There is hereby created a fund within the state treasury, designated as the "personnel service fund," to be used by the office of financial management as a revolving fund for the payment of salaries, wages, and operations required for the administration of the provisions of this chapter, applicable provisions of chapter 41.04
RCW, and chapter 41.60
RCW. An amount not to exceed one and one-half percent of the salaries and wages for all positions in the classified service in each of the agencies subject to this chapter, except the institutions of higher education, shall be charged to the operations appropriations of each agency and credited to the personnel service fund as the allotments are approved pursuant to chapter 43.88
RCW. Subject to the above limitations, the amount shall be charged against the allotments pro rata, at a rate to be fixed by the director from time to time which, together with income derived from services rendered under RCW 41.06.080
, will provide the office of financial management with funds to meet its anticipated expenditures during the allotment period, including the training requirements in RCW 41.06.500
. All revenues, net of expenditures, previously derived from services provided by the department of enterprise services under RCW 41.06.080
must be transferred to the enterprise services account.
The director shall fix the terms and charges for services rendered by the office of financial management pursuant to RCW 41.06.080
, which amounts shall be credited to the personnel service fund and charged against the proper fund or appropriation of the recipient of such services on a monthly basis. Payment for services so rendered under RCW 41.06.080
shall be made on a monthly basis to the state treasurer and deposited in the personnel service fund.
Moneys from the personnel service fund shall be disbursed by the state treasurer by warrants on vouchers duly authorized by the office of financial management.
During the 2013-2015 and 2015-2017 fiscal biennium [biennia], the legislature may transfer from the personnel service fund to the state general fund such amounts as reflect the excess fund balance of the account.