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<br />Finance Committee <br />Minutes <br />February 15, 2024 <br /> <br /> <br />Present: Chair, Jeffrey Pettengill, Clerk, Lee Smith, Greg McKelvey, Jamie Schuh, Glenn Thompson <br /> <br />Attendees: Rodney Collins, Town Manager <br />Wayne Taylor, Assistant Town Manager <br />Dawn Thayer, Director of Finance/Town Accountant <br /> <br />Absent: Vice-Chair, Darlene Furbush <br /> Richard Weiner <br />CALL TO ORDER <br />Meeting called to order in open session by Chair Pettengill in the Waquoit Meeting Room at the Mashpee Town <br />Hall, 16 Great Neck Road North, Mashpee, MA at 6:30pm. <br /> <br />PLEDGE OF ALLEGIANCE <br />MOMENT OF SILENCE <br />PUBLIC COMMENT <br />None at this Time. <br />MINUTES <br />Discussion and approval of Thursday, February 1, 2024 Finance Committee meeting minutes. <br />A motion was made by Lee Smith to approve the minutes of the February 1, 2024 Finance Committee <br />meeting. <br />Motion seconded by Jamie Schuh. <br />Motion passed by Unanimous Consent. <br /> <br />APPOINTMENTS & HEARINGS <br />N/A <br />COMMUNICATIONS & CORRESPONDENCE <br />N/A <br />OLD BUSINESS <br />None at this Time. <br />NEW BUSINESS <br /> <br />1. Town Manager Presents FY2025 Budget Recommendations. <br />Mr. Collins distributed his proposed recommended operating budget along with the preliminary Capital <br />Improvement Program requests. <br />He stated that the original requested budget total was $75,235,412 and the recommended budget, as submitted <br />is $73,689,075. An increase of approximately 4.9%. The original budget request was reduced by approximately <br />$1.6 million. <br />He said some of the driving factors are fixed costs. The intent was to try and maintain level services in this <br />proposed budget. Electricity costs are anticipated to increase by 52%, natural gas supply decreased. <br />Wastewater anticipated initial flow was to commence in January 2025 with full operation by July of 2025 and <br />after consulting with Weston and Sampson the original budget request was reduced by $420,000. <br />Cape Cod Tech is increasing Mashpee’s assessment by 16.4% due to 5 additional students. <br />Veteran’s Services final budget is pending. <br />Medical Insurance is increasing by 8%. <br />Current net state aid figures reflect a decrease of 2.2%. <br />1 <br /> <br /> <br />