HomeMy WebLinkAbout004 11reCkS. STATE OF WASHINGTON
County of Jefferson
In the Matter of Establishing }
a JeffCom Capital Fund } RESOLUTION NO. 04 -11
WHEREAS, the County JeffCom E911 Fund currently receives sales
tax for E911 purposes per RCW 82.14.420; and,
WHEREAS, the JeffCom Administrative Board desires those sales
taxes be deposited into a separate fund titled JeffCom Capital Fund for use in
paying capital bond debt, purchasing capital equipment, or for other JeffCom
expenditures as designated by the JeffCom Administrative Board.
NOW, THEREFORE, BE IT RESOLVED, by the Board of County
Commissioners that it is in the best interest of Jefferson County that a fund be
established to be known as the JeffCom Capital Fund number 119 - 000 -010 by the
Jefferson County Treasurer and hereby directs the County Auditor to incorporate
this new fund into the County's accounting system as a special revenue fund and to
disclose such Fund in the County's Annual Financial Statements.
BE IT FURTHER RESOLVED, that the Board of Commissioners
directs the Treasurer to establish a JeffCom Capital Fund in the Treasurer's
financial system and that the interest earned from the monies invested by the
Jefferson County Treasurer from the JeffCom Capital Fund shall be deposited to
that fund.
BE IT FINALL Y RESOL VED, that the JeffCom Capital Fund will
have an initial working capital reserve requirement of $0.00 (zero).
1,
j4PPROVED AND SIGNED this �day of February, 2011.
f0W-
ATITEST-.`--
Lorna L. Delaney, CNI
Clerk of the Board
JEFFERSON COUNTY
BOARD OF COMMISSIONERS
J u�in, Chairman
Phil Jo on, ember
Da t Sullivan, Member