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POL Government Elected Officials Auditor Griffin-Valade Charter, Code & Policies City Code & Charter Online Code & Charter Title 5 Revenue and Finan Chapter 5.04 Funds
Chapter 5.04 Funds
Table of Contents (Printable Version)

 5.04.010 Provisions Made For.
 5.04.020 Sundry Trusts Fund.
 5.04.030 Trustees’ Fund.
 5.04.040 Parking Meter Fund.
 5.04.050 Golf Fund.
 5.04.070 Bonded Debt Interest and Sinking Fund.
 5.04.140 Parking Facilities Fund.
 5.04.150 Parking Facilities Bond Redemption Fund.
 5.04.160 Sewage Disposal Fund.
 5.04.165 Countercyclical Fund.
 5.04.170 Revenue Sharing Fund.
 5.04.175 State Revenue Sharing Fund.
 5.04.180 CityFleet Operating Fund.
 5.04.185 Facilities Services Operating Fund.
 5.04.190 Communications Service Operating Fund.
 5.04.200 Printing and Distribution Services Operating Fund.
 5.04.210 Improvement Warrant Sinking Fund.
 5.04.220 Economic Development Trust Fund.
 5.04.230 Insurance and Claims Operating Fund.
 5.04.240 Workers’ Compensation Self Insurance Operating Fund.
 5.04.250 System Development Charge Sinking Fund.
 5.04.270 Washington County Water Supply Construction Fund.
 5.04.280 Washington County Water Supply Bonded Debt Service Sinking Fund.
 5.04.290 Water Growth Impact Charge Trust Fund.
 5.04.300 Bull Run Fund.
 5.04.310 St. Johns Landfill End Use Plan Fund.
 5.04.320 Sewer Revolving Loan Fund.
 5.04.400 Sewer System Operating Fund.
 5.04.410 Sewer System Construction Fund.
 5.04.420 Sewer System Debt Redemption Fund.
 5.04.430 Sewer System Debt Proceeds Fund.
 5.04.440 Sewer System Rate Stabilization Fund.
 5.04.450 Sewer System Safety Net Fund.
 5.04.460 Use of Sewage Disposal Fund.
 5.04.470 Portland Police Fitness Room Trustee Account.
 5.04.480 Property Management License Fund.
 5.04.490 Graffiti Nuisance Abatement Trust Fund.
 5.04.500 Technology Services Fund.
 5.04.510 Arts Education and Access Fund.
 5.04.520 Mt. Hood Cable Regulatory Commission Agency Fund.


5.04.010 Provisions Made For.

In addition to funds created in accordance with the provisions of the Charter, there shall be the funds set forth in this Chapter and such other funds as from time to time may be provided for by ordinance.


5.04.020 Sundry Trusts Fund.

(Amended by Ordinance No. 173369, effective May 12, 1999.)  The Sundry Trusts Fund, created by Ordinance No. 118746, passed by the CouncilJuly 1, 1964, shall contain accounts for trust monies which neither belong in the Trustees’ Fund nor require an individual trust fund.  The following accounts are authorized for the Sundry Trusts Fund:

 

A.  Animals for zoo account.  (Repealed by Ordinance No. 150375; passed and effective Sept. 11, 1980.)

 

B.  Civic Emergency Account.  This account shall receive the City’s share of the annual allocation from the Civic Emergency Fund under ORS 463.170.  Expenditures shall be limited to athletic, recreational, educational, or charitable purposes.  The Mayor and the Auditor are authorized to draw on this account when requisitions are presented approved by the Mayor, and one other Commissioner;

 

C.  Elephant Purchase Account.  (Repealed by Ordinance No. 150375; passed and effective Sept. 11, 1980.)

 

D.  Health Protection Account.  (Repealed by Ordinance No. 150375; passed and effective Sept. 11, 1980.)

 

E.  Recreation Account.  (Repealed by Ordinance  No. 150375; passed and effective Sept. 11, 1980.)

 

F.  Rose Test Garden Account.  This account shall be administered in accordance with Ordinance No. 110776; passed by the Council September 23, 1959.  The Mayor and the Auditor are authorized to draw checks on this account when requisitions are presented approved by the Commissioner In Charge of the Bureau of Parks;

