Chapter 3.52
ENTERPRISE FUNDS
Sections
3.52.150 Surface water management fund.
3.52.010 General provisions.
(1) Identity and Accounting. Except as otherwise provided in this chapter, each enterprise fund has a separate accounting and identity from other monetary resources of the City.
(2) Sources of Moneys. Except as otherwise provided in this chapter, each enterprise fund receives moneys predominately from external user fees.
(3) Expenditures from Funds. Except as otherwise provided in this chapter, expenditures from each enterprise fund are authorized by motion of the City Council for purposes and uses consistent with law.
(4) Transfers from Funds. Except as otherwise provided in this chapter, excess moneys in an enterprise fund may be not be transferred to another City fund.
(5) Annual Carryover. Except as otherwise provided in this chapter, moneys that have been deposited in each enterprise fund are maintained and carried forward at the end of each budget year, including interest from investment earnings of the funds and excluding authorized expenditures. [Ord. 1642 § 4, 2016: Ord. 1144 § 32, 1995.]
3.52.020 Marina system revenue fund account.
Repealed by Ord. 1297. [Ord. 1144 § 33, 1995.]
3.52.030 Marina system revenue bond and interest sinking account.
Repealed by Ord. 1297. [Ord. 1144 § 34, 1995.]
3.52.040 Marina system repair and replacement reserve account.
Repealed by Ord. 1297. [Ord. 1144 § 35, 1995.]
3.52.050 Marina system depreciation and improvement trust fund.
Repealed by Ord. 1297. [Ord. 1144 § 36, 1995.]
3.52.060 Surface water management capital improvements fund.
Repealed by Ord. 1642. [Ord. 1144 § 37, 1995.]
3.52.070 Surface water management program fund.
Repealed by Ord. 1642. [Ord. 1144 § 38, 1995.]
3.52.100 Marina fund.
There is hereby created and established in the office of the City Treasurer the marina fund. The marina fund shall consist of three sub-funds: marina operations, marina construction, and marina debt service and reserve.
(1) All revenues raised pursuant to marina operations shall be deposited into the marina operations sub-fund. All marina operating expenses shall be paid from the marina operations sub-fund. Current expenses of the marina system shall be payable, as a first charge, from the marina operations sub-fund as the same become due and payable. Current expenses shall include all necessary operating expenses, current maintenance charges, expenses of reasonable upkeep and repairs, properly allocated share of charges for insurance and all other expenses incident to the operation of the marina system, but shall exclude depreciation, all general administrative expenses of the City and the payment into the marina construction sub-fund hereinafter provided for.
(2) The portion of bond proceeds designated for construction purposes shall be deposited directly into the marina construction sub-fund. Additionally, moneys collected pursuant to the marina operations may be transferred to the marina construction sub-account to fund marina capital improvements as the City Council may designate. Grants or other external funding sources related to construction activities shall be deposited directly into the marina construction sub-fund.
(3) The portion of bond proceeds designated for debt service reserve purposes shall be directly deposited into the marina debt service and reserve sub-fund and shall be maintained therein as long as legally required. The marina operations sub-fund shall transfer to the marina debt service and reserve sub-fund such sums as are necessary such that the marina debt service and reserve sub-fund has cash on hand to pay the interest on the outstanding bonds plus one-half of the principal due within the succeeding 12 months on or before each interest payment date.
(4) The City may use the balance of excess funds in the marina operations sub-fund at the close of each fiscal year to redeem eligible outstanding bonds on the next interest payment date, in inverse numerical order and in amounts of not less than $5,000 par value at one time. [Ord. 1642 § 5, 2016.]
3.52.150 Surface water management fund.
There is hereby created and established in the office of the City Treasurer the surface water management fund. The surface water management fund shall consist of two sub-funds: surface water management operations and surface water management construction.
(1) All revenues raised pursuant to surface water management operations shall be deposited into the surface water management operations sub-fund. All surface water management operations operating expenses shall be paid from the surface water management operations sub-fund.
(2) Moneys collected pursuant to the surface water management operations may be transferred to the surface water management construction sub-account to fund surface water management capital improvements as the City Council may designate. Grants or other external funding sources related to construction activities shall deposited directly into the surface water management construction sub-fund. [Ord. 1642 § 6, 2016.]
3.52.420 Events and facility rentals fund.
Repealed by Ord. 1785. [Ord. 1782 § 1, 2023.]