August 2024 Financial Reports

Contributed Gifts Fund
August 31, 2024
R&P 
R&P 
R&P
R&P
R&P
 MEMORIAL
FRANCES X.
CIVIC
DEIDRICK
HELMET
R&P
TREES &
 SWEENEY
R&P
R&P
TRIANGLE
R&P
FIELD PRESS 
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
FISCAL YEAR 2025
DONATIONS DONATIONS DONATIONS DONATIONS DONATIONS
DONATIONS
DONATIONS DONATIONS
DONATIONS
REVENUES
REC & PARKS PLAYGROUND DONATIONS
$10,000.00
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
TOTAL REVENUES
$0.00
$0.00
$0.00
$0.00
$0.00
$10,000.00
$0.00
$0.00
$0.00
EXPENDITURES
08/16/24  LETS CORP 
08/04/24 JP MORGAN CHASE
08/04/24 JP MORGAN CHASE
08/30/24 MARK KOSMAN DESIGN
TOTAL EXPENDITURES
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
NET CURRENT YEAR ACTIVITY
$0.00
$0.00
$0.00
$0.00
$0.00
$10,000.00
$0.00
$0.00
$0.00
PRIOR YEAR BALANCE
$594.72
$129.60
($1,053.61)
$65.00
$760.97
$60,486.32
$1,140.00
$220.00
$8,310.00
CURRENT YEAR BALANCE
$594.72
$129.60
($1,053.61)
$65.00
$760.97
$70,486.32
$1,140.00
$220.00
$8,310.00
Page 1 of 2

Contributed Gifts Fund
August 31, 2024
FISCAL YEAR 2025
REVENUES
REC & PARKS PLAYGROUND DONATIONS
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
TOTAL REVENUES
EXPENDITURES
08/16/24  LETS CORP 
08/04/24 JP MORGAN CHASE
08/04/24 JP MORGAN CHASE
08/30/24 MARK KOSMAN DESIGN
TOTAL EXPENDITURES
NET CURRENT YEAR ACTIVITY
PRIOR YEAR BALANCE
CURRENT YEAR BALANCE
FINANCE
POLICE
POLICE
POLICE
POLICE
POLICE
R&P
DEPT.
DEPT.
DEPT.
DEPT.
PUBLIC 
CEMETERY
AUDITORIUM
AUSTISM
VEHICLE
K-9
GENERAL 
SAFETY
DONATIONS
A/V UPGRADE TRAINING  CHALLENGE  PROGRAM DONATIONS
 DOCK
TOTAL
$50.00
$651.59
$0.00
$0.00
$0.00
$0.00
$50.00
$651.59
$0.00
$10,701.59
$4,995.00
$180.47
$42.50
$241.00
$0.00
$0.00
$0.00
$0.00
$283.50
$5,175.47
$0.00
$5,458.97
$0.00
$0.00
$0.00
$0.00
($233.50)
($4,523.88)
$0.00
$5,242.62
$100.00
$151.00
$1,700.00
$780.11
$4,424.54
$13,239.38
$7.04
$91,055.07
$100.00
$151.00
$1,700.00
$780.11
$4,191.04
$8,715.50
$7.04
$96,297.69
Page 2 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH AUGUST 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  AUGUST 31, 2023
FISCAL YEAR 2025
FISCAL YEAR 2025
VARIANCE
FISCAL YEAR
FISCAL YEAR 2025
FISCAL YEAR 2025
PERCENT
FAVORABLE
2023-2024
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
GENERAL GOVERNMENT
Board of Selectmen
$206,405
$30,347
14.70%
176,058
$27,442
Registrar of Voters
$96,525
$22,581
23.39%
73,944
$12,629
Board of Finance
$80,713
$77,124
95.55%
3,589
$65,168
Assessor
$311,713
$45,120
14.47%
266,593
$38,333
Board of Assessment Appeals
$1,742
$169
9.71%
1,573
$13
Tax Collector
$232,331
$60,963
26.24%
171,368
$51,211
Finance Department
$767,856
$220,537
28.72%
547,319
$194,954
Legal Department
$295,000
($1,311)
-0.44%
296,311
$70,440
Town Clerk
$264,849
$61,965
23.40%
202,884
$54,351
Planning and Zoning
$686,543
$103,300
15.05%
583,243
$86,116
Building Maintenance
$895,824
$429,323
47.92%
466,501
$328,705
Insurance
$4,962,182
$1,784,223
35.96%
3,177,959
$1,342,632
Economic Development Commission
$25,267
$9,583
37.93%
15,684
$9,419
Conservation Commission
$18,250
$1,306
7.16%
16,944
$1,211
Zoning Board of Appeals
$4,310
2,980
69.15%
1,330
2,969
Retirement Commission
$7,760,257
$2,984,824
38.46%
4,775,433
$2,323,790
R.T.M.
