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.�� <br />AN ORDINANCE AMENDING THE FUNDING SOURCE IN THE FY 2019 <br />CAPITAL IMPROVEMENT FUND BUDGET FOR THE WATER TREATMENT <br />PLANT BUILDING ASSESSMENT AND REPAIRS PROJECT FROM REVENUE <br />BONDS TO CASH. <br />WHEREAS, in the FY 2019 Capital Improvement Fund Budget adopted by City <br />Council Ordinance 2018 -34 on May 8, 2018, a project was established for the condition <br />assessment of, and repairs to, the Lake Kilby Water Treatment Plant building; and <br />WHEREAS, the FY 2019 Capital Improvement Fund Budget included an <br />appropriation of $150,000 in bond proceeds for the project; and <br />WHEREAS, the source of funding for the said $150,000 is intended to be Public <br />Utility Fund - Fund Balance transferred into the Capital Improvement Fund, and not bond <br />proceeds; <br />NOW, THEREFORE, BE IT ORDAINED by the Council of the City of <br />Portsmouth, Virginia: <br />1. That the source of funding for the $150,000 appropriated in the FY 2019 <br />Capital Improvement Fund budget for the water treatment plant building assessment and <br />repairs project is hereby amended from bond revenues to Public Utility Fund — Fund <br />Balance. <br />2. That $150,000 is hereby appropriated and transferred from the fund balance <br />of the Public Utility Fund to the Capital Improvement Fund for the said purpose. <br />3. That the "Bond Proceeds" revenue source in the adopted FY 2019 Capital <br />Improvement Fund budget is reduced by $150,000. <br />4. That the "Operating Transfers In" revenue source in the adopted FY 2019 <br />Capital Improvement Fund budget is increased by $150,000. <br />5. That estimated revenues and expenditures in the Public Utility Operating <br />Fund budget are increased by $150,000. <br />6. 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 April 9, 2019. <br />Teste: <br />City Clerk <br />