Minutes 10/10/2023 - Laserfiche WebLink

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October 10, 2023 Motion by Mr. Barnes, 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 $8,658,832 FROM THE FY 2023 PORTSMOUTH PUBLIC SCHOOLS GRANT FUND BUDGET TO THE FY 2024 PORTSMOUTH PUBLIC SCHOOLS GRANT FUND BUDGET.” Ayes: Barnes, Hugel, Lucas-Burke, Moody, Tillage, Whitaker, Glover Nays: None 23 - 326 - Adoption of an ordinance to re-appropriate unexpended funds in the amount of $3,267,642 from the FY 2023 Portsmouth Public Schools Risk Management Fund Budget to the FY 2024 Portsmouth Public Schools Risk Management Fund Budget. Background:  City Council appropriated $26,328,184 to the FY 2023 Risk Management Fund for the Portsmouth Public Schools (PPS).  On September 21, 2023 the Portsmouth School Board adopted a Resolution requesting that City Council appropriate the preliminary amount totaling $3,267,642 from the FY 2023 PPS Risk Management Fund Budget to the FY 2024 PPS Risk Management Fund Budget. Discussion:  City Council Ordinance 2022-37 states “all unspent appropriations under this ordinance or any ordinance appropriating funds for the FY 2023 Portsmouth Public Schools budget 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-appropriation by the City Council.”  Re-appropriation Request for Unspent/Carryforward Funds: PPS is requesting the re-appropriation of the preliminary amount of $3,267,642 related to unspent funds as of the end of the fiscal year. The unspent funds would be used for the following: $321,998 for the Workers’ Compensation/General Liability Program o $2,945,644 for the PPS Health Plan o  The following table shows the impact of the proposed re-appropriation of the preliminary amount to the FY 2024 PPS Risk Management Fund: Current Total Revised FY 2024 FY 2023 Re-FY 2024 Fund Appropriation appropriation Appropriation $23,100,000 Risk Management Fund $3,267,642 $26,367,642 Financial Impact:  This is a re-allocation of previously appropriated FY 2023 PPS Risk Management Fund money.  The FY 2024 PPS Risk Management 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. Barnes, and seconded by Dr. Whitaker, to adopt the following ordinance, and was adopted by the following vote: