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MASHPEE FINANCE REVIEW COMMITTEE <br /> MINUTES <br /> TUESDAY, OCTOBER 26, 2004 <br /> Present: John Halachis,Planning Board <br /> Don Myers, Selectman <br /> Ken Patrick, Finance Committee <br /> Gerald Umina, Chairman, Finance Committee <br /> NEW BUSINESS <br /> ORGANIZATION AND FINANCIAL REPORT <br /> • Committee required by Town Charter to prepare concise financial report on FY2005 and <br /> 2006 for voters prior to May Town Meeting. <br /> ■ As required, meeting convened by Chairman of Finance Committee, Mr. Gerald Umina, to <br /> include the following: <br /> o 2 members of the Finance Committee <br /> o 2 members of the Charter Commission <br /> 0 1 member of the Planning Board <br /> 0 1 Selectman. <br /> • Mr. Umina outlined goals for meeting to include determining material to be contained in <br /> report; organization of committee; and future meeting schedule. <br /> Format <br /> ■ Committee discussed possible formats for report. Members agreed to review similar town <br /> reports for comparison; Mr. Patrick to obtain comparative data from other towns <br /> ■ Mr. Patrick suggested working with audit firm to review items to be included. <br /> ■ Committee felt input from Charter Commission would be helpful to see what they <br /> envisioned for report <br /> ■ Mr. Myers and Mr. Patrick highlighted the need to represent the impact of grant funding in <br /> report. <br /> ■ Mr. Patrick stated historical and future spending and the impact of warrant on budget and <br /> tax rate should also be included. <br /> ■ Mr. Myers indicated that capital improvement plan should also be detailed in report. <br /> Organization <br /> ■ Mr. Patrick suggested Mr. Umina be appointed liaison to Sullivan&Rogers, town auditor; <br /> Mr. Umina accepted. <br /> ■ Mr. Halachis made a motion to elect Ken Patrick as committee Chair; seconded by Mr. <br /> Myers. Motion passed unanimously. <br /> Meetings <br /> ■ Committee agreed quick turnaround time is necessary to be prepared for February warrant <br /> deadline. <br /> FUTURE MEETING OF FINANCE REVIEW COND41TTEE <br /> The newt scheduled Finance Review Committee meeting will be held on November 16, 2004 at 7:00 <br /> pm. <br /> jpectftilly submittedine R. Esdale <br /> Board Secretary <br />