Chapter 3.32 MISCELLANEOUS FUNDS

There is created a fund to be known as the "Larrick Building fund of 1964," into which shall be placed all funds and revenues appropriated or allocated to the same, as well as all other moneys or property which may be made available to the town for such purposes from all sources, including grants from the federal government, the state, or from any person or persons or organizations, and especially all funds accruing in the nature of rents, issues and profits, in any manner derived from the structure known as the Larrick Building, whether by rental or otherwise acquired. (Ord. A-273 §1, 1964)

3.32.050 Larrick Building fund--Uses designated.

The Larrick Building fund of 1964 shall be used for capital outlay and improvements, salaries and wages, maintenance and operation of the structure known as the Larrick Building, together with the upkeep, improvements and maintenance of the institution known as the Wilbur Swimming Pool, together with and inclusive of all such areas as now or in the future may be designated as Wilbur City Park and recreation grounds, and for the construction, upkeep, maintenance and improvements of any and all additional structures in connection therewith, by the town council deemed appropriate. (Ord. A-273 §2, 1964)

3.32.060 Larrick Building fund--Purpose.

The following described additions, betterments and improvements to the existing Larrick Building are essential for the purpose of maintaining the same in a suitable condition whereby to render the same useable for the purposes for which the building is adapted and occupied are proposed, specified and adopted: the repairs, remodeling and construction of certain of the exterior and interior portions of the building, together with the necessary engineering expenses pertinent thereto. (Ord. A-273 §3, 1964)

3.32.070 Larrick Building fund--Warrant issuance authority.

The town is authorized to sell and to issue its coupon warrants as described in this chapter in the principal sum of not in excess of twelve thousand dollars, which warrants shall bear interest at the rate of four percent payable semiannually, after date, to pay the cost of the improvements and betterments to the building structure, including all exterior and interior improvements and construction work, together with the necessary engineering expenses pertinent thereto; that the warrants and interest shall not constitute an indebtedness of the town, but shall be payable and paid solely out of and from a fixed amount of the earnings and revenues of the Larrick Building fund, and which warrants shall state upon their face that they are payable out of the fund, created under the ordinance codified in this chapter, naming the ordinance by number. Such revenues and earnings from the Larrick Building structure shall be paid into a special warrant fund which is created and ordered to be established in the office of the treasurer of the town, which special warrant fund shall be named, described as and known as the “special Larrick Building warrant fund of 1964." (Ord. A-273 §5, 1964)

3.32.080 Larrick Building fund--Declaration of sufficiency.

The gross revenues to be derived from the rentals of the building is estimated to be sufficient to meet all expenses of operation and maintenance and to permit the setting aside of a fixed amount of such revenue without regard to any fixed portion thereof, sufficient to pay the interest upon the warrants to be issued as herein provided, and to pay and redeem the principal thereof at maturity. (Ord. A-273 §6, 1964)

3.32.090 Larrick Building fund--Warrant issuance procedures.

The town does propose and adopt as a declared part of the plan for the purpose described in this chapter, that it shall issue its Larrick Building revenue coupon warrants in the sum of twelve thousand dollars, and which warrants shall be in the denomination of five hundred dollars each, numbered from one to twenty-four, inclusive, and to be dated as to the date of issue and to bear interest at the rate of not to exceed four percent per annum, payable semiannually on the first day of January and July of each year, and to mature serially in the order of their number and not later than twenty years subsequent to the date of issuance there of. The town reserves the right to redeem any and all of the unmatured warrants of this issue on any interest-bearing date. (Ord. A-273 §7, 1964)

3.32.100 Larrick Building fund--Pledge of revenues.

Sufficient of the gross revenues to be derived to the credit of the fund are pledged to the payment of interest and principal on the warrants herein authorized. (Ord. A-273 §8, 1964)

3.32.110 Larrick Building fund--Restriction on warrant priority.

None of the warrants herein authorized shall be entitled to priority over the others in the application of the revenue pledged in this chapter to the payment of the principal and interest. (Ord. A-273 §9, 1964)

