City of Somerville header
File #: 24-0843    Version: 1
Type: Mayor's Request Status: Approved
File created: 5/28/2024 In control: City Council
On agenda: 5/30/2024 Final action: 6/25/2024
Enactment date: 6/20/2024 Enactment #: 217302
Title: Requesting the appropriation of $700,000 from the Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund for a Fire Alarm Alerting System.
Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, Fire, Infrastructure-Capital Projects
Code sections: Appropriation/Budget -

Agenda Summary

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Requesting the appropriation of $700,000 from the Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund for a Fire Alarm Alerting System.

 

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Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council appropriate $700,000 from the Unreserved Fund Balance ("Free Cash") to the Capital Projects Stabilization Fund  for the purpose of funding a Fire Alarm Alerting System.

 

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