03/16/2020 BOARD OF SELECTMEN Agenda Packet

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*DRAFT* BOARD OF SELECTMEN MINUTES 3-2-2020 8 hoard of Selectmen Minutes March 2, 22 APPOINTMENTS & HEARINGS :presentation of Fiscal Year 2021 Ca e Cod Technical Hk4h School Bud Superintendent Robert Sanborn. (continued) The FY21 budget has risen by 2.76% or $15,504,000. In reviewing the past history,the FY20 budget was .96%. In FYI 9 the budget was, 1. % and in FYI 8, 1. %. The ma'ority of the 12 participating towns are financing the Cade Cod Technical School budget through Assessments; 8 . % with support from State Aid 1 . % and.Local revenue 2.2%. Teacher ,salaries comprise 3 5% of'the budget. Insurance benefits comprise of 11% and retiree benefits amount to 5% of the budget. With regards to un-funded liability, Mr. Sanborn indicated that $150,000 is proposed to be funded this month, and in the next budget cycle $150,000 would be continuously added to the budget to fully fund. OPEB, liabilities in the next 28 years. Good strategy and policy has earmarked funding approximately $1.1. million to fund the future costs of retiree health insurance benefits. It was noted that retirees are compelled to tale the advantage of Medicare at 65 years of age. The school was fortunate to have a % increase in Medical Insurance in FY2 1. In addition to salaries and benefits (76%)�, other,drivers affecting the 2.76% increase include materials and services, utilities and transportation. With a new league, the athletic program requires more travel. This has resulted in an % increase in the transportation budget. The capital budget has increased by 3%. Mash ee's capital debt assessment is $487,847 in FY21. This has resulted in and increase of approximately $40,000 due to the increase in enrollment. To conform to the requirements ofthe Perkins in Grant, the school conducts a post follow-u.p of"the ut me of graduate students. Of the 137 graduates in 2018 the response rate was 119. The majority of students employed related to shop; 5 %. Those seeking additional education comprise 3 % of the ratio. Sixteen students are employed, but not related to shop and ten students have joined the military. A total of % of these students have stayed on Cape Cod. In reviewing the figures, the :hoard of Selectmen recommended to continue the study 3 years out, and determine the nature of the students housing. With regards to the construction of the new facility, it is anticipated the school would be complete in Juice with students attending in September. There have been very little change orders, currently amounting to 0.07% of the total cast of construction. This has been attributed to the builders and the architects. The school is a LEER silver and state of the art facility. New construction will allow for l% solar with additional solar improvements added upon completion of the building to conform to MSBA requirements. The former school building is slated for demolition in.July upon completion of the new school.