HomeMy WebLinkAbout1970-1273 ,
O ORDINANCE NO. \al:3
AN ORDINANCE relating to municipal finance; creating and designating
purposes of a Contingency Fund and specifying sources of
funds for and the manner of authorizing eXpenditures
from such fund; creating Chapter 3.82, Contingency Fund,
and Sections 3.82.010, 3.82.020 and 3.82.030 as a new
chapter and new sections of the City of Yakima Municipal
Code; and declaring an emergency.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. Chapter 3.82, Contingency Fund, is hereby created
and adopted as a new chapter of the City of Yakima Municipal Code,
which new chapter, consisting of Sections 3.82.010, 3.82.020 and
3.82.030, shall read as follows:
CHAPTER 3.82
CONTINGENCY FUND
3.82.010 Fund created. There is hereby created a special
fund to be known as the Contingency Fund.
3.82.020 Source of funds--Limitation on amount--Lapse.
A. The contingency fund may be supported by a budget
111 appropriation from any tax or other revenue source not res-
tricted in use by law, or also may be supported by a trans-
fer from other unexpended or decreased funds made available
by ordinance as set forth in R.C.W. 35.33.121.
B. The total amount accumulated in such fund at any
time shall not exceed the equivalent of one and one-half
mills on each dollar of assessed valuation of property with-
in the city at that time.
C. Any moneys in the Contingency Fund at the end of
the fiscal year shall not lapse except upon re-appropriation
by the Council to another fund in the adoption of a sub-
sequent budget.
3.82.030 Purposes--Expenditures.
A. The moneys in the Contingency Fund may be used to
meet any municipal expense, the necessity or extent of which
could not have been foreseen or reasonably evaluated at the
time of adopting the annual budget, or from which to provide
moneys for those emergencies described in R.C.W. 35.33.081
and 35.33.091.
B. No expenditures shall be made from such fund unless
the City Council shall approve such expenditure by passing
an ordinance appropriating money within the fund for the
purpose for which the expenditure is to be made or by includ-
ing an appropriation for such purpose in the budget.
Section 2. This ordinance is one to provide for the immediate
preservation of the public peace, property, health, safety and welfare
. .
of the people of the City of Yakima and an emergency is hereby
declared to exist and this ordinance shall be in full force and effect
immediately upon its passage, approval and publication as provided by
law and by the City Charter.
411 PASSED BY THE CITY COUNCIL, signed and approved this 14th day of
December, 1970.
11"-4/?
• Mayor
ATTEST:
City Clerk
411
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