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KITTITAS COUNTY CONFERENCE OF G VERIVMENTS <br />PUBLIC FACILITIES FUND <br />POLICY NUMBER; 201:8-08 <br />POLICY TITLE: Annual Fund Reserve and Allocation <br />NAR96ME: <br />The Co.rrferenoe of Governments (COG):retains:Mnd balance1ri�the PuNc'Fadlities <br />Fund supporting all active project aillocations. In addition:to rrxaintaining funds cmfing <br />Prfticus 2waldlinandcff abfigations ,the COG sets aside an arrrount as reserve fvr <br />utura yearprejec ts. its a budget rine item with In: the: Public Fpeifities Fund (Kitftaa <br />County Depeirtn�nf crf Public: Works). The amount of annual end reserve is $250,000. <br />Thi funds: ere ir�tendetl #o support emor.goncy: rOgU6sts, or tequett for suopi6men. W] <br />project funding, :fes m reeip�ients: andlar to comer unanticipated Pro)eet expenses that <br />oc u d significantly impeda the;ahiltiy'for 6.9 runt recipient #a meet prgjeat dellveiry <br />timelines. <br />Any.request to arm the "annual fund reserve, 0250,:000)" she#i.he'rrrsde'- o COG in <br />the f+6llowing manner: <br />Initial verbal request is made at a regularly scheduled COG meeting. <br />Praviding a majority f rneMbem present at'the meeting vote'fiti mare the request <br />forward f©r immediate BOCC rcrnsideration. <br />The Kitthas Couniy DepartMant of Public Wdrks. Director Whadoles a special <br />meeting with t re:BOCC (if timeline dictates) presenting the request forspedal <br />funding f nm the annual fund reserus budget line as suppcuted by the C045. It is <br />the desire of COG that requests to access the annual fund reserve is managed <br />by the SOCC as rapidly as :possible. <br />Providing the.BOCC addpte the CDG's re dmrriendatlon fbr funding, the <br />recipient's contract is amended or a new contract is produced in the case of <br />emergency project creation. <br />Other than the annual fund reserve ($259,00) — no other o.oq funding is obligated for <br />annual set @side within the Public Fgolff les Fund! it is the eXp tion of the Coo that <br />all annual 0,09 "Distressed CountyFundin " is in la frar allocation - pursuant to COG <br />g P y <br />Wooled Prafed avowand award polides:atthe onset of any rren;grant: af•. <br />