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2018-34 AN ORDINANCE APPROVING THE FY 2019 -2023 CAPITAL IMPROVEMENT PROGRAM AND APPROPRIATING $38,140,062 IN THE FY 2019 CAPITAL IMPROVEMENT FUND, $56,800,000 IN THE FY 2019 PUBLIC UTILITIES CAPITAL IMPROVEMENT FUND AND $250,000 IN THE FY 2019 PARKING AUTHORITY CAPITAL IMPROVEMENT FUND. WHEREAS, the City Manager has submitted to the City Council the Capital Improvement Program for FY 2019 through 2023 and the funding for Year One of the Capital Improvement Program; and WHEREAS, public hearings have been held to receive public comments on the five -year Capital Improvement Program and on funding for Year One of the Capital Improvement Program. BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: 1. That the estimated revenues and revenue contributions and the appropriation of funds to finance the Capital Improvement budgets of and for the City of Portsmouth, Virginia, for the period beginning July 1, 2018 and ending June 30, 2019, be, and the same hereby are, as follows: Capital Improvement Fund Revenue State Categorical Aid State Funding - VDOT Charges for Services Operating Transfers In Bond Proceeds Parking Authority Operating Transfer In Total Revenues Total Revenues Public Utility CIP Fund Revenue $132,000 4,150,000 35,000 12,708,218 21,114, 844 $38,140,062 $250,000 $250,000 Operating Transfer In $900,000 Revenue Bond Proceeds 55,900,000 Total Revenues $ 56,800,000 2. That the five -year FY 2019 -2023 Capital Improvement Program is hereby approved with fiscal years 2020 through 2023 being non - appropriated subsequent planning years.