HomeMy WebLinkAboutAnnual Fiscall Report - Groton - 01_01_2023 - 12_31_2023 - CertifiedTown of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
Authorization
Article 3, Section 30 of the General Municipal Law
***Every Municipal Corporation*** shall annually make a report of its financial condition to the
Comptroller. Such report shall be made by the Chief Fiscal Officer of such Municipal
Corporation***
1.
5.All reports shall be certified by the officer making the same and shall be filed with the
Comptroller*** it shall be the duty of the incumbent officer at the time such reports are required
to be filed with the Comptroller to file such report***
Certification Statement
I, 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 12/31/2023, is true and correct to the best of my knowledge and belief.
Table of contents
Financial Statements .....................................................................................................................1
A - General ..................................................................................................................2
B - General Town-Outside Village ..................................................................................................................17
CD - Special Grant ..................................................................................................................27
DA - Highway Town-wide ..................................................................................................................32
DB - Highway Part-town ..................................................................................................................42
SF - Special District(s) Fire Protection ..................................................................................................................50
SL - Special District(s) Lighting ..................................................................................................................55
TC - Custodial ..................................................................................................................60
K - Schedule of Non-Current Government Assets ..................................................................................................................65
W - Schedule of Non-Current Government Liabilities ..................................................................................................................66
Supplemental Schedules .....................................................................................................................67
Statement of Indebtedness ..................................................................................................................68
Bond Repayment ..................................................................................................................69
Bank Reconciliation ..................................................................................................................70
Employee and Retiree Benefits ..................................................................................................................72
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
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 2023 and has been used by the OSC as the basis for preparing this Annual Financial
Report for the fiscal year ended 2023:
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 2023 represent data filed by your government with OSC as
reviewed and adjusted where necessary.
1 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
A - General
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
200 - Cash --$371.63
201 - Cash In Time Deposits $456,708.56 $592,218.46 $531,623.93
210 - Petty Cash $400.00 $400.00 $400.00
Total for Cash and Cash Equivalents $457,108.56 $592,618.46 $532,395.56
Restricted Cash and Cash Equivalents
230 - Cash Special Reserves $129,800.87 $129,217.58 $129,021.01
Total for Restricted Cash and Cash Equivalents $129,800.87 $129,217.58 $129,021.01
Net Other Receivables
380 - Accounts Receivable $1,095.00 --
Total for Net Other Receivables $1,095.00 $0.00 $0.00
Other Assets
480 - Prepaid Expenses $10,944.34 $4,974.60 $2,632.36
Total for Other Assets $10,944.34 $4,974.60 $2,632.36
Total for Assets $598,948.77 $726,810.64 $664,048.93
Total for Assets and Deferred Outflows $598,948.77 $726,810.64 $664,048.93
2 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable $9,124.99 $7,123.55 $10,222.23
601 - Accrued Liabilities $1,296.32 $1,246.16 $8,449.76
Total for Payables $10,421.31 $8,369.71 $18,671.99
Due to
718 - State Retirement --$371.63
Total for Due to $0.00 $0.00 $371.63
Other Liabilities
688 - Other Liabilities
ARPA
$151,737.18 $249,664.24 $182,819.97
690 - Overpayments and Clearing Account $516.00 $3,785.00 ($1,461.00)
Total for Other Liabilities $152,253.18 $253,449.24 $181,358.97
Total for Liabilities $162,674.49 $261,818.95 $200,402.59
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form $10,944.34 $4,974.60 $2,632.36
Total for Nonspendable Fund Balance $10,944.34 $4,974.60 $2,632.36
3 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Restricted Fund Balance
815 - Unemployment Insurance Reserve $10,515.90 $10,469.00 $10,440.83
878 - Capital Reserve $119,284.97 $118,748.58 $118,580.18
Total for Restricted Fund Balance $129,800.87 $129,217.58 $129,021.01
Assigned Fund Balance
914 - Assigned Appropriated Fund Balance $203,239.00 $180,000.00 $97,000.00
Total for Assigned Fund Balance $203,239.00 $180,000.00 $97,000.00
Unassigned Fund Balance
917 - Unassigned Fund Balance $92,290.07 $150,800.00 $234,992.97
Total for Unassigned Fund Balance $92,290.07 $150,800.00 $234,992.97
Total for Fund Balance $436,274.28 $464,992.18 $463,646.34
Total for Liabilities, Deferred Inflows and Fund Balances $598,948.77 $726,811.13 $664,048.93
4 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $504,500.00 $505,216.60 $498,000.00
Total for Property Taxes $504,500.00 $505,216.60 $498,000.00
