HomeMy WebLinkAbout2720 Closing of Various FundsORDINANCE c~ ~ ~-- O
AN ORDINANCE authorizing the closing of the
following City Accounting Funds:
1956 Water Works and System Construction Fund
1992 Wastewater Treatment Plant Construction Fund
Cumulative Reserve Fund for Olympic Gravity System
State Aid Fund
War Liquor Tax Fund
Street Lighting Fund
Public Works Employment Act Fund - Vouchers
Public Works Employment Act Fund
Library Services and Construction Act Grant Fund
Flexible Benefits Fund
Sailors Fund
WItEREAS, The City wants to eliminate unnecessary accounting funds, so that the
City's accounting
for funds is more efficient and easier to comprehend.
WHEREAS, The following funds all have a zero fund balances: 1956 Water Works
and System Construction Fund, 1992 Wastewater Treatment Plant Construction Fund,
Cumulative Reserve Fund for Olympic Gravity System, State Aid Fund, War Liquor Tax
Fund, Street Lighting Fund, Public Works Employment Act Fund - Vouchers, Public
Works Employment Act Fund, Library Services and Construction Act Grant Fund,
Flexible Benefits Fund, Sailors Fund.
THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND IN REGULAR
SESSION ASSEMBLED DOES ORDAIN AS FOLLOWS:
Section 1. The aforementioned funds shall be closed. The City Finance Director is
hereby directed to close these funds.
Section 2. If any provision of this ordinance is declared by any court of competent
jurisdiction to be contrary to law, then such provision shall be null and void and shall
be deemed separable from the remaining provisions of this ordinance and shall in no way
affect the validity of the other provisions of this ordinance.
This ordinance shall take effect and be in force five days after the date of
its publication in the manner provided by law.
ADOPTED by the City Council of the City of Port Townsend,
Washington,
this December 13th, 1999.
ATTEST:
CITY OF PORT TOWNSEND,
WASHINGTON
Mayor
APPROVED AS TO FORM:
Ordinance