031-18 - Ordinance - Establish a Standarized Utility Fund Structure and Create New Enterprise FundsoRDtNANCE NO. 031-18
AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASH NGTON, TO
ESTABLISH A STANDARDIZED UTILITY FUND STRUCTURE AND CREATE
NEW ENTERPRISE FUNDS; PROV DING FOR SEVERABILITY AND
PUBL CATION; AND SETTING AN EFFECT VE DATE.
WHEREAS, from time to time, the City establishes or repeals fund designations
to improve usefulness and understandability of city fund balance information, and
provide more clearly defined categories to make the nature and extent of the
constraints placed on fund balance more transparent; and
WHEREAS, The Budget Accounting Reporting System (BARS) requires common
terminology and classification consistently throughout the budget, the accounts, and
the financial reports of each fund; and
WHEREAS, prior to the 20L9-2O2O Biennial Budget process the City Finance
Committee requested that the Water Sewer and other Utility Funds' structure be
reviewed and evaluated to identify if there could be gained efficiencies, accountability
and transparency; and
WHEREAS, during the 2OL9-202O Biennial Budget process the City Finance
Director identified changes to existing funds and general ledger account descriptions
along with the need to establish Funds contemplated in the 2OL9-2O20 Biennial Budget;
now, therefore,
THE C TY COUNC L OF THE C TY OF PORT ORCHARD, WASH NGTON, DO
ORDA N AS FOLLOWS:
SECTION 1. There is here by created a fund to be known as the "Water Operating Fund."
This fund will account for and report financial resources related to the operations of the Water
portion of the Water Sewer Utility.
SECTION 2. There is hereb y created a fund to be known as the "Water Stabilization
Fund" into which monies will be placed as designated by the City Council. Disbursement from
said Fund by the Finance Director shall be made in accordance with financial policies and upon
proper authorization by City Council.
SECTI ON 3. There is here by created a fund to be known as the "Water Capital Fund."
This fund wil! account for and report financial resources related to the construction of capital
improvements for the Water portion of the Water Sewer Utility.
SECTI oN 4.There is hereby created a fund to be known as the "Water Debt Service
Ordinance No.031-L8
Page 2 of 3
Fund." This fund will account for and report financial resources related to Debt Service for the
Water portion of the Water Sewer Utility.
SECT ON 5. There is hereby created a fund to be known as the "Sewer Operating Fund."
This fund will account for and report financial resources related to the operations of the Sewer
portion of the Water Sewer Utility.
There is hereby created a fund to be known as the "Sewer Stabilization
Fund" into which monies will be placed as designated by the City Council. Disbursement from
said Fund by the Finance Director shall be made in accordance with financial policies and upon
proper authorization by City Council.
SECT ON 7. There is hereby created a fund to be known as the "Sewer Capital Fund."
This fund will account for and report financial resources related to the construction of capital
improvements for the Sewer portion of the Water Sewer Utility.
SECTION 8. There is hereby created a fund to be known as the "Sewer Debt Service
Fund." This fund will account for and report financia! resources related to Debt Service for the
Sewer portion of the Water Sewer Utility.
SECTION 9. There is hereby created a fund to be known as the "Storm Drainage
Stabilization Fund" into which monies will be placed as designated by the City Council.
Disbursement from said Fund by the Finance Director shall be made in accordance with
financial policies and upon proper authorization by City Council.
SECT ON 10. There is hereby created a fund to be known as the "Storm Drainage Debt
Service Fund." This fund will account for and report financial resources related to Debt Service
for the Storm Drainage Utility.
SECT ON 11. For accounting and reporting purposes the Storm Drainage Capital
Facilities Fund is renamed Storm Drainage Capital Fund.
Severabilitv. !f any section, sentence, clause or phrase of this Ordinance
should be held to be unconstitutional or unlawful by a court of competent jurisdiction, such
invalidity or unconstitutionality shall not affect the validity or constitutionality of any other
section, sentence, clause or phrase of this Ordinance.
SECT ON 13. Public ation. Thi s Ordinance shal! be published by an approved summary
consisting of the title.
sEcTroN 14.Effect ive Date. This Ordinance shall take effect and be in full force and
effect five days after publication, as provided by law.
Ordinance No.031-18
Page 3 of 3
PASSED by the City Council of the City of Port Orchard, APPROVED by the Mayor and
attested by the Clerk in authentication of such passage this 23rd day of October 2OL8.
Robert Put suu, Mayor
ATTEST:SPONSOR:
inearson, MMC, City Clerk
APPROVED AS TO FORM:
Cates, City Attorney
ohn Clauson, Councilmember
:SE, !=tr
ra
PUBLISHED:
EFFECTIVE DATE:
Novemb er 2, 2OL8
NovemberT,}OLS
NOTICE OF CITY OF PORT ORCHARD
ORDINANCE
The following is a summary of an Ordinance approved by the Port Orchard City Council at their regular Council
meeting held October 23, 2018.
ORDINANCE NO. 031-18
AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, TO
ESTABLISH A STANDARDIZED UTILITY FUND STRUCTURE AND CREATE
NEW ENTERPRISE FUNDS; PROVIDING FOR SEVERABILITY AND
PUBLICATION; AND SETTING AN EFFECTIVE DATE.
Copies of Ordinance No. 031-18 are available for review at the office of the City Clerk of the City of Port Orchard.
Upon written request, a statement of the full text of the Ordinance will be mailed to any interested person without
charge. Thirty days after publication, copies of Ordinance No. 031-18 will be provided at a nominal charge.
City of Port Orchard
Brandy Rinearson
City Clerk
Published: Friday, November 2, 2018