Chapter 3.12
CUMULATIVE RESERVE FUNDS

Sections:

3.12.010    Light fund established – Transfer of funds.

3.12.020    Water fund established – Transfer of funds.

3.12.030    Citywide fund established – Transfer of funds.

3.12.010 Light fund established – Transfer of funds.

A cumulative reserve fund – light shall be established pursuant to RCW 35.21.070 for the general use and purposes of the light department, and the moneys presently in the light sinking fund or now invested from said fund in the investment control fund are transferred to the cumulative reserve fund – light. (Ord. 299 § 1, 1962).

3.12.020 Water fund established – Transfer of funds.

A cumulative reserve fund – water shall be established pursuant to RCW 35.21.070 for the general use and purposes of the water department, and the moneys presently in the water sinking fund or now invested from said fund in the investment control fund are transferred to the cumulative reserve fund – water. (Ord. 299 § 2, 1962).

3.12.030 Citywide fund established – Transfer of funds.

A citywide cumulative reserve fund No. 104 is hereby established for general municipal purposes within the current expense, city street and park funds and will receive the remaining cash, investments and accrued interest from the light fund No. 401. (Ord. 643 § 1, 2004).