Veterans Memorial & Founders Rinks Enterprise Fund

City of Somerville FY21 Budget

Changes from FY20

Revenue projections reduced significantly due to expected slowdown in activity at the rinks due to COVID-19. Fee revenue is projected at $315,000 - a 48% reduction from FY20. To compensate, the General Fund subsidy to the Rinks Enterprise has been increased to $483,282.

Personal Services costs are down 20% from a reduction in part-time employee usage in the coming year.

Ordinary Maintenance costs projected 8.6% lower based on adjustments to expenditures and the transition of insurance premiums onto the City's plan.

Debt Service costs up slightly based off annual adjustments to principal and interest payments.

FY21 Revenue Projection

FY21 Budget Proposal