05/03/2021 Special Town Meeting - Laserfiche WebLink

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Explanation: This is a “clean-up” article to meet the requirement of reserving funds from the supplemental CPA FY 2021 Trust Fund distribution. The amount of FY 2021 state reimbursement received by the Town of Mashpee was $326,204 higher than the initial estimate and due to a surplus in the FY 2020 state budget. The initial estimate was based on an 11.2% reimbursement rate whereas a 33.3% reimbursement rate was actually received. We are required to set aside 10% of those excess funds and deposit them into each of the CPA reserves. Funding shall derive from the Community Preservation Budgeted for Appropriation Reserve. The Board of Selectmen recommends approval of Article 3 by a vote of 5-0 The Finance Committee recommends approval of Article 3 by a vote of 7-0 Motion made by Selectman O’Hara Motion passes unanimously at 7:23 PM Article 4 To see if the Town will appropriate and transfer from the Transportation Network Company Per Ride Assessment (TNC) Receipts Reserved Fund, the sum of $5,275 to the Department of Public Works Road Maintenance Account, or take any other action relating thereto. Submitted by the Finance Director Explanation: Under Chapter 187 of the Acts of 2016, certain transportation network companies must submit to the Transportation Network Company Division of the Department of Public Utilities (DPU), the number of rides from the previous calendar year that originated within each city or town and a per-ride assessment of $0.20. The assessment is credited to the Commonwealth Transportation Infrastructure Fund and each year, one half of the amount credited to the fund is distributed by the DPU to each city and town based on the number of rides that originated in that city or town. When received, the Town is required to deposit the funds into a special revenue receipts reserved account which must then be appropriated through a vote at town meeting. The amount requesting to be transferred represents three years of assessments. The Board of Selectmen recommends approval of Article 4 by a vote of 5-0 The Finance Committee recommends approval of Article 4 by a vote of 7-0 Motion made by Selectman O’Hara Motion passes unanimously at 7:23 PM