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Mashpee Finance Committee March 18,2019 <br /> Working Group Report <br /> March 17,2019 <br /> Rodney, <br /> As agreed at the Thursday,March 14 Finance Committee meeting,a Working Group was formed to review , <br /> the 2020 Budget and report back to the entire Committee and you with their findings at the February 21 <br /> meeting. <br /> Mike Richardson,Chris Avis and Phil-McCahill volunteered to participate in this working group. A meeting <br /> was held on Sunday, March 17. <br /> The process that was used to review the.2020 Budget included: <br /> • Review Department Salary and Expense actual and budget trends from 2017-2020. <br /> • Review notes provided in the Finance binders provided by department heads <br /> • Summarize and analyze the 2017 and 2018 Actuals variance to budget <br /> • Review information for unfunded and proposed new positions for the 2020 budget- <br /> Calculate an assessment of any potential opportunity <br /> • Assume that there would be no change in town services YOY <br /> • Assume that.there would no reductions in existing Mashpee Town staffing levels. ' <br /> A summary of our findings is below: <br /> # Department/Category Findings Potential Information Needed' <br /> Opportunity <br /> ($000) <br /> 1 Town Insurance • 2020 Budget request of $125 • YTD 2019 Fiscal <br /> $869.8 a 4.7%or$39K Year spending. <br /> increase YOY. <br /> • 2017 and 2018 Actual.spend <br /> of$631 and$606K <br /> respectively were 80%and- <br /> 77%of plan. <br /> • The 2020 Budget represents a <br /> 43%versus 2018 actuals. <br /> 2 Medical Insurance • 2020 Budget request of $200-$400 • YTD 2019 Fiscal <br /> $8062.6K a 3.8%decline YOY. Year spending. <br /> • 2017 and 2018 Actual spend <br /> of$6417K and$6807K were <br /> 92%and 88%of plan <br /> respectively. <br /> • The 2020 Budget represents <br /> an 18% increase versus 2018 <br /> Actuals <br /> 3 Library • Library spending was 87%of $40 <br /> the 2017 and 2018 Plan. <br />