Minutes 07/28/1998 - Laserfiche WebLink

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/,"22 July 28, 1998 Ayes: Benn, Griffin, Moody, Robinett, Whitehurst, Holley Nays: None 98-178 Adoption of an ordinance appropriating $105,601 in the City's Capital Improvement Fund for use by the schools for improvements and renovations of school buildings and appropriating $1,110,476 in the school operating fund due to increased State funding which was not- known at the time of adoption of the FY 1999 budget. Recommendatio_ n: Adoption of an ordinance appropriating $105,601 in the City's Capital Improvement Fund for use by the schools for improvements and renovations of school buildings and appropriating $1,110,476 in the School 0 perating Fund. ~Need: · The schools have remitted $105,601 back to the City as unexpended funds arising out of the FY 1997 School Operating Budget. Per City Council authorization, unspent funds may be re-appropriated. These funds will be designated for the schools' capital improvement and renovation projects. The General Assembly final budget adoption provided increased funding for the K-3 program. Therefore, $317,443 needs to be appropriated in the School Operating Fund for this purpose. In addition, the General Assembly has provided $793,033 in school construction funds under the newly adopted school construction program which are required to be appropriated in the Schools Operating Fund. Financial Impact: · The $105,601 and $1,110,476 provides a total of $1,216, D77 in additional funding for the schools. · There is no financial impact on the City budget. Motion by Mr. Griffin, and seconded by Mr. Robinett, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO APPROPRIATE $105,601 IN THE CAPITAL IMPROVEMENT FUND FOR PUBLIC SCHOOL CAPITAL IMPROVEMENT PROJECTS AND $1,110,476 IN THE SCHOOL OPERATING FUND." Ayes: Benn, Griffin, Moody, Robinett, Whitehurst, Holley Nays: None 98-179 Adoption of an ordinance to appropriate $194,820 of Program Income for the HOME Program to be used for eligible activities for those at risk of becoming homeless, Recommendation: · Adoption of an ordinance to appropriate $194,820 of Program Income for HOME Prog ram eligible activities.