Chapter 4.39
PITS AND QUARRIES FUND

Sections:

4.39.010    Creation and Purpose.

4.39.020    Administration of fund.

4.39.030    Investment of fund.

4.39.040    Sources of funds.

4.39.050    Use of funds.

4.39.060    Nonreversion of funds.

4.39.070    Fund manager.

4.39.010 Creation and Purpose.

There is hereby created an internal service fund known as the pits and quarries fund to be used for the purchase, manufacture, storage, and sale of road maintenance and construction materials associated with the county pits and quarries required by the county.

(Added Ord. 01-127, December 19, 2001, Eff date January 3, 2002).

4.39.020 Administration of fund.

(1) The director of public works or the director’s designee shall administer the fund in the same manner as an equipment rental and revolving fund established under chapter 36.33A RCW and shall be responsible for setting rates for the sale of materials purchased or manufactured by the fund. The rates shall be set to recover all costs of purchasing, manufacturing, storing, and distributing the materials including capital acquisitions deemed necessary to meet the fund’s purpose.

(2) Handling of funds and accounting functions of the fund shall be performed by the department of budget and finance.

(Added Ord. 01-127, December 19, 2001, Eff date January 3, 2002).

4.39.030 Investment of fund.

The fund shall be invested and/or reinvested by the director of the department of budget and finance as permitted by law, after consultation with the director of public works.

(Added Ord. 01-127, December 19, 2001, Eff date January 3, 2002).

4.39.040 Sources of funds.

The fund shall contain such funds as are deposited therein from time to time. All proceeds from the sale or lease of road maintenance and construction materials shall be deposited in the fund when received.

(Added Ord. 01-127, December 19, 2001, Eff date January 3, 2002).

4.39.050 Use of funds.

The fund shall be used to pay for the purchase, manufacture, storage, and sale of road maintenance and construction materials, for the payment of administrative expenses incurred in connection therewith, and for related legal obligations incurred on the fund’s behalf.

(Added Ord. 01-127, December 19, 2001, Eff date January 3, 2002).

4.39.060 Nonreversion of funds.

Assets of the fund shall not be withdrawn for other than those purposes stated in SCC 4.39.050 unless the public works director determines that the fund has accumulated assets exceeding the fund’s long term needs, in which case the county council may authorize the transfer of those assets to the county road fund or to other county funds established for proper county road purposes.

(Added Ord. 01-127, December 19, 2001, Eff date January 3, 2002).

4.39.070 Fund manager.

The director of the department of public works or the director’s designee shall serve as fund manager. The fund manager shall have the responsibilities set out in SCC 4.04.060. The name of the fund manager shall appear on a master list maintained in the department of budget and finance.

(Added Ord. 01-127, December 19, 2001, Eff date January 3, 2002).