Well, call the meeting [clears throat] to order.
» I pledge allegiance to the flag of the United States of America, and to the
republic for which it stands, one nation under God, indivisible, with liberty and
justice for all.
» Amy, would you call roll, please? >> Absolutely. Commissioner Deaton?
» Here. >> Commissioner Wolf?
» Here. >> Commissioner Wire?
» Here. >> Commissioner Bearish?
» Here. >> And Mr. Mayor Lindsey?
» Here. You have before you the agenda for
today.
Motion to approve the agenda as presented.
» Second. >> We have a motion and a second. All those
in favor, signify by saying aye. >> Aye.
» Aye. Those opposed, same sign.
Motion carries. You have before you the consent
calendar. Is there anything you want to discuss on the consent calendar?
If not, do I have a motion? >> Move to approve the consent calendar as
presented. >> Second.
» We have a motion and a second. All those in favor, signify by saying aye.
» Aye. >> Aye.
» Aye. >> Those opposed, same sign.
Motion carries. Seeing no unfinished business,
under new business, approve the 2024
annual financial report. And Amy, would you like to address this,
please?
» Sure. This is just the formal accepting of the annual report. It's already been
filed with the Department of Legislative Audit.
» Okay. No concerns or anything?
» None at all. >> Questions or comments?
Seeing none, do we have a motion? >> Make a motion to approve the 2024 annual
financial report. >> Second.
» We have a motion and a second. All those in favor signify saying aye.
» Aye. >> Aye.
» Those opposed same sign. Motion carries.
Review of the 2027 nonprofit funding requests. And again,
I'll ask Amy to address this to start. >> Thank you, Mayor. We have 11
applications this year for the 2027 funding request that total $487,000
and 50 I'm sorry, $487,050.
» And at this point in time, I do see some people in the audience. Is there anyone
from one of the nonprofits that would like to speak?
All right. Eric?
» Uh Eric Ortness with the uh Greater Madison Area Chamber of Commerce.
Uh if it looks like I've been at a baseball field for 50 hours over the
weekend, that's because I I have been hosting the state tournament in town.
Um our board of directors is um we we
submitted an increase in in funding for this year.
We're making a more of a
direct focus on bringing
events, conferences, meetings, tournaments
to town. And with our the way our sales tax
revenue is it's our hope that getting more people
from out of town into Madison will help drive the the sales tax
numbers. So, what I have handed out
by no means is that a finished product. Some of the pictures are just
placeholders. There's there's still quite a bit of
work to do on that booklet. But that is a booklet that will have
available for um
event holders, tournament directors, uh anybody that is looking to bring uh
conferences to town. Uh it's kind of an all-encompassing
um booklet for uh any type of event that might want to
come to Madison. From lodging to restaurants to meeting places.
Um so, that's going to be our focus in in 2027.
Is looking to bring more of those things to town.
Uh as you know, uh the bike jam that we
started, uh that was kind of our first uh dip into the water of new events. And
any type of new event takes money.
Um takes money to make money.
Um so, we are um
looking to bring more types uh of those things to town.
But then there's also um as you you know, there's all kinds of state
associations and and regional meetings that we can we can try and go after
with the the additional funding request that we've submitted for 2027.
» Eric, can I clarify because in 2026 I have you at 105,000
and 2027 105 again, is there a change? Or you're just
» 2026 we
we received a uh cut to our funding. So, we we have
85,000 >> Okay.
» for 2026. >> I just wanted to make sure on that.
» 2025 we were at 95,000. And then this year we are 85,000.
And we're requesting 105,000 for 2027.
» Correct. So, you requested 105,000 in 26, we're
approved for 85,000 >> Correct.
» and are requesting again 105. >> Correct.
» Thank you. >> [clears throat]
[snorts] >> This is very impressive. Thank you.
