06/15/2020 BOARD OF SELECTMEN Agenda Packet

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Page 17 Article 5 (Pin-Cora Report Page 23) To see if the Town will vote to approve the regional school district debt assessment for the Cape Cod Regional Technical High-School District Building Project for the fiscal year beginning July 1, 2020, in the amount of$6,260,701, and further,to see if the Town will vote to raise and appropriate the sum of$487,847 to meet its share of the cost of debt for the Cape Cod Regional Technical High School District Building Project for the fiscal year beginning July 1, 2020, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: Mashpee"s share of the Cape Cod Regional Technical High School debt for the Cape Cod Regional Technical High School Building Project for Fiscal Year-2021 is$'487'847. The Board of Selectmen recommends approval of Article 5 by a vote of 5-0 The Finance Committee recommends approval of Article 5 by a vote of 5-1 Article 6 (Fin-Co Report Page 23) To see if the Town'will vote to appropriate and transfer the sum of$'250,000 from revenue available for appropriation to the Other Postemployment Benefits Irrevocable Trust Fund, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: This article will add funds to the OPEB Irrevocable Trust Fund which-was established,in FY 2013 to assist the Town with meeting its potential post-employment benefits obligation. The Board of Selectmen recommends approval of Article 6 by a vote of 5-0 The Finance Committee recommends approval of Article 6 by a vote of 6-0 Article 17 (Fin-Com Report Page-28) ' To see if the Town will vote to appropriate $500,186 to establish a budget for the PEG Access and Cable Related fund for fiscal year 2021, with said appropriation to be funded through the current bala.nce of the fund, or take any other action relating thereto. Submitted by the Finance Director Explanation: The Department of Revenue now requires the Town to vote a yearly budget based on estimated expenditures from the fund for the next fiscal year. The total budget voted may not exceed the current balance within the fund. The Board of Selectmen recommends'approval of Article 17 by a vote of 5-0 The Finance Committee recommends approval of Article 17 by a vote of 6-0 Article 18(Fin-Corn Report Page 28-29) To see if the Town will vote to appropriate and transfer the sum of$250,000 from revenue available for appropriation, to be deposited into special injury leave indemnity fund, (Injured on Duty Fund), in accordance with the provisions of General Law Chapter 41, Section 111F for the purposes of funding injury leave-compensation or medical bills incurred under said law,, or take any other action relating thereto. Submitted by the Finance Director