D-20

BOROUGH OF SOMERVILLE

SEWER UTILITY FUND

RESERVE FOR AMORTIZATION

YEAR ENDED DECEMBER 31, 2021

REF.
Balance - December 31, 2020 D $ 2,580,727.78
Increased by:
Serial Bonds Paid D-23 40,000.00
Balance - December 31, 2021 D $ 2,620,727.78
D-21

DEFERRED RESERVE FOR AMORTIZATION

YEAR ENDED DECEMBER 31, 2021

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ORD.
NO.
IMPROVEMENT DESCRIPTION Date BALANCE
DEC. 31, 2020
FUNDED BY RESERVE
FOR PAYMENT OF
DEBT SERVICE
BALANCE
DEC. 31, 2021
General Improvements:
1143 Various Sewer Improvements $ 469.83 $ 469.83
2142 Various Sewer Improvements 44,999.72 44,999.72
2190 Various Sewer Improvements 70,058.00 70,058.00
2307 Sewer Improvements 06/15/99 47,788.47 47,788.47
2360 Sewer Improvements 06/08/11 5,000.00 $ 2,000.00 7,000.00
2378 Various Sewer Improvements 02/21/12 10,000.00 8,000.00 18,000.00
2501 Various Sewer Improvements 05/02/16 18,000.00 20,000.00 38,000.00
2517 Various Sewer Improvements 04/07/17 150,000.00 6,000.00 156,000.00
2571 Various Sewer Improvements 05/20/19 9,000.00 10,000.00 19,000.00
2613 Various Sewer Utility Improvements 04/20/20 17,500.00 19,000.00 36,500.00
$ 372,816.02 $ 65,000.00 $ 437,816.02
Ref. D D-24, D-25 D
See Independent Auditors' Report
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