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106
<br />
<br />December 14, 1976
<br />
<br />"AN ORDINANCE TO APPROPRIATE $35,000 FROM THE CAPITAL IMPROVEMENT FUND FOR THE
<br />PURCHASE OF OPEN SPACE."
<br />
<br /> 76-518 "Consideration of an ordinance on first reading to appropriate $10,000 from the
<br />Capital Improvements Fund for repairs to brick walls at Oak Grove ~nd Cedar Grove cemeteries.
<br />
<br /> This appropriation will provide the funds from this year's Capital Improvements Program
<br />for the completion of these 2 projects. There was a partial appropriation made in 1975 for
<br />the repart§ to the Oak Grove Cemetery; howe~er, this has been held up awaiting design speci-
<br />fications for both cemeteries in order that they could be bid simultaneously. The total
<br />estimated cost for the projects is $20,000. However, due to the previous appropriation the
<br />$10,000 in this appropriation is all that will be required in order to complete the two pro-
<br />jects. The 1976-77 Capital Improvements Program has $20,000 earmarked for this~ and, this
<br />appropriation will be funded from this category. The City Manager recommends adoption on fir~
<br />reading.
<br />
<br />Consideration of a motion to award lowest responsible bids."
<br />
<br /> On motion of Mr. Barnes and seconded by Mr. Early, the following ordinance was'approved
<br />on first reading, and by unanimous vote:
<br />
<br />"AN ORDINANCE TO APPROPRIATE $10,000 FROM THE CAPITA1 IMPROVEMENT FUND FOR
<br />REPAIRS TO THE WALLS OF THE OAK GROVE AND CEDAR GROVE CEMETERIES."
<br />
<br /> Motion of Mr. east and seconded by Mr.
<br />Contracting Company in the amount of $3,346,
<br />Cemetery; to award contract to W. T Stowe.
<br />sible bidder, for Cedar Grove Cemetery, was
<br />
<br />Barnes, to award contract to J. T. Eley, Jr.
<br /> being lowest responsible bidder, for Oak Grove
<br />Inc.in 't'h~-a~euntof'.$9,87~7,~bein~ ~owest~espon-
<br />adopted b~ unanimous vote.
<br />
<br /> 76-519 Consideration of a motion authorizing the City Manager to transfer $20,000 from
<br />the emergency contingency account as follows:
<br />
<br />(A)
<br />
<br />$S,000 to the Civil Service Commission for costs of purchasing Civil Service Pro-
<br />motional Examinations.
<br />
<br />(B) $15,000 to the Building Official's budget for additional funds for demolition of
<br /> buildings.
<br />
<br />The City Manager recommends adoption on first reading."
<br />
<br /> Motion of Mr. Barnes and seconded by Mr. Early, to concur in the recommendation of the
<br />City Manager.
<br />
<br /> Substitute motion of Mr. Elliott and seconded by Mr. Holley, that Item (A) regarding
<br />$5,000 to Civil Service Commission to be deferred to the meeting of January 11, 1977; Item (B)
<br />to be approved as recommended, and was adopted by unanimous vote.
<br />
<br /> 76-520 - "Submission of a report from the City Manager on finances based on information
<br />received from Governor Godwin outlining alternatives of funding for the second year of the
<br />biennium
<br />
<br /> 'I am submitting herewith a copy of the proposals outlined by Governor Mills E. Godwin,
<br />Jr., for meeting the projected deficit at the State level for the current biennium. You will
<br />note that in this memorandum the Governor offers 3 alternatives; mainly, sufficient revenue to
<br />meet the entire projected deficit, partial funding with some cuts, and the third action would
<br />be no additional revenue with budget reductions to eliminate the projected deficit.
<br />
<br /> Based on this information, I feel that it is very timely that I provide you with a recap
<br />of the City's current financial position as well as some projections for planning purposes
<br />for the Fiscal Year 1977-78. I have attached for your review and information a recap of the
<br />surplus that was available for appropriation as of June 30, 1976. Assuming the same level of
<br />funding for the 1977F~8budget, with the additional requirement of debt service on the 10 milli(~n
<br />dollar bond issue dated August 1, 1976, the entire unappropriated balances will be utilized fou
<br />the next fiscal year. Maintaining the current level of service without a projected deficit
<br />would only be possible through utilization of the ant~rrecessionary funds recently received
<br />from the Office of Revenue Sharing.
<br />
<br /> This information is being forwarded ~o you at this time in order that you may be able to |
<br />evaluate the City's financial situation together with Governor Godwin's proposals, prior to ou~
<br />meeting with the legislators which is scheduled for December 22nd, 1976. The Governor's memor~ ndum
<br />shows a reduction in Basic School Aide for the City of Portsmouth in the amount of $639,297.
<br />It also shows a reduction in the local share of the State Sales and Use Tax revenue in the ammnt
<br />of $1,072,989. The above reductions will equate to 7 1/2% reduction in the Basic Aide to Educ~ tion
<br />and 30% in the State Sales Tax. I would like to point out that prior to application of the
<br />30% reduction in ~Se State Sales Tax, the State has revised their estimate for 1977-78 and
<br />reduced it from 3.8 to 3.5 million dollars. This has a net effect in reducing the estimated
<br />revenue for 19?TFg8by $1,375,000. Another action that is proposed by the Governor in the even'
<br />that there are no additional revenues coming would be an additional 2 1/2% reduction by State
<br />agencies and institutions, retroactive to July 1, 1976, and effective for the full 2 year
<br />appropriations period, 1976-78. The purpose of this memorandum is to advise the City Council
<br />that the City does not have the financial resources to make up any of the projected cuts propo ed
<br />by the Governor for the state agencies including the schools.
<br />
<br />
<br />
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