08 13 2025 Board of Finance Regular Meeting Agenda & Backup Documents

FIFTEEN ROPE FERRY ROAD
PHONE: 860-442-0553
WATERFORD, CT 06385-2886
www.waterfordct.org
BOARD OF FINANCE
AGENDA
Waterford Town Hall 2] August 2 2025
Regular Meeting 780 pa?
Sas
> 8S
2 $3
Establishment of a quorum and call to order > 23
e 33
. Public Comment e "8
a B
gS 6
. Approval and acceptance of minutes from July 16, 2025
To consider and act on the appointment of Clifton Larson Allen LLP as the town auditor for the fiscal years 2026,
2027, 2028.
To consider and act on a request by Director of Recreation and Parks, Ryan McNamara for an appropriation in
the amount of $20,000 from designated line# 20537-57735 (Leary Park Access Road & Drainage), and forward
to the RTM if required.
To consider and act on a request by Director of Recreation and Parks, Ryan McNamara for an appropriation in
the amount of $25,000 from designated line# 20537-57798 (Children’s Playground Equipment), and forward to
the RTM if required.
To consider and act on a request by Chief of Police, Marc Balestracci for an additional appropriation in the
amount of $7,113 to line#t 10129-51420 (Patrol) for an employee payout that is required under the current
collective bargaining agreement, and forward to the RTM if required.
To consider and act on a FY25 Out-of-Series Transfer from the Director of Finance, Kimberly Allen, in the
amount of $68,823 as indicated in the Transfer Request Form:

Board of Finance Agenda, August 13, 2025,
Page?
TOWN OF WATERFORD
TRANSFER REQUEST FORM
Inter-Department Transfer
Out of Series Transfer Request
VARIOUS fei
‘DEPARTMENT ————
APPROVED CURRENT ACCOUNT ACCOUNT REVISED
Budget Available (EIMGREASEST “OFCHEASETM Avaliable
Lina No. Ora. Cady Object Cose Onject Description Amount __" Budget Budget
4__| 203028OM) | 53020 _JotHeR suppuies 1191300] _(1.562.96 4543 °
Torn (BOs
4 MAT) 1100 |evectriory s7ss0000| _ (24,268.60 24,300 a
TOU (8165
6 sea) s2110_|water z94so00| (2901.65) 2902 °
Tou (KOT
8 Mawr) sn20_|sewer zsr700| _@,s640s) 3.565 4
10135
7 | enor | 51210 __[oveicar 2159800| __14.230.69] 4235 ‘
10138
8 | sseworsy | 53080 [avroworive mat 4,062.00 500.00] $00) 2
10138
8 | iscmorsy | 53050 [rues ecusnicanrs 10302001 (1.20000) an 2s
10135
10 _| sewiorsy | _s4oo _[ervess eoupment 72800 (sa ssa ©
10135
11] seworsy | s4o30 _harrcven eourewent 176600| (2041.00) 20a ©
1005
12_| ewiors)_| __ saaso [automotive eoupment 1312.0 00.0) 300 ©
sa | 30137 889) [51620 |RECREATION PROGRAMS 31767200] 23,409.50] Bano) ri
s4_| 10137 Rai [53020 Jomuen suppuies 36,703.00 [1,606.02] 1507 A
16 [10137 (nae | sa000 [MAINTENANCE OF VENNLES z7so090[ (3.613.771 Las 2
ss [30165 (HA) |" S1n10_[AOMNISTARATION. 3681900] (1.499.98] 2,500) °
a1_| 10130;0Fwi | s3090 [ret & wuenicants. 304,713.00 92,443.05 (6,23 23.620
Tor aaa aa
9. Discussion on a possible new project: State Radio Conversion
10. Old Business
11. New Business
12. Liaison Reports
13. Correspondence
a. Virginia Bielucki, Town Accountant, Status of Contingency FY25 dated July 24, 2025,
b. Virginia Bielucki, Town Accountant, Status of Contingency FY26 dated July 24, 2025,
¢ Quarterly Treasurer’s Report ending 6/30/25 ~ Abbas Danesh, Treasurer
14, Adjournment
Glenn Patterson, Chairman

4

Our fees do not anticipate unusual or unforeseen circumstances. Before the scope of our work is changed for
any unanticipated circumstances or events, we will inform you of the change and related change in fee.
CLA has a very open fee philosophy with our clients, and will work with you to establish a mutually acceptable
fee arrangement for any future or special project engagements. We reiterate our strong interest in provi
you the quality of service and support that will help you achieve your goals. If at any time you have a question
concerning our services or fees, please call it to our attention so that we can discuss it.
Sincerely,
CliftontarsonAllen LLP
Stephen Gross, Principal
©2024 CliftonLarsonAllen LLP | 2

