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<br />FRIDAY
<br />
<br />3::
<br />
<br />JUNE 30, 1961
<br />
<br />A special and duly-called meeting of the Council of the City of Martirnville,
<br />Virginia, for the purpose of further cons idering and/or adopting a budget for
<br />the City of Martinsville for the fis cal year endi ng June 30, 1962, was held in
<br />
<br />the Council Chamber, City Hall, Friday, June 30,1961, at 7:00 P.M., with all
<br />
<br />members present, viz., Mayor J. Frank Wilson, Presiding; Vice-Y.ayor Fred T.
<br />
<br />Renick; Thomas J. Burch; E. E. Stone~ and Harry L. Boaz.
<br />
<br />,~
<br />
<br />After the invocation, followed by the statement of purpose of this meeting,
<br />
<br />Council through City Manager Hirst itemized certain revisions of the City Manager's
<br />
<br />proposed b'.ldget presented May 15, 1961, and by a recorded and unanimous vote adopted
<br />
<br />a total City Budget of $h,698, 727.30, as set forth in the following appropriation
<br />ordinance (by funds), and established the City's property tax rates as the same
<br />
<br />as those in effect for the tax year 1960:
<br />
<br />AN ORDINAN::E MAKING APPROPRIATIONS OF SUMS OF MONEY FCR ALL NECESSARY
<br />EXPENDITlJRES OF THE CITY OF 1IIARTINSVILLE, VIRGINIA, FUR ITS FISCAL
<br />YEAR ENDING JUNE 30, 1962.
<br />
<br />BE IT ORDAINED by the Council of the City of :Martinsville, Virginia,
<br />that the following sums of morey be am are hereby appropriated by
<br />funds for the fiscal year endiq; June 30, 1962, from fund sources of
<br />estimated revenue as follows:
<br />
<br />-,...-~
<br />
<br />AP PR OPRIA T 10 1\5
<br />
<br />AnticiDated Balances
<br />at 7:'1-61:
<br />Sinking Fund . . .
<br />Other Funds
<br />
<br />. .
<br />
<br />$
<br />
<br />General Funi
<br />Pavi ng Fund
<br />Pris on Fund . . . . . . .
<br />V .P . A. Fund . . . . . . .
<br />School Fund . . . . . . .
<br />Cafeteria Fund
<br />Textbook Fund .....
<br />Sinking Fund ...
<br />Stores Fund ...
<br />Electric Fund .....
<br />Wa ter Fund ... . .
<br />Sewer Fund . . . . .
<br />
<br />1,169,965.65
<br />
<br />85,495.00
<br />87,940.20
<br />1,664,652.50
<br />151,355.00
<br />29,914.65
<br />
<br />19,264.80
<br />914,439.50
<br />309,500.00
<br />266,200.00
<br />
<br />$4,698,727.30
<br />
<br />. .
<br />
<br />. .
<br />
<br />TOTA IS :
<br />
<br />Adopted: Jure 30, 1961
<br />
<br />REVENUE
<br />Contributions
<br />and
<br />Direct Transfers
<br />
<br />$
<br />
<br />16,000.00
<br />121,717.96
<br />
<br />2 ,44 0,006 . 10
<br />10,755.5'9
<br />85,855.00
<br />
<br />$
<br />
<br />16,000.00
<br />121,717.96
<br />
<br />1,270,040.45
<br />10,755.59
<br />360.00
<br />( 87,940.20)
<br />( 1,661.1,652.50)
<br />
<br />151,355.00
<br />29,914.65
<br />1,400.00
<br />100.00
<br />1,265,923.00
<br />309,500.00
<br />~~.J_?OO. 00
<br />
<br />$4,698, 7'E7 .30
<br />
<br />-
<br />
<br />1,400.00
<br />( 19,164.80)
<br />351,483.50
<br />
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