City of Somerville header
File #: 24-0830    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 #: 217289
Title: Requesting the appropriation of $403,187 from the Unreserved Fund Balance ("Free Cash") to the Energy Stabilization Fund for projects that reduce carbon emissions and energy costs.
Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, Mayor-Sustainability & Environment
Code sections: Appropriation/Budget -

Agenda Summary

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Requesting the appropriation of $403,187 from the Unreserved Fund Balance ("Free Cash") to the Energy Stabilization Fund for projects that reduce carbon emissions and energy costs.

 

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Official Text

 

To the Honorable City Council:

 

The Mayor respectfully requests that this Council appropriate $403,187 from the Unreserved Fund Balance ("Free Cash") to the Energy Stabilization Fund  for the purpose of funding projects that reduce carbon emissions and energy costs for city operations. The amount appropriated is the amount estimated to be savings incurred from the period February 1, 2023-April 30, 2024.

 

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