Property Tax Items
1090 - Interest and Penalties on Real Prop Taxes $3,837.95 $3,620.04 $3,783.99
Total for Property Tax Items $3,837.95 $3,620.04 $3,783.99
Departmental Income
1232 - Tax Collector Fees $13.10 $13.37 $247.21
1255 - Clerk Fees $1,412.60 $1,328.78 $1,676.87
1550 - Public Pound Charges Dog Control Fees $390.00 $513.00 $240.00
Total for Departmental Income $1,815.70 $1,855.15 $2,164.08
Use of Money and Property
2401 - Interest and Earnings $3,849.22 $2,437.57 $1,678.71
Total for Use of Money and Property $3,849.22 $2,437.57 $1,678.71
Licenses and Permits
2544 - Dog Licenses $15,213.00 $11,918.00 $12,889.00
Total for Licenses and Permits $15,213.00 $11,918.00 $12,889.00
5 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Fines and Forfeitures
2610 - Fines and Forfeited Bail $21,412.50 $15,615.50 $15,140.00
2611 - Fines and Penalties Dog Cases $400.00 $450.00 $125.00
Total for Fines and Forfeitures $21,812.50 $16,065.50 $15,265.00
Sales of Property and Compensation for Loss
2655 - Sales Other $480.00 $45.50 $1.00
2680 - Insurance Recoveries $1,033.80 $721.00 $1,044.78
Total for Sales of Property and Compensation for Loss $1,513.80 $766.50 $1,045.78
Other Revenues
2701 - Refunds of Prior Year Expenditures -$822.26 $1,000.00
2750 - AIM Related Payments $8,000.00 $8,000.00 $8,000.00
2770 - Unclassified
Tompkins County Returned Misc Fees
$258.90 $1,187.89 -
Total for Other Revenues $8,258.90 $10,010.15 $9,000.00
State Aid
3005 - State Aid Mortgage Tax $66,684.29 $77,298.59 $86,603.81
Total for State Aid $66,684.29 $77,298.59 $86,603.81
Federal Aid
4089 - Federal Aid Other $97,927.06 $115,975.68 -
Total for Federal Aid $97,927.06 $115,975.68 $0.00
Total for Revenues $725,412.42 $745,163.78 $630,430.37
6 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Total for Revenues and Other Sources $725,412.42 $745,163.78 $630,430.37
7 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Expenditures and Other Uses
Expenditures
General Government Support
Legislative Board
10101 - Legislative Board - Personal Services $16,416.00 $15,783.84 $15,050.20
10104 - Legislative Board - Contractual -$130.00 -
Total for Legislative Board $16,416.00 $15,913.84 $15,050.20
Judicial
11101 - Municipal Court - Personal Services $81,033.24 $71,076.60 $61,886.35
11102 - Municipal Court - Equipment and Capital Outlay $389.96 --
11104 - Municipal Court - Contractual $6,753.32 $7,476.54 $2,612.60
Total for Judicial $88,176.52 $78,553.14 $64,498.95
Executive
12201 - Supervisor - Personal Services $39,527.80 $46,032.47 $42,487.64
12204 - Supervisor - Contractual $926.07 $1,060.75 $526.83
Total for Executive $40,453.87 $47,093.22 $43,014.47
Finance
13204 - Auditor - Contractual $11,750.00 $11,050.00 $9,900.00
13304 - Tax Collection - Contractual $3,100.00 $2,636.99 $2,448.35
Total for Finance $14,850.00 $13,686.99 $12,348.35
8 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Municipal Staff
14101 - Clerk - Personal Services $59,656.30 $54,657.98 $60,206.48
14102 - Clerk - Equipment and Capital Outlay $780.74 $1,589.21 $150.00
14104 - Clerk - Contractual $1,469.42 $3,243.61 $1,451.64
14204 - Law - Contractual $21,558.50 $10,000.00 $10,000.00
14301 - Personnel - Personal Services $20,684.12 $19,686.25 $27,044.20
14304 - Personnel - Contractual $101.30 $21.99 $285.00
Total for Municipal Staff $104,250.38 $89,199.04 $99,137.32
Shared Services
16201 - Operation of Plant - Personal Services $6,162.91 $6,106.30 $6,622.66
16204 - Operation of Plant - Contractual $58,530.18 $72,851.26 $60,209.32
16402 - Central Garage - Equipment and Capital Outlay $1,905.31 --
16404 - Central Garage - Contractual $2,864.91 $3,486.73 $4,851.22
16704 - Central Printing and Mailing - Contractual $2,929.64 $2,585.13 $2,297.10
Total for Shared Services $72,392.95 $85,029.42 $73,980.30
Special Items
19104 - Unallocated Insurance - Contractual $72,411.23 $68,476.72 $66,977.05
19204 - Municipal Association Dues - Contractual $1,230.00 $1,000.00 $1,000.00
Total for Special Items $73,641.23 $69,476.72 $67,977.05
Total for General Government Support $410,180.95 $398,952.37 $376,006.64
Public Safety
9 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Traffic Control
33101 - Traffic Control - Personal Services $2,637.32 $2,904.57 $2,365.61
33104 - Traffic Control - Contractual $8,948.63 $8,942.80 $12,969.48
Total for Traffic Control $11,585.95 $11,847.37 $15,335.09
Animal Control
35104 - Dog Control - Contractual $22,600.00 $22,151.86 $20,941.00
Total for Animal Control $22,600.00 $22,151.86 $20,941.00
Total for Public Safety $34,185.95 $33,999.23 $36,276.09
Transportation
Highway
50101 - Highway and Street Administration - Personal Services $73,283.86 $70,464.94 $70,464.94
50102 - Highway and Street Administration - Equipment and
Capital Outlay
$780.00 $841.97 $742.75
50104 - Highway and Street Administration - Contractual $805.00 $1,066.87 $1,167.27
Total for Highway $74,868.86 $72,373.78 $72,374.96
Other Transportation
56804 - Transportation, Other - Contractual -$478.00 -
Total for Other Transportation $0.00 $478.00 $0.00
Total for Transportation $74,868.86 $72,851.78 $72,374.96
Economic Assistance and Opportunity
10 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Social Services Programs
60104 - Social Services Administration - Contractual $1,500.00 $1,500.00 $1,500.00
Total for Social Services Programs $1,500.00 $1,500.00 $1,500.00
Economic Opportunity and Development
65104 - Veterans Service - Contractual -$0.00 $300.00
67724 - Programs for the Aging - Contractual $6,300.00 $5,300.00 $5,300.00
Total for Economic Opportunity and Development $6,300.00 $5,300.00 $5,600.00
Total for Economic Assistance and Opportunity $7,800.00 $6,800.00 $7,100.00
Culture and Recreation
Recreation
73104 - Youth Programs - Contractual $509.00 $784.00 $683.00
Total for Recreation $509.00 $784.00 $683.00
Culture
75101 - Historian - Personal Services $1,820.00 $1,750.00 $1,650.00
75104 - Historian - Contractual $750.00 $142.50 $249.13
