City of Somerville header
File #: 213956    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/3/2022 In control: City Council
On agenda: 6/9/2022 Final action: 6/23/2022
Enactment date: 6/9/2022 Enactment #: 213956
Title: Requesting the appropriation of $139,096 from the Unreserved Fund Balance ("Free Cash") Account to the Central Hill PARC Account to cover a grant deficit.
Code sections: Appropriation/Budget -

  Agenda Text

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Requesting the appropriation of $139,096 from the Unreserved Fund Balance ("Free Cash") Account to the Central Hill PARC Account to cover a grant deficit.

 

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Official Text

To the Honorable City Council:

 

I respectfully request an appropriation of $139,096 from the Unreserved Fund Balance ("Free Cash")  to the Central Hill Parc Grant (Fund 470051). The grant was not able to be fully reimbursed because of project delays related to supply chain disruptions.

 

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

 

Respectfully Submitted,

Katjana Ballantyne, Mayor