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QBRIEN Quotation
ME. O'Brien
‘Company Address Date 7/10/2025
PO Box 718, Medway MA 02053-0718
TEL 508-359-4200 / FAX 508-533-6342 Quotation Expires 8/9/2025
wow obrienandsons.com,
Salesperson Brian lafolla
CustomerName Ryan McNamara / Town of Waterford ‘Admin Asst Karen Hanley
Tol, Email tmenamara@watertordct.org Pe
Version # 4
Civo Triangle Park - Waterford, CT
|___ Brian tatona brian_jafolla@obrienandsons.com Net 30 16 - 20+ Weeks
Poligon
MAR-20X24MR: Poligon marquee sive stee!
structure, 20'x 24’ with muitérib metal roof, 8°
y : 45,030.00 45,030.00
; © clearance. Anchor bolts included. Engineering ee. AS as
package included.
1 fot Freignt $ 6,000.00 $ 6,000.00
Poligon Total $ 51,030.00
Install Sorvices.
-Excavate 24x 28' area
Dig footing holes, pour concrete footings
-Erect structure
a lot “Supply and spread gravel base for concrete pad
-Form and pour 24' x 28' concrete pad
-Goneral site cleanup
*Quoted using non-prevailing wage rates
1 tot Total Instali Services __$ 45,350.00 $45,350.00
Subtotal 96,380.00
{you have any questions concerning this quotation, please contact your Tax Rate
salesperson listed above. Sales Tax
ayers TOTAL
Please Read the Attached TERMS & CONDITIONS.
Page 1ofS

BRIEN
QRRIEN STANDARD TERMS & CONDITIONS
* Due to ongoing steel and other material surcharges as well as increased demand,
quotations are only valid for 30 days *
+ LEAD TIMES: Estimated lead times vary after receipt of order and architectural approval if
required. Lead times may fluctuate due to the availability of raw materials at the time of order.
* The Purchaser is responsible for quantity, color, and product confirmation. Prices are based on
quantities listed. Any change to quantities will impact prices quoted. Standard manufacturer's
design, colors, specifications, and construction apply unless otherwise noted.
* Prices do NOT include shipping charges, sales tax, resilient surfacing, assembly or installation
unless otherwise noted on quotation.
* Delivered prices do NOT include off.Joading, lift-gate, inside delivery, reconsi
detention fees. if requested, additional charges will be added. (Lift gate service is a truck that has
a lift gate on the back to bring the skids to the ground. Once on the ‘ground it is the receiver's
responsibility to move it from there.)
+ M.E. O'Brien & Sons is NOT responsible for plan take-offs. All quantities, square footages,
thicknesses, etc. are the responsibility of the purchaser. Confirm and double check quantities
quoted. It is the responsibility of the purchaser to approve/purchase items "per plan".
* Quote is based on information at time of bid/request. Any changes, updates, addenda, etc. may
require quote to be revised.
+ Its expected that Approved Submittals should be returned to our office within 60 days of issue
to ensure that prices for these products can be held. Approved Submittals that exceed 60 days
before being returned may incur price increases.
* If Installation is included, M.E. O'Brien & Sons is NOT responsible for buried underground
hazards including, but not limited to: ledge, unsuitable bearing soils, unmarked utilities, boulders,
construction debris and any other conditions beyond our control. Additional costs will apply.
+ When O’Brien & Sons is supplying materials only, retainage does not apply.
* Enrollment in a software program tracker (such as Mwrap, CIP or LCP) is NOT included. If
these are required, please advise the cost and the price will be added to the contract.
+ Excludes any and all GC requirements not specifically spelled out in this quote.
+ Returns require authorization and must be made within 30 calendar days of receipt of order.
Customer is responsible for a re-stocking fee of 20-50% (varies by manufacturer), plus shipping
charges (to and from) for all returned materials. Custom products or custom colored products are
NOT returnable. Shade Systems and Ironsmith products are NOT returnable. Surfacing materials
are NOT returnable.
+ Deliveries: When delivered, inspect entire shipment carefully, make note on delivery receipt of
ANY damage so a freight claim can be filed if damage is discovered after opening package(s).
Page 2 of 5

