Chapter 3.35
FUNDS
Sections:
3.35.040 Surface water management fund.
3.35.050 Creation of a petty cash fund.
3.35.060 Appropriation of funds.
3.35.070 Real estate excise tax.
3.35.080 Cumulative reserve fund for general city purposes.
3.35.090 Equipment rental fund.
3.35.100 Parks and open space fund.
3.35.120 Transportation capital investment program fund.
3.35.130 Transportation impact fees fund.
3.35.145 Parks capital investment fund CIP.
3.35.165 Facilities fund No. 503.
3.35.170 Debt service fund No. 202.
3.35.010 General fund.
There is created a fund to be known as the general fund, to be used to pay the expenses and liabilities of the city not required to be paid from another fund. Separate accounts may be established for each city department or division. (Ord. 34 § 1, 1994).
3.35.020 Street fund.
There is created a fund to be known as the street fund, to account for maintenance and improvement of the city’s street and traffic systems. (Ord. 34 § 2, 1994).
3.35.030 Capital fund.
Repealed by Ord. 2005-330. (Ord. 34 § 3, 1994).
3.35.040 Surface water management fund.
There is created a fund to be known as the surface water management fund, to be used to pay for all expenses of providing surface water collection and disposal services to the city. (Ord. 34 § 4, 1994).
3.35.050 Creation of a petty cash fund.
The city treasurer is hereby authorized to establish a petty cash fund in the amount of $250.00, and a change fund in the amount of $50.00. The petty cash fund is established for the purpose of making minor authorized disbursements. The change fund is established for the purpose of making change. The city treasurer, or his or her designee, shall be the custodian of the petty cash fund. The deputy city clerk, or his or her designee, shall be the custodian of the change fund. (Ord. 97-129 § 1; Ord. 4 § 1, 1994).
3.35.060 Appropriation of funds.
The sum of $250.00 is appropriated from the city general fund for the city petty cash fund, and the sum of $50.00 is appropriated from the city general fund for the city’s change fund. The city treasurer, or his or her designee, is authorized to reimburse the petty cash fund for actual expenses incurred as contemplated in NMC 3.35.050. The deputy city clerk, or his or her designee, is authorized to make change from the change fund and at all times the balance of the change fund must remain at $50.00. Any shortages or overages to the change fund are reported to the treasurer on the daily change fund reconciliation sheet. (Ord. 97-129 § 2; Ord. 4 § 2, 1994).
3.35.070 Real estate excise tax.
A. There is created a fund to be known as the real estate excise tax capital fund No. 304, into which shall be deposited all proceeds of the real estate excise tax imposed by NMC 3.20.010. The real estate excise tax fund No. 103 is hereby repealed.
B. Revenues generated by the tax imposed by NMC 3.20.020 shall be deposited in a separate subaccount of the real estate excise tax fund. (Ord. 2013-465 § 1; Ord. 2005-330 § 1; Ord. 26 § 2, 1994; Ord. 8 § 10, 1994).
3.35.080 Cumulative reserve fund for general city purposes.
A. Cumulative Reserve Fund Renamed. The fund created in the 1995 budget ordinance called “cumulative reserve fund” shall be renamed as the “cumulative reserve fund for general city purposes.”
B. Purpose of the Cumulative Reserve Fund for General City Purposes. Any moneys in this fund shall be for capital purchases or for operating shortfalls due to unforeseen cost increases or unanticipated revenue losses and approved by a majority of the city council. (Ord. 2020-617 § 1; Ord. 63 §§ 1, 2, 1995).
3.35.090 Equipment rental fund.
There is created a fund to be known as the equipment rental fund, which shall be used for the repair or replacement of worn or obsolete equipment, and for the costs associated with operating and maintaining equipment purchased, repaired, or replaced from said fund. The fund shall be administered by the city manager or his/her designee. An annual transfer schedule will be established at the time of budget adoption and will become a part thereof. Transfers to the equipment replacement fund will be made throughout the year from applicable appropriations. All funds in the previously entitled equipment rental fund are hereby transferred to the equipment replacement fund. (Ord. 2008-382 §§ 1, 2; Ord. 2005-330 § 3).
