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Home My WebLink About2246 OrdinanceORDINANCE NO. 2246 AN ORDINANCE relating to the creation of a Contingency Fund by enacting new Chapter 3.80 of the Pasco Municipal Code. THE CITY COUNCIL OF THE CITY OF PASCO DOES ORDAIN AS FOLLOWS: CHAPTER 3.80. CONTINGENCY FUND. Section 1. That Section 3.80.010 of the Pasco Municipal Code be and the same is hereby enacted to read as follows: P.M.C. 3.80.010 CONTINGENCY FUND. There is hereby created a fund to be known as the Contingency Fund. This fund is created pursuant to RCW 35A.33.145 and is created and maintained to provide monies with which to meet any municipal expense, the necessity or extent of which could not have been foreseen or reasonably evaluated at the time of adopting the annual budget, or from which to provide monies for those emergencies described in RCW 35A.33.080 and 35A.33.090. Such fund may be supported by a budget appropriation from any tax or revenue source not restricted in use by law, or also may be supported by a transfer from other unexpended or decreased funds made available by ordinance as set forth in RCW 35A.33.120: provided, That the total amount accumulated in such fund at any time shall not exceed the equivalent of thirty-seven and one- half (.37 1/2) cents per thousand dollars of assessed valuation of property within the city at such time. Interest earned by the monies in the fund shall go to the general fund unless the interest earned is attributable to investments or other sources of Interest that have been acquired solely from monies in the fund in which event the interest earned shall be credited to and deposited in the contingency fund. If the total amount accumulated in the fund shall equal the equivalent of thirty-seven and one-half (.37 1/2) cents per thousand dollars of assessed valuation of property within the city at such time any interest that would otherwise be credited to and deposited in the fund shall be credited to and deposited in the general fund. Any monies in the contingency fund at the end of the fiscal year shall not lapse except upon reappropriation by the council to another fund in the adoption of a subsequent budget. Section 2. That Section 3.80.020 of the Pasco Municipal Code be and the same is hereby enacted to read as follows: P.M.C. 3.80.020 CONTINGENCY FUND - WITHDRAWALS. No money shall be withdrawn from the contingency fund except by transfer to the appropriate operating fund authorized by a resolution of the council, adopted by a vote of the majority of the entire council, clearly stating the facts constituting the reason for the withdrawal or the emergency as the case may be, and specifying the fund to which the withdrawn money shall be transferred. Section 3. This Ordinance shall be effective upon its passage and publication as required by law. PASSED by the City Council this 2 day of March 1981. A.5k/74„, xAviatipm Sterl K. Adams, Acting Mayor ATTEST: _JP0 ve yn We is, City Clerk APPROVED AS TO FORM: PIAAA,L3 I. IA Dennis J. De Fe City Attorney Ordinance No 2246 Arr ordinance relating to , the creation of a Contin I gency Fund by enacting ° new Chapter 3 80 of the Pasco Municipal Code The City Council of the City of Pasco does ordain as follows Chapter 3 80 Contingency Fund Section 1 That Section 3 80 010 of the Pasco Munic- ipal Code be and the some is hereby enacted to read as follows P M C 3 80 010 Contin- gency Fund There is here- by created a fund to be known as the Contingency Fund This fund Is created Pursuant to RCW 35A 33 145 and is c ,eated and main tamed to provide monies with which to meet any municipal expense, the ne- cessity or extent of which 1- could not have been fore- seen or reasonably eval uated at the time of adoptinv the annual budget or from which to provide monies for those emergen cies described in RCW 35A 33 080 and 35A 33 NO , Such fund may be sup- ported by a budget agora- ' Priation from any tax or revenue source not restrict- ed in use by law or also may be supported by a transfer from other unex- pended or decreased funds made available by ordi nonce as set forth in RCW 35A 33 120 provided That the total amount accumu- lated in such fund at any time shall not exceed the equivalent of thirty seven and one-half ( 37 1/2) cents per thousand dollars of as sessed valuation of property within the city at such time Interest earned by the monies in the fund shall go to the general fund unless the interest earned Is at- tributable to investments or other sources of interest that have been acquired so- lely from monies In the fund in which event the in- terest earned shall be cred ited to and; deposited In the contingency fund If the to- tal amount accumulated in the fund shall equal the equivalent of thirty-seven and one-half ( 37 1/2) cents per thousand dollars of as sessed valuation of property within the city at such any interest that vtios,' otherwise be credited tb and deposited In the shall be credited to and Co- posited in the general fu 1, Any monies In the coro- gency fund at the end of the fiscal year shall not lapse except upon reappro- Priation by the council to another fund in the adop- tion of a subsequent budget Section 2 That Section 3 80 020 of the Pasco Munic- ipal Code be and the same Is hereby enacted 'to read as follows P M C 3 80 020 Contin- gency Fund — Withdrawals No money shall be with- drawn from the contingency fund except by transfer to the appropriate operating fund authorized by a resoiu tion of the council, adopted by a vote of the maloritv of the entire council, clearly stating the facts constituting the reason for the with drawal or the emergency as the case may be, and specifying the fund to which the withdrawn money shall be transferred Section 3 This Ordinance shaIi ,be effective upon Its Possotie .Rublicallop, as reqUired AFFIDAVIT OF PUBLICATION COUNTY OF Franklin )ss STATE OF WASHINGTON Phyllis Graves , being first duly sworn on oath deposes and says she is the Principal Clerk of the Tri-City Herald, a daily newspaper That said newspaper is a legal newspaper and has been approved as a legal newspaper by order of the superior court in the county in which it is published and it is now and has been for more than six - months prior to the date of the publication hereinafter referred to, published in the English language continually as a daily news- paper in Franklin. County, Washington, and is now and during all of said time was printed in an office maintained at the aforesaid place of publication of said newspaper That the annexed is a true copy of a legal advertisement Ord. # 2246 as it was printed in the regular and entire issue of the Tr-City Herald itself and not in a supplement thereof, for a period of one time XIXIIRIatiglEWeilk,K commencing on the 6th day of March ,19 81 ,and ending on the day of , 19 , and that said newspaper was regularly distributed to its subscribers during all of this period That the full amount of $ 66.00 has been paid in full, also at the rate of 11 in.c 6.00 66.00 Subscribed and sworn to before me this 9 th day of March 81 ,19 Notary Public in and for the State of Washington, residing at Pasco ( 2 day of March, by the City Cou -ni 190) -s- Steri K Adams, Acting Mayor Attest -s- Evelyn Wells, City Clerk Approved as to Form s- Dennis J De Felice, City Attorney Legal No 10169 — Mar 6, 1981 [NANCE DEPARTMEN (509) 545 3401 Scan 726 3401 ,A40.1141; swwwiAnwvg P 0 BOX 293 412 WEST CLARK PASCO, WASHINGTON 99301 March 3, 1.981 Tri City Herald P 0 Box 2608 Pasco, Washington 99302 Gentl emen Please publish the attached Ordinances on the following date March 6, 1981 Please send two (2) Affidavits of Publication for each Sincerely yours, Evelyn Well s City Clerk ew