About Us
- Custodians of the Town’s perpetual care funds, charitable
trusts, private donations, and capital reserve/expendable
trust funds.
- Act in a fiduciary capacity and make the decisions
regarding expenditure from these funds based on the
wishes of the donor for privately donated funds.
- Release capital reserve funds and expendable trust funds
to the appropriate government officials upon request.
- Make decisions on how these funds are to be invested,
based upon the statutes and the investment policy
adopted by the Trustees.
The Trustees of the Trust Funds follow the statutes in NH Department of Justice, RSA 31, (beginning at 31:19, General).
Meetings
Trustees meet at least 5-6 times per year; date and time varies, depending on schedule; meet at the Town Office. The Trustees meet at the beginning of the year to discuss annual reporting to the town and the state; Trustees meet at least on a quarterly basis and will set up additional meetings if required by distribution requests and/or funds to deposit; Trustees meet in early December for any end-of-year transactions, as needed.
Membership
The Trustees of the Trust Funds has a total of 3 members:
- 3 voting members are elected to serve three-year terms, on a staggered basis
(If a trustee resigns prior to the end of their term, the Selectboard may appoint a replacement.)
- 1 alternate is appointed by the Trustees of the Trust Funds and approved by the Selectboard for a one-year term
The Trustees work closely with the Town Administrator and the Superintendent of Cemeteries.