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Wausau finance committee agrees to cover $149,349 lead service-line shortfall from 2024 surplus; schedules debt-item follow-ups
Summary
The Wausau Finance Committee voted July 8 to use the city's 2024 revenue surplus to cover a $149,349 funding shortfall for a 2024 lead service-line replacement project and asked staff to bring related debt and transfer documents to upcoming meetings.
The Wausau Finance Committee voted July 8, 2025, to cover a $149,349 shortfall in a 2024 lead service-line replacement project from the city's 2024 revenue surplus and to forward a transfer for council consideration on Aug. 12.
The action arose during discussion of a proposed 2025 general obligation promissory note for capital improvements. Committee members considered two options for the ineligible costs: include the amount in the 2025 debt issue or pay it with a one-time transfer from the general fund's 2024 surplus. Mary Anne, a staff member, presented the financing options and the DNR's determination on eligible costs. She said…
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