TB 2026-09-16 Agenda Packet (full text)

AGENDA REGULAR BOARD MEETING - TOWN OF BOSTON September 16, 2026 – 7:30 P.M. ITEM NO. I PRELIMINARY MATTERS 1. Call Meeting to Order 2. Roll Call 3. Pledge of Allegiance and Opening Prayer 4. Other Preliminary Matters ITEM NO. II REGULAR BUSINESS 1. Correction and Adoption of the Minutes from September 2, 2026 2. Consideration of all Fund Bills ITEM NO. III CORRESPONDENCE 1. Town Clerk’s Report for August 2026 2. Dog Control Officer Report August 2026 3. 2024 Financial Statements and Auditor Comments 4. August 2026 Income Statement & Cash Balances 5. NYSEG and RG&E Crews Make Major Progress Following Overnight Storm 6. Erie County Comptroller – Erie County Term Registry and Letters being Sent to Rental Operators 7. Application for Use of Meeting Facility – Connect Life Blood Drive 2027 ITEM NO. IV NEW BUSINESS 1. Requests from the Floor (3-minute time limit per person) 2. Public Hearing - Matt Kolo Excavating, LLC, 7631 Zimmerman Road, Site Plan Approval of a proposed Office Building 3. Schedule Public Hearing for Fire Contracts (October 21, 2026 at 7:35 pm) 4. Resolution 2026 – 61 Approving Site Plan for Matt Kolo Excavating, LLC, 7631 Zimmerman Road 5. Resolution 2026 – 62 Authorizing the Town Court to Apply for a JCAP Grant

6. Request for reappointment from David May to Zoning Board of Appeals – Term through 4/1/2031 7. Application for Use of Facility – Town of Boston Event Coordinator, Summer Concert Series 2027 ITEM NO. V OLD BUSINESS ITEM NO. VI REPORTS AND PRESENTATIONS 1. Highway Superintendent 2. Councilmembers 3. Town Clerk 4. Supervisor ITEM NO. VII ADJOURNMENT OF MEETING 1. Adjournment of Meeting

TOWN OF BOSTON, NEW YORK Basic Financial Statements, Required Supplementary Information and Supplementary Information for the Year Ended December 31, 2024

TOWN OF BOSTON, NEW YORK Table of Contents Year Ended December 31, 2024 Page Management’s Discussion and Analysis..............................................................................................1 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ............................................................................................................ 10 Statement of Activities .................................................................................................................11 Fund Financial Statements: Balance Sheet—Governmental Funds ......................................................................................... 12 Reconciliation of the Balance Sheet—Governmental Funds to the Government-wide Statement of Net Position ........................................................................ 13 Statement of Revenues, Expenditures, and Changes in Fund Balances—Governmental Funds ........................................................................................... 14 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances—Governmental Funds to the Government-wide Statement of Activities ............. 15 Statement of Fiduciary Net Position—Custodial Fund................................................................16 Statement of Changes in Fiduciary Net Position—Custodial Fund .............................................17 Notes to the Financial Statements ..................................................................................................... 18 Required Supplementary Information: Schedule of the Town’s Proportionate Share of the Net Pension Liability/(Asset)—Employees’ Retirement System ................................................ 45 Schedule of the Town’s Contributions—Employees’ Retirement System .......................................46 Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—General Fund.............................................................................................. 47 Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—Highway—Town Wide Fund .....................................................................48 Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—Fire Protection Fund................................................................................... 49 Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—Water Fund................................................................................................. 50 (continued)

TOWN OF BOSTON, NEW YORK Table of Contents Year Ended December 31, 2024 (concluded) Page Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—Garbage and Refuse Fund .......................................................................... 51 Notes to the Required Supplementary Information .......................................................................... 52 Supplementary Information: Combining Balance Sheet—Nonmajor Governmental Funds .......................................................... 53 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—Nonmajor Governmental Funds .................................................... 54

TOWN OF BOSTON, NEW YORK Management’s Discussion and Analysis Year Ended December 31, 2024 As management of the Town of Boston, New York (the “Town”), we offer readers of the Town’s financial statements this narrative overview and analysis of the financial activities of the Town for the year ended December 31, 2024. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in the Town’s financial statements, which follow this narrative. Financial Highlights  The assets and deferred outflows of resources of the Town exceeded its liabilities and deferred inflows of resources at the close of the most recent fiscal year by $4,147,788 (net position). This consists of $2,409,449 net investment in capital assets, $4,621,163 restricted for specific purposes, and unrestricted net position of ($2,882,824).  The Town’s total net position increased by $557,865 during the year ended December 31, 2024.  At the end of the current fiscal year, the Town’s governmental funds reported a combined ending fund balance of $7,894,926, an decrease of $135,971 in comparison with the prior year’s fund balance of $8,030,897.  At the end of the current fiscal year, unassigned fund balance for the General Fund was $1,505,816, or approximately 59.5 percent of total General Fund expenditures and transfers out. This total amount is available for spending at the Town’s discretion and constitutes approximately 59.0 percent of the General Fund’s total fund balance of $2,552,204 at December 31, 2024.  During the year ended December 31, 2024, the Town’s total serial bonds outstanding decreased by $171,751 as a result of the Town’s scheduled principal payments. Overview of the Financial Statements The discussion and analysis provided here are intended to serve as an introduction to the Town’s basic financial statements. The Town’s basic financial statements comprise three components: 1) government- wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government-wide financial statements—The government-wide financial statements are designed to provide readers with a broad overview of the Town’s finances, in a manner similar to a private-sector business. The statement of net position presents information on all of the Town’s assets, liabilities and deferred outflows/inflows of resources, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the Town is improving or deteriorating. -1-

The statement of activities presents information showing how the Town’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods (e.g., earned but unused vacation leave). Both of the government-wide financial statements distinguish functions of the Town that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all, or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the Town include general government support, public safety, health, transportation, economic assistance and opportunity, culture and recreation, home and community services and unallocated interest and other fiscal charges. The Town does not engage in any business-type activities. The government-wide financial statements can be found on pages 10-11 of this report. Fund financial statements—A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The Town, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the Town can be classified as governmental funds. Governmental funds—Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental funds’ balance sheet and the governmental funds’ statement of revenues, expenditures, and changes in funds’ balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The Town maintains eight individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statements of revenues, expenditures, and changes in fund balances for the General Fund, Highway—Town Wide Fund, Fire Protection Fund, Water Fund, Garbage and Refuse Fund, and the Capital Projects Fund, all of which are considered to be major funds. Data from the other two governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is presented in the form of combining statements in the Supplementary Information section of this report. The basic governmental fund financial statements can be found on pages 12-15 of this report. Fiduciary funds—Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources are not available to support the Town’s own programs. The Town maintains one fiduciary fund, the Custodial Fund. The fiduciary fund statements can be found on pages 16-17 of this report. -2-

Notes to the financial statements—The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found on pages 18-44 of this report. Other information—In addition to the basic financial statements and accompanying notes, this report also presents required supplementary information concerning the Town’s net pension liability/(asset)— Employees’ retirement system, the Town’s total pension liability related to its length of service awards program and the Town’s budgetary comparison schedules for the General Fund, Highway—Town Wide Fund, Fire Protection Fund, Water Fund, and the Garbage and Refuse Fund. Required Supplementary Information and related notes to the required supplementary information can be found on pages 45-52 of this report. The combining statements referred to earlier in connection with nonmajor governmental funds are presented as other supplementary information immediately following the Required Supplementary Information in the Supplementary Information section on pages 53-54 of this report. Government-wide Overall Financial Analysis As noted earlier, net position over time may serve as a useful indicator of a government’s financial position. In the case of the Town, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $4,147,788 at the close of the most recent fiscal year, as compared to $3,589,923, at the close of the fiscal year ended December 31, 2023. Table 1, as shown below, presents condensed statements of net position. Table 1—Condensed Statements of Net Position—Primary Government Governmental Activities December 31, December 31, 2024 2023 Current assets $ 12,692,576 $ 10,336,810 Noncurrent assets 7,596,903 7,002,754 Total assets 20,289,479 17,339,564 Deferred outflows of resources 1,914,285 1,864,076 Total deferred outflows of resources 1,914,285 1,864,076 Current liabilities 4,328,783 1,744,535 Noncurrent liabilities 11,529,617 11,476,091 Total liabilities 15,858,400 13,220,626 Deferred inflows of resources 2,197,576 2,393,091 Total deferred inflows of resources 2,197,576 2,393,091 Net position: Net investment in capital assets 2,409,449 2,143,936 Restricted 4,621,163 4,394,845 Unrestricted (2,882,824) (2,948,858) Total net position $ 4,147,788 $ 3,589,923 -3-

The largest portion of the Town’s net position, $4,621,163, represents resources that are subject to external restrictions imposed by creditors, grantors, contributors, or laws and regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation. An additional portion of the Town’s net position, $2,409,449, reflects its investment in capital assets (e.g. land, buildings, machinery, equipment, right-to-use leased equipment and infrastructure), net of accumulated depreciation less any related debt used to acquire those assets. The Town uses these capital assets to provide a variety of services to citizens; consequently, these assets are not available for future spending. Although the Town’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. The remaining component of the Town’s net position, ($2,882,824), is considered to be an unrestricted deficit. This deficit does not mean that the Town does not have resources available to meet its obligations in the ensuing year; rather, it reflects liabilities not related to the Town’s capital assets and are not expected to be repaid from current resources. These long-term liabilities, including bonds payable, installment purchase debt, capital leases, compensated absences, and net pension liability, are funded annually within the funds. Table 2, as presented below, shows the changes in net position for the years ended December 31, 2024 and December 31, 2023. Table 2—Condensed Statements of Changes in Net Position—Primary Government Governmental Activities Year Ended December 31, 2024 2023 Program revenues: Charges for services $ 263,662 $ 233,206 Capital grants and contributions 217,913 168,028 General revenues 6,174,612 6,212,234 Total revenues 6,656,187 6,613,468 Total expenses 6,098,322 5,566,214 Change in net position 557,865 1,047,254 Net position–beginning 3,589,923 2,542,669 Net position–ending $ 4,147,788 $ 3,589,923 -4-

A summary of sources of revenues for the years ended December 31, 2024 and December 31, 2023 is presented in Table 3 below. Table 3—Summary of Sources of Revenues—Primary Government Year Ended December 31, 2024 2023 Charges for services $ 263,662 $ 233,206 Capital grants and contributions 217,913 168,028 Property taxes, tax items and non-property taxes 4,978,967 4,925,062 Use of money and property 695,324 663,934 Sale of property and compensation for loss 8,594 83,556 Miscellaneous 13,399 4,127 Interfund revenues 76,493 78,127 Unrestricted state aid 220,684 195,697 Federal aid 181,151 261,731 Total revenues $ 6,656,187 $ 6,613,468 The Town’s most significant source of revenues for the year ended December 31, 2024 was property taxes, tax items and non-property taxes, which accounted for $4,978,967, or 74.8 percent of total revenues. The next largest source of revenue was use of money and property, which accounted for $695,324, or 10.4 percent of total revenues. The Town’s most significant source of revenues for the year ended December 31, 2023 was property taxes, tax items and non-property taxes, which accounted for $4,925,062, or 74.5 percent of total revenues. The next largest source of revenue was use of money and property, which accounted for $663,934, or 10.0 percent of total revenues. A summary of program expenses for the years ended December 31, 2024 and December 31, 2023 is presented below in Table 4: Table 4—Summary of Program Expenses—Primary Government Year Ended December 31, 2024 2023 General government support $ 1,203,910 $ 1,019,651 Public safety 1,019,189 957,000 Health 107,397 51,939 Transportation 420,226 1,386,286 Economic assistance and opportunity 60,103 61,767 Culture and recreation 477,623 943,078 Home and community services 2,584,524 972,895 Interest and other fiscal charges 225,350 173,598 Total expenses $ 6,098,322 $ 5,566,214 -5-

The Town’s most significant expense items for the year ended December 31, 2024 were home and community services of $2,584,524, or 42.4 percent of total expenses, general government support of $1,203,910, or 19.7 percent of total expenses, and public safety of $1,019,189, or 16.7 percent of total expenses. The Town’s most significant expense items for the year ended December 31, 2023 were transportation of $1,386,286, or 24.9 percent of total expenses, general government support of $1,019,651, or 18.3 percent of total expenses, and home and community services of $972,895, or 17.5 percent of total expenses. Financial Analysis of Governmental Funds As noted earlier, the Town uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental funds—The focus of the Town’s governmental funds is to provide information on near- term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the Town’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for discretionary use as they represent the portion of fund balance which has not been limited to use for a particular purpose by an external party, the Town itself, or a group of individuals that has been delegated to assign resources for use for particular purposes by the Town Board. At December 31, 2024, the Town’s governmental funds reported combined ending fund balance of $7,894,926, a decrease of $135,971 from the prior year fund balance of $8,030,897. Approximately 4.9 percent of this amount, $386,500 constitutes unassigned fund balance, which is available for spending at the Town’s discretion. The remainder of fund balance is either nonspendable, restricted or assigned to indicate that it is (1) not in spendable form, $50,284, (2) restricted for particular purposes, $4,621,163, or (3) assigned for particular purposes, $2,836,979. The General Fund is the chief operating fund of the Town. At the end of the current fiscal year, unassigned fund balance of the General Fund was $1,505,816 while total fund balance decreased to $2,552,204. As a measure of the General Fund’s liquidity, it may be useful to compare both unassigned fund balance and total fund balance to total General Fund expenditures. Unassigned fund balance represents approximately 59.0 percent of total General Fund expenditures and other financing uses, while total fund balance represents approximately 100.8 percent of that same amount. The Town’s Highway—Town Wide fund ending fund balance was $1,409,265. $317,538 is restricted for capital projects, $153,433 is reported as fund balance assigned for subsequent year’s expenditures, $171,261 is assigned to encumbrances, and $751,991 is assigned to specific use. During the year ended December 31, 2024, the Highway—Town Wide fund balance increased $163,818. The Town’s Fire Protection Fund ending fund balance increased $181,376 to an ending fund balance of $2,779,415. $2,601,939 is restricted for LOSAP, $26,773 is assigned for subsequent year’s expenditures, and $150,703 is assigned to specific use. The Town’s Water Fund increased $151,514 to an ending fund balance of $1,137,752. $387,651 is restricted for debt, $68,788 is assigned for subsequent year’s expenditures, and $681,313, is assigned to specific use. The Town’s Garbage and Refuse fund ending fund balance increased $65,528 to an ending fund balance of $200,742 and the entire amount of fund balance, of $200,742 is assigned to specific use. -6-

The Town’s Capital Projects Fund fund balance decreased $283,110 resulting in a deficit ending fund balance of $(1,119,316). This is due to capital outlay expenditures outpacing revenues and the issuance of bond anticipation notes to support projects. The fund balance deficit is anticipated to be remedied through the issuance of long-term debt. General Fund Budgetary Highlights The Town’s General Fund budget generally contains budget amendments during the year. The budget is allowed to be amended upward (increased) for prior year’s encumbrances since the funds were allocated under the previous year’s budget, and the Town has appropriately assigned an equal amount of fund balance at year-end for this purpose. Furthermore, the budget is allowed to be amended upward (increased) for additional current year appropriations supported by an increase in budgeted revenues or appropriation of fund balance. A budgetary comparison schedule within the required supplementary information section of this report has been provided to demonstrate compliance with their budget. A summary of the General Fund results of operations for the year ended December 31, 2024 is presented in Table 5 below: Table 5—General Fund Budget Budgeted Amounts Actual Variance with Original Final Amounts Final Budget Revenues $ 1,808,783 $ 2,083,934 $ 2,144,788 $ 60,854 Expenditures and other financing uses 2,311,691 2,737,136 2,532,080 205,056 Excess (deficiency) of revenues and other financing sources over expenditures and other financing uses $ (502,908) $ (653,202) $ (387,292) $ 265,910 Original budget compared to final budget—During the year, overall budgeted appropriations increased $425,445 primarily due to capital project interfund transfers. Final budget compared to actual results—A review of actual revenues and expenditures compared to estimated revenues and appropriations in the final budget yields several favorable variances, most notably related to additional revenue in licenses and permits, and savings in general government support expenditures due to conservative spending town wide. Capital Assets and Debt Administration Capital assets—The Town’s investment in capital assets for its governmental activities as of December 31, 2024, amounted to $7,596,903 (net of accumulated depreciation/amortization). This investment in capital assets includes land, buildings, improvements, vehicles and equipment, and infrastructure. Capital assets net of depreciation for the governmental activities at the years ended December 31, 2024 and 2023 are presented on the following page. -7-

Table 6—Summary of Capital Assets (Net of Accumulated Depreciation/Amortization) Governmental Activities December 31, 2024 2023 Land $ 203,600 $ 203,600 Construction in progress 632,855 1,990,292 Buildings 2,633,132 2,173,351 Improvements 958,818 900,717 Machinery & equipment 1,249,692 1,186,972 Right-to-use leased equipment 8,290 12,637 Infastructure 1,905,163 534,127 Art and historical treasures 5,353 1,058 Total $ 7,596,903 $ 7,002,754 Additional information on the Town’s capital assets can be found in Note 4 to the financial statements. Long-term debt—At December 31, 2024, the Town had net bonded debt outstanding of $4,059,400, as compared to $4,231,151 at December 31, 2023. During the year, the Town made scheduled principal payments of $171,751. The Town’s governmental activities also have recorded liabilities for an installment purchase debt, lease liability, compensated absences, net pension liability—ERS and total pension liability—LOSAP. A summary of the Town’s long-term liabilities at December 31, 2024 and December 31, 2023 is presented in Table 7 below: Table 7—Summary of Long-Term Liabilities Governmental Activities December 31, 2024 2023 Serial bonds $ 4,059,400 $ 4,231,151 Installment purchase debt - 13,926 Lease liability 8,738 13,106 Compensated absences 179,285 188,822 Net pension liability-ERS 496,713 751,475 Total pension liability-LOSAP 6,785,481 6,277,611 Total $ 11,529,617 $ 11,476,091 Additional information on the Town’s long-term liabilities can be found in Note 12 to the financial statements. -8-

Economic Factors and Next Year’s Budgets and Rates The unemployment rate, not seasonally adjusted, for Erie County during December 2024 was 3.9 percent, as compared to New York State’s unemployment rate of 4.7 percent. These factors are considered in preparing the Town’s budget. The Town considered current year operational expenses and estimated increases based on economic factors when establishing the fiscal year 2025 budget. The General Fund tax rate is $0.24 per thousand of assessed value for the 2025 budget year. The Town’s 2025 budget includes the appropriation of $509,330 of unassigned fund balance in the General Fund. Requests for Information This financial report is designed to provide a general overview of the Town’s finances for all those with interest in the Town’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Supervisor’s Office, Town of Boston, 8500 Boston State Road, Boston, New York 14025. -9-

