9-9-26 BOF Regular Meeting Agenda & Backup Documents

FIFTEEN ROPE FERRY ROAD 
WATERFORD, CT 06385-2886 
PHONE: 860-442-0553 
www.waterfordct.org 
RECEIVED FOR RECORD
WATERFORD. CT 
Z02b AUG I q A If: 30 
Board of Finance 
ATTEST: aJ} £ 
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Wednesday, Augu'st\l.v2ſƀUJ6 
Town Hall Auditorium 7:00 p.m. 
Regular Meeting Minutes 
Present: 
Glenn Patterson, Robert Tuneski, Bill Sheehan, Ann Peabody, Jerry Fischer, Michael Rocchetti 
Joseph Filippetti 
Absent: 
Elected: 
Staff: 
Abbas Danesh, Treasurer; Rob Brule, 1st Selectman 
Kimberly Allen, Director of Finance; Chris Haley, Director Fire Services; Mark Wujtewicz, Planning 
Director; Jill Stevens, Utility Commission Director; Jeff Robillard, IT Manager; Ryan McNamara, 
Director Recreation & Parks; Garv Schneider, Director Public Works; Steven Sinagra, Director 
Emergency Management; Rebecca Hall, Administrative Assistant Finance Office/BOF Recording 
Secretary 
1.
Establishment of a quorum and call to order
A quorum was established and the Regular Meeting of the Board of Finance was called to order at 7:00p.m.
August 12, 2026.
2.
Public Comment: none
3.
Approval and acceptance of minutes:
Motion by Bill Sheehan and seconded by Robert Tuneski to approve the minutes of the July 15, 2026
Regular Meeting with a correction to ltem.#10, Line No. 2, Org. 10137. Change to Org. 10135 for Senior
Services.
Vote: 5 -0-1 (Abstain -Rocchetti) 
Motion: Passed
4.
To consider and act upon a request from the Director of Fire Services, Chris Haley, for a FY27 appropriation
in the amount of $178,000 currently designated on budget line #20523-57888 (Goshen Roof) to
appropriated line #20523-57888 (Goshen Roof). Action may include forwarding the request to the
Representative Town Meeting (RTM} for approval, and forward to the RTM as required.
Motion by Bill Sheehan and seconded by Robert Tuneski to move $178,000 from designated line #20523-
57888 (Goshen Roof) to appropriated #20523-57888 (Goshen Roof), and forward to the RTM as required.
Vote: 6-0-0 
Motion: Passed
5.
To consider and act upon a request from the Director of Finance, Kimberly Allen, for a FY26 Out-Of-Series
Transfer in the amount of $112,092 for various departments as indicated from the Transfer Request Form.
Motion by Bill Sheehan and seconded by Robert Tuneski to transfer $112,092 as follows:
Board of Finance Minutes, 8/12/2026 
Page 2 
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FIFTEEN ROPE FERRY ROAD   
WATERFORD, CT 06385-2886 
BOARD OF FINANCE 2027-2028 BUDGET REQUEST GUIDELINES 
DATE:  September, 2026 
BUDGET REQUESTS NOT ADEQUATELY PRESENTED OR JUSTIFIED MAY BE RETURNED, REDUCED, OR SIMPLY 
NOT APPROVED. 
SECTION A:  GENERAL INSTRUCTIONS 
All Town departments, boards, commissions and agencies are directed to use the following guidelines, 
attachments, and forms in the preparation of your Fiscal Year 2027-2028 budget.   
1. Every budget line item should be justified and explained to the maximum extent possible.  The
amount requested should not be a percentage increase from the previous year’s expenditure.  This
includes detailed lists of all expenditures using, as a minimum, the previous 24 months’ values.  For
certain measurable items such as electricity, heat and gasoline, a minimum of 24 months of history
should be disclosed to justify the volume of units used in calculating the need for FY2028. Please
include the number of units being used to calculate your 2028 budget request.  If anomalies exist
causing the 24-month historical use to be inaccurate, do not use it; however, please include an
explanation on how the proposed budgeted amount was calculated.
When applicable and measurable, please report metrics which reflect the level of service being
provided annually by your department, examples as per below.
•
Number of Personal Contacts (Rec & Park, Youth & Family, Seniors, Library)
•
Number and Type of Responses (Fire and Police)
•
Measures of Foot Traffic (Town Hall Offices)
These are types of indicators which will help justify requested budgets and changes from year-to year. 
2. Comparisons to prior year budgets should be based on what was appropriated by the RTM, (i.e. do not
include mid-year appropriations).  Be sure to identify any new cost items that have not appeared in
earlier budgets.
3. To ensure purchase quality, provide consistency and to determine appropriate costs for each item, all
budget requests for the purchase of any equipment or supplies MUST be reviewed by the Director of
#5

