1/19/2017 FINANCE COMMITTEE Minutes

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4 Finance Committee Minutes January 1 ,2017 NEW BUSINESS FY 18 Budget Review in pLeparation for Mav 2017 Town Ileetin Fcontinued In considering the school budget, it was noted the number of students attending Ma.shpee schools has been relatively stable during the past four years. Birth rate projections are also expected to he unwavering for an additional four years. Eighty percent of the school budget is earmarked for salaries. . lthough union contracts typically have escalations,the school budget is increasing more gradually in the matter of salaries. When asked if thepro posed %reduction in municipal government would affect services, Rodney . Collins,Town Manager indicated that mission critical services would not he compromised. If a vacancy exits, it may not be funded in FY 18. However, in preliminary budget assumptions,there are no layoffs projected. Town Manager Rodney C. Collins requested comment from the Finance Committee with regards to his recommended course of action to reduce the municipal budget b %. In response it was agreed FYI 8 is the first year of a multi-year proposal when considering the long term fiscal analysis of the town. It appears the Town Manager is moving forward in the right direction. If the budget was to increase yearly, it would not be sustainable. Numbers will always be questionable, and it is positive to have reductions if services are not compromised. It was agreed that after review of the F 18 budget,the town should begin preparations for fiscal year 2019, and consider another-2%reduction. To maintain equality, it was recommended the School Department take a hard look at their budget. At this time,the actual figures on the town and school side of government are not fully finalized and would he further considered. School Committee Chairman Don Tears reaffirmed a 2.18% increase the School Department requesting represents an additional$454,000 in the proposed school budget. With respect to general operating procedures as it relates to infrastructure and security there was concern regarding necessary technology improvements and upgrades. Town Manager Rodney C. Collins indicated that urgent requests from departments such as Information Technology within the town and schools are prioritized and addressed in the capital improvement plan. Infrastructure advancements are planned looking toward future needs as it is imperative to safeguard these operations. The Finance Committee gave full support to the Town.Manager and agreed to work collaboratively and collectively on matters of mutual interest.