Agenda Text
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Requesting an appropriation of $2,000,000 from Unreserved Fund Balance ("Free Cash") to the Rainy Day Stabilization Fund.
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Official Text
To the Honorable Board:
I respectfully request an appropriation of $2,000,000 from Unreserved Fund Balance ("Free Cash") to the Rainy Day Stabilization Fund. An appropriation of $2,000,000 was made out of the Rainy Day Stabilization Fund in FY2015 to help remediate the Snow Removal Deficit. This appropriation of $2,000,000 back to the Rainy Day Stabilization Fund restores the balance of the Fund to approximately $4,000,000, which is the acceptable minimum balance.
Thank you for your consideration.
Respectfully,
Joseph A. Curtatone
Mayor