BOF Regular Meeting Agenda & Backup *REVISED*

S:Finance:Board of Finance/Meeting Schedule/BOF Meeting Schedule 2024 
 
 
BOARD OF FINANCE 
MEETING SCHEDULE 
CALENDAR YEAR 2024 
 
ALL MEETINGS WILL BE HELD AT 7:00 P.M. UNLES OTHERWISE NOTED 
January 10, 2024 
 
 
Regular Meeting 
February 14, 2024 
 
 
Regular Meeting 
February 28, 2024 
 
 
Budget Hearing 
March 4, 2024  
 
 
Budget Hearing 
March 6, 2024  
 
 
Budget Hearing 
March 11, 2024  
 
 
Budget Hearing 
March 13, 2024  
 
 
Regular Monthly Meeting  
(Followed by Budget Hearing) 
 
March 13, 2024  
 
 
Budget Hearing 
March 18, 2024  
 
 
Budget Hearing 
March 20, 2024  
 
 
Budget Hearing 
March 25, 2024 
Public Hearing on the budget followed by 
Special Meeting for Final Budgetary Action 
April 10, 2024  
Regular Meeting 
May 6, 2024  
RTM Annual Budget Meeting (anticipated to be 
conducted May 6th through 13th) 
May 22, 2024 
Regular Meeting (Fourth Wednesday) 
June 12, 2024 
Regular Meeting 
July 17, 2024 
Regular Meeting (Third Wednesday) 
August 14, 2024 
Regular Meeting 
September 11, 2024 
Regular Meeting 
October 9, 2024 
Regular Meeting 
November 13, 2024 
Regular Meeting 
December 11, 2024 
Regular Meeting 

S:Finance: Board of Finance-grm/Meeting Schedule/Budget Hearing Schedule 
 
 
BOARD OF FINANCE 
BUDGET HEARING SCHEDULE 
FISCAL YEAR 2024/2025 
 
Wednesday, February 28, 2024 .....................Library 
 
Police Department 
 
Emergency Management 
 
Fire Services 
 
Board of Finance 
 
Contingency 
Monday, March 4, 2024 ................................Ethics Commission 
 
Conservation of Health  
 
Public Health & Nursing 
 
Miscellaneous Social Grants 
 
Youth Services 
 
Senior Citizens 
 
Recreation and Parks 
 
Wednesday, March 6, 2024 ...........................Economic Development 
 
Conservation Commission 
 
Planning and Zoning 
 
Zoning Board of Appeals 
 
Building Department 
 
Flood and Erosion Control 
 
Review Projected Revenue 
Monday, March 11, 2024…………………...Human Resources 
Finance Department 
Retirement 
Insurance 
Legal 
 
Information Technology 
 
Wednesday. March 13, 2024  ........................Regular Meeting  
 
Wednesday, March 13, 2024  ........................Registrar of Voters 
 
Assessor 
 
Board of Assessment Appeals 
 
Tax Collector 
 
 
Town Clerk 
 
Representative Town Meeting 
 
Board of Selectmen 
 
Monday, March 18, 2024...............................Building Maintenance 
 
Public Works 
 
Capital Improvements 
 
Debt Service 
 
Transfers to Capital and Non-Recurring 
Wednesday, March 20, 2024 .........................Board of Education 
Monday, March 25, 2024...............................Board of Finance Public Hearing on Budget Followed by                       
Special Meeting for Final Budgetary Action  
Monday, May 6, 2024 ....................................RTM Annual Budget Meeting                                                    
(anticipated to be conducted May 6th through May 13th) 
All Board of Finance Meetings will be held at the Waterford Town Hall at 7:00 p.m. and end at 10:30 p.m. 
unless otherwise noted. All budgets are due in the Finance Office on December 8, 2023 WITH NO 
EXCEPTIONS. 

S:Finance:Board of Finance/Meeting Schedule/BOF Meeting Schedule 2025 
 
 
BOARD OF FINANCE 
MEETING SCHEDULE 
CALENDAR YEAR 2025 
 
ALL MEETINGS WILL BE HELD AT 7:00 P.M. UNLESS OTHERWISE NOTED 
January 15, 2025 
 
 
 
Regular Meeting 
February 12, 2025 
 
 
 
Regular Meeting 
February 26, 2025 
 
 
 
Budget Hearing 
March 3, 2025  
 
 
 
Budget Hearing 
March 5, 2025  
 
 
 
Budget Hearing 
March 10, 2025  
 
 
 
Budget Hearing 
March 12, 2025  
 
 
 
Regular Monthly Meeting  
(Followed by Budget Hearing) 
 
March 12, 2025  
 
 
 
Budget Hearing 
March 17, 2025  
 
 
 
Budget Hearing 
March 19, 2025  
 
 
 
