Subd. 1. Fund Established. A Municipal Liquor Dispensary Fund is hereby continued in which all revenues received from the operation of the dispensary shall be deposited and from which all ordinary operating expenses shall be paid. Any amounts it may be necessary to borrow from the General Fund of the city for initial costs of rent, fixtures and stock or for operating expenses shall be reimbursed to that fund out of the first available monies coming into the Dispensary Fund thereafter. Surpluses accumulating in the dispensary fund may be transferred to the General Fund or to any other appropriate fund of the city by resolution of the Council and expanded for any municipal purpose.
Subd. 2. Receipts and Disbursements. The handling of municipal liquor dispensary receipts and disbursements shall comply with the procedure prescribed by law for the receipts and disbursements of the city funds generally.