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189 <br /> <br />not be deemed to expire at the end of the fiscal year, but <br />shall continue in effect unless altered by further action of <br />this Council. <br /> <br /> VIII. DEBT SERVICE FUND APP~qP~RIATION <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 <br />permanent reserve for the payment of principal and interest <br />of bonds, notes and other evidences of indebtedness and the <br />cost of issuance thereof issued by the City pursUant to its <br />charter and/or the Virginia Public Finance Act. <br /> <br /> B. The sum of $3,200,000 transferred to such fund <br />by 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, 1991 and <br />ending June 30~ 1992. <br /> <br /> C. Appropriations in the Debt Service Fund shall <br />be deemed continuing appropriations, and balances remaining <br />in such fund at the end of each fiscal year shall be carried <br />forward to pay principal and interest due on City obligations <br />and costs associated with the issuance of those obligations <br />in future years. However, this reserve fund has been <br />voluntarily created by City Council and is not required by <br />state statute or by the provisions of any existing bond <br />ordinance, covenant or indenture. Accordingly, <br />appropriations thereto and balances therein may be reduced by <br />future action of this council. <br /> <br />IX. SPECIAL REVENUE FUND APPRQPRIATIONS <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville, that the following appropriations are <br />hereby~approved for agency expenditures accounted for as <br />separate funds on the books of the City, for their respective <br />programs during the fiscal year beginning July 1, 1991 and <br />ending June 30, 1992; the City contribution to each such fund <br />having hereinabove been appropriated from the General ~Fund: <br /> <br /> A. There is-hereby appropriated from the <br />Charlottesville/Albemarle Convention-and Visitors Bureau <br />Fund, for the operation-of the Charlottesville/Albemarle <br />Convention and-Visitors Bureau during such fiscal year, the <br />sum of $223,329, or the amount of revenue actually received <br />by such fund, whichever shall be the lesser amount. <br /> <br /> B. There is hereby appropriated from the School <br />Pupil Transportation Fund, for the operation of public school <br />pupil transportation during such fiscal year, the sum of <br />$1,129,855, or the amount' of'revenue actually received by <br />such fund,~ whichever ~shall be ~thelesser amount. From the <br />last mentioned amount, the sum of $191,500 shall be allocated <br />as follows: (1) a sum sufficient to pay the debt service on <br />the lease or purchaSe of three school buses shall be <br />transferred to the Debt Service FUnd; and (2) the remainder <br />shall be transferred to the Equipment Replacement Fund and <br />reserved for the future replacement of school buses. <br /> <br /> C. There is hereby appropriated from the Community <br />Attention Fund, for the operation of the Community Attention <br />Homes and related programs during such fiscal year, the sum <br />of $1,163,069, or the amount of revenue actually received by <br />such fund, whichever ~shall be the ~lesser amount. <br /> <br /> D. There-is hereby ~appropriated from the Social <br />Services Fund, for the operation of ~the Department of Social <br />Services during such fiscal year, the sum of $4,030.,636, or <br />the amount of revenue actually received by such fund, <br /> <br /> <br />