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HomeMy WebLinkAbout4084 AN CllDINANCE relating to the establisl~nent of an Equil:ment Rental Fund, prescribing the use of said fund, the purchase, repair, maintenance and opera- tion of City-owned equipment and repealing Ordinance Nos. 3528, 3788, 3789, 3790, 3791, 3792 and 3793, Codified as ~ 3.68.010 through }tVI2 3.68.110. 2I-IE CIT~ OF ~TON IX)ES CllII~IN: SEC'TI(lq 1. tl~JIl~h~Igr RENTAL RESERVE F[IND (21tF.,~-IK): There is hereby created an Equipment Rental Reserve Fund which shal 1 be used as a revolving fund to be expended for the purchase and replacement of equipment. SECFICt~I 2. FtlqD~ - AIIVIINISTRATICt~h The EquilJnent Rental Reserve Fund shall be administered by the Mayor in accordance with ~ 35.21.088 and the direction of the Washington State Auditor. SECTI(lq 3. l~I~ INCLL1DED: (a) All trucks, passenger cars and construction equipment currently in the EquilJnent Rental Fund shall be in the Fund established by this Ordinance. All vehicles and equip- ment currently owned by the various City departments may be transferred to the Equil2ment Rental Reserve Fund at the direction of the City Council. (b) Certain specialized items of equilxnent may, at the direction of the City Council, be expressly excluded from the EquilJnent Rental Reserve Fund. SECrICIq 4. FUND TflANSFER: All funds on deposit with the City Treasurer, all accounts receivable and all outstanding obligations of the current Equipment Rental Fund shall be transferred to the Fund herein established on the effective date of this Ordinance. SI~CTICN 5. l~I~ USE (2I-IAIIGES: Each department using equip- ment which is part of the equipment pool shall pay into the Equil:ment Rental Reserve Fund monthly, a charge for replacement for each items, based on the cost of acquisition and the estimated useful life of the particular item. SF_L~ICIq 6. RII2ClIDS AND gl2121JlgrS: The City Treasurer shall keep such records and accounts as directed by the Mayor and in accordance with the various directives published by the Washington State Auditor. SF_/YFICIq 7. PLIlII2I-IASES: All purchases made from the Fund shall be in accordance with the Charter and Ordinances of the City of Bremerton. sEcrIC[~ 8. EXPENDITtJRES: Any withdrawals or expenditures from from said Equil~nent Rental Reserve Fund shall be made only upon approved vouchers of the City. SF_L-TI(IN 9. DEPOSITS: All monies deposited in the F, quiprnent Rental Reserve Fund, including amounts included therefore in the annual budget of the City and not expended as in this Ordinance provided, shall remain in the Fund from year to year and shall not be transferred to any other fund or expended for any purpose whatsoever, except as in this ordinance provided; PN2NIDED, ~, that any money in the Equipment Rental Reserve Fund not currently required will be invested by the City Treasurer after consultation with the Investment Ceflmittee. SECTIC~I 10. DISPOSITIC~: If at any time hereafter the Council of the City of Bremerton shall abolish said Equipment Rental Reserve Fund, all monies on deposit therein shall revert to the Cunulative Reserve Fund No. 103. SFL~IC[~ 11. CIqDI~S REPEAI.I~D: The following Ordinances are hereby repealed: Nos. 3528, 3788, 3789, 3790, 3791, 3792 and 3793. AP~ by the City Council on the first reading this _ ~__~ day of ~/f~Z~J~/,' , 1986. PASSED by the City Council of the City of Bremerton, signed by the Mayor and attested by the City Clerk in authentication of such passage this . ~'~.~-~ day of 7/z~-z~~ 1986. ~,,fty of Bremerton ATI'EST: I~Tr~.~l L. IVl212BUSK~, City Clerk Director of Administrative Services