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HomeMy WebLinkAbout4073 Ordinance ORDINANCE NO. /-46 73 AN ORDINANCE of the City of Pasco, Washington, Updating Title 3 "Revenue and Finance" by Repealing Chapter 3.48 "Claims Fund", Chapter 3.81 "Contingency Fund", Chapter 3.114 "General Fixed Asset Fund", Chapter 3.119 "Local Narcotics Control Program Fund", Chapter 3.124 "Metropolitan Controlled Substances Group Seizure Fund", Chapter 3.128 "Bi-Centennial Fund", Chapter 3.129 "Public Facilities District Fund", and Section 2.22.070 "Fund Established"; Enacting Chapter 3.134 "Street Overlay Fund", 3.135 "Martin Luther King Community Center Fund", Chapter 3.136 "City View Cemetery Fund", Chapter 3.137 "Golf Course Fund", Chapter 3.138 "Multi Modal Fund", Chapter 3.139 "Special Assessment Lodging Fund", Chapter 3.140 "Litter Abatement Fund", Chapter 3.141 "LID Debt Service Fund", Chapter 3.142 "Voted Debt Service Fund", Chapter 3.143 "Cemetery Endowment Fund", Chapter 3.144 "Old Fire Pension Fund (OPEB) ", Chapter 3.145 "Old Fire Pension Fund"; and Chapter 3.146 "Agency Fund"; and Amending Chapter 3.90 "Community Development Block Grant Trust Fund." WHEREAS, the City's financial systems, activities and Generally Accepted Accounting Principles (GAAP) definitions have evolved over the last several years; and WHEREAS, the City has began new activities and ceased to engage in other activities which would require some funds to be closed and others opened resulting in a needed update to the Chapters contained in Title 3 of the Pasco Municipal Code; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. That Chapter 3.48 entitled "Claims Fund" of the Pasco Municipal Code shall be and hereby is repealed in its entirety. Section 2. That Chapter 3.81 entitled "Contingency Fund" of the Pasco Municipal Code shall be and hereby is repealed in its entirety. Section 3. That Chapter 3.114 entitled "General Fixed Asset Fund" of the Pasco Municipal Code shall be and hereby is repealed in its entirety. Section 4. That Chapter 3.119 entitled "Local Narcotics Control Program Fund" of the Pasco Municipal Code shall be and hereby is repealed in its entirety. Ordinance Amending Title 3 - 1 Section 5. That Chapter 3.124 entitled "Metropolitan Controlled Substances Group Seizure Fund" of the Pasco Municipal Code, shall be and hereby is repealed in its entirety. Section 6. That Chapter 3.128 entitled "Bi-Centennial Fund" of the Pasco Municipal Code, shall be and hereby is repealed in its entirety. Section 7. That Chapter 3.129 entitled "Public Facilities District Fund" of the Pasco Municipal Code, shall be and hereby is repealed in its entirety. Section 8. That Section 2.22.070 entitled "Fund Established" of the Pasco Municipal Code relating to the Fireman's Pension System, shall be and hereby is repealed in its entirety. Section 9. That a new Chapter 3.134 entitled "Street Overlay Fund" of the Pasco Municipal Code, shall be and hereby is created as shall read as follows: CHAPTER 3.134 STREET OVERLAY FUND Sections: 3.134.010 FUND CREATED/USE. 3.134.010 FUND CREATED/USE. A fund, to be known as the "Street Overlay Fund," is hereby created for the purpose of accounting for funds received, disbursed or expended in conjunction with the City Street Overlay Program. The purpose of this fund is to preserve the city's investment in streets by regularly resurfacing existing city streets to extend their useful lives and thereby avoid more costly street rehabilitation programs. Revenues for this fund are generated through a council approved allocation of external business utility taxes and interfund utility taxes. Expenditures are for costs of street resurfacing activities. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 10. That a new Chapter 3.315 entitled "Martin Luther King Community Center Fund" of the Pasco Municipal Code, shall be and hereby is created and shall read as follows: CHAPTER 3.135 MARTIN LUTHER KING COMMUNITY CENTER FUND Sections: 3.135.010 FUND CREATED/USE. 3.135.010 FUND CREATED/USE. A fund, to be known as the "Martin Luther King Center Fund," is hereby created for the purpose of accounting for funds received, disbursed or expended in conjunction with the Martin Luther King Community Center. Revenues typically come from rentals, grants, and transfers from the general fund. Expenditures are used to maintain the facility and the programs operating therein. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Ordinance Amending Title 3 - 2 Section 11. That a new Chapter 3.136 entitled "City View Cemetery Fund" of the Pasco Municipal Code, shall be and hereby is created and shall read as follows: CHAPTER 3.136 CITY VIEW CEMETERY FUND Sections: 3.136.010 FUND CREATED/USE. 3.136.010 FUND CREATED/USE. A fund, to be known as the "City View Cemetery Fund," is hereby created for the purpose of accounting for funds received, disbursed or expended in conjunction with the City View Cemetery facility. Revenues are generated through fees and charges. Expenditures are for the cost of operating the facility and purchasing items for resale. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 12. That a new Chapter 3.137 entitled "Golf Course Fund" of the Pasco Municipal Code, shall be and hereby is created and shall read as follows: CHAPTER 3.137 GOLF COURSE FUND Sections: 3.137.010 FUND CREATED/USE. 3.137.010 FUND CREATED/USE. A fund, to be known as the "Golf Course Fund," is hereby created for the purpose of accounting for funds received, disbursed or expended in conjunction with the Sun Willows Golf Course. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 13. That a new Chapter 3.138 entitled "Multi Modal Fund" of the Pasco Municipal Code shall be and hereby is created and shall read as follows: CHAPTER 3.138 MULTI MODAL FUND Sections: 3.138.010 FUND CREATED/USE. 3.138.010 FUND CREATED/USE. A fund, to be known as the "Multi Modal Fund," is hereby created for the purpose of accounting for the funds received, disbursed or expended in conjunction with the Multi Modal Facility. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Ordinance Amending Title 3 - 3 Section 14. That a new Chapter 3.139 entitled "Special Assessment Fund" of the Pasco Municipal Code shall be and hereby is created and shall read as follows: CHAPTER 3.139 SPECIAL ASSESSMENT LODGING FUND Sections: 3.139.010 FUND CREATED/USE. 3.139.010 FUND CREATED/USE. A fund, to be known as the "Special Assessment Lodging Fund," is hereby created for the purpose of accounting funds received, disbursed or expended in conjunction with special assessment lodging and related revenues. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 15. That a new Chapter 3.140 entitled "Litter Abatement Fund" of the Pasco Municipal Code shall be and hereby is created and shall read as follows: CHAPTER 3.140 LITTER ABATEMENT FUND Sections: 3.140.010 FUND CREATED/USE. 3.140.010 FUND CREATED/USE. A fund, to be known as the "Litter Abatement Fund," is hereby created for the purpose of accounting for Litter funds received, disbursed or expended in conjunction with carrying out this program. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 16. That a new Chapter 3.141 entitled "LID Debt Service Fund of the Pasco Municipal Code shall be and hereby is created and shall read as follows: CHAPTER 3.141 LID DEBT SERVICE FUND Sections: 3.141.010 FUND CREATED/USE 3.141.010 FUND CREATED/USE. A fund, to be known as the "LID Debt Service Fund," is hereby created for the purpose of accounting for LID assessments, payments of debt service and reserves. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 17. That a new Chapter 3.142 entitled "Voted Debt Service Fund" of the Pasco Municipal Code shall be and hereby is created and shall read as follows: Ordinance Amending Title 3 - 4 CHAPTER 3.142 VOTED DEBT SERVICE FUND Sections: 3.142.010 FUND CREATED/USE. 3.142.010 FUND CREATED/USE. A fund, to be known as the "Voted Debt Fund," is hereby created for the purpose of accounting for resources from property taxes, debt service payments on debt incurred through voter approval and other related resources and disbursements. