Minutes 05/12/2020 - Laserfiche WebLink

Home Browse Search

May 12, 2020 i) Adoption of an ordinance adopting the Fiscal Year 2021 Classification and Pay Plan for the employees of the City of Portsmouth, Virginia. j) Adoption of an ordinance to appropriate $461,563,317 for the operation of city government during the fiscal year beginning July 1, 2020. Capital Improvement Program  For Fiscal Year 2021, upon adoption by Council, the funding is authorized by appropriation.  Fiscal Years 2022-2025 of the Capital Improvement Program are approved for long-term planning purposes but not appropriated.  The Ordinance necessary to adopt the Fiscal Year 2021-2025 Capital Improvement Program is attached to this report for City Council action as item (f) identified above. Portsmouth Public Schools  The Ordinance necessary to adopt the Fiscal Year 2021 Portsmouth Public Schools Budget is attached to this report for City Council action as item (g) identified above. 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 2021 complies with this law. Under the Operating Budget ordinance proposed for adoption, appropriations under the Budget will made available on the approval of the City Manager. Based on the potential financial impacts of COVID-19, it is anticipated that the City Manager will restrict various areas within department operations to curtail spending during the First Quarter of FY 2021. It is further anticipated that the City Manager will adjust spending levels appropriately once the revenue picture for FY 2021 is more clear based on realized revenues for the period ending September 30, 2020 and updated revenue projections.  Community Planning and Development--Funds will be available for priorities established by the Annual Action Plan and current 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 $24,987,313 in the Capital Improvement Fund and $100,000 in the Parking Authority Capital Improvement Fund are appropriated for expenditures in the following categories and amounts. Drainage and Street Improvements $13,231,000 Education $550,000 Leisure Services $975,000 Industrial and Economic Development $200,000 Municipal Facilities $8,031,313 Fleet Management $2,000,000 Capital Improvement Fund Total $24,987,313 Parking Facilities $100,000 Parking Authority Capital Improvement Fund Total $100,000