The gross revenues of the system are hereby ordered to be set aside as collected into a separate depository account of the Water and Sewer Fund, designated as the operation and maintenance account. These revenues shall be used exclusively for the operation and maintenance and improvement of the water supply and sewer disposal systems. A separate accounting shall be maintained of any of the gross revenue received by the system which are reserved for specific restricted purposes. In addition, the Township Board may from time to time designate that certain monies be earmarked for an account established to restrict assets of the Water and Sewer Fund for specifically identified uses or to comply with the terms of contractual agreements.
(Prior Code, § X-3.069-2)