3.32.120 Larrick Building fund--Payment of warrants when due.

The town is directed to make payment of the warrants as the same may become due from the moneys in the special Larrick Building fund of 1964, and from no other source. (Ord. A-273 §10, 1964)

3.32.130 Larrick Building fund--Revenue from rentals.

The town will fix and maintain and collect rentals for the facilities and services afforded by the building structure which will provide revenue sufficient at all times:

A. To pay all the costs of repairs, upkeep and maintenance of the building structure;

B. To pay the interest on and principal of such warrants;

C. To establish a reserve therefor as herein provided;

D. To pay the interest on and the principal of all other obligations of the building structure, if any, payable from or being a lien upon the revenues to be derived from the building. (Ord. A-273 §11, 1964)

3.32.140 Larrick Building fund--Premises maintenance.

The town will maintain building in good condition appropriate for operating the business for which the premises are rented, and will keep proper books of records and accounts. (Ord. A-273 §12, 1964)

3.32.150 Ambulance fund--Financing.

There shall be placed in the ambulance fund, created by the 1971 budget, all funds and revenues appropriated or allocated to the same, as well as all other moneys or property which may be made available to the town for such purposes from all sources, including grants from the federal government, the state, or from any person or persons or organizations, and especially all funds accruing in the nature of rents, issues and profits, in any manner derived from the ambulance fund, whether by rental or otherwise acquired. (Ord. 19-B §1, 1971)

3.32.160 Ambulance fund--Use.

The ambulance fund of 1971 shall be used for capital outlay and improvements, salaries and wages, maintenance and operation of the fund known as the ambulance fund, together with its upkeep, improvements and maintenance. (Ord. 19-B §2, 1971)

3.32.170 Ambulance fund--Warrant authorization.

The town is authorized to sell and to issue its warrants as described in this chapter in the principal sum of not in excess of twelve thousand dollars which warrants shall bear interest at the rate of four percent payable after date, to pay the cost of the improvements. The warrants and interest shall not constitute an indebtedness of the town, but shall be payable and paid solely out of and from a fixed amount of the earnings and revenues of the ambulance fund, and the excess tax levy passed for twelve thousand dollars in 1970 but not due until 1972. The warrants shall state upon their face that they are payable out of the fund, created under the ordinance codified in this chapter, naming the ordinance by number. The revenues and earnings from the ambulance fund shall be paid into a special warrant fund which is created and ordered to be established in the office of the treasurer of the town, which special warrant fund shall be named, described as and known as the “special ambulance warrant fund of 1971." (Ord. 19-B §4, 1971)

3.32.180 Ambulance fund--Declaration of sufficiency.

The gross revenues to be derived from the rentals and profits of the ambulance is estimated to be sufficient to meet all expenses of operation and maintenance and to permit the setting aside of an amount of such revenue without regard to any fixed portion thereof, sufficient to pay the interest upon the warrants to be issued as herein provided, and to pay and redeem the principal thereof at maturity. (Ord. 19-B §5, 1971)

3.32.190 Ambulance fund--Warrant issuance procedures.

The town does propose and adopt as a declared part of the plan for the purpose described in this chapter that it shall issue its ambulance fund warrants in the sum of twelve thousand dollars, and which warrants shall be in the denomination of one thousand dollars each, numbered from one to twelve, inclusive, and to be dated as to the date of issue, and to bear interest at the rate of not to exceed four percent per annum, and to mature serially in the order of their number and not later than two years subsequent to the date of issuance thereof. The town reserves the right to redeem any and all of the unmatured warrants of this issue within such period. (Ord. 19-B §6, 1971)

3.32.200 Ambulance fund--Pledge or revenues.

Sufficient of the gross revenues to be derived to the credit of the fund are pledged to the payment of interest and principal on the warrants herein authorized. (Ord. 19-B §7, 1971)

3.32.210 Ambulance fund--Restriction on warrant priority.

3.32.220 Ambulance fund--Payment of warrants when due.

The town is directed to make payment of such warrants as the same may become due from the moneys in such special ambulance fund of 1971, and from no other source. (Ord. 19-B §9, 1971)

