REGULAR VILLAGE BOARD MEETING
MEETING NOTICE AND AGENDA
WHITEFISH BAY VILLAGE HALL – IN-PERSON 5300 North Marlborough Drive
Monday, July 12, 2021, 6:00 PM
I. Call to Order and Roll Call
II. Consent Agenda – Upon request of any Trustee, any item may be removed from the Consent Agenda for separate consideration under General Business.
1. Minutes of the regular meeting held on June 7, 2021. 2. Investment Report for May, 2021. 3. Investment Report for June, 2021. 4. Claims for June, 2021. 5. Approval of 2021-2022 Operator Licenses. 6. Appointment of Julie Wilson to the Plan Commission for a term to expire in 2024. 7. Appointment of Sandy Salzstein as the School District representative to the Library Board for a term to expire in 2023. 8. Appointment of President Buckley to the Community Development Authority. 9. Temporary Beer/Wine License for WFB Little League Championship Saturday and Play Ball event at Craig Counsell Park on July 24th. 10. Temporary Beer/Wine License for the Feast Day & Fair Event at St. Monica Parish on August 28th and 29th.
III. Report of Village Officers
1. Village Attorney 2. Village Manager 3. Village President 4. Miscellaneous Trustee
IV. Petitions and Communications – This is an opportunity for anyone to address the Village Board on any issue NOT on the current agenda. While the Board encourages input from residents of the Village, it may not discuss or act on any issue that is not duly noticed on the agenda.
Page 1 of 2
V. General Business
1. Discussion/action on Resolution No. 3092 – Authorizing the Issuance and Sale of $1,175,000 General Obligation Refunding Bonds, Series 2021B.
2. Presentation of 2020 Financial Audit.
3. Discussion/action on Ordinance No. 1886 – to create a designated drop-off space adjacent to Mathnasium on Silver Spring Drive.
4. Discussion/action on Ordinance No. 1887 to pertaining to parking on N. Berkeley Blvd. (between E. Belle Ave. and E. Montclaire Ave.).
5. Discussion/action on contract award for the Klode Park Beach Restoration and Shoreline Stabilization Project.
6. Discussion/action on contract award for the Blackthorne Water Main Replacement Project.
7. Discussion/action on appointment of Village Trustee.
8. Discussion/action regarding in-person meetings.
9. The Village Board may convene into Closed Session pursuant to Wisconsin State Statute §19.85(1)(e) deliberating or negotiating the purchase of public property, investing of public funds, conducting other specified business whenever competitive and/or bargaining reasons require a closed session – 1. Specifically regarding negotiations with special counsel and other consultants to provide assistance on traffic, zoning, and land development matters and 2. Specifically regarding a cellular lease request from AT&T.
10. The Village Board may reconvene to open session. The Village Board reserves the right to take action on any topic discussed in closed session.
VI. Adjourn
Upon reasonable notice, efforts will be made to accommodate the needs of disabled individuals through appropriate aids and services. Contact Village Hall at (414) 962-6690. It is possible that members of and possibly a quorum of members of other Boards, Commissions, or Committees of the Village including in particular the Plan Commission may be in attendance in the above stated meeting to gather information; no action will be taken by any other Boards, Commissions, or Committees of the Village except by the Board, Commission, or Committee noticed above. Agendas and minutes are available on the Village website (www.wfbvillage.org)
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REGULAR VILLAGE BOARD MEETING
A regular meeting of the Board of Trustees of Whitefish Bay was held In-Person on June 7, 2021
Pursuant to law, written notice of this meeting was given to the press and posted on the public bulletin boards.
I. Call to Order and Roll Call
Acting President Fuda called the meeting to order at 6:00 p.m.
Present: Trustees Buckley, Demet, Fuda, Haller, Koltun (attended virtually), and Serebin.
Also Present: Village Manager Paul Boening Village Attorney Chris Jaekels Assistant Village Manager Tim Blakeslee Finance Director Jaimie Krueger Director of Building Services Joel Oestreich Director of Public Works John Edlebeck Interim Police Chief Patrick Whitaker Library Director Nyama Reed Deputy Clerk Erin Granstrom
II. Consent Agenda
It was moved by Trustee Serebin, seconded by Trustee Haller, and carried by the Village Board 6-0 to approve the consent agenda as presented.
1. Minutes of the regular meeting held on May 17, 2021. 2. Claims for May, 2021. 3. Resolution No. 3088 – Acknowledging the 2020 Compliance Maintenance Annual Report. 4. Approval of 2021-2022 Alcohol Licenses. 5. Approval of 2021-2022 Operator Licenses. 6. Approval of 2021-2022 Tobacco Licenses. 7. Referral of Ordinance to Plan Commission (Ord. No. 1885 – Pertaining to Outdoor Seating for Businesses). 8. Temporary Class “B” Beer/”Class B” Wine License for the “Whitefish Bay Art Festival” event to be held on July 11th and 12th (Applicant: WFB Business Improvement District). 9. First Amendment to 2019 Tower and Ground Space Lease with U.S. Cellular.
III. Report of Village Officers
1. Village Attorney—No Report
2. Village Manager—Memorial Day Ceremony put on by the Civic Foundation went very well. Thanked those that worked on the event for their efforts and encouraged anyone who has not attended to consider in the future. Trustee Koltun is attending virtually as she is in Israel.
3. Miscellaneous Trustees—No Report
IV. Petitions and Communications
One communication received by Allan Murphy.
V. General Business
1. Discussion/action on Resolution No. 3089 – Providing the Sale of Approximately $1,175,000 General Obligation Refunding Bonds, Series 2021B.
Village Manager reviewed background on the debt that is currently callable from 2013 Sewer debt. Joe Murray from Ehlers spoke on savings on the refunding. This will not hinder future projects or funding. Ehlers looked at 4 options and is recommending a negotiated General Obligation bond with Baird. This would not extend the terms of the bond and would result in a cash flow savings of $280,000.
It was moved by Trustee Demet, seconded by Trustee Serebin and carried by the Village Board 6-0 to adopt Resolution 3089, a resolution providing the sale of approximately $1,175,000 general obligation bonds, Series 2021B.
2. Discussion/action regarding lead water service line replacement funding.
John Edlebeck reviewed the background of lead water service replacement in the Village. He explained that in the past there was funding for private side work through the DNR for communities with economic disadvantage. He was recent discovered that there are funds available for 2021 that the Village could apply for which could be used for work on the private side. Application deadline for this funding is June 30, 2021 and all the work would be required to be complete in 2021 and other federal regulations would be applicable. Edlebeck mentioned Blackthorne Pl. water main has had many breaks and is not in good condition. Edlebeck reviewed the options the Village has on how to proceed and gave pros and cons to each option. Serebin inquired if able to get both DNR funding and PSC Funds which Edlebeck said he does not believe that is possible. Retroactivity discussed. If DNR funds are used residents would have a choice to replace or not. Edlebeck stated that in the future the Village will be required to have an ordinance requiring replacement on the private side if public side is replaced. Fuda inquired about spreading the funds out to more residents which Edlebeck stated that the service has to be installed in 2021 to get funds. Concern with Blackthorne being covered on the private side and possibly no funding available in the future was discussed. Village Board discussed transparency of funding for private side and that it may not be available in the future.
Trustee Serebin moved, seconded by Trustee Haller and carried by the Village Board 6-0 to apply by June 30, 2021 for the 2021 LSL Replacement Program Grant at the funding of $5,000 - $8,000 per resident for the estimated 14-20 lead services all located within the Blackthorne Water main Project Limits.
3. Discussion/action on Resolution No. 3090 – Authorizing the Village Manager to apply for financial assistance from the State of Wisconsin Environmental Improvement Fund for water utility expenditures.
Per discussion on agenda item 2 Village Board is in support.
Trustee Serebin motioned, seconded by Trustee Haller and carried by the Village Board 5-0, to adopt Resolution No. 3090 – Authorizing the Village Manager to apply for financial assistance from the State of Wisconsin Environmental Improvement Fund for water utility expenditures.
4. Discussion/Action on Resolution No. 3091 – Authorizing the Sale of North Shore Water Commission land to the Wisconsin Dept. of Transportation.
Attorney Jaekels described the location of the property and the joint ownership by municipalities in the North Shore Water Commission. This is about 0.3 acre located in Glendale. The Village got an independent appraisal that came back at $61,600, with the Whitefish Bay portion of that being approximately $20,000. There is also a temporary easement for staging for construction through 2023. Recommend sale of the property.
Trustee Haller motioned, seconded by Trustee Serebin and carried by the Village Board 6-0 to adopt Resolution No. 3091 – authorizing the Sale of North Shore Water Commission land to the Wisconsin Dept. of Transportation.
5. Discussion/action on appointment of Village President.
Paul Boening reviewed background and outlined 4 options for proceeding. Trustee Buckley is interested in filling the Village
President vacancy, no other trustees expressed interest. All Trustees agreed that the appointment should be through the current Village President term which ends April 2023.
Trustee Haller motioned, seconded by Trustee Serebin and carried by the Village Board 6-0 to appoint Kevin Buckley Village President for a term ending in April 2023.
Kevin Buckley completed an Oath of Office for Village President and spoke on his new appointment.
6. Discussion/action on appointment of Village Trustee.
Boening explained the options for filling the vacancy of Village Trustee due to Trustee Buckley being appointed as Village President. Reviewed precedent of appointment of Trustee Serebin approximately 10 years ago. Serebin mentioned due to short term and 2 new trustees ask Jay Saunders to fill position. Haller agrees to not leave open but agrees with precedent and does not like the optics of appointing Saunders. Demet agrees Saunders would be good but thinks taking applications from the public would be best. Koltun agrees with option B outlined in the packet for government transparency. Fuda is agreeance with option B. Timeline for applications will be that applications will be due by July 1, interviews will be at the July 12th meeting and the Board will vote at the July 12th meeting. Due to summer schedule and vacations a virtual option for any candidate who would not be able to attend in person.
7. The Village Board decided to remain in open session for discussion of the Sale of Village Owned Property Located adjacent to N. Port Washington Road near Craig Counsell Park.
Attorney Jaekels described the location of the 0.3 acre strip of land the DOT would like to purchase. There is also a temporary easement of 0.7 acre through December 31, 2022. Original DOT appraisal of $57,100. The Village did an independent appraisal which came back as $125,000. DOT responded with an offer within 15% of the Village appraisal. Recommends selling as proposed, grant temporary easement on the 0.3 acre strip of land for 2021-2023 and sell the 0.7 acre for $99,700. Will not lose the road/driveway to Craig Counsell/JCC.
Trustee Demet motioned, seconded by Trustee Fuda and carried by the board 6-0 to accept the Department of Transportation offer of $99,700 for the I-43 Expansion Project.
VI. Adjourn
There being no further business, it was moved by Trustee Fuda, seconded by Trustee Demet to adjourn the meeting at 7:23 pm. Motion Carried 6-0.
______Erin Granstrom Deputy Clerk
Monthly Investment Summary May 2021
General Post Retirement Investments Investments Total LGIP/Money Market $ 11,592,199 $ - $ 11,592,199 Muncipal Bonds - - - CD's: Less than 1 Year 739,165 351,972 1,091,137 1 to 3 Years 1,853,752 550,838 2,404,590 3 to 5 Years 788,647 179,629 968,276 Total CD's 3,381,564 1,082,439 4,464,003 Total Investments $ 14,973,763 $ 1,082,439 $ 16,056,202
Accrued Interest $ 24,767 $ 4,364 $ 29,131
$14,000,000
$12,000,000 72%
$10,000,000
$8,000,000 LGIP/Money Market Municipal Bonds $6,000,000 CD's 28% $4,000,000
$2,000,000
$- Monthly Investment Summary June 2021
General Post Retirement Investments Investments Total LGIP/Money Market $ 9,748,887 $ - $ 9,748,887 Muncipal Bonds - - - CD's: Less than 1 Year 741,123 543,085 1,284,208 1 to 3 Years 1,849,661 362,900 2,212,561 3 to 5 Years 785,731 178,843 964,574 Total CD's 3,376,515 1,084,828 4,461,343 Total Investments $ 13,125,402 $ 1,084,828 $ 14,210,230
Accrued Interest $ 28,431 $ 9,060 $ 37,491
$12,000,000
$10,000,000 69%
$8,000,000 LGIP/Money Market $6,000,000 Municipal Bonds 31% CD's $4,000,000
$2,000,000
$- 07/08/2021 08:59 AM CHECK REGISTER FOR VILLAGE OF WHITEFISH BAY Page: 1/3 User: JGKRUEGER CHECK DATE FROM 06/01/2021 - 06/30/2021 DB: Whitefish Bay Check Date Bank Check Vendor Vendor Name Amount Bank Cking ASSOCIATED
06/04/2021 Cking 60279 0004 Alsco 811.43 06/04/2021 Cking 60280 102569 Amazon Capital Services 84.18 06/04/2021 Cking 60281 0005 Andrew Chevrolet 414.71 06/04/2021 Cking 60282 MISC01 Arlin Bonfiglio 50.00 06/04/2021 Cking 60283 102728 AT&T Mobility 464.74 06/04/2021 Cking 60284 102580 Axon Enterprise, Inc. 380.00 06/04/2021 Cking 60285 102543 Blackstone Publishing 40.00 06/04/2021 Cking 60286 102472 Capital One Trade Credit 419.96 06/04/2021 Cking 60287 MISC01 Cattron 360.00 06/04/2021 Cking 60288 101678 Century Springs 90.48 06/04/2021 Cking 60289 102172 Clark Dietz, Inc 430.00 06/04/2021 Cking 60290 0045 Confluence Graphics 260.23 06/04/2021 Cking 60291 0028 Diggers Hotline Inc 107.20 06/04/2021 Cking 60292 101606 Digicorp, Inc. 73.50 06/04/2021 Cking 60293 101676 Gale 98.39 06/04/2021 Cking 60294 0036 General Fire Equipment Co., Inc. 540.32 06/04/2021 Cking 60295 102419 GreatAmerica Financial Svcs 93.00 06/04/2021 Cking 60296 102051 Home Depot Credit Services 859.99 06/04/2021 Cking 60297 102659 Jacobus Energy 2,300.11 06/04/2021 Cking 60298 MISC01 John Kearns 131.88 06/04/2021 Cking 60299 102732 Kanopy, Inc. 267.00 06/04/2021 Cking 60300 101948 Leader Towing 135.00 06/04/2021 Cking 60301 0055 MATC 101.52 06/04/2021 Cking 60302 MISC01 Monica Starlha 1,000.00 06/04/2021 Cking 60303 101776 Neher Electric Supply, Inc. 177.00 06/04/2021 Cking 60304 102268 North Shore Water Commission 37,778.18 06/04/2021 Cking 60305 0124 Peter Bronek 960.00 06/04/2021 Cking 60306 102180 Ray O'Herron Co, Inc 71.96 06/04/2021 Cking 60307 102678 Robb Gregg 375.00 06/04/2021 Cking 60308 101680 Schwaab, Inc. 50.00 06/04/2021 Cking 60309 102481 Smart Interactive Media, LLC 115.00 06/04/2021 Cking 60310 101931 Staples Advantage 279.44 06/04/2021 Cking 60311 102380 STATE OF WISCONSIN 1,600.00 06/04/2021 Cking 60312 0074 TAPCO 826.66 06/04/2021 Cking 60313 101634 The Office Technology Group 341.26 06/04/2021 Cking 60314 101634 The Office Technology Group 263.86 06/04/2021 Cking 60315 MISC01 Thomas & Megan Hayden 283.65 06/04/2021 Cking 60316 102097 Time Warner Cable 2,283.83 06/04/2021 Cking 60317 0079 Verizon Wireless 31.19 06/04/2021 Cking 60318 0076 W.C.T.C. 517.28 06/04/2021 Cking 60319 0089 Wachtel Tree Science 650.00 06/04/2021 Cking 60320 102690 Wallace Tree and Landscape 10,000.00 06/04/2021 Cking 60321 0086 Wex Bank 4,902.18 06/04/2021 Cking 60322 MISC01 William Curtis 300.00 06/04/2021 Cking 60323 102229 Wisconsin Department of Justice 217.00 Total For 06/04/2021: 71,537.13
06/10/2021 Cking 60324 102569 Amazon Capital Services 225.89 06/10/2021 Cking 60325 101842 ArchiveSocial, Inc. 996.00 06/10/2021 Cking 60326 0006 Armstrong Consulting Group, Inc. 3,900.00 06/10/2021 Cking 60327 0010 Baker & Taylor Books 2,656.51 06/10/2021 Cking 60328 102406 Cardmember Service 4,593.47 06/10/2021 Cking 60329 0078 Carquest Auto Parts 619.47 06/10/2021 Cking 60330 102417 Chris Paape 50.00 06/10/2021 Cking 60331 101730 Christopher Zanger 120.00 06/10/2021 Cking 60332 102172 Clark Dietz, Inc 14,790.00 06/10/2021 Cking 60333 101610 COMPASS MINERALS AMERICA INC 30,641.90 06/10/2021 Cking 60334 0045 Confluence Graphics 40.00 06/10/2021 Cking 60335 101926 Daniel Courtier 60.00 06/10/2021 Cking 60336 102660 Findaway 574.41 06/10/2021 Cking 60337 101739 George Medina 60.00 06/10/2021 Cking 60338 101772 GFL Environmental 5,348.99 06/10/2021 Cking 60339 102629 Gibb Building Maintenance 2,256.00 06/10/2021 Cking 60340 102753 Jaimie Krueger 60.00 06/10/2021 Cking 60341 102648 Jesse Barkow 130.00 06/10/2021 Cking 60342 102247 John Edlebeck 60.00 06/10/2021 Cking 60343 102732 Kanopy, Inc. 308.00 06/10/2021 Cking 60344 MISC01 Kristina Keepel 6.00 06/10/2021 Cking 60345 0048 Lakeside International Truck 199.96 06/10/2021 Cking 60346 101818 Laura Gleason 90.00 06/10/2021 Cking 60347 102677 Lee Recreation, LLC 3,999.00 06/10/2021 Cking 60348 102000 Michael Best & Friedrich LLP 124.20 06/10/2021 Cking 60349 MISC01 MICHAEL KINATEDER 70.69 06/10/2021 Cking 60350 0058 Milwaukee County Treasurer 2,364.44 06/10/2021 Cking 60351 102100 Minor's Garden Center 52.20 06/10/2021 Cking 60352 102292 Office Copying Equipment 137.48 06/10/2021 Cking 60353 102107 Paul Boening 130.00 06/10/2021 Cking 60354 101927 Paul Gorecki 150.00 07/08/2021 08:59 AM CHECK REGISTER FOR VILLAGE OF WHITEFISH BAY Page: 2/3 User: JGKRUEGER CHECK DATE FROM 06/01/2021 - 06/30/2021 DB: Whitefish Bay Check Date Bank Check Vendor Vendor Name Amount 06/10/2021 Cking 60355 101898 Penworthy Company 503.77 06/10/2021 Cking 60356 102625 Perkins Oil 1,223.60 06/10/2021 Cking 60357 101601 Pitney Bowes 250.14 06/10/2021 Cking 60358 102701 Pom Incorporated 489.40 06/10/2021 Cking 60359 101674 R.N.O.W., Inc. 244.03 06/10/2021 Cking 60360 101720 Russell Blank 330.00 06/10/2021 Cking 60361 101605 Safety Mart 132.46 06/10/2021 Cking 60362 101871 Schmitz Ready Mix, Inc 2,206.88 06/10/2021 Cking 60363 0061 Securian Financial Group, Inc. 1,835.10 06/10/2021 Cking 60364 102550 Stark Pavement Corporation 1,612.67 06/10/2021 Cking 60365 101656 State of WI-Court Fines/Surcharges 4,865.82 06/10/2021 Cking 60366 102526 Tim Blakeslee 190.00 06/10/2021 Cking 60367 101632 Village of Bayside 807.00 06/10/2021 Cking 60368 0070 Village of Shorewood 3,168.97 06/10/2021 Cking 60369 102690 Wallace Tree and Landscape 9,482.00 06/10/2021 Cking 60370 0123 We Energies 25,532.87 06/10/2021 Cking 60371 101652 Westhofen Works, Inc. 1,008.00 06/10/2021 Cking 60372 0086 Wex Bank 2,565.41 06/10/2021 Cking 60373 101786 Whitefish Bay School District 46.28 06/10/2021 Cking 60374 102513 WI Department of Transportation 412.35 06/10/2021 Cking 60375 101773 Wisconsin Dept of Natural Resources 2,000.00 06/10/2021 Cking 60376 102361 Wisconsin Library Association 35.00 Total For 06/10/2021: 133,756.36
06/18/2021 Cking 60378 102497 Action Digital Document Solutions 1,573.70 06/18/2021 Cking 60379 0003 Aflac 460.72 06/18/2021 Cking 60380 102569 Amazon Capital Services 110.22 06/18/2021 Cking 60381 0006 Armstrong Consulting Group, Inc. 7,800.00 06/18/2021 Cking 60382 102641 Ascension Occupational Health 65.00 06/18/2021 Cking 60383 102472 Capital One Trade Credit 419.96 06/18/2021 Cking 60384 0021 Carlin Sales Corporation 152.63 06/18/2021 Cking 60385 101725 Certified Products, Inc 615.00 06/18/2021 Cking 60386 102718 Complete Mobile Drug Testing 212.76 06/18/2021 Cking 60387 0045 Confluence Graphics 12.50 06/18/2021 Cking 60388 101803 Custom Grown Greenhouses 3,380.00 06/18/2021 Cking 60389 102476 Energenecs 627.36 06/18/2021 Cking 60390 102121 Ferguson Enterprises #1550 1,950.00 06/18/2021 Cking 60391 0036 General Fire Equipment Co., Inc. 448.80 06/18/2021 Cking 60392 102281 Gray's 4,107.20 06/18/2021 Cking 60393 0042 Heiser Automotive Group 601.90 06/18/2021 Cking 60394 102642 Interstate Billing Service, Inc 2,333.62 06/18/2021 Cking 60395 102659 Jacobus Energy 1,628.20 06/18/2021 Cking 60396 MISC01 KEEGAN & JENNIFER PRENDERGAST 209.60 06/18/2021 Cking 60397 102129 KWK Electric Inc 320.00 06/18/2021 Cking 60398 0048 Lakeside International Truck 17,110.18 06/18/2021 Cking 60399 101948 Leader Towing 135.00 06/18/2021 Cking 60400 0105 LexisNexis Risk Data Mgmt Inc. 150.00 06/18/2021 Cking 60401 102710 MacQueen Equipment 29.35 06/18/2021 Cking 60402 101757 Midwest Tape 322.77 06/18/2021 Cking 60403 102559 Milwaukee Journal Sentinel 204.78 06/18/2021 Cking 60404 102516 Motion & Control Enterprises LLC 183.31 06/18/2021 Cking 60405 102268 North Shore Water Commission 28,160.73 06/18/2021 Cking 60406 102636 Popp Dental Supply, LLC 35.88 06/18/2021 Cking 60407 101668 Proven Power, Inc. 229.97 06/18/2021 Cking 60408 101918 R.A. Smith National 1,000.00 06/18/2021 Cking 60409 102225 Sherwin Williams Co 130.48 06/18/2021 Cking 60410 102225 Sherwin Williams Co 115.72 06/18/2021 Cking 60411 101938 Sirchie 79.33 06/18/2021 Cking 60412 102481 Smart Interactive Media, LLC 265.00 06/18/2021 Cking 60413 0072 Streicher's 2,790.41 06/18/2021 Cking 60414 0103 TASC 230.30 06/18/2021 Cking 60415 101634 The Office Technology Group 154.96 06/18/2021 Cking 60416 102007 The Sigma Group, Inc 2,607.50 06/18/2021 Cking 60417 102217 Total Energy Systems, LLC 569.60 06/18/2021 Cking 60418 102735 Truax Patient Services 375.00 06/18/2021 Cking 60419 0075 Village Ace Hardware 21.08 06/18/2021 Cking 60420 101786 Whitefish Bay School District 92.56 06/18/2021 Cking 60421 101671 WIL-KIL Pest Control 321.50 06/18/2021 Cking 60422 MISC01 Wisconsin Shoring & Supply Inc 1,491.20 06/18/2021 Cking 60423 102043 Yes Equipment & Services, Inc. 391.65 Total For 06/18/2021: 84,227.43
06/25/2021 Cking 60424 102569 Amazon Capital Services 913.16 06/25/2021 Cking 60425 0005 Andrew Chevrolet 61.58 06/25/2021 Cking 60426 0008 Associated Trust Company 950.00 06/25/2021 Cking 60427 0126 AT&T 92.05 06/25/2021 Cking 60428 0013 Bayside Garden Center 4,670.50 06/25/2021 Cking 60429 102543 Blackstone Publishing 280.00 06/25/2021 Cking 60430 102602 Brake & Equipment 432.04 06/25/2021 Cking 60431 101644 Bridge Tower OpCo, LLC 295.70 07/08/2021 08:59 AM CHECK REGISTER FOR VILLAGE OF WHITEFISH BAY Page: 3/3 User: JGKRUEGER CHECK DATE FROM 06/01/2021 - 06/30/2021 DB: Whitefish Bay Check Date Bank Check Vendor Vendor Name Amount 06/25/2021 Cking 60432 MISC01 Broad Reach 261.40 06/25/2021 Cking 60433 102583 Chris Jenson 180.00 06/25/2021 Cking 60434 102417 Chris Paape 60.00 06/25/2021 Cking 60435 101730 Christopher Zanger 120.00 06/25/2021 Cking 60436 102454 City of Milwaukee 27.25 06/25/2021 Cking 60437 102172 Clark Dietz, Inc 8,120.00 06/25/2021 Cking 60438 101926 Daniel Courtier 90.00 06/25/2021 Cking 60439 102079 David Hryniewicki 150.00 06/25/2021 Cking 60440 0081 Davis & Kuelthau, S.C. 785.00 06/25/2021 Cking 60441 102198 Delta Dental of Wisconsin 6,218.80 06/25/2021 Cking 60442 0026 Demco 103.64 06/25/2021 Cking 60443 101833 Erffmeyer & Sons Company, Inc. 145.00 06/25/2021 Cking 60444 102390 Eric Steiner 30.00 06/25/2021 Cking 60445 101676 GALE 108.61 06/25/2021 Cking 60446 101676 Gale 160.07 06/25/2021 Cking 60447 0036 General Fire Equipment Co., Inc. 88.75 06/25/2021 Cking 60448 102419 GreatAmerica Financial Svcs 93.00 06/25/2021 Cking 60449 102659 Jacobus Energy 1,069.25 06/25/2021 Cking 60450 102648 Jesse Barkow 210.00 06/25/2021 Cking 60451 102220 Johnson Controls 1,266.26 06/25/2021 Cking 60452 102596 Johnson Controls Fire Protection 587.00 06/25/2021 Cking 60453 102717 Kevin Kaegi 60.00 06/25/2021 Cking 60454 102665 Lannon Stone Products, Inc. 1,135.99 06/25/2021 Cking 60455 101630 Linda Small 75.00 06/25/2021 Cking 60456 102710 MacQueen Equipment 13,156.75 06/25/2021 Cking 60457 0054 MADACC 2.90 06/25/2021 Cking 60458 102401 MSC Industrial Supply Co 370.99 06/25/2021 Cking 60459 101867 Otis Elevator Company 618.93 06/25/2021 Cking 60460 101639 Patrick Murphy 30.00 06/25/2021 Cking 60461 101936 Paul Strom 150.00 06/25/2021 Cking 60462 102024 Paul Witte 90.00 06/25/2021 Cking 60463 101760 Purchase Power 802.99 06/25/2021 Cking 60464 102241 Ralph Zeit 60.00 06/25/2021 Cking 60465 MISC01 Ring & Duchateau 548.75 06/25/2021 Cking 60466 101680 Schwaab, Inc. 12.50 06/25/2021 Cking 60467 102225 Sherwin Williams Co 20.71 06/25/2021 Cking 60468 101675 Shoreline Contracting Services, Inc 75.00 06/25/2021 Cking 60469 102518 Shred-It, C/O Stericycle, Inc. 52.13 06/25/2021 Cking 60470 100402 Snap-On Tools 83.50 06/25/2021 Cking 60471 0075 Village Ace Hardware 49.37 06/25/2021 Cking 60472 0131 WEA Insurance Trust 120,040.62 06/25/2021 Cking 60473 101652 Westhofen Works, Inc. 498.00 06/25/2021 Cking 60474 101651 WM Recycle America 995.63 Total For 06/25/2021: 166,498.82
CKING TOTALS:
Total of 195 Disbursements: 456,019.74 Village of Whitefish Bay 5300 N. Marlborough Drive Whitefish Bay, Wisconsin 53217 Phone: 414-962-6690 Fax: 414-962-5651
Memorandum To: Paul Boening – Village Manager From: Erin Granstrom, Deputy Clerk Date: June 8, 2021 Re: Operator License Approval
Background The Village Board is the ruling body responsible for approving Operator License applications. Operator permits are renewed annually and the following permits would be valid from date of issuance through June 30, 2022.
Action Requested To approve the Bartender Licenses as listed
New Operator Permits
Gilberto Gallegos The City Market Isabel Mancl The City Market Lydia Crowley Sendik’s Food Market Andreas Guardalabene Moxie Ronald Villagomez Trouble & Sons Harrison Chalupka The City Market
Renewal Operator Permits
Alonzo Ramirez The City Market Daniel Clausius Sendik’s Food Market Debra Wroblewski Sendik’s Food Market Nicole Pundsack Sendik’s Food Market Armando Hart Sendik’s Food Market Jeffry West Sendik’s Food Market Travis VanEss Sendik’s Food Market
Analysis The bartender license applications listed above are being presented for approval. A background check has been performed and the applicants meet the requirements to hold a license in the Village of Whitefish Bay.
Staff recommends approval of the licenses as presented above for the remainder of the current license term (July 12, 2021 through June 30, 2022).
Application
Board or Commission Plan Commission Applying For
Name Julie P. Wilson
Email Address [email protected]
Address 4965 N. Diversey Blvd.
City Whitefish Bay
State WI
Zip Code 53217
Phone Number (414) 732-1128
Fax Number Field not completed.
Are you a registered voter Yes of Whitefish Bay?
How long? 20 years
Have you attended a No meeting of this Board/Commission?
Present Employer City of Milwaukee
Job Title Assistant City Attorney
Previous Governmental N/A Bodies/Elective Offices Applicant Has Served
Position/Office Held Field not completed.
Dates Field not completed.
Civic or Charitable Wisconsin Breast Cancer Showhouse (Board member, 2020- Organizations 2021, and Committee Co-Chair 10+ years), Wisconsin Law Organization to Which Foundation (Fellow, 1 year), Eastern District of Wisconsin Bar Applicant Has Belonged Association (President 2017-18, Board member and Committee Chair 6+ years prior), State Bar of Wisconsin Government Lawyers Division (President, 2020-2021)
Position Held See above
Dates See above
Special Cooking, photography, reading Interests/Hobbies/Talents
College, Professional, Indiana University - Bloomington Vocational Schools Attended
Major Subject Political Science
Dates 8/1/1991 - 5/1/1995
Degree/Date B.A./1995
College, Professional, Indiana University Maurer School of Law, Bloomington Vocational Schools Attended
Major Subject Law
Dates 8/1/1996 - 5/1/1999
Degree/Date J.D./1999
College, Professional, Field not completed. Vocational Schools Attended
Major Subject Field not completed.
Dates Field not completed.
Degree/Date Field not completed.
Please state reasons why Serving on the Village of Whitefish Bay Plan Commission you want to become a would allow me to combine my professional interest in land use member of this Board or issues and my desire to be of service to my community. Commission, including what specific objectives you would be working toward as a member of this advisory board: (Attach second page if necessary)
Any other information JULIE P. WILSON which you feel would be https://www.linkedin.com/in/julie-wilson-b044098b/ useful to the Board of Trustees in reviewing LEGAL EXPERIENCE your application: (Attach City of Milwaukee – Office of the City Attorney, Milwaukee, WI 2nd page if necessary) Assistant City Attorney (February 2018 to present) • General Counsel to the Housing Authority of the City of Milwaukee (HACM). Provide litigation support and legal advice on wide range of issues including: mixed-finance real estate development projects; contract and procurement matters; claims and insurance matters; employment issues; federal regulatory and property management questions; and municipal matters. o Represented HACM on the project to redevelop the Milwaukee Soldiers Home on the grounds of the Zablocki VA Medical Center. This project between developer The Alexander Company and property manager HACM involves a long-term enhanced use lease with the U.S. Department of Veterans Affairs and the redevelopment of six historic buildings, while preserving historic details. The redevelopment will include 101 housing units for veterans and their families who are either homeless or at risk of homelessness, with onsite supportive services for veterans. The project has a $40 million projected cost and involved a novel blend of LIHTC, federal and state historic tax credits, grants, and other fundraising sources. o Leader of City Attorney’s Office Housing Team which in FY19 filed 181 eviction actions for the City of Milwaukee and HACM, obtaining 117 writs, and litigated 23 contested hearings and evidentiary hearings in eviction and money judgment matters. Engaged in novel legal and regulatory analysis relating to state and federal moratoria and CARES Act compliance. • Counsel to Board of Zoning Appeals of the City of Milwaukee. Support work of quasi-judicial Board during public hearings and defend all Board decisions in appeals to Wisconsin courts. • Appointed voting member of the City of Milwaukee Zoning Code Technical Committee, responsible for vetting legality and enforceability of proposed amendments to city zoning code. • Compliance counsel to City, Fire and Police Commission, and Chief of Police on Collins, et al. v. City of Milwaukee, et al., Settlement Agreement concerning stop and frisk practices.
Milwaukee County Office of Corporation Counsel, Milwaukee, WI Assistant Corporation Counsel (June 2014 to February 2018) • Responsible for all aspects of litigation and advice concerning public records and open meetings issues. Supervised team of six contract attorneys in six-month review of extensive set of potentially public records, and coordinated public release of records. • Provided elected officials and departments with public records and open meetings training. • Drafted extensive report concerning county physical records retention practices. • Developed significant public records request process improvements for high-volume offices. • Litigated federal civil rights cases on behalf of County and its elected officials and employees. • Responsible for investigating requests for mandamus by individuals aggrieved by determinations of municipalities within Milwaukee County, and for prosecution of such matters in the name of the State of Wisconsin.
Crivello Carlson, S.C., Milwaukee, WI Shareholder (July 2011 – June 2014); Associate (August 2005 to July 2011) • Represented Wisconsin counties, cities, towns and villages and their insurers in state and federal courts, and administrative forums, in all aspects of diverse, complex civil litigation and appellate matters. Handled matters from pre-suit investigations and recommendations as to settlement, all stages of discovery and dispositive motion practice, as well as informal and formal mediation efforts through trial and appeals. Responsibilities included preparing litigation budgets, strategy and status reports, and the review and approval of all client invoices. • Member of Municipal and Civil Rights Team that received U.S. News and World Report and Best Lawyers’ highest possible Tier 1 ranking for “Litigation – Municipal” in 2013 and 2014 • Recognized as a Rising Star by Wisconsin Super Lawyers peer survey in 2007 and 2013, a recognition extended to not more than 2.5% of lawyers statewide • Developed and delivered significant training for clients on diverse issues, including training of Jail Administrators through Wisconsin Departments of Justice and Corrections • Firm pro bono coordinator
United States District Court for the Eastern District of Wisconsin, Milwaukee, WI Pro Se Law Clerk (December 2002 to August 2005) • Staff attorney to five Article III and three United States Magistrate Judges • Responsible for case management of approximately one-half of all pro se prisoner civil rights cases filed pursuant to 42 U.S.C. § 1983 from filing of in forma pauperis petitions and complaints, through case closing. Extensive legal research and initial drafting of orders on all substantive matters, including as to pendant jurisdiction claims.
First Judicial District of Wisconsin, Milwaukee County Circuit Court, Milwaukee, WI Law Clerk, Civil Division (December 2000 to December 2002) • Analyzed all dispositive and complicated procedural and evidentiary motions in full range of civil cases, conduct legal research, and draft bench memoranda and draft orders to assist court in hearings and decisional process • Analyze briefs and underlying record in administrative reviews proceedings, including those pursuant to Wis. Stat. Ch. 227, and draft orders to assist court in decisional process
LEADERSHIP EXPERIENCE
Eastern District of Wisconsin Bar Association • President, 2017 to 2018, and Executive Committee Member, 2011 to 2017 • Chair of Bylaws Revision Committee, 2017 • Program Committee member, "The Civil Rights Act of 1964: Fifty Years Later," 2014 • Program Committee member, “The Promise of the Fair Housing Act 50 Years Later: A Look at the Past, Present and Future,” 2018 • Charles N. Clevert, Jr. Mentoring Program, Mentor to High School student, 2013-2014 • Evans Humor and Creativity in Law Competition, Committee Member, 2012 to present • Newsletter Committee Co-Chair, 2010 to 2013, and Member, 2007 to 2010
State Bar of Wisconsin Board of Governors (BOG) • Governor, representative of Government Lawyers Division, July 2020 to present • BOG Executive Committee, July 2020 to present • BOG Policy Committee, July 2020 to present
State Bar of Wisconsin Government Lawyers Division • President, July 2020 to present • President Elect, July 2019 to June 2020 • Treasurer, July 2017 to June 2019 • Board Member, January 2016 to June 2017 • Continuing Legal Education Committee - Chair, January 2019 to present and Member, December 2016 to present
Thomas E. Fairchild Inn of Court • Barrister Member • Executive Committee Member and Membership Committee Member
Serjeants’ Inn • Member, April 2015 to present
United States District Court for the Eastern District of Wisconsin Local Rules Committee • Member, January 2016 to present
United States District Court for the Eastern District of Wisconsin – Special Committees • Appointed member of Civil Recovery Committee, formed by Chief Judge Pepper to explore how the court will resume in-person proceedings as the COVID-19 public health emergency permits. • Appointed member of Committee to Study Alternatives to a proposed Mandatory Pro Bono Rule
Wisconsin Law Foundation, Life Fellow
Wisconsin Breast Cancer Showhouse, Board Member, October 2019 to present
State Bar of Wisconsin High School Mock Trial Program • Cumulative 10 years of experience as attorney coach, 5 years as co-head attorney coach for Whitefish Bay High • Recipient of June 2018 Excellence in Education Award from Milwaukee Public Schools Board of Director for work in developing teams at MPS high schools
EDUCATION
Juris Doctor - Indiana University Maurer School of Law, Bloomington, IN • Scribe Award for Excellence in Legal Writing, 1996-1997 • Recipient of Scholarship for Outstanding Class Contribution, 1999
Bachelor of Arts (Political Science major and History minor) - Indiana University, Bloomington, IN
Are you or a member of No your family associated with any Organization/Employment that might be deemed a conflict of interest in performing your duties if appointed to this position?
If yes, please state name Field not completed. of Organization/Employment
Do you have any relatives No working or serving for the Village of Whitefish Bay?
If yes, please indicate the Field not completed. name and relationship of the person
Would you be willing to Yes abstain from voting on matters where a potential conflict of interest exists? Have you been convicted No of a felony or misdemeanor?
If yes, explain convictions Field not completed.
How did you hear about I learned of the opening through a Village email. the opening on this Commission?
Signature of Applicant Julie P. Wilson
Date 5/28/2021
From: John Thomsen
Hi Paul,
I hope you are doing well. School Board Member Sandy Saltzstein will be our representative on the WFB Library Board. Is there any action the Village needs to take in order for that to happen?
Please advise,
JT
-- Dr. John W. Thomsen - District Administrator School District of Whitefish Bay 1200 East Fairmount Ave. Whitefish Bay, WI 53217 414.963.3901 Strengths Finder: Achiever, Arranger, Discipline, Concept, Simulator, Relater
Application for Temporary Class "B"/"Class B" Retailer's License
See Additional Information on reverse side. Contact the municipal clerk if you have questions.
Application Date:
County of l'\s\syasA'tes(a
ThHamed organization applies for: (check appropriate box(es)
at the premises described below during a special event beginning 7/z,4 / 2 S and ending " /2 '4 / 21 and agrees to comply with all laws, resolutions, ordinances and regulations (state, federal or local) affecting the sale of fermented malt beverages and/or wine if the license is granted
1. Organization (check appropriate box) -) @ Church € Lodge/Society 0 Chamber of Commerce or similar Civic or Trade Organization OVeteran's Organization 0 Fair Association L-rrl'L L € h €i
(d) If corporation, give date of incorporation S / I q / 2 Qt 3 (e) If the nar;ped organization is not required to hold a Wisconsin seller's permit pursuant to s. 77.54 (7m), Wis. Stats., check this box (f) Names and addresses of all officers:
Treasurer
(g) Name and address of manager or person in charge of affair: k 5 5 z s 7
2. LocationofPremisesWhereBeerand/orWineWillBeSold,Served,Consumed,orStored,andAreasWhereAlcohol Beverage Records Will be Stored: (a) Streetnumber (,3 o0 r. S'3 2 i "7 (b) Lot Block (C) Do premises occupy all or part of building? h5, (d) If part of building, describe fully all premises covered under this application, which floor or floors, or room or rooms, license is
3. Name of Event (a) List name of the event (b) DatesOfevent 7/2-% /'21 """" r ""
DECLARATION The Officer(s) of the organization, individually and together, declare under penalties of law that the information provided in this applica- tion is true and correct to the best of their knowledge and belief.
Officer
Officer
Date Filed with Clerk Date Reported to Council or Board
Date Granted by Council License No.
AT-315 (R. 11-15) Wisconsin Department of Revenue Application for Temporary Class "B" / "Class B" Retailer's License
See Additional Information on reverse side. Contact the municipal clerk if you have questions. Application Date: LX)I !/ Q O ;)
The named organization applies for: (check appropriate box(es)
and/or wine if the license is granted.
1. Organization (chechappropriatebox) (check appropriate box) -+-> 0 Bona fide Club .gChurch € Lodge/Society @ Chamber of Commerce or similar Civic or Trade Organization [2]Veteran's Organization 0 Fair Association (a) Name Sb- poyu@a ";%B Is'vt (b) AddreSS '5tr,kS Y S=assta Hir>i('zt 1ESWd, , k t=qihp€ t'h eav, b0% 2552-l 'l - - (S'eet) @ Town 5 Village @ City i' (c) Date organized ] 'I Z'5 (d) If corporation, give date of incorporation
(e) If the named organization is not required to hold a Wisconsin seller's permit pursuant to s. 77.Fri4 (7m), Wis. Stats., check this bOX- € (f)
Vice President
2. Location of Premises Where Beer and/or Wine Will Be Sold, Served, Consumed, or Stored, and Areas Where Alcohol Beverage Records Will be Stored:
(b)Lot Block
(c) Do premises occupy all or part of building?
(d) If part of building, describe fully all premises covered under this application, which floor or floors, or room or rooms, license is to cover:
3.
DECLARATION
The Officer(s) of the organization, individually and together, declare under penalties of law that the information provided in this applica-
Officer 73 ;,; (ea) (Signature/date)
Date Filed with Clerk Date Reported to Council or Board
Date Granted by Counci! License No.
AT-315(R 11-15) Wisconsin Department of Revenue Village of Whitefish Bay 5300 N. Marlborough Drive Whitefish Bay, Wisconsin 53217
Memorandum To: Paul Boening, Village Manager From: Jaimie Krueger, Finance Director/Clerk Date: June 29, 2021 Re: 2021B Bond Issue ______
Background At the Village Board meeting on June 7th, the Board approved an initial resolution providing for the sale of approximately $1,175,000 in general obligation refunding bonds to refund the 2013C Sewer Revenue Bonds.
On June 22nd, Village staff, along with Ehlers, presented to Moody’s Investor Services the Village’s audited financials for 2020, as well as any changes to budget or capital improvement plans since our last called with Moody’s on February 9th. The presentation went very well and the Village once again received a rating of Aa1 (rated as high quality and very low credit risk).
Procedure The sale of the bond is scheduled for Monday, July 12th. If the Board elects to move forward with the 2021B bond issue, a Resolution Awarding the Issuance and Sale of General Obligation Refunding Bonds needs approval. Enclosed is a draft resolutions. Dawn Gunderson Schiel from Ehlers will bring the final resolution to Monday’s meeting after the final sale.
Recommendation Staff recommends the Village Board approve the resolutions awarding the issuance and sale of $1,175,000 general obligation refunding bonds by roll call vote.
1
RESOLUTION NO. 3092
RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF $1,175,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2021B
WHEREAS, on June 7, 2021, the Village Board of the Village of Whitefish Bay, Milwaukee County, Wisconsin (the "Village") adopted a resolution providing for the sale of General Obligation Refunding Bonds, Series 2021B (the "Bonds") for the public purpose of refunding obligations of the Village, specifically, the Sewerage System Revenue Bonds, Series 2013C, dated April 9, 2013 (the "Refunded Obligations") (the "Refunding");
WHEREAS, the Village Board deems it to be necessary, desirable and in the best interest of the Village to refund the Refunded Obligations for the purpose of achieving debt service savings;
WHEREAS, the Village is authorized by the provisions of Section 67.04, Wisconsin Statutes, to borrow money and issue general obligation bonds to refinance its outstanding obligations; and
WHEREAS, it is the finding of the Village Board that it is necessary, desirable and in the best interest of the Village to sell such Bonds to Robert W. Baird & Co. Incorporated (the "Purchaser"), pursuant to the terms and conditions of the bond purchase agreement attached hereto as Exhibit A and incorporated herein by this reference (the "Proposal").
NOW, THEREFORE, BE IT RESOLVED by the Village Board of the Village that:
Section 1. Authorization and Sale of the Bonds. For the purpose of paying the cost of the Refunding, there shall be borrowed pursuant to Section 67.04, Wisconsin Statutes, the principal sum of ONE MILLION ONE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($1,175,000) from the Purchaser in accordance with the terms and conditions of the Proposal. The Proposal is hereby accepted and the President and Village Clerk or other appropriate officers of the Village are authorized and directed to execute an acceptance of the Proposal on behalf of the Village. To evidence the obligation of the Village, the President and Village Clerk are hereby authorized, empowered and directed to make, execute, issue and sell to the Purchaser for, on behalf of and in the name of the Village, the general obligation bonds aggregating the principal amount of ONE MILLION ONE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($1,175,000) for the sum set forth on the Proposal, plus accrued interest to the date of delivery.
Section 2. Terms of the Bonds. The Bonds shall be designated "General Obligation Refunding Bonds, Series 2021B"; shall be issued in the aggregate principal amount of $1,175,000; shall be dated July 29, 2021; shall be in the denomination of $5,000 or any integral multiple thereof; shall be numbered R-1 and upward; and shall bear interest at the rates per annum and mature on May 1 of each year, in the years and principal amounts as set forth on the Pricing Summary attached hereto as Exhibit B-1 and incorporated herein by this reference. Interest shall be payable semi-annually on May 1 and November 1 of each year commencing on
QB\68810168.1
November 1, 2021. Interest shall be computed upon the basis of a 360-day year of twelve 30- day months and will be rounded pursuant to the rules of the Municipal Securities Rulemaking Board. The schedule of principal and interest payments due on the Bonds is set forth on the Debt Service Schedule attached hereto as Exhibit B-2 and incorporated herein by this reference (the "Schedule").
Section 3. Redemption Provisions. The Bonds maturing on May 1, 2031 and thereafter are subject to redemption prior to maturity, at the option of the Village, on May 1, 2030 or on any date thereafter. Said Bonds are redeemable as a whole or in part, and if in part, from maturities selected by the Village, and within each maturity by lot, at the principal amount thereof, plus accrued interest to the date of redemption.
[If the Proposal specifies that any of the Bonds are subject to mandatory redemption, the terms of such mandatory redemption shall be set forth on an attachment hereto as Exhibit MRP and incorporated herein by this reference. Upon the optional redemption of any of the Bonds subject to mandatory redemption, the principal amount of such Bonds so redeemed shall be credited against the mandatory redemption payments established in Exhibit MRP for such Bonds in such manner as the Village shall direct.]
Section 4. Form of the Bonds. The Bonds shall be issued in registered form and shall be executed and delivered in substantially the form attached hereto as Exhibit C and incorporated herein by this reference.
Section 5. Tax Provisions.
(A) Direct Annual Irrepealable Tax Levy. For the purpose of paying the principal of and interest on the Bonds as the same becomes due, the full faith, credit and resources of the Village are hereby irrevocably pledged, and there is hereby levied upon all of the taxable property of the Village a direct annual irrepealable tax in the years 2021 through 2037 for the payments due in the years 2021 through 2038 in the amounts set forth on the Schedule. The amount of tax levied in the year 2021 shall be the total amount of debt service due on the Bonds in the years 2021 and 2022; provided that the amount of such tax carried onto the tax rolls shall be abated by any amounts appropriated pursuant to subsection (D) below which are applied to payment of interest on the Bonds in the year 2021.
(B) Tax Collection. So long as any part of the principal of or interest on the Bonds remains unpaid, the Village shall be and continue without power to repeal such levy or obstruct the collection of said tax until all such payments have been made or provided for. After the issuance of the Bonds, said tax shall be, from year to year, carried onto the tax roll of the Village and collected in addition to all other taxes and in the same manner and at the same time as other taxes of the Village for said years are collected, except that the amount of tax carried onto the tax roll may be reduced in any year by the amount of any surplus money in the Debt Service Fund Account created below.
(C) Additional Funds. If at any time there shall be on hand insufficient funds from the aforesaid tax levy to meet principal and/or interest payments on said Bonds when due,
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the requisite amounts shall be paid from other funds of the Village then available, which sums shall be replaced upon the collection of the taxes herein levied.
(D) Appropriation. The Village hereby appropriates from taxes levied in anticipation of the issuance of the Bonds, revenues collected to pay debt service on the Refunded Obligations or other funds of the Village on hand a sum sufficient to be irrevocably deposited in the segregated Debt Service Fund Account created below and used to pay interest on the Bonds coming due in 2021 as set forth on the Schedule.
Section 6. Segregated Debt Service Fund Account.
(A) Creation and Deposits. There be and there hereby is established in the treasury of the Village, if one has not already been created, a debt service fund, separate and distinct from every other fund, which shall be maintained in accordance with generally accepted accounting principles. Debt service or sinking funds established for obligations previously issued by the Village may be considered as separate and distinct accounts within the debt service fund.
Within the debt service fund, there hereby is established a separate and distinct account designated as the "Debt Service Fund Account for General Obligation Refunding Bonds, Series 2021B" (the "Debt Service Fund Account") and such account shall be maintained until the indebtedness evidenced by the Bonds is fully paid or otherwise extinguished. There shall be deposited into the Debt Service Fund Account (i) all accrued interest received by the Village at the time of delivery of and payment for the Bonds; (ii) any premium not used for the Refunding which may be received by the Village above the par value of the Bonds and accrued interest thereon; (iii) all money raised by the taxes herein levied and any amounts appropriated for the specific purpose of meeting principal of and interest on the Bonds when due; (iv) such other sums as may be necessary at any time to pay principal of and interest on the Bonds when due; (v) surplus monies in the Borrowed Money Fund as specified below; and (vi) such further deposits as may be required by Section 67.11, Wisconsin Statutes.
