Chapter 3.21
ENTERPRISE FUNDS
Sections:
3.21.040 Deficits and surplus moneys.
3.21.010 Reserved.
(Ord. 2005-2 § 1, 2005).
3.21.020 Reserved.
(Ord. 2005-2 § 1, 2005).
3.21.030 Reserved.
(Ord. 2005-2 § 1, 2005).
3.21.040 Deficits and surplus moneys.
Any deficit in the funds created by this chapter may be met and provided for out of the general fund, and any surplus in any of the respective funds at the end of any fiscal year shall not lapse except upon reappropriation by the council to another fund in the adoption of a subsequent budget which is made in accordance with any applicable rules, regulations, and other laws governing the use of such funds and which is not otherwise prohibited by state law or regulations of the Division of Municipal Corporations of the Office of the State Auditor. See RCW 35A.33.150. (Ord. 2005-2 § 1, 2005).
3.21.050 Reserve accounts.
The moneys in the reserve accounts of any fund created by this chapter may be allowed to accumulate from year to year until the city council shall determine to expend the moneys in the fund for the purpose or purposes specified: provided, that any moneys in the fund shall never be expended for any other purpose or purposes than those specified, without an approving vote by a two-thirds majority of the members of city council which is made in accordance with any applicable rules, regulations, and other laws governing the use of such funds and which is not otherwise prohibited by state law or regulations of the Division of Municipal Corporations of the Office of the State Auditor. See RCW 35.21.070. (Ord. 2005-2 § 1, 2005).
3.21.060 Water fund.
A fund is created to be known as the “water fund” with accounts for operations and maintenance, reserve, and debt service from revenues derived from the operation of waterworks facilities and the water department. The water reserve account shall be the cumulative reserve fund for the purpose of constructing, maintaining, or improving the city’s waterworks. The water debt service account shall be the cumulative reserve fund for the purpose of debt service. See RCW 35.21.070, 35A.33.150 and 35A.37.010. (Ord. 2005-2 § 1, 2005).
3.21.070 Wastewater fund.
A fund is created to be known as the “wastewater utility fund” with accounts for operations and maintenance, reserve, and debt service from revenues derived from the operation of sewerage facilities and the wastewater department. The wastewater reserve account shall be the cumulative reserve fund for the purpose of constructing, maintaining or improving the city’s sanitary sewer system. The wastewater debt service account shall be the cumulative reserve fund for the purpose of debt service. See RCW 35.21.070, 35A.33.150 and 35A.37.010. (Ord. 2005-2 § 1, 2005).
3.21.080 Solid waste fund.
A fund is created to be known as the “solid waste fund” for revenues derived from the solid waste handling services provided by the city. See RCW 35A.37.010. (Ord. 2005-2 § 1, 2005).