(A) A separate fund or a separate account shall be established in the City Treasury for each utility. Into this fund or account shall be all receipts from the utility, and from it shall be paid all disbursements attributable to the utility.
(B) The City Council shall be governed by state law in connection with its finances.
(C) The Finance Officer shall, immediately after the close of each fiscal year, and as often additionally as may be required by the City Council, file with the city a detailed written report of all money and monies received and disbursed by said utility for said fiscal year in the case of an annual report, and since the last report was given in the case of any other report required by the City Council.
(D) The city shall charge a connection fee to be established by resolution of the City Council and kept on file in the office of the City Finance Officer for the institution of service to the consumer, when said consumer begins his or her account with the city at the property he or she is receiving service.
(Ord. 517, passed 9-15-1997)