(B) Use and Investment. No money shall be withdrawn from the Debt Service Fund Account and appropriated for any purpose other than the payment of principal of and interest on the Bonds until all such principal and interest has been paid in full and the Bonds canceled; provided (i) the funds to provide for each payment of principal of and interest on the Bonds prior to the scheduled receipt of taxes from the next succeeding tax collection may be invested in direct obligations of the United States of America maturing in time to make such payments when they are due or in other investments permitted by law; and (ii) any funds over and above the amount of such principal and interest payments on the Bonds may be used to reduce the next succeeding tax levy, or may, at the option of the Village, be invested by purchasing the Bonds as permitted by and subject to Section 67.11(2)(a), Wisconsin Statutes, or in permitted municipal investments under the pertinent provisions of the Wisconsin Statutes ("Permitted Investments"), which investments shall continue to be a part of the Debt Service Fund Account. Any investment of the Debt Service Fund Account shall at all times conform with the provisions of the Internal Revenue Code of 1986, as amended (the "Code") and any applicable Treasury Regulations (the "Regulations").
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(C) Remaining Monies. When all of the Bonds have been paid in full and canceled, and all Permitted Investments disposed of, any money remaining in the Debt Service Fund Account shall be transferred and deposited in the general fund of the Village, unless the Village Board directs otherwise.
Section 7. Proceeds of the Bonds; Segregated Borrowed Money Fund. The proceeds of the Bonds (the "Bond Proceeds") (other than any premium not used for the Refunding and accrued interest which must be paid at the time of the delivery of the Bonds into the Debt Service Fund Account created above) shall be deposited into a special fund (the "Borrowed Money Fund") separate and distinct from all other funds of the Village and disbursed solely for the purpose or purposes for which borrowed. Monies in the Borrowed Money Fund may be temporarily invested in Permitted Investments. Any monies, including any income from Permitted Investments, remaining in the Borrowed Money Fund after the purpose or purposes for which the Bonds have been issued have been accomplished, and, at any time, any monies as are not needed and which obviously thereafter cannot be needed for such purpose(s) shall be deposited in the Debt Service Fund Account.
Section 8. No Arbitrage. All investments made pursuant to this Resolution shall be Permitted Investments, but no such investment shall be made in such a manner as would cause the Bonds to be "arbitrage bonds" within the meaning of Section 148 of the Code or the Regulations and an officer of the Village, charged with the responsibility for issuing the Bonds, shall certify as to facts, estimates, circumstances and reasonable expectations in existence on the date of delivery of the Bonds to the Purchaser which will permit the conclusion that the Bonds are not "arbitrage bonds," within the meaning of the Code or Regulations.
Section 9. Compliance with Federal Tax Laws. (a) The Village represents and covenants that the projects financed by the Bonds and by the Refunded Obligations and the ownership, management and use of the projects will not cause the Bonds and the Refunded Obligations to be "private activity bonds" within the meaning of Section 141 of the Code. The Village further covenants that it shall comply with the provisions of the Code to the extent necessary to maintain the tax-exempt status of the interest on the Bonds including, if applicable, the rebate requirements of Section 148(f) of the Code. The Village further covenants that it will not take any action, omit to take any action or permit the taking or omission of any action within its control (including, without limitation, making or permitting any use of the proceeds of the Bonds) if taking, permitting or omitting to take such action would cause any of the Bonds to be an arbitrage bond or a private activity bond within the meaning of the Code or would otherwise cause interest on the Bonds to be included in the gross income of the recipients thereof for federal income tax purposes. The Village Clerk or other officer of the Village charged with the responsibility of issuing the Bonds shall provide an appropriate certificate of the Village certifying that the Village can and covenanting that it will comply with the provisions of the Code and Regulations.
(b) The Village also covenants to use its best efforts to meet the requirements and restrictions of any different or additional federal legislation which may be made applicable to the Bonds provided that in meeting such requirements the Village will do so only to the extent
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consistent with the proceedings authorizing the Bonds and the laws of the State of Wisconsin and to the extent that there is a reasonable period of time in which to comply.
Section 10. Designation as Qualified Tax-Exempt Obligations. The Bonds are hereby designated as "qualified tax-exempt obligations" for purposes of Section 265 of the Code, relating to the ability of financial institutions to deduct from income for federal income tax purposes, interest expense that is allocable to carrying and acquiring tax-exempt obligations.
Section 11. Execution of the Bonds; Closing; Professional Services. The Bonds shall be issued in printed form, executed on behalf of the Village by the manual or facsimile signatures of the President and Village Clerk, authenticated, if required, by the Fiscal Agent (defined below), sealed with its official or corporate seal, if any, or a facsimile thereof, and delivered to the Purchaser upon payment to the Village of the purchase price thereof, plus accrued interest to the date of delivery (the "Closing"). The facsimile signature of either of the officers executing the Bonds may be imprinted on the Bonds in lieu of the manual signature of the officer but, unless the Village has contracted with a fiscal agent to authenticate the Bonds, at least one of the signatures appearing on each Bond shall be a manual signature. In the event that either of the officers whose signatures appear on the Bonds shall cease to be such officers before the Closing, such signatures shall, nevertheless, be valid and sufficient for all purposes to the same extent as if they had remained in office until the Closing. The aforesaid officers are hereby authorized and directed to do all acts and execute and deliver the Bonds and all such documents, certificates and acknowledgements as may be necessary and convenient to effectuate the Closing. The Village hereby authorizes the officers and agents of the Village to enter into, on its behalf, agreements and contracts in conjunction with the Bonds, including but not limited to agreements and contracts for legal, trust, fiscal agency, disclosure and continuing disclosure, and rebate calculation services. Any such contract heretofore entered into in conjunction with the issuance of the Bonds is hereby ratified and approved in all respects.
Section 12. Payment of the Bonds; Fiscal Agent. The principal of and interest on the Bonds shall be paid by Associated Trust Company, National Association, Green Bay, Wisconsin, which is hereby appointed as the Village's registrar and fiscal agent pursuant to the provisions of Section 67.10(2), Wisconsin Statutes (the "Fiscal Agent"). The Village hereby authorizes the President and Village Clerk or other appropriate officers of the Village to enter a Fiscal Agency Agreement between the Village and the Fiscal Agent. Such contract may provide, among other things, for the performance by the Fiscal Agent of the functions listed in Wis. Stats. Sec. 67.10(2)(a) to (j), where applicable, with respect to the Bonds.
Section 13. Persons Treated as Owners; Transfer of Bonds. The Village shall cause books for the registration and for the transfer of the Bonds to be kept by the Fiscal Agent. The person in whose name any Bond shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes and payment of either principal or interest on any Bond shall be made only to the registered owner thereof. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid.
Any Bond may be transferred by the registered owner thereof by surrender of the Bond at the office of the Fiscal Agent, duly endorsed for the transfer or accompanied by an assignment duly executed by the registered owner or his attorney duly authorized in writing. Upon such
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transfer, the President and Village Clerk shall execute and deliver in the name of the transferee or transferees a new Bond or Bonds of a like aggregate principal amount, series and maturity and the Fiscal Agent shall record the name of each transferee in the registration book. No registration shall be made to bearer. The Fiscal Agent shall cancel any Bond surrendered for transfer.
The Village shall cooperate in any such transfer, and the President and Village Clerk are authorized to execute any new Bond or Bonds necessary to effect any such transfer.
Section 14. Record Date. The 15th day of the calendar month next preceding each interest payment date shall be the record date for the Bonds (the "Record Date"). Payment of interest on the Bonds on any interest payment date shall be made to the registered owners of the Bonds as they appear on the registration book of the Village at the close of business on the Record Date.
Section 15. Utilization of The Depository Trust Company Book-Entry-Only System. In order to make the Bonds eligible for the services provided by The Depository Trust Company, New York, New York ("DTC"), the Village agrees to the applicable provisions set forth in the Blanket Issuer Letter of Representations, which the Village Clerk or other authorized representative of the Village is authorized and directed to execute and deliver to DTC on behalf of the Village to the extent an effective Blanket Issuer Letter of Representations is not presently on file in the Village Clerk's office.
Section 16. Payment of Issuance Expenses. The Village authorizes the Purchaser to forward the amount of the proceeds of the Bonds allocable to the payment of issuance expenses to Old National Bank at Closing for further distribution as directed by the Village's financial advisor, Ehlers & Associates, Inc.
Section 17. Official Statement. The Village Board hereby approves the Preliminary Official Statement with respect to the Bonds and deems the Preliminary Official Statement as "final" as of its date for purposes of SEC Rule 15c2-12 promulgated by the Securities and Exchange Commission pursuant to the Securities and Exchange Act of 1934 (the "Rule"). All actions taken by officers of the Village in connection with the preparation of such Preliminary Official Statement and any addenda to it or final Official Statement are hereby ratified and approved. In connection with the Closing, the appropriate Village official shall certify the Preliminary Official Statement and any addenda or final Official Statement. The Village Clerk shall cause copies of the Preliminary Official Statement and any addenda or final Official Statement to be distributed to the Purchaser.
Section 18. Undertaking to Provide Continuing Disclosure. The Village hereby covenants and agrees, for the benefit of the owners of the Bonds, to enter into a written undertaking (the "Undertaking") if required by the Rule to provide continuing disclosure of certain financial information and operating data and timely notices of the occurrence of certain events in accordance with the Rule. The Undertaking shall be enforceable by the owners of the Bonds or by the Purchaser on behalf of such owners (provided that the rights of the owners and the Purchaser to enforce the Undertaking shall be limited to a right to obtain specific
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performance of the obligations thereunder and any failure by the Village to comply with the provisions of the Undertaking shall not be an event of default with respect to the Bonds).
To the extent required under the Rule, the President and Village Clerk, or other officer of the Village charged with the responsibility for issuing the Bonds, shall provide a Continuing Disclosure Certificate for inclusion in the transcript of proceedings, setting forth the details and terms of the Village's Undertaking.
Section 19. Redemption of the Refunded Obligations. The Refunded Obligations are hereby called for prior payment and redemption on August 19, 2021 at a price of par plus accrued interest to the date of redemption.
The Village hereby directs the Village Clerk to work with Ehlers to cause timely notice of redemption, in substantially the form attached hereto as Exhibit D and incorporated herein by this reference (the "Notice"), to be provided at the times, to the parties and in the manner set forth on the Notice. Any and all actions heretofore taken by the officers and agents of the Village to effectuate the redemption of the Refunded Obligations are hereby ratified and approved.
Section 20. Record Book. The Village Clerk shall provide and keep the transcript of proceedings as a separate record book (the "Record Book") and shall record a full and correct statement of every step or proceeding had or taken in the course of authorizing and issuing the Bonds in the Record Book.
Section 21. Bond Insurance. If the Purchaser determines to obtain municipal bond insurance with respect to the Bonds, the officers of the Village are authorized to take all actions necessary to obtain such municipal bond insurance. The President and Village Clerk are authorized to agree to such additional provisions as the bond insurer may reasonably request and which are acceptable to the President and Village Clerk including provisions regarding restrictions on investment of Bond proceeds, the payment procedure under the municipal bond insurance policy, the rights of the bond insurer in the event of default and payment of the Bonds by the bond insurer and notices to be given to the bond insurer. In addition, any reference required by the bond insurer to the municipal bond insurance policy shall be made in the form of Bond provided herein.
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Section 22. Conflicting Resolutions; Severability; Effective Date. All prior resolutions, rules or other actions of the Village Board or any parts thereof in conflict with the provisions hereof shall be, and the same are, hereby rescinded insofar as the same may so conflict. In the event that any one or more provisions hereof shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provisions hereof. The foregoing shall take effect immediately upon adoption and approval in the manner provided by law.
Adopted, approved and recorded July 12, 2021.
______Kevin Buckley President ATTEST:
______Jaimie Krueger Village Clerk (SEAL)
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EXHIBIT A
Bond Purchase Proposal
To be provided by the Purchaser and incorporated into the Resolution.
(See Attached)
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EXHIBIT B-1
Pricing Summary
To be provided by Ehlers & Associates, Inc. and incorporated into the Resolution.
(See Attached)
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EXHIBIT B-2
Debt Service Schedule and Irrepealable Tax Levies
To be provided by Ehlers & Associates, Inc. and incorporated into the Resolution.
(See Attached)
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[EXHIBIT MRP
Mandatory Redemption Provision
The Bonds due on May 1, ____, ____ and ____ (the "Term Bonds") are subject to mandatory redemption prior to maturity by lot (as selected by the Depository) at a redemption price equal to One Hundred Percent (100%) of the principal amount to be redeemed plus accrued interest to the date of redemption, from debt service fund deposits which are required to be made in amounts sufficient to redeem on May 1 of each year the respective amount of Term Bonds specified below:
For the Term Bonds Maturing on May 1,
Redemption Date Amount ____ $______(maturity)
For the Term Bonds Maturing on May 1,
Redemption Date Amount ____ $______(maturity)
For the Term Bonds Maturing on May 1,
Redemption Date Amount ____ $______(maturity)
For the Term Bonds Maturing on May 1,
Redemption Date Amount ____ $______(maturity)]
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EXHIBIT C
(Form of Bond)
UNITED STATES OF AMERICA REGISTERED STATE OF WISCONSIN DOLLARS MILWAUKEE COUNTY NO. R-___ VILLAGE OF WHITEFISH BAY $______GENERAL OBLIGATION REFUNDING BOND, SERIES 2021B
MATURITY DATE: ORIGINAL DATE OF ISSUE: INTEREST RATE: CUSIP:
May 1, _____ July 29, 2021 ____% ______
DEPOSITORY OR ITS NOMINEE NAME: CEDE & CO.
PRINCIPAL AMOUNT: ______THOUSAND DOLLARS ($______)
FOR VALUE RECEIVED, the Village of Whitefish Bay, Milwaukee County, Wisconsin (the "Village"), hereby acknowledges itself to owe and promises to pay to the Depository or its Nominee Name (the "Depository") identified above (or to registered assigns), on the maturity date identified above, the principal amount identified above, and to pay interest thereon at the rate of interest per annum identified above, all subject to the provisions set forth herein regarding redemption prior to maturity. Interest shall be payable semi-annually on May 1 and November 1 of each year commencing on November 1, 2021 until the aforesaid principal amount is paid in full. Both the principal of and interest on this Bond are payable to the registered owner in lawful money of the United States. Interest payable on any interest payment date shall be paid by wire transfer to the Depository in whose name this Bond is registered on the Bond Register maintained by Associated Trust Company, National Association, Green Bay, Wisconsin (the "Fiscal Agent") or any successor thereto at the close of business on the 15th day of the calendar month next preceding each interest payment date (the "Record Date"). This Bond is payable as to principal upon presentation and surrender hereof at the office of the Fiscal Agent.
For the prompt payment of this Bond together with interest hereon as aforesaid and for the levy of taxes sufficient for that purpose, the full faith, credit and resources of the Village are hereby irrevocably pledged.
This Bond is one of an issue of Bonds aggregating the principal amount of $1,175,000, all of which are of like tenor, except as to denomination, interest rate, maturity date and redemption provision, issued by the Village pursuant to the provisions of Section 67.04, Wisconsin Statutes, for the public purpose of refunding certain obligations of the Village, as authorized by a resolution adopted on July 12, 2021 (the "Resolution"). The Resolution is recorded in the official minutes of the Village Board for said date.
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The Bonds maturing on May 1, 2031 and thereafter are subject to redemption prior to maturity, at the option of the Village, on May 1, 2030 or on any date thereafter. Said Bonds are redeemable as a whole or in part, and if in part, from maturities selected by the Village, and within each maturity by lot (as selected by the Depository), at the principal amount thereof, plus accrued interest to the date of redemption.
[The Bonds maturing in the years ______are subject to mandatory redemption by lot as provided in the Resolution referred to above, at the redemption price of par plus accrued interest to the date of redemption and without premium.]
In the event the Bonds are redeemed prior to maturity, as long as the Bonds are in book-entry-only form, official notice of the redemption will be given by mailing a notice by registered or certified mail, overnight express delivery, facsimile transmission, electronic transmission or in any other manner required by the Depository, to the Depository not less than thirty (30) days nor more than sixty (60) days prior to the redemption date. If less than all of the Bonds of a maturity are to be called for redemption, the Bonds of such maturity to be redeemed will be selected by lot. Such notice will include but not be limited to the following: the designation, date and maturities of the Bonds called for redemption, CUSIP numbers, and the date of redemption. Any notice provided as described herein shall be conclusively presumed to have been duly given, whether or not the registered owner receives the notice. The Bonds shall cease to bear interest on the specified redemption date provided that federal or other immediately available funds sufficient for such redemption are on deposit at the office of the Depository at that time. Upon such deposit of funds for redemption the Bonds shall no longer be deemed to be outstanding.
It is hereby certified and recited that all conditions, things and acts required by law to exist or to be done prior to and in connection with the issuance of this Bond have been done, have existed and have been performed in due form and time; that the aggregate indebtedness of the Village, including this Bond and others issued simultaneously herewith, does not exceed any limitation imposed by law or the Constitution of the State of Wisconsin; and that a direct annual irrepealable tax has been levied sufficient to pay this Bond, together with the interest thereon, when and as payable.
This Bond has been designated by the Village Board as a "qualified tax-exempt obligation" pursuant to the provisions of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended.
This Bond is transferable only upon the books of the Village kept for that purpose at the office of the Fiscal Agent, only in the event that the Depository does not continue to act as depository for the Bonds, and the Village appoints another depository, upon surrender of the Bond to the Fiscal Agent, by the registered owner in person or his duly authorized attorney, together with a written instrument of transfer (which may be endorsed hereon) satisfactory to the Fiscal Agent duly executed by the registered owner or his duly authorized attorney. Thereupon a new fully registered Bond in the same aggregate principal amount shall be issued to the new depository in exchange therefor and upon the payment of a charge sufficient to reimburse the Village for any tax, fee or other governmental charge required to be paid with respect to such
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registration. The Fiscal Agent shall not be obliged to make any transfer of the Bonds (i) after the Record Date, (ii) during the fifteen (15) calendar days preceding the date of any publication of notice of any proposed redemption of the Bonds, or (iii) with respect to any particular Bond, after such Bond has been called for redemption. The Fiscal Agent and Village may treat and consider the Depository in whose name this Bond is registered as the absolute owner hereof for the purpose of receiving payment of, or on account of, the principal or redemption price hereof and interest due hereon and for all other purposes whatsoever. The Bonds are issuable solely as negotiable, fully-registered Bonds without coupons in the denomination of $5,000 or any integral multiple thereof.
This Bond shall not be valid or obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Fiscal Agent.
No delay or omission on the part of the owner hereof to exercise any right hereunder shall impair such right or be considered as a waiver thereof or as a waiver of or acquiescence in any default hereunder.
IN WITNESS WHEREOF, the Village of Whitefish Bay, Milwaukee County, Wisconsin, by its governing body, has caused this Bond to be executed for it and in its name by the manual or facsimile signatures of its duly qualified President and Village Clerk; and to be sealed with its official or corporate seal, if any, all as of the original date of issue specified above.
VILLAGE OF WHITEFISH BAY MILWAUKEE COUNTY, WISCONSIN
By: ______Kevin Buckley President
(SEAL)
By: ______Jaimie Krueger Village Clerk
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Date of Authentication: ______, ______
CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds of the issue authorized by the within-mentioned Resolution of the Village of Whitefish Bay, Milwaukee County, Wisconsin.
ASSOCIATED TRUST COMPANY, NATIONAL ASSOCIATION, GREEN BAY, WISCONSIN
By______Authorized Signatory
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ASSIGNMENT
FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto ______(Name and Address of Assignee)
______(Social Security or other Identifying Number of Assignee) the within Bond and all rights thereunder and hereby irrevocably constitutes and appoints ______, Legal Representative, to transfer said Bond on the books kept for registration thereof, with full power of substitution in the premises.
Dated: ______
Signature Guaranteed:
______(e.g. Bank, Trust Company (Depository or Nominee Name) or Securities Firm)
NOTICE: This signature must correspond with the name of the Depository or Nominee Name as it appears upon the face of the within Bond in every particular, without alteration or enlargement or any change whatever.
______(Authorized Officer)
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EXHIBIT D
NOTICE OF FULL CALL*
VILLAGE OF WHITEFISH BAY MILWAUKEE COUNTY, WISCONSIN SEWERAGE SYSTEM REVENUE BONDS, SERIES 2013C, DATED APRIL 9, 2013
NOTICE IS HEREBY GIVEN that the Bonds of the above-referenced issue which mature on the dates and in the amounts; bear interest at the rates; and have CUSIP Nos. as set forth below have been called for prior payment on August 19, 2021 at a redemption price equal to 100% of the principal amount thereof plus accrued interest to the date of prepayment:
Maturity Date Principal Amount Interest Rate CUSIP No. 05/01/2023 $120,000 2.50% 964803AK6 05/01/2025 130,000 3.00 964803AM2 05/01/2027 135,000 3.20 964803AP5 05/01/2029 145,000 3.35 964803AR1 05/01/2031 150,000 3.50 964803AT7 05/01/2034 245,000 3.60 964803AW0 05/01/2038 355,000 3.70 964803BA7
Upon presentation and surrender of said Bonds to Associated Trust Company, National Association, Green Bay, Wisconsin, the registrar and fiscal agent for said Bonds, the registered owners thereof will be paid the principal amount of the Bonds plus accrued interest to the date of prepayment.
Said Bonds will cease to bear interest on August 19, 2021.
By Order of the Village Board Village of Whitefish Bay Village Clerk
Dated ______
* To be provided to Associated Trust Company, National Association, Green Bay, Wisconsin at least thirty-five (35) days prior to August 19, 2021. The registrar and fiscal agent shall be directed to give notice of such prepayment by registered or certified mail, overnight express delivery, facsimile transmission, electronic transmission or in any other manner required by The Depository Trust Company, to The Depository Trust Company, Attn: Supervisor, Call Notification Department, 570 Washington Blvd., Jersey City, NJ 07310, not less than thirty (30) days nor more than sixty (60) days prior to August 19, 2021 and to the MSRB electronically through the Electronic Municipal Market Access (EMMA) System website at www.emma.msrb.org.
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Village of Whitefish Bay, Wisconsin $1,175,000 GO Refunding Bonds SINGLE PURPOSE Dated: July 29, 2021 Assumes Baird scale of 052421
Sources & Uses Dated 07/29/2021 | Delivered 07/29/2021
Sources Of Funds Par Amount of Bonds $1,175,000.00 Reoffering Premium 68,310.15 Transfers from Prior Issue Debt Service Funds 13,719.03 Transfers from Prior Issue DSR Funds 105,232.50
Total Sources $1,362,261.68
Uses Of Funds Total Underwriter's Discount (1.200%) 14,100.00 Municipal Advisor 16,000.00 Disclosure Counsel....firm 05 26 21 6,450.00 Bond Counsel firm 05 26 21 10,750.00 Paying Agent Associated 850.00 Rating Agency Fee 13,500.00 Deposit to Current Refunding Fund 1,292,984.75 Excess Premium 6,660.15 Rounding Amount 966.78
Total Uses $1,362,261.68
prop21B CR 2013C Sew Rev | SINGLE PURPOSE | 5/26/2021 | 11:59 AM
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Village of Whitefish Bay, Wisconsin $1,175,000 GO Refunding Bonds SINGLE PURPOSE Dated: July 29, 2021 Assumes Baird scale of 052421
Debt Service Schedule
Date Principal Coupon Interest Total P+I Fiscal Total 07/29/2021 ----- 11/01/2021 - - 7,922.22 7,922.22 7,922.22 05/01/2022 55,000.00 3.000% 15,500.00 70,500.00 - 11/01/2022 - - 14,675.00 14,675.00 85,175.00 05/01/2023 55,000.00 3.000% 14,675.00 69,675.00 - 11/01/2023 - - 13,850.00 13,850.00 83,525.00 05/01/2024 60,000.00 4.000% 13,850.00 73,850.00 - 11/01/2024 - - 12,650.00 12,650.00 86,500.00 05/01/2025 60,000.00 4.000% 12,650.00 72,650.00 - 11/01/2025 - - 11,450.00 11,450.00 84,100.00 05/01/2026 60,000.00 4.000% 11,450.00 71,450.00 - 11/01/2026 - - 10,250.00 10,250.00 81,700.00 05/01/2027 70,000.00 4.000% 10,250.00 80,250.00 - 11/01/2027 - - 8,850.00 8,850.00 89,100.00 05/01/2028 70,000.00 4.000% 8,850.00 78,850.00 - 11/01/2028 - - 7,450.00 7,450.00 86,300.00 05/01/2029 75,000.00 2.000% 7,450.00 82,450.00 - 11/01/2029 - - 6,700.00 6,700.00 89,150.00 05/01/2030 70,000.00 2.000% 6,700.00 76,700.00 - 11/01/2030 - - 6,000.00 6,000.00 82,700.00 05/01/2031 70,000.00 2.000% 6,000.00 76,000.00 - 11/01/2031 - - 5,300.00 5,300.00 81,300.00 05/01/2032 75,000.00 2.000% 5,300.00 80,300.00 - 11/01/2032 - - 4,550.00 4,550.00 84,850.00 05/01/2033 75,000.00 2.000% 4,550.00 79,550.00 - 11/01/2033 - - 3,800.00 3,800.00 83,350.00 05/01/2034 75,000.00 2.000% 3,800.00 78,800.00 - 11/01/2034 - - 3,050.00 3,050.00 81,850.00 05/01/2035 75,000.00 2.000% 3,050.00 78,050.00 - 11/01/2035 - - 2,300.00 2,300.00 80,350.00 05/01/2036 80,000.00 2.000% 2,300.00 82,300.00 - 11/01/2036 - - 1,500.00 1,500.00 83,800.00 05/01/2037 75,000.00 2.000% 1,500.00 76,500.00 - 11/01/2037 - - 750.00 750.00 77,250.00 05/01/2038 75,000.00 2.000% 750.00 75,750.00 - 11/01/2038 ----75,750.00 Total $1,175,000.00 - $249,672.22 $1,424,672.22 -
Yield Statistics
Bond Year Dollars $10,862.78 Average Life 9.245 Years Average Coupon 2.2984197%
Net Interest Cost (NIC) 1.7993747% True Interest Cost (TIC) 1.7616412% Bond Yield for Arbitrage Purposes 1.5968015% All Inclusive Cost (AIC) 2.2505241%
IRS Form 8038 Net Interest Cost 1.6076812% Weighted Average Maturity 9.073 Years prop21B CR 2013C Sew Rev | SINGLE PURPOSE | 5/26/2021 | 11:59 AM
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Village of Whitefish Bay, Wisconsin $1,175,000 GO Refunding Bonds SINGLE PURPOSE Dated: July 29, 2021 Assumes Baird scale of 052421
Debt Service Comparison -- Accrual Basis
Calendar Year Total P+I Net New D/S Old Net D/S Savings 2021 7,922.22 7,922.22 7,922.22 - 2022 85,175.00 85,175.00 102,532.50 17,357.50 2023 83,525.00 83,525.00 101,032.50 17,507.50 2024 86,500.00 86,500.00 104,307.50 17,807.50 2025 84,100.00 84,100.00 102,357.50 18,257.50 2026 81,700.00 81,700.00 100,342.50 18,642.50 2027 89,100.00 89,100.00 103,182.50 14,082.50 2028 86,300.00 86,300.00 100,890.00 14,590.00 2029 89,150.00 89,150.00 103,461.25 14,311.25 2030 82,700.00 82,700.00 100,892.50 18,192.50 2031 81,300.00 81,300.00 98,267.50 16,967.50 2032 84,850.00 84,850.00 100,515.00 15,665.00 2033 83,350.00 83,350.00 97,635.00 14,285.00 2034 81,850.00 81,850.00 99,665.00 17,815.00 2035 80,350.00 80,350.00 96,562.50 16,212.50 2036 83,800.00 83,800.00 98,325.00 14,525.00 2037 77,250.00 77,250.00 94,995.00 17,745.00 2038 75,750.00 75,750.00 91,665.00 15,915.00 - $1,424,672.22 $1,424,672.22 $1,704,550.97 $279,878.75
PV Analysis Summary (Net to Net)
Gross PV Debt Service Savings 245,021.48
Net PV Cashflow Savings @ 2.251%(AIC) 245,021.48
Transfers from Prior Issue Debt Service Fund (13,719.03) Transfers from Prior Issue DSR Fund (105,232.50) Net Present Value Benefit $126,069.95
Net PV Benefit / $1,280,000 Refunded Principal 9.849% Net PV Benefit / $1,175,000 Refunding Principal 10.729%
Refunding Bond Information
Refunding Dated Date 7/29/2021 Refunding Delivery Date 7/29/2021
*Net D/S Excludes: DSR
prop21B CR 2013C Sew Rev | SINGLE PURPOSE | 5/26/2021 | 11:59 AM
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The Bond Buyer “20 Bond Index” (BBI) shows average yields on a group of municipal bonds that mature in 20 years and have an average rating equivalent to Moody’s Aa2 and S&P’s AA. Source: The Bond Buyer Page 10
Village of Whitefish Bay 5300 N. Marlborough Drive Whitefish Bay, Wisconsin 53217 Phone: 414-962-6690 Fax: 414-962-5651
Memorandum To: Village President Buckley and Members of the Village Board From: Jaimie Krueger, Finance Director/Clerk Date: June 29, 2021 Re: 2020 Audit Report and Letters of Communication ______
Overview Included in your packets are two required letters of communication from the auditors to the Village Board and a copy of the 2020 Village financial statements. The Village continues to be in solid financial shape as of the year ended 12/31/20. The General Fund increased fund balance by $48,681 during 2020. Primary sources of the change to fund balance are as follows:
License and permits exceeded budgets due to increased projects completed in 2020 as more residents were at home from stay-at-home orders related to Covid-19 Investment earnings decreased from 2019 but were still over budget due to budgeting conservatively Fines and fees were below budget as a result of parking violations not being enforced from mid- March to June 1st General government expenditures exceeded the budget from bank fees and increased legal fees related to Covid-19 consultations. These increased expenses were reimbursed with Covid-19 Cares funding from the state Public safety expenditures were below budget as a result of decreased wages and benefits from unfilled positions Public works expenditures were above budget due to assigned fund balance from 2019 that was used to purchase vehicles in 2020
The Water Utility saw a decrease in net position at year end, mainly due to an adjustment related to a change in regulatory estimate from the Wisconsin Public Service Commission as part of a rate study completed in 2020. The Sewer Utility increased in net position, while the Stormwater Utility decreased. The Sewer Utility received funding from MMSD for private lateral work done for residents. The Stormwater Utility had a budgeted use of fund balance in 2020. Utility expenses increased during the year as a result of more routine maintenance and personnel hours required to complete the maintenance. Operating revenues increased in both the Water Utility and Sewer Utility as usage increased in 2020 due to more residents spending time at home. The Stormwater Utility is based on equivalent runoff units (ERU’s), which do not vary significantly on an annual basis, therefore revenue from the Stormwater Utility should remain consistent from year to year.
As in previous years, the auditors noted a deficiency in the Village’s internal control due to a lack of segregation of duties. Although this comment is not uncommon for a municipality the size of the Village, we take it very seriously and staff consistently looks for ways to improve procedures to mitigate the risks associated with a lack of segregation of duties.
The Village received the Government Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting for the second year in a row as included on page 6 in the Village’s 2020 financial statements. In 2020 and in the future years, the Village plans to continue presenting the financial statements for the GFOA award.
Presentation At the July 12th Board Meeting, Jake Lenell, CPA from CliftonLarsonAllen, will present the results of the 2020 audit and financial statements. Jake is the audit partner for the Village and has presented to the Board in previous years. A copy of the Audit Financial Statement Summary is also enclosed.
Preparation If you would like to review more detailed information than the audit financial statement summary, but less information than reading the entire financial statements, I recommend reviewing the “Management’s Discussion & Analysis” section pages 10 through 22 of the financial statements.
Recommendation Accept the 2020 audit reports and related financial statements.
VILLAGE OF WHITEFISH BAY, WISCONSIN AUDIT RESULTS DECEMBER 31, 2020
FINANCIAL STATEMENT SUMMARY
Opinion: Unmodified
Change in Fund Total Year End Total Unrestricted/ Expenditures/ Funds Revenues Other Sources (Uses) Balance / Net Fund Balance / Unassigned Fund balance / Expenses Position Net Position Net Position Governmental Funds General Fund $ 10,911,718 $ 11,089,806 $ 226,769 $ 48,681 $ 7,573,810 $ 3,895,107 Debt Service Fund 2,881,428 3,840,409 579,228 (379,753) - - Borrowed Money Fund 16,165 4,959,645 3,535,346 (1,408,134) 1,852,135 - Nonmajor Governmental Funds 2,089,069 1,598,826 (526,939) (36,696) 2,684,701 (2,502,338) Enterprise Funds Water Utility 2,203,396 3,085,764 (179,254) (1,061,622) 6,959,277 1,172,941 Sewer Utility 2,687,985 2,254,178 (91,434) 342,373 8,652,452 1,777,159 Stormwater Utility 628,382 934,430 - (306,048) 4,433,533 230,649 Component Units Business Improvement District 126,905 120,168 - 6,737 103,623 103,623
GOVERNANCE COMMUNICATION
Accounting Policies Accounting Estimates Misstatements Other No new accounting policies Other Postemployment Benefits: No material audit adjustments No disagreements with management No transactions that lacked authoritative guidance Medical Insurance No uncorrected misstatements Management representations Life Insurance Pension liability and related activity Useful lives of capital assets Estimate of unbilled utility receivables
MANAGEMENT LETTER
Description Type Additional Comments Items that remain from the prior year Segregation of Duties Significant Deficiency Management continues to evaluate for additional opportunities to segregate duties.
VILLAGE OF WHITEFISH BAY, WISCONSIN
COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2020
PREPARED BY:
VILLAGE OF WHITEFISH BAY FINANCE DEPARTMENT TABLE OF CONTENTS
PAGE INTRODUCTORY SECTION Letter of Transmittal…………………………………………………………………… ...... 1 Table of Organization...... 5 GFOA Certificate of Achievement ...... 6
FINANCIAL SECTION Independent Auditors’ Report ...... 7 Management’s Discussion and Analysis ...... 10
Basic Financial Statements Statement of Net Position ...... 23 Statement of Activities ...... 24 Balance Sheet - Governmental Funds ...... 25 Reconciliation of the Balance Sheet of the Governmental Funds to the Statement of Net Position...... 26 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds...... 27 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities...... 28 Statement of Net Position - Proprietary Funds ...... 29 Statement of Revenues, Expenses, and Changes in Fund Net Position - Proprietary Funds...... 30 Statement of Cash Flows - Proprietary Funds...... 31 Statement of Fiduciary Net Position ...... 32 Statement of Changes in Fiduciary Net Position ...... 32 Notes to Financial Statements ...... 33
Required Supplementary Information Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General Fund ...... 82 Schedule of Changes in the Village’s Total OPEB Liability and Related Ratios…………83 Schedule of Proportionate Share of the Net OPEB Liability LRLIF...... …………84 Schedule of the Village’s Proportionate Share of Net Pension Liability (Asset) & Contributions...... …...85 Notes to Required Supplementary Information...... 86
Supplementary Information Combining Balance Sheet - Nonmajor Governmental Funds ...... 87 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Deficit) - Nonmajor Governmental Funds...... 89 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Debt Service Fund...... 91 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Borrowed Money Fund ...... 92 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – TIF #1 Capital Projects Fund...... 93 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – TIF #2 Capital Projects Fund...... 94 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Capital Equipment Fund ...... 95 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Public Improvement Fund...... 96 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Library Expansion Fund...... 97 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Donation Fund...... 98 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – TIF #1 Special Revenue Fund ...... 99 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – TIF #2 Special Revenue Fund ...... 100 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – Library Fund ...... 101
Other Information Tax Incremental District No. 1 Historical Summary of Project Costs, Project Revenues and Net Cost to be Recovered through Tax Increments ...... 102 Tax Incremental District No. 1 Historical Summary of Sources, Uses and Status of Funds...... 103 Tax Incremental District No. 2 Historical Summary of Project Costs, Project Revenues and Net Cost to be Recovered through Tax Increments ...... 104 Tax Incremental District No. 2 Historical Summary of Sources, Uses and Status of Funds...... 105
STATISTICAL SECTION Financial Trends: Net Position by Component ...... 106 Changes in Net Position ...... 107 Fund Balances of Governmental Funds...... 109 Changes in Fund Balances of Governmental Funds ...... 110 Revenue Capacity: Assessed Value and Equalized Value of Property...... 112 Property Tax Rates – Direct and Overlapping Governments...... 113 Principal Property Taxpayers ...... 114 Property Tax Levies and Collections...... 115 Debt Capacity: Ratios of Net General Bonded Debt Outstanding...... 116 Ratios of Outstanding Debt by Type ...... 117 Legal Debt Margin Information...... 118 Direct and Overlapping Governmental Activities Debt...... 119 Revenue Bond Coverage – Sewer Utility ...... 120 Operating Information: Water / Sewer Utility – Ten Largest Users ...... 121 Stormwater Utility – Ten Largest Users...... 122 Customer Connections by Class to Water / Sewer Utility Systems ...... 123 Customer Connections by Class to Stormwater Utility System ...... 124 Demographic and Economic Statistics: Demographic and Economic Statistics...... 125 Principal Employers ...... 126 Village Government Employees by Function / Program ...... 127 INTRODUCTORY SECTION June 8, 2021
President Buckley and Members of the Village Board of Trustees,
We are pleased to present the Comprehensive Annual Financial Report of the Village of Whitefish Bay for the fiscal year ended December 31, 2020. This report was prepared by the Village’s Finance Department. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the management of the Village.
Members of the Village management team are responsible for establishing and maintaining internal control designed to mitigate the risk of theft or misuse and to ensure that adequate accounting data is compiled to allow for the preparation of the financial statements in conformity with generally accepted accounting principles (GAAP).The Village’s internal control structure is designed to provide reasonable, but not absolute, assurance that the financial statements will be free of material misstatement. Management’s responsibilities include selection and application of accounting principles; recording and reflecting all transactions in the financial statements; determining the reasonableness of significant accounting estimates included in the financial statements; and adjusting the financial statements to correct material misstatements. This internal control structure is subject to evaluation by management, its independent auditors, and audits by state and federal government staff.
CliftonLarsonAllen, LLP, a firm of certified public accountants, have audited the Village’s financial statements. The goal of the independent audit is to provide reasonable assurance that the financial statements of the Village of Whitefish Bay for the year ended December 31, 2020, are free of material misstatement. The independent audit involves examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unqualified opinion that the Village’s financial statements for the fiscal year ending December 31, 2020, are fairly presented in conformity with GAAP.
GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in a form of the Management’s Discussion and Analysis (MD&A). This letter of transmittal should be read in conjunction with the MD&A which can be found following the report of the independent auditors.
These financial reports included all funds of the Village. It includes all governmental activities for which the Board of Trustees is financially accountable. The Village provides the full range of municipal services, including but not limited to; general administration, public safety, public works including street construction and maintenance, library services, health services and various recreational activities and events.
1 History and Village Profile
Location
The Village is located in Milwaukee County along the shores of Lake Michigan. Located on 2.4 square miles, the Village is bordered on the south by the Village of Shorewood, on the southwest by the City of Milwaukee, on the west by the City of Glendale, on the north by the Village of Fox Point, and to the east by the shores of Lake Michigan.
History
Early inhabitants of Whitefish Bay included Native Americans, fishermen, and farmers. Prior to the turn of the century, Whitefish Bay became a popular destination for summer visitors from across the Midwest. In 1889, Captain Frederick Pabst, one of Milwaukee's beer barons, spent $30,000 to take advantage of Whitefish Bay's unique location in an area north of what is now Henry Clay Street, east of Lake Drive and South of Silver Spring Drive. As many as 10,000 people would visit the resort on a summer day, traveling by horse and buggy, railroad, trolley, or excursion steamer. They came to enjoy the scenic view, to ride the Ferris wheel, attend daily concerts (double concerts on Sunday), rent rowboats, watch outdoor movies, and dine on whitefish netted daily in the Bay. The resort popularity faded in 1914, and the park closed. In 1915, the land was subdivided into 17 residential lots, and today 13 homes are located on the former resort shoreline property.
Today
Today, residents enjoy a vibrant Silver Spring Business district, which incorporates the mix of the historic and the modern. In addition to a bustling downtown district, residents appreciate a beautiful parks system, growing school district, and overall high quality of life. Organized by the Whitefish Bay Civic Foundation, numerous holiday-related events are held each year for residents and visitors to enjoy.
2 Government Profile
The Village Manager, an appointed position, oversees the daily operation of the various Village departments, including the Finance/Clerk Department, Public Works Department, Police Department, and Building Services Department. The Library Board oversees the Library Department. The Village Board, consisting of the Village President and six Trustees elected at- large to three-year terms.
Below represents the organizational chart of the Village of Whitefish Bay:
In an effort to increase efficiency and maintain fiscal responsibility, the Village shares services with many of our neighboring communities in the North Shore. These partnerships allow each municipality to share staff, equipment, and resources; and in return each municipality reduces service redundancies while saving funds. Whitefish Bay shares the following services with the following communities;
North Shore Fire Department: Bayside, Fox Point, Glendale, River Hills, Brown Deer, Shorewood
North Shore Water Commission: Fox Point, Glendale
Bayside Communications Center (911 Dispatch): Bayside, Fox Point, Glendale, River Hills, Brown Deer, Shorewood
3 Fiscal and Infrastructure Strategy
The Village has adopted a long-term fiscal infrastructure strategy that is reviewed and updated on an as needed basis. In order to develop an overall fiscal strategy, both operating and infrastructure / capital needs must be addressed. The Village Board adopted a “market basket” approach to evaluate each annual budget, and to set new goals and funding levels annual for the next five years. The “market basket” approach includes property tax costs, and utility fees for water, sewer, and stormwater. Fiscal planning and infrastructure planning must be conducted simultaneously and step by step to develop a strategy. The adopted fiscal and infrastructure strategy provides for the following targets:
Annual infrastructure improvements financed through debt of $4,000,000 An annual average market basket impact of no more than 2.5% for operating and debt service costs combined
Economic Condition and Outlook
As an organization, the Village of Whitefish Bay is committed to looking forward and planning for the future. In light of such challenges as levy restrictions, rising costs and revenue reductions, the Village continues to provide resources for capital improvements, maintains resources necessary for high quality services, is within the Village’s and State’s financial parameters, and most importantly, attains these objectives while keeping increases to the Village’s property tax levy and utility revenue to a minimum.
Accounting and Financial Policies
The Village has adopted formal financial policies related to fund balance, capital projects, debt management, and overall budget maintenance and development. Investment of Village funds are restricted by state statutes.
Awards and Acknowledgements
The Village of Whitefish Bay participates in the Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award Program. The Village has received the award for the annual budget for the fiscal year beginning January 1, 2014 and each year thereafter.
The preparation of the Village’s Comprehensive Annual Financial Report was made possible by the dedicated service and commitment of the members of the Finance, Police, Public Works, Inspection, Library and Administration Departments. The preparation of this report would not be possible without their dedication. I would like to thank each member of the management team, the Village President and members of the Village Board, and the Village independent auditors, for their leadership and support.
Respectfully Submitted, Jaimie Krueger Jaimie Krueger Finance Director / Village Clerk
4 Village of Whitefish Bay, Wisconsin Comprehensive Annual Financial Report For Fiscal Year Ended December 31, 2020
Prepared by: Jaimie Krueger Finance Director / Village Clerk
Village Board of Trustees
Julie Siegel Village President Garry Davis Village Trustee Will Demet Village Trustee Carl Fuda Village Trustee Tara Serebin Village Trustee Jay Saunders Village Trustee Kevin Buckley Village Trustee
Village Administration
Paul Boening Village Manager Tim Blakeslee Assistant Manager Jaimie Krueger Finance Director / Clerk John Edlebeck Director of Public Works / Facilities Manager Michael Young Chief of Police Joel Oestreich Director of Building Services Nyama Reed Library Director Christopher Jaekels Village Attorney
5 Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting
Presented to
Village of Whitefish Bay Wisconsin
For its Comprehensive Annual Financial Report For the Fiscal Year Ended
December 31, 2019
Executive Director/CEO
6 FINANCIAL SECTION CLA (CliftonLarsonAllen LLP) CLAconnect.com
INDEPENDENT AUDITORS' REPORT
Village Board Village of Whitefish Bay, Wisconsin Whitefish Bay, Wisconsin
Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business- type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the Village of Whitefish Bay, Wisconsin, as of and for the year ended December 31, 2020, and the related notes to the financial statements, which collectively comprise the Village’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Village’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Village’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
7 Village Board Village of Whitefish Bay, Wisconsin
Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the Village of Whitefish Bay, Wisconsin as of December 31, 2020, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the required supplementary information, as included in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Village of Whitefish Bay, Wisconsin’s basic financial statements. The introductory section, the statistical tables, supplementary information, and other information are presented for purposes of additional analysis and are not a required part of the basic financial statements.
The supplementary information listed in the table of contents is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.
8 Village Board Village of Whitefish Bay, Wisconsin
The introductory section, other information, and the statistical tables listed in the table of contents have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on them.
CliftonLarsonAllen LLP
Wauwatosa, Wisconsin June 8, 2021
9 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
The Village of Whitefish Bay’s management offers this narrative overview and analysis of the Village’s financial statements. We encourage readers to consider the information presented here in conjunction with the financial statements and notes to the financial statements. A comparison with prior year data is also presented.
FINANCIAL HIGHLIGHTS
The more significant transactions that impacted the Village’s financial picture during 2020 were:
The Village’s governmental activities net position increased in 2020 by $53,303. Unrestricted governmental activities net position decreased by a total of $3,079,419 from 2019. The decrease in unrestricted governmental activities net position is primarily due to no capital related debt being added in 2020 and another year of principal payments being made.
The Village’s General Fund fund balance increased $48,681. The Village generated more than expected in investment earnings at the beginning of the year, however those earnings were mostly offset by bank fees incurred toward the end of the year related to declining interest rates from Covid-19. The unassigned fund balance of the General Fund remained at a healthy 35% of subsequent year revenues.
Net position, as referred to above, results when revenues exceed expenses. When expenses exceed revenues, the result is a decrease in net position. You can think of this relationship between revenues and expenses as the Village’s operating results. You can think of the Village’s net position, as measured in the Statement of Net Position, as one way to measure the Village’s financial health or financial position. Over time, increases and decreases in the Village’s net position, as measured by the Statement of Activities, are one indicator or whether its financial health is improving or not. However, the Village’s goal remains to provide services that improve the quality of life for our residents, not generate profits. For this reason, you need to consider many other non-financial factors when assessing the overall health of our Village.
Overview of Financial Statements
This discussion and analysis are intended to serve as an introduction to the Village’s basic financial statements. The Village’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information and other information in addition to the basic financial statements themselves.
Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the Village’s finances in a manner similar to a private-sector business. They are presented in two statements, the Statement of Net Position and the Statement of Activities. 10 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Both of these financial statements distinguish functions of the Village that are principally supported by taxes (governmental activities) from functions that are intended to recover all or a significant portion of their costs through user fees (business-type activities). The governmental activities of the Village included general government, public safety, public works, conservation and development, health, library, and parks and recreation. The business-type activities of the Village include Water, Sewer, and Stormwater Utilities. The Village’s component unit, the Business Improvement District (BID), is presented as a discrete column in the Statement of Net Position and Statement of Activities.
Statement of Net Position
The following table summarizes the Village’s Statement of Net Position from 2020 and 2019:
Governmental Activities Business-Type Activities Total 2020 2019 2020 2019 2020 2019 Current and other assets $ 30,482,986 $ 28,859,755 $ 5,421,950 $ 6,607,118 $ 35,913,539 $35,466,873 Capital Assets 32,971,362 32,962,759 37,780,931 39,516,596 70,743,690 72,479,355 Total Assets 63,454,348 61,822,514 43,202,881 46,123,714 106,657,229 107,946,228 Deferred Outflows 4,259,106 4,805,047 309,035 382,129 4,568,141 5,187,176 Long-term Debt 37,521,512 36,523,003 22,326,540 24,478,493 59,848,052 61,001,496 Other Liabilities 852,636 2,683,168 836,126 809,097 1,688,762 3,492,265 Total Liabilities 38,374,148 39,206,171 23,162,666 25,287,590 61,536,814 64,493,761 Deferred Inflows 15,927,011 14,062,398 303,988 147,694 16,230,999 14,210,092 Net Investment in Capital Assets 5,923,304 4,276,287 16,368,061 16,883,047 22,291,371 21,159,334 Restricted 4,916,766 3,431,061 496,452 680,595 5,413,218 4,111,656 Unrestricted 2,572,225 5,651,644 3,180,749 3,506,917 5,752,968 9,158,561 Total Net Position $ 13,412,295 $ 13,358,992 $20,045,262 $ 21,070,559 $ 33,457,557 $34,429,551
Governmental Activities – Statement of Net Position
Current and other assets for governmental activities primarily represent cash, investments, taxes receivable, loan receivable, and pension activity. Total current and other assets increased by $1.6 million. This increase is primarily a result of changes in pension activity, as well as an increase in loan receivable offset by decreased cash on hand at December 31, 2020 due to spending down of a previous debt issue.
Deferred outflows are related to deferred amounts related to pension and post-retirement benefits, and the losses on the debt refunding’s done in 2010, 2012, 2016 and 2017, which will be amortized through 2027.
Other liabilities include accounts payable, accrued payroll, net pension liability and other related liabilities. The decrease is primarily due to a decrease in net pension liability of $1.1 million, resulting in a net pension asset in 2020, as well as a $501,155 decrease in accounts payable mainly related to projects outstanding at the end of 2019.
11 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Deferred inflows represent unavailable revenue for taxes levied in December 2020 and deferred amounts related to pension and OPEB. These taxes represent revenue for the 2021 fiscal year and accordingly are not considered to be revenue in 2020.
The net investment in capital assets represents the Village’s equity in its capital assets which is 18% of the historical cost of assets. This can be thought of as the Village’s ownership in those capital assets. This percentage increased from 13% in 2019, due to a decrease in capital related debt outstanding at the end of 2020.
Capital assets are used to provide services to citizens; consequently, these assets are not available for future spending. Although the Village’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources since the capital assets themselves cannot be used to liquidate these liabilities. The Village annually levies a tax in order to pay the next year’s installment of principal and interest on long term debt.
A portion of the Village’s net position represents resources that are subject to external restrictions on how they can be used. Restricted net position consists of amounts with donor restrictions, and amounts restricted for debt service and capital projects. The remaining unrestricted net position may be used to meet ongoing obligations to citizens.
Business-Type Activities – Statement of Net Position
Business-type activities current and other assets consist mainly of cash and accounts receivable. The current and other assets decreased by $1.1 million primarily due to spending down cash from a previous borrowing.
Capital Assets decreased by approximately $1.7 million. The primary reason for decrease is a $1.4 million adjustment related to a change in regulatory estimate from the Wisconsin Public Service Commission as part of a rate study completed in 2020.
Deferred inflows of resources represent deferred amounts related to pension.
The net investment in capital assets represents the Village’s equity in its capital assets which is 43% of the historical cost of assets. This can be thought of as the Village’s ownership in those capital assets.
Statement of Activities
The Statement of Activities presents information showing how the government’s net position changed during the fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.
12 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Significant Changes in Governmental Activities
Overall, the Village’s governmental activities increased net position by $53,303 in 2020. The transfers from the Water Utility to the General Fund are to make the annual payment in lieu of taxes (PILOT).
The table below summarizes the Statement of Activities for 2020 and 2019.
