16-2-040: ENTERPRISE FUND:
The city council hereby establishes a drainage utility enterprise fund to handle all income, expenses and other financial transactions related to the drainage utility. All drainage utility service charges shall be deposited in the drainage utility enterprise fund. Money in the drainage utility enterprise fund shall not be commingled with or transferred to other city funds. However, the drainage utility may pay other city funds for services and expenses directly attributable to the drainage utility. The drainage utility enterprise fund shall be operated according to state law and city ordinances, rules, regulations and policies. (Ord. 2008-03, 1-8-2003)