Chapter 3.24
CUMULATIVE RESERVE SEWER FUND*

Sections:

3.24.010    Establishment and purpose.

3.24.020    Funding sources.

3.24.030    Expenditures.

*Prior legislation: Ord. 205.

3.24.010 Establishment and purpose.

There is hereby created a cumulative reserve sewer fund which shall be used for the purpose of accumulating reserve funding for capital improvements to the sewer system. (Ord. 1001-08)

3.24.020 Funding sources.

The funding source shall be system connection fees and excess funds from the sewer operating fund. (Ord. 1001-08)

3.24.030 Expenditures.

Expenditures from the fund shall be made as appropriated and authorized in the city’s annual operating budget. Funds must be used for capital purposes identified in a capital budget adopted by the council annually. (Ord. 1001-08)