Bill Moilien, representing Johnson Block & Company, presented the official 2012 Audit to the Hillsboro City Council at its regular monthly meeting Monday night.
The scope of the audit included all governmental funds and activities of the city.
The certified public accountants prepared and filed the regulatory report for 2012 with the Public Service Commission and will also prepare a report that will be filed with the Wisconsin Department of Revenue.
Total Equalized Value of Property continued a good rate of increase to $63,310,100. The City of Hillsboro ‘s total property valuation increased by 3% over a six-year period.
Hillsboro City Treasurer Lisa Johnson then presented the 2012 Year-End City Budget Report
Net Revenues VS. Expenses:
• General Fund - $54,417.38
• Water Fund - $102,690.48
• Sewer Fund - $147,836.04
• TIF 2 Fund - $141, 075.34
• TIF 4 Fund - ($59,215.52) This was the only negative in the report, resulting from an unforeseen loan for the Riverview Dairy
• K-9 Fund - $14.42
• Room Tax Fund -$6,572.05
“Overall, budget practices are working,” she stated following her report. “We did very well. We are aware of what we’re spending and what revenue is available.”
Mayor Greg Kubarski then commended Johnson for a very understandable report.
The Council then unanimously approved the following:
• A request from Beezer’s Bar and Grill for an Outdoor Consumption Permit change from 10 p.m. to 11 p.m.
• Badger Blending Development Incentive Loan to Royal State Bank with a bid of five years at 1.35 percent interest rate.
• A resolution for City Development Block Grant Regionalization Support.
• Lifeguard employment.
• Three operator licenses that were approved by Police Chief Thomas Richardson.
Before the meeting was closed, the Council discussed at length a request for a new license for Friends Restaurant in which the bar and restaurant would be under separate management. The request was tabled until the May Committee as a Whole meeting where it could be discussed in closed session.