February 2024 Financial Reports

Contributed Gifts Fund
February 29, 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
DEPT.
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
CEMETERY
AUDITORIUM
FISCAL YEAR 2024
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
A/V UPGRADE
REVENUES
REC & PARKS MEMORIAL TREES & BENCHES 
DONATIONS
$500.00
REC & PARKS DOG PARK DONATIONS
$35.00
REC & PARKS TOY BOX DONATIONS
$220.00
R&P CEMETERY DONATIONS
$100.00
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
TOTAL REVENUES
$0.00
$0.00
$500.00
$0.00
$35.00
$0.00
$0.00
$220.00
$0.00
$100.00
$0.00
EXPENDITURES
07/14/23 EAST COAST K-9 TICO
08/04/23 JP MORGAN CHASE
08/04/23 D.DRISCOLL REIMBURSEMENT
08/18/23 PETTY CASH
08/18/23 MEDIA HERE& NOW LLC
08/04/23 JP MORGAN CHASE
09/04/23 JP MORGAN CHASE
09/04/23 JP MORGAN CHASE
10/04/23 JP MORGAN CHASE
10/04/23 JP MORGAN CHASE
11/22/23 PO 240394 POSITIVE PROMOT
11/04/23 JP MORGAN CHASE
12/04/23 JP MORGAN CHASE
01/05/24 REIMB E. FREDRICS
01/04/24 JP MORGAN CHASE
01/18/24 P.O. 240505 SMOKEY O'GRADYS 
WELLNESS DINNER
02/04/24 JP MORGAN CHASE
TOTAL EXPENDITURES
$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
$0.00
$0.00
$500.00
$0.00
$35.00
$0.00
$0.00
$220.00
$0.00
$100.00
$0.00
PRIOR YEAR BALANCE
$594.72
$29.60
$1,271.39
$65.00
$725.97
$60,486.32
$1,140.00
$0.00
$12,600.00
$0.00
$151.00
CURRENT YEAR BALANCE
$594.72
$29.60
$1,771.39
$65.00
$760.97
$60,486.32
$1,140.00
$220.00
$12,600.00
$100.00
$151.00
Page 1 of 2

Contributed Gifts Fund
February 29, 2024
FISCAL YEAR 2024
REVENUES
REC & PARKS MEMORIAL TREES & BENCHES 
DONATIONS
REC & PARKS DOG PARK DONATIONS
REC & PARKS TOY BOX DONATIONS
R&P CEMETERY DONATIONS
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
TOTAL REVENUES
EXPENDITURES
07/14/23 EAST COAST K-9 TICO
08/04/23 JP MORGAN CHASE
08/04/23 D.DRISCOLL REIMBURSEMENT
08/18/23 PETTY CASH
08/18/23 MEDIA HERE& NOW LLC
08/04/23 JP MORGAN CHASE
09/04/23 JP MORGAN CHASE
09/04/23 JP MORGAN CHASE
10/04/23 JP MORGAN CHASE
10/04/23 JP MORGAN CHASE
11/22/23 PO 240394 POSITIVE PROMOT
11/04/23 JP MORGAN CHASE
12/04/23 JP MORGAN CHASE
01/05/24 REIMB E. FREDRICS
01/04/24 JP MORGAN CHASE
01/18/24 P.O. 240505 SMOKEY O'GRADYS 
WELLNESS DINNER
02/04/24 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
$2,000.00
$3,323.00
$0.00
$0.00
$2,000.00
$3,323.00
$0.00
$6,178.00
$9,950.00
$0.00
$1,905.49
$46.47
$50.00
$500.00
$230.24
$709.47
$1,701.97
($244.38)
$2,958.90
$503.27
$326.15
$2,246.98
$50.00
$326.48
$1,930.31
$395.00
$0.00
$0.00
$12,320.58
$11,265.77
$0.00
$23,586.35
$0.00
$0.00
($10,320.58)
($7,942.77)
$0.00
($17,408.35)
$1,700.00
$780.11
$14,897.23
$11,234.78
