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I <br /> &[1111 of <br /> c flingl1pee <br /> �r <br /> P. O. BOX 1108 <br /> 157AB�EC0..' MASHPEE, MA 02649 <br /> w cE CGNMITT'EE <br /> FINANCE COMMITTEE MINUTES <br /> Town Hall <br /> March 9 , 1989 <br /> Present : Edward Dolan , Carole Dunivan , John Ferriday , Carl Heller <br /> and William Towner <br /> The Finance Committee commenced at 7 p . m . The Executive <br /> Secretary joined the meeting . The 53rd week pay for the elected <br /> officials will be put in the omnibus budget . Carl would like <br /> to see it labeled "53rd Week Reconcilliation" and have it all <br /> listed in one place . <br /> Joe distributed a Summary of Estimated Revenue . The <br /> figures were as follows : <br /> FY89 levy limit 8 , 956 , 145 <br /> Statutory 22 increase 223 , 904 <br /> New Growth 724 , 800 <br /> State aid ( level funding) 1 , 766 , 433 <br /> Local revenue <br /> estimated receipts 1 , 300 , 000 <br /> inter-gov ' t transfers <br /> free cash 125 , 164 <br /> operating budget 45 , 867 <br /> Debt exclusions previously <br /> voted 1 , 911 , 092 <br /> $15 , 053 , 405 <br /> Joe noted that this $15 , 053 , 405 does not include capital <br /> expenditure , it is basically the money we have to run the town on . <br /> The expenditures that need to be financed include : <br /> Operating budget 14 , 0833 , 328 <br /> Debt service 694 , 378 <br /> State/County assessments 111 , 140 <br /> Overlay/tax Tile 646 , 361 <br /> F <br /> $15 , 535 , 207 <br /> Joe noted that the $1 , 911 , 092 in Debt exclusions was really a <br /> "wash" making the total revenue estimate $13 , 142 , 313 . This means <br /> that the Finance Committee must "find" approximately $2 , 392 , 894 . <br /> Some of this can be cut from the omnibus budget . <br />