75204 - Historical Property - Contractual -$0.00 $2,300.00
75504 - Celebrations - Contractual $108.00 $382.50 $145.30
Total for Culture $2,678.00 $2,275.00 $4,344.43
Total for Culture and Recreation $3,187.00 $3,059.00 $5,027.43
11 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Home and Community Services
Special Services
88104 - Cemetery - Contractual $1,445.11 $1,142.64 $1,207.75
Total for Special Services $1,445.11 $1,142.64 $1,207.75
Total for Home and Community Services $1,445.11 $1,142.64 $1,207.75
Employee Benefits
Employee Benefits
90108 - State Retirement System - Employee Benefits $11,861.25 $22,600.00 $19,000.00
90308 - Social Security - Employee Benefits $21,779.23 $21,559.56 $21,395.01
90408 - Workers' Compensation - Employee Benefits $11,150.00 $12,000.00 $12,500.00
90508 - Unemployment Insurance - Employee Benefits --$0.00
90558 - Disability Insurance - Employee Benefits -$100.00 $69.80
90608 - Hospital, Medical and Dental Insurance - Employee
Benefits
$79,744.42 $59,752.77 $51,107.70
Total for Employee Benefits $124,534.90 $116,012.33 $104,072.51
Total for Employee Benefits $124,534.90 $116,012.33 $104,072.51
Total for Expenditures $656,202.77 $632,817.35 $602,065.38
Other Uses
Interfund Transfers
12 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Interfund Transfers
99019 - Transfers to Other Funds - Interfund Transfer
Salt Shed
$97,927.06 $115,975.68 -
Total for Interfund Transfers $97,927.06 $115,975.68 $0.00
Total for Interfund Transfers $97,927.06 $115,975.68 $0.00
Total for Other Uses $97,927.06 $115,975.68 $0.00
Total for Expenditures and Other Uses $754,129.83 $748,793.03 $602,065.38
13 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Changes in Fund Balance
12/31/2023 12/31/2022 12/31/2021
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $464,991.69 $463,646.34 $435,281.35
8012 - Prior Period Adjustment OR Change in Accounting
Principle - Increase in Fund Balance
-$4,974.60 -
8022 - Restated Fund Balance - Beginning of Year $464,991.69 $468,620.94 $435,281.35
Add Revenues and Other Sources $725,412.42 $745,163.78 $630,430.37
Deduct Expenditures and Other Uses $754,129.83 $748,793.03 $602,065.38
8029 - Fund Balance - End of Year $436,274.28 $464,991.69 $463,646.34
14 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Adopted Budget Summary
12/31/2024 12/31/2023 12/31/2022
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes $552,744.00 $504,500.00 $504,500.00
1099 - Est Rev - Property Tax Items $4,075.00 $4,600.00 $4,600.00
1299 - Est Rev - Departmental Income -$1,450.00 $1,400.00
2199 - Est Rev - Departmental Income $1,350.00 --
2499 - Est Rev - Use of Money and Property $2,100.00 $1,600.00 $1,300.00
2599 - Est Rev - Licenses and Permits $12,000.00 $11,000.00 $12,000.00
2649 - Est Rev - Fines and Forfeitures $15,200.00 $14,200.00 $14,200.00
2799 - Est Rev - Other Revenues $8,000.00 $8,000.00 $8,000.00
3099 - Est Rev - State Aid $55,000.00 $55,000.00 $50,000.00
Total for Estimated Revenue $650,469.00 $600,350.00 $596,000.00
Estimated Other Sources
599 - Appropriated Fund Balance $203,239.00 $180,000.00 $97,000.00
Total for Estimated Other Sources $203,239.00 $180,000.00 $97,000.00
Total for Estimated Revenues and Other Sources $853,708.00 $780,350.00 $693,000.00
15 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
A - General
Adopted Budget Summary
12/31/2024 12/31/2023 12/31/2022
Estimated Appropriations and Other Uses
Estimated Appropriations
1999 - App - General Government Support $571,217.00 $515,563.00 $442,035.00
3999 - App - Public Safety $41,420.00 $36,320.00 $35,500.00
5999 - App - Transportation $77,683.00 $75,484.00 $72,665.00
6999 - App - Economic Assistance and Opportunity $9,100.00 $9,100.00 $9,100.00
7999 - App - Culture and Recreation $6,125.00 $5,970.00 $5,700.00
8999 - App - Home and Community Services $1,500.00 $1,500.00 $1,300.00
9199 - App - Employee Benefits $146,663.00 $136,413.00 $126,700.00
Total for Estimated Appropriations $853,708.00 $780,350.00 $693,000.00
Total for Estimated Appropriations and Other Uses $853,708.00 $780,350.00 $693,000.00
16 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
B - General Town-Outside Village
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits $275,604.26 $264,526.29 $208,419.40
Total for Cash and Cash Equivalents $275,604.26 $264,526.29 $208,419.40
Due From
440 - Due from Other Governments
Tompkins County Sales Tax
$18,300.00 $17,000.00 $15,000.00
Total for Due From $18,300.00 $17,000.00 $15,000.00
Other Assets
480 - Prepaid Expenses $1,656.00 --
Total for Other Assets $1,656.00 $0.00 $0.00
Total for Assets $295,560.26 $281,526.29 $223,419.40
Total for Assets and Deferred Outflows $295,560.26 $281,526.29 $223,419.40
17 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable $295.00 $26,263.75 -
601 - Accrued Liabilities $414.45 $398.31 $417.46
Total for Payables $709.45 $26,662.06 $417.46
Total for Liabilities $709.45 $26,662.06 $417.46
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form $1,656.00 --
Total for Nonspendable Fund Balance $1,656.00 $0.00 $0.00
Assigned Fund Balance
914 - Assigned Appropriated Fund Balance $94,507.00 $75,000.00 $58,000.00
915 - Assigned Unappropriated Fund Balance $198,687.81 $179,864.23 $165,001.94
Total for Assigned Fund Balance $293,194.81 $254,864.23 $223,001.94
Total for Fund Balance $294,850.81 $254,864.23 $223,001.94
Total for Liabilities, Deferred Inflows and Fund Balances $295,560.26 $281,526.29 $223,419.40
18 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $192,500.00 $192,500.00 $192,500.00
Total for Property Taxes $192,500.00 $192,500.00 $192,500.00
Non-Property Tax Items
1120 - Non Property Tax Distribution by County $108,400.00 $96,540.00 $110,600.00
1170 - Franchise Tax $16,079.58 $3,046.04 $12,610.82
Total for Non-Property Tax Items $124,479.58 $99,586.04 $123,210.82
Departmental Income
2110 - Zoning Fees $425.00 $120.00 $125.00
2115 - Planning Board Fees $454.94 $5,672.28 $390.39
Total for Departmental Income $879.94 $5,792.28 $515.39
