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HomeMy WebLinkAbout1188 OrdinanceCITY OF PASCO, WASHINGTON ORDINANCE NO.-. iBs AN ORDINANCE CREATING AN EQUIPMENT RENTAL FUND; SPECIFYING THE PURPOSE FOR WHICH SAID FUND IS CREATED, AND DIRECTING THE MANNER IN WHICH SAID FUND SHALL BE ADMINISTERED. THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. There is hereby created and established a special fund to be known and designated as the "Equipment Rental Fund," to be used as a revolving fund to be expended for salaries, wages and operations required for the repair, replacement, purchase and operation of equipment, and for the purchase of equipment, materials and supplies to be used in the administration and operation of said fund. Section 2. The Equipment Rental Fund shall be under the direction of the City Manager. Section 3. All motor vehicle equipment of the City of Pasco shall be transferred to the Equipment Rental Fund as of January 1, 1965. Departments making such transfers of equipment shall receive no credit therefor. Section 4. The charges for rental of such equipment shall be sufficient to cover the repair, replacement, purchase and operation thereof, and the terms of rental shall be on an annual, monthly, daily, hourly, mileage or other basis as determined by the City Manager. A schedule of such charges shall be prepared by the City Manager, subject to approval by the City Council. Such rental rates shall be reviewed, and if need be revised, periodically to meet changing costs of repair, replacement, purchase and operation. Section 5. There shall be kept such books, accounts and records as are necessary to control and report the financial operations of the Equipment Rental Fund and the cash account of said Fund shall be sub -divided into two separately designated accounts as follows: (a) Account "A", which shall be the "Current Operating Account", into which shall be placed those portions of the charges made to the various departments of the City, in accordance with the provisions of Section 4 hereof, which are specifi- cally billed said departments to provide sufficient moneys to pay the salaries and wages, materials, overhead or other costs necessary to operate and maintain all motor vehicle equipment rented thereto. There shall also be placed into account "A" moneys which may from time to time be made specifically available thereto by action of the Council. (b) Account "B", which shall be the "Equipment Reserve Account", into which shall be placed those portions of the charges made to the various departments of the City, in accordance with the provisions of Section 4 hereof, which are specifically billed said departments to provide sufficient moneys, having first taken into consideration the necessary operating and maintenance costs billed under the preceding paragraph, to pay the costs of purchasing new equipment and replacing used equipment as re- quired to carry out the purposes of the Equipment Rental Fund. There shall also be placed in Account "B", moneys which are derived from the direct sale of any of the equipment or other capital assets of the Fund and any moneys which may from time to time be made specifically available thereto by action of the Council. •Ji v Section 6. Any withdrawals or expenditures from said Equipment Rental Fund shall be made only in the following manner: (a) Expenditures from Account "A" shall be made only upon duly approved payrolls and vouchers of the City for the purposes hereinbefore ascribed to said Account. (b) Expenditures from Account "B" shall be made only upon duly approved vouchers of the City for the purposes hereinbefore ascribed to said Account. Section 7. All monies deposited in said Equipment Rental Fund and not expended as provided herein shall remain in the Fund from year to year and shall not be transferred to any other fund or expended for any other purposes whatsoever. Section 8. If, at any time hereafter, the City Council shall abolish said Equipment Rental Fund, then all monies on deposit therein, and all equipment therein, shall revert to the several funds and departments par- ticipating in the Equipment Rental Fund. Section 9. This Ordinance shall take effect and be in force on January 1, 1965. PASSED by the City Council at a regular meeting thereof this day of , 1965, and signed in authentication of its passage this 4 fday of + , 1965. Mayor Attest: City Clerk Approved as to form: Published: