City of Franklin, TN
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City of Franklin
Financial Policies and Procedures
The City of Franklin’s Board of Mayor and Aldermen has approved the following policies and procedures based on financial best practices:
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Financial Policies and Procedures |
Dept |
Policy # |
Approval Date |
Additional Policy # (if applicable) |
Approval Date |
Additional Policy # (if applicable) |
Approval Date |
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Billing and Licensing |
5/27/2020 |
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| Auto Allowance for Mayor | Administration | Resolution 2024-90 | 10/8/2024 | ||||
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Billing and Licensing |
7/10/2012 |
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Finance |
6/25/2019 |
8/23/2022 |
Resolution 2024-30 |
6/25/2024 |
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Administration |
7/12/2022 |
1/24/2023 |
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Billing and Licensing |
10/10/2023 |
9/24/2024 |
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Finance |
12/12/2017 |
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Finance |
6/26/2018 |
6/25/2024 |
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Finance |
--- |
1/24/2012 |
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| Fire Step Up Pay | HR | Approved through City Administrator Authority per Res. 2019-102 | 1/23/2024 | ||||
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Finance |
9/23/2014 |
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Finance |
6/23/2020 |
8/23/2022 |
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HR |
10/8/2019 |
Updated through City Administrator Authority per Res. 2019-102 |
9/3/2023 |
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Finance |
6/23/2020 |
8/23/2022 |
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Finance |
4/13/2021 |
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Finance |
6/22/2021 |
8/23/2022 |
6/27/2023 |
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HR |
5/23/2023 |
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| OPEB Adjustments (retiree option II coverage), effective 7/1/2024 | HR | Resolution 2024-23 | 5/14/2024 | ||||
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Finance |
6/25/2019 |
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HR |
1/10/2023 |
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Pension Funding Policy (closed plan) |
Finance |
10/28/2014 |
4/25/2023 |
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Pension Policy (closed plan) |
HR |
8/14/2018 |
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Purchasing |
10/22/2024 |
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| Procurement Protest Procedure | Purchasing | Resolution 2024-89 | 10/22/2024 | ||||
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Purchasing |
2/10/2015 |
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Purchasing-Values and Guiding Principles of Public Procurement |
Purchasing |
3/13/2012 |
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| Travel and Expense Policy | Finance | Resolution 2018-51 | 6/26/2018 | Resolution 2024-29 | 6/25/2024 | ||
| Uncollectible Accounts Receivable Write-Offs | Billing and Licensing | Resolution 2022-27 | 6/28/2022 | Resolution 2023-33 | 6/27/2023 |