HomeMy WebLinkAbout053 12STATE OF WASHINGTON
County of Jefferson
IN THE MATTER OF ESTABLISHING ) RESOLUTION NO. 53 -12
TWO FUNDS ENTITLED JEFFCOM )
GENERAL FUND AND JEFFCOM CAPITAL 1
WHEREAS, the JeffCom agency is being established as a separate entity effective October 1,
2012; and,
WHEREAS, two new funds are required for all revenue and expenses, and are to be segregated
for accounting purposes; one fund will be used for general purposes, the second for Capital purposes; and,
WHEREAS, two existing funds (121- 000 -010 and 122 -010 -000) will be closed; and,
WHEREAS, the existing Jeff Com Capital Fund (119- 000 -010) will remain in use under the
direction of the County Treasurer for sales tax collection and bond payments and shall be called JeffCom
Bond Indebtedness Fund.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Jefferson County Commissioners
that it is in the interest of Jefferson County and JeffCom that two funds be established with account
numbers 671 - 000 -010 (JeffCom General) and 672- 000 -010 (JeffCom Capital).
BE IT FURTHER RESOLVED, that the Treasurer is authorized to establish the JeffCom Funds
and that the Auditor establish a budget with the transfer of funds from the closing fund E -911 Telephone
JeffCom 122 - 000 -010 and the closing fund Enhancement Fund 121 - 000 -010 to Fund 671 - 000 -010. An
amount to be determined will be transferred from JeffCom Capital Fund (1 19 000 010) to 672 - 000 -010
(Jeff Com Capital Fund) on October 1, 2012.
BE IT FINAL YRESOL VED, that interest earned from the monies invested by the Jefferson
County Treasurer from these funds shall be deposited to the funds.
APPROVED this � `day of September, 2012,
JEFFERSON COUNTY
r s P
t
a
ATTES': 1[_�'�.
Raina Randall
Deputy Clerk of the Board
BOARD OF COMMISSIONERS
Jo
In Austi Chair
Phil Johnson, ember
David Sullivan, Member
(Note Consent Agenda or Regular Agenda)
(Note Department)
f JEFFERSON COUNTY
BOARD OF COUNTY COMMISSIONERS
CONSENT AGENDA REQUEST
TO: Jefferson County Board of Commissioners
THROUGH: Philip Morley, County Administrator
FROM: Judi Morris, Treas uree,
DATE: August 24, 2012 for September 41h meeting
SUBJECT: Fund Establishment
STATEMENT OF ISSUE: JeffCom is becoming its own entity and needs new funds established.
ANALYSIS: Three current funds exist for JeffCom. 119 000 010 will be retained under the Treasure's control for
bond payments. Funds 121 000 010 and 122 000 010 will be closed. In their place fund 671 000 010 will be
established for general purposes and 672 000 010 established for capital purposes.
FISCAL IMPACT:
Monies will be transferred between funds to establish working balances.
Approve attached resolution. David Alvarez reviewed resolution.
REVIEWED BY:
Administrator Date