GeBRiEN Shades & Shelters
STANDARD TERMS & CONDITIONS
lity of the client in possession of the quote to review the building code,
‘snow load and wind speed with the town building inspector to confirm compliance with the
reviewing jurisdiction and notify of us of any discrepancies prior to an order being placed and the
stamped drawings and calculations being created.
All permits and/or fees are the sole responsibility of the Owner or General Contractor.
INCLUDES anchor botts on all shade structures.
DOES NOT INCLUDE:
* Electrical cutouts if required, provide quantity, size and location).
* Staining of wood and tongue & groove, unless otherwise noted.
* Engineered drawings are not site specific. If site specific engineered drawings are required, a
Soil test will need to be provided by the customer prior to requesting engineered drawings.
* Engineered drawings are available in electronic format or hard copies.
NOTE: Custom products or custom colored products are NOT returnable.
Itis the responsibilty of the client in possession of the quote to review the building code,
snow load and wind speed with the town building inspector to confirm compliance with the
reviewing jurisdiction and notify of us of any discrepancies prior to an order being placed and the
‘stamped drawings and calculations being created,
All permits and/or fees are the sole responsibility of the Owner or General Contractor.
INCLUDES anchor bolts on all shade structures.
* Engineered drawings are not site specific. If site specific engineered drawings are required, a
Soil test will need to be provided by the customer prior to requesting engineered drawings.
* Includes Digital Drawings in electronic format only. Does NOT include Digital Seals and Wet
Seals, They are available at an additional cost.
NOTE:
* Fabric must be removed should winds be expected to exceed 90 mph.
* Custom products or custom colored products are NOT returnable.
Page 3 of 5

POLIGON
itis the responsibility of the client in possession of the quote to review the building code,
‘snow load and wind speed with the town building inspector to confirm compliance with the
reviewing jurisdiction and notify of us of any discrepancies prior to an order being placed and the
stamped drawings and calculations being created.
All permits and/or fees are the sole responsibility of the Owner or General Contractor.
INCLUDES anchor bolts on all shade structures (unless otherwise specified).
DOES NOT INCLUDE:
* Electrical cut-outs (if required, provide quantity, size and location).
+ Staining of wood and tongue & groove, unless otherwise noted.
+ E3 engineered drawings are not site specific. If site specific engineered drawings are required,
a soll test will need to be provided by the customer prior to requesting E3 engineered drawings.
* Engineered drawings are required and are available in electronic format or hard copies.
NOTE:
+ Fabric must be removed should winds be expected to exceed 90 mph.
* Custom products or custom colored products are NOT returnable.
treneteeemencneencnnnenneeenastensessneesnemneneveeneeeeee
'tis the responsibility of the client in possession of the quote to review the building code,
snow load and wind speed with the town building inspector to confirm compliance with the
reviewing jurisdiction and notify of us of any discrepancies prior to an order being placed and the
stamped drawings and calculations being created.
All permits and/or fees are the sole responsibility of the Owner or General Contractor.
DOES NOT INCLUDE:
* Anchoring hardware is NOT provided by Shade ‘Systems.
* Engineered drawings are not site specific. If site Specific engineered drawings are required, a
soil test will need to be provided by the customer prior to requesting engineered drawings.
* Engineered drawings are available in electronic format or hard copies.
NOTE:
* Fabric must be removed should winds be expected to exceed 90 mph.
+ Shade Systems products are NOT returnable.
Page 4 of 5

& SONS Purchase Contract
All Fields Must Be Completed to Place Order
Job Name: Civic Triangle Park - Waterford, CT
Quotation Date: 7/10/2025 Version # 1
Bill to: Ship to:
Company/Dept Company det
Name Name -=
Address Address
City, State ZIP City, State ZIP
Phone 24-Hr Contact Name
Email 24-Hr Contact Tei #
Pow (24-Hr Contact Email
Purchase Amount Ss 96,380.00 Date Wanted
Delivery Days/Hours:
Job Address
City, State ZIP
|s job tax exempt (Y/N)? Tax Exempt #
(Tax exempt certificate required)
Customer Acceptance
The attached standard terms and conditions (the "Standard Terms and Conditions") form part of the Purchase Contract (the
“Purchase Contract) between yourself (the *Customer’), and M.E. O'Brien & Sons, Inc. ("O’Brien & Sons"). The Customer's
‘acceptance and understanding of these Standard Terms and Conditions and all other supporting documentation provided as part
of this package is evidenced by signing of the Purchase Contract. Order cannot be processed without a completed and signed
copy of this Purchase Contract.
‘Signature (customer or authorized representative) Date
Print Name
THANK YOU FOR YOUR BUSINESS!
6/27/2024
Page Sof 5

7

8

10102 - ROV
10111 - BLDG MAINT
10135 - SENIORS,
10137 - REC & PARKS
10145 - HUMAN RES
10130 - DPW
Additional supplies needed per state requirements
Utilities costs rose after budget approved
Salary changes after budget approved
Unexpected van repair not budgeted
Additional routes added to increase fuel need
Unexpected repair of fitness & kitchen equipment
Increase in lifeguard wages after budget approved
Additional supplies needed for new properties
Unforeseen auto repairs not budgeted
Changes in salary after budget approved
Fuel costs locked in after budget approved

