HomeMy WebLinkAboutAnnual Financial Report - Enfield - 01_01_2025 - 12_31_2025 - CertifiedTown of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Authorization
Article 3, Section 30 of the General Municipal Law
***Every Municipal Corporation*** shall annually make a report of its financial condition to the
Comptroller. Such report shall be made by the Chief Fiscal Officer of such Municipal
Corporation***
1.
5.All reports shall be certified by the officer making the same and shall be filed with the
Comptroller*** it shall be the duty of the incumbent officer at the time such reports are required
to be filed with the Comptroller to file such report***
Certification Statement
I, Stephanie Redmond (LG500327000000B), hereby certify that I am the Chief Financial Officer of the
Town of Enfield, and that the information provided in the Annual Financial Report of the Town of Enfield
for the fiscal year ended 12/31/2025, is true and correct to the best of my knowledge and belief.
Table of contents
Financial Statements .....................................................................................................................1
A - General ..................................................................................................................2
DA - Highway Town-wide ..................................................................................................................19
H - Capital Projects ..................................................................................................................31
K - Schedule of Non-Current Government Assets ..................................................................................................................36
W - Schedule of Non-Current Government Liabilities ..................................................................................................................37
Supplemental Schedules .....................................................................................................................38
Statement of Indebtedness ..................................................................................................................39
Bond Repayment ..................................................................................................................41
Bank Reconciliation ..................................................................................................................42
Employee and Retiree Benefits ..................................................................................................................44
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Financial Statements
Financial information for the following funds and accounts groups are included in the Annual Financial Report filed by your
government for the fiscal year ended 2025 and has been used by the OSC as the basis for preparing this Annual Financial
Report for the fiscal year ended 2025:
List of funds being used
• A - General
• DA - Highway Town-wide
• H - Capital Projects
• K - Schedule of Non-Current Government Assets
• W - Schedule of Non-Current Government Liabilities
All amounts included in this Annual Financial Report for 2025 represent data filed by your government with OSC as
reviewed and adjusted where necessary.
1 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
A - General
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
200 - Cash $16,032.65 $15,287.06 $5,058.79
201 - Cash In Time Deposits $180,105.99 $572,292.66 $712,703.70
210 - Petty Cash $200.00 $200.00 -
Total for Cash and Cash Equivalents $196,338.64 $587,779.72 $717,762.49
Restricted Cash and Cash Equivalents
231 - Cash In Time Deposits Special Reserves $101.03 $74,347.81 $74,310.61
Total for Restricted Cash and Cash Equivalents $101.03 $74,347.81 $74,310.61
Investments
450 - Investments in Securities $287,301.57 --
Total for Investments $287,301.57 $0.00 $0.00
Restricted Investments
452 - Investments in Securities Special Reserves $76,187.23 --
Total for Restricted Investments $76,187.23 $0.00 $0.00
Net Other Receivables
380 - Accounts Receivable $8,084.37 $3,254.00 $6,027.07
Total for Net Other Receivables $8,084.37 $3,254.00 $6,027.07
2 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
Due From
391 - Due From Other Funds -$3,196.19 -
440 - Due from Other Governments
Tompkins County
$29,785.00 $4,830.45 $5,000.00
Total for Due From $29,785.00 $8,026.64 $5,000.00
Other Assets
480 - Prepaid Expenses $59,631.89 $55,340.71 $48,194.46
