3/10/26 Board Packet ​ (full text)

AGENDA VILLAGE OF GOWANDA BOARD MEETING March 10, 2026 6:00 PM 5:30 Work session 2026-2027 DRAFT #2- Tentative Budget Review 1. Call to Order 2. Pledge to the flag 3. Agenda Approval 4 . Meeting Minutes . Public Participation On . Correspondence nN . Board Round Table > . Official Business iv] a. Mayor/Board of Trustees « Gowanda Library Request for Additional Financial Support-action e Academy Place Property Tax Exemption Memo b. Code Enforcement « 2025 Annual Uniform Code & Energy Code Administration & Enforcement Report Complete c. ZBA d. Public Works Highway ~ Adam Reid e Maltbie/West Hill Street Drainage and Road Reconstruction e Highway Employment Ad for Vacant Position Sewer — Andy Carriero Water — Kirk Trumpore e Water Line Break Emergency Repair on Dawson Drive 2/18/26 — action e Water Line Break Emergency on Cemetery Hill 3/3/26- action e« Water Line Leak Emergency on Maple Ave 3/4/26 - action e WNY American Public Works Association Award e Water Service Line Inventory-Door to Door starting in March 2026 ¢ Point Peter Reervoir FEMA Funding Received 2/18/2026- Fully Reimbursed

d. Clerk — Danielle Wagner e Credit Card policy e. Police - Ross Olszewski f. Disaster Coordinator- Nick Crassi g. Fire —Carol Sheibley/Paul Zimmermann e Declare the 2008 Ford F350 as surplus-action e. Approval to list 2008 Ford F350 on auctions international-action h. Environmental-Phil Palen e Accept Tree Donations of $250 in Jack Torrance Memory to be move to the Tree Reserve-action i, Joint Activity/Recreation — Carol Sheibley j. Legal - Deb Chadsey k. Treasurer — Traci Hopkins © 2025-2026 Tentative Budget - DRAFT #2 — action ¢ Authorization to set the 2026-2027 Budget Public Hearing for Tuesday, March 31* at 5:00- action e Accept the Single Audit and Financial Statements Provided by RA Mercer for period ending 5/31/2025 - action e Authorization to Submit DOCCS Updated Waste Water Collection & Treatment Contribution Rate effective 6-1-2026 per Audited Financials for period 5-31-2025- action Authorization to renew Health Coverage with Highmark BC/BS effective 6/1/2026- action eeeeesee#8#e#e¢@ MRC Big Trash Pick-up (May 18, 2026) Agreement — action BOA Predevelopment Contract Amendment — action BOA Predevelopment & Marketing Consultant RFP- action Department of State AVM/OPWDD Building Demo Congressman Langworthy Community Project Funding Request Accept Insurance Proceeds for Fire Ariel Truck Towing @ $860- action Budget Amendment #4- General Fund Insurance Proceeds — action Budget Modification #5 — General & Sewer Fund - action Finance Report February 2026 Abstract Bills to Pay February 2026 — action 9. Next Meeting Announcement — April 21, 2026 10. Adjournment

Village of Gowanda Board Meeting Minutes. February 10, 2026 The Village of Gowanda Board of Trustees meeting was called to order by. Mayor Nephew at 6:00 PM. Present: Mayor Mark Nephew, Trustee Peter Sisti, Trustee Paul Zimmermann, Trustee Wanda Koch, Trustee Carol Sheibley Employees: Clerk Danielle Wagner, Treasurer Traci Hopkins, WWTP Supervisor Andy Carriero, OIC ’_ -Ross Olszewski, Code George Poff, Jason Pickering . Absent: Highway Supervisor Adam Reid, Water Supervisor Kirk Trumpore, Attorney Deb Chadsey Public Present: GARC-Sean Chirstopher, Rob Gaylord, Mike Hutchinson Agenda & Minutes Motion 2-143-Motion by Trustee Zimmermann, seconded by Trustee Koch to approve the agenda for the February 10, 2026 meeting. Motion carried. Motion 2-144-Motion by Trustee Sisti, seconded by Trustee Zimmermannto approve the minutes from the January 13, 2026 meeting. Motion carried. Public Participation No public comment Correspondence ¢ CDBG St Johns Park improvements-splash pad awarded at $150,000. * CDBG Hollywood Theater stage improvements letter-not funded e ZBA minutes from 1/29/26 meeting Official Business Treasurer Motion 2-145-Motion by Trustee Koch, seconded by Trustee Sheibley to approve the 2026-2027 Budget draft 1. Motion carried. Motion 2-146-Motion by Trustee Zimmermann, seconded by Trustee Sisti to approve the Peter Cooper 2026 budget transfer of $3,286.55 to the OM & M Trust for anticipated operating expenses. Motion carried. Motion 2-147-Motion by Trustee Sisti, seconded by Trustee Zimmermann to approve the Fire Protection contract renewal 2027-2029 Town of Persia District 1 & District 2. Motion carried.

Motion 2-148-Motion by Trustee Koch, seconded by Trustee-Sheibley to approve the Fire Protection contract renewal 2027-2029 Town of Collins. Motion carried. Big Trash request for quotes went to out to five companies. Only one was received back to the Village from MRC with spring pick up on May 18, 2026. Motion 2-149-Motion by Trustee Koch, seconded by Trustee Sheibley to approve the Big Trash pick-up proposal with MRC at $17,990. Motion carried. The NY Forward Small Project Fund will provide grants for building improvements, business equipment, and public art, Theres a very restrictive program guidelines, with funding available to property owners within the NY Forward Boundary with priority given to previous applicants. Applicants will have a 25% match. All details will be worked though once a consultant is identified to assist the Village in project management and grant administration. To get things started a contract for NY Forward smail project fund with Home and Community Renewal was provided to the board for approval. Motion 2-150-Motion by Trustee Sisti, seconded by Trustee Sheibley to approve the NY Forward Small Project Fund contract authorization with Home and Community Renewal (HCR) for $655,00, Motion carried. : The abstract bills to pay was provided to the board for approval. Motion 2-154-Motion by Trustee Koch, seconded by Trustee Sheibley to approve the abstract bills to pay for General $ 20,796.09, Water $ 2,809.73, Sewer $ 15,456.13, and Capital Projects $ 30,011.00. Motion carried, Mayor/Board of Trustees The Village received the appraisal of 10 Mill St old ambulance building. itis appraised at $115,000. The board needs to have a plan for the police and water vehicles before it can consider selling the building or a plan for the building if the decision is not to sell. Motion 2-152-Motion by Trustee Sisti, seconded by Trustee Zimmermann to accept Wanda Koch NYS Retirement Resignation effective February 27, 2026 for retirement purposes, Motion carried. Motion 2-153-Motion by Trustee Sheibley, seconded by Sisti to approve to rehire Wanda Koch as a retiree for NYS Retirement proposes effective March 2, 2026. Motion carried. GARC is applying for NY Play Grant to enhance or build a new playground at Gateway Park. There is a 20% match for what ever total you apply for. GARC is seeking support fromthe Village Board to move forward. ’ Motion 2-154-Motion by Trustee Koch, seconded by Trustee Sheibley to approve the request to support GARC playground structure grant application NY Plays RFA. Motion carried. Gowanda Free Library submitted a request to increase the Villages annual financial contribution. The library is asking for an additional $1500.00. More discussion will take place next month as the increase seems to be high. The board would like to see a history of increase given to the library over the past several years. Code-George Poff, Jason Pickering Minutes February 10, 2026 ; 2|Page

Building permits 3, business permits 0, complaints filed 0, violations on patrol 3, notices sent 3, inspections 3, pending court cases 1. The rental property registration law has penalties that will be assessed when an owner fails to register with the Village of Gowanda. Those are not less than $100 or more than $1000 per day and would be set by a judge if it were to go to court. The Village would not set those penalties, Motion 2-155-Motion by Trustee Koch, seconded by Trustee Sheibiey: to approve the Rental Property Registry Local Law 1 of 2026. Mation carried. Water-Carol Sheibley Water had 2 water hearings for leak forgiveness. Motion 2-156-Motion by Trustee Sisti, seconded by Trustee Sheibley to approve the water hearing leak forgiveness on January 29"". Motion carried. Motion 2-157-Motion by Trustee Sisti, seconded by Trustee Sheibley to approve the water hearing leak forgiveness on February 3%, Motion carried. Police-Ross Olszewski Motion 2-158-Motion by Trustee Zimmermann, seconded by Trustee Sisti to approve the Erie County BOCES ride along intern student from April 27-June 5. Motion carried. Motion 2-159-Motion by Trustee Sisti, seconded by Trustee Koch to approve to hire Brian Kohler as part time police officer. Motion carried. Next Meeting Next meeting will be March 10, 2026 at 6PM. Adjourn Motion 2-160-Motion by Trustee Koch, seconded by Trustee Zimmermann to adjourn the meeting at 7:18 PM. Motion carried. Respectfully submitted Danielle Wagner Clerk Minutes February 10, 2026 ~ 3|Page

Heaithy =) AL Lt Community AN € 6 To: Village of Gowanda Board of Trustees From: Ann Battaglia, CEO, Healthy Community Alliance, Inc. President, Academy Place Housing Development Fund Company Date: February 24, 2026 Re: Property Tax Exemption Application Summary This is intended to summarize the Application for Real Property Tax Exemption filed on February 19, 2026, by Academy Place Housing Development Fund Company, Inc. (the “HDFC”), as legal title holder of the real property known as 1 School Street, Tax Parcel No. 8.075-1-1. 2/1 (the “Subject Property). 1. The Subject Property. The building containing the Subject Property is the former school building located at 1 School Street in the Village of Gowanda, Cattaraugus County, NY. The Subject Property is a separate condominium unit known as Unit A (Tax Parcel No. 8.075-1-1. 2/1) and consists of 32 senior and low income housing units commonly known as the “Academy Place Apartments”. The Subject Property is currently exempt from real property taxation under §577 of the Private Housing Finance Law pursuant to a Payment in Lieu of Tax Agreement dated September 23, 2008, as modified as of November 16, 2011, and modified further as of July 14, 2020. 2. The PILOT Agreement. The PILOT Agreement is scheduled to expire, by its terms, fifteen (15) years from the effective date of the permanent financing for the Project. The permanent financing for the Project closed as of February 9, 2012, so the PILOT Agreement and the real property tax exemption afforded to the Subject Property under §577 of the Private Housing Finance Law pursuant to the PILOT Agreement are scheduled to expire on February 8, 2027. 3. Status of HDFC. The legal title holder, HDFC, was formed pursuant to Article XI of the Private Housing Finance Law and Section 402 of the New York Not-for-Profit Corporation Law. The HDFC is itself exempt from federal income tax pursuant to Section 501(c)(3) of the Internal Revenue Code. 4. HDFC's Sole Member, Healthy Community Alliance, Inc. Healthy Community Alliance, Inc. ("HCA") is the HDFC’s sole member. HCA is a New York not-for-profit corporation that is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. 5. Use of Subject Property, Regulatory Agreements and Restrictive Covenants. The Subject Property and 100% of the apartment units within the Subject Property are currently used exclusively for the charitable purpose of providing housing for persons of low income at below market rates and subject to regulatory agreements and restrictive covenants. 6. Limited Partnership. In connection with the housing project, the HDFC and Academy Place Apartments, L.P. (the "Limited Partnership") executed a Declaration of Equity and Interest Agreement recorded in the Cattaraugus County Clerk's office on October 3,

2008, pursuant to which it was agreed that the HDFC would "bear legal title and record ownership" in the Subject Property, and that the Limited Partnership would hold all the “equitable title and beneficial ownership interest” in the Subject Property. The Limited Partnership has joined with the HDFC in submitting the Exemption Application because the Limited Partnership holds an equitable interest in the Subject Property. Acquisition by HCA of Limited Partnership Interests. At the inception of the Project, the Limited Partnership was comprised of a General Partner, the HDFC, which held a .01% interest in the Limited Partnership, and a limited partner, Key Community Development Corporation ("Key"), which held a 99.99% interest in the Limited Partnership. Pursuant to a Limited Partner Interest Purchase Agreement dated as of December 31, 2025, Key transferred its 99.99% interest in the Limited Partnership to HCA of dated as of December 31, 2025. Accordingly, HCA, a New York nonprofit corporation that is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code, became the sole owner and partner of the Limited Partnership effective December 31, 2025. Commonality of Management and Control, The HDFC, as holder of legal title to the Subject Property, and the Limited Partnership, as holder of the equitable title to the Subject Property, are under common management and control by HCA, which is the sole Member of the HDFC and sole Limited Partner of the Limited Partnership. Charitable Purposes and Nonprofit Status of Limited Partnership. The Amended Limited Partnership Agreement currently provides that the general character and purpose of the Partnership shall be to operate housing that the Partnership owns in a manner that furthers charitable purposes by providing decent, safe, sanitary and affordable housing for low-income elderly and operate as specified in Section, 501(c)(3) of the Code; no part of the net income, net earnings or assets of the Partnership shall inure to the benefit or profit of any individual, or any partner, firm, corporation, association or entity that is not operated exclusively for religious, charitable, scientific, literary or educational purposes. 10. Summary & Request for Exemption from Real Property Taxes. The Subject Property should be deemed fully exempt from real property taxation pursuant to Real Property Tax Law §420-a for the following reasons: legal title to the Subject Property is owned by the HDFC, a tax-exempt entity that is organized and conducted exclusively for charitable purposes; equitable title to the Subject Property is owned by the Limited Partnership, which operates exclusively for charitable purposes, of which the HDFC is general partner and HCA (the HDFC's sole member) is the sole limited partner; there is commonality of management of the HDFC and Limited Partnership in that both are managed and controlled by HCA, which is the sole Member of the HDFC and sole limited partner of the Limited Partnership; the Subject Property is used exclusively for carrying out charitable purposes of providing housing to very low income elderly or disabled persons; the Subject Property is subject to the Regulatory Agreements requiring that the apartments comprising the Subject Property be rented at below-market rates to very low income elderly or disabled persons; no pecuniary profit, apart from reasonable compensation, inures to the benefit of any officers, members, or employees of the HDFC, the Limited Partnership, or HCA; upon dissolution of the HDFC and Limited Partnership, the Subject Property will not be conveyed or distributed to any individual or organization created or operated for profit.

Village of Gowanda Office of Code Enforcement Monthly Report for February 2026 Building Permits Applications: 3 Permits Issued: 3 Fees Collected: $708.00 Inspections: . 2 Business Permits Applications: 0 Permits Issued: 0 Fees Collected: 0 Property Maintenance Complaints Filed: 1 Violations on Patrol: 4 Violation Notices Sent: 4 Compliance Notices Issued: 1 Inspection Request: 4 Inspections: 2 Legal Action Pending Court Cases: 1 New Court Summons Issued: 1 Gowanda P.D. Assistance: 0. NEW INFORMATION e Year-end report completed, sent, and accepted to the Dept. of State. o 15-page report that now askes for detailed information in regards to Article 19 NYCRR1203.3 — number of multi dwelling units in the village and number of annual inspections. e¢ Submitted Zombie / Abandoned property list to Catt. Co Zombie Task Force.

¢ Met with the Erie County Task Force on February 11, 2026 @11am. The meeting was productive. They toured several properties, taking picture s and video that can be found on their Facebook page (Erie County Clerk’s Zombies Initiativ e). e Working with the WNY Law Center to provide workshops for the community to educate and provide guidance on several issues. : © Evictions ~ for people facing evictions from landlords. o -Smali Business Legal Clinic — providing free legal services for new small businesses. o Bankruptcy — Answering legal questions for people facing bankrup tcy. o Mortgage & Tax Foreclosure — Answering legal questions for people facing Mortgage and or tax foreclosures. OLD INFORMATION ¢ Complaint forms need to be completed and submitted when bringin g concerns to our attention. They are imperative if the issue rises to the level of legal and/or court action. Spring Safety & Property Maintenance Reminder As we transition into spring, residents are reminded to inspect their propert ies for seasonal - hazards and maintenance issues in accordance with the New York State Uniform Fire Prevention and Building Code and the New York State Property Maintenance Code. Spring thaw and wet weather can create unsafe conditions. Please take time to: « Inspect roofs, gutters, and downspouts for winter damage and ensure proper drainage away from foundations. Check basements and crawl spaces for water intrusion ot mold concerns. Remove yard debris, fallen limbs, and trash that may creste fire or pest hazards . Maintain lawns and vegetation to prevent overgrowth and rodent harborage. Inspect decks, porches, and stairs for loose railings or structural deterio ration. Ensure sump pumps discharge properly and do not create drainage issues on neighboring properties. * Obtain required permits before beginning spring constrution projects such as decks, sheds, fences, pools, or renovations. *Property maintenance is a shared responsibility that protects public safety, neighborhood appearance, and property values. Addressing minor concems eatly helps prevent larger, more costly issues later in the season. For questions regarding permits, inspections, or compliance requirements, please contact the Code Enforcement Office. Stay safe and enjoy the spring season responsibly.

