January 2026 Financial Reports

Contributed Gifts Fund
January 31, 2026
R&P 
R&P 
R&P
R&P
R&P
R&P
FINANCE
POLICE
POLICE
POLICE
POLICE
POLICE
R&P
 MEMORIAL
FRANCES X.
CIVIC
DEIDRICK
AHJ
HELMET
R&P
TREES &
 SWEENEY
R&P
R&P
TRIANGLE
R&P
FIELD PRESS 
R&P
VETERANS'
PICNIC
R&P
DEPT.
DEPT.
DEPT.
DEPT.
PUBLIC 
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
CEMETERY
MEMORIAL
TABLES 
GOLF CART
AUDITORIUM
AUSTISM
VEHICLE
K-9
GENERAL 
SAFETY
FISCAL YEAR 2026
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
A/V UPGRADE
TRAINING
 CHALLENGE
 PROGRAM
DONATIONS
 DOCK
TOTAL
REVENUES
REC & PARKS MEMORIAL TREES & BENCHES 
DONATIONS
$20,785.00
K9 DONATIONS
$250.00
POLICE DEPT. GENERAL DONATIONS
$11,582.00
VETERANS' MEMORIAL DONATIONS
$5,000.00
AHJ PICNIC TABLES DONATIONS
$429.00
REC & PARKS GOLF CART DONATIONS
$250.00
TOTAL REVENUES
$0.00
$0.00
$20,785.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$5,000.00
$429.00
$250.00
$0.00
$0.00
$0.00
$250.00
$11,582.00
$0.00
$38,296.00
EXPENDITURES
07/26/2025 U.S. BANK
$151.00
07/26/2025 U.S. BANK
$37.99
07/26/2025 U.S. BANK
$296.90
08/25/2025 U.S. BANK
$15.98
08/29/25 ADP IMPORT
$100.00
08/15/25 MARK KOSMAN DESIGN
$140.00
09/25/2025 U.S. BANK
$1,743.48
09/26/25 COMPETITIVE SERVICE
$883.02
09/26/25 COMPETITIVE SERVICE
$883.02
09/26/25 BARCO
$675.60
09/26/25 BARCO PO 260247
$819.00
10/24/25 SAVTREE LLC
$307.35
10/24/25 SAVTREE LLC
$790.18
10/24/25 WHALING CITY GRAPHIC
$196.24
10/27/2025 U.S. BANK
$685.97
10/29/25 M.E. O'BRIEN
$31,380.00
11/13/25 PO 260428 WITMER ASSOCIAT
$1,287.00
11/25/2025 U.S. BANK
$1,094.10
11/25/2025 U.S. BANK
$5.47
12/19/25 BARCO PO 260247
($819.00)
12/19/25 BARCO 
$819.00
12/26/25 ADP IMPORT 
$189.90
12/26/2025 U.S. BANK
$3,320.42
01/26/2026 U.S. BANK
$212.36
01/26/2026 U.S. BANK
$615.26
01/12/26 WITMER ASSOCIAT
$342.00
01/20/26 JE CORECTION 122625 US BANK
$189.00
($189.00)
01/14/26 PO 260494 TRI COUNT MEMO
$2,004.00
TOTAL EXPENDITURES
$0.00
$0.00
$2,592.13
$0.00
$0.00
$31,380.00
$0.00
$0.00
$0.00
$0.00
$2,004.00
$0.00
$0.00
$151.00
$0.00
$0.00
$579.35
$11,469.76
$0.00
$48,176.24
NET CURRENT YEAR ACTIVITY
$0.00
$0.00
$18,192.87
$0.00
$0.00
($31,380.00)
$0.00
$0.00
$0.00
$0.00
$2,996.00
$429.00
$250.00
($151.00)
$0.00
$0.00
($329.35)
$112.24
$0.00
($9,880.24)
PRIOR YEAR BALANCE
$594.72
$129.60
($73.61)
$65.00
$987.97
$71,486.32
$1,140.00
$220.00
$2,910.00
$100.00
$0.00
$0.00
$2,440.00
$151.00
$1,700.00
$780.11
$9,427.35
$13,700.20
$7.04
$105,765.70
CURRENT YEAR BALANCE
$594.72
$129.60
$18,119.26
$65.00
$987.97
$40,106.32
$1,140.00
$220.00
$2,910.00
$100.00
$2,996.00
$429.00
$2,690.00
$0.00
$1,700.00
$780.11
$9,098.00
$13,812.44
$7.04
$95,885.46
Page 1 of 1

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2025-2025, THROUGH JANUARY 31, 2026
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  JANUARY 31, 2025
FISCAL YEAR 2026
FISCAL YEAR 2026
VARIANCE
FISCAL YEAR
FISCAL YEAR 2026
FISCAL YEAR 2026
PERCENT
FAVORABLE
2024-2025
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
GENERAL GOVERNMENT
Board of Selectmen
206,402
$114,947
55.69%
91,455
$112,210
Registrar of Voters
121,255
$74,381
61.34%
46,874
$87,942
Board of Finance
83,608
$80,521
96.31%
3,087
$81,280
Assessor
319,641
$193,025
60.39%
126,616
$188,746
Board of Assessment Appeals
1,829
$285
15.59%
1,544
$270
Tax Collector
227,817
$144,047
63.23%
83,770
$139,660
Finance Department
784,326
$549,546
70.07%
234,780
$480,539
Legal Department
295,000
$295,753
100.26%
(753)
$285,669
Town Clerk
272,301
$157,206
57.73%
115,095
$163,110
Planning and Zoning
695,016
$377,682
54.34%
317,334
$400,179
Building Maintenance
1,020,000
$814,255
79.83%
205,745
$780,944
Insurance
5,604,561
$3,498,603
62.42%
2,105,958
$4,807,871
Economic Development Commission
25,352
$9,463
37.33%
15,889
$9,591
Conservation Commission
18,250
$10,322
56.56%
7,928
$1,738
Zoning Board of Appeals
4,310
2,970
68.92%
1,340
3,000
Retirement Commission
7,200,257
$4,682,015
65.03%
2,518,242
$5,237,602
R.T.M.
