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9 <br /> Finance Committee <br /> Minutes <br /> September 3, 2020 <br /> Review draft explanations for actioned articles: (continued) <br /> Article#2 (CPA Funds)—John - *To be re-worded <br /> FinCom Explanation: This article appropriates and transfers $1,573,927 of FY2021 Reserves <br /> pursuant to provisions of the Community Preservation Act. The funds are derived from the 3% <br /> surcharge on real estate property taxes plus variable matching funds from the State. Thirty <br /> percent (30%) of this amount is allocated equally for OpenSpace/Recreation, Historic <br /> Preservation, and Affordable Housing purposes. The balance is a reserve for recommendations <br /> by the Community Preservation Committee (CPC). The recommended use of these funds is <br /> ultimately approved by or acted upon by Town Meeting voters. This will have no impact on the <br /> tax rate. <br /> Article #3 (Dredging 1916 Channel) -Darlene <br /> FinCom Explanation: This article appropriates and transfers funds to pay for services no <br /> longer included in the Standard Barnstable County Dredge Contract would be provided to <br /> preform Channel Dredging Surveys for the 1916 Channel and Popponesset Inner Channel. This <br /> will have no impact on the tax rate. <br /> Article#4 (Transfer Cemetery Receipts) - Greg <br /> FinCom Explanation: This article authorizes the appropriation and transfer of funds collected <br /> from the sale of cemetery plots at the Great Neck Road cemetery into the budgeted account so <br /> those monies can be spent for allocated budget items in conjunction with the cemetery. This will <br /> have no impact on the tax rate. <br /> Article#5 (Unpaid prior year invoice) - Jeff <br /> FinCom Explanation: This article authorizes the appropriation and transfer of funds from <br /> revenue available for appropriation to reimburse a Department of Public Works employee for <br /> professional development costs incurred. The invoice was not received in time to process for <br /> payment during that fiscal year. This will have no impact on the tax rate. <br /> Article#6 (Labor Union Contract—Unit A) - Mike <br /> FinCom Explanation: This article appropriates and transfers funds from revenue available for <br /> appropriation the negotiated adjustments to Administrators Unit A-Administrators, for Fiscal <br /> Year 2021, which is the first year of a three-year contract. This will have no impact on the tax <br /> rate. <br /> Article 47 (Labor Union Contract—Unit B) - Mike <br /> FinCom Explanation: This article appropriates and transfers funds from revenue available for <br /> appropriation the negotiated adjustments to Administrators Unit B-Administrators, for Fiscal <br /> Year 2021, which is the first year of a three-year contract. This will have no impact on the tax <br /> rate. <br />