There is hereby established a City Stormwater Management Enterprise Fund for the purpose of dedicating and protecting funds applicable to the responsibilities of the Stormwater Management Utility, including but not limited to, rents, rates, fees, charges and penalties as may be established, after due notice and a public hearing by the City Council. Funding may also include other funds transferred or allocated to the Stormwater Management Utility by the City Council. All revenues and receipts of the Stormwater Management Utility shall be placed in the Stormwater Management Enterprise Fund (Fund 602) and all expenses of the utility shall be paid from the Stormwater Management Enterprise Fund, except that other revenues, receipts and resources not accounted for in the Stormwater Management Enterprise Fund may be applied to stormwater management activities as deemed appropriate by the City Council.
(Ord. 5-06. Passed 1-17-06.)