Board of Finance Regular Meeting Agenda & Backup

From: BOF Glenn Patterson 
Sent: Wednesday, March 6, 2024 10:32 AM 
To: BOF 
Cc: Robert Brule; Kimberly Allen 
Subject: Capital Project Status Report Questions  
  
BOF Members: 
 
Pasted below into this email are the questions on the Capital Projects Status Report I 
forwarded to the First Selectman after the last BOF regular meeting.  
 
The page numbers refer to the Capital Projects Status Report that was included in 
correspondence for the February 14 Regular BOF meeting. 
 
First Selectman responses are in red italic. 
 
******************************************************************************* 
 
Rob: 
  
Per my comments at the Feb 14th BOF Meeting, I am providing comments and 
questions on the subject report to you and the full BOF.   
  
I plan on putting a review of these questions on the BOF regular meeting agenda for 
March under Old Business. 
  
The intervening time will allow your team to review the questions and allow the other 
BOF members to forward any other questions they may have. The questions are as 
follows: 

  
Page 4             Facilities          20511-57872              HVAC Work- Public Safety 
The delay into the heating season is on the shipper and the contractor. Can the town 
hold back $20K to offset the cost of the temp heating?  We did not install temporary 
heating because of the additional cost.  The new pumps will be installed after the winter 
weather is over and heating can be shut down. 
  
Page 5             IT                     20547-57846              Fiber Upgrade 
Kudos to IT for integrating this into their workload and saving the town some $$$ 
  
Page 6             Planning          20511-57767              Nevins Cottage 
Great news that there’s an LLC willing to take responsibility for this.  Several questions: 
• What’s the “legalese” around the partnering with an LLC that will care for town 
property?  The town’s support of the LLC was passed through the town’s legal 
counsel for review.   These types of LLCs are in practice in many CT towns 
and have worked well financially for towns in supporting historical 
properties.  However, a lease will be needed between the town and the LLC 
before any work can be completed on the property by the LLC.  
• The Planning Office will be seeking the appropriation of town funds, but isn’t Park 
and Rec the overseer of the other building on the green?  Who will be 
responsible for maintenance and upkeep of  the restored building to best 
ensure “typical”  capital spending on the property in the future?  Planning will 
work with Rec & Parks in the beginning stages as the original project was 
brought forth by the planning department.  Once a lease is signed and work is 
begun on the property, it will be moved solely to the Rec & Park department to 
work with the LLC to oversee the property. 
 
Page 6             DPW                20511-57767              Bloomingdale Road Culvert 
The $15K shown is the “lead-in” (studies/Engineering, etc) to the project—I’m assuming 
this is the work that will start in 2024.  You are correct.  The approved funds are to 
complete a study and create a plan for moving forward. 
  

I can’t find any estimate for the work on the culvert--( I see $$ for the Old Norwich Road 
Culvert in this year’s request and in the 5 year Plan).  When will we see the request for 
the $90K for Bloomingdale?   DPW will submit a request once it has a plan for moving 
forward.  Not date estimate is known at this time. 
  
Page 7             DPW                20530-57880              Paving-Projects 
New Shore Road Issue-The 5 year capital plan shows WUC asking for $2.8M/yr for 4 
years starting in FY26 for a Pleasure Beach Water Main replacement—if this is water 
main in question is it best to skim coat New Shore (once or twice between now and 
2029) until the WUC can proceed?  The Director of PW has determined only a surface 
treatment will be done on Shore Road until WUC’s work is completed.  Funds are 
already appropriated and will sit until actual paving can begin. 
  
Note: the WUC has other large projects in the queue requiring big $$$ over the same 
several years.  Depending on WUC priorities and funding availability we could be skim 
coating New Shore for long time. 
  
Page 7-8          DPW                33022-55882              Norman St Sidewalks 
      33022-55883              William St Sidewalks 
      33022-55885              David St Sidewalks      
Finance Director Question-for these 3 projects the total of expended funds + 
encumbered funds is greater than the project budget.  If LOCIP funds are released 
when the project is completed, how fast does the town receive the funds?  Do we pay 
the contractors on completion with the encumbered funds with a promise to pay the 
balance when the LOCIP $$$ arrive? How does that timing work?   
LoCIP funds are reimbursements.  Once I submit for the reimbursement, funds are 
generally received the next month.  Therefore,, the projects will run in a deficit until the 
work is completed and final  reimbursements are received.  We have already received 
on set of reimbursements and a second is being compiled to submit. 
 
Page 8             DPW                20511-57871              Public Safety HVAC 
Like the Hunts Brook Culvert project on Page 6, this project appears to be “lead in” 
funding to gather info on the project.  However,  unlike the Hunts Brook culvert, there’s 

no project in the 5 year Plan for doing the work.  Would like to see that omission fixed in 
the 5 year plan.  This is already in the 5-year plan under Building Maintenance (Public 
Safety Complex HVAC with funds requested in FY25 (CNR) and again for FY26, FY27 
and FY29. 
  
Page 8             Rec/Park          33720-55854             Leary BBall Courts 
                                                  33720-55855            Town Hall BBall Courts 
The town-wide court project mentioned is projected as a $2.1M project with multiyear 
funding required. These projects can be considered closed and the money swept back 
into the General Fund(?)  No.  The Rec & Park Director will use current funding to repair 
courts until a permanent post-tension concrete court can be installed. 
  
