Board of Finance Regular Meeting Agenda (linked)

PIPTEEN ROPE FERRY ROAD
WATERFORD, CT 06385-2886
PHONE: 860-442-0553
www.waterfordct.org
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BOARD OF FINANCE ce <a
AGENDA a
Waterford Town Hall December9,2020 “a=
Zoom Meeting 7:00 p.m.
Topic: Board of Finance Meeting
Time: Dec 9, 2020 07:00 PM Eastern Time (US and Canada)
Dial by your location
+1 312 626 6799 US (Chicago)
+1 929 205 6099 US (New York)
Meeting ID: 820 6039 1207
Passcode: 925662
Find your local number: https://usO2web.zoom.us/u/kekPriSTGO
1. Establishment of a quorum and call to order.
2. Public Comment.
3. Election of Chair.
4. Election of Clerk.
5. Approval and acceptance of minutes:
a. Special Meeting Minutes from November 18, 2020.
6. Review and approval of the Board of Finance budget for FY2022.
7. Review and approval of the Contingency budget for FY2022.
8. Review and approval of the Debt Service budget for FY2022.

Board of Finance Regular Agenda, 12/9/20
Page 2
9. Selection of Board of Finance liaisons to Town of Waterford Boards and Commissions’ for
a term of one year. (See attached list)
a. Board-of Education
Board of Selectmen
Utility Commission
Recreation and Parks Commission
Police Commission
Senior Citizen Commission
Youth Services Advisory Council
Emergency Management Advisory Council
Representative Town Meeting
Municipal Complex Improvement Building Committee
“om rm hoa st
10. Appointment of Board of Finance member to serve on the Information Technology
Committee for a term of one year December, 2020 to December, 2021.
11. Appointment of Board of Finance member to serve on the Ad Hoc Committee to Screen
Social Service Grant budgets for a term of one year December, 2020 to December, 2021.
12. Appointment of Board of Finance Representative to the Fleet Management Ad Hoc
Committee for a term of one year December, 2020 to December, 2021.
13. Appointment of two Board of Finance members to serve on the RTM Long Range Fiscal
Planning Committee for a term of one year December, 2020 to December, 2021.
14. Old Business.
15. New Business.
16. Liaison Reports
17. Correspondence
a. Virginia Bielucki, Town Accountant, Status of Contingency FY21.
18. Adjournment
Ronald Fedor, Chairman

TOWN OF WATERFORD
GENERAL FUND
2021-2022 PROPOSED BUDGET
DEPT/AGENCY: 16103 BOARD OF FINANCE
s 12/9/20
ee cee ACTUAL Pe ae oe eh Department
2019/2020 | 2020/2021. |... 2020/2021... EXPEND/ 2021/2022 DEPT/| 2021/2022 Department “PERCENT
LINE ws, ACTUAL RIM. | ADDITIONAL/| ENCUMB.AS |> ‘AGENCY APPROVED |. INCREASE/ ‘| INCREASE/
ITEM. DESCRIPTION: EXPENDED |. APPROP. |. TRANSFERS OF 11/23/20... } REQUEST BD/COMM: (DECREASE) (DECREASE)
PERSONNEL COSTS
51210 CLERICAL/TECHNICA_ 1,262 4,100 335 3,611 (489) -11.93%
51920 FILCA 97 300 26 276 (24) -8.00%
aaah 1,359 4,400 0.| 2361 3,887: 0 (513) -11.66%
SERVICES -
52010 ADVERTISING 1,950 2,300 2,300 0 0.00%
52030 PROFESSIONAL FEES 58,100 59,300 55,000 59,300 0 0.00%
52070 REIMBURSABLE EXPENSE 0 0 0 0 #DIV/0!
re ’ 60,050 61,600 0 55,000: 61,600 0:1: Of 0.00%
MATERIALS & SUPPLIES.’
53010 |OFFICE SUPPLIES 9 0 16 0 0 #DIV/0!
cero: 9 0 0 "16 0: SOR 0 #DIV/0!
DEPARTMENT TOTAL 61,418 66,000 0 55,377: 65,487 0 (513) ~0.78%
wv ea)j