Use of Money and Property
2401 - Interest and Earnings $1,370.65 $688.37 $566.23
Total for Use of Money and Property $1,370.65 $688.37 $566.23
Licenses and Permits
2545 - Licenses Other $50.00 $50.00 $50.00
2555 - Building and Alteration Permits $15,070.90 $18,989.44 $13,060.58
Total for Licenses and Permits $15,120.90 $19,039.44 $13,110.58
19 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Other Revenues
2750 - AIM Related Payments $25,878.00 $25,878.00 $25,878.00
Total for Other Revenues $25,878.00 $25,878.00 $25,878.00
Total for Revenues $360,229.07 $343,484.13 $355,781.02
Total for Revenues and Other Sources $360,229.07 $343,484.13 $355,781.02
20 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Expenditures and Other Uses
Expenditures
General Government Support
Special Items
19204 - Municipal Association Dues - Contractual --$270.00
Total for Special Items $0.00 $0.00 $270.00
Total for General Government Support $0.00 $0.00 $270.00
Health
Other Health
45404 - Ambulance - Contractual $177,000.00 $173,000.00 $168,500.00
Total for Other Health $177,000.00 $173,000.00 $168,500.00
Total for Health $177,000.00 $173,000.00 $168,500.00
Culture and Recreation
Recreation
71404 - Playground and Recreation Centers - Contractual $23,000.00 $23,000.00 $13,000.00
73101 - Youth Programs - Personal Services $374.56 --
73204 - Joint Youth Programs - Contractual $41,723.36 $34,684.28 $36,215.75
Total for Recreation $65,097.92 $57,684.28 $49,215.75
21 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Culture
75504 - Celebrations - Contractual --$1,000.00
Total for Culture $0.00 $0.00 $1,000.00
Total for Culture and Recreation $65,097.92 $57,684.28 $50,215.75
Home and Community Services
General Environment
80101 - Zoning - Personal Services $55,300.00 $53,008.55 $50,444.74
80102 - Zoning - Equipment and Capital Outlay $3,600.00 --
80104 - Zoning - Contractual $554.10 $235.95 $257.97
80201 - Planning and Surveys - Personal Services $6,542.12 $6,550.38 $6,603.72
80204 - Planning and Surveys - Contractual $723.44 $1,094.49 $1,143.07
Total for General Environment $66,719.66 $60,889.37 $58,449.50
Total for Home and Community Services $66,719.66 $60,889.37 $58,449.50
Employee Benefits
Employee Benefits
90108 - State Retirement System - Employee Benefits $4,968.00 $10,000.00 $8,500.00
90308 - Social Security - Employee Benefits $4,596.91 $4,548.19 $4,179.88
90408 - Workers' Compensation - Employee Benefits $1,860.00 $2,000.00 $2,500.00
90608 - Hospital, Medical and Dental Insurance - Employee
Benefits
-$3,500.00 $3,200.00
Total for Employee Benefits $11,424.91 $20,048.19 $18,379.88
22 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Total for Employee Benefits $11,424.91 $20,048.19 $18,379.88
Total for Expenditures $320,242.49 $311,621.84 $295,815.13
Total for Expenditures and Other Uses $320,242.49 $311,621.84 $295,815.13
23 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
Changes in Fund Balance
12/31/2023 12/31/2022 12/31/2021
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $254,866.29 $223,004.00 $173,036.00
8015 - Prior Period Adjustment OR Change in Accounting
Principle - Decrease in Fund Balance
Unknown Discrepancy
$2.06 -$10,000.00
8022 - Restated Fund Balance - Beginning of Year $254,864.23 $223,004.00 $163,036.00
Add Revenues and Other Sources $360,229.07 $343,484.13 $355,781.02
Deduct Expenditures and Other Uses $320,242.49 $311,621.84 $295,815.13
8029 - Fund Balance - End of Year $294,850.81 $254,866.29 $223,004.00
24 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
Adopted Budget Summary
12/31/2024 12/31/2023 12/31/2022
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes $160,423.00 $192,500.00 $192,500.00
1199 - Est Rev - Non-Property Tax Items $80,000.00 $64,000.00 $59,000.00
1299 - Est Rev - Departmental Income -$1,100.00 $1,100.00
2199 - Est Rev - Departmental Income $1,100.00 --
2499 - Est Rev - Use of Money and Property $500.00 $500.00 $450.00
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 $19,000.00
Total for Estimated Revenue $276,951.00 $294,028.00 $281,100.00
Estimated Other Sources
599 - Appropriated Fund Balance $94,507.00 $75,000.00 $58,000.00
Total for Estimated Other Sources $94,507.00 $75,000.00 $58,000.00
Total for Estimated Revenues and Other Sources $371,458.00 $369,028.00 $339,100.00
25 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
B - General Town-Outside Village
Adopted Budget Summary
12/31/2024 12/31/2023 12/31/2022
Estimated Appropriations and Other Uses
Estimated Appropriations
1999 - App - General Government Support $10,342.00 $10,342.00 $10,150.00
4999 - App - Health $180,500.00 $177,000.00 $173,000.00
6999 - App - Economic Assistance and Opportunity $250.00 $250.00 $250.00
7999 - App - Culture and Recreation $82,580.00 $91,000.00 $70,500.00
8999 - App - Home and Community Services $79,136.00 $72,536.00 $64,300.00
9199 - App - Employee Benefits $18,650.00 $17,900.00 $20,900.00
Total for Estimated Appropriations $371,458.00 $369,028.00 $339,100.00
Total for Estimated Appropriations and Other Uses $371,458.00 $369,028.00 $339,100.00
26 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
CD - Special Grant
CD - Special Grant
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits $43,093.85 $43,066.88 $43,050.78
Total for Cash and Cash Equivalents $43,093.85 $43,066.88 $43,050.78
Total for Assets $43,093.85 $43,066.88 $43,050.78
Total for Assets and Deferred Outflows $43,093.85 $43,066.88 $43,050.78
27 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
CD - Special Grant
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Liabilities, Deferred Inflows and Fund Balances
Fund Balance
Assigned Fund Balance
915 - Assigned Unappropriated Fund Balance $43,066.88 $43,066.88 $43,050.78
Total for Assigned Fund Balance $43,066.88 $43,066.88 $43,050.78
Total for Fund Balance $43,066.88 $43,066.88 $43,050.78
Total for Liabilities, Deferred Inflows and Fund Balances $43,066.88 $43,066.88 $43,050.78
28 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
