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<br />CITY OF MARTINSVILLE, VIRGINIA
<br />
<br />ORDINANCE NO. 2006-9
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular session assembled
<br />June 5, 2006, that the following sums of money be and hereby are appropriated-by Funds-for the
<br />City's fiscal year ending June 30, 2007, from the following Fund sources of estimated revenue:
<br />
<br /> Changes
<br /> Projected In Fund
<br /> Appropriations Revenues Balance
<br />General Fund $ 28,938,056 $ 28,626,918 $ (311,138)
<br />Electric Fund $ 18,036,632 $ 16,647,751 $ (1,388,881 )
<br />Water Fund $ 3,813,938 $ 3,057,040 $ (756,898)
<br />Sewer Fund $ 4,175,407 $ 3,259,100 $ (916,307)
<br />Refuse Coll./Landfill Fund $ 4,125,197 $ 1,781,700 $ (2,343,497)
<br />Housing Choice $ 1,711,688 $ 1,435,513 $ (276,175)
<br />Cafeteria Fund $ 980,987 $ 980,987 $
<br />Schools Fund $ 22,876,408 $ 22,876,408 $
<br />Hooker Field Fund $ 194,420 $ 142,335 $ (52,085)
<br />Capital Reserve Fund $ 1,541,113 $ 1,541,113 $
<br />CDBG $ 205,325 $ 630,907 $ 425,582
<br />Indoor Plumbing $ 209,139 $ 208,612 $ (527)
<br />Meals Tax Fund $ 1 ,548,184 $ 1 .548,184 $
<br />Total $ 88,356,494 $ 82,736,568 $ (5,619,926)
<br />BE IT FURTHER ORDAINED by said Council that the tax rate for said fiscal year shall be, for each one
<br />hundred dollars of assessed valuation, as follows:
<br />
<br />Real Estate
<br />Personal Property
<br />
<br />$1.08
<br />$2.30 (with a state reimbursement rate of 47% for qualifYing
<br />vehicles valued at $1,001 to the first $20,000)
<br />$1.85
<br />
<br />Machinery and Tools
<br />
<br />BE IT FURTHER ORDAINED by said Council that this Ordinance shall be in force on and after July 1,
<br />2006.
<br />
<br />*******
<br />
<br />Attest:
<br />
<br />Susan N. Johnson, Clerk of Council
<br />
<br />Date Adopted
<br />
<br />Date Effective
<br />
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