Minutes 11/22/2022 - Laserfiche WebLink

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November 22, 2022 Discussion:  From this available funding, it is proposed to appropriate $2,041,523 to the City CIP for the funding of school improvements including roofs at Hodges Manor Elementary School and Churchland Academy Elementary School, bleachers at Churchland High School, and auditorium improvements at the Little Theatre at Manor High School.  As part of the adoption of the FY 2023 City Budget, the City appropriated $2,600,000 from the City’s fund balance to the CIP for School Projects. It was anticipated that the fund balance would be replenished through unexpended FY 2022 PPS funding.  Therefore, the proposed ordinance returns the remaining $2,600,000 to the General Fund fund balance. Financial Impact:  Funding will be provided for Capital Improvement projects impacting the schools and $2,600,000 will be returned to fund balance to replenish the funds drawn for school capital improvement project funding through adoption of the FY 2023 budget. Staff Recommends:  Adoption of the ordinance. Next Steps Following Council Action:  Finance will make the necessary budgetary adjustments. Motion by Ms. Lucas-Burke, and seconded by Mr. Barnes, to adopt the following ordinance, and was adopted by the following vote: “ORDINANCE ACCEPTING THE RETURN OF UNEXPENDED FUNDING FROM THE FY 2022 PPS GENERAL FUND BUDGET IN THE AMOUNT OF $4,641,523, AND APPROPRIATING $2,041,523 OF SAID FUNDS TO THE FY 2023 CITY GENERAL FUND BUDGET AND TRANSFERRING THEM TO THE SCHOOL PROJECTS CATEGORY OF THE FY 2023 CITY CAPITAL IMPROVEMENT FUND BUDGET.” Ayes: Barnes, Battle, Lucas-Burke, Moody, Whitaker, Woodard, Glover Nays: None 22 - 346 - Adoption of an ordinance accepting funding in the amount of $486,588 from the Commonwealth of Virginia and appropriating said amount in the FY 2023 Portsmouth Public Schools General Fund Budget. Background:  The state budget was signed into law on June 22, 2022 – after adoption of the City budget – and included $486,588 more in state funding for PPS than was anticipated at the time of adoption of the City budget. Discussion:  On September 22, 2022 the School Board adopted a Resolution requesting City Council to appropriate this additional funding to the FY 2023 PPS General Fund budget.  PPS intends to allocate the additional funding to the Instruction classification.  The following table shows the impact of the proposed appropriation to the FY 2023 PPS General Fund*: Current Additional FY Total Revised FY 2023 2023 FY 2023 Fund Appropriation Appropriation Appropriation PPS General Fund $188,481,417.17 $486,588 $188,968,005.17