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September 14, 1999 <br /> <br />reflects technology that is prevalent, advantageous location, and represents the path <br /> <br />into an exciting future. The color, blue, represents Martinsville's natural resources and <br /> <br />clean environment." Mayor Crabtree responded, "It captures our commitment to not <br /> <br />being bound to the past." Council Member Haskell asked as to where and how the <br /> <br />symbol will be used. Mr. Lambert responded, "Everywhere you turn. When supplies <br /> <br />are used, the new ones will have it on them. When vehicles are repainted, it will go on <br /> <br />them. Use it in every possible way." Council Member Haskell added, "On occasions, <br /> <br />would we use the whole symbol or just the 'M'?" Mr. Lambert replied, "Either, as long <br /> <br />as it is in the conscience of the community." Vice Mayor Teague said, "lt's an exciting <br /> <br />logo and tag line. Our community thinks outside of the box." Coundl Member Roop <br /> <br />said, "Excellent job.' <br /> <br />Wade Bartlett, Director of Finance, presented the Financial Report for the Month <br /> <br />Ending June 30, 1999. <br /> <br />Mr. Bartlett stated, "This report is presented prior to receiving final <br />adjustments from the auditors. All amounts are subject to revision <br />once the audit is completed. FY 99 ended on a mixed note. Five <br />funds exceeded revenue projections while two did not. Overall <br />revenues exceeded anticipated amounts by $282,223. Positive <br />variances in the Refuse and School Fund accounted for most of <br />this amount. Refuse Fund revenues exceeded budget expectations <br />by slightly more than $265,000 while School Fund revenues were <br />more than $463;000 greater than budgeted. Greater than expected <br />interest earnings and collection charges accounted for the majority <br />of the positive variance in the Refuse Fund. Receipt of lottery <br />funds from the State caused the variance in the School Fund. The <br />General and Water Funds did not meet revenue forecasts. Lower <br />water usage caused the shortfall in the Water Fund while less than <br />anticipated collections of Real Estate, Machinery and Tools, <br />Personal Property, Business License Taxes and interest earned <br />were the major causes of the negative variance in the General <br />Fund. Expenditures in all but the Refuse and Meals Tax Funds <br />were less than anticipated. Overall expenditures were $1,514,892 <br />less than budgeted. The School and General Funds contributed <br /> <br /> <br />