$18,903
$13,137
69.50%
5,766
$13,304
Building Department
$326,532
$48,733
14.92%
277,799
$41,039
Youth Service Bureau
$294,579
$51,564
17.50%
243,015
$62,324
Social Service Grants/Miscellaneous
$98,960
$89,759
90.70%
9,201
$125,214
Contingency Fund
$191,273
0
0.00%
191,273
0
Emergency Management
$1,196,762
$176,592
14.76%
1,020,170
$142,664
Fire Services
$3,681,652
$1,346,518
36.57%
2,335,134
$1,204,698
Police Department
$7,015,644
$1,179,370
16.81%
5,836,274
$974,938
Public Works Department
$5,086,238
$1,992,028
39.17%
3,094,210
$1,567,716
Conservation of Health
$148,407
148,407
100.00%
0
148,407
Public Health Nursing
$26,297
52,594
200.00%
(26,297)
10,000
Senior Citizens Commission
$481,248
77,593
16.12%
403,655
99,983
Waterford Public Library
$1,006,837
$163,216
16.21%
843,621
$175,681
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH AUGUST 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  AUGUST 31, 2023
FISCAL YEAR 2025
FISCAL YEAR 2025
VARIANCE
FISCAL YEAR
FISCAL YEAR 2025
FISCAL YEAR 2025
PERCENT
FAVORABLE
2023-2024
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
Recreation and Parks
$1,480,330
$447,587
30.24%
1,032,743
$366,730
Flood and Erosion Control Bd.
$1,109
0
0.00%
1,109
0
Ethics Commission
$900
205
22.73%
695
47
Human Resources
$264,204
$112,553
42.60%
151,651
$101,268
Information Technology
$1,231,423
$339,608
27.58%
891,815
$570,814
Transfer to Waterford Special Activity Fund
$4,750
$4,750
100.00%
0
$4,750
Transfer to Waterford Shellfish Fund
$1,290
$1,290
100.00%
0
$4,134
Transfer to Capital Improvement Fund
$1,430,335
$1,430,335
100.00%
0
$2,502,902
Transfer to Capital & Non-Recurring Fund
$938,399
$938,399
100.00%
0
$581,250
Transfer to Dog Fund
$100,000
$100,000
100.00%
0
$100,000
Debt Service
$8,109,746
$6,529,307
80.51%
1,580,439
$6,454,468
Total General Government
$49,745,585
$21,076,579
42.37%
$28,669,006
$19,861,714
Board of Education
$57,611,181
$6,444,210
11.19%
51,166,971
$2,881,332
Total General Fund
$107,356,766
$27,520,788
25.63%
$79,835,978
$22,743,046
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH AUGUST 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  AUGUST 31, 2023
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2024-2025
YEAR
YEAR
2024-2025
2024-2025
PERCENT 2024-2025
2023-2024
BUDGET
ACTUAL
RECEIVED VARIANCE
ACTUAL
STATE OF CONNECTICUT
EDUCATION
EQUALIZED COST SHARING
$326,444
$0
0.00%
(326,444)
$0
HEALTH & WELFARE
$6,359
$0
0.00%
(6,359)
$0
SUB TOTAL
332,803
0
0.00%
(332,803)
0
GENERAL GOVERNMENT
PILOT-DISABLED
1,200
0
0.00%
(1,200)
$0
TIERED PILOT 
347,575
0
0.00%
(347,575)
$0
TAX RELIEF-VETERANS
5,000
0
0.00%
(5,000)
$0
CIVIL PREPAREDNESS
23,000
0
0.00%
(23,000)
$0
TELECOMMUNICATIONS PROPERTY TAX
58,071
0
0.00%
(58,071)
$0
TOWN AID ROADS-IMPROVED
321,360
160,680
50.00%
(160,680)
$160,680
LOCAL CAPITAL IMPROVEMENT (LOCIP)
177,479
0
0.00%
(177,479)
$0
SDE STATE GRANT
14,000
0
0.00%
(14,000)
$3,526
ENHANCEMENT 911
22,500
5,649
25.11%
(16,851)
$5,646
MUNICIPAL REVENUE SHARE GRANT
315,978
0
0.00%
(315,978)
$0
GRANTS FOR MUNICIPAL PROJECTS
34,255
0
0.00%
(34,255)
$0
TOTAL GENERAL GOVERNMENT
1,320,418
166,329
12.60%
(1,154,089)
169,852
TOTAL STATE OF CONNECTICUT
1,653,221
166,329
10.06%
(1,486,892)
169,852
OTHER SOURCES
EDUCATION
RENT & MISCELLANEOUS
1,500
0
0.00%
(1,500)
0
SUB TOTAL
1,500
0
0.00%
(1,500)
0
GENERAL GOVERNMENT
INTEREST & LIENS
381,744
60,509
15.85%
(321,235)
66,634
INTEREST ON INVESTMENTS
2,000,000
498,884
24.94%
(1,501,116)
546,300
RECREATION & PARKS
202,001
89,963
44.54%
(112,038)
153,190
FIRE SERVICES INSPECTIONS & PLAN FEES
7,320
7,670
104.78%
350
0
BUILDING INSPECTOR
530,591
178,066
33.56%
(352,525)
96,122
LICENSE, FEE, PERMIT, FINE
18,320
3,129
17.08%
(15,192)
2,832
LIBRARY
0
281
#DIV/0!
