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AN ORDINANCE TO AMEND THE CODE OF THE CITY OF PORTSMOUS~, VIR~, <br />1973, AS AMENDED, BY AM~gDING SECTION 11-6 THEREOF; PERI~INING TO <br />TRAN$~'k~S OF APPt~OPRIATIONS. <br /> <br />BE IT ORDALNED by the Council of the City of Portsmouth, Virginia: <br /> <br /> 1. That Section 11-6 of the Code of the City of Portsmouth, <br />Virginia, 1973, as amended, be amended and reora~4ned to read as follows: <br /> <br />Section 11-6. Transfers of appropriations. <br /> <br /> (a) The Director of Finance may, at any time, transfer any .e~cumbered <br />appropriation balance or portion thereof within the san~ general classification <br />of en~pend~tures or within an office, depa~hL~t or agency. <br /> <br /> ~) In the event the City Council shall make appropriations for an <br />Emergency Contingency Fund, the City Manager may thereafter transfer any <br />or all the unencumbered portion thereof to any item of expense cont~ned <br />/n the City budget, reporting such action end reason therefor,- to the <br />City Council at its next regular meeting. <br /> <br />(c) The City Manager may, at any time during the fiscal year, <br />transfer any unemcumbered appropriation balence not to exceed Ten Thousand <br />($10,000.) Dollars frc~ one department, project, program or purpose to <br />another department, project, program or purpose within the san~ accounting <br />fund. <br /> <br />2. This ord~ce shall take effect from the date of its adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, at a <br />meeting held January 10, 1978. <br /> <br />City Clerk <br /> <br /> <br />