Canton, Massachusetts · Saved source text
FinCom-20240820T104159
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Canton Finance Committee Minutes Voted on: 10/13/21 801 Washington Street Vote: 6-0-1 Canton, MA 02021 Meeting Minutes July 7, 2021 Finance Committee Members Present: Dan Cole, Thomas Emery, Emilio Mauro, Tim McKenna, Reuki Schutt, Cindy Thomas and We! Wong. Finance Committee Members Absent: David Clough. Guests Present: Ellen Jones, Finance Committee Recording Secretary Randy Scollins, Finance Director Opening: Chair McKenna called the Zoom virtual meeting to order at 7:00 p.m. Approval of Agenda: Mr. McKenna announced that the main purpose of the meeting was to discuss fiscal year end budget transfers and reorganization of the Finance Committee. New Business Chair McKenna welcomed new Finance Committee member Tom Emery. Reorganization of the Finance Committee — Election of Chair and Vice Chair A motion made by Mr. McKenna to nominate Ms. Thomas as the Vice Chair of the Finance Committee was seconded by Mr. Mauro. Roll Call Vote Mr. Cole Aye Mr. Wong Aye Mr. Emery Aye Mr. McKenna Aye Mr. Mauro Aye Ms. Thomas Aye The motion passed 6-0-0. Ms. Schutt was off-line at the time the vote was taken. A motion made by Ms. Thomas to nominate Mr. McKenna as the Chair of the Finance Committee was seconded by Mr. Mauro. Roll Call Vote: Ms. Thomas Aye Mr. Mauro Aye Mr. Cole Aye Mr. Wong Aye Mr. Emery Aye Mr. McKenna Aye The motion passed 6-0-0. Ms. Schutt was off-line at the time the vote was taken. Update on Committee Liaisons The liaison list was distributed to the members prior to the meeting and was also projected by Mr. Scollins on the Zoom meeting screen. Chair McKenna explained that it was up to the liaison and the department manager as to how frequent to meet regarding a department's budget. The liaisons help to maintain a line of communication with various departments so that the Finance Committee will have an understanding as to how the various town departments operate and their priorities regarding staffing, supplies etc. Mr. McKenna asked for the members to review the list and to place the list on the next agenda for further discussion. A few liaison positions were open due to the resignation of Tom Theodore and the term expiration of Rob Barker. The Finance Committee recording secretary was asked to recirculate the liaison list to the Committee members. FY21 — Budget Deficits — End of Year Budget Transfer Requests Mr. Scollins explained that there were three Reserve Fund Transfer Requests to end FY21, June 20, 2021 but that invoices were still being processed by the Finance Department through the following week. Last year the Reserve Fund was funded a budget of $700,000 which is controlled by the Finance Committee. A budget for the Reserve Fund is voted at Town Meeting for the purpose of transferring out to departments that have unforeseen or FINCOM 20210707 Minules.docx Page 1 of 5 10/3121