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176
<br />
<br />CITY OF MARTINSVILLE, VIRGINIA
<br />
<br />ORDINANCE NO. 97-5
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular session assembled
<br />May 27, 1997, that the following sums of money be and hereby are appropriated-by Funds-- for
<br />the City's fiscal year ending June 30, 1998, from the following Fund sources of estimated revenue:
<br />
<br /> Changes
<br /> Projected In Fund
<br />Appropriations Revenues Balance
<br />
<br />General Fund $ 20,513,731 $ 20,533,931 $ 20,200
<br />Electric Fund $ 12,904,446 $ 10,802,400 $ (1,252,046)
<br />Water Fund $ 2,697,705 $ 2,108,974 $ (279,731)
<br />Sewer Fund $ 2,607,534 $ 1,828,469 $ (259,065)
<br />Refuse/Landfill Fund $ 2,254,505 $ 3,025,000 $ 945,495
<br />Stores Fund $ 240,892 $ 230,692 $ (10,200)
<br />Housing Fund $ 1,114,343 $ 875,727 $ (238,616)
<br />Prison Fund $ 711,778 $ 711,778 $
<br />Street Maint. Fund $ 1,721,530 $ 1,721,530 $ -
<br />Cafeteria Fund $ 795,603 $ 795,603 $ -
<br />Schools Fund $ 16,046,309 $ 16,046,309 $
<br />Hooker Field Fund $ 21,488 $ 21,488 $ -
<br />Capital Reserve Fund $ 620,110 $ 327,041 $ (293,069)
<br />Color Removal Fund $ 500,000 $ 500,000 $ -
<br />Meals Tax Fund $ 441,090 $ 750,000 $ 308,910
<br />
<br />Total $ 63,191,064 $ 60,278,942 $ (1,058,122)
<br />
<br />BE IT FURTHER ORDAINED by said Council that the tax rate for said fiscal year shall be, for
<br />each one hundred dollars of assessed valuation, as follows:
<br />
<br />Real Estate $0.94
<br />Personal Property $1.92
<br />Machinen/and Tools $1.85
<br />
<br />BE IT FURTHER ORDAINED by said Council that this Ordinance shall be in force on and after
<br />July 1, 1997.
<br />
<br />Attest:
<br />anc~e G. Heater, Clerk
<br />
<br />Date Adopted May 27, 1997
<br />
<br />Date Effective July 1, 1997
<br />
<br />wkshtsroudord
<br />
<br />
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