SomervilleMeetings

23-0929 Mayor's Request Approved

Requesting the appropriation of $1,000,000 from the Unreserved Fund Balance ("Free Cash") to the Compensated Absence Liability Fund.

Introduced
May 30, 2023
Assigned to
City Council
Enactment #
215671
View on Legistar

History

  1. Jun 27, 2023
    City Council Mayoral Approval
  2. Jun 22, 2023
    City Council Approved · roll call: pass Meeting agenda, item 6.J22.
  3. Jun 21, 2023
    Finance Recommended to be discharged with no recommendation Meeting agenda, item 13.
  4. Jun 8, 2023
    City Council Referred for recommendation Meeting agenda, item 7.17.

Official text

To the Honorable City Council: The Mayor respectfully requests that this Council appropriate $1,000,000 from the Unreserved Fund Balance ("Free Cash") to the Compensated Absence Liability Fund for the purpose of a reserve for long-term vacation and sick leave buyback purposes. 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