Town of PRINCETON Est 1873 Vva R PIRaN Jipdatil April 7, 2025 7:00PM BOARD OF COMMISSIONERS - BOARD MEETING AGENDA 1. Call to Order 2. Invocation & Pledge 3. Adopt Agenda for the April 7, 2025 Board Meeting 4. Approval of Consent Agenda A. February 27th, 12pm Called Zoom Meeting B. March 3rd, 11am Called Zoom/In Person Meeting and C. March 3rd, 2025 7pm Regular Board Minutes D. Amended Project Ordinances i. Stormwater Management Plan ii. Water System AIA iii. Sewer System AIA iv. Economic Development E. TRC Project Resolutions i. Tentative Award of the Holt's Pond Road Sewer Ext. ii. Study in Collection System Repairs iii. Study in Water System improvements 5. Comments from Mayor and Commissioners 6. Public Comments - Persons to be Heard 7. S. Pine St. Drainage Project Update 8. Budget Meeting 9. 107 N. Pearl St. Rental Home 10. Audit Contract FY25-26 11. Adjourn Town Hall will be closed. April 18th for Good Friday Next Board meeting is May 5th 44 Town of Princeton board meeting 12:00 pm February 27, 2025 Present: Mayor Stacy Johnson, Comm. Martin, Comm. Holmes, Comm. Robinson, Comm. Boyette, Others: TA Michael King, TC April Williamson, Asst. TC Elizabeth Sasser, Attorney Bob Spence. Mayor Johnson calls to order at 12:04 PM. Discussion opens by Mayor Johnson on the Library contract. Concerns were made by board members on the dangers of not having the allocated funds before signing the contract. Attorney Bob Spence expressed the urgency and the need to make sure the funds are. secure before moving forward. Comm. Martin questioned the house for rent on Pearl St. Mayor. Johnson assured him that the tenant is aware and prepared to move if the need arises. A motion was made by Commissioner Boyette to present the lease agreement to Hope Dougherty stating the town is to receive $428,000 by 4:00pm on Friday February 28, 2025. If they counter, we would accept $100,000 via check and $328,000 in escrow by a third party. Second was made by Commissioner Robinson. Motion carried 4-0. Meeting adjourned at 1:10 pm Mayor, Stacey Johnson Asst. Town Clerk, Elizabeth Sasser Town of Princeton board meeting 7:00 PM March 3, 2025 4B Present: Mayor Stacy Johnson, Comm. Martin, Comm. Holmes, Comm. Robinson, and Comm. Boyette. Others: TA Michael King, TC April Williamson, Asst. TC Elizabeth Sasser, PWS Buddy Sanders, Officer Bobby Stocks, Pete Jones, Kelly Jones, Teresa Chappell, Ken Core, Sarah Core, Robert Ballance, and John Gibson. Mayor Johnson calls to order the March 3rd board meeting at 7:00 PM. Mayor Johnson proposed the adoption of the agenda for the meeting on March 3, 2025. Comm. Robinson motioned in favor. Comm. Holmes seconded the motion. Motion passed 4-0. Comm. Martin made a motion to adopt the February 3, 2024 board minutes. Comm. Boyette seconded the motion. Motion passed 4-0. At 7:02 pm Mayor Johnson thanked the board members for attending the 2025 planning retreat and stated it was very informative and successful. The Mayor made comments on the progress of the radio read meter application stating we are in the process of applying for funds and have reached out to Rep. Larry Strickland and Sen. Benton Sawrey for assistance. No other commissioners spoke at this time. Mayor Johnson opened the public comments at 7:04 pm. Robert Balance of 1039 Holts Pond Rd. approached the board on his concerns with the out-of-town water and sewer rates. He stated the town charges 200% more for out-of-town VS in town and he feels this should be evaluated and adjusted. Town Clerk April Williamson opened the public hearing for Parcel 04P10047 at 7:06 pm. Sara Core from 120 Shore Line Dr. approached the board with conçerns about traffic and school impacts caused by the future development of the parcel. TA King recommended contacting DOT as the traffic study being conducted would be completed by the state. TA King also assured her that the Board of Education is prepared for the impact ofthe parcel annexation and future development. TAI King confirmed the town does have enough water and sewer capacity for the potential development. John Gibson of 187 Shoreline Dr. approached the board with concerns about the environmental and wetland study. TA King replied the wetlands in question would be protected and any development would be restricted to an environmental study and the town subdivision ordinance requirements; if the town ordinances require a study it would be completed prior to development. The study, if required, and any documentation associated with the development process would be public record and he would be glad to share any information with Mr. Gipson or anyone else with concerns. The public hearing closed at 7:14 pm with a motion by Comm. Martin to accept the Ordinance to Extend the Corporate Limits of the Town of Princeton, NC to Parcel 04P10047 and a second motion by Comm. Holmes. The motion passed 4-0. Mayor Johnson stated he is the owner of Pinecroft S/D and with the conflict needs to turn the meeting over to the Mayor Pro Tem. At 7:16 pm Comm. Martin made a motion to recuse Mayor Johnson from the discussion and allow Mayor Pro temp Holmes to lead. Comm. Boyette seconded the motion and the motion passed 4-0.. MPT Holmes presented to the board the final plat for Pinecroft S/D Phase I; the preliminary plat was adopted in March 2022. MPT Holmes stated that Phases - will include lots 1- 18, 46 & 47, there will be a mini lot of 7150 sf and a max of 9967 sf, the tract is zoned R-3 and will be converted to PUD R-3, with setbacks of 10' front and 5' rear. After reviewing the final plan map for approval, a motion to adopt was made by Comm. Martin, and seconded by Comm. Boyette. Motion passed 4-0. At 7:19 pm a motion was made by Comm. Martin to turn the meeting back over to Mayor Johnson. It was seconded by Comm. Boyette and the motion passed 4-0. Mayor Johnson opened the Johnston County Economic Advisory Board Appointment for Kevin Dougherty; stating Mr. Dougherty has submitted an application to continue to serve on the Johnston County Economic Advisory Board. Comm. Martin stated Mr. Dougherty has represented the community for many years and has done an admirable job. A motion was made by Comm. Martin to re-elect Mr. Dougherty. Comm. Holmes seconded the motion. Motion passed 4-0. The planning board appointment opened at 7:21 PM with an application from Robert Creech of 104 Cedar Springs Dr. The board reviewed Mr. Creech's application, Comm. Boyette said she liked his response as to why he would like to serve; to help the town grow in a reasonable manner by making the best decisions to facilitate the growth. Comm. Boyette made a motion to appoint Robert Creech to the Planning Board as an ETJ member. Comm. Martin seconded the motion and the motion passed unanimously. With no other business to discuss there was a motion to adjourn was made by Comm. Martin at 7:23 pm. A second was made by Comm. Boyette. Motion passed 4-0. Mayor, Stacy Johnson Asst. Town Clerk, Elizabeth Sasser 4c Town of Princeton board meeting 12:00 pm February 27, 2025 Present: Mayor Stacy Johnson, Comm. Martin, Comm. Holmes, Comm. Robinson, Comm. Boyette, Others: TA Michael King, TC April Williamson, Asst. TC Elizabeth Sasser, Attorney Bob Spence. Mayor Johnson calls to order at 12:04 PM. Discussion opens by Mayor Johnson on the Library contract. Concerns were made by board members on the dangers of not having the allocated funds before signing the contract. Attorney Bob Spence expressed the urgency and the need to make sure the funds are secure before moving forward. Comm. Martin questioned the house for rent on Pearl St. Mayor Johnson assured him that the tenant is aware and prepared to move if the need arises. A motion was made by Commissioner Boyette to present the lease agreement to Hope Dougherty stating the town is to receive $428,000 by 4:00pm on Friday February 28, 2025. If they counter, we would accept $100,000 via check and $328,000 in escrow by a third party. Second was made by Commissioner Robinson. Motion carried 4-0. Meeting adjourned at 1:10 pm Mayor, Stacey Johnson Asst. Town Clerk, Elizabeth Sasser 4D ORDINANCE ADOPTING A CAPITAL PROJECTS BUDGET AMENDED STORMWATER MANAGEMENT PLAN TOWN OF PRINCETON Be it Ordained by the Board ofCommissioners of the Town of Princeton, North Carolina in regular session assembled, that: SECTION 1. Pursuant to the North Carolina General Statutes 159-13.2, the following appropriations are designed for the receipt of funds and for construction cost, and all other amenities necessary. FUND: Capital Projects = 60 STORMWATER MANAGEMENT PLAN ESTIMATED REVENUES: 60-349-0000 NC ARP STORMWATER AIA GRANT $120,900 ESTIMATED EXPENDITURES: 60-446-0401 ENGINEERING AIA EXISTING INFRASTRUCTURE $94,700 60-446-0402 ENGINEERING STORMWATERCAPTAL PLANNING $22,000 60-446-0403 ENGINEERING PROJECT MANAGEMENT & MEETING $4,200 SECTION 2. A copy of this Project's Budget Ordinance shall be furnished to the Budget and Finance Officer oft the Town ofP Princeton to be kept for direction in the collection of revenues and expenditures of amounts appropriated. Adopted this the 7 day of Apdl 2025. Stacy Johnson, Mayor Attest: Aailuluman Aphil Williamson, Town Clerk - - VIN SEAL 1873 PORA ORDINANCE ADOPTING A CAPITAL PROJECTS BUDGET AMENDED WATER SYSTEM ASSET INVENTORY ASSESSMENT TOWN OF PRINCETON Be it Ordained by the Board of Commissioners of the Town of Princeton, North Carolina in regular session assembled, that: SECTION 1. Pursuant to the North Carolina General Statutes 159-13.2, the following appropriations are designed for the receipt of funds and for construction cost, and all other amenities necessary. FUND: Capital Projects - 59 WATERSYSTEM AIA ESTIMATED REVENUES: 59-349-0000 NÇDEQ GRANT $150,000 ESTIMATED EXPENDITURES: 59-446-0401 ENGINEERING FEES $150,000 SECTION2. A copy of this Project's Budget Ordinance shall be furnished to the Budget and Finance Officer of the Town ofPrinceton to be kept for direction in the collection of revenues and expenditures of amounts appropriated. Adopted this the - day of April 2025. Stacy Johnson, Mayor Attest: Dpi Wun a April Williamson, Town Clerk SEAL Mu - V 1873 ORDINANCE ADOPTING A CAPITAL PROJECTS BUDGET AMENDED SEWER SYSTEM ASSET INVENTORY ASSESSMENT TOWN OF PRINCETON Bei it Ordained by the Board ofCommissioners of the Town of Princeton, North Carolina in regular session assembled, that: SECTION 1. Pursuant to the North Carolina General Statutes 159-13.2, the following appropriations are designed for the receipt of funds and for construction cost, and all other amenities necessary. FUND: Capital Projects - 58 SEWER SYSTEM AIA ESTIMATED REVENUES: 58-349-0000 NCDEQ GRANT $150,000 ESTIMATED EXPENDITURES: 58-446-0401 ENGINEERING FEES $150,000 SECTION 2. A copy of this Project's Budget Ordinance shall be furnished to the Budget and Finance Officer oft the Town ofPrinceton to be kept for direction in the collection of revenues and expenditures of amounts appropriated. Adopted this the day of April 2025. Stacy Johnson, Mayor Attest: doib wuieman Apri Williamson, Town Clerk II H SEAL a 1873 a ORDINANCE ADOPTING A CAPITAL PROJECTS BUDGET AMENDED ECONOMIC DEVELOPMENT TOWN