Um, for the audit that we performed for this year, um, we are able to issue a clean unmodified audit opinion, which is the best that we can give as your auditor.

We did note two um material weaknesses this year. One for a lack of segregation of accounting duties and the other for material audit adjustments. Those findings um have been present in the past and are are somewhat common um in when you have a finance team of of that size.

The state auditor's office recommends a fund balance between 35 and 50% of um annual expenditures. And um for the year ended December 31st, 2025, the general fund balance of about 1.7 million um represented about 49% of actual expenditure expenditures at 2025 levels there. So uh within that that range.

I think we should maybe take away some of the no motorized vehicle signs on some of the paths. It's just I like down here at the ballpark here, like basically the path to get on is taking a cart path or the walking path to get there. Otherwise, you're out on County Road 2. ... I mean, I don't see what the big deal is. I mean, you guys got to take care of it. But like, if you're on the walking path with a golf cart, I mean, I go down the one by I don't know, comes off Siger Street all the time. And and I've talked to a lot of people that if there's somebody else on the path, you don't go blaze by them. You pull over and let them go by.

My concern is if we remove that, we're going to have motorcycles because we already have those paths. We've actually had cars. We've had to arrest cars. ... So my where I understand where's coming from and I know exactly I understand why there's a lot of people that take that games to but my concern is as soon as you remove the motorized you're going to get a lot of other things.

The main purpose for a capital improvement plan is really to help with that long-term um, responsible planning for for your community. and a CIP or this one specifically is looking at the next 5 years and um capital improvements that need to happen and then along with that plan how you would finance those capital improvements.

Then on August 23rd or any date after, you could move forward with the issuance of of the bonds. And again, this is specifically this requirement is specifically tied to that land acquisition piece of the capital improvement plan for for this evening.

The proposed issue for 26 includes a CIP piece which is for the land acquisition for the municipal facility campus. um that project amount is $370,000 and debt service would be paid for advant or paid for from advalorum property taxes. Um the second piece of the bond issue is uh water piece um for well number five, the water treatment plant modifications and some blending equipment that is in a project amount of $1.6 $6 million and again debt service on that portion of the bond would be paid from water utility revenues.

The bonds are being proposed to be issued for a term of 15 years. Um principle would be due in the years 2028 through 2042. However, there would be a call provision or what that means is a provision where you could prepay or refinance if interest rates were at a point where there were interest savings. Um they would be callable in February of 2036.

The big takeaway here is all of the check marks are on the right hand column. There's a lot that has to get done. ... Everyone kind of understands the state of the state of that building. Okay.

And my big takeaway here was this community and history. Uh, the importance of that in this building. And then that's also echoed again in the concerns of just if the project doesn't happen, there would be a loss of community history.

Overall, you know, it is significantly cheaper, uh, to renovate the existing building. And a few caveats on this co, you know, the the summary of the budget is um the site costs are included in this. And then this is escalated to uh construction start of spring 2027.

If the answer is yes, then the next question is when? There's a couple different ways you can go about doing it. Say, nope, this is something we want to do based on cost escalation. This is just a high priority for the community staff. get Josh to put together a proposal for the next phase of design work and we're going to move we're going to move ahead with, you know, a more more detailed design, more detailed budget. ... The third option is we want to do it, but we don't see it happening between now and 31.