1993-Annual Town Report - Laserfiche WebLink

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`wn Rep ort of the will continue to look for innovative ways to increase -ee. revenues. a Finance Committee nd Jat. In the following year, Mashpee faces a decision on educating our high school children,now that Falmouth has declared it can accept no more of our freshmen nks To the Board of Selectmen after 1995. We will have to plan for closure and ca - and the Citizens of the Town of Mashpee: p .ent ., P ping our landfill, and construction of a get We the Finance Committee r Mashpee/Sandwich Regional Septage Treatment Plant t respectfully submit on ed our annual re ort for 1993. the Mass. Military Reservation. These projects p could total more than ' s $30 million in construction We began the year with three goals: costs, and millions of dollars in operation and mainte- nance. 1} funds left over at the end of the year (free cash) not be recycled into budgets the followin year: Despite these challenges, the Finance Committee g Y believes we can chart a course which can avoid old 2 1%a of the levy increase Proposition 2-112 overrides, and will prepare a Lon } y be placed in the g Stabilization Fund, and , Range Financial Plan to light our way into the future. 3 use only 1-112%a of the - The Finance Committee has included in this report } y e levy, plus non-tax rev P enues,to fund budget increases and new positions. a number of tables and graphs depicting our fiscal con- dition today, and over the past five years. We also include a comporison with other Cape Cod towns We were successful in omitting free cash from the P using data from the Mass. Dept.. of FY93 budget, and increased the Stabilization Fund g p Revenue. $125,000, nearly 1% of the levy increase. Although Respectful) submitted, lo the budgets rose more than 1-1/2%, departments �' returned over $900,000 to the general fund. As a Dan Goggin, chairman result, we succeeded in (a) living within our means, Deirdre Greelish, Vice Chairman and (b) allocating excess funds for the Stabilization Denise Sullivan, Clerk Fund as an investment in our future. Roger Dunivan John Ferriday The Town is grateful to the Board of Selectmen for Tony Gallo bringing a fresh vision to "fixed costs". Due to a Marcia King Request for Proposals for town insurance and work- men's compensation, the budgets for these two items dropped$100,000 thereby avoiding prophetic increas- es in those accounts. In FY94, we will take a fresh look at escalating medical insurance costs in the hope that they, too, can be kept under control. The Finance Committee presented the Board of Selectmen with a list of vehicles owned by each department, including the age and replacement cost. We recommended that a capital replacement budget be established- ' g K ished and funded annually with $200,000. The funds would be used to replace existing vehicles with some years accumulating toward then _ balances in largest expenditures in otherears. This would brie stability Y g ility p :a to our capital replacement expenditures, and � =�t�: improve the safety of our fleet. = F We presented the voters with a land bank initia- tive"modeled on the Nantucket Land Bank whereby a percentage of home sales would be set aside for major capital projects.It was not approved at the annu- al town meeting. The Finance Committee recognizes the- h g financial pressures that result from growth, and 9