OF PRINCETON Be it Ordained by the Board of Commissioners of the Town of Princeton, North Carolina in regular session assembled, that: SECTION 1. Pursuant to the North Carolina General Statutes 159-13.2, the following appropriations are designed for the receipt of funds and for construction cost, and all other amenities necessary. FUND: Capital Projects = 55 Economic Development ESTIMATED REVENUES: 55-349-0000 NC DEPT TREASURER GRANT $315,000 ESTIMATED EXPENDITURES: 55-446-0401 ENGINEERING FEES $0 55-446-0402 LEGAL FEES $0 55-446-0403 CONSTRUCTION ADMINISTRATION $0 55-446-4500 CONSTRUCTION FEES $0 SECTION 2. A copy ofthis Project's Budget Ordinance shall be furnished to the Budget and Finance Officer of the Town of Princeton to be kept for direction in the collection of revenues and expenditures of amounts appropriated. Adopted this the 7 day of April 2024. Stacy Johnson, Mayor Attest: Govi. Wiliomain Aptil Williamson, Town Clerk SEAL a 1 - C NCEC 1873 PORP FIN 4Ei RESOLUTION OF TENTATIVE AWARD WHEREAS, the Town of Princeton, North Carolina has received bids, pursuant to duly advertisement notice therefore, for construction of the Holts Pond Road Sewer Extension (C5370585-03), and WHEREAS, TRC Engineers, Inc., the Consulting Engineers have reviewed the bids; and WHEREAS, Haddock Enterprises, LLC was the lowest bidder for the Holts Pond Road Sewer Extension Project bid, in the total amount of $93,110.00, and WHEREAS, the consulting Engineers recommend TENTATIVE AWARD to the lowest bidder(s). NOW, THERE FORE, BE IT RESOLVED that TENTATIVE AWARD is made to the lowest bidder(s) in the Total Bid Amount of $93,110.00. Name of Contractor Amount 1. Haddock Enterprises, LLC $93,110.00 2. 3. BE IT FURTHER RESOLVED that such TENTATIVE AWARD be contingent upon the approval ofthe North Carolina Department of Environmental Quality. Upon motion of seconded by the above RESOLUTION was unanimously adopted. This is the 7th day of April, 2025. Stacy Johnson, Mayor (Seal) Attest: April Williamson, Town Clerk 4Eil Resolution(s) by Governing Body to be Included in Applications for Funding Offered by the NC DEQ Division of Water Infrastructure (Last updated: February 2025) As part of the application for funding, you are required to submit resolutions that must be approved by your governing board at the time of application. Depending on your situation and number and types of applications you are submitting, you may need to submit multiple resolutions, or you can combine your required resolutions into one that lists all ofthe applications and covers all of the relevant clauses. Please see the table below to determine which resolution(s) you need to complete, depending on the type of project/funding application you are submitting. Type of Project/Funding Application Type Resolution to Complete Drinking water construction (not CDBG-1) Project Resolution Wastewater construction (not CDBG-1) Emerging contaminants valuation/asessment study Lead Service Line identification and/or replacement CWSRF Green Project Project Resolution and Form for Certification or Attestation by the Recording Officer Required for Applications for Funding for: Drinking water construction Wastewater construction Emerging contaminants evaluation/assessment study Lead Service Line identification and/or replacement CWSRF Green Project Applications for projects with complete and eligible applications for the Fall 2024 round may resubmit the resolution from the Fall application to meet the Spring 2025 requirements. Requirements At a minimum, the resolution must include all of the following: Project Name(s): Put project name(s) as shown in application. All Authorized Representatives must be individually named at least by title but preferably by name in the resolution. DO NOT use the name of the local government unit itself. Either: Form for Certification by the Recording Officer (on the second page) completed and attached to the resolution as shown in the template below; OR An attestation by the Clerk/Recording Officer that the resolution has been adopted. Note: Certification by the Recording Officer or the attestation must contain the seal and date the of the Certification by the Recording Officer or the attestation. * * * The Resolution and the Form for Certification or Attestation by the Recording Officer MUST be included in the Application Package *** The following is a suggested format for the project resolution. Fill out the yellow-highlighted areas with appropriate text. If submitting one resolution for multiple applications, be sure to include the project names of all applications and list all of the Authorized Representatives in the resolution. : RESOLUTION BY GOVERNING BODY OF APPLICANT WHEREAS, The Town of Princeton has need for and intends to construct, plan for, or conduct a study in a project described as Collection System Repairs to repair known issues with the collection system contributing to inflow and infiltration as well as sewage backups, and WHEREAS, The Town of Princeton intends to request State loan and/or grant assistance for the project, NOW THEREFORE BE IT RESOLVED, BY THE BOARD OF COMMISSIONERS OF THE TOWN OF PRINCETON: That the Town of Princeton, the Applicant, will arrange financing for all remaining costs of the project, if approved for a State loan and/or grant award. That the Applicant will provide for efficient operation and maintenance of the project on completion of construction thereof. That the Applicant will adopt and place into effect on or before completion oft the project a schedule of fees and charges and other available funds which will provide adequate funds for proper operation, maintenance, and administration of the system and the repayment of all principal and interest on the debt. That the governing body of the Applicant agrees to include in the loan agreement a provision authorizing the State Treasurer, upon failure of the Town of Princeton to make a scheduled repayment of the loan, to withhold from the Town of Princeton any State funds that would otherwise be distributed to the local government unit in an amount sufficient to pay all sums then due and payable to the State as a repayment of the loan. That Bess Patton, Town Clerk and Finance Officer, the Authorized Representative and successors sO titled, is hereby authorized to execute and file an application on behalf of the Applicant with the State of North Carolina for a loan and/or grant to aid in the study of or construction of the project described above. That the Authorized Representative, and successors sO titled, is hereby authorized and directed to furnish such information as the appropriate State agency may request in connection with such application or the project: to make the assurances as contained above; and to execute such other documents as may be required in connection with the application. That the Applicant has substantially complied or will substantially comply with all Federal, State, and local laws, rules, regulations, ordinances, and funding conditions applicable to the project and to Federal and State grants and loans pertaining thereto. Adopted this the 7th day of April 2025 at Princeton, North Carolina. Stacy Johnson, Mayor April Williamson, Town Clerk (SEAL) FORM FOR CERTIFICATION BY THE RECORDING OFFICER The undersigned duly qualified and acting Town Clerk of the Town of Princeton does hereby certify: That the above/attached resolution is a true and correct copy of the resolution authorizing the filing of an application with the State of North Carolina, as regularly adopted at a legally convened meeting of the Board of Commissioners duly held on the 7th day of April 2025; and, further, that such resolution has been fully recorded in the journal of proceedings and records in my office. IN WITNESS WHEREOF, - have hereunto set my hand this day of April 2025. April Williamson Town Clerk 4Elil Resolution(s) by Governing Body to be Included in Applications for Funding Offered by the NC DEQ Division of Water Infrastructure (Last updated: February 2025) As part oft the application for funding, you are required to submit resolutions that must be approved by your governing board at the time of application. Depending on your situation and number and types of applications you are submitting, you may need to submit multiple resolutions, or you can combine your required resolutions into one that lists all ofthe applications and covers all of the relevant clauses. Please see the table below to determine which resolution(s) you need to complete, depending on the type of project/funding application you are submitting. Type of Project/Funding Application Type Resolution to Complete Drinking water construction (not CDBG-1) Project Resolution Wastewater construction (not CDBG-1) Emerging contaminants evaluation/sessment study Lead Service Line identification and/or replacement CWSRF Green Project Project Resolution and Form for Certification or Attestation by the Recording Officer Required for Applications for Funding for: Drinking water construction Wastewater construction Emerging contaminants evaluation/assessment study Lead Service Line identification and/or replacement CWSRF Green Project Applications for projects with complete and eligible applications for the Fall 2024 round may resubmit the resolution from the Fall application to meet the Spring 2025 requirements. Requirements At a minimum, the resolution must include all of the following: Project Name(s): Put project name(s) as shown in application. All Authorized Representatives must be individually named at least by title but preferably by name in the resolution. DO NOT use the name oft the local government unit itself. Either: Form for Certification by the Recording Officer (on the second page) completed and attached to the resolution as shown in the template below; OR An attestation by the Clerk/Recording Officer that the resolution has been adopted. Note: Certification by the Recording Officer or the attestation must contain the seal and date the of the Certification by the Recording Officer or the attestation. *** The Resolution and the Form for Certification or Attestation by the Recording Officer MUST be included in the Application Package *** * The following is a suggested format for the project resolution. Fill out the yellow-highlighted areas with appropriate text. If submitting one resolution for multiple applications, be sure to include the project names of all applications and list all of the Authorized Representatives in the resolution. RESOLUTION BY GOVERNING BODY OF APPLICANT WHEREAS, The Town of Princeton has need for and intends to construct, plan for, or conduct a study in a project described as Water System Improvements to replace galvanized lines, improve fire flow, and add radio read meters, and WHEREAS, The Town of Princeton intends to request State loan and/or grant assistance for the project, NOW THEREFORE BE IT RESOLVED, BY THE BOARD OF COMMISSIONERS OF THE TOWN OF PRINCETON: That the Town of Princeton, the Applicant, will arrange financing for all remaining costs of the project, if approved for a State loan and/or grant