2/8/2018 FINANCE COMMITTEE Minutes

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4 Finance Committee Minutes February 8, 2018 School Committee—FYI Budget Review: (continued) Further questions regarding this budget may be directed to Superintendent of Schools or to the School Business Administrator. Town Manager Rodney C. Collins indicated the School Department has done a commendable job in submitting their proposed budget for fiscal year 2019. Town Manager--FYI Budget Review: Rodney C. Collins, Town Manager was in attendance with Wayne E. Taylor,the Assistant Town Manager to review the fiscal year 2019 budget recommendation with the Finance Committee. Also present was Dawn Thayer the Finance Director and Craig Mayen the Treasurer/Tax Collector. The FY19 budget recommendation is $58,117,438. The Town and School budget combined is reflected of a 2.3%increase from fiscal year 2018 with no fixed costs. The budget as it is presently configured represents the mission critical needs of the Town of Mashpee. Through fiscal conservancy and responsibility,the override projected to occur in fiscal year 2021 has been moved forward to 2023. Methods to increase the revenue stream are continuously being considered, and all options and collaborative efforts are expected to be fully expended before the Town would move forward with an override. And, if all options were exhausted, a plan would be in place laying out the terms, and increases for this consequence. While respective of the School budget and its challenges Town Manager Rodney C. Collins indicated he received communication from the School Department on this date requesting consideration to increase their budget by $94,589. The Town Manager through his Finance Director informed the School Department and Finance Committee that funds in the amount of $92,012 previously budgeted for the Cape Cod Technical School assessment would be available to offset the School budget. With $2,577 in additional School funding,the Town Manager would bring forth a balanced budget for fiscal year 2019. The School Superintendent and members of the School Department expressed sincere appreciation with respect to the Town Manager's recommendation to resolve their budget challenge. With regards to personnel, budgetary adjustments in FYI include merit increases and cost of living adjustments. As a result of financial constraints, several positions authorized by Town Meeting have not been funded. As positions become vacant, the essential functions are fully analyzed for justification. Privatization is an option to be considered when necessitated.