(A) Delivery of moneys; funds kept separate. All of the revenues and moneys derived from the operation of the combined waterworks and sewerage system shall be held by the Village Treasurer separate and apart from all other moneys that may come into his or her hands as Village Treasurer and shall be deposited in a separate bank account, and all sums, without any deductions whatsoever, shall be delivered to the Village Treasurer not more than five days after the receipt of the same or at more frequent intervals as may, from time to time, be directed by the Mayor and Board of Trustees.
(B) Water and Sewer Fund. The Village Treasurer shall receive all of the revenues from the combined waterworks and sewerage system and all other funds and monies incident to the operation of the combined system, as may be delivered to him or her, and he or she shall deposit the same in a separate bank account which shall be accounted for as a separate fund designated as the Water and Sewer Fund of the village. The Village Treasurer shall administer the Water and Sewer Fund in every respect in the manner provided by law or village ordinances.
(Prior Code, § 7-4D-4)