HomeMy WebLinkAboutord1999-053RMTCOM COUNTY COUNCIL AGENDA BILL
NO. 99 -360
CLEARANCES
Initial
Date
Date Received in Council Office
Agenda Date
Assigned to. -
- riginator: Brad Bennett
66
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IJ �C
E C E `V/ j� � /J E D
SEP 14 1999
HATCOM COUNTY
COUNCIL
9 -21 -99
Introduction
Division Head:
Assessor
10/12/99
Finance / Council
Dept Head:
District Court
Executive
Prosecutor
Health
r
RECOMMENDED ACTION:
PASS
Hearing Examiner
PurchasingBudget:
Jail
Juvenile
Executive.
9 ►�
JYUBJEUT. '
AMENDING ORDINANCE 98 -67
Excess Cash In Certain Funds To Benefit The Same
ATTACHMENTS:
Proposed Ordinance
Related County Contract #:
Should Clerk schedule a hearing: NO / / YES /—/ Requested Date:
"UMMARYSTATEMENT.
his ordinance authorizes the County Treasurer to allocate interest
earnings from excess program funds at the average pool rate, to
benefit the program when there is a legal requirement to do so.
Ordinance & Resolution
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receive a copy after Council action.
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ADS Facilities Management
ADS Finance
Brad Bennett
ADS Human Resources
ADS Info Services
Assessor
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District Court
Executive
Dewey Desler,
Francine Kincaid
Health
RECOMMENDED ACTION:
PASS
Hearing Examiner
Jail
Juvenile
Planning
COUNCIL ACTION TAKEN: Prosecutor
Public Works
1999 - 360 9/21/99: Introduced Sheriff
10/12/99: Adopted 7 -0, Ord. #99 -053 Superior Court
Treasurer Barbara Cory
Other
Rei Ordinance or Resolution Number
(this item):
JMGENDn ., d.
SPONSORED BY: Consent _
PROPOSED BY: Executive
INTRODUCTION DATE: 9/21/99
ORDINANCE NO. 99 -053
AMENDING ORDINANCE 98 -67
AUTHORIZING EXCESS CASH IN CERTAIN FUNDS TO BENEFIT THE SAME
WHEREAS, it has been determined that only certain County funds may have their excess
cash invested to the benefit of the respective fund; and,
WHEREAS, interest earnings on excess cash represent the third largest source of revenue for
the Current Expense Fund; and, -
LA M 119 PAW
WHEREAS, it is a requirement of the federal government that when receiving drug seizure
money that it be invested to its own fund's benefit; and,
WHEREAS, it is necessary to clarify which funds can have excess cash invested for their
own benefit.
NOW, THEREFORE, BE IT ORDAINED by the Whatcom County Council that the
County Treasurer is hereby authorized to invest excess cash from the following funds for their
own benefit:
Fund #
Fund Description
Manager
165
Whatcom County Drug Fund
Prosecuting Attorney
169
Flood Control Zone District Fund
P.W. Director
180
Lake Management District No. 1 Fund
P.W. Director
202
RID Debt Service Fund
Treasurer
190
Road Improvement Districts Fund
Treasurer
325
Sewer Construction Fund
P.W. Director
401
Solid Waste Management Fund
P.W. Director
ADOPTED this 12 day of October , 1999.
!. • �avis, • cil Clerk
APPROVED AS TO FORM:
aie='A h \� ��
Civil Deputy Prosec t
WHATCOM COUNTY COUNCIL
WHATCOM COUNTY, WASHINGTON
) -/z � L
Mar ene Dawson, Chair
Approved () Denied
C� v
Pete Kremen, Executive
Date: