City of Somerville, Massachusetts - File #: 210322

• File #: 210322
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/19/2020
• In control: City Council
• On agenda: 6/19/2020
• Final action: 7/14/2020
• Enactment date: 6/19/2020
• Enactment #: 210322
• Title: Requesting an appropriation of $1,000,000 from Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund.
• Code sections: Stabilization Fund -

Date	Ver.	Action By	Action	Result
7/21/2020	5	BOA	Mayoral Approval
7/14/2020	4	City Council	Approved
6/19/2020	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting an appropriation of $1,000,000 from Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund.

body

Official Text

To the Honorable City Council:

I respectfully request an appropriation of $1,000,000 from Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund to fund pay-as-you go Capital Projects.

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

Respectfully Submitted,

Joseph A. Curtatone, Mayor