The Finance Director shall credit certain funds as designated herein with investment earnings as follows:
(a) Fund Invested From | Fund to Receive Investment |
Revenue Sharing bank account | Federal General Revenue Sharing Trust Fund |
Water bank account | Water Revenue Fund |
Waste Water bank account | Waste Water Revenue Fund |
General bank account | General Fund |
Income Tax bank account | General Fund |
Sewer Plan Improvement Note Fund | Sewer Plant Improvement Note Fund |
(b) The provisions of subsection (a) hereof shall not apply when Internal Revenue Service regulations require that moneys be deposited to the credit of one or more construction funds. (Ord. 1981-173. Passed 12-16-81.)