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ORDRAW MD. 2017-82 <br />AN ORDINANCE TO RE- APPROPRIATE UNEXPENDED FUNDS FROM THE <br />FY 2017 PORTSMOUTH PUBLIC SCHOOLS GRANT FUND BUDGET IN THE <br />TOTAL AMOUNT OF $328,447 INTO THE FY 2018 PORTSMOUTH PUBLIC <br />SCHOOLS GRANT FUND BUDGET. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That it appropriates the sum of $328,447 into the FY 2018 Grant Fund <br />budget for the Portsmouth Public Schools. <br />2. That the source of the appropriation is prefunded state grant money which <br />was appropriated into the FY 2017 Portsmouth Public Schools Grant Fund budget but not <br />expended, including: (a) 544,241 of unexpended funds from the Virginia Preschool <br />Initiative; (b) $31,224 of unexpended funds from the Early Reading Initiative; (c) <br />$41,250 of unexpended funds from the SOL Algebra Readiness Grant; and (d) $21 1,732 <br />of additional grant funding which was encumbered but not expended in FY 2017. <br />3. That the estimated revenues and expenditures in the FY 2018 Grant Fund <br />budget are increased by $328,447. <br />4. That the revised funding appropriation for the FY 2018 Portsmouth Public <br />Schools Grant Fund budget is as shown on Exhibit A 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 September 12, 2017. <br />Teste: <br />City Clerk <br />