LAW CENTER Are creditors threatening to sue? Are Facing mortgage foreclosure? you struggling with debt issues? call (716) 855-0203 ext. 18 Call CLARO at (716) 828-8432 Need help with a tax foreclosure issue? call (716) 855-0203 ext.124 Free Legal Is your child facing a suspension? Services for Entrepreneurs Self-help materials: wnylc.com/schools & Small Businesses Suspension Hotline (716) 220-7081 Email us at [email protected] or call (716) 828-8457 Email [email protected] to learn about hosting a Know Your Rights presentation Questions about Bankruptcy? Is there a property that looks abandoned Email us at [email protected] in your neighborhood? Report it here: call (716) 855-0203 ext. 121 [email protected] https://wnylc.corn/bankruptcy-services (716) 855-0203 ext. 138 Facing an Eviction? Call (716) 828-8456 Or email us at [email protected] THESCHOOL DISCIPLINE PROJECT THE NEW YORK BAR FOUNDATION Civil Legal Advice and Resource Office A program of the WNY Law Center

LAW CENTER ° A wage garnishment can often be stopped with a motion to vacate the judgment. j ° ¢ The Fair Debt Collection 7 remainin your Practices Act outlaws certain foreclosure process. ° There are different types of business antities: (Sole Propriet suspension notice if your chile Partnership, LP, LLC, etc.) each offers suspended that contains a different levels of liability protection description of what your child is and has different tax implications. accused of and your rights. * The law requires banks to complete required maintenance for vacant Filing Chapter 7 Bankruptcy can foreclosed homes inc iding cutting j stop a foreclosure as well as grass, securing the property against other collection efforts. squatters and removing garbage. ® It is iHegal for your landlord to evict you by changing your loc e It is illegal for your landlord to evict you by cutting off any utilities included in your rental agreement. ** This information was gathered in July 2024 and it does not constitute fegal advice. This sheet attempts to summarize existing laws without stating the opinion of WNYLC. THESCHOOL ERIE COUNTY Gene's = | DISCIPLINE iW a ; ; THE NEW YORK ChlA program Lega Advice and Resa of the WNY Law¢ PROJECT = A program of the WNY Law Center eeu, NETIATIWVE l BAR FOUNDATION

Sewer Department Board Meeting Report March 2026 Daily Responsibilities: Daily Readings/Reports and Plant Inspection Pump approx. 10,000 gallons of primary sludge to sludge thickening tank. Pump thickened sludge to Digester as needed. Lab Samples two times per day. Ongoing Responsibilities: Belt Press Sludge Repair and rebuild pumps. Clean Tanks. Flush Sewers (as needed and per maintenance schedule). General upkeep of grounds and buildings. These items are directly related to the treatment plant. This month additionally we have: Completed Monthly DMR for NYSDEC. Assisted and received assistance from Highway and Water as needed. Marked dig notices. NYSDEC had a contractor sample Landfill #2 on Panther Drive on the 25" and 26" of February. e NYSDOT plow hit another manhole on Main Street, it will be repaired when weather permits. e Andy tentative retirement date June 12. e Annual DEC inspection is scheduled for the 13%.

Gowanda Water Department MONTHLY BOARD REPORT Gowanda- Processed 11,611,100 gallons for the month of February for a daily average of 414,500 gallons. 10 Ufpo. Processed 10 work orders. Plowed water stuff. Spent a lot of time searching for leaks. Found a few house leaks. Had 2 frozen water lines on buffalo St. Attempted to unthaw the one no luck. Hose bib both of those ones. Had 3 frozen water lines on west main St. Successful unthawed one attempted the other with no luck. Hose bib 2 places. Frozen water line on walnut St. No luck unthawing, ended up having to hose bib them. Call in Gallman to fix leak on Dawson drive. Very busy and hectic month for us with all the different leaks in both Gowanda and Collins along with the frozen service lines in Gowanda. Collins 1- Processed 2,039,000 gallons for a daily average of 72,800 gallons. 8 Ufpo. Processed 2 work orders. Lot of plowing. Had a leak on quaker st at a bel! joint. Had Gallman fix that leak. Had a leak on rt 39 at a bell joint had Northrup fix that leak. Shut off a leaking house service line. Rent manlift to fix Bagdad rd. tank roof panels that were damaged. Replace pump parts. Clean injector. Receive chemicals. Collins 3- Processed 791,154 gallons for a daily average of 28,255 gallons. Plow driveway. Receive chemicals.

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CREDIT CARD POLICY Introduction The Village of Gowanda (The Village) credit card is a purchase card system benefiting the Village and the Villages authorized user of the credit card by allowing purchases to be made from vendors for certain types of goods and/or services that are not available through other procurement means or from other vendors. Policy Usage of the Villages credit card is allowed at the discretion of the Treasurer to current employees who are granted: Village purchasing authority. Delegation of Village purchasing authority governs the use of the credit card as a tool for purchasing materials and services that follows the Villages the Purchasing Policies and Procedures; use of this card is restricted to the purchasing of those goods or services that cannot be procured through normal procedures. The use of the credit card does not justify the payment of any sales taxes for which the Village is exempt. As in all other purchases, the merchant shall ’ be given a copy of the Villages tax exemption letter issued by the NYS Department of Taxation and Finance and accordingly, state sales tax should not be charged. This is also applicable to all telephone and internet orders. Compliance with Policy, Violations and Consequences Purchases made under this credit card policy and agreement shall comply with the Village Purchasing Policy and Procedures. Card user violations of this agreement or of any policy regarding the purchase of goods or services will be investigated and may result in any or all the following actions, but not limited to: written warning, revocation of credit card privileges, cancellation of delegation of purchasing authority, disciplinary action, termination, and/or criminal prosecution. Human error and extraordinary circumstances may be taken into consideration when investigating any violation of this agreement. The Village Treasurer (Treasurer) or designee has the authority to investigate and to determine whether a violation of purchasing or credit card policy has occurred and to determine action deemed most appropriate pursuant to applicable law and/or Village policy. Violations of credit card usage include but are not limited to: «Purchase of items for personal use « Gasoline for personal vehicles

= Alcoholic beverages « Use of the credit card for cash advances = Exceeding the credit card account credit line limit « Failure to return the credit card when card user is reassigned, terminated or upon request * Failure to turn in receipts or other back up documentation to the V Treasurer within three (3) business days of the purchase " Sharing the credit card or card account number with unauthorized users Ownership and Cancellation of the Credit Card The credit card remains property of the issuing company. It may not be transferred to, assigned to, or used by anyone other than an authorized user of the Village. Users of the credit card are accountable for the activity on the card. The issuer or the Village may suspend or cancel user privileges at any time for any reason. If the user is in possession of a card, the user will surrender the credit card upon request to the Treasurer or to any authorized agent of the issuer. Receipts It is the responsibility of each credit card user to obtain transaction receipts from the merchant each time the credit card is used, including telephone and internet charges. These are to be immediately forwarded to the Treasurer for review and ensure eligibility for payment. Failure to provide the required documentation for payment processing may subject the user to loss of credit card privileges and may cause the amount charged to be classified as a personal purchase by the card user. Failure to provide receipts and allow for timely payment of the credit card purchase will also subject the purchasing department to finance charges on the charge. Disputed Items It is each user’s responsibility to follow-up on any erroneous charges, returns or adjustments to ensure proper credit is given on subsequent statements. Safeguarding an Issued Credit Card An issued credit card or card account number should always be treated with utmost care and should be kept in a secure location and protected from misuse by unauthorized users. When using the credit card for internet purchases, users should ensure that the site utilizes industry recognized encryption transmission tools.

Lost or Stolen Credit Cards ° If a credit card is lost or stolen, contact the Treasurer immediately, who will contact the issuer and take the appropriate steps to protect the account from unauthorized purchases. Authorization Village employees must receive approval from. the Village Treasurer to have permission to use the Villages credit cards. Each department is responsible for notifying the Village Treasurer of their authorized users of the Village credit card. The department will provide such a listing which includes the signature of each user to the Treasurer. Any additions or deletions to this authorized list will require same method of notification. The credit card may be used only by Village authorized users who have authority to buy goods and services on behalf of the Village of Gowanda. Each user is responsible for ensuring safeguard of the credit card information. The Treasurer helps ensure the proper use of credit cards by overseeing the Village implementation and use of the card and/or account number. Responsibility of Credit Card Users Authorized employees must use the card responsibly and in accordance with this policy. Credit card user responsibilities include, but not limited to: * Purchasing items for Village of Gowanda business use only » Never lending or sharing the credit card or card account number with unauthorized users = Purchasing only goods and services that are in accordance with the City’s Purchasing Policy "Knowing the credit card limitations and restrictions * Returning the credit card to the Treasurer, as appropriate «Forwarding proof of purchase documents, such as sales receipts or computer print-outs, to the Treasurer immediately after internet or telephone purchase to the Treasurer. The Treasurer and/or designee is responsible for: Implementation of this policy Timely reconciliation of credit card accounts Appropriate record keeping Knowing the credit card limitations and restrictions

Developing and implementing internal procedures that govern The Village use of the credit cards Answering questions about use of cards Monitoring card usage to ensure that Village policies and procedures are being followed Assigning credit card privileges to authorized users Communicating with the Village Board when new or modified cards are necessary and requesting new cards from an approved issuer Communicating with the Village Board when card Cancellations are necessary and terminating of accounts and Individual authority to use cards

GOWANDA POLICE DEPARTMENT VILLAGE OF GOWANDA 27 East Main Street (716) 532-2020 Gowanda, New York 14070 Fax: (716) 532-3777 Ross Olszewski Officer-in-Charge March 1st, 2026 February,2025 MONTHLY POLICE REPORT This report indicates activity through 11:59 pm_ on February 28,2026 - 194 Calls for Service were answered - 7 Police Reports Filed - 2 Uniform Traffic Tickets were issued - 1 Vehicle Accident report filed - 1 Accident Driver Exchange forms completed. - 0 Request for warrants from open investigations - 1 Total Arrests were made: 0 - DWI 1 - Felony 1 - Misdemeanors 0 - Violations 1 - Warrant Served Please contact me at any time regarding questions or concerns. Respectfully submitted, Ross Olszewski #7508 Officer in Charge Gowanda Police Department

Kenneth S. Frank, CPA R. A ° MERCER & co., P.C. Revmong A Meret CPA 1831-1083 Roger J. Lis, Ir. CPA Christopher M. Zera, CPA Certified290Public Accountants Center Road ¥ West Seneca, New York 14224 Phone 716-675-4270 Fax 716-675-4272 Www. ramercercpa.cem February 28, 2026 To the Mayor and Board of Trustees of the Village of Gowanda Gowanda, NY 1am providing this memo in my capacity as the external financial statement auditor for the Village of Gowanda {the “Village”) for the year ended May 31, 2026. As you may be aware, our firm finished the audit of the Village’s financial statements and issued our opinion on them. All the information necessary for purposes of complying with applicable laws and regulations is contained in that report. As you may also be aware, we issued an adverse opinion on these financial statements. This memo, which is not a part of the financial statements or the financial reporting package in any way, is intended to clarify what this opinion means, why it was chosen, and what the ramifications are of issuing such an opinion. The bottom line is the Village’s financial statements are properly stated, the numbers are accurate, items are being recorded correctly, Traci and her staff and the outside fee accountants (Johnson Mackowiak) are doing everything right, and there are no changes to the processes and procedures that need to be made. So, then the question is, why does my audit opinion letter sound scary with mean words like “adverse” on it? The reasons are more due to technicalities really. Governmental entities keep their book on what's called the “modified accrual basis of accounting.” This method of accounting can be viewed as the cash basis of accounting, with certain aspects of accrual accounting sprinkled in. So, capital assets are expensed when purchased and long-term debtis recorded as revenue when the proceeds are received. This is sometimes referred to as “fund accounting” and itis used by governmental entities to, among other reasons, more closely mirror the way governments prepare their budgets to promote fiscal accountability. So, John and Jane Taxpayer down the street don’t want to hear about the Village depreciating a vehicle on their books over 7 years, they want to know, ok, how much was budgeted for the purchase of a truck and how much did the Village pay for the truck. Did they go over budget or were they under budget, and by how much? This is the way that all towns, counties, cities, keep their books. The City of Jamestown, Erie County, Cattaraugus County, etc. So then the federal government comes along with these FEMA and WWIP grants, and the rule is, if an entity spends more than $750 thousand of federal grant money, the entity has to have an audit conducted of both the grant expenditures and of the entity’s financial statements themselves. This audit has to be conducted in accordance with Government Auditing Standards and the auditors’ opinion is based on whether the entity’s statements conform to generally accepted accounting principles. Accounting principles generally accepted in the United States require the presentation of government-wide financial statements on the full accrual basis of accounting. This requires governmental entities to present their financial statement more in line with how a private business would present their statements. So, instead of expensing equipment purchased, you show a capital asset and depreciate that over a number of years. Instead of recorded debt issuance as revenue, you set it up as a long-term liability and reduce it as payments are made in subsequent years. Beeisbirag AICPA)

Now, the Village of Gowanda, being a smaller village, has never had to produce financial statements (at least not recently) that are on the full accrual basis of accounting. That would only be required this year because of the audit requirements that is tied to the federal funding. So, rather than doing an exhaustive accounting of capital assets and auditing prior year balances, the easiest thing to do is to issue an adverse opinion on the overall statements, issue the finding, and move on. All this opinion is saying really, is that the Village’s financial statements don’t conform to generally accepted accounting principles, but that’s really ok because they never had to in the past and they won’t have to in the future. It’s only this federal grant and the auditing requirements attached to it that make this year different. { hope this helps to provide clarity to our report. If you have any further questions or need additional information or additional explanation, please do not hesitate to reach outta me. My office telephone number is 716-675-4270 and my email address is [email protected]. Sincerely, ChasataphinWt. Jura, CA Christopher M. Zera, CPA Shareholder (Partner) R.A. Mercer & Co., P.C. ehibAYf AICPA)

Village of Gowanda, New York Financial Statements, Required Supplementary information, and Federal Awards Information for the Year Ended May 31, 2025 and Independent Auditors’ Report

VILLAGE OF GOWANDA, NEW YORK TABLE OF CONTENTS FOR THE YEAR ENDED MAY 31, 2025 PAGE Independent Auditors' Report Management's Discussion and Analysis Basic Financial Statements: Balance Sheets - Governmental Funds 13 Statements of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds. 14 Notes to Basic Financial Statements 15 Required Supplementary Information: Schedule of the Village's: Proportionate Shares of the Net Pension Asset / Liability - Employees’ Retirement System 34 Schedule of Village's Contributions - Employees' Retirement System 35 Schedule of the Village's Proportionate Shares of the Net Pension Asset / Liability - Police and Fire Retirement System 36 Schedule of Village's Contributions - Police and Fire Retirement System 37 Statement of Revenues, Expenditures, and Changes in Fund Baiances - Budget and Actual - General Fund 38 Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Water Fund 39 Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - Sewer Fund 40 Federal Awards Information Schedule of Expenditures of Federal Awards 42 Notes to Schedule of Expenditures of Federal Awards 43 Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 45° Independent Auditors’ Report on Compliance for Each Major _ Program and on Internal Control over Compliance Required by the Uniform Guidance 47 Schedule of Findings and Questioned Costs 49

pe} a | w) KennethS. Frank, CPA R. A. MERCER & co., P.C. Raymond A. Mercer, CPA 1931-1983 Roger J. Lis, J. CPA Certified Public Accountants Kathryn A. Larracuente, CPA Christopher M. Zera, CPA 290 Center Road . West Seneca, New York 14224 Phone 716-675-4270 Fax 716-675-4272 www.ramercercpa.com INDEPENDENT AUDITORS’ REPORT To the Village Board of the Village of Gowanda, New York Adverse Opinion We have audited the accompanying financial statements of each major fund of the Village of Gowanda, New York (the “Village”), as of and for the year ended May 31, 2025, and the related notes to the financial statements, which collectively comprise the Village’s basic financial statements as listed in the table of contents. in our opinion, because of the significance of the matter discussed in the Basis for Adverse Opinion on the Financial Statements as a Whole section of our report, the financial statements referred to above do not present fairly the financial position of the Village, as of May 31, 2025, or the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Adverse Opinion on the Financial Statements as a Whole Management has not presented government-wide financial statements to display the financial position and changes in financial position of its governmental activities. Accounting principals generally accepted in the United States of America require the presentation of government-wide financial statements. The amounts that would be reported in government-wide financial statements of the Village’s governmental activities have not been determined. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities. under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Village and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our adverse audit opinion. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Village's ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditors’ Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we: ¢ Exercise professional judgment and maintain professional skepticism throughout the audit. & ¢ Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. ¢ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Village's internal control. Accordingly, no such opinion is expressed. * Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. ¢ Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Village's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary. comparison information as listed in the table of contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient eviderice to express an opinion or provide any assurance. . Supplementary information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Village's basic financial statements. The accompanying schedule of expenditures of federal awards, as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, is presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and-other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Reporting Required by. Government Auditing Standards ‘In accordance with Government Auditing Standa rds, we have also issued our report dated Februa ry 28, 2026 on the results of that testing, and not to provide an opinion on the effectiveness of the Village’s financial reporting or on compliance. That internal control.over report is an integral part of an audit perfor Government Auditing Standards in considering med in accordance with the Village's internal control over financial report ing and compliance. R.A, Mercer & Co., P.C. West Seneca, New York February 28, 2026

VILLAGE OF GOWANDA, NEW YORK Management’s Discussion and Analysis May 31, 2025 As management of the Village of Gowanda, New York (the Village”), we offer readers of the Village’s financial statements this narrative overview and analysis: of the financial activities of the Village for the year ended May 31, 2025. This document should be read in conjunction with additional information that we have furnished in the Village’s financial statements which follow this narrative. Financial Highlights * At the close of the current fiscal year, the Village’s govern mental funds reported a combined ending fund balance of $1,508,832 a decrease of $1,739, 795 in compatison with the prior year amount of $3,248,627. This decrease is a result of expenditures exceeding revenues in the Capital Projects fund during fiscal year 2025 related to the Villages two large capital projects. : » At the end of the current fiscal year, unassigned fund balance for the General Fund was $1,163,094, or approximately 68 percent of total General Fund expendi tures, This compares with the prior year when the unassigned fund balance for the General Fund was $1,006,254, or approximately 52 percent of total General Fund expenditures. This total amount is available for spending at the Village’s discretion and constitutes approximately 63 percent and 69 percent of the General Fund’s total fund balance of $1,836,932 and $1,460,488 at May 31, 2025 and 2024 respectively. Overview of the Financial Statements This discussion and analysis provided here are intended to serve as an introduction to the Village’s basic financial statements. Basic financial statements are comprised of three components: 1) government-wide financial statements (not presented), 2) fund financial statements, and 3) notes to.the financial statements. This report also includes supplementary information intende d to furnish additional detail to support the basic financial statements themselves. For the year ended May 31, 2025, the Village has not included the government-wide financial statements within its financial stateme nts. This report also includes required supplementary information intended to furnish additional detail to support the financial statements themselves, Government-wide financial statements—The government-wide financial statements are desi gned to provide the reader with a broad overview of an entity’s. finances , similar in format to a financial statement ofa private-sector business. The statement of net position presents information on all of an entity’s assets and liabilities, with the difference between the two 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 entity is improving or deteriorating. The statement of activities presents information showing how the entity’s net position changed during the mosi recent fiscal year. All changes in. net position are reporte d 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 the statement for some items that will only result in cash flows in future fiscal periods (e.g, uncollected taxes), . Both of the government-wide financial statements distinguish functions of the entity that are principally supported by taxes and intergovernmental- revenues (governmenta l 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). Governmental activities of the Village include general government support, public safety, transportation, economic assistance and opportunity, culture and recreation, and home and community services. The Village does not engage in any business-type activiti es. As previously stated in the Opinion Letter to these financi al statements, the government-wide financial statements have not been included in 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 activiti es or objectives, The Village, 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 Village can be divided into two categories. : Governmental funds - Governmental Junds are used to account for essenti ally the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund 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 informa tion may be useful in evaluating a government’s near-term financing requirements, ‘ The Village maintains five individual governmental funds. Information is presented separately in the governmental fund balance sheet-and in the governmental fund statement es, of revenu expenditures, and changes in fund balances for the Genera l Fund, the Community Development Fund, the Water Fund, the Sewer F und, and the Capital Project s Fund, which are each considered major funds. Fiduciary funds - Fiduciary funds are used to account for resources held for the benefit of parties outside the government. F: iduciary funds are not reflect ed in the government-wide financial Statement because the resources of those funds are not available to support the Village’s own programs. The Village is responsible for ensuring that the assets reported in these funds are used for their intended purpose. In a prior year, the Village implemented the requirements of GASB Statement No. 84— Fiduciary Activities. The Village no longer has any active fiduciary funds, Notes to the financial statements - The notes to the -financial statements, as listed in the table of contents, provide additional information that is essential to a full understanding of the data provided in the Fund financial statements. : Required Supplementary Information - In addition to the basic financial statements and accompanying notes, this report also presents required supplementary information, as listed in the table of contents, on the Village’s net pension liability and the Village’s budgetary comparison for the General Fund, the Sewer Fund, and the Water Fund, Additionally, the Village presents information on the Federal awards in this report. Financial Analysis of the Village’s Governmental Funds Governmental funds - The focus of the Village’s govern . mental funds is to provide information on near- term inflows , outflows, and balances of spendable resources. ~ ar . : Such information is useful in. assessi. ng the Village’s financing requirements.

