HomeMy WebLinkAbout3363 Adopting New Port Townsend Municipal Code (PTMC) Sections 3.04.440, 3.04.445, 3.04.450, and 3.04.455 Relating to Separate Water and Sewer Operating and Capital FundsOrdinance 3363
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ORDINANCE NO.3363
AN ORDINANCE OF THE CITY OF PORT TOWNSEND, WASHINGTON,
ADOPTING NEW PORT TOWNSEND MUNICIPAL CODE (PTMC) SECTIONS
3.04.440, 3.04.445, 3.04.450, AND 3.04.455 RELATING TO SEPARATE WATER
AND SEWER OPERATING AND CAPITAL FUNDS.
WHEREAS, the City currently has a combined water and sewer operating fund as well as
a combined water and sewer capital fund; and
WHEREAS, combining water and sewer utility activity makes it difficult to clearly track
the individual utilities' revenues, expenditures, and fund balances; and
WHEREAS, separating the water and sewer utility operating and capital funds will allow
for improved accounting of the individual utilities' revenues, expenditures, and fund balance; and
WHEREAS, the City will update the utility rate models for water, sewer, and storm in
2026, and establishing separate water and sewer operating and capital funds will support that work;
and
WHEREAS, staff recommends the creation of these funds; and;
NOW, THEREFORE, the City Council of the City of Port Townsend, Washington, do
ordain as follows:
Section 1. New PTMC Section 3.04.445 (Water (:)Legati�jg Funds, Adopted.w
A new Port Townsend Municipal Code Section 3.04.445 is hereby adopted to read as
follows:
3.04.445 Water operating fund.
The water operating fund is established as an enterprise fund to account for the operating
revenues and expenditures of the City's water utility.
Section 2. New PTMC Section 3,04,440 (WA!gr Capital Tund Ado ted..
A new Port Townsend Municipal Code Section 3.04.440 is hereby adopted to read as
follows:
3.04.440 Water capital fund.
The water capital fund is established to account for capital improvement, construction, and other
capital activity related to the City's water system and water -related infrastructure.
Section 3 New l l f fiC Section 3.04m.455 Sewer C .erati1 Fund opted.
A new Port Townsend Municipal Code Section 3.04.455 is hereby adopted to read as
follows:
Ordinance 3363
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3.04.455 Sewer operating fund.
The sewer operating fund is established as an enterprise fund to account for the operating
revenues and expenditures of the City's sewer utility.
Section 4. Newww['TNIC, Section 3,04.450mm ewer (aprta:l Fund), , Ado, tc l„
A new Port Townsend Municipal Code Section 3.04.450 is hereby adopted to read as
follows:
3.04.450 Sewer capital fund.
The sewer capital fund is established to account for capital improvement, construction, and other
capital activity related to the City's sewer system and sewer -related infrastructure.
Sectionµ 5. Severabtl it. If any section, sentence, clause, or phrase of this Ordinance should be
held to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the
validity or constitutionality of any other section, sentence, clause, or phrase of this ordinance
Sc.tit tiww6 1 Y ective Date, This Ordinance shall take effect and be in force five days following its
publication in the manner provided by law.
ADOPTED by the City Council of the City of Port Townsend, Washington, by a vote of
the majority of the City Council plus one, at a regular business meeting thereof, held this 2nd day
of February 2026.
&11 llor and
Mayor
Attest:
Aiyss o es
Ci G (