Quarterly Tresurers Report end 3.31.25

4-30-2025
To: — Robert J. Brule - First Selectman
Kim Allen - Director of Finance
Glenn Patterson & Board of Finance Members
Paul Goldstein & RTM Members
Thomas W. Giard [Il - Superintendent of Schools
Joseph Mancini — Director of Finance & Operations ~ BOE
Pat Fedor & Board of Education Members
From: Abbas Danesh ~ Treasurer
Subject: Quarterly Treasurer’s Report and Related Financials ending 3/31/2025.
‘The following attachments are included for reference:
Attachment I - 3/31/2025 Cash Positions - Town of Waterford
Attachment 2~ CDs & Bonds Summary — Town of Waterford
attachment 2 Jan — Mar & attachment 2 combined
Attachment 3 - Graph of Total Interest Income vs. Fiscal Years
Attachment 4 — Interest Income by Funds vs. Fiscal Years
Attachment 5 ~ FY 2025 Estimated General Fund Cash Flow
Attachment 6 — Bond Debt Service
Going over our three baskets/institutions:
STIF interest rates
Averages for Jan 4.46%, Feb 4.44%, Mar 4.43%
M&T’s Savings interest is at 3.25%.
Fidelity account activities:
JAN: 100K GS CD matured. Purchased one mil treasury maturing 4/2025, 64K treasury
maturing 10/2029, 105K treasury maturing 12/2029 and 16K treasury maturing 11/2034.
FEB: one mil treasury matured. Purchased 23K treasury maturing 11/2034.
MAR: 100K agency were called. Purchased 240K Truist CD maturing 6/2025, 240K Mizrahi
CD maturing 6/2025, 76K Goldman Sachs CD maturing 3/2028, 240K Bank of China CD maturing
6/2025, 240K Third Fed S&L CD maturing 6/2025 and 125K treasury maturing 2/2030.
Please see Attachment 2 combined, the monthly running of WAM, WAY, and Annualized
ALPHA to get a more accurate picture of our portfolio.
‘As you observe our ALPHA, which measures performance, | underperformed our benchmark
in Jan, Feb and Mar by (-.70%, -.69% and -,71%, respectively). Our Weighted Average Yield (WAY)
is 3.72% in Mar of 2025.

Attachments 3 & 4 show our interest income with comparable amounts from previous years.
FY 2025 3°¢ quarter of $3,092,248 vs FY 2024 3" quarter of $3,664,194...we achieved this result
with $8,525,739 less in cash positions. ..3/31/2024 $87,622,292 vs 3/31/2025 $79,096,553....1 backed
out Hammond Memorial.
seer
3/31/2024 $87,739,063 - $116,771 = $87,622,292
3/31/2025 $79,207,694 - $111,141 = $79,096,553
$87,622,292 - $79,096,553 = $8,525,739
.- please see Attachment |, bottom of the page. ..quarterly cash positions-year over year.
eee
Please see Attachment 5, our estimated General Fund cash flows for FY 2025.
Please see Attachment 6, our updated bond debt service.
Itis an honor and a pleasure to be in my position as treasurer; | welcome any questions or
suggestions.
Sincerely Yours,
lb Da
< / Abbas Danesh — Treasurer
-.my next quarterly report will be in July 2025,

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[Attachment 6
BOND DEBT SERVICE
|Outstanding Debt Service Post 2020 Taxable Refund
Town of Waterford, Connecticut
Fiscal Year Principal
2026 $6,645,000
2027 $6,395,000
2028 $5,545,000
2029 $5,770,000
2030 $5,375,000
2031 $5,340,000
2032 $3,635,000
2033 $3,570,000
2034 $1,585,000
2035 $680,000
2036 $680,000
2037 $680,000
2038 $680,000
2039 $680,000
2040 $680,000
2041 $680,000
$48,620,000
Interest
$1,319,500
$1,083,426
$829,375
$632,762
$482,770
$344,138
$239,800
$166,780
$114,224
$91,800
$78,200
$64,600
$50,575
$36,125
$21,675
$7,225
$5,562,973
Debt Service
$7,964,500
$7,478,426
$6,374,375)
$6,402,762}
$5,857,770)
$5,684,138
$3,874,800
$3,736,780)
$1,699,224)
$771,800)
$758,200)
$744,600)
$730,575)
$716,125)
$701,675)
$687,225)
$54,182,973