The text
Sec. 78-91. - Created; purpose.#
A water fund shall be established within the department of finance as a depository for all assessments for main extensions, charges for customers' service installations, charges for meter installations, any direct charges to customers for repair of meters or services, fees collected to turn water service on or off and insurance claims collected for damage to distribution system equipment. Receipts of the water fund shall also include user charges and all other charges, deposits, penalties and interfund transfers related to the use of the distribution system.
(Code 1986, § 20-91)
Sec. 78-92. - Expenditures.#
(a)
Expenditures from the water fund shall be for the purpose of maintaining, operating and replacing the distribution system. This shall include the following:
(1)
The extension or replacement of water mains;
(2)
The purchase of materials and installation or repair of customer services to the property line;
(3)
The purchase, installation and repair of customer meters.
(b)
Expenditures from the water fund shall be made by the town treasurer only upon presentation of a voucher signed by the director and the town manager, as provided in Charter, § 5-3-3.
(Code 1986, § 20-92)
Sec. 78-93. - Collections.#
The tax collector shall issue bills and make collections for the assessments and charges designated in this division and transfer the funds to the town treasurer.
(Code 1986, § 20-93)
Sec. 78-94. - Separate account.#
The town treasurer will maintain within the department of finance a separate account of all receipts and disbursements from the water fund account.
(Code 1986, § 20-94)