Laserfiche WebLink
Vote 5 - 0; Yeas (5) - Crabtree, Dallas, Haskell, Roop, Teague; Nays (0) - None; <br /> <br />Absent (0) - None. <br /> <br />Set a Public Hearing for October 26, 1999, on a request from <br />American Tower Corporation for Triton PCS, Inc. for a <br />Special Use Permit to construct a telecommunications facility <br />at 900 Rives Road. <br />Accepted and appropriated funding for the Schools received <br />from various grant awards that ware not a part of the <br />FY1999-2000 Budget (Attachment B). <br /> <br />The following Staff Reports were presented: <br /> <br />Wade <br /> <br />Bartlett, Director of Finance - <br />Financial Report for month endin.a 07/31/99: "The majority of the <br />final adjustments have been received from the auditors. All <br />amounts are subject to revision once the auditors have completed <br />their review. Revenues in all funds are following normal patterns. <br />Expenditures are also following historical patterns. General Fund <br />actual expenditures exceed the anticipated amounts due to <br />payments of contracts, insurance premiums and support to various <br />outside agencies (MURA, Virginia Museum of Natural History, etc.). <br />As the Fiscal Year develops, this vadance will disappear. <br />Expenditures for all other funds are significantly less than <br />antidpated. This is normal for all funds due to low expenditures on <br />capital items and maintenance costs. Capital items have long lead <br />times while maintenance costs occur sporadically. Overall fund <br />balances increased by $1,586,962. The budget increases occurred <br />in the Electric, Capital Reserve, Street Maintenance and Refuse <br />Funds. The increase in the Capital Reserve Fund was due to <br />receipt of about $550,000 in reimbursement for cost associated <br />with Clearview Business Park. The increase in the Street <br />Maintenance Fund was due to the combining of that Fund with the <br />General Fund. The increases in the Electric and Refuse Funds <br />were mainly caused by the low spending rates. In all 12 funds <br />improved, five declined and one remained unchanged." <br />Financial Report for month ending 08/31/99: "The majority of the <br />final adjustments have been received from the auditors. All <br />amounts are subject to revision once the auditors have completed <br />their review. Revenues are exceeding expectations in all but the <br />School and General Fund. Historically, revenue collections in the <br />enterprise funds exceed projections early in the Fiscal Year. This is <br />due to weather conditions, and this Fiscal Year is following the <br />historical pattern. General Fund Revenue's lag behind <br />expectations eady in the Fiscal Year due to an inability to collect <br /> <br /> <br />