12-11-24 Board of Finance Regular Meeting Agenda & Backup Documents

Contributed Gifts Fund
October 31, 2024
R&P 
R&P 
R&P
R&P
R&P
 MEMORIAL
FRANCES X.
CIVIC
DEIDRICK
HELMET
R&P
TREES &
 SWEENEY
R&P
R&P
TRIANGLE
R&P
FIELD PRESS 
R&P
R&P
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
CEMETERY
GO CART
FISCAL YEAR 2025
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
DONATIONS
REVENUES
REC & PARKS DOG PARK DONATIONS
$227.00
REC & PARKS PLAYGROUND DONATIONS
$10,000.00
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
REC & PARKS GO CART DONATIONS
$1,310.00
TOTAL REVENUES
$0.00
$0.00
$0.00
$0.00
$227.00
$10,000.00
$0.00
$0.00
$0.00
$0.00
$1,310.00
EXPENDITURES
08/16/24  LETS CORP 
08/04/24 JP MORGAN CHASE
08/04/24 JP MORGAN CHASE
08/30/24 MARK KOSMAN DESIGN
09/04/24 JP MORGAN CHASE
09/13/24 E. FREDRICKS REIMB FOR BUS
09/27/24 MEDIA HERE & NOW LLC
10/4/2024J JP MORGAN CHASE
$594.72
TOTAL EXPENDITURES
$594.72
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
NET CURRENT YEAR ACTIVITY
($594.72)
$0.00
$0.00
$0.00
$227.00
$10,000.00
$0.00
$0.00
$0.00
$0.00
$1,310.00
PRIOR YEAR BALANCE
$594.72
$129.60
($1,053.61)
$65.00
$760.97
$60,486.32
$1,140.00
$220.00
$8,310.00
$100.00
$0.00
CURRENT YEAR BALANCE
$0.00
$129.60
($1,053.61)
$65.00
$987.97
$70,486.32
$1,140.00
$220.00
$8,310.00
$100.00
$1,310.00
Page 1 of 2

Contributed Gifts Fund
October 31, 2024
FISCAL YEAR 2025
REVENUES
REC & PARKS DOG PARK DONATIONS
REC & PARKS PLAYGROUND DONATIONS
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
REC & PARKS GO CART DONATIONS
TOTAL REVENUES
EXPENDITURES
08/16/24  LETS CORP 
08/04/24 JP MORGAN CHASE
08/04/24 JP MORGAN CHASE
08/30/24 MARK KOSMAN DESIGN
09/04/24 JP MORGAN CHASE
09/13/24 E. FREDRICKS REIMB FOR BUS
09/27/24 MEDIA HERE & NOW LLC
10/4/2024J JP MORGAN CHASE
TOTAL EXPENDITURES
NET CURRENT YEAR ACTIVITY
PRIOR YEAR BALANCE
CURRENT YEAR BALANCE
FINANCE
POLICE
POLICE
POLICE
POLICE
POLICE
DEPT.
DEPT.
DEPT.
DEPT.
