Laserfiche WebLink
UU�II� 020 -12 <br />AN ORDINANCE TO: (1) ACCEPT GRANT FUNDING FROM THE VIRGINIA <br />DEPARTMENT OF EDUCATION IN THE AMOUNT OF $255,652 AND <br />APPROPRIATE SAID SUM IN THE FY 2020 PORTSMOUTH PUBLIC <br />SCHOOLS GRANTS FUND BUDGET; AND (2) AUTHORIZE THE TRANSFER <br />OF $42,410 FROM THE FY 2020 PORTSMOUTH PUBLIC SCHOOLS <br />GENERAL FUND BUDGET TO THE FY 2020 PORTSMOUTH PUBLIC <br />SCHOOLS GRANTS FUND BUDGET TO SERVE AS THE REQUIRED LOCAL <br />MATCH FOR THE SAID GRANT. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That it accepts grant funding from the Virginia Department of Education <br />in the amount of $255,652 and appropriates said sum in the FY 2020 Portsmouth Public <br />Schools Grants Fund budget. <br />2. That it authorizes the transfer of $42,410 from the FY 2020 Portsmouth <br />Public Schools General Fund budget to the FY 2020 Portsmouth Public Schools Grants <br />Fund budget to serve as the required local match for the said grant. <br />3. That the estimated revenues and expenditures in the FY 2020 Portsmouth <br />Public Schools Grants Fund budget are increased by $298,062. <br />4. That the estimated revenues and expenditures in the FY 2020 Portsmouth <br />Public Schools General Fund budget are decreased by $42,410. <br />5. That the revised funding appropriation for the FY 2020 Portsmouth Public <br />Schools Grants Fund budget and the FY 2020 Portsmouth Public Schools General Fund <br />budget are as shown on Exhibit A hereto. <br />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 February 11, 2020. <br />Teste: <br />City Clerk <br />