Division II. Finance1

Chapter 3.45
FINANCE IN GENERAL

Sections:

3.45.010    Investment account – Deposit, withdrawal of funds.

3.45.020    Investment account – Signatories.

3.45.030    Biennial budget – Mid-biennial review and modification.

3.45.010 Investment account – Deposit, withdrawal of funds.

The city hereby authorizes the deposit and withdrawal of city monies in and from the local government investment account in the state treasury in accordance with RCW 43.250.010 et seq. for the purpose of investment as stated therein.

(Res. No. 90-20, § 1, 3-20-90. Code 2001 § 7-1.)

State law references: Investment of funds, RCW 35A.40.050; investment of local government funds, RCW 43.250.010 et seq.

3.45.020 Investment account – Signatories.

The city council hereby authorizes those persons whose names, titles and signatures are on file in the city clerk’s office as designated by the city council to order the deposit or withdrawal of monies in the local government investment account.

(Res. No. 90-20, § 2, 3-20-90. Code 2001 § 7-2.)

3.45.030 Biennial budget – Mid-biennial review and modification.

(1) Establishment of two-year biennium budget. Pursuant to RCW 35A.34.040, the city council hereby establishes a two-year biennium budget for the city of Federal Way, beginning with the two-year biennium which begins January 1, 1997. The 1997-1998 biennial budget and all subsequent budgets shall be prepared, considered and adopted under the provisions of this chapter and Chapter 35A.34 RCW which is hereby adopted by reference.

(2) Mid-biennial review and modification. Pursuant to RCW 35A.34.130, the city council hereby provides for a mid-biennial review and modification of the biennial budget. No sooner than eight months after the start of the first year of the fiscal biennium, nor later than the first regularly scheduled city council meeting in November of the first year of each biennial budget, the mayor shall prepare proposed budget modifications to be effective as of January 1st of the following year. Such proposed modifications shall be sent to city councilmembers and shall be a public record and available to the public. A public hearing shall be advertised at least once and shall be held at a city council meeting no later than the second Tuesday in December and may be continued from time to time. At such hearing or thereafter, council may consider a proposed ordinance to carry out such modifications, which such ordinance shall be subject to other provisions of Chapter 35A.34 RCW.

(Ord. No. 10-669, § 25, 9-21-10; Ord. No. 96-267, §§ 1, 2, 5-21-96. Code 2001 § 7-3.)

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Cross references: Ordinances regarding appropriations and levying of taxes not codified in this Code are on file in the city clerk’s office, FWRC 1.05.090(6), (7); appeal procedure, Chapter 1.25 FWRC; taxation, FWRC Title 3, Division I; art in public places fund, Chapter 4.15 FWRC; public improvement assessments, Chapter 18.65 FWRC.

State law references: Fiscal provisions, RCW 35A.40.010 et seq.; import fees authorized, Chapter 82.02 RCW.