File #: 2002-0264    Version:
Type: Ordinance Status: Passed
File created: 6/10/2002 In control: Budget and Fiscal Management Committee
On agenda: Final action: 7/29/2002
Enactment date: 8/9/2002 Enactment #: 14433
Title: AN ORDINANCE creating the cultural resources endowment fund for the purpose of receiving and holding a portion of hotel/motel tax revenues collected in King County and making technical corrections; amending Ordinance 12076, Section 9, as amended, and K.C.C. 4.08.015 and adding a new section to K.C.C. chapter 4.08.
Sponsors: Carolyn Edmonds
Indexes: Culture, Funds, Hotel/Motel
Code sections: 4.08 - , 4.08.015 - , 4.08.190 -
Attachments: 1. Ordinance 14433.pdf, 2. 2002-0264 Revised Staff Report .doc, 3. 2002-0264 transmittal letter.doc
 
 
Drafter
Clerk 07/25/2002
title
AN ORDINANCE creating the cultural resources endowment fund for the purpose of receiving and holding a portion of hotel/motel tax revenues collected in King County and making technical corrections; amending Ordinance 12076, Section 9, as amended, and K.C.C. 4.08.015 and adding a new section to K.C.C. chapter 4.08.
body
      PREAMBLE:
The office of cultural resources is partially supported by a portion of the county's hotel/motel tax revenues.  The formula for apportioning these revenues is given in K.C.C. chapter 4.42.  
K.C.C. 4.08.190 E, provides, "at least forty percent of the revenue distributed pursuant to this section for the period January 1, 2001, through December 31, 2012, shall be deposited in an account and shall be used to establish an endowment.  Principal in the account shall remain permanent and irreducible.  The remaining revenues, along with earnings from investment of balances in the account, may only be used for the purposes stated in KCC chapter 4.42."  The purpose of this endowment fund will be to support the county's cultural programming beginning in 2013, through the interest earned on the fund, at which time hotel/motel tax revenues will no longer be available to the county for cultural program purposes, as specified in K.C.C. chapter 4.42.
      BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
      SECTION 1.  Ordinance 12076, Section 9, as amended, and K.C.C. 4.08.015 are each hereby amended to read as follows:
      First tier funds and designated fund managers.
      A.  First tier funds and fund managers are as follows:
Fund No.
Fund Title
Fund Manager
103
County Road
Dept. of Transportation
104
Solid Waste Landfill Post Closure Maintenance
Dept. of Natural Resources and Parks
109
Recorder's O & M
Dept. of Executive Services
111
Enhanced-911 Emergency Tel System
Dept. of Executive Services
112
Mental Health
Dept. of Community & Human Services
115
Road Improvement Guaranty
Dept. of Transportation
119
Emergency Medical Services
Dept. of Public Health
121
Surface Water Management
Dept. of Natural Resources and Parks
122
Automated Fingerprint Identification System
Dept. of Public Safety
125
Bridge Replacement
Dept. of Transportation
128
Local Hazardous Waste
Dept. of Public Health
129
Youth Sports Facilities Grant
Dept. of Natural Resources and Parks
131
Noxious weed control fund
Dept. of Natural Resources and Parks
134
Development and Environmental Services
Dept. of Development & Environmental Svcs
137
Clark Contract administration fund
Budget Organization in Executive Office
164
Two-Tenths Sales Tax Revenue Receiving
Dept. of Transportation
165
Public Transit Self Insurance
Dept. of Transportation
305
Police Field Fac Const 1987
Dept. of Public Safety
309
Neighborhood Parks & Open Space
Dept. of Executive Services
312
HMC Long Range CIP
Dept. of Executive Services
313
Health Department Clinic Projects Const
Dept. of Executive Services
315
Conservation Futures Levy
Dept. of Natural Resources and Parks
316
Parks, Rec. & Open Space
Dept. of Executive Services
318
Surface & Storm Water Mgmt Const
Dept. of Natural Resources and Parks
319
Youth Svcs Detention Facility Const
Dept. of Executive Services
320
One Percent for Art
Office of Cultural Resources
322
Housing Opportunity Acquisition
Dept. of Community & Human Services
326
1990 Series B Youth Detention Facility
Dept. of Executive Services
327
Equipment and Building Acquisition
Dept. of Executive Services
329
SWM CIP Construction 1992-1997
Dept. of Natural Resources and Parks
330
River and Flood Control Const 1961
Dept. of Natural Resources and Parks
331
Long-term leases
Dept. of Executive Services
333
Health Centers Construction
Dept. of Executive Services
334
Capital Acqn and County Fac Renovation
Budget Organization in Executive Office
335
Youth Services Facilities Construction
Dept. of Executive Services
pard 336
Arterial Highway Development
Dept. of Transportation
338
Airport Construction
Dept. of Transportation
339
Working Forest 1995 B
Dept. of Natural Resources and Parks
340
Parks CIP
Dept. of Natural Resources and Parks
340-3
Urban Reforestation & Habitat Restoration
Dept. of Natural Resources and Parks
341
Arts and Historic Preservation Capital
Office of Cultural Resources
342
Major Maintenance Reserve
Dept. of Executive Services
343
Core GIS Capital Project
Dept of Natural Resources and Parks
346
Regional Justice Center Construction
Dept. of Executive Services
347
Emergency Communications System
Dept. of Executive Services
349
Parks Facilities Rehabilitation
Dept. of Executive Services
350
Open Space Acquisition
Dept. of Natural Resources and Parks
364-3
Transit cross-border lease financing fund
Dept. of Executive Services
368
Real Estate Excise Tax Capital
Summary Fund
Dept. of Executive Services
369
Transfer of development credits program (TDC) fund
Dept. of Natural Resources and Parks
378
Information and telecommunications
capital improvement fund
Dept. of Executive Services
381
Solid Waste Cap Equip Recovery
Dept. of Natural Resources and Parks
383
Solid Waste Environmental Reserve
Dept. of Natural Resources and Parks
384
Farmland and Open Space Acquisition
Dept. of Natural Resources and Parks
385
Renton Maintenance Fac Const
Dept. of Transportation
386
County Road Construction
Dept. of Transportation
387
HMC Construction
Dept. of Executive Services
388
Jail Renovation & Construction
Dept. of Executive Services
390
Solid Waste Construction
Dept. of Natural Resources and Parks
391
Solid Waste Landfill Reserve
Dept. of Natural Resources and Parks
394
Kingdome CIP
Dept. of Executive Services
395
Building Repair & Replace
Dept. of Executive Services
396
HMC Building Repair and Replacement
Dept. of Executive Services
404
Solid Waste Operating
Dept. of Natural Resources and Parks
429
Airport Operating
Dept. of Transportation
448
Stadium Management
Dept. of Executive Services
461
Water Quality
Dept. of Natural Resources and Parks
464
Public Transportation
Dept. of Transportation
542
Safety & Workers' Compensation
Dept. of Executive Services
543
Transit nonrevenue vehicle rental and revolving fund
 
