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Real Estate and Personal Property taxes. Expenditures in all <br /> Funds are below expectations: This is a normal occurrence at the <br /> beginning of a Fiscal Year. The inability to bid, award and <br /> complete large projects/contracts during the first few months of the <br /> Fiscal Year accounts for the positive variance in expenditures. <br /> Overall Fund balances declined almost $700,000 during August. <br /> The largest decreases occurred in the Schools ($590,000) and <br /> Capital Reserve Fund ($599,764). The decrease in the School <br /> Fund is a normal occurrence because it receives almost no <br /> revenues during August. The decrease in the Capital Reserve <br /> Fund was the result of expenditures on Albert Harris. The Electdc <br /> ($305,947) and Refuse ($236,832) Funds both reported large <br /> increases. This was the result of strong revenue collections and <br /> very small expenditures. Major expenditures in both of these funds <br /> are transfers to other funds. Transfers are not normally completed <br /> until the end of each quarter thus artificially minimizing <br /> expenditures until that time. Overall seven funds improved, eight <br /> declined and one remained unchanged." He added, "No CD has <br /> been cashed. I look dosely at cash flow with the City Treasurer." <br />Jerry Brock, Chief of Fire - "The Regional Fire School will be held October <br /> 16-17, 1999, at the Martinsville High School and the DuPont <br /> Training Center. We have 177 pre-registered and expect <br /> approximately 200. Regarding the grant from the Virginia <br /> Emergency Medical Services, we appeared before the area council <br /> and received the highest score that they can give. Also, the Fire <br /> Department received a Life Achievement Award from the <br /> Residential Fire Safety Institute for having no fatalities in 1998. <br /> Only 17 departments received this award statewide and only 903 <br /> nation-wide." <br /> <br />Council Member Roop stated, "Hurricane Floyd did tremendous damage to the <br /> <br />City of Franklin, Virginia. The City's working with the Red Cross. 100% of donations <br /> <br />will be sent to Franklin. Some Electrical Department employees are working in Franklin. <br /> <br />The City Employees are conducting .a drive for cleaning supplies, food, and other non- <br /> <br />perishable items." <br /> <br />Dewey Cashwell, Assistant City Manager, stated, 'q'he Mayor of Emporia, <br /> <br />Virginia, has invited the City of Martinsviile to participate in' the "Virginians for Virginians" <br /> <br />program. Local elected officials would visit the other at least once." Coundl Member · <br /> <br /> <br />