The URL can be used to link to this page

Home My WebLink About5280 ORDINANCE NO. 5280 AN ORDINANCE of the City Council of the City of Bremerton, Washington, amending Chapter 3.36 of the Bremerton Municipal Code entitled "Contingency Reserve Fund." WHEREAS, the City Council desires to amend and update provisions of Chapter 3.36 of the Bremerton Municipal Code relating to the Contingency Reserve Fund; NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BREMERTON, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Chapter 3.36 of the Bremerton Municipal Code entitled "Contingency Reserve Fund" is hereby amended to read as follows: 3.36.010 ESTABLISHED. There is established a special revenue fund to be called the "Contingency Reserve Fund." The fund is established to protect the City's General Fund in the event of unforeseen and unfunded expense or an emergency as set forth in RCW 35.33.145, as currentiv enacted and hereinafter amended. 3.36.020 AMOUNT AND SOURCE. The minimum Contingency Reserve Fund balance shall be established�x-t�ean amount e€ eQuivalent to ^��-��"�� a�"�� Q',�"�,"^"` thirtv-seven and one-half cents per thousand dollars of assessed valuation of propertv within the Citv at such time, or such other amount as established bv RCW 35.33.145 ("Minimum Fund Balance"). If at any time the cash balance of the fund is less than , , the Minimum Fund Balance, a repayment plan shall be established by the Mayor and approved by the City Council to replenish the fund to its minimum level. The proceeds of sale of all General Fund real property shall be deposited to the Contingency Reserve Fund. 3.36.030 ADMINISTRATION AND EXPENDITURE. . , , • , e�� The Contin�encv Reserve Fund shall be operated as a special revenue fund administered by the Director of Financial Services and the Mayor. All monies received by the fund, to e� with investment earnings thereon, mav be expended only in the following manner: (a) Emer�encv or Unfunded Unforeseen Expense. Funds may be expended from the Contin e�ncy Reserve Fund in the event of 1) a bona fide emer�y as defined in and pursuant to RCW 35.33.081 and RCW 35.33.091, as currentiv enacted and hereinafter amended, 1 Chapter 3.36 BMC— Contingency Reserve Fund or 2) for an unforeseen and unfunded expense. In either event, funds may be withdrawn from the Contingency Reserve Fund by transfer to the a�pro�riate operating fund authorized bXresolution or ordinance adopted bv the Citv Council pursuant to RCW 35.33.147, as currentiv enacted and hereinafter amended. A unanimous vote of all members of the Citv Council shall be required to authorize fund transfer. �bl Funds in Excess of Minimum Fund Balance. Should the balance of the Contin�ency Reserve Fund at any time exceed the Minimum Fund Balance, the excess funds mav be used for capital purchases upon City Council approval by simple majori vote. �� n�n �vr�umin�T �v��rnTcr�rz-xvr� e � e SECTION 2. Severabilitv. 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 3. E(fective 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. PASSED by the City Council the /.`"J — day of V� , 2015 W GRE HEELER, Council President Approved this�day of ��C.L-- , 2015 ` PATTY LEN or ATTEST: APPROVED AS TO FORM: SHANNON CORIN,City Clerk R ER A. LUBOVICH,C�t y PUBLISHED the � day of V(�- , 2015 EFFECTIVE the day of , 2015 ORDINANCE NO. � R:�L.egal\I,cgal\Ordinances\f5nance\Chepter 3.36[3MC-Conungency Reserve Fund docx 7 Chapter 3.36 BMC— Contingency Reserve Fund AFFIDAVIT OF PUBLICATION Account#342133 AD#610771 STATE OF WASHINGTON COUNTY OF KITSAP I, Teresa Hull, 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 KITSAP SiJN; 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 publi- cation hereinafter referred to, published in the English language continually as a daily newspaper in Bremerton, Kitsap County, Washington, a weekly newspaper in 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; that the following is a true text of an advertisement as it was published in regular issues (and not in supplement form) of said newspaper on the following date, to wit:And on July 21, 2015 such newspaper was regularly distributed to its subscribers during all of said period. The full amount of the fee charged for the foregoing publication is the sum of$46.93. This amount has not been paid in full. Notary Public State of Washington TISHA SULL�VAN Si nature of Princi al Clerk My Appointment Expires Aug 4,2018 � g p � Subscribed and sworn to before me this day of July 23, 2015. d�� ' ORDINANCE N0.5280 AN ORDINANCE of the City Council of the City of Bremer- ton, Washington, amending Chapter 3.36 of the Bremer- ton Municipal Code entitled "Contingency Reserve Fund:' PASSED by the City Council on the 15th day of July,2015. The full text of this ordinance is available from the City Clerk's Office, 345 Sixth Street,Suite 600,Bremerton, WA 98337. JULY 21,2015 AD#610771 - . ;:��