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3. RECEIVABLES Major revenues accrued by the Town at December 31, 2025 include: Receivables—Represents amounts due from various sources. The Town’s significant accounts receivable at December 31, 2025 are presented below: General Fund Franchise Fee $ 24,811 Miscellaneous 3,957 $ 28,768 Intergovernmental Receivables—Represents amounts due from other units of government, such as Federal, New York State, County of Erie or other local governments. Amounts due to the Town at December 31, 2025 are: General Highway Garbage and Fund Fund Refuse Fund Total NYS - Trooper Rent, DASNY Grant $ 83,247 $ - $ - $ 83,247 Erie County - Polling place, Aging Clean-up 1,421 - - 1,421 Various Town Departments 18,631 74,693 1,674 94,998 $ 103,299 $ 74,693 $ 1,674 $ 179,666 Lease Receivable—During the year ended December 31, 2025, the Town recognized the lease of a building to a third party. The lease has just under ten remaining years and the Town receives monthly payments that are currently $8,247. The Town recognized $56,968 in lease revenue and $37,305 in interest revenue during the current fiscal related to this lease. As of December 31, 2025 the Town’s receivable for lease payments was $649,300. 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, 2025 the balance of the deferred inflow of resources was $503,222. Taxes Receivable—During the year ended December 31, 2025, the Town incurred expenses related to property clean up charges where a property was deemed to have unsafe conditions. These charges will be placed on the tax roll as a lien on the property that received the service. As of December 31, 2025, a tax receivable in the amount of $1,500 is recorded in the General Fund. - 93 -