3.35.100 Parks and open space fund.
There is created a fund to be known as the parks and open space fund, for the purpose of accounting for revenues intended or restricted for parks, open space, and related facilities. Revenues such as park fees-in-lieu, parks impact fees, the proceeds from the sale of certain real estate, donations, or other revenues that relate to the acquisition or improvement of parks and open space, or related facilities, shall be deposited in the fund. All expenditures and disbursements from such fund shall be made from time to time as authorized by the city council. The moneys in the parks and open space fund shall be used for the acquisition, construction, improvement, and repair of parks, open space and related facilities within the city. All such funds previously within the general fund are transferred to the parks and open space fund. (Ord. 2005-330 § 4).
3.35.110 Housing trust fund.
Repealed by Ord. 2013-465. (Ord. 2005-330 § 5).
3.35.120 Transportation capital investment program fund.
There is created a fund to be known as the transportation capital investment program fund No. 303 to receive both transfers from other city funds and certain grants that are to be used to fund transportation capital projects. Grant revenues are anticipated to be received in the year in which an approved capital transportation improvement project is to be undertaken. Transfers from other city funds to the transportation capital investment program fund shall occur in the year and to the amount needed for approved transportation capital investment project costs, in accord with the capital investment plan adopted annually by the city council. The previously known capital improvement project fund No. 302 created under this section is hereby renamed as set forth above. (Ord. 2013-465 § 2; Ord. 2005-330 § 6).
3.35.130 Transportation impact fees fund.
There is created a fund to be known as the transportation impact fees fund to receive traffic impact fee revenues authorized by Chapter 16.15 NMC and those received in accordance with the interlocal agreement with King County authorized by Resolution No. 94 (“the agreement”), and to provide segregated accounting and control for expenditure of moneys. Disbursements from the transportation impact fees fund shall be authorized for projects approved by city council and in accordance with statutory provisions governing the use of transportation impact fees, and also such payments that are in accord with the agreement. All such funds or appropriations previously within the “impact fees account” of the general fund are hereby transferred to the transportation impact fees fund. (Ord. 2005-330 § 7).
3.35.140 Surface water capital fund.*
Repealed by Ord. 2012-450. (Ord. 2008-401 § 1).
*Code reviser’s note: Ord. 2008-401 added this section as Section 3.35.130. It has been editorially renumbered to avoid duplication.
3.35.145 Parks capital investment fund CIP.
There is created a fund to be known as parks capital investment fund to receive both transfers from other city funds and certain grants that are to be used to fund general capital projects. Grant revenues are anticipated to be received in the year in which an approved capital improvement project is to be undertaken. Transfers from other city funds to the parks capital investment fund shall occur in the year and to the amount needed for approved capital investment parks, and facility project costs in accordance with the capital investment plan adopted annually by the city council. (Ord. 2015-510 § 1; Ord. 2013-465 § 3).
3.35.150 Historical preservation fund.
Repealed by Ord. 2016-547. (Ord. 2013-483 §§ 1 – 3).
3.35.160 Public arts fund.
Repealed by Ord. 2016-547. (Ord. 2013-484 §§ 1 – 3).
3.35.165 Facilities fund No. 503.
There is created a fund to be known as the facilities fund No. 503, into which shall be deposited general fund transfers to pay the expenses of facilities owned or leased by the city. Any revenue from said facilities shall be deposited in this fund. (Ord. 2015-510 § 2).
3.35.170 Debt service fund No. 202.
There is created a fund to be known as the debt service fund No. 202, into which shall be deposited operating transfers to pay the debt principal and interest payments of the city. (Ord. 2015-527 § 1; Ord. 2015-510 § 3).