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<br />_1O_2oo~ <br /> <br />AN ORDINANCE TO AMEND THE CITY'S FY 2005-2006 GENERAL FUND <br />OPERATING BUDGET TO INCREASE THE ESTIMATED REVENUES AND <br />EXPENDITURES BY THE SUM OF $2,222,398 TO PROVIDE FOR OPERATING <br />TRANSFERS TO THE DONATIONS, COMPREHENSIVE SERVICES ACT, <br />AND CAPITAL IMPROVEMENT FUNDS AND THE PAYMENT OF OTHER <br />OPERATING COSTS. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br />\. That, pursuant to Section 15.2-2507 of the Code of Virginia (1950), as <br />amended. a public hearing was duly advertised and held on June 13,2006 on a proposed <br />amendment to increase the City's FY 2005-2006 General Fund Operating Budget. <br /> <br />2. That the FY 2005-2006 General Fund Operating Budget be amended by <br />appropriating an additional $2,222,398 to be used for operating transfers and the payment <br />of other operating costs as follows: <br /> <br />Operating transfers to: <br />Donations Fund <br />Comprchensive Services Act Fund <br />Capital Improvements Fund <br /> <br />$ 22,224 <br />$ 489,515 <br />$ 1,396,406 <br /> <br />Other Operating Costs <br /> <br />$ 314.253 <br /> <br />TOTAL <br /> <br />$ 2,222.398 <br /> <br />3. That the sources of said appropriations are as follows: <br />nTelos legal settlement proceeds $ 1,445,000 <br />State reimbursements $ 464.918 <br />Canteen funds $ 15,322 <br />FY 2004-2005 unspent <br /> Public School funds $ 297.158 <br />TOTAL $ 2.222,398 <br /> <br />4. That estimated revenues in the FY 2005-2006 General Fund Operating <br />Budget be increased by $2,222,398. <br />