Ordinance 03-009 Establishes Accounting Funds ORDINANCE NO. 9
CITY OF SPOKANE VALLEY
SPOKANE COUNTY, WASHINGTON
AN ORDINANCE OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY,
WASHINGTON, ESTABLISHING ACCOUNTING FUNDS
WHEREAS, in connection with the incorporation of the City of Spokane Valley, and its
municipal functions and financial operations, it is appropriate to establish accounting funds for
the City of Spokane Valley.
NOW, THEREFORE, the City Council of the City of Spokane Valley, Spokane County,
Washington, do ordain as follows:
Section 1. General Fund.
There is hereby established a fund to be known as the General Fund out of
which current expenses of the City of Spokane Valley shall be paid, and which will be used to
account for financial transactions of the general operating functions of City Departments, and to
account for those transactions not properly accounted for in another fund.
Section 2. Street Fund.
There is hereby established a fund to be known as the Street Fund into
which shall be paid all moneys received by the City of Spokane Valley as diverted road taxes
pursuant to RCW 35.02.140, and into which may be paid moneys received by the City of
Spokane Valley as distributions, pursuant to RCW 46.68.090(1)(i), of the motor vehicle fuel
taxes imposed by the State of Washington. Moneys in the fund shall be used generally by the
City of Spokane Valley for planning, establishing, constructing, repairing and maintaining the
City's streets, sidewalks and appurtenances, including pedestrian and bicycle paths, lanes and
routes. However, nothing herein shall prohibit the City Council from appropriating such
additional moneys to the fund as may be deemed necessary. Accounting and reporting
procedures as to all street expenditures shall comply with the current manual of instructions
published by the Washington State Auditor.
Section 3. Severability.
If any section, sentence, clause or phrase of this Ordinance should be held
to be invalid or unconstitutional, such decision shall not affect the validity or constitutionality of
any other section, sentence, clause or phrase of this Ordinance.
Section 4. Effective Date.
This Ordinance shall be in full force and effect on the official date of
incorporation provided publication of this Ordinance or a summary thereof occurs in the official
newspaper of the City as provided by law.
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Passed By the City Council of the City of Spokane Valley on December /CD, 2002.
Mayor, Mic ael De lemin
ATTES-
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Interim City Clerk, Ruth Muller
Approved As To Form:
rad arrt —
I i teri City A .ITY, Stanley 4. Schwartz
Date of Publication: Aleuv44, 'f� zoo 3
Effective Date: 4Ac L11,.460_3
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