$7.04
$105,683.16
$1,700.00
$780.11
$4,576.65
$3,292.01
$7.04
$88,274.81
Page 2 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2023-2024, THROUGH FEBRUARY 29, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2022-2023, THROUGH  FEBRUARY 29, 2023
FISCAL YEAR 2024
FISCAL YEAR 2024
VARIANCE
FISCAL YEAR
FISCAL YEAR 2024
FISCAL YEAR 2024
PERCENT
FAVORABLE
2022-2023
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
GENERAL GOVERNMENT
Board of Selectmen
$207,605
$125,108
60.26%
82,497
$132,905
Registrar of Voters
$79,488
$58,279
73.32%
21,209
$69,760
Board of Finance
$70,159
$79,788
113.72%
(9,629)
$69,833
Assessor
$292,148
$186,049
63.68%
106,099
$169,113
Board of Assessment Appeals
$1,602
$457
28.54%
1,145
$464
Tax Collector
$217,865
$153,309
70.37%
64,556
$146,493
Finance Department
$750,608
$528,768
70.45%
221,840
$483,308
Legal Department
$370,000
$351,041
94.88%
18,959
$179,240
Town Clerk
$252,225
$171,196
67.87%
81,029
$210,237
Planning and Zoning
$661,210
$418,993
63.37%
242,217
$402,390
Building Maintenance
$919,233
$818,433
89.03%
100,800
$564,994
Insurance
$5,105,857
$4,768,983
93.40%
336,874
$4,410,196
Economic Development Commission
$27,447
$26,634
97.04%
813
$9,483
Conservation Commission
$18,250
$13,446
73.68%
4,804
$1,957
Zoning Board of Appeals
$4,310
3,091
71.71%
1,219
3,256
Retirement Commission
$7,049,737
$4,677,552
66.35%
2,372,185
$4,467,924
R.T.M.
$18,903
$15,334
81.12%
3,569
$15,482
Building Department
$297,609
$182,973
61.48%
114,636
$159,279
Youth Service Bureau
$239,827
$188,160
78.46%
51,667
$144,171
Social Service Grants/Miscellaneous
$88,182
$87,081
98.75%
1,101
$84,293
Contingency Fund
$93,022
0
0.00%
93,022
0
Emergency Management
$1,094,563
$607,384
55.49%
487,179
$635,273
Fire Services
$3,531,618
$2,612,799
73.98%
918,819
$2,518,785
Police Department
$6,813,403
$4,241,408
62.25%
2,571,995
$4,143,811
Public Works Department
$4,994,798
$3,486,753
69.81%
1,508,045
$3,583,027
Conservation of Health
$148,407
148,407
100.00%
(0)
148,126
Public Health Nursing
$25,911
10,000
38.59%
15,911
24,000
Senior Citizens Commission
$484,631
323,794
66.81%
160,837
284,092
Waterford Public Library
$1,006,837
$697,939
69.32%
308,898
$629,609
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2023-2024, THROUGH FEBRUARY 29, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2022-2023, THROUGH  FEBRUARY 29, 2023
FISCAL YEAR 2024
FISCAL YEAR 2024
VARIANCE
FISCAL YEAR
FISCAL YEAR 2024
FISCAL YEAR 2024
PERCENT
FAVORABLE
2022-2023
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
Recreation and Parks
$1,399,310
$977,449
69.85%
421,861
$1,085,516
Flood and Erosion Control Bd.
