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2004-Appropriations
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2004-Appropriations
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• BE IT RESOLVED by the Council of the City of Charlottesville, that all sums <br />previously appropriated to the Risk Management Fund, and all sums received by such <br />fund as payment from other City funds, are hereby appropriated for the uses prescribed <br />for such fund, pursuant to the terms of, and subject to the limitations imposed by Article <br />V of Chapter I 1 of the Code of the City of Charlottesville, 1990, as amended. <br />VI. EQUIPMENT REPLACEMENT FUND APPROPRIATION <br />BE IT RESOLVED by the Council of the City of Charlottesville: <br />There is hereby appropriated from the Equipment Replacement Fund other sums <br />received by such fund as payment from other City funds, for the lease, financing or <br />purchase of motor vehicles and related equipment and for accumulation of a reserve for <br />future equipment purchases during the fiscal year beginning July 1, 2004 and ending June <br />30, 2005. Such appropriation shall be effective July 1, 2004; provided that such <br />appropriations shall not be deemed to expire at the end of such fiscal year, but shall <br />continue in effect unless altered by further action of City Council. Of the sums received <br />by the Equipment Replacement Fund, a sum sufficient to service the debt on any pieces <br />of general governmental equipment obtained under a master lease, credit line, or an <br />installment purchase agreement shall be transferred to the Debt Service Fund <br />• VII. FACILITIES REPAIR FUND APPROPRIATION <br />BE IT RESOLVED by the Council of the City of Charlottesville: <br />The sum of $300,000 transferred to the Facilities Repair Fund from the Capital <br />Projects Contingency Account, and such sums as may be transferred to the Facilities <br />Repair Fund from other funds during the fiscal year beginning July 1, 2004 are <br />appropriated for carrying out the purposes of this fund during that fiscal year. However, <br />such appropriation shall not be deemed to expire at the end of the fiscal year, but shall <br />continue in effect unless altered by further action of this Council. <br />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 <br />principal and interest of bonds, notes and other evidences of indebtedness and the cost of <br />issuance thereof issued by the City pursuant to its charter and/or the Virginia Public <br />Finance Act. <br />
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