Agenda
Board of Finance - Agenda - Jan 20, 2026
Jan 20, 2026
A public record published by the Town of Simsbury (simsbury-ct.gov). mySimsbury indexes it and makes it readable; it is not the official copy. View the original file.
Page 1 of 1 Board of Finance Regular Meeting January 20, 2026 – 5:45 p.m. Simsbury Town Hall – Main Meeting Room 933 Hopmeadow Street *Meeting May Be Held in a Virtual Only Format if Inclement Weather is Expected on Day of Meeting* AGENDA Call to Order Pledge of Allegiance Finance Director’s Report (Pages 1-3) Agenda Items a) Supplemental Appropriation – Aquarion Water Paving Funds (Page 4) b) Fiscal Year 2025/2026 Town Budget Status Report as of December 31, 2025 (Page 5-49) c) Fiscal Year 2025/2026 Board of Education Budget Status Report as of December 31, 2025 (Pages 50-51) d) Fiscal Year 2026/2027 Debt Scenarios e) Fiscal Year 2024/2025 Annual Report Draft Review of Minutes f) December 16, 2025 Regular Meeting Minutes (Pages 52-55) Communications g) Board of Finance Meeting Agenda Planning Document (Pages 56-57) h) Simsbury Performing Arts Center Band Shell Expansion Project Update (Pages 58-93) Adjourn Board of Finance Meeting Schedule: 2/17/26, 3/3/26, 3/10/26, 3/19/26, 4/7/26, 4/21/26, 5/19/26, 6/16/26, 7/21/26, 8/18/26, 9/15/26, 10/20/26, 11/17/26, 12/15/26, 1/12/27 Marc S. Nelson, MPA Amy Meriwether Town Manager Director of Finance/Treasurer FINANCE DEPARTMENT www.simsbury-ct.gov Mon. 8:30 a.m. – 7:00 p.m. Tel. (860) 658-3200 933 Hopmeadow Street Tue. Wed. Thu. 8:30 a.m. – 4:30 p.m. Fax. (860) 658-3206 Simsbury, CT 06070 Fri. 8:30 a.m. – 1:00 p.m. finance@simsbury-ct.gov MEMORANDUM To: Board of Finance From: Amy Meriwether, Finance Director/Treasurer cc: Marc Nelson, Town Manager Date: January 20, 2026 Subject: Finance Director’s Report Fiscal Year 2025/2026 Approved Supplemental Appropriations Below is a listing of supplemental appropriations approved by the Board of Selectmen and the Board of Finance as of January 12, 2026: Eno Memorial Hall Parking Lot - $110,000 15 Sugar Loaf Cut Improvements - $100,000 State of CT Early Voting - $17,467 Total Supplemental Appropriations - $227,467 or 0.18% of the FY25/26 adopted budget Fiscal Year 2025/2026 Tax Abatements Below is listing of approved abatements and fiscal impact for the period ending June 30, 2026: Entity Address Assessment Reduction Tax Reduction Abatement Year Solectran 690 Hopmeadow 1,696,881 56,031 5 of 10 Ensign Bickford 632 Hopmeadow 1,366,717 45,129 5 of 10 Totals 3,063,598 101,1601 Fiscal Year 2025/2026 Grants Applications and Awards Below is a chart of all grant applications and their current status as of January 12, 2026: Grant Application Amount Status Enhanced Dial A Ride Grant 35,367 Awarded Youth Service Bureau 32,272 Awarded State of CT Early Voting Grant 17,467 Awarded FY26 Greater Hartford Transit District Dial A Ride Grant 6,660 Awarded Tai Ji Quan Moving for Better Balance Grant 2,880 Awarded Simsbury Greater Together Community Grant - Souper Thursday Program 7,500 Denied Connecticut Humanities Quick Grant 2,017 Pending CT DEEP 2025 Recreational Trails Grant 248,000 Pending Fiscal Year 2025/2026 Savings Initiatives Police Department Bullet Proof Vest Grant anticipated to yield savings of approximately $10,500 Reduced the cost for uniform cleaning by approximately $10,000 moving to a uniform cleaning services instead of a monetary distribution. Most of the patrol fleet has been converted from combustion to hybrid cruisers and we continue to see a reduction in gallons of gas. Although overall department total gallon usage is not a true measure of savings due to combustion versus hybrid vehicles, it is an indicator. We have further data that shows a significant reduction in miles per gallon between the two types. The hybrids are getting on average 4‐5 more miles per gallon and the idle times are drastically reduced with the hybrid vehicles. The police budget in FY26 is for 3 hybrids to replace the last of the combustion engines. We also plan to have the 2025 model cost and not the 2026 model cost. Human Resources Transitioned retiree health benefits from Anthem to Retiree First. Monthly expenditures reduced from $25K/month to $17K/month.2 Library Through partnerships, collaborations and the use of volunteers to present programs, the Library saved over $31,000 in program costs. Pooled Investments The Town’s pooled cash deposit balance as of December 31, 2025 was $4,016,675.40. As of month- end, the investment balances for all funds combined were as follows: Type of Investment Amount Rate Maturity Date Note CT STIF $ 12,352,040.22 3.87% N/A Effective 30-Day Yield Liberty - Money Market $ 20,905,064.25 3.75% N/A Liberty CD – 6 Month $ 20,266,706.94 4.07% 3/3/26 Liberty CD – 9 Month $ 10,125,453.17 3.83% 6/5/26 TOTAL: $ 63,649,264.583 Page 1 of 1 Board of Finance Agenda Item Submission 1. Title of Submission: Supplemental Appropriation – Aquarion Water Paving Funds 2. Date of Board Meeting: January 20, 2026 3. Individual or Entity Making the Submission: Marc Nelson, Town Manager; Thomas Roy, Director of Public Works/Town Engineer 4. Action Requested of the Board of Finance: If the Board of Finance supports the supplemental appropriation request for Aquarion Water paving funds to reimburse the Town’s pavement management program, the following motion is in order: Move, effective January 20, 2026 to approve a supplemental appropriation for the Town’s pavement management program in the amount of $196,000. 5. Summary of Submission: The Department of Public Works has been coordinating our paving program with Aquarion Water’s Watermain Replacement program to allow both parties to gain efficiencies, better utilize funding, and minimize disruption to residents. When Aquarion replaces older watermains, the Town takes on the responsibility of final pavement restoration. This arrangement provides the Town the ability to be more cost effective and for Aquarion to close out projects sooner. The Town receives paving reimbursement at a value equal to the value Aquarion would have paid for restoration or the Town’s cost, whichever is greater. Aquarion has provided a payment of $196,000 for work performed during the last year. These funds should now be utilized as part of our pavement management program to offset expenditures. This supplemental appropriation request was reviewed and approved by the Board of Selectmen for recommendation to the Board of Finance on December 15, 2025. 6. Financial Impact: Funding will reimburse pavement management funds for the work that will be performed in Spring 2026. 7. Description of Documents Included with Submission: None4 Page 1 of 3 Board of Finance Agenda Item Submission 1. Title of Submission: Fiscal Year 2025/2026 Quarterly Town Budget Status Report as of December 31, 2025 2. Date of Board Meeting: January 20, 2026 3. Individual or Entity Making the Submission: Amy Meriwether, Director of Finance 4. Action Requested of the Board of Finance: None 5. Summary of Submission: General Fund General fund revenues are anticipated to exceed budgetary estimates by $835,505. This is mainly due to the following: Tax Collection - $700,000 – Tax collection rate budgeted at 98.5% compared to the actual collection rate which is typically around 99.5%. Town Clerk - $75,143 – Increased conveyance fee collections compared to the same time last year. Interest Income - $66,382 – Interest rates were budgeted at 3.75%, however, actual rates were closer to 4.0% at the beginning of the fiscal year. Insurance Refunds - $58,304 – CIRMA reinstated their member’s equity distribution program. Board of Education Tuition – ($96,969) – Decreased number of students paying tuition in the current year compared to the prior year.5 Page 2 of 3 General Fund expenditures are anticipated to come in below budgetary estimates by $779,186. This is mainly related to the following: Police - $320,303 – Salary savings due to staffing vacancies Employee Benefits - $107,545 – Anticipated health insurance savings from staffing vacancies Debt Service - $395,232 – Savings associated with moving out timing of the debt issuance to when interest rates started to come down and savings related to bonded project close outs that were re-allocated to reduce current bonding. Capital Funds A summary of all capital projects and capital reserve fund analysis are included with this submission. Parks and Recreation (Simsbury Farms) Fund Parks and Recreation fund revenues are expected to exceed expenditures by $326,611 as of June 30, 2026. Fund balance is anticipated to increase from $930,721 to $1,257,332. See attached financial statements for line item detail explanations on variances. Health Insurance Fund The Health Insurance Fund expenditures are expected to exceed revenues by $316,595 as of June 30, 2026. Fund balance is expected to decrease from $5,012,512 to $4,695,917. This is mainly due to claims expected to be higher than budget. Reserves are expected to total $5,814,517, or 35% of claims as of June 30, 2026. The Town’s health insurance consultants recommend reserves of at least 20-25% of expected claims. See attached financial statements for line item detail explanations on variances. Sewer Use Fund The Sewer Use Fund revenues are expected to exceed expenditures by $141,543 of June 30, 2026. Fund balance is expected to increase from $6,247,857 to $6,389,400. This is mainly due to assessments revenues anticipated to be in excess of budgetary estimates along with pension and electricity expense savings. See attached financial statements for line item detail explanations on variances. 6. Financial Impact: None6 Page 3 of 3 7. Description of Documents Included with Submission: General Fund Statement of Revenues General Fund Statement of Expenditures Simsbury Farms Statement of Revenues, Expenditures and Changes in Fund Balance Health Insurance Fund Statement of Revenues, Expenditures and Changes in Fund Balance Residential Property Statement of Revenues, Expenditures and Changes in Fund Balance Sewer Use Fund Statement of Revenues, Expenditures and Changes in Fund Balance Sewer Assessment Fund Statement of Revenues, Expenditures and Changes in Fund Balance Special Revenue Funds Statement of Revenues, Expenditures and Changes in Fund Balance Trust Funds Statement of Revenues, Expenditures and Changes in Fund Balance Pension Funds Statement of Revenues, Expenditures and Changes in Fund Balance Capital Projects Summary Capital Non-Recurring Fund Summary7 FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description REVENUE As of 12/31/2024 $ Variance % Recvd REVENUE As of 12/31/2025 $ Variance % Recvd AT YEAR-END (UNFAVORABLE) % Recvd FISCAL NOTES GENERAL GOVERNMENT TOWN MANAGER'S OFFICE 324,388 196,388 (128,000) 60.54% 353,331 287,084 (66,247) 81.25% 358,084 4,753 101.35% TOTAL GENERAL GOVERNMENT 324,388 196,388 (128,000) 60.54% 353,331 287,084 (66,247) 81.25% 358,084 4,753 101.35% BOARDS & COMMISSIONS LAND USE COMMISSION 20,000 11,367 (8,633) 56.84% 20,000 10,744 (9,256) 53.72% 20,000 - 100.00% TOTAL BOARDS & COMMISSIONS 20,000 11,367 (8,633) 56.84% 20,000 10,744 (9,256) 53.72% 20,000 - 100.00% TOWN CLERK TOWN CLERK 696,866 351,933 (344,933) 50.50% 652,520 432,365 (220,155) 66.26% 727,663 75,143 111.52% Increased conveyance fees compared to the same time last year TOTAL TOWN CLERK 696,866 351,933 (344,933) 50.50% 652,520 432,365 (220,155) 66.26% 727,663 75,143 111.52% INFORMATION TECHNOLOGY INFORMATION TECHNOLOGY 171,173 85,587 (85,586) 50.00% 208,013 114,006 (94,006) 54.81% 208,013 - 100.00% TOTAL INFORMATION TECHNOLOGY 171,173 85,587 (85,586) 50.00% 208,013 114,006 (94,006) 54.81% 208,013 - 100.00% FINANCE TAX DEPARTMENT 109,245,073 68,604,487 (40,640,586) 62.80% 112,547,282 74,564,532 (37,982,750) 66.25% 113,247,282 700,000 100.62% Budgeted tax collection rate at 98.5%, actual tax collection rate at 99.5% FINANCE DEPARTMENT 2,553,138 1,936,945 (616,193) 75.87% 2,325,945 1,592,245 (733,700) 68.46% 2,392,327 66,382 102.85% Increased investment income ASSESSOR'S OFFICE 5,800 4,144 (1,656) 71.45% 6,000 4,281 (1,719) 71.36% 4,281 (1,719) 71.36% TOTAL FINANCE 111,804,011 70,545,576 (41,258,435) 63.10% 114,879,227 76,161,059 (38,718,168) 66.30% 115,643,891 764,664 100.67% PLANNING & BUILDING BUILDING DEPARTMENT 700,000 676,326 (23,674) 96.62% 900,000 527,717 (372,283) 58.64% 928,613 28,613 103.18% PLANNING DEPARTMENT - - - #DIV/0! - - - #DIV/0! - - #DIV/0! TOTAL PLANNING & BUILDING 700,000 676,326 (23,674) 96.62% 900,000 527,717 (372,283) 58.64% 928,613 28,613 103.18% PUBLIC SAFETY POLICE DEPARTMENT 222,648 100,196 (122,452) 45.00% 240,575 138,084 (102,491) 57.40% 235,684 (4,891) 97.97% ANIMAL CONTROL 500 110 (390) 22.00% 100 225 125 225.00% 225 125 225.00% TOTAL PUBLIC SAFETY 223,148 100,306 (122,842) 44.95% 240,675 138,309 (102,366) 57.47% 235,909 (4,766) 98.02% PUBLIC WORKS ENGINEERING 25,050 6,092 (18,958) 24.32% 25,050 23,989 (1,061) 95.77% 28,000 2,950 111.78% ENO MEMORAL HALL 1,000 700 (300) 70.00% 3,000 3,375 375 112.50% 6,000 3,000 200.00% HIGHWAY DEPARTMENT 3,250 1,335 (1,915) 41.08% 3,250 2,312 (938) 71.14% 3,062 (188) 94.21% TOTAL PUBLIC WORKS 29,300 8,127 (21,173) 27.74% 31,300 29,676 (1,624) 94.81% 37,062 5,762 118.41% COMMUNITY & SOCIAL SERVICES ELDERLY/HANDICAPPED TRANSPORT 42,037 23,578 (18,459) 56.09% 42,037 17,684 (24,354) 42.07% 42,037 - 100.00% TOTAL COMMUNITY & SOCIAL SERVICES 42,037 23,578 (18,459) 56.09% 42,037 17,684 (24,354) 42.07% 42,037 - 100.00% LIBRARY LIBRARY 18,072 8,253 (9,819) 45.67% 15,800 8,134 (7,666) 51.48% 15,800 - 100.00% TOTAL LIBRARY 18,072 8,253 (9,819) 45.67% 15,800 8,134 (7,666) 51.48% 15,800 - 100.00% PARKS & RECREATION PARKS & RECREATION 257,242 128,621 (128,621) 50.00% 225,215 112,608 (112,608) 50.00% 225,215 - 100.00% COMMUNITY GARDENS 6,100 - (6,100) 0.00% 5,200 - (5,200) 0.00% 5,200 - 100.00% MEMORAL POOLS & FIELDS 11,500 1,812 (9,689) 15.75% 11,500 3,768 (7,732) 32.77% 11,500 - 100.00% TOTAL PARKS & RECREATION 274,842 130,433 (144,410) 47.46% 241,915 116,376 (125,540) 48.11% 241,915 - 100.00% EDUCATION BOARD OF EDUCATION 7,722,426 1,927,605 (5,794,821) 24.96% 8,626,737 2,144,915 (6,481,823) 24.86% 8,529,768 (96,969) 98.88% Decreased tuition revenue compared to prior year TOTAL EDUCATION 7,722,426 1,927,605 (5,794,821) 24.96% 8,626,737 2,144,915 (6,481,823) 24.86% 8,529,768 (96,969) 98.88% INSURANCE INSURANCE REFUNDS - 23,773 23,773 #DIV/0! - 58,304 58,304 #DIV/0! 