12/03/2020 FINANCE COMMITTEE Minutes

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4 Finance Committee Minutes December 3, 2020 Presentation from Town Manager: Review of FY22 Department Head Budget Request: (continued) Town Manager Rodney C. Collins was respectively in attendance with Assistant Town Manager Wayne E. Taylor to address any initial questions regarding the budget and its meetings. It was noted that Department Heads responsively provided turn-backs at the close of FY2020 without jeopardizing essential needs. It is expected that all departments would make adjustments in wages with appropriate reductions for any turnover in personnel. Expense line items are anticipated to be level funded unless there is compelling justification for exception. Modification to wages will be reflective of settlements based upon contractual obligations. In normal process,turn-backs are deposited into Free Cash or Funds Available for Appropriation. Free Cash has provided the Town with financial stability, and a Triple AAA bond rating. Discussion followed. It was recommended that a spreadsheet be prepared to compare last year's actuals to identify year over year trends and certain departmental line items where increases were significant. There was a question regarding stability as it relates to fees such as licenses, seasonal rentals, recreational events and sticker sales, etc. an important part of the operational budget. Town Manager Rodney C. Collins indicated that revenue streams are continually analyzed, and there are no troubling areas foreseen for this year. However, in FY2022 there may be difficulties to confront. State Aid remains a concern. If the State does not provide the aid that is anticipated, there would be an obvious trickle-down effect. Reduced revenues may result in an increase in the tax rate or a reduction in services. Comcast Contract Negotiation: The renewal license between the Town and Comcast to construct, operate and maintain a Cable Television System within the Town of Mashpee is due to expire on August 22, 2021. The Town is in the process of forming a negotiating committee to negotiate the terms and conditions of a new contract. The Finance Committee was requested to designate a member to serve in this capacity. Finance Committee members John Miller and Gregory McKelvey offered to serve on the negotiating team. It is permissible to have two Finance Committee representatives. It is the consent of the Finance Committee for the representation with no objection. In this particular case the Town Manager would contact the individuals directly regarding meetings.