Budget Process and Funding


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Throughout the process, the Budget Department periodically reviews staffing levels, revenue and expenditure projections, and monitors state legislation. This year, the budget office conducted surveys in the fall and spring to solicit community and employee group feedback. The budget office incorporated the feedback with the School Board’s mission and goals to develop the fiscal year 2019-20 budget. In response to the current economic conditions facing the City of Portsmouth (the City), the School Board has submitted a sound, balanced budget. 

Meetings are held with the Division Superintendent, School Board Finance Committee, and the School Board throughout the process to provide a timely, detailed overview of the budget process. The Budget Department presents categorical breakdowns of the proposed budget, details programs included/excluded, projects staffing level changes, must funds items, recommended budget items, and unfunded initiatives.

 

FY 19-20 Adopted Budget

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 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 of Portsmouth, Virginia City Council (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

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