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HomeMy WebLinkAbout4929 1 2 3 4 5 6 7 8 9 lO I1 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 ORDINANCE NO. 4929 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, DETERMINING AND FIXING THE AMOUNT TO BE RAISED BY AD VALOREM TAXES FOR FISCAL YEAR 1997 FOR THE CITY OF AUBURN, WASHINGTON, PURSUANT TO THE PROVISIONS OF R.C.W. 35A.33.135. THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. That pursuant to the provisions of Chapter 35A.33.135, the Auburn City Council and Auburn Finance Director have considered the financial requirements for the ensuing fiscal year of 1997 and the Auburn City Council herewith determines and fixes the amount to be raised by ad valorem taxes for said fiscal year in the following amounts: Fund No. Fund Name 001 General Fund TOTAL AD VALOREM TAXES Regular Levy $8,717,510 $8,717',510 ~. In order to avoid unnecessary interfund loans caused by uneven cash flow requirements for tax supported funds, the Finance Director is hereby authorized to allocate individual property tax receipts in a manner that eliminates interfund loans. Section 3. The Mayor is hereby authorized to implement such administrative procedures as may be necessary to carry out the directions of this legislation. Section 4. This Ordinance shall take effect and be in force five (5) days from and after its passage, approval and publication, as provided by law. Ordinance No.4929 11/13/96 Page No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 INTRODUCED: PASSED: APPROVED: ~,~rEST: Robin Wohlhueter City Clerk Michael J. Reynolds City Attorney Ordinance No.4929 11/13/96 Page No, 2 Charles A. Booth Mayor