Page 9             WUC                23507-55014              Fargo Rd Water Tower 
Any sense if available funds (ARPA $$ plus the $1.2M from the Town) will be able to 
absorb the cost of a fix?  There are no additional funds available to use in ARPA.  The 
WUC Director has requested additional funds from the commission. 
  
Page 9             WUC                23507-55013              Gorman-Rupp Panels 
The project 33122-55894 ($30K) referenced in the comment should be listed on this 
status report--please correct the omission.  This project is listed on the report under its 
own number.  It was not printed in the report.  I’ve corrected the printing area. 
  
Feel free to contact me with any questions or for any needed clarification. 
  
Thanks 
r/  
Glenn 
  

Glenn Patterson 
Waterford Board of Finance Chairman 
860-235-6645(M) 
  
  
My regards, 
  
Rob Brule 
First Selectman 
Waterford Town Hall 
15 Rope Ferry Road 
Waterford, CT 06385 
rbrule@waterfordct.org 
Phone: 860-444-5834 
******************************************************************************  
 
Thank You 
r/ 
Glenn 
 
Glenn Patterson 
Waterford Board of Finance Chairman 
860-235-6645(M) 
 





TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2023-2024, THROUGH JANUARY 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2022-2023, THROUGH  JANUARY 31, 2023
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2023-2024
YEAR
YEAR
2023-2024
2023-2024
PERCENT 2023-2024
2022-2023
BUDGET
ACTUAL
RECEIVED VARIANCE
ACTUAL
STATE OF CONNECTICUT
EDUCATION
EQUALIZED COST SHARING
$326,444
$163,222
50.00%
(163,222)
$163,222
HEALTH & WELFARE
$6,359
$6,810
107.09%
451
$5,982
SUB TOTAL
332,803
170,032
51.09%
(162,771)
169,204
GENERAL GOVERNMENT
PILOT-DISABLED
1,200
1,486
123.80%
286
$1,946
TIERED PILOT 
315,978
347,575
110.00%
31,597
$316,181
TAX RELIEF-VETERANS
5,000
3,671
73.41%
(1,329)
$5,870
COURT FINES
0
2,323
#DIV/0!
2,323
$1,460
CIVIL PREPAREDNESS
20,000
29,445
147.23%
9,445
$19,653
TELECOMMUNICATIONS PROPERTY TAX
58,071
0
0.00%
(58,071)
$0
TOWN AID ROADS-IMPROVED
321,120
321,360
100.07%
240
$321,120
LOCAL CAPITAL IMPROVEMENT (LOCIP)
116,994
0
0.00%
(116,994)
$0
SDE STATE GRANT
14,000
10,577
75.55%
(3,423)
$7,000
ENHANCEMENT 911
22,981
16,937
73.70%
(6,044)
$16,813
MUNICIPAL REVENUE SHARE GRANT
379,498
493,810
130.12%
114,312
$373,384
GRANTS FOR MUNICIPAL PROJECTS
68,510
0
0.00%
(68,510)
$0
TOTAL GENERAL GOVERNMENT
1,323,352
1,227,183
92.73%
(96,169)
1,063,427
TOTAL STATE OF CONNECTICUT
1,656,155
1,397,215
84.37%
(258,940)
1,232,631
OTHER SOURCES
EDUCATION
TUITION
60,000
0
0.00%
(60,000)
105,931
RENT & MISCELLANEOUS
1,500
2,022
134.80%
522
1,479
SUB TOTAL
61,500
2,022
3.29%
(59,478)
107,410

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2023-2024, THROUGH JANUARY 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2022-2023, THROUGH  JANUARY 31, 2023
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2023-2024
YEAR
YEAR
2023-2024
2023-2024
PERCENT 2023-2024
2022-2023
BUDGET
ACTUAL
RECEIVED VARIANCE
ACTUAL
GENERAL GOVERNMENT
INTEREST & LIENS
291,306
184,980
63.50%
(106,326)
157,511
INTEREST ON INVESTMENTS
2,500,000
2,008,065
80.32%
(491,935)
1,091,321
RECREATION & PARKS
165,000
180,091
109.15%
15,091
166,186
FIRE SERVICES INSPECTIONS & PLAN FEES
0
950
#DIV/0!
950
0
BUILDING INSPECTOR
400,000
334,533
83.63%
(65,467)
414,455
LICENSE, FEE, PERMIT, FINE
135,309
9,281
6.86%
(126,028)
12,206
LIBRARY
0
862
#DIV/0!
862
120
SALE OF VEHICLES
0
#DIV/0!
0
683
SALE OF EQUIPMENT
1,000
60
5.97%
(940)
9,649
NL RADIO COMM. NETWORK USE FEE
72,000
0
0.00%
(72,000)
0
BULKY WASTE FEES
110,000
66,683
60.62%
(43,317)
63,113
MISCELLANEOUS
27,582
135,574
491.53%
107,992
79,194
CONVEYANCE TAX
200,000
182,644
91.32%
(17,356)
288,707
EMS-REG COMM CTR FEES
6,000
1,500
25.00%
(4,500)
3,000
PLANNING& ZONING, ZBA, CONSRV COMM
54,183
24,817
45.80%
(29,366)
36,873
TOWN CLERK FEES
175,000
84,550
48.31%
(90,450)
88,588
LIENS -COLLECTED BY UTILITY COMMISSION
0
2,860
#DIV/0!
2,860
2,780
TIPPING FEES
275,000
70,484
25.63%
(204,516)
114,236
RECYCLING
45,000
24,099
53.55%
(20,901)
35,156
COST SHARING PRR
0
0
#DIV/0!
0
187,367
TRANSFERS FROM OTHER FUNDS
0.00
770,791
#DIV/0!
770,791
154,843
TRANSFERS IN-PY ENCUMBRANCES
0
29,331
#DIV/0!
29,331
4
EUGENE O'NEILL GATE/LEASE REVENUE
10,000
0
0.00%
(10,000)
0
YSB BOE CLERICAL STIPEND
5,000
5,000
100.00%
0
5,000
RENTAL OF BUILDINGS
50,000
37,446
74.89%
(12,554)
73,226
SENIOR SERVICES
10,196
14,305
140.30%
4,109
8,945
VERSA KART/BLUE BOXES
10,000
4,990
49.90%
(5,010)
4,880
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
73,218
73,218
100.00%
0
0
SUB TOTAL
4,615,794
4,247,112
92.01%
(368,682)
2,998,043
TOTAL OTHER SOURCES
4,677,294
4,249,134
90.85%
(428,160)
3,105,453
PROPERTY TAXATION
CURRENT PROPERTY TAX
95,263,203
94,095,578
98.77%
(1,167,625)
94,363,515
PRIOR YEAR TAXES
476,546
261,724
54.92%
(214,822)
187,665
TOTAL PROPERTY TAXATION
95,739,749
94,357,302
98.56%
(1,382,447)
94,551,180
TOTAL REVENUES
102,073,198
100,003,652
97.97%
(2,069,546)
98,889,264





GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2023-2024, THROUGH JANUARY 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2022-2023, THROUGH  JANUARY 31, 2023
FISCAL YEAR 2024
FISCAL YEAR 2024
VARIANCE
FISCAL YEAR
FISCAL YEAR 2024
FISCAL YEAR 2024
PERCENT
FAVORABLE
2022-2023
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
GENERAL GOVERNMENT
Board of Selectmen
$207,605
$109,027
52.52%
98,578
$117,152
Registrar of Voters
$79,488
$53,132
66.84%
26,356
$65,429
Board of Finance
$70,159
$78,738
112.23%
(8,579)
$69,652
Assessor
$292,148
$163,492
55.96%
128,656
$148,322
Board of Assessment Appeals
$1,602
$223
13.93%
1,379
$314
Tax Collector
$217,865
$136,687
62.74%
81,179
$131,625
Finance Department
$747,721
$479,470
64.12%
268,252
$436,060
Legal Department
$370,000
$350,416
94.71%
19,584
$147,775
Town Clerk
$252,225
$153,562
60.88%
98,663
$193,674
Planning and Zoning
$661,210
$372,601
56.35%
288,609
$362,458
Building Maintenance
$919,233
$731,667
79.60%
187,566
$500,253
Insurance
$5,105,857
$4,760,447
93.24%
345,410
$4,407,517
Economic Development Commission
$27,447
$9,634
35.10%
17,813
$9,483
Conservation Commission
$18,250
$13,444
73.66%
4,807
$1,592
Zoning Board of Appeals
$4,310
3,091
71.71%
1,219
3,241
Retirement Commission
$7,049,737
$4,318,549
61.26%
2,731,189
$4,099,460
R.T.M.
$18,903
$14,834
78.47%
4,069
$14,811
Building Department
$297,609
$147,187
49.46%
150,422
$141,958
Youth Service Bureau
$239,827
$165,959
69.20%
73,868
$131,506
Social Service Grants/Miscellaneous
$88,182
$87,081
98.75%
1,101
$84,254
Contingency Fund
$129,972
0
0.00%
129,972
0
Emergency Management
$1,094,563
$537,105
49.07%
557,458
$572,569
Fire Services
$3,531,618
$2,431,556
68.85%
1,100,062
$2,297,232
Police Department
$6,779,340
$3,793,191
55.95%
2,986,149
$3,678,967
Public Works Department
$4,994,798
$3,216,063
64.39%
1,778,735
$3,288,968
Conservation of Health
$148,407
148,407
100.00%
(0)
148,126
Public Health Nursing
$25,911
10,000
38.59%
15,911
24,000
Senior Citizens Commission
$484,631
287,418
59.31%
197,213
252,547
Waterford Public Library
$1,006,837
$620,327
61.61%
386,510
$557,707
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2023-2024, THROUGH JANUARY 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2022-2023, THROUGH  JANUARY 31, 2023
FISCAL YEAR 2024
FISCAL YEAR 2024
VARIANCE
FISCAL YEAR
FISCAL YEAR 2024
FISCAL YEAR 2024
PERCENT
FAVORABLE
2022-2023
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
Recreation and Parks
$1,399,310
$875,486
62.57%
523,824
$1,005,397
Flood and Erosion Control Bd.
$2,138
243
11.37%
1,895
590
Ethics Commission
$900
324
36.00%
576
0
Human Resources
$259,836
$196,345
75.57%
63,491
$179,699
Information Technology
$1,165,181
$926,315
79.50%
238,866
$792,382
Transfer to Waterford Special Activity Fund
$4,750
$4,750
100.00%
0
$4,750
Transfer to Waterford Shellfish Fund
$4,134
$4,134
100.00%
0
$1,721
Transfer to Capital Improvement Fund
$2,514,192
$2,514,192
100.00%
0
$3,012,901
Transfer to Capital & Non-Recurring Fund
$2,564,150
$2,564,150
100.00%
0
$3,001,560
Transfer to Dog Fund
$100,000
$100,000
100.00%
0
$60,000
Debt Service
$8,148,250
$7,730,968
94.88%
417,282
$5,878,841
Total General Government
$51,028,296
$38,110,212
74.68%
$12,918,084
$35,824,493
Board of Education
$54,193,983
$31,259,826
57.68%
22,934,157
$29,623,500
Total General Fund
$105,222,279
$69,370,038
65.93%
$35,852,241
$65,447,993
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
FLEET MANAGEMENT FUND
AS OF  JANUARY 31, 2024
  
