February 2025 Financial Reports

Contributed Gifts Fund
February 28, 2025
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 
R&P
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
CEMETERY
FISCAL YEAR 2025
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
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
TOTAL REVENUES
$0.00
$0.00
$0.00
$0.00
$227.00
$10,000.00
$0.00
$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
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
01/4/2025  JP MORGAN CHASE
1/3/2025 LIONS DISTRICT
1/6/2025 LIONS DISTRICT
1/17/2025 PETTY CASH 
01/31/25 CAPITOL UNIFORMS 
01/31/25 WHALING CITY GRAPHIC
01/13/25 PURCHASE ORDER K9 STORM INC.
01/31/25 P EPPS REIMBURSEMENT 
02/28/25 KUSTOM SIGNALS
02/4/2025  JP MORGAN CHASE
02/25/2025  US NATIONAL BANK
02/14/25 PURCHASE ORDER M&T SPORTS 
CONSTRUCTION LLC
$5,400.00
TOTAL EXPENDITURES
$594.72
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$5,400.00
$0.00
NET CURRENT YEAR ACTIVITY
($594.72)
$0.00
$0.00
$0.00
$227.00
$10,000.00
$0.00
$0.00
($5,400.00)
$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
CURRENT YEAR BALANCE
$0.00
$129.60
($1,053.61)
$65.00
$987.97
$70,486.32
$1,140.00
$220.00
$2,910.00
$100.00
Page 1 of 2

Contributed Gifts Fund
February 28, 2025
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
01/4/2025  JP MORGAN CHASE
1/3/2025 LIONS DISTRICT
1/6/2025 LIONS DISTRICT
1/17/2025 PETTY CASH 
01/31/25 CAPITOL UNIFORMS 
01/31/25 WHALING CITY GRAPHIC
01/13/25 PURCHASE ORDER K9 STORM INC.
01/31/25 P EPPS REIMBURSEMENT 
02/28/25 KUSTOM SIGNALS
02/4/2025  JP MORGAN CHASE
02/25/2025  US NATIONAL BANK
02/14/25 PURCHASE ORDER M&T SPORTS 
CONSTRUCTION LLC
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 
GO CART
AUDITORIUM
AUSTISM
VEHICLE
K-9
GENERAL 
SAFETY
DONATIONS
A/V UPGRADE
TRAINING
 CHALLENGE
 PROGRAM
DONATIONS
 DOCK
TOTAL
$9,090.24
$2,751.59
$2,440.00
$2,440.00
$0.00
$0.00
$0.00
$9,090.24
$2,751.59
$0.00
$24,508.83
$4,995.00
$180.47
$42.50
$241.00
$282.52
$100.00
$500.00
$1,359.52
$877.79
$425.53
$101.98
$110.00
$55.00
$50.00
$207.00
$86.25
$3,653.00
$150.93
$1,908.50
$1,255.49
$10.98
$0.00
$0.00
$0.00
$0.00
$4,087.43
$12,506.03
$0.00
$22,588.18
$2,440.00
$0.00
$0.00
$0.00
$5,002.81
($9,754.44)
$0.00
$1,920.65
$0.00
$151.00
$1,700.00
$780.11
$4,424.54
$13,239.38
$7.04
$91,055.07
$2,440.00
$151.00
$1,700.00
$780.11
$9,427.35
$3,484.94
$7.04
$92,975.72
Page 2 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH FEBRUARY 28, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  FEBRUARY 28, 2024
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
$127,230
61.64%
79,175
$125,108
Registrar of Voters
$96,525
$94,921
98.34%
1,604
$58,279
Board of Finance
$80,713
$81,386
100.83%
(673)
$79,788
Assessor
$311,713
$210,400
67.50%
101,313
$186,049
Board of Assessment Appeals
$1,742
$445
25.54%
1,297
$457
Tax Collector
$232,331
$154,750
66.61%
77,581
$153,309
Finance Department
$767,856
$524,010
68.24%
243,846
$528,768
Legal Department
$295,000
$286,121
96.99%
8,879
$351,041
Town Clerk
$264,849
$181,347
68.47%
83,502
$171,196
Planning and Zoning
$686,543
$447,585
65.19%
238,958
$418,993
Building Maintenance
$997,190
$886,094
88.86%
111,096
$818,433
Insurance
$4,962,182
$4,810,232
96.94%
151,950
$4,768,983
Economic Development Commission
$25,267
$9,591
37.96%
15,676
$26,634
Conservation Commission
$18,250
$1,740
9.53%
16,510
$13,446
Zoning Board of Appeals
$4,310
3,009
69.80%
1,302
3,091
Retirement Commission
$7,760,257
$5,655,723
72.88%
2,104,535
$4,677,552
R.T.M.
$18,903
$15,433
81.64%
3,470
$15,334
Building Department
$326,532
$185,460
56.80%
141,072
$182,973
Youth Service Bureau
$294,579
$211,573
71.82%
83,006
$188,160
Social Service Grants/Miscellaneous
$98,960
$94,340
95.33%
4,620
$87,081
Contingency Fund
$2,994
0
0.00%
2,994
0
Emergency Management
$1,196,762
$715,730
59.81%
481,032
$607,384
Fire Services
$3,780,649
$2,734,951
72.34%
1,045,698
$2,612,799
Police Department
$7,078,401
$4,591,155
64.86%
2,487,246
$4,241,408
Public Works Department
$5,086,238
$3,789,074
74.50%
1,297,164
$3,486,753
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
341,999
71.06%
139,249
323,794
Waterford Public Library
$1,006,837
$663,680
65.92%
343,157
$697,939
Recreation and Parks
$1,484,660
$1,075,387
72.43%
409,273
$977,449
Flood and Erosion Control Bd.
$1,109
229
20.66%
880
244
Ethics Commission
$900
397
44.13%
503
356
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH FEBRUARY 28, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  FEBRUARY 28, 2024
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
$198,738
75.22%
65,466
$212,826
Information Technology
$1,231,423
$977,863
79.41%
253,560
$996,904
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
$2,634,168
$2,634,168
100.00%
0
$2,787,620
Transfer to Capital & Non-Recurring Fund
$3,350,899
$3,350,899
100.00%
0
$2,949,150
Transfer to Dog Fund
$100,000
$100,000
100.00%
0
$100,000
Debt Service
$8,109,746
$7,940,696
97.92%
169,051
$7,962,075
Total General Government
$53,441,089
$43,277,097
80.98%
$10,163,992
$40,978,667
Board of Education
$57,611,181
$35,645,812
61.87%
21,965,369
$34,780,179
Total General Fund
$111,052,270
$78,922,909
71.07%
$32,129,361
$75,758,846
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH FEBRUARY 28, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  FEBRUARY 28, 2024
 
