CDA Finance Committee reviews year-end finances, CFP status; Riverview Towers audit unqualified
At a glance
Quick context to catch up fast.
The Community Development Authority Finance Committee met March 5, 2026. Members approved prior minutes and reviewed CDA investment balances ($9,542,980.30 at 3.25%), receipt of a $17,110.80 Live It Up repayment (including a loan payoff), Capital Fund Program grant status (CFP 2023/2024 fully obligated/disbursed; CFP 2025 increased to $106,167 with $86,853.80 outstanding and obligation/disbursement deadlines of May 2027 and 2029), 2025 fourth-quarter financials for WCDA programs and Riverview Towers LLC, 2025–2026 salary allocations (within 1% of budget; no transfers needed), and the finalized RVT LLC audit (unqualified opinion). CliftonLarsonAllen will complete the single audit on April 6, 2026 and present audits at a future board meeting.
Projects mentioned
Browse all related coverage for the main local project pages tied to this summary.
Committees mentioned
Open the committee coverage hubs tied to this summary.
Topics discussed
Was this summary helpful?
Your feedback helps us prioritize what to improve next.
Key decisions
Follow the major takeaways from this briefing.
- Approved minutes from the November 12, 2025 meeting.
- Acknowledged CDA entity-wide investment balance of $9,542,980.30 earning 3.25% interest.
- Noted receipt of Live It Up semi-annual repayment of $17,110.80, including a loan payoff.
- Confirmed CFP 2023 and CFP 2024 grants are fully obligated and disbursed; CFP 2025 grant increased by $995 to $106,167 with $86,853.80 obligation/disbursement balance and planned uses (concrete repair, tree trimming, capital needs assessment).
- Recorded CFP 2025 obligation deadline of May 2027 and disbursement deadline of 2029.
- Reviewed 2025 fourth-quarter financials for WCDA programs and Riverview Towers LLC.
- Accepted 2025 year-end salary allocation summary showing allocations within 1% of budgeted program percentages; no inter-program transfers required; spreadsheet to be provided semi-annually.
- Accepted Riverview Towers LLC (RVT LLC) 2025 audit with an unqualified opinion; CliftonLarsonAllen to complete the single audit on April 6, 2026 and present audits at a future meeting.
- Adjourned the meeting.
Timeline & follow-ups
Action items flagged by the community.
No follow-ups have been shared yet. Add one in the community board below.
Meeting information
Details and records from this meeting.
Community Development Authority Finance Committee Meeting
Agenda
- 1 Call the Meeting to Order
- 2 Approval of Minutes from 11/12/25
- 3 Review of CDA Accounts & Capital Funds
- 4 Presentation and Review of 2025 Fourth Quarter Financials
- 5 2025-2026 CDA Salary Allocation & Spreadsheet Reveiw
- 6 Riverview Towers LLC 2025 Audit
Documents from this meeting
- Packethttps://wausauwi.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=5522,plainText=false)
- Agendahttps://wausauwi.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=5523,plainText=false)
- Minuteshttps://wausauwi.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=5885,plainText=false)
Recent documents
Fresh records from this municipality.
Civic leadership
Know who to contact about the decisions that matter.