Canton, Massachusetts · Saved source text
FINCOM 20210224 Minutes
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Canton Finance Committee Minutes Voted on: 3/3/21 801 Washington Street Vote: 7-0-1 Canton, MA 02021 Meeting Minutes February 24, 2021 Finance Committee Members Present: David Clough, Dan Cole, Emilio Mauro, Tim McKenna, Reuki Schutt, Cindy Thomas and Wai Wong. Finance Committee Members Absent: Rob Barker and Tom Theodore. Guests Present: Charlie Aspinwall, Town Administrator Jen Fischer -Mueller, Superintendent, Canton Public Schools John Connolly, Chair, Select Board James Goodrich, Board of Health Cynthia Holcombe, Chair, Diversity, Equity & Inclusion Committee Ellen Jones, Finance Committee Secretary Kristin Mirliani, Chair, School Committee Barry Nectow, School Business Administrator Barbara Reardon, Director of Public Health Randy Scollins, Finance Director Mike Trotta, Superintendent, Department of Public Works Opening: Chair McKenna called the virtual meeting via Zoom to order at 7:00 p.m. Approval of Agenda: Chair McKenna reviewed the agenda. New Business Mr. Scollins stated that at the last Finance Committee meeting the Committee reviewed the Revenue Forecasting Committee's recommendations with regard to revenues but did not take an official vote. Vote Revenue Forecast for FY22 — Randy Scollins, Finance Director A motion made by Mr. Mauro that the Finance Committee accept the Revenue Forecasting Committee's recommendation of $106,687,064 for a total revenues estimate for FY22 was seconded by Ms. Schutt. The revenue is primarily comprised of property tax revenue, state aid, local receipts and transfers from other funds. The recommended revenue estimate for FY22 is a 4.3% increase over the current year's budget. Roll Call Vote: Mr. Wong Aye Mr. Clough Aye Ms. Schutt Aye Ms. Thomas Aye Mr. Mauro Aye Mr. McKenna Aye Mr. Cole Aye The motion passed 7-0-0. Vote School and Municipal Operating Budget Targets FY22 — Randy Scollins, Finance Mr. Scollins reported that some late breaking news had recently been received from Blues Hills Regional High School (BHRHS) who submitted a revised budget that was favorable from the budget previously submitted by $27,000. The new FY22 budget request for BHRHS will now be $1,472,906. Because of this change the new total for the Fixed Costs and State and County Assessments is now $32,141,935. Mr. Scollins reviewed for the meeting attendees the process used to establish operating budget targets by referring to a one-page document entitled "Process Used to Establish Operating Budget Targets" (see meeting documents). In summary the process is started with the FY22 General Revenue Estimate of $106,687,064. Various numbers are backed out of that number to get to new funding excluding changes in funding of state aid. FINCOM 20210224 Minutes.docx Page 1 of 6 2/27/21