Loading...
Ordinance 33700006.90000 WSS /gjz 6/22/01 ORDINANCE NO. 3370 AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, REPEALING THE PROVISIONS OF ORDINANCE NO. 2107 AND THE CUMULATIVE RESERVE FUND FOR GENERAL FUND EXPENDITURES NO. 002 CREATED THEREBY, TRANSFERRING THE BALANCE OF SUCH FUND TO THE GENERAL FUND, AND FIXING -A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. WHEREAS, Ordinance No. 2107 created Fund No. 002 entitled "Cumulative Reserve for General Fund Expenditures ", and WHEREAS, the legislative findings for such ordinance determined the fund to be necessary in order to meet the City's financial obligations, when during the course of the year, expenditures exceeded revenues received due to delays in the collection of said revenues, and WHEREAS, monies have been held in such fund for this purpose for over twenty years but have rarely, if ever, been necessary for the purpose originally intended, and WHEREAS, the City's revenue flow is, in the estimation of the City's Administrative Services Director, adequate to meet the expenditure requirements of each annual budget, and WHEREAS, the Cumulative Reserve Fund for General Fund expenditures is unnecessary and redundant of the purpose of the Council Contingency Fund, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO ORDAIN AS FOLLOWS: {WSS482949.DOC;1/00006.900000/} - 1 - Section 1. Ordinance No. 2107 and Fund No. 002 known as the "Cumulative Reserve Fund for General Fund Expenditures" is hereby repealed. Section 2. The funds and any earnings thereon currently held in Fund No. 002 are hereby transferred to the General Fund for reappropriation. Section 3. The funds so transferred shall be considered appropriated for the purpose of constructing a new fire station and the Administrative Services Director is hereby authorized to include said reappropriation and transfer in the cumulative budget amendment ordinance to be considered by the City Council in December of 2001. Section 4. This ordinance constitutes a transfer of funds held in a Cumulative Reserve Fund and a diversion of those funds to a purpose other than that for which the fund was established. Pursuant to the requirements of RCW 35.21.070, such an ordinance requires the approval of two- thirds of a majority of the members of the City Council. At the date of enactment of this ordinance, there were six seated members of the City Council and five have voted for the approval of this ordinance. Section 5. Effective Date. This ordinance, being an exercise of a power specifi- cally delegated to the City legislative body, is not subject to referendum, and shall take effect five (5) days after passage and publication of an approved summary thereof consisting of the title. APPROVED: MYYOR Y HAAKENSON I WSS482949.DOC; 1 /00006.900000/) - 2 - ATTEST /AUTHENTICATED : "- • &a"L, CITY CLERK, SANDRA S. CHASE APPROVED AS TO FORM: OFFICE OF THE C Y ATTORNEY: BY W. SCOTT SNYDER FILED WITH THE CITY CLERK: 07/20/2001 PASSED BY THE CITY COUNCIL: 07/24/2001 PUBLISHED: 07/29/2001 EFFECTIVE DATE: 08/03/2001 ORDINANCE NO. 3370 {WSS482949.DOC;1/00006.900000/} - 3 - SUMMARY OF ORDINANCE NO. 3370 of the City of Edmonds, Washington On the 24th day of July, 2001, the City Council of the City of Edmonds, passed Ordinance No. 3370. A summary of the content of said ordinance, consisting of the title, provides as follows: AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, REPEALING THE PROVISIONS OF ORDINANCE NO. 2107 AND THE CUMULATIVE RESERVE FUND FOR GENERAL FUND EXPENDITURES NO. 002 CREATED THEREBY, TRANSFERRING THE BALANCE OF SUCH FUND TO THE GENERAL FUND, AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. The full text of this Ordinance will be mailed upon request. DATED this 25th day of July, 2001. 'd "' ,J( ( . CITY CLERK, SANDRA S. CHASE {WSS482949.DOC;1/00006.900000/} - 4 - Document REVISED CODE of WASHINGTON Title 35 RCW CITIES AND TOWNS Chapter 35.21_RCW MISCELLANEOUS PROVISIONS RCW 35.21.070 Cumulative reserve fund -- Authority to create. Page 1, RCW 35.21.070 Cumulative reserve fund -- Authority to create. Any city or town may establish by ordinance a cumulative reserve fund in general terms for several different municipal purposes as well as for a very specific municipal purpose, including that of buying any specified supplies, material or equipment, or the construction, alteration or repair of any public building or work, or the making of any public improvement, or for creation of a revenue stabilization fund for future operations. The ordinance shall designate the fund as "cumulative reserve fund for . . . . . . . . . (naming purpose or purposes for which fund is to be accumulated and expended)." The moneys in the fund may be allowed to accumulate from year to year until the legislative authority of the city or town shall