BUDGET FUNCTION
THE BOARD OF FINANCE HAS THE RESPONSIBILITIES AS ESTABLISHED BY WATERFORD ORDINANCE 3.3 (BOARD OF
EDUCATION).
“THE BOARD OF FINANCE SHALL PREPARE THE TOWN BUDGET AND LAY THE TAXES IN ACCORDANCE WITH
SECTION 7-344 OF THE GENERAL STATUTES. THE BOARD MAY APPORTION TAXES BETWEEN YEARS IN
ACCORDANCE WITH SECTION 7-346 OF THE GENERAL STATUTES. THE BOARD MAY TRANSFER UNEXPENDED
BALANCES IN ACCORDANCE WITH SECTION 7-347 OF THE GENERAL STATUTES. THE BOARD MAY APPROVE SPECIAL
APPROPRIATIONS IN ACCORDANCE WITH SECTION 7-348 OF THE GENERAL STATUTES. THE BOARD SHALL
PRESCRIBE THE METHOD BY WHICH, AND THE PLACE WHERE, ALL RECORDS AND BOOKS OF ACCOUNTS OF THE
TOWN OR OF ANY DEPARTMENT OR SUBDIVISION THEREOF SHALL BE KEPT. THE BOARD SHALL ARRANGE FOR THE
ANNUAL AUDIT AS REQUIRED UNDER CHAPTER 111 OF THE GENERAL STATUTES. THE BOARD OF FINANCE SHALL
PUBLISH AN ANNUAL REPORT AS SET FORTH IN SECTION 7-406 OF THE GENERAL STATUTES.
THE BOARD OF FINANCE SHALL HAVE ALL OTHER POWERS AND DUTIES AS BESTOWED BY THE GENERAL
STATUTES.”

Board of Finance
Fiscal Year 2022
Town of Waterford
FY2022 BUDGET SUMMARY
PERSONNEL COSTS
Personnel costs cover the board’s clerical support. The FY22 budget request is decreased by 11.66%
because of changes in personnel and changes in the 5-year averages for number of meetings and
total hours needed to record the board’s minutes and actions.
Previous budgets budgeted for an additional employee to support the Board of Finance. Now, this
support is received through the Town’s finance department fiscal assistant which has decreased the
clerical line in the budget.
SERVICES
The FY22 budget request reflects no change from FY21.
MATERIALS & SUPPLIES
The FY22 budget request does not include any materials or supplies.

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TOWN OF WATERFORD
ADVERTISING - FINANCE DEPARTMENT
2021/2022 FISCAL YEAR
52010; ADVERTISING 1,330 2,1 05
2,061 1,967 1,953 | 1.950
ACCOUNT JUSTIFICATION
Legal notices for Public Hearing and printing of Proposed Budget in newspaper as required by Charter.

TOWN OF WATERFORD
PROFESSIONAL SERVICES - BOARD OF FINANCE
2021/2022 FISCAL YEAR
52030[PROFESSIONAL SERVICES
58,100 |
20,000 | 59,300
ACCOUNT JUSTIFICATION 
.
Fee to conduct annual audit as required by the Municipal Auditing Act - Chapter 111 of Connecticut State Statutes

TOWN OF WATERFORD
REIMBURSABLE TOWN EXPENSES - FINANCE DEPARTMENT
2021/2022 FISCAL YEAR
52070[REIMB TOWN EXPENSES 0 25 0 25 0 0 Ol
ACCOUNT JUSTIFICATION
Out of pocket expenses paid for by Board members or Town employees

TOWN OF WATERFORD
OFFICE SUPPLIES - BOARD OF FINANCE
2021/2022 FISCAL YEAR
53010}OFFICE SUPPLIES
ACCOUNT JUSTIFICATION
Miscellaneous office supplies, such as name plates for new board members, not purchased through the consumable supplies line :tem in
Finance.

TOWN OF WATERFORD
GENERAL FUND
2021-2022 PROPOSED BUDGET
DEPT/AGENCY: 10121 CONTINGENCY
12/9/26
a |. ACTUAL 2021/2022 os -
eas ~ | 2019/2020. |. 2020/2021 2020/2021. EXPEND.& - DEPT/ Department. | Department
LINED Jo “ACTUAL@ oR TN ADDITIONAL/ | ENCUMB AS. AGENCY Request § Request %
TEM « DESCRIPTION EXPENDED. | “APPROP: TRANSFERS ©}. OF 11/5/26 REQUEST.) Yrerease | Increaxe
MISCELEANEOUS
59010 |CONTINGENCY 114,934 265,000 77,044 265,000 0 0.00%
: SUBTOTAL]|> 114,934]: ° 265,000 F nee 77,044 -265,000'T- i a 0.00%
l
DEPARTMENT TOTAT. 
114,934-|. 265,000 a) “07 Qd4 “265,000 0 0.00%

