A Municipal Liquor Fund is hereby created. All revenues received from the operation of the city’s liquor stores will be deposited in that fund. All ordinary operating expenses of the stores will be paid from the fund. Surpluses accumulated in the fund may be transferred, by resolution of the City Council, to the general fund or to any other appropriate fund to be expended for municipal purposes. The handling of the municipal liquor receipts and disbursements must comply with the procedures prescribed by law for receipt and disbursement of municipal funds generally.
(Prior Code, § 112.33)