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 -------------- 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 ------------- We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial. This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help. How can you help? If you can use the information that you find here, please tell your friends and neighborsIf you don't like something here, please let me knowAnd if you have interest in reporting on meetings or events, please reach. We’ll share and show you what and how we do what we do Through this feedback loop we can continue to make improvements. I thank you for listening. For additional information, please visit Franklinmatters.org/ or www.franklin.news If you have questions or comments you can reach me directly at shersteve @ gmail dot com 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! ------------------ You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"