As noted previously, at the end of the current fiscal year, the Village’s governmental funds reported combined fund balance of $1,508,832. A summary of governmental fund revenues for the years ended May 31, 2025 and 2024 is presente d. ~ below in Table 1. Table 1 - Summary of Governmental Fund Revenues Year Ended May 31, Unaudited 2025 2024 Real property taxes and property tax items S$ 1,142,316 1,125,969 Non property tax items 410,121 421,554 Departmental income 1,078, 148 1,010,890 Intergovernmental charges 810,716 774,149 Use of money and property 271,254. 212,978 Sale of property & compensation for los. 35,098 41,595 Licenses and permits . : 2,660 2,051 Other Revenue 4,240 64,270 State aid 1,782, 964 534,109 Federal aid 3,828, 795 388,573 BANS Redeemed from Appropriations 55,000 219,000 Total revenues $ 9,421,312 4,795,138 The most significant sources of revenue for the year ended May 31, 2025 are property taxes, federal aid, and state aid, which accounted for $1,142,3 16, $3,828,795, and $1,782,964 or 12 percent, 41 percent, and 19 percent respectively of total revenue. The most significant sources of revenue for the year ended May 31, 2024 are property taxes, departmental income, and state aid, which accounted for $1,125,969, $1,010,890, and $534,109 or 23 percent, 21 percent, and 11 percent respectively of total revenue.

A summary of governmental fund expenditures for the year ended May 31, 2025 and 2024 is presented. below in Table 2. Table 2— Summary of Governmental Fund Expenditures Year Ended May 31, Unaudited 2025 2024 Current: General government support S$ 416,102 432,166 Public safety 345,694 387,331 Transportation 609,860 594,146 Culture and recreation 54,703 44,504 Home and community services 9,030,691 2,445,175 Employee benefits 370,089 357,686. Debt service: Principal 201,902. 364,952 Interest 132,066 66,744 Total expenditures $11,161,107 4,692,704 The Village’s most significant expenditure items for the year ended May 31, 2025 were home and community services (infrastructure spending) of $9,030,691, or 81 percent of. total expenditures, transportation. expenditures of $609,860, or 5 percent of total expendit ures, and general government support of $416,102, or 4 percent of total expenditures. The Village’s most significant expenditure items for the year ended May 31, 2024 were home and community services (infrastructure spending) of $2,445,175, or 52% of total expenditures, transportation expenditures of $594,146, or 14 percent of total expenditures, and general government support of $432,166, or 10 percent of total expenditures. At May 31, 2025 and 2024, the General Fund reported ending fund balance amounts of $1,836,932 and $1,460,488 respectively. Approximately 63 percent and 69 percent, or $1,163,094 and $1,006,254 of these total amounts constitutes unassigned fund balance at May 31, 2025 and 2024 respectively, which is available for spending at the government's discretion. The General Fund reported $350,000 and $200,000 of assigned find balance at May 31, 2025 and 2024 respectively and $323,838 and $254,234 of restricted fund balance at May 31, 2025 and 2024 respectively. A discussion of the Village's other major funds follows: During the year ended May 31, 2025, the fund balance in the Village’ s Community Development Fund decreased by $5,861 ftom the prior year, resulting in an ending fund balance of $703,485. Of this amount, $305,500 is restricted to fund the maintenance and upkeep of the Peter Cooper site (see footnote 13) and $397,985 is reported as assigned fund balance for the specific operations of this fund. :

During the year ended May 31, 2025, the Village’s Water District Fund reported an increase in fund balance of $25,145, resulting in an ending fund balance of $664,500. Of this total, $150,111 is restricted to fund future capital improvements and $514,389 is reported as assigned fund balance for the specific operations of this fund. During the year ended May 31, 2025, the Village’s Sewer Fund reported an increase in fund balance of $256,076, resulting in an ending fund balance of $1,072,214. Of this total, $308,604 is restricted to fund capital improvements arid $763,610 is reported as assigned fund balance for the specific operations of this fund. ‘ During the year ended May 31, 2025, the Village’ Capital Projects Fund reported a decrease in fund balance of $2,391,599, resulting in an ending fund balance of negative $2,768,299. Of this total, $1,777,486 is reported as restricted fund balance as unspent cash in the fund to be used to fund future capital projects and negative $4,545,785 is reported as assigned fund balance for the specific operations of this fund. The Village is currently pursuing grant financing options to fund the short-fall in this fund. General Fund Budgetary Highlights The budget is allowed to be amended upward (increased) for additional current year appropriat ions supported by an increase in budgeted revenues. A budgetary comparison schedule within the required supplementary information section of this report has been provided to demonstrate compliance with the budget. A summary of the General Fund results of operations for the year ended May 31, 2025 is presented below in Table 3. Table 3 — General Fund Budget Budgeted Amounts Variance with Original Final Actual Final Budget Revenues $ 1,968,839 2,005,811 2,082,744 76,933 Expenditures 2,168,839 2,205,811 1,706,300 499,511 Excess of revenues over expenditures - $ (200,000) (200,000) 376,444 576,444 Original budget compared to final budget — During the year there was a net increase in appropriat ions between the original budget and the final amended budget due to supplemental appropriations for various unanticipated departmental expenditures. Final budget compared to actual results — A review of actual revenues and expenditures compared to the estimated revenues and appropriations in the formal budget yields certain variances. The General Fund realized a positive budget variance of $48,075 for departmental. income and a negative budget variance of $40,024 for intergovernmental charges, among other less significant variances. Additionall y, the General Fund realized positive budget variances of $163,775 for general government support expenditures, $80,009 for public safety expenditures, $75,305 for transportation expenditures, $65,933 for employee benefit expenditures, and $29,891 for culture and recreation expenditures among other less significant variances. 10

More detailed information about the General Fund’s budget as well as budgetary information for the Villages Water and Sewer funds can be found in the Required Supplementary Information section of this teport as listed in the table of contents. . Capital assets — As noted earlier, the Village does not record the value of capital assets. Long-term liabilities ~ At May 31, 2025, the Village had net pension liability of $764,241 and at May 31, 2024, the Village had a net pension asset of $725,878 which are not recorded per fund accounting. The Village had two long-term bonds outstanding at May 31, 2024 (the end of the prior year), which collectively had outstanding principal balances of $125,000 at that time. The Village made the required payments on these debt instruments during fiscal year 2025 which resulted in one of these bonds being paid in full, bringing the total outstanding principal balances to $10,000 at May 31, 2025. These amounts are not recorded on the Village’s balance sheet per fund accounting, Additionally, the Village was obligated under a capital lease in the amount of $105,805 at May 31, 2025. This lease term extend until fiscal year 2029. The Village estimated its liability for compensated absences at $63,677 and $61,391 at May 31, 2025 and 2024 respectively. The Village does not record this liability on its balance sheet per fund accounting. Additional information on the Village’s long-term liabilities can be found in Note 10 to the financial © statements. Economic Factors The various economic factors at the national, state, and county levels are considered when preparing the Village’s budgets. Management believes its’ budget preparation process is comprehensive and thorough and meets the various needs of the Village’s residents. Requests for Information This financial report is designed to provide our citizens, taxpayers, creditors, and investors with a general overview of the Village’s finances and to show the Village’s accounta bility for the money it receives. If you have any questions about this report or need additional financial information, contact Village Treasurer, Village of Gowanda, 27 East Main Street, Gowand a, New York 14070, 1

FINANCIAL STATEMENTS 12

VILLAGE OF GOWANDA, NEW YORK Balance Sheets - Governmentai Funds May 31, 2025 Special Revenue Total Community Capital Governmental General Development Water Sewer Projects Funds ASSETS Cash 1,545,129 399,502 526,684 676,253 - 3,147,568 Restricted Cash 323,838 - 150,111 308,604 1,777,486 2,560,039 Restricted Investments - 305,500 o. - - 305,500 Accounts Receivable 4,243 4,939 1,547 143,150 - 153,879 Federal and State Aid Receivable - - - - 1,449,468 1,449,468 Other Receivabies - 223 - - - 223 Due from Other Funds 43,507 -. 111 66 = 43,684 Total Assets 1,916,717 710,164 ~ 678,453 1,128,073 3,226,954 7,660,361 LIABILITIES Accounts Payable 79,608 1,373 13,678 $5,759 929,593 1,080,011 Deferred Revenue - 5,306 - - - 5,306 Due to Other Funds 177 - 278 100 43,132 43,684 Bond Anticipation Notes Payable - : = 5,022,528 5,022,528 Total Liabilities 79,785 6,679 13,953 55,859 §,995,253 6,151,529° FUND BALANCES (DEFICITS) Restricted 323,838 305,500 150,131 308,604 1,777,486 2,865,539 Assigned 350,000 397,985 514,389 763,610 - 2,025,984 Unassigned 1,163,094 : : : (4,545,785) (3,382,691) Total Fund Balances (Deficits) 1,836,932 703,485 664,500 +1,072,214 (2,768,299) 1,508,832 Total Liabilities and Fund Balances (Deficits) 1,916,717 710,164 678,453 1,128,073 3,226,954 7,660,361 The notes to the financial statements are an integral part of this statement 13

VILLAGE OF GOWANDA, NEW YORK Statements of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds For the Year Ended May 31, 2025 Special Revenue Total Community Capital Governmental General Development Water Sewer Projects _ Funds REVENUES. Real Property Taxes $ 1,113,738 - - - - 1,113,738 Other Property Tax Items 28,578 - - - - 28,578 Non-property Tax Items. 410,121 - - - - 410,121 Departmental Income 136,074 - 590,317 351,787 - 1,078,148 Intergovernmental Charges 47,255 - 92,256 671,205 - 810,716 Use of Money and Property 85,143 18,036 28,847 34,197 105,031 271,254 Sale of Praperty and , Compensation for Loss 2,291 - 3550 29,257 - 35,098 Licenses and Permits 2,660 - - - - 2,660 Other Revenues 4,240 - - - - 4,240 State Aid 232,026 54,742 - - 1,496,196 1,782,964 Federal Aid 10,309 : = : 3,818,486 3,828,795 Total Revenues. 2,072,435 72,778 714,370 1,086,416 5,419,713 9,366,312 EXPENDITURES Current: General Government Support 344,769 - 32465, 38,794 74 416,102 Public Safety 345,694 - - - - 345,694 Transportation 609,860 - - - : 609,860 Culture and Recreation 54,703 : - ~ : 54,703 Home and Community Services 36,984 68,330 437,251 681,888 7,806,238 9,030,691 Employee Benefits 176,078 - 84,353 109,658 - 370,089 Debt Service: Principal , 421,902 - 80,000 - - 201,902 Interest 16,310 : 55,756 : 60,000 132,066 Total Expenditures 1,706,300 68,330 689,825 $30,340 7,866,312 11,161,107 Excess (deficiency) of Revenues Over Expenditures 366,135 4,448 25,145 256,076 (2,446,599) (1,794,795) OTHER FINANCING SOURCES (USES) Transfers In 10,309 - - - - 10,309 Transfers Out - (10,309) - - - (10,309) BANs Redeemed From Appropriations : = = = 55,000 55,060 Total Other Financing Saurcas and Uses 10,309 (10,309) - - 55,000 55,000 Net Change in Fund Balance 376,444 (5,261) 25,145 256,076 —{2,391,599)—(1,739,795) Fund Balances (Deficit) - Beginning 1,460,488 709,346 639,355 816,138 {376,700) 3,248,627 Fund Balances (Deficit) - Ending $ 1,836,932 703,485 664,500 1,072,214 (2,768,299) 1,508,832 The notes to the financial statements are an integral part of this statement 14

VILLAGE OF GOWANDA, NEW YORK Notes to the Financial Statements May 31, 2025 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Departure from Generally Accepted Accounting Principals The financial statements of the Village of Gowanda, New York (the "Village”) have been prepared in conformity with accounting principles generally accepted in the United States of America (“‘GAAP) as applied to government units, except management has not presented government-wide financial statements to display the Statement of Net Position and the Statement of Activities of governmental activities. Accounting principles generally accepted in the United States of America require the presentation of government-wide financial statements. The amounts that would be reported in the government-wide financial statements for the Village’s governmental activities are not reasonably determinable. The Governmental Accounting Standards Board ("GASB") is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the Village’s accounting policies are described below. Financial Reporting Entity The Village is a unit of local government created by the State of New York. The Village operates under provisions of New York State law and with authority vested by those statutes provides services and facilities in the areas of police, highway, parks, recreation, sanitary and storm sewage, and general administration. The five-member Village Board of Trustees is the legislative body responsible for overall operations. The Mayor serves as both Chief Executive Officer and Chief Fiscal Officer. Independently elected officials of the Village consist of the following: Mayor Board of Trustees (4) All governmental activities and functions performed for the Village are its direct responsibility. No other governmental organizations have been included or excluded from the reporting entity. Units of local government that operate within the boundaries of the Village are the Town of Persia, the Town of Collins, the County of Cattaraugus, the County of Erie, and the Gowanda Fire Department. Public education is provided by one independent school district within the Village. Basis of Presentation — Fund Financial Statements The fund financial statements provide information about the Village’s funds, including its fiduciary funds (if any). The Village currently does not have any active fiduciary funds. If, in the future, the Village has an active fiduciary fund, separate statements for each fund category—governmental and fiduciary— will be 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 Village does not report any nonjamor funds for the year ended May 31, 2025. 16

The Village considers the following governmental funds as major funds: ¢ General Fund — is the Village's primary operating fund. It accounts for all financial resources of the general government, except those accounted for in another fund. * Community Development Fund — this fund is used to hold funds to be used to improve the economic conditions of the Village, including to hold funds to be used for the continued maintenance of the Peter Cooper Site. e Water Fund — this fund is used to record all revenues and expenditures related to operation and maintenance of the water districts. * Sewer Fund — this fund is used to record all reventies and expenditures related to operation and maintenance of the sewer districts. * Capital Projects Fund — this fund accounts for the acquisition and construction of the Village's major capital facilities. During the course of operations, the Village has activity between funds for various purposes. Any residual balances outstanding at year end are reported as due from/to other funds. Further, certain activity occurs during the year involving transfers of resources between funds. In fund financial statements these amounts are reported at gross amounts as transfers in/out. 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 econontic resources. The basis of accounting indicates the timing of transactions or events for recognition in the financial statements. 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 Village 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 service expenditures, as well as expenditures related to compensated absences, 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 and acquisitions under capital leases are reported as other financing sources. Property taxes, sales taxes, franchise taxes, licenses, and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Entitlements are recorded as revenues when all eligibility requirements are met, including any time requirements, and the amount is received during the period or within the availability period for this revenue source. Expenditure-driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other eligibility requirements have been met, and the amount is received during the period or within the availability period for this revenue source. All other revenue items are considered to be measurable and available only when cash is received by the government. 16