Budget Hearing 
March 24, 2025 
Public Hearing on the budget 
followed by Special Meeting for 
Final Budgetary Action 
April 9, 2025  
 
 
Regular Meeting 
May 5, 2025  
RTM Annual Budget Meeting 
(anticipated to be conducted 
May 5th through 12th) 
May 28, 2025 
Regular Meeting (Fourth 
Wednesday) 
June 11, 2025 
 
 
Regular Meeting 
July 16, 2025 
Regular Meeting (Third 
Wednesday) 
August 13, 2025 
 
 
Regular Meeting 
September 10, 2025 
 
 
Regular Meeting 
October 8, 2025 
 
 
Regular Meeting 
November 12, 2025 
 
 
Regular Meeting 
December 10, 2025 
 
 
Regular Meeting 

S:Finance: Board of Finance-grm/Meeting Schedule/Budget Hearing Schedule 
 
 
BOARD OF FINANCE 
BUDGET HEARING SCHEDULE 
FISCAL YEAR 2025/2026 
 
Wednesday, February 26, 2025 .....................Library 
 
Police Department 
 
Emergency Management 
 
Fire Services 
 
Board of Finance 
 
Contingency 
Monday, March 3, 2025 ................................Ethics Commission 
 
Conservation of Health  
 
Public Health & Nursing 
 
Miscellaneous Social Grants 
 
Youth Services 
 
Senior Citizens 
 
Recreation and Parks 
 
Wednesday, March 5, 2025 ...........................Economic Development 
 
Conservation Commission 
 
Planning and Zoning 
 
Zoning Board of Appeals 
 
Building Department 
 
Flood and Erosion Control 
 
Review Projected Revenue 
Monday, March 10, 2025…………………...Human Resources 
Finance Department 
Retirement 
Insurance 
Legal 
 
Information Technology 
 
Wednesday. March 12, 2025  ........................Regular Meeting  
 
Wednesday, March 12, 2025  ........................Registrar of Voters 
 
Assessor 
 
Board of Assessment Appeals 
 
Tax Collector 
 
 
Town Clerk 
 
Representative Town Meeting 
 
Board of Selectmen 
 
Monday, March 17, 2025...............................Building Maintenance 
 
Public Works 
 
Capital Improvements 
 
Debt Service 
 
Transfers to Capital and Non-Recurring 
Wednesday, March 19, 2025 .........................Board of Education 
Monday, March 24, 2025...............................Board of Finance Public Hearing on Budget Followed by                       
Special Meeting for Final Budgetary Action  
Monday, May 5, 2025 ....................................RTM Annual Budget Meeting                                                    
(anticipated to be conducted May 5th through May 12th) 
All Board of Finance Meetings will be held at the Waterford Town Hall at 7:00 p.m. and end at 10:30 p.m. 
unless otherwise noted. All budgets are due in the Finance Office on December 13, 2024 WITH NO 
EXCEPTIONS. 


October 3, 2024 
 
To BOF Members: 
 
Some notes after reviewing several other Municipality’s Appropriation Transfer Policies for 
discussion purposes at the October 9th meeting.  
 
Copies of the policies are attached. Thanks to Josh Kelley who queried CCM on the Board’s 
behalf for the info. 
 
The first common thread in the examples is that the transfer rules are codified as 
ORDINANCES and that certain transfers required approval from the legislative body in 
Town, unlike here in Waterford. 
 
The second common thread is the diUerentiation of inter-department transfers vs intra-
department transfers and how they are handled. 
 
• 
Inter-Department Transfers: 
o Berlin, Enfield, Norwich, Hartford  
§ 
transfers only in the last 3 months of the fiscal year as approved by 
Town Manager and Town Counci 
o Shelton 
§ 
transfers only in the last 30 days of the fiscal year as approved 
by Board of Apportionment and Taxation and the Board of Alderman 
o South Windsor 
§ 
transfer without any timing restriction during the fiscal year as 
approved by the City Council 
 
 
• 
Intra-Department transfers 
o Berlin  
§ 
transfers < $5000 submitted to the Town Manager. 
§ 
transfers >= $5000 submitted to theTown Manager, and if approved,  to 
the Town Council 
o Hartford, Norwich, South Windsor, City Manager  
§ 
all transfers submitted to City Manager 
o Enfield 
§ 
all transfers submitted to the Town Council  
o Shelton 
§ 
all transfers submitted to the Board of Apportionment and Taxation  
 
Thanks 
r/ Glenn 

Town of Berlin 
 
 
 
 
 
 
 
