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Town of Reading <br /> Meeting Minutes RECIVED <br /> TOWNCLERKaao„ READING, MA. <br /> Board - Committee - Commission - council: 2111 AU6 21 AM 8. 29 <br /> Commissioners of Trust Funds <br /> Date: 2019-01-10 Time: 7:00 PM <br /> Building: Reading Town Hall Location: Conference Room <br /> Address: 16 Lowell Street Session: Open Session <br /> Purpose: General Business Version: Final <br /> Attendees: Members - Present: <br /> John Daly, Elizabeth Klepeis, Neil Cohen and Endrl Kume <br /> Members - Not Present: <br /> Andrew Friedman <br /> Others Present: <br /> Minutes Respectfully Submitted By: Endri Kume <br /> Topics of Discussion: <br /> Mr. Cohen called the meeting to order at 7:08 PM. <br /> Open Session for topics not reasonably anticipated 48 hours in advance of the <br /> meeting <br /> None. <br /> Meeting Notes <br /> Ms. Klepeis moved with a motion to approve the meeting notes for 12/04/18. <br /> On a motion by Ms Klepeis seconded by Mr. Daly the Minutes of the 12/04/18 meeting <br /> were approved, by a vote of 4-0-0. <br /> Ms. Klepeis moved with a motion to approve the meeting notes for 12/17/18 as amended. <br /> On a motion by Ms Klepeis seconded by Mr. Daly the Minutes of the 11/15/18 meeting <br /> were approved as amended by a vote of 3-0-1 <br /> Mr. Cohen abstained as he was not present at the meeting. <br /> Review Cash Flow and Trust Balances Reports <br /> Mr. Daly asked Mr. Kume what the current MMDT interest rate was and if it made sense to <br /> move some of the funds from the Wells Fargo Money Market to MMDT. Mr. Kume responded <br /> that the rate was a little over 2% and if moved the funds would definitely accrue more <br /> interest. <br /> On a motion by Ms Klepeis seconded by Mr. Daly $200K was approved to be transferred <br /> from Wells Faroo to MMDT. by a vote of 4-0-0. <br /> Page 1 1 <br />