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Treasurer presents quarterly report; board approves warrants and Trustee reimbursement
Summary
Treasurer Mary LaBrecque presented the quarterly financial report; the board approved payroll and payables warrants and agreed to reimburse the Trustees of Public Funds $75,000 as budgeted, leaving approximately $14,000 planned for next year.
Treasurer Mary LaBrecque provided the quarterly financial report and reviewed accounts and near-term obligations. Board members approved payroll warrants (payroll $2,463.14; payroll transfer $530.36) and payables of $14,047.62, with motions carried unanimously. The treasurer noted that the education payment will be made in September.
The board also agreed, by motion of Mary-Catherine Graziano and second of Pat Treckman, to reimburse the Trustees of Public Funds $75,000 as budgeted and discussed whether to pay the remaining roughly $14,000 this year to reduce interest expense. Board members asked for a more detailed breakdown of some line items (website expenses and others) and were advised to send follow-up questions to the treasurer.
