12/10/1992 FINANCE COMMITTEE Minutes

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11 MASHPEE FINANCE CICMMITTEE N E rM Mll`UrES DECEMBER 10, 1992 MEErIN= C C[+Il++ENCED AT 7:00 P.M. members Present: Deirdre Greelish, Chairperson; Dan Goggin; Denise Sullivan; Jahn Ferriday; Tony Gallo, Roger Dunivan, and Ed Baker. MINUIES The taping of this meeting is for the purpose of transcription only. This is not considered a permanent part of the record. Once the meeting minutes are approved, the tapes will be reused. Dan Goggin MIMCNED to accept the minutes of November 18, 1992. Roger Dunivan seconded the motion and the members voted 5-0 in favor of approving the minutes, Ed Baker and Tbny Gallo abstaining. Robert L. Mritenour, Jr., Executive Secretary, was present at the meeting to discuss a packet sent to all departments for the fiscal year 1994. The packet consisted of FY94 Budget Materials and Instructions. Mr. Whritenio r also had an Analysis of Available Revenues to review with the camnittee. Mr. Whritenour explained that at that time he, as well as the Board of Selectmen, had completed preliminary revenues and that they had asked departments to prepare their FY94 budgets. Members reviewed the Analysis of Available Revenues. $1,120,028 was the estimated net revenue from the state. The total non-property tax, local revenue was $2,035,000. The projected FY94 local property tax was $15,608,492. The total of all revenues projected for FY94 is $18,763,520. Mr. Whritenaur explained that without free cash the town has $63,257 over what they need in FY93. He explained that the town will need $85,000 for group health insurance alone. The cranberry bogs were mentioned and Mr. Whritenour stated that he was hoping to rebuild and get a better cranberry. The school addition was also mentioned and Mr. Whritenour stated that he would like to see the town bond now for the addition because the rates are the lawest that they have been in 25 years. He mentioned that he met with the Building CSmuttee and they know exactly what they need for the addition.