December 2024 Monthly Financials

Contributed Gifts Fund
December 31, 2024
R&P 
R&P 
R&P
R&P
FINANCE
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.
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
CEMETERY
GO CART
AUDITORIUM
FISCAL YEAR 2025
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
A/V UPGRADE
REVENUES
REC & PARKS DOG PARK DONATIONS
$227.00
REC & PARKS PLAYGROUND DONATIONS
$10,000.00
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
REC & PARKS GO CART DONATIONS
$2,440.00
TOTAL REVENUES
$0.00
$0.00
$0.00
$0.00
$227.00
$10,000.00
$0.00
$0.00
$0.00
$0.00
$2,440.00
$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
09/04/24 JP MORGAN CHASE
09/13/24 E. FREDRICKS REIMB FOR BUS
09/27/24 MEDIA HERE & NOW LLC
10/4/2024 JP MORGAN CHASE
$594.72
11/4/2024  JP MORGAN CHASE
11/08/24 WHALING CITY GR BADGE SIGNAGE
12/4/2024  JP MORGAN CHASE
TOTAL EXPENDITURES
$594.72
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
NET CURRENT YEAR ACTIVITY
($594.72)
$0.00
$0.00
$0.00
$227.00
$10,000.00
$0.00
$0.00
$0.00
$0.00
$2,440.00
$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
$100.00
$0.00
$151.00
CURRENT YEAR BALANCE
$0.00
$129.60
($1,053.61)
$65.00
$987.97
$70,486.32
$1,140.00
$220.00
$8,310.00
$100.00
$2,440.00
$151.00
Page 1 of 2

