Minutes 04/23/1991 - Laserfiche WebLink

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Ayes: N~y~: Clemens, None ~ Aprlt 23, ~199~ ~ ~ Corp~ew, Epperson, King, Hawks, 585 Lucas, Webb 91-150 Letter from the City Manager recommending ~doption of a motion! to tranSfer $20,000 from the Grants Contingency Account~ for th~ ~useums as awarded by the Business ConSortium f~r Arts Suppor~ ~f South Hampton Roads. I m leased to inform ou that the BusinesS ConsOrtium for Arts S6pport of South Hampton Roads has awarded the Cit~ of Portsm~u~.h $20,000. These funds have been awarded to the City to provid~ ~inancial support for the Museums. I ~reby recommend the acceptance of these funds a the transf, of $20,000 from the Grants Contingency Accountl" M~ .on of Mrs. Lucas and seconded by Mr. King toi a~cept the funds ~vided by the Business Consortium for Arts Suipp~rt of South [p~on Roads and transfer the $20,000 from the! G~ants Contin ~cy Account for financial support for the Museums was adopte~ ~n first and final reading and by the foilowiinglvote: A] e~: Clemens, Corprew, EpPerson, King, Hawks,i L~cas, Webb N~ [ys: None 91~-~51 Letter from the City Manager transmittinig ~he Quarte!~l~ Financial Report for the period ended Marc~ 3~, !991. "::n accordance with Section 12-64 of the City Coide! the Quarte!~ly Financial Report~ for the period ended Marc_h 3~, 1991, is herewithI submitted. Actcal revenues to date stand at ~2 percent of tihei revenues estima!~ed for the year, and 71 percent of the appropriations have oeen e]~pended as of ~arch 31, 1991. During the same iquarter last year 6~. percent of the estimated revenues had been re, ce~ved and expendl.t{]res| were 70 percent of the budget appropriations. T]~e~efore, at this point in time expenditures a~e ~lightly higher t~an last year's. Similar activity should be iex~ected for the re~a~nder of tn~s f~scal year, taking into account that f quarte~ revenues are disproportionately large and varl~a~le. At this p~iht, there does not appear to be any indication ~f substa]~t~al problems with respect to either the rev~n!ue~ or the expend:, tires. I ~herefore, recommend your acceptance of the Qua_~terly Financl Report for the period ending March 31, 1991." the Qu~ 1991, vote. Commis~ O~ A] )n of Mr. Epperson and seconded by Mr. Clemoins ;erly Financial Report for the period ending iMa was adopted on first and final reading and !by NEW BUSINESS - 91-~52 ilns appointments. 'P~OVED°ti°n- ~jmeeting was adjourned Mayor There were no names to be considered fo~ B at 8:25 p.m. I City Cler~ to accept ~ch 31, unanimous )ards and