CONTINGENCY
FISCAL YEAR 2022 BUDGET
BUDGET FUNCTION
Section 7-348 of the Connecticut General Statues provides that “the estimate of expenditures submitted
«the Board of Finance to the annual town meeting or annual budget meeting may include a
Yécommended appropriation for a contingent fund in an amount not to exceed three percent (3%) of the
total estimated expenditures for the current fiscal year.”
Specific use of the 2021-2022 contingency is unknown at this time, the amount is appropriated for the use
of unanticipated expenses. Examples of unanticipated expenses include:
e Payment of accrued time for employee retirement
e Pension contribution rate increases (the Town is not notified of its contribution rate until February)
e Accrued vacation/sick time buy-outs at termination
e Other unanticipated expenditures that may arise during the course of the fiscal year

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2021-2022 PROPOSED BUDGET
TOWN OF WATERFORD
GENERAL FUND
DEPT/AGENCY: 10139 DEBT SERVICE
12/9/2020
- me eens | ACTUAL |. 2021/2022 me ee
. 2019/2020 | 2020/2021 | 2020/2021. | EXPEND & | DEPT/ | 2021/2022. | Department | Department.
LINE S ACTUAL | RIM. | ADDITIONAL/| ENCUMB AS | AGENCY |APPROVED| Request $ | Request %
ITEM — ‘DESCRIPTION EXPENDED |» APPROP. | TRANSFERS | OF 11/23/20 | REQUEST | BD/COMM.|~ Increase. |. Increaxe
PRINCIPAL & INTEREST
56025 OSWEGATCHIE PRINCIFAL 735,000 735,000 735,000 0 (735,000) #DIV/0!
56026 OSWEGATCHIE INTEREST 33,075 9,190 9,190 0 (9,190) #DIV/0!
56029 HIGH SCHOOL BOND PRINCIPAL 1,550,000] 1,755,000 1,755,000| 1,755,000 0 0.00%
56032 HIGH SCHOOL BOND INTEREST 658,795 592,700 592,700 522,495 (70,205) -13.44%
56033 SCHOOLS ISSUE OF 2014 PRINCIPAL 750,000 750,000 750,000 815,000 65,000 7.98%
56034 SCHOOLS ISSUE OF 2014 INTEREST 459,469 429,470 429,470 399,469 (30,001) -7,51%
56035 2014 BOND REFUNDING - PRINCIPAL 830,000 840,000 340,000 835,000 (5,000) -0.60%
56036 2014 BOND REFUNDING - INTEREST 382,025 240,280 240,280 206,750 (33,530) -16.22%
56037 2017 BOND REFUNDING - PRINCIPAL 330,000 325,000 325,000] 1,050,000 725,000 69.05%
56038 2017 BOND REFUNDING - INTEREST 640,100 630,300 630,300 609,650 (20,650) -3,39%
56039 2019 BOND REFUNDING PRINCIPAL 0 655,000 655,000 700,000 45,000 6.43%
56040 2019 BOND REFUNDING INTEREST 0 442,470 442,470 375,750 (66,720) -17.76%
56041 2019 BAN'S MUNI COMP $10M ISSUE 0 224,380 224,380 0 (224,380) #DIV/0!
56042 2020 MUNICIPAL COMPLEX - PRINCIPAL 7) 0 685,000 685,000 100.00%
56043 2020 MUNICIPAL COMPLEX - INTEREST 0 0 0 457,975 457,975 100.00%
DEPARTMENT TOTAL “7,389,902 | 7,628,790. 0 | <'7,628,790-| = 8,412,089 0 783,299 9.31%

: DEBT SERVICE
FISCAL YEAR 2022 BUDGET
BUDGET FUNCTION/SUMMARY
PER TOWN OF WATERFORD ORDINANCE 3.2.3, THE FIRST SELECTMAN SHALL DIRECT THE
ESTABLISHMENT, ADMINISTRATION, AND COORDINATION OF A MUNICIPAL CAPITAL IMPROVEMENT PLAN
WHICH SHALL ADDRESS PROJECTS TO BE STARTED WITHIN FIVE YEARS; SHALL BE INTEGRATED WITH
THE TOWN PLAN OF DEVELOPMENT; AND SHALL CONTAIN RECOMMENDED FUNDING METHODS FOR EACH
PROJECT.
SAID CAPITAL IMPROVEMENTS INCLUDE BUT ARE NOT LIMITD TO, PURCHASE OF PROPERTY,
CONSTRUCTION AND/OR RENOVATION OF FACILITIES, AND MAINTENANCE OF TOWN-OWNED LAND,
INFRASTRUCTURE AND FACILITIES.
THE DEBT SERVICE BUDGET IS USED TO FINANCE LONG-TERM CAPITAL PROJECTS AND MAY BY ONE OR
ANY COMBINATION OF GENERAL FUND APPROPRIATIONS, SHORT-TERM BORROWING, LONG-
TERM BONDING, GRANTS, SPECIAL ASSESSMENTS, SPECIAL REVENUE FUND APPROPRIATIONS AND
DONATIONS.
The FY22 budget request is $8,412,089 (9.31%) higher than fiscal year 2021 mainly due to the new Municipal
Complex Bond that closed in July 2021. There is also a higher principal payment due for the 2017 Bond
Refunding. Note that the bond for the Oswegatchie project has been settled during fiscal year 2021.

