Chapter 3.24
FUNDS
Sections:
3.24.020 General reserve fund.
3.24.030 Arterial street fund.
3.24.040 Treasurer’s imprest fund.
3.24.060 Equipment rental fund.
3.24.065 Equipment replacement reserve fund.
3.24.070 Utility improvement fund.
3.24.100 Airport fund No. 415.
3.24.102 Airport grant fund No. 416.
3.24.105 Airport reserve fund No. 110.
3.24.110 Facilities capital improvement fund.
3.24.130 State revolving reserves fund.
3.24.135 Wastewater loans fund.
3.24.140 City utility assistance program fund.
3.24.150 Treasurer’s suspense fund.
3.24.170 Golf course reserve fund.
3.24.005 Agency fund.
There is established in the budget of the city a fund to be referred to as the agency fund. This fund shall be used to receive all funds generated and collected by the city treasurer for the purpose of collection for other entities. (Ord. 604 § 1, 1991)
3.24.010 Water fund.
A. There is established a fund to be known as the water fund, into which fund shall be paid all the moneys derived from the sale of waterworks construction bonds issued January 1, 1911, and all the revenue derived from the operation of the water system.
B. Revenues paid into this fund are to be used for the purpose of constructing, installing, maintaining, operating and repairing the city’s water system. (Ord. 711 § 4, 1998; Ord. 39 §§ 1 – 3, 1911)
3.24.020 General reserve fund.
The general reserve fund is hereby created to be used for the accumulation of funds from year to year until such time as the city council has determined to expend monies within said fund for identified purposes. The general reserve fund monies may be used for the purchase, lease, improvement, or other appropriate expenditure for general purposes, including but not limited to the purchasing of supplies, material or equipment, or the construction, alteration or repair of necessary facilities, as deemed appropriate in the annual budget approved by ordinance by the city council or as the same may be amended by ordinance of the city council. (Ord. 858 § 1, 2008)
3.24.025 Street fund.
There is established within the 1998 annual city budget and ensuing budgets thereafter a fund to be entitled “street fund” that will be used as an accounting of street department revenues earmarked for improvements designed to the city’s streets. The street fund will be located and identified in the annual budget as Department 101 replacing the street operations fund. (Ord. 809 § 1, 2004; Ord. 711 § 5, 1998)
3.24.030 Arterial street fund.
A. There is created a fund to be known as the arterial street fund, pursuant to Chapter 7, Laws of 1961, Extraordinary Session, of the State of Washington.
B. The arterial street fund shall be credited with all applicable state gas tax allocated to the city, funds contributed by the city and any other funds that may from time to time be authorized to be placed therein.
C. The arterial street fund shall be used exclusively for the construction, improvement and repair of the arterial streets in the city, and all expenditures from the fund shall be made in accordance with the provisions of the laws of the state. (Ord. 215 §§ 1 – 3, 1961)
3.24.040 Treasurer’s imprest fund.
A. There is established in the office of the city treasurer an imprest fund for the use of the city treasurer in making change in dealing with the public in the course of the business of the city treasurer’s office.
B. Such imprest fund is established in the amount of $200.00, to be used in accordance with such regulations as the city treasurer may establish for the handling of such funds. Such regulations as shall be established by the city treasurer shall be in writing and shall be kept filed in the city treasurer’s office for the direction of such persons, including the city treasurer, that shall be handling such imprest fund from time to time. (Ord. 625 § 1, 1992; Ord. 297 §§ 1, 2, 1976)
3.24.060 Equipment rental fund.
A. There is established in the office of the city treasurer a fund known as the equipment rental fund. Such fund shall be used to receive contributions from the city’s various operating funds, said contributions to be set aside for the purchase and maintenance of city equipment.
B. The city treasurer shall establish the equipment rental fund described by this section and shall handle, disperse and recover such fund in accordance with the regulations established by the State Auditor.
C. The contributions to the equipment rental fund from the city’s operating funds shall be established in each year’s annual budget. All funds and departments thereof using depreciable equipment owned by the city shall contribute to the equipment rental fund, and contributions shall be based on the annual budget estimates for the fund, and shall be derived 40 percent from the street fund, 20 percent from the water fund, 20 percent from the wastewater fund, and 20 percent from the general fund.
D. All depreciable equipment owned by the various funds or departments thereof of the city on the effective date of the ordinance codified in this section is donated to and is henceforth property of the equipment rental fund. Each fund or departments thereof contributing equipment to the equipment rental fund shall receive a credit in the equipment rental fund equal to the current value of such fund’s or department’s contributed equipment. (Ord. 920 § 1, 2012: Ord. 356 §§ 1 – 4, 1980)
3.24.065 Equipment replacement reserve fund.
A. There is established in the office of the city treasurer a fund known as the equipment rental replacement fund. This fund shall be used to receive contributions from the city’s various operating funds, said contributions to be set aside for the purchase of city equipment and vehicles.
B. The city treasurer shall establish a replacement schedule for all depreciable equipment owned by the city and shall be annually updated as part of the annual budget adoption process.
C. Expenditures from this fund shall be approved as part of the annual budget adoption process for the sole purpose of replacing city equipment or vehicles. (Ord. 920 § 2, 2012: Ord. 741 § 1, 1999; Ord. 711 § 8, 1998; Ord. 661 § 1, 1994)
3.24.070 Utility improvement fund.
A. There is established in the office of the city treasurer a fund known as the utility improvement fund. Such fund shall be used to receive two-thirds of the fee charged for sewer and water connections as set forth by Resolution Nos. 1979-2 and 1979-14, said contributions to be set aside, at interest, for the cost necessary to improve city utilities.
