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(A) The city hereby establishes a Sewer Service Fund as an income fund to receive all revenues generated by the sewer service charge system, and all other income dedicated to the operation, maintenance, replacement, and capital recovery costs of the wastewater treatment works, including special charges, fees, and assessments.
(B) The city also establishes the following accounts as income and expenditure accounts within the Sewer Service Fund:
(1) Operation and Maintenance Account; and
(2) Equipment Replacement Account.
(C) All revenue generated by the sewer service charge system and all other income pertinent to the treatment works shall be held by the Clerk separate and apart from all other funds of the District. Funds received by the Sewer Service Fund shall be transferred to the Operation and Maintenance Account and the Equipment Replacement Account in accordance with the state and federal regulations and the provisions of this chapter.
(Prior Code Ch. 50, § 16)