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Winter Harbor approves routine financial reports and hears bank portfolio briefing
Summary
Selectmen approved minutes, warrants and financial reports, received an investment-portfolio briefing from Bar Harbor Bank & Trust, and recorded account balances and tax-collection rates; executive session on personnel followed the meeting.
Selectmen in Winter Harbor on Sept. 8 approved routine financial business and heard an investment-portfolio briefing from Bar Harbor Bank & Trust.
The board voted to approve the Selectmen meeting minutes of Aug. 25, 2025 (recorded as Approved 2-0), warrants #10 (Sept. 2) and #11 (Sept. 5) (recorded as Approved 3-0), the Treasurer’s report dated Sept. 5, 2025 (Approved 3-0), and the Tax Collector’s report dated Sept. 5, 2025 (Approved 3-0). The minutes do not record who moved or seconded the motions, nor do they include a roll-call of individual votes; tallies are listed as recorded in the meeting minutes.
The Treasurer’s section lists account balances: Trio-General Ledger balance $461,904.18 (as of 9/5/2025) and a six-month certificate of deposit of $105,382.87. Investment values in the minutes include bond/investment figures showing $3,522,980.90 and $2,977,111.23 on two reporting dates; the minutes label these as investment account market values but do not attribute them to a specific date beyond the columns shown.
Bar Harbor Bank & Trust portfolio managers attended and “provided information about our investment account,” according to the minutes; the record notes the briefing but does not include detailed figures, recommendations, or a written summary from the bank in the minutes.
Public records filed with the minutes show town payroll and accounts payable totals for the period as Town P/R #10 $16,241.07 and Town A/P #11 $145,542.19, totaling $161,783.26. The Tax Collector report listed taxes receivable and collection percentages: FY25 $25,258.80 (98.98% collected) and FY24 $3,712.75 (99.82% collected).
Following the regular session, the board moved into executive session for personnel matters under 1 M.R.S.A. § 405(6)(A) and reconvened out of executive session at 7:22 p.m.
The minutes do not record motions’ makers/seconders or a roll-call; they record outcomes and tallies only. The town manager signed the minutes as submitted.