PUBLIC 
AUDITORIUM
AUSTISM
VEHICLE
K-9
GENERAL 
SAFETY
A/V UPGRADE TRAINING  CHALLENGE
 PROGRAM DONATIONS
 DOCK
TOTAL
$50.00
$651.59
$0.00
$0.00
$0.00
$50.00
$651.59
$0.00
$12,238.59
$4,995.00
$180.47
$42.50
$241.00
$282.52
$100.00
$500.00
$0.00
$0.00
$0.00
$283.50
$6,057.99
$0.00
$6,936.21
$0.00
$0.00
$0.00
($233.50)
($5,406.40)
$0.00
$5,302.38
$151.00
$1,700.00
$780.11
$4,424.54
$13,239.38
$7.04
$91,055.07
$151.00
$1,700.00
$780.11
$4,191.04
$7,832.98
$7.04
$96,357.45
Page 2 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH OCTOBER 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  OCTOBER 31, 2023
FISCAL YEAR 2025
FISCAL YEAR 2025
VARIANCE
FISCAL YEAR
FISCAL YEAR 2025
FISCAL YEAR 2025
PERCENT
FAVORABLE
2023-2024
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
GENERAL GOVERNMENT
Board of Selectmen
$206,405
$60,750
29.43%
145,655
$60,373
Registrar of Voters
$96,525
$39,336
40.75%
57,189
$23,642
Board of Finance
$80,713
$77,288
95.76%
3,425
$68,861
Assessor
$311,713
$111,944
35.91%
199,769
$88,808
Board of Assessment Appeals
$1,742
$270
15.52%
1,472
$223
Tax Collector
$232,331
$90,124
38.79%
142,207
$87,215
Finance Department
$767,856
$317,974
41.41%
449,882
$298,722
Legal Department
$295,000
$256,717
87.02%
38,283
$356,298
Town Clerk
$264,849
$97,730
36.90%
167,119
$92,578
Planning and Zoning
$686,543
$219,826
32.02%
466,717
$194,916
Building Maintenance
$895,824
$538,112
60.07%
357,712
$457,328
Insurance
$4,962,182
$1,801,728
36.31%
3,160,454
$1,361,774
Economic Development Commission
$25,267
$9,591
37.96%
15,676
$9,544
Conservation Commission
$18,250
$1,805
9.89%
16,445
$1,318
Zoning Board of Appeals
$4,310
2,983
69.20%
1,327
3,000
Retirement Commission
$7,760,257
$3,740,598
48.20%
4,019,659
$3,071,060
R.T.M.
$18,903
$14,036
74.25%
4,867
$13,579
Building Department
$326,532
$93,621
28.67%
232,911
$86,038
Youth Service Bureau
$294,579
$105,124
35.69%
189,455
$97,031
Social Service Grants/Miscellaneous
$98,960
$93,090
94.07%
5,870
$126,275
Contingency Fund
$164,587
0
0.00%
164,587
0
Emergency Management
$1,196,762
$336,473
28.12%
860,289
$303,731
Fire Services
$3,695,838
$1,757,507
47.55%
1,938,331
$1,745,562
Police Department
$7,015,644
$2,159,548
30.78%
4,856,096
$2,060,257
Public Works Department
$5,086,238
$2,547,759
50.09%
2,538,479
$2,190,023
Conservation of Health
$148,407
148,407
100.00%
0
148,407
Public Health Nursing
$26,297
52,594
200.00%
(26,297)
10,000
Senior Citizens Commission
$481,248
156,945
32.61%
324,303
174,690
Waterford Public Library
$1,006,837
$319,322
31.72%
687,515
$344,320
Recreation and Parks
$1,480,330
$691,978
46.74%
788,352
$591,651
Flood and Erosion Control Bd.
$1,109
0
0.00%
1,109
62
Ethics Commission
$900
303
33.63%
597
47
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH OCTOBER 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  OCTOBER 31, 2023
FISCAL YEAR 2025
FISCAL YEAR 2025
VARIANCE
FISCAL YEAR
FISCAL YEAR 2025
FISCAL YEAR 2025
PERCENT
FAVORABLE
2023-2024
APPROPRIATED
ACTUAL
EXPENDED
(UNFAVORABLE)
ACTUAL
Human Resources
$264,204
$139,513
52.80%
124,691
$130,543
Information Technology
$1,231,423
$807,292
65.56%
424,131
$694,902
Transfer to Waterford Special Activity Fund
$4,750
$4,750
100.00%
0
$4,750
Transfer to Waterford Shellfish Fund
