City of Somerville header
File #: 213850    Version: 1
Type: Mayor's Request Status: Approved
File created: 5/23/2022 In control: City Council
On agenda: 5/26/2022 Final action: 6/23/2022
Enactment date: 5/26/2022 Enactment #: 213850
Title: Requesting the appropriation of $71,135 from Unreserved Fund Balance ("Free Cash") to the Workers Compensation Insurance Fund, to remediate an end of year deficit.
Code sections: Appropriation/Budget -

  Agenda Text

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Requesting the appropriation of $71,135 from Unreserved Fund Balance ("Free Cash") to the Workers Compensation Insurance Fund, to remediate an end of year deficit.

 

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Official Text

To the Honorable City Council:

 

I respectfully request an appropriation of $71,135 from the Unreserved Fund Balance ("Free Cash") to the Workers Compensation Insurance Fund in order to remediate an end of year deficit.

 

The funds will pay for additional medical bills and claims.

 

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