Total for Other Assets $59,631.89 $55,340.71 $48,194.46
Total for Assets $657,429.73 $728,748.88 $851,294.63
Total for Assets and Deferred Outflows $657,429.73 $728,748.88 $851,294.63
3 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable $20,383.60 $9,315.32 $11,859.29
601 - Accrued Liabilities $3,000.00 --
730 - Guaranty & Bid Deposits $69,924.57 $64,924.10 $64,891.64
Total for Payables $93,308.17 $74,239.42 $76,750.93
Due to
630 - Due To Other Funds $615.00 $225.78 -
718 - State Retirement $231.43 $1,398.16 $231.43
Total for Due to $846.43 $1,623.94 $231.43
Other Liabilities
688 - Other Liabilities -$25,000.00 $151,096.54
690 - Overpayments and Clearing Account -$4,490.00 $6,078.00
Total for Other Liabilities $0.00 $29,490.00 $157,174.54
Total for Liabilities $94,154.60 $105,353.36 $234,156.90
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form $59,631.89 $55,340.71 $48,194.46
4 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
Total for Nonspendable Fund Balance $59,631.89 $55,340.71 $48,194.46
Restricted Fund Balance
878 - Capital Reserve $76,288.26 $74,347.81 $74,310.61
Total for Restricted Fund Balance $76,288.26 $74,347.81 $74,310.61
Assigned Fund Balance
914 - Assigned Appropriated Fund Balance $182,500.00 $125,000.00 $76,180.00
Total for Assigned Fund Balance $182,500.00 $125,000.00 $76,180.00
Unassigned Fund Balance
917 - Unassigned Fund Balance $244,854.98 $368,707.00 $418,452.66
Total for Unassigned Fund Balance $244,854.98 $368,707.00 $418,452.66
Total for Fund Balance $563,275.13 $623,395.52 $617,137.73
Total for Liabilities, Deferred Inflows and Fund Balances $657,429.73 $728,748.88 $851,294.63
5 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $578,792.00 $615,665.00 $582,663.00
Total for Property Taxes $578,792.00 $615,665.00 $582,663.00
Property Tax Items
1081 - Other Payments In Lieu of Taxes $27,120.80 $9,482.70 $9,168.16
1090 - Interest and Penalties on Real Prop Taxes $2,405.63 $2,586.19 $1,914.08
Total for Property Tax Items $29,526.43 $12,068.89 $11,082.24
Departmental Income
1255 - Clerk Fees $347.32 $363.25 $206.16
1550 - Public Pound Charges Dog Control Fees $75.00 $150.00 $425.00
2089 - Other Culture and Recreation Income $1,440.00 $6,930.45 $6,600.00
2115 - Planning Board Fees $50.00 -$75.00
2189 - Other Home and Community Services Income $112.75 --
2190 - Sale of Cemetery Lots -$2,400.00 -
2192 - Charges For Cemetery Services $600.00 $4,150.00 $800.00
Total for Departmental Income $2,625.07 $13,993.70 $8,106.16
Intergovernmental Charges
2350 - Youth Recreation Services Other Governments
Tompkins County
$877.00 $877.00 $877.00
6 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Total for Intergovernmental Charges $877.00 $877.00 $877.00
Use of Money and Property
2401 - Interest and Earnings $14,451.12 $583.49 $678.22
Total for Use of Money and Property $14,451.12 $583.49 $678.22
Licenses and Permits
2544 - Dog Licenses $6,784.00 $7,390.00 $6,241.00
2555 - Building and Alteration Permits $13,900.00 $15,620.00 $111,175.00
Total for Licenses and Permits $20,684.00 $23,010.00 $117,416.00
Fines and Forfeitures
2610 - Fines and Forfeited Bail $6,941.32 $14,051.54 $13,897.87
Total for Fines and Forfeitures $6,941.32 $14,051.54 $13,897.87
Sales of Property and Compensation for Loss
2650 - Sales of Scrap and Excess Materials $399.55 $131.56 $761.04
2680 - Insurance Recoveries -$3,196.19 -
Total for Sales of Property and Compensation for Loss $399.55 $3,327.75 $761.04
Other Revenues
2701 - Refunds of Prior Year Expenditures $3,166.75 $4,338.46 $7,155.85
2770 - Unclassified -$50.00 -
Total for Other Revenues $3,166.75 $4,388.46 $7,155.85
State Aid
7 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
3001 - State Aid Revenue Sharing $16,031.00 $16,031.00 $16,031.00
3005 - State Aid Mortgage Tax $48,759.35 $32,925.14 $46,548.90
3089 - State Aid Other
NYSERDA, TMA
$51,121.00 $11,121.00 -
Total for State Aid $115,911.35 $60,077.14 $62,579.90
Federal Aid
4089 - Federal Aid Other $25,000.00 $126,096.54 $192,084.43
Total for Federal Aid $25,000.00 $126,096.54 $192,084.43
Total for Revenues $798,374.59 $874,139.51 $997,301.71
Other Sources
Operating Transfers
5031 - Interfund Transfers --$19,437.26
Total for Operating Transfers $0.00 $0.00 $19,437.26
Total for Other Sources $0.00 $0.00 $19,437.26
Total for Revenues and Other Sources $798,374.59 $874,139.51 $1,016,738.97
8 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Expenditures and Other Uses
Expenditures
