City of Somerville header
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 -

  Agenda Text

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

 

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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