Minutes 04/25/1977 - Laserfiche WebLink

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36 ~NMY APRIL 25, 1977 ~ A special and duly-called meeting of the Council of the City of Martinsvi1le, Virginia, was held Monday, April 25, 1977, at Martinsville Senior High School, beginning at l2:l5.P.M., for the purpose of meeting jointly with the Martinsville City School Board to receive said Board's proposed school system budget for the fiscal year ending June 30, 1978. All members of Council ware present, viz., William D. Hobson, Mayor; William C. Cole, Jr., Vice Mayor; Barry A Greene; L. D. Oakes; and Francis T. West. On behalf of the School Board, Dr. James E. Calkins, Superintendent of Martinsville City Schools, and members of his staff, presented expenditure requests in the total amount of $4,236,313.00 (excluding debt service and pupil transportation costs), representing an increase of $254,606.00 over the current school operating budget, against which proposed 1977-78 expenditure budget the City may expect to receive from State and local (non-tax) funds the sum of $1,343,262.00, leaving the sum of $2,893,051.00 to be financed from local taxation, or an increase of $238,l54.00 from local taxation over the adopted 1976-77 school budget. Dr. Calkins pointed out, however, that--although the revised estimate of State-local funds for 1976-77 will fall short by some - $l3,979.00 from the adopted revenue estimate--revised estimated expenditures for the current year will be sufficiently less (than the adopted expenditure budget) to provide a surplus of at least $lOO,OOO.OO at June 30, 1977. Such surplus, Dr. Calkins further pointed out, allows for the following recommended (but non-budgeted) expenditures during the curEent year: (a) Twenty-five additional uniforms for band members, at a cost of $5,000.00; (b) purchase of a pick-up truck, at a cost of $4,000.00; or (c) applying some $l4,000.00 toward the Textbook account to off-set the deficit remaining in that account as of June 30, 1976.