Minutes 11/22/2022 - Laserfiche WebLink

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November 22, 2022 Discussion:  City Council Ordinance 2021-31 states “all unspent appropriations under this ordinance or any ordinance appropriating funds for the FY 2022 Portsmouth Public Schools budgets shall lapse at the end of the fiscal year, as provided under 22.1-100 of the Code of Virginia. Funds encumbered but unpaid by the end of the fiscal year will be deemed unspent appropriations that will require re-appropriations by the City Council.”  Re-appropriation Request of Encumbered Funds: PPS is requesting the re- appropriation of the preliminary amount of $1,417,600 related to Perkins Career & Technical and Title I.  Re-appropriation Request of Unspent/Carryforward Funds: PPS is requesting the re-appropriation of the preliminary amount of $2,586,937 related to unspent/unencumbered funds as of the end of the fiscal year. The unspent/unencumbered funds are comprised of the following: $491,489 from the Virginia Preschool Initiative Program o $907,247 from the Early Reading Initiative Program o $100,201 from the SOL Algebra Readiness Program o $1,088,000 from the Virginia Public Schools Authority Program o  The following table shows the impact of the proposed re-appropriation of the preliminary amount to the FY 2023 PPS Grant Fund: Current Encumbered Unencumbered Total Revised FY 2023 FY 2022 Re-FY2022 FY 2023 Fund Appropriation appropriation Re-appropriation Appropriation Grant Fund $23,497,541 $1,417,600 $2,586,937 $27,502,078 Financial Impact:  This is a re-allocation of previously appropriated FY 2022 PPS Grant Fund money.  The FY 2023 PPS Grant Fund will increase by the amount shown above. Staff Recommends:  Adoption of the ordinance. Next Steps Following Council Action:  The Finance Departments for the City and Schools will complete the necessary budget adjustments. Motion by Mr. Woodard, and seconded by Dr. Whitaker, to adopt the following ordinance, and was adopted by the following vote: “ORDINANCE TO RE-APPROPRIATE UNEXPENDED FUNDS IN THE AMOUNT OF $4,004,537 FROM THE FY 2022 PORTSMOUTH PUBLIC SCHOOLS GRANT FUND BUDGET TO THE FY 2023 PORTSMOUTH PUBLIC SCHOOLS GRANT FUND BUDGET.” Ayes: Barnes, Battle, Lucas-Burke, Moody, Whitaker, Woodard, Glover Nays: None 22 - 351 - Adoption of an ordinance to re-appropriate unexpended funds in the amount of $3,128,184 from the FY 2022 Portsmouth Public Schools Risk Management Fund Budget to the FY 2023 Portsmouth Public Schools Risk Management Fund Budget. Background:  City Council appropriated $22,967,748 to the FY 2022 Risk Management Fund for the Portsmouth Public Schools (PPS).  On September 22, 2022 the Portsmouth School Board adopted a Resolution requesting that City Council appropriate the preliminary amount totaling $3,128,184 from the FY 2022 PPS Risk Management Fund Budget to the FY 2023 PPS Risk Management Fund Budget.