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Information concerning projected revenues and expenditures related to the Grants fund and the Food Services fund are obtained from the Finance and Food Services departments, respectively. The projected Grants fund revenue is based on current grants awarded with the anticipation that the school division will receive the same grant funding in the upcoming year and anticipated new grant awards currently being pursued by the school division. The Textbook fund budget is based on the projected state revenue and the minimum required local match as directed by the state.
On May 14, 2019, the City adopted Ordinance 2019-31 to appropriate $199,605,957 to the School Board for fiscal year 2019-20. On May 23, 2019, the School Board adopted the following fiscal year 2019-20 budget:
FY 2019-20 ADOPTED BUDGET
GENERAL FUND: $150,702,511
GRANTS FUND: $18,632,873
CAFETERIA FUND: $8,891,048
TEXTBOOK FUND: $1,309,725
RISK MANAGEMENT FUND: $20,069,800
TOTAL ALL FUNDS: $199,605,957
Download the FY 2019-20 School Board Budget (adopted 05/23/2019)
Download the City of Portsmouth, VA Ordinance No. 2019-31 |