58,304 58,304 #DIV/0! CIRMA member distribution program reinstated TOTAL INSURANCE - 23,773 23,773 #DIV/0! - 58,304 58,304 #DIV/0! 58,304 58,304 #DIV/0! TRANSFERS TRANSFER IN - FUND BALANCE 250,000 - (250,000) 0.00% - - - #DIV/0! - - #DIV/0! TRANSFER IN - BELDEN TRUST 28,350 28,350 - 100.00% 28,930 28,930 - 100.00% 28,930 - 100.00% TRANSFER IN - SOCIAL SVC SRF (OPIOID) - - - #DIV/0! 180,000 180,000 - 100.00% 180,000 - 100.00% With Comparative Totals for the Period Ended December 31, 2024 (FY2025) TOWN OF SIMSBURY GENERAL FUND Revenue Detail Period Ending December 31, 2025 (FY2026)8 FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description REVENUE As of 12/31/2024 $ Variance % Recvd REVENUE As of 12/31/2025 $ Variance % Recvd AT YEAR-END (UNFAVORABLE) % Recvd FISCAL NOTES With Comparative Totals for the Period Ended December 31, 2024 (FY2025) TOWN OF SIMSBURY GENERAL FUND Revenue Detail Period Ending December 31, 2025 (FY2026) TRANSFER IN - SIMSBURY FARMS - - - #DIV/0! 95,225 95,225 - 100.00% 95,225 - 100.00% TRANSFER IN - CAPITAL PROJECT FUNDS 231,657 231,657 - 100.00% 182,128 182,128 - 100.00% 182,128 - 100.00% TRANSFER IN - CAPITAL RESERVE FUND 204,132 204,132 - 100.00% 1,304,132 1,304,132 - 100.00% 1,304,132 - 100.00% TOTAL TRANSFERS 714,139 464,139 (250,000) 64.99% 1,790,414 1,790,414 - 500% 1,790,414 - 100.00% TOTAL GENERAL FUND REVENUE 122,740,402 74,553,391 (48,187,011) 60.74% 128,001,969 81,836,786 (46,165,182) 63.93% 128,837,473 835,505 100.65%9 FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description EXPENDITURES As of 12/31/24 $ Variance % Spent EXPENDITURES As of 12/31/25 $ Variance % Spent AT YEAR-END (UNFAVORABLE) % Spent FISCAL NOTES GENERAL GOVERNMENT TOWN MANAGER'S OFFICE 613,343 281,382 331,961 45.88% 397,365 199,055 198,310 50.09% 405,326 (7,961) 102.00% Pending transfer from contingency HUMAN RESOURCES - - - #DIV/0! 305,473 146,016 159,457 47.80% 302,423 3,050 99.00% New department HEALTH DEPARTMENT 187,013 93,506 93,507 50.00% 190,890 93,574 97,316 49.02% 190,890 - 100.00% LEGAL SERVICES 171,000 105,246 65,754 61.55% 171,000 82,282 88,718 48.12% 179,000 (8,000) 104.68% GENERAL GOVERNMENT 143,666 44,447 99,219 30.94% 175,346 91,705 83,641 52.30% 162,188 13,158 92.50% TOTAL GENERAL GOVERNMENT 1,115,022 524,581 590,441 47.05% 1,240,074 612,633 627,441 49.40% 1,239,826 248 99.98% BOARDS & COMMISSIONS ECONOMIC DEVELOPMENT COMMISSION 100,650 65,000 35,650 64.58% 93,150 72,500 20,650 77.83% 92,500 650 99.30% BOARD OF FINANCE 61,035 36,621 24,414 60.00% 59,660 33,685 25,975 56.46% 55,355 4,305 92.78% LAND USE COMMISSION 16,850 2,356 14,494 13.98% 14,650 5,242 9,408 35.78% 11,950 2,700 81.57% BEAUTIFICATION COMMITTEE 6,000 968 5,032 16.13% 6,000 1,638 4,362 27.30% 6,960 (960) 116.00% DEI COUNCIL 4,550 - 4,550 0.00% 4,550 57 4,493 1.25% 4,550 - 100.00% PUBLIC BUILDING COMMISSION 2,000 326 1,674 16.30% 2,000 482 1,518 24.08% 1,000 1,000 50.00% AGING & DISABILITY COMMISSION 1,500 1,228 272 81.87% 7,250 6,045 1,205 83.38% 6,545 705 90.28% POLICE COMMISSION 750 15 735 2.00% 750 - 750 0.00% - 750 0.00% PARKS & REC COMMISSION 750 - 750 0.00% 750 - 750 0.00% - 750 0.00% TOTAL BOARDS & COMMISSIONS 194,085 106,514 87,571 54.88% 188,760 119,648 69,112 63.39% 178,860 9,900 94.76% SELECTMEN - COMMUNITY SERVICES COMMUNITY SERVICES 383,154 206,329 176,825 53.85% 242,358 121,024 121,334 49.94% 240,506 1,852 99.24% TOTAL SELECTMEN - COMMUNITY SERVICES 383,154 206,329 176,825 53.85% 242,358 121,024 121,334 49.94% 240,506 1,852 99.24% PROBATE REGIONAL PROBATE COURT 12,679 12,679 - 100.00% 13,874 13,874 - 100.00% 13,874 - 100.00% TOTAL PROBATE 12,679 12,679 - 100.00% 13,874 13,874 - 100.00% 13,874 - 100.00% ELECTION ADMINISTRATION ELECTION ADMINISTRATION 203,330 136,135 67,195 66.95% 183,783 105,483 78,300 57.40% 181,050 2,733 98.51% TOTAL ELECTION ADMINISTRATION 203,330 136,135 67,195 66.95% 183,783 105,483 78,300 57.40% 181,050 2,733 98.51% TOWN CLERK TOWN CLERK 296,967 134,965 162,002 45.45% 294,904 134,117 160,787 45.48% 292,184 2,720 99.08% TOTAL TOWN CLERK 296,967 134,965 162,002 45.45% 294,904 134,117 160,787 45.48% 292,184 2,720 99.08% INFORMATION TECHNOLOGY INFORMATION TECHNOLOGY 554,028 256,486 297,542 46.29% 547,615 278,024 269,591 50.77% 532,394 15,221 97.22% TOTAL INFORMATION TECHNOLOGY 554,028 256,486 297,542 46.29% 547,615 278,024 269,591 50.77% 532,394 15,221 97.22% FINANCE FINANCE DEPARTMENT 615,627 313,268 302,359 50.89% 639,191 329,530 309,661 51.55% 641,845 (2,654) 100.42% Pending contigency transfer ASSESSOR'S OFFICE 414,997 184,240 230,757 44.40% 411,988 183,320 228,669 44.50% 409,539 2,449 99.41% TAX DEPARTMENT 225,930 97,013 128,917 42.94% 201,300 89,120 112,180 44.27% 196,546 4,754 97.64% TOTAL FINANCE 1,256,554 594,521 662,033 47.31% 1,252,479 601,969 650,510 48.06% 1,247,930 4,549 99.64% PLANNING & BUILDING PLANNING DEPARTMENT 408,611 174,517 234,094 42.71% 429,777 210,049 219,728 48.87% 427,102 2,675 99.38% BUILDING DEPARTMENT 313,826 141,285 172,541 45.02% 333,502 182,539 150,963 54.73% 333,032 470 99.86% TOTAL PLANNING & BUILDING 722,437 315,802 406,635 43.71% 763,279 392,588 370,690 51.43% 760,134 3,145 99.59% PUBLIC SAFETY POLICE DEPARTMENT 5,889,238 2,837,064 3,052,174 48.17% 6,157,228 2,911,225 3,246,003 47.28% 5,836,925 320,303 94.80% Increased vacancies compared to the same time last year DISPATCH 622,783 292,455 330,328 46.96% 615,550 284,111 331,439 46.16% 612,550 3,000 99.51% ANIMAL CONTROL 84,166 35,973 48,193 42.74% 80,166 37,369 42,797 46.61% 80,166 - 100.00% EMERGENCY MANAGEMENT 53,020 34,255 18,765 64.61% 73,012 37,760 35,252 51.72% 73,012 - 100.00% TOTAL PUBLIC SAFETY 6,649,207 3,199,747 3,449,460 48.12% 6,925,956 3,270,466 3,655,490 47.22% 6,602,653 323,303 95.33% PUBLIC WORKS HIGHWAY DEPARTMENT 3,265,568 1,567,980 1,697,588 48.02% 3,223,578 1,499,515 1,724,063 46.52% 3,237,346 (13,768) 100.43% Pending contingency transfer BUILDINGS & MAINTENANCE 551,628 286,950 264,678 52.02% 576,848 280,951 295,897 48.70% 586,987 (10,139) 101.76% Pending contingency transfer ENGINEERING 352,687 164,277 188,410 46.58% 370,614 156,054 214,560 42.11% 371,937 (1,323) 100.36% Pending contingency transfer PUBLIC WORKS ADMINISTRATION 374,018 160,743 213,275 42.98% 384,340 181,091 203,249 47.12% 378,034 6,306 98.36% TOWN OFFICE BUILDINGS 199,746 93,839 105,907 46.98% 208,100 74,943 133,156 36.01% 207,912 188 99.91% LIBRARY 177,835 73,315 104,520 41.23% 196,501 64,311 132,190 32.73% 173,764 22,737 88.43% Savings in electricity line ENO MEMORAL HALL 102,439 36,358 66,081 35.49% 104,841 40,415 64,426 38.55% 108,141 (3,300) 103.15% OTHER BUILDINGS 41,897 22,153 19,744 52.87% 49,343 14,328 35,015 29.04% 41,767 7,576 84.65% TOWN OF SIMSBURY GENERAL FUND Expenditure Detail Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025)10 FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description EXPENDITURES As of 12/31/24 $ Variance % Spent EXPENDITURES As of 12/31/25 $ Variance % Spent AT YEAR-END (UNFAVORABLE) % Spent FISCAL NOTES TOWN OF SIMSBURY GENERAL FUND Expenditure Detail Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) LANDFILL 87,000 27,704 59,296 31.84% 87,000 25,000 62,000 28.74% 87,000 - 100.00% TOTAL PUBLIC WORKS 5,152,818 2,433,319 2,719,499 47.22% 5,201,164 2,336,608 2,864,556 44.92% 5,192,888 8,277 99.84% COMMUNITY & SOCIAL SERVICES SOCIAL SERVICES ADMINISTRATION 350,359 156,221 194,138 44.59% 358,351 162,459 195,892 45.34% 358,375 (24) 100.01% Pending contingency transfer SENIOR CENTER SERVICES 169,229 76,808 92,421 45.39% 174,247 81,606 92,641 46.83% 174,327 (80) 100.05% Pending contingency transfer TRANSPORTATION SERVICES 175,269 59,402 115,867 33.89% 182,409 83,485 98,924 45.77% 182,409 - 100.00% TOTAL COMMUNITY & SOCIAL SERVICES 694,857 292,431 402,426 42.09% 715,007 327,550 387,457 45.81% 715,111 (104) 100.01% LIBRARY LIBRARY 1,799,553 806,024 993,529 44.79% 1,824,821 889,748 935,072 48.76% 1,836,349 (11,528) 100.63% Pending contingency transfer TOTAL LIBRARY 1,799,553 806,024 993,529 44.79% 1,824,821 889,748 935,072 48.76% 1,836,349 (11,528) 100.63% PARKS & RECREATION PARKS & OPEN SPACE 1,075,203 532,632 542,571 49.54% 1,156,841 521,953 634,889 45.12% 1,153,894 2,947 99.75% MEMORIAL POOL 93,144 51,961 41,183 55.79% 95,225 42,982 52,243 45.14% 87,110 8,115 91.48% RECREATION ADMINISTRATION 74,369 41,132 33,237 55.31% 77,648 35,950 41,698 46.30% 77,648 - 100.00% MEMORIAL FIELD 42,279 17,880 24,399 42.29% 42,041 19,890 22,152 47.31% 36,503 5,538 86.83% TOTAL PARKS & RECREATION 1,284,995 643,605 641,390 50.09% 1,371,756 620,774 750,982 45.25% 1,355,155 16,600 98.79% EDUCATION BOARD OF EDUCATION 85,806,368 38,303,416 47,502,952 44.64% 88,823,111 40,201,496 48,621,615 45.26% 88,823,111 - 100.00% TOTAL EDUCATION 85,806,368 38,303,416 47,502,952 44.64% 88,823,111 40,201,496 48,621,615 45.26% 88,823,111 - 100.00% EMPLOYEE BENEFITS EMPLOYEE BENEFITS 7,481,784 4,673,240 2,808,544 62.46% 7,830,160 5,197,398 2,632,763 66.38% 7,722,615 107,545 98.63% Health insurance savings related to police vacancies TOTAL EMPLOYEE BENEFITS 7,481,784 4,673,240 2,808,544 62.46% 7,830,160 5,197,398 2,632,763 66.38% 7,722,615 107,545 98.63% INSURANCE LIABILITY INSURANCE 506,383 303,470 202,913 59.93% 519,523 338,879 180,644 65.23% 534,523 (15,000) 102.89% Latimer Lane added back to policy TOTAL INSURANCE 506,383 303,470 202,913 59.93% 519,523 338,879 180,644 65.23% 534,523 (15,000) 102.89% TRANSFERS TRANSFER OUT - SIMSBURY FARMS 151,715 151,715 - 100.00% 151,715 151,715 - 100.00% 151,715 - 100.00% TRANSFER OUT - MSP SENIOR FUND 10,480 10,480 - 100.00% 10,480 10,480 - 100.00% 10,480 - 100.00% TRANSFER OUT - YOUTH SERVICE BUREAU 8,000 8,000 - 100.00% 8,000 8,000 - 100.00% 8,000 - 100.00% TRANSFER OUT - ATHLETICS FIELDS 2,250 2,250 - 100.00% 2,250 2,250 - 100.00% 2,250 - 100.00% TRANSFER OUT - SIMSBURY CELEBRATES 5,300 5,300 - 100.00% 5,300 5,300 - 100.00% 5,300 - 100.00% CONTINGENCY RESERVE 332,961 - 332,961 0.00% 264,493 264,493 - 100.00% - 264,493 0.00% CONTINGENCY VACANCY (350,000) - (350,000) 0.00% (350,000) - (350,000) 0.00% - (350,000) 0.00% TRANSFER OUT - CNR 416,250 416,250 - 100.00% 416,250 416,250 - 100.00% 416,250 - 100.00% TRANSFER OUT - CAPITAL RESERVE - - - #DIV/0! - - - #DIV/0! - - #DIV/0! TOTAL TRANSFERS 576,956 593,995 (17,039) 102.95% 508,488 858,488 (350,000) 168.83% 593,995 (85,507) 116.82% DEBT SERVICE PRINCIPAL 6,040,000 1,245,000 4,795,000 20.61% 7,103,207 640,000 6,463,207 9.01% 6,930,000 173,207 97.56% INTEREST 2,009,225 1,248,562 760,663 62.14% 2,451,650 1,019,163 1,432,488 41.57% 2,229,625 222,025 90.94% TOTAL DEBT SERVICE 8,049,225 2,493,562 5,555,663 30.98% 9,554,857 1,659,163 7,895,695 17.36% 9,159,625 395,232 95.86% Timing of debt service issuance and year end project close outs used to offset need to bond TOTAL GENERAL FUND EXPENDITURES 122,740,402 56,030,821 66,709,581 45.65% 128,001,969 58,079,929 69,922,040 45.37% 127,222,783 779,186 99.39% UNASSIGNED FUND BALANCE - 7/1/25 20,808,230 SURPLUS (DEFICIT) 1,614,690 ESTIMATED FUND BALANCE - 6/30/26 22,422,920 17.62%11 FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description REVENUES As of 12/31/2024 $ Variance % Recvd REVENUES As of 12/31/2025 $ Variance % Recvd AT YEAR-END (UNFAVORABLE) % Recvd FISCAL NOTES REVENUES RECREATION PROGRAM SPECIAL PROGRAMS 435,500 104,426 (331,074) 23.98% 499,000 95,215 (403,785) 19.08% 440,500 (58,500) 88.28% Revenue to date consistent with prior year, projections consistent with prior year end actuals DAY CAMPS 272,500 2,096 (270,404) 0.77% 308,640 2,600 (306,040) 0.84% 308,640 - 100.00% MISCELLANEOUS 10,000 6,100 (3,900) 61.00% 15,000 - (15,000) 0.00% 15,000 - 100.00% SIMSBURY FARMS COMPLEX SKATING 265,000 76,692 (188,308) 28.94% 273,600 82,253 (191,347) 30.06% 220,000 (53,600) 80.41% Revenue to date consistent with prior year, projections consistent with prior year end actuals SIMSBURY FARMS POOLS 288,000 44,385 (243,615) 15.41% 302,567 47,857 (254,710) 15.82% 290,000 (12,567) 95.85% VENDING 22,000 11,107 (10,893) 50.49% 15,500 4,176 (11,324) 26.94% 21,000 5,500 135.48% COURT RENTAL 33,000 26,821 (6,179) 81.28% 31,000 19,015 (11,986) 61.34% 28,000 (3,000) 90.32% APPLE BARN RENTAL 2,500 2,433 (67) 97.32% 4,000 2,720 (1,280) 68.00% 6,500 2,500 162.50% MISCELLANEOUS - #DIV/0! GOLF COURSE GOLF COURSE FEES 1,240,000 772,116 (467,884) 62.27% 1,410,000 789,192 (620,808) 55.97% 1,320,000 (90,000) 93.62% Anticipated decrease based on actuals to date, subject to change based on spring weather GOLF SURCHARGE 100,000 69,344 (30,656) 69.34% 225,000 65,647 (159,353) 29.18% 110,000 (115,000) 48.89% Consistent with anticipated decrease in golf fees CLUB HOUSE SURCHARGE - - - #DIV/0! - 60,698 60,698 #DIV/0! 