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Home My WebLink About2024 Annual Financial Report Certified- RotatedTown of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 Authorization Article 3, Section 30 of the General Municipal Law 1. ***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*** 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, Donald Scheffler (LG500335200000A), hereby certify that I am the Chief Financial Officer of the Town of Groton, and that the information provided in the Annual Financial Report of the Town of Groton for the fiscal year ended 12/31/2024, is true and correct to the best of my knowledge and belief. Table of contents FinancialStatements ..................................................................................................................... 1 A- General .................................................................................................................. 2 B - General Town -Outside Village .................................................................................................................. 17 CD- Special Grant .................................................................................................................. 26 DA- Highway Town-wide .................................................................................................................. 31 DB- Highway Part-town .................................................................................................................. 41 SF - Special District(s) Fire Protection .................................................................................................................. 49 SL - Special District(s) Lighting .................................................................................................................. 54 TC- Custodial .................................................................................................................. 59 K - Schedule of Non -Current Government Assets .................................................................................................................. 64 W - Schedule of Non -Current Government Liabilities .................................................................................................................. 65 SupplementalSchedules ..................................................................................................................... 66 Statementof Indebtedness .................................................................................................................. 67 BondRepayment .................................................................................................................. 68 BankReconciliation .................................................................................................................. 69 Employeeand Retiree Benefits .................................................................................................................. 71 Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 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 2024 and has been used by the OSC as the basis for preparing this Annual Financial Report for the fiscal year ended 2024: List of funds being used • A -General • B - General Town -Outside Village • CD - Special Grant • DA - Highway Town -wide • DB - Highway Part -town • SF - Special District(s) Fire Protection • SL - Special District(s) Lighting • TC - Custodial • K - Schedule of Non -Current Government Assets • W - Schedule of Non -Current Government Liabilities All amounts included in this Annual Financial Report for 2024 represent data filed by your government with OSC as reviewed and adjusted where necessary. 1 OSC Municipality Code 500335200000 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 12/31 /2023 12/31 /2022 $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 Total for Liabilities, Deferred Inflows and Fund Balances 1 $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 12/31 /2023 $725,412.42 $725,412.42 12/31 /2022 $745,163.78 $745,163.78 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 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 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 $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 1 Analvsis of Chanaes 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 $729,677.00 $650,469.00 $600,350.00 599 - Appropriated Fund Balance $180,822.85 $203,239.00 $180,000.00 $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 $780,350.00 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 12/31 /2023 12/31 /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 $299,037.05 12/31/2023 $25,878.00 $25,878.00 $360,229.07 $360,229.07 12/31 /2022 $25,878.00 $25,878.00 $343,484.13 $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 80201 - Planning and Surveys - Personal Services 80204 - Planning and Surveys - Contractual Total for General Environment 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 90608 - Hospital, Medical and Dental Insurance - Employee Benefits Total for Employee Benefits Total for Employee Benefits Total for Expenditures Total for Expenditures and Other Uses MW 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 $6,215.30 $6,542.12 $6,550.38 $723.44 $1,094.49 $68,638.29 $66,719.66 $60,889.37 $68,638.29 $66,719.66 $60,889.37 $7,000.00 $4,968.00 $10,000.00 $4,644.95 $4,596.91 $4,548.19 $1,730.00 $1,860.00 $2,000.00 - - $3,500.00 $13,374.95 $11,424.91 $20,048.19 $13,374.95 $11,424.91 $20,048.19 $317,882.10 $320,242.49 $311,621.84 $317,882.10 $320,242.49 $311,621.84 22 OSC