$2,138
244
11.42%
1,894
651
Ethics Commission
$900
356
39.54%
544
0
Human Resources
$259,836
$212,826
81.91%
47,010
$192,974
Information Technology
$1,165,181
$996,904
85.56%
168,277
$844,803
Transfer to Waterford Special Activity Fund
$4,750
$4,750
100.00%
0
$4,750
Transfer to Waterford Shellfish Fund
$4,134
$4,134
100.00%
0
$1,721
Transfer to Capital Improvement Fund
$2,787,620
$2,787,620
100.00%
0
$3,534,901
Transfer to Capital & Non-Recurring Fund
$2,949,150
$2,949,150
100.00%
0
$3,803,560
Transfer to Dog Fund
$100,000
$100,000
100.00%
0
$60,000
Debt Service
$8,148,250
$7,962,075
97.72%
186,175
$6,136,484
Total General Government
$51,686,724
$40,978,665
79.28%
$10,708,059
$39,356,861
Board of Education
$54,446,027
$34,780,179
63.88%
19,665,848
$32,204,095
Total General Fund
$106,132,751
$75,758,844
71.38%
$30,373,907
$71,560,956
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2023-2024, THROUGH FEBRUARY 29, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2022-2023, THROUGH  FEBRUARY 29, 2023
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2023-2024
YEAR
YEAR
2023-2024
2023-2024
PERCENT 2023-2024
2022-2023
BUDGET
ACTUAL
RECEIVED VARIANCE
ACTUAL
STATE OF CONNECTICUT
EDUCATION
EQUALIZED COST SHARING
$326,444
$163,222
50.00%
(163,222)
$163,222
HEALTH & WELFARE
$6,359
$6,810
107.09%
451
$5,982
SUB TOTAL
332,803
170,032
51.09%
(162,771)
169,204
GENERAL GOVERNMENT
PILOT-DISABLED
1,200
1,486
123.80%
286
$1,946
TIERED PILOT 
315,978
347,575
110.00%
31,597
$316,181
TAX RELIEF-VETERANS
5,000
3,671
73.41%
(1,329)
$5,870
COURT FINES
0
7,435
#DIV/0!
7,435
$4,120
CIVIL PREPAREDNESS
20,000
29,445
147.23%
9,445
$19,653
TELECOMMUNICATIONS PROPERTY TAX
58,071
0
0.00%
(58,071)
$0
TOWN AID ROADS-IMPROVED
321,120
321,360
100.07%
240
$321,120
LOCAL CAPITAL IMPROVEMENT (LOCIP)
116,994
0
0.00%
(116,994)
$0
SDE STATE GRANT
14,000
10,577
75.55%
(3,423)
$10,551
ENHANCEMENT 911
22,981
22,583
98.27%
(398)
$16,813
MUNICIPAL REVENUE SHARE GRANT
379,498
493,810
130.12%
114,312
$373,384
GRANTS FOR MUNICIPAL PROJECTS
68,510
0
0.00%
(68,510)
$0
TOTAL GENERAL GOVERNMENT
1,323,352
1,237,942
93.55%
(85,410)
1,069,638
TOTAL STATE OF CONNECTICUT
1,656,155
1,407,974
85.01%
(248,181)
1,238,842
OTHER SOURCES
EDUCATION
TUITION
60,000
74,334
123.89%
14,334
105,931
RENT & MISCELLANEOUS
1,500
2,515
167.67%
1,015
1,972
SUB TOTAL
61,500
76,849
124.96%
15,349
107,903

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2023-2024, THROUGH FEBRUARY 29, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2022-2023, THROUGH  FEBRUARY 29, 2023
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2023-2024
YEAR
YEAR
2023-2024
2023-2024
PERCENT 2023-2024
2022-2023
BUDGET
ACTUAL
RECEIVED VARIANCE
ACTUAL
GENERAL GOVERNMENT
INTEREST & LIENS
291,306
213,032
73.13%
(78,274)
243,339
INTEREST ON INVESTMENTS
2,500,000
2,303,329
92.13%
(196,671)
1,293,839
RECREATION & PARKS
165,000
181,911
110.25%
16,911
171,846
FIRE SERVICES INSPECTIONS & PLAN FEES
0
1,050
#DIV/0!
1,050
0
BUILDING INSPECTOR
400,000
358,930
89.73%
(41,070)
445,857
LICENSE, FEE, PERMIT, FINE
135,309
10,225
7.56%
(125,085)
13,715
LIBRARY
0
957
#DIV/0!
957
218
WATER MAIN ASSESSMENTS
0
0
#DIV/0!
0
16,501
SALE OF VEHICLES
0
#DIV/0!
