The funds received from the collection of the charges or rentals authorized by this chapter shall be deposited daily with the City Treasury and shall be accounted for and be known as the Utility Fund and, when appropriated by the City Council, shall be available for the purpose of payment of the costs and expenses of the management, maintenance, and repair of the city’s reclaimed water system and the reclaimed pumping treatment works. Any surplus in the funds shall be used for the payment of the interest on the certificates issued and outstanding, or which may be issued, to provide funds with which to pay the city’s portion of the cost of constructing the reclaimed water system, or part thereof, and the reclaimed pumping treatment works; to retire the certificates when they mature; and/or for the enlargement or replacement of the reclaimed water system, pumping, and treatment works.
(Ord. 1387-19, passed 10-28-19)