Chapter 1.93
CUMULATIVE RESERVE FUND FOR THE PURCHASE OF EQUIPMENT AND MAJOR IMPROVEMENTS IN THE COMMUNITY SERVICES DEPARTMENT

Sections:

1.93.010    Created.

1.93.020    Moneys budgeted.

1.93.030    Expenditure of funds.

1.93.040    Statutory authority.

1.93.010 Created.

There is created a cumulative fund for municipal purposes to be known as “cumulative reserve fund for capital expenditures in the community services department.” (Ord. 08-14 § 4, 2008; Ord. 90-19 § 1, 1990).

1.93.020 Moneys budgeted.

The moneys in said fund shall be such sums as may hereafter be budgeted for the cumulative reserve fund, and shall be used for capital expenditures for equipment purchases and major improvements. (Ord. 90-19 § 2, 1990).

1.93.030 Expenditure of funds.

The moneys expended from this cumulative reserve fund shall be expended only upon warrants duly authorized and directed by the mayor and city council. (Ord. 90-19 § 3, 1990).

1.93.040 Statutory authority.

This fund is established under and by virtue of the authority contained in RCW 35.21.070 and 35.21.080 and shall be subject thereto. (Ord. 90-19 § 4, 1990).