Municipality Code 500335200000 Analysis 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&2024 $294,850.81 $6,664.50 $288,186.31 $299,037.05 $317,882.10 $269,341.26 $254,866.29 $2.06 $254,864.23 $360,229.07 $320,242.49 $294,850.81 $223,004.00 $223,004.00 $343,484.13 $311,621.84 $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 Reve%L $271&1.00 $294,028.00 ti 599 - Appropriated Fund Balance $119,552.58 $94,507.00 $75,000.00 Ftal for Estimated Other Sources $119,552.58 $94,507.00 $75,000.00 stal for Estimated Revenues and Other Sources $373,402.58 $371,458.00 $369,028.00 24 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 Appropriations and Other Uses Estimated Appropriations 1999 - App - General Government Support $12,762.00 $10,342.00 $10,342.00 4999 - App - Health $183,500.00 $180,500.00 $177,000.00 6999 - App - Economic Assistance and Opportunity $250.00 $250.00 $250.00 7999 - App - Culture and Recreation $76,384.20 $82,580.00 $91,000.00 8999 - App - Home and Community Services $79,166.38 $79,136.00 $72,536.00 9199 - App - Employee Benefits $21,340.00 $18,650.00 $17,900.00 Total for Estimated Appropriations $373,402.58 $371,458.00 $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 12/31 /2023 12/31 /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 Total for Assets and Deferred Outflows $48,115.47 $43,066.88 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 for Fund 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 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 Revenues and Other Sources Revenues Departmental Income 2170 - Community Development Income $5,000.00 - - Total for Departmental Income $5,000.00 $0.00 $0.00 Use of Money and Property 2401 - Interest and Earnings $21.62 $26.97 $16.10 Total for Use of Money and Property $21.62 $26.97 $16.10 Total for Revenues $5,021.62 $26.97 $16.10 Total for Revenues and Other Sources $5,021.62 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 Expenditures and Other Uses Total for Expenditures and Other Uses 29 OSC Municipality Code 500335200000 Analysis 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 CD - Special Grant Changes in Fund Balance 1 $43,093.85 $43,093.85 $5,021.62 $0.00 $48,115.47 $43,066.88 $43,066.88 $26.97 $0.00 $43,093.85 $43,050.78 $43,050.78 $16.10 $0.00 $43,066.88 30 OSC Municipality Code 500335200000 Assets and Deferred Outflows 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 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 $406,426.85 $175,621.56 $122,893.92 $406,426.85 $175, 621.56 $122,893.92 - - $220,874.88 $0.00 $0.00 $220,874.88 $539,188.39 $472,551.23 $73,905.33 $539,188.39 $472, 551.23 $73, 905.33 - $7,919.61 $0.00 $0.00 $7,919.61 $0.00 $945, 615.24 $ 656, 092.40 $417,674.13 $945,615.24 $656,092.40 $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 Total 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 DA - Highway Town -wide Balance Sheet 12/31 /2024 $888,379.92 . $945,615.24 12/31 /2023 $633,332.09 $656,092.40 12/31 /2022 $ 344, 987.92 $417,674.13 33 OSC Municipality Code 500335200000 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 12/31 /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 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 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 $21,000.00 $15,583.39 $8,700.00 $236.70 $27,212.27 $72,732.36 $72,732.36 Total for Expenditures $791,478.31 Total for Expenditures and Other U NOW 791,478.31 12/31 /2023 $14,904.00 $14,727.91 $9,300.00 $239.85 $20,838.44 $60, 010.20 $60, 010.20 $701,915.71 $701,915.71 12/31 /2022 $41,000.00 $19,802.14 $10,000.00 $141.50 $21,690.80 $92,634.44 $92, 634.44 $1,002,623.06 $1,002,623.06 37 OSC Municipality Code 500335200000 Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 DA - Highway Town -wide Changes in Fund Balance 11W0 Analysis of Changes in Fund Balance 8021 - Fund Balance - Beginning of Year $633,332.09 $344,987.92 $287,677.00 8015 - Prior Period Adjustment OR Change in Accounting $19,992.25 - $3.56 Principle - Decrease in Fund Balance Based on outside audit - correct NYSLRS accrual 8022 - Restated Fund Balance - Beginning of Year $613,339.84 $344,987.92 $287,673.44 Add Revenues and Other Sources $1,066,518.39 $990,259.88 $1,059,937.54 Deduct Expenditures and Other Uses $791,478.31 $701,915.71 $1,002,623.06 8029 - Fund Balance - End of Year $888,379.92 $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 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 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 Estimated Appropriations and Other Uses Estimated Appropriations 5999 - App - Transportation $652,341.00 12/31 /2023 $905,659.00 $715,459.00 9199 - App - Employee Benefits $92,040.00 $84,740.00 $81,700.00 Wtal for Estimated Appropriations'X timated Other Use 962 - Other Budgetary Purposes $220,000.00 $58,000.00 $175,000.00 40 OSC Municipality Code 500335200000 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 Assets and Deferred Outflows 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 Total 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 $994,468.07 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 $851,137.20 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 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 Total for Expenditures $675,416.01 $747,325.21 $618,466.88 Total for Expenditures and Other Uses 45 OSC Municipality Code 500335200000 Analysis 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 1 $1,169,014.76 $24,753.00 $1,144,261.76 $780,537.73 $675,416.01 $1,249,383.48 $994,232.32 $761,562.00 $0.62 - $994,231.70 $761,562.00 $922,108.27 $851,137.20 $747,325.21 $618,466.88 $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 /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 Wtal for Estimated Other Sources $286,900.00 $190,400.00 $155,000.00 Rotal for Estimated Revenues and Other Sources $840,400.00 $828,249.00 47 OSC Municipality Code 500335200000 Estimated Appropriations and Other Uses Estimated Appropriations 5999 - App - Transportation 9199 - App - Employee Benefits al for Estimated Appropriations Total for Estimated Appropriations and Other Uses 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 $835,700.00 W_ —4 $128,200.00 $963,900.00 qvWWr $963,900.00 12/31 /2024 $759,700.00 12/31 /2023 $750,249.00 $80,700.00 $78,000.00 $840,400.00 $82 $840,400.00 $828,249.00 48 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 12/31 /2024 12/31 /2023 12/31 /2022 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 12/31 /2024 12/31 /2023 12/31 /2022 Liabilities, Deferred Inflows and Fund Balances Total for Liabilities, Deferred Inflows and Fund Balances 50 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 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 Analysis 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 $0.00 $0.00 $156,000.00 $156,000.00 $0.00 12/31 /2022 $0.00 $0.00 $152, 000.00 $152, 000.00 $0.00 53 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 Assets and Deferred Outflows Assets Cash and Cash Equivalents 201 - Cash In Time Deposits $48,623.49 $51,392.75 $53,079.48 Total for Cash and Cash Equivalents $48,623.49 $51,392.75 $53,079.48 Total for Assets $48,623.49 $51,392.75 $53,079.48 Total for Assets and Deferred Outflows $51,392.75 $53,079.48 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 Liabilities, Deferred Inflows and Fund Balances $51,392.75 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 Total for Revenues and Other Sources $1,535.50 $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 Analysis 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 i1Wo $51,083.80 $51,083.80 $910.80 $3,676.07 $48, 318.53 $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 Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 TC - Custodial Statement of Net Position 12/31 /2024 12/31 /2023 12/31 /2022 $0.00 59 OSC Municipality Code 500335200000 Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 TC - Custodial Statement of Net Position 12/31 /2024 12/31 /2023 12/31 /2022 Liabilities, Deferred Inflows and Net Position Total for Liabilities, Deferred Inflows and Net Position 60 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 Revenues and Other Sources Total for Revenues and Other Sources 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 Expenditures and Other Uses Total for Expenditures and Other Uses 62 OSC Municipality Code 500335200000 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 12/31 /2022 Analysis of Changes in Net Position 8021 - Net Position - Beginning of Year $0.00 $0.00 $0.00 8022 - Restated Net Position - Beginning of Year $0.00 $0.00 - Add Revenues and Other Sources $0.00 $0.00 $0.00 Deduct Expenditures and Other Uses $0.00 $0.00 $0.00 8029 - Net Position - End of Year $0.00 $0.00 $0.00 63 OSC Municipality Code 500335200000 Non -Current Assets Non -Depreciable Capital Assets 101 - Land tal for Non -Depreciable Capital Assets DepreWk Wnrtal Assets 102 - Buildings 104 - Machinery and Equipment 106 - Infrastructure 108 - Net Pension Asset Proportionate Share tal for Other Non -Current Assets stal 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 2 12/31 /2022 $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 dW26,003.0jj - - $178, 093.00 $0.00 $0.00 $178,093.00 $3,767,096.00 64 OSC Municipality Code 500335200000 Other Long -Term Obligations 638 - Net Pension Liability Proportionate Share 687 - Compensated Absences ligations Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 W - Schedule of Non -Current Government Liabilities Schedule of Non -Current Government Liabilities 12/31 /2024 12/31 /2022 $351,598.00 $479,083.00 $0.00 $74,998.72 $57,769.81 $47,504.14 $536,852.81 $47,504.14 $536,852.81 $47,504.14 65 OSC Municipality Code 500335200000 Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 Supplemental Schedules The Supplemental Schedules includes the following schedules: • Statement of Indebtedness • Bond Repayment • Bank Reconciliation • Employee and Retiree Benefits 66 OSC Municipality Code 500335200000 Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 Statement of Indebtedness You have indicated you have no debt data to report. 67 OSC Municipality Code 500335200000 Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 Bond Repayment No Bonds Reported in the Statement of Indebtedness. 68 OSC Municipality Code 500335200000 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 Town of Groton Annual Financial Report For the Fiscal Period 01/01/2024 - 12/31/2024 Bank Reconciliation Collateral ization of Cash Investments and Collateral ization of Investments Total Bank Balance $2,761,543.95 Investments From Financials $539,188.39 FDIC Insurance $250,000.00 Market Value as of Fiscal Year End Date $539,188.39 Collateralized with Securities held in possession of the Collateralized with Securities held in possession of the municipality or its agent or otherwise secured $2,875,883.80 municipality or its agent or otherwise secured $539,188.39 Total of FDIC Insurance and Collateralized with securities held in possession of the municipality or its agent or otherwise secured $3,125,883.80 70 OSC Municipality Code 500335200000 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