Chapter 3.99


3.99.010    Established.

3.99.020    Fund transfer.

3.99.030    Custodian designated.

3.99.040    Fund administration.

3.99.100    Severability.

3.99.010 Established.

There is hereby established in the city of Lynnwood a purchasing imprest fund. The purpose of the fund is to provide immediate payment of authorized expenditures. (Ord. 1735 § 1, 1989)

3.99.020 Fund transfer.

Said funds shall be established in the city of Lynnwood by transfer of treasurer’s funds by check in the sum of $5,000 to the custodian herein designated and the total amount of such fund so established shall be maintained separately in the city statement of current assets. (Ord. 1967 § 1, 1993; Ord. 1845 § 1, 1991; Ord. 1735 § 2, 1989)

3.99.030 Custodian designated.

The city of Lynnwood finance director is hereby designated and appointed as custodian of said fund. The finance director shall delegate accountability for allocation of the fund to those personnel in departments determined to be authorized for the payment of expenditures. (Ord. 1735 § 3, 1989)

3.99.040 Fund administration.

Administration of said funds shall be subject to all the restrictions, limitations, requirements and other provisions of Chapter 42.26 RCW and accounting procedures as required by the Division of Municipal Corporation of the Office of the Washington State Auditor. (Ord. 1735 § 4, 1989)

3.99.100 Severability.

If any section, subsection, sentence, clause, phrase or word of this chapter should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality thereof shall not affect the validity or constitutionality of any other section, subsection, sentence, clause, phrase or word of this chapter. (Ord. 1967 § 2, 1993)