determine to expend the moneys in the fund for the purpose or purposes specified: PROVIDED, That any moneys in the fund shall never be expended for any other purpose or purposes than those specified, without an approving vote by a two - thirds majority of the members of the legislative authority of the city or town. [1983 c 173 § 1; 1965 c 7 § 35.21.070. Prior: 1953 c 38 § 1; 1941 c 60 § 1; Rem. Supp. 1941 § 9213 -5.] RCW 35.21.080 Cumulative reserve fund -- Annual levy for -- Application of budget law. An item for said cumulative reserve fund may be included in the city or town's annual budget or estimate of amounts required to meet public expense for the ensuing year and a tax levy made within the limits and as authorized by law for said item; and said item and levy may be repeated from year to year until, in the judgment of the legislative body of the city or town, the amount required for the specified purpose or purposes has been raised or accumulated. Any moneys in said fund at the end of the fiscal year shall not lapse nor shall the same be a surplus available or which may be used for any other purpose or purposes than those specified, except as herein provided. [1965 c 7 § 35.21.080. Prior: 1953 c 38 § 2; 1941 c 60 § 2; Rem. Supp. 1941 § 9213 -6.] RCW 35..21.085 Payrolls fund -- Claims fund. The legislative authority of any city or town is authorized to create the following special funds: (1) Payrolls - -into which moneys may be placed from time to time as directed by the legislative authority from any funds available and upon which warrants may be drawn and cashed for the purpose of paying any moneys due city employees for salaries and wages. The accounts of the city or town shall be so kept that they shall show the department or departments and amounts to which the payment is properly chargeable. (2) Claims - -into which may be paid moneys from time to time from any funds which are available and upon which warrants may be issued and paid in payment of claims against the city or town for any purpose. The accounts of the city or town shall be so kept that they shall show the department or departments and the respective amounts for which the warrant is issued and paid. [1965 c 7 § 35.21.085. Prior: 1953 c 27 § 1.] RCW 35.21..086 Payrolls fund -- Transfers from insolvent funds. Adopted by Reference Ordinance #__5376 on 7- —b . /om _ isapi.dll ?clientID= 575242& hitsperheading =on &infobase= rcw.nfo6 ity Clerk STATE OF WASHINGTON, COUNTY OF SNOHOMISH, SUMMARY OF ORDINAN E N 7 of the City of Edmonds. Washington On the 24th day of July. 2001. the City Council of the City of Edmonds. passed Ordinance No. 3370. A summary of the content of said ordinance. consisting of the title. provides as follows: { AN ORDINANCE OF THE CITY+ OF EDMONDS. WASHINGTON., REPEALING THE PROVISIONS OF ORDINANCE NO. 2107 AND THE CUMULATIVE RESERVE FUND FOR GENERAL FUND EXPENDITURES NO. 002 .CREATED THEREBY. TRANS - S FERRING THE BALANCE OF SUCH FUND TO THE GEN. ERAL FUND. AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. The full text of this Ordinance will be mailed upon request. DATED this 25th day of July. 2001. CITY CLERK. SANDRA S. CHASE Published: July 29. 2001. M Affidavit of Publication The undersigned, being first duly sworn on oath deposes and says that she is Principal Clerk of THE HERALD, a daily newspaper printed and published in the City of Everett, County of Snohomish, and State of Washington; that said newspaper is a newspaper of general circulation in said County and State; that said newspaper has been approved as a legal newspaper by order of the Superior Court of Snohomish County and that the notice ......... .......................... . .... ......... Summary ... 4f... Ordnanc. e..., E3.. 7. 0 ..................... ............................... City of Edmonds ...................... ............................................................................................ ................... ................................................. ............................... ....................... ............. .................. a printed copy of which is hereunto attached, was published in said newspaper proper and not in supplement form, in the regular and entire edition of said paper on the following days and times, namely: July 29, 2001 .. ........................... /............,...... .................................... ............................. that ' d Mg all of .......... ............................... newspaper as regal, Subscribed and sworn to ..... ....:`` ......................... to its subscribers Principal Clerk this.......... 30th - - -- ! ............. 20.....01 .... ............................... at of Washington, ounty. I ° 0 .v ,vvrAtly m; ;'a �•.� PUBLIC �; 4 Cr o •o °�� ©FAe RECEIVED AUG U 1 2001 B_2 -1 EDMONDS CITY CLERK