Laconia Putnam Fund

Laconia Putnam Meeting October 17, 2022 A meeting was called to order on Monday, October 17, 2022, at 1:25 pm, held at City Hall located on Beacon East Street in Room 200B with the following in attendance: Linda Peary, Jim Rogato, Betty Ballantyne, and our newest member Joanie Mercer. This meeting called to prepare the Board to meet the Trust of Trustees for their quarterly meeting to be held the same day at 2:00 pm. Linda prepared documentation of the breakdown for the operating expenses for each performance for the 2022 Spring & Fall Programs including 2 Divas and a Piano, Bachelors of Broadway, The Temptations Experience and the upcoming performance Blues Performer, Albert Cummings. This document is prepared to submit to the trustees. (See attached) Linda also has the copy of the letter sent to the Trustees when requesting $70,000 in July 2022. (See attached) Jim Rogato will be sharing the history of Putnam and as to where all our monies are targeted for the Community to the Trust of Trustees. Others are encouraged to participate with their thoughts and suggestions to the Trustees. Collectively our concerns are the amount allocated to us for the fiscal year 2023. The amount to us, by the Trust of Trustee was $40,000.00 versus the entitled amount allowed by law at a maximum of 7% of the last three-year averaged market value to be $109,915.65. The $40,000 was 2.7% of the three-year market value. Our letter of request was $70,000. Not at all close to the allowable amount of $109,915.65. Based on our balance carried over for 2022 of $64,677.82, the allocated amount of $40,000, this allows $104,677.82 for the 2023 fiscal year. Disbursed monies spent for 2022’s fiscal year was $89,911.94. We are to explain our processes for the shows held at the Laconia Colonial Theater, their management group Spectacle, upcoming performances along with the opportunity available to us when a person/group is brought to us sometime 18 months in advance, therefore our concerns for a cushion. We expect to disclose to the Trustees our monies for a cushion to be $35,000 to $40,000. MICELLANEOUS: Submitted by Charles H Bradley, III was a thank you to Nellie Chamberlin, City Councilors who appointed and reappointed, to Scott Myers who was instrumental in securing appropriate funding for the Putnam Fund, also to his wife Marie, and the last 10 years Nancy Brown, Administrative Assistant. (See attached – 7 pages) With no further business to come before the board, the meeting was adjourned at 1:55 pm. Respectfully submitted, Betty Ballantyne Laconia Putnam Board/Secretary