FINCOM 20190327 Minutes

Source page 1

Meeting of the Canton Finance Committee Minutes Voted on: 5/13/19 
Meeting Minutes Vote: 8-0-0 
Wednesday, March 27, 2019 
Finance Committee Members Present: 
Christos Arsondiadis, Rob Barker, Dan Cole, Cynthia Holcombe, Emilio Mauro, Tim McKenna, Barbara Saint Andre, 
Cindy Thomas and Wai Wong. 
Finance Committee Members Absent: All members were present for the meeting. 
Guests Present: 
Aidan Maguire, School Committee, Blue Hills Regional Technical School 
Steven Moore, Assistant Superintendent for Business & Personnel, Blue Hills Regional Technical School 
James Quaglia, Superintendent -Director, Blue Hills Regional Technical School 
James Murgia, Finance Director 
Ellen Jones, Finance Committee Secretary 
Opening: A meeting of the Canton Finance Committee was called to order by Chairman Barker at 7:04 pm. on 
Wednesday, March 27, 2019, in the Salah Meeting Room of Town Hall. 
A. Approval of Agenda 
Chairman Barker welcomed Bob Panico, Vice Chair of the Planning Board, and Laura Smead, Town Planner. 
Chairman Barker reviewed the items on the agenda. 
B. Announcements 
There were no announcements. 
New Business 
Discussion with James Quaglia, Steven Moore and Aidan Maguire of Blue Hills Regional Technical School 
regarding the FY20 Budget, FY20 Assessment and Building Project (see meeting documents) 
Mr. Quaglia started the conversation regarding the Blue Hills Regional Technical School FY20 operating budget by 
offering the following comments: 
• The Administration focused on building a budget that is responsible, realistic and responsible to the 
student needs. 
• Bargaining agreements were negotiated with a 1% salary increase per year for three years. FY20 is the 
final year of the three years. 
• Budget growth for FY20 was limited to 2.1%. No positions were added or cut. 
Mr. Moore continued the discussion of the Blue Hills budget as follows: 
Excess & Deficiency (E&D), also known as free cash, is annually capped at year end at 5% of its operating 
budget for the following year. Funds in excess of the 5% must be used to offset the municipal 
assessments for the following year. 
$500,000 of E&D was used to reduce the impact of the FY20 operating budget on the Town assessments. 
This resulted in a $100,449 reduction in the overall assessment. 
The school district applied $500,000 of its capital budget to reduce capital debt assessments from 
$2,096,068 to $1,596,068. The $1,596,068 represents the total renovation assessment for FY20. 
FINCOM 20190327 Minutes Page 1 of 7 3/31/19