Governmental Activities Business-Type Activities Total 2020 2019 2020 2019 2020 2019 Revenues Program Revenues Charges for Services $ 3,989,751 $ 1,678,552 $ 5,477,538 $ 5,200,865 $ 9,467,289 $ 6,879,417 Operating Grants & Contributions 1,270,746 1,004,231 - - 1,270,746 1,004,231 Capital Grants & Contributions - 82,809 - - - 82,809 General Revenues Property Taxes 12,411,164 12,319,419 - - 12,411,164 12,319,419 Other Revenues 824,030 1,071,831 42,225 141,865 866,255 1,213,696 Total Revenues 18,495,691 16,156,842 5,519,763 5,342,730 24,015,454 21,499,572
Expenses General Government 1,999,409 1,931,345 - - 1,999,409 1,931,345 Public Safety 9,921,819 6,597,104 - - 9,921,819 6,597,104 Public Works 4,098,268 4,455,998 - - 4,098,268 4,455,998 Conservation & Development 362,708 607,748 - - 362,708 607,748 Health 224,258 206,568 - - 224,258 206,568 Library 943,825 971,098 - - 943,825 971,098 Parks & Recreation 249,965 261,379 - - 249,965 261,379 Interest & Fiscal Charges 912,824 1,100,642 - - 912,824 1,100,642 Water Utility - - 3,085,764 1,778,313 3,085,764 1,778,313 Sewer Utility - - 2,254,178 2,510,376 2,254,178 2,510,376 Stormwater Utility - - 934,430 911,906 934,430 911,906 Total Expenses 18,713,076 16,131,882 6,274,372 5,200,595 24,987,448 21,332,477 Change in Net Position Before Transfers (217,385) 24,960 (754,609) 142,135 (971,994) 167,095 Transfers 270,688 (87,163) (270,688) 87,163 - - Change in Net Position 53,303 (62,203) (1,025,297) 229,298 (971,994) 167,095 Net Position, Beginning of Year 13,358,992 13,421,195 21,070,559 20,841,261 34,429,551 34,262,456 Net Position, End of Year $ 13,412,295 $ 13,358,992 $ 20,045,262 $ 21,070,559 $ 33,457,557 $ 34,429,551
Governmental Activities – Revenues
Program revenues are those revenues that can be directly related to a particular activity, whereas general revenues represent revenues that are not directly related to one function (property taxes). Charges for services are primarily made up of licenses, permits, fees and fines. The Village’s main operating grants are State resources received for shared revenue, highway maintenance and recycling programs. The table on the next page compares governmental activities’ revenues for 2020 and 2019, and significant changes are discussed below the table.
13 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Governmental Activities 2020 2019 $ Change % Change Program Revenues Charges for Services $ 3,989,751 $ 1,678,552 $ 2,311,199 138% Operating Grants & Contributions 1,270,746 1,004,231 266,515 27% Capital Grants & Contributions - 82,809 (82,809) -100% General Revenues Property Taxes 12,411,164 12,319,419 91,745 1% Other Revenues 824,030 1,071,831 (247,801) -23% Total Revenues $ 18,495,691 $ 16,156,842 $ 2,338,849 14%
Charges for services increased by $2,311,199 due primarily to a $2.8 million addition to the North Shore Fire Department loan receivable as part of an intergovernmental agreement to remodel the Village of Shorewood fire department. Operating grants and contributions increased $266,515 in 2020. The majority of the increase is from $227,465 Covid-19 Cares grant funding received from the State of Wisconsin.
Property tax revenue increased from 2020 by $91,745. Property taxes are the largest revenue source for governmental activities. Property taxes account for approximately 67% of total governmental activities revenue in 2020, which is decreased from 76% in 2019 due to the change in charges for services noted above.
Other revenue decreased in 2020 by $247,801. The decrease is mostly attributed to unfavorable interest rates brought on by Covid-19.
Governmental Activities – Expenses
Governmental activities expenses are broken down into various functions. General government includes costs such as village board, management, finance/clerk, election, inspections, court, village attorney, contract services and building maintenance. Costs associated with the Village’s police department, fire, and dispatch services are shown within the public safety function. The public works function includes expenses for street, alley and sidewalk maintenance, snow and forestry operations, refuse, recycling, and yard waste collection. Conservation and development expenses include economic development within the Village’s tax incremental financing districts. Health services include expenses incurred for providing health programs to the general public such as restaurant licensing, immunizations and health clinics. Library and parks and recreation function expenses provide services within the Village library and park system. The table on the next page compares 2020 and 2019 expenses by function. The reasons for fluctuations of more than $100,000 and 10% of the previous year are described following the table.
14 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Governmental Activities 2020 2019 $ Change % Change Expenses General Government 1,999,409 1,931,345 68,064 4% Public Safety 9,921,819 6,597,104 3,324,715 50% Public Works 4,098,268 4,455,998 (357,730) -8% Conservation & Development 362,708 607,748 (245,040) -40% Health 224,258 206,568 17,690 9% Library 943,825 971,098 (27,273) -3% Parks & Recreation 249,965 261,379 (11,414) -4% Interest & Fiscal Charges 912,824 1,100,642 (187,818) -17% Total Expenses $ 18,713,076 $ 16,131,882 $ 2,581,194 16%
The $3.3 million increase is primarily caused by $3.4 million paid to North Shore Fire Department in 2020 for debt borrowed on their behalf to remodel the Village of Shorewood Fire Department. Conservation and development decreased in 2020 due to no parking study similar to the one that took place in 2019 and no additional automated parking meters were purchased. Accrued interest decreased $167,838 in 2020.
Business-Type Activities – Revenues
Unlike governmental activities, the Village’s business-type activities are financed primarily by user charges. The Village bills water, sewer and stormwater fees to its customers on a tri-annual basis. Any utility bill not paid by the tax levy date is placed on the property owner’s tax bill. A summary of these utility charges is shown below:
Business-Type Activities 2020 2019 $ Change % Change Program Revenues Water Utility $ 2,190,820 $ 2,125,524 $ 65,296 3% Sewer Utility 2,668,124 2,449,084 219,040 9% Stormwater Utility 618,594 626,257 (7,663) -1% Other Revenues 42,225 141,865 (99,640) -70% Total Revenues $ 5,519,763 $ 5,342,730 $ 177,033 3%
Water Utility rates increased by an average of 12% effective December 1, 2020. Water consumption which is used for both water and sewer variable charges increased from usage in 2019 due to the increased number of residents working from home due to Covid-19. The Sewer Utility received $150,184 in funding for private lateral work done. The Stormwater Utility is based on equivalent runoff units (ERU’s), which do not vary significantly on annual basis, therefore revenue from the Stormwater Utility should remain consistent from year to year. Other revenues consist mainly of investment income, which saw decreased rates due to Covid-19 impacts on the economy.
15 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Business-Type Activities – Expenses
The table below compares business-type activities expenses from 2020 to 2019.
Business-Type Activities 2020 2019 $ Change % Change Expenses Water Utility 3,085,764 1,778,313 1,307,451 74% Sewer Utility 2,254,178 2,510,376 (256,198) -10% Stormwater Utility 934,430 911,906 22,524 2% Total Expenses $ 6,274,372 $ 5,200,595 $ 1,073,777 21%
Water Utility expenses include all costs necessary to provide water to approximately 4,800 residential and commercial customers within the Village. The Village is a member of and purchases water from the North Shore Water Commission. Other expenses include maintenance of approximately 48 miles of water main, meter maintenance and upgrades, testing and operating of hydrants and values in compliance with regulatory standards. The Water Utility had a loss on disposal of assets of $1.4 million in 2020 related to a change in regulatory estimate from the Wisconsin Public Service Commission as part of a rate study completed in 2020.
Sewer Utility expenses include all costs associated with the Village’s collection and conveyance of wastewater from utility users. Wastewater is conveyed via underground laterals and mains downstream to the municipal interceptor sewer system operated by Milwaukee Metropolitan Sewage District (MMSD). The sewer utility is used to maintain the Village’s infrastructure system as well as the treatment costs paid to MMSD. The Sewer Utility completes private lateral work for residents and is then reimbursed by a grant from MMSD. In 2019, there was $285,738 of work done compared to $11,613 completed in 2020.
Stormwater Utility expenses include costs associated with owning, maintaining, and constructing approximately 30 miles of the Village’s stormwater management system. User fees are based on a property’s ERU’s.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The Village, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the Village can be divided into three categories: governmental, business-type activities, and fiduciary funds.
16 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. The basic governmental fund financial statements can be found on page 25 and 27 of this report.
Because the focus of the governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
The Village maintains twelve individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General Fund, Debt Service Fund, and Borrowed Money Capital Projects Fund, all of which are considered to be major funds. Data from the other nine governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements at the end of this report.
Governmental Funds – Fund Balance
As of December 31, 2020, the Village’s governmental funds reported combined ending fund balance of $12.1 million, a $1.8 million decrease from the previous year. Approximately 12% of the Village’s total fund balance is unassigned fund balance, which is available for spending at the Village’s discretion. The remainder of the fund balance is nonspendable, restricted, committed or assigned to indicate that it is not available for new spending as it has already been committed for prepaid items or other purposes. The decrease in restricted fund balance is a result of the spending down of debt borrowed in 2019.
The General Fund is the main operating fund of the Village. At year end, total fund balance increased in the General Fund by $48,681 to $7,573,810 of which $3,895,107 was unassigned. The General Fund unassigned fund balance represents 35% of subsequent year total General Fund revenues, with any remaining fund balance above 35% being committed for future post-retirement benefits.
The Debt Service Fund levies for scheduled principal and interest payments. The decrease in fund balance of $379,753 is a result of debt paid in 2020.
17 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
The Borrowed Money Capital Projects Fund had a decrease in fund balance of approximately $1.4 million from spending on capital projects from debt borrowed in 2019.
General Fund Budgetary Highlights
The Village adopts an annual budget for its General Fund. A budgetary comparison schedule can be found on page 82 of this report. Overall, the General Fund actual results exceeded the budget for revenues. Actual expenditures also exceeded budget expenditures. Transfers in were less than anticipated, while transfers out were more than anticipated. Significant variances between budget and actual results include the following:
Intergovernmental revenue was over budget by $251,834. The Village received $212,986 in Covid-19 Cares funding and $19,442 video service provider aid, both of which were unbudgeted. Licenses and permits exceeded budget by $24,513. Increased projects were completed in 2020 as residents were spending more time at home from stay-at-home orders related to Covid-19. Fines and fees were less than budget by $71,433. Parking citations were $64,000 under budget as parking violations were not enforced from mid-March to June 1st due to increased residents parking on Village streets. The Village’s investment earnings decreased from 2019 due to interest rates declining from Covid-19’s effect on the economy, but the Village still saw a positive variance with budget due to budgeting conservatively. Transfers in for the General Fund included payments in lieu of taxes from the water utility. Transfers from the General Fund to Debt Service Fund were to fund debt service payments. General Government expenditures were over budget by approximately $98,000. $54,385 of the increase was due to bank fees related to declining interest rates from Covid-19. Legal services were also approximately $45,000 over budget from increased consultations for Covid-19 related issues. Public Safety activities were under budget by approximately $54,917. Much of the savings were from decreased wages and benefits from unfilled positions. Public Works activities were over budget by approximately $164,000. This was primarily due to assigned fund balance from 2019 that was used to purchase vehicles in 2020. Transfers out of the general fund were over budget as expenses in the Debt Service fund also over budget. Overall revenues and other financing sources into the general fund exceeded budget by $318,582. Overall expenditures and other financing uses of the general fund exceeded budget by $269,901. Total revenues, expenditures and other financing sources and uses resulted in an increase in general fund balance of $48,681.
18 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Proprietary Funds
The Village uses one type of Proprietary Fund, called Enterprise Funds, to report the same functions presented as business-type activities in the government-wide financial statements. The Village uses enterprise funds to account for Water, Sewer, and Stormwater Utilities. The proprietary fund financial statements provide separate information for each utility. Proprietary fund financial statements can be found on pages 27-29 of this report. The net position of the Water, Sewer, and Stormwater Utilities at the end of the year were $6,959,277, $8,652,452, and $4,433,533, respectively. The total net position of the Water, Sewer, and Stormwater Utilities are capital intensive. This means more of their net position is included in the category net investment in capital assets. Unrestricted net position for the Water, Sewer, and Stormwater Utilities were $1,172,941, $1,777,159, and $230,643, respectively.
Fiduciary Funds
Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statement because the resources of those funds are not available to support the Village’s internal activities. The Village maintains one fiduciary fund, the Tax Collection Custodial Fund which records the tax roll and tax collection for other taxing jurisdictions within the Village. The fiduciary fund financial statement can be found on page 32 of this report.
Component Units
Component units are separate legal entities that a primary government must include in its financial report for fair presentation in conformity with Generally Accepted Accounting Principles (GAAP). They may be organizations for which elected officials of the primary government are financially accountable, or organizations for which the nature and significance of their relationship with a primary government are such that exclusion would cause the reporting entity’s financial statements to be misleading or incomplete.
The Village has two component units, Community Development Authority (CDA), which administers the development and redevelopment within the District, and the Silver Spring Business Improvement District (BID), an eight member board which permits businesses in the Village to develop, manage and promote the local economy. BID’s are financed through special assessments levied on properties within the District. The BID Board members are appointed by the Village President and approved by the Village Board.
The Village has included comparative data for the previous year to illustrate the changes in net position for the component unit. The CDA did not have any net position or financial transactions during the year, therefore no amounts have been presented.
19 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
The BID had an increase in net position of $6,737 over the previous year. The BID is financed through special assessments on individual business owners, which are collected by the Village through the tax collection process and turned over to the District. The annual property tax amounts have remained relatively consistent.
The BID uses the accrual basis of accounting, and statements are audited by an independent certified public accounting firm on an annual basis.
BID BID Statement of Net Position 2020 2019 Statement of Activities 2020 2019 Cash $ 103,623 $ 96,886 Program Revenues Taxes Receivable 73,708 63,590 Operating Grants $ 126,905 $ 123,039 Total Assets $ 177,331 $ 160,476 Total Revenues 126,905 123,039 Expenses 120,168 110,765 Deferred Inflows of Resources Changes in Net Position 6,737 12,274 Taxes levied for subsequent Net Position, January 1 96,886 84,612 year's budget 73,708 63,590 Net Position, December 31 $ 103,623 $ 96,886
Unrestricted net position 103,623 96,886 Total Net Position $ 103,623 $ 96,886
Combined financial information is presented as a discrete column in the statement of net position and statement of activities on pages 23-24 of this report. Additional information for the BID can be found on pages 61-62 of this report.
Notes to the Financial Statements
The notes to the financial statements provide additional information that is essential to the full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found on pages 33-81 of this report. The information provided below on capital assets and long-term debt can be found within the footnotes to the financial statements.
20 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Capital Assets
The Village’s capital asset activity for 2020 and 2019 is summarized below:
Governmental Activities Business-type Activities Description 2020 2019 2020 2019 Land $ 1,435,706 $ 1,435,706 $ 44,084 $ 44,084 Construction in progress 70,054 959,768 5,229 47,588 Buildings 12,289,508 11,317,126 961,728 961,728 Improvements 1,096,243 1,096,243 - - Machinery and equipment 7,879,353 7,227,352 4,860,315 4,490,728 Infrastructure 49,463,335 48,754,897 46,457,471 47,431,273 Total capital assets 72,234,199 70,791,092 52,328,827 52,975,401 Less accumulated depreciation (39,262,837) (37,828,333) (14,547,896) (13,458,805) Capital assets, net of depreciation $32,971,362 $32,962,759 $37,780,931 $39,516,596
Significant projects undertaken during the year include the following:
$208,000 in updated signs and signals at Lake Drive and Bay Ridge $992,000 in roadwork rehab
Additional information on the Village’s capital assets can be found on pages 51-53.
Long-Term Debt
Wisconsin state statutes limit the amount of general obligation debt a governmental entity may issue to 5% of its total equalized valuation. The current debt limitation for the Village is $123,654,570 which exceeds the Village’s current outstanding general obligation debt of $49,112,155. This debt is entirely backed by the full faith and credit of the government. At year end, the outstanding debt equaled 40% of the Village’s state authorized debt limit.
The Village issued $3,325,000 in new debt during 2020 which was borrowed on behalf of the North Shore Fire Department to remodel the Village of Shorewood Fire Department. Total general obligation debt decreased approximately $1.2 million in 2020 due to an additional year of principal payments. The below table summarizes the ending balances for 2020 and 2019: Governmental Activities Business-type Activities 2020 2019 2020 2019 General obligation debt $ 31,608,472 $ 31,105,802 $ 17,503,683 $ 19,277,443 Revenue bonds - - 4,334,328 4,676,789 OPEB Liability - health 4,070,856 3,818,316 - - OPEB Liability - life 381,641 234,434 - - Compensated absences 415,270 429,368 - - Total Long-term liabilities $ 36,476,239 $ 35,587,920 $ 21,838,011 $ 23,954,232
21 VILLAGE OF WHITEFISH BAY, WISCONSIN Management’s Discussion and Analysis As of and for the Year Ended December 31, 2020 (unaudited)
Additional information on the Village’s long-term debt can be found on pages 55-59.
Supplementary and Other Information
The combining statements referred to earlier in connection with nonmajor governmental funds are presented immediately following the notes to the required supplementary information and can be found on pages 87-90 of this report. The historical summary of project costs, project revenues, and net cost to be recovered through tax increments and the historical summary of sources, uses, and status of funds for Tax Incremental District No. 1 and Tax Incremental District No. 2 can be found on pages 102-105.
Requests for Information
This financial report is designed to provide a general overview of the Village’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional information can be addressed to the Finance Director, 5300 N. Marlborough Drive, Whitefish Bay, WI 53217.
22 BASIC FINANCIAL STATEMENTS VILLAGE OF WHITEFISH BAY, WISCONSIN Statement of Net Position December 31, 2020
Primary Government Component Unit Business Business Governmental Type Improvement Activities Activities Total District Assets Cash and investments $ 17,916,774 $ 2,750,921 $ 20,667,695 $ 103,623 Taxes receivable 6,825,653 - 6,825,653 73,708 Accounts receivable 151,576 2,130,444 2,282,020 - Special assessments receivable - - - - Loan receivable 3,989,065 - 3,989,065 - Prepaid items and inventories 19,726 44,133 63,859 - Restricted assets Cash and investments - 259,179 259,179 - Deposits with North Shore Water Commission - 136,923 136,923 - Net pension asset 1,052,679 100,350 1,153,029 Investment in CVMIC 527,513 - 527,513 - Capital assets Land 1,435,706 44,084 1,479,790 - Construction in process 70,054 5,229 75,283 - Other capital assets, net of depreciation 31,465,602 37,731,618 69,197,220 - Total Assets 63,454,348 43,202, 881 106,657, 229 177,331
Deferred Outflows of Resources Deferred amounts related to pension 2,457,240 238,851 2,696,091 - Deferred amounts related to post retirement benefits 1,639,463 - 1,639,463 - Deferred amount on refundings 162,403 70,184 232,587 - Total Deferred Outflows of Resources 4,259,106 309,035 4,568, 141 -
Liabilities Accounts payable and accrued expenses 633,554 695,401 1,328,955 - Accrued interest payable 219,082 140,725 359,807 - Noncurrent liabilities Due within one year 3,164,123 1,828,144 4,992,267 - Due in more than one year 34,357,389 20,498,396 54,855,785 - Total Liabilities 38,374,148 23,162, 666 61,536,814 -
Deferred Inflows of Resources Deferred amounts related to pension 3,148,520 303,988 3,452,508 - Deferred amounts related to post retirement benefits 81,449 - 81,449 - Taxes levied for subsequent year's budget 12,697,042 - 12,697,042 73,708 Total Deferred Inflows of Resources 15,927,011 303,988 16,230, 999 73,708
Net Position Net investment in capital assets 5,923,304 16,368,061 22,291,365 - Restricted for Equipment replacement - 259,179 259,179 - Net pension asset 1,052,679 100,350 1,153,029 - North Shore Water Commission - 136,923 136,923 - TIF projects and debt service 3,694,949 - 3,694,949 - Library expansion 159,163 - 159,163 - Donations 9,975 - 9,975 - Unrestricted 2,572,225 3,180,749 5,752,974 103,623
Total Net Position $ 13,412,295 $ 20,045,262 $ 33,457,557 $ 103,623
The accompanying notes are an integral part of this statement.
23 VILLAGE OF WHITEFISH BAY, WISCONSIN Statement of Activities Year Ended December 31, 2020 Net (Expenses) Revenues and Program Revenues Changes in Net Position Component Unit Operating Business Charges for Grants and Governmental Business-Type Improvement Functions/Programs Expenses Services Contributions Activities Activities Total District
Governmental activities General government $ 1,999,409 $ 202,312 $ 212,986 $ (1,584,111) $ - $ (1,584,111) $ - Public safety 9,921,819 3,751,718 41,295 (6,128,806) - (6,128,806) - Public works 4,098,268 22,225 928,580 (3,147,463) - (3,147,463) - Conservation and development 362,708 - - (362,708) - (362,708) - Health and social services 224,258 - - (224,258) - (224,258) - Library 943,825 13,496 87,885 (842,444) - (842,444) - Parks and recreation 249,965 - - (249,965) - (249,965) - Interest and fiscal charges 912,824 - - (912, 824) - (912, 824) - Total governmental activities 18,713,076 3,989,751 1,270,746 (13, 452,579) - (13,452,579) - Business-type activities Water Utility 3,085,764 2,190,820 - - (894,944) (894,944) - Sewer Utility 2,254,178 2,668,124 - - 413,946 413,946 - Stormwater Utility 934,430 618,594 - - (315, 836) (315, 836) - Total business-type activities 6,274,372 5,477,538 - - (796, 834) (796, 834) - Total primary government $ 24,987,448 $ 9,467,289 $ 1,270,746 (13, 452,579) (796, 834) (14, 249,413) -
Component Unit Business Improvement District $ 120,168 $ - $ 126,905 6,737
General revenues Taxes Property taxes, levied for general purposes 7,972,045 - 7,972,045 - Property taxes, levied for library services 710,581 - 710,581 - Property taxes, levied for debt services 2,485,870 - 2,485,870 - Property taxes, levied for capital items and development 1,242,668 - 1,242,668 - Intergovernmental revenues not restricted to specific programs 228,704 - 228,704 - Investment income 250,528 42,225 292,753 - Other income 344,798 - 344,798 - Total general revenues 13,235,194 42,225 13,277,419 -
Transfers 270,688 (270, 688) - -
Change in net position 53,303 (1,025,297) (971,994) 6,737
Net position - beginning of year 13,358,992 21,070,559 34,429,551 96,886
Net position - end of year $ 13,412,295 $ 20,045,262 $ 33,457,557 $ 103,623
The accompanying notes are an integral part of this statement.
24 VILLAGE OF WHITEFISH BAY, WISCONSIN Balance Sheet - Governmental Funds December 31, 2020
Borrowed Nonmajor Total General Debt Service Money Governmental Governmental Fund Fund Fund Funds Funds Assets Cash and investments $ 11,127, 627 $ 1,323,023 $ 1,950,509 $ 3,515,615 $ 17,916,774 Current receivables Taxes receivable 4,368, 262 1,534,203 - 923,188 6,825,653 Accounts receivable 148,785 - - 2,791 151,576 Loan receivable - 3,989,065 - - 3,989,065 Due from other funds - - - 2,493,804 2,493,804 Prepaid expenditures 19,726 - - - 19,726 Investment in CVMIC 527,513 - - - 527,513
Total Assets $ 16,191,913 $ 6,846,291 $ 1,950,509 $ 6,935,398 $ 31,924,111
Liabilities Accounts payable $ 236,631 $ - $ 47,393 $ 30,442 $ 314,466 Accrued liabilities 256,939 - 50,981 11,168 319,088 Due to other funds - - - 2,493, 804 2,493, 804 Total liabilities 493,570 - 98,374 2,535,414 3,127,358
Deferred Inflows of Resources Taxes levied for subsequent year's budget 8,124,533 2,857,226 - 1,715,283 12,697,042 Unavailable revenues - 3,989,065 - - 3,989, 065 Total Deferred Inflows of Resources 8,124,533 6,846,291 - 1,715, 283 16,686, 107
Fund Balance (Deficit) Nonspendable 547,239 - - - 547,239 Restricted - - 1,852,135 3,864,087 5,716,222 Committed 2,796, 481 - - 232,740 3,029,221 Assigned 334,983 - - 1,090,212 1,425,195 Unassigned 3,895, 107 - - (2, 502,338) 1,392, 769 Total Fund Balance 7,573,810 - 1,852,135 2,684,701 12,110,646
Total Liabilities, Deferred Inflows of Resources, and Fund Balance $ 16,191,913 $ 6,846,291 $ 1,950, 509 $ 6,935, 398 $ 31,924, 111
The accompanying notes are an integral part of this statement.
25 VILLAGE OF WHITEFISH BAY, WISCONSIN Reconciliation of the Balance Sheet of the Governmental Funds to the Statement of Net Position December 31, 2020
Total fund balances-governmental funds $ 12,110, 646
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. Land 1,435, 706 Construction in progress 70,054 Other capital assets 70,728, 439 Less: accumulated depreciation (39, 262,837)
Some receivables that are not currently available are reported as unavailable revenues in the fund financial statements but are recognized as revenue when earned in the government-wide statements. Loan to North Shore Fire Department 3,989, 065
Long-term assets and deferred outflows (inflows) are not related to the current period and, therefore, not reported in the funds. Deferred amounts related to pension (691, 280) Deferred amounts related to post retirement benefits - medical insurance 1,465,336 Deferred amounts related to post retirement benefits - life insurance 92,678
Some liabilities, including long-term debt, are not due and payable in the current period and, therefore, are not reported in the funds. General obligation debt (31, 608,472) Notes payable - Village of Bayside (66, 320) Compensated absences (415,270) Unamortized debt discounts and premiums (978, 953) Deferred amounts on refundings 162,403 Net pension asset 1,052, 679 Accrued interest (219, 082) Net OPEB obligation (4, 452,497)
Net position of governmental activities $ 13,412,295
The accompanying notes are an integral part of this statement.
26 VILLAGE OF WHITEFISH BAY, WISCONSIN Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds Year Ended December 31, 2020
Borrowed Nonmajor Total General Debt Service Money Governmental Governmental Fund Fund Fund Funds Funds
Revenues Taxes $ 7,972,045 $ 2,485,870 $ - $ 1,953,249 $ 12,411,164 Intergovernmental 1,392,991 395,558 - 97,473 1,886,022 Licenses and permits 513,613 - - - 513,613 Fines, forfeitures and penalties 240,417 - - 11,761 252,178 Public charges for services 87,456 - - 1,735 89,191 Special assessments - - - 5,529 5,529 Miscellaneous 705,196 - 16,165 19,322 740,683 Total revenues 10,911,718 2,881,428 16,165 2,089,069 15,898,380 Expenditures Current General government 1,756,802 - - - 1,756,802 Public safety 6,046,526 - 3,451,884 - 9,498,410 Public works 2,286,493 - - - 2,286,493 Health and social services 219,788 - - - 219,788 Conservation and development - - - 290,232 290,232 Library - - - 706,358 706,358 Capital Outlay 780,197 - 1,424,299 602,236 2,806,732 Debt service Principal - 2,850,154 - - 2,850,154 Interest and fiscal charges - 990,255 83,462 - 1,073,717 Total expenditures 11,089,806 3,840,409 4,959,645 1,598,826 21,488,686
Excess (deficiency) of revenues over expenditures (178,088) (958,981) (4,943,480) 490,243 (5,590,306)
Other financing sources (uses) Proceeds from sale of capital assets 8,370 - - - 8,370 Premium on long-term debt issued - - 210,346 - 210,346 Long-term debt issued - - 3,325,000 - 3,325,000 Transfer in 270,688 579,228 - - 849,916 Transfer out (52,289) - - (526,939) (579,228) Total other financing sources (uses) 226,769 579,228 3,535,346 (526,939) 3,814,404
Net change in fund balances 48,681 (379,753) (1,408,134) (36,696) (1,775,902)
Fund balances - beginning of year 7,525,129 379,753 3,260,269 2,721,397 13,886,548
Fund balances - end of year $ 7,573,810 $ - $ 1,852,135 $ 2,684,701 $ 12,110,646
The accompanying notes are an integral part of this statement.
27 VILLAGE OF WHITEFISH BAY, WISCONSIN Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities Year Ended December 31, 2020
Net change in fund balances-total governmental funds $ (1, 775,902)
Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense. Capital outlay is reported as an expenditure in the fund financial statements but is capitalized in the government-wide financial statements 2,806, 732 Some items reported as capital outlay expenditures in the fund financial statements are operating expenses in the government-wide statements (533,239) Depreciation expense is reported in the government-wide statements (2,264,890)
Debt issued provides current financial resources to governmental funds, but issuing debt increases long-term liabilities in the statement of net position. Repayment of debt principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net position. Debt issued (3, 325,000) Principal retired 2,850, 154 Debt premium issued (210, 346) Amortization of debt premium/discounts 72,332 Amortization of book loss on debt refunding (79, 277)
Receivables not currently available are reported as revenue when collected or currently available in the fund financial statements but are recognized as revenue when earned in the government-wide financial statements. Loan receivable 2,594, 705 Special assessments (5, 764)
Some expenses in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds. Accrued interest 167,838 Compensated absences 14,098 Pension activity (36, 662) OPEB activity (221, 476)
Change in net position of governmental activities $ 53,303
The accompanying notes are an integral part of this statement.
28 VILLAGE OF WHITEFISH BAY, WISCONSIN Statement of Net Position - Proprietary Funds December 31, 2020
Business-type Activities - Enterprise Funds Water Utility Sewer Utility Stormwater Utility Totals Assets Current Assets Cash and cash equivalents $ 473,120 $ 1,348,835 $ 928,966 $ 2,750,921 Accounts receivable 859,601 1,039,628 231,215 2,130,444 Inventories 25,284 - - 25,284 Prepaid expenditures 6,283 6,283 6,283 18,849 Restricted Assets Cash and investments - 259,179 - 259,179 Deposits with North Shore Water Commission 136,923 - - 136,923 Total Current Assets 1,501,211 2,653,925 1,166,464 5,321,600 Noncurrent Assets Restricted - Net Pension Asset 35,461 32,817 32,072 100,350 Land 44,084 - - 44,084 Construction in progress - - 5,229 5,229 Equipment and infrastructure 20,926,620 21,359,112 9,993,782 52,279,514 Less: Accumulated depreciation (7,654,811) (5,021,138) (1,871,947) (14,547,896) Total Capital Assets 13,315,893 16,337,974 8,127,064 37,780,931 Total Noncurrent Assets 13,351,354 16,370,791 8,159,136 37,881,281 Total Assets 14,852,565 19,024,716 9,325,600 43,202,881
Deferred Outflows of Resources Deferred amounts related to pension 84,932 78,404 75,515 238,851 Deferred amount on refundings 55,970 14,214 - 70,184 Total Deferred Outflows of Resources 140,902 92,618 75,515 309,035
Liabilities Current Liabilities Accounts payable 134,063 525,016 9,380 668,459 Accrued interest 55,949 45,892 38,884 140,725 Accrued liabilities 8,901 8,813 9,228 26,942 Current portion of long-term debt 792,262 761,396 274,486 1,828,144 Total Current Liabilities 991,175 1,341,117 331,978 2,664,270 Noncurrent Liabilities Long-term debt Noncurrent portion of long-term debt 6,937,727 9,023,681 4,536,988 20,498,396 Total Noncurrent Liabilities 6,937,727 9,023,681 4,536,988 20,498,396 Total Liabilities 7,928,902 10,364,798 4,868,966 23,162,666
Deferred Inflows of Resources Deferred amounts related to pension 105,288 100,084 98,616 303,988 Total Deferred Inflows of Resources 105,288 100,084 98,616 303,988
Net Position Net investment in capital assets 5,613,952 6,583,297 4,170,812 16,368,061 Restricted for net pension asset 35,461 32,817 32,072 100,350 Restricted for North Shore Water Commission 136,923 - - 136,923 Restricted for equipment replacement - 259,179 - 259,179 Unrestricted 1,172,941 1,777,159 230,649 3,180,749
Total Net Position $ 6,959,277 $ 8,652,452 $ 4,433,533 $ 20,045,262
The accompanying notes are an integral part of this statement.
29 VILLAGE OF WHITEFISH BAY, WISCONSIN Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds Year Ended December 31, 2020
Business-type Activities - Enterprise Funds Water Utility Sewer Utility Stormwater Utility Totals
Operating Revenues Charges for services $ 1,900,305 $ 2,502,149 $ 613,509 $ 5,015,963 Other operating revenues 290,515 15,791 5,085 311,391 Total Operating Revenues 2,190,820 2,517,940 618,594 5,327,354
Operating Expenses Operation and maintenance 962,742 1,232,871 475,357 2,670,970 Depreciation 521,343 627,389 388,764 1,537,496 Total Operating Expenses 1,484,085 1,860,260 864,121 4,208,466
Operating Income (Loss) 706,735 657,680 (245, 527) 1,118,888
Nonoperating Revenues (Expenses) Interest income 12,576 19,861 9,788 42,225 Interest expense (227,427) (379,397) (69,710) (676,534) Debt issue costs & amortization (9,358) (2,908) (599) (12,865) Loss on disposal of assets (1,364,894) - - (1,364,894) Lateral lining proceeds - 150,184 - 150,184 Lateral lining on personal property - (11, 613) - (11, 613) Total Nonoperating Revenues (Expenses) (1,589,103) (223, 873) (60, 521) (1, 873,497)
Income (loss) before transfers (882,368) 433,807 (306,048) (754,609)
Transfers in 91,434 - - 91,434 Transfers out (270,688) (91, 434) - (362, 122)
Change in net position (1,061,622) 342,373 (306,048) (1,025,297)
Net position - beginning of year 8,020,899 8,310,079 4,739,581 21,070,559
Net position - end of year $ 6,959,277 $ 8,652,452 $ 4,433,533 $ 20,045,262
The accompanying notes are an integral part of this statement.
30 VILLAGE OF WHITEFISH BAY, WISCONSIN Statement of Cash Flows - Proprietary Funds Year Ended December 31, 2020
Business-type Activities - Enterprise Funds Water Utility Sewer Utility Stormwater Utility Totals
Cash Flows from Operating Activities Received from customers $ 2,044,796 $ 2,363,149 $ 620,760 $ 5,028,705 Paid to suppliers for goods and services (807,445) (1,202,384) (321,370) (2,331,199) Paid to employees for services (246,245) (217,130) (165,114) (628,489) Net cash provided by operating activities 991,106 943,635 134,276 2,069, 017
Cash Flows from Noncapital Financing Activities Payments for Private Property Inflow & Infiltration - 138,571 - 138,571 Receipts from (payments to) other funds (179,254) (91,434) - (270,688) Net cash provide by (used in) noncapital financing activities (179,254) 47,137 - (132,117)
Cash Flows from Capital and Related Financing Activities Debt principal paid (766,630) (1,079,591) (270,000) (2,116,221) Debt interest paid (251,179) (397,775) (76,617) (725,571) Acquisition and construction of capital assets (616,060) (40,179) (79,537) (735,776) Net cash used in capital and related financing activities (1,633,869) (1,517,545) (426,154) (3,577,568)
Cash Flows from Investing Activities Proceeds from sale or maturity of investments and payments to acquire investments 288,470 (3,977) - 284,493 Investment income 12,576 19,861 9,788 42,225 Net cash flows provided by investing activities 301,046 15,884 9,788 326,718
Net change in cash and cash equivalents (520,971) (510,889) (282,090) (1,313,950)
Cash and cash equivalents - beginning of year 994,091 1,859,724 1,211, 056 4,064, 871
Cash and cash equivalents - end of year $ 473,120 $ 1,348,835 $ 928,966 $ 2,750,921
Reconciliation of Operating Income (Loss) to Net Cash Flows from Operating Activities: Operating income (Loss) $ 706,735 $ 657,680 $ (245,527) $ 1,118,888 Adjustments to reconcile operating income to net cash flows from operating activities: Depreciation expense 521,343 627,389 388,764 1,537,496 Changes in assets, liabilities, deferred outflows and inflows Accounts receivable (146,024) (154,791) 2,166 (298,649) Inventory 4,573 - - 4,573 Prepaids (6,283) (6,283) (6,283) (18,849) Accounts payable (57,688) (178,946) (1,267) (237,901) Net pension (asset) liability (71,982) (71,982) (71,982) (215,946) Accrued liabilities (32,759) (2,623) (4,786) (40,168) Deferred outflows 21,093 21,093 21,093 63,279 Deferred inflows 52,098 52,098 52,098 156,294 Net cash provided by operating activities $ 991,106 $ 943,635 $ 134,276 $ 2,069,017
Noncash Capital and Related Financing Activities Capital asset additions reported in accounts payable $ 108,588 $ 485,541 $ - $ 594,129
The accompanying notes are an integral part of this statement.
31 VILLAGE OF WHITEFISH BAY, WISCONSIN Statement of Fiduciary Net Position December 31, 2020
Tax Collection Custodial Fund ASSETS Cash and investments $ 17,582,673 Taxes receivable 21,616,829 Total assets $ 39,199,502
DEFERRED INFLOWS OF RESOURCES Taxes levied for subsequent year's budget $ 39,199,502
VILLAGE OF WHITEFISH BAY, WISCONSIN Statement of Changes in Fiduciary Net Position Year Ended December 31, 2020
Tax Collection Custodial Fund ADDITIONS Tax collections on behalf of other taxing jurisdictions $ 40,249,465
DEDUCTIONS Tax collections disbursed to other taxing jurisdictions $ 40,249,465
Net change in fiduciary net position -
Net position - beginning -
Net position - ending $ -
The accompanying notes are an integral part of this statement.
32 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of the Village of Whitefish Bay (Village) conform to generally accepted accounting principles as applicable to governmental units. The accepted standard-setting body for establishing governmental accounting and financial reporting principles is the Governmental Accounting Standards Board (GASB).
A. Reporting Entity
This report includes all of the funds of the Village of Whitefish Bay. The reporting entity for the Village consists of a) the primary government, b) organizations for which the primary government is financially accountable, and c) other organizations for which the nature and significance of their relationship with the primary government are such that their exclusion would cause the reporting entity's financial statements to be misleading or incomplete. A legally separate organization should be reported as a component unit if the elected officials of the primary government are financially accountable to the organization. The primary government is financially accountable if it appoints a voting majority of the organization's governing body and 1) it is able to impose its will on that organization or 2) there is a potential for the organization to provide specific financial benefits to or burdens on the primary government. The primary government may be financially accountable if an organization is fiscally dependent on the primary government.
A legally separate, tax exempt organization should be reported as a component unit of a reporting entity if all of the following criteria are met: 1) the economic resources received or held by the separate organization are entirely or almost entirely for the direct benefit of the primary government, its component units, or its constituents; 2) the primary government is entitled to, or has the ability to otherwise access, a majority of the economic resources received or held by the separate organization; 3) the economic resources received or held by an individual organization that the specific primary government, or its component units, is entitled to, or has the ability to otherwise access, are significant to that primary government. Blended component units, although legally separate entities, are, in substance, part of the government's operations and are reported with similar funds of the primary government. Each discretely presented component unit should be reported in a separate column in the government-wide financial statements to emphasize that it is legally separate from the government.
Discretely Presented Component Unit
Business Improvement District (BID)
The government-wide financial statements include the Business Improvement District ("BID") as a component unit. The BID is a legally separate organization. The Board of the BID is appointed by the Village Board. Wisconsin Statutes provide for circumstances whereby the Village can impose their will on the BID, and also create a potential financial benefit to or burden on the Village. As a component unit, the BID's financial statements have been presented as a discrete column in the financial statements. The information presented is for the fiscal year ended December 31, 2020. There are no separate financial statements issued.
33 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
B. Government-Wide and Fund Financial Statements
Government-Wide Financial Statements
The statement of net position and statement of activities display information about the reporting government as a whole. They include all funds of the reporting entity except for fiduciary funds. The statements distinguish between governmental and business-type activities. Governmental activities generally are financed through taxes, intergovernmental revenues, and other non- exchange revenues. Business-type activities are financed in whole or in part by fees charged to external parties for goods or services.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. The Village does not allocate indirect expenses to functions in the statement of activities. Program revenues include 1) charges to customers or applicants who purchase, use or directly benefit from goods, services, or privileges provided by a given function or segment, and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not included among program revenues are reported as general revenues. Internally dedicated resources are reported as general revenues rather than as program revenues.
Fund Financial Statements
Financial statements of the reporting entity are organized into funds, each of which are considered to be a separate accounting entity. Each fund is accounted for by providing a separate set of self-balancing accounts, which constitute its assets, deferred outflows, liabilities, deferred inflows, net position/fund equity, revenues, expenditure/expenses, and other financing sources (uses).
Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements.
Funds are organized as major funds or nonmajor funds within the governmental and proprietary statements. An emphasis is placed on major funds within the governmental and proprietary categories. A fund is considered major if it is the primary operating fund of the Village or meets the following criteria:
a. Total assets and deferred outflows, liabilities and deferred inflows, revenues, or expenditures/expenses of that individual governmental or enterprise fund are at least 10% of the corresponding total for all funds of that category or type, and
b. The same element of the individual governmental fund or enterprise fund that met the 10% test is at least 5% of the corresponding total for all governmental and enterprise funds combined. 34 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
B. Government-Wide and Fund Financial Statements (continued)
Fund Financial Statements (continued)
c. In addition, any other governmental or enterprise fund that the Village believes is particularly important to financial statement users may be reported as a major fund.
The Village reports the following major governmental funds:
General Fund - accounts for the Village's primary operating activities. It is used to account for all financial resources except those required to be accounted for in another fund.
Debt Service Fund - used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs.
Borrowed Money Fund - accounts for bond proceeds to be used for the acquisition of equipment or construction of major capital facilities (other than those financed by Proprietary Funds).
The Village reports the following major enterprise funds:
Water Utility – used to accounts for operations of the water system Sewer Utility – used to accounts for operations of the sanitary sewer system Stormwater Utility – used to account for the operations of stormwater system
The Village reports the following nonmajor governmental funds:
Nonmajor Governmental Funds Special Revenue Funds – used to account for the proceeds of specific revenue sources (other than major capital projects) that are legally restricted to expenditures for specified purposes. Donation Fund TIF #1 Fund TIF #2 Fund Library Fund
Capital Projects – used to account for financial resources to be used for the acquisition of equipment or construction of major capital facilities (other than those financed by Proprietary Funds). TIF #1 Fund TIF #2 Fund Capital Equipment Fund Public Improvement Fund Library Expansion Fund
35 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
B. Government-Wide and Fund Financial Statements (continued)
Fund Financial Statements (continued)
In addition, the Village reports the following fund types:
Custodial funds – used to account for the taxes collected by the Village held in a trustee capacity for the taxing jurisdictions within the Village.
C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
Government-Wide Financial Statements
The government-wide statement of net position and statement of activities are reported using the economic resources measurement focus and the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses are recorded when the liability is incurred or economic asset used. Revenues, expenses, gains, losses, assets, deferred outflows of resources, liabilities and deferred inflows of resources resulting from exchange and exchange-like transactions are recognized when the exchange takes place. Property taxes are recognized as revenues in the year for which they are levied. Taxes receivable for the following year are recorded as receivables and deferred inflows of resources. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider are met. Special assessments are recorded as revenue when earned. Unbilled receivables are recorded as revenues when services are provided.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are charges between the Village's water, sewer, and stormwater utilities and various other functions of the government. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned.
36 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (continued)
Fund Financial Statements
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recorded when they are both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the Village considers revenues to be available if they are collected within 90 days of the end of the current fiscal period, except for property taxes which are considered to be available if collected within 60 days. Expenditures are recorded when the related fund liability is incurred, except for unmatured interest on long-term debt, claims, judgments, compensated absences, other post- employment benefits, and pension expenditures, which are recorded as a fund liability when expected to be paid with expendable available financial resources.
Property taxes are recorded in the year levied as receivables and deferred inflows. They are recognized as revenues in the succeeding year when services financed by the levy are being provided.
Intergovernmental aids and grants are recognized as revenues in the period the Village is entitled to the resources and the amounts are available. Amounts owed to the Village which are not available are recorded as receivables and deferred inflows. Amounts received prior to the entitlement period are recorded as unearned revenues.
Special assessments are recorded as revenues when they become measurable and available as current assets. Annual installments due in future years are reflected as receivables and deferred inflows. It is the practice of the Village to utilize special assessment collections to finance future capital project expenditures.
Revenues susceptible to accrual include property taxes, miscellaneous taxes, public charges for services, special assessments, and interdepartmental charges for services, cable television fees, library nonresident fees and interest. Other general revenues such as fines and forfeitures, licenses and permits, public charges for services and commercial revenues (except investment earnings) are recognized when received in cash or when measurable and available under the criteria described above.
37 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (continued)
Fund Financial Statements (continued)
The Village reports deferred inflows and unearned revenues on its governmental funds balance sheet. Deferred inflows arise from taxes levied in the current year which are for the subsequent year's operations. For governmental fund financial statements, deferred inflows arise when a potential revenue does not meet both the "measurable" and "available" criteria for recognition in the current period. Unearned revenues also arise when resources are received before the Village has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying expenditures. In subsequent periods, when both revenue recognition criteria are met, or when the Village has a legal claim to the resources, the liability or deferred inflow is removed from the balance sheet and revenue is recognized.
Proprietary and fiduciary fund financial statements (other than custodial funds) are reported using the economic resources measurement focus and the accrual basis of accounting, as described previously in this note. Custodial funds follow the accrual basis of accounting, and do not have a measurement focus.
The proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the proprietary funds are charges to customers for sales and services. Special assessments are recorded as receivables and contribution revenue when levied. Operating expenses for proprietary funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.
All Financial Statements
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, deferred outflows of resources, liabilities and deferred inflows of resources and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates.
38 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position or Equity
Deposits and Investments
For purposes of the statement of cash flows, the Village considers all highly liquid investments with an initial maturity of three months or less when acquired to be cash equivalents.
Investment of Village funds is restricted by state statutes. Available investments are limited to:
a. Time deposits in any credit union, bank, savings bank or trust company maturing in three years or less. b. Bonds or securities of any county, drainage district, technical college district, village, town, or school district of the state. Also, bonds issued by a local exposition district, a local professional baseball park district, a local professional football stadium district, a local cultural arts district, the University of Wisconsin Hospitals and Clinics Authority, or the Wisconsin Aerospace Authority. c. Bonds or securities issued or guaranteed by the federal government. d. The local government investment pool. e. Any security maturing in seven years or less and having the highest or second highest rating category of a nationally recognized rating agency. f. Securities of an open-end management investment company or investment trust, subject to various conditions and investment options. g. Repurchase agreements with public depositories, with certain conditions.
The Village has adopted an investment policy. That policy follows the state statute for allowable investments. Investments are stated at fair value, which is the amount at which an investment could be exchanged in a current transaction between willing parties. Fair values are based on quoted market prices. No investments are reported at amortized cost. Adjustments necessary to record investments at fair value are recorded in the operating statement as increases or decreases in investment income. Investment income on commingled investments of municipal accounting funds is allocated based on average balances.
39 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position or Equity (continued)
Deposits and Investments (continued)
The Wisconsin Local Government Investment Pool (LGIP) is part of the State Investment Fund (SIF), and is managed by the State of Wisconsin Investment Board. The SIF is not registered with the Securities and Exchange Commission, but operates under the statutory authority of Wisconsin Chapter 25. The SIF reports the fair value of its underlying assets annually.
Participants in the LGIP have the right to withdraw their funds in total on one day's notice. On December 31, 2020, the fair value of the Village's share of the LGIP's assets was substantially equal to the amount as reported in these statements.
See Note III. A. for further information.
Receivables
Property taxes are levied in December on the assessed value as of the prior January 1. In addition to property taxes for the Village, taxes are collected for and remitted to the state and county governments as well as the local school district and technical college district.
Property tax calendar - 2019 tax roll: Lien date and levy date December 2020 Tax bills mailed December 2020 Payment in full, or January 31, 2021 First installment due January 31, 2021 Second installment due March 31, 2021 Third installment due May 31, 2021 Personal property taxes in full January 31, 2021
Delinquent real estate taxes as of July 31 are paid in full by the county, which assumes the collection thereof. No provision for uncollectible accounts receivable has been made for the water, sewer and parking utilities because they have the right by law to place substantially all delinquent bills on the tax roll, and other delinquent bills are generally not significant.
During the course of operations, transactions occur between individual funds that may result in amounts owed between funds. Short-term interfund loans are reported as "due to and from other funds." Long-term interfund loans (noncurrent portion) are reported as "advances from and to other funds." Interfund receivables and payables between funds within governmental activities are eliminated in the statement of net position. Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as "internal balances".
40 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position or Equity (continued)
Receivables (continued)
In the general fund, advances to other funds are classified as nonspendable fund balance which indicates that they do not constitute expendable available financial resources and, therefore, are not available for appropriation.
The Water and Sewer Utilities provide services to customers within the municipal boundaries. Metered water sales to consumers are billed at rates approved by the Public Service Commission of Wisconsin. Sewer customers are billed at rates established by the Village Board for local charges plus actual cost of service provided by the Milwaukee Metropolitan Sewerage District. Customers are billed on a quarterly basis, payable in 20 days. Unbilled revenues from the last metered billing to the end of the year are recorded as accrued revenue. All delinquent accounts receivable balances at the time of the property tax lien date are placed on the customer's tax bill and collected through the normal tax collection process.
The Stormwater Utility provides services to customers within the municipal boundaries. Stormwater charges have been established, including base charge (BC), equivalency charge (EC), and special charge (SC). Charges are calculated using the equivalent runoff unit (ERU) of each property. Customers are billed on a quarterly basis, payable in 20 days. Unbilled revenues from the quarter billing to the end of the year are recorded as accrued revenue. All delinquent accounts receivable balances at the time of the property tax lien date are placed on the customer's tax bill and collected through the normal tax collection process.
Inventories and Prepaid Items
Governmental fund inventory of materials and supplies are not recognized, as amounts are not considered material. Proprietary fund inventories are generally used for construction and for operation and maintenance work. They are not for resale. They are valued at the lower of cost or net realizable value on a first-in, first-out (FIFO) basis based on physical quantities on hand and are charged to construction or operation and maintenance expense when used.
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. Prepaid items are reported on the purchases method in the governmental funds.
Restricted Assets
Mandatory segregations of assets are presented as restricted assets. Such segregations are required by external parties. Current liabilities payable from these restricted assets are so classified, if any.
41 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position or Equity (continued)
Capital Assets
Government-Wide Statements
Capital assets, which include property, plant and equipment, are reported in the government- wide financial statements. Capital assets are defined by the government as assets with an initial cost of more than $500 for general capital assets and infrastructure assets, and an estimated useful life in excess of one year. All capital assets are valued at historical cost or estimated historical cost if actual amounts are unavailable. Donated capital assets are recorded at their estimated fair value at the date of donation.
Additions to and replacements of capital assets of business-type activities are recorded at original cost, which includes material, labor, overhead, and an allowance for the cost of funds used during construction when significant. The cost of renewals and betterments relating to retirement units is added to plant accounts. The cost of property replaced, retired or otherwise disposed of, is deducted from plant accounts and, generally, together with removal costs less salvage, is charged to accumulated depreciation.
Depreciation of all exhaustible capital assets is recorded as an allocated expense in the statement of activities, with accumulated depreciation reflected in the statement of net position. Depreciation is provided over the assets' estimated useful lives using the straight-line method of depreciation and for the water utility assets in service they are depreciated using the straight- line method at rates certified by the Public Service Commission. The range of estimated useful lives by type of asset is as follows:
Buildings 7-40 Years Improvements other than Building 10-75 Years Machinery and Equipment 3-30 Years Utility System 5-80 Years Infrastructure 20-80 Years
Fund Financial Statements
In the fund financial statements, capital assets used in governmental fund operations are accounted for as capital outlay expenditures of the governmental fund upon acquisition. Capital assets used in proprietary fund operations are accounted for the same way as in the government-wide statements.
