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<br />CG
<br />
<br />TUESDAY
<br />
<br />JUNE 24, 1975
<br />
<br />Vice-Mayor Hobson voting in the affirmative, and Mayor Boaz and Councilman
<br />
<br />Greene voting in the negative), Council adopted a 1975-76 City Budget in
<br />
<br />accordance with Councilman Fitz-Hugh's motion, for which the appropriation
<br />
<br />ordinance follows:
<br />
<br />AN ORDINANCE MAKING APPROPRIATIONS OF SUMS OF MONEY FOR ALL
<br />NECESSARY EXPENDITURES OF THE CITY OF MARTINSVILLE, VIRGINIA,
<br />FOR ITS FISCAL YEAR ENDING JUNE 30, 1976.
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville,
<br />Virginia, that the following sums of money be and are hereby
<br />appropriated--by funds--for the fiscal year ending June 30,
<br />1976, from fund sources of estimated revenue, as follows:
<br />
<br /> REV E N U E
<br /> Contributions
<br /> and
<br /> Appropriations Direct Transfers
<br />Anticipated Balance
<br />at July 1, 1975: $ $ 236,291.00 $ 236,291. 00
<br /> ( 51,499.20)
<br />General Fund 3,491,441.41 7,967,366.00 4,475,924.59
<br />V. P. A. Fund 1,289,418.00 ( 1,289,418.00)
<br />School Fund 4,134,799.00 ( 4,083,299.80)
<br />Cafeteria Fund 470,478.00 470,478.00
<br />Textbook Fund 50,000.00 50,000.00
<br />Prison Fund 147,693.00 137,340.00 ( 10,353.00)
<br />City Transit Fund 203,175.00 128,000.00 ( 75,175.00)
<br />Redev. & Housing 5,950.00 ( 5,950.00)
<br />Com. Dev. Fund 5,000.00 ( 5,000.00)
<br />Electric Fund 4,209,300.00 4,694,300.00 485,000.00
<br />Water Fund 365,518.75 561,440.00 195,921. 25
<br />Sewer Fund 622,539.75 486,700.00 ( 135,839.75)
<br />Rev-Sharing Fund 45,677 . 84 383,372.75 337,694.91
<br />Stores Fund 74,297.00 ( 74,297.00)
<br />TOTALS: $ 15,115,287.75 $ 15,115,287.75 $
<br />ADOPTED: June 24, 1975
<br />
<br />Upon motion, duly seconded and unanimously carried, and in response to the request
<br />
<br />of petitioner named therein, represented by Mr. Douglas K. Frith, Attorney at Law,
<br />
<br />Council adopted the following resolution authorizing the transfer of the Community
<br />
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