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<br />).....6
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<br />
<br />MONDAY MAY 21, 1984
<br />
<br />West voting against the motion). Included in the adopting motion was the fol-
<br />
<br />lowing ordinance appropriating (by funds) the following sums of money for the fis-
<br />
<br />cal year beginning July 1, 1984, and establishing the following property tax rates for
<br />
<br />1984-85:
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in
<br />regular meeting assembled this twenty-first day of May, 1984, that the
<br />following sums of money be and hereby are appropriated--by funds-- for
<br />the City's fiscal year ending June 30, 1985, from the following fund
<br />sources of estimated revenue:
<br />
<br /> Appropriations Rev e n u e s
<br /> and From
<br /> Reserves Current Surplus
<br />General Fund 17,833,835 16,872,421 961,414
<br />Electric Fund 10,482,717 9,970,390 512,327
<br />Water Fund 1,671,194 1 ,423, 77 5 247,419
<br />Sewer Fund 1,426,800 1,426,800
<br />Stores Fund 136,999 136,999
<br />Revenue Sharing Fund 558,443 411,150 147,293
<br />Cafeteria Fund 636,906 636,906
<br />CDBG Fund 214,090 214,090
<br /> 32,960,984 31,092,531 1,868,453
<br />
<br />BE IT FURTHER ORDAINED by said Council that the tax rates for said fiscal
<br />year shall be, for each one hundred dollars of assessed valuation, as
<br />follows:
<br />
<br />Real Estate . . .
<br />Personal Property .
<br />Machinery & Tools
<br />
<br />$0.76
<br />$2.25
<br />$1. 85
<br />
<br />BE IT FURTHER ORDAINED by said Council that, an emergency existinE, this
<br />ordinance shall be in force on and after July 1, 1984.
<br />
<br />Following the adoption of the 1984-85 budget and the aforesaid ordinance, City Manager
<br />
<br />Edmonds commended City department heads, and especially Finance Director Richard D. Fitts,
<br />
<br />for their significant roles in the budgetary processes; and, Councilman West assured City
<br />
<br />Manager Edmonds and Finance Director Fitts that his vote against adopting the 1984-85
<br />
<br />budget, as recommended and revised, is not to be interpreted as an adverse reflection
<br />
<br />upon them. (Note: Mr. West's position on the proposed budget and the usage of certain
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