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HomeMy WebLinkAbout2024 Annual Financial Report CertifiedGrata
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Table of contents
Financial Statements
P General Outside Village
B - General Town-
cD - Special Grant
Town -wide
DP Highway
Highway part -town
DB
Fire protection
SF - Special Districts)ct(s)
Ming
St_ -Special DistriUg
Government Pssets
TC - Custodial No
ent Liabilities
K Schedule of N on Current Governor
W _Schedule of N
Schedules
Supplemental
f Indebtedness
Statement o
Bond Repayn'ent
,any, Reconciliation efits
Employee and Retiree Ben
1
2
17
26
31
41
49
54
59
64
65
66
67
6$
69
71
of Groton
nn nancr 1 ao�4rt
a F\12j3112024
P
the V sea\ p er\od C
For . _.sents
�\a� gta��• • our
F rnan Repo f ed
cra\ na cra\
ded •\n the S\S foa\p ePar\n9 this Pnn
u s are \nc\Gas the ba
nts ands and a s be n 9Sed y the OS
atron for the fo\en red 2024 and ha
F\nanc\a\ \n t for the f\sca\ ended 202� be\ng used
gov o {or the f\sca\ `fear ust of funds
Rep PP - Generaa\down-Guts\de V\\\a9e
. B'
Gene
\ Grant
CSpecra
. D ' Townw\de
. DP - H\ghway town
. DB . W9hwa`! part F\re ?rot-c Jon
. SF ' Spec\a\ D\str\ct<sl
ec\a\ D\s
tr\ct�sl t'�ghg
trn
. S\- - Sp PSSets
d\a\ �ernm
ent
. ZG - Gu eau\e of Non -current GGovern`ient �rab\\\f\es G a
\e of Nond ,Gurren our government w\th
,,,
du pS
s
4 represent data f\\eby `1
F\nanc\a\ Repo for 202
\ncWded \n why ennecessanl
P\\ amour and ad\usted
rev\e`Ned
1
\t Code 5p03352p0000
OSG Munrdrpa\ y
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
200 - Cash
201 - Cash In Time Deposits
210 - Petty Cash
Total for Cash and Cash Equivalents
Restricted Cash and Cash Equivalents
230 - Cash Special Reserves
Total for Restricted Cash and Cash Equivalents
Net Other Receivables
380 - Accounts Receivable
Total for Net Other Receivables
Other Assets
480 - Prepaid Expenses
Total for Other Assets
Total for Assets
Total for Assets and Deferred Outflows
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Balance Sheet
12/31 /2024 12131 /2023 12131 /2022
L- _
$4,486.14 - -
$261,440.78 $456,708.56 $592,218.46
$400.00 $400.00 $400.00
$266,326.92 $457,108.56 $592,618.46
$284,331.07 $129,800.87 $129,217.58
$284,331.07 $129, 800.87 $129,217.58
- $1,095.00 -
$0.00 $1,095.00 $0.00
$8,054.52 $10,944.34 $4,974.60
$8,054.52 $10,944.34 $4,974.60
$558,712.51 $598,948.77 $726,810.64
$558,712.51 $598,948.77 $726,810.64
2 OSC Municipality Code 500335200000
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable
601 - Accrued Liabilities
Total for Payables
Other Liabilities
688 - Other Liabilities
690 - Overpayments and Clearing Account
Total for Other Liabilities
Total for Liabilities
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form
Total for Nonspendable Fund Balance
Restricted Fund Balance
815 - Unemployment Insurance Reserve
878 - Capital Reserve
Total for Restricted Fund Balance
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Balance Sheet
12/31 /2024 12/31 /2023 12/31 /2022
$21,232.09
$9,124.99
$7,123.55
$11,847.54
$1,296.32
$1,246.16
$33,079.63
$10,421.31
$8,369.71
-
$151,737.18
$249,664.24
$479.00
$516.00
$3,785.00
$479.00
$152,253.18
$253,449.24
$33,558.63
$162,674.49
$261,818.95
$8, 054.52
$10, 944.34
$4, 974.60
$8,054.52
$10,944.34
$4, 974.60
$10,563.13
$10,515.90
$10,469.00
$273,767.94
$119,284.97
$118,748.58
$284,331.07
$129, 800.87
$129,217.58
3 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Balance Sheet
12/31 /2024 12/31 /2023 12/31 /2022
Assigned Fund Balance
914 - Assigned Appropriated Fund Balance $180,822.85 $203,239.00 $180,000.00
Total for Assigned Fund Balance $180,822.85 $203,239.00 $180,000.00
Unassigned Fund Balance
917 - Unassigned Fund Balance $51,945.44 $92,290.07 $150,800.00
Total for Unassigned Fund Balance $51,945.44 $92,290.07 $150,800.00
Total for Fund Balance $525,153.88 $436,274.28 $464,992.18
s and Fund Balances $558,712.51 $598,948.77 $726,811.13
4 OSC Municipality Code 500335200000
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes
Total for Property Taxes
Property Tax Items
1090 - Interest and Penalties on Real Prop Taxes
Total for Property Tax Items
Departmental Income
1232 - Tax Collector Fees
1255 - Clerk Fees
1550 - Public Pound Charges Dog Control Fees
Total for Departmental Income
Use of Money and Property
2401 - Interest and Earnings
Total for Use of Money and Property
Licenses and Permits
2544 - Dog Licenses
Total for Licenses and Permits
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$552,744.00
$504,500.00
$505,216.60
$552,744.00
$504, 500.00
$ 505,216.60
$3,974.39
$3,837.95
$3,620.04
$3,974.39
$3,837.95
$3,620.04
$12.82
$13.10
$13.37
$1,213.88
$1,412.60
$1,328.78
$400.00
$390.00
$513.00
$1,626.70
$1,815.70
$1,855.15
$5,742.21
$3,849.22
$2,437.57
$5,742.21
$3,849.22
$2,437.57
$16,752.00
$15,213.00
$11,918.00
$16,752.00
$15,213.00
$11,918.00
5 OSC Municipality Code 500335200000
Fines and Forfeitures
2610 - Fines and Forfeited Bail
2611 - Fines and Penalties Dog Cases
Total for Fines and Forfeitures
Sales of Property and Compensation for Loss
2655 - Sales Other
2680 - Insurance Recoveries
Total for Sales of Property and Compensation for Loss
Other Revenues
2701 - Refunds of Prior Year Expenditures
2750 - AIM Related Payments
2770 - Unclassified
Sale of excess material and AIM
Total for Other Revenues
State Aid
3005 - State Aid Mortgage Tax
3089 - State Aid Other
LGTMA - Supplemental
Total for State Aid
Federal Aid
4089 - Federal Aid Other
Total for Federal Aid
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Results of Operations
12/31 /2024
12/31 /2023
12/31 /2022
$15,655.00
$21,412.50
$15,615.50
$100.00
$400.00
$450.00
$15,755.00
$21,812.50
$16,065.50
$4.50
$480.00
$45.50
-
$1,033.80
$721.00
$4.50
$1,513.80
$766.50
$32.47
-
$822.26
-
$8,000.00
$8,000.00
$40,551.60
$258.90
$1,187.89
$40,584.07
$8,258.90
$10,010.15
$57,180.71
$66,684.29
$77,298.59
$2,370.00
-
-
$59,550.71
$66,684.29
$77,298.59
$151,737.18
$97,927.06
$115,975.68
$151,737.18
$97,927.06
$115,975.68
6 OSC Municipality Code 500335200000
Total for Revenues
Total for Revenues and Other Sources
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Results of Operations
12/31 /2024
$848,470.76
$848,470.76
12131 /2023
$725,412.42
$725,412.42
12/31 /2022
$745,163.78
$745,163.78
7 OSC Municipality Code 500335200000
Expenditures and Other Uses
Expenditures
General Government Support
Legislative Board
10101 - Legislative Board - Personal Services
