SomervilleMeetings

24-0824 Mayor's Request Approved

Requesting the appropriation of $500,000 from the Unreserved Fund Balance ("Free Cash") to the Compensated Absence Liability Fund.

Introduced
May 26, 2024
Assigned to
City Council
Enactment #
217283
View on Legistar

History

  1. Jun 25, 2024
    City Council Mayoral Approval
  2. Jun 20, 2024
    City Council Approved · roll call: pass Meeting agenda, item 6.H.11.
  3. Jun 18, 2024
    Finance Recommended to be discharged with no recommendation Meeting agenda, item 27.
  4. May 30, 2024
    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 $500,000 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