ORD 91-48 INTERNAL SERVICES FUNDORDINANCE No. 91 — 4/9
AN ORDINANCE OF THE CITY OF BAINBRIDGE ISLAND
ESTABLISHING AN INTERNAL SERVICE FUND TO BETTER ACCOUNT
FOR THE COST AND USE OF EQUIPMENT (INCLUDING COMPUTERS).
WHEREAS, it is the intent of the City of Bainbridge Island to
account for the City's expenditures in a way that most closely matches the
timing of the expenditures to their actual occurance and which further
charges expenditures of the City to the Departments or other operating units
of the City which properly incur those expenditures, and
WHEREAS, governmental accounting does not provide for the depre-
ciation of fixed assets except in enterprise funds (such as the City's
Utility Fund or an internal service fund), now, therefore,
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON,
DO ORDAIN AS FOLLOWS :
SECTION 1. There shall be established an Equipment and Automation Fund
to assist the City's efforts to better match the timing of revenues and
expenditures, to charge the appropriate operating units of the City for
the costs incurred by the City on their behalf, and to provide funding for
the replacement of capital assets when needed. Operation of this fund is
intended to generate only a nominal out-of-pocket cost to the City.
SECTION 2. All depreciable capitalized assets of the City now owned or
hereafter acquired shall be transferred to either this fund or the Utility
Fund, as appropriate. Charges by this fund to other funds of the City, as
appropriate, shall be made to cover all expenditures charged against the
Equipment and Automation Fund.
SECTION 3. It is the intent of this ordinance that all appropriate
accounting entries of the City made in 1992 and thereafter be subject to
this ordinance.
SECTION 4. The City's Finance Director is hereby authorized and
directed to make the necessary and appropriate changes to the 1992
Budget as authorized by this ordinance. A copy of this ordinance shall
be transmitted to the Division of Municipal Corporations in the Office
of the State Auditor and to the Association of Washington Cities.
SECTION 5. This ordinance shall take effect and be in force five days
from and after its passage, approval, publication and posting as
required by law.
PASSED by the City Council this 30 th day of December, 1991.
APPROVED by the Mayor this 30 th day of December, 1991.
SAM J. RANATO, Mayor
ATTEST/AUTHENTICATE:
RALPH W. EELLS, Fina ce Directolz
APPROVED AS TO FORM:
ROD P. KASEGUMA, City Attorney
FILED WITH THE CITY CLERK December 26, 1991
PASSED BY THE CITY COUNCIL December 30, 1991
PUBLISHED : January 8, 1992
POSTED : January 8, 1992
EFFECTIVE DATE : January 13, 1992
ORDINANCE 91 - 48