$1,290
$1,290
100.00%
0
$4,134
Transfer to Capital Improvement Fund
$1,430,335
$1,430,335
100.00%
0
$2,502,902
Transfer to Capital & Non-Recurring Fund
$3,350,899
$3,350,899
100.00%
0
$2,564,150
Transfer to Dog Fund
$100,000
$100,000
100.00%
0
$100,000
Debt Service
$8,109,746
$7,400,482
91.25%
709,264
$7,342,768
Total General Government
$52,145,585
$29,078,043
55.76%
$23,067,542
$27,411,482
Board of Education
$57,611,181
$12,672,356
22.00%
44,938,825
$11,464,731
Total General Fund
$109,756,766
$41,750,399
38.04%
$68,006,367
$38,876,213
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH OCTOBER 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  OCTOBER 31, 2023
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2024-2025
YEAR
YEAR
2024-2025
2024-2025
PERCENT
2024-2025
2023-2024
BUDGET
ACTUAL
RECEIVED
VARIANCE
ACTUAL
STATE OF CONNECTICUT
EDUCATION
EQUALIZED COST SHARING
$326,444
$81,611
25.00%
(244,833)
$81,611
HEALTH & WELFARE
$6,359
$0
0.00%
(6,359)
$0
SUB TOTAL
332,803
81,611
24.52%
(251,192)
81,611
GENERAL GOVERNMENT
PILOT-DISABLED
1,200
0
0.00%
(1,200)
$0
TIERED PILOT 
347,575
349,298
100.50%
1,723
$347,575
TAX RELIEF-VETERANS
5,000
0
0.00%
(5,000)
$0
COURT FINES
0
10,245
#DIV/0!
10,245
$0
CIVIL PREPAREDNESS
23,000
35,444
154.10%
12,444
$2,323
TELECOMMUNICATIONS PROPERTY TAX
58,071
0
0.00%
(58,071)
$0
TOWN AID ROADS-IMPROVED
321,360
160,680
50.00%
(160,680)
$160,680
LOCAL CAPITAL IMPROVEMENT (LOCIP)
177,479
0
0.00%
(177,479)
$0
SDE STATE GRANT
14,000
7,051
50.36%
(6,949)
$3,526
ENHANCEMENT 911
22,500
11,297
50.21%
(11,203)
$11,291
MUNICIPAL REVENUE SHARE GRANT
315,978
0
0.00%
(315,978)
$493,810
GRANTS FOR MUNICIPAL PROJECTS
34,255
0
0.00%
(34,255)
$0
TOTAL GENERAL GOVERNMENT
1,320,418
574,016
43.47%
(746,402)
1,019,205
TOTAL STATE OF CONNECTICUT
1,653,221
655,627
39.66%
(997,594)
1,100,816
OTHER SOURCES
EDUCATION
TUITION
0
52,420
#DIV/0!
52,420
0
RENT & MISCELLANEOUS
1,500
1,000
66.67%
(500)
493
SUB TOTAL
1,500
53,420
3561.33%
51,920
493
GENERAL GOVERNMENT
INTEREST & LIENS
381,744
121,910
31.93%
(259,834)
134,353
INTEREST ON INVESTMENTS
2,000,000
1,071,184
53.56%
(928,816)
1,179,431
RECREATION & PARKS
202,001
90,619
44.86%
(111,382)
165,860
FIRE SERVICES INSPECTIONS & PLAN FEES
7,320
9,045
123.57%
1,725
0
BUILDING INSPECTOR
530,591
493,334
92.98%
(37,257)
174,453
LICENSE, FEE, PERMIT, FINE
18,320
6,770
36.95%
(11,550)
5,063
LIBRARY
0
550
#DIV/0!
550
483

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH OCTOBER 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  OCTOBER 31, 2023
 
FAVORABLE
FISCAL
(UNFAVORABLE)
FISCAL
FISCAL
YEAR
FISCAL
FISCAL
YEAR
YEAR
2024-2025
YEAR
YEAR
2024-2025
2024-2025
PERCENT
2024-2025
2023-2024
BUDGET
ACTUAL
RECEIVED
VARIANCE
ACTUAL
SALE OF EQUIPMENT
1,000
0
0.00%
(1,000)
0
BULKY WASTE FEES
112,000
47,007
41.97%
(64,993)
43,352
MISCELLANEOUS
50,000
35,894
71.79%
(14,106)
125,341
CONVEYANCE TAX
200,000
155,256
77.63%
(44,744)
112,869
EMS-REG COMM CTR FEES
6,000
0
0.00%
(6,000)
0
PLANNING& ZONING, ZBA, CONSRV COMM
55,980
29,030
51.86%
(26,950)
19,597
TOWN CLERK FEES
175,000
55,844
31.91%
(119,157)
53,009
TIPPING FEES
275,000
30,427
11.06%
(244,574)
30,795
RECYCLING
50,000
24,040
48.08%
(25,960)
4,839
TRANSFERS FROM OTHER FUNDS
0.00
6,736
#DIV/0!
