1991-10-17October 17, 1991
The Eightieth Annual meeting of the Commissioners of Trust Funds for the City of
Beverly was called to order at 8:30 A.M. at the Beverly National Bank. Present
at the meeting were Messrs. Smith, Dawson, Copelea and Mrs. Remare.
Mr. James C. Dawson was elected,Chairperson and Mrs. Alice H. Remare, as City
Treasurer, was elected Clerk for the Fiscal Year 1991-92.
A review of the accounting report and the fund balance report for Fiscal Year
1991 was made. A request for an asset report for June 30, 1991 will be made and
will be reviewed at our next meeting.
Hr. Smith requested that the City of Beverly audit report be made available for
review each year with regard to the City of Beverly Trust Funds.
Acknowledgement of letters from recipients of gifts from the Nancy A. Millerr Fund
for Fiscal Year 1989-90 was made by the Clerk. They included Beverly Female
Charitable Society, Beverly Regional YMCA, Beverly Hospital Century Fund and United
Way of Central North Shore.
Requests for funds were reviewed and it was voted to make the following contribu-
tions from the Nancy A. Hillerr Fund; Beverly School for the Deaf $1,500.00 to
purchase the laminatot press and video tape recorder, Beverly Female Charitable
Society $1,500.00, Visiting Nurse Association of North Shore, Inc, $1,500.00 to be
used for citizens of Beverly only, and United Way of Central North Shore $3,000.00
for Beverly organizations. The Beverly Regional YMCA received $7,500.00 from uhe
Millart Fund on June 30, 1991 and we received acknowledgement from them. The
remainder of the funds in the Killerr Fund will be retained and disbursment discussed
at our next meeting.
A discussion of whether the Commissioners should have organizations come in to meet
with us and state their need for funds was held. Also how to encourage smaller
organizations to request funds or to get the word around without printing anything
in the local paper was discussed. One suggestion was through our local churches,
It was noted that we have not received requests from Project Rap or the American
Red Cross as in the past. Peter Copelea suggested that we could donate money for
the purchase of specific items for a worthy organization such as office furniture
or equipment.
It was suggested that recipients of gifts from any of the funds have a plaque
visible to the public that states where the money came from. This may encoura[e
citizens to leave money to the City of Beverly in trust for use by worthy
organizations.
The meeting was adjourned at 10:00 A.M.
Respectfully submitted,
Alice M Remare, Clerk
Commissioners of Trust Funds for City of Beverly