(A) All revenues and moneys derived from the operation of the wastewater collection system shall be deposited in sewerage accounts of the Sewerage Fund. All the revenues and moneys shall be held by the city separate and apart from private funds and from all other funds of the city. All of the sum, without any deductions, shall be delivered to the city 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 Mayor and Council.
(B) The city shall receive all the revenues from the wastewater collection system and all other funds and moneys incident to the operation of the system as the same may be delivered to it and shall deposit the same in the account of the fund designated as the Sewerage Fund of the city. The Fund shall be administered in every respect in the manner provided by statute of the Revised Cities and Villages Act, effective January, 1942, as amended.
(2000 Code, § 13.08.060)