110,000 110,000 #DIV/0! New surcharge at the end of the prior year RESTAURANT 35,270 25,651 (9,619) 72.73% 38,800 26,453 (12,348) 68.18% 28,000 (10,800) 72.16% MISCELLANEOUS - 150 150 #DIV/0! - - - #DIV/0! - - #DIV/0! TRANSFER IN - GENERAL FUND 151,715 151,715 - 100.00% 151,715 151,715 - 100.00% 151,715 - 100.00% TOTAL REVENUES 2,855,485 1,293,036 (1,562,449) 45.28% 3,274,822 1,347,541 (1,927,281) 41.15% 3,049,355 (225,467) 93.12% FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description EXPENDITURES As of 12/31/2024 $ Variance % Spent EXPENDITURES As of 12/31/2025 $ Variance % Spent AT YEAR-END (UNFAVORABLE) % Spent FISCAL NOTES EXPENDITURES GOLF COURSE FEES 1,399,232 860,952 538,280 61.53% 1,210,199 572,349 637,850 47.29% 1,149,473 60,726 94.98% Savings in seasonal help related to decreased golf fees and smaller savings in various accounts SIMSBURY FARMS COMPLEX 643,431 303,279 340,152 47.13% 719,407 407,212 312,195 56.60% 708,108 11,299 98.43% SPECIAL PROGRAMS 605,110 243,687 361,423 40.27% 680,029 239,142 440,887 35.17% 553,297 126,732 81.36% Savings in contractual services SIMSBURY FARMS ADMINISTRATION 237,054 89,719 147,335 37.85% 248,636 95,871 152,765 38.56% 216,641 31,995 87.13% Savings in health insurance TRANSFER OUT - GENERAL FUND - - - #DIV/0! 95,225 95,225 - 100.00% 95,225 - 100.00% TOTAL EXPENDITURES 2,884,827 1,497,636 1,387,191 51.91% 2,953,495 1,409,798 1,543,697 47.73% 2,722,744 230,751 92.19% NET INCOME/(LOSS) (29,342) (204,600) 321,327 (62,258) 326,611 5,284 FUND BALANCE - 7/1/25 930,721 SURPLUS (DEFICIT) 326,611 ESTIMATED FUND BALANCE - 6/30/26 1,257,332 TOWN OF SIMSBURY SIMSBURY FARMS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025)12 FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description REVENUES As of 12/31/2024 $ Variance % Recvd REVENUES As of 12/31/2025 $ Variance % Recvd AT YEAR-END (UNFAVORABLE) % Recvd FISCAL NOTES REVENUES PREMIUMS 16,442,244 5,632,434 (10,809,810) 34.26% 16,716,194 6,023,589 (10,692,605) 36.03% 16,716,194 - 100.00% HEALTH SAVINGS ACCOUNT FUNDING 730,000 730,762 762 100.10% 730,000 454,446 (275,554) 62.25% 828,946 98,946 113.55% RX REIMBURSEMENT 711,877 351,838 (360,039) 49.42% 574,024 126,764 (447,260) 22.08% 864,607 290,583 150.62% INSURANCE REFUNDS - 75,233 75,233 #DIV/0! - 35,602 35,602 #DIV/0! 100,000 100,000 #DIV/0! MISCELLANEOUS - 69,908 69,908 #DIV/0! - - - #DIV/0! - - #DIV/0! TOTAL REVENUES 17,884,121 6,860,174 (11,023,947) 38.36% 18,020,218 6,640,402 (11,379,817) 36.85% 18,509,748 489,529 102.72% FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description EXPENDITURES As of 12/31/2024 $ Variance % Spent EXPENDITURES As of 12/31/2025 $ Variance % Spent AT YEAR-END (UNFAVORABLE) % Spent FISCAL NOTES EXPENDITURES CLAIMS 15,807,114 6,356,900 9,450,214 40.22% 16,376,167 8,380,820 7,995,347 51.18% 16,599,964 (223,797) 101.37% HEALTH SAVINGS ACCOUNT FUNDING 730,000 730,762 (762) 100.10% 730,000 397,917 332,083 54.51% 828,946 (98,946) 113.55% ASO/ADMIN FEES 511,355 263,420 247,935 51.51% 515,324 271,669 243,655 52.72% 543,337 (28,013) 105.44% STOP LOSS INSURANCE 850,996 394,764 456,232 46.39% 849,728 427,048 422,680 50.26% 854,095 (4,367) 100.51% TOTAL EXPENDITURES 17,899,465 7,745,845 10,153,620 43.27% 18,471,219 9,477,453 8,993,766 51.31% 18,826,343 (355,124) 101.92% NET INCOME/(LOSS) (15,344) (885,671) (451,001) (2,837,051) (316,595) 134,405 FUND BALANCE - 7/1/25 5,012,512 SURPLUS (DEFICIT) (316,595) ESTIMATED FUND BALANCE - 6/30/26 4,695,917 IBNR 1,118,600 TOTAL RESERVES 5,814,517 % OF CLAIMS 35% TOWN OF SIMSBURY HEALTH INSURANCE FUND Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025)13 FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description REVENUES As of 12/31/2024 $ Variance % Recvd REVENUES As of 12/31/2025 $ Variance % Recvd AT YEAR-END (UNFAVORABLE) % Recvd FISCAL NOTES REVENUES RENTAL INCOME 97,000 33,435 (63,565) 34.47% 97,000 30,840 (66,160) 31.79% 86,740 (10,260) 89.42% TOTAL REVENUES 97,000 33,435 (63,565) 34.47% 97,000 30,840 (66,160) 31.79% 86,740 (10,260) 89.42% FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description EXPENDITURES As of 12/31/2024 $ Variance % Spent EXPENDITURES As of 12/31/2025 $ Variance % Spent AT YEAR-END (UNFAVORABLE) % Spent FISCAL NOTES EXPENDITURES CONTRACTUAL SERVICES 10,000 3,010 6,990 30.10% 10,000 3,000 7,000 30.00% 9,000 1,000 90.00% FACILITIES MAINTENANCE 15,000 14,801 199 98.67% 15,000 41,371 (26,371) 275.81% 46,371 (31,371) 309.14% BUILDING IMPROVEMENTS 20,000 - 20,000 0.00% 20,000 - 20,000 0.00% - 20,000 0.00% WATER CHARGES 1,350 799 551 59.21% 1,350 894 456 66.19% 2,725 (1,375) 201.85% SEWER USE FEES 2,000 2,669 (669) 133.45% 2,200 - 2,200 0.00% 2,200 - 100.00% EQUIPMENT MAINTENANCE 3,000 - 3,000 0.00% 3,500 - 3,500 0.00% - 3,500 0.00% ELECTRIC 1,700 193 1,507 11.37% 1,800 178 1,622 9.90% 500 1,300 27.78% BUILDING SUPPLIES - - - #DIV/0! - - - #DIV/0! - - #DIV/0! DEBT SERVICE PRINCIPAL 2,768 - 2,768 0.00% - - - #DIV/0! - - #DIV/0! DEBT SERVICE INTEREST 9 - 9 0.00% - - - #DIV/0! - - #DIV/0! TOTAL EXPENDITURES 55,827 21,472 34,355 38.46% 53,850 45,443 8,407 84.39% 60,796 (6,946) 112.90% NET INCOME/(LOSS) 41,173 11,963 43,150 (14,603) 25,944 (3,314) FUND BALANCE - 7/1/25 586,778 SURPLUS (DEFICIT) 25,944 ESTIMATED FUND BALANCE - 6/30/26 612,722 TOWN OF SIMSBURY RESIDENTIAL RENTAL PROPERTY FUND Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025)14 FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description REVENUES As of 12/31/2024 $ Variance % Recvd REVENUES As of 12/31/2025 $ Variance % Recvd AT YEAR-END (UNFAVORABLE) % Recvd FISCAL NOTES REVENUES ASSESSMENTS 3,001,431 2,936,867 (64,564) 97.85% 3,216,502 3,357,218 140,716 104.37% 3,757,218 540,716 116.81% Increase in current year is in line with budget WPCA FEES 765,087 294,264 (470,823) 38.46% 683,858 227,498 (456,360) 33.27% 675,498 (8,360) 98.78% INTERGOVERNMENTAL REVENUES 393,336 196,666 (196,670) 50.00% 393,539 196,765 (196,774) 50.00% 393,539 - 100.00% INTEREST & LIENS 23,379 20,231 (3,148) 86.54% 26,003 22,279 (3,724) 85.68% 40,000 13,997 153.83% MISCELLANEOUS GRANT 5,000 3,907 (1,093) 78.14% 3,500 - (3,500) 0.00% - (3,500) 0.00% INTEREST ON INVESTMENTS 130,000 93,550 (36,450) 71.96% 150,000 40,202 (109,798) 26.80% 80,000 (70,000) 53.33% MISCELLANEOUS - - - #DIV/0! - - - #DIV/0! - - #DIV/0! TOTAL REVENUES 4,318,233 3,545,485 (772,748) 82.10% 4,473,402 3,843,962 (629,440) 85.93% 4,946,255 472,853 10.57% FY2025 FY2025 FY2026 FY2026 FY2026 BUDGETED ACTUAL BUDGETED ACTUAL PROJECTED $ FAVORABLE PROJECTED Description EXPENDITURES As of 12/31/2024 $ Variance % Spent EXPENDITURES As of 12/31/2025 $ Variance % Spent AT YEAR-END (UNFAVORABLE) % Spent FISCAL NOTES EXPENDITURES OPERATING SALARIES & BENEFITS 1,427,995 591,350 836,645 41.41% 1,469,793 575,795 893,998 39.18% 1,408,080 61,713 95.80% Pension ARC payment savings CONSULTANT 40,000 6,041 33,959 15.10% 40,000 7,975 32,025 19.94% 40,000 - 100.00% CONTRACTUAL SERVICES 52,015 12,635 39,381 24.29% 58,450 28,671 29,779 49.05% 54,832 3,618 93.81% PROPERTY & CASUALTY INSURANCE 40,396 - 40,396 0.00% 41,608 - 41,608 0.00% 41,608 - 100.00% ADVERTISING 700 161 539 23.02% 1,500 - 1,500 0.00% 1,500 - 100.00% COPY & PRINTING SERVICES 1,500 - 1,500 0.00% 3,000 - 3,000 0.00% 1,500 1,500 50.00% POSTAGE 2,200 11 2,189 0.50% 2,200 811 1,389 36.86% 2,200 - 100.00% EQUIPMENT RENTALS 1,500 338 1,162 22.55% 1,500 497 1,003 33.11% 1,500 - 100.00% SUPPLIES 198,000 36,255 161,745 18.31% 213,900 57,971 155,929 27.10% 183,700 30,200 85.88% Savings in chemical & lab supplies MAINTENANCE 55,140 5,894 49,246 10.69% 55,140 38,158 16,982 69.20% 55,140 - 100.00% UTILITIES 1,040,487 332,483 708,004 31.95% 1,105,103 365,806 739,297 33.10% 941,299 163,804 85.18% Electricity line item savings PUBLIC AGENCY SUPPORT 127,158 127,158 - 100.00% 128,757 128,757 - 100.00% 128,757 - 100.00% CONFERENCES & EDUCATION 5,565 2,582 2,983 46.40% 6,950 2,414 4,536 34.73% 6,950 - 100.00% TRAVEL 1,000 - 1,000 0.00% 1,000 - 1,000 0.00% 1,000 - 100.00% DUES & SUBSCRIPTIONS 1,340 300 1,040 22.37% 1,710 120 1,590 7.00% 1,710 - 100.00% SEWER EXTENSIONS 32,000 3,765 28,235 11.77% 32,000 - 32,000 0.00% 15,000 17,000 46.88% TECH & PROGRAM EQUIPMENT 1,800 - 1,800 0.00% 1,800 - 1,800 0.00% 1,800 - 100.00% MACHINERY 75,000 10,799 64,201 14.40% 75,000 25,341 49,659 33.79% 75,000 - 100.00% COMPUTER SOFTWARE 40,700 30,537 10,163 75.03% 42,510 30,473 12,037 71.68% 42,510 - 100.00% TOTAL OPERATING 3,144,496 1,160,309 1,984,187 36.90% 3,281,921 1,262,789 2,019,132 38.48% 3,004,087 277,835 91.53% TRANSFERS CAPITAL PROJECT FUND 450,000 450,000 - 100.00% 586,000 586,000 - 100.00% 586,000 - 100.00% TOTAL TRANSFERS 450,000 450,000 - 100.00% 586,000 586,000 - 100.00% 586,000 - 100.00% DEBT SERVICE DEBT SERVICE PRINCIPAL 1,060,000 1,060,000 - 100.00% 1,115,000 1,115,000 - 100.00% 1,115,000 - 100.00% DEBT SERVICE INTEREST 154,000 154,000 - 100.00% 99,625 63,750 35,875 63.99% 99,625 - 100.00% TOTAL DEBT SERVICE 1,214,000 1,214,000 - 100.00% 1,214,625 1,178,750 35,875 97.05% 1,214,625 - 100.00% TOTAL EXPENDITURES 4,808,496 2,824,309 1,984,187 58.74% 5,082,546 3,027,539 2,055,007 59.57% 4,804,712 277,835 NET INCOME/(LOSS) (490,263) 721,176 (609,145) 816,422 141,543 195,018 FUND BALANCE - 7/1/25 6,247,857 SURPLUS (DEFICIT) 141,543 ESTIMATED FUND BALANCE - 6/30/26 6,389,400 TOWN OF SIMSBURY SEWER USE FUND Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025)15 FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES ASSESSMENTS 163,820 91,859 (71,961) INTEREST & LIENS 5,824 5,945 120 INTEREST ON INVESTMENTS 34,207 31,667 (2,540) TOTAL REVENUES 203,852 129,470 (74,381) EXPENDITURES TRANSFER - CNR FUND - - - TOTAL EXPENDITURES - - - NET INCOME/(LOSS) 203,852 129,470 (74,381) FUND BALANCE - 7/1/25 1,146,771 SURPLUS (DEFICIT) 129,470 FUND BALANCE - 12/31/25 1,276,241 TOWN OF SIMSBURY SEWER ASSESSMENT FUND Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025)16 Special Revenue Fund Descriptions Residential Rental Property To account for rental revenues and the maintenance and capital expenditures in maintaining the Town owned residential properties Library Programs To account for donations, memorial gifts and miscellaneous grants and expenses related to the operations of the library. Police Community Services To account for police grants, donations, charges for fingerprint services and programs including: Project Lifesaver, Self-Defense Classes, Police Cadets and Heroes & Hounds. Narcotics Task Force To account for state grants for narcotics enforcement Police Special Duty To account for revenues and expenditures for police officer’s special duty for outside organizations. Social Services Programs To account for donations and gifts and associated expenses related for the well-being of town citizens in need of assistance. Town Aid Road To account for state town aid road grants and related expenses to town roads. Preservation of Historic Documents To account for, in the Town Clerk’s office, additional revenues collected, grant revenues and expenditures to preserve land records pursuant to Public Act No. 00-146 Town Clerk LOCIP To account for document fees collected by the Town Clerk’s office to be used for expenditures that qualify under the State Local Capital Improvement (LOCIP) grants.17 Expanded Dial-A-Ride To account for grant and expenditures related to an expanded dial-a-ride service to the elderly and disabled residents of the program. Dog Park To account for donations and expenses related to the operations of the dog park. Clean Energy Task Force To account for grants and donations to be expended per the charge of the Clean Energy Task Force. Simsbury Celebrates To account for donations and expenditures associated with the annual Simsbury Celebrates event. Field Recreation To account for charges for services and expenditures associated with the maintenance of the athletic fields. Simsbury Try-Athlon To account for donations and expenditures associated with the annual Try-Athlon event. Senior Center To account for donations and expenses related to senior center programs Youth Service Bureau To account for grant and expenditures related to youth services.18 FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES DONATIONS 1,441 1,948 507 TOTAL REVENUES 1,441 1,948 507 EXPENDITURES TECH & PROGRAM SUPPLIES 34,449 25,422 9,027 BANK FEES - 61 (61) TOTAL EXPENDITURES 34,449 25,483 8,966 NET INCOME/(LOSS) (33,008) (23,535) FUND BALANCE - 7/1/25 51,403 SURPLUS (DEFICIT) (23,535) FUND BALANCE - 12/31/25 27,868 LIBRARY PROGRAMS TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025)19 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES DONATIONS 22,057 250 (21,807) CADET PROGRAM 360 175 (185) TOTAL REVENUES 22,417 425 (21,992) EXPENDITURES PROGRAM SERVICES - 1,708 (1,708) CADET PROGRAM 840 240 600 TOTAL EXPENDITURES 840 1,948 600 NET INCOME/(LOSS) 21,577 (1,523) FUND BALANCE - 7/1/25 55,448 SURPLUS (DEFICIT) (1,523) FUND BALANCE - 12/31/25 53,925 COMMUNITY SERVICES FUND20 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES GRANTS - - - OPERATING TRANSFER - - - TOTAL REVENUES - - - EXPENDITURES TECH & PROGRAM SUPPLIES - - - TOTAL EXPENDITURES - - - NET INCOME/(LOSS) - - FUND BALANCE - 7/1/25 15,032 SURPLUS (DEFICIT) - FUND BALANCE - 12/31/25 15,032 NARCOTICS TASK FORCE21 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES OPIOID SETTLEMENT 43,141 29,770 (13,370) DONATIONS 12,766 19,613 6,847 TOTAL REVENUES 55,906 49,383 (6,523) EXPENDITURES MEDICAL ASSISTANCE 407 732 (325) RECREATION PASSES - - - FOOD DISTRIBUTION 8,145 16,391 (8,245) AUTO REPAIRS 700 - 700 EMERGENCY SHELTER 4,256 48,662 (44,406) UTILITY ASSISTANCE 7,051 1,074 5,977 TECH & PROGRAM SUPPLIES - 7,010 (7,010) COVID-19 9,607 - 9,607 PROGRAM SERVICES - 63 (63) OPIOID SETTLEMENT - 180,000 (180,000) Transfer to General Fund in accordance with budget TOTAL EXPENDITURES 30,166 253,932 (223,766) NET INCOME/(LOSS) 25,741 (204,549) FUND BALANCE - 7/1/25 407,214 SURPLUS (DEFICIT) (204,549) FUND BALANCE - 12/31/25 202,665 SOCIAL SERVICES PROGRAMS22 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES GRANTS 185,108 247,198 62,090 TOTAL REVENUES 185,108 247,198 62,090 EXPENDITURES TRANSFER - CNR FUND 91,580 94,000 (2,420) TRANSFER - CAPITAL PROJECTS FUND 243,500 243,500 - TOTAL EXPENDITURES 335,080 337,500 (2,420) NET INCOME/(LOSS) (149,972) (90,302) FUND BALANCE - 7/1/25 269,207 SURPLUS (DEFICIT) (90,302) FUND BALANCE - 12/31/25 178,905 TOWN AID ROAD23 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES RECORDING FEES 12,230 14,248 2,018 TOTAL REVENUES 12,230 14,248 2,018 EXPENDITURES FEES PAID TO STATE 6,928 4,784 2,144 TOTAL EXPENDITURES 6,928 4,784 2,144 NET INCOME/(LOSS) 5,302 9,464 FUND BALANCE - 7/1/25 41,187 SURPLUS (DEFICIT) 9,464 FUND BALANCE - 12/31/25 50,651 PRESERVATION OF HISTORIC DOCUMENTS24 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES CHARGES FOR SERVICES 265,518 166,561 (98,957) TOTAL REVENUES 265,518 166,561 (98,957) EXPENDITURES SALARIES & BENEFITS 183,841 150,329 33,512 TOTAL EXPENDITURES 183,841 150,329 33,512 NET INCOME/(LOSS) 81,677 16,232 FUND BALANCE - 7/1/25 63,499 SURPLUS (DEFICIT) 16,232 FUND BALANCE - 12/31/25 79,731 POLICE SPECIAL DUTY25 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES FARMLAND PRESERVATION FEES 3,150 4,410 1,260 TOTAL REVENUES 3,150 4,410 1,260 EXPENDITURES TECH & PROGRAM SUPPLIES - - - TOTAL EXPENDITURES - - - NET INCOME/(LOSS) 3,150 4,410 FUND BALANCE - 7/1/25 85,819 SURPLUS (DEFICIT) 4,410 FUND BALANCE - 12/31/25 90,229 TOWN CLERK LOCIP FUND26 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES PASS FEES 1,845 1,935 90 TOTAL REVENUES 1,845 1,935 90 EXPENDITURES TRANSFER - CNR FUND - - - TOTAL EXPENDITURES - - - NET INCOME/(LOSS) 1,845 1,935 FUND BALANCE - 7/1/25 83,030 SURPLUS (DEFICIT) 1,935 FUND BALANCE - 12/31/25 84,965 EXPANDED DIAL-A-RIDE27 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES DONATIONS 75 65 (10) TOTAL REVENUES 75 65 (10) EXPENDITURES TECH & PROGRAM SUPPLIES 600 444 157 TOTAL EXPENDITURES 600 444 157 NET INCOME/(LOSS) (525) (379) FUND BALANCE - 7/1/25 3,601 SURPLUS (DEFICIT) (379) FUND BALANCE - 12/31/25 3,222 DOG PARK28 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES GRANTS - - - TOTAL REVENUES - - - EXPENDITURES SPECIAL ACTIVITIES - - - TOTAL EXPENDITURES - - - NET INCOME/(LOSS) - - FUND BALANCE - 7/1/25 4,385 SURPLUS (DEFICIT) - FUND BALANCE - 12/31/25 4,385 CLEAN ENERGY TASK FORCE29 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES DONATIONS 21,832 27,781 5,949 GENERAL FUND TRANSFER 5,300 5,300 - TOTAL REVENUES 27,132 33,081 5,949 EXPENDITURES SALARIES & WAGES 1,964 1,514 451 CONTRACTUAL SERVICES 9,872 5,109 4,763 BANK FEES - 257 (257) TECH & PROGRAM SUPPLIES 2,692 2,784 (92) TOTAL EXPENDITURES 14,528 9,664 4,864 NET INCOME/(LOSS) 12,603 23,417 FUND BALANCE - 7/1/25 6,756 SURPLUS (DEFICIT) 23,417 FUND BALANCE - 12/31/25 30,173 SIMSBURY CELEBRATES30 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES CHARGES FOR SERVICES 26,220 6,148 (20,072) TRANSFER IN - GENERAL FUND 2,250 2,250 - TOTAL REVENUES 28,470 8,398 (20,072) EXPENDITURES AGRICULTURAL SUPPLIES - 6,859 (6,859) ELECTRIC 2,838 - 2,838 TOTAL EXPENDITURES 2,838 6,859 2,838 NET INCOME/(LOSS) 25,632 1,539 FUND BALANCE - 7/1/25 9,647 SURPLUS (DEFICIT) 1,539 FUND BALANCE - 12/31/25 11,186 FIELD MAINTENANCE RECREATION31 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES DONATIONS 32,328 28,826 (3,503) TRANSFER IN - GENERAL FUND 10,480 10,480 - TOTAL REVENUES 42,808 39,306 (3,503) EXPENDITURES SPECIAL ACTIVITIES 35,375 29,460 5,915 BANK FEES - - - TECH & PROGRAM SUPPLIES - 336 (336) TOTAL EXPENDITURES 35,375 29,796 5,579 NET INCOME/(LOSS) 7,434 9,510 FUND BALANCE - 7/1/25 46,458 SURPLUS (DEFICIT) 9,510 FUND BALANCE - 12/31/25 55,968 SENIOR CENTER PROGRAMS32 TOWN OF SIMSBURY SPECIAL REVENUE FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES GRANTS 16,136 11,979 (4,157) TRANSFER IN - GENERAL FUND 8,000 8,000 - TOTAL REVENUES 24,136 19,979 (4,157) EXPENDITURES TECH & PROGRAM SUPPLIES 7,821 5,918 1,903 PUBLIC AGENCY SUPPORT 3,281 - 3,281 TOTAL EXPENDITURES 11,102 5,918 5,184 NET INCOME/(LOSS) 13,034 14,061 FUND BALANCE - 7/1/25 5,129 SURPLUS (DEFICIT) 14,061 FUND BALANCE - 12/31/25 19,190 YOUTH SERVICE BUREAU33 Trust Fund Descriptions Eno Wood Trust To account for the distribution of Trust’s interest income to the Town and expenses related to maintaining Eno Memorial Hall. The assets are held in a separate trust and are not in the Town’s name Horace Belden Trust To account for the distribution of Trust’s interest income to the Town and expenses related to maintaining town roads. The assets are held in a separate trust and are not in the Town’s name. Julia Darling Trust To account for the distribution of Trust’s interest income to the Town and expenses related to the well-being of Town citizens in need of assistance. The assets are held in a separate trust and are not in the Town’s name. Kate Southwell Trust To account for the distribution of Trust’s interest income to the Town and expenses related to the well-being of Town citizens in need of assistance, excluding residents of Tariffville. The assets are held in a separate trust and are not in the Town’s name. Ellsworth Trust To be used for the beautification of the main streets of the Town of Simsbury, particularly Hopmeadow Street and/or expenses relating to the Planning Commission.34 FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES TRUST DISTRIBUTIONS 11,982 - (11,982) TOTAL REVENUES 11,982 - (11,982) EXPENDITURES FACILITIES MAINTENANCE 9,189 - 9,189 TRANSFER - CNR FUND - - - TOTAL EXPENDITURES 9,189 - 9,189 NET INCOME/(LOSS) 2,793 - FUND BALANCE - 7/1/25 20,714 SURPLUS (DEFICIT) - FUND BALANCE - 12/31/25 20,714 ENO WOOD TRUST TOWN OF SIMSBURY TRUST FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025)35 TOWN OF SIMSBURY TRUST FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES TRUST DISTRIBUTIONS 29,050 - (29,050) TOTAL REVENUES 29,050 - (29,050) EXPENDITURES ROADS & DRAINAGE - 16,304 (16,304) TOTAL EXPENDITURES - 16,304 (16,304) NET INCOME/(LOSS) 29,050 (16,304) FUND BALANCE - 7/1/25 30,503 SURPLUS (DEFICIT) (16,304) FUND BALANCE - 12/31/25 14,199 HORACE BELDEN TRUST36 TOWN OF SIMSBURY TRUST FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES TRUST DISTRIBUTIONS 10,460 - (10,460) TOTAL REVENUES 10,460 - (10,460) EXPENDITURES EMERGENCY SHELTER/FOOD 180 8,700 (8,520) UTILITIES - 1,543 (1,543) PUBLIC AGENCY SUPPORT - - - AUTO REPAIRS - 1,000 (1,000) TRANSFER - GENERAL FUND 14,000 14,500 (500) TOTAL EXPENDITURES 14,180 25,743 (11,563) NET INCOME/(LOSS) (3,720) (25,743) FUND BALANCE - 7/1/25 66,316 SURPLUS (DEFICIT) (25,743) FUND BALANCE - 12/31/25 40,573 JULIA DARLING TRUST37 TOWN OF SIMSBURY TRUST FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES TRUST DISTRIBUTIONS 5,700 - (5,700) TOTAL REVENUES 5,700 - (5,700) EXPENDITURES FOOD DISTRIBUTION 5,125 194 4,931 TECH & PROGRAM SUPPLIES - - - TRANSFER - GENERAL FUND 14,350 14,430 (80) TOTAL EXPENDITURES 19,475 14,624 4,851 NET INCOME/(LOSS) (13,776) (14,624) FUND BALANCE - 7/1/25 28,223 SURPLUS (DEFICIT) (14,624) FUND BALANCE - 12/31/25 13,599 KATE SOUTHWELL TRUST38 TOWN OF SIMSBURY TRUST FUNDS Revenue & Expenditure Summary Period Ending December 31, 2025 (FY2026) With Comparative Totals for the Period Ended December 31, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 12/31/2024 As of 12/31/2025 VARIANCE FISCAL NOTES REVENUES INTEREST INCOME 558 556 556 TOTAL REVENUES 558 556 556 EXPENDITURES TECH & PROGRAM SUPPLIES - - - TOTAL EXPENDITURES - - - NET INCOME/(LOSS) 558 556 FUND BALANCE - 7/1/25 23,539 SURPLUS (DEFICIT) 556 FUND BALANCE - 12/31/25 24,095 ELLSWORTH TRUST39 Pension Fund Descriptions General Government Pension Plan To account for the activities of the Town’s defined benefit plan for general government employees. This fund accumulates resources for pension benefit payments to qualified employees. Police Pension Plan To account for the activities of the Town’s defined benefit plan for police. This fund accumulates resources for pension benefit payments to qualified employees. Board of Education Pension Plan To account for the activities of the Town’s defined benefit plan for police. This fund accumulates resources for pension benefit payments to qualified employees. Other Post-Employment Benefits (OPEB) To account for the activities for both the Town and Board of Education for other post- employment benefits (ie health insurance, life insurance) which accumulate resources for other post-employment benefit payments to qualified employees40 FY2025 FY2026 ACTUAL ACTUAL Description As of 9/30/2024 As of 9/30/2025 VARIANCE FISCAL NOTES REVENUES CONTRIBUTIONS 66,720 1,650,640 (1,583,920) Timing of annually required contribution compared to the same time last year INTEREST & DIVIDENDS 196,074 165,864 30,210 CHANGE IN MARKET VALUE 1,486,944 1,233,579 253,365 TOTAL REVENUES 1,749,737 3,050,083 (1,300,346) EXPENDITURES RETIREE PAYMENTS 653,782 644,737 9,045 CUSTODIAN FEES 3,030 - 3,030 ADMIN EXPENSES 5,210 3,244 1,966 TOTAL EXPENDITURES 662,022 647,981 14,041 NET INCOME/(LOSS) 1,087,715 2,402,102 FUND BALANCE - 7/1/25 31,396,186 SURPLUS (DEFICIT) 2,402,102 FUND BALANCE - 9/30/25 33,798,288 GENERAL GOVERNMENT TOWN OF SIMSBURY PENSION TRUST FUNDS Revenue & Expenditure Summary Period Ending September 30, 2025 (FY2026) With Comparative Totals for the Period Ended September 30, 2024 (FY2025)41 TOWN OF SIMSBURY PENSION TRUST FUNDS Revenue & Expenditure Summary Period Ending September 30, 2025 (FY2026) With Comparative Totals for the Period Ended September 30, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 9/30/2024 As of 9/30/2025 VARIANCE FISCAL NOTES REVENUES CONTRIBUTIONS 32,459 1,514,929 (1,482,470) Timing of annually required contribution compared to the same time last year INTEREST & DIVIDENDS 196,638 163,597 33,041 CHANGE IN MARKET VALUE 1,496,761 1,234,266 262,495 TOTAL REVENUES 1,725,858 2,912,792 (1,186,935) EXPENDITURES RETIREE PAYMENTS 638,634 670,649 (32,015) CUSTODIAN FEES 2,525 - 2,525 ADMIN EXPENSES 6,208 6,344 (136) TOTAL EXPENDITURES 647,367 676,992 (29,626) NET INCOME/(LOSS) 1,078,491 2,235,800 FUND BALANCE - 7/1/25 31,174,909 SURPLUS (DEFICIT) 2,235,800 FUND BALANCE - 9/30/25 33,410,709 BOARD OF EDUCATION42 TOWN OF SIMSBURY PENSION TRUST FUNDS Revenue & Expenditure Summary Period Ending September 30, 2025 (FY2026) With Comparative Totals for the Period Ended September 30, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 9/30/2024 As of 9/30/2025 VARIANCE FISCAL NOTES REVENUES CONTRIBUTIONS 40,612 1,383,648 (1,343,036) Timing of annually required contribution compared to the same time last year INTEREST & DIVIDENDS 145,106 123,432 21,674 CHANGE IN MARKET VALUE 1,097,773 922,159 175,614 TOTAL REVENUES 1,283,491 2,429,239 (1,145,748) EXPENDITURES RETIREE PAYMENTS 378,172 383,992 (5,820) CUSTODIAN FEES 2,357 - 2,357 ADMIN EXPENSES 3,925 2,162 1,763 TOTAL EXPENDITURES 384,453 386,154 (1,701) NET INCOME/(LOSS) 899,037 2,043,085 FUND BALANCE - 7/1/25 23,508,600 SURPLUS (DEFICIT) 2,043,085 FUND BALANCE - 9/30/25 25,551,685 POLICE43 TOWN OF SIMSBURY PENSION TRUST FUNDS Revenue & Expenditure Summary Period Ending September 30, 2025 (FY2026) With Comparative Totals for the Period Ended September 30, 2024 (FY2025) FY2025 FY2026 ACTUAL ACTUAL Description As of 9/30/2024 As of 9/30/2025 VARIANCE FISCAL NOTES REVENUES CONTRIBUTIONS 20,544 - 20,544 INTEREST & DIVIDENDS 109,751 123,845 (14,094) CHANGE IN MARKET VALUE 1,398,993 1,289,860 109,133 TOTAL REVENUES 1,529,288 1,413,705 115,583 EXPENDITURES CLAIMS - - - ADMIN EXPENSES - - - TOTAL EXPENDITURES - - - NET INCOME/(LOSS) 1,529,288 1,413,705 FUND BALANCE - 7/1/25 27,104,877 SURPLUS (DEFICIT) 1,413,705 FUND BALANCE - 9/30/25 28,518,582 OTHER POST EMPLOYMENT BENEFITS (OPEB)44 Expenditures Appropriation Uncommitted Inception Expected Balance Balance Current Balance Balance Year Completion Project December 31, 2025 June 30,2025 Year December 31, 2025 December 31, 2025 Notes Sewer Fund Projects FY18 TBD - State Pending Phosphorus Removal Analysis/WPC Plan Update 325,000.00 (171,181.00) - (171,181.00) 153,819.00 Amended contract - NPDES permit FY20 October 2025 Plant Logic Controllers 250,000.00 (176,608.43) - (176,608.43) 73,391.57 Final programming underway Recurring On Going Sewer Liners 1,327,616.00 (921,639.08) (19,971.74) (941,610.82) 386,005.18 FY22 On Hold Berm Improvements 3,250,000.00 - - - 3,250,000.00 