City of Somerville, Massachusetts - File #: 23-0983

• File #: 23-0983
• 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 #: 215698
• Title: Requesting the appropriation of $200,000 from the Water Enterprise Retained Earnings Account to the Water Stabilization Fund to support the Water-Sewer Capital Investment Plan.
• 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 $200,000 from the Water Enterprise Retained Earnings Account to the Water Stabilization Fund to support the Water-Sewer Capital Investment Plan.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate $200,00 from Water Enterprise Fund Retained Earnings as certified on July 1, 2022 to the Water Stabilization Fund.

These funds will be used to support the Water-Sewer Capital Investment Plan.

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