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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 -