Contributed Gifts Fund
December 31, 2024
FISCAL YEAR 2025
REVENUES
REC & PARKS DOG PARK DONATIONS
REC & PARKS PLAYGROUND DONATIONS
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
REC & PARKS GO CART 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
09/04/24 JP MORGAN CHASE
09/13/24 E. FREDRICKS REIMB FOR BUS
09/27/24 MEDIA HERE & NOW LLC
10/4/2024 JP MORGAN CHASE
11/4/2024  JP MORGAN CHASE
11/08/24 WHALING CITY GR BADGE SIGNAGE
12/4/2024  JP MORGAN CHASE
TOTAL EXPENDITURES
NET CURRENT YEAR ACTIVITY
PRIOR YEAR BALANCE
CURRENT YEAR BALANCE
POLICE
POLICE
POLICE
POLICE
POLICE
DEPT.
DEPT.
DEPT.
PUBLIC 
AUSTISM
VEHICLE
K-9
GENERAL 
SAFETY
TRAINING
 CHALLENGE
 PROGRAM
DONATIONS
 DOCK
TOTAL
$5,703.00
$2,751.59
$0.00
$0.00
$5,703.00
$2,751.59
$0.00
$21,121.59
$4,995.00
$180.47
$42.50
$241.00
$282.52
$100.00
$500.00
$1,359.52
$877.79
$425.53
$0.00
$0.00
$283.50
$8,720.83
$0.00
$9,599.05
$0.00
$0.00
$5,419.50
($5,969.24)
$0.00
$11,522.54
$1,700.00
$780.11
$4,424.54
$13,239.38
$7.04
$91,055.07
$1,700.00
$780.11
$9,844.04
$7,270.14
$7.04
$102,577.61
Page 2 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH DECEMBER 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  DECEMBER 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
$94,033
45.56%
112,372
$94,446
Registrar of Voters
$96,525
$80,890
83.80%
15,635
$47,376
Board of Finance
$80,713
$81,203
100.61%
(490)
$69,663
Assessor
$311,713
$158,810
50.95%
152,903
$141,989
Board of Assessment Appeals
$1,742
$270
15.52%
1,472
$223
Tax Collector
$232,331
$120,833
52.01%
111,498
$121,095
Finance Department
$767,856
$423,719
55.18%
344,138
$433,928
Legal Department
$295,000
$285,669
96.84%
9,331
$350,690
Town Clerk
$264,849
$139,760
52.77%
125,089
$135,213
Planning and Zoning
$686,543
$340,932
49.66%
345,612
$326,611
Building Maintenance
$997,190
$663,596
66.55%
333,594
$612,715
Insurance
$4,962,182
$5,044,365
101.66%
(82,183)
$4,666,471
Economic Development Commission
$25,267
$9,591
37.96%
15,676
$9,634
Conservation Commission
$18,250
$1,717
9.41%
16,533
$13,425
Zoning Board of Appeals
$4,310
3,000
69.60%
1,310
3,081
Retirement Commission
$7,760,257
$4,739,561
61.07%
3,020,696
$3,903,362
R.T.M.
$18,903
$14,935
79.01%
3,968
$14,351
Building Department
$326,532
$142,654
43.69%
183,878
$128,746
Youth Service Bureau
$294,579
$159,628
54.19%
134,951
$144,955
Social Service Grants/Miscellaneous
$98,960
$94,340
95.33%
4,620
$87,081
Contingency Fund
$156,845
0
0.00%
156,845
0
Emergency Management
$1,196,762
$522,991
43.70%
673,771
$468,590
Fire Services
$3,696,138
$2,276,727
61.60%
1,419,411
$2,202,283
Police Department
$7,015,644
$3,384,903
48.25%
3,630,741
$3,301,789
Public Works Department
$5,086,238
$3,118,083
61.30%
1,968,155
$2,945,701
Conservation of Health
$148,407
148,407
100.00%
0
148,407
Public Health Nursing
$26,297
26,297
100.00%
0
10,000
Senior Citizens Commission
$481,248
252,411
52.45%
228,837
255,627
Waterford Public Library
$1,006,837
$491,737
48.84%
515,100
$525,532
Recreation and Parks
$1,484,660
$888,265
59.83%
596,395
$797,110
Flood and Erosion Control Bd.
$1,109
131
11.80%
978
243
Ethics Commission
$900
332
36.86%
568
156
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH DECEMBER 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  DECEMBER 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
Human Resources
$264,204
$168,646
63.83%
95,558
$183,596
Information Technology
$1,231,423
$903,536
73.37%
327,887
$839,859
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
$2,627,585
$2,627,585
100.00%
0
$2,514,192
Transfer to Capital & Non-Recurring Fund
$3,350,899
$3,350,899
100.00%
0
$2,564,150
Transfer to Dog Fund
$100,000
$100,000
100.00%
0
$100,000
Debt Service
$8,109,746
$7,400,482
91.25%
709,264
$7,342,768
Total General Government
$53,441,089
$38,266,976
71.61%
$15,174,113
$35,513,942
Board of Education
$57,611,181
$28,732,497
49.87%
28,878,684
$26,941,160
Total General Fund
$111,052,270
$66,999,473
60.33%
$44,052,797
$62,455,102
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH DECEMBER 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  DECEMBER 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
$81,611
25.00%
(244,833)
$81,611
HEALTH & WELFARE
$6,359
$0
0.00%
(6,359)
$0
SUB TOTAL
332,803
81,611
24.52%
(251,192)
81,611
GENERAL GOVERNMENT
PILOT-DISABLED
1,200
1,541
128.40%
341
$1,486
TIERED PILOT 
347,575
349,298
100.50%
1,723
$347,575
TAX RELIEF-VETERANS
5,000
4,033
80.65%
(967)
$3,671
COURT FINES
0
10,219
#DIV/0!
10,219
$2,323
CIVIL PREPAREDNESS
23,000
35,444
154.10%
12,444
$29,445
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
7,051
50.36%
(6,949)
$3,526
ENHANCEMENT 911
22,500
16,946
75.32%
(5,554)
$11,291
MUNICIPAL REVENUE SHARE GRANT
315,978
0
0.00%
(315,978)
$493,810
GRANTS FOR MUNICIPAL PROJECTS
34,255
0
0.00%
(34,255)
$0
TOTAL GENERAL GOVERNMENT
1,320,418
585,212
44.32%
(735,206)
1,053,807
TOTAL STATE OF CONNECTICUT
1,653,221
666,823
40.33%
(986,398)
1,135,418
OTHER SOURCES
EDUCATION
TUITION
0
52,420
#DIV/0!
52,420
0
RENT & MISCELLANEOUS
1,500
2,045
136.33%
545
1,479
SUB TOTAL
1,500
54,465
3631.00%
52,965
1,479
GENERAL GOVERNMENT
INTEREST & LIENS
381,744
145,736
38.18%
(236,008)
174,287
INTEREST ON INVESTMENTS
2,000,000
1,588,585
79.43%
(411,415)
1,712,748
RECREATION & PARKS
202,001
98,587
48.81%
(103,414)
176,736
FIRE SERVICES INSPECTIONS & PLAN FEES
7,320
10,570
144.40%
3,250
0
BUILDING INSPECTOR
530,591
555,677
104.73%
25,086
267,708
LICENSE, FEE, PERMIT, FINE
18,320
9,920
54.15%
(8,401)
7,724
LIBRARY
0
759
#DIV/0!
759
755

