FINCOM 01-30-2012

Source page 1

vukd oz/obz,
Town of Canton Finance Committee VDM
Meeting Minutes
Monday, January 30, 2012
Opening:
The regular meeting of the Canton FINCOM was called to order at 7:04 p.m. on Monday, January 30, 2012 in the
Salah Meeting Room of Town Hall by Alan Hines, Finance Committee Chairman.
Members Present:
Rob Barker, Dave Emhardt, Alan Hines, Pat Johnson, Mark Porter, Jim Sims and Eric Zinc, Mark Porter had to
excuse himself from the meeting at approximately 8:20 p.m. and was not present when votes had taken place.
Members Absent:
Diane Wolff.
Guests Present:
Chief Charlie Doody, Fire Department
Mike Trotta, Superintendent, Department of Public Works
Jim Murgia, Finance Director
Ellen Jones, FINCOM Secretary
A. Approval of Agenda
Chairman Alan Hines reviewed the agenda items.
Announcements
The next FINCOM meeting was scheduled for Thursday, February 2, however, Chairman Hines stated that because
a few members were unable to attend the meeting on February 2 and because the agenda was not full, the meeting
would most likely be cancelled and that FINCOM members should check their email for a possible notice about the
meeting being cancelled.
B. Approval of Minutes
A motion made by Rob Barker to approve the January 23, 2012 meeting minutes as written was seconded by
Pat Johnson. Vote: 6 -0 -0.
C. Old Business /Open Issues
Revenue Forecasting Committee Meetiniz Update — Mr. Murgia provided an update to the FINCOM regarding the
Revenue Forecasting Committee meeting recently held on January 26. FINCOM members in attendance at that
meeting were Chairman Hines, Vice Chairman Porter and Mr. Sims. Mr, Murgia stated the Revenue Forecasting
Committee voted to accept the Governor's proposed local aid distribution increase of approximately $600,000. The
Finance Director stated that he voted in opposition to accepting the $600,000 proposed by the Governor because he
cautioned the Revenue Committee that the House Ways and Means budget had not been released yet, some
constituents were likely to pressure their state legislators to challenge the foundation formula changes implemented
that had caused most communities to see no increase in their state aid.
Mr. Murgia further stated the Revenue Forecasting Committee voted for FY13 to set hotel tax-revenue at $100,000,
solar farm lease payment at $150,000 and increase building permits by $50,000 for a total receipts increase of
$300,000.
D. New Business
Chairman Hines reminded the FINCOM members that any discussions of the budgets was to give the FINCOM an
overview of how the budgets were running in FY12, what the budget needs were for FY13 and if the finances are
fulfilling the community needs. The BOS had not voted on the FY13 budget yet.
Canton FINCOM Minutes 01/30/2012 Page 1 of 5 02/05/2012
FFNCOM Minutes 01302012 A ez ej.DOC