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0006.900000 <br />WSS /gjz <br />12/3/03 <br />ORDINANCE NO. 3477 <br />AN ORDINANCE OF THE CITY OF EDMONDS, <br />WASHINGTON, AMENDING THE PROVISIONS OF <br />CHAPTER 3.04 RELATING TO ADVANCED TRAVEL <br />EXPENSE REVOLVING FUND, REPEALING CHAPTER 3.10 <br />MEDICAL SELF- INSURANCE FUND, REPEALING <br />CHAPTER 3.14 ENTERPRISE FUND, AUTHORIZING <br />CLOSURE OF VARIOUS FUNDS PURSUANT TO THE <br />MAYOR'S DELEGATED POWERS, PROVIDING FOR THE <br />ADVICE AND RECOMMENDATION OF THE CITY <br />COUNCIL TO THE MAYOR PRIOR TO SUCH ACTIONS, <br />AND FIXING A TIME WHEN THE SAME SHALL BECOME <br />EFFECTIVE. <br />WHEREAS, over the years, the various funds have been established by the City <br />and utilized in its budgeting and accounting process; and <br />WHEREAS, the City Council finds it to be in the public interest to close certain <br />funds in order to conform with generally accepted governmental accounting practices and the <br />recommendations of the Washington State Auditor; and <br />WHEREAS, the City Council desires to streamline its accounting and reporting <br />requirements in order to provide for an efficient and cost - effective accounting method, provided <br />however, that such actions continue to provide full detail of the City's overall financial condition <br />with sufficient detail to fully inform the Council and citizens of the financial health and <br />accountability of the City, NOW, THEREFORE, <br />THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO <br />ORDAIN AS FOLLOWS: <br />{WSS558283.D0Q1/00006.900000/} - 1 - <br />