File #: ORD. 2024-316    Version: 1 Name:
Type: Ordinance Status: Adopted
File created: 12/2/2024 In control: City Council
On agenda: 12/9/2024 Final action: 12/9/2024
Title: To amend Ord. No. 2024-099, adopted May 13, 2024, which adopted the Fiscal Year 2024-2025 General Fund Budget and made appropriations pursuant thereto, by (i) increasing anticipated revenues from certain funds due to the City from the Greater Richmond Convention Center Authority, in accordance with an Interlocal Agreement dated Feb. 1, 2000, by $1,900,000.00, (ii) creating a new line item in the Non-Departmental agency called "Rings vs. Rent Scholarship Foundation," and (iii) appropriating such increased estimated revenues to such new line item and other certain line items in the Non-Departmental agency and the Department of Finance, the Department of Economic Development, and the Department of Neighborhood and Community Services.
Patrons: Mayor Stoney, Ellen Robertson
Attachments: 1. Ord. No. 2024-316
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To amend Ord. No. 2024-099, adopted May 13, 2024, which adopted the Fiscal Year 2024-2025 General Fund Budget and made appropriations pursuant thereto, by (i) increasing anticipated revenues from certain funds due to the City from the Greater Richmond Convention Center Authority, in accordance with an Interlocal Agreement dated Feb. 1, 2000, by $1,900,000.00, (ii) creating a new line item in the Non-Departmental agency called "Rings vs. Rent Scholarship Foundation," and (iii) appropriating such increased estimated revenues to such new line item and other certain line items in the Non-Departmental agency and the Department of Finance, the Department of Economic Development, and the Department of Neighborhood and Community Services.
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THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That Ordinance No. 2024-099, adopted May 13, 2024, which adopted a General Fund Budget for the fiscal year commencing July 1, 2024, and ending June 30, 2025, and made appropriations pursuant thereto, is hereby amended by:
(a) Increasing anticipated revenues from certain funds due to the City from the Greater Richmond Convention Center Authority, in accordance with an Interlocal Agreement dated February 1, 2000, by $1,900,000.00;
(b) Creating a new line item in the Non-Departmental agency called "Rings vs. Rent Scholarship Foundation;"
(c) Appropriating $250,000.00 of the increased anticipated revenues described in subsection (a) of this section to the new line item in the Non-Departmental agency created by subsection (b) of this section called "Rings vs. Rent Scholarship Foundation" for the purpose of providing a life coach program to enhance critical life skills for youth;
(d) Appropriating $150,000.00 of the increased anticipated estimated revenues described in subsection (a) of this section to the line item Metropolitan Richmond Sports Backers, Incorporated in the Non-Departmental agency for the purpose of providing support to create a Sports Backe...

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