Chapter 3.38
EQUIPMENT RENTAL RESERVE FUND

Sections:

3.38.010    Created.

3.38.020    Disposition of monies.

3.38.010 Created.

There is established and created a special revolving fund to be known as the “equipment rental reserve fund,” pursuant to RCW 35.21.088 for the purpose of accumulating funds for equipment purchases. The city council may determine from time-to-time what monies shall be placed and kept in said revolving fund. (Ord. 1375 § 1, 1983)

3.38.020 Disposition of monies.

The portion of rental fees pertaining to depreciation shall be placed into said funds together with new equipment contributions for the purpose of purchasing equipment. The balance of rental fees charged shall be received in the operating fund previously established by Ordinance No. 224, as codified in Chapter 3.36 LMC. (Ord. 1375 § 2, 1983)