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
$163,222
50.00%
(163,222)
$163,222
HEALTH & WELFARE
$6,359
$6,350
99.86%
(9)
$6,810
SUB TOTAL
332,803
169,572
50.95%
(163,231)
170,032
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
23,277
#DIV/0!
23,277
$7,435
CIVIL PREPAREDNESS
23,000
44,948
195.42%
21,948
$29,445
TELECOMMUNICATIONS PROPERTY TAX
58,071
0
0.00%
(58,071)
$0
TOWN AID ROADS-IMPROVED
321,360
321,360
100.00%
(0)
$321,360
LOCAL CAPITAL IMPROVEMENT (LOCIP)
177,479
0
0.00%
(177,479)
$0
SDE STATE GRANT
14,000
10,577
75.55%
(3,424)
$10,577
ENHANCEMENT 911
22,500
16,946
75.32%
(5,554)
$22,583
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
771,978
58.46%
(548,440)
1,237,942
TOTAL STATE OF CONNECTICUT
1,653,221
941,550
56.95%
(711,671)
1,407,974
OTHER SOURCES
EDUCATION
TUITION
0
52,420
#DIV/0!
52,420
74,334
RENT & MISCELLANEOUS
1,500
3,070
204.67%
1,570
2,515
SUB TOTAL
1,500
55,490
3699.33%
53,990
76,849
GENERAL GOVERNMENT
INTEREST & LIENS
381,744
197,551
51.75%
(184,193)
213,032
INTEREST ON INVESTMENTS
2,000,000
1,923,359
96.17%
(76,641)
2,303,329
RECREATION & PARKS
202,001
106,242
52.59%
(95,759)
181,911
FIRE SERVICES INSPECTIONS & PLAN FEES
7,320
12,120
165.57%
4,800
1,050
BUILDING INSPECTOR
530,591
649,203
122.35%
118,612
358,930
LICENSE, FEE, PERMIT, FINE
18,320
13,332
72.77%
(4,988)
10,225
LIBRARY
0
974
#DIV/0!
974
957

