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Finance Committee

Regular Meeting

Franklin, MA · May 10, 2023

AgendaMinutes

Minutes

Finance Committee Meeting Date: May 10, 2023 Present: Chairman Conley, Vice Chairman Riley, Clerk Corbosiero, Hansen, Wiech, Keophannga (remote), Hamilton, Grace, Koke (remote) 1. Call to Order: 7:00 PM 2. Public Comments – None 3. FY23 Town Administrator Operating Budget Hearing Continued a. Opening Remarks b. Education i. Norfolk County Agricultural School - $66,660 1. Overview – Enrollment is approximately 560 students (16 students currently from Franklin). Current year had approximately 450 applications with approximately 155 accepted. Franklin is billed an in-county tuition based on enrollment (approximately $4,000 per student). ii. Tri-County Regional Vocational School District - $2,775,000 1. Will know next June what the project size and budget is for a new school (expecting roughly $280M). iii. Franklin Public School District - $71,252,779 1. School Committee approved budget was $73,591,000 which is higher than what is being presented. Outlined areas of possible reductions that would need to happen for FY24 to close the gap. 4. Future Agenda Items 5. Adjourn 9:15 p.m.

Agenda

Finance Committee Meeting Agenda & Meeting Packet Wednesday, May 10th, 2023 7:00 PM Meeting will be held at the Municipal Building 2nd floor, Council Chambers 355 East Central Street A NOTE TO RESIDENTS: All citizens are now welcome to attend public board and committee meetings in person. Additionally, in an effort to maximize citizen engagement opportunities, citizens will be able to continue to participate remotely via phone OR Zoom. The meetings will also be live-streamed by Franklin TV and shown on Comcast Channel 11 and Verizon Channel 29. ● Link to access meeting: May 10th, 2023 FinCom Meeting Link HERE -- Then click “Open Zoom” ○ Or copy and paste this URL into your browser: https://us02web.zoom.us/j/87196462279 ○ Call-In Phone Number: Call 1-929-205-6099 & enter Meeting ID # 871 9646 2279--Then press # Agenda 1. Call to Order 2. Public Comments 3. FY24 Town Administrator Operating Budget Hearing Continued... FY24 Town Administrator Budget Materials website a. Education: i. 395 Norfolk County Agricultural School ii. 390 Tri-County Regional Vocational School District iii. 300 Franklin Public School District 4. Future Agenda Items 5. Adjourn

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