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C I fj K'
<br />--t-wDRAME 0
<br />AN ORDINANCE TO APPROPRIATE $431,386,588 FOR THE OPERATION OF CITY
<br />GOVERNMENT DURING THE FISCAL YEAR BEGINNING JULY 1, 2017.
<br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia:
<br />1. That the Fiscal Year 2018 Operating Budget for the City of Portsmouth, Virginia is
<br />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, 2017 and ending June 30, 2018:
<br />Sums appropriated from:
<br />A. 100 General Fund Revenue
<br />Real Property Taxes $93,993,554
<br />Personal Property Taxes 23,001,584
<br />Other General Property Taxes 2,870,241
<br />Other Local Taxes 30,154,548
<br />Utility Tax Revenue 16,535,783
<br />State — Non Categorical Aid
<br />10,405,128
<br />State — Shared Expenses
<br />8,602,407
<br />State — Categorical Aid
<br />19,211,703
<br />Charges For Services
<br />7,248,755
<br />Investment Income
<br />75,000
<br />Fines and Forfeiture
<br />704,221
<br />Miscellaneous Revenues
<br />258,878
<br />Other Financing Sources
<br />2,251,516
<br />Total Recovered Cost
<br />3,174,009
<br />Licenses and Permits
<br />1,177,039
<br />Use of Property
<br />1,768,115
<br />Payment In Lieu of Taxes
<br />2,029,849
<br />Operating Transfers In
<br />9,771,010
<br />Fund Balance
<br />5,835,038
<br />Total Revenues $239,068,378
<br />B. Debt Fund Revenue
<br />Operating Transfers In $39,057,314
<br />Total Revenues $39,057,314
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