(a) The funds received from the collection of rates and charges provided for this chapter, along with any other funds received from sewerage service related charges, shall be deposited regularly with the Treasurer, who shall keep the same in the Sanitary Sewer Fund. The moneys in such Fund shall be used for the cost and expense of operation, maintenance, replacement, repair, enlargement, improvement and management of the sewage disposal works, including debt repayment, and shall not be used for any other purpose, contrary to Ohio R.C. 729.52.
(b) To ensure compliance with Sections 927.02(b) and 927.12, the Public Utilities Director shall at least annually make a determination as to the total funds received from the rates and charges provided for this chapter, and the total funds received from other sewage service related charges, and report the same to the Treasurer. The costs and expense of debt repayment shall be deducted from the funds received from rates and charges other than those provided for in this chapter and transferred and retained in the Sewage Disposal Works Debt Service Fund. The costs and expense for replacement shall be deducted from the funds generated by the rates and charges provided for in this chapter and transferred and retained in the Replacement Fund to be used for future replacement. Surplus funds, if any, either generated by those charges provided for in this chapter or other charges, shall be retained in the Sanitary Sewer Fund.
(c) In no event shall any of the funds be used for a purpose which would be contrary to the purposes permitted under Ohio R.C. 729.52. When appropriated by Council, such funds shall be subject to the order of the Director of Public Service. The Director of Public Service shall sign all orders drawn by the Treasurer of the City against such funds.
(Ord. 69-79. Passed 8-21-79; Ord. 14-81. Passed 2-17-81.)