Revenues:
   Investment Income
134,625
   Vehicle Rentals
28,463
   Sale of Vehicles
3,063
   Insurance Settlement
47,845
Total Revenues
213,994
Expenditures:
   Equipment Replacement
97,041
   Vehicle Replacement
1,557,451
Total Expenditures
1,654,492
Excess (Deficiency) of Revenues Over Expenditures
(1,440,498)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(440,498)
Fund Balances - Beginning
3,509,747
Fund Balances - Ending
3,069,250

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF JANUARY 31, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20501-57639 REVALUATION
($17,255.80)
$407,700.00
$0.00
$390,444.20
20511-57767 NEVINS COTTAGE STRUCTURAL REPAIRS
$20,715.00
$100,000.00
$0.00
$120,715.00
20511-57839 TOWN HALL EMERGENCY EGRESS
$41,275.00
$0.00
$0.00
$41,275.00
20511-57856 JORDAN VILLAGE SIDEWALKS      
$0.00
$0.00
$87,786.36
$87,786.36
20502-48043 JORDAN VILLAGE SIDEWALK GRANT
$0.00
$280,000.00
$0.00
$280,000.00
20511-57866 TOWN HALL FRONT DOOR
$0.00
$0.00
$18,982.73
$18,982.73
20511-57870 MAGO POINT IMPROVEMENTS       
$0.00
$374,500.00
$0.00
$374,500.00
20511-57871 PUBLIC SAFETY BLDG  HVAC      
$0.00
$62,045.00
$0.00
$62,045.00
20511-57872 ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$14,369.20
$0.00
$0.00
$14,369.20
20511-57874 RECONDITION ELEVATORS -TOWN HALL/YOUTH SERVICES BLDG
$35.00
$0.00
$0.00
$35.00
20511-57876 SW SCHOOL UNDERGROUND TANK
$89,027.14
$0.00
$0.00
$89,027.14
20511-57879 TOWN HALL BATHROOM REFURBISHMENT
$17,641.35
$0.00
$0.00
$17,641.35
20511-57885 COMMUNITY CENTER BMS PROJECT
$62,600.00
$0.00
$0.00
$62,600.00
20522-57794 MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$607.50
$500,436.00
$0.00
$501,043.50
20522-57887 FARGO WATER TANK ANTENNA
$48,998.00
$0.00
$0.00
$48,998.00
20523-57777 FIRE SERVICES -SCBA UPGRADE PROGRAM
$1,800.00
$0.00
$0.00
$1,800.00
20523-57791 JORDAN-TRAFFIC LIGHT UPGRADE
$0.00
$25,000.00
$0.00
$25,000.00
20523-57792 OSWEGATCHIE-BUILDING RENOVATIONS
$204,854.97
$0.00
$0.00
$204,854.97
20523-57836 FIRE SERVICES CARPET REPLACEMENT
$0.00
$30,000.00
$0.00
$30,000.00
20523-57838 FIRE SERVICES PRE EMPTION LIGHT REPAIRS
$0.00
$50,000.00
$0.00
$50,000.00
20529-57458 EVIDENCE ROOM & ARMORY UPDATE & RENOVATE
$0.00
$0.00
$26.33
$26.33
20530-57695 MUNICIPAL COMPLEX RENOVATION
$354,971.07
$6,100,833.00
$0.00
$6,455,804.07
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
$829,645.78
$0.00
$0.00
$829,645.78
20530-57886 OLD NORWICH ROAD PAVING
$1,053,000.00
$0.00
$0.00
$1,053,000.00
20531-55771 HARVEY AVENUE PUMP STATION REHAB
$0.00
$0.00
$503.58
$503.58
20531-57685 I/I MITIGATION & CONTROL
$283,485.86
$0.00
$0.00
$283,485.86
20531-57816 OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB
$211,385.91
$0.00
$0.00
$211,385.91
20531-57881 PLASTIC WATER SERVICE LINE REPLACEMENT
$512,086.58
$100,000.00
$0.00
$612,086.58
20536-57848 LIBRARY HVAC UPGRADE          
$1,091,200.00
$0.00
$0.00
$1,091,200.00
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
$15,236.00
$0.00
$0.00
$15,236.00
20541-57328 ALEWIFE COVE DREDGING
$0.00
$37,500.00
$0.00
$37,500.00
20547-57847 TOWN-WIDE CAMERA SYSTEM
$84,914.00
$86.00
$0.00
$85,000.00
20547-57860 PHONE SYSTEM UPGRADE
$44,076.06
$16,000.00
$0.00
$60,076.06
20547-57861 SWITCHES
$0.00
$2,258.00
$0.00
$2,258.00
20547-57882 COMPUTER REPLACEMENTS
$0.00
$42,250.00
$0.00
$42,250.00
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF JANUARY 31, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20500-43600 TURF FIELD RENTAL REVENUES
$0.00
$4,815.00
$0.00
$4,815.00
20560-55020 CLMS CHILLER REPLACEMENTS
$775,974.04
$0.00
$0.00
$775,974.04
20560-57822 IT LEARNING BOARDS -END OF LIFE
$14,202.10
$27,319.88
$0.00
$41,521.98
20560-57828 QH 10-YR RETRO COMMISSIONING
$0.00
$30,000.00
$0.00
$30,000.00
20560-57833 TENNIS COURTS
$0.00
$52,300.00
$0.00
$52,300.00
20560-57841 BUS LOT OFFICE
$0.00
$150,000.00
$0.00
$150,000.00
20560-57842 SCHOOL SECURITY
$1,938,243.00
$0.00
$0.00
$1,938,243.00
20560-57883 FINANCING ENERGY EFFICIENT EQUIPMENT
$243,335.00
$0.00
$0.00
$243,335.00
20560-57884 CHROMEBOOK & IPAD EQUIPMENT
$608.00
$0.00
$0.00
$608.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$203,518.63
$203,518.63
TOTAL
$6,689,900.99
$2,163,042.88
$310,817.63
$9,163,761.50
 
