August 2025 Financial Reports

Contributed Gifts Fund
August 31, 2025
R&P 
R&P 
R&P
R&P
FINANCE
POLICE
POLICE
POLICE
POLICE
POLICE
R&P
 MEMORIAL
FRANCES X.
CIVIC
DEIDRICK
HELMET
R&P
TREES &
 SWEENEY
R&P
R&P
TRIANGLE
R&P
FIELD PRESS 
R&P
R&P
DEPT.
DEPT.
DEPT.
DEPT.
PUBLIC 
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
CEMETERY
GOLF CART
AUDITORIUM
AUSTISM
VEHICLE
K-9
GENERAL 
SAFETY
FISCAL YEAR 2026
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
A/V UPGRADE
TRAINING  CHALLENGE
 PROGRAM
DONATIONS
 DOCK
TOTAL
REVENUES
REC & PARKS MEMORIAL TREES & BENCHES 
DONATIONS
$785.00
POLICE DEPT. GENERAL DONATIONS
$250.00
TOTAL REVENUES
$0.00
$0.00
$785.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$250.00
$0.00
$1,035.00
EXPENDITURES
07/26/2025 U.S. BANK
$151.00
07/26/2025 U.S. BANK
$37.99
07/26/2025 U.S. BANK
$296.90
08/25/2025 U.S. BANK
$15.98
08/29/25 ADP IMPORT
$100.00
08/15/25 MARK KOSMAN DESIGN
$140.00
TOTAL EXPENDITURES
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$151.00
$0.00
$0.00
$177.99
$412.88
$0.00
$741.87
NET CURRENT YEAR ACTIVITY
$0.00
$0.00
$785.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
($151.00)
$0.00
$0.00
($177.99)
($162.88)
$0.00
$293.13
PRIOR YEAR BALANCE
$594.72
$129.60
($73.61)
$65.00
$987.97
$71,486.32
$1,140.00
$220.00
$2,910.00
$100.00
$2,440.00
$151.00
$1,700.00
$780.11
$9,427.35
$13,700.20
$7.04
$105,765.70
CURRENT YEAR BALANCE
$594.72
$129.60
$711.39
$65.00
$987.97
$71,486.32
$1,140.00
$220.00
$2,910.00
$100.00
$2,440.00
$0.00
$1,700.00
$780.11
$9,249.36
$13,537.32
$7.04
$106,058.83
Page 1 of 1

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2025-2025, THROUGH AUGUST 31, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  AUGUST 31, 2024
FISCAL YEAR 2026
FISCAL YEAR 2026
VARIANCE
FISCAL YEAR
FISCAL YEAR 2026
FISCAL YEAR 2026
PERCENT
FAVORABLE
2024-2025
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
GENERAL GOVERNMENT
Board of Selectmen
206,402
$31,654
15.34%
174,748
$30,347
Registrar of Voters
121,255
$13,193
10.88%
108,062
$22,581
Board of Finance
83,608
$80,077
95.78%
3,531
$77,124
Assessor
319,641
$68,581
21.46%
251,060
$45,120
Board of Assessment Appeals
1,829
$142
7.79%
1,687
$169
Tax Collector
227,817
$64,163
28.16%
163,654
$60,963
Finance Department
784,326
$238,027
30.35%
546,299
$220,537
Legal Department
295,000
($2,701)
-0.92%
297,701
($1,311)
Town Clerk
272,301
$60,708
22.29%
211,593
$61,965
Planning and Zoning
695,016
$93,582
13.46%
601,434
$103,300
Building Maintenance
1,020,000
$354,998
34.80%
665,002
$429,323
Insurance
5,604,561
$2,465,561
43.99%
3,139,000
$1,784,223
Economic Development Commission
25,352
$9,427
37.18%
15,925
$9,583
Conservation Commission
18,250
$9,832
53.88%
8,418
$1,306
Zoning Board of Appeals
4,310
2,960
68.68%
1,350
2,980
Retirement Commission
7,200,257
$2,283,433
31.71%
4,916,824
$2,984,824
R.T.M.
