BOF 07-16-25 Regular Meeting Agenda and Backup Documents

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FIFTEEN ROPE FERRY ROAD 
WATERFORD, CT 06385-2886 
u-t'f 
. ... It 
-
·-""'
Date: 
June 12, 2025 
7 
To: 
The Members of the Board of Finance 
From: 
The Town Accountant 
Subject: Periodic Financial Statements 
Enclosed are the latest financial statements. 
If you have any questions, please call. 
Thank you, 
qcki
Au 
Enclosures: 
General Fund-Statement of Revenues and 
Statement of Expenditures 
Fleet Management-Statement of Revenues and 
Expenditures 
Capital and Non-recurring Fund-Statement of 
Fund Balance Designations and Appropriations 
Capital Improvement Fund-Expenditures 
Capital Projects Funds-Expenditures 
Contributed Gifts Fund-Balances 
Insurance Administration Fund- Balance Sheet 
w-
PHONE: 860·44280553 
www.waterfordct.org 
14a, b, c

ST ATE OF CONNECTICUT 
EDUCATION 
EQUALIZED COST SHARING 
HEAL TH & WELFARE 
SUBTOTAL 
GENERAL GOVER;o-;:\-tEl'-T 
PILOT-DISABLED 
TIERED PILOT 
TAX RELIEF-VETERANS 
COURT FINES 
CIVIL PREPAREDNESS 
TELECOMMUNICATIONS PROPERTY TAX 
TOWN AID ROADS-IMPROVED 
LOCAL CAPITAL IMPROVEMENT (LOCIPJ 
SOE STATE GRANT 
ENHANCEMENT 911 
MUNICIPAL REVENUE SHARE GRANT 
GRANTS FOR MUNICIPAL PROJECTS 
TOT AL GEJ\'ERAL GOVERNMENT 
TOT AL ST ATE OF CONNECT! CUT 
OTHER SOURCES 
EDUCATION 
TUITION 
RENT & MISCELLANEOUS 
SUBTOTAL 
GENERAL GOVERNMENT 
INTEREST & LIENS 
INTEREST ON INVESTMENTS 
RECREATION & PARKS 
TOW;-. OF WATERFORD 
STATEMENT OF REVENUES COMPARED TO ANTICIPATED 
FOR FISCAL YEAR 2024-2025, THROUGH MA'I' 31, 2025 
WITH COM PAR-HIVE ACTUAL AMOUNTS 
FOR FISCAL YEAR 2023-2024, THROUGH MAY 31, 2024 
FAVORABLE 
(UNFAVOR,\BLE) 
FISCAL 
FISCAL 
FISCAL 
YEAR 
2024-2025 
Bl'DGET 
FISCAL 
YEAR 
l0H-2025 
ACTUAL 
YEAR 
2024-2025 
\'ARIANCE 
YEAR 
2023-2024 
ACTl'AL 
$326.444 
$6.359 
332,803 
1.200 
347,575 
5.000 
0 
23,000 
58.071 
321,360 
177.479 
14,000 
22.500 
315.978 
34,255 
1,320,418 
1,653,221 
0 
1.500 
1,500 
381,744 
2,000,000 
202.001 
$357,197 
$6.350 
363,547 
1,541 
349,298 
4.033 
27.899 
54,391 
70,714 
321.360 
0 
14.103 
22.595 
0 
0 
865,933 
1,229,480 
52.420 
4.620 
57,040 
304,633 
2.200,709 
184,802 
30,753 
(9) 
30,744 
341 
l.723
{967)
27,899
31.39 l
12,643
(0) 
(177.479) 
103 
95 
(315,978) 
(34,255} 
(454,485) 
(423,741) 
52.420 
3.120 
55,540 
(77,111) 
200.709 
(17.199) 
$322,130 
$6.810 
328,940 
Sl.486 
$347,575 
$3.671 
$12,110 
$38,988 
$89.710 
$321.360 
$0 
$14.103 
$22.583 
$493.810 
$0 
1,345,396 
1,674,336 
86.287 
3.994 
90,281 
271,356 
2.965,664 
242.513 
FIRE SERVICES INSPECTIONS & PLAN FEES 
BUILDING INSPECTOR 
7.320 
530,591 
16.660 
842.122 
9,340 
4,900 
311,531 
534,996 
LICENSE. FEE. PERMIT, FINE 
LIBRARY 
18.320 
18,181 
( 140) 
15.936 
0 
1,290 
1.290 
1,423 

TOW;\' OF WATERFORD 
STATEME.\'T OF REVE-'il1ES COMPARED TO ANTICIPATED 
FOR FISCAL YEAR 2024-2025, THROUGH MAY 31, 2025 
WITH COMPARATIVE ACTtiAL AMOlli"TS 
SALE OF EQUIPMENT 
SCRRRA REBA TE 
NL RADIO COMM NETWORK USE FEE 
BULKY WASTE FEES 
MISCELLANEOUS 
CONVEYANCE TAX 
EMS-REG COMM CTR FEES 
PLANNING& ZONING, ZBA. CONSRV COMM 
TOWN CLERK FEES 
LIENS -COLLECTED BY UTILITY COMMISSION 
TIPPING FEES 
RECYCLING 
TRANSFERS FROM OTHER FUNDS 
TRANSFERS !N-PY ENCUMBRANCES 
EUGENE O'NEILL GATE/LEASE REVENUE 
AMBULANCE OPERATING SUBSIDY 
YSB BOE CLERICAL STIPEND 
RENTAL OF BUILDINGS 
SENIOR SERVICES 
VERSA KART/BLUE BOXES 
PUBLIC WORKS BOE CUSTODIAL SUBSIDY 
SUB TOTAL 
TOTAL OTHER SOURCES 
PROPERTY TAXATIOi\ 
CURRENT PROPERTY TAX 
PRIOR YEAR TAXES 
TOTAL PROPERTY TAXATIOǤ 
FUND BALANCE APPLIED 
TOTAL REVENUES 
FOR FISCAL YEAR 2023-2024, THROUGH MAY 31, 2024 
FAVORABLE 
(U!ff A VORABLE) 
FISCAL 
FISCAL 
FISCAL 
FISCAL 
YEAR 
YEAR 
YEAR 
YEAR 
2024-2025 
2024-2025 
2024-2025 
2023-2024 
BUDGET 
ACTLAL 
VARIANCE 
ACTUAL 
1.000 
10 
(990)
12.635
0 
2.578 
2.578 
1.532 
0 
75.487 
75.487 
0 
112.000 
100.582 
(11.418) 
103.682 
50.000 
70.268 
20.268 
160.181 
200.000 
307,160 
107.160 
278.948 
6.000 
4,500 
( !.500) 
4,500 
55,980 
45,666 
(10,314) 
50,035 
175,000 
133,093 
(41,907) 
133,010 
0 
1,960 
1,960 
2,860 
275,000 
128,529 
(146,471) 
132.647 
50,000 
44,376 
(5,624) 
35.528 
0 00 
46.268 
46,268 
897.324 
0 
4.789 
4,789 
29.331 
10.000 
22.942 
12.942 
22.474 
6.000 
0 
(6,000) 
0 
5.000 
5.000 
0 
5.000 
50.000 
60.510 
10,510 
56.996 
10.198 
25,195 
14,997 
20,948 
8,000 
8,520 
520 
7,110 
75.927 
75,927 
0 
73,218 
4,230,081 
4,731,755 
501,674 
6,064,747 
4,231,581 
4,788,795 
557,214 
6,155,028 
99,867.307 
98,914.897 
(952.410) 
95.844.435 
486.849 
(706.195) 
(1,193.044) 
352.796 
100,354, 156 
98,208,701 
(2, l 45,455) 
96,197,231 
1,000,000 
0 
(1,000,000) 
0 
I 07 ,238,958 
104,226,977 
(3,011,982) 
I 04,026,595 

