Page 38 - 2022 Annual Report
P. 38

Town of Brighton Indebtedness

                                    Balance  Borrowed  Amt. Paid    Balance
                                    1/1/2022     2022   Principal  12/31/2022
       General
       Fire Station - CNB Loan  #......5550   $47,229.52    $(23,144.76)   $24,084.76
       CNB Loan #.....6750         $52,295.00          $(9,948.97)    $42,346.03
       CNB Loan#......7550        $80,000.00          $(80,000.00)      -
       CNB Loan#.....1950                   $150,000.00       -  $150,000.00
       Totals                     $179,524.52   $150,000.00  $(113,093.73)    $216,430.79


       Water Department
       Water Bond  -  USDA Loan #9103   $35,000.00    $-     $(35,000.00)   -
       Water Improvement RF 3-167   $877,188.61     -     $(24,268.33)   $852,920.28
       Totals                     $912,188.61      $-     $(59,268.33)   $852,920.28

       Sewer Department
       Dale Ave. Project - Loan RF1-162-1   $111,397.95   $(7,916.17)   $103,481.78
       CNB Loan#....8950                     300,000.00          $300,000.00
       Totals                     $111,397.95      $-     $(7,760.95)   $403,481.78


       GRAND TOTAL               $1,203,111.08   $450,000.00  $(180,278.23)  $1,472,832.85

                           Infrastructure Reserve Funds

        PSB Savings Acct #......1315
        Balance as of January 1, 2022                          $125,225.84
        Interest earned in 2022                    $30.68
        Loan to Water/Sewer Department          ($123,000)
        Repayment of Loan to Water/Sewer         $123,000
        Town Appropriations 2022                $15,000.00
        Revenues  as of Dec. 31, 2022                           $15,030.68
        Balance as of December 31, 2022                        $140,256.52













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