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491 <br /> December 23,1.2 <br /> (-) <br /> Finance Director Bill Cushman answered that Fund 160 had been <br /> created and the intent is not to Spend any of this money until <br /> the mechanics of the spending is resolved. <br /> City Attorney Mike Weight reminded'.councilmembers that'mny <br /> expenditure from this fund had to be approved by Council. <br /> Mayor Kinch summarized that Council wants to be involved in the <br /> process so that it is not purely administrative. In regards to <br /> the Rainy Day Fund, he suggested annually meeting with the <br /> Budget Committee(for their input)and then action by Council. <br /> ,C,)elLeArttzfa:ItirkLnin emphasized cooperation and teamwork <br /> Finance Director Bill Cushman then reviewed changes to the <br /> preliminary budget. <br /> • <br /> The City clerk was directed to cell.the roll for the final <br /> disposition of the ordinance. <br /> AYES: AndeersOverston,Moser,Biamond,Gipson,Campbell, <br /> Pope, reet <br /> NAYS: Non <br /> 0 <br /> ordinance No. 1914,2 <br /> adopted. <br /> COUNCIL BILL P211-57 <br /> FINAL READING: <br /> AN ORDINANCE levying the general taxes for the City of <br /> Everett for fiscal year commencing January 1, 19031 an <br /> all taxable property, both real and personal, in said <br /> 'Citysubject,to taxation thereon, for the purpose of <br /> raising a portion of the revenue to carry on the <br /> different departments of said city for the ensuing year, <br /> as required by the Charter of the City of Everett and <br /> the laws of the State of Washington; prescribing and <br /> apportioning the same into the different funds of said <br /> City for the fiscal year, and providing for the <br /> collection thereof. <br /> 0 <br />