City of Somerville, Massachusetts - File #: 213915

• File #: 213915
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 5/30/2022
• In control: City Council
• On agenda: 6/2/2022
• Final action: 6/23/2022
• Enactment date: 6/2/2022
• Enactment #: 213915
• Title: Requesting approval to appropriate $748,185 from the Water Capital Stabilization Fund to the Water Enterprise Fund to balance the FY 2023 Water Enterprise Fund budget.
• Code sections: Stabilization Fund -

Date	Ver.	Action By	Action	Result
6/30/2022	6	BOA	Mayoral Approval
6/23/2022	5	City Council	Approved
6/22/2022	4	Finance	Recommended to be discharged with no recommendation
6/2/2022	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting approval to appropriate $748,185 from the Water Capital Stabilization Fund to the Water Enterprise Fund to balance the FY 2023 Water Enterprise Fund budget.

body

Official Text

To the Honorable City Council:

I respectfully request that your Honorable City Council appropriate $748,185 from the Water Capital Stabilization Fund to the Water Enterprise Fund. This transfer is necessary as another financing source to support  the FY2023 Water Enterprise budget.

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

Respectfully Submitted,

Katjana Ballantyne, Mayor