City gets upbeat report from auditor|
The Antigo Common Council received an upbeat report from its auditor Wednesday, who found the city “in a good financial position, with no material weaknesses.”
Dave Maccoux of Schenk Government and Not-for-Profit Solutions presented the 2013 financial statement. which included a review of the fiscal health of the municipality’s various accounts.
Maccoux reported that the city’s general fund increased from $4,607,942 to $4,717,251 during 2013, which represents 79 percent of total budgeted expenditures financed through property taxes.
“This indicates the general fund is in good financial position as it enters the 2014 fiscal year,” Maccoux said.
The city’s general obligation debt load is $15.37 million, or 85 percent of its limit, down slightly from the previous year. With no substantial projects on the horizon, the city expects to have its debt retired within 14 years.
Revenue bonds, which are used for long-term projects such as water utilities, total $6.5 million, and are not scheduled to be retired until 2047.
Among the various enterprise funds, Maccoux noted that the water utility reported operating income of $527,174, representing a 6.66 percent rate of return. That’s a healthy level, but may not be enough to cover needed repairs to the system caused by the harsh winter, with a rate increase under consideration.
The sewer utility reported operating income of $247,535 while the stormwater utility reported a loss of $21,598, due in part to drawing down the account’s balance for some utility projects this year.
Aldermen moved swiftly through the remainder of the agenda, approved all actions on 8-0 votes with Alderman Phil Beck excused.
The council approved a request from the Antigo Area ATV/UTV Club to use the former railroad grade on the city’s north side as a trail to connect the city to the existing Langlade County system. The corridor runs from the intersection of Amron Avenue and Saratoga Street north to County Highway N.
It also inked an agreement with Langlade County that will allow construction of a bike trail route along the eastern boundary of the Langlade County Fairgrounds. The 20-foot section of trail would be part of a larger route that would loop around town and connect various community centers, parks, facilities and cemeteries.
In other recreational matters, the council agreed to buy $2,500 worth of picnic tables for Peaceful Valley Park and set the rental fee at $50 for use of the Little League concession stand by area groups and families outside of the baseball and softball season.
In other business, aldermen:
—accepted the bid from Northeast Asphalt for $57,767 to make repairs to the streets and sidewalks as needed. The work involves 350 lineal square feet of curb and gutter, 900 square feet of driveway approach and sidewalk and 850 square yards of blacktop pavement.
—reached an agreement with CoVantage Credit Union over property at 5905 Birch St. secured partially through a Block Grant. The credit union will pay the city $1,000 to clear the grant as opposed to foreclosure. The remaining $12,609 will be written off as bad debt.
—authorized the city to take possession of a house at 710 Wausau Rd. There is an outstanding Block Grant loan on the property for $8,560.
—waived the various fees and license requirements for Market Streetfest scheduled June 27.
—purchased a fuel tank for the wastewater plant generator from Servco FS for $6,123, plus accepted the bid of $1,195 from Duffek Sand and Gravel Inc. for necessary concrete work.
—increased field fees for Lake Park to $7 per game and eliminate the $2 light fee.
—approved the purchase of a metal shipping container for the Police Department gun range, replacing a deteriorating storage shed.
—inked an agreement setting charges for non-emergency transports at $213.24 for 2014, with a 3 percent annual increase. If the transport is over 10 miles, there will be a $3 per loaded mile charge.
—and approved the mayor’s appointments of aldermen Tom Bauknecht and Tim Kassis to the Safety Building Joint Operations Committee and Kristy Bovre to the Joint Library Board.
Acting on the recommendation of Police Chief Eric Roller, aldermen denied Joshua Davids’ request for fermented malt beverage and intoxicating liquor, amusement device and dance hall licenses for Headquarters II, 1005 Fifth Ave. The licenses had been relinquished by Tiffany Boldig.
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