Town of Franklin

Long Range Finance Committee Agenda

VVednesday,August 11,2010
7:00 PM
Municipal Building Second Floor, Room 205

A. Call to Order

B. Citizens Comments

C. Approval of Minutes

D. Town Administrator's Update on Significant Town Financial Matters

E. Committee Discussion Items:

1. Committee membership
2. Website management
3. Collective bargaining update
4. Committee priorities for FY 2011

F. Old Business

G. New Business

H. Adjournment
Committee Ideas Regarding 2010-2011 Focus

• Update five year outlook

• Update list of key actions taken to minimize prospective deficit

• Better outreach

• Dispel myth that there is significant waste

• Simpler version of report

• Potential effects of cuts if deficit plays out as predicted

• Hold focus I encourage constructive feedback from skeptics

• Communicate effect of school quality on property values

• Understand cost controls around salarylbenefits

• Monitor website hits

• Connect capital expenditures with operating budget

• Understand free cash flow and how it affects five year outlook (predictable vs.

uncertain)