City of Somerville, Massachusetts - File #: 207531

• File #: 207531
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 2/11/2019
• In control: City Council
• On agenda: 2/14/2019
• Final action: 3/28/2019
• Enactment date: 2/14/2019
• Enactment #: 207531
• Title: Requesting the appropriation of $77,620 from the Sewer Enterprise Fund Retained Earnings Account to the Sewer Enterprise Fund Debt Service Account in order to fully fund FY2019 Debt Service.
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
4/1/2019	6	BOA	Mayoral Approval
3/28/2019	5	City Council	Approved
3/26/2019	4	Finance	Approved
2/14/2019	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting the appropriation of $77,620 from the Sewer Enterprise Fund Retained Earnings Account to the Sewer Enterprise Fund Debt Service Account in order to fully fund FY2019 Debt Service.

body

Official Text

To the Honorable City Council:

I respectfully request an appropriation of $77,620 from the Sewer Enterprise Fund Retained Earnings to the following accounts in the Sewer Enterprise Fund:

Principal on Long Term Debt -$59,801

Interest on Long Term Debt - $17,819

The purpose of the appropriation is to fully fund FY2019 Debt Service.

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

Respectfully Submitted,

Joseph A. Curtatone, Mayor