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computer system. For the administrative end,they use the town's computer system;for the <br /> curriculum end,they have their own system. <br /> FTNANCE COMMITTEE LONG RANGE PLAN; <br /> The Finance Conunittee members reviewed the amended Long Range Plan which was <br /> submitted by Mr. Goggin. <br /> Chairman watt questioned the last page of the Long Range Plan and the FY98 Total <br /> Expenditures number of$28,124,584. Mr. Goggin noted that he had a reconciliation <br /> problem with those numbers and will correct this. <br /> 1r. Golub noted that the amount of$1,750,000 was taken out from lfiscellneou <br /> Borrowing for FY2 . <br /> Mr. Golub questioned Mr. Goggin on the$500,000 amount for Capital and Special Projects. <br /> Mr. Golub noted that the amount of the Finance Comr ittee's old forecast was around <br /> $ 00,900. Mfr. Goggin stated that these numbers can be changed. Mr. Golub questioned <br /> what the number was from the last Long Range Plan. Chairman watt noted that the figure <br /> was$567,000. Mr. Golub Hien consented that if FY99 is$567,000,,then FY2000 should <br /> be around$580,000 and FY2001 should be$65, . <br /> Mr. Kurnin commented that he feels the figure for Capital and Special Projects on the <br /> Summary page should be changed from$500,000 to$600,000 for each of the three years. <br /> Mr. Goggin stated that it was suggested earlier that the Finance Committee increase the <br /> funding for FY99 F99from the$500,000 to almost$600,00—the annount of$567,000 would <br /> pick up what the Finance Committee had in their last Long Range Plan. Then in F 2000, <br /> move it up to$5 79,101. <br /> Mr. Golub commented on the line item entitled Balance in Stabilization Fund on the <br /> Summary page. He stated that it doesn't apply and that another line should be put in that is <br /> called Balance of Miscellaneous Reserve Account. He also commented on another line <br /> which shows other sources such as Utilization of Free Gash. <br /> There was discussion concerning the tax rate and the levy amount. Mr. humin questioned <br /> Mr. Goggia where he got the numbers for the Town Value. Mr. Goggin noted that he had <br /> starting point which tied out exactly to the levy and then he increased it 2-1/2%. Mr.Ku in <br /> noted that between FY98 F98and F 99, the value goes up$31 million; and from F 99 to <br /> Flo ,the value goes up$28 million;and the next year,the value only goes up 1 million_ <br /> Nix. Goggin stated that he would get that corrected. Mr. Golub noted that we went up 4%in <br /> FY98 and we went up 4%in F 97. He feels with Southport growing,it would be wise to use <br /> the 4%figure rather than 2-1/2%. <br /> Chairman watt noted the page containing the Massachusetts DGR Governmental <br /> Classifications. He stated that there are two Public Works Departments listed. Mr. Golub <br /> added that there are two Public Safety departments. Mr. Goggin said he will fix that. <br /> Mr. Golub questioned where Falmouth is in the Long Range Plan. Mr. Goggin stated that in <br /> the Long Range Plan,Falmouth is included in the Foundation Budget for Education. At that <br /> point,Mr. Golub noted that in the Long Range Plan,the Education figure of$11,388,649 <br /> includes not only the benefits and Schedule 1 items,that also factored into that is V2niillion <br /> dollars for Falmouth. Mr. Goggin noted that the only thing excluded in the Foundation <br />