City of Somerville header
File #: 199385    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 #: 199385
Title: Requesting an appropriation of $27,600 from Unreserved Fund Balance ("Free Cash") to the Dilboy Enterprise Fund to mitigate a revenue deficit in FY2015.
Code sections: Appropriation/Budget -

  Agenda Text

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Requesting an appropriation of $27,600 from Unreserved Fund Balance ("Free Cash") to the Dilboy Enterprise Fund to mitigate a revenue deficit in FY2015.

 

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Official Text

To the Honorable Board:

 

I respectfully request an appropriation of $27,600 from Unreserved Fund Balance ("Free Cash") to the Dilboy Enterprise Fund to mitigate a revenue deficit in FY 2015.  The unprecedented number of snow storms led to cancellations in bookings leading to a shortfall in the revenue budget.

 

Thank you for your consideration,

 

Respectfully,

 

Joseph A. Curtatone

Mayor