Friday, April 20, 2012

Franklin, MA: FY 2013 budget documents

When you start a budget, you need to know what revenues you expect to have. For your household, the revenue number would be your expected annual salary (i.e. take home pay). This document walks through the sources of Franklin's expected revenue for FY 2013.

Recall that FY 2013 will begin on July 1 and run through Jun 30, 2013. We are currently operating in FY 2012 which began on July 1, 2011 and will complete on Jun 30, 2012.

The Franklin, MA expected revenue for FY 2013:

Franklin Budget Revenues FY2013

With the revenue number to work with for FY 2013, each department goes through their budget to determine what they will need to operate with for the coming year. The capital requirements are separated and were recently approved by the Town Council. This is the operational budget at a summary level for each line of the budget.

The Finance Committee will review the budget at a detail level with each department manager. This detail review occurs over the course of several meetings. The department manager makes their recommendation, the Town Administrator makes his recommendation (which may differ) and the Finance Committee approves of their version (which may be the same as the Town Administrators or differ in some aspects).

This set of recommendations is what the Town Council will review in their two budget hearings currently scheduled for May 23 and 24. The budget total is voted on and becomes effective July 1, 2012.

The Franklin, MA proposed FY 2013 budget:

Franklin Budget Voting FY2013

Note that at the time the Franklin budget was put together, the School Dept had not yet submitted their budget. The place holder that was included 52,710,000 fortunately comes out to be exactly the number the School Dept appears to be bringing forward. I say appears to be as this document is up for discussion by the School Committee and they may make some changes before it goes to the Finance Committee and Town Council.

The School Dept budget as proposed for review by the School Committee:


You can also view or download these docs from the Franklin Matters Google doc folder
FY 2013 Expected Revenues

Franklin Budget

School Budget

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