42 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position or Equity (continued)
Deferred Outflows of Resources
In addition to assets, the statement of financial position reports a separate section for deferred outflows of resources. This separate financial statement element, represents an outflow of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense) until then. The Village reports deferred outflows for loss amounts on the refunding of long-term debt, deferred amounts related to pension, and deferred amounts related to OPEB.
Deferred Inflows of Resources
In addition to liabilities, the statement of financial position reports a separate section for deferred inflows of resources. This separate financial statement element, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until then. The Village reports deferred inflows for property taxes levied but supporting the subsequent years’ budget. These deferred inflows are reported on both the governmental fund and the government-wide financial statements. Additionally, the Village reports unavailable revenue, within its governmental funds balance sheet. The governmental funds report unavailable revenues for revenues which are earned and measurable but not available. These amounts are recognized as an inflow of resources in the period that the amounts become available. The Village also reports deferred inflows for deferred amounts related to pension and deferred amounts related to OPEB.
Compensated Absences
Under terms of employment, employees are granted sick pay benefits and vacations in varying amounts. Vacation time is not cumulative from year to year. Sick pay benefits are cumulative in accordance with the provision of union contracts and administrative policies to specified maximums. Accumulated sick leave benefits are payable in cash or health insurance in accordance with terms of the applicable contract or policies upon an employee's retirement. The government-wide statements include a liability for the estimated probable payments of accumulated leave. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements, or are payable with expendable available resources.
43 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position or Equity (continued)
Other Postemployment Benefits
Health Insurance: The Village will pay a portion of health insurance premiums for employees retiring under certain conditions until the employee reaches age 65. Eligibility and benefit provisions are based on contractual agreements with employee union contracts or employee benefit policies. The Village funds these benefits on a pay-as-you-go basis and funding is expected to come primarily from the Village’s General Fund. The Village has obtained an actuarial evaluation to determine the cost of these benefits. A liability for other postemployment benefits is reported on the government-wide financial statements as a governmental activities liability.
Life Insurance: The fiduciary net position of the Local Retiree Life Insurance Fund (LRLIF) has been determined using the flow of economic resources measurement focus and the accrual basis of accounting. This includes for purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to other post-employment benefits, OPEB expense, and information about the fiduciary net position of the LRLIF and additions to/deductions from LRLIFs fiduciary net position have been determine on the same basis as they are reported by LRLIF. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
Long-Term Obligations/Conduit Debt
All long-term obligations to be repaid from governmental and business-type resources are reported as liabilities in the government-wide financial statements. The long-term obligation consists primarily of notes and bonds payable, unfunded retirement liabilities and accrued compensated absences.
Long-term obligations for governmental funds are not reported as liabilities in the fund financial statements. The face values of debts are reported as other financing sources and payments of principal and interest are reported as expenditures. The accounting in proprietary funds is the same as it is in the government-wide statements.
Pensions
For purposes of measuring the net pension liability(asset), deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Wisconsin Retirement System (WRS) and additions to/deductions from WRS’ fiduciary net position have been determined on the same basis as they are reported by WRS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
44 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position or Equity (continued)
Claims and Judgments
Claims and judgments are recorded as liabilities if all the conditions of Governmental Accounting Standards Board pronouncements are met. The liability and expenditure for claims and judgments are only reported in governmental funds if it has matured. Claims and judgments are recorded in the government-wide statements and proprietary funds as expenses when the related liabilities are incurred. There were no significant claims or judgments at year end.
Equity Classifications
Government-Wide Financial Statements
Equity is classified as net position and displayed in three components:
a. The net investment in capital assets component of net position consists of capital assets, net of accumulated depreciation, reduced by the outstanding balances (excluding unspent bond proceeds) of bonds, mortgages, notes or other borrowings that are attributable to the acquisition, construction, or improvement of those assets.
b. The restricted component of net position consists of restricted assets reduced by liabilities and deferred inflows of resources related to those assets. Generally, a liability or deferred inflow relates to restricted assets if the asset results from a resource flow that results in the recognition of a liability or deferred inflows or if the liability will be liquidated with the restricted assets reported.
c. The unrestricted component of net position is the amount of the assets and deferred outflows, net of the liabilities and deferred inflows that are not included in the determination of net investment in capital assets or the restricted components of net position.
When both restricted and unrestricted resources are available for use, it is the Village's policy to use restricted resources first, then unrestricted resources as they are needed.
45 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Assets, Deferred Outflows of Resources, Liabilities, Deferred Inflows of Resources, and Net Position or Equity (continued)
Equity Classifications (continued)
Fund Financial Statements
The Village follows GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, as described below.
In the fund statements, governmental fund equity is classified as fund balance and displayed in five components.
. Nonspendable fund balance - Amounts that cannot be spent because they are 1) not in spendable form or 2) legally or contractually required to be maintained intact.
. Restricted fund balance - Amounts constrained to use for a specific purpose and are either: 1) externally imposed by creditors, grantors, contributors, or laws or regulations of other governments or 2) imposed by law through constitutional provisions or enabling legislation. Fund balance restrictions are legally enforceable when a third party can enforce the resources to be used appropriately.
. Committed fund balance - Amounts constrained for specific purposes that are internally imposed by the government through formal action of the highest level of decision making authority. Fund balance amounts are committed through a formal action (resolution) of the Village Board. Any changes to the constraints imposed require the same formal action of the Village Board that originally created the commitment.
. Assigned fund balance - Funds that are constrained by Village management with the intent for the amount to be used for specific purposes, but is neither restricted nor committed.
. Unassigned fund balance - The balance of General Fund’s fund balance available for appropriation.
It is the Village’s policy to use fund balance resources in the following manner: first, restricted, then committed, then assigned, and finally unassigned.
46 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE II - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
A. Budgetary Information
Budgetary information is derived from the annual operating budget and is presented using the same basis of accounting for each fund as described in Note I. C.
The Village adopted annual governmental fund budgets for the General Fund, Library Fund, Debt Service Funds and Capital Projects Funds. These budgets are adopted in accordance with state statutes and prepared on a basis consistent with generally accepted accounting principles. All annual appropriations lapse at year-end except for certain nonlapsing funds specifically designated by the Board. Budgetary control is exercised at the individual fund level for each fund.
B. Deficit Fund Balances
Accounting principles generally accepted in the United States of America require disclosure of individual funds that have a deficit balances at year end.
The TIF #1 and TIF #2 Capital Projects Fund had deficit fund balance of $1,574,394 and $927,944, respectfully, which are expected to be funded through future tax increments.
NOTE III - DETAILED NOTES TO ALL FUNDS
A. Deposits and Investments
The Village’s cash and investments at year end were comprised of the following:
Carrying Bank Associated Value Balance Risks
Petty cash $ 2,604 $ - N/A Demand deposits 24,075,867 22,036,094 Custodial credit risk LGIP 10,369,016 10,369,016 Credit and interest rate risk Money Market 138,694 138,694 Custodial credit risk Certificates of Deposit 3,923,366 3,923,366 Custodial credit and interest rate risk
Total cash and investments $ 38,509,547 $ 36,467,170
Reconciliation to statements of net position Per statement of net position Unrestricted cash and investments $ 20,667,695 Restricted cash and investments 259,179 Per statement of fiduciary net position Custodial fund cash and investments 17,582,673
Total cash and investments $ 38,509,547
47 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
A. Deposits and Investments (continued)
Deposits in each local and area bank are insured by the FDIC in the amount of $250,000 for demand deposit accounts and $250,000 coverage for time deposits.
Bank accounts are also insured by the State Deposit Guarantee Fund in the amount of $400,000. However, due to the relatively small size of the Guarantee Fund in relationship to the total deposits covered and other legal implications, recovery of material principal losses may not be significant to individual municipalities.
Custodial Credit Risk
Deposits
Custodial credit risk is the risk that in the event of a financial institution failure, the Village's deposits may not be returned to the Village. As of December 31, 2020, none of the Village’s bank balance was exposed to custodial credit risk as uninsured, uncollateralized.
Investments
For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the Village will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. As of December 31, 2020, none of the Village’s investment balance was exposed to custodial credit risk.
The Village’s investment policy does not address custodial credit risk.
Credit Risk
Credit risk is the risk that an issuer or other counter party to an investment will not fulfill its obligation. As of December 31, 2020, the Village had $10,369,016 invested in the LGIP that is not rated.
48 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
A. Deposits and Investments (continued)
Interest Rate Risk
Interest rate risk is the risk that changes in interest rates will adversely affect the fair market value of an investment. As of December 31, 2020, the Village’s investments were as follows:
Maturity in years Investment Type Fair Value < 1 Year 1 - 5 Years
LGIP $ 10,369,016 $ 10,369,016 $ - Certificates of Deposit 3,923,366 1,133,793 2,789,573 Total $ 14,292,382 $ 11,502,809 $ 2,789,573
B. Receivables
Governmental funds report deferred inflows of resources in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Property taxes levied for subsequent year are not earned and cannot be used to liquidate liabilities of the current period. Governmental funds record a liability for unearned revenue in connection with resources that have been received, but not yet earned. At the end of the current fiscal year, the various components of deferred inflows of resources reported in the governmental funds were as follows:
Unavailable Tax levy Totals
Property taxes levied for subsequent year $ - $ 12,697,042 $ 12,697,042 Loan receivable 3,989,065 - 3,989,065
Total deferred inflows of resources $ 3,989,065 $ 12,697,042 $ 16,686,107
C. Loan Receivable
The Village issued $5.015 million General Obligation Fire Department Bonds in 2002, $549,556 in 2019, and $3,325,000 in 2020 and loaned the proceeds to the North Shore Fire Department. Each of the municipalities that participate in North Shore Fire Department, including the Village, have formally pledged to finance the debt service payments on these bonds in accordance with cost sharing arrangements. On December 31, 2020, the Village has reported a $3,989,065 loan receivable (and deferred inflow of resources in the fund statements) representing amounts due from the other participating municipalities.
49 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
D. Restricted Assets
Following is a list of restricted assets at December 31, 2020:
Restricted Fund Assets Water Utility Deposits with North Shore Water Commission $ 136,923 Restricted for net pension asset 35,461 Total Restricted 172,384 Sewer Utility Restricted for equipment replacement 259,179 Restricted for net pension asset 32,817 Total Restricted 291,996 Stormwater Utility Restricted for net pension asset 32,072
Total business-type activities restricted assets $ 496,452
50 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
E. Capital Assets
Capital asset activity for the governmental activities for the year ended December 31, 2020 was as follows:
Beginning Ending Balance Additions Deletions Balance Governmental activities Capital assets not being depreciated Land $ 1,435,706 $ - $ - $ 1,435,706 Construction in progress 959,768 84,866 974,580 70,054 Total capital assets, not being depreciated 2,395,474 84,866 974,580 1,505,760
Capital assets being depreciated Buildings 11,317,126 1,065,684 93,302 12,289,508 Improvements 1,096,243 - - 1,096,243 Machinery and equipment 7,227,352 698,611 46,610 7,879,353 Infrastructure 48,754,897 1,398,912 690,474 49,463,335 Total capital assets being depreciated 68,395,618 3,163,207 830,386 70,728,439
Less accumulated depreciation Buildings 2,507,347 318,957 93,302 2,733,002 Improvements 810,170 33,951 - 844,121 Machinery and equipment 4,392,277 587,650 46,610 4,933,317 Infrastructure 30,118,539 1,324,332 690,474 30,752,397 Total accumulated depreciation 37,828,333 2,264,890 830,386 39,262,837
Capital assets being depreciated, net of depreciation 30,567,285 898,317 - 31,465,602
Total capital assets, net of depreciation $32,962,759 $ 983,183 $ 974,580 $32,971,362
51 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
E. Capital Assets (continued)
Depreciation expense was charged to governmental activities’ functions as follows:
Governmental Activities General government $ 83,367 Public safety 158,342 Public works, which includes depreciation for infrastructure 1,737,088 Conservation & development 34,039 Library 222,827 Parks and recreation 29,227
Total governmental activities depreciation expense $ 2,264,890
Capital asset activity for the business-type activities for the year ended December 31, 2020 was as follows:
Beginning Ending Balance Adjustments* Additions Deletions Balance Business-type activities Capital assets not being depreciated Land $ 44,084 $ - $ - $ - $ 44,084 Construction in progress 47,588 - 7,228 49,587 5,229 Total capital assets not being depreciated 91,672 - 7,228 49,587 49,313
Capital assets being depreciated Structures and improvements 961,728 - - - 961,728 Water distribution system 17,251,055 (1,608,376) 109,476 25,485 15,726,670 Sewer collection system 20,380,895 - 500,996 - 20,881,891 Stormwater collection system 9,799,323 - 49,587 - 9,848,910 Water machinery and equipment 3,918,077 - 499,583 179,438 4,238,222 Sewer machinery and equipment 452,500 - 24,721 - 477,221 Stormwater equipment 120,151 - 24,721 - 144,872 Total capital assets being depreciated 52,883,729 (1,608,376) 1,209,084 204,923 52,279,514
Less accumulated depreciation Structures and improvements 884,886 (6,693) 14,642 - 892,835 Water distribution system 3,665,000 (236,789) 349,175 25,485 3,751,901 Sewer collection system 4,004,225 - 589,468 - 4,593,693 Stormwater collection system 1,446,409 - 374,206 - 1,820,615 Water machinery and equipment 3,031,987 - 157,526 179,438 3,010,075 Sewer machinery and equipment 389,524 - 37,921 - 427,445 Stormwater equipment 36,774 - 14,558 - 51,332 Total accumulated depreciation 13,458,805 (243,482) 1,537,496 204,923 14,547,896
Capital assets being depreciated, net of depreciation 39,424,924 (1,364,894) (328,412) - 37,731,618
Total capital assets, net of depreciation $39,516,596 $ (1,364,894) $ (321,184) $ 49,587 $37,780,931
*Adjustment is due to a change in regulatory estimate from the Wisconsin Public Service Commission.
52 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
E. Capital Assets (continued)
Depreciation expense was charged to business-type activities’ functions as follows:
Business-type Activities Water $ 521,343 Sewer 627,389 Stormwater 388,764
Total Business-type activities depreciation expense $ 1,537,496
F. Interfund Receivables/Payables and Transfers
Interfund Receivables/Payables
The following is a schedule of interfund receivables and payables including any overdrafts on pooled cash and investment accounts:
Receivable Fund TIF #1 Special TIF #2 Special Payable Fund Revenue Revenue
TIF #1 - Capital Projects Fund $ 1,565,860 $ - TIF #2 - Capital Projects Fund - 927,944 Subtotal 1,565,860 927,944 Less: Fund eliminations (2,493,804) Total Internal Balances - Statement of Net Position $ -
The principal reason for the above interfund amounts is to fund cash overdrafts. For the statement of net position, interfund balances which are owed within the governmental activities or business-type activities are netted and eliminated.
53 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
F. Interfund Receivables/Payables and Transfers (continued)
Transfers
The following is a schedule of interfund transfers:
Transferred To Transferred From Amount Purpose
General Fund Water Utility $ 270,688 Payment in lieu of taxes Subtotal General Fund 270,688 Debt Service Fund General Fund 52,289 Debt service Debt Service Fund TIF #1 - Special Revenue Fund 283,341 Debt service Debt Service Fund TIF #2 - Special Revenue Fund 123,488 Debt service Debt Service Fund Public Improvement 120,110 Debt service Subtotal Debt Service Fund 579,228 Water Utility Sewer Utility 91,434 Cost sharing Subtotal Water Utility 91,434 Subtotal Proprietary Funds 91,434 Total - Fund Financial Statements 941,350 Less: Fund Eliminations (670,662) Total Transfer - Government-Wide Statement of Activities $ 270,688
Transfers are used to 1) move revenues from the fund that collects them to the fund that the budget requires to expend them, or 2) move receipts restricted to debt service from funds collecting the receipts to the Debt Service Fund. Transfers from the TIF #1 Special Revenue Fund, TIF #2 Special Revenue Fund and Public Improvement Capital Projects Funds finance debt service expenditures.Transfers within the Utility funds are for tax equivalents and cost sharing.
For the statement of net position, interfund transfers within the governmental or business-type activities are netted and eliminated.
54 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
G. Long-term Obligations
Long-term obligations activity for the year ended December 31, 2020 was as follows:
Amounts Beginning Ending Due Within Balance Increases Decreases Balance One Year Governmental Activities Bonds and notes payable General obligation debt $ 31,105,802 $ 3,325,000 $2,822,330 $ 31,608,472 $ 2,817,719 Notes payable - Village of Bayside 94,144 - 27,824 66,320 27,824 Add (Subtract) deferred amount for Premium 855,862 210,346 74,120 992,088 68,004 Discounts (14,923) - (1,788) (13,135) (1,788) Total bonds and notes payable 32,040,885 3,535,346 2,922,486 32,653,745 2,911,759 Other Liabilities Total OPEB liability - health 3,818,316 552,910 300,370 4,070,856 146,772 Net OPEB liability - life 234,434 147,207 - 381,641 - Compensated absences 429,368 91,494 105,592 415,270 105,592 Total other liabilities 4,482,118 791,611 405,962 4,867,767 252,364 Total Governmental Activities long-term liabilities $ 36,523,003 $ 4,326,957 $3,328,448 $ 37,521,512 $ 3,164,123
Business-Type Activities Bonds and notes payable General obligation debt $ 19,277,443 $ - $1,773,760 $ 17,503,683 $ 1,436,586 Revenue bonds 4,676,789 - 342,461 4,334,328 355,826 Add (Subtract) deferred amount for Premium 572,643 - 38,782 533,861 38,782 Discounts (48,382) - (3,050) (45,332) (3,050) Total Business-Type Activities long-term liabilities $ 24,478,493 $ - $2,151,953 $ 22,326,540 $ 1,828,144
General Obligation Debt
All general obligation notes and bonds payable are backed by the full faith and credit of the Village. Notes and bonds in the governmental funds will be retired by future property tax levies or tax increments accumulated by the Debt Service Fund. Business-type activities’ debt is payable by revenues from user fees of those funds or, if the revenues are not sufficient, by future tax levies.
55 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
G. Long-term Obligations (continued)
In accordance with Wisconsin Statutes, total general obligation indebtedness of the Village may not exceed 5% of the equalized value of taxable property within the Village's jurisdiction. The debt limit as of December 31, 2020, was $123,654,570. Total general obligation debt outstanding at year end was $49,112,155.
Date of Final Interest Original Balance Governmental Activities Issue Maturity Rates Amount 12/31/2020
General obligation debt Refunding Bonds 02/09/10 02/01/21 2.0-3.5% $ 3,068,720 $ 353,420 Refunding Bonds 11/09/10 04/01/24 2.0-3.0% 4,996,480 1,401,052 Corporate Purpose Bonds 05/04/11 05/01/31 2.0-4.0% 3,681,760 199,000 Refunding Bonds 10/23/12 03/21/26 1.0-2.9% 1,555,000 1,095,000 Corporate Purpose Bonds 04/09/13 04/01/33 2.0-3.5% 2,585,000 1,690,000 Corporate Purpose Bonds 07/08/15 03/31/35 1.0-3.25% 6,355,000 5,060,000 Corporate Purpose Bonds 06/22/16 06/01/36 2.0-2.75% 5,620,000 4,870,000 Corporate Purpose Bonds 01/26/17 03/01/31 2.0-3.0% 5,380,000 4,405,000 Promissory Note 03/21/18 03/01/28 3.00% 1,750,000 1,560,000 Corporate Purpose Bonds 03/21/18 03/01/38 3.0-3.5% 4,625,000 4,310,000 Corporate Purpose Bonds 05/01/19 05/01/39 3.00% 3,460,000 3,340,000 Corporate Purpose Bonds 01/22/20 05/01/39 2.0-4.0% 3,325,000 3,325,000
Total Governmental Activities - general obligation debt $ 31,608,472
Note Payable - Village of Bayside – Direct Borrowing
In 2003, the Village agreed to pay to the Village of Bayside $436,931 for a portion of a new fire department. The balance due on this note was $66,320 on December 31, 2020. Principal is due annually on August 1, 2005 through 2023 and interest is due semi-annually on February 1 and August 1 beginning February 1, 2005 with interest at rates of 2.5-4.2%. Total annual principal and interest payments are approximately $30,000 until final maturity on August 1, 2023.
56 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
G. Long-term Obligations (continued)
Business-Type Activities Debt
The Water, Sewer and Stormwater Utilities have $17,503,683 in Bonds Payable General Obligation Debt outstanding on December 31, 2020.
Date of Final Interest Original Balance Business-Type Activities Debt Issue Maturity Rates Amount 12/31/2020
Water Utility Refunding Bonds 02/09/10 02/01/21 2.0-3.5% 491,280 56,580 Refunding Bonds 11/09/10 04/01/24 2.0-3.0% 512,080 143,594 Corporate Purpose Bonds 05/04/11 05/01/31 2.0-4.0% $ 1,084,798 $ 58,876 Corporate Purpose Bonds 10/23/12 09/01/32 1.0-2.5% 1,980,000 1,235,000 Corporate Purpose Bonds 04/09/13 04/01/33 2.0-3.5% 2,415,000 1,640,000 Corporate Purpose Bonds 07/08/15 03/31/35 1.0-3.25% 1,210,000 990,000 Corporate Purpose Bonds 06/22/16 06/01/36 2.0-2.75% 895,000 720,000 Corporate Purpose Bonds 01/26/17 03/01/31 2.0-3.0% 1,895,000 1,475,000 Promissory Note 03/21/18 03/01/28 3.00% 105,000 85,000 Corporate Purpose Bonds 03/21/18 03/01/38 3.0-3.5% 150,000 140,000 Corporate Purpose Bonds 05/01/19 05/01/39 3.00% 1,005,000 960,000
Total Water Utility - general obligation debt 7,504,050
Stormwater Utility Corporate Purpose Bonds 10/23/12 09/01/32 1.0-2.5% 415,000 90,000 Corporate Purpose Bonds 04/09/13 04/01/33 2.0-3.5% 3,325,000 2,635,000 Corporate Purpose Bonds 07/08/15 03/31/35 1.0-3.25% 2,005,000 1,570,000 Corporate Purpose Bonds 03/21/18 03/01/38 3.0-3.5% 280,000 260,000 Corporate Purpose Bonds 05/01/19 05/01/39 3.00% 200,000 195,000
Total Stormwater Utility - general obligation debt 4,750,000
Sewer Utility Promissory Note* 02/27/08 05/01/27 2.365% 2,521,944 1,047,144 Refunding Bond 11/09/10 04/01/24 2.0-3.0% 411,440 115,369 Corporate Purpose Bonds 05/04/11 05/01/31 2.0-4.0% 778,442 42,120 Corporate Purpose Bonds 06/22/16 06/01/36 2.0-2.75% 2,615,000 2,150,000 Corporate Purpose Bonds 01/26/17 03/01/31 2.0-3.0% 495,000 480,000 Corporate Purpose Bonds 03/21/18 03/01/38 3.0-3.5% 280,000 260,000 Corporate Purpose Bonds 05/01/19 05/01/19 3.00% 1,210,000 1,155,000
Total Sewer Utility - general obligation debt 5,249,633
Total Business-Type Activities - general obligation debt $17,503,683
*Direct Borrowing
57 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
G. Long-term Obligations (continued)
Debt service requirements to maturity are as follows:
Governmental Activities Business-Type Activities General Obligation Debt General Obligation Debt Year Principal Interest Total Principal Interest Total 2021 $ 2,817,719 $ 866,174 $ 3,683,893 $ 1,436,586 $ 474,341 $ 1,910,927 2022 2,517,960 794,776 3,312,736 1,429,644 439,213 1,868,857 2023 2,471,000 722,955 3,193,955 1,364,976 401,972 1,766,948 2024 2,606,784 646,667 3,253,451 1,402,645 363,771 1,766,416 2025 2,320,009 573,871 2,893,880 1,367,968 325,923 1,693,891 2026-2030 10,085,000 1,933,123 12,018,123 5,776,864 1,124,610 6,901,474 2031-2035 6,320,000 758,917 7,078,917 3,785,000 388,442 4,173,442 2036-2039 2,470,000 118,538 2,588,538 940,000 47,657 987,657
Total $ 31,608,472 $ 6,415,021 $ 38,023,493 $ 17,503,683 $ 3,565,929 $ 21,069,612
Revenue Bond Debt
In December 2009 the Village entered into a financial assistance agreement with the State of Wisconsin that will provide financing up to $5.765 million of Sewerage System Revenue Bonds under the State's Clean Water Fund Program. The proceeds are being used to finance eligible clean water sewer projects costs. The bonds are due in varying amounts through the year 2029 and bear interest at 2.91% due semi-annually in May and November. The Village has drawn $5,509,861 cumulatively on the bonds.
In April 2013 the Village issued $1.710 million in Sewerage System Revenue Bonds for infrastructure improvements to the Village’s aging sewer system infrastructure. The bonds are due in varying amounts through the year 2038 and bear interest ranging from 2.0% to 3.70% due semiannually in May and November.
Business-type activities revenue bonds are payable only from revenues derived from the operation of the Sewer Utility. The Village has pledged future sewer revenues, net of specified operating expenses, to repay $4,334,328, in sewer revenue bonds currently outstanding. The total principal and interest remaining to be paid on the bonds is $5,203,666. Principal and interest paid for the current year and total customer net revenues were $479,029 and $1,269,278, respectively.
58 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
G. Long-term Obligations (continued)
The Sewer Utility has $4,334,328 in revenue debt outstanding on December 31, 2020.
Sewer Utility Sewerage System Revenue Bond* 12/23/09 05/01/29 2.91% $ 5,509,861 $ 2,994,328 Sewerage System Revenue Bond 04/09/13 05/01/38 2-3.7% 1,710,000 1,340,000
Total Sewer Utility - revenue bond debt $ 4,334,328
*Direct Borrowing
Debt service requirements to maturity are as follows:
Business-Type Activities Revenue Debt Year Principal Interest Total 2021 $ 355,826 $ 126,787 $ 482,613 2022 364,434 116,629 481,063 2023 373,293 106,141 479,434 2024 387,410 95,166 482,576 2025 396,792 83,698 480,490 2026-2030 1,781,573 238,284 2,019,857 2031-2035 405,000 87,648 492,648 2036-2038 270,000 14,985 284,985
Total $ 4,334,328 $ 869,338 $ 5,203,666
Other Debt Information
Estimated payments of compensated absences are not included on the debt service requirement schedules. The compensated absences liability, net pension liability, and OPEB liabilities attributable to governmental activities will be liquidated primarily by the general fund.
59 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
H. Net Position/Fund Balances
Net position reported on the government wide statement of net position on December 31, 2020 includes the following:
Governmental Activities
Net investment in capital assets Land $ 1,435,706 Construction in progress 70,054 Other capital assets, net of accumulated depreciation 31,465,602 Less: Capital debt outstanding (29,062,596) Add: Deferred amount on refundings 162,403 Unspent capital debt proceeds 1,852,135 Total net investment in capital assets 5,923,304
Restricted for: Net pension asset 1,052,679 TIF projects and debt service 3,694,949 Library expansion 159,163 Donations 9,975 Total restricted 4,916,766
Unrestricted 2,572,225 Total Governmental Activities net position $ 13,412,295
Business-Type Activities
Net investment in capital assets Land $ 44,084 Construction in progress 5,229 Other capital assets, net of accumulated depreciation 37,731,618 Less: Capital debt outstanding (22,326,540) Add: Deferred amount on refundings 70,184 Unspent capital debt proceeds 843,486 Total net investment in capital assets 16,368,061
Restricted for: North Shore Water Commission 136,923 Net pension asset 100,350 Sewer equipment replacement 259,179 Total restricted 496,452
Unrestricted 3,180,749 Total Business-type Activities net position $ 20,045,262
60 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
H. Net Position/Fund Balances (continued)
Governmental Fund Balances
Governmental fund balances reported on the fund financial statements on December 31, 2020 include the following:
Capital Projects General Debt Service Borrowed Money Nonmajor Total Nonspendable Investment in CVMIC $ 527,513 $ - $ - $ - $ 527,513 Prepaid expenditures 19,726 - - - 19,726 547,239 - - - 547,239 Restricted Capital improvements - - 1,852,135 - 1,852,135 TID plan purposes - - - 3,694,949 3,694,949 Donations - - - 9,975 9,975 Library expansion - - - 159,163 159,163 - - - 1,852,135 3,864,087 5,716,222 Committed Post retirement benefits 2,796,481 - - - 2,796,481 Capital purchases - - - 232,740 232,740 2,796,481 - - 232,740 3,029,221
Assigned Capital improvements/debt service - - - 1,024,795 1,024,795 Equipment replacement 334,983 - - - 334,983 General library activity - - - 65,417 65,417 334,983 - - 1,090,212 1,425,195
Unassigned 3,895,107 - - (2,502,338) 1,392,769
Total Governmental Fund Balances $ 7,573,810 $ - $ 1,852,135 $ 2,684,701 $ 12,110,646
I. Component Unit
This report contains the Business Improvement District (BID), which is included as a component unit. Financial information is presented as a discrete column in the statement of net position and statement of activities.
61 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE III - DETAILED NOTES TO ALL FUNDS (continued)
I. Component Unit (continued)
In addition to the basic financial statements and the preceding notes to the financial statements which apply, the following disclosures are considered necessary for a fair presentation.
a. Basis of Accounting/Measurement Focus The BID follows the full accrual basis of accounting and the flow of economic resources measurement focus.
b. Deposits and investments At year-end, the carrying amount of the BID's deposits was $103,623 and bank statement balances was $103,623.
The BID may also maintain separate cash and investment accounts at the same financial institutions utilized by the municipality. Federal depository insurance and the State of Wisconsin Guarantee Fund Insurance apply to all municipal accounts, and accordingly, the amount of insured funds is not determinable for the BID alone.
c. Receivables At the end of the current fiscal year, the BID reported taxes receivable and deferred inflows of resources from property taxes levied for the subsequent year’s budget of $73,708.
NOTE IV - OTHER INFORMATION
A. Employees’ Retirement System
Plan Description. The WRS is a cost-sharing multiple-employer defined benefit pension plan. WRS benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. Benefit terms may only be modified by the legislature. The retirement system is administered by the Wisconsin Department of Employee Trust Funds (ETF). The system provides coverage to all eligible State of Wisconsin, local government and other public employees. All employees, initially employed by a participating WRS employer on or after July 1, 2011, and expected to work at least 1,200 hours a year (880 hours for teachers and school district educational support employees) and expected to be employed for at least one year from employee’s date of hire are eligible to participate in the WRS.
ETF issues a standalone WRS Financial Report, which can be found at https://etf.wi.gov/about- etf/reports-and-studies/financial-reports-and-statements.
Vesting. For employees beginning participation on or after January 1, 1990, and no longer actively employed on or after April 24, 1998, creditable service in each of five years is required for eligibility for a retirement annuity. Participants employed prior to 1990 and on or after April 24, 1998, and prior to July 1, 2011, are immediately vested. Participants who initially became WRS eligible on or after July 1, 2011, must have five years of creditable service to be vested. 62 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
A. Employees’ Retirement System (continued)
Benefits Provided. Employees who retire at or after age 65 (54 for protective occupations and 62 for elected officials and executive service retirement plan participants, if hired on or before 12/31/2016) are entitled to a retirement benefit based on a formula factor, their final average earnings, and creditable service.
Final average earnings is the average of the participant's three highest annual earnings periods. Creditable service includes current service and prior service for which a participant received earnings and made contributions as required. Creditable service also includes creditable military service. The retirement benefit will be calculated as a money purchase benefit based on the employee’s contributions plus matching employer's contributions, with interest, if that benefit is higher than the formula benefit.
Vested participants may retire at or after age 55 (50 for protective occupations) and receive an actuarially-reduced benefit. Participants terminating covered employment prior to eligibility for an annuity may either receive employee-required contributions plus interest as a separation benefit or leave contributions on deposit and defer application until eligible to receive a retirement benefit.
The WRS also provides death and disability benefits for employees.
Post-Retirement Adjustments. The Employee Trust Funds Board may periodically adjust annuity payments from the retirement system based on annual investment performance in accordance with s. 40.27, Wis. Stat. An increase (or decrease) in annuity payments may result when investment gains (losses), together with other actuarial experience factors, create a surplus (shortfall) in the reserves, as determined by the system’s consulting actuary. Annuity increases are not based on cost of living or other similar factors. For Core annuities, decreases may be applied only to previously granted increases. By law, Core annuities cannot be reduced to an amount below the original, guaranteed amount (the “floor”) set at retirement. The Core and Variable annuity adjustments granted during recent years are as follows:
Year Core Fund Adjustment Variable Fund (%) Adjustment (%) 2010 (1.3) 22 2011 (1.2) 11 2012 (7.0) (7) 2013 (9.6) 9 2014 4.7 25 2015 2.9 2 2016 0.5 (5) 2017 2.0 4 2018 2.4 17 2019 0.0 (10)
63 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
A. Employees’ Retirement System (continued)
Contributions.Required contributions are determined by an annual actuarial valuation in accordance with Chapter 40 of the Wisconsin Statutes. The employee required contribution is one-half of the actuarially determined contribution rate for general category employees, including teachers, and Executives and Elected Officials. Starting on January 1, 2016, the Executives and & Elected Officials category was merged into the General Employee Category. Required contributions for protective employees are the same rate as general employees. Employers are required to contribute the remainder of the actuarially determined contribution rate. The employer may not pay the employee required contribution unless provided for by an existing collective bargaining agreement.
During the reporting period, the WRS recognized $375,323 in contributions from the employer.
Contribution rates as of December 31, 2020 are:
Employee Category Employee Employer General (including teachers, executives, and 6.55% 6.55% elected officials) Protective with Social Security 6.55% 10.55% Protective without Social Security 6.55% 14.95%
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions
At December 31, 2020, the Village reported a net asset of $1,153,029, for its proportionate share of the net pension asset. The net pension asset was measured as of December 31, 2019, and the total pension liability used to calculate the net pension asset was determined by an actuarial valuation as of December 31, 2018 rolled forward to December 31, 2019. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The Village’s proportion of the net pension asset was based on the Village’s share of contributions to the pension plan relative to the contributions of all participating employers. At December 31, 2019, the Village’s proportion was 0.03575889%, which was an increase of 0.00072561%, from its proportion measured as of December 31, 2018.
For the year ended December 31, 2020, the Village recognized pension expense of $442,719.
64 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
A. Employees’ Retirement System (continued)
At December 31, 2020, the Village reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Deferred Outflows Deferred Inflows of Resources of Resources
Differences between expected and actual experience $ 2,188,714 $ 1,095,305 Changes in assumptions 89,851 - Net differences on pension plan investments - 2,357,203 Changes in proportion and differences between employer contributions and proportionate share of contributions 3,125 - Employer contributions subsequent to the measurement date 414,401 -
Total $ 2,696,091 $ 3,452,508
The $414,401 reported as deferred outflows related to pension resulting from the Village’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31, 2021 for the Village. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pension will be recognized as increases and decreases in pension expense, respectively, as follows:
Net Amortization of Deferred Outflows and Deferred Inflows Year ended December 31: of Resources
2020 $ (346,440) 2021 (259,318) 2022 41,141 2023 (606,201)
65 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
A. Employees’ Retirement System (continued)
Actuarial Assumptions. The total pension liability in the December 31, 2019, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:
Actuarial Valuation Date: December 31, 2018 Measurement Date of Net Pension Liability (Asset): December 31, 2019 Actuarial Cost Method: Entry Age Normal Asset Valuation Method: Fair Value Long-Term Expected Rate of Return: 7.0% Discount Rate: 7.0% Salary Increases Inflation: 3.0% Seniority/Merit: 0.1% - 5.6% Mortality: Wisconsin 2018 Mortality Table Post-retirement Adjustments*: 1.9%
* No post-retirement adjustment is guaranteed. Actual adjustments are based on recognized investment return, actuarial experience and other factors. 1.9% is the assumed annual adjustment based on the investment return assumption and the post- retirement discount rate.
Actuarial assumptions are based upon an experience study conducted in 2018 that covered a three-year period from January 1, 2015 to December 31, 2017. The Total Pension Liability for December 31, 2019 is based upon a roll-forward of the liability calculated from the December 31, 2018 actuarial valuation.
Long-term Expected Return on Plan Assets. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table on the next page:
66 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
A. Employees’ Retirement System (continued)
Long-Term Long-Term Current Asse t Expected Nominal Expected Real Core Fund Asse t Class Allocation % Rate of Return % Rate of Return % Global Equities 49.00% 8.00% 5.10% Fixed Income 24.50% 4.90% 2.10% Inflation Sensitive Assets 15.50% 4.00% 1.20% Real Estate 9.00% 6.30% 3.50% Private Equity/Debt 8.00% 10.60% 7.60% Multi-Asset 4.00% 6.90% 4.00% Total Core Fund 110.00% 7.50% 4.60%
Variable Fund Asse t Class U.S. Equities 70.00% 7.50% 4.60% International Equities 30.00% 8.20% 5.30% Total Variable Fund 100.00% 7.80% 4.90%
New England Pension Consultants Long Term US CPI (Inflation) Forecast: 2.75% Asset Allocations are managed within established ranges, target percentages may differ from actual monthly allocations
Single Discount Rate. A single discount rate of 7.00% was used to measure the Total Pension Liability for the current and prior year. This single discount rate is based on the expected rate of return on pension plan investments of 7.00% and a municipal bond rate of 2.75% (Source: Fixed-income municipal bonds with 20 years to maturity that include only federally tax-exempt municipal bonds as reported in Fidelity Index’s “20-year Municipal GO AA Index” as of December 31, 2019. In describing this index, Fidelity notes that the Municipal Curves are constructed using option-adjusted analytics of a diverse population of over 10,000 tax-exempt securities.). Because of the unique structure of WRS, the 7.00% expected rate of return implies that a dividend of approximately 1.9% will always be paid. For purposes of the single discount rate, it was assumed that the dividend would always be paid. The projection of cash flows used to determine this single discount rate assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on these assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments (including expected dividends) of current plan members. Therefore, the municipal bond rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.
67 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
A. Employees’ Retirement System (continued)
Sensitivity of the Village’s Proportionate Share of the Net Pension Liability (Asset). The following presents the Village’s proportionate share of the net pension liability (asset) calculated using the discount rate of 7.0 percent, as well as what the Village’s proportionate share of the net pension liability (asset) would be if it were calculated using a discount rate that is 1-percentage-point lower (6.0 percent) or 1-percentage-point higher (8.0 percent) than the current rate:
1% Decrease to Current Discount 1% Increase to Discount Rate Rate Discount Rate (6.0%) (7.0%) (8.0%) Village's proportionate share of the net pension liability (asset) $ 2,969,527 $ (1,153,029) $ (4,234,914)
Detailed information about the pension plan’s fiduciary net position is available in separately issued financial statements available at https://etf.wi.gov/about-etf/reports-and-studies/financial- reports-and-statements.
B. Risk Management
The Village is exposed to various risks of loss related to torts; theft of, damage to, or destruction of assets; errors and omissions; injuries to employees; employee health claims; and environmental damage. The village purchases general and automobile liability insurance from the Cities and Villages Mutual Insurance Company (“CVMIC”). The Village purchases commercial insurance for all other risk. There has been no reduction in insurance coverage from coverage in the prior year. Insurance settlements for claims resulting from the risks covered by commercial insurance have not exceeded the insurance coverage in any of the past three years.
The Village participates in the Wisconsin Municipal Insurance Commission ("WMIC"). The WMIC is an intergovernmental cooperative commission formed to facilitate the formation of the Cities and Villages Mutual Insurance Company ("CVMIC"). The CVMIC is a separate and distinct entity independent of the WMIC and is owned by the participating cities and villages of the WMIC. The CVMIC was formed to provide liability insurance to Wisconsin municipalities as of January 1, 1988.
The WMIC has no assets, liabilities, equity or financial activity for the year ended December 31, 2020.
The CVMIC provides the Village with $5,000,000 of liability coverage for losses over its self- insured retention level of $50,000 per occurrence with a $150,000 aggregate stop loss.
68 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
B. Risk Management (continued)
The Village's annual cost is its annual premium, claims and other operating expenses. An annual premium is charged to cover expected claims and administrative costs. The claims component of the premium is determined by independent actuaries and allocated among participating municipalities based on payroll and loss history. The Village and other participating cities and villages are subject to cover loss experiences, which exceed predictions through retrospective assessments.
Management of each organization consists of a board of directors or officers comprised of representatives elected by each of three classes of participants based on population. The municipality does not exercise any control over the activities of the agencies beyond the election of the officers and board.
Percentage participation can be affected by acceptance of new members to WMIC and CVMIC. The Village's percentage participation in WMIC and CVMIC on December 31, 2020 was approximately 1.658%. Upon withdrawal, expulsion or dissolution, the Village would be entitled to a lump sum payment which at December 31, 2020 is $527,513.
Complete financial statements for WMIC and CVMIC can be obtained from the CVMIC administrative office at 9898 W. Bluemound Road, Wauwatosa, WI 53226.
C. Lease Revenue Agreement
The Village entered into lease agreements with several cellular phone companies to lease a Utility water tower as a site for cellular antennas. The initial term of the leases were five years with the right to extend the lease for four additional five year terms.
Rental income from rental of the water tower is reported in other water revenues. Future minimum rentals related to this lease are $165,675 in 2021.
69 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
D. Intermunicipal Agreements and Related Parties
North Shore Fire Department
The Village is a member of the North Shore Fire Department, along with six other communities. The Department was created by an agreement signed in 1994 pursuant to the provisions of Sections 61.65 and 66.30 of the Wisconsin Statutes. The Department, which commenced operations on January 1, 1995, provides fire and emergency medical services to the member communities. At the time the Department was created, the Village sold to the Department all of its fire apparatus and vehicles. The Village also transferred custody, use and control, but not ownership, of its fire buildings to be used by the Department. Upon dissolution of the Department, assets will be divided by the participants then participating in accordance with the ratio of expense sharing in existence at the time of termination.
The Department is governed by a seven-member board consisting of one representative and one alternate from each municipality. Only one member from each municipality may vote. The Village has a commitment to the Department to annually finance a portion of the Department's approved expenditures. In 2020, the Village's fire protection and emergency medical services expenditures incurred in connection with this arrangement were approximately $2.259 million. The Village's portion of the Department's 2021 budget is approximately $2.277 million. On December 31, 2020, the Department had a net deficit of approximately $2,290,722. Complete 2020 financial statements for the Department are available from the Department at 4401 West River Lane, Brown Deer, WI 53223.
Bayside Communications Center
As of May 26, 2012, dispatching services were transferred from the North Shore Public Safety Communications Commission to the Bayside Communications Center. The North Shore Public Safety Communications Commission will continue as the entity responsible for contracting with the Bayside Communication Center for dispatch services for the communities of the Village of Whitefish Bay, the Village of Shorewood, and the Village of Glendale. Other members of the Bayside Communications Center include the Village of Bayside, Village of Fox Point, and Village of Brown Deer. During 2020, the Village’s total contribution to the Bayside Communications Center was $399,696 for operations, plus a capital contribution of $29,478. It is expected that the Village’s future contributions will be similar to the current annual operations costs incurred in 2020.
North Shore Water Commission
The Whitefish Bay Water Utility is a member of the North Shore Water Commission (NSWC) along with the Village of Glendale and the Village of Fox Point. The NSWC provides for the intake, treatment, and pumping of water furnished by the three municipalities. Operating costs of the NWSC are borne by the three municipalities based on their pro-rata share of metered water delivered to each municipality. Payments to the NSWC are included in operating expenses as purchased water under source of supply expenses. As of December 31, 2020, the Village had $72,265 payable to the NSWC and $49,906 receivable from the NSWC. 70 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
E. Postemployment Benefits Other Than Pensions (OPEB)
General Information about the OPEB Plan – Medical Insurance
Plan description. The Village’s defined OPEB plan, Retiree Medical Insurance Benefits, provides OPEB for all permanent full-time general and public safety employees of the Village. The Retiree Medical Insurance Benefits is a single-employer defined benefit OPEB plan administered by the Village. The State of Wisconsin Administrative Code grants the authority to establish and amend the benefit terms and financing requirements to the Village Board. No assets are accumulated in a trust that meets the criteria in paragraph 4 of Statement 75.
Benefits provided. The Retiree Medical Insurance Benefits provides healthcare benefits for retirees and dependents. The benefit terms provide for payment of 88 percent of health insurance premiums for non-Medicare-eligible retirees and 50 percent of health insurance premiums for Medicare-eligible retirees.
Employees covered by benefit terms. At December 31, 2020, the following employees were covered by the benefit terms:
Inactive employees or beneficiaries currently receiving benefit payments 11 Inactive employees entitled to but not yet receiving benefit payments 0 Active employees 61 72 Total OPEB Liability – Medical Insurance
The Village’s total OPEB liability of $4,070,856 was measured as of December 31, 2019, and was determined by an actuarial valuation as of December 31, 2018.
Actuarial assumptions and other inputs. The total OPEB liability in the December 31, 2018 actuarial valuation was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified:
Valuation date December 31, 2018 Measurement date December 31, 2019 Inflation 3.00% Discount rate 2.74% Mortality Wisconsin 2018 Mortality Table Actuarial cost method Entry Age Normal
The valuation as of December 31, 2018 is based on the Alternative Measurement Method. The discount rate of 2.74% was based on the 20-year Bond Buyer GO Index.
71 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
E. Postemployment Benefits Other Than Pensions (OPEB) (continued)
Total OPEB Liability – Medical Insurance (continued)
Mortality rates were based on the following criteria:
Pre-retirement: This assumption applies to death while in service. Rates are based on the Wisconsin 2018 Mortality table (multiplied by 50% for males and females) as the base table and project future improvements with 2018 generational improvement scale (multiplied by 60%), as adopted by the Board in connection with the 2015-2017 Experience Study performed by the actuary for the Wisconsin Retirement System.
Post-retirement: This assumption applies to death of participants after retirement. Rates are based on the Wisconsin 2018 Mortality Table as the base table and project future improvements with 2018 generational improvement scale (multiplied by 60%), as adopted by the Board in connection with the 2015-2017 Experience Study performed by the actuary for the Wisconsin Retirement System.
Post-disability: This assumption applies to death after disablement. Rates are based on the 2015-2017 Experience Study performed by the actuary for the Wisconsin Retirement System as the base table and project future improvements with 2018 generational improvement scale (multiplied by the 60%), as adopted by the Board in connection with the 2015-2017 Experience Study performed by the actuary for the Wisconsin Retirement System.
Changes in the Total OPEB Liability – Medical Insurance Total OPEB Liability
Balance at January 1, 2020 $ 3,818,316
Changes for the year: Service cost 175,624 Interest on total OPEB liability 157,657 Effect of assumption changes or inputs 219,629 Benefit payments (300,370) Net change in total OPEB liability 252,540
Balance at December 31, 2020 $ 4,070,856
72 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
E. Postemployment Benefits Other Than Pensions (OPEB) (continued)
Changes in the Total OPEB Liability – Medical Insurance (continued)
Changes of assumptions and other inputs reflect a change in the discount rate from 4.10 percent for the year ended December 31, 2019 to 2.74 percent for the year ended December 31, 2020.
Sensitivity of the total OPEB liability to changes in the discount rate. The following presents the total OPEB liability of the Village, as well as what the Village’s total OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (1.74 percent) or 1- percentage-point higher (3.74 percent) than the current discount rate:
1% Decrease Discount Rate 1% Increase 1.74% 2.74% 3.74%
Total OPEB Liability $ 4,333,697 $ 4,070,856 $ 3,822,354
Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates. The following presents the total OPEB liability of the Village, as well as what the Village’s total OPEB liability would be if it were calculated using a healthcare cost trend rates that are 1-percentage-point lower or 1-percentage-point higher than the current healthcare cost trend rate:
Current 1% Decrease Trend Rate 1% Increase
Total OPEB Liability $ 3,671,531 $ 4,070,586 $ 4,541,272
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB – Medical Insurance
For the year ended December 31, 2020, the Village recognized an OPEB expense of $234,501, $193,709 of which relates to the medical insurance plan. At December 31, 2020, the Village reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
Deferred Outflows Deferred Inflows of Resources of Resources
Changes of assumptions $ 1,216,143 $ 14,881 Differences between expected and actual experience 117,302 - Employer contributions subsequent to the measurement date 146,772 - Total $ 1,480,217 $ 14,881
73 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
E. Postemployment Benefits Other Than Pensions (OPEB) (continued)
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB – Medical Insurance (continued)
For the year ended December, 31, 2020, the Village recognized OPEB expense of $193,709. The $146,772 reported as deferred outflows related to OPEB resulting from the Village’s contributions subsequent to the measurement date will be recognized as a reduction of the total OPEB liability in the year ended December 31, 2021 for the Village. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized as increases in OPEB expense, respectively, as follows:
Net Amortization of Deferred Outflows and Deferred Inflows Year ended December 31: of Resources 2021 191,965 2022 191,965 2023 191,965 2024 191,965 2025 195,319 Thereafter 355,385
General Information about the OPEB Plan – Life Insurance
Plan description. The LRLIF is a multiple-employer defined benefit OPEB plan. LRLIF benefits and other plan provisions are established by Chapter 40 of the Wisconsin Statutes. The Wisconsin Department of Employee Trust Funds (ETF) and the Group Insurance Board have statutory authority for program administration and oversight. The plan provides post- employment life insurance benefits for all eligible employees.
OPEB plan fiduciary net position. ETF issues a stand-alone Comprehensive Annual Financial Report, which can be found at http://etf.wi.gov/publications/cafr.htm.
Additionally, ETF issued a standalone Retiree Life Insurance Financial Report, which can be found at https://etfonline.wi.gov/ETFGASBPublicWeb/gasb75Local.do
Benefits provided. The LRLIF plan provides fully paid up life insurance benefits for post-age 64 retired employees and pre-65 retirees who pay for their coverage.
74 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
E. Postemployment Benefits Other Than Pensions (OPEB) (continued)
General Information about the OPEB Plan – Life Insurance (continued)
Contributions. The Group Insurance Board approves contribution rates annually, based on recommendations from the insurance carrier. Recommended rates are based on an annual valuation, taking into consideration an estimate of the present value of future benefits and the present value of future contributions. A portion of employer contributions made during a member’s working lifetime funds a post-retirement benefit.
Employers are required to pay the following contributions based on employee contributions for active members to provide them with Basic Coverage after age 65. There are no employer contributions required for pre-age 65 annuitant coverage. If a member retires prior to age 65, they must continue paying the employee premiums until age 65 in order to be eligible for the benefit after age 65.
Contribution rates as of December 31, 2020 are:
Coverage Type Employer Contribution 50% Post Retirement Coverage 40% of employee contribution 25% Post Retirement Coverage 20% of employee contribution
Employee contributions are based upon nine age bands through age 69 and an additional eight age bands for those 70 and over. Participating employee must pay monthly contribution rates per $1,000 of coverage until the age of 65 (age 70 if active). The employee contribution rates in effect for the year ended December 31 2019, are listed below:
Life Insurance Member Contribution Rates* For the year ended December 31, 2019 Attained Age Basic Supplemental Under 30 $0.05 $0.05 30-34 0.06 0.06 35-39 0.07 0.07 40-44 0.08 0.08 45-49 0.12 0.12 50-54 0.22 0.22 55-59 0.39 0.39 60-64 0.49 0.49 65-69 0.57 0.57 *Disabled members under age 70 receive a waiver-of-premium benefit.
