2015-Annual Town Report - Laserfiche WebLink

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Committee Mission To responsibly research and implement renewable Report of the energy projects, while continuing to improve energy Finance Committee efficiency across all aspects of Mashpee government. Major Activities of 2015 To the Honorable Board of Selectmen and the Successful application for Green Community Citizens of the Town of Mashpee: funding in the amount of $163,537 for energy efficiency projects at the K.C.Coombs School The Finance Committee is a 7 member volunteer board appointed by the Town Moderator. Its function • Continued maintaining a detailed accounting of is to become familiar with the workings of the Mashpee municipal energy usage information govemmental operations,provide independent input to • Continued to work towards an organized the Selectmen and Town Manager,but primarily to act approach to public outreach concerning energy in an advisory capacity to the voters on matters,which efficiency for taxpayers (66 private homes were will come before them for their vote at Town Meeting. built to the energy code in Mashpee in 2015, up Those registered voters who attend Town Meeting are, from 41 in 2014) in essence, performing the function of the Legislative • Continue to implement energy efficiency projects branch of our municipal government. using Cape Light Compact programs The Charter of the Town of Mashpee adopted in • Mashpee's local government, residents and 2004 specifically mandates that the Finance Committee businesses are taking advantage of Cape Light annually perform three specific functions: Compact efficiency programs every year, with approximately $1,200,000 paid to Mashpee Provide the voters with a "concise and readable customers in rebates and incentives in 2015 financial report" describing the revenues and consolidated expenses as part of the annual Town Goals for 2016 operating budget. • Secure additional funding from Green Calculate a projected municipal tax rate resulting Community Program for additional energy from the adoption of the Town budget. efficiency projects • Make recommendations to the voters at both the • Continue to implement efficiency projects using May, as well as the October Town Meeting, on Cape Light Compact programs each Warrant Article presented at Town Meeting, • Exceed prior year's allotment of rebate and even if the Article has no financial impact. incentive money for Mashpee residents and The Finance Committee members fully businesses from Cape Light Compact participated in the budget preparation processes leading Respectfully submitted, to the final FY16 budget presented by the Town Manager to the residents at the Town Meeting held in Thomas Mayo May 2015. In its report to the residents, the Finance Catherine Laurent Committee recommended Town Meeting approval of Rodney Collins the Town Manager's $55,195,831 budget,an increase of 2.3% from the FYI final budget. The Committee also recommended approval of the Capital Improvement Committee's budget totaling$738,014. C It should be noted that FY16 budget broke out as } follows: ` State Aid: $4,564,512 Net. , I r Revenue from free cash: $2,167,804 • Total receipts local and other: $5,109,721 100