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File #: ORD. 2020-054    Version: 1 Name:
Type: Ordinance Status: Adopted
File created: 3/9/2020 In control: City Council
On agenda: 5/11/2020 Final action: 5/11/2020
Title: To adopt the Debt Service Fund Budget for the fiscal year commencing Jul. 1, 2020, and ending Jun. 30, 2021, and to appropriate the estimated expenditures from the Debt Service Fund for the said fiscal year.
Patrons: Mayor Stoney
Attachments: 1. Ord. No. 2020-054
Related files: ORD. 2020-049

Title

To adopt the Debt Service Fund Budget for the fiscal year commencing Jul. 1, 2020, and ending Jun. 30, 2021, and to appropriate the estimated expenditures from the Debt Service Fund for the said fiscal year.

Body

THE CITY OF RICHMOND HEREBY ORDAINS:

§ 1.                     That the designated Debt Service Fund Budget for the fiscal year commencing July 1, 2020, and ending June 30, 2021, attached to this ordinance, is hereby adopted and made part of this ordinance.

§ 2.                     That the sum of $85,624,191 is hereby appropriated from the receipts of the Debt Service Fund to pay the estimated debt service costs.

                     § 3.      This ordinance shall be in force and effect as of July 1, 2020.