4.48.050 Capital Project Funds.
Pierce County's Capital Project Funds include, but are not limited to, the following:
A. Public Works Construction Fund No. 320. There is created a Capital Project Fund known as the Public Works Construction Fund No. 320. All public works construction projects built by contract, whether grant funded or County funded, shall be budgeted and accounted for in this fund, in accordance with the Washington State Auditor guidelines as provided in the current Budget, Accounting, and Reporting System (BARS) manual. Budgeting shall be on the continuing appropriation basis which continues from year to year until the project is completed. The policies and procedures governing this fund shall be included in the Pierce County Planning and Public Works Department Administration Procedures as required by Chapter 2.82 PCC.
B. Government Services Capital Fund.
1. Creation. There is hereby created a Capital Project Fund to be known as the Government Services Capital Fund.
2. Revenues. The Government Services Capital Fund shall receive funds from bond proceeds and other sources as approved by the Council.
3. Purpose. Amounts placed in the Government Services Capital Fund shall be used for the purchase of real estate, construction, renovation, and related expenditures to the County-City Building Campus and properties located at 1501 and 1502 Market Street in Tacoma, Washington.
4. Fund Manager. The Director of the Facilities Management Department or designee shall be the fund manager for the Government Services Capital Fund.
C. Conservation Futures Capital Fund.
1. Creation. There is hereby created a Capital Project Fund to be known as the Conservation Futures Capital Fund (formerly known as the Conservation Futures Construction Fund).
2. Purpose. The Conservation Futures Capital Fund shall be used to purchase rights and interests in open space land, wetlands, habitat areas, farm, agricultural, and timber lands as described in Chapter 2.97 PCC. Expenditures from the Conservation Futures Capital Fund shall be used for direct costs associated with the purchase of real property or conservation easements. Program administration and operation and maintenance of conservation futures properties are not eligible expenditures.
3. Revenues. The Conservation Futures Capital Fund shall receive funds from the Conservation Futures Fund (PCC 4.48.020.L) as well as other funding received to help it achieve the purposes of the fund. No less than 75 percent of the revenues collected from the Conservation Futures Property Tax Levy (Chapter 4.14 PCC) shall be deposited into the Conservation Futures Capital Fund annually.
4. Fund Manager. The Director of the Parks and Recreation Department shall be the fund manager for the Conservation Futures Capital Fund.