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2023 TO JUNE 30,2024
AS OF JANUARY 31,2024
BEGINNING 
FY24 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2023-2024
ENCUMBERED/ BAL (REVERTS
INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
TO FUND)
INC
APPROPRIATED
DESIGNATEDUNDESIGNATED
20501-57639
REVALUATION
($6,547.47)
$332,700.00
$0.00
$75,000.00
$6,547.47
$17,255.80
($17,255.80)
$407,700.00
$0.00
20511-57767
NEVINS COTTAGE STRUCTURAL REPAIRS
$20,715.00
$100,000.00
$0.00
$20,715.00
$100,000.00
$0.00
20511-57839
TOWN HALL EMERGENCY EGRESS
$41,275.00
$0.00
$0.00
$41,275.00
$0.00
$0.00
20511-57840
PLAN OF CONSERVATION DEVELOPMENT
$56,220.07
$0.00
$0.00
$56,220.07
$0.00
$0.00
$0.00
20511-57856
JORDAN VILLAGE SIDEWALKS      
$87,786.36
$0.00
$0.00
$0.00
$87,786.36
$0.00
$0.00
$87,786.36
20502-48043
JORDAN VILLAGE SIDEWALK GRANT
$0.00
$280,000.00
$0.00
$0.00
$280,000.00
$0.00
20511-57866
TOWN HALL FRONT DOOR
$18,982.73
$0.00
$0.00
$18,982.73
$0.00
$0.00
$18,982.73
20511-57870
MAGO POINT IMPROVEMENTS       
$19,125.00
$374,500.00
$0.00
$19,125.00
$0.00
$374,500.00
$0.00
20511-57871
PUBLIC SAFETY BLDG  HVAC      
$0.00
$62,045.00
$0.00
$0.00
$62,045.00
$0.00
20511-57872
ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$193,274.20
$0.00
$0.00
$178,905.00
$14,369.20
$0.00
$0.00
20511-57874
RECONDITION ELEVATORS -TOWN HALL/YOUTH SERVICES BLDG
$239,600.00
$0.00
$0.00
$239,565.00
$35.00
$0.00
$0.00
20511-57876
SW SCHOOL UNDERGROUND TANK
$122,732.32
$0.00
$0.00
$33,705.18
$89,027.14
$0.00
$0.00
20511-57879
TOWN HALL BATHROOM REFURBISHMENT
$293,871.35
$0.00
$0.00
$125,000.00
$401,230.00
$17,641.35
$0.00
$0.00
20511-57885
COMMUNITY CENTER BMS PROJECT
$0.00
$0.00
$0.00
$300,000.00
$300,000.00
($300,000.00)
$237,400.00
$62,600.00
$0.00
$0.00
20522-57794
MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$44,991.50
$500,436.00
$0.00
$44,384.00
$607.50
$500,436.00
$0.00
20522-57887
FARGO WATER TANK ANTENNA
$0.00
$0.00
$0.00
$48,998.00
$48,998.00
$0.00
$0.00
20523-57777
FIRE SERVICES -SCBA UPGRADE PROGRAM
$0.00
$0.00
$0.00
$64,000.00
$64,000.00
($64,000.00)
$62,200.00
$1,800.00
$0.00
$0.00
20523-57791
JORDAN-TRAFFIC LIGHT UPGRADE
$0.00
$25,000.00
$0.00
$0.00
$25,000.00
$0.00
20523-57792
OSWEGATCHIE-BUILDING RENOVATIONS
$212,500.00
$0.00
$0.00
$7,645.03
$204,854.97
$0.00
$0.00
20523-57836
FIRE SERVICES CARPET REPLACEMENT
$0.00
$30,000.00
$0.00
$0.00
$30,000.00
$0.00
20523-57838
FIRE SERVICES PRE EMPTION LIGHT REPAIRS
$0.00
$50,000.00
$0.00
$0.00
$50,000.00
$0.00
20529-57458
EVIDENCE ROOM & ARMORY UPDATE & RENOVATE
$36,313.33
$0.00
$0.00
$36,287.00
$26.33
$0.00
$0.00
$26.33
20530-57695
MUNICIPAL COMPLEX RENOVATION
$372,061.13
$6,100,833.00
$0.00
$17,090.06
$354,971.07
$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
