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<br />March 24, 2009 <br /> <br />Council requested a report on expected year end fund balance as part of the <br />monthly finance report. On a motion by Kimble Reynolds, seconded by Gene <br />Teague, with a 5-0 vote, Council approved the monthly finance report as <br />presented. <br />On a motion by Gene Teague, seconded by Kimble Reynolds, Council <br />approved, with a 5-0 vote, the following consent agenda: <br /> <br />ORG <br /> <br />BUDGET ADDITIONS FOR 03/24/2009 <br />OBJECT DESCRIPTION <br /> <br />DEBIT <br /> <br />CREDIT <br /> <br />Proceeds from Indebtedness/Loan Proceeds <br />Major Tools & EquipmenUSt Construction/Sweeper <br />Physical Plant Expansion/Garage Addition <br />This is to appropriate the funds received from the recent <br />debt issuance to cover the cost of the new street sweeper <br />and the addition to the garage. <br />Total Capital Reserve Fund: <br /> <br />FY09 <br />GENERAL FUND <br />01100909 490104 <br />01812242 506067 <br /> <br />Total General Fund: <br /> <br />Sewer Fund <br /> <br />13103936 <br /> <br />13550325 <br /> <br />407701 <br />508220 <br /> <br />Total Sewer Fund: <br />Capital Reserve Fund <br />16103936 407701 <br />16572362 508112 <br />16577367 508100 <br /> <br />Advanced/Recovered Costs <br />Misc. Development Expense/RADAR Transit Program <br />This is the reimbursement due from RADAR for the actual <br />costs of gasoline and diesel for December and January. <br /> <br />325 <br /> <br />325 <br /> <br />325 <br /> <br />325 <br /> <br />Proceeds from Indebtedness/Loan Proceeds <br />Wastewater PlanUPhysical Plant Expansion <br />This is to appropriate the funds received from the recent <br />debt issuance to cover the sludge press project. <br /> <br />500,000 <br /> <br />500,000 <br /> <br />500,000 500,000 <br /> <br />43,153 <br /> <br />7,150 <br />36,003 <br /> <br />43,153 43,153 <br /> <br />Scott Coleman presented a report on the National League of Cities <br />Caremark Prescription Drug Discount Program. This program is administered by <br />the National League of Cities and CVS Caremark to league member cities, such as <br />Martinsville, to help residents cope with prescription costs. It offers savings to <br />those who do not have health insurance or a pharmacy benefit plan or whose <br />prescriptions are not covered by insurance. There is no membership or <br />enrollment fee for participants and no cost to the city. People using the discount <br />card get an average savings of 20 percent on prescriptions at participating <br />pharmacies and it will take about eight weeks to launch the program after city <br />