Chapter 3.11
Funds
Sections:
3.11.020 Cumulative reserve fund.
3.11.030 Development/special fees fund.
3.11.040 Equipment rental and reserve fund.
3.11.050 Local improvement district and LID guaranty fund.
3.11.060 Capital improvement fund.
3.11.090 Stormwater utility fund.
3.11.110 Hotel/motel tax fund.
3.11.120 General obligation bond fund.
3.11.140 Drug enforcement fund.
3.11.150 Contingency reserve fund.
3.11.160 Transportation Benefit District fund.
3.11.170 Operating reserve fund.
3.11.010 General fund.
There is hereby established a fund of the City designated “general fund” for the purpose of accounting for all financial resources and expenses except those required to be accounted for in another fund. Revenue sources shall include taxes and general revenues, including but not limited to property taxes, local sales taxes, franchise fees, gambling taxes, liquor taxes, utility taxes, fines and forfeitures, license fees, permits, recreation fees, and miscellaneous other revenues that support general government operations. (Ord. 08-867 § 13).
3.11.020 Cumulative reserve fund.
(a) There is hereby established a “cumulative reserve fund for revenue stabilization” for the City of DuPont solely for the purpose of addressing temporary revenue losses due to economic cycles or other time-related causes.
(b) The monies in this fund may be allowed to accumulate from year to year until the legislative authority of the City shall determine how to expend the monies in the fund for the purpose specified. The monies in the fund shall never be expended for any purpose or purposes than those specified, without an approving vote by a two-thirds majority of the members of the legislative authority of the City.
(c) The monies deposited into this fund may come from various sources. (Ord. 14-972 § 1).
3.11.030 Development/special fees fund.
(a) There is hereby established a fund to be known as the “development/special fees fund” of the City of DuPont for the sole purpose of collecting the various development and special fee related fees and charges to include, but not limited to, such things as the mitigation or SEPA fees, fee-in-lieu-of, park and transportation impact fees, and all other like fees related to development in the City.
(b) All such payments may only be expended to fund the improvement as agreed upon by the parties to mitigate the identified, direct impact. (Ord. 08-867 § 13).
3.11.040 Equipment rental and reserve fund.
(a) There is established a fund to be known as the “equipment rental and reserve fund,” to be used for the expenditures for salaries, wages and operations required for the repair, replacement, purchase and operation of all motor vehicles and other portable equipment which the City shall decide to maintain and replace through this fund.
(b) The equipment rental and reserve fund created in this section shall be supervised by the Finance Director.
(c) All motor vehicles and other portable equipment of the various departments of the City shall be transferred to the equipment rental and reserve fund as directed by the Finance Director.
(d) The charges for the use of equipment shall be sufficient to cover the maintenance, operation and replacement of such equipment and the terms for the rental thereof shall be as determined by the Finance Director, as approved by the adoption of the budget. Such rental rates shall be reviewed and, if needed, revised to meet changing costs of maintenance, operation and replacement.
(e) There shall be kept, as directed by the Finance Director, such books, accounts and records as are necessary to control and report the financial operations of the equipment rental and reserve fund. Within the fund there shall be kept separate accounts for operation and maintenance and for a depreciation reserve account for replacement of equipment in this fund.
(f) All monies deposited in the equipment rental and reserve fund and not expended as provided in this chapter shall remain in the fund from year to year and shall not be transferred to any other fund or expended for any other purpose.
(g) If, at any time hereafter, the City Council shall abolish the equipment rental and reserve fund, then all monies on deposit therein shall revert to and be deposited in the several funds and departments participating in the fund. (Ord. 08-867 § 13; Ord. 18-1038 § 1 (Exh. A)).
3.11.050 Local improvement district and LID guaranty fund.
(a) Established. There is created in the office of the Finance Director a special fund of the City known as the “local improvement district and LID guaranty fund” and the fund shall be used solely for the purpose of facilitating the local improvement districts and maintaining the required amount of reserve, known as the LID guaranty amount, and as further approved by the City Council.
(b) Income and Obligation Uses. Income that may be paid into the fund will include annual assessments received, interest earnings, and other funds that may be appropriated by the City Council during the annual budget process. This fund will facilitate the payments of all outstanding bonds to the holder or owner of the bonds and other financial obligations including interest coupons due on the outstanding bonds.
(c) Guaranty Reserve Calculation.
(1) The guaranty reserve balance calculation shall be that amount required by each outstanding LID as determined by the LID formation ordinance.