17,403
$15,788
90.72%
1,615
$14,935
Building Department
321,515
$145,213
45.17%
176,302
$169,827
Youth Service Bureau
307,435
$136,108
44.27%
171,327
$188,639
Social Service Grants/Miscellaneous
101,481
$100,831
99.36%
650
$94,340
Contingency Fund
233,640
0
0.00%
233,640
0
Emergency Management
1,230,035
$639,456
51.99%
590,579
$618,463
Fire Services
4,046,770
$2,689,035
66.45%
1,357,735
$2,534,000
Police Department
7,122,210
$4,029,658
56.58%
3,092,552
$4,082,249
Public Works Department
5,179,149
$3,586,715
69.25%
1,592,434
$3,464,804
Conservation of Health
155,063
155,063
100.00%
0
148,407
Public Health Nursing
21,600
21,600
100.00%
0
26,297
Senior Citizens Commission
523,586
306,192
58.48%
217,394
302,867
Waterford Public Library
1,012,780
$572,711
56.55%
440,069
$587,239
Recreation and Parks
1,535,328
$927,470
60.41%
607,858
$989,903
Flood and Erosion Control Bd.
1,109
168
15.12%
941
229
Ethics Commission
900
652
72.45%
248
397
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2025-2025, THROUGH JANUARY 31, 2026
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  JANUARY 31, 2025
FISCAL YEAR 2026
FISCAL YEAR 2026
VARIANCE
FISCAL YEAR
FISCAL YEAR 2026
FISCAL YEAR 2026
PERCENT
FAVORABLE
2024-2025
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
Human Resources
244,204
$164,283
67.27%
79,921
$185,339
Information Technology
1,214,796
$1,052,153
86.61%
162,643
$945,659
Transfer to Waterford Special Activity Fund
0
$0
0.00%
0
$4,750
Transfer to Waterford Shellfish Fund
2,029
$2,029
100.00%
0
$1,290
Transfer to Capital Improvement Fund
2,634,372
$2,634,372
100.00%
0
$2,634,168
Transfer to Capital & Non-Recurring Fund
2,344,764
$2,344,764
100.00%
0
$3,350,899
Transfer to Dog Fund
100,000
$100,000
100.00%
0
$100,000
Debt Service
7,964,500
$7,645,464
95.99%
319,037
$7,740,182
Total General Government
$53,194,594
$38,274,744
71.95%
$14,919,850
$40,965,234
Board of Education
59,938,654
$30,957,536
51.65%
28,981,118
$32,647,687
Total General Fund
$113,133,248
$69,232,281
61.20%
$43,900,968
$73,612,921
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2025-2025, THROUGH JANUARY 31, 2026
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  JANUARY 31, 2025
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2025-2026
YEAR
YEAR
2025-2026
2025-2026
PERCENT
2025-2026
2024-2025
BUDGET
ACTUAL
RECEIVED
VARIANCE
ACTUAL
STATE OF CONNECTICUT
EDUCATION
EQUALIZED COST SHARING
$326,617
$163,222
49.97%
(163,395)
$163,222
HEALTH & WELFARE
$6,359
$6,292
98.95%
(67)
$6,350
SUB TOTAL
332,976
169,514
50.91%
(163,462)
169,572
GENERAL GOVERNMENT
PILOT-DISABLED
1,200
1,891
157.59%
691
$1,541
TIERED PILOT 
367,422
368,508
100.30%
1,086
$349,298
TAX RELIEF-VETERANS
5,000
3,365
67.30%
(1,635)
$4,033
COURT FINES
0
5,708
#DIV/0!