10104 - Legislative Board - Contractual
Total for Legislative Board
Judicial
11101 - Municipal Court - Personal Services
11102 - Municipal Court - Equipment and Capital Outlay
11104 - Municipal Court - Contractual
Total for Judicial
Executive
12201 - Supervisor - Personal Services
12204 - Supervisor - Contractual
Total for Executive
Finance
13204 - Auditor - Contractual
13304 - Tax Collection - Contractual
Total for Finance
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$16,908.48
$16,416.00
$15,783.84
-
-
$130.00
$16,908.48
$16,416.00
$15,913.84
$82,457.30
$81,033.24
$71,076.60
$4,500.00
$389.96
-
$5,383.16
$6,753.32
$7,476.54
$92,340.46
$88,176.52
$78, 553.14
$40,713.92
$39,527.80
$46,032.47
$1,001.22
$926.07
$1,060.75
$41,715.14
$40,453.87
$47,093.22
$12,400.00
$11,750.00
$11,050.00
$4,218.70
$3,100.00
$2,636.99
$16,618.70
$14, 850.00
$13, 686.99
8 OSC Municipality Code 500335200000
Municipal Staff
14101 -Clerk -Personal Services
14102 - Clerk - Equipment and Capital Outlay
14104 - Clerk - Contractual
14204 - Law - Contractual
14301 - Personnel - Personal Services
14304 - Personnel - Contractual
14404 - Engineer - Contractual
Total for Municipal Staff
Shared Services
16201 - Operation of Plant - Personal Services
16202 - Operation of Plant - Equipment and Capital Outlay
16204 - Operation of Plant - Contractual
16402 - Central Garage - Equipment and Capital Outlay
16404 - Central Garage - Contractual
16704 - Central Printing and Mailing - Contractual
Total for Shared Services
Special Items
19104 - Unallocated Insurance - Contractual
19204 - Municipal Association Dues - Contractual
Total for Special Items
Total for General Government Support
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Results of Operations
12/31 /2024
12/31 /2023
12/31 /2022
$64,442.82
$59,656.30
$54,657.98
$1, 500.00
$780.74
$1, 589.21
$2,293.63
$1,469.42
$3,243.61
$20,206.50
$21,558.50
$10,000.00
$21,934.45
$20,684.12
$19,686.25
$500.00
$101.30
$21.99
$8,695.00
-
-
$119,572.40
$104, 250.38
$89,199.04
$5,609.05
$6,162.91
$6,106.30
$56.95
-
-
$88,320.19
$58,530.18
$72,851.26
$2,353.37
$1,905.31
-
$10,491.14
$2,864.91
$3,486.73
$2,597.63
$2,929.64
$2,585.13
$109,428.33
$72,392.95
$85,029.42
$78,016.15
$72,411.23
$68,476.72
$2,315.00
$1,230.00
$1,000.00
$80,331.15
$73,641.23
$69,476.72
$476,914.66
$410,180.95
$398,952.37
9 OSC Municipality Code 500335200000
Public Safety
Traffic Control
33101 - Traffic Control - Personal Services
33104 - Traffic Control - Contractual
Total for Traffic Control
Animal Control
35104 - Dog Control - Contractual
Total for Animal Control
Total for Public Safety
Transportation
Highway
50101 - Highway and Street Administration - Personal Services
50102 - Highway and Street Administration - Equipment and
Capital Outlay
50104 - Highway and Street Administration - Contractual
Total for Highway
Other Transportation
56804 - Transportation, Other - Contractual
Total for Other Transportation
Total for Transportation
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$3,181.98
$2,637.32
$2,904.57
$9,601.84
$8,948.63
$8,942.80
$12,783.82
$11,585.95
$11,847.37
$26,781.77
$22,600.00
$22,151.86
$26,781.77
$22, 600.00
$22,151.86
$39,565.59
$34,185.95
$33,999.23
$75,481.90 $73,283.86 $70,464.94
$988.80 $780.00 $841.97
$609.57 $805.00 $1,066.87
$77,080.27 $74,868.86 $72,373.78
- - $478.00
$0.00 $0.00 $478.00
$77,080.27 $74,868.86 $72,851.78
10 OSC Municipality Code 500335200000
Economic Assistance and Opportunity
Social Services Programs
60104 - Social Services Administration - Contractual
Total for Social Services Programs
Economic Opportunity and Development
65104 - Veterans Service - Contractual
67724 - Programs for the Aging - Contractual
Total for Economic Opportunity and Development
Total for Economic Assistance and Opportunity
Culture and Recreation
Recreation
73104 - Youth Programs - Contractual
Total for Recreation
Culture
75101 - Historian - Personal Services
75104 - Historian - Contractual
75204 - Historical Property - Contractual
75504 - Celebrations - Contractual
Total for Culture
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$1,500.00
$1,500.00
$1,500.00
$1,500.00
$1,500.00
$1,500.00
$47.50
-
$0.00
$5,300.00
$6,300.00
$5,300.00
$5,347.50
$6,300.00
$5,300.00
$6,847.50
$7,800.00
$6,800.00
$342.00
$509.00
$784.00
$342.00
$509.00
$784.00
$1,874.60
$1,820.00
$1,750.00
$391.96
$750.00
$142.50
-
-
$0.00
$610.56
$108.00
$382.50
$2,877.12
$2,678.00
$2,275.00
11 OSC Municipality Code 500335200000
Total for Culture and Recreation
Home and Community Services
Special Services
88104 - Cemetery - Contractual
Total for Special Services
Total for Home and Community Services
Employee Benefits
Employee Benefits
90108 - State Retirement System - Employee Benefits
90308 - Social Security - Employee Benefits
90408 - Workers' Compensation - Employee Benefits
90558 - Disability Insurance - Employee Benefits
90608 - Hospital, Medical and Dental Insurance - Employee
Benefits
Total for Employee Benefits
Total for Employee Benefits
Total for Expenditures
Other Uses
Interfund Transfers
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$3,219.12 $3,187.00 $3,059.00
$772.25
$1,445.11
$1,142.64
$772.25
$1,445.11
$1,142.64
$772.25
$1,445.11
$1,142.64
$16,713.00
$11,861.25
$22,600.00
$22,428.30
$21,779.23
$21,559.56
$10,400.00
$11,150.00
$12,000.00
-
-
$100.00
$89,738.72
$79,744.42
$59,752.77
$139,280.02
$124, 534.90
$116, 012.33
$139, 280.02
$124, 534.90
$116, 012.33
$743,679.41
$656,202.77
$632,817.35
12 OSC Municipality Code 500335200000
Interfund Transfers
99019 - Transfers to Other Funds - Interfund Transfer
Total for Interfund Transfers
Total for Interfund Transfers
Total for Other Uses
Total for Expenditures and Other
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Results of Operations
12/31 /2024
$0.00
$0.00
$0.00
,679.1h1
12/31 /2023 12/31 /2022
$97,927.06 $115,975.68
$97,927.06 $115,975.68
$97,927.06 $115,975.68
$97,927.06 $115,975.68
$754,129.83 $748,793.03
13 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Changes in Fund Balance
12/31 /2
LAnalysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year
$436,274.28
$464,991.69
$463,646.34
8012 - Prior Period Adjustment OR Change in Accounting
_
-
$4,974.60
Principle - Increase in Fund Balance
8015 - Prior Period Adjustment OR Change in Accounting
$15,911.75
-
-
Principle - Decrease in Fund Balance
Based on external audit - correct NYSLRS accrual