Budgetary Information Budgetary Basis of Accounting — Annual budgets for the General, Water, and Sewer funds, are adopted on a basis consistent with accounting principles generally accepted in the United States of America. A form of encumbrance accounting is employed as an extension of budgetary control in all governmental funds, under which purchase orders, certain contracts and other commitments outstanding at year-end for the expenditure of monies (encumbrances) are recorded as an assignment of fund balance. All unencumbered appropriations lapse at the end of the fiscal year. On January |*, encumbrance assignments outstanding at year-end are reappropriated to the ensuing year's original budget. The Capital Projects Fund appropriations are not included in the Village’s annual budget. Instead, appropriations are approved through a Village Board resolution at the project's inception and lapse upon conipletion of the project. Management does not prepare.a budget for the Community Development Fund as the nature of the revenues into and expenditures out of that fund are not of the type where the usefulness of a budget would exceed the time and cost needed to prepare one. The Village did not report any encumbrances at May 31, 2025. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance Cash and Cash Equivalents — Cash and cash equivalents include cash on hand, demand deposits, time deposits and short-term, highly liquid investments which are readily convertible to known amounts of cash and have a maturity date within 90 days of the Village's original acquisition date. Restricted Cash and Cash Equivalents — Restricted cash and cash equivalents represents amount to support fund balance restrictions, unearned revenue, and unspent proceeds of debt. This also reflects restricted cash related to construction commitments for ongoing capital projects. Prepaids — Certain retirement payments reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government-wide and fund financial statements. The cost of prepaid items is recorded as expenditures/expenses when consumed rather than when purchased. The Village did not report any prepaids at May 31, 2025. Capital Assets — Capital assets, which include land, buildings, improvements, equipment, and infrastructure assets (e.g. roads, bridges, drainage systems and similar items) are disclosed in the notes to the financial statements. Capital assets are defined by the- Village as assets with an initial, individual cost of an established threshold for the type as asset and an estimated useful life in excess of one year. Such assets are recorded at historical cost. The reported value excludes normal maintenance and repairs, which are essentially amounts spent in relation to capital assets that do not increase the capacity of efficiency of the item or extend its useful life beyond the original estimate. Donated capital assets are recorded at estimated fair value at the date of donation. The Village does not record depreciation expense on its capital assets. Deferred Outflows/Inflows of Resources — \n-addition to assets, the Statement of Net Position (not presented in this report) will sometimes report a separate section for defetred-outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period and so will not be recognized as an outflow of resources (expense/expenditure) until then. At May 31, 2025, the Village has one item that qualifies for reporting in this category. This item represents the effect of the net change in the Village’s share of the collective net pension liability and the difference during the measurement period between the Village’s contributions and its proportionate share of the total contribution to the pension system not included in 17

the pension expense, and any contributions to the pension systems madesubsequent to the measurement date. If presented, this item would be reported on the government-wide financial statements: In addition to liabilities, the statement of net position (not presented in this report) 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 and so will not be recognized as an inflow of resources (revenue) until that time. The Village has one item that qualifies for reporting in this category. This item is related to pensions and, if presented, would be reported in the government-wide statements. This represents the effect of the net change in the Village’s proportion of the collective net pension liability (ERS and PFRS Systems) arid difference . during the measurement periods between the Village’s contributions and its proportion share of total contributions to the pension systems not included in pension expense. Compensated Absences — Village employees are granted sick leave and earn compensatory time in varying amounts. In the event of termination or upon retirement, certain employees are entitled to payment from accumulated sick leave and unused compensatory time at various rates subject to certain maximum limitations. Because Management does not present government-wide. financial statements, the balance for compensated absences is disclosed in the footnotes to these financial statements but is not reported as a liability per fund accounting. Payment of sick leave and compensatory time is dependent on many factors and, therefore, timing of - future payments is not readily determinable. Management believe, however. that sufficient resources will be made available for the future payment of compensated absences when such payments become due. Fund Balance Flow Assumptions ~ Sometimes the Village 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 find 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 Village'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 fundsis reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The Village 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 Village’s highest level of decision-making authority. - The Village Board is the highest level of decision-making authority for the Village. that can, by adoption of an ordinance prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance remains in place until a similar action is taken (the adoption of another ordinance) to remove or revise the limitation. 18

Amounts in the assigned fund balance classification are intended to be used by the Village for specific purposes but do not meet the criteria to be classified as committed. The Village Board has authority to assign fund balance. The Village Board may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue 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 Expenditures/Expenses Property Taxes — The Village’s real property taxes are levied annually on June 1* based on assessed property values as of that date. The tax roll is returned to Erie and Cattaraugus Counties, as applicable, on or about November 1“ at which time all unpaid taxes and penalties are payable to those offices. The Village retains its full tax levies and all unpaid items are returned to the Counties. Thus, the Village is assured of receiving 100% of its tax levy. The Counties enforces all liens. Pensions - The Village is mandated by New York State law to participate in the New York State and Local Employees’ Retirement System (“ERS”) and the New York State Police and Fire Retirement System (“PFRS”). For purposes of measuring. the net pension liability or asset, 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 7. Adoption of Applicable New Accounting Pronouncements — The Village did not implement the provisions of GASB Statement No. 101, Compensated Absences during the year ended May 31, 2025, which was the only new accounting pronouncement which became applicable during the year. As noted above, the Village does not present government-wide financial statements and, therefore, does not record a long-term liability for the value of compensated absences in accordance with government-wide accounting on these financial statements. ‘Future Impacts of Accounting Pronouncements — The Village has not completed the process of evaluating the impact that will result from adopting GASB Statements No. 102, Certain Risk Disclosures, No. 103, Financial Reporting Model Improvements, or No. 104, Disclosure of Certain Capital Assets. The Village is, therefore, unable to disclose the impact that adopting GASB Statements No. 102, 103, and 104 wiil have on its financial position and results of operations when such statements are adopted. LEGAL COMPLIANCE - BUDGETS Budgets and Budgetary Accounting — The Village employs the following budgetary procedures: 1. On or before February 1* of each year, all departments of the Village submit requests for appropriations to the Village Treasurer and the Board of Trustees reviews these requests at its next Board meeting, so that a budget may be preparéd. Public hearings are conducted to obtain taxpayer comments prior to the budget being approved by the Board of Trustees by March 31°, 19

2. After a public hearing is conducted to obtain taxpayer comments, but no later than the end of April, the Village adopts the budget. 3. Formal budgetary integration is employed during the year as a management control device for the General, Water, and Sewer funds. 4, Budgets for the General, Water, and Sewer funds are legally adopted annually on a basis consistent with generally accepted accounting principles. Budgets for the Capital Project fund are adopted on a project basis. 5. All revisions that alter appropriations of any department or fund must be approved by the Board of Trustees through the use of budget modification. Unencumbered budgetary appropriations lapse at the close of each fiscal year, with the. exception of capital projects. 6. Budgetary appropriations are established for individual capital projects through resolutions authorizing the corresponding Capital Projects Fund to be established, which remain in effect for the life of the project. 3. CASH, CASH EQUIVALENTS AND INVESTMENTS The Village’s investment policies are governed by State statutes. Village monies must be deposited in FDIC-insured commercial banks or trust companies located within the State. The Mayor 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 Siate or its localities. Collateral is required for demand deposits and certificates of deposits in an amount equal to or greater than the amount of 105% of all deposits not covered by federal deposit insurance. Obligations that may be pledged as collateral are obligations of the United States and its agencies and obligations of the state and its municipalities. Deposits with Financial Institutions — All deposits are carried at fair value and are classified by custodial credit risk at May 31, 2025. The balance of the Village’s unrestricted cash at May 31, 2025 was $3,147,568. The balance of the Village’s restricted cash at May 31, 2025 was $2,560,039. Investments — The Village invested some of its cash in an attempt to realize a better investment return on its deposits. These investments are in short-term, highly liquid, lower-risk money market, bank deposit, and certificate of deposit investments. These investments are classified as Level 1 investments. The balance of the Village’s investments at May 31, 2025 was $305,500 which is presented as restricted. 5 Custodial Credit Risk - Deposits — Custodial credit risk is the risk that in the event of a bank failure, the Village’ s deposits may not be returned to it. As noted above, by State statute all deposits in excess of FDIC insurance coverage must be collateralized. As of May 31, 2025, the Village's deposits were FDIC insured or collateralized, Restricted Cash and Investments—Restricted cash and investments in the General, Water, Sewer, and Capital Projects funds are related to the reserve funds in each of those individual funds. 20

4, PROPERTY TAX The Village is responsible for collecting and depositing its Village property taxes. Property taxes attach to real property as an enforceable lien and are levied by the Counties of Cattaraugus or Erie as of October 31st. On or about October 31*, the Village turns over all unpaid property tax assessments to the Counties for enforcement at which time the Counties pays the Village for any uncollected portion of the Village’s levy. General Municipal Law Section 3-c establishes a tax levy limit for local governments in New York State effective June 24, 2011. This law generally limits the amount by which local governments can increase property tax levies to 2 percent or the rate of inflation, whichever is less. The law does provide exclusion for certain specific costs and allows the governing board to override the tax levy limit with a supermajority vote. RECEIVABLES Major revenue accrued by the Village at May 31, 2025 are: Accounts receivable — Represents amounts due to the Village from outside parties for various purposes. General Fund: Miscellatieous . $ 4243 Commercial Development Fund: UDAG Loans Receivable 4,939 Water Fund: _ Assessments Receivable 1347, Sewer Fund: Assessments Receivable 143,150 Total Accounts Receivable ~ $153,879 Federal and state aid receivable ~ Represents amounts due from the Federal government and/or New York State based on capital project expenditures and reimbursement. Amounts due the Village at May 31, 2025 are: Capital Projects Fund: U.S. Environmental Protection Agency $ 189,086 U.S. Department of Homeland Security 945,287 NYS Division of Homeland Security and Emergency Services 315,095 Total federal and state aid receivable $1,449,468 21

6. CAPITAL ASSETS (UNAUDITED) Capital asset activity for the year ended May 31, 2025 was as follows: Unaudited Unaudited Balance Balance 6/1/2024 Additions Disposals 5/31/2025 Non Depreciable Capital Assets land $217,078 - = 217,078 Total Non-Depreciable Capital Assets 217,078 - - 217,078 Depreciable Capital Assets . Buildings 2,400,969 - - 2,400,969 (mprovements other than Buildings 2,296,243 - - 2,296,243 Machinery and Equipment 6,430,369 20,016 : 6,450,385 Tota! Depreciable Capital Assets 11,127,581 20,016 - 11,147,597 Total Capital Assets, Net $11,344,659 20,016 = 11,364,675 The Village does not record depreciation expense on its capital assets. 7, PENSION PLANS New York State Police and Fire Retirement System s (“PFRS”) and New York State Employees’ Retirement System (“ERS”) - The Village participates in the PERS and ERS (the “System”), cost- sharing, multiple-employer retirement systems. The Systems provide 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 het 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. The system s benefit s 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 Systems, the election is irrevocable. The New York State Constitution provides that pension membershi p is a contractual relationship and plan benefits cannot be diminished or impaired. Benefits can be changed for future members only by enactment of a State statute. The Village also participates in the Public Emplo yees’ Group Life Insurance Plan (“GLIP”), which provides death benefits in the form of life insura nce. The Systems are included in the State’s financial report as a pension trust fund. That report, inchiding information with regards to benefits provided, may be found at www.osc.state.ny.us/retire/pub lications/index.php or obtained by writing to the New York State and Local Retirement System, 110 State Street, Albany , NY 12244, The Systems are noncontributory, except for employees who joined the ERS 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 (ERS) or January 9, 2010 (PFRS), 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 Comptroller annually certifies the actuarially determ ined rates expressly used in computing the employers’ contributions based on salaries paid during the Systems’ fiscal year ending March 31. 22

The Village is required to contribute at an actuarially determ ined rate. The required contribution for the current year and the two preceding years were: ERS PFRS 2025 $ 100,972 22,423 2024 85,037 26,247 2023 73,001 30,849 The Village's contributions made to the Systems were equal to 100 percent of the contributions required for each year. Pension Liabilities, Pension Expense, and Deferred Outflo ws of Resources and Deferred Inflows of Resources Related to Pensions - At May 31, 2025, the Village reported the following liability/(asset) for its proportionate share of the net pensio n liability/(asset) for the PFRS and ERS Systems. The net pension liability/(asset) was measured as of March 31, 2025. The total pension liability/(asset) used to calculate the net pension liabilit y/(asset) was determined by actuarial valuations as of April 1, 2024, with update procedures used to roll forward the total net pension tiability/(asset) to the measurement date, The Village’s proportion of the net pension liability/(asset) was based on projections of the Village’s long-term share of contributions to the Systems relative to the projected contributions of all participating members, actuarily determined. This information was provided by the System in reports provided to the Village . : PFRS ERS Measurement date March 31, 2025 = March 31, 2025 Net pension (asset) liability S 372,895 391,346 . Town's portion of the Plan's total Net pension liability 0.0061363% 0.0022825% For the year ended May 31, 2025, the Village recognized pension expense of $1 3,920 and $85,373 for PFRS and ERS respectively, total ing $99,293. At May 31, 2025, the Village discloses deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: 23

Deferred Outflows Deferred Inflows of Resources of Resources PFRS ERS PFRS ERS Differences between expected ; and actual experience S$ 124,206 97,135 - 4,582 Change of assumptions 55,994 16,412 - - Net difference between projected and actual earnings on pension plan investments 14,333 30,704 - - Changes in proportion and differences between the Village's contributions and proprotionate share of contributions ~ 18,703 4,985 264,504 28,690 Town's contributions subsequent to the measurement date : 6,482 19,641 - - Total : $ 219,718 168, 877 264,504 33,272 Other amounts disclosed as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: PFRS ERS Year Ended: . 2026 $ 28,494 59,039 2027 (4,536) 95,846 2028 (56,411) (38,473) 2029 (11,627) . (448) 2030 (7,188) - Thereafter - - Actuarial Assumptions - The total pension liability as of the measurement date was determined by using an actuarial valuation as noted in the table below, with update procedures used to roll forward the total pension liability to the measurement date. The actuarial valuations used the following actuarial assumptions: 24

ERS PFRS Measurement Date © March 31, 2025 March 31, 2025 Actuarial Valuation Date April 1, 2024 April 1, 2024 Interest Rate 5.9% 5.9% Salary Scale . 4.3% 6.0% Decrement Tables April 1, 2015 - April 1, 2015 - March 31, 2020 March 31, 2020 System's experience System's experience inflation Rate 2.9% 2.9% Cost of Living Adjustment 1.5% 15% The annuitant mortality rates are based on April 1, 2015 — March 31, 2020 System’s experience with adjustments for mortality improvements based on Society of Actuaries’ Scale MP-2020. The actuarial assumptions used in the April 1, 2024 valuation are based on the results of an actuarial experience study for the period April 1, 2015 — March 3 1, 2020. The long-term rate of return on pension plan investments was determi ned 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 allocati on are summarized below. ERS.andPFRS Measurement Date: March 31, 2025 Long-Term Expected Real Asset type Percentage Rate of Return Domestic equity 25.00% 3.54% International equity 14.00% 6.57% Private equity 15.00% 7.25% Real estate 12.00% 4.95% Opportunistic portfolio 3.00% 5.25% Credit 4.00% 5.40% Real assets 4.00% 5.55% Fixed income 22.00% 2.00% Cash 1.00% 25.00% 09.Q0% Discount Rate - The discount rate used to calculate the total pension liabilities was 5.9%. The projection of cash flows used to determine the discount rate assumes that contribu tions 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. 25

Sensitivity of the Proportionate Share of the Net Pension Liability to the Discount Rate Assumption - The following presents the Village’s proportionate share of the net pension liability (asset) calculated using the discount rate of 5.9%, as well as what the Village’s proportionate share of the net pension liability (asset) would be if it were calculated using a discount rate that is | percentage point lower (4.9%) or 1 percentage point higher (6.9%) than the current assumption: Current 1% Decrease Assumption 1% Increase PFRS (4.9%) (5.9%) (6.9%) Employer's proportionate share of the net pension (asset) liability S 786,265 372,895 31,718 Current 1% 1% Decrease Assumption Increase ERS (4.9%) (5.9%) (6.9%) Employer's proportionate share of the net pension (asset) liability $ 1,132,605 391,346 (227,605) Pension Plan Fiduciary Net Position - Detailed information about the pension plan’s fiduciary net position is available in the separately issued PFRS/ERS financial report. The components of the current-year net pension asset of the employers as of the valuation dates were as follows: (Dollars in Thousands) PFRS ERS Total Valuation date April 1, 2024 = April 1, 2024 Employers’ total pension liability S 48,718,477 247,600,239 296,318,716 Plan fiduciary net position 42,641,620 230,454,512 273,096,132 Employers’ net pension liability S$ 6,076,857 17,145,727 23,222,584 Systems’ fiduciary net position as a percentage of total pension liability 87.53% 93.08% 92.16% 8 RISK MANAGEMENT The Village is exposed to various risks of losses related to torts; theft of, damage to, and destruction of assets; injuries to employees; and natural disasters. The Village carries commercial insurance for coverage with respect to Village buildings, equipment, and employee theft. The Village self-insures for risks relating to workers’ compensation insurance. The Village currently reports all of its risk management activities in its general fund, water fund, and sewer fund. Claims expenditures and liabilities are reported when it is probable that a loss has occurred and the ammount of that loss can be reasonably estimated. These losses.include an estimate of claims that have been incurred but not reported. The Village reported no expenditures for claims, judgments or workers compensation claims for the year ended May 31, 2025. 26

9. 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 converte d to long- term obligations within five years after the original issue date, However, BANS issued for assessable improvement projects may be renewed for periods equivalent to the life of the permanent financing, provided that annual reductions of priacipal are-made. The following is a summary of the Village’s BAN liability as of May 31, 2025: Interest Balance at Balance at Description Rate June 1, 2024 Increases Decreases May 31, 2025 Water System 3.79% S 715,000 - 35,000 680,000 Fire Truck 3.79% 205,000 - 20,000 185,000 Point Peter Reservoir 3.79% 3,700,000 - 1,700,000 2,000,000 Waste Water Treatment Plan 3.79% : - 2,157,528 - 2,157,528 $4,620,000 2,157,528 1,755,000 5,022,528 10. LONG-TERM LIABILITIES Summary of Changes in Indebtedness — The following is a summary of changes in long-term debt for the year ended May 31, 2025. These amounts are not reported on the fund financial statements per fund accounting: Unaudited Unaudited Balance at Balance at 6/1/24 Additions Reductions 5/31/25 Serial bonds S$ 125,000 - 115,000 10,000 Capital lease 137,707 - 31,902 105,805 Compensated Absences * 61,391 2,286 - 63,677 Net pension liability (asset) * 725,878 38,363 - 764,241 Total , $ 1,049,976 40,649 146,902 943,723 * Additions/reductions to compensated absences and net pension liability are shown as the net change. Serial Bonds - The Village issues serial bonds to provide funds for the acquisition major pieces of equipment and for the construction of major capital facilities. General obligation bonds are direct obligations and pledge the full faith and credit of the government, These bonds generally are issued as serial bonds with equal amounts of principal maturing each year with maturities that range from 10 to 30 years. The following is a summary of changes in bonded debt for the year ended May 31, 2025: 27

Unaudited Unaudited Year of Amount Balance New Balance Tssue/ of Original — Interest at Debt Principal at Maturity Issue Rate 6/1/2024 Issued Payments 5/31/2025 General fund Public improvement bond 2014/2026 $ 865,000 1.75/3.25 $ 100,000 - 100,000 - Total general fund 100,000 - 100,000 - Water fund : Water bond 2002/2026 630,000 4.75/5.75 25,000 > 15,000 10,000 Total water fund 25,000 : 15,000 10,000 Total . $125,000 - 115,000 10,000 The Public Improvement bond was paid off during the year ended May 31,2025 and the last payment on the Water bond will be made during the year ended May 31, 2026. Compensated Absences — As described in Note 1, the Village calculated and discloses the estimated value of compensated absences. The annual budgets of the operating funds provide funding for these benefits as they become payable. The liability for compensated absences at May 31, 2025 amounts to $63,677. Since payment of compensated absences is dependent on many factors, the timing of future payments is not readily determinable. Net Pension Liabilities — The Village reports its proportionate share of the net pension liability for the Employees’ Retirement System and the Police and Fire Retirement System. At May 31, 2025, the net pension liability related to both retirement systems is estimated to be $764,241. Refer to Note 7 for additional information related to the Village’s pension liabilities. ii. FUND BALANCE 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 contractua lly required to be maintained intact. The. Village did not have any nonspendable fund balance at May 31, 2025. : In the fund financial statements, restricted fund balances have constraints placed on the use of resources and are cither externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments: or imposed by law through constituti onal provisions or enabling legislation. As of May 31, 2025, the Village reports the following as restricted fund balance: 28

