Minutes 04/27/1982 - Laserfiche WebLink

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TUESDAY APRIL 27, 1982 - A special and duly-called meeting (by Council action taken during its regular meeting hald April 13, 1982) of the Council of the City of Martinsville, Virginia, was held Tuesday, April 27, 1982, in the Council Chamber, City Hall, beginning at 3:00 P.M., for the purpose of giving initial study and consideration to City Manager Edmonds' recommended City Budget for the fiscal year beginning July 1, 1982. All members of Council were present, as follows: Mayor Barry A. Greene, Presiding Officer; Vice Mayor William C. Cole, Jr.; L. D. Oakes; Henry C. Reed; and Francis T. West. Following the invocation and the stating of the aforesaid purpose of this meeting, City Manager Edmonds offered some introductory comments about his recommended 1982- 83 City Budget and his accompanying Budget Message; and, subsequently, during ensuing discussion of the proposed budget, Mr. Edmonds called Council's attention to adverse financial conditions envisioned and developing in the City's water utility fund and the need for an independent water rate study as a framework around which Council might increase and restructure current water rates, not only to reverse this fund's declining financial condition but also to develop with as much equity as possible a rate structure to finance or help finance the cost of capital requirements (in an amount yet unknown but for or on which more definite information is expected to be available by July 1, 1982) for acquiring additional raw water. Furthermore, as Mr. Edmonds pointed out in his Budget Message, the sewer utility fund is also faced with great uncertainty as to capital requirements during the upcoming fiscal year. In summary, the recommended budget was balanced without requiring any increase in property tax rates or in general fund service charges; it proposed (for personnel under the City Manager's jurisdiction) an 8% cost-of-living increase through adjust- to the City's current pay plan; and it provided for a net increase of two minor positions in the General Fund and one in the Water Fund (under the Manager's jurisdiction) .