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Enclosure #1
<br />
<br />CITY OF MARTINSVILLE, VIRGINIA
<br />
<br />ORDINANCE NO. 99-5
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular session assembled
<br />June . 1999, that the following sums of money be and hereby are appropriated--by Funds- for
<br />the City's fiscal year ending. June 30, 2000, from the following Fund sources of estimated revenue:
<br />
<br /> Changes
<br /> Projected In Fund
<br />Appropriations Revenues Balance
<br />
<br />General Fund $ 23,054,696 $ 22,977,226 $ (77,470)
<br />Electric Fund $ 13,668, 157 $ 11,516,280 $ (2,151,877)
<br />Water Fund $ 2,558,407 $ 1,974,090 $ (584,317)
<br />Sewer Fund $ 2,364,111 $ 1,705,225 $ (658,886)
<br />Refuse Coll./Land~ll Fund $ 4,053,818 $ 3,218,951 $ (834,867)
<br />Stores Fund $ 250,254 $ 250,254 $
<br />Rental Asst.tCDBG $ 267,239 $ 267,239 $
<br />Street Mainto $ 1,823,492 $ 2,243,492 $ 420,000
<br />Cafeteria Fund $ 971,824 $ 971,824 $
<br />Schools Fund $ 18, 153,391 $ 18,203,391 $ 50,000
<br />Hooker Field Fund $ 41,000 $ 41,000 $
<br />Capital Reserve Fund $ 3,138,459 $ 2,108,192 $ (1,030,267)
<br />Color Removal Fund $ 350,000 $ 350,000 $
<br />Meals Tax Fund $ 974,378 $ 974,378 $
<br />
<br />Total $ 71,669,226 $ 66,801,542 $ (4,867,684)
<br />
<br />BE IT FURTHER ORDAINED by said Council that the tax rate for said fiscal year shall be, for
<br />each one hundred dollars of assessed valuation, as follows:
<br />
<br />Real Estate $0,94
<br />Personal Property $1.92
<br />Machinery and Tools $1.85
<br />
<br />BE IT FURTHER ORDAINED by said Council that this Ordinance shall be in force on and after
<br />July 1, 1999.
<br />
<br />Attest:
<br />
<br />Dewey P. Cashwell, Clerk of Council
<br />
<br />Date Adopted
<br />
<br />July 1, 1999
<br />Date Effective
<br />
<br />wkshts/budord
<br />
<br />
<br />
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