TOWN OF BOSTON, NEW YORK Statement of Net Position December 31, 2024 Primary Government Governmental Activities ASSETS Cash and cash equivalents $ 4,514,645 Restricted cash and cash equivalents 3,978,600 Restricted investments 3,293,127 Receivables 28,900 Taxes receivable 1,500 Intergovernmental receivables 114,561 Lease receivable 710,959 Prepaid items 50,284 Capital assets not being depreciated 836,455 Capital assets, net of accumulated depreciation/amortization 6,760,448 Total assets 20,289,479 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows—relating to pensions 1,914,285 Total deferred outflows of resources 1,914,285 LIABILITIES Accounts payable 424,618 Accrued liabilities 141,101 Bond anticipation notes payable 3,758,000 Unearned revenue 5,064 Noncurrent liabilities: Due within one year 199,001 Due within more than one year 11,330,616 Total liabilities 15,858,400 DEFERRED INFLOWS OF RESOURCES Deferred inflows—relating to pensions 1,637,386 Deferred inflows—relating to leases receivable 560,190 Total deferred inflows of resources 2,197,576 NET POSITION Net investment in capital assets 2,409,449 Restricted for: Tax stabilization 92,724 Capital projects 847,661 LOSAP 3,293,127 Debt 387,651 Unrestricted (2,882,824) Total net position $ 4,147,788 The notes to the financial statements are an integral part of this statement. - 10 -

TOWN OF BOSTON, NEW YORK Statement of Activities Year Ended December 31, 2024 Net (Expense) Revenue and Changes in Net Position Program Revenues Primary Capital Government Charges for Grants and Governmental Function/Programs Expenses Services Contributions Activities Primary government: Governmental activities: General government support $ 1,203,910 $ 202,694 $ - $ (1,001,216) Public safety 1,019,189 59,397 - (959,792) Health 107,397 1,571 - (105,826) Transportation 420,226 - 217,913 (202,313) Economic assistance and opportunity 60,103 - - (60,103) Culture and recreation 477,623 - - (477,623) Home and community services 2,584,524 - - (2,584,524) Interest and other fiscal charges 225,350 - - (225,350) Total primary government $ 6,098,322 $ 263,662 $ 217,913 (5,616,747) General revenues: Property taxes and tax items 3,373,229 Non-property taxes 1,605,738 Use of money and property 695,324 Sale of property and compensation for loss 8,594 Miscellaneous 13,399 Interfund revenues 76,493 Unrestricted state aid 220,684 Federal aid 181,151 Total general revenues 6,174,612 Change in net position 557,865 Net position—beginning 3,589,923 Net position—ending $ 4,147,788 The notes to the financial statements are an integral part of this statement. - 11 -

TOWN OF BOSTON, NEW YORK Balance Sheet—Governmental Funds December 31, 2024 Total Highway— Fire Garbage and Capital Nonmajor Governmental General Town Wide Protection Water Refuse Projects Funds Funds ASSETS Cash and cash equivalents $ 1,975,359 $ 1,138,469 $ 177,606 $ 759,865 $ 355,813 $ - $ 107,533 $ 4,514,645 Restricted cash and cash equivalents 488,835 317,538 - 387,651 - 2,645,500 139,076 3,978,600 Restricted investments - - 2,601,939 - - - 691,188 3,293,127 Receivables 28,900 - - - - - - 28,900 Taxes recievable 1,500 1,500 Intergovernmental receivables 37,038 77,312 - - 211 - - 114,561 Lease receivable 710,959 710,959 Prepaid items 35,242 15,042 - - - - - 50,284 Total assets $ 3,277,833 $ 1,548,361 $ 2,779,545 $ 1,147,516 $ 356,024 $ 2,645,500 $ 937,797 $ 12,692,576 LIABILITIES Accounts payable $ 132,082 $ 117,611 $ 130 $ 9,764 $ 155,282 6,816 $ 2,933 $ 424,618 Accrued liabilities 26,793 21,485 - - - - - 48,278 Bond anticipation notes payable - - - - - 3,758,000 - 3,758,000 Unearned revenue 5,064 - - - - - - 5,064 Total liabilities 163,939 139,096 130 9,764 155,282 3,764,816 2,933 4,235,960 DEFERRED INFLOWS OF RESOURCES Deferred inflows—leases receivable 560,190 - - - - - - 560,190 Deferred inflows—taxes receivable 1,500 - - - - - - 1,500 Total deferred inflows of resources 561,690 - - - - - - 561,690 FUND BALANCES (DEFICIT) Nonspendable 35,242 15,042 - - - - - 50,284 Restricted 483,771 317,538 2,601,939 387,651 - - 830,264 4,621,163 Assigned 527,375 1,076,685 177,476 750,101 200,742 - 104,600 2,836,979 Unassigned 1,505,816 - - - - (1,119,316) - 386,500 Total fund balances (deficit) 2,552,204 1,409,265 2,779,415 1,137,752 200,742 (1,119,316) 934,864 7,894,926 Total liabilities and fund balances (deficit) $ 3,277,833 $ 1,548,361 $ 2,779,545 $ 1,147,516 $ 356,024 $ 2,645,500 $ 937,797 $ 12,692,576 The notes to the financial statements are an integral part of this statement. - 12 -

TOWN OF BOSTON, NEW YORK Reconciliation of the Balance Sheet—Governmental Funds to the Government-wide Statement of Net Position December 31, 2024 Amounts reported for governmental activities in the statement of net position (page 10) are different because: Total fund balances—governmental funds (page 12) $ 7,894,926 Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the fund statements. The cost of the assets is $13,442,594 and the accumulated depreciation is $5,845,690. 7,596,903 Deferred outflows of resources and inflows of resources related to pensions are applicable to future periods and, therefore, are not reported in the fund statements: Deferred outflows related to employer contributions $ 535,203 Deferred outflows related to experience, changes of assumptions, investment earnings, and changes in proportion 1,379,082 Deferred inflows related to pension plans (1,637,386) 276,899 Amounts relating to taxes receivable have not met the revenue recognition criteria for fund financial purposes and, therefore, have been deferred. However, these revenues are recorded in the government-wide financial statements which report on the full accrual basis of accounting. This is the amount of revenues deferred in the funds, but recognized in the government-wide presentation. 1,500 Net accrued interest expense for serial bonds and BANs is not reported in the fund statements. (92,823) Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the fund statements. The effects of these items are: Serial bonds $ (4,059,400) Lease liability (8,738) Compensated absences (179,285) Net pension liability—ERS (496,713) Total pension liability—LOSAP (6,785,481) (11,529,617) Net position of governmental activities $ 4,147,788 The notes to the financial statements are an integral part of this statement. - 13 -

TOWN OF BOSTON, NEW YORK Statement of Revenues, Expenditures, and Changes in Fund Balances—Governmental Funds Year Ended December 31, 2024 Total Highway— Fire Garbage and Capital Nonmajor Governmental General Town Wide Protection Water Refuse Projects Funds Funds REVENUES Real property taxes and tax items $ 168,136 $ 864,103 $ 809,049 $ 473,401 $ 943,773 $ - $ 113,267 $ 3,371,729 Non-property tax items 1,090,738 275,000 150,000 - - - 90,000 1,605,738 Departmental income 17,528 - - - 3,400 - - 20,928 Use of money and property 204,080 70,426 210,131 54,584 23,065 36,199 96,839 695,324 Licenses and permits 59,397 - - - - - - 59,397 Fines and forfeitures 181,766 - - - - - - 181,766 Sale of property and compensation for loss 7,909 685 - - - - - 8,594 Miscellaneous 13,399 1,571 - - - - 14,970 Interfund revenues - 76,493 - - - - - 76,493 State aid 220,684 171,166 - - - 46,747 - 438,597 Federal aid 181,151 - - - - - - 181,151 Total revenues 2,144,788 1,459,444 1,169,180 527,985 970,238 82,946 300,106 6,654,687 EXPENDITURES Current: General government support 969,196 - - - - 252,048 - 1,221,244 Public Safety 117,720 - 689,240 - - - - 806,960 Health - - - - - - 107,397 107,397 Transportation 165,802 1,097,116 - - - - 153,662 1,416,580 Economic assistance and opportunity 46,855 - - - - - - 46,855 Culture and recreation 361,274 - - - - 23,659 - 384,933 Home and community services 198,191 - - 70,427 904,710 294,552 - 1,467,880 Employee benefits 271,580 198,510 433,188 - - - 52,431 955,709 Debt service: Principal 49,367 - - 126,752 - - 13,926 190,045 Interest and other fiscal charges 20,532 - - 155,208 - 16,820 495 193,055 Total expenditures 2,200,517 1,295,626 1,122,428 352,387 904,710 587,079 327,911 6,790,658 Excess (deficiency) of revenues over expenditures (55,729) 163,818 46,752 175,598 65,528 (504,133) (27,805) (135,971) OTHER FINANCING SOURCES (USES) Transfers in - - 134,624 2,706 - 223,729 - 361,059 Transfers out (331,563) - - (26,790) - (2,706) - (361,059) Total other financing sources (uses) (331,563) - 134,624 (24,084) - 221,023 - - Net change in fund balances (deficit) (387,292) 163,818 181,376 151,514 65,528 (283,110) (27,805) (135,971) Fund balances (deficit)—beginning 2,939,496 1,245,447 2,598,039 986,238 135,214 (836,206) 962,669 8,030,897 Fund balances (deficit)—ending $ 2,552,204 $ 1,409,265 $ 2,779,415 $ 1,137,752 $ 200,742 $ (1,119,316) $ 934,864 $ 7,894,926 The notes to the financial statements are an integral part of this statement. - 14 -

TOWN OF BOSTON, NEW YORK Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances—Governmental Funds to the Government-wide Statement of Activities Year Ended December 31, 2024 Amounts reported for governmental activities in the statement of activities (page 11) are different because: Net change in fund balances—total governmental funds (page 14) $ (135,971) Governmental funds report capital outlays as expenditures. However, in the statement of activities, the cost of these assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlay exceeded depreciation expense and loss on disposals in the current period. Capital asset additions $ 869,269 Depreciation expense (274,081) Loss on disposals (1,039) 594,149 Net differences between pension contributions recognized on the fund financial statements and the government-wide financial statements are as follows: Town pension contributions and benefit payments $ 940,129 Cost of benefits earned net of employee contributions (1,009,229) (69,100) Governmental funds recognize revenues only if they are both measurable and available after the end of the fiscal year; however, the government-wide statements recognize revenue on an accrual basis. This is the effect of the change in deferred revenue during the current year. 1,500 In the statement of activities, interest expense is recognized as it accrues, regardless of when it is paid. (32,295) The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts and similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activites. Additionally, in the statement of activities, certain operating expenses are measured by the amounts earned during the year. In the governmental funds, however, expenditures for these items are measured by the amount of financial resources used (essentially, the amounts actually paid). The net effect of these differences in the treatment of long-term debt and the related items is as follows: Principal payments on serial bonds $ 171,751 Principal payment on installment purchase debt 13,926 Repayment of leases 4,368 Change in compensated absences 9,537 199,582 Change in net position of governmental activities $ 557,865 The notes to the financial statements are an integral part of this statement. - 15 -

TOWN OF BOSTON, NEW YORK Statement of Fiduciary Net Position—Custodial Fund December 31, 2024 Custodial Fund ASSETS Restricted cash and cash equivalents $ 5,790 Total assets 5,790 LIABILITIES Bail deposits 2,790 Total liabilities 2,790 NET POSITION Restircted for individuals, organizations and other governments $ 3,000 The notes to the financial statements are an integral part of this statement. - 16 -

TOWN OF BOSTON, NEW YORK Statement of Changes in Fiduciary Net Position—Custodial Fund Year Ended December 31, 2024 Custodial Fund ADDITIONS Funds received on behalf of others $ 11,586 Total additions 11,586 DEDUCTIONS Funds distributed on behalf of others 17,331 Total deductions 17,331 Net change in fiduciary net position (5,745) Net position—beginning 8,745 Net position—ending $ 3,000 The notes to the financial statements are an integral part of this statement. - 17 -

TOWN OF BOSTON, NEW YORK Notes to the Financial Statements Year Ended December 31, 2024 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The basic financial statements of the Town of Boston, New York (the “Town”) have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) as applied to governmental units. The Governmental Accounting Standards Board (the “GASB”) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the Town’s accounting policies are described below. Description of Government-Wide Financial Statements The government-wide financial statements (i.e. statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the Town. All fiduciary activities are reported only in the fund financial statements. Governmental activities, which are normally supported by taxes, intergovernmental revenues, and other nonexchange transactions, are reported separately from business-type activities, which rely to a significant extent on fees and charges to external customers for support. The Town reports no business-type activities. Likewise, the primary government is reported separately from certain legally separate component units for which the primary government is financially accountable. For the year ended December 31, 2024 the Town reports no component units. Reporting Entity The Town, which was established in 1817, is located within the County of Erie, New York. The Town operates under provisions of New York State law and various local laws. The five-member Town Board is the legislative body responsible for overall operations. The Supervisor serves as both Chief Executive Officer and Chief Fiscal Officer. The Town provides the following services to its residents: fire protection, highway, senior services, street lighting, ambulance service, water service, and general administration. Independently elected officials of the Town include: Supervisor Town Clerk / Collector of Taxes Council Members (4) Superintendent of Highways Town Justices (2) Units of local government which operate within the boundaries of the Town consist of the County of Erie. Public education is provided by four school districts within the Town. Basis of Presentation—Government-Wide Financial Statements While separate government-wide and fund financial statements are presented, they are interrelated. The governmental activities column incorporates data from governmental funds. Separate financial statements are provided for governmental funds and fiduciary funds, even though the latter are excluded from the government-wide financial statements. - 18 -

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. Exceptions to this general rule are payments and charges between the Town’s various functions. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned. Basis of Presentation—Fund Financial Statements The fund financial statements provide information about the government’s funds, including its fiduciary funds. Separate statements for each fund category—governmental and fiduciary—are presented. The emphasis of fund financial statements is on major governmental funds, each displayed in a separate column. All remaining governmental funds are aggregated and reported as nonmajor funds. The Town reports the following major governmental funds:  General Fund—The General Fund constitutes the primary operating fund of the Town and includes all operations of the general government, not required to be recorded in other funds. The principal source of revenue for the General Fund is non-property tax items.  Highway—Town Wide Fund—The Highway—Town Wide Fund was established pursuant to Highway Law Section 141 to account for revenues and expenditures specific to highway purposes. The principal source of revenue for the Highway—Town Wide Fund is real property taxes, non-property tax items and State aid.  Fire Protection Fund—The Fire Protection Fund is used to record all revenues and expenditures related to operation and maintenance of the fire protection in the Town. The principal source of revenue for the Fire Protection Fund is real property taxes.  Water Fund—The Water Fund is used to record all revenues and expenditures related to operation and maintenance of the Town’s water districts. The principal source of revenue for the Water Fund is real property taxes.  Garbage and Refuse Fund—The Garbage and Refuse Fund is used to record all activity related to garbage pickup and recycling within the Town. The principal source of revenue for the Garbage and Refuse Fund is real property taxes.  Capital Projects Fund—The Capital Projects fund is used to account for financial resources to be used for the acquisition and construction of major capital assets. The Town reports the following nonmajor funds: Lighting District Fund and Ambulance Fund. Additionally, the Town reports the following fund type:  Fiduciary Fund—The Custodial fund is used to account for assets held by the Town in a trustee capacity or as an agent for individuals, private organizations, other governmental units, and/or other funds. Trust funds account for resources received and disbursements made in accordance with trust agreements or applicable legislative enactments for each particular fund. Fiduciary funds include the Custodial Fund. Activities reported in the fiduciary funds include monies from outside entities, controlled and administered by the Town for the benefit of others. - 19 -

During the course of operations the Town has activity between funds for various purposes. Any residual balances outstanding at year-end are reported as due from/to other funds. While these balances are reported in fund financial statements, certain eliminations are made in the preparation of the government-wide financial statements. Balances between the funds included in governmental activities are eliminated so that only the net amount is included as internal balances in the governmental activities column. Further, certain activity occurs during the year involving transfers of resources between funds. In the fund financial statements these amounts are reported at gross amounts as transfers in/out. While reported in fund financial statements, certain eliminations are made in the preparation of the government-wide financial statements. Transfers between the funds included in governmental activities are eliminated so that only the net amount is included as transfers in the governmental activities column. Measurement Focus and Basis of Accounting The accounting and financial reporting treatment is determined by the applicable measurement focus and basis of accounting. Measurement focus indicates the type of resources being measured such as current financial resources or economic resources. The basis of accounting indicates the timing of transactions or events for recognition in the financial statements. The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. The governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the Town considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt services expenditures, as well as expenditures related to compensated absences, pensions and claims and judgments, are recorded only when payment is due. General capital asset acquisitions are reported as expenditures in governmental funds. Issuance of long-term debt are reported as other financing sources. Property taxes, non-property taxes, franchise taxes, licenses, interest and state and federal aid associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. Entitlements are recorded as revenues when all eligibility requirements are met and the amount is received during the period or within the period of availability. Expenditure driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other eligibility requirements are met and the amount is received during the period of availability. All other revenue items are considered to be measurable and available only when cash is received by the Town. The fiduciary funds are reported using the economic resources measurement focus and the accrual basis of accounting. - 20 -

Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance Cash and Cash Equivalents—The Town’s cash and cash equivalents consist of cash on hand, demand deposits, time deposits and short-term, highly liquid investments with original maturities of three months or less from the date of acquisition. New York State law governs the Town’s investment policies. Permissible investments include obligations of the United States Treasury, United States Agencies, repurchase agreements and obligations of New York State or its localities. Restricted Cash and Cash Equivalents—Restricted cash and cash equivalents represent fund balance restricted for tax stabilization, capital projects purposes, unspent debt proceeds and unearned revenues. The Town reported restricted cash and cash equivalents balances of $3,984,390 within governmental funds. Restricted Investments—The Town’s restricted investments consist of annuity contracts related to the Town’s Length of Service Award Programs (“LOSAPs”). The Town records investments at fair value based on quoted market value. Receivables—Receivables include amounts due from state and federal governments which represent amounts owed to the Town to reimburse it for expenditures incurred pursuant to state and federally funded programs. Receivables are recorded and revenues recognized as earned. Allowances are recorded when appropriate. Intergovernmental Receivables—Receivables include amounts due from state and federal governments and represent amounts owed to the Town to reimburse it for expenditures incurred pursuant to state and federally funded programs. Receivables are recorded and revenues recognized as earned. Allowances are recorded when appropriate. Prepaid Items—Certain retirement payments reflect costs applicable to future accounting periods and are recorded as prepaid items. The cost of prepaid items is recorded as expenses/expenditures when consumed rather than when purchased. Unearned Revenue—Represents unearned revenue related a New York State Energy Research and Development Authority (“NYSERDA”) grant. Capital Assets—Capital assets, which include land, buildings, improvements, machinery and equipment, right-to-use leased equipment, construction in progress, and infrastructure assets, are reported in the government-wide financial statements. Such assets are recorded at historical cost or estimated historical cost, if purchased of constructed. The reported value excludes normal maintenance and repairs, which are essentially amounts spent in relation to capital assets that do not increase the capacity or efficiency of the item or increase its estimated useful life. Donated capital assets are recorded at acquisition value. - 21 -

