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<br />11
<br />
<br />TUESDAY
<br />
<br />JUNE 7, 1983
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in a
<br />special meeting assembled this seventh day of June, 1983, that the follow-
<br />ing sums of money be and hereby are appropriated--by funds--for the City's
<br />fiscal year ending June 30, 1984, from the following fund sources of
<br />estimated revenue:
<br />
<br /> Appropriations R e v e n u e s
<br /> and From
<br /> Reserves Current Surplus
<br />General Fund 15,869,049 15,533,187 335,862
<br />-
<br />Electric Fund 9,944,461 9,495,094 449,367
<br />Water Fund 1,268,880 1,268,880
<br />Sewer Fund 1,379,000 1,379,000
<br />Stores Fund 126,108 126,108
<br />Revenue Sharing Fund 533,494 450,000 83,494
<br />Cafeteria Fund 621,500 621,500
<br />CDBG Fund 305,239 305,239
<br /> TOTALS: 30,047,731 29,179,008 868, 723
<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 />
<br />$0.76
<br />
<br />Personal Property
<br />
<br />$2.25
<br />
<br />-
<br />
<br />Machinery & Tools
<br />
<br />$1. 85
<br />
<br />BE IT FURTHER ORDAINED by said Council that, an emergency existing, this
<br />ordinance shall be in force on and after July 1, 1983.
<br />
<br />Pursuant to Section 2.1-344(a)(1) of the CODE OF VIRGINIA (1950, and as amended), and upon
<br />
<br />motion (duly seconded and unanimously carried by a recorded vote), Council convened into
<br />
<br />an Executive Session for the purpose of considering nominees for appointment or reappoint-
<br />
<br />ment to certain boards and commissions. Upon reconvening into regular session, Council
<br />
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