(A) The revenues collected, as a result of the sewer service charges levied, shall be deposited in a separate nonlapsing fund known as the Sewer Revenues Fund.
(B) The Sewer Revenues Fund shall be used only for the purpose of paying operations, maintenance, and replacement costs of the wastewater treatment system and to meet the debt service obligations of said system. Monies which have been transferred from other sources to meet temporary shortages in the Sewer Revenues Fund shall be returned to their respective accounts upon appropriate adjustment of the sewer service charge rates for operation, maintenance, replacement, and debt service obligations. The sewer service rates shall be adjusted such that the transferred monies will be returned to their respective accounts within six months of the fiscal year in which the monies were borrowed.
(C) All revenues and expenses of the city’s wastewater treatment system shall be maintained and accounted for separately from other city utilities such as the water and/or gas system.
(1995 Code, § 52.111) (Ord. passed 4-6-1993)