(A) All revenues and moneys derived from the operation of the sewerage system and wastewater treatment works shall be deposited in the Wastewater Account of the Wastewater Fund. All such revenue and moneys shall be held by the City Finance Department separate and apart from private funds and separate and apart from all other funds of the city and all of said sum, without any deductions whatever, shall be delivered to the City Finance Department not more than ten days after receipt of the same, or at more frequent intervals as may from time to time be directed by the City Council.
(B) The City Finance Department shall receive all such revenues from the sewerage system and wastewater treatment works and all other funds and moneys incident to the operation of such system as the same may be delivered to the Finance Department and deposit the same in the account of the fund designated as the Sewer and Wastewater Fund of the city. Said department shall administer such fund in every respect in the manner provided by statute of the Iowa Administrative Code.
(2011 Code, § 24.0805)