Land is not depreciated. The other capital assets of the Town are depreciated/amortized using the straight line method over the following estimated useful lives: Assets Years Threshold Buildings 40 $ 5,000 Improvements 20 5,000 Machinery and Equipment 3-20 1,000 Right-to-use leased equipment 5-20 5,000 Infastructure 20-50 5,000 The capital outlays character classification is employed only for expenditures reported in the Capital Projects Fund. Routine capital expenditures in the General Fund and other governmental funds are included in the appropriate functional category (for example, the purchase of a new highway vehicle included as part of expenditures—transportation). At times, amounts reported as capital outlays in the Capital Projects Fund will also include non-capitalized, project-related costs (for example, furnishings). Deferred Outflows/Inflows of Resources—In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/ expenditure) until then. At December 31, 2024, the Town has one item that qualifies for reporting in this category. This item represents the effect of the net change in the Town’s proportion of the collective net pension liability/(asset), the difference during the measurement period between the Town’s contributions and its proportionate share of the total contribution to the pension systems not included in the pension expense, and any contributions to the pension systems made subsequent to the measurement date. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. At December 31, 2024, the Town has two items that qualified for reporting in this category. The first item represents the effect of the net change in the Town’s proportion of the collective net pension liability/(asset) and the difference during the measurement periods between the Town’s contributions, and its proportionate share of the total contributions to the pension systems not included in pension expense and is reported on the government-wide statements. The second item is related to leases receivable and reported on the government-wide statements and on the balance sheet of governmental funds, is recognized at the commencement of the Town’s lease receivable and amortized over the life of the lease. Net Position Flow Assumption—Sometimes the Town will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted–net position and unrestricted–net position in the government-wide financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the Town’s policy to consider restricted-net position to have been depleted before unrestricted-net position is applied. - 22 -

Fund Balance Flow Assumptions—Sometimes the Town will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the Town’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last. Fund Balance Policies—Fund balance of governmental funds is reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The Town itself can establish limitations on the use of resources through either a commitment (committed fund balance) or an assignment (assigned fund balance). The committed fund balance classification includes amounts that can be used only for the specific purposes determined by a formal action of the Town’s highest level of decision-making authority. The Town Board is the highest level of decision-making authority for the Town that can, by Town Board resolution prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the resolution remains in place until a similar action is taken (the adoption of another resolution) to remove or revise the limitation. Amounts in the assigned fund balance classification are intended to be used by the Town for specific purposes, but do not meet the criteria to be classified as committed. The Town Board may also assign fund balance, as it does when appropriating fund balance to cover a gap between estimated revenues and appropriations in the subsequent year’s appropriated budget. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed above, an additional action is essential to either remove or revise a commitment. Revenues and Expenses/Expenditures Program Revenues—The amounts reported as program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided and 2) grants and contributions (including special assessments) that are restricted to meeting the operational or capital requirements of a particular function or segment. All taxes, including those dedicated for specific purposes, and other internally dedicated resources are reported as general revenues rather than as program revenues. Property Taxes—The Erie County Legislature prepares the levy in late December of each year and jointly bills the Town levy and Erie County real property taxes. Property taxes are levied and become a lien as of January 1st based on assessed property values as of that date. For 2024, tax payments were due January 1st to March 15th without penalty; March 16th to May 2nd had a 7.5% penalty; and 1.5% additional added each month thereafter. The tax roll is returned to the Erie County Commissioner of Finance after May 1st at which time all unpaid taxes and penalties are payable to that office. The Town retains their full tax levies for all unpaid items that are returned to the County. Thus, the Town is assured of receiving 100% of its tax levy. The County enforces all liens. - 23 -

Compensated Absences—Certain Town employees are granted vacation and sick leave and earn compensatory absences in varying amounts. Vacations and compensatory absences must be used by the end of the fiscal year in which they are earned. Employees may accumulate sick leave and are entitled to receive payment for unused sick leave in the event of termination or upon retirement. The annual budgets of the operating funds provide funding for these benefits as they become payable. Since the payment of compensated absences is dependent on many factors, the timing of future payments is not readily determinable. However, management believes that sufficient resources will be available for the payment of compensated absences when such payments become due. Retirement System Pension Plan—The Town is mandated by New York State law to participate in the New York State Local Employees’ Retirement System (“ERS”). For purposes of measuring the net pension liability/(asset) related to ERS, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the defined benefit pension plans, and changes thereof, have been determined on the same basis as they are reported by the respective defined benefit pension plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with benefit terms. Investments are reported at fair value. More information regarding pensions is included in Note 6. Length of Service Awards Program (“LOSAP”)—The Town has adopted a Service Awards Program for firefighters and ambulance workers that serve on a volunteer basis. The Program is administered by an outside agency, with the Town as trustee. More information on the Town’s defined benefit plan and pension liability related to LOSAP are included in Note 7 and Note 8. Leases—The Town has contracts which qualify as lessor and lessee relationships. The amount within lease receivables includes the lease of the Trooper Barracks building to the State Troopers. Amounts within the lease liability includes a postage machine and two office printers. Additional information regarding leases is discussed in Note 9. Other Estimates—The preparation of the financial statements, in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of revenues, expenditures, assets, liabilities, deferred outflows/inflows of resources, and disclosure of contingent assets and liabilities at the date of the financial statements during the reported period. Actual results could differ from those estimates. Adoption of New Accounting Pronouncements—During the year ended December 31, 2024, the Town implemented the remainder of GASB Statement No. 99, Omnibus 2022; No. 100, Accounting Changes and Error Corrections—an amendment of GASB Statement No. 62; and No. 101, Compensated Absences. GASB Statement No. 99 enhances comparability in accounting and financial reporting and to improve the consistency of authoritative literature by addressing practice issues related to financial guarantees and the classification and reporting of derivative instruments within the scope of Statement No. 53. GASB Statement No. 100 improves financial reporting by enhancing accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. GASB Statement No. 101 will result in a liability for compensated absences that more appropriately reflects when a government incurs an obligation. The implementation of GASB Statements No. remaining portion of 99, 100, and 101 did not have a material impact on the Town’s financial position or results from operations. - 24 -

Future Impacts of Accounting Pronouncements—The Town has not completed the process of evaluating the impact that will result from adopting; GASB No. 102, Certain Risk Disclosures, effective for the year ending December 31, 2025; No. 103, Financial Reporting Model Improvements; and No. 104, Disclosure of Certain Capital Assets, effective for the year ending December 31, 2026. The Town is, therefore, unable to disclose the impact that adopting GASB Statements No. 102, 103, and 104 will have on its financial position and results of operations when such statements are adopted. Stewardship, Compliance and Accountability Legal Compliance—Budgets—The Town follows these procedures in establishing the budgetary data reflected in the basic financial statements:  Prior to September 30th, the Town Supervisor files a “tentative” budget with the Town Clerk for the following fiscal year to commence on January 1st. This budget, which includes appropriations and estimated revenues, is then presented to the full Town Board by October 2nd.  The full Town Board reviews the tentative budget and may adjust same before approving a “preliminary” budget and calling for a public hearing, which is generally held in October.  Following the public hearing, revisions may again be made by the Town Board before filing an adopted budget with Erie County by November 20th.  Formal annual budgetary accounts are employed as a management control device for the General and Special Revenue Funds.  During the fiscal year, the Town Board can legally amend the operating budgets and is empowered to implement supplemental appropriations. Budget amendments are required for the departmental budgetary control. All budget amendments and budget transfers require Town Board approval. Deficit Fund Balance—The Town’s Capital Projects Fund reported a deficit fund balance of $1,119,316 at December 31, 2024. The Town anticipates this deficit will be remedied through future issuance of long-term debt. The primary reason for the deficit in this case is that the Town issued bond anticipation notes (“BANs”), which do not qualify for treatment as a long-term liability. Accordingly, the BANs are reported as a fund liability in the Capital Projects Fund balance sheet (rather than an inflow on the statement of revenues, expenditures, and changes in fund balances). When the cash from the BANs is spent, expenditures are reported and fund balance is reduced. Since the BANs are the main source of revenues for the fund, the result is an overall fund deficit. This deficit will be eliminated as resources are obtained (e.g., from revenues, long-term debt issuances, and transfers in) to make the scheduled debt service principal and interest payments on the BANs or retire the BANs. 2. CASH, CASH EQUIVALENTS AND INVESTMENTS The Town’s investment policies are governed by State statutes. Town monies must be deposited in FDIC-insured commercial banks or trust companies located within New York State. The Town is authorized to use demand accounts and certificates of deposit. Permissible investments include obligations of the U.S. Treasury and U.S. Agencies, repurchase agreements, and obligations of New York State or its localities. - 25 -

Collateral is required for demand deposit accounts, time deposit accounts and certificates of deposit at 100 percent of all deposits not covered by Federal deposit insurance. The Town has entered into custodial agreements with the various banks which hold their deposits. These agreements authorize the obligation that may be pledged as collateral. Obligations that may be pledged as collateral are outlined in Chapter 623 of the laws of the State of New York. Cash and cash equivalents at December 31, 2024 are presented below: Governmental Custodial Funds Funds Total Petty cash (uncollateralized) $ 500 $ - $ 500 Deposits 8,492,745 5,790 8,498,535 Total $ 8,493,245 $ 5,790 $ 8,499,035 Deposits—All deposits are carried at fair value, and are classified by custodial credit risk at December 31, 2024 as follows: Bank Carrying Balance Amount FDIC insured $ 250,000 $ 250,000 Uninsured: Collateral held by bank's agent in the Town's name 8,359,069 8,248,535 Total $ 8,609,069 $ 8,498,535 Custodial Credit Risk—Deposits—Custodial credit risk is the risk that in the event of a bank failure, the Town’s deposits may not be returned to it. As noted above, by New York State Statute all deposits in excess of FDIC insurance coverage must be collateralized. At December 31, 2024, the Town’s deposits were either FDIC insured or collateralized with securities held by the pledging bank’s agent in the Town’s name. Investment Rate Risk—In accordance with its investment policy, the Town manages exposure by limiting investments to low risk type investments governed by New York State Statute. Restricted Cash and Cash Equivalents—Restricted cash and cash equivalents represents amounts to support fund balance restrictions and amounts with constraints placed on their use by either external parties and/or statute, as well as unspent proceeds of debt and unearned revenue. At December 31, 2024, the Town reported $3,984,390 of restricted cash and cash equivalents within its governmental funds. Restricted Investments—All investments are reported using a three-level hierarchy that prioritizes the inputs used to measure fair value. This hierarchy, established by GAAP, requires that entities maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs used to measure fair value are presented below:  Level 1. Quoted prices for identical assets or liabilities in active markets to which the Town has access at the measurement date. - 26 -

 Level 2. Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include:  Quoted prices for similar assets or liabilities in active markets;  Quoted prices for identical or similar assets in markets that are not active;  Observable inputs other than quoted prices for the asset or liability (for example, interest rates and yield curves); and,  Inputs derived principally from, or corroborated by, observable market data correlation or by other means  Level 3. Unobservable inputs for the asset or liability. Unobservable inputs should be used to measure fair value to the extent that observable inputs are not available. The Town’s restricted investments consist of annuity contracts related to the Town’s Length of Service Award Programs (“LOSAP”), a defined benefit volunteer firefighter award program (see Note 7) and a defined contribution volunteer ambulance worker program (See Note 8). These annuities are guaranteed fixed annuities. The interest on each annuity varies but they are all fixed rate with a guaranteed minimum rate for a specific period. As of December 31, 2024, the Town has annuity funds that are valued using observable inputs other than quoted prices and inputs derived from observable market data correlation (level 2 input) in the amounts of $2,601,939 recorded within the Fire Protection Fund, and $691,188 recorded within the Ambulance Fund. 3. RECEIVABLES Major revenues accrued by the Town at December 31, 2024, consisted of the following: Receivables—Represents amounts due from various sources. Receivables at December 31, 2024 are: General Fund: Franchise fees $ 27,941 Misc fees 959 Total governmental funds $ 28,900 Taxes Receivable—Represents taxes due in the amount of $1,500. These amounts are recognized as revenue when the amounts are both measurable and available. At December 31, 2025, the Town reported a deferred inflow of resources on the governmental fund financial statements in the amount of $1,500, which represents taxes receivable that the Town does not expect to receive within 60 days of year-end, in accordance with the modified accrual basis of accounting. Intergovernmental Receivables—Represents amounts due from other units of government, such as Federal, New York State, County of Erie or other local governments. Intergovernmental receivables at December 31, 2024 are presented on the following page. - 27 -

General Fund: New York State—Trooper Rent $ 8,247 Erie County 1,000 Various Town Departments 27,791 $ 37,038 Highway—Town Wide Fund: Various Town Departments 77,312 Garbage and Refuse Fund: Various Town Departments 211 Total $ 114,561 Lease Receivable—The Town recognizes a lease of a building to a third party. The lease has ten remaining years and the Town receives monthly payments of $8,247 starting in November 2024. The monthly payment prior to November 2024 was $7,400. The Town recognized $59,368 in lease revenue and $30,279 in interest revenue during the current fiscal related to this lease. As of December 31, 2024 the Town’s receivable for lease payments was $710,959. Also, the Town has a deferred inflow of resources associated with this lease that will be recognized as revenue over the lease term. As of December 31, 2024 the balance of the deferred inflow of resources was $560,190. 4. CAPITAL ASSETS Capital asset activity for the Town’s governmental activities for the year ended December 31, 2024 was as follows: Balance Balance 1/1/2024 Increases Decreases 12/31/2024 Capital assets, not being depreciated: Land 203,600 - - 203,600 Construction work in progress 1,990,292 631,712 (1,989,149) 632,855 Total capital assets, not being depreciated 2,193,892 631,712 (1,989,149) 836,455 Capital assets, being depreciated/amortized: Buildings 4,569,209 515,348 - 5,084,557 Improvements other than buildings 1,178,658 117,034 - 1,295,692 Machinery & equipment 3,348,742 199,358 (11,495) 3,536,605 Right-to-use leased equipment 22,380 - - 22,380 Infrastructure 1,270,798 1,390,601 - 2,661,399 Art and historical treasures 1,140 4,365 - 5,505 Total capital assets, being depreciated/amortized 10,390,927 2,226,706 (11,495) 12,606,138 Less accumulated depreciation/amortization for: Buildings (2,395,858) (55,567) - (2,451,425) Improvements other than buildings (277,941) (58,933) - (336,874) Machinery & equipment (2,161,770) (135,599) 10,456 (2,286,913) Right-to-use leased equipment (9,743) (4,347) - (14,090) Infrastructure (736,671) (19,565) - (756,236) Art and historical treasures (82) (70) - (152) Total accumulated depreciation/amortization (5,582,065) (274,081) 10,456 (5,845,690) Total capital assets, being depreciated/amortized, net 4,808,862 1,952,625 (1,039) 6,760,448 Total capital assets, net $ 7,002,754 $ 2,584,337 $ (1,990,188) $ 7,596,903 - 28 -

5. ACCRUED LIABILITIES Accrued liabilities reported by governmental funds at December 31, 2024 were as follows: Highway— Total General Town-Wide Governmental Salary and Employee Benefits $ 26,793 $ 21,485 $ 48,278 6. RETIREMENT SYSTEM PENSION PLAN Plan Description and Benefits Provided New York State and Local Employees’ Retirement System (“ERS”)—The Town participates in the ERS, a cost-sharing multiple-employer retirement system (the “System”). The System provides retirement benefits as well as death and disability benefits. The net position of the Systems are held in the New York State Common Retirement Fund (the “Fund”), which was established to hold all assets and record changes in fiduciary net position allocated to the Systems. The Comptroller of the State of New York serves as the trustee of the Fund and is the administrative head of the Systems. System benefits are established under the provisions of the New York State Retirement and Social Security Law (“NYSRSSL”). Once a public employer elects to participate in the System, the election is irrevocable. The New York State Constitution provides that pension membership is a contractual relationship and plan benefits cannot be diminished or impaired. Benefits can be changed for future members only be enactment of a State statute. The Town also participates in the Public Employees’ Group Life Insurance Plan (“GLIP”), which provides death benefits in the form of life insurance. ERS is included in the State’s financial report as a pension trust fund. That report, including information with regard to benefits provided, may be found at www.osc.state.ny.us/retire/publications/index.php or obtained by writing to the New York State and Local Retirement System, 110 State Street, Albany, NY 12244. The System is noncontributory except for employees who joined after July 27, 1976, who contribute three percent (3%) of their salary for the first ten years of membership, and employees who joined on or after January 10, 2010 who generally contribute three percent (3%) to three and one half percent (3.5%) of their salary for their entire length of service. In addition, employee contribution rates under ERS Tier VI vary based on a sliding salary scale. The Supervisor annually certifies the actuarially determined rates expressly used in computing the employers’ contributions based on salaries paid during the System’s fiscal year ending March 31. Pension Liability, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions—At December 31, 2024, the Town reported the following liability for its proportionate share of the net pension liability for ERS as shown on the following page. The net pension liability was measured as of March 31, 2024. The total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of April 1, 2023, with updated procedures used to roll forward the total pension liability to the measurement date. The Town’s proportion of the net pension liability was based on a projection of the Town’s long-term share of contributions to the System relative to the projected contributions of all participating members, actuarially determined. This information was provided by the System in reports provided to the Town. - 29 -

ERS Measurement date March 31, 2024 Net pension liability $ 496,713 Town's portion of the Plan's total net pension liability 0.0033735% For the year ended December 31, 2024, the Town recognized a pension expense of $223,424 for the ERS. At December 31, 2024, the Town reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Outflows Deferred Inflows of Resources of Resources Differences between expected and actual experiences $ 159,991 $ 13,544 Changes of assumptions 187,796 - Net difference between projected and actual earnings on pension plan investments - 242,642 Changes in proportion and differences between the Town's contributions and proportionate share of contributions 10,323 22,740 Town contributions subsequent to the measurement date 125,351 - Total $ 483,461 $ 278,926 The Town’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending December 31, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Year Ending December 31, ERS 2025 $ (97,536) 2026 88,742 2027 142,414 2028 (54,436) Actuarial Assumptions—The total pension liability as of the measurement date was determined by using the actuarial valuation as noted in the table on the following page, with update procedures used to roll forward the total pension liability to the measurement date. The actuarial valuation used the actuarial assumptions on the following page. - 30 -

