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The Board of Investment unanimously approved six Parks Department transfers totaling $729,659.58 for city programs, park improvements, and the FY26 budget obligation from the North Burial Ground Trust Fund. It also approved investment performance and trust account discussions, while portfolio rebalancing was continued.
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The board approved moving money from several trust funds into spending accounts for specific city uses. The largest transfer, $402,712, will help meet the annual budget obligation from the North Burial Ground Trust Fund to the city’s general fund for FY26. Other approved transfers will support summer concerts in parks, botanical center maintenance, interior restoration of Esek Hopkins House, neighborhood park and playground improvements, and Roger Williams Park projects. The board also reviewed investment performance and trust account cash balances, and it did not make a final decision on portfolio rebalancing at this meeting.
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