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The Trustees began 2007 with a New Trustee: Phyllis Carifio who replaced Susan Drew our bookkeeper who had resigned in the fall of 2006. The following positions of the Trustees are as follows: B. Jill Senter, Chair, Helen Hart, Secretary, and Phyllis Carifio, Bookkeeper.
During the year, we continued to see a profit on our investments; the return has been much smaller than in the previous years, due to the inconsistency of the market. In 2005, the Trustees moved one account to an alternative lending institution for a trial period. This change has not produced the results we had anticipated. Therefore, the coming year will see a change in investment houses. The majority of the accounts will continue to be invested and managed by New Hampshire Public Pool (NH PDIP) until a satisfactory yielding profit has been established with a new institution. As directed by the 2007 Town Meeting, warrant article P-07-08 the Building Capital Reserve fund was established with a beginning balance of $20,000. No other new accounts were created. The Trustees currently oversee 12 accounts with a total
balance of $760,661.08. As always, the Trustees will continue to manage the Trust Funds entrusted to the Board to the best of our abilities in accordance with the laws of the State of New Hampshire.
Fund Name |
Beginning Balance |
Deposits |
Withdrawals |
Interest Earned |
Ending Balance |
Citizen’s Bank |
|
|
|
|
|
Plaistow Cemetery |
$95,009.74 |
$5,500.00 |
$0.00 |
$3,337.68 |
$103,914.13 |
North Parish Cemetery |
$6,198.43 |
$0.00 |
$606.82 |
$213.04 |
$5,737.94 |
Citizen’s Bank Totals |
$101,208.17 |
$5,500.00 |
$606.82 |
$3,550.72 |
$109,652.07 |
|
|
|
|
|
|
MBIA - NH Public Investment Pool |
|
|
|
|
|
Fire Dept. Capital Reserve |
$113,037.92 |
$80,000.00 |
$0.00 |
$7823.15 |
$200,861.07 |
Recreation Commission |
$1,283.72 |
$0.00 |
$0.00 |
$65.82 |
$1,349.54 |
P.E.G. Cable Access |
$130,294.62 |
$0.00 |
$9,528.59 |
$6,384.22 |
$127,150.25 |
Recreation Field |
$1,244.48 |
$0.00 |
$9,549.59 |
$62.97 |
$1,307.45 |
Internet Expendable |
$20,517.82 |
$0.00 |
$7,521.84 |
$1,040.24 |
$14,036.22 |
Fire Sup. Capital Reserve |
$0.00 |
$40,000.00 |
$0.00 |
$1,034.67 |
41,034.67 |
Town Hall Expendable |
$37,147.32 |
$113,147.15 |
$51,973.45 |
$3,503.08 |
$101,824.10 |
Accrued Leave Expendable |
$11,609.68 |
$0.00 |
$0.00 |
$590.84 |
$12,200.52 |
Outside Detail Expendable |
$35,467.77 |
$0.00 |
$36,083.03 |
$615.26 |
$0.00 |
Highway Capital Reserve |
$60,743.42 |
$59,000.00 |
$0.00 |
$4617.54 |
$124,351.96 |
Third Floor Renovations |
$28,025.88 |
$0.00 |
$22,110.00 |
$460.05 |
$6,375.93 |
Buildings Capital Reserve |
$0.00 |
$20,000.00 |
$0.00 |
$517.30 |
$20,517.30 |
NHPDIP Total |
$439,372.63 |
$312,147.15 |
$136,766.50 |
$26,715.14 |
$651,009.01 |
|
|
|
|
|
|
Total Invested Funds |
$540,580.80 |
$317,647.15 |
$137,373.32 |
$30,265.86 |
$760,661.08 |
Note: This is an un-audited report.
Respectfully submitted,
B. Jill Senter
Chairman
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