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5. <br /> Ms. Greelish mentioned that the Committee was now $61,000 short. <br /> The Selectmen were presently $35,000 short. The Committee agreed <br /> to change their figure in the Reserve/Appropriation Account to <br /> $527,487 from $467,487. The also agreed to change the Abatement <br /> Reserve to $387,000 from $450,000. These changes would put them in <br /> balance. <br /> CAPITAL REQUESTS <br /> The Committee discussed the two yard loader purchase. Ms. Greelish <br /> asked if the Committee felt it essential to buy the loader this <br /> year? Mr. Goggin mentioned that the Committee needed to find out <br /> when and if the payments were going to be made annually. If the <br /> Town decided to lease the loader, it would cost them 17% annually <br /> and/or $17,000 in interest. It did not make financial sense to <br /> lease rather than purchase. <br /> Mr. Goggin and Ms. Greelish had drafted the Message to the Voters <br /> to be distributed at Town .Meeting. The Committee reviewed the <br /> message and agreed to make some changes, but that the majority of <br /> the letter was fine and should be handed out. The Committee agreed <br /> that the message should contain a mention of frugality, due to the <br /> new high school being built. Ms. Greelish also mentioned that she <br /> would include the graph and the document entitled, "where the money <br /> is going" . Also included would be a table detailing a "Five Year <br /> Trend", <br /> Brad Caffyn entered the meeting at 9:50PM to discuss what he and <br /> many other volunteers were doing for Mashpee's Herring. Marcia <br /> King left the meeting at 10:OOPM. Ms. Greelish stated that the <br /> Finance Committee has in the past approved money which is not being <br /> spent. Mr. Caffyn explained that he is working very hard to try <br /> and change that. There are many concerned citizens putting in many <br /> volunteer hours to make sure that the Herring Runs will be taken <br /> care of. He was not there to ask the Finance Committee to approve <br /> any more money, but to just ask for their positive support as to <br /> what the volunteers are trying to do for the Town at the up and <br /> coming meeting. <br /> Finance Committee members agreed to leave the meeting at 10:10PM. <br /> The meeting will reconvene at 6:30PM on Monday evening. At that <br /> time, the Committee will clear up any last minute details and get <br /> themselves ready for the meeting. Minutes were submitted by Jean <br /> M. Mooney, Recording Secretary. <br />