 

G.  Oaks Pioneer Park Museum Account.  This account shall be administered in accordance as hereinafter provided:

All monies received from charges arising out of the operation of Oaks Pioneer Park Museum, under contract or otherwise, shall be deposited with the Treasurer of the City.  The Treasurer shall hold all such funds so received in the Oaks Pioneer Park Museum Account.  Disbursements shall be made in accordance with budgetary procedures upon requisition approved by the Commissioner In Charge of the Bureau of Parks and shall be limited to maintenance, operational costs, and improvement of the Oaks Pioneer Park Museum.  The Mayor and Auditor are authorized to draw warrants on this account when requisitions are presented and approved by the Commissioner In Charge of the Bureau of Parks.

 

H.  Drake Property Account.  Until such time as the Council may determine, this account shall receive all rentals and related revenues derived from the property on the east side of the Willamette River and north of the Sellwood Bridge known as the Drake Property which was purchased by the City under Ordinance No. 128587, passed February 20, 1969, for the Willamette Parkway System.  Expenditures from this account other than those required in connection with rentals derived from the property, shall be limited to the improvement and expansion of the property.  This account shall be administered by the Commissioner In Charge of the Bureau of Parks.

 

I.  Portland Shipbuilding Property Account.  Until such time as the Council may determine, this account shall receive all rentals and related revenues derived from the property on the west side of the Willamette River at the foot of S.W. Nebraska Street known as the Portland Shipbuilding Property, which was purchased by the City under Ordinance No. 128623; passed February 26, 1969.  Expenditures from this account other than those required in connection with rentals derived from the property, shall be limited to the improvement and expansion of the property.  This account shall be administered by the Commissioner In Charge of the Bureau of Parks.

 

J.  Officer Friendly Account.  (Repealed by Ordinance No. 135666; passed and effective December 6, 1972.)

 

K.  Willamette Oaks Park Account.  Until such time as the Council may determine, this account shall receive all rentals and related revenues derived from the property in Willamette Oaks Park purchased by the City from Leonard and Ruth Steele under authority of Ordinance NO. 130097; passed November 19, 1969, for the Willamette Parkway System (Lots 1,2 and 42 Willamette Oaks Park Addition).  Expenditures from this account other than those required in connection with rentals derived from the property, shall be limited to the improvement and expansion of the property.  This account shall be administered by the Commissioner In Charge of the Bureau of Parks.

 

L.  Portland Zoo Hospitalization and Research Account.  (Repealed by Ordinance No. 150375; passed and effective Sept. 11, 1980.)


5.04.030 Trustees’ Fund.

There is hereby created a Trustees’ Fund which shall be credited with all cash and securities deposited with the City Treasurer to protect the City against loss on account of certain obligations, and with all money and/or securities deposited with the City Treasurer pending information or accrual of time for its application.  The City Treasurer shall receive into such fund installment payments on municipal assessments against real property, including payments which are too small to be entered on the Lien Docket as a credit, it being provided that a payment shall be too small for such entry when it is less than one‑third of the total amount to be paid as shown on the open lien docket.  When such deposits in the Trustees’ Fund make an amount sufficient for entry the Treasurer shall make application thereof as a payment on such assessment, make a proper entry thereof in his books, and the Auditor shall make a proper entry thereof in his books.  The amounts deposited in the Trustees’ Fund shall be applied as provided in the receipt showing the terms of deposit.  The City Treasurer shall upon receiving a deposit under the provisions of this Section issue a receipt therefor, a copy of which shall be filed with the City Auditor and be credited to the Trustees’ Fund.  No cash or collateral securities shall be returned by the City Treasurer without written approval of the City Auditor.  The City Treasurer upon returning cash or collateral securities shall take a receipt from the depositor in duplicate, the original of which shall be filed with the City Auditor, who is hereby authorized to credit the City Treasurer with the amount of the receipt.  In cases where deposits are made by persons interested in local improvements no refund shall be made unless the contemplated improvement is not made or the owner of the property for account of which the deposit was made promptly pays or bonds the assessment.  If the improvement is made and the owner fails to pay and/or bond the assessment within twenty (20) days after its entry in the open lien docket the deposit shall be applied to a payment pro tanto of the assessment and the Treasurer and Auditor shall make proper book entries thereof.