ERS Measurement date March 31, 2024 Actuarial valuation date April 1, 2023 Interest rate 5.9% Salary scale 4.4% Decrement tables April 1, 2015- March 31, 2020 Inflation rate 2.9% Cost-of-living adjustments 2.5% Annuitant mortality rates are based on April 1, 2015 – April 1, 2020 System’s experience with adjustments for mortality improvements based on Society of Actuaries’ Scale MP-2021. The actuarial assumptions used in the April 1, 2023 valuation are based on the results of an actuarial experience study for the period April 1, 2015 – April 1, 2020. The long-term rate of return on pension plan investments was determined using a building block method in which best estimate ranges of expected future real rates of return (expected returns net of investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long term expected rate of return by weighting the expected future real rates of return by each the target asset allocation percentage and by adding expected inflation. Best estimates of the arithmetic real rates of return for each major asset class included in the target asset allocation are summarized below: ERS Long-Term Expected Target Allocation Real Rate of Return Measurement date March 31, 2023 Asset class: Domestic equities 32.0 % 4.0 % International equities 15.0 6.7 Private equity 10.0 7.3 Real estate 9.0 4.6 Opportunistic/Absolute return strategies 3.0 5.3 Credit 4.0 5.4 Real assets 3.0 5.8 Fixed income 23.0 1.5 Cash 1.0 0.3 Total 100 % Discount Rate—The discount rate used to calculate the total pension liability was 5.9%. The projection of cash flows used to determine the discount rate assumes that contributions from plan members will be made at the current contribution rates and that contributions from employers will be made at statutorily required rates, actuarially. Based upon the assumptions, the Systems’ fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore the long term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. - 31 -

Sensitivity of the Proportionate Share of the Net Pension Liability/(Asset) to the Discount Rate Assumption—The chart below presents the Town’s proportionate share of the net pension liability/(asset) calculated using the discount rate of 5.9%, as well as what the Town’s proportionate share of the net pension liability/(asset) would be if it were calculated using a discount rate that is one percentage-point lower (4.9%) or one percentage-point higher (6.9%) than the current assumption. 1% Current 1% Decrease Assumption Increase ERS (4.9%) (5.9%) (6.9%) Employer's proportionate share of the net pension liability/(asset) $ 1,561,716 $ 496,713 $ (392,786) Pension Plan Fiduciary Net Position—The components of the current-year net pension (asset) of the employers as of the respective valuation date, were as follows: ERS (Dollars in Thousands) Valuation date April 1, 2023 Employers' total pension liability $ 240,696,851 Plan fiduciary net position 225,972,801 Employers' net pension (asset) $ 14,724,050 System fiduciary net position as a percentage of total pension liability 93.9% 7. PENSION OBLIGATIONS—LOSAP Plan Description—The Town established a defined benefit LOSAP plan for the active volunteer firefighters of the Boston Volunteer Fire Company, North Boston Volunteer Fire Company, and Patchin Volunteer Fire Company. The Program was established pursuant to Article 11-A of the General Municipal Law. The program provides municipally-funded pension like benefits to facilitate the recruitment and retention of active volunteer firefighters. The Town is the sponsor of the program. Certain information contained in this note is based on data as of December 31 2023, with a valuation date of January 1, 2024, for which complete information is available. Participation, Vesting and Service Credit—Active volunteer firefighters in the Town of Boston are those who have reached the age of 18 and who have completed one year of firefighting service are eligible to participate in the program. Under the defined benefits plan, participants acquire a non- forfeitable right to a service award after being credited with five years of firefighting service or upon attaining the program's entitlement age. The program's entitlement age is age 65. A participant may also receive credit for five years of firefighting service rendered prior to the establishment of the program. Under the defined contribution plan, participants acquire a non-forfeitable right to a service award upon attaining the program’s entitlement age of 65. - 32 -

Benefits—A participant’s benefit under the defined benefits plan is the life annuity, with ten years certain, equal to $20 multiplied by the person’s total number of years of firefighting service. The number of years of firefighting service used to compute the benefit cannot exceed forty (including any Prior Service Credit). Except in the case of disability or death, benefits are payable when a participant reaches entitlement age. Participants Covered by the Benefit Terms—At the December 31, 2023, measurement date, the participants covered by the benefit terms were as follows: Inactive participants currently receiving benefit payments 93 Inactive participants entitled to but not yet receiving benefit payments 37 Active participants 58 Total 188 Contributions—New York State General Municipal Law §219(d) requires the Town to contribute an actuarially determined contribution on an annual basis. The actuarially determined contribution shall be appropriated annually by the Town. Trust Assets—although assets have been accumulated in an irrevocable trust such that the assets provide pensions to plan members in accordance with benefit terms, the trust assets are not legally protected from creditors of the Town. As such, the trust assets do not meet the criteria in paragraph 4 of GASB Statement No. 73. Measurement of Total Pension Liability The total pension liability at the December 31, 2023 measurement date was determined using an actuarial valuation as of that date. Actuarial Assumptions—The total pension liability in the December 31, 2023 measurement date was determined using the following actuarial assumptions, applied to all periods included in the measurement: Actuarial Cost Method: Entry Age Normal Inflation: 0.00% Salary Scale: None assumed Mortality rates were based on the RP 2014 Male/Female Mortality Table without projection for mortality improvement. Discount Rate—The discount rate used to measure the total pension liability was 4.00%. This was the yield to maturity of the S&P Municipal Bond 20 Year High Grade Rate Index as of the December 31, 2023 measurement date. In describing this index, S&P Dow Jones Indices notes that the index consists of bonds in the S&P Municipal Bond Index with a maturity of 20 years and with a rating of at least Aa2 by Moody’s Investors Service’s, AA by Fitch, or AA by Standard & Poor’s Rating Services. Changes in the Total Pension Liability—The table presented on the following page shows the changes to the total pension liability during the previous fiscal year, by source. - 33 -

Total Pension Liability Balance as of 12/31/2022 measurement date $ 6,277,611 Changes for the year: Service cost 141,249 Interest 268,019 Changes of assumptions or other inputs 485,827 Differences between expected and actual experience 17,701 Benefit payments (404,926) Net changes 507,870 Balance as of 12/31/2023 measurement date $ 6,785,481 Sensitivity of the Total Pension Liability to changes in the Discount Rate—The following presents the total pension liability of the Town as of the December 31, 2023 measurement date, calculated using the discount rate of 4.00 percent, as well as what the Town’s total pension liability would be if it were calculated using a discount rate that is one percentage point lower (3.00 percent) or one percentage point higher (5.00 percent) than the current rate: 1% Current 1% Decrease Discount Rate Increase (3.00%) (4.00%) (5.00%) Total pension liability $ 7,684,337 $ 6,785,481 $ 6,045,605 Pension Expense and Deferred Outflows of Resources Related to Pension—For the year ended December 31, 2024, the Town recognized pension expense of $415,550. At December 31, 2024, the Town reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Differences between expected and actual experience $ 162,333 $ 19,145 Changes of assumptions or other inputs 858,639 1,339,315 Benefit payments subsequent to measurement date 409,852 - Total $ 1,430,824 $ 1,358,460 The Town’s contributions subsequent to the measurement date will be recognized as a reduction of the pension liability in the year ending December 31, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense on the following page. - 34 -

Year Ending December 31, 2025 $ (3,546) 2026 (3,546) 2027 (120,300) 2028 (210,097) The Town accounts for service award program assets within its Fire Protection Fund. The fair value of these program assets as of December 31, 2024 is $2,601,939. 8. PENSION OBLIGATIONS—EMS LOSAP Plan Description—The Town established a defined contribution Length of Service Awards Program the (“LOSAP”) for the active ambulance volunteers of the Boston Emergency Squad. The Program was established pursuant to Article 11-A of the General Municipal Law. The program provides municipally-funded pension-like benefits to facilitate the recruitment and retention of active volunteer ambulance workers. The Town is the sponsor of the program. Program Description— Participation, vesting and service credit—Active volunteers are eligible to participate in the program and become fully vested upon earning five years of service credits or upon being awarded a total and permanent disability. The program’s entitlement age is sixty and the maximum service credit allowable is forty years. Benefits—A participant’s benefit under the program is equal to $700 per year of service. The program provides statutorily mandated death and disability benefits. Fiduciary Investment and Control—Service credit is determined by the governing board of the sponsor, based on information certified to the governing board by the Emergency Squad. The governing board of the sponsor has retained and designated Penflex, Inc. to assist in the administration of the program. Program assets are required to be held in trust by LOSAP legislation, for the exclusive purpose of providing benefits to participants and their beneficiaries or for the purpose of defraying the reasonable expenses of the operation and administration of the program. Authority to invest program assets is vested in the Investment Committee. Subject to restrictions in the program document, program assets are invested in accordance with a statutory “prudent person” rule. The sponsor is required to retain an actuary to determine the amount of the sponsor’s contributions to the plan. The actuary retained by the sponsor for this purpose is Penflex, Inc. Portions of the following information are derived from the most recent report prepared by the actuary, dated December 31, 2024. - 35 -

Program Financial Condition Asset Reconciliation Balance at January 1, 2024 $ 646,058 Changes during the year: Add: Plan contributions 8,155 Interest 84,565 Less: Participant distributions (47,590) Balance at December 31, 2024 $ 691,188 Contributions and Administrative Fees The actuary determined that the Town contributions owed during the 2024 calendar year totaled $8,155. Administrative and Trustee Fees taken out of the account during the year ending December 31, 2024 were $4,600 with an additional $42,990 of distributions made to beneficiaries. Plan Assets The Town accounts for service award program assets within its Ambulance Fund. The fair value of these program assets as of December 31, 2024 is $691,188. 9. LEASES Lease Receivables—The Town recognizes a lease receivable and a deferred inflow of resources for a noncancellable lease of buildings measured at the present value of the remaining lease payments expected to be received during the lease terms. At the commencement of a lease, the Town initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term. Key estimates and judgments related to leases include how the Town determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments.  The Town uses its estimated incremental borrowing rate as the discount rate for leases.  The lease terms include the noncancellable period of the lease.  Lease receipts included in the measurement of the lease receivable is composed of fixed payments from the lessee. - 36 -

As the lessor, the Town recognizes a long-term lease receivable and deferred inflow of resources for the use of the Trooper Barracks Building by the state police. The lease agreement runs for 20 years starting December 1, 2009 and ending November 30, 2029 with a five year renewal option beginning on December 1, 2029 and ending November 30, 2034. The agreement states that the remaining monthly payments will be $7,400 per month through November 30, 2024, $8,247 per month through November 30, 2029, and then if the renewal is granted, the additional five-year term will be negotiated at the time of the renewal request. As the Town built this building as part of the lease agreement, to the specifications agreed upon with the lessee, the Town reasonably expects the lease agreement to be renewed and thus includes the five-year renewal as part of the lease term. The discount rate applied to this lease is 3.5% as determined by the bond issued to finance the construction of the building. The value of the lease receivable as of December 31, 2024 is $710,959. The value of the deferred inflow of resources is $560,190 at December 31, 2024. Fiscal Year Ending December 31, Principal Interest Total 2025 $ 61,659 $ 37,305 $ 98,964 2026 63,852 35,112 98,964 2027 66,123 32,841 98,964 2028 68,474 30,490 98,964 2029 70,910 28,054 98,964 2030 and thereafter 379,941 98,384 478,325 Total $ 710,959 $ 262,186 $ 973,145 Lease Payable—The Town is a lessee for various leases of equipment. The Town recognizes a lease liability and an intangible right-to-use lease asset in the financial statements. The Town recognizes leases liabilities if they are considered significant individually or in the aggregate to the financial statements. Key estimates and judgments related to leases include how the Town determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments.  The Town uses interest rates charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the Town generally uses its estimated incremental borrowing rate as the discount rate for leases.  The lease terms include the noncancellable period of the lease. Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the Town is reasonably certain to exercise.  Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that Town is reasonably certain to exercise. The Town monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the right-to-use asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability. Right-to-use assets are reported with other capital assets and lease liabilities are reported with long- term debt on the statement of net position. - 37 -

As of December 31, 2024, the value of the lease liability was $8,738. The Town is required to make annual principal and interest payments on the equipment ranging from $1,931 to $2,834. The leases have imputed interest rates of 3.5%. The value of the right-to-use lease assets as of the end of the current fiscal year was $22,380 and had accumulated amortization of $14,090. The future principal and interest payments as of December 31, 2024, were as follows: Fiscal Year Ending December 31, Principal Interest Total 2025 4,523 242 4,765 2026 3,260 87 3,347 2027 955 10 965 Total $ 8,738 $ 339 $ 9,077 10. RISK MANAGEMENT The Town is exposed to various risks of loss related to damage and destruction of assets, vehicle liability, and injuries to employees, health insurance and unemployment insurance. These risks are covered by commercial insurance purchased from independent third parties. There have not been any significant changes in any type of insurance coverage from the prior year, nor have there been any settlements which have exceeded commercial insurance coverage in the past three fiscal years. The Town purchases insurance for: general property and liability, municipal crime, automobile, public officials liability, law enforcement liability, contractor’s protective liability, excess catastrophe liability, inland marine, electronic equipment, and ground pollution relating to fuel storage tanks. General property is insured at a full replacement cost agreed upon at $12,504,805. A Builder’s Risk endorsement was added in the amount of $450,000 on the North Boston Pavilion. General liability insurance is limited to $1 million per occurrence, with a general aggregate $3 million limit. General liability has an add on rider for network security loss with an annual aggregate of $250,000. Municipal crime coverage ranges from $25,000 to $400,000 per occurrence. Automobile insurance is limited to $1 million per accident. Public Officials Liability, Law Enforcement Liability, and Contractor’s Protective Liability are all limited to $1 million per occurrence and $2 million in the aggregate. Excess catastrophe liability is limited to $3 million per occurrence and $6 million in the aggregate. Inland marine has various limits for each individually scheduled property and equipment with a total largest individual limit of $1.57 million. Fuel storage tanks have a ground pollution liability of $1 million. A Cyber Policy was added with limits from $50,000 to $1 million per occurrence. 11. SHORT-TERM DEBT Liabilities for Bond Anticipation Notes (“BANs”) are generally accounted for in the Capital Projects Fund. State law requires that BANs issued for capital purposes be converted to long-term obligations within five years after the original issue date. However, BANs issued for assessable improvement projects may be renewed for period’s equivalent to the life of the permanent financing, provided that annual reductions of principal are made. - 38 -

The following shows a summary of the Town’s short-term debt for the year ended December 31, 2024. Interest Maturity Balance Balance Description Rate Date 1/1/2024 Issues Redemptions 12/31/2024 2023 Bond Anticipation Note 3.67% 10/3/2025 $ 1,013,790 $ - $ 26,790 $ 987,000 2024 Bond Anticipation Note 3.67% 10/3/2025 - 2,771,000 - 2,771,000 Total $ 1,013,790 $ 2,771,000 $ 26,790 $ 3,758,000 12. LONG-TERM LIABILITIES In the government-wide financial statements, long-term debt and other long-term obligations are reported as noncurrent liabilities in the government-wide financial statements. In the fund financial statements, the unmatured principal of general long-term debt does not require current appropriation and expenditure of governmental fund financial resources. The Town’s outstanding long-term liabilities include serial bonds, installment purchase debt, lease liability, compensated absences, net pension liability—ERS and total pension liability—LOSAP. The serial bonds of the Town are secured by its general credit and revenue raising powers, as per State statute. A summary of changes in the Town’s long-term liabilities at December 31, 2024 is presented below: Balance Balance Due Within 1/1/2024 Additions Reductions 12/31/2024 OneYear Serial bonds $ 4,231,151 $ - $ 171,751 $ 4,059,400 $ 176,550 Installment purchase debt 13,926 - 13,926 - - Lease liability 13,106 - 4,368 8,738 4,523 Compensated absences* 188,822 25,997 35,534 179,285 17,928 Net pension liability—ERS* 751,475 - 254,762 496,713 - Total pension liability—LOSAP* 6,277,611 912,796 404,926 6,785,481 - Total $ 11,476,091 $ 938,793 $ 885,267 $ 11,529,617 $ 199,001 (*Reductions to the compensated absences and pension liability related to ERS and LOSAP are shown net of additions.) Serial Bonds—The Town issued general obligation bonds to provide funds for the acquisition, construction, and renovation of major capital facilities. General obligation bonds have been issued for governmental activities. General obligation bonds are direct obligations and pledge the full faith and credit of the Town. These bonds generally are issued as serial bonds with equal amounts of principal maturing each year with original maturities that range from 10 to 38 years. Principal is paid annually, interest is paid semi-annually; these payments are recorded in the associated fund, either being the General Fund or Water Fund. A summary of additions and payments for the year ended December 31, 2024, is presented on the following page. - 39 -

Year of Balance Balance Due Within Description Issue/Maturity Original Issue Interest Rate 1/1/2024 Additions Payments 12/31/2023 One Year General Fund 2012 Troopers Barracks 2012/2034 1,000,000 3.50% $ 590,000 $ - $ 45,000 $ 545,000 $ 45,000 Total General Fund 590,000 - 45,000 545,000 45,000 Water Fund 2012 Water #3 Cole Road 2012/2032 125,000 2.80% 56,250 - 6,250 50,000 6,250 2005 Water Rural LT #1 2005/2040 2,168,500 4.13% 1,719,000 - 71,700 1,647,300 74,700 2010 Water District #3 2010/2048 2,394,000 3.00% 1,865,901 - 48,801 1,817,100 50,600 Total Water Fund 3,641,151 - 126,751 3,514,400 131,550 Total governmental activities $ 4,231,151 $ - $ 171,751 $ 4,059,400 $ 176,550 A default will have occurred if the payment of principal or interest are not paid when due and payable. Upon default in payment in full of the principal of or interest on the bonds, a holder of such defaulted bond has a contractual right to sue the Town of the amount then due thereon. The Town does not have any lines of credit. Lease Liability—The Town holds long-term capital leases for various equipment. The outstanding balance at December 31, 2024 was $8,738 Refer to note 9 for additional information related to the Town’s leases. Compensated Absences—As described in Note 1, the Town records the value of compensated absences in the government-wide financial statements. The annual budgets of the respective funds of which the employees’ payroll is recorded provide for these benefits as they become due. Typically, the Highway—Town Wide Fund have been used in prior years to liquidate the current liability. The liability for compensated absences at December 31, 2024 amounts to $179,285. While the payments of compensated absences are dependent upon many factors, the Town has estimated that $17,928 will become due within one year. Since payment of compensated absences is dependent upon many factors, the timing of future payments is not readily available. Pension Liabilities—The Town reports liabilities for its proportionate share of the net pension liability for the Employees’ Retirement System of $496,713 and the total pension liability for LOSAP of $6,785,481. Refer to Notes 6 and 7 for additional information related to the Town’s pension liability. A maturity schedule of the Town’s indebtedness is presented below: Year Ending Serial Lease Compensated Net Pension Total Pension December 31, Bonds Liability Absences Liability—ERS Liability—LOSAP Total 2025 176,550 $ 4,523 $ 17,928 $ - $ - $ 199,001 2026 186,450 3,260 - - - 189,710 2027 191,450 955 - - - 192,405 2028 196,750 - - - - 196,750 2029 207,150 - - - - 207,150 2030-2034 1,133,150 - - - - 1,133,150 2035-2039 989,900 - - - - 989,900 2040-2044 581,000 - - - - 581,000 2045 and Thereafter 397,000 - 161,357 496,713 6,785,481 7,840,551 Total $ 4,059,400 $ 8,738 $ 179,285 $ 496,713 $ 6,785,481 $ 11,529,617 - 40 -

