As your Town Treasurer, I'm pleased to present our financial reports for fiscal year 2024. This past year brought both opportunities and challenges as we worked through not one but two major flooding disasters while still managing the daily workflow.  

Our town ended the year with a large surplus in the highway department budget and a smaller surplus in the town budget. Tax collections remained steady at 98.2% of assessments.

Members of the town office worked diligently over the past year to process transactions, maintain accurate records, and serve our residents with a customer service mindset. We maintained communication during each of the flooding events by providing regular updates through our website and Facebook page.

The treasurer’s office closed out seven grants in calendar year 2024 returning a total of $274,099.36 in state and federal funds to the town. We are actively working with FEMA and our assigned state contractor to complete the flood damage assessments for both 4810-VT and 4826-VT. To date $834,116.83 has been spent in support of storm repairs. 

This year we also completed a successful financial audit conducted by external auditors. The complete financial statements and external auditor's report are available on our website. I encourage you to review these documents and reach out to our office with any questions. We're here to serve you and ensure transparent management of our town's resources.

As we move into 2025, we remain committed to transparency and working together to support the services and infrastructure that make Waterford a wonderful place to live.