City Manager's Agenda 2022 #249

Official designation: CMA 2022-249

Transmitting Communication from Yi-An Huang, City Manager, relative to the appropriation in the amount of $9,812,215.88 from Free Cash to the Public Investment Fund Capital Projects Control Account ($7,036,323.82); to the Grant Fund Historical Control Account ($29,909.04); to the Grant Fund Public Celebrations Control Account ($78,836.02) and to the Grant Fund Police Control Account ($92,457.00), as well ($2,574,690) to the Capital Receivables account. This is an accounting transaction adjustment requested by the Massachusetts Department of Revenue (DOR), Division of Local Service) based on a change in their position and will eliminate negative balances which have been included in our annual Free Cash calculation for several years