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. STATE OF WASHINGTON
County of Jefferson
In the Matter of Establishing a
Jeffcom Enhancement Fund
Under the County Administrator.
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RESOLUTION NO. 54-07
WHEREAS, the Board of County Commissioners has determined that it is in the best interest of
the citizens that the County establish a function in the county government far the expenditure of monies
for Jeffcom infrastructure systems; and
WHEREAS, the Board of County Commissioners has directed the new Jeffcom system for the
expenditure of infrastructure monies be known as the Jeffcam Enhancement Fund which shall initially
report directly to the County Administrator; and
WHEREAS, the Board of County Commissioners has directed the County Administrator to
establish the necessary accounting and budget to operate the Jeffcom
Enhancement Fund; and,
WHEREAS, the County Administrator has determined that the a separate Fund is the most
efficient and effective method to account and budget for such a function;
THEREFORE BE IT RESOL VED, that the Board of Commissioners hereby directs the County
Auditor to incorporate this new "special revenue" fund into the County's accounting system and to
disclose such Fund in the County's Annual Financial Statements; the Fund shall be known as the
Jeffcom Enhancement Fund, number 121-000-010.
BE IT FURTHER RESOLVED, that the Board of Commissioners further directs that interest
earnings for the Jeffcom Enhancement Fund shall be deposited into the Jeffcom Enhancement Fund.
BE IT FINALLY RESOLVED, that the Jeffcom Enhancement Fund will have an initial working
capital reserve requirement of 50% of expected annual debt service payments (principal plus interest)
and that the initial working capital will be provided by monies resultihg from the issuance of $2.5 million
in bonds.
SEAL:
ATTEST:
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alie Matthes, CMC /
Deputy Clerk of the Board
JEFFERSON COUNTY
:' BOARD OF COUNTY COMMISSIONER~
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[lSJ ." CONSENT AGENDA
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AGENDA REQUEST Li i'
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[J REGULAR AGENDAf:J 1, 5 20D?
FROM:
DATE:
SUBJECT: '
BGaid of County Commissioners
County'Administrator A J) Sl.
, Allen R: Sartin, Central Services Director OJ l)u
June 25, 2007
Resolution .- Establishing a Jeffcom Enhancec~ent Fund (121)
TO:
STATEMENT OF ISSUE:
.In order to manage Jeffcom more effectively, it is requested that the BOCC establish a
new Fund per the attached resolution.
STRATEGIC GOALS:
To improve the County's ability to develop and carry out a work plan for the $2.5,
million from the issuance of bonds.
ANALYSIS (PRO & CON):
Not Applicable
COST BENEFIT ANALYSIS:
Not Applicable
FISCAL IMPACT:
A supplemental budget will be required to move existing monies into this Fund from
the issuance of 2.5 million in bonds.
Revenue Budget Line Item:
Expenditure Budget Line Item:
Gain or Loss (-):
REQUESTED ACTION:
Approve attached resolution.
REVIEWED BY: Q..e q.,fJ-;D. I!.
. J n Fischbach, County Administrator
, /1.1101
Date