City of Somerville, Massachusetts - File #: 26-1393

• File #: 26-1393
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 9/15/2026
• In control: City Council
• On agenda: 9/24/2026
• Final action: 10/14/2026
• Enactment date: 10/8/2026
• Enactment #: 221344
• Title: Requesting the transfer of $153,987 from the Community Preservation Act (CPA) Community Housing Debt Service account to the CPA Community Housing Reserve.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury
• Code sections: Transfer of Funds -

Date	Ver.	Action By	Action	Result
10/14/2026	1	City Council	Mayoral Approval
10/8/2026	1	City Council	Approved
10/6/2026	1	Finance Committee	Recommended to be approved	Pass
9/24/2026	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the transfer of $153,987 from the Community Preservation Act (CPA) Community Housing Debt Service account to the CPA Community Housing Reserve.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council approve the transfer of $153,987 from the CPA Community Housing Debt Service account (32505-591500-32530) to the CPA Community Housing Reserve (325300) to correct an error in the FY2027 CPA Fund budget, per request by the Community Preservation Committee.

Appropriate staff will be available to address any questions you may have. Thank you for your consideration of this item.

Respectfully Submitted,

Jake Wilson, Mayor