281
286

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH AUGUST 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  AUGUST 31, 2023
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2024-2025
YEAR
YEAR
2024-2025
2024-2025
PERCENT 2024-2025
2023-2024
BUDGET
ACTUAL
RECEIVED VARIANCE
ACTUAL
SALE OF EQUIPMENT
1,000
0
0.00%
(1,000)
0
BULKY WASTE FEES
112,000
25,745
22.99%
(86,255)
22,233
MISCELLANEOUS
50,000
10,864
21.73%
(39,136)
11,400
CONVEYANCE TAX
200,000
74,146
37.07%
(125,854)
55,927
EMS-REG COMM CTR FEES
6,000
0
0.00%
(6,000)
0
PLANNING& ZONING, ZBA, CONSRV COMM
55,980
25,812
46.11%
(30,168)
4,066
TOWN CLERK FEES
175,000
27,651
15.80%
(147,350)
27,448
TIPPING FEES
275,000
0
0.00%
(275,000)
0
RECYCLING
50,000
0
0.00%
(50,000)
0
EUGENE O'NEILL GATE/LEASE REVENUE
10,000
0
0.00%
(10,000)
0
AMBULANCE OPERATING SUBSIDY
6,000
0
0.00%
(6,000)
0
YSB BOE CLERICAL STIPEND
5,000
0
0.00%
(5,000)
0
RENTAL OF BUILDINGS
50,000
14,968
29.94%
(35,032)
13,974
SENIOR SERVICES
10,198
4,659
45.69%
(5,539)
3,264
VERSA KART/BLUE BOXES
8,000
900
11.25%
(7,100)
2,060
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
75,927
75,927
100.00%
0
73,218
SUB TOTAL
4,230,081
1,099,173
25.98%
(3,130,908)
1,078,954
TOTAL OTHER SOURCES
4,231,581
1,099,173
25.98%
(3,132,408)
1,078,954
PROPERTY TAXATION
CURRENT PROPERTY TAX
99,867,307
72,922,334
73.02%
(26,944,973) 71,211,439
PRIOR YEAR TAXES
486,849
12,856
2.64%
(473,993)
13,004
TOTAL PROPERTY TAXATION
100,354,156
72,935,190
72.68%
(27,418,966) 71,224,443
FUND BALANCE APPLIED
1,000,000
0
0.00%
(1,000,000)
0
TOTAL REVENUES
107,238,958
74,200,692
69.19%
(33,038,266) 72,473,249

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
AUGUST 31, 2024
 
REMAINING
BALANCE
FUND 
DESCRIPTION
APPROPRIATION
EXPENDED
BALANCE
PCT EXP
RETURNED
424 DISTRICT MAGNET SCHOOL/EARLY CHLDHD LRN CT
21,248,892.00
21,248,807.19
84.81
100.00%
432 WATERFORD HIGH SCHOOL BUILDING PROJECT
68,362,787.00
67,786,416.66
576,370.34
99.16%
TOTALS
89,611,679.00
89,035,223.85
576,455.15
99.36%
0.00
PRIOR YEAR EXPENDITURES
89,035,223.85
CURRENT YEAR EXPENDITURES
0.00
 

TOWN OF WATERFORD
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
FLEET MANAGEMENT FUND
AS OF  AUGUST 31, 2024
  
Revenues:
   Investment Income
39,861
   Vehicle Rentals
10,775
   Sale of Vehicles
2,025
Total Revenues
52,661
Expenditures:
   Equipment Replacement
171,490
   Vehicle Replacement
1,983,376
Total Expenditures
2,154,866
Excess (Deficiency) of Revenues Over Expenditures
(2,102,205)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(1,102,205)
Fund Balances - Beginning
3,501,938
Fund Balances - Ending
2,399,733

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 AUGUST 31, 2024
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
30125-55738
BOS FY25
FLEET MANAGEMENT PLAN
1,000,000.00
1,000,000.00
0.00
100.0%
1,000,000.00 TO FLEET MANAGEMENT FUND
31117-55803