5,708
$10,219
CIVIL PREPAREDNESS
35,444
33,721
95.14%
(1,723)
$44,948
TELECOMMUNICATIONS PROPERTY TAX
58,071
0
0.00%
(58,071)
$0
TOWN AID ROADS-IMPROVED
321,360
215,440
67.04%
(105,920)
$321,360
LOCAL CAPITAL IMPROVEMENT (LOCIP)
177,241
0
0.00%
(177,241)
$0
SDE STATE GRANT
14,103
7,052
50.00%
(7,052)
$7,051
ENHANCEMENT 911
23,000
16,926
73.59%
(6,074)
$16,946
MUNICIPAL REVENUE SHARE GRANT
315,978
2,008
0.64%
(313,970)
$0
GRANTS FOR MUNICIPAL PROJECTS
34,255
0
0.00%
(34,255)
$0
TOTAL GENERAL GOVERNMENT
1,353,074
654,617
48.38%
(698,457)
755,396
TOTAL STATE OF CONNECTICUT
1,686,050
824,131
48.88%
(861,919)
924,968
OTHER SOURCES
EDUCATION
TUITION
57,585
35,302
61.30%
(22,283)
52,420
RENT & MISCELLANEOUS
1,500
2,500
166.67%
1,000
2,545
SUB TOTAL
59,085
37,802
63.98%
(21,283)
54,965
GENERAL GOVERNMENT
INTEREST & LIENS
413,060
141,017
34.14%
(272,043)
163,137
INTEREST ON INVESTMENTS
2,000,000
1,330,436
66.52%
(669,564)
1,734,816
RECREATION & PARKS
150,000
160,697
107.13%
10,697
103,172
FIRE SERVICES INSPECTIONS & PLAN FEES
8,875
7,915
89.18%
(960)
11,620
BUILDING INSPECTOR
589,155
257,593
43.72%
(331,562)
606,714
LICENSE, FEE, PERMIT, FINE
73,566
13,014
17.69%
(60,552)
11,662
LIBRARY
1,598
848
53.08%
(750)
864

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2025-2025, THROUGH JANUARY 31, 2026
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  JANUARY 31, 2025
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2025-2026
YEAR
YEAR
2025-2026
2025-2026
PERCENT
2025-2026
2024-2025
BUDGET
ACTUAL
RECEIVED
VARIANCE
ACTUAL
SALE OF EQUIPMENT
1,000
4,937
493.70%
3,937
10
SCRRRA REBATE
1,500
0
0.00%
(1,500)
1,654
NL RADIO COMM. NETWORK USE FEE
85,000
71,042
83.58%
(13,958)
0
BULKY WASTE FEES
112,000
70,302
62.77%
(41,698)
66,794
MISCELLANEOUS
26,572
35,203
132.48%
8,631
47,851
CONVEYANCE TAX
225,000
357,411
158.85%
132,411
225,493
EMS-REG COMM CTR FEES
6,000
3,000
50.00%
(3,000)
1,500
PLANNING& ZONING, ZBA, CONSRV COMM
55,121
28,579
51.85%
(26,542)
33,789
TOWN CLERK FEES
175,000
96,721
55.27%
(78,279)
88,804
LIENS -COLLECTED BY UTILITY COMMISSION
0
220
#DIV/0!
