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.p #. .~1 _ 201,6 27 <br />AN ORDINANCE AUTHORIZING THE TRANSFER OF THE REPORTING OF <br />THE PORTSMOUTH PUBLIC SCHOOLS SELF-HEALTH INSURANCE <br />PROGRAM FROM THE PPS GENERAL FUND BUDGET TO THE RISK <br />MANAGEMENT FUND AND THE REALIGNMENT OF THE PPS BUDGET TO <br />ACCOMMODATE THE TRANSFER, INCLUDING BY MOVING THE INITIAL <br />FY 2015-16 HEALTH INSURANCE RESERVE OF $5,763,696 FROM THE <br />GENERAL FUND TO THE RISK MANAGEMENT FUND. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That it authorizes the transfer of the reporting of the Portsmouth Public <br />Schools self-health insurance program from the Portsmouth Public Schools General Fund <br />to the Portsmouth Public Schools Risk Management Fund. <br />2. That the transfer shall be applied to the overa112015-16 appropriations to <br />the Portsmouth Public Schools. <br />3. That the revised overall categorical funding appropriations for the FY <br />2015-16 Portsmouth Public Schools General Fund Operating Budget are as shown on <br />Exhibit A hereto. <br />4. That the revised overall appropriations for the FY 2015-16 Portsmouth <br />Public Schools Risk Management Fund are as shown on Exhibit B hereto. <br />5. That this ordinance shall take effect on the date of its adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on Apri126, 2016. <br />Teste: <br />City Clerk <br />