During the reporting period, the LRLIF recognized $1,620 in contributions from the employer. 75 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
E. Postemployment Benefits Other Than Pensions (OPEB) (continued)
OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB – Life Insurance
At December 31, 2020, the Village reported a liability of $381,641 for its proportionate share of the net OPEB liability. The net OPEB liability was measured as of December 31, 2019, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of January 1, 2019 rolled forward to December 31, 2019. No material changes in assumptions or benefit terms occurred between the actuarial valuation date and the measurement date. The Village’s proportion of the net OPEB liability was based on the Village’s share of contributions to the OPEB plan relative to the contributions of all participating employers. At December 31, 2019, the Village’s proportion was 0.089625%, which was a decrease of 0.001229% from its proportion measured as of December 31, 2018
For the year ended December 31, 2020, the Village recognized OPEB expense of $234,501, $40,792 of which relates to the life insurance plan.
At December 31, 2020, the Village reported deferred outflows of resources and deferred inflows of resources related to OPEB – Life Insurance from the following sources:
Deferred Outflows Deferred Inflows of Resources of Resources
Differences between expected and actual experiences $ - $ 17,098 Net differences between projected and investment earnings on plan investments 7,199 - Changes in actuarial assumptions 140,789 41,978 Changes in proportion and differences between employer contributions and proportionate share of contributions 9,530 7,492 Contributions subsequent to the measurement date 1,728 - Total $ 159,246 $ 66,568
$1,728 reported as deferred outflows related to OPEB resulting from the Village’s contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability for the year ended December 31, 2021. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows on the next page:
76 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
E. Postemployment Benefits Other Than Pensions (OPEB) (continued)
OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB – Life Insurance (continued)
Net Amortization of Deferred Outflows and Deferred Inflows Year ended December 31: of Resources 2020 $ 15,580 2021 15,580 2022 14,804 2023 14,004 2024 12,045 Thereafter 18,937
Actuarial assumptions. The total OPEB liability in the January 1, 2019, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:
Actuarial Valuation Date: January 1, 2019 Measurement Date of Net OPEB Liability (Asset) December 31, 2019 Actuarial Cost Method: Entry Age Normal 20 Year Tax-Exempt Municipal Bond Yield: 2.47% Long-Term Expected Rate of Return: 4.25% Discount Rate: 2.87% Salary Increases Inflation: 3.00% Seniority/Merit: .10% - 5.6% Mortality Wisconsin 2018 Mortality Table
Actuarial assumptions are based upon an experience study conducted in 2018 that covered a three-year period from January 1, 2015 to December 31, 2017. The Total OPEB Liability for December 31, 2019 is based upon a roll-forward of the liability calculated from the January 1, 2019 actuarial valuation.
77 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
E. Postemployment Benefits Other Than Pensions (OPEB) (continued)
OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB – Life Insurance (continued)
Long-term expected return on plan assets. The long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. Investments for the LRLIF are held with Securian, the insurance carrier. Interest is calculated and credited to the LRLIF based on the rate of return for a segment of the insurance carriers’ general fund, specifically 10-year A- Bonds (as a proxy, and not tied to any specific investments). The overall aggregate interest rate is calculated using a tiered approach based on the year the funds were originally invested and the rate of return for that year. Investment interest is credited based on the aggregate rate of return and assets are not adjusted to fair market value. Furthermore, the insurance carrier guarantees the principal amounts of the reserves, including all interest previously credited thereto.
Long-Term Expected Target Geometric Real Asset Class Index Allocation Rate of Return US Credit Bonds Barclays Credit 45% 2.12% US Long Credit Barclays Long Credit 5% 2.90% Bonds US Mortgages Barclays MBS 50% 1.53%
Inflation 2.20% Long-Term Expected Rate of Return 4.25%
The long-term expected rate of return decreased slightly from 5.00% in the prior year to 4.25% in the current year. This change was primarily based on the target asset allocation and capital market expectations. The expected inflation rate also decreased slightly from 2.30% in the prior year to 2.20% in the current year. The long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation.
78 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
E. Postemployment Benefits Other Than Pensions (OPEB) (continued)
OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB – Life Insurance (continued)
Single discount rate. A single discount rate of 2.87% was used to measure the Total OPEB Liability for the current year, as opposed to a discount rate of 4.22% for the prior year. The significant change in the discount rate was primarily caused by the decrease in the municipal bond rate from 4.10% as of December 31, 2018 to 2.74% as of December 31, 2019. The Plan’s fiduciary net position was projected to be insufficient to make all projected future benefit payments of current active and inactive members. Therefore, the discount rate for calculating the Total OPEB Liability is equal to the single equivalent rate that results in the same actuarial present value as the long-term expected rate of return applied to benefit payments, to the extent that the plan’s fiduciary net position is projected to be sufficient to make projected benefit payments, and the municipal bond rate applied to benefit payment to the extent that the plan’s fiduciary net position is projected to be insufficient. The plan’s fiduciary net position was projected to be available to make projected future benefit payments of current plan members through December 31, 2036.
The projection of cash flows used to determine the single discount rate assumed that employer contributions will be made according to the current employer contribution schedule and that contributions are made by plan members retiring prior to age 65.
Sensitivity of the Village’s proportionate share of the net OPEB liability to changes in the discount rate. The following presents the Village’s proportionate share of the OPEB liability calculated using the discount rate of 2.87 percent, as well as what the Village’s proportionate share of the net OPEB liability would be if it were calculated using a discount rate that 1- percentage-point lower (1.87 percent), or 1-percentage-point higher (3.87 percent) than the current rate:
1% Increase to 1% Decrease to Current Discount Discount Rate Discount Rate (1.87%) Rate (2.87%) (3.87%)
Village of Whitefish Bay, Wisconsin's proportionate share of the net OPEB liability (asset) $ 526,982 $ 381,641 $ 271,064
79 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
F. Commitments and Contingencies
From time to time, the Village becomes party to claims and legal proceedings. Although the outcome of such matters cannot be forecasted with certainty, it is the opinion of management that the likelihood is remote that any such claims or proceedings will have a material adverse effect on the Village's financial position.
The Village participates in a number of State and Federally assisted grant programs. These programs are subject to program compliance audits by grantors or their representatives. Audits of these programs for or including the year ended December 31, 2020 have been conducted in accordance with State and Federal laws.
The Village is involved in an environmental clean-up of contaminated soil on Village owned property. The Village has developed a preliminary remedial action plan, which has been submitted to the Wisconsin Department of Natural Resources. To resolve this situation, the Village may be required to incur both capital costs of constructing the pumping and treatment system and ongoing monitoring and operation costs. The estimated capital costs for this project could range from $500,000 to $1 million which (if a remediation plan is ultimately required) management intends to finance with future borrowings and/or insurance settlements. The ongoing monitoring and operation costs are estimated to approximate $30,000 to $50,000 annually. The Village received an insurance settlement of $390,000 in 2005 related to past cleanup efforts.
G. Fair Value Measurements
The Village uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures.
The Village follows an accounting standard that defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value, and requires expanded disclosures about fair value measurements. In accordance with this standard, the Village has categorized its investments, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.
80 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE IV - OTHER INFORMATION (continued)
G. Fair Value Measurements (continued)
Financial assets and liabilities recorded on the combined statements of financial position are categorized based on the inputs to the valuation techniques as follows:
Level 1 – Financial assets and liabilities are valued using inputs that are unadjusted quoted prices in active markets accessible at the measurement date of identical financial assets and liabilities.
Level 2 – Financial assets and liabilities are valued based on quoted prices for similar assets, or inputs that are observable, either directly or indirectly for substantially the full term through corroboration with observable market data.
Level 3 – Financial assets and liabilities are valued using pricing inputs which are unobservable for the asset, inputs that reflect the reporting entity’s own assumptions about the assumptions market participants and would use in pricing the asset.
The Village has the following recurring fair value measurements as of December 31, 2020:
Brokered certificate of deposits of $3,923,366 are valued using a matrix pricing model (Level 2 inputs).
H. Subsequent Events
On March 3, 2021, the Village issued $5,375,000 of General Obligation Refunding Bonds, series 2021A, with maturity dates between April 1, 2022 and April 1, 2033. The bonds carry an interest rate from 1.50% to 2.00% with interest payable April 1 and October 1 annually. The proceeds are being used to refund the Village’s General Obligation Corporate Purpose Bonds, Series 2013A, dated April 9, 2013.
This information is an integral part of the accompanying financial statements.
81 REQUIRED SUPPLEMENTARY INFORMATION VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Taxes $ 7,972,045 $ 7,972,045 $ 7,972,045 $ - Intergovernmental 1,141,157 1,141,157 1,392,991 251,834 Licenses and permits 489,100 489,100 513,613 24,513 Fines, forfeitures and penalties 311,850 311,850 240,417 (71,433) Public charges for services 111,500 111,500 87,456 (24,044) Miscellaneous 542,692 542,692 705,196 162,504 Total Revenues 10,568,344 10,568,344 10,911,718 343,374
Expenditures Current General government 1,659,047 1,659,047 1,756,802 (97,755) Public safety 6,101,443 6,101,443 6,046,526 54,917 Public works 2,122,222 2,122,222 2,286,493 (164,271) Health and social services 209,285 209,285 219,788 (10,503) Capital outlay 780,197 780,197 780,197 - Total Expenditures 10,872,194 10,872,194 11,089,806 (217,612)
Excess of revenues over expenditures (303,850) (303,850) (178,088) 125,762
Other Financing Sources (Uses) Proceeds from Sale of Capital Assets 10,000 10,000 8,370 (1,630) Transfers out - - (52,289) (52,289) Transfers in 293,850 293,850 270,688 (23,162)
Total Other Financing Sources (Uses) 303,850 303,850 226,769 (77,081)
Net change in fund balance $ - $ - 48,681 $ 48,681
Fund balance - beginning of year 7,525,129
Fund balance - end of year $ 7,573,810
82 Village of Whitefish Bay, Wisconsin Schedule of Changes in the Village's Total OPEB Liability and Related Ratios Last 10 Fiscal Years* Year ended December 31, 2020
2020 2019 2018 2017
Total OPEB Liability - Medical Insurance
Service cost $ 175,624 $ 126,383 $ 114,967 $ 115,263 Interest on total OPEB liability 157,657 82,338 86,955 80,833 Changes in benefit terms - - - - Effect of economic/demographic gains (losses) - 152,110 - - Effect of assumption changes or inputs 219,629 1,284,715 49,172 (29,469) Benefit payments (300,370) (187,181) (151,758) (109,000) Net change in total OPEB liability 252,540 1,458,365 99,336 57,627
Total OPEB liability, beginning 3,818,316 2,359,951 2,260,615 2,202,988 Total OPEB liability, ending 4,070,856 3,818,316 2,359,951 2,260,615
Covered payroll $ 4,696,314 $ 4,388,263 $ 4,322,035 $ 4,011,195
Total OPEB as a % of covered payroll 87% 87% 55% 56%
* This schedule is presented to illustrate the requirement to show information for 10 years. However, recalculations of prior years are not required, and if prior years are not reported in accordance with the current GASB standards, they should not be reported.
83 Village of Whitefish Bay, Wisconsin Schedule of Proportionate Share of the Net OPEB Liability Local Retiree Life Insurance Fund Last 10 Measurements Periods* Year ended December 31, 2020
Measurement Period 12/31/2019 12/31/2018 12/31/2017 Village's proportion of the net OPEB liability 0.08962500% 0.09085400% 0.08599900%
Village's proportionate share of the net OPEB liability $ 381,641 $ 234,434 $ 258,735
Covered payroll $ 4,315,000 $ 4,204,000 $ 3,616,504
Plan fiduciary net positon as a percentage of the total OPEB liability 37.58% 48.69% 44.81%
* This schedule is presented to illustrate the requirement to show information for 10 years. However, recalculations of prior years are not required, and if prior years are not reported in accordance with the current GASB standards, they should not be reported.
Village of Whitefish Bay, Wisconsin Schedule of OPEB Contributions Local Retiree Life Insurance Fund Last 10 Measurements Periods* Year ended December 31, 2020
Measurement Period 12/31/2020 12/31/2019 12/31/2018 12/31/2017 Contractually required contributions $ 1,728 $ 1,620 $ 1,750 $ 1,633 Contributions made in relation to the contractually required contributions $ (1,728) $ (1,620) $ (1,750) $ (1,633) Contribution deficiency (excess) $ - $ - $ - $ - Covered payroll $ 4,597,396 $ 4,315,000 $ 4,204,000 $ 3,616,504 Contributions as a percentage of covered payroll 0.04% 0.04% 0.04% 0.05%
* This schedule is presented to illustrate the requirement to show information for 10 years. However, recalculations of prior years are not required, and if prior years are not reported in accordance with the current GASB standards, they should not be reported.
84 VILLAGE OF WHITEFISH BAY, WISCONSIN REQUIRED SUPPLEMENTARY INFORMATION* Year Ended December 31, 2020
Schedule of the Village's Proportionate Share of the Net Pension Liability (Asset) Wisconsin Retirement System
Measurement Period 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014 The Village's proportion of the net pension liability (asset) 0.03575889% 0.03503328% 0.03419520% 0.03375031% 0.03399123% 0.03461399% The Village's proportionate share of the net pension liability (asset) $ (1,153,029) $ 1,246,374 $ (1,013,939) $ 278,182 $ 552,351 $ (850,213) Covered payroll $ 4,506,694 $ 4,376,894 $ 4,148,291 $ 4,035,387 $ 4,033,998 $ 3,958,309 Plan fiduciary net position as a percentage of the total pension liability (asset) 102.96% 96.45% 102.93% 99.12% 98.20% 102.74%
Schedule of the Village's Contributions* Wisconsin Retirement System Year ended December 31, 2020 2019 2018 2017 2016 2015 Contractually required contributions $ 414,401 $ 388,010 $ 377,903 354,929 319,771 325,877 Contributions in relation to the contractually required contributions $ (414,401) $ ( 388,010) $ (377,903) (354,929) (319,771) (325,877) Contribution deficiency (excess) ------Village's covered payroll $ 4,506,694 $ 4,373,076 $ 4,376,894 4,148,291 4,035,387 4,033,998 Contributions as a percentage of covered payroll 9.20% 8.87% 8.63% 8.56% 7.92% 8.08%
* This schedule is presented to illustrate the requirement to show information for 10 years. However, recalculations of prior years are not required, and if prior years are not reported in accordance with the current GASB standards, they should not be reported.
85 VILLAGE OF WHITEFISH BAY, WISCONSIN NOTES TO REQUIRED SUPPLEMENTARY INFORMATION December 31, 2020
NOTE I - BUDGETARY INFORMATION
Budgetary information is derived from the annual operating budget and is presented using the same basis of accounting for each fund as described in Note I. C.
The Village adopted annual Governmental Fund budgets for the General Fund, Library Fund, Debt Service Fund and Capital Projects Funds. These budgets are adopted in accordance with State Statutes and prepared on a basis consistent with generally accepted accounting principles. All annual appropriations lapse at year-end except for certain nonlapsing funds specifically designated by the Board. Budgetary control is exercised at the individual fund level for each fund.
NOTE II - OTHER POST EMPLOYMENT BENEFITS INFORMATION – Medical Insurance
Changes of benefit terms. There were no changes of benefit terms.
Changes of assumptions. The discount rate changed from 4.10% for the year ended December 31, 2019 to 2.74% for the year ended December 31, 2020.
NOTE III – OTHER POST EMPLOYMENT BENEFITS INFORMATION – Life Insurance
Changes of benefit terms. There were no changes of benefit terms for any participating employer in LRLIF.
Changes of assumptions. Several actuarial assumptions changed from the prior year, including the single discount rate, long-term expected rate of return and expected inflation. Please refer to the Actuarial Assumptions section above for additional details.
NOTE IV – WISCONSIN RETIREMENT SYSTEM
Changes of benefit terms. There were no changes of benefit terms for any participating employer in WRS.
Changes of assumptions. No significant change in assumptions were noted from the prior year.
86 SUPPLEMENTARY INFORMATION VILLAGE OF WHITEFISH BAY, WISCONSIN Combining Balance Sheet - Nonmajor Governmental Funds December 31, 2020
Capital Project Funds Capital Public Library Equipment Improvement Expansion TIF #1 Fund TIF #2 Fund Fund Fund Fund
Assets Cash and investments $ - $ - $ 305,420 $ 1,024,795 $ 163,675 Accounts receivable 2,791 - - - - Taxes receivable - - 67,312 - - Special assessments receivable - - - - - Due from other funds - - - - - Total Assets $ 2,791 $ - $ 372,732 $ 1,024,795 $ 163,675
Liabilities Accounts payable $ 11,325 $ - $ 1,699 $ - $ 4,512 Accrued liabilities - - - - - Due to other funds 1,565,860 927,944 - - - Total Liabilities 1,577,185 927,944 1,699 - 4,512
Deferred Inflows of Resources Taxes levied for subsequent year's budget - - 138,293 - - Total Deferred Inflows of Resources - - 138,293 - -
Fund Balance (Deficit) Restricted - - - - 159,163 Committed - - 232,740 - - Assigned - - - 1,024,795 - Unassigned (1,574,394) (927,944) - - - Total Fund Balance (Deficit) (1,574,394) (927,944) 232,740 1,024,795 159,163
Total Liabilities, Deferred Inflows of Resources, and Fund Balances (Deficit) $ 2,791 $ - $ 372,732 $ 1,024,795 $ 163,675
87 VILLAGE OF WHITEFISH BAY, WISCONSIN Combining Balance Sheet - Nonmajor Governmental Funds Year Ended December 31, 2020
Special Revenue Funds Total Nonmajor Donation Library Governmental Fund TIF #1 Fund TIF #2 Fund Fund Funds
Assets Cash and investments $ 9,975 $ 1,387,907 $ 211,030 $ 412,813 $ 3,515,615 Accounts receivable - - - - 2,791 Taxes receivable - 315,039 163,326 377,511 923,188 Special assessments receivable - - - - - Due from other funds - 1,565,860 927,944 - 2,493,804 Total Assets $ 9,975 $ 3,268,806 $ 1,302,300 $ 790,324 $ 6,935,398
Liabilities Accounts payable $ - $ - $ - $ 12,906 $ 30,442 Accrued liabilities - - - 11,168 11,168 Due to other funds - - - - 2,493,804 Total Liabilities - - - 24,074 2,535,414
Deferred Inflows of Resources Taxes levied for subsequent year's budget - 549,772 326,385 700,833 1,715,283 Total Deferred Inflows of Resources - 549,772 326,385 700,833 1,715,283
Fund Balance (Deficit)
Restricted 9,975 2,719,034 975,915 - 3,864,087 Committed - - - - 232,740 Assigned - - - 65,417 1,090,212 Unassigned - - - - (2,502,338) Total Fund Balance (Deficit) 9,975 2,719,034 975,915 65,417 2,684,701
Total Liabilities, Deferred Inflows of Resources, and Fund Balance (Deficit) $ 9,975 $ 3,268,806 $ 1,302,300 $ 790,324 $ 6,935,398
88 VILLAGE OF WHITEFISH BAY, WISCONSIN Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Deficit) Nonmajor Governmental Funds Year Ended December 31, 2020
Capital Project Funds Capital Public Library Equipment Improvement Expansion TIF #1 Fund TIF #2 Fund Fund Fund Fund Revenues Taxes $ - $ - $ 382,912 $ - $ - Intergovernmental 18,574 - - - - Fines, forfeitures and penalties - - - - - Public charges for services - - - - - Special assessments - - - 5,529 - Miscellaneous 2,791 - - 6,274 1,271 Total Revenues 21,365 - 382,912 11,803 1,271
Expenditures Current Conservation and development 82,644 207,588 - - - Library - - - - - Capital outlay 77,452 - 420,760 - 21,172 Total Expenditures 160,096 207,588 420,760 - 21,172
Excess (deficiency) of revenues over expenditures (138,731) (207,588) (37,848) 11,803 (19,901)
Other Financing Sources (Uses) Transfers out - - - (120,110) - Total Other Financing Sources (Uses) - - - (120,110) -
Net change in fund balances (138,731) (207,588) (37,848) (108,307) (19,901)
Fund balances (deficit) - beginning of year (1,435,663) (720,356) 270,588 1,133,102 179,064
Fund balances (deficit) - end of year $ (1,574,394) $ (927,944) $ 232,740 $ 1,024,795 $ 159,163
89 VILLAGE OF WHITEFISH BAY, WISCONSIN Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Deficit) Nonmajor Governmental Funds Year Ended December 31, 2020
Special Revenue Funds Total Nonmajor Donation Library Governmental Fund TIF #1 Fund TIF #2 Fund Fund Funds Revenues Taxes $ - $ 507,334 $ 352,422 $ 710,581 $ 1,953,249 Intergovernmental - - - 78,899 97,473 Fines, forfeitures and penalties - - - 11,761 11,761 Public charges for services - - - 1,735 1,735 Special assessments - - - - 5,529 Miscellaneous - - - 8,986 19,322 Total Revenues - 507,334 352,422 811,962 2,089,069
Expenditures Current Conservation and development - - - - 290,232 Library - - - 706,358 706,358 Capital outlay - - - 82,852 602,236 Total Expenditures - - - 789,210 1,598,826
Excess (deficiency) of revenues over expenditures - 507,334 352,422 22,752 490,243
Other Financing Sources (Uses) Transfers out - (283,341) (123,488) - (526,939) Total Other Financing Sources (Uses) - (283,341) (123,488) - (526,939)
Net change in fund balances - 223,993 228,934 22,752 (36,696)
Fund balances (deficit) - beginning of year 9,975 2,495,041 746,981 42,665 2,721,397
Fund balances (deficit) - end of year $ 9,975 $ 2,719,034 $ 975,915 $ 65,417 $ 2,684, 701
90 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Debt Service Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Taxes $ 2,485,870 $ 2,485,870 $ 2,485,870 $ - Intergovernmental 364,044 364,044 395,558 31,514 Total Revenues 2,849,914 2,849,914 2,881,428 31,514
Expenditures Debt Service Principal 2,907,394 2,907,394 2,850,154 57,240 Interest and fiscal charges 829,459 829,459 990,255 (160,796) Total Expenditures 3,736,853 3,736,853 3,840,409 (103,556)
Excess (deficiency) of revenues over expenditures (886,939) (886,939) (958,981) (72,042)
Other Financing Sources (Uses) Premium on long-term debt issued 5,000 5,000 - (5,000) Transfers in 526,939 526,939 579,228 52,289
Total Other Financing Sources (Uses) 531,939 531,939 579,228 47,289
Net change in fund balance $ (355,000) $ (355,000) (379,753) $ (24,753)
Fund balance - beginning of year 379,753
Fund balance - end of year $ -
91 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Borrowed Money Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Miscellaneous $ 55,000 $ 55,000 $ 16,165 $ (38,835) Total Revenues 55,000 55,000 16,165 (38,835)
Expenditures Current Public Safety - - 3,451,884 (3,451,884) Interest and Fiscal Charges - - 83,462 (83,462) Capital outlay 2,366,500 2,366,500 1,424,299 942,201 Total Expenditures 2,366,500 2,366,500 4,959,645 (2,593,145)
Excess (deficiency) of revenues over expenditures (2,311,500) (2,311,500) (4,943,480) (2,631,980)
Other Financing Sources (Uses) Premium on long-term debt issued - - 210,346 210,346 Long-term debt issued - - 3,325, 000 3,325,000
Total Other Financing Sources (Uses) - - 3,535,346 3,535,346
Net change in fund balance $ (2,311,500) $ (2,311,500) (1,408,134) $ 903,366
Fund balance - beginning of year 3,260,269
Fund balance - end of year $ 1,852,135
92 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - TIF #1 Capital Projects Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Intergovernmental $ 13,500 $ 13,500 $ 18,574 $ 5,074 Miscellaneous - - 2,791 2,791 Total Revenues 13,500 13,500 21,365 7,865
Expenditures Current Conservation and development 332,500 332,500 82,644 249,856 Capital outlay 35,000 35,000 77,452 (42,452) Total Expenditures 367,500 367,500 160,096 207,404
Excess (deficiency) of revenues over expenditures (354,000) (354,000) (138,731) 215,269
Net change in fund balance $ (354,000) $ (354,000) $ (138,731) $ 215,269
Fund balance - beginning of year (1,435,663)
Fund balance - end of year $ (1,574,394)
93 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - TIF #2 Capital Projects Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Miscellaneous $ 50 $ 50 - $ (50) Total Revenues 50 50 - (50)
Expenditures Current Conservation and development 212,313 212,313 207,588 4,725 Total Expenditures 212,313 212,313 207,588 4,725
Excess (deficiency) of revenues over expenditures (212,263) (212,263) (207,588) 4,675
Net change in fund balance $ (212,263) $ (212,263) $ (207,588) $ 4,675
Fund balance - beginning of year (720,356)
Fund balance - end of year $ (927,944)
94 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Capital Equipment Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Taxes $ 382,912 $ 382,912 $ 382,912 $ - Total Revenues 382,912 382,912 382,912 -
Expenditures Capital outlay 382,912 382,912 420,760 (37,848) Total Expenditures 382,912 382,912 420,760 (37,848)
Excess (deficiency) of revenues over expenditures - - (37,848) (37,848)
Net change in fund balance $ - $ - $ (37,848) $ (37,848)
Fund balance - beginning of year 270,588
Fund balance - end of year $ 232,740
95 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Public Improvement Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Special assessments $ 20,000 $ 20,000 $ 5,529 $ (14,471) Miscellaneous 20,150 20,150 6,274 (13,876) Total Revenues 40,150 40,150 11,803 (28,347)
Excess (deficiency) of revenues over expenditures 40,150 40,150 11,803 (28,347)
Other Financing Sources (Uses) Transfers out (120,110) (120, 110) (120, 110) -
Total Other Financing Sources (Uses) (120,110) (120,110) (120,110) -
Net change in fund balance $ (79,960) $ (79,960) (108,307) $ (28,347)
Fund balance - beginning of year 1,133,102
Fund balance - end of year $ 1,024,795
96 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Library Expansion Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Miscellaneous $ - $ - $ 1,271 $ 1,271 Total Revenues - - 1,271 1,271
Expenditures Capital outlay - - 21,172 (21,172) Total Expenditures - - 21,172 (21,172)
Excess (deficiency) of revenues over expenditures - - (19,901) (19,901)
Net change in fund balance $ - $ - $ (19,901) $ (19,901)
Fund balance - beginning of year 179,064
Fund balance - end of year $ 159,163
97 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Donation Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Net change in fund balance $ - $ - - $ -
Fund balance - beginning of year 9,975
Fund balance - end of year $ 9,975
98 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - TIF #1 Special Revenue Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Taxes $ 565,786 $ 565,786 507,334 $ (58,452) Total Revenues 565,786 565,786 507,334 (58,452)
Excess (deficiency) of revenues over expenditures 565,786 565,786 507,334 (58,452)
Other Financing Sources (Uses) Transfers Out (283,341) (283, 341) (283, 341) -
Total Other Financing Sources (Uses) (283,341) (283,341) (283,341) -
Net change in fund balance $ 282,445 $ 282,445 $ 223,993 $ (58,452)
Fund balance - beginning of year 2,495,041
Fund balance - end of year $ 2,719,034
99 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - TIF #2 Special Revenue Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Taxes $ 356,925 $ 356,925 $ 352,422 $ (4,503) Total Revenues 356,925 356,925 352,422 (4,503)
Excess of revenues over expenditures 356,925 356,925 352,422 (4,503)
Other Financing Sources (Uses) Transfers Out (123,488) (123, 488) (123, 488) -
Total Other Financing Sources (Uses) (123,488) (123,488) (123,488) -
Net change in fund balance $ 233,437 $ 233,437 228,934 $ (4,503)
Fund balance - beginning of year 746,981
Fund balance - end of year $ 975,915
100 VILLAGE OF WHITEFISH BAY, WISCONSIN Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Library Fund Year Ended December 31, 2020
Variance with Budgeted Amounts Final Budget Original Final Positive Budget Budget Actual (Negative)
Revenues Taxes $ 710,581 $ 710,581 $ 710,581 $ - Intergovernmental 64,127 64,127 78,899 14,772 Fines, forfeitures and penalties 32,300 32,300 11,761 (20,539) Public charges for services 14,500 14,500 1,735 (12,765) Miscellaneous 1,500 1,500 8,986 7,486 Total Revenues 823,008 823,008 811,962 (11,046)
Expenditures Current Library 743,008 743,008 706,358 36,650 Capital outlay 80,000 80,000 82,852 (2,852) Total Expenditures 823,008 823,008 789,210 33,798
Excess (deficiency) of revenues over expenditures - - 22,752 22,752
Net change in fund balance $ - $ - $ 22,752 $ 22,752
Fund balance - beginning of year 42,665
Fund balance - end of year $ 65,417
101 OTHER INFORMATION VILLAGE OF WHITEFISH BAY, WISCONSIN Tax Incremental District No. 1 Historical Summary of Project Costs, Project Revenues, and Net Cost to be Recovered through Tax Increments From Date of Creation Through December 31, 2020
From Date 2020 of Creation PROJECT COSTS Capital expenditures $ 77,452 $ 5,346,700 Administration 34,144 1,039,819 Interest and fiscal charges 56,161 1,628,028 Developers grants/incentives 48,500 1,362, 405
Total Project Costs 216,257 9,376, 952
PROJECT REVENUES Tax increments 507,334 7,410,955 Investment income - 37,010 Exempt computer aid 18,574 208,340 Premium on long-term debt - 9,657 Miscellaneous revenues 2,791 211,409 Transfer from other funds - 772,041
Total Project Revenues 528,699 8,649, 412
Net Cost Recoverable Through TIF Increments - December 31, 2020 $ 312,442 $ (727,540)
102 VILLAGE OF WHITEFISH BAY, WISCONSIN Tax Incremental District No. 1 Historical Summary of Sources, Uses, and Status of Funds From Date of Creation Through December 31, 2020
From Date 2020 of Creation SOURCES OF FUNDS Tax increments $ 507,334 $ 7,410,955 Investment income - 37,010 Exempt computer aid 18,574 208,340 Premium on long-term debt - 9,657 Miscellaneous revenue 2,791 211,409 Transfer from other funds - 772,041 Proceeds from long-term debt - 6,828, 119
Total Sources 528,699 15,477, 531
USE OF FUNDS Capital expenditures $ 77,452 $ 5,346,700 Administration 34,144 1,039,819 Interest and fiscal charges 56,161 1,628,028 Principal on long-term debt 227,180 4,955,939 Development grants/incentives 48,500 1,362,405
Total Uses 443,437 14,332, 891
Beginning Fund Balance 1,059,378 -
Ending Fund Balance $ 1,144,640 $ 1,144, 640
Reconciliation of Recoverable Costs Fund balance $ 1,144,640 Principal balance of outstanding long-term debt (1,872,180)
Net Cost Recoverable through TIF Increments - December 31, 2020 $ (727,540)
103 VILLAGE OF WHITEFISH BAY, WISCONSIN Tax Incremental District No. 2 Historical Summary of Project Costs, Project Revenues, and Net Cost to be Recovered through Tax Increments From Date of Creation Through December 31, 2020
From Date 2020 of Creation PROJECT COSTS Capital expenditures $ - $ 5,595 Administration 27,775 186,641 Interest and fiscal charges 43,488 384,301 Developers grants/incentives 179,813 2,461, 463
Total Project Costs 251,076 3,038, 000
PROJECT REVENUES Tax increments 352,422 1,539,870 Premium on long-term debt - 28,068 Miscellaneous revenues - 3,724 Transfer from other funds - 129,309
Total Project Revenues 352,422 1,700, 971
Net Cost Recoverable Through TIF Increments - December 31, 2020 $ 101,346 $ (1,337,029)
104 VILLAGE OF WHITEFISH BAY, WISCONSIN Tax Incremental District No. 2 Historical Summary of Sources, Uses, and Status of Funds From Date of Creation Through December 31, 2020
From Date 2020 of Creation SOURCES OF FUNDS Tax increments $ 352,422 $ 1,539,870 Premium on long-term debt - 28,068 Miscellaneous revenue - 3,724 Transfer from other funds - 129,309 Proceeds from long-term debt - 1,735,000
Total Sources 352,422 3,435,971
USE OF FUNDS Capital expenditures $ - $ 5,595 Administration 27,775 186,641 Interest and fiscal charges 43,488 384,301 Principal on long-term debt 80,000 350,000 Development grants/incentives 179,813 2,461,463
Total Uses 331,076 3,388,000
Beginning Fund Balance 26,625 -
Ending Fund Balance $ 47,971 $ 47,971
Reconciliation of Recoverable Costs Fund balance $ 47,971 Principal balance of outstanding long-term debt (1,385,000)
Net Cost Recoverable through TIF Increments - December 31, 2020 $ (1,337,029)
105 STATISTICAL SECTION STATISTICAL SECTION
This section of the Village of Whitefish Bay’s Comprehensive Annual Financial Report presents the detailed information as a context for understanding what the information in the financial statements, notes to the financial statements, and required supplementary information says about the Village’s financial health.
Contents: Pages
Financial Trends These schedules contain trend information to help the reader understand how the Village’s financial performance and well-being have changed over time…………………………………………………………………………………106-111
Revenue Capacity These schedules contain information to help the reader assess the Village’s most significant local revenue source, property tax………………………112-115
Debt Capacity These schedules present information to help the reader assess the affordability of the Village’s current level of outstanding debt and the Village’s ability to issue additional debt in the future. Also, a number of continuing disclosure schedules are provided here for the bondholders of the Village’s outstanding debt…………………………………………………………………………116-120
Demographic and Economic Information These schedules present demographic and economic indicators to help the reader understand the environment within which the Village’s financial activities take place……………………………………………………………………...121-124
Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the Village’s financial report relates to the services the Village provides and the activities it performs…………………………125-127 Table 1
Village of Whitefish Bay Net Position by Component For the Fiscal Years Ended December 31, 2011 through 2020
Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Governmental activities: Net investment in capital assets $ 5,460,897 $ 3,645,137 $ 2,514,292 $ 3,357,191 $ 2,207,055 $ 3,625,969 $ 2,960,090 $ 3,957,679 $ 4,276,287 $ 5,923,304 Restricted 1,145,836 1,556,485 1,510,351 1,998,389 3,824,491 2,349,075 2,695,664 3,217,171 3,431,061 4,916,766 Unrestricted 2,811,897 4,279,848 4,173,700 4,197,755 5,395,461 6,198,177 7,077,877 4,051,445 5,651,644 2,572,225 Total governmental activities net position$ 9,418,630 $ 9,481,470 $ 8,198,343 $ 9,553,335 $ 11,427,007 $ 12,173,221 $ 12,733,631 $ 11,226,295 $ 13,358,992 $ 13,412,295
Business-type activities: Net investment in capital assets $ 8,980,181 $ 9,164,058 $ 9,572,048 $ 10,555,326 $ 11,115,725 $ 15,538,359 $ 16,324,332 $ 17,654,200 $ 16,883,047 $ 16,368,061 Restricted 166,927 189,157 229,860 242,186 759,616 489,479 562,044 629,990 680,595 496,452 Unrestricted (deficit) 1,511,676 2,377,711 5,748,036 6,286,163 6,621,431 3,462,894 3,546,147 1,933,025 3,506,917 3,180,749 Total business-type activities net position$ 10,658,784 $ 11,730,926 $ 15,549,944 $ 17,083,675 $ 18,496,772 $ 19,490,732 $ 20,432,523 $ 20,217,215 $ 21,070,559 $ 20,045,262
Primary government: Net investment in capital assets $ 14,441,078 $ 12,809,195 $ 12,086,340 $ 13,912,517 $ 13,322,780 $ 19,164,328 $ 19,284,422 $ 21,611,879 $ 21,159,334 $ 22,291,365 Restricted 1,312,763 1,745,642 1,740,211 2,240,575 4,584,107 2,838,554 3,257,708 3,847,161 4,111,656 5,413,218 Unrestricted (deficit) 4,323,573 6,657,559 9,921,736 10,483,918 12,016,892 9,661,071 10,624,024 5,984,470 9,158,561 5,752,974 Total primary government net position$ 20,077,414 $ 21,212,396 $ 23,748,287 $ 26,637,010 $ 29,923,779 $ 31,663,953 $ 33,166,154 $ 31,443,510 $ 34,429,551 $ 33,457,557
Page 106 Table 2
Village of Whitefish Bay Changes in Net Position For the Fiscal Years Ended December 31, 2011 through 2020
Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Expenses: Government activities: General government $ 1,734,809 $ 1,638,577 $ 1,863,101 $ 2,071,411 $ 1,652,799 $ 1,729,288 $ 1,995,268 $ 2,261,332 $ 1,931,345 $ 1,999,409 Public safety 5,868,734 5,971,250 5,692,677 5,727,709 5,821,362 6,067,688 6,051,955 7,268,278 6,597,104 9,921,819 Public works 3,842,866 4,259,655 4,215,825 3,858,342 3,678,989 4,034,818 3,759,008 4,804,798 4,455,998 4,098,268 Health and human services 181,020 147,528 177,865 191,111 184,434 190,380 191,035 191,535 607,748 362,708 Parks and recreation 461,856 21,947 24,656 27,788 256,366 289,426 267,202 265,875 206,568 224,258 Conservation and development 9,571 48,080 2,002,093 85,030 153,623 421,623 424,988 441,077 971,098 943,825 Library 938,136 909,799 761,518 872,378 877,635 968,508 945,525 964,223 261,379 249,965 Interest and fiscal charges 872,748 939,278 901,149 953,827 1,087,494 948,368 1,043,691 1,053,145 1,100,642 912,824 Total governmental activities expenses 13,909,740 13,936,114 15,638,884 13,787,596 13,712,702 14,650,099 14,678,672 17,250,263 16,131,882 18,713,076
Business-type activities: Water utility $ 1,609,181 $ 1,616,931 $ 1,601,337 $ 1,654,298 $ 1,589,036 $ 1,564,840 $ 1,630,891 $ 1,771,892 $ 1,778,313 $ 3,085,764 Sewer utility 1,580,503 1,658,312 1,644,528 1,688,775 1,701,379 1,999,860 3,217,115 2,433,942 2,510,376 2,254,178 Stormwater utility NA 7,835 406,172 500,993 613,064 676,836 890,431 902,297 911,906 934,430 Parking utility (A) 78,177 79,525 87,679 74,527 87,280 92,892 87,781 60,322 - - Total business-type activities expenses 3,267,861 3,362,603 3,739,716 3,918,593 3,990,759 4,334,428 5,826,218 5,168,453 5,200,595 6,274,372 Total primary government expenses $ 17,177,601 $ 17,298,717 $ 19,378,600 $ 17,706,189 $ 17,703,461 $ 18,984,527 $ 20,504,890 $ 22,418,716 $ 21,332,477 $ 24,987,448
Program revenues: Government activities: Charges for services: General government $ 320,637 $ 269,991 $ 239,271 $ 265,889 $ 276,381 $ 252,216 $ 262,562 $ 247,215 $ 230,923 $ 202,312 Public safety 794,950 789,364 863,984 919,243 854,795 801,990 769,363 800,401 1,410,328 3,751,718 Public works 1,038,198 130,113 288,157 511,965 7,836 18,750 32,681 39,945 21,404 22,225 Conservation and development - - 3,654 11,486 11,088 - - 75,000 - - Library 59,807 60,872 59,089 64,372 59,721 55,667 54,884 50,050 15,897 13,496 Operating grants and contributions 918,451 780,360 897,729 930,272 1,047,196 1,026,856 989,811 1,076,877 1,004,231 1,270,746 Capital grants and contributions 165,474 - 7,000 - 51,721 899,356 30,167 97,511 82,809 - Total governmental program revenues 3,297,517 2,030,700 2,358,884 2,703,227 2,308,738 3,054,835 2,139,468 2,386,999 2,765,592 5,260,497
Business-type activities: Charges for services: Water utility $ 1,729,264 $ 2,193,715 $ 2,314,268 $ 2,153,489 $ 2,217,487 $ 2,267,053 $ 2,148,049 $ 2,154,407 $ 2,125,524 $ 2,190,820 Sewer utility 1,614,944 1,986,035 1,850,674 2,016,282 2,177,903 2,253,117 3,273,523 2,514,043 2,449,084 2,668,124 Stormwater utility NA NA 307,286 615,817 623,688 623,833 625,800 647,607 626,257 618,594 Parking utility 74,605 78,764 88,050 72,753 80,280 69,522 72,487 69,611 - - Operating grants and contributions - 413,439 ------Capital grants and contributions - - 3,259,582 873,572 123,817 196,337 887,792 42,160 - - Total business-type program revenues 3,418,813 4,671,953 7,819,860 5,731,913 5,223,175 5,409,862 7,007,651 5,427,828 5,200,865 5,477,538 Total primary government program revenue $ 6,716,330 $ 6,702,653 $ 10,178,744 $ 8,435,140 $ 7,531,913 $ 8,464,697 $ 9,147,119 $ 7,814,827 $ 7,966,457 $ 10,738,035
Page 107 Table 2 (continued)
Village of Whitefish Bay Changes in Net Position For the Fiscal Years Ended December 31, 2011 through 2020
Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Net (Expense)/Revenue Government activities $ (10,612,223) $ (11,905,414) $ (13,280,000) $ (11,084,369) $ (11,403,964) $ (11,595,264) $ (12,539,204) $ (14,863,264) $ (13,366,290) $ (13,452,579) Business-type activities 150,952 1,309,350 4,080,144 1,813,320 1,232,416 1,075,434 1,181,433 259,375 270 (796, 834) Total primary government net(expense)/revenue (10,461,271) (10,596,064) (9,199,856) (9,271,049) (10,171,548) (10,519,830) (11,357,771) (14,603,889) (13,366,020) (14,249,413)
General Revenues and Other Changes Government activities Taxes 10,825,557 11,074,870 11,114,475 11,154,773 11,126,819 11,550,119 11,779,064 12,012,991 12,319,419 12,411,164 Unrestricted intergovernmental revenues 258,590 200,274 252,338 274,814 269,291 219,570 210,877 199,000 182,151 228,704 Unrestricted investment earnings 165,076 166,483 216,333 455,725 84,964 194,183 171,298 256,767 550,839 250,528 Other general revenues 193,353 274,668 332,075 265,621 239,418 276,364 310,358 311,114 338,841 344,798 Transfers in/(out) 216,356 251,959 225,146 288,428 35,439 101,242 280,235 576,066 (87, 163) 270,688 Total governmental activities $ 11,658,932 $ 11,968,254 $ 12,140,367 $ 12,439,361 $ 11,755,931 $ 12,341,478 $ 12,751,832 $ 13,355,938 $ 13,304,087 $ 13,505,882
Business-type activities: Unrestricted investment earnings $ 18,002 $ 14,751 $ 17,216 $ 8,839 $ 6,215 $ 19,768 $ 40,593 $ 101,383 $ 141,865 $ 42,225 Transfers in/(out) (216, 356) (251, 959) (225, 146) (288, 428) (35, 439) (101, 242) (280, 235) (576, 066) 87,163 (270, 688) Total business-type activities (198, 354) (237, 208) (207, 930) (279, 589) (29, 224) (81, 474) (239, 642) (474, 683) 229,028 (228, 463) Total primary government $ 11,460,578 $ 11,731,046 $ 11,932,437 $ 12,159,772 $ 11,726,707 $ 12,260,004 $ 12,512,190 $ 12,881,255 $ 13,533,115 $ 13,277,419
Changes in Net Position Government activities $ 1,046,709 $ 62,840 $ (1,139,633) $ 1,354,992 $ 351,967 $ 746,214 $ 212,628 $ (1,507,326) $ (62,203) $ 53,303 Business-type activities (47, 402) 1,072,142 3,872,214 1,533,731 1,203,192 993,960 941,791 (215, 308) 229,298 (1, 025,297) Total primary government $ 999,307 $ 1,134,982 $ 2,732,581 $ 2,888,723 $ 1,555,159 $ 1,740,174 $ 1,154,419 $ (1,722,634) $ 167,095 $ (971, 994)
Page 108 Table 3
Village of Whitefish Bay Fund Balances of Governmental Funds December 31, 2011 through 2020
Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 General Fund Nonspendable $ 903,463 $ 883,245 $ 419,299 $ 641,706 $ 466,915 $ 1,120,420 $ 1,098,173 $ 553,735 $ 475,793 $ 547,239 Committed ------1,772,976 2,354,507 2,568,325 2,796,481 Assigned - - - - 302,875 211,253 211,253 456,349 673,709 334,983 Unassigned 3,496,868 3,921,777 4,204,285 4,691,159 5,268,779 4,914,887 3,681,698 3,823,274 3,807,302 3,895,107 Reserved ------Unreserved ------Total general fund $ 4,400,331 $ 4,805,022 $ 4,623,584 $ 5,332,865 $ 6,038,569 $ 6,246,560 $ 6,764,100 $ 7,187,865 $ 7,525,129 $ 7,573,810
All Other Governmental Funds Restricted $ 1,646,416 $ 1,633,933 $ 2,319,750 $ 1,998,389 $ 3,152,765 $ 5,454,824 $ 5,221,708 $ 9,030,318 $ 7,071,083 $ 5,716,222 Committed 2,043,330 1,775,254 324,751 693,673 816,340 824,446 736,804 314,297 270,588 232,740 Assigned - - 1,469,312 1,240,632 1,425,588 1,376,634 1,313,960 1,254,412 1,175,767 1,090,212 Unassigned (deficit) (74,497) (21,777) (329,015) (1,133,641) (490,950) (749,233) (1,132,774) (1,528,528) (2,156,019) (2,502,338) Debt service fund ------Special revenue funds ------Capital projects funds ------Total other governmental funds $ 3,615,249 $ 3,387,410 $ 3,784,798 $ 2,799,053 $ 4,903,743 $ 6,906,671 $ 6,139,698 $ 9,070,499 $ 6,361,419 $ 4,536,836
Total all governmental funds $ 8,015,580 $ 8,192,432 $ 8,408,382 $ 8,131,918 $ 10,942,312 $ 13,153,231 $ 12,903,798 $ 16,258,364 $ 13,886,548 $ 12,110,646
Page 109 Table 4
Village of Whitefish Bay Changes in Fund Balances of Governmental Funds For the Fiscal Years Ended December 31, 2011 through 2020
Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Revenues Property taxes $ 10,825,557 $ 11,074,870 $ 11,114,475 $ 11,154,773 $ 11,126,819 $ 11,550,119 $ 11,779,064 $ 12,012,991 $ 12,319,419 $ 12,411,164 Intergovernmental 1,583,174 1,259,785 1,432,889 1,449,982 1,616,083 1,516,917 1,490,402 1,569,338 1,444,919 1,886,022 Licenses and permits 454,835 449,991 520,545 639,632 529,143 506,703 491,302 503,935 532,659 513,613 Fines, forfeitures and penalties 319,643 392,313 298,237 281,296 337,496 306,671 297,614 300,792 271,292 252,178 Public charges for services 39,342 37,159 85,692 95,759 85,995 83,644 68,971 170,562 132,205 89,191 Special assessments 753,980 357,376 278,837 456,096 300,912 104,364 80,917 43,058 14,136 5,529 Other revenue 549,901 670,381 772,465 957,161 573,438 715,661 670,612 868,003 1,161,507 740,683 Total revenues $ 14,526,432 $ 14,241,875 $ 14,503,140 $ 15,034,699 $ 14,569,886 $ 14,784,079 $ 14,878,882 $ 15,468,679 $ 15,876,137 $ 15,898,380
Expenditures General government $ 1,675,411 $ 1,549,392 $ 1,769,044 $ 1,874,276 $ 1,497,226 $ 1,488,616 $ 1,462,005 $ 1,488,576 $ 1,666,780 $ 1,756,802 Public safety 5,317,559 5,422,475 5,294,872 5,321,018 5,480,919 5,582,463 5,596,089 5,784,471 5,914,059 9,498,410 Public works 2,263,105 2,495,455 2,358,743 2,173,480 2,073,833 2,271,988 2,175,652 2,364,306 2,413,753 2,286,493 Health and human services 173,172 144,872 155,559 177,325 178,742 183,283 187,060 191,079 201,551 219,788 Parks and recreation 300,981 ------Conservation and development 9,571 48,080 2,002,093 85,030 112,749 263,414 303,783 391,994 500,361 290,232 Library 722,331 705,479 549,040 665,932 650,492 691,518 682,688 679,419 703,244 706,358 Capital improvements 4,333,367 1,696,133 5,454,295 2,642,919 2,919,747 3,690,124 1,859,617 4,866,380 4,328,548 2,806,732 Debt service Principal 1,843,583 1,575,562 1,759,138 1,868,444 4,329,661 2,014,407 5,584,962 2,352,955 4,963,579 2,850,154 Interest and fiscal charges 809,516 935,490 826,812 809,702 1,000,557 958,901 1,115,954 918,631 1,057,905 1,073,717 Bond issuance costs 21,863 45,419 ------Total expenditures $ 17,470,459 $ 14,618,357 $ 20,169,596 $ 15,618,126 $ 18,243,926 $ 17,144,714 $ 18,967,810 $ 19,037,811 $ 21,749,780 $ 21,488,686 Excess (deficiency) of revenues over expenditures $ (2,944,027) $ (376,482) $ (5,666,456) $ (583,427) $ (3,674,040) $ (2,360,635) $ (4,088,928) $ (3,569,132) $ (5,873,643) $ (5,590,306)
Page 110 Table 4 (continued)
Village of Whitefish Bay Changes in Fund Balances of Governmental Funds For the Fiscal Years Ended December 31, 2011 through 2020
Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Other financing sources (uses) Bonds/notes issued $ 3,681,760 $ 2,190,000 $ 5,591,150 $ - $ 6,355,000 $ 5,620,000 $ 5,380,000 $ 6,375,000 $ 3,460,000 $ 3,325,000 Payments to bond escrow agent - (1,905,574) - - - (1,340,376) (2,138,464) - - - Discount/premium on bonds/notes issued 5,679 10,281 55,300 160,418 208,299 242,770 167,309 117,837 210,346 Transfers in 1,371,281 813,607 1,763,101 1,311,840 1,244,981 868,144 3,705,779 918,883 1,088,543 849,916 Transfers out (752,857) (561,648) (1,537,955) (1,023,412) (1,280,420) (766,902) (3,425,544) (538,189) (1,175,706) (579,228) Sale of village property 15,814 6,668 10,810 18,535 4,455 12,083 45,260 695 11,153 8,370 Total other financing sources (uses) $ 4,321,677 $ 553,334 $ 5,882,406 $ 306,963 $ 6,484,434 $ 4,601,248 $ 3,809,801 $ 6,923,698 $ 3,501,827 $ 3,814,404
Net change in fund balance $ 1,377,650 $ 176,852 $ 215,950 $ (276,464) $ 2,810,394 $ 2,240,613 $ (279,127) $ 3,354,566 $ (2,371,816) $ (1,775,902)
Capital expenditures 4,333,367 1,696,133 5,454,295 2,642,919 2,919,747 3,690,124 1,859,617 4,866,380 4,328,548 2,273,493
Debt service as a percentage of non-capital expenditures 20.36% 19.78% 17.57% 20.64% 34.78% 22.10% 39.17% 23.09% 34.56% 20.42%
Page 111 Table 5
Village of Whitefish Bay Assessed Value and Equalized Value of Property For the Fiscal Years Ended December 31, 2011 through 2020
Fiscal Year Real Property Assessed Value Personal Property Total Ratio of Ended Residential Commercial Commercial and Assessed Value Total Assessed Total Assessed to December 31 Property Property Manufacturing Real and Personal Direct Tax Rate Equalized Value Equalized Value
2011 1,885,514,450 110,922,800 7,853,600 $ 2,004,290,850 $ 5.25 1,978,965,100 101.28%
2012 1,887,387,700 110,180,200 6,965,600 $ 2,004,533,500 $ 5.28 1,927,096,600 104.02%
2013 1,888,286,500 107,895,100 7,291,700 $ 2,003,473,300 $ 5.31 1,916,308,300 104.55%
2014 1,871,352,800 109,913,100 5,778,500 $ 1,987,044,400 $ 5.34 2,018,898,700 98.42%
2015 1,882,350,300 117,118,000 5,375,300 $ 2,004,843,600 $ 5.37 2,089,016,800 95.97%
2016 1,894,939,100 119,222,100 4,763,300 $ 2,018,924,500 $ 5.42 2,160,617,700 93.44%
2017 1,911,309,100 122,777,500 4,481,100 $ 2,038,567,700 $ 5.43 2,242,297,500 90.91%
2018 1,928,003,500 122,259,700 3,308,700 $ 2,053,571,900 $ 5.54 2,280,321,300 90.06%
2019 2,244,024,350 134,051,500 3,359,600 $ 2,381,435,450 $ 4.85 2,408,192,200 98.89%
2020 2,260,147,550 134,051,500 3,154,000 $ 2,397,353,050 4.93 2,469,839,000 97.07%
Page 112 Table 6
Village of Whitefish Bay Property Tax Rates - All Direct and Overlapping Governments Last Ten Fiscal Years
Per $1,000 of Assessed Value Village of Whitefish Bay Overlapping Governments Village WFB Levy Collection General Library Debt Service Capital TID #1 TID #2 Direct School Milwaukee State of Total State Total Year Year Fund Fund (D) Fund Fund Fund Fund (A) Total District MATC (B) MMSD (C) County Wisconsin (E) Gross Credit Net
2011 2012 4.22 - 0.85 0.18 0.28 - 5.53 10.53 1.89 1.47 4.60 0.17 24.19 1.67 22.52
2012 2013 4.15 - 0.83 0.31 0.26 - 5.55 10.51 2.01 1.55 4.79 0.16 24.57 1.68 22.89
2013 2014 3.75 0. 35 0.81 0.40 0.27 - 5.58 10.47 2.01 1.61 4.84 0.16 24.67 1.69 22.98
2014 2015 3.89 0. 35 0.94 0.17 0.25 0.01 5.61 10.83 1.28 1.72 5.13 0.16 24.73 1.69 23.04
2015 2016 3.86 0. 34 1.02 0.15 0.29 0.10 5.76 10.98 1.29 1.79 5.26 0.18 25.26 1.91 23.35
2016 2017 3.82 0. 34 1.16 0.10 0.28 0.13 5.83 10.88 1.32 1.84 5.38 0.18 25.43 1.90 23.53
2017 2018 3.79 0. 33 1.14 0.16 0.30 0.17 5.89 11.17 1.36 1.86 5.46 - 25.74 2.08 23.66
2018 2019 3.88 0. 33 1.21 0.12 0.28 0.17 5.99 10.70 1.34 1.85 5.35 - 25.23 2.08 23.15
2019 2020 3.35 0. 30 1.04 0.16 0.21 0.15 5.21 9.32 1.18 1.64 4.76 - 22.11 1.78 20.33
2020 2021 3.39 0. 29 1.19 0.06 0.23 0.14 5.30 8.90 1.17 1.61 4.67 - 21.65 1.73 19.92
(A) Tax Incremental District (TID) #2 was created in 2013 (B) Milwaukee Area Technical College (C) Milwaukee Area Sewer District (D) Library Fund was included with General Fund until 2013 (E) The State of WI eliminated the state tax in 2017
Page 113 Table 7
Village of Whitefish Bay Principal Property Taxpayers Current Year and Ten Years Ago
2020 2011 Percentage of Percentage of Total Total Village Total Total Village Taxpayer Name Nature of Business Assessed Value Rank Assessed Value Assessed Value Rank Assessed Value
Bay Village Apartment Buildings $ 19,702,500 1 0.82% $ 18,091,800 1 0.90%
Beaumont Place Apartment Buildings $ 15,905,300 2 0.66% - - -
Residential Property Personal Residence $ 6,393,200 3 0.27% $ 5,539,000 3 0.28%
Sendiks Investments LLC Grocery Store $ 6,306,200 4 0.26% $ 5,607,800 2 0.28%
Launchequity Acquisition LLC Commercial $ 4,400,600 5 0.18% - - -
Aurora Clinic Healthcare $ 4,021,200 6 0.17% $ 3,665,300 6 0.18%
Residential Property Personal Residence $ 3,993,300 7 0.17% - - -
Residential Property Personal Residence $ 3,400,600 8 0.14% - - -
Winkies Novelty Store $ 3,326,000 9 0.14% - - -
Residential Property Personal Residence $ 3,123,100 10 0.13%
Silver Fox Properties Apartment Buildings - - - $ 5,241,000 4 0.26%
Pal Corporation Apartment Buildings - - - $ 5,135,900 5 0.26%
Dakota Properties Fitness - - - $ 3,554,000 7 0.18%
M&I Bank Bank - - - $ 3,066,600 8 0.15%
Residential Property Personal Residence - - - $ 3,025,800 9 0.15%
Residential Property Personal Residence - - - $ 2,976,300 10 0.15%
Total - Top 10 Taxpayers $ 70,572,000 2.94% $ 55,903,500 2.79%
Total - All Taxpayers $ 2,397,353,050 $ 2,001,756,050
Page 114 Table 8
Village of Whitefish Bay Property Tax Levies and Collections For the Fiscal Years Ended December 31, 2011 through 2020
Collected Within the Tax Levy Collection Total Village Fiscal Year of Levy Collection in Total Collections to Date Year Year Tax Levy (A) Amount % of Levy Subsequent Year Amount % of Levy
2011 2012 $ 10,514,657 $ 6,301,340 59.93% $ 4,209,242 $ 10,510,582 99.96%
2012 2013 10,583,650 6,524,371 61.65% 4,055,046 $ 10,579,417 99.96%
2013 2014 10,617,045 6,649,600 62.63% 3,962,197 $ 10,611,797 99.95%
2014 2015 10,617,045 6,314,437 59.47% 4,302,145 $ 10,616,582 100.00%
2015 2016 10,762,595 6,574,027 61.08% 4,182,276 $ 10,756,303 99.94%
2016 2017 10,950,991 6,743,249 61.58% 4,206,643 $ 10,949,892 99.99%
2017 2018 11,067,296 7,738,335 69.92% 3,326,038 $ 11,064,373 99.97%
2018 2019 11,400,259 6,578,650 57.71% 4,709,748 $ 11,288,398 99.02%
2019 2020 11,551,408 6,176,472 53.47% 5,374,936 $ 11,551,408 100.00%
2020 2021 11,820,885 5,366,907 45.40% Not Available $ 5,366,907 45.40%
(A) In addition to property taxes for the municipality, the Village collects and remits taxes for the county, local school disrict, metropolitan sewer district, and techincal college. Taxes are levied in December of each year based upon the assessed value as of January 1st of that year. Real estate taxes can be paid in three installments due January 31st, March 31st and May 31st. Personal property taxes are due January 31st. Tax settlements to the other taxing jurisdictions are made by January 15th, February 15th, April 15th, June 15th and August 15th. All unpaid real estate taxes as of July 30th are turned over to the County for collection. All personal property taxes are retained for collection by the Village. The final settlement for real estate taxes is made by the County to the Village in August.
