City of Somerville, Massachusetts - File #: 24-0840

• File #: 24-0840
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 5/27/2024
• In control: City Council
• On agenda: 5/30/2024
• Final action: 6/25/2024
• Enactment date: 6/20/2024
• Enactment #: 217299
• Title: Requesting the appropriation of $1,432,778 from the Water Enterprise Fund Retained Earnings Account to the FY 2025 Water Enterprise Fund budget.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, Water & Sewer
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
6/25/2024	1	City Council	Mayoral Approval
6/20/2024	1	City Council	Approved	Pass
6/18/2024	1	Finance Committee	Recommended to be discharged with no recommendation
5/30/2024	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the appropriation of $1,432,778 from the Water Enterprise Fund Retained Earnings Account to the FY 2025 Water Enterprise Fund budget.

body

Official Text

To the Honorable City Council:

I respectfully request an appropriation of $1,432,778 from the Water Enterprise Retained Earnings Account certified as of July 1, 2023 to the FY 2025 Water Enterprise Fund Budget.

This appropriation will serve as a budgeted subsidy to the FY 2025 Water Enterprise

Fund Budget.

My staff will be available to address any questions you may have. Thank you for your consideration of this item.

Respectfully Submitted,

Katjana Ballantyne, Mayor