award. That the Applicant will provide for efficient operation and maintenance of the project on completion of construction thereof. That the Applicant will adopt and place into effect on or before completion oft the project a schedule of fees and charges and other available funds which will provide adequate funds for proper operation, maintenance, and administration of the system and the repayment of all principal and interest on the debt. That the governing body of the Applicant agrees to include in the loan agreement a provision authorizing the State Treasurer, upon failure of the Town of Princeton to make a scheduled repayment of the loan, to withhold from the Town of Princeton any State funds that would otherwise be distributed to the local government unit in an amount sufficient to pay all sums then due and payable to the State as a repayment of the loan. That Bess Patton, Town Clerk and Finance Officer, the Authorized Representative and successors sO titled, is hereby authorized to execute and file an application on behalf of the Applicant with the State of North Carolina for a loan and/or grant to aid in the study of or construction of the project described above. That the Authorized Representative, and successors sO titled, is hereby authorized and directed to furnish such information as the appropriate State agency may request in connection with such application or the project: to make the assurances as contained above; and to execute such other documents as may be required in connection with the application. That the Applicant has substantially complied or will substantially comply with all Federal, State, and local laws, rules, regulations, ordinances, and funding conditions applicable to the project and to Federal and State grants and loans pertaining thereto. Adopted this the 7th day of April 2025 at Princeton, North Carolina. Stacy Johnson, Mayor April Williamson, Town Clerk (SEALI FORM FOR CERTIFICATION BY THE RECORDING OFFICER The undersigned duly qualified and acting Town Clerk of the Town of Princeton does hereby certify: That the above/attached resolution is a true and correct copy of the resolution authorizing the filing of an application with the State of North Carolina, as regularly adopted at a legally convened meeting of the Board of Commissioners duly held on the 7th day of April 2025; and, further, that such resolution has been fully recorded in the journal of proceedings and records in my office. IN WITNESS WHEREOF, have hereunto set my hand this day of April 2025. April Williamson Town Clerk FY24-25 Budget Update / E Board, I have included the BVA with notes. Revenues 10-329-0000 the town renewed MM's with Community Bank that went from .75% to 4.25% which has earner more interest. Also, the town opened a new MM with KS Bank that is earning interest. These were done after the start of the budget year started and were not in that original budget however, this is a good thing that we are earning money. 10-335-0000 Miscellaneous funds is where we opened two CD's for the town using library funds to earn money. The library has been paid their allocation but the town opened two CD's. One for $3,500 which earned $275.05 and one for $7,500 which earned $126.66 for the town. These funds of $3,500 and $7,500 go to the library, the town keeps the interest. 10-343-0000 Powell Bill paid out more than we expected to get by $1082.21. We keep these funds. 10-355-0000 Zoning Permits We are waiting for Pinecroft to apply for zoning permits in which they will pay the $800 per lot fee-n-lieu. This should be paid soon. 10-379-0900 Contract agreement with JCPS, payout received. Expenses (These are near or over 100% of their respective budget. Reason below) GF 10-420-3500 this is the 3% charge for the CC machine in which we get reimbursed our portion and to date have received $8,801.14, this should wash out. 10-420-4500 this is TRC on call charges for when they attend board meetings, sit visits etc. "on call". 10-420-4600 Consultant Services is Marla helping the town and as you can see we have not called on her much at all. We are trying to continue to reduce this. 10-420-5700 Miscellaneous is the Christmas party meal, Comm. Rose retirement party, new employee photos, name plates, Mayor meeting meals, Golden Key plaques, planning retreat meal and retreat. 10-510-1000 PD training for radar school and CIT training for officers. Requirement. 10-510-3200 batteries for the LED sign which was board approved. 10-510-3600 updated PD uniforms for staff, new raincoats for PD 10-510-5700 Two PD Radars to replaces old ones. 10-510-8100 & 10-510-8101 Tahoe Debt Service Payment 10-560-1701 Old Ranger, minor repairs and serving needed. 10-560-1702 Hydraulics went out and had to be repaired. 10-560-1704 Cylinders form back boom and bucket trucks went out, repaired. 10-560-4501 we hired Haddock to haul off a large pile of leaves and limbs where the hydraulics went out on the truck + tip fees. 10-560-5401 two claims this year. 10-560-5700 Powell Bill will cover this. 10-560-7400 Purchase PL truck and move funds to Capital Outlay for future project or expense. 10-560-8100 & 10-560-8101 Street Paving loan and interest. Powell Bill will offset. 10-570-8100 Street Paving debt, Powell Bill will offset. 10-610-1150, 10-610-1300, 10-610-1500 due to the library being housed in the CB. More expenses however, this will be separate in FY25-26 as the library will handle all expenses. Replaced toilets leaking, water leak inside, replaced all light bulbs. 10-620-1500 bathroom broken into twice, plumbing damages, graffiti, repainted, misc repairs. 10-999-0000 this will cover line 10-560-7400 W&S FUND 30-720-1000 Buddy obtained two certifications, David and Wesley have started classes, Wesley has taken one exam. 30-720-1704 See GF 10 for expense (10-560-1704) Split departments. 30-720-1710 jeter had to be rebuilt, major unexpected expense. 30-720-3200 billing services increase 30-720-5700 NC 811 locates throughout the town several times for water and sewer repairs, town hall yard sprayed 30-820-1500 annual septic tank pumping of Eagle's Crest per the town agreement, lift station motor died on Edwards St, had to rend a generator for repairs, replace motor. 30-822-1300 electrical increase at plant, installed more lighting per permit requirement 30-822-1500 main line at the plant broke, had to be located, dug up, and replaced. Clogged main line at the plant from the hurricane, had to be repaired. Major unexpected expense. 30-822-5300 permit increase 30-828-1500 MANY water and sewer breaks, leaks throughout the town, repairing, servicing, tearing up roads, repaving roads. Many concerns that had to be repaired. Budget Meeting 4-7-2025 Budget VS Actual FY24-25 Budget Update Town of Princeton 3/19/2025 2:32:19 PM Page 1 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent Revenues 10-301-1900 2019 Property Taxes 0 236.86 236.86 10-301-2020 2020 Ad Valorem Property 235.48 235.48 Tax 10-301-2100 2021 AD VALOREM TAX 295.24 295.24 10-301-2200 2022 TAXES U 256.51 256.51 10-301-2300 AD. VAL. TAX 654,585 4,065.26 (650,519.74) 1% 10-301-2400 2024 AD VALOREM TAX 0 638,390.26 638,390.26 10-303-0000 VEHICLE TAX 85,967 50,690.60 (35,276.40) 59% 10-314-0000 ANIMAL TAX - DOG TAGS 2 0.00 (2.00) 10-315-0000 VEHICLE TAG FEE 28,350 18,659.63 (9,690.37) 66% 10-317-0000 TAX PENALTIES & 2,000 876.59 (1,123.41) 44% INTEREST 10-329- 0000 Renewed Comm. Bank MM's to a better rate. Opened new. MM with KS Bank on 1.5M. Earned 10-329-0000 INTEREST more interest. 100 2,077.49 1,977.49 2077% 10-335-0000 MISCELLANEOUS 1,000 10,446.45 9,446.45 1045% 10-335-0100 CASH OVER/SHOR 1 10-335-0000 Closed out2library CD's. $3,775.05 & $7,626.66. Thetown portion of the allocation to the library A 2 CD's to earn money then pay the libra34.31 34.31 0 22,733.00 22,733.00 10-335-0500 FUNDS FROM SALE OF 414 S CENTER 77,033 41,782.87 (35,250.13) 54% 10-337-0000 UTILITY FRANCHISE TAX 4,662 2,538.09 (2,123.91) 54% 10-338-0000 TELECOMMUNICATION TAX 774 373.77 (400.23) 48% 10-339-0000 VIDEO PROGRAMMING DISTRIBUTION 1,117 830.62 (286.38) 74% 10-340-0000 SOLID WASTE DISP TAX 7,092 0.00 (7,092.00) 10-341-0000 BEER &WINE TAX 53,562 54,644.21 1,082.21 102% 10-343-0000 POWELL BILL 343-0000 Received more fundsi in FY24-25 ALLOCATION 296,431 205,101.88 (91,329.12) 69% 10-345-0000 LOCAL GOVERNMENT SALES TAX 5,500 2,588.58 (2,911.42) 47% 10-347-0000 ABC BOARD - LOCAL 50 54.00 4.00 108% 10-351-0000 FACILITY & OFFICERS FEES 30 0.00 (30.00) 10-352-0000 PARKING VIOLATION PENALTIES 10,000 6,650.00 (3,350.00) 67% 10-355-0000 ZONING PERMITS 800.00 (39,200.00) 2% 0-355-0200 Waiting on! 40,999.. apply 10-355-0200 FEE IN LIEU 226,233 169,260.16 (56,972.84) 75% 10-359-0100 GARBAGE COLLECTION FEES 0 60.00 60.00 10-359-0200 EXTRA TRASH 5,000 1,755.00 (3,245.00) 35% 10-361-0000 COMMUNITY BUILDING RENT 0 476.35 476.35 10-368-0100 INSURANCE REIMBURSEMENT 550 0.00 (550.00) 10-369-0100 MOWING LOTS 675 507.00 (168.00) 75% 10-369-0200 COPIES & POLICE REPORTS Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 2 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-375-1000 OFFSITE PAYMENT FEES 10-379-0900 ReceiPar funds from JC: 3/19/2025 9,056.84 9,056.84 10-379-0900 SRO REIMBURSEMENT 128,000 0.00 (128,000.00) 10-381-0000 COMMUNITY DAY 3,000 0.00 (3,000.00) SPONSORSHIPS 10-399-0100 FUND BAL APPROP G/F 61,779 0.00 (61,779.00) Revenues Totals: 1,693,492 0.00 1,245,477.05 (448,014.95) 74% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 3 Of26 Period Ending 6/30/2025 10 GENERAL FUND Déscription Budget YTD Variançe Percent Expenses 10-410-0100 MAYOR & 5,604 4,995.00 609.00 89% COMMISSIONERS FEE 10-410-0500 PAYROLL TAXES 430 341.07 88.93 79% 10-410-5401 INSURANCE-WORKER 6 6.00 0.00 100% COMP GOVERNING BODY Totals: 6,040 0.00 5,342.07 697.93 88% Budget VS Actual Reminder: Town of Princeton Admin and Public Woks Salarieseresplitby. departments and shows. They willbalanceoutast they 3/19/2025 2:32:19 PM shoulda lat the end lofeachFY.) Page 4 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-420-0100 SALARY-TOWN 61,687 0.00 61,687.00 ADMINISTRATOR 75/25 10-420-0101 SALARY - TOWN 45,337.99 (45,337.99) ADMINISTRATOR 75/25 10-420-0102 SALARY CLERK 50/50 19,830.07 (19,830.07) 10-420-0200 SALARY - TOWN CLERK 26,767 0.00 26,767.00 50/50 10-420-0250 SALARY - ASST. TOWN 8,320 6,008.74 2,311.26 72% CLERK 50/50 10-420-0300 LEGAL AUDIT 21,475 16,600.00 4,875.00 77% 10-420-0400 ATTORNEY'S FEE 13,500 12,917.42 582.58 96% 10-420-0450 ANNEXATION EXPENSES 100 78.00 22.00 78% 10-420-0500 PAYROLL TAXES 7,403 5,445.19 1,957.81 74% 10-420-0600 GROUP INSURANCE 11,210 8,725.55 2,484.45 78% 10-420-0800 NCLGERS RETIREMENT 13,161 9,680.09 3,480.91 74% 10-420-0900 NEW EMPLOYEE 300 0.00 300.00 SCREENING 10-420-0950 NEW EMPLOYEE 100 101.73 (1.73) 102% OUTFITTING 10-420-1000 EDUCATION TRAINING 2,000 365.00 1,635.00 18% AND TRAVEL (ADMIN STAFF) 10-420-1100 TELEPHONE & FAX 4,500 1,225.85 3,274.15 27% 10-420-1110 MASS NOTIFACTION 1,300 1,364.48 (64.48) 105% SERVICE 10-420-1150 INTERNET SERVICES 1,200 997.58 202.42 83% 10-420-1200 IT SERVICES 4,200 2,212.90 1,987.10 53% 10-420-1300 ELECTRICITY - TOWN 10,000 