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Winter Harbor selectmen approve warrants, review town investments
Summary
The Winter Harbor selectmen on Sept. 8 approved warrants and the treasurer’s report, reviewed investment account statements presented by Bar Harbor Bank and Trust, and recorded account balances and tax-collection rates for the fiscal year.
The Winter Harbor selectmen voted Sept. 8 to approve routine financial items and heard an investment presentation from Bar Harbor Bank and Trust portfolio managers.
In roll-call items, the board approved the Selectmen meeting minutes of Aug. 25, 2025 (recorded as Approved 2-0), approved Warrant #10 (dated Sept. 2, 2025) and Warrant #11 (dated Sept. 5, 2025) (recorded as Approved, vote shown as 3-0), and approved the Treasurer’s Report dated Sept. 5, 2025 (recorded 3-0). The Tax Collector’s Report dated Sept. 5, 2025 was also approved (3-0).
The Treasurer’s Report lists a Trio-General Ledger balance of $461,904.18 and a six-month certificate of deposit totaling $105,382.87. The minutes also record investment/bond market values listed in the report ($3,522,980.90 and $2,977,111.23 for the months shown). Payroll and accounts payable were recorded as Town P/R #10 $16,241.07 and Town A/P #11 $145,542.19, for a combined total of $161,783.26.
The Tax Collector’s report shows taxes receivable and collection rates of FY25: $25,258.80 (98.98% collected) and FY24: $3,712.75 (99.82% collected).
Selectmen received an update from portfolio managers at Bar Harbor Bank and Trust about the town’s investment account; the transcript records that information was presented but does not include a verbatim summary of portfolio recommendations or speaker names for that presentation. A request for copies of the bank documents was recorded during public comment.
What happens next: the minutes list FYI items distributed to the board, including the Schoodic EMS Report and the investment statement. No follow-up motions on investments were recorded in the minutes.
