(a) There herein is established the Sewer Debt Service Fund (Fund 612). Moneys in this fund shall be used for the cost and expense of debt service, which shall include principal, interest, and related costs of financing the sewer system's debt, including, but not limited to: financing fees and legal and underwriting charges.
(b) The moneys received from the rates and charges provided in Section 933.10 shall be deposited regularly with the Finance Director who shall divide the revenues among the Sewer Department Fund (Fund 602), Sewer System Improvement Fund (Fund 610), and Sewer Debt Service Fund (Fund 612).
(c) The distribution of revenues into the funds listed in subsection (b) hereof shall be based on the anticipated annual expenditures in each fund, and shall be annually established by ordinance.
(Ord. 107-95. Passed 12-20-95.)