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9

ADDITIONAL INFORMATIO!
1. The town is also requesting an additional $1,000,000 through the State’s Nuclear Power Safety
Grant to reduce the total investment of the town to $3,642,914. However, the grant is not
awarded until late Spring 2026. If received, any approved funding request would be reduced by
the amount awarded through the grant.
2. New London will continue to be invoiced for their usage of Waterford’s infrastructure which
would provide additional revenue to the town. Current estimate is $100,000 annually.
2|Page

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7-30-2025
To:
Robert J. Brule - First Selectman
Kim Allen — Director of Finance
Glenn Patterson & Board of Finance Members
Paul Goldstein & RTM Members,
‘Thomas W. Giard III - Superintendent of Schools
Joseph Mancini — Director of Finance & Operations - BOE
Pat Fedor & Board of Education Members
From: Abbas Danesh - Treasurer
Subject: Quarterly Treasurer’s Report and Related Financials ending 6/30/2025.
‘The following attachments are included for reference:
Attachment I - 6/30/2025 Cash Positions & QTLY Cash Positions ~ Town of Waterford
Attachment 2 ~ CDs & Bonds Summary ~ Town of Waterford
attachment 2 April - June & attachment 2 combined
Attachment 3 - Graph of Total Interest Income vs. Fiscal Years
Attachment 4 ~ Interest Income by Funds vs. Fiscal Years
Attachment 5 - FY 2026 Estimated General Fund Cash Flow
Attachment 6 - Bond Debt Service
Attachment 7 - Detailed Bond Debt Service FY2026 to FY2032
Attachment 7 combined Bond Debt Service FY2026 to FY2032
Going over our three baskets/institutions:
Averages for STIF interest rates
April 4.42%, May 4.39%, June 4.39%
People’s Savings interest is at 3.25%.
Fidelity account activities:
April: one Mil treasury matured. 15K Morgan Stanley CD was called. Purchased one Mil
treasury maturing 6/2025, 26K Morgan Stanley CD maturing 4/2030, 39K treasury maturing
11/2034.
May: Purchased one Mil treasury maturing 8/2025, 52K treasury maturing 11/2034 and 22K
treasury maturing 5/2035.
June: three Mil Treasury, 43K Goldman Sachs CD, 240K Truist bank CD, 240K bank of
China, 240K Mizrahi bank CD, 240K Third Fed S&L bank CD matured. 180K Federal home loan
was called, Purchased two Mil treasury, 70K treasury maturing 5/2035, 15K agency maturing 6/2032,
240K bank of China maturing 12/2025, 100K agency maturing 5/2030, 243K Hanover bank CD
maturing 9/2025, 163K UMPQUA bank maturing 9/2025, 245K Mizrahi bank CD maturing 10/2025,
750K treasury maturing 12/2025.
Please see Attachment | cash positions as of 6/30/2025. Please note on bottom of the page,
the quarterly cash positions-year over year.

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 April, May, and June by (-.73%, -.72% and -.81%, respectively).
Attachments 3 & 4 show our interest income with comparable amounts from previous years.
FY 2024 of $4,614,433 vs FY 2025 of $3,704,855. Two reasons for the reduced interest;
1. 12 million less in over all funds, please see bottom of the page on attachment 1
2. Interest rates are down by approximate one percentage point since last fiscal year.
Please see Attachment 5, our estimated General Fund cash flows for FY 2026.
Please see Attachment 6, our updated bond debt service.
Please see Attachment 7, our detailed bond debt service annually to FY 2032...total principal
due...our weighted average interest payments & weighted average maturity in years.
Please see Attachment 7 combined
-.8 of 7/1/2025....we have $48,620,000 outstanding Bonds...which we pay 2.92% annual
interest...with average maturity of 4.24 years.
-..with our current outstanding Bonds, by FY 2032...wwe will have $13,550,000 in outstanding
Bonds... which we'll pay 2.04% annual interest...with average maturity of 2.78 years.
Itis an honor and a pleasure to be in my position as treasurer; I welcome any questions or
suggestions.
Sincerely Yours,
wy (es 4
Ly Abbas Danesh - Treasurer
+my next quarterly report will be in Oct 2025.