TOWN OF WATERFORD 
STATDIENT or REVE:-.l ES COMPARED TO ANTICIPATED 
FOR FISCAL \'EAR 202-4-2025. THROUGH MA\' JI. 2025 
WITH CO\IPARATIVE ACTl.iALAMOli;o..TS 
FOR FISCAL YEAR 2023-2024. THROl'GH \IA Y 31, 2024 
FAVORABLE 
FISCAL 
(UNFAVORABLE) 
FISCAL 
FISCAL 
YEAR 
FISCAL 
FISCAL 
\ EAR 
\"[AR 
202-1-2025 
YEAR 
YEAR 
2024-2025 
202-1-2025 
PERCEl\:T 
2024-2025 
2023-2024 
BUDGET 
ACTUAL 
RECEIVED VARIANCE 
ACTUAL 
STATE OF CONNECTICUT 
EDUCATION 
EQUALIZED COST SHARING 
$326-444 
$357,197 
109 42% 
30,753 
$322,130 
HEAL TH & WELFARE 
$6,359 
$6.350 
99 86% 
t9) 
$6,810 
SUB TOTAL 
332,803 
363,547 
109.2-4% 
30.744 
328,940 
GENERALGOVERNíENT 
PILOT-DISABLED 
1,200 
1,541 
128.40% 
341 
$1,486 
TIERED PILOT 
347,575 
349,298 
100 50% 
1,723 
$347,575 
TAX RELIEF-VETERANS 
5,000 
4,033 
8065% 
(967)
$3,671
COURT FINES 
0 
27,899 
#DIV/0! 
27,899 
$12,110 
CIVIL PREPAREDNESS 
23,000 
54,391 
23648% 
31,391 
$38,988 
TELECOMMUNICATIONS PROPERTY TAX 
58,071 
70,714 
121.77% 
12,643 
$89,710 
TOWN AID ROADS-IMPROVED 
321,360 
321,360 
100 00% 
(0)
$321,360
LOCAL CAPITAL IMPROVEMENT (LOCIP) 
177,479 
0 
0 00% 
(177,479) 
$0 
SDE STATE GRANT 
14,000 
14,103 
100 74% 
103 
$14,103 
ENHANCEMENT 91 l 
22.500 
22,595 
100.42% 
95 
$22.583 
MUNICIPAL REVENUE SHARE GRANT 
3 I 5,978 
0 
0.00% 
(315,978) 
$493.810 
GRANTS FOR MUNICIPAL PROJECTS 
34,255 
0 
0.00% 
(34.255) 
$0 
TOTAL GENERAL GOVER1'\IENT 
1,320,418 
865,933 
65.58% 
(454,485) 
1..345.396 
TOTAL STATE OF CONNECTICUT 
1,653,221 
1,229.480 
74.37% 
(423,7.fl) 
1,67.f,JJ6 
OTHER SOURCES 
EDUCATION 
TUITION 
0 
52,420 
#OIV/'(I 
52,420 
86,287 
RENT & MISCELLANEOUS 
1,500 
4,620 
307 97% 
3,120 
3,994 
SUB TOTAL 
1,500 
57,040 3802.63"/4 
55.540 
90,281 
GENERALGOVERîMENT 
INTEREST & LIENS 
381,744 
304.633 
79 80¾ 
(77.111) 
271,356 
INTEREST ON INVESTMENTS 
2,000,000 
2,200,709 
110,04% 
200,709 
2.965,664 
RECREATION & PARKS 
202,001 
184,802 
91.49% 
(17,199) 
242,513 
FIRE SERVICES INSPECTIONS & PLAN FEES 
7,320 
16,660 
227.60% 
9,340 
4,900 
BUILDING INSPECTOR 
530.591 
842,122 
158.71% 
311.531 
534,996 
LICENSE, FEE. PERMIT, FINE 
18,320 
18,181 
99.24% 
(140) 
15,936
LIBRARY 
0 
1,290 
#DIV/0 
1,290 
1,423 

TOWN OF WATERFORD 
STATEMENT OF REVENUES COMPARED TO ANTICIPATED 
FOR FISCAL YEAR 202ž-2025, THROUGH MAY JI, 2025 
\\ITH COMPARATIVE ACTUAL AMOUNTS 
FOR FISCAL YEAR 2023-2024, THROUGH MAY JI, 2024 
FAVORABLE 
FISCAL 
(UNFAVORABLE) 
FISCAL 
FISC,\L 
YEAR 
FISCAL 
FISCAL 
\'EAR 
\-'EAR 
2014-2025 
\'EAR 
\'EAR 
20H-2025 
2024-2025 
PERCE1'T 
2024-202S 
2023-202 
BUDGET 
ACTUAL 
RECEIVED VARIASCE 
ACTUAL 
SALE OF EQUIPMENT 
1,000 
10 
I 01% 
(990)
12,635
SCRRRA REBATE 
0 
2,578 
#DIV/0! 
2,578 
1,532 
NL RADIO COMM. NETWORK USE FEE 
0 
75,487 
1/DIV/O! 
75,487 
0 
BULKY WASTE FEES 
112.000 
100.582 
89.81% 
(11,418) 
103,682 
MISCELLANEOUS 
50,000 
70,268 
140.54% 
20.268 
160,181 
CONVEYANCE TAX 
200.000 
307.160 
153.58% 
107,160 
278,948 
EMS-REG COMM CTR FEES 
6,000 
4.500 
75.00% 
(1,500) 
4,500 
PLANNING& ZONING, ZBA, CONS RV COMM 
55,980 
45,666 
81.58% 
(10,314) 
50,035 
TOWN CLERK FEES 
175,000 
133,093 
76.05% 
(41,907) 
133,010 
LIENS-COLLECTED BY UTILITY COMMISSION 
0 
1,960 
#DIV/0! 
1,960 
2,860 
TIPPING FEES 
275,000 
128,529 
46.74% 
(146,471) 
132,647 
RECYCLING 
50,000 
44,376 
88.75% 
(5,624) 
35,528 
TRANSFERS FROM OTHER FUNDS 
0.00 
46,268 
IIDIV/01 
46,268 
897,324 
TRANSFERS TN-PY ENCUMBRANCES 
0 
4,789 
#DJV/0! 
4,789 
29.331 
EUGENE O'NEILL GATE/LEASE REVENUE 
10,000 
22,942 
229.42% 
12,942 
22,474 
AMBULANCE OPERA TING SUBSIDY 
6,000 
0 
0 00% 
(6,000) 
0 
YSB BOE CLERICAL STIPEND 
5,000 
5,000 
JOO 00% 
0 
5,000 
RENTAL OF BUILDINGS 
50,000 
60,510 
12102% 
10,510 
56,996 
SENIOR SERVICES 
10,198 
25,195 
247.05% 
14,997 
20,948 
VERSA KART/BLUE BOXES 
8,000 
8,520 
106 50% 
520 
7,110 
PUBLIC WORKS BOE CUSTODIAL SUBSIDY 
75,927 
75.927 
100 00% 
0 
73,218 
SUBTOTAL 
4,230.081 
-l,731,755 
111.86% 
501,674 
6,064,747 
TOTAL OTHER SOURCES 
-l.231.581 
4,788,795 
113.17% 
557,214 
6,ISS,028 
PROPERTY TAXATION 
CURRENT PROPERTY TAX 
99,867,307 
98.914,897 
99.05¾ 
(952.4 101 
95,844,435 
PRIOR YEAR TAXES 
486,849 
(706. 195) -145.05%
(1,193,044) 
J52,796 
TOTAL PROPERTY TAXATION 
I 00,3S4, I 56 
98,208,701 
97.86% 
(2, l-lS,455) 
96,197,231 
FUND BALANCE APPLIED 
1,000,000 
0 
0.00% 
(1,000,000) 
0 
TOTAL REVENUES 
I 07 .238,958 
I 0-l,226,977 
97.19% 
(3,0 I 1,982) 
I 04,026.595 




GENERAL FUND 
STATEMENT Of' EXPENDITURES COMPARED TO BUDGET 
FOR FISCAL YEAR 2024-2025, THROUGH MAY 31, 2025 
WITH COMPARATIVE ACTUAL AMOUNTS 
FOR FISCAL YEAR 2023-2024, THROUGH MAY 31, 2024 
FISCAL YEAR 2025 
VARIANCE 
FISCAL YEAR 
FISCAL YEAR 2025 
FISCAL YEAR 2025 
FAVORABLE 
2023-2024 
APPROPRIATED 
ACTUAL 
{UNFAVORABLE} _ 
ACTUAL 
GENERAL GOVERNMENT 
Board of Selectmen 
$206,405 
$175,218 
31,187 
$176,498 
Registrar of Voters 
$108,497 
$115,237 
(6,740) 
$92,969 
Board of Finance 
$80,713 
$85,181 
(4,468) 
$80,605 
Assessor 
$311,713 
$281,979 
29,734 
$269,377 
Board of Assessment Appeals 
$1,742 
$948 
794 
$840 
Tax Collector 
$232,331 
$200,099 
32,232 
$211,801 
Finance Department 
$767,856 
$698,127 
69,729 
$693,313 
Legal Department 
$295,000 
$273,157 
21,843 
$368,992 
Town Clerk 
$264,849 
$239,650 
25,199 
$233,139 
Planning and Zoning 
$686,543 
$597,063 
89,480 
$576,786 
Building Maintenance 
$997,190 
$1,079,747 
(82,557) 
$1,103,626 
Insurance 
$4,962,182 
$4,821,613 
140,569 
$4,770,392 
Economic Development Commission 
$25,267 
$9,591 
15,676 
$26,721 
Conservation Commission 
$18,250 
$13,982 
4,268 
$13,599 
Zoning Board of Appeals 
$4,310 
3,063 
1,247 
3,099 
Retirement Commission 
$7,760,257 
$6,956,845 
803,412 
$5,892,998 
R.T.M. 
$18,903 
$16,246 
2,657 
$15,980 
Building Department 
$326,532 
$243,912 
82,620 
$257,057 
Youth Service Bureau 
$294,579 
$286,128 
8,451 
$253,534 
Social Service Grants/Miscellaneous 
$98,960 
$95,840 
3,120 
$87,181 
Contingency Fund 
$1,294 
0 
1,294 
0 
Emergency Management 
$1,196,762 
$975,749 
221,013 
$887,382 
Fire Services 
$3,780,649 
$3,317,224 
463,425 
$3,244,422 
Police Department 
$7,078,401 
$6,241,720 
836,681 
$5,976,664 
Public Works Department 
$5,086,238 
$4,441,249 
644,989 
$4,249,143 
Conservation of Health 
$148,407 
148,407 
0 
148,407 
Public Health Nursing 
$26,297 
26,297 
0 
18,000 
Page 1 of 2 

