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<br />TUF.SDAY <br /> <br />MAY 24, 1960 <br /> <br />1E <br /> <br />Mrs. E. G. Penn, Sr., representing the Martinsville Library Board, requested <br /> <br />Council to appropriate the sum of $2,000.00 in addition to the amount being <br /> <br />recommended by City Manager Hirst for the operation of the Public Library during <br />the fiscal year ending Jure 30, 1961, in order to provide funds to employ an <br /> <br />accredited librarian. <br /> <br />/...--.. <br /> <br />Council then received City Manager Hirstls recommended budget for the fiscal <br /> <br />yea.r ending June 30, 1961, accompanying his budget message, and called for a <br /> <br />public hearing thereon to be conducted by Coun::il in the Coun::il Chamber, <br /> <br />Tuesday, June 21, 1960, at 7:15 P.M. The Manager's recommended budget was <br /> <br />balanced on the assumption that Coun::il will increase the present real estate <br /> <br />and public service corporation tax rate by seventeen cents (lU), or from <br /> <br />$1.85 per one hundred dollars of assessed valuation to $2.02, to provide an <br /> <br />amount equal to the excess (of some $58,500.00) requested by the City School <br /> <br />A summary of the Manager IS recommended budget follows: <br /> <br />Board over and above otherwise ~ommi tted and anticipated available monies. <br /> <br />Estimated Receipts and Balances <br /> <br />Anticipated Balance Available at July 1, 1960 . . . . . . . . . . . <br />Estimated Receipts: <br />General Property Taxes ..... . . . . . . . . . . . . . . . <br />utility Tax (Consumerst--City Utilities) ........... <br />Licenses and Permits ..................... <br />Fines and Forfeitures .................... <br />Use of Money and Proper~ . . . . . . . . . . . . . . . . . . . <br />Proportionately-Shared State Taxes .............. <br />Grants-In-Aid (excluding Welfare and School aid) ....... <br />Service Charges for Current Services ............. <br />Sale of Commodities and Properties .............. <br />Shared Construction ..................... <br />Other ............................ <br />Street Paving . . . . . . . . . . . . . . . . . . . . . . . . . <br />Pris on Farm ......................... <br />Welfare (Public Assistance Grants-In-Aid) . . . . . . . . . . . <br />Public School System . . . . . . . . . . . . . . . . . . . . . <br />Sinking Fund ........ . . . . . . . . . . . . . . . . . <br />Electric System. . . . . . . . . . . . . . . . . . . . . . . . <br />Water System ... . . . . . . . . . . . . . . . . . . . . . . <br />Sewerage System . . . . . . . . . . . . . . . . . . . . . . . . <br /> <br />Total Estimated Receipts and Balances <br /> <br />. . . <br /> <br />$ 211,046.99 <br /> <br />982,752.90 <br />67,700.00 <br />339,260.00 <br />49,850.00 <br />7,218.95 <br />2,160.00 <br />188,125.00 <br />38,895.00 <br />929 . 00 <br />11,250.00 <br />4,800.00 <br />14,867.43 <br />85,740.00 <br />58,850.74 <br />717,069.81 <br />1,170.00 <br />1,245,500.00 <br />310,620.00 <br />276,500.00 <br />$4,614.305.82 <br />