BLDG MAINT FY17
PARKING LOT -YOUTH SERVICES
300,000.00
39,200.00
260,800.00
13.1%
31118-55803
BLDG MAINT FY18
PARKING LOT -YSB/POLICE 
195,320.00
57,000.00
138,320.00
29.2%
31120-55851
BLDG MAINT FY20
ADA IMPROVEMENTS YSB/PD
87,000.00
38,000.00
49,000.00
43.7%
31120-55852
BLDG MAINT FY20
TOWN HALL BATHROOMS
87,500.00
87,811.29
(311.29)
100.4%
31121-55851
BLDG MAINT FY21
ADA IMPROVEMENTS YSB/PD
80,700.00
15,139.00
65,561.00
18.8%
31122-55819
BLDG MAINT FY22
UST REPLACEMENT               
250,000.00
250,010.00
(10.00)
100.0%
31122-55893
BLDG MAINT FY22
EUGENE O'NEILL  ROOF REPLACE  
60,767.64
60,767.64
0.00
100.0%
31123-55904
BLDG MAINT FY23
UST REPLACEMENT EUGENE O'NEILL
260,000.00
150,353.41
109,646.59
57.8%
31123-55905
BLDG MAINT FY23
UST REPLACEMENT LIBRARY&PUBLIC SAFETY
420,000.00
420,000.00
0.00
100.0%
31123-57857
BLDG MAINT FY23
CIVIC TRIANGLE UPGRADES       
1,285,818.00
1,262,429.72
23,388.28
98.2%
31124-55912
BLDG MAINT FY24
TOWN DOCK REPLACEMENT         
40,000.00
0.00
40,000.00
0.0%
31124-55913
BLDG MAINT FY24
JORDAN PARKHOUSE REPAIRS      
25,000.00
12,750.00
12,250.00
51.0%
31124-55915
BLDG MAINT FY24
SEPTIC REPLMT (EUGENE O'NEILL)
43,500.00
35,154.00
8,346.00
80.8%
31125-55904
BLDG MAINT FY25
UST REPLACEMENT EUGENE O'NEILL
153,000.00
0.00
153,000.00
0.0%
32224-55908
EMERGENCY MANAGEMENT FY24
APCO INTELLICOM GUIDECARD SYST
40,000.00
40,000.00
0.00
100.0%
32224-55909
EMERGENCY MANAGEMENT FY24
EVENTIDE NEXLOGDX RECORDER    
88,701.00
0.00
88,701.00
0.0%
32323-55900
FIRE SERVICES FY23
COHANZIE EMERGENCY GENERATOR
57,000.00
57,000.00
0.00
100.0%
32323-55907
FIRE SERVICES FY23
PAGERS UPGRADE/REPLACEMENT
25,000.00
24,862.95
137.05
99.5%
32325-55916
FIRE SERVICES FY25
COHANZIE SKYLIGHT REPLACEMENT 
30,000.00
30,000.00
0.0%
32925-55918
POLICE DEPT FY25
CELL BLOCK/KITCHEN UPDATE     
25,575.00
23,250.00
2,325.00
90.9%
32925-55919
POLICE DEPT FY25
FIREARMS/LASER SITE TRANSITION
53,289.00
47,918.59
5,370.41
89.9%
33020-55850
PUBLIC WORKS FY20
CROSS ROAD                    
2,754,000.00
2,014,851.37
739,148.63
73.2%
33020-59300
PUBLIC WORKS FY20
FUNDING OFFSET-CROSS ROAD                    
(2,754,000.00)
(2,754,000.00)
0.00
100.0%
33022-55882
PUBLIC WORKS FY22
NORMAN/CONCRETE PANELS        
80,100.00
128,203.68
(48,103.68)
160.1%
33022-55883
PUBLIC WORKS FY22
WILLIAM ST CONCRETE SIDEWALK 
42,300.00
31,331.47
10,968.53
74.1%
33022-55884
PUBLIC WORKS FY22
SUMMER STREET/CONCRETE SW     
33,420.00
11,787.17
21,632.83
35.3%
33022-55885
PUBLIC WORKS FY22
DAVID STREET/CONCRETE SW      
43,680.00
32,290.09
11,389.91
73.9%
33023-55890
PUBLIC WORKS FY23
ROAD RESURFACING EVERSOURCE AF
315,951.00
(449,026.83)
764,977.83
-142.1%
Page 1 of 2

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 AUGUST 31, 2024
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
33023-55901
PUBLIC WORKS FY23
CURB REPLACEMENT SANDY HOLLW
319,300.00
229,119.68