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Finance or the Purchasing Agent in the Finance Director’s absence. When possible, similar equipment 
will be purchased for all departments to save costs for maintenance and supplies.  
All equipment must be budgeted under the equipment line and not under other lines (i.e. other 
supplies or maintenance of vehicles, etc.). 
4. Provide a detailed breakdown of all service contracts and maintenance & repair costs. These shall be
reviewed with the Director of Finance or Purchasing Agent to ascertain if cost savings can be achieved
by servicing similar equipment from many departments under one bill with prorated costs.  In addition,
all such budget requests MUST be reviewed by either of these individuals to ensure all costs are
consistent and appropriate.  Maintenance and Service contracts related to IT and Software &
Hardware will be budgeted within the Information Technology Budget.  Please ensure your requests
are forwarded the IT Manager to ensure they are included in the IT Budget Proposal.
5. Personnel budgets for each department are established based on the number and classification of
employees disclosed at the budget hearings.  Department heads must provide explanation for
variance(s) between the annual personnel survey report provided by the Human Resources Director
and the budgeted personnel count.  Transfer of funds from one 51000 series line item to another for
the purpose of creating additional positions or change of classification requires prior approval by the
Personnel Review Board.  Departments Heads must disclose the assignment of any costs associated
with re-assignment of personnel outside of their normal work function.  Please attach a detailed listing
of positions under each category (i.e. administration).  Finance will provide Department Heads with
information for your personnel budgets (i.e. salary, fringe benefits, etc.); however, finance staff will
work with Department Heads to calculate overtime and other hours for specific departments.
As detailed in #9, if a position is to be funded through a grant, the budget request must include the
name of the grant, amount of grant funds requested and the total cost of the position if the grant
award is not received.
6. Provide a detailed listing of specific dues, conferences and other educational expenses and a rationale
for this need.  These costs must be disclosed within this classification and not included under Training.
The Training Line Item must be restricted to mandated or required training only.
•
Provide a five-year history of mandatory training
•
Describe the changes year-to-year as the schedule requires
7. Accounts with a $1 budgeted will be zeroed out and removed.  If funds are needed in a zeroed out
account, a transfer request can be submitted with justification.
8. A certified audit report of all funds appropriated during the last completed fiscal year should be
supplied by public health nurses, Ledge Light Health District, seCTer, library and social service agencies.
Requests should also include a reporting of total Waterford residents serviced.
9. Any organization that receives funds from source(s) other than the Town or anticipates receiving funds
from source(s) other than the Town is requested to disclose the source(s), amount
received/anticipated and how those funds are or will be used.  Any organization that receives funding
from outside sources and does not disclose those sources is required to provide an explanation.  For
each source of funding please provide the amount received in the previous fiscal year, the amount

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received or expected in the current fiscal year and any amount expected in the next fiscal year, 
including grants.  In addition, for grant funds, include the line item from which the funds were 
expended, as well as a projection of anticipated grant funds for the next fiscal year. 
•
The Utility Commission must provide a copy of its Sewer Enterprise Fund’s current fiscal year
operating budget and its projected operating budget for Fiscal Year 2027-2028.
10. The Youth and Family Services Bureau, Recreation and Park Department and the Senior Citizens
Commission are expected to provide a summary of the past, current and projected size of each
program and any revenue vs. cost information associated with fee based programs.  Provide a 3-year
history of all programs offered but were subsequently cancelled and provide the reason for the
cancellation.
11. The Youth and Family Services Bureau, Recreation and Park Department and the Senior Citizens
Commission shall provide a full accounting report for any grants, donations or special revenue received
from sources other than the Town of Waterford for Fiscal Year 2025-2026 and current data on Fiscal
Year 2026-2027.  Said reports MUST be attached to the department Fiscal Year 2028 budget request.
12. All departments MUST include a “Looking Ahead” paragraph.  The Board of Finance is requesting a
summary of a department’s long-term need projections to include staffing changes, contract changes
and negotiations, and a bird’s eye view of capital needs.  Any department budgets without this
overview may not have their budget request reviewed and approved until it is submitted.
SECTION B - FINANCE DEPARTMENT INSTRUCTIONS 
1. Review your schedule of fees charged, providing the rationale for those amounts.  Please report
your revenues on the Schedule of Revenue.  This form should be used to report General Fund
revenue only.
2. Personnel costs for general government employees covered by expired or expiring union contracts
will be calculated at the rate in effect at the expiration of the current contract.  For budget
purposes, Finance will use 261 workdays/52.2 weeks (Monday-Friday) for calculating payroll figures
for fiscal year 2027-2028.
3. Calculate mileage reimbursement at 72.5 cents per mile (2026 IRS standard mileage rate).
4. Calculate unleaded gasoline as follows.
Please use current rates of $2.1918 per gallon.
*FY2028 pricing has not been finalized.
5. Calculate heating oil and diesel as follows:
Ultra Low Sulfur Diesel Fuel: 
$3.338 per gallon (summer blend) 
Ultra Low Sulfur Diesel Fuel: 
$3.338 per gallon (winter blend) 
#2 Heating Oil  
$2.9872 per gallon  
* FY2028 pricing has not been finalized.

