City of Somerville, Massachusetts - File #: 206274

• File #: 206274
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/27/2018
• In control: City Council
• On agenda: 6/28/2018
• Final action: 6/28/2018
• Enactment date: 6/28/2018
• Enactment #: 206274
• Title: Requesting the appropriation of $300,000 from the Unreserved Fund Balance ("Free Cash") to the Capital Stabilization Fund.
• Code sections: Stabilization Fund -

Date	Ver.	Action By	Action	Result
7/2/2018	4	BOA	Mayoral Approval
6/28/2018	3	City Council	Approved

  Agenda Text

title

Requesting the appropriation of $300,000 from the Unreserved Fund Balance ("Free Cash") to the Capital Stabilization Fund.

body

Official Text

To the Honorable Board:

I respectfully request an appropriation of $300,000 from the Unreserved Fund Balance ("Free Cash")  Account to the Capital Stabilization Fund for the purpose of funding "pay-as-you-go" projects in the Capital Investment Plan.

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