Minutes 04/25/1975 - Laserfiche WebLink

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(~ ~ FRIDAY APRIL 25, 1975 - A special and duly-called meeting of the Council of the City of Martinsville, Virginia, was held with the Martinsville City School Board, at the School Board's Office in Albert Harris School, Friday, April 25, 1975, beginning at l2:30 P.M., for the purpose of receiving and discussing the proposed budget of the City School System for the fiscal year ending June 30, 1976 and, also, for such other matters as are hereinafter included in these minutes. All members of Council were present, viz., Harry L. Boaz, Mayor; William D. Hobson, Vice Mayor; G. S. Fitz-Hugh, Jr.; Barry A. Greene; and Morton W. Lester. School Superintendent John D. Richmond presented said proposed budget, first explaining the revised formula by which State "basic appropriations" are determined as well as the method by which the localities' share of State sales taxes are distributed. In addition, Superintendent Richmond informed the Council that income for local school accounts for the current year will exceed the original 1974-75 estimates by $112,825.00 and, also, that estimated income for these accounts for 1975-76 will exceed the original 1974-75 estimates by $109,696.00, with the total of these two excesses amounting to $222,519.00, essentially matching the proposed increase in the School operating budget for 1975-76 over 1974-75 (being $222,739.00), said increase in requested expenditures resulting principally from salary adjustments ,- of some 5% overall and increased fuel costs. Mr. Richmond informed Council, too, that a decline in pupil "average daily membership", which began several years ago, is expected to continue for several more years, with an expected "ADM" of 3,975 for 1975-76 as compared with 4,114 for 1974-75. After being apprised of the requirement that, effective with the 1976-77 budget year, school budgets must be approved no later than each prior May 1st, Council took the School Board's requested 1975-76