3/3/1998 FINANCE COMMITTEE Minutes

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Motion to Approve School Budget: Motion made by Mr. Golub that the Finance Committee recommend the School Budget in the amount of$11,100,900 with the provision i that this amount is tied to the State aid of Chapter 70 monies in minium amount of$1,800,000_ lotion Bonded by Mrs. Goulart. Discussion on Motion: Lr. Goggin questioned where the benefits stand with the amount of $11,100,000. He noted that if you acid the$600,000 in benefits,you are talking a budget figure of$11,700,000,plus Cape Cod Tech. Mr. Goggin commented that he feels they have a good starting point with the Foundation Budget being used as the basis. He noted that if you take the Foundation Budget from the Mate in the amount of$11,,159,671 and you add 100 students to that at$5,000 per student,the amount is at approximately $11,660,000 and then you subtract out the benefits,which bangs you to an amount of$11,100,000. Chairman watt noted how the figure of$11,100,000 was arrived at: • Estimated the increase from last year I budget and the increase in population. • Took the state"s foundation budget,added 100 students,and came up with$11,660,000 and took out the benefits and came up with an amount of$11,100,000. Vote on Motion* Vote-,Unanimous. -0. FINANCE COMMITTEE M 'T G: The next regular meetings of the Finance Committee will be held on: Tuesday,March 10, 1998,at the Mashpee Town lull, beginning at 6:30 P.M. Wednesday,March 11, 1998,at the Mashpee Town Mall, beginning at 6:30 P.M. Chairman watt noted that a representative from the Library should attend one of the Finance onur ittee meetings to discuss their budget.