Chapter 3.30 FUNDS

There is hereby established a fund to be known as the “general fund” out of which current expenses of the City of Spokane Valley shall be paid, and which will be used to account for financial transactions of the general operating functions of City departments, and to account for those transactions not properly accounted for in another fund. (Ord. 9 § 1, 2002).

3.30.020 Street fund.

There is hereby established a fund to be known as the “street fund” into which shall be paid all monies received by the City of Spokane Valley as diverted road taxes pursuant to RCW 35.02.140, and into which may be paid monies received by the City of Spokane Valley as distributions, pursuant to RCW 46.68.090(1)(i), of the motor vehicle fuel taxes imposed by the state of Washington. Monies in the fund shall be used generally by the City of Spokane Valley for planning, establishing, constructing, repairing and maintaining the City’s streets, sidewalks and appurtenances, including pedestrian and bicycle paths, lanes and routes. However, nothing herein shall prohibit the city council from appropriating such additional monies to the fund as may be deemed necessary. Accounting and reporting procedures as to all street expenditures shall comply with the current manual of instructions published by the Washington State Auditor. (Ord. 9 § 2, 2002).

3.30.030 General fund petty cash established.

The city manager is hereby authorized to establish a general fund petty cash account in such amounts as the city manager may from time to time, in writing, determine necessary for the efficient handling of the purposes for which the account is established, but not to exceed $2,000. This account is established to facilitate minor authorized disbursements and the making of change. The account shall be administered in accordance with adopted administrative policies. (Ord. 22-024 § 2, 2022; Ord. 15-022 § 3, 2015; Ord. 10 § 1, 2002).

3.30.040 Arterial street fund established.

Closed by Ord. 13-015. (Ord. 62 § 1, 2003).

3.30.050 Sewer fund established.

Closed by Ord. 08-027. (Ord. 62 § 2, 2003).

3.30.060 Equipment rental and replacement fund established.

There is hereby established in the City treasury a fund known and designated as the equipment rental and replacement fund for the purpose of providing funds for acquisition and maintenance of equipment to be used by City departments as authorized by Chapter 36.33A RCW and RCW 35.21.088, respectively. (Ord. 62 § 3, 2003).

3.30.070 Risk management fund established.

There is hereby established in the City treasury a fund known and designated as the risk management fund for the purpose of providing funds for the City’s risk financing activities. (Ord. 62 § 4, 2003).

3.30.080 Trails and paths fund.

There is hereby established a fund to be known as the trails and paths fund from which motor vehicle fuel tax receipts shall be used to establish and maintain paths and trails for pedestrians, equestrians or bicycles as part of streets, roads and highways. (Ord. 03-098 § 1, 2003).

3.30.090 Bond fund.

There is hereby created, and shall be maintained by the finance director, a fund known as the “City of Spokane Valley limited tax general obligation bond – Debt service fund” (the “bond fund”) which shall be drawn upon for the sole purpose of paying the principal of and interest on the bonds. Money on deposit in the bond fund not immediately needed to pay such interest or principal may be temporarily deposited in such institutions or invested in any obligations which are legal investments for City funds. Any interest earnings from the investment of such money shall be deposited into the bond fund. (Ord. 03-084 § 7, 2003).

3.30.100 Project funds.

There is hereby created, and shall be maintained by the finance director, two funds, the “City of Spokane Valley Mirabeau Point capital projects fund*” (“Mirabeau Point fund”) and the “City of Spokane Valley street capital projects fund A” (“street fund”), (collectively called the “project funds”), into which shall be deposited the proceeds of the sale of the bonds.

Monies in the Mirabeau Point fund shall be used for the payment of part of the cost and expense of the acquisition and installation of CenterPlace. Monies in the street fund shall be used to complete the road and street projects identified in Section 2(2) of Ordinance 03-084. All interest earnings on monies invested from the project funds shall be deposited into that respective project fund. The City’s share of any liquidated damages or other monies paid by defaulting contractors or their sureties will be deposited into said project fund to assure the acquisition and completion of the project.

When the street projects have been completed and all costs related thereto, including all principal of and interest on the bonds, is paid in full, any monies remaining in the street fund may be deposited in the bond fund, created hereafter, or used for other capital projects of the City. When CenterPlace is complete, all money remaining in the Mirabeau Point fund shall be used for other lawful purposes associated with CenterPlace. (Ord. 03-084 § 8, 2003).

* Code reviser’s note: Ordinance 13-015 closes Fund 304, Mirabeau Projects Fund.