Senior Citizens Commission 
Waterford Public Library 
Recreation and Parks 
Flood and Erosion Control Bd. 
Ethics Commission 
Human Resources 
Information Technology 
Transfer to Waterford Special Activity Fund 
Transfer to Waterford Shellfish Fund 
Transfer to Capital Improvement Fund 
Transfer to Capital & Non-Recurring Fund 
Transfer to Dog Fund 
Debt Service 
Total General Government 
Board of Education 
Total General Fund 
GENERAL FUND 
STATEMENT OF EXPENDITURES COMPARED TO BUDGET 
FOR FISCAL YEAR 2024-2025, THROUGH MAY 31, 2025 
WITH COMPARATIVE ACTUAL AMOUNTS 
FOR FISCAL YEAR 2023-2024, THROUGH MAY 31, 2024 
FISCAL YEAR 2025 
VARIANCE 
FISCAL YEAR 2025 
FISCAL YEAR 2025 
FAVORABLE 
APPROPRIATED 
ACTUAL 
(UNFAVORABLE} 
$481,248 
480,615 
633 
$1,006,837 
$916,195 
90,642 
$1,484,660 
$1,336,697 
147,963 
$1,109 
327 
782 
$900 
463 
437 
$264,204 
$240,561 
23,643 
$1,231,423 
$1,184,975 
46,448 
$4,750 
$4,750 
0 
$1,290 
$1,290 
0 
$2,634,168 
$2,634,168 
0 
$3,855,977 
$3,855,977 
0 
$100,000 
$100,000 
0 
$8,109,746 
$8,109,746 
1 
$53,956,439 
$50,210,035 
$3,746,404 
$57,611,181 
$49,368,250 
8,242,931 
$111,567,620 
$99,578,285 
$11,989,335 
Page 2 of 2 
FISCAL YEAR 
2023-2024 
ACTUAL 
446,107 
$964,429 
$1,272,144 
470 
447 
$270,586 
$1,122,108 
$4,750 
$4,134 
$2,787,620 
$3,255,800 
$100,000 
$8,148,250 
$48,029,370 
$46,993,362 
$95,022,732 

GENERAL FUND 
STATEMENT OF 1-:XPENDITURES COMPARED TO BUDGET 
J<'OR FISCAL YEAR 2024-2025, THROUGH MAY JI, 202S 
WITII COMPARATIVE ACTUAL AMOl'NTS 
FOR J<'ISCAL YEAR 2023-2024, TIIROUGII MA\' JI, 2024 
f.'JSCAL YEAR 202S 
FISCAL YEAR 2025 
VARIANCI-: 
FISCAL YI-:AR 
FISCAL YEAR 2025 
FISCAL YEAR 2025 
PERCENT 
FAVORABLE 
2023·2024 
APPROPRIATED 
ACTUAL 
EXPENDED 
(UNFAVORABU'.) 
ACTl.AL 
GENERAL GOVERNMENT 
Board of Selectmen 
$206,405 
$175,218 
84 89% 
31,187 
$176,498 
Registrar of Voters 
$108,497 
$115,237 
106.21% 
(6,740) 
$92,969 
Board of Finance 
$80,713 
$85,181 
105.54% 
(4,468) 
$80,605 
Assessor 
$311,713 
$281,979 
90.46% 
29,734 
$269,377 
Board of Assessment Appeals 
$1,742 
$948 
54.43% 
794 
$840 
Tax Collector 
$232,331 
$200,099 
86.13% 
32,232 
$211,801 
Finance Department 
$767,856 
$698,127 
90.92% 
69,729 
$693,313 
Legal Department 
$295,000 
$273,157 
92.60% 
21,843 
$368,992 
Town Clerk 
$264,849 
$239,650 
90.49% 
25,199 
$233,139 
Planning and Zoning 
$686,543 
$597,063 
86.97% 
89,480 
$576,786 
Building Maintenance 
$997,190 
$1,079,747 
108.28% 
(82,557) 
$1,103,626 
Insurance 
$4,962,182 
$4,821,613 
97.17% 
140,569 
$4,770,392 
Economic Development Commission 
$25,267 
$9,591 
37.96% 
15,676 
$26,721 
Conservation Commission 
$18,250 
$13,982 
76.61% 
4,268 
$13,599 
Zoning Board of Appeals 
$4,310 
3,063 
71.07% 
1,247 
3,099 
Retirement Commission 
$7,760,257 
$6,956,845 
89.65% 
803,412 
$5,892,998 
R.T.M. 
$18,903 
$16,246 
85.94% 
2,657 
$15,980 
Building Department 
$326,532 
$243,912 
74.70% 
82,620 
$257,057 
Youth Service Bureau 
$294,579 
$286,128 
97.13% 
8,451 
$253,534 
Social Service Grants/Miscellaneous 
$98,960 
$95,840 
96.85% 
3,120 
$87,181 
Contingency Fund 
$1,294 
0 
0.00% 
1,294 
0 
Emergency Management 
$1,196,762 
$975,749 
81.53% 
221,013 
$887,382 
Fire Services 
$3,780,649 
$3,317,224 
87.74% 
463,425 
$3,244,422 
Police Department 
$7,078,401 
$6,241,720 
88.18% 
836,681 
$5,976,664 
Public Works Department 
$5,086,238 
$4,441,249 
87.32% 
644,989 
$4,249,143 
Conservation of Health 
$148,407 
148,407 
100.00% 
0 
148,407 
Public Health Nursing 
$26,297 
26,297 
100.00% 
0 
18,000 
Senior Citizens Commission 
$481,248 
480,615 
99.87% 
633 
446,107 
Waterford Public Library 
$1,006,837 
$916,195 
91.00% 
90,642 
$964,429 
Recreation and Parks 
$1,484,660 
$1,336,697 
90.03% 
147,963 
$1,272,144 
Flood and Erosion Control Bd. 
$1,109 
327 
29.51% 
782 
470 
Ethics Commission 
$900 
463 
51.41% 
437 
447 
Pae 1 or 2 

Human Resources 
Information Technology 
Transfer to Waterford Special Activity Fund 
Transfer to Waterford Shellfish Fund 
Transfer to Capital Improvement Fund 
Transfer to Capital & Non-Recurring Fund 
Transfer lo Dog Fund 
Debt Service 
Total General Government 
Board of Education 
Total General Fund 
GENERAL J-'UND 
ST A TEM ENT OF EXPENDITURES COMPARED TO BUDGET 
FOR FISCAL YEAR 2024-2025, THROUGH MAY 3 I, 2025 
WITH COM PARA TIVF. ACTUAL AMOUNTS 
FOR FISCAL YEAR 2023-2024, TIIROUGH MAY JI, 2024 
FISCAL YEAR 202S 
APPROPRIATED 
$264,204 
$1,231,423 
$4,750 
$1,290 
$2,634,168 
$3,855,977 
$100,000 
$8 109,746 
$53,956,439 
$57,611,181 
$111,567,620 
FISCAL YEAR 2025 
A(' l'llAI. 
$240,561 
$1,184,975 
$4,750 
$1,290 
$2,634,168 
$3,855,977 
$100,000 
$8,109,746 
$50,210,035 
$49,368,250 
$99,578,285 
Page 2 of 2 
FISCAL YEAR 2025 
PERCENT 
EXPENDED 
91.05% 
96.23% 
100.00% 
100 00% 
100.00% 
100.00% 
100 00% 
100 00% 
93.06% 
89.25% 
FISCAL YEAR 202S 
VARIANCE 
FAVORABLE 
(UNFA VORABU:) 
23,643 
46,448 
0 
0 
0 
0 
0 
1 
$3,746,404 
8,242,931 
$11,989,335 
FISCAL YEAR 
2023-2024 
ACTUAL 
$270,586 
$1,122,108 
$4,750 
$4 134 
$2,787.620 
$3,255.800 
$100.000 
$8,148,250 
$48,029,370 
$46,993,362 
$95,022,732 

