Chapter 3.68
EQUIPMENT REPLACEMENT RESERVE FUND
Sections:
3.68.010 Establishment.
A. There is established and created a revolving fund to be known as the “equipment replacement reserve fund” pursuant to RCW 35.21.088 for the purpose of accumulating funds for equipment purchases. The city council may determine from time to time what moneys shall be placed and kept in the revolving fund.
B. The portion of rental fees pertaining to depreciation shall be placed into the fund together with new equipment contributions for the purpose of purchasing equipment. (Ord. 1451 § 1 (Exh. A), 2021; Ord. 492 §§ 1, 2, 1985)