General Government Support
Legislative Board
10101 - Legislative Board - Personal Services $11,685.00 $11,346.00 $11,016.00
10104 - Legislative Board - Contractual $2,440.41 $902.31 $3,496.13
Total for Legislative Board $14,125.41 $12,248.31 $14,512.13
Judicial
11101 - Municipal Court - Personal Services $31,999.76 $29,999.84 $23,675.50
11104 - Municipal Court - Contractual $241.04 $2,332.42 $3,086.74
Total for Judicial $32,240.80 $32,332.26 $26,762.24
Executive
12201 - Supervisor - Personal Services $32,358.00 $31,415.04 $30,500.04
12204 - Supervisor - Contractual $95.01 $2,038.22 $1,280.10
Total for Executive $32,453.01 $33,453.26 $31,780.14
Finance
13151 - Comptroller - Personal Services $17,499.96 $15,450.00 $15,000.00
13154 - Comptroller - Contractual $6,476.21 $6,743.65 $6,587.68
13204 - Auditor - Contractual $2,400.00 $2,400.00 $20,200.00
13301 - Tax Collection - Personal Services -$2,572.96 $2,449.98
9 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
13304 - Tax Collection - Contractual $4,748.80 $3,736.33 $3,815.88
13804 - Fiscal Agents Fees - Contractual $235.00 $235.00 $4,922.60
Total for Finance $31,359.97 $31,137.94 $52,976.14
Municipal Staff
14101 - Clerk - Personal Services $48,755.96 $42,381.62 $44,925.00
14102 - Clerk - Equipment and Capital Outlay --$801.34
14104 - Clerk - Contractual $3,999.72 $3,680.76 $2,951.81
14204 - Law - Contractual $10,916.66 $8,609.67 $30,091.57
Total for Municipal Staff $63,672.34 $54,672.05 $78,769.72
Shared Services
16201 - Operation of Plant - Personal Services $6,502.08 $6,795.23 $6,560.52
16202 - Operation of Plant - Equipment and Capital Outlay $1,527.74 -$83,011.36
16204 - Operation of Plant - Contractual $126,742.90 $115,238.64 $72,181.03
16702 - Central Printing and Mailing - Equipment and Capital
Outlay
$2,325.21 $2,087.99 $2,389.00
16704 - Central Printing and Mailing - Contractual $4,076.20 $3,368.51 $3,480.36
Total for Shared Services $141,174.13 $127,490.37 $167,622.27
Special Items
19104 - Unallocated Insurance - Contractual $45,796.71 $41,523.58 $37,394.26
19204 - Municipal Association Dues - Contractual $4,811.00 $5,052.00 $4,567.15
Total for Special Items $50,607.71 $46,575.58 $41,961.41
Total for General Government Support $365,633.37 $337,909.77 $414,384.05
10 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Public Safety
Administration
30101 - Public Safety Administration - Personal Services $33,059.04 $32,096.04 $31,161.00
30104 - Public Safety Administration - Contractual $3,085.67 $2,314.51 $1,488.00
Total for Administration $36,144.71 $34,410.55 $32,649.00
Traffic Control
33104 - Traffic Control - Contractual $2,920.41 $3,860.46 $2,395.20
Total for Traffic Control $2,920.41 $3,860.46 $2,395.20
Animal Control
35104 - Dog Control - Contractual $16,737.00 $16,737.00 $16,737.00
35204 - Other Animal Controls - Contractual --$1,522.30
Total for Animal Control $16,737.00 $16,737.00 $18,259.30
Total for Public Safety $55,802.12 $55,008.01 $53,303.50
Transportation
Highway
50101 - Highway and Street Administration - Personal Services $83,290.04 $75,764.00 $72,179.96
50102 - Highway and Street Administration - Equipment and
Capital Outlay
$812.42 $792.13 $500.00
50104 - Highway and Street Administration - Contractual $1,418.44 $724.00 $1,387.06
51324 - Garage - Contractual $5,416.74 $5,103.29 $4,563.03
51824 - Street Lighting - Contractual $511.18 $414.03 $132.35
11 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Total for Highway $91,448.82 $82,797.45 $78,762.40
Total for Transportation $91,448.82 $82,797.45 $78,762.40
Economic Assistance and Opportunity
Economic Opportunity and Development
63264 - Economic Opportunity Programs, Other - Contractual --$45,000.00
Total for Economic Opportunity and Development $0.00 $0.00 $45,000.00
Total for Economic Assistance and Opportunity $0.00 $0.00 $45,000.00
Culture and Recreation
Recreation
73104 - Youth Programs - Contractual $80,452.64 $71,382.60 $63,333.44
73204 - Joint Youth Programs - Contractual $8,554.00 $13,347.85 $7,658.00
Total for Recreation $89,006.64 $84,730.45 $70,991.44
Culture
75504 - Celebrations - Contractual $445.25 $52.85 $1,430.66
76204 - Adult Recreation - Contractual $8,800.00 $9,200.00 $8,000.00
79894 - Culture And Recreation, Other - Contractual
Beautification
$3,129.00 $4,119.75 $3,663.18
Total for Culture $12,374.25 $13,372.60 $13,093.84
Total for Culture and Recreation $101,380.89 $98,103.05 $84,085.28
12 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Home and Community Services
