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ORD NO. 2017-09 AMENDING BIMC 3.24ORDINANCE NO. 2017-09 AN ORDINANCE of the City of Bainbridge Island, Washington, amending Chapter 3.24 of the Bainbridge Island Municipal Code Relating to the Equipment Rental and Revolving Fund. WHEREAS, Ordinance No. 2004-20 established the equipment rental fund; and WHEREAS, the City desires to align the Bainbridge Island Municipal Code with the City's adopted 2017-2018 biennial budget and current financial best practices and thereby convert the current equipment rental fund to an equipment rental and revolving ("ER&R") fund; and WHEREAS, an ER&R fund is a fund through which the City tracks use of its equipment, and sets aside funds for replacement in a planned manner; and WHEREAS, an ER&R fund provides for predictable budgeting for capital equipment replacement, and supports good fleet management and stable budget expenditures; and WHEREAS, the ER&R fund as included in the 2017-2018 Adopted Budget is an internal service fund. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, DOES ORDAIN AS FOLLOWS: SECTION 1. Chapter 3.24 of the Bainbridge Island Municipal Code is amended to read as follows: Chapter 3.24 EQUIPMENT RENTAL AND REVOLVING FUND Sections: 3.24.010 Created and established. 3.24.020 Administration. 3.24.030 Transfer of departments. 3.24.040 Placement of money. 3.24.050 Use of the fund. 3.24.060 Disposition of sale proceeds and purchases. 3.24.070 Rental charges — Schedule. 3.24.080 Accounts and records. 3.24. 100 Manner of withdrawals and expenditures. 3.24. 110 Retention of moneys. 3.24.010 Created and established. There is hereby created and established a special fund to be known and designated as the "equipment rental and revolving, fund," to be used as a revolving fund to be expended appropriated by t17c cite cminci.l„ for salaries, wages, and operations required for the repair, Page 1 of 4 replacement, purchase, and operation of equipment, and for the purchase of equipment, materials-, and supplies to be used in the administration and operation of the fund. 3.24.020 Administration. The equipment rental and revolving; fund shall be administered by the director of finance and administrative services (Idirector") under the direction of the city manager. 3.24.030 Transfer of departments. A"Capital equipment of all offices and departments of the city of Bainbridge Island, as determined by the director, shall be transferred to the equipment rental and revolving fund, without charge. 3.24.040 Placement of money. Money may be placed in the fund from time to time by the Bainbridge Island city council. 3.24.050 Use of the fund. The city of Bainbridge Island shall purchase and sell a1I capital equipment, as determined by the director. by the use ofMlle equipment reaiial and revoIIv� fund, subject to the laws governing the purchase and sale of property. Such equipment shall be rented for the use of the various offices and departments of the city and may be rented by the city to other governmental agencies. 3.24.060 Disposition of sale proceeds and purchases. The proceeds received by the city from the sale or rental of such equipment shall be placed in the equipment rental and revolving; fund, and the purchase price of any such equipment or rental payments made by the city shall be made from moneys available in the fund. 3.24.070 Rental charges - Schedule. There shall be paid monthly into the equipment rental and revolving fund out of the moneys available to the department using any such equipment, ,,,biuli has. en pufehased by that ,Jepai!t+n ",t for-- it n f�n&—, reasonable rental charges., -fixed b l e0uneil of the { El liy L1 3•" •to v"a vrrr�x eccrur'riWar ffleetings ef4w­c-ity eouneil by the adminti ve sefvieeqdi e la , which sehe -le-rental charp,es shall be 4 ati n an -d .,t of saidnn,,.x,mr "rrci -�i l'£3it sufficient � e--���ai�rt��r�,w�.�, �r --eplr��� it G 3 /l ,d ...1, .,1, ..9,n1l l n ,-es,r , time to time un ,wy.si �n-1--d-1- fA4� :24:4I a ., , i ill -1=1f ., , ti , to reflect the current and foreseeable needs of the equipment rental and revolving fund. 3.24.080 Accounts and records. There shall be kept, by those directed by the director "Ifim :&-��'�stfu4ivFyiees, such books, accounts, and records as are necessary to control and report the financial operations of the equipment rental and revolving fund and -A "11 fifft e -i"'"- ' * 4w e h aecount *'^n"�" t o twr ,.tar, d .. ,.pc t.. l; 1l . . . A. ! A ,.l .e1, shall be t1� E��al..,� otm��,.11_,�,i„i�. shall be pin e"4 1t .l ese s d,...rna.+t..rosen "i ;�-£j: — 1-'+1i eity. of-'B.ainbrW-ge Island, aceei-danee ,= i���� ., '- ,r r�r,r C-3,24.070, whieh S., i filled tF3 Page 2 of 4 B A ee(),,,,i R w1,;, -1 iIF 3i3i3t-feseF ,e aeeebint into wliiel, Shall b,:.., eed t porfi-ods of the eharges i lade-4t3-4hi var ous ae«,a..r,•.,ents ,,r offiee of4he eity� in aceor4atwe wit! the 1�i'r`i' isiion of B 3.24.x'7' which a�i ll�bift�a ,„ provide sufficient .. ,may rcccrrct", Ei-{: �Tuse"rtin'i�3is5 seeti n, to . the ,..•,A is as a plaeing . . I .'t .required ioCaff)'OW the WPE)s.c ofthe equipment-rentaJ fund. '7"i eFe ShE111 Lilr.t be l3l-a i-f+the ..,.. w4 i eh are defi,.ed ffO ,., the &O..i sale Ol` a ., e.- 4pr-nen! e if Ll L.. +.,1 v{ vF{1.. f�i.,a „„a �. ".�a�saiide s eif pally �, ailable thereto by action 0 t1 „ ;;.eou.n.-6.1. 3.24.100 Manner of withdrawals and expenditures. Any withdrawals or expenditures from the equipment rental and revolving fund shall be made only in the following manner approved by the city council through budget appropriation., Me . .191 W.9.t" �Rlll.l�h�4.R� if iRl�saRY�3.4. Y�v�.�1R�siw��e4. i+�w:i�zvy ---- 3.24.110 Retention of moneys. All moneys in the equipment rental and revolving fund shall be retained there from year to year and shall not be transferred to any other fund or expended for any other purpose. SECTION 2. This ordinance shall take effect and be in force five days from and after its passage and publication as required by law. PASSED by the City Council this 9th day of May, 2017, APPROVED by the Mayor this 9th day of May, 2017. aoBy:Vr Page 3 of 4 ATTEST/AUTHENTICATE: Christine Brown, City Clerk FILED WITH THE CITY CLERK: March 28, 2017 PASSED BY THE CITY COUNCIL: May 9, 2017 PUBLISHED: May 12, 2017 EFFECTIVE DATE: May 17, 2017 ORDINANCE NO. 2017-09 Page 4 of 4