Interest requirements on serial bonds payable is as follows: Year ending Serial December 31, Bonds 2025 $ 142,424 2026 135,500 2027 128,544 2028 122,013 2029 114,883 2030-2034 458,428 2035-2039 266,909 2040-2044 105,977 2025 and thereafter 29,966 Total $ 1,504,644 13. NET POSITION AND FUND BALANCE The government-wide financial statements utilize a net position presentation. Net position is categorized as net investment in capital assets, restricted and unrestricted.  Net Investment in Capital Assets—This category groups all capital assets including infrastructure, into one component of net position. Accumulated depreciation and the outstanding balances of debt that are attributable to the acquisition, construction or improvement of these assets reduce the balance in this category. A reconciliation of the Town’s governmental activities net investment in capital assets is presented below: Capital assets, net of accumulated depreciation $ 7,596,903 Related debt: Serial bonds $ (4,059,400) Bond anticipation notes issued (3,758,000) Unspent proceeds from debt 2,645,500 Lease liability (8,738) Debt issued and used for capital assets $ (5,180,638) Accounts payable (6,816) Net investment in capital assets $ 2,409,449  Restricted Net Position—This category presents external restrictions imposed by creditors, grantors, contributors, or laws and regulations of other governments and restrictions imposed by law through constitutional provisions and enabling legislation.  Unrestricted Net Position—This category represents the net position of the Town not restricted for any project or other purpose. In the fund financial statements, nonspendable amounts represent net current financial resources that cannot be spent because they are either not in spendable form or legally or contractually required to be maintained intact. Nonspendable fund balance maintained by the Town at December 31, 2024 is presented on the following page. - 41 -

 Prepaid Items—Representing the portion of fund balance, $35,242 and $15,042 composed of prepaid items for the General Fund and the Highway—Town Wide Fund, respectively. This balance is nonspendable as the balance does not represent an available source. In the fund financial statements, restricted fund balances are amounts constrained to specific purposes (such as creditors, grantors, contributors, or laws and regulations of other governments) through constitutional provisions or by enabling legislation. Restricted fund balances of the Town at December 31, 2024 are presented below: General Highway—Town Fire Protection Water Ambulance Fund Wide Fund Fund Fund Fund Total LOSAP $ - $ - $ 2,601,939 $ - $ 691,188 $ 3,293,127 Capital projects 391,047 317,538 - - 139,076 847,661 Debt - - - 387,651 - 387,651 Tax stabilization 92,724 - - - - 92,724 Total $ 483,771 $ 317,538 $ 2,601,939 $ 387,651 $ 830,264 $ 4,621,163  Restricted for LOSAP—Represents monies, $3,293,127 held for the Town’s LOSAP.  Restricted for Capital Projects—Represents $391,047 in the General Fund, $317,538 in the Highway—Town Wide Fund and $139,076 in the Ambulance Fund to be used for construction, reconstruction and/or the acquisition of capital improvements and equipment.  Restricted for Debt—Represents $387,651 in the Water Fund, restricted for the reduction of future debt service requirements.  Restricted for Tax Stabilization—Represents $92,724 in the General Fund set aside to lessen or prevent projected increases in excess of 2.5% of the real property tax levy. In the fund financial statements, commitments are amounts that are subject to a purpose constraint imposed by a formal action of the Town’s highest level of decision-making authority. At December 31, 2024, the Town reported no committed fund balance. In the fund financial statements, assignments are not legally required segregations but are subject to a purpose constraint that represents an intended use established by the Town Board. The purpose of the assignment must be narrower than the purpose of the General Fund, and in funds other than the General Fund, assigned fund balance represents the residual amount of fund balance. At December 31, 2024, the fund balances shown below were considered to be assigned. Highway Fire Nonmajor General Town Wide Protection Water Refuse Governmental Fund Fund Fund Fund Fund Funds Total Subsequent year's expenditures $ 509,330 $ 153,433 $ 26,773 $ 68,788 $ - $ 3,673 $ 761,997 Encumbrances 18,045 171,261 - - - - 189,306 Specific use - 751,991 150,703 681,313 200,742 100,927 1,885,676 Total $ 527,375 $ 1,076,685 $ 177,476 $ 750,101 $ 200,742 $ 104,600 $ 2,836,979 - 42 -

 Assigned to Subsequent Year’s Expenditures—Represents available fund balance being appropriated to meet expenditure requirements in the 2025 fiscal year.  Assigned to Encumbrances—Represents commitments related to unperformed contracts or purchase orders for goods or services.  Assigned to Specific Use—Represents fund balance within the special revenue funds that is assigned for a specific purpose. The assignment’s purpose relates to each fund’s operations and represents amounts within funds that are not restricted or committed. Unassigned fund balance represents the residual classification of the government’s General Fund surplus and the Capital Projects Fund deficit. If the Town must use funds for emergency expenditures, the Board shall authorize the Supervisor to expend funds first from funds classified under GASB as nonspendable (if the funds become available) then restricted funds. The use of committed and assigned funds as classified by GASB will occur after the exhaustion of available restricted funds. Finally, if no other funds are available, the Town will use unassigned fund balance. 14. INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables are short term in nature and exist because of temporary advances or payments made on behalf of other funds. All interfund balances are expected to be collected/paid within the ensuing year. Interfund transfers are routine annual events for both the budget and accounting process and are necessary to present funds in their proper fund classification. Interfund transfers as of the year ended December 31, 2024 consisted of the following: Transfers In Transfers Out General Fund $ - $ 331,563 Water Fund 2,706 26,790 Fire Protection Fund 134,624 Capital Projects Fund 223,729 2,706 Total $ 361,059 $ 361,059 In 2024, the transfer in of $134,624 in the Fire Protection Fund represents excess sales tax that was received in the general fund to contribute to the Fire LOSAP. $181,151 was related to ARPA and transferred from the General Fund to the Capital Projects Fund. $15,788 was a General Fund transfer to the Capital Projects fund. $2,706 was a BAN premium transferred to the Water Fund to paydown debt. $26,790 represents interest owed to the General Fund based on borrowing from the General Fund before the BAN financing. 15. LABOR CONTRACTS Certain Town employees are represented by one bargaining unit, with the balance governed by Town Board rules and regulations. The International Operating Engineers Local 17 AFL-CIO bargaining unit has a negotiated contract in place through December 31, 2026. - 43 -

16. COMMITMENTS Encumbrances—Encumbrances are commitments related to unperformed (executory) contracts for goods or services (i.e., purchase orders, contracts, and commitments). Encumbrance accounting is utilized to the extent necessary to assure effective budgetary control and accountability and to facilitate effective cash planning and control. While all appropriations and encumbrances lapse at year-end, valid outstanding encumbrances (those for which performance under the executory contract is expended in the next year) are re-appropriate and become part of the subsequent year’s budget pursuant to state regulations. The Town considers encumbrances significant if they are in excess of $10,000. At December 31, 2024, the Town encumbered the following significant encumbrances: Fund Description Amount Highway—Town Wide Fund Snowplow $ 171,261 Ambulance Fund Ambulance 137,664 Total 308,925 17. CONTINGENCIES Litigation—The Town is involved in litigation in the ordinary course of its operations. The Town believes that its ultimate liability, if any, in connection with these matters will not have a material effect on the Town’s financial condition or results of operations. Grants—In the normal course of operations, the Town receives grant funds from various Federal and State agencies. These grant programs are subject to audit by agents of the granting authority, the purpose of which is to ensure compliance with conditions precedent to the granting of funds. Any disallowed expenditures resulting from such audits could become a liability of the governmental funds. While the amount of any expenditures which may be disallowed cannot be determined at this time, management expects any amounts to be immaterial. Assessments—The Town is a defendant in various litigation under Article 7 of the Real Property Tax Law of the State of New York to review tax assessments. While the Town vigorously defends assessments, the likelihood of success is on a case by case basis, and is dependent upon various factors including market values and appraised amounts. Management believes that the level of potential losses on these cases, if any, would be immaterial and no provisions have been made within the financial statements. 18. SUBSEQUENT EVENTS Management has evaluated subsequent events through August 4, 2026, which is the date the financial statements are available for issuance, and have determined, except as disclosed above, there are no subsequent events that require disclosure under generally accepted accounting principles. ***** - 44 -

TOWN OF BOSTON, NEW YORK Schedule of the Town’s Proportionate Share of the Net Pension Liability/(Asset)—Employees’ Retirement System Last Ten Fiscal Years* Year Ended December 31, 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Measurement date March 31, 2024 March 31, 2023 March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019 March 31, 2018 March 31, 2017 March 31, 2016 March 31, 2015 Town's proportion of the net pension liability/(asset) 0.0033735 0.0035044 0.0034817 0.0035678 0.0034152 0.0023006 0.0028410 0.0031269 0.0030931 0.0034356 Town's proportionate share of the net pension liability/(asset) $ 496,713 $ 751,475 $ (284,613) $ 3,553 $ 904,375 $ 163,008 $ 91,691 $ 293,813 $ 496,444 $ 116,062 Town's covered payroll 1,168,583 1,154,938 1,077,652 964,410 942,097 $ 893,282 $ 601,078 $ 668,374 $ 650,874 $ 635,603 Town's proportionate share of the net pension liability as a percentage of its covered payroll 42.5% 65.1% -26.4% 0.4% 96.0% 18.2% 15.3% 44.0% 76.3% 18.3% Plan fiduciary net position as a percentage of the total pension liability 93.9% 90.8% 103.7% 100.0% 86.4% 96.3% 98.2% 94.7% 90.7% 97.9% - 45 -

TOWN OF BOSTON, NEW YORK Schedule of the Town’s Contributions— Employees’ Retirement System Last Ten Fiscal Years Year Ended December 31, 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Contractually required contribution $ 160,377 $ 133,706 $ 121,681 $ 139,250 $ 130,174 $ 130,693 $ 112,213 $ 125,501 $ 126,517 $ 135,576 Contributions in relation to the contractually required contribution (160,377) (133,706) (121,681) (139,250) (130,174) (130,693) (112,213) (125,501) (126,517) (135,576) Contribution deficiency (excess) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Town's covered payroll 1,316,387 1,162,389 1,140,338 1,017,266 963,132 $ 938,679 $ 862,312 $ 401,820 N/A N/A Contributions as a percentage of covered payroll 12.2% 11.5% 10.7% 13.7% 13.5% 13.9% 14.7% 31.2% 14.7% 20.0% - 46 -

TOWN OF BOSTON, NEW YORK Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—General Fund Year Ended December 31, 2024 Budgeted Amounts Actual Variance with Original Final Amounts Final Budget REVENUES Real property taxes and tax items 156,900 156,900 $ 168,136 $ 11,236 Non-property tax items 1,085,000 1,085,000 1,090,738 5,738 Departmental income 14,800 14,800 17,528 2,728 Use of money and property 110,994 194,994 204,080 9,086 Licenses and permits 31,400 31,400 59,397 27,997 Fines and forfeitures 175,000 175,000 181,766 6,766 Sale of property and compensation for loss - - 7,909 7,909 Miscellaneous - - 13,399 13,399 State aid 234,689 244,689 220,684 (24,005) Federal aid - 181,151 181,151 - Total revenues 1,808,783 2,083,934 2,144,788 60,854 EXPENDITURES Current: General government support 1,118,654 1,098,380 969,196 129,184 Public safety 125,760 125,860 117,720 8,140 Transportation 156,293 168,738 165,802 2,936 Economic assistance and opportunity 48,785 48,985 46,855 2,130 Culture and recreation 307,284 385,995 361,274 24,721 Home and community services 208,780 232,080 198,191 33,889 Employee benefits 281,000 280,400 271,580 8,820 Debt service: Principal 45,000 45,000 49,367 (4,367) Interest and other fiscal charges 20,135 20,135 20,532 (397) Total expenditures 2,311,691 2,405,573 2,200,517 205,056 Deficiency of revenues over expenditures (502,908) (321,639) (55,729) 265,910 OTHER (USES) Transfers out - (331,563) (331,563) - Total other (uses) - (331,563) (331,563) - Net change in fund balances* (502,908) (653,202) (387,292) 265,910 Fund balances—beginning 2,939,496 2,939,496 2,939,496 - Fund balances—ending $ 2,436,588 $ 2,286,294 $ 2,552,204 $ 265,910 * The net change in fund balances was included in the budget as an appropriation (i.e., spenddown) of fund balance and re-appropriation of prior year encumbrances. The notes to the required supplementary information are an integral part of this schedule. - 47 -

TOWN OF BOSTON, NEW YORK Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—Highway—Town Wide Fund Year Ended December 31, 2024 Budgeted Amounts Actual Variance with Original Final Amounts Final Budget REVENUES Real property taxes and tax items $ 864,103 $ 864,103 $ 864,103 $ - Non-property tax items 275,000 275,000 275,000 - Use of money and property 8,000 8,000 70,426 62,426 Sale of property and compensation for loss - - 685 685 Miscellaneous 1,500 1,500 1,571 71 Interfund revenues 65,000 65,000 76,493 11,493 State aid 193,346 193,346 171,166 (22,180) Total revenues 1,406,949 1,406,949 1,459,444 52,495 EXPENDITURES Current: Transportation 1,536,526 1,535,726 1,097,116 438,610 Employee benefits 218,000 218,800 198,510 20,290 Total expenditures 1,754,526 1,754,526 1,295,626 458,900 Net change in fund balances* (347,577) (347,577) 163,818 511,395 Fund balances—beginning 1,245,447 1,245,447 1,245,447 - Fund balances—ending $ 897,870 $ 897,870 $ 1,409,265 $ 511,395 * The net change in fund balances was included in the budget as an appropriation (i.e., spenddown) of fund balance and re-appropriation of prior year encumbrances. The notes to the required supplementary information are an integral part of this schedule. - 48 -

TOWN OF BOSTON, NEW YORK Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—Fire Protection Fund Year Ended December 31, 2024 Budgeted Amounts Actual Variance with Original Final Amounts Final Budget REVENUES Real property taxes and tax items $ 809,049 $ 809,049 $ 809,049 $ - Non-property tax items 150,000 150,000 150,000 - Use of money and property 4,000 14,000 210,131 196,131 Total revenues 963,049 973,049 1,169,180 196,131 EXPENDITURES Current: Public safety 686,035 690,035 689,240 795 Employee benefits 315,000 455,624 433,188 22,436 Total expenditures 1,001,035 1,145,659 1,122,428 23,231 Excess (deficiency) of revenues over expenditures (37,986) (172,610) 46,752 219,362 OTHER FINANCING USES Transfers in - 134,624 134,624 - Total other financing uses - 134,624 134,624 - Net change in fund balances* (37,986) 134,624 181,376 219,362 Fund balances—beginning 2,598,039 2,598,039 2,598,039 - Fund balances—ending $ 2,560,053 $ 2,732,663 $ 2,779,415 $ 219,362 * The net change in fund balances was included in the budget as an appropriation (i.e., spenddown) of fund balance. The notes to the required supplementary information are an integral part of this schedule. - 49 -

TOWN OF BOSTON, NEW YORK Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—Water Fund Year Ended December 31, 2024 Budgeted Amounts Actual Variance with Original Final Amounts Final Budget REVENUES Real property taxes and tax items 472,705 472,705 $ 473,401 $ 696 Use of money and property 4,850 4,850 54,584 49,734 Total revenues 477,555 477,555 527,985 50,430 EXPENDITURES Home and community services 183,033 182,929 70,427 112,502 Debt service: Principal 126,856 126,856 126,752 104 Interest and other fiscal charges 155,695 155,695 155,208 487 Total expenditures 465,584 465,480 352,387 113,093 Excess (deficiency) of revenues over expenditures 11,971 12,075 175,598 (62,663) OTHER FINANCING USES Transfers in - - 2,706 2,706 Transfers out (26,790) (26,790) (26,790) - Total other financing uses (26,790) (26,790) (24,084) - Net change in fund balances* (14,819) (14,715) 151,514 (62,663) Fund balances—beginning 986,238 986,238 986,238 - Fund balances—ending $ 971,419 $ 971,523 $ 1,137,752 $ (62,663) * The net change in fund balances was included in the budget as an appropriation (i.e., spenddown) of fund balance. The notes to the required supplementary information are an integral part of this schedule. - 50 -

TOWN OF BOSTON, NEW YORK Schedule of Revenues, Expenditures, and Changes in Fund Balances— Budget and Actual—Garbage and Refuse Fund Year Ended December 31, 2024 Year Ended December 31, 2024 Budgeted Amounts Actual Variance with Original Final Amounts Final Budget REVENUES Real property taxes and tax items $ 943,773 $ 943,773 $ 943,773 $ - Departmental income 1,400 1,400 3,400 2,000 Use of money and property 2,000 2,000 23,065 21,065 Total revenues 947,173 947,173 970,238 23,065 EXPENDITURES Current: Home and community services 947,173 947,173 904,710 42,463 Total expenditures 947,173 947,173 904,710 42,463 Net change in fund balances - - 65,528 65,528 The notes to the required supplementary information are an integral part of this schedule. - 51 -

TOWN OF BOSTON, NEW YORK Notes to the Required Supplementary Information Year Ended December 31, 2024 1. PENSION LIABILITY—LOSAP Changes of Assumptions or Other Inputs—The discount rate used to measure the total pension liability was based on the yield to maturity of the Fidelity 20-Year GO AA Bond Index and was as follows: December 31, 2024 4.00% December 31, 2023 4.31% Trust Assets—There are no assets accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 73 to pay related benefits. 2. BUDGETARY INFORMATION Budgetary Basis of Accounting—Annual budgets are adopted on a basis consistent with generally accepted accounting principles in the United States of America for all governmental funds, with the exception of the Capital Projects Fund. The Capital Projects Fund does not have appropriated budgets since there are other means to control the use of these resources (e.g., grant awards) and sometimes span a period of more than one year. The appropriated budget is prepared by fund, function and department. The Town’s department heads may make transfers of appropriations within a department. Transfers of appropriations between departments require the approval of the Town Board. The legal level of budgetary control (i.e., the level at which expenditures may not legally exceed appropriations) is at the department level. Appropriations in all budgeted funds lapse at the end of the fiscal year even if they have related encumbrances. Actual results of operations presented in accordance with GAAP and the Town’s accounting policies do not recognize encumbrances and restricted fund balance as expenditures until the period in which the actual goods or services are received and a liability is incurred. Encumbrances are only reported on the balance sheet of the governmental funds included within restricted, committed or assigned fund balance. Significant encumbrances, if any, are disclosed in the notes to the financial statements. Excess of Expenditures over Appropriations—The Town’s appropriations for the year ended exceeded the December 31, 2024 final budget as follows:  General fund debt service principal and interest payments exceeded the final budget due to lease payments. - 52 -

