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AN ORDINANCE AUTHORIZING THE APPROPRIATION OF $1,469,000 <br />FROM THE GENERAL FUND — FUND BALANCE TO THE NON - <br />DEPARTMENTAL, BENEFITS - RETIREE SUPPLEMENT LINE ITEM IN THE <br />FY 2021 GENERAL FUND BUDGET FOR THE PURPOSE OF FUNDING A <br />ONE -TIME SUPPLEMENT IN THE GROSS AMOUNT OF $1,500 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 />y�...l <br />the Non - Departmental, Benefits — Retiree Supplement Line Item in the FY 2021 General <br />_'. I hat the funds so transferred shall be used to fund a one -time supplement <br />in the gross amount of $1,500 to beneficiaries under the Portsmouth Supplemental <br />Retirement System and the Fire and Police Retirement System. <br />I That the Non - Departmental, Benefits — Retiree Supplement line item in <br />the FY 2021 General Fund budget is increased by $1,469,000. <br />4. That estimated revenues and expenditures in the FY 2021 General Fund <br />Operating Budget are increased by $1,469,000. <br />5. 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 October 27, 2020. <br />Teste: <br />City Clerk <br />