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[Attachment 6
BOND DEBT SERVICE
[Outstanding Debt Service Post 2020 Taxable Refund
‘Town of Waterford, Connecticut
Fiscal Year Principal Interest Debt Service
2026 $6,645,000 $1,319,500 $7,964,500}
2027 $6,395,000 $1,083,426 $7,478,426
2028 $5,545,000 $829,375 $6,374,375
2029 $5,770,000 $632,762 $6,402,762|
2030 $5,375,000 $482,770 $5,857,770
2031 $5,340,000 $344,138 $5,684,138
2032 $3,635,000 $239,800 $3,874,800)
2033 $3,570,000 $166,780 ‘$3,736,780
2034 $1,585,000 $114,224 $1,699,224
2035 $680,000 $91,800 $771,800]
2036 $680,000 $78,200 $758,200]
2037 $680,000 $64,600 $744,600]
2038 $680,000 $50,575 $730,575]
2039 $680,000 $36,125 $716,125]
2040 $680,000 $21,675 $701,675]
2041 $680,000 $7,225 $687,225]
$48,620,000 _ $5,562,973 __ $54,182,973

“Atachment 7 FY 2028
Detailed Bond Debt Service - Town of Waterford, FY 2026
Pay off.
Date Bond Components Principal Interest
8/15/2025] $9,440,000 GO Refunding, issue of 2014 $840,000] 5.00%
8/15/2026|$9,440,000 GO Refunding, Issue of 2014 $ 845,000 5.00%
8/1/2025|$14,585,000 GO Refunding, issue of 2017 $ 1,070,000 5.00%
8/1/2026|$14,585,000 GO Refunding, Issue of 2017 $ 2,830,000 5.00%
8/1/2027] $14,585,000 GO Refunding, Issue of 2017 $2,820,000 5.00%
8/1/2028| $14,585,000 GO Refunding, Issue of 2017 $ 1,070,000 4.00%
8/1/2029] $14,585,000 GO Refunding, Issue of 2017 $ 685,000 4.00%
8/1/2030| $14,585,000 GO Refunding, Issue of 2017 $ 680,000 4.00%
8/1/2025| $9,085,000 GO Refunding, Series 2019 $ 870,000 5.00%!
8/1/2026|$9,085,000 GO Refunding, Series 2019 $ 885,000 5.00%
8/1/2027|$9,085,000 GO Refunding, Series 2019 $ 905,000 5.00%
8/1/2028] $9,085,000 GO Refunding, Series 2019 $ 915,000 4.00%!
8/1/2029] $9,085,000 GO Refunding, Series 2019 $ 950,000 4.00%|
8/1/2030| $9,085,000 GO Refunding, Series 2019 $ 960,000 4.00%
9/15/2025|$13,655,000 GO, Issue of 2020 $ 685,000 5.00%
9/15/2026 |$13,655,000 GO, Issue of 2020 $ 685,000 5.00%!
9/15/2027|$13,655,000 GO, Issue of 2020 $ 685,000 5.00%!
9/15/2028|$13,655,000 GO, Issue of 2020 $ 685,000 5.00%!
9/15/2029|$13,655,000 GO, Issue of 2020 $ 685,000 4.00%!
9/15/2030|$13,655,000 GO, Issue of 2020 $ 685,000 3.00%|
9/15/2031 |$13,655,000 GO, Issue of 2020 $ 685,000 3.00%!
9/15/2032|$13,655,000 GO, Issue of 2020 $ 680,000 3.00%!
9/15/2033|$13,655,000 GO, Issue of 2020 $ 680,000
9/15/2034|$13,655,000 GO, Issue of 2020 $ 680,000
9/15/2035}$13,655,000 GO, Issue of 2020 $ 680,000
9/15/2036] $13,655,000 GO, Issue of 2020 $ 680,000
9/15/2037|$13,655,000 GO, Issue of 2020 $ 680,000
9/15/2038}$13,655,000 GO, Issue of 2020 $ 680,000
9/15/2039|$13,655,000 GO, Issue of 2020 $ 680,000
9/15/2040|$13,655,000 GO, Issue of 2020 $ 680,000
8/15/2025)$28,890,000 GO Refunding Bonds, Series 2020B $ 3,180,000
8/15/2026|$28,890,000 GO Refunding Bonds, Series 2020B $ 1,150,000
8/15/2027 |$28,890,000 GO Refunding Bonds, Series 2020B $s 1,135,000
8/15/2028| $28,890,000 GO Refunding Bonds, Series 2020B $___ 3,100,000
8/15/2029| $28,890,000 GO Refunding Bonds, Series 2020B $___ 3,055,000
8/15/2030|$28,890,000 GO Refunding Bonds, Series 2020B $ 3,015,000
8/15/2031|$28,890,000 GO Refunding Bonds, Series 2020B $ 2,950,000
8/15/2032|$28,890,000 GO Refunding Bonds, Series 2020B $2,890,000
8/15/2033| $28,890,000 GO Refunding Bonds, Series 2020B $ 905,000
Total Principal Due $ 48,620,000
Our Weighted Average Interest Payment 2.92%
Weighted Average Maturity in Years 4.24