TOWN OF BOSTON, NEW YORK Combining Balance Sheet—Nonmajor Governmental Funds December 31, 2024 Total Lighting Nonmajor Ambulance District Funds ASSETS Cash and cash equivalents $ 91,571 $ 15,962 $ 107,533 Restricted cash and cash equivalents 139,076 - 139,076 Restricted investments 691,188 - 691,188 Total assets 921,835 15,962 937,797 LIABILITIES Accounts payable $ 1,455 $ 1,478 $ 2,933 Total liabilities 1,455 1,478 2,933 FUND BALANCES Restricted 830,264 - 830,264 Assigned 90,116 14,484 104,600 Total fund balances 920,380 14,484 934,864 Total liabilities and fund balances $ 921,835 $ 15,962 $ 937,797 - 53 -

TOWN OF BOSTON, NEW YORK Combining Statement of Revenues, Expenditures, and Changes in Fund Balances—Nonmajor Governmental Funds Year Ended December 31, 2024 Total Lighting Nonmajor Ambulance District Funds REVENUES Real property taxes $ 101,999 $ 11,268 $ 113,267 Non-property tax items 90,000 - 90,000 Use of money and property 95,915 924 96,839 Total revenues 287,914 12,192 300,106 EXPENDITURES Current: Health 107,397 - 107,397 Transportation 135,549 18,113 153,662 Employee benefits 52,431 - 52,431 Debt service: Principal 13,926 - 13,926 Interest and other fiscal charges 495 - 495 Total expenditures 309,798 18,113 327,911 Deficiency of revenues over expenditures (21,884) (5,921) (27,805) Net change in fund balances (21,884) (5,921) (27,805) Fund balances—beginning 942,264 20,405 962,669 Fund balances—ending $ 920,380 $ 14,484 $ 934,864 - 54 -

Memo To: Town of Boston From: Drescher & Malecki LLP Date: August 4, 2026 Re: 2024 Fiscal Year End Recommendations Capital Assets An accurate and current listing of all capital assets by function should be maintained. The detailed capital asset listing should be updated on an annual basis. Formal procedures should be implemented to safeguard assets and ensure relevant, timely, and accurate information. Upon receipt of the capital asset listing, it was noted that the Town does not record all of the infrastructure relating to the water districts and Town roads. We recommend the Town inquire with proper personnel to obtain up to date and accurate information relating to these water districts and Town roads. We also recommend that the Town adhere to policies and procedures that require proper capital asset maintenance. Last, we recommend that the Town compiles a breakout of depreciation by function. Compensated Absences Rate of Pay GASB Statement No. 101, Compensated Absences, establishes guidance for measuring a liability for leave that has not been used, generally using an employee’s pay rate as of the date of the financial statements. Upon review of the Towns compensated absences balances, we noted that the pay rate to calculate the liability was the yearly pay rate subsequent to the date of the financial statements. We recommend that the Town adhere to GASB Statement No. 101 guidelines and utilize the pay rate as of the date of the financial statements to calculate the long-term liability. Cash Reconciliations We noted that there were multiple bank reconciliation items outstanding on the December 31, 2024 bank reconciliation. We recommend that the Town addresses these outstanding items in a timely manner so book balances accurately reflect the bank balances at year-end. Revenue Accruals The Town of Boston does not accrue a portion of sales tax back to the appropriate related fiscal year. D&M received remittance from Erie County confirming the remaining amount of 2024 sales tax to be received by the Town during the first quarter of 2025. Additionally, the January Trooper Rent Revenue received each year is booked back to the prior fiscal year. We recommend that the Town evaluate the appropriateness of these accruals and ensure they are being booked in the proper fiscal year or document the approval of an alternate accounting treatment.

Items Requested but Not Received We were unable to confirm compliance with General Municipal Law to support restricted fund balance amounts due to lack of support/resolutions for established reserves. We did not obtain official statements for the following issued debt: - 2000 Water #1 Pump and Tank - 2005 Water Rural LT #1 - 2010 Water District #3 - 2012 Water - 2012 Water #3 Cole Road

Town of Boston Income Statement: 2026 For the Period Ending 8/31/26 General Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenues A00-1001-0000-0000 REAL PROPERTY TAXES $ 143,692 $ 143,692 $ 143,692 100.00% A00-1030-0000-0000 SPECIAL ASSESSMENTS 3,446 3,446 3,445 99.98% A00-1090-0000-0000 INT.& PENALTIES REAL PROP.TAX 24,000 24,000 25,664 106.93% A00-1120-0000-0000 NONPROPERTY TAX DISTRIB BY CTY 1,025,000 1,025,000 374,927 36.58% A00-1170-0000-0000 FRANCHISES 120,000 120,000 48,500 40.42% A00-1255-0000-0000 CLERK FEES 3,800 3,800 1,604 42.20% A00-1550-0000-0000 DOG CONTROL FEES 200 200 40 20.00% A00-1972-0000-0000 PROGRAM FOR AGING 1,500 1,500 1,068 71.22% A00-2001-0000-0000 PARK & RECREATION INCOME 5,000 5,000 4,220 84.39% A00-2025-0000-0000 SPECIAL RECREATIONAL FACILITY 3,000 3,000 2,950 98.33% A00-2089-0000-0000 CULTURAL & REC INCOME - - - 100.00% A00-2110-0000-0000 ZONING INCOME 2,500 2,500 2,200 88.00% A00-2150-0000-0000 Sale of Electrical Power - - 579 100.00% A00-2401-0000-0000 INTEREST AND EARNINGS 75,000 75,000 32,174 42.90% A00-2410-0000-0000 RENT / REAL PROP INCOME 98,964 98,964 57,729 58.33% A00-2420-0000-0000 NATURAL GAS LEASES & ROYALTIES 500 500 507 101.32% A00-2530-0000-0000 GAMES OF CHANCE INCOME 200 200 20 10.00% A00-2544-0000-0000 DOG LICENSES 5,500 5,500 4,097 74.49% A00-2545-0000-0000 LICENSES- OTHER 300 300 300 100.00% A00-2555-0000-0000 BUILDING PERMIT INCOME 60,000 60,000 44,203 73.67% A00-2590-0000-0000 OTHER PERMIT INCOME 1,000 1,000 835 83.50% A00-2610-0000-0000 FINES/FORFEITED BAIL 175,000 175,000 71,874 41.07% A00-2665-0000-0000 SALE OF EQUIPMENT - - 10,900 100.00% A00-2680-0000-0000 INSURANCE RECOVERIES - 5,267 5,267 100.00% A00-2701-0000-0000 REFUND-PRIOR YR EXPENDITURE - - 4,434 100.00% A00-2705-0000-0000 GIFTS AND DONATIONS - - 7,279 100.00% A00-2705-0100-0000 DONATIONS FOR DOG SHELTER - - 25 100.00% A00-2770-0000-0000 OTHER UNCLASSIFIED REVENUES - - - 100.00% A00-3001-0000-0000 STATE AID - PER CAPITA 49,689 49,689 - 0.00% A00-3005-0000-0000 STATE AID - MORTGAGE TAX 180,000 180,000 102,186 56.77% A00-3060-0000-0000 STATE AID - RECORDS 74,965 74,965 37,482 50.00% A00-3089-0000-0000 STATE AID- OTHER 5,000 5,000 11,428 228.56% A00-3097-0000-0000 STATE AID - CAPITAL PROJECTS - - - 100.00% A00-3809-0000-0000 GEN GOV'T GRANTS - JCAP - - - 100.00% A00-3897-0000-0000 CULTURAL GRANTS 7,500 7,500 - 0.00% A00-5031-0000-0000 INTERFUND TRANSFERS - - 130 100.00% $ 2,065,756 $ 2,071,023 $ 999,757 Expenditures A00-1010-1000-0000 TOWN BOARD-PER SVC $ 42,140 $ 42,140 $ 28,093 66.67% A00-1010-4000-0000 TOWN BD-CONTR 3,000 3,000 1,675 55.83% A00-1110-1000-0000 TOWN JUSTICE- PER SVC 145,993 145,993 95,623 65.50% A00-1110-2000-0000 JUSTICE - EQUIP 500 500 - 0.00% A00-1110-4000-0000 TOWN JUSTICE-CONTR 5,700 5,700 2,482 43.55% A00-1220-0100-0000 SUPERVISOR- PER SVC 192,862 192,862 121,564 63.03% A00-1220-0200-0000 SUPERVISOR- EQUIP 500 500 - 0.00% A00-1220-0400-0000 SUPERVISOR- CONTR 7,000 7,000 3,387 48.38% A00-1320-0402-0000 SPECIAL AUDITS 20,000 20,000 2,825 14.13% A00-1321-0400-0000 ACCOUNTANT-CONTRACTUAL 1,500 1,500 - 0.00% A00-1321-0401-0000 ACCOUNTING FEES 3,500 3,500 2,304 65.81% A00-1340-0100-0000 BUDGET DIRECTOR- PER SVC 4,490 4,490 2,936 65.38% A00-1355-0100-0000 ASSESSOR-PERSONAL SVC 64,518 64,518 32,929 51.04% A00-1355-0200-0000 ASSESSOR - EQUIPMENT - - - 100.00% A00-1355-0401-0000 ASSESSOR- CONTR 3,000 3,000 595 19.84% A00-1380-0400-0000 FISCAL AGENT- CONTRACT 10,000 10,000 - 0.00% A00-1410-0100-0000 TOWN CLERK- PER SVC 137,502 137,502 80,663 58.66% A00-1410-0200-0000 TOWN CLERK- EQUIP 500 500 - 0.00% A00-1410-0401-0000 TOWN CLERK- CONTR 3,250 3,488 1,512 43.35% A00-1420-0100-0000 TOWN ATTORNEY- PER SVC 20,775 20,775 13,850 66.67% A00-1420-0401-0000 ATTORNEY- CONTR 47,500 47,500 35,703 75.16% A00-1430-4000-0000 PERSONNEL- CONTR 8,100 8,100 4,852 59.90% A00-1440-0400-0000 ENGINEER- CONTR 20,000 22,146 5,538 25.00% A00-1460-0100-0000 RECORDS MGT- PER SVC 18,884 18,884 11,236 59.50% A00-1460-0200-0000 RECORDS MGT- EQUIP - - - 100.00% A00-1460-0401-0000 RECORDS MGT- CONTR 4,700 4,700 2,767 58.87% A00-1460-0402-0000 RECORDS MGT - GRANT CONTR 74,965 74,965 - A00-1620-0101-0000 BUILDINGS -PER SVC 36,823 36,823 19,277 52.35% A00-1620-0200-0000 BUILDINGS- EQUIP 50,000 50,000 6,670 13.34% A00-1620-0400-0000 BUILDINGS- CONTR 88,000 90,649 47,269 52.15% A00-1620-0402-0000 BUILDINGS- CONTR-REC CENTER 10,000 10,000 4,641 46.41% A00-1620-0403-0000 BUILDING- CONTR- HIGHWAY 16,000 16,000 6,872 42.95% A00-1620-0404-0000 BUILDING- CONTR- TROOPER BARRACKS 16,000 16,000 8,029 50.18% A00-1650-0200-0000 CENTR COMM- EQUIP 15,000 17,027 2,099 12.33% A00-1650-0400-0000 CENT COMMUNICATIONS- CONTR 35,000 35,000 25,505 72.87% A00-1670-0200-0000 CENT PRINT/MAIL- EQUIP - - - 100.00% A00-1670-0403-0000 CENT PRINT/MAIL- CONTR 22,000 22,000 13,632 61.97% A00-1910-0000-0000 UNALLOCATED INSURANCE 107,000 107,000 99,823 93.29% A00-1920-0000-0000 MUNICIPAL ASSOCIATION DUES 4,300 4,300 2,600 60.47% A00-1930-0000-0000 JUDGEMENT AND CLAIMS 500 500 504 100.87% A00-1950-0000-0000 TAXES & ASSESSMNTS ON PROPERTY 5,000 5,000 6,181 123.63% A00-1989-0400-0000 OTHER GENERAL GOV'T SUPPORT 21,600 21,600 15,200 70.37% A00-1990-0000-0000 CONTINGENT ACCOUNT 5,000 5,000 - 0.00%

A00-3310-0400-0000 TRAFFIC CONTROL-CONTR 6,000 6,000 2,059 34.32% A00-3510-0100-0000 DOG CONTROL- PER SVC 16,896 16,896 11,264 66.67% A00-3510-0200-0000 DOG CONTROL- EQUIP 250 250 - 0.00% A00-3510-0400-0000 DOG CONTROL- CONTR 3,000 3,000 845 28.16% A00-3620-0100-0000 SAFETY INSPECT-PER SVC 175,569 175,569 52,976 30.17% A00-3620-0200-0000 SAFETY INSPECT- EQUIP 500 500 - 0.00% A00-3620-0400-0000 SAFETY INSPECT- CONTR 9,000 9,000 3,037 33.75% A00-3989-0400-0000 Public Safety, Other - Cont. 1,400 1,400 - 0.00% A00-5010-0100-0000 HIGHWAY SUPT-PER SVC 109,995 109,995 71,762 65.24% A00-5010-0200-0000 HIGHWAY SUPT - EQUIPMENT 500 500 - 0.00% A00-5010-0400-0000 HIGHWAY SUPT-CONTR 5,000 5,000 2,375 47.50% A00-5132-0400-0000 GARAGE-CONTR 26,000 26,000 17,087 65.72% A00-5182-0400-0000 STREET LIGHTING-CONTR 30,000 30,000 16,309 54.36% A00-6772-0100-0000 PROGRAM FOR AGING-PER SVC 4,000 4,000 1,327 33.19% A00-6772-0200-0000 NUTRITION EQUIPMENT & CHAIRS 40,383 40,383 26,206 64.89% A00-6772-0400-0000 PROGRAMS FOR AGING-CONTR 9,000 9,000 1,605 17.83% A00-7110-0100-0000 PARKS- PER SVC 156,336 156,336 78,036 49.92% A00-7110-0201-0000 EQUIPMENT 22,000 22,000 21,101 95.91% A00-7110-0400-0000 PARKS- CONTR 25,000 25,000 9,480 37.92% A00-7270-0100-0000 EVENT COORDINATOR - PER SVC 3,206 3,206 1,905 59.41% A00-7270-0400-0000 BAND CONCERTS- CONTR 8,500 8,500 5,260 61.88% A00-7310-0400-0000 YOUTH PROGRAMS-CONTR 75,000 75,000 75,000 100.00% A00-7510-0100-0000 TOWN HISTORIAN-PER SVC 4,552 4,552 3,035 66.67% A00-7510-0401-0000 HISTORIAN- CONTR 700 700 250 35.76% A00-7520-0400-0000 HISTORIAN PROP-CONTR 3,000 3,000 - 0.00% A00-7550-0400-0000 CELEBRATIONS- CONTR 25,000 27,619 18,804 68.09% A00-7620-0400-0000 ADULT REC- BOSTON SRS. 15,000 15,000 8,080 53.87% A00-7620-0402-0000 ADULT REC- BOS YOUNG @ HEART 15,000 15,000 8,036 53.57% A00-7989-0400-0000 OTHER CULTURE/REC- CONTR 1,000 1,000 1,000 100.00% A00-8010-0100-0000 ZONING- PER SVC 7,868 7,868 4,501 57.21% A00-8010-0400-0000 ZONING-CONTR 5,000 5,000 1,379 27.59% A00-8020-0100-0000 PLANNING-PER SVC 6,294 6,294 1,949 30.97% A00-8020-0400-0000 PLANNING- CONTR 8,000 8,000 3,895 48.68% A00-8410-0200-0000 ELECTRIC & POWER - EQUIP - - - 100.00% A00-8410-0400-0000 ELECTRIC & POWER - CONTR. - - 480 $240.00 A00-8540-0400-0000 DRAINAGE-CONTR - - - 100.00% A00-8710-0100-0000 CONSERVATION-PER SVC 3,147 3,147 193 6.14% A00-8710-0400-0000 CONSERVATION- CONTR 6,550 6,550 2,333 35.63% A00-8745-0400-0000 FLOOD & EROSION CONTROL-CONTRA - - - 100.00% A00-8810-0100-0000 CEMETERY- PER SVC. - - - 100.00% A00-8810-0400-0000 CEMETERY-CONTRACTUAL 300 300 - 0.00% A00-8989-0400-0000 OTHER HOME/COM SVC-CONTR 71,000 71,000 - 0.00% A00-9010-0800-0000 STATE RETIREMENT 135,000 135,000 31,226 23.13% A00-9030-0800-0000 SOCIAL SECURITY 91,000 91,000 50,124 55.08% A00-9040-0800-0000 WORKERS' COMPENSATION 19,000 19,000 18,444 97.07% A00-9050-0800-0000 UNEMPLOYMENT INSURANCE 6,000 6,000 4,923 82.06% A00-9055-0800-0000 DISABILITY INSURANCE 1,000 1,000 404 40.43% A00-9060-0800-0000 HOSPITAL AND MEDICAL INSURANCE 95,000 95,000 50,506 53.16% A00-9730-0600-0000 BAN PRINCIPAL 50,000 50,000 50,000 100.00% A00-9730-0700-0000 BAN INTEREST 16,410 16,410 8,830 53.81% A00-9901-0900-0000 TRANSFERS TO OTHER FUNDS - 110,754 110,754 100.00% A00-9950-0900-0000 TRANSFERS TO CAPITAL PROJECTS FUND 40,000 40,000 - 0.00% $ 2,626,458 $ 2,746,890 $ 1,485,616