17,403
$13,596
78.12%
3,807
$13,137
Building Department
321,515
$45,163
14.05%
276,352
$48,733
Youth Service Bureau
307,435
$45,975
14.95%
261,460
$51,564
Social Service Grants/Miscellaneous
101,481
$100,830
99.36%
651
$89,759
Contingency Fund
257,887
0
0.00%
257,887
0
Emergency Management
1,230,035
$189,196
15.38%
1,040,839
$176,592
Fire Services
3,958,130
$1,303,150
32.92%
2,654,980
$1,346,518
Police Department
7,122,210
$1,032,752
14.50%
6,089,458
$1,179,370
Public Works Department
5,154,902
$1,877,610
36.42%
3,277,292
$1,992,028
Conservation of Health
155,063
155,063
100.00%
0
148,407
Public Health Nursing
21,600
0
0.00%
21,600
52,594
Senior Citizens Commission
523,586
86,819
16.58%
436,767
77,593
Waterford Public Library
1,012,780
$152,148
15.02%
860,632
$163,216
Recreation and Parks
1,535,328
$413,947
26.96%
1,121,381
$447,587
Flood and Erosion Control Bd.
1,109
67
6.05%
1,042
0
Ethics Commission
900
34
3.73%
866
205
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2025-2025, THROUGH AUGUST 31, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  AUGUST 31, 2024
FISCAL YEAR 2026
FISCAL YEAR 2026
VARIANCE
FISCAL YEAR
FISCAL YEAR 2026
FISCAL YEAR 2026
PERCENT
FAVORABLE
2024-2025
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
Human Resources
244,204
$88,834
36.38%
155,370
$112,553
Information Technology
1,214,796
$697,352
57.40%
517,444
$339,608
Transfer to Waterford Special Activity Fund
0
$0
0.00%
0
$4,750
Transfer to Waterford Shellfish Fund
2,029
$2,029
100.00%
0
$1,290
Transfer to Capital Improvement Fund
1,101,089
$1,101,089
100.00%
0
$1,430,335
Transfer to Capital & Non-Recurring Fund
844,764
$844,764
100.00%
0
$938,399
Transfer to Dog Fund
100,000
$100,000
100.00%
0
$100,000
Debt Service
7,964,500
$6,500,214
81.61%
1,464,287
$6,529,307
Total General Government
$50,072,671
$20,524,267
40.99%
$29,548,404
$21,076,579
Board of Education
59,828,308
$5,499,989
9.19%
54,328,319
$6,444,210
Total General Fund
$109,900,979
$26,024,256
23.68%
$83,876,723
$27,520,789
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2025-2025, THROUGH AUGUST 31, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  AUGUST 31, 2024
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2025-2026
YEAR
YEAR
2025-2026
2025-2026
PERCENT 2025-2026
2024-2025
BUDGET
ACTUAL
RECEIVED VARIANCE
ACTUAL
STATE OF CONNECTICUT
EDUCATION
EQUALIZED COST SHARING
$326,617
$0
0.00%
(326,617)
$0
HEALTH & WELFARE
$6,359
$0
0.00%
(6,359)
$0
SUB TOTAL
332,976
0
0.00%
(332,976)
0
GENERAL GOVERNMENT
PILOT-DISABLED
1,200
0
0.00%
(1,200)
$0
TIERED PILOT 
367,422
0
0.00%
(367,422)
$0
TAX RELIEF-VETERANS
5,000
0
0.00%
(5,000)
$0
CIVIL PREPAREDNESS
35,444
0
0.00%
(35,444)
$0
TELECOMMUNICATIONS PROPERTY TAX
58,071
0
0.00%
(58,071)
$0
TOWN AID ROADS-IMPROVED
321,360
215,440
67.04%
(105,920)
$160,680
LOCAL CAPITAL IMPROVEMENT (LOCIP)
177,241
0
0.00%
(177,241)
$0
SDE STATE GRANT
14,103
0
0.00%
(14,103)
$0
ENHANCEMENT 911
