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May 12, 2015
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<br />
<br />Portsmouth Public Schools -
<br /> The first quarterly financial report and request for
<br />
<br />appropriation to the Portsmouth Public School Board:
<br />Instruction $ 25,842,851
<br />Administration, Attendance, and Health 1,814,661
<br />Pupil Transportation 1,754,921
<br />Operation and Maintenance 3,818,518
<br />Debt and Fund Transfers 682,658
<br />Technology 1,224,311
<br />Total General Fund $ 35,137,920
<br />
<br />Other Funds:
<br />
<br />
<br /> Grants Fund $ 4,354,739
<br /> Food Services Fund 2,106,625
<br /> Risk Management Fund 238,925
<br /> Textbook Fund 340,970
<br />Total Other Funds $ 7,041,259
<br />
<br />Total First Quarter Appropriation $ 42,179,179
<br />
<br />
<br /> By Virginia law, the operating budget must be in balance, with estimated
<br />revenues and other funding sources equaling appropriations. The Proposed Operating
<br />Budget for Fiscal Year 2015 – 2016 complies with this law.
<br />
<br />Recommended Action:
<br />
<br /> Adoption of the attached Ordinances and Resolutions to appropriate the Fiscal
<br />Year 2015 – 2016 Operating and Capital Budgets. Vision Principles: Change and New
<br />Directions, A Robust Economy for the Working Men and Women, Lifelong Learning
<br />Community, Neighborhoods and A Sense of Community, Effective, Responsive
<br />Government, Quality of Life, Pride of Past
<br />
<br />Next Steps Following Council Action:
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<br />
<br /> The City Manager has ultimate responsibility and authority for implementation of
<br />the Annual Operating Budget, the Capital Improvement Plan and Fleet Management
<br />Plan. The Chief Financial Officer has day to day responsibility for ensuring the budget
<br />
<br />is spent as appropriated by the City Council.
<br />
<br /> The City will transfer one-third of the quarterly appropriation to the Schools on a
<br />monthly basis. City Council will consider the second quarterly school appropriation in
<br />
<br />September, 2015.
<br />
<br /> The Annual Action Plan will be submitted to HUD by May 15, 2015. HUD has a
<br />
<br />45-day comment period and the FFY 2016 Program Year will start July 1, 2015.
<br />
<br />1. Mark Geduldig-Yatrofsky, P. O. Box, voiced his concern with the budget process.
<br />
<br />1. Pat Simons, 1700 Cotton Farm Lane, Suffolk, spoke in opposition to the increase in
<br /> the tax rate.
<br />
<br />2. Ron Evans, 14 Chippewa Trail, spoke in opposition to the increase in the tax rate.
<br />
<br />Motion by Dr. Whitaker, and seconded by Dr. Edmonds, to adopt the following
<br />ordinance, and was adopted by the following vote:
<br />
<br />15-197 (A)
<br />
<br />“ORDINANCE TO AMEND AND RE-ENACT ORDINANCE NO. 2014-47 TO IMPOSE
<br />AND LEVY TAXES FOR EACH FISCAL YEAR BEGINNING JULY 1, 2015 AND
<br />ENDING JUNE 30, 2016, ON REAL ESTATE, TANGIBLE PERSONAL PROPERTY,
<br />PRIVATELY-OWNED PLEASURE BOATS, PRIVATELY-OWNED CAMPING
<br />TRAILERS AND MOTOR HOMES, AND MACHINERY AND TOOLS WITHIN THE
<br />CITY OF PORTSMOUTH, VIRGINIA, FOR THE PURPOSE OF RAISING REVENUE
<br />FOR THE SUPPORT OF GOVERNMENTAL OPERATIONS AND THE PUBLIC FREE
<br />SCHOOLS AND TO PAY PRINCIPAL AND INTEREST ON THE PUBLIC DEBT.”
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