Development News for Waverly, Iowa

Ordinance 1179 Adopting Right-of-Way Maintenance Standards Passes Third Reading

The council approved the third and final reading of Ordinance 1179, which amends the Waverly Municipal Code by adding chapter 89 to the streets section, concerning the maintenance of right-of-way. The ordinance passed with a unanimous roll call vote [cite: 100-116].

City Employee Handbook Updates Approved, Including Policies on Wellness, Workplace Conduct, and Training

Resolution 26-128, approving changes to the city employee handbook, was passed. The changes include updates to the employee engagement and wellness policy, direct-free and alcohol-free workplace policy, communication regarding liability/fault/insurance coverage policy, and the employee training, professional development, and education assistance policy. The resolution passed with a unanimous roll call vote [cite: 138-153].

Waverly Utilities 2025 Audit Shows Increased Revenues and Expenses, Clean Opinion Issued

The council reviewed the 2025 audit for Waverly Utilities, presented by Killian Meyer, Director of Finance and Customer Services. IDE Bailey completed the audit, issuing a clean opinion, indicating that the financials fairly present the financial position of Waverly Utilities. Operating revenues for the electric utility were $21 million, an increase of $1.4 million from 2024. Kilowatt hours sold increased by 808,000. Operating expenses were $19 million, an increase of $1.5 million over 2024. The utility ended the year with an increase of $1.2 million to net position after transferring $751,000 to the city. Cash decreased by $626,000 due to debt service, capital purchases, and the city transfer. The rate stabilization fund increased by $850,000. GASB 103 was implemented, primarily affecting the reporting of the city transfer. There were no findings of material weaknesses in internal controls. Separate books are maintained for telecommunications and electric utilities, with no issues found in expense allocation. Waverly Communications Utility holds over 85% market share and is adding new subscribers daily. Questions can be directed to Kurt, Jeff, or Killian Meyer [cite: 48-76].

Council Approves Public Hearing for $80,000 Personal Property Lease Agreement

The council approved Resolution 26-125, which sets a date for a public hearing to authorize a master services and purchasing agreement lease, payable from the general fund, for personal property not to exceed $80,000 for city use. The resolution also provides for the publication of notice thereof. The motion for approval was made and seconded, and a roll call vote was taken with all council members voting yes [cite: 82-100].