Trustees of the Trust Funds Meeting Minutes
1-11-13
Attendees:
Cara Marston
Ross Morse
Harry Vogt
Officer Joseph Di George
Opening:
The meeting of the Trustees of Trust Funds was called to order at 8:15 AM, January 11, 2013 in the Pittsfield Town Hall by Harry Vogt, Meeting Chair.
Approval of Minutes: Minutes of the December 14, 2012 meeting were approved as written.
Approval of Treasurer’s Report: The treasurer’s report was approved as distributed.
Old Business: Reviewed fixed income investment guide for Band and Cemetery Trusts.
New Business:
1. Sanderson Fund Requests
Officer Joseph Di George was present to answer questions and present a request for funds from the Sanderson Trust.
Sanderson Fund requests were reviewed and discussed. More information pertaining to the requests from the Red Cross and The Pittsfield Firefighters Association will be sought by Mr. Vogt and Mr. Morse respectively.
2. School Funds, Library and Sanderson Trust Investment Policy Review
Reviewed the School Funds, Library and Sanderson Trust Investment Policies. The Board reviewed and amended the target allocations for the School Funds and Sanderson Trust to become consistent with the allotment range/target allocation format that the Board has been including in other Town Trusts.
3. Dates for Quarterly Meetings
Tentative dates were set for quarterly Trustee meetings on April 19, July 19, October 18, 2013
and January 17, 2014 with meetings as needed to be added.
Next Meeting: February 15, 2013 – 8:15 AM to discuss
a. Sample Grant Application
b. MS-9 & MS10 Reports
c. Pittsfield School District Fund Requests & Disbursement Review
Adjournment: The meeting was adjourned at 10:15 AM.
Minutes submitted by: Ross Morse