← Appropriations & Oversight Committee · 2014-11-24 · Appropriations and Oversight Committee Meeting
ORDER-2015-55 : Appropriation in the amount of $194,259.32 From A/C #6000-319000 - Sewer, Retained Earnings To: A/C #6000-330001- Sewer Reserve of Retained Earnings.
Agenda original PDF
Minutes original PDF
ORDER-2015-55 Appropriation Appropriation in the amount of $194,259.32 From A/C #6000-319000 - Sewer, Retained Earnings To: A/C #6000-330001- Sewer Reserve of Retained Earnings. Recommend Passage Board of Aldermen
Transcript
▶ 2:03:38 John N. Tramontozzi: Motion to recommend for . Anything further, Mr. DelaRusso, on this? No. So we have a motion to recommend by Alderman Mortimer. Second. Seconded by Alderman Forbes. On the motion, any further discussion? Seeing none, on the motion, all in favor? Aye. Any opposed? Great, so that will be recommended to the full board. The next order up is order 2015-55 appropriation in the amount of $194,259.32. From accounts 6000-319000 sewer retained earnings to accounts 6000-330001 sewer reserve of retained earnings. Do you want to consolidate the rest of them? Because they involve water and sewer. Motion to join the orders. Second. Motion by Alderman Mortimer to join the rest of the orders, seconded by Alderman Boisselle. On the motion, all in favor? Aye. I will read them into the record. Order 2015-61, a transfer in the amount of $15,978 from account 0604412-529000, sewer, professional services, $10,000 in accounts 0604412-529200. Sewer expense MWRA assessment, $5,978. Two accounts sewer overtime, account 604411-513000. Also order, select that, 201556. Appropriation in the amount of $25,000 from sewer reserve of retained Accounts 6,000-330001, two sewer equipment parts. Excuse me, accounts 604412-536320. And finally, order 2015-54, appropriation in the amount of $160,788.59 from the water retained earnings. Account 6100-3190002, the Water Reserve of Retained Earnings. Account 6100-330001. Mr. Shenner, you're on board again.
▶ 2:06:01 Speaker 4: Ms. Del Rosso?
▶ 2:06:03 Speaker 2: Yes, if I may, I would just like to begin with order number 215-55. Very good. The 194 to 5932, asking that that money go from unreserved to reserved for SOAR. The board's policy has been for the last two years and going forward at over a five year period, we strive to have 10% set up in each reserve fund for water and SOAR. Having said that, this would go to that effort and
▶ 2:06:42 Speaker 2: That would provide an amount of 225,229.32 in total in the SOAR reserve fund prior to the request by DPW for the $25,000. Got it.