Chapter 4.34
EQUIPMENT RENTAL AND REVOLVING FUND

Sections:

4.34.010    Creation and purpose.

4.34.015    Administration of fund.

4.34.025    Source of funds.

4.34.030    Fund administrator.

4.34.035    Uses of fund.

4.34.045    Nonreversion of the fund.

4.34.055    Separate accounts, reserves

4.34.065    Severability.

4.34.010 Creation and purpose.

There is hereby created an equipment rental revolving fund, hereinafter referred to as "the fund," to be used as a revolving fund for the purchase, maintenance, repair and disposal of selected Snohomish county equipment; for the purchase of equipment, materials, including fuels, supplies and services required in the administration and operation of the fund; and for the purchase or manufacture of materials and supplies required by the county, exclusive of those road maintenance and construction materials purchased or manufactured by the pit and quarries fund, as designated from time to time.

(§ 1 of Res. adopted January 11, 1978; Amended Ord. 86-125, § 3, November 6, 1986; Amended by Ord. 09-009, Mar. 18, 2009, Eff date Mar. 29, 2009).

4.34.015 Administration of fund.

(1) Except as elsewhere provided in this chapter, the fleet manager shall administer the fund, manage its property, and shall prepare and recommend rates and terms of purchase, disposal, sale or rental of any equipment in the fund.

(2) No less often than annually, nor more often that each calendar quarter, the fleet manager shall prepare a schedule of rental rates to be charged for each item and/or product line expected to be offered for lease. Each rate shall cover all of the costs incurred by the fund, including cost of replacement and costs of repair if such is assumed by the county. Any such schedule shall be forwarded by the director of facilities management to the county council for approval by motion. Rentals shall be made only to county departments or other government agencies. Charges for rentals shall be billed monthly and deposited in the fund upon receipt.

(3) Proceeds from the sale of fund assets which are no longer of value to the fund shall be deposited in the fund upon receipt. Such sales, unless to another county department or governmental entity shall be controlled by the applicable provisions of chapter 4.46 SCC.

(4) In the management of fund property, the fleet manager may negotiate and approve maintenance warranty agreements with the manufacturer or suppliers of vehicles or equipment that are fund assets to provide for in-house warranty servicing and reimbursement by the manufacturer or supplier of the county’s costs.

(5) Handling of funds and accounting functions shall be performed by the finance director.

(Added Ord. 86-125, § 4, November 6, 1986; Amended by Ord. 09-009, Mar. 18, 2009, Eff Mar. 29, 2009; Amended by Ord. 09-086, Sept. 9, 2009, Eff date Oct. 5, 2009; Amended by Emergency Ordinance No. 11-033, May 25, 2011, Eff date May 25, 2011; Amended by Ord. 12-076, Oct. 10, 2012, Eff date Jan. 1, 2013).

4.34.025 Source of funds.

The fund shall contain the funds now contained therein and such funds as are deposited therein from time to time. Proceeds from rentals, maintenance warranty agreements and funds received from other governmental agencies pursuant interlocal agreements and from the sale of property of the fund shall be deposited in the fund as received.

(Added Ord. 86-125, § 4, November 6, 1986; Amended by Ord. 09-086, Sept. 9, 2009, Eff date Oct. 5, 2009).

4.34.030 Fund administrator.

The fund shall be invested and/or reinvested by the finance director as permitted by law, after consultation with the fleet manager.

(Added Ord. 86-125, § 4, November 6, 1986).

4.34.035 Uses of fund.

The funds shall be used for the purchase of materials, including fuels, and the purchase, replacement, maintenance, including in-house warranty work, and disposal, including sale, of equipment in accord with the purpose stated in SCC 4.34.010, and the payment of administrative expenses in connection therewith.

(Added Ord. 86-125, § 4, November 6, 1986; Amended by Ord. 09-009, Mar. 18, 2009, Eff date Mar. 29, 2009; Amended by Ord. 09-086, Sept. 9, 2009, Eff date Oct. 5, 2009).

4.34.045 Nonreversion of the fund.

The assets of the fund shall be held for the exclusive purpose of the purchase, rental, maintenance and disposal of equipment; for the purchase or manufacture of materials, including fuels, supplies and services and for administration of the fund as described in this chapter and shall never inure or revert to the benefit of the county unless the county council deems the continued existence of the fund not be in the best interest of the county, subject to the limitations of chapter 36.33A RCW.

(Added Ord. 86-125, § 4, November 6, 1986; Amended by Ord. 09-009, Mar. 18, 2009, Eff date Mar. 29, 2009).

4.34.055 Separate accounts, reserves

Separate equipment replacement reserves and interest in the fund shall be maintained by department/fund. If in the opinion of the fleet manager, a piece of equipment should be replaced, he shall replace such equipment from the department/ fund’s reserves; PROVIDED, That during any current year expenditures from the reserve by any department/fund shall not reduce the department’s reserve balance to a level less than the minimum requirement which shall be defined as five percent of each department/fund’s original cost of equipment not including depreciation reserves as of January 1 of each year.

(Added Ord. 86-125, § 4, November 6, 1986).

4.34.065 Severability.

If any provision of this chapter or its application to any person or circumstance are to be held invalid, the remainder of this chapter or any provision to other persons or circumstances is not affected.

(Added Ord. 86-125, § 4, November 6, 1986).