Trustees Investment Advisor Payment Warrant Articles
The Trustees of Trust Funds are proposing warrant articles to allow using annual income from the Town and Schools publicly funded trust funds to pay investment advisor fees to assist them in investing those funds more productively with a greater potential for larger returns. Each of these warrant articles respectively has been unanimously approved and recommended for passage by the Exeter Select Board (5-0), the Exeter Region Cooperative School District Board (6-0), and the Exeter (Elementary) School District Board (5-0). There is no tax impact.
Town of Exeter Warrant Article 20 – “Adopt Investment Services for Capital Reserve Funds”. Select Board Unanimously Approved December 4, 2023:
“To see if the Town will vote, pursuant to RSA 35:9-a-II, to authorize the Trustees of the Trust Funds to pay for Capital reserve fund investment services, and any other expenses incurred, from capital reserve funds income. Such authority shall remain in effect until rescinded by vote of the Town. No vote to rescind the authority shall occur within 5 years of the original adoption of this article. (Estimated Tax Impact: None. No amount to be raised by taxation). (Majority vote required) The Exeter Select Board recommends approval of this warrant article, 5-0.
Exeter Region Cooperative School District Warrant Article 04 - “Investment Management of Trust Funds”.Approved Unanimously by ERCSD Board December 19, 2023:
“Shall the Exeter Region Cooperative School District vote, pursuant to RSA 35:9-a,III, to authorize the Trustees of the Trust Funds to pay for Capital reserve fund investment services, and any other expenses incurred, from capital reserve funds income? Such authority shall remain in effect until rescinded by vote of the district meeting. No vote to rescind the authority shall occur within 5 years of the original adoption of this article. (Estimated Tax Impact: None. No amount to be raised by taxation). (Majority vote required) The Exeter Region Cooperative School Board recommends approval of this warrant article, 6-0.
Exeter (Elementary) School District Warrant Article 04 - “Investment Management of Trust Funds”. Approved Unanimously by ESD Board December 12, 2023:
"Shall the Exeter School District vote, pursuant to RSA 35:9-a,III, to authorize the Trustees of the Trust Funds to pay for Capital reserve fund investment services, and any other expenses incurred, from capital reserve funds income? Such authority shall remain in effect until rescinded by vote of the district meeting. No vote to rescind the authority shall occur within 5 years of the original adoption of this article. (Estimated Tax Impact: None. No amount to be raised by taxation). (Majority vote required) The Exeter School Board recommends approval of this warrant article.”
