3/2/2020 BOARD OF SELECTMEN Minutes

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8 Board of Selectmen Minutes March 2, 2020 APPOINTMENTS & HEARINGS Presentation of Fiscal Year 2021 Cape Cod Technical High School Budget: Superintendent Robert Sanborn: (continued) The FY21 budget has risen by 2.76% or$15,504,000. In reviewing the past history, the FY20 budget was 0.96%. In FY19 the budget was 1.44% and in FY18, 1.89%. The majority of the 12 participating towns are financing the Cape Cod Technical School budget through Assessments; 80.4% with support from State Aid 17.4% and Local Revenue 2.2%. Teacher salaries comprise 35% of the budget. Insurance benefits comprise of I I% and retiree benefits amount to 5% of the budget. With regards to un-funded liability, Mr. Sanborn indicated that $150,000 is proposed to be funded this month, and in the next budget cycle $150,000 would be continuously added to the budget to fully fund OPEB liabilities in the next 28 years. Good strategy and policy has earmarked funding approximately $1.1 million to fund the future costs of retiree health insurance benefits. It was noted that retirees are compelled to take the advantage of Medicare at 65 years of age. The school was fortunate to have a 0% increase in Medical Insurance in FY21. In addition to salaries and benefits (76%), other drivers affecting the 2.76% increase include materials and services, utilities and transportation. With a new league, the athletic program requires more travel. This has resulted in an 8% increase in the transportation budget. The capital budget has increased by 3%. Mashpee's capital debt assessment is $487,847 in FY21. This has resulted in an increase of approximately $40,000 due to the increase in enrollment. To conform to the requirements of the Perkins Grant, the school conducts a post follow-up of the outcome of graduate students. Of thel37 graduates in 2018 the response rate was 119. The majority of students employed related to shop; 51%. Those seeking additional education comprise 38% of the ratio. Sixteen students are employed, but not related to shop and ten students have joined the military. A total of 84% of these students have stayed on Cape Cod. In reviewing the figures,the Board of Selectmen recommended to continue the study 3-4 years out, and determine the nature of the students housing. With regards to the construction of the new facility, it is anticipated the school would be complete in June with students attending in September. There have been very little change orders, currently amounting to 0.07% of the total cost of construction. This has been attributed to the builders and the architects. The school is a LEED silver and state of the art facility. New construction will allow for 1% solar with additional solar improvements added upon completion of the building to conform to MSBA requirements. The former school building is slated for demolition in July upon completion of the new school.