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l o1 1111 U fC <br /> i• <br /> P. 0. BOX 1108 <br /> MASHPEE. MA 02649 <br /> FINANCE CONNITZEE <br /> FINANCE COMMITTEE MINUTES <br /> Town Hall. <br /> March 13 , 1989 <br /> Present : Carole Dunivan , John Ferriday , Carl Heller and William <br /> Towner <br /> The Finance Committee meeting convened at 7 p . m . This <br /> was a joint meeting with Selectmen , Hanson , Gottlieb , Carter , ..--.-.:,---. . <br /> Jacobs and Lawrence and the Executive Secretary Joseph Murphy . <br /> Joe distributed a Summary of Estimated Revenue and a Summary of <br /> Estimated Expenditures-FY90 as follows : <br /> Summary of Estimated Revenue <br /> FY89 levy limit $8 , 956 , 145 <br /> Statutory 22 increase 223 , 904 <br /> New Growth ( est . $60 million) 724 , 800 <br /> State aid ( Level funding) 1 , 766 , 433 <br /> Local revenue <br /> estimated receipts 1 , 300 , 000 <br /> inter-govt . transfers <br /> transfers <br /> free cash 125 , 164 <br /> operating budget 45 , 867 1 , 471 , 031 <br /> $13 , 142 , 313 <br /> Summary of Estimated Expenditures <br /> FY90 <br /> Operating budgets requested by <br /> departments including debt <br /> within 24 $14 , 012 , 424 <br /> State/County assessments 111 , 140 <br /> Overlay/Tax Title <br /> Mandated Expenditures of state aid 646 , 361 <br /> Capital budget 957 , 270 <br /> $15 , 727 , 195 <br /> Joe noted that the Finance Committee must "find " approximately <br /> 22 million dollars . He also noted that there is some duplication <br /> in the omnibus . budget and also some incorrect figures . <br />