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O Town of Waterford
Bonded Debt History
Original Issues
2007 G.O. Bonds ~ Additions and Renovations to Clark Lane Middle School $15,865,000
2009 G.O. Bonds — Additions and Renovations to Quaker Hill Elementary School S 8,500,000
2011 G.O. Bonds — Additions and Renovations to Oswegatchie Elementary School $14,000,000
2012 G.O. Bonds — Additions and Renovations Great Neck Elementary School $15,640,000
2013 G.O. Bonds ~ Additions and Renovations to Waterford High School $33,750,000
2014 G.O. Bonds — Additions and Renovations to Waterford High School $13,700,000
Renovations Quaker Hill Elementary S 851,545
Renovations Oswegatchie Elementary § 720,425
Renovations Great Neck Elementary S 658,030
Total $15,930,000
2020 G.O. Bonds — Municipal Complex Garage Addition and Renovations $13,655,000
Total Bonded $15,096,084
Refunding Issues
2014 G.O. Refunding Bonds Refunding of G.O. Bonds, Issue 2007 S 9,440,000
Original 2007 Issue $15,865,000 for Additions and Renovations to Clark Lane Middle Schoo!
2017 G.O. Refunding Bonds $14,585,000
Refunding of G.O. Bonds, Issue 2009 S 4,900,000
Refunding of G.O. Bonds, Issue 2011 S 7,350,000
Refunding of G.O. Bonds, Issue 2013 S 4,000,000
Total Refunded $16,250,000
2019 G.O. Refunding Bonds Refunding of G.O. Bonds, Issue 2012 S 9,085,000
Total Refunded $10,375,000

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O BOND DEBT SERVICE
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Town of Waterford, Connecticut
General Obligation Bonds, Series 2020
FINAL NUMBERS
Period
Ending Principal Coupon Interest Debt Service
06/30/2021 306,175.56 306,175.56
06/30/2022 685,000 5.000% 457,975.00 1,142,975.00
06/30/2023 685,000 5.000% 423,725.00 1,108,725.00
06/30/2024 685,000 5.000% 389,475.00 1,074,475.00
06/30/2025 685,000 5.000% 355,225.00 1,040,225.00
06/30/2026 685,000 5.000% 320,975.00 1,005,975.00
06/30/2027 685,000 5.000% 286,725.00 971,725.00
06/30/2028 685,000 5.000% 252,475.00 937,475.00
06/30/2029 685,000 5.000% 218,225.00 903,225.00
06/30/2030 685,000 4.000% 187,400.00 872,400.00
06/30/2031 685,000 3.000% 163,425.00 848,425.00
06/30/2032 685,000 3.000% 142,875.00 827,875.00
06/30/2033 680,000 3.000% 122,400.00 802,400.00
06/30/2034 680,000 2.000% 105,400.00 785,400.00
06/30/2035 680,000 2.000% 91,800.00 771,800.00
06/30/2036 680,000 2.000% 78,200.00 758,200.00
06/30/2037 -680,000 2.000% 64,600.00 744,600.00
06/30/2038 680,000 2.125% 50,575.00 730,575.00
06/30/2039 680,000 2.125% 36,125.00 716,125.00
06/30/2040 680,000 2.125% 21,675.00 701,675.00
06/30/2041 680,000 2.125% 7,225.00 687,225.00
13,655,000 4,082,675.56 17,737,675.56
Jul 8, 2020 12:16 pm Prepared by Hilltop Securities Inc. {mjb) (Finance 8.500 Waterford, Connecticut:2020-2020_1) Page 4