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 18. That a new Chapter 3.143 entitled "Cemetery Endowment Fund" of the Pasco Municipal Code shall be and hereby is created and shall read as follows: CHAPTER 3.143 CEMETERY ENDOWMENT FUND Sections: 3.143.010 FUND CREATED/USE. 3.143.010 FUND CREATED/USE. A fund, to be known as the "Cemetery Endowment Fund," is hereby created for the purpose of accounting for charges and resources, permanently set aside. The interest on those resources is available for spending to maintain the cemetery. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 19. That a new Chapter 3.144 entitled "Old Fire Pension Fund - Other Post Employment Benefits (OPEB)" of the Pasco Municipal Code shall be and hereby is created and shall read as follows: CHAPTER 3.144 OLD FIRE PENSION FUND-OTHER POST EMPLOYMENT BENEFITS (OPEB) Sections: 3.144.010 FUND CREATED/USE. 3.144.010 FUND CREATED/USE. A fund, to be known as the "Old Fire Pension Fund-Other Post Employment Benefits (OPEB)," is hereby created for the purpose of accounting for resources earned or set aside to pay for other post-employment benefit expenses for members of the Old Fire Pension system as well as other associated disbursements. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 20. That a new Chapter 3.145 entitled "Old Fire Pension Fund" of the Pasco Municipal Code shall be and hereby is created and shall read as follows: Ordinance Amending Title 3 - 5 CHAPTER 3.145 OLD FIRE PENSION FUND Sections: 3.145.010 FUND CREATED/USE. 3.145.010 FUND CREATED/USE. A fund, to be known as the "Old Fire Pension Fund," is hereby created for the purpose of accounting for resources earned or set aside to pay for pension benefit expenses and other related costs for members of the Old Fire Pension system. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. Section 21. That a new Chapter 3.146 entitled "Agency Fund" of the Pasco Municipal Code shall be and hereby is created and shall read as follows: CHAPTER 3.146 AGENCY FUND Sections: 3.146.010 FUND CREATED/USE. 3.146.010 FUND CREATED/USE. A fund, to be known as the "Agency Fund," is hereby created for the purpose of accounting for resources received that do not belong to the city, but which are held in agency by the city on behalf of others. Section 22. That Chapter 3.90 entitled "Community Development Block Grant Trust Fund" of the Pasco Municipal Code shall be and hereby is amended to read as follows: CHAPTER 3.90 COMMUNITY DEVELOPMENT BLOCK GRANTS TRUST FUND Sections: 3.90.010 CREATED. 3.90.020 PURPOSE. 3.90.030 EXPENDITURES. 3.90.010 CREATED. A fund of the City is established which shall be known as the "Community Development Block Grants Trust Fund." (Ord. 17473 Sec. 1, 1976.) 3.90.020 PURPOSE. The fund is to provide for the proper receipting and disbursement of grant moneys as set forth by the Department of Housing and Community Development (H.U.D.) and other granting agencies and which are administered by the Community and Economic Development Division. (Ord. 1773 Sect. 2, 1976.) 3.90.030 EXPENDITURES. Expenditures may be made from the Community Development Meek Grants test Fund by transfer or check to pay claims as may be authorized by Ordinance Amending Title 3 - 6 the City Manager and are approved by the City Council, and are in accordance with grantor requirements. The flow of funds assumption is that the use of funds is specifically identified by individual grant. (Ord. 3557 Sec. 58, 2002; Ord. 1773 Sec. 3, 1976.) Section 23. All other Chapters of Title 3 "Revenue and Finance" not specifically repealed nor amended above, shall remain in full force and effect. Section 24. This Ordinance shall take full force and effect five (5) days after its approval, passage and publication as required by law. PASSED by the City Council of the City of Pasco, Washington, and approved as provided by law this day of r e(,u , 2012. Matt Watkins, Mayor AT ES APPRO AS TO FORM: Debbie 411c°, City C Leland B. Kerr, City Attorney Ordinance Amending Title 3 - 7