8,980.65 1,019.35 90% HALL 10-420-1500 SOFTWARE CONTRACT 4,439 4,439.00 0.00 100% 10-420-1600 MAINTENANCE & REPAIR 8,200 8,164.94 35.06 100% - BUILDIN 10-420-2100 COPIER CONTRACT 3,305 1,475.72 1,829.28 45% 10-420-2101 CELL PHONE EXPENSES 660 646.49 13.51 98% 10-420-2600 LEGAL ADVERTISING 400 176.70 223.30 44% 10-420-3200 OFFICE SUPPLIES 5,000 3,209.14 1,790.86 64% POSTAGE 10-420-3500 CHECKING SERVICE 10,000 137% 10-420-3500 3% cc fee in which we have collected our portion wh(3.716.19) CHARGE 13.716.1280114 be: applied to this line. 10-420-4500 CONTRACTED SERVICES 10-420-45001 TR3509 Site visits, meetings. THis is NOT 6,383.16-lov (2,883.16) 182% 10-420-4600 CONSULTANT SERVICES 10,000 3,000.00 7,000.00 30% 10-420-4600 Marl town as needed. We have cut her way back 10-420-5000 EQPT. PURCHASES 1,500 0.00 1,500.00 10-420-5300 DUES AND 4,700 4,091.02 608.98 87% MEMBERSHIPS 10-420-5400 INSURANCE PROP & LIAB 49,035 49,918.37 (883.37) 102% 10-420-5401 INSURANCE WORKERS 74 74.00 0.00 100% COMP Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 5 Of26 Period Ending 6/30/2025 10 GENERAL FUND 10-420-5700 Mayor monthly meeting meal, Chrismas party, new employee photos/plaques, Golden Key Plaque, Mike Rose lychgon/plaque, planning retreat, dinner Description Budget YTD Variance Percent 10-420-5700 MISCELLANEOUS 1,500 4,272.43 (2,772.43) 285% 10-420-7400 CAPITAL OUTLAY 703.04 (703.04) 10-420-8100 DEBT SERVICES 30,000 30,000.00 0.00 100% 10-420-8101 DEBT SERVICE INTEREST 5,856 5,856.01 (0.01) 100% ADMINISTRATION Totals: 325,392 0.00 275,997.45 49,394.55 85% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 6 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-460-0100 COLLECTION FEE-AD 15,005 12,386.15 2,618.85 83% VALOREM-JO CO 10-460-0300 COLLECTION 3,360 1,611.81 1,748.19 48% FEE-VEHICLE-NC DMV TAX COLLECTIONS Totals: 18,365 0.00 13,997.96 4,367.04 76% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 7 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-490-0200 SALARIES (PART-TIME) 14,998 11,452.23 3,545.77 76% 10-490-0500 PAYROLL TAX 1,147 876.10 270.90 76% 10-490-5401 WORKERS COMP 339 38.53 300.47 11% PLANNING & ZONING Totals: 16,484 0.00 12,366.86 4,117.14 75% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 8 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-510-0201 SALARIES PD - CHIEF 72,493 51,285.56 21,207.44 71% 10-510-0202 SALARIES PD - MAJOR 67,326 49,668.42 17,657.58 74% 10-510-0203 SALARIES PD - SGT. 52,007 37,710.70 14,296.30 73% 10-510-0204 SALARIES PD - OFFICER II 56,378 39,881.57 16,496.43 71% 10-510-0205 SALARIES PD - OFFICER 1 49,708 37,183.97 12,524.03 75% 10-510-0206 SALARIES PD - SRO 106,385 68,837.86 37,547.14 65% REIMBURSABLE) 10-510-0207 SALARIES PD- 19,103 13,959.49 5,143.51 73% RETIREMENTISEPARATION 10-510-0500 PAYROLL TAXES 32,394 22,837.50 9,556.50 70% 10-510-0501 PREVIOUS YEAR P/R TAX 1,000 892.84 107.16 89% 10-510-0600 GROUP INSURANCE 54,117 34,375.94 19,741.06 64% 10-510-0700 401-K RETIREMENT 20,217 12,586.10 7,630.90 62% 10-510-0800 NCLGERS RETIREMENT 60,814 42,799.01 18,014.99 70% 10-510-0900 PRE-EMPLOYMENT 500 0.00 500.00 10-510-0950 NEW EMPLOYEE 500 0.00 500.00 OUTFITTING 10-510-1000 TRAINING 10-510-1000 PD Radar, CIT for offics,o0o 4,179.53 (1,179.53) 139% 10-510-1100 TELEPHONE 1,000 382.28 617.72 38% 10-510-1150 INTERNETIÇABLE TV 1,200 867.60 332.40 72% 10-510-1200 COMMUNICATIONS 4,500 4,270.79 229.21 95% 10-510-1700 VEHICLE UPKEEP 14,000 13,592.90 407.10 97% 10-510-1800 FUEL-PD 17,000 16,202.35 797.65 95% 10-510-2100 COPIER EXPENSE 2,200 1,475.79 724.21 67% 10-510-2101 CELL PHONE EXPENSE 2,750 2,810.87 (60.87) 102% 10-510-2200 SOFTWARE CONTRACT 2,949 3,415.74 (466.74) 116% 10-510-3200 SUPPLIES 10-510-3200 batteries for poertably5Boign 2,164.61 (664.61) 144% 10-510-3400 DRUG ENFORCEMENT 1,200 299.00 901.00 25% 10-510-3600 PD updated old uniforms, raincoats 10-510-3600 UNIFORMS Pe2,8B8 2,781.65 (781.65) 139% 10-510-5401 INSURANCE WORK COMP, 5,164.56 1,636.44 76% 10-510-5700 21 6801.n which we need 10-510-5700 MISCELLANEOUS 1,000 3,129.83 (2,129.83) 313% 10-510-7400 CAPITAL OUTLAY 10,858.61 (10,858.61) 10-510-8100 DEBT SERVICE 10-510-8100 Tahoe 12,046 12,133.85 (87.85) 101% 10-510-8101 DEBT SERVICE 10-510-8101 Tahoe 2,065 2,366.15 (301.15) 115% POLICE DEPTTotals: 668,153 0.00 498,115.07 170,037.93 75% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 9 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-530-0100 FIRE TAX 147,252 109,739.49 37,512.51 75% 10-530-0200 SALARY PART-TIME FIRE 0 21,472.00 (21,472.00) 10-530-0500 PAYROLL TAXES 0 1,642.67 (1,642.67) 10-530-5401 INSURANCE WORK U 1,913.43 (1,913.43) COMP FIRE & RESCUE Totals: 147,252 0.00 134,767.59 12,484.41 92% Budget VS Actual Reminder Admin and Public Woks Salariesweresplitl by departments and shows. They willl balanceout: as they Town of Princeton should at the end of each FY. 3/19/2025 2:32:19 PM Page 10 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-560-0200 SALARIES - PW 10,166 14,726.71 (4,560.71) 145% SUPERVISOR 50/50 10-560-0201 SALARIES - PW ASST 6,127 4,047.50 2,079.50 66% SUPER 50/50 10-560-0203 SALARIES - MAINT. TECH. 85,353 51,982.10 33,370.90 61% I 75/25 10-560-0204 SALARIES MAINT. TECH. 27,095 10,116.90 16,978.10 37% 1 75/25 10-560-0500 PAYROLL TAXES 9,848 6,186.92 3,661.08 63% 10-560-0600 GROUP INSURANCE 23,193 16,108.35 7,084.65 69% 10-560-0800 NCLGERS RETIREMENT 17,508 10,998.58 6,509.42 63% 10-560-1300 STREET LIGHTS 33,000 20,981.92 12,018.08 64% 10-560-1701 Ranger, old, an repairs 10-560-1701 PICKUP UPKEEP 2,762.49 (262.49) 110% 10- 560-1 1702 1y422.500 vet out, major repair 10-560-1702 GARBAGE TRK UPKEEP 12,000 17,696.38 (5,696.38) 147% 10-560-1703 DUMP TRUCK UPKEEP 4,000 944.11 3,055.89 24% 10-560-1704 BACKHOE UPKEEP 10-560- 1704 Glina-5p9 back boom and bucket truck went 0.130,68 (2,630.68) 275% 10-560-1705 TRACTOR & BUSHHOG 150 315.50 (165.50) 210% UPKEEP 10-560-1706 LAWNMOWER & 1,000 916.80 83.20 92% WEEDEATER UPKEEP 10-560-1707 LEAF VACUUM UPKEEP 350 33.92 316.08 10% 10-560-1709 CHAINSAW UPKEEP 100 0.00 100.00 10-560-1825 FUEL PICKUP 5,000 4,190.79 809.21 84% 10-560-1850 FUEL - GARGAGE 15,000 5,278.43 9,721.57 35% 10-560-1875 FUEL- DUMP 3,000 345.20 2,654.80 12% 10-560-1900 FUEL - BACKHOE 250 278.72 (28.72) 111% 10-560-1925 FUEL - MISC. 1,500 405.26 1,094.74 27% 10-560-2101 CELL PHONE EXPENSE 3,800 2,051.84 1,748.16 54% 10-560-2102 COPIER CONTRACT 400 0.00 400.00 10-560-2200 LANDFILL FEES 32,550 24,371.66 8,178.34 75% 10-560-3200 SUPPLIES & TOOLS 6,500 6,587.39 (87.39) 101% 10-560-3500 CLOTHING 5,000 4,020.55 979.45 80% 10-560-4200 STREET REPAIRS & 8,000 2,204.14 5,795.86 28% MATERIALS 10-560-4501 Had to contract to haul off limbs and leaves due to hydraulics on truck being 10-560-4501 LEAVES & LIMBS out + tip fees normally chayobo 8,079.71 (4,079.71) 202% 10-560-5100 TRASH CANS/RECYCLE 4,000 3,740.88 259.12 94% BINS REPLACEMENT 10-560-5200 REGULATORY SIGNS 600 386.27 213.73 64% 10-560-5401 NSURANCE WORK COMP 10.560.519,752 C Claims 7,653.72 (1,901.72) 133% 10-560-5700 STREETS MANTENANCE.assw. PoMSpA will cover 2,292.62 (1,792.62) 459% 10-560-7400 CAPITAL 0 10,000.00 (10,000.00) OUTLAYIEQUIPMENT 10-560-7400 Purchase PL Truck $5k, $5k to capital outlay 10-560-8100 Streetpaving Joan, Powell Bill will offset 10-560-8100 DEBT SERVICE 26,641 42,688.69 (16,047.69) 160% 10-560-8101 DEBT SERVICE INTEREST 10-560-81015 25,322uingi interest, PowellBill wwill offset 11,337.61 13,984.39 45% STREET & SANITATION Totals: 381,705 0.00 297,862.34 83,842.66 78% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 11 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-570-0400 ENGINEERING SERVICES 1,000 0.00 1,000.00 10-570-4200 STREET REPAIRS & 10,000 800.00 9,200.00 8% MATERIALS 10-570-4500 CONTRACTED SERVICES 12,734 0.00 12,734.00 10-570-8100 DEBT SERVICE 7,729 14,467.65 (6,738.65) 187% PRINCIPAL 10-570-8100 Street paving loan, Powell Bill will offset 10-570-8101 DEBT SERVICE INTEREST 22,099 4,996.20 17,102.80 23% POWELL BILL Totals: 53,562 0.00 20,263.85 33,298.15 38% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 12 Of 26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-610-1150 CB INTERNET 10-610-1150 Due tol ibraro 129.98 (129.98) 10-610-1300 CB ELECTRICITY 10-610-1 -1300 Due to ?.7p0 3,113.52 (413.52) 115% 10-610-1500 CB UPKEEP 10-610-1500 Replal.5PPnis toilet broke, water. leak 4,336.48 (2,836.48) 289% 10-610-3200 COMMUNITY BUILDING 200 62.44 137.56 31% SUPPLIES Totals: 4,400 0.00 7,642.42 (3,242.42) 174% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 13 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-620-1150 INTERNET SERVICE FOR 1,700 779.88 920.12 46% PARK SECURITY 10-620-1300 ELECTRICITY PARK 1,500 1,070.44 429.56 71% 10-620-1500 PARK MAINTENANCE 10-620-1500 bathregoorokei into twice; damages toj plumbnii7186 other 344% repairs parx1,218.10) 10-620-3200 SUPPLIES AND TOOLS 500 93.42 406.58 19% 10-620-5700 MISCELLANEOUS 500 0.00 500.00 10-620-7400 CAPITAL OUTLAY-PARK 33,300 0.00 33,300.00 RAY M FLOORS COMM Totals: 38,000 0.00 3,661.84 34,338.16 10% PARK Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 14 Of 26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-690-9400 WOMEN'S IMPROVEMENT 500 500.00 0.00 100% CLUB 10-690-9500 LIBRARY 15,000 7,500.00 7,500.00 50% 10-690-9900 COMMUNITY DAY 1,500 1,250.00 250.00 83% CELEBRATION SPECIAL APPROPRIATIONS Totals: 17,000 0.00 9,250.00 7,750.00 54% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 15 Of26 Period Ending 6/30/2025 10 GENERAL FUND Description Budget YTD Variance Percent 10-999-0000 CONTINGENCY TU999-VOUUNMIOVE, 19,739" Outlay (5,000.00) 22,139.00 -29% CONTINGENCY Totals: 17,139 0.00 (5,000.00) 22,139.00 -29% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 16 Of26 Period Ending 6/30/2025 Expenses Totals: 1,693,492 0.00 1,274,267.45 419,224.55 75% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 17 Of26 Period Ending 6/30/2025 10 GENERAL FUND Totals: (28,790.40) Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 18 Of26 Period Ending 6/30/2025 30 WATER AND SEWER FUND Description Budget YTD Variance Percent Revenues 30-329-0000 INTEREST 3,000 4,763.04 1,763.04 159% 30-335-0000 MISCELLANEOUS 200 0.00 (200.00) 30-371-0000 WATERISEWER FEES 878,612 722,108.76 (156,503.24) 82% 30-371-9900 BAD DEBT RECOVERY 500 0.00 (500.00) 30-372-0100 WATER CAPACITY FEES 56,000 14,270.00 (41,730.00) 25% 30-372-0150 WATER INSPECTION FEE 150.00 150.00 30-372-0200 SEWER CAPACITY FEES 30,000 18,600.00 (11,400.00) 62% 30-372-0250 SEWER INSPECTION FEE 150.00 150.00 30-373-0100 WATER TAPS 8,000 9,500.00 1,500.00 119% 30-373-0200 SEWER TAPS 2,500.00 2,500.00 30-373-0300 NON REFUNDABLE CUT 3,000 2,308.39 (691.61) 77% ON FEE 30-374-0000 BACKFLOW TESTING 5,000 5,158.58 158.58 103% 30-375-0000 SERVICE CHARGES 22,000 23,345.47 1,345.47 106% Revenues Totals: 1,006,312 0.00 802,854.24 (203,457.76) 80% Budget VS Actual Reminder: Salaries ares splitbetveend departments: andwilll balanceout.) Town of Princeton 3/19/2025 2:32:19 PM Page 19 Of2 26 Period Ending 6/30/2025 30 WATER AND SEWER FUND Description Budget YTD Variance Percent Expenses 30-720-0000 ADMINISTRATION 20,562 4.50 20,557.50 0% 30-720-0100 SALARIES - BILLING 33,280 0.00 33,280.00 CLERK 30-720-0101 SALARY - TOWN 15,112.66 (15,112.66) ADMINISTRATOR 75/25 30-720-0102 SALARY - CLERK 50/50 J 19,830.06 (19,830.06) 30-720-0200 SALARIES - MAINT. 