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(1) Each year within 30 days after the filing of the annual financial report for the preceding year with the state auditor pursuant to RCW 43.09.230 the county executive shall submit a written report to council that states:

(a) The amount that general fund revenues for the preceding year were projected to exceed general fund expenditures in the annual or biennial budget as originally adopted for that year;

(b) The amount that general fund revenues for the preceding year actually exceeded general fund expenditures for that year; and

(c) If the amount calculated under (b) of this subsection exceeds the amount calculated under (a) of this subsection, the amount that represents one-half of the difference along with any comments.

(2) Following receipt of the report required by this section the county council shall consider transferring resources from the general fund to the fund created by this chapter and to the public works assistance fund created by SCC 4.117.010.

(3) The financial resources in the capital purchases and extraordinary capital projects fund may accumulate from year to year until such time as the council appropriates all or part of the resources of the fund for a purpose described in SCC 4.64.020. (Added by Amended Ord. 10-109, Nov. 22, 2010, Eff date Jan. 1, 2011).