11/07/2005 BOARD OF ASSESSORS Minutes

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TOWN OF MASHPEE BOARD OF ASSESSORS Minutes of the Meeting of Monday, November 7, 2005 Board Members Present: ' Also Present: Jason Streebel, bhairman John Duffy, Director of Assessing Marcia ping, Clergy Chairman Jason Streebel called the meeting to order at 7:24 PITA. The purpose of the meeting was to consider rescinding the vote by the Board of Assessors on August 30, 2005, which approved the release of$125,000 from the Overlay Surplus Reserve Account. i John Duffy reported on receipt of a memo from Dawn Thayer, Acting Town Accountant, dated 11/04105. The memo stated that at the J u ly 61 2005 Board of Assessors rn a ng, the Board voted to release $125,000 to the Overlay Surplus Reserve Account. At the October 17, 2005 Annual Town Meeting, the Town voted to appropriate and transfer$75,000 from the Overlay Surplus Reserve Account to the Assessors Revaluation expense account. This leaves a balance of$50,000 in the Overlay Surplus Reserve account. If the original vote releasing $125,000 is not amended, and the$50,000 balance is not expended at the May Special Town Ilebrig, the $50,000 will then become part of the certified Free Cash for FY 2006. By amending the July 6, 2005 vote down to$75,000, the additional$50,000 remains in the Provision for Abatement accounts and will not available for appropriation at the May Special Town Meeting. John Duffy reported further on potential deficits that could he occurring in certain previous years Overlay Surplus Accounts(see Attachment A for list of Potential Deficit Amounts).' Town Counsel advised John Duffy than there are additional abatements dating as far back as 1089 which have not been addressed. John Duffy stated that the Assessors Office does not want to be raising deficits on the recap sheet if at all possible. Marcia #King made a motion that the Board of Assessors rescind the vote of August 30, 20053 which approved the release of$125,000 from the Overlay Surplus Deserve Account. Jason Streebel seconded the motion. All approved. Marcia King made a motion to release$75,000 from the Overlay Surplus Reserve erve Account to be applied as follows: FY 00 $20,00.6 FY 02 $ L . 7 TOTAL`: $751000.00 Jason Streebel seconded the motion. All approved. The above approved motions result in a remainder of$50,000 in the Provision for Abatement Accounts, which will not be available for appropriation at the May 2006 Special Town Meeting.