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<br />AN ORDINANCE TO APPROPRIATE $423,354,027 FOR THE OPERATION OF CITY
<br />GOVERNMENT DURING THE FISCAL YEAR BEGINNING JULY 1, 2016.
<br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia:
<br />1. That the Fiscal Year 2016 - 2017 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, 2016 and ending June 30, 2017:
<br />Sums appropriated from:
<br />A. 100 General Fund Revenue
<br />Real Property Taxes $92,451,076
<br />Personal Property Taxes 24,749,907
<br />Other General Property Taxes 2,688,232
<br />Other Local Taxes 30,268,121
<br />Utility Tax Revenue 16,277,216
<br />State -Non Categorical Aid 10,452,832
<br />State -Shared Expenses 9,185,664
<br />State -Categorical Aid 19,660,691
<br />Charges For Services 6,835,319
<br />Investment Income 10,000
<br />Fines and Forfeiture 798,000
<br />Miscellaneous Revenues 328,913
<br />Other Financing Sources 552,999
<br />Total Recovered Cost 2,987,391
<br />Licenses and Permits 926,037
<br />Use of Property 1,645,223
<br />Payment In Lieu of Taxes 2,074,622
<br />Operating Transfers In 10,109,556
<br />Fund Balance 6,035,208
<br />Total Revenues $238,037,007
<br />B. 200 Debt Fund Revenue
<br />Operating Transfers In $40,187,115
<br />Total Revenues $40,187,115
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