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File #: 2013-0478    Version:
Type: Ordinance Status: Passed
File created: 11/18/2013 In control: Budget and Fiscal Management Committee
On agenda: Final action: 2/18/2014
Enactment date: 2/26/2014 Enactment #: 17751
Title: AN ORDINANCE abolishing various operating and administrative funds and sub-funds in fiscal year 2013 and transferring any remaining net assets and fund balances; amending Ordinance 12076, Section 7, as amended, and K.C.C. 4A.200.020 and repealing Ordinance 15078, Section 1, as amended, and K.C.C. 4A.200.240.
Sponsors: Joe McDermott
Indexes: Funds
Code sections: 4A.200.240 - .
Attachments: 1. Ordinance 17751.pdf, 2. A. October 2013 Statement of Residual Balances of Funds and Sub-Funds Proposed for Closure, 3. A. October 2013 Statement of Residual Balances of Funds and Sub-Funds Proposed for Closure, 4. 2013-0478 Transmittal Letter.doc, 5. fiscal note.xls, 6. 2013-0478 Legislative Review form.pdf, 7. Revised Staff Report Proposed Ordinance 2013-0478 Fund Cancellations.doc, 8. Attachment 1 Striking Amendment to Proposed Ordinance 2013-0478.docx, 9. Attachment 2 Title Amendment to Proposed Ordinance 2013-0478.docx, 10. Staff Report Proposed Ordinance 2013-0478 Fund Cancellations.doc
Drafter
Clerk 02/06/2014
Title
AN ORDINANCE abolishing various operating and administrative funds and sub-funds in fiscal year 2013 and transferring any remaining net assets and fund balances; amending Ordinance 12076, Section 7, as amended, and K.C.C. 4A.200.020 and repealing Ordinance 15078, Section 1, as amended, and K.C.C. 4A.200.240.
Body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. There is hereby approved and adopted the October 2013 statement of residual balances of funds and subfunds proposed for closure, as presented in Attachment A to this ordinance. Abolishment of county funds as presented in Attachment A to this ordinance and the transfer of any remaining net assets and fund balances for these county funds and administrative subfunds are approved and adopted.
SECTION 2. Ordinance 15078, Section 1, as amended, and K.C.C. 4A.200.240 are each hereby repealed.
SECTION 3. Ordinance 12076, Section 7, as amended, and K.C.C. 4A.200.020 are each hereby amended as follows:
A. The council shall create by ordinance all accounting funds for which the council exercises appropriation authority.
B. The manager of the finance and business operations division may establish administrative funds and subfunds for which appropriations might be required or are necessary to meet legal, administrative and accounting requirements. These funds and subfunds shall be established consistent with generally accepted accounting principles and requirements. For all administrative funds and subfunds, the director of the department of executive services shall be the manager. The county may also establish trust and agency funds for its own resources that are not accounted for in other funds to comply with legal requirements or for fiscal management purposes.
C. The manager of the finance and business operations division may abolish administrative funds and subfunds when the original purpose for which the fund was created has been satisfied. An...

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