Committee Report - Finance - 6-13-18 — File 206216

Finance Committee Page 1 of 2 Printed 6/26/2018 June 13, 2018 REPORT OF THE FINANCE COMMITTEE Attendee Name Title Status Arrived William A. White Jr. Chair Present Mary Jo Rossetti Vice Chair Present Ben Ewen-Campen Ward Three Alderman Present Matthew McLaughlin Ward One Alderman Present Katjana Ballantyne Ward Seven Alderman Present Jefferson Thomas ("J.T.") Scott Ward Two Alderman Present Jesse Clingan Ward Four Alderman Present Mark Niedergang Ward Five Alderman Present Lance L. Davis Ward Six Alderman Present Stephanie Hirsch Alderman At Large Present Wilfred N. Mbah Alderman at Large Present Others present: Kate Hartke - Grants, Michael Bertino - Treasury, Ed Bean - Finance, Angela Allen - Purchasing, Frank Golden - Assessing, Michael Mastrobuoni - Budget Manager, Peter Forcellese - Legislative Clerk. The meeting took place in the Aldermen’s Chamber and was called to order at 6:17 PM by Chairman White and adjourned at 7:51 PM. FY-19 Departmental Budget Review and any associated departmental financial matters. Grants Development Ms. Hartke reported that the Grants Department was responsible for securing $5.5 million in grants for the city. Treasury Mr. Bertino reviewed the department’s proposed budget. The position of Tax Title Attorney has been eliminated. A new position, part-time Customer Service Representative has been added. Alderman Rossetti asked about line #484001, Prior Year Reimbursements. Mr. Bean will provide the requested data.

Finance Committee Page 2 of 2 Printed 6/26/2018 Auditing Mr. Bean reviewed the department’s proposed budget. Alderman Rossetti stated that she is interested in forming an audit committee. Purchasing Ms. Allen reviewed the department’s proposed budget and spoke about receiving sealed bids online, saying that it is a more accurate and timely process. This method is being used by MA DCAM and some other states with great results. Assessing Mr. Golden reviewed the department’s proposed budget. He noted that it’s important to reach out to people, especiaally seniors, to make them aware of the programs and assistance that are available to them. He reported that new growth has exceeded prior projections. The Assessing Department is revisiting the values of all commercial properties. Mr. Golden will provide residential tax exemption data for this and any available prior years. Handouts: • 6-13-18 Awarded Grants FY18 • 6-13-18 Stab Fund Balances FY18-FY27 • 6-13-18 FY19 Tax Rate Projections • 6-13-18 Prof & Tech Services Breakdown