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March 30, 1999
<br />
<br />Figure 8: Summary of School Funding *
<br />
<br /> FY99 FY00
<br />FY98 Adopted Proposed
<br />Actual Budget Bud.qet
<br />
<br />Operating Fund
<br />Grants Fund
<br />Cafeteria Fund
<br />
<br />$ 93,744,148
<br /> 10,240,022
<br /> 6,496,703
<br />
<br />101,058,891
<br /> 12,601,106
<br /> 6,545,000
<br />
<br />Total Funds
<br />
<br />$110,480,873 120,204,997
<br />
<br />% increase over FY 98
<br />
<br />106,023,385
<br /> 12,650,181
<br /> 6,625,000
<br />
<br />* Excludes Student Activity Funds
<br />
<br />125,298,566
<br />
<br />8.8% 13.4%
<br />
<br />In conclusion, this proposed budget includes a City appropriation to the Schools of
<br />$26,874,096 for the public schools, which is an increase of $600,000 over the City's
<br />allocation for fiscal year 1998-99. [Figure 8] Together with funds already appropriated
<br />by the State, this gives the Schools a total budget of $125 million which represents a
<br />4.2% increase, which is equal to the increase in the total City budget.
<br />
<br />SUMMARY OF FY 2000 PROPOSED CITY BUDGET
<br />
<br /> FY 1998-99 FY 1999-2000 Variance Percentage
<br />Source Budget Budget + / - Change
<br />
<br />General Fund
<br />Social Services
<br />Behavioral Healthcare
<br />Public Utilities
<br />Golf Enterprise
<br />Internal Service Funds
<br />Stormwater Management
<br />Education
<br />Other
<br />
<br />$159,228,768 165,459,305 6,230,537 3.9 %
<br />17,222,209 17,905,040 682,831 4.0
<br />9,927,586 9,781,187 (146,399) (1.5)
<br />19,932,483 21,338,278 1,405,795 7.1
<br />1,349,650 2,360,464 1,010,814 74.9
<br />12,095,403 14,221,992 2,126,589 17.6
<br />2,307,330 3,040,940 733,610 31.8
<br />122,917,257 128,010,826 5,093,569 4.1
<br />9,104,215 6,918,252 ¢2,185,963) (24.0)
<br />
<br />Total $ 354,084,901 369,036,284 14,951,383 4.2 %
<br />
<br />CONCLUSION
<br />
<br />It is said that politics is the art of the possible. In a similar vein, whether for a family or a
<br />City government, budgeting is the art of the affordable.
<br />
<br />While this budget provides for continuing operation of the basic services of the City
<br />government and includes additional funding for the City pay plan, public education and
<br />the backlog, there are many valid and needed services that cannot be funded within our
<br />financial constraints. We will continue to assess these needs as other funding sources
<br />or other means of providing services are found.
<br />
<br />Altogether, I believe this proposed budget is in keeping with the spirit of City Council's
<br />spheres of success and for the priorities set for fiscal year 1999-2000. As we continue
<br />to spend responsibly, save prudently and invest wisely, we will continue our journey to
<br />providing high quality services for the people of Portsmouth."
<br />
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