City of Somerville, Massachusetts - File #: 24-0827

• File #: 24-0827
• Version: 1
• Type: Mayor's Request
• Status: Placed on File
• File created: 5/26/2024
• In control: City Council
• On agenda: 5/30/2024
• Final action: 6/20/2024
• Enactment date: 6/20/2024
• Enactment #: 217286
• Title: Requesting the appropriation of $400,000 from the Unreserved Fund Balance ("Free Cash") to the Water Stabilization Fund to support the Water-Sewer Capital Investment Plan.
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
6/20/2024	1	City Council	Placed on file	Pass
6/18/2024	1	Finance	Recommended to be discharged with no recommendation
5/30/2024	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the appropriation of $400,000 from the Unreserved Fund Balance ("Free Cash") to the Water Stabilization Fund to support the Water-Sewer Capital Investment Plan.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate $400,000 from the Unreserved Fund Balance ("Free Cash") to the Water Stabilization Fund  for the purpose of funding the Water-Sewer 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