5.04.040 Parking Meter Fund.

The Parking Meter Fund is hereby created and the Treasurer of the City is hereby directed to deposit to the credit of the fund all fees or money received on account of collections from present or future installations of parking meters.  All disbursements from such fund shall be in conformance to regular budget procedure.

Whenever the City Treasurer shall deem it advisable to dispose of slugs and tokens received in collections from the City’s parking meters and which are not lawful monies of the United States, he shall sell, cash, redeem or destroy the slugs and tokens and shall deposit all sums so realized to the credit of the Parking Meter Fund.


5.04.050 Golf Fund.

A fund to be known and designated as the Golf Fund is hereby created.  All revenues derived from the operation of the municipal golf links shall be credited to the Golf Fund, and all disbursements from the fund shall be in conformance with regular budget procedure.


5.04.070 Bonded Debt Interest and Sinking Fund.

The Bonded Debt Interest and Sinking Fund is hereby created to which shall be credited the proceeds from the tax levy of the City for interest on bonded indebtedness of the City and the tax levy to provide for the purchase of securities as an investment and/or payment of redemptions of the bonded indebtedness of the City together with such other receipts as may be realized in connection with the administration of the bonded debt of the City but not limited to interest on investments.  Expenditures from the fund shall be for the payment of the principal and interest on bonded debt of the City to be paid from ad valorem taxes and for any other expenditures authorized to be paid from tax levies for general obligation bonds of the City.


5.04.140 Parking Facilities Fund.
The Parking Facilities Fund is hereby created into which shall be deposited all fees, rentals and charges received by the City from the operation of the off‑street parking facility at S.W. 2nd Avenue and Jefferson Street and from which expenses of operation and maintenance of the facility shall be paid all in accordance with Ordinance No. 128235, passed December 18, 1968.

5.04.150 Parking Facilities Bond Redemption Fund.

The Parking Facilities Bond Redemption Fund is hereby created into which shall be paid the accrued interest from the sale of the bonds, plus an amount capitalized from bond principal which will in the aggregate together with interest to be received from investments provide for the interest payments on the revenue bonds due August 1, 1969, February and August 1, 1970, and February 1, 1971, the net revenues of the Parking Facilities Fund and amounts from net parking meter revenues required for the reserve amount, if any; and from which shall be paid the principal of and the interest on the outstanding revenue bonds, and the principle, interest and premium, if any, on any revenue bonds issued on a parity therewith, all in accordance with Ordinance No. 128235, passed December 18, 1968.


5.04.160 Sewage Disposal Fund.

(Repealed by Ordinance No. 160515 effective Mar. 28, 1988.)  See Sections 5.04.400 ‑ 460.


5.04.165 Countercyclical Fund.

(Repealed by Ordinance No. 150375; passed and effective Sept. 11, 1980.)


5.04.170 Revenue Sharing Fund.

(Added by Ordinance No. 135516; passed and effective Nov. 2, 1972.)  The Revenue Sharing Fund is hereby created for the receipt and expenditure of monies received from the federal government under the State and Local Fiscal Assistance Act of 1972.  Into this Fund shall be deposited all payments received from the federal government under the Act, interest earned thereon while in this Fund and any other monies which are appropriate revenues of this Fund.  The monies shall be expended only for purposes authorized under the Act.


5.04.175 State Revenue Sharing Fund.

(Added by Ordinance No. 145065; passed and effective Jan. 19, 1978.)  The State Revenue Sharing Fund is hereby created for the receipt and expenditure of monies received from the State of Oregon under Senate Bill 11 (Engrossed) effective July 27, 1977.  All payments received from the State of Oregon under this Act, interest earned thereon while in this Fund and any other monies which are appropriate revenues of this Fund shall be deposited to this Fund.  The monies shall be expended only for purposes authorized under this Act.


5.04.180 CityFleet Operating Fund.

 

(Added by Ordinance No. 161018, amended by Ordinance Nos. 163837, 176003, 178797 and 181483, effective January 18, 2008.) 

