Board of Trust Fund Commissioners

Board of Commissioners of Trust Funds Minutes of the November 14, 2019 Meeting Present: Mayor Driscoll, William P. Goreham, Thaddeus Buczko, Sumner Jones and Richard Lobsitz The Mayor called the meeting to order at 5:30 PM in the Mayor’s Office, City Hall. The Council on Aging sent a request on behalf of three Salem residents to assist them with medication expense reimbursement. Thaddeus Buczko made a motion to approve $450.74 from the Endicott Fund for the expenses. The motion was seconded by William P. Goreham and voted unanimously. A statement was received for our annual post office box rental. Sumner Jones made a motion to approved $176.00 from the Administration Fund for the expense. The motion was seconded by Richard Lobsitz and voted unanimously. Cynthia Napierkowski from the Salem High School Music Department submitted a request for the annual awards from the Harris Music Fund. The Clerk sent out three $25.00 checks from the Harris Fund for this annual request. The Brookhouse Home submitted a request for $3,760.47 from the Endicott Fund. This FY20 Large Grant for $5,000.00 was approved in August 2019. No vote required. Richard Lobsitz made a motion to approve the minutes of the September 12, 2019 meeting. The motion was seconded by Thaddeus Buczko and voted unanimously. A thank you letter from Samaritan Charitable Society of Salem was received for the FY20 Large Grant. A thank you letter from Catholic Charities-North was received for the FY20 Large Grant. LEAP for Education sent a letter and brochure of their 2019 Annual Report. The Board reviewed the information. William P. Goreham distributed the First Quarter Report – ending September 30, 2019. The total Market Value listed was $8,984,149.52. The Board discussed and reviewed the information presented from the Eastern Bank. There being no further business, the meeting was adjourned at 5:55 PM. Respectfully submitted: F. Kay Fouhey, Clerk *All minutes are considered to be in draft form until approved at the next meeting.