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TUESDAY. MAY 28. 1991
<br />Mayor~McClain expressed appreciation to Mr. Worth Carter, Jr. for raising
<br />questions at the May 14, 1991 Council meeting in that his questions led to a
<br />better understanding of the budgetary process on the part of Mayor McClain
<br />
<br />and Councilman Oakes. Mr. Carter stated that he still strongly disagreed
<br />
<br />that the City would save money by participating in the early retirement
<br />
<br />program and that the City should reduce personnel by making reductions
<br />without the benefit of early retirement inducements. Mr. Carter stated that
<br />he would submit a letter to the Administration requesting certain information
<br />and would return to Council with a report. Mr. Carter said that he still-did
<br />not believe· that the water and sewer rate increases contained in. the proposed
<br />
<br />Budget were necessary.
<br />
<br />Upon motion, duly seconded and
<br />following Ordinance No. 91-5:
<br />
<br />by unanimous
<br />
<br />vote, Council
<br />
<br />adopted the
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in
<br />regular session assembled May 28, 1991, that the following sums of money be
<br />and hereby are appropriated--by Funds--for the City's fiscal year ending June
<br />30, 1992, from the following Fund sources of estimated revenue:
<br />
<br />Appropriations
<br /> and
<br /> Reserves
<br />
<br /> REVENUES
<br />From
<br />Projected Surplus
<br />
<br />General Fund
<br />Electric Fund
<br />Water Fund
<br />Sewer Fund
<br />Stores Fund
<br />Housing Services Fund
<br />Prison Farm Fund
<br />Cafeteria Fund
<br />Textbook Fund
<br />Electric Capital Reserve Fund
<br />Industrial Park Fund
<br />Refuse Collect/Landfill Fund
<br />Street Maintenance Fund
<br />English Field Fund
<br />
<br />23,925,675 23,228,496 697,179
<br />11,364,369 10,405,649 958,720
<br />2,246,083 1,925,720 320,363
<br />2,709,276 2,021,000 688,276
<br />179,327 179,327 0
<br />871,233 871,233 0
<br />729,219 729,219 0
<br />830,018 830,018 0
<br />294,400 185,500 108,900
<br />145~000 145,000 0
<br />126,167 0 126,167
<br />713,185 548,500 164,685
<br />1,445,450 1,445,450 0
<br />14.270 4.000 10.270
<br />
<br />TOTAL 45,593,672 42,519,112 3,074,560
<br />
<br />BE IT FURTHER ORDAINED by said Council that the tax rate for said fiscal year
<br />shall be, for each one hundred dollars of assessed valuation, as follows:
<br />
<br />
<br />
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