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FIN-4.11 - Close the Campaign Finance Fund

CLOSE THE CAMPAIGN FINANCE FUND

Binding City Policy

BCP-FIN-4.11


 

PURPOSE

 

Section 1. The Council finds:

 

1.  Council established the Campaign Finance Fund to assist in the administration of a voluntary system of public campaign financing for Auditor, City Commissioner, and Mayoral elections. In the November 2010 election, electors voted to discontinue the program.

 


 

POLICY

 

NOW, THEREFORE, the Council directs:

 

a.  Effective June 30, 2011, the Campaign Finance Fund (Fund 214) will be closed. At that time, all Campaign Finance Fund account balances will be closed and transferred to the General Fund (Fund 100). Final fund financial statements for Fund 214 will be published in the Comprehensive Annual Financial Report (CAFR) for the fiscal year ending June 30, 2011.

 

b.  The action closing the Campaign Finance Fund contained in this ordinance is binding City policy.

 

Section 2. The Council declares that an emergency exists because it is necessary to close the Campaign Finance Fund before the end of the fiscal year in order to properly prepare financial statements for the year ending June 30, 2011; therefore this ordinance shall be in full force and effect upon passage. 

 


HISTORY

 

Emergency Ordinance No. 184678, passed by City Council and effective June 16, 2011.


Table of Contents
FIN-4.01 - Community and School Traffic Safety Account
FIN-4.02 - Parks Local Option Levy Fund
FIN-4.03 - Fund Management (June 2005)
FIN-4.04 - Fund Management (June 2006)
FIN-4.05 - Sewer System Safety Net Fund & Sewer Revolving Loan Fund Closure
FIN-4.06 - Public Safety Fund Closure and Renaming of Federal Grants Fund
FIN-4.07 - FY 2008-09 Grants Fund Major Supplemental Budget
FIN-4.08 - FY 2008-09 Grant-Related Budget Amendments Minor Supplemental Budget
FIN-4.09 - Close the Water Growth Impact Trust Fund, the Portland Police Association Health Insurance Fund and the Parking Facilities Debt Redemption Fund, and create the Tax Increment Reimbursement Fund
FIN-4.10 - Close the Business License Surcharge Fund, and Approve Renaming the Housing and Community Development Fund to the Community Development Block Grant Fund, and Approve Creating the Headwaters Apartment Complex Fund
FIN-4.11 - Close the Campaign Finance Fund
FIN-4.12 - Approve renaming the Parks Capital Construction & Maintenance Fund, the Portland Parks Memorial Trust Fund, and the Local Improvement District Construction Fund
FIN-4.13 - Create the Arts Education and Access Fund
FIN-4.14 - Adopt Budget Ajustments and Establish Appropriation Authority for the Arts Education and Access Fund and the Private For-Hire Transportation Program Reforms
FIN-4.15 - Approve Creation of Debt Service Funds and Closure of Cable Fund and Private for Hire Transportation Safety Fund
FIN-4.16 - Authorize Creation of Community Solar Special Revenue Fund
FIN-4.17 - Approve Renaming the Tax Increment Reimbursement Fund to the Tax Increment Financing Reimbursement Fund