6,736
0
TRANSFERS IN-PY ENCUMBRANCES
0
0
#DIV/0!
0
3,744
EUGENE O'NEILL GATE/LEASE REVENUE
10,000
22,942
229.42%
12,942
0
AMBULANCE OPERATING SUBSIDY
6,000
0
0.00%
(6,000)
0
YSB BOE CLERICAL STIPEND
5,000
5,000
100.00%
0
5,000
RENTAL OF BUILDINGS
50,000
24,947
49.89%
(25,053)
23,139
SENIOR SERVICES
10,198
11,670
114.43%
1,472
8,184
VERSA KART/BLUE BOXES
8,000
2,600
32.50%
(5,400)
3,550
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
75,927
75,927
100.00%
0
73,218
SUB TOTAL
4,230,081
2,320,731
54.86%
(1,909,350)
2,166,280
TOTAL OTHER SOURCES
4,231,581
2,374,151
56.11%
(1,857,430)
2,166,773
PROPERTY TAXATION
CURRENT PROPERTY TAX
99,867,307
73,730,006
73.83%
(26,137,301)
71,726,960
PRIOR YEAR TAXES
486,849
(893,691)
-183.57%
(1,380,540)
141,417
TOTAL PROPERTY TAXATION
100,354,156
72,836,316
72.58%
(27,517,840)
71,868,377
FUND BALANCE APPLIED
1,000,000
0
0.00%
(1,000,000)
0
TOTAL REVENUES
107,238,958
75,866,093
70.74%
(31,372,865)
75,135,966

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
OCTOBER 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
 

TOWN OF WATERFORD
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
FLEET MANAGEMENT FUND
AS OF  OCTOBER 31, 2024
  
Revenues:
   Investment Income
76,709
   Vehicle Rentals
22,738
   Sale of Vehicles
7,644
Total Revenues
107,091
Expenditures:
   Equipment Replacement
198,960
   Vehicle Replacement
2,636,361
Total Expenditures
2,835,322
Excess (Deficiency) of Revenues Over Expenditures
(2,728,230)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(1,728,230)
Fund Balances - Beginning
3,501,938
Fund Balances - Ending
1,773,707

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 OCTOBER 31, 2024
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
30125-55738
BOS FY25
FLEET MANAGEMENT PLAN
1,000,000.00
1,000,000.00
0.00
100.0%
1,000,000.00 TO FLEET MANAGEMENT FUND
31117-55803
BLDG MAINT FY17
PARKING LOT -YOUTH SERVICES
300,000.00
73,000.00
227,000.00
24.3%
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
38,000.00
49,000.00
43.7%
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
250,010.00
(10.00)
100.0%
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
150,353.41
109,646.59
57.8%
31123-55905
BLDG MAINT FY23
UST REPLACEMENT LIBRARY&PUBLIC SAFETY
420,000.00
420,000.00
0.00
100.0%
31123-57857
BLDG MAINT FY23
CIVIC TRIANGLE UPGRADES       
1,285,818.00
1,262,429.72
23,388.28
98.2%
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
13,102.24
11,897.76
52.4%
31124-55915
BLDG MAINT FY24
SEPTIC REPLMT (EUGENE O'NEILL)
43,500.00
35,154.00
8,346.00
80.8%
31125-55904
BLDG MAINT FY25
UST REPLACEMENT EUGENE O'NEILL
153,000.00
69,843.70
83,156.30
45.6%
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
57,000.00
0.00
100.0%
32323-55907
FIRE SERVICES FY23
PAGERS UPGRADE/REPLACEMENT