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6. The Finance Office will provide all standard office supplies. (Only those supplies that are unique to
your department needs and not available through the Finance Office should be reflected in your
budget request.)  A list of standard office supplies provided by the Finance Office can be found on
the “T” Drive in the Purchasing Folder for your reference.  Office furniture and equipment are not
consumables and must be budgeted in department budgets.
7. The Finance Office will provide black and white printing unless your requirement is unusual.  Check
with the Purchasing Agent before budgeting for any printing.  All color printing must be budgeted
within your department’s operating budget at a rate of $.05 per page.
8. Include a brief functional statement of the duties and responsibilities of your agency and submit the
budget summary worksheet for your department.  This summary should include a list of any
Connecticut statutes relating to the individual department.  A budget format template (MsWord)
and budget worksheet template (Excel) can be found on the “G” Drive/Budget 2027-2028.  There
are tabs along the bottom of the workbook for each department.  All budgets and supporting
documentation must be submitted on 8 ½ x 11 paper only.  If that drive is not available to your
office, please contact the Finance Office as soon as possible.  Only these forms will be accepted.
Please do not submit PDF files or forms.
9. Any amounts proposed to be expended for gifts associated with illness, retirement, special
personnel events or achievements, etc. must be submitted to the First Selectman with justification
for inclusion in the Board of Selectmen’s budget.  Traditional employee performance awards and
citations are permissible through departmental budgets but must be described in your budget
justification.
10. Any department with employees covered under the GGA Contract or Non-Union Management
Professionals whose sick time will exceed the maximum accrual allowed by the GGA Contract, must
budget the value of the estimated overage under Fringe Benefits by individual calculated as follows:
Current hourly rate of pay - (employee’s annual salary on their anniversary date divided by 
2080 hours) times 50% of the numbers of hours over the maximum (175 days) if hired prior to 
July 1, 2006.  This amount will be deposited into the employee’s HRA. 
SECTION C - BOARD OF EDUCATION – SPECIFIC INSTRUCTIONS 
The following new requested items must be included in the FY2028 budget request.  If not included, the 
budget MAY BE RETURNED, REDUCED, OR SIMPLY NOT APPROVED. 
1. A complete copy of the FY2026 EFS report submitted to the State Department of Education
2. A detailed listing of position and total salary for said position – include actuals for FY2027 and
projections for FY2028.
3. A separate listing of all expected funding/revenue to include source of funding.

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4. A five-year history of magnet school enrollment by school and a FY2028 enrollment projection.
SECTION D – ADDITIONAL BUDGET INSTRUCTIONS 
It is recognized that much work goes into the preparation of your budgets and your efforts and cooperation 
are acknowledged and appreciated.  Budget request pages should be numbered and all graphs should be 
submitted in color. 
Please email your budget documents to Kim Allen, kallen@waterfordct.org no later than the close of business 
on December 18, 2026.  Budgets should be emailed in their original format.  PDF files will not be accepted.  
Budgets that require commission approval should include a copy of the meeting minutes that show the 
commission’s vote to approve the FY28 budget request. 
If you are unable to email your budget, please send two copies of your final budget to the Finance Office no 
later than close of business on December 18, 2026.  Your budget must be single-sided, indexed, paginated 
and submitted without staples.  You must be in attendance for your budget review session in accordance with 
the attached schedule.    
Glenn Patterson, Chairman 
Board of Finance 
Attachments: 
•
Schedule of Revenues (general and special fund)
•
Budget Workbook – Department
•
Uniform Budget Forms
 (These documents are also available on the ‘G’ Drive/Budget 2027-2028) 

