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6 <br /> BE IT RESOLVED by the Council of the City of Charlottesvil le: <br /> <br /> There is hereby appropriated from the Equipment Replacement Fund other sums received <br />by such fund as payment from other City funds, for the lease, financing or purchase of motor <br />vehicles and related equipment and for accumulation of a reserv e for future equipment purchases <br />during the fiscal year beginning July 1, 2004 and ending June 30, 2005. Such appropriation shall <br />be effective July 1, 2004; provided that such appropriations shall not be deemed to expire at the <br />end of such fiscal year, bu t shall continue in effect unless altered by further action of City <br />Council. Of the sums received by the Equipment Replacement Fund, a sum sufficient to service <br />the debt on any pieces of general governmental equipment obtained under a master lease, credit <br />line, or an installment purchase agreement shall be transferred to the Debt Service Fund <br /> <br /> <br /> VII. FACILITIES REPAIR FUND APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of Charlottesville: <br /> <br /> The sum of $300,000 transferred to the Facilities Repair Fund from the Capital Projects <br />Contingency Account, and such sums as may be transferred to the Facilities Repair Fund from <br />other funds during the fiscal year beginning July 1, 2004 are appropriated for carrying out the <br />purposes of this fund during that fiscal year. However, such appropriation shall not be deemed <br />to expire at the end of the fiscal year, but shall continue in effect unless altered by further action <br />of this Council. <br /> <br /> VIII. DEBT SERVICE FUND APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of Charlottesville: <br /> <br /> A. The Debt Service Fund shall serve as a permanent reserve for the payment of principal <br />and interest of bonds, notes and other evidences of indebtedness and the cost of issuance thereof <br />issued by the City pursuant to its charter and/or the Virginia Public Finance Act. <br /> <br /> B. The sum of $5,350,000 transferred to such fund by Part II of this resolution, or as much <br />thereof as may be necessary, is hereby appropriated to pay s uch debt service expenses during the <br />fiscal year beginning July 1, 2004 and ending June 30, 2005. <br /> <br /> C. Appropriations in the Debt Service Fund shall be deemed continuing appropriations, <br />and balances remaining in such fund at the end of each fisca l year shall be carried forward to pay <br />principal and interest due on City obligations and costs associated with the issuance of those <br />obligations in future years. However, this reserve fund has been voluntarily created by City <br />Council and is not required by state statute or by the provisions of any existing bond ordinance, <br />covenant or indenture. Accordingly, appropriations thereto and balances therein may be reduced <br />by future action of this council. <br /> <br /> IX. SPECIAL REVENUE FUND APPROPRIATIONS <br /> <br /> BE IT RESOLVED by the Council of the City of Charlottesville, that the following <br />appropriations are hereby approved for agency expenditures accounted for as separate funds on <br />the books of the City, for their respective programs during the fisca l year beginning July 1, 2004 <br />and ending June 30, 2005; the City contribution to each such fund having hereinabove been <br />appropriated from the General Fund: <br /> <br /> A. There is hereby appropriated from the Charlottesville/Albemarle Convention and <br />Visito rs Bureau Fund, for the operation of the Charlottesville/Albemarle Convention and Visitors <br />Bureau during such fiscal year, the sum of $839,584 or the amount of revenue actually received <br />by such fund, whichever shall be the lesser amount. <br /> <br /> B. The re is hereby appropriated from the Community Attention Fund, for the operation of <br />the Community Attention Homes and related programs during such fiscal year, the sum of <br />$1,816,962, or the amount of revenue actually received by such fund, whichever shall be the <br />lesser amount. <br /> <br />