Canton, Massachusetts · Saved source text
FINCOM 20180402 Minutes
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Canton Finance Committee Meeting Minutes Monday, April 2, 2018 Minutes Voted on: 5/14/18 Vote: 4-0-1 Members Present: Rob Barker, Nichola Gallagher, Cynthia Holcombe, Tim McKenna, Barbara Saint Andre and Cindy Thomas. Members Absent: All members were present. Guests Present: Jennifer Fischer -Mueller, Superintendent, Canton Public Schools Jim Murgia, Finance Director Ellen Jones, Finance Committee Secretary Opening: A meeting of the Canton Finance Committee was called to order by Chairman Barker at 7:03 p.m. on Monday, April 2, 2018 in the Salah Meeting Room of Town Hall. A. Approval of Agenda Chairman Barker reviewed the items on the agenda which included reviewing a revised motion for Article 19 Motion 10, voting on transfers from the general fund and voting on Article 64 - the operating budget, Announcements Chairman Barker announced that there would be four vacancies on the Finance Committee and that interested residents should contact the Town Moderator. C. New Business Chairman Barker thanked Canton Community Cable for their coverage of the Finance Committee meetings. Chairman Barker decided to proceed with the meeting out of order from the agenda and start with Article 64, the budget article, since Dr. Fischer -Mueller was in attendance. Vote — Article 64 Motion 1— Vote to Transfer Available Funds Mr. Murgia explained the purpose of Article 64 Motion 1. He referred the Committee to an exhibit in the beginning of the Recommendations entitled Summary of Revenue and Expenditures. Specifically, he called their attention to the "transfers from other funds" line item in the general fund revenue section of the exhibit. Transfers from other funds for FY19 is $2,626,374. He stated that there is money in other funds that is needed in the general fund in order to make the budget balance out. Mr. Murgia referred the Committee to Article 64 Motion 1 for the detail behind the $2,626,374 transfers. He read the list of transfers. FINCOM 20180402 Minutes Page 1 of 7 04/08/18