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Minocqua reports $546,000 year-end fund balance and $8.7 million debt for 2025
Summary
At its April 23, 2026 annual meeting, the Town of Minocqua was told its 2025 year-end fund balance was $546,000 (an $80,000 increase), outstanding debt was $8.7 million, and the town's debt capacity is $171 million (about 5% used); an audience member requested future balance sheets be provided.
Town Accountant Jocelyn Seeliger reported to attendees at the Town of Minocqua annual meeting on April 23, 2026, that the town closed 2025 with a general fund balance of $546,000, an increase of $80,000 from the previous year, and outstanding debt of $8.7 million. Seeliger said the town's debt capacity is $171 million and that the town was using roughly 5% of that capacity.
Seeliger reviewed department-level budget variances for 2025 and took questions from the audience. Audience member Lori Nixon requested that a copy of the town's balance sheet also be made available at future annual meetings; Chairman Mark Hartzheim acknowledged the request during the question period.
The accounting report provided an overview of the town's fiscal position but did not include detailed line-item figures in the meeting record. The town approved a separate motion during the meeting to increase elected-official salaries; that action will take effect after the April 2027 election.
The meeting set the next annual meeting for April 23, 2027, at 5:00 p.m., and adjourned at 5:26 p.m.
