11/23/1998 SELECT BOARD Minutes - Laserfiche WebLink

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Board of Selectmen Minutes November 23, 1998 Present: Selectman Marsters, Selectman Frye, Selectman Taylor, Selectman Caffyn, Selectman Leveille Executive Secretary Robert Whritenour Assistant to the Executive Secretary Joyce Mason Meeting Called to Order by Chairman Marsters at 6:00 p.m. Town Hall, Conference Room#1. APPOINTMENTS AND HEARINGS: Joint Meeting- School Committee and Finance Commiftee: The Board of Selectmen met jointly with members of the Mashpee School Committee and Finance Committee for the purpose of reviewing the FY2000 budget, and school facilities needs program. Mr. Whritenour,Executive Secretary presented a financial analysis of available revenues for appropriation. (enclosed) Discussion followed with respect to potential sources of funding to offset the educational budget. It was noted that two hundred new students are anticipated to attend Mashpee schools next fiscal year. Mr. Whritenour indicated that approximately$1.2 million in additional funds will be available to appropriate to the School Department's FY2000 budget. The Town appropriated the sum of$11.6 million to the school budget in fiscal year 1999. The use of the stabilization fund was discussed as a source to offset the school budget. Finance Committee member, Sidney Golub related concern with respect to the use of stabilization funds for this purpose. He suggested that 5-10% of the Town's operating budget be reserved in stabilization. It was noted that the School Committee is presently re-negotiating contracts at this time. Preliminary estimates reflect an initial budget request of$14.4 million. Mr. Whritenour indicated that he will submit a full budget calendar to the Selectmen. Department Heads are expected to submit their budget requests in early January. A tentative joint meeting has been scheduled for January 20th to to continue the budget process which is anticipated to be completed in mid-March.