All fees and charges received and collected under authority of the ordinance codified in this Chapter shall be deposited and credited to a special fund to be designated as the Water Revenue Fund. The accounts of the Fund shall show all receipts and expenditures for the maintenance, operation, upkeep and repair and capital outlay of the water facilities, including the payment of bonds issued to finance such capital outlay. When budgeted and appropriated, the funds and credits to the account of the Water Revenue Fund shall be available for the payment of the requirements for the maintenance, operation, repair and upkeep and improvement of the water system and distribution facilities of the City, including the payment of bonds issued therefor, and shall be handled as required by Ordinance 1387. (prior code §3-4-12)