City of Somerville header
File #: 208341    Version: 1
Type: Mayor's Request Status: Placed on File
File created: 6/3/2019 In control: City Council
On agenda: 6/3/2019 Final action: 6/27/2019
Enactment date: 6/5/2019 Enactment #: 208341
Title: Requesting an appropriation of $928,436 to fund the FY2020 Veterans Memorial & Founders Ice Rink Enterprise Fund Budget.
Code sections: Appropriation/Budget -
Attachments: 1. Ice Rink 2020 Budget

  Agenda Text

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Requesting an appropriation of $928,436 to fund the FY2020 Veterans Memorial & Founders Ice Rink Enterprise Fund Budget.

 

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Official Text

To the Honorable City Council:

 

I hereby submit, subject to the approval of your Honorable Council, an appropriation in the amount of $928,436 to fund the Fiscal year 2020 Veterans Memorial & Founders Ice Rink Enterprise Fund Budget. The appropriation is broken down into the attached Personal Services, Ordinary Maintenance, Debt Service, and Special Items Accounts. Program revenue in the amount of $635,425 will be raised to fund the proposed budget. In addition, Retained Earnings in the amount of $35,115 will also be tapped as well as a $257,896 subsidy from the General Fund.

 

Thank you for your attention to this request.

 

Respectfully Submitted,

Joseph A. Curtatone, Mayor