General Environment
80201 - Planning and Surveys - Personal Services $1,200.00 --
80202 - Planning and Surveys - Equipment and Capital Outlay --$1,247.39
80204 - Planning and Surveys - Contractual $1,780.00 $295.00 $480.05
Total for General Environment $2,980.00 $295.00 $1,727.44
Sanitation
81604 - Refuse and Garbage - Contractual $1,609.95 $2,330.00 $2,468.00
Total for Sanitation $1,609.95 $2,330.00 $2,468.00
Natural Resources
87904 - General Natural Resources - Contractual $887.40 $1,159.20 -
Total for Natural Resources $887.40 $1,159.20 $0.00
Special Services
88102 - Cemetery - Equipment and Capital Outlay $855.90 --
88104 - Cemetery - Contractual $1,000.00 $12,150.00 $10,300.00
Total for Special Services $1,855.90 $12,150.00 $10,300.00
Total for Home and Community Services $7,333.25 $15,934.20 $14,495.44
Employee Benefits
Employee Benefits
13 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
90108 - State Retirement System - Employee Benefits $33,182.00 $27,458.75 $19,903.25
90308 - Social Security - Employee Benefits $21,752.61 $20,335.45 $17,046.65
90408 - Workers' Compensation - Employee Benefits $1,249.86 $1,163.20 $1,419.00
90508 - Unemployment Insurance - Employee Benefits $1,461.02 $1,619.93 $1,667.00
90558 - Disability Insurance - Employee Benefits $1,593.56 $1,893.12 $277.86
90608 - Hospital, Medical and Dental Insurance - Employee
Benefits
$34,488.48 $32,499.84 $13,440.48
Total for Employee Benefits $93,727.53 $84,970.29 $53,754.24
Total for Employee Benefits $93,727.53 $84,970.29 $53,754.24
Debt Service
Debt Service
97106 - Serial Bonds - Debt Principal $120,000.00 $114,842.00 $85,000.00
97107 - Serial Bonds - Debt Interest $23,169.00 $28,316.95 $22,629.26
97307 - Bond Anticipation Notes - Debt Interest --$21,240.83
Total for Debt Service $143,169.00 $143,158.95 $128,870.09
Total for Debt Service $143,169.00 $143,158.95 $128,870.09
Total for Expenditures $858,494.98 $817,881.72 $872,655.00
Other Uses
Interfund Transfers
Interfund Transfers
14 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Results of Operations
12/31/2025 12/31/2024 12/31/2023
99019 - Transfers to Other Funds - Interfund Transfer -$50,000.00 $25,000.00
99509 - Transfers to Capital Projects Fund - Interfund Transfer --$1,499.89
Total for Interfund Transfers $0.00 $50,000.00 $26,499.89
Total for Interfund Transfers $0.00 $50,000.00 $26,499.89
Total for Other Uses $0.00 $50,000.00 $26,499.89
Total for Expenditures and Other Uses $858,494.98 $867,881.72 $899,154.89
15 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Changes in Fund Balance
12/31/2025 12/31/2024 12/31/2023
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $623,395.52 $617,137.73 $499,553.65
8022 - Restated Fund Balance - Beginning of Year $623,395.52 $617,137.73 $499,553.65
Add Revenues and Other Sources $798,374.59 $874,139.51 $1,016,738.97
Deduct Expenditures and Other Uses $858,494.98 $867,881.72 $899,154.89
8029 - Fund Balance - End of Year $563,275.13 $623,395.52 $617,137.73
16 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Adopted Budget Summary
12/31/2026 12/31/2025 12/31/2024
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes $588,383.00 $578,792.00 $615,665.00
1099 - Est Rev - Property Tax Items $29,400.00 $29,400.00 $11,200.00
2199 - Est Rev - Departmental Income $450.00 $450.00 $950.00
2499 - Est Rev - Use of Money and Property $5,000.00 $750.00 $750.00
2599 - Est Rev - Licenses and Permits $18,500.00 $16,000.00 $15,500.00
2649 - Est Rev - Fines and Forfeitures $5,000.00 $12,000.00 $12,000.00
2799 - Est Rev - Other Revenues $877.00 $877.00 $2,377.00
3099 - Est Rev - State Aid $51,031.00 $61,031.00 $61,031.00
4099 - Est Rev - Federal Aid -$18,000.00 -
Total for Estimated Revenue $698,641.00 $717,300.00 $719,473.00
Estimated Other Sources
599 - Appropriated Fund Balance $182,500.00 $125,000.00 $76,180.00
Total for Estimated Other Sources $182,500.00 $125,000.00 $76,180.00
Total for Estimated Revenues and Other Sources $881,141.00 $842,300.00 $795,653.00
17 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
A - General
Adopted Budget Summary
12/31/2026 12/31/2025 12/31/2024
Estimated Appropriations and Other Uses
Estimated Appropriations
1999 - App - General Government Support $378,943.00 $352,338.00 $337,761.00
3999 - App - Public Safety $58,401.00 $56,359.00 $54,946.00
4999 - App - Health -$550.00 $50.00
5999 - App - Transportation $105,074.00 $91,590.00 $83,864.00
7999 - App - Culture and Recreation $78,008.00 $93,307.00 $72,304.00