$1,313,572.12
$0.00
$0.00
$483,926.34
$829,645.78
$0.00
$0.00
20530-57886
OLD NORWICH ROAD PAVING
$0.00
$0.00
$0.00
$1,053,000.00
$1,053,000.00
$0.00
$0.00
20531-55771
HARVEY AVENUE PUMP STATION REHAB
$503.58
$0.00
$0.00
$503.58
$0.00
$0.00
$503.58
20531-57685
I/I MITIGATION & CONTROL
$312,063.86
$0.00
$0.00
$28,578.00
$283,485.86
$0.00
$0.00
20531-57816
OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHA
$554,835.61
$0.00
$0.00
$755,369.00
$1,098,818.70
$211,385.91
$0.00
$0.00
20531-57881
PLASTIC WATER SERVICE LINE REPLACEMENT
$532,846.44
$0.00
$0.00
$100,000.00
$181,300.00
$202,059.86
$512,086.58
$100,000.00
$0.00
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2023 TO JUNE 30,2024
AS OF JANUARY 31,2024
BEGINNING 
FY24 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2023-2024
ENCUMBERED/ BAL (REVERTS
INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
TO FUND)
INC
APPROPRIATED
DESIGNATEDUNDESIGNATED
20536-57848
LIBRARY HVAC UPGRADE          
$0.00
$1,091,200.00
$0.00
$1,091,200.00
($1,091,200.00)
$1,091,200.00
$0.00
$0.00
20500-49000
CT PUBLIC LIBRARY CONSTRUCTION GRANT
$0.00
($250,000.00)
$0.00
$0.00
($250,000.00)
$0.00
20537-57735
LEARY PARK ROAD /PARKING LOT
$0.00
$20,000.00
$0.00
$0.00
$20,000.00
$0.00
20537-57878
REPAIR OF PLEASURE BEACH SIDEWALK/PATH
$15,236.00
$0.00
$0.00
$0.00
$15,236.00
$0.00
$0.00
20541-57328
ALEWIFE COVE DREDGING
$0.00
$37,500.00
$0.00
$0.00
$37,500.00
$0.00
20547-47846
FIBER UPGRADE
$0.00
$0.00
$0.00
$1,126.00
$0.00
$1,126.00
$0.00
$0.00
$0.00
20547-57847
TOWN-WIDE CAMERA SYSTEM
$0.00
$85,000.00
$0.00
$84,914.00
($84,914.00)
$84,914.00
$86.00
$0.00
20547-57860
PHONE SYSTEM UPGRADE
$0.00
$16,000.00
$0.00
$581,700.00
$537,623.94
$44,076.06
$16,000.00
$0.00
20547-57861
SWITCHES
$0.00
$2,258.00
$0.00
$0.00
$2,258.00
$0.00
20547-57882
COMPUTER REPLACEMENTS
$0.00
$0.00
$0.00
$42,250.00
$0.00
$42,250.00
$0.00
20500-43600
TURF FIELD RENTAL REVENUES
$0.00
$4,815.00
$0.00
$0.00
$4,815.00
$0.00
20560-55020
CLMS CHILLER REPLACEMENTS
$788,095.00
$0.00
$0.00
$12,120.96
$775,974.04
$0.00
$0.00
20560-57822
IT LEARNING BOARDS -END OF LIFE
$50,108.35
$27,319.88
$0.00
$35,906.25
$14,202.10
$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
$0.00
$52,300.00
$0.00
$0.00
$52,300.00
$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
$32,175.00
$0.00
$0.00
$1,982,900.00
$1,982,900.00
($1,982,900.00)
$76,832.00
$1,938,243.00
$0.00
$0.00
20560-57883
FINANCING ENERGY EFFICIENT EQUIPMENT
$0.00
$0.00
$0.00
$243,335.00
$243,335.00
$0.00
$0.00
20560-57884
CHROMEBOOK & IPAD EQUIPMENT
$0.00
$0.00
$0.00
$180,850.00
$180,242.00
$608.00
$0.00
$0.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$3,025,793.38
($3,177,225.47)
$354,950.72
$203,518.63
 
