The power board shall furnish a proposed budget for the department to the city council no later than May 1 of each fiscal year so that it may be incorporated in the general budget of the city. Said proposed budget shall be subject to a review process as outlined in title 10-6-111 Utah Code Annotated.
The accounts and records of the department shall be maintained by city offices, but shall be kept separately from the general accounts and funds of the city except as may be otherwise specifically provided by state law or other city ordinances.
The council shall have the power to transfer to the city treasury all surplus funds which in their best judgement will not be needed for the proper operation, maintenance, bond payments and care of the department. This transfer to be made at the close of each operational year of the department. (Ord. 1988-1: prior code § 14-511.7)