02/04/2021 FINANCE COMMITTEE Minutes

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