Hillsborough trustees approve reimbursements totaling $38,877.13 and direct fund distributions

The Hillsborough Trustees of the Trust Funds approved three reimbursement requests totaling $38,877.13 and directed staff to distribute annual fund income to named beneficiaries during a March 28 meeting at the Hillsborough Fire Department.

Trustee Riché Colcombe moved to approve the minutes of the Dec. 27, 2024 meeting; Lori Adams, trustee and secretary, seconded and the trustees voted 2–0 to adopt the minutes.

Finance Administrator Lauralee LoMonaco asked the trustees to authorize reimbursements from named trust and capital reserve funds. The trustees approved a $9,751.30 reimbursement from the Manahan Trust to cover improvements, park maintenance and telephone expenses; they also approved a $16,292.23 reimbursement from Capital Reserve (CR) 166, Police Department Equipment, for radio equipment and a $12,833.60 reimbursement from CR 152, Municipal Buildings Maintenance and Upgrades, to pay for engineering work related to the Hillsborough Associated Electric project. Each motion was made and seconded and carried by a 2–0 vote.

The trustees acknowledged a Jan. 10, 2025 notification from Water and Sewer Administrator Penny Griffin that she would mail a check for $26,769.88 in system development charges to be deposited into Capital Reserve Fund 134.

The trustees also agreed to instruct staff member Bill Shee to distribute annual income from library funds to the Fuller Public Library, income from the Dana Crain fund to the rescue squad, and income from other funds with annual distributions to the town.

The meeting was called to order at 4:20 p.m. and adjourned at 5:00 p.m. Minutes were submitted by Lori Adams, secretary, on April 2, 2025.