BOARD OF FINANCE   
CAPITAL PROJECT REVIEW POLICY 
During the month of June, the Board of Finance shall conduct a review of the status of outstanding 
approved capital projects to include date appropriated, amount appropriated, amount expended, expected 
completion date and current project fund balances.  The review will occur at either the regular or a special 
meeting of the Board of Finance.  
If a project is completed prior to the June BOF review, the department head will notify the Director of 
Finance and copy the Board of Finance and any remaining funds will be returned to the appropriate 
unassigned fund balance.  
To support the review above, all department heads, boards, agencies and commissions shall provide to the 
Board of Finance the following information:  
1.
Status of capital projects either currently outstanding or completed in the previous calendar year.
Data to include:
a.
Amount(s) designated,
b.
date(s) appropriated,
c.
amount appropriated,
d.
amount expended,
e.
amount outstanding,
f.
estimated or actual completion date
g.
amount over/under appropriation for completed projects
h.
amount to be returned to unassigned fund balance for completed projects
2.
Justification for keeping a project open.
After reviewing each project, the Board of Finance may approve: 
1) keeping a project open (Current Year Capital or Capital Non-Recurring)
2) direct its closure with monies remaining returned to the appropriate (General (Current Year
Capital) or Capital Non-Recurring) Unassigned Fund balance
3) transfer a Current Year Capital project to the Capital Non-Recurring project list.
Adopted by BOF - 05/ 10/ 06  
Amended 10/ 11/ 06  
Amended 8/ 08/ 07  
Amended: May 18, 2016  
Amended:  September 9, 2020 
#7

Contributed Gifts Fund
June 30, 2026
R&P 
R&P 
R&P
R&P
R&P
R&P
FINANCE
POLICE
POLICE
POLICE
POLICE
POLICE
POLICE
R&P
 MEMORIAL
FRANCES X.
CIVIC
DEIDRICK
AHJ
ANIMAL
HELMET
R&P
TREES &
 SWEENEY
R&P
R&P
TRIANGLE
R&P
FIELD PRESS 
R&P
VETERANS'
PICNIC
R&P
DEPT.
CONTROL
DEPT.
DEPT.
DEPT.
PUBLIC 
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
CEMETERY
MEMORIAL
TABLES 
GOLF CART
AUDITORIUM
AUSTISM
OFFICER
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 DONATIONS
 CHALLENGE
 PROGRAM
DONATIONS
 DOCK
TOTAL
REVENUES
REC & PARKS MEMORIAL TREES & BENCHES 
DONATIONS
$40,785.00
K9 DONATIONS
$275.00
POLICE ACO DONATIONS
$55.00
POLICE DEPT. GENERAL DONATIONS
$12,135.00
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
$40,785.00
$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
$55.00
$0.00
$275.00
$12,135.00
$0.00
$58,929.00
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
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)
02/25/2026 U.S. BANK
$1,486.91
03/13/26 WITMER ASSOCIAT
$1,287.00
03/25/2026 U.S. BANK
$812.17
04/27/2026 U.S. BANK
$116.20
04/27/2026 U.S. BANK
$1,816.97
05/22/26 PO 260494 TRI COUNTY MEMO
$1,458.00
05/08/26 NEW LONDON LODGE
$250.00
05/29/26 ADP IMPORT 
$137.67
05/25/2026 U.S. BANK
$262.81
6/30/2026 VCA NL ANIMAL HOSPITAL
$39.02
6/30/2026 VCA NL ANIMAL HOSPITAL
$39.02
06/05/26 GEORGER FARRELL
$611.00
06/05/26 WITMER ASSOCIATES
$99.00
06/05/26 WITMER ASSOCIATES
$454.00
06/25/2026 U.S. BANK
($572.62)
06/25/2026 U.S. BANK
$19.99
ACCRUAL 07/25/2026 U.S. BANK
$750.82
TOTAL EXPENDITURES
$0.00
$0.00
$2,592.13
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,458.00
$0.00
$0.00
$151.00
$0.00
$0.00
$0.00
$795.06
$17,577.01
$0.00
$22,573.20
NET CURRENT YEAR ACTIVITY
$0.00
$0.00
$38,192.87
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$3,542.00
$429.00
$250.00
($151.00)
$0.00
$55.00
$0.00
($520.06)
($5,442.01)
$0.00
$36,355.80
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
$0.00
$780.11
$9,427.35
$13,700.20
$7.04
$105,765.70
CURRENT YEAR BALANCE
$594.72
$129.60
$38,119.26
$65.00
$987.97
$71,486.32
$1,140.00
$220.00
$2,910.00
$100.00
$3,542.00
$429.00
$2,690.00
$0.00
$1,700.00
$55.00
$780.11
$8,907.29
$8,258.19
$7.04
$142,121.50
Page 1 of 1
#11a.