¢ Equipment purchases — Represents available fund balance to be used to fund future equipment purchases. © Capital improvements — Represents available fund balance to be used for future capital expenditures. , © Restricted for repairs — Represents available fund balance for future potential repair expenditures. - ¢ Restricted for Maintenance~ Represents available fund balance to fund certain future ongoing maintenance costs. Tn the fund financial statements, commitments are amounts that are subject to a purpose constraint imposed by a formal action of the Villages highest level of decision-making authority. As of May 31, 2025, the Village has no committed fund balance. : In the fund financial statements, assignments are not legally required segregations, but are segregated for a specific purpose by the Village. At May 31. 2025, the following balances were considered to be assigned: Community General Development Water Sewer Fund Fund Fund Fund Total Appropriated $ 350,000 - ~ - 350,000 Specific Use = 397,985 514,389 763,610 1,675,984 $ 350,000 $ 397,985 514,389 763,610 2,025,984 * Assigned to specific use — Represents fund balance within the special revenue funds that is assigned for a specific purpose. The assignments’ purpose relates to each fund's operations and represent the remaining amounts within funds that are not restricted or committed, Unassigned fund balance represents the residual classification of the Village’s General Fund and Capital Projects Fund. : Ifthe Village must use funds for emergency expenditures, the Village Board shall authorize the Mayor to expend funds first from funds classified under GASB 54as nonspendable (if funds become available) then restricted funds. The use of committed and assigned funds as classified by GASB 54 will occur after the exhaustion of available restricted funds. Finally, if no other fund balances are available the Village will use unassigned fund balance. 29

12. INTERFUND BALANCES AND ACTIVITY The outstanding balances between funds result from payments made on-behalf of other funds or temporary advances. These balances are expected to be collected/paid within the subsequent year. Interfund transfers are used primarily to support capital project expenditures. Interfund receivables, payables, and transfers of the Village as of, and for the year ended May 31, 2025, consisted of the following: Transfers Transfers Fund Receivables Payables In Out General Fund $ 43,507 177 10,309 - Community Development Fund - - - * 10,309 Water Fund lll 275 - - Sewer Fund 66 100 - - Capital Projects Fund - 43,132 - - Total $ 43,684 43,684 10,309 10,309 13. PETER COOPER SITE The Peter Cooper Glue Factory was a large, former industrial commercial enterprise that was located in the Village of Gowanda and ceased operations several decades ago. For many years, even prior to the business’ closing, there had been concerns expressed about the environmental impact of the site on which this business had operated. In 2001, the Village commissioned a reuse assessment and concept plan for this site. The United States Environmental Protection Agency (“EPA”) provided financial support for this project through its Superfund Redevelopment Initiative (“SRI”) project. The clean-up work at the site was completed in 2010 and included (1) re-grading and stabilizing creek banks, (2) excavating contaminated waste, consolidating the waste, moving it to an inactive landfill, and covering it with a protective cap, (3) collecting leachate, and (4) installing a gas venting system, Because of the work performed, the EPA removed the Peter Cooper site from its federal Superfund list in 2019. Certain responsible parties are required to fund the on-going testing, repairs, maintenance, and general upkeep of this site until the year 2040. Funds to be used to finance this upkeep are held in trust and are reported in the Village’s Community Development fund as restricted investments, The Village reports $305,500 of such funds at May 31 2025. 14. CAPITAL PROJECTS The Village will, from time to time, undertake capital improvement projects which management accounts for in the Village’ s Capital Projects Fund. These projects are generally funded either through federal sources, state sources, local sources, debt issuance or some combination of these sources. The Village expended funds for two such capital projects during the year ended May 31, 2025. Point Peter Reservoir Infrastructure Improvements In 2014, a flood damaged the Point Peter Reservoir (located in the Village of Gowanda), impacting the Village's water source. Village management began the process of making infrastructure improvements to the reservoir to repair this damage and to mitigate the likelihood of major debilitating damages in the future. The Village applied for funding from the Federal Emergency Management Authority (‘FEMA") to cover the costs of this project. The project was completed during the year ended May 31, 2025. The project’s total cost was $4,214,565. This amount was paid for through the use of FEMA funds of $3,160,924 (75%) and New York. State grant contributions of $1,053,641 (25%). 30

Waste Water Treatment Plant Improvements — Phase 1 During the fiscal year ended May 31, 2024 the Village Board of Trustees approved the Waste Water Treatment Plant Improvements project (Phase 1) to make major upgrades and improvements to the Village’s wastewater treatment facility. This project is budgeted for $8,250,000. The Village spent $832,231 on this project prior to fiscal year 2025 and $4,571,455 on this project during fiscal year 2025. Phase 2 for this project has been approved by the Department of Environmental Conservation (“DEC”) and the Village plans to begin work on this capital project subject to administrative requirements which Management is currently working through. This project is being funded through a federal grant of $2,800,500, a state grant of $1,375,000,.and short-term financing (BAN) of $2,157,528. To provide relief for the paydown of the BAN required in the future, the Village is currently pursuing Congressional direct spending assistance of $1,250,000, and DOCCS additional allocation assistance of $3,492,418. Per the agreement among the Village, the federal Environmental Protection Agency, and the New York State Environmental Facilities Corporation, as project spending progresses, 50% of grant funds are ; released to cover the Village’s costs, followed by 100% of the BAN issue (see footnote 9), followed by the remaining 50% of grant funding. At May 31, 2025, the full amount of the BAN had been issued in the amount of $2,157,528 The Village entered into a contractual agreement with the New York State Department of Corrections and Community Supervision (“DOCCS”) whereby the Village will accepts the wastewater from the Collins Correctional Facility in exchange for payments to be made to support the funding of the Waste Water Treatment Plan Improvements project (Phase 1). DOCCS agreed to fund 71.5% of the original project cost estimate which amounted to $2,331,972 of funding. Per the agreement, DOCCS paid to the Village 50% of this.total at the time the construction project contract was executed and will pay 25% upon the project being 50% complete and 25% upon the project’s completion. The agreement is subject to future cost escalations via a new contract if agreed upon between DOCCS and the Village. The Village has used, and plans to continue using, this DOCCS funding to cover the costs of the Wastewater Treatment Plan project which are not covered by grant funding. 15. CONTINGENCIES Assessments—The Village may be, from time to time, a defendant in litigation under Article 7 of the Real Property Tax Law of the State of New York to review tax assessments. At May 31, 2025, the Village is not subject to any such litigation. Village management believes that any unasserted claims that may -be made against the Village in the future would not result in any material liability for the Village. Grants—In the normal course of operations, the Village 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 number of expenditures, if any, which may be disallowed cannot be determined at this time, management expects any amounts to be immaterial. Litigation- The Village may be, from time to time, subject to lawsuits in the ordinary course of its affairs, Village Management is of the opinion that any such litigation will not, in the aggregate, have a material adverse effect on the Village’s financial position. 31

16. SUBSEQUENT EVENTS Management has evaluated subsequent events through the date of this report, which is the date the financial statements are available for issuance. 17. TAX ABATEMENTS The Village may, from time to time, enter into property tax abatement agreements with local businesses for the purpose of attracting or retaining businesses within the Village’s jurisdiction. The Village collected $14,326 during the year ended May 31, 2025 in payments in lieu of taxes (PILOT.”) One of the PILOT agreements is with a not-for-profit entity which qualifies for real property tax exemption per New York State law. The Village collected $10,500 from this entity per the agreement. The second PILOT agreement is with a for-profit entity. The Village collected $3,826 per this agreement in lieu of $6,377 in property taxes. The Village abated property taxes totaling $2,551. . 32

REQUIRED SUPPLEMENTARY INFORMATION 33

VILLAGE OF GOWANDA, NEW YORK Schedule of the Village's Proportionate Share of the Net Pension Liability - Employees' Retirement System Last Two Years * Year Ended December 31, 2025 2024 Measurement date March 31, 2025 March 31, 2024 Village's proportion of the net pension liability 0.0022825% 0.0024013% Village's proportionate share of the net pension liability (asset) S 391,346 353,576 Village's covered-employee payroll $ 784,590 768,251 Village's proportionate share of the net pension liability (asset) as a percentage of its covered-employee payroll : 49.9% 46.0% Plan fiduciary net position as a percentage of the total pension liability (asset) 93.1% 93.9% * Information prior to the year ended May 31, 2024 is not readily available. The accompanying independent auditors’ report should be read in conjunction with 34

VILLAGE OF GOWANDA, NEW YORK Schedule of the Village's Contributions - Employees’ Retirement System Last Two Years * Year Ended December 31, 2025 2024 Contractually required contributions $ 100,972 85,037 Contributions in relation to the (100,97 2} (85,037) contractually required contribution Contribution deficiency (excess) - - Village's covered-employee payrall S 784,590 768,251 Contributions as a percentage of covered-employee payroll 12.9% 11.1% * Information prior to the year ended May 31, 2024 is not readily available. The accompanying independent auditors’ report should be read in conjunction with these statements. 35

VILLAGE OF GOWANDA, NEW YORK Schedule of the Village's Proportionate Share of the Net Pension Liability - Police and Fire Retirement System Last Two Years * Year Ended May 31, 2025 2024 Measurement date March 31, 2025 March 31, 2024 Village's proportion of the net pension liability 0.0061363% 0.0078498% Village's proportionate share of the net pension liability (asset) S 372,895 372,302 Village's covered-employee payroll s 92,937 125,291 Village's proportionate share of the net pension liability (asset) as a percentage of its covered-employee payroll 401.2% 297.1% Plan fiduciary net position as a percentage of the total pension liability (asset) 87.5% 89.7% * Information prior to the year ended May 31, 2024 is not readily available. The accompanying independent auditors' report should be read in conjunction with 36

VILLAGE OF GOWANDA, NEW YORK Schedule of the Village's Contributions - Police and Fire Retirement System Last Two Years * Year Ended December 31, : 2025 2024 Contractually required contributions S 22,423 : 26,247 Contributions in relation to the (22,423) (26,247) contractually required contribution Contribution deficiency (excess) - - Village’s covered-employee payroll Ss 92,937 125,291 Contributions as a percentage of covered-employee payroll 24.1% 20.9% * Information prior to the year ended May 31, 2024 is not readily available. The accompanying independent auditors' report should be read in conjunction with these statements. 37

VILLAGE OF GOWANDA, NEW YORK Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General Fund For the Year Ended May 31, 2025 Budgeted Amounts Variance with Original Final Actual Final Budget REVENUES Real Property Taxes S$ 1,109,617 1,109,617 1,113,738 4,121 Other Property Tax Items 22,825 22,825 28,578 5,753 Non-property Tax Items 394,000 394,000 410,121 16,121 Departmentai Income 88,000 88,000 136,074 48,074 Intergovernmental Charges 62,034 87,279 47,285 (40,024} Use of Money and Property 48,000 48,000 85,143 37,143 Sale of Property and Compensation for Loss 1,000 1,000 2,291 1,291 Licenses and Permits 1,100 1,100 2,660 1,560 Miscellaneous 1,000 1,000 4,240 3,240 State Aid 241,263 242,681 232,026 (10,655) Federal Aid < 10,309 10,309 - Total Revenues 1,968,839 2,005,811 2,072,435 66,624 EXPENDITURES Current: General Government Support 502,816 508,544 344,769 (163,775) Public Safety 425,703 425,703 345,694 (80,009) Transportation 679,165 685,165 609,860 (75,305) Culture and Recreation 61,650 84,594 54,703 {29,891} Home and Community Services 37,050 39,350 36,984 (2,366) Employee Benefits 242,011 242,011 176,078 (65,933) Debt Service: Principal 121,902 121,962 121,902 * Interest 18,542 18,542 16,310 (2,232) Total Expenditures 2,088,839 2,125,811 1,706,300 (419,511) Excess (deficiency) of Revenues Over Expenditures (120,060) (120,000} 366,135 486,135 OTHER FINANCING SOURCES (USES) Transfers In - . 10,309 10,309 Transfers Out (80,000) (80,000} - 80,000 Total Other Financing Uses (80,000) (80,000} 10,309 90,309 Net Change in Fund Balances * (200,000) (200,000) 376,444 576,444 Fund Balances - Beginning 1,460,488 1,460,488 1,460,488 - Fund Balances - Ending $1,260,488 1,260,488 1,836,932 576,444 *The net change in fund balances was included in the budget as an appropriation (i.e, spenddown of fund balance. The accompanying independent auditors' report should be read in conjunction with these statements. 38

VILLAGE OF GOWANDA, NEW YORK Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Water Fund For the Year Ended May 31, 2025 Budgeted Amounts Variance with Original Final Actual Final Budget REVENUES Departmental Income 603,860 603,860 590,317 (13,543) Intergovernmental Charges 91,569 91,569 92,256 687 Use of Money and Property 12,000 12,000 28,847 16,847 Sale of Property and Compensation for Loss - - 3,550 3,580 Total Revenues 707,429 707,429 714,970 7,541 EXPENDITURES Current: General Government Support 34,080 34,080 32,465 (1,615) Home Community and Services 506,897 546,897 437,251 (109,646) Employee Benefits 90,200 90,200 84,353 (5,847) Debt Service: Principal 80,000 80,000 80,000 - Interest 122,002 82,002 55,756 (26,246) Total Expenditures 833,179 833,179 689,825 (143,354) Excess (Deficiency) of Revenues Over Expenditures (125,750) (125,750) 25,145 150,895 OTHER FINANCING SOURCES AND USES Transfers Out (10,000) (10,000) - 10,000 Total Other Financing Sources and Uses (10,000) (10,000) - 10,000 Net Changes in Fund Balances * (135,750) (135,750) 25,145 160,895 Fund Balances - Beginning 639,355 639,355 639,355 - Fund Balances - Ending 503,605 503,605 664,500 160,895 *The net change in fund balances was included in the budget as an appropriation [i.e., spenddown)} of fund balance. The accompanying independent auditors' report should be read in conjunction with these statements. 39

VILLAGE OF GOWANDA, NEW YORK Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Sewer Fund For the Year Ended May 31, 2025 Budgeted Amounts Variance with Original Final Actual Final Budget REVENUES Departmental Income $ 337,500 337,500 351,757 14,257 Intergovernmental Charges 661,767 661,767 671,205 Use of Money and Property 20,600 20,600 34,197. 13,597 Sale of Property and Compensation for Loss - 29,247 29,257 10 Total Revenues 1,019,867 1,049,114 1,086,416 27,864 EXPENDITURES Current: General Government Support 39,760 39,760 38,794 (966) Home Community and Services 910,257 939,504 681,888 (257,616) Employee Benefits 119,850 119,850 109,658 (10,192) Debt Service: Principal Total Expenditures 1,069,867 1,099,114 830,340 {268,774} Excess (Deficiency) of Revenues Over Expenditures (50,000) (50,000) 256,076 296,638 Net Changes-in Fund Balances ~ (50,000) (50,000) 256,076 296,638 Fund Balances - Beginning 816,138 816,138 816,138 - Fund Balances - Ending $ 766,138 766,138 1,072,214 296,638 The accompanying independent auditors' report should be read in conjunction with these statements. 40

FEDERAL AWARDS INFORMATION 4

VILLAGE OF GOWANDA, NEW YORK SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED MAY 31, 2025 Assistance Pass-Through Listing Grantor to Federal Grantor / Pass-Through Grantor / Program Title / Cluster Number Nuniber Expenditures ~ Subrecipients Environmental Protection Agency Passed through New York State Environmental Facilities Corporation Capitalization Grants for Clean Water State Revolving Funds 66.458 6719-02-00 * S$ 1,392.398 : Total Environmental Protection Agency 1,392,398 - Department of Homeland Security Passed through New York State Division of Homeland Security and Emergency Services Hazard Mitigation Grant Program 97.039 DR-4180 * 2,426,088 : Total Department of Homeland Security 2,426,088 - Department of the Treasury Direct program: Coronavirus State and Local Fiscal Recovery Funds 21.027 NA # 10,309 : Total Department of the Treasury 10.309 : Total Expenditures of Federal Awards $_ 3,828,795 - *: Major program. #: CARES Act funding. See accompanying notes. 42

VILLAGE OF GOWANDA, NEW YORK Notes to the Schedule of Expenditures of Federal Awards May 31, 2025 1, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of the Village of Gowanda (the “Village”) under programs of the federal government for the year ended May 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Village, it is not intended to and does not present the financial position, changes in net position or cash flows of the Village. The following notes were identified on the Schedule: A.) Includes all federal award programs of the Village of Gowanda. B.) Source: Federal Assistance Listing Numbers. C.) Pass-through entity identifying numbers are presented where available. D.) Prepared under accounting principles generally accepted in the United States of Ametica and includes all federal programs. 2. BASIS OF ACCOUNTING The Village used the modified accrual basis of accounting for each federal program, consistent with the fund basis financial statements. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable program and periods. The amounts reported in these financial reports are prepared from records maintained for each program, which are periodically reconciled with the Village’s financial reporting system. 3. INDIRECT COSTS The Village does not use the 10% de minimum indirect cost rate introduced by the Uniform Guidance. 4. HAZARD MITIGATION GRANT (FEMA GRANT) The Village is the recipient of a Hazard Mitigation grant adiministered through the Federal Emergency Management Authority (“FEMA”). This grant is a cost-sharing grant, with the federal government financing 75% of the cost of the project and New York State financing the remaining 25%, The Village expended $2,426,088 of federal reimbursable costs during the current year and $734,836 of federal reimbursable costs during years prior to the current year. 43

pes| ow Kerneth §. Frank, CPA R. A. MERCER & CO., P.C. RaymondA. Mercer, CPA 1931-1983 Roger J. Lis, Jr. CPA Certified Public Accountants Kathryn A. Larracuente, CPA Christopher M. Zera, CPA 290 Center Road West Seneca, New York 14224 Phone 716-675-4270 Fax 716-675-4272 www, ramercercpa.com INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Village Board of the Village of Gowanda, New York We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the Village of Gowanda (the “Village”), as of and for the year ended May 31, 2025, and the related notes to the financial statements, which collectively comprise the Village's financial statements, and have issued our report thereon dated February 28, 2026 (which report contains an adverse opinion due to the omission of government-wide financial statements). Report on Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the Village’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial staternents, but not for the purpose of expressing an opinion on the effectiveness of Village's internal control. Accordingly, we do not express an opinion on the effectiveness of the Village's internal control. A deficiency in intemal contro! exists when the design or operation of a contro! does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements, on a timely basis. A material weakness is a deficiency, or acombination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. We identified a deficiency in internal control, described in the accompanying schedule of findings and questioned costs as item 2025-001 that we consider to be a material weakness. ’ Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the Village’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. 44

Village’s Response to Findings Government Auditing Standards requires the auditor to perform limited procedures on the Village's response to the findings identified in our audit and described in the accompanying schedule of findings and questioned costs. The Village's response was not subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response. Purpose of This Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in. considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. R.A. MERCER & €.0,, P.C. 24. Marca £ Co., PC. West Seneca, NY February 28, 2026 45

PR} a [| Kenneth S. Frank, CPA R. A. MERCER & co., P.C. Raymond A. Mercer, CPA 1931-1983 Roger J. Lis, Jr. CPA Certified Public Accountants Kathryn A. Larracuente, CRA Christopher M. Zera, CPA 290 Center Road West Seneca, New York 14224 Phone 716-675-4270 Fax 716-675-4272 www.ramercercpa.com INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM GUIDANCE To the Village Board of the Village of Gowanda, New York Report on Compliance for Each Major Federal Program Opinion on Each Major Federa/ Program We have audited Village of Gowanda’s (the Village”) compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of Village’s major federal programs for the year ended May 31, 2025. The Village’s major federal programs are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. In our opinion, the Village complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended May 31, 20285. Basis for Opinion on Each Major Federal Program We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor's Responsibilities for the Audit of Compliance section of our report. We are required to be independent of the Village and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit does not provide a legal.determination of Village's compliance with the compliance requirements referred to above. Responsibilities of Management for Compliance Management is. responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the Village’s federal programs. Auditor’s Responsibilities for the Audit of Compliance Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the Village's compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the Village’s compliance with the requirements of each major federal program as a whole.

