City of Somerville header
File #: 25-1412    Version: 1
Type: Mayor's Request Status: Approved
File created: 9/5/2025 In control: City Council
On agenda: 9/11/2025 Final action: 9/30/2025
Enactment date: 9/25/2025 Enactment #: 219509
Title: Requesting approval of a transfer of $350,048 from the Department of Infrastructure and Asset Management (IAM) Ordinary Maintenance Professional & Technical Services Account to the IAM Capital Outlay Professional & Technical Services Account.
Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, Infrastructure & Asset Management
Code sections: Transfer of Funds -

Agenda Summary

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Requesting approval of a transfer of $350,048 from the Department of Infrastructure and Asset Management (IAM) Ordinary Maintenance Professional & Technical Services Account to the IAM Capital Outlay Professional & Technical Services Account.

 

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Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council approve the transfer of $350,048 from the Department of Infrastructure and Asset Management (IAM) Ordinary Maintenance Professional & Technical Services (OM P&T) Account (0112952-530000) to the IAM Capital Outlay Professional & Technical Services Account (0112958-53000). The OM P&T annual appropriation is used to fund professional services that often span fiscal years, and the creation of a Capital Outlay account will allow the Department to retain unspent fiscal year funds in a stabilization fund to continue service.

 

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

 

Respectfully Submitted,

Katjana Ballantyne, Mayor