|
<br />FRillAY
<br />
<br />~
<br />
<br />JUNE 2JJ_.1962
<br />
<br />City Manager Hirst advised Council that, despite a reduction in his
<br />recommended budget, the City's financial condition is excellent, its
<br />utility rates favorable, and the amount of its general bonded indebted-
<br />ness is less than half allowed under its legal debt margin, all of
<br />which attests to a good operating corrlition; however, City Manager
<br />Hirst further pointed out that there is great need far capital improve-
<br />merrts and urged that planning and s tu <tr be given to these nee ds.
<br />
<br />,-'
<br />
<br />In action upon the motion introduced and duly seconded, and by a recorded vote
<br />
<br />(affirmative: CounciJJnen Wilson, Burch, and Stone; negative: Councilmen Renick
<br />
<br />ordinance (by funds):
<br />
<br />and Boaz), Council adopted the budget as revised and the following appropriation
<br />
<br />AN ORDINAK;E MAKING APPROPRIATIONS OF sum OF MONEY FOR ALL lill;ESSARY
<br />EXPENDITURES OF THE CITY OF MARTIN3VILIE, VmGINIA, FOR I'lS FISCAL YEAR
<br />ENDING JUNE 30, 1963.
<br />
<br />BE IT ORDAINED, by the Council of the City of Martinsville, Virginia, in
<br />duly-called and special neeting held this 29th day of June, 1962, that
<br />the followirg sums of money be and are hereby appropriated by funds for
<br />the fiscal year ending June 30, 1963, from fund sources of estimated
<br />revenue as follows:
<br />
<br />Appropriations
<br />
<br />_.
<br />
<br />Anticipated balances at 7-1-62: $
<br />
<br />General Fund .. . . . . . .
<br />School Fund . . . . . .
<br />Electric Fund . . . . . . . .
<br />Other Funds .... ..
<br />
<br />General Fund . .
<br />Paving Fund . . . . . .
<br />Prison Fund .........
<br />Virginia Public Assistance Fund
<br />School Fund .........
<br />Cafeteria Furrl .. . . . . . .
<br />Textbook Furrl ........
<br />Stores Fund ..
<br />Electric Fund .... ..
<br />Wa ter Furrl . . . . . . . . . .
<br />Sewer Fund . . . . . . . .
<br />
<br />1,274,782.48
<br />
<br />84,400.00
<br />101,014.00
<br />1,727,339.62
<br />151,926.62
<br />31,000.00
<br />20,820.00
<br />932,511.50
<br />317,370.00
<br />271 ,000.00
<br />
<br />REVENUE
<br />Contributions
<br />and
<br />Direct Transfers
<br />
<br />$
<br />
<br />$
<br />
<br />155,413 .56
<br />30,000.00
<br />73,830.00
<br />28,536.26
<br />
<br />2,403,218.50
<br />10,969.28
<br />85,120.00
<br />
<br />155,413.56
<br />30,000.00
<br />73,830.00
<br />28,536.26
<br />
<br />1,128,436.02
<br />10,969.28
<br />720.00
<br />( 101,014.00)
<br />(1,727,339.62)
<br />
<br />151,926.62
<br />31,000.00
<br />100.00 ( 20,720.00)
<br />1,353,680.00 421,168.50
<br />317,370.00
<br />277,000.00 _
<br />
<br />$4,918,164.22 $4,918,164.22 ~
<br />
<br />Totals:
<br />
<br />Council was adjourned.
<br />
<br />)':'~Yj lV.., ,~~
<br />W. H. ( eaman, Clerk of Council
<br />
|