It does highlight, you know, some of the things in that Madison has to offer that
you don't just normally think of and that, you know, when you're
looking at a town in that that you haven't been to or you have been to
before and you're bringing, you know, someone in or a
team in regardless of what sport or activity or event it is. So,
» Daniel and Rachel in our chamber office that they have put that
have been working on that. Eventually we'll have a electronic flip
book that we can just email off to people
and then have some actual printed booklets
available. >> No, very nice. Very nice.
» Other questions or comments?
Any of the commission?
No. >> Well, thank you and you know, we're just
in the beginning stages of our budget. So at this point in time we have no
answers. >> Thank you.
» Thank you.
» Well, that's hard to follow cuz I don't have a booklet. So Brooke Rologg, I'm
the executive director for the Madison Area Development Corporation. And we are
the we are the arm of of development in our area. One specific way we've focused
on continuing to generate more revenue for the city is through the industrial
park expansion. Of course, you guys are very close with all the projects that
we've worked on the last handful of years, but one great example was well
we'll be next commission meeting we'll present a new plat and another land sale
increase property tax, but our ultimate goal is how how can we be here to to
make our continue to make our community thrive
through through property taxes, job employment, and quality of life. These
are all areas that we we feel we've made great strides in the last handful of
years, but we're definitely not taking the foot off the gas. Like the goal is
to keep going and keep pushing. How can we find
more ways for housing and that industrial park and then
obviously continue to utilize the early learning center. But
those are all great projects, all things that have forward reaching commitments.
And so as always I've greatly appreciated your support. We couldn't
have done it without you. But again, we're not we're not looking
to slow down anytime anytime soon. So again, no pamphlet, but happy to answer
any questions about what the next handful of years or even 12 months looks
like for for MADC. >> Very good. Questions or comments from
the commission?
Well, thank you for what you've done so far and and I support moving forward
definitely. >> Thank you guys for your continued
support. >> Thank you.
Amy, it looks like we might want to update our
our names on there. On your spreadsheet.
To their new name. >> From LAIC to MADC.
Top row. >> So, I will note that I did it on the one
right below it, but missed the one above it. So, I will definitely make that
correction. >> I will jump back into So, we are a DBA
with MADC. So, our legal name will always continue to be like Area
Improvement Corporation. So, we cash flow checks.
» [laughter] >> So, you weren't wrong after all, Amy.
Well, thank you, Brooke. >> [laughter]
» Thank you.
» Good afternoon. Uh Mark Even here with the Senior
Citizens Center with the my wife, Genie. Uh
uh This year we're asking for 15,000. Last
year we got 13,500. And we'd like to bring that back up to
15 if we could. Uh
I don't know if if uh many of you have been out around the Senior Center, but
you can see some of the improvements that I've made to the senior that we've
made to the Senior Center. Over this last year we're finishing both
of the bathrooms and in the process of re-shingling our shed right now as we
speak. So, uh things are happening there. Uh the program's getting larger.
Uh and uh if you've been by on a Friday night, you
can see that we've got a lot of action going on there.
So, uh the monies that we have it has been well
spent. That you've given to us. And this next
year in 2027, our big push is going to be for a sign out front of the building.
Right now, we we don't have any advertisement or sign. People have a
hard time trying to find a place. People don't know where it's located. If you
put it in your phone, it takes you to the motorcycle shop.
So, we'd like to get electronic sign out
front of the place, which is which is a big push for us.
That way we can advertise what programs are going on and when and if they're
canceled and and so forth. Whether we're doing game game night or
game day or whatever, it can be advertised
uh as so. Uh without our local newspaper,
it's it's it's a little bit more of a struggle like it is with everyone else
to try and get the word out about what's happening in Madison. I think probably
for everyone, that's that's a challenge as to what's happening around town. So.
» The newspaper. We still have one, but it's weekly.
» Yeah, it's a weekly paper. Yeah, so. Uh I guess with that that's uh
that's what we're asking for. >> Energy.
No, but we we looked at the demographics and 35% of the residents in Lake County
would be eligible to be considered seniors.