Page 115 Table 9
Village of Whitefish Bay Ratios of Net General Bonded Debt Outstanding For the Fiscal Years Ended December 31, 2011 through 2020
Fiscal Year Less: Amounts Net General Ended Total General Available in Net General Equalized Total Assessed Estimated Obligation Debt December 31 Obligation Debt Debt Service Fund Obligation Debt Value Direct Tax Rate Population (A) per Capita
2011 $ 37,039,974 $ 52,270 $ 37,092,244 $ 1,978,965,100 1.87% $ 14,127 $ 2,625.63
2012 36,881,020 (63,719) 36,817,301 1,927,096,600 1.91% 14,150 2,601.93
2013 52,174,124 (293,204) 51,880,920 1,916,308,300 2.71% 14,169 3,661.58
2014 49,129,106 (260,081) 48,869,025 2,018,898,700 2.42% 14,172 3,448.28
2015 51,895,216 (110,471) 51,784,745 2,089,016,800 2.48% 14,146 3,660.73
2016 51,834,489 (87,253) 51,747,236 2,160,617,700 2.40% 14,054 3,682.03
2017 47,861,147 (119,023) 47,742,124 2,242,297,500 2.13% 14,110 3,383.57
2018 51,080,250 (2,714,901) 48,365,349 2,280,321,300 2.12% 14,106 3,428.71
2019 50,383,245 (379,753) 50,003,492 2,408,192,200 2.08% 13,866 3,606.19
2020 49,178,475 - 49,178,475 2,469,839,000 1.99% 14,000 3,512.75
(A) Source: WI Dept of Administration
Page 116 Table 10
Village of Whitefish Bay Ratios of Outstanding Debt by Type For the Fiscal Years Ended December 31, 2011 through 2020
Governmental Activities Business-type Activities General Obligation General Obligation Sewer Utility Total Primary Percentage of Estimated Fiscal Year Notes & Bonds Notes & Bonds Revenue Bonds Government Personal Income Personal Income Population Per Capita
2011 25,548,482 11,491,492 4,840,095 41,880,069 37,523,119,000 0.11% 14,110 2,968
2012 24,437,926 12,443,094 5,078,839 41,959,859 39,353,643,000 0.11% 14,110 2,974
2013 28,294,088 23,880,036 6,553,673 58,727,797 38,916,688,000 0.15% 14,130 4,156
2014 26,455,646 22,673,460 6,261,664 55,390,770 40,254,278,000 0.14% 14,110 3,926
2015 28,507,723 23,387,493 5,962,612 57,857,828 41,509,614,000 0.14% 14,243 4,062
2016 30,847,562 20,986,927 5,656,312 57,490,801 41,673,765,000 0.14% 14,216 4,044
2017 28,531,832 19,329,315 5,337,554 53,198,701 42,937,677,000 0.12% 14,178 3,752
2018 32,581,605 18,498,645 5,011,121 56,091,371 45,123,754,000 0.12% 14,106 3,976
2019 31,105,802 19,277,443 4,676,788 55,060,033 46,433,612,000 0.12% 13,866 3,971
2020 32,653,745 17,992,212 4,334,328 54,980,285 Not Available Not Available 14,000 3,927
Page 117 Table 11
Village of Whitefish Bay Legal Debt Margin Information For the Fiscal Years Ended December 31, 2011 through 2020
Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Equalized Valuation $ 1,978,965,100 $ 1,927,096,600 $ 1,916,308,300 $ 2,018,898,700 $ 2,089,016,800 $ 2,160,617,700 $ 2,242,297,500 $ 2,280,321,300 $ 2,408,192,200 $ 2,469,839,000 Legal Debt Limit Percentage (A) 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% Debt Limit $ 98,948,255 $ 96,354,830 $ 95,815,415 $ 100,944,935 $ 104,450,840 $ 108,030,885 $ 112,114,875 $ 114,016,065 $ 120,409,610 $ 123,491,950
Debt applicable to limit: General obligation debt $ 37,039,974 $ 36,881,020 $ 52,174,124 $ 49,129,106 $ 51,895,216 $ 51,834,489 $ 47,861,147 $ 51,080,250 $ 50,383,245 $ 50,645,957 Less: Amount in debt service fund 52,270 (63,719) (293,204) (260,081) (110,471) (87,253) (119,023) (2, 714,901) (379,753) - Total net debt applicable to limit 37,092,244 36,817,301 51,880,920 48,869,025 51,784,745 51,747,236 47,742,124 48,365,349 50,003,492 50,645,957
Legal debt margin $ 61,856,011 $ 59,537,529 $ 43,934,495 $ 52,075,910 $ 52,666,095 $ 56,283,649 $ 64,372,751 $ 65,650,716 $ 70,406,118 $ 72,845,993
Total net debt applicable to limit as a percentage of debt limit 37.49% 38.21% 54.15% 48.41% 49.58% 47.90% 42.58% 42.42% 41.53% 41.01%
Page 118 Table 12
Village of Whitefish Bay Direct and Overlapping Governmental Activities Debt As of December 31, 2020
Net Debt % Applicable Amount Applicable Governmental Unit Outstanding to Village to Village
Village of Whitefish Bay $ 32,653,745 100.00% $ 32,653,745
School District of Whitefish Bay $ 6,684,000 99.83% 6,672,664
Milwaukee Area Technical College 104,170,000 2.80% 2,916,031
Milwaukee Metropolitan Sewer District 751,978,446 3.55% 26,713,282
Milwaukee County 496,443,109 3.49% 17,312,461
Total Overlapping Debt $ 1,359,275,555 $ 53,614,438
Total Direct and Overlapping Debt $ 1,391,929,300 $ 86,268,183
Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the Village. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the Village. Information obtained on EMMA website.
Page 119 Table 13
Village of Whitefish Bay Revenue Bond Coverage - Sewer Utility For the Fiscal Years Ended December 31, 2011 through 2020
Net Revenue Gross Less: Available for Debt Service Requirements Fiscal Year Revenues Operating Expenses Debt Service Principal Interest Total Coverage Ratio
2011 1,614,944 1,373,460 241,484 202,506 135,326 $ 337,832 59.94%
2012 1,986,035 1,412,169 573,866 245,209 77,053 $ 322,262 76.09%
2013 1,850,674 1,262,541 588,133 292,010 96,560 $ 388,570 75.15%
2014 2,016,282 1,475,807 540,475 292,010 142,539 $ 434,549 67.20%
2015 2,177,903 1,450,409 727,494 306,300 88,415 $ 394,715 77.60%
2016 2,253,117 1,634,683 618,434 318,758 84,186 $ 402,944 79.11%
2017 2,299,000 1,603,219 695,781 326,433 79,799 $ 406,232 80.36%
2018 2,373,212 1,838,174 535,038 334,332 75,299 $ 409,631 81.62%
2019 2,449,084 1,926,076 523,008 347,461 70,685 $ 418,146 83.10%
2020 2,517,940 1,860,260 657,680 355,826 65,883 $ 421,709 84.38%
Page 120 Table 14
Village of Whitefish Bay Water / Sewer Utility - Ten Largest Users Year Ending December 31, 2020
Thousands of Water / Sewer Name Nature of Business Gallons (000) Billing
Jewish Community Center Community Center 87 $ 33,116 Bay Colony Apartment Complex 25 $ 27,754 Beaumont Place Apartment Complex 23 $ 31,635 Whitefish Bay High School High School 17 $ 24,307 909 E Henry Clay St Apartment Complex 16 $ 14,022 Winkies Novelty Store 23 $ 9,018 800 E Henry Clay St Apartment Complex 18 $ 13,047 505 E Henry Clay St Apartment Complex 17 $ 4,212 Trouble and Sons Pizzeria Restaurant 14 $ 12,804 Plaza de Oro Apartment Complex 12 $ 12,282
Top Ten Largest Users (1) 252 182,197
Total Water 3,135 $ 1,875,688 Total Sewer 3,015 $ 2,478,903
Ten Largest Users as Percent of Water Utility 8.0% 9.7% Ten Largest Users as Percent of Sewer Utility 8.3% 7.3%
(1) Sewer customers are charged based on water usage except for certain meters that are water only
Page 121 Table 15
Village of Whitefish Bay Stormwater Utility - Ten Largest Users Year Ending December 31, 2020
Stormwater Name Nature of Business ERU's Billing
School District of Whitefish Bay Middle School 204 $ 20,411 Jewish Community Center Community Center 133 $ 13,317 Village of Whitefish Bay Municipal Building 123 $ 12,320 Townhomes of Whitefish Bay Apartment Complex 112 $ 11,218 St. Monica's Congregation Church 50 $ 4,977 Dominican High School High School 44 $ 4,356 School District of Whitefish Bay High School 34 $ 3,436 Sendiks Grocery Store 28 $ 2,762 Beaumont Place Apartment Complex 26 $ 2,569 Lydell School Recreational Center 17 $ 1,675
Top Ten Largest Users 770 $ 77,041
Total Stormwater Utility 48,257 $ 594,325
Ten Largest Users as Percent of Stormwater Utility 1.6% 13.0%
Page 122 Table 16
Village of Whitefish Bay Customer Connections by Class to Water/Sewer Utility Systems Last Ten Fiscal Years
Year Residential Commercial Public Authority Total Customers
2011 4,663 119 11 4,793
2012 4,663 122 11 4,796
2013 4,661 123 11 4,795
2014 4,661 123 14 4,798
2015 4,661 129 17 4,807
2016 4,661 129 17 4,807
2017 4,661 129 17 4,807
2018 4,664 129 16 4,809
2019 4,666 130 17 4,813
2020 4,666 121 17 4,804
NOTE: Source: Whitefish Bay Water / Sewer Utility. Sewer charges are based on water usage.
Page 123 Table 17
Village of Whitefish Bay Customer Connections by Class to Stormwater Utility System Last Ten Fiscal Years
Year Residential Commercial Public Authority Total Customers
2011 NA NA NA NA
2012 NA NA NA NA
2013 4,661 123 11 4,795
2014 4,661 123 14 4,798
2015 4,661 129 17 4,807
2016 4,661 129 17 4,807
2017 4,661 129 17 4,807
2018 4,664 129 16 4,809
2019 4,666 130 17 4,813
2020 4,666 121 17 4,804
NOTE: Source: Whitefish Bay Stormwater Utility. Stormwater Utility was created in 2013.
Page 124 Table 18
Village of Whitefish Bay Demograhic and Economic Statistics Last Ten Fiscal Years
Village of Whitefish Bay Milwaukee, WI - MSA State of WI Adjusted Gross Income WFB School District Per Capita EOY Unadjusted Per Capita EOY Unadjusted Year Population (A) per Tax Return (B) Enrollment (C) Personal Income (D) Personal Income (D) Unemployment % (E) Personal Income (D) Unemployment % (E)
2011 14,110 139,680 3,067 37,523,119 39,426 8.2% 41,112 7.3%
2012 14,110 148,200 3,142 39,353,643 41,198 8.1% 42,947 6.9%
2013 14,130 142,750 3,140 38,916,688 40,633 7.5% 43,079 6.2%
2014 14,110 144,370 3,155 40,254,278 41,981 5.7% 44,785 4.9%
2015 14,243 164,245 3,077 41,509,614 43,291 4.9% 46,571 4.3%
2016 14,216 160,786 3,054 41,673,765 49,692 4.0% 47,426 3.7%
2017 14,178 163,431 3,057 42,937,677 45,099 3.1% 48,941 3.2%
2018 14,106 175,428 3,008 45,123,754 47,589 3.0% 51,647 3.0%
2019 13,866 180,686 3,011 46,433,612 49,098 3.6% 53,207 3.3%
2020 14,000 Not Available 2,897 Not Available Not Available Not Available Not Available Not Available
(A) Source: Wisconsin Dept of Administration (B) Source: Wisconsin Dept of Revenue - Division of Research & Analysis (C) Source: WFB School District (D) Source: US Dept of Commerce - Bureau of Economic Analysis (E) Source: WI Dept of Workforce Development
Page 125 Table 19
Village of Whitefish Bay Principal Employers Current Year and Ten Years Ago
2020 2011
Number of Number of Employer Name Nature of Business Employees Rank Employees Rank
School District of Whitefish Bay Elementary and secondary education 345 1 498 1
Jewish Community Center Community center, recreational facilities, day care 236 2 52 5
Sendik's Food Market Grocery store 120 3 100 3
Village of Whitefish Bay Municipal government and services 101 4 107 2
Keller Williams Realty Real Estate 51 5 40 7
MOXIE Food + Drink Restaurant 44 6 - NA
St. Monica Congregational School Elementary school 43 7 54 4
CVS Pharmacy Pharmacy 35 8 34 9
Holy Family Parish School Elementary school 34 9 - NA
BMO Harris Bank Bank 25 10 - NA
Dan Fitzgerald Pharmacy Pharmacy - NA 43 6
M&I Bank Bank - NA 39 9
Winkie's Novelty Store - NA 25 10
Total - Top 10 Employers 1,034 992
Page 126 Table 20
Village of Whitefish Bay Village Government Employees by Function / Program Last Ten Fiscal Years
Function 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
General Government: Administration 2.0 3.0 2.5 2.5 2.0 2.0 2.0 2.0 3.0 3.0 Finance / Village Clerk 3.5 4.0 4.0 3.5 3.7 3.7 3.8 3.8 3.0 3.0 Municipal Court 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0
Public Safety: Police 29.5 29.5 29.5 28.5 28.0 27.2 27.2 27.5 27.3 27.3 Inspection Services 2.5 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0
Public Works: Administration 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 General Labor 14.0 13.0 13.0 13.0 11.0 11.0 11.0 11.0 11.0 11.0 Engineering 2.0 2.0 2.0 2.0 1.0 1.0 1.0 1.0 1.0 1.0 Solid Waste Collection 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 2.0 2.0 Recycling Collection 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Mechanic 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Utilities 2.0 2.0 2.0 1.5 1.2 1.2 2.0 2.0 2.0 2.0
Health Department: Nurse 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 Health Aids 2.5 2.5 2.5 4.8 4.8 4.8 4.8 4.8 4.8 4.8
Library: Librarians 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 Circulation 5.5 3.5 3.5 6.0 4.3 4.3 4.3 4.3 4.6 4.6 Shelvers 4.0 4.0 4.0 4.0 2.5 2.5 2.5 2.5 1.9 1.9
Average Employment - Village of Whitefish Bay 82.4 81.4 80.9 83.8 76.5 75.7 76.6 76.9 74.7 74.7
Page 127 CLA (CliftonLarsonAllen LLP) CLAconnect.com
Village Board and Management Village of Whitefish Bay, Wisconsin Whitefish Bay, Wisconsin
In planning and performing our audit of the financial statements of the governmental activities, the business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of Village of Whitefish Bay, Wisconsin, as of and for the year ended December 31, 2020, in accordance with auditing standards generally accepted in the United States of America, we considered the entity’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we do not express an opinion on the effectiveness of the entity’s internal control.
Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and, therefore, material weaknesses or significant deficiencies may exist that were not identified. In addition, because of inherent limitations in internal control, including the possibility of management override of controls, misstatements due to fraud or error may occur and not be detected by such controls. However, as discussed below, we identified a deficiency in internal control that we consider to be a significant deficiency.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corre cted, on a timely basis.
Significant deficiency A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. We consider the following deficiency in the entity’s internal control to be a significant deficiency:
The Village does not have effective controls to safeguard assets and prevent or detect misstatements on a timely basis as a result of lack of segregation of duties. The Village’s Finance Director/Clerk has the ability to process cash receipts, cash disbursements, post journal entries and also prepares most account reconciliations. Review procedures have been implemented to help detect potential misstatements. We recommend, to the extent possible, that reviews over transactions processed and reconciliations continue to be performed by individuals other than the Finance Director/Clerk. Village Board and Management Village of Whitefish Bay, Wisconsin Page 2
Management’s response The Village will continue to perform reviews of all journal entries and reconciliations. The Village will continue to evaluate processes and procedures to determine if additional segregations of duties can be achieved.
Village of Whitefish Bay, Wisconsin’s written response to the significant deficiency identified in our audit was not subjected to the audit procedures applied in the audit of the financial statements and, accordingly, we express no opinion on it.
* * *
This communication is intended solely for the information and use of management, Village Board, and others within the entity, and is not intended to be, and should not be, used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Wauwatosa, Wisconsin June 8, 2021 CLA (CliftonLarsonAllen LLP) CLAconnect.com
Village Board Village of Whitefish Bay, Wisconsin Whitefish Bay, Wisconsin
We have audited the financial statements of the governmental activities, the business-type activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of Village of Whitefish Bay, Wisconsin as of and for the year ended December 31, 2020, and have issued our report thereon dated June 8, 2021. We have previously communicated to you information about our responsibilities under auditing standards generally accepted in the United States of America, as well as certain information related to the planned scope and timing of our audit. Professional standards also require that we communicate to you the following information related to our audit.
Significant audit findings Qualitative aspects of accounting practices Accounting policies Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by Village of Whitefish Bay, Wisconsin are described in Note 1 to the financial statements.
No new accounting policies were adopted and the application of existing policies was not changed during 2020.
We noted no transactions entered into by the entity during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.
Accounting estimates Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the financial statements were:
The net OPEB liabilities, deferred outflows of resources and deferred inflows of resources reported for the OPEB benefits are calculated by an actuary based on census data and the plans’ assumptions for discount rate, inflation rate, mortality, retirement, and other data. We evaluated the key factors and assumptions used to develop net OPEB liabilities, deferred outflows of resources and deferred inflows of resources for OPEB benefits in determining that it is reasonable in relation to the financial statements as a whole. Village Board Village of Whitefish Bay, Wisconsin Page 2
The net pension asset (liability), deferred outflows of resources and deferred inflows of resources reported for the pension benefits are calculated by an actuary based on census data and the retirement systems’ assumptions for discount rate, inflation rate, mortality, retirement, and other data. We evaluated the key factors and assumptions used to develop net pension liability, deferred outflows of resources and deferred inflows of resources for pension benefits in determining that it is reasonable in relation to the financial statements as a whole.
Management’s estimate of useful lives of capital assets is based on the Village’s capitalization policy and regulatory guidance provided by the Public Service Commission. We evaluated the key factors and assumptions used to develop the useful lives of capital assets in determining that it is reasonable in relation to the financial statements taken as a whole.
Management’s estimate of unbilled water utility, sewer utility, and storm water utility receivables and related revenues are based on the Village’s review of historical trends for rates and usage trends for the month of December. We evaluated the key factors and assumptions used to develop the estimate for unbilled water utility, sewer utility, and storm water utility receivables and related revenues in determining that it is reasonable in relation to the financial statements as a whole.
Financial statement disclosures Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. There were no particularly sensitive financial statement disclosures.
The financial statement disclosures are neutral, consistent, and clear.
Difficulties encountered in performing the audit We encountered no significant difficulties in dealing with management in performing and completing our audit.
Uncorrected misstatements Professional standards require us to accumulate all misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. We did not encounter any uncorrected misstatements in performing and completing our audit.
Corrected misstatements Management did not identify and we did not notify them of any financial statement misstatements detected as a result of audit procedures.
Disagreements with management For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditors’ report. No such disagreements arose during our audit. Village Board Village of Whitefish Bay, Wisconsin Page 3
Management representations We have requested certain representations from management that are included in the attached management representation letter dated June 8, 2021.
Management consultations with other independent accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the entity’s financial statements or a determination of the type of auditors’ opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.
Significant issues discussed with management prior to engagement We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to engagement as the entity’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our engagement.
Other audit findings or issues We have provided a separate letter to you dated June 8, 2021 communicating internal control related matters identified during the audit.
Audits of group financial statements We noted no matters related to the group audit that we consider to be significant to the responsibilities of those charged with governance of the group.
Limitations on the group audit There were no restrictions on our access to information of components or other limitations on the group audit.
Other information in documents containing audited financial statements With respect to the required supplementary information (RSI) accompanying the financial statements, we made certain inquiries of management about the methods of preparing the RSI, including whether the RSI has been measured and presented in accordance with prescribed guidelines, whether the methods of measurement and preparation have been changed from the prior period and the reasons for any such changes, and whether there were any significant assumptions or interpretations underlying the measurement or presentation of the RSI. We compared the RSI for consistency with management’s responses to the foregoing inquiries, the basic financial statements, and other knowledge obtained during the audit of the basic financial statements. Because these limited procedures do not provide sufficient evidence, we did not express an opinion or provide any assurance on the RSI. Village Board Village of Whitefish Bay, Wisconsin Page 4
With respect to the supplementary information, as presented in the table of contents, accompanying the financial statements, on which we were engaged to report in relation to the financial statements as a whole, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period or the reasons for such changes, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We have issued our report thereon dated June 8, 2021.
The introductory section, other information, and statistical section, as presented in the table of contents, accompanying the financial statements, which is the responsibility of management, was prepared for purposes of additional analysis and is not a required part of the financial statements. Such information was not subjected to the auditing procedures applied in the audit of the financial statements, and, accordingly, we did not express an opinion or provide any assurance on it.
Other information is being included in documents containing the audited financial statements and the auditors’ report thereon. Our responsibility for such other information does not extend beyond the financial information identified in our auditors’ report. We have no responsibility for determining whether such other information is properly stated and do not have an obligation to perform any procedures to corroborate other information contained in such documents. As required by professional standards, we read the introductory section, other information, and statistical section, as presented in the table of contents (the other information), in order to identify material inconsistencies between the audited financial statements and the other information. We did not identify any material inconsistencies between the other information and the audited financial statements.
Our auditors’ opinion, the audited financial statements, and the notes to financial statements should only be used in their entirety. Inclusion of the audited financial statements in a document you prepare, such as an annual report, should be done only with our prior approval and review of the document.
* * *
This communication is intended solely for the information and use of the Village Board and management of Village of Whitefish Bay, Wisconsin and is not intended to be, and should not be, used by anyone other than these specified parties.
CliftonLarsonAllen LLP
Wauwatosa, Wisconsin June 8, 2021
VILLAGE BOARD MEETING – STAFF REPORT
REPORT TO: Village President Buckley and Members of the Village Board Paul Boening – Village Manager
REPORT FROM: Tim Blakeslee – Assistant Village Manager
DATE: 7/7/21
AGENDA ITEM: Approve Ordinance No. 1886 to amend the Traffic Code (regarding parking on Silver Spring Drive).
ACTION REQUESTED: _√_ Ordinance __Motion ___Information Only
BACKGROUND
Mathnasium opened approximately 4 months ago at 423 E Silver Spring Drive in the former Bay Bakery space. Mathnasium owner Rohita Shah and property owner AMP Holdings LLC (Dr. Jerome Mahalick) have requested that the current parking stall that is listed as 15 minutes from “6:00 a.m. to 8:00 a.m. Tuesday to Sunday” in front of Mathnasium be modified to create a designated ‘drop off’ space limited to 5 minutes during the times of 9:00 a.m. to 8:00 p.m. from Monday to Friday and 12:00 p.m. to 4:00 p.m. on Sunday. See location photo to the right.
The current 15 minute designated space was created at the request of the property owner AMP Holdings LLC and Bay Bakery in 2019. Ms. Shah and Dr. Mahalick have noted sometimes children are dropped off across the street and they have seen several near accidents with vehicles in the crosswalk. In addition, while not encouraged, the area in front of the space in question can be used as drop off location which can create sight line issues for drivers.
RECOMMENDED ACTION BY VILLAGE BOARD Approve Ordinance No. 1886 to amend the Traffic Code (regarding parking on Silver Spring Drive).
Attachments: 1. Ordinance No. 1886
CC: Attorney Jaekels
STATE OF WISCONSIN MILWAUKEE COUNTY VILLAGE OF WHITEFISH BAY
ORDINANCE NO: 1886
An Ordinance Relating to the Traffic Code
The Village Board of the Village of Whitefish Bay, Milwaukee County, Wisconsin does ordain as follows:
Section One: Section 6-9-A of the Traffic Code is hereby amended to include the following entry in the “Time limit parking” table:
Name of Street Side Time Limit; Hours Location East Silver Spring South Limited to 5 From a point 47 feet Drive minutes during the west of North Diversey times of 9:00 a.m. Boulevard to a point to 8:00 p.m. from 69 feet west of North Monday to Friday Diversey Boulevard and 12:00 p.m. to 4:00 p.m. on Sunday
Section Two: All ordinances or parts of ordinances conflicting with the provisions of this Ordinance are hereby and to such extent repealed.
Section Three: This ordinance shall take effect and be in force from and after its passage and posting.
PASSED AND ADOPTED by the Village Board of Trustees of the Village of Whitefish Bay this 12th day of July 2021.
VILLAGE OF WHITEFISH BAY
Kevin Buckley Village President
Jaimie Krueger, Village Clerk
STATE OF WISCONSIN MILWAUKEE COUNTY VILLAGE OF WHITEFISH BAY
ORDINANCE NO: 1887
An Ordinance Relating to the Traffic Code
The Village Board of the Village of Whitefish Bay, Milwaukee County, Wisconsin does ordain as follows:
Section One: Section 6-9-A of the Traffic Code is hereby amended to include the following entry in the “Time limit parking” table:
Name of Street Side Time Limit; Hours Location North Berkeley East 1 hour between From East Belle Boulevard 7:30 a.m. to 4:30 Avenue to East p.m. on School Montclair Ave Days
Section Two: All ordinances or parts of ordinances conflicting with the provisions of this Ordinance are hereby and to such extent repealed.
Section Three: This ordinance shall take effect and be in force from and after its passage and posting.
PASSED AND ADOPTED by the Village Board of Trustees of the Village of Whitefish Bay this 12th day of July 2021.
VILLAGE OF WHITEFISH BAY
Kevin Buckley Village President
Jaimie Krueger, Village Clerk
VILLAGE BOARD MEETING STAFF REPORT
REPORT TO: President Kevin Buckley & Village Board of Trustees
REPORT FROM: Paul Boening – Village Manager
DATE: July 8, 2021
AGENDA ITEM: Discussion/action on appointment of Village Trustee
ACTION REQUESTED: ___Ordinance ____Resolution __√__Motion
BACKGROUND
At the June 7th meeting, the Village Board directed staff to post the Village Trustee vacancy and to set an application deadline of July 1st. A total of 19 residents applied for the position. Two applicants have since withdrawn their names from consideration. Due to the size of the applicant pool, President Buckley requested feedback from Board members, which led to the decision to utilize tonight’s meeting to collectively discuss a path forward. A summary spreadsheet with applicant information is attached along with copies of submitted cover letters and resumes.
The feedback received from Board members was varied. Suggestions included:
Keeping the position open until the voters can elect a successor at next April’s election. Crafting a series of 3-5 questions that for each candidate. We'd then have to split the candidates into at least two more meetings to hear their responses. We could then possibly narrow down the field with a vote at a third meeting, then potentially a final vote at a fourth meeting. Keep the commitment to the public and applicants to carry out this process. Create a subgroup of the Board who are willing to meet a few times before the next Village Board meeting to make a recommendation (either of one individual or a few) to the Board for a vote. Have all applicants answer two questions in essay form; Have the six trustees do ranked choice voting to determine the top 2-3 applicants; do in person interviews of the top candidates at an open session or trustee meeting; Vote on finalists.
As a reminder, the appointment cannot be made by secret ballot or closed session of any kind. Wis. Stat. § 19.88. If a paper ballot is used the ballot must contain the name of the voter and the person voted for. Voice votes must be conducted by roll call. Under Wis. Stat. § 17.24, a vote of a “majority of the members” of the Board is required. This means that the statute requires an affirmative vote of four of the six trustees in order to make an appointment.
RECOMMENDED ACTION BY VILLAGE BOARD To discuss options (including but not limited to) the suggestions outlined above. If there is consensus to move forward with filling the seat, the Board will need to provide direction to staff regarding desired procedural steps/timing. Village Trustee Applications
College, College, College, Previous Governmental Civic or Charitable Organizations Professional, Professional, How Long Have You Been A Registered Position/Office Professional, Please state reasons why you want to become a member of this Board or Commission, including what specific objectives you would be working toward as a Any other information which you feel would be useful to the Board of Trustees in Supplied Cover Letter and/or How did you hear about the Name Email Address Address Present Employer Job Title Bodies/Elective Offices Dates Organization to Which Applicant Position Held Dates2 Major Subject Dates3 Degree/Date Vocational Major Subject3 Dates4 Degree/Date2 Vocational Major Subject2 Dates5 Degree/Date3 Special Interests/Hobbies/Talents Voter of Whitefish Bay? Held Vocational member of this advisory board: (Attach second page if necessary) reviewing your application: (Attach 2nd page if necessary) other material opening on this Commission? Applicant Has Served Has Belonged Schools Schools Schools Attended Attended3 Attended2
Member of the Bachelor of Arts - Student Senator & University of I think this is such a wonderful opportunity to become involved in this great village. Â Â Obviously my background is not in law or finance, but I do believe I represent a 2004-2005 & Signature Project 08/01/2004 to BA, Visual Art & a Anna Kasper [email protected] 4780 N Idlewild Ave Since 2012 Self Interior Designer Student Association (UWM) Director of Junior League of Milwaukee 2018-2019 Wisconsin - Art I've always thought that one day I would perhaps run for one of these seats. Â As far as "specific objectives" go, I just want to use my integrity, honesty, and team significant population of Whitefish Bay. Â I'm more than willing and excited to learn Gardening, art, acting, design, travel Cover Letter Village email 2005-2006 Committee (SHE 06/01/2009 minor in Art Women's Issues Milwaukee player mentality to see the best for my community. Â the rest from my future colleagues. Â program) Criticism (2009)
I grew up in Minnesota and after many professional relocations over the years, my My interest in serving this Board and community is driven by my desire to share my experiences and knowledge to advance our community’s development. I US Department of Housing Deputy Chief of Board Vice 2016-present family and I moved to Whitefish Bay 4 years ago, and have two daughters (ages 12 and 2007-2009 believe my experiences with economic development and housing, my years of business leadership, and my own personal experiences, would allow me to and Urban Development; US Staff (HUD) / President (Hunger (Hunger Task 15) in WFB public schools. We feel fortunate to have found our way to Whitefish Bay, 1101 E Lexington (HUD/SBA); 1995- Hunger Task Force; Whitefish Bay Stanford Economics and 09/01/1991 to Bachelors of Arts, Harvard Business General 09/01/1999 to contribute meaningfully to the board on a variety of matters. I am particularly interested in working to create conditions for dynamic economic development on Motorcycling, fitness, reading, volunteering and Anoop Prakash [email protected] 4 years REV Group Inc Division President Small Business Associate Task Force); Force); 2021 - MBA, 2001 and are in awe of the talent and diversity present in our community, and the quality of Cover Letter and Resume Neighbor Blvd 1999 (US Marine Memorial Day Committee 2021 University Public Policy 06/01/1995 1995 School Management 06/01/2001 Silver Spring and finding constructive ways to progress on issues of equity and inclusion, enhancing our reputation as a model school district and community. This nature hikes with family Administration; US Marine Administrator Committee Memorial Day life. While this last year has been trying it has also illuminated opportunities for us to Corps) is a special village that the board is entrusted to preserve and protect, while also being charged to build on our strengths and move the entire community forward. Corps (SBA) Member (WFB) committee advance our community and lead from the front, and I am eager to contribute my skills It would be an honor to serve in this capacity. and time to this effort.
Public service and volunteering to help my community have always been of paramount importance to me. I have experience working for both local and federal government, and have been looking for a way to give back to the Whitefish Bay community. In March, I applied to fill a still pending vacancy as a member of the Board of Appeals. However, when I learned a vacancy had arisen on the Village Board, I knew it would be the perfect opportunity for me to be of service to my neighbors and community in a capacity where my background and skills would provide value to my neighbors.
I grew up in village in Illinois which made national news when I was a teenager for recalling one of its members – supposed being the first Illinois municipality to do so. After months of hearing gossip about the village trustees infighting and work that wasn’t done or given the appropriate amount of attention, it became I am an experienced litigation attorney licensed in Wisconsin, Illinois, Minnesota, clear to me that local government that was not working well was noisy and distracting for its constituents. Accordingly, I had come to believe that by contrast, I was on the Board of Review North Dakota, and the District of Columbia. I have interacted with court staff, local government working well was local government that while accessible, remained relatively out of the thoughts of its constituents – the logic being that if in Shorewood, before moving attorneys, and judges from a wide array of backgrounds and life experiences, and I things were running smoothly, people would not have a reason to learn more about their local officials. However, over the past few years what I have seen has I enjoy travelling, working in our yard from spring to Whitefish Bay. I have believe each interaction has made me a better listener, a better advocate, and a better Member: caused me to somewhat change my opinion. through fall, and I am currently learning Japanese. I previously worked at the U.S. negotiator. I know my career has resulted in a skill set that will make me a great Advisory Board November 2016- am passionate about animals, and with my wife Attorneys Office for the The University of Village Board member. Member of the May of 2018 Secretary; Present; Northwestern The George After witnessing frequent fighting among community members related to issues that have nothing to do with our local government, I now understand that local have a rescue cat and dog. I have experience in Through an article on the 5775 N Shoreland Associate General Western District of Wisconsin, 08/13/2012 to Wisconsin- 08/29/2011 to Economics, 09/01/2008 to Bachelor of Ari Kasper [email protected] Since I moved here in mid-2019 eXp Realty, LLC Shorewood Board through April of The Wisconsin Humane Society Advisory Board Secretary: May University School Law Juris Doctorate Law N/A - Transferred Washington government working well is still government that is quiet and accessible, but which its constituents know is working not just to maintain the status quo, but to computer programming, and have maintained a Cover Letter and Resume Milwaukee Journal Sentinel Ave Counsel, Litigation and before then interned in 05/16/2014 Madison School of 08/13/2012 Political Science 05/15/2011 Science Additionally, in my prior role working in private practice as one of Milwaukee’s law of Review 2019 Member; Pet- 2019-Present; Pet of Law University actively make their neighborhood better. I joined the platform Nextdoor when I moved to the area. While I frequently see posts of people looking for local working knowledge of Robert's Rules of Order from Online the Department of the Law firms, I had numerous cases where I represented municipalities in the State of Walk Co-Chair Walk Co-Chair: recommendations, asking for help with a lost pet, or inquiring about something occurring in the community, the last year also made it clear just how much anger my time in Student Congress in High School Treasury, Office of Public Wisconsin in litigation (though not Whitefish Bay). Having firsthand experience June 2019-Present there is amongst those who live here towards each other. I myself made a post just recently to note that a sign had been taken from my front lawn – intended through advising Condominium and Homeowners Affairs and in the Office of the defending other municipalities in lawsuits brought by residents, local businesses, and to notify my neighbors in case anyone else had a similar experience. What then resulted was a thread over eighty comments long of neighbors sometimes civilly Associations as an attorney. Majority Leader of the U.S. visitors, I am keenly positioned to assist Whitefish Bay to avoid future litigation and sometimes not, expressing rage about a multitude of issues some seemingly completely unrelated to my post. House of Representatives. wherever possible, and where it is not possible, to ensure the Village has the strongest
defensible position that it can. To be clear, I don’t believe it is the role of local government to try to insert itself into those types of disputes, nor to monitor or attempt to police them. However, I do believe there is more that could be done to foster friendly or even neutral conversation amongst those who live here. If chosen to be a member of the Village Board, one of my focuses would be on creating opportunities for community engagement where neighbors could meet one another, converse, focus on what they have in common, and hopefully become less combative towards one another. I don’t expect this to be easy, nor do I expect it to be entirely successful; but I do hope that when new individuals move to Whitefish Bay and see how their new neighbors interact with each other, there are at least a few less posts that leave them wondering if they’ve made a mistake. In furtherance of this effort, I would be more than happy to put my technology and computer programming skills to use where possible to minimize any costs that might otherwise need to be incurred by a third-party or time that a member of village staff
I would like to become a member of this Board to serve as a steward of Whitefish Bay and help improve the Village in meaningful ways. Specific objectives I would Applied Bachelor of Spanish Language, work towards include: continuing to strengthen the public school system, including reinforcing the liberal arts side of STEM fields; making sure the Village receives Fund Administration Marquette 08/01/2017 to Marquette 08/01/2017 to Bachelor of Arts / Marquette Applied 06/01/2020 to Master of Science As an alumnus of Badger Boys State, I am well versed in parliamentary procedure and The Village of Whitefish Bay Brian Massaro [email protected] 100 E CHATEAU PL Over 1 year U.S. Bank Global Fund Services N/A N/A N/A Knights of Columbus Member 2015 - Present Mathematical Science / May Literature and its fair portion of the federal infrastructure funding likely to pass Congress this summer; implement environmental programs and incentives such as EV charging Sports Analytics, Forex Trading, Golf Cover Letter and Resume and Compliance University 05/31/2020 University 05/31/2020 May 2020 University Economics 12/31/2020 / December 2020 other systems pertinent to governance. Official Weekly Newsletter Economics 2020 Culture stations on public properties and reduced user fees for street parking for EVs; looking for ways to improve the terms of the Village's GO bond issuance in light of its excellent credit rating; and exploring the possibility of issuing a special series of GO bonds only to Village residents as part of a community building initiative.
Massachusetts George 5573 N SANTA Aftermarket Services BS Marine MS Engineering Chris Byrnes [email protected] 4 years Caterpillar Maritime 1995 Washington 2007 I want to give back to the community and feel I can be an advocate for all Outdoor Activity, Boating, Fishing Cover Letter Village Newsletter MONICA BLVD Manager Engineering Management Academy University
Elected to Regional Coordinator for NODA - Association for Orientation, Transition and Retention I've also been elected to I am interested in becoming a Trustee because I want to serve Whitefish Bay. Since moving here 3 years ago, I've enjoyed an incredible neighborhood and I'm eager to learn (I have some experience with politics and civic engagement), I'm several governance positions Organizational Master's of welcoming community. I believe I need to give back in order fully appreciate all that Whitefish Bay has to offer. I believe I can bring an excellent perspective good with technology (I help run social media and update my department websites), I 4975 N Diversey Director, Welcome at UW-Milwaukee including Regional January 2018 - North Central 09/09/2001 to Bachelor of Arts; Grand Valley State College Student 08/01/2005 to Hiking, Supporting local restaurants and bars, Colin Daly [email protected] 3 Years University of Wisconsin-Milwaukee Sigma Pi Fraternity Advisor Current Member Communications; Education; April coming from higher education - I have experience in equity/diversity, budget management, crisis management, creating relationships with diverse stakeholders, have excellent written communication skills (I market events, edit communications to Cover Letter and Resume Village Facebook post Blvd Programs Codification, Nominations, Coordinator March 2020 College 06/05/2005 June 2005 University Affairs Leadership 04/29/2007 Acting/Theater, Travel, Civic engagement Spanish 2007 and can be objective when making decisions since I'm new. My specific objectives include: maintaining the health and safety of our residents, help ensure policies students and parents), and I plan to stay in the Village long term (planning an addition and Academic Staff are equitable and inclusive, and since this would be my first term learn as much as I can to maintain the amazing standards the current board has set. to our house). I sincerely appreciate your consideration. Committee. These positions all serve staff at the institution and review policies, procedures and help advocate to campus leadership.
As a life-long teacher and educational leader, I can offer a unique perspective on the importance of creating a village that focuses on community connections. I work at an institution that has demographic components similar to Whitefish Bay's; University School is composed of predominantly white, comparatively Board President UCC, Education While I am not from Wisconsin, I have now lived longer in Whitefish Bay than Board President United Community Center (UCC) UCC: 2017- University of University of privileged families, much as Whitefish Bay is. I am challenged as a leader at the school to cultivate an environment where everyone feels included and where from 2015-2018; Committee English Language 09/01/1995 to 09/01/1988 to anywhere else: 21 years, all of them spent in the same "starter" house. I would be The North Shore Now Elaine Griffin [email protected] 855 E. Glen Ave. Since 2020 University School of Milwaukee Head of Middle School Whitefish Library Board and Board Global Youth Leadership Institute present; GYLI: Chicago, Chicago, MA, June 1996 Michigan, Ann English BA, May 1992 diverse perspectives are sought and valued. I would bring my experience with and commitment to that work to the Village Board. As we recover from COVID-19, it travel, reading, wellness Cover Letter and Resume Board Member Member; GYLI, and Literature 06/15/1996 05/29/1992 honored to give back to a community that has given me such a profound sense of newspaper (6/30/21) Member (GYLI) 2019-present IL Arbor, MI is more important than ever that the Board focus on building back better. I am also interested in contributing my oral and written communication skills to the from 2009-2018 Board Member belonging. Board's work. I am often charged at my school with writing difficult letters to various stakeholders and with delivering difficult messages. I do so firmly but with a real respect for the perspective of each constituent. As we make hard decisions, I would ensure that we communicate them with accuracy, sensitivity, and respect.
Business Hank 4872 North Larkin Board of Review Building Owners and Managers Marquette Administration - 08/21/1980 to MAI Appraisal designation, Certfied Internal [email protected] 15 years Hakaduli Properties Managing Partner Whitefish Bay 2011 - present President 2018-2019 B.A. See cover letter. See cover letter. Cover Letter and Resume Email from Village Schneider Street Member Association - Wisconsin University Finance 05/23/1985 Auditor Specialization
Anyone can say they support DE&I but I have consistently acted upon that commitment throughout my career. I have been involved in Diversity, Equity and Johnson Controls Business Resource BRG President, Inclusion initiatives since I began my professional career in 2013. I am currently a Group (D&I) Leader; Harley- holistic D&I Bachelor of member of every Business and Employee Resource Group at Harley and serve as the Senior Program Davidson Diversity, Equity and BRG President I have a sincere passion towards fostering and supporting diverse, equitable and inclusive environments within my personal life, the companies I work for, and the leader, Product University of Supply Chain & Business leader for the entire DE&I organization for the Product Development Center which has Learning, allyship, spending time with my children, James Woyak 4747 N Manager - Electric Infantry Rifleman Inclusion Lead, Volunteer at 2017-2019, DE&I communities I live. My priority in this role will be to enhance the health, safety and welfare of all the citizens of Whitefish Bay with an equitable approach. The Whitefish Bay Official [email protected] 2 years Harley-Davidson Motor Company United States Marine Corps 2009-2013 Development Wisconsin- Operations Administration - over 500 employees. This is truly my passion. I educate myself constantly about sports and card games such as spades, sheepshead Cover Letter and Resume Jr Marlborough Dr. Vehicle New Product and Squad Leader Interchange Food Pantry, Site Lead 2019- Secondly, I would like to see the development of restaurants, stores and other local small businesses in Whitefish Bay, rather than seeing much of that revenue Weekly Newsletter Center DE&I Lead Milwaukee Management Summa - May inequities that exist in communities I am not a member of, to be constantly and poker Development Neighborhood House, Milwaukee Present going to places on Oakland Ave in Shorewood. and general 2020 recognizing and working to improve the existence of blind spots. My wife is a High Rescue Mission, Hunger Task Force volunteer School Special Education Teacher in MPS. We are a family who pride themselves on and more. community activism, service and engagement. My cover letter and resume which I have emailed to Paul Boening, will provide additional information and context.
I worked with the Kenosha Area Business Alliance and the Kenosha Chamber of Commerce to plan and moderate candidate debates for local and area political offices: the Political Science: state senate race between Robert main As a political scientist, I have a professional interest in public policy and government. As relatively new member of the community (I moved here in 2018 with my Wirch and Reince Priebus in 2004, concentration - wife who grew up here), I am interested in serving the community and establishing more connections to it. There are no pressing items of specific concern to me, the Kenosha mayoral race between public policy; the village seems very well run, and I am impressed with quality of its services. At other scales beyond the local, I am concerned with public problems related to: Professor of Political Doctorate in University of Bachelor of Arts in 1130 East Lexington Keith Bosman and Pat Moran in Northern Arizona cognates - 09/01/1995 to 09/01/1985 to environmental sustainability, social fragmentation and polarization, and various forms of escalating inequality. In some limited ways, local governments should be Jerald Mast [email protected] Since 2018. Carthage College Science and Political Science, Wisconsin - Political Science Political Science, Reading, hiking and bicycling. Cover Letter and Resume Village email Boulevard 2008, and the 1st Congressional University Environmental 05/15/2002 05/15/1989 mindful of these challenges, and open to ways in which they can contribute to solutions. But in more concrete ways, local governments are rightly preoccupied Department Chair 2002 Madison 1989 District race between Paul Ryan and thought, with traditional demands surrounding development, infrastructure building and maintenance, parks, and education. On these matters, I believe the village Marge Krupp in 2008. I served as a American deserves high marks. I would keep an open mind about any manner of incremental changes, but am not currently aware of arguments for significant shifts in Board member to Youth as government, policy, nor would I bring a preexisting agenda along such lines to this position. Resources organization in Kenosha democratic theory in 2006-2007, and was a member of the Strategic Planning Task Force for the Westosha School District in 2003 - 2004.
