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Requesting the appropriation of $1,542,581 from the Unreserved Fund Balance Account ("Free Cash") to the Reserve for Authorized Snow and Ice Amortization Account and the FEMA Snow Removal Account to eliminate the snow removal deficit.
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Official Text
To the Honorable Board:
I respectfully request an appropriation of $1,542,581 from the Unreserved Fund Balance ("Free Cash") Account to the following accounts for the purpose of eliminating the Snow Removal Deficit incurred in FY2015:
FEMA Snow Removal Account - FY2015 --- $1,072,148
Reserve for Authorized Snow and Ice Amortization - $470,433
This appropriation is a requirement from the State Department of Revenue (DOR) in order to set the FY2018 Tax Rate. No further reimbursement is expected from FEMA to alleviate the deficit.
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