23,000
5,642
24.53%
(17,358)
$5,649
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
1,353,074
221,082
16.34%
(1,131,992)
166,329
TOTAL STATE OF CONNECTICUT
1,686,050
221,082
13.11%
(1,464,968)
166,329
OTHER SOURCES
EDUCATION
TUITION
57,585
0
0.00%
(57,585)
0
RENT & MISCELLANEOUS
1,500
0
0.00%
(1,500)
0
SUB TOTAL
59,085
0
0.00%
(59,085)
0
GENERAL GOVERNMENT
INTEREST & LIENS
413,060
59,648
14.44%
(353,412)
60,509
INTEREST ON INVESTMENTS
2,000,000
402,540
20.13%
(1,597,460)
498,884
RECREATION & PARKS
150,000
148,681
99.12%
(1,319)
89,963
FIRE SERVICES INSPECTIONS & PLAN FEES
8,875
500
5.63%
(8,375)
7,670
BUILDING INSPECTOR
589,155
67,831
11.51%
(521,324)
178,066
LICENSE, FEE, PERMIT, FINE
73,566
4,273
5.81%
(69,293)
3,129
LIBRARY
1,598
278
17.37%
(1,321)
281

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2025-2025, THROUGH AUGUST 31, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  AUGUST 31, 2024
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2025-2026
YEAR
YEAR
2025-2026
2025-2026
PERCENT 2025-2026
2024-2025
BUDGET
ACTUAL
RECEIVED VARIANCE
ACTUAL
SALE OF EQUIPMENT
1,000
0
0.00%
(1,000)
0
SCRRRA REBATE
1,500
0
0.00%
(1,500)
0
NL RADIO COMM. NETWORK USE FEE
85,000
0
0.00%
(85,000)
0
BULKY WASTE FEES
112,000
23,171
20.69%
(88,829)
25,745
MISCELLANEOUS
26,572
15,346
57.75%
(11,226)
10,864
CONVEYANCE TAX
225,000
93,080
41.37%
(131,920)
74,146
EMS-REG COMM CTR FEES
6,000
0
0.00%
(6,000)
0
PLANNING& ZONING, ZBA, CONSRV COMM
55,121
4,779
8.67%
(50,342)
25,812
TOWN CLERK FEES
175,000
31,613
18.06%
(143,388)
27,651
TIPPING FEES
275,000
0
0.00%
(275,000)
0
RECYCLING
50,000
10,597
21.19%
(39,403)
0
EUGENE O'NEILL GATE/LEASE REVENUE
22,000
0
0.00%
(22,000)
0
YSB BOE CLERICAL STIPEND
5,000
0
0.00%
(5,000)
0
RENTAL OF BUILDINGS
50,000
15,150
30.30%
(34,850)
14,968
SENIOR SERVICES
15,552
489
3.14%
(15,063)
4,659
VERSA KART/BLUE BOXES
8,000
1,500
18.75%
(6,500)
900
BOE SCHOOL RESOURCE OFFICERS
90,000
0
0.00%
(90,000)
0
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
78,357
0
0.00%
(78,357)
75,927
SUB TOTAL
4,517,356
879,476
19.47%
(3,637,880)
1,099,174
TOTAL OTHER SOURCES
4,576,441
879,476
19.22%
(3,696,965)
1,099,174
PROPERTY TAXATION
CURRENT PROPERTY TAX
103,023,460
76,878,084
74.62%
(26,145,376)
72,922,334
PRIOR YEAR TAXES
543,528
91,206
16.78%
(452,322)
12,856
TOTAL PROPERTY TAXATION
103,566,988
76,969,290
74.32%
(26,597,698)
72,935,190
TOTAL REVENUES
109,829,479
78,069,848
71.08%
(31,759,631)
74,200,693

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
AUGUST 31, 2025
 
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, 2025
  
Revenues:
   Investment Income
23,559
   Vehicle Rentals
4,900
Total Revenues
28,459
Expenditures:
   Equipment Replacement
184,018
   Vehicle Replacement
1,140,529
Total Expenditures
1,324,547
Excess (Deficiency) of Revenues Over Expenditures
(1,296,088)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(296,088)
