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CWCAC committee backs sale proceeds and reserve funds to pay multiple mortgages after Mauston purchase
Summary
The EPF&A Committee approved using proceeds from the planned sale of a Necedah single-family house and an $84,000 replacement reserve to pay down mortgages on several affordable-housing properties, following a finance report that recorded a Dec. 31, 2025 acquisition and accompanying appraisal of Mauston Senior Village.
Donna Maly called the Central Wisconsin Community Action Council’s EPF&A Committee to order on March 13, and staff presented an end-of-year finance report that included a recent property acquisition and several recommended financial moves. Jim Dahlke, who presented the finance materials, reported that for the period ending Dec. 31, 2025 the Statement of Revenue and Expenses showed revenues of $13,011,015, expenses of $9,764,762 and unrestricted net income of $3,489,687.
Dahlke told the committee the agency completed the acquisition of Mauston…
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