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH FEBRUARY 28, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  FEBRUARY 28, 2024
 
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
1,532
BULKY WASTE FEES
112,000
70,786
63.20%
(41,214)
72,245
MISCELLANEOUS
50,000
54,033
108.07%
4,033
140,242
CONVEYANCE TAX
200,000
244,203
122.10%
44,203
196,572
EMS-REG COMM CTR FEES
6,000
1,500
25.00%
(4,500)
1,500
PLANNING& ZONING, ZBA, CONSRV COMM
55,980
35,863
64.06%
(20,117)
26,713
TOWN CLERK FEES
175,000
98,330
56.19%
(76,671)
95,599
LIENS -COLLECTED BY UTILITY COMMISSION
0
1,960
#DIV/0!
1,960
2,860
TIPPING FEES
275,000
86,299
31.38%
(188,701)
86,690
RECYCLING
50,000
39,300
78.60%
(10,700)
27,110
TRANSFERS FROM OTHER FUNDS
0.00
32,673
#DIV/0!
32,673
770,791
TRANSFERS IN-PY ENCUMBRANCES
0
4,789
#DIV/0!
4,789
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
44,960
89.92%
(5,040)
42,378
SENIOR SERVICES
10,198
17,907
175.59%
7,709
14,528
VERSA KART/BLUE BOXES
8,000
5,930
74.13%
(2,070)
5,460
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
75,927
75,927
100.00%
0
73,218
SUB TOTAL
4,230,081
3,746,845
88.58%
(483,236)
4,661,263
TOTAL OTHER SOURCES
4,231,581
3,802,335
89.86%
(429,246)
4,738,112
PROPERTY TAXATION
CURRENT PROPERTY TAX
99,867,307
98,489,371
98.62%
(1,377,936)
95,464,834
PRIOR YEAR TAXES
486,849
(856,002)
-175.83%
(1,342,851)
282,691
TOTAL PROPERTY TAXATION
100,354,156
97,633,369
97.29%
(2,720,787)
95,747,525
FUND BALANCE APPLIED
1,000,000
0
0.00%
(1,000,000)
0
TOTAL REVENUES
107,238,958
102,377,254
95.47%
(4,861,704)
101,893,611

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
FEBRUARY 28, 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 FEBRUARY 28, 2025
  
Revenues:
   Investment Income
131,792
   Vehicle Rentals
39,688
   Sale of Vehicles
22,857
   Sale of Equipment
8,430
Total Revenues
202,767
Expenditures:
   Equipment Replacement
198,960
   Vehicle Replacement
2,726,731
Total Expenditures
2,925,691
Excess (Deficiency) of Revenues Over Expenditures
(2,722,924)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(1,722,924)
Fund Balances - Beginning
3,501,938
Fund Balances - Ending
1,779,014