Fund Balances - Beginning
2,649,340
Fund Balances - Ending
2,353,252

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
AUGUST 31, 2025
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
30126-55738
BOS FY26
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
85,000.00
215,000.00
28.3%
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
38,364.40
48,635.60
44.1%
31120-55852
BLDG MAINT FY20
TOWN HALL BATHROOMS
87,500.00
87,500.00
0.00
100.0%
31121-55851
BLDG MAINT FY21
ADA IMPROVEMENTS YSB/PD
80,700.00
4,639.00
76,061.00
5.7%
31122-55819
BLDG MAINT FY22
UST REPLACEMENT               
250,000.00
250,010.00
(10.00)
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
419,129.24
870.76
99.8%
31124-55912
BLDG MAINT FY24
TOWN DOCK REPLACEMENT         
40,000.00
25,000.00
15,000.00
62.5%
31124-55913
BLDG MAINT FY24
JORDAN PARKHOUSE REPAIRS      
31,583.00
30,152.24
1,430.76
95.5%
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
89,471.59
63,528.41
58.5%
32224-55908
EMERGENCY MANAGEMENT FY24
APCO INTELLICOM GUIDECARD SYST
40,000.00
20,000.00
20,000.00
50.0%
32224-55909
EMERGENCY MANAGEMENT FY24
EVENTIDE NEXLOGDX RECORDER    
88,701.00
0.00
88,701.00
0.0%
32325-55916
FIRE SERVICES FY25
COHANZIE SKYLIGHT REPLACEMENT 
30,000.00
27,100.00
2,900.00
90.3%
32326-55923
FIRE SERVICES FY26
COHANZIE AIR CONDITIONING     
15,000.00
0.00
15,000.00
0.0%
32926-55924
POLICE DEPT FY26
MARINE UNIT UPDATES           
31,089.00
17,179.74
13,909.26
55.3%
33023-55890
PUBLIC WORKS FY23
ROAD RESURFACING EVERSOURCE AF
315,951.00
(449,026.83)
764,977.83
-142.1%
33025-55920
PUBLIC WORKS FY25
NIANTIC RIVER ROAD SIDEWALK RE
25,000.00
15,000.00
10,000.00
60.0%
33026-55925
PUBLIC WORKS FY26
ROAD RISK ASSESSMENT          
55,000.00
0.00
55,000.00
0.0%
33123-55019
UTILITY COMM FY23
CONTRACT #1 SEWER INTERCEPTOR EASEMENT ACCESS
250,000.00
102,800.00
147,200.00
41.1%
33123-55895
UTILITY COMM FY23
ROOF & SIDING REPLACEMENT     
50,000.00
33,280.52
16,719.48
66.6%
33720-55855
REC & PARKS FY20
TOWN COURT REPAIRS
1,447,058.00
1,446,250.00
808.00
99.9%
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
7,200.00
3,300.00
68.6%
34723-55021
INFORMATION TECHNOLOGY  FY23 AUDITORIUM MEETING ROOM UPDATES
272,000.00
207,641.54
64,358.46
76.3%
TOTALS
5,639,902.00
3,715,948.85
1,923,953.15
65.9%
1,000,000.00
PRIOR YEAR EXPENDITURES
2,393,747.77
CURRENT YEAR EXPENDITURES
1,322,201.08
Page 1 of 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 31,2025
BEGINNING 
FY26 RTM
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2025-2026
ENCUMBERED/
INTEREST 
OTHER 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
INC
REVENUES
APPROPRIATED
DESIGNATED UNDESIGNATED
0.00
0.00
20501-57639
REVALUATION
$0.00
$532,700.00
$0.00
$125,000.00
$0.00
$657,700.00
$0.00
20510-57897
28 INDUSTRIAL DRIVE IMPROVEMENTS
$85,000.00
$0.00
$0.00
$85,000.00
$0.00
$0.00
20511-57740
COHANZIE SCHOOL REMEDIATION &
$0.00
$40,000.00
$0.00
$0.00
