3/21/2013 FINANCE COMMITTEE Minutes

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Revenue Sources include: Levy— (local property tax revenue) - $40,510,967 New Growth — (estimates based on new building permits) - $200,000 State Funds— (Chapter 70, Lottery, & other) - $4,710,239 Local Receipts — (permits, ambulance receipts, betterments, CPA funds) - $4,427,399 Free Cash (aka revenue available) - $1,311,606 The revenue sources total: $51,160,211 Included in Mr. Mayo's presentation was a proposed Capital Program for FY 2014 for the following: Fire Dept., Information Technology, Planning& Construction, Police, Public Works, Recreation, and School Dept. The total cost estimate: $1,262,256. Funding sources for the proposed FY 2014 Capital Program include: Mashpee Cable & Advanced Technology Account, Ambulance Receipts, Chapter 90, and Free Cash (available revenue). The budget overview presentation was well received by the Finance Committee, and it was suggested that copies of the presentation be made available to the general public. Theresa Cook made a motion to close the Public Hearing. Charles Gasior seconded the motion. The motion was unanimously approved(7-0). • Tax Rate Discussion —Charles Gasior Charles Gasior suggested that a pie chart be prepared to provide an informative breakdown of the tax rate, to include the budget categories A through G. Tom Mayo agreed to work with Mr. Gasior on this. Mr. Gasior stated that after meeting with Town Assessor Jason Streebel, he was comfortable with assuming $4,425,000,000 in assessments, which would come up with a tax rate of 9.29% for 2014. The consensus of the Committee was that Mr. Gasior's assessment of the tax rate is a reasonable one. • Transfer Requests George Schmidt reported no transfer requests, but one request for approval of payment of an invoice from Sullivan & Rogers auditors in the amount o $12,000. The committee members signed off on approval of payment of the invoice. • Liaison Reports — None • Board of Selectmen Liaison Report— Mike Richardson - Mr. Richardson agreed to support the idea of investigating the possibility of coming up with a 5- year forecast for the town budget. - Police Chief Rodney Collins' father passed away this week. Services will be held on Saturday afternoon, March 23rd, and will be attended by Mike Richardson, Joyce Mason and Wayne Taylor. - DEP will meet with Mike Richardson at South Cape Beach on March 28th to determine how best to go forward with preservation of the town beach parking lot after severe erosion damage from the winter storms. - The School Committee voted today to select Steve Hiersche as the new School Superintendent. The vote was 3-2 in favor of Mr. Hiersche. - Affordable Housing Committee is continuing to actively pursue additional affordable housing projects. - Mike Richardson and Doug Storrs are meeting next week to discuss a possible Farmers Market at Mashpee Commons as well as other ideas for expansion at the Commons. - Moratorium on the Marijuana legislation guidelines will hopefully be completed in time for the October 2013 Town Meeting. - Mr. Richardson reported on a legislative breakfast held at the Mashpee Library on 3115/13, with David Vieira, Randy Hunt, Cleon Turner, Oskar Klenert, Dan Wolf in attendance. 2