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WEDNESDAY. JUNE 19, 1996
<br />
<br />A special and duly-called meeting of the Council of the City of
<br />Martinsville, Virginia, with Mayor George B. Adams, Jr. presiding, was
<br />held Wednesday, June 19, 1996 in the Council Chamber, City Hall,
<br />beginning at 7:45 A.M. All members of Council were present: George B.
<br />Adams, Jr., Mayor; L. D. Oakes, Vice-Mayor; Mark A. Crabtree; M. Gene
<br />Teague; and Clyde L. Willjams.
<br />
<br />Upon motion, duly seconded and by unanimous vote, Council waived its
<br />normal, per-meeting compensation for this special meeting.
<br />
<br />Upon motion, duly seconded and by unanimous vote, Council adopted the
<br />following Ordinance No. 96-4:
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in
<br />special session assembled June 19, 1996, that the following sums of
<br />money be and hereby are appropriated--by Funds--for the City's fiscal
<br />year ending June 30, 1997, from the following Fund sources of estimated
<br />revenue:
<br />
<br />General Fund
<br />Electric Fund
<br />Water Fund
<br />Sewer Fund
<br />Ref. Coll/Landfill Fund
<br />Stores Fund
<br />Housing Fund
<br />Prison Fund
<br />Street Maintenance Fund
<br />Cafeteria Fund
<br />Schools Fund
<br />Hooker Field Fund
<br />Capital Reserve Fund
<br />Color Removal Fund
<br />Meals Tax Fund
<br />
<br />ADDropriations
<br />
<br />20,745,416
<br />12,415,469
<br />2,559,752
<br />2,292,550
<br />2,242,119
<br />242,173
<br />487,982
<br />684,566
<br />1,790,446
<br />787,200
<br />15,413,791
<br />9,188
<br />561,900
<br />600,000
<br />782.989
<br />
<br /> Changes In
<br />Projected Fund
<br />Revenues Balance
<br />
<br />19,201,270 (1,544,146)
<br />11,432,400 ( 983,069)
<br />2,306,540 ( 253,212)
<br />2,189,125 ( 103,425)
<br />2,943,089 700,970
<br />242,173 0
<br />653,249 165,267
<br />684,566 0
<br />1,790,446 0
<br />787,200 0
<br />15,413,791 0
<br />9,188 0
<br />305,139 ( 256,761)
<br />600,000 0
<br />735.000 ( 47.989)
<br />
<br />Total 61,615,541 59,293,176 (2,322,365)
<br />
<br />BE IT FURTHER ORDAINED by said Council that the tax rate for said
<br />fiscal year shall be," for each one hundred dollars of assessed
<br />valuation, as follows:
<br />
<br />
<br />
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