# Peabody City Council Finance Committee Meeting - October 8, 2026

The Peabody City Council Finance Committee met on October 8, 2026, and approved 4–1 a $20,000 appropriation transfer to fund a part-time position in the Treasurer’s office. The funds were described as available through savings following an IT department retirement. The Treasurer said the additional help would support check processing, reconciliations, and payment workflows for city departments, schools, and other entities. Members discussed workload and staffing needs, payment security, the limits of the city’s current financial system for electronic payments, and possible future improvements such as cross-training or combining the Treasurer and Collector functions. No contract award or software purchase was approved.

The committee also considered a transfer of second-quarter RCN cable-service receipts back to Peabody Access Television. The amount is garbled in the transcript (rendered as “$12,6252 cents”); a motion to approve was made, but the transcript does not capture its disposition before adjournment.

**Jurisdictions:** sled
**Published:** October 08, 2026

### Sources
- [Peabody City Council Finance Committee Meeting - October 8, 2026](https://www.youtube.com/watch?v=pewB2Kb9dmM) - Peabody TV