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Winter Harbor selectmen approve warrants and treasurer’s report; hear investment update from bank managers
Summary
At the Sept. 8 Selectmen meeting, Winter Harbor approved minutes, warrants and the Treasurer’s Report, heard an update on the town’s investment portfolio from Bar Harbor Bank & Trust representatives and recorded account balances including a Trio-General Ledger balance of $461,904.18.
Winter Harbor Selectmen approved routine financial items and heard an investment briefing at their Sept. 8 meeting.
Chair G. Harrington called the Selectmen meeting to order at 6:00 p.m. and the board approved the Aug. 25, 2025 minutes (vote recorded 2-0), Warrant #10 (Sept. 2) and Warrant #11 (Sept. 5) (vote recorded 3-0), the Treasurer’s Report dated Sept. 5, 2025 (vote 3-0), and the Tax Collector’s Report dated Sept. 5, 2025 (vote 3-0). The minutes list the Town payroll #10 at $16,241.07 and Town accounts payable #11 at $145,542.19, for a combined total of $161,783.26.
The Treasurer’s Report included account balances: a Trio-General Ledger balance of $461,904.18 and a six‑month certificate of deposit of $105,382.87. Investment bond values were listed in the report and noted as market-value figures; the minutes record specific bond totals for two dates but do not include further discussion of investment strategy.
Representatives from Bar Harbor Bank & Trust attended to provide information about the town’s investment account. J. Testa and J. Pratt of Bar Harbor Bank & Trust were listed among meeting attendees and provided the portfolio update; the minutes do not record direct quotes or a detailed exchange during the presentation. Public comment later included a request for copies of the documents the bank provided.
The meeting adjourned the public portion at 7:00 p.m. and entered executive session at 7:03 p.m. for a personnel matter; the board returned to open session at 7:22 p.m.