Grant not approved, looking at other grant/funding options FY23 Fall 2025 Primary Clarifier 1,150,000.00 (981,956.21) - (981,956.21) 168,043.79 FY26 TBD Installation of Septage Receiving Station 360,000.00 - (42,661.00) (42,661.00) 317,339.00 Town Projects FY14 Need State Audit Senior/Community Center Design 321,698.56 (163,595.68) - (163,595.68) 158,102.88 FY17 December 2026 Multi-Use Connections & Master Plan Updates 1,160,000.00 (720,365.99) (18,717.50) (739,083.49) 420,916.51 FY19 Completed - Keep open for reimb Multi-Use Trail 2,824,200.00 (2,927,636.35) - (2,927,636.35) (103,436.35) Reimbursement due from Bloomfield. Paid in FY26 Recurring On Going Highway Pavement Management 5,283,394.76 (3,310,563.07) (1,794,929.47) (5,105,492.54) 177,902.22 Recurring On Going Greenway Improvements 247,733.65 (93,687.15) (1,653.18) (95,340.33) 152,393.32 Recurring On Going Sidewalk Reconstruction 876,764.60 (513,325.86) (142,035.85) (655,361.71) 221,402.89 FY20 On Going Accounting System 385,000.00 (307,126.53) - (307,126.53) 77,873.47 FY20 FY2025/2026 Eno Entrance and ADA Improvements 860,840.84 (105,241.65) (341,508.30) (446,749.95) 414,090.89 FY22 Need State Audit North End Sidewalk (Hopmeadow Connectivity) 1,794,596.40 (1,769,126.98) - (1,769,126.98) 25,469.42 FY23 Completed Town Hall Site & Safety Improvements 1,340,000.00 (1,234,324.06) (17,357.58) (1,251,681.64) 88,318.36 Waiting on final payment prior to closing FY23 Completed Eno Parking Improvements 245,000.00 (5,417.95) (230,028.80) (235,446.75) 9,553.25 FY23/FY24 December 2026 Trails - Rt 10 to Curtiss Park 2,455,744.00 - (3,255.32) (3,255.32) 2,452,488.68 FY23 December 2032 Trails - Curtiss Park to Tariffville 300,000.00 (97,850.00) - (97,850.00) 202,150.00 FY23/FY25 TBD Performing Arts Center Restrooms 2,782,881.00 (17,163.67) (152,145.19) (169,308.86) 2,613,572.14 FY23/FY25 FY2025/2026 Tariffville Park Court Replacement 450,000.00 (186,417.74) (153.39) (186,571.13) 263,428.87 FY23 Completed Flower Bridge Repair Design 2,764,000.00 (2,694,719.96) (28,930.99) (2,723,650.95) 40,349.05 Close - Pending Bonding FY23 November 2026 Firetown Road Sidewalk 1,829,000.00 (38,014.00) (29,368.00) (67,382.00) 1,761,618.00 FY24 Completed - Close Refurbish Elevators 877,500.00 (878,996.44) - (878,996.44) (1,496.44) Close - Pending Bonding FY24 TBD Meadowood Barn Restoration 650,000.00 (11,006.58) - (11,006.58) 638,993.42 FY24 FY28 Bridge Improvements (Climax Rd over Nod Brook) 372,000.00 - (74,457.66) (74,457.66) 297,542.34 FY24 Cancelled - Lack of grant funding Bridge Improvements (Firetown Road and Barndoor Hill) 402,500.00 - - - 402,500.00 FY24 FY26 Eno Building Infrastructure 389,440.00 (188,604.00) (18,312.50) (206,916.50) 182,523.50 FY25 FY32 Tariffville Connection - East Coast Greenway Gap Closure 900,000.00 - - - 900,000.00 FY25 January 2026 Town Hall Rooftop Units 275,000.00 (24,500.00) (3,202.91) (27,702.91) 247,297.09 FY25 March 2026 Barn and Facility Repairs - Wolcott Road 275,000.00 - (3,202.91) (3,202.91) 271,797.09 FY25 FY27 Dam Evaluation & Repairs (Stoddard Dam Breach) 171,000.00 (18,590.00) (37,434.12) (56,024.12) 114,975.88 FY25 Completed Public Works Truck Replacement and Plow 524,220.00 (263,505.80) (145,765.67) (409,271.47) 114,948.53 FY25 FY2025/2026 Memorial Pool Redesign 150,000.00 (32,821.89) (19,777.98) (52,599.87) 97,400.13 Education Projects Recurring On Going District Security Improvements 1,500,000.00 (1,032,651.27) (133,596.00) (1,166,247.27) 333,752.73 FY22 Completed Latimer Lane Renovation 39,054,243.00 (38,974,503.67) (79,739.33) (39,054,243.00) - FY23 June 2026 Tootin Water Distribution & Drainage 480,000.00 (441,177.70) (24,500.00) (465,677.70) 14,322.30 FY23 FY2025/2026 Central Roof Replacement 370,000.00 (273,584.59) - (273,584.59) 96,415.41 FY23 FY2025/2026 Tariffville Roof Replacement 1,000,000.00 (829,508.12) - (829,508.12) 170,491.88 FY23 FY2026/2027 Central Electric Svc & Distribution 250,000.00 (99,672.86) (19,350.00) (119,022.86) 130,977.14 FY23 Completed Tariffville Modulars 868,000.00 (849,129.34) (5,823.47) (854,952.81) 13,047.19 Close - Pending Bonding FY25 FY2025/2026 District Network Infrastructure 350,000.00 (324,632.87) (4,076.43) (328,709.30) 21,290.70 FY25 FY2025/2026 District Flooring Improvements 250,000.00 (239,678.91) (15,313.20) (254,992.11) (4,992.11) For the Period Ended December 31, 2025 Schedule of Expenditures Compared with Appropriations Capital Project Fund Town of Simsbury45 Expenditures Appropriation Uncommitted Inception Expected Balance Balance Current Balance Balance Year Completion Project December 31, 2025 June 30,2025 Year December 31, 2025 December 31, 2025 Notes For the Period Ended December 31, 2025 Schedule of Expenditures Compared with Appropriations Capital Project Fund Town of Simsbury FY25 FY2025/2026 SHS - Auditorium & Amphitheater Improvements 400,000.00 (223,431.50) (60,177.74) (283,609.24) 116,390.76 FY25 FY2025/2026 Tootin Hills - Replace Roof (V3, V4) 1,120,000.00 (44,799.40) (602,333.03) (647,132.43) 472,867.57 FY25 January 2026 2 Farms Village Road 1,400,000.00 (308,200.00) (145,099.80) (453,299.80) 946,700.20 FY26 June 2026 District Paving 600,000.00 - (233,557.53) (233,557.53) 366,442.4746 Expenditures Appropriation Uncommitted Inception Balance Balance Current Balance Balance Year Project December 31, 2025 June 30, 2025 Year December 31, 2025 December 31, 2025 CNR Reserve (5 Year Payback) 1,900,000.00 - - - 1,900,000.00 Recurring CNR Assessor - Revaluation 590,900.00 (343,591.16) - (343,591.16) 247,308.84 Recurring Police Cruisers 664,003.00 (451,240.52) - (451,240.52) 212,762.48 FY24 Security Camera Infrastructure & Equipment 9,110.00 (9,110.00) - (9,110.00) - FY25 Security Camera Infrastructure & Equipment 38,000.00 - - - 38,000.00 FY26 Security Camera Infrastructure & Equipment 48,000.00 - - - 48,000.00 FY25 2015 Ford Pick-Up 60,000.00 (59,949.12) (260.88) (60,210.00) (210.00) FY25 Plow Blades 31,000.00 (7,634.30) - (7,634.30) 23,365.70 FY25 Playscapes 500,000.00 (349,031.65) (150,968.35) (500,000.00) - Recurring Various Drainage Improvements 450,000.00 (282,134.66) (3,573.30) (285,707.96) 164,292.04 FY21 P&R Garage Ventilation 10,000.00 - - - 10,000.00 FY25 Soft Body Armor/Vest Replacement 5,000.00 (1,790.00) - (1,790.00) 3,210.00 FY26 Soft Body Armor/Vest Replacement 21,000.00 - - - 21,000.00 Recurring Patrol Supervisor Cruisers 110,000.00 (103,240.38) - (103,240.38) 6,759.62 FY25 Small Parks Mower 20,000.00 (18,724.00) - (18,724.00) 1,276.00 FY25 Memorial Park Athletic Field Mower 60,000.00 (43,352.12) - (43,352.12) 16,647.88 FY25 11' Snow Plow 31,000.00 - - - 31,000.00 Recurring P&R Signage 80,000.00 (68,350.00) - (68,350.00) 11,650.00 Recurring Police Admin Vehicles 458,502.00 (402,224.99) (7,641.05) (409,866.04) 48,635.96 FY24 GPS & Dash Cameras 45,000.00 (17,544.10) (9,812.09) (27,356.19) 17,643.81 Recurring Computer Replacement 198,519.00 (128,296.09) (4,016.87) (132,312.96) 66,206.04 Recurring Radio System Maint/Repair 40,000.00 - - - 40,000.00 FY22 Microsoft Upgrade 17,550.00 (17,548.35) - (17,548.35) 1.65 FY23 Microsoft Upgrade 17,550.00 (17,416.80) - (17,416.80) 133.20 FY22 Body & Car Cameras 46,158.00 (47,793.99) - (47,793.99) (1,635.99) FY26 Body & Car Cameras 113,488.00 - (113,112.74) (113,112.74) 375.26 FY22 Equipment Trailer 8,000.00 (9,795.00) - (9,795.00) (1,795.00) FY22 Meadows Facilities Maint 10,000.00 - - - 10,000.00 FY22 Parks Utility Vehicle 25,000.00 (23,309.92) - (23,309.92) 1,690.08 FY23 Traffic Calming 130,000.00 (93,824.03) - (93,824.03) 36,175.97 FY22/FY23 Clubhouse Repairs 170,000.00 (172,247.44) - (172,247.44) (2,247.44) FY22/FY23 Irrigation Replacement 306,000.00 (289,061.01) - (289,061.01) 16,938.99 FY26 Irrigation Replacement 100,000.00 - - - 100,000.00 Recurring Material Crushing 202,000.00 (167,107.75) - (167,107.75) 34,892.25 FY23 Bobcat Skid Loader 70,000.00 (11,355.00) - (11,355.00) 58,645.00 FY23 Gateway Signage 55,500.00 (54,148.90) - (54,148.90) 1,351.10 FY23 Scout Hall Repairs & Maintenance 35,000.00 (15,445.99) - (15,445.99) 19,554.01 FY23 Carpet Cleaner 12,000.00 (7,225.25) (2,030.92) (9,256.17) 2,743.83 FY23 Pool Repairs & Maintenance 30,000.00 (32,000.00) - (32,000.00) (2,000.00) Recurring Community Farms Repairs & Maintenance 35,000.00 (11,818.79) - (11,818.79) 23,181.21 FY23 Cart Path Repairs & Maintenance 235,000.00 (99.34) - (99.34) 234,900.66 Town of Simsbury Capital Non-Recurring Fund Schedule of Expenditures Compared with Appropriations For the Period Ended December 31, 202547 Expenditures Appropriation Uncommitted Inception Balance Balance Current Balance Balance Year Project December 31, 2025 June 30, 2025 Year December 31, 2025 December 31, 2025 Town of Simsbury Capital Non-Recurring Fund Schedule of Expenditures Compared with Appropriations For the Period Ended December 31, 2025 FY23 Staffing Study 70,000.00 (33,909.05) - (33,909.05) 36,090.95 FY23/FY24 HVAC Repairs & Maintenance 100,000.00 (51,004.00) - (51,004.00) 48,996.00 FY25 Library Compressor/HVAC Controls Repl 62,750.00 - - - 62,750.00 FY25 Town Hall HVAC Controller Upgrade 11,500.00 - (11,500.00) (11,500.00) - FY25 WPCA HVAC Systems Replacement 150,000.00 - - - 150,000.00 FY26 WPCA HVAC Systems Replacement 60,000.00 - - - 60,000.00 FY23 Milling Machine 36,000.00 (10,205.00) - (10,205.00) 25,795.00 FY23 Turf Sprayer 90,000.00 (71,728.54) - (71,728.54) 18,271.46 FY23 Pavilion Repairs 75,000.00 - - - 75,000.00 FY23 Pond Dredging 50,000.00 (5,500.00) (47,173.71) (52,673.71) (2,673.71) FY23/FY24 Pollinator Pathways 41,359.00 (5,461.33) (2,050.54) (7,511.87) 33,847.13 FY22 IT Network Switches 52,000.00 (17,057.34) - (17,057.34) 34,942.66 FY24 Assessor Audit 150,000.00 (20,000.00) (30,324.36) (50,324.36) 99,675.64 FY24 Eno Hall Craft Room Renovation 40,000.00 (25,692.98) - (25,692.98) 14,307.02 FY25 Network Switches 24,700.00 - - - 24,700.00 FY24 Financial Fraud Risk Assessment 50,000.00 (20,994.75) (14,826.00) (35,820.75) 14,179.25 FY24 Charter Revision 45,000.00 (10,360.64) (4,814.15) (15,174.79) 29,825.21 FY24 Training Room Tech Replacement (Police) 10,000.00 - - - 10,000.00 FY24 Crosswalk Safety Improvements 46,680.00 (22,038.82) - (22,038.82) 24,641.18 FY24 Station Street Reconfiguration 382,000.00 - - - 382,000.00 FY24 Personnel Lift 18,000.00 (17,359.21) - (17,359.21) 640.79 FY24 Tractor (Facilities) 58,500.00 (62,817.61) - (62,817.61) (4,317.61) FY24 Pool Wood Sundeck Replacement 60,000.00 - - - 60,000.00 FY23 Roadside Cameras 39,900.00 (21,900.00) (18,000.00) (39,900.00) - FY25 Firewall Upgrades 17,000.00 - - - 17,000.00 FY25 Neighborhood Planning & Small Area Plans 100,000.00 (83,832.37) - (83,832.37) 16,167.63 FY25 Zoning Regulations Update 125,000.00 - - - 125,000.00 FY25 Records Office & Storage Renovation 60,855.00 (14,599.84) (19,512.15) (34,111.99) 26,743.01 FY25 Condenser - BOE/Maintenance Building 22,000.00 (9,785.33) - (9,785.33) 12,214.67 FY25 Town Hall ADA Hardware Upgrade 40,000.00 (39,652.91) - (39,652.91) 347.09 FY25 Scagg Zero Turn Mower 21,850.00 (18,343.64) (532.81) (18,876.45) 2,973.55 FY25 Rebuild Tee #13 2,500.00 - - - 2,500.00 FY25 Simsbury Farms Parking Lot Drainage 51,000.00 (54,000.00) - (54,000.00) (3,000.00) FY25 Golf Course Drainage Projects 15,000.00 - - - 15,000.00 FY25 Ice Rink Edger 12,000.00 - - - 12,000.00 FY25 Mid Yr Website Redesign 40,000.00 - (19,515.22) - 40,000.00 FY25 Document Storage/Digitization of Records 25,000.00 (7,628.35) (29.99) (7,658.34) 17,341.66 FY26 HR Performance Management Software 10,100 - (14,360.75) (14,360.75) (4,260.75) FY26 Internal Control Audit 50,000 - - - 50,000.00 FY26 Wifi Network Upgrades - PD & municipal 49,000 - (27,126.55) (27,126.55) 21,873.45 FY26 Main Meeting Room Audio-Visual Upgrades 15,600 - (10,786.00) (10,786.00) 4,814.0048 Expenditures Appropriation Uncommitted Inception Balance Balance Current Balance Balance Year Project December 31, 2025 June 30, 2025 Year December 31, 2025 December 31, 2025 Town of Simsbury Capital Non-Recurring Fund Schedule of Expenditures Compared with Appropriations For the Period Ended December 31, 2025 FY26 Telephone System 25,000 - (1,240.00) (1,240.00) 23,760.00 FY26 Microsoft Office Upgrade 20,000 - - - 20,000.00 FY26 Mobile Data Terminals 53,000 - (52,317.96) (52,317.96) 682.04 FY26 Animal Control Officer Vehicle 70,000 - - - 70,000.00 FY26 Town Hall South Entry Door Replacement 16,500 - - - 16,500.00 FY26 Roof Repairs - Eno, Library, Town Hall 85,000 - (7,900.00) (7,900.00) 77,100.00 FY26 Library - Automated Door Lock Upgrade 17,600 - - - 17,600.00 FY26 Town Hall - Police - Automatic Door Lock Upgrade 65,000 - - - 65,000.00 FY26 Library - Removal of Underground Fuel Storage Tank 41,800 - (23,991.03) (23,991.03) 17,808.97 FY26 Town Hall - HVAC Controller (VGMA) Replacements 11,500 - - - 11,500.00 FY26 Highway Facility - Overhead Fan Units 31,500 - (2,968.27) (2,968.27) 28,531.73 FY26 Highway Engine Replacement Truck #2 36,000 - (38,894.17) (38,894.17) (2,894.17) FY26 Air Ventilation System (Highway Garage) 94,000 - - - 94,000.00 FY26 Replace breaker/circuit panel at Simsbury Farms Tennis & Paddle Courts 50,000 - - - 50,000.00 FY26 Memorial Field Backstop 22,000 - (18,600.00) (18,600.00) 3,400.00 FY26 Parks Boom Mower Attachment Replacement 15,000 - - - 15,000.00 FY26 Utility Vehicle - Memorial Park 35,000 - (33,103.51) (33,103.51) 1,896.49 FY26 Pickup Truck Replacement 60,000 - (45,815.50) (45,815.50) 