HomeMy WebLinkAbout4833 AN ORDINANCE of the City Council of the City of
Bremerton, Washington, adding a new chapter, Chapter 3.38,
establishing the Discretionary Reserve Fund for the purpose of
funding non-recurring expenditures approved by the City Council.
WHEREAS, the City Council approved the formation of a Discretionary Reserve
on August 14, 2002; and
WHEREAS, the City Council desires to establish a new chapter of the Bremerton
Municipal Code, Chapter 3.38 entitled "Discretionary Reserve Fund" to fund non-recurring
expenditures, NOW THEREFORE,
THE CITY COUNCIL OF THE CITY OF BREMERTON, WASHINGTON,
DOES HEREBY ORDAIN AS FOLLOWS:
SECTION I. A new chapter, Chapter 3.38 entitled "Discretionary Reserve
Fund" is hereby added to the Bremerton Municipal Code to read as follows:
CHAPTER 3.38
DISCRETIONARY RESERVE FUND
3.38.010 Established.
There is hereby established a special revenue fund to be called the "Discretionary
Reserve Fund." The fund is established to fired non-recurring expenditures approved by the City
Council. Separate accounts shall be created to hold funding for General Fund purposes and
restricted use funding sources.
3.38.020 Source of Funds.
Funds identified as excess to City's operating needs may be used to fund the
Discretionary Reserve Fund.
3.38.030 Administration and Expenditure.
The Discretionary Reserve Fund shall be operated as a special revenue fund administered
by the Finance Director and the Mayor. All monies received by the fund, together with
investment earnings thereon, may be expended only in the following manner:
(a) The City Council may authorize, by majority vote, use of the funds to pay non-
recurring expenditures.
(b) Expenditure requests shall be funded only from the account in which any use
restrictions are consistent with the stated purpose of the expenditure.
Discretionary Reserve Fund
SECTION 2. Severability. If any one or more sections, subsections, or
sentences of this Ordinance are held to be unconstitutional or invalid, such decision shall not
affect the validity of the remaining portion of this Ordinance and the same shall remain in full
force and effect.
SECTION $. Effective Date. This ordinance shall take effect and be in force ten
(10) days from and after its passage, approval and publication as provided by law.
APPROVED by the City Council the ~d~gD day of~~.em~,t~~, 2002
PASSED by the City Council the ~ day ofa~.~m~.e' ' 2002
CAROL ARENDS, Council President
Approved this ~ day of~ ,2002
CARY BOZEMAN, Mayor
KA~THLEEN M
)Q[,USKEY, City Clerk
APPROVED AS TO FORM:
PUBLISHED the~ day of
EFFECTIVE the ~day of
ORDrN2U, CE NO.
,2002
,2002
R:\LEGAL\OrdinancesXFinanceXDiscretionary Reserve Fund.doc
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Discretionary Reserve Fund
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AFFIDAVIT OF PUBLICATION
No. Ad # 100036505
STATE OF WASHINGTON
COUNTY OF KITSAP
I, Peggy Szumiesz, being first duly sworn on oath, deposes and says: That she is now, and at all times
embraced in the publication herein mentioned was the principal clerk of the printers and publishers of THE
SUN; that said newspaper has been approved as a legal newspaper by order of the Superior Court of the
County of Kitsap, in which County it is published and is now and has been for more than six months prior
to the date of the publication hereinafter referred to, published in the English language continually as a
daily newspaper in Bremerton, Kitsap County, Washington, and is now and during all of said time, was
printed in an office maintained in the aforesaid place of publication of said newspaper; December 10, 2002
and that such newspaper was regularly distributed to its subscribers during all of said period. That the full
amount of the fee charged for the foregoing publication is the sum of $37.63 which amount has not been
paid in full.
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(Signature of Principal Clerk) (!--< p..WN ^" '~\:'
Subscribed and sworn to before me this day of December 23, 2002. '0 <J .. .. .. .. !1<'A \1~'
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Notary Public in and for the State of Washington, Kitsap County. .),)~ ':. J>0.9LIC : ',r
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AN ORDINANCE ofthe City Council of the City of Bremerton, Washington, adding a new chapte;-;"\);:,;::\:).sS';s'::'",
Chapter 3.38, establishing the Discretionary Reserve Fund for the purpose of funding non-recurring
expenditures approved by the City Council.-
ORDINANCE NO. 4833'
Approved by the City Council the 26th day of November, 2002.-
Passed by the City Council the 4th day of December, 2002.-
The full text of this ordinance is available from the City Clerk's Office, 239 Fourth Street, Bremerton, W A
98337.-
December 10,2002--#100036505-