Minutes 04/05/1991 - Laserfiche WebLink

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FRIDAY, APRIL 5, 1991 A!special and duly-called meeting of the'Council of the Cityof~Martinsvill~I Virginia, with Mayor Allan McClain.presiding, was held Friday, April 5, 1991~ in the Council Chamber, City tIall, beginning at 10:00 A.M. for the purpose of conducting a review of the City Manager's Proposed Fiscal Year 1991-92 Budget. All members of Council were present: Allan McClain, Mayor; Alfred Vice-Mayor; George B. Adams, Jr.; L.D. Oakes; and Clyde T. Groden, ~.Williams. City Manager Brown presented a general overview of the proposed budget including a summary of revenues, expenditures and projected fund balances. Mr. Brown noted that the total FY 91-92 Budget was $46,143,150, which is $7.6 million. less than the FY90-91 Budget. This large difference results primarily from the fact that, for accounting purposes, the $3.2 million expenditure for the buy-back of the Henry County Public Service Authority's capacity in the City's sewer system is shown in the FY90-91 Budget as an expenditure item from both the Sewer Bond Fund (as a transfer to the Sewer Fund) and from the Sewer Fund (as the actual expenditure for buy-back of the PSA's capacity); and a $1.4 million expenditure for purchase of capacity in the outfall line to the new PSA Treatment Plant. Mr.~ Brown began a review of 'the General Fund, noting that $360,000~in new revenues from a 4% meals tax is included to fund the shortfall in education monies from the State. Mr. Brown noted that, due to the stress on the City's revenues, several reductions have been reflected in the proposed budget, including the elimination of an expenditure in the Finance Department for the replacement of the Central Processing Unit. Mr. Brown stated that the proposed budget reflected a cut of 5.7 full-time equivalent positions in the General Fund and an overall net reduction of 2.3 positions in all areas under the CityManagero The combination of projected revenues, transfers, and