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Committee updates 2026 financial plan as road‑project changes prompt questions about wastewater loan timing
Summary
An update to the 2026 financial plan reflecting road project changes prompted questions about how the revisions will affect timing for a wastewater treatment plant loan; the committee noted sewer revenues are tracking higher after the recent rate increase.
The Finance Committee discussed updates to the village’s 2026 financial plan on April 13 after officials said numbers changed because of revisions to the road plan project. Village President Duane Urbanski said the plan was updated to reflect those changes and Chairman Dave Borchardt asked how the new figures would affect the village’s timing when it seeks a loan for the wastewater treatment plant.
Member Rachel Fuller noted that the most recent sewer rate increase covered the cost of the E Shore Lift Station and that current sewer revenues are tracking higher than anticipated. The committee agreed that quarterly variance reporting would be useful: Borchardt said he will begin presenting a quarterly variance report to the Village Board to track revenue and expense movement. No formal loan decision or schedule change was made at the meeting; staff will use the updated financial plan and variance reporting to inform future board decisions about financing the wastewater project.
The committee did not provide dollar totals in the meeting minutes for the updated plan or projected loan amounts; follow-up reporting was requested implicitly through the planned quarterly variance reports.
