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HomeMy WebLinkAbout3547 ORDINANCE NO. .3,�5 9 AN ORDINANCE of the City Council of the City of Port Angeles, Washington, closing Bond Funds no longer active. 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 the Library Fund No. 212 and to transfer remaining assets into existing fund No. 215. NOW, THEREFORE, the City Council of the City of Port Angeles do ordain as follows: Section 1. Ordinance No. 3185 establishing the Library Fund No 212 is hereby repealed; and all monies remaining in that Fund shall be transferred into the 2006 LTGO Multi-Modal Gateway Bond Fund No. 215. Section 2. Ordinance No. 3212 establishing Fund No. 214 for Western UGA, is hereby repealed; and all monies remaining in that Fund shall be transferred into the 2015 LTGO Refunding Bond Fund No. 217. I Section 3 - Severability. If any provisions of this Ordinance, or its application to I 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 by the City Council of the City of Port Angeles, Washington, at its regular meeting on the 15`x' day of December, 2015. "O._.""e,�_,�w4zz_ Dan Di Guilio, Mayor ATTEST: APPROVED AS TO FO q eno�f VeQ�nineklasen, William E. oor, City Attorney PUBLISHED: be-a"bac & By Summary Summary of Ordinance Adopted by the Port Angeles City Council on December 15, 2015 Ordinance No. 3545 AN ORDINANCE of the City of Port Angeles, Washington, amends the 2015 budget. This Ordinance shall take effect five days after passage and publication of the summary. Ordinance No. 3546 AN ORDINANCE of the City of Port Angeles, Washington, amends Ordinance 3524, relating to salaries, wages and benefits for the City's non-represented management and administrative personnel. Ordinance No. 3547 AN ORDINANCE of the City Council of the City of Port Angeles, Washington, closes bond funds no longer active. This Ordinance shall take effect five days after passage and publication of the summary. 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 Friday 8:00 a.m. to 5:00 p.m. Jennifer Veneklasen City Clerk Published: December 20, 2015