57,606 34,851.96 22,754.04 61% SUPERVISOR 50/50 30-720-0201 SALARIES - MAINT ASST. 55,142 36,427.00 18,715.00 66% SUPER 50/50 30-720-0203 SALARIES - MAINT TECH II 39,673 24,293.40 15,379.60 61% 75/25 30-720-0204 SALARIES - MAINT. TECH. 11,612 23,606.10 (11,994.10) 203% I 75/25 30-720-0250 SALARY - ASST CLERK 24,034.56 (24,034.56) 20/80 30-720-0301 ORC PART TIME 19,024 13,455.20 5,568.80 71% 30-720-0400 ENGINEERING SERVICES 7,500 1,650.00 5,850.00 22% 30-720-0500 PAYROLL TAXES 20,170 14,658.27 5,511.73 73% 30-720-0600 GROUP INSURANCE 35,176 24,020.24 11,155.76 68% 30-720-0800 NCLGERS RETIREMENT 33,271 24,229.46 9,041.54 73% 30-720-0900 PRE EMPLOYMENT 200 45.00 155.00 23% SCREENING 30-720-1000 Buddy obtained 2 certifications, David, Wesley started classes as well 30-720-1000 EDUCATION 1,890 2,255.79 (365.79) 119% 30-720-1701 PICKUP UPKEEP 2,600 2,804.32 (204.32) 108% 30-720-1703 DUMP TRUCK UPKEEP 4,000 920.36 3,079.64 23% 30-720-1 1704 See expense 30-720-1704 BACKHOE UPKEEP ,508 4,154.39 (2,654.39) 277% 30-720-1705 TRACTOR & BUSHHOG 500 315.49 184.51 63% UPKEEP 30-720-1706 LAWN MOWER & WEED 1,200 916.80 283.20 76% EATER UPKEEP 30-720-1710 Unexpectly the Jeter died. Jeter had to be completed rebuilt and ita a MUST 30-720-1710 SEWER JETTER UPKEEP for the town. 500 5,897.91 (5,397.91) 1180% 30-720-1825 FUEL - PICKUP 5,000 4,190.77 809.23 84% 30-720-1875 FUEL-DUMP 2,600 345.21 2,254.79 13% 30-720-1900 FUEL - BACKHOE 200 278.73 (78.73) 139% 30-720-1925 FUEL-MISC. 500 135.08 364.92 27% 30-720-2101 CELLPHONE EXPENSE 3,800 3,486.61 313.39 92% 30-720-2102 COPIER CONTRACT 250 0.00 250.00 30-720-3200 SUPPLIES - WATER 6,000 6,452.69 (452.69) 108% BILLING 30-720-3200 Billing Service Increase 30-720-3500 CLOTHING 3,000 2,111.71 888.29 70% 30-720-3600 SAFETY AWARDS 500 0.00 500.00 30-720-5300 DUES & MEMBERSHIPS 800 395.00 405.00 49% 30-720-5401 INSURANCE WORK COMP 7,719 2,082.76 5,636.24 27% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 20 Of26 Period Ending 6/30/2025 30 WATER AND SEWER FUND Description Budget YTD Variance Percent 30-720-5700 MISCELLANEOUS 30-720-57001 NC811 Locate700n hall yard sprayed, 1,229.31 (529.31) 176% 30-720-9100 CAPITAL RESERVE 102,962 0.00 102,962.00 ADMINISTRATION Totals: 479,437 0.00 294,191.34 185,245.66 61% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 21 Of26 Period Ending 6/30/2025 30 WATER AND SEWER FUND Description Budget YTD Variance Percent 30-810-4800 COUNTY WATER 215,071 154,933.59 60,137.41 72% PURCHASED 30-810-5300 WATER PERMIT 1,100 1,050.00 50.00 95% WATER Totals: 216,171 0.00 155,983.59 60,187.41 72% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 22 Of 26 Period Ending 6/30/2025 30 WATER AND SEWER FUND Description Budget YTD Variance Percent 30-820-1100 TELEMETRY 2,200 1,438.22 761.78 65% 30-820-1300 ELECTRICITY - LIFT 8,100 6,014.17 2,085.83 74% STATIONS 0-820-1500 annual septis Bumping in Eagle's Crest per town agreen nent Edyrd St. lift ation r died,, had.tg rent a 30-820-1500 LIFT STATIONS UPKEEEator during the 0Bd-placen motor, service, install. Old 31,651.17 (23,651.17) 396% 30-820-5300 COLLECTIONS SYSTEM 1,200 0.00 1,200.00 PERMIT LIFT STATIONS Totals: 19,500 0.00 39,103.56 (19,603.56) 201% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 23 Of26 Period Ending 6/30/2025 30 WATER AND SEWER FUND Description Budget YTD Variance Percent 30-822-1100 TELEMETRY 400 205.41 194.59 51% 30-822-1300 ELECTRICITY - SEWER Electrical 22,567.38 (567.38) 103% 22,0090s -822-1300 Rate Increase PLANT 30-822-1350 DECHLOR WATER METER 200 0.00 200.00 30-822-1500 SEWER PLANT UPKEEP 25,000 52,524.38 (27,524.38) 210% 30-822-5300 WASTEWATER PERMIT 1,200 30-822-5300 Permit Increase 1,650.00 (450.00) 138% 30-822-7400 CAPITAL OUTLAY 6,000 1,280.99 4,719.01 21% 30-822-8100 DEBT SERVICE & 36,644 14,369.42 22,274.58 39% INTEREST 30-822-8101 DEBT SERVICE INTEREST 40,550 26,650.58 13,899.42 66% 30-822-8199 USDA REQUIRED 1,210 0.00 1,210.00 RESERVES WW TREATMENT PLANT Totals: 133,204 0.00 119,248.16 13,955.84 90% 30-822-1500 Main line: at the WWTPI broke, had to be located, dug up, replaced. Clogged main line at the WWTP due to Hurricae, major unexpected repairs. Chrlorine test quit working, was 15+ years old, had to replace. Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 24 Of 26 Period Ending 6/30/2025 30 WATER AND SEWER FUND 30-828-1500 MANY water leaks, MANY sewer leaks throughout the town, having to tear up roads, repave after repairs. Description Budget YTD Variance Percent 30-828-1500 WATER & SEWER UPKEEP 30,000 58,699.23 (28,699.23) 196% 30-828-4200 CHEMICAL EXPENSES 6,500 1,700.00 4,800.00 26% 30-828-4300 LAB FEES 30,000 15,638.00 14,362.00 52% 30-828-4400 BACKFLOW TESTING 5,500 5,075.00 425.00 92% 30-828-9100 CAPITAL RESERVE 56,000 0.00 56,000.00 30-828-9200 CAPITAL 30,000 0.00 30,000.00 RESERVE-SEWER WATER & SEWER UPKEEP Totals: 158,000 0.00 81,112.23 76,887.77 51% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 25 Of26 Period Ending 6/30/2025 Expenses Totals: 1,006,312 0.00 689,638.88 316,673.12 69% Budget VS Actual Town of Princeton 3/19/2025 2:32:19 PM Page 26 Of 26 Period Ending 6/30/2025 All banking reconciliations: are up to date. 30 WATER AND SEWER Totals: 113,215.36 FUND PAGE 1 FY25-26 Proposed Budget Budget FY24-25 Budget FY25-26 REVENUES 10-301-1900 2019 Property Taxes 0 10-301-2100 2021 AD VALOREM TAX 0 10-301-2300 AD. VAL. TAX 654,585 10-301-2400 2024 AD VALOREM TAX 0 10-303-0000 VEHICLE TAX 85,967 10-314-0000 ANIMAL TAX- DOG TAGS 2 10-315-0000 VEHICLE TAG FEE 28,350 25350 1045 2024 10-317-0000 TAX PENALTIES & 2,000 INTEREST 10-329-0000 INTEREST 100 10-335-0000 MISCELLANEOUS 1,000 10-335-0100 CASH OVER/SHORT 0 10-337-0000 UTILITY FRANCHISE TAX 77,033 10-338-0000 TELECOMMUNICATION 4,662 TAX 10-339-0000 VIDEO PROGRAMMING 774 DISTRIBUTION 10-340-0000 SOLID WASTE DISP TAX 1,117 10-341-0000 BEER & WINE TAX 7,092 10-343-0000 POWELL BILL 53,562 ALLOCATION 10-345-0000 LOCAL GOVERNMENT 296,431 SALESTAX 10-347-0000 ABC BOARD- LOCAL 5,500 10-351-0000 FACILITY & OFFICERS 50 FEES 10-352-0000 PARKING VIOLATION 30 PENALTIES 10-355-0000 ZONING PERMITS 10,000 10-355-0200 FEE INLIEU 40,000 10-359-0100 GARBAGE COLLECTION 226,233 FEES 10-361-0000 COMMUNITY BUILDING 5,000 RENT 10-368-0100 INSURANCE C REIMBURSEMENT 10-369-0100 MOWING LOTS 550 10-369-0200 COPIES & POLICE 675 REPORTS 10-375-1000 OFFSITE PAYMENT FEES 10-379-0900 SRO REIMBURSEMENT 128,000 10-381-0000 COMMUNITY DAY 3,000 SPONSORSHIPS 10-399-0100 FUND BAL APPROP G/F 61,779 1,693,492 10-410-0100 MAYOR & 5,604 6804 135 1620 COMMISSIONERS FEE 108 5184 10-410-0500 PAYROLL TAXES 430 430 6804 10-410-5401 INSURANCE-WORKER 6 6 COMP 6,040 ADMINISTRATION PAGE 2 All salaries show a 5% COLA pending board approval. 10-420-0100 SALARY-TOWN 61,687 ADMINISTRATOR 75/25 10-420-0101 SALARY TOWN 0 63814 ADMINISTRATOR 75/25 10-420-0102 SALARY CLERK 50/50 0 10-420-0200 SALARY TOWN CLERK 26,767 28108 50/50 Holland, G 22,361 10-420-0250 SALARY ASST. TOWN 8,320 8717 Michael 85085 CLERK2 20/80 April 56216 10-420-0300 LEGAL AUDIT 21,475 24500 Audit + 2 Single Liz 43549 10-420-0400 ATTORNEY'S FEE 13,500 Thompson 22866 10-420-0450 ANNEXATION EXPENSES 100 100 Buddy 64373 10-420-0500 PAYROLL TAXES 7,403 Wesley 41815 10-420-0600 GROUP INSURANCE 11,210 Brian 56076 10-420-0800 NCLGERS RETIREMENT 13,161 Chase 41815 10-420-0900 NEW EMPLOYEE 300 300 David $39,616 SCREENING Jarrett $39,616 10-420-0950 NEW EMPLOYEE 100 100 513,387 OUTFITTING 10-420-1000 EDUCATION TRAINING 2,000 5000 Chief 75380 AND TRAVEL (ADMIN STAFF) Major 70007 10-420-1100 TELEPHONE & FAX 4,500 Sgt 55848 10-420-1110 MASS NOTIFACTION 1,300 1500 Hayes 56947 SERVICE Yeamon 50915 10-420-1150 INTERNET SERVICES 1,200 1300 Hammiel 51694 10-420-1200 IT SERVICES 4,200 Stocks 58618 10-420-1300 ELECTRICITY-TOWN 10,000 10000 Retire 19103 HALL 438512 10-420-1500 SOFTWARE CONTRACT 4,439 4439 10-420-1600 MAINTENANCE & REPAIR 8,200 10000 Total 951,899 - BUILDIN 10-420-2100 COPIER CONTRACT 3,305 2500 10-420-2101 CELL PHONE EXPENSES 660 1018 10-420-2600 LEGAL ADVERTISING 400 400 10-420-3200 OFFICE SUPPLIES/ 5,000 5000 POSTAGE 10-420-3500 CHECKING SERVICE 10,000 10440 CHARGE 10-420-4500 CONTRACTED SERVICES 3,500 10000 10-420-4600 CONSULTANT SERVICES 10,000 10000 10-420-5000 EQPT. PURCHASES 1,500 1000 10-420-5300 DUES AND 4,700 4700 MEMBERSHIPS 10-420-5400 INSURANCE PROP & LIAB 49,035 10-420-5401 INSURANCE WORKERS 74 COMP 10-420-5700 MISCELLANEOUS 1,500 4000 10-420-7400 CAPITAL OUTLAY 0 1000 10-420-8100 DEBT SERVICES 30,000 30000 10-420-8101 DEBT SERVICE INTEREST 5,856 5857 325,392 10-460-0100 COLLECTION FEE-AD 15,005 TBD VALOREM-JO CO 10-460-0300 COLLECTION 3,360 TBD FEE-VEHICLE-NC DMV 18,365 10-490-0200 SALARIES (PART-TIME) 14,998 20000 10-490-0500 PAYROLL TAX 1,147 TBD 10-490-5401 WORKERS COMP 339 TBD 16,484 POLICE PAGE 3 10-510-0201 SALARIES PD : CHIEF 72,493 75380 10-510-0202 SALARIES PD MAJOR 67,326 70007 10-510-0203 SALARIES PD - SGT. 52,007 58618 TOTAL SALARIES 24-25 10-510-0204 SALARIES PD - OFFICER II 56,378 57303 418444 423,400 10-510-0205 SALARIES PD - OFFICER 1 49,708 51694 19103 10-510-0206 SALARIES PD - SRO 106,385 55669 105442 437547 (REIMBURSABLE 49773 10-510-0207 SALARIES PD- 19,103 19103 RETREMENTSEPAPATON 10-510-0500 PAYROLL TAXES 32,394 TBD 10-510-0501 PREVIOUS YEAR P/R TAX 1,000 TBD 10-510-0600 GROUP INSURANCE 54,117 TBD 10-510-0700 401-K RETIREMENT 20,217 TBD 10-510-0800 NCLGERS RETIREMENT 60,814 TBD 10-510-0900 PRE- EMPLOYMENT 500 500 10-510-0950 NEW EMPLOYEE 500 500 OUTFITTING 10-510-1000 TRAINING 3,000 3500 10-510-1100 TELEPHONE 1,000 571 10-510-1150 INTERNETICABLE TV 1,200 979 10-510-1200 COMMUNICATIONS 4,500 4500 10-510-1700 VEHICLE UPKEEP 14,000 See Chief 10-510-1800 FUEL-PD 17,000 See Chief 10-510-2100 COPIER EXPENSE 2,200 1415 10-510-2101 CELL PHONE EXPENSE 2,750 Carla 10-510-2200 SOFTWARE CONTRACT 2,949 5858 10-510-3200 SUPPLIES 1,500 2000 10-510-3400 DRUG ENFORCEMENT 1,200 1000 10-510-3600 UNIFORMS 2,000 1000 10-510-5401 INSURANCE WORK COMP 6,801 10-510-5700 MISCELLANEOUS 1,000 1500 10-510-7400 CAPITAL OUTLAY 0 TBD 10-510-8100 DEBT SERVICE 12,046 12046 10-510-8101 DEBT SERVICE 2,065 2454 668, 153 10-530-0100 FIRE TAX 147,252 TBD 10-530-0200 SALARY PART-TIME FIRE 0 TBD 10-530-0500 PAYROLL TAXES 0 TBD 10-530-5401 INSURANCE WORK 0 TBD COMP 147,252 PUBLIC WORKS PAGE 4 10-560-0200 SALARIES PW 10,166 32186 27824 SUPERVISOR 50/50 216 10-560-0201 SALARIES - PW ASST 6,127 28038 27608 SUPER 50/50 10-560-0202 SALARIES MT 3 - 25/75 MTI 25% 75% 10-560-0203 SALARIES - MT 2- 25/75 85,353 19809 DAVID 9903 29711 39614 10-560-0204 SALARIES MT 1- 25/75 27,095 20908 JARRETT 9903 29711 39614 19806 59422 10-560-0500 PAYROLL TAXES 9,848 TBD MT II 10-560-0600 GROUP INSURANCE 23,193 TBD WESLEY 10454 31361 41815 10-560-0800 NCLGERS RETIREMENT 17,508 TBD CHASE 10454 31361 41815 10-560-1300 STREET LIGHTS 33,000 31000 20908 62722 10-560-1701 PICKUP UPKEEP (RANGER, F150, 2500) 2,500 3000 MT III 10-560-1702 GARBAGE TRKI UPKEEP 