(2) The City, as trustee of the fund, may foreclose or file a lien for the outstanding delinquent obligation of the LID assessments and, when doing so, the court costs, costs of publication, expense for clerical work and other expenses incidental thereto shall be charged to and paid from the local improvement district and LID guaranty fund.
(3) After acquiring title to property by purchase at general tax foreclosure sale or from the county after foreclosure, the City may lease it or sell it at public or private sale at such price and on such terms as may be determined by resolution of the City Council. All proceeds shall belong to and be paid into the local improvement district and guaranty fund. (Ord. 08-867 § 13).
3.11.060 Capital improvement fund.
(a) Established. There is created in the office of the Finance Director a special fund of the City known as the “capital improvement fund”; the fund shall be drawn upon solely for the purpose set forth in this section.
(b) Monies deposited into this fund by appropriation of the City Council shall only be used for capital expenditures and only as authorized by the budget of the City. Capital outlay or capital project expenditures include such costs as land, improvements to land, buildings, building improvements, vehicles, machinery, equipment, infrastructure, and all other tangible assets, and those costs related such as engineering, architectural, legal, or overhead while administering the capital acquisition or project. (Ord. 08-867 § 13; Ord. 18-1038 § 1 (Exh. A)).
3.11.070 Water utility fund.
(a) There is hereby established a fund to be known as the “water utility fund.” This fund is to be used for the purpose of providing funds for all of the costs of the planning, purchasing, leasing, condemnation or other acquisition, construction, reconstruction, development, improvement, extension, repair, maintenance, debt, or operation of the water utility. The City shall define this fund as an enterprise fund, and therefore set aside and pay into the water utility fund all revenues, fees and other money derived from or in connection with the operation of the water utility, and such money shall be used solely for the purpose of operating this utility as set forth in this section.
(b) Debt Coverage--Combination of Water, Sewer, and Stormwater Utilities. For the purpose of debt coverage calculations, the City water, sewer, and stormwater utilities shall be combined pursuant to RCW 35.67.331.
(c) City of DuPont Water, Sewer and Stormwater Utility System. The combined utility shall be known as the City of DuPont water, sewer, and stormwater utility. All improvements, extensions, betterments and additions thereto, at any time hereafter made, shall become part of the water, sewer, and stormwater utility system. (Ord. 08-867 § 13).
3.11.080 Sewer utility fund.
(a) There is hereby established a fund to be known as the “sewer utility fund.” This fund is to be used for the purpose of providing funds for all of the costs of the planning, purchasing, leasing, condemnation or other acquisition, construction, reconstruction, development, improvement, extension, repair, maintenance, debt, or operation of the sewer utility. The City shall define this fund as an enterprise fund, and therefore set aside and pay into the sewer utility fund all revenues, fees and other monies derived from or in connection with the operation of the utility, and such monies shall be used solely for the purpose of operating this utility as set forth in this section.
(b) Debt Coverage--Combination of Water, Sewer, and Stormwater Utilities. For the purpose of debt coverage calculations, the City water, sewer, and stormwater utilities shall be combined pursuant to RCW 35.67.331.
(c) City of DuPont Water, Sewer and Stormwater Utility System. The combined utility shall be known as the City of DuPont water, sewer, and stormwater utility. All improvements, extensions, betterments and additions thereto, at any time hereafter made, shall become part of the water, sewer, and stormwater utility system. (Ord. 08-867 § 13).
3.11.090 Stormwater utility fund.
(a) There is hereby established a fund to be known as the “stormwater utility fund.” This fund is to be used for the purpose of providing funds for all of the costs of the planning, purchasing, leasing, condemnation or other acquisition, construction, reconstruction, development, improvement, extension, repair, maintenance, debt, or operation of the water utility. The City shall define this fund as an enterprise fund, and therefore set aside and pay into the stormwater utility fund all revenues, fees and other monies derived from or in connection with the operation of the utility, and such money shall be used solely for the purpose of operating this utility as set forth in this section.
(b) Debt Coverage--Combination of Water, Sewer, and Stormwater Utilities. For the purpose of debt coverage calculations, the City water, sewer, and stormwater utilities shall be combined pursuant to RCW 35.67.331.
(c) City of DuPont Water, Sewer and Stormwater Utility System. The combined utility shall be known as the City of DuPont water, sewer, and stormwater utility. All improvements, extensions, betterments and additions thereto, at any time hereafter made, shall become part of the water, sewer, and stormwater utility system. (Ord. 08-867 § 13).
