Whenever warrants drawing interest are issued by the City against the guaranty fund to meet any proper liability of such fund, at the time of making its next annual budget and tax levy, the City shall provide for the levying of a sum sufficient, with other resources of that fund, to pay warrants so issued during the preceding fiscal year and to establish an appropriate balance therein. This section is intended to implement Chapter 35.54 RCW and assure that a balance considered appropriate by the City Council is maintained in the guaranty fund. (Ord. 64-03 § 10)