Story · Trustees of the Trust Funds
Fire truck reserve funds
The Trustees discussed a plan to review the laws and policies on how money left in the Fire Truck Capital Reserve Fund should be handled. After that, they plan to tell the Select Board what they found and what they recommend.
How it happened
Jul 1 · MinutesFirst mention
The Trustees talked about being ready to move money held in trust by Three Bearings Fiduciary Advisors to the Town. The money would pay for the Town's new firetruck. No vote is recorded.
Sep 15 · Minutes
The Trustees discussed their plan to finish moving money from the Town's Fire Truck Capital Reserve Fund (savings set aside for a future fire truck) to the Town to pay for the new fire truck, which was ready for delivery. The trustee who serves as bookkeeper said he intended to write a check to the Town from the Trustees' bank account. The Trustees' investment manager had recently moved the funds into that account.
Sep 15 · Minutes
The Trustees discussed a plan to review the laws and policies on how money left in the Fire Truck Capital Reserve Fund should be handled. After that, they plan to tell the Select Board what they found and what they recommend.