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Franklin City reviews proposed annual budget, targets $100,000 net profit and flags staffing shortfalls
Summary
Board members reviewed the proposed annual budget and asked staff for clarifications (including a confusing pension-assets line); Speaker 1 reported year-to-date net operating income of about $210,000 and expressed desire to budget a $100,000 net profit. Staff reported two open positions across public works and utilities.
Franklin City board members reviewed the proposed annual budget during their Aug. 19 meeting and raised questions about presentation, specific line items and staffing needs.
Speaker 1 (meeting chair) said the city is 'right now through September' with a year-to-date net operating income of '210,000 plus dollars' and asked staff where the budget shows a planned net profit. "Because I would hope that we would put at least a $100,000," the chair said, indicating a preference to budget that level of net profit.
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