$4,105,206.71
$3,121,906.88
$3,025,793.38
$2,564,150.00
$6,700,239.47
($3,523,014.00)
($3,177,225.47)
$4,008,246.19
$107,299.00
$354,950.72
$6,689,900.99
$2,163,042.88
$310,817.63
Page 2



TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 JANUARY 31, 2024
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
30124-55738
BOS FY24
FLEET MANAGEMENT PLAN
1,000,000.00
1,000,000.00
0.00
100.0%
1,000,000.00 TO FLEET MANAGEMENT FUND
30716-55793
FINANCE (IT) FY16
FINANCIAL ACCOUNTING SOFTWARE
170,000.00
170,000.00
0.00
100.0%
12,491.82
31117-55803
BLDG MAINT FY17
PARKING LOT -YOUTH SERVICES
300,000.00
21,700.00
278,300.00
7.2%
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
20,800.00
66,200.00
23.9%
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
15,139.00
65,561.00
18.8%
31122-55819
BLDG MAINT FY22
UST REPLACEMENT               
250,000.00
247,769.41
2,230.59
99.1%
31122-55892
BLDG MAINT FY22
AC UNIT REPLACMENT RADIO SITES
60,500.00
60,500.00
0.00
100.0%
13,460.85
31122-55893
BLDG MAINT FY22
EUGENE O'NEILL  ROOF REPLACE  
60,767.64
60,767.64
0.00
100.0%
31123-55904
BLDG MAINT FY23
UST REPLACEMENT EUGENE O'NEILL
260,000.00
82,897.82
177,102.18
31.9%
31123-55905
BLDG MAINT FY23
UST REPLACEMENT LIBRARY&PUBLIC SAFETY
420,000.00
400,502.00
19,498.00
95.4%
31123-57857
BLDG MAINT FY23
CIVIC TRIANGLE UPGRADES       
1,012,390.00
1,012,386.61
3.39
100.0%
31124-55912
BLDG MAINT FY24
TOWN DOCK REPLACEMENT         
40,000.00
0.00
40,000.00
0.0%
31124-55913
BLDG MAINT FY24
JORDAN PARKHOUSE REPAIRS      
25,000.00
0.00
25,000.00
0.0%
31124-55915
BLDG MAINT FY24
SEPTIC REPLMT (EUGENE O'NEILL)
43,500.00
39,304.00
4,196.00
90.4%
32224-55908
EMERGENCY MANAGEMENT FY24
APCO INTELLICOM GUIDECARD SYST
40,000.00
40,000.00
0.00
100.0%
32224-55909
EMERGENCY MANAGEMENT FY24
EVENTIDE NEXLOGDX RECORDER    
88,701.00
0.00
88,701.00
0.0%
32323-55900
FIRE SERVICES FY23
COHANZIE EMERGENCY GENERATOR
57,000.00
60,000.00
(3,000.00)
105.3%
32323-55907
FIRE SERVICES FY23
PAGERS UPGRADE/REPLACEMNENT
25,000.00
24,179.40
820.60
96.7%
33020-55850
PUBLIC WORKS FY20
CROSS ROAD                    
2,754,000.00
2,754,000.00
0.00
100.0%
881,507.03
33020-59300
PUBLIC WORKS FY20
FUNDING OFFSET-CROSS ROAD                    
(2,754,000.00)
(2,754,000.00)
0.00
100.0%
(142,358.40)
33021-55867
PUBLIC WORKS FY21
REMOVE UST COHANZIE FIRE
348,790.00
348,790.00
0.00
100.0%
0.08
33022-55882
PUBLIC WORKS FY22
NORMAN/CONCRETE PANELS        
80,100.00
108,584.98
(28,484.98)
135.6%
33022-55883
PUBLIC WORKS FY22
WILLIAM ST CONCRETER SIDEWALK 
42,300.00
56,762.00
(14,462.00)
134.2%
33022-55884
PUBLIC WORKS FY22
SUMMER STREET/CONCRETE SW     
33,420.00
32,505.00
915.00
97.3%
33022-55885
PUBLIC WORKS FY22
DAVID STREET/CONCRETE SW      
43,680.00
60,995.00
(17,315.00)
139.6%
33023-55890
PUBLIC WORKS FY23
ROAD RESURFACING EVERSOURCE AF
315,951.00
(812,716.58)
1,128,667.58
-257.2%
33023-55901
PUBLIC WORKS FY23
CURB REPLACEMENT SANDY HOLLW
319,300.00
10,720.56
308,579.44
3.4%
Page 1 of 2

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 JANUARY 31, 2024
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
33023-55902
PUBLIC WORKS FY23
RD RESURFACING SEC A, AREA 3          
325,915.00
199,382.06
126,532.94
61.2%
33024-55911
PUBLIC WORKS FY24
BLOOMINGDALE/HUNTS BRK CULVERT
15,000.00
15,000.00
0.00
100.0%
33024-55914
PUBLIC WORKS FY24
ROTARY LIFT REPLACEMENTS      
75,000.00
74,972.00
28.00
100.0%
33121-55871
UTILITY COMM FY21
EVERGREEN PUMP STATION
375,000.00
375,000.00
0.00
100.0%
5,690.08
33122-55894
UTILITY COMM FY22
CONTROL PANEL RETRO-FIT (GORMA
30,000.00
0.00
30,000.00
0.0%
33123-55019
UTILITY COMM FY23
CONTRACT #1 SEWER INTERCEPTOR EASEMENT ACCESS
250,000.00
75,200.00
174,800.00
30.1%
33123-55895
UTILITY COMM FY23
ROOF & SIDING REPLACEMENT     
50,000.00
5,209.66
44,790.34
10.4%
33123-55906
UTILITY COMM FY23
WUC BILLING SOFTWARE
130,000.00
130,000.00
0.00
100.0%
33720-55854
REC & PARKS FY20
LEARY BASKETBALL COURT REBUILD
91,000.00
0.00
91,000.00
0.0%
33720-55855
REC & PARKS FY20
TOWN HALL BASKETBALL COURT REP
41,000.00
0.00
41,000.00
0.0%
33722-55896
REC & PARKS FY22
EQUIPMENT STORAGE PLAN        
21,000.00
16,750.00
4,250.00
79.8%
33723-55838
REC & PARKS FY23
CHILDREN'S PLAYGROUND
40,000.00
0.00
40,000.00
0.0%
34723-55021
INFORMATION TECHNOLOGY  FY23
AUDITORIUM MEETING ROOM UPDATES
272,000.00
86,819.78
185,180.22
31.9%
34724-55910
INFORMATION TECHNOLOGY  FY24
NEXGEN TRANSITION             
309,520.00
302,783.90
6,736.10
97.8%
TOTALS
7,512,354.64
4,487,204.24
3,025,150.40
59.7%
1,770,791.46
PRIOR YEAR EXPENDITURES
1,408,500.81
CURRENT YEAR EXPENDITURES
3,078,703.43
Page 2 of 2


TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
JANUARY 31, 2024
 
REMAINING
BALANCE
FUND 
DESCRIPTION
APPROPRIATION
EXPENDED
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%
TOTALS
89,611,679.00
89,035,223.85
576,455.15
99.36%
0.00
PRIOR YEAR EXPENDITURES
89,035,223.85
CURRENT YEAR EXPENDITURES
0.00
 

