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Committee approves mid‑year FY25 budget amendment; moves $1.5M to stormwater fund and recognizes battlefield grant
Summary
The Budget & Finance Committee voted to forward draft ordinance 2025‑12, a FY25 budget amendment that recognizes $3,885,000 of additional general‑fund revenues and expenses and transfers $1.5 million to the stormwater fund to restore balances and purchase a street sweeper. The amendment also recognizes a pass‑through grant for Franklin's Charge.
The City of Franklin Budget & Finance Committee voted unanimously to forward a mid‑year amendment to the fiscal 2025 budget that rebalances funds, recognizes new revenues and authorizes a $1.5 million transfer to the stormwater fund.
"This is budget day of all days here at the, budget and finance committee," said Michael Walters Young, chief budget performance officer, introducing draft ordinance 2025‑12 and the three amendment objectives: maintain a balanced general fund (a State of Tennessee requirement), ensure appropriate year‑end fund balances in all funds, and maintain funding for approved capital projects.
The amendment recognizes roughly $3,885,000 in additional general‑fund…
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