220
0
TIPPING FEES
275,000
97,300
35.38%
(177,700)
70,699
RECYCLING
50,000
24,843
49.69%
(25,157)
38,679
TRANSFERS FROM OTHER FUNDS
0.00
231,875
0.00%
231,875
32,673
TRANSFERS IN-PY ENCUMBRANCES
0
0
0.00%
0
4,789
EUGENE O'NEILL GATE/LEASE REVENUE
22,000
24,967
113.49%
2,967
22,942
YSB BOE CLERICAL STIPEND
5,000
5,000
100.00%
0
5,000
RENTAL OF BUILDINGS
50,000
75,735
151.47%
25,735
39,980
SENIOR SERVICES
15,552
2,652
17.05%
(12,900)
17,799
VERSA KART/BLUE BOXES
8,000
4,240
53.00%
(3,760)
5,180
BOE SCHOOL RESOURCE OFFICERS
90,000
0
0.00%
(90,000)
0
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
78,357
78,357
100.00%
0
75,927
SUB TOTAL
4,517,356
3,123,903
69.15%
(1,393,453)
3,411,548
TOTAL OTHER SOURCES
4,576,441
3,161,706
69.09%
(1,414,735)
3,466,513
PROPERTY TAXATION
CURRENT PROPERTY TAX
103,023,460
101,555,027
98.57%
(1,468,433)
96,888,570
PRIOR YEAR TAXES
543,528
234,090
43.07%
(309,438)
(912,056)
TOTAL PROPERTY TAXATION
103,566,988
101,789,117
98.28%
(1,777,871)
95,976,514
TOTAL REVENUES
109,829,479
105,774,954
96.31%
(4,054,525)
100,367,995

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
JANUARY 31, 2026
 
EXPENDED/
REMAINING
BALANCE
FUND 
DESCRIPTION
APPROPRIATION
ENCUMBERED
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%
433 OSWEGATCHIE FIRE HOUSE
13,319,471.00
1,186,767.59
12,132,703.41
8.91%
TOTALS
102,931,150.00
90,221,991.44
12,709,158.56
87.65%
0.00
PRIOR YEAR EXPENDITURES
89,035,223.85
CURRENT YEAR EXPENDITURES
1,186,767.59

TOWN OF WATERFORD
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
FLEET MANAGEMENT FUND
AS OF JANUARY 31, 2026
  
Revenues:
   Investment Income
79,702
   Vehicle Rentals
20,300
   Sale of Vehicles
26,082
   Sale of Equipment
2,051
Total Revenues
128,135
Expenditures:
   Equipment Replacement
278,998
   Vehicle Replacement
1,165,499
Total Expenditures
1,444,497
Excess (Deficiency) of Revenues Over Expenditures
(1,316,362)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(316,362)
Fund Balances - Beginning
2,649,340
Fund Balances - Ending
2,332,978

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
JANUARY 31,  2026
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
30126-55738 BOS FY26
FLEET MANAGEMENT PLAN
1,000,000.00
1,000,000.00
0.00
100.0%
1,000,000.00 T
31117-55803 BLDG MAINT FY17
PARKING LOT -YOUTH SERVICES
300,000.00
85,000.00
215,000.00
28.3%
31118-55803 BLDG MAINT FY18
PARKING LOT -YSB/POLICE 
195,320.00
57,000.00
138,320.00
29.2%
31120-55851 BLDG MAINT FY20
ADA IMPROVEMENTS YSB/PD
87,000.00
38,364.40
48,635.60
44.1%
31120-55852 BLDG MAINT FY20
TOWN HALL BATHROOMS
87,500.00
87,500.00
0.00
100.0%
31121-55851 BLDG MAINT FY21
ADA IMPROVEMENTS YSB/PD
80,700.00
4,639.00
76,061.00
5.7%
31122-55819 BLDG MAINT FY22
UST REPLACEMENT               
250,000.00
250,000.00
0.00
100.0%
7,278.68
31123-55904 BLDG MAINT FY23
UST REPLACEMENT EUGENE O'NEILL
260,000.00
260,000.00
0.00
100.0%
147,735.05
31123-55905 BLDG MAINT FY23
UST REPLACEMENT LIBRARY&PUBLIC SAFETY
420,000.00
420,000.00
0.00
100.0%
8,194.05
31124-55912 BLDG MAINT FY24
TOWN DOCK REPLACEMENT         
40,000.00
25,000.00
15,000.00
62.5%
31124-55913 BLDG MAINT FY24
JORDAN PARKHOUSE REPAIRS      
31,583.00
31,583.00
0.00
100.0%
1,430.76
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
153,000.00
0.00
100.0%
63,528.41