In performing an audit in accordance with generally accepted auditing standards, Government Auditing Standards, and the Uniform Guidance, we: « Exercise professional judgment and ‘maintain professional skepticism throughout the audit. ¢ . Identify'and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the Village’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances. ¢ Obtain an understanding of the Village’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the Village’s internal control over compliance. Accordingly, no such opinion is expressed. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit. Report on Internal Control over Compliance A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, . or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the Auditor's Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal contro! over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified, Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of.that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. RA. Mercer & Co., P.C. RA. Vow £ Co, PC. West Seneca, New York February 28, 2026 47

VILLAGE OF GOWANDA, NEW YORK Schedule of Findings and Questioned Costs For the Year Ended May 31, 2025 Part | - SUMMARY OF AUDITORS' RESULTS Type of Auditors’ Report Issued: Adverse * Internal control over financial reporting: * Report contains an adverse opinion due to the omission of governmentwide financial statements, 1. Material weakness(es) identified? Yes No 2, Significant deficiency(ies) identified? Yes X_ None reported 3. Noncompliance material to financial statements noted? Yes X_ No Federal. Awards: Intermal Control over Major Programs: 4, Material Weakness(es) identified? Yes X_ No 5. Significant deficiency(ies} identified? Yes X_ None reported Type of auditors’ report issued on compliance for major programs: Unmodified 6. Any audit findings disclosed that are required to be reported in accordance with § 2 CRF 200 (section .516(a)) (Uniform Guidance)? Yes X_ No 7. The Village's major programs/clusters audited were: (1) Capitalization Grants for Clean Water State Revolving Fund (Assistance Listing Number 66.458) (2) Hazard Mitigation Grant Program (Assistance Listing Number 97.039) 8. Dollar threshold used to distinguish between Type A $750,000 and Type B Programs? 9. Auditee qualified as low-risk auditee? Yes X_ No 48

Part If. FINANCIAL STATEMENT FINDINGS SECTION We consider the deficiency presented below to be a material weakness in internal control. Finding 2025-001 — Capital Assets / GASB 34 Financial Statements Criteria: Governmental Accounting Standards Board (“GASB”) standards require that the Village appropriately account for its capital assets and the related accumulated depreciation and depreciation expense, and to prepare full-accrual financial statements in accordance with the requirements of GASB Statement No. 34 — Basic Financial Statements — and Management’s Discussion and Analysis —for State and Local Governments. Condition and Content: We found that the Village does not track its capital assets or record depreciation. Because of this, management of the Village was unable to prepare government-wide financial statements. Cause: The Village has determined that developing and maintaining a schedule of capital assets and tracking and recording depreciation would have only limited benefit to the Village. : Effect or Potential Effect: The Village’s financial statements do not present the financial position, and the changes in financial position, of the Village’s governmental activities fairly in conformity with accounting principles generally accepted in the United States of America. Recommendation: We recommend that the Village consider calculating, tracking, and recording depreciation for all depreciable assets. Management's Response: The Village has limited capital assets. The Office of the Comptroller has specifically determined that GASB 34 is not mandatory for small municipalities as the costs of compliance would outweigh its benefits. Part HL FEDERAL AWARD FINDINGS AND QUESTIONED COSTS No findings noted. 49

VILLAGE OF GOWANDA “Gateway to the Southern Tier? 27 E Main Street ¢ Gowanda NY 14070 (716)532-3353 ¢@ Fax(716)532-2938 “The Village of Gowanda is an Equal Opportunity Provider and Employer.” March 10, 2026 Business Office-Steward Collins Cortectional Facility PO Box 490 Collins, NY 14034 Re: Waste Water Treatment Services Provided by the Vilage of Gowanda The Village of Gowanda is required to review the operating and maintenance expenses associated with the Waste Treatment Service piovide to the Department of Corrections. According to the existing contract with the State of New York, the State is tesponsible for 75% of the Waste Water Treatment Plint Operating and maintenance costs. In addition, this should be reviewed annually at the end of each fiscal yeat to determine the upcoming fiscal year monthly charges. ‘This notice is to update the monthly contribution through May 31, 2025 which will be effective the June 1, 2026 billing cycle starting next fiscal year for the Village of Gowanda. The annual adjustment cycle will continue each prior fiscal year end. The WWTP Capital Project has started with anticipated improvements and updates to the plant operating system. This project and funding will hare significant impact on imptoving the aging and deteriorating facility and equipment to reduce escalating operating and maintenance expenses. June J, 20245 May 31,2025 Total reported annual update document expenses: $830,340.00 Deductions: (Meter Reading Expenses): Transfer to Water for Meter Reading . $ 13,260.00) Total Eligible Operating & Maintenance: $ 817,080.00 Portion of State Contribution (75%): $6 12,810.00

Per Month (starting June 1, 2026): Invoice Total New Adjustment (Portion/12 months): $ 51,067.50 Current Monthly (June 1, 2025-May 31, 2026 ys: B 49,508.61 New Monthly (June 1, 2026 — May 31, 2027): 8 51,067.50 Difference per month: B +1,558.89 New Monthly Total Due (effective June 1, 2026) $ 51,067.50 The Village of Gowanda will provide the updated invoice in June of 2026. Please feel free to contact me at (716) 532-3353 if you need any additional information or have questions. Thank you, Traci Hopkins, Treasurer Village of Gowanda

MUNICIPAL SOLID WASTE SINGLE COLLECTION AGREEMENT THIS AGREEMENT is made this 10th day of February, 2026, by and between the VILLAGE OF GOWANDA, a New York municipal corporation with a principal place ofbusiness at 27 East Main Street, Gowanda, New York 14070 (the “Village”) and MRC Disposal, Inc., a corporation with ’ offices at 71 Nason Blvd., Springville, New York 14141 (“MRC”). RECITALS WHEREAS, the Village issued a Request for Proposals for Sping Big Trash Pick-up in December 2025 (the “RFP”), a copy of which is annexed hereto as Schedule A andis incorporated herein by reference; and WHEREAS, on January 15,2026 MRC submitted a proposal inrésponse tothe REP (the “Response to Request for Proposal”), a copy of which is annexed hereto as Schedule B, and incorporated herein by reference; and WHEREAS, the Village Board of Trustees adopted a resolution on February 10, 2026 awarding a contract to. MRC as lowest responsible bidder; and WHEREAS, the Village and MRC wish to enter into this Agreement, in accordance with the terms And conditions stated in the RFP and in MRC’s Response to Request fur Proposal. NOW, THEREFORE, the Village and MRC, in consideration ofthemutual covenants and promises contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, agree as follows: 1. Services Provided: Compensation. a. Commencing in May 2026, MRC shall provide the following services (the “Services”) during the month of May, to the Village: one-time bulktrash pick-up to include Household debris such as mattresses, box springs, furniture, carpeting/wood pieces, construction debris, small loose items in throw away durable boxs.; Disposal of up to 10 items per residential dwelling. tems must weigh no more than 5Ibs, b. The Village shall pay MRC a total of SEVENTEEN THOUSAND NINE HUNDRED NINETY DOLLARS ($17,990.00) as consideration for the Services, payable no later than 30 days after MRC invoices the Village. ; 2. Term of Agreement. The term of this Agreement shall be for a period of one (1) month, commencing on May 1, 2026 and ending on May 31, 2026, unkss terminated éarlier by the Village as provided for in the RFP. 3. MRC’s Representations and Warranties. MRC hereby affirms and ratifies that its Response to Requests for Proposals, and all statements, representations, warranties and covenants contained therein are, and will continue to be, complete, truthful and accurate during the term of this Agreement. :

4, Independent Contractor. At all times during the term of this Agreement, MRC shall remain an independent contractor, and shall in no way be considered a department, official or employee of the Village. 5. Insurance. MRC shall maintain in full force and effect throughoutthe term of this Agreement the types of insurance in the amounts specified in the RFP or as may be required by the Village. 6. Governing Law. This Agreement shall be governed in accordarce with the laws of the State of New York. - 7. Entire Agreement. This Agreement constitutes the entire agreement between MRC and the Village. Any prior or contemporaneous agreements, promises, negotiations or representations not expressly stated herein are of no force and effect. Any changes to this Agreement shall be by mutual consent of the parties and shall be in writing and signed by the Villageand MRC. 8. Assignment. This Agreement may not be assigned, in whole or in part, without the prior written consent of the Village. 9. Notices. All notices required by this Agreement shall be in writing, atid delivered either personally or by certified mail sent to the designated representative of the other party to the address given above. An address may only be changed upon written notice. 10. No Waiver: Severability. A waiver or breach of any term, condition, or covenant by a party shall not constitute a waiver or breach of any other term, condition orcovenant. Ifany court of competent jurisdiction declares a provision of this Agreement invalid, illegal, or otherwise unenforceable, the remaining provisions of the Agreement shall remain in full force and effect. 11. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be an original and all of which shall constitute but one and thesame instrument. IN WITNESS WHEREOF, the parties below have executed this Agreement as of the date and year first written above. MRC DISPOSAL, INC. By: _SaUW ff uixloy Name: Title: Sescbat- Phone: VILLAGE OF GOWANDA By: Name: Mark Nephew Title: Mayor, Village of Gowanda (716) 532-3353,

STATE OF NEW YORK CONTRACT FOR GRANTS FACE PAGE STATE AGENCY (Name & Address): BUSINESS UNIT/DEPT ID: DOS01/3800000 NYS Department of State One Commerce Plaza CONTRACT NUMBER: 1002654 99 Washington Avenue — Suite 1010 Albany, NY 12231 CONTRACT TYPE (select one) O Multi-Year Agreement O) Simplified Renewal Agreement Fixed Term Agreement CONTRACTOR NAME: TRANSACTION TYPE: O New GOWANDA VILLAGE OF CO Renewal Amendment CONTRACTOR IDENTIFICATION NUMBERS: PROJECT NAME: Village of Gowanda BOA Predevelopment NYS VENDOR ID Number: 1000004251 oe Activities Federal Tax ID Number: 16-6002472 | AGENCY IDENTIFIER: 23-BOA-2 ASSISTANCE LISTINGS (formerly CFDA) NUMBER (ALN) (Federally Funded Grants Only): CONTRACTOR PRIMARY MAILING ADDRESS: | CONTRACTOR STATUS: Village of Gowanda 0) For Profit 27 East Main Street Municipality, Code: Gowanda, NY 14070 C Tribal Nation O Individual O Not-for-Profit CONTRACTOR PAYMENT ADDRESS: Check if same as primary mailing address Charities Registration Number: D/a CONTRACTOR MAILING ADDRESS Exemption Status/Code: 3A/02 Check if same as primary mailing address O Sectarian Entity CONTRACTOR PRIMARY E-MAIL ADDRESS: mdnephi [email protected] Contract Number: C1002654 Page | of 2, Contract for Grants - Face Page

STATE OF NEW YORK CONTRACT FOR GRANTS FACE PAGE CURRENT CONTRACT TERM: CONTRACT FUNDING AMOUNT: (Fixed Term - enter current period amount; FROM: — 8/1/2025 TO: 7/31/2030 Simplified Renewal - enter cumulative amount to date; Multi-year - enter total projected amount of the contract) CURRENT: $180,000.00 AMENDED TERM: AMENDED: FROM: TO: FUNDING SOURCES: State C) Federal O Other ATTACHMENTS INCLUDED AS PART OF THIS AGREEMENT (select all that apply): O Appendix A O Attachment A: A-| Agency Specific Terms and Conditions O00 A-2 Program Specific Terms and Conditions A-3 Federally Funded Grants and Requirements Mandated by Federal Laws CO Attachment B: B-1 Expenditure Based Budget OOOOOO0O00 B-2 Performance Based Budget B-3 Capital Budget B-4 Capital Budget B-1(A) Expenditure Based Budget (Amendment) B-2(A) Performance Based Budget (Amendment) B-3(A) Capital Budget (Amendment) B-4 (A) Net Deficit Budget (Amendment) 1 Attachment C: Work Plan O Attachment D: Payment and Reporting Schedule O Other Contract Number: C1002654 Page 2 of 2, Contract for Grants - Face Page

IN WITNESS THEREOF, the parties hereto have executed or approved this Contract for Grants on the dates below their signatures. CONTRACTOR: STATE AGENCY: Village of Gowanda NYS Department of State 27 East Main Street One Commerce Plaza Gowanda, NY 14070 99 Washington A venue — Suite 1010 Albany, NY 12231 By: By: Printed Name Printed Name Title: Title: Date: Date: STATE OF NEW YORK County of. On the day of , before me personally appeared to me known, who being by me duly sworn, did depose and say that they reside at , that they are the of the , the contractor described herein which executed the foregoing instrument; and that they signed their name thereto as authorized by the contractor named on the face page of this Contract for Grants. (Notary) ATTORNEY GENERAL’S SIGNATURE . STATE COMPTROLLER’S SIGNATURE Printed Name Printed Name Title: Title: Date: Date: Contract Number: C1002654 Page 1 of 1, Contract for Grants Signature Page

BUDGET COMPARISON SUMMARY Contractor Name Gowanda (V) Contract Number C1002654 Type of Modification Budget Modification Budget Category Changes B. Travel C. Supplies D. Equipment F. Other Reason and Justification for changes The budget is being amended to consolidate all Contractual Services into a single line item as all work is expected to be completed by a single consultant and their sub-consultants. No subcontractors have yet been hired. In addition, 10% of the project will be performed by the Village Treasurer, so a commensurate amount of funding is being moved into the Salaries line. The salary listed is inclusive of fringe. Recipient Approval Signature of Authorized Official Date Printed Name of Authorized Official Title of Authorized Official For DOS Use only Program Representative Action: Approved Disapproved Signature of Program Representative Date Fiscal Representative Action: Approved Disapproved Nia N/a Signature of Fiscal Representative Date

BUDGET COMPARISON SUMMARY Contractor Name Gowanda (V) Contract Number C1002654 Category Current Budget Change +/- Amended Budget A. Salaries $0.00 $20,000.00 $20,000.00 B. Travel $0.00 $0.00 $0.00 C. Supplies $0.00 $0.00 $0.00 D. Equipment $0.00 $0.00 $0.00 E. Contractual $200,000.00 -$20,000.00 $180,000.00 F, Other $0.00 $0.00 $0.00 $200,000.00 $200,000.00 eu Total State Share $180,000.00 $180,000.00 Total Local Share $20,000.00 $20,000.00