  Code of Ordinances 
 
Section 7-10.  Non-Budgeted Appropriations and Transfers. 
Subject to the limits provided in this section, the Council may at any time appropriate 
unbudgeted, unencumbered and contingency funds in the town treasury. Approval of a Town 
Meeting is required before the Council may vote on any non-budgeted appropriation greater than 
twenty-five thousand ($25,000.00) dollars or any non-budgeted appropriation which would cause 
the total of such non-budgeted appropriation during a given fiscal year to exceed two hundred 
fifty thousand ($250,000.00) dollars. 
The Council may transfer the whole or any part of the unencumbered balance of any 
appropriation, except for the Department of Education appropriations, to any other department 
for which the Council may legally appropriate money. However, such a transfer may be made 
from budget appropriations only in the last three (3) months of the fiscal year, and there shall be 
attached to the ordinance making the transfer a certificate of the Manager that such transfer is 
necessary, with the reasons therefor. Transfer of unencumbered funds from one item of a 
department budget to another item of the same budget may be made by a department head with 
the approval of the Manager and the Council. 
The Manager is authorized to make transfers from one line item to another within any division of 
a department budget subject to the following guidelines: 
(1)   No transfers will be made to hire additional staffing that has not been properly authorized by 
the Council; 
(2)   Transfers will not be made to purchase major pieces of equipment such as vehicles and 
machinery, or items, specifically deleted by the Council; 
(3)   The Manager's authority to transfer shall be limited to the amount of five thousand 
($5,000.00) dollars for any single transfer 
 
SAMPLE

Town of Enfield 
 
 
 
 
 
 
 
  Code of Ordinances 
 
(f)   Transfer of funds.  When any department, commission, board or officer shall desire to secure a 
transfer of funds set apart for one specific purpose to another, before incurring any expenditure 
therefor, such department, commission, board or officer shall make application to the council whose 
duty it shall be to examine into the matter and upon approval of the council such transfer may be made 
but not otherwise. Upon the request of the manager, but only within the last three (3) months of the 
fiscal year, the council may by resolution transfer any unencumbered appropriation, balance or portion 
thereof from one department, commission, board or office to another. No transfer shall be made from 
any appropriation for debt service and other statutory charges.  
SAMPLE

City of Hartford 
 
 
 
 
 
 
Code of Ordinances 
 
Sec. 2-512. - Transfers of appropriations. 
 
The city manager may at any time transfer any unencumbered appropriation balance or portion 
thereof from one (1) classification of expenditure to another within the same department, office 
or agency. At the request of the city manager, but only within the last three (3) months of the 
fiscal year, the council may by resolution transfer any unencumbered appropriation balance or 
portion thereof from one (1) department, office or agency to another. 
 
(Code 1977, § 2-242) 
 
Charter reference— Transfers of appropriations, Ch. VI, § 12. 
SAMPLE

City of Norwich  
 
 
 
 
 
 
 
  Code of Ordinances 
 
 
Sec. 13.  Transfers of appropriations. 
The chief executive officer of the city may at any time transfer any unencumbered appropriation 
balance or portion thereof from one classification of expenditure to another within the same 
department, office or agency. At the request of the chief executive officer of the city, but only 
within the last three months of the fiscal year, the council may by resolution transfer any 
unencumbered appropriation balance or portion thereof from one department, office or agency to 
another, provided, however, that the chief executive officer of the city or the council shall not 
transfer any unencumbered appropriation balance or portion thereof from one consolidation 
district to the other. 
 
SAMPLE

City of Shelton 
 
 
 
 
 
 
 
Code of Ordinances 
 
Section 7.10. - Financial Procedures. 
 
(a) 
 
No person or department shall obligate the City to spend money for any purpose in excess of the 
amount appropriated for that purpose until the expenditure has been approved by the Board of 
Aldermen. 
 
(b) 
 
If the Board of Aldermen shall approve the over-expenditure of a departmental budget, it shall 
provide an additional appropriation therefor pursuant to either Section 7.9(a), Section 7.9(b), or 
Section 7.9(c) unless the Finance Director certifies that there will be an excess in other 
departmental budgets at the end of the fiscal year. 
 
(c) 
 
During the last thirty (30) days of each fiscal year, the Board of Aldermen, upon the 
recommendation of the Finance Director and the Board 20 of Apportionment and Taxation, may 
transfer unexpended and unencumbered balances from one departmental appropriation to 
another, provided that no transfer shall be made in a departmental budget if the department head 
certifies in writing to the Board of Aldermen that any remaining monies are required for the 
necessary operation of his department and provided further that no transfer shall be made from 
the appropriation of the Board of Education. 
 
(d) 
 
The Board of Apportionment and Taxation shall consider and approve or disapprove all line item 
transfers within a Department budget during the fiscal year. No transfer shall be made from any 
appropriation for debt service or other statutory charges. 
 
