FM #1761 - Franklin (MA) Finance Cmte Mtg - 06/03/26

This session shares the Finance Committee meeting conducted Wednesday, June 3, 2026. The Committee meeting opened with 8 members present, 1 remote. All votes were recorded via roll call.Quick recap:Motion to recommend the adjusted FY 2027 budget $ 179,284,565 which uses free cash of $1m plus Second Clarification on going from $2.1 to $1.1 for use of free cashPasses 9-0 via roll callResolution 26-27 MECC Stabilization Transfer to FY27 Operating BudgetSpecial purpose fundMoved, second, passes via roll call 9-0Resolution 26-28 Salary Schedule: Full Time Elected Official (Town Clerk)State law requires separate voteSo moved, second, passes 9-0 via roll callResolution 26-29 Expenditure Limits For FY27 on Departmental Revolving FundsState law requires, dedicated revolving funds for the purpose, expenses adjusted as needed So moved, second, passes 9-0 via roll callResolution 26-33 Capital Round 2ma-franklin.civicplus.comSo moved, second,Discussion on use of the auditors to provide some guidance on providing for the claims through June 30 but would be filed after July 1Need the cash and a plan for an "oops"Question on the code review for Parmeter, this was a recommendation from the Police Station Building Cmte in JanuaryQ on the Senior Center sprinkler system, vendor selection underwayNo money left for the fire truck? The bond anticipation note is in the budget, could be part of the free cash discussion next year Not really making capital investments with free cash, just buying time plugging holes here and there Motion to amend the resolution by the Parmenter code review and use that for fire truck stabilization account Amendment roll call passes 5 yes, 4 no Motion on the resolution as amended passes 8-1 via roll callResolution 26-34 Appropriation From Group Insurance Trust Fundma-franklin.civicplus.comSo moved, second, via roll call passes 9-0Resolution 26-35 Ambulance Transfer and Appropriationlead time is now 24 months, so the money already ready for it can place the order now for delivery laterSo moved, second, passes 9-0 via roll call Resolution 26-23 Community Preservation Fund: Annual Appropriation and ReservationSo moved, second, clarification on the allocation per state requirement Passes 9-0 via roll callResolution 26-24 on amended Project Slate from CPCSo moved, second discussion Q on municipal housing trust allocation from CPA Finally the vote passes 9-0 via roll callResolution 26-30 Snow & Ice Stabilization Transfer to Operating BudgetFY26So moved, second, passes 9-0 via roll call No FEMA funds expectedResolution 26-31 Capital FY26 Stormwater Enterprise Fund Appropriation Move $90k for asset management grantSo moved, second, via roll call passes 9-0Discussion on the stabilization account balances Any changes to it would be through the fiscal policy which determines the allocations from free cash Timings can affect the balances Audit report is coming in July due to Town Council and schedules and other itemsThe recording runs almost 3 hours, let’s listen--------------The Franklin TV video is available for replay - https://www.youtube.com/live/FR_5FicbhCM?&t=208 Agenda doc - https://www.franklinma.gov/AgendaCenter/ViewFile/Agenda/_06032026-2346 My Notes in one PDF - https://drive.google.com/file/d/1-xvjEmKCCw_H0m67ex_Dz4l5l6VsorYr/view?usp=drive_link -------------We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial. This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.How can you help?If you can use the information that you find here, please tell your friends and neighborsIf you don't like something here, please let me knowAnd if you have interest in reporting on meetings or events, please reach. We’ll share and show you what and how we do what we doThrough this feedback loop we can continue to make improvements. I thank