(A) The operation, maintenance and replacement portion of all amounts billed and collected for sewage service from all users shall be segregated in a separate fund designated as the sewage treatment works fund. Within this fund, there are hereby established two accounts: (1) sewage treatment works operation and maintenance account and (2) sewage treatment works replacement account. Amounts within the sewage treatment works fund shall be credited to said accounts as provided for in paragraphs (1) and (2) below:
(1) Sewage treatment works operation and maintenance account. All amounts credited to the sewage treatment works fund which are not specifically designated for the sewage treatment works replacement account shall be credited to this account and used only for the purpose of paying the costs of the operation, maintenance, bond, payments and administration of the sewage treatment works of the city, including any minor replacements to the system not otherwise provided for in the sewage treatment works replacement account.
(2) Sewage treatment works replacement account. All amounts from the sewer user charges specifically designated for this account shall be credited herein and shall only be used to meet the replacement needs of the treatment works, including any necessary upgrading in the process of replacement to the sewage treatment works. Credits to this account from the sewage treatment works fund shall be made at least annually and shall initially be in the amount of $5,000.00.
(B) Should a balance remain in either account within the sewage treatment works fund after payment of the items hereinbefore provided, then said balance shall be carried over within the same account and used for the same purposes in the following year. Transfers of funds to meet temporary shortages in either account within this fund shall be returned to the appropriate fund, following an adjustment in the user charge for operation, maintenance and replacement.
(Ord. 2090, § 2, passed 3-26-1979; Ord. 2113, § 2, passed 12-10-1979)