The Board of Public Works of the city is hereby directed to transfer to the City Treasurer for deposit in the General Fund of the municipality, 9% of receipts from customer billings by the Board of Public Works for electric and water service within the municipality; provided, however, that, receipts from Hazardous Waste Pumping (HWP) under § 52.06 of this code of ordinances shall not be included in receipts for the purpose of calculating this transfer. The Board of Public Works shall make the transfer provided for above each month, based on receipts for the immediately preceding monthly period, as determined by the Board of Public Works, and as reported to the municipality. The basis for the calculation of the transfer shall be provided to the municipality with each monthly payment.
(1976 Code, § 1-821) (Ord. 1227, passed 11-4-1996; Ord. 1241, passed 10-6-1997)