FY26 3rd Quarter Treasurer Report

4-30-2026
To: 
Robert J. Brule 
~ First Selectman
Kim Allen - Director of Finance
Glenn Patterson & Board of Finance Members
Susan Driscoll & RTM Members
1rd III - Superintendent of Schools
~ Director of Finance & Operations 
~ BOE
Kelly & Board of Education Members
From: Abbas Danesh ~ Treasurer
Subject: Quarterly Treasurer’s Report and Related Financials ending 3/31/2026.
The following attachments are included for reference:
Attachment I - 3/31/2026 Cash Positions - Town of Waterford
Attachment 2~ CDs & Bonds Summary — Town of Waterford
attachment 2 Jan - Mar & attachment 2 combined
Attachment 3 ~ Graph of Total Interest Income vs. Fiscal Years
Attachment 4 — Interest Income by Funds ys. Fiscal Years
Attachment 5 - FY 2026 Estimated General Fund Cash Flow
Going over our three baskets/institutions:
STIF interest rates
Averages for Jan 3.74%, Feb 3.73%, Mar 3.71%
M&T's Savings interest is at 1.25%.
Fidelity account activities:
JAN: 160K Kearny bank CD matured. Purchased 100K treasury maturing 11/2035, SOK
Agency maturing 1/2036 and 45K Celtic bank CD maturing 1/2032.
FEB: 100K Agency and 3.1 million treasury matured. Purchased one million treasury
maturing 8/2026, one million treasury maturing 10/2026, 100K treasury maturing 8/2035, 10K Sallie
Mae bank CD maturing 1/2033, 245K Ameris bank CD maturing 8/2026, 73K Merrick bank CD
maturing 2/2032, 245K Columbia bank CD maturing 5/2026, 245K Wells Fargo CD maturing.
11/2026, 245K Parkway HGTS bank CD maturing 8/2026, 9K State bank of India CD maturing
2/2036.
MAR: one mil treasury, 240K Bank of China CD and 43K Morgan Stanley CD matured.
Purchased 110K Goldman Sachs CD maturing 12/2026, 15K Agency maturing 3/2041, 200K
treasury maturing 3/2033 and 2K Citi bank CD maturing 3/2028.
Please see Attachment 2 combined, the monthly running of WAM, WAY, and Annualized
ALPHA to get a more accurate picture of our portfolio.
As you observe our ALPHA, which measures performance, I underperformed our benchmark
in Jan, Feb and Mar by (-.18%, -.23% and -.15%, respectively). Our Weighted Average Yield (WAY)
is 3.56% in Mar of 2026.

Attachments 3 & 4 show our interest income with comparable amounts from previous years.
FY 2026 3° quarter of $2,375,349 vs FY 2025 3*# quarter of $3,092,248. Two reasons for the
reduced interest;
1. 
Nearly 10 million less in over all funds, please sce bottom of the page on attachment 1
2. 
Interest rates are down by approximate .75% since last fiscal year.
Please see Attachment 5, our estimated General Fund cash flows for FY 2026.
quick note on Oswegatchie building fund: We received $13,846,779.85 on 3/10/2026
which was deposited at STIF. You'll see the updated Bond debt service in my July report.
Itis an honor and a pleasure to be in my position as treasurer; I welcome any questions or
suggestions
Sincerely You
Yi buch
Abbas Danesh — Treasurer
samy next quarterly report will be in July 2026.

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