An Order to appropriate $122,000 from Sewer Retained Earnings for the purpose of funding fiscal year 2025 operating expenditures listed below.
The City of Amesbury approves a $122,000 transfer from Sewer Retained Earnings to fund FY2025 sewer operating costs, including electricity, heat, equipment repairs, lab work, and consulting. The Sewer Retained Earnings balance would drop from $1,124,781 to $1,002,781.
- STEP 1SubmittedJUN 10 2025
- STEP 2 · CURRENTApprovedJUN 24 2025
This ordinance authorizes transferring $122,000 from Sewer Retained Earnings to support the Sewer Fund's FY2025 operating expenditures. It specifies allocations for electricity ($102,000), heat ($3,400), repairs and maintenance for other equipment ($9,600), lab work ($2,000), and consulting ($5,000). The current Sewer Retained Earnings balance is $1,124,781, and the updated balance after the transfer would be $1,002,781. The measure ensures continued sewer operations but reduces reserves accordingly.