The group East of Shirley is one that I have featured as the intro and exit music for the weekly podcast. They have scheduled a gig this Saturday up Rt 85 in Hudson at the Harvest Cafe.
More information on this gig can be found here: http://www.reverbnation.com/show/2988546
Note: now that the summer break is over, I do plan on returning to providing a weekly summary. In case you missed the Jan - June recap you can find it here:
http://franklinmattersweekly.blogspot.com/2010/07/franklin-ma-2010-midyear-review.html
Wednesday, September 8, 2010
Finance Committee 09/07/10
The live reported posts from the Finance Committee meeting of Tuesday Sep 7, 2010 can be found here
Franklin, MA
Franklin, MA
Dean College: President's Cup Golf Tournament
The 14th annual Dean College President’s Cup Golf Tournament is scheduled for Wednesday, September 15, 2010 at the New England Country Club, Bellingham, MA.
Check-in, registration and breakfast begins at 8 a.m. The tournament begins with a shotgun start and scramble format at 9 a.m., and concludes with a luncheon and awards at 2 p.m.
For more information or to register, please contact the Dean College Office of alumni relations at 1-888-711-3326, or go online to https://www.dean.edu/forms/golfregistration.aspx
Franklin, MA
Check-in, registration and breakfast begins at 8 a.m. The tournament begins with a shotgun start and scramble format at 9 a.m., and concludes with a luncheon and awards at 2 p.m.
For more information or to register, please contact the Dean College Office of alumni relations at 1-888-711-3326, or go online to https://www.dean.edu/forms/golfregistration.aspx
Franklin, MA
Tuesday, September 7, 2010
Live reporting - capital plan to closing
Head's up that we are looking to do a capital plan earlier than we have done before
the same five or six departments put in the capital requests, you should be able to do the due diligence
The staff will start working in October on the 2012 budget
Other than some increases in benefits, etc. we won't be adding folks,
Pension usually comes in about March, we would like to make decisions earlier than later
State potential shortfall of 2-3 Billion for next year, if that is true, it can't be good for us
Because we have lived with lots of State Aid, that hurts us more when the cuts come
It puts us at a greater risk for Fiscal 2012. Jim Vallee has done a great job for us, but if the state doesn't have money that won't help us.
Don't give me what you want, give me what you have now and any known increases
For example, an energy increase may be possible with a contract coming due next year.
The vote on the sales taxes could cut the overall State income in half and that would trickle down to us.
Let's look at a zero based budget, what are we actually required to provide by statue
The guts of government that cost the least are the ones you have to have, the quality of life is created by the other departments that do help us and cost the money.
It gets and will be very difficult. We have lost one of every ten jobs on the municipal side since I have been here. I don't see that changing.
The big piece of the puzzle is the schools. They have been working hard to do what they can with they have.
Maybe in a perfect world we have no net new revenue so we will struggle. We have done well with what we have. People are getting a great bang for the bucks they do spend.
When can we expect free cash to be certified?
Probably in November.
It is our policy to use free cash to fund the capital plan.
It is not free and it is not cash. The funds left over from the previous fiscal year are turned back and revenues in excess of anticipated. When it is all mixed together, it goes to the State, they then certify. Traditionally we have gotten around 2 million and we are a 100 million dollar business. We want to have some left over. It is better planning to have free cash than to be short. We are conservative in estimating revenues.
Usually set aside a half million for snow/ice right away. We are building that account up over time but we are not there yet. Depending upon the weather, we see what we have left. The capital plan goes up and down depending upon what we have left in free cash.
We can't use free cash to balance the operating budget. Free cash is one time and can be used for capital not operations.
It is confusing to some of the citizens but whether we have 40 or 45 police officers, they still need cruisers and cruisers do wear out over time and need to be replaced.
There are two items of concern: one the roll back on the sales tax and one the roll back of the liquor tax. The last time the roll back the income tax got 40 something percent of the vote.
Any further progress on regionalization?
Nothing yet, we have feelers out. It is a piece of the puzzle. We are doing the library and recreation. Fiscal stress is the mother of invention. The more stress, the more people may be ready to dance. There are so many pieces to the puzzle here in the commonwealth.
Hope to have a contract with the architect for the high school project completed next week. Still targeting next November for the voters to have their say on the renovations.
The Governor did sign off on the petition for our charter questions this November. We will have two questions (one with regard to the technical items) and two to make the treasurer/collector an appointed position. (The questions will be posted to Franklin Matters and discussed further as we get closer to November.)
Finance Committee would move to a three year term and be staggered to get into it. Some would take one year, some two year, and some three year terms to get it going.
It is important that the stabilization fund is not used for operations. Our overall balance is down 5 Million over the last several years. A reduction in rating now is about a half a percent on the bond rating.
We look at all the options. What is coming off, what will come on, what will it look like so we can explain to the citizens what the school issue would look like before the vote.
We upgraded out bond back in 2002. S&P has us at the same rating, Moody's dropped us.
New business
Oct 23 - Assoc of Finance Committee meeting at Tri-County
Cameron - re: funding just received by the School Committee, some of which is being saved and some is being used.
