City of Somerville header
File #: 207095    Version: 1
Type: Mayor's Request Status: Approved
File created: 11/15/2018 In control: City Council
On agenda: 11/20/2018 Final action: 12/13/2018
Enactment date: 11/20/2018 Enactment #: 207095
Title: Requesting the transfer of $193,340 from the CPA Fund Budgeted Reserve to various Reserve Accounts for certain CPA projects and expenses.
Code sections: Transfer of Funds -
Attachments: 1. BOA FY19 CPA Budget Adjustment

  Agenda Text

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Requesting the transfer of $193,340 from the CPA Fund Budgeted Reserve to various Reserve Accounts for certain CPA projects and expenses.

 

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Official Text

Dear Honorable Board Members:

I respectfully request that your Honorable Board transfer $193,340 from the CPA Fund budgeted reserve with the following transfers as recommended by the Community Preservation Committee, with each item to be considered a separate transfer:

1.                     Transfer $45,492 from the CPA Fund Budgeted Reserve to the Open Space/Recreation Reserve.

2    Transfer $34,119 from the CPA Fund Budgeted Reserve to the Historic Resources Reserve.

3.                     Transfer $113,730 from the CPA Fund Budgeted Reserve to the Community Housing Reserve.

 

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

 

Respectfully Submitted,

Joseph A. Curtatone, Mayor