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH DECEMBER 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  DECEMBER 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
10
1.01%
(990)
60
SCRRRA REBATE
0
1,654
#DIV/0!
1,654
0
BULKY WASTE FEES
112,000
61,802
55.18%
(50,198)
60,414
MISCELLANEOUS
50,000
40,001
80.00%
(9,999)
130,212
CONVEYANCE TAX
200,000
196,455
98.23%
(3,545)
165,213
EMS-REG COMM CTR FEES
6,000
1,500
25.00%
(4,500)
1,500
PLANNING& ZONING, ZBA, CONSRV COMM
55,980
32,669
58.36%
(23,311)
23,380
TOWN CLERK FEES
175,000
77,894
44.51%
(97,107)
73,201
TIPPING FEES
275,000
57,345
20.85%
(217,655)
59,480
RECYCLING
50,000
38,679
77.36%
(11,321)
17,568
COST SHARING PRR
0
0
#DIV/0!
0
812,717
TRANSFERS FROM OTHER FUNDS
0.00
32,673
#DIV/0!
32,673
757,331
TRANSFERS IN-PY ENCUMBRANCES
0
0
#DIV/0!
0
29,331
EUGENE O'NEILL GATE/LEASE REVENUE
10,000
22,942
229.42%
12,942
0
AMBULANCE OPERATING SUBSIDY
6,000
0
0.00%
(6,000)
0
YSB BOE CLERICAL STIPEND
5,000
5,000
100.00%
0
5,000
RENTAL OF BUILDINGS
50,000
34,925
69.85%
(15,075)
32,335
SENIOR SERVICES
10,198
16,442
161.23%
6,244
12,665
VERSA KART/BLUE BOXES
8,000
4,320
54.00%
(3,680)
4,260
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
75,927
75,927
100.00%
0
73,218
SUB TOTAL
4,230,081
3,110,073
73.52%
(1,120,008)
4,597,843
TOTAL OTHER SOURCES
4,231,581
3,164,538
74.78%
(1,067,043)
4,599,322
PROPERTY TAXATION
CURRENT PROPERTY TAX
99,867,307
78,253,543
78.36%
(21,613,764)
77,413,656
PRIOR YEAR TAXES
486,849
(933,357)
-191.71%
(1,420,206)
226,377
TOTAL PROPERTY TAXATION
100,354,156
77,320,186
77.05%
(23,033,970)
77,640,033
FUND BALANCE APPLIED
1,000,000
0
0.00%
(1,000,000)
0
TOTAL REVENUES
107,238,958
81,151,546
75.67%
(26,087,412)
83,374,773

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
DECEMBER 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 DECEMBER 31, 2024
  
Revenues:
   Investment Income
107,489
   Vehicle Rentals
32,229
   Sale of Vehicles
10,176
   Sale of Equipment
8,430
Total Revenues
158,324
Expenditures:
   Equipment Replacement
198,960
   Vehicle Replacement
2,640,758
Total Expenditures
2,839,719
Excess (Deficiency) of Revenues Over Expenditures
(2,681,395)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(1,681,395)
Fund Balances - Beginning
3,501,938
Fund Balances - Ending
1,820,543

