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Franklin Township Library board approves $4.53 million budget, moves $1.35 million to capital reserve
Summary
The Franklin Township Public Library Board of Trustees unanimously approved a $4,534,924 budget for 2026–27 and voted to transfer a $1,352,953 surplus into the librarys capital reserve to protect it from township reallocation.
The Franklin Township Public Library Board of Trustees unanimously approved a $4,534,924 operating budget for fiscal year 2026–2027 at its May 27 meeting and voted to place a $1,352,953 surplus into the librarys capital reserve.
Clara Wilson moved to approve the budget, saying, "I make a motion to approve this budget of to say the whole number, the $4,534,924," and Deborah Kelly seconded. After discussion, the chair called the question and the board recorded five yes votes for the budget.
Board members discussed the source of the librarys increased revenue: one trustee noted the townships statutory allocation to the library rose 13.9% from the prior year, and members clarified that this allocation is municipal tax money provided under state rules rather than a library-specific tax. The board also discussed unexpectedly higher interest earnings in library accounts and agreed to continue monitoring account balances and rates.
On a related motion, the board approved moving the surplus into the librarys capital reserve. Director January Adams recommended the transfer to protect the funds from township reallocation; a board member said, according to the meeting record, that Mayor Kramer had explained the township could "possibly seize this money if it was not properly used." The board discussed limits on the capital reserves use (not for salaries) and confirmed the library undergoes an annual audit.
The transfers were approved by voice vote and characterized in the meeting record as unanimous. Board members said the capital reserve currently holds about $5 million and that the approved transfer would bring it to roughly $6 million, protecting funds for planned renovations and roof and interior work.
The board also noted a procedural item: an executive-session line on the published agenda was inadvertent and no executive session occurred. The board set the next meeting for June 24 and adjourned.
The board did not identify any dissenting votes during the recorded approvals; motions and vote tallies were recorded as unanimous with five votes in favor.
