HomeMy WebLinkAbout3493ORDINANCE NO. 3493
AN ORDINANCE of the City Council of the City of Port Angeles,
Washington, managing special funds of the City, and
discharging funds from the 2001 General Obligation Bond
Refunding Fund (Fund #211), authorizing closure of Water
Treatment Plant Fund (# 412) and the Cultural Resources Fund
(Fund # 504), and amending the Solid Waste Utility Fund,
Ordinance 2317.
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 several funds
and to transfer remaining assets into existing funds.
NOW, THEREFORE, the City Council of the City of Port Angeles does ordain as
follows:
Section 1. All remaining monies in the General Obligation Bond Redemption Fund
that were committed to that Fund pursuant to Ordinance No. 3099, which established the
Unlimited Tax General Obligation Refunding Bonds, 2001, (Fund #211), are hereby
discharged from Ordinance 3099. Those monies are hereby obligated to the General
Obligation Bond Redemption Fund pursuant to Ordinance No. 3185, which established the
Unlimited Tax General Obligation Refunding Bonds, 2005, (Fund #212).
The City Finance Officer is authorized to administratively close fund 211.
Section 2. Ordinance No. 3230 and Chapter 3.42 PAMC, establishing the
Treatment Plant Operation and Maintenance Fund (Fund # 412), are hereby repealed; and all
monies in fund 412 shall be transferred into the existing Water Utility Fund (Fund #402) subj ect
to the following conditions and restrictions:
The transferred funds shall be used and expended only (1) for the payment of necessary
or proper expenditures or obligations incurred in or incident to the repair, upkeep, maintenance
or operation of the PAWTP and Ranney Well improvements, (2) usual expenses related to the
administration of the fund. Disbursements shall be made out of said fund upon the request of
the Director of Public Works and Utilities to defray such costs and expenses.
In addition to the uses authorized above, the City's Chief Financial Officer is authorized
to restrict so much of the transferred funds as may be necessary to satisfy the reserve required
by the terms of the refunded water /wastewater revenue bonds issued in 1998 and 2003. Any
such restriction shall be stated in writing and filed with the City Clerk, and comply with
Municipal Securities Continuing Disclosure.
Section 3. PAMC 3.32.010 is amended as follows:
3.32.010 Creation.
There is created and established a special fund designated and known as the "Solid
Waste Utility Fund" into which all sums collected under Chapters 13.16, 13.54 and 1 -3.56
13.57 shall be deposited and kept and from which all expenses of the administration,
maintenance and operation of the Solid Waste Utility shall be paid.
Section 4. Ordinance No. 3352 and Chapter 3.28 PAMC, establishing the Cultural
Resources Fund (Fund #504), are hereby repealed. All monies in fund 504 shall be transferred
to the General Fund.
Section 5 - 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 6 - 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 _Lab day of December, 2013.
Cherie Kidd, Mayor
AT EST: APPRI ED AS TO FO
at' ssa Hurd, City Clerk
William E. Bloor, City Attorney
PUBLISHED: December 22nd, 2013
By Summary
ale ORDINANCES &RESOLUTIONSIORDINANCES.2013\06 - Water Fund Cloaure.O6,19,13 wpd December 31, 2008
Summaries of Ordinances Adopted by the
Port Angeles City Council
On December 17, 2013
Ordinance No. 3492
THIS ORDINANCE of the City of Port Angeles, Washington, amends the 2013 budget and
funds.
Ordinance No. 3493
THIS ORDINANCE of the City Council of the City of Port Angeles, Washington, manages
special funds of the City, and discharges funds from the 2001 General Obligation Bond
Refunding Fund (Fund #211), authorizes closure of Water Treatment Plant Fund (Fund
#412 ) and the Cultural Resources Fund (Fund #504), and amends the Solid Waste Utility
Fund, Ordinance 2317.
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.
Janessa Hurd, CMC
City Clerk
Publish: December 22, 2013