Hilltopsecurities FO?
Ailtop Holdings Company. M U Nic ipa! Comp! in4
BOND DEBT SERVICE
\©) Town of Waterford, Connecticut
General Obligation Bonds, Series 2020
FINAL NUMBERS
Period Annual
Ending Principal Coupon Interest Debt Service Debt Service
03/15/2021 306,175.56 306,175.56
06/30/2021 306,175.56
09/15/2021 685,000 5.000% 237,550.00 922,550.00
03/15/2022 220,425.00 220,425.00
06/30/2022 1,142,975.00
09/15/2022 $85,000 5.000% 220,425.00 $05,425.00
03/15/2023 203,300.00 203,300.00
06/30/2023 1,108,725.00
09/15/2023 685,000 5.000% 203,300.00 888,300.00
03/15/2024 186,175.00 186,175.00
06/30/2024 1,074,475.00
09/15/2024 685,000 5.000% 186,175.00 871,175.00
03/15/2025 169,050.00 169,050.00
06/30/2025 1,040,225.00
09/15/2025 685,000 5.000% 169,050.00 854,050.00
03/15/2026 151,925.00 151,925.00
06/30/2026 1,005,975.00
09/15/2026 685,000 5.000% 151,925.00 836,925.00
03/15/2027 134,800.00 134,800.00
06/30/2027 971,725.00
09/15/2027 685,000 5.000% 134,800.00 819,800.00
03/15/2028 117,675.00 117,675.00
06/30/2028 937,475.00
09/15/2028 685,000 5.000% 117,675.00 802,675.00
03/15/2029 100,550.00 100,550.00
06/30/2029 903,225.00
09/15/2029 685,000 4.000% 100,550.00 785,550.00
03/15/2030 86,850.00 86,850.00
06/30/2030 872,400.00
09/15/2030 685,000 3.000% 86,850.00 771,850.00
03/15/2031 76,575.00 76,575.00
06/30/2031 848,425.00
09/15/2031 685,000 3.000% 76,575.00 761,575.00
03/15/2032 66,300.00 66,300.00
06/30/2032 827,875.00
09/15/2032 680,000 3.000% 66,300.00 746,300.00
03/15/2033 56,100.00 56,100.00
06/30/2033 802,400.00
09/15/2033 680,000 2.000% 56,100.00 736,100.00
03/15/2034 49,300.00 49,300.00
06/30/2034 785,400.00
09/15/2034 680,000 2.000% 49,300.00 729,300.00
03/15/2035 42,500.00 42,500.00
06/30/2035 771,800.00
09/15/2035 680,000 2.000% 42,500.00 722,500.00
03/15/2036 35,700.00 35,700.00
06/30/2036 758,200.00
09/15/2036 680,000 2.000% 35,700.00 715,700.00
03/15/2037 28,900.00 28,900.00
06/30/2037 744,600.00
09/15/2037 680,000 2.125% 28,900.00 708,900.00
03/15/2038 21,675.00 21,675.00
06/30/2038 730,575.00
09/15/2038 680,000 2.125% 21,675.00 701,675.00
03/15/2039 14,450.00 14,450.00
06/30/2039 716,125.00
09/15/2039 680,000 2.125% 14,450.00 694,450.00
03/15/2040 7,225.00 7,225.00
06/30/2040 701,675.00
09/15/2040 680,000 2.125% 7,225.00 687,225.00
06/30/2041 687,225.00
13,655,000 4,082,675.56 17,737,675.56 17,737,675.56
Jul 8, 2020 12:16 pm Prepared by Hilltop Securities Inc. (mjb) (Finance 8.500 Waterford, Connecticut:2020-2020_1) Page 5

HilltopSecurities Sy
AHiltop Holdings Company.
Waterford Outstanding Debt Post 2019 Refunding
BOND DEBT SERVICE
Periad
Ending Principal Coupon Interest Debt Service
06/30/2021 5,060,000 *F % 2,344,370.57 7,404,370.57
06/30/2022 5,155,000 *e % 2,114,113.76 7,269,113.76
06/30/2023 5,200,000 ee 1,925,351.26 7,125,351.26
06/30/2024 5,400,000 ee 9 1,738,470.01 7,138,470.01
06/30/2025 5,605,000 ee % 1,534,607.51 7,139,607.51
06/30/2026 5,700,000 ee OY 1,322,488.76 7,022,488.76
06/30/2027 5,485,000 ee % 1,086,388.76 6,571,388.76
06/30/2028 4,650,000 ** % 851,513.76 5,501,513.76
06/30/2029 4,910,000 *t % 656,588.76 5,566,588.76
06/30/2030 4,560,000 *e 491,626.26 5,051,626.26
06/30/2031 4,565,000 xt % 333,751.26 4,898,751.26
06/30/2032 2,910,000 ee % 206,885.00 3,116,885.00
06/30/2033 2,890,000 *t % 106,975.00 2,996,975.00
06/30/2034 940,000 3.875% 36,425.00 976,425.00
63,030,000 14,749,555.67 77,779,555.67
Jan 14,2020 3:43 pm Prepared by HilltopSecurities (sc)
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 1