CD - Special Grant
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Revenues and Other Sources
Revenues
Use of Money and Property
2401 - Interest and Earnings $26.97 $16.10 $21.52
Total for Use of Money and Property $26.97 $16.10 $21.52
Total for Revenues $26.97 $16.10 $21.52
Total for Revenues and Other Sources $26.97 $16.10 $21.52
29 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
CD - Special Grant
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Expenditures and Other Uses
Total for Expenditures and Other Uses $0.00 $0.00 $0.00
30 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
CD - Special Grant
Changes in Fund Balance
12/31/2023 12/31/2022 12/31/2021
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $43,066.88 $43,050.78 $43,029.26
8022 - Restated Fund Balance - Beginning of Year $43,066.88 $43,050.78 $43,029.26
Add Revenues and Other Sources $26.97 $16.10 $21.52
Deduct Expenditures and Other Uses $0.00 $0.00 $0.00
8029 - Fund Balance - End of Year $43,093.85 $43,066.88 $43,050.78
31 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
DA - Highway Town-wide
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits $175,621.56 $122,893.92 $132,025.63
Total for Cash and Cash Equivalents $175,621.56 $122,893.92 $132,025.63
Restricted Cash and Cash Equivalents
230 - Cash Special Reserves -$220,874.88 $194,075.27
Total for Restricted Cash and Cash Equivalents $0.00 $220,874.88 $194,075.27
Restricted Investments
452 - Investments in Securities Special Reserves $472,551.23 $73,905.33 -
Total for Restricted Investments $472,551.23 $73,905.33 $0.00
Other Assets
480 - Prepaid Expenses $7,919.61 $0.00 $5,039.96
Total for Other Assets $7,919.61 $0.00 $5,039.96
Total for Assets $656,092.40 $417,674.13 $331,140.86
Total for Assets and Deferred Outflows $656,092.40 $417,674.13 $331,140.86
32 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable $18,679.62 $65,378.39 $36,753.20
601 - Accrued Liabilities $4,080.69 $7,307.82 $6,714.22
Total for Payables $22,760.31 $72,686.21 $43,467.42
Total for Liabilities $22,760.31 $72,686.21 $43,467.42
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form $7,919.61 $0.00 $5,039.96
Total for Nonspendable Fund Balance $7,919.61 $0.00 $5,039.96
Restricted Fund Balance
878 - Capital Reserve $472,551.23 $73,905.33 $194,075.27
899 - Other Restricted Fund Balance -$0.00 $14,997.50
Total for Restricted Fund Balance $472,551.23 $73,905.33 $209,072.77
Assigned Fund Balance
914 - Assigned Appropriated Fund Balance $49,243.00 $80,000.00 $16,000.00
915 - Assigned Unappropriated Fund Balance $103,618.25 $191,082.59 $57,560.71
Total for Assigned Fund Balance $152,861.25 $271,082.59 $73,560.71
33 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Total for Fund Balance $633,332.09 $344,987.92 $287,673.44
Total for Liabilities, Deferred Inflows and Fund Balances $656,092.40 $417,674.13 $331,140.86
34 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $705,000.00 $705,000.00 $675,000.00
Total for Property Taxes $705,000.00 $705,000.00 $675,000.00
Intergovernmental Charges
2302 - Snow Removal Services Other Governments
Tompkins County Snow Plowing Contract
$178,158.62 $214,700.68 $177,732.35
Total for Intergovernmental Charges $178,158.62 $214,700.68 $177,732.35
Use of Money and Property
2401 - Interest and Earnings $4,283.73 $1,542.07 $1,203.74
Total for Use of Money and Property $4,283.73 $1,542.07 $1,203.74
Sales of Property and Compensation for Loss
2650 - Sales of Scrap and Excess Materials $1,250.00 $17,689.55 $9,962.32
Total for Sales of Property and Compensation for Loss $1,250.00 $17,689.55 $9,962.32
Other Revenues
2701 - Refunds of Prior Year Expenditures -$649.70 $3,295.00
2770 - Unclassified
From Town Clerk for Hwy Culverts
$3,640.47 $4,379.86 $8,038.36
Total for Other Revenues $3,640.47 $5,029.56 $11,333.36
35 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Total for Revenues $892,332.82 $943,961.86 $875,231.77
Other Sources
Operating Transfers
5031 - Interfund Transfers $97,927.06 $115,975.68 -
Total for Operating Transfers $97,927.06 $115,975.68 $0.00
Total for Other Sources $97,927.06 $115,975.68 $0.00
Total for Revenues and Other Sources $990,259.88 $1,059,937.54 $875,231.77
36 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Expenditures and Other Uses
Expenditures
Transportation
Highway
51201 - Maintenance of Bridges - Personal Services $12,903.94 $14,973.16 $702.78
51204 - Maintenance of Bridges - Contractual $17,497.53 $6,085.46 $18,686.35
51301 - Machinery - Personal Services $75,986.39 $84,314.14 $75,227.04
51302 - Machinery - Equipment and Capital Outlay $24,725.00 $162,287.13 $14,162.26
51304 - Machinery - Contractual $108,601.93 $134,306.97 $126,207.70
51401 - Brush And Weeds - Personal Services $22,093.27 $17,241.21 $23,470.55
51404 - Brush And Weeds - Contractual $674.74 $2,394.64 $4,209.68
51421 - Snow Removal - Personal Services $63,039.21 $108,831.96 $111,467.71
51422 - Snow Removal - Equipment and Capital Outlay $97,927.06 $138,075.68 -
51424 - Snow Removal - Contractual $81,578.35 $76,503.47 $73,454.56
51481 - Highway Services for Other Governments - Personal
Services
Tompkins County Snow Plowing Contract
$22,875.80 $39,594.85 $34,856.70
51484 - Highway Services for Other Governments - Contractual
Tompkins County Snow Plowing Contract
$114,002.29 $125,379.95 $97,216.24
Total for Highway $641,905.51 $909,988.62 $579,661.57
Total for Transportation $641,905.51 $909,988.62 $579,661.57
Employee Benefits
37 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Employee Benefits
90108 - State Retirement System - Employee Benefits $14,904.00 $41,000.00 $36,973.00
90308 - Social Security - Employee Benefits $14,727.91 $19,802.14 $18,233.01
90408 - Workers' Compensation - Employee Benefits $9,300.00 $10,000.00 $9,625.00
90558 - Disability Insurance - Employee Benefits $239.85 $141.50 $175.00
90608 - Hospital, Medical and Dental Insurance - Employee
Benefits
$20,838.44 $21,690.80 $37,802.12
