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<br />flR1J1NANCE NO. 2008 -14 <br /> <br />AN ORDINANCE APPROPRIATING $53,520 IN THE FY 2007-2008 GENERAL <br />FUND OPERATING BUDGET FOR EXPENDITURE ON A TRANSFER TO THE <br />FY 2007-2008 CAPITAL PROJECTS FUND FOR A NEW WILSON HIGH <br />SCHOOL ATHLETIC FACILITIES EDUCATIONAL CAPITAL PROJECT. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br />1. That the sum of $53,520 is appropriated in the FY 2007-2008 General <br />Fund Operating Budget for expenditure on a transfer to the FY 2007-2008 Capital <br />Projects Fund for a new Wilson High School Athletic Facilities Educational Capital <br />Project. <br /> <br />2. That the source of said appropriation is unused FY 2005-2006 school <br />operating funds received as an operating transfer from the Portsmouth Public Schools for <br />re-appropriation in FY 2007-2008. <br /> <br />3. That estimated revenues in the FY 2007-2008 General Fund Operating <br />Budget are increased by $53,520. <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 February 12,2008. <br /> <br />Teste: <br /> <br />City Clerk <br />