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02/04/2021 FINANCE COMMITTEE Minutes
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02/04/2021 FINANCE COMMITTEE Minutes
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Mashpee_Meeting Documents
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FINANCE COMMITTEE
Meeting Document Type
Minutes
Meeting Date
02/04/2021
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6 <br /> Finance Committee <br /> Minutes <br /> February 4, 2021 <br /> Presentation from Town Manager: (continued) <br /> With significant capital expenditures there is concern the Town is not looking into the future <br /> years. It was suggested the turn-backs be factored into the budget. Over a three-year period <br /> turn-backs tend to represent an average increase of 12%. <br /> It was disclosed the Town of Mashpee has a multi-year plan. It is a working document that is <br /> modified periodically with the closing of each fiscal year, after Town Meetings, and with <br /> accurate State quantities. The revenue forecast is a projection, and it is ever-changing. Expenses <br /> regarding wastewater when determined will be added to the revenue calculations. <br /> Additional revenue sources are realized, and would be included in future budget projections. <br /> However, instituting the wastewater plan for clean water will create the need for a higher tax <br /> rate. In appreciation for the Town's due diligence, it was agreed the Town of Mashpee is <br /> effectively and efficiently managed. <br /> Discussion followed with respect to the Capital Improvement Program(CIP)budget approved by <br /> the CIP Committee for Fiscal Year 2022. Capital funding is a multi-faceted and long-term plan <br /> investing for the future of the Town of Mashpee. The CIP program is now adequately funded to <br /> address capital needs through the Capital Stabilization fund. <br /> The $2,656,046 budget includes $80,000 in contributions from the Mashpee Cable and <br /> Advanced Technology (MCAT)Board for Wireless Upgrades to the School and Network Switch <br /> to the Town Hall to bring forth a total CIP cost of$2,576,046. The budget is nearly consistent <br /> with the Town Manager's recommendation to expend$2.5 on capital improvements. <br /> The FY22 CIP Budget will collectively support the following departmental requests; <br /> DPW $256,000—Replace 3 Trucks,Replace Chipper <br /> Fire $120,000—Purchase 2 Utility Vehicles <br /> Information Technology $109,448—MCAT funding; $50,000 <br /> Natural Resources $201,000—Replace 2 Boats, mission critical <br /> Planning& Construction $1,534,198—Various upgrades <br /> Police $224,400—Continuation of Vehicle Replacement program <br /> School $211,000—MCAT funding; $30,000 <br /> School upgrades include food service equipment, Chromebook leases, interactive board systems <br /> in classrooms, replacement of teacher PC's, wireless upgrades and flag pole installations; 3 <br /> schools. <br /> Recommended Planning and Construction upgrades include floor replacement,DNR facility, <br /> roof solar system purchases (3 buildings),MMHS parking lot resurfacing and school security <br /> upgrades. <br />
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