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Enclosure #2
<br />
<br />CITY OF MARTINSVILLE, VIRGINIA
<br /> ORDINANCE NO. 2000-3
<br />
<br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular session assembled
<br />June, 2000, that the following sums of money be and hereby are appropriated--by Funds-- for
<br />the City's fiscal year ending June 30, 2001, from the following Fund sources of estimated revenue:
<br />
<br /> Changes
<br /> Projected In Fund
<br />Appropriations Revenues Balance
<br />
<br />General Fund $ 24,221,415 $ 24,241,675 $ 20,260
<br />Electric Fund $ 12,469,806 $ 10,883,356 $ (1,586,450)
<br />Water Fund $ 1,885,927 $ 1,500,090 $ (385,837)
<br />Sewer Fund $ 2,102,065 $ 1,123,740 $ (978,325)
<br />Refuse Coll./Landfill Fund $ 3,894,632 $ 3,325,000 $ (569,632)
<br />Stores Fund $ 245,162 $ 245,162 $ -
<br />Rental Asst./CDBG $ 1,005,601 $ 952,707 $ (52,894)
<br />Cafeteria Fund $ 1,038,677 $ 1,038,677 $
<br />Schools Fund $ 19,065,749 $ 18,417,967 $ (647,782)
<br />Hooker Field Fund $ 35,678 $ 41,000 $ 5,322
<br />Capital Reserve Fund $ 10,282,783 $ 9,229,731 $ (1,053,052)
<br />Color Removal Fund $ - $ _ $
<br />Meals Tax Fund $ 968,631 $ 833,557 $ (135,074)
<br />
<br />Total $ 77,216, 126 $ 71,832,662 $ (5,383,464)
<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, an emergency existing, this Ordinance shall
<br />be in force on and after July 1, 2000.
<br />
<br />Attest:
<br />
<br />Johnathan Phillips, Clerk of Council
<br />
<br />'Date Adopted
<br />
<br />Date Effective
<br />
<br />wkshts/budord
<br />
<br />
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