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<br />AN ORDINANCE TO APPROPRIATE $461,563,317 FOR THE OPERATION OF CITY
<br />GOVERNMENT DURING THE FISCAL YEAR BEGINNING JULY 1, 2020.
<br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia:
<br />1. That the Fiscal Year 2021 Operating Budget for the City of Portsmouth, Virginia is
<br />hereby approved.
<br />2. In order to provide the requisite funds for said operating budget, the following sums
<br />are hereby appropriated from the following revenue sources to the following fund categories for the
<br />fiscal year beginning July 1, 2020 and ending June 30, 2021:
<br />Sums appropriated from:
<br />100 General Fund Revenue
<br />Real Property Taxes
<br />$102,407,696
<br />Personal Property Taxes
<br />25,073,040
<br />Other General Property Taxes
<br />3,684,726
<br />Other Local Taxes
<br />34,582,590
<br />Utility Tax Revenue
<br />14,877,770
<br />State — Non Categorical Aid
<br />10,400,381
<br />State — Shared Expenses
<br />9,423,853
<br />State — Categorical Aid
<br />20,810,999
<br />Charges For Services
<br />4,714,666
<br />Investment Income
<br />885,812
<br />Fines and Forfeiture
<br />339,089
<br />Miscellaneous Revenues
<br />2,122,628
<br />Other Financing Sources
<br />555,373
<br />Total Recovered Cost
<br />3,626,620
<br />Licenses and Permits
<br />1,135,802
<br />Use of Property
<br />1,753,402
<br />Payment In Lieu of Taxes
<br />2,317,440
<br />Operating Transfers In
<br />9,859,154
<br />Fund Balance
<br />5,386,500
<br />Total Revenues
<br />$253,957,541
<br />200 Debt Fund Revenue
<br />Other Financing Sources $0
<br />Operating Transfers In 38,897,577
<br />Fund Balance 1,546,437
<br />Total Revenues $40,444,014
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