Franklin, MA: Finance Committee - Budget Hearing #4 - June 4

Town Of Franklin

Finance Committee Meeting

Tuesday, June 4, 2020 at 6:30 PM

Link to access meeting: https://us02web.zoom.us/j/89499275801
Call in Number: 1-929-205-6099 enter Meeting ID: 894 9927 5801 then press #

To view or download the FY21 Budget Message, Budget Proposal and all materials, please visit the Town’s Budget Website   https://www.franklinma.gov/town-budget/pages/fy2021-budget-materials

AGENDA

1. Call to Order
2. Public Comments
3. Approval of Minutes
4. FY21 Budget Presentations:

• Health 510/525 Human Services
• Council on Aging 541 Human Services
• Veterans 543/692 Human Services
• Library 610 Culture and Recreation
• Recreation 630 Culture and Recreation
• Historical Museum 690 Culture and Recreation 
• Historical Commission 691 Culture and Recreation 
• Cultural Council 695 Culture and Recreation 
• Cultural District Committee 695 Culture and Recreation 
• Debt Service 710/750 General Government
• Employee Benefits 910 General Government
• Liability Insurance 945 General Government

5. Final FY21 Budget Recommendation - Voting Document Appendix A

6. Capital Program Adjustments (Requested Vote of Recommendation)

7. Municipal Borrowing Authorization (Requested Vote of Recommendation)

8. Adjournment


Trust Fund Balances Update as of 4/30/20
● General Stabilization $ 6,137,832
● Recreation Fields 455,151
● Open Space Acquisition 2,349,513
● Budget Stabilization 6,583
● Free Cash 834,296
● Fire Truck Stabilization 309,733
● OPEB 5,833,461
● Property Acquisition 269,958 
OPEB Obligation as of 6/30/19 (PAYGO): 68,554,870

PDF of agenda   https://www.franklinma.gov/finance-committee/agenda/fin-com-agenda-2

Franklin, MA: Finance Committee - Budget Hearing #4 - June 4