B. The city treasurer shall establish the utility improvement fund described by this section and shall handle, disperse and recover such fund in accordance with the regulations established heretofore by the State Auditor.
C. The amount of contribution to the utility improvement fund from the city’s water-sewer fund will be two-thirds percent of the connection fees paid during that month. (Ord. 363 §§ 1 – 3, 1980)
3.24.100 Airport fund No. 415.
A. The airport fund No. 415 is established by the city council. The airport fund No. 415 shall include all revenues, budgeting, expenditure and accounting for monies received for the airport, other than for grants. All of said monies shall be identified, segregated and accounted for in the airport fund No. 415. The monies within the airport fund No. 415 shall be used for the purpose of paying operation and maintenance expenses incurred as a result of city operation and maintenance of the airport.
B. For purposes of recouping city expenses associated with establishment and operation of the airport fuel system there will be a $0.43 minimum markup (after taxes) within the retail cost of the airport fuel. (Ord. 858 § 3, 2008: Ord. 740 § 1, 1999; Ord. 711 § 7, 1998; Ord. 443 § 3, 1983)
3.24.102 Airport grant fund No. 416.
The airport grant fund No. 416 is hereby established. The airport grant fund No. 416 shall be used for budgeting, receipting, expenditure and accounting of monies received for use at the airport pursuant to grants awarded to the city. Each separate airport grant shall be identified, segregated and accounted for in the airport grant fund. (Ord. 858 § 2, 2008)
3.24.105 Airport reserve fund No. 110.
The airport reserve fund No. 110 is hereby established. The airport reserve fund No. 110 monies shall be used for any purchase, lease, improvement or other appropriate expenditure related to the airport, including but not limited to the purchasing of supplies, material or equipment, or the construction, alteration or repair of necessary airport facilities, as may be deemed appropriate by the city council as set forth in the city budget ordinance, or any ordinance amending the city budget ordinance. (Ord. 858 § 4, 2008: Ord. 743 § 1, 1999)
3.24.110 Facilities capital improvement fund.
A. There is established in the office of the city treasurer a fund known as the facilities capital improvement fund (fund 304). This fund shall be used exclusively for emergency repairs, improvements, or structural repairs to City Hall and/or the city street/maintenance building.
B. By a vote of the city council this fund shall be used for the aforementioned capital improvements as determined by the city council during the annual budget adoption process.
C. Annually, the city treasurer shall budget a minimum ending fund balance of $50,000 and shall budget monetary transfers into the facilities capital improvement fund to maintain the fund balance as follows: 50 percent from the general fund, 25 percent from the water fund, and 25 percent from the wastewater fund. (Ord. 920 § 3, 2012: Ord. 911 § 1, 2011; Ord. 739 § 1, 1999)
3.24.130 State revolving reserves fund.
Established in the 1996 annual budget and ensuing budgets thereafter a fund to be designated as the state revolving reserves fund to be used as a reserve for state revolving loan number L9500023 that was obtained to facilitate the wastewater facilities plan improvements program. The loan reserve within this fund shall be equivalent to at least the average annual debt service on the state revolving loan. There will also be an emergency repair and replacement reserve within this fund equivalent to one-half of the average annual debt service according to the terms, conditions, and commitments of the state revolving loan agreement. The state revolving reserves fund will be located and identified in the annual budget as department 403. (Ord. 911 § 2, 2011: Ord. 690 § 1, 1996)
3.24.135 Wastewater loans fund.
Established within the 1997 annual city budget and ensuing budgets thereafter a fund to be entitled the wastewater loans fund that will be used as an accounting of the wastewater department loans. The city treasurer shall deposit monthly all interest earned from the wastewater department with the exclusion of the wastewater improvement fund into this fund. There shall also be deposited into the wastewater loans fund at the end of every month a discretionary amount of the remaining revenues after the monthly expenses have been met from the wastewater operating fund and any additional funds needed to meet the obligations of the annual loan payments. The wastewater loans fund will be located and identified in the annual budget as department 402. (Ord. 692 § 1, 1996)
3.24.140 City utility assistance program fund.
The city utility assistance program fund is established within the 1999 annual city budget and ensuing budgets thereafter. Revenues generated from contributions for this program will be deposited by the city treasurer and identified as department 625 in the annual budget. The criteria for application to qualify for financial assistance with city utility billings shall be set and adopted by resolution of the city council. (Ord. 728 § 1, 1999)
3.24.150 Treasurer’s suspense fund.
There is established in the office of the treasurer of the city a fund to be known as the treasurer’s suspense fund where remittances shall be deposited for the time prior to disbursement to citizens, agencies, companies, and/or organizations for refundable deposits. (Ord. 830 § 2, 2006)
3.24.160 Golf course fund.
There is established in the office of the treasurer of the city of Deer Park a fund known as fund 406 titled “golf course fund,” which fund is created for the purposes of deposit and withdrawal of funds related to the purchase, operation, and maintenance of the Deer Park golf course. (Ord. 894 § 1, 2010)
3.24.170 Golf course reserve fund.1
There is established in the office of the treasurer of the city of Deer Park a fund known as Fund 306 titled “golf course reserve fund,” which fund is created for the purpose of deposit and withdrawal of funds related to capital improvements at the Deer Park golf course. Any expenditure from this fund shall be subject to prior approval by a vote of the city council at an open public meeting. The money to be deposited into this fund shall be as approved by the adoption of the annual city budget ordinance or as the annual city budget may be amended by ordinance. (Ord. 932 § 1, 2013)
Editor’s note: Ordinance No. 932 added this section as DPMC 3.24.160. It was editorially renumbered to avoid duplication in numbering.