Chapter 3.48
WATER AND SEWER FUNDS
Sections:
3.48.010 Creation of separate revenue funds within combined utility fund.
3.48.020 Creation of separate general facility (construction) funds within combined utility fund.
3.48.030 Water replacement reserve fund within combined utility fund.
3.48.040 Sewer replacement reserve fund within combined utility fund.
3.48.010 Creation of separate revenue funds within combined utility fund.
Within the combined utility fund created in the office of the city administrative services director under SMC 3.50.010, there are two special subfunds of the city to be known as the water revenue subfund and the sewer revenue subfund, into which is paid all the earnings, revenue, and moneys derived from the operation and ownership of the water system and sewerage system, respectively, and out of which is paid the costs of maintenance and operation of the water system and sewerage system, respectively. (Ord. 2022-007 § 4 (Exh. B); Ord. 2014-022 § 9; Ord. 2009-036 § 1; Ord. 2009-035; Ord. 444 § 2, 1983)
3.48.020 Creation of separate general facility (construction) funds within combined utility fund.
Within the combined utility fund created in the office of the city administrative services director under SMC 3.50.010, there are two special subfunds of the city to be known as the water general facility subfund and the sewer general facility subfund, into and out of which is paid moneys for the acquisition, construction and installation of additions and betterments to and extensions of the water system and sewerage system, respectively, and costs and expenses incidental thereto. (Ord. 2022-007 § 4 (Exh. B); Ord. 2014-022 § 9; Ord. 2009-036 § 1; Ord. 2009-035; Ord. 444 § 3, 1983)
3.48.030 Water replacement reserve fund within combined utility fund.
Within the combined utility fund created in the office of the city administrative services director under SMC 3.50.010, there is established a separate subfund for the city which is known as the water replacement reserve subfund. The subfund will establish a reserve for replacement of domestic water distribution facilities of the city and be expended as the replacement is needed. (Ord. 2022-007 § 4 (Exh. B); Ord. 2014-022 § 9; Ord. 2009-036 § 1; Ord. 2009-035; Ord. 518 § 2, 1987)
3.48.040 Sewer replacement reserve fund within combined utility fund.
Within the combined utility fund created in the office of the city administrative services director under SMC 3.50.010, there is established a separate subfund for the city which is known as the sewage replacement reserve subfund. The subfund will establish a reserve for replacement of sewage distribution facilities of the city and be expended as the replacement is needed. (Ord. 2022-007 § 4 (Exh. B); Ord. 2014-022 § 9; Ord. 2009-036 § 1; Ord. 2009-035; Ord. 519 § 2, 1987)
3.48.050 Mitigation funds.
There is authorized to be established, when needed, mitigation subfunds within the combined utility fund for both water system mitigation and sewer system mitigation. Such subfunds shall be considered dedicated funds to be expended only as provided by law, ordinance or contract for such mitigation subfunds. (Ord. 2014-022 § 9; Ord. 2009-036 § 1; Ord. 2009-035)