3.32.230 Ambulance fund--Revenue from rentals.

The town will fix and maintain and collect rentals together with the authorized excess tax levy for the facilities and services afforded by the ambulance fund which will provide revenue sufficient at all times:

A. To pay all the costs of repairs, upkeep and maintenance of such ambulance;

B. To pay the interest on and principal of such warrants;

C. To establish a reserve therefor as herein provided;

D. To pay the interest on and the principal of all other obligations of the ambulance fund, if any, payable from or being a lien upon the revenues to be derived from such ambulance. (Ord. 19-B §10, 1971)

3.32.240 Ambulance fund--Vehicle and records maintenance.

The town will maintain the ambulance in good condition appropriate for operating the business, and will keep proper books of records and accounts. (Ord. 19-B §11, 1971)

3.32.280 Museum fund--Establishment.

There is created a fund to be known as the "museum fund." (Ord. 69-B §1, 1977)

3.32.290 Museum fund--Financing.

The museum fund shall be credited with all monetary gifts contributed to the town and any other funds that may from time to time be authorized to be placed there. (Ord. 69-B §2, 1977)

3.32.300 Museum fund--Uses designated.

The museum fund shall be used exclusively for the construction, improvement, repair and current operating expenses of the town of Wilbur museum, and all expenditures from such fund shall be made in accordance with the provisions of the laws of the state. (Ord. 69-B §3, 1977)

3.32.310 Museum trust fund.

There shall be set aside fifty thousand dollars of the museum fund in a museum trust fund to be invested to draw interest from the investments as allowed by state law. (Ord. 176-B §2, 1986: Ord. 69-B §4, 1977)

3.32.320 Landfill cumulative reserve fund--Establishment--Financing.

There is created a fund known as the "landfill cumulative reserve fund," into which shall be placed fifty cents per month per account. (Ord. 546 §2(part), 2012: Ord. 121-B §1, 1981)

3.32.330 Landfill cumulative reserve fund--Uses designated.

The cumulative reserve fund shall be used for the purpose of operating and/or replacement of a sanitary landfill. Such funds may be invested by the investment committee and the interest shall accumulate for the benefit of such fund. (Ord. 546 §2(part), 2012: Ord. 121-B §2, 1981)

3.32.335 Landfill closure fund.

A. There is created a fund known as the "landfill closure fund" into which shall be placed the amount as set by budget for that year from the current expense fund.

B. The closure fund shall be used for the purpose of matching funds for grants for the purchase of closure of the Northwest Lincoln County Landfill as directed by the town council by motion and order. (Ord. 546 §2(part), 2012: Ord. 233 §§1, 2, 1990)

3.32.340 Extraordinary expense reserve fund--Establishment‑‑Financing.

There is created a fund known as the "extraordinary expense reserve fund," into which shall be placed one dollar per month from each garbage account collected by the town. (Ord. 124-B §1, 1982)

3.32.350 Extraordinary expense reserve fund--Purpose.

The extraordinary expense reserve fund shall be used for the purpose of paying extraordinary expenses of the town as decided and directed by the council from time to time by motion and order. (Ord. 124-B §2, 1982)

3.32.360 Cemetery trust funds.

There shall be set aside in the cemetery (nonexpendable) trust fund and the cemetery (expendable) trust fund moneys that have been given to the town. These funds shall be invested to draw interest from the investments as allowed by state law. The moneys in the cemetery (expendable) trust fund shall be expended as the donor or executor of the will desires. (Ord. 177-B §1, 1986)

3.32.370 Current expense replacement fund--Establishment.

There is created a fund known as the current expense replacement fund, into which shall be placed the amount as set by budget for that year. (Ord. 190-B §l, 1987)

3.32.380 Current expense replacement fund--Use.

The replacement fund shall be used for the purpose of replacement or purchase of new equipment for the City Hall, clerk’s office, police department, or any other current expense use for the town as decided and directed by the council by motion and order. (Ord. 190-B §2, 1987)

