Subject:
Title
Consider a supplemental appropriation for the reappropriation of outstanding prior year encumbrances and unexpended prior year grants, and for the School Capital Projects Fund, in the amount of $25.9 million.
Body
Presented By: City Staff
Recommendation and Review
These supplemental appropriation requests will carryover and reappropriate outstanding prior year encumbrances in the amount of $13,369,442.15 from Fiscal Year 2022, unexpended prior year grant awards in the amount of $11,681,695.11 and funding for the replacement of boilers at Spotswood Elementary School in the amount of $424,985.00.
These supplemental appropriations represent an increase of over 1% of the total city budget. Code of Virginia Section 15.2-2507 requires a public hearing for budget amendments that exceed 1% of the budget.