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2009_Appropriations
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2009_Appropriations
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purposes of this fund during that fiscal year. However, such appropriation shall not be <br />• deemed to expire at the end of the fiscal year, but are hereby appropriated in the ensuing <br />fiscal year unless altered by further action of this Council. <br />IX. 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 />B. The sum of $6,692,000 transferred to such fund by Part 11 of this resolution, as <br />well as the designated Meals Tax transfer (estimated at $1,725,000), or as much thereof <br />as may be necessary, is hereby appropriated to pay such debt service expenses during the <br />fiscal year beginning July 1, 2009 and ending June 30, 2010. <br />C. Appropriations in the Debt Service Fund shall be deemed continuing <br />appropriations, and balances remaining in such fund at the end of each fiscal year shall be <br />carried forward to pay principal and interest due on City obligations and costs associated <br />with the issuance of those obligations in future years. However, this reserve fund has <br />been voluntarily created by City Council and is not required by state statute or by the <br />provisions of any existing bond ordinance, covenant or indenture. Accordingly, <br />• appropriations thereto and balances therein may be reduced by future action of this <br />council. <br />X. SPECIAL REVENUE FUND APPROPRIATIONS <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 <br />funds on the books of the City, for their respective programs during the fiscal year <br />beginning July 1, 2009 and ending June 30, 2010; the City contribution to each such fund <br />having hereinabove been appropriated from the General Fund: <br />A. There is hereby appropriated from the Charlottesville/Albemarle Convention <br />and Visitors Bureau Fund, for the operation of the Charlottesville/Albemarle Convention <br />and Visitors Bureau during such fiscal year, the sum of $1,284,070 or the amount of <br />revenue actually received by such fund, whichever shall be the lesser amount. <br />B. There is hereby appropriated from the Community Attention Fund, for the <br />operation of the Community Attention Homes and related programs during such fiscal <br />year, the sum of $3,724,649, or the amount of revenue actually received by such fund, <br />whichever shall be the lesser amount. <br />C. There is hereby appropriated from the Social Services Fund, for the operation <br />• of the Department of Social Services during such fiscal year, the sum of $14,156,263, or <br />/ the amount of revenue actually received by such fund, whichever shall be the lesser <br />amount. <br />
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