VILLAGE OF GOWANDA REQUEST FOR PROPOSALS (REP) Consulting Services for Village of Gowanda Brownfield Opportunity Atea (BOA) Predevelopment Activities I OBJECTIVE The Village of Gowanda, New York intends to complete pte-development activities within its New York State-designated Brownfield Opportunity Area (BOA). Challenges to be addressed include a lack of information about vacarit, underutilized, and known ot suspected brownfield sites; need to further assess physical conditions and redevelopment opportunities and challenges for a minimum of five (5) strategic sites including potential environmental challenges, funding challenges, uncertainty tegarding site suitability, etc.; need to conduct a market analysis to assess potential redevelopment opportunities for key sites and the BOA in general, with a focus on priority industry types; need to develop marketing strategies and materials for key sites; and need to undertake marketing activities to promote redevelopment opportunities.to potentially interested businesses, investors, developers, etc. The primary community revitalization objectives/community benefits to be achieved through this project include redevelopment and occupancy of vacant, underutilized, and known ot suspected brownfield sites including empty storefronts; blight removal; improved community safety; increased property values, including for surrounding ptopetties; increased tax revenue and decreased tax rates; new business opportunities and job creation; increased utilization of existing infrastructure; increased dining, retail, tourism, and hospitality opportunities; more residents; gteater housing choice; increased access to the waterfront and natural resources; increased tourism and visitation to Gowanda: development of overnight and short-term accommodations; economic tevitalization; quality of life improvements; and improved environmental conditions. For purposes of this RFP, “Consultant” will be used to represent any of the following: 1. A single firm responding to this RFP 2. Multiple firms tesponding jointly to this RFP 3. A team of consultants consisting of a lead firm and sub-consultants responding to this RFP I. PROJECT Tn May 2023, New York Secretary of State Robert J. Rodriguez approved the designation of the Village of Gowanda Brownfield Opportunity Area (BOA), spanning Cattaraugus and Erie Counties. - The BOA nomination is a comprehensive planning tool and strategy designed to revitalize the Village of Gowanda that includes key recommendations and strategies to guide revitalization efforts. This project will directly advance the vision and goals of the BOA by removing informational barriers to redevelopment; identifying redevelopment opportunities through market analyses and community input; marketing development Oppottunities to interested parties; and helping to prioritize investment in properties best positioned for redevelopment. The full scope of services to be performed in conjunction with this project is included in Section III. In addition to this BOA project, the Village received $4.5 million in funding through New York State’s NY Forward (NYF) program for public and private projects that help revitalize the Village’s business district. Of this funding, the Village received $655,000 to create a Small Project Fund, administered by the New York State Office of Homes and Community Renewal (HCR). Through the Small Project Fund, smaller grants will be awarded to improve businesses and properties in the designated NYF

area, which has significant overlap with the BOA boundary. In addition, more than $1 million was awarded through the NYF program to undertake a streetscape beautification project within the business district as well as a wayfinding and branding project. ‘The BOA ptedevelopment project will complement these State investments and further aid in the revitalization of the Village. . Services provided under this contract must comply with applicable local, state, and federal regulatory requirements, and other professional practices and standards as necessitated by project conditions and project requirements, including those outlined in the Grant Contract between New York State Department of State and Village of Gowanda for Village of Gowanda BOA Predevelopment Activities, included as Attachment A. New York State-certified MWBE firms ate encouraged to submit proposals. The total MWBE utilization goal for this project is 30% (15% MBE/15% WBE). Respondents ate encouraged to partner with qualified State-certified MWBEs to achieve the utilization goal or explain how they will help meet the State goal. The Village of Gowanda will place an emphasis on the use of qualified local and Western New York State consultants. However, firms from outside of Western New York State and/or firms that find the need to employ out-of-area sub-consultants will also be given consideration. HiIl. SCOPE OF SERVICES The scope of services outlined below has been adapted from the Depattment of State Work Plan contained in Attachment A — Grant Contract Between New York State Department of State and Village of Gowanda for Village.of Gowanda BOA Predevelopment Activities (the Work Plan is included therein as Attachment C). Work to be completed in accordance with this project must comply with the Department of State Work Plan. Task 1: Project Advisory Committee The Village shall establish a Project Advisory Committee to ovetsee all aspects of the project in cooperation with municipal officials and the project consultant. The committee shall be representative of project stakeholders, including representatives of state, county, and municipal agencies with jurisdiction over project activities or the project area, and non-governmental and community-based organizations. The consultant shall be responsible for organizing and facilitating a minimum of four Project Advisory Committee meetings. Products: Agendas, handouts, and summaries for all Project Advisory Committee meetings. Task 2: Community Participation Plan Working with the Village and Project Advisory Committee, the consultant will develop a Community Participation Plan to guide community participation through the planning process. Since the Village has undergone numerous community patticipation processes, the Plan should build upon and not duplicate pre-existing efforts. The public should be kept awate of any planning and be given the opportunity for input. The document should identify stakeholders, meeting schedules, tactics for making the public aware, key points of. contact and site tour locations. The following public engagement activities will be held, at minimum, and will be facilitated by the consultant: a. Four Project Advisory Committee meetings b. One public workshop or informational meeting c. Six stakeholder interviews d. ‘Two touts of the village including key sites

Products: * Community partiapation plan * Project Advisory Committee presentations ¢» minutes * Public meeting materials * Stakeholder interview summaries and notes * Site tour packets Task 3: Market Analysis The consultant will complete a Market Analysis to assess the current state of the Village market and projected trends, particularly for the hospitality and tourism, retail, and housing markets. The Village has undergone market analyses for their past BOA work and the Market Analysis should review those analyses and build upon them accordingly. The analysis will include: _ a. Demographics and Socioeconomic Analysis b. Market Analysis c. Market overview d. Market profiles e. Case Studies f. Summary of findings Products: Market analysis with demographic and sovioeconomic analysis and surnmary of,‘findings Task 4: Brownfield Inventory and Assessment The consultant will update the Village’s brownfield inventory and cornplete a detailed assessment for a minimum of five key sites. A descriptive table of all brownfields within the BOA will be created. The table will include, at minimum, the property address, acreage, land use, zoning, ownership and any known environmental conditions. This shall serve as an update to the brownfield inventory. included in the Village of Gowanda BOA Plan and will include additional sites and updated site information, as appropriate. A minimum of five sites will be selected for additional assessment by the Project Advisory Committee, - based on factors such as location, potential for reuse, coopetation of property owners and the anticipated economic impact of redevelopment. The Village of Gowanda and their pattners will evaluate sites to ensure the highest priority -sites are being evaluated. Phase I ESAs, building and infrastructure assessments, site sutveys, and related assessments will be completed for key sites. Products: * — Inventory of brownfields * Updated individual brownfield profiles that include location, land use, xoning, site history, environmental conditions, soil description, proximity to natural resources, transportation systems, infrastructure analysis, alignment with planning, preferred uses, renderings, and cost estimates for preferred uses and identified partners in redevelopment. * Phase ESAs, building and infrastructure assessments, site surveys and related assessments for a minimum of five sites. Task 5: Site Marketing and Developers Forum Following identified teuse of sites and development of goals, objectives and strategies, the consultant will assist in marketing sites to preferred developers, businesses, and other interested parties through: a. Detailed reports for a minimum of five priority sites containing a detailed site description, ah engineering study and building assessment, a Phase I ESA, preferred reuse options based on

building/site characteristics and market potential, alignment with planning goals, renderings / concepts for the site, cost estimates, financing options, and potential redevelopment partners. b. Individual fly sheets for a minimum of five priority sites. cteated as marketing tools for the community. Each fly sheet should summarize the information contained in the detailed reports. , c. A’Developers Forum to showcase sites to developers, businesses, and other interested parties as well as local, regional and state agencies. Those agencies will present on vatious funding mechanisms to make redevelopment possible. The community will also present on the preferred reuse of the sites. The forum will include a tour of all or most sites on the inventory, with a description of each site available. d. Draft Expressions of Interest (EOIs) will be created for the highest priority sites including all information on fly sheets plus demogtaphic and socioeconomic details. The draft EOIs will - also break down the redevelopment process within the Village and act as a first step for a developet looking to develop on a site. , e. Final EOIs will be created following review of Draft EOIs. Final EOIs should be cteated and distributed with a Request for Proposals for each site. Final EOIs should be sent to local and regional developers as well as any local, regional’ and state agencies. Additional marketing sttategies should also be identified and undertaken, as appropriate. Products: * Local developers forum within the Village to host state and regional agencies, stakeholders, developers, and interested community memebers that includes a bus tour. ; * Detailed reports for a minimum of five priority sites within the BOA. * Fly sheets for each priority site that includes Rey site information. * Final EOIs provided at developers forum as well as sent out with a request for proposals for a minimum of five of the Village’s strategic sites. Task 6: Implementation Strategy The consultant shall prepare a sttategy outlining specific actions the Village of Gowanda can take to implement recommended improvements within the BOA area, including any necessary infrastructure improvements needed to support redevelopment. This implementation strategy will include a matrix identifying specific actions, phasing, partnerships, cost estimates and potential funding sources. The implementation matrix will also identify additional environmental assessments.or other actions that ate recommended to be performed on the strategic sites, which may include but is not limited to asbestos abatement/remediation, Phase I] Environmental Site Assessments, and additional marketing efforts that can be undertaken to position the sites for reinvestment and redevelopment. Products: Implementation matrix: of next steps to move the projects forward and continue redevelopment efforts on sites. Matrix will include specific next steps, phasing, partnerships, cost estimates and potential funding sources. Task 7: Environmental Quality Review The consultant shall prepate, or cause to be prepared, all documents necessary to comply with the State Environmental Quality Review Act GEQRA) through determination of significance. Ifa positive declaration is made, a Draft Environmental Impact Statement shall be prepared. Products: * SEHORA documents * Draft Environmental Impact Statement (if necessary)

Task 8: MWBE Reporting The consultant shall help the Village comply with MWBE Reporting Requirements by completing the following actions: * Submit Form D - MWBE Utilization Plan to indicate any state-certified MWBE firms selected to work on this contract. Form D must be updated and submitted to the Department of State whenever changes to the selected MWBE firms occur (addition, removal, or amount). * Record payments to MWBE companies using Department of State funds through the New York State Contract System (NYSCS). Task 9: Project Status Reports The consultant shall submit project status reports on behalf of the Village, semi-annually (every June 30 and December 31) on the form provided, including a desexiption of the work accomplished, the status of all tasks in this work plan, schedule of completion of remaining tasks, and an explanation of any problems encountered. Product: Completed project status reports during the life of the contract. IV. PROPOSAL REQUIREMENTS The ptoposal shall contain the following sections: 1. Name, address and brief description of the firm(s) involvedin the proposal. 2. A one-page narrative explaining the firm’s interest, particular abilities and qualifications related to this: project. . 3. A teflection of the firm’s approach to addressing the proposed project tasks and scope of work. 4. Identify the project outcomes, materials, documents, plans, and setvices you anticipate as part of this project 5. An organization chart identifying key personnel and subcontractors and a description of the qualifications and experience of the proposed project manager. 6. Desctibe the firm’s approach to satisfying typical State and Federal MBE/WBE participation goals of 30% (15% MBE/15% WBE). 7. A timeline for completion of all tasks outlined in the Scope of Services. Consultant agreements anticipated to be in place by 5-30-2026. Project anticipated completion date is 7-31-2028. Component Tasks (as identified in Section III- Scope of Services) By Month/Year Task 1: Project Advisory Committee Task 2: Community Participation Plan Complete Steering Committee Meetings (minimum of 4) Public Meeting (minimum of one) Stakeholder Interviews (minimum of six) Site Tout Packets

Site Tours (minimum of two) . Task 3: Market Analysis Task 4: Site Inventory and Analysis Updates (by site) Task 5: Site Marketing Plan & Developer Forums Task 6: Redevelopment Implementation Strategy Task 7: Environmental Review Task 8: MWBE Reporting Task 9: Project Status Reports Within (5) days of Quarter end to the Village 8. Descriptions of similar studies prepared by the firm(s) that directly involved key personnel assigned to. this project, along with corresponding current client references. 9. Examples. of knowledge, expertise and/or experience with BOA Projects (or similar). 10. The consultant shall purchase at its own expense and maintain during the term of this Agreement, insurance policies containing the following types of coverages and minimum limits of ability protecting from claims which may arise out of or result from the petformance or non-performance of services under this Agreement * Certificate of NYS Workers’ Compensation Insurance Coverage © Certificate of NYS Disability Insurance Coverage e Commercial General Liability insurance protecting the Village of Gowanda as named additional insured against loss or losses from liabilities arising from bodily injury of persons or damage to the property of others caused by accident or occutrence, including products/completed operations losses, with limits of not less than Two Million Dollars ($2,000,000) per accident or occurrence 11. Describe the “not to exceed” lump sum fee including ail labor, expenses, sub-consultant fees, and other fees per task as outlined in Section III above. Vv. PROJECT BUDGET The Village of Gowanda was awarded a NYS Department of State Brownfield Opportunity Area (BOA) Program grant to complete marketing and ptredevelopment activities for (5) brownfield opportunity atea sites. The total allocated for the services outlined in this RFP is no more than $180,000. VI. SUBMITTAL REQUIREMENTS Interested respondents must submit (3) sealed proposals, and (1) one electronic copy on a flash drive, accompanied by a cover letter, by 3:00 PM on Wednesday, April 22" to Traci Hopkins Village of Gowanda 27 East Main Street Gowanda, NY 14070 The Village of Gowanda takes no responsibility for any third-party etror in the delivery of the applications (e.g., U.S. Post Office, Federal Express, UPS, courier, etc.). Submittals received after the submission deadline will not be considered. The Village of Gowanda reserves the tight to reject all submittals that do not comply with these instructions. Proposals will not be returned and will become the propetty of the Village of Gowanda once submitted. Any and all expenses associated with the

pteparation of the proposals are the responsibility of the respondents and will not be reimbursed by the Village of Gowanda. The Village reserves the right to reject any or all proposals for any reason. Submission of a proposal does not constitute an offer or award of work or create any commitment on behalf of the Village. The Village reserves the right to negotiate the final agreement with the Consultant selected for the project, including the final scope of wotk and cost. Selection will be made by May 6th, 2026. VI. SELECTION CRITERIA The overall quality and completeness of the proposals will be assessed and evaluated with tespect to the following criteria: Experience: Specialized experience with respect to demonstrated programmatic and municipal brownfield redevelopment projects. Preference will be given to firms demonstrating experience with municipal brownfield program implementation. Past performance, televant experience, and municipal relationships in terms of project management and contract compliance are preferted. A list of all similar projects, scope and natute completed in the last five years will be used to determine the ptoposer's expettise, experience, and knowledge. 25% Technical Proposal: Proposals will be evaluated based on their quality, clarity, and demonstrated understanding of the project objectives and outcomes to be provided. The proposal must include a plan outlining how each item in the proposed Scope of Work will be addressed and what outcomes the Village can expect. 20% Team Composition: The proposed project team, project manager experience, and any subcontractors will be reviewed to identify capacity to assist with project implementation. The proposer must designate an individual as the Project Manager who will be directly responsible fot. all activities of the organization televant to this RFP and provide their resume showing qualifications, educational . background, training and experience. The project manager must have managed the implementation of at least one other project of a similar scope and nature. A description of the project must be submitted with the resume. 10% Implementation: An implementation schedule will be evaluated based on the ability to complete the ptoject within the time frame described in this RFP. The proposal must inclide an implementation schedule that lists all milestones for the development and implementation of project deliverables. 10% Location of the firm and proposed project team members will be evaluated relative to proximity to the project area and implications with respect to staff accessibility and travel-related expenses. 15% MWBE: Proposals that demonstrate how the required 30% MWBE goal will be obtained. 10% Cost Proposal: A Cost Proposal Outline must be submitted. Proposets must break down each task in the Scope of Work and assign a detail of cost for the action including personnel costs and reumbursable expenses. 10% It is the intention of Village of Gowanda to select one Consultant based solely on this RFP and the quality of the submittals received. Selected and non-selected firms will be notified in writing. The selected firm should be prepared to begin work immediately upon execution of an agreement. The tespondent shall comply with the relevant tetms and conditions of the State Contract under which the work is funded, included as Attachment A.

ATTACHMENT A: Grant Contract Between New York State Department of State and Village of Gowanda for Village of Gowanda BOA Predevelopment Activities

NICHOLAS A. LANGWORTHY 2gRo Distrur, New You FRCE BULGING Wasnincton, OC 20915-3223 (202) 226-3161 RULES Owirct Creces 8201 Maun Since OVERSIGHT Sure 13 Wiuamisvire, NY 14221 AGRICULTURE Congress of the Gnited States (718) BA7-~0844 Tie FenTon BuLoRe 2-6 Eaat Scconn Sracet House ot Representatives estan, NY 1704 Washington, BC 20515-3223 1 Brugaino ScuaRE Crean, NY 14780 (68S) 643-5033 March 3, 2026 89 Manxer STREET Conwing, NY 14830 (607) 977-3133 To Whom it May Concern: Tam writing to you today to notify you that my office is now accepting Community Project Funding (CPF) Requests for the Fiscal Year 2027 (FY2027) Appropriations Cycle. One of my top priorities is ensuring Western New York and the Southern Tier gets its fair share of federal resources and I encourage you to consider filing a CPF Request through my office. Based on the rules dictated via each committee, the deadline for submission is — Saturday, March 7", If you have any questions or intend to submit a project, please contact my Legislative Director, Allen Garnes, at your earliest convenience. As a Member of the House of Representatives, I will have the opportunity to submit 20 CPF Requests in the FY2027 Appropriations Cycle focused on bringing taxpayer dollars back to the 23 Congressional District for projects related to economic development, water infrastructure, crucial public facilities, law enforcement and public safety, transportation, health and much more. Ifyou would like to submit a CPF Request through my office, you must do so electronically by visiting my website at Fiscal Year 2027 Community Project Funding Request Form and completing my Community Project Funding Requests Form. If you have any questions about the CPF Request Process and whether your project may be eligible for funding, please contact my Legislative Director, Allen Garnes, at Allen.Garnes@m house. ail. gov. Sincerely, Slats 4 toll Nicholas A. Langworthy Member of Congress

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March 10, 2026 Board Meeting Financial Report General Water Sewer Capital Proj Comm. Dev/ Fund Fund Fund Spee. Proj Fund REVENUE (2/1/26- 2/28/26) $ 63,118.09 $ 47,458.93 $ 65,918.24 § 1,212,00248 ¢ 125.09 (cash collected and invoiced) Interest $2,441.49 Interest PRE PAYS (2/1/26 - 2/28/26): peony #18 Pre Pay Exp. Operating / $ 12,007.65 $ 6,541.68 $ 21,523.25 FAMA§1,206,593.39 Pre Pay Exp. Payroll Employee Deduction: $ 13,339.11 poe $ - Payroll Expense (2/6 & 2/20) $ 53,946.98 $ 17,948.09 $ 23,888.89 $ - TOTAL Pre Pays $ 79,293.74 $ 24,489.77 $ 45,412.14 $ : $ - CASH FLOW BALANCE (2/28/26): Operating Checking Balance $ 16,612.91 $ 22,469.77 $ 24,585.30 $ - Savings MM Balance Comm Bank $ 1,794,597.24 $ 416,542.72 $ 954,782.50 Comm Bank BAN Account $ 1,212,424.10 FEMA BAN Comm Bank Cap Project $ 959.25 Special Project/Comm Development $ 414,044.09 Payroll Account $ 59,350.72 : Local Fiscal Recovery. Funds (American Rescue Plan Funds- spent by 12/31 / 24- balance) $ 43.00 PROJECT/GRANT ACCOUNTS Peter Cooper Trust Funds (multiple accents) {for OM&M at Peter Cooper until 2040- inloudes CD and Trust Transfir Ant Est) $ 303,362.42 BOA Step 2 Project Account’ $ - WWTP Capital Project Account $ 425,349.37 ; TOTAL Cash Flow Available . $ 1,870,560.87 $ 439,012.49 § 979,367.80 $ 1,638,732.72 $ 717,449.51 ABSTRACT BILLS TO PAY: Operating Expenses $ 38,376.81 $ 26,636.76 $ 3855941 $ 13,994.40 $ - : & 26,636); HH $ 13,994.40 $ - ENDING CASH FLOW BALANCE: § _1,832,184.06 _§ 412,375.73 $ 940,808.39 § 1,624,73832 § 717,449.51 RESERVE ACCOUNTS 2/28/26 GENERAL FUND BALANCE General Fund Reserve for Fire Equipment: $ 15,030.71 General Fund Resetve for Highway Equipment $ 30,232.52 General Fund Reserve for Police Equipment $ 15,165.69 General Fund Reserve for Repair $ 96,113.38 General Fund Reserve for Tree Emergency $° 24,002.04 TOTAL GEN FUND RESERVES $ 180,544.34 Water System Reserve $ 110,455.13 Water Equipment Reserve $ 43,985.03 TOTAL WATER FUND RESERVES $ 154,440.16 SEWER FUND BALANCE Sewer System Reserve : $ 196,044.89 Sewer Equipment Reserve $ 121,458.75 TOTAL SEWER FUND RESERVES $ — 317,503.64

