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File #: ORD. 2020-251    Version: 1 Name:
Type: Ordinance Status: Adopted
File created: 12/15/2020 In control: City Council
On agenda: 1/11/2021 Final action: 1/11/2021
Title: To amend Ord. No. 2020-049, adopted May 11, 2020, which adopted the Fiscal Year 2020-2021 General Fund Budget and made appropriations pursuant thereto, by re-appropriating a $5,780,000.00 portion of the calculated general fund surplus for Fiscal Year 2019-2020 to the Non-Departmental agency "OPEB Trust" line item for the purpose of funding a contribution to the trust established by ? 1 of Ord. No. 2018-196, adopted Jul. 23, 2018.
Patrons: Mayor Stoney
Attachments: 1. Ord. No. 2020-251

Title

To amend Ord. No. 2020-049, adopted May 11, 2020, which adopted the Fiscal Year 2020-2021 General Fund Budget and made appropriations pursuant thereto, by re-appropriating a $5,780,000.00 portion of the calculated general fund surplus for Fiscal Year 2019-2020 to the Non-Departmental agency “OPEB Trust” line item for the purpose of funding a contribution to the trust established by § 1 of Ord. No. 2018-196, adopted Jul. 23, 2018.

Body

THE CITY OF RICHMOND HEREBY ORDAINS:

 

§ 1.                     That Ordinance No. 2020-049, adopted May 11, 2020, which adopted the General Fund Budget for the fiscal year commencing July 1, 2020, and ending June 30, 2021, and made appropriations thereto, is hereby amended by re-appropriating a $5,780,000.00 portion of the calculated general fund surplus, as defined by section 12-251(a) of the Code of the City of Richmond (2015), as amended, for the fiscal year commencing July 1, 2019, and ending June 30, 2020, to the Non-Departmental agency “OPEB Trust” line item for the purpose of funding a contribution to the trust established by section 1 of Ordinance No. 2018-196, adopted July 23, 2018.

§ 2.                     This ordinance shall be in force and effect upon adoption.