25,000.00
24,862.95
137.05
99.5%
32325-55916
FIRE SERVICES FY25
COHANZIE SKYLIGHT REPLACEMENT 
30,000.00
0.00
30,000.00
0.0%
32925-55918
POLICE DEPT FY25
CELL BLOCK/KITCHEN UPDATE     
25,575.00
23,250.00
2,325.00
90.9%
32925-55919
POLICE DEPT FY25
FIREARMS/LASER SITE TRANSITION
53,289.00
49,278.39
4,010.61
92.5%
33020-55850
PUBLIC WORKS FY20
CROSS ROAD                    
2,754,000.00
2,014,851.37
739,148.63
73.2%
33020-59300
PUBLIC WORKS FY20
FUNDING OFFSET-CROSS ROAD                    
(2,754,000.00)
(2,754,000.00)
0.00
100.0%
33022-55882
PUBLIC WORKS FY22
NORMAN/CONCRETE PANELS        
80,100.00
128,203.68
(48,103.68)
160.1%
33022-55883
PUBLIC WORKS FY22
WILLIAM ST CONCRETE SIDEWALK 
42,300.00
31,331.47
10,968.53
74.1%
33022-55884
PUBLIC WORKS FY22
SUMMER STREET/CONCRETE SW     
33,420.00
16,015.86
17,404.14
47.9%
33022-55885
PUBLIC WORKS FY22
DAVID STREET/CONCRETE SW      
43,680.00
32,290.09
11,389.91
73.9%
33023-55890
PUBLIC WORKS FY23
ROAD RESURFACING EVERSOURCE AF
315,951.00
(449,026.83)
764,977.83
-142.1%
Page 1 of 2

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 OCTOBER 31, 2024
EXPENDED/
PERCENT
TRANSFERS
ACCOUNT 
DEPT/YEAR
DESCRIPTION
APPROPRIATED
ENCUMBERED
BALANCE
EXPENDED
OUT
33023-55901
PUBLIC WORKS FY23
CURB REPLACEMENT SANDY HOLLW
319,300.00
229,119.68
90,180.32
71.8%
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%
33025-55920
PUBLIC WORKS FY25
NIANTIC RIVER ROAD SIDEWALK RE
25,000.00
30,000.00
(5,000.00)
120.0%
33122-55894
UTILITY COMM FY22
CONTROL PANEL RETRO-FIT (GORMA
30,000.00
29,508.77
491.23
98.4%
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
34,587.16
15,412.84
69.2%
33720-55855
REC & PARKS FY20
TOWN HALL BASKETBALL COURT REP
249,808.00
0.00
249,808.00
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%
33725-55838
REC & PARKS FY25
STENGER PARK BATHROOM & WALKWAY
10,500.00
0.00
10,500.00
0.0%
34723-55021
INFORMATION TECHNOLOGY  FY23
AUDITORIUM MEETING ROOM UPDATES
272,000.00
157,130.08
114,869.92
57.8%
34724-55910
INFORMATION TECHNOLOGY  FY24
NEXGEN TRANSITION             
309,520.00
309,520.00
0.00
100.0%
6,736.10
34725-55917
INFORMATION TECHNOLOGY  FY24
CONTENT FILTER UPGRADE/REPLACE
15,163.00
11,598.77
3,564.23
76.5%
TOTALS
6,805,912.64
3,729,743.15
3,076,169.49
54.8%
1,006,736.10
PRIOR YEAR EXPENDITURES
2,523,101.04
CURRENT YEAR EXPENDITURES
1,206,642.11
Page 2 of 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2024 TO JUNE 30,2025
AS OF OCTOBER 31,2024
BEGINNING 
FY25 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2024-2025
ENCUMBERED/ BAL (REVERTS INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
TO FUND)
INC
APPROPRIATED
DESIGNATED UNDESIGNATED
20501-57018
PURCHASE 8 GOSHEN ROAD
$6,314.00
$0.00
$0.00
$6,314.00
$0.00
$0.00
$6,314.00
20501-57639
REVALUATION
$0.00
