HomeMy WebLinkAbout3739ORDINANCE NO. 5*3 1
AN ORDINANCE of the City Council of the City of Port Angeles,
Washington, closing Fund No. 216 and 463.
WHEREAS, in order to implement best financial practices for compliance with
Government Accounting Standards Board (GASB) Statement No. 54 and to accommodate
needed changes in the City's budget structure, the City finds it necessary to close Fund No.
216 created on June 14, 2014 by the Limited Tax General Obligation Bond, Stabilization of
the Port Angeles Landfill Bluff and to transfer remaining assets into existing fund No 454,
the City's Solid Waste Capital Fund. The City also finds it necessary to close Fund No. 463
created on July 16, 2013 by the Revenue Bond, Combined Sewer Overflow and to transfer
remaining assets into existing fund No 453, the City's Wastewater Capital Fund.
NOW, THEREFORE, the City Council of the City of Port Angeles do ordain as
follows:
Section 1. Fund No. 216, created on June 14, 2014 by Ordinance No. 3506,
Section 10, is hereby closed; and all monies remaining in that Fund shall be transferred into
the Solid Waste Capital Fund and Fund No. 463, created on July 16, 2013 by Ordinance No.
3481, Section 9, is hereby closed; and all monies remaining in that Fund shall be transferred
into the Wastewater Capital Fund.
Section 2. Corrections. The City Clerk and the codifiers of this ordinance are
authorized to make necessary corrections to this ordinance including, but not limited to, the
correction of the scrivener's/clerical errors, references to other local, state, or federal laws,
codes, rules or regulations, or ordinance numbering, section/subsection numbers and any
references thereto.
Section 3. Severability. If any provisions of this Ordinance, or its application to
any person or circumstances, are held invalid, the remainder of the Ordinance, or application
of the provisions of the Ordinance to other persons or circumstances, is not affected.
Section 4. Effective Date. This ordinance, being an exercise of a power
specifically delegated to the City legislative body, is not subject to referendum. This
ordinance shall take effect five days after its publication by summary.
PASSED bytheCity Council of the City of Port Angeles, Washington, at its regular
meeting on the / /— day o€-I�ecenaber, 2024.
Kate Dexter, Mayor
AT T :C Ap�* D AS T FORM(
Kari Martinez -Bailey, C' er WilI1a loor, ity Atto ey
PUBLISHED: QG�/-0�?
By Summary
Summary of Ordinances Adopted by the Port Angeles City Council on November 19, 2024
ORDINANCE NO. 3739
AN ORDINANCE of the City Council of the City of Port Angeles, Washington, closing Fund No.
216 and 463.
This Ordinance, being an exercise of a power specifically delegated to the City legislative body, is not,
subject to referendum. This ordinance shall take effect five (5) days after passage and publication of an
approved summary thereof consisting of the title.
The full texts of Ordinances are available at City Hall in the Clerk's office, on the City's website at
www.cityofpa.us or will be mailed upon request.
Kari Martinez -Bailey
City Clerk
Published by summary: Thursday, December 5, 2024