3.30.110 Operating reserve account.

There is hereby created and shall be maintained by the finance director a fund known as the “City of Spokane Valley CenterPlace operating reserve account” (herein called the “operating reserve account”), into which shall be deposited (from funds other than proceeds of the bonds) the sum of $100,000 in 2004. The City covenants to increase the balance of the operating reserve account to $300,000 by the end of 2009.

Monies in the operating reserve account shall be available for use in the payment of expenses associated with CenterPlace, including but not limited to operation and maintenance expenses, debt service and capital repairs. If the City makes a draw on the funds in the operating reserve account, it shall at the same time file a plan for the replenishment of the funds withdrawn. The City covenants to use all reasonable efforts to follow such a plan for replenishment. (Ord. 03-084 § 9, 2003).

3.30.120 Community development block grant fund.

Closed by Ord. 10-026. (Ord. 04-015 § 1(C), 2004).

3.30.130 Capital grants fund.

Closed by Ord. 13-015. (Ord. 04-015 § 1(D), 2004).

3.30.140 Barker Road Bridge reconstruction – Federal grant fund.

Closed by Ord. 13-015. (Ord. 04-015 § 1(E), 2004).

3.30.150 Parks capital improvement fund.

Parks capital improvement fund is hereby created for the purpose of making capital improvements to parks and to purchase and/or lease land for public parks. Revenues result from a transfer from the general fund in the amount of $550,000. Appropriations are authorized in the same amount as shown in Exhibit A of Ordinance 05-018. (Ord. 05-018 § 1(F), 2005).

3.30.160 Service level stabilization reserve fund.

Service level stabilization reserve fund is hereby created with a revenue transfer from the general fund in the amount of $1,000,000. Appropriations are authorized as shown in Exhibit A of Ordinance 05-018 as needed to maintain City service levels. (Ord. 05-018 § 1(G), 2005).

3.30.170 Winter weather reserve fund.

Winter weather reserve fund is hereby created with a transfer from the general fund in the amount of $500,000. Appropriations are authorized as shown in Exhibit A of Ordinance 05-018 for costs relating to street maintenance including, but not limited to, sanding, snow plowing and de-icing. (Ord. 05-018 § 1(H), 2005).

3.30.180 CenterPlace operating reserve fund.

CenterPlace operating reserve fund is hereby created with a transfer from the general fund in the amount of $300,000. Appropriations are authorized as shown in Exhibit A of Ordinance 05-018 for unexpected operating costs associated with CenterPlace at Mirabeau Point. (Ord. 05-018 § 1(I), 2005).

3.30.190 Civic building fund.

A civic building fund is hereby created for the purposes of purchasing/leasing land, buildings and constructing capital improvements for civic purposes. Revenues for 2005 will come from a general fund transfer in the amount of $500,000. Appropriations are authorized as shown in Exhibit A of Ordinance 05-018 for capital improvements relating to civic buildings. (Ord. 05-018 § 1(J), 2005).

3.30.200 Street capital projects fund B established.

There is hereby established in the City treasury a fund known and designated as “street capital projects fund B” for the purpose of constructing, engineering, purchasing rights-of-way and paying for related capital construction costs. (Ord. 06-014 § 3, 2006).

3.30.210 Street capital improvements 2011+ fund.

There is hereby created Fund 311, Street Capital Improvements 2011+, which shall be used only after the city council has been notified and has formally approved disbursements. Said improvements can only be for city match on capital street projects or on street preservation capital projects, with or without grants from the state or federal government. (Ord. 10-022 § 2, 2010).

3.30.220 Stormwater utility fund.

There is hereby established a fund that is to be known as the stormwater utility fund, into which shall be deposited monies received by the City with expenditures authorized as are properly chargeable to the fund pursuant to this chapter. Monies in the fund shall be budgeted and appropriated for purposes consistent with the storm and surface water utility including, but not limited to, the planning, designing, acquiring, constructing and maintaining of stormwater control, conveyance and treatment facilities plus reasonably related administrative expenses. (Ord. 08-008 § 12, 2008).

3.30.230 Solid waste fund.

There is hereby created Fund 106, solid waste fund, which will be used to account for activities related to solid waste transfer and disposal services. (Ord. 14-014 § 2, 2014).

3.30.240 PEG fund.

There is hereby created Fund 107, PEG fund, which will be used to account for activities related to the PEG capital contributions received. (Ord. 15-018 § 2, 2015).

3.30.250 City Hall construction fund.

There is hereby created Fund 313, City Hall construction fund, which will be used to account for activities related to the construction of a City Hall building. (Ord. 15-018 § 3, 2015).

3.30.260 Railroad grade separation projects fund.

There is hereby created Fund 314, railroad grade separation projects fund, which will be used to account for activities related to the design and construction of railroad grade separation projects within the City. (Ord. 16-016 § 2, 2016).