{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2F0ffe0abf-8b3c-43c2-80a7-e4ddd0353db0","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"FM #194 - Capital Budget Subcommittee meeting of 1/15/20","description":"This is the Franklin Matters radio show, number 194 in the series, now collaborating with Franklin.TV and Franklin Public Radio (wfpr.fm). \n\nThis recording shares the Capital Budget Subcommittee meeting of Wednesday, Jan 15, 2020. It was held in the Municipal Building, 3rd floor training room. The four members of the Town Council that make up this committee chaired by Debbie Pellegri were all present. Matt Kelly, Brian Chandler, and Robert Dellorco you\u2019ll hear as they take their turn asking questions of the department leads on the individual capital requests.\n\nTown Administrator Jamie Hellen begins with an explanation of the free cash for FY 2020 which is the starting point. To help follow along with the math, the starting point of \u2018free cash\u2019 is $3.482M. The set aside amount is $1.718M which leaves $1.764M for the capital budget. \n\nThe Finance Committee met twice in December to review and approve the recommendations. The Subcommittee now has their chance to review and approve of the $1.539M amount recommended to bring to the full Town Council for their discussion and approval. Yes, there is $124K left aside for the \u2018second pass\u2019 after the winter and the snow/ice budget expenses are fully known. \n\nUltimately, the subcommittee did approve all the requests so the full Town Council will get their turn at a future meeting. There was one condition on the School Committee amount approved; the numbers, as proposed, didn\u2019t add up properly on the document and were not able to be explained fully in the meeting. The numbers will get sorted out (and corrected, if necessary) for the Town Council discussion.\n\nLinks for the capital budget memo and supporting documents are included. I include my Excel spreadsheet so you can see those totals and subtotals.\n\nThe meeting itself runs approx 1 hour and 40 minutes, so without further ado here is Capital Budget Subcommittee meeting","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://shersteve.hipcast.com/albumart/1036_itunes_1612724907.jpg"}