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<br />TUESDAY, JUNE 9, 1987
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<br />In connection with these presentations, Commissioner of the Revenue J. Ronnie Minter
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<br />suggested that, hereafter, the varions City constitutional officers be afforded the
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<br />Board, and from Mr. Joseph E. Finley, of the administrative staff of the Martins-
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<br />sions from Mr. William W. Edwards, Jr., a memher of the Martinsville City School
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<br />requests. Meanwhile, these "highlight" pres~tations received complimentary expres-
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<br />opportunity in such future public hearings of "highlighting" their respective budget
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<br />City government as well as acknowledged with appreciation the support given the
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<br />School System, cited the excellent rapport between the City School System and the
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<br />ville City School System; whereas, Dr. James E. Calkins, Superintendent of the City
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<br />hearing closed; whereupon motion, duly seconded and unanimously carried, Council
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<br />There being no other persons asking to be heard, Mayor Oakes declared this public
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<br />School System and its administrative staff by the City and its administrative staff.
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<br />adopted the following ordinance (identified as Ordinance No. 87-5) which adopts the
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<br />1987-88 (the latter being those in effect for 1986-87):
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<br />proposed 1987-88 City Budget, as modified, and sets the property tax rates for
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<br />ORDINANCE NO. 87-5
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<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in
<br />regular meeting assembled this ninth day of June, 1987, that the following
<br />sums of money be and hereby are appropriated--by Funds--for the City's
<br />fiscal year ending June 30, 1988, from the following Fund sources of
<br />estimated revenue:
<br />
<br /> Appropriations Rev e n u e s
<br /> and From
<br /> Reserves Current Surplus
<br />General Fund $21,435,742 $20,686,403 $ 749,339
<br />Electric Fund 12,018,031 11 ,586,031 432,000
<br />Water Fund 2,006,580 1,921,420 85,160
<br />Sewer Fund 2,052,291 1,960,594 91,697
<br />Stores Fund 204,873 204,873 0
<br />Cafeteria Fund 682,469 682,469 0
<br />Housing Services Fund 344,864 304,370 40,494
<br />Electric Capital Reserve Fund 640,000 124,876 515,124
<br />Sewer Bond Fund 221,400 0 221,400
<br />Prison Fund 610,995 610,995 0
<br />Industrial Park Fund 267,844 0 267,844
<br />Textbook Fund 152,014 118,500 33,514
<br /> $40,637,103 $38,200,531 $2,436,572
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