90,180.32
71.8%
33024-55911
PUBLIC WORKS FY24
BLOOMINGDALE/HUNTS BRK CULVERT
15,000.00
15,000.00
0.00
100.0%
33024-55914
PUBLIC WORKS FY24
ROTARY LIFT REPLACEMENTS      
75,000.00
74,972.00
28.00
100.0%
33025-55920
PUBLIC WORKS FY25
NIANTIC RIVER ROAD SIDEWALK RE
25,000.00
0.00
25,000.00
0.0%
33122-55894
UTILITY COMM FY22
CONTROL PANEL RETRO-FIT (GORMA
30,000.00
29,378.69
621.31
97.9%
33123-55019
UTILITY COMM FY23
CONTRACT #1 SEWER INTERCEPTOR EASEMENT ACCESS
250,000.00
75,200.00
174,800.00
30.1%
33123-55895
UTILITY COMM FY23
ROOF & SIDING REPLACEMENT     
50,000.00
34,587.16
15,412.84
69.2%
33720-55855
REC & PARKS FY20
TOWN HALL BASKETBALL COURT REP
249,808.00
0.00
249,808.00
0.0%
33722-55896
REC & PARKS FY22
EQUIPMENT STORAGE PLAN        
21,000.00
16,750.00
4,250.00
79.8%
33723-55838
REC & PARKS FY23
CHILDREN'S PLAYGROUND
40,000.00
0.00
40,000.00
0.0%
33725-55838
REC & PARKS FY25
STENGER PARK BATHROOM & WALKWAY
10,500.00
10,500.00
0.0%
34723-55021
INFORMATION TECHNOLOGY  FY23
AUDITORIUM MEETING ROOM UPDATES
272,000.00
93,127.62
178,872.38
34.2%
34724-55910
INFORMATION TECHNOLOGY  FY24
NEXGEN TRANSITION             
309,520.00
302,783.90
6,736.10
97.8%
34725-55917
INFORMATION TECHNOLOGY  FY24
CONTENT FILTER UPGRADE/REPLACE
15,163.00
11,598.77
3,564.23
76.5%
TOTALS
6,805,912.64
3,519,601.37
3,286,311.27
51.7%
1,000,000.00
PRIOR YEAR EXPENDITURES
2,523,101.04
CURRENT YEAR EXPENDITURES
996,500.33
Page 2 of 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2024 TO JUNE 30,2025
AS OF AUGUST 31,2024
BEGINNING 
FY25 RTM
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2024-2025
ENCUMBERED/
INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
INC
APPROPRIATED
DESIGNATED UNDESIGNATED
20501-57018
PURCHASE 8 GOSHEN ROAD
$6,314.00
$0.00
$0.00
$6,314.00
$0.00
$0.00
20501-57639
REVALUATION
$0.00
$407,700.00
$0.00
$125,000.00
$0.00
$532,700.00
$0.00
20511-57740
COHANZIE SCHOOL REMEDIATION &
$0.00
$0.00
$0.00
$40,000.00
$0.00
$40,000.00
$0.00
20511-57767
NEVINS COTTAGE STRUCTURAL REPAIRS
$20,715.00
$100,000.00
$0.00
$20,715.00
$100,000.00
$0.00
20511-57840
PLAN OF CONSERVATION DEVELOPMENT
$10,914.86
$0.00
$0.00
$10,914.86
$0.00
$0.00
$0.00
20511-57870
MAGO POINT IMPROVEMENTS       
$0.00
$374,500.00
$0.00
$0.00
$374,500.00
$0.00
20511-57871
PUBLIC SAFETY BLDG  HVAC      
$0.00
$62,045.00
$0.00
$0.00
$62,045.00
$0.00
20511-57872
ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$61,169.20
$0.00
$0.00
$49,500.00
$11,669.20
$0.00
$0.00
20511-57874
RECONDITION ELEVATORS -TOWN HALL/YOUTH SERVICES BLDG
$268,133.85
$0.00
$0.00
$239,565.00
$28,568.85
$0.00
$0.00
20511-57876
SW SCHOOL UNDERGROUND TANK
$81,841.49
$0.00
$0.00
$2,273.22
$79,568.27
$0.00
$0.00
20511-57879
TOWN HALL BATHROOM REFURBISHMENT
$214,827.04
$0.00
$0.00
$142,780.69
$72,046.35
$0.00
$0.00
20511-57885
COMMUNITY CENTER BMS PROJECT
$51,050.00
$0.00
$0.00
$51,050.00
$0.00
$0.00
