2/23/2012 FINANCE COMMITTEE Minutes

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F (Liaison Reports, cont'd) Joyce Mason presented a report on all school-related fixed costs, explaining that there are many costs that actually are not a-part of the $'18,009,990 school budget, copy her report i attached t these minutes (See Atta�chm nt A). The total school costs funded for FY 2013} or % f the entire town-o pe rami ng budg et, i s $26,313,172.00. Capital Improv-emnts Committee: Charles G si r Charles Ga i r presented the FY 2013 Capital Improvement budget to the Co'mmittee. The total for all departments i $686,193.' A separate warrant article will. be written to permit a request for $25,000 funding on the FY 2912 special Town Meeting portion for a South Cape Multi-Use Building requested by the recreation Department, so it can be built before the summer, if possible. Funding sources include:. $468,143 from available Fly 13 funds; $117,500 from Ambulance Receipts; and $87,559 minus $75,550 from Cable funds. NEW BUSINESS • Transfers— None • Appropriations Report- Mark Davini reported: all set. • Town Manager's FY 2913 Proposed Budget For the benefit of the'television audience, Town'Mana9er Joyce 11 a n'read her 2122112 memo to the Selectmen and the Finance Committee reviewing the the proposed FY 2013 budget. 'The. proposed budget is broken down as fdilow : General Government: $16,452,963 r . 9%'Incr as School Department Budget: $18,746,039 or 1% increase Fixed stns: $13,866,725 or 2.72% decrease In summary, the overall budget recommendation for FY 2013 is $49,065,727 that reflects ars overall decrease of$56,133 from F' 2912. lolls. Mason n noted that the school Department detail w s built by the Tern Accountant using the school Department's Excel spreadsheets, due to the fact that the school Department has not entered its budget in the ll UNIS system a required. Ms. Mason reviewed for the Committee the Projected FY 2913 Analysis of Available Revenues. The total Cherry Sheet is down .81% for the F '2013 budget. Ms. Mason added that when we look at wh. t vire have left for revenues there is no way the Town can meet the School Committee's request for a $ ..38 million budget increase. Ms.,Mason stated her hope-that the School Committee will look at their numbers and come in with a realistic number that the Town can live with. Charles Gaior explained the budget overlay, stating that it is a.Board of Assessors reserve fund used for uncollected taxes, for appeals, for tax abatements. Mr. Gash stated that the tax collection rate in Mashpee is 98%, which is quite extraordinary. Status Report n Warrant Articles for the Town Meeting Ms. Mason reported that the first draft.will be ready tomorrow and will be sent electronically tothe Finance Committee. There are 29 articles in'th ' nnual Report and one petition article that is 1 pages, relating to foreclosures and setting aside monies. Joyce Mason stated that she will work Grp a-report for the Finance Committee with a breakdown of the percentage of the tax rate that goes to each department. 2