8999 - App - Home and Community Services $8,500.00 $8,000.00 $15,700.00
9199 - App - Employee Benefits $109,041.00 $96,487.00 $87,419.00
9899 - App - Debt Service $143,174.00 $143,669.00 $143,659.00
Total for Estimated Appropriations $881,141.00 $842,300.00 $795,703.00
Total for Estimated Appropriations and Other Uses $881,141.00 $842,300.00 $795,703.00
18 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
DA - Highway Town-wide
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
200 - Cash $7,013.76 $7,210.44 $6,894.58
201 - Cash In Time Deposits $275,121.10 $383,612.75 $286,918.03
Total for Cash and Cash Equivalents $282,134.86 $390,823.19 $293,812.61
Restricted Cash and Cash Equivalents
231 - Cash In Time Deposits Special Reserves -$532,361.08 $536,738.56
Total for Restricted Cash and Cash Equivalents $0.00 $532,361.08 $536,738.56
Investments
450 - Investments in Securities $59,483.87 --
Total for Investments $59,483.87 $0.00 $0.00
Restricted Investments
452 - Investments in Securities Special Reserves $808,155.03 --
Total for Restricted Investments $808,155.03 $0.00 $0.00
Net Other Receivables
380 - Accounts Receivable --$442.00
Total for Net Other Receivables $0.00 $0.00 $442.00
Due From
19 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
391 - Due From Other Funds $615.00 $225.78 -
Total for Due From $615.00 $225.78 $0.00
Other Assets
480 - Prepaid Expenses $28,613.12 $25,989.92 $21,346.35
Total for Other Assets $28,613.12 $25,989.92 $21,346.35
Total for Assets $1,179,001.88 $949,399.97 $852,339.52
Total for Assets and Deferred Outflows $1,179,001.88 $949,399.97 $852,339.52
20 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable $10,846.85 $31,842.70 $44,254.62
Total for Payables $10,846.85 $31,842.70 $44,254.62
Due to
630 - Due To Other Funds -$3,196.19 -
Total for Due to $0.00 $3,196.19 $0.00
Total for Liabilities $10,846.85 $35,038.89 $44,254.62
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form $28,613.12 $25,989.92 $21,346.35
Total for Nonspendable Fund Balance $28,613.12 $25,989.92 $21,346.35
Restricted Fund Balance
878 - Capital Reserve $808,155.03 $532,361.08 $536,738.56
Total for Restricted Fund Balance $808,155.03 $532,361.08 $536,738.56
Committed Fund Balance
913 - Committed Fund Balance $110,000.00 $132,000.00 -
21 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
Total for Committed Fund Balance $110,000.00 $132,000.00 $0.00
Assigned Fund Balance
915 - Assigned Unappropriated Fund Balance $221,386.88 $224,010.08 $250,000.00
Total for Assigned Fund Balance $221,386.88 $224,010.08 $250,000.00
Total for Fund Balance $1,168,155.03 $914,361.08 $808,084.91
Total for Liabilities, Deferred Inflows and Fund Balances $1,179,001.88 $949,399.97 $852,339.53
22 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $1,411,285.00 $1,259,648.00 $1,168,527.00
Total for Property Taxes $1,411,285.00 $1,259,648.00 $1,168,527.00
Use of Money and Property
2401 - Interest and Earnings $35,516.38 $736.18 $877.89
Total for Use of Money and Property $35,516.38 $736.18 $877.89
Sales of Property and Compensation for Loss
2665 - Sales of Equipment $33,175.00 $35,700.00 $17,900.00
2690 - Other Compensation For Loss -$240.00 $4,705.42
Total for Sales of Property and Compensation for Loss $33,175.00 $35,940.00 $22,605.42
Other Revenues
2701 - Refunds of Prior Year Expenditures -$125.40 -
2706 - Grants From Local Governments -$26,592.00 -
2770 - Unclassified
Culvert Install
$3,050.00 $3,550.00 $3,150.00
Total for Other Revenues $3,050.00 $30,267.40 $3,150.00
State Aid
3501 - State Aid Consolidated Highway Aid $169,107.47 $153,510.89 $153,641.00
23 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Results of Operations
12/31/2025 12/31/2024 12/31/2023
3589 - State Aid Other Transportation $90,355.69 $90,295.06 $90,369.62
Total for State Aid $259,463.16 $243,805.95 $244,010.62
Total for Revenues $1,742,489.54 $1,570,397.53 $1,439,170.93
Other Sources
Operating Transfers
5031 - Interfund Transfers -$50,000.00 -
Total for Operating Transfers $0.00 $50,000.00 $0.00
Total for Other Sources $0.00 $50,000.00 $0.00
Total for Revenues and Other Sources $1,742,489.54 $1,620,397.53 $1,439,170.93
24 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Expenditures and Other Uses
Expenditures
Transportation
Highway
51101 - Maintenance of Roads - Personal Services $186,859.36 $168,399.31 $160,223.66
51104 - Maintenance of Roads - Contractual $191,531.64 $210,876.49 $189,741.82
