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<br />August 25, 2015
<br />
<br />Discussion:
<br />
<br /> On July 8, 2015, the School Board received a rebate from Optima Health in the
<br />amount of $776,526 on Health Insurance premiums paid during calendar year
<br />2014.Additionally, the School Board received an additional $12,223 in State funding for
<br />the textbook fund.
<br />
<br /> These are FY2015 dollars that the School Board wants to appropriate for
<br />FY2016, prior to the end of year close-out.
<br />
<br /> $560,000 is proposed to be used to pay the health insurance premiums of School
<br />employees for 3 months, $216,526 for I. C. Norcom boilers and gym locker
<br />replacements, and the $12,223 for textbooks. The requested appropriations are for use
<br />in the First Quarter of FY 2015-16.
<br />
<br /> On August 1, 2015, the Portsmouth School Board passed two resolutions
<br />requesting that City Council realign its categorical funding to reflect the following:
<br />
<br />TABLE 1
<br /> Current Revised
<br />Categories Appropriation Adjustments Appropriation
<br />Instruction $103,371,405 0 $103,371,405
<br />Administration, Attendance
<br />&Health 7,258,644 560,000 $7,818,644
<br />Pupil Transportation 7,019,684 0 $7,019,684
<br />Operation and Maintenance 15,274,072 216,526 $15,490,598
<br />Facilities 0 0 $0
<br />Debt and Fund Transfer 2,730,631 $2,730,631
<br />Technology 4,897,244 0 $4,897,244
<br />Total General Fund $140,551,680 $776,526 $141,328,206
<br />
<br />
<br />TABLE 2
<br /> Current Revised
<br />Categories Appropriation Adjustments Appropriation
<br />Instruction $1,363,880 $12,223 $1,376,103
<br />Total Textbook Fund $1,363,880 $12,223 $1,376,103
<br />
<br />Financial Impact:
<br />
<br /> The appropriation of these FY2015 funds are requested prior to the School’s
<br />close-out of FY2015 Operating Budget. At this time, we do not know what funds will be
<br />
<br />remaining from FY2015 and returned to the City.
<br />
<br />Recommended Action:
<br />
<br /> Adoption of the ordinance. Vision Principles: Quality of Life and Lifelong Learning
<br />Community.
<br />
<br />Next Steps Following Council Action:
<br />
<br /> Finance will complete the necessary budget adjustments.
<br />
<br />Motion by Dr. Whitaker, and seconded by Mr. Meeks, to adopt the following
<br />ordinance, and was adopted by the following vote:
<br />
<br />“ORDINANCE TO APPROPRIATE THE SUM OF $560,000 IN THE
<br />ADMINISTRATION, ATTENDANCE & HEALTH CLASSIFICATION OF THE FY 2015-
<br />16 PORTSMOUTH PUBLIC SCHOOLS GENERAL FUND, THE SUM OF $216,526 IN
<br />THE OPERATION AND MAINTENANCE CLASSIFICATION OF THE FY 2015-16
<br />PORTSMOUTH PUBLIC SCHOOLS GENERAL FUND, AND THE SUM OF $12,223 IN
<br />THE 2015-16 PORTSMOUTH PUBLIC SCHOOLS TEXTBOOK FUND, WITH ALL OF
<br />THE SAID SUMS BEING APPROPRIATED TO FUND THE FIRST QUARTER OF FY
<br />2015-16.”
<br />
<br />Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Whitaker, Wright
<br />Nays: None
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