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Wausau committee reviews motor pool shortfall, approves transfers and moves forward with 2026 borrowing schedule
Summary
Finance staff reported a small net loss in the motor pool fund that can be covered with transfers and other revenues; the committee approved transfers to address shortfalls, discussed delayed vehicle deliveries, and approved the promissory-note calendar to begin 2026 capital borrowing.
Finance staff told the Wausau Finance Committee on March 24 that the city’s 2025 motor pool fund showed a small net loss after including November and December charges but that several one-time receipts and transfers could cover the gap.
The finance director said November and December motor pool charges total $918,006.46, bringing 2025 motor pool revenues to about $8,800,000 and showing a net change/loss of roughly $41,003.73 for the year; offsetting items include proceeds from the sale of a fire truck and a pending GMT/GEMT transfer. The report also identified $752,000 of debt proceeds available to draw for capital assets and about $1,080,000 in committed purchase orders for assets not yet received.
Motor pool representative Solomon described supply-chain and upfit backlogs that delayed delivery of equipment ordered in 2023, noting the city had moved from 15th–16th in line to second or third for two spreader upfits and said recent med-unit delivery required corrective work before it enters service.
After discussion, the committee approved transfers (including recognized GEMT/GMT revenues and other moves) to cover motor-pool shortfalls and recommended the transfers to council. The committee also approved a calendar/parameters approach to issue 2026 general obligation promissory notes for capital projects and asked staff to return with parameters and Ehlers’ market advice at the next meeting.
The finance director emphasized that after proposed transfers and adjustments the general fund would still show a surplus for 2025. Staff will bring final transfer and borrowing parameters to the next meetings for formal council action.
Next steps: staff to present borrowing parameters and return with the recommended transfer resolutions to the council.
