Each fiscal year the city council may transfer from the natural gas utility to the general fund an amount equal to 18% of the gross revenues of the gas utility received during the fiscal year two fiscal years before the fiscal year of the transfer. At its discretion, the city council may decide to transfer a lesser amount. The projected cost of the transfer shall be included in the city’s retail natural gas rates as part of the cost of providing gas service.
(Ord. 5582 § 1, 2022)