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2025-2025, THROUGH JUNE 30, 2026
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  JUNE 30, 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
$201,733
97.74%
4,669
$195,254
Registrar of Voters
121,255
$110,562
91.18%
10,693
$124,596
Board of Finance
86,876
$84,481
97.24%
2,395
$85,342
Assessor
324,831
$321,899
99.10%
2,932
$311,197
Board of Assessment Appeals
1,829
$1,080
59.03%
749
$1,271
Tax Collector
227,817
$224,337
98.47%
3,480
$216,940
Finance Department
848,946
$828,077
97.54%
20,869
$761,497
Legal Department
295,000
$223,540
75.78%
71,460
$286,169
Town Clerk
273,661
$261,189
95.44%
12,472
$260,585
Planning and Zoning
695,016
$599,118
86.20%
95,898
$660,450
Building Maintenance
1,212,436
$1,189,455
98.10%
22,981
$1,152,391
Insurance
5,240,725
$5,042,748
96.22%
197,977
$4,849,536
Economic Development Commission
25,352
$9,063
35.75%
16,289
$9,191
Conservation Commission
18,250
$12,434
68.13%
5,816
$5,031
Zoning Board of Appeals
4,310
1,503
34.87%
2,807
2,108
Retirement Commission
7,144,257
$7,202,654
100.82%
(58,397)
$7,461,685
R.T.M.
18,003
$17,636
97.96%
367
$17,085
Building Department
321,515
$277,048
86.17%
44,467
$264,700
Youth Service Bureau
307,435
$274,161
89.18%
33,274
$289,113
Social Service Grants/Miscellaneous
101,481
$101,081
99.61%
400
$98,090
Contingency Fund
77,906
0
0.00%
77,906
0
Emergency Management
1,230,035
$1,061,693
86.31%
168,342
$1,086,655
Fire Services
4,173,419
$4,092,029
98.05%
81,390
$3,618,796
Police Department
7,178,842
$7,049,385
98.20%
129,457
$6,954,299
Public Works Department
5,245,814
$5,060,447
96.47%
185,367
$4,705,872
Conservation of Health
155,063
155,063
100.00%
0
148,407
Public Health Nursing
21,600
5,500
25.46%
16,100
25,862
Senior Citizens Commission
527,501
522,211
99.00%
5,290
524,333
Waterford Public Library
1,012,780
$1,006,418
99.37%
6,362
$1,012,967
Recreation and Parks
1,539,563
$1,512,817
98.26%
26,746
$1,482,607
Flood and Erosion Control Bd.
1,109
503
45.37%
606
327
Ethics Commission
900
753
83.64%
147
540
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2025-2025, THROUGH JUNE 30, 2026
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  JUNE 30, 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
$241,032
98.70%
3,172
$224,945
Information Technology
1,214,796
$1,165,105
95.91%
49,691
$1,203,901
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
$4,296,312
Transfer to Dog Fund
150,000
$150,000
100.00%
0
$100,000
Debt Service
7,964,500
$7,964,500
100.00%
0
$8,109,746
Total General Government
$53,194,594
$51,952,418
97.66%
$1,242,176
$53,188,008
Board of Education
59,938,654
$59,783,224
99.74%
155,430
$57,500,835
Total General Fund
$113,133,248
$111,735,642
98.76%
$1,397,606
$110,688,843
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2025-2025, THROUGH JUNE 30, 2026
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  JUNE 30, 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
345,995
$            
105.93%
19,378
$357,197
HEALTH & WELFARE
$6,359
6,292
$                
98.95%
(67)
$6,350
SUB TOTAL
332,976
352,287
$            
105.80%
19,311
363,547
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
18,906
$              
#DIV/0!
18,906
$45,450
CIVIL PREPAREDNESS
35,444
33,721
$              
95.14%
(1,723)
$63,764
TELECOMMUNICATIONS PROPERTY TAX
58,071
75,465
$              
129.95%
17,394
$70,714
TOWN AID ROADS-IMPROVED
321,360
430,880
$            
134.08%
109,520
$321,360
LOCAL CAPITAL IMPROVEMENT (LOCIP)
177,241
-
$                    
0.00%
(177,241)
$0
SDE STATE GRANT
14,103
14,103
$              
100.00%
0
$0
ENHANCEMENT 911
23,000
22,568
$              
98.12%
(433)
$22,595
MUNICIPAL REVENUE SHARE GRANT
315,978
2,008
$                
0.64%
(313,970)
$0
GRANTS FOR MUNICIPAL PROJECTS
34,255
34,255
$              
100.00%
0
$34,255
TOTAL GENERAL GOVERNMENT
1,353,074
1,005,670
$         
74.32%
(347,404)
913,010
TOTAL STATE OF CONNECTICUT
1,686,050
1,357,957
$         
80.54%
(328,093)
1,276,557
OTHER SOURCES
EDUCATION
TUITION
57,585
43,879
76.20%
(13,706)
52,420
RENT & MISCELLANEOUS
1,500
5,065
337.64%
3,565
5,120
SUB TOTAL
59,085
48,943
82.84%
(10,142)
57,540
GENERAL GOVERNMENT
INTEREST & LIENS
413,060
385,754
93.39%
(27,306)
355,432
INTEREST ON INVESTMENTS
2,000,000
1,931,823
96.59%
(68,177)
2,401,991
RECREATION & PARKS
150,000
204,038
136.03%
54,038
158,096
FIRE SERVICES INSPECTIONS & PLAN FEES
8,875
17,665
199.04%
8,790
17,010
BUILDING INSPECTOR
589,155
1,115,489
189.34%
526,334
891,932
LICENSE, FEE, PERMIT, FINE
73,566
21,850
29.70%
(51,716)
19,353
LIBRARY
1,598
1,433
89.70%
(165)
1,441

