(a) Accounting requirements. The director shall keep:
(1) Accurate records of all security deposits, including, but not limited to, the depositor’s name, amounts deposited and deposits refunded; and
(2) Separate accounts of all security deposits.
(b) Administration of deposits. The director shall administer cash security deposits in accordance with the following rules:
(1) A deposit will be applied toward payment of the final bill amount due the city when a service account is closed or becomes inactive due to delinquency, transfer of ownership or other reasons;
(2) A deposit made to secure service to premises may be transferred or applied toward payment of a final bill; and
(3) A deposit, less amounts due for service, will be returned to the customer when service is discontinued, unless the deposit is transferred to another address.
(Ord. 9937, § 2, passed 8-25-1987)