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Town of Mashpee <br />16 Great Neck Road North <br />Mashpee, Massachusetts 02649 <br />FINANCE COMMITTEE — PUBLIC HEARING /PUBLIC SESSION <br />Mashpee Town Hall — Waquoit Meeting Room 1 <br />Thursday, March 19, 2015 — 6:30 PM <br />Committee Members Present: <br />Theresa Cook, Chairman <br />Charles Gasior, Vice Chairman <br />Tom Murphy, Clerk <br />Christopher Avis <br />David DelPonte <br />Oskar Klenert <br />George Schmidt <br />Also Present: <br />Joyce Mason, Town Manager <br />Tom Mayo, Assistant Town Manager <br />Scott McGee, School Committee Chairman <br />Mike Richardson, BOS Liaison <br />CALL TO ORDER — Chairman Theresa Cook called the meeting to order at 6:30 PM. <br />PLEDGE OF ALLEGIANCE — Recited. <br />APPROVAL OF MINUTES — 3/12/2015 <br />George Schmidt made a motion that the minutes from the Finance Committee meeting on 3112115 be <br />approved as presented. Charles Gasior seconded the motion. Rall Call Vote: Avis (abstained); <br />Schmidt, yes; Klenert, yes; Cook, yes; Gasior, yes; Murphy, yes; DelPonte, yes. The motion was <br />approved by a vote of (6-0-1). <br />APPOINTMENTS AND HEARINGS <br />• 6:30 PM PUBLIC HEARING <br />Chairman Theresa Cook read the public hearing notice for the Mashpee Finance Committee FY2016 <br />Operating Budget. Town Manager Joyce Mason turned the meeting over to Town Accountant Dawn <br />Thayer who delivered a power point presentation of the Fiscal Year 2016 Budget recommendation for <br />the Town of Mashpee. Key points of the presentation included the following: <br />FY2016 total State Receipts — Governor's Proposal: $6,647,414 <br />- FY2016 total State Assessments -Governor's Proposal ($2,082,902) <br />- Net State Aid for Budgeting: $4,564,512 <br />Total Non -Property Tax Revenue. $9,604,023 <br />- Total FY 2016 tax levy limit: $443,938,456 <br />- Total FY 2016 Debt Exclusions: $1,662,742 <br />- Total FY 2016 Operating Budget: $54,057,817General Govt.; Public Safety; Public Works; <br />Education; Debt Service; Benefits <br />- Total FY 2016 Capital Budget: $738,014 <br />- Total FY2016 Town Manager Budget Recommendation: $55,195,831 <br />- Funding the FY 2016 Budget Recommendation: State Aid; Local Revenue; Other Available <br />Funds; Tax Levy <br />- FY 2016 estimated Excess Tax Levy Capacity: $584,662 <br />- Calculation of Projected Municipal Property Tax <br />- Free Cash Analysis FY2010 through FY 2015 <br />