8022 - Restated Fund Balance - Beginning of Year
$420,362.53
$464,991.69
$468,620.94
Add Revenues and Other Sources
$848,470.76
$725,412.42
$745,163.78
Deduct Expenditures and Other Uses
$743,679.41
$754,129.83
$748,793.03
8029 - Fund Balance - End of Year
$525,153.88
$436,274.28
$464,991.69
14 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Adopted Budget Summary
12/31 /2025 12/31 /2024 12/31 /2023
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes
$605,500.00
$552,744.00
$504,500.00
1099 - Est Rev - Property Tax Items
$4,000.00
$4,075.00
$4,600.00
1299 - Est Rev - Departmental Income
-
-
$1,450.00
2199 - Est Rev - Departmental Income
$999.00
$1,350.00
-
2499 - Est Rev - Use of Money and Property
$2,100.00
$2,100.00
$1,600.00
2599 - Est Rev - Licenses and Permits
$13,000.00
$12,000.00
$11,000.00
2649 - Est Rev - Fines and Forfeitures
$15,200.00
$15,200.00
$14,200.00
2799 - Est Rev - Other Revenues
$33,878.00
$8,000.00
$8,000.00
3099 - Est Rev - State Aid
$55,000.00
$55,000.00
$55,000.00
Total for Estimated Revenue
s
$729,677.00
�
$650,469.00
_
$600,350.00
Estimate
599 - Appropriated Fund Balance
$180,822.85
$203,239.00
$180,000.00
$180,822.85
$203,239.00
180,000.
Total for Estimated d r c
$910,499.85
$853,708.00
$780,350.00
15 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
A - General
Adopted Budget Summary
12/31 /2025 12/31 /2024 12/31 /2023
Estimated Appropriations and Other Uses
Estimated Appropriations
1999 - App - General Government Support
$600,837.88
$571,217.00
$515,563.00
3999 - App - Public Safety
$43,987.80
$41,420.00
$36,320.00
5999 - App - Transportation
$81,455.84
$77,683.00
$75,484.00
6999 - App - Economic Assistance and Opportunity
$9,100.00
$9,100.00
$9,100.00
7999 - App - Culture and Recreation
$6,468.33
$6,125.00
$5,970.00
8999 - App - Home and Community Services
$1,500.00
$1,500.00
$1,500.00
9199 - App - Employee Benefits
$167,150.00
$146,663.00
$136,413.00
Total for Estimated Appropriations
$910,499.85
$853,708.00
$780,350.00
�stimated
$853,708.00
16 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
B - General Town -Outside Village
Balance Sheet
12/31 /2024 12131 /2023 12131 /2022
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits
$265,707.29
$275,604.26
$264,526.29
Total for Cash and Cash Equivalents
$265,707.29
$275,604.26
$264,526.29
Due From
440 - Due from Other Governments
$11,500.00
$18,300.00
$17,000.00
Tompkins County Sales Tax - Dec 2024
Total for Due From
$11,500.00
$18,300.00
$17,000.00
Other Assets
480 - Prepaid Expenses
-
$1,656.00
-
Total for Other Assets
$0.00
$1,656.00
$0.00
Total for Assets
$277,207.29
$295,560.26
$281,526.29
Total for Assets and Deferred Outflows
$277,207.29
$295,560.26
$281,526.29
17 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
B - General Town -Outside Village
Balance Sheet
12/31 /2024
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
12/31 /2023
12/31 /2022
600 - Accounts Payable
$1,905.79
$295.00
$26,263.75
601 - Accrued Liabilities
$5,960.24
$414.45
$398.31
Total for Payables
$7,866.03
$709.45
$26,662.06
Total for Liabilities
$7,866.03
$709.45
$26,662.06
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form
-
$1,656.00
-
Total for Nonspendable Fund Balance
$0.00
$1,656.00
$0.00
Assigned Fund Balance
914 - Assigned Appropriated Fund Balance
$119,552.58
$94,507.00
$75,000.00
915 - Assigned Unappropriated Fund Balance
$149,788.68
$198,687.81
$179,864.23
Total for Assigned Fund Balance
$269,341.26
$293,194.81
$254,864.23
Total for Fund Balance
$269,341.26
$294,850.81
$254,864.23
Total for Liabilities, Deferred Inflows and Fund Balances
$277,207.29
$295,560.26
$281,526.29
18 OSC Municipality Code 500335200000
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes
Total for Property Taxes
Non -Property Tax Items
1120 - Non Property Tax Distribution by County
1170 - Franchise Tax
Total for Non -Property Tax Items
Departmental Income
2110 - Zoning Fees
2115 - Planning Board Fees
Total for Departmental Income
Use of Money and Property
2401 - Interest and Earnings
Total for Use of Money and Property
Licenses and Permits
2545 - Licenses Other
2555 - Building and Alteration Permits
Total for Licenses and Permits
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
B - General Town -Outside Village
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$160,423.00
$192,500.00
$192,500.00
$160,423.00
$192,500.00
$192,500.00
$104,200.00
$108,400.00
$96,540.00
$1,448.37
$16,079.58
$3,046.04
$105,648.37
$124,479.58
$99,586.04
$410.00
$425.00
$120.00
$9,795.00
$454.94
$5,672.28
$10,205.00
$879.94
$5,792.28
$1,349.15
$1,370.65
$688.37
$1,349.15
$1,370.65
$688.37
$50.00
$50.00
$50.00
$21,361.53
$15,070.90
$18,989.44
$21,411.53
$15,120.90
$19,039.44
19 OSC Municipality Code 500335200000
Other Revenues
2750 - AIM Related Payments
Total for Other Revenues
Total for Revenues
Total for Revenues and Other Sources
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
B - General Town -Outside Village
Results of Operations
12/31 /2024
$0.00
$299,037.05
12/31 /2023 12/31 /2022
$25,878.00 $25,878.00
$25,878.00 $25,878.00
$360,229.07 $343,484.13
$360,229.07 $343,484.13
20 OSC Municipality Code 500335200000
Expenditures and Other Uses
Expenditures
Health
Other Health
45404 - Ambulance - Contractual
Total for Other Health
Total for Health
Culture and Recreation
Recreation
71404 - Playground and Recreation Centers - Contractual
73101 -Youth Programs -Personal Services
73204 - Joint Youth Programs - Contractual
Total for Recreation
Total for Culture and Recreation
Home and Community Services
General Environment
80101 -Zoning -Personal Services
80102 - Zoning - Equipment and Capital Outlay
80104 - Zoning - Contractual
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
B - General Town -Outside Village
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$180,500.00
$177,000.00
$173,000.00
$180,500.00
$177,000.00
$173,000.00
$180,500.00
$177,000.00
$173,000.00
$13,000.00 $23,000.00 $23,000.00
$374.56 -
$42,368.86 $41,723.36 $34,684.28
$55,368.86 $65,097.92 $57,684.28
$55,368.86 $65,097.92 $57,684.28
$57,390.38
$55,300.00 $53,008.55
$1,514.24
$3,600.00 -
$3,518.37
$554.10 $235.95
21 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
B - General Town -Outside Village
Results of Operations
12/31 /2024
12/31 /2023
12/31 /2022
80201 - Planning and Surveys - Personal Services
$6,215.30
$6,542.12
$6,550.38
80204 - Planning and Surveys - Contractual
