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ORDINANCE NOE 2018-111 <br />AN ORDINANCE APPROPRIATING THE SUM OF $500,000 FROM THE <br />GENERAL FUND — UNASSIGNED FUND BALANCE TO THE NON - <br />DEPARTMENTAL, BENEFITS — RETIREE SUPPLEMENT LINE ITEM IN THE <br />FY 2019 GENERAL FUND BUDGET FOR THE PURPOSE OF FUNDING A <br />ONE -TIME SUPPLEMENT IN THE GROSS AMOUNT OF $500 TO <br />BENEFICIARIES UNDER THE PORTSMOUTH SUPPLEMENTAL <br />RETIREMENT SYSTEM AND THE FIRE AND POLICE RETIREMENT <br />SYSTEM. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That it hereby appropriates the sum of $500,000 from the General Fund — <br />Unassigned Fund Balance to the Non - Departmental, Benefits — Retiree Supplement line <br />item in the FY 2019 General Fund Budget. <br />2. That the appropriation shall be used to fund a one -time supplement in the <br />gross amount of $500 to beneficiaries under the Portsmouth Supplemental Retirement <br />System and the Fire and Police Retirement System. <br />3. That estimated revenues and expenditures in the Non - Departmental, <br />Benefits — Retiree Supplement line item in the FY 2019 General Fund Budget are <br />increased by $500,000. <br />4. 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 November 13, 2018. <br />Teste: <br />City Clerk <br />