Title
Approval of an Ordinance Related to Chapter 3.04 Funds of the Olympia Municipal Code
Recommended Action
Finance Committee Recommendation:
The Finance Committee recommends approval of the ordinance related to Chapter 3.04 Funds of the Olympia Municipal Code.
City Manager Recommendation:
Move to approve the ordinance related to Chapter 3.04 Funds of the Olympia Municipal Code on second reading.
Report
Issue:
Whether to approve an ordinance to update Chapter 3.04 Funds in the Olympia Municipal Code.
Staff Contact:
Stacie Tellers, Acting Accounting Supervisor, Administrative Services, 360.753.8599
Presenter(s):
None - Consent Calendar item.
Background and Analysis:
Background and analysis has not changed from first to second reading.
The City of Olympia Municipal Code (OMC) Chapter 3.04 is where the codification of Funds is documented. This is the official location where all funds are described, including why they were created, how resources are collected, and how they can be used.
The OMC, in its current form, was adopted in 1982. Since that time several ordinances established new and/or changed sections. Therefore, the current Chapter 3.04 contains Fund information that is outdated, obsolete or incomplete. Additionally, there are some City Funds that have been authorized but not yet codified.
The proposed Chapter 3.04 Funds is also reorganized to make it easier for people to find fund information.
On November 8, 2017, the Finance Committee reviewed the ordinance and authorized staff to forward the ordinance to the City Council with their recommendation to approve it.
Neighborhood/Community Interests (if known):
This update will make it easier for the public to find information on the City Funds.
Options:
1. Move to approve the ordinance related to Chapter 3.04 Funds of the Olympia Municipal Code. Chapter 3.04 Funds will be up-to-date, well-organized, and make managing City funds easier.
2. Do not approve the ordinance and direct staff to ...
Click here for full text