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Board approves year‑end reserve allocations from 2024 surplus
Summary
Trustees approved Resolution R-2-25 to allocate leftover 2024 revenues into several reserve accounts, including stormwater and a fire‑district fee reserve tied to fire call revenues.
The Village of Hortonville board approved Resolution R-2-25 on Feb. 6 to allocate year‑end surpluses from 2024 into designated reserve accounts.
Finance staff explained most allocations reflect leftover revenues from specific activities at year‑end. The board noted the village receives roughly 25% of certain Hortonville‑Hortonia Fire District (HHFD) call fees and that stormwater fund dollars were being intentionally built up to cover anticipated stormwater projects. Staff also described the building maintenance allocation as a suggested nominal amount and said the recreation and HR reserve amounts reflect remaining budget balances from 2024.
Trustees discussed control and access to the reserves; staff confirmed any use of these funds by departments would require board approval. After brief questions, the board approved R‑2‑25 by roll call.
The action formalizes how leftover 2024 revenues will be set aside to support upcoming capital and maintenance needs, stormwater work and other identified items.