32224-55908 EMERGENCY MANAGEMENT FY24 APCO INTELLICOM GUIDECARD SYST
40,000.00
20,000.00
20,000.00
50.0%
32224-55909 EMERGENCY MANAGEMENT FY24 EVENTIDE NEXLOGDX RECORDER    
88,701.00
0.00
88,701.00
0.0%
32325-55916 FIRE SERVICES FY25
COHANZIE SKYLIGHT REPLACEMENT 
30,000.00
30,000.00
0.00
100.0%
2,900.00
32326-55923 FIRE SERVICES FY26
COHANZIE AIR CONDITIONING     
15,000.00
15,000.00
0.00
100.0%
32926-55924 POLICE DEPT FY26
MARINE UNIT UPDATES           
31,089.00
25,749.97
5,339.03
82.8%
33023-55890 PUBLIC WORKS FY23
ROAD RESURFACING EVERSOURCE AF
315,951.00
(449,026.83)
764,977.83
-142.1%
33025-55920 PUBLIC WORKS FY25
NIANTIC RIVER ROAD SIDEWALK RE
25,000.00
15,000.00
10,000.00
60.0%
33026-55022 PUBLIC WORKS FY26
RESURFACING OF ROADS  
1,533,283.00
0.00
1,533,283.00
33026-55925 PUBLIC WORKS FY26
ROAD RISK ASSESSMENT          
55,000.00
0.00
55,000.00
0.0%
33123-55019 UTILITY COMM FY23
CONTRACT #1 SEWER INTERCEPTOR EASEMENT ACCESS
250,000.00
250,000.00
0.00
100.0%
33123-55895 UTILITY COMM FY23
ROOF & SIDING REPLACEMENT     
50,000.00
33,280.52
16,719.48
66.6%
33720-55855 REC & PARKS FY20
TOWN COURT REPAIRS
1,447,058.00
1,447,058.00
0.00
100.0%
808.00
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
40,000.00
0.00
100.0%
33725-55838 REC & PARKS FY25
STENGER PARK BATHROOM & WALKWAY
10,500.00
7,200.00
3,300.00
68.6%
34723-55021 INFORMATION TECHNOLOGY  FY23AUDITORIUM MEETING ROOM UPDATES
272,000.00
207,984.53
64,015.47
76.5%
TOTALS
7,173,185.00
4,106,236.59
3,066,948.41
57.2%
1,231,874.95
PRIOR YEAR EXPENDITURES
2,393,747.77
CURRENT YEAR EXPENDITURES
1,712,488.82
Page 1 of 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF JANUARY 31, 2026
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20501-57639
REVALUATION
$210,000.48
$447,321.00
$0.00
$657,321.48
20510-57897
28 INDUSTRIAL DRIVE IMPROVEMENTS
$85,000.00
$0.00
$0.00
$85,000.00
20511-57740
COHANZIE SCHOOL REMEDIATION &
$0.00
$40,000.00
$0.00
$40,000.00
20511-57767
NEVINS COTTAGE REPAIRS
$18,070.14
$0.00
$0.00
$18,070.14
20511-57840
PLAN OF CONSERVATION DEVELOPMENT
$10,103.66
$0.00
$0.00
$10,103.66
20511-57870
MAGO POINT IMPROVEMENTS       
$36,161.88
$0.00
$0.00
$36,161.88
20511-57872
ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$4,769.20
$0.00
$0.00
$4,769.20
20511-57879
TOWN HALL BATHROOM REFURBISHMENT
$2,581.60
$0.00
$0.00
$2,581.60
20511-57889
PUBLIC SAFETY COMPLEX HVAC    
$0.00
$100,000.00
$0.00
$100,000.00
20511-57899
LIBRARY ELECTRICAL PROJECT
$7,000.00
$0.00
$0.00
$7,000.00
20522-57022
STATE RADIO CONVERSION PROJECT
($47,482.00)
$0.00
$0.00
($47,482.00)
20500-48771
LOAN PROCEEDS STATE RADIO CONVERSION PROJECT
($3,600,000.00)
$0.00
$0.00
($3,600,000.00)
20502-48050
RADIO SYSTEM REPLACEMENT GRANT
($1,000,000.00)
$0.00
$0.00
($1,000,000.00)
20502-48047
RADIO SYSTEM REPLACEMENT GRANT STATE BOND FUNDS
($500,000.00)
$0.00
$0.00
($500,000.00)
20522-57794
MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$21,510.50
$3,683.00
$0.00
$25,193.50
20523-57777
FIRE SERVICES -SCBA UPGRADE PROGRAM
$4,135.00
$898.00
$0.00
$5,033.00
20523-57792
OSWEGATCHIE-BUILDING RENOVATIONS
$156,244.07
$0.00
$0.00
$156,244.07
20523-59433
TRANSFERS OUT TO OSWEGATCHIE BUILDING FUND
$0.00
$0.00
$0.00
$0.00
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
20529-57871
POLICE DEPT BLDG  HVAC        
