07/26/1994 FINANCE COMMITTEE Minutes

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MASHPEE FINANCE COMMITTEE MEETING MINUTES JULY 26, 1994 JOINT MEETING COMMENCED AT 7:10PM Members present: Dan Goggin, Chairman; Marcia King, Vice Chairman; John Ferriday; Juan Bacigalupi; Tony Gallo and Denise Sullivan. School Committee Members present: Lincoln DeMoura, Superintendent; Maryanne Gibbs, Chairman; Steve Paxton; Elizabeth Petti; Janice Mills and David Consalvi. Please note for the record that the taping of this meeting was for the transcription of the Minutes only. Once the Minutes are approved, the tapes will be reused. MINUTES Marcia King MOTIONED to accept the Minutes of June 28, 1994. , Juan Bacigalupi seconded the Motion and members voted in approval of the Minutes as written 4-0. Tony Gallo and Denise Sullivan abstaining. There were four items on the agenda to discuss. The first item being the projected enrollments for 1994-1995. Dr. DeMoura explained that they were expecting approximately 100 more students in k-8. There is 150 students enrolled to date. Mr. Goggin asked if these projections were updated and how often? Dr. DeMoura answered that these were actual figures and not projections. Copies were handed out to the Finance Committee members with the enrollment figures by building and grade as of October 1, 1993 . The second item discussed was the Finance Committee's Long Range Plan. Dr. DeMoura indicated that the Finance Committee put a lot of work into the Plan and that the School Department's budget finally approved was the number in the Long Range Plan. Dr. DeMoura asked if they were intending on using the Long Range Plants number for the proposed School's budget in FY96? Mr. Goggin responded that the Finance Committee has not updated the Long Range Plan, but that they would review to see if the figure was appropriate and also review each department. Dr. DeMoura mentioned that it would be very helpful to the School Committee if a number could be identified before the holidays. He explained that a lot of work was involved in their budgeting also. Mr. Goggin also mentioned that the Finance Committee also intended- to learn the formula for the Education Reform Act and see where Mashpee stands. The third item discussed was capital needs. Dr. DeMoura asked the Finance Committee to discuss the possibility of the School placing their capital needs in a separate line item. For example, the school needs to replace a van for Special Needs. Ms. Gibbs mentioned that if the Finance Committee agreed to placing capital needs in articles, the funds allocated would need to be used for exactly what was approved. Mr. Goggin responded that the Finance