§ 2.08.060. Departments of water and sewer—Funds and expenditures.

The funds, income and revenue derived from the operation of the City Water Department and the City Sewer Department shall be maintained in accounts or funds separate and apart from the funds of other departments of the City, and all other funds or revenue of the City Water and Sewer Departments shall be maintained separate and apart from the other funds of the City. No expenditure from such funds shall be made contrary to the contractual obligations of the City to the holders of water revenue bonds or the holders of other water bonds, and no funds shall be transferred from the City Water Department or City Sewer Department funds to any other funds of the City, without the expressed approval of the State Director of Public Finances or otherwise than in accordance with the laws of the State.

The costs of operating the water system of the City Water Department, including the cost of administration, employees' salaries, materials and equipment and all other items of expense necessary to the operation of such system, shall be paid from revenues derived from the operation of the water system, with the approval of the City Commission.

The City Treasurer shall act as the regular custodian of all funds belonging and credited to the City Water and Sewer Departments, and all expenditures shall be by check or warrant signed by the Mayor or the Mayor pro tem and countersigned by the City Treasurer.

(Prior code § 2-27)