-
$723.44
$1,094.49
Total for General Environment
$68,638.29
$66,719.66
$60,889.37
Total for Home and Community Services
$68,638.29
$66,719.66
$60,889.37
Employee Benefits
Employee Benefits
90108 - State Retirement System - Employee Benefits
$7,000.00
$4,968.00
$10,000.00
90308 - Social Security - Employee Benefits
$4,644.95
$4,596.91
$4,548.19
90408 - Workers' Compensation - Employee Benefits
$1,730.00
$1,860.00
$2,000.00
90608 - Hospital, Medical and Dental Insurance - Employee
-
-
$3,500.00
Benefits
Total for Employee Benefits
$13,374.95
$11,424.91
$20,048.19
Total for Employee Benefits
$13,374.95
$11,424.91
$20,048.19
Total for Expenditures
$317,882.10
$320,242.49
$311,621.84
Total for Expenditures and Other Uses
$317,882.10
$320,242.49
$311,621.84
22 OSC Municipality Code 500335200000
LAnalysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year
8015 - Prior Period Adjustment OR Change in Accounting
Principle - Decrease in Fund Balance
Based on outside audit - correct NYSLRS accrual
8022 - Restated Fund Balance - Beginning of Year
Add Revenues and Other Sources
Deduct Expenditures and Other Uses
8029 - Fund Balance - End of Year
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
B - General Town -Outside Village
Changes in Fund Balance
12/31 /2
$294,850.81
$254,866.29
$223,004.00
$6,664.50
$2.06
-
$288,186.31
$254,864.23
$223,004.00
$299,037.05
$360,229.07
$343,484.13
$317,882.10
$320,242.49
$311,621.84
$269,341.26
$294,850.81
$254,866.29
23 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
B - General Town -Outside Village
Adopted Budget Summary
12/31 /2025
12/31 /2024
12/31 /2023
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes
$163,000.00
$160,423.00
$192,500.00
1199 - Est Rev - Non -Property Tax Items
$80,000.00
$80,000.00
$64,000.00
1299 - Est Rev - Departmental Income
-
-
$1,100.00
2199 - Est Rev - Departmental Income
$1,300.00
$1,100.00
-
2499 - Est Rev - Use of Money and Property
$500.00
$500.00
$500.00
2599 - Est Rev - Licenses and Permits
$9,050.00
$9,050.00
$9,050.00
2799 - Est Rev - Other Revenues
-
$25,878.00
$26,878.00
Total for Estimated Revenum
°n76,95
lst ource
599 - Appropriated Fund Balance
$119,552.58
$94,507.00
$75,000.00
Total for Estimated Other Sources
$119,552.58
$94,507.00
Total for Estimated Revenues and Other Sources
402.58
458.00
24 OSC Municipality Code 500335200000
Estimated Appropriations and Other Uses
Estimated Appropriations
1999 - App - General Government Support
4999 - App - Health
6999 - App - Economic Assistance and Opportunity
7999 - App - Culture and Recreation
8999 - App - Home and Community Services
9199 - App - Employee Benefits
Total for Estimated Appropriations
MWI fdT"Estimated MWiaj*nd Other Uses
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
B - General Town -Outside Village
Adopted Budget Summary
12/31 /2025
$12,762.00
$183,500.00
$250.00
$76,384.20
$79,166.38
$21,340.00
12/31 /2024
$10, 342.00
$180, 500.00
$250.00
$82, 580.00
$79,136.00
$18,650.00
$373,402.58 $371,458.00
$373,402.58
12/31 /2023
$10, 342.00
$177,000.00
$250.00
$91,000.00
$72, 536.00
$17,900.00
$369,028.00
$369,028.00
25 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
CD - Special Grant
Balance Sheet
12/31 /2024 12131 /2023 12131 /2022
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits $48,115.47 $43,093.85 $43,066.88
Total for Cash and Cash Equivalents $48,115.47 $43,093.85 $43,066.88
Total for Assets
$48,115.47
$43,093.85
$43,066.88
Outflows
115.47
$43,093.85
$43,066.8
26 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
CD - Special Grant
Balance Sheet
12/31 /2024
12/31 /2023
12/31 /2022
Liabilities, Deferred Inflows and Fund Balances
Fund Balance
Assigned Fund Balance
915 - Assigned Unappropriated Fund Balance
$48,115.47
$43,066.88
$43,066.88
Total for Assigned Fund Balance
$48,115.47
$43,066.88
$43,066.88
Total found Balance
$48,115.47
$43,066.88
$43,066.88
Total for Liabilities, Deferred Inflows and Fund Balances
$48,115.47
$43,066.88
$43,066.88
27 OSC Municipality Code 500335200000
Revenues and Other Sources
Revenues
Departmental Income
2170 - Community Development Income
Total for Departmental Income
Use of Money and Property
2401 - Interest and Earnings
Total for Use of Money and Property
Total for Revenues
venues and Other Sources
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
CD - Special Grant
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$5,000.00
-
-
$5,000.00
$0.00
$0.00
$21.62
$26.97
$16.10
$21.62
$26.97
$16.10
$5,021.62
$26.97
$16.10
$5,021.62
$26.97
28 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
CD - Special Grant
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
Expenditurgknd Other Uses
Total for Expenditures and Other Uses $0.00 $0.00 $0.00
29
OSC Municipality Code 500335200000
Lnaivsis of Chanaes in Fund Balance
8021 - Fund Balance - Beginning of Year
8022 - Restated Fund Balance - Beginning of Year
Add Revenues and Other Sources
Deduct Expenditures and Other Uses
8029 - Fund Balance - End of Year
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
CD - Special Grant
Changes in Fund Balance
$43,093.85
$43,093.85
$5,021.62
$0.00
$48,115.47
12/31 /2023
$43,066.88
$43,050.78
$43,066.88
$43,050.78
$26.97
$16.10
$0.00
$0.00
$43,093.85
$43,066.88
30 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DA - Highway Town -wide
Balance Sheet
12/31 /2024
Assets and Deferred Outflows 1W L
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits
Total for Cash and Cash Equivalents
Restricted Cash and Cash Equivalents
230 - Cash Special Reserves
Total for Restricted Cash and Cash Equivalents
Restricted Investments
452 - Investments in Securities Special Reserves
Total for Restricted Investments
Other Assets
480 - Prepaid Expenses
Total for Other Assets
Total for Assets
Total for Assets and Deferred Outflows
$406,426.85
$406,426.85
$0.00
$539,188.39
$539,188.39
$0.00
$945,615.24
$945,615.24
12/31 /2023
$175,621.56
$175,621.56
$0.00
$472,551.23
$472, 551.23
$7,919.61
$7,919.61
$656,092.40
$656,092.40
12/31 /2022
$122,893.92
$122, 893.92
$220,874.88
$220,874.88
$73,905.33
$73,905.33
$0.00
$0.00
$417, 674.13
$417, 674.13
31 OSC Municipality Code 500335200000
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable
601 - Accrued Liabilities
Total for Payables
Total for Liabilities
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form
Total for Nonspendable Fund Balance
Restricted Fund Balance
878 - Capital Reserve
