City of Somerville, Massachusetts - File #: 23-0982

• File #: 23-0982
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/5/2023
• In control: City Council
• On agenda: 6/8/2023
• Final action: 6/27/2023
• Enactment date: 6/22/2023
• Enactment #: 215697
• Title: Requesting the appropriation of $1,300,000 from the Sewer Enterprise Retained Earnings Account to the Sewer Capital Stabilization Fund to build reserves for the Water-Sewer Capital Improvement Program.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, Water & Sewer
• Code sections: Appropriation/Budget - , Stabilization Fund -

Date	Ver.	Action By	Action	Result
6/27/2023	1	City Council	Mayoral Approval
6/22/2023	1	City Council	Approved	Pass
6/21/2023	1	Finance Committee	Recommended to be discharged with no recommendation
6/8/2023	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the appropriation of $1,300,000 from the Sewer Enterprise Retained Earnings Account to the Sewer Capital Stabilization Fund to build reserves for the Water-Sewer Capital Improvement Program.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate $1,300,000 from the Sewer Enterprise Retained Earnings Account certified as of July 1, 2022 to the Sewer Capital Stabilization Fund. The purpose of the appropriation is to build reserves for the Water-Sewer Capital Improvement Program.

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

Respectfully Submitted,

Katjana Ballantyne, Mayor