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Finance committee forwards depository designations, $1M in carry-forwards and budget amendments to village board
Summary
The Waunakee Finance Committee on April 6 approved a resolution naming public depositories (4–0 with two abstentions), authorized carry-forwards including a projection of just over $1,000,000 for sick-leave conversions, and approved budget transfers including a $301,000 transfer to the equipment replacement fund; all items advance to the village board.
The Waunakee Finance Committee on April 6 voted to recommend several routine finance measures to the village board, including a resolution designating the village's public depositories, carry-forward of unspent 2025 appropriations and a package of budget transfers and amendments.
The committee approved the depository resolution by voice vote with four ayes and two abstentions after two members said they would abstain because a bank they represent was listed. Committee discussion focused on statutory safeguards; staff noted that the statute provides for dual signatures on withdrawals and that finance procedures require an initiating staff member and a separate approver.
Renee, the finance staff member leading the packet presentation, summarized the carry-forward resolution…
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