Minutes
Finance Committee · from the Town's website · 4 pages · 315 KB
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Winthrop Board or Committee Public Body Minutes Councilor Tassinari, Chair Councilor Dimes Councilor Reardon Name of Public Body: Finance Committee Date and Time of Meeting: Tuesday, March 31, 2026 4:30 PM Location of Meeting: Harvey Hearing Room Attendance: Committee Members Councilor Dimes, Councilor Tassinari Council Members – Councilor Swope Town of Winthrop – Sarah Johnson, Robert Powers, Tony Marino Citizens Advisory Committee on Finance – Karin Chavis AGENDA Town Council Appropriate Retained Earnings in Waterway/Harbormaster Enterprise Fund/Repair & Maint. Floats Town Council Vote to Modify General Funds Budgets for FY26 Motions attached to minutes. Call to order 4:31PM Councilor Tassinari. Attendance roll call: Councilor Dimes, Councilor Reardon, & Councilor Tassinari present. Vote to approve last meeting minutes from 2/12/2026, motion by Councilor Dimes, seconded by Councilor Tassinari. In favor 2, abstained 1, no 0. Motion for favorable recommendation to appropriate from Appropriate Retained Earnings in Waterway/Harbormaster Enterprise Fund/Repair & Maint. Floats. Discussion: Manager Marino confirmed quotes were received for the impending repairs and this transfer would cover the quoted work. Manager Marino also confirmed this was strictly limited to work on the marina floats for town slips, and did not include the ferry terminal, which is a bigger project that is still being scoped out for a future date. Favorable recommendation, motion by Councilor Reardon, seconded by Councilor Dimes, PASSED 3-0. Motion for favorable recommendation to Vote to Modify General Funds Budgets for FY26. Discussion regarding funding sources of funding, namely the Northeast Regional Voc. Operational and Debt Service line items. Robert Powers explained the availability of that funding was due to the Vocational School’s Excess/Deficiency certification from FY24 funding created an excess of funding to all contributing municipalities in the FY26 budget. This line item is now being used to fund certain needs in other operational and capital town line items as detailed in the attached motion. Reallocation of funding for FY26 is the first of a few that will occur before the end of this fiscal year. Discussion around parking stickers and delivery costs. Discussion on new pumper engine that will be delivered in FY26 and first payment funded by this reallocation of funds. Discussion on fire equipment that will be funded in the capital plan to replace existing fire resistant equipment with newly developed, better equipment. Favorable recommendation, motion by Councilor Dimes, seconded by Councilor Reardon, PASSED 3-0. Motion to adjourn, Councilor Dimes, Second by Councilor Reardon. In favor: 3-0 Meeting adjourned 5:01PM TOWN OF WINTHROP OFFICE OF THE TOWN MANAGER Town Hall, 1 Metcalf Square, Winthrop, MA 02152 Telephone: 617-846-1077 Fax: 617-846-5458 Anthony Marino Town Manager Town Council Motion March 19, 2026 Fiscal Year 2026 Motion Summary Title: Marina Float Repairs Motion ID: TCM26-007 Amount: $40,000 Funding Source: Waterways/Harbormaster Enterprise Fund Retained Earnings Motion Details Motion Type: Appropriate Submitted by: Anthony Marino, Town Manager Date Submitted: March 19, 2026 Text of Motion MOTION: I move that the Town Council appropriate from Retained Earnings in the Waterways/Harbormaster Enterprise Fund, the amount of $40,000, for extraordinary repairs and maintenance of the floats in the marina; or take any other action thereto. Funding Details Funding Source Funding Destination Account Description Amount Account Description Amount 752-359000 Retained Earnings $40,000 75229552-524107 REPAIR/MAIT OF INFRASTRUCTURE $40,000 Water Ways Retained Earnings Balance: $137,979 Amount Requested: $40,000 Water Ways Retained Earnings after motion approval: $97,979 TOWN OF WINTHROP OFFICE OF THE TOWN MANAGER Town Hall, 1 Metcalf Square, Winthrop, MA 02152 Telephone: 617-846-1077 Fax: 617- 846-5458 Anthony Marino Town Manager Town Council Motion March 19, 2026 Fiscal Year 2026 Motion Summary Title: FY26 General Fund Inter-Budgetary Transfers Motion ID: TCM26-008 Motion Details Motion Type: General Fund Inter-Budgetary Transfers Submitted by: Anthony Marino, Town Manager Date Submitted: 03/19/2026 Text of Motion MOTION: I move that the Town Council vote modify the following General Fund Budgets for Fiscal Year 2026 to better facilitate current budget needs; or take any other action relative thereto. Funding Details