0
683
SALE OF EQUIPMENT
1,000
60
5.97%
(940)
11,978
SCRRRA REBATE
0
1,532
#DIV/0!
1,532
0
NL RADIO COMM. NETWORK USE FEE
72,000
0
0.00%
(72,000)
0
BULKY WASTE FEES
110,000
72,245
65.68%
(37,755)
68,306
MISCELLANEOUS
27,582
140,242
508.45%
112,660
82,407
CONVEYANCE TAX
200,000
196,572
98.29%
(3,428)
301,643
EMS-REG COMM CTR FEES
6,000
1,500
25.00%
(4,500)
3,000
PLANNING& ZONING, ZBA, CONSRV COMM
54,183
26,713
49.30%
(27,471)
46,515
TOWN CLERK FEES
175,000
95,599
54.63%
(79,402)
100,129
LIENS -COLLECTED BY UTILITY COMMISSION
0
2,860
#DIV/0!
2,860
2,780
TIPPING FEES
275,000
86,690
31.52%
(188,310)
138,203
RECYCLING
45,000
27,110
60.24%
(17,890)
40,655
COST SHARING PRR
0
0
#DIV/0!
0
187,367
TRANSFERS FROM OTHER FUNDS
0.00
770,791
#DIV/0!
770,791
154,843
TRANSFERS IN-PY ENCUMBRANCES
0
29,331
#DIV/0!
29,331
4
EUGENE O'NEILL GATE/LEASE REVENUE
10,000
0
0.00%
(10,000)
0
YSB BOE CLERICAL STIPEND
5,000
5,000
100.00%
0
5,000
RENTAL OF BUILDINGS
50,000
42,378
84.76%
(7,622)
83,167
SENIOR SERVICES
10,196
14,528
142.49%
4,332
8,959
VERSA KART/BLUE BOXES
10,000
5,460
54.60%
(4,540)
5,090
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
73,218
73,218
100.00%
0
0
SUB TOTAL
4,615,794
4,661,260
100.99%
45,466
3,426,044
TOTAL OTHER SOURCES
4,677,294
4,738,109
101.30%
60,815
3,533,947
PROPERTY TAXATION
CURRENT PROPERTY TAX
95,263,203
95,464,834
100.21%
201,631
96,052,373
PRIOR YEAR TAXES
476,546
282,691
59.32%
(193,855)
254,867
TOTAL PROPERTY TAXATION
95,739,749
95,747,525
100.01%
7,776
96,307,240
TOTAL REVENUES
102,073,198
101,893,608
99.82%
(179,590)
101,080,029

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
FEBRUARY 29, 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 FEBRUARY 29, 2024
  
Revenues:
   Investment Income
154,025
   Vehicle Rentals
33,463
   Sale of Vehicles
3,063
   Sale of Equipment
7,341
   Insurance Settlement
47,845
Total Revenues
245,735
Expenditures:
   Equipment Replacement
97,691
   Vehicle Replacement
1,922,268
Total Expenditures
2,019,959
Excess (Deficiency) of Revenues Over Expenditures
(1,774,224)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(774,224)
Fund Balances - Beginning
3,509,747
Fund Balances - Ending
2,735,524

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 FEBRUARY 29, 2024
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
30124-55738
BOS FY24
FLEET MANAGEMENT PLAN
1,000,000.00
1,000,000.00
0.00
100.0%
1,000,000.00 TO FLEET MANAGEMENT FUND
30716-55793
FINANCE (IT) FY16
FINANCIAL ACCOUNTING SOFTWARE
170,000.00
170,000.00
0.00
100.0%
12,491.82
31117-55803
BLDG MAINT FY17
PARKING LOT -YOUTH SERVICES
300,000.00
21,700.00
278,300.00
7.2%
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
20,800.00
66,200.00
23.9%
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
250,000.00
0.00
100.0%
31122-55892
BLDG MAINT FY22
AC UNIT REPLACMENT RADIO SITES
60,500.00
60,500.00
0.00
100.0%
13,460.85
