HomeMy Public PortalAbout2003_04_22_r068The Town of
Leesburg,
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RESOLUTION NO. 2 0 0 3 - 6 8
A RESOLUTION:
PRESENTED
ADOPTED
April 22, 2003
April 22, 2003
ADOPTING THE BUDGET, GENERAL FUND IN THE AMOUNT OF
$32,975,523, UTILITIES FUND IN THE AMOUNT OF $25,808,694, AIRPORT FUND
IN THE AMOUNT OF $4,181,373, AND CAPITAL PROJECTS FUND IN THE
AMOUNT OF $6,309,633, SETTING THE TAX RATES, MAKING
APPROPRIATIONS FOR THE FISCAL YEAR ENDING JUNE 30, 2004, AND
MAKING TRANSFER OF CAPITAL PROJECT FUNDS TO THE FY 2003 BUDGET
WHEREAS, the budget for the fiscal year ending June 30, 2004, has been presented and reviewed by
this Council in accordance with Section 15.2-2503 of the 1950 Code of Virginia, as amended; and
and
WHEREAS, Council met in budget workshop sessions on March 26 and 31, April 1, 9, and 11 2003;
WHEREAS, three separate duly advertised public hearings, one on the proposed budget, one on the
real estate tax rate, and one on the cigarette tax were held on April 8, 2003; and
WHEREAS, the real estate tax rate for calendar year 2003 will remain at $0.22 per $100 of assessed
valuation and personal property taxes will remain at $1.00 per $100 of assessed valuation; and
WHEREAS, transfer of unexpended capital project and Irwin Uran Trust funds into the FY 2003
Budget is needed, to provide carryover funds to balance the FY 2004 Budget; and
WHEREAS, the town manager recommends that the Town Council adopt the FY 2004 Budget, set the
tax rates, and make appropriations for the fiscal year ending June 30, 2004 and transfer funds into the FY 2003
Budget.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. The budget, a summary of which is attached, for the fiscal year beginning July 1, 2003
and ending June 30, 2004, is adopted and appropriations are made to include the adjusted totals proposed to
the categories and accounts of the General Fund in the amount of $32,975,523, Utilities Fund in the amount
of $25,808,694, Airport Fund in the amount of $4,181,373 and capital projects funds in the amount of
$6,309,633 provided that capital projects funds appropriations shall remain in effect until the projects are
completed.
A RESOLUTION:
-2-
ADOPTING THE BUDGET, GENERAL FUND IN THE AMOUNT OF
$32,975,523, UTILITIES FUND IN THE AMOUNT OF $25,808,694, AIRPORT FUND
IN THE AMOUNT OF $4,181,373, AND CAPITAL PROJECTS FUND IN THE
AMOUNT OF $6,309,633, SETTING THE TAX RATES, MAKING
APPROPRIATIONS FOR THE FISCAL YEAR ENDING JUNE 30, 2004, AND
MAKING TRANSFER OF CAPITAL PROJECT FUNDS TO THE FY 2003 BUDGET
SECTION II. The town manager is authorized to transfer appropriations made herein to accounts
within the same departmental budget as long as the total appropriation for the department is not adjusted.
SECTION 11I. The tax rates for real estate and personal property will remain in effect for the calendar
year 2003 at the current rates of $0.22 per $100 of assessed value and $1.00 per $100 of assessed value
respectively.
SECTION IV. The town manager is authorized to transfer $705,000 in unexpended capital projects
funds from Chancellor Street, Fairview Street, Woodberry Road, Ida Lee Recreation Center, Freedom Park, and
Soccer Fields Building projects into the FY 2003 General Fund Budget.
SECTION V. The Council hereby authorizes the town manager to transfer $350,000 fi'om the Irwin
Uran Trust Fund into the capital account for land acquisition ora school site approved as part of the FY 2001-
2005 Capital Improvements Program.
PASSED this 22nd day of April, 2003.
Kri'~ms~ttd, Mayor
Town of Leesburg
ATTEST:
.~e~l~ of Council ~ -