51122 - Permanent Improvements Highway - Equipment and
Capital Outlay
$259,463.46 $243,806.34 $244,010.41
51302 - Machinery - Equipment and Capital Outlay $86,812.43 $300,353.83 $247,670.00
51304 - Machinery - Contractual $183,905.34 $181,185.14 $228,020.27
51401 - Brush And Weeds - Personal Services $15,960.00 $16,480.00 $15,432.00
51404 - Brush And Weeds - Contractual $444.34 $774.98 $880.06
51421 - Snow Removal - Personal Services $149,200.77 $135,811.70 $124,194.24
51424 - Snow Removal - Contractual $30,000.00 $32,075.80 $10,705.23
Total for Highway $1,104,177.34 $1,289,763.59 $1,220,877.69
Total for Transportation $1,104,177.34 $1,289,763.59 $1,220,877.69
Employee Benefits
Employee Benefits
90108 - State Retirement System - Employee Benefits $55,302.50 $44,209.50 $32,861.50
90308 - Social Security - Employee Benefits $26,929.57 $24,532.73 $22,938.49
90408 - Workers' Compensation - Employee Benefits $24,095.39 $22,971.99 $22,860.00
25 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Results of Operations
12/31/2025 12/31/2024 12/31/2023
90508 - Unemployment Insurance - Employee Benefits $1,612.85 $1,575.08 $1,817.38
90558 - Disability Insurance - Employee Benefits $3,496.60 $3,109.10 $987.48
90608 - Hospital, Medical and Dental Insurance - Employee
Benefits
$84,849.34 $74,727.36 $69,470.40
Total for Employee Benefits $196,286.25 $171,125.76 $150,935.25
Total for Employee Benefits $196,286.25 $171,125.76 $150,935.25
Debt Service
Debt Service
97856 - Installment Purchase Debt - Debt Principal $44,082.87 $41,357.62 -
97857 - Installment Purchase Debt - Debt Interest $9,149.13 $11,874.38 -
Total for Debt Service $53,232.00 $53,232.00 $0.00
Total for Debt Service $53,232.00 $53,232.00 $0.00
Total for Expenditures $1,353,695.59 $1,514,121.35 $1,371,812.94
Other Uses
Interfund Transfers
Interfund Transfers
99509 - Transfers to Capital Projects Fund - Interfund Transfer $135,000.00 -$53,232.00
Total for Interfund Transfers $135,000.00 $0.00 $53,232.00
Total for Interfund Transfers $135,000.00 $0.00 $53,232.00
26 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Total for Other Uses $135,000.00 $0.00 $53,232.00
Total for Expenditures and Other Uses $1,488,695.59 $1,514,121.35 $1,425,044.94
27 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Changes in Fund Balance
12/31/2025 12/31/2024 12/31/2023
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $914,361.08 $808,084.91 $793,958.92
8015 - Prior Period Adjustment OR Change in Accounting
Principle - Decrease in Fund Balance
-$0.01 -
8022 - Restated Fund Balance - Beginning of Year $914,361.08 $808,084.90 $793,958.92
Add Revenues and Other Sources $1,742,489.54 $1,620,397.53 $1,439,170.93
Deduct Expenditures and Other Uses $1,488,695.59 $1,514,121.35 $1,425,044.94
8029 - Fund Balance - End of Year $1,168,155.03 $914,361.08 $808,084.91
28 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Adopted Budget Summary
12/31/2026 12/31/2025 12/31/2024
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes $1,531,637.00 $1,411,285.00 $1,259,648.00
2499 - Est Rev - Use of Money and Property $15,000.00 $750.00 $1,000.00
2699 - Est Rev - Sales of Property and Compensation for Loss --$500.00
2799 - Est Rev - Other Revenues $1,000.00 $1,000.00 $1,000.00
3099 - Est Rev - State Aid $243,937.00 $243,937.00 $220,255.00
Total for Estimated Revenue $1,791,574.00 $1,656,972.00 $1,482,403.00
Estimated Other Sources
511 - Appropriated Reserves and Restricted Fund Balance $100,000.00 -$66,000.00
Total for Estimated Other Sources $100,000.00 $0.00 $66,000.00
Total for Estimated Revenues and Other Sources $1,891,574.00 $1,656,972.00 $1,548,403.00
29 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
DA - Highway Town-wide
Adopted Budget Summary
12/31/2026 12/31/2025 12/31/2024
Estimated Appropriations and Other Uses
Estimated Appropriations
5999 - App - Transportation $1,509,745.00 $1,220,291.00 $1,224,126.00
9199 - App - Employee Benefits $228,176.00 $198,449.00 $166,045.00
9899 - App - Debt Service $103,653.00 $113,232.00 $53,232.00
Total for Estimated Appropriations $1,841,574.00 $1,531,972.00 $1,443,403.00
Estimated Other Uses
962 - Other Budgetary Purposes $50,000.00 $125,000.00 $105,000.00
Total for Estimated Other Uses $50,000.00 $125,000.00 $105,000.00
Total for Estimated Appropriations and Other Uses $1,891,574.00 $1,656,972.00 $1,548,403.00
30 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
H - Capital Projects
H - Capital Projects
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits $173,466.00 --
