§ 54.33 FIXING AND SETTING ASIDE REVENUES.

   (A)   The Board may fix and set aside revenue as follows:

      (1)   As necessary for the reasonable and proper operation and maintenance of the Department;

      (2)   For a proper and adequate depreciation account; and

      (3)   To be supplied to the payment and interest of authorized bonds.

   (B)   If a surplus is accumulated in the operating and maintenance account, the Board may transfer any excess funds to (1) the deprecation account to be used for improvement, extensions, or additions to the storm water system, or (2) to a bond and interest redemption account.

   (C)   In all other matters, the Board shall comply with the provisions of I.C. 8-1.5-5 when managing the revenues of the Department.

(Ord. 2018-2, passed 3-12-2018)