An Order to authorize a transfer from the Water Retained Earnings account of $48,000 to the Water Sick Leave Buy-Back (610-0450-5152) account.

The City of Amesbury adopts an internal budget transfer transferring $48,000 from Water Retained Earnings to the Water Sick Leave Buy-Back account to cover anticipated sick leave buy-back payouts for two Water Treatment Plant Assistant Chief Operators who are retiring in July 2026. The move is based on the upcoming retirements and the current balance of Water Retained Earnings ($536,423.67). It constitutes a budget adjustment within the Water Fund and does not create new revenue or alter overall tax obligations. This ensures funds are available to fulfill potential employee buy-back obligations while maintaining the Water Enterprise’s financial integrity.