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2 <br /> Finance Committee <br /> Minutes <br /> November 17, 2016 <br /> Present: Claris Avis,David DelPonte,Mike Richardson,Jeffrey Pettengill, Sylvester Ryan <br /> Town Manager Rodney C. Collins <br /> Assistant Town Manager Wayne E. Taylor <br /> Absent: Oskar Klenert <br /> Meeting Called to Order by Chairman Avis at 6:30 p.m. <br /> Mashpee Town Hall,Waquoit Bay Meeting Roam <br /> PUBLIC COMMENT <br /> None at this time <br /> APPROVAL OF MINUTES <br /> October 17.2016: <br /> Motion made by Mr.Richardson to approve the minutes of Thursday,October 17,2016 <br /> as presented. <br /> Motion seconded by Mr. Pettengill. <br /> VOTE: Unanimous. 5-0. <br /> Roll Call Vote: <br /> Mr.Avis,yes Mr.DelPonte,yes Mr. Richardson,yes <br /> Mr.Pettengill,yes Mr.Ryan,yes Opposed,none <br /> A PO NTMENTS &HEARINGS <br /> Ton Manager--5,10, 20 Year Pra' cted Budget Presentation: <br /> Rodney C. Collins, Town Manager was in attendance with Wayne E. Taylor, Assistant Town <br /> Manager to review the long term fiscal analysis and pian for the Town of Mashpee. The <br /> financial analysis is reflective of a 10-year financial forecast from fiscal year 2018 to fiscal year <br /> 2027. At this time,there is no twenty-year budget projection as ensuing years are difficult to <br /> determine and become less accurate. The figures contained in the budget assumptions over the <br /> ten-year span are generally accurate and will be updated on a yearly basis with actual revenue <br /> figures. <br /> As the Town moves forward this is an important document to guide the budget process. Based <br /> on the projections, and to maintain the current level of services,there are budget challenges to be <br /> recognized in fiscal year 2022. <br />