The funds collected under the provisions of this chapter shall be deposited in the General Fund and such funds collected shall be disbursed in the following order:
(a) Such part thereof as shall be necessary to defray all costs of collecting taxes and the cost of administering and enforcing the provisions thereof.
(b) All of the remainder of the net available income tax receipts received annually shall be used to defray operating expenses of the Village.
(Ord. 83-14. Passed 8-9-83.)