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<br />. <br /> <br />. <br /> <br />. <br /> <br />ORDINANCE NO- 2005.,47 <br /> <br />AN ORDINANCE APPROPRIATING $85,853 IN THE CITY'S FY 2004-2005 <br />GENERAL FUND OPERATING BUDGET FOR SCHOOL BUS DEBT SERVICE <br />EXPENDITURES. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br />1. That the City has received an operating transfer of $85,853 from the <br />Portsmouth School Board to cover debt service payments resulting from the lease <br />purchase financing of nineteen school buses under the City's Master Lease with Bank of <br />America Leasing and Capital. <br /> <br />2. That the sum of$85,853 is appropriated in the FY 2004-2005 General <br />Fund Operating Budget for said purpose. <br /> <br />3. That the City's estimated operating transfer revenue from the School <br />Board in the FY 2004-2005 General Fund Operating Budget is increased by $85,853. <br /> <br />4 That this ordinance shall take effect on the date of its adoption. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on June 14,2005. <br /> <br />Teste: <br /> <br />City Clerk <br />