‘Attachment 7 FY 2027
Detailed Bond Debt Service - Town of Waterford, FY 2027
Pay off
Date Bond Components. Principal__| Interest
8/15/2026|$9,440,000 GO Refunding, Issue of 2014 $ 845,000 5.00%
8/1/2026]$14,585,000 GO Refunding, Issue of 2017 $ 2,830,000 5.00%
8/4/2027|$14,585,000 GO Refunding, Issue of 2017 $2,820,000 5.00%
8/1/2028|$14,585,000 GO Refunding, Issue of 2017 $1,070,000 [_ 4.00%|
8/1/2029|$14,585,000 GO Refunding, Issue of 2017 $685,000 | 4.00%|
8/1/2030|$14,585,000 GO Refunding, Issue of 2017 $680,000 [4.00%
8/4/2026|$9,085,000 GO Refunding, Series 2019 $885,000 5.00%|
8/1/2027 |$9,085,000 GO Refunding, Series 2019 $905,000 5.00%
8/1/2028|$9,085,000 GO Refunding, Series 2019 $915,000 4.00%
8/1/2029|$9,085,000 GO Refunding, Series 2019 $ 950,000 4.00%
8/1/2030|$9,085,000 GO Refunding, Series 2019 $960,000 [4.00%
9/15/2026] $13,655,000 GO, Issue of 2020 $685,000 5.00%
9/15/2027|$13,655,000 GO, Issue of 2020 $685,000 5.00%
9/15/2028] $13,655,000 GO, Issue of 2020 $685,000 5.00%|
9/15/2029|$13,655,000 GO, Issue of 2020 $685,000 4.00%|
9/15/2030|$13,655,000 GO, Issue of 2020 $ 685,000 3.00%!
9/15/2031|$13,655,000 GO, Issue of 2020 $685,000 3.00%
9/15/2032|$13,655,000 GO, Issue of 2020 $___ 680,000 3.00%|
9/15/2033|$13,655,000 GO, Issue of 2020 $680,000 2.00%
9/15/2034] $13,655,000 GO, Issue of 2020 $680,000 2.00%|
9/15/2035] $13,655,000 GO, Issue of 2020 $680,000 2.00%
9/15/2036|$13,655,000 GO, $ 680,000 2.00%
9/15/2037|$13,655,000 GO, Issue of 2020 $680,000 2.13%|
9/15/2038| $13,655,000 GO, Issue of 2020 $680,000 2.13%|
9/15/2039|$13,655,000 GO, Issue of 2020 S___ 680,000 2.13%
'9/15/2040| $13,655,000 GO, Issue of 2020 $~ 680,000 2.13%
'8/15/2026| $28,890,000 GO Refunding Bonds, Series 2020B $__ 1,150,000 1.03%|
'8/15/2027| $28,890,000 GO Refunding Bonds, Series 2020B $1,135,000 1.19%|
8/15/2028|$28,890,000 GO Refunding Bonds, Series 2020B $3,100,000 1.47%!
'8/15/2029| $28,890,000 GO Refunding Bonds, Series 2020B $3,055,000 1.57%|
'8/15/2030| $28,890,000 GO Refunding Bonds, Series 2020B $3,015,000 1.67%
8/15/2031] $28,890,000 GO Refunding Bonds, Series 20208 $2,950,000 1.75%
'8/15/2032| $28,890,000 GO Refunding Bonds, Series 2020B $2,890,000 1.85%|
8/15/2033|$28,890,000 GO Refunding Bonds, Series 2020B $905,000 1.95%
Total Principal Due $41,975,000
Our Weighted Average Interest Payment 2.91%
Weighted Average Maturity in Years 3.89

