Chapter 3.48
FUNDS
Sections
3.48.010 Airport defense fund.
3.48.020 Arterial street fund.
3.48.030 Claims fund.
3.48.040 Community development block grant fund.
3.48.050 General fund.
3.48.060 Marina advance moorage deposit fund.
3.48.070 Municipal capital improvements fund.
3.48.080 Park fund.
3.48.090 Payroll fund.
3.48.100 Revenue stabilization cumulative reserve fund.
3.48.110 Senior services division enhancement trust fund.
3.48.120 Street fund.
3.48.130 Unemployment compensation trust fund.
3.48.010 Airport defense fund.
(1) There is created an “airport defense fund.”
(2) The purpose of the airport defense fund is for the receipt and expenditure of moneys used to finance action(s) taken to prevent the planning and construction of improvements to Seattle-Tacoma International Airport that would increase air traffic operations above 1992 levels.
(3) Moneys for the airport defense fund consist of funds appropriated annually and from time to time by the city council, and from such other sources as the city council may determine. [Ord. 1144 § 19, 1995.]
3.48.020 Arterial street fund.
(1) There is created an “arterial street fund.”
(2) The purpose of the arterial street fund is for the receipt and expenditure of certain gas tax revenues used to finance major street overlay and construction projects.
(3) Moneys for the arterial street fund consist of funds received from the state, appropriated annually and from time to time by the city council, and from such other sources as the city council may determine. [Ord. 1144 § 20, 1995.]
3.48.030 Claims fund.
(1) There is created a “claims fund.”
(2) The purpose of the claims fund is for the receipt and expenditure of moneys used to pay warrants that may be drawn and cashed for the purpose of paying valid claims against the city.
(3) The accounts of the city are kept so that they show the department or departments and amount for which the warrant is issued and paid. [Ord. 1144 § 21, 1995.]
3.48.040 Community development block grant fund.
(1) There is created a “community development block grant fund.”
(2) The purpose of the community development block grant fund is for the receipt and expenditure of moneys used to finance programs and projects that benefit low and moderate income persons and the community.
(3) Moneys for the community development block grant fund are provided to the city from county community development block grant funds. [Ord. 1144 § 22, 1995.]
3.48.050 General fund.
(1) There is created a “general fund,” sometimes referred to as the current expense fund.
(2) The purpose of the general fund is for the receipt and expenditure of moneys used to pay current expenses not covered by another fund.
(3) Moneys for the general fund consist of all revenues not expressly designated to other funds. [Ord. 1144 § 23, 1995.]
3.48.060 Marina advance moorage deposit fund.
(1) There is created a “marina advance moorage deposit fund.”
(2) The purpose of the marina advance moorage deposit fund is for the receipt and expenditure of moneys used to reserve a moorage slip at the Des Moines Marina.
(3) Moneys for the marina advance moorage deposit fund consist of marina waiting list deposits made with the city. [Ord. 1144 § 24, 1995.]
3.48.070 Municipal capital improvements fund.
(1) There is created a “municipal capital improvements fund.”
(2) The purpose of the municipal capital improvements fund is for the receipt and expenditure of moneys used to finance local improvements, including those listed in RCW 35.43.040 as presently constituted or as may be subsequently amended.
(3) Moneys for the municipal capital improvements fund consist of taxes collected under the provisions of Ordinance No. 652 as amended, funds appropriated annually and from time to time by the city council, and from such other sources as the city council may determine for deposit in the municipal capital improvements fund. [Ord. 1352 § 1, 2004: Ord. 1189 § 1, 1997; Ord. 1144 § 25, 1995.]
3.48.080 Park fund.
(1) There is created a “park fund.”
(2) The purpose of the park fund is for the receipt and expenditure of moneys used to defray all or a portion of the costs of planning, buying, leasing, condemning, acquiring, constructing, developing, improving, extending, repairing, maintaining, or operating municipally owned public recreation areas within the city.
(3) Moneys for the park fund consist of all moneys and property that may be designated by ordinance and from time to time be donated to and accepted by gift, devise, or bequest for the purposes as set forth in this section. Real property accepted that is not suitable or adequate for these purposes may be conveyed or leased, pursuant to law, by the city and the moneys realized are deposited in this fund. [Ord. 1144 § 26, 1995.]
3.48.090 Payroll fund.
(1) There is created a “payroll fund.”
(2) The purpose of the payroll fund is for the receipt and expenditure of moneys used to pay warrants drawn and cashed for the purpose of paying money due city employees for salaries and wages.
(3) The accounts of the city are kept that they show the department or departments and amount to which the payment is properly chargeable.
(4) All transfers from an insolvent fund to the payroll fund are by warrant. [Ord. 1144 § 27, 1995.]
3.48.100 Revenue stabilization cumulative reserve fund.
(1) There is created a “revenue stabilization cumulative reserve fund.”
(2) The purpose of the revenue stabilization cumulative reserve fund is for the receipt and expenditure of moneys for use when city revenues decrease due to unexpected economic downturns.
