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HomeMy WebLinkAbout3413• • ORDINANCE NO. 3 413 AN ORDINANCE of the City Council of the City of Port Angeles, Washington, to close certain fund accounts by repealing the following: Ordinance 852, Section 1 of Ordinance 2411, Section 3 of Ordinance 2623, Section 1 of Ordinance 2710, Section 10 of Ordinance 2890, Ordinance 3386 and transferring the remaining funds into the General Fund. WHEREAS, in response to Governmental Accounting Standards Board 54 Reporting Requirements, special revenue funds are to be closed and the remainder of funds in the special revenue funds are to be transferred to the General Fund. WHEREAS, the purpose of this ordinance is to close the listed funds and move any remaining monies into the general fund; NOW, THEREFORE, the City Council of the City of Port Angeles do ordain as follows: Section 1. The funds described below are closed and any remaining money in the fund is transferred into the general fund: A. Ordinance 852 establishing the LID Bond Guarantee Fund is hereby repealed. All monies remaining in this fund shall be transferred into the general fund. B. Section 1 of Ordinance 2411 establishing a Recreational Activities Fund is hereby repealed. All monies remaining in this fund shall be transferred into the general fund. C. Section 3 of Ordinance 2623 establishing a Waterfront Trail Fund for the purpose of maintaining the waterfront trail is hereby repealed. All monies remaining in this fund shall be transferred into the general fund. • • D. Section 1 of Ordinance 2400 establishing a Contingency Fund is hereby repealed. All monies remaining in this fund shall be transferred into the general fund. E. Section 10 of Ordinance 2890 establishing a Criminal Justice fund is hereby repealed. All monies remaining in this fund shall be transferred into the general fund F. Ordinance 3386 establishing the William Shore Memorial Park District fund is hereby repealed. All monies remaining in this fund shall be transferred into the general fund. 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 3 - 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 19 t hday of October , 2010. -2- DAN DI GUILIO, Mayor • • ATTEST: Z.L. afssa Hurd, City Clerk UBLISHED: October 24, 2 010 APPROVED AS TO FORM: William E. Bloor, City Attorney By Summary \LEGAL \a ORDINANCES &RESOLUTIONS \ORDINANCES 2010\25 - Fund Closure 092810 wpd December 31, 2008 -3- • Summaries of Ordinances Adopted by the Port Angeles City Council On October 19, 2010 Ordinance No. 3411 This Ordinance of the City of Port Angeles, Washington, dissolves the Port Angeles HarborWorks Development Authority. Ordinance No. 3412 This Ordinance of the City of Port Angeles, Washington, amends the 2010 budget. Ordinance No. 3413 This Ordinance of the City Council of the City of Port Angeles, Washington, closes certain fund accounts by repealing the following: Ordinance 852, Section 1 of Ordinance 2411, Section 3 of Ordinance 2623, section 1 of Ordinance 2710, Section 10 of Ordinance 2890, Ordinance 3386, and transfers the remaining funds into the General Fund. The full texts of the Ordinances are available at City Hall in the City Clerk's office, on the City's website at www.cityofpa.us, or will be mailed upon request. Office hours are Monday through Thursday, 8:30 a.m. to 4:00 p.m., and Friday 8:30 a.m. to 12:30 p.m. These Ordinances shall take effect five days following the date of publication by summary. Publish: October 24, 2010 • Janessa Hurd City Clerk