Minutes 05/22/1980 - Laserfiche WebLink

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". -~ ,,"," "t, ~ THURSDAY MAY 22. 1980 A special meeting of the Council of the City of Martinsville, Virginia, as scheduled and called for by Council's action in regular meeting of May 13, 1980, was held Thursday, May 22, 1980, in the Council Chamber, City Hall, beginning at 12:30 P.M., for the purpose of considering City Manager Noland's proposed City Budget for the City's fiscal year beginning July 1, 1980. All members of Council were present, viz., William D. Hobson, Mayor; William C. Cole, Jr., Vice Mayor; Barry A. Greene; L. D. Oakes; and Francis T. West. Also present was Mr. Henry C. Reed, Councilman-elect. After the invocation and opening comments by City Manager Noland, Council reviewed a written statement prepared by Councilman Greene on the proposed 1980-81 budget, suggesting certain adjustments thereto, amounting to $181,028.00 which, with additional revisions made during the discussion thereof, would require further adjustments of only approximately $100,000.00 to achieve an acceptable end-of-year surplus margin without increasing local taxes. In addition, Mr. Greene's statement included a comparative analysis of the City's budgets for the past several years as well as a discussion of long-term objectives. In general, while holding in abeyance one or two specific adjustments proposed by Mr. Greene, Council concurred with his approach and total findings and directed City Manager Noland to recommend further adjustments, for presentation at Council's forthcoming next regular meeting, in the approximate amount of $100,000.00 and still retain the City's current tax rates. One adjustment included in Mr. Greene's statement pertained to the proposed budget for the City's Director of Finance & Clerk of Council, W. H. Yeaman, wherein there was provided funds for a replacement for the Director of Finance in anticipation of his