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NO Snow& Ice deficit as of today; we had estimated a deficit of$300,000, so if all stays the same, <br /> that amount will remain as available free cash. <br /> We could decrease the amount to deposit into the OPEB account by$100,000. This would still add <br /> $150,000 to the acCou nt. <br /> Department turn backs for FY 2020 will be significant for our future reserves. They are certified as <br /> Free Cash and Will help with providing financial flexibility in upcoming fiscal years. Hopefully building <br /> closures will reduce energy costs and if departments attempt to limit expenditures to only those <br /> absolutely necessary,this may help with increasing the amount of-tum backs. <br /> If we were to come into serious financial difficulties:as a last resort,we could turn to our Stabilization <br /> Fund, which has a balance of a little over$5 million. Of course, this fund will probably take a hit on <br /> investment eamings/interest but k still provides for*a significant amount of reserves if absolutely <br /> necessary. <br /> 1. Indefinitely postpone nonessential articles for FY 2021 Town. Meeting to October Town <br /> Meeting. <br /> 2. Use 2 million dollars of free cash for FY 2021, instead of 1.5 Million., <br /> 3. Review Current-Budget Recommendations. <br /> 1. Hiring Freeze <br /> 2. Strategic Budget Reductions. <br /> 3. Zero percent COLA's for bargaining units with yearly contract renewals <br /> Summarv: <br /> As noted previously, we expect the Town of Mashpee,to face significant financial challenges in the <br /> future however, due to our fiscally conservative approach to budgeting, we are hopeful that through a <br /> collaboration of efforts,we WILL weather this storm. The impact of services provided to our taxpayers II <br /> as well as the ways in which we can ease their financial burden will be kept in the forefront of any <br /> decisions and/or recommendations made by the Financial Team. <br /> 0 Page 3, <br />