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 DECEMBER 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
73,000.00
227,000.00
24.3%
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
38,000.00
49,000.00
43.7%
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
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
419,129.24
870.76
99.8%
31123-57857
BLDG MAINT FY23
CIVIC TRIANGLE UPGRADES       
1,285,818.00
1,285,818.00
0.00
100.0%
23,388.28
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
13,102.24
11,897.76
52.4%
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
76,119.49
76,880.51
49.8%
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
0.00
30,000.00
0.0%
32925-55918
POLICE DEPT FY25
CELL BLOCK/KITCHEN UPDATE     
25,575.00
25,575.00
0.00
100.0%
2,325.00
32925-55919
POLICE DEPT FY25
FIREARMS/LASER SITE TRANSITION
53,289.00
49,278.39
4,010.61
92.5%
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
16,015.86
17,404.14
47.9%
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
 DECEMBER 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
15,000.00
10,000.00
60.0%
33122-55894
UTILITY COMM FY22
CONTROL PANEL RETRO-FIT (GORMA
30,000.00
30,000.00
0.00
100.0%
223.14
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 COURT REPAIRS
1,447,058.00
0.00
1,447,058.00
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
0.00
10,500.00
0.0%
34723-55021
INFORMATION TECHNOLOGY  FY23
AUDITORIUM MEETING ROOM UPDATES
272,000.00
176,049.74
95,950.26
64.7%
34724-55910
INFORMATION TECHNOLOGY  FY24
NEXGEN TRANSITION             
309,520.00
309,520.00
0.00
100.0%
6,736.10
34725-55917
INFORMATION TECHNOLOGY  FY24
CONTENT FILTER UPGRADE/REPLACE
15,163.00
11,598.77
3,564.23
76.5%
TOTALS
8,003,162.64
3,765,272.35
4,237,890.29
47.0%
1,032,672.52
PRIOR YEAR EXPENDITURES
2,523,101.04
CURRENT YEAR EXPENDITURES
1,242,171.31
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 DECEMBER 31,2024
BEGINNING 
FY25 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2024-2025
ENCUMBERED/ BAL (REVERTS
INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
TO FUND)
INC
APPROPRIATED
DESIGNATEDUNDESIGNATED
20501-57018
PURCHASE 8 GOSHEN ROAD
$6,314.00
$0.00
$0.00
$6,314.00
$0.00
$0.00
$6,314.00
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 REPAIRS
$20,715.00
$100,000.00
$0.00
$75,000.00
($75,000.00)
$4,952.00
$90,763.00
$25,000.00
$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
$374,500.00
($374,500.00)
$374,500.00
$0.00
$0.00
20511-57871
PUBLIC SAFETY BLDG  HVAC      
$0.00
$62,045.00
$0.00
($62,045.00)
$62,045.00
$0.00
$0.00
$62,045.00
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
$632.74
$81,208.75
$0.00
$0.00
$81,208.75
20511-57879
TOWN HALL BATHROOM REFURBISHMENT
$214,827.04
$0.00
$0.00
$170,903.69
$43,923.35
$0.00
$0.00
20511-57885
COMMUNITY CENTER BMS PROJECT
$51,050.00
$0.00
$0.00
$51,050.00
$0.00
$0.00
$51,050.00
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
$290,238.75
$330.75
$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
$45,850.00
$4,168.56
$0.00
$0.00
20523-57791
JORDAN-TRAFFIC LIGHT UPGRADE
$0.00
$25,000.00
$0.00
$35,460.00
($25,000.00)
$35,460.00
$0.00
$0.00
$0.00
20523-57792
OSWEGATCHIE-BUILDING RENOVATIONS
$602,241.42
$0.00
$0.00
$105,279.80
$496,961.62
$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
$27,000.00
($50,000.00)
$27,000.00
$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
$18,000.00
$350,087.81
$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
$619,137.53
$236,735.72
$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 REHA
$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
$65,412.46
$426,391.18
$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 DECEMBER 31,2024
BEGINNING 
FY25 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2024-2025
ENCUMBERED/ BAL (REVERTS
INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
TO FUND)
INC
APPROPRIATED
DESIGNATEDUNDESIGNATED
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 
$0.00
$37,500.00
$0.00
$12,500.00
$37,500.00
($37,500.00)
$49,984.00
($12,484.00)
$12,500.00
$0.00
20547-57847
TOWN-WIDE CAMERA SYSTEM
$84,914.00
$86.00
$0.00
($86.00)
$86.00
$84,914.00
$0.00
$0.00
$86.00
20547-57860
PHONE SYSTEM UPGRADE
$44,076.06
$16,000.00
$0.00
($16,000.00)
$16,000.00
$44,076.06
$0.00
$0.00
$60,076.06
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
20560-57820
WHS TRACK & FIELD REPLACEMENT
$0.00
$0.00
$0.00
$1,200,000.00
$1,147,000.00
($1,147,000.00)
$1,147,000.00
$53,000.00
$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
$1,200,000.00
$1,148,100.00
($1,148,100.00)
$1,148,100.00
$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
$1,899,160.74
$0.00
$0.00
$1,623,908.16
$275,252.58
$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
20560-57893
GREAT NECK SCHOOL FIELD DRAINAGE
$0.00
$0.00
$0.00
$278,750.00
$0.00
$278,750.00
$0.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$693,566.03
($316,210.00)
$310,019.71
$0.00
$0.00
$687,375.74
 
