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February 09, 2016
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<br />
<br /> As part of the annual budget process, an estimate of expected grant awards is
<br />used to establish the grants budget for the subsequent fiscal year. Since the final FY
<br />2015-16 grant award amounts were not known during the adoption of the FY2015-16
<br />grants budget in ordinance 2015-29 on May 12, 2015, there are differences between
<br />initial grant award estimates and final grant award amounts for FY2015-16. Based on
<br />review of the actual budget and final grant award notifications from the state and federal
<br />government, the School Board was awarded $35,952 more in funds than what was
<br />originally estimated in the original grants budget in ordinance 2015-29.
<br />
<br /> The following tables reflect the quarterly and annual grant fund appropriation
<br />changes:
<br />
<br />Table 1 - 3rd Quarter FY16
<br /> Current Revised
<br />CategoriesAppropriation Adjustments Appropriation
<br />Instruction 3,637,461 137,363 3,774,824
<br />Administration, Attendance, & Health 159,115 159,115
<br />Pupil Transportation 51,852 51,852
<br />Operation and Maintenance 31,250 31,250
<br />Technology 475,061 475,061
<br />Total Grants Fund 4,354,739 137,363 4,492,102
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<br />Table 2 – Total Annual Grant Appropriation FY16
<br /> Current Revised
<br />CategoriesAppropriation Adjustments Appropriation
<br />Instruction 14,583,178 137,363 14,720,541
<br />Administration, Attendance, & Health 636,460 636,460
<br />Pupil Transportation 207,406 207,406
<br />Operation and Maintenance 125,000 125,000
<br />Technology 1,900,245 1,900,245
<br />Total Grants Fund 17,452,289 137,363 17,589,652
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<br />Financial Impact:
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<br /> The appropriation of these funds will increase the Schools Grants Fund.
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<br />Recommended Action:
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<br /> Adoption of the ordinance. Vision Principles: Quality of Life and Lifelong Learning
<br />Community.
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<br />Next Steps Following Council Action:
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<br /> School Board approval of revised Schools Budget.
<br />
<br /> Finance will complete the necessary budget adjustments.
<br />
<br />Motion by Mr. Moody, 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 $137,363 IN THE INSTRUCTION
<br />CLASSIFICATION OF THE OVERALL AND THIRD QUARTER FY 2015-16 GRANT
<br />FUND BUDGET FOR THE PORTSMOUTH PUBLIC SCHOOLS.”
<br />
<br />Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Whitaker, Wright
<br />Nays: None
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<br />16 - 41 - Adoption of a resolution authorizing the City Manager to execute a Deed
<br />of Easement to Virginia Electric and Power Company, d/b/a Dominion Virginia
<br />Power on property owned by the City of Portsmouth and having a street address
<br />of 234 Mayflower Road for the purpose of installing and maintaining sub-surface
<br />electrical facilities. .
<br />Vision Principle: Efficient, Responsive Government
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