City of Somerville, Massachusetts - File #: 25-0051

• File #: 25-0051
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 1/6/2025
• In control: City Council
• On agenda: 1/23/2025
• Final action: 2/24/2025
• Enactment date: 2/13/2025
• Enactment #: 218320
• Title: Requesting the transfer of $346,492 from the Community Preservation Act (CPA) Undesignated Fund Balance to the CPA Community Housing Reserve.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, SPCD-Community Preservation
• Code sections: Transfer of Funds -

Date	Ver.	Action By	Action	Result
2/24/2025	1	City Council	Mayoral Approval
2/13/2025	1	City Council	Approved	Pass
2/11/2025	1	Finance Committee	Recommended to be approved	Pass
1/23/2025	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the transfer of $346,492 from the Community Preservation Act (CPA) Undesignated Fund Balance to the CPA Community Housing Reserve.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate $346,492 from the Community Preservation Act Undesignated Fund Balance to the CPA Community Housing Reserve as recommended by the Community Preservation Committee.

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

Respectfully Submitted,

Katjana Ballantyne, Mayor