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
82,897.82
177,102.18
31.9%
31123-55905
BLDG MAINT FY23
UST REPLACEMENT LIBRARY&PUBLIC SAFETY
420,000.00
411,271.41
8,728.59
97.9%
31123-57857
BLDG MAINT FY23
CIVIC TRIANGLE UPGRADES       
1,285,818.00
1,285,814.61
3.39
100.0%
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
0.00
25,000.00
0.0%
31124-55915
BLDG MAINT FY24
SEPTIC REPLMT (EUGENE O'NEILL)
43,500.00
39,304.00
4,196.00
90.4%
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
60,000.00
(3,000.00)
105.3%
32323-55907
FIRE SERVICES FY23
PAGERS UPGRADE/REPLACEMNENT
25,000.00
24,179.40
820.60
96.7%
33020-55850
PUBLIC WORKS FY20
CROSS ROAD                    
2,754,000.00
2,754,000.00
0.00
100.0%
881,507.03
33020-59300
PUBLIC WORKS FY20
FUNDING OFFSET-CROSS ROAD                    
(2,754,000.00)
(2,754,000.00)
0.00
100.0%
(142,358.40)
33021-55867
PUBLIC WORKS FY21
REMOVE UST COHANZIE FIRE
348,790.00
348,790.00
0.00
100.0%
0.08
33022-55882
PUBLIC WORKS FY22
NORMAN/CONCRETE PANELS        
80,100.00
108,584.98
(28,484.98)
135.6%
33022-55883
PUBLIC WORKS FY22
WILLIAM ST CONCRETER SIDEWALK 
42,300.00
56,762.00
(14,462.00)
134.2%
33022-55884
PUBLIC WORKS FY22
SUMMER STREET/CONCRETE SW     
33,420.00
32,505.00
915.00
97.3%
33022-55885
PUBLIC WORKS FY22
DAVID STREET/CONCRETE SW      
43,680.00
60,995.00
(17,315.00)
139.6%
33023-55890
PUBLIC WORKS FY23
ROAD RESURFACING EVERSOURCE AF
315,951.00
(812,716.58)
1,128,667.58
-257.2%
33023-55901
PUBLIC WORKS FY23
CURB REPLACEMENT SANDY HOLLW
319,300.00
10,720.56
308,579.44
3.4%
Page 1 of 2

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 FEBRUARY 29, 2024
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
33023-55902
PUBLIC WORKS FY23
RD RESURFACING SEC A, AREA 3          
325,915.00
199,382.06
126,532.94
61.2%
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%
33121-55871
UTILITY COMM FY21
EVERGREEN PUMP STATION
375,000.00
375,000.00
0.00
100.0%
5,690.08
33122-55894
UTILITY COMM FY22
CONTROL PANEL RETRO-FIT (GORMA
30,000.00
0.00
30,000.00
0.0%
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
5,209.66
44,790.34
10.4%
33123-55906
UTILITY COMM FY23
WUC BILLING SOFTWARE
130,000.00
130,000.00
0.00
100.0%
33720-55854
REC & PARKS FY20
LEARY BASKETBALL COURT REBUILD
91,000.00
0.00
91,000.00
0.0%
33720-55855
REC & PARKS FY20
TOWN HALL BASKETBALL COURT REP
41,000.00
0.00
41,000.00
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%
34723-55021
INFORMATION TECHNOLOGY  FY23
AUDITORIUM MEETING ROOM UPDATES
272,000.00
86,819.78
185,180.22
31.9%
34724-55910
INFORMATION TECHNOLOGY  FY24
NEXGEN TRANSITION             
309,520.00
302,783.90
6,736.10
97.8%
TOTALS
7,785,782.64
4,773,632.24
3,012,150.40
61.3%
1,770,791.46
PRIOR YEAR EXPENDITURES
1,408,500.81
CURRENT YEAR EXPENDITURES
3,365,131.43
Page 2 of 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2023 TO JUNE 30,2024
AS OF FEBRUARY 29,2024
BEGINNING 
