Town of New Castle Trustees of Trust Funds Meeting Minutes September 2025
Cambridge Trust Updates Management of Town Investment Funds
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Description
The Trustees of Trust Funds received an investment and account management update from Cambridge Trust Company, which manages the Town of New Castle’s various trust and capital reserve funds. CTC will draft updated Investment Policy Statements and reclassify the Ocean Street Property Fund as a Capital Reserve Account to reduce management fees.
Contract Details
Vendor
CAMBRIDGE TRUST COMPANY
Agency
New Castle School District, NH
Contract Type
FINANCIAL_SERVICES
Document Date
September 23, 2025
Renewal Info
CTC continues in its role as investment manager and custodian; Investment Policy Statements must be updated and approved annually, and CTC offered to prepare drafts for December 2025 review.
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