2/27/2020 FINANCE COMMITTEE Minutes

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7 Finance Committee Minutes February 27, 2020 APPOINTMENTS & HEARINGS Review and Action on Fiscal Year 2021 Budget: (continued) School - $22 778 314: Deferred to the March 5, 2020 meeting. Analysis of Budget and Content of Finance Committee Report: The Finance Committee continued their analysis of the budget and content for the Finance Committee Report. Finance Committee member John Miller is scheduled to meet with the Town Manager next week to review the possibilities associated to the expansion of the content of the Finance Committee Report by adding graphics and other visual enhancements. Due to cost assumptions there may be limited abilities to refine the report. It was agreed that colored illustrations may be more appealing and an efficient use of the report. Due to cost constraints to be determined, both color and black and white renderings may be utilized. The following charts were identified for inclusion into the Finance Committee Report; • FY2021 Budget by Function(Operational Budget Only,Not including CIP) • Spending Rate Trends from 2018 through 2021. • FY2021 Budget Tax Rate; Average Residential Assessment & Impact to reveal where the money is being spent • Revenue Chart—Cherry Sheet Estimates (State Revenue),Non-property Tax Local Revenues, Local Property Tax Revenue, Surplus Funds used for Offset, Other Municipal Funds, etc. In preparation for the development of the Finance Committee Report, members of the Finance Committee revisited the mandates of the Mashpee Town Charter: COMMUNICATIONS & CORRESPONDENCE Finance Committee Resignation: The Finance Committee received communication from Chuck Gasior dated February 22, 2020 officially resigning from the Finance Committee on this date. (enclosure) The Chairman of the Finance Committee has accepted the resignation. The Town Clerk and Town Moderator have been notified of the resignation as the Town Moderator by Charter is the appointing authority for this position. It was agreed the Finance Committee Chair would remit a letter of appreciation to Mr. Gasior for his dedicated service on behalf of the Finance Committee.