Accounts shall be kept by the Director of Finance for each public utility owned or operated by the City distinct from other City accounts and in such manner as to show the complete financial results of such City ownership, or ownership and operation, including all assets, liabilities, revenues and expenses. These accounts shall show the actual costs to the City of each public utility owned, the cost of all extensions, additions and improvements, all expenses of maintenance, the amount set aside for bond retirement purposes and, in the case of City operation, all operation expenses of every description. They shall show, as nearly as possible, the value of any service furnished to or rendered by any such public utility by or to any other City or governmental department.
(Ord. 1951-64. Passed 12-22-51.)