CouncilNotes
Ordinance

2024-08 Ordinance Appropriating Revenues

Newport

Ordinance

AN ORDINANCE AMENDING ORDINANCE NO. 2023-14, ENTITLED,

"APPROPRIATING REVENUES OF THE CITY OF NEWPORT FOR THE FISCAL YEAR JULY 1,
2024, THROUGH JUNE 30, 2025."

BE IT ORDAINED by the City of Newport:

SECTION 1. Pursuant to Chapter IX of the Charter of the City of Newport, this ordinance is adopted to provide the sums hereinafter appropriated for the fiscal year July 1, 2024, through June 30, 2025, and as shown in the Operating Budget of the City of Newport for the fiscal year 2024-2025, a copy of which is attached hereto and is incorporated herein by reference thereto.

SECTION 2. Operating Budget,
FY 2024-2025:

(a) General Fund (less Local School Appropriation)

  • Revenues $86,692,108
  • Appropriations $86,692,108

(b) School Fund (based on FY2025 NSC proposed budget)

  • Revenues $46,943,059
  • Federal $1,185,000
  • State $14,708,018
  • City Appropriation $28,381,115
  • Other Local Schools $1,556,000

  • Transfer in $1,112,926

  • Appropriations $49,542,959

  • Unfunded Portion of Appropriation $2,599,900

(c) Water Fund

  • Revenues $22,877,243
  • Appropriations $22,499,996

CITY OF NEWPORT

ORDINANCE

OF THE
COUNCIL

NO. 2024-08
(Page 2)

(d) Water Pollution Control Fund

  • Revenues $19,678,397
  • Other Sources of Funds $4,022,669
  • Appropriations $23,701,066

(e) Equipment Operations Fund

  • Revenues $1,655,247
  • Appropriations $1,655,247

(f) Maritime Fund

  • Revenues $1,607,000
  • Bond Proceeds $19,000,000
  • Other Sources of Funds $(54,318)
  • Appropriations $20,552,682

(g) Parking Fund

  • Revenues $2,981,998
  • Other Sources of Funds $(857,330)
  • Appropriations $2,124,668

SECTION 3. This ordinance shall take effect July 1, 2024, and all ordinances and parts of ordinances inconsistent herewith are hereby repealed.

IN COUNCIL

READ AND PASSED
MAY 22, 2024

Laura C. Swistak, CMC
City Clerk