A Budget Workshop meeting of the Village of Franklin was held April 26, 2022, at 6:00PM at Village Hall, 141 Water Street, and on the videoconferencing platform Zoom. Present: Mayor Tom Briggs, Trustee Wilson, Trustee VanDeusen, Clerk/Treasurer Niebanck, Deputy Clerk Martin, and Superintendent Kingsbury.
Clerk Niebanck will be on vacation from June 22 to July 1. Mayor will be out July 5.
Water Project:
- Payment set by EFC (schedule of payments for 30 year loan) = $5,166.00.
- Budgeted expense/revenue for this fund will be $5,166.00. Transfer from Water Fund of $5,166.00.
General Fund:
- Budgeted expense/revenue for this fund proposed to be $263,840.42. Increase from last year largely due to budgeting $100K to purchase new truck/plow/salt spreader (revenue from Reserve for Maintenance Equipment).
- Transfer to Water Fund of $4,709.21.
- Transfer to Reserve/Maintenance Equipment of $15,000.00
- Fund balance to be used $30,635.14.
- Clerk would like to participate in Vanguard SIMPLE IRA effective next paycheck.
Water Fund:
- Budgeted expense/revenue for this fund proposed to be $83,975.21.
- Proposed increase to water rates from $4.75/1000 gallons to $5.25/1000. Clerk will calculate how much this would increase yearly revenue.
- Transfer from General Fund of $4,709.21.
- Fund balance to be used $0.
7:13PM VanDeusen moved and Wilson seconded going into Executive Session. So passed. 8:20PM VanDeusen moved and Wilson seconded coming out of Executive Session. So passed.
Salary increases for Superintendent, Clerk, Deputy Clerk, and Crossing Guard are proposed to be 4%. Mayor increase to $2,100; Trustees increase to $1400/each. Dog Control Officer $850 and Code Officer $2000.
Proposed tax levy: rate/thousand 0.484% = $101,157.99. This is an increase of 3.343% or $3,381.36.
Mayor Briggs adjourned the meeting at 8:40PM
Respectfully submitted,
Paula Niebanck
Clerk/Treasurer