Finance Committee Meeting - Virtual Meeting

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Town of Canton                                                        Finance Committee Meeting Notice
                          Finance Committee
                          Tim McKenna, Chair                                    Meeting Date:                    Friday, June 19, 2020
                          Cindy Thomas, Vice Chair                              Meeting Time:                    4:00 PM
                          Christos Arsoniadis                                   Meeting Location:                Virtual Meeting
                          Rob Barker
                          Dave Clough
                          Dan Cole
                          Emilio Mauro
                          Barbara Saint André
                          Wai Wong

                           Finance Committee Agenda – Virtual Meeting (see details below)
This meeting is being recorded by the Town of Canton. Items may be taken out of order.
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Reconsider – ATM Article 54 Motion 2 - FY21 requests for Fixed Costs Budgets
Reserve Fund Budget (#11322-59600) – Reduce FY21 request from $700,000 to $600,000.
Snow & Ice Budget (#14232) – Reduce FY21 request from $700,500 to $650,500.
Dental Insurance (#19141-51733) – Reduce FY21 request from $480,218 to $380,218.
OPEB Contribution (#19932-59615) – Reduce FY21 contribution from $1,050,000 to $950,000

Free Cash Reserves – Increase of Free Cash Reserves by $100,000

Reconsider – ATM Article 12 Motion 3 – Cash Capital – Municipal Requests
Reduce FY21 requests by $100,000 from $650,000 to $550,000 as follows:
Reduce Fire Dept. cash capital requests by $60,000 from $142,000 to $82,000.
Reduce Police Dept. cash capital requests by $40,000 from $148,000 to $108,000.

Reconsider – ATM Article 12 Motion 4 - Cash Capital – School Requests
Reduce FY21 requests by $100,000 from $600,000 to $500,000.

Reconsider – ATM Article 54 Motion 1 – Vote to Transfer Available Funds

Reconsider – ATM Article 54 Motion 2 - Operating Budgets – Municipal Departments
Reduce FY21 request by $116,667 from $22,812,135 to $22,695,468.
(7 Departments identified.)

Reconsider – ATM Article 54 Motion 2 - Operating Budget – School Department
Reduce FY 21 request by $233,333 from $46,419,604 to $46,186,271.

Reconsider and Vote – STM Article 8 - Emergency Rental Assistance Program

Other Budget, ATM or STM business.

Minutes to be approved:                   March 23, March 25, April 2, May 13 and June 4, 2020.

Announcements:                 Two vacancies on the Finance Committee. Contact the Moderator if interested.

Next Finance Committee Meeting Date: To be determined.

If a topic becomes known prior to 48 hours before the scheduled meeting, the Committee will update this posting. The Committee may also discuss a topic or
topics not reasonably anticipated by the Chair 48 hours before the meeting.

FINCOM 20200619 Agenda.doc