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2/23/1999 FINANCE COMMITTEE Minutes
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2/23/1999 FINANCE COMMITTEE Minutes
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Mashpee_Meeting Documents
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FINANCE COMMITTEE
Meeting Document Type
Minutes
Meeting Date
02/23/1999
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F <br /> Ms. Caffyn mentioned that in Mashpee they have full-day.kindergarten which is a cost to the <br /> town of Mashpee. She commented that there are not many fu lune Kindergarten classes <br /> offered on the Cape and there are not many in the Stat. <br /> Mr. 'matt questioned,Mr. Matters if the Selectmen are planning togive the School abudget <br /> number tomorrow night at the Joint Meeting of the Sele=en School ommittw/Fxnanc <br /> Committee. lir.larsters stated,that he is going to listen to them and see what they have to <br /> say. After discussion,he commented that maybe they should cone up with some sort o <br /> number to give to the School. <br /> Mr. whritenour stated that it would be beneficial to let them know how much money can be <br /> raised without an override,in terms o where the revenues stand. Mr. �tenour said that <br /> this number,without the override,would b $12,300,00 , <br /> There was discussion on the following calculations: <br /> Mr. Golub projected the number of students for next year as 2,205. <br /> The school has projected the number of students for next year as 2,290_ <br /> SKr. obi 's projtection is 85 less students that the School projection. <br /> At a cost o $5,804 per student,you arrive at a budget figure of <br /> $121,789,044 using Mr. olub"s projection. <br /> At a cost of$5,504 per student,you arise at a budget figure of <br /> $121>127,544 using Mr. Golub's projection. <br /> Mr. whritenour stated that if they were to get the$750,000 of the <br /> 1,004,000 overrule,their budget Figure would bre 13,454;000. <br /> Chairwoman Goulart sued that this would be$5,918 per student. <br /> Upon questioning fronn Mr. 1 farsters,Mr. whrit pour stated the following: <br /> The School Budget figure,without an override,would be$12,300,400. <br /> The School Budget figure,with an override of$754,444,would b <br /> $131)450,440. <br /> i <br /> There is a 1,4441004-override,with$750,440 for the School <br /> and$250,004 for the Town, <br /> There would be a zero balance in Stabilization because you would <br /> be using the remaining balance of$400,000 in the Stabilization Account. <br /> There was discussion concerning the negative issues of using all the funds in the Stabilization <br /> Account. <br /> Mr. whrxt hour commented that this is a resWt of between 15-20%growth in the School <br /> Budget every year for the last four years and having to absorb the cost. <br /> Mr. 1 farsters confirmed that,without an override,they are giving the School a budget fignre <br /> of$12,3441,444 and this would be using$400,000 worth of Stabilization. ,Additionally,with <br />
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