Total for Employee Benefits $60,010.20 $92,634.44 $102,808.13
Total for Employee Benefits $60,010.20 $92,634.44 $102,808.13
Total for Expenditures $701,915.71 $1,002,623.06 $682,469.70
Total for Expenditures and Other Uses $701,915.71 $1,002,623.06 $682,469.70
38 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
Changes in Fund Balance
12/31/2023 12/31/2022 12/31/2021
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $344,987.92 $287,677.00 $94,911.37
8015 - Prior Period Adjustment OR Change in Accounting
Principle - Decrease in Fund Balance
-$3.56 -
8022 - Restated Fund Balance - Beginning of Year $344,987.92 $287,673.44 $94,911.37
Add Revenues and Other Sources $990,259.88 $1,059,937.54 $875,231.77
Deduct Expenditures and Other Uses $701,915.71 $1,002,623.06 $682,469.70
8029 - Fund Balance - End of Year $633,332.09 $344,987.92 $287,677.00
39 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
Adopted Budget Summary
12/31/2024 12/31/2023 12/31/2022
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes $825,600.00 $705,000.00 $705,000.00
2399 - Est Rev - Intergovernmental Charges $166,756.00 $178,159.00 $214,701.00
2499 - Est Rev - Use of Money and Property $1,800.00 $1,000.00 $700.00
2699 - Est Rev - Sales of Property and Compensation for Loss $2,000.00 $5,000.00 $5,000.00
2799 - Est Rev - Other Revenues $3,000.00 $3,000.00 $3,000.00
Total for Estimated Revenue $999,156.00 $892,159.00 $928,401.00
Estimated Other Sources
599 - Appropriated Fund Balance $49,243.00 $80,000.00 $16,000.00
Total for Estimated Other Sources $49,243.00 $80,000.00 $16,000.00
Total for Estimated Revenues and Other Sources $1,048,399.00 $972,159.00 $944,401.00
40 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DA - Highway Town-wide
Adopted Budget Summary
12/31/2024 12/31/2023 12/31/2022
Estimated Appropriations and Other Uses
Estimated Appropriations
5999 - App - Transportation $905,659.00 $715,459.00 $721,201.00
9199 - App - Employee Benefits $84,740.00 $81,700.00 $123,200.00
Total for Estimated Appropriations $990,399.00 $797,159.00 $844,401.00
Estimated Other Uses
962 - Other Budgetary Purposes $58,000.00 $175,000.00 $100,000.00
Total for Estimated Other Uses $58,000.00 $175,000.00 $100,000.00
Total for Estimated Appropriations and Other Uses $1,048,399.00 $972,159.00 $944,401.00
41 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DB - Highway Part-town
DB - Highway Part-town
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits $1,091,768.40 $921,775.55 $681,012.45
Total for Cash and Cash Equivalents $1,091,768.40 $921,775.55 $681,012.45
Due From
440 - Due from Other Governments
Sales Tax
$73,397.73 $70,000.00 $81,419.12
Total for Due From $73,397.73 $70,000.00 $81,419.12
Other Assets
480 - Prepaid Expenses $6,150.75 $2,692.52 -
Total for Other Assets $6,150.75 $2,692.52 $0.00
Total for Assets $1,171,316.88 $994,468.07 $762,431.57
Total for Assets and Deferred Outflows $1,171,316.88 $994,468.07 $762,431.57
42 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DB - Highway Part-town
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable -$108.80 $87.71
601 - Accrued Liabilities $2,302.12 $127.57 $782.48
Total for Payables $2,302.12 $236.37 $870.19
Total for Liabilities $2,302.12 $236.37 $870.19
Fund Balance
Nonspendable Fund Balance
806 - Not In Spendable Form $6,150.75 $2,692.52 -
Total for Nonspendable Fund Balance $6,150.75 $2,692.52 $0.00
Assigned Fund Balance
914 - Assigned Appropriated Fund Balance $190,400.00 $155,000.00 $180,000.00
915 - Assigned Unappropriated Fund Balance $972,464.01 $836,539.18 $581,561.38
Total for Assigned Fund Balance $1,162,864.01 $991,539.18 $761,561.38
Total for Fund Balance $1,169,014.76 $994,231.70 $761,561.38
Total for Liabilities, Deferred Inflows and Fund Balances $1,171,316.88 $994,468.07 $762,431.57
43 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DB - Highway Part-town
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $184,500.00 $204,500.00 $204,500.00
Total for Property Taxes $184,500.00 $204,500.00 $204,500.00
Non-Property Tax Items
1120 - Non Property Tax Distribution by County $432,336.25 $386,549.78 $420,974.25
Total for Non-Property Tax Items $432,336.25 $386,549.78 $420,974.25
Use of Money and Property
2401 - Interest and Earnings $4,673.67 $2,318.56 $1,487.20
Total for Use of Money and Property $4,673.67 $2,318.56 $1,487.20
State Aid
3501 - State Aid Consolidated Highway Aid $300,598.35 $257,768.86 $247,844.42
Total for State Aid $300,598.35 $257,768.86 $247,844.42
Total for Revenues $922,108.27 $851,137.20 $874,805.87
Total for Revenues and Other Sources $922,108.27 $851,137.20 $874,805.87
44 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DB - Highway Part-town
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Expenditures and Other Uses
Expenditures
Transportation
Highway
51101 - Maintenance of Roads - Personal Services $148,971.18 $138,398.66 $165,373.55
51104 - Maintenance of Roads - Contractual $184,298.16 $153,773.85 $105,436.23
51122 - Permanent Improvements Highway - Equipment and
Capital Outlay
$292,463.98 $245,126.81 $247,844.00
51304 - Machinery - Contractual $52,074.91 --
Total for Highway $677,808.23 $537,299.32 $518,653.78
Total for Transportation $677,808.23 $537,299.32 $518,653.78
Employee Benefits
Employee Benefits
90108 - State Retirement System - Employee Benefits $18,452.25 $25,981.00 $23,500.00
90308 - Social Security - Employee Benefits $11,462.09 $10,726.85 $12,007.27
90408 - Workers' Compensation - Employee Benefits $10,979.00 $11,658.00 $13,500.00
90608 - Hospital, Medical and Dental Insurance - Employee
Benefits
$28,623.64 $32,801.71 $53,857.36
Total for Employee Benefits $69,516.98 $81,167.56 $102,864.63
Total for Employee Benefits $69,516.98 $81,167.56 $102,864.63
45 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DB - Highway Part-town
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Total for Expenditures $747,325.21 $618,466.88 $621,518.41
Total for Expenditures and Other Uses $747,325.21 $618,466.88 $621,518.41
