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~~ 2015 27
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<br />AN ORDINANCE TO APPROPRIATE $443,333,941 FOR THE OPERATION OF CITY
<br />GOVERNMENT DURING THE FISCAL YEAR BEGINNING JULY 1, 2015
<br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia:
<br />1. That the Fiscal Year 2015 - 2016 Operating Budget for the City of Portsmouth,
<br />Virginia 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, 2015 and ending June 30, 2016:
<br />Sums appropriated from:
<br />A. 100 General Fund Revenue
<br />Real Property Taxes $90,664,882
<br />Personal Property Taxes 24,342,977
<br />Other General Property Taxes 2,680,151
<br />Other Local Taxes 29,977,658
<br />Utility Tax Revenue 15,997,244
<br />State -Non Categorical Aid 10,409,898,
<br />State -Shared Expenses 9,061,754
<br />.State -Categorical Aid 19,190,877
<br />Charges For Services 6,063,691
<br />Investment Income 75,000
<br />Fines and Forfeiture 951,500
<br />Miscellaneous Revenues 259,913
<br />Other Financing Sources 500,329
<br />Total Recovered Cost 3,126,942
<br />Licenses and Permits 780,300
<br />Use of Property 1,641,317
<br />Payment In Lieu of Taxes 2,006,492
<br />Operating Transfers In 13,349,160
<br />Fund Balance 4,640,047
<br />Total Revenues $235,770,132
<br />B. Debt Fund Revenue
<br />Operating Transfers In $39,567,317
<br />Total Revenues $39,567,317
<br />C. 400 Behavioral Healthcare Service Fund Revenue
<br />State Non-Categorical Aid $293,004
<br />State Categorical Aid 9,249,444
<br />Federal Revenue 1,448,356
<br />Charges for Services 40,000
<br />Miscellaneous Revenues 150,000
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