January 2025 Financial Reports

Contributed Gifts Fund
January 31, 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 
01/16/25 PURCHASE ORDER KUSTOM SIGNALS
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 
TOTAL EXPENDITURES
$594.72
$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
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
$8,310.00
$100.00
Page 1 of 2

Contributed Gifts Fund
January 31, 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 
01/16/25 PURCHASE ORDER KUSTOM SIGNALS
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 
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
$1,908.50
$207.00
$86.25
$3,653.00
$150.93
$0.00
$0.00
$0.00
$0.00
$4,087.43
$11,239.56
$0.00
$15,921.71
$2,440.00
$0.00
$0.00
$0.00
$5,002.81
($8,487.97)
$0.00
$8,587.12
$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
$4,751.41
$7.04
$99,642.19
Page 2 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH JANUARY 31, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  JANUARY 31, 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
$112,210
54.36%
94,195
$109,027
Registrar of Voters
$96,525
$87,942
91.11%
8,583
$53,132
Board of Finance
$80,713
$81,280
100.70%
(567)
$78,738
Assessor
$311,713
$188,746
60.55%
122,967
$163,492
Board of Assessment Appeals
$1,742
$270
15.52%
1,472
$223
Tax Collector
$232,331
$139,660
60.11%
92,671
$136,687
Finance Department
$767,856
$480,539
62.58%
287,317
$479,470
Legal Department
$295,000
$285,669
96.84%
9,331
$350,416
Town Clerk
$264,849
$163,110
61.59%
101,739
$153,562
Planning and Zoning
$686,543
$400,179
58.29%
286,364
$372,601
Building Maintenance
$997,190
$780,944
78.31%
216,246
$731,667
Insurance
$4,962,182
$4,807,871
96.89%
154,311
$4,760,447
Economic Development Commission
$25,267
$9,591
37.96%
15,676
$9,634
Conservation Commission
$18,250
$1,738
9.53%
16,512
$13,444
Zoning Board of Appeals
$4,310
3,000
69.60%
1,310
3,091
Retirement Commission
$7,760,257
$5,237,602
67.49%
2,522,655
$4,318,549
R.T.M.
$18,903
$14,935
79.01%
3,968
$14,834
Building Department
$326,532
$169,827
52.01%
156,705
$147,187
Youth Service Bureau
$294,579
$188,639
64.04%
105,940
$165,959
Social Service Grants/Miscellaneous
$98,960
$94,340
95.33%
4,620
$87,081
Contingency Fund
$87,505
0
0.00%
87,505
0
Emergency Management
$1,196,762
$618,463
51.68%
578,299
$537,105
Fire Services
$3,696,138
$2,534,000
68.56%
1,162,138
$2,431,556
Police Department
$7,078,401
$4,082,249
57.67%
2,996,152
$3,793,191
Public Works Department
$5,086,238
$3,464,804
68.12%
1,621,435
$3,216,063
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
302,867
62.93%
178,381
287,418
Waterford Public Library
$1,006,837
$587,239
58.33%
419,598
$620,327
Recreation and Parks
$1,484,660
$989,903
66.68%
494,757
$875,486
Flood and Erosion Control Bd.
$1,109
229
20.66%
880
243
Ethics Commission
$900
397
44.13%
503
324
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH JANUARY 31, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  JANUARY 31, 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
$185,339
70.15%
78,865
$196,345
Information Technology
$1,231,423
$945,659
76.79%
285,764
$926,315
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
$2,514,192
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
$7,740,182
95.44%
369,564
$7,730,968
Total General Government
$53,441,089
$40,965,233
76.65%
$12,475,856
$38,110,215
Board of Education
$57,611,181
$32,647,687
56.67%
24,963,494
$31,259,826
Total General Fund
$111,052,270
$73,612,920
66.29%
$37,439,350
$69,370,041
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH JANUARY 31, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  JANUARY 31, 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
10,219
#DIV/0!
10,219
$2,323
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
7,051
50.36%
(6,949)
$10,577
ENHANCEMENT 911
22,500
16,946
75.32%
(5,554)
$16,937
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
755,395
57.21%
(565,023)
1,227,184
TOTAL STATE OF CONNECTICUT
1,653,221
924,967
55.95%
(728,254)
1,397,216
OTHER SOURCES
EDUCATION
TUITION
0
52,420
#DIV/0!
52,420
0
RENT & MISCELLANEOUS
1,500
2,545
169.67%
1,045
2,022
SUB TOTAL
1,500
54,965
3664.33%
53,465
2,022
GENERAL GOVERNMENT
INTEREST & LIENS
381,744
163,137
42.73%
(218,607)
184,980
INTEREST ON INVESTMENTS
2,000,000
1,734,816
86.74%
(265,184)
2,008,065
RECREATION & PARKS
202,001
103,172
51.07%
(98,829)
180,091
FIRE SERVICES INSPECTIONS & PLAN FEES
7,320
11,620
158.74%
4,300
950
BUILDING INSPECTOR
530,591
606,714
114.35%
76,123
334,533
LICENSE, FEE, PERMIT, FINE
18,320
11,662
63.66%
(6,658)
9,281
LIBRARY
0
864
#DIV/0!
864
862

