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ORDINANCE NO. /SW'
AN ORDINANCE of the City of Port Angeles abolishing
certain separate funds and merging the abolished
funds into other permanent funds.
WHEREAS the Arterial Street Fund, the Park and Recreation
Fund, the Cemetery Fund, and the 1960 Water Revenue Bond Fund,
are no longer necessary as separate funds, and it is in the best
interests of the City and the Finance Department thereof that
these funds be eliminated and merged with other funds;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF PORT ANGELES, as follows:
Section 1:
a. The Arterial Street Fund is hereby abolished
as a separate fund and is merged into the Street
Fund as an operating department.
b. The Park and Recreation Fund is hereby
abolished as a separate fund and is merged into
the Current Expense Fund as an operating department.
c. The Cemetery Fund is hereby abolished as a
separate fund and is merged into the Current Expense
Fund as an operating department.
Section 2: The mergers set forth in Section 1 above shall
be effective as of December 31, 1974, and the surviving funds
there of
named in each Sub - section /shall assume all assets and liabilities
of the abolished fund merged with it effective as of that date.
Section 3: The 1960 Water Revenue Bond Fund is hereby
abolished as a separate fund and merged into the Water Fund as a
subsidiary fund.
PASSED by the City Council of the City of Port Angeles
and approved by its Mayor at a regular session of the Council
held on the /7 day of December, 1974.
ATTEST,:
u . %driheai;
City Clerk
CITY OF PORT ANGELES
By /� - (/. s•, —
Mayor
16
APPROVED A ' . FORM:
torney /
PUBLISHED: %2-1,7p/74Z