Preheat oven 350 degrees. Mix all ingredients for meatballs together and roll into desired shaped balls. Place on baking sheet and bake 20 to 30 minutes depending on size of meatball.
Meanwhile make the sauce. Mix all ingredients except butter together in a saucepan. Cook over med high heat for about 5 minutes until reduced a bit. slowly stir in the butter one slice at a time constantly stirring until each melts and incorporates into a sauce. Serve with meatballs