HomeMy WebLinkAboutORD 5269CITY OF RENTON,WASHINGTON
ORDINANCE NO.5269
AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON,
CREATING A NEW FUND TITLED "SPRINGBROOK WETLANDS
BANK"AND A NEW SUBFUND UNDER GENERAL FUND TITLED
"PARK MEMORIAL FUND"AND CLOSING FUND 131 "PARK
MEMORIAL FUND"UNDER SPECIAL REVENUE FUND FOR THE
YEAR 2007.
THE CITY COUNCIL OF THE CITY OF RENTON,WASHINGTON,DOES ORDAIN
AS FOLLOWS:
SECTION I.A new fund shall be created -Fund 135 -Springbrook Wetlands
Bank Fund.The purpose of the fund is to provide accounting for the Springbrook Creek
Wetland and Habitat Mitigation Bank project.The Springbrook Wetlands Bank Fund wil!
receive revenue by selling Wetlands Credits to the third parties and to the City's internal
departments.The revenue received will pay for managing the wetlands.
SECTIONIl A new subfund will be created under General Fund -Fund 031 -
Park Memorial Fund.This sub fund is created to replace the Fund 131 Park Memorial Fund
under Special Revenue Fund.This subfund is created to account for the donations and the
usages of those donations especially for Park memorial purposes.
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SECTIONlll
five days after publication.
ORDINANCE NO.5269
This Ordinance shall be effective upon its passage,approval,and
PASSED BY THE CITY COUNCIL this 2nd day __A_p_r_i_l ,2007.
Bonnie 1.Walton,City Clerk
APPROVED BY THE MAYOR this 2nd day of __A_p_r _il_·---',2007.
Date of Publication:4/7/2007 (summary)
ORD.1252:3I7!07:ma
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