Finance Committee Meeting

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Finance Committee Meeting Notice
                      Town of Canton
                      Finance Committee                                   Date:               Thursday, July 28, 2016
                      Barbara Saint André, Chair                          Time:               7:00 PM – 9:00 PM
                      Rob Barker, Vice Chair                              Location:           William Armando Recreation
                      Sepp Bergschneider
                      Jerry Dorfman
                                                                                              Center, 92 Pleasant Street
                      Nichola Gallagher                                                       Canton, MA
                      Dianne Gustafson
                      Cynthia Holcombe
                      Stephanie Leach
                      Tim McKenna
                      Cindy Thomas
                                                                  Agenda
This meeting is being video recorded by Canton Community Television. Times are estimates. Items may be taken out of order.

7:00 PM          Meeting Called to Order (Minutes Primary/Alternate: Rob Barker / Sepp Bergschneider)

New Business

                 Elect Chairman, Vice Chairman and Secretary

                 Welcome new Finance Committee members: Cynthia Holcombe and Cindy Thomas

                 Recreation Revolving Fund - Increase Spending Limit for FY16 from $300,000 to $400,000
                 As per Ch. 44 Section 53E½ - Janet Maguire, Director, Parks & Recreation

                 Reserve Fund Transfer Request FY16 – Veterans’ Services - $16,000
                 Tony Andreotti, Veterans’ Agent

                 Reserve Fund Transfer Request FY16 – School Department - $65,000
                 Barry Nectow, School Business Administrator and Mike Loughran, Vice Chairman, School Committee

                 Reserve Fund Transfer Request FY16 – Snow & Ice Removal - $168,000
                 Mike Trotta, Superintendent, Public Works Department

                 Reserve Fund Transfer Request FY16 – Trash Collection - $40,000
                 Mike Trotta, Superintendent, Public Works Department

                 Reserve Fund Transfer Request FY16 – Town Insurance - $26,000

8:00 PM          Management Letter – FY15 & Single Audit Report Pursuant to OMB Circular A-133 June 30, 2015
                 Prepared by Roselli, Clark & Associates
                 Jim Murgia, Finance Director

                 OPEB (Other Post-Employment Benefits) One Year Update – Reporting in Accordance with GASB45 – FY16
                 Prepared by Aquarius Capital Solutions Group, LLC
                 Jim Murgia, Finance Director

Other Business

                 Review of Annual Town Meeting 2016

                 Liaison Assignments

Minutes to be approved: May 9, 2016

Next Meeting Date: To be determined

Public Announcements/Public Comment

Adjourn

       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.

       20160728 FINCOM Agenda.doc