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HomeMy WebLinkAbout3756ORDINANCE NO. 3-fS (O AN ORDINANCE of the City Council of the City of Port Angeles, Washington, closing Fund No. 217, Fund No. 105 and Fund No. 160 and the Creation of Fund No 320 and Fund No. 322. 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. 217 created on September 15, 2015 for the Limited Tax General Obligation Bond, Western Urban Growth Area, and 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. 105 and Fund No. 160 created on November 17, 1999 for the accounting of Real Estate Excise Tax collection and create Fund No. 320 and Fund No. 322 for reclassification of these funds. NOW, THEREFORE, the City Council of the City of Port Angeles do ordain as follows: Section 1. Fund No. 217, created on September 15, 2015 by Ordinance No. 3541, Section 10, is hereby closed; and all monies remaining in that Fund shall be transferred as follows: 18.1 % into the General Fund, 9.3% into the Electric utility, 50.8% into the Water utility, and 21.8% into the Wastewater utility. Section 2. Fund No. 105 and Fund No. 160, created on November 17, 1999 by Ordinance No. 3033, Section 1, are hereby closed; and 100% of al I monies remaining in Fund No. 105 shall be transferred into the newly created capital Fund No. 320 and 100% of all monies remaining in Fund No. 160 shall be transferred into the newly created capital Fund No. 322 to separately account for the revenues generated by Real Estate Excise Tax. Section 3. 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 4. 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 5. 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 by the City Council of the City of Port Angeles, Washington, at its regular meeting on the 2 day of December, 2025. Kate Dexter, Mayor AT EST APPROVED AS TO FORM: Kari Martinez -Bailey, C' Ck< William . Bloor, City Attorney PUBLISHED: By Summary 2 Summary of Ordinances Adopted by the Port Angeles City Council on December 2, 2025 ORDINANCE NO. 3755 AN ORDINANCE of the City of Port Angeles, Washington, amending the City's 2025 budget for the third time. ORDINANCE NO. 3756 AN ORDINANCE of the City Council of the City of Port Angeles, Washington, closing Fund No. 217, Fund No. 105 and Fund No. 160 and the Creation of Fund No. 320 and Fund No. 322. ORDINANCE NO. 3757 AN ORDINANCE of the City of Port Angeles, Washington, adopting the 2026 budget for the fiscal year ending December 31, 2026. 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 ww",.cityofpa.us or will be mailed upon request. Kari Martinez -Bailey City Clerk Published by summary: December 5, 2025 Classified Proof Summary of Ordinances Adopted by the Port Angeles City Council on December 2, 2025 ORDINANCE NO. 3755 AN ORDINANCE of the City of Port Angeles, Washington, amending the City's 2025 budget for the third time. ORDINANCE NO. 3756 AN ORDINANCE of the City Council of the City of Port Angeles, Washington, closing Fund No. 217, Fund No. 105 and Fund No. 160 and the Creation of Fund No. 320 and Fund No. 322. ORDINANCE NO. 3757 AN ORDINANCE of the City of Port Angeles, Washington, adopting the 2026 budget for the fiscal year ending December 31, 2026. This Ordinance, being an exercise of a power spe- cifically delegated to the City legislative body, is not subject to referendum. This ordinance shall take ef- fect 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. Kan Martinez -Bailey, City Clerk PDN.: December 5, 2025 Legal Nc. 10235619 Proofed by Clenard, Linda, 12/04/2025 07:47:08 am Page: 2 Classified Proof IN4900481 - CITY OF PORT ANGELES/LEGALS (360) 417-4613 I E. Fifth Street � � Awinn(n_ cityofpa.us IRT ANGELES, WA, 98362 Proofed by Clenard, Linda, 12/04/2025 07:47:08 am Page: 1