From the proceeds of the sale, the Police Department which sold the abandoned vehicle shall reimburse itself for any expense it may have incurred in conducting the auction, any cost of towing, preserving and storing the vehicle which resulted from placing the abandoned vehicle in custody and all notices and publication costs incurred, pursuant to this article. Any remainder from the proceeds of sale after payment of these costs shall be held for the last registered owner of the vehicle or entitled lienholder for ninety days, after which time, if no owner or lienholder claims the remainder, shall be deposited in the City treasury to be kept and maintained as a special revolving account designated as the “abandoned vehicle disposal account”, and any money so collected and deposited shall be used solely by the Police Department for the payment of auction, towing, preserving, storage and all notice and publication costs which result from placing other abandoned vehicles in custody, whenever the proceeds from a sale of those abandoned vehicles are insufficient to meet these expenses and costs. The abandoned vehicle disposal account shall be under the direction and control of the City Treasurer, who shall assure that all money is properly deposited in the account by the Police Department and that any money necessary to pay costs and expenses of those sales, as specified in this section, are disbursed in accordance with required accounting procedures applicable to law enforcement with required accounting procedures applicable to law enforcement agencies selling an abandoned vehicle. The abandoned vehicle disposal account shall never be maintained in excess of the amount necessary to efficiently and properly carry out the intentions of this article and in no event shall the abandoned vehicle disposal account exceed the sum of five thousand dollars ($5,000); and whenever the abandoned vehicle disposal account exceeds that amount, the City Treasurer shall transfer the excess to the general revenue fund. (Ord. 448. Passed 11-16-81.)