Trustees of Trust Funds Meeting: February 11, 2025
6:00 pm Annex (small) and Virtual
6 Town Hall Dr, Princeton 01541
Published on: October 26, 2025 at 3:45pm
Last modified: October 26, 2025 at 3:48pm
LOCATION: Small Room – Town Hall Annex (virtual option https://meet.goto.com/181229549
REQUESTED BY: Janelle Tanenbaum
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“The listings of matters are those reasonably anticipated by the Chair 48 hours before said meeting, which may be discussed at the meeting. Not all items listed may in fact be discussed and other items not listed may also be brought up for discussion to the extent permitted by law.”
LIST OF TOPICS TO BE DISCUSSED
Review and discuss investments
Discuss audit process
Discuss schedule for projected payments
Discuss potential trustee liaisons for trusts
Review meeting minutes
Old Business
New Business
Present: Janelle Tanenbaum, Chair; and Bill Holder. Bryan Acuto participated remotely. Jean Green; Melissa Hawthorne,Town Treasurer; Chuck Patterson, Bartholomew & Company.
6:09PM Call to order
Review Meeting Minutes: The minutes of the January 14, 2025, meeting were reviewed and approved unanimously.
Review of Trust Information on Town Website: Jean Green reviewed samples of potential social media postings. Bill Holder noted that, as the Trustee liaison to the trusts offering financial assistance, he and Jean Green would meet in the near future to hash out a complete plan to present to the other Trustees relative to the financial assistance trusts and possible social media postings.
Investments: Chuck Patterson of Bartholomew presented a semi-annual review of the Trust fund investments. This included presentations on the portfolio allocation history, the historical market value and performance summary and details of the portfolio holdings.
Following a discussion of the nature of several of the current bond and stock fund holdings, a revised Investment Policy Statement was reviewed. Chuck Patterson of Bartholomew noted that he wanted to bring his investment team out to one of the upcoming Trustee meetings to make sure that his team understood our plan and possibly offer suggestions to it.
The projected trust payment schedule and liaison assignments: Because liaisons were assigned at the previous meeting, no action was taken on this agenda item.
Audit: Bill Holder proposed that the Trustees conduct a self audit of the expenditures from the Trust Funds. All agreed. Janelle Tanenbaum was going to reach out to the accountant to get the appropriate accounting ledgers for Fiscal 2024 and the months-to-date for Fiscal 2025.
Next Meeting: Tuesday, March 18, 2025, at 6:00PM in the small conference room.
Meeting Adjourned: 7:34 PM