FINCOM 20200311 Minutes

Source page 1

Canton Finance Committee Minutes Voted on: 5/13/20 
Meeting Minutes Vote: 7-0-0 
March 11, 2020 
Finance Committee Members Present: Christos Arsondiadis, David Clough, Dan Cole, Emilio Mauro, Tim McKenna, 
Barbara Saint Andre, Cindy Thomas and Wai Wong. 
Finance Committee Members Absent: Rob Barker. 
Guests Present: 
Charlie Aspinwall, Town Administrator 
Chris Connelly, Chair, Board of Selectmen (BCS) 
Ellen Jones, Finance Committee Secretary 
Randy Scollins, Finance Director 
Opening: Chair McKenna called the meeting to order at 7:00 p.m. in the Salah Meeting Room of Town Hall. 
Approval of Agenda - Chair McKenna reviewed the agenda. 
New Business 
Corona Virus - Mr. McKenna stated the Town has formed a Corona Virus Task Force Committee comprised of 
various Town officials and employees. The Task Force Committee will be posting information on the Town's 
website about the virus. 
Discussion with Chris Connelly, Chair for the Board of Selectmen and Charlie Aspinwall, Town Administrator 
regarding Various Town Meeting Articles (see meeting documents) 
The following are highlights of the Finance Committee's discussion with Mr. Connelly and Mr. Aspinwall. 
Article 10 — Transfer Unexpended Prior Year Appropriations — The BOS supports a $29,890 transfer from the 
Street Betterments Reserved Receipt Account to FY21 street betterments debt service. 
Article 11— Authorize Certain Revolving Funds —The BOS supports Article 11 authorizing 14 revolving funds. 
Article 20 — Community Recognition Supplemental Funding — The BOS supports a $5,000 transfer from Free Cash 
to increase the appropriation for the Community Recognition Supplemental Fund voted in 2017. The fund has 
been depleted and this article will replenish the fund. 
Ch. 90 Funds — For this year's Annual Town Meeting the BOS is not recommending a transfer from Free Cash to 
supplement Ch. 90 funds as has been done in the past. While the BOS feels there is a need for supplementing Ch. 
90 funds they support keeping the reserves at 15% making it difficult to prioritize the use of Free Cash. A Finance 
Committee member stated that it may not be necessary to keep cash reserves at 15% of budget for maintaining a 
AAA bond rating. They also stated that there could be a supplemental bond bill through the State for Ch. 90 funds 
being made available for municipalities, 
Article 21— Appropriation to Increase the Solar Facility Stabilization Fund —The BOS is in support of a $100,000 
appropriation from the Solar Facility Receipts Fund to the Town Solar Facility Stabilization Fund. The current 
balance in the fund is $200,000. The Town will be looking at trend lines over the next five years. 
Article 24— Home Rule Petition Relative to Retired Police Officers —The BOS is in support of this Home Rule 
Petition which if passed would allow the Town the option of hiring retired police officers from other towns. 
FINCOM 201200311 Minutes Pagel of 8 5/9/2020