City of Somerville, Massachusetts - File #: 211468

• File #: 211468
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 3/21/2021
• In control: City Council
• On agenda: 3/25/2021
• Final action: 4/8/2021
• Enactment date: 3/25/2021
• Enactment #: 211468
• Title: Requesting the appropriation of $294,399 from Unreserved Fund Balance ("Free Cash") to the Energy Stabilization Fund.
• Code sections: Stabilization Fund -

Date	Ver.	Action By	Action	Result
4/8/2021	5	City Council	Approved
4/6/2021	4	Finance	Approved
3/25/2021	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting the appropriation of $294,399 from Unreserved Fund Balance ("Free Cash") to the Energy Stabilization Fund.

body

Official Text

To the Honorable City Council:

I respectfully request an appropriation of $294,399 from Unreserved Fund Balance ("Free Cash")  to the Energy Stabilization Fund.  This appropriation will provide start-up funds for the operation of the Fund.

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