Page 24 - Town of Brighton Annual Report 2023

Water Capital Improvement Account

PSB Savings Acct #......0241
Balance of of January 1, 2023 $52,351.65

REVENUES
Interest earned in 2023 $29.60
Transfer from Gen. Acct#....5213 (repay loan) $30,000.00
TOTAL REVENUES for 2023 $30,029.60
EXPENSES
Transfer to Gen. Acct# 5213 (loan to cover
expenses in lieu of taxes) $(30,000.00)
TOTAL EXPENSES for 2023 $(30,000.00)

BALANCE AS OF DECEMBER 31, 2023 $52,381.25

Water Reservoir Maintenance Account

PSB Savings Acct. #......1193
Account Balance Jan. 1, 2023 $55,393.31
REVENUES:

Interest earned in 2023 $15.39
Reserve Funds from 2022 $40,000.00
Reserve Funds from 2023 $20,000.00
Total Revenues for 2023 $60,015.39
EXPENSES:
Transferred to Water/Sewer Account to cover
engineering expenses for water/sewer upgrades $(91,000.00)
$(91,000.00)
BALANCE AS OF DECEMBER 31, 2023 $24,408.70

Water Equipment Reserve Fund
PSB Savings Acct. #......1194

Account Balance Jan. 1, 2023 $31,048.92
REVENUES:
Interest earned in 2023 $14.60
Repayment of loan to Gen. Acct. #5213 $25,000.00
TOTAL REVENUES for 2023 $25,014.60
EXPENSES:
Loan to Gen. Acct #5213 in lieu of taxes $(25,000.00)
TOTAL EXPENSES FOR 2023 $(25,000.00)

Grand Total as of December 31, 2023 $31,063.52

24 Town of Brighton, VT