$0.00
$25,000.00
$0.00
$25,000.00
20530-57695
MUNICIPAL COMPLEX RENOVATION
$317,087.81
$6,100,833.00
$0.00
$6,417,920.81
20507-59205
FUNDING OFFSETS DEBT SERVICE-MUNICIPAL COMPLEX
($1,251,500.00)
($6,000,000.00)
$0.00
($7,251,500.00)
20530-57696
MUNICIPAL COMPLEX CLEAN UP
$4,370.23
$0.00
$0.00
$4,370.23
20530-57880
MAJOR/MINOR COLLECTOR ROAD PAVING
$0.00
$0.00
$60,025.37
$60,025.37
20530-57886
OLD NORWICH ROAD PAVING
$428,823.29
$0.00
$0.00
$428,823.29
20531-57685
I/I MITIGATION & CONTROL
$235,865.56
$0.00
$0.00
$235,865.56
20531-57816
OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB
$105,904.43
$0.00
$0.00
$105,904.43
20531-57881
PLASTIC WATER SERVICE LINE REPLACEMENT
$784,748.62
$0.00
$0.00
$784,748.62
20531-57890
WEIMES & MARILYN EJECTOR REPLACEMENT
($0.00)
$0.00
$50.20
$50.20
20531-57894
CROSS COUNTRY SEWER MAIN ACCESS
$149,130.88
$0.00
$0.00
$149,130.88
20531-57895
WATER TANK MANAGEMENT         
$2,726.00
$0.00
$0.00
$2,726.00
20531-57896
BARTLETT CORNER WATER BOOSTER 
$166,950.00
$0.00
$0.00
$166,950.00
20531-57898
ENGINEERING INTERLOCAL WATER A
$124,569.19
$0.00
$0.00
$124,569.19
20536-57848
LIBRARY HVAC UPGRADE          
($165,628.76)
$0.00
$0.00
($165,628.76)
20502-48757
CT PUBLIC LIBRARY CONSTRUCTION GRANT
($25,000.00)
$0.00
$0.00
($25,000.00)
20537-57735
LEARY PARK ACCESS ROAD & DRAINAGE
$20,000.00
$0.00
$0.00
$20,000.00
20537-57878
REPAIR OF PLEASURE BEACH SIDEWALK/PATH
$0.00
$145,000.00
$0.00
$145,000.00
20547-57775
VIRTUAL SERVER REPLACEMENT    
$0.00
$88,500.00
$0.00
$88,500.00
20547-57861
SWITCHES
$0.00
$2,258.00
$0.00
$2,258.00
20547-57882
COMPUTER REPLACEMENTS
$0.65
$74,925.00
$0.00
$74,925.65
20500-43600
TURF FIELD RENTAL REVENUES
$0.00
$4,815.00
$0.00
$4,815.00
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF JANUARY 31, 2026
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20560-55020
CLMS CHILLER REPLACEMENTS
$50,372.99
$0.00
$0.00
$50,372.99
20560-57820
WHS TRACK & FIELD REPLACEMENT
$0.00
$53,000.00
$0.00
$53,000.00
20560-57822
IT LEARNING BOARDS -END OF LIFE
$6.10
$27,319.88
$0.00
$27,325.98
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
$43,219.87
$0.00
$0.00
$43,219.87
20560-57883
FINANCING ENERGY EFFICIENT EQUIPMENT
$243,335.00
$0.00
$0.00
$243,335.00
20560-57884
CHROMEBOOK & IPAD EQUIPMENT
$17,608.00
$0.00
$0.00
$17,608.00
20560-57892
HVAC EVALUATION/REMEDIATION    
$0.00
$85,000.00
$0.00
$85,000.00
20560-57893
GREAT NECK SCHOOL FIELD DRAINAGE
$19,168.00
$250.00
$0.00
$19,418.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$1,072,868.14
$1,072,868.14
TOTAL
($3,320,147.61)
$1,573,002.88
$1,132,943.71
($614,201.02)
 
Page 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, 2026
BEGINNING 
FY26 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2025-2026
ENCUMBERED/ BAL (REVERTS
INTEREST 
OTHER 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
TO FUND)
INC
REVENUES
APPROPRIATED
DESIGNATED UNDESIGNATED
20501-57639
REVALUATION
$0.00
$532,700.00
$0.00
$125,000.00
$210,379.00
($210,379.00)
$378.52
$210,000.48
$447,321.00
$0.00
20510-57897
28 INDUSTRIAL DRIVE IMPROVEMENTS
$85,000.00
$0.00
$0.00
$85,000.00
$0.00
$0.00
20511-57740
COHANZIE SCHOOL REMEDIATION &
$0.00
$40,000.00
$0.00
$0.00
$40,000.00
$0.00
20511-57767
NEVINS COTTAGE REPAIRS
$28,070.14
$0.00
$0.00
$10,000.00
$18,070.14
