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Committee receives July 2025 General Fund report; final tax settlement due in August
Summary
Finance staff presented the Village’s year-to-date General Fund revenues and expenditures through July 31, 2025; staff said final tax settlement in August and interest income are strong, while overtime and attrition in public safety are areas to monitor.
The Village of Ashwaubenon Finance and Personnel Committee received the year-to-date General Fund revenue and expenditure report through July 31, 2025, and discussed key variances and timing-sensitive items.
Greg, presenting the report, said August is when the village receives its final tax settlement and that tax and intergovernmental aid receipts will materially increase revenues on the August statements. He said interest income is showing a positive variance and is near full‑year budget, while attrition in public safety is producing overtime pressures that staff have budgeted for but continue to monitor. Greg described the mid‑year fund balance reading as timing‑driven and said the village budgeted no growth to the fund balance for the year; when tax settlements and state aids are posted in August/September, revenue lines and fund balance will reflect the expected positions.
Committee members asked about overtime during Packer season and whether park-and-rec expenditures matched expectations; staff said those seasonal variances are largely budgeted. The item was treated as information only; the transcript does not record a formal committee vote to accept the report.