46 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DB - Highway Part-town
Changes in Fund Balance
12/31/2023 12/31/2022 12/31/2021
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $994,232.32 $761,562.00 $547,031.00
8012 - Prior Period Adjustment OR Change in Accounting
Principle - Increase in Fund Balance
--$0.00
8015 - Prior Period Adjustment OR Change in Accounting
Principle - Decrease in Fund Balance
Rounding
$0.62 -$38,757.14
8022 - Restated Fund Balance - Beginning of Year $994,231.70 $761,562.00 $508,273.86
Add Revenues and Other Sources $922,108.27 $851,137.20 $874,805.87
Deduct Expenditures and Other Uses $747,325.21 $618,466.88 $621,518.41
8029 - Fund Balance - End of Year $1,169,014.76 $994,232.32 $761,562.00
47 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DB - Highway Part-town
Adopted Budget Summary
12/31/2024 12/31/2023 12/31/2022
Estimated Revenues and Other Sources
Estimated Revenue
1049 - Est Rev - Property Taxes $103,000.00 $184,500.00 $204,500.00
1199 - Est Rev - Non-Property Tax Items $260,000.00 $210,000.00 $195,000.00
2499 - Est Rev - Use of Money and Property $2,000.00 $1,700.00 $1,200.00
3099 - Est Rev - State Aid $285,000.00 $277,049.00 $128,300.00
Total for Estimated Revenue $650,000.00 $673,249.00 $529,000.00
Estimated Other Sources
599 - Appropriated Fund Balance $190,400.00 $155,000.00 $180,000.00
Total for Estimated Other Sources $190,400.00 $155,000.00 $180,000.00
Total for Estimated Revenues and Other Sources $840,400.00 $828,249.00 $709,000.00
48 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
DB - Highway Part-town
Adopted Budget Summary
12/31/2024 12/31/2023 12/31/2022
Estimated Appropriations and Other Uses
Estimated Appropriations
5999 - App - Transportation $759,700.00 $750,249.00 $598,000.00
9199 - App - Employee Benefits $80,700.00 $78,000.00 $111,000.00
Total for Estimated Appropriations $840,400.00 $828,249.00 $709,000.00
Total for Estimated Appropriations and Other Uses $840,400.00 $828,249.00 $709,000.00
49 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SF - Special District(s) Fire Protection
SF - Special District(s) Fire Protection
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Assets and Deferred Outflows
Total for Assets and Deferred Outflows $0.00 $0.00 $0.00
50 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SF - Special District(s) Fire Protection
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Liabilities, Deferred Inflows and Fund Balances
Total for Liabilities, Deferred Inflows and Fund Balances $0.00 $0.00 $0.00
51 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SF - Special District(s) Fire Protection
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $156,000.00 $152,000.00 $147,500.00
Total for Property Taxes $156,000.00 $152,000.00 $147,500.00
Total for Revenues $156,000.00 $152,000.00 $147,500.00
Total for Revenues and Other Sources $156,000.00 $152,000.00 $147,500.00
52 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SF - Special District(s) Fire Protection
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Expenditures and Other Uses
Expenditures
Public Safety
Fire Protection
34104 - Fire Protection - Contractual $156,000.00 $152,000.00 $147,500.00
Total for Fire Protection $156,000.00 $152,000.00 $147,500.00
Total for Public Safety $156,000.00 $152,000.00 $147,500.00
Total for Expenditures $156,000.00 $152,000.00 $147,500.00
Total for Expenditures and Other Uses $156,000.00 $152,000.00 $147,500.00
53 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SF - Special District(s) Fire Protection
Changes in Fund Balance
12/31/2023 12/31/2022 12/31/2021
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $0.00 $0.00 $0.00
8022 - Restated Fund Balance - Beginning of Year $0.00 $0.00 $0.00
Add Revenues and Other Sources $156,000.00 $152,000.00 $147,500.00
Deduct Expenditures and Other Uses $156,000.00 $152,000.00 $147,500.00
8029 - Fund Balance - End of Year $0.00 $0.00 $0.00
54 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SL - Special District(s) Lighting
SL - Special District(s) Lighting
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Assets and Deferred Outflows
Assets
Cash and Cash Equivalents
201 - Cash In Time Deposits $51,392.75 $53,079.48 $54,446.13
Total for Cash and Cash Equivalents $51,392.75 $53,079.48 $54,446.13
Total for Assets $51,392.75 $53,079.48 $54,446.13
Total for Assets and Deferred Outflows $51,392.75 $53,079.48 $54,446.13
55 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SL - Special District(s) Lighting
Balance Sheet
12/31/2023 12/31/2022 12/31/2021
Liabilities, Deferred Inflows and Fund Balances
Liabilities
Payables
600 - Accounts Payable $309.61 $250.56 $234.94
Total for Payables $309.61 $250.56 $234.94
Total for Liabilities $309.61 $250.56 $234.94
Fund Balance
Assigned Fund Balance
915 - Assigned Unappropriated Fund Balance $51,083.14 $52,828.92 $54,211.19
Total for Assigned Fund Balance $51,083.14 $52,828.92 $54,211.19
Total for Fund Balance $51,083.14 $52,828.92 $54,211.19
Total for Liabilities, Deferred Inflows and Fund Balances $51,392.75 $53,079.48 $54,446.13
56 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SL - Special District(s) Lighting
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Revenues and Other Sources
Revenues
Property Taxes
1001 - Real Property Taxes $1,300.00 $1,300.00 $1,700.00
Total for Property Taxes $1,300.00 $1,300.00 $1,700.00
Use of Money and Property
2401 - Interest and Earnings $235.50 $146.01 $137.93
Total for Use of Money and Property $235.50 $146.01 $137.93
Total for Revenues $1,535.50 $1,446.01 $1,837.93
Total for Revenues and Other Sources $1,535.50 $1,446.01 $1,837.93
57 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SL - Special District(s) Lighting
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Expenditures and Other Uses
Expenditures
Transportation
Highway
51824 - Street Lighting - Contractual $3,281.28 $2,828.28 $2,287.64
