City of Somerville, Massachusetts - File #: 206079

• File #: 206079
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/9/2018
• In control: City Council
• On agenda: 6/14/2018
• Final action: 6/28/2018
• Enactment date: 6/14/2018
• Enactment #: 206079
• Title: Requesting a transfer of $2,576,212 from the Salary Contingency Salaries Account to the Salary & Wage Stabilization Fund.
• Code sections: Stabilization Fund -

Date	Ver.	Action By	Action	Result
7/2/2018	8	BOA	Mayoral Approval
6/28/2018	7	City Council	Approved
6/28/2018	6	Finance	Approved
6/27/2018	5	Finance	Kept in committee
6/26/2018	4	Finance	Kept in committee
6/14/2018	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting a transfer of $2,576,212 from the Salary Contingency Salaries Account to the Salary & Wage Stabilization Fund.

body

Official Text

To the Honorable Board:

I respectfully request a transfer in the amount of $2,576,212 from the Salary Contingency, Salaries Account to the Salary and Wage Stabilization Fund. The amount of $2,576,212 is the estimated balance in the General Fund Salary Contingency, Salaries Account as of June 30, 2018. This transfer preserves these funds in the Stabilization Fund for future collective bargaining settlements and various other salary adjustments.

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

Respectfully,

Joseph A. Curtatone, Mayor