FINCOM 20250226 Minutes

Source page 1

Canton Finance Committee Minutes Voted on: 3/5/25 
801 Washington Street Vote: B-0-0 
Canton, MA 02021 
Finance Committee Meeting Minutes 
February 26, 2025 
Virtual Meeting 
Finance Committee Members Present: Dave Clough, Dan Cole, John Leonetti, Emilio Mauro, Maureen Menconi, 
Kristin Mirliani, Reuki Schutt and Cindy Thomas, 
Finance Committee Members absent: All Finance Committee members were present at the meeting. 
Guests Present: 
George Comeau, Chair, By -Law Modernization Study Committee (Article 18) 
Alan Hines, Trustee, Revere & Son Heritage Trust 
Ellen Jones, Recording Secretary 
Tracy Kenney, Town Clerk 
Lisa Lopez, Article 27, Canton Residents to Move the Vote 
Randy Scollins, Finance Director 
Jennifer Wexler, Article 27, Citizen Petition, Canton Residents to Move the Vote 
Call Meeting to Order: Mr. Mauro called the virtual meeting to order at 7:00 p.m. Mr. Mauro introduced the Finance 
Committee members and the guests that were present at the virtual meeting. 
New Business: 
Dlscussion —FY26 Budget Request - #544— Revere & Son Heritage Trust —Quasi Department of the Town 
Mr. Scollins displayed meeting documents on the Zoom screen that were provided by Mr. Hines. 
Alan Hines, Trustee of Revere and Son Heritage Trust Corporation (RSHTC), confirmed that the Finance Committee 
members received all of the documents he emailed: R&S FY26 Budget Requests for Town's Essential Services, his 
PowerPoint Presentation, the Audited Finance Statements for year ended June 30, 2024 and the IRS Form 990 Tax 
Return of Organization Exempt from Income Tax for July 1, 2023 through June 30, 2024. Mr. Hines stressed the point 
that all of the financials for the RSHTC do not go through the Town's financial accounting system. 
Mr. Hines stated that RSHTC is a Quasi Department in the Town with the authority to request town appropriations for 
their budget and capital needs similar to how other departments in the Town request funding for their budgets. The 
RSHTC is a non-profit 501(c)(3) Trust that raises funds from grants and charitable donations. Mr. Hines slated that the 
funds they raise are to build the Museum and to support the operations of the Museum and not to supplement Town 
appropriations. The RSHTC accounts are in the custody of the Town Finance Director, Randy Scollins 
RSHTC Insurance — Mr. Hines stated that RSHTC's insurance has been underfunded for the past 3 years. The cost 
of their insurance will increase once the $2.0 million of museum exhibits are added to the policy. Mr. Hines has 
requested a meeting with the Town Administrator to develop a way to have the RSHTC's insurances paid from the 
Town's Fixed Expense Insurance Budget #946 Town Insurance. 
Mr. Hines stated that most of the budget expenses being requested are basic appropriations for RSHTC to function as 
a Town department to manage the RSHTC properties and that it was always assumed the Museum would pay for itself. 
None of their FY26 requests relate to the Museum. 
RSHTC Audit — Mr. Hines stated that he was under the impression that the Town's Auditor would be performing the 
RSHTC yearly audit. He was shocked that the Town Audit did not include the RSHTC audit. The RSHTC Auditor, 
Michael Geier CPA, was impressed with the RSHTC's very complex Excel spreadsheets that were created by Randy 
Scollins and modified by Mr. Hines since. However, the Auditor stated to Mr. Hines that if the Trust does not have a 
closed accounting system next year they would not be willing to do their audit. Mr. Hines asked every member of the 
Finance Committee to write a letter to the Select Board and the Town Administrator requiring the RSHTC to have an 
annual audit. 
FINCOM 20250226 Final Minutes WRS DNC EM.docx Page 1 of 9 3/1/25