14,184.50 FY26 Athletic Field Lining Machine 40,000 - (44,150.00) (44,150.00) (4,150.00) FY26 Clubhouse and Restaurant Improvements 60,000 - - - 60,000.00 FY26 Golf Course Pump House Renovation 157,000 - (104,218.00) (104,218.00) 52,782.00 FY26 Golf Course Greens Mower 55,000 - - - 55,000.00 FY26 Golf Course Drainage Projects 35,000 - - - 35,000.00 FY26 Rebuild Tee #13 20,000 - - - 20,000.00 FY26 WPCA Vehicles 65,000 - (36,950.65) (36,950.65) 28,049.35 FY26 Tootin Hills Stage Curtains and Dual Mic Kit 40,000 - (795.00) (795.00) 39,205.00 FY26 Squadron Line Lower Level Walk Off Carpets 11,000 - (11,000.00) (11,000.00) - FY26 Squadron Line Bathroom Renovation 75,000 - (64,508.24) (64,508.24) 10,491.76 FY26 Squadron Line Phones/PA System/Clocks 100,000 - (93,929.60) (93,929.60) 6,070.40 FY26 Central School Main Hallway Tile 50,000 - (50,000.00) (50,000.00) - FY26 HJMS First & Second Floor Bathroom Renovation 160,000 - (122,534.59) (122,534.59) 37,465.41 FY26 School Buses 300,000 - - - 300,000.00 FY26 Boathouse Wifi 40,000 - (2,280.00) (2,280.00) 37,720.0049 TO: Members of the Board of Education FROM: Matthew T. Curtis, Superintendent of Schools RE: Financial Report/Quarterly Budget Analysis DATE: January 27, 2026 Below is the second quarter budget analysis of the Simsbury Public Schools for the fiscal year 2025-26. Revenues Below is a summary of the District’s State grant awards: Open Choice Academic and Social Support – Funding is used to promote academic and social success for students participating in the Hartford Region Choice program. Simsbury was awarded $187,538 in the current fiscal year, a decrease of $3,529 compared to the prior fiscal year. Simsbury also received a supplemental award of $16,100. Open Choice Attendance & Early Learning - Funding is used to support salaries and benefits for 7 FTE certified staff, tutors, magnet school tuitions, additional Choice student supports, equipment and preschool development. Entitlements are based on the district’s 10/1 enrollment. Simsbury is anticipated to receive a total of $1,906,000 in the current fiscal year, which would represent an increase of $98,492 compared to the prior fiscal year. Special Education Placements & Excess Cost – Funding is provided to reimburse the District for special education costs in excess of 4.5 times the cost of educating a regular education student. Simsbury is projected to receive $2,418,259 based on costs reported with the December 1 filing. The prior year reimbursement totaled $2,521,460. Adult Education – Funding to support Connecticut mandated adult education programs is administered through a cooperative program with the Farmington Continuing Education Department. Simsbury is projected to receive $8,328 in the current fiscal year. The prior year award totaled $9,517. Talent Development (TEAM) – Funding provides partial reimbursement for TEAM mentor stipends. The current year award has not yet been determined. The prior year award totaled $4,833. Private School Health Services – Funding to support private school health services provided by the District’s health services staff as required by Connecticut statute. The current year award is $17,311, a decrease of $794 compared to the prior year. Below is a summary of the District’s Federal grant awards: Title I – Improving Basic Programs – Funding is used to pay for tutor costs as well as instructional materials and equipment. Simsbury was awarded $129,977 in the current fiscal year, an increase of $2,156 compared to the prior fiscal year. Title II Part A – Teacher Quality – Funding is used to recruit and retain highly qualified teachers and provide professional development to teachers and principals. Simsbury was awarded $61,503 in the current fiscal year, an increase of $354 compared to the prior fiscal year. Title III Part A – English Language Acquisition - Funding is used to assist students whose native language is other than English in order to obtain English proficiency and literacy. Simsbury was awarded $11,108 in the current fiscal year, an increase of $1,618 compared to the prior fiscal year. Title IV, Part A – Student Support & Academic Enrichment – Funding is used to (1) provide all students with access to a well-rounded education, (2) improve school conditions for student learning and (3) improve the use of technology in order to improve the academic achievement and digital literacy of all students. Simsbury was awarded $10,000 in the current fiscal year. No change from prior year funding. IDEA – Part B and Pre-School - Funding is used to support the education of identified students; salaries for teaching and support staff, professional development, outside consulting, tutoring services, instructional supplies and equipment, and technology licensing. The current year award is $1,177,127, a decrease of $23,430 as compared with the prior fiscal year.50 Carl Perkins – Funding is used to develop the academic, career and technical skills of secondary students who elect to enroll in career and technical education programs. Specific expenditures supported by the grant include substitute coverage for professional development, student transportation and equipment. The current year Perkins award is $36,662, a decrease of $1,596 as compared to the prior year award. Simsbury also receives a supplemental award, which was $49,365, a $342 decrease compared to the prior year. Medicaid School Based Child Health Program – Section 51 of PA17-2 mandates the district’s participation in the Medicaid School Based Child Health Program. Net reimbursements in the prior fiscal year totaled $45,548. Expenditures The rate of spending in terms of percentage and dollar value from year to year is consistent, with the exception of Equipment- New/Replace. All variances in rate of spending are due to the timing of various vendor payments. Non-Lapsing Fund Summary Beginning Balance as of 6/30/25 860,024 FY26 Use of Non-Lapsing - Ending Balance as of 12/31/25 860,024 2024-25 2025-26 2024-25 General Fund Original Budget YTD Expenditures YTD Expenditures % Spent % Spent General Control 2,766,525 1,283,512 1,262,857 46.39% 54.11% Instruction 54,317,301 22,519,925 21,996,115 41.46% 41.55% Health Services 857,579 379,316 354,755 44.23% 42.14% Pupil Transportation 3,760,974 1,723,289 1,568,126 45.82% 45.44% Operation of Plant 6,117,831 2,737,912 2,666,603 44.75% 46.36% Maint of Plant/Equipment 1,509,139 1,014,178 953,887 67.20% 67.90% Insurance/Pension 14,599,705 7,796,261 7,188,544 53.40% 47.75% Student Body Activities 954,070 337,315 282,199 35.36% 32.28% Community Services 32,563 26,976 22,935 82.84% 70.43% Equipment-New/Replace 257,856 122,834 263,466 47.64% 242.76% Out of District Tuition 3,087,458 1,733,096 1,515,100 56.13% 62.68% Total Public Budget 88,261,001 39,674,614 38,074,587 44.95% 44.68% Non-Public Budget 562,110 209,738 228,829 37.31% 38.87% Total Education Budget 88,823,111 39,884,352 38,303,416 44.90% 44.64% 2025-2651 Town of Simsbury Board of Finance Special Meeting Minutes December 16, 2025 Present: Lisa Heavner; Robert Helfand; Mike Doyle; Regina Pynn and Dr. Lalitha Shivaswamy. Board of Selectmen: Wendy Mackstutis, Steve Antonio, Curtis Looney, Diana Yeisley, Kevin Beal, and Mike Paine. Board of Education: Jeff Tindall, Jessica Parise, Brian Watson, Steven O’Brien, Tara Willerup and Josh Falco Others in attendance included: Marc Nelson, Town Manager; Matt Curtis, Superintendent; Amy Meriwether, Finance Director/Treasurer; Melissa Appleby, Budget Director; Tom Fitzgerald, Deputy Town Manager; Neil Sullivan, Assistant Superintendent of Administration; and Tom Tyburski, Director of Culture, Parks & Recreation Call to Order: Ms. Heavner called the meeting to order at 5:45p.m. in the Program Room of the Simsbury Public Library. Pledge of Allegiance: Everyone stood for the Pledge of Allegiance. Fiscal Year 26/27 Budget Discussion with Board of Selectmen and Board of Education: Ms. Heavner said the three Board Chairs met prior to this meeting with the Town Manager, Superintendent, and Finance Director to discuss the format for this meeting. She will give a presentation with fixed costs from Mr. Curtis and Mr. Nelson. Her presentation will include grand list projections from our Assessor and revenue projections from the Finance Director. She said the Board of Finance will give preliminary guidance from the information received tonight. The guidance will change as new information is received. Ms. Heavner said they will be taking a high-level look at the budget. There will be trade-offs on needs and wants and choices will be required. “We can do almost anything, but we can’t do everything.” Ms. Heavner said there are moving parts to the budget. She spoke about Debt Service, Capital Reserves, and the OPEB Trust. She said the Town is legally required to adopt a balanced budget. Ms. Heavner spoke about revenues, expenditures and the cost of education. She also went through tax history, inflation and Debt Service. She said the Town compares mill rates to other surrounding towns. Ms. Heavner said our per capita grand list is smaller than other towns. She also said we compare the percentage of grand lists to other towns. Ms. Heavner spoke about the grand list projections which are expected to be an increase of 0.46% for FY27. She spoke about the projected total new revenues as well. Ms. Heavner showed expenditures by departments and said there will be a discussion on temporary spikes in the budget. She also went through fixed costs. She said new costs exceed revenue resulting in a 4.30% tax increase and she spoke about the drivers for that increase. She said the biggest drivers are salary and benefits. Ms.52 Heavner said that Social Security benefits will rise; Medicare Part B will rise, and the net Cola increase is $38.10. She showed Simsbury household income distributions, which meet the 19% ALICE thresholds. Ms. Heavner went through the gap in taxes and the unknowns, including municipal aid. She showed tools the Town could use to help with the tax increase including budget and capital reductions. She said there are some grants available for projects as well. She went through resources for building the budget. She said we use a structured budget. Ms. Heavner showed the Board of Finance guidelines with fiscal guardrails while keeping our AAA rating and best practices. Ms. Heavner said the Board of Finance will be discussing the long-term plan for the Town tonight. She said they will capital planning and debt reduction. They will also discuss the OPEB Trust, which is fully funded now. It was designed to reduce long-term costs and volatility. In over 20 years we should be saving $20,000,000. Ms. Heavner also spoke about the Debt Service and major capital investments. She said there are no easy options for major capital investments. They will discuss increasing cash for capital to reduce future tax shock. Ms. Heavner showed FY25 year end results, which shows about a $2,300,000 surplus or 1.9% of the budget. She went through why this could happen. She went through the capital reserves contributions and how the surplus could be so much. She noted that surpluses are usually applied to future capital budgets. Mr. Curtis said they are beginning their budget process now. They did meet with the principals and program leaders to discuss the budget. He said their enrollment projections for the next five years are very stable. He said the projections for Special Education are also stable. He also noted that they were going to be looking at health reserve levels. He said if they can use them it would help with increased costs in benefits alone. Mr. Nelson said the Town is looking at the grand list which is making the budget very challenging this year. He said he has completed all collective bargaining with all the unions until the end of 2028. Mr. Nelson spoke about what contributes to the surplus, saying most of it is from vacancies and staffing issues, especially in the Police Department. He said his team is focusing on repeated spending. They are also taking a hard look at what needs to be cut. Mr. Tindall said the Board of Ed is in a better spot than the past year. They are taking caution on the special ed side, but it is under control for now. They need to build a cushion for students. He feels it is better to work all together for a better budget. Mr. Mackstutis said the Town is willing to work together to reach the targeted budget, but it needs to be realistic. She had some questions about last year’s projected budget for this year’s budget projection. Mr. Nelson said he would look at this and get back to the Board. The Board of Selectmen is just waiting for the Board of Finance guidance. Ms. Yeisley noted that the building permit fees did go up and there was some discussion on that. There was a question about Debt Service. Ms. Heaver said it started in 2022 with $6,500,000, then went up to $7,500,000, then $7,800,000, and now $9,500,000, and then it should settle at about $8,000,000. The Board of Finance would like to lower it to $7,000,000 for cash for capital. There are limits to what can be done. There was also some discussion in the Debt Service and when that would be paid off. Mr. Tindall spoke about the Board of Education and the capital non-recurring fund. He said they are getting a lot done with that, but we need to keep looking at it.53 After more