Minutes 06/23/2009 - Laserfiche WebLink

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June 23. 2009 BE IT FURTHER RESOLVED that this resolution be spread upon the minutes of the Council, and that a copy thereof be presented to his family in recognition of his service and respected statue in this community." Ayes: Heretick, Moody, Psi mas, Randall, Whitehurst, Holley Nays: None . Presentation honoring Specialist Shawn Dante Sykes for his service to the citizens of Portsmouth and this Nation. . Proclamation presented to Reverend Rob Edward for "World Changers Week." - City Manager's Report - 09 - 335 - Adoption of an ordinance transferring the sum of $250,000 from the FY 2008- 2009 City Garage Fund and appropriating said sum in the FY 2008-2009 General Fund to assist in reducing the shortfall in the FY 2008-2009 General Fund. Vision Principles: Lifelong Learning Community. Background: . Due to tough economic times resulting from reductions in the state budget and revenue projections falling substantially below the FY2009 budgeted amounts, and in order to present a balanced budget as required by state law, the City Garage fund agreed to transfer a portion of their fuel savings for FY09 to the General Fund to assist in closing the gap. Discussion: . It is recommended that a transfer in the amount of $250,000 be made from the City Garage fund to the General Fund in order to reduce the overall shortfall. Financial Impact: . The source of the appropriated funds is a City Garage fund transfer from their fuels budget line to the General Fund. Staff Recommends: . Adoption of ordinance. Vision Principles: Lifelong Learning Community. Next Steps Following Council Action: . The Chief Financial Officer will ensure that the budget action required to increase the total appropriations in the General Fund by $250,000 be processed immediately upon adoption of the ordinance. Motion by Mr. Whitehurst, and seconded by Mr. Heretick, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TRANSFERRING THE SUM OF $250,000 FROM THE FY 2008-2009 CITY GARAGE FUND AND APPROPRIATING SAID SUM IN THE FY 2008-2009 GENERAL FUND TO ASSIST IN REDUCING THE SHORTFALL IN THE FY 2008- 2009 GENERAL FUND." Ayes: Heretick, Moody, Randall, Whitehurst, Holley Nays: None 09 - 336 - Adoption of an ordinance to transfer the sum of $500,000 from the FY 2008- 2009 Risk Management Fund and to appropriate $500,000 in the FY 2008-2009 Capital Improvement Fund and to transfer $300,000 from the CIP Project No. 17507, Park View Acquisition, to the CIP Project No. 15907, Disposition of School Properties, in the Capital Improvement Fund for the demolition of the former Hunt-Mapp School Building located on Willett Drive. Vision Principles: Thriving Neighborhoods and a Sense of Community, A Robust and Prospering Economy, Pride of the Past, Promise of the Future.