Among the highlights:
- The BoS agreed to budget an appropriation of $25,000 for the Trustees of the Trust Funds to pay for the annual management fee of a professional investment service. The Trustees have done a great deal of due diligence including consultation with the Charitable Trust unit of the NH Attorney Generals Office, who encourage use of professional firms for the creation and management of Trust Fund investment portfolios. They are in the final stage of the evaluation process, and after evaluating 35+ NH investment firms, they are left with two firms as finalists: Mill River Wealth Management and Bank of NH.
- The Milfoil Committee budget request is up somewhat this year to $250,000. The committee pointed out that the $18,000 refunded from the Tri Town Milfoil group and the $18,000 rebated by NH DES will more than cover the $25,000 increase in spending. They do expect to use less herbicide this year, 2 treatments instead of 3.
- We anticipate around $30,000 from Time Warner Cable for the 2016 cable franchise fee. A portion of that fee, $27,500, was proposed to be placed in the Communications Technology Trust Fund. Franchise fees are governed under Section 622 of the Cable Communications Act of 1984. Section 622, states that municipalities are entitled to a maximum of 5% of gross revenues derived from the operation of the cable system for the provision of cable services such as Public, educational, and government access (PEG) TV channels. Subscribers pay the fee to Time Warner Cable, who then pay Moultonboro. The consensus of the BoS was to continue to fund the trust fund at the current ARC ( Annual Reserve Contribution) of $27,500 and revisit this with the negotiation of the new cable contract set to expire in 2017.
- The BoS will meet one more time in 2015 on Wednesday December 30th at 7pm. There will be formal votes on some of the items concluded in the budget session as well as any unfinished business we need to attend to before the year ends. One item may be to decide what to do about the soon to be vacant DPW Director position and whether to put the Road Agent question ( appointed or elected) to the voters at Town Meeting.