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TUESDAY. JUNE 12. 1990
<br />
<br />BE IT ORDAINED by the.~2~iCounc.il-~ ~ of the City of Martinsville,
<br />Virginia, in regular mee~I~g·!~'~aSS~m~led this 12th day of June 1990,
<br />that the following sums 0f~moneybe and hereby are appropriated--
<br />by Funds--for the City's fiscal year ending Junel-30, 1991 from the
<br />following Fund sources of estimated revenue:
<br />
<br /> General Fund
<br />~E~ctric'Fund
<br /> Water ,Fund
<br /> Sewer Fund`·
<br /> Stores Fund
<br />
<br />H6Using'ServicesFund
<br /> PriSon Farm Fund
<br /> Cafeteria Fund
<br /> Textbook Fund
<br /> Electric Capital
<br /> ~Reserve Fund
<br /> Sewer Bond Reserve
<br /> Fund
<br /> Industrial ·Park Fund
<br /> ;Street.Maint. Fund
<br /> Refuse~Coll/Landfill
<br /> Fund
<br /> ~Engllsh Pield Fund ~
<br />
<br />Appropriations
<br /> and
<br /> Reserves
<br />
<br />$24,174,172
<br />11,197,058
<br />2,276,062
<br />6,016,743
<br />203,681
<br />571,743
<br />681,462
<br />820,367
<br />165,000
<br />
<br />242,573
<br />
<br />3,200,000
<br /> 139,544
<br />1,461,287
<br />
<br />625,194
<br /> 6.770
<br />
<br /> Revenues
<br />Projected
<br />
<br />$23,012,308
<br />'10,449,846'
<br />1,913,920
<br />5,390,500 .......
<br />203,681
<br />571,743~
<br />681,462
<br /> 820,367
<br /> 165,000
<br />
<br /> 90,000
<br />
<br /> 130,767
<br /> ~0
<br />1,461,287
<br />
<br />From
<br />Surplus
<br />
<br />$1,161,864
<br /> 747,212
<br /> 362,142
<br /> 626,243
<br /> 0
<br /> 0
<br /> 0
<br /> 0
<br /> 0
<br />
<br />152,573
<br />
<br />3,069,233
<br /> '139,544
<br /> 0
<br />
<br />548,500 76,694
<br />3.500 ~ 3,270
<br />
<br />'TOTAL $51,781,656 '= $45,442'881
<br />
<br />$6~338,775
<br />
<br />BE IT FURTHER ORDAINED by said Council that the tax rate for said
<br />fiscal y~ar shall be, for each one hundred dollars of assessed
<br />v~luatton, as follows: * ....
<br />
<br />Real Estate " $0~76
<br />Personal Property $2.25
<br />Machinery and Tools $1.85
<br />
<br />=BE;"I~:'FURTHER"0RDAINED"by"said Council that this"ordina~e shall
<br />be in force on and after July 1, 1990.
<br />
<br />upon motion,"duly seconded, and by unanimousvote, Council;adopted
<br />
<br />the following Ordinance (90-8) which updates City Code Section 12-
<br />
<br />140 to reflect amendments by the 1990 Virginia General Assembly to
<br />
<br />state '*motor vehicle statutes: '= '
<br />
<br />
<br />
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