2022-Annual Town Report - Laserfiche WebLink

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• Work constructively with other boards and essence, performing the function of the Legislative committees,and other interest groups in the town, branch of our municipal government. to create solutions that help businesses,residents, and the people who work here. The Town of Mashpee's Charter,adopted in 2004, specifically mandates that the Finance Committee • Find ways to attract a diversity of businesses to annually perform three specific functions: the Town,and work with existing businesses that want to expand. Provide the voters with a "concise and readable • Continue to streamline the process for starting a financial report' describing the revenues and new business or bringing an existing company to consolidated expenses as part of the annual Town Mashpee. operating budget. • Continue to work closely with the Board of • Calculate a projected municipal tax rate resulting Selectmen and the Cape Cod Commission toward from the adoption of the Town budget. a global economic development strategy. • Make recommendations to the voters at both the • Continue to work with surrounding communities May and October Town Meeting on each Warrant on regional partnership opportunities and Article presented at Town Meeting, even if the initiatives that attract good paying jobs to the Article has no financial impact. Upper Cape. The Finance Committee members fully The FDIC thanks Town Manager Rodney Collins participatedi n thebudgetpreparation processes leading and the Board of Selectmen for their support. to the final fiscal year2023 budget presented by theTown Manager to the residents at the Town Meeting We are proud to say that Mashpee is open for held in May 2022. Supplemental modifications to the business! FY2023 Operating Budget were made at the October 2022 Town Meeting. Respectfully submitted, In its reports to the residents, the Finance Carol Sherman,Chairperson Committee recommended Town Meeting approval Robyn Simmons of $66,255,198 for the operating budget. The Denise Dutson Committee also recommended approval of the Capital Pamela McCarthy Improvement Program budget totaling$1,385,740. Glenn Thompson It should be noted the FY 2023 Operating & Patrice Pimental Capital budgets are funded as follows: Rick Cayer • State Aid: $3,845,147 • Revenue Available for Appropriation Unappropriated Cash Available (formerly free cash): Operating Budget: $1,695,112 Report of the • Local non-tax Receipts: $4,600,000 Finance Committee • Receipts Reserved/Other Special Revenue Funds: $1,491,407 • Amount to be raised by taxes;Tax Levy: To the Honorable Board of Selectmen and Citizens of $54,580,132 (Plus Debt Exclusions) the Town of Mashpee: • Capital Stabilization(Capital Budget): The Finance Committee is comprised of seven $1,385,740 volunteer members. All are appointed by the Town • Transfer from Wastewater Stabilization Moderator. Its function is to become familiar with (Operating Budget): $43,400.00 the workings of the Mashpee governmental operations, • Total Debt Exclusions: $1,469,552 and provide independent input to the Select Board and Town Manager, but primarily to act in an advisory The Finance Committee projected a decrease in the residential tax rate to $7.53 per $1,000 of assessed capacity to the voters on matters, which will come b property value from the actual FY2022 tax rate. As before them for their vote at Town Meeting. Those r a result of the implementation of the Residential registered voters who attend Town Meeting are, in 115