Board of Commissioners of Trust Funds
Minutes of the September 9, 2010 Meeting
Present: Robert Lutts, Raymond Vaillancourt, Thaddeus Buczko and William Goreham
Robert Lutts called the meeting to order at 5:30PM.
Thaddeus Buczko made a motion to approve the minutes of the August 12, 2010 meeting. The motion was seconded by Raymond Vaillancourt and voted unanimously.
Noreen Cavangh from St. Joseph Food Panty and Harvest for Hope, attended the meeting and made a presentation on behalf of the organization.
The Board members reviewed the needs of the Pantry and the assistance given to Salem residents. After discussion, Raymond Vaillancourt made a motion to approve $2,000 as part of the FY2011 Large Grant program to assist the agency. The motion was seconded by Thaddeus Buczko and voted unanimously.
The Salem Council on Aging submitted requests for medication expense reimbursement in the amount of $104.94. Robert Lutts made a motion to approve payment from the Endicott Fund. The motion was seconded by Raymond Vaillancourt and voted unanimously.
The Salem High School After the Prom Committee forwarded a thank you letter to the Board for their contribution and reviewed all the activities of the evening.
The last Read Picnic vendor submitted their tickets for reimbursement in the amount of $115.00. This will be paid from the Picnic Fund.
The interest earned on the Nichols Library ($294.16) and Read Library ($984.79) will be forwarded to the Salem Public Library to purchase additional books.
The interest earned from the Perpetual Care Fund will be forwarded to the Department of Open Space ($15,557.90).
Thursday, November 11, 2011 is a holiday for the City. The Board members agreed to move the meeting to Thursday, November 18, 2010, 5:30 PM, Mayor’s Office.
The Third Quarter Report was distributed to the Board for review.
The Board will extend an invitation to our Eastern Bank Advisors to come to our December 9, 2010 meeting to review the current portfolio.
There being no further business, the meeting was adjourned at 6:10PM.
Respectfully submitted:
F. Kay Fouhey, Clerk
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