And we just feel like that's a large percentage of the population of Lake
County and we draw in people from other communities as well that come here on
Fridays and eat at the local Dairy Queen or Pizza
Ranch or Las Tapatías or all the restaurants, you know, and so putting
money back in to the Madison community.
» And I've been out there in that and I've seen you've really made them some major
improvements out there. It really is nice.
» We've just got more to go. >> Yeah.
Any other questions or comments?
Okay. Well, thank you. >> Thank you.
» Yes.
» [clears throat]
» Is there anyone else here in that from a non-profit that would like to speak?
If not, thank you I thank you for everyone who's here and again this is
the beginning of our budgeting process and so
we don't have any answers at this point in time, but we will definitely keep the
requests and that in consideration. So
with that I'll move on to number eight.
» Mr. Mayor, was there a couple additional ones Amy that come in late? I didn't
» They there were two actually, yeah. Madison area Arts Council and the
um museum came in late. Oh, they didn't
come in late. They came in on Friday afternoon. Um I did send those out to
you guys. So those um the Arts Council submitted a request for
12,500 and the
museum submitted a request for 27,800.
» So where the two empty spots are on the page here, they did come in and fill
those in with the same request as last year. So thank you for bringing that
forward. And then the funding for Habitat uh they
did not send in an application this year.
» They did not and they did not um the previous year as well. We talked about
removing them, but it changes the the data historically on the spreadsheet, so
we just left them there. >> Yep.
Other questions or comments?
Jameson, when do you have the first preliminary budget numbers?
Couple weeks. I guess I'd defer to Amy.
» For Amy? >> First the budget.
» Yeah, towards the end of August we will see those and then we have to reach back
out to non-profit funding the first part of September.
» Okay. >> We would certainly take any direction
that you'd have today. Obviously, it's going to be contingent on how the
broader budget shapes up. I think the the lesson that I see looking through
the request for this year is that most entities are looking to get back to
where they were previously before last year's cuts
or you know, we're on track with the same requests as they had last year. So,
any direction we would be happy to take but we can certainly incorporate this
into future budget discussions, too. >> Yeah, I think once we get more budget
information, look at that, we can get some responses back to these folks.
» We have department head budget reviews this week and next. So, once I have that
information into the system, I'll have some pretty good preliminary numbers for
us to go off of. >> Thank you.
» Other questions or comments?
All right, then I'll move on to number eight.
Authorize the sale of renewable energy credits RECs.
Mike, would you like to address that? >> Yeah, so
what we're looking at with RECs is that is
uh trait of the energy that's produced that
we purchased from WAPA. It's basically a renewable energy
credit. Right now, they don't have a lot of
value if we hang on to them. They're managed by
Heartland Energy and you can see the the snapshot at the
bottom. Uh
that uh the value of what we would have on hand. Um
So, I guess what we're asking is just the
um for the commission to recommend the the
approval of the sale and that Heartland Energy to conduct negotiations on our
behalf.
» Can you explain, Mike, are these accumulated or
So, if >> They're They're accumulated year by
year. >> Okay.
» Yes. Yep.
And then >> And then if you could explain a little
bit more for the general public as to why we receive them and why they aren't
any benefit to us because they are more of a benefit to taxable agencies. Am I
correct on that? >> Correct. There's no requirement from the
state for us to show that we have a renewable attribute towards the energy
uses that we have. Correct.
» But other companies and that that are taxable and that these do have value to
them and that's what gives us the ability to say, well, we can't use them,
but we can turn them into cash for the city of Madison.
» Correct. >> Okay.
Any other comments? >> Mr. Mayor, I'm going to abstain from
this vote just because I work at Heartland and they're going to do the
sale of them, so. >> And again, it's an open sale, so we
don't know the exact value, but on the sheet in front of us gives us some ideas
and that, you know, uh based on whatever they may sell for, so.
» And I'll note that the the historical wrecks from 2024 25 are do not have uh
as much value as our estimated 2026 thousand wrecks or 2026 wrecks.
So, they're as soon as they fall off and they become they become an older a year
older, they lose value. >> Mhm.