3.32.390 Water fund.

There is created a water fund, number 401. The fund will be used for the purpose of receiving moneys and paying expenses for the water system. (Ord. 201-B, 1989: Ord. 191-B §1, 1987)

3.32.395 Water reserve fund.

There is created a water reserve fund, number 403. The fund will be used for the purpose of receiving moneys and paying expenses for the water system. (Ord. 230 §§l, 2, 1990)

3.32.400 Sewer fund.

There is created a sewer fund, number 411. The fund will be used for the purpose of receiving moneys and paying expenses for the sewer system. (Ord. 202-B, 1989: Ord. 191-B §2, 1987)

3.32.405 Sewer reserve fund.

There is created a sewer reserve fund, number 412. The fund will be used for the purpose of receiving moneys and paying expenses for the sewer system. (Ord. 231 §§1, 2, 1990)

3.32.410 Tourism fund--Establishment.

There is created a fund known as the tourism fund, which is a special revenue fund and will be Fund 104. (Ord. 197-B §1, 1988)

3.32.420 Tourism fund--Financing.

Revenues for Fund 104 will be collected as per Ordinance 152-B, codified as Chapter 3.08, the levying of a special excise tax of two percent which was passed on December of 1984. (Ord. 197-B §2, 1988)

3.32.430 Tourism fund--Use.

These funds are to be spent according to RCW 67.28 as listed in Chapter 3.08. (Ord. 197-B §3, 1988)

3.32.440 Claims clearing fund.

A. There is created a fund, known and designated as the claims clearing fund, into which shall be paid and transferred from the various departments an amount of money equal to the various claims against the town for any purpose.

B. Transfer of Funds. Whenever it is deemed necessary, the town clerk is authorized, empowered and directed to transfer from the funds of the various departments to the claims clearing fund sufficient moneys to pay the claims against the various departments of the town.

C. Purpose of Expenditures. The claims clearing fund shall be used and payments therefrom shall be made only for the purpose of paying any claims against the town.

D. Issuance of Warrants. The town clerk is authorized, empowered and directed to issue warrants on and against the fund in payment of materials furnished, services rendered and expense or liability incurred by the various departments and offices of the town. The warrant shall be issued only after there has been filed with the town clerk proper vouchers, approved by the town council, stating the nature of the claim, the amount due or owing and the person, firm or corporation entitled thereto. All warrants issued on or against the fund shall be solely and only for the purposes herein set forth and shall be payable only out of and from the fund. Each warrant issued under the provisions of this section shall have on its face the words, “claims clearing fund.” (Ord. 246 §§l--4, 1991)

3.32.450 Swimming pool reserve fund.

A. There is created a fund known as the swimming pool reserve fund, into which shall be placed the amount as set by budget for that year from the swimming pool fund, plus any donations made to the swimming pool reserve fund.

B. The reserve fund shall be used for the purpose of matching funds for grants or for the purchase of equipment or repair for the swimming pool as directed by the town council by motion and order. (Ord. 232 §§1, 2, 1990)

3.32.460 Capital projects fund.

A. There is created a fund known as the capital projects fund, into which shall be placed the amount as set by budget for that year.

B. Said capital projects fund shall be used for the purpose of engineering, construction and purchase of equipment or property as needed for the capital projects. (Ord. 274 §§l, 2, 1993)

3.32.480 Hesseltine Library building fund.

A. There is created a fund known as the Hesseltine Library building fund, Fund No. 305, into which shall be placed any grants, private donations or public funds designated towards a larger library facility.

B. Such reserve fund shall be used for the purpose of matching funds for grants or in the construction/purchase of a larger library facility.

C. Should the project prove unattainable, identifiable donations may be returned upon request to private donors. All other donations given through fundraisers will be placed in the general library fund, Fund No. 103. (Ord. 313 §§l--3, 1997)

3.32.490 Petty cash fund.

A. Clerk’s Office. There is hereby established a petty cash fund in the amount not to exceed one hundred dollars. The cash in the account shall be maintained by the clerk/treasurer or designee. The account shall be replenished upon approval of vouchers by the town council in accordance with usual policy and procedure.