$40,000.00
$0.00
20511-57767
NEVINS COTTAGE REPAIRS
$32,513.89
$0.00
$0.00
$10,000.00
$22,513.89
$0.00
$0.00
20511-57840
PLAN OF CONSERVATION DEVELOPMENT
$10,103.66
$0.00
$0.00
($811.20)
$10,914.86
$0.00
$0.00
20511-57870
MAGO POINT IMPROVEMENTS       
$36,347.34
$0.00
$0.00
$141,620.04
($105,272.70)
$0.00
$0.00
20511-57872
ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$52,769.20
$0.00
$0.00
$48,000.00
$4,769.20
$0.00
$0.00
20511-57879
TOWN HALL BATHROOM REFURBISHMENT
$8,026.89
$0.00
$0.00
$5,445.29
$2,581.60
$0.00
$0.00
20511-57889
PUBLIC SAFETY COMPLEX HVAC    
$0.00
$100,000.00
$0.00
$0.00
$100,000.00
$0.00
20522-57794
MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$21,510.50
$3,683.00
$0.00
$21,510.50
$3,683.00
$0.00
20523-57777
FIRE SERVICES -SCBA UPGRADE PROGRAM
$4,168.56
$0.00
$0.00
$50,000.00
$4,168.56
$50,000.00
$0.00
20523-57791
JORDAN-TRAFFIC LIGHT UPGRADE
$35,460.00
$0.00
$0.00
$35,460.00
$0.00
$0.00
$0.00
20523-57792
OSWEGATCHIE-BUILDING RENOVATIONS
$289,797.97
$0.00
$0.00
$42,472.00
$247,325.97
$0.00
$0.00
20523-57836
FIRE SERVICES CARPET REPLACEMENT
$0.00
$30,000.00
$0.00
$0.00
$30,000.00
$0.00
20523-57888
GOSHEN ROOF REPLACEMENT       
$0.00
$60,000.00
$0.00
$0.00
$60,000.00
$0.00
20530-57695
MUNICIPAL COMPLEX RENOVATION
$326,502.39
$6,100,833.00
$0.00
$9,414.58
$317,087.81
$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
20529-57871
POLICE DEPT BLDG  HVAC        
$0.00
$0.00
$0.00
$25,000.00
$0.00
$25,000.00
$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
$223,392.42
$0.00
$0.00
$163,367.05
$60,025.37
$0.00
$0.00
20530-57886
OLD NORWICH ROAD PAVING
$1,053,000.00
$0.00
$0.00
$701,218.50
$351,781.50
$0.00
$0.00
20531-57685
I/I MITIGATION & CONTROL
$235,865.56
$0.00
$0.00
$235,865.56
$0.00
$0.00
20531-57816
OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB
$1,259,606.68
$0.00
$0.00
($125,000.00)
$1,099,010.77
$35,595.91
$0.00
$0.00
20531-57881
PLASTIC WATER SERVICE LINE REPLACEMENT
$411,454.08
$200,000.00
$0.00
$236,585.84
$174,868.24
$200,000.00
$0.00
20531-57890
WEIMES & MARILYN EJECTOR REPLACEMENT
$8,047.17
$0.00
$0.00
$8,047.17
$0.00
$0.00
$0.00
20531-57894
CROSS COUNTRY SEWER MAIN ACCES
$0.00
$0.00
$0.00
$200,000.00
$0.00
$200,000.00
$0.00
20531-57895
WATER TANK MANAGEMENT         
$0.00
$0.00
$0.00
$46,222.00
$0.00
$46,222.00
$0.00
20531-57896
BARTLETT CORNER WATER BOOSTER 
$0.00
$0.00
$0.00
$166,950.00
$0.00
$166,950.00
$0.00
20531-57898
ENGINEERING INTERLOCAL WATER A
$0.00
$0.00
$0.00
$0.00
$125,000.00
$125,000.00
$0.00
$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 31,2025
BEGINNING 
FY26 RTM
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2025-2026
ENCUMBERED/
INTEREST 
OTHER 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
INC
REVENUES
APPROPRIATED
DESIGNATED UNDESIGNATED
0.00
0.00
20536-57848
LIBRARY HVAC UPGRADE          
$1,425,212.24
$0.00
$0.00
$0.00
$1,598,841.00
($173,628.76)
$0.00
$0.00
20500-49000