$0.00
$0.00
20511-57840
PLAN OF CONSERVATION DEVELOPMENT
$10,103.66
$0.00
$0.00
$0.00
$10,103.66
$0.00
$0.00
20511-57870
MAGO POINT IMPROVEMENTS       
$36,347.34
$0.00
$0.00
$142,670.71
$142,485.25
$36,161.88
$0.00
$0.00
20511-57872
ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$52,769.20
$0.00
$0.00
$48,000.00
$4,769.20
$0.00
$0.00
20511-57879
TOWN HALL BATHROOM REFURBISHMENT
$8,026.89
$0.00
$0.00
$5,445.29
$2,581.60
$0.00
$0.00
20511-57889
PUBLIC SAFETY COMPLEX HVAC    
$0.00
$100,000.00
$0.00
$0.00
$100,000.00
$0.00
20511-57899
LIBRARY ELECTRICAL PROJECT
$0.00
$0.00
$0.00
$25,000.00
$18,000.00
$7,000.00
$0.00
$0.00
20522-57022
STATE RADIO CONVERSION PROJECT
$0.00
$0.00
$0.00
$1,000,000.00
$4,600,000.00
($1,000,000.00)
$4,647,482.00
($47,482.00)
$0.00
$0.00
20500-48771
LOAN PROCEEDS STATE RADIO CONVERSION PROJECT
$0.00
$0.00
$0.00
($3,600,000.00)
($3,600,000.00)
$0.00
$0.00
20522-57023
RADIO SYSTEM REPLACEMENT GRANT
$0.00
$0.00
$0.00
$1,500,000.00
$1,500,000.00
$0.00
$0.00
$0.00
20502-48050
RADIO SYSTEM REPLACEMENT GRANT
$0.00
$0.00
$0.00
($1,000,000.00)
($1,000,000.00)
$0.00
$0.00
20502-48047
RADIO SYSTEM REPLACEMENT GRANT STATE BOND FUNDS
$0.00
$0.00
$0.00
($500,000.00)
($500,000.00)
$0.00
$0.00
20522-57794
MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$21,510.50
$3,683.00
$0.00
$21,510.50
$3,683.00
$0.00
20523-57777
FIRE SERVICES -SCBA UPGRADE PROGRAM
$4,168.56
$0.00
$0.00
$50,000.00
$49,102.00
($49,102.00)
$49,135.56
$4,135.00
$898.00
$0.00
20523-57791
JORDAN-TRAFFIC LIGHT UPGRADE
$35,460.00
$0.00
$0.00
$35,460.00
$0.00
$0.00
$0.00
20523-57792
OSWEGATCHIE-BUILDING RENOVATIONS
$286,372.97
$0.00
$0.00
($719,471.00)
($589,342.10)
$156,244.07
$0.00
$0.00
20523-59433
TRANSFERS OUT TO OSWEGATCHIE BUILDING FUND
$0.00
$0.00
$0.00
$719,471.00
$719,471.00
$0.00
$0.00
$0.00
20523-57836
FIRE SERVICES CARPET REPLACEMENT
$0.00
$30,000.00
$0.00
$0.00
$30,000.00
$0.00
20523-57888
GOSHEN ROOF REPLACEMENT       
$0.00
$60,000.00
$0.00
$0.00
$60,000.00
$0.00
20529-57871
POLICE DEPT BLDG  HVAC        
$0.00
$0.00
$0.00
$25,000.00
$0.00
$25,000.00
$0.00
20530-57695
MUNICIPAL COMPLEX RENOVATION
$326,502.39
$6,100,833.00
$0.00
$9,414.58
$317,087.81
$6,100,833.00
$0.00
20507-59205
FUNDING OFFSETS DEBT SERVICE-MUNICIPAL COMPLEX
($1,251,500.00)
($6,000,000.00)
$0.00
($1,251,500.00)
($6,000,000.00)
$0.00
20530-57696
MUNICIPAL COMPLEX CLEAN UP
$4,370.23
$0.00
$0.00
$4,370.23
$0.00
$0.00
20530-57880
MAJOR/MINOR COLLECTOR ROAD PAVING
$223,392.42
$0.00
$0.00
$163,367.05
$60,025.37
$0.00
$0.00
$60,025.37
20530-57886
OLD NORWICH ROAD PAVING
$1,053,000.00
$0.00
$0.00
$624,176.71
$428,823.29
$0.00
$0.00
20531-57685
I/I MITIGATION & CONTROL
$235,865.56
$0.00
$0.00
$235,865.56
$0.00
$0.00
20531-57816
OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB
$1,259,606.68
$0.00
$0.00
($125,000.00)
$1,028,702.25
$105,904.43
$0.00
$0.00
20531-57881
PLASTIC WATER SERVICE LINE REPLACEMENT
$411,454.08
$200,000.00
$0.00
$500,000.00
$700,000.00
($700,000.00)
$326,705.46
$784,748.62
$0.00
$0.00
20531-57890
WEIMES & MARILYN EJECTOR REPLACEMENT
$8,047.17
$0.00
$0.00
$7,996.97
$50.20
($0.00)
$0.00
$50.20
20531-57894
CROSS COUNTRY SEWER MAIN ACCESS
$0.00
$0.00
$0.00
$200,000.00
$200,000.00
($200,000.00)
$50,869.12
$149,130.88
$0.00
$0.00
20531-57895
WATER TANK MANAGEMENT         