discussion on the budget and how all the Boards can come together to work hard on making the guidelines while still having economic development, the Tri-board ended at 7:32 p.m. and the regular Board of Finance meeting began. Finance Director’s Report: Ms. Meriwether noted there were no major updates to report. Agenda Items: a) FY 26/27 Budget Discussion Ms. Meriwether went through the budget model, scenario 3. She reviewed how the model works and the assumptions used for scenario 3. Discussion ensued. Ms. Heavner asked Ms. Meriwether how much they can use out of Capital Reserves for the upcoming budget. Ms. Meriwether said she will put together scenarios for the January meeting. Ms. Heavner noted that the Board of Ed sends their capital budget to the Board of Selectmen for approval and then the Bord of Selectmen send it to the Board of Finance for approval. The Board of Selectmen approve their budget and then send it to the Board of Finance for approval. The Board then went through what tax increases would be on scenario 3. The Board would like to keep the increases at about 2% or less. Ms. Heavner said inflation is about 3% and this Board needs to figure out what benchmarks to use. There was some discussion on the health insurance. Ms. Meriwether said at 11% increase in health costs to the Board of Education are about $1,000,000 and for the Town it is about $300,000 - $400,000. We can use about $1,000,000 in health reserves. After more discussion on the budget, the Board moved to their guidance discussion. Ms. Heavner went through the decision points from last year. She said they will not use the general fund reserves for recurring expenditures this year. She said there would be a transition to the full OPEB trust as recommended by our actuary, with an impact of about $100,000. We will maintain at least a $250,000 balance in capital reserves. We will maintain our AAA bond rating. We will partner with boards and the public to responsibly fund essential services within available resources. Ms. Heavner then went through the goals on the screen including use of OPEB trust, a municipal cap, the use of Debt Service, annual bonding, GFOA budget award criteria, following capital lapsing rules, benefits budgeting, etc. She also went through the major policy recommendations. There was also some discussion on staffing and the vacancy rates. There was also some discussion on the budgets for the Board of Ed and Board of Selectmen and the tax increases. There was a lot of discussion on health savings and how that would affect the budget and taxes. The Board would still like to stay at a 2.36% increase if not less. The Board of Selectmen and Board of Education should not increase their budget over 3.5%. This budget discussion will continue at the January 2026 meeting. Ms. Pynn made a motion, effective December 16, 2025, to approve the guidance as presented tonight. Mr. Helfand seconded the motion. All were in favor and the motion passed unanimously,54 Review of Minutes: b) November 18, 2025 Regular Meeting Minutes Mr. Helfand made a motion, effective December 16, 2025, to approve the minutes of the November 18, 2025 Regular Meeting. Mr. Doyle seconded the motion. All were in favor and the motion passed unanimously. Mr. Helfand made a motion, effective December 16, 2025, to approve the minutes of the December 10, 2025 Special Meeting. Dr. Shivaswamy seconded the motion. All were in favor and the motion passed unanimously. Adjourn: Mr. Helfand made a motion, effective December 15, 2025 to adjourn the meeting at 9:05 p.m. Dr. Shivaswamy seconded the motion. All were in favor and the motion passed unanimously. Respectfully submitted, Kathi Radocchio Clerk55 Month Date item January 20-Jan BOE Regular Meeting Audit presentation (due OPM by 12/31) Debt Scenarios Quarterly Reports Annual Report Draft Review - Town Manager 27-Jan Superintendent Budget presented to the BOE February 7-Feb BOE Workshop 9-Feb TM presents Budget to BOS 17-Feb BOE Regular Meeting Fiducient Mid-year Transfers Grand List (due OPM by 2/1) Governor's budget Cyber update - IT and Risk Management March 3-Mar BOE presents budget to the BOF 10-Mar BOS presents budget to the BOF 19-Mar BOF Regular Meeting and any budget follow-up April 7-Apr BOF Annual Budget Hearing (4/10 Charter deadline) 21-Apr BOF Regular Meeting and second hearing, if needed Quarterly Report May 19-May BOF Regular Meeting Set Mill Rate Tax Collector Suspense List - Tax Collector Appointment of the Auditor June 16-Jun BOF Regular Meeting Assessment Taxable & Exempt State Report - Assessor Policy review July 17-Jul BOF Regular Meeting Policy discussion August 18-Aug BOF Regular Meeting Economic Development Project Overview - Planner Auditor Governance Communication September 15-Sep BOF Regular Meeting Agenda Planning Board of Finance56 Policy Review Disposition, vehicles and Revenue commitments Fiducient October 20-Oct BOF Regular Meeting FY 2026 Year-End Report and Transfers FY 2027 Quarterly Report Communication Insurance Asset List Grand List Estimate - Assessor November 17-Nov BOF Regular Meetiing December 15-Dec BOF Regular Meeting and Tri-Board Grand List and fixed cost estimates - Assessor, BOS, BOE Reports Actuary (Dec.) 1 x year Lockton (Health) Audit (January) annual (Due to CT OPM 12/30) Tax (May) Assessor (June). GL upate (Oct., Dec., Feb.) IT and Risk Manager on Cyber (Feb.) Development (Aug.) Fiducient: 4 x year for subcommittee; 2 x year full board Investments (monthly) Short version finance reports (monthly) Quarterly Reports (3 x per year) ERP presenataion57 Marc S. Nelson, MPA Thomas J. Roy, PE Town Manager Director of Public Works Town Engineer DEPARTMENT OF PUBLIC WORKS 66 Town Forest Road Tel. (860) 658-3222 West Simsbury, CT 06092 www.simsbury-ct.gov/public-works MEMORANDUM To: Marc Nelson – Town Manager From: Thomas J. Roy, PE, CEM – Director of Public Works/Town Engineer CCCC: Amy Meriwether – Director of Finance; Adam Kessler – Deputy Town Engineer Date: January 13, 2026 Subject: SMPAC Band Shell Expansion – Update from Public Building Committee Attached is the packet for the Performing Arts Center project from the Public Building Committee (PBC) meeting on Monday, January 5, 2026. The project remains on schedule, and with the approval of the second pay application for Millennium Builders, we have expended approximately 16% of the current construction budget. During the meeting, the PBC reviewed three Potential Change Orders (PCOs): • PCO 6 – Front Entry/Vestibule Doors - $12,311: Staff recommended refusal, as this change is not functionally required. The Committee requested further clarification on the door specifications (solid vs. glass) before taking a formal vote. This item is not time-critical and will not impact the project schedule. • PCO 7 – Window Treatments & Dock Bumper Credit - $8,000: This is a credit back to the project. Staff recommended approval, and the PBC passed the motion unanimously. • PCO 8 – Domestic Water Service Extension - $30,755: This was a time-critical item due to unforeseen site conditions. We found failed valves in the meter pit and an undersized 1-inch supply line that was insufficient for the new building. This PCO covers the replacement with a new 2-inch copper line. Work is already in progress to avoid delays. (Note: Town staff may handle the asphalt repairs in the spring to keep costs down). The attached packet includes the full documentation for each PCO. Attachment: Progress Status Report_PBC – SMPAC Band Shell Expansion58 59 Town of Simsbury6 6 T O W N F O R E S T R O A D , W E S T S I M S B U R Y , C O N N E C T I C U T 0 6 0 9 2 ~ Department of Public Works ~ Memorandum: Project Summary To: CC: From: Date: SMPAC Band Shell Expansion Richard Derr - Public Building Committee Tom Roy, Director of Public Works & Town Engineer Adam Kessler, Deputy Town Engineer December 30, 2025 (Updated 1/6/2026) The following report represents the status of the Simsbury Meadows Performing Arts Center (SMPAC) Band Shell Expansion project as of December 30, 2025. Project Team: Architect – Colliers Design and Engineering Contractor – Millennium Builders Materials Testing & Inspection – Tri State Materials Testing Lab Project Budget Report: The referendum amount (5/2024) is $2,782,881 funded by the Town, SMPAC donation, and DECD Urban Act Grant. The design plans and specifications were procured by SMPAC, donated to the Town for bid, and is now recognized as part of the donation amount by SMPAC. Costs to date include grant administration, bid related expenditures, Town efforts to address soils, construction administration, testing, and construction. Project costs paid to date is $169,308.86 and the Town is withholding a retainage of $11,221 from the contractor. Remaining contingency is currently $83,418 (3%). Construction Budget Report: Millennium Builders original contract amount was $2,516,000. To date there are (2) change orders approved with a total value of $(30,904.00) resulting in a current contract amount of $2,419,320. Potential Change Orders: PCO No. 6 – Doors 101A and 101B (Add $12,311.00) PCO scope of work includes a change to openings 101A and 101B from hollow metal to aluminum entrances to match the windows. PCO No.7 – Credit for Window Treatments and Dock Bumper (Deduct $8,000.00) PCO removes two items, Window Treatments and Dock Bumper, from the project for additional savings. Schedule: Footings were completed on 12/18 along with 75% of the foundation wall. Remaining foundation wall and piers will be poured on 1/6. Roof demolition began on 12/18.60 Town of Simsbury Department of Public Works Page 2 of 2 The critical path remains structural steel. Steel has been delivered and is currently stored at Excel Steel & Worldside Welding located in East Berlin, CT. Steel fabrication is on-going with the first site delivery scheduled for late-January. The schedule indicates a completion date of July 3, 2026. Critical Items: Existing Water Service – Contractor noted a variety of pipe sizes and materials – 1” copper exiting the meter pit, 2” plastic exterior Col. P3, and 2” copper entering the building. Per the MEP consultant, the project requires a continuous 2” service from meter pit to building due to the number of water closets. Contractor will provide a proposed change order to replace the water service from meter pit to the project limits, approximately 169-feet. Project Contingency and known additional costs – Anticipated cost for the new 8” main, hydrant, and fire service is estimated to be $150k - $192k and exceeds the contingency at this time. A referendum has been scheduled for January 24th to add $388,000 to the project budget to support this known cost as well as others such as security camera prep, adding back replacement of existing siding to match. The funding will provide additional contingency and unspent funds will be returned to the Town. Schedule – An updated schedule received on 12/19 indicates a completion date of July 3rd. Even though the steel is expected 26 days late, most of the remaining work is only delayed five days and indicates the Contractor is working with the Town to deliver the project before June 30. It is critical that a certificate of occupancy is obtained prior to June 30th before the first Hartford Symphony performance. May and June Events – SMPAC has scheduled events that will require the stage. Staff is working with the Building Department and Fire Department to determine expectations and feasibility in order for the stage and backstage area to be utilized for concerts before the project is complete. Action Items: a. PCO 6 – Change Doors 101A and 101B to match Store Front Windows. See Attached. This PCO will add $12,311 to the project. Recommend refusal. b. PCO 7 – Credit for Window Treatments and Dock Bumper. See Attached. This PCO will provide a savings of $8,000 to the project. Recommend approval. c. PCO 8 - Domestic Water Service Extension. Added to packet for the record following discussion at 1/5 PBC meeting. This PCO will add $30,755 to the project. Recommend approval. d. Pay Application No. 2 – Work Through December 31, 2025. See Attached. Please note that the pay application includes material stored at the steel fabricator. The Town has been provided the appropriate documentation including a certificate of insurance for the material. Recommend approval. e. Colliers Invoices f. Tri-State Invoices61 Action: For Refusal SMPAC Band Shell Expansion PCO #06 Add Change Order to match Entry Doors (101A and 101B) to Store Front Windows62 MILLENNIUM BUILDERS, INC. 176 OLD WINSTED ROAD TORRINGTON, CT 06790 CHANGE PROPOSAL COST SUMMARY PROJECT NAME: Simsbury Meadows Performing Arts Center CHANGE PROPOSAL NUMBER: 06 DATE OF PROPOSAL: 12/9/25 SUMMARY OF COSTS ITEM 1 LABOR COSTS RATE HOURS LABORER $64.55 $0.00 CARPENTER $71.22 -8 -$569.76 MASON $77.50 $0.00 FOREMAN $90.00 $0.00 SUBTOTAL LABOR COSTS -$569.76 ITEM 2 MATERIAL -$8,519.09 ITEM 3 EQUIPMENT COSTS $0.00 FREIGHT & DELIVERY CHARGES $0.00 TOTAL DIRECT COST BEFORE OVERHEAD AND PROFIT -$9,088.85 ITEM 4 SUBCONTRACTOR COSTS $20,350.00 SUBTOTAL OF COSTS $11,261.15 10% OH&P ON SUBCONTRACT WORK $2,035.00 15% OH&P MBI WORK -$1,363.33 TOTAL COST & PROFITS BEFORE BONDS, INSURANCE & OTHER COSTS: $11,932.82 BOND COST $0.00 GENERAL LIABILITY INSURANCE $187.35 PAYMENT AND PERFORMANCE BONDS $190.93 ITEM 5 UNIT PRICE ITEM $0.00 TOTAL PRICE OF CHANGE PROPOSAL: $12,311.00 TIME REQUIRED: 0 Days SCOPE OF WORK: Change openings 101A and 101B from hollow metal to aluminum entrances Page 1 of 263 MILLENNIUM BUILDERS, INC. 176 OLD WINSTED ROAD TORRINGTON, CT 06790 CHANGE PROPOSAL COST SUMMARY ITEM 2 MATERIALS AND SUPPLIES MATERIAL / SUPPLY ITEMS COST QUANTITY COST 1 Tull Brothers -$8,519.09 2 3 4 5 6 7 8 TOTAL MATERIAL AND SUPPLIES: -$8,519.09 ITEM 3 EQUIPMENT COSTS EQUIPMENT ITEM COST QUANTITY COST 1 $0.00 2 $0.00 3 $0.00 4 $0.00 5 $0.00 TOTAL EQUIPMENT COSTS: $0.00 ITEM 4 SUBCONTRACTORS SUBCONTRACTOR COST 1 $20,350.00 2 3 4 5 TOTAL SUBCONTRACTOR COSTS: $20,350.00 ITEM 5 UNIT PRICE ITEMS UNIT PRICE ITEM COST QUANTITY COST 1 $0.00 2 $0.00 3 $0.00 4 $0.00 5 $0.00 $0.00 TOTAL UNIT COSTS: $0.00 CSSI Page 2 of 264 Change Order Contemplated Change Order #1 CREDIT FOR OPENINGS 101A AND 101B PER GC'S REQUEST. Dec 8, 2025 4:40 PM Page 1 of 1 -1 Pair Doors #101A EXTERIOR from VESTIBULE 101 90° LHR\RHR -1 Pair HMD IQ 16 A60 3070 FG SEM 1 3/4 LHR\RHR (45R; 4885_FG; C1; CAULK_TC; PV8) -1 TQ3 14 A60 578 DBL 6070 T3 LHR\RHR (45R; A01_MSZ1-; C2; SR6) -6 Hinge ECBB1101 4 1/2 x 4 1/2 NRP US32D HA -2 Exit Device 4501 SVR 36" X 84" x 45CE ARC 1-3/4" US26D, US32D HA -2 Mortise Cylinder 3902 1-1/8" 7 PIN US26D HA -2 Cylinder Core A600 7 PIN 626 YA -2 Closer 5300 MLT ALM HA -2 Dust Proof Strike 280X US26D HA -1 Jamb Weatherstrip 892S N 1 x 72" 2 x 84" MIL HA -2 Door Bottom Shoe 752S V 36" CLR HA Opening Total: -1 Pair Doors #101B VESTIBULE 101 from CORRIDOR 102 90° LHR\RHR -1 Pair HMD RI 18 CRS 3070 FG 1 3/4 LHR\RHR (45R; 4885_FG; C1; PV8) -1 SQ 16 CRS 578 DBL 6070 T3 LHR\RHR (45R; A01_MSZ1-; C2; SR6) -6 Hinge ECBB1101 4 1/2 x 4 1/2 NRP US32D HA -2 Exit Device 4501 SVR 36" X 84" x 45BE ARC 1-3/4" US26D, US32D HA -2 Closer 5300 MLT ALM HA -2 Door Silencer 608-RKW GRAY RO Opening Total: Section Totals Finish Hardware (4,172.31) Hollow Metal (4,346.78) Pre-Tax Total: Taxes FDM FEDERAL & STATE MAT. 0.00 Tax Total: Credit Grand Total:65 470 Governors Highway South Windsor, CT 06074 P. 860.282.7122 F. 860.289.7258 Customer: Date: Contact: Project Name: Address: CSSI Project #: Address: Phone: E-mail: CO #: Item # Quantity Unit Cost TOTAL -$ -$ -$ -$ -$ -$ 1 20,350.00$ 20,350.00$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL COST OF THE ABOVE CHANGES: 20,350.00$ The scope of the changes included above will change the overall contract duration by days (+/-). Commercial Storefront Services, Inc. (Signature) Date: (Printed Name & Title) FORM VERSION 2024.CO1-R1 Date: 176 Old Winsted Road CONT.0589 CHANGE ORDER VALUATION FORM Millennium Builders, Inc 9-Dec-25 Dan Lowell Simsbury Meadows Performing Arts Center 101B. Doors to be 1-3/4" thick, wide stile doors with 10" bottom rail. Torrington, CT 06790 22 Iron Horse Blvd Simsbury, CT 06070 860.571.0555 860.571.0550 0589-CO1 CHANGE ORDER DESCRIPTION & VALUATION Description Furnish and install 2ea aluminum storefront entrances at doors 101A and Doors to be equipped with hardware as directed in RFI response dated 12/8/2025. Aluminum finish and glazing to match storefront windows currently included under contract F&I 2ea Entrances CONTRACT VALUATION Original Contract Sum: $ Total Value of Previously Authorized Change Orders: Updated Contract Value Prior to the Above Changes: $ Total Modification Amount to the Contract Per the Above Changes: 20,350.00$ The New Contract Value Shall Be: $ NOTES: Any change order item which is a replacement of an item from the original scope will be ordered from the original manufacturer and will be subject to lead-times at the time of order. Items which are new to the contract scope will be provided as discussed with the project team. A basic informational submittal will be provided to order materials as soon as possible with any drawing updates to follow for record. Millennium Builders, Inc December 9, 202566 SMPAC Band Shell Expansion Action: For Approval PCO #07 Credit Change Order for Window Treatments and Dock Bumper67 MILLENNIUM BUILDERS, INC. 176 OLD WINSTED ROAD TORRINGTON, CT 06790 CHANGE PROPOSAL COST SUMMARY PROJECT NAME: Simsbury Meadows Performing Arts Center CHANGE PROPOSAL NUMBER: 07 DATE OF PROPOSAL: 12/19/25 SUMMARY OF COSTS ITEM 1 LABOR COSTS RATE HOURS LABORER $64.55 $0.00 CARPENTER $71.22 $0.00 MASON $77.50 $0.00 FOREMAN $90.00 $0.00 SUBTOTAL LABOR COSTS $0.00 ITEM 2 MATERIAL $0.00 ITEM 3 EQUIPMENT COSTS $0.00 FREIGHT & DELIVERY CHARGES $0.00 TOTAL DIRECT COST BEFORE OVERHEAD AND PROFIT $0.00 ITEM 4 SUBCONTRACTOR COSTS -$8,000.00 SUBTOTAL OF COSTS -$8,000.00 10% OH&P ON SUBCONTRACT WORK $0.00 15% OH&P MBI WORK $0.00 TOTAL COST & PROFITS BEFORE BONDS, INSURANCE & OTHER COSTS: -$8,000.00 BOND COST $0.00 GENERAL LIABILITY INSURANCE $0.00 PAYMENT AND PERFORMANCE BONDS $0.00 ITEM 5 UNIT PRICE ITEM $0.00 TOTAL PRICE OF CHANGE PROPOSAL: -$8,000.00 TIME REQUIRED: 0 Days SCOPE OF WORK: Credit for window treatments and dock bumpers Page 1 of 268 MILLENNIUM BUILDERS, INC. 176 OLD WINSTED ROAD TORRINGTON, CT 06790 CHANGE PROPOSAL COST SUMMARY ITEM 2 MATERIALS AND SUPPLIES MATERIAL / SUPPLY ITEMS COST QUANTITY COST 1 2 3 4 5 6 7 8 TOTAL MATERIAL AND SUPPLIES: $0.00 ITEM 3 EQUIPMENT COSTS EQUIPMENT ITEM COST QUANTITY COST 1 $0.00 2 $0.00 3 $0.00 4 $0.00 5 $0.00 TOTAL EQUIPMENT COSTS: $0.00 ITEM 4 SUBCONTRACTORS SUBCONTRACTOR COST 1 -$2,000.00 2 -$6,000.00 3 4 5 TOTAL SUBCONTRACTOR COSTS: -$8,000.00 ITEM 5 UNIT PRICE ITEMS UNIT PRICE ITEM COST QUANTITY COST 1 $0.00 2 $0.00 3 $0.00 4 $0.00 5 $0.00 $0.00 TOTAL UNIT COSTS: $0.00 Dock Bumpers Window Treatments Page 2 of 269 SMPAC Band Shell Expansion Action: For Approval PCO #08 Domestic Water Line Extension, Valve Replacement & Secondary Line Tie‐in Paper copy of the PCO provided to the PBC at the 1/5 meeting for review and discussion. PCO added to the packet on 1/6 for the record.70 MILLENNIUM BUILDERS, INC. 176 OLD WINSTED ROAD TORRINGTON, CT 06790 CHANGE PROPOSAL COST SUMMARY PROJECT NAME: Simsbury Meadows Performing Arts Center CHANGE PROPOSAL NUMBER: 08 DATE OF PROPOSAL: 1/5/26 SUMMARY OF COSTS ITEM 1 LABOR COSTS RATE HOURS LABORER $64.55 $0.00 CARPENTER $71.22 $0.00 MASON $77.50 $0.00 FOREMAN $90.00 $0.00 SUBTOTAL LABOR COSTS $0.00 ITEM 2 MATERIAL $0.00 ITEM 3 EQUIPMENT COSTS $0.00 FREIGHT & DELIVERY CHARGES $0.00 TOTAL DIRECT COST BEFORE OVERHEAD AND PROFIT $0.00 ITEM 4 SUBCONTRACTOR COSTS $27,100.00 SUBTOTAL OF COSTS $27,100.00 10% OH&P ON SUBCONTRACT WORK $2,710.00 15% OH&P MBI WORK $0.00 TOTAL COST & PROFITS BEFORE BONDS, INSURANCE & OTHER COSTS: $29,810.00 BOND COST $0.00 GENERAL LIABILITY INSURANCE $468.02 PAYMENT AND PERFORMANCE BONDS $476.96 ITEM 5 UNIT PRICE ITEM $0.00 TOTAL PRICE OF CHANGE PROPOSAL: $30,755.00 TIME REQUIRED: 0 Days SCOPE OF WORK: Replace existing valves and fittings downstream of meter in meter pit; extend 2" copper water service line +/- 175 lf; tie-in secondary water lines from the barn and dog park. Page 1 of 271 MILLENNIUM BUILDERS, INC. 176 OLD WINSTED ROAD TORRINGTON, CT 06790 CHANGE PROPOSAL COST SUMMARY ITEM 2 MATERIALS AND SUPPLIES MATERIAL / SUPPLY ITEMS COST QUANTITY COST 1 2 3 4 5 6 7 8 TOTAL MATERIAL AND SUPPLIES: $0.00 ITEM 3 EQUIPMENT COSTS EQUIPMENT ITEM COST QUANTITY COST 1 $0.00 2 $0.00 3 $0.00 4 $0.00 5 $0.00 TOTAL EQUIPMENT COSTS: $0.00 ITEM 4 SUBCONTRACTORS SUBCONTRACTOR COST 1 $24,700.00 2 $2,400.00 3 4 5 TOTAL SUBCONTRACTOR COSTS: $27,100.00 ITEM 5 UNIT PRICE ITEMS UNIT PRICE ITEM COST QUANTITY COST 1 $0.00 2 $0.00 3 $0.00 4 $0.00 5 $0.00 $0.00 TOTAL UNIT COSTS: $0.00 Yield Industries ADP Mechanical Services Page 2 of 272 PROPOSAL December 31, 2025 To: Project: P.O. Box 6 Torrington, CT 06790 Office (860) 806-9700 Fax (860) 618-5747 Scope of Work: -Saw Cut Roadway -Extend 2” Copper Domestic Water Service from original planned termination point to Meter Pit. Additional 175’ +/- -Tie into 2x Existing Poly Branch Lines (Curb Stops & Boxes to Grade) -Bedding Sand, Bury Tape, M.05.01 Processed Aggregate Backfill to grade. Total Project Cost: $24,700.00 Twenty-Four Thousand Seven Hundred Dollars and Zero Cents Pavement Restoration ADD/ALT: $4,4,900.00 Exclusions: Permits, hazardous material handling or disposal, design or engineering, CT Sales Tax, Pavement Restoration. I hope this proposal meets with your approval and we look forward to working with you on this project. If you have any questions or comments, please call me at (860) 307-8202. Sincerely Yours, Eric Odenwaelder Project Manager Not included in MBI PCO #08 dated 1/5/26 73 74 SMPAC Band Shell Expansion Action: For Approval PAY APPLICATION NO. 2 Pay Application for work completed through December 31, 202575 76 77 78 79 80 SMPAC Band Shell Expansion Action: For Approval COLLIERS ENGINEERING AND DESIGN INVOICES Inv. 7444 (Sept 2025) $ 11,200.00 Inv. 7621 (Sept. 2025) $ 3,500.00 Inv. 7861 (Nov. 2025) $ 4,000.00 Inv. 7950 (Dec. 2025) $ 5,900.0081 INVOICE #: 7444 In accordance with our business terms and conditions, acceptance of this invoice is implied unless Colliers Engineering & Design, Architecture, Landscape Architecture, Surveying, CT P.C. is notified by 14 days from the date of this invoice. If timely payment cannot be made due to any discrepancy, please E-mail a brief explanation to darlene.hawley@collierseng.com and we will reply as soon as possible. Payments are required in 30 days. REMIT TO: Colliers Engineering & Design c/o Phase Zero Design, Inc., 8 Wilcox Street, Simsbury, CT 06070 Email To: DATE: 30 September 2025 akessler@simsbury-ct.gov CLIENT: Town of Simsbury Bill To: Town of Simsbury Adam Kessler 933 Hopmeadow St Simsbury, CT, 06070 PROJECT NAME: SMPAC-CA (Town Led) PROJECT JOB NUMBER: 23193 PURCHASE ORDER #: (If applicable) 26001426 INVOICE SUMMARY Stage Fee $ Invoiced to Date % Amount Invoiced $ Previously Invoiced $ Invoiced this Invoice $ Construction Administration (In House) 31,300.00 11.18 3,500.00 3,500.00 - Construction Administration (On Site) - - - - - ASD (2hr wall) - 11,200.00 100.00 11,200.00 - 11,200.00 Total 42,500.00 14,700.00 3,500.00 11,200.00 *For HOURLY Charges of phases invoiced hourly and REIMBURSABLE expense breakdowns, see following page. TOTAL AMOUNT DUE $11,200.00 Effective April 1, 2025, we will impose a surcharge of 5% on any transaction paid by credit card. We do accept Visa, Mastercard, Discover and American Express card brands. We accept checks and ACH payments without any surcharges.82 INVOICE #: 7444 In accordance with our business terms and conditions, acceptance of this invoice is implied unless Colliers Engineering & Design, Architecture, Landscape Architecture, Surveying, CT P.C. is notified by 14 days from the date of this invoice. If timely payment cannot be made due to any discrepancy, please E-mail a brief explanation to darlene.hawley@collierseng.com and we will reply as soon as possible. Payments are required in 30 days. REMIT TO: Colliers Engineering & Design c/o Phase Zero Design, Inc., 8 Wilcox Street, Simsbury, CT 06070 HOURLY CHARGES (Breakdown of HOURLY Charges this billing period, if any, shown below) EXTERNAL & REIMBURSABLE EXPENSES (Breakdown of EXTERNAL and REIMBURSABLE expenses this billing period, if any, shown below) *All Reimbursable/Mileage charges above include 15% mark up on Reimbursables and 15% mark up on Mileage.83 INVOICE #: 7621 In accordance with our business terms and conditions, acceptance of this invoice is implied unless Colliers Engineering & Design, Architecture, Landscape Architecture, Surveying, CT P.C. is notified by 14 days from the date of this invoice. If timely payment cannot be made due to any discrepancy, please E-mail a brief explanation to darlene.hawley@collierseng.com and we will reply as soon as possible. Payments are required in 30 days. DATE: 30 September 2025 akessler@simsbury-ct.gov CLIENT: Town of Simsbury Town of Simsbury Adam Kessler 933 Hopmeadow St Simsbury, CT, 06070 PROJECT NAME: SMPAC-CA (Town Led) PROJECT JOB NUMBER: 23193 PURCHASE ORDER #: (If applicable) 26001196 *For HOURLY Charges of phases invoiced hourly and REIMBURSABLE expense breakdowns, see following page. Effective April 1, 2025, we will impose a surcharge of 5% on any transaction paid by credit card. We do accept Visa, Mastercard, Discover and American Express card brands. We accept checks and ACH payments without any surcharges.84 INVOICE #: 7621 In accordance with our business terms and conditions, acceptance of this invoice is implied unless Colliers Engineering & Design, Architecture, Landscape Architecture, Surveying, CT P.C. is notified by 14 days from the date of this invoice. If timely payment cannot be made due to any discrepancy, please E-mail a brief explanation to darlene.hawley@collierseng.com and we will reply as soon as possible. Payments are required in 30 days. (Breakdown of HOURLY Charges this billing period, if any, shown below) (Breakdown of EXTERNAL and REIMBURSABLE expenses this billing period, if any, shown below) *All Reimbursable/Mileage charges above include 15% mark up on Reimbursables and 15% mark up on Mileage.85 86 87 88 89 SMPAC Band Shell Expansion Action: For Approval TRI‐STATE MATERIALS TESTING LAB INVOICES Inv. TSMT16916 (12/7/2025) $ 1,227.72 Inv. TSMT16917 (12/7/2025) $ 1,481.59 Inv. TSMT16977 (12/17/2025) $ 1,272.6390 1,227.72Thank you for your business. $1,227.7291 1,481.59Thank you for your business. $1,481.5992 1,272.63Thank you for your business. $1,272.6393