A. A special fund or funds shall be maintained for the purpose of identifying and controlling all revenues and expenses attributable to stormwater charges. All stormwater charges and all loans, grants or funds received for the administration, operation, construction and improvement of the stormwater drainage system and facilities shall be deposited in such fund or funds. Disbursements for costs of data collection, planning, designing, engineering, policing, constructing, maintaining, operating, and improving drainage services and facilities and any other activity provided for by this chapter shall be made from the appropriate fund or funds.
B. A special stormwater management enterprise fund shall be established to receive all stormwater charges for the use of the city's stormwater drainage system and facilities and to meet applicable local, state and federal regulations, including, but not limited to, the NPDES permit.
C. Expenditures and disbursements from the stormwater management enterprise fund shall be at the direction and discretion of the city council. (Ord. 1076 §1, 2009)