City of Somerville header
File #: 212065    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/9/2021 In control: City Council
On agenda: 6/10/2021 Final action: 6/24/2021
Enactment date: 6/10/2021 Enactment #: 212065
Title: Requesting the appropriation of $500,000 from Unreserved Fund Balance ("Free Cash") to the Compensated Absence Liability Fund.
Code sections: Appropriation/Budget -

  Agenda Text

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Requesting the appropriation of $500,000 from Unreserved Fund Balance ("Free Cash") to the Compensated Absence Liability Fund.

 

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Official Text

To the Honorable City Council:

 

I respectfully request an appropriation of $500,000 from Unreserved Fund Balance ("Free Cash")  to the Compensated Absence Liability Fund. This appropriation is the seed money to place into operation the fund.

 

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