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1/9/2007 FINANCE COMMITTEE Minutes
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1/9/2007 FINANCE COMMITTEE Minutes
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Mashpee_Meeting Documents
Board
FINANCE COMMITTEE
Meeting Document Type
Minutes
Meeting Date
01/09/2007
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w ',x <br /> 1 <br /> ent took last ear's appropriation and spent it this year, without any prior <br /> ep� <br /> a roval. Ken e� ressed his concern over this subject e t being swept under the rug. <br /> Ken <br /> �p <br /> also inquired as to whether this carry-over was in the amount of Seven Hundred <br /> Thousand($700,000.00) and 00/100 Dollars. Joyce indicated that she did not tl nk so <br /> and would provide Ken with a copy of the report. <br /> The FY 208 Free <br /> Cash Analy si was reviewed by Joyce Mason. Joyce noted that for <br /> FY Zo ' , dere was <br /> certified free cash in the amount of Three Million,Nine Hundred <br /> Ninety Five Thousand Seven Hundred Sixty-Three ($3,995,763.00) Dollars and 001100 <br /> � <br /> Dollars, <br /> and that the Ton is starting with Three Million, Four Hundred Thirty <br /> Thousand, Seven Hundred Fort Threerec $3,43 0,743.00 and 0011 0, as of October 3 1, <br /> ode note that the Capital Budget number is high and will be slaved down. <br /> 200 , Joyce rn <br /> t she has conceded that the Stabilization Fund will be Two Hundred <br /> and <br /> Joyce stated t1�a <br /> Fifty Thousand 2 5 0,0 0 <br /> 0.0 and 00/100 and the Unfunded Liability will be cut in half, <br /> to One <br /> Hundred Twenty Five Thousand ($125,000.00) m-id 00/100. As rule, Two <br /> Hundred Fifty <br /> Thousand ($250,000-00) and 00/100 has been set aside for Special Town <br /> but this was reduced Fifty Thousand ($50,000.00)to the amount f Two <br /> Meeting,b y � <br /> Hundred Thousand ($200,000,00) and.00/100. Joyce pointed out that she had not set <br /> aside any funds for contract negotiationsChris Avis . <br /> inquired about the amount set aside for Special Totem.Meeting in the amount <br /> of Two hundred Thousand ($200,000.00) and 00/100 and Chris and Joyce Mason had <br /> brief discussion n about why this money is set aside and it's uses. Joyce stated that it is <br /> . � <br /> there to take care of any shortfalls. <br /> Chuck Gasior, Joyce <br /> Jason and Chris Avis discussed how the collective bargairg <br /> would funded i agreed on after the spring Torn Meeting. There was <br /> agreement � , <br /> ` <br /> also further review amongst Chuck, Joyce and Chris with regard to the certified free <br /> cash. <br /> Chuck Gasior and Joyce Mason discussed the upcoming School Meeting, and the events <br /> _ <br /> • the mores ceific ll , when the budget will be finalized. <br /> that�i�happen after this ince g�that the school contracts have not yet been negotiated. Chuck <br /> Chris Avis pointed out t <br /> inquired if the debt numbers were the actual numbers for the years, and Joyce indicated <br /> that they were. <br />
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