HomeMy WebLinkAboutOrd 2322 - Establishment of Central Treasury FundCity of Tukwila
Washington
Ordinance No. 3 a
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, RELATING TO THE ESTABLISHMENT OF A CENTRAL
TREASURY FUND, SPECIFICALLY REPEALING AND RESTATING
TUKWILA MUNICIPAL CODE CHAPTER 3.24; REPEALING ORDINANCE
NO. 659 §1; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN
EFFECTIVE DATE.
WHEREAS, the current Payroll and Claims Funds chapter of the Tukwila Municipal
Code was established in 1971 by Ordinance No. 659, and operational changes require
an update to the regulations; and
WHEREAS, the City Council recognizes the efficiencies gained by consolidating
and simplifying the accounting for cash and investments for the City; and
WHEREAS, the City Council has considered the additional opportunities for
investing and increased investment earnings potential with a Central Treasury Fund;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA,
WASHINGTON, HEREBY ORDAINS AS FOLLOWS:
Section 1. Regulations Established. Tukwila Municipal Code Chapter 3.24,
"Central Treasury Fund," is hereby restated to read as follows:
TMC Section 3.24.010, "Established." There is hereby established in the City,
pursuant to RCW 35.21.085, a special fund to be known as the Central Treasury Fund
for payment of salaries, wages, employee benefits, and claims against the City.
Section 2. Repealer. Ordinance No. 659 §1 is hereby repealed.
Section 3. Severability. If any section, subsection, paragraph, sentence, clause or
phrase of this ordinance or its application to any person or situation should be held to
be invalid or unconstitutional for any reason by a court of competent jurisdiction, such
invalidity or unconstitutionality shall not affect the validity or constitutionality of the
remaining portions of this ordinance or its application to any other person or situation.
Section 4. Effective Date. This ordinance or a summary thereof shall be published
in the official newspaper of the City, and shall take effect and be in full force five days
after passage and publication as provided by law.
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PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON,
at a Regular Meeting thereof this fl N day of -FQ,b rc4 cv y , 2011.
ATTEST /AUTHENTICATED:
Christy O . FI: erty, City Clerk
APPROVED
BY:
Shelley M. Ker e, ity Attorney
iled with t e City Clerk: --)-.-I
Passed by the City Council: ' f),-I
Published: -/0-1/
Effective Date: -1 /
Ordinance Number: c).
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City of Tukwila Public Notice of Ordinance Adoption for Ordinance 2322.
On February 7, 2011 the City Council of the City of Tukwila, Washington, adopted the
following ordinance the main points of which are summarized by title as follows:
Ordinance 2322: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, RELATING TO THE ESTABLISHMENT OF A CENTRAL
TREASURY FUND, SPECIFICALLY REPEALING AND RESTATING TUKWILA
MUNICIPAL CODE CHAPTER 3.24; REPEALING ORDINANCE NO. 659 §1;
PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE.
The full text of this ordinance will be provided upon request.
Christy O'Flaherty, CMC, City Clerk
Published Seattle Times: February 10, 2011