06/15/2020 BOARD OF SELECTMEN Agenda Packet

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Page' 3 Article.13 (Fin-Com Report Page 13) To see if the Town-Will vote to appropriate and transfer the sum of$200,000 from revenue available for appropriation to the Human Resources Accrued Benefit Account,or take any other action relating thereto. Submitted by the Department of Human Resources Explanation:This article is necessary to replenish the Human Resources Accrued Benefits Account. The Board of Selectmen recommends approval of Article 13 by a vote of 5-0 The Finance Committee recommends approval of Article 13 by a vote of 6-0 Group#2 Special Town Meeting(Articles 4, Sp 61 7) Article 4(Fin-torn Report Page 8) To see if the Town will appropriate and transfer pursuant to the provisions of M.G.L. C. 44B, section 6 to reserve from the Community Preservation Fund Budgeted for Appropriation Reserve, the following amounts: $21,971 -10% Open Space/Recreation'Purposes $21,971 10%, Historic Purposes $21,971 1OVo Affordable Housing Purposes or take any other action relating thereto. Submitted by the Community Preservation Committee Explanation: This is a "clean-up" article to meet the requirement of reserving funds from the supplemental CPA FY 2020 Trust Fund distribution. The amount of FY 2020 state reimbursement received by the Town of Mashpee was$219,710 higher than the initial estimate and due to a surplus in the FY 2019 state budget. We are required to set aside 10% of those.excess funds and deposit them into each of the CPA reserves. Funding shall derive from the Community Preservation Budgeted for Appropriation Reserve. ,The Board of Selectmen.recommends approval of Article 4 by a vote of 5-0 The Finance Committee recommends approval of Article 4 by a vote of 6-0 Article 5 (Fin-Com Report Page 9) To see if the Town will vote to appropriate and transfer the sum of$27,800 from the Community Preservation Fund 10% Historic Purpose Reserve in accordance with the provisions of M.G.L. Chapter 44B, §5 for the purpose of funding the Retrofit of the Vault Project including necessary costs and expenses related thereto., as recommended by the Community Preservation Committee,or take any other action relating thereto. Submitted by the Community Preservation Committee The Community Preservation Committee recommends approval of Article 5 by a vote Of 5-1.