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<br />R-13-26 <br /> <br />A RESOLUTION AUTHORIZING THE TRANSFER OF $610,000 WITHIN THE FY 2012-13 <br />GENERAL FUND OPERATING BUDGET TO ADDRESS ADDITIONAL EXPENDITURES FOR <br />UTILITY CHARGES AND THE CITY MANAGER'S OFFICE. <br /> <br />WHEREAS, FY 2012-13 expenditures will exceed budgeted amounts for utility charges by <br />$450,000 and for the City Manager's Office by $160,000; and <br /> <br />WHEREAS, sufficient funds are available from appropriated but unencumbered funds in the City <br />Manager's Contingency account and the State Aid Budget Reductions account and from savings in the <br />General Fund to address the additional unanticipated expenditures; and <br /> <br />WHEREAS, City Council is required to authorize the transfer of the subject funds because City <br />Code section 12-5 only permits the City Manager to authorize such transfers in an amount not exceeding <br />$100,000. <br /> <br />NOW THEREFORE BE IT RESOLVED that the City Manager and the Chief Financial Officer <br />be, and hereby are, authorized to transfer the total sum of $610,000 within the FY 2012-13 General Fund <br />Operating Budget to address the additional expenditures for utility charges and the City Manager's Office. <br /> <br />2013. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on June 25, <br /> <br />Teste: <br /> <br />City Clerk <br />