Page 25 - Town of Brighton 2024 Annual Report

Water Equipment Reserve Fund

PSB Savings Acct. #......1194
Account Balance Jan. 1, 2024 $31,063.52
REVENUES:
Interest earned in 2024 $12.95
Repayment of loan to Gen. Acct. #5213 $30,000.00

TOTAL REVENUES for 2024 $30,012.95

EXPENSES:

Loan to Gen. Acct #5213 in lieu of taxes $(30,000.00)
TOTAL EXPENSES FOR 2024 $(30,000.00)
Grand Total as of December 31, 2024 $31,076.47

Water Reservoir Maintenance Account

PSB Savings Acct. #......1193
Account Balance Jan. 1, 2024 $24,408.70

REVENUES:
Interest earned in 2024 $24.94
Repayment of 2023 Loan for Water/Sewer upgrade $91,000.00
Total Revenues as of 12/31/2024 $91,024.94

EXPENSES:
Loan to Water/Sewer Acct#...0072 to cover
line inventory and end of year costs $(110,000.00)

Total Expenses as of 12/31/2024 $(110,000.00)
BALANCE AS OF DECEMBER 31, 2024 $5,433.64

Water Sinking Fund
PSB SAVINGS Acct #......1260
Balance as of January 1, 2024 $5,387.17
REVENUES:
Transfer from Acct #....0072 for loan in 2023 $28,000.00
Interest earned in 2024 $8.57
Total Revenues in 2024 $28,008.57
Balance as of December 31, 2024 $33,395.74

CNB CD ACCT#....8170
Balance as of January 1, 2024 $83,835.43
Interest earned in 2024 $412.21
Balance as of December 31. 2024 $84,247.64
TOTAL BALANCE of Water Sinking Funds
as of December 31, 2024 $117,643.38

2024 Annual Report 25