Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Elm Grove committee probes $1.4M TIF #2 spending, reviews provisional 2025 finances
Summary
At its Jan. 27 meeting the Elm Grove Finance & Licensing Committee requested a supplemental breakdown of $1,406,199 in TIF #2 expenditures and reviewed provisional December 2025 finances showing a $112,500 General Fund surplus driven by a $100,000 special developer fee.
The Elm Grove Finance & Licensing Committee on Jan. 27 asked staff for a detailed accounting of $1,406,199 in expenditures from Tax Increment Financing (TIF) District #2 while reviewing provisional December 2025 financial statements.
Finance Director Brian Lahey told the committee that General Fund revenue currently exceeds budget by $112,500, largely because of a $100,000 special fee received from the Caroline Heights developers. Lahey cautioned that reported expenses, at 89% of budget, do not yet include about $50,000 in fourth-quarter fire payroll or $63,500 in solid-waste charges from November and December.
Why it matters: committee members said they want greater transparency on TIF spending and year-end adjustments before the final 2025 financial report is presented in March. President Jim Koleski asked staff to prepare a supplemental cost breakdown for TIF #2 so the committee can see which projects and debt payments account for the $1.4 million balance.
Lahey attributed the bulk of the TIF #2 balance to the Daylighting of Underwood Creek project and the final 2012A stormwater debt payment. The committee did not take formal action beyond directing staff to produce the supplemental breakdown.
The committee also reviewed EMS fund activity. Lahey reported a $6,200 decline in monthly ambulance-billing revenue for December but said the EMS line still exceeds budget by $48,000 year-to-date. An accounts-receivable analysis showed a $16,000 increase from November to December, with the patient category up about $18,000. Koleski expressed concern about roughly $30,000 to $40,000 in receivables that are now more than 120 days past due and asked that the billing vendor be notified of the committee’s oversight and concerns.
Next steps: Lahey will provide the committee a supplemental TIF #2 cost breakdown and follow up on aged EMS receivables; the final 2025 financial report is scheduled for the committee’s March meeting.
