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Finance Committee <br /> Minutes <br /> January 21, 2016 <br /> Update on FYI Budge <br /> #Meetings: <br /> The Finance Committee is currently awaiting the Town Manager's final budget recommendation <br /> for fiscal year 2017. This is a necessary component for the Finance Committee in their <br /> budgetary review and planning process. <br /> With regards to the Report of the Finance Committee for the Special&Annual Town Meetings <br /> of Monday,May 2, 2016,Mrs. Cook offered her assistance to ensure its analysis is in its proper <br /> form for the publication. It was disclosed the report is required to be formatted for printing and <br /> dissemination by April 2,2016. Mrs. Cook indicated she has the template that is used to <br /> structure the organizational fonnat of the report. Mrs. Cook stated she is willing to take the <br /> lead,to structure the report intended to be mailed to each registered voters' household in a timely <br /> and professional manner prior to the May Town Meeting. <br /> Of particular importance is the coordinated calculation of the tax rate and annual cost of <br /> principal and interest on debt. Finance Committee member David DeiPonte offered to Work on <br /> the specifics of the report with Mrs, Cook. It was agreed the report would be prepared in the <br /> customary standard of excellence for the Town of Mashpee. Last year, the format of the report <br /> was changed to bring forth a more user friendly document. For ease of review,the commentary <br /> of the Finance Committee recommendations are now inserted with each article as it appears on <br /> the warrant. <br /> Committee/Liaison Reports: <br /> In the budget process,the Chairman recommended the Finance Committee respectfully address <br /> their respective liaison assignments. <br /> Capital Improvement Program (C1P . <br /> Mrs. Cook reported the Capital Improvement Program(CIP) Committee is scheduled to.convene <br /> next week to review estimated disbursements required for fiscal year 2017 and ensuing years. <br /> The FYI CIP is comprised of Town Manager Rodney Collins,the Finance Director Dawn <br /> Thayer, Selectman representative Andrew Gottlieb,Finance Committee representative Terrie <br /> Cook and Chuck Gasior serving as the at-large representative. The Committee is comprised of <br /> several former members and it is anticipated the CIP would bring forth a constructive plan for <br /> FYI which includes the out-years of the capital budget program. <br /> 3 <br />