(e) 
 
Any portion of an annual appropriation remaining unexpended and unencumbered at the close of 
the fiscal year shall lapse. Appropriations for permanent improvements shall not lapse until the 
purpose for which the appropriation was made shall have been accomplished or abandoned; 
provided any such project shall be deemed to have been abandoned if three (3) years shall elapse 
without any expenditure from or encumbrance of the appropriation for the project. The Board of 
Apportionment and Taxation and Director of Finance shall review such appropriation to verify 
its termination. 
 
(f) 
 
SAMPLE

Any payment made in violation of the provisions of this Charter shall be illegal and every 
official authorizing or making such payment, and every person receiving such payment or any 
part, shall be jointly and severally liable to the City for the full amount so paid or received. 
SAMPLE

Town of South Windsor 
 
 
 
 
 
 
  Code of Ordinances 
 
Section 711.  Transfer of appropriations. 
The council may transfer the whole or any part of the unencumbered balance of any 
appropriation, except for Board of Education appropriations, to any other department for which 
the council may legally appropriate money. Transfer of unencumbered funds from one item of a 
department budget to another item of the same budget may be made by a department head with 
the approval of the Manager. 
 
SAMPLE

Town of Trumbull 
 
 
 
 
 
 
 
  Code of Ordinances 
 
CHAPTER V.  APPROPRIATIONS FROM THE GENERAL FUND AND THE CAPITAL 
AND NONRECURRING 
FUND DURING THE COURSE OF 
THE FISCAL YEAR 
 
Section 1.  Transfer of funds. 
No expenditure shall be made by any department or Town official except in accordance with the 
appropriation items set forth in the budget, or supplemental appropriations as provided herein. 
The head of any department of Town government seeking a transfer of funds between different 
appropriation items within any department shall file a petition for such a transfer with the Board 
of Finance which shall have the authority to make such an appropriation transfer, provided, 
however, that by any such act the total appropriation for the Department shall not be increased. 
The head of any department of Town government or the Council shall have the right to initiate 
proceedings for a supplemental appropriation during the course of the fiscal year. The right of 
the department head shall be to seek a supplemental appropriation for the department which 
he/she heads. The Town Council shall have the right to seek a supplemental appropriation for 
any department of Town government or the Town Council. 
 
The party seeking such a supplemental appropriation shall file a petition therefor with the First 
Selectman who shall, within ten (10) days after receipt of such a petition, endorse thereon his/her 
approval or disapproval, or if his/her approval is for a sum less than the amount requested, the 
amount which is in fact approved by him, and shall file the same with the Chairman of the Board 
of Finance. If the First Selectman shall fail to act as hereinbefore set forth, then the petition filed 
with him by the department head or by the Town Council shall be deemed approved. 
Within forty-five (45) days after the date on which the First Selectman shall be required to act, 
the Board of Finance shall consider and act upon the petition by denying the same, granting the 
same as petitioned or granting the same for a sum less than petitioned. 
 
Any action by the Board of Finance on any such matter shall go to the Council for review and 
action as hereinafter set forth if the same involves: 
(a)   An appropriation for capital or nonrecurring expenditures; or 
(b)   An appropriation from the general fund for a sum in excess of two thousand dollars 
($2,000.00); or 
(c)   If the same involves an appropriation from the general fund to any department which 
has received supplemental appropriations from the general fund during the course of any 
fiscal year the sum total of which is in excess of the sum of ten thousand dollars 
($10,000.00); or 
(d)   Upon petition by the First Selectman where the Board of Finance has failed to 
approve any petition as approved by the First Selectman. 
The Council shall act upon any such appropriation item not later than forty-five (45) days after 
action thereon by the Board of Finance provided that its authority shall be limited to 
authorization of funds no greater than that requested by the First Selectman or considered by the 
Board of Finance, or as provided in subsection (d) above. 
SAMPLE

Action of the Council with respect to the transfer of funds, appropriations from the general fund, 
and transfers from the Capital and Nonrecurring Fund, shall be subject to the provisions of 
Chapter II, concerning approval by the First Selectman. 
 