$407,700.00
$0.00
$125,000.00
$0.00
$532,700.00
$0.00
20511-57740
COHANZIE SCHOOL REMEDIATION &
$0.00
$0.00
$0.00
$40,000.00
$0.00
$40,000.00
$0.00
20511-57767
NEVINS COTTAGE STRUCTURAL REPAIRS
$20,715.00
$100,000.00
$0.00
$20,715.00
$100,000.00
$0.00
20511-57840
PLAN OF CONSERVATION DEVELOPMENT
$10,914.86
$0.00
$0.00
$10,914.86
$0.00
$0.00
$0.00
20511-57870
MAGO POINT IMPROVEMENTS       
$0.00
$374,500.00
$0.00
$0.00
$374,500.00
$0.00
20511-57871
PUBLIC SAFETY BLDG  HVAC      
$0.00
$62,045.00
$0.00
($62,045.00)
$62,045.00
$0.00
$0.00
$62,045.00
20511-57872
ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$61,169.20
$0.00
$0.00
$49,500.00
$11,669.20
$0.00
$0.00
20511-57874
RECONDITION ELEVATORS -TOWN HALL/YOUTH SERVICES BLDG
$268,133.85
$0.00
$0.00
$239,565.00
$28,568.85
$0.00
$0.00
20511-57876
SW SCHOOL UNDERGROUND TANK
$81,841.49
$0.00
$0.00
$2,273.22
$79,568.27
$0.00
$0.00
20511-57879
TOWN HALL BATHROOM REFURBISHMENT
$214,827.04
$0.00
$0.00
$143,091.98
$71,735.06
$0.00
$0.00
20511-57885
COMMUNITY CENTER BMS PROJECT
$51,050.00
$0.00
$0.00
$51,050.00
$0.00
$0.00
$51,050.00
20511-57889
PUBLIC SAFETY COMPLEX HVAC    
$0.00
$0.00
$0.00
$100,000.00
$0.00
$100,000.00
$0.00
20522-57794
MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$290,569.50
$3,683.00
$0.00
$290,528.55
$40.95
$3,683.00
$0.00
20522-57887
FARGO WATER TANK ANTENNA
$48,998.00
$0.00
$0.00
$48,997.26
$0.74
$0.00
$0.00
20523-57777
FIRE SERVICES -SCBA UPGRADE PROGRAM
$18.56
$0.00
$0.00
$50,000.00
$0.00
$45,500.00
$4,518.56
$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
$602,241.42
$0.00
$0.00
$68,298.48
$533,942.94
$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
($50,000.00)
$0.00
$0.00
$0.00
20523-57888
GOSHEN ROOF REPLACEMENT       
$0.00
$0.00
$0.00
$60,000.00
$0.00
$60,000.00
$0.00
20530-57695
MUNICIPAL COMPLEX RENOVATION
$368,087.81
$6,100,833.00
$0.00
$368,087.81
$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
$855,873.25
$0.00
$0.00
$593,497.53
$262,375.72
$0.00
$0.00
20530-57886
OLD NORWICH ROAD PAVING
$1,053,000.00
$0.00
$0.00
$1,053,000.00
$0.00
$0.00
20531-57685
I/I MITIGATION & CONTROL
$261,737.99
$0.00
$0.00
$24,523.60
$237,214.39
$0.00
$0.00
20531-57816
OLD NORWICH/EVERGREEN/HARVEY AVE PUMP STATION REHAB
$1,276,718.83
$0.00
$0.00
$1,116,122.92
$160,595.91
$0.00
$0.00
20531-57881
PLASTIC WATER SERVICE LINE REPLACEMENT
$491,803.64
$100,000.00
$0.00
$100,000.00
$65,412.46
$426,391.18
$200,000.00
$0.00
20531-57890
WEIMES & MARILYN EJECTOR REPL 
$0.00
$0.00
$0.00
$19,800.00
$0.00
$19,800.00
$0.00
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2024 TO JUNE 30,2025
AS OF OCTOBER 31,2024
BEGINNING 
FY25 RTM
CLOSED
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2024-2025
ENCUMBERED/ BAL (REVERTS INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
