City of Somerville, Massachusetts - File #: 24-0829

• File #: 24-0829
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 5/26/2024
• In control: City Council
• On agenda: 5/30/2024
• Final action: 6/25/2024
• Enactment date: 6/20/2024
• Enactment #: 217288
• Title: Requesting the appropriation of $2,589,087 from the Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund to support the 5-Year Capital Investment Plan.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, Infrastructure-Capital Projects
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
6/25/2024	1	City Council	Mayoral Approval
6/20/2024	1	City Council	Approved	Pass
6/18/2024	1	Finance Committee	Recommended to be discharged with no recommendation
5/30/2024	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the appropriation of $2,589,087 from the Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund to support the 5-Year Capital Investment Plan.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate $2,589,087 from the Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund for the purpose of funding the 5 Year Capital Investment Plan.

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