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<br />March 24, 2009
<br />
<br />be approved. He pointed out the two oppositions related to property owners'
<br />feelings that improvements to their property should be of their own choosing.
<br />Wayne also pointed out there will be potential funding sources for property
<br />improvements such as tax credits and possibly a pool of funds that owners could
<br />use for improvements. On a motion by Gene Teague, seconded by Kimble
<br />Reynolds, Council agreed to set a public hearing for April 14, 2009 to review the
<br />Historic District Design Guidelines.
<br />On a motion by Gene Teague, seconded by Mark Stroud, with a 5-0 vote,
<br />Council adopted the following resolution recognizing April as Fair Housing Month
<br />and expressing the City's pledge to provide equal housing opportunities for all
<br />citizens:
<br />
<br />WHEREAS, the City of Martinsville strives to promote principles of Equal Housing Opportunity by prohibiting discrimination practices
<br />in the sale, rental and financing of housing and in implementing its housing and community development programs in a manner to
<br />affirmatively further the purposes of the fair housing laws; and
<br />WHEREAS, the basis for discrimination outlawed by the federal and state fair housing acts are race, color. sex. religion. national origin.
<br />handicap, age and familial status; and
<br />WHEREAS, the City of Martinsville believes persons of similar income levels should have available to them a like range of housing
<br />opportunities and will work to promote equality and freedom of choice; now. therefore.
<br />BE IT RESOLVED by the Martinsville City Council that, on this 24th day of March, 2009, in recognition of April as Fair Housing Month,
<br />it does hereby pledge to work with its citizens in pursuit of the shared goal and responsibility for providing equal housing opportunities for
<br />
<br />all persons.
<br />
<br />Linda Conover presented the following monthly finance report:
<br />
<br />Comparison of Revenues & Expenditures for February 2009, FY09
<br />Through the end of February 2009, Fiscal Year 2009, our revenues exceeded the anticipated budget
<br />by $957,560. The Electric Fund fell slightly short of their anticipated goal by $25,353. The Water Fund was
<br />short by $54,710. The Refuse Fund was also slightly short by $6,417. The Capital Reserve Fund was off by
<br />$19,097. The four remaining major funds, General, Sewer, School, and Meals Tax all received more revenues
<br />than anticipated. In all, the actual revenues received through February were greater than anticipated.
<br />Overall expenditures were $763,933 less than anticipated through the end of February. Two funds
<br />deviated from their anticipated budgets. The Water Fund expended slightly more than anticipated by
<br />$6,691, and the Sewer Fund expended $538,532 than anticipated. The Sewer Fund expenditures include
<br />the continuing capital project for the sludge press upgrade. With an anticipated budget amendment on this
<br />evening's consent agenda, this figure will come into alignment. Continuing efforts by all departments to be
<br />conservative in their purchasing practices is reflected in the lower than anticipated expenditures.
<br />Combined Balance Sheet
<br />The overall fund balance decreased by $1,402,359 through the end of February when compared to
<br />the beginning of the fiscal year, bringing our total combined fund balances to $14,314,710. This decrease is
<br />$226,604 greater than at the end of January, and represents approximately 8.9% of Fiscal Year 2008's total
<br />fund balance of $15,717,069. A majority of the decrease can still be attributed to current cash flow with
<br />semi-annual debt service being paid in January, and the reimbursements yet to be received from state and
<br />federal programs. This negative cash flow situation should improve over the course of the next few months
<br />with the anticipated business license and real estate taxes to be received in May and June. However, taking
<br />into account the FY08 re-appropriations approved at Council's October 14th meeting for a total of
<br />$1,950,516, the FY09 fund balance has grown by $548,157. Therefore, the point can be made that the
<br />current decrease is fully attributable to the FY08 Budget Re-appropriations. This being said however, all
<br />divisions and departments of the City shall continue to be diligent and monitor their expenses, being careful
<br />with the taxpayer's dollars at all times.
<br />Discussion comments included: fund balance explanation that it is not
<br />
<br />actual cash on hand; sales tax revenue continues to stay on track as projected;
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