Trustees approve $173,516 in capital reserve fund withdrawals
Trustees unanimously approve $173,516 in capital reserve withdrawals. The board, led by Chair Ron Adinolfo, approved transfers from capital reserves to reimburse the town for firefighter gear ($22,994.62), Town Hall work ($31,936.04), and 2025 paving projects ($118,586.17). Trustees Cheryl McDonald
Trust Funds Trustees · Meeting of April 22, 2026
NH ALLENSTOWN — Trustees unanimously approve $173,516 in capital reserve withdrawals. The board, led by Chair Ron Adinolfo, approved transfers from capital reserves to reimburse the town for firefighter gear ($22,994.62), Town Hall work ($31,936.04), and 2025 paving projects ($118,586.17). Trustees Cheryl McDonald and Brenda Brown also created a new $295,000 Sewer Department Emergency and Special Projects fund and approved $318,161.69 in deposits to sewer-related accounts.
The transition of Trust Funds management from TD Private Client Group to Three Bearings Fiduciary Advisors will proceed once MS-9 reporting issues with the state are resolved.
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Source: the Trust Funds Trustees meeting of April 22, 2026, compiled from the official minutes.
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