3.54.070 SEWER SERVICE FUND.

There is established the "Sewer Service Fund" to which the Finance Director shall transfer all sewer service charges and connection charges collected. This fund shall only be used for the costs associated with providing sanitary sewer and wastewater treatment service, including construction, reconstruction, maintenance, operation, and direct and indirect financing costs, and for accumulation of a depreciation reserve fund for such purposes in an amount as the Council may determine is appropriate.