12,000 See Buddy 10-560-1703 DUMP TRUCK UPKEEP 4,000 1618 10-560-1704 BACKHOE UPKEEP 1,500 See Buddy 10-560-1705 TRACTOR & BUSHHOG 150 See Buddy UPKEEP 56076 10-560-1706 LAWNMOWER & 1,000 1570 WEEDEATER UPKEEP 10-560-1707 LEAF VACUUM UPKEEP 350 See Buddy 10-560-1709 CHAINSAW UPKEEP 100 10-560-1825 FUEL - PICKUP 5,000 See Buddy 28038 10-560-1850 FUEL - GARGAGE 15,000 See Buddy 10-560-1875 FUEL- DUMP 3,000 See Buddy 10-560-1900 FUEL - BACKHOE 250 See Buddy 10-560-1925 FUEL - MISC. 1,500 See Buddy 10-560-2101 CELL PHONE EXPENSE 3,800 See Carla 10-560-2102 COPIER CONTRACT 400 10-560-2200 LANDFILL FEES 32,550 10-560-3200 SUPPLIES & TOOLS 6,500 See Buddy 10-560-3500 CLOTHING 5,000 See Buddy 10-560-4200 STREET REPAIRS & 8,000 See Buddy MATERIALS 10-560-4501 LEAVES & LIMBS 4,000 See Buddy 10-560-5100 TRASH CANSIRECYCLE 4,000 See Buddy BINS REPLACEMENT See Buddy 10-560-5200 REGULATORY SIGNS 600 See Buddy 10-560-5401 INSURANCE WORK COMP 5,752 TBD 10-560-5700 STREETS MAINTENANCE 500 See Buddy Powell Bill? 10-560-7400 CAPITAL 0 25000 OUTLAYEQUIPMENT 10-560-8100 DEBT SERVICE 26,641 See April 10-560-8101 DEBT SERVICE INTEREST 25,322 See April 381,705 10-570-0400 ENGINEERING SERVICES 1,000 1000 10-570-4200 STREET REPAIRS & 10,000 See Buddy MATERIALS 10-570-4500 CONTRACTED SERVICES 12,734 8000 10-570-8100 DEBT SERVICE 7,729 See April PRINCIPAL 10-570-8101 DEBT SERVICE INTEREST 22,099 See April 53,562 10-610-1150 CB INTERNET 0 1000 10-610-1300 CB ELECTRICITY 2,700 5000 10-610-1500 CB UPKEEP 1,500 250 10-610-3200 COMMUNITY BUILDING 200 200 SUPPLIES 4,400 PAGE 5 10-620-1150 INTERNET SERVICE FOR 1,700 1336 PARK SECURITY 10-620-1300 ELECTRICITY PARK 1,500 1412 10-620-1500 PARKI MAINTENANCE 500 See Buddy 10-620-3200 SUPPLIES AND TOOLS 500 See Buddy 10-620-5700 MISCELLANEOUS 500 See Buddy 10-620-7400 CAPITAL OUTLAY-PARK 33,300 30000 Fee In Lieu Revenue to offset 38,000 10-690-9400 WOMEN'S IMPROVEMENT 500 500 Board CLUB 10-690-9500 LIBRARY 15,000 TBD Board 10-690-9900 COMMUNITY DAY 1,500 1000 Board CELEBRATION (NOW FALLI FESTIVAL) 17,000 10-999-0000 CONTINGENCY 17,139 15000 17,139 1,693,492 WATER AND SEWER REVENUES 30-329-0000 INTEREST 3,000 30-335-0000 MISCELLANEOUS 200 30-371-0000 WATERISEWER FEES 878,612 30-371-9900 BAD DEBT RECOVERY 500 30-372-0100 WATER CAPACITY FEES 56,000 30-372-0200 SEWER CAPACITY FEES 30,000 30-373-0100 WATER TAPS 8,000 30-373-0200 SEWER TAPS 0 30-373-0300 NON REFUNDABLE CUT 3,000 ONFEE 30-374-0000 BACKFLOW TESTING 5,000 30-375-0000 SERVICE CHARGES 22,000 1,006,312 30-720-0000 ADMINISTRATION 20,562 0 30-720-0100 SALARIES TOWN CLERK 50/50 33,280 0 30-720-0101 SALARY TOWN U 21271 ADMINISTRATOR 75/25 MTI 25% 75% 30-720-0102 SALARY - CLERK 50/50 0 28108 DAVID 9903 29711 39614 30-720-0200 SALARIES - PW 57,606 32186 JARRETT 9903 29711 39614 SUPERVISOR 50/50 19806 59422 30-720-0201 SALARIES PW ASST. 55,142 28038 MT II SUPERVISOR 50/50 WESLEY 10454 31361 41815 30-720-0203 SALA ARIES MT 3- 75/25 0 CHASE 10454 31361 41815 30-720-0203 SALARIES MT 2- 75/25 39,673 62722 20908 62722 30-720-0204 SALARIES MT 1- 75/25 11,612 59425 MT III 30-720-0250 SALARY ASST CLERK 34832 20/80 PAGE 6 30-720-0301 ORC PART TIME 19,024 0 30-720-0400 ENGINEERING SERVICES 7,500 7500 30-720-0500 PAYROLL TAXES 20,170 TBD 43539 34831.2 30-720-0600 GROUP INSURANCE 35,176 TBD 8707.8 30-720-0800 NCL GERS RETIREMENT 33,271 TBD 30-720-0900 PRE EMPLOYMENT 200 200 SCREENING 30-720-1000 EDUCATION 1,890 3000 30-720-1701 PICKUP UPKEEP 2,600 2500 30-720-1703 DUMP TRUCK UPKEEP 4,000 3500 30-720-1704 BACKHOE UPKEEP 1,500 1000 30-720-1705 TRACTOR & BUSHHOG 500 500 UPKEEP 30-720-1706 LAWN MOWER & WEED 1,200 1500 EATER UPKEEP 30-720-1710 SEWER JETTER UPKEEP 500 500 30-720-1825 FUEL PICKUP 5,000 5500 30-720-1875 FUEL-DUMP 2,600 3100 30-720-1900 FUEL - BACKHOEQ 200 200 30-720-1925 FUEL-MISC. 500 500 30-720-2101 CELLPHONE EXPENSE 3,800 1200 30-720-2102 COPIER CONTRACT 250 250 30-720-3200 SUPPLIES WATER 6,000 5000 BILLING 30-720-3500 CLOTHING 3,000 3200 30-720-3600 SAFETY AWARDS 500 500 30-720-5300 DUES & MEMBERSHIPS 800 TBD 30-720-5401 INSURANCE WORK COMP 7,719 TBD 30-720-5700 MISCELLANEOUS 700 30-720-9100 CAPITAL RESERVE 102,962 479,437 30-810-4800 COUNTYWATER 215,071 PURCHASED 30-810-5300 WATER PERMIT 1,100 216,171 30-820-1100 TELEMETRY 2,200 30-820-1300 ELECTRICITY LIFT 8,100 STATIONS 30-820-1500 LIFT STATIONS UPKEEP 8,000 30-820-5300 COLLECTIONS SYSTEM 1,200 PERMIT 19,500 30-822-1100 TELEMETRY 400 30-822-1300 ELECTRICITY- SEWER 22,000 PLANT 30-822-1350 DECHLOR WATER METER 200 30-822-1500 SEWER PLANT UPKEEP 25,000 30-822-5300 WASTEWATER PERMIT 1,200 30-822-7400 CAPITAL OUTLAY 6,000 30-822-8100 DEBT SERVICE & 36,644 INTEREST 30-822-8101 DEBT SERVICE INTEREST 40,550 30-822-8199 USDAI REQUIRED 1,210 RESERVES PAGE 7 133,204 30-828-1500 WATER & SEWER UPKEEP 30,000 30-828-4200 CHEMICAL EXPENSES 6,500 30-828-4300 LAB FEES 30,000 30-828-4400 BACKFLOW TESTING 5,500 30-828-9100 CAPITAL RESERVE 56,000 30-828-9200 CAPITAL 30,000 RESERVE-S SEWER 158,000 1,006,312 TOWN TA :: CLERK ASSTCLERK PD-CHIER PDMAJOR PDSGT PDOFFICER PWS SUPER a MT1 ARCHERS LODGE $110,250 $95,118 NA NA NA NA NAX NA $45,011 BENSON $11,000 S $65,998 > * $48,027 $65,998 $62,942 $56,827 : $48,310 $72,571 $47545 CLAYTON : $217,230 : $70,374 " $56,435 a $450,867 :: $74,362 $110,174. $58,281 $90,147 $45,364. KENLY : 33 $124,800, 5 $57,990 $47:985 $83,990 : $59,987 $55:481 : $44,096 3 $65,500 $48,609 PINE LEVEL: NA $50j918 $45,635 à $79,684 NA $56:434 $53,813 4 NA a $42,315 SELMA a - $94,104: H $69638 $46,675 * $88,634 $103,002 " $82,971 # $60.774 $19,000 SMITHFIELD - $150,009 $58,000 $46,337 $113,963 $78,840 $57,311. $47,000 $65,000 - $42,315 WIESONMILIS : $100;827 $79,031 $55,873 $91,466 $68;265 $59,550 A $54,932 1 $62,356 $42,528 2025 Johnston County Town Current Salaries Recommendation Set the minimun bid at $ with a 10 day upset bid of 10%. Advertise for 30 days. Advertise online, socidal media and if permissable with an agent. The buyer is fully responsible for disconnection of all utilities, permitting and moving the home off the property within 90 days of the closing. Failure to do so within 90 days of the closing will result in forfieture of the purchase back to the town. OOHNSTON * DISCLAIMER C QUNyO Johnston County assumes no legal responsibility for the information represented here. WORTIHICAROLINA A 101 201 Result id: 04011021 Tag: 04011021 01 e 1g3 NCPin: 265209-05-7652 101-B Mapsheet No: 265209 108 49 9101-A Owner Name 1: TOWN OF PRINCETON Owner Name 2: 102 Mail Address 1: 107 104 Mail Address 2: POI BOX 67 CON 06 A Mail Address 3: PRINCETON, NC 25769-0000 92 108 89 - Site Address 1: 107 N PEARL: ST 105 9A Site Address 2: PRINCETON, NC 27569- Book: 06399 106 Page: 0462 o 106 Market Value: 166130 01 5e 111 Bo Assessed Acreage: 0.460 S 104 07 Calc. Acreage: 0.460 Si D - A-PEARL Sales Price: 223000 102 Sale Date: 2022-12-22 4 6 EgS 101 : 107 6 10 102 02 6 - A 102 201 104; S 205 10 - 105 116 S 118 207 109 90 E 100 A 209 o 4 202 /s /00 Scale: 1:2083 1 in. = 173.57 feet N2 Johnston County GIS (The scale is only accurate when printed landscape ona 8 1/2x 11 size sheet with no page scaling.) March 5, 2025 ESTIMATED COST TO MOVE THE HOME = $40,000-560,000 9 $o LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 12/2024 The Governing Board of Primary Government Unit Town of Princeton and Discretely Presented Component Unit (DPCU) (if applicable) NA Primary Government Unit, logether with DPCU (ifa applicable), hereinafter referred to as Governmental Unit(s) and Auditor Nâme Thompson, Price, Scott, Adams & Co., P.A. Auditor. Address 4024 Oleander Dr., Suite 103, Wilmington, NC 28403 Hereinafter referred to as Auditor for Fiscal Year Ending Date Audit Will Be Submitted to LGC 06/30/25 12/31/25 Must be within six months of FYE hereby agree as follows: 1. The Auditor shall audit all statements and disclosures required by U.S. generally accepted auditing standards (GAAS) and additional required legal statements and disclosures of all funds and/or divisions of the! Governmental Unit(s). The non-major combining, and individual fund statements and schedules shall besubjected to the auditing procedures applied in the audit of the basic financial statements and an opinion shalllbe rendered in relation to (as applicable) the governmental activities, the business- type activities, the aggregatelDPCUS, each major governmental and enterprise fund, and the aggregate remaining fund information (non-major government and enterprise funds, the internal service fund type, and the fiduciary fund types). The basiclfinancial statements shall include budgetary comparison information in a budgetary comparison statement,rather than as RSI, for the General Fund and any annually budgeted Special Revenue funds. 2. At a minimum, the Auditor shall conduct the audit and render the report in accordance with GAAS. If the Governmental Unit expended $100,000 or more in combined Federal and State financial assistance during the reporting period, the Auditor shall perform the audit in accordance with Government Auditing Standards (GAGAS). The Governmental Unit is subject to federal single audit requirements in accordance with Title 2 US Code of Federal Regulations Part 200 Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart F (Uniform Guidance) and the State Single Audit Implementation Act. Currently the threshold is $750,000 for a federal single audit and $500,000 for a State Single Audit. This audit and all associated audit documentation may be subject to review by Federal and State agencies in accordance with Federal and State laws, including the staffs of the Office of State Auditor (OSA) and the Local Government Commission (LGC). If the audit requires a federal single audit in accordance with the Uniform Guidance ($200.501) the Auditor and Governmental Unit(s) should discuss, in advance of the execution of this contract, the responsibility for submission of the audit and the accompanying data collection form to the Federal Audit Clearinghouse as required under the Uniform Guidance ($200.512) to ensure proper submission. Effective for audits of fiscal years beginning on or after June 30, 2023, the LGC will allow auditors to consider whether a unit qualifies as a State low-risk auditee. Please refer to Discussion of Single Audits in North Carolina" on the LGC's website for more information. Page 1 LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 12/2024 If the audit and Auditor communication are found in this review to be substandard, the results of the review may be forwarded to the North Carolina State Board of CPA Examiners (NC State Board). 3. If an entity is determined to be a component of another government as defined by the group audit standards, the entity's auditor shall make a good faith effort to comply in a timely manner with the requests of the group auditor in accordance with AU-6 $600.41 - $600.42. 