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Record No: CB 119152    Version: 1 Council Bill No: CB 119152
Type: Council Bill (CB) Status: Returned to Clerk
Current Controlling Legislative Body City Clerk
Final Action: 12/15/2017
Ordinance No:
Title: AN ORDINANCE pertaining to the fund structure of the City Treasury; reorganizing certain funds and subfunds consistent with the recommendations of the City's Financial Management and Accountability Program; creating new funds; transferring assets, liabilities, and fund balances between certain funds; making technical corrections; repealing Chapters 5.76 and 21.100 of the Seattle Municipal Code; amending Sections 3.02.120, 3.06.010, 3.06.055, 3.12.120, 3.15.007, 3.35.030, 3.35.050, 3.39.035, 4.40.020, 4.44.060, 4.50.020, 4.100.020, 5.06.030, 5.24.010, 5.24.020, 5.40.120, 5.64.030, 5.64.100, 5.78.200, 5.78.210, Chapter 5.80, Sections 11.16.312, 11.61.090, 12A.10.110, 15.04.074, 15.62.110, 15.91.016, 16.08.050, 20.32.050, 22.202.050, 22.202.060, 22.214.087, 22.220.090, 22.220.100, 22.900G.080, 22.930.120, 23.58D.006, and 23.90.018 of the Seattle Municipal Code; and amending Ordinances 104195, 112556, 114893, 115859, 116642, 117342, 117472, 117977, 118289, 118617, 119273, 119758, 120214, 1...
Sponsors: Lisa Herbold
Supporting documents: 1. Summary and Fiscal Note, 2. Presentation (added 12/7/17)
CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE pertaining to the fund structure of the City Treasury; reorganizing certain funds and subfunds consistent with the recommendations of the City's Financial Management and Accountability Program; creating new funds; transferring assets, liabilities, and fund balances between certain funds; making technical corrections; repealing Chapters 5.76 and 21.100 of the Seattle Municipal Code; amending Sections 3.02.120, 3.06.010, 3.06.055, 3.12.120, 3.15.007, 3.35.030, 3.35.050, 3.39.035, 4.40.020, 4.44.060, 4.50.020, 4.100.020, 5.06.030, 5.24.010, 5.24.020, 5.40.120, 5.64.030, 5.64.100, 5.78.200, 5.78.210, Chapter 5.80, Sections 11.16.312, 11.61.090, 12A.10.110, 15.04.074, 15.62.110, 15.91.016, 16.08.050, 20.32.050, 22.202.050, 22.202.060, 22.214.087, 22.220.090, 22.220.100, 22.900G.080, 22.930.120, 23.58D.006, and 23.90.018 of the Seattle Municipal Code; and amending Ordinances 104195, 112556, 114893, 115859, 116642, 117342, 117472, 117977, 118289, 118617, 119273, 119758, 120214, 120489, 120912, 120944, 121206, 121661, 121742, 122088, 122424, 122603, 122876, 123177, 123184, 123761, 124652, 124833, and 124906.
body
WHEREAS, in Resolution 31332, the Mayor and the City Council affirmed their support for the Financial Management and Accountability Program (FinMAP) to establish Citywide financial management policies and procedures to standardize the use of the City's enterprise financial management system; and
WHEREAS, the City intends to operationalize FinMAP principles when the implementation of its enterprise financial management system, PeopleSoft 9.2, goes live in January 2018; and
WHEREAS, FinMAP standardization resulted in the recommendation for a streamlined and more transparent fund structure for the City's use of funds to manage its finances and ensure compliance with the Washington State Budgeting, Accounting, and Reporting System; the Government Accounting Standards Boa...

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