03/25/2019 BOARD OF SELECTMEN Agenda Packet

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I 11V ' WARUZANTNioe 18 1)1 A�_ MAY 2019 S III"CIL,A &,AN N(JA 1, 'I'MV N MFf, 4j Explanation: This article is to appropriate funds for the FY 2020 capital budget. The Board of Selectmen recommends approval of Article 3 by a vote of HOLD The Finance Committee recommends approval of Article 3 by a vote of HOLD Article 4 To see if the Town will vote to approve the annual regional school district budget for the Cape Cod Regional Technical High School District for the fiscal year beginning July 1, 2019, in the amount of $15,087,000, and further, to see if the Town will vote to raise and appropriate the sum of $1,037,767 to meet its share of the cost of operation and maintenance of the Cape Cod Regional Technical High School District for the fiscal year beginning July 1, 2019, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: Mashpee's share of the Cape Cod Regional Technical High School budget is $1,037,767.There are 49 students from Mashpee at the Cape Cod Regional Technical High School, a decrease of 4 students from last year. The Board of Selectmen recommends approval of Article 4 by a vote of 4-0 The Finance Committee recommends approval of Article 4 by a vote of 6-0, Article 5 To see if the Town will vote to approve the regional school district debt assessment for the Cape Cod Regional Technical High School District Building Project for the fiscal year beginning July 1, 2019,in the amount of$7,732,364, and further,to see if the Town will vote to raise and appropriate the sum of$611,150 to meet its share of the cost of debt for the Cape Cod Regional Technical High School District Building Project for the fiscal year beginning July 1, 2019, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: Mashpee's share of the Cape Cod Regional Technical High School debt for the Cape Cod Regional Technical High School Building Project for Fiscal Year 2020 is$611,150. The Board of Selectmen recommends approval of Article 5 by a vote of 4-0 The Finance Committee recommends approval of Article 5 by a vote of 6-0 Article 6 To see if the Town will vote to appropriate and transferthe sum of$250,000 from revenue available for appropriation to the Other Postemployment Benefits Irrevocable Trust Fund, or take any other action relating thereto. Submitted by the Board of Selectmen Explanation: This article will add funds to the OPEB Irrevocable Trust Fund which was established in FY 2013 to assist the Town with meeting its potential post-employment benefits obligation. The Board of Selectmen recommends approval of Article 6 by a vote of 4-0 The Finance Committee recommends approval of Article 6 by a vote of 6-0 Article 7 To see if the Town will vote to appropriate and transfer the sum of $1,381,680 from revenue available for appropriation, to be deposited into the Capital Stabilization Fund, or take any other action relating thereto. Submitted by the Board of Selectmen