The Gardner Redevelopment Authority received a financial update showing most invested funds have been moved into a Guided Solutions account managed through Edward Jones. Speaker 2 said the guided account contains $583,308.91; roughly $100,000 was withdrawn from the original account to pay toward an outstanding development loan and around $200,000 was applied to pay off a MassDevelopment loan (figures discussed in session).

The director said the authority has not received full profit‑and‑loss statements for one Edward Jones account since the Guided Solutions account was set up and that staff has asked Edward Jones to restore full reporting for board review. He told members he will verify once statements are uploaded to OneDrive.

Board members moved to accept the financial reports as presented.

Speaker 2 also noted the authority renewed directors and officers insurance; the payment will appear on the next financial statement and was described as approximately $1,900. The renewal had been previously approved by the board earlier in the year; this meeting noted the payment timing and that it will show up on forthcoming statements.

Next steps: staff will confirm Edward Jones uploads, provide complete profit‑and‑loss reports for both accounts, and include insurance charges on the next packet.