1996-Annual Town Report - Laserfiche WebLink

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Report of the • We encourage the Board of Selectmen to use the Long Range Plan and our Financial Policy whey Finance Committee making their financial decisions. • We encourage voters to endorse our financial policies and long range plan when presented with To the Board of Selectmen spending decisions, and the Citizens of the Town of Mashpee: The Finance Committee's responsibility is to make We encourage the Board of Selectmen and the recommendations to the town in issues with monetary town to adopt the Financial Goals and Objectives impact to the own. Our deliberations reflect an over- Statements presented herein. riding concern to: Summary w Live within our means. The Finance Committee applauds the efforts of the Our short term goal is to meet the needs of and sup- town departments to budget conservatively, which port a growing superior education process without sac- reflects directly an our tax rate. We continue to rec rificing other municipal services while containing our ommend adequate provision for capital and infrastruc- r tax burden. Our intermediate goal is fund operational tore needs of the town. the needs of our growing school system over the next few years while keeping our tax rate within the means We include here our presentation of Financial Goals of taxpayers. Long term, we should manage our and Objectives. t Stabilization Fund to lessen the impact of capital pro- jects on our tax rate. Sincerely, Sidney Golub, Chairman 1996 Achievements Daniel Goggin, Vice Chairman Alec Watt, Clerk Departments returned $567,661 to the General Anthony Gallo ! fund, unspent appropriations. Accordingly, over Michael Kumin $734,643 we added to the Stabilization Fund in Nancy Jo Goulart October. During theear $54122 was Y transferred Jim Cleary from the reserve account for emergencies or un fore seen contingencies in various town departments. The Long Range Plan In Long range plan has been updated to take into consideration current events. we based on anticipated revenues and evaluated the long term consequence of spending patterns. If we as a town adhere to the long range plan we can fund planned operational expendi- tures and our capital needs while maintaining reason- able tax increases of 2.5% each year. Financial Goals and Objectives r We presented our Financial Goals and objectives Statement to the selectmen which covers the Budget procedure, the town's Fiscal Policy, Capital Planning and Debt Management Policy. i Accordingly: We encourage a e the elected boards s which raise tax revenues through fees to enhance those revenues where ever feasible. i °. 10