File #: 2024-0302    Version:
Type: Ordinance Status: Passed
File created: 10/1/2024 In control: Budget and Fiscal Management Committee
On agenda: Final action: 11/19/2024
Enactment date: Enactment #: 19848
Title: AN ORDINANCE abolishing the 2008-2013 parks operating levy, the 2008-2013 open space and trails levy, and the 2014-2019 parks, trails, and open space replacement levy subfunds, and transferring any remaining net assets and fund balances to the parks operating fund; and amending Ordinance 14793, Section 2, as amended, and K.C.C. 4A.200.480 and Ordinance 15966, Section 2, as amended, and K.C.C. 4A.200.490.
Sponsors: Girmay Zahilay
Indexes: Funds, levy, parks
Attachments: 1. A. August 2024 Statement of Residual Balances of Funds Proposed for Closure, 2. 2024-0302 Transmittal Letter, 3. 2024-0302 Fiscal Note, 4. 2024-0302 Legislative Review Form, 5. 2024-0302_SR_Parks Fund Closure 10-29-24, 6. 2024-0302_SR_ParksFundClosure 11-13-24, 7. 2024-0302_ATT2_AMD1, 8. 2024-0302_ATT3_T1, 9. 2024-0302_Revised_SR_ParksFundClosure
Staff: Sherrie Hsu
Drafter
Clerk 11/12/2024
title
AN ORDINANCE abolishing the 2008-2013 parks operating levy, the 2008-2013 open space and trails levy, and the 2014-2019 parks, trails, and open space replacement levy subfunds, and transferring any remaining net assets and fund balances to the parks operating fund; and amending Ordinance 14793, Section 2, as amended, and K.C.C. 4A.200.480 and Ordinance 15966, Section 2, as amended, and K.C.C. 4A.200.490.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. There is hereby approved and adopted the August 2024 statement of residual balances of the subfunds prepared for closure, as presented in Attachment A to this ordinance. Abolishment of county subfunds as presented in Attachment A to this ordinance and the transfer of any remaining net assets and subfund balances for those county funds is approved and adopted.
SECTION 2. Ordinance 14793, Section 2, as amended, and K.C.C. 4A.200.480 are each hereby amended as follows:
A. There is hereby created the parks and recreation fund.
B. The fund shall be a first tier fund. It is a special revenue fund.
C. The director of the department of natural resources and parks shall be the manager of the fund.
D. The fund shall account for the receipt of tax levy revenues and other moneys, and for the disbursement in accordance with this section:
1. ((The proceeds of the six-year property tax levy approved by the voters of King County on August 21, 2007, under Ordinance 15759, in excess of the levy limitation contained in chapter 84.55 RCW and other revenue for the park and recreation purposes outlined in this subsection B.2. In accordance with Ordinance 15759, Section 4, the levy proceeds shall be deposited in a levy subfund of the parks and recreation fund, or its successor. The levy shall be used for the purposes specified in Ordinance 15759, Section 5;
2.a. The proceeds of the six-year property tax levy approved by the voters of King County on August 21, 2007,...

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