899 - Other Restricted Fund Balance
Total for Restricted Fund Balance
Assigned Fund Balance
914 - Assigned Appropriated Fund Balance
915 - Assigned Unappropriated Fund Balance
Total for Assigned Fund Balance
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DA - Highway Town -wide
Balance Sheet
12/31 /2024 12/31 /2023 12/31 /2022
$32,324.50
$18,679.62
$65,378.39
$24,910.82
$4,080.69
$7,307.82
$57,235.32
$22,760.31
$72,686.21
$57,235.32
$22,760.31
$72,686.21
- $7,919.61 $0.00
$0.00 $7,919.61 $0.00
$539,188.39 $472,551.23 $73,905.33
$0.00
$539,188.39 $472, 551.23 $73,905.33
$32,040.00 $49,243.00 $80,000.00
$317,151.53 $103,618.25 $191,082.59
$349,191.53 $152,861.25 $271,082.59
32 OSC Municipality Code 500335200000
Town of Groton
pnnu
al Financial RePOr' 31120 )A
For the Fiscal Period 01f0112024 -
DPI HrghWay ToWWn.'de
Balance Sheet 1213112023
121311202 $633,332.09
$888,379.92
.40
Balance d Balances
Total for Fund Inflows and Fun
Total for Liab►li{1es, Deferred
33
12131 f 2022
$344,987.92
$417,674.13
Code 500335200000
OSC Municipality
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes
Total for Property Taxes
Intergovernmental Charges
2302 - Snow Removal Services Other Governments
Tompkins County contract
Total for Intergovernmental Charges
Use of Money and Property
2401 - Interest and Earnings
Total for Use of Money and Property
Sales of Property and Compensation for Loss
2650 - Sales of Scrap and Excess Materials
Total for Sales of Property and Compensation for Loss
Other Revenues
2701 - Refunds of Prior Year Expenditures
2770 - Unclassified
Sale of excess material
Total for Other Revenues
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DA - Highway Town -wide
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$825,600.00
$705,000.00
$705,000.00
$825,600.00
$705,000.00
$705,000.00
$166, 756.47
$178,158.62
$214, 700.68
$166,756.47
$178,158.62
$214, 700.68
$11,132.90
$4,283.73
$1,542.07
$11,132.90
$4,283.73
$1,542.07
$51,127.45
$1,250.00
$17,689.55
$51,127.45
$1,250.00
$17,689.55
$523.09
-
$649.70
$11,378.48
$3,640.47
$4,379.86
$11,901.57
$3,640.47
$5,029.56
34 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DA - Highway Town -wide
Results of Operations
12/31 /2024 12/31 /2023 12131 /2022
Total for Revenues $1,066,518.39 $892,332.82 $943,961.86
Other Sources
Operating Transfers
5031 - Interfund Transfers - $97,927.06 $115,975.68
Total for Operating Transfers $0.00 $97,927.06 $115,975.68
Total for Other Sources $0.00 $97,927.06 $115,975.68
Total for Revenues and Other Sources $1,066,518.39 $990,259.88 $1,059,937.54
35 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DA - Highway Town -wide
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
Expenditures and Other Uses
Expenditures
Transportation
Highway
51201 - Maintenance of Bridges - Personal Services
-
$12,903.94
$14,973.16
51204 - Maintenance of Bridges - Contractual
$14,140.63
$17,497.53
$6,085.46
51301 - Machinery - Personal Services
$72,740.57
$75,986.39
$84,314.14
51302 - Machinery - Equipment and Capital Outlay
$54,248.43
$24,725.00
$162,287.13
51304 - Machinery - Contractual
$266,264.92
$108,601.93
$134,306.97
51401 - Brush And Weeds - Personal Services
$38,769.16
$22,093.27
$17,241.21
51404 - Brush And Weeds - Contractual
$3,682.51
$674.74
$2,394.64
51421 - Snow Removal - Personal Services
$68,606.66
$63,039.21
$108,831.96
51422 - Snow Removal - Equipment and Capital Outlay
-
$97,927.06
$138,075.68
51424 - Snow Removal - Contractual
$94,295.98
$81,578.35
$76,503.47
51481 - Highway Services for Other Governments - Personal
$29,027.86
$22,875.80
$39,594.85
Services
Tompkins County Contract
51484 - Highway Services for Other Governments - Contractual
$76,969.23
$114,002.29
$125,379.95
Tompkins County Contract
Total for Highway
$718,745.95
$641,905.51
$909,988.62
Total for Transportation
$718,745.95
$641,905.51
$909,988.62
Employee Benefits
36 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DA - Highway Town -wide
Results of Operations
12/31 /2024
12/31 /2023
12/31 /2022
Employee Benefits
90108 - State Retirement System - Employee Benefits
$21,000.00
$14,904.00
$41,000.00
90308 - Social Security - Employee Benefits
$15,583.39
$14,727.91
$19,802.14
90408 - Workers' Compensation - Employee Benefits
$8,700.00
$9,300.00
$10,000.00
90558 - Disability Insurance - Employee Benefits
$236.70
$239.85
$141.50
90608 - Hospital, Medical and Dental Insurance - Employee
$27,212.27
$20,838.44
$21,690.80
Benefits
Total for Employee Benefits
$72,732.36
$60,010.20
$92,634.44
Total for Employee Benefits
$72,732.36
$60,010.20
$92,634.44
Total for Expenditures
$791,478.31
$701,915.71
$1,002,623.06
Total for Expenditures and Other
31
$701,W1
$1,002,623.06
37 OSC Municipality Code 500335200000
LAnalysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year
8015 - Prior Period Adjustment OR Change in Accounting
Principle - Decrease in Fund Balance
Based on outside audit - correct NYSLRS accrual
8022 - Restated Fund Balance - Beginning of Year
Add Revenues and Other Sources
Deduct Expenditures and Other Uses
8029 - Fund Balance - End of Year
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DA - Highway Town -wide
Changes in Fund Balance
$633,332.09
$19,992.25
$613,339.84
$1,066,518.39
$791,478.31
$888,379.92
12/31 /2
$344,987.92 $287,677.00
$3.56
$344,987.92 $287,673.44
$990,259.88 $1,059,937.54
$701,915.71 $1,002,623.06
$633,332.09 $344,987.92
38 OSC Municipality Code 500335200000
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes
2399 - Est Rev - Intergovernmental Charges
2499 - Est Rev - Use of Money and Property
2699 - Est Rev - Sales of Property and Compensation for Loss
2799 - Est Rev - Other Revenues
Total for Estimated Revenue
Estimated Other Sources
599 - Appropriated Fund Balance
Total for Estimated Other Sources
Total for Estimated Revenues and Other Sources
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DA - Highway Town -wide
Adopted Budget Summary
12/31 /2025
$814,000.00
$108, 541.00
$4,800.00
$2,000.00
$3,000.00
$932,341.00
$32,040.00
$32,040.00
$964,381.00
12/31 /2024
$825,600.00
$166, 756.00
$1,800.00
$2,000.00
$3,000.00
$999,156.00
$49,243.00
$49,243.00
$1,048,399.00
12/31 /2023
$705,000.00
$178,159.00
$1,000.00
$5,000.00
$3,000.00
$892,159.00
$80,000.00
$80,000.00
$972,159.00
39 OSC Municipality Code 500335200000
1213112p23
O _
1213112024
i213`1120*25 -jp�- 459 p0
715,
�g1700.00
�g05,659.00
$84,740.00
V0001ns $6521341 DO 3g9.
