(A) The City of Johnston City hereby establishes a Water Capital Improvement Reserve Fund. The monies in the Capital Improvement Fund shall be used solely for capital expenditures.
(B) The Water Capital Improvement Reserve Fund shall be funded by a $2 charge on each water bill and shall be transferred from the Water Dept. O and M Fund into the Capital Improvement Reserve Fund.
(C) The Water Capital Improvement Reserve Fund shall be reserved until such funds are budgeted and required for capital expenditures.
(Ord. 09-21A, passed 8-2-2021)