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Carroll County trustees adopt investment policy, appoint chair and approve $9,180 in nursing home expenditures
Summary
On June 20, 2024, the Carroll County Trustees of Trust Funds unanimously adopted an investment policy, appointed Commissioner Chuck McGee as chair, designated CFO Bonnie Batchelder-Edson as bookkeeper and approved three Gift Cart Fund expenditures totaling $9,180 for nursing home improvements and staff appreciation.
The Carroll County Trustees of Trust Funds met June 20, 2024, and voted unanimously to adopt a new investment policy presented by Representative Tom Buco, appoint Commissioner Chuck McGee as board chair and name CFO Bonnie Batchelder-Edson as the board’s bookkeeper. The trustees also approved three nursing home expenditures from the Gift Cart Fund totaling $9,180.
Representative Tom Buco moved to adopt the presented investment policy; Commissioner Chuck McGee seconded and the motion passed 3-0. The minutes record the action as "MOTION: Adopt Investment Policy as presented by Rep. Buco, 2nd Comm’r McGee. Passed 3-0." The minutes do not specify additional details of the policy in the record.
Treasurer Joe Costello moved to appoint Commissioner Chuck McGee as chair of the board; Rep. Buco seconded and the motion passed 3-0. The board next approved a request to appoint CFO Bonnie Batchelder-Edson as the board bookkeeper at her request; that motion, made by Rep. Buco and seconded by Treasurer Costello, also passed 3-0.
On financial matters, Treasurer Costello moved, with Rep. Buco seconding, to approve two nursing home expenditures from the Gift Cart Fund: $2,420 for courtyard improvements and $1,950 for employee appreciation. Both items were approved 3-0. The trustees then approved an additional Gift Cart Fund expenditure of $4,810 to purchase a grill and accessories for the nursing home; that motion passed 3-0. Rep. Buco asked for assurance that the grill would be maintained and properly stored during the off-season; the minutes record the request but do not provide a written assurance.
The trustees accepted trust fund reports for Dec. 31, 2023, and May 21, 2024, on a motion by Treasurer Costello, seconded by Rep. Buco; the motion passed 3-0. The meeting adjourned at 11:52 a.m. The minutes include signature lines for later approval but do not record a signed approval date in the document.
Actions recorded in the minutes were unanimous (3-0) on each motion. The minutes do not reference state statutes, ordinance numbers, or external approvals related to these actions.
