(A) The Clerk-Treasurer shall establish a Cash Reserve Fund within the Water Works Utility Fund. The Clerk-Treasurer is further directed to transfer to the Cash Reserve Fund all surplus earnings as prescribed by I.C. 8-1.5-3-11.
(B) The Clerk-Treasurer is further authorized to re-establish the Depreciation Fund for the water utility and deposit 5% of the revenue of the water utility each month to said fund as set out in I.C. 8-1.5- 3-11.
(Ord. 81-9, passed 11-9-1981)