HilltopSecurities ad
AHilitop Holdings Company.
=~
C: i DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
2012 General Obligation Bonds - Post 2019 Refunding
Bond Component
Annual
Period Debt Debt
Ending Principal Interest Seivice Service
0 0 0 0
Jan 14,2020 3:43 pm Prepared by HilitopSecurities (sc) ; {Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 2

HilltopSecurities Se
A Hilltop Holdings Company.
LOI4 Kelrunding
© DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$9,085,000 General Obligation Bonds, Series 2019
Final Numbers
Bond Component
Perlod Annual
Ending Principal Coupon Interest Debt Service Debt Service
08/01/2020 655,000 4.000% 245,844.31 900,844.31
02/01/2021 196,625.00 196,625.00
06/30/2021 1,097,469.31
08/01/2021 700,000 5.000% 196,625.00 896,625.00
02/01/2022 179,125.00 179,125.00
06/30/2022 1,075,750.00
08/01/2022 715,000 5.000% 179,125.00 894,125.00
02/01/2023 161,250.00 161,250.00
06/30/2023 1,055,375.00
08/01/2023 675,000 5.000% 161,250.00 836,250.00
02/01/2024 144,375.00 144,375.00
06/30/2024 980,625.00
08/01/2024 855,000 5.000% 144,375.00 999,375.00
02/01/2025 123,000.00 123,000.00
06/30/2025 1,122,375.00
08/01/2025 870,000 5.000% 123,000.00 993,000.00
02/01/2026 101,250.00 101,250.00
06/30/2026 1,094,250.00
08/01/2026 885,000 5.000% 101,250.00 986,250.00
02/01/2027 79,125.00 79,125.00
06/30/2027 1,065,375.00
08/01/2027 905,000 5.000% 79,125.00 984,125.00
02/01/2028 56,500.00 56,500.00
06/30/2028 1,040,625.00
08/01/2028 915,000 4.000% 56,500.00 971,500.00
02/01/2029 38,200.00 38,200.00
06/30/2029 1,009,700.00
08/01/2029 950,000 4.000% 38,200.00 988,200.00
02/01/2030 19,200.00 19,200.00
06/30/2030 1,007,400.00
08/01/2030 960,000 4.000% 19,200.00 979,200.00
06/30/2031 979,200.00
9,085,000 2,443,144.31 11,528,144.31 11,528,144.31
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc) {Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 7

HilltopSecurities I
Adilltop Haklings Company.
© DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
GO Bonds, Issue of 2011 - Post 2017 Refunding
Bond Component
Period Annual
Ending Principal Coupon Interest Debt Service Debt Service
08/01/2020 735,000 2.500% 9,187.50 744,187.50
06/30/2021 744,187.50
735,000 9,187.50 744,187.50 744,187.50
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc) (Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 8

HittopSecurties FM SOIT KeLend ingJ
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$14,585,000 General Obligation Refunding Bonds, Issue of 2017
Bond Component
Annual
Period Debt Debt
Ending Principal Coupon Interest Service Service
08/01/2020 325,000 3.000% 317,575 642,575
02/01/2021 312,700 312,700
06/30/2021 955,275
08/01/2021 1,050,000 3.000% 312,700 1,362,700
02/01/2022 296,950 296,950
06/30/2022 : 1,659,650
08/01/2022 1,055,000 5.000% 296,950 1,351,950
02/01/2023 270,575 270,575
06/30/2023 1,622,525
08/01/2023 1,070,000 5.000% 270,575 1,340,575
02/01/2024 243,825 243,825
06/30/2024 1,584,400
08/01/2024 1,085,000 5.000% 243,825 1,328,825
02/01/2025 216,700 216,700
06/30/2025 1,545,525
08/01/2025 1,070,000 5.000% 216,700 1,286,700
02/01/2026 189,950 189,950
06/30/2026 ; 1,476,650
08/01/2026 2,830,000 5.000% 189,950 3,019,950
02/01/2027 119,200 119,200
06/30/2027 3,139,150
08/01/2027 2,820,000 5.000% 119,200 2,939,200
02/01/2028 48,700 48,700
06/30/2028 2,987,900
08/01/2028 1,070,000 4.000% 48,700 1,118,700
02/01/2029 27,300 27,300
06/30/2029 1,146,000
08/01/2029 685,000 4.000% 27,300 712,300 .
02/01/2030 , 13,600 13,600
06/30/2030 ; 725,900
08/01/2030 680,000 4.000% 13,600 693,600
06/30/2031 693,600
13,740,000 3,796,575 17,536,575 17,536,575
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc) (Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 6

