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CiTY OF MARTiNSVILLE, VIRGINIA
<br /> ORDINANCE NO. 2003-5
<br />
<br />Enclosure
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular session assembled June 10, 2003,
<br />that the following sums of money be and hereby are appropriated-by Funds--for the City's fiscal year ending
<br />June 30, 2004, from the fo[lowing Fund sources of estimated revenue:
<br />
<br /> Changes
<br /> Projected In Fund
<br />Appropriations Revenues Balance
<br />
<br />General Fund $ 24,925,174 $ 24,739,248 $ (185,926)
<br />Electric Fund $ 12,247,839 $ 11,000,339 $ (1,247,500)
<br />Water Fund $ 2,616,563 $ 2,234,590 $ (381,973)
<br />Sewer Fund $ 2,691,534 $ 2,159,134 $ (532,400)
<br />Refuse Coll./Landfill Fund $ 2,764,781 $ 3,345,555 $ 580,774
<br />Stores Fund $ 211,519 $ 211,519 $
<br />Housing Choice $ 1,993,073 $ 2,018,885 $ 25,812
<br />Cafeteria Fund $ 1,087,234 $ 1,087,234 $
<br />Schools Fund $ 19,423,820 $ 19,423,820 $
<br />Hooker Field Fund $ 73,690 $ 74,936 $ 1,246
<br />Capital Reserve Fund $ 784,917 $ 750,436 $ (34,481)
<br />CDBG $ 855,444 $ 688,567 $ (166,877)
<br />Indoor Plumbing $ 296,218 $ 309,698 $ 13,480
<br />Meals Tax Fund $ 1,332,229 $ 1,349,012 $ 16,783
<br />
<br />Total $ 71,304,035 $ 69,392,973 $ (1,911,062
<br />
<br />BE IT FURTHER ORDAINED by said Council that the tax rate for said fiscal year shall be, for each one hundred
<br />dollars of assessed valuation, as follows:
<br />
<br />Real Estate $0.94
<br />Personal Property $2.30
<br />Machinery and Tools $1.85
<br />
<br />BE IT FURTHER ORDAINED by said Council that this Ordinance shall be tn force on and after July 1,2003
<br />
<br />Attest:
<br />
<br />Johnathan Phillips, Clerk of Council
<br />
<br />Date Adopted
<br />Date Effective
<br />
<br />
<br />
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