I would like to serve as a Village Trustee based on my longtime ties to the Whitefish Bay community, and my dedication to public service as demonstrated by my career as an Attorney for the Social Security Administration. I grew up and lived in Whitefish Bay until I graduated from Whitefish Bay High School in 1999. I My career as an Attorney for the Social Security Administration would be particularly moved back to Whitefish Bay in 2019 with my husband and three young sons. Four generations of my family reside in Whitefish Bay, including my grandmother, useful to serving on the Village Board. I have worked as an Attorney for the Social University of my parents, myself and my children. A main objective of being a Trustee would be to represent the diverse viewpoints and interests of the citizens of Whitefish Security Administration for the past 12 years, including independently reviewing 08/01/2005 to 08/01/2003 to Master's of Public 09/01/1999 to Bachelors of Kim Spaude [email protected] 6311 N. Lake Dr 2 years Social Security Administration Attorney Temple University Law Juris Doctorate Drexel University Public Health Wisconsin- Zoology Bay, as demonstrated by the varying ages of my own family that reside in Whitefish Bay. I am interested in maintaining the community that I enjoyed growing up claims for disability and determining whether a favorable decision is warranted by the Running Cover Letter and Resume Village emails 05/01/2008 05/01/2005 Health 05/01/2003 Science Madison and still enjoy so that my children will be able to experience the same parks, schools, and community functions that really represent the Village. Since being back record. This work activity requires strong research ability, adaptability, and the ability in Whitefish Bay, I have volunteered in various areas, including serving as a room parent for my son's teachers at Richards from 2019-2020 and 2020-2021. In to apply information objectively. Moreover, the confidentiality and transparency addition, due to my background in public health, I served on the Health Advisory Committee formed to assist the Whitefish Bay School District during the required for my job are also applicable to serving as a Village Trustee. pandemic.
I grew up in Whitefish Bay and graduated from WFB High School in 1996. I moved back with my family in July 2007 and have been here ever since. I take great pride in my community, and I would like to do what I can to keep it a great place to live and raise a family. I don't have any particular specific objectives, but B.S. Mechanical University of No public office; currently a January 2018- University of Mechanical 08/20/1996 to 08/20/2000 to generally speaking, I believe Village resources should be used for the continued improvement of the Village and the community. One example is the upgraded Tennis, volleyball, 7th grade Whitefish Bay free Michael Griggs [email protected] 4635 N Lake Dr 14 years Boyle Fredrickson S.C. Attorney Board member NA NA NA Engineering; May Wisconsin Law Law J.D.; May 2003 Cover Letter Village newsletter board member at my law firm present Notre Dame Engineering 05/20/2000 05/20/2003 refuse collection vehicles and system, which allowed for more frequent collection. I see that as a worthwhile investment that has greatly improved the quality of throw champion 2000 School life for all Whitefish Bay residents. I would hope that I can help to identify similar investments and opportunities that strike a balance between reasonable expenditures and improvements to the Village.
Board Member - Jewish Community Center; Milwaukee Jewish I love the community of Whitefish Bay, ever since we moved here 8.5 years ago. We love how family-oriented it is and how much opportunity there is to have an Federation; Globall Giving; Mitchell A 5561 North Bay General Board 09/06/1994 to impact on all of Southeastern Wisconsin. With a sales and marketing background, I am interested in helping the BID District increase business opporunities With a background in radio, public speaking, emceeing and auctioneering, I wonder if Reading, Writing, Sports, Fundraising, Emceeing, I subscribe to the weekly Village [email protected] 8.5 years Self Employed - ThunderMKE, LLC Thunder None None N/A Congregation Beth Israel Ner Tamid. 20+ years UW-Madison Journalism Bachelor of Arts Cover Letter Nelles Ridge Avenue Member positions 05/19/2000 throughout the Village, with a focus on Silver Spring Drive. I love the idea of a diverse thoroughfare with buzz and energy and a real destination for people in all there is a fit to get the voice of Whitefish Bay out into the greater community? Auctioneering newsletter Campaign Cabinet - UPAF. nearby municipalities. Volunteer - Make-a-Wish, MACC Fund, Guest House
Financial Advisor, Nicholas Marquette Political Science & 08/17/2008 to I love Whitefish Bay and the broader Milwaukee community as a whole. I would welcome the opportunity to serve my community and help improve wherever I I would love to lend my financial knowledge to help the Board in filling its vacancy with History, Politics, Finance, Woodworking, [email protected] 319 East Birch Ave 10 months Robert W. Baird CERTIFIED FINANCIAL None N/A n/a n/a n/a n/a 41035 Cover Letter Facebook August University History 05/06/2012 can. I also would welcome the opportunity to become more engaged with the leadership in Whitefish Bay. a dedicated and very focused professional who will take the position seriously. Engagement in the community PLANNER Big Brothers/Big Sisters (1990s) I would like to utilize my financial analytical experience and general business background to give back to the community where my family and I have lived for the Shorewood Girls Softball - Coach Vice President of Marquette 09/01/1992 to 09/01/1984 to past 20 years. Although my experience has not been in the public sector, I think the disciplines that I have developed throughout my career have prepared me for Rich Malin [email protected] 943 E Circle Dr 20 years Carma Laboratories, Inc. (2018-2000) Business MBA/Dec. 1996 UW - La Crosse Accounting BS Running, biking, woodworking Cover Letter Village website Finance University 12/10/1996 05/15/1988 this role. I have reviewed many projects within a team environment, reviewing and preparing cost benefit analyses to create the best outcomes considering various St. Monica Ski Club coordinator benefits, not just financial. I feel that I can bring a lot of experience to this role, and I am excited to give back to my community. (2021) I am interested in serving on the Village Board of Trustees because I want to use my talents to give back to a welcoming community that I have been fortunate to call home for the past five years. I am also inspired, on behalf of my young daughter and my second child (due in September) to do my part to ensure that Whitefish Bay remains a great place for children to live, grow, and learn. My skills in accounting, financial management, budgeting, and analysis would make me a valuable addition to the board and I will approach the job with energy, compassion, and a critical eye for improving our community. Below are some specific objectives and areas of focus that I pursue on the Village Board.
a) Business development: We are a great, walkable, tight-knit community with so much to offer to potential businesses, yet it seems that we struggle to attract and sustain business development in the way that some neighboring communities too. As a board member, I would leverage my business acumen and financial knowledge to improve how the Village attracts and retains businesses. As a younger resident in the Village, who has been here for several years but is still b) Housing affordability: Whitefish Bay is a wonderful place to live and raise a family; however, it seems that cost of living here continues to increase. While this is developing roots in this community, I believe that I would bring fresh perspectives to helpful to existing homeowners and highlights the value the Village offers to its residents, the increasing cost of entry makes me concerned about our ability to the board. Furthermore, as a newer parent who has navigated the challenges of Bachelor's of Master's of attract new residents in the medium and long term. As a board member, I would explore ways to incentivize maintaining the affordability of some small portion balancing work and childcare during the COVID pandemic, I feel that I have firsthand Business Master's of Piano (26 years of recreational experience); Samuel Account Financial Whitefish Bay Library Foundation Treasurer, Board University of 08/01/2009 to Marquette 06/01/2018 to Business of our housing stock to attract first-time or younger buyers. knowledge of the issues facing families as we move out of the pandemic and into some [email protected] 4828 N Idlewild Ave 5 years Clarios LLC Whitefish Bay Board of Review Board Member 2017 to Present 2019 to Present Accountancy Administration, Business Running/Cycling; Investing; I am a licensed Cover Letter and Resume Village newsletter Dettmann Manager Board Member Notre Dame 06/01/2013 University 12/01/2020 Administration/De sense of normalcy. As a board member, I would leverage this knowledge to serve the Accountancy/May Administration Certified Public Accountant (CPA) in Wisconsin cember 2020 c) Energy and infrastructure: I am deeply interested in the positive impact, both environmentally and financially, that investments in renewable energy can deliver citizens of Whitefish Bay with empathy and pragmatism. 2013 for a community. As a board member, I will seek opportunities to implement renewable energy wherever possible and to incentivize residents to use energy efficiently and cost-effectively. A cover letter and resume will be provided separately to highlight my professional experiences, service work, and additional qualifications. In Whitefish Bay, we are fortunate to enjoy a beautiful environment with excellent access to Lake Michigan. We have a responsibility to protect this invaluable resource for our community and for future generations. As a board member I will work to ensure that our shoreline is protected for the enjoyment and safety of our residents.
Finally, I believe that we have a responsibility to ensure that water and physical infrastructure is up-to-date and able to withstand the impact of a changing climate. As a board member, I will seek to modernize infrastructure when possible and to ensure that our water, sewer, and road systems are well-suited to a changing economy and changing climate.
Di it d i l i I h l f d Whit fi h B t b l i d i l i it h I b li th i l t it f Wisconsin LGBT Chamber of Commerce Milwaukee County Election Commission Milwaukee Public Policy Forum Village of Whitefish Bay - Milwaukee Rotary Club Washington My family loves living in Whitefish Bay. I have volunteered for the past several years with Whitefish Bay Little League and enjoy giving back to my community. I timothy.posnanski@huschblac Board of Appeals Marquette English and 08/25/1998 to 08/25/2002 to Tim Posnanski 6301 N. Lake Drive 6 years Husch Blackwell LLP Partner Chair 8/2014 - Present Milwaukee Hope House Various Various B.A. / 2002 University School Law J.D. / 2005 would hope to serve on the Village Board to continue making Whitefish Bay such a great place to live and to raise a family. I would not join the Board with any set Youth Sports Cover Letter and Resume Village Announcement kwell.com Milwaukee County Election University Philosophy 05/25/2002 05/25/2005 Milwaukee Tennis and Education of Law agenda in mind. Rather, I look at this opportunity as a chance to devote my time, energies and talents for the betterment of the entire community. Commission Foundation Whitefish Bay Jr. Blue Dukes Baseball Club Whitefish Bay Little League Bavarian Soccer Club Anna Kasper page 1/1
Dear Assistant Village Manager Blakeslee and Board of Trustees,
The Village Board of Trustees has done such a wonderful job keeping our community running smoothly. I moved to Whitefish Bay in late 2012 and fell in love with my block and the traditions they keep alive. I believe Whitefish Bay’s strong sense of community is a major reason why people find it so appealing to move here. My block is very close, in fact we have a two-day block party that was established over 40 years ago. My husband and I have had the joy of hosting it two different years. We do not have children yet, however, we are on a waiting list to adopt. I know they’ll have a great education in the Whitefish Bay School District. For nine years I owned and ran a decorative pillow business. My products were sold with major online retailers and were also mentioned in Martha Stewart Weddings Magazine and HGTV Magazine. A few months before the pandemic hit, I decided it was time to change direction. I’m currently in the process of starting my new interior design business. I’m a creative, yet highly detailed and organized person. I would love to bring my skillset to this seat. Although I don’t have the usual experience in finance or law, I have a love of learning and a love of community. I have excellent communication and leadership skills yet can work as a teammate to continue the great work the board has already started. I don’t see myself coming in with my own agenda, but rather seamlessly continuing the work in progress. I’m eager to get more involved in the “behind the scenes” aspects of the community and policy making. I enjoyed my student government time in college, especially when I felt I was making an impact, but also when it was everyday items. You can know I’m applying because I love this community and want the best for it. Anoop Prakash page 1/4
Board of Trustees
Village of Whitefish Bay
5300 N Marlborough Dr
Whitefish Bay, WI 53217
June 23, 2021
Dear Village Board of Trustees,
I am writing to express my interest in serving as a member of the Whitefish Bay Village Board.
My family and I moved to Wisconsin four years ago and feel very fortunate to have found our way to Whitefish Bay, and now as a grateful resident, I would like to offer my time and energy to help our Village build upon its many strengths and continue to be a leading community in our state.
I respect the challenging work of this Board to preserve and protect that which makes our community safe and well-managed, while also making progress and decisions that will impact the community’s future. I am particularly interested in leveraging my experiences to creating conditions for dynamic economic development on Silver Spring Drive and around Whitefish Bay, fortifying our reputation as a leading community and school district, and finding positive ways to move forward on issues of equity and inclusion.
My career has been a blend of private sector and public sector roles, and through these experiences I have gained experience in leading organizations charged with tackling complex issues with a broad set of stakeholders. I have also learned the inherent value of transparent and collaborative problem-solving, that is grounded in facts and data, and has the benefit of input from a diverse range of perspectives.
My perspective has been shaped by my public service, staring with four years as an officer in the US Marine Corps, and later as an appointee in the President George W. Bush Administration, where I served in leadership roles at the Small Business Administration and at Housing and Urban Development. While in both agencies, I engaged directly in local community economic growth initiatives. And in the private sector, while in several corporate leadership roles, I have developed a deep understanding of long-term fiscal planning and sound operations management.
Most recently, our family has directed our time and energy toward volunteer service in Whitefish Bay. My wife Gita, a physician and public health consultant, has worked extensively over the past year with the Whitefish Bay School District to assist in navigating the pandemic, and I have served on the Whitefish Bay Memorial Day Committee, culminating in the successful community-wide event in May 2021. It’s in this spirit that I wish to pursue this role and continue to serve the community.
I look forward to meeting the Board on July 12 and thank you for your consideration and service to Whitefish Bay.
Respectfully,
Anoop Prakash Anoop Prakash page 2/4
ANOOP PRAKASH 1101 E Lexington Blvd, Whitefish Bay, WI 53217 +1-202-251-0250 / [email protected]
experience
2019-present REV GROUP INC.
President, Ambulance Division (Milwaukee, WI). Lead major division of publicly-traded $2.5Bn specialty- vehicle manufacturer, headquartered in Milwaukee. The company’s Ambulance Division designs, manufacturers and brings to market nine leading ambulance brands, across four manufacturing sites, with $450M revenues and 1500+ team members. Charged with re-aligning and turning around a business that has been losing market share and stagnating in its commercial growth and product development efforts.
2019-2019 EGON ZEHNDER INTERNATIONAL
Consultant / Pre-partner (Chicago, IL). Joined leading global leadership advisory and executive search firm to join growing automotive & mobility and consumer practice groups. Worked on five executive searches and management team assessments for global clients in the automotive, non-profit and technology sectors.
2009-2019 HARLEY-DAVIDSON MOTOR COMPANY
2018-2019 Director, US Retail Development (Milwaukee, WI). Led organization of 50+ people, driving motorcycle and related products sales through a network of 700 independent retailers (dealers), for the $4B+ US business. Responsible for Sales Operations and Planning inclusive of Product Allocation, Dealer Development, Dealer Performance Incentive Programs, and Dealer Policies and Compliance. • Led review and reset of Dealer Ownership Policy to allow private equity investment and more flexible ownership structure, creating conditions for new buy/sell activity and long-term revitalization of the network • Led development of new allocation process to remove previous minimum inventory rules, to ensure product was being distributed to selling dealers in a timely manner, reducing waste and potential lost sales. • Anticipated the need to build out a new team and led company’s US Electric Vehicle go-to-market efforts, including phased allocation plan and charging network relationships, driving to first delivery in Aug 2019
2016 – 2017 Director, US Marketing & Market Development (Milwaukee, WI). Led integrated marketing and market development organization for $4B+ US business, driving our go-to-market strategy for motorcycles, parts and accessories, and apparel products, deploying marketing budget of $115M. • Responsibilities include leading a transformation of our US eCommerce business, achieving 22% growth. • Developed ground-breaking $100M+ partnership with EagleRider Inc. in the rentals, travel and tours market, and jersey sponsorship with the NBA’s Milwaukee Bucks • Additionally, responsible for paid and earned media, partnerships, social media, public relations, Harley Owners Group (HOG), Riding Academy, direct marketing, sports marketing, racing and events. • Member of the US Leadership Team and Global Marketing Leadership Team.
2015 – 2016 Managing Director, Harley-Davidson Canada (Toronto). Led asset purchase of company’s largest global distributor and established new subsidiary organization and operation in company’s third largest market. • As Managing Director, managed $300M P&L business across motorcycles, parts and accessories, and distribution network of 68 dealers nationwide. • In first full-year of operation, significantly outpaced industry growth, achieving both volume and market share gains for the first time in three years, with 5.5% sales growth. • Successful in shifting the brand positioning through activations focused on urban and millennial customers, and developing a multi-year strategy to shift our dealer network in Toronto, Montreal and Vancouver to reflect current and changing demographics.
2009 – 2015 Managing Director, Harley-Davidson India (New Delhi). Led company's market entry into India, creating the heavyweight and recreational motorcycle category. • Built new subsidiary organization from the ground up, with sales, marketing, distribution, sourcing and manufacturing operations, with 160+ employees. Rapidly grew the business from zero to $50M in 5 years, and established a dominant market share leadership position, establishing the category. • Actively prospected, sourced and appointed independent dealer/investment partners in over 20 cities to establish a national retail presence. • Oversaw development and start-up of the company's first assembly plant operation in Asia, and expansion to manufacturing two models, including establishing export operations. • Strategy and growth story featured in Harvard Business School Case Study, “Harley-Davidson in India” ! of !25 Anoop Prakash page 3/4
2008-2009 UNITED STATES DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD) Deputy Chief of Staff and Senior Advisor to the Secretary (Washington DC). Recruited by Secretary of cabinet agency to serve in chief operating role helping oversee the Department’s $40 billion budget and 9,300 employees. • In close coordination with The White House, Department of Treasury and Office of Management and Budget, led implementation of several major operational and policy provisions of the Housing and Economic Recovery Act of 2008, specifically related to financing and issuing contracts for IT system updates and capacity expansion to enable $300B mortgage insurance program, and rollout of $4B grant program to 300 state and city governments to stabilize communities hit by foreclosures and delinquencies. • Directed with Congress and Federal partners to close $75M of financing gaps for four New Orleans Public Housing developments (~$700M in total financing), working across developer and investor teams, and state/ city government agencies to secure and close projects on schedule in difficult market conditions, meeting the US Government’s commitment to break ground and rebuild improved public housing after Hurricane Katrina.
2007-2008 UNITED STATES SMALL BUSINESS ADMINISTRATION (SBA) Associate Administrator, Office of Entrepreneurial Development (Washington DC). Accepted Presidential Appointment to Senior Executive Service position charged with increasing quality, service delivery and oversight of national network of 1200+ small business counseling & training centers. Responsibilities include managing division of 42 professionals, with 7 direct reports; administering over $150M in grants and operating budgets (represents 20% of SBA budget); developing public-private partnerships and representing agency frequently at events and Congressional hearings. Actively engaged in cross-border promotion of Entrepreneurship, including multiple Department of Commerce ITA symposia across China and bilateral MOUs on small business cooperation and engagement w/ State Department.
2005-2007 LEXIS NEXIS GROUP (a division of Reed Elsevier) Vice President, Strategy & Business Development (Washington DC). Led strategy and business development team for Government vertical of $400M Risk & Information Analytics Group reporting to the CEO. Direct responsibility for strategic planning, marketing, alliances and acquisitions. Obtained Top Secret/ SCI security clearance. • Member of LexisNexis deal team conducting diligence and building business case for $4.1B acquisition of ChoicePoint (executed in March 2008) • Established three-year business development plan for strategic alliances and go-to-market process. Completed execution on two major strategic alliances in first year (one systems integrator, and one technology company), expanding LexisNexis presence in market.
2003-2005 SIEBEL SYSTEMS, INC. (acquired by Oracle Corporation in 2005) Held two leadership roles in Government business of fifth largest software applications company in the world, with 5500 employees and 2005 revenues of $1.5 billion, working with Federal, State & Local clients. Director, Business Development (Reston, VA). Led development and capture strategy for $20M+ in 2005/2006 license revenue across three strategic business opportunities with cross-functional team, including reshaping product development in anticipation of changing customer needs in case management area (wins were at Dept of Justice, FBI & Dept of Homeland Security). Director, Alliances (Reston, VA). Led development of $65M in qualified license revenue pipeline over three quarters, by positioning the value and competitive differentiation of our solutions to prime contractors bidding for major government contracts (of which ~ 30% closed as revenue). Awarded consecutive CEO’s Circle Awards (top 10% across company every six months)
2000-2002 MCKINSEY & COMPANY Senior Associate/Consultant (New York, NY/Boston, MA). in global management consulting firm of 5000+ employees, advising senior executive teams on strategy and operations. Client experiences include Consumer Products Supply Chain (6 months); Consumer Electronics Retail Turnaround (5 months); Venture Capital Firm Portfolio Strategy (3 months); and Media & Entertainment Digital Channel Start-up (3 months).
! of !35 Anoop Prakash page 4/4
1995-1999 CAPTAIN, UNITED STATES MARINE CORPS
1998-1999 HEADQUARTERS, MARINE AIRCRAFT GROUP 29 (MAG-29) Senior Intelligence officer (New River, NC). Department Head in organization of 2500 Marines. Held Top Secret/SCI clearance. Supervised, evaluated and trained two Lieutenants and 15 enlisted Marines; managing $1M+ in assets/systems, and supporting nine squadrons. • Decorations include Navy-Marine Corps Commendation Medal and Armed Forces Expeditionary Medal
1995-1998 24TH MARINE EXPEDITIONARY UNIT (24 MEU) Intelligence Officer (Mediterranean Sea / Persian Gulf Region). Lead intelligence officer for Air Combat Element consisting of squadron of 22 aircraft and 350 personnel, part of 2200-Marine Expeditionary Unit. • Delivered 40+ critical briefings to Command Staff while conducting missions in support of Operation Desert Thunder in Persian Gulf region, collaborating with higher intelligence authorities both at sea and ashore • Ranked first out of five peer officers (of same rank) in four consecutive semi-annual performance reviews.
education
1999 - 2001 HARVARD BUSINESS SCHOOL Master’s in Business Administration Degree (Boston, MA). • Elected President of Section, and elected Co-President of 500+ student Entrepreneurship Club • Completed second-year international field studies in public health (Boston/Malawi - sponsored by Dr. Jim Yong-Kim, Partners in Health) and venture capital (India - sponsored by Westbridge/Sequoia Venture Capital)
1991 - 1995 STANFORD UNIVERSITY STANFORD, CA Bachelor of Arts degrees in Economics and Public Policy (Palo Alto, CA). Awarded four-year Navy ROTC Scholarship. Public Policy concentration in International Policy. • Elected Senator, ASSU (Stanford Student Senate); Co-President of Sanskriti (South Asian Student Assoc).
personal • Enjoy motorcycle travel, fitness, and theater; avid reader on global politics, history and leadership; Conversant in Hindi. • Active in volunteer service and non-profit board leadership. Currently serving as Vice President of the board of the Hunger Task Force (Milwaukee) and recently served as Treasurer and Member of the national board of the Motorcycle Safety Foundation (Los Angeles) through early 2019. Previously served as mentor or board member on several non-profit/industry organizations in the US, Canada, and India, including board member of Canadian-American Business Council (CABC) and United Way of Delhi. • Extensive public speaking, media and government relations experience across variety of topics and issues including economic development, international business, and entrepreneurship. • Married with two children.
! of !45 Ari Kasper page 1/4
Ari Kasper 5775 N. Shoreland Ave. Whitefish Bay, WI (847) 204-9639 [email protected]
June 25, 2021
Dear Village Trustees,
I am excited to be considered for the opportunity to be a join the Village Board as a Village Trustee. With my wife, dog, and cat, I have lived in Whitefish Bay for two years, and have been looking for an opportunity to become more involved in the community. I currently work for a cloud-based global real estate brokerage, managing their global litigation caseload. I have been working remotely/at home since mid-2018, and being able to not just live, but work in the Village has only furthered my desire to give back to the community. I have experience working in multiple different government offices, a background in economics and political science, and a strong interest in, and respect for, public policy and community volunteering. I am certain that the skills and experiences I have gained will allow me to work effectively and efficiently for the people of Whitefish Bay.
In my current role as Association General Counsel for Litigation, I head a continuously growing team of attorneys and paralegals to manage the company’s litigation globally. My responsibilities include, but are not limited to, providing analysis and advice to business partners on resolving legal and public relations issues in real time, negotiating with opposing attorneys, preparing employees, to testify at administrative hearings, depositions, and trials, directing litigation strategy, preparing materials and conducting trainings for staff and employees to promote legal compliance and reduce possible exposure, contract and lease review and drafting, and working to resolve sensitive employment issues. I have also worked on Securities and Exchange issues, corporate entity filings, and corporate governance documents, and maintain my litigation skills through personally representing the company and its agents in litigation where I hold the necessary licensure.
Prior to moving to my current position, I worked for Husch Blackwell LLP (formerly Whyte Hirschboeck Dudek, S.C.). While in private practice, I practiced in numerous counties across Wisconsin, Illinois, Minnesota, North Dakota, the District of Columbia, four federal district courts (including the Eastern and Western District of Wisconsin), and one federal appellate circuit, and have worked on commercial litigation involving consumer protection violations, administrative/regulatory compliance, residential and commercial construction, municipal liability, civil rights, alleged securities fraud, personal injury, contractual liability, misrepresentation, quieting title, condominium associations and homeowners’ associations, foreclosure actions, and general business and commercial litigation. While working in private practice, I assisted clients in their responses to emergency disputes that arose and determined the best communication response to both protect their public image and ensure they did not forego any legal options. I particularly enjoyed the work I was able to do defending municipalities in civil lawsuits brought by its citizens or businesses alleging the unconstitutionality of their statutes, representing condominium associations and homeowners associations when petitioning their local municipalities concerning local ordinance decisions, and co-chairing the firm’s pro bono Guardianship Clinic, working to help parents obtain guardianship over their developmentally disabled children as they reached the age of majority.
1 Ari Kasper page 2/4
Prior to moving to Whitefish Bay, I served on the Board of Review for Shorewood. I also have experience working for the U.S. Attorney’s Office, the Department of the Treasury, and the Office of the Majority Leader of the U.S. House of Representatives. I know that I have the temperament, communication skills, and passion to add value to the Village Board and the citizens of Whitefish Bay.
Very truly yours, Ari B. Kasper
2 Ari Kasper page 3/4
Ari B. Kasper 5775 N. Shoreland Ave., Whitefish Bay, WI 53217 (847) 204-9639 [email protected]
EMPLOYMENT HISTORY eXp Realty, LLC Whitefish Bay, WI (remotely) Associate General Counsel, Litigation July 2018 – Present • Head of the Litigation Team directing overall team strategy and company policy concerning resolution of legal disputes globally, presently including the United States, Canada, the United Kingdom, Australia, South Africa, and ten other countries. • Counsel and advise business partners on resolving disputes in an adversarial pre-litigation position. • Evaluate potential exposure and respond to demand letters in furtherance of achieving cost-effective resolution of legal disputes. • Respond to administrative complaints filed with state or federal agencies alleging wrongdoing by the company or its real estate agents, requiring knowledge of administrative law and regulatory law. • Correspond with insurance carriers to appeal for a finding of coverage on relevant matters. • Locate, evaluate, and manage local counsel as needed; actively review draft discovery requests and responses, complaints and answers, and motion papers. • Determine settlement posture and coordinate with local counsel to facilitate possible resolution of cases in relation to the same; attend mediation as representative of company. • Prepare employees and agents for depositions and other legal proceedings. • Draft policies and procedures for the Litigation Team and legal department; draft risk management policies for business partner departments. • Utilize analytical ability to advise and counsel executive team on the status of legal matters and the risks and benefits of possible courses of action. • Work with business partners to create the best defensible position possible or otherwise resolve disputes evolving in real time. • Review contracts and leases and advise business partners as to suggested revisions and the risks involved in agreeing to terms should they remain unmodified. • Lead the COVID-19 response team monitoring and evaluating related restrictions as they are issued, revised, revoked, and judicially modified or overruled in all fifty States, the District of Columbia, nine Canadian Provinces, five Australian States, and all four United Kingdom Constituent Countries, and advising business partners on the same. • Craft statements to be issued by company related to significant litigation or other public relations issues using written communication skills. • Manage and utilize software and other legal platforms to further the Litigation Team’s purposes. • Implemented system to track legal metrics and identify costs associated with different types of legal disputes and various subject matters. • Act as local counsel and represent company and its agents in geographically-close disputes. • Prepare education and training materials and train employees and agents on the same.
Husch Blackwell LLP (formerly Whyte Hirschboeck Dudek, S.C.) Milwaukee, WI Associate Attorney September 2014 – July 2018 • Litigation Attorney with a focus on business and commercial litigation, construction services, condominium & HOA Law, and municipal and civil rights law. • First-chaired multiple civil trials achieving verdicts for my clients. • Argued over one hundred and fifty motions, and tried a dozen small claims trials in Wisconsin, Minnesota, and Illinois State Courts, as well as the Eastern District of Wisconsin Federal Court.
1 Ari Kasper page 4/4
• Drafted litigation documents and pleadings including, but not limited to: summons, complaints, answers, motions for summary judgment, motions to dismiss, motions for default, motions to compel, preliminary injunctions, third-party complaints, third-party answers, discovery requests, discovery responses, mediation statements, motions for confirmation of sale, motions to stay and compel arbitration, motions in limine, jury instructions, special verdict forms, demand letters, litigation hold letters, and settlement documents in state and federal courts; drafted briefs, affidavits, and declarations in support of the same. • Served as the primary point of contact with clients from the pre-litigation stage through mediation, trial, and post-judgment proceedings. Clients included but were not limited to: owners, general contractors, subcontractors, and purchasers in the construction industry, condominium and homeowners associations, and various other commercial entities and individual persons. • Took and defended over a dozen depositions, including expert and corporate designee depositions, and prepared clients and third-parties for depositions. • Conducted extensive legal research on a variety of issues both procedural and substantive in nature, for use in motions and legal memoranda. • Co-chaired firm’s pro-bono guardianship clinic and pursued multiple pro-bono guardianship cases through completion. • Summer associate from May through July of 2013.
United States Attorney’s Office for the Western District of Wisconsin Madison, WI Law Clerk June 2012 – August 2012 • Researched and analyzed legal issues, including evidence admissibility and statute interpretation. • Drafted memoranda and assisted in document reviews.
LICENSURES, COURT ADMISSIONS, AND MEMBERSHIPS State Bar Admissions Federal Court Admissions Other • District of Columbia • Seventh Circuit Court of Appeals • Wisconsin Humane Society • Illinois • Eastern District of Wisconsin Advisory Board Secretary • Minnesota • Western District of Wisconsin and Walk Committee Co-Chair • North Dakota • District of Minnesota • Mensa Member • Wisconsin • Northern District of Illinois (General Bar)
EDUCATION Northwestern University School of Law Chicago, IL Juris Doctor May 2014 • GPA 3.61; Dean’s List (Fall 2012, Spring 2013, Fall 2013) • ABA Trial Team National Semi-Finalist (2013), Regional Champion (2012) • Completed First-Year Juris Doctor Curriculum at The University of Wisconsin Law School, Madison, WI • Wisconsin Law School Law-in-Action Merit Scholar, Dean’s List (Fall 2011, Spring 2012) The George Washington University Washington, DC Bachelor of Science in Economics and Political Science May 2011 • Graduated Cum Laude, Dean’s List, Presidential Scholar; Completed degrees in three years • The George Washington University Mock Trial Team: Treasurer, Captain, Member • Treasurer of: Golden Key International Honour Society Chapter at GWU, Joint Elections Committee, and GW Discourse 2 Brian Massaro page 1/2
Brian Paul Massaro 100 E Chateau Pl Whitefish Bay, WI 53217 C: +1.414.429.2251 [email protected]
July 1, 2021
To Whom It May Concern:
I am writing in reference to the Village of Whitefish Bay Trustee Vacancy. I am excited to be applying to this position with the Village and with the possibility of serving Whitefish Bay in an official capacity. I have called Whitefish Bay home for just over a year now, and I could not be happier with my decision to move here. I am looking forward to many more joyful years of residency. I have always been passionate about public policy, having decided I would like to pursue a career in the public sector when I was a high school representative at Badger Boys State. For this reason, the prospect of working on policy with the Village Board is particularly appealing to me. Although I am young, I believe that my career and educational experience would make me an invaluable asset to the Village.
In my current role at U.S. Bank Global Fund Services, I am a part of a small team responsible for refining existing data sources into a platform that will help the business improve the efficiency and speed of reporting. I am also responsible for automating processes that historically have been performed manually and, notably, was the creator of the first such process to be deployed at the department level. I have demonstrated a keen ability for generalizing specific ideas and tasks, which I believe would be an asset in the policymaking wing of the public sector.
I am also a recent graduate of Marquette University’s Master of Science in Applied Economics program, where I acquired an expertise in statistical and econometric models. I believe that my education has enabled me to not only analyze data, but also to work with data to make it fit for analysis. Notably, I completed several graduate courses (one of which was an independent study) pertaining to public policy in which I conducted research on public schooling policies. I would be delighted to share this work upon request. My knowledge of statistics and econometrics encompasses topics from program evaluation to hypothesis testing to forecasting, each of which I believe would be an asset to the Village of Whitefish Bay as it seeks to make highly informed policy decisions.
Thank you for your time and consideration. I welcome the opportunity to speak further about how my skills and enthusiasm may be of value to the Village of Whitefish Bay. I look forward to speaking with the Board at the Open Session on Monday, July 12.
Sincerely,
Brian Massaro Brian Massaro page 2/2
Brian Paul Massaro Address: Contact: 100 E Chateau Pl C: +1.414.429.2251 Whitefish Bay, WI 53217 [email protected] Education Marquette University, Milwaukee, WI December 2020 Master of Science in Applied Economics Professional Project: “Crises, Currencies, and the Forward Premium Anomaly”
Marquette University, Milwaukee, WI May 2020 Bachelor of Science 3.770 GPA Majors: Applied Mathematical Economics | Spanish Language, Literature, and Culture Dean’s List, Magna Cum Laude Experience U.S. Bank Global Fund Services, Milwaukee, WI June 2020 – Present Mutual Funds Administrator, Fund Administration and Compliance • Develops and implements automation solutions for data analysis and business intelligence functions. • Reviews and prepares regulatory filings for multiple mutual funds. • Produces financial statements for private and alternative funds.
U.S. Bank Global Fund Services, Milwaukee, WI June 2019 – June 2020 Intern, Fund Administration and Compliance • Produced daily, monthly, and quarterly compliance reports for multiple mutual funds. • Executed payments and recorded journal entries necessary for expense processing. • Developed analytic models to project future fund expenses from historical data. Leadership and Activities Marquette Sports Analytics Program, Marquette University, Milwaukee, WI Fall 2017 – May 2020 Founder and President • Created innovative solutions to complex problems concerning data and human behavior for Marquette Women’s Basketball. • Conceived of, instituted, and presided over a team that built models and programs that helped make Marquette Athletics the most prepared program in the nation and demonstrated how predictive analytics can be applied to various aspects of sports. • Advocated to Marquette Athletics Department on behalf of club members in order to earn affiliation with NCAA sports programs. William Lowell Putnam Mathematical Competition, Marquette University, Milwaukee, WI Fall 2018 – Fall 2019 Contestant • Engaged with complex mathematical problems using analytic and investigative techniques.
Sigma Delta Pi, Marquette University, Milwaukee, WI Fall 2018 – Spring 2020 Member • Admitted to the Gamma Gamma Chapter of the National Collegiate Hispanic Honor Society. Interests, Skills, and Honors • Technical – Expertise in Microsoft Excel | Proficient in Microsoft Office Suite | Java Programming | R Programming | Python Programming | SQL Programming | Tableau | Alteryx | EViews | Stata | Oracle Crystal Ball | Mac and PC Platforms | Linear Programming | Data Analytics • Language – Skilled public speaker/performer | Proficient in Spanish language | Excellent interpersonal communication skills in person, in writing, and in using technology • Interests – Singing, winner of Outstanding Supporting Actor Tommy Award for statewide musical theatre | Reading | Hiking | Traveling | Golfing | Fishing | Robotics, founding member of FIRST World Championship Invitee Team 5976, winner of Wisconsin Regional All-Star Rookie award | Cryptocurrency and Blockchain Applications | Badger Boys State Chris Byrnes page 1/1
Chris Byrnes
6/30/2021
Tim Blakeslee Assistant Village Manager [email protected]
Dear Tim Regarding the vacancy created by the recent appointment of Kevin Buckley to the office of Village President, I am writing to show interest in and apply for the open trustee position.
5573 N Sant Monica Blvd While I am not a lifelong WI or even WFB resident, my family and I call Whitefish Bay WI our village home. We originally moved here in 2012 for a job and had to relocate to Atlanta in 2015. After two years in Atlanta, we decided 571.233.5265 that WFB was calling us, and we elected to self-relocate back to WFB. My wife and I have lived all over the world, and to decide to call this place home (when we could have moved anywhere) means something [email protected] special. Life experiences that my wife and I both hold give me a unique and diverse perspective of how special WFB is:
• Grew up my entire life as a military brat (moved every 2-3 years) • Lived globally, was immersed in German school at young age • Spent many years in grade and high school in Hong Kong • Traveled the world extensively both personally and now for business. • Proven leadership in business (Aftermarket Services Manager for Fortune 100 Company)
These traits suit me well and my aim is to be a champion for a strong community and advocate for all.
Sincerely, Chris Colin Daly page 1/2
Dear Mr. Boening,
I am writing to express my interest in serving the Village of Whitefish Bay as a member of the Village Board. I believe through my experience and education I have gained the appropriate combination of skills and perspective to prepare me to undertake the responsibilities of this important role within our community. I care about this village and show it by patronizing many local businesses and participating in community events, and I am looking for a way to give back.
I have been a state employee at UW-Milwaukee for the last 10 years. I have been fortunate enough to hold several positions throughout my time, with increased responsibility for each position. I currently serve as the Director of Welcome Programs, and I am responsible for the on-campus experience for all students and their families which includes campus tours, events, and Orientation.
While at UWM, I have held several elected or appointed positions responsible for the governance process for about 1900 academic staff members. One of those positions is the Academic Staff Committee, which is elected to represent all academic staff members to the Chancellor and Provost, among many other constituency groups. We are responsible for ensuring all academic staff policies are being implemented and followed correctly. I was also appointed by the Chancellor to serve on the Policy Advisory Committee which reviews edits and changes to existing policies. One of the most recent projects this committee worked on is using more inclusive language in our policies. Finally, I was also elected to the Codification Committee which consistently reviews policies for proper wording and making them easier to use by the academic staff.
As a state employee, I have a good grasp on how to participate in effective and compliant meetings. I am familiar with open records laws and have had to abide by those for any university-related meetings. I also have incredible respect for the government as evidenced by serving as an election official for the City of Milwaukee since 2018 and Chief Inspector since 2020.
In my current job, I am responsible for overseeing the budget for our department events, staffing, and purchases which is over $1.2 million. I understand the need to be fiscally responsible and most recently was able to cut back on my unit spending due to the COVID-19 crisis. Budget decisions are incredibly difficult, but with the right data and focusing on the bigger picture, they are more manageable.
With the responsibility of ensuring everyone who comes to campus has a positive experience, I am consistently in the mindset of safety and inclusion. The well-being of our guests is at the top of my list when planning programs or making decisions. I ensure my staff is using inclusive language and are educated about how to work with people from all walks of life. It is through this role modeling that we can make our community stronger and a more welcoming place for all.
As a Board member I would work to ensure careful stewardship of village resources. I would operate with the following standards: assessing needs, seeking buy-in and compromise, reliable participation during meetings, and help us adjust course as obstacles arise. To be successful, I believe we must be transparent in decision-making when serving residents.
I am looking forward to the opportunity to speak with you about how I may serve the residents of this outstanding village. Thank you for your consideration.
Sincerely,
Colin P. Daly Colin Daly page 2/2 Colin P. Daly 4975 N Diversey Blvd., Whitefish Bay, WI 53217 Cell: 847.338.8506 [email protected]
Education professional with 14 years of experience in program management, supervision, and training. EDUCATION o M.Ed. College Student Affairs Leadership; Grand Valley State University, Allendale, MI: 2007 o B.A. Organizational Communications & Spanish; North Central College, Naperville, IL: 2005 WORK EXPERIENCE Director of Welcome Programs University of Wisconsin-Milwaukee April 2020 – Current o Recruit, hire, train, and supervise 8 FTEs, 2 PTEs, and 70 students (100% retention YTD). o Oversee all in-person and virtual Orientation/Transition programs for 4,800 students at 3 campuses and in-person and virtual campus visit events for 1200 visitors and tours for 11,000 visitors annually. o Assess programs against industry standards and compliance; program satisfaction of 90% or better. o Accountable for $1.2 Million budget for orientation and visit programs. o Lead strategic planning for department, collaborating with stakeholders to develop new procedures. Director of New Student Programs University of Wisconsin-Milwaukee Oct. 2014 – April 2020 o Recruited, hired, trained, and supervised 2-3 FTEs, 2 PTEs, and 40 students (80% retention). o Oversaw all aspects of Orientation/Transition programs: 14 two-day sessions, 6 one-day sessions and online program for 3,200 first-year students, 1,000 transfer students and 2,000 guests. o Accountable for $900,000 budget for New Student Programs office. o Developed curriculum for and taught a 2-credit leadership course to new student leaders. Asst. Director, Prospective/New Student Prgms. University of Wisconsin-Milwaukee May 2014 – Oct. 2014 o Assisted with coordination of student recruitment events including a call campaign for 6,000 students. o Recruited, hired, trained, and supervised 2 full-time staff, 1 Intern, 40 tour guides and 40 students. o Developed professional staff training, expectations, and accountability measures for all events.
Assistant Director, First Year Student Success University of Wisconsin-Milwaukee Aug. 2011 – May 2014 o Assisted with first-year experience programs for 4,000 first-year students including peer mentoring, summer bridge, and New Student Orientation (transformed into overnight programs in 2013). o Recruited, hired, trained, supervised, and evaluated 3 graduate assistants and 75 student mentors. o Created marketing materials and maintained office operations, website and social media accounts.
Residence Hall Coordinator University of Missouri July 2007 – Aug. 2011 o Recruited, hired, trained, supervised, and evaluated 9-10 Community/Peer Advisors. o Adjudicated around 70 conduct hearings per semester and created educationally based sanctions. o Designed and implemented building assessments and reported findings on community issues. PROFESSIONAL INVOLVEMENT o NODA – Association for Orientation, Transition and Retention 2005 – 2006, 2011 - Current • Region 5 Coordinator (Elected Role) 2017 – 2020 • Wisconsin State Coordinator 2012 – 2017 • Region 5 Conference Co-Host 2015 • Presented at 7 national conferences, 4 regional conferences 2011 – 2015 o Campaign Manager, Peter Burgelis, 11th District Alderman 2019 – 2020 o Sigma Pi Fraternity, Member/Advisor/Province Archon (Current)
SELECT SERVICE & COMMITTEE WORK o Academic Staff Committee, Elected position 2019 - Current o University Codification Committee, Elected position 2013 – 2015, 2018 – 2019 o Staff Development Committee Chair for entire Student Affairs Division 2016 – 2019 o Alpha Lambda Delta (First Year Honor Society) Advisor 2013 – 2018 o University Nominations Committee, Elected position 2015 – 2017 Elaine Griffin page 1/4
Tim Blakeslee Assistant Village Manager Village of Whitefish Bay 5300 N. Marlborough Drive Whitefish Bay, WI 53217-5399
July 1, 2021
Re: Village Board Trustee Application
Dear Mr. Blakeslee,
I am writing to express my enthusiastic interest in serving on the Village Board of Trustees. I have board experience in the Village, as I was a member of the Whitefish Bay Library Board for nine years, serving as president for three of those years. I was inspired to apply for the Village Board Trustee seat after reading about the goals of the new president, Kevin Buckley. I am particularly interested in his desire to improve the parks and business district.
Shortly before the pandemic hit, I traveled to Finland with a group of educators from my school, University School of Milwaukee. We studied Finland’s commitment to outdoor education and the healthy influence of nature and play on growing children. At this time, University School is working on developing its outdoor spaces to promote our students’ connection to nature. I would be eager to be a part of a similar initiative in Whitefish Bay.
I am also eager to help reinvigorate our shopping district. Our coffee shops, restaurants, and retail stores are a cornerstone of our community. When I walk through town, I see our communal values come to life, as laughter frequently punctuates the sidewalk conversations of those enjoying a meal or walking with friends or pets.
New initiatives focused on public centers, like parks or retail establishments, require building consensus; that can be difficult with so many stakeholders to manage. As a middle school principal, I know firsthand how difficult it can be to balance the needs of multiple constituents. Parents, faculty, and students sometimes have competing priorities. I work hard to be intentional in promoting an environment where everyone feels welcome and heard. As a Village Board Trustee, I would do my best to foster a culture that promotes curiosity and openness as we explore various topics. I would approach the work with energy and excitement.
I’d love to share more with you about how I might further strengthen the work of the Board. Please phone or email me if you would like to discuss my application or qualifications.
Kind Regards,
Elaine Griffin [email protected] 414.530.5412 (cell) Elaine Griffin page 2/4
ELAINE GRIFFIN
CONTACT INFORMATION
Home Address and Phone: Work Address and Phone: 855 E. Glen Avenue University School of Milwaukee Whitefish Bay, WI 53217 2100 W. Fairy Chasm Road (414) 530-5412 Milwaukee, WI 53217 Email: [email protected] (414) 540-3210
WORK EXPERIENCE
University School of Milwaukee, Milwaukee, WI 8/98-present
Head of Middle School, July 2019-present
• Responsible for all personnel decisions, from recruiting to renewal • Evaluate faculty teaching and coordinate professional development • Plan and run all faculty meetings • Oversee divisional budget • Write monthly essays to promote parent education • Partner with Admissions to conduct Open Houses and podcasts • Meet with Parent Advisory Board for event planning • Designed pandemic-specific online schedule and remote teaching/learning plan
Assistant Head of Upper School, 2015-2019
• Designed curriculum supporting strategic innovations • Promoted culturally competent teaching and a global curriculum • Helped direct mapping and alignment of the K-12 curriculum • Built the yearly academic schedule • Conducted performance reviews of faculty • Assisted with faculty orientation and mentoring workshops • Taught AP English
English Department Chair, 2012-2015
• Conducted performance reviews of English Department faculty • Designed and developed new English electives and programs • Taught Latin American Literature, Modern World Literature, and AP English
Global Studies Director, 2010-2012 (Co-Director from 2008-2010)
• Established program requirements for transcript designation • Developed electives and globalized curriculum • Systematized trip procedures and facilitated student trips • Organized cultural dinners and speaker series
Full-time English Teacher, 1998-2012
EDUCATION University of Chicago, Chicago, IL Elaine Griffin page 3/4
M.A. in English Language and Literature, June 1996 Awarded Graduate Fellowship (full tuition, room and board) G.P.A.: 4.0
University of Michigan (Honors College), Ann Arbor, MI B.A. in English with Distinction, May 1992 Awarded Virginia Voss Memorial Scholarship (best senior thesis by a woman) G.P.A. in Major: 3.9 with High Honors
AWARDS AND HONORS
• Gilder Lehrman Institute of American History, Lincoln Seminar Participant, July 2016 (week-long grant to study Lincoln at Oxford University)
• Wright Distinguished Faculty Award for Outstanding Teaching, University School of Milwaukee, June 2014 and June 2015
• English Speaking Union Teaching Grant, July 2013 (two-week grant to study Modernist Literature at the University of Edinburgh)
• National Endowment for the Humanities, Chaucer Seminar Participant, July 2012 (four-week grant to study Chaucer at the University of London)
• Fulbright Scholarship, July 2011 (five-week travel grant to Mexico through the Fulbright-Hays Program)
PUBLICATIONS
• “How a Fourteenth-Century Text Teaches Twenty-First Century Skills: New Reasons for Teaching The Canterbury Tales in the Digital Age.” The Once and Future Classroom, Spring 2019
• “Traveling to China, Coming Home to Myself,” Chinese Language Matters, February, 2018
• “Try Being a Student: An English Teacher’s Journey into Spanish Class,” Education Next, Spring 2014
• “Worms for Dinner: Travel Offers Cultural Enrichment for Teachers,” Education Next, Fall 2012
• “Cultural Treasures are Found Beyond Mexico’s Beaches,” Milwaukee Journal Sentinel, February 26, 2012
PROFESSIONAL PRESENTATIONS
• “Time Past and Time Future: Chaucer’s Distant Mirror on the Present,” International Congress on Medieval Studies, Kalamazoo, MI, May 2018
• “An Innovation Transcript.” Keynote speaker, Online Education Strategies for Independent Schools (OESIS), Honolulu, HI, January 2018
• “Reclaiming Community in Independent Schools.” Independent School Data Exchange (INDEX), Chicago, IL, April 2016
• “Challenge 20/20: School Teams Solving Global Problems Together.” National Association of Independent Schools (NAIS), Seattle, WA, March 2012 Elaine Griffin page 4/4
• “Launching a Global Studies Program.” Wisconsin Association of Foreign Language Teachers Conference, Appleton (WAFLT), WI, November 2008
• “Culture Clash: Embracing Global Perspectives.” National Council of Teachers of English Convention (NCTE), San Antonio, TX, November 2008
BOARD SERVICE
• Member, Global Youth Leadership Institute, 2019-present
• Member, Bruce Guadalupe Community School, Education Committee, 2017-present
• President, Whitefish Bay Library Board, 2015-2018 (member 2009-2018)
PROFESSIONAL SERVICE
• Chair, Academic Council, 2015-Present
• Students of Concern Committee, 2015-Present
• Internship Committee, 2017-2019
• Chair, 9th Grade Committee (founder), 2016-2019
• Chair, Curriculum and Pedagogy Committee, 2015-2019
• Self-Study Reaccreditation Steering Committee, 2012, 2019
• Curriculum Coordination Committee, 2015-2019
• Innovation and Entrepreneurship Committee, 2015-2018
• Chair, Strategic Planning Committee: Attracting and Retaining Faculty, 2014-2018
• ISACS Visiting Team Member, 2012, 2015, 2016, 2018
• Grader, College Board A.P. English Literature Exam, Louisville, KY, 2009-2015
• Faculty Evaluation Development Committee, 2007-2009
• Chair, Committee on Teaching (founder), 2001-2009
Interests
Reading, theater, travel, cooking, and wellness Hank Schneider page 1/2 Hank Schneider page 2/2
Hank Schneider 4872 N. Larkin St. Whitefish Bay, WI 53217 (414) 517- 5141 [email protected]
WORK EXPERIENCE
DESIGNATIONS University of Wisconsin – Milwaukee — Instructor – Lubar School of Business MAI (Member, Appraisal 2021 – Present Institute) Received 2014 Taught “Valuation of Real Estate” with focus on commercial properties. Certified Internal Auditor, BMO Harris Bank, Milwaukee, WI — Vice President - Senior Review Institute of Internal Auditors, Appraiser Received 2001 2008 – 2021 Ordered and reviewed appraisals of commercial real estate. Advised lenders on real estate trends and appraisal issues.
Hakaduli Properties, Milwaukee, WI — Founder and Managing Partner PROFESSIONAL ACTIVITIES 2011 - PRESENT BOMA - Wisconsin (Building Owners and Managers Negotiated the purchase and financing of a real estate portfolio consisting of office and Association) industrial properties in southeastern Wisconsin with a total value of $13 million dollars. President - 2017 - 2019
Appraisal Resource Group, Milwaukee, WI — Real Estate Appraiser Instructor - BOMA - Real Estate 2003 - 2008 Investment and Finance - October, 2019 Appraised commercial real estate. Educational Session Speaker at National Convention - 2016 Chudnow Druck Valuation, Glendale, WI — Real Estate Appraiser 1996 - 2001 President - Midwest North Regional Chapter 2017 -2019 Appraised residential real estate.