 

A.  The CityFleet Operating Fund is hereby created as an internal service fund within the Office of Management and Finance described in Chapter 3.15 of this Code.  The major operating funds for this Fund shall be generated by Interagency Agreements with the City bureaus and others using the services.  Other receipts of the Fund shall include service charges to users, interest earned by the Fund and any other monies which are appropriate revenues.  Expenditures from the Fund shall be in accordance with appropriations made by the Council.

 

B.  Short-term loans from the General Fund to the CityFleet Operating Fund, which are to be repaid in the same fiscal year in which the loan is made, are hereby authorized without interest to provide temporary working capital, as needed, provided that each loan is first approved in writing by the Commissioner of Finance and Administration.


5.04.185 Facilities Services Operating Fund.

 

(Added by Ordinance No. 163837;  amended by Ordinance Nos. 176003 and 181483, effective January 18, 2008.) 

 

A.  The Facilities Services Operating Fund is hereby created (by Ordinance 163156, June 27, 1990) as an internal service fund within the Office of Management and Finance described in Chapter 3.15 of this Code.  The major operating funds for this Fund shall be generated by Interagency Agreements with the City bureaus and others using the services.  Receipts of the Fund shall include proceeds of these Interagency Agreements, service charges to users, interest earned by the Fund, and any other monies which are appropriate revenues.  Fees shall be collected and deposited into this Fund for all property management related services involving leases, and for the purchase and sale of City owned real property.  Expenditures from the Fund shall be in accordance with appropriations made by the Council.

 

B.  The costs of repair, maintenance, taxes or any other expense incurred in providing any property management services, shall be the responsibility of the bureau or agency using or responsible for the property.  All net revenues (defined as revenue, less all appropriate expenses) from rents, leases or sales shall accrue to the bureau or agency using or responsible for the property.

 

C.  Any property that is not specifically used or the responsibility of any bureau or agency is defined as "unassigned property," and shall be the responsibility of the Office of Management and Finance (General Fund).  Net revenue for these properties shall be considered total revenue from the rent and sale of all these properties, less total expenses for all these properties.  Any net revenue from these properties, shall be transferred to the General Fund at the end of each fiscal year.

 

D.  Any property acquired by the City from any source shall be inventoried with the Office of Management and Finance.

 

E.  Short-term loans from the General Fund to the Facilities Services Operating Fund, which are to be repaid in the same fiscal year in which the loan is made, are hereby authorized to provide temporary working capital, as needed, provided that each loan is first approved in writing by the Commissioner of Finance and Administration.


5.04.190 Communications Service Operating Fund.

 

(Repealed by Ordinance No. 181483, effective January 18, 2008.) 


5.04.200 Printing and Distribution Services Operating Fund.

 

(Added by Ordinance No. 161018;  amended by Ordinance Nos. 163837, 176003 and 181483, effective January 18, 2008.) 

 

A.  The Printing and Distribution Services Operating Fund is an internal service fund within the Office of Management and Finance described in Chapter 3.15 of this Code.  The major operating funds for this Fund shall be generated by Interagency Agreements with the City bureaus and others using the services.  Other receipts of the Fund shall include service charges to users, interest earned by the Fund and any other monies which are appropriate revenues.  Expenditures from the Fund shall be made in accordance with appropriations made by the Council. 

 

B.   Short-term loans from the General Fund to the Printing and Distribution Services Operating Fund, which are to be repaid in the same fiscal year in which the loan is made, are hereby authorized to provide temporary working capital, as needed, provided that each loan is first approved in writing by the Commissioner of Finance and Administration.


5.04.210 Improvement Warrant Sinking Fund.

(Added by Ordinance No. 139574; passed and effective March 13, 1975.)  The Improvement Warrant Sinking Fund is hereby created.  Funds obtained from the issuance of general obligation improvement warrants issued pursuant to statute and authorized by the Council shall be placed in this Fund and expended only for payments duly authorized for the construction of public improvements.  All proceeds from the collection of unbonded assessments, the sale of improvement bonds, and the foreclosure of improvement liens for unbonded assessments, realized from the improvement with respect to which such general obligation improvement warrants are issued, shall be placed in the fund to be applied to the call and payment of such warrants as rapidly as funds are available as provided by statute.


