A. Establishment: A Sewer Service Fund is hereby established as an income fund to receive all revenues generated by the sewer service charge system, and all other income dedicated to the operation, maintenance, replacement and construction of the wastewater treatment works, including taxes, special charges, fees, and assessments intended to retire construction debt. The following accounts are established as income and expenditure accounts within the Sewer Service Fund:
1. Operation and maintenance and equipment replacement account.
2. Debt retirement account.
B. Revenue: All revenue generated by the sewer service charge system, and all other income pertinent to the treatment system, including taxes and special assessments dedicated to retire construction debt, shall be held by the City Clerk separate and apart from all other funds of the City. Funds received by the Sewer Service Fund shall be transferred to the operation and maintenance and equipment replacement account, and the debt retirement account in accordance with the provisions of this chapter. (1988 Code § 3.41)