FM #1761 = This is the Franklin Matters radio show, number 1761 in the series.
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 cash
Passes 9-0 via roll call
Resolution 26-27 MECC Stabilization Transfer to FY27 Operating Budget
Special purpose fund
Moved, second, passes via roll call 9-0
Resolution 26-28 Salary Schedule: Full Time Elected Official (Town Clerk)
State law requires separate vote
So moved, second, passes 9-0 via roll call
Resolution 26-29 Expenditure Limits For FY27 on Departmental Revolving Funds
State law requires, dedicated revolving funds for the purpose, expenses adjusted as needed
So moved, second, passes 9-0 via roll call
Resolution 26-33 Capital Round 2
ma-franklin.civicplus.com
So 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 1
Need 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 January
Q on the Senior Center sprinkler system, vendor selection underway
No 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 call
Resolution 26-34 Appropriation From Group Insurance Trust Fund
ma-franklin.civicplus.com
So moved, second, via roll call passes 9-0
Resolution 26-35 Ambulance Transfer and Appropriation
lead time is now 24 months, so the money already ready for it can place the order now for delivery later
So moved, second, passes 9-0 via roll call
Resolution 26-23 Community Preservation Fund: Annual Appropriation and Reservation
So moved, second, clarification on the allocation per state requirement
Passes 9-0 via roll call
Resolution 26-24 on amended Project Slate from CPC
So moved, second discussion Q on municipal housing trust allocation from CPA
Finally the vote passes 9-0 via roll call
Resolution 26-30 Snow & Ice Stabilization Transfer to Operating BudgetFY26
So moved, second, passes 9-0 via roll call
No FEMA funds expected
Resolution 26-31 Capital FY26 Stormwater Enterprise Fund Appropriation Move $90k for asset management grant
So moved, second, via roll call passes 9-0
Discussion 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 items
The recording runs almost 3 hours, let’s listen
Audio link - https://franklin-ma-matters.captivate.fm/episode/fm-1761-franklin-ma-finance-cmte-mtg-06-03-26/
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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
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The music for the intro and exit was provided by Michael Clark and the group "East of Shirley". The piece is titled "Ernesto, manana" c. Michael Clark & Tintype Tunes, 2008 and used with their permission.
I hope you enjoy!
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