2017-Annual Town Report - Laserfiche WebLink

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• Revenue Available for Appropriation Report of the Unappropriated Cash Available (formerly free Finance Committee cash): $1,819,811 • Local non-tax Receipts: $3,150,000 To the Honorable Board of Selectmen and the • Receipts Reserved/Other Special Revenue Funds: Citizens of the Town of Mashpee: $1,954,766 The Finance Committee is a seven member • Amount to be raised by taxes; Tax Levy: volunteer board appointed by the Town Moderator. Its $43,335,349 function is to become familiar with the workings of the • Total Debt Exclusions: $1,353,414 Mashpee governmental operations, provide independent input to the Selectmen and Town Manager, The Finance Committee proposes no increase in but primarily to act in an advisory capacity to the the municipal tax rate of$9.08 per$1,000 of assessed voters on matters, which will come before them for property value. their vote at Town Meeting. Those registered voters who attend Town Meeting are,in essence,performing In March 2016, Mashpee was once again the function of the Legislative branch of our municipal assigned the bond rating of "AAA" by Standard & government. Poor's. Rationale for this high rating included in their report was a strong economy, strong management, The Charter of the Town of Mashpee adopted in strong budgetary performance and flexibility, strong 2004 specifically mandates that the Finance Committee reserves and a strong institutional framework. annually perform three specific functions: Finally, volunteer service to a community is a • Provide the voters with a "concise and readable desirable and essential component of municipal financial report" describing the revenues and government. Any resident of Mashpee that has consolidated expenses as part of the annual Town questions for the Finance Committee,please e-mail the operating budget. Finance Committee at fincom@mashpeema.gov. or through the Town web-site at www.mashpee.ma.gov. • Calculate a projected municipal tax rate resulting Finance Committee meetings are held on Thursday from the adoption of the Town budget. evenings and are generally televised on the local • Make recommendations to the voters at both the community station—Channel 18. May, as well as the October Town Meeting, on Respectfully submitted, each Warrant Article presented at Town Meeting, even if the Article has no financial impact. Michael Richardson,Chairman The Finance Committee members fully Jeffrey Pettengill, Vice-Chairman participated in the budget preparation processes leading Sylvester Ryan, ClerkChris Avis to the final Fiscal Year 2017 budget presented by the Gregory McKelvey Town Manager to the residents at the Town Meeting Philip McCahill held in May 2016. In its report to the residents, the David DelPonte (resigned) Finance Committee recommended Town Meeting Oskar Klenert (resigned) approval of the Town Manager's $55,646,031 budget, an increase of 1.7% over the FY16 final budget. The Committee also recommended approval of the Capital Improvement Program budget totaling$468,731. - It should be noted the FY 2017 Operating & Capital budgets are funded as follows: - • State Aid: $4 501 422 106