20511-57889
PUBLIC SAFETY COMPLEX HVAC    
$0.00
$0.00
$0.00
$100,000.00
$0.00
$100,000.00
$0.00
20522-57794
MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$290,569.50
$3,683.00
$0.00
$290,528.55
$40.95
$3,683.00
$0.00
20522-57887
FARGO WATER TANK ANTENNA
$48,998.00
$0.00
$0.00
$48,997.26
$0.74
$0.00
$0.00
20523-57777
FIRE SERVICES -SCBA UPGRADE PROGRAM
$18.56
$0.00
$0.00
$50,000.00
$0.00
$50,018.56
$0.00
$0.00
20523-57791
JORDAN-TRAFFIC LIGHT UPGRADE
$0.00
$25,000.00
$0.00
$0.00
$25,000.00
$0.00
20523-57792
OSWEGATCHIE-BUILDING RENOVATIONS
$602,241.42
$0.00
$0.00
$602,241.42
$0.00
$0.00
20523-57836
FIRE SERVICES CARPET REPLACEMENT
$0.00
$30,000.00
$0.00
$0.00
$30,000.00
$0.00
20523-57838
FIRE SERVICES PRE EMPTION LIGHT REPAIRS
$0.00
$50,000.00
$0.00
($50,000.00)
$0.00
$0.00
$0.00
20523-57888
GOSHEN ROOF REPLACEMENT       
$0.00
$0.00
$0.00
$60,000.00
$0.00
$60,000.00
$0.00
20530-57695
MUNICIPAL COMPLEX RENOVATION
$368,087.81
$6,100,833.00
$0.00
$368,087.81
$6,100,833.00
$0.00
20507-59205
FUNDING OFFSETS DEBT SERVICE-MUNICIPAL COMPLEX
($1,251,500.00)
($6,000,000.00)
$0.00
($1,251,500.00)
($6,000,000.00)
$0.00
20530-57696
MUNICIPAL COMPLEX CLEAN UP
$4,370.23
$0.00
$0.00
$4,370.23
$0.00
$0.00
20530-57880
MAJOR/MINOR COLLECTOR ROAD PAVING
$855,873.25
$0.00
$0.00
$573,831.18
$282,042.07
$0.00
$0.00
20530-57886
OLD NORWICH ROAD PAVING
$1,053,000.00
$0.00
$0.00
$1,053,000.00
$0.00
$0.00
20531-57685
I/I MITIGATION & CONTROL
$261,737.99
$0.00
$0.00
$24,523.60
$237,214.39
$0.00
$0.00
20531-57816
OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB
$1,276,718.83
$0.00
$0.00
$1,116,122.92
$160,595.91
$0.00
$0.00
20531-57881
PLASTIC WATER SERVICE LINE REPLACEMENT
$491,803.64
$100,000.00
$0.00
$100,000.00
$46,620.18
$445,183.46
$200,000.00
$0.00
20531-57890
WEIMES & MARILYN EJECTOR REPL 
$0.00
$0.00
$0.00
$19,800.00
$0.00
$19,800.00
$0.00
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2024 TO JUNE 30,2025
AS OF AUGUST 31,2024
BEGINNING 
FY25 RTM
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2024-2025
ENCUMBERED/
INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
INC
APPROPRIATED
DESIGNATED UNDESIGNATED
20536-57848
LIBRARY HVAC UPGRADE          
$1,091,200.00
$0.00
$0.00
$120,000.00
$971,200.00
$0.00
$0.00
20500-49000
CT PUBLIC LIBRARY CONSTRUCTION GRANT
$0.00
($250,000.00)
$0.00
$0.00
($250,000.00)
$0.00
20537-57735
LEARY PARK ROAD /PARKING LOT
$0.00
$20,000.00
$0.00
$0.00
$20,000.00
$0.00
20537-57878
REPAIR OF PLEASURE BEACH SIDEWALK/PATH
$0.00
$0.00
$0.00
$145,000.00
$0.00
$145,000.00
$0.00
20541-57328
ALEWIFE COVE DREDGING
$0.00
$37,500.00
$0.00
$0.00
$37,500.00
$0.00
20547-57847
TOWN-WIDE CAMERA SYSTEM
$84,914.00
$86.00
$0.00
$84,914.00
$0.00
$86.00
$0.00
20547-57860
PHONE SYSTEM UPGRADE
$44,076.06
$16,000.00
$0.00
$44,076.06
$16,000.00
$0.00
20547-57861
SWITCHES
$0.00
$2,258.00
$0.00
$0.00
$2,258.00
$0.00
20547-57882