5.04.220 Economic Development Trust Fund.

(Added by Ordinance No. 140900; passed and effective Nov. 20, 1975.)  The Economic Development Trust Fund is hereby established for receipt and accountability for the assets of the Trust for economic development in the model cities neighborhood established by the agreement between the City and MEDIA authorized by Ordinance No. 132652, passed May 6, 1971.  The City succeeded the Metropolitan Economic Development Industrial Alliance as trustee, and this Fund shall be administered by the City in accordance with the terms of the trust, set forth in the agreement and by Resolution No. 31575, adopted May 28, 1975.

This Fund shall receive the assets turned over to the City by MEDIA and shall also receive principal and interest on loans receivable, interest on invested capital, proceeds from sale of investments and any other income of the Trust.  Expenditures shall be in accordance with appropriations made by the Council for purposes of the Trust.


5.04.230 Insurance and Claims Operating Fund.

 

(Added by Ordinance No. 142290; amended by Ordinance Nos. 150375, 176003 and 181483, effective January 18, 2008.) 

 

A.  The Insurance and Claims Operating Fund is hereby created as an internal service fund under the Office of Management and Finance, described in Chapter 3.15 of this Code. Receipts of the Fund shall include service charges to user funds for administrative and legal expenses, insurance premiums and loss reserves, interest earned by the Fund and any other monies which are appropriate revenues.  Expenditures from the Fund shall be in accordance with the appropriations made by the Council.

 

B.  Expenditures and encumbrances shall be limited to the balance in the Fund at the time and to purposes for which there is an appropriation or other source of reimbursement authorized at the time.


5.04.240 Workers’ Compensation Self Insurance Operating Fund.

 

(Added by Ordinance No. 144762; amended by Ordinance Nos. 150375, 176003 and 181483, effective January 18, 2008.)  The Workers' Compensation Self Insurance Operating Fund is hereby created as an internal service fund under the Office of Management and Finance described in Chapter 3.15 of this Code.  Receipts of the Fund shall include service charges to user funds for administrative and legal expenses, insurance premiums, expected and unanticipated loss reserves, interest earned by the Fund and any other monies which are appropriate revenues.  Expenditures from the Fund shall be made in accordance with appropriations made by the Council.  Expenditures and encumbrances shall be limited to the balance in the Fund at the time and to purposes for which there is an appropriation or other source of reimbursement authorized at the time.


5.04.250 System Development Charge Sinking Fund.

(Added by Ordinance No. 147298; passed and effective Feb. 28, 1979.)  The System Development Charge Sinking Fund is hereby created.  Funds obtained from the issuance of General Obligation Bancroft Bonds issued pursuant to statute and authorized by the City Council for this purpose shall be placed in this Fund and expended only for payments duly authorized for construction or expansion of systems development.  All proceeds from the collection of Bonded Assessments, realized from System Development Charge Assessments with respect to such General Obligation Bancroft Bonds are issued, shall be placed in the fund to be applied to the call and payment of General Obligation Bancroft Bonds pursuant to the call schedule set forth in the offer and as provided by statute.


5.04.270 Washington County Water Supply Construction Fund.

(Added by Ordinance No. 148968; passed Dec. 26, 1979, effective Jan. 26, 1980.)  The Washington County Water Supply Construction Fund is hereby created.  Contributions from other water purveyors and the City of Portland and receipts obtained from the issuance of general obligation bonds, payable from water revenues, issued for the purpose of constructing a water supply line to Washington County shall be placed in this fund and expended only for duly authorized payments for the oversizing of the southeast Water Supply Line and the Washington County Water Supply Line.  Upon completion of the supply line to Washington County and after all liabilities for the construction thereof have been satisfied, any balance remaining in this Fund shall be transferred to the Washington County Water Supply Bonded Debt Service Sinking Fund and this Fund shall be discontinued.


5.04.280 Washington County Water Supply Bonded Debt Service Sinking Fund.

(Added by Ordinance No. 148986; passed Dec. 26, 1979, effective Jan. 26, 1980.)  The Washington County Water Supply Bonded Debt Service Sinking Fund is hereby created.  Water revenues in the form of contributions from other water purveyors and the City of Portland shall be placed in this Fund and expended only for duly authorized payments of principal and interest for bonds issued for the purpose of constructing a water supply line to Washington County.  Upon payment of all principal and interest of said bond issue, any balance remaining in this Fund shall be returned, on a prorated basis, to the contributors and this Fund shall be discontinued.


