Finance Committee

City Hall, Room 105 215 Pleasant Street Malden, MA 02148

Agenda — 9 items

1. 1 Roll Call
2. 2 Minutes to be Approved
3. 2 Also Present: Council President Linehan, Councillors Crowe, O'Malley, Winslow Prasanna Rajasekaran-Assistant City Solicitor Maria Luise-Special Assistant to the Mayor Ron Hogan-Chief Strategy and Innovation Officer Charles Ranaghan-CFO/Controller Dan Grover-Treasurer Carol Ann Desiderio-City Clerk Councillor McDonald called the meeting to order at 5:33 PM. There will be audio and video of this meeting via Teams.
4. 3 Minutes of February 3, 2026 to be approved. 140-26 approved Pass
5. 4 Business
6. 5 Resolved: That it is the sense of the Malden City Council that during this time of budgetary constraints the Council is committed to the principles of fiscal responsibility and the efficient management of public funds that prioritize essential services and long-term financial stability. The Council wishes to demonstrate a pledge of shared sacrifice and budgetary discipline and therefore requests the Honorable Mayor Gary Christenson cut specific discretionary monies and reallocate for use in the general fund in the following ways which will result in savings up to $95,000 for the upcoming fiscal year: 1. The elimination of the line items associated with Ward Improvement Funds; 2. The elimination of the line items associated with Fourth of July Funds; 129-26 recommended favorably Pass
7. 6 Other Business
8. 7 Adjournment adjourned Pass
9. 8 If you would like to request a reasonable accommodation, please contact Maria Luise, ADA Compliance Coordinator at mluise@cityofmalden.org or 781-397-7000 Ext. 2005 For instructions on enabling live translated captions in Teams, please visit: www.cityofmalden.org/captions