B. Library. There is hereby established a petty cash fund in the amount not to exceed twenty-five dollars. The cash in the account shall be maintained by the librarian or designee. The account shall be replenished upon approval of vouchers by the town council in accordance with usual policy and procedure.

C. Police Department. There is hereby established a petty cash fund in the amount not to exceed one hundred twenty-five dollars. The cash in the account shall be maintained by the police chief or designee. The account shall be replenished upon approval of vouchers by the town council in accordance with usual policy and procedure. (Ord. 526 §1 (part), 2011: Ord. 436 §1, 2005; Ord. 390 §1, 2002: Ord. 388 §1, 2002)

3.32.500 Library cash fund.

There is hereby established a cash fund in the amount not to exceed twenty dollars. The cash in the account shall be maintained by the librarian or designee. The account shall be maintained and any amount in excess of twenty dollars is to be receipted by the town’s clerk-treasurer or designee on a monthly basis in accordance with usual policy and procedure. (Ord. 526 §1 (part), 2011: Ord. 414 §1, 2003)

3.32.510 Airport capital improvement fund.

A. There is hereby established a special revenue fund entitled "airport capital improvement" for the purpose of receipting and expending funds.

B. Said airport capital improvement fund shall be used for the purpose of engineering, construction and purchase of equipment or property as needed for the airport.

C. There shall be placed into the fund moneys derived from sources such as grants, loans, transfers, accrued interest and any other moneys for the airport projects. (Ord. 415 §§1, 2, 3, 2003)

3.32.520 Airport fund.

A. There is hereby established a fund entitled "airport" for the purpose of receipting and expending funds.

B. Said airport fund shall be used for the purpose of paying for the operation, maintenance and improvements as needed of the airport.

C. There shall be placed into the fund moneys derived from sources such as lease payments, landing fees, insurance reimbursements, donations, transfers, accrued interest and any other moneys for the airport. (Ord. 430 §§1, 2, 3, 2004)

3.32.530 Floodplain mitigation account.

A. There is hereby created and established a fund to be known as the Goose Creek floodplain hazard mitigation account.

B. The town clerk/treasurer is directed to deposit fifty percent of the town’s accumulated real estate excise tax funds as of December 31, 2011, into the Goose Creek floodplain hazard mitigation account.

C. The town clerk/treasurer is directed to deposit fifty percent of the total real estate excise tax funds received annually by the town into the Goose Creek floodplain hazard mitigation account, beginning in January, 2012, and continuing through December, 2036.

D. The Goose Creek floodplain hazard mitigation account shall be used to fund the capital improvements necessary to implement the town’s floodplain hazard mitigation plan.

E. Upon the affirmative vote of a majority of the town council, funds may be borrowed from the Goose Creek floodplain hazard mitigation account to be used to fund other expenditures permitted by the laws of the state of Washington regulating real estate excise tax, as now adopted or as hereafter amended; provided, that such funds will be repaid, with interest at a rate that assures that the Goose Creek floodplain hazard mitigation account is placed in the same position as it would have been had the funds not been borrowed; and provided further, that said funds will be repaid in a timely manner, coordinated with the timeline for the floodplain mitigation project, to assure that the funds are available when needed for the floodplain mitigation project.

F. The Goose Creek floodplain hazard mitigation account shall be managed and maintained in compliance with the provisions of the laws of the state of Washington regulating real estate excise tax, as now adopted or as hereafter amended.

G. In the event that the town completes the town’s floodplain hazard mitigation plan prior to December, 2036, and there are no other floodplain hazard mitigation projects eligible for funding through real estate excise tax, the Goose Creek floodplain hazard mitigation account shall be closed and any remaining funds therein shall be deposited in the town’s real estate excise tax account. (Ord. 525 §§1--7, 2011)

3.32.540 Wheeled sports park fund.

There is hereby created and established a fund to be known as the wheeled sports park fund account number 150. All donations, grant funds and any appropriations by the town or any other governmental agency for the wheeled sports park shall be deposited into this fund. The monies deposited in this fund shall be expended for the sole purpose of the wheeled sports park. (Ord. 548 §1, 2013)