SAMPLE

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH AUGUST 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  AUGUST 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
$0
0.00%
(326,444)
$0
HEALTH & WELFARE
$6,359
$0
0.00%
(6,359)
$0
SUB TOTAL
332,803
0
0.00%
(332,803)
0
GENERAL GOVERNMENT
PILOT-DISABLED
1,200
0
0.00%
(1,200)
$0
TIERED PILOT 
347,575
0
0.00%
(347,575)
$0
TAX RELIEF-VETERANS
5,000
0
0.00%
(5,000)
$0
CIVIL PREPAREDNESS
23,000
0
0.00%
(23,000)
$0
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
0
0.00%
(14,000)
$3,526
ENHANCEMENT 911
22,500
5,649
25.11%
(16,851)
$5,646
MUNICIPAL REVENUE SHARE GRANT
315,978
0
0.00%
(315,978)
$0
GRANTS FOR MUNICIPAL PROJECTS
34,255
0
0.00%
(34,255)
$0
TOTAL GENERAL GOVERNMENT
1,320,418
166,329
12.60%
(1,154,089)
169,852
TOTAL STATE OF CONNECTICUT
1,653,221
166,329
10.06%
(1,486,892)
169,852
OTHER SOURCES
EDUCATION
RENT & MISCELLANEOUS
1,500
0
0.00%
(1,500)
0
SUB TOTAL
1,500
0
0.00%
(1,500)
0
GENERAL GOVERNMENT
INTEREST & LIENS
381,744
60,509
15.85%
(321,235)
66,634
INTEREST ON INVESTMENTS
2,000,000
498,884
24.94%
(1,501,116)
546,300
RECREATION & PARKS
202,001
89,963
44.54%
(112,038)
153,190
FIRE SERVICES INSPECTIONS & PLAN FEES
7,320
7,670
104.78%
350
0
BUILDING INSPECTOR
530,591
178,066
33.56%
(352,525)
96,122
LICENSE, FEE, PERMIT, FINE
18,320
3,129
17.08%
(15,192)
2,832
LIBRARY
0
281
#DIV/0!
281
286

TOWN OF WATERFORD
STATEMENT OF REVENUES COMPARED TO ANTICIPATED
FOR FISCAL YEAR 2024-2025, THROUGH AUGUST 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  AUGUST 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
25,745
22.99%
(86,255)
22,233
MISCELLANEOUS
50,000
10,864
21.73%
(39,136)
11,400
CONVEYANCE TAX
200,000
74,146
37.07%
(125,854)
55,927
EMS-REG COMM CTR FEES
6,000
0
0.00%
(6,000)
0
PLANNING& ZONING, ZBA, CONSRV COMM
55,980
25,812
46.11%
(30,168)
4,066
TOWN CLERK FEES
175,000
27,651
15.80%
(147,350)
27,448
TIPPING FEES
275,000
0
0.00%
(275,000)
0
RECYCLING
50,000
0
0.00%
(50,000)
0
EUGENE O'NEILL GATE/LEASE REVENUE
10,000
0
0.00%
(10,000)
0
AMBULANCE OPERATING SUBSIDY
6,000
0
0.00%
(6,000)
0
YSB BOE CLERICAL STIPEND
5,000
0
0.00%
(5,000)
0
RENTAL OF BUILDINGS
50,000
14,968
29.94%
(35,032)
13,974
SENIOR SERVICES
10,198
4,659
45.69%
(5,539)
3,264
VERSA KART/BLUE BOXES
8,000
900
11.25%
(7,100)
2,060
PUBLIC WORKS BOE CUSTODIAL SUBSIDY
75,927
75,927
100.00%
0
73,218
SUB TOTAL
4,230,081
1,099,173
25.98%
(3,130,908)
1,078,954
TOTAL OTHER SOURCES
4,231,581
1,099,173
25.98%
(3,132,408)
1,078,954
PROPERTY TAXATION
CURRENT PROPERTY TAX
99,867,307
72,922,334
73.02%
(26,944,973) 71,211,439
PRIOR YEAR TAXES
486,849
12,856
2.64%
(473,993)
13,004
TOTAL PROPERTY TAXATION
100,354,156
72,935,190
72.68%
(27,418,966) 71,224,443
FUND BALANCE APPLIED
1,000,000
0
0.00%
(1,000,000)
0
TOTAL REVENUES
107,238,958
74,200,692
69.19%
(33,038,266) 72,473,249

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH AUGUST 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  AUGUST 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
$30,347
14.70%
176,058
$27,442
Registrar of Voters
$96,525
$22,581
23.39%
73,944
$12,629
Board of Finance
$80,713
$77,124
95.55%
3,589
$65,168
Assessor
$311,713
$45,120
14.47%
266,593
$38,333
Board of Assessment Appeals
$1,742
$169
9.71%
1,573
$13
Tax Collector
$232,331
$60,963
26.24%
171,368
$51,211
Finance Department
$767,856
$220,537
28.72%
547,319
$194,954
Legal Department
$295,000
($1,311)
-0.44%
296,311
$70,440
Town Clerk
$264,849
$61,965
23.40%
202,884
$54,351
Planning and Zoning
$686,543
$103,300
15.05%
583,243
$86,116
Building Maintenance
$895,824
$429,323
47.92%
466,501
$328,705
Insurance
$4,962,182
$1,784,223
35.96%
3,177,959
$1,342,632
Economic Development Commission
$25,267
$9,583
37.93%
15,684
$9,419
Conservation Commission
$18,250
$1,306
7.16%
16,944
$1,211
Zoning Board of Appeals
$4,310
2,980
69.15%
1,330
2,969
Retirement Commission
$7,760,257
$2,984,824
38.46%
4,775,433
$2,323,790
R.T.M.
$18,903
$13,137
69.50%
5,766
$13,304
Building Department
$326,532
$48,733
14.92%
277,799
$41,039
Youth Service Bureau
$294,579
$51,564
17.50%
243,015
$62,324
Social Service Grants/Miscellaneous
$98,960
$89,759
90.70%
9,201
$125,214
Contingency Fund
$191,273
0
0.00%
191,273
0
Emergency Management
$1,196,762
$176,592
14.76%
1,020,170
$142,664
Fire Services
$3,681,652
$1,346,518
36.57%
2,335,134
$1,204,698
Police Department
$7,015,644
$1,179,370
16.81%
5,836,274
$974,938
Public Works Department
$5,086,238
$1,992,028
39.17%
3,094,210
$1,567,716
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
77,593
16.12%
403,655
99,983
Waterford Public Library
$1,006,837
$163,216
16.21%
843,621
$175,681
Page 1 of 2

GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET
FOR FISCAL YEAR 2024-2025, THROUGH AUGUST 31, 2024
WITH COMPARATIVE ACTUAL AMOUNTS
FOR FISCAL YEAR 2023-2024, THROUGH  AUGUST 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
Recreation and Parks
$1,480,330
$447,587
30.24%
1,032,743
$366,730
Flood and Erosion Control Bd.
$1,109
0
0.00%
1,109
0
Ethics Commission
$900
205
22.73%
695
47
Human Resources
$264,204
$112,553
42.60%
151,651
$101,268
Information Technology
$1,231,423
$339,608
27.58%
891,815
$570,814
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
$938,399
$938,399
100.00%
0
$581,250
Transfer to Dog Fund
$100,000
$100,000
100.00%
0
$100,000
Debt Service
$8,109,746
$6,529,307
80.51%
1,580,439
$6,454,468
Total General Government
$49,745,585
$21,076,579
42.37%
$28,669,006
$19,861,714
Board of Education
$57,611,181
$6,444,210
11.19%
51,166,971
$2,881,332
Total General Fund
$107,356,766
$27,520,788
25.63%
$79,835,978
$22,743,046
Page 2 of 2

TOWN OF WATERFORD
STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCE
FLEET MANAGEMENT FUND
AS OF  AUGUST 31, 2024
  
Revenues:
   Investment Income
39,861
   Vehicle Rentals
10,775
   Sale of Vehicles
2,025
Total Revenues
52,661
Expenditures:
   Equipment Replacement
171,490
   Vehicle Replacement
1,983,376
Total Expenditures
2,154,866
Excess (Deficiency) of Revenues Over Expenditures
(2,102,205)
Other Financing Sources (Uses):
   Transfers from other funds
1,000,000
Total Other Financing Sources (Uses)
1,000,000
Net Change in Fund Balances
(1,102,205)
Fund Balances - Beginning
3,501,938
Fund Balances - Ending
2,399,733

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE AND APPROPRIATION
AS OF AUGUST 31, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
20501-57018 PURCHASE 8 GOSHEN ROAD
$6,314.00
$0.00
$0.00
$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
$62,045.00
$0.00
$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
$72,046.35
$0.00
$0.00
$72,046.35
20511-57885 COMMUNITY CENTER BMS PROJECT
$51,050.00
$0.00
$0.00
$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
$50,018.56
$0.00
$0.00
$50,018.56
20523-57791 JORDAN-TRAFFIC LIGHT UPGRADE
$0.00
$25,000.00
$0.00
$25,000.00
20523-57792 OSWEGATCHIE-BUILDING RENOVATIONS
$602,241.42
$0.00
$0.00
$602,241.42
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
$282,042.07
$0.00
$0.00
$282,042.07
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
$445,183.46
$200,000.00
$0.00
$645,183.46
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
$37,500.00
$0.00
$37,500.00
20547-57847 TOWN-WIDE CAMERA SYSTEM
$0.00
$86.00
$0.00
$86.00
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
$0.65
$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 AUGUST 31, 2024
APPROPRIATED
DESIGNATED
UNDESIGNATED
TOTAL 
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
$280,219.59
$0.00
$0.00
$280,219.59
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
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$799,549.77
$799,549.77
TOTAL
$3,601,762.65
$2,240,507.88
$799,549.77
$6,641,820.30
 