$8,780,820.26
$1,352,108.88
$693,566.03
$3,350,899.00
$2,894,560.00
($2,656,481.00)
($238,079.00)
$5,610,841.77
$182,648.81
$310,019.71
$5,881,889.68
$2,046,526.88
$948,155.55
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF DECEMBER 31, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20501-57018 PURCHASE 8 GOSHEN ROAD
$0.00
$0.00
$6,314.00
$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 REPAIRS
$90,763.00
$25,000.00
$0.00
$115,763.00
20511-57870 MAGO POINT IMPROVEMENTS       
$374,500.00
$0.00
$0.00
$374,500.00
20511-57871 PUBLIC SAFETY BLDG  HVAC      
$0.00
$0.00
$62,045.00
$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
$0.00
$0.00
$81,208.75
$81,208.75
20511-57879 TOWN HALL BATHROOM REFURBISHMENT
$43,923.35
$0.00
$0.00
$43,923.35
20511-57885 COMMUNITY CENTER BMS PROJECT
$0.00
$0.00
$51,050.00
$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
$330.75
$3,683.00
$0.00
$4,013.75
20522-57887 FARGO WATER TANK ANTENNA
$0.74
$0.00
$0.00
$0.74
20523-57777 FIRE SERVICES -SCBA UPGRADE PROGRAM
$4,168.56
$0.00
$0.00
$4,168.56
20523-57792 OSWEGATCHIE-BUILDING RENOVATIONS
$496,961.62
$0.00
$0.00
$496,961.62
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
$350,087.81
$6,100,833.00
$0.00
$6,450,920.81
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
$236,735.72
$0.00
$0.00
$236,735.72
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
$426,391.18
$200,000.00
$0.00
$626,391.18
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 
($12,484.00)
$12,500.00
$0.00
$16.00
20547-57847 TOWN-WIDE CAMERA SYSTEM
$0.00
$0.00
$86.00
$86.00
20547-57860 PHONE SYSTEM UPGRADE
$0.00
$0.00
$60,076.06
$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
20560-57820 WHS TRACK & FIELD REPLACEMENT
$1,147,000.00
$53,000.00
$0.00
$1,200,000.00
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF DECEMBER 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
$1,148,100.00
$104,200.00
$0.00
$1,252,300.00
20560-57841 BUS LOT OFFICE
$0.00
$150,000.00
$0.00
$150,000.00
20560-57842 SCHOOL SECURITY
$275,252.58
$0.00
$0.00
$275,252.58
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
20560-57893 GREAT NECK SCHOOL FIELD DRAINAGE
$0.00
$278,750.00
$0.00
$278,750.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$687,375.74
$687,375.74
TOTAL
$5,881,889.68
$2,046,526.88
$948,155.55
$8,876,572.11
 
Page 2

Insurance 
Administration Fund
Balance Sheet
December 31, 2024
Assets
   Cash and Cash Equivalents
1,168,226
   Accounts Receivable
1,979
   Due From Other Funds
8,966,967
Total Assets
10,137,171
Liabilities
   Accrued Liabilities (IBNR)
864,000
   Advance Payments
7,891
Total Liabilities
871,891
Net Assets
   Unrestricted
$9,265,279
Total Net Assets
$
$9,265,279