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Council approves budget transfers for aerial mapping and early payoff of state trust fund loan to save interest
Summary
Council approved Budget Resolution 13-2025 to cover higher costs on an aerial planimetric mapping project with funding split among long-term debt, wastewater and water utilities, and approved Budget Resolution 14-2025 to pay off a state trust fund loan early, avoiding $3,767 in interest.
The Marshfield Common Council on April 22 approved two budget resolutions: one to increase spending for an aerial flight and planimetric mapping project and another to pay off an existing state trust fund loan early.
Finance Director Jennifer Salinski told the council that bids returned higher than originally budgeted for the aerial mapping project conducted through the Wisconsin Regional Consortium; the additional cost will be divided among long-term debt, the wastewater utility and the water utility in the same proportions as originally planned. The council authorized transfers from contingency and adjustments to seven line items to cover the added engineering and mapping cost (Budget Resolution 13-2025).
On a separate motion, the council approved Budget Resolution 14-2025 to pay off a 2019 state trust fund loan of $750,000 that had been used for improvements in Tax Increment District (TID) No. 7 (the Railspur project). The final payoff figure provided to the city was $137,159.94; if paid before May 9 the city avoids $3,767 in interest. Salinski said TID 7 is performing well and has roughly $1 million of positive fund balance; early payoff reduces the city’s liabilities and simplifies future accounting.
Both resolutions passed on council motions. Members thanked finance staff for tracking the loan and identifying the early-payoff opportunity.
