Real Estate Trust Fund
First Established: 1984. See the 1983 state law establishing this trust fund.
The law was amended in 2003.
See the history of the Hampton Beach Improvement Company (HBIC) and the 99-year leases of Hampton Beach land.
See also Municipal Finance Act, RSA 33:8.
Purpose: To provide income to the Town of Hampton to reduce the annual tax rate.
Source of Funds: Sale of leased lots at Hampton Beach, starting in 1984.
2011 Year-end Balance: Principal $15,966,768.
Investment Policy: Invest approximately 60% of the trust fund in cash and fixed income securities, and approximately 40% of the trust fund in equities.
Current Investments: Globally diversified portfolio of mutual funds and exchange-traded funds.
Income Distributions: Income is distributed to the Town monthly. Income comprises interest and dividends.
2011 Income to Town: $598,486.
Principal Distributions: None, per the enabling legislation in 1983. Short-term and long-term capital gains are added to principal to grow the Fund to offset inflation.
Custodian: National Advisors Trust Company.
Vouchers: Click here to
obtain voucher to disburse monthly income.
Click here to
obtain voucher to disburse monthly fee.
| Quarter Ending | Market Value | Net Income1 |
| 3/31/2012 | $16,392,145 | $135,414 |
| 12/31/2011 | $15,561,852 | $182,351 |
| 9/30/2011 | $14,879,756 | $140,087 |
| 6/30/2011 | $16,170,840 | $144,809 |
| 3/31/2011 | $16,055,436 | $131,240 |
| 12/31/2010 | $15,790,536 | $226,238 |
| 9/30/2010 | $15,718,257 | $117,464 |
| 6/30/2010 | $14,864,066 | $134,020 |
| 3/31/2010 | $15,267,345 | $169,6902 |
| 12/31/2009 | $15,173,690 | $76,105 |
| 09/30/2009 | $14,772,017 | $140,000 |
| 06/30/2009 | $13,981,374 | $125,000 |
| 03/31/2009 | $13,172,202 | $125,000 |
| 12/31/2008 | $14,161,615 | $120,818 |
| 09/30/2008 | $14,964,517 | $180,000 |
| 06/30/2008 | $15,264,583 | $225,000 |
| 03/31/2008 | $15,864,447 | $150,000 |
Further details may be obtained by
contacting any of the trustees
or
the
Assistant Bookkeeper.
| Footnotes: | |
|
1. |
Income distributions to the Town after management fees. |
|
2. |
One-time conversion from accrual to cash basis accounting. |