�g90' p00•p0
ropriations and Other
$92,040.p0 $175,
� NNW00
TOM App
ropriations
Estimated App orta,�on
5999 - ppp - loy� ee Benefits
g1g9 - App Erne d Appropriations
Estimate
er uses
ated Purposes
tim er Budgetary
g62 - Oth Uses $es
Estimated Other and ether U
'Total f or Estimated Appropriations a
I Total f
40
Town of Groton
nc- Repo p24
Pnr'uai Fina 024 -1213112
For the Fiscal Period p110112
pA . Hi9 h ay Summary
Adopted B
$144,30.00
0.
�,58,p00.00
0p000
OSC Nlunicip
ality COde 5p03352
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DB - Highway Part -town
Balance Sheet
12/31 /2024 12131 /2023 12131 /2022
Assets and Deferred Outflows I
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits
$1,228,923.50
$1,091,768.40
$921,775.55
Total for Cash and Cash Equivalents
$1,228,923.50
$1,091,768.40
$921,775.55
Due From
440 - Due from Other Governments
$46,013.65
$73,397.73
$70,000.00
Tompkins County Sales Tax - Dec 2024
Total for Due From
$46,013.65
$73,397.73
$70,000.00
Other Assets
480 - Prepaid Expenses
$6,801.14
$6,150.75
$2,692.52
Total for Other Assets
$6,801.14
$6,150.75
$2,692.52
Total for Assets
$1,281,738.29
$1,171,316.88
$994,468.07
Total for Assets and Deferred Outflows
$1,281,738.29
$1,171,316.88
$994,468.07
41 OSC Municipality Code 500335200000
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable
601 - Accrued Liabilities
Total for Payables
Total for Liabilities
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form
Total for Nonspendable Fund Balance
Assigned Fund Balance
914 - Assigned Appropriated Fund Balance
915 - Assigned Unappropriated Fund Balance
Total for Assigned Fund Balance
19tal for Fund Balance
Total for Liabilities, Deferred Inflows and Fund Balances
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DB - Highway Part -town
Balance Sheet
12/31 /2024 12/31 /2023 12/31 /2022
$9,864.97 - $108.80
$22,489.84 $2,302.12 $127.57
$32,354.81 $2,302.12 $236.37
$32,354.81 $2,302.12 $236.37
$6,801.14
$6,150.75
$2,692.52
$6,801.14
$6,150.75
$2, 692.52
$286,900.00
$190,400.00
$155,000.00
$955,682.34
$972,464.01
$836,539.18
$1,242,582.34
$1,162,864.01
$991,539.18
$1,249,383.48
$1,169,014.76
$994,231.70
$1,281,738.29
$1,171,316.88
JL$99A68.07
42 OSC Municipality Code 500335200000
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes
Total for Property Taxes
Non -Property Tax Items
1120 - Non Property Tax Distribution by County
Total for Non -Property Tax Items
Use of Money and Property
2401 - Interest and Earnings
Total for Use of Money and Property
State Aid
3501 - State Aid Consolidated Highway Aid
Total for State Aid
Total for Revenues
Total for Revenues and Other Sources
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DB - Highway Part -town
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
$103,000.00
$184,500.00
$204,500.00
$103,000.00
$184, 500.00
$204, 500.00
$416,956.26
$432,336.25
$386,549.78
$416,956.26
$432,336.25
$386,549.78
$5,172.54
$4,673.67
$2,318.56
$5,172.54
$4,673.67
$2,318.56
$255,408.93
$300,598.35
$257,768.86
$255,408.93
$300,598.35
$257,768.86
$780,537.73
$922,108.27
$851,137.20
$780, 537.73
$922,108.27
$85*7.20
43 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DB - Highway Part -town
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
Expenditures and Other Uses
Expenditures
Transportation
Highway
51101 - Maintenance of Roads - Personal Services
$175,936.78
$148,971.18
$138,398.66
51104 - Maintenance of Roads - Contractual
$140,404.06
$184,298.16
$153,773.85
51122 - Permanent Improvements Highway - Equipment and
$249,155.31
$292,463.98
$245,126.81
Capital Outlay
51304 - Machinery - Contractual
$33,209.03
$52,074.91
-
Total for Highway
$598,705.18
$677,808.23
$537,299.32
Total for Transportation
$598,705.18
$677,808.23
$537,299.32
Employee Benefits
Employee Benefits
90108 - State Retirement System - Employee Benefits
$26,000.00
$18,452.25
$25,981.00
90308 - Social Security - Employee Benefits
$13,013.06
$11,462.09
$10,726.85
90408 - Workers' Compensation - Employee Benefits
$10,271.00
$10,979.00
$11,658.00
90608 - Hospital, Medical and Dental Insurance - Employee
$27,426.77
$28,623.64
$32,801.71
Benefits
Total for Employee Benefits
$76,710.83
$69,516.98
$81,167.56
Total for Employee Benefits
$76,710.83
$69,516.98
$81,167.56
44 OSC Municipality Code 500335200000
wn °{ GrotoO VePod 4
ern a\ Fora 110112024 ,12I311202
For the F`Soa\ Per`°d 0 town
patt.
