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Franklin City Council introduces two budget ordinances to replenish reserves, insurance and capital funds
Summary
On Feb. 2 the Franklin City Council introduced Ordinances 26-01 and 26-02 to appropriate donated/grant funds and transfer unspent funds into Board of Works accounts, aiming to keep a rainy day reserve near $5 million and bolster insurance, paving and cemetery capital lines.
Franklin City — The Franklin City Council on Feb. 2 introduced two budgetary ordinances that would move unspent funds and donated money into non-tax and Board of Works accounts, officials said.
Ordinance 26-01 was presented as an introduction to appropriate money into donation and grant accounts so those funds can be spent. "This is just appropriating the money into our donation and grant accounts, so that that money can be spent," said an unidentified city official during the…
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