TO FUND)
INC
APPROPRIATED
DESIGNATED UNDESIGNATED
20536-57848
LIBRARY HVAC UPGRADE          
$1,091,200.00
$0.00
$0.00
$120,000.00
$971,200.00
$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
$0.00
$0.00
$0.00
$145,000.00
$0.00
$145,000.00
$0.00
20541-57328
ALEWIFE COVE DREDGING
$0.00
$37,500.00
$0.00
$12,500.00
$0.00
$50,000.00
$0.00
20547-57847
TOWN-WIDE CAMERA SYSTEM
$84,914.00
$86.00
$0.00
($86.00)
$86.00
$84,914.00
$0.00
$0.00
$86.00
20547-57860
PHONE SYSTEM UPGRADE
$44,076.06
$16,000.00
$0.00
($16,000.00)
$16,000.00
$44,076.06
$0.00
$0.00
$60,076.06
20547-57861
SWITCHES
$0.00
$2,258.00
$0.00
$0.00
$2,258.00
$0.00
20547-57882
COMPUTER REPLACEMENTS
$0.65
$8,069.00
$0.00
$20,264.00
$0.65
$28,333.00
$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
$929,774.04
$0.00
$0.00
$859,545.00
$70,229.04
$0.00
$0.00
20560-57820
WHS TURF FIELD & TRACK
$0.00
$0.00
$0.00
$1,200,000.00
$0.00
$1,200,000.00
$0.00
20560-57822
IT LEARNING BOARDS -END OF LIFE
$14,202.10
$27,319.88
$0.00
$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
$1,200,000.00
$0.00
$1,252,300.00
$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
$1,899,160.74
$0.00
$0.00
$1,622,240.46
$276,920.28
$0.00
$0.00
20560-57883
FINANCING ENERGY EFFICIENT EQUIPMENT
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
20560-57884
CHROMEBOOK & IPAD EQUIPMENT
$608.00
$0.00
$0.00
$608.00
$0.00
$0.00
20560-57891
ENERGY EFFICIENCY PROGRAM     
$0.00
$0.00
$0.00
$243,335.00
$0.00
$243,335.00
$0.00
20560-57892
HVAC EVALUATION/REMIDATION    
$0.00
$0.00
$0.00
$85,000.00
$0.00
$85,000.00
$0.00
20560-57893
GREAT NECK SCHOOL FIELD DRAINAGE
$0.00
$0.00
$0.00
$278,750.00
$0.00
$278,750.00
$0.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$693,566.03
($278,750.00)
$207,379.02
$0.00
$0.00
$622,195.05
 
$8,780,820.26
$1,352,108.88
$693,566.03
$3,350,899.00
$50,000.00
$150,619.00
($200,619.00)
$5,384,925.32
$101,440.06
#######
$3,344,454.88
$4,853,626.88
$801,766.11
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF OCTOBER 31, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20501-57018 PURCHASE 8 GOSHEN ROAD
$0.00
$0.00
$6,314.00
$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 STRUCTURAL REPAIRS
$20,715.00
$100,000.00
$0.00
$120,715.00
20511-57870 MAGO POINT IMPROVEMENTS       
$0.00
$374,500.00
$0.00
$374,500.00
20511-57871 PUBLIC SAFETY BLDG  HVAC      
$0.00
$0.00
$62,045.00
$62,045.00
20511-57872 ROOF & HVAC REPLACEMENT PUBLIC SAFETY BUILDING
$11,669.20
$0.00
$0.00
$11,669.20
20511-57874 RECONDITION ELEVATORS -TOWN HALL/YOUTH SERVICES BLDG
$28,568.85
$0.00
$0.00
$28,568.85
20511-57876 SW SCHOOL UNDERGROUND TANK
$79,568.27
$0.00
$0.00
$79,568.27
20511-57879 TOWN HALL BATHROOM REFURBISHMENT
$71,735.06
$0.00
$0.00
$71,735.06
20511-57885 COMMUNITY CENTER BMS PROJECT