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH JANUARY 31, 2025
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  JANUARY 31, 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
0
BULKY WASTE FEES
112,000
66,794
59.64%
(45,206)
66,683
MISCELLANEOUS
50,000
47,851
95.70%
(2,149)
135,574
CONVEYANCE TAX
200,000
225,493
112.75%
25,493
182,644
EMS-REG COMM CTR FEES
6,000
1,500
25.00%
(4,500)
1,500
PLANNING& ZONING, ZBA, CONSRV COMM
55,980
33,789
60.36%
(22,191)
24,817
TOWN CLERK FEES
175,000
88,804
50.74%
(86,197)
84,550
LIENS -COLLECTED BY UTILITY COMMISSION
0
0
#DIV/0!
0
2,860
TIPPING FEES
275,000
70,699
25.71%
(204,301)
70,484
RECYCLING
50,000
38,679
77.36%
(11,321)
24,099
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
39,980
79.96%
(10,020)
37,446
SENIOR SERVICES
10,198
17,799
174.53%
7,601
14,305
VERSA KART/BLUE BOXES
8,000
5,180
64.75%
(2,820)
4,990
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
75,927
75,927
100.00%
0
73,218
SUB TOTAL
4,230,081
3,411,547
80.65%
(818,534)
4,247,114
TOTAL OTHER SOURCES
4,231,581
3,466,512
81.92%
(765,069)
4,249,136
PROPERTY TAXATION
CURRENT PROPERTY TAX
99,867,307
96,888,570
97.02%
(2,978,737)
94,095,578
PRIOR YEAR TAXES
486,849
(912,056)
-187.34%
(1,398,905)
261,724
TOTAL PROPERTY TAXATION
100,354,156
95,976,515
95.64%
(4,377,641)
94,357,302
FUND BALANCE APPLIED
1,000,000
0
0.00%
(1,000,000)
0
TOTAL REVENUES
107,238,958
100,367,994
93.59%
(6,870,964)
100,003,654

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
JANUARY 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 JANUARY 31, 2025
  
Revenues:
   Investment Income
120,757
   Vehicle Rentals
34,288
   Sale of Vehicles
20,225
   Sale of Equipment
8,430
Total Revenues
183,699
Expenditures:
   Equipment Replacement
198,960
   Vehicle Replacement
2,645,274
Total Expenditures
2,844,234
Excess (Deficiency) of Revenues Over Expenditures
(2,660,535)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(1,660,535)
Fund Balances - Beginning
3,501,938
Fund Balances - Ending
1,841,403

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
JANUARY 31, 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
38,000.00
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      
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
JANUARY 31, 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
5,500.00
5,000.00
52.4%
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
5,237,465.74
2,772,279.90
65.4%
1,032,672.52
PRIOR YEAR EXPENDITURES
2,523,101.04
CURRENT YEAR EXPENDITURES
2,714,364.70
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 JANUARY 31,2025
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)
$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)
$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
$149,415.80
$452,825.62
$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
$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
$24,523.60
$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 JANUARY 31,2025
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
$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
$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
$1,625,579.86
$273,580.88
$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)
$358,904.21
$0.00
$0.00
$736,260.24
 
$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)
$7,975,142.51
$182,648.81
$358,904.21
$3,517,588.94
$2,046,526.88
$997,040.05
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF JANUARY 31, 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
$90,763.00
$25,000.00
$0.00
$115,763.00
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
$452,825.62
$0.00
$0.00
$452,825.62
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
$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
$237,214.39
$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          
$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 
($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
$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 JANUARY 31, 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
$273,580.88
$0.00
$0.00
$273,580.88
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
$736,260.24
$736,260.24
TOTAL
$3,517,588.94
$2,046,526.88
$997,040.05
$6,561,155.87
 
Page 2

Insurance 
Administration Fund
Balance Sheet
January 31, 2025
Assets
   Cash and Cash Equivalents
8,957,389
   Accounts Receivable
3,853
Total Assets
8,961,242
Liabilities
   Accounts Payable
0
   Accrued Liabilities (IBNR)
864,000
   Due to other funds
308,541
   Advance Payments
7,639
Total Liabilities
1,180,180
Net Assets
   Unrestricted
$7,781,062
Total Net Assets
$
$7,781,062