(a) From the proceeds of the sale, the Police Department shall reimburse itself for any expenses it may have incurred in conducting the auction, any costs of towing, preserving and storing the vehicle which resulted from placing the abandoned vehicle in custody and all notice and publication costs incurred pursuant to this article.
(b) Any remainder from the proceeds of sale after payment of these costs shall be held for the last registered owner of the vehicle or entitled lien holder for ninety days, after which time, if no owner or lien holder claims the remainder, it shall be deposited in the City Treasury to be kept and maintained as a special revolving account designated as the Abandoned Vehicle Disposal Account and any moneys so collected and deposited shall be used solely by the Police Department for the payment of auction, towing, preserving, storage and all notice and publication costs which result from placing other abandoned vehicles in custody, whenever the proceeds from the sale of those abandoned vehicles are insufficient to meet these expenses and costs.
(c) The abandoned vehicle disposal account shall be under the direction and control of the City Treasurer, who shall assure that all the money is properly deposited in the account by the Police Department and that any money necessary to pay costs and expenses of those sales, as specified in the preceding paragraph are disbursed in accordance with required accounting procedures applicable to law enforcement agencies selling abandoned vehicles.
(d) The Abandoned Vehicle Disposal Account shall never be maintained in excess of the amount necessary to efficiently and properly carry out the intentions of this article and in no event shall the Abandoned Vehicle Disposal Account be maintained in excess of the sum of one thousand dollars ($1,000); and whenever the Abandoned Vehicle Disposal Account exceeds that amount, the City Treasurer shall transfer the excess to the General Revenue Fund. (Ord. 0-1-86. Passed 2-27-86.)