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
FEBRUARY 28, 2025
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
38,364.40
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
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      
31,583.00
13,102.24
18,480.76
41.5%
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
78,671.59
74,328.41
51.4%
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
56,000.00
1,000.00
98.2%
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
52,040.50
1,248.50
97.7%
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
119,512.99
(39,412.99)
149.2%
33022-55883
PUBLIC WORKS FY22
WILLIAM ST CONCRETE SIDEWALK 
42,300.00
30,676.53
11,623.47
72.5%
33022-55884
PUBLIC WORKS FY22
SUMMER STREET/CONCRETE SW     
33,420.00
12,788.35
20,631.65
38.3%
33022-55885
PUBLIC WORKS FY22
DAVID STREET/CONCRETE SW      
43,680.00
30,191.22
13,488.78
69.1%
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
FEBRUARY 28, 2025
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
102,800.00
147,200.00
41.1%
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
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
8,000.00
2,500.00
76.2%
34723-55021
INFORMATION TECHNOLOGY  FY23
AUDITORIUM MEETING ROOM UPDATES
272,000.00
179,250.93
92,749.07
65.9%
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
8,009,745.64
5,240,330.14
2,769,415.50
65.4%
1,032,672.52
PRIOR YEAR EXPENDITURES
2,523,101.04
CURRENT YEAR EXPENDITURES
2,717,229.10
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 FEBRUARY 28,2025
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)
$15,188.00
$80,527.00
$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)
$385.68
$374,114.32
$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
$225,290.00
$42,843.85
$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
$189,410.99
$25,416.05
$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
$286,000.00
$211,920.82
$676,320.60
$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
$36,000.00
$332,087.81
$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
$619,520.83
$236,352.42
$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
$24,542.23
$237,195.76
$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 REPLACEMENT
$0.00
$0.00
$0.00
$19,800.00
$19,800.00
($19,800.00)
$19,800.00
$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 FEBRUARY 28,2025
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
$120,391.76
$970,808.24
$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
$50,000.00
($50,000.00)
$49,984.00
$16.00
$0.00
$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
$0.00
$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
$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
$1,899,160.74
$0.00
$0.00
$1,618,567.72
$280,593.02
$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
$243,335.00
($243,335.00)
$143,698.73
$99,636.27
$0.00
$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
($602,210.00)
$402,462.54
$0.00
$0.00
$493,818.57
 
$8,780,820.26
$1,352,108.88
$693,566.03
$3,350,899.00
$3,456,195.00
($2,932,116.00)
($524,079.00)
$8,184,588.75
$182,648.81
$402,462.54
$3,869,777.70
$1,770,891.88
$754,598.38
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF FEBRUARY 28, 2025
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
$80,527.00
$25,000.00
$0.00
$105,527.00
20511-57870 MAGO POINT IMPROVEMENTS       
$374,114.32
$0.00
$0.00
$374,114.32
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
$42,843.85
$0.00
$0.00
$42,843.85
20511-57876 SW SCHOOL UNDERGROUND TANK
$0.00
$0.00
$81,208.75
$81,208.75
20511-57879 TOWN HALL BATHROOM REFURBISHMENT
$25,416.05
$0.00
$0.00
$25,416.05
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
$676,320.60
$0.00
$0.00
$676,320.60
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
$332,087.81
$6,100,833.00
$0.00
$6,432,920.81
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
$236,352.42
$0.00
$0.00
$236,352.42
20530-57886 OLD NORWICH ROAD PAVING
$1,053,000.00
$0.00
$0.00
$1,053,000.00
20531-57685 I/I MITIGATION & CONTROL
$237,195.76
$0.00
$0.00
$237,195.76
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 REPLACEMENT
$19,800.00
$0.00
$0.00
$19,800.00
20536-57848 LIBRARY HVAC UPGRADE          
$970,808.24
$0.00
$0.00
$970,808.24
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 
$16.00
$0.00
$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
$0.00
$53,000.00
$0.00
$53,000.00
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF FEBRUARY 28, 2025
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
$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
$280,593.02
$0.00
$0.00
$280,593.02
20560-57884 CHROMEBOOK & IPAD EQUIPMENT
$608.00
$0.00
$0.00
$608.00
20560-57891 ENERGY EFFICIENCY PROGRAM     
$99,636.27
$0.00
$0.00
$99,636.27
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
$493,818.57
$493,818.57
TOTAL
$3,869,777.70
$1,770,891.88
$754,598.38
$6,395,267.96
 
Page 2

Insurance 
Administration Fund
Balance Sheet
February 28, 2025
Assets
   Cash and Cash Equivalents
7,499,452
   Accounts Receivable
4,045
   Due From Other Funds
441,130
Total Assets
7,944,627
Liabilities
   Accrued Liabilities (IBNR)
864,000
   Advance Payments
7,085
Total Liabilities
871,085
Net Assets
   Unrestricted
$7,073,542
Total Net Assets
$
$7,073,542