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2 <br /> Finance Committee <br /> Minutes <br /> December 15, 2016 <br /> Present: Chris Avis, Jeffrey Pettengill, David DelPonte, Oskar Klenert, Sylvester Ryan <br /> Absent: Mike Richardson <br /> Attendees: Rodney C. Collins, Town Manager <br /> Wayne E. Taylor,Assistant Town Manager <br /> Meeting Called to Order by Chairman Avis at 6:30 p.m. <br /> Mashpee Town Hall, Waquoit Meeting Room <br /> MINUTES <br /> November 17, 2016: <br /> Motion made by Mr. DelPonte to approve the minutes of November 17,2016 as presented. <br /> Motion seconded by Mr. Ryan. <br /> VOTE: Unanimous. 4-0-1. <br /> Roll Call Vote: <br /> Mr. Avis,yes Mr. Pettengill,yes Mr. DelPonte,yes <br /> Mr.Klenert, abstained Mr.Ryan,yes Opposed,none <br /> At the last meeting,the Finance Committee met with the Town Manager,the Assistant Town <br /> Manager and the Town's Financial Team to review the 10-year financial forecast from fiscal <br /> year 2018 to fiscal year 2027. <br /> Mr. Klenert offered some comments with respect to some of the financial strategies contained in <br /> the long term fiscal analysis for the Town of Mashpee. As noted,while the town is charting the <br /> course which may be good or not,tomorrow is not known today and there may be difficulties. In <br /> concern Mr. Klenert indicated the expenses of the town are climbing each year, even by the rate <br /> of 2%costs have risen. Mr. Klenert asked what has been done in terms of"thinking outside of <br /> the box." <br /> At the financial meeting,the Director of Assessing indicated the tax rate valuation tends to flow <br /> in a 10-year cycle with peaks and valleys. It is estimated the real estate market will peak within <br /> the next two years and then valley in FY2022. Mr. Klenert indicated in this course he is <br /> concerned the straight line will dip, and the bump may become a cliff. Mr. Klenert stated he is <br /> not satisfied with status quo, and advised that at times it appears expenses are rubber stamped. <br /> Mr. Klenert said expenditures should be questioned. It was agreed the largest expense of the <br /> town is payroll and fixed costs are increasing by the rate of 2.5%. In comparing the town vs. the <br /> private sector, increases appear to be minimal in times of budgetary constraints. <br />