Minutes 01/28/1992 - Laserfiche WebLink

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249 January 28, 1992 The name of the property owners are A. C. Boatwright and M. G. Whitehurst. The amount to be deposited ~to the credit of the Clerk of the Circuit Court of the City of Portsmouth is $~,200.00." Ayes: Clemons, Corprew, Epperson, King, Hawks, Lucas, Webb Nays: None 92-35 - Letter from the City Manager recommending adoption of a motion submitting the Quarterly Financial Report for the period ended December 31, 1991. "In accordance with Section 12-64 of the City Code, the Quarterly Financial Report for the period ended December 31, is herewith submitted. 1991 Actual revenues to date stand at 41 percent of the revenues estimated for the year, and 44 percent of the appropriations have been expended as of December 31, 1991. During.the same quarter last year 41 percent of the estimated revenues had been received and expenditures were 44 percent of the budget appropriations. Therefore, at this point in time revenues and expenditures, as a percentage of budget, are the same as last year's. Similar activity should be expected for the remainder of the fiscal yeart taking into account that fourth quarter revenues are disproportionately large and variable. At this point, there does not appear to be any indication of substantial problems with respect to either the revenues or the expenditures. It remains my intention however, to continue to examine all vacancies for possible elimination of positions as well as other expenditures for the potential to save money." Motion of Mr. King, and seconded by Mr. Epperson, to accept the Quarterly Financial Report period ended December 1991, as information, and by the following vote: 31, Ayes: Clemons, Corprew, Epperson, King, Hawks, Williams, Webb Nays: None - NEW BUSINESS - 92-36 - Boards and Commissions No appointments were made. 92-37 Motion of Mr. Clemons and seconded by Mr. Epperson to go into Executive Session pursuant to provisions of Section 2.1-344 of the ~ode of Virginia for the following: (1) Discussion and consideration of the performance of the City Manager as permitted under Subsection (A) (1); (2) Consideration of appointments to Boards and Commissions by the City Council as permitted under Subsection (A) (1). Motion adopted by unanimous vote.