August 2010


Save the Date!

Save the Date! 


The annual Wisconsin Public Finance and Education Seminar will be held February 10-11, 2011 at the Kalahari Resort in Lake Delton


With exciting topics, speakers, and networking opportunities, you want to make sure you don't miss out, so mark your calendars and look for more details soon and in the next edition of The Advisor.


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WMCA Celebrates 30th by Puttin' On The Ritz

Wisconsin Municipal Clerks Association

The Wisconsin Municipal Clerks Association will be celebrating their 30th anniversary August 18-20, 2010 in Green Bay, Wisconsin.


This year's theme of 'Puttin' On the Ritz' reflects the atmosphere at the Hotel Sierra and KI Convention center, with classes, demonstrations and sessions as part of the schedule.


Pre-Conference classes begin on Wednesday, August 18th, with Opening Ceremonies held on Thursday, August 19th at 8:30 AM.


Be sure to stop by the Ehlers Booth during the "Break with Vendors," and don't forget to bring your beads from last year's conference!


More details can be found at WMCA 2010 Conference.


Debt Refinancing Saves City of Oshkosh Taxpayers Over $2.6 Million

The City of Oshkosh Common Council has awarded the sale of $34,330,000 in General Obligation bonds and notes.  Savings to City taxpayers and utility customers of $2,611,155 were achieved by issuing $21,040,000 in bonds to refund existing City debt at lower interest rates.

To read more about how the City saved taxpayers money, click here.



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Phone: 262-785-1520



Welcome to the August edition of The Advisor.

We encourage you to forward it to others who may be interested or ask them to sign up to receive their own copy.

In this issue, we're celebrating successes of some of our business partners. The Wisconsin Municipal Clerks Association is celebrating their 30th Anniversary this week in Green Bay. For anyone attending the conference, I'm extending a personal invitation to stop by the Ehlers booth and meet our team.


And speaking of something to celebrate, the City of Oshkosh recently had a debt refinancing that saved its taxpayers over $2.6 Million. Some other stories in this issue include:   


If you have feedback about what you'd like to see in future issues, please let us know. And remember to check out our Ehlers's Bi-Weekly Commentary located on our website in between newsletters. 


On behalf of the entire team here, we'd like to extend congratulations to both the WMCA and the City of Oshkosh. 

Steve Apfelbacher


American Recovery & Reinvestment Act Bond Programs Face Uncertain Future 

by Greg Johnson, Financial Advisor


Greg Johnson 
The American Recovery & Reinvestment Act (ARRA) passed in February 2009 introduced several new bond programs including Build America Bonds (BABs), Recovery Zone Facility Bonds (RZFBs), and Recovery Zone Economic Development Bonds (RZEDBs). 

These ARRA bond programs are set to expire on January 1, 2011. 


Click here to continue reading.


Levy Limits and Debt Service: Ensuring Proper Completion of Your Levy Limit Worksheet 

by Todd Taves, Financial Advisor


Todd Taves 

As communities begin preparation of their 2011 budgets, it is a good time to review the levy limit adjustments and exceptions available for debt service payments. Proper worksheet categorization of debt payments maximizes the amount of levy capacity available for operations and other non-debt expenditures. The following is a summary of debt service related levy limit worksheet items.


Click here to continue reading.


Moody's and Standard and Poors: Reducing Risks at Your Cost? 

by Jon North, Financial Advisor


jon northThe prognosticators of risk are now reducing their risks. Moody's has long given their opinions on risk.  Now they are trying to limit their own risk.


This year, Moody's began requiring all issuers to sign rating applications for all new financings.  Historically, signed applications were only needed to obtain preferred pricing discounts.


Click here to continue reading.


Congratulations to Shorewood & Whitefish Bay for Award on Intergovernmental Cooperation

by Mike Harrigan, Senior Financial Advisor


Mike Harrigan Ehlers is pleased to serve as the Financial Advisor to both of these Milwaukee area metro communities. Recently, both were recognized by the Public Policy Forum for their ability to reach an agreement to detach land from the Village of Whitefish Bay and annex it to the Village of Shorewood so that Shorewood could provide the Tax Incremental Financing incentives needed to enable a multi-million dollar mixed use development.


Click here to continue reading.


Shorewood & Whitefish Bay


Veronica RudychevMeet Our Newest Team Members 

Veronica Rudychev joined Ehlers & Associates as an Analyst in July 2010.  Prior to coming to Ehlers, Veronica worked for the Village of Elm Grove and the Village of Bayside in Wisconsin.

She has varied local government experience including areas dealing with zoning, planning, municipal accounting, elections, and general local government management. 


Receiving a Bachelor of Arts in Political Science and International Studies, along with a minor in Economics from UW-Milwaukee, Veronica is currently working towards a Masters in Public Administration at UW-Milwaukee. 


Veronica is a member of the Wisconsin City/County Managers Association (WCMA), Wisconsin Association of Municipal/County Assistant Managers (WAMCAM), International City/County Managers Association (ICMA), as well as the Phi Beta Kappa Honor Society.  She served on the WAMCAM Executive Board from 2009-2010.


Tracy RingwellTracy Ringwell joined Ehlers as an Office Assistant in July 2010.  Prior to joining Ehlers, Tracy was an office administrator for a real estate company in Florida.  She will be assisting the Wisconsin Team with a variety of general administrative support and special projects related to Ehlers debt issuance, financial planning, and economic development services.


In her spare time, Tracy enjoys reading, camping and spending time with her family and friends. Her willingness to learn new things and help out others makes Tracy fit into the team.


Welcome to Ehlers, Veronica and Tracy!



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