(a) Council hereby authorizes the Finance Director to credit interest accrued from the investment of utility bonds to the following funds:
(1) Water Revenue Fund.
(2) Sewer Revenue Fund.
(3) Water Improvement and Replacement Fund.
(4) Sewer Capital Improvement Fund.
(b) The sum credited to each fund described in subsection (a) hereof shall be based on its balance in proportion to the investment. The interest received shall be credited to the above funds on the basis of the allocation.
(Ord. 794. Passed 7-21-81.)