CT PUBLIC LIBRARY CONSTRUCTION GRANT
$0.00
($250,000.00)
$0.00
$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
$0.00
$20,000.00
$0.00
20537-57798
CHILDREN'S PLAYGROUNG-CIVIC TR
$0.00
$0.00
$0.00
$25,000.00
$0.00
$25,000.00
$0.00
20537-57878
REPAIR OF PLEASURE BEACH SIDEWALK/PATH
$0.00
$145,000.00
$0.00
$0.00
$145,000.00
$0.00
20547-57775
VIRTUAL SERVER REPLACEMENT    
$0.00
$0.00
$0.00
$88,500.00
$0.00
$88,500.00
$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
$28,333.00
$0.00
$46,592.00
$0.65
$74,925.00
$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
20560-57820
WHS TRACK & FIELD REPLACEMENT
$466,600.00
$53,000.00
$0.00
$466,600.00
$0.00
$53,000.00
$0.00
20560-57822
IT LEARNING BOARDS -END OF LIFE
$6.10
$27,319.88
$0.00
$6.10
$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
$856,601.25
$104,200.00
$0.00
$856,601.25
$0.00
$104,200.00
$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
$662,920.18
$0.00
$0.00
$624,010.78
$38,909.40
$0.00
$0.00
20560-57883
FINANCING ENERGY EFFICIENT EQUIPMENT
$243,335.00
$0.00
$0.00
$243,335.00
$0.00
$0.00
20560-57884
CHROMEBOOK & IPAD EQUIPMENT
$197,608.00
$0.00
$0.00
$180,000.00
$17,608.00
$0.00
$0.00
20560-57892
HVAC EVALUATION/REMIDATION    
$0.00
$85,000.00
$0.00
$0.00
$85,000.00
$0.00
20560-57893
GREAT NECK SCHOOL FIELD DRAINAGE
$0.00
$278,750.00
$0.00
$71,500.00
$350,000.00
($350,000.00)
$350,000.00
$250.00
$0.00
20500-49000
TRANSFERS IN 
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$851,970.58
$85,459.19
$0.00
$0.00
$937,429.77
 
$7,628,494.00
$1,745,891.88
$851,970.58
$844,764.00
$350,000.00
($350,000.00)
$0.00
$7,085,428.07
$85,459.19
$0.00
$893,065.93
$2,240,655.88
$937,429.77
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF AUGUST 31, 2025
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20501-57639 REVALUATION
$0.00
$657,700.00
$0.00
$657,700.00
20510-57897 28 INDUSTRIAL DRIVE IMPROVEMENTS
$85,000.00
$0.00
$0.00
$85,000.00
20511-57740 COHANZIE SCHOOL REMEDIATION &
$0.00
$40,000.00
$0.00
$40,000.00
20511-57767 NEVINS COTTAGE REPAIRS
$22,513.89
$0.00
$0.00
$22,513.89
20511-57840 PLAN OF CONSERVATION DEVELOPMENT
$10,914.86
$0.00
$0.00
$10,914.86
20511-57870 MAGO POINT IMPROVEMENTS       
($105,272.70)
$0.00
$0.00
($105,272.70)
20511-57872 ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$4,769.20
$0.00
$0.00
$4,769.20
20511-57879 TOWN HALL BATHROOM REFURBISHMENT
$2,581.60
$0.00
$0.00
$2,581.60
20511-57889 PUBLIC SAFETY COMPLEX HVAC    
$0.00
$100,000.00
$0.00
$100,000.00
20522-57794 MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$21,510.50
$3,683.00
$0.00
$25,193.50
20523-57777 FIRE SERVICES -SCBA UPGRADE PROGRAM
$4,168.56
$50,000.00
$0.00
$54,168.56
20523-57792 OSWEGATCHIE-BUILDING RENOVATIONS
$247,325.97
$0.00
$0.00
$247,325.97
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
$317,087.81
$6,100,833.00
$0.00
$6,417,920.81
20507-59205 FUNDING OFFSETS DEBT SERVICE-MUNICIPAL COMPLEX
