(a) All revenues and monies derived from the operation of the sewage system shall be credited to the sewerage account of the general fund. All such revenues and monies shall be held by the director of finance and adequate records shall be maintained to account for such revenues and monies. All of the sum, without any deductions whatever, shall be delivered to the director of finance not more than ten days after receipt of the same, or at such more frequent intervals as may from time to time be directed by the president and board of trustees of the village.
(b) The director of finance shall receive all such revenues from the sewerage system and all other funds and monies incident to the operation of such system as the same may be delivered to him or her and deposit the same in the account of the general fund designated as the sewerage account. The director shall administer such account in every respect in the manner provided by statute.