3:23 PM Village of Gowanda 03/04/26 Unpaid Bills Detail All Transactions Memo Open Balance Auto Wrench 50531 Skidsteer Sidewalk Plow Towing ta Baschmann 300.00 50554 Skidsteer Sidewalk Plow Towing to Gowanda 300.00 Total Auto Wrench 600.00 Baschmann Services W02646 Repair of Skidsteer Sidewalk Plow 3,136.80 Total Baschmann Services 3,136.80 Buffato Recycling 354178 10/23/25 & 357342 12/17/25 Plastic Recycling 36.90 Total Buffalo Recycling 36.90 Casella Waste Systems Inc. inv#2126560 Wkly Trash Jan 2026 - 3 Way Split 91.48 ¢ Total Casella Waste Systems Inc. 91.48 Cattaraugus County Risk Mgmt Random Drug Screen (Reid/Lemke) 256.45 2026 Workers Comp Premium Due- Allocated Billing 6,444.97 Total Cattaraugus County Risk Mgmt 6,701.42 Column software PBC 9C392A84-0044 Elections Notice 3-3-26 33.69 Total Column software PBC 33.69 Community Place LLC 2020 (8) Roller Skating @ $36 & (3) Youth B-Ball @ $35 thru 2/2026 385.00 Total Community Place LLC 385.00 Crowells #5710 Highway Supplies 1/28- 2/20/26 1,115.41 Total Crowells 1,115.41 Eagle Radio Technologies. 70074 Radio Install, 70073 Removal of Radio from D. Lynch 610.50 Total Eagle Radio Technologies 610.50 Eagle Systems of Jamestown AR129460 Police Copier Lease March 2026 54.40: Total-Eagle Systems of Jamestown 54.40 Emergency Services Marketing Corpt. Inv16728 Jamresponding Computer Dispatch Program Renewal (Vr 4 of 5 660.00 Total Emergency Services Marketing Corpt, 660.00 Emerling Agency Fire Prop/Liab.& Auto Qrt 1 of 4 install- due 3/1 3,967.46 Total Emerling Agency 3,967.46 Go Permits Refund for Building Permit Fee (job cancelled)- 50N Chapel 37.00 Total Go Permits 37.00 Gowanda Fire Company Reimbursement Spectrum Internet Accnt 231907401 2/1- 2/28/26 89.95 Village portion of Gas Bill- 230 Aldrich 1/17/25- 2/13/26 356.57 Total Gowanda Fire Company 446.52 Page 1 of 7

3:23 PM 03/04/26 Village of Gowanda Unpaid Bilis Detail All Transactions Memo Open Balance Gowanda Highway Department Diesel Usage Fire Jan 2026 119.96 Total Gowanda Highway Department 119.96 Gowanda Sewer Department Fuel Usage Fire Jan 2026 10.68 Fuel Usage Police Jan 2026 260.36 Fuel Usage Highway Jan 2026 216.83 Total Gowanda Sewer Department 487.87 Gui's Lumber 915986/2 Balance on Accnt- Credit Error Mailbox 63.98 Total Gui's Lumber 63.98 Haier's Fire Extinguisher LLC 10346 Fire - Fire Extinguisher Inspections 174.00 Total Haier's Fire Extinguisher LLC 174.00 HID Global Corporation INV#13402025707 Live Scan Equipment & Software 9,972.50 Total HID Global Corporation 9,972.50 McCGormacks Hardware 1626B Highway 1/28/26- 2/2/26 Supplies 129.96 Total McCormacks Hardware 129.96 NOCO Energy $P13226541 Diesel 435.90gal @ 2:721 Ship 1/26 SP13230481 564,90gal 2,734.48 Total NOCO Energy 2,734.48 Norco LD00037657 Cylinder Tank Rental Jan 2026 9.30 Total Norco 9.30 OnSolve LLC Code Red 4-11-26 to 4-10-27 - Contract Renewal 3,328.50 Total OnSolve LLC 3,328.50 Pine Ridge Enterprises Inv#262102A (35) Gowanda Rec T-Shirts 215.00 Total Pine Ridge Enterprises 215.00 Prizm Document & Technology Solutions 00916 Software & Computer Monitor (3) Police (5) Office - March 2026 407.00 Total Prizm Document & Technology Solutions 407.00 Quill Office Supplies 162.61 Police Camera & SD Card 400.11 Calendar 8.99 Total Quill 571.71 Sewing Technology Uniform Co 51117 Black Pants- Bove 132.00 Total Sewing Technology Uniform Co 132.00 Southern Tier West CAP Membership, Website Maint, Biel's Vault Storage for 2026 665.20 —— Page 2 of 7

3:23 PM Village of Gowanda 03/04/26 Unpaid Bills Detail All Transactions Memo Open Balance Total Southern Tier West 665.20 Spartan Warehouse 124411 Oil & Filter for F550 95.56 Total Spartan Warehouse 95.56 Strate Welding Supply 634912 Bottle Rental Oxy, Acetylene, Argon Feb 2026 36.80 Total Strate Welding Supply 36.80 The Hartford Steam Boiler #1337292 Boiler Certificate 27 £ Main St Location 220.00 Total The Hartford Steam Boiler 220.00 Unifirst 1140392538 Mat, Paper Service Inv Feb 2026 66.09 Total Unifirst 66.09 Valley Fab & Equipoment 139790 Plow Mrkers. 13982 2015 Plow Wing Parts 210.32 Total Valley Fab & Equipoment 210.32 Winters Rigging Towing for Ariel Truck on 1/27/26- Fire Response 860.00 Total Winters Rigging 860.00 Tear Page 3 of 7

3:06 PM 03/04/26 Village of Gowanda - Water Fund . . . Unpaid. Bills Detail Ail Transactions Memo Open Bafance CASELLA 2126560 Weekly Trash Jan 2026 (split) 91.48 Total CASELLA 91.48 Cattaraugus County Health Dept Multiple Samples Jan 2026 90.00 Total Cattaraugus County Health Dept 90.00 Cattaraugus County Risk Management 2026 Workers Camp Premium 1,826.08 Total Cattaraugus County Risk Management 1,826.08 Cintas 4258678584 Mat Paper Serv Inv Date Feb 2026 - split 43.88 Total Cintas 43.88 Crowells Accnt 5712 Supplies 1/27/26 Total Crowells Gallman Excavating Inc. Water Line Repair- Dawson Drive 2/18/2025 Total Gallman Excavating inc. Gowanda Sewer Fuel Usage Jan 2026 Total Gowanda Sewer McCormacks Hardware : 1626J Water 2/5 ~ 2/18/26 Total McCormacks Hardware Prizm Document & Technology Solutions 00916 Computer Monitoring March 2026 Total Prizm Document & Technology Solutions Quill Office Supplies Total Quill Shop-N-Save Accnt#1067 Distilled water for testing 2/26/26 Total Shop-N-Save Slack Chemical 498318 Chlorine/Drum ship 2/10/26 & 222860 222859 Drum Return 4,480.07 Total Slack Chemical 4,480.07 Team EJP Blasdell NY 6606338 Repair Clamps & Coupling 1,050.19 6608825 Tubing and Valve Box 736.90 Total Team EJP Blasdetl NY 1,787.09 Village of Gowanda Water Billing Admin Support Dec- Feb 2026 11,068.75 Total Village of Gowanda 11,068.75 26,636.76 Page 4 of 7

2:49 PM 03/04/26 Village of Gowanda - Sewer Fund Unpaid Bills Detail All Transactions Memo Open Balance BobCat of Buffalo Dumping Hopper for Grit & Screenign Shutes in New Pre-Treatment | 7,382.50 Total BobCat of Buffalo 7,352.50 Casella Waste Services 2126560 Weekly Trash Jan 2026 - Split 91.49 Total Casella Waste Services 91.49 Cattaraugus County Risk Mgt Worker's Compensation Premium 2026 2,470.57 Total Cattaraugus County Risk Mgt 2,470.57 Cintas 7 4258678584 Mat & Paper Service Inv Date Feb 2026 (Split) 43,89 Total Cintas 43.89 Croweils Acent 5711 Repair Supplies 1/27- 2118/26 1,231.19 Total Crowelis 1,231.19 Global Industrial 124122005 Oil Absorbing Mats for Equip Maint. 141,96 124093618 Spill Absorbing Mats (2 Rolls) 142.96 —— Tota! Global Industrial 284.92 Gowanda Highway Department Diesel Fuel Usage Jan 2026 72.08 Total Gowanda Highway Department 72.08 Hamburg Overhead Door 539770 Overhead Door Roller Replacement and Service 330.00 Total Hamburg Overhead Door 330,00 J.D, Northrup Construction 20059 Emergency Manhole Repair at W Main and Chapel St 5,286.66 Total J.D. Northrup Construction 5,286.66 Komline-Sanderson 42063488 Belt Press Repair & 42063033 Bearings Repair 2,258.20 Total Komline-Sanderson 2,258.20 McCormacks Hardware 1626H Repairs Supplies 1/28 - 2/26/25 855.83 Total McCormacks Hardware 855.83 Microbac Laboratories Multiple Samples 1/9- 2/6/2026 2,125.25 Total Microbac Laboratories 2,125.25 Noco Energy © Inv# SP13226542 Fuel 499.90/gal 2.0143 ship 1/26/26 1,009.35 ‘Total Noco Energy 1,009.35 Prizm Document & Technology Solutions #00916 Comp Monitoring Tech Support March 2026 88.00 Total Prizm Document & Technology Solutions 88.00 Page § of 7

owoane Village of Gowanda -.Sewer Fund Unpaid Bills Detail All Transactions Memo Open Balance Quill Office Supplies 39.02 Total Quill 39.02 Ronaid Steley Reimbursement of Deductible for Fall at Sewer Plant 12/26/2025 132.67 Total Ronald Steley . 132.67 USA Blue Book INV00968186 Analysis Supplies 415.79 Total USA Blue Book 415.79 Village of Gowanda - General Sewer Billing Admin Support Dec 2025- Feb 2026 Yr 2025-2026 11,068.75 Total Village of Gowanda - General . 11,068.75 Village of Gowanda - Water . Meter Reading to Water Dec 2025- Feb 2026 3,403.25 Total Village of Gowanda - Water 3,403.25 38,559.41 Page 6 of 7

1:23 PM 03/03/26 Village of Gowanda - Capital Projects Unpaid Bills Detail As of March 3, 2026 Memo Open Balance Municipal Solutions 24023 WWTP Cap Proj Fiscal Services EFC Funding 10/1/25- 1/15/26 1,394.40 Total Municipal Solutions 1,394.40 Wendel inv 394021-43 Prof Services thru 1-31-2026 12,600.00 Total Wendel 12,600.00 ea Page 7 of 7

12:20 PM 03/03/26 Village of Gowanda PrePay Report February 2026 Date Num Memo Amount Charter Communications Spectrum Business 02/25/2026 12963 8358 50 320 0018087 Muni Bldg/Police Internet 2/4£ -140.00 Hover Networks, Inc 02/09/2026 12916 475896 Phone Services Feb 2026 -271.47 independent Health 02/18/2026 = 12955 «= Acc#33534 invi#4316261 March 2026 -3,832.27 National Fuel 02/18/2026 12956 6687624 09 27 East Main St 1/12- 2/6/26 -650.94 NOVA Healthcare Administrators Inc 02/18/2026 12957 = HRA Admin 070530 Feb 2026 (3 way split) -16.67 NYSEG 02/09/2026 = 12917 = 1001-1211-132 Hidi Fire 12/27- 1/27/26 -65.26 02/09/2026 12919 — 1001-2714-829 StLtg R2 Gow 4/1- 1/31/26 -619.24 02/09/2026 12920 — 1001-2714-639 StLtg Collins R3 1/1- 1/31/26 1,531.45 02/09/2026 12921 — 1001-2714-621 StLtg Persia TN R3 1-1/31/26 -1,089.05 02/09/2026 12922 — 1004-0266-610 S Water St Lig 1/- 1/31/26 -23,85 02/09/2028 12923 —-1001-8686-492 St John St 12/27- 1/27/26 -569.18 02/09/2026 12924 + —- 1001-8687-037 Chang Hu Park 12/27- 1/27/26 “177.69 02/18/2026 = 12958 = 1001-1744-559 Aldrich Fire 1/7- 2/4/26 -959.11 02/18/2026 12960 1003-3457-754 Gateway Park 1/7- 2/4/26 -528,63 02/18/2028 12961 = 1001-0114-618 27 W Main SI 1/7- 2/4/26 -22.22 02/18/2028 12962 = 1009-0190-322 | Industrial Highway 1/7- 2/4/26 -210.05 02/25/2026 12964 — 1009-0190-322 | Industrial Highway 1/7- 2/2/26 -8.00 Spectrotel P2 02/18/2026 12959 = Acct #313300 Inv#13541811 2/8 - 3/7/26 Phone Bill -259,03 Verizon Wireless 02/09/2026 «= 12918 = Aco# 680187014 Inv#6134314770 12/24 - 1/23/202¢ -143.55 ~12,007.65 Page 1 of 4

12:26 PM 03/03/26 Village of Gowanda Pre-Pay Payroll Deductions February 2026 Date Num Memo Amount AFLAC 02/25/2026 3965 AFLAC Accnt:NCK62 Feb 2026 Invoice #790165 -573.48 AFLAC DENTAL & VISION 02/25/2026 3966 20260215008457 AFLAC Dental/Vision March 2026 ~206.15 Independent Health 02/18/2026 3962 Acc#33534 Inv#4316261 March 2026 -3,981,86 NOVA Healthcare Administrators Inc 02/03/2026 HRA Feb HRA Wilson -60.00 02/04/2026 HRA Feb HRA Wagner -35.00 02/42/2026 HRA Feb HRA Malek 4.60 02/13/2026 HRA Feb HRA Conklin -310.22 02/14/2026 HRA Feb HRA Carriero 8.84 02/14/2026 HRA Feb HRA Conklin -60.00 02/17/2026 HRA Feb HRA Conklin -63.60 02/19/2026 HRA Feb HRA Conklin 35.00 02/24/2026 HRA Feb HRA Carriero -40.00 02/24/2026 HRA Feb HRA Malek -95.06 02/25/2026 HRA Feb HRA Wagner -35.00 02/26/2026 HRA Feb HRA Reid -313.50 02/26/2026 HRA Feb HRA Malek -56.27 NYS Deferred Compensation 02/09/2026 3960 Plan# 0045420001 Pay Center# 206064 2-6-2026 +2,234.12 02/23/2026 3963 Plan# 0045420001 Pay Center# 206064 2-20-2026 -2,182,18 NYS Employees Retirement 02/23/2026 Feb 2026 Feb 2026 Employees Retirement- Enhanced Report -2,420,94 NYS Police Retirement System 02/23/2026 Feb 2026 Feb 2026 Police Retirernent Reporting 020- Enhance: ~268.93 SEIU200 United 62/09/2026 3964 Union Dues PR 2-6-2026 -477.18 02/23/2026 3964 Union Dues PR 2-20-2026 -177.18 -13,339.11 Page 2 of 4

12:37 PM 03/03/26 Village of Gowanda - Water Fund Pre Pay Report February 2026 Date Num Memo Amount Charter Communications 02/25/2026 5153 8358 50 326 0022979 Crestwood Int/Phone 2/1 - 2/4 -113.95 Independent Health 02/18/2026 5144 Acc#33534 Inv#4316261 March 2026 3,422.00 NOVA Healthcare Administrators Inc. 02/48/2026 5143 HRA Admin 070530 Feb 2026 (3 way split) -16.66 NYSEG 02/09/2026 5134 VOID: 1001-2131-560 Crestwood 12/25- 1/26/26 0.00 02/09/2026 5136 4001-2131-529 Point Peter 12/25- 1/26/26 “1,885.48 02/09/2026 $137 4001-2131-578 Hill Street 12/25- 1/26/26 ~22.22 02/09/2026 5138 4001-2131-560 Crestwood 12/25- 1/26/26 -998.77 02/25/2026 5144 1003-1703-415 Ind Place Storage 1/7- 2/2/2026 8,00 Verizon Wireless 02/09/2026 §135 Accnt 680187014 Jake Ph & Malek inv6134314770 -74.60 -6,541.68 Page 3 of 4

12:43 PM 03/03/26 Village of Gowanda - Sewer Fund Transaction List by Vendor February 2026 Bate Num Memo Amount Hover Networks Inc. 02/09/2026 5646 475896 Feb 2026 Phone Service ~B87.94 Independent Health 02/17/2026 S664 Acc#33534 Invwi#4316261 March 2026 ~4,764.50 NOVA Healthcare Administrators Inc 02/47/2026 5667 HRA Admin 070530 Feb 2026 (3 way split) -16.67 NYSEG 02/09/2026 5647 1001-8685-239 N Water Sewer Pump 12/27- 1/27/2i -102.19 02/09/2026 5649 1001-0114-741 WWTP 12/4- 1/626 7,679.73 02/17/2026 5665 1001-0114-766 Pump Station 1/8- 2/2/26 ~1,568.86 02/17/2026 5666 1001-0114-741 WWTP 1/7- 2/2/26 ~7,189.51 02/25/2026 5668 4009-0190-322 | Industrial Storage 1/7- 2/2/26 8.00 Verizon Wireless 02/09/2026 5648 Accnt 680187014 Inv6134314770 12/24- 1/23/25 -105.85 -21,523.25 Page 4 of 4