3.11.100 Petty cash fund.
The Finance Director is hereby authorized to establish a petty cash fund with the various departments of the City in a total amount not to exceed $3,000. This fund is established for the purpose of making minor authorized disbursements. The fund shall be administered by the Finance Director in accordance with regulations providing for such lawful administration. (Ord. 08-867 § 13).
3.11.110 Hotel/motel tax fund.
There is hereby created a special fund to be known as the “hotel/motel tax fund.” All such taxes collected herein shall be placed in such fund for the purpose of paying all or any part of the costs of acquisition, construction or operation of stadiums, convention centers, performing arts centers, visual arts center facilities or any other such facilities, or to pay or secure the payment of all or any portion of the general obligation bonds or revenue bonds issued for such purpose, or purposes provided for in Chapter 67.28 RCW, and amendments thereto, or to pay for advertising, publicizing or otherwise distributing information for the purpose of attracting visitors and encouraging tourism expansion, or for such other uses as may from time to time be authorized for such taxes pursuant to statute. (Ord. 08-867 § 13).
3.11.120 General obligation bond fund.
All monies received for the purpose of meeting the annual obligation of either any unlimited tax general obligation (UTGO) or limited tax general obligation (LTGO) shall be deposited into this fund and then payments of all outstanding bonds to the holder or owner of the bond and other financial obligations including interest coupons due on the outstanding bonds shall be paid from this fund. (Ord. 08-867 § 13).
3.11.130 Donations fund.
(a) Purpose. This special revenue fund is established to receive donations of cash designated for specific purposes identified by the donor. The purpose of this fund is to provide for deposit and financial administration, including project accounting, of monetary donations to the City and expenditure thereof. The donations fund is only to be used for donations which have a specified purpose. Donations and gifts which the City receives that are not to be expended in any specified manner may be deposited into the general fund’s private contributions revenue account.
(b) Revenue Sources. Cash contributions from various sources. Investment earnings shall be placed in the general fund.
(c) Fund Administration and Procedures. The City Administrator or his or her designee is hereby authorized to accept on behalf of the City all monetary donations and gifts to the City. The City Administrator may decline to accept a donation or gift if such donation or gift is not consistent with the policies, plans, goals or ordinances of the City or if acceptance of same is contrary to law. All donations and gifts accepted by the City shall be deposited in the fund and assigned to an appropriate project within the fund or, if necessary, a new project shall be established within the fund by the Finance Director or his or her designee. (Ord. 08-867 § 13).
3.11.140 Drug enforcement fund.
(a) There is hereby established a fund to be known as the “drug enforcement fund” into which all monies and proceeds from the sale of property seized during drug investigations and forfeited pursuant to RCW 69.50.505 and all other applicable state and federal laws shall be deposited after amounts are deducted in accordance with state and federal laws.
(b) Expenditures from said fund shall be made only for drug enforcement and drug awareness educational purposes, including the purchase, lease and maintenance of equipment and other items necessary for drug enforcement by the DuPont Police Department. Any unexpended funds remaining in the drug enforcement fund at the end of any budget year shall not be transferred to the general fund or otherwise lapse; rather, the unexpended funds shall be carried forward from year to year until expended for the purposes set forth in this section or as otherwise directed by ordinance of the City Council. (Ord. 08-867 § 13).
3.11.150 Contingency reserve fund.
(a) There is hereby created a contingency reserve fund to provide moneys to meet any municipal expense, the necessity of which could not have been foreseen or reasonably evaluated at the time of adopting the budget.
(b) This fund shall be financed by any tax or other revenue source not restricted by law.
(c) The total amount accumulated in this fund at any time shall not exceed the equivalent of statutory maximum of $0.375 per $1,000 of assessed valuation. (Ord. 14-972 § 2; Ord. 18-1038 § 1 (Exh. A)).
3.11.160 Transportation Benefit District fund.
There is hereby established a fund to be known as the “Transportation Benefit District fund” into which all monies received from the vehicle license fee, and any other fees, charges or taxes levied by the DuPont Transportation Benefit District for the preservation, maintenance and operation of City transportation infrastructure, shall be deposited. Expenditures from this fund shall be made only for authorized DuPont Transportation Benefit District purposes. (Ord. 13-951 § 1).
3.11.170 Operating reserve fund.
(a) There is hereby created an operating reserve fund to provide moneys to meet any one time municipal expense.
(b) This fund shall be financed by any tax or other revenue source not restricted by law.
(c) Any expenditure from this reserve fund must be pre-approved by Council. (Ord. 15-994 § 1).