Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
Board previews 2024 budget; approves borrowing authorization of up to $1.745 million
Summary
Administrator Nick Leonard presented a balanced 2024 General Fund budget that reduces the local tax rate by 3% and will go to a public hearing Nov. 20. The Board also approved Resolution 16-2023 authorizing borrowing not to exceed $1,745,000 by roll call vote.
The Village of North Fond du Lac Board on Nov. 6 reviewed the proposed 2024 General Fund budget and approved a resolution authorizing borrowing of up to $1,745,000.
Administrator Nick Leonard presented a balanced 2024 budget that the minutes state would produce a 3% decrease in the local tax rate. The budget was scheduled for public hearing and adoption at the Nov. 20 meeting. Streetar thanked staff for their work on the budget.
The Board discussed the 2024–2028 Capital Improvement Plan. Leonard reported an ambulance had been ordered and $300,000 placed in the CIP for it. He told the Board the McKinley Street Bridge project would be removed from the borrowed amount and paid for from capital reserves; several projects were carried over from previous borrows, leaving a final General Fund borrow amount of $1,307,066.
The Board then approved Resolution 16-2023 authorizing borrowing not to exceed $1,745,000 and providing for issuance and sale of general obligation promissory notes. Trustee John Duffy moved to approve and Trustee Chuck Hornung seconded. A roll-call vote recorded Duffy, Hornung, Streetar, Price and Will as voting yes. The resolution passed.