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2025-2025, THROUGH JUNE 30, 2026
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2024-2025, THROUGH  JUNE 30, 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
8,212
821.24%
7,212
1,031
SCRRRA REBATE
1,500
0
0.00%
(1,500)
2,578
NL RADIO COMM. NETWORK USE FEE
85,000
71,042
83.58%
(13,958)
75,487
BULKY WASTE FEES
112,000
123,019
109.84%
11,019
112,302
MISCELLANEOUS
26,572
56,607
213.03%
30,035
75,533
CONVEYANCE TAX
225,000
508,427
225.97%
283,427
332,241
EMS-REG COMM CTR FEES
6,000
4,500
75.00%
(1,500)
6,000
SEWER ASSESSMENTS
0
10,040
#DIV/0!
10,040
0
PLANNING& ZONING, ZBA, CONSRV COMM
55,121
142,089
257.78%
86,968
49,086
TOWN CLERK FEES
175,000
166,124
94.93%
(8,876)
146,805
LIENS -COLLECTED BY UTILITY COMMISSION
0
3,560
#DIV/0!
3,560
2,860
TIPPING FEES
275,000
215,540
78.38%
(59,460)
178,840
RECYCLING
50,000
58,553
117.11%
8,553
57,281
TRANSFERS FROM OTHER FUNDS
0.00
91,979
0.00%
91,979
137,521
TRANSFERS IN-PY ENCUMBRANCES
0
4,875
0.00%
4,875
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
0
RENTAL OF BUILDINGS
50,000
97,284
194.57%
47,284
85,929
SENIOR SERVICES
15,552
4,077
26.22%
(11,475)
25,406
VERSA KART/BLUE BOXES
8,000
6,080
76.00%
(1,920)
9,690
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
5,358,385
118.62%
841,029
5,247,503
TOTAL OTHER SOURCES
4,576,441
5,407,328
118.16%
830,887
5,305,043
PROPERTY TAXATION
CURRENT PROPERTY TAX
103,023,460
103,746,284
100.70%
722,824
99,054,066
PRIOR YEAR TAXES
543,528
375,145
69.02%
(168,383)
(710,580)
TOTAL PROPERTY TAXATION
103,566,988
104,121,429
100.54%
554,441
98,343,486
TOTAL REVENUES
109,829,479
110,886,714
100.96%
1,057,235
104,925,086

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
JUNE 30, 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
1,050,210.82
12,269,260.18
7.88%
TOTALS
102,931,150.00
90,085,434.67
12,845,715.33
87.52%
0.00
PRIOR YEAR EXPENDITURES
89,035,223.85
CURRENT YEAR EXPENDITURES
1,050,210.82

TOWN OF WATERFORD
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
FLEET MANAGEMENT FUND
AS OF JUNE 30, 2026
  
Revenues:
   Investment Income
123,648
   Vehicle Rentals
36,175
   Sale of Vehicles
64,025
   Sale of Equipment
2,051
Total Revenues
225,899
Expenditures:
   Equipment Replacement
280,494
   Vehicle Replacement
1,218,084
Total Expenditures
1,498,578
Excess (Deficiency) of Revenues Over Expenditures
(1,272,678)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(272,678)
Fund Balances - Beginning
2,649,340
Fund Balances - Ending
2,376,662

