Minutes 05/25/2011 - Laserfiche WebLink

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May 25. 2011 Ayes: Cherry, Edmonds, Heretick, Moody, Randall, Whitehurst, Wright Nays: None - City Manager's Report - 11 - 209 - Adoption of an ordinance to re-appropriate in the FY 2011-12 Education-School Operating Fund the sum of $3,062,208 remaining in funds received from the U.S. Department of Education in Education Jobs Funds monies and previously appropriated in the FY 2010-11 Education-School Operating Fund. Vision Principle: Lifelong Learning Community. Background: . The Education Jobs Fund, Public Law 111-226, approved on August 10, 2010 provides $10 billion in assistance to States to save or create education jobs. . These funds are available for obligation between August 10, 2010 and September 30, 2012. . Portsmouth Public Schools was apportioned $4,019,217 from the Education Jobs Fund. These funds were appropriated for FY2011 by City Council on October 26, 2010. . A School Division may use these funds only for compensation and benefits and other expenses, such as support services, necessary to retain existing employees, to recall or rehire former employees, and to hire new employees, in order to provide early childhood, elementary, or secondary educational and related services. . The School Board paid employees a $500 Christmas Bonus, totaling $957,009 in FY2011, and retained the remaining funds, $3,062,208 for use in FY2012. Discussion: . In order to expend the Education Jobs Funds in FY2012, an appropriation by City Council is required. Financial Impact: . These funds will be used to reduce the impact of the reduction of over $12 million in Virginia and American Recovery and Reinvestment Act (ARRA) funds from the School Board Budget between FY2009 and FY2012. . There is no required match for these funds. Staff Recommends: . Adoption of proposed appropriation ordinance. Vision Principle: Lifelong Learning Community. Motion by Mr. Heretick, and seconded by Ms. Randall, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE TO RE-APPROPRIATE IN THE FY 2011-12 EDUCATION--SCHOOL OPERATING FUND THE SUM OF $3,062,208 RECEIVED FROM THE U.S. DEPARTMENT OF EDUCATION IN EDUCATION JOBS FUNDS MONIES AND PREVIOUSLY APPROPRIATED IN THE FY 2010-11 EDUCATION--SCHOOL OPERATING FUND." Ayes: Cherry, Edmonds, Heretick, Moody, Randall, Whitehurst, Wright Nays: None 11 - 210 - Adoption of an ordinance to appropriate the sums of $915,393 in the FY 2010-11 School Board Risk Management and Insurance Fund; $955,702 in the FY 2011-12 School Board Risk Management and Insurance Fund; and $2,100,000 in the FY 2011-12 Education-School Operating Fund from the FY 2010-11 Portsmouth Public Schools Risk Management Fund balance. Vision Principle: Lifelong Learning Community.