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FIN-4.02 - Parks Local Option Levy Fund

PARKS LOCAL OPTION LEVY FUND
Binding City Policy
BCP-FIN-4.02

 
PURPOSE
 
The Council finds:
 
1. The closing of two funds and the establishment of one new fund will improve the financial management and accounting of the City through the proper tracking of financial activity.

 
POLICY
 
NOW, THEREFORE, the Council directs:
 
Close Parks Bond Construction Fund (504).
 
Close Capital Improvement Fund (503).
 
Open the Parks Local Option Levy Fund (230) and include it in the FY 2002-03 Adopted Budget. The Parks’ Local Option Levy Fund is established to manage the five-year local option levy in support of Parks’ operation, maintenance, and capital programs.
 
HISTORY
Ordinance No. 177594
Passed by Council June 19, 2003
Filed for inclusion in PPD May 7, 2004.

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