4. This contract contemplates an unmodified opinion being rendered. If during the process of conducting the audit, the Auditor determines that it will not be possible to render an unmodified opinion on the financial statements of the unit, the Auditor shall contact the LGC Staff to discuss the circumstances leading to that conclusion as soon as is practical and before the final report is issued. The audit shall include such tests of the accounting records and such other auditing procedures as are considered by the Auditor to be necessary in the circumstances. Any limitations or restrictions in scope which would lead to a qualification should be fully explained in an attachment to this contract. 5. If this audit engagement is subject to the standards for audit as defined in Govemment Auditing Standards, 2018 revision, issued by the Comptroller General of the United States, then by accepting this engagement, the Auditor warrants that he/she has met the requirements for a peer review and continuing education as specified in Govemment Auditing Standards. The Auditor agrees to provide a copy of the most recent peer review report to the Governmental Unit(s) and the Secretary of the LGC prior to the execution of an audit contract. Subsequent submissions of the report are required only upon report expiration or upon auditor's receipt of an updated peer review report. If the audit firm received a peer review rating other than pass, the Auditor shall not contract with the Governmental Unit(s) without first contacting the Secretary of the LGC for a peer review analysis that may result in additional contractual requirements. If the audit engagement is not subject to Govemment Auditing Standards or if financial statements are not prepared in accordance with U.S. generally accepted accounting principles (GAAP) and fail to include all disclosures required by GAAP, the Auditor shall provide an explanation as to why in an attachment to this contract or in an amendment. 6. It is agreed that time is of the essence in this contract. All audits are to be performed and the report of audit submitted to LGC Staff within six months of fiscal year end. If it becomes necessary to amend the audit fee or the date that the audit report will be submitted to the LGC, an amended contract along with a written explanation of the change shall be submitted to the Secretary of the LGC for approval. 7. It is agreed that GAAS include a review of the Governmental Unit's (Units') systems of internal control and accounting as same relate to accountability of funds and adherence to budget and law requirements applicable thereto; that the Auditor shall make a written report, which may or may not be a part of the written report of audit, to the Governing Board setting forth his/her findings, together with his recommendations for improvement. That written report shall include all matters defined as "significant deficiencies and material weaknesses" in AU-C 265 of the AICPA Professional Standards (Clarified). The Auditor shall file a copy of that report with the Secretary of the LGC. For GAAS or Govemment Auditing Standards audits, if an auditor issues an AU-C $260 report, commonly referred to as "Governance Letter,' LGC staff does not require the report to be submitted unless the auditor cites significant findings or issues from the audit, as defined in AU-C $260.12 - 14. This would include issues such as difficulties encountered during the audit, significant or unusual transactions, uncorrected misstatements, matters that are difficult or contentious reviewed with those charged with governance, and other significant matters. If matters identified during the audit were required to be reported as described in AU-C $260.12-. 14 and were communicated in a method other than an AU-C $260 letter, the written documentation must be submitted. Page 2 LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 12/2024 8. All local government and public authority contracts for audit or audit-related work require the approval of the Secretary of the LGC. This includes annual or special audits, agreed upon procedures related to internal controls, bookkeeping or other assistance necessary to prepare the Governmental Unit's records for audit, financial statement preparation, any finance-related investigations, or any other audit- related work in the State of North Carolina. Approval is also required for the Altemative Compliance Examination Engagement for auditing the Coronavirus State and Local Fiscal Recovery Funds expenditures as allowed by US Treasury. Approval is not required on audit contracts and invoices for system improvements and similar services of a non-auditing nature. 9. Invoices for services rendered under these contracts shall not be paid by the Governmental Unit(s) until the invoice has been approved by the Secretary of the LGC. This also includes any progress billings [G.S. 159-34 and 115C-447). All invoices for audit work shall be submitted in PDF format to the Secretary oft the LGC for approval. the invoice marked 'approved' with approval date shall be returned to the Auditor to present to the Governmental Unit(s) for payment. This paragraph is not applicable to contracts for audits of hospitals. 10. In consideration of the satisfactory performance of the provisions of this contract, the Governmental Unit(s) shall pay to the Auditor, upon approval by the Secretary of the LGC if required, the fee, which includes any costs the Auditor may incur from work paper or peer reviews or any other quality assurance program required by third parties (federal and state grantor and oversight agencies or other organizations) as required under the Federal and State Single Audit Acts. This does not include fees for any pre-issuance reviews that may be required by the NC Association of CPAS (NCACPA) Peer Review Committee or NC State Board of CPA Examiners (see Item 13). 11. Ift the Governmental Unit(s) has/have outstanding revenue bonds, the Auditor shall submit to LGC Staff, either in the notes to the audited financial statements or as a separate report, a calculation demonstrating compliance with the revenue bond rate covenant. Additionally, the Auditor shall submit to LGC Staff simultaneously with the Govermental Unit's (Units') audited financial statements any other bond compliance statements or additional reports required by the authorizing bond documents, unless otherwise specified in the bond documents. 12. After completing the audit, the Auditor shall submit to the Governing Board a written report of audit. This report shail include, but not be limited to, the following information: (a) Managements Discussion and Analysis, (b) the financial statements and notes of the Governmental Unit(s) and all of its component units prepared in accordance with GAAP, (c) supplementary information requested by the Governmental Unit(s) or required for full disclosure under the law, and (d) the Auditor's opinion on the material presented. The Auditor shall furnish the required number of copies of the report of audit to the Governing Board uponcompletion. 13. If the audit firm is required by the NC State Board, the NCACPA Peer Review Committee, or the Secretary of the LGC to have a pre-issuance review of its audit work, there shall be a statement in the engagement letter indicating the pre-issuance review requirement. There also shall be a statement that the Governmental Unit(s) shall not be billed for the pre-issuance review. The pre-issuance review shall be performed prior to the completed audit being submitted to LGC Staff. The pre-issuance review report shall accompany the audit report upon submission to LGC Staff. Page 3 LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 12/2024 14. The Auditor shall submit the report of audit in PDF format to LGC Staff. For audits of units other than hospitals, the audit report should be submitted when (or prior to) submitting the final invoice for services rendered. The report of audit, as filed with the Secretary of the LGC, becomes a matter of public record for inspection, review and copy in the offices of the LGC by any interested parties. Any subsequent revisions to these reports shall be sent to the Secretary of the LGC. These audited financial statements, excluding the Auditors' opinion, may be used in the preparation of official statements for debt offerings by municipal bond rating services to fulfill secondary market disclosure requirements of the Securities and Exchange Commission and for other lawful purposes of the Governmental Unit(s) without requiring consent of the Auditor. If the LGC Staff determines that corrections need to be made to the Governmental Unit's (Units') financial statements and/ or the compliance section, those corrections shall be provided within three business days of notification unless another deadline is agreed to by LGC Staff. 15. Should circumstances disclosed by the audit call for a more detailed investigation by the Auditor than necessary under ordinary circumstances, the Auditor shall inform the Governing Board in writing of the need for such additional investigation and the additional compensation required therefore. Upon approval by the Secretary of the LGC, this contract may be modified or amended to include the increased time, compensation, or both as may be agreed upon by the Governing Board and the Auditor. 16. If an approved contract needs to be modified or amended for any reason, the change shall be made in writing and pre-audited if the change includes a change in audit fee (pre-audit requirement does not apply to hospitals). This amended contract shall be completed in full, including a written explanation of the change, signed and dated by all original parties to the contract. It shall then be submitted to the Secretary of the LGC for approval. No change to the audit contract shall be effective unless approved by the Secretary of the LGC. 17. A copy of the engagement letter, issued by the Auditor and signed by both the Auditor and the Governmental Unit(s), shall be attached to this contract, and except for fees, work, and terms not related to audit services, shall be incorporated by reference as if fully set forth herein as part of this contract. In case of conflict between the terms of the engagement letter and the terms of this contract, the terms of this contract shall take precedence. Engagement letter terms that conflict with the contract are deemed to be void unless the conflicting terms of this contract are specifically deleted in Item 30 of this contract. Engagement letters containing indemnification clauses shall not be accepted by LGC Staff. 18. Special provisions should be limited. Please list any special provisions in an attachment. 19. A separate contract should not be made for each division to be audited or report to be submitted. If a DPCU is subject to the audit requirements detailed in the Local Govemment Budget and Fiscal Control Act and a separate audit report is issued, a separate audit contract is required. If a separate report is not to be issued and the DPCU is included in the primary government audit, the DPCU shall be named along with the primary government on this audit contract. DPCU Board approval date, signatures from the DPCU Board chairman and finance officer also shall be included on this contract. 