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
JUNE 30,  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
80,042.50
219,957.50
26.7%
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
30,264.40
56,735.60
34.8%
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
115,987.11
144,012.89
44.6%
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
24,751.76
15,248.24
61.9%
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
31,089.00
0.00
100.0%
5,339.03
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
323,621.29
1,209,661.71
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
240,673.64
9,326.36
96.3%
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
8,741.37
12,258.63
41.6%
33723-55838 REC & PARKS FY23
CHILDREN'S PLAYGROUND
40,000.00
40,000.00
0.0%
33725-55921 REC & PARKS FY25
STENGER PARK BATHROOM & WALKWAY
10,500.00
10,500.00
0.00
100.0%
2,500.00
34723-55021 INFORMATION TECHNOLOGY  FY23AUDITORIUM MEETING ROOM UPDATES
272,000.00
210,392.84
61,607.16
77.4%
TOTALS
7,173,185.00
4,226,251.60
2,946,933.40
58.9%
1,091,978.93
PRIOR YEAR EXPENDITURES
2,393,747.77
CURRENT YEAR EXPENDITURES
1,832,503.83
Page 1 of 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF JUNE 30, 2026
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20501-57639
REVALUATION
$167,768.48
$419,321.00
$0.00
$587,089.48
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       
$31,274.38
$0.00
$0.00
$31,274.38
20511-57871
POLICE DEPT BLDG  HVAC        
$25,000.00
$0.00
$0.00
$25,000.00
20511-57872
ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$0.00
$0.00
$7,769.20
$7,769.20
20511-57889
PUBLIC SAFETY COMPLEX HVAC    
$0.00
$100,000.00
$0.00
$100,000.00
20511-57899
LIBRARY ELECTRICAL PROJECT
$12,850.00
$0.00
$0.00
$12,850.00
20522-57022
STATE RADIO CONVERSION PROJECT
$4,595,432.00
$0.00
$0.00
$4,595,432.00
20522-57023
RADIO SYSTEM REPLACEMENT GRANT
$1,500,000.00
$0.00
$0.00
$1,500,000.00
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
$0.00
$0.00
$5,033.00
$5,033.00
20523-57791
JORDAN-TRAFFIC LIGHT UPGRADE
$0.00
$0.00
$35,460.00
$35,460.00
20523-57792
OSWEGATCHIE-BUILDING RENOVATIONS
$138,858.80
$0.00
$0.00
$138,858.80
20523-57836
FIRE SERVICES CARPET REPLACEMENT
$0.00
$0.00
$30,000.00
$30,000.00
20523-57888
GOSHEN ROOF REPLACEMENT       
$0.00
$60,000.00
$0.00
$60,000.00
20530-57695
MUNICIPAL COMPLEX RENOVATION
$304,629.67
$6,100,833.00
$0.00
$6,405,462.67
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
$480,268.29
$0.00
$0.00
$480,268.29
20530-57900
VAUXHALL STREET MULTI-PHASE
$9,700.00
$0.00
$0.00
$9,700.00
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
$284,472.53
$0.00
$0.00
$284,472.53
20531-57881
PLASTIC WATER SERVICE LINE REPLACEMENT
$627,270.72
$0.00
$0.00
$627,270.72
20531-57890
WEIMES & MARILYN EJECTOR REPLACEMENT
($0.00)
$0.00
$50.20
$50.20
20531-57894
CROSS COUNTRY SEWER MAIN ACCESS
$143,902.01
$0.00
$0.00
$143,902.01
20531-57895
WATER TANK MANAGEMENT         
$0.00
$0.00
$2,726.00
$2,726.00
20531-57896
BARTLETT CORNER WATER BOOSTER 
$156,950.00
$0.00
$0.00
$156,950.00
20531-57898
ENGINEERING INTERLOCAL WATER A
$91,486.69
$0.00
$0.00
$91,486.69
20536-57848
LIBRARY HVAC UPGRADE          
($84,482.75)
$0.00
$0.00
($84,482.75)
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
20537-57798
CHILDREN'S PLAYGROUND-CIVIC TRIANGLE
$25,000.00
$0.00
$0.00
$25,000.00
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
$253.05
$46,757.00
$0.00
$47,010.05
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF JUNE 30, 2026
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20500-43600
TURF FIELD RENTAL REVENUES
$0.00
$4,965.00
$0.00
$4,965.00
20560-55020
CLMS CHILLER REPLACEMENTS
$71,586.74
$0.00
$0.00
$71,586.74
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
$54,743.06
$0.00
$0.00
$54,743.06
20560-57883
FINANCING ENERGY EFFICIENT EQUIPMENT
$15,537.00
$0.00
$0.00
$15,537.00
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
$11,668.00
$250.00
$0.00
$11,918.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$1,018,590.59
$1,018,590.59
TOTAL
$6,300,202.86
$1,461,086.88
$1,159,654.36
$8,920,944.10
 