Highway Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue DB0-1001-0000-0000 REAL PROPERTY TAX $ 877,124 $ 877,124 $ 877,124 100.00% DB0-1120-0000-0000 NON-PROPERTY TAX DIST. BY CNTY 225,000 225,000 225,000 100.00% DB0-2401-0000-0000 INTEREST AND EARNINGS 65,000 65,000 36,412 56.02% DB0-2650-0000-0000 SALE OF SCRAP - - - 100.00% DB0-2665-0000-0000 SALE OF EQUIPMENT - - - 100.00% DB0-2680-0000-0000 INSURANCE RECOVERIES - - - 100.00% DB0-2701-0000-0000 REFUND-PRIOR YR EXPENDITURES - - - 100.00% DB0-2770-0000-0000 OTHER UNCLASSIFIED - - - 100.00% DB0-2770-1000-0000 OTHER UNCLASSIFIED - FUEL REIMBURSEMENTS - - - 100.00% DB0-2801-0000-0000 INTERFUND REVENUES 71,000 71,000 - 0.00% DB0-3501-0000-0000 STATE AID 205,435 205,435 - 0.00% $ 1,443,559 $ 1,443,559 $ 1,138,536 Expenditure DB0-5110-0100-0000 GENERAL REPAIRS-PER SVC $ 248,745 $ 248,745 $ 206,336 82.95% DB0-5110-0400-0000 GENERAL REPAIRS-CONTR 203,647 203,647 383,493 188.31% DB0-5110-0410-0000 GEN REPAIRS-FUEL & DIESEL 60,000 60,000 40,612 67.69% DB0-5110-0420-0000 GEN REPAIRS- DRAINAGE 30,000 30,000 7,097 23.66% DB0-5112-0200-0000 CAPITAL OUTLAY 205,435 205,435 - 0.00% DB0-5130-0200-0000 MACHINERY- EQUIPMENT 258,000 436,476 - 0.00% DB0-5130-0400-0000 MACHINERY- CONTRACTUAL 65,000 65,000 47,718 73.41% DB0-5140-0100-0000 BRUSH & WEEDS-PER SVC (General Fund to Reimb) 33,235 33,235 6,634 19.96% DB0-5140-0400-0000 MISC BRUSH & WEEDS-CONTRACTUAL 5,000 5,000 - 0.00% DB0-5142-0100-0000 SNOW REMOVAL-PER SVC 220,182 220,182 113,780 51.68% DB0-5142-0400-0000 SNOW REMOVAL- CONTRACTUAL 130,695 130,695 69,861 53.45% DB0-9010-0800-0000 STATE RETIREMENT 75,000 75,000 18,229 24.31% DB0-9030-0800-0000 SOCIAL SECURITY 40,000 40,000 24,063 60.16% DB0-9040-0800-0000 WORKERS' COMPENSATION 39,000 39,000 38,320 98.26% DB0-9050-0800-0000 UNEMPLOYMENT INSURANCE - - - 100.00% DB0-9060-0800-0000 HOSPITAL AND MEDICAL INSURANCE 92,000 92,000 37,017 40.24% $ 1,705,939 $ 1,884,415 $ 993,159 Lighting Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue L30-1001-0000-0000 REAL PROPERTY TAX $ 17,923 $ 17,923 $ 17,923 100.00% L30-2401-0000-0000 INTEREST AND EARNINGS 700 700 358 51.11% $ 18,623 $ 18,623 $ 18,281 Expenditure L30-5182-0401-0000 CONTRACTS $ 20,000 $ 20,000 $ 10,617 53.08% $ 20,000 $ 20,000 $ 10,617 Fire Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue SF0-1001-0000-0000 REAL PROPERTY TAX $ 945,104 $ 945,104 $ 945,104 100.00% SF0-1120-0000-0000 NONPROPERTY TAX DIST 220,000 220,000 220,000 100.00% SF0-2401-0000-0000 INTEREST EARNINGS 20,000 20,000 11,221 56.11% SF0-5031-0000-0000 INTERFUND TRANSFERS - 110,754 110,754 100.00% $ 1,185,104 $ 1,295,858 $ 1,287,079 Expenditure SF0-3410-0401-0000 CONTRACTS $ 756,204 $ 756,204 $ 749,841 99.16% SF0-9025-0400-0000 SERVICE AWARDS PROGRAM - Cont. 14,800 14,800 7,584 51.24% SF0-9025-0800-0000 SERVICE AWARDS PROGRAM - Benefits 400,000 510,754 510,754 100.00% SF0-9040-0800-0000 WORKERS COMP INSURANCE 14,100 14,100 11,846 84.01% $ 1,185,104 $ 1,295,858 $ 1,280,025 Refuse Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue SG0-1001-0000-0000 REAL PROPERTY TAX $ 1,028,140 $ 1,028,140 $ 1,028,140 100.00% SG0-2130-0000-0000 REFUSE AND GARBAGE CHARGES 5,000 5,000 4,774 95.49% SG0-2401-0000-0000 INTEREST EARNINGS 20,000 20,000 14,916 74.58% $ 1,053,140 $ 1,053,140 $ 1,047,830 Expenditure SG0-8160-0401-0000 GARBAGE CONTRACTUAL BFI $ 1,053,140 $ 1,053,140 $ 581,618 55.23% $ 1,053,140 $ 1,053,140 $ 581,618 Ambulance Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue SM0-1001-0000-0000 REAL PROPERTY TAX $ 103,165 $ 103,165 $ 103,165 100.00% SM0-1120-0000-0000 NONPROPERTY TAX DISTRIBUTION 50,000 50,000 50,000 100.00% SM0-2401-0000-0000 INTEREST INCOME 11,000 11,000 6,596 59.96% $ 164,165 $ 164,165 $ 159,761 Expenditure SM0-4540-0200-0000 AMBULANCE- CAPITAL EQUIPMENT $ - $ 137,664 $ 136,869 99.42% SM0-4540-0400-0000 CONTRACTUAL 148,165 148,165 105,565 71.25% SM0-9025-0800-0000 LOCAL PENSION FUND 10,000 10,000 11,200 112.00% SM0-9040-0800-0000 WORKER'S COMP 6,000 6,000 4,906 81.77% $ 164,165 $ 301,829 $ 258,540

Water #1 Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue HA0-1001-0000-0000 REAL PROPERTY TAX $ 226,977 $ 226,977 $ 226,977 100.00% HA0-2401-0000-0000 INTEREST EARNINGS 10,000 10,000 7,271 72.71% $ 236,977 $ 236,977 $ 234,248 Expenditure HA0-8340-0400-0000 CONTRACTUAL $ 32,653 $ 32,653 $ 30,552 93.57% HA0-9730-0600-0000 BAN'S- PRINCIPAL 102,377 102,377 - 0.00% HA0-9730-0700-0000 BAN'S- INTEREST 101,947 101,947 - 0.00% $ 236,977 $ 236,977 $ 30,552 Water #2 Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue HB0-1001-0000-0000 REAL PROPERTY TAX $ 51,711 $ 51,711 $ 51,711 100.00% HB0-2401-0000-0000 INTEREST & EARNINGS 4,500 4,500 2,844 63.19% $ 56,211 $ 56,211 $ 54,555 Expenditure HB0-8340-0400-0000 CONTRACTUAL $ 38,445 $ 38,445 $ 13,025 33.88% HB0-9730-0600-0000 BAN'S - PRINCIPAL 9,000 9,000 - 0.00% HB0-9730-0700-0000 BAN INTEREST 8,766 8,766 - 0.00% $ 56,211 $ 56,211 $ 13,025 Water #3 Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue HC0-1001-0000-0000 REAL PROPERTY TAX $ 263,295 $ 263,295 $ 263,295 100.00% HC0-1028-0000-0000 SPECIAL ASSESSMENTS 733 733 733 HC0-2401-0000-0000 INTEREST AND EARNINGS 25,000 25,000 14,524 58.10% $ 289,028 $ 289,028 $ 278,552 Expenditure HC0-8340-0400-0000 CONTRACTUAL $ 26,800 $ 26,800 $ 17,045 63.60% HC0-9710-0600-0000 Serial Bonds - Principal 130,200 130,200 130,200 HC0-9710-0700-0000 Serial Bonds - Interest 100,671 100,671 109,017 HC0-9730-0600-0000 BAN'S- PRINCIPAL 15,885 15,885 - 0.00% HC0-9730-0700-0000 BAN INTEREST 15,472 15,472 - 0.00% $ 289,028 $ 289,028 $ 256,262 Water Ext 1 Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue HD0-1001-0000-0000 REAL PROPERTY TAX $ 3,006 $ 3,006 $ 3,006 100.00% HD0-2401-0000-0000 INTEREST AND EARNINGS 1,750 1,750 1,196 68.32% $ 4,756 $ 4,756 $ 4,202 Expenditure HD0-8340-0400-0000 CONTRACTS $ 1,339 $ 1,339 $ 687 51.32% HD0-9730-0600-0000 BAN's - PRINCIPAL $ 1,712 $ 1,712 $ - 0.00% HD0-9730-0700-0000 BAN'S - INTEREST $ 1,705 $ 1,705 $ - 0.00% $ 4,756 $ 4,756 $ 687 Water Ext 2 Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue HE0-1001-0000-0000 REAL PROPERTY TAX $ 29,275 $ 29,275 $ 29,275 100.00% HE0-2401-0000-0000 INTEREST AND EARNINGS 5,000 5,000 4,220 84.40% $ 34,275 $ 34,275 $ 33,495 Expenditure HE0-8340-0400-0000 CONTRACTUAL $ 31,736 $ 31,736 $ - 0.00% HE0-9730-0600-0000 BAN- PRINCIPLE 1,286 1,286 - 0.00% HE0-9730-0700-0000 BAN INTEREST 1,253 1,253 - 0.00% $ 34,275 $ 34,275 $ - Water #3 Ext. 1 Account Number Account Description Original Budget Amount Amended Budget Amount Actual Rev/Exp YTD % YTD Revenue HF0-1001-0000-0000 REAL PROPERTY TAX $ 10,978 $ 10,978 $ 10,978 100.00% HF0-2401-0000-0000 INTEREST AND EARNINGS 1,200 1,200 837 69.76% $ 12,178 $ 12,178 $ 11,815 Expenditure HF0-8340-0400-0000 CONTRACTUAL $ 3,237 $ 3,237 $ - 0.00% HF0-9710-0600-0000 Serial Bonds - Principal 6,250 6,250 6,250 100.00% HF0-9710-0700-0000 Serial Bonds - Interest 1,225 1,225 1,225 100.00% HF0-9730-0600-0000 PRINC PMTS- BANS 743 743 - 0.00% HF0-9730-0700-0000 INTEREST PMTS. BANS 723 723 - 0.00% $ 12,178 $ 12,178 $ 7,475

Capital Projects Waterline Replacements - Phase 1 Account Number Account Description Project Budget Current Yr Rev/Exp Total Project Rev/Exp % Complete Revenue H04-2401-0000-0000 INTEREST & EARNINGS $ - $ 7,641 $ 98,573 H04-5031-0000-0000 INTERFUND TRANSFERS - - - $ - $ 7,641 $ 98,573 Expenditure H04-8340-0200-0000 WATERLINE REPLACEMENTS - PHASE 1 Construction $ 2,415,741 $ 265,717 $ 2,407,314 99.65% Engineering 355,000 4,770 354,610 99.89% Advertisment for Bids - - 466 Permit Fees - - 110 $ 2,770,741 $ 270,487 $ 2,762,500 Town of Boston Comprehensive Plan Update Account Number Account Description Project Budget Current Yr Rev/Exp Total Project Rev/Exp % Complete Revenue H05-2706-0000-0000 GRANTS FROM LOCAL GOVT $ 25,000 $ 25,000 $ 25,000 H05-3097-0000-0000 STATE AID CAPITAL PROJECTS $ 63,000 $ - $ 63,000 100.00% H05-5031-0000-0000 INTERFUND TRANSFERS $ 6,870 $ - $ 7,000 101.89% $ 94,870 $ 25,000 $ 95,000 Expenditure H05-8020-0200-0000 COMPREHENSIVE PLAN UPDATE $ 94,870 $ - $ 94,870 100.00% H05-9901-0900-0000 TRANSFER TO OTHER FUNDS $ - $ 130 $ 130 $ 94,870 $ 130 $ 95,000 Town Hall Generator Account Number Account Description Project Budget Current Yr Rev/Exp Total Project Rev/Exp % Complete Revenue H06-2401-0000-0000 INTEREST & EARNINGS $ - $ - $ 4,655 H06-5031-0000-0000 INTERFUND TRANSFERS - - 276,439 $ - $ - $ 281,094 Expenditure H06-1620-0200-0000 TOWN HALL GENERATOR Construction $ 253,546 $ - $ 253,546 100.00% Engineering 20,000 - 20,000 100.00% Advertisment for Bids - - 732 100.00% National Fuel Hookup - - 6,816 $ 273,546 $ - $ 281,094 Town Hall Entryway Account Number Account Description Project Budget Current Yr Rev/Exp Total Project Rev/Exp % Complete Revenue H07-2401-0000-0000 INTEREST & EARNINGS $ - $ - $ 33 H07-5031-0000-0000 INTERFUND TRANSFERS 64,125 - 59,760 $ 64,125 $ - $ 59,793 Expenditure H07-1620-0200-0000 TOWN HALL ENTRYWAY Construction $ 46,525 $ - $ 41,625 89.47% Engineering 17,600 - 17,600 100.00% Advertisment for Bids - - 568 $ 64,125 $ - $ 59,793 Fuel Tank Replacement Account Number Account Description Project Budget Current Yr Rev/Exp Total Project Rev/Exp % Complete Revenue H08-5031-0000-0000 INTERFUND TRANSFERS - - 417,691 $ - $ - $ 417,691 Expenditure H08-1620-0200-0000 FUEL TANK REPLACEMENT - NEW FUEL ISLAND Engineering (Res. 2025-26) 64,020 27,351 62,541 97.69% Removal $ 75,560 $ - $ 60,671 80.30% Mis. Exp. - Bidding / Paving Open Ground - 104 3,723 Construction 293,000 263,997 263,997 90.10% $ 432,580 $ 291,452 $ 390,932 Holiday Lights Account Number Account Description Project Budget Current Yr Rev/Exp Total Project Rev/Exp % Complete Revenue H09-5031-0000-0000 INTERFUND TRANSFERS - - 12,500 $ - $ - $ 12,500 Expenditure H09-1440-0200-0000 ENGINEERING - HOLIDAY LIGHTS $ 12,500 $ 1,416 $ 10,625 85.00% $ 12,500 $ 1,416 $ 10,625 Waterline Replacements - Phase 2 Account Number Account Description Project Budget Current Yr Rev/Exp Total Project Rev/Exp % Complete Revenue H10-5031-0000-0000 INTERFUND TRANSFERS - - - $ - $ - $ - Expenditure H10-1440-0200-0000 ENGINEERING - WATER PHASE 2 $ 991,130 $ 321,984 $ 350,880 35.40% H10-8340-0200-0000 WATERLINE REPLACEMENTS - PHASE 2 $ - $ 84,603 $ 84,603 100.00% $ 991,130 $ 406,587 $ 435,483

Monthly Cash Balances 2026 Fund Acct # Account 1/31/2026 2/28/2026 3/31/2026 4/30/2026 5/31/2026 6/30/2026 7/31/2026 8/31/2026 General (A) A00-0201-0000 General Fund Cash $ 1,173,467 $ 1,078,342 $ 1,053,030 $ 972,238 $ 872,058 $ 1,130,770 $ 1,001,921 $ 937,579 General (A) A00-0210-0000 Petty Cash $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 $ 500 General (A) A00-0878-0300 Reserve for Tri-Seq $ 8,179 $ 8,202 $ 8,226 $ 8,250 $ 8,275 $ 8,299 $ 8,324 $ 8,349 General (A) A00-0878-0600 Reserve for Sr. Facility $ 70,066 $ 70,258 $ 70,469 $ 70,673 $ 70,884 $ 71,089 $ 71,304 $ 71,519 General (A) A00-0878-0700 Reserve for Tax Stable $ 96,875 $ 97,141 $ 97,433 $ 97,715 $ 98,006 $ 98,290 $ 98,588 $ 98,885 General (A) A00-0878-0800 Reserve for Bldgs & Parks $ 143,767 $ 144,161 $ 144,594 $ 145,013 $ 145,446 $ 145,867 $ 146,309 $ 146,750 General (A) A00-0878-0900 Reserve for Recreation $ 42,442 $ 42,558 $ 42,686 $ 42,810 $ 42,937 $ 43,062 $ 43,192 $ 43,323 General (A) A00-0878-1000 Reserve for Drainage $ 144,101 $ 144,496 $ 144,930 $ 145,350 $ 145,783 $ 146,206 $ 146,648 $ 147,091 $ 1,679,397 $ 1,585,657 $ 1,561,868 $ 1,482,550 $ 1,383,890 $ 1,644,083 $ 1,516,786 $ 1,453,997 Highway (DB) DB0-0201-0000 Highway Cash $ 952,909 $ 886,166 $ 1,885,007 $ 1,833,993 $ 1,770,869 $ 1,505,102 $ 1,245,830 $ 1,193,901 Highway (DB) DB0-0878-0100 Reserve or HWY Equipment $ 331,755 $ 332,664 $ 333,663 $ 334,631 $ 335,628 $ 336,601 $ 337,619 $ 338,638 $ 1,284,664 $ 1,218,829 $ 2,218,670 $ 2,168,624 $ 2,106,497 $ 1,841,703 $ 1,583,449 $ 1,532,539 Capital Projects (H) H00-0201-0000 Capital Projects Cash $ 296,631 $ 296,631 $ 216,726 $ 164,111 $ (201,607) $ (267,905) $ (332,236) $ (377,953) Capital Projects (H) H03-0231-0000 Restricted Cash - Water Tank BAN $ 155,674 $ 156,101 $ 156,570 $ 157,024 $ 157,492 $ 157,948 $ 158,426 $ 158,904 Capital Projects (H) H04-0231-0000 Restricted Cash - Waterline Repairs BAN $ 358,400 $ 355,177 $ 355,649 $ 356,686 $ 356,974 $ 358,014 $ 92,970 $ 90,253 $ 810,705 $ 807,909 $ 728,945 $ 677,820 $ 312,858 $ 248,057 $ (80,840) $ (128,795) Fire Protection (SF) SF0-0201-0000 Fire Fund Cash $ 151,041 $ 151,341 $ 1,287,781 $ 930,629 $ 822,099 $ 959,484 $ 175,575 $ 173,558 Fire Protection (SF) Nationwide Restricted - LOSAP Fair Market Value $ 2,850,919 $ 2,868,223 $ 2,701,954 $ 2,814,398 $ 2,968,148 $ 2,930,819 $ 3,270,747 $ 3,285,937 $ 3,001,960 $ 3,019,565 $ 3,989,735 $ 3,745,027 $ 3,790,247 $ 3,890,303 $ 3,446,321 $ 3,459,494 Lighting (SL) L30-0201-0000 Lighting Fund Cash $ 9,272 $ 9,294 $ 24,115 $ 22,602 $ 21,152 $ 19,712 $ 18,328 $ 16,911 $ 9,272 $ 9,294 $ 24,115 $ 22,602 $ 21,152 $ 19,712 $ 18,328 $ 16,911 Ambulance (SM) SM0-0201-0000 Ambulance Fund Cash $ 103,312 $ 102,803 $ 241,014 $ 200,828 $ 186,023 $ 186,364 $ 183,797 $ 46,027 Ambulance (SM) SM0-0878-0001 Reserve for Ambulance $ 145,303 $ 145,701 $ 146,139 $ 146,562 $ 146,999 $ 147,425 $ 147,871 $ 148,318 $ 248,615 $ 248,504 $ 387,153 $ 347,390 $ 333,022 $ 333,789 $ 331,669 $ 194,345 Garbage (SG/SR) SG0-0201-0000 Garbage & Refuse Fund Cash $ 238,740 $ 240,478 $ 1,104,502 $ 1,025,037 $ 946,346 $ 866,955 $ 787,196 $ 704,296 $ 238,740 $ 240,478 $ 1,104,502 $ 1,025,037 $ 946,346 $ 866,955 $ 787,196 $ 704,296 Water (SW) HA0-0201-0000 (HA) Water District #1 $ 205,462 $ 205,952 $ 403,174 $ 404,212 $ 405,309 $ 406,282 $ 407,485 $ 408,594 Water (SW) HB0-0201-0000 (HB) Water District #2 $ 108,916 $ 109,176 $ 148,155 $ 148,537 $ 148,940 $ 149,297 $ 149,739 $ 150,147 Water (SW) HC0-0201-0000 (HC) Water District #3 $ 150,529 $ 91,815 $ 339,468 $ 340,343 $ 350,137 $ 350,978 $ 162,325 $ 162,767 Water (SW) HC0-0878-0100 Reserve for Debt - Dist. 3 $ 405,007 $ 406,117 $ 407,337 $ 408,518 $ 409,736 $ 410,923 $ 412,167 $ 413,410 Water (SW) HD0-0201-0000 (HD) Water Ext. 1 $ 56,241 $ 56,375 $ 58,810 $ 58,961 $ 59,121 $ 59,263 $ 59,439 $ 59,600 Water (SW) HE0-0201-0000 (HE) Water Ext. 2 $ 182,709 $ 183,146 $ 212,841 $ 213,389 $ 213,968 $ 214,482 $ 215,117 $ 215,702 Water (SW) HF0-0201-0000 (HF) Water Dist. 3 Ext. $ 34,435 $ 34,517 $ 45,585 $ 45,703 $ 45,827 $ 45,937 $ 38,576 $ 38,681 $ 1,143,299 $ 1,087,098 $ 1,615,370 $ 1,619,663 $ 1,633,037 $ 1,637,161 $ 1,444,848 $ 1,448,901 Total held by Town $ 5,565,733 $ 5,349,111 $ 8,928,404 $ 8,274,315 $ 7,558,900 $ 7,550,943 $ 5,777,011 $ 5,395,750 Total held at Nationwide (Fire LOSAP) $ 2,850,919 $ 2,868,223 $ 2,701,954 $ 2,814,398 $ 2,968,148 $ 2,930,819 $ 3,270,747 $ 3,285,937 $ 8,416,652 $ 8,217,335 $ 11,630,358 $ 11,088,713 $ 10,527,049 $ 10,481,762 $ 9,047,758 $ 8,681,687

