Selectboard and Trustees direct Labounty CD proceeds to Vanguard Balanced Index Fund (VBIAX)
Trustee Marge Wakefield recommended, and the Selectboard authorized, reinvesting proceeds from a matured Labounty Fund CD into Vanguard’s VBIAX (60% stocks, 40% bonds); the motion named the Selectboard and resident trustee as the trustees to direct the deposit.
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Marge Wakefield, Trustee of Public Funds, reported that a Labounty Fund certificate of deposit matured and the proceeds are currently in the town’s operating account.
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