Chapter 3.04 FUNDS

* Code reviser’s note: Ordinance 3250 repealed and reenacted this chapter. Prior to its repeal and reenactment, the chapter was based on the provisions of Ords. 417, 1571, 1701, 1706, 1712, 1896, 1933, 2016, 2112, 2345, 2723, 2806, 2889, 3101, 3102, 3146, 3217 and 3218.

3.04.010 General fund.

The general fund is used to account for all financial transactions not specifically accounted for in another fund. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.020 Drug enforcement and education fund.

The drug enforcement and education fund is used to record the proceeds of forfeiture actions per RCW 69.50.505 as amended. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.035 American Rescue Plan Act fund.

The American Rescue Plan Act fund is established to account for the revenues and expenditure of American Rescue Plan Act funds. (Ord. 3295 § 1, 2022).

3.04.030 Contingency fund.

The contingency fund will be used for a city council contingency reserve fund in accordance with RCW 35A.33.145. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.040 Street operations fund.

The street operations fund is a special revenue fund used to record the transactions related to the operation and maintenance of city streets. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.050 Library fund.

The library fund is a special revenue fund established for the purpose of receiving designated revenues to fund the operation of library services. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.060 Real estate excise tax fund.

The real estate excise tax fund is a special revenue fund for the purpose of receiving revenues and tracking expenditures related to real estate excise tax collection and expenditures. The fund shall maintain separate accounts for the tax collected as prescribed in RCW 82.46.010 (“REET 1”) and as prescribed in RCW 82.46.060 (“REET 2”). (Ord. 3250 § 2 (Exh. B), 2020).

3.04.070 Lodging tax fund.

The lodging tax fund is a special revenue fund established for the purpose of receiving designated revenues which may be used to fund tourism related activities and infrastructure. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.075 Fire and EMS fund.

The fire and EMS (emergency medical service) fund is a special revenue fund established to record fire and EMS property tax levies and payment for fire services for the city of Port Townsend. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.080 Affordable housing trust fund.

The affordable housing trust fund is a special revenue fund established for the purpose of receiving revenues for the operation of housing services and programs. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.090 Community development block grant fund.

The community development block grant fund is a special revenue fund established for the purpose of recording transactions related to administering the community development block grant loan program. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.100 Community services fund.

The community services fund is a fund established for the operations of community services programs, including city parks and recreation programs and the operation and maintenance of city facilities. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.110 General obligation debt service fund.

The debt service fund is established to record revenues committed or assigned to pay debt service principal and interest expenditures. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.120 General CIP projects fund.

The general CIP (capital improvement program) projects fund is established to record capital project revenues and expenditures. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.130 Street vacation proceeds fund.

The street vacation proceeds fund is established to record revenues received from street vacation transactions. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.140 Street CIP projects fund.

The street CIP projects fund is established to record street and sidewalk capital project revenues and expenditures. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.150 Bond proceeds fund – General obligation.

The bond proceeds fund is established to record bond funds received by the city and transfers to eligible projects. The finance director will establish additional bond managerial funds to manage each separate bond issuance. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.200 Water sewer operations fund.

The water sewer operations fund is established as an enterprise fund used for the operations and general maintenance of the water system and sewage system for the city. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.210 Water sewer CIP projects fund.

The water sewer CIP project fund will be used to record revenues and expenses connected with, incident to or pertaining to the preparation of plans and specifications, the construction, repair of a general water system and sewage system for the city. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.220 OGWS transmission line fund.

The OGWS (Olympic Gravity Water System) transmission line fund is established for the operations and general maintenance of the OGWS, and to set aside funds for the repair and replacement of the OGWS transmission line. (Ord. 3285 § 1, 2022; Ord. 3250 § 2 (Exh. B), 2020).

3.04.230 Utility debt reserve fund.

The utility debt reserve fund is used to record transfers from operating funds to record debt service payments. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.240 System development charge fund.

The system development charge fund is used to record development fees associated with the expansion of the water and sewer system and transfers to fund eligible projects. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.250 Stormwater operations fund.

The stormwater operations fund is an enterprise fund established to record stormwater revenues and operating and maintenance expenses of the stormwater utility. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.260 Stormwater CIP projects fund.

The stormwater CIP projects fund will be used to record the revenues and expenses connected with, incident to, or pertaining to the preparation of plans and specifications, acquisition of real and personal property, and the construction, repair, and maintenance of the stormwater system for the city. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.270 Golf course fund.

The golf course fund is an enterprise fund established to record golf course operating revenues and expenditures. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.300 Public works administration fund.

The public works administration fund is an internal service fund established for the purpose of receiving revenues for the operation of public works administration. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.310 Engineering services fund.

The engineering services fund is an internal services fund established for the purpose of receiving revenues for the operation of public works engineering. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.320 Unemployment self-insurance fund.

The unemployment self-insurance fund is an internal service fund established for the purpose of tracking costs related to self-insured unemployment obligations. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.340 Fleet replacement fund.

The fleet replacement fund is an internal service fund established to fund replacement of certain city vehicles and major wheeled equipment. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.350 Fleet equipment operations and maintenance fund.

The fleet equipment operations and maintenance fund is an internal service fund established to record the operating and maintenance activities related to the city fleet. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.360 Information services equipment operations and maintenance fund.

The information services equipment operations and maintenance fund is an internal service fund established to record the operating and maintenance activities related to information technology equipment and services. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.370 Information services equipment replacement fund.

The information services equipment replacement fund is established to fund replacement of information technology equipment. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.380 Custodial fund.

The custodial fund is used to record funds received by the city that must be remitted to another entity. The custodial fund serves as a pass-through fund for these transactions. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.390 Firemen’s pension fund.

The firemen’s pension fund is used to fund fire service retirees’ pension and medical benefits in accordance with Chapter 41.26 RCW. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.400 Memorial fund.

The memorial fund is a fund established to hold donations made to the city. Pursuant to RCW 35.21.100, the city is hereby authorized to accept any money or property donated, devised, or bequeathed to it and to carry out the terms of the donation, devise, or bequest if within the powers granted by law. If no terms or conditions are attached to the donation, devise, or bequest, the city may expend or use the same for any municipal purpose. Acceptance of any donation, devise, or bequest by the city shall be by resolution of the city council. Funds coming into the memorial fund will be accepted and managed in accord with any conditions and terms imposed by the donor in making the gift. (Ord. 3250 § 2 (Exh. B), 2020).

3.04.410 Refundable deposits fund.

The refundable deposits fund is a fund established for funds received by the city that are required to be repaid or refunded to another party. (Ord. 3250 § 2 (Exh. B), 2020).