8.19.2026 Trustees of Trust Funds

The City of Portsmouth, New Hampshire Trustees of Trust Funds held a meeting on August 19, 2026, focusing on several procurement and financial management topics. Key procurement-related actions included the approval and execution of the final agreement for the Full House Building Trades and Vocational Scholarship Fund, which had been previously approved by the school board. The trustees also approved the disbursement of the remaining $8,638.87 from the Cable TV and Public Access Channel Fund to the public television station, anticipating the fund's closure due to declining revenues. Additionally, the trustees reviewed and approved standardized resolution templates to streamline future disbursement approvals related to public art projects, ensuring proper council authorization and compliance with funding requirements. A significant portion of the meeting was dedicated to discussing the amendment of the financial advisory agreement with TD Bank, including a fee reduction and ensuring alignment with the city's investment policy and statutory regulations. The trustees voted to approve the proposed amendment documents to maintain the existing relationship terms while implementing the new fee schedule. The meeting also included a detailed investment portfolio review presented by TD Bank representatives, covering asset allocation, performance, and market outlook, with no recommended changes to the investment policy at this time. The trustees scheduled future meetings and addressed administrative matters such as bank signatories and scholarship check signings.