COMPUTER REPLACEMENTS
$0.65
$8,069.00
$0.00
$20,264.00
$0.65
$28,333.00
$0.00
20500-43600
TURF FIELD RENTAL REVENUES
$0.00
$4,815.00
$0.00
$0.00
$4,815.00
$0.00
20560-55020
CLMS CHILLER REPLACEMENTS
$929,774.04
$0.00
$0.00
$859,545.00
$70,229.04
$0.00
$0.00
20560-57822
IT LEARNING BOARDS -END OF LIFE
$14,202.10
$27,319.88
$0.00
$14,202.10
$27,319.88
$0.00
20560-57828
QH 10-YR RETRO COMMISSIONING
$0.00
$30,000.00
$0.00
$0.00
$30,000.00
$0.00
20560-57833
TENNIS COURTS
$0.00
$52,300.00
$0.00
$0.00
$52,300.00
$0.00
20560-57841
BUS LOT OFFICE
$0.00
$150,000.00
$0.00
$0.00
$150,000.00
$0.00
20560-57842
SCHOOL SECURITY
$1,899,160.74
$0.00
$0.00
$1,618,941.15
$280,219.59
$0.00
$0.00
20560-57883
FINANCING ENERGY EFFICIENT EQUIPMENT
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
20560-57884
CHROMEBOOK & IPAD EQUIPMENT
$608.00
$0.00
$0.00
$608.00
$0.00
$0.00
20560-57891
ENERGY EFFICIENCY PROGRAM     
$0.00
$0.00
$0.00
$243,335.00
$0.00
$243,335.00
$0.00
20560-57892
HVAC EVALUATION/REMIDATION    
$0.00
$0.00
$0.00
$85,000.00
$0.00
$85,000.00
$0.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$693,566.03
$105,983.74
$0.00
$0.00
$799,549.77
 
$8,780,820.26
$1,352,108.88
$693,566.03
$938,399.00
$50,000.00
($50,000.00)
$0.00
$5,229,057.61
$105,983.74
$3,601,762.65
$2,240,507.88
$799,549.77
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF AUGUST 31, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20501-57018 PURCHASE 8 GOSHEN ROAD
$6,314.00
$0.00
$0.00
$6,314.00
20501-57639 REVALUATION
$0.00
$532,700.00
$0.00
$532,700.00
20511-57740 COHANZIE SCHOOL REMEDIATION &
$0.00
$40,000.00
$0.00
$40,000.00
20511-57767 NEVINS COTTAGE STRUCTURAL REPAIRS
$20,715.00
$100,000.00
$0.00
$120,715.00
20511-57870 MAGO POINT IMPROVEMENTS       
$0.00
$374,500.00
$0.00
$374,500.00
20511-57871 PUBLIC SAFETY BLDG  HVAC      
$0.00
$62,045.00
$0.00
$62,045.00
20511-57872 ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$11,669.20
$0.00
$0.00
$11,669.20
20511-57874 RECONDITION ELEVATORS -TOWN HALL/YOUTH SERVICES BLDG
$28,568.85
$0.00
$0.00
$28,568.85
20511-57876 SW SCHOOL UNDERGROUND TANK
$79,568.27
$0.00
$0.00
$79,568.27
20511-57879 TOWN HALL BATHROOM REFURBISHMENT
$72,046.35
$0.00
$0.00
$72,046.35
20511-57885 COMMUNITY CENTER BMS PROJECT
$51,050.00
$0.00
$0.00
$51,050.00
20511-57889 PUBLIC SAFETY COMPLEX HVAC    
$0.00
$100,000.00
$0.00
$100,000.00
20522-57794 MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$40.95
$3,683.00
$0.00
$3,723.95
20522-57887 FARGO WATER TANK ANTENNA
$0.74
$0.00
$0.00
$0.74
20523-57777 FIRE SERVICES -SCBA UPGRADE PROGRAM
$50,018.56
$0.00
$0.00
$50,018.56
20523-57791 JORDAN-TRAFFIC LIGHT UPGRADE
$0.00
$25,000.00
$0.00
$25,000.00
20523-57792 OSWEGATCHIE-BUILDING RENOVATIONS
$602,241.42
$0.00
$0.00
$602,241.42
20523-57836 FIRE SERVICES CARPET REPLACEMENT
$0.00
$30,000.00
$0.00
$30,000.00
20523-57888 GOSHEN ROOF REPLACEMENT       
