The Finance & Personnel Committee of the Village of Ashwaubenon convened on February 19, 2025, to discuss key financial matters, including the liquidation of an unused fund and preparations for the upcoming NFL draft.

A significant topic of discussion was the proposal to close out a fund that has remained unchanged since 2017, totaling approximately $56,000. Committee members noted that land acquisitions are now primarily managed through the Community Development Authority, reducing the necessity for this general fund component. The committee agreed that liquidating this fund would streamline financial operations.

Additionally, the committee reviewed the budget for the NFL draft, which currently allocates $190,000. An additional transfer of $55,569.50 was approved to bolster this fund, anticipating expenses primarily related to public safety overtime. The total budget for draft-related expenses is estimated at $300,000, with local legislators working to secure state funding to cover these costs. However, it was noted that the NFL does not contribute financially to the village, and any benefits would be indirect, primarily through increased local spending.

The committee also discussed the procedural aspects of fund transfers, emphasizing that any excess funds from the draft would need to be reallocated to other reserve accounts if not utilized. The motion to approve the transfer was unanimously carried, reflecting a collaborative effort to ensure adequate funding for public safety during the draft while maintaining fiscal responsibility.

In conclusion, the meeting underscored the village's proactive approach to managing its finances in anticipation of significant events like the NFL draft, while also addressing the need to close outdated funds to enhance operational efficiency.