HilltopSecurities Se
Adiltop Hok/ings Company.
BO Relund ing
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$9,440,000 General Obligation Refunding Bonds, Issue of 2014
a
Bond Component
Period Annual
Ending Principal Coupon Interest Debt Service Debt Service
08/15/2020 840,000 5.000% 130,637.50 970,637.50
02/15/2021 109,637.50 109,637.50
06/30/2021 1,080,275.00
08/15/2021 835,000 3.000% 109,637.50 944,637.50
02/15/2022 97,112.50 97,112.50
06/30/2022 1,041,750.00
08/15/2022 830,000 3.250% 97,112.50 927,112.50
02/15/2023 83,625.00 83,625.00
06/30/2023 : 1,010,737.50
08/15/2023 825,000 5.000% 83,625.00 908,625.00
02/15/2024 63,000.00 63,000.00
06/30/2024 971,625.00
08/15/2024 835,000 5.000% 63,000.00 898,000.00
02/15/2025 42,125.00 42,125.00
06/30/2025 940,125.00
08/15/2025 840,000 5.000% 42,125.00 882,125.00
02/15/2026 21,125.00 21,125.00
06/30/2026 903,250.00
08/15/2026 845,000 5.000% 21,125.00 866,125.00
06/30/2027 866,125.00
5,850,000 963,887.50 6,813,887.50 6,813,887.50
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc)
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 5

HilltopSecurities Se
AHiltop Holdings Company.
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$15,930,000 General Obligation Bonds, issue of 2014
Bond Component
Period Annual
Ending Principal Coupon interest Debt Sei vice Debt Service
09/15/2020 214,734.38 214,734.38
03/15/2021 750,000 4.000% 214,734.38 964,734.38
06/30/2021 1,179,468.76
09/15/2021 199,734.38 199,734.38
03/15/2022 815,000 4.000% 199,734.38 1,014,734.38
06/30/2022 . 1,214,468.76
09/15/2022 183,434.38 183,434.38
03/15/2023 845,000 3.000% 183,434.38 1,028,434.38
06/30/2023 1,211,868.76
09/15/2023 170,759.38 170,759.38
03/15/2024 875,000 3.000% 170,759.38 1,045,759.38
06/30/2024 1,216,518.76
09/15/2024 157,634.38 157,634.38
03/15/2025 875,000 3.000% 157,634.38 1,032,634.38
06/30/2025 1,190,268.76
09/15/2025 144,509.38 144,509.38
03/15/2026 920,000 3.000% 144,509.38 1,064,509.38
06/30/2026 1,209,018.76
09/15/2026 130,709.38 130,709.38 :
03/15/2027 925,000 3.000% 130,709.38 1,055,709.38
06/30/2027 1,186,418.76
09/15/2027 116,834.38 116,334.38
03/15/2028 925,000 3.200% 116,834.38 1,041,834.38
06/30/2028 1,158,668.76
09/15/2028 102,034.38 102,034.38
03/15/2029 925,000 3.250% 102,034.38 1,027,034.38
06/30/2029 1,129,068.76
09/15/2029 87,003.13 87,003.13
03/15/2030 925,000 3.500% 87,003.13 1,012,003.13
06/30/2030 1,099,006.26
09/15/2030 70,815.63 70,815.63
03/15/2031 925,000 3.625% 70,815.63 995,815.63
06/30/2031 1,066,631.26
09/15/2031 54,050.00 54,030.00
03/15/2032 940,000 3.750% 54,050.00 994,050.00
06/30/2032 1,048,100.00
09/15/2032 36,425.00 36,425.00
03/15/2033 940,000 3.875% 36,425.00 976,425.00
Jan 14, 2020 3:43 pm Prepared by HilltopSecurities (sc)
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page 3

HilltopSecurities Si]
AHilltop Holdings Company-
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$15,930,000 General Obligation Bonds, Issue of 2014
Bond Component
Period Annual
Ending Principal Coupon Interest Debt Service Debt Service
06/30/2033 1,012,850.00
09/15/2033 18,212.50 18,212.50
03/15/2034 940,000 3.875% 18,212.50 958,212.50
06/30/2034 976,425.00
12,525,000 3,373,781.36 15,898,781.36 15,898,781.36
Jan 14,2020 3:43 pm Prepared by HilltopSecurities (sc) (Finance 7.015 s:\,..\Outstaning Debt Waterford 6-30-10:POST2019) Page 4