5.04.290 Water Growth Impact Charge Trust Fund.

(Added by Ordinance No. 153288; May 26, 1982.)  The Water Growth Impact Charge Trust Fund is hereby created.  Revenues received by the City for growth impact charges from other water purveyors shall be placed in this Fund and expended only for duly authorized payments for expansion of the total water system capacity.  Should this Fund become unnecessary, due to changes in the water sales contracts with other water purveyors, any remaining funds at that time shall be paid to the Water Fund.


5.04.300 Bull Run Fund.
(Added by Ordinance No. 156178; effective July 21, 1984.)  The Bull Run Fund is hereby created.  Receipts received by the City resulting from the sale of items promoting the City water system, such as, but not limited to, bottled water, posters and books, shall be placed in this Fund and expended only for duly authorized payments to directly promote or advertise the City water system to attract development within the City.  Should this Fund become unnecessary for any reason, any remaining money remaining in this Fund at the time it is discontinued shall be paid to the Water Fund.

5.04.310 St. Johns Landfill End Use Plan Fund.

(Added by Ordinance No. 160973 effective July 23, 1988.)  The St. Johns Landfill End Use Plan Fund is hereby created.  Revenues received by the City from the Metropolitan Service District which are designated for implementation of the St. Johns Landfill End Use Plan per Section 9 of the City‑Metro Agreement adopted by Ordinance No. 158522 and other contributions and revenues designated for implementation of the End Use Plan shall be placed in this Fund.  Monies from this Fund, including interest earned by the Fund, shall be expended only for duly authorized payments to cover the costs of implementing the St. Johns Landfill End Use Plan.  Should this Fund become unnecessary any monies remaining in this Fund shall be paid to the Refuse Disposal Fund.


5.04.320 Sewer Revolving Loan Fund.

(Added by Ordinance No. 166407, Apr. 7, 1993.)  The Sewer Revolving Loan Fund is hereby made a part of the Code of the City of Portland, Oregon, for the receipt of monies derived from transfers made to the Fund from the Sewer System Operating Fund, and monies derived from the re-payment of loans made to properties participating in the Private Plumbing Revolving Loan Program.  Monies from this Fund, including interest earned by the Fund, shall be used for making loans to certain owners of single-family residential property located in the Mid-Multnomah County Sewer System Project, and shall be expended only for duly authorized payments to cover the costs of implementing the Private Plumbing Revolving Loan Program.  Money in the Sewer Revolving Loan Fund may be commingled with other City money for investment purposes.  Should this Fund become unnecessary any monies remaining in this Fund shall be paid to the Sewer System Construction Fund.


5.04.400 Sewer System Operating Fund.

(Added by Ordinance No. 160515 effective Mar. 28, 1988.)  The Sewer System Operating Fund is hereby made a part of the Code of the City of Portland, Oregon, for the receipt and expenditure of monies associated with operation and maintenance of the sewer system, including sanitary and drainage services.  Monies in the Sewer System Operating Fund may be transferred to the Sewer System Debt Redemption Fund, the Sewer System Construction Fund, or the Sewer System Rate Stabilization Fund.  Money in the Sewer System Operating fund may be commingled with other City money for investment purposes.


5.04.410 Sewer System Construction Fund.

(Added by Ordinance No. 160515 effective Mar. 28, 1988.)  The Sewer System Construction Fund is hereby made a part of the Code of the City of Portland, Oregon, for the receipt and expenditure of monies associated with construction of sewerage facilities, including sanitary and drainage facilities.  Money in the Sewer System Construction Fund may be commingled with other City money for investment purposes.


5.04.420 Sewer System Debt Redemption Fund.

(Added by Ordinance No. 160515 effective Mar. 28, 1988.)  The Sewer System Debt Redemption Fund is hereby made a part of the Code of the City of Portland, Oregon, for the receipt and expenditure of monies associated with the retirement of debt incurred by the sewer system.  Money in the Sewer System Debt Redemption Fund may be commingled with other City money for investment purposes.