$0.00
$60,000.00
$0.00
$60,000.00
20530-57695 MUNICIPAL COMPLEX RENOVATION
$368,087.81
$6,100,833.00
$0.00
$6,468,920.81
20507-59205 FUNDING OFFSETS DEBT SERVICE-MUNICIPAL COMPLEX
($1,251,500.00)
($6,000,000.00)
$0.00
($7,251,500.00)
20530-57696 MUNICIPAL COMPLEX CLEAN UP
$4,370.23
$0.00
$0.00
$4,370.23
20530-57880 MAJOR/MINOR COLLECTOR ROAD PAVING
$282,042.07
$0.00
$0.00
$282,042.07
20530-57886 OLD NORWICH ROAD PAVING
$1,053,000.00
$0.00
$0.00
$1,053,000.00
20531-57685 I/I MITIGATION & CONTROL
$237,214.39
$0.00
$0.00
$237,214.39
20531-57816 OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB
$160,595.91
$0.00
$0.00
$160,595.91
20531-57881 PLASTIC WATER SERVICE LINE REPLACEMENT
$445,183.46
$200,000.00
$0.00
$645,183.46
20531-57890 WEIMES & MARILYN EJECTOR REPL 
$0.00
$19,800.00
$0.00
$19,800.00
20536-57848 LIBRARY HVAC UPGRADE          
$971,200.00
$0.00
$0.00
$971,200.00
20500-49000 CT PUBLIC LIBRARY CONSTRUCTION GRANT
$0.00
($250,000.00)
$0.00
($250,000.00)
20537-57735 LEARY PARK ROAD /PARKING LOT
$0.00
$20,000.00
$0.00
$20,000.00
20537-57878 REPAIR OF PLEASURE BEACH SIDEWALK/PATH
$0.00
$145,000.00
$0.00
$145,000.00
20541-57328 ALEWIFE COVE DREDGING
$0.00
$37,500.00
$0.00
$37,500.00
20547-57847 TOWN-WIDE CAMERA SYSTEM
$0.00
$86.00
$0.00
$86.00
20547-57860 PHONE SYSTEM UPGRADE
$44,076.06
$16,000.00
$0.00
$60,076.06
20547-57861 SWITCHES
$0.00
$2,258.00
$0.00
$2,258.00
20547-57882 COMPUTER REPLACEMENTS
$0.65
$28,333.00
$0.00
$28,333.65
20500-43600 TURF FIELD RENTAL REVENUES
$0.00
$4,815.00
$0.00
$4,815.00
20560-55020 CLMS CHILLER REPLACEMENTS
$70,229.04
$0.00
$0.00
$70,229.04
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF AUGUST 31, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20560-57822 IT LEARNING BOARDS -END OF LIFE
$14,202.10
$27,319.88
$0.00
$41,521.98
20560-57828 QH 10-YR RETRO COMMISSIONING
$0.00
$30,000.00
$0.00
$30,000.00
20560-57833 TENNIS COURTS
$0.00
$52,300.00
$0.00
$52,300.00
20560-57841 BUS LOT OFFICE
$0.00
$150,000.00
$0.00
$150,000.00
20560-57842 SCHOOL SECURITY
$280,219.59
$0.00
$0.00
$280,219.59
20560-57884 CHROMEBOOK & IPAD EQUIPMENT
$608.00
$0.00
$0.00
$608.00
20560-57891 ENERGY EFFICIENCY PROGRAM     
$0.00
$243,335.00
$0.00
$243,335.00
20560-57892 HVAC EVALUATION/REMIDATION    
$0.00
$85,000.00
$0.00
$85,000.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$799,549.77
$799,549.77
TOTAL
$3,601,762.65
$2,240,507.88
$799,549.77
$6,641,820.30
 
Page 2

Insurance 
Administration Fund
Balance Sheet
August 31, 2024
Assets
   Cash and Cash Equivalents
4,182,859
   Accounts Receivable
2,907
Total Assets
4,185,766
Liabilities
   Accrued Liabilities (IBNR)
727,000
   Due to other funds
899,311
   Advance Payments
11,601
Total Liabilities
1,637,912
Net Assets
   Unrestricted
$2,547,854
Total Net Assets
$
$2,547,854
Note: IBNR is not adjusted for FY24 yet; Healthcare entry for FY25 is not posted yet