($1,251,500.00)
($6,000,000.00)
$0.00
($7,251,500.00)
20529-57871 POLICE DEPT BLDG  HVAC        
$0.00
$25,000.00
$0.00
$25,000.00
20530-57696 MUNICIPAL COMPLEX CLEAN UP
$4,370.23
$0.00
$0.00
$4,370.23
20530-57880 MAJOR/MINOR COLLECTOR ROAD PAVING
$60,025.37
$0.00
$0.00
$60,025.37
20530-57886 OLD NORWICH ROAD PAVING
$351,781.50
$0.00
$0.00
$351,781.50
20531-57685 I/I MITIGATION & CONTROL
$235,865.56
$0.00
$0.00
$235,865.56
20531-57816 OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB
$35,595.91
$0.00
$0.00
$35,595.91
20531-57881 PLASTIC WATER SERVICE LINE REPLACEMENT
$174,868.24
$200,000.00
$0.00
$374,868.24
20531-57894 CROSS COUNTRY SEWER MAIN ACCES
$0.00
$200,000.00
$0.00
$200,000.00
20531-57895 WATER TANK MANAGEMENT         
$0.00
$46,222.00
$0.00
$46,222.00
20531-57896 BARTLETT CORNER WATER BOOSTER 
$0.00
$166,950.00
$0.00
$166,950.00
20531-57898 ENGINEERING INTERLOCAL WATER A
$125,000.00
$0.00
$0.00
$125,000.00
20536-57848 LIBRARY HVAC UPGRADE          
($173,628.76)
$0.00
$0.00
($173,628.76)
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
20537-57798 CHILDREN'S PLAYGROUNG-CIVIC TR
$0.00
$25,000.00
$0.00
$25,000.00
20537-57878 REPAIR OF PLEASURE BEACH SIDEWALK/PATH
$0.00
$145,000.00
$0.00
$145,000.00
20547-57775 VIRTUAL SERVER REPLACEMENT    
$0.00
$88,500.00
$0.00
$88,500.00
20547-57861 SWITCHES
$0.00
$2,258.00
$0.00
$2,258.00
20547-57882 COMPUTER REPLACEMENTS
$0.65
$74,925.00
$0.00
$74,925.65
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
20560-57820 WHS TRACK & FIELD REPLACEMENT
$0.00
$53,000.00
$0.00
$53,000.00
20560-57822 IT LEARNING BOARDS -END OF LIFE
$6.10
$27,319.88
$0.00
$27,325.98
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF AUGUST 31, 2025
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20560-57828 QH 10-YR RETRO COMMISSIONING
$0.00
$30,000.00
$0.00
$30,000.00
20560-57833 TENNIS COURTS
$0.00
$104,200.00
$0.00
$104,200.00
20560-57841 BUS LOT OFFICE
$0.00
$150,000.00
$0.00
$150,000.00
20560-57842 SCHOOL SECURITY
$38,909.40
$0.00
$0.00
$38,909.40
20560-57883 FINANCING ENERGY EFFICIENT EQUIPMENT
$243,335.00
$0.00
$0.00
$243,335.00
20560-57884 CHROMEBOOK & IPAD EQUIPMENT
$17,608.00
$0.00
$0.00
$17,608.00
20560-57892 HVAC EVALUATION/REMIDATION    
$0.00
$85,000.00
$0.00
$85,000.00
20560-57893 GREAT NECK SCHOOL FIELD DRAINAGE
$350,000.00
$250.00
$0.00
$350,250.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$937,429.77
$937,429.77
TOTAL
$893,065.93
$2,240,655.88
$937,429.77
$4,071,151.58
 
Page 2

Insurance 
Administration Fund
Balance Sheet
August 31, 2025
Assets
   Cash and Cash Equivalents
3,827,158
   Accounts Receivable
86,217
   Due From Other Funds
236,531
    Prepaid Items
10,705
Total Assets
4,160,610
Liabilities
   Accrued Liabilities (IBNR)
864,000
   Advance Payments
11,455
Total Liabilities
875,455
Net Assets
   Unrestricted
$3,285,156
Total Net Assets
$
$3,285,156
Note: IBNR is not adjusted for FY25 yet