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Finance committee approves vouchers and hears Q3 surplus report
Summary
Muskego City’s finance committee approved utility vouchers ($89,537.08), general-fund vouchers ($230,066.89) and payroll wire transfers ($451,121.12). The finance director reported a projected Q3 surplus of about $300,000, which will increase the general fund balance to roughly $8.3 million.
The Muskego City Finance Committee on Oct. 22 approved a slate of routine payments and heard a quarterly financial update.
The committee recommended and approved utility vouchers totaling $89,537.08, general-fund vouchers of $230,066.89 and payroll-related wire transfers and invoice transmittals of $451,121.12. Each item was moved, seconded and carried with recorded "aye" responses but without a named roll-call tally in the transcript.
At the finance director's report, staff said third-quarter results were "still on track," projecting a surplus of "approximately $300,000," driven mainly by investment earnings. The finance director said the city’s general operating fund balance of about $8,000,000 is expected to increase to approximately $8.3 million; about $94,000 of that balance was discussed as part of planned uses.
Committee members asked whether the surplus would affect the upcoming budget; staff said the surplus rolls into the fund balance and identified specific expenditures from that balance but did not change the current budget plan in the transcript.
No votes to block any of the voucher or transfer approvals were recorded.
