All revenues and moneys derived from the operation of the sewerage system and wastewater treatment works shall be deposited in the wastewater account of the wastewater fund. All such revenues and moneys shall be held by the Clerk separate and apart from private funds and separate and apart from all other funds of the City and all of said sum without any deductions whatever shall be delivered to the Clerk not more than ten (10) days after receipt of the same, or at such more frequent intervals as may from time to time be directed by the Council. The Clerk shall receive all revenues from the sewerage system and wastewater treatment works and all other funds and moneys incident to the operation of such system as the same may be delivered to the Clerk and deposit the same in the account of the fund designated as the “Sanitation Fund of the City.” The Clerk shall administer such fund in every respect in the manner provided by statute of the Iowa Administrative Code.