HomeMy WebLinkAbout1898ORDINANCE NO. /,f 97
AN ORDINANCE of the City of Port Angeles amending
Ordinance No. 1838 pertaining to the merger
and abolishment of certain funds so as to meet
the requirements of the State Auditor's Report
for the year 1975.
WHEREAS the Fiscal - Legal Examination of the State Auditor
of the general governmental financial affairs of the City of Port
Angeles for the year ended December 31, 1975 recommends certain
changes in Ordinance No. 1838 which provided for the abolishing
of certain funds and their merging with other funds and the City
Council desires to comply with said recommendations;
NOW, THEREFORE, the City Council of the City of Port
Angeles do ordain as follows:
Section 1: Section 1, sub - paragraph a. and Section 3 of
Ordinance No. 1838 are hereby repealed.
Section 2: The Arterial Street Fund is hereby re-
established in the office of the City Treasurer as a fund
separate and distinct from the City of Port Angeles Street Fund.
Section 3: The 1960 Water Revenue Bond Fund is hereby
re- established as the Water Revenue Bond Fund, 1960, and said fund
shall be divided into two accounts: a principal and interest
account and a reserve account.
Section 4: The abolishing of the Park and Recreation Fund
and the Cemetery Fund as provided in Section 1, sub - paragraphs
b and c of Ordinance No. 1838 and their merger with the current
expense fund shall remain in effect and unchanged by this
ordinance.
Section 5: The provisions of this ordinance shall become:
effective January 1, 1977 and shall be reflected in the 1977
budget document.
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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 15th day of December, 1976.
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ATTEST:
'`Cxty- -Clerk
APPROVED AS .'0 ORM:
City Attorney
PUBLISHED:
Mayor