Chapter 3.50
CUMULATIVE RESERVE FUND –
STORM DRAIN

Sections:

3.50.010    Fund created.

3.50.020    Accounting.

3.50.030    Use restricted.

3.50.010 Fund created.

There is hereby created a special fund 414 cumulative reserve – storm drain that shall be used for the accumulation of reserves for the improvement, betterment, and capital maintenance requirements of the city’s storm drainage system. (Ord. 1311 § 2, 2002).

3.50.020 Accounting.

The city shall keep such books, accounts, and records necessary to administer and report the financial activities of the cumulative reserve – storm drain fund. (Ord. 1311 § 3, 2002).

3.50.030 Use restricted.

Any withdrawals or expenditures from said cumulative reserve – storm drain fund shall be made only upon approved vouchers of the city for the purpose established for said fund. (Ord. 1311 § 4, 2002).