File #: ID 18-155    Version: 1 Name: Supplemental Appropriation (School Land)
Type: Supplemental Appropriation Status: Passed
File created: 7/2/2018 In control: City Council
On agenda: 7/24/2018 Final action: 7/24/2018
Title: Consider a supplemental appropriation for the purchase of land for a new school in the amount of $5,025,000
Attachments: 1. Memorandum, 2. Supplemental Appropriation, 3. public hearing

Subject:

Title

Consider a supplemental appropriation for the purchase of land for a new school in the amount of $5,025,000

body

Presented By:  City Staff

 

Recommendation and Review

This supplemental appropriation will appropriate $5,025,000 (including an allowance for closing costs) to fund the purchase of land for a new school. Funds are available in the General Fund’s unappropriated fund balance.

 

This supplemental appropriation represents 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.