Chapter 1.76
EQUIPMENT RENTAL FUND

Sections:

1.76.010    Established – Purpose.

1.76.020    Under direction of city finance director.

1.76.030    Transfer of motor vehicle equipment – Rental rates.

1.76.040    Records and accounts.

1.76.050    Repealed.

1.76.060    Withdrawals or expenditures – Intrafund transfers.

1.76.070    Unexpended moneys to remain in fund.

1.76.080    Disposition of money upon abolishment of fund.

1.76.010 Established – Purpose.

There is created and established a special fund to be known and designated as the “equipment rental fund,” to be used as a revolving fund to be expended for salaries, wages and operations required for the repair, replacement, purchase and operation of motor vehicle equipment, and for the purchase of all equipment, materials and supplies to be used in the administration and operation of the fund. (Ord. 2303 § 1, 1964).

1.76.020 Under direction of city finance director.

The equipment rental fund created in this chapter shall be under the direction of the city finance director. (Ord. 2303 § 2, 1964).

1.76.030 Transfer of motor vehicle equipment – Rental rates.

All motor vehicle equipment of the various divisions and departments of the city has been transferred to the equipment rental fund, as directed by the city finance director.

The charges for the rental for the use of such motor vehicle equipment shall be sufficient to cover the maintenance, operation and replacement of such equipment, and the terms for the rental thereof shall be on an annual, monthly, daily or hourly basis as determined by the city finance director. A schedule of such charges shall be prepared by the city finance director, subject to the approval of the mayor and city council. Such rental rates may be reviewed and, if needed, be revised at least annually, to meet changing costs of maintenance, operation and replacement. (Ord. 15-01 § 3, 2015; Ord. 2303 § 3, 1964).

1.76.040 Records and accounts.

There shall be kept, by those directed by the city finance director, such books, accounts and records as are necessary to control and report the financial operations of the equipment rental fund, and shall further subdivide the cash account thereof into two separately designated accounts as follows:

(1) Account “A,” which shall be the “current operating account,” into which shall be placed those portions of the charges made to the various divisions and departments of the city of Hoquiam, in accordance with the provisions of Section 1.76.030, which are specifically billed said divisions and departments to provide sufficient moneys to pay the salaries and wages, materials, overhead or other costs necessary to operate and maintain all motor vehicle equipment rented thereto. There shall also be placed into account “A” moneys which may from time to time be made specifically available thereto by action of the mayor and city council.

(2) Account “B,” which shall be the “equipment reserve account,” into which shall be placed those portions of the charges made to the various divisions and departments of the city of Hoquiam, in accordance with the provisions of Section 1.76.030, which are specifically billed said divisions and departments to provide sufficient moneys, having first taken into consideration the necessary operating and maintenance costs billed under the preceding paragraph, to pay the costs of purchasing new equipment and replacing used equipment as required to carry out the purposes of the equipment rental fund. There shall also be placed in account “B” moneys which are derived from the direct sale of any of the equipment or other capital assets of the fund and any moneys which may from time to time be made specifically available thereto by action of the mayor and city council. (Ord. 2303 § 4, 1964).

1.76.050 Transfer of funds.

Repealed by Ord. 15-01. (Ord. 2303 § 5, 1964).

1.76.060 Withdrawals or expenditures – Intrafund transfers.

(1) Any withdrawals or expenditures from the equipment rental fund shall be made only in the following manner:

(a) Expenditures from account “A,” the current operating account, shall be made only upon duly approved payrolls and vouchers of the city of Hoquiam for the purposes ascribed to said account.

(b) Expenditures from account “B,” the equipment reserve account, shall be made only upon duly approved vouchers of the city of Hoquiam for the purposes ascribed to said account.

(2) When deemed appropriate, moneys deposited in account “B” may be transferred back to the department from which the funds originated upon adoption of a resolution of the city council. (Ord. 15-01 § 4, 2015; Ord. 2303 § 6, 1964).

1.76.070 Unexpended moneys to remain in fund.

All moneys deposited in the equipment rental fund and not expended as provided in this chapter shall remain in the fund from year to year and shall not be transferred to any other fund or expended for any other purpose whatsoever. (Ord. 2303 § 7, 1964).

1.76.080 Disposition of money upon abolishment of fund.

If, at any time hereafter, the mayor and city council abolish the equipment rental fund, all moneys on deposit therein shall revert to and be deposited in the several funds and divisions participating in the equipment rental fund. (Ord. 2303 § 8, 1964).