$0.00
$0.00
$0.00
$46,222.00
$46,222.00
($46,222.00)
$43,496.00
$2,726.00
$0.00
$0.00
20531-57896
BARTLETT CORNER WATER BOOSTER 
$0.00
$0.00
$0.00
$166,950.00
$166,950.00
($166,950.00)
$166,950.00
$0.00
$0.00
20531-57898
ENGINEERING INTERLOCAL WATER A
$0.00
$0.00
$0.00
$0.00
$125,000.00
$430.81
$124,569.19
$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 JANUARY 31, 2026
BEGINNING 
FY26 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2025-2026
ENCUMBERED/ BAL (REVERTS
INTEREST 
OTHER 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
TO FUND)
INC
REVENUES
APPROPRIATED
DESIGNATED UNDESIGNATED
20536-57848
LIBRARY HVAC UPGRADE          
$1,425,212.24
$0.00
$0.00
$0.00
$1,590,841.00
($165,628.76)
$0.00
$0.00
20502-48757
CT PUBLIC LIBRARY CONSTRUCTION GRANT
($250,000.00)
$0.00
$0.00
$0.00
$225,000.00
($25,000.00)
$0.00
$0.00
20537-57735
LEARY PARK ACCESS ROAD & DRAINAGE
$0.00
$20,000.00
$0.00
$0.00
$20,000.00
($20,000.00)
$20,000.00
$0.00
$0.00
20537-57798
CHILDREN'S PLAYGROUND-CIVIC TRIANGLE
$0.00
$0.00
$0.00
$25,000.00
$25,000.00
($25,000.00)
$25,000.00
$0.00
$0.00
$0.00
20537-57878
REPAIR OF PLEASURE BEACH SIDEWALK/PATH
$0.00
$145,000.00
$0.00
$0.00
$145,000.00
$0.00
20547-57775
VIRTUAL SERVER REPLACEMENT    
$0.00
$0.00
$0.00
$88,500.00
$0.00
$88,500.00
$0.00
20547-57861
SWITCHES
$0.00
$2,258.00
$0.00
$0.00
$2,258.00
$0.00
20547-57882
COMPUTER REPLACEMENTS
$0.65
$28,333.00
$0.00
$46,592.00
$0.65
$74,925.00
$0.00
20500-43600
TURF FIELD RENTAL REVENUES
$0.00
$4,815.00
$0.00
$0.00
$4,815.00
$0.00
20560-55020
CLMS CHILLER REPLACEMENTS
$929,774.04
$0.00
$0.00
$879,401.05
$50,372.99
$0.00
$0.00
20560-57820
WHS TRACK & FIELD REPLACEMENT
$466,600.00
$53,000.00
$0.00
$466,600.00
$0.00
$53,000.00
$0.00
20560-57822
IT LEARNING BOARDS -END OF LIFE
$6.10
$27,319.88
$0.00
$6.10
$27,319.88
$0.00
20560-57828
QH 10-YR RETRO COMMISSIONING
$0.00
$30,000.00
$0.00
$0.00
$30,000.00
$0.00
20560-57833
TENNIS COURTS
$856,601.25
$104,200.00
$0.00
$856,601.25
$0.00
$104,200.00
$0.00
20560-57841
BUS LOT OFFICE
$0.00
$150,000.00
$0.00
$0.00
$150,000.00
$0.00
20560-57842
SCHOOL SECURITY
$370,112.87
$0.00
$0.00
$326,893.00
$43,219.87
$0.00
$0.00
20560-57883
FINANCING ENERGY EFFICIENT EQUIPMENT
$243,335.00
$0.00
$0.00
$243,335.00
$0.00
$0.00
20560-57884
CHROMEBOOK & IPAD EQUIPMENT
$197,608.00
$0.00
$0.00
$180,000.00
$17,608.00
$0.00
$0.00
20560-57892
HVAC EVALUATION/REMEDIATION    
$0.00
$85,000.00
$0.00
$0.00
$85,000.00
$0.00
20560-57893
GREAT NECK SCHOOL FIELD DRAINAGE
$0.00
$278,750.00
$0.00
$71,500.00
$350,000.00
($350,000.00)
$330,832.00
$19,168.00
$250.00
$0.00
20500-49000
TRANSFERS IN 
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$851,970.58
($25,000.00)
$245,897.56
$0.00
$0.00
$1,072,868.14
 
$7,077,817.94
$1,995,891.88
$851,970.58
$2,344,764.00
$2,792,653.00
($2,767,653.00)
($25,000.00)
$13,498,028.23
$60,075.57
$245,897.56
$367,485.25
($3,320,147.61)
$1,573,002.88
$1,132,943.71
Page 2

Insurance 
Administration Fund
Balance Sheet
January 31, 2026
Assets
   Cash and Cash Equivalents
4,147,681
   Accounts Receivable
5,552
   Due From Other Funds
33,707
Total Assets
4,186,940
Liabilities
   Accrued Liabilities (IBNR)
949,000
   Advance Payments
7,729
Total Liabilities
956,729
Net Assets
   Unrestricted
$3,230,212
Total Net Assets
$
$3,230,212