Central Intelligence Agency, Washington, D.C. - Auditor 1986 - 1996 AWARDS Audited agency programs; held top secret clearance. Participated in operational training activities. BOMA - Wisconsin Building of the Year Award Winner - 2014 EDUCATION BOMA - Wisconsin Leadership Marquette University, Milwaukee, WI — B.A. Business Administration, Award - 2019 Finance Specialization 1986 ARTICLE AUTHORED Additional coursework in Accounting, Economics and Political Science. “Developing Capitalization Rates in Turbulent Market Conditions” James Woyak page 1/2
James Woyak
262.327.1891 ∙ Milwaukee, WI
July 1, 2021
Dear Mr. Boening, Mr. Buckley et al,
I am writing to express my interest in the Village Trustee position for Whitefish Bay. As you will find in my resume, I have paved a successful career while always maintaining positions in diversity, equity, and inclusion, taking on increasing responsibility in that space. I educate myself about inequities that exist in communities I am not a member of, to be constantly recognizing and working to improve the existence of blind spots. My wife is a High School Special Education Teacher in MPS. We are a family that truly embraces community servitude. Service, activism, and equitable community building are truly my passions, and I am very excited at the opportunity to continue that work as a Trustee.
Although relatively new to the Whitefish Bay community, my wife and I were very intentional about selecting it as the place we wanted to raise our family. We will preach to our children the importance of community service and I want to lead by example. We love it here and want it to be the place our children grow up. I have a genuine passion to help make it a wonderful place for everyone.
I have exceled in a variety of different roles, cultures and environments throughout my career and know I will continue to do so as a Trustee. I have several key skills that would enable my success as a Trustee, and I have used formal remarks made by my managers to highlight a couple of them: Collaborating with Others: I have always shown a natural aptitude to leverage other’s strengths to ensure the team performs to our highest ability. My previous manager spoke of this aptitude in a Diversity, Equity, and Inclusion award citation: “Jim has the ability to understand that bringing diverse individuals together allows for better and more collaboration in order to have a successful department.” My current supervisor said the following of my ability to collaborate “Jim’s team members look to him for assistance. He is approachable, which is a great characteristic of a future leader.” Analyzing and Conveying Information: Throughout my career my successes have come because of my ability to analyze data using several different platforms, systems and reports. Some of which I created myself after evaluating the needs of my team to identify a strategic opportunity. I have not only been able to gather and analyze this information but have also conveyed it effectively. My current supervisor said of my ability to convey information to my team: “Jim has the ability to communicate with people at all levels of the business… I appreciate the effort Jim puts into impactful communication.” Outstanding Performance: In my previous annual performance review my Executive Director gave me the distinction of Outstanding Performance which is extremely rare. The following is a part of the justification used for awarding that evaluation score: “Jim took on more than his role described and saw the challenges as opportunities to learn, grow and prove his abilities. His "Can Do" attitude, ability to be a self-starter and his willingness to take direction as he learned new skills was a key to our success”
If given the opportunity, I will surpass your expectations as a Village Trustee as well.
Highest Regards,
Jim Woyak James Woyak page 2/2
JAMES A. WOYAK JR. [email protected] . Phone: 262.327.1891 . https://www.linkedin.com/in/jameswoyak/ PROFILE Profile: A hard-working military veteran seeking to utilize my servant attitude, commitment to public service, passion, and problem solving skills in the Village Trustee role where I can leverage my abilities to deliver results for the people of Whitefish Bay. Key Skills: Diversity, equity and inclusion leadership; communications; holistic understanding of equitable solutions; program management; financial management; program operations; metric development and strategic analysis; data analysis; predictive analysis; financial analysis; Microsoft Office 365
PROFESSIONAL EXPERIENCE Senior Program Manager, Harley-Davidson Motor Company July 2019 - Present Ownership of day-to-day program operations, leading project teams in all phases of H-D motorcycle product development including planning, design, design verification, production validation, and launch. Partner with Chief Engineers to remove obstacles and keep the team focused on the most pertinent and critical tasks. Delivered internal combustion engine motorcycles to the market as well as electric vehicles Selected for the Future of Product Development Initiative Foundational Team Served as the Diversity, Equity and Inclusion Lead for the Product Development Center simultaneously Program Manager, Engineering Operations, Johnson Controls June 2018 - July 2019 Management of an Engineering Operations program portfolio consisting of numerous projects to establish the governance structure for a new product development process and its enabling technologies. Led complex projects with proficiency in the use of program management methodologies and tools Enabled teams with the use of Microsoft 365 applications such as Power BI, SharePoint, OneNote, Teams, and Project Diversity and Inclusion Leader simultaneously Quality Analyst, Business Operating System, Johnson Controls June 2016 - January 2019 Creation, management, facilitation, training and governance of a document management system to maximize efficiency and ensure compliance. Led a global initiative to develop documentation management infrastructure and communicate compliance expectations to leaders throughout the organization President of the Veterans Business Resource Group simultaneously Data Analyst, Dentaquest January 2016 - June 2016 Conducted the creation, analysis and transfer of data files, utilizing internal and external file transfers. Created, maintained and improved procedure documentation essential to the successful and accurate transfer of clients’ files Accounts Receivable, Johnson Controls March 2013 - January 2016 Conducted predictive analysis to assess financial health, determine credit limits, and mitigate risk. Developed data visualizations that was responsive to data input and visually depicts analytical products Active member of every diversity and inclusion business resource group Infantry Rifleman, United States Marine Corps July 2009 - January 2013 Conducted predictive analysis, utilizing analytical platforms to identify adversarial trends and predict future enemy activity. Prepared and presented intelligence briefs to senior military officials with actionable items, resulting in a clear understanding of enemy patterns and the disruption of terrorist organizations. Promoted on an expedited timeline to a Squad Leader and Non-Commissioned Officer Recognized as Division Marine of the Quarter, from a group of over 75,000 individuals
EDUCATION Bachelor of Business Administration: University of Wisconsin-Milwaukee, Summa Cum Laude Major: Supply Chain & Operations Management Jerald Mast page 1/11
June 28, 2021
To: Village of Whitefish Bay Board of Trustees
RE: Vacancy on the Board
Dear Members of the Board,
I am writing to express my willingness to serve as a replacement on the Board of Trustees for Mr. Kevin Buckley who is now serving as Village President. Although I am a relative newcomer to the Village having moved here in 2018, my wife Joy grew up in Whitefish Bay, and we were married at Christ Church Episcopal in 1989. So I feel some deeper connections to the Village than my near three year residency might suggest.
Moreover, I am not a newcomer to governance. I have been a Professor of Political Science at Carthage College in Kenosha for nearly two decades. In that capacity, I have served on the highest committees in the College, the Faculty Executive Committee, the Academic Senate (a body whose structure I designed, and whose approval I oversaw), and the Curriculum Committee. I have served as an officer on each of those bodies, vice chair of FEC, chair of the Senate (two terms), and secretary of the Curriculum Committee. I have also served several terms as Chair of the Political Science Department and am its current Chair. As a leader among the Carthage faculty, I have ample experience identifying and defining issues and problems, articulating competing interests, and facilitating discussions necessary in building consensus. I have worked through conflicts with administration, helped design and approve new curricular programs and important modifications to preexisting ones, and devised new organizational structures, policies and processes.
My field of expertise is also relevant. I have taught American government, public policy and environmental politics and law, for over 20 years. I have experience in providing political analysis on international, national and state issues in print, radio and television media platforms. Local governance is, perhaps, where my expertise is least well developed, and serving the Village would be an excellent learning opportunity. I am comfortable with many different political and cultural perspectives, and am respectful and appreciative of the various forms personal difference takes. As an educator, I am very familiar with navigating controversial points of view constructively. I would take the responsibility of representing all of the Villages’ citizens seriously.
I would come to the position of Trustee without a preset personal agenda beyond a desire to contribute to the overall health of the community, which I see as currently in an excellent state. I would keep an open mind on a wide array of ideas for changes to current services and policies.
Thank you for your consideration.
Best regards,
Jerald C. Mast Jerald Mast page 2/11
Jerald C. Mast, Ph.D. Curriculum Vita
Department of Political Science Carthage College 2001 Alford Park Drive Kenosha WI, 53140-1994
(262) 551-6690 (w) [email protected]
Education
Doctor of Philosophy with Distinction in Political Science (May, 2002), from Northern Arizona University. Emphases in Public Policy, Environmental and American Politics. Dissertation Clarifying Ambiguity: Public Policy, Contingent Valuation Methods, and Environmental Aesthetics. Advisor: Dr. Zachary Smith.
Bachelor of Arts in Political Science (May 1989), from the University of Wisconsin- Madison. Advisor: Dr. Virginia Shapiro
Professional Experience in Higher Education
Professor, Department of Political Science at Carthage College, Fall 2019 to present.
Associate Professor, Department of Political Science at Carthage College, Fall 2010 to 2019.
Assistant Professor, Department of Political Science at Carthage College, Fall 2002 to 2010.
Part-Time Faculty, Department of Geography in the College of Ecosystem Science and Management at Northern Arizona University, Fall Semester 2001.
Part-Time Faculty, Department of Political Science in the College of Social and Behavioral Sciences at Northern Arizona University, Fall Semester 2000 and Fall Semester 1999.
Research Assistant, Department of Forestry, College of Ecosystem Science and Management at Northern Arizona University. Fall 1997 to Spring 1999. Jerald Mast page 3/11
Co-designed and team-taught an experiential undergraduate seminar in Behavioral Learning Theory with Dr. Jerry Rudy in the Department of Psychology at the University of Colorado-Boulder, Fall 1993.
Courses Taught in Higher Education
Carthage College
Political Science 1040 - Introduction to Public Policy. Introduces students to methodological approaches to analyzing policy, as well as, to various theories of policy formation. Specific issues of public policy are explored using theoretical concepts and analytical tools. Required for Criminal Justice major.
Political Science 3100: Logic of Political Inquiry. Course explores issues of methodology and epistemology of political science in particular, and of social science more generally; introduces students to univariate and bivariate statistical analysis, as a part of social scientific research. Required for Political Science major.
Political Science 2400 – American Government. Course introduces students to the analysis of institutions, processes and actors in the American political system at national, state and local levels, using a framework of democratic theory.
Political Science 3530 – Congress and Presidency. Introduces students to the analysis of the U.S. Congress and Presidency.
Political Science 3620 – Environmental Politics. Course explores major theoretical perspectives, policy issues, legal and administrative approaches that characterize the relationships between political, economic, and ecological systems. Required for Environmental Science major.
Political Science 3930 – Environmental Law. Analyzes the manifestation of environmental politics in statutory law and case law.
Political Science 200T – Ecology and Politics of the American Southwest. Interdisciplinary Carthage Symposium with Geography Department. Introduces students to ecological, political, economic and philosophical issues of wilderness management while whitewater rafting the Colorado River in Grand Canyon National Park.
Political Science 200T – Wisconsin Land and People, - Interdisciplinary Carthage Symposium taught with the Geography Department. Examines the relationships between physical and social landscapes of Wisconsin since the Paleolithic era, with emphasis on post-European settlement. Connections between environmental perception and natural resource management are a central theme.
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Political Science 675 – Power Hungry: Economic, Political and Ecological Dimensions of Energy, Interdisciplinary Carthage Symposium taught with the Economics Department examining the role of energy in the intersection of human and ecological systems.
Political Science 675 – Expressive Protest: Political Expression in Literature, Music and Film. Exploration of political communication in a variety media in popular culture.
Heritage 105 – The Individual in Community and Culture. Course examines the relationships between the development of individual identity and collective, social influences of community and culture.
Heritage 106 – Community and Culture: the Ideal and Reality. Studies the nature and interaction of communal obligation and individuality from competing philosophical perspectives.
Honors 4250 – Conceptualizing the Anthropocene: Making Meaning in a New Geological Epoch. Senior colloquium for the Honors Program, investigating the contested and manifold meanings of the Anthropocene, the proposed geological epoch for current times.
Northern Arizona University Political Science 201 – Introduction to Politics. Course examined the predominant political topics and certain methodological issues within the discipline of political science.
Political Science 110 – Introduction to American Politics. Course introduces students to the analysis of institutions, processes and actors in the American political system at national, state and local levels, using a framework of democratic theory.
Geography 399 – Political Geography. Course examined the spatial distribution of political and economic power and influence at global, state and local scales employing World Systems Analysis.
Professional Publications and Government Reports
Mast, J.C. 2018 Climate Change Politics and Policies in America: Historical and Modern Documents in Context, ABC-Clio / Greenwood, Santa Barbara California.
Mast, J.C., 2017 “Climate Change” in Today’s Environmental Issues: Democrats and Republicans. Teri Walker, Editor. ABC-Clio / Greenwood, Santa Barbara California.
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Mast, J.C., 2011 “International Environmental Politics” in 21st Century Political Science: A Reference Handbook. John Ishiyama and Marijke Brunning Editors, Sage Publications, Thousand Oaks, California.
Mast, J.C., 2010 “Managing Aquatic Invasive Species in the Great Lakes: An Analysis of Policies, Politics and Stakeholders” A. W. Clausen Center for World Business Occasional Paper.
Mast, J.C. and J.N. Mast, 2009 “Balancing Management Needs for Conserving Biodiversity in Grand Canyon National Park”, Chapter 2 in National Parks: Biodiversity, Conservation and Tourism. Angus O’Reilly and Doran Murphy, Editors. Nova Science Publishers, New York, New York.
Mast, J.C. 2005. “Environmental Security” in National Strategy Forum Review Vol. 14, Issue 4.
Mast, J.C. 2005. “Book Review: Environmental Governance Reconsidered” in STEP Ahead: Science, Technology and Environmental Politics News Spring Volume.
Mast, J.C. and J. A. Souder. 1999 The Economic Benefits of Wildflower Viewing in Arizona: A Pilot Study for the Inter-Agency Native Plant Conservation Initiative. Report, USDI National Park Service.
Mast, J.C. and J. A. Souder. 1998 The Economic Benefits of Wildflower Viewing in Arizona: A Literature Review. Report, USDI National Park Service.
Newspaper and Periodical Publications
Mast, J.C. December 23, 2018. “Partisanship drives Wisconsin Republicans to limit authorities of the state executive” in Kenosha News.
Mast, J.C. December 9, 2005. “Feingold’s timetable shapes debate” in Kenosha News.
Mast, J.C. September 28, 2005. “Things can’t be normal after Katrina” in Kenosha News.
Mast, J.C. July, 2005. “Army not the best tool for building democracy” in Kenosha News.
Mast, J.C. April 20, 2005. “Wisconsin has reasons for political quirkiness” in Kenosha News.
Mast, J.C. January 7, 2005. “We might not agree, but we can listen to each other” in Kenosha News.
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Mast, J.C. October 22, 2004. “Voters today better informed than in past” in Kenosha News.
Mast, J.C. July 23, 2004. “Ideological divisions show up even in small towns” in Kenosha News.
Mast, J.C. April 28, 2004. “Wisconsin has proud environmental history” in Kenosha News.
Political Analysis and Commentary in Media
Bloomberg News, September 3, 2020: Guest analyst on Balance of Power with David Westin, discussing political dimensions of race relations and protests of the police shooting of Jacob Blake in Kenosha, Wisconsin.
Wisconsin Public Radio, 2003 to 2021: Frequent guest providing analysis and commentary of elections and general issues of public policy for WGTD Kenosha- Racine’s “Morning Show”, the Idea Network’s “At Issue with Ben Merens”, and coverage of special live political events including speeches by President George W. Bush, U.S. Senator Barack Obama, U.S. Senators John Kerry and John Edwards.
Milwaukee Public Television 4th Street Forum: Guest analyst discussing the Wisconsin gubernatorial race, and the midterm elections of 2014.
Beyond the Beltway with Bruce DuMont. Provided analysis of the presidential elections on nationally syndicated radio and television program. October 30th, 2016 and October 10th, 2004.
Cable News Network’s Inside Politics. Provided analysis and commentary on the character of Wisconsin politics as part of CNN’s national coverage of the 2004 presidential primary election. February 15th, 2004.
Kenosha News, Racine Times Journal, Wisconsin State Journal. Interviewed multiple times in various articles for analysis of national, state and local elections, and policy issues.
Professional Presentations
“Conceptualizing the Anthropocene Narrowly, Broadly, Empirically and Normatively” Poster presented at the Association of American Geographers Annual Meeting in San Francisco, California. April, 2016.
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“The Politics of Water and the Liberal Arts Education” with Dr. Tracy Gartner, part of the Carthage Wonder Meets Wisdom lecture series. Illinois Beach Resort and Conference Center. April 2014.
“The Conflicting Geographies of Political, Economic and Ecological Systems: Aquatic Species and the Great Lakes” keynote address delivered to 2012 Annual Meeting of the Illinois Geographical Society, College of Lake County, April 2012.
“Managing Aquatic Invasive Species in the Great Lakes: An Analysis of Policies, Politics and Stakeholders” delivered to Social Science Colloquium Series at Carthage College, November 2007.
“Indian Iconography and the Use of Native American Names and Symbols as College Mascots” workshop designed and facilitated at Wisconsin Private College Initiative for Diversity, Carthage College, November 2005.
“The Constitution, Supreme Court and the Politics of Eminent Domain” delivered to Social Science Colloquium Series at Carthage College, October 2005.
“The Constitution, Supreme Court and the Politics of Eminent Domain” delivered as invited speaker at Gateway Technical College, Kenosha WI, September 14, 2005.
“Must Diversity Be Divisive?” delivered as invited speaker at Wisconsin Private College Initiative for Diversity, Carthage College, October 29th, 2004.
“Clarifying Ambiguity: Public Policy, Contingent Valuation Methods, and Environmental Aesthetics,” invited talk, Northeastern Illinois University, 2002, Chicago Illinois.
“The Economic Benefits of Wildflower Viewing in Arizona” delivered to Southwest Rare and Endangered Plant Conference, 2000, Flagstaff AZ.
“Sylvan Democracy: Critique of U.S. National Forest Management Policy” delivered to Western Political Science Association Meetings, 1996, Tucson, AZ.
Additional Conference Participation
Southeast Wisconsin Watershed Trust 2009 Annual Great Lakes-Great Rivers Conference, in Milwaukee, Wisconsin, August 2009.
Southeast Wisconsin Watershed Trust 2008 Annual Great Lakes-Great Rivers Conference, in Milwaukee, Wisconsin, May 2008.
American Political Science Association 103rd Annual Meeting, “Political Science and Beyond”, Chicago, Illinois, August, 2007.
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Great Lakes Regional Collaboration Stakeholders Conference 2007, Chicago, Illinois, October 2, 2007.
Ecological Society of America 2005 Annual Meeting with the IX INTECOL Congress in Montreal, Quebec, Canada, August, 2005.
Conference on “Empire and Liberty”, Center for Inquiry into the Theory and Practice of Democracy, University of Chicago, May 2005.
Grants
Grant from Wisconsin Sea Grant: A Workshop Seminar on the Policy Environment in Southeastern Wisconsin for Effective Great Lakes Management of Invasive Species A Project of the Clausen Center for World Business, Carthage College, Kenosha, Wisconsin $8,250
Grant from Root-Pike Watershed Initiative Network: A Workshop Seminar on the Policy Environment in Southeastern Wisconsin for Effective Great Lakes Management of Invasive Species A Project of the Clausen Center for World Business, Carthage College, Kenosha, Wisconsin $2,245
Principal Investigator for grant (through Faculty Research Grant, Carthage College) entitled, “State and Local Policy in Wisconsin and the Progressive Legacy” funded at $2,000 for 2004-5.
“Economic benefits of wildflowers in Arizona”, with Jon Souder (PI), USDI National Park Service, Project # CPSO-R9-0621, under Cooperative Agreement No. CA-1268-1- 9003T, funded at $21,000 for 1997-1999.
Research Interests
Research interests include: impact of various forms of values on policy decision-making the effects of certain kinds of information on policy outcomes environmental regulation and natural resource management, particularly Great Lakes issues of water quality and resource usage normative implications of the use of certain kinds of information in public policy decision-making from democratic and environmentalist perspectives
Research conducted includes: political conflict over management of the Colorado River invasive species policy on the Great Lakes non-market, economic analysis involving social survey methods willingness to pay levels for natural resource management programs
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grazing policy on state-level public lands in New Mexico
College Service
Chair of Carthage Academic Senate, 2013-2015 Vice Chair of Carthage Academic Senate, 2012 to 2013 Department Chair of Political Science, 2008 to 2011 Faculty Committee Membership o Curriculum Committee Approval Group 2017 - present o Faculty Executive Committee, 2007 to 2010 o Carthage Media Board, 2004 to 2009 o Junior Symposium & Senior Thesis Oversight, 2004 to 2007 o History Department Faculty Search Committee 2006-2007 o Sociology Department Faculty Search Committee 2013-2014 o Criminal Justice Program Faculty Search Committee 2013-2014 o Nursing Feasibility Advisory Committee. 2013-2014 o Social Sciences Advisory Planning Committee, 2005-2006
Faculty Advisor for: o Carthage chapter of Pi Sigma Alpha, Political Science Honors Society, 2005 to 2008 and 2014-2016 o Carthage Driftwood, 2004 to 2008 o Delta Upsilon, 2007 to present o Carthage Planeteers, 2007 to 2008
Campus Lectures / Presentations: o Guest Speaker at Carthage Flame Leadership Series, March 2, 2009 o Guest Speaker at Carthage Chapter of Model United Nations, April 22, 2009 o Planned and facilitated a series of three roundtable panel presentations on global climate change as part of U.S.-wide Focus the Nation Campaign Spring 2008. o Presented “Moral Climate Change: The Global Warming of our World House. Thoughts on Martin Luther King and Ecological Crisis” as part of Martin Luther King Day Celebration at Carthage, January 2007. o Invited respondent to professional presentation “Religion and Presidential Politics” by Dr. Laura Olson, Clemson University, April 2007. o “Political Effects of Hurricane Katrina” Panel Program September 13, 2005. o Guest Speaker at Chapel’s “Bridges to Peace” multiple times.
Moderated Student Government Electoral Debates, Spring 2008. Conducted workshops on U.S. political culture for visiting Chinese teachers’ delegation from Huairou. September 2004 and September 2006.
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Faculty Host for Dr. Lloyd Ogilivie, guest pastor and recipient of honorary doctorate at Carthage College graduation ceremonies. May 2004. Facilitated roundtable discussion on electoral politics and mass media with Carthage students and Sam and Jean Johnson Distinguished Visitor Bruce DuMont. Spring 2004. Facilitated roundtable discussion on electoral politics and mass media with Carthage students and Sam and Jean Johnson Distinguished Visitor William Schneider. Fall 2003. Annual interviewer for Lincoln Scholarship competitions
Public Service
Political Debate Moderator for Kenosha Area Business Alliance Kenosha Mayoral Debate between Mr. Keith Bosman and Mr. Jesse Downing, April 13, 2012.
Initiated and planned the Wisconsin 1st Congressional District Electoral Debate between U.S. Representative Paul Ryan and Ms. Marge Krupp held at Nieman Theater, October 28th 2008, broadcast by Wisconsin Public Radio and local cable television
Planned and facilitated Southeast Wisconsin Economic Policy Town Hall Series held at Nieman Theater Sept. 30th, October 7th, 14th, 21st, 2008
o Special guest speakers included Margaret Farrow, former state legislator and Lt. Governor of Wisconsin, State Assemblyman Peter Barca, State Assemblyman Jeff Stone, former Kenosha Mayor John Antaramian, and Ike Brannon, Senior Advisor for the John McCain Presidential Campaign
Political Debate Moderator for Kenosha Area Business Alliance Kenosha Mayoral Debate between Mr. Keith Bosman and Mr. Pat Moran, March 14, 2008
Political Debate Moderator for Kenosha Area Business Alliance 22nd District Wisconsin State Senate Debate between Senator Robert Wirch and Mr. Reince Priebus, October 2004
Board Member of Youth as Resources – UW-Extension, Kenosha County. 2006 – 2007.
Member of Strategic Planning Task Force for Westosha Central School District, 2003 - 2004.
Professional Associations
Member of American Political Science Association (APSA).
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Member of Science, Technology and Environmental Politics specialty group of APSA. Member of State Politics and Policy specialty group of APSA. Member of Political Science Education specialty group of APSA Member of Politics, Literature and Film specialty group of APSA
Additional Professional Experiences
Teacher’s Aide and Substitute Teacher, Flagstaff Unified School District. Worked in both capacities within grades K-12 from 1993 – 1995
Lead Teacher at Computer-Assisted Learning Center, Northern Arizona University As a long-term substitute, taught a broad, computer-based curriculum to juveniles detained by the Coconino County Juvenile Court (spring-summer semesters 1994), as well as juveniles released on probation.
Divisional Supervisor, Labor Source (a division of the Developmental Disabilities Center), Boulder Colorado. Spring 1990 – Fall 1993.
Promoted from Vocational Instructor to Employment Consultant, to Project Coordinator, to Divisional Supervisor for Labor Source -- a nationally- recognized, private, non-profit agency contracted with the State of Colorado for provision of job development, placement, training and support services for Boulder County residents with developmental disabilities and their employers. Responsibilities included: . personnel management and supervision . staff hiring, training and development . inter-department service planning and coordination . client relations. Participated in the design and implementation of new staff development policies, including staff mentoring program.
10 Kim Spaude page 1/3
Kimberly Spaude 6311 N. Lake Drive Whitefish Bay, WI 53217 608-345-4647 [email protected]
Dear Village Board,
I am interested in the position of Village of Whitefish Bay Trustee. My interest is based around my longtime ties to the Whitefish Bay community and my career focus on public service. I grew up and lived in Whitefish Bay until I graduated from Whitefish Bay High School in 1999. After completing my undergraduate degree at the University of Wisconsin-Madison, I completed a Master’s degree in Public Health followed by a Juris Doctorate in Philadelphia, PA. I moved back to Whitefish Bay with my husband and three young sons in the summer of 2019 before my oldest son was to start K4. A main objective of mine as a Trustee would be to represent and be mindful of the diversity in the Whitefish Bay community as demonstrated by my own family. My 91-year-old grandmother still resides in her home on Bay Ridge. My retired parents also still live in my childhood home near Cumberland Elementary School. I am once again a proud resident of Whitefish Bay along with my husband and our three sons, with our two oldest sons attending 1st grade and K4 at Richards in the fall.
Since moving back to Whitefish Bay, I have volunteered in various school and community activities where possible. I have served as a room parent for my son’s teachers at Richards from 2019-2020 and 2020-2021. Additionally, due to my background in public health, I served on the Whitefish Bay Health Advisory Committee during the pandemic that was formed to help the Whitefish Bay School District.
My interest in serving as a Trustee is also connected to my career focus on public service. I have been an Attorney for the Social Security Administration for the past 12 years. This experience would be useful in the position as Trustee, as my job focuses on applying applicable federal rules and regulations to whatever unique set of facts are presented. This requires strong research skills, adaptability, critical thinking and the ability to apply information objectively. My work as a federal attorney also requires transparency, confidentiality and an ability to work collaboratively. I believe these qualities would be beneficial in the role of Trustee.
Thank you for your consideration.
Sincerely, Kim Spaude Kim Spaude page 2/3
Kimberly Spaude, Esq. MPH 6311 N. Lake Drive Milwaukee, WI 53217 (608)345-4647 [email protected]
Work Experience • Attorney Advisor GS-12, Social Security Administration, Office of Hearing Operations (October 2013-Present), Chicago, IL o Prepare disability appeals decisions, analyzing factual and legal issues o Conduct prehearing negotiations with claimant representatives and prehearing conferences with claimants o Draft interrogatories to medical and vocational experts o Research legal issues arising under Title II and Title XVI of the Social Security Act related to disability claims o Administer on-the-job training in a mentoring capacity to new Attorney Advisors o Completed a yearlong detail with the Office of Appellate Operations reviewing Administrative Law Judge decisions and recommending appropriate actions to Administrative Appeals Judges o Received yearly performance awards based on yearly performance reviews where I am consistently awarded an overall 5/5
• Senior Attorney Advisor GS-13, Social Security Administration, Office of Disability Adjudication and Review (November 2011-October 2013), Philadelphia, PA o Served as principal legal advisor and counsel to Administrative Law Judges, analyzing the factual and legal issues to determine what further actions are needed o Independently decided favorable disability decisions on the record resulting in the issuing of Social Security disability benefits o Independently drafted opinions submitted without review to the Administrative Law Judge o Drafted interrogatories to medical and vocational experts
• Attorney Advisor, Social Security Administration, Office of Disability Adjudication and Review (June 2009-November 2011) Philadelphia, PA. o Prepared disability opinions following hearings before an Administrative Law Judge o Conducted prehearing negotiations with claimant representatives o Researched legal issues arising under Title II and Title XVI of the Social Security Act related to disability claims o Administered on-the-job training in a mentoring capacity to new Attorney Advisors
• Conwell Community Corps Legal Fellow, The Women’s Law Project (January 2009-June 2009) Philadelphia, PA. o Legal Fellowship assisting with employment discrimination case development, including client depositions, assisting with drafting legislative amendments, and researching policy and tracking legislation
Education • Juris Doctorate, Temple University Beasley School of Law, Philadelphia, PA, (September 2005-May 2008) o Law Faculty Scholarship o Distinguished Class Performance (Trial Advocacy) • Masters of Public Health, Drexel University, Philadelphia, PA, (September 2003-May 2005) Kim Spaude page 3/3
o Master’s Thesis: Investigated the impact of prior influenza vaccination on non-hospital mortality among hospitalized adults with community-acquired pneumonia • Bachelor of Science, University of Wisconsin, Madison, WI, (September 1999-May 2003) o Zoology Major
Publications • K. Spaude MPH, et.al. “Current Influenza Vaccination and Reduced Mortality among Adults Hospitalized with Community-Acquired Pneumonia”. Archives of Internal Medicine. 2007 Jan. 8; 167: 53-59. • D. Fisman MD MPH, E. Abrutyn MD, K. Spaude MPH, A.Kim MS, and C. Kirchner RN MS. “Prior Pneumococcal Vaccination is Associated with Reduced Death, Complications and Length-of- Stay in Hospitalized Adults with Community-Acquired Pneumonia”. Clin. Infect. Dis. 2006 Apr. 15; 42:1093-101.
Professional Affiliations • Member of the Bar, State of Illinois, admitted 2008 • Member of the Bar, State of Pennsylvania, admitted 2009 Michael Griggs page 1/1
840 North Plankinton Avenue, Milwaukee, WI 53203 P: 414-225-9755 F: 414-225-9753 www.boylefred.com
MICHAEL T. GRIGGS DIRECT DIAL: 414-225-6311 [email protected]
June 28, 2021
Whitefish Bay Village Board 5300 N. Marlborough Drive Whitefish Bay, Wisconsin 53217
Re: Open Trustee Position
Dear Board members,
My name is Michael Griggs and I am interested in the open Trustee position. I grew up in Whitefish Bay and graduated Whitefish Bay High School in 1996. After high school I went to the University of Notre Dame, graduating in 2000 with a B.S. in Mechanical Engineering. I went to the University of Wisconsin Law School immediately afterward, graduating with a law degree in 2003. I met my wife, Carol Nguyen, at law school and we got married the week after law school graduation. We moved to Chicago and enjoyed our time there as young newlyweds. Our daughter, Hannah, was born in 2006, which ultimately prompted a move back to Wisconsin and Whitefish Bay. Our son, Grant, was born in 2008, which completed our family (other than our dog, Happy, who we got in 2019). Our kids have progressed through the Whitefish Bay public schools, Hannah having just completed her freshman year and Grant seventh grade.
I have been working as an attorney since 2004. I started at a consumer protection law firm in Chicago, where I worked for about a year. I then worked for a small patent law firm in Chicago for about two years. When we moved to Whitefish Bay, I started at Boyle Fredrickson, a full-service intellectual property law firm in downtown Milwaukee. I have been working at Boyle Fredrickson for 14 years, where I am a shareholder. I have also been on the Board that manages the firm for the last 4 years and currently hold the title of Vice President of the firm.
Whitefish Bay has always been my home. The community, schools, and programs provide so many opportunities for the people and families who live here. My family and I have enjoyed the benefits of Whitefish Bay residency, and I would like to give something back to the community. I believe my background in law can offer a helpful perspective on various issues, and I have a vested interest in the continued success and improvement of the Village. Thank you for your consideration.
Sincerely,
Michael T. Griggs Mitchell Nelles page 1/1
Mitchell A. Nelles 5561 N. Bay Ridge Ave. ThunderMKE, LLC
Village of Whitefish Bay Open Board Trustee Position June 14th, 2021
Hello Whitefish Bay Board Members and Team!
My name is Mitch Nelles, and I am interested in the open trustee position on the Village Board. I have lived in Whitefish Bay for 8-1/2 years and in Wisconsin for more than 30 years (most of which were in Southeastern Wisconsin, not counting my time as an undergrad in Madison).
Professionally, I have worked for ESPN Milwaukee, Children’s Wisconsin, iHeartMedia Milwaukee and Time Warner Cable. I have held numerous on-air radio roles and have quite a bit of experience in sales and marketing as well. I believe in relationships and networking and love the idea of making our community better and stronger via collaboration and partnerships.
I have quite a bit of non-profit experience as well, both as a volunteer and in paid roles. I have worked with The MACC Fund, Make-a-Wish Wisconsin, Variety of Wisconsin, the Guest House, Best Buddies and Globall Giving. I am also very involved in my local Jewish community, including our Jewish Community Center right here in Whitefish Bay. It is a passion of mine to be involved in the community where I live. That is why I am so interested in this role. I know we just had elections here and it was inspiring watching Raisa, Jacob and Jay run to represent our community and make a difference. I would love to be counted among their contemporaries and have a voice to help lead our community into the future. Speaking of the future, I am proud to be a Whitefish Bay citizen with my wife and two children. My wife Ellie Gettinger is the Director of Education at Jewish Museum Milwaukee and my daughters, Hallie and Nora, are rising 6th and 3rd graders at the Milwaukee Jewish Day School. Ellie currently serves on the Whitefish Bay Library Board; Hallie is currently in the Junior Dukes girls’ basketball and softball programs; and Nora plays in the Whitefish Bay Little League. Thank you so much for your consideration. Sincerely Mitchell A. Nelles Nicholas August page 1/1
icholas J. August, CFP® N 319 East Birch Ave | Whitefish Bay, WI 53217 | (419) 309-6538 | [email protected]
July 1st, 2021
The Village of Whitefish Bay Board of Trustees 5300 N. Marlborough Drive Whitefish Bay, WI 53217 414-962-6690 [email protected]; [email protected]
Dear Messrs and Mmes, Buckley, Fuda, Serebin, Demet, Koltun, & Haller
I was excited to see your news about the open Trustee position at The Village of Whitefish Bay on the Village Board’s website recently. As a driven and dynamic resident of the Village and Financial Advisor with 8 years of professional experience managing investments for individuals and small businesses, I’m confident that I would be an asset to the Village Board of Trustees.
Originally from Toledo, OH, I have lived in the Milwaukee area ever since attending and graduating from Marquette University in 2012 with a Bachelors of Arts and Sciences degree. My wife Lisa, and our two-year- old son Remy, moved to Whitefish Bay in September 2020 after living in Shorewood and on the upper east side of Milwaukee since 2012. We quickly fell in love with Whitefish Bay, and I have wanted the opportunity to serve, give back, and become more involved long term in the community’s leadership.
I am currently employed at Robert W. Baird, where I’ve become a high performing Financial Advisor. I successfully manage over $150 million in assets for individual families and small businesses. I pride myself on my ability to work as a team with families and owners of businesses across the country, but primarily in Southeast Wisconsin. Our goal is to make every interaction personal and special no matter the circumstances. Our clients work with me because they are not treated as a number and I suspect that the Village would like that same dedication in a future Trustee.
I’m confident that my excellent work ethic, attention to detail, and most importantly my personal vested interest in making our community a better place for all will provide you an immediate resource at the Village Board and allow me to contribute to the Village’s success.
I look forward to meeting you and discussing the Trusteeship and my qualifications with you in more detail in person on July 12th.
Thank you so much for your time and consideration.
Nicholas J. August, CFP® Rich Malin page 1/1
From: Rich Malin To: Blakeslee, Tim Subject: Board of Trustees Application Date: Thursday, July 1, 2021 2:02:41 PM
Dear Mr. Blakeslee,
I have just submitted an application for the vacant position on the Board of Trustees. I moved to Whitefish Bay in 2001 upon transferring to a new position within my organization after living in California for a couple of years. I had previously lived in the area and chose Whitefish Bay for its sense of community and historical charm. Shortly thereafter I met my wife and we have two children and have always enjoyed living in Whitefish Bay. When we outgrew our first Whitefish Bay home, we looked for several years before finding our current home; we quickly wrote off any house outside of the village limits. I want to take the opportunity to give back to the community that has been our home for 20 years!
My undergraduate degree is in Accounting and I have a Masters of Business Administration with an emphasis in Finance. Although a lot of my work experience is in the Finance area, I have significant experience in general business leadership. I lead the fulfillment team and also led the human resources function for five years in my current position. I am a member of the Executive Team of Carma working closely with the owners and Board of Directors. I believe that I have developed the skills to allow me to be a successful contributor to the Board of Trustees and residents of Whitefish Bay.
I appreciate the opportunity for consideration and am available at your convenience for any additional information. I look forward to attending the meeting on July 12.
Regards, Rich Malin [email protected] 414.745.8008 Samuel Dettmann page 1/2
SAMUEL DETTMANN 4828 N Idlewild Avenue, Whitefish Bay, WI 53217 | (414) 803-3588 | [email protected]
June 30, 2021 Village of Whitefish Bay Board of Trustees 5300 N Marlborough Drive, Whitefish Bay, WI 53217
Dear Village Board of Trustees,
I am excited by the opportunity to serve our community through the open Village Trustee position. I have lived in Whitefish Bay for the past five years and have found this to be a warm and welcoming community. As our young family grows here, I am inspired to give back in any way that I can to ensure that Whitefish Bay remains a vibrant place to live and work. I am an active volunteer in the Village, serving currently on the Board of Review and as the Treasurer for the Library Foundation Board. Furthermore, as a Certified Public Accountant and corporate finance professional, I have valuable technical expertise and financial acumen that would benefit the Board and the Village.
My professional experience and educational background have prepared me for a leadership role in our community. I hold a bachelor’s degree in Accountancy from the University of Notre Dame, a Master’s in Business Administration from Marquette University, and am a licensed CPA in Wisconsin. During my career, I have held roles of increasing responsibility in public accounting, financial reporting, financial planning and analysis, and commercial finance, which have trained me to think critically and synthesize complex concepts into useful, actionable insights. Currently, I am an Account Financial Manager for Clarios (formerly Johnson Controls Battery division), specializing in large automotive manufacturers. In this role, I collaborate across disciplines and use my financial expertise to inform decision-making, an approach to problem-solving that I would bring to the Village Board on day one. I also have extensive experience in developing budgets and long-term financial plans for a large, multinational organization, This experience has taught me to think strategically and assess risks and opportunities, both valuable skills for leading a great community as it navigates a rapidly-changing world.
In addition to my professional background, I bring a history of service in and outside of Whitefish Bay. In the eight years since I graduated from college, I have served as a Big Brother through Big Brothers, Big Sisters of Ozaukee County, a religious education instructor for Holy Family Catholic Parish, and currently serve on the Board of Review and the Library Foundation Board. Through my time on the Board of Review, I have experienced some of the workings of Village government and have listened to citizen concerns with a critical eye and an open mind. As the Treasurer and one of the first members of the Library Foundation Board, I have had the opportunity to shape an organization committed to the long-term sustainability of our library and am excited about the work that lies ahead for this important mission. These service experiences would inform my approach to a role on the Village Board.
While my educational background and the professional and civic roles that I have held are strong preparation for the role of Village Trustee, I believe that certain intangible skills set me apart and make me a particularly compelling candidate. As a newer parent who has navigated the COVID-19 pandemic with a young child, balancing professional and fatherly responsibilities, I have witnessed firsthand the toll that the past year has taken on families. As we emerge from difficult days, our community needs leaders who will approach issues with compassion, understanding, and innovation. I hope to bring this type of leadership to the Village Board if I am selected as a Trustee. Perhaps the greatest way that I can demonstrate compassion and foster innovation is through civil discourse, especially when facing disagreement. As a Village Trustee, I would bring an open-mind and an empathetic communication style to interactions with fellow board members and the wider community. When considering complex challenges that are certain to arise, I will seek to combine emotional intelligence with an ability to think deeply and analyze thoroughly, seeking empathetic and pragmatic solutions.
I appreciate your consideration for this important leadership role in our community and look forward to answering your questions in person at an upcoming meeting of the Board of Trustees.
Sincerely,
Samuel Dettmann Samuel Dettmann page 2/2
(414) 803-3588 Samuel Dettmann, CPA [email protected]
WORK EXPERIENCE February 2017 Clarios Global LP (formerly Johnson Controls Power Solutions) To Present Account Financial Manager US/Canada OE, Milwaukee, WI • Providing financial support and business partnership for commercial teams on various OE accounts (General Motors, Honda, Toyota, Nissan, Subaru) • Performing controllership duties for commercial P&Ls, supporting quote process, and other ad hoc commercial analyses • Supporting recurring forecasts and budget for OE channel and preparing operations reviews for sales leadership
FP&A Manager US/Canada, Milwaukee, WI • Coordinating forecast, annual budget, and strategic plan for region business • Assisting with month end close, presenting results, and operations reviews
Finance Manager Global FP&A, Milwaukee, WI • Management of global budget, forecasts, and strategic plan financials • Assisting with quarterly financial reports, external presentations, and financial support for executive leaders • Assisting with public debt issuance process, quarterly debt reporting, and annual rating agency presentations
Power Solutions Senior Financial Analyst Global FP&A, Milwaukee, WI • Assisting with quarterly financial forecasts, annual budget cycle, global operations reviews, and ad hoc financial analyses for executive leaders
August 2015 Brookdale Senior Living To February 2017 Financial Reporting Senior Analyst, Milwaukee, WI • Performing SEC reporting tasks and assisting with forms 10-Q and 10-K • Assisting with technical accounting, cash flow analyses, and valuations
September 2013 PricewaterhouseCoopers, LLP To August 2015 Experienced Audit Associate, Milwaukee, WI • Assisting with public company audits (IFRS and US GAAP experience)
EDUCATION Marquette University, Graduate School of Management, Milwaukee, WI Master of Business Administration (2020)
University of Notre Dame, Mendoza College of Business, Notre Dame, IN Bachelor of Business Administration-Accountancy (2013)
CERTIFICATIONS Certified Public Accountant (CPA), State of Wisconsin, 2015
ADDITIONAL INFORMATION Volunteer Activities: • Big Brother, Big Brothers Big Sisters of Ozaukee County, (2016 to 2017) • Religious Education Instructor, Holy Family Parish (2016 to 2017) • Member, Village of Whitefish Bay Board of Review (2017 to Present) • Treasurer, Whitefish Bay Library Foundation Board (2019 to Present)
Other Skills and Proficiencies • SAP, Hyperion Financial Management (HFM), Onestream, Microsoft Office (Excel, Word, PowerPoint), Blackline Systems, AssureNet Timothy Posnanski page 1/5
Timothy Posnanski
6301 N. Lake Drive Whitefish Bay, Wisconsin 53217 Direct: 414.416.1510 [email protected]
July 1, 2021
VIA EMAIL
Village Board of Trustees Village of Whitefish Bay 5399 N. Marlborough Drive Whitefish Bay, WI 53217 Attn: Kevin Buckley, President
Dear President Buckley and Members of the Village Board:
I am writing to express my interest in the currently vacant Trustee position on the Village Board of Trustees. I currently serve as one of the members of the Village Board of Appeals and am interested in serving our community in an even more impactful manner as a Trustee on the Village Board. My legal, governmental and community service experience is well suited to address the challenges and opportunities that come before the Board.
As a partner at an AmLaw 100 Law Firm, I have had the privilege of representing a broad range of clients, including corporations, individuals and governmental entities in commercial, contractual, land use, civil rights, open records and mandamus proceedings, and challenges to the constitutionality of municipal ordinances. I currently represent several municipal entities throughout the State of Wisconsin. As the Chair of the Milwaukee County Election Commission, I have overseen multiple election challenges, recounts and disputes, including presiding over the recent recount of the 2020 Presidential Election. I currently serve on several charitable and civic boards and have an extensive history of service to local organizations in Whitefish Bay and in the broader Milwaukee Community. I serve on the Board of Directors for the Wisconsin LGBT Chamber of Commerce and the Wisconsin Public Policy Forum. I also serve on the Board of Directors for the Whitefish Bay Little League, the Whitefish Bay Jr. Blue Dukes Baseball Club, and the Bavarian United Soccer Club. I previously served on the Board of Directors for the Hope House of Milwaukee and the Milwaukee Tennis and Education Foundation.
My professional background and leadership positions in several civic and charitable organizations have afforded me relevant and extensive experience that will allow me to contribute toward the stewardship of the Village as a Trustee. I am interested in continuing to Timothy Posnanski page 2/5
Village Board of Trustees July 1, 2021 Page 2
devote my time and efforts to supporting our community in the best interests of the entire community and believe I am well qualified to do so.
On a personal note, my wife Meghan and I, thoroughly enjoy living and raising our family (Jack, 10 and Norah 8) in Whitefish Bay. I cannot think of a better way to give back to this community than by serving on the Village Board.
Thank you for your consideration.
Sincerely,
Timothy Posnanski Timothy Posnanski page 3/5
TIMOTHY H. POSNANSKI 6301 N. Lake Drive Whitefish Bay, Wisconsin 53217 (414) 416-1510 [email protected]
PROFESSIONAL EXPERIENCE
HUSCH BLACKWELL, LLP, Milwaukee, Wisconsin, 2005-Present Partner, Financial Services & Capital Markets
Represented governmental entities throughout Wisconsin in constitutional, civil rights, land use, and contractual matters Advised clients on risk mitigation strategies to successfully resolve business disputes avoiding litigation. Represented national financial institutions in complex commercial negotiations, commercial loan enforcement, lender liability defense, commercial loan workouts, contested commercial foreclosures and negotiated sale of secured instruments. Counseled financial institutions, corporations and individuals in the financing, acquisition and sale of commercial real estate projects. Represented national title insurance companies and their insureds and resolved disputes involving property rights, title insurance coverage, conveyances, alleged loan fraud and forgery, land use, priority of secured interests and easements. Documented loan restructurings, forbearance agreements, and other workout arrangements to assist secured lenders. Preserved interests in real estate defeating efforts by Bankruptcy Trustee to avoid liens based upon alleged defects in security instruments. Represented secured lenders, unsecured creditors, equity holders and debtors in receivership and bankruptcy reorganizations and liquidations. Served as lead trial counsel in commercial litigation matters, including handling all aspects of discovery, mediation, trial, and appeal. Argued before the United States Court of Appeals for the Seventh Circuit. Counseled companies and individuals in a broad range of commercial, constitutional, civil rights, and land use litigation matters before the state and federal courts of Wisconsin and the state courts of Illinois. Regularly appeared before the federal and state courts of Wisconsin and Illinois at both the trial and appellate levels. Represented national male and female soccer leagues in broad range of commercial, organizational, operational and risk management issues Arbitrated and successfully negotiated disputes regarding membership in national soccer leagues with member clubs and applicant clubs. Timothy Posnanski page 4/5
EDUCATION
WASHINGTON UNIVERSITY IN ST. LOUIS SCHOOL OF LAW, St. Louis, Missouri Juris Doctorate Degree, May 2005 Scholar in Law Award (three-year merit based scholarship) Washington University Global Studies Law Review, Associate Editor.
MARQUETTE UNIVERSITY, Milwaukee, Wisconsin Bachelor of Arts Degree, cum laude, May 2002 Majors in English and Philosophy
ADMISSIONS United States Supreme Court State of Wisconsin State of Illinois United States Court of Appeals for the Seventh Circuit United States District Court for the Eastern District of Wisconsin United States Bankruptcy Court for the Eastern District of Wisconsin United States District Court for the Western District of Wisconsin United States Bankruptcy Court for the Western District of Wisconsin United States District Court for the Northern District of Illinois United States Bankruptcy Court for the Northern District of Illinois Menominee Tribal Court
AWARDS AND DISTINCTIONS Selected for inclusion in The Best Lawyers in America® in Bankruptcy Litigation and Real Estate Litigation since 2016 Named 2013 Up and Coming Lawyer by Wisconsin Law Journal Named Wisconsin Rising Star 2010-2020 by Wisconsin Super Lawyers®
PRESENTATIONS AND PUBLICATIONS
ECNL Return to Play Recommendations Webinar, May 2020 The Top 10 Things You’ve Always Wanted to Know About Workouts and Collections, WHD Academy, January 7, 2014 Dodge This: Defenses to Adversary Proceedings Seeking to Avoid Mortgages Under 11 U.S.C. §§ 544 and 547, Milwaukee Bar Association, October 4, 2013 Mortgage Servicing Rules, Wisconsin Mortgage Bankers Seminar, September 17, 2013 Litigation Implications of the Dodd-Frank Act, Milwaukee Bar Association, March 17, 2011. Ethical Considerations in Dealing with Adverse In-House Counsel, February 2010.
PROFESSIONAL ASSOCIATIONS
State Bar of Wisconsin, Member State Bar of Illinois, Member Eastern District of Wisconsin Bar Association, Member Milwaukee Bar Association, Member
2 Timothy Posnanski page 5/5
American Bankruptcy Institute, Member Program Chair, Milwaukee Bar Association Bankruptcy Section 2013-2014 Chair, Milwaukee Bar Association Bankruptcy Section 2014-2015
COMMUNITY INVOLVEMENT
Chair of the Milwaukee County Election Commission Village of Whitefish Bay Board of Appeals Milwaukee Bar Association Board of Directors, 2017-2020 Wisconsin LGBT Chamber of Commerce Whitefish Bay Little League, Board of Directors Bavarian Soccer Club, Board of Directors Whitefish Bay Jr. Dukes Baseball, Board of Directors and Incoming President
3
VILLAGE BOARD MEETING STAFF REPORT
REPORT TO: President Kevin Buckley & Village Board of Trustees
REPORT FROM: Paul Boening – Village Manager
DATE: July 8, 2021
AGENDA ITEM: Discussion/action regarding in-person meetings
ACTION REQUESTED: ___Ordinance ____Resolution __√__Motion
BACKGROUND
Aside from a few exceptions, the Village of Whitefish Bay has been utilizing a virtual meeting platform (GoToMeeting) since March of 2020 to meet remotely during the Covid-19 pandemic. As safety measures have been lessened following the widespread availability of vaccines, municipalities have shifted back to in-person meetings. Given the favorable Covid statistics in the North Shore, staff is recommending a return to in-person meetings in Whitefish Bay.
It is important to note that returning to in-person meetings will not preclude the use of virtual meeting technology in the future. In August of last year, the Village Board adopted Ordinance #1870, which memorialized a virtual meeting option for boards, committees and commissions on a case-by-case basis (when the chair determines that health, safety, welfare, family or work circumstances warrant a virtual meeting). The Ordinance also outlines a process for members to attend in-person meetings remotely with approval from the chair of the respective body.
RECOMMENDED ACTION BY VILLAGE BOARD
To authorize the return to in-person meetings for Village boards, committees and commissions.