Chapter 3.16
EQUIPMENT RENTAL FUND
Sections:
3.16.040 Books, accounts and records.
3.16.060 Disposition of moneys not expended.
3.16.070 Action upon abolishment of fund.
3.16.010 Created – Purpose.
There is created and established a special fund to be known and designated as the “equipment rental fund,” to be used as a revolving fund to be expended for salaries, wages and operations required for the repair, replacement, purchase and operation of equipment, and for the purchase of equipment, materials and supplies to be used in the administration and operation of said fund. (1964 code § 1.48.010).
3.16.020 Administration.
The equipment rental fund created in this chapter shall be under the direction of the city treasurer. (1964 code § 1.48.020).
3.16.030 Schedule of charges.
All motor vehicles and other equipment of various divisions and departments of the city, as described in Schedule 1, shall be transferred to the equipment rental fund without charge as of January 1, 1975. The charges for the rental 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 on an annual, monthly, daily or hourly basis as determined by the city treasurer. A schedule of such charges shall be prepared by the city treasurer, subject to approval by the city council. Such rental rates shall be reviewed and, if need be, revised periodically to meet changing costs of repair, replacement, purchase and operation. (1964 code § 1.48.030).
3.16.040 Books, accounts and records.
There shall be kept, by those directed by the city treasurer, such books, accounts and records as are necessary to control and report the financial operations of the equipment rental fund in accordance with RCW 35.37.010 and the Budgeting, Accounting, Reporting System for Counties, Cities and Other Local Governments. (1964 code § 1.48.040).
3.16.050 Transfer of funds.
There shall be transferred from the various funds of the city, as described in Schedule 2, money in an amount equal to the value of accumulated depreciation of the initial equipment purchased by the funds, as an immediate reserve for replacement. (1964 code § 1.48.050).
3.16.060 Disposition of moneys not expended.
All moneys deposited in this equipment rental fund and not expended as provided herein shall remain in the fund from year to year and shall not be transferred to any other purpose whatsoever, except as provided in this chapter; provided, however, that any moneys in the fund not needed therein may from time to time be transferred by appropriate action of the city council on a loan basis to another fund. (1964 code § 1.48.060).
3.16.070 Action upon abolishment of fund.
If, at any time after the adoption of the ordinance codified in this chapter, the city council abolishes the equipment rental fund, then all moneys on deposit therein, and all equipment therein, shall revert to the several funds and departments participating in the equipment rental fund. (1964 code § 1.48.070).