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2 <br /> Mashpee Finance Committee-Select Board <br /> Minutes <br /> October 12, 2023 <br /> Present: Jeffrey Pettengill,Darlene Furbush,Lee Smith, Greg McKelvey,Jamie Schuh, <br /> Glenn Thompson,Richard Weiner <br /> Meeting Called to Order by Chairman Pettingill at 6:31 p.m. <br /> Mashpee Town Hall, Waquoit Meeting Room <br /> Joint Meeting with the Select Board <br /> Present: Selectman John J. Cotton, Selectman Thomas F. O'Hara, Selectman Carol A. Sherman, <br /> Selectman David W. Weeden, Selectman Michaela Wyman-Colombo <br /> Town Manager Rodney C. Collins <br /> Assistant Town Manager Wayne E. Taylor <br /> Meeting Called to Order by Chairman Cotton at 6:31 p.m. <br /> Mashpee Town Hall, Waquoit Meeting Room <br /> NEW BUSINESS <br /> Discussion and Possible A al rovalMofmFundi Options,for Article 1 of the October 16,2023 <br /> Annual Town Meetj arrant: <br /> Honorable members of the Select Board and Finance Committee met in joint convention for the <br /> purpose of reviewing and approving possible funding options for Article 91 of the October 16, <br /> 2023 Annual Town Meeting warrant. <br /> Article#1 as drafted would appropriate the sum of$7,500,000 for the planning and design of <br /> wastewater collection,treatment and effluent recharge initiatives authorizing the Treasurer to <br /> meet this appropriation by borrowing said amount. The appropriation and debt authorization are <br /> contingent upon the successful passage of a debt exclusion ballot question. <br /> The Select Board and Finance Committee voted unanimously on the wastewater project as <br /> identified. Funding for the Phase II Wastewater Design/Engineering in the amount of$7,500,000 <br /> is anticipated to derive from Revenue Available for Appropriation(formerly known as Free <br /> Cash). <br /> Town Manager Rodney C. Collins outlined the FY 2024 Certified Free Cash analysis as presented <br /> by his Financial Team. <br /> The FY 2024 Certified Free Cash is $15,302,463. <br /> Assuming there are no additional articles requiring funding at the October Town Meeting it is <br /> anticipated the Free Cash would be utilized to fund the Phase II Wastewater Design/Engineering; <br /> $7,500,000 and Godfrey Road/Barbary Circle Road Engineering; $20,000. <br />