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VII. DEBT SERVICE RESERVE FUND APPROPRIATION <br />• BE IT RESOLVED by the Council of the City of Charlottesville: <br />A. The Debt Service Reserve Fund shall serve as a permanent <br />reserve for the payment of principal and interest of bonds, notes <br />and other evidences of indebtedness and the cost of issuance <br />thereof issued by the City pursuant to its charter and/or the <br />Virginia Public Finance Act. <br />B. The sum of $1,879,362 transferred to such fund by Part <br />II of this resolution, or as much thereof as may be necessary, is <br />hereby appropriated to pay such debt service expenses during the <br />fiscal year beginning July 1, 1987 and ending June 30, 1988. <br />C. Appropriations in the Debt Service Reserve 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 />years. However, this reserve fund has been voluntarily created by <br />city council and is not required by state statute or by the <br />provisions of any existing bond ordinance, covenant or indenture. <br />Accordingly, appropriations thereto and balances therein may be <br />reduced by future action of this council. <br />Is <br />VIII. SPECIAL REVENUE FUND APPROPRIATIONS <br />BE IT RESOLVED by the Council of the City of Charlottesville, <br />that the following appropriations are hereby approved for agency <br />expenditures accounted for as separate funds on the books of the <br />City, for their respective programs during the fiscal year <br />beginning July 1, 1987 and ending June 30, 1988; the City con- <br />tribution to each such fund having hereinabove been appropriated <br />from the General Fund: <br />A. There is hereby appropriated from the Thomas Jefferson <br />Visitors Bureau Fund (formerly called the Bicentennial Information <br />Center fund), for the operation of the Thomas Jefferson Visitors <br />Bureau during such fiscal year, the sum of $173,027, or the amount <br />of revenue actually received by such fund, whichever shall be the <br />lesser amount. <br />B. There is hereby appropriated from the School Pupil <br />Transportation Fund, for the operation of public school pupil <br />transportation during such fiscal year, the sum of $832,944, or <br />the amount of revenue actually received by such fund, whichever <br />shall be the lesser amount. <br />C. There is hereby appropriated from the Community Attention <br />Fund, for the operation of the Community Attention Homes and <br />related programs during such fiscal year, the sum of $905,886, or <br />• the amount of revenue actually received by such fund, whichever <br />shall be the lesser amount. <br />-5- <br />