Chapter 3.42
EQUIPMENT REPLACEMENT FUND
Sections:
3.42.010 Fund established.
There is hereby created an internal service fund to be known as the “equipment replacement fund” as prescribed by the Washington State Auditor’s Office in RCW 43.09.200. (Ord. C-880 § 2, 2016)
3.42.020 Source of funds.
Moneys to be deposited into this fund include any federal and state grants, City matching funds, donations and contributions from other sources, and any other legally available funds to be used for equipment replacement. Interest earnings on moneys invested from this fund shall be deposited into such fund. (Ord. C-880 § 3, 2016)
3.42.030 Use of funds.
The moneys in the fund shall only be used for equipment purchases and replacement as authorized by the City Council. Any federal or state grant funds received shall be expended in accordance with their grant terms and conditions. (Ord. C-880 § 4, 2016)