‘Attachment 7 FY 2028,
Detailed Bond Debt Service - Town of Waterford, FY 2028
Pay off
Date Bond Components. Principal | Interest
8/1/2027|$14,585,000 GO Refunding, Issue of 2017 $2,820,000 5.00%
8/1/2028|$14,585,000 GO Refunding, Issue of 2017 $1,070,000 4.00%
8/1/2029|$14,585,000 GO Refunding, Issue of 2017 $ 685,000 4.00%
8/1/2030] $14,585,000 GO Refunding, Issue of 2017 $ 680,000 4.00%|
8/1/2027|$9,085,000 GO Refunding, Series 2019 $ 905,000 5.00%
8/1/2028|$9,085,000 GO Refunding, Series 2019 $915,000 4.00%|
8/1/2029|$9,085,000 GO Refunding, Series 2019 $950,000 4.00%|
8/1/2030|$9,085,000 GO Refunding, Series 2019 $ 960,000 4.00%!
9/15/2027 |$13,655,000 GO, issue of 2020 $ 685,000 5.00%
9/15/2028] $13,655,000 GO, Issue of 2020 $ 685,000 5.00%
9/15/2029] $13,655,000 GO, Issue of 2020 $ 685,000 4.00%!
9/15/2030|$13,655,000 GO, Issue of 2020 $ 685,000 3.00%!
9/15/2031 |$13,655,000 GO, Issue of 2020 $ 685,000 3.00%!
9/15/2032|$13,655,000 GO, Issue of 2020 $ 680,000 3.00%
9/15/2033|$13,655,000 GO, Issue of 2020 $ 680,000 2.00%!
9/15/2034|$13,655,000 GO, Issue of 2020 $ 680,000 2.00%|
9/15/2035] $13,655,000 GO, Issue of 2020 $ 680,000 2.00%|
9/15/2036 |$13,655,000 GO, Issue of 2020 $ 680,000 2.00%|
9/15/2037 |$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
9/15/2038|$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
'9/15/2039|$13,655,000 GO, Issue of 2020 $680,000
9/15/2040|$13,655,000 GO, Issue of 2020 $ 680,000
8/15/2027 |$28,890,000 GO Refunding Bonds, Series 2020B $1,135,000
8/15/2028| $28,890,000 GO Refunding Bonds, Series 2020B $3,100,000
8/15/2029|$28,890,000 GO Refunding Bonds, Series 2020B $3,055,000
8/15/2030|$28,890,000 GO Refunding Bonds, Series 2020B $3,015,000
8/15/2031|$28,890,000 GO Refunding Bonds, Series 2020B $2,950,000
8/15/2032|$28,890,000 GO Refunding Bonds, Series 2020B $2,890,000
8/15/2033|$28,890,000 GO Refunding Bonds, Series 2020B $ 905,000
Total Principal Due $ 35,580,000
Our Weighted Average Interest Payment 2.66%
Weighted Average Maturity in Years 3.57

‘Attachment 7 FY 2029,
Detailed Bond Debt Service - Town of Waterford, FY 2029
Pay off
Date Bond Components Principal__| Interest
8/1/2028|$14,585,000 GO Refunding, Issue of 2017 $1,070,000 4.00%
8/1/2029] $14,585,000 GO Refunding, Issue of 2017 $ 685,000 4.00%
8/1/2030] $14,585,000 GO Refunding, Issue of 2017 $ 680,000 4.00%|
8/1/2028| $9,085,000 GO Refunding, Series 2019 $ 915,000 4.00%
'8/1/2029|$9,085,000 GO Refunding, Series 2019 $950,000 4.00%|
'8/1/2030|$9,085,000 GO Refunding, Series 2019 $960,000 4.00%
'9/15/2028|$13,655,000 GO, Issue of 2020 $685,000 5.00%|
'9/15/2029|$13,655,000 GO, Issue of 2020 $685,000 4.00%
'9/15/2030|$13,655,000 GO, Issue of 2020 $685,000 3.00%
'9/15/2031|$13,655,000 GO, Issue of 2020 $685,000
'9/15/2032|$13,655,000 GO, Issue of 2020 $680,000
'9/15/2033|$13,655,000 GO, Issue of 2020 $680,000
'9/15/2034]$13,655,000 GO, Issue of 2020 $680,000
'9/15/2035|$13,655,000 GO, Issue of 2020 $680,000
'9/15/2036|$13,655,000 GO, Issue of 2020 $680,000
‘9/15/2037 |$13,655,000 GO, Issue of 2020 $680,000
9/15/2038| $13,655,000 GO, Issue of 2020 $680,000
'9/15/2039|$13,655,000 GO, Issue of 2020 $680,000
'9/15/2040|$13,655,000 GO, Issue of 2020 $680,000
8/15/2028] $28,890,000 GO Refunding Bonds, Series 20208 $3,100,000
8/15/2029| $28,890,000 GO Refunding Bonds, Series 20208 $3,055,000
8/15/2030|$28,890,000 GO Refunding Bonds, Series 20208 $3,015,000
8/15/2031 |$28,890,000 GO Refunding Bonds, Series 2020B $2,950,000
8/15/2032) $28,890,000 GO Refunding Bonds, Series 20208 $__ 2,890,000
8/15/2033] $28,890,000 GO Refunding Bonds, Series 20208 ‘S___ 905,000
Total Principal Due $ 30,035,000
Our Weighted Average Interest Payment 2.37%
Weighted Average Maturity in Years 3.21