HilltopSecurities Sy
A Hilltop Holdings Company.
DETAILED BOND DEBT SERVICE
Town of Waterford, Connecticut
$33,750,000 Genarl Obligation Bonds, Issue of 2013 - Post 2017 Refundin
Serial Component
Period Annual
Ending Principal Coupon Interest Debt Service Debt Service
08/15/2020 1,755,000 4.000% 313,897.50 2,068,897.50
02/15/2021 278,797.50 278,797.50
06/30/2021 2,347,695.00
08/15/2021 1,755,000 4.000% 278,797.50 2,033,797.50
02/15/2022 243,697.50 243,697.50
06/30/2022 2,277,495.00
08/15/2022 1,755,000 2.000% 243,697.50 1,998,697.50
02/15/2023 226,147.50 226,147.50
06/30/2023 2,224,845.00
08/15/2023 1,955,000 2.250% 226,147.50 2,181,147.50 ,
02/15/2024 204,153.75 204,153.75
06/30/2024 2,385,301.25
08/15/2024 1,955,000 2.250% 204,153.75 2,159,153.75
02/15/2025 182,160.00 182,160.00
06/30/2025 2,341,313.75
08/15/2025 2,000,000 2.500% 182,160.00 2,182,160.00
02/15/2026 157,160.00 157,160.00
06/30/2026 ; 2,339,320.00
08/15/2026 157,160.00 157,160.00
02/15/2027 157,160.00 157,160.00
06/30/2027 314,320.00
08/15/2027 157,160.00 157,160.00
02/15/2028 157,160.00 157,160.00
06/30/2028 314,320.00
08/15/2028 2,000,000 3.250% 157,160.00 2,157,160.00
02/15/2029 124,660.00 124,660.00
06/30/2029 2,281,820.00
08/15/2029 2,000,000 3.000% 124,660.00 2,124,660.00
02/15/2030 94,660.00 94,660.00
06/30/2030 2,219,320.00
08/15/2030 2,000,000 3.000% 94,660.00 2,094,660.00
02/15/2031 64,660.00 64,660.00
06/30/2031 2,159,320.00
08/15/2031 1,970,000 3.100% 64,660.00 2,034,660.00
02/15/2032 34,125.00 34,125.00
06/30/2032 2,068,785.00
08/15/2032 1,950,000 3.500% 34,125.00 1,984,125.00
06/30/2033 1,984,125.00
21,095,000 4,162,980.00 25,257,980.00 25,257,980.00
Jan 14,2020 3:43 pm Prepared by HilltopSecurities (sc)
(Finance 7.015 s:\...\Outstaning Debt Waterford 6-30-10:POST2019) Page9

Board of Finance
Liaison Appointments
2020-2021
Liaison
Board/Commission/Committee
Notes
Glenn Patterson
Board of Education
Senior Citizens Commission
Municipal Complex Improvement Bldg Comm.
RTM Long Range Fiscal Planning Committee
12/2019-12/2020
12/2019-12/2020
12/2019-12/2020
12/2019-12/2020
Ronald Fedor
Board of Selectmen
Representative Town Meeting (RTM)
Information Technology Committee
12/2019-12/2020
12/2019-12/2020
12/2019-12/2020
Vacant Utility Commission 12/2019-12/2020
Police Commission 12/2019-12/2020
Mark Geer Recreation & Parks Commission 12/2019-12/2020
Youth Services Advisory Council
12/2019-12/2020
John "Bill" Sheehan
Emergency Management Advisory Council
Ad Hoc Committee to Screen Social Service Grant
Budgets
Fleet Management Ad Hoc Committee
12/2019-12/2020
12/2019-12/2020
12/2019-12/2020
Kevin Petchark
Retirement Commission
RTM Long Range Fiscal Planning Committee
1/2020-1/2022
12/2019-12/2020

Ma
FIFTEEN ROPE FERRY ROAD
WATERFORD, CT 06385-2886
PHONE: 860-442-0553
www.waterfordct.org
Date: November 30, 2020
To: Members of the Board of Finance
From: The Town Accountant
Subject: Status of Contingency Fiscal Year 2021
Contingency Fund, Line item 10121-59010:
07/01/20 Appropriation 265,000
Transferred through 11/18/20 (77,044)
Balance 187,956
Page 1

FISCAL YEAR 2020-2021
CONTINGENCY TRANSFERS & BALANCE
BOARD TRANSFER
ORG OBJECT DESCRIPTION OF FINANCE RTM AMOUNT BALANCE
BALANCE 07/01/20 $265,000.00
10123. 51410 FIRE FIGHTING 10/23/2020 N/A $71,569.00 $193,431.00
10123 51920 FICA-FIRE SERVICES 10/23/2020 N/A $5,475.00 $187,956.00
($77,044.00) $187,956.00
Page 2