FOR IMMEDIATE RELEASE September 2, 2026 NYSEG and RG&E Crews Make Major Progress Following Overnight Storm More than 78,000 customers affected by outages caused by storm Crews working to restore power to remaining 16,000 customers without service BINGHAMTON, N.Y. — September 3, 2026 | 9:30 a.m. — Crews for New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E) have restored power to more than 60,000 customers affected by Wednesday’s thunderstorm. More than 78,000 customers had their service interrupted by this storm. This includes more than 38,000 RG&E customers, with the most significant impacts in RG&E's Central Division, which includes Monroe and Orleans counties, and Fillmore Division, which includes Allegany, Genesee, Livingston, and Wyoming counties. Approximately 40,000 NYSEG customers were affected. The Company’s Geneva Division, which includes Ontario, Wayne, Seneca, and Yates counties, were most significantly impacted. NYSEG's Lancaster Division, which includes Cattaraugus, Chautauqua, and Erie Counties, and Hornell Division, which includes Allegany, Cattaraugus, Steuben, and Wyoming Counties, were also affected. Approximately 16,000 customers are without power, with the most significant impacts in NYSEG’s Geneva Division and RG&E’s Central and Fillmore divisions. Restoration efforts will continue until all customers have their power restored. NYSEG and RG&E urge customers to remain away from storm debris as it may contain downed wires or other damaged equipment. Customers should assume all downed wires are energized and dangerous and should be reported by calling NYSEG’s emergency line at 1.800.572.1131. RG&E’s line at 1.800.743.1701 or contacting 911. Outage Information: Sign-up for Outage Alerts to receive updates automatically by phone, text or e-mail as the Companies updates the status of the restoration process in their area. Customers can sign up for outage alerts by visiting here for NYSEG and here for RG&E. Customers can use the NYSEG or RG&E mobile app to report and check the status of outages. To download the application, customers should search “Avangrid” in the Apple or Android app stores and select “NYSEG” or “RG&E.” The application is free to download.

Stay Away from Downed Wires: • Stay at least 30 feet from a downed power line. • If a downed wire comes in contact with your vehicle, stay inside and wait for help. If you must get out because of fire or other danger, jump clear of the vehicle to avoid any contact with the vehicle and the ground at the same time. Land with your feet together and hop with feet together or shuffle away; don’t run or stride. • NYSEG customers should call 1.800.572.1131 and RG&E customers should call 1.800.743.1701 to report downed power lines or other hazardous situations. During a Power Interruption: • Contact neighbors to see if their power is off. A loss of power may be the result of a blown fuse or a tripped circuit breaker. • To report a power interruption, contact NYSEG at 1.800.572.1131 or RG&E at 1.800.743.1701. • Keep refrigerators and freezers closed as much as possible. Most food will last 24 hours if you minimize the opening of refrigerator and freezer doors. Power Restoration Priorities: The companies’ first priorities are to respond to reports of downed power lines to keep the public safe. NYSEG customers are asked to call 1.800.572.1131 and RG&E customers are asked to call at 1.800.743.1701 to report downed wires. Once this vital public safety work is complete, the Companies will: • Assess the damage to the electricity delivery system. • Develop a detailed restoration plan. • Make repairs as quickly as possible. For additional information, including storm preparation tips, storm safety information, generator safety information, restoration priorities and emergency resources, visit Outage Central at NYSEG.com or RGE.com and on the Companies’ social media pages: • Facebook: @NYSEandG • Twitter: @NYSEandG • Instagram: @nyseg.co • Facebook: @RochGandE • Twitter: @RGandE • Instagram: @rochestergasandelectric ### About NYSEG: New York State Electric & Gas Corporation (NYSEG) is a subsidiary of Avangrid, Inc. Established in 1852, NYSEG operates approximately 35,000 miles of electric distribution lines and 4,500 miles of electric transmission lines across more than 40% of upstate New York. It also operates more than 8,150 miles of natural gas distribution pipelines and 20 miles of gas transmission pipelines. It serves approximately 894,000 electricity customers and 266,000 natural gas customers. For more information, visit www.nyseg.com. About RG&E: Rochester Gas and Electric Corporation (RG&E) is a subsidiary of Avangrid, Inc. Established in 1848, RG&E operates approximately 8,800 miles of electric distribution lines and 1,100 miles of electric transmission lines. It also operates approximately

10,600 miles of natural gas distribution pipelines and 105 miles of gas transmission pipelines. It serves approximately 378,500 electricity customers and 313,000 natural gas customers in a nine-county region in New York surrounding the City of Rochester. For more information, visit www.rge.com. About Avangrid: Avangrid, Inc. is a leading U.S. energy company investing in grid infrastructure and power generation projects to deliver reliable energy and meet growing electricity demand. With approximately $50 billion in assets and operations across 25 states, Avangrid is helping modernize the U.S. electric grid, improve system resiliency, and support economic growth for the customers and communities it serves. Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Avangrid also has nearly 100 energy generation facilities across the United States and more than 11 gigawatts of installed capacity. Avangrid has more than 8,300 employees and was named among the World's Most Ethical Companies in 2026 for the eighth consecutive year by the Ethisphere Institute. Avangrid is a member of the Iberdrola Group. For more information, visit www.avangrid.com. Media Contact: Michael Baggerman [email protected] 716.368.1284

TOWN OF BOSTON APPLICATION FOR USE OF TOWN MEETING FACILITY Connect Life ToB Blood Drive Name/Organization ___________________________________________ 7 13 2026 Date_____/____/______ Barbara C Moore Name of person responsible for facilities__________________________________________________ Title _____________________________________________________________________________ Applicant Address _ ____________________________________ Applicant Daytime Phone #_ 40? __________________# Of Attendees:______________ *Please see attached Date(s) Requested*_______________________Time 2-7 pm ______________ Blood Drive Type of Event_____________ I, THE UNDERSIGNED, REQUEST PERMISSION TO USE THE FOLLOWING: (check all that apply) X _____ Town Hall Community Room w/o Kitchen _____ Planning Board Room ______ Court Room I agree that all facilities used will be properly cleaned to the best of my ability upon completion of the event and that I will be responsible for any damages caused to any of the facilities or grounds . SIGNATURE OF APPLICANT: ________________________________________________________ Upon Completion, please submit to Town Clerk ************************************************************************************** 7/14/26 APPROVED/DENIED : _____________________ (date) INSPECTION: _________________________ (date)

PUBLIC HEARING TOWN OF BOSTON TOWN BOARD NOTICE IS HEREBY GIVEN that a Public Hearing will be held by the Town Board of the Town of Boston on the 16th day of September, 2026 at 7:35 p.m., at the Town Hall, 8500 Boston State Road, Boston, New York, for the purpose of considering the application of Matt Kolo Excavating, LLC for Site Plan Approval of a proposed Office Building to be located at 7631 Zimmerman Road, Boston, New York, SBL 226.01-8-1.12, within the C- 2 General Commercial District. The complete site plan application is on file at the Office of the Town Clerk and is available for review by any interested person during business hours. At such public hearing, all persons interested, who wish to be heard, will be heard. BY ORDER OF THE TOWN OF BOSTON TOWN BOARD Dated: August 19, 2026 Published: August 27, 2026 Sandra L. Quinlan Town Clerk An Equal Opportunity Provider & Employer

Schedule Public Hearing for Fire Contracts October 21, 2026 at 7:35 pm

TOWN OF BOSTON – RESOLUTION NO. 2026 – 61 APPROVING SITE PLAN FOR MATT KOLO EXCAVATING, LLC 7631 ZIMMERMAN ROAD WHEREAS, Matt Kolo Excavating, LLC has submitted an application to the Town of Boston for Site Plan Approval to construct a commercial office building at property located at 7631 Zimmerman Road, Town of Boston, Erie County, New York (SBL No. 226.01-8-1.12), within the C-2 General Commercial District; and WHEREAS, the proposed building and related site improvements are depicted on the proposed site plan identified as Sheet S1.0, together with the architectural rendering and other materials submitted by the applicant; and WHEREAS, the Town Code Enforcement Officer inspected the subject property and determined that the existing use of the property for the storage of contractors’ equipment and materials is permitted within the C-2 General Commercial District pursuant to Town Code § 123- 78(A)(19)(h); and WHEREAS, the Town Board referred the application to the Town of Boston Planning Board for review and recommendation; and WHEREAS, the Planning Board reviewed the application at its meeting held on August 11, 2026, and recommended that the Town Board approve the proposed project; and WHEREAS, the Town Board has reviewed the proposed action in its entirety and has determined that it constitutes a Type II action pursuant to the State Environmental Quality Review Act and 6 NYCRR § 617.5(c)(9), because it involves the construction of a nonresidential structure or facility containing less than 4,000 square feet of gross floor area, together with customary appurtenant site improvements, does not involve a change in zoning or a use variance, is consistent with applicable local land-use controls, and does not involve a radio communication or microwave transmission facility, and therefore requires no further review under SEQRA;; and WHEREAS, the Town Board conducted a duly noticed public hearing on September 16, 2026, at which all persons wishing to be heard were given an opportunity to comment on the application; and WHEREAS, the Town Board has reviewed the site plan application, the recommendation of the Planning Board, the public comments received, and all other relevant materials submitted in connection with the proposed project;

NOW, THEREFORE, BE IT RESOLVED, that the Town Board of the Town of Boston hereby approves the Site Plan submitted by Matt Kolo Excavating, LLC for the property located at 7631 Zimmerman Road (SBL No. 226.01-8-1.12), authorizing the construction and use of the proposed commercial office building and related site improvements depicted on the approved plans, subject to the following conditions: 1. The project shall be constructed and maintained in substantial conformity with the approved site plan, architectural rendering, and other application materials submitted to and approved by the Town Board. 2. No improvements or uses are authorized by this approval other than those specifically depicted or described in the approved plans and application materials. 3. Any material modification to the approved site plan, or any additional building or site improvements, shall require further review and approval by the Town, as required by the Town Code. 4. The applicant shall obtain all necessary building permits and other permits or approvals required by the Town of Boston and any other agency having jurisdiction before commencing construction. 5. All stormwater runoff, drainage, erosion-control measures, landscaping, parking areas, and access improvements shall be installed and maintained in accordance with the approved plans and all applicable Town requirements. 6. This Site Plan Approval shall expire one year from the date of this Resolution unless substantial construction has commenced in accordance with the approved plans. BE IT FURTHER RESOLVED, that this approval is based upon the proposed site plan identified as Sheet S1.0, the architectural rendering, and the other materials submitted by the applicant in support of the application. On September 16, 2026, the question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows: Yes No Abstain Absent Councilmember Selby [ ] [ ] [ ] [ ] Councilmember Penders [ ] [ ] [ ] [ ] Councilmember Stephan [ ] [ ] [ ] [ ] Councilmember Martin [ ] [ ] [ ] [ ] Supervisor Keding [ ] [ ] [ ] [ ] ____________________________ Sandra L. Quinlan, Town Clerk

TOWN OF BOSTON – RESOLUTION NO. 2026 - 62 AUTHORIZING THE TOWN COURT TO APPLY FOR A JCAP GRANT WHEREAS, the Town Court of Boston has identified the need for funding to improve its operations and facilities; and WHEREAS, the Justice Court Assistance Program (JCAP) provides grant opportunities to support the needs of local courts; and WHEREAS, it is in the best interest of the Town of Boston to support the Town Court’s application for this funding; BE IT RESOLVED, by the Board of the Town of Boston as follows: The Board of the Town of Boston authorizes the Boston Town Court to apply for a JCAP grant in the 2026-27 grant cycle up to $30,000.00; BE IT FURTHER RESOLVED, that Jason Keding, as Supervisor of the Town of Boston, is hereby authorized and directed to accept funds from the Justice Court Assistance Program (JCAP) during the 2026-27 grant cycle, in an amount not to exceed $30,000.00, and to enter into and execute a project agreement with the State for such financial assistance to the Town of Boston for the improvement of the Town Court facilities, and be it further RESOLVED, that upon approval of the application for financial assistance, the Town make available any necessary funds to satisfy the requirements and reimbursement of the funding program, and be it further RESOLVED, that the Town Board authorizes the Supervisor to sign all documents and agreements related to the Justice Court Assistance Program (JCAP) grant. RESOLVED, that this resolution shall take effect immediately. On September 16, 2026, the question of the adoption of the foregoing Resolution was duly put to a vote on roll call, which resulted as follows: Yes No Abstain Absent Councilmember Selby [ ] [ ] [ ] [ ] Councilmember Penders [ ] [ ] [ ] [ ] Councilmember Stephan [ ] [ ] [ ] [ ] Councilmember Martin [ ] [ ] [ ] [ ] Supervisor Keding [ ] [ ] [ ] [ ] ____________________________ Sandra L. Quinlan, Town Clerk

Alcoholic Beverages: Are you serving alcohol? _ _ Yes _ ✔ _No (IF SERVING ALCOHOL, CHECK ALL Are you having a Private Party? _ _ Yes _ ✔ _No THAT APPLY ) Are you having a Public Special Event? _ ✔ _ Yes _ _No PLEASE NOTE: ALL parties must submit a Certificate of Insurance 1 week before your event. Public Special Events serving alcohol must also submit a copy of your NYS Liquor License 1 week before your event. Certificates of Insurance: You must list the Town of Boston as additionally insured and the dates of the event must be on the Certificate of Insurance. Your insurance agent can help you with this. The following is a list of Liability amounts needed: Private Party (Host Liquor) $ 500,000 Public Special Event (Liquor Legal) $1,000,000 Ride Vendor $1,000,000 Fireworks $1,000,000 Sporting Leagues $1,000,000 FEES: A $75 Maintenance Fee must be included with this application. These funds will be utilized to cover the cost of bathroom supplies, final clean up and administrative costs. KEYS: Keys may be picked up on the business day before the scheduled event and should be returned the first business day immediately following. TOWN OF BOSTON PROPERTIES ARE SMOKE FREE COMMUNITY EVENTS SIGN: If your organization needs to use the Community Announcement sign near the Emergency Squad Bldg, the “Request to use Coming Events Sign” application must be completed and submitted to the Highway/Parks Dept. This form can be obtained from the Town Clerk’s Office or at www.townofboston.com. Requests may be submitted after September 1st the year before your event. I agree that all facilities used will be properly cleaned to the best of my ability upon completion of the event and that I will be responsible for any damages caused to any of the facilities or grounds . I will submit to the Town Clerk all Certificates of Insurance and NYS Liquor License if necessary at least 1 week prior to my event. I have contacted the above mentioned sporting leagues and there are no conflicts with dates. SIGNATURE OF APPLICANT: ________________________________________________________ Upon Completion, please submit to Town Clerk ************************************************************************************** FEE REC’D______________ APPROVED/DENIED : _____________________ ( date) (date) Revised 5/2022

Allison Koczur Event Coordinator, Town of Boston [email protected] September 8, 2026 Town Board Members: As the current event coordinator, and planning ahead for next year’s series, I’d like to request the dates listed below for our 2027 Summer Concert Series. I have also requested four rain dates as well as Tuesdays in June, in the event our funding is restored, and we can expand upon the series. Concerts will run from 6:30 PM until 8:30 PM. Concert Dates (June) Concert Dates (July/Aug.) Rain Dates (Thursdays) 1. June 1 6. July 6 1. July 15 2. June 8 7. July 13 2. July 29 3. June 15 8. July 20 3. August 12 4. June 22 9. July 21 3. August 26 5. June 29 10. August 3 11. August 10 12. August 17 13. August 24 14. August 31 I am available to meet at your convenience to discuss any details or address any questions the Board may have about next year’s Summer Concerts. These concerts have consistently brought enjoyment to our community and highlighted our Town’s commitment to cultural enrichment and community involvement. Thank you for considering my request, and please do not hesitate to contact me at [email protected] for any further information or to arrange a meeting. Sincerely, Allison Koczur 2026 Event Coordinator Town of Boston