Finance Committee gets insights on the enterprise funds & approves fiscal policy revision (video)

The Franklin (MA) Finance Committee met as scheduled on Wednesday, Oct 21 in Council Chambers. All 9 members participated, 1 remotely.

Franklin TV for replay - https://www.youtube.com/live/6TyCyxQt1cw?si=CGwvJ7CY9zKzCm2L&t=219

The agenda for this session - https://www.franklinma.gov/AgendaCenter/ViewFile/Agenda/_10212026-2572 

Quick recap

• The DPW Enterprise funds (water, sewer, solid waste, & storm water) are separate from the general fund. These are all user based funds from fees for the service, and the expenses for those services are paid from these accounts. The accounts are set to maintain a balance for emergencies, and in some cases calculated to build the balance to offset the need for a rate increase
• Slides presented captured in this photo album https://photos.app.goo.gl/9K8Hgc8HUVjg3umw5
• Review & discussion of the 1Q budget to date report
• https://ma-franklin.civicplus.com/DocumentCenter/View/11317/5b-Local-Receipts-Enterprise-Revenues-Budget-to-Actual-Report-9-30-2026
• Review & discussion on the fee revenue generated by department
• https://ma-franklin.civicplus.com/DocumentCenter/View/11375/5c-FY-2026-Revenue-By-Departments-ONLY
• Review & discussion on the expense analysis by Department through 1Q FY 2027
• https://ma-franklin.civicplus.com/DocumentCenter/View/11376/5d-FY2026-Expense-Analysis-by-Departments
• Review & discussion on the FY 2027 budget tracker. Dept Management gets this report monthly, the Finance Committee gets this quarterly
• https://ma-franklin.civicplus.com/DocumentCenter/View/11384/September-FY27-Budget-Tracker

My notes in one PDF as captured during the meeting

https://drive.google.com/file/d/1OnhbqHca8MjRiJW7ysNjxepf0_wKYxGU/view?usp=drive_link