03/18/2021 FINANCE COMMITTEE Minutes

Home Browse Search

3 Finance Committee Minutes March 18, 2021 APPOINTMENTS & HEARINGS Public Hearing—FY2022 Operating Budget: The Operating Budget recommendation of$63,686,389 represents a 1.6% increase from last fiscal year. The Operating Budget includes the Cape Cod Assessment and Debt; $1,418,459 reflective of a 9.4% decrease. The budget is comprised of the following categories; • General Government $7,268,709 • Public Safety $11,076,050 • Education $24,717,894 • Debt Service $2,580,310 • Benefits $11,789,350 The Town of Mashpee was noted to be maintaining its AAA Bond Rating with Standard& Poor's with new growth estimated at 3%. Town Manager Rodney C. Collins indicated for all practical purposes,the Operating Budget as submitted supports mission critical needs and the collective bargaining agreements authorized by a vote of Town Meeting. The budget as outlined is responsible and sustainable. Many departments are level funded in FY2022 and a few vacant positions have not been funded. However,there are no reductions in personnel. The FY 2022 Capital Improvement Program(CIP)was unanimously supported by the CIP Committee,Board of Selectmen and Finance Committee. The FY 2022 Budget in the amount of $1,806,046 is funded through the Capital Stabilization Account with an offset of$80,000 from the Mashpee Cable &Advanced Technology (MCAT) funds. Capital needs to be funded include the continuation of the Police Department vehicle lease program,vehicle and equipment purchases for the DPW,Information Technology upgrades, boat purchases for the Department of Natural Resources, various School upgrades,Fire Department vehicles and several capital projects under Planning & Construction. There have been many challenges with COVID-19 and the Town has been working diligently to ensure all facilities both Town and School are sanitized and disinfected for safety. Appreciation was given to all staff members who have prevailed during this difficult time. The Department of Public Works under the direction of Catherine Laurent and the Town Manager's Administrative Assistant Terrie Cook were cited for incorporating additional responsibilities to their daily duties. It was also noted the Town of Mashpee has been awarded$1,250,218 in municipal CARES Act funding.