Total for Highway $3,281.28 $2,828.28 $2,287.64
Total for Transportation $3,281.28 $2,828.28 $2,287.64
Total for Expenditures $3,281.28 $2,828.28 $2,287.64
Total for Expenditures and Other Uses $3,281.28 $2,828.28 $2,287.64
58 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
SL - Special District(s) Lighting
Changes in Fund Balance
12/31/2023 12/31/2022 12/31/2021
Analysis of Changes in Fund Balance
8021 - Fund Balance - Beginning of Year $52,829.58 $54,211.85 $54,661.56
8022 - Restated Fund Balance - Beginning of Year $52,829.58 $54,211.85 $54,661.56
Add Revenues and Other Sources $1,535.50 $1,446.01 $1,837.93
Deduct Expenditures and Other Uses $3,281.28 $2,828.28 $2,287.64
8029 - Fund Balance - End of Year $51,083.80 $52,829.58 $54,211.85
59 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
TC - Custodial
TC - Custodial
Statement of Net Position
12/31/2023 12/31/2022 12/31/2021
Assets and Deferred Outflows
Total for Assets and Deferred Outflows $0.00 $0.00 $0.00
60 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
TC - Custodial
Statement of Net Position
12/31/2023 12/31/2022 12/31/2021
Liabilities, Deferred Inflows and Net Position
Total for Liabilities, Deferred Inflows and Net Position $0.00 $0.00 $0.00
61 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
TC - Custodial
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Revenues and Other Sources
Total for Revenues and Other Sources $0.00 $0.00 $0.00
62 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
TC - Custodial
Results of Operations
12/31/2023 12/31/2022 12/31/2021
Expenditures and Other Uses
Total for Expenditures and Other Uses $0.00 $0.00 $0.00
63 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
TC - Custodial
Changes in Net Position
12/31/2023 12/31/2022 12/31/2021
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 --
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
64 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
K - Schedule of Non-Current Government Assets
K - Schedule of Non-Current Government Assets
Schedule of Non-Current Government Assets
12/31/2023 12/31/2022 12/31/2021
Non-Current Assets
Non-Depreciable Capital Assets
101 - Land $563,000.00 $563,000.00 $563,000.00
Total for Non-Depreciable Capital Assets $563,000.00 $563,000.00 $563,000.00
Depreciable Capital Assets
102 - Buildings $982,175.70 $764,008.00 $764,008.00
104 - Machinery and Equipment $2,353,614.13 $2,215,839.00 $2,436,809.00
106 - Infrastructure $46,155.78 $46,156.00 $46,156.00
Total for Depreciable Capital Assets $3,381,945.61 $3,026,003.00 $3,246,973.00
Other Non-Current Assets
108 - Net Pension Asset Proportionate Share -$178,093.00 -
Total for Other Non-Current Assets $0.00 $178,093.00 $0.00
Total for Non-Current Assets $3,944,945.61 $3,767,096.00 $3,809,973.00
65 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
W - Schedule of Non-Current Government Liabilities
W - Schedule of Non-Current Government Liabilities
Schedule of Non-Current Government Liabilities
12/31/2023 12/31/2022 12/31/2021
Long-Term Obligations
Other Long-Term Obligations
638 - Net Pension Liability Proportionate Share $479,083.00 $0.00 $2,130.00
687 - Compensated Absences $57,769.81 $47,504.14 $58,083.00
Total for Other Long-Term Obligations $536,852.81 $47,504.14 $60,213.00
Total for Long-Term Obligations $536,852.81 $47,504.14 $60,213.00
66 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
Supplemental Schedules
The Supplemental Schedules includes the following schedules:
• Statement of Indebtedness
• Bond Repayment
• Bank Reconciliation
• Employee and Retiree Benefits
67 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
Statement of Indebtedness
You have indicated you have no debt data to report.
68 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
Bond Repayment
No Bonds Reported in the Statement of Indebtedness.
69 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
Bank Reconciliation
Accounts
Account No.Account Type Associated Fund(s)Bank Balance Deposits In Transit Outstanding Checks Adjustments Total
2316 Savings A, B, DA, DB, SF, SL $2,103,934.84 $0.00 ($42,311.70)$0.00 $2,061,623.14
8002 Checking A, B, DA, DB, SF, SL $2,953.47 $0.00 ($2,953.47)$0.00 $0.00
2331 Checking A, B, DA, DB ($24,693.45)$42,311.70 ($17,618.25)$0.00 $0.00
537 Savings CD $43,093.85 $0.00 $0.00 $0.00 $43,093.85
3752 Certificate of
Deposit (CD)A $119,284.97 $0.00 $0.00 $0.00 $119,284.97
Total $2,244,573.68 $42,311.70 ($62,883.42)$0.00 $2,224,001.96
$2,223,990.25Total Cash From Financials
70 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
Bank Reconciliation
Investments and Collateralization of InvestmentsCollateralization of Cash
FDIC Insurance Market Value as of Fiscal Year End Date
Collateralized with Securities held in possession of the
municipality or its agent or otherwise secured
Collateralized with Securities held in possession of the
municipality or its agent or otherwise secured
Total Bank Balance Investments From Financials
Total of FDIC Insurance and Collateralized with
securities held in possession of the municipality or its
agent or otherwise secured
$2,244,573.68
$250,000.00
$2,000,000.00
$2,250,000.00
$472,551.23
$472,551.23
$472,557.47
71 OSC Municipality Code 500335200000
Town of Groton
Annual Financial Report
For the Fiscal Period 01/01/2023 - 12/31/2023
Employee and Retiree Benefits
Full Time Employees Part Time Employees Volunteers with Paid Benefits Retirees with Paid Benefits
11 22 7
Total Number
Benefit Amount Full Time Part Time Volunteer Retiree
State Retirement System $50,185.50 11 3
Police Retirement
Fire Retirement
Local Pension Fund
Social Security $52,566.14 11 22
Worker's Compensation $33,289.00 11 22
Life Insurance
Unemployment Insurance
Disability Insurance $239.85 9 1
Hospital, Medical and Dental Insurance $129,206.50 6 7
Union Welfare Benefits
Supplemental Benefit Payments to Disabled Firefighters
Employee Benefits,Other
Total Employee Benefits Paid $265,486.99
Number Receving Benefits
72 OSC Municipality Code 500335200000