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Selectmen review treasurer’s report and investment balances totaling multimillion-dollar bond holdings
Summary
The Selectmen reviewed the Treasurer’s Report and investment account values, including a Trio-General Ledger balance of $593,409.23, a 6-month CD at $105,382.87, and bond holdings reported at $3,499,504.31 (5/31/2025) and $3,522,980.90 (6/30/2025).
The board approved the Treasurer’s Report dated Aug. 22, 2025 (recorded Approved 2-0) and reviewed the town’s investment accounts. The Trio-General Ledger balance was listed at $593,409.23 as of Aug. 22, 2025; a 6-month Certificate of Deposit was recorded at $105,382.87. Investment bond values were listed as $3,499,504.31 for 5/31/2025 and $3,522,980.90 for 6/30/2025.
During public comment M. Riley offered suggestions on what to request from the investment portfolio representative. The minutes do not record further discussion or decisions about changing investment strategy or engaging a specific advisor.
