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October 11, 2012
Board of Commissioners of Trust Funds
Minutes of the October 11, 2012 Meeting

Present:  William P. Goreham, Raymond Vaillancourt and Thaddeus Buczko

The meeting was called to order at 5:30 P.M. in the Mayor’s Office.

The Clerk will invite the Eastern Bank Investment Advisors to our November or December meeting depending on their availability.  The Clerk will speak with the local Eastern Bank to see what is needed for signatures for the new treasurer, William P. Goreham.

Raymond Vaillancourt made a motion to approve the minutes of the
September 13, 2012 meeting.  The motion was seconded by Thaddeus Buczko and  voted unanimously.

The Salem Council on Aging submitted a request for medication reimbursement expense for local residents.  Raymond Vaillancourt made a motion to approve $494.07 from the Endicott Fund for payment.  The motion was seconded by William P. Goreham and voted unanimously.

The Brookhouse Home for Women submitted a request as part of their approved FY13 Large Grant.  A check for $958.48 will be forwarded to them.

First Quarter Large Grants were distributed as follows:


First Quarter Large Grants
NSCP
9,250.00
Catholic Charities
4,625.00
Salvation Army
1,750.00
St. Vincent de Paul Soc.
500.00
Life Bridge
500.00
Boys & Girls Club/Salem
2,000.00
Salem YMCA
2,500.00
Salem Cyber Space
750.00
Children's Friend
2,500.00
Salem Pantry
1,000.00
Joseph's Store House
1,250.00
Women's Friend
4,500.00
First Quarter LG Total:
31,125.00
There being no further business, the meeting was adjourned at 5:50 P.M.

Respectfully submitted:

F. Kay Fouhey, Clerk