Nutting - If it came five months ago, it would have been a lot easier, three months later it would have been too late. They voted to use part of it and save the remainder for FY 2012. Any questions should be directed to the School Administration and School Committee.
The money was directed for teacher salary and benefits to be spent by 2012.
Motion to adjourn, passed 10-0
Franklin, MA
the same five or six departments put in the capital requests, you should be able to do the due diligence
The staff will start working in October on the 2012 budget
Other than some increases in benefits, etc. we won't be adding folks,
Pension usually comes in about March, we would like to make decisions earlier than later
State potential shortfall of 2-3 Billion for next year, if that is true, it can't be good for us
Because we have lived with lots of State Aid, that hurts us more when the cuts come
It puts us at a greater risk for Fiscal 2012. Jim Vallee has done a great job for us, but if the state doesn't have money that won't help us.
Don't give me what you want, give me what you have now and any known increases
For example, an energy increase may be possible with a contract coming due next year.
The vote on the sales taxes could cut the overall State income in half and that would trickle down to us.
Let's look at a zero based budget, what are we actually required to provide by statue
The guts of government that cost the least are the ones you have to have, the quality of life is created by the other departments that do help us and cost the money.
It gets and will be very difficult. We have lost one of every ten jobs on the municipal side since I have been here. I don't see that changing.
The big piece of the puzzle is the schools. They have been working hard to do what they can with they have.
Maybe in a perfect world we have no net new revenue so we will struggle. We have done well with what we have. People are getting a great bang for the bucks they do spend.
When can we expect free cash to be certified?
Probably in November.
It is our policy to use free cash to fund the capital plan.
It is not free and it is not cash. The funds left over from the previous fiscal year are turned back and revenues in excess of anticipated. When it is all mixed together, it goes to the State, they then certify. Traditionally we have gotten around 2 million and we are a 100 million dollar business. We want to have some left over. It is better planning to have free cash than to be short. We are conservative in estimating revenues.
Usually set aside a half million for snow/ice right away. We are building that account up over time but we are not there yet. Depending upon the weather, we see what we have left. The capital plan goes up and down depending upon what we have left in free cash.
We can't use free cash to balance the operating budget. Free cash is one time and can be used for capital not operations.
It is confusing to some of the citizens but whether we have 40 or 45 police officers, they still need cruisers and cruisers do wear out over time and need to be replaced.
There are two items of concern: one the roll back on the sales tax and one the roll back of the liquor tax. The last time the roll back the income tax got 40 something percent of the vote.
Any further progress on regionalization?
Nothing yet, we have feelers out. It is a piece of the puzzle. We are doing the library and recreation. Fiscal stress is the mother of invention. The more stress, the more people may be ready to dance. There are so many pieces to the puzzle here in the commonwealth.
Hope to have a contract with the architect for the high school project completed next week. Still targeting next November for the voters to have their say on the renovations.
The Governor did sign off on the petition for our charter questions this November. We will have two questions (one with regard to the technical items) and two to make the treasurer/collector an appointed position. (The questions will be posted to Franklin Matters and discussed further as we get closer to November.)
Finance Committee would move to a three year term and be staggered to get into it. Some would take one year, some two year, and some three year terms to get it going.
It is important that the stabilization fund is not used for operations. Our overall balance is down 5 Million over the last several years. A reduction in rating now is about a half a percent on the bond rating.
We look at all the options. What is coming off, what will come on, what will it look like so we can explain to the citizens what the school issue would look like before the vote.
We upgraded out bond back in 2002. S&P has us at the same rating, Moody's dropped us.
New business
Oct 23 - Assoc of Finance Committee meeting at Tri-County
Cameron - re: funding just received by the School Committee, some of which is being saved and some is being used.
Nutting - If it came five months ago, it would have been a lot easier, three months later it would have been too late. They voted to use part of it and save the remainder for FY 2012. Any questions should be directed to the School Administration and School Committee.
The money was directed for teacher salary and benefits to be spent by 2012.
Motion to adjourn, passed 10-0
Franklin, MA
Live reporting - Finance Committee
Present; Cataldo, Rivera, Meserve, Huempfner, Quinn, Cameron, Texieria, Feldman, Roche, Goldsmith
Absent: 1 open spot (Meare resigned)
Holding off on replacement pending the charter review where it would be reduced to 9 members instead of the current 11.
Brief review on the changes in the open meeting laws.
Minutes to approve
April 27, 2010 (budget hearing) - motion to approve, passed 10-0
May 4, 2010 (budget hearing) - motion to approve, passed 10-0
May 6, 2010 (budget hearing) - motion to approve, passed 10-0
May 10, 2010 (budget hearing) - motion to approve, passed 10-0 as amended (one figure referenced 48 million, when it should be 48,000.)
Transfer from Debt Stabilization to DelCarte, $140,000
needed for engineering design and permitting to start the detail design work on the property
two of the dams have been registered per state requirements
fix a couple of dams, remove a couple, all designed to reduce phosphorous input to the Charles River
Full cost of repairs will be covered later with grants, in-kind work and potential debt coverage
Where does this leave us with debt stabilization account?
