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3. That the sum of $22,445,509 be, and the same hereby is, appropriated to the PPS Grant Fund for Fiscal Year 2025. 4. That the sum of $11,242,350 be, and the same hereby is, appropriated to the PPS Food Services Fund for Fiscal Year 2025. 5. That the sum of $23,600,000 be, and the same hereby is, appropriated to the PPS Risk Management Fund for Fiscal Year 2025. 6. That the sum of $1,986,945 be, and the same hereby is, appropriated to the PPS Textbook Fund for Fiscal Year 2025. 7. That the FY 2025 Local Share shall be delivered to Portsmouth Public Schools in twelve equal monthly payments. 8. As of the date of adoption of this Ordinance, the Commonwealth of Virginia has not finalized its budget for Fiscal Year 2025. It is anticipated that the Commonwealth's adopted budget will appropriate funding for 3% teacher and school support staff raises (the "3% State Raises"). City Council is committed to providing funding for the 3% State Raises in FY 2025 if and to the extent the Commonwealth does not. Therefore, the City's FY 2025 Operating Budget Ordinance proposes to appropriate $3,104,586 to a line item in the General Fund labeled "Council Priority Contingency". To the extent the Commonwealth does not fully fund the 3% State Raises, the Council Priority Contingency shall be used for that purpose (up to a maximum amount of $3,104,586). 9. That the appropriation of any funds other than the Local Share to Portsmouth Public Schools by this or any other ordinance shall be subject to and conditioned upon the receipt of those funds from the federal government, the state government, or any other source of Portsmouth Public Schools Revenues as shown in Section 1 above. 10. That all unspent appropriations under this ordinance or any ordinance appropriating funds for the FY 2025 Portsmouth Public Schools budget shall lapse at the end of the fiscal year, as provided under Section 22.1-100 of the Code of Virginia. Funds encumbered but unpaid by the end of the fiscal year will be deemed unspent appropriations that will require re -appropriation by the City Council. 11. That this ordinance shall take effect on July 1, 2024. ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on May 14, 2024. Teste: City Clerk.