Rural County Capital Fund

The Rural County Capital Fund (“RCCF”) is used by Benton County to support new capital infrastructure projects in the community that specifically contribute to job growth and economic diversification.  The RCCF is funded by a Washington State Sales Tax rebate at the rate of 0.09 percent, and is not a new or additional tax.  The funds are used either by Benton County or disbursed to local government partners in the community for qualified economic development projects that meet statutory requirements as outlined by the Washington State Legislature.

Depending on economic conditions, the RCCF reserve accumulates at about $300,000 per month, which is allocated among the five cities, two ports, and the County via the formula adopted by Commissioners 2016 (see link to Resolution below).

As of November 30, 2017, each entity’s dedicated portion is as follows (click table for enlarge PDF):
113017_RCCF_AllocationTable
Accumulated Funds: Total funds accumulated since January 2016
Allocated Funds: Total funds approved, by Resolution, to be distributed to recipient upon receipt of invoice
Non-Allocated Funds: Total funds accumulated - total funds allocated
Funds Distributed: Total funds distributed to each entity, per agreement with Benton County
Available Balance: Accumulated funds - Distributed funds


 Additional Information
The following documents provide more detailed information on the RCCF and how it is managed by Benton County:

Entity Bulk Allocation as of 03/31/16       Accumulated Since        Total as of 12/31/16
Benton County
1,446,552.57 323,093.49 1,769,646.06
Port of Kennewick 553,582.15 323,093.49 876,675.64
Port of Benton  553,582.15 323,093.49
876,675.64
City of Kennewick 913,359.94 533,074.73
1,446,434.67
City of Richland 825,313.05 481,686.92 1,306,999.97
City of Prosser 553,582.15 323,093.49 876,675.64
City of West Richland 553,582.15 323,093.49 876,675.64
City of Benton City 553,582.15 323,093.49 876,675.64
TOTAL  $    5,953,136.31 $    2,953,322.62 $    8,906,458.93

 

Entity Bulk Allocation as of 03/31/16       Accumulated Since        Total as of 12/31/16
Benton County
1,446,552.57 323,093.49 1,769,646.06
Port of Kennewick 553,582.15 323,093.49 876,675.64
Port of Benton  553,582.15 323,093.49
876,675.64
City of Kennewick 913,359.94 533,074.73
1,446,434.67
City of Richland 825,313.05 481,686.92 1,306,999.97
City of Prosser 553,582.15 323,093.49 876,675.64
City of West Richland 553,582.15 323,093.49 876,675.64
City of Benton City 553,582.15 323,093.49 876,675.64
TOTAL  $    5,953,136.31 $    2,953,322.62 $    8,906,458.93

 

Entity Bulk Allocation as of 03/31/16       Accumulated Since        Total as of 12/31/16
Benton County
1,446,552.57 323,093.49 1,769,646.06
Port of Kennewick 553,582.15 323,093.49 876,675.64
Port of Benton  553,582.15 323,093.49
876,675.64
City of Kennewick 913,359.94 533,074.73
1,446,434.67
City of Richland 825,313.05 481,686.92 1,306,999.97
City of Prosser 553,582.15 323,093.49 876,675.64
City of West Richland 553,582.15 323,093.49 876,675.64
City of Benton City 553,582.15 323,093.49 876,675.64
TOTAL  $    5,953,136.31 $    2,953,322.62 $    8,906,458.93

 

 
 
 

 
Benton County    620 Market Street    Prosser, Washington 99350
Phone: (509) 786-5710 or (509) 783-1310
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