Total for Cash and Cash Equivalents $173,466.00 $0.00 $0.00
Total for Assets $173,466.00 $0.00 $0.00
Total for Assets and Deferred Outflows $173,466.00 $0.00 $0.00
31 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
H - Capital Projects
Balance Sheet
12/31/2025 12/31/2024 12/31/2023
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable $44,221.31 --
Total for Payables $44,221.31 $0.00 $0.00
Total for Liabilities $44,221.31 $0.00 $0.00
Deferred Inflows
Deferred Inflows of Resources
691 - Deferred Inflow Of Resources
DEC 25% Advance not fully earned
$129,244.69 --
Total for Deferred Inflows of Resources $129,244.69 $0.00 $0.00
Total for Deferred Inflows $129,244.69 $0.00 $0.00
Total for Liabilities, Deferred Inflows and Fund Balances $173,466.00 $0.00 $0.00
32 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
H - Capital Projects
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Revenues and Other Sources
Revenues
State Aid
3591 - State Aid Highway Capital Projects $44,221.31 --
Total for State Aid $44,221.31 $0.00 $0.00
Total for Revenues $44,221.31 $0.00 $0.00
Other Sources
Operating Transfers
5031 - Interfund Transfers $135,000.00 -$54,731.89
Total for Operating Transfers $135,000.00 $0.00 $54,731.89
Proceeds of Obligations
5710 - Serial Bonds --$429,842.00
5785 - Installment Purchase Debt $135,830.95 -$182,362.00
Total for Proceeds of Obligations $135,830.95 $0.00 $612,204.00
Total for Other Sources $270,830.95 $0.00 $666,935.89
Total for Revenues and Other Sources $315,052.26 $0.00 $666,935.89
33 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
H - Capital Projects
Results of Operations
12/31/2025 12/31/2024 12/31/2023
Expenditures and Other Uses
Expenditures
Transportation
Highway
51302 - Machinery - Equipment and Capital Outlay $270,830.95 -$235,594.00
51972 - Highway Capital Project - Equipment and Capital Outlay $44,221.31 -$5,100.00
Total for Highway $315,052.26 $0.00 $240,694.00
Total for Transportation $315,052.26 $0.00 $240,694.00
Total for Expenditures $315,052.26 $0.00 $240,694.00
Total for Expenditures and Other Uses $315,052.26 $0.00 $240,694.00
34 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
H - Capital Projects
Changes in Fund Balance
12/31/2025 12/31/2024 12/31/2023
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $0.00 $0.00 ($426,241.89)
8022 - Restated Fund Balance - Beginning of Year $0.00 $0.00 ($426,241.89)
Add Revenues and Other Sources $315,052.26 $0.00 $666,935.89
Deduct Expenditures and Other Uses $315,052.26 $0.00 $240,694.00
8029 - Fund Balance - End of Year $0.00 $0.00 $0.00
35 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
K - Schedule of Non-Current Government Assets
K - Schedule of Non-Current Government Assets
Schedule of Non-Current Government Assets
12/31/2025 12/31/2024 12/31/2023
Non-Current Assets
Non-Depreciable Capital Assets
101 - Land $123,600.00 $123,600.00 $123,600.00
Total for Non-Depreciable Capital Assets $123,600.00 $123,600.00 $123,600.00
Depreciable Capital Assets
102 - Buildings $3,437,232.53 $3,437,232.53 $3,386,970.89
104 - Machinery and Equipment $2,909,725.75 $2,539,045.48 $2,484,743.45
106 - Infrastructure $3,217,669.46 $2,958,206.00 $2,714,399.66
Total for Depreciable Capital Assets $9,564,627.74 $8,934,484.01 $8,586,114.00
Accumulated Depreciation
112 - Accumulated Depreciation Buildings ($1,763,561.43)($1,711,585.56)($1,659,609.68)
114 - Accumulated Depreciation Machinery and Equipment ($1,659,973.86)($1,501,630.01)($1,660,128.91)
116 - Accumulated Depreciation Infrastructure ($1,543,009.29)($1,402,125.82)($1,270,215.52)
Total for Accumulated Depreciation ($4,966,544.58)($4,615,341.39)($4,589,954.11)
Total for Non-Current Assets $4,721,683.16 $4,442,742.62 $4,119,759.89
36 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
W - Schedule of Non-Current Government Liabilities
W - Schedule of Non-Current Government Liabilities
Schedule of Non-Current Government Liabilities
12/31/2025 12/31/2024 12/31/2023
Long-Term Obligations
Debt Obligations
628 - Bonds Payable $480,000.00 $600,000.00 $714,842.00
685 - Installment Purchase Contract Debt $232,752.46 $141,004.38 $182,362.00
Total for Debt Obligations $712,752.46 $741,004.38 $897,204.00
Other Long-Term Obligations
638 - Net Pension Liability Proportionate Share $284,482.00 $206,951.00 $275,490.00
683 - Other Post Employment Benefits $609,645.00 $518,136.00 $518,136.00
687 - Compensated Absences $26,572.09 $13,491.82 $8,610.77
