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• VIII. DEBT SERVICE FUND APPROPRIATION <br />BE IT RESOLVED by the Council of the City of Charlottesville: <br />A. The Debt Service Fund shall serve as a permanent reserve for the payment of principal and <br />interest of bonds, notes and other evidences of indebtedness and the cost of issuance thereof issued by <br />the City pursuant to its charter and/or the Virginia Public Finance Act. <br />B. The sum of $4,200,000 transferred to such fund by Part II of this resolution, or as much thereof <br />as may be necessary, is hereby appropriated to pay such debt service expenses during the fiscal year <br />beginning July 1, 1998 and ending June 30, 1999. <br />C. Appropriations in the Debt Service Fund shall be deemed continuing appropriations, and <br />balances remaining in such fund at the end of each fiscal year shall be carried forward to pay principal <br />and interest due on City obligations and costs associated with the issuance of those obligations in future <br />years. However, this reserve fund has been voluntarily created by City Council and is not required by <br />state statute or by the provisions of any existing bond ordinance, covenant or indenture. Accordingly, <br />appropriations thereto and balances therein may be reduced by future action of this council. <br />IX. SPECIAL REVENUE FUND APPROPRIATIONS <br />BE IT RESOLVED by the Council of the City of Charlottesville, that the following appropriations <br />• are hereby approved for agency expenditures accounted for as separate funds on the books of the City, <br />for their respective programs during the fiscal year beginning July 1, 1998 and ending June 30, 1999; the <br />City contribution to each such fund having hereinabove been appropriated from the General Fund: <br />A. There is hereby appropriated from the Charlottesville/Albemarle Convention and Visitors <br />Bureau Fund, for the operation of the Charlottesville/Albemarle Convention and Visitors Bureau during <br />such fiscal year, the sum of $577,448 or the amount of revenue actually received by such fund, <br />whichever shall be the lesser amount. <br />B. There is hereby appropriated from the School Pupil Transportation Fund, for the operation of <br />public school pupil transportation during such fiscal year, the sum of $1,312,399, or the amount of <br />revenue actually received by such fund, whichever shall be the lesser amount. From the last mentioned <br />amount, the sum of $190,500 shall be allocated as follows: (1) a sum sufficient to pay the debt service <br />on the lease or purchase of three school buses shall be transferred to the Debt Service Fund; and (2) the <br />remainder shall be transferred to the Equipment Replacement Fund and reserved for the future <br />replacement of school buses. <br />C. There is hereby appropriated from the Community Attention Fund, for the operation of the <br />Community Attention Homes and related programs during such fiscal year, the sum of $1,615,479, or <br />the amount of revenue actually received by such fund, whichever shall be the lesser amount. <br />D. There is hereby appropriated from the Social Services Fund, for the operation of the <br />• Department of Social Services during such fiscal year, the sum of $6,881,239, or the amount of revenue <br />actually received by such fund, whichever shall be the lesser amount. <br />