FY24 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2023-2024
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
$0.00
$0.00
$0.00
$385,000.00
$385,000.00
($385,000.00)
$378,686.00
$6,314.00
$0.00
$0.00
20501-57639
REVALUATION
($6,547.47)
$332,700.00
$0.00
$75,000.00
$6,547.47
$17,255.80
($17,255.80)
$407,700.00
$0.00
20511-57767
NEVINS COTTAGE STRUCTURAL REPAIRS
$20,715.00
$100,000.00
$0.00
$20,715.00
$100,000.00
$0.00
20511-57839
TOWN HALL EMERGENCY EGRESS
$41,275.00
$0.00
$0.00
$41,275.00
$0.00
$0.00
$41,275.00
20511-57840
PLAN OF CONSERVATION DEVELOPMENT
$56,220.07
$0.00
$0.00
$56,220.07
$0.00
$0.00
$0.00
20511-57856
JORDAN VILLAGE SIDEWALKS      
$87,786.36
$0.00
$0.00
$0.00
$87,786.36
$0.00
$0.00
$87,786.36
20502-48043
JORDAN VILLAGE SIDEWALK GRANT
$0.00
$280,000.00
$0.00
$0.00
$280,000.00
$0.00
20511-57866
TOWN HALL FRONT DOOR
$18,982.73
$0.00
$0.00
$18,982.73
$0.00
$0.00
$18,982.73
20511-57870
MAGO POINT IMPROVEMENTS       
$19,125.00
$374,500.00
$0.00
$19,125.00
$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
$193,274.20
$0.00
$0.00
$178,905.00
$14,369.20
$0.00
$0.00
20511-57874
RECONDITION ELEVATORS -TOWN HALL/YOUTH SERVICES BLDG
$239,600.00
$0.00
$0.00
$28,550.00
$239,581.15
$28,568.85
$0.00
$0.00
20511-57876
SW SCHOOL UNDERGROUND TANK
$122,732.32
$0.00
$0.00
$36,205.18
$86,527.14
$0.00
$0.00
20511-57879
TOWN HALL BATHROOM REFURBISHMENT
$293,871.35
$0.00
$0.00
$125,000.00
$401,825.00
$17,046.35
$0.00
$0.00
20511-57885
COMMUNITY CENTER BMS PROJECT
$0.00
$0.00
$0.00
$300,000.00
$300,000.00
($300,000.00)
$237,400.00
$62,600.00
$0.00
$0.00
20522-57794
MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$44,991.50
$500,436.00
$0.00
$496,753.00
($496,753.00)
$541,703.55
$40.95
$3,683.00
$0.00
20522-57887
FARGO WATER TANK ANTENNA
$0.00
$0.00
$0.00
$48,998.00
$48,998.00
$0.00
$0.00
20523-57777
FIRE SERVICES -SCBA UPGRADE PROGRAM
$0.00
$0.00
$0.00
$64,000.00
$64,000.00
($64,000.00)
$62,900.00
$1,100.00
$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
$212,500.00
$0.00
$0.00
$11,145.03
$201,354.97
$0.00
$0.00
20523-57836
FIRE SERVICES CARPET REPLACEMENT
$0.00
$30,000.00
$0.00
$0.00
$30,000.00
$0.00
20523-57838
FIRE SERVICES PRE EMPTION LIGHT REPAIRS
$0.00
$50,000.00
$0.00
$0.00
$50,000.00
$0.00
20529-57458
EVIDENCE ROOM & ARMORY UPDATE & RENOVATE
$36,313.33
$0.00
$0.00
$36,287.00
$26.33
$0.00
$0.00
$26.33
20530-57695
MUNICIPAL COMPLEX RENOVATION
$372,061.13
$6,100,833.00
$0.00
$17,090.06
$354,971.07
$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
$1,313,572.12
$0.00
$0.00
$483,926.34
$829,645.78
$0.00
$0.00
20530-57886
OLD NORWICH ROAD PAVING
$0.00
$0.00
$0.00
$1,053,000.00
$1,053,000.00
$0.00
$0.00
20531-55771
HARVEY AVENUE PUMP STATION REHAB
$503.58
$0.00
$0.00
$503.58
$0.00
$0.00
$503.58
20531-57685
I/I MITIGATION & CONTROL
$312,063.86
$0.00
$0.00
$28,578.00
$283,485.86
$0.00
$0.00
20531-57816
OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHA
$554,835.61
$0.00
$0.00
$755,369.00
$1,098,818.70
$211,385.91
$0.00
$0.00
20531-57881
PLASTIC WATER SERVICE LINE REPLACEMENT
$532,846.44
$0.00
$0.00
$100,000.00
$181,300.00
$202,059.86
$512,086.58
$100,000.00
$0.00
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2023 TO JUNE 30,2024
AS OF FEBRUARY 29,2024
BEGINNING 
FY24 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2023-2024
ENCUMBERED/ BAL (REVERTS
INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
TO FUND)
INC
APPROPRIATED
DESIGNATEDUNDESIGNATED
20536-57848
LIBRARY HVAC UPGRADE          
$0.00
$1,091,200.00
$0.00
$1,091,200.00
($1,091,200.00)
$1,091,200.00
$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
$15,236.00
$0.00
$0.00
$0.00
$15,236.00
$0.00
$0.00
20541-57328
ALEWIFE COVE DREDGING
$0.00
$37,500.00
$0.00
$0.00
$37,500.00
$0.00
20547-47846
FIBER UPGRADE
$0.00
$0.00
$0.00
$1,126.00
$0.00
$1,126.00
$0.00
$0.00
$0.00
20547-57847
TOWN-WIDE CAMERA SYSTEM
$0.00
$85,000.00
$0.00
$84,914.00
($84,914.00)
$84,914.00
$86.00
$0.00
20547-57860
PHONE SYSTEM UPGRADE
$0.00
$16,000.00
$0.00
$581,700.00
$537,623.94
$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
$0.00
$0.00
$0.00
$42,250.00
$34,181.00
($34,181.00)
$34,180.35
$0.65
$8,069.00
$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
$788,095.00
$0.00
$0.00
$12,120.96
$775,974.04
$0.00
$0.00
20560-57822
IT LEARNING BOARDS -END OF LIFE
$50,108.35
$27,319.88
$0.00
$35,906.25
$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
$32,175.00
$0.00
$0.00
$1,982,900.00
$1,982,900.00
($1,982,900.00)
$98,082.00
$1,916,993.00
$0.00
$0.00
20560-57883
FINANCING ENERGY EFFICIENT EQUIPMENT
$0.00
$0.00
$0.00
$243,335.00
$243,335.00
$0.00
$0.00
20560-57884
CHROMEBOOK & IPAD EQUIPMENT
$0.00
$0.00
$0.00
$180,850.00
$180,242.00
$608.00
$0.00
$0.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$3,025,793.38
($3,205,775.47)
$405,643.96
$0.00
$0.00
$225,661.87
 
$4,105,206.71
$3,121,906.88
$3,025,793.38
$2,949,150.00
$7,644,723.47
($4,438,948.00)
($3,205,775.47)
$4,946,993.24
$148,574.00
$405,643.96
$6,654,362.94
$1,632,108.88
$374,235.87
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF FEBRUARY 29, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20501-57018 PURCHASE 8 GOSHEN ROAD
$6,314.00
$0.00
$0.00
$6,314.00
20501-57639 REVALUATION
($17,255.80)
$407,700.00
$0.00
$390,444.20
20511-57767 NEVINS COTTAGE STRUCTURAL REPAIRS
$20,715.00
$100,000.00
$0.00
$120,715.00
20511-57839 TOWN HALL EMERGENCY EGRESS
$0.00
$0.00
$41,275.00
$41,275.00
20511-57856 JORDAN VILLAGE SIDEWALKS      
$0.00
$0.00
$87,786.36
$87,786.36
20502-48043 JORDAN VILLAGE SIDEWALK GRANT
$0.00
$280,000.00
$0.00
$280,000.00
20511-57866 TOWN HALL FRONT DOOR
$0.00
$0.00
$18,982.73
$18,982.73
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
$14,369.20
$0.00
$0.00
$14,369.20
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
