City of Somerville, Massachusetts - File #: 23-0933

• File #: 23-0933
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 5/30/2023
• In control: City Council
• On agenda: 6/1/2023
• Final action: 6/14/2023
• Enactment date: 6/8/2023
• Enactment #: 215564
• Title: Requesting the appropriation of $7,796,452 from the Unreserved Fund Balance ("Free Cash") to the Facility Renovation and Reconstruction Stabilization Fund to support the FY 2023 5-Year Capital Investment Plan.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury
• Code sections: Appropriation/Budget - , Stabilization Fund -

Date	Ver.	Action By	Action	Result
6/14/2023	1	City Council	Mayoral Approval
6/8/2023	1	City Council	Approved	Pass
6/1/2023	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the appropriation of $7,796,452 from the Unreserved Fund Balance ("Free Cash") to the Facility Renovation and Reconstruction Stabilization Fund to support the FY 2023 5-Year Capital Investment Plan.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate $7,796,452 from the Unreserved Fund Balance ("Free Cash") to the Facility Renovation and Reconstruction Stabilization Fund to support the FY2023 5-Year Capital Investment Plan.

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

Respectfully Submitted,

Katjana Ballantyne, Mayor