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<br />ORDINANCE 110: 0 1 ~ - 3 4 <br /> <br />AN ORDINANCE TO APPROPRIATE THE SUMS OF $915,393 IN THE FY 2010-11 SCHOOL <br />BOARD RISK MANAGEMENT AND INSURANCE FUND; $955,702 IN THE FY 2011-12 <br />SCHOOL BOARD RISK MANAGEMENT AND INSURANCE FUND; AND $2,100,000 IN THE <br />FY 2011-12 EDUCATION--SCHOOL OPERATING FUND FROM THE FY 2010-11 <br />PORTSMOUTH PUBLIC SCHOOLS RISK MANAGEMENT FUND BALANCE. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br />1. That the sum of $915,393 is hereby appropriated in the FY 2010-11 School Board Risk <br />Management Fund, and estimated revenues in said Fund are increased by the same amount. <br /> <br />2. That the sum of $955,702 is hereby appropriated in the FY 2011-12 School Board Risk <br />Management Fund, and estimated revenues in said Fund are increased by the same amount. <br /> <br />3. That the sum of $2,100,000 is hereby appropriated in the FY 2011-12 Education-School <br />Operating Fund, and estimated revenues in said Fund are increased by the same amount. <br /> <br />4. That the source of said funds is the FY 2010-11 Portsmouth Public Schools Risk <br />Management Fund balance. <br /> <br />5. That Paragraph 1 hereof shall take effect on the date of the adoption of this ordinance. <br /> <br />6. That Paragraphs 2 and 3 hereof shall take effect on July 1,2011. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on May 25, <br /> <br />2011. <br /> <br />Teste: <br /> <br />City Clerk <br />