HomeMy WebLinkAbout4.02.2025 Meeting Materials
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
LONG RANGE FINANCE COMMITTEE AGENDA
April 2, 2025
5:15 PM
To Whom It May Concern:
PLEASE NOTE the City of Oshkosh Long Range Finance Committee will meet on Wednesday,
April 2nd, at 5:15 p.m., in Room 404 at the Oshkosh City Hall, 215 Church Avenue.
ROLL CALL
I. Citizen Input - (Up to the first 15 minutes of meeting – can be regarding any City Finance
topic)
II. Approval of February 5, 2025 Minutes
III. Introduction of the New City Manager, Rebecca Grill
IV. Motion to change Long-Range Finance Committee meeting time from 5:15pm to 5:00pm
V. Special Assessment Update
VI. Committee Discussion
A. Discuss creation of a Real Estate Revaluation Policy
VII. Next Meeting Date & Agenda Items – June 4, 2025
A. Update from GoEDC
B. Real Estate Revaluation Policy
C. Revisions to Fund Balance Policy
VIII. Adjournment
If you have any questions, please call the Finance Office at (920) 236-5005 between 8:00 am – 4:30 pm
Monday – Friday.
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
LONG RANGE FINANCE COMMITTEE AGENDA
February 5, 2025
5:15 PM
To Whom It May Concern:
PLEASE NOTE the City of Oshkosh Long Range Finance Committee will meet on Wednesday,
February 5th, at 5:15 p.m., in Room 404 at the Oshkosh City Hall, 215 Church Avenue.
The meeting was called to order by Adam BellCorelli at 5:15pm
Members Present: Adam BellCorelli, Koby Schellenger, John Zarbano, amd Todd Hutchison
Members Absent: Karl Buelow, and Brian Wendt (Alternate)
Staff Present: Julie Calmes – Director of Finance, Denise Edwards – Management Analyst,
Darryl Eschete – Library Director
ROLL CALL
I. Citizen Input - (Up to the first 15 minutes of meeting – can be regarding any City Finance
topic)
• Darryl Eschete shared gratefulness of the Finance Department and all the
assistance given to get him and his department onboarded with City financial
procedures.
II. Approval of October 2, 2024 Minutes
• MOTION TO APPROVE: Koby Schellenger; 2nd John Zarbano
• CARRIED: Approved unanimously, no added comments.
III. Special Assessment Update
• Briefly discussed the deferment policy. Public Works and Finance are
working with the City Attorney to update the ordinance in March, report
back to Long-Range Finance Committee in April.
• Julie explained updates for the connection charges.
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
IV. Debt Update
• Discussed the tax levy impact analysis and projection.
• Showed the levy limit worksheet to help understand the areas of concern.
• Viewed the debt analysis workbook for clarity.
V. Next Meeting Date & Agenda Items – April 2, 2025 (updated early)
• Parkland Impact Fee - Pushed back due to transition in the Community Development
department.
• Revisions to the Fund Balance Policy
• Julie Explained the Fund Balance Analysis
• Committee wants to change the meeting time from 5:15pm to 5:00pm
• Committee would like to meet the new City Manager- Rebecca Grill
VI. Adjournment
• MOTION TO ADJOURN: Todd Hutchison; 2nd John Zarbano
• CARRIED: Approved unanimously
• Meeting adjourned at 6:20 p.m.
If you have any questions, please call the Finance Office at (920) 236-5005 between 8:00 am – 4:30 pm
Monday – Friday.
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
DATE: April 2, 2025
TO: Long Range Finance Committee Members
FROM: Julie M. Calmes, Director of Finance
RE: Real Estate Revaluation Policy
Council Member Floam asked to have the exploration of a regularly scheduled real estate
revaluation policy be put on the March 25, 2025 City Council agenda. He included a summary
of what some other municipalities, of similar size to Oshkosh, do in regards to real estate
revaluation based on his research. This document is included in this packet as well.
During Council discussion, it was recommended that Council send this topic to the Long Range
Finance Committee to discuss. Council’s goal is for staff to bring a recommended policy to this
committee and that this committee could then send to Council before budget season. With this
timeline in mind, we decided to add this item to Long Range Finance Committee’s April meeting
as a discussion topic, with the plan of staff bringing a proposed policy to the Committee in June.
Staff will work on gathering additional background information on the revaluation process to
distribute during the April meeting.
City Revaluation Policy Revaluation Frequency Notes
Kenosha Scheduled revals Every 2x years
Racine Some form of reval every year Annually Doing a market reval in 2025, full reval in 2026
Appleton Scheduled revals Every 5x years
Green Bay Scheduled revals Every 5x years Council recently approved a policy for regular revals
La Crosse Varied Market driven
Wausau Varied Every 5x years* (will sometimes vary on mkt conditions)Revalued in 04, 07, 15, 20, 24
Janesville Varied No set frequency, but every 3-4 years Revalued in 19, 23, planned in 27
Waukesha Scheduled revals Every odd numbered year