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Elk Mound ends 2015 with $495,489 fund balance

By LeAnn R. Ralph

ELK MOUND  —  The Village of Elk Mound ended 2015 with a fund balance of $495,489.

The Elk Mound Village Board received an audit report from the accounting firm Baker Tilly at the May 4 meeting.

Elk Mound’s sewer and water utility had operating revenues of $299,352 for 2015 and operating expenses of $323,828, resulting in an operating loss of $24,476.

According to the audit report, the water rates in effect for 2015 were approved by the Public Service Commission of Wisconsin in August of 2012, and the sewer rates in effect for 2015 were approved by the Elk Mound Village Board in April of 2012.

In view of the operating loss for the sewer and water utility, the village board should consider a rate increase, said Pat Hahn, village clerk-treasurer.

General property taxes collected for 2015 were $272,254 and state shared revenue was $227,276.

General government expenditures for 2015 were $205,177, compared to the budgeted amount of $246,299, representing a surplus of $41,122.

Public safety expenditures for 2015 were $115,819, compared to the budgeted amount of $124,198, representing a surplus of $8,379.

A total of $41,614 was spent on public safety in the police budget, compared to a budgeted amount of $49,765, representing a surplus of $8,151.

A total of $6,413 was spent on patrol, compared to a budgeted amount of $5,800, representing a deficit of $613.

A total of $53,595 was spent on fire protection, compared to a budgeted amount of $54,336, representing a surplus of $741.

A total of $14,197 was spent on ambulances services, compared to a budgeted amount of $14,297, representing a surplus of $100.

The Village of Elk Mound is included in the Colfax Rescue Squad’s service area.

A total of $111,289 was spent on the public works budget, compared to a budgeted amount of $128,365, representing a surplus of $17,076.

A total of $25,928 was spent on culture, recreation and education (which includes parks, playgrounds and the library), compared to a budgeted amount of $14,554, representing a deficit of $11,374.

The total library expenditure was $8,979, compared to a budgeted amount of zero, representing a deficit of $8,969.

Total debt service expenditures for principal and interest in 2015 were $81,893, compared to a budgeted amount of $75,958, representing a deficit of $5,935.