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1987-04-14
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1987-04-14
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City Council
Meeting Date
4/14/1987
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Minutes
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180 <br /> <br />VII. DEBT SERVICE FUND APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville: <br /> <br /> A. The Debt Service Fund shall serve as a permanent <br />reserve for the payment of principal and interest of bonds, <br />notes and other evidences of indebtedness and the cost of <br />issuance thereof issued by the City pursuant to its charter <br />and/or the Virginia Public Finance Act. <br /> <br /> B. The sum of $1,879,362 transferred to such fund by <br />Part II of this resolution, or as much thereof as may be <br />necessary, is hereby appropriated to pay such debt service <br />expenses during the fiscal year beginning July 1, 1987 and <br />ending June 30, 1988. <br /> <br /> C. Appropriations in the Debt Service Fund shall be <br />deemed continuing appropriations, and balances remaining in <br />such fund at the end of each fiscal year shall be carried <br />forward to pay principal and interest due on City obligations <br />and costs associated with the issuance of those obligations <br />in future years. However, this reserve fund has been <br />voluntarily created by City Council and is not required by <br />state statute or by the provisions of any existing bond <br />ordinance, covenant or indenture. Accordingly, <br />appropriations thereto and balances therein may be reduced by <br />future action of this council. <br /> <br /> D. The sum of $220,000 is hereby transferred as a <br />contribution to the charlottesville Redevelopment and Housing <br />Authority. <br /> <br />VIII. SPECIAL REVENUE FUND APPROPRIATIONS <br /> <br /> BE IT .RESOLVED by the Council of the City of Charlottes- <br />ville, that the following appropriations are hereby approved <br />for agency expenditures accounted for as separate funds on <br />the books of the City, for their respective programs during <br />the fiscal year beginning July 1, 1987 and ending June 30, <br />1988~ the City contribution to each such fund having <br />hereinabove been appropriated from the General Fund: <br /> <br /> A. There is hereby appropriated from the Thomas <br />Jefferson Visitors Bureau Fund (formerly called the <br />Bicentennial Information Center Fund), for the operation of <br />the Thomas Jefferson Visitors Bureau during such fiscal year, <br />the sum of $173,027, or the amount of revenue actually <br />received by such fund, whichever shall be the lesser amount. <br /> <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, <br />or the amount of revenue actually received by such fund, <br />whichever shall be the lesser amount. <br /> <br /> C, There is hereby appropriated from the Community <br />Attention Fund, for the operation of the Community Attention <br />Homes and related programs during such fiscal year, the sum <br />of $905,886, or the amount of revenue actually received by <br />such fund~ whichever shall be the lesser amount. <br /> <br /> D. There is hereby appropriated from the Landfill Fund, <br />for the operation of the sanitary landfill during such fiscal <br />year~ the sum of $1,183,101, or the amount of revenue actually <br />received by such fund, whichever shall be the lesser amount. <br />Unexpended amounts in this fund designated for equipment <br />replacement as of June 30, 1988 shall be carried over and used <br />for such purpose in subsequent fiscal years. <br /> <br /> E. There is hereby appropriated from the Social <br />Services Fund, for the operation of the Department of Social <br /> <br /> <br />
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