOrSeCRoNrVI7vapM8d2769dQNUJ1eIBz~qzosKpsu6r6kd95bolvaDGDcmtuIrVf-IQ-FDleho2O7ojZSMxi2lAu0O997Rn7RIYRd0jbD5RgpYWGhqW0U7zky9p78vFEVDYnpyjtakQGvgpb9sxdwjBbYoufM0nbkExh0CWEI10sUBQIVQ-0od9eKWBWeispm8TNX0MhMGnU8~hrRp~5ZjKgKOB7S2vBGmpSR2cMugg7PsIPoTzjxxQsLzSEcYWFoxJ4jTc~NR0VHjPTQQlX9wrzfy3e653MrIwQ2tDxb7YbgvEdHDXVJraTCAW7ssi7btCfqVHg__&Key-Pair-Id=KUT5TJCACFTXG","Brent Nelson, a CPA with Johnson Block and Company, presented the City of New London\u0000s audited financial statements for the year ended Dec. 31, 2024, to the Finance Personnel Committee and said the firm issued an unmodified opinion. The audit found the city\u0000s financial statements were, in all material respects, presented in accordance with generally accepted accounting principles.
The audit matters matter because the opinion and the fund-level trends affect the city\u0000s ability to borrow and to fund capital projects and services. Nelson and Finance Director Judy said the city ended 2024 with broadly healthy reserves but flagged early-stage deficits in some tax incremental financing (TIF) districts that the committee should monitor.
Nelson told the committee that total governmental fund balance declined about $317,000 in 2024. At the fund level, the general fund increased by $235,000 while the capital projects fund decreased by $437,000. Nelson said capital project balances often fluctuate year to year as projects move from borrowing to spending. He reported a roughly $257,000 decrease in the tourism fund after room tax dollars were transferred to the New London Chamber of Commerce following state statute.
Judy and Nelson provided specific measures of reserve strength. The city held $3,451,000 in unassigned general fund balance at Dec. 31, 2024, which Nelson calculated as about 45% of annual general fund expenditures; the city\u0000s policy target is 25%. General fund revenues for 2024 were roughly $7.8 million and expenditures were about $8.494 million, producing the modest year-to-year increase in the general fund balance.
Nelson said intergovernmental revenue for the city rose about $445,000 in 2024 following changes enacted as part of act 12, which increased state shared revenue to municipalities. He noted that interest income also remained elevated in 2023\u000024. Nelson said the electric and water fund net position rose by approximately $667,000 and the sewer utility rose by about $356,000 for 2024.
The auditors also reviewed long-term debt. Nelson said governmental activities had about $11,940,000 in bonds and notes outstanding at Dec. 31, 2024, and utilities had about $13,700,000. He noted Wisconsin sets a limit on general obligation debt equal to 5% of equalized property value; for New London that statutory maximum computes to about $29,902,000 versus the city\u0000s outstanding general obligation debt of about $12,144,000, leaving capacity within the statutory limit.
Nelson said the audit produced no material weaknesses in internal control and that management communications were informational in nature. He encouraged committee members to read the audit communication document and said he was available for follow-up questions. Judy said she will present more detail on individual TIF districts at the committee\u0000s next meeting and that required filings (including the act 12 maintenance-of-effort reporting and TID reports) had been submitted.
Committee discussion emphasized monitoring the early-stage TIF deficits and the timing of capital projects; Nelson and Judy reiterated that fluctuations in capital project funds and TIF deficits are often timing issues related to borrowing and project expenditures. The auditors and finance director distinguished between audit findings (none material) and policy decisions the committee might take about transfers, debt issuance or project timing.
The committee did not take a formal vote on the audit itself; Nelson said the audit was finalized earlier in the week and the firm issued its report.
The finance director said she will provide updated fund-balance numbers and a district-by-district TIF report at the next meeting so the committee can track increment growth and monitor any need for general fund support.","Johnson Block and Company presented the City of New London\u0000s audit for the year ended Dec. 31, 2024, reporting an unmodified opinion, a stable general fund with a $3.45 million unassigned balance (about 45% of annual expenditures), and several TIF districts with early-stage deficits to monitor.","actionData","errors"]

Article not found

Committee denies insurance claim on insurer's recommendation

Committee approves State Trust Fund loans for DPW bucket truck and Oshkosh Street project

City audit: unmodified opinion; general fund healthy as TIFs show early deficits