|
<br />June 13, 2006
<br />
<br />ORDINANCE NO. 2006-9
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular session
<br />assembled June 5, 2006, that the following sums of money be and hereby are appropriated-by
<br />Funds-for the City's fiscal year ending June 30, 2007, from the following Fund sources of
<br />estimated revenue:
<br />
<br /> Changes
<br /> Proj ected In Fund
<br /> Appropriations Revenues Balance
<br />General Fund $ 28,941,806 $ 28,356,418 $ (585,388)
<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 $ 1,732,008 $ (2,393,189)
<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 $ 1,548,1 84 $ 1,548,184 $
<br />Total $ 88,356,494 $ 82,736,568 $ (5,619,926)
<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 />$1.08
<br />$2.30 (with a state reimbursement rate of 47% for
<br />qualifying vehicles valued at $1,001 to the first $20,000)
<br />Machinery and Tools $1.85
<br />
<br />Real Estate
<br />Personal Property
<br />
<br />BE IT FURTHER ORDAINED by said Council that this Ordinance shall be in force on and after
<br />July 1, 2006.
<br />
<br />Council next heard the monthly update from the Martinsville-Henry County
<br />
<br />Economic Development Corporation. Jim Barnett gave the update in the
<br />
|