TOWN OF WATERFORD 
STATEMENT OF REVENUES, EXPENDITURES 
AND CHANGES IN FUND BALANCE 
FLEET MANAGEMENT FUND 
Revenues: 
Investment Income 
Vehicle Rentals 
Sale of Vehicles 
Sale of Equipment 
Total Revenues 
Expenditures: 
Equipment Replacement 
Vehicle Replacement 
Total Expenditures 
AS OF MAY 31, 2025 
Excess (Deficiency) of Revenues Over Expenditures 
Other Financing Sources (Uses): 
Transfers from other funds 
Total Other Financing Sources (Uses) 
Net Change in Fund Balances 
Fund Balances - Beginning 
Fund Balances - Ending 
165,948 
89,360 
22,857 
8,430 
286,596 
333,202 
2,933,114 
3,266,317 
(2,979,721) 
1,000,000 
1,000,000 
(1,979,721) 
3,501,938 
1,522,217 

,, 
TOWN OF WATERFORD 
CAPITAL AND NON-RECURRING EXPENDITURE FUND 
FUND BALANCE AND APPROPRIATION 
AS OF MAY 31, 2025 
APPROPRIATED 
DESIGNATED 
UNOESIGNATED 
TOTAL 
20501-57018 PURCHASE 8 GOSHEN ROAD 
S0.00 
$0.00 
56,314.00 
$6,314.00 
20501-57639 REVALUATION 
$0.00 
$532,700.00 
$0.00 
$532,700.00 
20511-57740 COHANZIE SCHOOL REMEDIATION & 
$0.00 
$40,000.00 
$0.00 
$40,000.00 
20511-57767 NEVINS COTTAGE REPAIRS 
$29,671.19 
S25,000.00 
$0 00 
$54,671.19 
20511-57870 MAGO POINT IMPROVEMENTS 
$45.478.95 
$0.00 
$0.00 
$45,478.95 
20511-57871 PUBLIC SAFElY BLDG HVAC 
$0.00 
$0.00 
$62.045 00 
$62,045.00 
20511-57872 ROOF & HVAC REPLACEMENT PUBLIC SAFElY BUILDING 
$4,769 20 
$0.00 
$0 00 
$4,769.20 
20511-57874 RECONDITION ELEVATORS -TOWN HALLJYOUTH SERVICES BLDG 
$9.00 
$0.00 
$0 00 
$9.00 
20511-57876 SW SCHOOL UNDERGROUND TANK 
$0.00 
$0.00 
$81,208 75 
$81,208.75 
20511-57879 TOWN HALL BATHROOM REFURBISHMENT 
($96.40) 
SO.DO 
$0 00 
($96.40) 
20511-57885 COMMUNITY CENTER BMS PROJECT 
$0.00 
$0.00 
S51,050 00 
$51,050.00 
20511-57889 PUBLIC SAFETY COMPLEX HVAC 
SO 00 
$100,000.00 
$0 00 
$1 00,000.00 
20522-57794 MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM 
$330.75 
$3,683.00 
$0 00 
$4,013.75 
20522-57887 FARGO WATER TANK ANTENNA 
(SO 00) 
$0.00 
$0 74 
$0.74 
20523-57777 FIRE SERVICES -SCBA UPGRADE PROGRAM 
$4,168.56 
$0 00 
$0 00 
$4,168.56 
20523-57792 OSWEGATCHIE-BUILDING RENOVATIONS 
$430,573.97 
$0 00 
$0 00 
$430,573.97 
20523-57836 FIRE SERVICES CARPET REPLACEMENT 
$0.00 
$30.000 00 
$0 00 
$30,000.00 
20523-57888 GOSHEN ROOF REPLACEMENT 
$0.00 
$60,000 00 
$0 00 
$60,000.00 
20530-57695 MUNICIPAL COMPLEX RENOVATION 
lj-NJ---
$317,087.81 
$6,100,833 00 
$0 00 
$6,417,920.81 
2osof.'si2'05 FUNDING OFFSETS DEBT SERVICE-MUNICIPAL COMPLEX 
_ 1 ;:" 
,J;. 
($1,251,500.00) 
"cst!,000,000.00) = $0.00 
($7,251,500.00) 
20S30-57696 MUNICIPAL COMPLEX CLEAN UP 
$4,370.23 
SO 00 
$0 00 
$4,370.23 
20530-57880 MAJOR/MINOR COLLECTOR ROAD PAVING 
$98,792.61 
$0 00 
$0 00 
$98,792.61 
20530-57886 OLD NORWICH ROAD PAVING 
$1,053,000.00 
SO 00 
$0 00 
$1,053,000.00 
20531-57685 1/1 MITIGATION & CONTROL 
S232,645.73 
$0 00 
$0 00 
$232,645.73 
20531-57816 OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB 
$160,595.91 
$0 00 
$0 00 
$160,595.91 
20531-57881 PLASTIC WATER SERVICE LINE REPLACEMENT 
$407,225.26 
$200,000 00 
$0 DO 
$607,225.26 
20531-57890 WEIMES & MARILYN EJECTOR REPLACEMENT 
$19,800.00 
$0.00 
$0 00 
$19,800.00 
20536-57848 LIBRARY HVAC UPGRADE 
($157,200.76) 
$0.00 
$0.00 
($157,200.761 
20500-49000 CT PUBLIC LIBRARY CONSTRUCTION GRANT 
___ ·=-=...: 
$0.00 
($250,000.00) 
_-:--=: 
$0.00 
($250,000.00) 
20537-57735 LEARY PARK ROAD /PARKING LOT 
$0.00 
$20,000.00 
$0.00 
$20,000.00 
20537-57878 REPAIR OF PLEASURE BEACH SIDEWALK/PATH 
$0.00 
$145,000.00 
$0.00 
$145,000.00 
20541,57328 ALEWIFE COVE 
$0.00 
$0.00 
$16.00 
$16.00 
20547,57847 TOWN-WIDE CAMERA SYSTEM 
$0.00 
$0.00 
$86.00 
$86.00 
20547,57860 PHONE SYSTEM UPGRADE 
$0.00 
$0.00 
$60,076.06 
$60,076.06 
20547-57861 SWITCHES 
$0.00 
$2,258.00 
$0.00 
$2,258.00 
20547-57882 COMPUTER REPLACEMENTS 
$0.65 
$28,333.00 
S0.00 
$28,333.65 
20500-43600 ruRF FIELD RENTAL REVENUES· 
7.	-
, ..--Nj-:-= 
-
$nj 
_ M,Ǎ15,00 
ǎ 
$0.00 
= ___3Ǐ:e1s.oo 
20S60.55020 CLMS CHILLER REPLACEMENTS 
$70,229.04 
$0.00 
$0.00 
$70,229.04 
20560-57820 WHS TRACK & FIELD REPLACEMENT 
$0.00 
$53.000.00 
$0.00 
$53,000.00 
.... , 

20560-57822 IT LEARNING BOARDS -END OF LIFE 
20560-57828 QH 10-YR RETRO COMMISSIONING 
20560-57833 TENNIS COURTS 
20560-57841 BUS LOT OFFICE 
20560-57842 SCHOOL SECURITY 
20560-57884 CHROMEBOOK & IPAD EQUIPMENT 
20560-57891 ENERGY EFFICIENCY PROGRAM 
20560-57892 HVAC EVALUATIONIREMIDATION 
20560-57893 GREAT NECK SCHOOL FIELD DRAINAGE 
205-31520 
UNDESIGNATED FUND BALANCE 
TOTAL 
TOWN OF WATERFORD 
CAPITAL AND NON-RECURRING EXPENDITURE FUND 
FUND BALANCE AND APPROPRIATION 
AS OF MAY 31, 2025 
TOTAL
APPROPRIATED 
DESIGNATED 
UNDESIGNATED 
. _ 
$610 
$27 319,88 
$0.00 
$30,000 00 
$0.00 
$104.200 00 
$0,00 
$150,000 00 
$276,870.62 
$0 00 
$608.00 
$0 00 
$<;19,636 27 
$0 00 
$0 00 
$85,000 00 
$0 00 
$278,750 00 
$0 00 
$0,00 
$1,847,072.69 
$1,770,891.88 
._, 
$0 00 
$0.00 
$0 00 
$0.00 
$0.00 
$0.00 
$0.00 
$0,00 
$0,00 
$630,424.35 
$891,220.90 
------
$27,325.98 
$30,000.00 
$104,200.00 
$150,000.00 
$276,870.62 
$608.00 
$99,636.27 
$85,000.00 
$278,750.00 
$630,424.35 
$4,509,185.47 

