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DocuSign Envelope ID: D3F2F9F4-5AB8-441C-836F-1DA197C2CF2F <br /> ORDINANCE NO. 4003 <br /> AN ORDINANCE ADOPTING A FUND BALANCE POLICY FOR THE CITY OF <br /> ANACORTES <br /> Whereas; Ordinance 2995 approved on November 21, 2016 adopted a comprehensive fund <br /> balance policy for the City of Anacortes; and <br /> Whereas; the City of Anacortes recognizes there are necessary clarifications as to which <br /> Accounting Funds and which types of expenditures are included in the Emergency Reserve <br /> Calculation; and <br /> Whereas; after discussion with Mayor, staff and City Council,those edits have been incorporated <br /> into said City of Anacortes Fund Balance Policy; <br /> Now,therefore,the City Council of the City of Anacortes does ordain as follows: <br /> Section 1. Ordinance 2995 dated November 21, 2016 is hereby repealed. <br /> Section 2. The attached document dated December 2021 entitled City of Anacortes Fund <br /> Balance Policy is hereby adopted as the official fund balance policy of the City. <br /> Section 3. Effective Date. This ordinance shall take effect from and after five (5) days after its <br /> passage and publication as required by law. <br /> PASSED AND APPROVED this 13th day of December, 2021. <br /> CITY OF ANACORTES: <br /> LaW it, t-iit <br /> Laurie Gere, Mayor <br /> ATTEST: <br /> ./fe /I--- <br /> Steven D. Hoglund, City Clerk-Treasurer <br /> Approved as to Form: <br /> Nara Swt <br /> Darcy Swetnam, City Attorney <br />