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<br />TUESDAY
<br />
<br />28
<br />
<br />JUNE 25, 1974
<br />
<br />.-
<br />
<br />In accordance with duly-advertised public notice, Council conducted a public hearing on a
<br />
<br />proposed budget for the City of Martinsville for its fiscal year ending June 30, 1975 which,
<br />
<br />as revised, proposed a 20% utility tax on other-than residential electric customers within
<br />
<br />the City, with a tax ceiling of $500.00 per month per customer location. During the course
<br />
<br />of this hearing, in which several residents and businessmen posed several questions, Mayor
<br />
<br />West recommended that a utility tax on other-than residential electric customers be limited
<br />
<br />to l5% per month, with a tax ceiling of $400.00 per month on anyone customer, regardless of
<br />
<br />number of separate locations or branches within the City, and that the City's mot.or vehicle
<br />
<br />license tax schedule be increased, for example passenger vehicle license tax from $10.00 to
<br />
<br />$15.00 per year. In acceptance of Mayor West's recommendation, Council amended appropriate
<br />
<br />sections of the City's consumers utility tax (see addendum for ordinance), effective July 1,
<br />
<br />1974, and--by a recorded unanimous vote--adopted a City budget for the fiscal year ending
<br />
<br />June 30, 1975, reflecting the recommendations hereinbefore mentioned, summary of which is
<br />
<br />incorporated in the following appropriation ordinance (by funds):
<br />
<br />AN ORDINANCE MAKING APPROPRIATIONS OF SUMS OF MONEY FOR ALL NECESSARY
<br />EXPENDITURES OF THE CITY OF MARTINSVILLE, VIRGINIA, FOR ITS FISCAL
<br />YEAR ENDING JUNE 30, 1975.
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia,
<br />that the following sums of money be and are hereby appropriated--by
<br />funds--for the fiscal year ending June 30, 1975, from fund sources of
<br />estimated revenue, as follows:
<br />
<br />Appropriations
<br />Anticipated Balance
<br />at July 1, 1974: $
<br />
<br />-
<br />
<br />General Fund
<br />Prison Fund
<br />City Transit Fund
<br />V.P.A. Fund
<br />School Fund
<br />Cafeteria Fund
<br />Textbook Fund
<br />Stores Fund
<br />Electric Fund
<br />Water Fund
<br />Sewer Fund
<br />TOTALS:
<br />
<br />3,195,655.50
<br />135,9l7.00
<br />222,628.00
<br />897,731. 00
<br />3,933,733.00
<br />452,295.00
<br />35,000.00
<br />69,639.50
<br />2,610,333.00
<br />494,116.00
<br />627,906.00
<br />$12,674,954.00
<br />
<br />REV E
<br />
<br />Direc t
<br />
<br />$ 609,000.00
<br />
<br />7,264,327.00
<br />l04,760.00
<br />115,000.00
<br />
<br />452,295.00
<br />35,000.00
<br />50.00
<br />2,972,500.00
<br />573,470.00
<br />548,552.00
<br />$12,674,954.00
<br />
<br />* Includes $378,000.00 Revenue Sharing Funds
<br />ADOPTED: June 25, 1974
<br />
<br />N U E
<br />Contributions
<br />and
<br />Transfers
<br />
<br />$ 609,000.00*
<br />( 75,000.00)
<br />4,068,671.50
<br />( 3l,l57.00)
<br />( 107,628.00)
<br />( 897,731. 00)
<br />(3,858,733.00)
<br />
<br />( 69,589.50)
<br />362,l67.00
<br />79,354.00
<br />( 79,354.00)
<br />$
<br />
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