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Treasurer reports $593,409.23 cash balance; investments exceed $3.5 million
Summary
The town reported a Trio-General Ledger balance of $593,409.23 and bond holdings reported at approximately $3.5 million; a 6-month CD totaled $105,382.87.
During the Aug. 25 meeting the Treasurer presented the town's financial position: a general ledger balance of $593,409.23 (as of 8/22/2025), a six-month certificate of deposit at $105,382.87, and bond/investment holdings listed at $3,499,504.31 and $3,522,980.90 on the stated dates. Those figures were entered into the minutes as the town's market-value investment totals.
The figures were accepted by the Selectmen when they approved the Treasurer's Report (recorded 'Approved 2-0'). No additional detail on investment strategy or next steps with the investment representative was recorded in the minutes beyond a later public comment suggesting questions for the investment portfolio representative.
