City of Somerville header
File #: 199383    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/2/2015 In control: City Council
On agenda: 6/4/2015 Final action: 6/25/2015
Enactment date: 6/4/2015 Enactment #: 199383
Title: Requesting an appropriation of $118,060 from Unreserved Fund Balance ("Free Cash") to various SPCD accounts to eliminate several long-standing deficits.
Code sections: Appropriation/Budget -

  Agenda Text

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Requesting an appropriation of $118,060 from Unreserved Fund Balance ("Free Cash") to various SPCD accounts to eliminate several long-standing deficits.

 

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Official Text

To the Honorable Board:

 

I request an appropriation of $118,060 from Unreserved Fund Balance (“Free Cash” to the below listed OSPCD Accounts to eliminate several long-standing deficits.

 

Fund/Account

46035                     Economic Development Initiative                     $3,781.01

49025                     ESG Grant                     $27,170.75

49035                     Old Fund 26 Deficit                       $87,108.06

TOTAL                     $118,059.82

 

Respectfully,

 

Joseph A. Curtatone

Mayor