City of Somerville header
File #: 212519    Version: 1
Type: Mayor's Request Status: Approved
File created: 10/4/2021 In control: City Council
On agenda: 10/14/2021 Final action: 10/28/2021
Enactment date: 10/14/2021 Enactment #: 212519
Title: Requesting approval to appropriate $1,023,399 from the Water Capital Stabilization Fund to the Water Enterprise Fund in order to balance the FY 2022 Water Enterprise Fund budget.
Code sections: Stabilization Fund -

  Agenda Text

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Requesting approval to appropriate $1,023,399 from the Water Capital Stabilization Fund to the Water Enterprise Fund in order to balance the FY 2022 Water Enterprise Fund budget.

 

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Official Text

To the Honorable City Council:

 

I respectfully request that your Honorable City Council appropriate $1,023,399 from the Water Capital Stabilization Fund to the Water Enterprise Fund. This transfer was highlighted as part of the approved Fiscal Year 2022 Water Enterprise budget in order to fund necessary infrastructure improvements.

 

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

 

Respectfully Submitted,

Joseph A. Curtatone, Mayor