City of Somerville, Massachusetts - File #: 203623

• File #: 203623
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/6/2017
• In control: City Council
• On agenda: 6/8/2017
• Final action: 6/22/2017
• Enactment date: 6/8/2017
• Enactment #: 203623
• Title: Requesting the appropriation of $599,139 in FY2017 Water Enterprise Fund Retained Earnings as a funding source for the FY2018 Water Enterprise Fund Budget and to mitigate a rate increase.
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
6/26/2017	6	BOA	Mayoral Approval
6/22/2017	5	City Council	Approved
6/22/2017	4	Finance	Recommended to be discharged with no recommendation
6/8/2017	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting the appropriation of $599,139 in FY2017 Water Enterprise Fund Retained Earnings as a funding source for the FY2018 Water Enterprise Fund Budget and to mitigate a rate increase.

body

Official Text

Dear Honorable Board Members:

I respectfully request an appropriation of $599,139 from Water Enterprise Fund Retained Earnings certified as of July 1, 2016 to the FY2018 Water Enterprise Fund Budget to act as a funding source and to mitigate a user rate increase.

Thank you for your attention to this request.

Respectfully submitted,

Joseph A. Curtatone

Mayor