approve2025-104
I move that we approve Bill 2025-104 as presented.
2025-104 · BUDGET · 2025
An Order to appropriate from the General Stabilization Fund and the Ambulance Receipts Reserved Fund to balance the fiscal year 2026 budget.
The City Council approves a $400,000 appropriation to balance the FY2026 General Fund budget, funded by transfers from the Stabilization Fund and the Ambulance Receipts Reserved Fund. The Stabilization Fund will be replenished with Free Cash once certified by the DOR, subject to Council action.
approved CITYWIDE
- STEP 1SubmittedOCT 14 2025
- STEP 2 · CURRENTApprovedOCT 28 2025
AI summary · plain-language
This order uses reserves to balance Amesbury's FY2026 General Fund budget by transferring $200,000 from the General Stabilization Fund and $200,000 from the Ambulance Receipts Reserved Fund. The plan calls for replenishing the Stabilization Fund with Free Cash once it is certified by the Massachusetts Department of Revenue, subject to appropriation by the City Council. This is a one-time financing step to ensure the city can operate for FY2026 while maintaining a path to restore stabilization funds when finances permit.
Key provisions
§1 Appropriates $400,000 to balance the FY2026 General Fund budget.
§2 Transfers $200,000 from the Stabilization Fund to the General Fund.
§3 Transfers $200,000 from the Ambulance Receipts Reserved Fund to the General Fund.
§4 Replenishes the Stabilization Fund with Free Cash equal to the appropriation, once certified by the DOR.
Discussed at meetings
City CouncilCity Council Meeting
refer2025-104
I move that we refer 2025-104 to budget and Finance instead of second reading for October 28th