�8 . Nigh o We
at1ons
u�ts
Res 1213112p24
$6? 5 416.01
$675 416.01
�otax lot
ExpendituCees and othef uses
S oval lot EI)LIP tv
45
A V3112p23
$141,325.21
$141,325.21
MU�`d�pa��ty
Code 50p3352000p4
OSC
LAnalysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year
8015 - Prior Period Adjustment OR Change in Accounting
Principle - Decrease in Fund Balance
Based on outside audit - correct NYSLRS accrual
8022 - Restated Fund Balance - Beginning of Year
Add Revenues and Other Sources
Deduct Expenditures and Other Uses
8029 - Fund Balance - End of Year
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DB - Highway Part -town
Changes in Fund Balance
12/31 /2
$1,169,014.76
$994,232.32
$761,562.00
$24,753.00
$0.62
-
$1,144,261.76
$994,231.70
$761,562.00
$780,537.73
$922,108.27
$851,137.20
$675,416.01
$747,325.21
$618,466.88
$1,249,383.48
$1,169,014.76
$994,232.32
46 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
DB - Highway Part -town
Adopted Budget Summary
12/31 /2025 12/31 /2024 12/31 /2023
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes
$130,000.00
$103,000.00
$184,500.00
1199 - Est Rev - Non -Property Tax Items
$260,000.00
$260,000.00
$210,000.00
2499 - Est Rev - Use of Money and Property
$2,000.00
$2,000.00
$1,700.00
3099 - Est Rev - State Aid
$285,000.00
$285,000.00
$277,049.00
Total for Estimated Revenue
$677,000.00
$650,000.00
$673,249.00
Estimated Other Sources
599 - Appropriated Fund Balance
$286,900.00
$190,400.00
$155,000.00
Total for Estimated Other Sources
$286,900.00
$190,400.00
$155,000.00
Total for Estimated Revenues and Other Sources
$963,900.00
$840,400.00
$828,249.00
47 OSC Municipality Code 500335200000
r1atoa5 and ether ages
aced Approp
Appropriations
mated ortatxon
TransP Benefits
5g99 -Ape Employee�ons
g - Pep - other uses
g19 r�ated Ap o d
st'm � ns�
-fotatfo d
Total for Estlmate
wn of Groton
ePOTk Pnr`ua1 F .lnancj 1l2024 12j3112024
For the Fiscal period p1j4 n
05 - VA%q ay e S mma+11
Adopted gudg
121
06F
$�591p0 00
�g0,�p0 p0
loci
0,4p0 00
035
�12g,200 p0
�0,4p0.00
$g63,900 00
1213A= 023
��g.00
�7$,p04•44
�82$ 249
$OZ$ 249 •�
unid�pality
50
033520
0000 Code
OSC M
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SF - Special District(s) Fire Protection
Balance Sheet
12/31 /2024 12/31 /2023 12/31 /2022
Assets and Deferred Outflows
Total for Assets and Deferred Outflows $0.00 $0.00 $0.00
49 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SF - Special District(s) Fire Protection
Balance Sheet
11213112024
12/31/2023 12/31 /2022
aIlities, Deferred Inflows and Fund Ilances $0.00
$0.00
Total for Liabilities, Deferred Inflows and Fund Balances
OSC Municipality Code 500335200000
50
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SF - Special District(s) Fire Protection
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $159,500.00 $156,000.00 $152,000.00
Total for Property Taxes $159,500.00 $156,000.00 $152,000.00
Total for Revenues $159,500.00 $156,000.00 $152,000.00
Total for Revenues and Other Sources $159,500.00 $156,000.00 $152,000.00
51 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SF - Special District(s) Fire Protection
Results of Operations
12/31 /2024
12/31 /2023
12/31 /2022
Expenditures and Other Uses
Expenditures
Public Safety
Fire Protection
34104 - Fire Protection - Contractual
$159,500.00
$156,000.00
$152,000.00
Total for Fire Protection
$159,500.00
$156,000.00
$152,000.00
Total for Public Safety
$159,500.00
$156,000.00
$152,000.00
Total for Expenditures
$159,500.00
$156,000.00
$152,000.00
Total for Expenditures and Other Uses
$159,500.00
$156,000.00
$152,000.00
52 OSC Municipality Code 500335200000
LAnalysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year
8022 - Restated Fund Balance - Beginning of Year
Add Revenues and Other Sources
Deduct Expenditures and Other Uses
8029 - Fund Balance - End of Year
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SF - Special District(s) Fire Protection
Changes in Fund Balance
12/31 /2024
$0.00
$0.00
$159,500.00
$159,500.00
$0.00
12/31 /2023 12/31 /2022
$0.00
$0.00
$0.00
$0.00
$156, 000.00
$152, 000.00
$156, 000.00
$152, 000.00
$0.00
$0.00
53 OSC Municipality Code 500335200000
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits
Total for Cash and Cash Equivalents
Total for Assets
Total for Assets and Deferred Outflows
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SL - Special District(s) Lighting
Balance Sheet
12/31 /2024
$48,623.49
$48,623.49
$48,623.49
12/31 /2023 12/31 /2022
$51,392.75 $53,079.48
$51,392.75 $53,079.48
$51,392.75 $53,079.48
,392.75
54 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SL - Special District(s) Lighting
Balance Sheet
12/31/2024
12/31/2023
12/31/2022
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable
$305.62
$309.61
$250.56
Total for Payables
$305.62
$309.61
$250.56
Total for Liabilities
$305.62
$309.61
$250.56
Fund Balance
Assigned Fund Balance
915 - Assigned Unappropriated Fund Balance
$48,317.87
$51,083.14
$52,828.92
Total for Assigned Fund Balance
$48,317.87
$51,083.14
$52,828.92
Total for Fund Balance
$48,317.87
$51,083.14
$52,828.92
Total for Liabiliti ows and Fund Balances
$4
$51,392.75
$53,079.48
55 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SL - Special District(s) Lighting
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $800.00 $1,300.00 $1,300.00
Total for Property Taxes $800.00 $1,300.00 $1,300.00
Use of Money and Property
2401 - Interest and Earnings $110.80 $235.50 $146.01
Total for Use of Money and Property $110.80 $235.50 $146.01
Total for Revenues $910.80 $1,535.50 $1,446.01
venues and Other Sources $1,535.1 $1,446.01
56 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SL - Special District(s) Lighting
Results of Operations
12/31 /2024
12/31 /2023
12/31 /2022
Expenditures and Other Uses
Expenditures
Transportation
Highway
51824 - Street Lighting - Contractual
$3,676.07
$3,281.28
$2,828.28
Total for Highway
$3,676.07
$3,281.28
$2,828.28
