Finance Committee — Agenda, May 21, 2024

City of Somerville, Massachusetts Finance Committee Regular Meeting Agenda Virtual 6:00 PM Tuesday, May 21, 2024 https://us02web.zoom.us/webinar/register/WN_BOy-u-tWR4SdhSj_xSHqcw (Posted online: 5/15/24 at 11:30 AM) Pursuant to Chapter 2 of the Acts of 2023, this meeting of a City Council Committee will be conducted via remote participation. We will post an audio recording, audio-video recording, transcript, or other comprehensive record of these proceedings as soon as possible after the meeting on the City of Somerville website and local cable access government channels. Copy & paste the following link into your internet browser to view this meeting live: https://us02web.zoom.us/webinar/register/WN_BOy-u-tWR4SdhSj_xSHqcw Individuals with disabilities who need auxiliary aids and services for effective communication (i.e. CART, ASL), written materials in alternative formats, or reasonable modifications in policies and procedures, in order to access the programs and activities of the City of Somerville or to attend meetings, should contact Adrienne Pomeroy in advance, at [phone removed] x2059 or ada@somervillema.gov. Roll Call 1. Committee Minutes (ID # 24-0652) Agenda Ready: Approval of the Minutes of the Finance Committee Meeting of May 7, 2024. Personnel Requests 2. Mayor's Request (ID # 24-0654) Referred for Recommendation: Requesting approval to use available funds in the City Clerk Salaries account in the amount of $1,913.40 to fund a Legislative Services Manager position. Appropriations 3. Mayor's Request (ID # 24-0655) Referred for Recommendation: Requesting the appropriation of $250,000 from the Unreserved Fund Balance (“Free Cash”) to the Law Department Legal Services Account for anticipated outside legal counsel invoices. Page 1 of 3

Finance Committee Regular Meeting Agenda May 21, 2024 Bonding 4. Mayor's Request (ID # 24-0644) Referred for Recommendation: Requesting authorization to borrow $3,010,000 in a bond, and to appropriate the same amount for the recurring FY 2024 Building Improvements program. Grant and Gift Acceptances 5. Mayor's Request (ID # 24-0643) Referred for Recommendation: Requesting approval to accept and expend a $50,000 grant with no new match required from Home Energy Efficiency Team, Inc. to the Office of Sustainability and Environment for a feasibility study to identify potential locations for geothermal networks. 6. Mayor's Request (ID # 24-0669) Referred for Recommendation: Requesting approval to accept and expend an up to $60,000 grant with no new match required, from the Low Income Housing Water Assistance Program through the City of Cambridge to the Water and Sewer Department for income eligible ratepayers who are directly billed for their service(s) and who have an arrearage. 7. Mayor's Request (ID # 24-0666) Referred for Recommendation: Requesting approval to accept and expend a $28,000 grant with no new match required, from Massachusetts Department of Environmental Protection to the Department of Public Works for the Recycle Dividend Program. Transfers 8. Mayor's Request (ID # 24-0668) Referred for Recommendation: Requesting approval of a transfer of $80,000 from the Department of Public Works (DPW) Lights & Lines accounts to the DPW Grounds Professional and Technical account to cover year-end grounds maintenance expenses. Prior Year Invoices 9. Mayor's Request (ID # 24-0660) Referred for Recommendation: Requesting approval to pay prior year invoices totaling $70 using available funds in the Department of Public Works Fleet Division R&M Vehicles account for vehicle inspection invoices. Page 2 of 3

Finance Committee Regular Meeting Agenda May 21, 2024 10. Mayor's Request (ID # 24-0661) Referred for Recommendation: Requesting approval to pay prior year invoices totaling $7,075 using available funds in the Department of Public Works Buildings Division Rental Buildings account for portable restroom rental services. 11. Mayor's Request (ID # 24-0627) Referred for Recommendation: Requesting approval to pay prior year invoices totaling $32,695 using available funds in the Parks and Recreation Building Rental account for portable invoices. Referenced Documents: • Finance - 2024-05-21 HEET Grant Memo (with 24-0643) Page 3 of 3