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HomeMy WebLinkAboutFinance Comm. 10/18/2018Finance Committee Meeting Minutes October 18, 2018 To tt/N, (RECEt6�ED � Present: Mr. Walter Wilk, Chairman; Mr. Scott Feely, Vice -Chairman; Mr. Brian Eagle, Clerk; �WWIAWICE Aguiar; Mr. Michael DeSantis; Mr, Yogen Chemburkar; Mr. Michael O'Brien 1819 QC1 23 P S. 0l Also Present: None Not Present: None 1. Call the Finance Committee meeting to order and review the agenda Chairman Wilk called the meeting to order at 7:01 pm. �s n ss,�cl,i;S i rs 2. Preparation of tax discussion at October 20 meeting of Board of Selectmen The Committee also discussed the Town's split tax rate and how that rate is determined. The Committee further examined information provided by the Finance Director that provided different scenarios of tax revenue. Chairman Wilk stated that he would like to have a larger discussion with the tax assessor's office and other involved parties to determine how tax rates are assessed in Mansfield. He would also like to have the Tri- Town Chamber of Commerce's input on how the split tax rate might affect businesses in Mansfield (and bringing new businesses to town) and the Industrial Development Committee (IDC). 3. Preparation of Joint Budget discussion at October 2411 meeting with Board of Selectmen and School Committee Chairman Wilk points out the budget updates from Finance Director that the Committee received and discusses the possible budgets. The Committee discusses the progress that the Finance Committee has made in meeting the goals they suggested for the Town. The Committee also discussed their presentation for the Fall Town Meeting. Ms. Aguiar asks what the role of the Finance Committee is in regards to issues such as this and Mr. Feely states that according to the Town Charter, the Finance Committee is supposed to opine about financial issues to the residents. 4. Review of warrant articles with financial implications for Fall Town Meeting Review of Warrant Articles are tabled until next meeting. 5. Committee reports Chairman Wilk asked if the Finance Committee had voted to appoint Ms. Aguiar to the School Committee and Mr. Eagle stated they had not. Motion: To appoint Ms. Kathleen Aguiar to the School Committee as representative of the Finance Committee (Feely/Eagle) Passes 6:0 6. Items not known within 48 hours None. Finance Committee Meeting Minutes October 18, 2018 Page 1 7. Audience Q&A None. 8. Committee member comments None. 9. Adjourn None. 10. Committee member comments Chairman Wilk stated that in conjunction with the Route 106 corridor study there is going to be a traffic study around the train station for the TOD (transportation -oriented district). They are also going to be a parking study to include the downtown area. Mr. Feely said he just received the CIP information from the Town Manager so he will have information to discuss with the Finance Committee prior to voting on the Warrant Articles. Mr. DeSantis stated that the Audit Committee voted to approve the Mansfield Electric audit. He also requested that the CIP review the new town software company's financials to ensure they will be around to maintain the software. 11. Adjourn Motion: To adjourn the Finance Committee Meeting of October 18, 2018 at 8:23 pm (DeSantis/Feely) Passes 5:0 34205 Date 3.Z1 l� Date Minutes Prepared by Mary Dalton Finance Committee Meeting Minutes October 18, 2018 Page 2