ACCOUNT 
DEPTjYEAR 
30125-55738 llOSFY25 
31117-55803 BLDG MAINT FY17 
31118-55803 BLDG MAlNT FY18 
31120.55851 BLDGMA!NTFY20 
:n 120-55852 Bl.Ix; MA!Nl FY20 
̱I 121 -̲5851 
BLDG MA!NT FY21 
31122 $581? BLDG MAINT FY22 
31122-55893 
BLDG MAINT FY22 
31123-55904 
BLDG MAINT FY23 
31123-55905 
BLDG MAINT FY23 
31123-57857 BLDG MAJ NT FY23 
3112•1 55912 
Bl.DC MAINT 1:Y21 
31124-55913 
BLDG MA!Nl. FY24 
31124-55915 BLDG MAINT FY24 
31125-55904 BLDG MAINT FY25 
32224-55908 EMERGENCY MANAGEMENT FY24 
32224-55909 
EMERGENCY MANAGFMENTFY24 
32323-55900 FIRE SERVICES FY23 
32323-55907 
FIRE SERVICF.5 l'Y23 
32325-5591 b FIRE SERVICES FY25 
32925-559HI POI.ICE DEi'!' FY25 
32925-55919 
POLICE DEl'r FY25 
33020-55850 PUBLIC WORKS fY20 
33020-59300 PUBLIC WORKS fY20 
TOWN OF WATERFORD 
CAPITAL IMPROVEMENT FUND 
MAY 31, 2025 
DESCRIPTION 
APPROPRIATED 
-
H.F.ET MANAGEMENT PLAN 
1,000,000.00 
PARKING LOT YOUHl SERVICES 
300,000.00 
PARKING LOT-YSB/POUCE 
195,320.00 
ADA IMPROVEMlN'IS YSB/PD 
87,000.00 
rowN liAl.l, l!ATJ-IROOMS 
87,500.00 
ADA IMPROVEMENTS YSB/PIJ 
80,700.00 
usr RF.Pl .ACEMtN r 
250,000.00 
EUGI'NEO'NEILL ROOF REPLACI: 
60,767.64 
usr REPLACl:.MENT EUGl'NE O'NEILL 
260,000.00 
UST RFPLACEMENT UIIRARY&l'UBLIC SAFHY 
420,000.00 
CIVIC TRIANGLE UPGRADfS 
1,285,818.00 
TOWN IXJCK REPLACEMENT 
40,000.00 
JORDAN PARKHOUSE REPAIRS 
31,583.00 
SEP'DC REPLrvIT (EUGENE O'NEILi.) 
43,500.00 
UST REPLACEMENT HUGENE O'NEILL 
153,000.00 
Al'CO IN l'ELLICOM GUIDECARD SYS! 
40,000.00 
EVENTIDE Nl'XLOGDX RECORDER 
88,701.00 
COHANZII' EMERGENCY GFNERA'IOR 
57,000.00 
PAGERS Ul'GRADE/Rlll'LACl:Ml'N'l 
25,000.00 
COHANZIE SKYLIGI-IT REPLACl:MENT 
30,000.00 
CELL BI.OCK/KITCI IF.N UPDA.IT 
25,575.00 
I JIU:ARMS/LA5EI< SITI! TRANSITION 
53,289.00 
CROS.SROAD 
2,754,000.00 
- - -J--"c.--...·---....-, 
FUNDING OFFSET-CR05.5 ROAD 
. --
(2.754,000.00) 
-v, .. , 
EXPENDED/ 
ENCUMBERED 
BALANCE 
1,00
,000.00 
0.00 
73,000.00 
227,000.00 
57,000.00 
138,320.00 
38,364.40 
48,635.60 
87,500.00 
0.00 
4,639.00 
76,061.00 
250,01000 
(10.00) 
60,767 64 
0.00 
150,353.41 
109,646.59 
419,129.24 
870.76 
1,285,818.00 
0.00 
25,000.00 
15,000.00 
29,402.24 
2,180.76 
35,154.00 
8,346.00 
88,071.59 
64,928.41 
40,000.00 
0.00 
000 
88,701.00 
57,000.00 
0.00 
24,862.95 
137.05 
23,500.00 
6,500.00 
25,575.00 
0.00 
52.3S7.52 
91) 48 
2,754,000.00 
0.00 
-
(2.754,000.00) 
0.00 

LACCOUNT 
33022-55882 
33022-55883 
33022-55884 
TI022 55885 
l3023-55890 
33023-55901 
33024-55911 
33024-55914 
33025-55920 
33122-55894 
3312.ɑ55019 
33123-55895 
33720-55855 
33722-55896 
33723-55838 
33725-55838 
34723-55021 
34724-55910 
34725-559)7 
TOWN OF WATERFORD 
CAPITAL IMPROVEMENT FUND 
MAY 31, 2025 
DEl'TJ\'EAR 
DESCRIPTION 
APPROPRIATED 
PUBLIC WORKS FY22 
NORMAN/CONCRETF. PANELS 
119,512.99 
PUBLIC WORKS FY
22 
WILLIAM Sf CONCRFTF. SIDFWALK 
37,007.44 
PUBLIC WORKS FY'2l 
SUMMER SfREET/CONCRl"ffi SW 
12,788.35 
PUBLIC WORK.<; FY22 
DAVID STREET /CON CR Ell' c;w 
30,191.22 
PUBLIC WORKS J-Y2,1 
ROAD RESURFACING l·VERSOURCE AF 
315,951.00 
PUBLIC WORKS I-Y2.1 
CURB REPLACEMENT SANDY HOI.LW 
319,300.00 
PUBLIC WORKS FY24 
81..00MINGDALE/I IUN
TS 8RK CUI.VERT 
15,000.00 
PUBLIC WORKS l:Y24 
ROfARY LIFr REPLACl:MENTS 
75,000.00 
PUBLIC WORKS FY25 
NIANTIC RIVER ROAD SIDEWALK RE 
25,000.00 
UTILITY COMM l'Y22 
CONTROL PANEL RETRO-FIT (GORMA 
30,000.00 
U11LITYCOMM FY2J 
CONTRACT #I SEWER INTERCFf'TOR EASEMENT ACCES!: 
250,000.00 
UTILITY COMM FY23 
ROOF & SIDING REPLACEMENT 
50,000.00 
REC & PARKS FY20 
TOWN COURT REPAIRS 
1,447,058.00 
REC&: PARKS FY22 
EQUIPMENT STORAGE PLAN 
21,000.00 
REC & PARKS FY23 
CHILDREN'S PLAYGROUND 
40,000.00 
REC & PARKS FY25 
STENGER PARK BATI-IROOM & WALKWAY 
10,500.00 
INFORMATION TECHNOLOGY FY23 AUDITORIUM MEE
TING ROOM UPDATES 
272,000.00 
INFORMATION 11:CHNOLOGY FY24 NEXGEN TRANSl11ON 
309,520.00 
JNFORMA'nON ·11:0INOLOGY FY24 CONTENT FILTER UPGRADE/REPLACE 
15,163.00 
TOTALS 
8,009,745.64 
PRIOR YEAR EXPENDITURES 
CURRENT YEAR EXPENDITURES 
...... 1 .. , 
EXPENDED/ 
ENCUMBERED 
BALANCE 
119,512.99 
0.00 
37,007.44 
0.00 
12,788.35 
0.00 
30,191.22 
0.00 
(449,026.83) 
764,977.83 
229,119.68 
90,180.32 
15,000.00 
0.00 
74,972.00 
28.00 
15,000.00 
10,000.00 
30,000.00 
0.00 
102,800.00 
147,200.00 
34,587.16 
15.412.84 
1,446,250.00 
808.00 
16,750.00 
4,250.00 
0.00 
40,000.00 
8,000.00 
2,500.00 
205,546.99 
66,453.01 
309,520.00 
0.00 
15,163.00 
0.00 
6,080,686.99 
1,929,058.65 
2,523,101.04 
3,557,585.95 

