1995_Ordinances - Laserfiche WebLink

Home Browse Search

• V. RISK MANAGEMENT APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville, that all sums previously appropriated to the Risk Management Fund, and all sums received by such fund as payment from other City funds, are hereby appropriated for the uses prescribed for such fund, pursuant to the terms of, and subject to the limitations imposed by Article V of Chapter 1 I of the Code of the City of Charlottesville, 1990, as amended. VI. EQUIPMENT REPLACEMENT FUND APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville: There is hereby appropriated from the Equipment Replacement Fund other sums received by such fund as payment from other City funds, for the lease, financing or purchase of motor vehicles and related equipment and for accumulation of a reserve for future equipment purchases during the fiscal year beginning July 1, 1995 and ending June 30, 1996. Such appropriation shall be effective July 1, 1995; provided that such appropriations shall not be deemed to expire at the end of such fiscal year, but shall continue in effect unless altered by further action of City Council. Of the sums received by the Equipment Replacement Fund, a sum sufficient to service the debt on any pieces of general governmental equipment obtained under a master lease, credit line, or an installment purchase agreement • shall be transferred to the Debt Service Fund. VII. FACILITIES REPAIR FUND APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville: The sum of $355,000 transferred to the Facilities Repair Fund under Part II of this resolution, and such other sums as may be transferred to this fund from other funds during the fiscal year beginning July 1, 1995 are appropriated for carrying out the purposes of this fund during that fiscal year. However, such appropriation shall not be deemed to expire at the end of the fiscal year, but shall continue in effect unless altered by further action of this Council. VIII. DEBT SERVICE FUND APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville: A. The Debt Service Fund shall serve as a permanent reserve for the payment of principal and interest of bonds, notes and other evidences of indebtedness and the cost of issuance thereof issued by the City pursuant to its charter and/or the Virginia Public Finance Act. B. The sum of $3,809,128 transferred to such fund by Part II of this resolution, or as much thereof as may be necessary, is hereby appropriated to pay such debt service expenses during the fiscal year • beginning July 1, 1995 and ending June 30, 1996.