2019-05-09 Commissioners of Trust Funds Minutes

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Town of Reading Meeting Minutes rFCEIVED TOWN CLERK READING, MA.�- Board - committee - commission - Council: 2111 AUG 21 AM 8: 29 Commissioners of Trust Funds Date: 2019-05-09 Time: 7:00 PM Building: Reading Town Hall Location: Conference Room Address: 16 Lowell Street Session: Open Session Purpose: General Business Version: Final Attendees: Members- Present: John Daly, Elizabeth Klepeis, and Endri Kume Members - Not Present: Andrew Friedman and Neil Cohen Others Present: Minutes Respectfully Submitted By: Endri Kume Topics of Discussion: Mr. Daly called the meeting to order at 7:18 PM. Open Session for topics not reasonably anticipated 48 hours in advance of the meeting Mr. Kume informed the Commissioners of a request that he received related to a donation from a school donor towards one of the Trust Funds. The question was which fund would be more appropriate for the donor to donate to the school in honor of his brother with the purpose of the donation to be disbursed during the graduation ceremony. Mr. Kume asked if the Friend of Reading Trust Fund would be appropriate. Ms. Klepeis mentioned that Friend of Reading Trust Funds was too restrictive and not the best choice in this case. Ms. Klepeis suggested Dennis Leanne Trust Fund would be the more appropriate fund considering the situation. Mr. Daly asked if the funds were received or not, and Mr. Kume informed the board that the donor was undecided, and at this point, he was awaiting further instructions from the Trust Fund Commissioners. Mr. Kume also mentioned that he did not receive anything from the donor. Commissioners were asked only to authorize the award in case the donation comes through. With no further discussion, Ms. Klepeis made the following motion: On a motion by Ms Klepeis seconded by Mr. Daly $1,000 were authorized to be awarded from Dennis Leanne Trust Fund with the condition of receiving and clearing the donation first and if the gift is not received the authorization would be rescinded with no furth r discussion, by a vote of 3-0. Mr. Kume informed the Commissioners that Mr. John R Halsey was the new Select Board .liaison recently appointed by the Board replacing Mr. Andrew Friedmann. Mr. Kume informed the Commissioners that he had done an audit on all the expenses and the fund balances between the Accountant and Treasurer. This audit was the result of questions asked to Mr. Kume by the Commissioners on how the expenses are paid from the Trust Funds. Mr. Kume had reviewed all the expenses with the Town Accountant, and they Page 1 1