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Budget Finance Committee approves agenda and minutes, recommends update to bank signatories for Pinnacle Bank
Summary
The Franklin Budget Finance Committee approved the meeting agenda and minutes for December and January and unanimously recommended Resolution 2025‑15 — updating authorized city banking contacts at Pinnacle Bank — to the full Board of Mayor and Aldermen.
The Budget Finance Committee for the City of Franklin unanimously approved the meeting agenda and both the December and January committee minutes, and recommended Resolution 2025‑15, updating the city’s authorized contacts for Pinnacle Bank, to the full Board of Mayor and Aldermen.
The resolution was presented by Margaret Wilson, identified in the meeting as the city comptroller. Wilson said the measure updates day‑to‑day bank contacts after a recent retirement, and names incumbent finance staff so Pinnacle Bank can maintain records that those employees are authorized to receive account information. She named Margaret Wilson (comptroller) and Lisa Gray (financial manager) as the updated contacts.
Committee chair Alderman Potts called for a recommendation to the full board on Resolution 2025‑15. A motion to recommend the resolution to the full board passed on a roll call vote with Alderman Peterson, Alderman Potts, and Alderman Baggett recorded as voting yes.
The committee also completed routine business at the start of the meeting: the chair called for approval of the agenda, and the committee approved both the agenda and the minutes by roll call.
No substantive debate or amendments to the resolution were recorded during the committee discussion; the resolution was described by the presenter as administrative — naming incumbent staff members as authorized bank contacts and reflecting the retirement of a prior signatory.
Votes at a glance - Motion to accept meeting agenda — outcome: approved (roll call: Alderman Peterson yes; Alderman Baggett yes; Chair/Alderman Potts yes). - Motion to approve December minutes — outcome: approved (roll call: Alderman Peterson yes; Alderman Baggett yes; Chair/Alderman Potts yes). - Motion to approve January minutes — outcome: approved (roll call: Alderman Peterson yes; Alderman Baggett yes; Chair/Alderman Potts yes). - Resolution 2025‑15 (certifying deposit accounts and authorizing Pinnacle Bank to release information to named employees) — committee recommendation to full board: approved (roll call: Alderman Peterson yes; Alderman Potts yes; Alderman Baggett yes; chair voted yes).