Page 2

TOWN OF WATERFORD
CAPITAL AND NON-RECURRING EXPENDITURE FUND
FUND BALANCE DESIGNATION AND APPROPRIATION
JULY 1,2024 TO JUNE 30,2025
AS OF AUGUST 31,2024
BEGINNING 
FY25 RTM
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2024-2025
ENCUMBERED/
INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
INC
APPROPRIATED
DESIGNATED UNDESIGNATED
20501-57018
PURCHASE 8 GOSHEN ROAD
$6,314.00
$0.00
$0.00
$6,314.00
$0.00
$0.00
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
$0.00
$62,045.00
$0.00
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
$142,780.69
$72,046.35
$0.00
$0.00
20511-57885
COMMUNITY CENTER BMS PROJECT
$51,050.00
$0.00
$0.00
$51,050.00
$0.00
$0.00
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
$50,018.56
$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
$602,241.42
$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
$573,831.18
$282,042.07
$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
$46,620.18
$445,183.46
$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 AUGUST 31,2024
BEGINNING 
FY25 RTM
AVAILABLE 
BALANCE
XFER IN
FISCAL YEAR 2024-2025
ENCUMBERED/
INTEREST 
TO DATE
 
APPROPRIATIONS
DESIGNATED
UNDESIGNATED
DESIGNATED APPROPRIATED
DESIGNATED UNDESIGNATED
EXPENDED
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
$0.00
$37,500.00
$0.00
20547-57847
TOWN-WIDE CAMERA SYSTEM
$84,914.00
$86.00
$0.00
$84,914.00
$0.00
$86.00
$0.00
20547-57860
PHONE SYSTEM UPGRADE
$44,076.06
$16,000.00
$0.00
$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
$0.65
$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
20560-57822
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
$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
$1,899,160.74
$0.00
$0.00
$1,618,941.15
$280,219.59
$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
205-31520
UNDESIGNATED FUND BALANCE
$0.00
$0.00
$693,566.03
$105,983.74
$0.00
$0.00
$799,549.77
 
$8,780,820.26
$1,352,108.88
$693,566.03
$938,399.00
$50,000.00
($50,000.00)
$0.00
$5,229,057.61
$105,983.74
$3,601,762.65
$2,240,507.88
$799,549.77
Page 2

TOWN OF WATERFORD
CAPITAL IMPROVEMENT FUND
 AUGUST 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
39,200.00
260,800.00
13.1%
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
87,811.29
(311.29)
100.4%
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
12,750.00
12,250.00
51.0%
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
0.00
153,000.00
0.0%
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
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
47,918.59
5,370.41
89.9%
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
11,787.17
21,632.83
35.3%
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
 AUGUST 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
0.00
25,000.00
0.0%
33122-55894
UTILITY COMM FY22
CONTROL PANEL RETRO-FIT (GORMA
30,000.00
29,378.69
621.31
97.9%
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
10,500.00
0.0%
34723-55021
INFORMATION TECHNOLOGY  FY23
AUDITORIUM MEETING ROOM UPDATES
272,000.00
93,127.62
178,872.38
34.2%
34724-55910
INFORMATION TECHNOLOGY  FY24
NEXGEN TRANSITION             
309,520.00
302,783.90
6,736.10
97.8%
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
3,519,601.37
3,286,311.27
51.7%
1,000,000.00
PRIOR YEAR EXPENDITURES
2,523,101.04
CURRENT YEAR EXPENDITURES
996,500.33
Page 2 of 2

TOWN OF WATERFORD
CAPITAL PROJECTS FUNDS
AUGUST 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
August 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 
RODEO
GENERAL 
BENCHES
 MEMORIAL
DOG PARK
PLAYGROUND
MEMORIAL
TOY BOX
BOX
FISCAL YEAR 2025
DONATIONS DONATIONS DONATIONS DONATIONS DONATIONS
DONATIONS
DONATIONS DONATIONS
DONATIONS
REVENUES
REC & PARKS PLAYGROUND DONATIONS
$10,000.00
K9 DONATIONS
POLICE DEPT. GENERAL DONATIONS
TOTAL REVENUES
$0.00
$0.00
$0.00
$0.00
$0.00
$10,000.00
$0.00
$0.00
$0.00
EXPENDITURES
08/16/24  LETS CORP 
08/04/24 JP MORGAN CHASE
08/04/24 JP MORGAN CHASE
08/30/24 MARK KOSMAN DESIGN
TOTAL EXPENDITURES
$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
$0.00
$0.00
$0.00
$10,000.00
$0.00
$0.00
$0.00
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
CURRENT YEAR BALANCE
$594.72
$129.60
($1,053.61)
$65.00
$760.97
$70,486.32
$1,140.00
$220.00
$8,310.00
Page 1 of 2

