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ROME NO 17 -85 <br />AN ORDINANCE TO RE- APPROPRIATE UNEXPENDED FUNDS FROM THE <br />FY 2017 PORTSMOUTH PUBLIC SCHOOLS RISK MANAGEMENT FUND <br />BUDGET IN THE TOTAL AMOUNT OF $4,695,154 INTO THE FY 2018 <br />OVERALL AND FIRST QUARTER RISK MANAGEMENT FUND BUDGET <br />FOR THE PORTSMOUTH PUBLIC SCHOOLS. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That it appropriates the sum of $4,695,154 into the overall and First <br />Quarter FY 2018 Risk Management Fund budget for the Portsmouth Public Schools. <br />2. That the source of the appropriation is funds appropriated by the City to <br />the FY 2017 Risk Management Fund budget which were not expended prior to June 30, <br />2017. <br />3. That the estimated revenues and expenditures in the overall and First <br />Quarter FY 2018 Portsmouth Public Schools Risk Management Fund budget are <br />increased by $4,695,154. <br />4. That the revised overall and First Quarter funding appropriations for the <br />FY 2018 Portsmouth Public Schools Risk Management Fund budget are as shown on <br />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 />