Minutes 05/09/2017 - Laserfiche WebLink

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May 9, 2017 n. Adoption of an ordinance approving the Fiscal Year 2018-2022 Capital Improvement Program and appropriating $43,378,713 in the Fiscal Year 2018 Capital Improvement Fund and $6,104,000 in the Fiscal Year 2018 Public Utilities Capital Improvement Fund. It is noted that 1) funds totaling $86,088 from project 18507, Harbor Center Pavilion, are proposed to be reallocated to CIP Project 15007, Outdoor Recreation Facility Repair/Replacement, for lighting and ball field improvements 2) funds totaling $550,000 for CIP project 102, Facility Assessment Plan, are proposed to be reallocated to a CIP Project entitled Woodrow Wilson Cooling Towers and 3) funds totaling $500,000 are identified as project closeout funding from project 14415, 801 Water Street, for Project 143, Public Safety Facilities Plan. These revisions maintain the same appropriation total for the FY2018 Capital Improvement Program. Portsmouth Public Schools  City funding of Portsmouth Public School operations and the total School Budget will be appropriated by category on a quarterly basis with the exception of the grants fund.  City Council will consider each subsequent quarterly appropriation upon receipt of a quarterly financial report and request for appropriation from the School Board by the: o. Adoption of an ordinance approving the Fiscal Year 2018 Operating Budget for the Portsmouth Public Schools in the amount of $192,985,789 and appropriating the necessary funds by classifications to implement (1) the Grant Fund category of said budget for the entire Fiscal Year 2018 and (2) the remainder of said budget for the First Quarter of Fiscal Year 2018. Financial Impact:  City Operating Budget- By Virginia law, the operating budget must be in balance, with estimated revenues and other funding sources equaling appropriations. The Proposed Operating Budget for Fiscal Year 2018 complies with this law.  Community Planning and Development - Funds will be available for undertaking the priorities established by the 5-Year Consolidated Plan and in agreement with the statutory purposes of the CDBG and HOME programs. There is no matching fund requirement for CDBG funds. HOME funds require a match contribution of not less than 25% of the HOME funds drawn.  Capital Improvement Program – The sums of $43,378,713 in the Capital Improvement Fund and $6,104,000 in the Public Utilities Capital Improvement Fund are appropriated for expenditures in the following categories and amounts. Drainage and Street Improvements $14,513,312 Education 6,999,500 Leisure Services 1,393,313 Industrial and Economic Development 350,000 Municipal Facilities 15,189,568 Fleet Management 4,933,020 Total Capital Improvement Fund $43,378,713 Water $2,804,000 Sewer 3,200,000 Municipal Facilities 100,000 Total Public Utilities Capital Improvement Fund $6,104,000  Portsmouth Public Schools - The first quarterly financial report and request for appropriation to the Portsmouth Public School Board: