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CiTY OF MARTINSVILLE, VIRGINIA
<br /> ORDINANCE NO. 2001-4
<br />
<br />106
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular session
<br />assembled June 26, 2001, that the following sums of money be and hereby are
<br />appropriated--by Funds-- for the City's fiscal year ending June 30, 2002, from the following
<br />Fund sources of estimated revenue:
<br />
<br />Appropriations
<br />
<br /> Changes
<br />Projected In Fund
<br />Revenues Balance
<br />
<br />General Fund $ 25,311,011 $ 24,874,300 $ (436,711 )
<br />Electric Fund $ 12,389,365 $ 11,171,575 $ (1,217,790)
<br />Water Fund $ 2,651,186 $ 2,150,290 $ (500,896)
<br />Sewer Fund $ 2,300,501 $ 1,759,440 $ (541,061)
<br />Refuse Coll./Landfill Fund $ 5,082,455 $ 3,576,500 $ (1,505,955)
<br />Stores Fund $ 226,771 $ 185,155 $ (41,616)
<br />Rental Asst. $ 211,741 $ 233,266 $ 21,525
<br />Cafeteria Fund $ 1,075,031 $ 1,075,031 $ -
<br />Schools Fund $ 19,547,057 $ 18,986,015 $ (561,042)
<br />Hooker Field Fund $ 74,067 $ 75,973 $ 1,906
<br />Capital Reserve Fund $ 1,701,478 $ 589,841 $ (1,111,637)
<br />CDBG $ 486,952 $ 575,295 $ 88,343
<br />Indoor Plumbing $ 305,953 $ 281,367 $ (24,586)
<br />Meals Tax Fund $ 1,170,370 $ 1,140,531 $ (29,839)
<br />
<br />Total $ 72,533,938 $ 66,674,579 $ (5,859,359)
<br />
<br />BE IT FURTHER ORDAINED by said Council that the tax rate for said fiscal year shall be, for
<br />each one hundred dollars of assessed valuation, as follows:
<br />
<br />Real Estate $0.94
<br />Personal Property $1.92
<br />Machinery and Tools $1.85
<br />
<br />BE IT FURTHER ORDAINED by said Council that this Ordinance shall be in force on and after
<br />July 1, 2002.
<br />
<br />Attest:
<br />
<br />J{hnathan Phillips, Clerk of Council
<br />
<br />June 26, 2001
<br />Date Adopted
<br />
<br />July 1,2001
<br />Date Effective
<br />
<br />
<br />
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