Total for Transportation
$3,676.07
$3,281.28
$2,828.28
Total for Expenditures
$3,676.07
$3,281.28
$2,828.28
Total for Expenditures and Other Uses
$3,676.07
$3,281.28
$2,828.28
57 OSC Municipality Code 500335200000
LAnalysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year
8022 - Restated Fund Balance - Beginning of Year
Add Revenues and Other Sources
Deduct Expenditures and Other Uses
8029 - Fund Balance - End of Year
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
SL - Special District(s) Lighting
Changes in Fund Balance
$51,083.80
$51,083.80
$910.80
$3,676.07
$48,318.53
12/31 /2
$52,829.58
$52,829.58
$1, 535.50
$3,281.28
$51,083.80
$54,211.85
$54,211.85
$1,446.01
$2,828.28
$52,829.58
58 OSC Municipality Code 500335200000
wn 01 Groton
ePOTk Pnn F
al.lnancj1!2 2412�3�l2024
For the F,Soa1 period p1j0
Custodial 1213A12023
TC . f NetPosition
statement o
goomo-
A-ZJW2024
Assets and pe{er d pudloWS
and Deferred Ou�lo�s
TotalJOT Assets
59
12I02022
unia�pality
50
033520
0000 Code
OSC M
0{ GfotOn
nn a Finance 1 2024A 12j3112024
A
r the F`SOal period 0110 023
F° dla� 1213�12
TC . Cu Netp°s�tt°n
Statement °f
1213t 12024 �0.00
$0.00
et P °Stt
``ap�tit�es,
eferred \nf`Ows and ows and NPosttton
iab`Utres De{erred `nf
i?.13AI2022
S0.00
�t GOde 5p03352p0000
M\ nV%x a� y
OSc
Revenues and Other Sources
Total for Revenues and Other Sources
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
TC - Custodial
Results of Operations
12/31 /2024
$0.00
12131 /2023
$0.00
12131 /2022
$0.00
61
OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
TC - Custodial
Results of Operations
12/31 /2024 12/31 /2023 12/31 /2022
Expenditurgknd Other Uses
Total for Expenditures and Other Uses $0.00 $0.00 $0.00
62
OSC Municipality Code 500335200000
LAnalysis of Changes in Net Position
8021 - Net Position - Beginning of Year
8022 - Restated Net Position - Beginning of Year
Add Revenues and Other Sources
Deduct Expenditures and Other Uses
8029 - Net Position - End of Year
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
TC - Custodial
Changes in Net Position
12/31 /2024
$0.00
$0.00
$0.00
$0.00
$0.00
12/31 /2023 12/31 /2022
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
63 OSC Municipality Code 500335200000
sets IN
MEMble Capital Assets
101 - Land
Total for Non -Depreciable Capital Assets
pital Assets
102 - Buildings
104 - Machinery and Equipment
106 - Infrastructure
Total for Depreciabmi
Mr Non -Current
108 - Net Pension Asset Proportionate Share
Total for Other Non -Current Assets
Total for Non -Current Assets
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
K - Schedule of Non -Current Government Assets
Schedule of Non -Current Government Assets
12/31 /2024
12131 /2023
$563,000.00
$563,000.00 $563,000.00
$563,000.00
$563,000.00 $563,000.00
$982,175.70
$982,175.70 $764,008.00
$2,468,226.12
$2,353,614.13
$2,215,839.00
$46,156.00
$46,155.78
$46,156.00
$3,496,557.82
$3,381,945.61
.00
-
-
$178,093.00
$0.00INV
$178,093.00
$4,059,557.82
$3,944_
$3,767,096.00
64 OSC Municipality Code 500335200000
■ ,.-Term obligations
r Long 'Term
op ate share
other ort►on
ion Liability
Net Pens bsences
638 - ensated A� U ations
68�ther L°rag: f erm Ob . g
Total ° Obligations
.Total for Long Term
65
Town of Groton
racal Rep°h p24
Pnnual Finai024 -1213112
For the Fiscal Period p110112
ment Liabilities
Current Liabilities
ofNon_nt Government
W . Sc le Curre
Sa au,of Non_
1213112024
wwwwwomm—■1 ,5g8,p0
$35
$74,g98.72
$426,59
ft
WO
$426,59
121311202�
1213112p23 00—.0001,M
�0.00
$47 ,5p4.14
$47g p83 p0 $41,504.14
$57 ,769.81
g52, $47,Sp4.14
$536,
$536,852
WOO
OSC Nlunicip
ality Code 5p033520p000
wn °\ o GrotooXA 4
� a\ F\na 11011202'� ,12I311202
or the F�sOa\ Pec`od 0 du\es
F guPp\e�`erta\ S°fie
des the to\\oW\n9 SchedU\es.
-\he SuPP\eme
nta\ Schedu\es \nc\ti
temeot °{ \ndehtedness
gta
. Bond Repayment
Baak Recorc�C�atwa
nd Re
EMool ee atiree Benefits
.•
MU�`d�pa\sty
Gode 50p3352000p4
OSC
Town of Groton
Annual Financial Repo-12/3112024
For the Fiscal Period 011011202
Statement 01 indebtedness
You
have indicated you have no debt data to report'
67
OSC Municipality Code 500335200000
Wn °{ ° GfOkpoh 4
VeP
� a\ Fora 11011202'� ,12I311202
F
or the F�Soa\ Pec`od 0 ent
Bo"d RepaYm
Cement of indebted°ess.
No go
nds Rep°fed gta
M.
MU�`d�pa��ty
Code 50p3352000p4
OgG
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
Bank Reconciliation
Accounts
Account No.
Account Type
Associated Fund(s)
Bank Balance
Deposits In Transit
Outstanding Checks
Adjustments
Total
6716
Savings
CD
$5,000.00
$0.00
$0.00
$0.00
$5,000.00
8002
Checking
A, B, DA, DB, SF, SL
$8,226.69
$0.00
($3,740.55)
$0.00
$4,486.14
2316
Savings
A, B, DA, DB, SF, SL
$2,431,433.85
$0.00
($209,737.18)
($11.63)
$2,221,685.04
537
Savings
CD
$43,115.47
$0.00
$0.00
$0.00
$43,115.47
457
Certificate of
Deposit (CD)
A
$273,767.94
$0.00
$0.00
$0.00
$273,767.94
Total
$2,761,543.95
$0.00
($213,477.73)
($11.63)
$2,548,054.59
Total Cash From Financials $2,548,054.59
69 OSC Municipality Code 500335200000
Collateralization
70
Town of Groton
racRepo p24
Period p110112
Pnr'ual Finaial 02� -1213112
For the Fiscal
Bank Reconciliation
In,,estments and
Collateralization
OSC Nlunicip
ality Code 5p033520p000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2024 - 12/31/2024
Employee and Retiree Benefits
Total Number
Full Time Employees
Part Time Employees
Volunteers with Paid Benefits
Retirees with Paid Benefits
12
24
6
Number Receving Benefits
Benefit
Amount
Full Time
Part Time
Volunteer
Retiree
State Retirement System
$70,713.00
12
3
0
Police Retirement
Fire Retirement
Local Pension Fund
Social Security
$55,669.70
12
24
0
Worker's Compensation
$31,101.00
12
24
0
Life Insurance
Unemployment Insurance
Disability Insurance
$236.70
9
1
0
Hospital, Medical and Dental Insurance
$144,377.76
8
0
6
Union Welfare Benefits
Supplemental Benefit Payments to Disabled Firefighters
Employee Benefits,Other
Total Employee Benefits Paid $302,098.16
71 OSC Municipality Code 500335200000