‘Attachment 7 FY 2030,
Detailed Bond Debt Service - Town of Waterford, FY 2030
Pay off
Date Bond Components Principal__| Interest
8/1/2029|$14,585,000 GO Refunding, Issue of 2017 $ 685,000 4.00%|
8/1/2030|$14,585,000 GO Refunding, Issue of 2017 $ 680,000 4.00%!
8/1/2029|$9,085,000 GO Refunding, Series 2019 $ 950,000 4.00%
8/1/2030|$9,085,000 GO Refunding, Series 2019 $ 960,000 4.00%!
9/15/2029|$13,655,000 GO, Issue of 2020 $685,000 4.00%
9/15/2030|$13,655,000 GO, Issue of 2020 $ 685,000 3.00%|
9/15/2031|$13,655,000 GO, Issue of 2020 $ 685,000 3.00%!
9/15/2032|$13,655,000 GO, Issue of 2020 $ 680,000 3.00%!
9/15/2033] $13,655,000 GO, Issue of 2020 $ 680,000 2.00%!
9/15/2034/$13,655,000 GO, Issue of 2020 $ 680,000 2.00%
9/15/2035|$13,655,000 GO, Issue of 2020 $ 680,000 2.00%
9/15/2036 }$13,655,000 GO, Issue of 2020 $ 680,000 2.00%!
9/15/2037 |$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
9/15/2038 |$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
9/15/2039|$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
9/15/2040|$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
8/15/2029|$28,890,000 GO Refunding Bonds, Series 20208 $3,055,000 1.57%|
8/15/2030|$28,890,000 GO Refunding Bonds, Series 2020B $3,015,000 1.67%|
8/15/2031|$28,890,000 GO Refunding Bonds, Series 2020B $2,950,000 1.75%
8/15/2032|$28,890,000 GO Refunding Bonds, Series 2020B $2,890,000 1.85%!
8/15/2033|$28,890,000 GO Refunding Bonds, Series 20208 $905,000 1.95%
Total Principal Due $ 24,265,000
Our Weighted Average Interest Payment 2.28%
Weighted Average Maturity in Years 2.94

‘Attachment 7 FY 2031
Detailed Bond Debt Service - Town of Waterford, FY 2031
Pay off
Date Bond Components Principal Interest
8/1/2030| $14,585,000 GO Refundii sue of 2017 $ 680,000 4.00%|
8/1/2030|$9,085,000 GO Refunding, Series 2019 $ 960,000 4.00%
9/15/2030|$13,655,000 GO, Issue of 2020 $ 685,000 3.00%!
9/15/2031 |$13,655,000 GO, Issue of 2020 $ 685,000 3.00%
9/15/2032|$13,655,000 GO, Issue of 2020 $ 680,000 3.00%!
9/15/2033|$13,655,000 GO, Issue of 2020 $ 680,000 2.00%!
9/15/2034|$13,655,000 GO, I: of 2020 $ 680,000 2.00%!
9/15/2035 $13,655,000 GO, Issue of 2020 $ 680,000 2.00%!
9/15/2036 |$13,655,000 GO, I: of 2020 $ 680,000 2.00%!
9/15/2037 |$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
9/15/2038| $13,655,000 GO, issue of 2020 $ 680,000 2.13%!
9/15/2039|$13,655,000 GO, Issue of 2020 $ 680,000 2.13%
9/15/2040|$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
8/15/2030 )$28,890,000 GO Refunding Bonds, Series 2020B $ 3,015,000 1.67%
8/15/2031 |$28,890,000 GO Refun: $2,950,000 1.75%
8/15/2032|$28,890,000 GO Refun: $ 2,890,000 1.85%
8/15/2033|$28,890,000 GO Refunding Bonds, Series 2020B $ 905,000 1.95%|
Total Principal Due $ 18,890,000
Our Weighted Average Interest Payment 2.18%
Weighted Average Maturity in Years 2.74

‘Attachment 7 FY 2032
Detailed Bond Debt Service - Town of Waterford, FY 2032
Pay off
Date Bond Components Principal__ | Interest
9/15/2031 |$13,655,000 GO, Issue of 2020 $ 685,000 3.00%|
9/15/2032|$13,655,000 GO, Issue of 2020 $ 680,000 3.00%!
9/15/2033|$13,655,000 GO, Issue of 2020 $680,000 | 2.00%
9/15/2034/$13,655,000 GO, Issue of 2020 $ 680,000 2.00%!
'9/15/2035|$13,655,000 GO, Issue of 2020 $680,000 2.00%
'9/15/2036|$13,655,000 GO, Issue of 2020 $680,000 2.00%
9/15/2037 |$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
9/15/2038}$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
9/15/2039}$13,655,000 GO, tssue of 2020 $ 680,000 2.13%!
9/15/2040|$13,655,000 GO, Issue of 2020 $ 680,000 2.13%!
8/15/2031|$28,890,000 GO Refunding Bonds, Series 2020B $2,950,000 1.75%
8/15/2032|$28,890,000 GO Refunding Bonds, Series 2020B $2,890,000 1.85%
8/15/2033|$28,890,000 GO Refunding Bonds, Series 2020B $905,000 1.95%|
Total Principal Due $ 13,550,000
Our Weighted Average Interest Payment 2.04%
Weighted Average Maturity in Years 2.78

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