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File #: ORD. 2020-186    Version: 1 Name:
Type: Ordinance Status: Adopted
File created: 8/11/2020 In control: City Council
On agenda: 9/14/2020 Final action: 9/14/2020
Title: To amend Ord. No. 2020-053, adopted May 11, 2020, which appropriated and provided funds for financing the school budget for the fiscal year commencing Jul. 1, 2020, and ending Jun. 30, 2021, by decreasing estimated revenues from various sources.
Patrons: Mayor Stoney
Attachments: 1. Ord. No. 2020-186
TITLE

To amend Ord. No. 2020-053, adopted May 11, 2020, which appropriated and provided funds for financing the school budget for the fiscal year commencing Jul. 1, 2020, and ending Jun. 30, 2021, by decreasing estimated revenues from various sources.

BODY

THE CITY OF RICHMOND HEREBY ORDAINS:
I. That Ordinance No. 2020-053, adopted May 11, 2020, be and is hereby amended and reordained as follows:
? 1. That a sum not exceeding [$211,136,767] $210,165,441 is hereby appropriated representing (i) [$29,442,693] $28,471,367 in State Shared Sales Tax funds and (ii) $181,694,074 in funds appropriated from the City's general fund, resulting in a total City contribution to the School Board of $181,694,074, and, together with the estimated receipts of the School Board from tuition charges and from other anticipated sources of revenue of [$14,477,673] $13,977,071, 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 [$195,203,063] $191,364,933 (excluding transfers to special funds and including [$134,473,717] $131,311,973 in state funds and [$60,729,346] $60,052,960 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 [$420,817,503] $415,507,445; 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, 2020, and ending June 30, 2021, 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.
? 2. That the appropriations for which this ordinance provides over ...

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