Chapter 3.28
DONATIONS
Sections:
3.28.020 Acceptance of donations.
3.28.010 Definition.
As used in this chapter, the term “donation” refers to any money or property, real or personal, donated, devised or bequeathed, with or without restriction, to the town of Yarrow Point. (Ord. 616 § 1, 2010)
3.28.020 Acceptance of donations.
A. Monetary Donations. The mayor with the concurrence of the town council is authorized to accept monetary donations to the town, and to carry out the terms of the donation, devise, or bequest, if the purposes and conditions of the donation are within the powers granted by law to the town and are consistent with the town’s policies, plans, goals or ordinances. If a monetary donation is not expended within five years after such donation is made, and the donation amount is not sufficient to carry out the purpose of the donation, the donation will be deposited into the town’s general fund and used for maintenance or improvement of town rights-of-way, pathways, open space and parks. If the donation is in excess of the cost of the purpose of the donation, the excess funds will be refunded to the donor. If no purpose is specified or no terms or conditions are attached to a donation, devise or bequest, the town may expend or use the same for any capital improvement project.
B. Nonmonetary Donations. The mayor is authorized to determine the appropriateness, usefulness and value to the town of all nonmonetary donations and to recommend to the town council the retention, improvement, return to donor, transfer, trade, sale, donation to other agency or other disposition.
C. Nonacceptance of Donation. The town council may decline to accept a monetary or nonmonetary donation if such donation is not consistent with the policies, plans, goals or ordinances of the town of Yarrow Point or if the acceptance of same is contrary to law. (Ord. 616 § 2, 2010)
3.28.030 Fund established.
There is hereby established Fund No. 650, to be called the charitable donations fund. All monetary donations or proceeds from the sale of nonmonetary donations shall be deposited into this fund. The clerk/treasurer is authorized and directed to establish such accounting procedures as may be necessary to carry out the terms and conditions of any donation, devise or bequest, in accordance with the laws of the state of Washington and requirements of the Office of the State Auditor. (Ord. 616 § 3, 2010)