[
COUNT 
DEPTftF.AR -
30125-55738 BOSFY25 
11117-55803 BLDG MAINT FYl7 
)1118-55803 BLDG MAINT FYl8 
31120-55851 BLDG MAINT FY20 
31120-55852 BLDG MIIINT FY20 
31121-55851 BLDG MIIINT FY21 
31122-55819 BLDG MA NT FY22 
31122-55893 BLDG MAINT FY22 
31123-SS'!OI 
BLDG MAINT FY2.1 
31123-55905 
BLDG MAINT FY2.3 
31123-51857 BLDG MAINT FY23 
31124-55912 Bl.DC MAINT FY24 
31124-55913 
BLDG MAINT FY24 
31124-55915 BLDG MAINT FY24 
31125-SS'!OI BLDG MAINT FY2S 
32224-55908 EMERGENCY MANAGEMENT FY24 
32224-55909 EMERGENCY MANAGEMENT FY24 
323U-55900 FIRE SERVICES FY23 
32323-5590'1 FIRE SERVICES FY23 
32325-55916 FIRE SERVICE.<; FY2S 
329'2!>-55918 POLICE DEPT FY25 
329'2!>-55919 POLICE DEl'T fY2S 
33020-55850 PUBLIC WORKS FY20 
---
	 PIJSLIC WORKS FY20 
- 
33022-55882 PURI.IC WORKS FY22 
33022-55883 PUBLIC WORKS FY22 
33022-55884 PUBLIC WORKS FY22 
33022-55885 PUBLIC WORKS FY22 
33023-55890 PUBLIC WORKS FY23 
DESCRIPTION 
FLEET MANAGEMENT rU\N 
PARKING LOT-YOlflll SERVICES 
PARKING LOT-YSB/POI.ICE 
ADA IMPROVEMENTS YSB/ PD 
TOWN HALL BATHROOMS 
ADA IMPROVEMENTS YSB/1'D 
usr REPLACEMF.NT 
EUGENE ONEILi ROOF REPLACE 
usr REPLACEMENT EUGENE ONEILL 
TOWN OF WATERFORD 
CAPITAL D4PROVEIIIERT FUND 
MAY 31, 2025 
EXPENDED/ 
APPROPRIATED 
ENCUMBERED 
1,000,000 00 
1,000,000.00 
300.00000 
73,000.00 
195,3:1000 
57,000.00 
87,00000 
38,364.40 
87,500.00 
87,500.00 
80,700.00 
4,639.00 
250,000.00 
250,010.00 
b0,767.M 
o0,767.64 
260.000.00 
150,353.41 
UST REPLACEMENT LIBRARY&PUBLICSAFETY 
420,000.00 
419,129.24 
CIVIC TRIANGLE Ul'GRADFS 
1,285,818.00 
1,285,818.00 
TOWN DOCK REPU\CEMENT 
40,000.00 
25.000.00 
JORDAN PARKHOUSF RF.PAIRS 
31,583.00 
29,402.24 
SEl'TIC REPLMT (EUGENf. ONEILL) 
43,500.00 
35,154.00 
UST REPU\CEMENT f.UGENc O'NEILL 
153,000.00 
88,071.59 
APCO INTELLICOM GUIDF.C ARO SYST 
40,000.00 
40,000.00 
EVENTIDE NEXLOGDX RECORDER 
88,701.00 
0.00 
COHANZIE EMERGcNCY GEN£RA TOR 
57,000.00 
57,000.00 
PAGERS UPGRADE/REPLACEMENT 
25.000.00 
24,862.95 
COHANZIE SKYLJGI IT Rf.PLACEMENT 
30,000.00 
23,500.00 
CELL BLOCK/KITCHF.N \,,POATF. 
25,575.00 
25,575.00 
FIREARMS/LASER SITE TRANSITION 
53.289.00 
52,357.52 
CR055ROAO 
----- 
2.754,000.00 
'l,754,000.00 
FUNDING OFFSET-CROSS ROAD 
11,'l'St,000.00) 
(2,754,000,110) 
-
-
NORMAN/CON(Rf. fE PANELS 
119,512.99 
119,512.99 
WILLIAM ST CONCRETE SIDEWAI.K 
17,007.44 
37,007.44 
SUMMER STREET /CONCRHE SW 
12,788 35 
12,788.35 
DAVIDSTREET/CONCRETESW 
30,19122 
30,191.22 
ROAD RESURFACING EVERSOURCE AF 
31є,951.00 
(449,026.83) 
... ;..,i, 
PERCENT 
TRANSFF::] 
BAI..ANCE 
EXPF.NDED 
our 
0.00 
100.01' 
1,000,000.00 TO FLEET MANAGEMENT FUND 
227,000.00 
24 31' 
138,320.00 
29.21' 
48,635.bO 
4411' 
000 
100.01' 
76.06100 
57'1'. 
(1000) 
100.01' 
o.oo
100.01' 
109,646.59 
57.81' 
870.76 
9981' 
0.00 
100.01' 
23,388.28 
15,000.00 
62.51' 
2.180.76 
93.11' 
8.346.00 
80.81' 
64,928.41 
57.61' 
0.00 
100.01' 
88,701 00 
0.01' 
0.00 
100.01' 
1,000.00 
137.05 
99.51' 
6,500.00 
7831' 
0.00 
100.0:r. 
2,325.00 
931.48 
98.3 
0.00 
100.01' 
-
l 
0.00 
100.0% 
-
0.00 
100.01' 
0.00 
100 01' 
6,330.91 
0.00 
100.01' 
0.00 
100.01' 
764,977.83 
-142 '" 

!ACCOUNT 
DEfTJYEAR 
l3023-5S901 PUBLIC WORKS FY23 
33024-S591 I 
PUBLIC WORKS FY24 
33024-S5914 
PUBLIC WORKS FY24 
33025-SS</20 PUBLIC WORKS FY25 
33122,5589-I UTILITY COMM FY22 
33 1l3-5SOl9 UTILITY COMM FY23 
33123-55895 UTILITY COMM FY23 
33720-55855 REC & PARKS FY:ZO 
33722.55896 RF.C & rARKS FY22 
33723-55838 REC & r ARKS FY23 
3372H5838 REC & PARKS FY25 
347l3-5S021 INFORMATION TECHNOLOGY FY23 
34724-55910 INFORMATION TECHNOLOGY FY24 
34725-55917 INFORMATION TECHNOI.OCY FY24 
DESCRIYflON 
CURB REl'\.ACEMENT SANDY HOI.LW 
BlOOMINCDALE/HUNTS BRK CULVERT 
ROTARY LIFT REPLACEMENTS 
NIANTIC RIVER ROAD SIDEWALK RF 
CONTROL PANEL RETRO.HT (C.ORMA 
TOWN OF WATERFORl> 
CAPITAL IMPROVEMENT Fl1lfD 
MAY31,2025 
EXPENDED/ 
APPROPRIATED 
ENCUMBERED 
319,300.00 
229,11968 
15,000.00 
15,000.00 
7S,OOO.OO 
74,972.00 
25,000.00 
15,000.00 
30.000.00 
30,000.00 
CONTRACT #1 SEIVER INTERCEPfOI< EASEMENT ACCESS 
250.000.00 
102,800.00 
ROOF & SIDING REPLACEMENT 
S0.00000 
34,587.16 
TOWN COURT REPAIRS 
1.447.058.00 
1,446,250.00 
EQUIPMENT STORAGE l'LAN 
21.000.00 
16,750.00 
CHILDREN'S l'LAYGROUNI) 
40,000.00 
0.00 
STENGER PARK BATHROOM& WALKWAY 
10,500.00 
8 ,000.00 
AUDITORIUM MEETING ROOM UPDA rES 
2n.ooo.oo 
205,S46.99 
NEXGEN TRANSITION 
309.520.00 
309,520.00 
CONTENT Fl LTER UPGRADE/ REPLACE 
15.16.'\ 00 
15,163.00 
TOTALS 
8,IJO'J.745.64 
6,()80,686.99 
PRIOR YEAR E.XPENDITURFS 
2.523,101.IM 
CtJRREITT YEAR EXPENDITURES 
3,557,585.95 
PERCENT 
TRANSl'tkSl 
BAI.ANCE 
F.XrENDED _ 
OUT 
90,180.32 
71.8'1. 
0.00 
100 01' 
28.00 
100.01' 
10,000.00 
bO.O'I. 
0.00 
100.0'1. 
223.14 
147,200.00 
411'1. 
15,412.84 
oCJ.2,-. 
808.00 
99.9'1. 
4,250.00 
798'1. 
40,000.00 
00'1. 
2.soo.00 
76.2'1. 
66,453.01 
756'1. 
0.00 
100.0'1. 
6,736.10 
0.00 
100.0,-. 
3,564.23 
l,92'J,o58.65 
75.'1% 
1,IMJ,567.66 

TOWN OF WATERFORD 
CAPITAL PROJECTS FUNDS 
MAY 31, 2025 
FUND 
DESCRIPTION 
APPROPRIATION 
424 DISTRICT MAGNET SCHOOL/EARLY CHLDHD LRN CT 
21,248,892.00 
432 WATERFORD HIGH SCHOOL BUILDING PROJECT 
68,362,787.00 
TOTALS 
PRIOR YEAR EXPENDITURES 
CURRENT YEAR EXPENDITURES 
89,611,679.00 
EXPENDED 
21,248,807.19 
67,786,416.66 
89,035,223.85 
89,035,223.85 
0.00 
REMAINING 
BALANCE 
84.81 
576,370.34 
576,455.15 

TOWN OF WATERFORD 
CAPITAL PROJECTS FUNDS 
MAY 31, 2025 
FUND 
DESCRIPTION 
APPROPRIATION 
424 DISTRICT MAGNET SCHOOL/EARLY CHLDHD LRN CT 
21,248,892.00 
432 WATERFORD HIGH SCHOOL BUILDING PROJECT 
68,362,787.00 
TOTALS 
89,611,679.00 
PRIOR YEAR EXPENDITURES 
CURRENT YEAR EXPENDITURES 
EXPENDED 
21,248,807. 19 
67,786,416.66 
89,035,223.85 
89,035,223.85 
0.00 
REMAINING 
BALANCE 
84.81 
576,370.34 
576,455.15 
BALANCE 
PCT EXP 
RETURNED 
100.00% 
99.16% 
99.36% 
0.00 

