File #: 2011-0395    Version:
Type: Ordinance Status: Passed
File created: 10/3/2011 In control: Budget and Fiscal Management Committee
On agenda: Final action: 11/9/2011
Enactment date: 11/18/2011 Enactment #: 17225
Title: AN ORDINANCE adopting Fund Management Policies for the public transportation fund.
Sponsors: Julia Patterson, Larry Phillips
Indexes: Funds, Transportation
Attachments: 1. 17225.pdf, 2. A. Transit Program Fund Management Policies, 3. 2011-0395 Fiscal Note.xls, 4. 2011-0395 transmittal letter.doc, 5. Staff Report 10-25-11, 6. Staff Report 11-01-11, 7. Staff Report 11-01-11: Attachment 2 - Amendment, 8. Staff Report 11-01-11: Attachment 2- Revised Attachment A, 9. A. Fund Management Policies for the Public Transportation Fund, November 8, 2011, 10. Staff Report 11-09-11, 11. Staff Report Attachment 1: Amendment 1, 12. Staff Report Attachment 1: Revised Attachment A, 13. 17225 Amendment 1 - 11-9-11.pdf
Staff: Resha, John
title
AN ORDINANCE adopting Fund Management Policies for the public transportation fund.
body
STATEMENT OF FACTS:
1.  Adopted transit fund management policies provide a framework to ensure the financial health and viability of the public transportation fund.
2.  The council called for a performance audit in 2009 of the transit division which resulted in recommendations that existing financial policies were reviewed.
3.  The adopted Strategic Plan for Public Transportation includes financial strategies that were previously identified as financial policies.
      BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
      SECTION 1.  The Fund Management Policies for the Public Transportation Fund, Attachment A to this ordinance, are hereby approved.