Contributed Gifts Fund
August 31, 2024
FISCAL YEAR 2025
REVENUES
REC & PARKS PLAYGROUND DONATIONS
K9 DONATIONS
POLICE DEPT. GENERAL 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
TOTAL EXPENDITURES
NET CURRENT YEAR ACTIVITY
PRIOR YEAR BALANCE
CURRENT YEAR BALANCE
FINANCE
POLICE
POLICE
POLICE
POLICE
POLICE
R&P
DEPT.
DEPT.
DEPT.
DEPT.
PUBLIC 
CEMETERY
AUDITORIUM
AUSTISM
VEHICLE
K-9
GENERAL 
SAFETY
DONATIONS
A/V UPGRADE TRAINING  CHALLENGE  PROGRAM DONATIONS
 DOCK
TOTAL
$50.00
$651.59
$0.00
$0.00
$0.00
$0.00
$50.00
$651.59
$0.00
$10,701.59
$4,995.00
$180.47
$42.50
$241.00
$0.00
$0.00
$0.00
$0.00
$283.50
$5,175.47
$0.00
$5,458.97
$0.00
$0.00
$0.00
$0.00
($233.50)
($4,523.88)
$0.00
$5,242.62
$100.00
$151.00
$1,700.00
$780.11
$4,424.54
$13,239.38
$7.04
$91,055.07
$100.00
$151.00
$1,700.00
$780.11
$4,191.04
$8,715.50
$7.04
$96,297.69
Page 2 of 2

Insurance 
Administration Fund
Balance Sheet
August 31, 2024
Assets
   Cash and Cash Equivalents
4,182,859
   Accounts Receivable
2,907
Total Assets
4,185,766
Liabilities
   Accrued Liabilities (IBNR)
727,000
   Due to other funds
899,311
   Advance Payments
11,601
Total Liabilities
1,637,912
Net Assets
   Unrestricted
$2,547,854
Total Net Assets
$
$2,547,854
Note: IBNR is not adjusted for FY24 yet; Healthcare entry for FY25 is not posted yet

















1 | P a g e  
 
 
FIFTEEN ROPE FERRY ROAD   
WATERFORD, CT 06385-2886 
 
 
 
 
BOARD OF FINANCE 2025-2026 BUDGET REQUEST GUIDELINES  
 
 
DATE:  September, 2024 
 
BUDGET REQUESTS NOT ADEQUATELY PRESENTED OR JUSTIFIED MAY BE RETURNED, REDUCED, OR 
SIMPLY NOT APPROVED. 
 
SECTION A:  GENERAL INSTRUCTIONS 
 
All Town departments, boards, commissions and agencies are directed to use the following 
guidelines, attachments, and forms in the preparation of your Fiscal Year 2025-2026 budget.   
 
1. Every budget line item should be justified and explained to the maximum extent possible.  
The amount requested should not be a percentage increase from the previous year’s 
expenditure.  This includes detailed lists of all expenditures using, as a minimum, the previous 
24 months’ values.  For certain measurable items such as electricity, heat and gasoline, a 
minimum of 24 months of history should be disclosed to justify the volume of units used in 
calculating the need for FY2026. Please include the number of units being used to calculate 
your 2026 budget request.  If anomalies exist causing the 24-month historical use to be 
inaccurate, do not use it; however, please include an explanation on how the proposed 
budgeted amount was calculated.    
 
When applicable and measurable, please report metrics which reflect the level of service 
being provided annually by your department, examples as per below. 
 
• Number of Personal Contacts (Rec & Park, Youth & Family, Seniors, Library) 
• Number and Type of Responses (Fire and Police) 
• Measures of Foot Traffic (Town Hall Offices) 
 
These are types of indicators which will help justify requested budgets and changes from year-
to year.  
 
2. Comparisons to prior year budgets should be based on what was appropriated by the RTM, 
(i.e. do not include mid-year appropriations).  Be sure to identify any new cost items that have 
not appeared in earlier budgets. 
 
3. To ensure purchase quality, provide consistency and to determine appropriate costs for each 
item, all budget requests for the purchase of any equipment or supplies MUST be reviewed by 

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

3 | P a g e  
 
9. Any organization that receives funds from source(s) other than the Town or anticipates 
receiving funds from source(s) other than the Town is requested to disclose the source(s), 
amount received/anticipated and how those funds are or will be used.  Any organization that 
receives funding from outside sources and does not disclose those sources is required to 
provide an explanation.  For each source of funding please provide the amount received in the 
previous fiscal year, the amount received or expected in the current fiscal year and any 
amount expected in the next fiscal year, including grants.  In addition, for grant funds, include 
the line item from which the funds were expended, as well as a projection of anticipated grant 
funds for the next fiscal year. 
 
• The Utility Commission must provide a copy of its Sewer Enterprise Fun’s current fiscal 
year operating budget and its projected operating budget for Fiscal Year 2025-2026. 
 
10. Director of Fire Services is requested to provide a summary by line item for each company.   
Individual fire company allocations should be detailed in each fire services account line.  A 
summary by account number for each fire company should be included at the end of the 
budget request. 
 
11. The Youth and Family S