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2025 TO JUNE 30,2026
AS OF JUNE 30, 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
$238,379.00
($238,379.00)
$70,610.52
$167,768.48
$419,321.00
$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
$147,558.21
$142,485.25
$31,274.38
$0.00
$0.00
20511-57871
POLICE DEPT BLDG  HVAC        
$0.00
$0.00
$0.00
$25,000.00
$0.00
$25,000.00
$0.00
$0.00
20511-57872
ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$52,769.20
$0.00
$0.00
$45,000.00
$7,769.20
$0.00
$0.00
$7,769.20
20511-57879
TOWN HALL BATHROOM REFURBISHMENT
$8,026.89
$0.00
$0.00
$8,026.89
$0.00
$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
$12,150.00
$12,850.00
$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)
$4,568.00
$4,595,432.00
$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
$0.00
20522-57023
RADIO SYSTEM REPLACEMENT GRANT
$0.00
$0.00
$0.00
$1,500,000.00
$0.00
$1,500,000.00
$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
($50,000.00)
$898.00
$49,135.56
$4,135.00
$0.00
$0.00
$5,033.00
20523-57791
JORDAN-TRAFFIC LIGHT UPGRADE
$35,460.00
$0.00
$0.00
$35,460.00
$0.00
$0.00
$35,460.00
20523-57792
OSWEGATCHIE-BUILDING RENOVATIONS
$286,372.97
$0.00
$0.00
($719,471.00)
($571,956.83)
$138,858.80
$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
($30,000.00)
$30,000.00
$0.00
$0.00
$30,000.00
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
($25,000.00)
$0.00
$0.00
$0.00
20530-57695
MUNICIPAL COMPLEX RENOVATION
$326,502.39
$6,100,833.00
$0.00
$21,872.72
$304,629.67
$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
$572,731.71
$480,268.29
$0.00
$0.00
20530-57900
VAUXHALL STREET MULTI-PHASE
$0.00
$0.00
$0.00
$50,000.00
$40,300.00
$9,700.00
$0.00
$0.00
20531-57685
I/I MITIGATION & CONTROL
$235,865.56
$0.00
$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)
$850,134.15
$284,472.53
$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)
$484,183.36
$627,270.72
$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)
$56,097.99
$143,902.01
$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
$2,726.00
20531-57896
BARTLETT CORNER WATER BOOSTER 
$0.00
$0.00
$0.00
$166,950.00
$166,950.00
($166,950.00)
$10,000.00
$156,950.00
$0.00
$0.00
20531-57898
ENGINEERING INTERLOCAL WATER A
$0.00
$0.00
$0.00
$0.00
$125,000.00
$33,513.31
$91,486.69
$0.00
$0.00
20531-59000
TRANSFERS OUT TO WATER FUND
$110,721.00
$110,721.00
$0.00
$0.00
$0.00
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2025 TO JUNE 30,2026
AS OF JUNE 30, 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
$1,509,694.99
($84,482.75)
$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)
$0.00
$25,000.00
$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
$28,168.00
($28,168.00)
$27,915.60
$253.05
$46,757.00
$0.00
20500-43600
TURF FIELD RENTAL REVENUES
$0.00
$4,815.00
$0.00
$150.00
$0.00
$4,965.00
$0.00
20560-55020
CLMS CHILLER REPLACEMENTS
$929,774.04
$0.00
$0.00
$858,187.30
$71,586.74
$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
$315,369.81
$54,743.06
$0.00
$0.00
20560-57883
FINANCING ENERGY EFFICIENT EQUIPMENT
$243,335.00
$0.00
$0.00
$227,798.00
$15,537.00
$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)
$338,332.00
$11,668.00
$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
($185,721.00)
$352,341.01
$0.00
$0.00
$1,018,590.59
 
$7,077,817.94
$1,995,891.88
$851,970.58
$2,344,764.00
$3,034,542.00
($2,879,719.00)
($154,823.00)
$7,669,476.56
$110,165.77
$352,341.01
$3,967,635.25
$6,300,202.86
$1,461,086.88
$1,159,654.36
Page 2

Insurance 
Administration Fund
Balance Sheet
June 30, 2026
Assets
 Cash and Cash Equivalents
4,162,717
 Accounts Receivable
9,925
 Due From Other Funds
3,587
Total Assets
4,176,229
Liabilities
   Advance Payments
7,035
Total Liabilities
7,035
Net Assets
   Unrestricted
$4,169,194
Total Net Assets
$
$4,169,194

#11b.