All right. >> Have we sold them in the past?
» No, we couldn't uh with the addendum to the contract that
we signed earlier in the year with WAPA, um that allows us to sell our renewable
energy credits, so we have not in the past.
» Other questions or comments? >> Uh the revenue that we get from the sale
of these credits, does that go back into the enterprise fund?
» Correct. That stays in the electric fund. Yep.
» Other questions or comments?
If not, do we have a motion? And Amy, would you take roll on this, please?
» Yes.
» I'll make a Go ahead. Go ahead. >> I'll make a motion to approve the sale
of our renewable energy energy credits. >> Second.
» We have a motion and a second. All those in favor, then that signify by saying I
uh when your name is called.
» So, do I call Kelly or
» Yes, you call everybody. >> Um
Commissioner Dipdal? >> Abstain.
» Commissioner Wolfe? >> I.
» Commissioner Wire? >> I.
» Commissioner Barish? >> I.
» And Mr. Mayor Lindsey? >> I.
» Thank you. >> Okay.
Motion carries. With that, we'll move into number nine,
the August financial reports. And now, I'll ask Jameson to cover these.
All right. We're going to turn it over to Amy.
» Okay, this is the finance update for August, which is on June numbers, which
is halfway through the year. Um 2027 budget development continues.
Department operating budgets were due August 1st, and capital requests are due
August 15th. 26.
Um we continue working with Williams and Company to finalize the 2025 audit. I
expect that to be back and completed um here in a couple weeks. I've been really
efficiently working through everything that we've submitted, so happy to have
that one behind us. Uh the 2024 annual report, which um we
just talked about earlier in this meeting, has been filed with DLA.
The up This update reflects year-to-date activity through June, which is 50% of
the fiscal year completed.
Cash on hand in general cash, we have 11.9 million. Investments, 2.73 million.
Checking, 6.19. Money market, 574,000.
Certificates and other, 832. The electric construction count, 1.58
million. And in restricted cash, we have 647,000.
Our revenue guidelines for June. And overall, most funds remain in a
mid-stable position for the mid-year. With the largest variances driven by
timing of transfers and debt proceeds in capital projects.
The general fund is ahead on revenue because of transfers that were completed
early in the year, while sales tax and grant revenues are below projections or
not recorded at this time. General fund expenses remain under
budget overall. And this is largely because several
capital projects and contingency funds have not been used.
Expenditure guidelines.
Profit loss for June.
» Amy, can I ask a question here? Um I'm I'm to show my continued ignorance at
trying to figure out how the heck uh tax increments work. Um why do we have
expenditures on tax increment districts? Let's see.
Three three, five, and six that are not
aligning with the revenues.
» It's just the timing of when that comes in and goes out. So when when they come
back in, that'll balance each other out. It's just a path through. There's only
Do you remember which TIF it is that we
TIF number three is the only Yeah.
There's only one TIF that we receive or or retain part of the funds and it's 25%
of the increment that we keep and I believe that's TIF three.
For Peaceful Pines.
» So next month's report, they might look more in balance.
» Yeah, it just depends. >> It may be November when taxes come in,
you know, from the property taxes that cover the TIFs.
So it may not show up, you know, as soon as you were
as we would expect it to, you know, being in the next month.
» Yeah, so we would see that in the December report because we don't get the
money from the county until after.
» That's it. Thank you.
» Year-to-date profit loss
» Sales tax. Which shows us um for the year at a
-5.21%.
And then the sales tax graph.
And our rolling average for June has us at 2.03% negative.
And any other questions?
» Questions or comments?
Okay, seeing none. Do we have any public comment?
Okay. Seeing none. Under announcements, our
next regular commission meeting will be Monday, August 17th at 5:30 p.m.
And with that, I want to thank everyone who's here.
And do we have a motion to adjourn? >> So moved.
» Second. >> We have a motion and a second. All those
in favor signify by saying aye. Aye.
Those opposed same sign. Motion carries.
Again, thank you for everyone.
» No, very good.