Sunday, November 3, 2024

Town of Franklin: Finance Committee agenda for meeting Wednesday, Nov 6 at 7 PM

Finance Committee Meeting 
Agenda & Meeting Packet 
Wednesday, November 6, 2024 - 7:00 PM 

Meeting will be held at the Municipal Building
2nd floor, Council Chambers 355 East Central Street

Agenda

1. Call to Order

2. Annual Election of Officers
a. Chair
b. Vice-Chair
c. Clerk

3. Public Comment
a. Citizens are welcome to express their views for up to three minutes on a matter that is not on the agenda. In compliance with G.L. Chapter 30A, Section 20 et seq, the Open Meeting Law, the Finance Committee cannot engage in a dialogue or comment on a matter raised during Citizen Comments. The Finance Committee may ask town staff to review the matter. Nothing herein shall prevent the town staff from correcting a misstatement of fact.
 
4. Approval of Minutes
a. May 6, 2024  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/2024-05-06_finance_committee_meeting_minutes_-_google_docs.pdf
b. May 8, 2024  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/2024-05-08_finance_committee_meeting_minutes_-_google_docs.pdf
c. May 15, 2024  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/2024-05-15_finance_committee_meeting_minutes_-_google_docs.pdf

5. Town Administrator Recommendation on FY25 Budget Adjustment
a. Town Administrator Memo  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/5a._-_memo_-_fy25_budget_adjustment_and_reconciliation_-_google_docs.pdf 
b. FY25 Budget Voting Resolution  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/5b._-_24-xx_general_fund_appropriation_transfers_and_adjustment_fy25_-_google_docs.pdf
c. FY25 Q1 Year to Date expense report  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/5c._ytd_budget_expenditures_q1_fy2025.pdf 
d. FY25 Q1 Local Receipts report  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/5d._local_receipts_enterprise_revenues_budget_to_actual_report_september.pdf

6. The Bill Dowd “Deep Dive” Series
a. Town and School Finance and Human Resources organization restructure  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/6._a_-_finance_org_chart_-_10-31-24.pdf

7. Standing Updates:
a. FY24 Preliminary Expense Recap & Local Receipts year-end report  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/memo_-_standing_updates.pdf
b. Stabilization Account Report  
https://www.franklinma.gov/sites/g/files/vyhlif10036/f/uploads/7b._stabilization_fund_balances_-_three_year_comparison.pdf

8. FY26 Budget Model and Fiscal Forecast Update

9. Future Agenda Items/Next meeting
a. December 11th, 2024 or Joint Budget Subcommittee
b. January meeting will review FY25 Capital plan

10. Finance Committee Member Comments

11. Adjourn

The agenda doc also includes remote participation info ->

Town of Franklin: Finance Committee agenda for meeting Wednesday, Nov 6 at 7 PM
Town of Franklin: Finance Committee agenda for meeting Wednesday, Nov 6 at 7 PM

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