Legislation # 07-0669 Enactment Number none
Type Resolution - Budget Item Effective Date none
Introduction Date 12/19/2007
Title Resolution Appropriating $2,972,500 from the Undesignated Fund Balance of the General Fund and $3,000,000 from Interest Earned from the Temporary Investment of Proceeds of the City of Hampton Public Improvement Bonds, Series 2005 to Fund Select Projects.
 
Legislation History 07-0669
DateNotice Of ActionDescription
12/19/2007 Approved items 2 through 9 and 11 through 18 on the consent agenda.
12/10/2007 Received By Clerk's Office
 
View Attachments 07-0669
FileTypeSizeDescription
Mid_Cycle Appropriation(attached to Resolution)2.xls Other 27K Blackline Worksheet
CITY MANAGER AND STAFF RECOMMENDATIONS3.xls Other 26K City Manager and Staff Recommendation
 
Legislation Text 07-0669

 

City of Hampton, Virginia

Resolution - Budget Item

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 07-0669

 

Enactment Number: -

 

Resolution Appropriating $2,972,500 from the Undesignated Fund Balance of the General Fund and $3,000,000 from Interest Earned from the Temporary Investment of Proceeds of the City of Hampton Public Improvement Bonds, Series 2005 to Fund Select Projects.

BE IT RESOLVED, by the City Council of the City of Hampton, Virginia, to appropriate $2,972,500 from the Undesignated Fund Balance of the Citys General Fund and $3,000,000 interest earned from the temporary investment of the proceeds of City of Hampton Public Improvement Bonds, Series 2005, as follows:

 

REVENUES

 

General Fund Undesignated Fund Balance $ 2,972,500

Interest Earned-Public Improvement Bonds, Series 2005 3,000,000

 

Total Revenues $ 5,972,500

APPROPRIATIONS

 

Appropriations from General Fund Undesignated Fund Balance:

 

Police Radio Replacement $ 137,500

Boo Williams Sportplex-User Fees 50,000

Maintenance Survey of Public Buildings 250,000

Improvements-Soccer Fields (Dixon Site) 500,000

Sewer Construction-Crossroads Site 1,025,000

Gosnold Hope Channel Dredging 130,000

Farmington Ditch Improvements 380,000

Drainage Flood Purchase Plan 500,000

Total Appropriations from Undesignated Fund Balance 2,972,500

 

 

Appropriations from Interest Earned from the Temporary Investment

of City of Hampton Public Improvement Bonds, Series 2005:

 

Buckroe-Pier Construction 1,500,000

Buckroe-B Block and Park Improvements 1,000,000

Farmington Ditch Improvements 330,000

Back River Dredging/Factory Point Restoration 170,000

 

Total Appropriations-Interest Earned from Temporary Investment

of Bond Proceeds 3,000,000

 

Total Appropriations $ 5,972,500

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on December 19, 2007.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council