Dept. of Transportation
544
Wastewater equipment rental and revolving fund
 
Dept. of Transportation
547
Office of information resource management operating fund
Dept. of Executive Services
550
Employee Benefits Program
Dept. of Executive Services
551
Facilities Management
Dept. of Executive Services
552
Insurance
Dept. of Executive Services
557
Public Works Equipment Rental
Dept. of Transportation
558
Motor Pool Equipment Rental
Dept. of Transportation
559
Purchasing Stores
Dept. of Executive Services
560
Printing/Graphic Arts Services
Dept. of Executive Services
603
Cultural Resources Endowment
Office of Cultural Resources
622
Judicial Administration Trust and Agency
Dept. of Judicial Administration
624
School District Impact Fee
Budget Organization in Executive Office
674
Refunded Ltd GO Bond Rdmp.
Dept. of Executive Services
675
Refunded Unltd GO Bond
Dept. of Executive Services
676
H&CD Escrow
Dept. of Executive Services
693
Deferred Compensation
Office of Human Resources Management
696
Mitigation Payment System
Dept. of Transportation
843
DMS Limited GO Bonds
Dept. of Executive Services
845
Clark Contract administration fund
Budget Organization in Executive Office
890
ULID Assessment - 1981
Dept. of Transportation
((3643
Transit cross-border lease financing fund
Dept. of Executive Services
—
Transfer of development rights (TDR)
bank fund
Dept. of Natural Resources
—
Clark Contract administration fund
Budget Office
—
Office of information resource management operating fund
Dept. of Information & Administrative Services
—
Information and telecommunications
capital improvement fund
Dept. of Information & Administrative Services))
 
      B.  The following shall also be first tier funds:
        1.  All funds now or hereafter established by ordinance for capital construction through specific road improvement districts, utility local improvement districts or local improvement districts.  The director of the department of transportation shall be the fund manager for transportation-related funds.  The director of the department of natural resources and parks shall be the fund manager for utility-related funds.
        2. All county funds that receive original proceeds of borrowings made pursuant to Chapter 216, Washington laws of 1982, as now existing or hereafter amended, to the extent of the amounts then outstanding for such borrowings for that fund.  For purposes of this subsection, the director of the county department or office primarily responsible for expenditures from that fund shall be the fund manager.
        3.  Any other fund as the council may hereinafter prescribe by ordinance to be invested for its own benefit.  County funds shall be treated as provided in K.C.C. 4.10.110 unless a designation is made by the council.
      SECTION 2.  There is hereby added to K.C.C. chapter 4.08 a new section to read as follows:
      A.  There is hereby created the cultural resources endowment fund for the purpose of receiving and holding a portion of the hotel/motel tax revenues collected in King County, as prescribed in K.C.C. 4.08.190.
      B.  The cultural resources endowment fund shall be considered a first tier fund.
      C.  The director of the office of cultural resources shall be responsible for the administration of the fund and shall act as fund manager.
      D.  In accordance with K.C.C. 4.08.190 E, at least forty percent of the funds distributed to the arts and cultural development fund as described in K.C.C. 4.08.190, Section C, for the period January 1, 2001, through December 31, 2012, shall be deposited in the cultural resources endowment  fund, with the principal remaining permanent and irreducible.
      E.  Moneys expended from the cultural resources endowment fund shall be appropriated and used only for the purposes established in K.C.C. chapter 4.42 and are subject to K.C.C. chapter 4.42.  Moneys distributed to art museums, cultural museums, heritage museums, the arts, and the performing arts shall be in addition to and may not be
 
used to replace or supplant any other cultural programs funded by the county from general revenues.
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