(3) An item for the revenue stabilization fund may be included in the annual budget of the city and such item may be repeated from year to year until, in the judgment of the city council, the amount required for the revenue stabilization fund is raised or cumulated. Moneys in the revenue stabilization fund at the end of the fiscal year shall not lapse nor shall the same be a surplus available or that may be used for any purpose.
(4) Expenditures or transfers from the revenue stabilization fund require approval by a two-thirds majority of all the members of the city council. [Ord. 1144 § 28, 1995.]
3.48.110 Senior services division enhancement trust fund.
(1) There is created a “senior services division enhancement trust fund.” For accounting purposes this fund is considered an expendable endowment trust fund according to the terms of this section.
(2) The purpose of the senior services division enhancement trust fund is for the receipt and expenditure of moneys used to supplement and enhance senior division programs in accordance with the following guidelines:
(a) To supplement existing senior programs for periods not to exceed the current fiscal year;
(b) To study the feasibility of and develop new senior programs on a trial basis for periods not to exceed the current fiscal year;
(c) As one-time transaction capital necessary to qualify for grants or other matching funds available for senior programs;
(d) To acquire or replace furnishings and equipment used in the support of senior services;
(e) To construct, enlarge, alter, repair, renovate, or otherwise develop the current or a new senior center structure;
(f) Expenditures from the fund are not made to fund existing senior division expenses, e.g., programs, staff benefits, utilities, general maintenance, or insurance costs, as such expenses are defined in the senior division budget over a previous two-year period.
(3) The fund may receive moneys from private or public gifts, endowments, donations, devises, bequests, or other similar sources or grants that are intended to be deposited in the fund.
(4) If there is a charitable contribution of real property, stocks, bonds, or other titled property to the Greater Des Moines Seniors, title to such property is transferred into the name of the city and maintained in a tax-exempt status until sale of such property is authorized by the city council. Upon transfer, such property may be used for a municipal purpose unless terms or conditions restricting the use of such property are attached to the donation, devise, bequest, or transfer. This section is construed to preclude the use of titled property by the city in a manner that would operate to divest the donor of a deduction granted under Section 170 of the Internal Revenue Code. Upon sale of such property, all net proceeds thereof are transferred into and become principal of the fund.
(5) The city manager is authorized to make expenditures from the fund according to guidelines adopted by the city council following notification of pending expenditures to the Greater Des Moines Seniors, and an opportunity for comments on the expenditure, except such commenting shall not operate as a veto of an otherwise authorized expenditure. The city manager shall submit an annual report to the Greater Des Moines Seniors board of directors and the city council itemizing the status of the fund and any expenditures made during the reporting period.
(6) Only income earned from investment of the moneys in the fund may be expended unless the city council specifically authorizes expenditure of principal for a particular purpose.
(7) City as Trustee – Alternate Trustee – Amendment to Section – Termination of Trust.
(a) The city is deemed to be the trustee of the fund created by this section and no municipal officer, employee, volunteer, or other agent shall incur personal liability for lawful activities in the administration of the fund.
(b) The city reserves the right to refuse a gift. If a gift requires special administrative expertise, the provision of which is not cost effective to city administration, the city manager is authorized to designate an alternate trustee to administer such gifts, including the costs of such administration.
(c) This section may only be amended by a two-thirds majority vote of the entire city council, except that upon petition presented by a majority of the board of directors of the Greater Des Moines Seniors, this chapter may be amended by a majority vote of the council.
(d) If the city discontinues or otherwise ends the provision of services to seniors in the Greater Des Moines area, then the city’s trustee relationship is deemed terminated upon transfer of the funds held in trust according to this section and appointment of a new trustee. The city shall not terminate senior services division support with less than 180 days notice to the Greater Des Moines Seniors’ board of directors.
(e) In the event of dissolution of the organization now known as the Greater Des Moines Seniors, the city shall take the necessary steps to ensure the continued charitable donation status of on-going gifts or residuary benefits designated for use by the city senior services division. [Ord. 1144 § 29, 1995.]
3.48.120 Street fund.
(1) There is created a “street fund.”
(2) The purpose of the street fund is for the receipt and expenditure of moneys used to construct or maintain streets.
(3) Moneys for the street fund consist of funds received from the state, appropriated annually and from time to time by the city council, and from such other sources as the city council may determine. [Ord. 1144 § 30, 1995.]
3.48.130 Unemployment compensation trust fund.
(1) There is created an “unemployment compensation trust fund.”
(2) The purpose of the unemployment compensation trust fund is for the receipt and expenditure of moneys used to pay claims for reimbursement of unemployment compensation.
(3) Deposits to the fund are made in such amounts as to maintain an optimum reserve accumulation level, that is achieved by utilizing the following formula:
[Number of city employees (full-time equivalents) x 5% x annual maximum unemployment benefits x 3 years] + average annual pay out for past 10 years.
[Ord. 1144 § 31, 1995.]