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<br />~30
<br />
<br />'lUESDAY
<br />
<br />JUNE 2.4. 1958
<br />
<br />A motion was carried, with Councilman Hill voting against the motion,
<br />which removed from future Council agendas for an indefinite period
<br />
<br />of time the 1955 report of the Special Tax study Advisory Group on
<br />
<br />local business and occupational license taxation.
<br />
<br />After some discussion of the proposed City Budget for the fiscal year
<br />ending June 30, 1959, as presented and recommended by City Manager
<br />Hirst on May 27, 1958, and by a recorded and unanimous vote of members
<br />present, Council adopted the following appropriation ordinance (summary)
<br />and the budget document relating thereto:
<br />
<br />AN ORDINANCE MAKING APPROPRIATION OF SUMS OF MONEY FOR ALL NECESSDAY
<br />EXPENDITURES OF THE CITY OF MARTINSVILLE, VmGINIA, FCR ITS FISCAL
<br />YEAR ENDING JUNE 30, 1959
<br />
<br />BE 1'1' 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, 195' trom fund sources of
<br />estimated revenue as follows:
<br />
<br />Auuro'Driations
<br />
<br />REV E N U E
<br />Contributions
<br />and
<br />Direct Transfers
<br />
<br />Anticipated Balance
<br />at 7-1-58:
<br />School Fund . . 4,000.00) $
<br />other Funds 213,454.76) 217,454.76
<br />General Fund 1,025,493.11 2,002,267.85 976,774.74
<br />Paving Fund 13,182.45 ( 13,182.45
<br />Prison Fund so, 220.00 74,428.38 5,7CJ1.62)
<br />V.P.A. Fund 53,764.00 ( 53,764.00)
<br />Scbool fund 1,365,561.06 ( 1,365,561.06)
<br />Cafeteria Fund 114,255.00 114,255.00
<br />Textbook fund 25,000.00 25,000.00
<br />Sinking Fund 5,640.98 5,640.98 ( 40,354.40)
<br />stores Fund 40,354.40
<br />Water Fund 299,891.23 279,923.00 ( 19,968.23)
<br />Sever Fund 165,715.00 167, SOO.OO 2,085.00
<br />Electric Fund 811,507 .64 1,087,450.00 275,942.36
<br /> $3,987,402.42 $3,987,402.42 .
<br />
<br />Adopted: June 24, 1958
<br />
<br />The Budget, as adopted, reflected the following significant revisions of and
<br />
<br />
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