5.04.430 Sewer System Debt Proceeds Fund.

(Added by Ordinance No. 160515 effective Mar. 28, 1988.)  The Sewer System Debt Proceeds Fund is hereby made a part of the Code of the City of Portland, Oregon, for the receipt of monies derived from the issuance of Sewer System debt.  Monies in the Sewer System Debt Proceeds Fund shall be transferred to the Sewer System Construction Fund for expenditure and to the Sewer System Operating Fund for reimbursement of costs associated with the issuance of debt and to the Sewer System Debt Redemption Fund for the retirement of debt.  Money in the Sewer System Debt Proceeds Fund may be commingled with other City money for investment purposes.


5.04.440 Sewer System Rate Stabilization Fund.

(Added by Ordinance No. 160515 effective Mar. 28, 1988.)  The Sewer System Rate Stabilization Fund is hereby made a part of the Code of the City of Portland, Oregon, for the receipt of monies transferred from the Sewer System Operating Fund.  Monies in the Sewer System Rate Stabilization Fund shall be transferred to the Sewer System Operating Fund for expenditure.  Money in the Sewer System Rate Stabilization Fund may be commingled with other City money for investment purposes.


5.04.450 Sewer System Safety Net Fund.

(Added by Ordinance No. 160515 effective Mar. 28, 1988.)  The Sewer System Safety Net Fund is hereby made a part of the Code of the City of Portland, Oregon, for the receipt of monies derived from loans made to the Fund from the State Assessment Deferral Revolving Loan Fund, and monies derived from the payment of deferred assessments by properties participating in the Sewer Safety Net Program.  Monies in the Sewer System Safety Net Fund shall be paid to the Local Improvement District Construction Fund for payment of sewer assessments for properties participating in the Sewer Safety Net Program, and shall be used to retire loans received from the State Assessment Deferral Revolving Loan Fund.


5.04.460 Use of Sewage Disposal Fund.

(Added by Ordinance No. 160515 effective Mar. 28, 1988.)  The funds described in Portland City Code Sections 5.04.400 through 5.04.450 shall in the aggregate constitute the Sewage Disposal Fund, and shall be used for only those Sewage Disposal Fund purposes authorized by the Charter of the City of Portland, Oregon.  If any of the funds associated with operation, maintenance, construction or debt management of the Sewer System become unnecessary or for any reason are dissolved and discontinued, then any remaining balances in that fund or funds shall be transferred to the Sewer System Operating Fund.  If the Sewer System Operating Fund is dissolved and discontinued, then any remaining balances in that fund shall be transferred to the City’s General Fund.  However, in no case shall any funds be transferred to the City’s General Fund until all outstanding debt of the sewer system is repaid according to terms and conditions of related bond and note ordinances.


5.04.470 Portland Police Fitness Room Trustee Account.

(Added by Ordinance No. 168683, Apr. 12, 1995.)  The Portland Police Fitness Room Trust Account is hereby created.  Into this fund shall be deposited monies received from fitness room membership dues (through payroll deduction), the City of Portland and other contributors.  Disbursements shall be made upon a requisition request from a Police Bureau’s Fitness Room Committee with signature approval by either the Chief of Police or an Assistant Chief.  Monies from this fund by either the Chief of Police or an Assistant Chief.  Monies from this fund shall be used for maintenance and repairs of equipment, equipment replacement, and new fitness room equipment.


5.04.480 Property Management License Fund.

(Added by Ordinance No. 170223, July 1, 1996.)  The Property Management License Fund is hereby made a part of the Code of the City of Portland, Oregon, for the receipt of any revenues derived from assessments levied under the former downtown Economic Improvement District created by Ordinance No. 164665, together with all revenues generated by the Downtown Property Management License program (City Code Chapter 6.06.)  Monies derived from proceeds of the Downtown Property Management License program and delinquent Economic Improvement District assessments, as well as from interest earned on that money, shall be spent only for the services described in Section 6.06.010 of the Code of the City of Portland and for any costs of the City’s administration of the Downtown Property Management License program.


