Mr Sullivan discusses the accounting for the Medicaid reimbursement which even after the transfer of some expenses to other accounts still has a deficit. He summarizes the total deficit as
Attrition impact - $200,000
Medicaid double posting - $300,000
Athletics revenue deficit - $150,000
Insurance deficit - $195,000
Tuition deficit - $671,898
Total - $1,516,898
Appropriation surplus - ($662,296)
Final deficit - $854,602
This section includes questions and comments with Bartlett, Feeley, Nutting, and Susan Gagner - Town Comptroller.
Time: 6 minutes, 15 seconds
MP3 File
Saturday, January 12, 2008
Mr Sullivan - Part 3 (audio)
Mr Sullivan reviews the details of accounting for attrition. Attrition is expected. School departments can take advantage of it. Franklin had used anticipated savings in attrition to help prepare the budget up until Fiscal 2008.
This portion includes Q&A with Councilors Whalen, Feeley, McGann, Pfeffer, Doak, and School Committee Chairperson Jeff Roy.
Time: 9 minutes, 36 seconds
MP3 File
This portion includes Q&A with Councilors Whalen, Feeley, McGann, Pfeffer, Doak, and School Committee Chairperson Jeff Roy.
Time: 9 minutes, 36 seconds
MP3 File
Friday, January 11, 2008
Joint Town Council/School Committee Meeting Summary - 1/9/08
The opening remarks by the Attorney (audio) Mary Joann Reedy
Mr John J Sullivan, CPA explains the findings - part 1 (audio) (initial deficit and circuit breaker accounting)
Mr John J Sullivan, CPA explains the findings - part 2 (audio) (using negative line items)
First set of questions for Mr Sullivan (audio)
Mr John J Sullivan, CPA explains the findings - part 3 (audio) (accounting for attrition)
Mr John J Sullivan, CPA explains the findings - part 4 (audio) (Medicaid reimbursement)
Mr John J Sullivan, CPA explains the findings - part 5 (audio) (covering the deficit)
Mr John J Sullivan, CPA explains the findings - part 6 (audio) (more questions on the deficit)
Mr John J Sullivan, CPA explains the findings - part 7 (audio) (last questions on deficit, Falvey tries to speak for the first time)
Mr John J Sullivan gets to the recommendation section of the report, first: hire the right skill set (audio)
Mr John J Sullivan gets to the recommendation section of the report, second: School Committee approves budget transfers (audio)
Mr John J Sullivan gets to the recommendation section of the report, third: Concerns over 2008 budget (audio)
Mr John J Sullivan gets to the recommendation section of the report, final: multiple items (audio)
After the recommendations there is a series of Q&A sessions
Q&A 1 - Whalen, Pfeffer (audio)
Q&A 2 - Zollo (audio)
Q&A 3 - Jeff Roy (audio)
Q&A 4 - McGann (audio)
Q&A 5 - Doak (audio)
Q&A 6 - Cafasso (audio)
Q&A 7 - Bartlett (audio)
Q&A 8 - Gagner, Feeley (audio)
Q&A 9 - Frank Falvey (audio)
meeting took a break for 2 minutes, the School Committee left, the meeting resumed with the normal Town Council agenda
Tax & Title properties (audio)
Four Corners RFP (audio)
Three items: Exemption for police to be FHS coaches, snow budget almost expended, Fire station will be ready early but doesn't have budget to do so (audio)
Old & New Business (audio)
Councilor closing comments (audio)
The full audit report is available on the Franklin Schools page (left menu item) or via this link (PDF). Note, the PDF file is quite large, it may be slow opening depending upon your connection.
This completes the recordings for the meeting 1/9/2008
Mr John J Sullivan, CPA explains the findings - part 1 (audio) (initial deficit and circuit breaker accounting)
Mr John J Sullivan, CPA explains the findings - part 2 (audio) (using negative line items)
First set of questions for Mr Sullivan (audio)
Mr John J Sullivan, CPA explains the findings - part 3 (audio) (accounting for attrition)
Mr John J Sullivan, CPA explains the findings - part 4 (audio) (Medicaid reimbursement)
Mr John J Sullivan, CPA explains the findings - part 5 (audio) (covering the deficit)
Mr John J Sullivan, CPA explains the findings - part 6 (audio) (more questions on the deficit)
Mr John J Sullivan, CPA explains the findings - part 7 (audio) (last questions on deficit, Falvey tries to speak for the first time)
Mr John J Sullivan gets to the recommendation section of the report, first: hire the right skill set (audio)
Mr John J Sullivan gets to the recommendation section of the report, second: School Committee approves budget transfers (audio)
Mr John J Sullivan gets to the recommendation section of the report, third: Concerns over 2008 budget (audio)
Mr John J Sullivan gets to the recommendation section of the report, final: multiple items (audio)
After the recommendations there is a series of Q&A sessions
Q&A 1 - Whalen, Pfeffer (audio)
Q&A 2 - Zollo (audio)
Q&A 3 - Jeff Roy (audio)
Q&A 4 - McGann (audio)
Q&A 5 - Doak (audio)
Q&A 6 - Cafasso (audio)
Q&A 7 - Bartlett (audio)
Q&A 8 - Gagner, Feeley (audio)
Q&A 9 - Frank Falvey (audio)
meeting took a break for 2 minutes, the School Committee left, the meeting resumed with the normal Town Council agenda
Tax & Title properties (audio)
Four Corners RFP (audio)
Three items: Exemption for police to be FHS coaches, snow budget almost expended, Fire station will be ready early but doesn't have budget to do so (audio)
Old & New Business (audio)
Councilor closing comments (audio)
The full audit report is available on the Franklin Schools page (left menu item) or via this link (PDF). Note, the PDF file is quite large, it may be slow opening depending upon your connection.
This completes the recordings for the meeting 1/9/2008
In the News - Molasses, twin violins, financial fiasco
Franklin Library looks to get town On the Same Page
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| At first, library staff worried that an initiative to get all residents to read the same book on a sugarcane product would prove slower than molasses. |
Music in double time
| Sasha and Sally Gorski share a lot in common, not the least of which is a passion for music. And every day, they get double the pleasure out of pursuing it. |
Franklin financial fiasco prompts more criticism
| FRANKLIN - With the inquiry into a $580,000 budget gap over, school officials say they are moving forward by instituting new oversight controls and seeking a finance director to replace the recently fired Delores McCoy. |
Thursday, January 10, 2008
First Set of Questions (audio)
Mr Sullivan pauses to answer several questions from Councilors Doak, Bartlett, Zollo, Pfeffer, and Feeley.
Time: 8 minutes, 33 seconds
MP3 File
Time: 8 minutes, 33 seconds
MP3 File
Mr Sullivan: Explains the problem - Part 2 (audio)
Mr Sullivan continues his detailed explanation of the findings covering the negative line items in the budget up to the June 2007 report without a cover letter.
Time: 8 minutes, 25 seconds
MP3 File
Time: 8 minutes, 25 seconds
MP3 File
Mr Sullivan Explains the problem: Part 1 (audio)
John J Sullivan, CPA explains the audit findings in great detail. This section covers the initial Fiscal 2006 deficit, the circuit breakers, and starts to review the negative line accounting.
Time: 10 minutes, 39 seconds
MP3 File
Time: 10 minutes, 39 seconds
MP3 File
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