Chapter 3.04
CITY FUNDS
Sections:
3.04.060 Capital improvement fund.
3.04.110 Payroll benefits fund.
3.04.120 Equipment maintenance and rental fund.
3.04.130 Library endowment trust fund.
3.04.140 Firemen’s pension fund.
3.04.150 Local improvement district guaranty trust fund.
3.04.160 Library memorial trust fund.
3.04.170 Treasurer’s trust fund.
3.04.200 Deferred compensation fund.
3.04.250 Shelton Metropolitan Park District fund.
3.04.010 Creation.
The director of administrative services of the city of Shelton is authorized and instructed to establish and maintain the funds established by this chapter in a governmental accounting system as directed by the Washington State Auditor’s Office. (Ord. 1337-292 § 1, 1992)
3.04.020 General fund.
This fund includes general governmental operations, except proprietary operations. (Ord. 1608-1203 § 1, 2003: Ord. 1337-292 § 2, 1992)
3.04.030 Street fund.
This fund accounts for administration of street maintenance and construction. (Ord. 1337-292 § 3, 1992)
3.04.040 Tourism fund.
This fund accounts for stadium facilities, convention facilities, performing arts facilities, or for advertising, publicizing and distributing information about the city for the purpose of attracting visitors and encouraging tourist expansion. (Ord. 1636-1204 § 1, 2004: Ord. 1337-292 § 4, 1992)
3.04.050 Bond fund.
This fund accounts for all debt service on general obligation and special assessment bonds issued by the city. (Ord. 1337-292 § 5, 1992)
3.04.060 Capital improvement fund.
This fund accounts for all major capital improvement projects other than any financed by the enterprise funds. (Ord. 1337-292 § 6, 1992)
3.04.070 Water fund.
This fund accounts for the operations of a water utility supplying water to customers of the city. (Ord. 1337-292 § 7, 1992)
3.04.080 Sewer fund.
This fund accounts for the operations of a sewer utility supplying sewage collection, disposal and treatment to customers of the city. (Ord. 1337-292 § 8, 1992)
3.04.090 Solid waste fund.
This fund accounts for the operations of a solid waste utility supplying the collection and disposal of solid waste to customers of the city. (Ord. 1337-292 § 9, 1992)
3.04.100 Storm drainage fund.
This fund accounts for the operations of a storm drainage utility supplying storm water collection, disposal and treatment to customers of the city. (Ord. 1337-292 § 10, 1992)
3.04.110 Payroll benefits fund.
This fund accounts for payment of various employee benefits for which each city department is charged. (Ord. 1337-292 § 11, 1992)
3.04.120 Equipment maintenance and rental fund.
This fund accounts for the cost of maintaining city vehicles and construction equipment from various city departments and shall hold title to such equipment and shall account for its assets and funds pursuant to RCW 35.21.088. (Ord. 1580-1202 § 3, 2002: Ord. 1337-292 § 12, 1992)
3.04.130 Library endowment trust fund.
This fund accounts for a nonexpendable investment held by the city. The interest income from this fund is available for library operations. (Ord. 1337-292 § 13, 1992)
3.04.140 Firemen’s pension fund.
This fund accounts for the accumulation of resources for pension benefit payments to qualified city firefighters. (Ord. 1337-292 § 14, 1992)
3.04.150 Local improvement district guaranty trust fund.
This fund is established for the purpose of guaranteeing the payment of local improvement bonds and warrants. (Ord. 1337-292 § 15, 1992)
3.04.160 Library memorial trust fund.
This fund accounts for memorial contributions received by the city for the library. (Ord. 1337-292 § 16, 1992)
3.04.170 Treasurer’s trust fund.
This fund accounts for moneys which are collected by the city and transferred to other individuals, private organizations, or governments. (Ord. 1337-292 § 17, 1992)
3.04.180 Claims fund.
This fund accounts for payment of all expenditures of the city except payroll and certain payments made by check or wire transfer. (Ord. 1337-292 § 18, 1992)
3.04.190 Payroll fund.
This fund accounts for payment of salaries and withheld deductions of all city employees. (Ord. 1337-292 § 19, 1992)
3.04.200 Deferred compensation fund.
This fund accounts for assets held for city employees in accordance with the provisions of Internal Revenue Code Section 457. (Ord. 1337-292 § 20, 1992)
3.04.240 MACECOM fund.
This fund accounts for moneys that are received and disbursed by the city on behalf of MACECOM. (Ord. 1742-1208 § 1, 2008)
3.04.250 Shelton Metropolitan Park District fund.
This fund accounts for moneys that are received and disbursed by the city on behalf of the Shelton Metropolitan Park District. (Ord. 1777-0111 § 1, 2011)