Contributed Gifts Fund
January 31, 2024
R&P 
R&P 
R&P
R&P
FINANCE
R&P
 MEMORIAL
FRANCES X.
CIVIC
DEIDRICK
HELMET
R&P
TREES &
 SWEENEY
R&P
R&P
TRIANGLE
R&P
FIELD PRESS 
R&P
DEPT.
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
CEMETERY
AUDITORIUM
FISCAL YEAR 2024
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
A/V UPGRADE
REVENUES
REC & PARKS MEMORIAL TREES & BENCHES 
DONATIONS
$500.00
REC & PARKS DOG PARK DONATIONS
$35.00
REC & PARKS TOY BOX DONATIONS
$220.00
R&P CEMETERY DONATIONS
$100.00
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
TOTAL REVENUES
$0.00
$0.00
$500.00
$0.00
$35.00
$0.00
$0.00
$220.00
$0.00
$100.00
$0.00
EXPENDITURES
07/14/23 EAST COAST K-9 TICO
08/04/23 JP MORGAN CHASE
08/04/23 D.DRISCOLL REIMBURSEMENT
08/18/23 PETTY CASH
08/18/23 MEDIA HERE& NOW LLC
08/04/23 JP MORGAN CHASE
09/04/23 JP MORGAN CHASE
09/04/23 JP MORGAN CHASE
10/04/23 JP MORGAN CHASE
10/04/23 JP MORGAN CHASE
11/22/23 PO 240394 POSITIVE PROMOT
11/04/23 JP MORGAN CHASE
12/04/23 JP MORGAN CHASE
01/05/24 REIMB E. FREDRICS
01/04/24 JP MORGAN CHASE
01/18/24 P.O. 240505 SMOKEY O'GRADYS 
WELLNESS DINNER
TOTAL EXPENDITURES
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
NET CURRENT YEAR ACTIVITY
$0.00
$0.00
$500.00
$0.00
$35.00
$0.00
$0.00
$220.00
$0.00
$100.00
$0.00
PRIOR YEAR BALANCE
$594.72
$29.60
$1,271.39
$65.00
$725.97
$60,486.32
$1,140.00
$0.00
$12,600.00
$0.00
$151.00
CURRENT YEAR BALANCE
$594.72
$29.60
$1,771.39
$65.00
$760.97
$60,486.32
$1,140.00
$220.00
$12,600.00
$100.00
$151.00
Page 1 of 2

Contributed Gifts Fund
January 31, 2024
FISCAL YEAR 2024
REVENUES
REC & PARKS MEMORIAL TREES & BENCHES 
DONATIONS
REC & PARKS DOG PARK DONATIONS
REC & PARKS TOY BOX DONATIONS
R&P CEMETERY DONATIONS
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
TOTAL REVENUES
EXPENDITURES
07/14/23 EAST COAST K-9 TICO
08/04/23 JP MORGAN CHASE
08/04/23 D.DRISCOLL REIMBURSEMENT
08/18/23 PETTY CASH
08/18/23 MEDIA HERE& NOW LLC
08/04/23 JP MORGAN CHASE
09/04/23 JP MORGAN CHASE
09/04/23 JP MORGAN CHASE
10/04/23 JP MORGAN CHASE
10/04/23 JP MORGAN CHASE
11/22/23 PO 240394 POSITIVE PROMOT
11/04/23 JP MORGAN CHASE
12/04/23 JP MORGAN CHASE
01/05/24 REIMB E. FREDRICS
01/04/24 JP MORGAN CHASE
01/18/24 P.O. 240505 SMOKEY O'GRADYS 
WELLNESS DINNER
TOTAL EXPENDITURES
NET CURRENT YEAR ACTIVITY
PRIOR YEAR BALANCE
CURRENT YEAR BALANCE
POLICE
POLICE
POLICE
POLICE
POLICE
DEPT.
DEPT.
DEPT.
PUBLIC 
AUSTISM
VEHICLE
K-9
GENERAL 
SAFETY
TRAINING
 CHALLENGE
 PROGRAM
DONATIONS
 DOCK
TOTAL
$2,000.00
$3,323.00
$0.00
$0.00
$2,000.00
$3,323.00
$0.00
$6,178.00
$9,950.00
$0.00
$1,905.49
$46.47
$50.00
$500.00
$230.24
$709.47
$1,701.97
($244.38)
$2,958.90
$503.27
$326.15
$2,246.98
$50.00
$326.48
$1,930.31
$0.00
$0.00
$12,320.58
$10,870.77
$0.00
$23,191.35
$0.00
$0.00
($10,320.58)
($7,547.77)
$0.00
($17,013.35)
$1,700.00
$780.11
$14,897.23
$11,234.78
$7.04
$105,683.16
$1,700.00
$780.11
$4,576.65
$3,687.01
$7.04
$88,669.81
Page 2 of 2

Insurance 
Administration Fund
Balance Sheet
January 31, 2024
Assets
   Cash and Cash Equivalents
10,608,691
   Accounts Receivable
4,679
Total Assets
10,613,370
Liabilities
   Accounts Payable
0
   Accrued Liabilities (IBNR)
727,000
   Due to other funds
207,313
   Advance Payments
15,278.51
$      
Total Liabilities
949,591
Net Assets
   Unrestricted
$9,663,778
Total Net Assets
$
$9,663,778