Minutes 10/27/2020 - Laserfiche WebLink

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October 27, 2020 Recommended Action:  Adoption of the ordinance. Next Steps Following Council Action:  The funds are approved and available upon authorization of the appropriation. Motion by Mr. Clark, and seconded by Mr. Battle, to adopt the following ordinance, and was adopted by the following vote: “ORDINANCE ACCEPTING $20,000 OF COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM INCOME AND $26,945 OF HOME INVESTMENT PARTNERSHIPS PROGRAM INCOME AND APPROPRIATING SAID AMOUNTS IN THE FY 2021 COMMUNITY PLANNING AND DEVELOPMENT PROGRAM FUND.” Ayes: Battle, Clark, Glover, Lucas-Burke, Moody, Psimas, Rowe Nays: None 20 - 249 - Adoption of an ordinance appropriating $2,897,149 that was reserved by Ordinance 2019-107 from the Fund Balance of the General Fund to the FY 2021 General Fund Budget and transferring and appropriating said $2,897,149 from the FY 2021 General Fund Budget to the FY 2021 Portsmouth Public Schools Risk Management Fund Budget. Background:  By Ordinance 2019-107 adopted on December 10, 2019, City Council acknowledged the reversion to the City of funding that had been appropriated to the FY 2019 Portsmouth Public Schools General Fund Budget and had been neither encumbered nor expended by the end of Fiscal Year 2019 (July 1, 2019).  Under Section 5 of the Ordinance, City Council reserved $2,909,455 in the Fund Balance of the General Fund “for future appropriation as City Council shall deem appropriate”. Discussion:  PPS is now requesting the reappropriation of $2,897,149 of the reserved funds to address and eliminate its FY 2019 net position deficit within the PPS Risk Management Fund.  PPS would use the reappropriation to cover claims, premiums and other costs as related to the operation of the PPS health insurance, workers’ compensation and property and casualty risk management programs. Financial Impact:  The funds reserved in the Fund Balance of the General Fund pursuant to Ordinance 2019-107 would be decreased by $2,897,149.  The FY 2021 PPS Risk Management Fund would be increased by the same amount. Recommended Action:  Adoption of the ordinance Next Steps Following Council Action:  The Finance Department will complete the necessary budget transfers. Motion by Mr. Moody, and seconded by Mr. Battle, to adopt the following ordinance, and was adopted by the following vote: “ORDINANCE APPROPRIATING $2,897,149 THAT WAS RESERVED BY ORDINANCE 2019-107 FROM THE FUND BALANCE OF THE GENERAL FUND TO THE FY 2021 GENERAL FUND BUDGET AND TRANSFERRING AND APPROPRIATING SAID $2,897,149 FROM THE FY 2021 GENERAL FUND BUDGET TO THE FY 2021 PORTSMOUTH PUBLIC SCHOOLS RISK MANAGEMENT FUND BUDGET.”