City of Somerville header
File #: 210296    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/10/2020 In control: City Council
On agenda: 6/11/2020 Final action: 6/25/2020
Enactment date: 6/11/2020 Enactment #: 210296
Title: Requesting the appropriation of $15,914,535 to fund the FY21 Water Enterprise Fund Budget.
Code sections: Appropriation/Budget -
Attachments: 1. Water Enterprise Appropriation Order FY2021

  Agenda Text

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Requesting the appropriation of $15,914,535 to fund the FY21 Water Enterprise Fund Budget.

 

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Official Text

To the Honorable City Council:

 

I hereby submit, subject to the approval of your Honorable Board, an appropriation in the amount of    $15,914,535  to fund the Fiscal year 2021 Water Enterprise Fund Budget. The Water Enterprise Fund Budget is broken down into the attached appropriations in the categories of Personal Services, Ordinary Maintenance, Special Items, Capital Outlay, and Debt Service.

 

Sufficient revenues shall be raised from charges to meet said appropriation in addition to an estimated $713,220 in indirect costs funded in the General Fund. Retained Earnings in the amount of $699,725 will be appropriated as a source of funds for the Budget.

 

Thank you for your attention to this request.

 

Respectfully Submitted,

Joseph A. Curtatone, Mayor