1/23/2014 FINANCE COMMITTEE Minutes

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i Town of Mashpee . 6 Great Neck.load North Masee, Massachusetts 06 FINANCE COMMITTEE PUBLIC SESSION ashpee Town Hall —Waquoit Meeting Room I Thursday, January 23, 2014 -- :30 P Minutes of the Meeting of 112312014 Committee Members Present: Also Present: Mark Davini, Chairman Brian Hyde: School Superintendent Theresa Cook, !lice Chairman Scott McGee, School Committee Chairman an Charles Gsior, Clerk George Schmidt Oskar Klenert Christopher Avis Torn Murphy CALL To ORDER -Chairman Mark D vini called the meeting to order at 7:00 PM PLEDGE of ALLEGIANCE— Recited. PUBLIC COMM ENT— Mark Davini Mark Da►rini announced the triple A bond rating recently awarded to the Town of I Iashpee, with congratulations to Joyce Mason for an excellent job of overseeing the management of the Town's finances. The AAA bond rating will provide M shpee with preferential interest rates down the road. REVIEW IEW of MINUTES —January , 2014. After one edit to the minutes* Theresa Cook made ar motion that the minutes of the Finance Committee meeting held on January g, 2014 be approved. Chas Allis seconded the motion. The motion was unanimously approved. NEW 11 BUSII ESS • Fincorn committee Liaison Budget !!Meeting Reports Schools: Theresa cool[. Ids. cook stated that although she usually feels there is room to trim any budget, the Scho l Department has presented a responsible budget. The 1.84% budget increase request included ratification of some contracts and increases in fixed costs. The retirement line item was very big, including all three schools. Ms. Cook recommended that the retirement item be separated out for each of the three schools. Terrie cook also described a proposal that will go to the Capitan Improvement Committee to purchase a 15-passenger van rather than continue to rent a van, in ars effort to reduce the cost of the use of the vehicle. The school will continue their quarterly meetings with Mark Da�vini f=in-cora) and Ms. cook (Fin-Com), Town Manager Joyce Mason, Assistant Town Manager Tom Mayo, Selectman Mike Richardson, Selectman Wayne Taylor, School Committee Chairman Scott McGee, and school Committee rnerer Don !Myers. L r ry: Theresa Cook. I ls.cook reported that the Library budget had followed the Town Manager's directive to adhere to a level budget request. The cost of energy has escalated, and the Lihrary Director is working with NStar and the DPW to determine the cost of the increase in