We really don't need to any longer, could have removed it during the budget process but it came up to late
Our debt is going down to a low 3 percent (below the 3.5 percent threshold)
What are potential liabilities if we don't do this work?
The dams are registered. There probably wouldn't be a whole lot of impact unless there was a major flood condition. If there was only one pond, the amount of phosphorous input to the Charles River needs to be reduced.
What is the Open Space fund for?
Yes, we do have one, it is for the purchase of or improvement of land purchased. Since this land was gifted, we can not use the fund to improve this particular land. If we did by some other property, i.e the DelCarte house itself, then those funds can be used to improve that land. We would have to change the legislation to use the open space funds for the 130 acres. It was special legislation for the town created in 2001.
What is the total projected cost?
About 1.3 million.
What about the grants?
Grants go in a cycle, we will look to see if any other them can cover in this case. Maybe get the Army Corp of Engineers to help us, or in-kind work. We'll look at every and all possibilities to get this work done.
Is this a bondable project?
Yes, that is an option if we can not come up with the other sources.
Timeline?
About 6 months of design work, look to the remainder no earlier than June
Would we like to have a shovel in the ground next fall, yes. But we don't have the money. We don't have to bond this for twenty years.
Motion to transfer $140,000 from Debt Stabilization Fund to Del Carte, passed 10-0
Franklin, MA
Absent: 1 open spot (Meare resigned)
Holding off on replacement pending the charter review where it would be reduced to 9 members instead of the current 11.
Brief review on the changes in the open meeting laws.
Minutes to approve
April 27, 2010 (budget hearing) - motion to approve, passed 10-0
May 4, 2010 (budget hearing) - motion to approve, passed 10-0
May 6, 2010 (budget hearing) - motion to approve, passed 10-0
May 10, 2010 (budget hearing) - motion to approve, passed 10-0 as amended (one figure referenced 48 million, when it should be 48,000.)
Transfer from Debt Stabilization to DelCarte, $140,000
needed for engineering design and permitting to start the detail design work on the property
two of the dams have been registered per state requirements
fix a couple of dams, remove a couple, all designed to reduce phosphorous input to the Charles River
Full cost of repairs will be covered later with grants, in-kind work and potential debt coverage
Where does this leave us with debt stabilization account?
We really don't need to any longer, could have removed it during the budget process but it came up to late
Our debt is going down to a low 3 percent (below the 3.5 percent threshold)
What are potential liabilities if we don't do this work?
The dams are registered. There probably wouldn't be a whole lot of impact unless there was a major flood condition. If there was only one pond, the amount of phosphorous input to the Charles River needs to be reduced.
What is the Open Space fund for?
Yes, we do have one, it is for the purchase of or improvement of land purchased. Since this land was gifted, we can not use the fund to improve this particular land. If we did by some other property, i.e the DelCarte house itself, then those funds can be used to improve that land. We would have to change the legislation to use the open space funds for the 130 acres. It was special legislation for the town created in 2001.
What is the total projected cost?
About 1.3 million.
What about the grants?
Grants go in a cycle, we will look to see if any other them can cover in this case. Maybe get the Army Corp of Engineers to help us, or in-kind work. We'll look at every and all possibilities to get this work done.
Is this a bondable project?
Yes, that is an option if we can not come up with the other sources.
Timeline?
About 6 months of design work, look to the remainder no earlier than June
Would we like to have a shovel in the ground next fall, yes. But we don't have the money. We don't have to bond this for twenty years.
Motion to transfer $140,000 from Debt Stabilization Fund to Del Carte, passed 10-0
Franklin, MA
Let's start a community garden in Franklin
The Boston Globe has a cover page article on local campuses that are growing food to help the students with their learning and well as their health.
http://www.boston.com/news/education/higher/articles/2010/09/07/student_gardens_provide_food_for_mind_body/
Franklin has already established some raised garden beds and is looking to expand upon that start to get into a community garden.
http://www.franklincommunitygardens.org/
Related posts on raised gardens and the community garden effort can be found here:
http://franklinmatters.blogspot.com/2010/06/hi-ho-hi-ho-update-on-raised-gardens.html
http://franklinmatters.blogspot.com/2010/04/franklin-raises-garden.html
http://franklinmatters.blogspot.com/2010/06/franklin-ma-food-pantry-garden-bed.html
Franklin, MA
http://www.boston.com/news/education/higher/articles/2010/09/07/student_gardens_provide_food_for_mind_body/
Franklin has already established some raised garden beds and is looking to expand upon that start to get into a community garden.
There is an effort afoot to start up a community garden in Franklin! This is your chance to get in on the ground floor. The first planning session will be held on Wednesday at 7:00 PM at the Franklin YMCA. No gardening experience is necessary.The Growing in Franklin website can be found here
http://www.franklincommunitygardens.org/
Related posts on raised gardens and the community garden effort can be found here:
http://franklinmatters.blogspot.com/2010/06/hi-ho-hi-ho-update-on-raised-gardens.html
http://franklinmatters.blogspot.com/2010/04/franklin-raises-garden.html
http://franklinmatters.blogspot.com/2010/06/franklin-ma-food-pantry-garden-bed.html
Franklin, MA
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