A. Sources. There are created two funds to be known as the “water reserve fund” and the “sewer reserve fund” into which shall be paid a monthly charge as fixed by resolution of the city council for every water utility account, paid in addition to the rates and charges identified in CEMC Section 13.12.100 or as fixed by resolution of the city council, and a sewer reserve charge in an amount identified in CEMC Section 13.08.370(F).

B. Purposes. These funds are established to account for funds which are intended to be used for water or sewer improvements.

C. Uses. Expenditures from these funds shall be used solely for improvements to the water or sewer system of the city.

D. Classified. The funds so established by this chapter shall be designated as follows: