City of Somerville header
File #: 23-0933    Version: 1
Type: Mayor's Request Status: Approved
File created: 5/30/2023 In control: City Council
On agenda: 6/1/2023 Final action: 6/14/2023
Enactment date: 6/8/2023 Enactment #: 215564
Title: Requesting the appropriation of $7,796,452 from the Unreserved Fund Balance ("Free Cash") to the Facility Renovation and Reconstruction Stabilization Fund to support the FY 2023 5-Year Capital Investment Plan.
Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury
Code sections: Appropriation/Budget - , Stabilization Fund -

Agenda Summary

title

Requesting the appropriation of $7,796,452 from the Unreserved Fund Balance ("Free Cash") to the Facility Renovation and Reconstruction Stabilization Fund to support the FY 2023 5-Year Capital Investment Plan.

 

body

Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council appropriate $7,796,452 from the Unreserved Fund Balance ("Free Cash") to the Facility Renovation and Reconstruction Stabilization Fund to support the FY2023 5-Year Capital Investment Plan.

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

 

Respectfully Submitted,

Katjana Ballantyne, Mayor