20. The contract shall be executed, pre-audited (pre-audit requirement does not apply to hospitals), and physically signed by all parties including Governmental Unit(s) and the Auditor, then submitted in PDF format to the Secretary of the LGC. 21. The contract is not valid until it is approved by the Secretary of the LGC. The staff of the LGC shall notify the Governmental Unit and Auditor of contract approval by email. The audit should not be started before the contract is approved. 22. Retention of Client Records: Auditors are subject to the NC State Board of CPA Examiners' Retention of Client Records Rule 21 NCAC 08N .0305 as it relates to the provision of audit and other attest services, as well as non-attest services. Clients and former clients should be familiar with the requirements of this rule prior to requesting the return of records. Page 4 LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 12/2024 23. This contract may be terminated at any time by mutual consent and agreement of the Governmental Unit(s) and the Auditor, provided that (a) the consent to terminate is in writing and signed by both parties, (b) the parties have agreed on the fee amount which shall be paid to the Auditor (if applicable), and (c) no termination shall be effective until approved in writing by the Secretary of the LGC. 24. The Governmental Unit's (Units') failure or forbearance to enforce, or waiver of, any right or an event of breach or default on one occasion or instance shall not constitute the waiver of such right, breach or default on any subsequent occasion or instance. 25. There are no other agreements between the parties hereto and no other agreements relative hereto that shall be enforceable unless entered into in accordance with the procedure set out herein and approved by the Secretary of the LGC. 26. E-Verify. Auditor shall comply with the requirements of NCGS Chapter 64. Article 2. Further, if Auditor utilizes any subcontractor(s), Auditor shall require such subcontractor(s) to comply with the requirements of NCGS Chapter 64, Article 2. 27. Applicable to audits with fiscal year ends of June 30, 2020 and later. For all non-attest services, the Auditor shall adhere to the independence rules of the AICPA Professional Code of Conduct and Govemment Auditing Standards, 2018 Revision (as applicable). Preparing financial statements in their entirety shall be deemed a 'significant threat" requiring the Auditor to apply safeguards sufficient to reduce the threat to an acceptable level. If the Auditor cannot reduce the threats to an acceptable level, the Auditor cannot complete the audit. If the Auditor is able to reduce the threats to an acceptable level, the documentation of this determination, including the safeguards applied, must be included in the audit workpapers. All non-attest service(s) being performed by the Auditor that are necessary to perform the audit must be identified and included in this contract. The Governmental Unit shall designate an individual with the suitable skills, knowledge, and/or experience (SKE) necessary to oversee the services and accept responsibility for the results of the services performed. If the Auditor is able to identify an individual with the appropriate SKE, s/he must document and include in the audit workpapers how he/she reached that conclusion. If the Auditor determines that an individual with the appropriate SKE cannot be identified, the Auditor cannot perform both the non-attest service(s) and the audit. See "Fees for Audit Services" page of this contract to disclose the person identified as having the appropriate SKE for the Governmental Unit. 28. Applicable to audits with fiscal year ends of June 30, 2021 and later. The auditor shall present the audited financial statements including any compliance reports to the government unit's governing body or audit committee in an official meeting in open session as soon as the audited financial statements are available but not later than 45 days after the submission of the audit report to the Secretary. The auditor's presentation to the government unit's governing body or audit committee shall include: a) the description of each finding, including all material weaknesses and significant deficiencies, as found by the auditor, and any other issues related to the internal controls or fiscal health of the govemment unit as disclosed in the management letter, the Single Audit or Yellow Book reports, or any other communications from the auditor regarding internal controls as required by current auditing standards set by the Accounting Standards Board or its successor; b) the status of the prior year audit findings; c) the values of Financial Performance Indicators based on information presented in the audited financial statements; and d) notification to the governing body that the governing body shall develop a "Response to the Auditor's Findings, Recommendations, and Fiscal Matters," if required under 20 NCAC 03.0508. 29. Information based on the audited financial statements shall be submitted to the Secretary for the purpose of identifying Financial Performance Indicators and Financial Performance Indicators of Concern. See 20 NCAC 03.0502(c)(6). Page 5 LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 12/2024 30. All of the above paragraphs are understood and shall apply to this contract, except the following numbered paragraphs shall be deleted (See Item 17 for clarification). 31. The process for submitting contracts, audit reports and invoices is subject to change. Auditors and units should use the submission process and instructions in effect at the time of submission. Refer to the N.C. Department of State Treasurer website at htps/Mmwandtreasurerccomsiale-andkoca goverment-finance-dionlocatgovemmen-commisionaubmitingyouraudi: 32. All communications regarding audit contract requests for modification or official approvals will be sent to the email addresses provided on the signature pages that follow. 33. Modifications to the language and terms contained in this contract form (LGC-205) are not allowed. Page 6 LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 12/2024 FEES FOR AUDIT SERVICES 1. For all non-attest services, the Auditor shall adhere to the independence rules of the AICPA Professional Code of Conduct (as applicable) and Govemment Auditing Standards, 2018 Revision. Refer to Item 27 of this contract for specific requirements. The following information must be provided by the Auditor; contracts presented to the LGC without this information will be not be approved. Financial statements were prepared by: Auditor Governmental Unit Third Party If applicable: Individual at Governmental Unit designated to have the suitable skills, knowledge, and/or experience (SKE) necessary to oversee the non-attest services and accept responsibility for the results of these services: Name: Title and Unit/ / Company: Email Address: Michael King Finance/Princeton mkng@myprincomsecon OR Not Applicable (Identification of SKE Individual on the LGC-205 Contract is not applicable for GAAS-only audits or audits with FYEs prior to June 30, 2020.) 2. Fees may not be included in this contract for work performed on Annual Financial Information Reports (AFIRs), Form 990s, or other services not associated with audit fees and costs. Such fees may be included in the engagement letter but may not be included in this contract or in any invoices requiring approval of the LGC. See Items 8 and 13 for details on other allowable and excluded fees. 3. The audit fee information included in the table below for both the Primary Government Fees and the DPCU Fees (if applicable) should be reported as a specific dollar amount of audit fees for the year under this contract. If any language other than an amount is included here, the contract will be returned to the audit form for correction. 4. Prior to the submission of the completed audited financial report and applicable compliance reports subject to this contract, or to an amendment to this contract (if required) the Auditor may submit interim invoices for approval for services rendered under this contract to the Secretary of the LGC, not to exceed 75% of the billings for the unit's last annual audit that was submitted to the Secretary of the LGC. All invoices for services rendered in an audit engagement as defined in 20 NCAC 0503 shall be submitted to the Commission for approval before any payment is made. Payment before approval is a violation of law. (This paragraph not applicable to contracts and invoices associated with audits of hospitals). Primary Government Unit Town of Prinçeton Audit Fee (financial and compliance if applicable) $ 18,500.00 Fee per Major Program (f not included above) s 3000.00 if applicable Additional Fees Not Included Above (if applicable): Financial Statement Preparation (incl. notes and RSI $ All Other Non-Attest Services $ TOTAL AMOUNT NOT TO EXCEED $ 27,500 Discretely Presented Component Unit NA Audit Fee (financial and compliance if applicable) $ Fee per Major Program (if not included above) $ Additional Fees Not Included Above (if applicable): Financial Statement Preparation (incl. notes and RSI) $ AII Other Non-Attest Services $ TOTAL AMOUNT NOT TO EXCEED $ Page 7 LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 12/2024 SIGNATURE PAGE AUDIT FIRM Audit Firm* Thompson, Price, Scott, Adams & Co., P.A. Authorized Firm Representative (typed or printed)" Signature" Gregory S Adams, CPA Date" Email Address* gadams@psacpas.com GOVERNMENTAL UNIT Governmental Unit* Town ofPrinceton Date Governing Board Approved Audit Contract* (Enter date in box to right) Mayor/Chairperson (typed or printed)* Signature* Stacy Johnson Date Email Address" syohnson@myprincetonnc.com Chair of Audit Committee (typed or printed, or "NA") Signature NA Date Email Address GOVERNMENTAL UNIT = PRE-AUDIT CERTIFICATE Required by G.S. 159-28(a1) or G.S. 115C-441(a1). Not applicable to hospital contracts. This instrument has been pre-audited in the mannerrequired by The Local Govemment Budget and Fiscal Control Act or by the School Budget and Fiscal Control Act. Sum Obligated by This Transaction: $ 27,500 Primary Governmental Unit Finance Officer* (lyped or prnted Signature* Michael King, Finance Date of Pre-Audit Certificate* Email Address* mang@myprinscetomncon Page 8 LGC-205 CONTRACT TO AUDIT ACCOUNTS Rev. 12/2024 SIGNATURE PAGE = DPCU (complete only if applicable) DISCRETELY PRESENTED COMPONENT UNIT DPCU* NA Date DPCU Governing Board Approved Audit Contract* (Enter date in box to right) DPCU Chairperson (typed or printed)* Signature" Date* Email Address* Chair of Audit Committee (typed or printed, or "NA") Signature NA Date Email Address DPCU - PRE-AUDIT CERTIFICATE Required by G.S. 159-28(a1) or G.S. 115C-441(a1). Not applicable to hospital contracts. This instrument has been pre-audited in the manneri required by The Local Govemment Budget and Fiscal Control Act or by the School Budget and Fiscal Control Act. Sum Obligated by this Transaction: $ DPCU Finance Officer (typed or printed)* Signature" Date of Pre-Audit Certificate* Email Address* Remember to print this form, and obtain all required signatures prior to submission. PRINT Page 9