The Middleton Finance and Personnel Committee convened on April 15, 2025, to discuss key financial matters, including the approval of bills, resolutions for affordable housing, and the assignment of year-end general fund balances.

The meeting began with the acceptance of minutes from the previous meeting, followed by a review of the audit of bills. Three additions were made to the audit, including a payment of $44,872.47 to the Middleton Law Enforcement Foundation for canine program funds, a monthly payment of $10,003.11 for an easement at Deming Way, and $222 for an insurance policy related to the Middleton Bridal event. The committee unanimously approved the audited bills with these additions.

A significant topic of discussion was Resolution 2025-12, which pertains to the extension of Tax Increment District (TID) 3 for affordable housing. The committee recommended that the council adopt this resolution, emphasizing the importance of using at least 75% of the income increment to benefit affordable housing in alignment with the Dane County Regional Housing strategy.

The committee also addressed Resolution 2025-21, which involves the assignment of the 2024 year-end general fund balances. Bill, a committee member, provided a summary indicating a strong surplus of $857,032, primarily due to increased revenues from interest income and development activity. The committee recommended assigning $1,445,004.46 from the surplus for various purposes, including funding for public safety equipment and planned reserves for future projects.

Lastly, the committee discussed Resolution 2025-22, which amends the 2025 budget to incorporate carryovers and the use of assigned fund balances. This resolution was also recommended for council approval, ensuring that the budget reflects the planned financial allocations.

Overall, the meeting highlighted the committee's proactive approach to managing the city's finances, focusing on supporting affordable housing initiatives and maintaining a healthy financial surplus for future needs.