$86,527.14
$0.00
$0.00
$86,527.14
20511-57879 TOWN HALL BATHROOM REFURBISHMENT
$17,046.35
$0.00
$0.00
$17,046.35
20511-57885 COMMUNITY CENTER BMS PROJECT
$62,600.00
$0.00
$0.00
$62,600.00
20522-57794 MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$40.95
$3,683.00
$0.00
$3,723.95
20522-57887 FARGO WATER TANK ANTENNA
$48,998.00
$0.00
$0.00
$48,998.00
20523-57777 FIRE SERVICES -SCBA UPGRADE PROGRAM
$1,100.00
$0.00
$0.00
$1,100.00
20523-57791 JORDAN-TRAFFIC LIGHT UPGRADE
$0.00
$25,000.00
$0.00
$25,000.00
20523-57792 OSWEGATCHIE-BUILDING RENOVATIONS
$201,354.97
$0.00
$0.00
$201,354.97
20523-57836 FIRE SERVICES CARPET REPLACEMENT
$0.00
$30,000.00
$0.00
$30,000.00
20523-57838 FIRE SERVICES PRE EMPTION LIGHT REPAIRS
$0.00
$50,000.00
$0.00
$50,000.00
20529-57458 EVIDENCE ROOM & ARMORY UPDATE & RENOVATE
$0.00
$0.00
$26.33
$26.33
20530-57695 MUNICIPAL COMPLEX RENOVATION
$354,971.07
$6,100,833.00
$0.00
$6,455,804.07
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
$829,645.78
$0.00
$0.00
$829,645.78
20530-57886 OLD NORWICH ROAD PAVING
$1,053,000.00
$0.00
$0.00
$1,053,000.00
20531-55771 HARVEY AVENUE PUMP STATION REHAB
$0.00
$0.00
$503.58
$503.58
20531-57685 I/I MITIGATION & CONTROL
$283,485.86
$0.00
$0.00
$283,485.86
20531-57816 OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB
$211,385.91
$0.00
$0.00
$211,385.91
20531-57881 PLASTIC WATER SERVICE LINE REPLACEMENT
$512,086.58
$100,000.00
$0.00
$612,086.58
20536-57848 LIBRARY HVAC UPGRADE          
$1,091,200.00
$0.00
$0.00
$1,091,200.00
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
$15,236.00
$0.00
$0.00
$15,236.00
20541-57328 ALEWIFE COVE DREDGING
$0.00
$37,500.00
$0.00
$37,500.00
20547-57847 TOWN-WIDE CAMERA SYSTEM
$84,914.00
$86.00
$0.00
$85,000.00
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
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF FEBRUARY 29, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20547-57882 COMPUTER REPLACEMENTS
$0.65
$8,069.00
$0.00
$8,069.65
20500-43600 TURF FIELD RENTAL REVENUES
$0.00
$4,815.00
$0.00
$4,815.00
20560-55020 CLMS CHILLER REPLACEMENTS
$775,974.04
$0.00
$0.00
$775,974.04
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
$1,916,993.00
$0.00
$0.00
$1,916,993.00
20560-57883 FINANCING ENERGY EFFICIENT EQUIPMENT
$243,335.00
$0.00
$0.00
$243,335.00
20560-57884 CHROMEBOOK & IPAD EQUIPMENT
$608.00
$0.00
$0.00
$608.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$225,661.87
$225,661.87
TOTAL
$6,654,362.94
$1,632,108.88
$374,235.87
$8,660,707.69
 
Page 2




Insurance 
Administration Fund
Balance Sheet
February 29, 2024
Assets
   Cash and Cash Equivalents
9,140,221
   Accounts Receivable
1,249
   Due From Other Funds
491,257
Total Assets
9,632,728
Liabilities
   Accrued Liabilities (IBNR)
727,000
   Advance Payments
12,156.52
$      
Total Liabilities
739,157
Net Assets
   Unrestricted
$8,893,571
Total Net Assets
$
$8,893,571