Chapter 3.48
FEDERAL SHARED REVENUE FUND

Sections:

3.48.010    Established – Purpose.

3.48.020    Use of funds – Time period.

3.48.030    Use of funds – Compliance.

3.48.040    Expenditures.

3.48.050    Administration.

Stat. Ref.: For provisions authorizing cities to receive and expend federal funds, see RCW 35.21.735.

3.48.010 Established – Purpose.

A special fund known as the Federal Shared Revenue Fund is established for the deposit and accounting of all entitlement funds received by the City under Title 1 of the State and Local Fiscal Assistance Act of 1972 together with all interest earned thereon. (Ord. 1312 § 1, 1978).

3.48.020 Use of funds – Time period.

The City shall use, obligate, or appropriate such funds within 24 months from the end of the entitlement period to which the entitlement payment is applicable, unless such period is otherwise extended as per the provisions of 31 Code of Federal Regulations, Subtitle B, Part 51, Section 51.100(b). (Ord. 1312 § 1, 1978).

3.48.030 Use of funds – Compliance.

The City’s use of entitlement funds shall be in conformity with the provisions of “Subpart D – Prohibitions and Restrictions on Use of Funds” at Section 51.40 of the Act. (Ord. 1312 § 1, 1978).

3.48.040 Expenditures.

The City shall follow the same fiscal procedures for the expenditure of entitlement funds as applicable to the procedures followed by the City concerning the expenditures of other City revenues. (Ord. 1312 § 1, 1978).

3.48.050 Administration.

The Finance Director/City Treasurer shall be charged with the administration of the Federal Shared Revenue and with the responsibility of accounting for entitlement funds, and such officer shall employ the same fiscal accounting and internal audit procedures as are used with respect to expenditures from revenues derived from other City sources. (Ord. 1312 § 2, 1978).