Minutes 11/08/1994 - Laserfiche WebLink

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].68 TUESDAY, NOVEMBER 8, 1994 A regular semi-monthly meeting of the Council of the City of Martinsville, Virginia, with Mayor George B. Adams, Jr. presiding, was held Tuesday, November 8, 1994 in the Council Chamber, City Hall, beginning at 7:30 P.M. All members of Council were present: George B. Adams,. Jr., Mayor; L. D. Oakes, Vice-Mayor; Mark A. Crabtree; M. Gene Teague; and Clyde L. Willjams. After the invocation, followed by Mayor Adams' cordial welcome to visitors present, Council approved the minutes of its October 25, 1994 meeting as circulated and amended. Council considered adoption, on second reading, of Ordinance 94-10 amending the City Code relative to the operation of bingo and raffle games by establishing annual audit fees. In response to a question by Councilman Crabtree, City Manager Earl B. Reynolds, Jr. stated that State law required that an organization having gross receipts in excess of 8250,000 have an annual audit conducted by an independent auditor. The intent of the proposed Ordinance would be for the Director of Finance to conduct audits for organizations having gross receipts less than $250,000. Upon motion, duly seconded and by unanimous vote, Council adopted, on second reading, the following Ordinance 94-10: WHEREAS, the operation of bingo and raffle games are regulated by Title 18.2--Crimes and Offenses Generally, Article 1.1--Bingo and Raffles, of the Code of Virginia; and WHEREAS, said Code of Virginia mandates and/or allows local jurisdictions to adopt and control certain aspects of the Code; and WHEREAS, Section 18.2-340.7 of the 1950 Code of Virginia, as amended, provides that all financial reports filed pursuant to Section 18.2- 340.6 shall be audited by a local official designated by the governing body; and WHEREAS, said statute also provides that the local governing body shall establish a reasonable audit fee not to exceed the actual cost of the audit if the audit is conducted by an independent auditor or