HomeMy WebLinkAboutord2001-030WHATCOM COUNTY COUNCIL AGENDA BILL NO. 2001 -188
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Introduction
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Finance / Council
Dept Head:
Prosecuror
SUBJECT:
An Ordinance Establishing A New Fund Dedicated To The Whatcom County Supplemental Retirement Plan
ATTACHMENTS:
Proposed Ordinance
Related County Contract #:
Should Clerk schedule a hearing: NO / / YES /_/ Requested Date:
SUMMARY STATEMENT:
his ordinance establishes the Whatcom County Supplemental
eetirement Fund, which will be dedicated to the operation of the
Whatcom County Supplemental Retirement Plan. The fund will
simplify the accounting jar this plan and will be administered by the
Director of Administrative Services.
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Distribution Request
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Brad Bennett
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Karen Goens
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Dewey Desler
Francine Kincaid
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COUNCIL ACTION TAKEN:
2001 - 188 5/29/2001: Introduced
6112/2001: Adopted M, Ord. #2001 -030
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Ordinance or Resol lion Number
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WHATCOM COUNTY
ADMINISTRATIVE SERVICES
Whatcom County Courthouse
311 Grand Avenue, Suite 108
ellingham, WA 9822SA083
DDesler@co.whatcom ma.us
DEWEY G. DESLER
Director
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MEMORANDUM
TO: Dewey Desler, Administrative Services Director
FROM: Brad Bennett, Finance Manager
DATE: May 22, 2001
FINANCE/ACCOUNTING
SUBJECT: Creation of Supplemental Retirement Fund and Inmate Trust Fund
Whatcom County Courthouse
311 Grand Avenue, Suite 503
Bellingham, WA 98225 -4038
Finance@m.whatcom.wa.us
BRAD BENNETT
Manager
I submitted two ordinances last week for your consideration. If adopted, these ordinances will create
two new funds, the Supplemental Retirement Fund and hnnate Trust Fund. I believe these funds are
necessary for good accountability in these areas.
Because we want to keep the number of funds as low as possible, I will be drafting an ordinance for
introduction at the next council meeting that proposes the elimination of fifteen funds that are no
longer necessary.
Please call me if you need any additional information.
Em
Administration Facilities Management nnance/Aomunting Human Resources Information Servion County Residents
(360) 676 -6717 (360) 676 -6746 (360) 676 -6734 (360) 676 -6802 (360) 676 7684 (360) 398 -1310
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INTRODUCED BY: Consent
PROPOSED BY: Executive
DATE: Mav 29.2001
ORDINANCE NO. 2001 -030
ESTABLISHING A NEW FUND DEDICATED TO THE
WHATCOM COUNTY SUPPLEMENTAL RETIREMENT PLAN
WHEREAS, effective July 1, 2001, Whatcom County has established a Supplemental
Retirement Plan, and
WHEREAS, the Whatcom County Supplemental Retirement Plan includes an employer
contribution on behalf of each participant, which is subject to the plan's vesting schedule, and
WHEREAS, establishing a separate fund for the Whatcom County Supplemental Retirement
Plan will simplify accounting for the employer contributions.
NOW, THEREFORE, BE IT ORDAINED by the Whatcom County Council that a new fund is
hereby established, titled the " Whatcom County Supplemental Retirement Fund." This new fund
shall be dedicated to the operation of the Whatcom County Supplemental Retirement Plan and
the Whatcom County Director of Administrative Services shall be responsible for administration
of the fund.
ADOPTED this 12 day of June , 2001.
WHATCOM COUNTY COUNCIL
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APPROVED as to form:
Randall J. Wa
Chief Civil Deputy Prosecutor
( pproved ()Denied
i; Kremen, Executive
Date: W �
-49/