Town of Iola to review finances, appointments, and consider borrowing authority

The Town of Iola’s government board will convene for its annual meeting on Monday, April 28 at 6 p.m. at the town hall, where officials will review the previous year’s finances, designate key positions such as the town bank and attorney, and vote on granting the Town Board borrowing authority. This pivotal gathering, which will precede the town’s regular monthly meeting, is expected to shape Iola’s administrative and financial path for the year ahead.

Chairman Mark Sprangers, along with board members Bruce Faldet, Josh Franchuk, Steve Madson, and Denis Walter, will lead the meeting. They will first review and approve the minutes from the 2024 annual meeting before discussing the past year’s revenues and expenses in detail. With financial transparency high on the agenda, residents may expect a comprehensive breakdown of town expenditures and income.

Among the critical decisions will be the designation of the town’s banking institution and legal counsel for the year. Unless compelling alternatives are presented, these appointments are expected to reaffirm the town’s existing partnerships.

One of the more significant agenda items will be the proposal to allow the Town Board to borrow funds at its discretion. If approved, this measure would streamline emergency and planned financial decisions, granting the board more flexibility in managing municipal needs. While the move is expected to draw community interest, the board may emphasize the safeguard processes already in place to ensure fiscal responsibility.

The board will also assess its own compensation, a topic likely to prompt discussion amid rising inflation and demands on public service roles. Any changes could affect future budgeting and the town’s ability to attract and retain committed officials.

Lastly, board members will officially schedule the 2026 annual meeting for April 27 and address any other business brought forth by the public before adjourning.

Immediately following the annual meeting, the board will transition into its regular monthly session. This portion will cover standard procedural approvals and include public comments, updates on local infrastructure projects involving roads and bridges, and new topics such as cemetery oversight and potentially rescheduling the May meeting to Monday, May 19.

Approvals of the town’s financial books and checks will round out the evening, capping a meeting that will play a decisive role in guiding Iola’s operations through the coming year.