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Transit Fund, for the operation of the transit bus system during <br />the fiscal year beginning July 1, 1989 and ending June 30, 1990, <br />the sum of $1,442,761, or the amount of revenue actually <br />received by such fund, whichever is the greater amount. Such <br />appropriation shall be effective July 1, 1989. <br /> <br />V. RISK MANAGEMENT APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville, that all sums previously appropriated to the <br />Risk Management Fund, and all sums received by such fund as <br />payment from other City funds, are hereby appropriated for the <br />uses prescribed for such fund, pursuant to the terms of, and <br />subject to the limitations imposed by Article XVIII of Chapter <br />2 of the Code of the City of Charlottesville, 1976, as amended. <br /> <br />VI. EQUIPMENT REPLACEMRNT FUND APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville: <br /> <br /> There is hereby appropriated from the Equipment <br />Replacement Fund other sums received by such fund as payment <br />from other City funds, for the lease, financing or purchase of <br />motor vehicles and related equipment and for accumulation of a <br />reserve for future equipment purchases during the fiscal year <br />beginning July 1, 1989 and ending June 30, 1990. Such <br />appropriation shall be effective July 1, 1989; provided that <br />such appropriations shall not be deemed to expire at the end of <br />such fiscal year, but shall continue in effect unless altered <br />by further action of City Council. Of the sums received by the <br />Equipment Replacement Fund, a sum sufficient to service the debt <br />on any pieces of general governmental equipment obtained under <br />a master lease, credit line, or an installment purchase <br />agreement shall be transferred to the Debt Service Fund. <br /> <br />VII. FACILITIES REPAIR FUND APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville: <br /> <br /> The sum of $375,915 transferred to the Facilities <br />Repair Fund under Part II of this resolution, and such other <br />sums as may be transferred to this fund from other funds during <br />the fiscal year beginning July 1, 1989 are appropriated for <br />carrying out the purposes of this fund during that fiscal year. <br />However, such appropriation shall not be deemed to expire at the <br />end of the fiscal year, but shall continue in effect unless <br />altered by further action of this Council. <br /> <br />VIII. DEBT SERVICE FUND APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville: <br /> <br /> A. The Debt Service Fund shall serve as a permanent <br />reserve for the payment of principal and interest of bonds, <br />notes and other evidences of indebtedness and the cost of <br />issuance thereof issued by the City pursuant to its charter <br />and/or the Virginia Public Finance Act. <br /> <br /> B. The sum of $2,500,000 transferred to such fund by <br />Part II of this resolution, or as much thereof as may be <br />necessary, is hereby appropriated to pay such debt service <br />expenses during the fiscal year beginning July 1, 1989 and <br />ending June 30, 1990. <br /> <br /> C. Appropriations in the Debt Service Fund shall be <br />deemed continuing appropriations, and balances remaining in such <br />fund at the end of each fiscal year shall be carried forward to <br />pay principal and interest due on City obligations and costs <br />associated with the issuance of those obligations in future <br /> <br /> <br />