$0.00
$0.00
$51,050.00
$51,050.00
20511-57889 PUBLIC SAFETY COMPLEX HVAC    
$0.00
$100,000.00
$0.00
$100,000.00
20522-57794 MOBILE & PORTABLE RADIO REPLACEMENT PROGRAM
$40.95
$3,683.00
$0.00
$3,723.95
20522-57887 FARGO WATER TANK ANTENNA
$0.74
$0.00
$0.00
$0.74
20523-57777 FIRE SERVICES -SCBA UPGRADE PROGRAM
$4,518.56
$0.00
$0.00
$4,518.56
20523-57791 JORDAN-TRAFFIC LIGHT UPGRADE
$0.00
$25,000.00
$0.00
$25,000.00
20523-57792 OSWEGATCHIE-BUILDING RENOVATIONS
$533,942.94
$0.00
$0.00
$533,942.94
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
$368,087.81
$6,100,833.00
$0.00
$6,468,920.81
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
$262,375.72
$0.00
$0.00
$262,375.72
20530-57886 OLD NORWICH ROAD PAVING
$1,053,000.00
$0.00
$0.00
$1,053,000.00
20531-57685 I/I MITIGATION & CONTROL
$237,214.39
$0.00
$0.00
$237,214.39
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
$426,391.18
$200,000.00
$0.00
$626,391.18
20531-57890 WEIMES & MARILYN EJECTOR REPL 
$0.00
$19,800.00
$0.00
$19,800.00
20536-57848 LIBRARY HVAC UPGRADE          
$971,200.00
$0.00
$0.00
$971,200.00
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
$0.00
$145,000.00
$0.00
$145,000.00
20541-57328 ALEWIFE COVE DREDGING
$0.00
$50,000.00
$0.00
$50,000.00
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
$0.00
$28,333.65
20500-43600 TURF FIELD RENTAL REVENUES
$0.00
$4,815.00
$0.00
$4,815.00
20560-55020 CLMS CHILLER REPLACEMENTS
$70,229.04
$0.00
$0.00
$70,229.04
Page 1

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF OCTOBER 31, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20560-57820 WHS TURF FIELD & TRACK
$0.00
$1,200,000.00
$0.00
$1,200,000.00
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
$1,252,300.00
$0.00
$1,252,300.00
20560-57841 BUS LOT OFFICE
$0.00
$150,000.00
$0.00
$150,000.00
20560-57842 SCHOOL SECURITY
$276,920.28
$0.00
$0.00
$276,920.28
20560-57884 CHROMEBOOK & IPAD EQUIPMENT
$608.00
$0.00
$0.00
$608.00
20560-57891 ENERGY EFFICIENCY PROGRAM     
$0.00
$243,335.00
$0.00
$243,335.00
20560-57892 HVAC EVALUATION/REMIDATION    
$0.00
$85,000.00
$0.00
$85,000.00
20560-57893 GREAT NECK SCHOOL FIELD DRAINAGE
$0.00
$278,750.00
$0.00
$278,750.00
20500-49000 TRANSFERS IN 
$0.00
$0.00
$0.00
$0.00
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$622,195.05
$622,195.05
TOTAL
$3,344,454.88
$4,853,626.88
$801,766.11
$8,999,847.87
 
Page 2

Insurance 
Administration Fund
Balance Sheet
October 31, 2024
Assets
   Cash and Cash Equivalents
2,516,675
   Accounts Receivable
2,982
Total Assets
2,519,657
Liabilities
   Accrued Liabilities (IBNR)
864,000
   Due to other funds
1,016,137
   Advance Payments
10,800
Total Liabilities
1,890,937
Net Assets
   Unrestricted
$628,719
Total Net Assets
$
$628,719
Note: Healthcare entry for FY25 is not posted yet