All fees, charges and assessments received and collected under the authority of this chapter shall be deposited and credited to funds designated as the municipal irrigation fund. The accounts of said funds shall show all receipts and expenditures for the maintenance and operation of the irrigation system and any payments into a sinking fund established for the purpose of paying principal of and interest on bond indebtedness of the municipal irrigation systems which shall from time to time be outstanding. As provided by law, when budgeted and appropriated, the funds and credits to the account of the municipal irrigation fund shall be available for the payment of the requirements for the maintenance and operation, repairs and upkeep of the municipal irrigation system of the city, and to the extent legally available, for payment into a sinking fund established for the payment of the principal of and interest on any municipal irrigation fund indebtedness of the city which shall from time to time be outstanding. (Ord. 16-561A, 11-8-2016)