3/16/2017 FINANCE COMMITTEE Minutes

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3 Finance Cottee Minutes Earch 1 , 2017 APPOINTMENTS &HEARJNGS Public Hearin --Fiscal Year 2018 Overating.Budget,-, In accordance with Section 6-6 of the Charter for the Town of Mashpee,the Finance Committee opened the Public Hearing on,the Fiscal Year 2018 Operating Budget for the Town of Mashpee as submitted by the Town Manager. To conform to posting requirements, the Hearing notice was read aloud into the record. Attending the Public Nearing was Town Manager Rodney C. Collins,Assistant Town Manager Wayne E. Taylor and the Finance Director Dawn M. Thayer} Rodney C. Collins, Town Manager expressed appreciation to those who have assisted in the budget preparation process for fiscal year 2018. As professionals,the entire staff including the school department has been fully understanding and cooperative with regards to fiscal constraints as the Town of Ilashp e e endeavors to fund several large prof a cts. This includes the $5,800,000 Quashnet School renovation pro f ect to be considered as a debt exclusion,the$18,00%000 (Mashpee's share) of the Cape Cod Regional Technical School construction project and pending collective ba gaining agreements under negotiation. Although the School Department budget is slighter higher than last year,the FYI 8 budget overall is reduced in comparison to last fiscal year. There is conccrn with respect to unknown costs associated to the Cape Cod Regional Technical School budget. Town Manager Rodney C. Collins indicated he recently met with the CCRT Superintendent of schools to further discuss cost projections associated to the project proposal. It is the intention of the CCRT School uperintendent to fully vet this project in an effort to reduce cost assumptions where possible. For the record Town.Manager Rodney . Collins stated he is not in objection to the prof cet proposal and of the benefit relative to receiving a technical school education. However, as Chief Administrative Officer of the Town of Mashpee Town Manager Rodney C. Collins indicated it is his desire to reduce costs where passible. It was disclosed that currently there is no representation from the Board of Selectmen to serve as liaison to the Cape Cod Regional Technical School. Mashpee School Committee members Scott McGee and David Bloomfield presently serve as representatives. Dawn Thayer,the Finance Director also serves as the Town of Mashpee representative on the School Building Committee. Discussion followed with respect to the FYI 8 omnibus Budget. when asked of the principal Outside 2 V2which was budgeted FYI for$1,975,000 and is now recommended at$615,000 in FY 18, it was explained th.e $615,000 cost in FYI 8 is associated to debt obligations relative to the Fire Substation, the Senior Center,the Library and the St. Vincent land acquisition. with respect to the$1,3 00,000 reduction,the decrease represents a loss of$900,000 in MSBA reimbursement revenue associated to the Mashpee High School project which is no longer a part of the debt schedule in fiscal year 2018.