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Treasurer reports interest rates, account review and pension meeting schedule
Summary
Treasurer Thomas Lindner reported bank interest rates (Ascend Bank 3.5%, Liberty Bank 3.7%), reviewed accounts under monitoring including ARP and capital accounts, and noted the quarterly pension meeting schedule and the next meeting with Ivory Wealth Management on Sept. 4, 2026.
Treasurer Thomas Lindner presented the monthly financial report at the May 26 Board of Finance meeting. He reported current interest rates at Ascend Bank (3.5%) and Liberty Bank (3.7%), and reviewed accounts the town is monitoring: General Fund accounts, capital improvement borrowings, the ARP Fund account (American Rescue Plan Act), a Liberty Bank money market account that received wire transfers, the Education Equalization Grant (second installment expected in January; year not specified), short-term investments and bond payments.
Lindner also recapped the quarterly pension meeting held April 23, 2026, and noted the next pension meeting is scheduled for Sept. 4, 2026 at 3:00 PM with Ivory Wealth Management in Essex. The report was informational; no vote was recorded on these account items during the meeting.
