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TOWN OF LEXINGTON <br />TRUSTEES OF PUBLIC TRUSTS <br />Minutes of Meeting of November 4, 2015 <br />The meeting was held at 7:30 pm at the home of Alan Fields at 42 Adams Street, Lexington, MA. <br />Present were Alan Fields, David Williams and Susan McClements. <br />Minutes from the May 6, 2015 meeting were unanimously approved. <br />Alan Fields reported that the investment portfolio remains diversified across various assets <br />consistent with established benchmarks. The portfolio reviewed on 1, 3, 5, and 10 years bases <br />consistently exceeded all benchmarks. Going forward a portfolio with a balanced approach <br />continues to make good sense. <br />David Williams reported that he submitted the annual report to the town by the September 30th <br />deadline. David has a template for the report on his computer. <br />David Williams reported that the Town's Celebrations Committee will not need funds from the <br />American Legion Fund and the Leroy Brown Fund this year for the Patriot's Day Parade. The <br />committee will use last year's funds which went unspent because the parade was cancelled due to <br />weather. <br />David reported that The Friends of the Council On Aging requested $40,000 from its fund to be <br />used for furnishings at the new Community Center. <br />The PTA Council Scholarship Committee has changed its name to the Lexington Scholarship <br />Fund in order to more accurately represent its mission and role. <br />David reported on the possible request to help find a base for the Filiposki sculpture originally <br />purchased with funds from the Arts Council and the Trustees of Public Trusts. <br />Lincoln Park plans for a granite sculpture garden are underway. The Lincoln Park Committee, <br />of which David is a member, is working to raise funds to pay for the project. The Committee <br />may come to the Trustees of Pubic Trust with a request for support in the future. <br />There was a brief discussion of policy and procedures of Trustees and liaison with the Town. <br />Patrick Morin will join Adrian Jackson on the investment advisory committee. <br />Respectfully submitted, <br />Susan K. McClements <br />Trustee of Public Trusts <br />