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Finance Committee <br /> Minutes <br /> January 21, 2016 <br /> Committee/Liaison Reports: <br /> CIP: (continued) <br /> The Town of Mashpee is in excellent financial health maintaining an AAA rating,the highest <br /> possible bond rating for a municipality. With the debt of the Mashpee High School scheduled to <br /> expire in FYI 8,the town will have some funding leverage. <br /> Discussion followed with regards to the necessity of a DPW storage building, a capital item <br /> contained in the CIP program for a number of years. The DPW garage is listed under the <br /> Planning&Construction category in this year's outlay of the capital program. <br /> Mrs. Cook complimented the former Town Manager on developing a good capital improvement <br /> program framework for the Town of Mashpee. <br /> Library: <br /> The Mashpee Public Library has submitted an FY 17 budget a percentage lower than FY 16. <br /> Kathleen Mahoney,the Librarian has been working diligently to reduce budget presumptions <br /> within the budget projection. Mr. Richardson indicated the budget review sessions have taken a <br /> positive approach. In fiscal year 2017,the Library is seeking to fund an additional full-time staff <br /> member. It was felt that occasionally part-timers can get frustrated at the lack of full-time <br /> employment and may end up looking elsewhere if that opportunity is not made available at the <br /> Library, which if occurring leaves gaps in staff that are hard to fill, and that in general running <br /> any operation with a large number of part-tune employees can have its challenges. Ms. <br /> Mahoney is attempting to rectify this concern while remaining within budget perimeters. <br /> 5 <br />