Insurance 
Administration Fund 
Balance Sheet 
May 31, 2025 
Assets 
Cash and Cash Equivalents 
Accounts Receivable 
Due From Other Funds 
Total Assets 
Liabilities 
Accrued Liabilities (IBNR) 
Advance Payments 
Total Liabilities 
Net Assets 
Unrestricted 
Total Net Assets 
$ 
4,659,737 
1,813 
268,254 
4,929,804 
864,000 
7,089 
871,089 
$4,058,715 
$4,058,715 

ol'W
FIFTEEN ROPE FERRY ROAD 
WATERFORD, CT 06385-2886 

 
 
'. 
,cf 
Date: 
June17,2025 
To: 
Members of the Board of Finance 
From: 
Accountant II 
Subject: 
Status of Contingency Fiscal Y car 2025 
Contingency Fund, Line item 10121-59010: 
07 /01/24 Appropriation 
Transferred through 06/11/25 
Balance 
Pge 1 
., 
"'} 
PHONE: 860-442-0553 
www.waterfordct.org 
265,000 
(263,706) 
1,294 

FISCAL YEAR 2024-2025 
CONTINGENCY TRANSFERS & BALANCE 
ORG OB1ECT 
DESCRIPTION 
B,\L\NCE 07 /01 /24 
10104 
52030 PROFESSION.-\L FEES ,\SSESSOR 
10123 
51410 FIRE FIGHTING 
10123 
51110 FIRE SERVICES ADĤIINISTRt\TION 
10140 
57328 TRANSFER OUT TO CNR-,\LE\VIFE COVE 
10111 
52120 SEWER BUILDING :O.L\INTENANCE 
10137 
51610 RECREA'IlON & P:\RKS P,\RK ĥL\INTEN,\NCE 
10129 
51420 POLICE P,\TROL 
10138 
55913 TRt\NSFER OUT TO CIF JORDAN PARKHOUSE REP,\IRS 
10123 
51410 FIRE FIGHTING 
10102 
51310 ROV VOTER REGISTRATION 
10102 
53020 ROV OTHER SUPPLIES 
Page 2 
BOARD 
TRANSFER 
OF FINANCE 
RTM 
AMOUNT 
BALANCE 
$265,000.00 
8/14/2024 N/A 
$24,500.00 $240,500.00 
8/14/2024 N/,\ 
$49,227.00 
$191,273.00 
9/11/2024 N/A 
$14,486.00 $176,787.00 
9/11/2024 N/A 
$12,500.00 $164,287.00 
11/13/2024 N/A 
$3,112.00 $161,175.00 
12/11/2024 N/,\ 
$4,330.00 $156,845.00 
1/15/2025 N/A 
$62,757.00 
$94,088.00 
1/15/2025 N/,\ 
$6,583.00 
$87,505.00 
2/12/2025 N/,\ 
$84,511.00 
$2,994.00 
3/12/2025 N/,\ 
$800.00 
$2,194.00 
3/12/2025 N/,\ 
$900.00 
$1,294.00 
($263,706.00) 
$1,294.00 


14d.






RECREATION & PARKS 
Special Revenue Account 
May 31, 2025 
BEGINNING BALANCE 7/1/2024 
REVENUE 
Donations 
Program Fees 
Summer Music 
Advertising 
Special Events 
OOT BIKE Grant 
Total Revenue 
EXPENDITURES 
General 
Programs 
Summer Music 
Special Events 
DOT BIKE Grant 
Total Expenditures 
May 31, 2025 BALANCE 
ACCUMULATIVE BALANCE 
$ 
67,419.69 
$ 
5,000.00 
$ 
4,896.00 
$ 
16,500.00 
$ 
1,050.00 
$ 
27,446.00 
$ 
4,138.65 
$ 
1,500.00 
$ 
5,638.65 
$ 
21,807.35 
$ 
89,227.04 

1:
PUBLIC HEALTH
BUDGET
EXPENDED
ENCUMBERED
BALANCE
1.2 COVID-19 Testing
Wfd-1.2-01
COVID Test Kits  PROJECT COMPLETE
3,499.84
$              
3,499.84
$              
-
$
 
-
$
 
1.5 Personal Protective Equipment
Wfd-1.5-01
PPE Supplies  PROJECT CANCELLED
-
$
 
1.7
Wfd-1.7-01
First Responder CADlink Equip/ Software  PROJECT COMPLETE
74,666.69
$            
74,666.69
$            
-
$
 
-
$
 
Wfd-1.7-02
ESO Fire RMS Software  PROJECT COMPLETE
10,923.95
$            
10,923.95
$            
-
$
 
-
$
 
Wfd-1.7-03
Dispatch Upgrades  PROJECT COMPLETE
26,662.50
$            
26,662.50
$            
-
$
 
-
$
 
Wfd-1.7-04
Emergency Services Pagers & Mobile Radios PROJECT COMPLETE
13,671.00
$            
13,671.00
$            
-
$
 
-
$
 
1.12 Mental Health Services
Wfd-1.12-01
Human Services Coordinator  PROJECT COMPLETE
123,470.64
$         
123,470.64
$         
-
$
 
-
$
 
Wfd-1.12.02
Safe Futures  PROJECT COMPLETE
50,000.00
$            
50,000.00
$            
-
$
 
-
$
 
1.14 Other COVID-19 Public Health Services
Wfd-1.14-01
Ledgelight Health District  PROJECT COMPLETE
55,478.90
$            
55,478.90
$            
-
$
 
-
$
 
PUBLIC HEALTH SUBTOTAL
358,373.52
$         
358,373.52
$         
-
$
 
-
$
 
2:
NEGATIVE ECONOMIC IMPACTS
2.32 Small Business Economic Assistance (General)
Wfd-2.32-01
Waterford Small Business Grants  PROJECT COMPLETE
236,311.21
$         
236,311.21
$         
-
$
 
-
$
 
2.35 Aid to Tourism, Travel or Hospitality  
Wfd-2.35-01
Eugene O'Neill Theater  PROJECT COMPLETE
344,937.84
$         
344,937.84
$         
-
$
 
-
$
 
NEGATIVE ECONOMIC IMPACTS SUBTOTAL
581,249.05
$         
581,249.05
$         
-
$
 
-
$
 
TOWN OF WATERFORD
AMERICAN RESCUE FUNDS QUARTERLY REPORT
THRU 6/30/2025
Other COVID-19 Public Health Expenses
PAGE 1
14e

1:
PUBLIC HEALTH
BUDGET
EXPENDED
ENCUMBERED
BALANCE
TOWN OF WATERFORD
AMERICAN RESCUE FUNDS QUARTERLY REPORT
THRU 6/30/2025
5:
INFRASTRUCTURE
5.5 Clean Water: Other Sewer Infrastructure
Wfd-5.5-01
Cross Road Pump Station Upgrade PROJECT CANCELLED
54,361.28
$            
54,361.28
$            
-
$                        
-
$                        
Wfd-5.5-02
Old Norwich Road Pump Station Upgrade
1,341,316.65
$      
634,337.67
$         
706,978.98
$         
-
$                        
Wfd-5.5-03
Gorman Pump Station Control Panels Upgrade  PROJECT COMPLETE
141,792.18
$         
141,792.18
$         
-
$                        
-
$                        
Wfd-5.04
Save the River-Save the Hills  PROJECT COMPLETE
2,500.00
$              
2,500.00
$              
-
$                        
-
$                        
5.14 Drinking Water:  Storage
Wfd-5.14-01
Fargo Lane Water Tower Rehab PROJECT COMPLETE
1,210,500.00
$      
1,210,500.00
$      
-
$                        
-
$                        
5.21 Broadband: Other Projects
Wfd-5.21-01
Broadband/Security Upgrades at Stations   PROJECT COMPLETE
29,574.00
$            
29,574.00
$            
-
$                        
-
$                        
INFRASTRUCTURE SUBTOTAL
2,780,044.11
$      
2,073,065.13
$      
706,978.98
$         
-
$                        
6:
REVENUE REPLACEMENT
6.1 Wfd-6.1-01
Civic Triangle Park ADA Revitalization  PROJECT COMPLETE
1,710,854.93
$      
1,710,854.93
$      
-
$                        
-
$                        
Wfd-6.1-02
Town GIS Updates  PROJECT COMPLETE
27,655.32
$            
27,655.32
$            
-
$                        
-
$                        
Wfd-5.21-02
Cyber Security  PROJECT COMPLETE
25,168.00
$            
25,168.00
$            
-
$                        
-
$                        
Wfd-5.21-03
Baseball Field Renovation NEW PROJECT
22,000.00
$            
22,000.00
$            
-
$                        
-
$                        
Wfd-5.21-04
8 Goshen Road PROJECT COMPLETE
42,544.71
$            
42,544.71
$            
-
$                        
-
$                        
REVENUE REPLACEMENT SUBTOTAL
1,828,222.96
$      
1,828,222.96
$      
-
$                        
-
$                        
TOTAL
5,547,889.64
$      
4,840,910.66
$      
706,978.98
$         
-
$                        
PAGE 2

14f














14g.







CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer. 
Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor. 
CliftonLarsonAllen LLP 
29 South Main Street, 4th Floor 
West Hartford, CT 06107 
phone 860-561-4000  fax 860-521-9241 
claconnect.com 
July 7, 2025 
To the Board of Finance 
Town of Waterford, Connecticut 
We are engaged to audit the financial statements of the governmental activities, the business-type 
activities, each major fund, and the aggregate remaining fund information of the Town of Waterford, 
Connecticut as of and for the year ended June 30, 2025. Professional standards require that we 
communicate to you the following information related to our audit. We will contact you to schedule a 
meeting to discuss this information since a two-way dialogue can provide valuable information for the 
audit process. 
Our responsibility under Auditing Standards Generally Accepted in the United States of America, 
Government Auditing Standards, and Title 2 U.S. Code of Federal Regulations Part 200, Uniform 
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the 
Connecticut State Single Audit Act 
Financial statements, internal control, and compliance 
We will conduct our audit in accordance with auditing standards generally accepted in the United States 
of America (U.S. GAAS); the standards for financial audits contained in Government Auditing Standards, 
issued by the Comptroller General of the United States; audit requirements of Title 2 U.S. Code of 
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit 
Requirements for Federal Awards (Uniform Guidance); and the Connecticut State Single Audit Act (State 
Single Audit). Those standards require us to be independent of the entity and to meet our other ethical 
responsibilities, in accordance with the relevant ethical requirements relating to our audit. Those 
standards also require that we exercise professional judgment and maintain professional skepticism 
throughout the planning and performance of the audit. As part of our audit, we will: 

Identify and assess the risks of material misstatement of the financial statements and material
noncompliance, whether due to fraud or error, design and perform audit procedures responsive
to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for
our opinions. The risk of not detecting a material misstatement or a material noncompliance
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the entity's internal control. However, we will communicate to
you in writing any significant deficiencies or material weaknesses in internal control relevant to
the audit of the financial statements that we identify during the audit that are required to be
communicated under U.S. GAAS and Government Auditing Standards.
14h.

July 7, 2025 
Town of Waterford, Connecticut 
Page 2 
 
 
Evaluate the appropriateness of accounting policies used and the reasonableness of significant 
accounting estimates made by management, as well as evaluate the overall presentation of the 
financial statements, including the amounts and disclosures, and whether the financial 
statements represent the underlying transactions and events in a manner that achieves fair 
presentation. 
 
Conclude, based on the audit evidence obtained, whether there are conditions or events, 
considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as 
a going concern for a reasonable period of time. 
 
Form and express opinions about whether the financial statements prepared by management 
with your oversight are fairly presented, in all material respects, in conformity with accounting 
principles generally accepted in the United States of America.  
 
Plan and perform the audit to obtain reasonable assurance about whether the financial 
statements as a whole are free from material misstatement. Reasonable assurance is a high 
level of assurance but is not absolute assurance and therefore is not a guarantee that an audit 
conducted in accordance with U.S. GAAS and the standards for financial audits contained in 
Government Auditing Standards will always detect a material misstatement when it exists. 
Misstatements, including omissions, can arise from fraud or error and are considered material if 
there is a substantial likelihood that, individually or in the aggregate, they would influence the 
judgment made by a reasonable user based on the financial statements. 
 
Perform, as part of obtaining reasonable assurance about whether the financial statements as a 
whole are free from material misstatement, tests of the entity’s compliance with provisions of 
laws, regulations, contracts, and grant agreements that have a material effect on the financial 
statements. However, the objective of our tests is not to provide an opinion on compliance with 
such provisions and we will not express such an opinion in our report on compliance issued 
pursuant to Government Auditing Standards. 
 
Provide a report (which does not include an opinion) on internal control over financial reporting 
and on compliance with the provisions of laws, regulations, contracts, and grant agreements, 
noncompliance with which could have a material effect on the financial statements, as required 
by Government Auditing Standards.  
 
Obtain an understanding of internal control over compliance relevant to the audit in order to 
design audit procedures that are appropriate in the circumstances and to test and report on 
internal control over compliance, but not for the purpose of expressing an opinion on the 
effectiveness of the entity's internal control over compliance. However, we will communicate to 
you in writing any significant deficiencies or material weaknesses in internal control over 
compliance that we identify during the audit that are required to be communicated. 
 
Plan and perform the audit to obtain reasonable assurance about whether material 
noncompliance with the applicable compliance requirements occurred. Reasonable assurance is 
a high level of assurance but is not absolute assurance and therefore is not a guarantee that an 

July 7, 2025 
Town of Waterford, Connecticut 
Page 3 
 
audit conducted in accordance with U.S. GAAS, Government Auditing Standards, the Uniform 
Guidance and the State Single Audit Act will always detect material noncompliance when it 
exists. Material noncompliance can arise from fraud or error and is considered material if there 
is a substantial likelihood that, individually or in the aggregate, it would influence the judgment 
made by a reasonable user of the report. 
 
Perform tests of controls over compliance to evaluate the effectiveness of the design and 
operation of controls that we consider relevant to preventing or detecting material 
noncompliance with the direct and material compliance requirements applicable to each major 
federal or state award program. However, our tests will be less in scope than would be 
necessary to render an opinion on those controls and, accordingly, no opinion will be expressed 
in our report on internal control issued pursuant to the Uniform Guidance and the State Single 
Audit. 
 
Consider internal control over compliance with requirements that could have a direct and 
material effect on a major federal or state program in order to determine our auditing 
procedures for the purpose of expressing our opinion on compliance and to test and report on 
internal control over compliance in accordance with the Uniform Guidance and the State Single 
Audit. 
 
Perform tests of transactions and other applicable procedures described in the “OMB 
Compliance Supplement” and the “Compliance Supplement to the State Single Audit” for the 
types of compliance requirements that could have a direct and material effect on each of the 
entity’s major programs. The purpose of these procedures will be to express an opinion on the 
entity’s compliance with requirements applicable to each of its major programs in our report on 
compliance issued pursuant to the Uniform Guidance and the State Single Audit. While our audit 
will provide a reasonable basis for our opinion, it will not provide a legal determination on the 
entity’s compliance with those requirements. 
 
Provide a report on internal control over compliance related to major programs and express an 
opinion (or disclaimer of opinion) on compliance with federal and state statutes, regulations, 
and the terms and conditions of federal or state awards that could have a direct and material 
effect on each major program in accordance with the Uniform Guidance and the State Single 
Audit. 
 
Communicate significant matters related to the financial statement audit that are, in our 
professional judgment, relevant to your responsibilities in overseeing the financial reporting 
process. However, we are not required to design procedures specifically to identify such 
matters. 
 
Communicate circumstances that affect the form and content of the auditors’ report. 
Our audit of the financial statements does not relieve you or management of your responsibilities. 
 

July 7, 2025 
Town of Waterford, Connecticut 
Page 4 
 
Supplementary information in relation to the financial statements as a whole 
Our responsibility for the schedule of expenditures of federal awards (SEFA) and the Schedule of 
Expenditures of State Financial Assistance (SESFA) accompanying the financial statements, as described 
by professional standards, is to evaluate the presentation of the SEFA and the SESFA in relation to the 
financial statements as a whole and to report on whether the SEFA and the SESFA are fairly stated, in all 
material respects, in relation to the financial statements as a whole. We will make certain inquiries of 
management and evaluate the form, content, and methods of preparing the SEFA and the SESFA to 
determine whether the SEFA and the SESFA complies with the requirements of the Uniform Guidance 
and the State Single Audit, respectively, the method of preparing the schedules has not changed from 
the prior period, and the SEFA and the SESFA is appropriate and complete in relation to our audit of the 
financial statements. We will compare and reconcile the SEFA and the SESFA to the underlying 
accounting records used to prepare the financial statements or to the financial statements themselves.  
Because we were engaged to report on the supplementary information accompanying the financial 
statements, our responsibility for other supplementary information accompanying the financial 
statements, as described by professional standards, is to evaluate the presentation of the 
supplementary information in relation to the financial statements as a whole and to report on whether 
the supplementary information is fairly stated, in all material respects, in relation to the financial 
statements as a whole. We will make certain inquiries of management and evaluate the form, content, 
and methods of preparing the information to determine whether the information complies with 
accounting principles generally accepted in the United States of America, the method of preparing it