City of Somerville header
File #: 197332    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/26/2014 In control: City Council
On agenda: 6/26/2014 Final action: 6/26/2014
Enactment date: 6/26/2014 Enactment #: 197332
Title: Requesting a revised appropriation of $812,387 to fund the FY2015 Veterans Memorial and Founders Ice Rink Enterprise Fund Budget.
Code sections: Appropriation/Budget -
Attachments: 1. Final Appropriation FY15 Ice Rink Enterprise Fund v2

  Agenda Text

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Requesting a revised appropriation of $812,387 to fund the FY2015 Veterans Memorial and Founders Ice Rink Enterprise Fund Budget.

 

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Official Text

Dear Honorable Board Members:

 

I am submitting to your Honorable Board a revised FY2015 Appropriation Order for the Veterans Memorial and Founders Ice Rink Enterprise Fund in the amount of eight hundred twelve thousand, three hundred eighty seven dollars ($812,387). This revised Appropriation Order reflects budgetary changes reducing $48,709 in Appropriations from the Budget submitted on June 5, 2014. The revised budget was submitted to your Honorable Board during the budget process but not officially submitted at a full meeting of the Board. . 

 

Estimated revenues to fund the FY 2015 Veterans Memorial Ice Rink include the following:

 

Program Revenue                           $ 648,900

Transfers from General Fund           $ 150,000

Retained Earnings                            $ 14,271

 

Estimated revenues are projected to exceed the budgeted appropriations by $783.44.

 

I would like to commend the Board of Aldermen for their diligence and efforts during this budget process.

 

Respectfully submitted,

 

Joseph A. Curtatone

Mayor