Franklin Finance Committee Minutes
July 7, 2009
Council Chambers
Present:
Tina Powderly (TP), Juan Rivera (JRIV), Jim Roche (JR), Phyllis Messere (PM),
Mark Cataldo (MC), Pat Goldsmith (PG),
Rebecca Cameron (RC) arrived at 7:05PM.
Jeff Nutting (Administrator), Susan Gagner (Comptroller)
Absent:
Brett Feldman, Craig Maire, Robert Teixeira
Agenda
Item# Motion/2nd Discussion, motion, Agenda Item Vote
Call to order. Noting a quorum present,
Jim Roche called the meeting to order at
7:00PM.
No citizen comments
MC/TP Approve minutes of June 2nd meeting. 6-0-0
Rebecca Cameron had not arrived yet for
this vote.
MC/RC Motion to approve the following 7-0-0
members as officers of the Finance
Committee:
Jim Roche – Chairman
Tina Powderly – Vice Chairman
Phyllis Messere – Clerk
Rebecca Cameron is now voting.
MC/PM Motion to approve the transfer of 7-0-0
$500,000 from the following:
Receipts reserved for approp. – sale of
real estate - $400,000
Excess funds from SR Ctr. Project - $50,000
FY2010 hotel/motel tax – Local est. receipts-
$50,000 to continue renovations on the
Horace Mann Historical Museum.
MC/TP Motion to approve $99, 351,634 to amend the 7-0-0
FY2010 budget from the following appropriations:
Raise and appropriate - $87,671,044
Debt Stabilization - 300,000
Small cities - 20,000
Enterprise Funds - 11,360,590
MC/ RC Motion to approve the transfer of 7-0-0
$35,000 from general liability account
#01945200-574000 to Employee benefits
Workers comp to cover higher than anticipated
Workers compensation costs to FY2010
MC/RC Motion to recommend that the meals tax 7-0-0
of .75% be used for operations and the Hotel
tax of 2% is used for building and open space.
RC/MC Recommendation to the Town Council to 7-0-0
Stabilization Fund as an emergency fund and
not used to balance the budget for 2010.
Old Business: None
New Business: Thanks to the Fourth of July Committee for having a
great 4th Celebration.
Adjournment: Meeting adjourned at 7:48PM.
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