(a) Pursuant to and in accordance with Ohio R.C. 5705.09(G), there is hereby established a special, segregated and distinct sewer fund, to be known as the "Stormwater Utility Fund No. 633". All moneys collected as service charges and interest and penalties thereon, and any other revenues or receipts of the utility, shall be deposited in said Stormwater Management Enterprise Fund. The moneys in the Stormwater Management Enterprise Fund shall be used only to pay:
(1) Costs of providing the utility's stormwater management programs;
(2) Costs of operating, maintaining, repairing and replacement of the capital facilities of the stormwater drainage system;
(3) Costs of planning, design, acquisition, construction, reconstruction, improvement, and extension of capital facilities of that system;
(4) Educational and other programs and measures as needed to meet applicable Federal and State mandates; and
(5) Debt service on obligations incurred and to be incurred for capital facilities of that system and to maintain adequate fund reserves to provide for reasonable expected variations in the collection of services charges, in the cost of providing services, and in the demand for services.
(b) The moneys in the Stormwater Management Enterprise Fund shall not be used for general or other governmental or proprietary purposes of the City, except to pay for costs incurred by the City in rendering services associated with the utility. For that purpose, the City Council may adopt a cost allocation plan that identifies, accumulates, and distributes allowable direct and indirect costs that may be paid from the Stormwater Management Enterprise Fund, and that prescribes a method for allocating those costs. The plan shall authorize payment of only those costs incurred by the utility, or a Federal or State grant program, and those costs incurred by the General and other funds of the City for a common or joint purpose, that are necessary and reasonable for the proper and efficient administration of the utility and properly attributable to the Stormwater Management Enterprise Fund. The plan shall not authorize payment from the Stormwater Management Enterprise Fund of any general government expense required to carry out the overall governmental responsibilities of the City.
(Ord. 105-17. Passed 1-8-18.)