City of Somerville FY21 Budget

Mission Statement

To protect the fiduciary interests of the City by providing independent, timely oversight of the City’s finances and by ensuring that financial transactions are executed legally, efficiently, and effectively. The Auditing Division serves as a barrier to potential fraud or misuse of city resources.

Changes from FY20

Personal Services are up 2.3% or $19,500. Differences in Salaries are due to negotiated collective bargaining agreements and contractual benefits. The Overtime Account was cut by 11% or $1,110 based on expected usage in FY21.

Ordinary Maintenance is up 6.0% or $6,240. The primary cost driver is the requirement to conduct an OPEB (Other Post Employment Benefits) valuation every two years. The City is required to conduct this valuation for FY2020. The cost of the full valuation is $12,000. In the off years, the requirement is to conduct an update. The cost of the update is $1,500. The OPEB Valuation is reflected in the Accounting and Auditing Account.

Small adjustments downward have been made to a number of line items.

FY21 Budget Proposal

Departmental Organization

FY21 Positions Listing