Minutes 03/12/2002 - Laserfiche WebLink

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March 12, 2002 - City Manager's Report - 02 - 73 - Adoption of an ordinance to appropriate $29,306 in the Capital Improvements Fund to be used for costs related to air conditioning schools. Recommendation: · Adoption of an ordinance to appropriate $29,306 in the Capital Improvements Fund to be used for costs related to air conditioning schools. Purpose and Need: · On October 18, 2001, the School Board of the City of Portsmouth adopted a resolution requesting the City Council to appropriate $29,306 to fund school air conditioning projects. In a memo to the City Manager dated October 23, 2001 the Superintendent of Schools has requested that this appropriation be considered by City Council. · These funds represent a portion of the unspent appropriation from Fiscal Year 2000. In accordance with the council resolution adopted on June 12, 2001, the School Board is requesting 75% of the amount to be returned ($39,074) be appropriated, the remaining 25% will be retained by the City and serve to increase the City's fund balance. Financial Impact: · The impact on the City is minimal. The return of funds will provide an increase to the City's fund balance of approximately $10,000. Motion by Mr. Benn, and seconded by Mr. Robinett, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO APPROPRIATE $29,306 IN THE CAPITAL IMPROVEMENTS FUND TO FUND VARIOUS SCHOOL CAPITAL IMPROVEMENTS." Ayes: Benn, Griffin, Pitts, Robinett, Whitehurst, Holley Nays: None 02 - 74 - Adoption of a resolution supporting efforts of the Virginia First Cities Coalition to improve the financial relationship between state and local government. Recommendation: · Adoption of a resolution supporting efforts of the Virginia First Cities Coalition to improve the financial relationship between state and local government. Purpose and Need: · The City of Portsmouth is a member of the Virginia First Cities Coalition, which was formed to pursue legislative changes to address the inadequacies of funding and inequities that currently negatively impact the urban core cities in the Commonwealth. At the recent Virginia Municipal League meeting the Policy Committee of Virginia First Cities met to discuss two recent Joint Legislative Audit Review Committee (JLARC) studies, which substantiated and further qualified the inadequacy of State funding in critical areas of education and transportation. · The study on education revealed that the State under-funds K thru 12 education up to $1 billion annually, statewide. This same study revealed that local governments were more than fulfilling their financial obligation to education. · The study on transportation noted that the State Highway Maintenance Program was under-funded and that over 40% of Virginia bridges were in need of repair or rehabilitation.