Total for Other Long-Term Obligations $920,699.09 $738,578.82 $802,236.77
Total for Long-Term Obligations $1,633,451.55 $1,479,583.20 $1,699,440.77
37 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Supplemental Schedules
The Supplemental Schedules includes the following schedules:
• Statement of Indebtedness
• Bond Repayment
• Bank Reconciliation
• Employee and Retiree Benefits
38 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Statement of Indebtedness
Debt Summary
Debt Type Beginning Balance Debt Issued Principal Paid Paid From debt
Proceeds
Accreted Interest Prior Year Adjustment Ending Balance
Bond $600,000.00 $0.00 $120,000.00 $0.00 $0.00 $0.00 $480,000.00
Installment Purchase
Contract $141,004.38 $135,830.95 $44,082.87 $0.00 $0.00 $0.00 $232,752.46
Total $741,004.38 $135,830.95 $164,082.87 $0.00 $0.00 $0.00 $712,752.46
39 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Statement of Indebtedness
Debt Records
Debt Type/ Purpose Lender
Name
Issue
Date
Maturity
Date
Beginning Balance Debt Issued Principal Paid Paid From Debt
Proceeds
Prior Year
Adjustment
Accreted Interest Ending Balance
Bond
Salt Barn 6/21/23 6/1/35 $405,000.00 $0.00 $25,000.00 $0.00 $0.00 $0.00 $380,000.00
Bond
Highway Facility Project 4/26/11 4/15/26 $195,000.00 $0.00 $95,000.00 $0.00 $0.00 $0.00 $100,000.00
Installment Purchase
Contract
Highway Equipment
12/17/25 12/17/28 $0.00 $135,830.95 $0.00 $0.00 $0.00 $0.00 $135,830.95
Installment Purchase
Contract
Highway Equipment
5/10/23 5/10/27 $141,004.38 $0.00 $44,082.87 $0.00 $0.00 $0.00 $96,921.51
40 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Bond Repayment
Fiscal Year Ending Bond Principal Due Bond Interest Due Total Due Remaining Principal Balance
2026 $125,000.00 $17,674.00 $142,674.00 $355,000.00
2027 $30,000.00 $14,212.00 $44,212.00 $325,000.00
2028 $35,000.00 $12,853.50 $47,853.50 $290,000.00
2029 $35,000.00 $11,390.50 $46,390.50 $255,000.00
2030 $40,000.00 $9,823.00 $49,823.00 $215,000.00
2031 $40,000.00 $6,479.00 $46,479.00 $175,000.00
2032 $40,000.00 $6,479.00 $46,479.00 $135,000.00
2033 $45,000.00 $4,702.50 $49,702.50 $90,000.00
2034 $45,000.00 $2,821.50 $47,821.50 $45,000.00
2035 $45,000.00 $940.50 $45,940.50 $0.00
Total $480,000.00 $87,375.50 $567,375.50
$480,000.00 Total Bond Ending Balance for Statement of Indebtedness.
41 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Bank Reconciliation
Accounts
Account No.Account Type Associated Fund(s)Bank Balance Deposits In Transit Outstanding Checks Adjustments Total
1 Checking A $64,674.88 $0.00 ($48,945.92)($0.01)$15,728.95
2 Checking DA, H $13,501.70 $0.00 ($6,487.94)$0.00 $7,013.76
3 Checking A $303.67 $0.00 $0.00 $0.03 $303.70
4 Savings A $99,828.07 $0.00 $0.00 ($0.01)$99,828.06
5 Savings A $15,422.39 $0.00 $0.00 $0.00 $15,422.39
6 Savings A $64,956.57 $0.00 $0.00 $0.00 $64,956.57
7 Savings DA, H $448,587.09 $0.00 $0.00 $0.01 $448,587.10
Total $707,274.37 $0.00 ($55,433.86)$0.02 $651,840.53
$651,840.53Total Cash From Financials
42 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Bank Reconciliation
Investments and Collateralization of InvestmentsCollateralization of Cash
FDIC Insurance Market Value as of Fiscal Year End Date
Collateralized with Securities held in possession of the
municipality or its agent or otherwise secured
Collateralized with Securities held in possession of the
municipality or its agent or otherwise secured
Total Bank Balance Investments From Financials
Total of FDIC Insurance and Collateralized with
securities held in possession of the municipality or its
agent or otherwise secured
$707,274.37
$328,480.25
$378,794.12
$707,274.37
$1,231,127.70
$1,231,127.70
$1,231,127.70
43 OSC Municipality Code 500327000000
Town of Enfield
Annual Financial Report
For the Fiscal Period 01/01/2025 - 12/31/2025
Employee and Retiree Benefits
Full Time Employees Part Time Employees Volunteers with Paid Benefits Retirees with Paid Benefits
7 10 2
Total Number
Benefit Amount Full Time Part Time Volunteer Retiree
State Retirement System $88,484.50 7 5 0
Police Retirement
Fire Retirement
Local Pension Fund
Social Security $48,682.18 7 10 0
Worker's Compensation $25,345.25 7 10 0
Life Insurance
Unemployment Insurance $3,073.87 5 6 0
Disability Insurance $5,090.16 5 5 0
Hospital, Medical and Dental Insurance $119,337.82 7 2 2
Union Welfare Benefits
Supplemental Benefit Payments to Disabled Firefighters
Employee Benefits,Other
Total Employee Benefits Paid $290,013.78
Number Receving Benefits
44 OSC Municipality Code 500327000000