Minutes 03/26/1996 - Laserfiche WebLink

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TUESDAY. MARCH 26. 1996 Council considered adoption, on an emergency basis, of Ordinance No. 96-2 repealing Section 4-2 of Chapter 4--Amusements, Article I--In General, related to audit fees for the conduct of bingo and raffle games. Mr. Reynolds noted that since the implementation of audit fees in November, 1994, four agencies have paid $100 each. Two current agencies owe the fee and are requesting that it be waived. The City Attorney advised that only by repealing this Code section can the fees be waived. Mr. Reynolds noted that as of July 1, 1996, localities will not be involved in permitting, auditing, or enforcement of these activities. Instead, these activities will be regulated by the State Charitable Gaming Commission. Upon motion, duly seconded and by unanimous vote, Council adopted the following Ordinance No. 96-2: BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular session assembled on March 26, 1996, that it does hereby repeal Sec. 4-2 of Chapter 4--Amusements, Article I--In General, of the City Code related to audit fees for the conduct of bingo and raffle games, as follows: ~cc. 4 2. Samc Audit of rcports; fccs. Thc rcasonablc audit fcc rcquircd by Scction 18.2 340.7 of thc Codc of Virginia, bc, and it hcrcby is, cstablishcd in an amount equal to, but not to cxcccd, thc actual cost of thc audit if thc audit is conductcd by an indcpcndcnt auditor or accountant, or $50.00 if thc gross rcccipts which thc pcrmittcc rcports pursuant to Scction 18.2 340.6 arc bctwccn $2,000.00 and $5,000.00, $75.00 if said gross rcccipts arc bctwccn $5,000.00 and $10,000.00, and ~100.00 if said gross rcccipts arc in exccss of $10,000.00, if thc audit is conducted by a local official dcsignatcd by thc govcrning body. No audit shall bc rcquircd for any rcport filed by an organi zation with gross rcccipts of lcss than $2,000.00 annually. BE IT FURTHER ORDAINED by said Council that, an emergency existing, this ordinance become effective immediately upon adoption. Council established the following schedule for conducting work sessions involving the FY 96-97 Budget: April 24, 12:00 P.M.--Department Heads; May 2, 8:00 A.M.--Outside Agencies; May 8, 3:00 P.M.--Constitutional Officers; May 13, 10:30 A.M.--School Board.