Finance Committee

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

Agenda — 13 items

1. 1 A quorum of the City Council may be present at this meeting. While no formal votes or actions are anticipated by the City Council, members may participate in the discussion of topics listed on this agenda. This notice is filed to ensure compliance with the Open Meeting Law should a quorum of the parent body be present.
2. 2 Roll Call
3. 3 Minutes to be Approved
4. 3 Also Present: Council President Linehan, Councillors Colon Hayes, Crowe, O'Malley, Winslow Alicia McNeil-City Solicitor 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 6:39 PM. This meeting will have audio and video via Teams. *Please note: Councillor O'Malley is also filming this meeting.
5. 4 Minutes of June 16, 2026 to be approved. 401-26 approved Pass
6. 5 Business
7. 6 Order: That the sum of Two Hundred Sixty-Six Thousand One Hundred Seventy-Four Dollars and Sixty Cents ($266,174.60) is appropriated from the TNC Surcharge Municipal Distribution Account to cover the following expenses: 391-26 recommended favorably Pass
8. 7 Order: That the sum of Four Hundred Thousand Dollars ($400,000) is transferred from Human Resources Group Insurance Miscellaneous to the Malden Public School Department. 392-26 recommended favorably Pass
9. 8 Order: That One Million Two Hundred Ninety-Two Thousand Forty-Five Dollars ($1,292,045.00) of the funds that remain available from the adopted appropriation order authorized by Paper 139 Series of 2023 relative to the Roosevelt Park Revitalization Project be repurposed to pay costs of the Malden River Works Project. 393-26 recommended favorably Pass
10. 9 Order: That Nine Hundred Thirty-Eight Thousand One Hundred Seventy-Four Dollars and Fifty Cents ($938,174.50) of the funds from the adopted appropriation order authorized by Paper 140 Series of 2023 relative to the Roosevelt Park Revitalization Project, of which are no longer needed to complete the project for which it was borrowed, be transferred to pay costs of the Malden River Works Project in accordance with the provisions of M.G.L. c. 44, §20. 394-26 recommended favorably Pass
11. 10 Other Business
12. 11 Adjournment adjourned Pass
13. 12 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

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