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To amend Ord. No. 2019-044, which appropriated and provided funds for financing the school budget for the fiscal year commencing Jul. 1, 2019, and ending Jun. 30, 2020, to make transfers from the contingency reserves major classification to other major classifications to facilitate the implementation of the School Board's strategic plan.
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THE CITY OF RICHMOND HEREBY ORDAINS:
I. That Ordinance No. 2019-044, adopted May 13, 2019, be and is hereby amended and reordained as follows:
? 1. That a sum not exceeding $203,440,848 is hereby appropriated representing (i) $28,247,705 in State Shared Sales Tax funds appropriated from the City's State Sales Tax for RPS special fund and (ii) $175,193,143 in funds appropriated from the City's general fund, resulting in a total City contribution to the School Board of $175,193,143, and, together with the estimated receipts of the School Board from tuition charges and from other anticipated sources of revenue of $13,308,896, along with revenue from Richmond Public Schools' Anthem healthcare reserve fund of $0, and with the estimated state and federal receipts of the School Board through the Commonwealth of Virginia of $181,706,507 (excluding transfers to special funds and including $117,863,346 in state funds and $63,843,161 in federal funds), may be expended for the operation of the public free schools in the City, including the payment of salaries, wages, debt service, other expenses, acquisition of equipment and supplies and maintenance of the school plant and other capital expenses; provided, however, such expenditures shall not exceed in any event $398,456,251; and provided further that, in the event that the actual receipts from or through the Commonwealth of Virginia for the fiscal year commencing July 1, 2019, and ending June 30, 2020, exceed the estimated receipts from such sources, the expenditure of such excess for such purpose must be further authorized and approved by the City Council.
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