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The Board of Commissioners of Trust Funds manages and distributes the income of trust funds under their jurisdiction in accordance with the terms of the respective trusts. They have administration of all trust funds of the Town except those trust funds under the administration of a trustee or trustees appointed, pursuant to the terms of a trust instrument or will or pursuant to the provisions of any special law or Town by-law. The Board of Commissioners of Trust Funds does not have jurisdiction over Cemetery Trust Funds and/or Library Trust Funds. Monies of trusts under the jurisdiction of the commissioners are expended as directed by the commissioners. The board keeps records of its doings, and reports to the Town, showing the total amount of the funds, and their receipts and disbursements, and provides detail of the sources of the receipts and the purposes of any expenditure.