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Needham Retirement Board reviews investment performance, bank reconciliation and transfers to PRIT; new treasurer announced
Summary
Board members reviewed January investment performance and bank reconciliations, discussed the monthly $7+ million transfer process into the PRIT account and heard that Heath Utter will join the Town of Needham as treasurer on June 1.
At its March 25 meeting the Town of Needham Retirement Board reviewed operating and bank reconciliation statements, discussed recent market swings and walked through the mechanics of monthly transfers into its PRIT account.
Board members reviewed the January operating statement and a print statement that showed a $4.6 million change in investments for January, with net unrealized and realized…
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