5.04.490 Graffiti Nuisance Abatement Trust Fund.

(Added by Ordinance No. 172612, amended by Ordinance No. 172810, effective November 4, 1998.)  There is hereby created a City of Portland graffiti nuisance abatement trust fund.  Any donations in support of graffiti abatement will be placed into the fund, together with any monies received in connection with voluntary nuisance abatement consent forms.  Expenditures from this fund may occur upon the approval of any two of the following: (1) the Mayor; (2) the Commissioner-in-Charge of the Office of Neighborhood Involvement; and (3) the Graffiti Abatement Manager.  Such expenditures shall be limited to: the payment of the cost of removal of graffiti; the purchase, acquisition, operation and maintenance of graffiti removal equipment and supplies; the costs of administering the graffiti nuisance abatement ordinance; and such other public purposes as may be approved by the City Council.


5.04.500 Technology Services Fund.

 

(Added by Ordinance No. 176003; amended by Ordinance Nos. 177852 and 181483, effective January 18, 2008.)  The Technology Services Fund is hereby created as an internal service fund under the Bureau of Technology Services as described in Section 3.15.070 of this Code.  The purpose of this Fund is to receive and record expenditures related to the management, operation and delivery of a variety of technology services to City bureaus and offices.  The Fund also supports facilitation of multi-year funding of major technology initiatives.  The Fund is supported primarily by charges to City bureaus for corporate and bureau-specific services.


5.04.510 Arts Education and Access Fund.

(Added by Resolution No. 36939 (approved at November 6, 2012 election); effective December 5, 2012.)  The Arts Education and Access Fund is hereby created.  The purpose of the Fund is to receive Gross Revenues received from the Arts Education and Access Income Tax and provide the Net Revenues to theSchool Districtsand to the Regional Arts and Culture Council solely for the purposes established in Chapter 5.73 of this Code.  In no case shall Net Revenues be transferred from the Arts Education and Access Fund to the City’s General Fund, or any other fund, for any other purpose.   


5.04.520 Mt. Hood Cable Regulatory Commission Agency Fund.

(Added by Ordinance No. 186065, effective June 5, 2013.)  The Mt. Hood Cable Regulatory Commission Agency Fund is hereby created for the receipt and expenditure of monies received from cable franchisees and Public, Education and Government fees on behalf of Multnomah County and the cities of Gresham, Fairview, Troutdale, and Wood Village under the Intergovernmental Agreement, approved by Ordinance No. 166168 enacted on January 20, 1993, and as modified by subsequently approved amendments.  Into this Fund shall be deposited all payments received from the cable franchisees of the County and the Cities, interest earned thereon while in this Fund and any other monies which are appropriate revenues of this Fund.  The monies shall be expended only for purposes authorized under the Intergovernmental Agreement, and the Commission’s approved budget.


Title 5 Revenue and Finan
Chapter 5.01 (Repealed)
Chapter 5.04 Funds
Chapter 5.08 Payment Of Salaries, Wages And Expenses
Chapter 5.09 Deferred Compensation Plan
Chapter 5.10 City Charitable Campaign
Chapter 5.12 Assignment or Garnishment of Salaries, Wages or Claims
Chapter 5.16 Emergency Checks
Chapter 5.20 Budget Procedure
Chapter 5.24 Auditor's Records and Reports
Chapter 5.30 Collections and Foreclosure Process
Chapter 5.31 Collections & Foreclosure Process For Delinquent Sewer Safety Net Liens
Chapter 5.32 (Repealed)
Chapter 5.33 Goods and Services
Chapter 5.34 Public Improvements and Construction Services
Chapter 5.36 Property Control
Chapter 5.40 Demands and Disbursements
Chapter 5.44 (Repealed)
Chapter 5.48 Charges for Services Performed
Chapter 5.50 Collections Section
Chapter 5.52 Petty Cash and Checks
Chapter 5.56 Ambulance Service
Chapter 5.60 Miscellaneous Charges
Chapter 5.64 Miscellaneous Fiscal Provisions
Chapter 5.68 Professional, Technical and Expert Service Contracts
Chapter 5.72 Economic Development Projects
Chapter 5.73 Arts Education and Access Income Tax
Chapter 5.74 Acquisition of Public Art
Chapter 5.75 Claims Under ORS Chapter 195 and 197