A. 
A special fund No. 103 is established and is designated as the contingency fund.
B. 
Contingency Fund Revenue. Contingency fund revenue will be supported by budgetary appropriations. Any tax or revenue not restricted for a specific use by law may be placed in the contingency fund. The contingency fund may be supported by the receipt of funds transferred from any other unexpended or decreased fund by ordinance. Funds in the contingency fund shall not lapse unless appropriated by the council and to another fund or funds in subsequent budgets.
C. 
Contingency Fund Expenditures. No money may be withdrawn from the contingency fund except by an ordinance which allows the transfer of money to an appropriate operating fund. Money may be expended from the contingency fund in the case of an emergency but must be subsequently ratified by the council by ordinance.
(Ord. 357 §§ 1 – 3, 1989; Ord. 600 § 1, 2010)
A. 
A special revenue fund No. 104 is hereby established and designated as the community development fund.
B. 
Community development fund revenue will be supported by moneys received from state grants for growth management and revenue received from building services fees.
C. 
Money received from state grants shall be used solely for activities as related to growth management as outlined in the Growth Management Act (Chapter 36.70A RCW).
D. 
Money received for the purpose of administering building services activities shall also be deposited in this fund and may be used for purposes other than activities related to the Growth Management Act.
E. 
No grant funds received for growth management activities shall be used to pay for enforcing building services activities.
(Ord. 563 §§ 1 – 3, 2006; Ord. 600 § 1, 2010)
A. 
There is hereby established one single fund to be known as the "Town Street Fund," which shall be used for all proper street purposes, and which shall incorporate both the former arterial fund and the former street fund and will be designated as fund No. 101.
B. 
The town street fund shall be used for salaries, wages, materials, supplies, equipment, including the construction, maintenance, repair or improvement of streets, curbs, gutters, sidewalks and storm drainage system, street safety and traffic control and other proper street-related expenses.
C. 
This fund shall receive its capital from all legal sources including, but not limited to, the following sources: all gas revenues received pursuant to the laws of Chapter 7, the Laws of the 1961 Extraordinary Session and all matching funds contributed by the town pursuant to such laws; motor vehicle license fees; whatever proportion, if any, of the general tax levy that the town council shall designate and any loans for other town funds.
D. 
All deposits to and expenditures from the town street fund shall be made in accordance with the provisions of the annual budget of the town and with the provisions of the State Budgeting, Accounting, and Reporting System (BARS).
(Ord. 428 §§ 1 – 5, 1994; Ord. 600 § 1, 2010)
A. 
There is imposed an additional one-quarter percent excise tax on the sale of real estate within the town of Yarrow Point, Washington, providing for the collection thereof, limiting the use of the proceeds therefrom.
B. 
The proceeds from said taxes shall be distributed to the town and placed by the town clerk/treasurer in a municipal "Fund No. 304 Capital Improvement IV" fund.
C. 
This capital improvement fund shall be for the purpose of funding such capital improvement projects as shall be approved by the town council, such as partially funding the six-year transportation plan as approved by the town council and partially funding the park and trail plan as approved by the town council on December 6, 1993.
(Ord. 445 §§ 1, 2, 3, 1995; Ord. 600 § 1, 2010)
There is hereby established a separate fund to be known as the payroll/claims clearing fund No. 801. All amounts expended by other funds shall be placed in the payroll/claims clearing fund to clear all warrants redeemed from the bank.
(Ord. 482 § 1, 1998; Ord. 600 § 1, 2010)
A. 
There is imposed a one-quarter percent excise tax on the sale of real estate within the town of Yarrow Point, Washington.
B. 
The proceeds from said taxes shall be distributed to the town and placed by the town clerk/treasurer in a municipal "Fund No. 301 Capital Improvement I" fund.
C. 
This capital improvement fund shall be for the purpose of funding such capital improvement projects as shall be approved by the town council, such as partially funding the six-year transportation plan as approved by the town council.
(Ord. 600 § 1, 2010)
A. 
Established. There is hereby established a jail property proceeds fund for the deposit of the town's allocation of proceeds from the sale of jail property.
B. 
Expenditures. Funds in the jail property proceeds fund shall only be used for the expense of housing prisoners at facilities other than the King County Jail or for construction of an alternate correctional facility.
C. 
Recording of Expenditures. All funds into or out of the jail property proceeds fund shall be recorded by means of unique account codes within the current expense fund and used solely for the purpose specified by this section.
(Ord. 626 §§ 1 – 3, 2011)