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<br />AN ORDINANCE TO APPROPRIATE $385,779,831 FOR THE OPERATION OF CITY
<br />GOVERNMENT DURING THE FISCAL YEAR BEGINNING JULY 1, 2014.
<br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia:
<br />1. That the Fiscal Year 2014-15 Operating Budget for the City of Portsmouth, Virginia
<br />is hereby approved.
<br />2. In order to provide the requisite funds for said operating budget, the following sums
<br />are hereby appropriated from the following revenue sources to the following fund categories for the
<br />fiscal year beginning July 1, 2014 and ending June 30, 2015:
<br />Sums appropriated from:
<br />A. 100 General Fund Revenue
<br />Real Property Taxes $88,270,194
<br />Personal Property Taxes 24,221,203
<br />Other General Property Taxes 3,100,000
<br />Other Local Taxes 29,742,279
<br />Utility Tax Revenue 16,012,815
<br />State -Non Categorical Aid 10,426,179
<br />State -Shared Expenses 9,280,370
<br />State -Categorical Aid 19,169,993
<br />Charges For Services 6,127,966
<br />Investment Income 30,714
<br />Fines and Forfeiture 618,327
<br />Miscellaneous Revenues 15,300
<br />Other Financing Sources 541,726
<br />Total Recovered Cost 3,636,554
<br />Licenses and Permits 843,179
<br />Use of Property 1,960,000
<br />Payment In Lieu of Taxes 1,994,836
<br />Operating Transfers In 10,308,689
<br />Fund Balance 6,581,674
<br />Total Revenues $232,881,998
<br />B. 400 Behavioral Healthcare Service Fund Revenue
<br />State Non-Categorical Aid $288,004
<br />State Categorical Aid 9,651,713
<br />Federal Revenue 1,462,403
<br />Charges for Services 295,000
<br />Operating Transfer In 651,169
<br />Fund Balance 242,857
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